| Schedule of Investments (unaudited) | iShares® MSCI BIC ETF |
November 30, 2023 |
(Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Brazil — 8.2% | ||||||||
| Ambev SA | 94,358 | $ | 262,444 | |||||
| Atacadao SA | 12,300 | 28,338 | ||||||
| B3 SA - Brasil, Bolsa, Balcao | 120,991 | 326,933 | ||||||
| Banco Bradesco SA | 31,160 | 90,402 | ||||||
| Banco BTG Pactual SA | 24,168 | 174,507 | ||||||
| Banco do Brasil SA | 17,466 | 192,578 | ||||||
| Banco Santander Brasil SA | 6,191 | 38,992 | ||||||
| BB Seguridade Participacoes SA | 14,432 | 91,775 | ||||||
| CCR SA | 21,648 | 59,551 | ||||||
| Centrais Eletricas Brasileiras SA | 24,851 | 206,299 | ||||||
| Cia. de Saneamento Basico do Estado de Sao Paulo | 7,175 | 98,484 | ||||||
| Cia. Siderurgica Nacional SA | 13,899 | 46,367 | ||||||
| Cosan SA | 25,912 | 93,444 | ||||||
| CPFL Energia SA | 5,043 | 37,960 | ||||||
| Energisa SA | 3,732 | 40,019 | ||||||
| Eneva SA(a) | 18,696 | 48,202 | ||||||
| Engie Brasil Energia SA | 4,180 | 36,942 | ||||||
| Equatorial Energia SA | 19,661 | 136,052 | ||||||
| Hapvida Participacoes e Investimentos SA(a)(b) | 112,422 | 99,813 | ||||||
| Hypera SA | 7,667 | 52,619 | ||||||
| JBS SA | 13,489 | 63,608 | ||||||
| Klabin SA | 14,678 | 67,306 | ||||||
| Localiza Rent a Car SA | 18,463 | 225,215 | ||||||
| Localiza Rent a Car SA, NVS(a) | 142 | 1,630 | ||||||
| Lojas Renner SA | 20,008 | 66,544 | ||||||
| Magazine Luiza SA(a) | 65,436 | 26,855 | ||||||
| Natura & Co. Holding SA(a) | 18,245 | 61,125 | ||||||
| Petroleo Brasileiro SA | 76,629 | 586,933 | ||||||
| PRIO SA(a) | 16,974 | 158,392 | ||||||
| Raia Drogasil SA | 26,730 | 152,493 | ||||||
| Rede D’Or Sao Luiz SA(b) | 12,454 | 67,304 | ||||||
| Rumo SA | 28,290 | 131,620 | ||||||
| Sendas Distribuidora SA | 28,044 | 73,670 | ||||||
| Suzano SA | 17,015 | 185,912 | ||||||
| Telefonica Brasil SA | 7,011 | 75,152 | ||||||
| Tim SA | 17,600 | 61,646 | ||||||
| TOTVS SA | 10,742 | 72,696 | ||||||
| Ultrapar Participacoes SA | 16,359 | 83,921 | ||||||
| Vale SA | 69,905 | 1,048,848 | ||||||
| Vibra Energia SA | 25,871 | 122,731 | ||||||
| WEG SA | 34,973 | 242,933 | ||||||
| 5,738,255 | ||||||||
| Cayman Islands — 0.1% | ||||||||
| MINISO Group Holding Ltd., NVS | 9,020 | 57,982 | ||||||
| China — 56.2% | ||||||||
| 360 Security Technology Inc., Class A(a) | 9,331 | 11,341 | ||||||
| 37 Interactive Entertainment Network Technology Group Co. Ltd., Class A | 4,100 | 12,719 | ||||||
| 3SBio Inc.(b) | 41,000 | 38,080 | ||||||
| AAC Technologies Holdings Inc. | 20,500 | 57,643 | ||||||
| Advanced Micro-Fabrication Equipment Inc., Class A | 867 | 20,612 | ||||||
| AECC Aviation Power Co. Ltd., Class A | 4,100 | 20,636 | ||||||
| Agricultural Bank of China Ltd., Class A | 98,400 | 50,394 | ||||||
| Agricultural Bank of China Ltd., Class H | 615,000 | 227,017 | ||||||
| Aier Eye Hospital Group Co. Ltd., Class A | 12,612 | 30,083 | ||||||
| Air China Ltd., Class A(a) | 28,700 | 32,405 | ||||||
| Akeso Inc.(a)(b) | 12,000 | 76,576 | ||||||
| Alibaba Group Holding Ltd.(a) | 336,120 | 3,124,373 | ||||||
| Alibaba Health Information Technology Ltd.(a) | 116,000 | 65,811 | ||||||
| Aluminum Corp. of China Ltd., Class A | 20,500 | 15,888 | ||||||
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| Aluminum Corp. of China Ltd., Class H | 82,000 | $ | 40,497 | |||||
| Anhui Conch Cement Co. Ltd., Class A | 4,100 | 13,194 | ||||||
| Anhui Conch Cement Co. Ltd., Class H | 20,500 | 47,803 | ||||||
| Anhui Gujing Distillery Co. Ltd., Class A | 1,200 | 43,418 | ||||||
| ANTA Sports Products Ltd. | 25,840 | 269,669 | ||||||
| Autohome Inc., ADR | 1,517 | 41,429 | ||||||
| AVIC Industry-Finance Holdings Co. Ltd., Class A | 16,499 | 7,545 | ||||||
| AviChina Industry & Technology Co. Ltd., Class H | 70,000 | 31,721 | ||||||
| Baidu Inc.(a) | 47,156 | 699,753 | ||||||
| Bank of Beijing Co. Ltd., Class A | 28,790 | 18,253 | ||||||
| Bank of Chengdu Co. Ltd., Class A | 8,200 | 12,978 | ||||||
| Bank of China Ltd., Class A | 46,200 | 25,792 | ||||||
| Bank of China Ltd., Class H | 1,640,000 | 600,878 | ||||||
| Bank of Communications Co. Ltd., Class A | 57,400 | 46,884 | ||||||
| Bank of Communications Co. Ltd., Class H | 164,200 | 96,784 | ||||||
| Bank of Hangzhou Co. Ltd., Class A | 8,299 | 11,542 | ||||||
| Bank of Jiangsu Co. Ltd., Class A | 24,660 | 22,840 | ||||||
| Bank of Nanjing Co. Ltd., Class A | 16,400 | 16,568 | ||||||
| Bank of Ningbo Co. Ltd., Class A | 9,110 | 29,187 | ||||||
| Bank of Shanghai Co. Ltd., Class A | 28,790 | 23,728 | ||||||
| Baoshan Iron & Steel Co. Ltd., Class A | 36,900 | 32,113 | ||||||
| BeiGene Ltd.(a) | 14,086 | 202,139 | ||||||
| Beijing Dabeinong Technology Group Co. Ltd., Class A | 12,300 | 12,530 | ||||||
| Beijing Enlight Media Co. Ltd., Class A | 8,200 | 9,121 | ||||||
| Beijing Enterprises Holdings Ltd. | 8,500 | 28,181 | ||||||
| Beijing Enterprises Water Group Ltd. | 82,000 | 16,475 | ||||||
| Beijing Kingsoft Office Software Inc., Class A | 578 | 24,406 | ||||||
| Beijing New Building Materials PLC, Class A | 3,100 | 10,135 | ||||||
| Beijing Tongrentang Co. Ltd., Class A | 5,500 | 40,907 | ||||||
| Beijing-Shanghai High Speed Railway Co. Ltd., Class A | 57,400 | 40,550 | ||||||
| Bilibili Inc.(a) | 4,245 | 48,182 | ||||||
| BOC Aviation Ltd.(b) | 4,100 | 29,499 | ||||||
| BOE Technology Group Co. Ltd., Class A | 61,500 | 33,292 | ||||||
| Bosideng International Holdings Ltd. | 82,000 | 34,385 | ||||||
| Brilliance China Automotive Holdings Ltd. | 52,000 | 27,893 | ||||||
| BYD Co. Ltd., Class A | 2,700 | 75,152 | ||||||
| BYD Co. Ltd., Class H | 20,500 | 550,970 | ||||||
| BYD Electronic International Co. Ltd. | 20,500 | 93,570 | ||||||
| C&D International Investment Group Ltd. | 13,000 | 26,562 | ||||||
| Caitong Securities Co. Ltd., Class A | 12,520 | 14,115 | ||||||
| Cambricon Technologies Corp. Ltd.(a) | 1,000 | 20,964 | ||||||
