0001752724-23-165717.txt : 20230727 0001752724-23-165717.hdr.sgml : 20230727 20230727132027 ACCESSION NUMBER: 0001752724-23-165717 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230531 FILED AS OF DATE: 20230727 DATE AS OF CHANGE: 20230727 PERIOD START: 20230831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iShares, Inc. CENTRAL INDEX KEY: 0000930667 IRS NUMBER: 510396525 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-09102 FILM NUMBER: 231117015 BUSINESS ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: (415) 670-2000 MAIL ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: iSHARES INC DATE OF NAME CHANGE: 20070126 FORMER COMPANY: FORMER CONFORMED NAME: ISHARES INC DATE OF NAME CHANGE: 20000516 FORMER COMPANY: FORMER CONFORMED NAME: WEBS INDEX FUND INC DATE OF NAME CHANGE: 19970211 0000930667 S000004266 iShares MSCI Emerging Markets ETF C000011970 iShares MSCI Emerging Markets ETF EEM NPORT-P 1 primary_doc.xml NPORT-P false 0000930667 XXXXXXXX S000004266 C000011970 iShares, Inc. 811-09102 0000930667 549300MGJZCNMJLBAJ67 400 HOWARD STREET SAN FRANCISCO 94105 800-474-2737 iShares MSCI Emerging Markets ETF S000004266 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000000000 227600.00000000 NS 2912228.73000000 0.012328373248 Long EC CORP CN N 2 N N N Emirates Telecommunications Group Co PJSC 529900XDPQPWEQ9BGB80 Emirates Telecommunications Group Co PJSC 000000000 13010692.00000000 NS 81678704.63000000 0.345771452217 Long EC CORP AE N 2 N N N Chongqing Zhifei Biological Products Co Ltd 300300DRZD9P8L2NA467 Chongqing Zhifei Biological Products Co Ltd 000000000 376476.00000000 NS 3714710.45000000 0.015725528859 Long EC CORP CN N 2 N N N Krung Thai Bank PCL 54930007ZQMYCRFQGE36 Krung Thai Bank PCL 000000000 13024100.00000000 NS 7106542.90000000 0.030084214360 Long EC CORP TH N 2 N N N Yuexiu Property Co Ltd 529900GASK6R1FD08W10 Yuexiu Property Co Ltd 000000000 4995000.00000000 NS 5410902.03000000 0.022906037273 Long EC CORP HK N 2 N N Shoprite Holdings Ltd 529900Q4O1EYP6NH5150 Shoprite Holdings Ltd 000000000 1864298.00000000 NS 18484674.80000000 0.078251398309 Long EC CORP ZA N 2 N N N China Resources Land Ltd 5299001HL0TU7X15HK51 China Resources Land Ltd 000000000 11769333.00000000 NS 44052086.84000000 0.186486234189 Long EC CORP KY N 2 N N N China National Nuclear Power Co Ltd 3003003YPVL5EMT5LZ97 China National Nuclear Power Co Ltd 000000000 4615600.00000000 NS 4564429.40000000 0.019322654409 Long EC CORP CN N 2 N N N StarPower Semiconductor Ltd N/A StarPower Semiconductor Ltd 000000000 45500.00000000 NS 1393999.26000000 0.005901233996 Long EC CORP CN N 2 N N N Anhui Gujing Distillery Co Ltd N/A Anhui Gujing Distillery Co Ltd 000000000 100285.00000000 NS 3554619.55000000 0.015047814108 Long EC CORP CN N 2 N N N Guangzhou Tinci Materials Technology Co Ltd 836800Y28XV3QK34CB65 Guangzhou Tinci Materials Technology Co Ltd 000000000 475400.00000000 NS 2733716.35000000 0.011572674622 Long EC CORP CN N 2 N N N Alpha Services and Holdings SA 5299009N55YRQC69CN08 Alpha Services and Holdings SA 000000000 8272943.00000000 NS 12269877.16000000 0.051942219987 Long EC CORP GR N 2 N N N LG Chem Ltd 988400IES4EIG7O06940 LG Chem Ltd 000000000 184240.00000000 NS 96020157.09000000 0.406483297079 Long EC CORP KR N 2 N N N Xinjiang Goldwind Science & Technology Co Ltd 529900UCUDMIZJ2ZJJ84 Xinjiang Goldwind Science & Technology Co Ltd 000000000 1396493.00000000 NS 2135583.28000000 0.009040590633 Long EC CORP CN N 2 N N N Haidilao International Holding Ltd 3003009Q8GV4VNKZWI24 Haidilao International Holding Ltd 000000000 4133000.00000000 NS 8705401.85000000 0.036852683370 Long EC CORP KY N 2 N N China Construction Bank Corp 5493001KQW6DM7KEDR62 China Construction Bank Corp 000000000 355039760.00000000 NS 227112048.77000000 0.961436194110 Long EC CORP CN N 2 N N N Li Auto Inc 2549003R73Q70J5H4I65 Li Auto Inc 000000000 4139490.00000000 NS 60065423.26000000 0.254275685722 Long EC CORP KY N 2 N N Powszechna Kasa Oszczednosci Bank Polski SA P4GTT6GF1W40CVIMFR43 Powszechna Kasa Oszczednosci Bank Polski SA 000000000 3216876.00000000 NS 24414518.84000000 0.103354279095 Long EC CORP PL N 2 N N N Eva Airways Corp 254900S1P4XOXV67GC07 Eva Airways Corp 000000000 9590000.00000000 NS 10563228.87000000 0.044717445055 Long EC CORP TW N 2 N N Public Power Corp SA 213800T9Y5XCOVRZ4Y57 Public Power Corp SA 000000000 842299.00000000 NS 8916885.11000000 0.037747958022 Long EC CORP GR N 2 N N N Samsung SDS Co Ltd N/A Samsung SDS Co Ltd 000000000 118321.00000000 NS 11076943.53000000 0.046892159564 Long EC CORP KR N 2 N N N 2023-06-29 iShares, Inc. Chuck Pulsfort Chuck Pulsfort Assistant Treasurer XXXX NPORT-EX 2 NPORT_0BIH_53353494_0523.htm

 

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

 

Security  Shares   Value 
           
Common Stocks          
           
Brazil — 3.7%          
Ambev SA   16,938,577   $48,111,662 
Atacadao SA   2,022,862    3,775,945 
B3 SA - Brasil, Bolsa, Balcao   21,006,949    55,153,955 
Banco Bradesco SA   5,395,857    14,113,698 
Banco BTG Pactual SA   4,327,747    22,435,051 
Banco do Brasil SA   3,077,484    27,066,670 
Banco Santander Brasil SA   1,304,580    7,354,382 
BB Seguridade Participacoes SA   2,399,832    14,630,872 
CCR SA   3,644,600    9,748,531 
Centrais Eletricas Brasileiras SA   4,314,395    30,019,542 
Cia. de Saneamento Basico do Estado de Sao Paulo   1,261,625    13,068,100 
Cia. Siderurgica Nacional SA   2,464,984    5,903,368 
Cosan SA   4,560,267    13,483,138 
CPFL Energia SA   883,311    5,272,043 
Energisa SA   708,876    6,153,568 
Eneva SA(a)   2,955,987    6,671,407 
Engie Brasil Energia SA   772,092    6,396,434 
Equatorial Energia SA   3,785,924    21,006,793 
Equatorial Energia SA   54,252    301,026 
Hapvida Participacoes e Investimentos SA(a)(b)   18,899,951    14,864,251 
Hypera SA   1,519,344    12,224,710 
JBS SA   2,719,503    9,005,509 
Klabin SA   2,794,073    11,554,541 
Localiza Rent a Car SA   2,681,635    32,792,982 
Localiza Rent a Car SA(a)   12,619    152,971 
Lojas Renner SA   3,511,130    13,460,958 
Magazine Luiza SA(a)   11,066,895    8,289,319 
Natura & Co. Holding SA   3,266,014    8,941,899 
Petro Rio SA(a)   2,690,752    18,133,525 
Petroleo Brasileiro SA   13,455,411    77,470,789 
Raia Drogasil SA   4,414,095    24,648,911 
Rede D’Or Sao Luiz SA(b)   2,082,648    11,904,834 
Rumo SA   4,703,906    19,304,067 
Sendas Distribuidora SA   4,384,959    9,291,449 
Suzano SA   2,785,725    24,588,486 
Telefonica Brasil SA   1,548,333    12,207,699 
Tim SA   3,143,552    8,649,988 
TOTVS SA   1,963,454    11,130,613 
Ultrapar Participacoes SA   2,668,942    8,906,469 
Vale SA   12,246,290    154,029,087 
Vibra Energia SA   4,259,337    13,508,512 
WEG SA   6,097,337    45,201,515 
         860,929,269 
Cayman Islands — 0.1%          
JD Logistics Inc.(a)(b)   7,140,600    11,417,008 
Zai Lab Ltd.(a)   3,369,960    11,003,445 
         22,420,453 
Chile — 0.4%          
Banco de Chile   165,593,786    16,743,268 
Banco de Credito e Inversiones SA   218,869    6,433,628 
Banco Santander Chile   241,459,975    10,493,011 
Cencosud SA   4,780,330    9,029,456 
Cia. Cervecerias Unidas SA   461,248    3,388,159 
Cia. Sud Americana de Vapores SA   59,558,651    4,379,372 
Empresas CMPC SA   4,159,494    7,112,177 
Empresas COPEC SA   1,405,119    10,148,019 
Enel Americas SA   79,799,922    10,289,201 

 

Security  Shares   Value 
           
Chile (continued)          
Enel Chile SA   97,351,494   $5,348,290 
Falabella SA   2,833,106    6,243,288 
         89,607,869 
China — 29.4%          
360 Security Technology Inc., Class A   1,799,406    3,520,521 
37 Interactive Entertainment Network Technology Group Co. Ltd., Class A   581,388    2,671,330 
3SBio Inc.(b)   6,816,000    6,904,269 
AAC Technologies Holdings Inc.   2,719,000    5,574,623 
Advanced Micro-Fabrication Equipment Inc., Class A(a)   166,829    4,065,414 
AECC Aviation Power Co. Ltd., Class A   640,073    3,573,045 
Agricultural Bank of China Ltd., Class A   20,696,800    10,236,652 
Agricultural Bank of China Ltd., Class H   105,359,000    39,703,785 
Aier Eye Hospital Group Co. Ltd., Class A   1,625,605    6,132,802 
Air China Ltd., Class A(a)   2,389,793    2,927,499 
Air China Ltd., Class H(a)(c)   5,594,000    4,251,946 
Akeso Inc.(a)(b)   1,844,000    8,213,069 
Alibaba Group Holding Ltd.(a)   59,622,156    593,381,858 
Alibaba Health Information Technology Ltd.(a)   17,364,000    10,306,616 
Aluminum Corp. of China Ltd., Class A   4,134,900    3,142,981 
Aluminum Corp. of China Ltd., Class H   13,528,000    5,986,644 
Anhui Conch Cement Co. Ltd., Class A   1,062,286    3,740,303 
Anhui Conch Cement Co. Ltd., Class H   4,224,000    11,212,737 
Anhui Gujing Distillery Co. Ltd., Class A   100,285    3,554,620 
Anhui Gujing Distillery Co. Ltd., Class B   401,700    6,582,098 
Anhui Kouzi Distillery Co. Ltd., Class A   173,252    1,316,530 
Anjoy Foods Group Co. Ltd., Class A   86,100    1,862,753 
ANTA Sports Products Ltd.   4,408,602    45,058,992 
Asymchem Laboratories Tianjin Co. Ltd., Class A   99,680    1,849,040 
Autohome Inc., ADR   278,325    7,965,666 
Avary Holding Shenzhen Co. Ltd., Class A   535,904    1,910,879 
AVIC Industry-Finance Holdings Co. Ltd., Class A   3,178,289    1,723,925 
AviChina Industry & Technology Co. Ltd., Class H   8,623,000    4,172,048 
AVICOPTER PLC, Class A   194,153    1,066,001 
Baidu Inc., Class A(a)   8,116,880    124,627,716 
Bank of Beijing Co. Ltd., Class A   5,592,206    3,715,103 
Bank of Chengdu Co. Ltd., Class A   1,073,395    1,894,907 
Bank of China Ltd., Class A   10,222,800    5,600,588 
Bank of China Ltd., Class H   286,601,000    112,192,060 
Bank of Communications Co. Ltd., Class A   9,650,993    7,933,418 
Bank of Communications Co. Ltd., Class H   30,487,600    19,656,874 
Bank of Hangzhou Co. Ltd., Class A   1,457,645    2,378,884 
Bank of Jiangsu Co. Ltd., Class A   3,837,710    4,001,676 
Bank of Nanjing Co. Ltd., Class A   2,548,246    3,022,203 
Bank of Ningbo Co. Ltd., Class A   1,524,479    5,273,385 
Bank of Shanghai Co. Ltd., Class A   3,990,442    3,458,871 
Baoshan Iron & Steel Co. Ltd., Class A   5,438,173    4,491,588 
BeiGene Ltd.(a)   2,465,722    41,911,580 
Beijing Capital International Airport Co. Ltd., Class H(a)   7,604,000    5,304,880 
Beijing Enlight Media Co. Ltd., Class A   1,101,995    1,364,829 
Beijing Enterprises Holdings Ltd.   1,974,000    7,628,011 
Beijing Enterprises Water Group Ltd.   16,674,000    4,089,597 
Beijing Kingsoft Office Software Inc., Class A   106,881    6,485,584 
Beijing New Building Materials PLC, Class A   469,313    1,498,105 
Beijing Shiji Information Technology Co. Ltd., Class A   497,386    1,361,331 
Beijing Tongrentang Co. Ltd., Class A   371,800    3,163,896 
Beijing United Information Technology Co. Ltd., Class A   147,700    951,478 


