Schedule of Investments (unaudited)	iShares® MSCI BIC ETF
November 30, 2022	(Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Brazil — 7.8%
Ambev SA		108,158	$	331,809
Americanas SA		17,044		34,683
Atacadao SA		7,003		21,551
B3 SA - Brasil, Bolsa, Balcao		153,455		376,441
Banco Bradesco SA		23,829		63,185
Banco BTG Pactual SA		31,868		154,570
Banco do Brasil SA		21,103		143,470
Banco Santander Brasil SA		8,742		46,596
BB Seguridade Participacoes SA		18,330		110,630
BRF SA(a)		13,771		24,998
CCR SA		28,670		65,248
Centrais Eletricas Brasileiras SA		29,820		272,953
Cia. de Saneamento Basico do Estado de Sao Paulo		8,225		95,558
Cia. Siderurgica Nacional SA		15,933		44,581
Cosan SA		31,725		110,226
CPFL Energia SA		5,781		38,879
Energisa SA		4,277		35,696
Engie Brasil Energia SA		7,823		59,547
Equatorial Energia SA		26,179		138,983
Hapvida Participacoes e Investimentos SA(b)		115,150		115,386
Hypera SA		11,045		94,586
JBS SA		20,821		88,470
Klabin SA		19,411		73,689
Localiza Rent a Car SA		18,565		215,009
Localiza Rent a Car SA, NVS(a)		56		616
Lojas Renner SA		24,205		107,980
Magazine Luiza SA(a)		74,495		48,952
Natura & Co. Holding SA		20,915		47,196
Petro Rio SA(a)		19,834		137,785
Petroleo Brasileiro SA		92,919		544,155
Raia Drogasil SA		23,359		103,756
Rede D’Or Sao Luiz SA(b)		9,635		57,669
Rumo SA		29,610		111,037
Sendas Distribuidora SA		19,176		74,090
Suzano SA		18,988		194,478
Telefonica Brasil SA		10,951		80,296
Tim SA		20,868		52,277
TOTVS SA		13,959		83,011
Ultrapar Participacoes SA		17,296		47,328
Vale SA		94,094		1,554,105
Vibra Energia SA		27,871		88,779
WEG SA		43,710		328,498
				6,418,752
Cayman Islands — 0.0%
Haichang Ocean Park Holdings Ltd.(a)(b)		40,000		16,541
China — 59.6%
360 DigiTech Inc.		1,786		28,022
360 Security Technology Inc., Class A		23,531		23,150
37 Interactive Entertainment Network Technology Group Co. Ltd., Class A		4,700		11,973
3SBio Inc.(b)		47,000		49,858
AAC Technologies Holdings Inc.(a)		24,500		57,290
Advanced Micro-Fabrication Equipment Inc., Class A(a)		2,300		32,614
AECC Aviation Power Co. Ltd., Class A		4,700		30,545
Agricultural Bank of China Ltd., Class A		112,800		46,154
Agricultural Bank of China Ltd., Class H		705,000		235,664
Aier Eye Hospital Group Co. Ltd., Class A		13,809		53,664
Air China Ltd., Class A(a)		18,800		28,084

Security	Shares		Value
China (continued)
Alibaba Group Holding Ltd.(a)	366,620	$	3,989,982
Alibaba Health Information Technology Ltd.(a)	128,000		108,051
Aluminum Corp. of China Ltd., Class A	28,200		18,054
Aluminum Corp. of China Ltd., Class H	94,000		40,201
Anhui Conch Cement Co. Ltd., Class A	4,700		19,152
Anhui Conch Cement Co. Ltd., Class H	23,500		85,595
Anhui Gujing Distillery Co. Ltd., Class B	4,700		68,716
ANTA Sports Products Ltd.	29,440		349,901
Autohome Inc., ADR	1,833		54,807
AVIC Electromechanical Systems Co. Ltd., Class A	10,800		17,095
AVIC Industry-Finance Holdings Co. Ltd., Class A	42,399		20,599
AviChina Industry & Technology Co. Ltd., Class H	76,000		35,872
Baidu Inc.(a)	54,056		729,519
Bank of Beijing Co. Ltd., Class A	32,990		20,129
Bank of Chengdu Co. Ltd., Class A	4,700		10,298
Bank of China Ltd., Class A	52,800		23,640
Bank of China Ltd., Class H	1,927,000		682,926
Bank of Communications Co. Ltd., Class A	65,800		44,147
Bank of Communications Co. Ltd., Class H	188,200		106,634
Bank of Hangzhou Co. Ltd., Class A	14,199		26,777
Bank of Jiangsu Co. Ltd., Class A	18,860		19,938
Bank of Nanjing Co. Ltd., Class A	23,500		34,630
Bank of Ningbo Co. Ltd., Class A	10,310		47,354
Bank of Shanghai Co. Ltd., Class A	37,690		32,003
Baoshan Iron & Steel Co. Ltd., Class A	47,000		37,772
BBMG Corp., Class A	18,800		7,145
BeiGene Ltd., ADR(a)	1,222		234,147
Beijing Dabeinong Technology Group Co. Ltd., Class A(a)	14,100		18,690
Beijing Enlight Media Co. Ltd., Class A	9,400		11,115
Beijing Enterprises Water Group Ltd.	94,000		25,103
Beijing Kingsoft Office Software Inc., Class A	378		13,776
Beijing New Building Materials PLC, Class A	4,700		17,691
Beijing Originwater Technology Co. Ltd., Class A	23,500		17,119
Beijing-Shanghai High Speed Railway Co. Ltd., Class A	70,500		49,599
Bilibili Inc.(a)	4,845		83,677
BOC Aviation Ltd.(b)	4,700		37,217
BOE Technology Group Co. Ltd., Class A	70,500		36,090
Bosideng International Holdings Ltd.	94,000		46,837
BYD Co. Ltd., Class A	3,900		147,939
BYD Co. Ltd., Class H	23,500		598,305
BYD Electronic International Co. Ltd.	24,500		81,675
Caitong Securities Co. Ltd., Class A	12,820		13,867
CGN Power Co. Ltd., Class H(b)	282,000		68,623
Changchun High & New Technology Industry Group Inc.,Class A	810		19,540
Changjiang Securities Co. Ltd., Class A	23,500		18,844
Chaozhou Three-Circle Group Co. Ltd., Class A	9,400		40,544
China Baoan Group Co. Ltd., Class A	9,400		17,666
China Cinda Asset Management Co. Ltd., Class H	141,000		18,550
China CITIC Bank Corp. Ltd., Class H	188,000		83,597
China Coal Energy Co. Ltd., Class H	47,000		43,700
China Communications Services Corp. Ltd., Class H	94,800		32,681
China Conch Venture Holdings Ltd.	47,000		107,557
China Construction Bank Corp., Class A	9,400		7,472
China Construction Bank Corp., Class H	2,397,370		1,450,888
China CSSC Holdings Ltd., Class A	9,400		33,648
China Eastern Airlines Corp. Ltd., Class A(a)	23,500		17,934
China Energy Engineering Corp. Ltd.	37,600		13,138
China Everbright Bank Co. Ltd., Class A	75,200		31,972
China Everbright Environment Group Ltd.	94,000		43,493

