Schedule of Investments (unaudited)	iShares® MSCI Malaysia ETF
May 31, 2023	(Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Banks — 39.0%
AMMB Holdings Bhd		3,972,837	$	3,131,699
CIMB Group Holdings Bhd		15,314,112		15,985,998
Hong Leong Bank Bhd		1,556,540		6,530,133
Hong Leong Financial Group Bhd		550,200		2,064,665
Malayan Banking Bhd		12,985,681		24,330,029
Public Bank Bhd		34,844,900		28,754,309
RHB Bank Bhd		3,555,902		4,121,240
				84,918,073
Chemicals — 4.4%
Petronas Chemicals Group Bhd		6,703,400		9,515,503
Construction & Engineering — 2.0%
Gamuda Bhd		4,463,400		4,293,842
Diversified Telecommunication Services — 1.4%
Telekom Malaysia Bhd		2,748,900		3,033,817
Electric Utilities — 5.9%
Tenaga Nasional Bhd		6,196,612		12,763,291
Energy Equipment & Services — 1.7%
Dialog Group Bhd		8,101,254		3,788,122
Food Products — 12.9%
IOI Corp. Bhd		6,016,030		4,803,953
Kuala Lumpur Kepong Bhd		1,164,200		5,263,991
Nestle Malaysia Bhd		168,300		4,886,188
PPB Group Bhd		1,531,919		5,396,816
QL Resources Bhd		2,625,550		3,157,145
Sime Darby Plantation Bhd		4,964,255		4,529,257
				28,037,350
Gas Utilities — 3.1%
Petronas Gas Bhd		1,894,400		6,870,817
Health Care Equipment & Supplies — 1.3%
Top Glove Corp. Bhd(a)(b)		11,805,800		2,911,645
Health Care Providers & Services — 3.0%
IHH Healthcare Bhd		5,271,000		6,589,008
Hotels, Restaurants & Leisure — 3.9%
Genting Bhd		5,102,100		4,638,982
Genting Malaysia Bhd		7,118,100		3,868,811
				8,507,793
Industrial Conglomerates — 1.4%
HAP Seng Consolidated Bhd		147,700		115,848
Sime Darby Bhd		6,515,355		2,919,296
				3,035,144

Security	Shares		Value
Marine Transportation — 2.3%
MISC Bhd		3,204,320	$	5,064,116
Metals & Mining — 4.1%
Press Metal Aluminium Holdings Bhd		8,874,700		8,853,761
Oil, Gas & Consumable Fuels — 1.5%
Petronas Dagangan Bhd		712,500		3,260,318
Semiconductors & Semiconductor Equipment — 1.6%
Inari Amertron Bhd		6,264,700		3,415,032
Specialty Retail — 1.2%
MR DIY Group M Bhd(c)		7,890,400		2,682,635
Transportation Infrastructure — 1.2%
Malaysia Airports Holdings Bhd		1,784,400		2,670,780
Wireless Telecommunication Services — 7.9%
Axiata Group Bhd		6,601,900		3,973,407
DiGi.Com Bhd		8,425,400		8,159,533
Maxis Bhd(b)		5,621,400		5,004,970
				17,137,910
Total Long-Term Investments — 99.8%
(Cost: $150,990,750)		.		217,348,957
Short-Term Securities
Money Market Funds — 1.3%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.29%(d)(e)(f)		2,774,891		2,775,446
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.07%(d)(e)		140,000		140,000
Total Short-Term Securities — 1.3%
(Cost: $2,915,469)				2,915,446
Total Investments — 101.1%
(Cost: $153,906,219)				220,264,403
Liabilities in Excess of Other Assets — (1.1)%				(2,361,134	)
Net Assets — 100.0%			$	217,903,269

^(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 Malaysia ETF
May 31, 2023

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended May 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 08/31/22		Purchases at Cost			Proceeds from Sale		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value at 05/31/23		Shares Held at 05/31/23		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	—	$	2,759,018	(a)	$	—	$	16,451	$	(23	)	$	2,775,446		2,774,891	$	58,933	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		110,000		30,000	(a)		—		—		—			140,000		140,000		8,299			—
								$	16,451	$	(23	)	$	2,915,446			$	67,232		$	—

^(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

							Value/
					Notional		Unrealized
	Number of		Expiration		Amount		Appreciation
Description		Contracts		Date		(000)		(Depreciation)
Long Contracts
MSCI Emerging Markets Index		10		06/16/23	$	478	$	(95	)

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	$	25,635,949	$	191,713,008	$	—	$	217,348,957
Short-Term Securities
Money Market Funds		2,915,446		—		—		2,915,446
	$	28,551,395	$	191,713,008	$	—	$	220,264,403

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Malaysia ETF
May 31, 2023

Fair Value Hierarchy as of Period End (continued)

	Level 1			Level 2		Level 3		Total
Derivative Financial Instruments(a)
Liabilities
Equity Contracts	$	(95	)	$	—	$	—	$	(95	)

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

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