1

 

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

 

Security  Shares   Value 
           
China (continued)          
Beijing Wantai Biological Pharmacy Enterprise Co. Ltd., Class A   151,893   $1,983,309 
Beijing-Shanghai High Speed Railway Co. Ltd., Class A   7,134,200    5,783,741 
Betta Pharmaceuticals Co. Ltd., Class A   161,943    1,282,475 
BGI Genomics Co. Ltd., Class A   164,700    1,364,006 
Bilibili Inc., Class Z(a)   703,614    11,072,378 
BOC Aviation Ltd.(b)   806,100    5,918,809 
BOE Technology Group Co. Ltd., Class A   9,386,300    5,239,131 
Bosideng International Holdings Ltd.   13,966,000    5,798,416 
BYD Co. Ltd., Class A   438,612    15,676,195 
BYD Co. Ltd., Class H   3,566,500    107,699,290 
BYD Electronic International Co. Ltd.   2,816,500    8,198,478 
C&D International Investment Group Ltd.   2,316,000    5,818,104 
Caitong Securities Co. Ltd., Class A   2,134,874    2,242,537 
Cambricon Technologies Corp. Ltd., Class A(a)   90,354    3,226,960 
CGN Power Co. Ltd., Class H(b)   41,130,000    9,884,925 
Changchun High & New Technology Industry Group Inc., Class A   108,094    2,422,069 
Changjiang Securities Co. Ltd., Class A   2,715,835    2,293,146 
Changzhou Xingyu Automotive Lighting Systems Co. Ltd., Class A   94,000    1,398,953 
Chaozhou Three-Circle Group Co. Ltd., Class A   608,130    2,575,585 
China Cinda Asset Management Co. Ltd., Class H   35,011,000    3,888,600 
China CITIC Bank Corp. Ltd., Class H   32,495,800    17,105,478 
China Coal Energy Co. Ltd., Class H   7,696,000    5,818,829 
China Communications Services Corp. Ltd., Class H   9,274,000    4,410,538 
China Conch Venture Holdings Ltd.   4,992,000    6,270,783 
China Construction Bank Corp., Class A   2,815,268    2,532,064 
China Construction Bank Corp., Class H   345,752,760    221,171,335 
China CSSC Holdings Ltd., Class A   1,176,300    4,759,739 
China Eastern Airlines Corp. Ltd., Class A(a)   3,151,797    2,068,427 
China Energy Engineering Corp. Ltd., Class A   7,654,452    2,580,751 
China Everbright Bank Co. Ltd., Class A   11,014,403    4,874,574 
China Everbright Bank Co. Ltd., Class H   9,240,000    2,843,101 
China Everbright Environment Group Ltd.   14,144,813    5,528,966 
China Evergrande Group(a)(c)(d)   13,878,388    1,207,652 
China Feihe Ltd.(b)   13,360,000    7,770,146 
China Galaxy Securities Co. Ltd., Class A   1,257,000    2,006,075 
China Galaxy Securities Co. Ltd., Class H   12,099,500    6,521,563 
China Gas Holdings Ltd.   10,128,400    11,486,723 
China Greatwall Technology Group Co. Ltd., Class A   1,109,873    1,877,649 
China Hongqiao Group Ltd.   8,925,500    6,334,287 
China International Capital Corp. Ltd., Class A   418,700    2,450,224 
China International Capital Corp. Ltd., Class H(b)   5,616,000    10,273,182 
China Jinmao Holdings Group Ltd.   20,884,000    2,988,985 
China Jushi Co. Ltd., Class A   1,145,540    2,193,659 
China Lesso Group Holdings Ltd.   4,323,000    2,858,398 
China Life Insurance Co. Ltd., Class A   824,712    4,327,434 
China Life Insurance Co. Ltd., Class H   26,470,000    44,708,908 
China Literature Ltd.(a)(b)   1,481,800    5,605,648 
China Longyuan Power Group Corp. Ltd., Class H   12,269,000    13,771,944 
China Medical System Holdings Ltd.   5,035,000    7,088,675 
China Meidong Auto Holdings Ltd.   2,548,000    3,279,143 
China Mengniu Dairy Co. Ltd.   11,555,000    44,910,168 
China Merchants Bank Co. Ltd., Class A   4,680,389    21,245,689 
China Merchants Bank Co. Ltd., Class H   13,887,467    64,578,821 
China Merchants Energy Shipping Co. Ltd., Class A   2,110,900    1,692,163 

 

Security  Shares   Value 
           
China (continued)          
China Merchants Port Holdings Co. Ltd.   5,272,000   $7,647,557 
China Merchants Securities Co. Ltd., Class A   2,059,579    4,024,188 
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A   1,764,690    3,148,476 
China Minsheng Banking Corp. Ltd., Class A   10,417,655    5,795,018 
China Minsheng Banking Corp. Ltd., Class H   19,300,548    7,637,951 
China National Building Material Co. Ltd., Class H   14,096,000    7,977,631 
China National Chemical Engineering Co. Ltd., Class A   1,792,067    2,152,908 
China National Nuclear Power Co. Ltd., Class A   4,798,500    4,745,302 
China Northern Rare Earth Group High-Tech Co. Ltd., Class A   906,354    3,038,532 
China Oilfield Services Ltd., Class H   6,588,000    6,707,671 
China Overseas Land & Investment Ltd.   13,833,960    28,073,882 
China Overseas Property Holdings Ltd.   4,860,000    4,459,419 
China Pacific Insurance Group Co. Ltd., Class A   1,825,007    7,143,610 
China Pacific Insurance Group Co. Ltd., Class H   9,136,600    23,126,399 
China Petroleum & Chemical Corp., Class A   8,491,689    7,585,722 
China Petroleum & Chemical Corp., Class H   88,182,800    55,529,797 
China Power International Development Ltd.   18,455,000    7,028,962 
China Railway Group Ltd., Class A   5,119,200    5,682,878 
China Railway Group Ltd., Class H   14,490,000    9,547,967 
China Resources Beer Holdings Co. Ltd.   5,898,000    37,231,477 
China Resources Cement Holdings Ltd.   9,352,000    3,405,872 
China Resources Gas Group Ltd.   3,448,500    11,353,673 
China Resources Land Ltd.   11,637,333    43,558,017 
China Resources Microelectronics Ltd., Class A   377,093    3,149,908 
China Resources Mixc Lifestyle Services Ltd.(b)   2,475,400    11,270,156 
China Resources Pharmaceutical Group Ltd.(b)   5,529,000    5,308,132 
China Resources Power Holdings Co. Ltd.   7,098,999    16,390,438 
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A   320,199    2,938,691 
China Ruyi Holdings Ltd.(a)(c)   21,444,000    4,792,913 
China Shenhua Energy Co. Ltd., Class A   1,674,939    6,643,577 
China Shenhua Energy Co. Ltd., Class H   12,038,500    38,057,467 
China Southern Airlines Co. Ltd., Class A(a)   3,344,600    2,947,157 
China Southern Airlines Co. Ltd., Class H(a)(c)   6,062,000    3,491,180 
China State Construction Engineering Corp. Ltd., Class A   9,732,471    8,068,251 
China State Construction International Holdings Ltd.   7,606,000    8,604,063 
China Taiping Insurance Holdings Co. Ltd.   5,331,860    5,549,660 
China Three Gorges Renewables Group Co. Ltd., Class A   7,053,325    5,378,991 
China Tourism Group Duty Free Corp. Ltd., Class A   463,332    8,017,808 
China Tourism Group Duty Free Corp. Ltd., Class H(a)(b)(c)237,200    3,776,935 
China Tower Corp. Ltd., Class H(b)   162,630,000    17,861,937 
China Traditional Chinese Medicine Holdings Co. Ltd.   10,558,000    5,077,668 
China United Network Communications Ltd., Class A   7,889,700    5,453,961 
China Vanke Co. Ltd., Class A   2,271,366    4,552,408 
China Vanke Co. Ltd., Class H   7,601,531    10,041,278 
China Yangtze Power Co. Ltd., Class A   5,274,615    16,677,155 
China Zhenhua Group Science & Technology Co. Ltd., Class A   166,700    2,160,017 
China Zheshang Bank Co. Ltd., Class A   5,452,100    2,198,683 
Chinasoft International Ltd.   10,300,000    6,145,000 
Chongqing Brewery Co. Ltd., Class A   133,000    1,666,885 
Chongqing Changan Automobile Co. Ltd., Class A   1,944,617    3,271,005 


2

 

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

 

Security  Shares   Value 
           
China (continued)          
Chongqing Zhifei Biological Products Co. Ltd., Class A   374,076   $3,691,030 
Chow Tai Fook Jewellery Group Ltd.   7,205,800    12,754,641 
CITIC Ltd.   21,350,000    24,649,334 
CITIC Securities Co. Ltd., Class A   3,125,393    8,802,984 
CITIC Securities Co. Ltd., Class H   6,442,600    11,862,988 
CMOC Group Ltd., Class A   5,435,298    4,005,338 
CMOC Group Ltd., Class H   11,841,000    6,192,014 
Contemporary Amperex Technology Co. Ltd., Class A   974,134    30,295,237 
COSCO SHIPPING Energy Transportation Co. Ltd., Class A(a)   975,400    1,533,559 
COSCO SHIPPING Energy Transportation Co. Ltd., Class H(a)   4,688,000    3,957,331 
COSCO SHIPPING Holdings Co. Ltd., Class A   2,994,564    4,392,356 
COSCO SHIPPING Holdings Co. Ltd., Class H   11,539,849    10,168,631 
COSCO SHIPPING Ports Ltd.   5,998,000    3,776,531 
Country Garden Holdings Co. Ltd.(c)   45,001,939    8,292,634 
Country Garden Services Holdings Co. Ltd.   8,015,000    9,343,356 
CRRC Corp. Ltd., Class A   6,723,400    6,649,507 
CRRC Corp. Ltd., Class H   14,971,000    9,270,577 
CSC Financial Co. Ltd., Class A   1,164,933    4,153,658 
CSPC Pharmaceutical Group Ltd.   32,542,479    28,352,117 
Dali Foods Group Co. Ltd.(b)   8,396,000    2,800,554 
Daqin Railway Co. Ltd., Class A   3,842,500    4,123,454 
Daqo New Energy Corp., ADR(a)(c)   218,406    7,851,696 
DHC Software Co. Ltd., Class A   1,979,298    2,049,290 
Dongfang Electric Corp. Ltd., Class A   749,900    1,895,923 
Dongfeng Motor Group Co. Ltd., Class H   10,700,000    4,633,671 
Dongxing Securities Co. Ltd., Class A   1,944,197    2,237,252 
Dongyue Group Ltd.   5,565,000    4,866,756 
East Money Information Co. Ltd., Class A   3,624,798    7,150,448 
Ecovacs Robotics Co. Ltd., Class A   160,853    1,564,744 
ENN Energy Holdings Ltd.   2,894,700    33,710,818 
Eve Energy Co. Ltd., Class A   468,453    4,216,746 
Everbright Securities Co. Ltd., Class A   963,483    2,144,031 
Fangda Carbon New Material Co. Ltd., Class A(a)   1,823,434    1,618,815 
Far East Horizon Ltd.(c)   5,341,000    4,475,376 
First Capital Securities Co. Ltd., Class A   2,391,800    1,972,616 
Flat Glass Group Co. Ltd., Class A   446,600    2,025,741 
Flat Glass Group Co. Ltd., Class H   1,539,000    4,327,824 
Focus Media Information Technology Co. Ltd., Class A   3,677,178    3,320,425 
Foshan Haitian Flavouring & Food Co. Ltd., Class A   884,880    7,524,946 
Fosun International Ltd.   9,412,500    6,207,907 
Foxconn Industrial Internet Co. Ltd., Class A   2,340,097    5,935,656 
Fuyao Glass Industry Group Co. Ltd., Class A   486,972    2,219,922 
Fuyao Glass Industry Group Co. Ltd., Class H(b)   2,235,200    8,140,199 
Ganfeng Lithium Co. Ltd., Class H(b)(c)   1,320,480    8,358,337 
Ganfeng Lithium Group Co. Ltd., Class A   498,973    4,355,840 
GCL-Poly Energy Holdings Ltd.(a)(c)   74,056,000    16,082,110 
GD Power Development Co. Ltd., Class A(a)   4,735,500    2,713,640 
GDS Holdings Ltd., Class A(a)   3,374,000    4,125,442 
Geely Automobile Holdings Ltd.   21,933,000    25,551,835 
GEM Co. Ltd., Class A   2,527,300    2,370,843 
Gemdale Corp., Class A   1,054,830    1,075,169 
Genscript Biotech Corp.(a)   4,336,000    9,614,027 
GF Securities Co. Ltd., Class A   1,410,694    2,956,074 
GF Securities Co. Ltd., Class H   3,869,200    5,380,502 
GigaDevice Semiconductor Inc., Class A   171,994    2,676,847 