1

Schedule of Investments (unaudited) (continued)	iShares® MSCI BIC ETF
November 30, 2022	(Percentages shown are based on Net Assets)

Security	Shares		Value
China (continued)
China Evergrande Group(a)(c)(d)		114,000	$	15,672
China Feihe Ltd.(b)		96,000		78,509
China Galaxy Securities Co. Ltd., Class H		47,000		23,410
China Gas Holdings Ltd.		76,400		97,778
China Greatwall Technology Group Co. Ltd., Class A		9,400		16,078
China Hongqiao Group Ltd.		70,500		66,627
China International Capital Corp. Ltd., Class H(b)		37,600		70,923
China Jinmao Holdings Group Ltd.		152,000		36,003
China Jushi Co. Ltd., Class A.		9,473		19,419
China Lesso Group Holdings Ltd.		27,000		32,804
China Life Insurance Co. Ltd., Class A		4,793		24,717
China Life Insurance Co. Ltd., Class H		188,000		288,195
China Literature Ltd.(a)(b)		9,400		34,320
China Longyuan Power Group Corp. Ltd., Class H		94,000		115,931
China Medical System Holdings Ltd.		47,000		68,838
China Mengniu Dairy Co. Ltd.		94,000		422,782
China Merchants Bank Co. Ltd., Class A		32,300		161,375
China Merchants Bank Co. Ltd., Class H		94,456		479,747
China Merchants Port Holdings Co. Ltd.		48,000		70,062
China Merchants Securities Co. Ltd., Class A		14,150		27,232
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A		10,581		23,109
China Minsheng Banking Corp. Ltd., Class A		47,000		23,525
China Minsheng Banking Corp. Ltd., Class H		141,000		48,746
China National Building Material Co. Ltd., Class H		94,000		83,814
China National Chemical Engineering Co. Ltd., Class A		18,800		22,555
China National Nuclear Power Co. Ltd., Class A		37,600		33,476
China Northern Rare Earth Group High-Tech Co. Ltd., Class A		4,700		17,574
China Oilfield Services Ltd., Class H		68,000		85,964
China Overseas Land & Investment Ltd.		94,300		257,677
China Pacific Insurance Group Co. Ltd., Class A		9,400		32,686
China Pacific Insurance Group Co. Ltd., Class H		56,400		128,452
China Petroleum & Chemical Corp., Class A		47,000		30,276
China Petroleum & Chemical Corp., Class H		658,600		310,921
China Power International Development Ltd.		141,000		54,854
China Railway Group Ltd., Class A		32,900		27,574
China Railway Group Ltd., Class H		94,000		53,058
China Renewable Energy Investment Ltd.(c)		7,709		—
China Resources Beer Holdings Co. Ltd.		38,000		263,312
China Resources Cement Holdings Ltd.(d)		96,000		52,110
China Resources Gas Group Ltd.		18,800		66,752
China Resources Land Ltd.		94,444		438,684
China Resources Mixc Lifestyle Services Ltd.(b)		18,800		89,763
China Resources Pharmaceutical Group Ltd.(b)		47,000		38,510
China Resources Power Holdings Co. Ltd.		74,200		138,318
China Ruyi Holdings Ltd.(a)		188,000		41,969
China Shenhua Energy Co. Ltd., Class A		9,400		41,063
China Shenhua Energy Co. Ltd., Class H		70,500		218,511
China Southern Airlines Co. Ltd., Class A(a)		14,100		14,974
China Southern Airlines Co. Ltd., Class H(a)		46,000		27,208
China State Construction Engineering Corp. Ltd., Class A		70,500		59,171
China State Construction International Holdings Ltd.		94,000		113,508
China Taiping Insurance Holdings Co. Ltd.		37,640		38,525
China Three Gorges Renewables Group Co. Ltd., Class A		56,400		46,649
China Tourism Group Duty Free Corp. Ltd., Class A		4,000		113,790
China Tower Corp. Ltd., Class H(b)		940,000		101,663
China Traditional Chinese Medicine Holdings Co. Ltd.		94,000		47,130
China United Network Communications Ltd., Class A		57,000		35,800
China Vanke Co. Ltd., Class A		14,138		37,802

