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

Security	Shares		Value
Common Stocks
Passenger Airlines — 0.5%
China Airlines Ltd.(a)		12,488,000	$	8,998,167
Eva Airways Corp.		12,084,000		13,310,329
				22,308,496
Automobile Components — 0.5%
Cheng Shin Rubber Industry Co. Ltd.		15,362,670		19,462,186
Banks — 11.6%
Chang Hwa Commercial Bank Ltd.		41,374,708		24,215,432
CTBC Financial Holding Co. Ltd.		88,101,325		69,560,967
E.Sun Financial Holding Co. Ltd.(a)		70,524,434		59,364,729
First Financial Holding Co. Ltd.(a)		58,392,385		53,355,373
Hua Nan Financial Holdings Co. Ltd.		54,278,387		39,256,357
Mega Financial Holding Co. Ltd.(a)		56,264,652		65,452,663
Shanghai Commercial & Savings Bank Ltd. (The)(a)		23,150,218		34,008,022
SinoPac Financial Holdings Co. Ltd.		67,827,226		38,154,921
Taishin Financial Holding Co. Ltd.		72,599,207		43,312,749
Taiwan Business Bank		23,377,000		10,713,371
Taiwan Cooperative Financial Holding Co. Ltd.		54,977,933		49,974,947
				487,369,531
Biotechnology — 0.3%
PharmaEssentia Corp.(a)(b)		980,000		11,148,920
Chemicals — 3.9%
Formosa Chemicals & Fibre Corp.		18,413,610		40,959,821
Formosa Plastics Corp.(a)		19,788,518		60,565,579
Nan Ya Plastics Corp.(a)		24,538,938		62,015,678
				163,541,078
Communications Equipment — 0.9%
Accton Technology Corp.		3,273,000		37,527,506
Construction Materials — 1.5%
Asia Cement Corp.		16,867,136		24,103,313
Taiwan Cement Corp.(a)		30,472,645		37,552,167
				61,655,480
Financial Services — 2.2%
Chailease Holding Co. Ltd.(a)		7,673,167		50,492,064
Yuanta Financial Holding Co. Ltd.		56,020,306		43,424,533
				93,916,597
Diversified Telecommunication Services — 1.8%
Chunghwa Telecom Co. Ltd.(a)		18,490,648		75,853,200
Electrical Equipment — 0.9%
Voltronic Power Technology Corp.		335,000		21,081,125
Walsin Lihwa Corp.(a)		11,941,178		17,896,558
Ya Hsin Industrial Co. Ltd.(c)		6,845,461		2
				38,977,685
Electronic Equipment, Instruments & Components — 13.4%
AUO Corp.(a)		42,230,664		24,155,897
Delta Electronics Inc.(a)		9,317,180		95,677,735
E Ink Holdings Inc.(a)		4,340,000		29,175,751
Hon Hai Precision Industry Co. Ltd.		54,948,296		190,108,896
Innolux Corp.		52,022,210		23,495,956
Largan Precision Co. Ltd.		512,794		37,686,105
Nan Ya Printed Circuit Board Corp.(a)		1,913,000		18,776,889
Pacific Electric Wire & Cable Co. Ltd.(c)		197		—
Synnex Technology International Corp.(a)		11,288,364		23,453,257
Unimicron Technology Corp.(a)		7,007,000		40,985,746
WPG Holdings Ltd.(a)		14,921,604		25,793,569

