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

Security	Shares		Value
Common Stocks
Aerospace & Defense — 1.2%
Hanwha Aerospace Co. Ltd.		245,003	$	36,540,654
Korea Aerospace Industries Ltd.		703,207		26,379,085
				62,919,739
Air Freight & Logistics — 0.5%
Hyundai Glovis Co. Ltd.		183,028		23,822,016
Automobile Components — 1.8%
Hankook Tire & Technology Co. Ltd.		741,844		23,506,668
Hanon Systems		664,106		2,406,488
Hyundai Mobis Co. Ltd.		440,061		68,612,056
				94,525,212
Automobiles — 6.1%
Hyundai Motor Co.		919,878		168,801,111
Kia Corp.		1,762,614		150,450,102
				319,251,213
Banks — 8.4%
Hana Financial Group Inc.		2,088,233		93,251,287
Industrial Bank of Korea		2,527,070		25,152,368
KakaoBank Corp.		1,171,984		18,951,677
KB Financial Group Inc.		2,617,671		150,490,668
Shinhan Financial Group Co. Ltd.		3,064,627		105,136,910
Woori Financial Group Inc.		4,787,116		49,102,970
				442,085,880
Biotechnology — 3.3%
Alteogen Inc.(a)		261,725		35,141,149
Celltrion Inc.		1,024,407		130,766,954
SK Bioscience Co. Ltd.(a)(b)		222,428		8,326,578
				174,234,681
Broadline Retail — 0.0%
Lotte Shopping Co. Ltd.		1		48
Capital Markets — 1.2%
Korea Investment Holdings Co. Ltd.		396,160		18,685,259
Mirae Asset Securities Co. Ltd.(b)		3,231,427		16,891,599
NH Investment & Securities Co. Ltd.		1,744,566		15,494,213
Samsung Securities Co. Ltd.		382,500		10,011,961
				61,083,032
Chemicals — 3.6%
Enchem Co. Ltd.(a)		65,038		13,786,900
Hanwha Solutions Corp.		920,378		21,130,383
Kum Yang Co. Ltd.(a)		268,244		16,329,975
Kumho Petrochemical Co. Ltd.		194,284		20,756,539
LG Chem Ltd.		330,821		84,550,606
Lotte Chemical Corp.		185,304		15,187,279
SKC Co. Ltd.(a)(b)		150,932		15,286,219
				187,027,901
Construction & Engineering — 0.8%
Hyundai Engineering & Construction Co. Ltd.		732,870		17,585,708
Samsung E&A Co. Ltd.(a)		1,361,101		23,052,944
				40,638,652
Diversified Telecommunication Services — 0.5%
KT Corp.		496,236		13,249,284
LG Uplus Corp.		1,985,974		13,869,265
				27,118,549
Electric Utilities — 0.5%
Korea Electric Power Corp.(a)		2,050,895		28,853,580
Electrical Equipment — 5.8%
Doosan Enerbility Co. Ltd.(a)		2,979,923		44,935,594

Security	Shares		Value
Electrical Equipment (continued)
Ecopro BM Co. Ltd.(a)(b)		320,151	$	44,708,391
Ecopro Co. Ltd.(a)(b)		647,783		44,493,720
Ecopro Materials Co. Ltd.(a)		121,541		7,023,260
HD Hyundai Electric Co. Ltd.		102,820		22,352,981
L&F Co. Ltd.(a)		177,738		20,205,476
LG Energy Solution Ltd.(a)(b)		296,568		71,435,719
POSCO Future M Co. Ltd.(b)		224,476		41,031,604
SK IE Technology Co. Ltd.(a)(b)(c)		241,348		7,567,377
				303,754,122
Electronic Equipment, Instruments & Components — 3.7%
LG Display Co. Ltd.(a)(b)		2,751,300		19,816,220
LG Innotek Co. Ltd.		129,967		23,316,345
Samsung Electro-Mechanics Co. Ltd.		443,775		49,843,941
Samsung SDI Co. Ltd.		364,821		99,674,372
				192,650,878
Entertainment — 1.6%
HYBE Co. Ltd.(b)		145,568		21,122,211
Krafton Inc.(a)		194,540		35,154,406
NCSoft Corp.		135,401		18,697,058
Netmarble Corp.(a)(c)		256,362		11,201,808
				86,175,483
Financial Services — 0.9%
Kakaopay Corp.(a)		112,151		2,526,498
Meritz Financial Group Inc.		832,523		46,131,431
				48,657,929
Food Products — 0.7%
CJ CheilJedang Corp.		84,395		21,371,478
Orion Corp./Republic of Korea		233,579		15,454,013
				36,825,491
Health Care Equipment & Supplies — 0.8%
HLB Inc.(a)(b)		929,518		41,241,286
Hotels, Restaurants & Leisure — 0.1%
Kangwon Land Inc.		402,265		4,338,976
Household Durables — 1.5%
Coway Co. Ltd.		456,562		18,697,187
LG Electronics Inc.		799,013		60,775,973
				79,473,160
Industrial Conglomerates — 3.6%
GS Holdings Corp.		517,335		16,333,039
LG Corp.		686,093		40,369,464
Samsung C&T Corp.		612,402		59,935,156
SK Inc.		296,512		37,872,011
SK Square Co. Ltd.(a)		667,946		37,469,524
				191,979,194
Insurance — 2.5%
DB Insurance Co. Ltd.		439,694		32,953,940
Samsung Fire & Marine Insurance Co. Ltd.		241,131		60,874,704
Samsung Life Insurance Co. Ltd.		593,442		36,260,523
				130,089,167
Interactive Media & Services — 3.3%
Kakao Corp.		2,026,198		63,842,970
NAVER Corp.		865,245		107,116,442
				170,959,412
IT Services — 0.8%
Posco DX Co. Ltd.(b)		411,640		10,591,009
Samsung SDS Co. Ltd.		281,373		31,214,840
				41,805,849