 

Security  Shares   Value 
           
China (continued)          
Ginlong Technologies Co. Ltd., Class A(a)   105,400   $1,479,436 
GoerTek Inc., Class A   853,800    2,204,142 
Gotion High-tech Co. Ltd., Class A   486,323    1,818,533 
Great Wall Motor Co. Ltd., Class A   621,800    1,973,700 
Great Wall Motor Co. Ltd., Class H(c)   8,302,500    8,533,437 
Gree Electric Appliances Inc. of Zhuhai, Class A   716,200    3,322,301 
Greentown China Holdings Ltd.   3,501,000    3,289,802 
Greentown Service Group Co. Ltd.(c)   4,902,000    2,651,438 
Guangdong Haid Group Co. Ltd., Class A   424,227    2,754,641 
Guangdong Investment Ltd.   11,068,110    9,432,072 
Guanghui Energy Co. Ltd., Class A   1,782,200    1,816,700 
Guangzhou Automobile Group Co. Ltd., Class A   1,261,200    1,805,909 
Guangzhou Automobile Group Co. Ltd., Class H   10,971,838    6,295,872 
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A   592,096    2,988,299 
Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A   133,784    1,298,624 
Guangzhou Shiyuan Electronic Technology Co. Ltd., Class A   191,791    1,672,210 
Guangzhou Tinci Materials Technology Co. Ltd., Class A   471,800    2,713,015 
Guosen Securities Co. Ltd., Class A   2,339,451    3,027,244 
Guotai Junan Securities Co. Ltd., Class A   2,248,040    4,672,968 
H World Group Ltd., ADR(a)   710,382    26,014,189 
Haidilao International Holding Ltd.(a)(b)(c)   5,940,000    12,511,514 
Haier Smart Home Co. Ltd., Class A   1,695,841    5,118,148 
Haier Smart Home Co. Ltd., Class H   8,366,600    23,930,322 
Hainan Airlines Holding Co. Ltd., Class A   6,713,700    1,613,043 
Haitian International Holdings Ltd.   2,330,000    5,294,567 
Haitong Securities Co. Ltd., Class A   3,081,100    4,072,508 
Haitong Securities Co. Ltd., Class H   8,994,000    5,973,740 
Hangzhou First Applied Material Co. Ltd., Class A   490,992    2,113,999 
Hangzhou Robam Appliances Co. Ltd., Class A   337,464    1,107,814 
Hangzhou Silan Microelectronics Co. Ltd., Class A   409,000    1,835,141 
Hangzhou Tigermed Consulting Co. Ltd., Class A   138,600    1,576,535 
Hangzhou Tigermed Consulting Co. Ltd., Class H(b)   402,300    3,009,905 
Hansoh Pharmaceutical Group Co. Ltd.(b)   4,448,000    7,403,245 
Henan Shuanghui Investment & Development Co. Ltd., Class A   879,600    3,039,252 
Hengan International Group Co. Ltd.   2,424,500    10,307,829 
Hengli Petrochemical Co. Ltd., Class A   1,748,291    3,877,366 
Hengyi Petrochemical Co. Ltd., Class A   1,529,549    1,440,979 
Hithink RoyalFlush Information Network Co. Ltd., Class A   132,700    2,999,826 
Hoshine Silicon Industry Co. Ltd., Class A   194,500    1,841,050 
Hoyuan Green Energy Co. Ltd., Class A   120,380    1,305,632 
Hua Hong Semiconductor Ltd.(a)(b)   2,214,000    7,167,863 
Huadong Medicine Co. Ltd., Class A   487,405    2,667,772 
Huafon Chemical Co. Ltd., Class A   2,662,600    2,513,529 
Hualan Biological Engineering Inc., Class A   655,183    2,071,433 
Huaneng Power International Inc., Class A(a)   2,332,000    3,336,655 
Huaneng Power International Inc., Class H(a)   14,872,000    9,558,798 
Huatai Securities Co. Ltd., Class A   2,258,809    4,293,253 
Huatai Securities Co. Ltd., Class H(b)   4,115,600    5,148,657 
Huaxia Bank Co. Ltd., Class A   3,703,160    3,006,235 
Huaxin Cement Co. Ltd., Class A   449,806    803,636 
Huayu Automotive Systems Co. Ltd., Class A   852,468    2,091,494 
Huizhou Desay Sv Automotive Co. Ltd., Class A   144,600    2,309,803 
Hundsun Technologies Inc., Class A   544,544    3,248,380 
Hygeia Healthcare Holdings Co. Ltd.(a)(b)(c)   1,264,400    7,418,826 


3

 

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

 

Security  Shares   Value 
           
China (continued)          
Iflytek Co. Ltd., Class A   607,719   $5,102,145 
Imeik Technology Development Co. Ltd., Class A   64,400    4,082,319 
Industrial & Commercial Bank of China Ltd., Class A   14,859,862    10,082,575 
Industrial & Commercial Bank of China Ltd., Class H   201,935,085    107,841,451 
Industrial Bank Co. Ltd., Class A   4,697,842    10,929,570 
Industrial Securities Co. Ltd., Class A   2,693,476    2,315,869 
Ingenic Semiconductor Co. Ltd., Class A   133,300    1,769,746 
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A   12,285,200    3,159,809 
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A   4,052,400    2,499,506 
Inner Mongolia Yili Industrial Group Co. Ltd., Class A   1,558,370    6,316,515 
Inner Mongolia Yitai Coal Co. Ltd., Class B   4,269,200    5,507,652 
Innovent Biologics Inc.(a)(b)(c)   4,158,500    19,509,796 
Inspur Electronic Information Industry Co. Ltd., Class A   393,790    2,463,402 
iQIYI Inc., ADR(a)   1,591,689    6,462,257 
JA Solar Technology Co. Ltd., Class A   763,660    3,868,009 
Jafron Biomedical Co. Ltd., Class A   266,456    1,035,021 
JCET Group Co. Ltd., Class A   586,200    2,567,514 
JD Health International Inc.(a)(b)   4,046,650    24,960,204 
JD.com Inc., Class A   8,428,504    137,313,824 
Jiangsu Eastern Shenghong Co. Ltd., Class A   1,526,600    2,497,364 
Jiangsu Expressway Co. Ltd., Class H   5,078,000    4,913,041 
Jiangsu GoodWe Power Supply Technology Co. Ltd., Class A, NVS   39,453    1,292,459 
Jiangsu Hengli Hydraulic Co. Ltd., Class A   359,588    2,757,825 
Jiangsu Hengrui Medicine Co. Ltd., Class A   1,505,941    9,636,636 
Jiangsu King’s Luck Brewery JSC Ltd., Class A   358,286    2,805,504 
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A   355,750    6,723,090 
Jiangsu Zhongtian Technology Co. Ltd., Class A   845,824    1,725,521 
Jiangxi Copper Co. Ltd., Class A   1,077,300    2,801,447 
Jiangxi Copper Co. Ltd., Class H   3,949,000    5,949,989 
Jinko Solar Co. Ltd., Class A   1,423,051    2,545,286 
JiuGui Liquor Co. Ltd., Class A   95,400    1,273,244 
Jiumaojiu International Holdings Ltd.(b)(c)   3,313,000    5,680,589 
Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd., Class A   314,133    1,602,432 
JOYY Inc., ADR   170,453    4,227,234 
Juewei Food Co. Ltd., Class A   202,014    1,084,835 
Kanzhun Ltd., ADR(a)   665,616    9,232,094 
KE Holdings Inc., ADR(a)(c)   2,384,431    33,954,297 
Kingboard Holdings Ltd.   2,565,000    6,911,202 
Kingboard Laminates Holdings Ltd.   3,759,500    3,440,526 
Kingdee International Software Group Co. Ltd.(a)   9,942,000    13,216,771 
Kingsoft Corp. Ltd.   3,480,000    12,651,430 
Koolearn Technology Holding Ltd.(a)(b)(c)   1,472,000    5,473,225 
Kuaishou Technology(a)(b)   8,332,400    56,541,969 
Kunlun Energy Co. Ltd.   14,434,000    11,513,211 
Kunlun Tech Co. Ltd., Class A   260,600    2,100,618 
Kweichow Moutai Co. Ltd., Class A   274,187    62,837,684 
LB Group Co. Ltd., Class A   852,700    1,880,987 
Legend Biotech Corp., ADR(a)(c)   208,603    13,386,055 
Lenovo Group Ltd.   26,558,000    24,966,100 
Lens Technology Co. Ltd., Class A   1,456,400    2,380,437 
Lepu Medical Technology Beijing Co. Ltd., Class A   589,370    2,042,959 
Li Auto Inc., Class A(a)(c)   4,069,990    59,056,954 
Li Ning Co. Ltd.   8,575,500    46,076,333 

 

Security  Shares   Value 
           
China (continued)          
Lingyi iTech Guangdong Co., Class A(a)   2,887,780   $2,552,505 
Longfor Group Holdings Ltd.(b)(c)   6,896,500    13,281,013 
LONGi Green Energy Technology Co. Ltd., Class A   1,731,971    7,010,459 
Lufax Holding Ltd., ADR   2,522,745    3,229,114 
Luxshare Precision Industry Co. Ltd., Class A   1,649,346    6,328,246 
Luzhou Laojiao Co. Ltd., Class A   334,039    9,598,667 
Mango Excellent Media Co. Ltd., Class A   463,400    1,907,068 
Maxscend Microelectronics Co. Ltd., Class A   139,344    1,735,930 
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A(a)   1,402,680    1,257,262 
Meituan, Class B(a)(b)   18,241,000    256,126,928 
Metallurgical Corp. of China Ltd., Class A   5,094,590    2,884,421 
Microport Scientific Corp.(a)(c)   2,978,900    5,124,259 
Ming Yang Smart Energy Group Ltd., Class A   587,600    1,449,787 
MINISO Group Holding Ltd., ADR   344,546    5,237,099 
Minth Group Ltd.   2,854,000    7,139,724 
Montage Technology Co. Ltd., Class A   298,600    2,674,756 
Muyuan Foods Co. Ltd., Class A   1,256,839    7,077,918 
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd., Class A   664,553    1,262,895 
NARI Technology Co. Ltd., Class A   1,674,645    6,451,285 
NAURA Technology Group Co. Ltd., Class A   126,400    5,393,774 
NavInfo Co. Ltd., Class A   782,600    1,290,537 
NetEase Inc.   7,116,550    121,044,275 
New China Life Insurance Co. Ltd., Class A   605,902    3,132,726 
New China Life Insurance Co. Ltd., Class H   2,733,300    7,069,653 
New Hope Liuhe Co. Ltd., Class A(a)   1,441,597    2,284,518 
New Oriental Education & Technology Group Inc.(a)   5,558,200    21,020,194 
Nine Dragons Paper Holdings Ltd.(c)   6,625,000    3,674,181 
Ninestar Corp., Class A   458,338    2,518,925 
Ningbo Deye Technology Co. Ltd., Class A, NVS   115,200    2,192,575 
Ningbo Joyson Electronic Corp., Class A   461,700    1,027,959 
Ningbo Orient Wires & Cables Co. Ltd., Class A   172,800    1,189,762 
Ningbo Shanshan Co. Ltd., Class A   756,800    1,568,946 
Ningbo Tuopu Group Co. Ltd., Class A   286,300    2,338,712 
Ningxia Baofeng Energy Group Co. Ltd., Class A   1,925,900    3,287,851 
NIO Inc., ADR(a)(c)   4,964,176    37,380,245 
Nongfu Spring Co. Ltd., Class H(b)   6,419,800    34,420,301 
Oppein Home Group Inc., Class A   137,300    1,829,080 
Orient Overseas International Ltd.   485,000    5,908,725 
Orient Securities Co. Ltd., Class A   2,086,134    2,898,645 
Ovctek China Inc., Class A   271,600    1,066,936 
Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A(a)   2,200,789    1,231,174 
People’s Insurance Co. Group of China Ltd. (The), Class A   3,300,900    2,837,847 
People’s Insurance Co. Group of China Ltd. (The), Class H   27,362,000    10,345,911 
Perfect World Co. Ltd., Class A   588,900    1,519,911 
PetroChina Co. Ltd., Class A   4,861,500    5,120,937 
PetroChina Co. Ltd., Class H   76,020,000    49,138,504 
Pharmaron Beijing Co. Ltd., Class A   269,000    1,746,836 
Pharmaron Beijing Co. Ltd., Class H(b)   697,400    2,575,695 
PICC Property & Casualty Co. Ltd., Class H   24,899,192    29,702,514 
Pinduoduo Inc., ADR(a)(c)   1,825,175    119,220,431 
Ping An Bank Co. Ltd., Class A   4,344,167    7,088,856 
Ping An Healthcare and Technology Co. Ltd.(a)(b)   1,986,800    4,595,844 
Ping An Insurance Group Co. of China Ltd., Class A   2,567,084    16,954,339 