| CGN Power Co. Ltd., Class H(b) | 205,000 | 49,375 | ||||||
| Changchun High & New Technology Industry Group Inc., Class A | 710 | 15,956 | ||||||
| Changjiang Securities Co. Ltd., Class A | 20,500 | 15,942 | ||||||
| Chaozhou Three-Circle Group Co. Ltd., Class A | 4,100 | 16,829 | ||||||
| China Baoan Group Co. Ltd., Class A | 8,200 | 13,414 | ||||||
| China Cinda Asset Management Co. Ltd., Class H | 123,000 | 11,959 | ||||||
| China CITIC Bank Corp. Ltd., Class H | 164,000 | 74,083 | ||||||
| China Coal Energy Co. Ltd., Class H | 41,000 | 34,716 | ||||||
| China Communications Services Corp. Ltd., Class H | 82,800 | 35,279 | ||||||
| China Construction Bank Corp., Class A | 8,200 | 7,340 | ||||||
| China Construction Bank Corp., Class H | 1,968,370 | 1,138,099 | ||||||
| China CSSC Holdings Ltd., Class A | 7,100 | 27,436 | ||||||
| China Eastern Airlines Corp. Ltd., Class A(a) | 32,921 | 19,341 | ||||||
| China Energy Engineering Corp. Ltd. | 49,200 | 14,653 | ||||||
| China Everbright Bank Co. Ltd., Class A | 65,600 | 26,522 | ||||||
| China Everbright Bank Co. Ltd., Class H | 41,000 | 11,703 | ||||||
| China Everbright Environment Group Ltd. | 82,000 | 26,964 | ||||||
| China Feihe Ltd.(b) | 84,000 | 49,221 | ||||||
| China Galaxy Securities Co. Ltd., Class H | 82,000 | 43,871 | ||||||
1
| Schedule of Investments (unaudited) (continued) | iShares® MSCI BIC ETF |
November 30, 2023 |
(Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| China Gas Holdings Ltd. | 58,600 | $ | 53,728 | |||||
| China Greatwall Technology Group Co. Ltd., Class A | 6,000 | 9,372 | ||||||
| China Hongqiao Group Ltd. | 41,000 | 33,388 | ||||||
| China International Capital Corp. Ltd., Class A | 4,100 | 23,294 | ||||||
| China International Capital Corp. Ltd., Class H(b) | 32,800 | 51,809 | ||||||
| China Jushi Co. Ltd., Class A | 6,473 | 10,031 | ||||||
| China Life Insurance Co. Ltd., Class A | 4,193 | 17,624 | ||||||
| China Life Insurance Co. Ltd., Class H | 164,000 | 222,136 | ||||||
| China Literature Ltd.(a)(b) | 8,200 | 27,954 | ||||||
| China Longyuan Power Group Corp. Ltd., Class H | 82,000 | 61,329 | ||||||
| China Medical System Holdings Ltd. | 41,000 | 78,756 | ||||||
| China Mengniu Dairy Co. Ltd. | 66,000 | 206,803 | ||||||
| China Merchants Bank Co. Ltd., Class A | 27,000 | 108,790 | ||||||
| China Merchants Bank Co. Ltd., Class H | 82,456 | 287,773 | ||||||
| China Merchants Energy Shipping Co. Ltd., Class A | 8,200 | 6,893 | ||||||
| China Merchants Port Holdings Co. Ltd. | 28,000 | 35,841 | ||||||
| China Merchants Securities Co. Ltd., Class A | 14,550 | 28,628 | ||||||
| China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A | 9,381 | 13,662 | ||||||
| China Minsheng Banking Corp. Ltd., Class A | 41,000 | 22,091 | ||||||
| China Minsheng Banking Corp. Ltd., Class H | 123,000 | 41,108 | ||||||
| China National Building Material Co. Ltd., Class H | 82,000 | 36,477 | ||||||
| China National Chemical Engineering Co. Ltd., Class A | 13,300 | 12,298 | ||||||
| China National Nuclear Power Co. Ltd., Class A | 32,800 | 32,262 | ||||||
| China Northern Rare Earth Group High-Tech Co. Ltd., Class A | 4,100 | 11,386 | ||||||
| China Oilfield Services Ltd., Class H | 44,000 | 47,281 | ||||||
| China Overseas Land & Investment Ltd. | 82,300 | 151,965 | ||||||
| China Pacific Insurance Group Co. Ltd., Class A | 10,100 | 34,054 | ||||||
| China Pacific Insurance Group Co. Ltd., Class H | 49,200 | 103,905 | ||||||
| China Petroleum & Chemical Corp., Class A | 42,800 | 32,707 | ||||||
| China Petroleum & Chemical Corp., Class H | 492,600 | 252,819 | ||||||
| China Power International Development Ltd. | 123,000 | 45,197 | ||||||
| China Railway Group Ltd., Class A | 28,700 | 22,613 | ||||||
| China Railway Group Ltd., Class H | 82,000 | 35,991 | ||||||
| China Renewable Energy Investment Ltd.(c) | 7,709 | — | ||||||
| China Resources Beer Holdings Co. Ltd. | 32,000 | 144,253 | ||||||
| China Resources Gas Group Ltd. | 20,500 | 64,250 | ||||||
| China Resources Land Ltd. | 64,444 | 235,942 | ||||||
| China Resources Microelectronics Ltd. | 5,400 | 35,485 | ||||||
| China Resources Mixc Lifestyle Services Ltd.(b) | 16,400 | 61,998 | ||||||
| China Resources Pharmaceutical Group Ltd.(b) | 41,000 | 25,557 | ||||||
| China Resources Power Holdings Co. Ltd. | 46,200 | 89,081 | ||||||
| China Ruyi Holdings Ltd.(a)(d) | 164,000 | 37,153 | ||||||
| China Shenhua Energy Co. Ltd., Class A | 9,500 | 41,833 | ||||||
| China Shenhua Energy Co. Ltd., Class H | 62,000 | 202,487 | ||||||
| China Southern Airlines Co. Ltd., Class A(a) | 20,500 | 17,627 | ||||||
| China Southern Airlines Co. Ltd., Class H(a) | 46,000 | 22,068 | ||||||
| China State Construction Engineering Corp. Ltd., Class A | 49,200 | 34,178 | ||||||
| China State Construction International Holdings Ltd. | 40,000 | 46,405 | ||||||
| China Taiping Insurance Holdings Co. Ltd. | 24,640 | 22,384 | ||||||
| China Three Gorges Renewables Group Co. Ltd., Class A | 49,200 | 31,665 | ||||||
| China Tourism Group Duty Free Corp. Ltd., Class A | 4,000 | 49,870 | ||||||
| China Tower Corp. Ltd., Class H(b) | 820,000 | 85,006 | ||||||
| China Traditional Chinese Medicine Holdings Co. Ltd. | 82,000 | 41,925 | ||||||
| China United Network Communications Ltd., Class A | 45,000 | 27,615 | ||||||
| China Vanke Co. Ltd., Class A | 12,338 | 19,730 | ||||||
| China Vanke Co. Ltd., Class H | 41,001 | 41,383 | ||||||
| China Yangtze Power Co. Ltd., Class A | 28,756 | 91,848 | ||||||
| China Zheshang Bank Co. Ltd., Class A | 33,540 | 11,874 | ||||||
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| Chinasoft International Ltd. | 82,000 | $ | 70,149 | |||||
| Chongqing Changan Automobile Co. Ltd., Class A | 11,152 | 31,778 | ||||||
| Chongqing Zhifei Biological Products Co. Ltd., Class A | 2,150 | 19,601 | ||||||
| Chow Tai Fook Jewellery Group Ltd. | 41,000 | 59,524 | ||||||
