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

Security	Shares		Value
Common Stocks
Air Freight & Logistics — 0.6%
AZ-COM MARUWA Holdings Inc.		3,000	$	32,083
Hitachi Transport System Ltd.		4,000		258,001
Konoike Transport Co. Ltd.		2,000		23,163
Mitsui-Soko Holdings Co. Ltd.		2,000		51,766
SBS Holdings Inc.		1,000		21,703
				386,716
Auto Components — 3.1%
Exedy Corp.		2,000		24,330
FCC Co. Ltd.		3,000		31,242
G-Tekt Corp.		2,000		22,450
JTEKT Corp.		17,000		126,051
KYB Corp.		1,000		26,590
Musashi Seimitsu Industry Co. Ltd.		4,000		52,150
NGK Spark Plug Co. Ltd.		13,000		254,715
NHK Spring Co. Ltd.		17,000		114,214
Nifco Inc./Japan.		7,000		184,869
Nippon Seiki Co. Ltd.		4,000		24,270
NOK Corp.		7,000		64,886
Pacific Industrial Co. Ltd.		4,000		31,701
Piolax Inc.		2,000		25,423
Shoei Co. Ltd.		2,000		81,386
Stanley Electric Co. Ltd.		11,000		226,178
Sumitomo Riko Co. Ltd.		3,000		13,537
Sumitomo Rubber Industries Ltd.		14,000		121,907
Tokai Rika Co. Ltd.		4,000		45,566
Topre Corp.		3,000		27,730
Toyo Tire Corp.		9,000		103,650
Toyoda Gosei Co. Ltd.		5,000		83,669
Toyota Boshoku Corp.		6,000		84,285
TS Tech Co. Ltd.		7,000		82,454
Yokohama Rubber Co. Ltd. (The)		10,000		165,597
				2,018,850
Automobiles — 0.5%
Mitsubishi Motors Corp.(a)		56,000		261,265
Nissan Shatai Co. Ltd.		6,000		36,557
				297,822
Banks — 4.1%
77 Bank Ltd. (The)		5,000		71,214
Aichi Financial Group Inc., NVS		3,000		48,121
Aozora Bank Ltd.		10,000		189,075
Awa Bank Ltd. (The)		3,000		44,746
Bank of Kyoto Ltd. (The)		5,000		208,923
Chugin Financial Group Inc., NVS		11,000		77,843
Daishi Hokuetsu Financial Group Inc.		3,000		57,399
Fukuoka Financial Group Inc.		14,000		274,300
Gunma Bank Ltd. (The)		29,000		95,315
Hachijuni Bank Ltd. (The)		29,000		109,881
Hirogin Holdings Inc.		21,000		96,776
Hokkoku Financial Holdings Inc.		2,000		64,954
Hokuhoku Financial Group Inc.		10,000		67,947
Hyakugo Bank Ltd. (The)		17,000		43,368
Iyogin Holdings Inc., NVS		19,000		101,323
Juroku Financial Group Inc.		3,000		57,779
Keiyo Bank Ltd. (The)		8,000		31,885
Kiyo Bank Ltd. (The)		5,000		55,760
Kyushu Financial Group Inc.		29,000		84,163
Mebuki Financial Group Inc.		78,000		177,321
Musashino Bank Ltd. (The)		2,000		27,514

Security	Shares		Value
Banks (continued)
Nanto Bank Ltd. (The)		2,000	$	34,089
Nishi-Nippon Financial Holdings Inc.		10,000		63,925
North Pacific Bank Ltd.		23,000		41,216
Ogaki Kyoritsu Bank Ltd. (The)		3,000		40,351
Okinawa Financial Group Inc.		2,000		31,330
San-in Godo Bank Ltd. (The)		12,000		66,211
Seven Bank Ltd.		50,000		94,779
Shiga Bank Ltd. (The)		3,000		57,450
Shinsei Bank Ltd.		5,000		85,243
Suruga Bank Ltd.		14,000		43,840
Toho Bank Ltd. (The)		8,000		12,231
TOMONY Holdings Inc.		9,000		22,952
Yamaguchi Financial Group Inc.		17,000		101,094
				2,680,318
Beverages — 0.5%
Coca-Cola Bottlers Japan Holdings Inc.		11,000		117,595
Sapporo Holdings Ltd.		5,000		130,845
Takara Holdings Inc.		12,000		93,844
				342,284
Biotechnology — 0.3%
GNI Group Ltd.(a)		3,097		32,172
PeptiDream Inc.(a)		8,000		101,824
Pharma Foods International Co. Ltd.		2,000		18,983
SanBio Co. Ltd.(a)		3,000		17,946
Takara Bio Inc.		4,000		52,776
				223,701
Building Products — 0.8%
Bunka Shutter Co. Ltd.		4,000		32,826
Central Glass Co. Ltd.		2,000		50,939
Nichias Corp.		4,000		70,991
Nichiha Corp.		2,000		41,502
Nitto Boseki Co. Ltd.		2,000		32,168
Noritz Corp.		2,000		21,708
Sanwa Holdings Corp.		15,000		142,151
Sekisui Jushi Corp.		2,000		26,448
Takara Standard Co. Ltd.		2,000		19,323
Takasago Thermal Engineering Co. Ltd.		4,000		52,439
				490,495
Capital Markets — 0.6%
GMO Financial Holdings Inc.		3,000		11,475
JAFCO Group Co. Ltd.		6,000		105,869
M&A Capital Partners Co. Ltd.(a)		1,000		35,821
Matsui Securities Co. Ltd.		10,000		57,273
Monex Group Inc.		14,000		44,744
Okasan Securities Group Inc.		13,000		36,811
SPARX Group Co. Ltd.		1,400		17,566
Strike Co. Ltd.		1,000		33,010
Tokai Tokyo Financial Holdings Inc.		17,000		44,267
WealthNavi Inc.(a)		2,000		22,547
				409,383
Chemicals — 6.6%
ADEKA Corp.		6,000		99,456
Aica Kogyo Co. Ltd.		4,000		94,902
Air Water Inc.		15,000		177,481
C Uyemura & Co. Ltd.		1,000		50,955
C.I. Takiron Corp.		4,000		14,821
Chugoku Marine Paints Ltd.		3,000		22,643
Daicel Corp.		22,000		160,472
Denka Co. Ltd.		6,000		145,274