Security	Shares		Value
China (continued)
China Vanke Co. Ltd., Class H		42,301	$	87,799
China Yangtze Power Co. Ltd., Class A		37,656		113,610
China Zheshang Bank Co. Ltd., Class A(a)		28,200		11,839
Chinasoft International Ltd.		94,000		81,219
Chongqing Changan Automobile Co. Ltd., Class A		18,652		36,099
Chongqing Zhifei Biological Products Co. Ltd., Class A		4,300		55,743
CITIC Ltd.		141,000		144,549
CITIC Securities Co. Ltd., Class A		18,975		53,768
CITIC Securities Co. Ltd., Class H		47,050		94,746
CMOC Group Ltd., Class A		42,300		28,178
CMOC Group Ltd., Class H		108,000		50,596
Contemporary Amperex Technology Co. Ltd., Class A		4,300		238,794
COSCO SHIPPING Energy Transportation Co. Ltd., Class A(a)		8,900		19,426
COSCO SHIPPING Holdings Co. Ltd., Class A		18,970		34,349
COSCO SHIPPING Holdings Co. Ltd., Class H		70,849		77,487
Country Garden Holdings Co. Ltd.		241,046		94,274
Country Garden Services Holdings Co. Ltd.		47,000		117,522
CRRC Corp. Ltd., Class A		45,600		34,833
CRRC Corp. Ltd., Class H		114,000		46,988
CSC Financial Co. Ltd., Class A		9,400		33,008
CSPC Pharmaceutical Group Ltd.		188,160		242,410
Dali Foods Group Co. Ltd.(b)		70,500		33,350
Daqin Railway Co. Ltd., Class A		23,500		22,899
Daqo New Energy Corp., ADR(a)		1,496		85,137
DHC Software Co. Ltd., Class A		23,500		19,993
Dongfang Electric Corp. Ltd., Class A		9,400		32,507
Dongfeng Motor Group Co. Ltd., Class H		94,000		52,956
Dongxing Securities Co. Ltd., Class A		9,499		11,196
Dongyue Group Ltd.		47,000		52,622
East Money Information Co. Ltd., Class A		23,374		62,333
ENN Energy Holdings Ltd.		19,500		276,336
ENN Natural Gas Co. Ltd., Class A		9,400		24,860
Eve Energy Co. Ltd., Class A		4,700		56,462
Everbright Securities Co. Ltd., Class A		9,497		21,888
Fangda Carbon New Material Co. Ltd., Class A(a)		18,840		17,333
Far East Horizon Ltd.		51,000		38,810
First Capital Securities Co. Ltd., Class A		9,400		8,045
Flat Glass Group Co. Ltd., Class A		4,700		23,654
Focus Media Information Technology Co. Ltd., Class A		32,939		28,325
Foshan Haitian Flavouring & Food Co. Ltd., Class A		5,351		53,566
Fosun International Ltd.		47,000		35,930
Founder Securities Co. Ltd., Class A		28,299		27,360
Foxconn Industrial Internet Co. Ltd., Class A		18,800		24,541
Fujian Sunner Development Co. Ltd., Class A		4,700		16,828
Fuyao Glass Industry Group Co. Ltd., Class A		4,700		24,917
Fuyao Glass Industry Group Co. Ltd., Class H(b)		19,600		86,908
Ganfeng Lithium Co. Ltd., Class H(b)(d)		4,000		35,396
Ganfeng Lithium Group Co. Ltd., Class A		4,700		54,027
GCL-Poly Energy Holdings Ltd.(a)		517,000		161,501
GD Power Development Co. Ltd., Class A(a)		51,700		33,388
GDS Holdings Ltd., Class A(a)		20,232		38,799
Geely Automobile Holdings Ltd.		141,000		210,712
GEM Co. Ltd., Class A		14,199		16,591
Gemdale Corp., Class A		9,400		15,620
Genscript Biotech Corp.(a)		42,000		108,784
GF Securities Co. Ltd., Class A		14,100		32,407
GF Securities Co. Ltd., Class H		18,800		27,428
GoerTek Inc., Class A		9,400		24,458
Great Wall Motor Co. Ltd., Class A		4,700		21,633

2

Schedule of Investments (unaudited) (continued)	iShares® MSCI BIC ETF
November 30, 2022	(Percentages shown are based on Net Assets)