4

 

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

 

Security  Shares   Value 
           
China (continued)          
Ping An Insurance Group Co. of China Ltd., Class H   22,842,000   $144,959,571 
Poly Developments and Holdings Group Co. Ltd., Class A   2,722,784    4,875,126 
Pop Mart International Group Ltd.(b)(c)   1,763,000    3,876,376 
Postal Savings Bank of China Co. Ltd., Class A   6,595,200    4,762,223 
Postal Savings Bank of China Co. Ltd., Class H(b)   28,273,000    17,764,158 
Power Construction Corp. of China Ltd., Class A   3,928,300    3,658,492 
Pylon Technologies Co. Ltd., Class A, NVS   52,362    1,453,420 
Qifu Technology Inc.   416,540    5,727,425 
Qinghai Salt Lake Industry Co. Ltd., Class A(a)   1,248,500    3,297,884 
Rongsheng Petrochemical Co. Ltd., Class A   2,502,358    4,080,628 
SAIC Motor Corp. Ltd., Class A   1,911,406    3,604,030 
Sanan Optoelectronics Co. Ltd., Class A   1,087,200    3,016,924 
Sangfor Technologies Inc., Class A   119,800    2,097,856 
Sany Heavy Equipment International Holdings Co. Ltd.   4,306,000    5,681,560 
Sany Heavy Industry Co. Ltd., Class A   2,050,752    4,232,898 
Satellite Chemical Co. Ltd., Class A   1,054,484    1,877,928 
SDIC Power Holdings Co. Ltd., Class A   1,624,400    3,010,409 
Seazen Holdings Co. Ltd., Class A(a)   492,573    968,075 
SF Holding Co. Ltd., Class A   1,114,835    7,423,462 
SG Micro Corp., Class A   101,786    1,550,878 
Shaanxi Coal Industry Co. Ltd., Class A   2,475,776    5,831,058 
Shandong Gold Mining Co. Ltd., Class A   1,203,736    4,276,798 
Shandong Gold Mining Co. Ltd., Class H(b)   2,426,250    4,631,412 
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A   656,680    2,691,520 
Shandong Linglong Tyre Co. Ltd., Class A   486,400    1,456,017 
Shandong Weigao Group Medical Polymer Co. Ltd., Class H   9,339,600    13,790,483 
Shanghai Bairun Investment Holding Group Co. Ltd., Class A   341,672    1,633,869 
Shanghai Baosight Software Co. Ltd., Class A   438,080    3,264,402 
Shanghai Baosight Software Co. Ltd., Class B   1,911,031    6,353,624 
Shanghai Construction Group Co. Ltd., Class A   3,143,152    1,166,190 
Shanghai Electric Group Co. Ltd., Class A(a)   4,590,691    3,114,870 
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A   535,500    2,345,867 
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H   1,780,500    4,849,543 
Shanghai Fudan Microelectronics Group Co. Ltd., Class A   252,303    2,022,068 
Shanghai Fudan Microelectronics Group Co. Ltd., Class H   941,000    2,526,418 
Shanghai International Airport Co. Ltd., Class A(a)   326,798    2,140,416 
Shanghai International Port Group Co. Ltd., Class A   2,839,989    2,102,514 
Shanghai Junshi Biosciences Co. Ltd., Class A(a)   161,600    1,031,521 
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class B   4,068,478    2,429,622 
Shanghai M&G Stationery Inc., Class A   273,737    1,635,121 
Shanghai Pharmaceuticals Holding Co. Ltd., Class A   775,800    2,556,243 
Shanghai Pharmaceuticals Holding Co. Ltd., Class H   2,756,500    5,493,610 
Shanghai Pudong Development Bank Co. Ltd., Class A   6,957,195    7,185,738 
Shanghai Putailai New Energy Technology Co. Ltd., Class A   538,666    2,685,501 
Shanghai RAAS Blood Products Co. Ltd., Class A   2,558,800    2,415,980 
Shanghai Rural Commercial Bank Co. Ltd.   2,579,600    2,138,544 

 

Security  Shares   Value 
           
China (continued)          
Shanxi Coking Coal Energy Group Co. Ltd., Class A   1,318,500   $1,824,403 
Shanxi Lu’an Environmental Energy Development Co. Ltd., Class A   725,100    1,905,523 
Shanxi Meijin Energy Co. Ltd., Class A   1,575,600    1,586,960 
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A   273,300    8,068,980 
Shengyi Technology Co. Ltd., Class A   810,500    1,737,160 
Shennan Circuits Co. Ltd., Class A   144,340    1,588,152 
Shenwan Hongyuan Group Co. Ltd., Class A   6,296,670    4,176,657 
Shenzhen Dynanonic Co. Ltd., Class A   76,320    1,179,908 
Shenzhen Inovance Technology Co. Ltd., Class A   471,697    3,918,041 
Shenzhen International Holdings Ltd.(c)   5,171,500    4,099,859 
Shenzhen Kangtai Biological Products Co. Ltd., Class A   377,635    1,475,380 
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A   274,032    11,588,199 
Shenzhen Overseas Chinese Town Co. Ltd., Class A   2,214,700    1,480,611 
Shenzhen Transsion Holding Co. Ltd., Class A   192,289    3,390,076 
Shenzhou International Group Holdings Ltd.   2,993,700    24,241,134 
Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A   407,300    1,643,254 
Shimao Group Holdings Ltd.(a)(c)(d)   3,384,740    558,294 
Sichuan Chuantou Energy Co. Ltd., Class A   1,463,760    3,062,869 
Sichuan Kelun Pharmaceutical Co. Ltd., Class A   639,978    2,783,165 
Sichuan Road & Bridge Co. Ltd., Class A   1,470,700    3,141,265 
Sichuan Swellfun Co. Ltd., Class A   137,193    1,124,881 
Sino Biopharmaceutical Ltd.   37,995,750    18,113,202 
Sinoma Science & Technology Co. Ltd., Class A   568,400    1,552,258 
Sinopharm Group Co. Ltd., Class H   4,987,600    16,349,677 
Skshu Paint Co. Ltd., Class A(a)   110,640    1,389,993 
Smoore International Holdings Ltd.(b)(c)   6,688,000    6,749,347 
Songcheng Performance Development Co. Ltd., Class A   852,518    1,523,196 
Spring Airlines Co. Ltd., Class A(a)   213,200    1,731,422 
StarPower Semiconductor Ltd., Class A   45,500    1,393,999 
Sungrow Power Supply Co. Ltd., Class A   347,900    5,383,177 
Sunny Optical Technology Group Co. Ltd.   2,596,100    24,437,071 
Sunwoda Electronic Co. Ltd., Class A   599,900    1,343,349 
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A   596,300    2,127,745 
Suzhou Maxwell Technologies Co. Ltd., Class A   87,840    1,951,971 
TAL Education Group, ADR(a)(c)   1,647,737    8,947,212 
TBEA Co. Ltd., Class A   991,200    3,115,985 
TCL Technology Group Corp., Class A   5,604,030    3,041,274 
TCL Zhonghuan Renewable Energy Technology Co. Ltd., Class A   770,293    4,020,764 
Tencent Holdings Ltd.   22,432,500    887,750,801 
Tencent Music Entertainment Group, ADR(a)   2,585,372    17,942,482 
Thunder Software Technology Co. Ltd., Class A   128,187    1,760,819 
Tianma Microelectronics Co. Ltd., Class A(a)   1,439,123    1,954,880 
Tianqi Lithium Corp., Class A(a)   346,100    3,502,433 
Tingyi Cayman Islands Holding Corp.(c)   7,286,000    10,914,313 
Tongcheng Travel Holdings Ltd.(a)   4,664,400    9,310,977 
Tongkun Group Co. Ltd., Class A   956,700    1,620,222 
Tongwei Co. Ltd., Class A   1,019,984    4,889,354 
Topchoice Medical Corp., Class A(a)   91,900    1,365,988 
Topsports International Holdings Ltd.(b)   7,027,000    5,460,166 
TravelSky Technology Ltd., Class H   3,678,000    6,709,779 
Trina Solar Co. Ltd., Class A   540,286    2,985,002 
Trip.com Group Ltd.(a)   2,026,462    64,540,557 


5

 

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

 

Security  Shares   Value 
           
China (continued)          
Tsingtao Brewery Co. Ltd., Class A   197,390   $2,640,227 
Tsingtao Brewery Co. Ltd., Class H   2,246,000    19,336,990 
Unigroup Guoxin Microelectronics Co. Ltd., Class A   218,439    2,829,341 
Uni-President China Holdings Ltd.   5,120,000    4,449,660 
Unisplendour Corp. Ltd., Class A   820,454    3,762,473 
Vinda International Holdings Ltd.   1,498,000    3,605,902 
Vipshop Holdings Ltd., ADR(a)   1,298,529    18,594,935 
Walvax Biotechnology Co. Ltd., Class A   469,447    1,906,931 
Wanhua Chemical Group Co. Ltd., Class A   752,791    8,702,818 
Want Want China Holdings Ltd.   17,547,000    11,744,657 
Weibo Corp., ADR(a)(c)   254,918    3,561,204 
Weichai Power Co. Ltd., Class A   1,988,444    3,230,374 
Weichai Power Co. Ltd., Class H   6,864,800    9,320,498 
Wens Foodstuffs Group Co. Ltd., Class A   1,665,270    3,937,387 
Western Securities Co. Ltd., Class A   2,874,410    2,617,868 
Western Superconducting Technologies Co. Ltd., Class A   168,866    1,839,338 
Will Semiconductor Co. Ltd. Shanghai, Class A   278,370    3,906,177 
Wingtech Technology Co. Ltd., Class A   306,900    2,151,197 
Wuhan Guide Infrared Co. Ltd., Class A   1,638,940    2,364,859 
Wuliangye Yibin Co. Ltd., Class A   876,528    19,889,833 
WUS Printed Circuit Kunshan Co. Ltd., Class A   659,523    1,936,960 
WuXi AppTec Co. Ltd., Class A   637,229    5,823,523 
WuXi AppTec Co. Ltd., Class H(b)   1,250,670    10,286,821 
Wuxi Biologics Cayman Inc.(a)(b)   13,695,000    70,115,297 
XCMG Construction Machinery Co. Ltd., Class A   3,257,469    2,739,483 
Xiaomi Corp., Class B(a)(b)   55,450,400    73,229,241 
Xinjiang Daqo New Energy Co. Ltd., Class A   388,152    2,328,721 
Xinjiang Goldwind Science & Technology Co. Ltd., Class A   1,384,493    2,117,232 
Xinyi Solar Holdings Ltd.   17,964,000    17,745,134 
XPeng Inc.(a)(c)   3,706,576    14,690,121 
Xtep International Holdings Ltd.   5,061,000    5,086,979 
Yadea Group Holdings Ltd.(b)   4,624,000    9,215,501 
Yankuang Energy Group Co. Ltd., Class A   616,400    2,349,089 
Yankuang Energy Group Co. Ltd., Class H   5,490,800    13,921,798 
Yantai Jereh Oilfield Services Group Co. Ltd., Class A   349,698    1,198,604 
Yealink Network Technology Corp. Ltd., Class A   272,630    2,029,602 
Yifeng Pharmacy Chain Co. Ltd., Class A   248,436    1,731,405 
Yihai International Holding Ltd.   1,826,000    4,051,488 
Yihai Kerry Arawana Holdings Co. Ltd., Class A   387,800    2,193,298 
YongXing Special Materials Technology Co. Ltd., Class A   152,930    1,360,070 
Yonyou Network Technology Co. Ltd., Class A   893,751    2,495,541 
YTO Express Group Co. Ltd., Class A   887,400    1,919,123 
Yuexiu Property Co. Ltd.(c)   6,270,000    6,792,063 
Yum China Holdings Inc.   1,516,661    85,630,680 
Yunda Holding Co. Ltd., Class A   877,004    1,405,886 
Yunnan Baiyao Group Co. Ltd., Class A   472,522    3,575,750 
Yunnan Energy New Material Co. Ltd., Class A(a)   226,400    2,896,874 
Zangge Mining Co. Ltd., Class A   487,400    1,573,491 
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A   147,564    6,307,987 
Zhaojin Mining Industry Co. Ltd., Class H(a)   4,830,500    6,878,897 
Zhejiang Century Huatong Group Co. Ltd., Class A(a)   2,256,298    1,971,319 
Zhejiang Chint Electrics Co. Ltd., Class A   566,023    2,078,603 
Zhejiang Dahua Technology Co. Ltd., Class A   938,784    2,619,248 
Zhejiang Expressway Co. Ltd., Class H(c)   5,528,000    4,094,121 