1

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

Security	Shares		Value
Chemicals (continued)
DIC Corp.		6,000	$	110,101
Fujimi Inc.		1,000		51,803
Fujimori Kogyo Co. Ltd.		1,000		23,443
Fuso Chemical Co. Ltd.		1,000		25,969
JCU Corp.		2,000		49,711
Kaneka Corp.		4,000		102,787
Kansai Paint Co. Ltd.		15,000		207,206
Kanto Denka Kogyo Co. Ltd.		3,000		22,677
KeePer Technical Laboratory Co. Ltd.		1,000		31,549
KH Neochem Co. Ltd.		3,000		61,126
Konishi Co. Ltd.		3,000		37,879
Kumiai Chemical Industry Co. Ltd.		6,049		40,932
Kuraray Co. Ltd.		27,000		216,842
Kureha Corp.		1,400		100,133
Lintec Corp.		3,000		49,367
Mitsubishi Gas Chemical Co. Inc.		13,000		187,259
Nihon Parkerizing Co. Ltd.		7,000		50,912
Nippon Kayaku Co. Ltd.		11,000		100,768
Nippon Shokubai Co. Ltd.		2,000		80,648
Nippon Soda Co. Ltd.		2,000		62,505
NOF Corp.		6,000		254,290
Okamoto Industries Inc.		1,000		28,110
Osaka Organic Chemical Industry Ltd.		1,000		15,648
Osaka Soda Co. Ltd.		1,000		30,239
Sakata INX Corp.		4,000		32,337
Sanyo Chemical Industries Ltd.		1,000		32,195
Shikoku Chemicals Corp.		2,000		19,794
Shin-Etsu Polymer Co. Ltd.		3,000		27,498
Showa Denko KK		15,000		241,647
Sumitomo Bakelite Co. Ltd.		3,000		95,459
T Hasegawa Co. Ltd.		3,000		67,795
Taiyo Holdings Co. Ltd.		3,000		55,995
Takasago International Corp.		1,000		20,776
Teijin Ltd.		15,000		145,545
Tenma Corp.		1,000		15,231
Toagosei Co. Ltd.		8,000		68,997
Tokai Carbon Co. Ltd.		17,000		131,173
Tokuyama Corp.		5,000		70,054
Tokyo Ohka Kogyo Co. Ltd.		3,000		151,609
Toyo Gosei Co. Ltd.		400		26,572
Toyo Ink SC Holdings Co. Ltd.		3,000		41,164
Toyobo Co. Ltd.		7,000		53,071
UBE Corp.		8,000		116,749
W-Scope Corp.(a)		4,000		54,110
Zeon Corp.		11,000		107,199
				4,282,878
Commercial Services & Supplies — 1.8%
Aeon Delight Co. Ltd.		2,000		42,655
Daiseki Co. Ltd.		4,012		138,357
Duskin Co. Ltd.		3,000		64,471
Japan Elevator Service Holdings Co. Ltd.		5,000		64,622
Kokuyo Co. Ltd.		7,000		92,542
Matsuda Sangyo Co. Ltd.		1,060		17,935
Midac Holdings Co. Ltd.		1,000		24,877
Mitsubishi Pencil Co. Ltd.		3,000		30,608
Nippon Kanzai Co. Ltd.		1,000		18,536
Nippon Parking Development Co. Ltd.		16,000		28,658
Okamura Corp.		5,000		51,855
Park24 Co. Ltd.(a)		11,000		161,805
Pilot Corp.		2,000		72,442

Security	Shares		Value
Commercial Services & Supplies (continued)
Prestige International Inc.		8,000	$	41,921
Raksul Inc.(a)		2,000		45,935
Sato Holdings Corp.		2,000		28,666
Sohgo Security Services Co. Ltd.		6,000		163,126
TRE Holdings Corp.		4,000		46,082
				1,135,093
Construction & Engineering — 3.5%
Chiyoda Corp.(a)		13,000		35,947
Chudenko Corp.		2,000		30,365
COMSYS Holdings Corp.		9,000		162,237
Daiho Corp.		1,000		32,373
EXEO Group Inc.		8,000		124,177
Hazama Ando Corp.		14,000		89,308
INFRONEER Holdings Inc.		21,040		158,221
JDC Corp.		4,000		16,657
JGC Holdings Corp.		18,000		249,666
Kandenko Co. Ltd.		7,000		44,327
Kinden Corp.		10,000		107,430
Kumagai Gumi Co. Ltd.		3,000		55,538
Kyudenko Corp.		4,000		96,237
MIRAIT ONE corp.		8,000		88,293
Nippon Densetsu Kogyo Co. Ltd.		3,000		37,272
Nippon Road Co. Ltd. (The)		400		18,118
Nishimatsu Construction Co. Ltd.		3,000		85,494
Okumura Corp.		3,000		64,165
Penta-Ocean Construction Co. Ltd.		23,000		108,846
Raito Kogyo Co. Ltd.		3,000		45,219
Raiznext Corp.		2,000		18,345
Sanki Engineering Co. Ltd.		3,000		34,938
SHO-BOND Holdings Co. Ltd.		3,000		132,825
Sumitomo Densetsu Co. Ltd.		1,000		18,565
Sumitomo Mitsui Construction Co. Ltd.		12,000		36,882
Taihei Dengyo Kaisha Ltd.		1,000		23,007
Taikisha Ltd.		2,000		51,668
Takamatsu Construction Group Co. Ltd.		1,000		14,283
Toa Corp./Tokyo.		1,000		17,168
Toda Corp.		18,000		96,231
Toenec Corp.		1,000		24,936
Tokyu Construction Co. Ltd.		7,040		33,704
Totetsu Kogyo Co. Ltd.		2,000		37,189
Toyo Construction Co. Ltd.		5,000		30,435
Yokogawa Bridge Holdings Corp.		2,000		28,228
Yurtec Corp.		3,000		15,767
				2,264,061
Construction Materials — 0.4%
Maeda Kosen Co. Ltd.		1,000		23,802
Mitani Sekisan Co. Ltd.		1,000		30,822
Sumitomo Osaka Cement Co.Ltd.		3,000		70,811
Taiheiyo Cement Corp.		10,000		158,181
				283,616
Consumer Finance — 1.1%
AEON Financial Service Co. Ltd.		9,000		96,820
Aiful Corp.		26,000		77,449
Credit Saison Co. Ltd.		12,000		153,850
J Trust Co. Ltd.		5,000		19,625
Jaccs Co. Ltd.		2,000		57,103
Marui Group Co. Ltd.		15,000		256,395
Orient Corp.		4,300		37,564
				698,806

