| Schedule of Investments (unaudited) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2023 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Brazil — 5.7% | ||||||||
| Ambev SA | 7,670,534 | $ | 21,334,527 | |||||
| Atacadao SA | 1,024,522 | 2,360,415 | ||||||
| B3 SA - Brasil, Bolsa, Balcao | 9,477,899 | 25,610,479 | ||||||
| Banco Bradesco SA | 2,656,177 | 7,706,181 | ||||||
| Banco BTG Pactual SA | 1,925,598 | 13,903,913 | ||||||
| Banco do Brasil SA | 1,413,003 | 15,579,621 | ||||||
| Banco Santander Brasil SA | 619,295 | 3,900,437 | ||||||
| BB Seguridade Participacoes SA | 1,137,743 | 7,235,066 | ||||||
| CCR SA | 1,678,565 | 4,617,542 | ||||||
| Centrais Eletricas Brasileiras SA | 1,945,170 | 16,147,671 | ||||||
| Cia. de Saneamento Basico do Estado de Sao Paulo | 556,240 | 7,634,944 | ||||||
| Cia. Siderurgica Nacional SA | 1,052,496 | 3,511,135 | ||||||
| Cosan SA | 2,033,729 | 7,334,076 | ||||||
| CPFL Energia SA | 392,788 | 2,956,653 | ||||||
| Energisa SA | 365,776 | 3,922,280 | ||||||
| Eneva SA(a) | 1,468,253 | 3,785,441 | ||||||
| Engie Brasil Energia SA | 327,438 | 2,893,825 | ||||||
| Equatorial Energia SA | 1,696,865 | 11,742,104 | ||||||
| Hapvida Participacoes e Investimentos SA(a)(b) | 8,021,822 | 7,122,106 | ||||||
| Hypera SA | 612,986 | 4,206,919 | ||||||
| JBS SA | 1,259,352 | 5,938,493 | ||||||
| Klabin SA | 1,250,955 | 5,736,239 | ||||||
| Localiza Rent a Car SA | 1,476,271 | 18,007,804 | ||||||
| Localiza Rent a Car SA, NVS(a) | 7,642 | 87,722 | ||||||
| Lojas Renner SA | 1,545,362 | 5,139,642 | ||||||
| Magazine Luiza SA(a) | 4,907,067 | 2,013,851 | ||||||
| Natura & Co. Holding SA(a) | 1,469,954 | 4,924,684 | ||||||
| Petroleo Brasileiro SA | 6,107,044 | 46,776,355 | ||||||
| PRIO SA(a) | 1,300,576 | 12,136,296 | ||||||
| Raia Drogasil SA | 2,118,439 | 12,085,567 | ||||||
| Rede D’Or Sao Luiz SA(b) | 933,073 | 5,042,562 | ||||||
| Rumo SA | 2,112,554 | 9,828,727 | ||||||
| Sendas Distribuidora SA | 2,222,596 | 5,838,658 | ||||||
| Suzano SA | 1,292,024 | 14,117,096 | ||||||
| Telefonica Brasil SA | 666,221 | 7,141,297 | ||||||
| Tim SA | 1,259,844 | 4,412,737 | ||||||
| TOTVS SA | 878,269 | 5,943,690 | ||||||
| Ultrapar Participacoes SA | 1,224,149 | 6,279,855 | ||||||
| Vale SA | 5,551,555 | 83,295,037 | ||||||
| Vibra Energia SA | 1,945,516 | 9,229,447 | ||||||
| WEG SA | 2,712,651 | 18,842,868 | ||||||
| 456,323,962 | ||||||||
| Chile — 0.5% | ||||||||
| Banco de Chile | 74,166,308 | 8,340,560 | ||||||
| Banco de Credito e Inversiones SA | 121,782 | 3,270,513 | ||||||
| Banco Santander Chile | 109,524,691 | 5,376,747 | ||||||
| Cencosud SA | 2,076,649 | 3,857,331 | ||||||
| Cia. Sud Americana de Vapores SA | 25,329,723 | 1,469,568 | ||||||
| Empresas CMPC SA | 1,885,381 | 3,646,893 | ||||||
| Empresas Copec SA | 650,376 | 4,813,446 | ||||||
| Enel Americas SA(a) | 35,061,295 | 4,082,009 | ||||||
| Enel Chile SA | 44,749,965 | 2,822,560 | ||||||
| Falabella SA | 1,370,340 | 3,199,981 | ||||||
| Latam Airlines Group SA | 279,013,666 | 2,719,276 | ||||||
| 43,598,884 | ||||||||
| Colombia — 0.1% | ||||||||
| Bancolombia SA | 420,665 | 3,322,707 | ||||||
| Interconexion Electrica SA ESP | 775,777 | 2,928,591 | ||||||
| 6,251,298 | ||||||||
| Security | Shares | Value | ||||||
| Czech Republic — 0.2% | ||||||||
| CEZ AS | 263,484 | $ | 11,655,896 | |||||
| Komercni Banka AS | 124,731 | 3,864,889 | ||||||
| Moneta Money Bank AS(b) | 528,944 | 2,068,116 | ||||||
| 17,588,901 | ||||||||
| Egypt — 0.0% | ||||||||
| Commercial International Bank Egypt SAE | 1,773,810 | 2,749,809 | ||||||
| Eastern Co. SAE | 790,715 | 411,231 | ||||||
| Egyptian Financial Group-Hermes Holding Co.(a) | 822,113 | 304,740 | ||||||
| 3,465,780 | ||||||||
| Greece — 0.7% | ||||||||
| Alpha Services and Holdings SA(a) | 3,651,987 | 6,213,524 | ||||||
| Eurobank Ergasias Services and Holdings SA, Class A(a) | 4,250,110 | 7,834,545 | ||||||
| Hellenic Telecommunications Organization SA | 290,391 | 4,263,035 | ||||||
| JUMBO SA | 181,938 | 4,760,872 | ||||||
| Motor Oil Hellas Corinth Refineries SA | 108,761 | 2,935,983 | ||||||
| Mytilineos SA | 175,354 | 7,012,671 | ||||||
| National Bank of Greece SA(a) | 1,263,886 | 8,662,608 | ||||||
| OPAP SA | 286,430 | 4,580,404 | ||||||
| Piraeus Financial Holdings SA(a) | 1,125,485 | 4,010,311 | ||||||
| Public Power Corp. SA(a) | 329,175 | 3,874,852 | ||||||
| 54,148,805 | ||||||||
| Hungary — 0.4% | ||||||||
| MOL Hungarian Oil & Gas PLC | 765,153 | 6,092,292 | ||||||
| OTP Bank Nyrt | 389,698 | 16,215,295 | ||||||
| Richter Gedeon Nyrt | 236,270 | 5,954,961 | ||||||
| 28,262,548 | ||||||||
| India — 22.4% | ||||||||
| ABB India Ltd. | 86,631 | 4,595,094 | ||||||
| Adani Enterprises Ltd. | 279,085 | 7,907,379 | ||||||
| Adani Green Energy Ltd.(a) | 524,715 | 6,473,228 | ||||||
| Adani Ports & Special Economic Zone Ltd. | 859,773 | 8,523,073 | ||||||
| Adani Power Ltd.(a) | 1,267,499 | 6,558,355 | ||||||
| Ambuja Cements Ltd. | 981,971 | 5,179,135 | ||||||
| APL Apollo Tubes Ltd. | 245,119 | 4,960,505 | ||||||
| Apollo Hospitals Enterprise Ltd. | 164,834 | 10,935,018 | ||||||
| Ashok Leyland Ltd. | 2,406,578 | 5,287,116 | ||||||
| Asian Paints Ltd. | 629,132 | 23,537,377 | ||||||
| Astral Ltd. | 205,307 | 4,805,840 | ||||||
| AU Small Finance Bank Ltd.(b) | 285,587 | 2,544,487 | ||||||
| Aurobindo Pharma Ltd. | 439,637 | 5,487,742 | ||||||
| Avenue Supermarts Ltd.(a)(b) | 266,301 | 12,617,681 | ||||||
| Axis Bank Ltd. | 3,694,047 | 47,693,812 | ||||||
| Bajaj Auto Ltd. | 111,786 | 8,179,505 | ||||||
| Bajaj Finance Ltd. | 444,981 | 38,039,621 | ||||||
| Bajaj Finserv Ltd. | 627,566 | 12,618,044 | ||||||
| Bajaj Holdings & Investment Ltd. | 45,644 | 4,028,011 | ||||||
| Balkrishna Industries Ltd. | 125,812 | 3,891,943 | ||||||
| Bandhan Bank Ltd.(b) | 1,154,952 | 3,135,717 | ||||||
| Bank of Baroda | 1,719,435 | 4,070,173 | ||||||