 

Security  Shares   Value 
           
China (continued)          
Zhejiang Huahai Pharmaceutical Co. Ltd., Class A   492,004   $1,275,342 
Zhejiang Huayou Cobalt Co. Ltd., Class A   418,415    2,719,444 
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A   336,484    3,260,516 
Zhejiang NHU Co. Ltd., Class A   893,887    1,896,347 
Zhejiang Supcon Technology Co. Ltd., Class A   204,958    2,977,805 
Zhejiang Supor Co. Ltd., Class A   177,282    1,114,273 
Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd., Class A   202,147    1,083,172 
Zheshang Securities Co. Ltd., Class A   1,424,300    2,000,590 
ZhongAn Online P&C Insurance Co. Ltd., Class H(a)(b)(c)2,617,700    7,372,108 
Zhongji Innolight Co. Ltd., Class A   208,600    3,157,474 
Zhongsheng Group Holdings Ltd.   2,483,000    9,163,975 
Zhuzhou CRRC Times Electric Co. Ltd.   2,193,500    9,230,892 
Zijin Mining Group Co. Ltd., Class A   5,228,700    7,861,083 
Zijin Mining Group Co. Ltd., Class H   19,374,000    26,351,621 
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class A   2,385,054    2,122,911 
ZTE Corp., Class A   882,300    4,365,500 
ZTE Corp., Class H   2,581,000    7,924,862 
ZTO Express Cayman Inc., ADR   1,527,987    38,566,392 
         6,889,093,422 
Colombia — 0.0%          
Bancolombia SA   932,546    5,825,793 
Interconexion Electrica SA ESP   1,566,159    6,194,247 
         12,020,040 
Czech Republic — 0.2%          
CEZ AS   589,201    26,507,043 
Komercni Banka AS   261,061    7,782,744 
Moneta Money Bank AS(b)   1,200,823    4,285,031 
         38,574,818 
Egypt — 0.1%          
Commercial International Bank Egypt SAE   9,268,992    15,671,162 
Eastern Co. SAE   4,110,572    2,535,836 
Egyptian Financial Group-Hermes Holding Co.(a)   1,423,920    872,893 
         19,079,891 
Greece — 0.4%          
Alpha Services and Holdings SA(a)   7,957,578    11,802,149 
Eurobank Ergasias Services and Holdings SA, Class A(a)   9,510,317    14,865,931 
FF Group(a)(d)   246,892    2 
Hellenic Telecommunications Organization SA   727,918    11,150,143 
JUMBO SA   428,260    9,938,793 
Motor Oil Hellas Corinth Refineries SA   237,298    6,129,715 
Mytilineos SA   389,142    12,257,222 
National Bank of Greece SA(a)   2,030,106    12,596,346 
OPAP SA   638,894    10,909,243 
Public Power Corp. SA(a)   842,299    8,916,885 
Terna Energy SA   196,805    4,246,820 
         102,813,249 
Hungary — 0.2%          
MOL Hungarian Oil & Gas PLC   1,552,062    12,636,194 
OTP Bank Nyrt   836,451    26,077,645 
Richter Gedeon Nyrt   466,035    11,759,039 
         50,472,878 
India — 14.4%          
ABB India Ltd.   184,843    9,210,594 
ACC Ltd.   241,095    5,174,406 


6

 

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

 

Security  Shares   Value 
           
India (continued)          
Adani Enterprises Ltd.   621,203   $18,698,589 
Adani Green Energy Ltd.(a)   1,146,284    13,504,490 
Adani Ports & Special Economic Zone Ltd.   1,876,288    16,731,160 
Adani Power Ltd.(a)   2,756,923    8,304,806 
Ambuja Cements Ltd.(a)   2,161,344    11,045,663 
Apollo Hospitals Enterprise Ltd.   372,617    20,794,883 
Asian Paints Ltd.   1,386,991    53,437,324 
AU Small Finance Bank Ltd.(b)   549,214    5,149,255 
Aurobindo Pharma Ltd.   951,675    7,571,046 
Avenue Supermarts Ltd.(a)(b)   590,173    24,715,224 
Axis Bank Ltd.   8,332,623    91,957,650 
Bajaj Auto Ltd.   247,893    13,669,180 
Bajaj Finance Ltd.   986,497    83,195,434 
Bajaj Finserv Ltd.   1,416,312    24,797,013 
Bajaj Holdings & Investment Ltd.   91,585    8,036,603 
Balkrishna Industries Ltd.   300,284    8,246,819 
Bandhan Bank Ltd.(a)(b)   2,443,196    7,898,958 
Bank of Baroda.   3,604,412    8,041,314 
Berger Paints India Ltd.   937,682    7,361,603 
Bharat Electronics Ltd.   13,462,490    18,231,408 
Bharat Forge Ltd.   920,152    8,785,459 
Bharat Petroleum Corp.Ltd.   2,779,199    12,203,058 
Bharti Airtel Ltd.   8,125,415    83,403,636 
Britannia Industries Ltd.   395,340    22,246,396 
CG Power and Industrial Solutions Ltd.   2,186,334    10,373,417 
Cholamandalam Investment and Finance Co. Ltd.   1,534,628    19,470,515 
Cipla Ltd.   1,798,289    20,703,123 
Coal India Ltd.   5,683,001    16,552,319 
Colgate-Palmolive India Ltd.   435,395    8,368,475 
Container Corp. of India Ltd.   990,441    8,023,645 
Dabur India Ltd.   2,256,894    15,135,702 
Divi’s Laboratories Ltd.   430,914    17,922,150 
DLF Ltd.   2,326,284    13,334,346 
Dr. Reddy’s Laboratories Ltd.   390,782    21,298,863 
Eicher Motors Ltd.   495,113    21,951,337 
GAIL India Ltd.   8,589,821    10,873,680 
Godrej Consumer Products Ltd.(a)   1,494,174    19,099,064 
Godrej Properties Ltd.(a)   471,737    7,917,283 
Grasim Industries Ltd.   996,271    20,656,252 
Havells India Ltd.   917,687    14,487,745 
HCL Technologies Ltd.   3,363,894    46,472,999 
HDFC Life Insurance Co. Ltd.(b)   3,499,033    25,004,235 
Hero MotoCorp Ltd.   396,732    13,220,790 
Hindalco Industries Ltd.   4,577,967    22,414,779 
Hindustan Aeronautics Ltd.   291,129    10,968,727 
Hindustan Petroleum Corp. Ltd.   2,121,745    6,687,517 
Hindustan Unilever Ltd.   2,967,383    95,627,913 
Housing Development Finance Corp. Ltd.   6,291,670    200,488,879 
ICICI Bank Ltd.   18,859,089    215,665,881 
ICICI Lombard General Insurance Co. Ltd.(b)   841,118    11,999,260 
ICICI Prudential Life Insurance Co. Ltd.(b)   1,346,604    7,574,924 
Indian Hotels Co. Ltd. (The)   2,929,500    13,783,015 
Indian Oil Corp. Ltd.   10,142,033    11,026,436 
Indian Railway Catering & Tourism Corp. Ltd.   927,902    7,273,935 
Indraprastha Gas Ltd.   1,097,627    6,367,900 
Info Edge India Ltd.   266,722    13,108,387 
Infosys Ltd.   11,957,097    190,082,323 
InterGlobe Aviation Ltd.(a)(b)   452,050    12,959,042 
ITC Ltd.   10,913,973    58,704,375 
Jindal Steel & Power Ltd.   1,369,040    8,552,413 

 

Security  Shares   Value 
           
India (continued)          
JSW Steel Ltd.   2,248,728   $18,910,224 
Jubilant Foodworks Ltd.   1,435,151    8,368,945 
Kotak Mahindra Bank Ltd.   3,836,542    93,196,612 
Larsen & Toubro Infotech Ltd.(b)   322,281    19,420,614 
Larsen & Toubro Ltd.   2,481,971    66,056,723 
Lupin Ltd.   717,432    6,967,767 
Mahindra & Mahindra Ltd.   3,301,392    52,568,354 
Marico Ltd.   1,865,751    12,234,665 
Maruti Suzuki India Ltd.   473,391    53,545,324 
Max Healthcare Institute Ltd.(a)   2,772,122    18,410,582 
Mphasis Ltd.   278,238    6,533,966 
MRF Ltd.   7,198    8,450,154 
Muthoot Finance Ltd.   452,680    6,097,571 
Nestle India Ltd.   122,444    32,059,939 
NTPC Ltd.   15,195,663    31,867,530 
Oil & Natural Gas Corp. Ltd.   10,772,675    20,144,928 
Page Industries Ltd.   22,371    10,475,249 
Petronet LNG Ltd.   2,830,274    7,715,701 
PI Industries Ltd.   291,572    12,739,842 
Pidilite Industries Ltd.   568,875    17,915,929 
Power Grid Corp. of India Ltd.   12,010,554    33,918,513 
Reliance Industries Ltd.   10,969,990    327,068,678 
Samvardhana Motherson International Ltd.   7,907,430    7,544,101 
SBI Cards & Payment Services Ltd.   934,697    10,349,636 
SBI Life Insurance Co. Ltd.(b)   1,638,297    24,421,509 
Shree Cement Ltd.   33,666    10,230,104 
Shriram Transport Finance Co. Ltd.   844,904    14,278,240 
Siemens Ltd.   298,522    12,797,229 
Sona Blw Precision Forgings Ltd.(b)   1,048,013    6,860,128 
SRF Ltd.   540,372    16,434,573 
State Bank of India   6,481,379    45,325,692 
Sun Pharmaceutical Industries Ltd.   3,455,201    40,739,566 
Tata Consultancy Services Ltd.   3,286,165    130,457,514 
Tata Consumer Products Ltd.   2,077,535    20,041,064 
Tata Elxsi Ltd.   126,749    11,351,320 
Tata Motors Ltd.(a)   6,006,251    38,145,145 
Tata Power Co. Ltd. (The)   5,331,209    13,735,119 
Tata Steel Ltd.   26,595,824    33,985,881 
Tech Mahindra Ltd.   1,928,975    25,957,649 
Titan Co. Ltd.   1,282,459    43,719,995 
Torrent Pharmaceuticals Ltd.   380,202    8,426,986 
Trent Ltd.   703,750    13,260,287 
Tube Investments of India Ltd.   389,371    13,463,167 
TVS Motor Co. Ltd.   829,520    13,045,378 
UltraTech Cement Ltd.   395,263    37,535,797 
United Spirits Ltd.(a)   1,080,565    11,522,354 
UPL Ltd.   1,810,284    14,970,706 
Varun Beverages Ltd.   826,973    16,917,580 
Vedanta Ltd.   2,743,530    9,215,305 
Wipro Ltd.   4,851,036    23,681,213 
Yes Bank Ltd.(a)   44,479,752    8,699,751 
Zomato Ltd.(a)   14,126,681    11,768,437 
         3,370,112,853 
Indonesia — 2.1%          
Adaro Energy Indonesia Tbk PT   52,402,100    7,120,907 
Aneka Tambang Tbk   32,532,400    4,109,382 
Astra International Tbk PT   72,827,200    31,288,141 
Bank Central Asia Tbk PT   199,040,700    120,106,595 
Bank Mandiri Persero Tbk PT   134,391,800    45,349,448 
Bank Negara Indonesia Persero Tbk PT   26,953,576    16,258,829 


7

 

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

 