2

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

Security	Shares		Value
Containers & Packaging — 0.6%
FP Corp.		4,100	$	113,808
Fuji Seal International Inc.		3,000		41,146
Rengo Co. Ltd.		16,000		101,061
Toyo Seikan Group Holdings Ltd.		11,000		128,350
				384,365
Distributors — 0.2%
Arata Corp.		1,000		29,396
Doshisha Co. Ltd.		2,000		22,236
Paltac Corp.		3,000		94,858
				146,490
Diversified Consumer Services — 0.2%
Benesse Holdings Inc.		6,000		87,237
LITALICO Inc.		2,000		34,663
Riso Kyoiku Co. Ltd.		9,000		21,225
				143,125
Diversified Financial Services — 0.9%
eGuarantee Inc.		3,000		54,080
Financial Products Group Co. Ltd.		5,000		42,739
Fuyo General Lease Co. Ltd.		1,500		96,319
Japan Securities Finance Co. Ltd.		8,000		59,964
Mizuho Leasing Co. Ltd.		2,000		48,255
Ricoh Leasing Co. Ltd.		1,000		26,619
Tokyo Century Corp.		3,000		104,030
Zenkoku Hosho Co. Ltd.		4,000		148,936
				580,942
Diversified Telecommunication Services — 0.4%
ARTERIA Networks Corp.		2,000		18,246
Internet Initiative Japan Inc.		8,000		144,851
JTOWER Inc.(a)		1,000		49,147
Usen-Next Holdings Co. Ltd.		1,000		17,273
Vision Inc./Tokyo Japan(a)		3,000		30,393
				259,910
Electric Utilities — 1.1%
Chugoku Electric Power Co. Inc. (The)		23,000		119,850
Hokkaido Electric Power Co. Inc.		14,000		46,324
Hokuriku Electric Power Co.		14,000		54,760
Kyushu Electric Power Co. Inc.		34,000		177,917
Okinawa Electric Power Co. Inc. (The)		4,092		31,451
Shikoku Electric Power Co. Inc.		13,000		71,418
Tohoku Electric Power Co. Inc.		38,000		180,777
				682,497
Electrical Equipment — 1.3%
Daihen Corp.		2,000		59,957
Fujikura Ltd.		20,000		164,170
Furukawa Electric Co. Ltd.		6,000		114,175
GS Yuasa Corp.		5,000		79,393
Idec Corp./Japan.		2,000		48,141
Mabuchi Motor Co. Ltd.		4,000		121,149
Nippon Carbon Co. Ltd.		1,000		31,673
Nissin Electric Co. Ltd.		4,000		39,384
Nitto Kogyo Corp.		2,000		34,041
Sanyo Denki Co. Ltd.		1,000		45,567
Toyo Tanso Co. Ltd.		1,000		28,906
Ushio Inc.		8,000		104,982
				871,538
Electronic Equipment, Instruments & Components — 3.9%
Ai Holdings Corp.		3,000		48,859
Alps Alpine Co. Ltd.		16,000		153,480

Security	Shares		Value
Electronic Equipment, Instruments & Components (continued)
Amano Corp.		4,000	$	72,613
Anritsu Corp.		11,000		118,407
Canon Electronics Inc.		2,000		23,095
Canon Marketing Japan Inc.		4,000		91,007
Citizen Watch Co. Ltd.		20,000		87,825
Daiwabo Holdings Co. Ltd.		7,000		111,681
Dexerials Corp.		5,000		119,998
Hioki E.E. Corp.		1,000		50,243
Horiba Ltd.		3,000		137,887
Hosiden Corp.		4,000		47,657
Iriso Electronics Co. Ltd.		2,000		70,122
Japan Aviation Electronics Industry Ltd.		3,000		51,804
Japan Display Inc.(a)		64,000		23,005
Kaga Electronics Co. Ltd.		1,000		32,263
Koa Corp.		2,000		32,392
Macnica Holdings Inc.		3,000		76,036
Maruwa Co. Ltd./Aichi		1,000		138,966
Maxell Ltd.		4,000		41,340
Meiko Electronics Co. Ltd.		2,000		44,717
Nichicon Corp.		4,000		41,486
Nippon Ceramic Co. Ltd.		2,000		38,811
Nippon Electric Glass Co. Ltd.		7,000		129,814
Nippon Signal Company Ltd.		3,000		22,653
Nissha Co. Ltd.		3,000		38,743
Nohmi Bosai Ltd.		2,000		23,260
Oki Electric Industry Co. Ltd.		6,000		31,967
Optex Group Co. Ltd.		3,000		47,352
Restar Holdings Corp.		1,000		16,220
Riken Keiki Co. Ltd.		1,000		36,920
Ryosan Co. Ltd.		2,000		41,592
Ryoyo Electro Corp.		1,000		17,166
Siix Corp.		2,000		20,597
Taiyo Yuden Co. Ltd.		10,000		323,017
Topcon Corp.		9,000		109,748
Yokowo Co. Ltd.		1,000		17,725
				2,530,468
Energy Equipment & Services — 0.0%
Modec Inc.(a)		2,000		22,380
Entertainment — 0.9%
Avex Inc.		3,000		33,530
Bushiroad Inc.		2,000		10,955
COLOPL Inc.		5,000		25,073
Daiichikosho Co. Ltd.		3,000		89,867
DeNA Co. Ltd.		7,000		94,540
GungHo Online Entertainment Inc.		4,000		60,978
Mixi Inc.		3,000		54,029
Shochiku Co. Ltd.(a)		1,000		87,022
Toei Animation Co. Ltd.		700		75,272
Toei Co. Ltd.		500		69,153
				600,419
Equity Real Estate Investment Trusts (REITs) — 8.7%
Activia Properties Inc.		60		186,282
Advance Logistics Investment Corp.		50		53,427
Advance Residence Investment Corp.		110		275,163
AEON REIT Investment Corp.		140		162,505
Comforia Residential REIT Inc.		50		114,633
CRE Logistics REIT Inc.		40		59,774
Daiwa Office Investment Corp.		30		147,914
Daiwa Securities Living Investments Corp.		160		137,195