| CITIC Ltd. | 123,000 | 115,718 | ||||||
| CITIC Securities Co. Ltd., Class A | 12,475 | 37,415 | ||||||
| CITIC Securities Co. Ltd., Class H | 41,050 | 85,213 | ||||||
| CMOC Group Ltd., Class A | 12,300 | 8,974 | ||||||
| CMOC Group Ltd., Class H | 69,000 | 39,428 | ||||||
| CNPC Capital Co. Ltd., NVS | 4,100 | 3,300 | ||||||
| Contemporary Amperex Technology Co. Ltd., Class A | 5,240 | 122,463 | ||||||
| COSCO SHIPPING Energy Transportation Co. Ltd., Class A | 16,400 | 30,247 | ||||||
| COSCO Shipping Holdings Co. Ltd., Class A | 16,570 | 23,199 | ||||||
| COSCO Shipping Holdings Co. Ltd., Class H | 61,849 | 56,982 | ||||||
| Country Garden Holdings Co. Ltd.(a) | 252,046 | 28,357 | ||||||
| Country Garden Services Holdings Co. Ltd.(d) | 43,000 | 40,586 | ||||||
| CRRC Corp. Ltd., Class A | 37,000 | 26,927 | ||||||
| CRRC Corp. Ltd., Class H | 73,000 | 29,415 | ||||||
| CSC Financial Co. Ltd., Class A | 6,900 | 24,884 | ||||||
| CSPC Innovation Pharmaceutical Co. Ltd. | 2,957 | 17,503 | ||||||
| CSPC Pharmaceutical Group Ltd. | 168,160 | 151,445 | ||||||
| Daqin Railway Co. Ltd., Class A | 28,700 | 29,157 | ||||||
| Daqo New Energy Corp., ADR(a)(d) | 1,555 | 36,791 | ||||||
| Dongxing Securities Co. Ltd., Class A | 12,399 | 14,968 | ||||||
| East Buy Holding Ltd.(a)(b)(d) | 8,500 | 31,546 | ||||||
| East Money Information Co. Ltd., Class A | 20,588 | 42,147 | ||||||
| Eastroc Beverage Group Co. Ltd. | 1,300 | 35,867 | ||||||
| ENN Energy Holdings Ltd. | 17,100 | 118,029 | ||||||
| ENN Natural Gas Co. Ltd., Class A | 4,100 | 9,200 | ||||||
| Eve Energy Co. Ltd., Class A | 3,800 | 22,412 | ||||||
| Everbright Securities Co. Ltd., Class A | 6,197 | 14,089 | ||||||
| Everdisplay Optronics Shanghai Co. Ltd.(a) | 8,200 | 3,087 | ||||||
| Fangda Carbon New Material Co. Ltd., Class A(a) | 20,540 | 16,619 | ||||||
| Far East Horizon Ltd. | 4,000 | 2,929 | ||||||
| First Capital Securities Co. Ltd., Class A | 16,800 | 14,354 | ||||||
| Focus Media Information Technology Co. Ltd., Class A | 22,439 | 20,524 | ||||||
| Foshan Haitian Flavouring & Food Co. Ltd., Class A | 5,741 | 30,626 | ||||||
| Fosun International Ltd. | 41,000 | 23,338 | ||||||
| Founder Securities Co. Ltd., Class A | 7,800 | 9,474 | ||||||
| Foxconn Industrial Internet Co. Ltd., Class A | 12,300 | 25,998 | ||||||
| Fujian Sunner Development Co. Ltd., Class A | 4,100 | 10,398 | ||||||
| Fuyao Glass Industry Group Co. Ltd., Class H(b) | 16,400 | 76,883 | ||||||
| Ganfeng Lithium Co. Ltd., Class H(b) | 8,200 | 26,228 | ||||||
| Ganfeng Lithium Group Co. Ltd., Class A | 4,100 | 22,380 | ||||||
| GCL-Poly Energy Holdings Ltd. | 451,000 | 59,995 | ||||||
| GD Power Development Co. Ltd., Class A | 27,300 | 15,084 | ||||||
| GDS Holdings Ltd.(a) | 21,932 | 27,839 | ||||||
| Geely Automobile Holdings Ltd. | 123,000 | 133,834 | ||||||
| GEM Co. Ltd., Class A | 24,699 | 19,487 | ||||||
| Gemdale Corp., Class A | 8,200 | 5,869 | ||||||
| Genscript Biotech Corp.(a) | 26,000 | 72,264 | ||||||
| GF Securities Co. Ltd., Class A | 8,200 | 16,528 | ||||||
| GF Securities Co. Ltd., Class H | 16,400 | 20,513 | ||||||
| GigaDevice Semiconductor Inc., Class A | 2,400 | 31,603 | ||||||
| GoerTek Inc., Class A | 4,100 | 10,329 | ||||||
| Goldwind Science & Technology Co Ltd., Class A | 9,653 | 11,748 | ||||||
| Great Wall Motor Co. Ltd. | 4,100 | 15,427 | ||||||
| Great Wall Motor Co. Ltd., Class H | 41,000 | 59,081 | ||||||
| Gree Electric Appliances Inc. of Zhuhai, Class A | 4,100 | 18,878 | ||||||
| Greentown China Holdings Ltd. | 20,500 | 21,807 | ||||||
| Guangdong Haid Group Co. Ltd., Class A | 4,100 | 25,355 | ||||||
2
| Schedule of Investments (unaudited) (continued) | iShares® MSCI BIC ETF |
November 30, 2023 |
(Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| Guangdong Investment Ltd. | 82,000 | $ | 56,910 | |||||
| Guanghui Energy Co. Ltd., Class A | 8,000 | 8,119 | ||||||
| Guangzhou Automobile Group Co. Ltd., Class H | 82,235 | 38,106 | ||||||
| Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A | 4,100 | 17,290 | ||||||
| Guangzhou Tinci Materials Technology Co. Ltd., Class A | 3,000 | 10,156 | ||||||
| Guosen Securities Co. Ltd., Class A | 8,200 | 10,894 | ||||||
| Guotai Junan Securities Co. Ltd., Class A | 14,900 | 31,469 | ||||||
| Guoyuan Securities Co. Ltd., Class A | 12,320 | 11,877 | ||||||
| H World Group Ltd., ADR(a) | 4,100 | 149,978 | ||||||
| Haidilao International Holding Ltd.(b) | 32,000 | 63,503 | ||||||
| Haier Smart Home Co. Ltd., Class A | 8,279 | 25,646 | ||||||
| Haier Smart Home Co. Ltd., Class H | 49,200 | 142,268 | ||||||
| Haitian International Holdings Ltd. | 16,000 | 40,728 | ||||||
| Haitong Securities Co. Ltd., Class A | 12,300 | 16,724 | ||||||
| Haitong Securities Co. Ltd., Class H | 49,200 | 27,572 | ||||||
| Hangzhou First Applied Material Co. Ltd., Class A | 3,100 | 10,074 | ||||||
| Hangzhou Tigermed Consulting Co. Ltd., Class A | 100 | 870 | ||||||
| Hansoh Pharmaceutical Group Co. Ltd.(b) | 24,000 | 48,503 | ||||||
| Henan Shuanghui Investment & Development Co. Ltd., Class A | 8,200 | 29,927 | ||||||
| Hengan International Group Co. Ltd. | 14,000 | 51,114 | ||||||
| Hengli Petrochemical Co. Ltd., Class A(a) | 8,200 | 16,102 | ||||||
| Hengyi Petrochemical Co. Ltd., Class A(a) | 12,330 | 11,839 | ||||||
| Hesteel Co. Ltd., Class A | 28,700 | 8,713 | ||||||
| Hithink RoyalFlush Information Network Co. Ltd., Class A | 1,200 | 23,590 | ||||||
| Huadian Power International Corp. Ltd., Class A | 12,300 | 8,813 | ||||||
| Huadong Medicine Co. Ltd., Class A | 7,000 | 39,956 | ||||||
| Hualan Biological Engineering Inc., Class A | 6,050 | 20,452 | ||||||
| Huaneng Power International Inc., Class A(a) | 16,400 | 17,694 | ||||||
| Huaneng Power International Inc., Class H(a) | 82,000 | 42,676 | ||||||
| Huatai Securities Co. Ltd., Class A | 14,200 | 28,447 | ||||||
| Huatai Securities Co. Ltd., Class H(b) | 16,400 | 20,513 | ||||||