Security	Shares		Value
Electronic Equipment, Instruments & Components (continued)
Yageo Corp.(a)		2,073,767	$	34,171,081
Zhen Ding Technology Holding Ltd.		5,359,072		20,173,380
				563,654,262
Consumer Staples Distribution & Retail — 0.8%
President Chain Store Corp.		3,584,215		32,587,887
Food Products — 1.4%
Uni-President Enterprises Corp.		24,223,189		58,524,062
Household Durables — 0.4%
Nien Made Enterprise Co. Ltd.		1,516,000		17,356,236
Industrial Conglomerates — 0.6%
Far Eastern New Century Corp.(a)		24,597,843		25,824,178
Insurance — 4.8%
Cathay Financial Holding Co. Ltd.(a)		43,463,798		62,528,769
China Development Financial Holding Corp.(a)		89,975,587		37,093,774
Fubon Financial Holding Co. Ltd.(a)		37,384,823		73,828,192
Shin Kong Financial Holding Co. Ltd.(a)		97,384,273		27,281,526
				200,732,261
Leisure Products — 0.4%
Giant Manufacturing Co. Ltd.(a)		2,483,372		16,601,173
Machinery — 0.7%
Airtac International Group		953,826		30,746,585
Marine Transportation — 1.0%
Evergreen Marine Corp. Taiwan Ltd.(a)		5,415,013		26,873,582
Wan Hai Lines Ltd.		2,351,000		4,422,459
Yang Ming Marine Transport Corp.		5,427,000		10,708,925
				42,004,966
Metals & Mining — 1.4%
China Steel Corp.(a)		60,907,977		57,436,077
Broadline Retail — 0.1%
momo.com Inc(a)		298,800		6,773,995
Oil, Gas & Consumable Fuels — 0.5%
Formosa Petrochemical Corp.(a)		8,299,950		23,265,797
Real Estate Management & Development — 0.4%
Ruentex Development Co. Ltd.		15,588,188		17,676,462
Semiconductors & Semiconductor Equipment — 36.7%
ASE Technology Holding Co. Ltd.		17,431,432		62,989,363
eMemory Technology Inc.		343,000		20,449,664
Global Unichip Corp.		131,000		6,373,607
Globalwafers Co. Ltd.(a)		1,401,000		22,907,620
MediaTek Inc.(a)		6,657,175		163,590,709
Nanya Technology Corp.(a)		9,824,000		23,414,284
Novatek Microelectronics Corp.(a)		3,202,544		44,215,305
Parade Technologies Ltd.(a)		372,000		12,304,476
Powerchip Semiconductor Manufacturing Corp.(a)		12,442,000		12,460,386
Realtek Semiconductor Corp.(a)		2,730,063		33,834,210
Silergy Corp.(a)		1,724,000		22,290,300
Taiwan Semiconductor Manufacturing Co. Ltd.		53,555,882		969,245,343
United Microelectronics Corp.(a)		56,533,501		94,624,844
Vanguard International Semiconductor Corp.(a)		6,482,000		19,527,375
Win Semiconductors Corp.(a)		2,270,000		11,769,189
Winbond Electronics Corp.(a)		26,524,000		22,921,437
				1,542,918,112

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

Security	Shares		Value
Specialty Retail — 1.1%
Hotai Motor Co. Ltd.		1,803,000	$	47,145,398
Technology Hardware, Storage & Peripherals — 8.9%
Acer Inc.(a)		23,996,737		24,052,049
Advantech Co. Ltd.(a)		2,512,827		33,212,233
Asustek Computer Inc.(a)		3,966,857		39,324,276
Catcher Technology Co. Ltd.		4,469,743		26,944,487
Compal Electronics Inc.(a)		31,727,554		28,715,798
Inventec Corp.(a)		24,538,868		29,410,852
Lite-On Technology Corp.		13,893,071		40,196,261
Micro-Star International Co. Ltd.(a)		5,188,000		27,981,784
Pegatron Corp.(a)		12,372,037		30,295,181
Quanta Computer Inc.		15,376,240		58,145,490
Wistron Corp.		3,254,000		7,063,438
Wiwynn Corp.(a)		743,000		27,933,663
				373,275,512
Textiles, Apparel & Luxury Goods — 1.5%
Eclat Textile Co. Ltd.		1,472,601		22,388,362
Feng TAY Enterprise Co. Ltd.		3,481,747		21,580,010
Pou Chen Corp.(a)		20,678,103		21,270,466
				65,238,838
Transportation Infrastructure — 0.5%
Taiwan High Speed Rail Corp.		19,771,000		20,920,550
Wireless Telecommunication Services — 1.5%
Far EasTone Telecommunications Co. Ltd.(a)		11,420,259		28,516,404
Taiwan Mobile Co. Ltd.(a)		10,018,609		33,733,243
				62,249,647

Total Long-Term Investments — 100.2%
(Cost: $1,801,191,244)	4,216,692,677

Security	Shares		Value
Short-Term Securities
Money Market Funds — 14.0%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.29%(d)(e)(f)		585,746,373	$	585,863,523
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.07%(d)(e)		2,960,000		2,960,000
Total Short-Term Securities — 14.0%
(Cost: $588,844,918)				588,823,523
Total Investments — 114.2%
(Cost: $2,390,036,162)				4,805,516,200
Liabilities in Excess of Other Assets — (14.2)%				(597,952,478	)
Net Assets — 100.0%			$	4,207,563,722

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

^(b) Non-income producing security.

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

^(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	$	407,562,083	$	178,316,512	(a)	$	—		$	132,367	$	(147,439	)	$	585,863,523		585,746,373	$	5,118,742	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		3,220,000		—			(260,000	)(a)		—		—			2,960,000		2,960,000		356,163			4
									$	132,367	$	(147,439	)	$	588,823,523			$	5,474,905		$	4

^(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.

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

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description	Number of Contracts		Expiration Date	Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)
Long Contracts
FTSE Taiwan Index		89	06/29/23	$	5,044	$	94,471

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

● Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

● Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

● Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Common Stocks	$	—	$	4,216,692,675	$	2	$	4,216,692,677
Short-Term Securities
Money Market Funds		588,823,523		—		—		588,823,523
	$	588,823,523	$	4,216,692,675	$	2	$	4,805,516,200
Derivative Financial Instruments(a)
Assets
Equity Contracts	$	—	$	94,471	$	—	$	94,471

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

3