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

Security	Shares		Value
Common Stocks
Industrial REITs — 3.0%
FIBRA Macquarie Mexico(a)		7,143,276	$	12,118,815
PLA Administradora Industrial S. de RL de CV(b)		7,089,850		12,893,916
Prologis Property Mexico SA de CV		5,957,728		20,076,893
				45,089,624
Passenger Airlines — 0.7%
Controladora Vuela Cia. de Aviacion SAB de CV, Class A(b)(c)		7,896,912		10,892,908
Automobile Components — 0.4%
Nemak SAB de CV(a)(c)		22,758,989		5,326,599
Banks — 14.7%
Banco del Bajio SA(a)		6,417,602		20,102,851
Grupo Financiero Banorte SAB de CV, Class O		17,805,223		142,721,611
Grupo Financiero Inbursa SAB de CV, Class O(b)(c)		17,154,810		38,103,481
Regional SAB de CV		2,116,786		16,469,741
				217,397,684
Beverages — 13.0%
Arca Continental SAB de CV		3,684,146		37,245,510
Coca-Cola Femsa SAB de CV		2,569,791		21,107,181
Fomento Economico Mexicano SAB de CV		13,278,782		133,711,157
				192,063,848
Building Products — 0.3%
Grupo Rotoplas SAB de CV(b)		2,860,471		4,485,808
Capital Markets — 0.6%
Bolsa Mexicana de Valores SAB de CV		4,414,487		9,316,117
Chemicals — 1.2%
Orbia Advance Corp. SAB de CV		8,419,053		17,476,829
Construction Materials — 5.1%
Cemex SAB de CV, NVS(c)		104,532,736		62,876,833
GCC SAB de CV		1,562,728		11,952,144
				74,828,977
Consumer Finance — 0.8%
Gentera SAB de CV		10,526,658		11,312,780
Diversified Telecommunication Services — 1.0%
Operadora De Sites Mexicanos SAB de CV, Class A-1(b)		11,627,073		10,253,962
Sitios Latinoamerica SAB de CV(b)(c)		9,802,523		4,067,529
				14,321,491
Diversified REITs — 2.8%
Concentradora Fibra Danhos SA de CV(b)		4,243,654		5,318,662
Fibra Uno Administracion SA de CV		24,674,986		35,821,903
				41,140,565
Consumer Staples Distribution & Retail — 9.9%
La Comer SAB de CV(b)		4,713,171		10,199,570
Wal-Mart de Mexico SAB de CV		35,946,447		136,600,156
				146,799,726
Food Products — 5.9%
Gruma SAB de CV, Class B		1,700,520		26,136,999
Grupo Bimbo SAB de CV, Series A		10,429,657		55,753,766
Grupo Herdez SAB de CV		2,192,124		5,473,804
				87,364,569
Hotels, Restaurants & Leisure — 1.0%
Alsea SAB de CV(c)		5,030,326		14,591,330

Security	Shares		Value
Household Products — 1.7%
Kimberly-Clark de Mexico SAB de CV, Class A		12,599,806	$	25,628,414
Industrial Conglomerates — 2.6%
Alfa SAB de CV, Class A		24,850,622		15,214,666
Grupo Carso SAB de CV, Series A1		3,888,983		23,135,151
				38,349,817
Insurance — 0.9%
Qualitas Controladora SAB de CV		1,900,389		12,836,140
Media — 1.5%
Grupo Televisa SAB, CPO		19,137,897		18,327,547
Megacable Holdings SAB de CV, CPO		1,767,524		4,096,811
				22,424,358
Metals & Mining — 5.9%
Grupo Mexico SAB de CV, Series B		15,005,029		66,597,593
Industrias Penoles SAB de CV(b)(c)		1,373,606		21,019,146
				87,616,739
Pharmaceuticals — 0.5%
Genomma Lab Internacional SAB de CV, Class B		8,517,568		7,150,539
Real Estate Management & Development — 1.2%
Corp Inmobiliaria Vesta SAB de CV		5,557,496		17,631,674
Ground Transportation — 0.4%
Grupo Traxion SAB de CV(a)(b)(c)		3,216,000		6,545,085
Transportation Infrastructure — 9.2%
Grupo Aeroportuario del Centro Norte SAB de CV		2,427,611		25,142,085
Grupo Aeroportuario del Pacifico SAB de CV, Class B		2,799,786		49,536,380
Grupo Aeroportuario del Sureste SAB de CV, Class B		1,537,544		43,064,096
Promotora y Operadora de Infraestructura SAB de CV		1,966,218		18,985,247
				136,727,808
Wireless Telecommunication Services — 15.3%
America Movil SAB de CV, Series B, NVS(b)		212,239,271		226,529,337
Total Long-Term Investments — 99.6%
(Cost: $1,593,839,476)				1,473,848,766
Short-Term Securities
Money Market Funds — 0.9%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.29%(d)(e)(f)		10,099,481		10,101,501
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.07%(d)(e)		3,020,000		3,020,000
Total Short-Term Securities — 0.9%
(Cost: $13,117,548)				13,121,501
Total Investments — 100.5%
(Cost: $1,606,957,024)				1,486,970,267
Liabilities in Excess of Other Assets — (0.5)%				(6,930,038	)
Net Assets — 100.0%			$	1,480,040,229

^(a) 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.

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

^(c) Non-income producing security.

^(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 Mexico 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	$	18,525,691	$	—		$	(8,422,447	)(a)	$	3,277	$	(5,020	)	$	10,101,501		10,099,481	$	129,645	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		250,000		2,770,000	(a)		—			—		—			3,020,000		3,020,000		31,900			—
									$	3,277	$	(5,020	)	$	13,121,501			$	161,545		$	—

^(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
Mexican BOLSA Index		173		06/16/23	$	5,183	$	(140,610	)

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	$	1,473,848,766	$	—	$	—	$	1,473,848,766
Short-Term Securities
Money Market Funds		13,121,501		—		—		13,121,501
	$	1,486,970,267	$	—	$	—	$	1,486,970,267

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Mexico 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	$	(140,610	)	$	—	$	—	$	(140,610	)

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

Portfolio Abbreviation

CPO Certificates of Participation (Ordinary) 

NVS Non-Voting Shares

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