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

Security	Shares		Value
Common Stocks
Aerospace & Defense — 0.5%
Korea Aerospace Industries Ltd.		471,209	$	17,499,455
Air Freight & Logistics — 0.5%
CJ Logistics Corp.(a)		10,851		736,206
Hyundai Glovis Co. Ltd.		122,585		16,629,753
				17,365,959
Airlines — 0.6%
Korean Air Lines Co. Ltd.(a)		1,085,928		21,304,769
Auto Components — 2.1%
Hankook Tire & Technology Co. Ltd.		522,225		13,638,940
Hanon Systems(b)		1,322,792		8,852,636
Hyundai Mobis Co. Ltd.		308,834		50,549,490
				73,041,066
Automobiles — 4.5%
Hyundai Motor Co.		652,849		85,053,663
Kia Corp.		1,263,854		66,559,481
				151,613,144
Banks — 7.2%
Hana Financial Group Inc.		1,516,719		51,874,889
Industrial Bank of Korea		1,694,849		14,507,329
KakaoBank Corp.(a)(b)		526,699		10,218,433
KB Financial Group Inc.		1,882,654		74,755,917
Shinhan Financial Group Co. Ltd.		2,259,648		65,507,461
Woori Financial Group Inc.		3,002,886		29,998,639
				246,862,668
Biotechnology — 2.1%
Alteogen Inc.(a)		8,561		243,476
Celltrion Inc.(b)		473,659		64,211,474
Seegene Inc.		56,255		1,316,796
SK Bioscience Co. Ltd.(a)(b)		97,439		6,232,438
				72,004,184
Capital Markets — 1.7%
Korea Investment Holdings Co. Ltd.		265,848		11,817,427
Meritz Securities Co. Ltd.(b)		2,887,179		12,987,036
Mirae Asset Securities Co. Ltd.		2,493,164		12,724,428
NH Investment & Securities Co. Ltd.		1,174,521		8,668,561
Samsung Securities Co. Ltd.		430,924		11,661,759
				57,859,211
Chemicals — 5.8%
Hanwha Solutions Corp.(a)		685,256		27,123,832
Kumho Petrochemical Co. Ltd.		144,814		16,657,730
LG Chem Ltd.		222,168		126,820,509
Lotte Chemical Corp.(b)		103,467		14,606,637
SK Chemicals Co. Ltd.		825		56,326
SK IE Technology Co. Ltd.(a)(b)(c)		104,434		5,345,808
SKC Co. Ltd.(b)		88,283		7,657,433
				198,268,275
Commercial Services & Supplies — 0.2%
S-1 Corp.		137,044		6,703,102
Construction & Engineering — 1.0%
GS Engineering & Construction Corp.		8,306		150,223
Hyundai Engineering & Construction Co. Ltd.(b)		490,848		15,515,412
Samsung Engineering Co. Ltd.(a)		1,040,534		19,672,456
				35,338,091
Construction Materials — 0.9%
POSCO Chemical Co. Ltd.		172,880		29,200,835