3

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

Security	Shares		Value
Equity Real Estate Investment Trusts (REITs) (continued)
Frontier Real Estate Investment Corp.		40	$	153,847
Fukuoka REIT Corp.		50		63,342
Global One Real Estate Investment Corp.		80		62,291
Hankyu Hanshin REIT Inc.		50		55,564
Heiwa Real Estate REIT Inc.		70		82,076
Hoshino Resorts REIT Inc.		20		100,040
Hulic Reit Inc.		110		138,008
Ichigo Office REIT Investment Corp.		100		62,263
Industrial & Infrastructure Fund Investment Corp.		160		185,284
Invincible Investment Corp.		510		177,371
Japan Excellent Inc.		100		99,335
Japan Hotel REIT Investment Corp.		380		207,202
Japan Logistics Fund Inc.		70		163,408
Japan Prime Realty Investment Corp.		70		200,387
Kenedix Office Investment Corp.		80		196,606
Kenedix Residential Next Investment Corp.		80		121,581
Kenedix Retail REIT Corp.		50		96,576
LaSalle Logiport REIT		150		176,119
Mirai Corp.		150		51,177
Mitsubishi Estate Logistics REIT Investment Corp.		40		128,024
Mitsui Fudosan Logistics Park Inc.		51		185,175
Mori Hills REIT Investment Corp.		130		152,818
Mori Trust Hotel Reit Inc.		30		29,471
Mori Trust Sogo REIT Inc.		80		85,286
Nippon Accommodations Fund Inc.		40		182,280
NIPPON REIT Investment Corp.		40		106,591
NTT UD REIT Investment Corp.		120		128,621
One REIT Inc.		20		36,743
Orix JREIT Inc.		220		309,642
Samty Residential Investment Corp.		30		26,136
Sekisui House Reit Inc.		350		205,032
SOSiLA Logistics REIT Inc.		50		49,984
Star Asia Investment Corp.		140		56,946
Starts Proceed Investment Corp.		20		34,048
Takara Leben Real Estate Investment Corp.		50		37,727
Tokyu REIT Inc.		70		109,798
United Urban Investment Corp.		250		280,696
				5,674,388
Food & Staples Retailing — 3.4%
Aeon Hokkaido Corp.		2,000		17,214
Ain Holdings Inc.		2,000		98,215
Arcs Co. Ltd.		3,000		45,877
Axial Retailing Inc.		1,000		24,818
Belc Co. Ltd.		1,000		41,691
Cawachi Ltd.		1,000		15,391
Cosmos Pharmaceutical Corp.		2,000		203,879
Create SD Holdings Co. Ltd.		2,000		44,847
Daikokutenbussan Co. Ltd.		500		19,278
Fuji Co. Ltd./Ehime		2,000		27,260
G-7 Holdings Inc.		2,000		22,344
Genky DrugStores Co. Ltd.		1,000		25,421
Halows Co. Ltd.		1,000		21,821
Heiwado Co. Ltd.		2,000		29,586
Inageya Co. Ltd.		2,000		17,252
Kato Sangyo Co. Ltd.		2,000		51,183
Kusuri no Aoki Holdings Co. Ltd.		1,400		77,482
Lawson Inc.		4,000		143,266
Life Corp.		1,000		17,959
MatsukiyoCocokara & Co.		9,000		376,010
Maxvalu Tokai Co. Ltd.		1,000		20,398

Security	Shares		Value
Food & Staples Retailing (continued)
Mitsubishi Shokuhin Co. Ltd.		1,000	$	23,675
Oisix ra daichi Inc.(a)		2,000		28,515
Retail Partners Co. Ltd.		2,000		18,058
San-A Co. Ltd.		2,000		63,469
Shoei Foods Corp.		1,000		31,237
Sugi Holdings Co. Ltd.		3,000		135,421
Sundrug Co. Ltd.		6,000		160,144
Tsuruha Holdings Inc.		3,000		194,267
United Super Markets Holdings Inc.		4,000		32,056
Valor Holdings Co. Ltd.		3,000		38,519
Yaoko Co. Ltd.		2,000		97,506
Yokorei Co. Ltd.		3,000		21,755
				2,185,814
Food Products — 3.9%
Ariake Japan Co. Ltd.		2,000		67,137
Calbee Inc.		7,000		147,782
DyDo Group Holdings Inc.		1,000		35,358
Ezaki Glico Co. Ltd.		4,000		104,374
Fuji Oil Holdings Inc.		4,000		61,620
Fujicco Co. Ltd.		2,000		27,527
Fujiya Co. Ltd.		1,000		19,157
Hokuto Corp.		2,000		27,477
House Foods Group Inc.		5,000		99,034
Itoham Yonekyu Holdings Inc.		13,000		64,804
J-Oil Mills Inc.		2,000		22,035
Kagome Co. Ltd.		6,000		133,455
Kameda Seika Co. Ltd.		1,000		31,665
Kewpie Corp.		8,000		142,568
Kotobuki Spirits Co. Ltd.		2,000		113,885
Maruha Nichiro Corp.		4,000		71,590
Megmilk Snow Brand Co. Ltd.		3,000		37,875
Mitsui DM Sugar Holdings Co. Ltd.		1,000		14,225
Morinaga & Co. Ltd./Japan		3,000		80,822
Morinaga Milk Industry Co. Ltd.		3,000		97,175
NH Foods Ltd.		7,000		188,469
Nichirei Corp.		9,000		182,114
Nippn Corp., New		4,000		46,194
Nippon Suisan Kaisha Ltd.		24,000		91,471
Nisshin Oillio Group Ltd. (The)		2,000		48,590
Prima Meat Packers Ltd.		2,000		29,735
Riken Vitamin Co. Ltd.		2,000		25,859
S Foods Inc.		1,000		21,276
Sakata Seed Corp.		2,000		68,454
Showa Sangyo Co. Ltd.		1,000		17,818
Toyo Suisan Kaisha Ltd.		7,000		294,276
Yamazaki Baking Co. Ltd.		10,000		114,954
				2,528,775
Gas Utilities — 0.5%
Nippon Gas Co. Ltd.		9,000		138,427
Saibu Gas Holdings Co. Ltd.		2,000		24,485
Shizuoka Gas Co. Ltd.		3,000		24,163
Toho Gas Co. Ltd.		6,000		118,559
				305,634
Health Care Equipment & Supplies — 1.5%
CYBERDYNE Inc.(a)		9,000		21,568
Eiken Chemical Co. Ltd.		3,000		41,754
Hogy Medical Co. Ltd.		2,000		50,894
Japan Lifeline Co. Ltd.		5,000		34,802
Jeol Ltd.		4,000		135,504