| Berger Paints India Ltd. | 499,981 | 3,443,772 | ||||||
| Bharat Electronics Ltd. | 6,046,831 | 10,598,027 | ||||||
| Bharat Forge Ltd. | 417,563 | 5,614,904 | ||||||
| Bharat Petroleum Corp. Ltd. | 1,257,453 | 6,581,477 | ||||||
| Bharti Airtel Ltd. | 3,654,785 | 44,540,146 | ||||||
| Britannia Industries Ltd. | 178,722 | 10,391,309 | ||||||
| CG Power and Industrial Solutions Ltd. | 1,018,849 | 5,494,015 | ||||||
| Cholamandalam Investment and Finance Co. Ltd. | 677,905 | 9,099,528 | ||||||
| Cipla Ltd. | 858,484 | 12,484,863 | ||||||
| Coal India Ltd. | 2,562,118 | 10,532,285 | ||||||
| Colgate-Palmolive India Ltd. | 202,696 | 5,346,026 | ||||||
1
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2023 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| Container Corp. of India Ltd. | 454,097 | $ | 4,232,172 | |||||
| Cummins India Ltd. | 229,523 | 5,256,906 | ||||||
| Dabur India Ltd. | 1,022,666 | 6,595,536 | ||||||
| Divi’s Laboratories Ltd. | 196,777 | 8,943,255 | ||||||
| DLF Ltd. | 1,027,716 | 7,721,978 | ||||||
| Dr. Reddy’s Laboratories Ltd. | 177,501 | 12,332,685 | ||||||
| Eicher Motors Ltd. | 224,467 | 10,502,495 | ||||||
| GAIL India Ltd. | 3,783,997 | 5,989,640 | ||||||
| Godrej Consumer Products Ltd. | 677,439 | 8,191,063 | ||||||
| Godrej Properties Ltd.(a) | 212,208 | 4,779,878 | ||||||
| Grasim Industries Ltd. | 438,015 | 10,552,972 | ||||||
| Havells India Ltd. | 404,397 | 6,323,512 | ||||||
| HCL Technologies Ltd. | 1,553,890 | 25,038,737 | ||||||
| HDFC Asset Management Co. Ltd.(b) | 138,498 | 4,931,395 | ||||||
| HDFC Bank Ltd. | 4,579,092 | 85,846,048 | ||||||
| HDFC Life Insurance Co. Ltd.(b) | 1,593,820 | 13,229,049 | ||||||
| Hero MotoCorp Ltd. | 179,017 | 8,208,312 | ||||||
| Hindalco Industries Ltd. | 2,013,502 | 12,486,986 | ||||||
| Hindustan Aeronautics Ltd., NVS | 323,864 | 9,256,801 | ||||||
| Hindustan Petroleum Corp. Ltd.(a) | 923,206 | 3,852,603 | ||||||
| Hindustan Unilever Ltd. | 1,343,909 | 41,036,098 | ||||||
| ICICI Bank Ltd. | 8,387,029 | 93,664,052 | ||||||
| ICICI Lombard General Insurance Co. Ltd.(b) | 398,580 | 7,082,388 | ||||||
| ICICI Prudential Life Insurance Co. Ltd.(b) | 520,798 | 3,515,470 | ||||||
| IDFC First Bank Ltd.(a) | 5,816,600 | 5,955,402 | ||||||
| Indian Hotels Co. Ltd. (The), Class A | 1,411,548 | 7,144,875 | ||||||
| Indian Oil Corp. Ltd. | 4,636,100 | 6,224,099 | ||||||
| Indian Railway Catering & Tourism Corp. Ltd. | 389,844 | 3,302,549 | ||||||
| Indraprastha Gas Ltd. | 506,273 | 2,365,494 | ||||||
| IndusInd Bank Ltd. | 440,211 | 7,739,109 | ||||||
| Info Edge India Ltd. | 116,651 | 6,461,609 | ||||||
| Infosys Ltd. | 5,417,385 | 94,690,782 | ||||||
| InterGlobe Aviation Ltd.(a)(b) | 226,327 | 7,348,685 | ||||||
| ITC Ltd. | 4,887,910 | 25,552,057 | ||||||
| Jindal Steel & Power Ltd. | 600,223 | 4,844,943 | ||||||
| Jio Financial Services Ltd., NVS(a) | 5,015,167 | 13,795,750 | ||||||
| JSW Steel Ltd. | 1,006,581 | 9,688,368 | ||||||
| Jubilant Foodworks Ltd. | 657,979 | 4,431,569 | ||||||
| Kotak Mahindra Bank Ltd. | 1,782,066 | 37,568,743 | ||||||
| Larsen & Toubro Infotech Ltd.(b) | 146,665 | 9,756,380 | ||||||
| Larsen & Toubro Ltd. | 1,106,156 | 41,293,476 | ||||||
| Lupin Ltd. | 341,447 | 5,245,728 | ||||||
| Macrotech Developers Ltd. | 335,624 | 3,548,464 | ||||||
| Mahindra & Mahindra Ltd. | 1,515,702 | 29,982,105 | ||||||
| Marico Ltd. | 867,076 | 5,603,503 | ||||||
| Maruti Suzuki India Ltd. | 220,986 | 28,135,835 | ||||||
| Max Healthcare Institute Ltd. | 1,293,395 | 9,854,419 | ||||||
| Mphasis Ltd. | 124,889 | 3,533,899 | ||||||
| MRF Ltd. | 3,031 | 4,061,866 | ||||||
| Muthoot Finance Ltd. | 200,745 | 3,572,869 | ||||||
| Nestle India Ltd. | 55,379 | 16,092,131 | ||||||
| NTPC Ltd. | 7,168,131 | 22,480,861 | ||||||
| Oil & Natural Gas Corp. Ltd. | 5,132,124 | 11,992,858 | ||||||
| One 97 Communications Ltd., NVS(a) | 345,275 | 3,626,280 | ||||||
| Page Industries Ltd. | 10,126 | 4,528,111 | ||||||
| Persistent Systems Ltd. | 77,020 | 5,910,804 | ||||||
| Petronet LNG Ltd. | 1,257,161 | 3,062,655 | ||||||
| PI Industries Ltd. | 139,042 | 6,287,203 | ||||||
| Pidilite Industries Ltd. | 251,093 | 7,683,649 | ||||||
| Polycab India Ltd. | 66,804 | 4,219,942 | ||||||
| Power Finance Corp. Ltd. | 2,403,444 | 9,660,717 | ||||||
| Power Grid Corp. of India Ltd. | 7,623,580 | 19,120,312 | ||||||
| Security | Shares | Value | ||||||
| India (continued) | ||||||||
| REC Ltd. | 2,115,973 | $ | 8,850,821 | |||||
| Reliance Industries Ltd. | 4,972,474 | 141,924,499 | ||||||
| Samvardhana Motherson International Ltd. | 3,875,888 | 4,287,689 | ||||||
| SBI Cards & Payment Services Ltd. | 469,052 | 4,161,200 | ||||||
| SBI Life Insurance Co. Ltd.(b) | 741,820 | 12,786,950 | ||||||
| Shree Cement Ltd. | 15,307 | 4,913,053 | ||||||
| Shriram Transport Finance Co. Ltd. | 462,115 | 11,132,655 | ||||||
| Siemens Ltd. | 143,904 | 6,318,423 | ||||||
| Sona Blw Precision Forgings Ltd.(b) | 670,573 | 4,490,650 | ||||||
| SRF Ltd. | 249,515 | 7,091,673 | ||||||
| State Bank of India | 2,909,791 | 19,744,187 | ||||||
| Sun Pharmaceutical Industries Ltd. | 1,569,238 | 23,102,674 | ||||||
| Supreme Industries Ltd. | 104,172 | 5,542,503 | ||||||
| Suzlon Energy Ltd.(a) | 13,944,884 | 6,814,108 | ||||||
| Tata Communications Ltd. | 159,706 | 3,266,271 | ||||||
| Tata Consultancy Services Ltd. | 1,493,888 | 62,595,414 | ||||||
| Tata Consumer Products Ltd. | 918,979 | 10,376,925 | ||||||
| Tata Elxsi Ltd. | 57,269 | 5,675,845 | ||||||
| Tata Motors Ltd. | 2,751,849 | 23,343,820 | ||||||
| Tata Motors Ltd., Class A | 637,948 | 3,655,089 | ||||||
| Tata Power Co. Ltd. (The) | 2,368,272 | 7,612,623 | ||||||
| Tata Steel Ltd. | 12,055,451 | 18,526,298 | ||||||
| Tech Mahindra Ltd. | 883,695 | 12,954,912 | ||||||
| Titan Co. Ltd. | 586,204 | 24,560,357 | ||||||
| Torrent Pharmaceuticals Ltd. | 165,837 | 4,221,728 | ||||||
| Trent Ltd. | 301,731 | 10,095,307 | ||||||
