Schedule of Investments (unaudited)	iShares^®Emerging Markets Dividend ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security	Shares		Value

Common Stocks

Brazil — 15.5%
Auren Energia SA		2,909,885	$	8,833,467
Banco Santander Brasil SA		1,538,480		8,773,909
BB Seguridade Participacoes SA		1,273,169		9,475,469
CPFL Energia SA		1,833,317		12,019,146
Cyrela Brazil Realty SA Empreendimentos e Participacoes		2,225,443		6,654,891
Energisa SA		937,439		7,802,297
Grendene SA		5,782,523		7,449,855
JHSF Participacoes SA		9,131,672		9,264,250
Qualicorp Consultoria e Corretora de Seguros SA		4,676,952		5,813,598
Telefonica Brasil SA		632,929		5,214,249
Transmissora Alianca de Energia Eletrica SA		1,264,893		9,234,469
Vale SA		723,269		13,465,743
				104,001,343
Chile — 6.3%
CAP SA		1,050,670		9,704,392
Colbun SA		181,652,021		21,139,175
Empresas CMPC SA		6,540,932		11,247,227
				42,090,794
China — 18.1%
Agricultural Bank of China Ltd., Class H		15,165,000		5,458,384
Bank of China Ltd., Class H		15,182,000		5,779,249
BBMG Corp., Class H		27,515,000		3,586,472
China Construction Bank Corp., Class H		6,774,000		4,384,748
China Jinmao Holdings Group Ltd.		23,804,000		5,467,657
China Merchants Port Holdings Co. Ltd.		2,018,000		2,828,881
China Minsheng Banking Corp. Ltd., Class H		16,596,500		6,205,038
China Petroleum & Chemical Corp., Class H		14,590,000		7,878,151
China Shenhua Energy Co. Ltd., Class H		2,585,000		8,046,121
Chongqing Rural Commercial Bank Co. Ltd., Class H		18,552,000		6,701,862
Country Garden Holdings Co. Ltd.^(a)		9,066,000		3,401,845
Huadian Power International Corp. Ltd., Class H		21,364,000		8,551,954
Industrial & Commercial Bank of China Ltd., Class H		8,499,000		4,546,274
Lonking Holdings Ltd.		42,575,000		8,698,768
PICC Property & Casualty Co. Ltd., Class H		4,136,000		3,888,468
Poly Property Group Co. Ltd.		18,001,000		4,272,712
Shenzhen Investment Ltd.		34,856,000		6,840,736
Shimao Group Holdings Ltd.^(a)(b)(c)		15,114,500		3,488,682
Sinopec Engineering Group Co. Ltd., Class H		14,962,500		7,542,101
Sinopec Shanghai Petrochemical Co. Ltd., Class H		24,248,000		4,333,710
Sunac China Holdings Ltd.^(a)(b)(c)		11,167,000		2,291,135
Yankuang Energy Group Co. Ltd., Class H		988,000		3,177,457
Zhejiang Expressway Co. Ltd., Class H		4,800,000		4,144,938
				121,515,343
Czech Republic — 0.9%
CEZ AS^(a)		157,698		6,402,823

Greece — 1.6%
Star Bulk Carriers Corp.^(a)		463,208		10,524,086

India — 8.4%
Bharat Petroleum Corp. Ltd.		2,307,943		9,686,848
Coal India Ltd.		4,043,291		11,160,825
Indian Oil Corp. Ltd.		10,978,401		10,981,944
NMDC Ltd.		4,920,943		7,440,847
Nmdc Steel Limited, NVS		4,355,405		1,419,396
Oil India Ltd.		1,442,325		4,130,574

Security	Shares			Value

India (continued)
REC Ltd.		7,796,820	$		11,634,631
					56,455,065
Indonesia — 1.9%
Adaro Energy Indonesia Tbk PT		28,939,300			5,734,185
Hanjaya Mandala Sampoerna Tbk PT		111,702,000			7,273,974
					13,008,159
Malaysia — 4.7%
British American Tobacco Malaysia Bhd^(a)		2,683,500			7,973,047
Hartalega Holdings Bhd^(a)		13,481,000			5,106,141
Kossan Rubber Industries Bhd^(a)		34,882,200			8,608,640
Malayan Banking Bhd		4,973,900			10,201,409
					31,889,237
Philippines — 0.5%
PLDT Inc.		123,740			3,066,652