4

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

Security	Shares		Value
Health Care Equipment & Supplies (continued)
Mani Inc.		6,000	$	99,707
Menicon Co. Ltd.		5,000		107,383
Nagaileben Co. Ltd.		2,000		29,383
Nakanishi Inc.		6,000		125,788
Nihon Kohden Corp.		7,000		163,808
Nipro Corp.		12,000		89,143
Paramount Bed Holdings Co. Ltd.		3,000		58,901
PHC Holdings Corp.		2,000		23,494
				982,129
Health Care Providers & Services — 1.7%
Alfresa Holdings Corp.		14,000		170,458
Amvis Holdings Inc.		2,000		47,293
As One Corp.		2,000		90,061
BML Inc.		2,000		50,683
Elan Corp.		3,000		22,631
H.U. Group Holdings Inc.		4,000		81,129
Medipal Holdings Corp.		15,000		200,331
Ship Healthcare Holdings Inc.		6,000		121,831
Solasto Corp.		4,000		24,227
Suzuken Co. Ltd.		6,000		161,662
Toho Holdings Co. Ltd.		5,000		77,817
Tokai Corp./Gifu.		2,000		27,293
				1,075,416
Health Care Technology — 0.3%
EM Systems Co. Ltd.		3,000		21,803
JMDC Inc.		2,200		84,405
Medley Inc.(a)		2,000		61,378
				167,586
Hotels, Restaurants & Leisure — 3.4%
Airtrip Corp.(b)		1,000		19,675
Arcland Service Holdings Co. Ltd.		1,000		16,199
Atom Corp.(a)		10,000		57,118
Colowide Co. Ltd.		6,000		78,366
Create Restaurants Holdings Inc.		10,000		68,553
Curves Holdings Co. Ltd.		4,000		28,867
Doutor Nichires Holdings Co. Ltd.		3,000		36,990
Food & Life Companies Ltd.		9,000		165,901
Fuji Kyuko Co. Ltd.		2,000		72,036
Fujio Food Group Inc.		1,000		10,099
Heiwa Corp.		5,016		89,272
Hiday Hidaka Corp.		2,084		29,753
HIS Co. Ltd.(a)		4,000		59,148
Ichibanya Co. Ltd.		1,000		33,169
Kappa Create Co. Ltd.(a)		2,000		20,065
KFC Holdings Japan Ltd.		1,000		20,224
Kisoji Co. Ltd.		2,000		31,191
KOMEDA Holdings Co. Ltd.		4,000		70,253
Koshidaka Holdings Co. Ltd.		4,000		33,535
Kura Sushi Inc.		2,000		48,996
Kyoritsu Maintenance Co. Ltd.		2,080		92,925
Matsuyafoods Holdings Co. Ltd.		1,000		29,052
Monogatari Corp. (The)		1,000		51,285
MOS Food Services Inc.		2,000		46,283
Ohsho Food Service Corp.		1,000		44,107
Open Door Inc.(a)		1,000		14,516
Resorttrust Inc.		7,000		124,642
Ringer Hut Co. Ltd.		2,000		31,972
Round One Corp.		18,000		80,623
Royal Holdings Co. Ltd.		2,000		34,990

Security	Shares		Value
Hotels, Restaurants & Leisure (continued)
Saizeriya Co. Ltd.		2,000	$	41,075
Skylark Holdings Co. Ltd.(a)		19,000		220,964
Tokyotokeiba Co. Ltd.		1,000		29,511
Toridoll Holdings Corp.		4,000		78,784
Tosho Co. Ltd.		1,000		9,019
Yoshinoya Holdings Co. Ltd.		5,000		84,596
Zensho Holdings Co. Ltd.		8,000		202,313
				2,206,067
Household Durables — 2.3%
Casio Computer Co. Ltd.		16,000		158,052
Chofu Seisakusho Co. Ltd.		1,000		14,377
ES-Con Japan Ltd.		3,000		18,359
Fujitsu General Ltd.		5,000		118,588
Haseko Corp.		19,000		210,092
Ki-Star Real Estate Co. Ltd.		1,000		36,195
Nagawa Co. Ltd.		1,000		56,055
Nikon Corp.		25,000		244,443
Pressance Corp.		2,000		23,296
Rinnai Corp.		3,000		224,090
Sangetsu Corp.		3,000		45,926
Sumitomo Forestry Co. Ltd.		12,000		209,522
Tama Home Co. Ltd.		1,000		18,097
Tamron Co. Ltd.		1,000		25,399
Token Corp.		1,000		58,227
Zojirushi Corp.		3,000		35,137
				1,495,855
Household Products — 0.6%
Earth Corp.		1,000		38,865
Lion Corp.		20,000		213,994
Pigeon Corp.		10,000		149,862
				402,721
Independent Power and Renewable Electricity Producers — 0.5%
Electric Power Development Co. Ltd.		12,000		185,150
eRex Co. Ltd.		2,000		37,117
RENOVA Inc.(a)		3,000		60,239
West Holdings Corp.		2,080		67,392
				349,898
Industrial Conglomerates — 0.6%
Katakura Industries Co. Ltd.		1,000		14,402
Keihan Holdings Co. Ltd.		8,000		202,040
Mie Kotsu Group Holdings Inc.		4,000		14,348
Nisshinbo Holdings Inc.		11,000		81,800
Noritsu Koki Co. Ltd.		2,000		38,648
TOKAI Holdings Corp.		8,000		51,005
				402,243
Insurance — 0.0%
Anicom Holdings Inc.		6,000		31,997
Interactive Media & Services — 0.1%
Bengo4.com Inc.(a)		1,000		23,059
Gree Inc.		5,000		28,320
Infocom Corp.		2,000		30,093
				81,472
Internet & Direct Marketing Retail — 0.4%
ASKUL Corp.		3,000		34,689
Belluna Co. Ltd.		4,000		20,131
Demae-Can Co. Ltd.(a)		3,000		11,265
Mercari Inc.(a)		9,000		189,695
				255,780