| Tube Investments of India Ltd. | 174,812 | 7,069,595 | ||||||
| TVS Motor Co. Ltd. | 393,280 | 8,807,881 | ||||||
| UltraTech Cement Ltd. | 190,423 | 20,581,673 | ||||||
| United Spirits Ltd. | 487,635 | 6,140,452 | ||||||
| UPL Ltd. | 716,419 | 4,906,899 | ||||||
| Varun Beverages Ltd. | 757,709 | 10,059,390 | ||||||
| Vedanta Ltd. | 1,398,703 | 3,921,548 | ||||||
| Wipro Ltd. | 2,129,387 | 10,545,407 | ||||||
| Yes Bank Ltd.(a) | 21,515,115 | 4,995,820 | ||||||
| Zomato Ltd.(a) | 8,376,085 | 11,932,453 | ||||||
| 1,788,140,132 | ||||||||
| Indonesia — 2.6% | ||||||||
| Adaro Energy Indonesia Tbk PT | 23,766,500 | 4,018,168 | ||||||
| Amman Mineral Internasional PT(a) | 9,626,200 | 4,468,642 | ||||||
| Aneka Tambang Tbk | 13,162,900 | 1,477,788 | ||||||
| Astra International Tbk PT | 32,803,600 | 11,430,017 | ||||||
| Bank Central Asia Tbk PT | 90,366,200 | 52,302,451 | ||||||
| Bank Mandiri Persero Tbk PT | 61,331,400 | 23,126,279 | ||||||
| Bank Negara Indonesia Persero Tbk PT | 24,332,300 | 8,278,769 | ||||||
| Bank Rakyat Indonesia Persero Tbk PT | 111,564,571 | 37,968,126 | ||||||
| Barito Pacific Tbk PT | 45,941,576 | 3,094,810 | ||||||
| Charoen Pokphand Indonesia Tbk PT | 12,570,600 | 4,214,514 | ||||||
| GoTo Gojek Tokopedia Tbk PT(a) | 1,380,554,863 | 8,645,929 | ||||||
| Indah Kiat Pulp & Paper Tbk PT | 4,199,200 | 2,376,122 | ||||||
| Indofood CBP Sukses Makmur Tbk PT | 4,163,500 | 3,100,479 | ||||||
| Indofood Sukses Makmur Tbk PT | 7,364,500 | 3,052,069 | ||||||
| Kalbe Farma Tbk PT | 34,969,300 | 3,645,374 | ||||||
| Merdeka Copper Gold Tbk PT(a) | 16,689,959 | 2,724,790 | ||||||
| Sarana Menara Nusantara Tbk PT | 33,408,800 | 2,153,543 | ||||||
| Semen Indonesia Persero Tbk PT | 5,531,223 | 2,318,485 | ||||||
| Sumber Alfaria Trijaya Tbk PT | 28,700,300 | 5,310,758 | ||||||
| Telkom Indonesia Persero Tbk PT | 79,720,500 | 19,384,508 | ||||||
| Unilever Indonesia Tbk PT | 12,439,700 | 2,928,095 | ||||||
| United Tractors Tbk PT | 2,532,700 | 3,577,118 | ||||||
| 209,596,834 | ||||||||
2
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2023 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Kazakhstan — 0.0% | ||||||||
| Polymetal International PLC(a)(c) | 137,561 | $ | 15 | |||||
| Kuwait — 1.1% | ||||||||
| Agility Public Warehousing Co. KSC(a) | 2,521,241 | 4,410,266 | ||||||
| Boubyan Bank KSCP | 2,272,130 | 4,290,064 | ||||||
| Gulf Bank KSCP | 3,111,778 | 2,549,382 | ||||||
| Kuwait Finance House KSCP | 13,368,339 | 30,258,096 | ||||||
| Mabanee Co. KPSC | 1,153,009 | 3,131,471 | ||||||
| Mobile Telecommunications Co. KSCP | 3,143,096 | 4,977,405 | ||||||
| National Bank of Kuwait SAKP | 12,345,586 | 35,378,585 | ||||||
| 84,995,269 | ||||||||
| Malaysia — 1.9% | ||||||||
| AMMB Holdings Bhd | 2,855,000 | 2,427,164 | ||||||
| Axiata Group Bhd | 4,693,200 | 2,276,782 | ||||||
| CIMB Group Holdings Bhd | 10,615,900 | 12,873,130 | ||||||
| Dialog Group Bhd | 5,806,900 | 2,755,546 | ||||||
| DiGi.Com Bhd | 6,092,900 | 5,675,112 | ||||||
| Gamuda Bhd | 3,188,300 | 3,263,911 | ||||||
| Genting Bhd | 3,513,800 | 3,531,041 | ||||||
| Genting Malaysia Bhd | 4,794,000 | 2,748,368 | ||||||
| Hong Leong Bank Bhd | 1,078,200 | 4,396,188 | ||||||
| IHH Healthcare Bhd | 3,588,900 | 4,497,278 | ||||||
| Inari Amertron Bhd | 4,511,200 | 2,831,369 | ||||||
| IOI Corp. Bhd | 4,374,900 | 3,777,570 | ||||||
| Kuala Lumpur Kepong Bhd | 807,900 | 3,796,276 | ||||||
| Malayan Banking Bhd | 8,983,000 | 17,316,166 | ||||||
| Malaysia Airports Holdings Bhd | 1,176,344 | 1,814,147 | ||||||
| Maxis Bhd | 4,060,800 | 3,398,888 | ||||||
| MISC Bhd | 2,353,600 | 3,634,530 | ||||||
| MR DIY Group M Bhd(b) | 5,010,550 | 1,645,271 | ||||||
| Nestle Malaysia Bhd | 83,800 | 2,255,289 | ||||||
| Petronas Chemicals Group Bhd | 4,627,700 | 7,180,204 | ||||||
| Petronas Dagangan Bhd | 462,500 | 2,213,489 | ||||||
| Petronas Gas Bhd | 1,343,800 | 4,862,425 | ||||||
| PPB Group Bhd | 1,053,440 | 3,187,789 | ||||||
| Press Metal Aluminium Holdings Bhd | 6,183,000 | 6,372,553 | ||||||
| Public Bank Bhd | 23,522,000 | 21,561,226 | ||||||
| QL Resources Bhd | 1,989,800 | 2,395,703 | ||||||
| RHB Bank Bhd | 2,495,300 | 2,919,138 | ||||||
| Sime Darby Bhd | 4,640,800 | 2,461,716 | ||||||
| Sime Darby Plantation Bhd | 3,535,800 | 3,417,292 | ||||||
| Telekom Malaysia Bhd | 1,925,700 | 2,178,517 | ||||||
| Tenaga Nasional Bhd | 4,318,200 | 9,260,389 | ||||||
| 152,924,467 | ||||||||
| Mexico — 3.6% | ||||||||
| Alfa SAB de CV, Class A | 4,926,200 | 3,593,572 | ||||||
| America Movil SAB de CV | 30,313,771 | 27,419,141 | ||||||
| Arca Continental SAB de CV | 851,908 | 8,698,845 | ||||||
| Banco del Bajio SA(b) | 1,267,906 | 4,020,857 | ||||||
| Cemex SAB de CV, NVS(a) | 24,723,454 | 17,181,224 | ||||||
| Coca-Cola Femsa SAB de CV | 870,500 | 7,316,440 | ||||||
| Fibra Uno Administracion SA de CV | 4,699,700 | 7,562,922 | ||||||
| Fomento Economico Mexicano SAB de CV | 3,184,683 | 40,500,491 | ||||||
| Gruma SAB de CV, Class B | 305,305 | 5,658,035 | ||||||
| Grupo Aeroportuario del Centro Norte SAB de CV, Class B | 418,400 | 3,798,928 | ||||||
| Grupo Aeroportuario del Pacifico SAB de CV, Class B | 631,701 | 9,622,179 | ||||||
| Grupo Aeroportuario del Sureste SAB de CV, Class B | 317,929 | 7,506,298 | ||||||
| Grupo Bimbo SAB de CV, Series A(d) | 2,165,781 | 10,928,350 | ||||||
| Grupo Carso SAB de CV, Series A1 | 953,763 | 8,762,528 | ||||||
| Security | Shares | Value | ||||||
| Mexico (continued) | ||||||||
| Grupo Financiero Banorte SAB de CV, Class O | 4,227,886 | $ | 39,315,189 | |||||
| Grupo Financiero Inbursa SAB de CV, Class O(a) | 3,041,909 | 7,434,668 | ||||||
| Grupo Mexico SAB de CV, Series B | 5,068,186 | 23,230,462 | ||||||
| Industrias Penoles SAB de CV(a)(d) | 330,015 | 4,840,448 | ||||||
| Kimberly-Clark de Mexico SAB de CV, Class A | 2,487,387 | 5,032,489 | ||||||
| Operadora De Sites Mexicanos SAB de CV | 2,170,600 | 2,728,169 | ||||||