| Huaxia Bank Co. Ltd., Class A | 20,500 | 16,639 | ||||||
| Huayu Automotive Systems Co. Ltd., Class A | 8,299 | 20,196 | ||||||
| Huizhou Desay Sv Automotive Co. Ltd., Class A | 1,700 | 30,885 | ||||||
| Hunan Valin Steel Co. Ltd., Class A | 12,300 | 9,516 | ||||||
| Hundsun Technologies Inc., Class A | 3,100 | 13,025 | ||||||
| Hygeia Healthcare Holdings Co. Ltd.(b)(d) | 8,200 | 50,431 | ||||||
| Hygon Information Technology Co. Ltd., NVS | 3,943 | 39,600 | ||||||
| Iflytek Co. Ltd., Class A | 3,129 | 19,591 | ||||||
| Industrial & Commercial Bank of China Ltd., Class A | 73,800 | 49,672 | ||||||
| Industrial & Commercial Bank of China Ltd., Class H | 1,312,050 | 624,309 | ||||||
| Industrial Bank Co. Ltd., Class A | 24,600 | 50,243 | ||||||
| Industrial Securities Co. Ltd., Class A | 16,400 | 13,945 | ||||||
| Inner Mongolia BaoTou Steel Union Co. Ltd., Class A(a) | 77,900 | 16,685 | ||||||
| Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A | 32,800 | 17,811 | ||||||
| Inner Mongolia Yili Industrial Group Co. Ltd., Class A | 8,200 | 31,295 | ||||||
| Inner Mongolia Yitai Coal Co. Ltd., Class B(a) | 28,700 | 40,816 | ||||||
| Innovent Biologics Inc.(a)(b) | 20,500 | 120,057 | ||||||
| Inspur Electronic Information Industry Co. Ltd., Class A | 1,983 | 9,776 | ||||||
| iQIYI Inc., ADR(a) | 9,245 | 41,510 | ||||||
| JA Solar Technology Co. Ltd., Class A | 4,700 | 13,089 | ||||||
| JCET Group Co. Ltd., Class A | 2,400 | 10,262 | ||||||
| JD Health International Inc.(a)(b) | 22,550 | 107,205 | ||||||
| JD Logistics Inc.(a)(b) | 36,900 | 45,258 | ||||||
| JD.com Inc. | 47,170 | 643,403 | ||||||
| Jiangsu Eastern Shenghong Co. Ltd., Class A | 8,200 | 11,613 | ||||||
| Jiangsu Expressway Co. Ltd., Class H | 38,000 | 34,122 | ||||||
| Jiangsu Hengli Hydraulic Co. Ltd., Class A | 2,700 | 21,259 | ||||||
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| Jiangsu Hengrui Medicine Co. Ltd., Class A | 8,368 | $ | 56,193 | |||||
| Jiangsu King’s Luck Brewery JSC Ltd., Class A | 2,200 | 16,566 | ||||||
| Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A | 2,300 | 37,527 | ||||||
| Jiangsu Zhongtian Technology Co. Ltd., Class A | 4,100 | 7,443 | ||||||
| Jiangxi Copper Co. Ltd., Class A | 8,200 | 20,332 | ||||||
| Jinduicheng Molybdenum Co. Ltd., Class A | 4,100 | 5,444 | ||||||
| Jinko Solar Co. Ltd. | 8,200 | 10,186 | ||||||
| JOYY Inc., ADR | 1,107 | 42,520 | ||||||
| Kanzhun Ltd., ADR(a) | 4,100 | 67,773 | ||||||
| KE Holdings Inc., ADR | 13,981 | 222,717 | ||||||
| Kingboard Holdings Ltd. | 20,500 | 49,353 | ||||||
| Kingboard Laminates Holdings Ltd. | 20,500 | 17,855 | ||||||
| Kingdee International Software Group Co. Ltd.(a) | 53,000 | 73,575 | ||||||
| Kingsoft Corp. Ltd. | 16,600 | 53,017 | ||||||
| Kuaishou Technology(a)(b) | 49,200 | 362,769 | ||||||
| Kunlun Energy Co. Ltd. | 82,000 | 75,772 | ||||||
| Kweichow Moutai Co. Ltd., Class A | 1,600 | 401,061 | ||||||
| LB Group Co. Ltd., Class A | 5,300 | 12,791 | ||||||
| Legend Biotech Corp., ADR(a) | 1,230 | 74,809 | ||||||
| Lenovo Group Ltd. | 164,000 | 202,395 | ||||||
| Lens Technology Co. Ltd., Class A | 9,000 | 16,455 | ||||||
| Lepu Medical Technology Beijing Co. Ltd., Class A | 4,100 | 9,851 | ||||||
| Li Auto Inc.(a) | 23,318 | 431,146 | ||||||
| Li Ning Co. Ltd. | 53,500 | 148,880 | ||||||
| Lingyi iTech Guangdong Co., Class A | 15,700 | 14,716 | ||||||
| Longfor Group Holdings Ltd.(b) | 41,000 | 72,493 | ||||||
| LONGi Green Energy Technology Co. Ltd., Class A | 9,848 | 29,243 | ||||||
| Lufax Holding Ltd., ADR | 13,530 | 11,486 | ||||||
| Luxshare Precision Industry Co. Ltd., Class A | 8,702 | 38,739 | ||||||
| Luzhou Laojiao Co. Ltd., Class A | 1,600 | 46,391 | ||||||
| Mango Excellent Media Co. Ltd., Class A | 3,200 | 11,557 | ||||||
| Maxscend Microelectronics Co. Ltd., Class A | 1,400 | 27,133 | ||||||
| Meinian Onehealth Healthcare Holdings Co. Ltd., Class A(a) | 8,453 | 7,319 | ||||||
| Meituan, Class B(a)(b) | 103,960 | 1,203,493 | ||||||
| Metallurgical Corp. of China Ltd., Class A | 32,800 | 14,231 | ||||||
| Microport Scientific Corp.(a) | 20,500 | 32,841 | ||||||
| Minth Group Ltd. | 16,000 | 34,659 | ||||||
| Montage Technology Co. Ltd., Class A | 3,600 | 29,712 | ||||||
| Muyuan Foods Co. Ltd., Class A | 8,678 | 47,478 | ||||||
| Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd., Class A | 4,145 | 9,068 | ||||||
| NARI Technology Co. Ltd., Class A | 13,088 | 40,331 | ||||||
| NAURA Technology Group Co. Ltd., Class A | 1,200 | 39,386 | ||||||
| NavInfo Co. Ltd., Class A(a) | 5,608 | 7,690 | ||||||
| NetEase Inc. | 40,875 | 922,073 | ||||||
| New China Life Insurance Co. Ltd., Class A | 4,100 | 17,955 | ||||||
| New China Life Insurance Co. Ltd., Class H | 12,300 | 24,440 | ||||||
| New Hope Liuhe Co. Ltd., Class A(a) | 12,300 | 17,212 | ||||||
| New Oriental Education & Technology Group Inc.(a) | 28,730 | 233,672 | ||||||
| Nine Dragons Paper Holdings Ltd.(d) | 41,000 | 20,530 | ||||||
| Ninestar Corp., Class A | 2,500 | 9,673 | ||||||
| Ningbo Shanshan Co. Ltd. | 4,100 | 7,656 | ||||||
| Ningbo Tuopu Group Co. Ltd., Class A | 3,500 | 36,091 | ||||||
| Ningxia Baofeng Energy Group Co. Ltd., Class A | 13,000 | 26,684 | ||||||
| NIO Inc., ADR(a)(d) | 28,782 | 209,245 | ||||||
| Nongfu Spring Co. Ltd., Class H(b) | 41,000 | 233,855 | ||||||
| Offshore Oil Engineering Co. Ltd., Class A | 4,124 | 3,703 | ||||||
| Orient Overseas International Ltd. | 2,500 | 30,059 | ||||||
| Orient Securities Co. Ltd., Class A | 12,688 | 15,465 | ||||||
| Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A(a) | 20,500 | 9,727 | ||||||
3
| Schedule of Investments (unaudited) (continued) | iShares® MSCI BIC ETF |
November 30, 2023 |
(Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| People’s Insurance Co. Group of China Ltd. (The), Class A | 12,300 | $ | 8,698 | |||||
| People’s Insurance Co. Group of China Ltd. (The), Class H | 164,000 | 53,124 | ||||||