5

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

Security	Shares		Value
IT Services — 2.6%
Argo Graphics Inc.		1,000	$	27,849
Bell System24 Holdings Inc.		3,000		29,587
BIPROGY Inc.		6,000		144,426
Change Inc.		3,000		48,565
Comture Corp.		2,000		38,477
Digital Garage Inc.		3,000		88,559
DTS Corp.		3,000		72,388
Future Corp.		4,000		49,626
GMO GlobalSign Holdings KK		400		11,876
GMO internet group Inc.		6,000		112,523
Infomart Corp.		17,000		57,818
Information Services International-Dentsu Ltd.		2,000		67,446
Kanematsu Electronics Ltd.		1,000		33,315
Mitsubishi Research Institute Inc.		1,000		37,564
NEC Networks & System Integration Corp.		6,000		72,311
NET One Systems Co. Ltd.		7,000		175,852
NS Solutions Corp.		3,000		75,596
NSD Co. Ltd.		5,000		93,759
Relia Inc.		3,000		22,546
SB Technology Corp.		1,000		15,160
SHIFT Inc.(a)		1,000		215,841
Simplex Holdings Inc.		2,000		34,534
TechMatrix Corp.		3,000		36,464
TKC Corp.		2,000		54,643
Transcosmos Inc.		2,000		47,456
Zuken Inc.		1,000		24,229
				1,688,410
Leisure Products — 0.9%
GLOBERIDE Inc.		1,000		19,736
Mizuno Corp.		2,000		42,014
Roland Corp.		1,000		29,705
Sankyo Co. Ltd.		3,000		117,384
Sega Sammy Holdings Inc.		13,000		173,362
Snow Peak Inc.		2,000		33,359
Tomy Co. Ltd.		7,000		64,326
Universal Entertainment Corp.(a)		2,000		35,434
Yonex Co. Ltd.		5,000		50,668
				565,988
Life Sciences Tools & Services — 0.1%
Shin Nippon Biomedical Laboratories Ltd.		2,000		40,017
Machinery — 6.8%
Aichi Corp.		2,000		11,692
Aida Engineering Ltd.		4,000		24,539
Amada Co. Ltd.		29,000		233,795
CKD Corp.		4,000		60,395
Daiwa Industries Ltd.		2,000		17,955
DMG Mori Co. Ltd.		9,000		121,563
Ebara Corp.		8,000		311,038
Fuji Corp./Aichi.		6,000		91,544
Fujitec Co. Ltd.		5,000		110,312
Fukushima Galilei Co. Ltd.		1,000		31,895
Furukawa Co. Ltd.		2,000		18,879
Giken Ltd.		1,000		24,106
Glory Ltd.		4,000		67,399
Harmonic Drive Systems Inc.		4,000		107,748
Hino Motors Ltd.(a)		24,000		109,072
Hirata Corp.		1,000		40,168
Hitachi Zosen Corp.		13,000		85,508
IHI Corp.		12,000		331,158

Security	Shares		Value
Machinery (continued)
Japan Steel Works Ltd. (The)		5,000	$	107,479
Kawasaki Heavy Industries Ltd.		13,000		278,581
Kitz Corp.		5,000		31,013
Kyokuto Kaihatsu Kogyo Co. Ltd.		3,000		29,926
Makino Milling Machine Co. Ltd.		2,000		67,624
Max Co. Ltd.		2,000		30,173
Meidensha Corp.		3,000		43,721
METAWATER Co. Ltd.		2,000		26,194
Mitsubishi Logisnext Co. Ltd.		2,000		13,162
Mitsuboshi Belting Ltd.		2,000		50,141
Miura Co. Ltd.		7,000		168,227
Morita Holdings Corp.		2,000		18,522
Nabtesco Corp.		9,000		226,740
Nachi-Fujikoshi Corp.		1,000		28,349
Nikkiso Co. Ltd.		4,000		29,370
Nitta Corp.		2,000		42,894
Noritake Co. Ltd./Nagoya Japan		1,000		29,553
NSK Ltd.		32,000		178,315
NTN Corp.		34,000		72,469
Obara Group Inc.		1,000		25,423
Oiles Corp.		2,096		22,855
OKUMA Corp.		2,000		76,634
Organo Corp.		2,400		49,789
OSG Corp.		7,000		99,654
Shibaura Machine Co. Ltd.		2,000		40,424
Shibuya Corp.		1,000		18,151
Shima Seiki Manufacturing Ltd.		2,000		30,792
Shinmaywa Industries Ltd.		4,000		29,616
Star Micronics Co. Ltd.		3,000		38,580
Sumitomo Heavy Industries Ltd.		9,000		191,961
Tadano Ltd.		8,000		57,599
Takeuchi Manufacturing Co. Ltd.		3,000		69,828
Takuma Co. Ltd.		5,000		46,730
THK Co. Ltd.		10,000		197,254
Tocalo Co. Ltd.		4,000		36,575
Tsubakimoto Chain Co.		2,000		46,052
Tsugami Corp.		3,000		26,268
Union Tool Co.		1,000		25,721
YAMABIKO Corp.		3,000		24,892
				4,426,017
Marine — 0.5%
Iino Kaiun Kaisha Ltd.		6,000		41,124
Kawasaki Kisen Kaisha Ltd.		13,000		249,016
NS United Kaiun Kaisha Ltd.		1,000		27,765
				317,905
Media — 0.6%
Direct Marketing MiX Inc.		2,000		21,885
Fuji Media Holdings Inc.		4,000		31,489
Kadokawa Corp.		8,016		150,551
Nippon Television Holdings Inc.		4,000		30,926
Septeni Holdings Co. Ltd.		5,000		14,446
SKY Perfect JSAT Holdings Inc.		14,000		51,958
TBS Holdings Inc.		3,000		34,399
TV Asahi Holdings Corp.		2,000		20,048
ValueCommerce Co. Ltd.		1,000		15,444
Vector Inc.		2,000		18,929
Zenrin Co. Ltd.		3,000		18,858
				408,933

6

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

Security	Shares		Value
Metals & Mining — 2.1%
Asahi Holdings Inc.		6,000	$	89,785
Daido Steel Co. Ltd.		2,000		64,710
Daiki Aluminium Industry Co. Ltd.		2,000		19,102
Dowa Holdings Co. Ltd.		5,000		166,082
Kobe Steel Ltd.		28,000		127,052
Kyoei Steel Ltd.		2,000		18,930
Maruichi Steel Tube Ltd.		5,000		103,997
Mitsubishi Materials Corp.		10,000		159,865
Mitsui Mining & Smelting Co. Ltd.		5,000		115,040
Nippon Light Metal Holdings Co. Ltd.		5,000		56,050
Nittetsu Mining Co. Ltd.		1,000		22,775
OSAKA Titanium Technologies Co. Ltd.		2,000		60,758
Pacific Metals Co. Ltd.		1,000		15,128
Sanyo Special Steel Co. Ltd.		2,000		32,549
Toho Titanium Co. Ltd.		3,000		60,441
Tokyo Steel Manufacturing Co. Ltd.		5,000		51,319
UACJ Corp.		3,014		51,286
Yamato Kogyo Co. Ltd.		3,000		103,432
Yodogawa Steel Works Ltd.		2,000		37,233
				1,355,534
Multiline Retail — 1.6%
H2O Retailing Corp.		6,035		53,673
Isetan Mitsukoshi Holdings Ltd.		28,000		270,955
Izumi Co. Ltd.		3,000		65,976
J Front Retailing Co. Ltd.		20,000		169,334
Kintetsu Department Store Co. Ltd.(a)		1,000		17,954
Ryohin Keikaku Co. Ltd.		21,000		223,917
Seria Co. Ltd.		4,000		73,422
Takashimaya Co. Ltd.		12,000		156,003
				1,031,234
Oil, Gas & Consumable Fuels — 0.8%
Cosmo Energy Holdings Co. Ltd.		6,000		168,767
Itochu Enex Co. Ltd.		4,000		29,693
Iwatani Corp.		4,000		169,096
Japan Petroleum Exploration Co. Ltd.		3,000		94,097
Mitsuuroko Group Holdings Co. Ltd.		2,000		15,497
San-Ai Obbli Co. Ltd.		4,000		37,817
				514,967
Paper & Forest Products — 0.3%
Daiken Corp.		1,000		15,614
Daio Paper Corp.		7,000		54,458
Hokuetsu Corp.		10,000		56,790
Nippon Paper Industries Co. Ltd.		8,000		56,235
Tokushu Tokai Paper Co. Ltd.		1,000		20,615
				203,712
Personal Products — 1.1%
Euglena Co. Ltd.(a)		8,000		52,833
Fancl Corp.		6,000		112,924
Mandom Corp.		3,000		31,634
Milbon Co. Ltd.		2,000		83,638
Noevir Holdings Co. Ltd.		1,000		42,617
Pola Orbis Holdings Inc.		8,000		105,068
Rohto Pharmaceutical Co. Ltd.		8,000		262,078
YA-MAN Ltd.		2,000		19,153
				709,945
Pharmaceuticals — 1.9%
Hisamitsu Pharmaceutical Co. Inc.		4,000		113,570
JCR Pharmaceuticals Co. Ltd.		5,000		70,562
Kaken Pharmaceutical Co. Ltd.		3,000		86,307