Security	Shares		Value
Diversified Telecommunication Services — 0.4%
LG Uplus Corp.		1,336,564	$	12,355,543
Electric Utilities — 0.6%
Korea Electric Power Corp.(a)		1,381,065		21,897,205
Electrical Equipment — 2.9%
Doosan Enerbility Co. Ltd.(a)(b)		1,791,124		23,208,904
Ecopro BM Co. Ltd.(b)		210,599		18,661,009
LG Energy Solution(a)(b)		128,768		58,250,421
				100,120,334
Electronic Equipment, Instruments & Components — 6.9%
Iljin Materials Co. Ltd.		96,354		4,620,937
L&F Co. Ltd.(a)(b)		100,530		17,334,941
LG Display Co. Ltd.		1,398,408		15,606,187
LG Innotek Co. Ltd.		87,336		21,056,499
Samsung Electro-Mechanics Co. Ltd.		302,936		33,161,734
Samsung SDI Co. Ltd.		254,616		143,737,851
				235,518,149
Entertainment — 2.4%
CJ ENM Co. Ltd.		6,872		443,670
HYBE Co. Ltd.(a)(b)		79,134		8,774,919
Kakao Games Corp.(a)		148,234		5,023,370
Krafton Inc.(a)		118,972		20,939,983
NCSoft Corp.		90,942		32,944,311
Netmarble Corp.(b)(c)		172,304		6,479,543
Pearl Abyss Corp.(a)(b)		241,355		8,128,993
				82,734,789
Food & Staples Retailing — 0.6%
BGF retail Co. Ltd.		66,049		10,365,560
E-MART Inc.		142,664		10,091,495
				20,457,055
Food Products — 0.9%
CJ CheilJedang Corp.(b)		56,784		17,127,204
Orion Corp./Republic of Korea(b)		156,560		14,058,710
				31,185,914
Health Care Equipment & Supplies — 0.6%
HLB Inc.(a)(b)		609,459		15,345,819
SD Biosensor Inc.		149,840		3,790,920
				19,136,739
Health Care Providers & Services — 0.6%
Celltrion Healthcare Co. Ltd.(b)		375,080		18,827,001
Hotels, Restaurants & Leisure — 0.4%
Kangwon Land Inc.(a)		736,460		14,152,634
Household Durables — 1.6%
Coway Co. Ltd.		305,845		13,465,370
LG Electronics Inc.		550,029		41,504,967
				54,970,337
Industrial Conglomerates — 3.7%
CJ Corp.		121,133		7,118,584
GS Holdings Corp.		346,215		12,868,467
LG Corp.		460,703		29,710,959
Samsung C&T Corp.		439,177		41,198,212
SK Inc.		199,109		33,606,615
				124,502,837
Insurance — 2.0%
DB Insurance Co. Ltd.		335,021		15,924,111
Meritz Fire & Marine Insurance Co. Ltd.(b)		145,286		5,134,879
Samsung Fire & Marine Insurance Co. Ltd.		166,795		26,180,303

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

Security	Shares		Value
Insurance (continued)
Samsung Life Insurance Co. Ltd.		398,476	$	22,369,675
				69,608,968
Interactive Media & Services — 4.2%
Kakao Corp.(b)		1,360,514		59,694,467
NAVER Corp.(b)		581,008		84,457,410
				144,151,877
IT Services — 0.5%
Samsung SDS Co. Ltd.		186,272		18,201,041
Life Sciences Tools & Services — 1.8%
Samsung Biologics Co. Ltd.(a)(b)(c)		87,712		59,656,267
Machinery — 1.6%
Doosan Bobcat Inc.		399,266		10,928,700
Hyundai Heavy Industries Co. Ltd.(a)(b)		75,109		6,880,096
Hyundai Mipo Dockyard Co. Ltd.(a)		101,514		6,658,043
Korea Shipbuilding & Offshore Engineering Co. Ltd.(a)		223,471		13,453,873
Samsung Heavy Industries Co. Ltd.(a)(b)		3,721,661		14,889,426
				52,810,138
Marine — 0.9%
HMM Co. Ltd.(b)		1,158,660		19,968,456
Pan Ocean Co. Ltd.		2,508,928		10,437,100
				30,405,556
Media — 0.3%
Cheil Worldwide Inc.		549,736		10,196,367
Metals & Mining — 3.7%
Hyundai Steel Co.		545,341		14,268,755
Korea Zinc Co. Ltd.		53,563		25,894,972
POSCO Holdings Inc.		376,933		86,280,008
				126,443,735
Multiline Retail — 0.2%
Lotte Shopping Co. Ltd.		96,961		6,301,893
Oil, Gas & Consumable Fuels — 2.1%
HD Hyundai Co. Ltd.		311,512		15,402,694
SK Innovation Co. Ltd.(a)		284,541		39,369,190
S-Oil Corp.		272,912		18,068,957
				72,840,841
Personal Products — 1.3%
Amorepacific Corp.(b)		175,973		17,715,652
AMOREPACIFIC Group		44,005		1,069,660
LG H&H Co. Ltd.		47,773		24,108,131
				42,893,443
Pharmaceuticals — 1.1%
Celltrion Pharm Inc.(a)		84,739		4,348,557
Hanmi Pharm Co. Ltd.		49,687		9,934,290
SK Biopharmaceuticals Co. Ltd.(a)(b)		136,291		7,703,389
Yuhan Corp.		365,767		16,349,587
				38,335,823
Semiconductors & Semiconductor Equipment — 5.2%
SK Hynix Inc.(b)		2,472,258		163,168,991
SK Square Co. Ltd.(a)		424,547		12,300,237
				175,469,228
Specialty Retail — 0.3%
Hotel Shilla Co. Ltd.(b)		199,824		11,229,303
Technology Hardware, Storage & Peripherals — 22.1%
Samsung Electronics Co. Ltd.		15,683,997		753,599,615