| Orbia Advance Corp. SAB de CV | 1,626,511 | 3,473,374 | ||||||
| Prologis Property Mexico SA de CV | 947,400 | 4,079,027 | ||||||
| Promotora y Operadora de Infraestructura SAB de CV | 318,833 | 3,137,573 | ||||||
| Wal-Mart de Mexico SAB de CV | 8,522,851 | 33,412,265 | ||||||
| 289,253,474 | ||||||||
| Netherlands — 0.1% | ||||||||
| NEPI Rockcastle NV | 791,783 | 4,872,188 | ||||||
| Pepco Group NV(a) | 263,740 | 1,496,133 | ||||||
| 6,368,321 | ||||||||
| Peru — 0.3% | ||||||||
| Cia. de Minas Buenaventura SAA, ADR | 360,426 | 3,438,464 | ||||||
| Credicorp Ltd. | 109,115 | 13,697,206 | ||||||
| Southern Copper Corp. | 137,324 | 9,877,715 | ||||||
| 27,013,385 | ||||||||
| Philippines — 0.9% | ||||||||
| Aboitiz Equity Ventures Inc. | 2,990,830 | 2,529,202 | ||||||
| Ayala Corp. | 396,450 | 4,744,950 | ||||||
| Ayala Land Inc. | 11,012,800 | 6,194,993 | ||||||
| Bank of the Philippine Islands | 3,313,788 | 6,173,230 | ||||||
| BDO Unibank Inc. | 3,939,872 | 9,484,963 | ||||||
| International Container Terminal Services Inc. | 1,688,260 | 6,570,477 | ||||||
| JG Summit Holdings Inc. | 4,630,280 | 3,212,575 | ||||||
| Jollibee Foods Corp. | 770,390 | 3,146,438 | ||||||
| Manila Electric Co. | 479,220 | 3,106,166 | ||||||
| Metropolitan Bank & Trust Co. | 3,073,417 | 2,766,574 | ||||||
| PLDT Inc. | 120,665 | 2,787,829 | ||||||
| SM Investments Corp. | 400,875 | 5,919,225 | ||||||
| SM Prime Holdings Inc. | 16,580,000 | 9,651,000 | ||||||
| Universal Robina Corp. | 1,454,170 | 2,951,400 | ||||||
| 69,239,022 | ||||||||
| Poland — 1.3% | ||||||||
| Allegro.eu SA (a)(b) | 830,229 | 6,004,016 | ||||||
| Bank Polska Kasa Opieki SA | 305,224 | 10,723,232 | ||||||
| Budimex SA | 21,739 | 3,012,839 | ||||||
| CD Projekt SA | 106,324 | 2,895,540 | ||||||
| Cyfrowy Polsat SA(a) | 400,501 | 1,283,542 | ||||||
| Dino Polska SA(a)(b) | 81,244 | 9,048,579 | ||||||
| KGHM Polska Miedz SA | 229,348 | 6,608,868 | ||||||
| LPP SA | 1,767 | 6,571,761 | ||||||
| mBank SA(a) | 25,264 | 3,560,573 | ||||||
| ORLEN SA | 959,771 | 14,169,166 | ||||||
| PGE Polska Grupa Energetyczna SA(a) | 1,494,856 | 3,139,618 | ||||||
| Powszechna Kasa Oszczednosci Bank Polski SA(a) | 1,441,548 | 17,148,186 | ||||||
| Powszechny Zaklad Ubezpieczen SA | 1,005,161 | 11,449,269 | ||||||
| Santander Bank Polska SA(a) | 59,494 | 7,391,475 | ||||||
| 103,006,664 | ||||||||
| Qatar — 1.2% | ||||||||
| Barwa Real Estate Co. | 3,726,513 | 2,763,484 | ||||||
| Commercial Bank PSQC (The) | 5,348,598 | 7,819,202 | ||||||
| Dukhan Bank | 3,069,066 | 3,251,678 | ||||||
| Industries Qatar QSC | 2,509,929 | 8,611,827 | ||||||
| Masraf Al Rayan QSC | 9,219,366 | 6,286,334 | ||||||
| Mesaieed Petrochemical Holding Co. | 7,595,400 | 3,503,754 | ||||||
3
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2023 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Qatar (continued) | ||||||||
| Ooredoo QPSC | 1,406,292 | $ | 3,969,046 | |||||
| Qatar Electricity & Water Co. QSC | 799,572 | 3,703,386 | ||||||
| Qatar Fuel QSC | 260,481 | 1,137,403 | ||||||
| Qatar Gas Transport Co. Ltd. | 4,272,934 | 3,797,226 | ||||||
| Qatar International Islamic Bank QSC | 1,677,006 | 4,614,485 | ||||||
| Qatar Islamic Bank SAQ | 2,756,514 | 14,365,113 | ||||||
| Qatar National Bank QPSC | 7,625,193 | 32,847,217 | ||||||
| 96,670,155 | ||||||||
| Russia — 0.0% | ||||||||
| Alrosa PJSC(c) | 1,271,273 | 141 | ||||||
| Gazprom PJSC(a)(c) | 5,613,440 | 624 | ||||||
| Inter RAO UES PJSC(c) | 19,580,300 | 2,176 | ||||||
| LUKOIL PJSC(c) | 197,285 | 22 | ||||||
| MMC Norilsk Nickel PJSC(a)(c) | 29,789 | 3 | ||||||
| Mobile TeleSystems PJSC(c) | 418,880 | 47 | ||||||
| Moscow Exchange MICEX-RTS PJSC(c) | 631,870 | 70 | ||||||
| Novatek PJSC(c) | 433,150 | 48 | ||||||
| Novolipetsk Steel PJSC(a)(c) | 785,210 | 87 | ||||||
| Ozon Holdings PLC, ADR(a)(c) | 534 | — | ||||||
| PhosAgro PJSC(a)(c) | 22,411 | 3 | ||||||
| PhosAgro PJSC, GDR(a)(c)(e) | 1 | — | ||||||
| PhosAgro PJSC, New(c) | 433 | 4 | ||||||
| Polyus PJSC(a)(c) | 13,397 | 2 | ||||||
| Rosneft Oil Co. PJSC(c) | 532,936 | 59 | ||||||
| Sberbank of Russia PJSC(c) | 4,933,827 | 548 | ||||||
| Severstal PAO(a)(c) | 109,143 | 12 | ||||||
| Surgutneftegas PJSC(c) | 3,671,000 | 408 | ||||||
| Tatneft PJSC(c) | 685,605 | 76 | ||||||
| TCS Group Holding PLC, GDR(a)(c)(e) | 58,085 | 7 | ||||||
| United Co. RUSAL International PJSC(a)(c) | 1,500,930 | 167 | ||||||
| VK Co. Ltd.(a)(c) | 873 | — | ||||||
| VTB Bank PJSC(a)(c) | 1,160,968,000 | 129 | ||||||
| X5 Retail Group NV, GDR(a)(c) | 67,732 | 8 | ||||||
| Yandex NV(a)(c) | 149,219 | 17 | ||||||
| 4,658 | ||||||||
| Saudi Arabia — 5.7% | ||||||||
| ACWA Power Co. | 157,286 | 9,614,840 | ||||||
| Advanced Petrochemical Co. | 203,907 | 2,035,663 | ||||||
| Al Rajhi Bank | 3,188,855 | 65,000,401 | ||||||
| Alinma Bank | 1,607,196 | 15,345,880 | ||||||
| Almarai Co. JSC | 417,472 | 6,209,500 | ||||||
| Arab National Bank | 1,097,831 | 7,025,177 | ||||||
| Arabian Internet & Communications Services Co. | 39,728 | 3,298,710 | ||||||
| Bank AlBilad | 805,185 | 8,211,040 | ||||||
| Bank Al-Jazira(a) | 658,038 | 2,978,914 | ||||||
| Banque Saudi Fransi | 972,024 | 9,699,145 | ||||||
| Bupa Arabia for Cooperative Insurance Co. | 130,545 | 6,927,510 | ||||||
| Co. for Cooperative Insurance (The) | 115,401 | 3,789,792 | ||||||
| Dallah Healthcare Co. | 59,369 | 2,627,017 | ||||||
| Dar Al Arkan Real Estate Development Co.(a) | 888,560 | 3,531,685 | ||||||
| Dr Sulaiman Al Habib Medical Services Group Co. | 144,718 | 10,848,113 | ||||||
| Elm Co. | 39,972 | 7,941,252 | ||||||
| Etihad Etisalat Co. | 629,979 | 7,758,238 | ||||||
| Jarir Marketing Co. | 972,664 | 3,779,963 | ||||||
| Mobile Telecommunications Co. | 721,551 | 2,715,597 | ||||||
| Mouwasat Medical Services Co. | 161,693 | 4,853,161 | ||||||
| Nahdi Medical Co. | 61,411 | 2,221,976 | ||||||