Security	Shares		Value
China (continued)
Great Wall Motor Co. Ltd., Class H		70,500	$	104,694
Gree Electric Appliances Inc. of Zhuhai, Class A		4,700		21,650
Greentown China Holdings Ltd.		23,500		40,391
Greentown Service Group Co. Ltd.		56,000		38,676
Guangdong Haid Group Co. Ltd., Class A		4,700		37,811
Guangdong Investment Ltd.		94,000		86,674
Guanghui Energy Co. Ltd., Class A		18,800		28,645
Guangzhou Automobile Group Co. Ltd., Class H		94,235		68,142
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A		4,700		19,662
Guangzhou Tinci Materials Technology Co. Ltd., Class A		4,700		29,988
Guosen Securities Co. Ltd., Class A		18,800		24,483
Guotai Junan Securities Co. Ltd., Class A		18,800		37,495
Guoyuan Securities Co. Ltd., Class A		14,120		14,066
H World Group Ltd., ADR		4,841		185,313
Haidilao International Holding Ltd.(a)(b)		22,000		53,853
Haier Smart Home Co. Ltd., Class A		9,479		33,347
Haier Smart Home Co. Ltd., Class H(d)		56,400		187,708
Haitian International Holdings Ltd.		28,000		72,990
Haitong Securities Co. Ltd., Class A		14,100		17,965
Haitong Securities Co. Ltd., Class H		37,600		23,261
Hangzhou Tigermed Consulting Co. Ltd., Class A		100		1,277
Hangzhou Tigermed Consulting Co. Ltd., Class H(b)		4,700		45,005
Henan Shuanghui Investment & Development Co. Ltd., Class A		4,700		16,945
Hengan International Group Co. Ltd.		23,500		108,322
Hengli Petrochemical Co. Ltd., Class A		9,400		22,534
Hengyi Petrochemical Co. Ltd., Class A		28,230		28,929
Hesteel Co. Ltd., Class A		56,400		19,687
Hopson Development Holdings Ltd.		2,287		2,605
Huadian Power International Corp. Ltd., Class A		14,100		11,859
Huadong Medicine Co. Ltd., Class A		4,700		27,653
Hualan Biological Engineering Inc., Class A		4,750		13,897
Huaneng Power International Inc., Class A(a)		14,100		15,614
Huaneng Power International Inc., Class H(a)		94,000		43,709
Huatai Securities Co. Ltd., Class A		18,800		35,099
Huatai Securities Co. Ltd., Class H(b)		9,400		10,923
Huaxia Bank Co. Ltd., Class A		23,500		17,527
Huaxin Cement Co. Ltd., Class A		4,700		10,408
Huayu Automotive Systems Co. Ltd., Class A		9,499		25,096
Hunan Valin Steel Co. Ltd., Class A		14,100		9,702
Hundsun Technologies Inc., Class A		6,200		35,463
Hutchmed China Ltd., ADR(a)		92		1,116
Hygeia Healthcare Holdings Co. Ltd.(a)(b)		9,400		60,247
Iflytek Co. Ltd., Class A		4,729		21,849
Industrial & Commercial Bank of China Ltd., Class A		94,000		57,437
Industrial & Commercial Bank of China Ltd., Class H		1,410,050		706,715
Industrial Bank Co. Ltd., Class A		18,800		47,508
Industrial Securities Co. Ltd., Class A(a)		18,600		16,150
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A.		75,200		21,359
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A		37,600		22,522
Inner Mongolia Yili Industrial Group Co. Ltd., Class A		9,400		38,585
Inner Mongolia Yitai Coal Co. Ltd., Class B		28,200		41,847
Innovent Biologics Inc.(a)(b)		23,500		94,901
Inspur Electronic Information Industry Co. Ltd., Class A		7,383		23,528
iQIYI Inc., ADR(a)(d)		7,305		21,696
JA Solar Technology Co. Ltd., Class A		6,700		56,140
JD Health International Inc.(a)(b)		28,200		253,366
JD.com Inc., Class A		54,070		1,543,578
Jiangsu Eastern Shenghong Co. Ltd., Class A		9,400		17,892

Security	Shares		Value
China (continued)
Jiangsu Expressway Co. Ltd., Class H		38,000	$	34,233
Jiangsu Hengrui Medicine Co. Ltd., Class A		9,168		52,120
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A		2,900		58,848
Jiangsu Zhongtian Technology Co. Ltd., Class A		9,400		22,522
Jiumaojiu International Holdings Ltd.(b)		28,000		71,898
JOYY Inc., ADR		1,269		38,654
Kanzhun Ltd., ADR(a)		4,888		91,992
KE Holdings Inc., ADR(a)		16,544		279,924
Kingboard Holdings Ltd.		23,500		77,796
Kingboard Laminates Holdings Ltd.(d)		23,500		24,813
Kingdee International Software Group Co. Ltd.(a)(d)		47,000		79,313
Kingsoft Corp. Ltd.		27,600		88,189
Kuaishou Technology(a)(b)		42,300		318,701
Kunlun Energy Co. Ltd.		94,000		72,929
Kweichow Moutai Co. Ltd., Class A		2,000		456,889
LB Group Co. Ltd., Class A		4,700		12,026
Legend Biotech Corp., ADR(a)		1,410		72,629
Lenovo Group Ltd.(d)		188,000		160,561
Lens Technology Co. Ltd., Class A.		14,100		21,500
Lepu Medical Technology Beijing Co. Ltd., Class A		9,400		30,387
Li Auto Inc., ADR(a)		13,959		307,098
Li Ning Co. Ltd.		61,000		490,226
Lingyi iTech Guangdong Co., Class A(a)		18,800		13,234
Longfor Group Holdings Ltd.(b)		47,000		143,199
LONGi Green Energy Technology Co. Ltd., Class A		9,548		62,786
Lufax Holding Ltd., ADR		17,860		33,220
Luxshare Precision Industry Co. Ltd., Class A		9,902		44,362
Luzhou Laojiao Co. Ltd., Class A		2,800		75,014
Mango Excellent Media Co. Ltd., Class A		4,700		16,959
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A(a)		18,853		14,356
Meituan, Class B(a)(b)		108,100		2,330,317
Metallurgical Corp. of China Ltd., Class A		28,200		13,392
Microport Scientific Corp.(a)		18,800		45,178
Muyuan Foods Co. Ltd., Class A		9,878		67,628
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd., Class A		6,245		15,614
Nanjing Securities Co. Ltd., Class A		9,400		11,466
NARI Technology Co. Ltd., Class A		14,124		53,645
National Silicon Industry Group Co. Ltd., Class A(a)		10,177		28,070
NavInfo Co. Ltd., Class A		9,408		15,909
NetEase Inc		47,075		680,640
New China Life Insurance Co. Ltd., Class A		4,700		19,200
New China Life Insurance Co. Ltd., Class H		14,100		33,098
New Hope Liuhe Co. Ltd., Class A(a)		9,400		18,233
New Oriental Education & Technology Group Inc.(a)		32,930		94,604
Nine Dragons Paper Holdings Ltd.		47,000		37,560
Ninestar Corp., Class A		4,700		36,038
Ningbo Shanshan Co. Ltd.		4,700		12,998
Ningxia Baofeng Energy Group Co. Ltd., Class A		14,100		26,660
NIO Inc., ADR(a)		34,733		443,888
Nongfu Spring Co. Ltd., Class H(b)		47,000		274,315
Offshore Oil Engineering Co. Ltd., Class A		4,724		3,854
OFILM Group Co. Ltd., Class A(a)		14,100		10,280
Orient Overseas International Ltd.(d)		4,000		76,005
Orient Securities Co. Ltd., Class A		18,888		24,095
Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A(a)		23,500		18,224
People’s Insurance Co. Group of China Ltd. (The), Class A		23,500		18,142

