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

Security	Shares		Value
Common Stocks
Aerospace & Defense — 8.0%
Airbus SE		315,415	$	41,421,968
Dassault Aviation SA		13,106		2,223,055
Safran SA		181,871		26,415,794
Thales SA		56,213		7,835,160
				77,895,977
Automobile Components — 1.3%
Cie. Generale des Etablissements Michelin SCA		361,689		10,320,910
Valeo		109,758		2,112,175
				12,433,085
Automobiles — 0.3%
Renault SA		102,085		3,428,788
Banks — 5.2%
BNP Paribas SA		591,092		34,365,054
Credit Agricole SA		639,034		7,345,974
Societe Generale SA		387,827		9,028,794
				50,739,822
Beverages — 2.6%
Pernod Ricard SA		109,800		23,784,745
Remy Cointreau SA		12,220		1,884,234
				25,668,979
Building Products — 1.5%
Cie. de Saint-Gobain		260,650		14,475,061
Capital Markets — 0.5%
Amundi SA(a)		32,492		1,833,662
Euronext NV(a)		45,159		3,013,242
				4,846,904
Chemicals — 5.0%
Air Liquide SA		278,601		46,680,364
Arkema SA		29,859		2,608,167
				49,288,531
Construction & Engineering — 4.1%
Bouygues SA		109,269		3,505,833
Eiffage SA		38,993		4,164,169
Vinci SA		283,172		32,258,097
				39,928,099
Financial Services — 1.7%
Edenred		133,018		8,562,248
Eurazeo SE		22,756		1,556,496
Wendel SE		14,544		1,534,421
Worldline SA/France(a)(b)		126,904		4,946,534
				16,599,699
Diversified Telecommunication Services — 1.2%
Orange SA		991,033		11,836,198
Electrical Equipment — 6.5%
Legrand SA		141,984		13,458,916
Schneider Electric SE		288,676		49,940,584
				63,399,500
Entertainment — 0.3%
Bollore SE		467,338		2,998,458
Consumer Staples Distribution & Retail — 0.6%
Carrefour SA		314,981		5,797,034
Food Products — 2.1%
Danone SA		341,594		20,218,574

Security	Shares		Value
Health Care Equipment & Supplies — 3.1%
BioMerieux		22,086	$	2,219,048
EssilorLuxottica SA		154,821		28,038,570
				30,257,618
Hotels, Restaurants & Leisure — 1.1%
Accor SA		98,873		3,292,613
La Francaise des Jeux SAEM(a)		55,753		2,155,474
Sodexo SA		46,936		5,081,603
				10,529,690
Household Durables — 0.1%
SEB SA		13,353		1,259,623
Insurance — 2.8%
AXA SA		976,214		27,676,329
Retail REITs — 0.6%
Klepierre SA		115,868		2,632,974
Unibail-Rodamco-Westfield, New(b)(c)		62,150		2,859,474
				5,492,448
IT Services — 1.6%
Capgemini SE		87,717		15,302,773
Life Sciences Tools & Services — 0.9%
Eurofins Scientific SE(c)		72,174		4,769,191
Sartorius Stedim Biotech		14,671		3,867,496
				8,636,687
Machinery — 0.5%
Alstom SA		171,561		4,734,738
Media — 1.3%
Publicis Groupe SA		121,952		9,057,112
Vivendi SE		378,941		3,366,529
				12,423,641
Metals & Mining — 0.7%
ArcelorMittal SA		256,131		6,388,856
Multi-Utilities — 2.6%
Engie SA		971,833		14,613,067
Veolia Environnement SA		361,802		10,681,523
				25,294,590
Oil, Gas & Consumable Fuels — 7.3%
TotalEnergies SE		1,258,970		71,044,667
Personal Care Products — 5.6%
L’Oreal SA		128,145		54,864,767
Pharmaceuticals — 6.5%
Ipsen SA		20,009		2,319,912
Sanofi		603,792		61,603,071
				63,922,983
Professional Services — 0.9%
Bureau Veritas SA		155,979		3,963,857
Teleperformance		31,602		4,728,723
				8,692,580
Office REITs — 0.4%
Covivio		25,453		1,249,813
Gecina SA		24,302		2,496,086
				3,745,899
Semiconductors & Semiconductor Equipment — 1.6%
STMicroelectronics NV		364,406		15,861,341

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

Security	Shares		Value
Software — 1.6%
Dassault Systemes SE		355,141	$	15,657,216
Textiles, Apparel & Luxury Goods — 18.8%
Hermes International		16,852		34,375,103
Kering SA		39,610		21,177,948
LVMH Moet Hennessy Louis Vuitton SE		146,924		128,459,737
				184,012,788
Transportation Infrastructure — 0.6%
Aeroports de Paris(b)		16,014		2,440,813
Getlink SE		189,660		3,227,025
				5,667,838
Total Long-Term Investments — 99.5%
(Cost: $966,353,956)				971,021,781
Short-Term Securities
Money Market Funds — 1.4%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.29%(d)(e)(f)		5,294,837		5,295,896

Security	Shares		Value
Money Market Funds (continued)
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.07%(d)(e)		8,600,000	$	8,600,000
Total Short-Term Securities — 1.4%
(Cost: $13,896,574)				13,895,896
Total Investments — 100.9%
(Cost: $980,250,530)				984,917,677
Liabilities in Excess of Other Assets — (0.9)%				(8,891,875	)
Net Assets — 100.0%			$	976,025,802

^(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) Non-income producing security.

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

^(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.

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	$	2,434,800	$	2,862,140	(a)	$	—	$	777	$	(1,821	)	$	5,295,896	5,294,837	$	9,755	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency  Shares		7,730,000		870,000	(a)		—		—		—			8,600,000	8,600,000		238,323			9
								$	777	$	(1,821	)	$	13,895,896		$	248,078		$	9

^(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
CAC 40 10 Euro Index		74	06/16/23	$	5,632	$	(104,846	)

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

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

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
Assets
Investments
Long-Term Investments
Common Stocks	$	—	$	971,021,781		$	—	$	971,021,781
Short-Term Securities
Money Market Funds		13,895,896		—			—		13,895,896
	$	13,895,896	$	971,021,781		$	—	$	984,917,677
Derivative Financial Instruments(a)
Liabilities
Equity Contracts	$	—	$	(104,846	)	$	—	$	(104,846	)

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

3