Security  Shares   Value 
           
Indonesia (continued)          
Bank Rakyat Indonesia Persero Tbk PT   245,430,208   $91,198,937 
Barito Pacific Tbk PT   109,678,222    5,558,196 
Charoen Pokphand Indonesia Tbk PT   26,738,445    8,829,803 
GoTo Gojek Tokopedia Tbk PT(a)   3,014,526,600    29,511,340 
Indah Kiat Pulp & Paper Tbk PT   10,429,800    4,796,333 
Indofood CBP Sukses Makmur Tbk PT   8,361,500    6,523,227 
Indofood Sukses Makmur Tbk PT   15,553,900    7,365,441 
Kalbe Farma Tbk PT   76,764,215    10,396,291 
Merdeka Copper Gold Tbk PT(a)   44,532,663    8,905,870 
Sarana Menara Nusantara Tbk PT   82,970,300    5,477,539 
Semen Indonesia Persero Tbk PT   12,064,471    4,663,195 
Sumber Alfaria Trijaya Tbk PT   61,587,700    10,842,219 
Telkom Indonesia Persero Tbk PT   178,952,700    48,314,628 
Unilever Indonesia Tbk PT   26,773,900    8,088,474 
United Tractors Tbk PT   5,406,253    8,027,023 
Vale Indonesia Tbk PT   9,662,400    4,056,233 
         486,788,051 
Kuwait — 0.8%          
Agility Public Warehousing Co. KSC   5,452,519    10,816,730 
Boubyan Bank KSCP   5,140,232    10,018,062 
Gulf Bank KSCP   6,401,281    5,324,667 
Kuwait Finance House KSCP   29,374,137    67,467,297 
Mabanee Co. KPSC   2,617,660    6,302,905 
Mobile Telecommunications Co. KSCP   7,409,263    12,520,245 
National Bank of Kuwait SAKP   27,038,426    80,851,268 
         193,301,174 
Malaysia — 1.4%          
AMMB Holdings Bhd   6,958,475    5,485,211 
Axiata Group Bhd   9,922,100    5,971,696 
CIMB Group Holdings Bhd   23,485,300    24,515,687 
Dialog Group Bhd   13,124,112    6,136,796 
DiGi.Com Bhd   12,780,700    12,377,400 
Gamuda Bhd(c)   5,533,900    5,323,675 
Genting Bhd   7,623,100    6,931,151 
Genting Malaysia Bhd   10,754,300    5,845,148 
HAP Seng Consolidated Bhd   220,200    172,713 
Hong Leong Bank Bhd   2,397,900    10,059,880 
Hong Leong Financial Group Bhd   960,900    3,605,847 
IHH Healthcare Bhd   6,686,900    8,358,952 
Inari Amertron Bhd   10,503,900    5,725,917 
IOI Corp. Bhd   9,073,820    7,245,676 
Kuala Lumpur Kepong Bhd   1,608,800    7,274,273 
Malayan Banking Bhd   19,572,000    36,670,185 
Malaysia Airports Holdings Bhd   2,698,500    4,038,949 
Maxis Bhd(c)   8,332,000    7,418,332 
MISC Bhd   4,585,900    7,247,569 
MR DIY Group M Bhd(b)   10,704,300    3,639,325 
Nestle Malaysia Bhd   262,700    7,626,866 
Petronas Chemicals Group Bhd   9,592,900    13,617,161 
Petronas Dagangan Bhd   1,193,700    5,462,235 
Petronas Gas Bhd   2,949,100    10,696,118 
PPB Group Bhd   2,476,260    8,723,646 
Press Metal Aluminium Holdings Bhd   13,922,000    13,889,152 
Public Bank Bhd   53,191,150    43,893,791 
QL Resources Bhd   4,359,700    5,242,408 
RHB Bank Bhd   5,419,325    6,280,921 
Sime Darby Bhd   9,634,773    4,316,994 
Sime Darby Plantation Bhd   7,602,173    6,936,025 
Telekom Malaysia Bhd   4,370,300    4,823,271 
Tenaga Nasional Bhd   9,025,450    18,589,908 

 

Security  Shares   Value 
           
Malaysia (continued)          
Top Glove Corp. Bhd(a)(c)   18,216,600   $4,492,729 
         328,635,607 
Mexico — 2.8%          
Alfa SAB de CV, Class A   10,661,347    6,527,355 
America Movil SAB de CV, Series B, NVS   112,935,800    120,539,765 
Arca Continental SAB de CV   1,658,436    16,766,245 
Banco del Bajio SA(b)   2,620,900    8,209,852 
Cemex SAB de CV, NVS(a)   55,633,473    33,463,743 
Coca-Cola Femsa SAB de CV   1,873,293    15,386,440 
Fibra Uno Administracion SA de CV   11,155,200    16,194,558 
Fomento Economico Mexicano SAB de CV   7,045,500    70,944,907 
Gruma SAB de CV, Class B   703,550    10,813,566 
Grupo Aeroportuario del Pacifico SAB de CV, Class B   1,338,000    23,673,122 
Grupo Aeroportuario del Sureste SAB de CV, Class B   710,945    19,912,409 
Grupo Bimbo SAB de CV, Series A   4,956,100    26,493,799 
Grupo Carso SAB de CV, Series A1(c)   1,923,741    11,444,133 
Grupo Financiero Banorte SAB de CV, Class O   9,404,556    75,384,250 
Grupo Financiero Inbursa SAB de CV, Class O(a)(c)   7,961,000    17,682,610 
Grupo Mexico SAB de CV, Series B   11,374,988    50,486,195 
Grupo Televisa SAB, CPO   8,658,900    8,292,259 
Industrias Penoles SAB de CV(a)(c)   700,298    10,716,076 
Kimberly-Clark de Mexico SAB de CV, Class A   5,463,000    11,111,919 
Operadora De Sites Mexicanos SAB de CV, Class A-1   5,002,400    4,411,637 
Orbia Advance Corp. SAB de CV   3,786,434    7,860,131 
Promotora y Operadora de Infraestructura SAB de CV   735,005    7,097,001 
Wal-Mart de Mexico SAB de CV   18,885,000    71,764,922 
         645,176,894 
Peru — 0.2%          
Cia. de Minas Buenaventura SAA, ADR   778,127    5,299,045 
Credicorp Ltd.   258,095    33,410,398 
Southern Copper Corp.   299,161    19,974,980 
         58,684,423 
Philippines — 0.7%          
Aboitiz Equity Ventures Inc.   6,709,070    6,500,916 
ACEN Corp.(a)   2,505,523    261,343 
Ayala Corp.   964,826    11,333,086 
Ayala Land Inc.   24,816,700    11,614,726 
Bank of the Philippine Islands   6,686,878    11,900,464 
BDO Unibank Inc.   8,749,773    21,200,754 
International Container Terminal Services Inc.   3,723,230    12,928,942 
JG Summit Holdings Inc.   10,105,893    8,636,790 
Jollibee Foods Corp.   1,678,249    7,039,870 
Manila Electric Co.   857,800    4,990,169 
Metropolitan Bank & Trust Co.   6,631,025    6,804,003 
PLDT Inc.   268,218    5,722,626 
SM Investments Corp.   880,782    14,565,341 
SM Prime Holdings Inc.   37,210,225    21,656,460 
Universal Robina Corp.   3,291,040    8,227,571 
         153,383,061 
Poland — 0.8%          
Allegro.eu SA (a)(b)   1,503,544    12,636,395 
Bank Polska Kasa Opieki SA   660,002    15,024,147 
CD Projekt SA   238,423    6,829,771 
Cyfrowy Polsat SA   826,419    3,017,189 
Dino Polska SA(a)(b)   181,125    17,813,964 


8

 

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

 

Security  Shares   Value 
           
Poland (continued)          
KGHM Polska Miedz SA   515,742   $12,786,973 
LPP SA   4,052    11,503,895 
mBank SA(a)   53,541    4,465,840 
Pepco Group NV(a)   607,732    5,752,027 
PGE Polska Grupa Energetyczna SA(a)   3,382,798    5,365,809 
Polski Koncern Naftowy ORLEN SA   2,086,766    29,712,013 
Powszechna Kasa Oszczednosci Bank Polski SA   3,141,572    23,842,998 
Powszechny Zaklad Ubezpieczen SA   2,177,723    19,856,965 
Santander Bank Polska SA   130,820    10,425,379 
         179,033,365 
Qatar — 0.9%          
Barwa Real Estate Co.   6,989,106    4,918,767 
Commercial Bank PSQC (The)   11,429,541    17,574,487 
Dukhan Bank   5,994,990    6,442,598 
Industries Qatar QSC.   5,435,191    17,874,617 
Masraf Al Rayan QSC   20,376,699    14,250,478 
Mesaieed Petrochemical Holding Co.   17,531,468    9,467,368 
Ooredoo QPSC   2,826,682    8,232,527 
Qatar Electricity & Water Co. QSC   1,721,688    8,081,489 
Qatar Fuel QSC   1,874,491    8,154,807 
Qatar Gas Transport Co. Ltd.   9,596,754    10,403,922 
Qatar International Islamic Bank QSC   3,260,579    8,930,435 
Qatar Islamic Bank SAQ   6,038,499    29,022,861 
Qatar National Bank QPSC   16,661,848    73,175,621 
         216,529,977 
Russia — 0.0%          
Alrosa PJSC(a)(d)   9,805,890    1,202 
Gazprom PJSC(d)   43,696,315    5,358 
Inter RAO UES PJSC(d)   121,651,300    14,917 
LUKOIL PJSC(d)   1,533,792    188 
Magnit PJSC(a)(d)   246,156    30 
Magnit PJSC, GDR(d)   2     
MMC Norilsk Nickel PJSC(d)   233,757    29 
Mobile TeleSystems PJSC(d)   3,162,662    388 
Moscow Exchange MICEX-RTS PJSC(a)(d)   5,279,850    647 
Novatek PJSC(d)   3,371,230    413 
Novolipetsk Steel PJSC(a)(d)   5,629,360    690 
Ozon Holdings PLC, ADR(a)(d)   197,078    24 
PhosAgro PJSC(d)   174,249    21 
PhosAgro PJSC, GDR(a)(d)(e)   2     
PhosAgro PJSC, New(d)   3,367    34 
Polymetal International PLC(a)(d)   1,312,267    161 
Polyus PJSC(a)(d)   126,490    16 
Rosneft Oil Co. PJSC(d)   4,281,715    525 
Sberbank of Russia PJSC(d)   39,606,181    4,857 
Severstal PAO(a)(d)   805,849    99 
Surgutneftegas PJSC(d)   26,192,370    3,212 
Tatneft PJSC(d)   5,175,395    635 
TCS Group Holding PLC, GDR(a)(d)(e)   445,207    55 
United Co. RUSAL International PJSC(a)(d)   11,428,270    1,401 
VK Co. Ltd.(a)(d)   404,870    50 
VTB Bank PJSC(a)(d)   11,783,971,998    1,445 
X5 Retail Group NV, GDR(a)(d)   424,766    52 
Yandex NV, Class A(a)(d)   1,127,576    138 
         36,587 
Saudi Arabia — 4.2%          
ACWA Power Co.   307,024    12,208,789 
Advanced Petrochemical Co.   491,094    5,712,781 
Al Rajhi Bank   7,087,195    133,520,218 

 

Security  Shares   Value 
           
Saudi Arabia (continued)          
Alinma Bank   3,566,861   $31,026,460 
Almarai Co. JSC   870,916    12,709,295 
Arab National Bank   2,356,212    15,975,440 
Arabian Internet & Communications Services Co.   77,798    6,094,989 
Bank AlBilad   1,816,707    18,017,313 
Bank Al-Jazira.   1,552,086    7,257,560 
Banque Saudi Fransi   2,083,131    22,103,651 
Bupa Arabia for Cooperative Insurance Co.   279,934    12,538,368 
Dallah Healthcare Co.   137,467    5,962,879 
Dar Al Arkan Real Estate Development Co.(a)   2,005,571    8,238,572 
Dr Sulaiman Al Habib Medical Services Group Co.   324,454    23,101,810 
Elm Co.   91,363    10,928,461 
Emaar Economic City(a)   1,518,544    3,990,717 
Etihad Etisalat Co.   1,312,701    15,046,295 
Jarir Marketing Co.   2,087,700    9,794,673 
Mobile Telecommunications Co.(a)   1,572,790    5,779,228 
Mouwasat Medical Services Co.   184,662    11,074,543 
Nahdi Medical Co.   129,566    5,877,945 
National Industrialization Co.(a)   1,274,472    4,984,422 
Rabigh Refining & Petrochemical Co.(a)   1,555,416    4,559,259 
Riyad Bank   5,228,769    45,643,521 
SABIC Agri-Nutrients Co.   825,778    27,481,259 
Sahara International Petrochemical Co.   1,359,849    12,881,178 
Saudi Arabian Mining Co.(a)   3,147,420    52,104,269 
Saudi Arabian Oil Co.(b)   9,519,986    79,908,292 
Saudi Aramco Base Oil Co.   184,078    6,576,318 
Saudi Basic Industries Corp.   3,245,369    76,256,188 
Saudi British Bank (The)   3,542,667    34,928,442 
Saudi Electricity Co.   3,061,949    17,614,708 
Saudi Industrial Investment Group.   1,386,487    9,098,967 
Saudi Investment Bank (The)   1,883,853    8,456,413 
Saudi Kayan Petrochemical Co.(a)   2,761,263    9,396,997 
Saudi National Bank (The)   10,617,594    104,425,384 
Saudi Research & Media Group(a)   136,565    6,843,951 
Saudi Tadawul Group Holding Co.   167,153    7,136,869 
Saudi Telecom Co.   6,985,771    80,572,178 
Savola Group (The)   888,274    8,501,997 
Yanbu National Petrochemical Co.   910,039    10,289,392 
         984,619,991 
South Africa — 3.0%          
Absa Group Ltd.   3,039,661    23,783,753 
African Rainbow Minerals Ltd.   468,109    4,896,227 
Anglo American Platinum Ltd.   231,706    13,329,223 
AngloGold Ashanti Ltd.   1,532,711    37,314,251 
Aspen Pharmacare Holdings Ltd.   1,372,314    11,936,905 
Bid Corp. Ltd.   1,227,175    26,138,866 
Bidvest Group Ltd. (The)   1,056,613    12,743,389 
Capitec Bank Holdings Ltd.   310,557    21,261,589 
Clicks Group Ltd.   905,651    10,770,214 
Discovery Ltd.(a)   1,844,848    12,389,894 
Exxaro Resources Ltd.   904,281    7,345,685 
FirstRand Ltd.   18,005,846    55,217,144 
Foschini Group Ltd. (The)   1,232,520    5,240,734 
Gold Fields Ltd.   3,243,026    49,169,050 
Growthpoint Properties Ltd.   12,506,977    7,414,596 
Harmony Gold Mining Co. Ltd.   2,070,498    9,796,212 
Impala Platinum Holdings Ltd.   3,104,172    24,923,452 
Kumba Iron Ore Ltd.   231,606    5,092,249 
Mr. Price Group Ltd.   957,192    6,022,634 
MTN Group Ltd.   6,165,640    38,137,464 