Security	Shares		Value
Textiles, Apparel & Luxury Goods — 0.3%
F&F Co. Ltd./New(b)		73,425	$	8,571,926
Tobacco — 1.3%
KT&G Corp.		585,250		44,408,232
Total Common Stocks — 97.6%
(Cost: $1,661,969,513)				3,328,043,549
Preferred Stocks
Automobiles — 0.7%
Hyundai Motor Co.
Preference Shares, NVS		174,265		11,184,880
Series 2, Preference Shares, NVS		228,711		14,416,142
				25,601,022
Chemicals — 0.5%
LG Chem Ltd., Preference Shares, NVS		60,321		15,535,815
Personal Products — 0.0%
LG H&H Co. Ltd., Preference Shares, NVS		3,057		653,813
Technology Hardware, Storage & Peripherals — 0.1%
Samsung Electronics Co. Ltd., Preference
Shares, NVS		75,441		3,244,088
Total Preferred Stocks — 1.3%
(Cost: $23,141,540)				45,034,738
Rights
Health Care Equipment & Supplies — 0.0%
HLB Inc., (Expires 12/09/22, Strike Price KRW 25,200.00)(a)		48,760		271,741
Total Rights — 0.0%
(Cost: $0)				271,741
Total Long-Term Investments — 98.9%
(Cost: $1,685,111,053)				3,373,350,028
Short-Term Securities
Money Market Funds — 4.6%
BlackRock Cash Funds: Institutional, SL Agency Shares, 4.06%(d)(e)(f)		153,346,260		153,361,595
BlackRock Cash Funds: Treasury, SL Agency Shares, 3.64%(d)(e)		2,580,000		2,580,000
Total Short-Term Securities — 4.6%
(Cost: $155,948,946)				155,941,595
Total Investments — 103.5%
(Cost: $1,841,059,999)				3,529,291,623
Liabilities in Excess of Other Assets — (3.5)%				(118,210,046	)
Net Assets — 100.0%			$	3,411,081,577

^(a) Non-income producing security.

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

^(c) 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.

^(d) Affiliate of the Fund.

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

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

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

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	$	132,934,661	$	20,450,762	(a)	$	—	$	28,795	$	(52,623	)	$	153,361,595		153,346,260	$	538,788	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		1,750,000		830,000	(a)		—		—		—			2,580,000		2,580,000		7,009			—
								$	28,795	$	(52,623	)	$	155,941,595			$	545,797		$	—

^(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.

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
KOSPI2 Index		479	12/08/22	$	29,489	$	1,250,647

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.

3

Schedule of Investments (unaudited) (continued)	iShares® MSCI South Korea 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	$	—	$	3,328,043,549	$	—	$	3,328,043,549
Preferred Stocks		—		45,034,738		—		45,034,738
Rights		—		271,741		—		271,741
Money Market Funds		155,941,595		—		—		155,941,595
	$	155,941,595	$	3,373,350,028	$	—	$	3,529,291,623
Derivative financial instruments(a)
Assets
Futures Contracts	$	—	$	1,250,647	$	—	$	1,250,647

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

Portfolio Abbreviation
NVS	Non-Voting Shares

4