| National Industrialization Co.(a) | 514,356 | 1,672,595 | ||||||
| Power & Water Utility Co. for Jubail & Yanbu | 122,352 | 1,925,759 | ||||||
| Rabigh Refining & Petrochemical Co.(a) | 700,083 | 2,034,023 | ||||||
| Reinet Investments SCA | 232,236 | 5,451,209 | ||||||
| Security | Shares | Value | ||||||
| Saudi Arabia (continued) | ||||||||
| Riyad Bank | 2,401,656 | $ | 17,103,841 | |||||
| SABIC Agri-Nutrients Co. | 382,549 | 14,040,085 | ||||||
| Sahara International Petrochemical Co. | 577,992 | 4,994,597 | ||||||
| Saudi Arabian Mining Co.(a) | 2,113,528 | 22,461,576 | ||||||
| Saudi Arabian Oil Co.(b) | 4,384,441 | 38,762,944 | ||||||
| Saudi Aramco Base Oil Co. | 82,558 | 3,018,843 | ||||||
| Saudi Awwal Bank | 1,647,516 | 15,275,085 | ||||||
| Saudi Basic Industries Corp. | 1,467,480 | 31,021,835 | ||||||
| Saudi Electricity Co. | 1,341,205 | 6,459,553 | ||||||
| Saudi Industrial Investment Group | 599,366 | 3,603,519 | ||||||
| Saudi Investment Bank (The) | 815,955 | 3,263,383 | ||||||
| Saudi Kayan Petrochemical Co.(a) | 1,182,066 | 3,567,924 | ||||||
| Saudi National Bank (The) | 4,797,513 | 44,699,949 | ||||||
| Saudi Research & Media Group(a) | 59,583 | 2,531,601 | ||||||
| Saudi Tadawul Group Holding Co. | 78,023 | 3,805,068 | ||||||
| Saudi Telecom Co. | 3,259,758 | 33,455,760 | ||||||
| Savola Group (The) | 443,596 | 4,434,186 | ||||||
| Yanbu National Petrochemical Co. | 436,617 | 4,389,480 | ||||||
| 454,386,389 | ||||||||
| South Africa — 3.9% | ||||||||
| Absa Group Ltd. | 1,370,128 | 12,636,492 | ||||||
| Anglo American Platinum Ltd. | 106,623 | 4,514,910 | ||||||
| Aspen Pharmacare Holdings Ltd. | 622,266 | 6,111,006 | ||||||
| Bid Corp. Ltd. | 552,259 | 12,107,000 | ||||||
| Bidvest Group Ltd. (The) | 466,238 | 5,831,175 | ||||||
| Capitec Bank Holdings Ltd. | 142,269 | 14,821,913 | ||||||
| Clicks Group Ltd. | 391,461 | 6,128,814 | ||||||
| Discovery Ltd. | 880,147 | 6,211,511 | ||||||
| Exxaro Resources Ltd. | 410,173 | 4,091,536 | ||||||
| FirstRand Ltd. | 8,173,968 | 29,238,965 | ||||||
| Gold Fields Ltd. | 1,465,748 | 22,460,234 | ||||||
| Harmony Gold Mining Co. Ltd. | 928,257 | 5,818,758 | ||||||
| Impala Platinum Holdings Ltd. | 1,449,174 | 5,892,652 | ||||||
| Kumba Iron Ore Ltd. | 107,638 | 3,381,779 | ||||||
| MTN Group Ltd. | 2,740,502 | 14,971,645 | ||||||
| Naspers Ltd., Class N | 304,493 | 56,154,153 | ||||||
| Nedbank Group Ltd. | 707,358 | 8,022,446 | ||||||
| Northam Platinum Holdings Ltd. | 578,356 | 3,732,526 | ||||||
| Old Mutual Ltd. | 8,169,117 | 4,983,481 | ||||||
| OUTsurance Group Ltd., NVS | 1,534,120 | 3,377,282 | ||||||
| Pepkor Holdings Ltd.(b) | 3,312,030 | 3,271,401 | ||||||
| Remgro Ltd. | 817,079 | 6,293,908 | ||||||
| Sanlam Ltd. | 2,897,626 | 10,438,447 | ||||||
| Sasol Ltd. | 924,750 | 10,215,978 | ||||||
| Shoprite Holdings Ltd. | 819,637 | 11,180,673 | ||||||
| Sibanye Stillwater Ltd. | 4,555,893 | 5,013,558 | ||||||
| Standard Bank Group Ltd. | 2,189,912 | 23,259,157 | ||||||
| Vodacom Group Ltd. | 976,432 | 5,024,277 | ||||||
| Woolworths Holdings Ltd. | 1,549,162 | 5,547,029 | ||||||
| 310,732,706 | ||||||||
| South Korea — 16.7% | ||||||||
| Amorepacific Corp. | 47,978 | 4,792,973 | ||||||
| Celltrion Healthcare Co. Ltd. | 175,771 | 10,130,834 | ||||||
| Celltrion Inc. | 179,241 | 22,575,447 | ||||||
| Celltrion Pharm Inc.(a) | 29,624 | 1,833,729 | ||||||
| CJ CheilJedang Corp. | 13,458 | 3,218,925 | ||||||
| CosmoAM&T Co. Ltd.(a) | 39,950 | 5,084,649 | ||||||
| Coway Co. Ltd. | 89,695 | 3,453,523 | ||||||
| Daewoo Shipbuilding & Marine Engineering Co. Ltd.(a)(d) | 92,392 | 1,947,303 | ||||||
| DB Insurance Co. Ltd. | 76,772 | 4,953,440 | ||||||
| Doosan Bobcat Inc. | 91,405 | 3,216,593 | ||||||
4
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2023 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| South Korea (continued) | ||||||||
| Doosan Enerbility Co. Ltd.(a) | 719,325 | $ | 8,785,510 | |||||
| Ecopro BM Co. Ltd.(d) | 79,927 | 16,923,403 | ||||||
| Ecopro Co. Ltd. | 32,554 | 18,779,878 | ||||||
| F&F Co. Ltd./New | 24,898 | 1,651,532 | ||||||
| GS Holdings Corp. | 80,770 | 2,575,273 | ||||||
| Hana Financial Group Inc. | 479,737 | 15,436,274 | ||||||
| Hankook Tire & Technology Co. Ltd. | 123,531 | 4,323,700 | ||||||
| Hanmi Pharm Co. Ltd. | 11,338 | 2,692,172 | ||||||
| Hanmi Semiconductor Co. Ltd. | 73,307 | 3,597,462 | ||||||
| Hanon Systems | 291,456 | 1,630,955 | ||||||
| Hanwha Aerospace Co. Ltd. | 59,135 | 5,783,469 | ||||||
| Hanwha Solutions Corp.(a) | 174,983 | 4,511,096 | ||||||
| HD Hyundai Co. Ltd. | 72,436 | 3,376,210 | ||||||
| HD Hyundai Heavy Industries Co. Ltd.(a) | 37,031 | 3,579,957 | ||||||
| HD Korea Shipbuilding & Offshore Engineering Co. Ltd.(a) | 69,483 | 5,996,999 | ||||||
| HLB Inc.(a) | 189,897 | 4,682,571 | ||||||
| HMM Co. Ltd. | 408,343 | 4,891,141 | ||||||
| Hotel Shilla Co. Ltd. | 50,571 | 2,567,676 | ||||||
| HYBE Co. Ltd.(a) | 34,037 | 5,662,038 | ||||||
| Hyundai Engineering & Construction Co. Ltd. | 129,954 | 3,602,346 | ||||||
| Hyundai Glovis Co. Ltd. | 30,582 | 4,104,136 | ||||||
| Hyundai Mipo Dockyard Co. Ltd.(a) | 38,951 | 2,443,765 | ||||||
| Hyundai Mobis Co. Ltd. | 99,708 | 17,634,367 | ||||||
| Hyundai Motor Co. | 221,724 | 31,569,993 | ||||||
| Hyundai Steel Co. | 146,305 | 3,977,671 | ||||||
| Industrial Bank of Korea | 456,909 | 4,181,526 | ||||||
| JYP Entertainment Corp. | 47,578 | 3,532,828 | ||||||
| Kakao Corp. | 510,380 | 19,912,362 | ||||||
| Kakao Pay Corp.(a) | 44,577 | 1,586,277 | ||||||
| KakaoBank Corp. | 275,599 | 5,583,964 | ||||||
| Kangwon Land Inc. | 142,255 | 1,705,271 | ||||||
| KB Financial Group Inc. | 628,073 | 25,394,791 | ||||||
| Kia Corp. | 426,761 | 28,353,199 | ||||||
| Korea Aerospace Industries Ltd.(d) | 122,456 | 4,400,320 | ||||||
| Korea Electric Power Corp.(a) | 414,228 | 6,042,504 | ||||||
| Korea Investment Holdings Co. Ltd. | 68,851 | 3,183,899 | ||||||