3

Schedule of Investments (unaudited) (continued)	iShares® MSCI BIC ETF
November 30, 2022	(Percentages shown are based on Net Assets)

Security	Shares		Value
China (continued)
People’s Insurance Co. Group of China Ltd. (The), Class H		141,000	$	47,584
Perfect World Co. Ltd., Class A		9,450		18,516
PetroChina Co. Ltd., Class A		23,500		17,566
PetroChina Co. Ltd., Class H		470,000		213,865
Pharmaron Beijing Co. Ltd., Class H(b)		7,750		44,840
PICC Property & Casualty Co. Ltd., Class H		188,322		190,790
Pinduoduo Inc., ADR(a)		12,408		1,017,952
Ping An Bank Co. Ltd., Class A		28,200		52,624
Ping An Healthcare and Technology Co. Ltd.(a)(b)(d)		14,700		37,368
Ping An Insurance Group Co. of China Ltd., Class A		14,100		90,652
Ping An Insurance Group Co. of China Ltd., Class H		165,000		1,018,710
Poly Developments and Holdings Group Co. Ltd., Class A		14,100		33,308
Pop Mart International Group Ltd.(b)(d)		18,800		42,747
Postal Savings Bank of China Co. Ltd., Class A		42,300		26,941
Postal Savings Bank of China Co. Ltd., Class H(b)		188,000		113,697
Power Construction Corp. of China Ltd., Class A		28,200		30,792
Qinghai Salt Lake Industry Co. Ltd., Class A(a)		9,400		33,737
Rongsheng Petrochemical Co. Ltd., Class A		18,850		33,361
SAIC Motor Corp. Ltd., Class A		14,100		30,571
Sany Heavy Equipment International Holdings Co. Ltd.		47,000		50,304
Sany Heavy Industry Co. Ltd., Class A		14,153		32,136
SDIC Power Holdings Co. Ltd., Class A		18,899		29,595
Sealand Securities Co. Ltd., Class A		14,100		7,026
SF Holding Co. Ltd., Class A		4,700		35,754
Shaanxi Coal Industry Co. Ltd., Class A		18,805		54,144
Shandong Gold Mining Co. Ltd., Class A		9,480		27,645
Shandong Gold Mining Co. Ltd., Class H(b)(d)		23,500		46,276
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A		6,740		32,004
Shandong Nanshan Aluminum Co. Ltd., Class A		51,700		25,865
Shandong Weigao Group Medical Polymer Co. Ltd., Class H		56,400		82,670
Shanghai Baosight Software Co. Ltd., Class B		18,600		56,148
Shanghai Construction Group Co. Ltd., Class A		14,100		5,598
Shanghai Electric Group Co. Ltd., Class A(a)		47,000		28,370
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A		4,700		25,013
Shanghai Fudan Microelectronics Group Co. Ltd.		2,439		26,365
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class B		28,276		22,733
Shanghai Pharmaceuticals Holding Co. Ltd., Class A		4,700		12,951
Shanghai Pharmaceuticals Holding Co. Ltd., Class H		23,500		39,186
Shanghai Pudong Development Bank Co. Ltd., Class A		42,300		43,433
Shanghai RAAS Blood Products Co. Ltd., Class A		28,600		22,626
Shanghai Yuyuan Tourist Mart Group Co. Ltd., Class A		9,400		9,748
Shanxi Coking Coal Energy Group Co. Ltd., Class A		14,100		26,679
Shanxi Lu’an Environmental Energy Development Co. Ltd., Class A		9,452		25,759
Shanxi Meijin Energy Co. Ltd., Class A		9,400		13,258
Shanxi Securities Co. Ltd., Class A		14,560		11,587
Shanxi Taigang Stainless Steel Co. Ltd., Class A		14,100		9,092
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A		2,360		86,271
Shenghe Resources Holding Co. Ltd., Class A		4,700		9,804
Shengyi Technology Co. Ltd., Class A		9,400		20,249
Shenwan Hongyuan Group Co. Ltd., Class A		61,194		36,077
Shenzhen Energy Group Co. Ltd., Class A		10,820		9,497
Shenzhen Inovance Technology Co. Ltd., Class A		4,797		48,353
Shenzhen International Holdings Ltd.		23,500		21,771
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A		2,200		102,377
Shenzhen Overseas Chinese Town Co. Ltd., Class A		14,100		11,793
Shenzhen Transsion Holding Co. Ltd., Class A		2,100		23,289

