Schedule of Investments (unaudited)	iShares® MSCI Australia ETF
November 30, 2023	(Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Banks — 24.4%
Australia & New Zealand Banking Group Ltd.		5,451,793	$	87,698,954
Commonwealth Bank of Australia		3,040,684		210,054,498
National Australia Bank Ltd.		5,676,125		106,317,540
Westpac Banking Corp.		6,365,702		89,779,615
				493,850,607
Beverages — 0.5%
Treasury Wine Estates Ltd.		1,442,933		10,204,579
Biotechnology — 7.5%
CSL Ltd.		876,312		152,045,988
Broadline Retail — 3.5%
Wesfarmers Ltd.		2,058,086		71,591,733
Capital Markets — 4.3%
ASX Ltd.		350,596		13,444,101
Macquarie Group Ltd.		666,040		74,194,228
				87,638,329
Chemicals — 0.4%
Orica Ltd.		829,930		8,541,660
Commercial Services & Supplies — 1.1%
Brambles Ltd.		2,520,857		22,215,271
Construction Materials — 1.3%
James Hardie Industries PLC(a)		798,411		25,496,796
Consumer Staples Distribution & Retail — 4.2%
Coles Group Ltd.		2,427,933		24,570,994
Endeavour Group Ltd.		2,610,610		8,493,533
Woolworths Group Ltd.		2,216,036		51,080,194
				84,144,721
Diversified Consumer Services — 0.4%
IDP Education Ltd.		479,675		7,176,096
Diversified REITs — 1.5%
GPT Group (The)		3,490,287		9,488,203
Mirvac Group		7,127,948		9,681,714
Stockland		4,319,205		11,770,529
				30,940,446
Diversified Telecommunication Services — 0.9%
Telstra Corp. Ltd.		7,336,179		18,537,431
Electric Utilities — 0.8%
Origin Energy Ltd.		3,124,723		17,046,979
Financial Services — 0.5%
Washington H Soul Pattinson & Co. Ltd.		427,510		9,441,807
Gas Utilities — 0.6%
APA Group		2,327,372		13,098,386
Ground Transportation — 0.4%
Aurizon Holdings Ltd.		3,323,750		7,753,145
Health Care Equipment & Supplies — 1.1%
Cochlear Ltd.		118,882		21,441,161
Health Care Providers & Services — 1.3%
Ramsay Health Care Ltd.		334,053		10,847,414
Sonic Healthcare Ltd.		814,945		15,770,013
				26,617,427
Hotels, Restaurants & Leisure — 2.0%
Aristocrat Leisure Ltd.		1,058,879		28,337,337

Security	Shares		Value
Hotels, Restaurants & Leisure (continued)
Lottery Corp. Ltd. (The)		4,028,126	$	12,227,563
				40,564,900
Industrial REITs — 2.3%
Goodman Group		3,100,720		46,586,343
Insurance — 3.8%
Insurance Australia Group Ltd.		4,420,169		17,356,828
Medibank Pvt Ltd.		4,983,366		11,393,478
QBE Insurance Group Ltd.		2,710,063		27,574,783
Suncorp Group Ltd.		2,307,710		21,305,173
				77,630,262
Interactive Media & Services — 1.6%
carsales.com Ltd.		649,591		11,923,653
REA Group Ltd.		96,292		9,875,162
SEEK Ltd.		644,025		10,149,169
				31,947,984
Metals & Mining — 22.8%
BHP Group Ltd.		9,195,036		279,919,120
BlueScope Steel Ltd.		819,476		11,241,040
Fortescue Metals Group Ltd.		3,071,998		50,444,951
IGO Ltd.		1,241,805		6,987,303
Mineral Resources Ltd.		318,919		12,801,406
Northern Star Resources Ltd.		2,084,765		17,420,925
Pilbara Minerals Ltd.(b)		5,186,400		12,401,402
Rio Tinto Ltd.		673,411		55,290,651
South32 Ltd.		8,227,483		16,536,891
				463,043,689
Office REITs — 0.4%
Dexus		1,959,738		9,108,369
Oil, Gas & Consumable Fuels — 5.2%
Ampol Ltd.		430,633		9,704,180
Santos Ltd.		5,891,679		26,645,994
Woodside Energy Group Ltd.		3,444,460		69,982,307
				106,332,481
Passenger Airlines — 0.3%
Qantas Airways Ltd.(a)		1,520,848		5,323,765
Professional Services — 0.8%
Computershare Ltd.		985,685		15,374,172
Retail REITs — 1.2%
Scentre Group		9,409,606		16,454,792
Vicinity Ltd.		7,050,314		8,823,794
				25,278,586
Software — 1.5%
WiseTech Global Ltd.		302,332		13,314,239
Xero Ltd.(a)		260,818		17,782,363
				31,096,602
Trading Companies & Distributors — 0.3%
Reece Ltd.		412,154		5,257,706
Transportation Infrastructure — 2.4%
Transurban Group		5,601,461		47,858,783
Total Long-Term Investments — 99.3%
(Cost: $2,387,065,657)				2,013,186,204
Short-Term Securities
Money Market Funds — 0.7%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.54%(c)(d)(e)		12,309,049		12,315,203

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Australia 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%(c)(d)		770,000	$	770,000
Total Short-Term Securities — 0.7%
(Cost: $13,084,596)				13,085,203
Total Investments — 100.0%
(Cost: $2,400,150,253)				2,026,271,407
Other Assets Less Liabilities — 0.0%				1,009,033
Net Assets — 100.0%			$	2,027,280,440

(a)	Non-income producing security.
(b)	All or a portion of this security is on loan.
(c)	Affiliate of the Fund.
(d)	Annualized 7-day yield as of period end.

^(e)  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	$	—	$	12,314,535	(a)	$	—		$	61	$	607	$	12,315,203		12,309,049	$	12,200	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		1,220,000		—			(450,000	)(a)		—		—		770,000		770,000		7,912			—
									$	61	$	607	$	13,085,203			$	20,112		$	—

^(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
SPI 200 Index		114	12/21/23	$	13,329	$	50,561

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

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Australia ETF
November 30, 2023

Fair Value Hierarchy as of Period End (continued)

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	$	—	$	2,013,186,204	$	—	$	2,013,186,204
Short-Term Securities
Money Market Funds		13,085,203		—		—		13,085,203
	$	13,085,203	$	2,013,186,204	$	—	$	2,026,271,407
Derivative Financial Instruments(a)
Assets
Equity Contracts	$	—	$	50,561	$	—	$	50,561

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

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