| Korea Zinc Co. Ltd. | 13,859 | 5,257,244 | ||||||
| Korean Air Lines Co. Ltd. | 301,428 | 5,222,182 | ||||||
| Krafton Inc.(a) | 48,261 | 7,932,772 | ||||||
| KT Corp. | 83,191 | 2,161,224 | ||||||
| KT&G Corp. | 169,638 | 11,563,873 | ||||||
| Kum Yang Co. Ltd.(a) | 50,933 | 5,065,073 | ||||||
| Kumho Petrochemical Co. Ltd. | 28,285 | 2,793,027 | ||||||
| L&F Co. Ltd.(d) | 41,326 | 5,621,586 | ||||||
| LG Chem Ltd. | 80,862 | 31,282,669 | ||||||
| LG Corp. | 155,667 | 10,082,055 | ||||||
| LG Display Co. Ltd.(a) | 377,281 | 3,651,223 | ||||||
| LG Electronics Inc. | 174,317 | 13,821,732 | ||||||
| LG Energy Solution(a) | 75,920 | 26,610,036 | ||||||
| LG H&H Co. Ltd. | 14,999 | 3,874,844 | ||||||
| LG Innotek Co. Ltd. | 24,014 | 4,418,842 | ||||||
| LG Uplus Corp. | 303,195 | 2,462,773 | ||||||
| Lotte Chemical Corp. | 31,873 | 3,794,559 | ||||||
| Meritz Financial Group Inc. | 173,031 | 7,419,174 | ||||||
| Mirae Asset Securities Co. Ltd. | 402,608 | 2,231,383 | ||||||
| NAVER Corp. | 214,736 | 34,517,494 | ||||||
| NCSoft Corp. | 23,310 | 4,719,930 | ||||||
| Netmarble Corp.(a)(b) | 38,507 | 1,761,635 | ||||||
| NH Investment & Securities Co. Ltd. | 227,386 | 1,802,909 | ||||||
| Orion Corp. | 40,373 | 3,650,646 | ||||||
| Pearl Abyss Corp.(a) | 55,617 | 1,617,732 | ||||||
| Security | Shares | Value | ||||||
| South Korea (continued) | ||||||||
| Posco DX Co. Ltd. | 85,175 | $ | 3,782,915 | |||||
| POSCO Future M Co. Ltd.(d) | 50,723 | 12,694,602 | ||||||
| POSCO Holdings Inc. | 117,449 | 43,860,800 | ||||||
| Posco International Corp. | 86,553 | 3,824,307 | ||||||
| Samsung Biologics Co. Ltd.(a)(b) | 29,162 | 16,313,256 | ||||||
| Samsung C&T Corp. | 135,728 | 12,514,893 | ||||||
| Samsung Electro-Mechanics Co. Ltd. | 92,214 | 10,391,338 | ||||||
| Samsung Electronics Co. Ltd. | 7,797,065 | 439,658,635 | ||||||
| Samsung Engineering Co. Ltd.(a) | 258,347 | 5,037,152 | ||||||
| Samsung Fire & Marine Insurance Co. Ltd. | 50,992 | 10,249,041 | ||||||
| Samsung Heavy Industries Co. Ltd.(a) | 1,083,568 | 6,687,525 | ||||||
| Samsung Life Insurance Co. Ltd. | 131,388 | 7,102,904 | ||||||
| Samsung SDI Co. Ltd. | 89,231 | 32,491,340 | ||||||
| Samsung SDS Co. Ltd. | 63,583 | 8,267,823 | ||||||
| Samsung Securities Co. Ltd. | 98,752 | 2,993,751 | ||||||
| Shinhan Financial Group Co. Ltd. | 718,527 | 20,496,653 | ||||||
| SK Biopharmaceuticals Co. Ltd.(a) | 51,852 | 3,449,084 | ||||||
| SK Bioscience Co. Ltd.(a) | 44,113 | 2,314,189 | ||||||
| SK Hynix Inc. | 891,337 | 92,486,440 | ||||||
| SK IE Technology Co. Ltd.(a)(b) | 47,002 | 2,573,387 | ||||||
| SK Inc. | 58,522 | 7,403,958 | ||||||
| SK Innovation Co. Ltd.(a) | 98,558 | 10,910,889 | ||||||
| SK Square Co. Ltd.(a) | 158,262 | 6,227,395 | ||||||
| SK Telecom Co. Ltd. | 68,879 | 2,786,873 | ||||||
| SKC Co. Ltd. | 31,130 | 2,327,352 | ||||||
| S-Oil Corp. | 73,392 | 3,868,111 | ||||||
| Woori Financial Group Inc. | 1,001,973 | 10,100,679 | ||||||
| Yuhan Corp. | 88,041 | 4,178,804 | ||||||
| 1,334,194,664 | ||||||||
| Taiwan — 21.8% | ||||||||
| Accton Technology Corp. | 814,000 | 13,849,322 | ||||||
| Acer Inc. | 4,663,000 | 5,260,106 | ||||||
| Advantech Co. Ltd. | 760,280 | 8,589,155 | ||||||
| Airtac International Group | 227,439 | 7,899,542 | ||||||
| Alchip Technologies Ltd. | 117,976 | 11,744,730 | ||||||
| ASE Technology Holding Co. Ltd. | 5,042,000 | 20,589,622 | ||||||
| Asia Cement Corp. | 3,736,000 | 4,983,852 | ||||||
| Asustek Computer Inc. | 1,146,000 | 14,449,457 | ||||||
| AUO Corp. | 10,674,800 | 5,602,034 | ||||||
| Catcher Technology Co. Ltd. | 921,000 | 5,730,033 | ||||||
| Cathay Financial Holding Co. Ltd. | 15,698,379 | 23,364,352 | ||||||
| Chailease Holding Co. Ltd. | 2,493,595 | 14,816,341 | ||||||
| Chang Hwa Commercial Bank Ltd. | 8,966,431 | 5,107,059 | ||||||
| Cheng Shin Rubber Industry Co. Ltd. | 3,138,000 | 4,726,350 | ||||||
| China Airlines Ltd. | 4,764,000 | 3,219,703 | ||||||
| China Development Financial Holding Corp.(a) | 26,705,920 | 10,854,154 | ||||||
| China Steel Corp. | 19,294,000 | 16,159,099 | ||||||
| Chunghwa Telecom Co. Ltd. | 6,153,000 | 23,523,635 | ||||||
| Compal Electronics Inc. | 7,007,000 | 6,931,391 | ||||||
| CTBC Financial Holding Co. Ltd. | 28,758,000 | 25,170,260 | ||||||
| Delta Electronics Inc. | 3,190,000 | 32,264,625 | ||||||
| E Ink Holdings Inc. | 1,398,000 | 8,162,513 | ||||||
| E.Sun Financial Holding Co. Ltd. | 23,271,336 | 19,058,005 | ||||||
| Eclat Textile Co. Ltd. | 292,000 | 5,552,150 | ||||||
| eMemory Technology Inc. | 105,000 | 8,419,631 | ||||||
| Eva Airways Corp. | 4,160,000 | 4,168,219 | ||||||
| Evergreen Marine Corp. Taiwan Ltd. | 1,673,400 | 6,002,493 | ||||||
| Far Eastern New Century Corp. | 4,691,000 | 4,593,680 | ||||||
| Far EasTone Telecommunications Co. Ltd. | 2,594,000 | 6,880,750 | ||||||
| Feng TAY Enterprise Co. Ltd. | 807,760 | 4,752,172 | ||||||
| First Financial Holding Co. Ltd. | 18,095,849 | 16,034,608 | ||||||
| Formosa Chemicals & Fibre Corp. | 5,661,000 | 11,610,437 | ||||||
5
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2023 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Taiwan (continued) | ||||||||
| Formosa Petrochemical Corp. | 1,854,000 | $ | 5,034,506 | |||||
| Formosa Plastics Corp. | 6,141,000 | 15,871,213 | ||||||
| Fubon Financial Holding Co. Ltd. | 12,690,663 | 26,154,043 | ||||||
| Gigabyte Technology Co. Ltd. | 810,000 | 6,451,557 | ||||||
| Global Unichip Corp. | 142,000 | 7,477,290 | ||||||
| Globalwafers Co. Ltd. | 346,000 | 6,454,270 | ||||||
| Hon Hai Precision Industry Co. Ltd. | 20,359,200 | 66,128,269 | ||||||
| Hotai Motor Co. Ltd. | 495,572 | 11,234,538 | ||||||
| Hua Nan Financial Holdings Co. Ltd. | 14,749,078 | 10,498,906 | ||||||
| Innolux Corp. | 14,047,042 | 5,675,767 | ||||||
| Inventec Corp. | 4,340,000 | 5,883,252 | ||||||
| Largan Precision Co. Ltd. | 162,000 | 12,377,280 | ||||||