Security	Shares		Value
China (continued)
Shenzhou International Group Holdings Ltd.		18,800	$	169,728
Shimao Group Holdings Ltd.(a)(c)		28,500		6,621
Sichuan Chuantou Energy Co. Ltd., Class A		14,105		23,951
Sichuan Kelun Pharmaceutical Co. Ltd., Class A		9,400		31,636
Sichuan Road & Bridge Co. Ltd., Class A		14,120		23,551
Sino Biopharmaceutical Ltd.		252,000		149,181
Sinolink Securities Co. Ltd., Class A		18,800		24,266
Sinopec Shanghai Petrochemical Co. Ltd., Class A		18,800		8,828
Sinopharm Group Co. Ltd., Class H		37,600		89,203
Smoore International Holdings Ltd.(b)(d)		47,000		73,629
Songcheng Performance Development Co. Ltd., Class A		9,580		19,592
SooChow Securities Co. Ltd., Class A		18,852		18,607
Sunac China Holdings Ltd.(a)(c)		114,000		23,543
Sunny Optical Technology Group Co. Ltd.		18,900		225,002
Sunwoda Electronic Co. Ltd., Class A		3,000		10,511
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A		4,700		17,443
TAL Education Group, ADR(a)		8,601		51,348
TBEA Co. Ltd., Class A		9,400		28,993
TCL Technology Group Corp., Class A		23,500		13,537
TCL Zhonghuan Renewable Energy Technology Co. Ltd., Class A		4,700		28,078
Tencent Holdings Ltd.		154,600		5,846,399
Tencent Music Entertainment Group, ADR(a)		15,604		109,384
Tianma Microelectronics Co. Ltd., Class A		14,100		18,457
Tianshui Huatian Technology Co. Ltd., Class A		23,700		29,928
Tingyi Cayman Islands Holding Corp.		64,000		104,675
Tongcheng Travel Holdings Ltd.(a)		37,600		81,867
TongFu Microelectronics Co. Ltd., Class A(a)		4,700		11,706
Tongling Nonferrous Metals Group Co. Ltd., Class A		51,700		21,783
Tongwei Co. Ltd., Class A		9,495		58,796
Topsports International Holdings Ltd.(b)		47,000		30,181
TravelSky Technology Ltd., Class H		30,000		60,953
Trina Solar Co. Ltd.		4,300		39,788
Trip.com Group Ltd., ADR(a)		13,630		435,478
Tsingtao Brewery Co. Ltd., Class H		16,000		151,465
Uni-President China Holdings Ltd.		47,000		41,255
Unisplendour Corp. Ltd., Class A		7,180		19,436
Vipshop Holdings Ltd., ADR(a)		11,045		123,152
Walvax Biotechnology Co. Ltd., Class A		4,700		28,541
Wanhua Chemical Group Co. Ltd., Class A		5,400		68,971
Want Want China Holdings Ltd.		94,000		63,807
Weibo Corp., ADR(a)		1,363		21,726
Weichai Power Co. Ltd., Class A		11,400		17,513
Weichai Power Co. Ltd., Class H		47,100		62,667
Wens Foodstuffs Group Co. Ltd., Class A		14,140		36,186
Western Securities Co. Ltd., Class A		14,100		12,898
Will Semiconductor Co. Ltd. Shanghai, Class A		3,375		39,404
Wingtech Technology Co. Ltd., Class A		3,000		23,728
Wuhan Guide Infrared Co. Ltd., Class A		16,380		27,380
Wuliangye Yibin Co. Ltd., Class A		6,100		137,575
WUS Printed Circuit Kunshan Co. Ltd., Class A		14,160		25,806
WuXi AppTec Co. Ltd., Class A		4,728		53,165
WuXi AppTec Co. Ltd., Class H(b)		9,487		95,661
Wuxi Biologics Cayman Inc., New(a)(b)		94,000		616,051
XCMG Construction Machinery Co. Ltd., Class A		33,100		24,918
Xiamen C & D Inc., Class A		9,400		20,894
Xiaomi Corp., Class B(a)(b)		385,400		522,201
Xinjiang Goldwind Science & Technology Co. Ltd., Class A		10,853		17,905

4

Schedule of Investments (unaudited) (continued)	iShares® MSCI BIC ETF
November 30, 2022	(Percentages shown are based on Net Assets)

Security	Shares		Value
China (continued)
Xinjiang Goldwind Science & Technology Co. Ltd., Class H		22,234	$	24,098
Xinyi Solar Holdings Ltd.		136,000		159,579
XPeng Inc., ADR(a)		10,763		116,348
Xtep International Holdings Ltd.		47,000		54,023
Yankuang Energy Group Co. Ltd., Class H		58,000		194,747
Yihai International Holding Ltd.		19,000		59,781
Yihai Kerry Arawana Holdings Co. Ltd., Class A		4,700		27,708
Yonyou Network Technology Co. Ltd., Class A		9,230		30,265
Youngor Group Co. Ltd., Class A		4,700		4,318
Yuexiu Property Co. Ltd.		47,400		60,160
Yum China Holdings Inc.(d)		10,669		588,075
Yunda Holding Co. Ltd., Class A		6,830		11,988
Yunnan Baiyao Group Co. Ltd., Class A.		4,708		37,986
Yunnan Energy New Material Co. Ltd., Class A		1,700		30,387
Zai Lab Ltd., ADR(a)		2,303		88,804
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A		1,400		51,008
Zhaojin Mining Industry Co. Ltd., Class H(a)		23,500		26,024
Zhejiang Century Huatong Group Co. Ltd., Class A(a)		14,100		7,937
Zhejiang Chint Electrics Co. Ltd., Class A		4,700		19,330
Zhejiang Dahua Technology Co. Ltd., Class A		9,400		15,997
Zhejiang Huayou Cobalt Co. Ltd., Class A		4,700		41,694
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A		4,700		43,022
Zhejiang Juhua Co. Ltd., Class A		9,400		22,596
Zhejiang NHU Co. Ltd., Class A		9,243		26,025
Zheshang Securities Co. Ltd., Class A		9,400		14,378
ZhongAn Online P&C Insurance Co. Ltd., Class H(a)(b)		18,800		49,246
Zhongsheng Group Holdings Ltd.(d)		23,500		121,232
Zhongtai Securities Co. Ltd.		18,800		18,450
Zhuzhou CRRC Times Electric Co. Ltd.		14,100		65,512
Zijin Mining Group Co. Ltd., Class A		18,800		26,541
Zijin Mining Group Co. Ltd., Class H(d)		157,000		208,380
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class A		23,600		19,674
ZTE Corp., Class A		4,700		16,539
ZTE Corp., Class H		18,848		41,292
ZTO Express Cayman Inc., ADR		10,810		271,007
				49,088,382
Hong Kong — 0.1%
Chow Tai Fook Jewellery Group Ltd.		47,000		82,195
India — 29.1%
ABB India Ltd.		1,034		38,100
ACC Ltd.		2,021		63,863
Adani Enterprises Ltd.		6,786		328,217
Adani Green Energy Ltd.(a)		7,896		207,057
Adani Ports & Special Economic Zone Ltd.		12,831		139,607
Adani Power Ltd.(a)		19,364		79,526
Adani Total Gas Ltd.		7,003		315,247
Adani Transmission Ltd.(a)		7,003		252,409
Ambuja Cements Ltd.		15,369		108,312
Apollo Hospitals Enterprise Ltd.		2,538		148,091
Asian Paints Ltd.		9,165		357,741
AU Small Finance Bank Ltd.(b)		3,807		30,166
Aurobindo Pharma Ltd.		6,486		37,472
Avenue Supermarts Ltd.(a)(b)		4,230		210,491
Axis Bank Ltd.		55,638		618,484
Bajaj Auto Ltd.		1,645		75,888
Bajaj Finance Ltd.		6,862		570,418