9

 

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

 

Security  Shares   Value 
           
South Africa (continued)          
MultiChoice Group.   1,151,036   $5,725,191 
Naspers Ltd., Class N   707,273    106,694,524 
Nedbank Group Ltd.   1,642,585    17,340,699 
NEPI Rockcastle NV   1,731,444    9,890,579 
Northam Platinum Holdings Ltd.(a)   1,284,270    10,571,801 
Old Mutual Ltd.   17,888,294    9,679,523 
OUTsurance Group Ltd., NVS   2,463,513    3,954,114 
Pepkor Holdings Ltd.(b)   7,667,195    5,486,358 
Reinet Investments SCA   503,214    9,952,632 
Remgro Ltd.   1,897,734    12,628,623 
Sanlam Ltd.   6,458,348    16,998,454 
Sasol Ltd.   2,055,947    24,040,093 
Shoprite Holdings Ltd.   1,819,527    18,040,766 
Sibanye Stillwater Ltd.   10,273,720    18,152,371 
Standard Bank Group Ltd.   4,798,514    36,898,089 
Vodacom Group Ltd.   2,293,536    12,837,404 
Woolworths Holdings Ltd   3,537,907    10,686,904 
         712,501,656 
South Korea — 11.9%          
Amorepacific Corp.(c)   107,219    8,435,777 
BGF retail Co. Ltd.   30,226    4,340,696 
Celltrion Healthcare Co. Ltd.   379,930    21,150,479 
Celltrion Inc.   391,849    50,493,282 
Celltrion Pharm Inc.(a)(c)   66,772    4,280,783 
CJ CheilJedang Corp.   30,928    7,218,914 
CJ Corp.(c)   54,078    3,607,437 
CosmoAM&T Co. Ltd.(a)   54,656    7,358,845 
Coway Co. Ltd.   212,428    7,705,534 
DB Insurance Co. Ltd.   168,659    9,414,292 
Doosan Bobcat Inc.   200,130    8,050,638 
Doosan Enerbility Co. Ltd.(a)   1,602,729    19,374,689 
Ecopro BM Co. Ltd.(c)   177,759    33,207,815 
E-MART Inc.   74,371    4,722,548 
F&F Co. Ltd./New(c)   65,546    6,382,925 
GS Holdings Corp.   192,390    5,581,784 
Hana Financial Group Inc.   1,066,029    33,254,685 
Hankook Tire & Technology Co. Ltd.   272,589    7,078,419 
Hanmi Pharm Co. Ltd.   26,979    5,936,554 
Hanon Systems   694,997    4,908,659 
Hanwha Aerospace Co. Ltd.   128,867    10,301,593 
Hanwha Solutions Corp.(a)   376,480    12,672,593 
HD Hyundai Co. Ltd.   144,944    6,237,991 
HD Hyundai Heavy Industries Co. Ltd.(a)   75,458    6,595,314 
HD Korea Shipbuilding & Offshore Engineering Co. Ltd.(a)(c)156,499    11,346,264 
HLB Inc.(a)(c)   408,462    11,387,832 
HMM Co. Ltd.(c)   886,755    11,844,446 
Hotel Shilla Co. Ltd.   123,437    7,179,466 
HYBE Co. Ltd.(a)(c)   68,198    14,055,469 
Hyundai Engineering & Construction Co. Ltd.   283,614    8,171,557 
Hyundai Glovis Co. Ltd.   64,637    8,223,319 
Hyundai Mipo Dockyard Co. Ltd.(a)(c)   92,357    5,183,303 
Hyundai Mobis Co. Ltd.   221,568    37,194,895 
Hyundai Motor Co.   501,704    75,494,535 
Hyundai Steel Co.   329,350    8,086,458 
Industrial Bank of Korea   963,989    7,411,278 
Kakao Corp.   1,117,615    47,288,745 
Kakao Games Corp.(a)(c)   146,078    4,270,691 
Kakao Pay Corp.(a)(c)   102,009    4,612,243 
KakaoBank Corp.(c)   579,370    11,427,148 

 

Security  Shares   Value 
           
South Korea (continued)          
Kangwon Land Inc.   355,887   $4,885,044 
KB Financial Group Inc.   1,398,468    50,430,295 
Kia Corp.   949,950    61,372,153 
Korea Aerospace Industries Ltd.   270,959    10,508,230 
Korea Electric Power Corp.(a)   942,848    13,563,117 
Korea Investment Holdings Co. Ltd.   154,904    6,464,229 
Korea Zinc Co. Ltd.   29,887    10,817,870 
Korean Air Lines Co. Ltd.   652,306    10,844,584 
Krafton Inc.(a)   103,368    14,717,478 
KT Corp.   117,359    2,790,162 
KT&G Corp.   370,625    23,344,394 
Kumho Petrochemical Co. Ltd.   67,068    6,407,356 
L&F Co. Ltd.   91,134    18,454,681 
LG Chem Ltd.   178,624    93,093,273 
LG Corp.   316,093    20,500,104 
LG Display Co. Ltd.(a)   862,794    10,221,704 
LG Electronics Inc.   382,874    35,380,747 
LG Energy Solution(a)(c)   127,106    57,277,474 
LG H&H Co. Ltd.   33,931    13,455,196 
LG Innotek Co. Ltd.   52,165    12,044,577 
LG Uplus Corp.   770,560    6,524,276 
Lotte Chemical Corp.   76,515    9,598,851 
Lotte Energy Materials Corp.   88,481    3,814,341 
Meritz Financial Group Inc.   380,488    12,900,813 
Mirae Asset Securities Co. Ltd.   996,984    5,478,713 
NAVER Corp.   474,572    71,237,636 
NCSoft Corp.   51,882    12,541,806 
Netmarble Corp.(a)(b)(c)   75,728    3,191,700 
NH Investment & Securities Co. Ltd.   502,310    3,779,605 
Orion Corp./Republic of Korea   89,364    8,695,677 
Pan Ocean Co. Ltd.   1,004,234    3,563,983 
Pearl Abyss Corp.(a)(c)   112,177    4,215,193 
POSCO Future M Co. Ltd.(c)   111,641    29,403,813 
POSCO Holdings Inc.   260,687    70,637,812 
Posco International Corp.   191,902    4,352,044 
Samsung Biologics Co. Ltd.(a)(b)   64,960    38,333,332 
Samsung C&T Corp.   300,699    25,047,233 
Samsung Electro-Mechanics Co. Ltd.   197,615    21,931,974 
Samsung Electronics Co. Ltd.   17,215,716    923,631,134 
Samsung Engineering Co. Ltd.(a)   582,667    12,416,548 
Samsung Fire & Marine Insurance Co. Ltd.   111,162    18,880,852 
Samsung Heavy Industries Co. Ltd.(a)   2,310,652    10,653,438 
Samsung Life Insurance Co. Ltd.   289,433    14,458,180 
Samsung SDI Co. Ltd.   198,952    107,473,761 
Samsung SDS Co. Ltd.   117,289    10,980,330 
Samsung Securities Co. Ltd.   243,165    6,729,884 
Shinhan Financial Group Co. Ltd.   1,540,635    40,591,696 
SK Biopharmaceuticals Co. Ltd.(a)(c)   124,197    6,875,538 
SK Bioscience Co. Ltd.(a)(c)   94,653    5,881,388 
SK Hynix Inc.   1,968,000    160,497,059 
SK IE Technology Co. Ltd.(a)(b)   93,584    6,240,513 
SK Inc.   131,561    16,631,076 
SK Innovation Co. Ltd.(a)   200,868    28,590,917 
SK Square Co. Ltd.(a)   370,145    12,873,595 
SKC Co. Ltd.(c)   75,255    5,378,000 
S-Oil Corp.   164,224    8,924,796 
Woori Financial Group Inc.   1,955,924    17,636,077 
Yuhan Corp.   206,733    9,242,069 
         2,797,898,216 


10

 

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

 

Security  Shares   Value 
           
Taiwan — 16.0%          
Accton Technology Corp.(c)   1,866,000   $21,395,150 
Acer Inc.(c)   10,702,121    10,726,789 
Advantech Co. Ltd.   1,573,455    20,796,479 
Airtac International Group.   517,526    16,682,453 
ASE Technology Holding Co. Ltd.(c)   11,124,110    40,197,535 
Asia Cement Corp.   8,265,077    11,810,881 
Asustek Computer Inc.(c)   2,550,968    25,288,274 
AUO Corp.   23,916,200    13,680,042 
Catcher Technology Co. Ltd.   2,354,210    14,191,640 
Cathay Financial Holding Co. Ltd.(c)   32,115,000    46,201,931 
Chailease Holding Co. Ltd.(c)   5,330,433    35,076,073 
Chang Hwa Commercial Bank Ltd.   17,366,412    10,164,064 
Cheng Shin Rubber Industry Co. Ltd.   6,517,128    8,256,218 
China Airlines Ltd.(c)   10,427,000    7,513,123 
China Development Financial Holding Corp.(c)   57,408,588    23,667,544 
China Steel Corp.(c)   42,665,313    40,233,288 
Chunghwa Telecom Co. Ltd.(c)   13,749,410    56,403,472 
Compal Electronics Inc.(c)   14,387,908    13,022,128 
CTBC Financial Holding Co. Ltd.   63,243,772    49,934,526 
Delta Electronics Inc.(c)   7,053,000    72,426,964 
E Ink Holdings Inc.(c)   3,120,000    20,974,273 
E.Sun Financial Holding Co. Ltd.(c)   48,262,102    40,625,163 
Eclat Textile Co. Ltd.(c)   696,427    10,587,973 
eMemory Technology Inc.   241,000    14,368,423 
Eva Airways Corp.(c)   9,229,000    10,165,593 
Evergreen Marine Corp. Taiwan Ltd.(c)   3,653,324    18,130,686 
Far Eastern New Century Corp.(c)   10,582,038    11,109,609 
Far EasTone Telecommunications Co. Ltd.(c)   6,010,000    15,006,979 
Feng TAY Enterprise Co. Ltd.   1,575,137    9,762,764 
First Financial Holding Co. Ltd.   38,314,679    35,009,599 
Formosa Chemicals & Fibre Corp.   12,816,090    28,508,519 
Formosa Petrochemical Corp.(c)   4,110,000    11,520,844 
Formosa Plastics Corp.(c)   13,883,280    42,491,757 
Fubon Financial Holding Co. Ltd.(c)   26,685,022    52,698,041 
Giant Manufacturing Co. Ltd.   1,100,718    7,358,225 
Global Unichip Corp.   317,000    15,423,155 
Globalwafers Co. Ltd.(c)   805,000    13,162,480 
Hon Hai Precision Industry Co. Ltd.   44,633,873    154,423,284 
Hotai Motor Co. Ltd.(c)   1,109,000    28,998,473 
Hua Nan Financial Holdings Co. Ltd.   32,783,407    23,710,305 
Innolux Corp.   33,224,251    15,005,813 
Inventec Corp.(c)   9,144,281    10,959,800 
Largan Precision Co. Ltd.   367,000    26,971,455 
Lite-On Technology Corp.   7,276,246    21,052,069 
MediaTek Inc.(c)   5,465,338    134,302,992 
Mega Financial Holding Co. Ltd.(c)   40,186,666    46,749,144 
Micro-Star International Co. Ltd.   2,482,000    13,386,813 
momo.com Inc   275,600    6,248,036 
Nan Ya Plastics Corp.(c)   17,349,160    43,845,415 
Nan Ya Printed Circuit Board Corp.(c)   853,000    8,372,549 
Nanya Technology Corp.(c)   4,551,000    10,846,743 
Nien Made Enterprise Co. Ltd.   704,000    8,059,888 
Novatek Microelectronics Corp.(c)   2,098,000    28,965,631 
Parade Technologies Ltd.(c)   285,000    9,426,816 
Pegatron Corp.(c)   6,906,414    16,911,610 
PharmaEssentia Corp.(a)   861,000    9,795,123 
Pou Chen Corp.   7,812,220    8,036,016 
Powerchip Semiconductor Manufacturing Corp.(c)   10,938,000    10,954,164 
President Chain Store Corp.   2,054,000    18,675,085 
Quanta Computer Inc.(c)   9,674,000    36,582,381 