Security	Shares		Value
Pharmaceuticals (continued)
Kissei Pharmaceutical Co. Ltd.		2,000	$	37,055
KYORIN Holdings Inc.		3,000		38,738
Mochida Pharmaceutical Co. Ltd.		2,000		49,479
Santen Pharmaceutical Co. Ltd.		30,000		245,074
Sawai Group Holdings Co. Ltd.		3,000		92,893
Sosei Group Corp.(a)		6,000		83,630
Sumitomo Pharma Co., Ltd.		15,000		117,175
Taisho Pharmaceutical Holdings Co. Ltd.		3,000		122,640
Torii Pharmaceutical Co. Ltd.		1,000		21,236
Towa Pharmaceutical Co. Ltd.		2,000		30,813
Tsumura & Co.		5,000		109,571
ZERIA Pharmaceutical Co. Ltd.		2,000		32,512
				1,251,255
Professional Services — 2.8%
BayCurrent Consulting Inc.		12,000		398,819
Benefit One Inc.		6,000		95,995
BeNext-Yumeshin Group Co.		5,016		70,884
Dip Corp.		3,000		90,174
en Japan Inc.		3,000		54,094
Fullcast Holdings Co. Ltd.		2,000		45,281
Funai Soken Holdings Inc.		3,000		61,495
Insource Co. Ltd.		2,000		50,002
IR Japan Holdings Ltd.		1,000		13,393
JAC Recruitment Co. Ltd.		1,000		18,959
Link And Motivation Inc.		3,000		15,743
Management Solutions Co. Ltd.		1,000		28,397
Meitec Corp.		6,000		111,990
Nomura Co. Ltd.		7,000		52,968
Outsourcing Inc.		9,000		67,054
Pasona Group Inc.		2,000		30,377
SMS Co. Ltd.		6,000		161,137
S-Pool Inc.		5,000		34,691
TechnoPro Holdings Inc.		9,000		252,170
UT Group Co. Ltd.		2,000		40,005
Visional Inc.(a)		1,000		76,390
WDB Holdings Co. Ltd.		1,000		17,372
Weathernews Inc.		400		22,398
				1,809,788
Real Estate Management & Development — 1.9%
Aeon Mall Co. Ltd.		9,000		108,692
Goldcrest Co. Ltd.		1,000		12,885
Heiwa Real Estate Co. Ltd.		3,000		89,571
Ichigo Inc.		22,000		49,683
Katitas Co. Ltd.		4,000		93,343
Keihanshin Building Co. Ltd.		2,000		18,717
Leopalace21 Corp.(a)		14,000		31,373
Relo Group Inc.		9,000		150,003
SAMTY Co. Ltd.		2,000		33,207
SRE Holdings Corp.(a)		1,000		34,115
Starts Corp. Inc.		3,000		60,427
Sun Frontier Fudousan Co. Ltd.		2,000		17,133
TKP Corp.(a)		1,000		19,472
TOC Co. Ltd.		3,000		16,000
Tokyo Tatemono Co. Ltd.		16,000		224,655
Tokyu Fudosan Holdings Corp.		52,000		282,385
Tosei Corp.		2,000		20,509
				1,262,170
Road & Rail — 2.9%
Fukuyama Transporting Co. Ltd.		2,000		51,372

7

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

Security	Shares		Value
Road & Rail (continued)
Hamakyorex Co. Ltd.		1,000	$	25,064
Keikyu Corp.		18,000		188,903
Kyushu Railway Co.		11,000		242,621
Maruzen Showa Unyu Co. Ltd.		1,000		23,545
Nagoya Railroad Co. Ltd.		15,000		247,294
Nankai Electric Railway Co. Ltd.		9,000		197,221
Nikkon Holdings Co. Ltd.		5,000		88,667
Nishi-Nippon Railroad Co. Ltd.		5,000		102,570
Sakai Moving Service Co. Ltd.		1,000		33,551
Sankyu Inc.		4,000		144,759
Seibu Holdings Inc.		19,000		191,475
Seino Holdings Co. Ltd.		10,000		88,142
Senko Group Holdings Co. Ltd.		8,000		59,385
Sotetsu Holdings Inc.		7,000		111,941
Trancom Co. Ltd.		1,000		57,824
				1,854,334
Semiconductors & Semiconductor Equipment — 2.0%
Ferrotec Holdings Corp.		4,000		93,971
Japan Material Co. Ltd.		6,000		107,515
Megachips Corp.		1,000		19,520
Micronics Japan Co. Ltd.		2,000		21,586
Mimasu Semiconductor Industry Co. Ltd.		1,000		18,923
Mitsui High-Tec Inc.		1,600		94,692
Optorun Co. Ltd.		2,000		37,585
Rorze Corp.		1,000		62,714
RS Technologies Co. Ltd.		1,000		60,772
Sanken Electric Co. Ltd.		2,000		98,343
SCREEN Holdings Co. Ltd.		3,008		202,435
Shinko Electric Industries Co. Ltd.		6,000		170,434
Tokyo Seimitsu Co.Ltd.		3,000		96,136
Tri Chemical Laboratories Inc.		2,000		35,822
Ulvac Inc.		4,000		176,288
				1,296,736
Software — 1.6%
Alpha Systems Inc.		1,000		31,014
Appier Group Inc.(a)		4,000		48,946
Cybozu Inc.		2,000		32,977
Digital Arts Inc.		1,000		48,144
Freee KK(a)		3,000		73,673
Fuji Soft Inc.		2,000		119,472
Fukui Computer Holdings Inc.		1,000		21,567
Justsystems Corp.		3,000		73,425
Money Forward Inc.(a)		4,000		148,293
OBIC Business Consultants Co. Ltd.		3,000		103,662
PKSHA Technology Inc.(a)		1,000		13,724
Plus Alpha Consulting Co. Ltd.		1,000		22,110
Rakus Co.Ltd.		7,000		91,208
Sansan Inc.(a)		6,000		75,538
Systena Corp.		23,000		71,086
WingArc1st Inc.		2,000		32,138
				1,006,977
Specialty Retail — 2.8%
ABC-Mart Inc.		3,000		152,228
Adastria Co. Ltd.		2,000		29,357
Alpen Co. Ltd.		1,000		14,865
AOKI Holdings Inc.		3,000		15,048
ARCLANDS Corp.		2,000		21,847
Autobacs Seven Co. Ltd.		6,000		63,714
Bic Camera Inc.		8,000		73,668