| Perfect World Co. Ltd., Class A | 4,150 | 7,321 | ||||||
| PetroChina Co. Ltd., Class A | 24,600 | 24,672 | ||||||
| PetroChina Co. Ltd., Class H | 420,000 | 274,837 | ||||||
| PICC Property & Casualty Co. Ltd., Class H | 164,322 | 190,884 | ||||||
| Pinduoduo Inc., ADR(a) | 12,341 | 1,819,557 | ||||||
| Ping An Bank Co. Ltd., Class A | 20,500 | 27,769 | ||||||
| Ping An Healthcare and Technology Co. Ltd.(a)(b)(d) | 12,900 | 28,782 | ||||||
| Ping An Insurance Group Co. of China Ltd., Class A | 13,100 | 74,836 | ||||||
| Ping An Insurance Group Co. of China Ltd., Class H | 138,500 | 635,251 | ||||||
| Poly Developments and Holdings Group Co. Ltd., Class A | 12,300 | 17,649 | ||||||
| Pop Mart International Group Ltd.(b) | 8,200 | 24,606 | ||||||
| Postal Savings Bank of China Co. Ltd., Class A | 36,900 | 22,659 | ||||||
| Postal Savings Bank of China Co. Ltd., Class H(b) | 164,000 | 72,754 | ||||||
| Power Construction Corp. of China Ltd., Class A | 24,600 | 17,171 | ||||||
| Qifu Technology Inc. | 2,574 | 39,948 | ||||||
| Qinghai Salt Lake Industry Co. Ltd., Class A(a) | 8,200 | 18,182 | ||||||
| Rongsheng Petrochemical Co. Ltd., Class A | 13,950 | 20,979 | ||||||
| SAIC Motor Corp. Ltd., Class A | 12,300 | 25,601 | ||||||
| Sanan Optoelectronics Co. Ltd., Class A | 8,200 | 15,929 | ||||||
| Sany Heavy Equipment International Holdings Co. Ltd. | 41,000 | 42,620 | ||||||
| Sany Heavy Industry Co. Ltd., Class A | 12,353 | 23,585 | ||||||
| SDIC Power Holdings Co. Ltd., Class A | 8,200 | 14,229 | ||||||
| Seres Group Co. Ltd., NVS(a) | 2,700 | 28,598 | ||||||
| SF Holding Co. Ltd., Class A | 8,200 | 48,436 | ||||||
| Shaanxi Coal Industry Co. Ltd., Class A | 11,505 | 31,346 | ||||||
| Shandong Gold Mining Co. Ltd., Class A | 7,180 | 23,350 | ||||||
| Shandong Gold Mining Co. Ltd., Class H(b) | 10,250 | 20,240 | ||||||
| Shandong Hualu Hengsheng Chemical Co. Ltd., Class A | 6,140 | 25,639 | ||||||
| Shandong Nanshan Aluminum Co. Ltd., Class A | 45,100 | 18,179 | ||||||
| Shandong Weigao Group Medical Polymer Co. Ltd., Class H | 49,200 | 46,702 | ||||||
| Shanghai Baosight Software Co. Ltd., Class B | 14,880 | 28,012 | ||||||
| Shanghai Construction Group Co. Ltd., Class A | 12,300 | 4,300 | ||||||
| Shanghai Electric Group Co. Ltd., Class A(a) | 41,000 | 25,310 | ||||||
| Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A | 8,600 | 33,579 | ||||||
| Shanghai Fudan Microelectronics Group Co. Ltd. | 1,327 | 8,309 | ||||||
| Shanghai Pharmaceuticals Holding Co. Ltd., Class A | 4,100 | 10,309 | ||||||
| Shanghai Pharmaceuticals Holding Co. Ltd., Class H | 16,400 | 23,774 | ||||||
| Shanghai Pudong Development Bank Co. Ltd., Class A | 36,900 | 35,356 | ||||||
| Shanghai Putailai New Energy Technology Co. Ltd., Class A | 4,100 | 13,172 | ||||||
| Shanghai RAAS Blood Products Co. Ltd., Class A | 20,900 | 23,228 | ||||||
| Shanghai United Imaging Healthcare Co. Ltd., NVS | 2,363 | 47,285 | ||||||
| Shanghai Yuyuan Tourist Mart Group Co. Ltd., Class A | 8,200 | 7,398 | ||||||
| Shanxi Coking Coal Energy Group Co. Ltd., Class A | 8,200 | 11,163 | ||||||
| Shanxi Lu’an Environmental Energy Development Co. Ltd., Class A | 3,652 | 11,172 | ||||||
| Shanxi Meijin Energy Co. Ltd., Class A(a) | 12,300 | 12,445 | ||||||
| Shanxi Securities Co. Ltd., Class A | 16,860 | 13,162 | ||||||
| Shanxi Taigang Stainless Steel Co. Ltd., Class A | 12,300 | 6,644 | ||||||
| Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A | 1,360 | 45,428 | ||||||
| Shenghe Resources Holding Co. Ltd., Class A | 8,200 | 11,879 | ||||||
| Shengyi Technology Co. Ltd., Class A | 5,200 | 12,463 | ||||||
| Shenwan Hongyuan Group Co. Ltd., Class A | 47,194 | 29,769 | ||||||
| Shenzhen Energy Group Co. Ltd., Class A | 17,820 | 15,236 | ||||||
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| Shenzhen Inovance Technology Co. Ltd., Class A | 2,997 | $ | 27,644 | |||||
| Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A | 1,600 | 65,033 | ||||||
| Shenzhen New Industries Biomedical Engineering Co. Ltd., Class A | 2,800 | 27,529 | ||||||
| Shenzhen Overseas Chinese Town Co. Ltd., Class A(a) | 12,300 | 5,930 | ||||||
| Shenzhen Transsion Holding Co. Ltd., Class A | 1,173 | 18,160 | ||||||
| Shenzhou International Group Holdings Ltd. | 16,400 | 164,195 | ||||||
| Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A | 2,500 | 8,794 | ||||||
| Sichuan Chuantou Energy Co. Ltd., Class A | 12,305 | 24,589 | ||||||
| Sichuan Road & Bridge Co. Ltd., Class A | 13,688 | 14,771 | ||||||
| Sino Biopharmaceutical Ltd. | 181,000 | 88,786 | ||||||
| Sinopec Shanghai Petrochemical Co. Ltd., Class A(a) | 16,400 | 6,698 | ||||||
| Sinopharm Group Co. Ltd., Class H | 32,800 | 81,287 | ||||||
| Sinotruk Hong Kong Ltd. | 20,500 | 42,526 | ||||||
| Smoore International Holdings Ltd.(b)(d) | 41,000 | 35,803 | ||||||
| Songcheng Performance Development Co. Ltd., Class A | 8,380 | 12,322 | ||||||
| SooChow Securities Co. Ltd., Class A | 12,352 | 13,252 | ||||||
| Sungrow Power Supply Co. Ltd., Class A | 2,900 | 33,764 | ||||||
| Sunny Optical Technology Group Co. Ltd. | 12,400 | 117,428 | ||||||
| Sunwoda Electronic Co. Ltd., Class A | 4,000 | 8,508 | ||||||
| Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A | 4,100 | 10,693 | ||||||
| TAL Education Group, ADR(a) | 9,348 | 117,130 | ||||||
| TBEA Co. Ltd., Class A | 10,660 | 20,786 | ||||||
| TCL Technology Group Corp., Class A(a) | 39,150 | 22,906 | ||||||
| TCL Zhonghuan Renewable Energy Technology Co. Ltd., Class A | 6,250 | 14,583 | ||||||
| Tencent Holdings Ltd. | 137,500 | 5,728,133 | ||||||
| Tencent Music Entertainment Group, ADR(a) | 14,924 | 127,003 | ||||||
| Tianma Microelectronics Co. Ltd., Class A(a) | 7,700 | 11,721 | ||||||
| Tianqi Lithium Corp., Class A | 3,600 | 25,219 | ||||||
| Tianshui Huatian Technology Co. Ltd., Class A | 14,800 | 18,514 | ||||||