Qatar — 0.5%
Barwa Real Estate Co.		4,274,810			3,324,278

Russia — 0.0%
Federal Grid Co. Unified Energy System PJSC^(b)(c)		4,402,974,828			627
Globaltrans Investment PLC^(b)(c)(d)		3,247,697			32,477
LUKOIL PJSC^(b)		124,880			18
Magnit PJSC^(b)		163,377			23
Magnitogorsk Iron & Steel Works PJSC^(b)		14,721,471			2,097
MMC Norilsk Nickel PJSC^(b)		23,712			3
Mobile TeleSystems PJSC^(b)		2,744,644			391
Moscow Exchange MICEX-RTS PJSC^(b)(c)		2,788,700			397
Novolipetsk Steel PJSC^(b)		3,457,900			493
PhosAgro PJSC^(b)		180,278			26
PhosAgro PJSC, New^(b)		3,484			35
Rostelecom PJSC^(b)		4,681,247			667
Sberbank of Russia PJSC^(b)(c)		2,500,255			356
Severstal PAO^(b)		695,941			99
Tatneft PJSC^(b)		1,165,907			166
Unipro PJSC^(b)(c)		299,242,000			42,620
					80,495
Singapore — 1.8%
Riverstone Holdings Ltd./Singapore		24,330,300			11,978,015

South Africa — 7.2%
African Rainbow Minerals Ltd.		622,333			10,148,678
Coronation Fund Managers Ltd.		3,379,451			6,793,862
Exxaro Resources Ltd.		1,046,503			13,133,452
Kumba Iron Ore Ltd.		357,265			10,939,469
Truworths International Ltd.		1,841,837			7,019,088
					48,034,549
Taiwan — 9.5%
Asustek Computer Inc.		526,000			4,791,037
Chong Hong Construction Co. Ltd.		2,357,000			5,820,485
Huaku Development Co. Ltd.		2,296,000			6,815,371
Inventec Corp.		7,859,475			6,625,486
Merry Electronics Co. Ltd.		1,648,146			4,485,659
Radiant Opto-Electronics Corp.		2,130,000			7,301,646
Simplo Technology Co. Ltd.		534,600			5,296,232
Supreme Electronics Co. Ltd.		2,717,513			3,392,635
Systex Corp.		2,027,000			5,023,873
United Integrated Services Co. Ltd.		1,417,000			9,782,601
WPG Holdings Ltd.		2,674,280			4,263,201
					63,598,226

Schedule of Investments (unaudited) (continued)	iShares^®Emerging Markets Dividend ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security	Shares		Value

Thailand — 6.7%
Kiatnakin Phatra Bank PCL, NVDR		2,028,700	$	4,209,382
Land & Houses PCL, NVDR		17,647,800		5,303,454
Quality Houses PCL, NVDR		61,016,800		4,371,673
Sri Trang Agro-Industry PCL, NVDR		18,672,100		12,417,895
Thanachart Capital PCL, NVDR		5,337,300		6,930,846
Tisco Financial Group PCL, NVDR		2,344,200		7,293,652
Total Access Communication PCL, NVDR^(a)		2,971,400		4,470,988
				44,997,890
Turkey — 2.6%
Eregli Demir ve Celik Fabrikalari TAS^(a)		5,886,840		11,948,441
Tofas Turk Otomobil Fabrikasi AS		695,400		5,855,886
				17,804,327
United Arab Emirates — 0.5%
Dubai Islamic Bank PJSC		2,314,892		3,509,240