Security	Shares		Value
India (continued)
Bajaj Finserv Ltd.		9,310	$	187,594
Bajaj Holdings & Investment Ltd.		470		36,331
Balkrishna Industries Ltd.		1,764		44,429
Bandhan Bank Ltd.(a)(b)		20,805		61,126
Berger Paints India Ltd.		8,502		65,126
Bharat Electronics Ltd.		97,479		126,599
Bharat Forge Ltd.		6,139		65,106
Bharat Petroleum Corp. Ltd.		16,732		70,329
Bharti Airtel Ltd.		55,131		576,134
Biocon Ltd.		11,327		39,462
Britannia Industries Ltd.		2,397		128,670
Cholamandalam Investment and Finance Co. Ltd.		10,947		96,616
Cipla Ltd.		11,750		165,307
Coal India Ltd.		37,271		105,026
Colgate-Palmolive India Ltd.		2,773		55,616
Container Corp. of India Ltd.		6,298		60,052
Dabur India Ltd.		13,724		99,546
Divi’s Laboratories Ltd.		3,290		138,244
DLF Ltd.		16,638		82,753
Dr. Reddy’s Laboratories Ltd.		3,021		167,067
Eicher Motors Ltd.		3,478		149,169
GAIL India Ltd.		52,678		61,753
Godrej Consumer Products Ltd.(a)		9,306		101,156
Godrej Properties Ltd.(a)		3,290		53,168
Grasim Industries Ltd.		6,674		144,475
Havells India Ltd.		6,815		105,339
HCL Technologies Ltd.		26,179		363,380
HDFC Life Insurance Co. Ltd.(b)		23,876		173,711
Hero MotoCorp Ltd.		2,538		89,277
Hindalco Industries Ltd.		36,566		205,138
Hindustan Petroleum Corp. Ltd.		19,364		57,147
Hindustan Unilever Ltd.		20,727		684,758
Housing Development Finance Corp. Ltd.		42,347		1,407,613
ICICI Bank Ltd.		128,780		1,508,865
ICICI Lombard General Insurance Co. Ltd.(b)		6,753		100,840
ICICI Prudential Life Insurance Co. Ltd.(b)		4,777		28,021
Indian Hotels Co. Ltd. (The)		20,821		82,237
Indian Oil Corp. Ltd.		24,816		23,482
Indian Railway Catering & Tourism Corp. Ltd.		7,755		70,408
Indraprastha Gas Ltd.		10,293		56,013
Indus Towers Ltd.		18,377		45,372
Info Edge India Ltd.		1,786		88,531
Infosys Ltd.		83,613		1,699,510
InterGlobe Aviation Ltd.(a)(b)		2,444		58,297
ITC Ltd.		74,260		311,085
Jindal Steel & Power Ltd.		10,246		68,105
JSW Steel Ltd.		17,014		156,265
Jubilant Foodworks Ltd.		9,870		66,841
Kotak Mahindra Bank Ltd.		13,959		334,757
Larsen & Toubro Infotech Ltd.(b)		1,460		87,819
Larsen & Toubro Infotech Ltd., NVS		1,057		62,804
Larsen & Toubro Ltd.		16,826		430,035
Lupin Ltd.		3,901		36,789
Mahindra & Mahindra Ltd.		21,244		341,750
Marico Ltd.		12,314		76,866
Maruti Suzuki India Ltd.		2,961		327,399
Mphasis Ltd.		1,833		45,939
MRF Ltd.		47		54,221
Muthoot Finance Ltd.		3,525		46,976
Nestle India Ltd.		846		210,072

5

Schedule of Investments (unaudited) (continued)	iShares® MSCI BIC ETF
November 30, 2022	(Percentages shown are based on Net Assets)