| Tingyi Cayman Islands Holding Corp. | 46,000 | 57,893 | ||||||
| Tongcheng Travel Holdings Ltd.(a) | 16,400 | 30,149 | ||||||
| TongFu Microelectronics Co. Ltd., Class A | 2,800 | 8,909 | ||||||
| Tongling Nonferrous Metals Group Co. Ltd., Class A | 45,100 | 19,187 | ||||||
| Tongwei Co. Ltd., Class A | 5,795 | 19,865 | ||||||
| Topsports International Holdings Ltd.(b) | 41,000 | 33,322 | ||||||
| TravelSky Technology Ltd., Class H | 18,000 | 30,324 | ||||||
| Trina Solar Co. Ltd. | 3,100 | 11,696 | ||||||
| Trip.com Group Ltd.(a) | 11,100 | 389,871 | ||||||
| Tsingtao Brewery Co. Ltd., Class H | 12,000 | 79,295 | ||||||
| Unigroup Guoxin Microelectronics Co. Ltd., Class A(a) | 3,500 | 35,484 | ||||||
| Uni-President China Holdings Ltd. | 41,000 | 26,224 | ||||||
| Unisplendour Corp. Ltd., Class A(a) | 4,380 | 12,395 | ||||||
| Vipshop Holdings Ltd., ADR(a) | 7,216 | 115,672 | ||||||
| Walvax Biotechnology Co. Ltd., Class A | 4,100 | 14,189 | ||||||
| Wanhua Chemical Group Co. Ltd., Class A | 3,300 | 37,203 | ||||||
| Want Want China Holdings Ltd. | 82,000 | 48,015 | ||||||
| Weibo Corp., ADR | 1,476 | 14,922 | ||||||
| Weichai Power Co. Ltd., Class A | 7,200 | 15,020 | ||||||
| Weichai Power Co. Ltd., Class H | 41,100 | 75,625 | ||||||
| Wens Foodstuffs Group Co. Ltd., Class A | 10,240 | 27,602 | ||||||
| Western Securities Co. Ltd., Class A | 20,500 | 18,920 | ||||||
| Will Semiconductor Co. Ltd. Shanghai, Class A | 1,475 | 22,334 | ||||||
| Wingtech Technology Co. Ltd., Class A(a) | 2,300 | 15,526 | ||||||
| Wuhan Guide Infrared Co. Ltd., Class A | 17,024 | 18,494 | ||||||
| Wuliangye Yibin Co. Ltd., Class A | 4,400 | 91,566 | ||||||
| WUS Printed Circuit Kunshan Co. Ltd., Class A | 3,160 | 9,146 | ||||||
| WuXi AppTec Co. Ltd., Class A | 4,128 | 47,612 | ||||||
| WuXi AppTec Co. Ltd., Class H(b) | 8,287 | 96,940 | ||||||
4
| Schedule of Investments (unaudited) (continued) | iShares® MSCI BIC ETF |
November 30, 2023 |
(Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| China (continued) | ||||||||
| Wuxi Biologics Cayman Inc.(a)(b) | 82,000 | $ | 455,271 | |||||
| XCMG Construction Machinery Co. Ltd., Class A | 19,000 | 14,700 | ||||||
| Xiamen C & D Inc., Class A | 4,100 | 5,424 | ||||||
| Xiaomi Corp., Class B(a)(b) | 311,600 | 621,965 | ||||||
| Xinyi Solar Holdings Ltd. | 124,000 | 71,137 | ||||||
| XPeng Inc.(a) | 22,826 | 190,225 | ||||||
| Xtep International Holdings Ltd. | 41,000 | 23,675 | ||||||
| Yadea Group Holdings Ltd.(b) | 28,000 | 52,652 | ||||||
| Yankuang Energy Group Co. Ltd., Class H | 43,000 | 79,880 | ||||||
| Yonyou Network Technology Co. Ltd., Class A | 4,630 | 10,820 | ||||||
| Youngor Group Co. Ltd., Class A | 4,100 | 3,893 | ||||||
| Yuexiu Property Co. Ltd. | 41,400 | 37,710 | ||||||
| Yum China Holdings Inc. | 8,651 | 373,550 | ||||||
| Yunda Holding Co. Ltd., Class A | 6,230 | 7,488 | ||||||
| Yunnan Aluminium Co. Ltd., Class A | 4,075 | 7,336 | ||||||
| Yunnan Baiyao Group Co. Ltd., Class A | 4,108 | 28,910 | ||||||
| Yunnan Energy New Material Co. Ltd., Class A | 1,700 | 14,019 | ||||||
| Yutong Bus Co. Ltd., Class A | 4,100 | 7,723 | ||||||
| Zai Lab Ltd.(a) | 21,050 | 57,582 | ||||||
| Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A | 900 | 31,858 | ||||||
| Zhaojin Mining Industry Co. Ltd., Class H(d) | 41,000 | 53,102 | ||||||
| Zhejiang Century Huatong Group Co. Ltd., Class A(a) | 12,300 | 9,604 | ||||||
| Zhejiang China Commodities City Group Co. Ltd., Class A | 4,100 | 4,559 | ||||||
| Zhejiang Chint Electrics Co. Ltd., Class A | 4,100 | 12,587 | ||||||
| Zhejiang Dahua Technology Co. Ltd., Class A | 4,100 | 11,088 | ||||||
| Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A | 2,300 | 13,892 | ||||||
| Zhejiang Juhua Co. Ltd., Class A | 4,100 | 9,116 | ||||||
| Zhejiang Leapmotor Technology Co. Ltd.(a)(b) | 9,200 | 47,229 | ||||||
| Zhejiang NHU Co. Ltd., Class A | 8,243 | 19,621 | ||||||
| Zheshang Securities Co. Ltd., Class A | 9,200 | 13,514 | ||||||
| ZhongAn Online P&C Insurance Co. Ltd., Class H(a)(b) | 12,300 | 31,035 | ||||||
| Zhongji Innolight Co. Ltd., Class A | 1,600 | 21,252 | ||||||
| Zhongsheng Group Holdings Ltd. | 20,500 | 48,988 | ||||||
| Zhongtai Securities Co. Ltd. | 16,400 | 16,497 | ||||||
| Zhuzhou CRRC Times Electric Co. Ltd. | 12,300 | 38,840 | ||||||
| Zijin Mining Group Co. Ltd., Class A | 24,600 | 41,967 | ||||||
| Zijin Mining Group Co. Ltd., Class H | 119,000 | 188,451 | ||||||
| Zoomlion Heavy Industry Science and Technology Co. Ltd., Class A | 15,400 | 13,898 | ||||||
| ZTE Corp., Class A | 4,100 | 14,707 | ||||||
| ZTE Corp., Class H | 16,448 | 35,856 | ||||||
| ZTO Express Cayman Inc., ADR | 8,856 | 197,666 | ||||||
| 39,270,352 | ||||||||
| India — 32.1% | ||||||||
| ABB India Ltd. | 1,230 | 65,242 | ||||||
| Adani Enterprises Ltd. | 3,563 | 100,951 | ||||||
| Adani Green Energy Ltd.(a) | 6,642 | 81,940 | ||||||
| Adani Ports & Special Economic Zone Ltd. | 10,906 | 108,113 | ||||||
| Adani Power Ltd.(a) | 15,990 | 82,736 | ||||||
| Ambuja Cements Ltd. | 12,874 | 67,900 | ||||||
| APL Apollo Tubes Ltd. | 2,510 | 50,795 | ||||||
| Apollo Hospitals Enterprise Ltd. | 2,132 | 141,436 | ||||||
| Ashok Leyland Ltd. | 28,700 | 63,052 | ||||||
| Asian Paints Ltd. | 7,913 | 296,045 | ||||||
| Astral Ltd. | 2,132 | 49,906 | ||||||
| AU Small Finance Bank Ltd.(b) | 3,454 | 30,774 | ||||||
| Aurobindo Pharma Ltd. | 5,658 | 70,626 | ||||||
| Avenue Supermarts Ltd.(a)(b) | 3,362 | 159,296 | ||||||
| Axis Bank Ltd. | 46,737 | 603,421 | ||||||
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| Bajaj Auto Ltd. | 1,435 | $ | 105,001 | |||||
| Bajaj Finance Ltd. | 5,658 | 483,679 | ||||||
| Bajaj Finserv Ltd. | 8,122 | 163,304 | ||||||
| Bajaj Holdings & Investment Ltd. | 574 | 50,655 | ||||||
| Balkrishna Industries Ltd. | 1,665 | 51,506 | ||||||
| Bandhan Bank Ltd.(b) | 15,558 | 42,240 | ||||||
| Bank of Baroda | 22,140 | 52,409 | ||||||