Total Common Stocks — 86.7%
(Cost: $757,809,390)				582,280,522

Preferred Stocks

Brazil — 13.0%
Bradespar SA, Preference Shares, NVS		2,004,531		12,596,682
Cia. de Transmissao de Energia Eletrica Paulista, Preference Shares, NVS		2,112,720		9,518,332
Cia. Energetica de Minas Gerais, Preference Shares, NVS		4,264,941		9,628,317
Gerdau SA, Preference Shares, NVS		1,939,140		12,506,637
Metalurgica Gerdau SA, Preference Shares, NVS		5,870,847		16,757,988
Petroleo Brasileiro SA, Preference Shares, NVS		1,655,922		8,504,203
Unipar Carbocloro SA, Class B, Preference Shares, NVS		757,049		12,727,097
Usinas Siderurgicas de Minas Gerais SA Usiminas, Class A, Preference Shares, NVS		2,764,605		4,645,525
				86,884,781

Security	Shares		Value

Russia — 0.0%
Transneft PJSC, Preference Shares, NVS^(b)		5,767	$	1

Total Preferred Stocks — 13.0%
(Cost: $97,349,644)				86,884,782

Total Long-Term Investments — 99.7%
(Cost: $855,159,034)				669,165,304

Short-Term Securities

Money Market Funds — 2.3%
BlackRock Cash Funds: Institutional, SL Agency Shares, 4.56%^(e)(f)(g)		15,409,337		15,418,582

Total Short-Term Securities — 2.3%
(Cost: $15,404,801)				15,418,582

Total Investments — 102.0%
(Cost: $870,563,835)				684,583,886

Liabilities in Excess of Other Assets — (2.0)%				(13,209,974	)

Net Assets — 100.0%			$	671,373,912

^(a)

All or a portion of this security is on loan.

^(b)

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

^(c)

Non-income producing security.

^(d)

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

^(e)

Affiliate of the Fund.

^(f)

Annualized 7-day yield as of period end.

^(g)

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 January 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 04/30/22		Purchases at Cost		Proceeds from Sale			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 01/31/23		Shares Held at 01/31/23	Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	24,326,856	$	—	$	(8,922,742	)^(a)	$	5,710	$	8,758	$	15,418,582	15,409,337	$	1,675,602	^(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares^(c)		380,000		—		(380,000	)^(a)		—		—		—	—		24,127			2
								$	5,710	$	8,758	$	15,418,582		$	1,699,729		$	2

^(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.

Schedule of Investments (unaudited) (continued)	iShares^®Emerging Markets Dividend ETF
January 31, 2023

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 Emerging Markets Index

03/17/23

1,619

75,256

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.

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
Assets
Investments
Long-Term Investments
Common Stocks
Brazil	$	104,001,343	$	—	$	—	$	104,001,343
Chile		32,386,402		9,704,392		—		42,090,794
China		—		115,735,526		5,779,817		121,515,343
Czech Republic		6,402,823		—		—		6,402,823
Greece		10,524,086		—		—		10,524,086
India		—		56,455,065		—		56,455,065
Indonesia		—		13,008,159		—		13,008,159
Malaysia		—		31,889,237		—		31,889,237
Philippines		—		3,066,652		—		3,066,652
Qatar		—		3,324,278		—		3,324,278
Russia		—		—		80,495		80,495
Singapore		—		11,978,015		—		11,978,015
South Africa		16,942,540		31,092,009		—		48,034,549
Taiwan		—		63,598,226		—		63,598,226
Thailand		—		44,997,890		—		44,997,890
Turkey		—		17,804,327		—		17,804,327
United Arab Emirates		—		3,509,240		—		3,509,240
Preferred Stocks		86,884,781		—		1		86,884,782
Short-Term Securities
Money Market Funds		15,418,582		—		—		15,418,582
	$	272,560,557	$	406,163,016	$	5,860,313	$	684,583,886

Schedule of Investments (unaudited) (continued)	iShares^®Emerging Markets Dividend ETF
January 31, 2023

Fair Value Hierarchy as of Period End (continued)

	Level 1		Level 2		Level 3		Total
Derivative Financial Instruments^(a)
Assets
Equity Contracts	$	75,256	$	—	$	—	$	75,256

^(a)

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

Portfolio Abbreviation

NVDR	Non-Voting Depositary Receipt
NVS	Non-Voting Shares
PJSC	Public Joint Stock Company