 

Security  Shares   Value 
           
Taiwan (continued)          
Realtek Semiconductor Corp.   1,686,637   $20,902,826 
Ruentex Development Co. Ltd.   6,476,241    7,343,832 
Shanghai Commercial & Savings Bank Ltd. (The)(c)   13,966,229    20,516,602 
Shin Kong Financial Holding Co. Ltd.(c)   46,772,149    13,102,892 
Silergy Corp.(c)   1,195,000    15,450,643 
SinoPac Financial Holdings Co. Ltd.   38,155,080    21,463,417 
Synnex Technology International Corp.(c)   4,866,834    10,111,572 
Taishin Financial Holding Co. Ltd.   39,440,009    23,529,943 
Taiwan Business Bank   22,240,000    10,192,299 
Taiwan Cement Corp.(c)   22,214,748    27,375,764 
Taiwan Cooperative Financial Holding Co. Ltd.   36,074,716    32,791,921 
Taiwan High Speed Rail Corp.   7,486,000    7,921,260 
Taiwan Mobile Co. Ltd.(c)   6,274,600    21,126,945 
Taiwan Semiconductor Manufacturing Co. Ltd.   88,779,000    1,606,707,403 
Unimicron Technology Corp.(c)   4,877,000    28,526,828 
Uni-President Enterprises Corp.   17,371,839    41,970,963 
United Microelectronics Corp.(c)   40,549,000    67,870,249 
Vanguard International Semiconductor Corp.(c)   3,318,000    9,995,654 
Voltronic Power Technology Corp.   246,000    15,480,468 
Walsin Lihwa Corp.(c)   9,467,406    14,189,051 
Wan Hai Lines Ltd.(c)   2,559,090    4,813,897 
Win Semiconductors Corp.(c)   1,281,000    6,641,556 
Winbond Electronics Corp.(c)   11,041,000    9,541,381 
Wistron Corp.   9,491,000    20,602,057 
Wiwynn Corp.(c)   321,000    12,068,245 
WPG Holdings Ltd.(c)   5,756,449    9,950,630 
Yageo Corp.(c)   1,166,940    19,228,583 
Yang Ming Marine Transport Corp.(c)   6,295,000    12,421,722 
Yuanta Financial Holding Co. Ltd.   36,408,059    28,221,962 
Zhen Ding Technology Holding Ltd.   2,402,075    9,042,232 
         3,735,955,059 
Thailand — 2.0%          
Advanced Info Service PCL, NVDR   4,236,900    25,685,756 
Airports of Thailand PCL, NVDR(a)   15,437,100    31,370,901 
Asset World Corp. PCL, NVDR(c)   31,437,000    4,441,332 
B Grimm Power PCL, NVDR   3,415,900    3,672,902 
Bangkok Dusit Medical Services PCL, NVDR   37,945,100    30,762,844 
Bangkok Expressway & Metro PCL, NVDR   27,337,000    6,324,208 
Banpu PCL, NVDR(c)   29,879,600    7,076,994 
Berli Jucker PCL, NVDR   3,616,400    3,763,482 
BTS Group Holdings PCL, NVDR(c)   27,116,400    5,531,185 
Bumrungrad Hospital PCL, NVDR   2,144,400    13,729,775 
Carabao Group PCL, NVDR(c)   1,438,600    2,743,958 
Central Pattana PCL, NVDR   7,508,100    14,548,649 
Central Retail Corp. PCL, NVDR   6,956,734    8,390,735 
Charoen Pokphand Foods PCL, NVDR(c)   14,341,500    8,278,018 
CP ALL PCL, NVDR   21,045,200    38,534,587 
Delta Electronics Thailand PCL, NVDR(c)   11,650,000    33,107,740 
Electricity Generating PCL, NVDR(c)   997,100    4,138,506 
Energy Absolute PCL, NVDR   6,321,500    11,793,396 
Global Power Synergy PCL, NVDR(c)   2,658,800    4,465,315 
Gulf Energy Development PCL, NVDR   10,585,000    14,808,908 
Home Product Center PCL, NVDR   21,874,514    8,667,723 
Indorama Ventures PCL, NVDR   6,071,680    5,536,472 
Intouch Holdings PCL, NVDR   3,472,225    7,452,430 
Kasikornbank PCL, NVDR   2,129,900    7,922,394 
Krung Thai Bank PCL, NVDR   12,594,200    6,871,970 
Krungthai Card PCL, NVDR(c)   3,490,400    5,110,975 
Land & Houses PCL, NVDR   29,407,300    7,178,436 


11

 

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

 

Security  Shares   Value 
           
Thailand (continued)          
Minor International PCL, NVDR(c)   11,507,020   $11,149,949 
Muangthai Capital PCL, NVDR   2,894,100    3,424,678 
Osotspa PCL, NVDR   5,213,800    4,342,787 
PTT Exploration & Production PCL, NVDR(c)   5,009,139    20,057,630 
PTT Global Chemical PCL, NVDR   8,126,530    8,223,251 
PTT Oil & Retail Business PCL, NVDR(c)   10,813,500    6,212,207 
PTT Public Company Ltd., NVDR   36,014,500    31,024,722 
Ratch Group PCL, NVDR   3,545,600    3,690,903 
SCB X PCL, NVDR   2,998,400    8,910,619 
SCG Packaging PCL, NVDR   4,961,500    5,590,069 
Siam Cement PCL (The), NVDR   2,794,400    25,593,125 
Siam Makro PCL, NVDR   8,608,500    10,013,073 
Srisawad Corp. PCL, NVDR(c)   2,703,400    4,324,230 
Thai Oil PCL, NVDR   4,414,000    5,477,885 
True Corp. PCL, NVDR(c)   37,360,520    7,354,010 
         477,298,729 
Turkey — 0.6%          
Akbank TAS   11,383,612    8,683,958 
Aselsan Elektronik Sanayi Ve Ticaret AS   2,514,337    5,766,000 
BIM Birlesik Magazalar AS   1,645,305    11,196,517 
Enka Insaat ve Sanayi AS   2    2 
Eregli Demir ve Celik Fabrikalari TAS(a)(c)   4,909,914    7,826,283 
Ford Otomotiv Sanayi AS   260,471    7,196,633 
Haci Omer Sabanci Holding AS   3,766,377    7,006,225 
Hektas Ticaret TAS(a)   4,106,190    5,542,127 
KOC Holding AS   2,689,665    10,209,703 
Koza Altin Isletmeleri AS   3,643,382    4,050,782 
Pegasus Hava Tasimaciligi AS(a)   161,831    3,576,997 
Sasa Polyester Sanayi AS(a)   3,798,676    9,941,091 
Tofas Turk Otomobil Fabrikasi AS   450,529    4,660,196 
Turk Hava Yollari AO(a)   1,986,968    13,763,555 
Turkcell Iletisim Hizmetleri AS   4,252,861    6,870,369 
Turkiye Is Bankasi AS, Class C   12,785,513    6,894,159 
Turkiye Petrol Rafinerileri AS   3,394,852    10,957,605 
Turkiye Sise ve Cam Fabrikalari AS   5,049,864    9,837,116 
Yapi ve Kredi Bankasi AS   10,819,349    5,329,217 
         139,308,535 
United Arab Emirates — 1.3%          
Abu Dhabi Commercial Bank PJSC   10,584,356    23,024,818 
Abu Dhabi Islamic Bank PJSC   5,522,312    15,035,086 
Abu Dhabi National Oil Co. for Distribution PJSC   11,534,843    13,001,606 
Aldar Properties PJSC   14,180,300    19,659,796 
Dubai Islamic Bank PJSC   10,437,250    14,942,146 
Emaar Properties PJSC   23,477,812    39,251,141 
Emirates NBD Bank PJSC   6,847,303    25,421,153 
Emirates Telecommunications Group Co. PJSC   12,612,034    79,176,004 
First Abu Dhabi Bank PJSC   15,921,184    55,020,191 
Multiply Group(a)   13,945,123    12,552,942 
Q Holding PJSC(a)   4,351,384    2,702,310 
         299,787,193 
Total Common Stocks — 97.6%          
(Cost: $20,874,805,399)        22,864,063,260 
           
Preferred Stocks          
           
Brazil — 1.3%          
Banco Bradesco SA, Preference Shares, NVS   19,395,365    59,295,155 
Centrais Eletricas Brasileiras SA, Class B, Preference Shares, NVS   1,009,485    7,839,810 

 

Security  Shares   Value 
           
Brazil (continued)          
Cia. Energetica de Minas Gerais, Preference Shares, NVS   5,202,327   $11,997,561 
Gerdau SA, Preference Shares, NVS   4,186,176    19,778,574 
Itau Unibanco Holding SA, Preference Shares, NVS   17,426,360    90,441,342 
Itausa SA, Preference Shares, NVS   18,110,953    31,343,340 
Petroleo Brasileiro SA, Preference Shares, NVS   17,145,798    88,275,529 
         308,971,311 
Chile — 0.2%          
Sociedad Quimica y Minera de Chile SA, Class B, Preference Shares   520,110    33,517,993 
           
Colombia — 0.0%          
Bancolombia SA, Preference Shares, NVS   1,689,475    9,855,904 
           
Russia — 0.0%          
Surgutneftegas PJSC, Preference Shares, NVS(d)   25,014,400    3,067 
           
South Korea — 0.7%          
Hyundai Motor Co.          
Preference Shares, NVS   73,142    5,802,080 
Series 2, Preference Shares, NVS   128,271    10,188,957 
LG Chem Ltd., Preference Shares, NVS   28,436    7,729,547 
Samsung Electronics Co. Ltd., Preference Shares, NVS   2,962,991    130,505,569 
         154,226,153 
Total Preferred Stocks — 2.2%          
(Cost: $340,137,122)       506,574,428 
         
Rights        
         
China — 0.0%          
Kangmei Pharmaceutical Co. Ltd.,          
(Expires 12/31/49)   274,733    1 
           
Total Rights — 0.0%          
(Cost: $—)        1 
           
Total Long-Term Investments — 99.8%          
(Cost: $21,214,942,521)        23,370,637,689 
         
Short-Term Securities          
           
Money Market Funds — 3.8%          
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.29%(f)(g)(h)   875,737,189    875,912,336 
           
Total Short-Term Securities — 3.8%          
(Cost: $875,645,475)        875,912,336 
           
Total Investments — 103.6%          
(Cost: $22,090,587,996)        24,246,550,025 
           
Liabilities in Excess of Other Assets — (3.6)%        (832,417,544)
           
Net Assets — 100.0%       $23,414,132,481 

 

(a)Non-income producing security.

(b)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.

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

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

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


12

 

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

 

(f)Affiliate of the Fund.

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

(h)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  $794,990,945   $80,964,029(a)   $   $84,656   $(127,294)  $875,912,336    875,737,189   $8,460,064(b)   $ 
BlackRock Cash Funds: Treasury, SL Agency Shares(c)   64,750,000        (64,750,000)(a)                    922,247    15 
                  $84,656   $(127,294)  $875,912,336        $9,382,311   $15 

 

(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.

 

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   1,140   06/16/23  $54,538   $(1,343,857)

 

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.

 

13

 

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

 

Fair Value Hierarchy as of Period End (continued)

 

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  $2,616,202,263   $20,246,058,462   $1,802,535   $22,864,063,260 
Preferred Stocks   352,345,208    154,226,153    3,067    506,574,428 
Rights       1        1 
Short-Term Securities                    
Money Market Funds   875,912,336            875,912,336 
   $3,844,459,807   $20,400,284,616   $1,805,602   $24,246,550,025 
Derivative Financial Instruments(a)                    
Liabilities                    
Equity Contracts  $(1,343,857)  $   $   $(1,343,857)

 

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

 

Portfolio Abbreviation

 

ADR American Depositary Receipt
CPO Certificates of Participation (Ordinary)
GDR Global Depositary Receipt
JSC Joint Stock Company

 

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


14