| Berger Paints India Ltd. | 6,397 | 44,061 | ||||||
| Bharat Electronics Ltd. | 75,236 | 131,863 | ||||||
| Bharat Forge Ltd. | 5,359 | 72,062 | ||||||
| Bharat Petroleum Corp. Ltd. | 15,252 | 79,829 | ||||||
| Bharti Airtel Ltd. | 46,002 | 560,617 | ||||||
| Britannia Industries Ltd. | 2,173 | 126,343 | ||||||
| CG Power and Industrial Solutions Ltd. | 14,063 | 75,833 | ||||||
| Cholamandalam Investment and Finance Co. Ltd. | 8,938 | 119,975 | ||||||
| Cipla Ltd. | 10,496 | 152,642 | ||||||
| Coal India Ltd. | 32,513 | 133,654 | ||||||
| Colgate-Palmolive India Ltd. | 1,722 | 45,417 | ||||||
| Container Corp. of India Ltd. | 5,822 | 54,261 | ||||||
| Cummins India Ltd. | 2,419 | 55,404 | ||||||
| Dabur India Ltd. | 12,710 | 81,971 | ||||||
| Divi’s Laboratories Ltd. | 2,501 | 113,667 | ||||||
| DLF Ltd. | 14,022 | 105,357 | ||||||
| Dr. Reddy’s Laboratories Ltd. | 2,255 | 156,676 | ||||||
| Eicher Motors Ltd. | 2,870 | 134,283 | ||||||
| GAIL India Ltd. | 45,958 | 72,746 | ||||||
| Godrej Consumer Products Ltd. | 8,118 | 98,156 | ||||||
| Godrej Properties Ltd.(a) | 2,911 | 65,569 | ||||||
| Grasim Industries Ltd. | 5,658 | 136,317 | ||||||
| Havells India Ltd. | 5,330 | 83,345 | ||||||
| HCL Technologies Ltd. | 19,557 | 315,133 | ||||||
| HDFC Asset Management Co. Ltd.(b) | 1,681 | 59,854 | ||||||
| HDFC Bank Ltd. | 57,840 | 1,084,349 | ||||||
| HDFC Life Insurance Co. Ltd.(b) | 20,336 | 168,793 | ||||||
| Hero MotoCorp Ltd. | 2,091 | 95,877 | ||||||
| Hindalco Industries Ltd. | 25,707 | 159,425 | ||||||
| Hindustan Aeronautics Ltd., NVS | 3,444 | 98,438 | ||||||
| Hindustan Petroleum Corp. Ltd.(a) | 13,038 | 54,408 | ||||||
| Hindustan Unilever Ltd. | 16,892 | 515,795 | ||||||
| ICICI Bank Ltd. | 106,217 | 1,186,202 | ||||||
| ICICI Lombard General Insurance Co. Ltd.(b) | 4,841 | 86,020 | ||||||
| ICICI Prudential Life Insurance Co. Ltd.(b) | 7,545 | 50,930 | ||||||
| IDFC First Bank Ltd.(a) | 63,394 | 64,907 | ||||||
| Indian Hotels Co. Ltd. (The), Class A | 17,653 | 89,355 | ||||||
| Indian Oil Corp. Ltd. | 55,063 | 73,924 | ||||||
| Indian Railway Catering & Tourism Corp. Ltd. | 6,314 | 53,489 | ||||||
| Indraprastha Gas Ltd. | 6,929 | 32,375 | ||||||
| IndusInd Bank Ltd. | 4,665 | 82,013 | ||||||
| Info Edge India Ltd. | 1,558 | 86,302 | ||||||
| Infosys Ltd. | 68,552 | 1,198,224 | ||||||
| InterGlobe Aviation Ltd.(a)(b) | 2,870 | 93,187 | ||||||
| ITC Ltd. | 61,090 | 319,354 | ||||||
| Jindal Steel & Power Ltd. | 7,913 | 63,873 | ||||||
| Jio Financial Services Ltd., NVS(a) | 63,919 | 175,829 | ||||||
| JSW Steel Ltd. | 12,792 | 123,123 | ||||||
| Jubilant Foodworks Ltd. | 8,077 | 54,400 | ||||||
| Kotak Mahindra Bank Ltd. | 22,632 | 477,118 | ||||||
| Larsen & Toubro Infotech Ltd.(b) | 1,871 | 124,462 | ||||||
| Larsen & Toubro Ltd. | 13,801 | 515,200 | ||||||
| Lupin Ltd. | 4,100 | 62,989 | ||||||
| Macrotech Developers Ltd. | 4,822 | 50,982 | ||||||
| Mahindra & Mahindra Ltd. | 19,393 | 383,613 | ||||||
5
| Schedule of Investments (unaudited) (continued) | iShares® MSCI BIC ETF |
November 30, 2023 |
(Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| Marico Ltd. | 9,594 | $ | 62,001 | |||||
| Maruti Suzuki India Ltd. | 2,788 | 354,967 | ||||||
| Max Healthcare Institute Ltd. | 16,482 | 125,577 | ||||||
| Mphasis Ltd. | 1,599 | 45,246 | ||||||
| MRF Ltd. | 41 | 54,944 | ||||||
| Muthoot Finance Ltd. | 3,075 | 54,729 | ||||||
| Nestle India Ltd. | 697 | 202,536 | ||||||
| NTPC Ltd. | 85,977 | 269,643 | ||||||
| Oil & Natural Gas Corp. Ltd. | 62,115 | 145,152 | ||||||
| One 97 Communications Ltd., NVS(a) | 4,076 | 42,809 | ||||||
| Page Industries Ltd. | 123 | 55,003 | ||||||
| Persistent Systems Ltd. | 786 | 60,321 | ||||||
| Petronet LNG Ltd. | 16,113 | 39,254 | ||||||
| PI Industries Ltd. | 1,804 | 81,573 | ||||||
| Pidilite Industries Ltd. | 3,321 | 101,625 | ||||||
| Polycab India Ltd. | 700 | 44,218 | ||||||
| Power Finance Corp. Ltd. | 31,736 | 127,564 | ||||||
| Power Grid Corp. of India Ltd. | 89,161 | 223,620 | ||||||
| REC Ltd. | 21,443 | 89,693 | ||||||
| Reliance Industries Ltd. | 62,812 | 1,792,782 | ||||||
| Samvardhana Motherson International Ltd. | 48,093 | 53,203 | ||||||
| SBI Cards & Payment Services Ltd. | 5,494 | 48,740 | ||||||
| SBI Life Insurance Co. Ltd.(b) | 9,266 | 159,720 | ||||||
| Shree Cement Ltd. | 205 | 65,798 | ||||||
| Shriram Transport Finance Co. Ltd. | 5,822 | 140,256 | ||||||
| Siemens Ltd. | 1,804 | 79,209 | ||||||
| Sona Blw Precision Forgings Ltd.(b) | 9,143 | 61,228 | ||||||
| SRF Ltd. | 3,116 | 88,562 | ||||||
| State Bank of India | 37,146 | 252,052 | ||||||
| Sun Pharmaceutical Industries Ltd. | 19,803 | 291,544 | ||||||
| Supreme Industries Ltd. | 1,148 | 61,080 | ||||||
| Suzlon Energy Ltd.(a) | 173,588 | 84,823 | ||||||
| Tata Communications Ltd. | 1,895 | 38,756 | ||||||
| Tata Consultancy Services Ltd. | 18,819 | 788,535 | ||||||
| Tata Consumer Products Ltd. | 11,275 | 127,315 | ||||||
| Tata Elxsi Ltd. | 779 | 77,206 | ||||||
| Tata Motors Ltd. | 34,727 | 294,588 | ||||||
| Tata Motors Ltd., Class A | 5,301 | 30,372 | ||||||
| Tata Power Co. Ltd. (The) | 29,889 | 96,076 | ||||||
| Tata Steel Ltd. | 149,691 | 230,039 | ||||||
| Tech Mahindra Ltd. | 11,439 | 167,695 | ||||||
| Titan Co. Ltd. | 7,339 | 307,484 | ||||||
| Torrent Pharmaceuticals Ltd. | 2,091 | 53,231 | ||||||
| Trent Ltd. | 3,895 | 130,319 | ||||||
| Tube Investments of India Ltd. | 2,501 | 101,143 | ||||||
| TVS Motor Co. Ltd. | 5,002 | 112,025 | ||||||
| UltraTech Cement Ltd. | 2,337 | 252,592 | ||||||
| United Spirits Ltd. | 6,068 | 76,410 | ||||||
| UPL Ltd. | 9,635 | 65,992 | ||||||
| Varun Beverages Ltd. | 10,250 | 136,080 | ||||||
| Vedanta Ltd. | 15,252 | 42,762 | ||||||
| Wipro Ltd. | 26,149 | 129,498 | ||||||
| Yes Bank Ltd.(a) | 282,900 | 65,689 | ||||||
| Zomato Ltd.(a) | 92,209 | 131,360 | ||||||
| 22,435,657 | ||||||||
| Kazakhstan — 0.0% | ||||||||
