Schedule of Investments (unaudited)	iShares® MSCI Italy ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Aerospace & Defense — 2.4%
Leonardo SpA		433,629	$	11,153,773
Automobiles — 16.1%
Ferrari NV		93,484		38,523,073
Stellantis NV		1,606,275		35,588,674
				74,111,747
Banks — 28.6%
Banco BPM SpA		1,945,811		14,038,974
FinecoBank Banca Fineco SpA		900,362		14,602,557
Intesa Sanpaolo SpA		10,821,772		42,629,469
Mediobanca Banca di Credito Finanziario SpA		895,046		14,166,453
UniCredit SpA		1,167,874		46,496,114
				131,933,567
Beverages — 2.2%
Davide Campari-Milano NV		1,036,762		10,386,003
Diversified Telecommunication Services — 3.2%
Infrastrutture Wireless Italiane SpA(a)		727,014		7,970,920
Telecom Italia SpA/Milano(b)(c)		26,003,621		6,854,689
				14,825,609
Electric Utilities — 13.3%
Enel SpA		6,260,590		45,456,296
Terna - Rete Elettrica Nazionale		1,891,273		15,917,863
				61,374,159
Electrical Equipment — 4.8%
Prysmian SpA		333,215		21,915,459
Energy Equipment & Services — 2.6%
Tenaris SA, NVS		713,283		11,785,110
Financial Services — 1.8%
Nexi SpA(a)(b)		1,221,765		8,132,751
Gas Utilities — 3.0%
Snam SpA		2,870,226		13,618,432
Health Care Equipment & Supplies — 1.5%
DiaSorin SpA		65,479		7,066,431
Health Care Providers & Services — 2.1%
Amplifon SpA		257,763		9,527,712

Security	Shares		Value
Insurance — 7.2%
Assicurazioni Generali SpA		818,095	$	21,056,606
Poste Italiane SpA(a)		892,303		12,257,578
				33,314,184
Oil, Gas & Consumable Fuels — 4.5%
Eni SpA		1,316,200		20,788,551
Pharmaceuticals — 2.1%
Recordati Industria Chimica e Farmaceutica SpA		187,723		9,908,557
Textiles, Apparel & Luxury Goods — 4.1%
Moncler SpA		281,479		18,782,935
Total Long-Term Investments — 99.5%
(Cost: $419,064,310)				458,624,980
Short-Term Securities
Money Market Funds — 1.6%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.49%(d)(e)(f)		6,643,368		6,645,361
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.28%(d)(e)		510,000		510,000
Total Short-Term Securities — 1.6%
(Cost: $7,155,990)				7,155,361
Total Investments — 101.1%
(Cost: $426,220,300)				465,780,341
Liabilities in Excess of Other Assets — (1.1)%				(5,020,355	)
Net Assets — 100.0%			$	460,759,986

^(a) 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.

^(b) Non-income producing security.

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

^(d) Affiliate of the Fund.

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

^(f) All or a portion of this security was purchased with the cash collateral from loaned securities.

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Italy ETF
May 31, 2024

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended May 31, 2024 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 Sales		Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value at 05/31/24		Shares Held at 05/31/24		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	1,720,732	$	4,926,147	(a)	$	—	$	(844	)	$	(674	)	$	6,645,361		6,643,368	$	17,098	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		140,000		370,000	(a)		—		—			—			510,000		510,000		9,363			—
								$	(844	)	$	(674	)	$	7,155,361			$	26,461		$	—

^(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
FTSE/MIB Index		10	06/21/24	$	1,888	$	(5,736	)

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	$	—	$	458,624,980	$	—	$	458,624,980

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Schedule of Investments (unaudited) (continued)	iShares® MSCI Italy ETF
May 31, 2024

Fair Value Hierarchy as of Period End (continued)

	Level 1		Level 2			Level 3		Total
Short-Term Securities
Money Market Funds	$	7,155,361	$	—		$	—	$	7,155,361
	$	7,155,361	$	458,624,980		$	—	$	465,780,341
Derivative Financial Instruments(a)
Liabilities
Equity Contracts	$	—	$	(5,736	)	$	—	$	(5,736	)

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

Portfolio Abbreviation

NVS Non-Voting Shares

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