| Lite-On Technology Corp. | 3,297,000 | 11,589,779 | ||||||
| MediaTek Inc. | 2,474,000 | 74,713,552 | ||||||
| Mega Financial Holding Co. Ltd. | 18,544,895 | 23,439,200 | ||||||
| Micro-Star International Co. Ltd. | 1,174,000 | 6,892,294 | ||||||
| momo.com Inc. | 127,420 | 2,111,347 | ||||||
| Nan Ya Plastics Corp. | 7,723,000 | 16,817,891 | ||||||
| Nan Ya Printed Circuit Board Corp. | 370,000 | 2,935,266 | ||||||
| Nanya Technology Corp. | 1,999,000 | 4,790,603 | ||||||
| Nien Made Enterprise Co. Ltd. | 280,000 | 3,045,537 | ||||||
| Novatek Microelectronics Corp. | 934,000 | 15,256,390 | ||||||
| Parade Technologies Ltd. | 126,000 | 4,330,025 | ||||||
| Pegatron Corp. | 3,277,000 | 8,511,388 | ||||||
| PharmaEssentia Corp.(a) | 378,000 | 4,403,770 | ||||||
| Pou Chen Corp. | 3,554,000 | 3,509,063 | ||||||
| Powerchip Semiconductor Manufacturing Corp. | 4,971,000 | 4,786,146 | ||||||
| President Chain Store Corp. | 935,000 | 8,059,528 | ||||||
| Quanta Computer Inc. | 4,409,000 | 28,540,130 | ||||||
| Realtek Semiconductor Corp. | 797,000 | 11,460,034 | ||||||
| Ruentex Development Co. Ltd. | 2,506,640 | 2,872,302 | ||||||
| Shanghai Commercial & Savings Bank Ltd. (The) | 6,225,678 | 8,974,023 | ||||||
| Shin Kong Financial Holding Co. Ltd.(a) | 21,436,897 | 6,177,483 | ||||||
| Silergy Corp. | 518,000 | 7,065,215 | ||||||
| SinoPac Financial Holdings Co. Ltd. | 17,920,201 | 10,834,397 | ||||||
| Synnex Technology International Corp. | 2,025,000 | 4,455,703 | ||||||
| Taishin Financial Holding Co. Ltd. | 18,337,336 | 10,739,772 | ||||||
| Taiwan Business Bank | 10,296,064 | 4,450,881 | ||||||
| Taiwan Cement Corp. | 11,089,671 | 12,383,197 | ||||||
| Taiwan Cooperative Financial Holding Co. Ltd. | 17,102,961 | 14,731,711 | ||||||
| Taiwan High Speed Rail Corp. | 3,038,000 | 2,925,335 | ||||||
| Taiwan Mobile Co. Ltd. | 2,727,000 | 8,577,905 | ||||||
| Taiwan Semiconductor Manufacturing Co. Ltd. | 40,185,000 | 735,068,803 | ||||||
| Unimicron Technology Corp. | 2,231,000 | 12,648,683 | ||||||
| Uni-President Enterprises Corp. | 7,929,000 | 18,509,045 | ||||||
| United Microelectronics Corp. | 18,371,000 | 28,727,847 | ||||||
| Vanguard International Semiconductor Corp. | 1,448,000 | 3,691,092 | ||||||
| Voltronic Power Technology Corp. | 107,000 | 5,498,010 | ||||||
| Walsin Lihwa Corp. | 4,621,473 | 5,761,798 | ||||||
| Wan Hai Lines Ltd. | 1,060,015 | 1,585,506 | ||||||
| Winbond Electronics Corp. | 5,098,899 | 4,624,379 | ||||||
| Wistron Corp. | 4,259,000 | 12,408,666 | ||||||
| Wiwynn Corp. | 143,000 | 8,023,363 | ||||||
| WPG Holdings Ltd. | 2,591,520 | 6,434,876 | ||||||
| Yageo Corp. | 545,858 | 10,493,426 | ||||||
| Yang Ming Marine Transport Corp. | 2,867,000 | 3,857,542 | ||||||
| Yuanta Financial Holding Co. Ltd. | 16,530,412 | 13,753,743 | ||||||
| Zhen Ding Technology Holding Ltd. | 1,048,000 | 3,474,854 | ||||||
| 1,743,251,871 | ||||||||
| Thailand — 2.4% | ||||||||
| Advanced Info Service PCL, NVDR | 1,941,200 | 12,040,998 | ||||||
| Airports of Thailand PCL, NVDR(a) | 6,743,300 | 11,405,082 | ||||||
| Security | Shares | Value | ||||||
| Thailand (continued) | ||||||||
| Asset World Corp. PCL, NVDR(d) | 12,200,400 | $ | 1,284,742 | |||||
| Bangkok Dusit Medical Services PCL, NVDR | 18,377,600 | 13,723,553 | ||||||
| Bangkok Expressway & Metro PCL, NVDR | 12,240,800 | 2,713,824 | ||||||
| Banpu PCL, NVDR | 13,759,500 | 2,916,212 | ||||||
| Berli Jucker PCL, NVDR(d) | 1,725,600 | 1,288,051 | ||||||
| BTS Group Holdings PCL, NVDR | 13,329,900 | 2,751,269 | ||||||
| Bumrungrad Hospital PCL, NVDR | 966,700 | 6,127,452 | ||||||
| Central Pattana PCL, NVDR | 3,249,800 | 6,265,364 | ||||||
| Central Retail Corp. PCL, NVDR | 3,127,800 | 3,358,678 | ||||||
| Charoen Pokphand Foods PCL, NVDR(d) | 6,150,900 | 3,476,281 | ||||||
| CP ALL PCL, NVDR | 9,496,500 | 14,041,038 | ||||||
| CP Axtra PCL | 3,758,100 | 2,885,152 | ||||||
| Delta Electronics Thailand PCL, NVDR | 5,092,700 | 11,276,145 | ||||||
| Energy Absolute PCL, NVDR | 2,674,100 | 3,386,865 | ||||||
| Global Power Synergy PCL, NVDR | 1,101,600 | 1,426,416 | ||||||
| Gulf Energy Development PCL, NVDR(d) | 4,942,200 | 6,465,266 | ||||||
| Home Product Center PCL, NVDR | 9,784,500 | 3,282,743 | ||||||
| Indorama Ventures PCL, NVDR | 2,811,700 | 1,958,572 | ||||||
| Intouch Holdings PCL, NVDR | 1,554,450 | 3,086,071 | ||||||
| Kasikornbank PCL, NVDR | 968,900 | 3,525,255 | ||||||
| Krung Thai Bank PCL, NVDR | 5,971,800 | 3,091,190 | ||||||
| Krungthai Card PCL, NVDR | 1,619,400 | 2,153,013 | ||||||
| Land & Houses PCL, NVDR | 12,356,100 | 2,705,789 | ||||||
| Minor International PCL, NVDR | 5,626,400 | 4,362,961 | ||||||
| Muangthai Capital PCL, NVDR | 1,153,300 | 1,435,031 | ||||||
| Osotspa PCL, NVDR | 2,213,400 | 1,438,793 | ||||||
| PTT Exploration & Production PCL, NVDR | 2,208,700 | 9,481,274 | ||||||
| PTT Global Chemical PCL, NVDR | 3,641,000 | 3,993,271 | ||||||
| PTT Oil & Retail Business PCL, NVDR | 5,116,000 | 2,895,396 | ||||||
| PTT Public Company Ltd., NVDR | 16,512,800 | 16,312,093 | ||||||
| SCB X PCL, NVS | 1,355,000 | 3,824,343 | ||||||
| SCG Packaging PCL, NVDR | 2,145,100 | 2,354,303 | ||||||
| Siam Cement PCL (The), NVDR | 1,292,200 | 10,546,285 | ||||||
| Thai Oil PCL, NVDR | 2,087,100 | 3,050,395 | ||||||
| TMBThanachart Bank PCL, NVDR | 41,411,500 | 1,813,011 | ||||||
| True Corp. PCL | 17,030,582 | 2,717,111 | ||||||
| 190,859,288 | ||||||||
| Turkey — 1.0% | ||||||||
| Akbank TAS | 5,119,678 | 5,972,053 | ||||||
| Aselsan Elektronik Sanayi Ve Ticaret AS | 2,289,437 | 3,872,386 | ||||||
| BIM Birlesik Magazalar AS | 748,322 | 7,988,849 | ||||||
| Eregli Demir ve Celik Fabrikalari TAS(a) | 2,162,458 | 3,069,821 | ||||||
| Ford Otomotiv Sanayi AS | 112,081 | 3,264,392 | ||||||
| Haci Omer Sabanci Holding AS | 1,717,499 | 3,625,304 | ||||||
| Hektas Ticaret TAS(a) | 1,836,024 | 1,417,939 | ||||||