Security	Shares		Value
India (continued)
NTPC Ltd.		81,075	$	171,785
Oil & Natural Gas Corp. Ltd.		53,862		94,375
Page Industries Ltd.		141		82,395
Petronet LNG Ltd.		16,920		44,377
PI Industries Ltd.		2,256		97,369
Pidilite Industries Ltd.		4,136		140,030
Power Grid Corp. of India Ltd.		73,931		203,984
Reliance Industries Ltd.		74,824		2,516,892
Samvardhana Motherson International Ltd.		50,760		47,005
SBI Cards & Payment Services Ltd.		5,029		51,163
SBI Life Insurance Co. Ltd.(b)		10,857		171,274
Shree Cement Ltd.		282		83,047
Shriram Transport Finance Co. Ltd.		5,546		92,313
Siemens Ltd.		1,974		67,517
SRF Ltd.		4,230		123,539
State Bank of India		45,120		335,365
Sun Pharmaceutical Industries Ltd.		24,158		311,520
Tata Consultancy Services Ltd.		22,513		945,444
Tata Consumer Products Ltd.		11,515		115,994
Tata Elxsi Ltd.		846		73,758
Tata Motors Ltd.(a)		41,313		225,236
Tata Power Co. Ltd. (The)		38,540		107,072
Tata Steel Ltd.		178,600		239,065
Tech Mahindra Ltd.		13,818		184,399
Titan Co. Ltd.		9,118		299,247
Torrent Pharmaceuticals Ltd.		2,632		53,770
Trent Ltd.		5,029		91,381
Tube Investments of India Ltd.		2,687		91,441
TVS Motor Co. Ltd.		5,066		65,204
UltraTech Cement Ltd.		2,538		221,192
United Spirits Ltd.(a)		7,708		88,687
UPL Ltd.		13,113		127,760
Varun Beverages Ltd.		4,233		64,961
Vedanta Ltd.		20,304		76,758
Wipro Ltd.		33,464		169,519
Yes Bank Ltd.(a)		296,335		62,646
Zomato Ltd.(a)		67,774		55,199
				23,960,288
Russia — 0.0%
Alrosa PJSC(c)		83,790		14
Gazprom PJSC(c)		376,774		62
Inter RAO UES PJSC(c)		1,065,900		175
LUKOIL PJSC(c)		12,996		2
Magnit PJSC(c)		2,131		—
Magnit PJSC, GDR(c)		4		—
MMC Norilsk Nickel PJSC(c)		1,995		—
Mobile TeleSystems PJSC(c)		16,644		3
Moscow Exchange MICEX-RTS PJSC(a)(c)		41,040		7
Novatek PJSC(c)		29,170		5
Novolipetsk Steel PJSC(c)		41,610		7
Ozon Holdings PLC, GDR(a)(c)		1,881		—
PhosAgro PJSC(c)		1,464		—
PhosAgro PJSC, GDR(c)(e)		1		—
PhosAgro PJSC, New(c)		28		—
Polymetal International PLC(a)(c)		10,488		2
Polyus PJSC(a)(c)		1,083		—
Rosneft Oil Co. PJSC(c)		37,278		6
Sberbank of Russia PJSC(a)(c)		331,170		54
Severstal PAO(c)		6,669		1
Surgutneftegas PJSC(c)		182,410		30

Security	Shares		Value
Russia (continued)
Tatneft PJSC(c)		41,097	$	7
TCS Group Holding PLC, GDR(a)(c)(e)		3,884		1
United Co. RUSAL International PJSC(a)(c)		95,760		16
VK Co. Ltd.(a)(c)		4,446		1
VTB Bank PJSC(a)(c)		153,340,001		25
X5 Retail Group NV, GDR(c)		2,622		—
Yandex NV(a)(c)		9,690		1
				419
Total Common Stocks — 96.6%
(Cost: $103,371,580)				79,566,577
Preferred Stocks
Brazil — 2.6%
Banco Bradesco SA, Preference Shares, NVS		139,441		418,644
Braskem SA, Class A, Preference Shares, NVS		5,217		28,290
Centrais Eletricas Brasileiras SA, Class B, Preference
Shares, NVS		5,170		48,897
Cia. Energetica de Minas Gerais, Preference
Shares, NVS		35,602		78,759
Gerdau SA, Preference Shares, NVS		28,905		175,847
Itau Unibanco Holding SA, Preference Shares, NVS		118,722		594,828
Itausa SA, Preference Shares, NVS		121,389		207,721
Petroleo Brasileiro SA, Preference Shares, NVS		119,239		612,584
				2,165,570
Russia — 0.0%
Surgutneftegas PJSC, Preference Shares, NVS(c)		193,800		32
Total Preferred Stocks — 2.6%
(Cost: $1,711,358)				2,165,602
Rights
Switzerland — 0.0%
Kangmei Pharmaceutical Co. Ltd.		2,454		—
Total Rights — 0.0%
(Cost: $—)				—
Total Long-Term Investments — 99.2%
(Cost: $105,082,938)				81,732,179
Short-Term Securities
Money Market Funds — 2.1%
BlackRock Cash Funds: Institutional, SL Agency Shares, 4.06%(f)(g)(h)		1,709,166		1,709,337
Total Short-Term Securities — 2.1%
(Cost: $1,708,508)				1,709,337
Total Investments — 101.3%
(Cost: $106,791,446)				83,441,516
Liabilities in Excess of Other Assets — (1.3)%				(1,095,846	)
Net Assets — 100.0%			$	82,345,670

^(a) Non-income producing security.

^(b) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(c) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(d) All or a portion of this security is on loan.

6

Schedule of Investments (unaudited) (continued)	iShares® MSCI BIC ETF
November 30, 2022

^(e) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^(f) Affiliate of the Fund.

^(g) Annualized 7-day yield as of period end.

^(h) All or a portion of this security was purchased with the cash collateral from loaned securities.

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 08/31/22		Purchases at Cost		Proceeds from Sale			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value at 11/30/22		Shares Held at 11/30/22		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	1,973,504	$	—	$	(263,638	)(a)	$	(386	)	$	(143	)	$	1,709,337		1,709,166	$	2,950	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares(c)		160,000		—		(160,000	)(a)		—			—			—		—		2,340			—
								$	(386	)	$	(143	)	$	1,709,337			$	5,290		$	—

^(a) Represents net amount purchased (sold).

^(b) All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

^(c) As of period end, the entity is no longer held.

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
MSCI China Index		7		12/16/22	$	164	$	15,588
MSCI Emerging Markets Index		6		12/16/22		295		15,460
							$	31,048

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

● Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

● Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

● Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

7

Schedule of Investments (unaudited) (continued)	iShares® MSCI BIC ETF
November 30, 2022

Fair Value Hierarchy as of Period End (continued)

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Investments
Assets
Common Stocks	$	11,504,863	$	68,015,459	$	46,255	$	79,566,577
Preferred Stocks		2,165,570		—		32		2,165,602
Rights		—		—		—		—
Money Market Funds		1,709,337		—		—		1,709,337
	$	15,379,770	$	68,015,459	$	46,287	$	83,441,516
Derivative financial instruments(a)
Assets
Futures Contracts	$	15,460	$	15,588	$	—	$	31,048

^(a) Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

Portfolio Abbreviation
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
NVS	Non-Voting Shares
PJSC	Public Joint Stock Company

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