Security	Shares		Value
Specialty Retail (continued)
DCM Holdings Co. Ltd.		8,000	$	66,762
EDION Corp.		7,000		63,872
Geo Holdings Corp.		2,000		28,575
IDOM Inc.		4,000		21,882
JINS Holdings Inc.		1,000		31,634
Joshin Denki Co. Ltd.		1,000		13,904
Joyful Honda Co. Ltd.		4,000		54,115
Keiyo Co. Ltd.		3,000		19,744
Kohnan Shoji Co. Ltd.		2,000		48,283
Komeri Co. Ltd.		2,000		37,757
K's Holdings Corp.		13,000		107,941
Nafco Co. Ltd.		1,000		11,257
Nextage Co. Ltd.		4,000		90,488
Nishimatsuya Chain Co. Ltd.		3,000		30,564
Nojima Corp.		5,000		51,022
PAL GROUP Holdings Co. Ltd.		2,000		35,365
Sanrio Co. Ltd.		4,000		132,608
Shimamura Co. Ltd.		2,000		181,576
T-Gaia Corp.		2,000		24,047
United Arrows Ltd.		2,000		27,640
VT Holdings Co. Ltd.		6,000		22,246
Workman Co. Ltd.		2,000		72,587
Yamada Holdings Co. Ltd.		61,000		211,418
Yellow Hat Ltd.		3,000		37,787
				1,793,801
Technology Hardware, Storage & Peripherals — 0.6%
Eizo Corp.		1,000		26,295
Elecom Co. Ltd.		4,000		42,718
Konica Minolta Inc.		38,000		158,174
MCJ Co. Ltd.		6,000		42,102
Riso Kagaku Corp.		2,000		34,817
Toshiba TEC Corp.		2,000		54,291
Wacom Co. Ltd.		13,000		62,263
				420,660
Textiles, Apparel & Luxury Goods — 1.1%
Asics Corp.		14,000		305,712
Descente Ltd.		2,000		49,523
Goldwin Inc.		2,000		138,331
Gunze Ltd.		1,000		29,056
Japan Wool Textile Co. Ltd. (The)		4,000		29,445
Seiko Group Corp.		2,000		46,468
Seiren Co. Ltd.		4,000		76,732
Wacoal Holdings Corp.		3,000		51,012
				726,279
Trading Companies & Distributors — 1.8%
Hanwa Co. Ltd.		3,000		78,744
Inaba Denki Sangyo Co. Ltd.		4,000		81,387
Inabata & Co. Ltd.		3,000		51,949
Japan Pulp & Paper Co. Ltd.		1,000		36,610
Kanamoto Co. Ltd.		3,000		49,293
Kanematsu Corp.		6,000		67,000
MARUKA FURUSATO Corp.		2,000		58,392
Nagase & Co. Ltd.		8,000		118,371
Nichiden Corp.		1,000		12,445
Nippon Steel Trading Corp.		1,044		38,909
Nishio Rent All Co. Ltd.		2,000		45,185
Sojitz Corp.		20,000		356,418
Trusco Nakayama Corp.		4,000		61,264
Wakita & Co. Ltd.		3,000		26,238

8

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

Security	Shares		Value
Trading Companies & Distributors (continued)
Yamazen Corp.		4,000	$	29,270
Yuasa Trading Co. Ltd.		1,000		26,238
				1,137,713
Transportation Infrastructure — 0.9%
Japan Airport Terminal Co. Ltd.(a)		5,000		228,174
Kamigumi Co. Ltd.		9,000		183,788
Mitsubishi Logistics Corp.		4,000		97,782
Sumitomo Warehouse Co. Ltd. (The)		4,000		58,578
				568,322
Wireless Telecommunication Services — 0.1%
Okinawa Cellular Telephone Co.		2,000		40,018
Total Long-Term Investments — 99.1%
(Cost: $82,131,684)				64,312,647
Short-Term Securities
Money Market Funds — 0.1%
BlackRock Cash Funds: Institutional, SL Agency Shares, 4.06%(c)(d)(e)		9,998		9,999

Security	Shares		Value
Money Market Funds (continued)
BlackRock Cash Funds: Treasury, SL Agency Shares, 3.64%(c)(d)		30,000	$	30,000
Total Short-Term Securities — 0.1%
(Cost: $40,001)				39,999
Total Investments — 99.2%
(Cost: $82,171,685)				64,352,646
Other Assets Less Liabilities — 0.8%				519,280
Net Assets — 100.0%			$	64,871,926

^(a) Non-income producing security.

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

^(c) Affiliate of the Fund.

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

^(e) 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	$	—	$	10,005	(a)	$	—	$	(4	)	$	(2	)	$	9,999		9,998	$	121	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		10,000		20,000	(a)		—		—			—			30,000		30,000		135			—
								$	(4	)	$	(2	)	$	39,999			$	256		$	—

^(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
Mini TOPIX Index		35	12/08/22	$	510	$	33,327

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

9

Schedule of Investments (unaudited) (continued)	iShares® MSCI Japan Small-Cap ETF
November 30, 2022

Fair Value Hierarchy as of Period End (continued)

● 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.

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	$	99,884	$	64,212,763	$	—	$	64,312,647
Money Market Funds		39,999		—		—		39,999
	$	139,883	$	64,212,763	$	—	$	64,352,646
Derivative financial instruments(a)
Assets
Futures Contracts	$	—	$	33,327	$	—	$	33,327

^(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

10