| Polymetal International PLC(a)(c) | 10,488 | 1 | ||||||
| Russia — 0.0% | ||||||||
| Alrosa PJSC(c) | 83,790 | 9 | ||||||
| Gazprom PJSC(a)(c) | 376,774 | 42 | ||||||
| Inter RAO UES PJSC(c) | 1,065,900 | 119 | ||||||
| Security | Shares | Value | ||||||
| Russia (continued) | ||||||||
| LUKOIL PJSC(c) | 12,996 | $ | 1 | |||||
| MMC Norilsk Nickel PJSC(a)(c) | 1,995 | — | ||||||
| Mobile TeleSystems PJSC(c) | 16,644 | 2 | ||||||
| Moscow Exchange MICEX-RTS PJSC(c) | 41,040 | 5 | ||||||
| Novatek PJSC(c) | 29,170 | 3 | ||||||
| Novolipetsk Steel PJSC(a)(c) | 41,610 | 5 | ||||||
| Ozon Holdings PLC, ADR(a)(c) | 1,881 | — | ||||||
| PhosAgro PJSC(a)(c) | 1,464 | — | ||||||
| PhosAgro PJSC, GDR(a)(c)(e) | 1 | — | ||||||
| PhosAgro PJSC, New(c) | 28 | — | ||||||
| Polyus PJSC(a)(c) | 1,083 | — | ||||||
| Rosneft Oil Co. PJSC(c) | 37,278 | 4 | ||||||
| Sberbank of Russia PJSC(c) | 331,170 | 37 | ||||||
| Severstal PAO(a)(c) | 6,669 | 1 | ||||||
| Surgutneftegas PJSC(c) | 182,410 | 20 | ||||||
| Tatneft PJSC(c) | 41,097 | 5 | ||||||
| TCS Group Holding PLC, GDR(a)(c)(e) | 3,884 | — | ||||||
| United Co. RUSAL International PJSC(a)(c) | 95,760 | 11 | ||||||
| VK Co. Ltd.(a)(c) | 4,446 | 1 | ||||||
| VTB Bank PJSC(a)(c) | 153,340,001 | 17 | ||||||
| X5 Retail Group NV, GDR(a)(c) | 2,622 | — | ||||||
| Yandex NV(a)(c) | 9,690 | 1 | ||||||
| 283 | ||||||||
| Total Common Stocks — 96.6% | ||||||||
| (Cost: $96,295,470) | 67,502,530 | |||||||
| Preferred Stocks | ||||||||
| Brazil — 3.1% | ||||||||
| Banco Bradesco SA, Preference Shares, NVS | 111,807 | 369,582 | ||||||
| Centrais Eletricas Brasileiras SA, Class B, Preference Shares, NVS | 4,510 | 41,114 | ||||||
| Cia. Energetica de Minas Gerais, Preference Shares, NVS | 27,902 | 62,753 | ||||||
| Cia. Paranaense de Energia, Preference Shares, NVS | 16,400 | 31,520 | ||||||
| Gerdau SA, Preference Shares, NVS | 22,962 | 101,933 | ||||||
| Itau Unibanco Holding SA, Preference Shares, NVS | 100,286 | 643,641 | ||||||
| Itausa SA, Preference Shares, NVS | 112,737 | 223,319 | ||||||
| Petroleo Brasileiro SA, Preference Shares, NVS | 98,810 | 720,892 | ||||||
| 2,194,754 | ||||||||
| Russia — 0.0% | ||||||||
| Surgutneftegas PJSC, Preference Shares, NVS(c) | 193,800 | 22 | ||||||
| Total Preferred Stocks — 3.1% | ||||||||
| (Cost: $1,402,405) | 2,194,776 | |||||||
| Rights | ||||||||
| China — 0.0% | ||||||||
| Kangmei Pharmaceutical Co. Ltd., (Expires 12/31/49) | 2,454 | — | ||||||
| Total Rights — 0.0% | ||||||||
| (Cost: $—) | — | |||||||
| Total Long-Term Investments — 99.7% | ||||||||
| (Cost: $97,697,875) | 69,697,306 | |||||||
| Short-Term Securities | ||||||||
| Money Market Funds — 1.2% | ||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares, 5.54%(f)(g)(h) | 490,464 | 490,709 | ||||||
6
| Schedule of Investments (unaudited) (continued) | iShares® MSCI BIC ETF |
November 30, 2023 |
(Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Money Market Funds (continued) | ||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares, 5.34%(f)(g) | 360,000 | $ | 360,000 | |||||
| Total Short-Term Securities — 1.2% | ||||||||
| (Cost: $850,330) | 850,709 | |||||||
| Total Investments — 100.9% | ||||||||
| (Cost: $98,548,205) | 70,548,015 | |||||||
| Liabilities in Excess of Other Assets — (0.9)% | (656,329 | ) | ||||||
| Net Assets — 100.0% | $ | 69,891,686 | ||||||
| (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) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. | |
| (d) | All or a portion of this security is on loan. | |
| (e) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. | |
| (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 November 30, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliated Issuer | Value
at 08/31/23 | Purchases at Cost | Proceeds from Sale | Net
Realized Gain (Loss) | Change
in Unrealized Appreciation (Depreciation) | Value
at 11/30/23 | Shares Held at 11/30/23 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 1,086,148 | $ | — | $ | (595,426 | )(a) | $ | (110 | ) | $ | 97 | $ | 490,709 | 490,464 | $ | 3,285 | (b) | $ | — | ||||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares | 330,000 | 30,000 | (a) | — | — | — | 360,000 | 360,000 | 10,355 | — | ||||||||||||||||||||||||||
| $ | (110 | ) | $ | 97 | $ | 850,709 | $ | 13,640 | $ | — | ||||||||||||||||||||||||||
| (a) | Represents net amount purchased (sold). |
| (b) | All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities. |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
| Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value/ Unrealized Appreciation (Depreciation) | ||||||||||
| Long Contracts | ||||||||||||||
| MSCI China Index | 3 | 12/15/23 | $ | 65 | $ | (3,064 | ) | |||||||
| MSCI Emerging Markets Index | 2 | 12/15/23 | 99 | 633 | ||||||||||
| $ | (2,431 | ) | ||||||||||||
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; |
7
| Schedule of Investments (unaudited) (continued) | iShares® MSCI BIC ETF |
November 30, 2023 |
Fair Value Hierarchy as of Period End (continued)
| ● | 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 | $ | 10,446,721 | $ | 57,055,525 | $ | 284 | $ | 67,502,530 | ||||||||
| Preferred Stocks | 2,194,754 | — | 22 | 2,194,776 | ||||||||||||
| Rights | — | — | — | — | ||||||||||||
| Short-Term Securities | ||||||||||||||||
| Money Market Funds | 850,709 | — | — | 850,709 | ||||||||||||
| $ | 13,492,184 | $ | 57,055,525 | $ | 306 | $ | 70,548,015 | |||||||||
| Derivative Financial Instruments(a) | ||||||||||||||||
| Assets | ||||||||||||||||
| Equity Contracts | $ | 633 | $ | — | $ | — | $ | 633 | ||||||||
| Liabilities | ||||||||||||||||
| Equity Contracts | — | (3,064 | ) | — | (3,064 | ) | ||||||||||
| $ | 633 | $ | (3,064 | ) | $ | — | (2,431 | ) | ||||||||
| (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 |
| GDR | Global Depositary Receipt |
| NVS | Non-Voting Shares |
| PJSC | Public Joint Stock Company |
8