| KOC Holding AS | 1,241,951 | 6,077,859 | ||||||
| Koza Altin Isletmeleri AS | 1,603,439 | 1,290,514 | ||||||
| Pegasus Hava Tasimaciligi AS(a) | 79,286 | 1,938,207 | ||||||
| Sasa Polyester Sanayi AS(a) | 1,921,631 | 3,319,485 | ||||||
| Tofas Turk Otomobil Fabrikasi AS | 192,817 | 1,592,027 | ||||||
| Turk Hava Yollari AO(a) | 916,291 | 7,971,793 | ||||||
| Turkcell Iletisim Hizmetleri AS(a) | 1,982,483 | 3,971,797 | ||||||
| Turkiye Is Bankasi AS, Class C | 5,734,589 | 4,266,082 | ||||||
| Turkiye Petrol Rafinerileri AS | 1,598,085 | 8,452,554 | ||||||
| Turkiye Sise ve Cam Fabrikalari AS | 2,233,213 | 3,810,753 | ||||||
| Yapi ve Kredi Bankasi AS | 5,522,391 | 3,678,521 | ||||||
| 75,580,336 | ||||||||
| United Arab Emirates — 1.8% | ||||||||
| Abu Dhabi Commercial Bank PJSC | 4,834,151 | 11,056,859 | ||||||
| Abu Dhabi Islamic Bank PJSC | 2,416,779 | 6,712,270 | ||||||
| Abu Dhabi National Oil Co. for Distribution PJSC | 5,303,116 | 5,487,152 | ||||||
6
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2023 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| United Arab Emirates (continued) | ||||||||
| Aldar Properties PJSC | 6,368,885 | $ | 9,920,457 | |||||
| Americana Restaurants International PLC | 4,210,750 | 3,863,862 | ||||||
| Dubai Islamic Bank PJSC | 4,769,872 | 7,167,931 | ||||||
| Emaar Properties PJSC | 10,880,948 | 22,476,189 | ||||||
| Emirates NBD Bank PJSC | 3,125,984 | 14,980,686 | ||||||
| Emirates Telecommunications Group Co. PJSC | 5,665,683 | 29,805,175 | ||||||
| First Abu Dhabi Bank PJSC | 7,209,583 | 26,933,732 | ||||||
| Multiply Group(a) | 6,430,946 | 6,148,255 | ||||||
| 144,552,568 | ||||||||
| United Kingdom — 0.2% | ||||||||
| Anglogold Ashanti PLC, NVS | 675,156 | 13,072,106 | ||||||
| Total Common Stocks — 96.5% | ||||||||
| (Cost: $7,576,717,223) | 7,703,482,502 | |||||||
| Preferred Stocks | ||||||||
| Brazil — 2.2% | ||||||||
| Banco Bradesco SA, Preference Shares, NVS | 8,617,093 | 28,484,087 | ||||||
| Centrais Eletricas Brasileiras SA, Class B, Preference Shares, NVS | 441,259 | 4,022,570 | ||||||
| Cia. Energetica de Minas Gerais, Preference Shares, NVS | 2,287,389 | 5,144,482 | ||||||
| Cia. Paranaense de Energia, Preference Shares, NVS | 1,361,999 | 2,617,712 | ||||||
| Gerdau SA, Preference Shares, NVS | 1,876,649 | 8,330,834 | ||||||
| Itau Unibanco Holding SA, Preference Shares, NVS | 7,903,676 | 50,726,247 | ||||||
| Itausa SA, Preference Shares, NVS | 8,872,147 | 17,574,676 | ||||||
| Petroleo Brasileiro SA, Preference Shares, NVS | 7,759,127 | 56,608,578 | ||||||
| 173,509,186 | ||||||||
| Chile — 0.1% | ||||||||
| Sociedad Quimica y Minera de Chile SA, Class B, Preference Shares | 230,525 | 11,666,891 | ||||||
| Colombia — 0.1% | ||||||||
| Bancolombia SA, Preference Shares, NVS | 767,209 | 5,311,057 | ||||||
| Russia — 0.0% | ||||||||
| Surgutneftegas PJSC, Preference Shares, NVS(c) | 3,036,700 | 338 | ||||||
| South Korea — 0.9% | ||||||||
| Hyundai Motor Co. | ||||||||
| Preference Shares, NVS | 38,349 | 3,208,490 | ||||||
| Series 2, Preference Shares, NVS | 60,188 | 5,108,655 | ||||||
| Security | Shares | Value | ||||||
| South Korea (continued) | ||||||||
| LG Chem Ltd., Preference Shares, NVS | 11,874 | $ | 2,836,760 | |||||
| Samsung Electronics Co. Ltd., Preference Shares, NVS | 1,339,122 | 60,074,893 | ||||||
| 71,228,798 | ||||||||
| Total Preferred Stocks — 3.3% | ||||||||
| (Cost: $245,623,197) | 261,716,270 | |||||||
| Rights | ||||||||
| Thailand — 0.0% | ||||||||
| SCC Rates, | ||||||||
| (Expires 12/11/23, Strike Price THB 11.50) | 156,387 | — | ||||||
| Total Rights — 0.0% | ||||||||
| (Cost: $—) | — | |||||||
| Total Long-Term Investments — 99.8% | ||||||||
| (Cost: $7,822,340,420) | 7,965,198,772 | |||||||
| Short-Term Securities | ||||||||
| Money Market Funds — 0.2% | ||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares, 5.54%(f)(g)(h) | 16,478,192 | 16,486,432 | ||||||
| Total Short-Term Securities — 0.2% | ||||||||
| (Cost: $16,484,524) | 16,486,432 | |||||||
| Total Investments — 100.0% | ||||||||
| (Cost: $7,838,824,944) | 7,981,685,204 | |||||||
| Liabilities in Excess of Other Assets — (0.0)% | (2,194,576 | ) | ||||||
| Net Assets — 100.0% | $ | 7,979,490,628 | ||||||
| (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. |
7
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2023 |
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 | $ | 40,022,334 | $ | — | $ | (23,544,495 | )(a) | $ | 8,541 | $ | 52 | $ | 16,486,432 | 16,478,192 | $ | 261,356 | (b) | $ | — | |||||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares(c) | — | — | 0 | (a) | — | — | — | — | 12,914 | — | ||||||||||||||||||||||||||
| $ | 8,541 | $ | 52 | $ | 16,486,432 | $ | 274,270 | $ | — | |||||||||||||||||||||||||||
| (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 | 306 | 12/15/23 | $ | 15,103 | $ | 15,056 | ||||||||
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 | $ | 1,272,985,867 | $ | 6,430,491,962 | $ | 4,673 | $ | 7,703,482,502 | ||||||||
| Preferred Stocks | 178,820,243 | 82,895,689 | 338 | 261,716,270 | ||||||||||||
| Rights | — | — | — | — | ||||||||||||
| Short-Term Securities | ||||||||||||||||
| Money Market Funds | 16,486,432 | — | — | 16,486,432 | ||||||||||||
| $ | 1,468,292,542 | $ | 6,513,387,651 | $ | 5,011 | $ | 7,981,685,204 | |||||||||
8
| Schedule of Investments (unaudited) (continued) | iShares® MSCI Emerging Markets ex China ETF |
| November 30, 2023 |
Fair Value Hierarchy as of Period End (continued)
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Derivative Financial Instruments(a) | ||||||||||||||||
| Assets | ||||||||||||||||
| Equity Contracts | $ | 15,056 | $ | — | $ | — | $ | 15,056 | ||||||||
| (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 |
| JSC | Joint Stock Company |
| NVDR | Non-Voting Depositary Receipt |
| NVS | Non-Voting Shares |
| PJSC | Public Joint Stock Company |
9