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

Security	Shares		Value
Life Sciences Tools & Services — 1.3%
Samsung Biologics Co. Ltd.(a)(c)		128,041	$	67,547,459
Machinery — 2.3%
Doosan Bobcat Inc.		592,470		24,774,483
Hanwha Ocean Co. Ltd.(a)(b)		638,550		13,738,500
HD Hyundai Heavy Industries Co. Ltd.(a)(b)		165,639		15,460,246
HD Korea Shipbuilding & Offshore Engineering
Co. Ltd.(a)		333,001		31,462,791
Samsung Heavy Industries Co. Ltd.(a)		5,542,591		36,939,851
				122,375,871
Marine Transportation — 0.4%
HMM Co. Ltd.		1,758,039		22,977,955
Metals & Mining — 3.3%
Hyundai Steel Co.		812,613		17,452,910
Korea Zinc Co. Ltd.		82,601		31,525,766
POSCO Holdings Inc.		471,299		126,387,512
				175,366,188
Oil, Gas & Consumable Fuels — 1.4%
HD Hyundai Co. Ltd.		464,660		23,156,678
SK Innovation Co. Ltd.(a)		447,649		32,539,625
S-Oil Corp.		405,802		20,089,631
				75,785,934
Passenger Airlines — 0.6%
Hanjin Kal Corp.		141,995		6,554,909
Korean Air Lines Co. Ltd.		1,619,918		24,443,572
				30,998,481
Personal Care Products — 1.1%
Amorepacific Corp.(b)		262,111		36,818,451
LG H&H Co. Ltd.		71,280		21,562,029
				58,380,480
Pharmaceuticals — 1.3%
Celltrion Pharm Inc.(a)(b)		155,447		10,059,630
Hanmi Pharm Co. Ltd.		76,897		15,770,959
SK Biopharmaceuticals Co. Ltd.(a)		231,415		14,324,566
Yuhan Corp.(b)		544,013		27,178,249
				67,333,404
Semiconductors & Semiconductor Equipment — 9.9%
Hanmi Semiconductor Co. Ltd.		322,716		37,985,795
SK Hynix Inc.		3,509,518		483,570,318
				521,556,113
Technology Hardware, Storage & Peripherals — 21.9%
CosmoAM&T Co. Ltd.(a)		171,900		19,433,214
Samsung Electronics Co. Ltd.		21,356,655		1,131,535,392
				1,150,968,606
Tobacco — 0.9%
KT&G Corp.		797,113		48,115,109
Trading Companies & Distributors — 0.2%
Posco International Corp.(b)		394,644		12,362,811

Security	Shares		Value
Wireless Telecommunication Services — 0.3%
SK Telecom Co. Ltd.		400,253	$	14,770,049
Total Common Stocks — 98.1%
(Cost: $3,434,414,937)				5,158,049,910

Preferred Stocks

Automobiles — 1.2%
Hyundai Motor Co.
Preference Shares, NVS	239,207	26,598,829
Series 2, Preference Shares, NVS	318,551	35,441,159
		62,039,988
Chemicals — 0.3%
LG Chem Ltd., Preference Shares, NVS	88,617	15,284,368
Technology Hardware, Storage & Peripherals — 0.1%
Samsung Electronics Co. Ltd., Preference
Shares, NVS	108,657	4,740,820
Total Preferred Stocks — 1.6%
(Cost: $46,139,599)		82,065,176
Total Long-Term Investments — 99.7%
(Cost: $3,480,554,536)		5,240,115,086

Short-Term Securities

Money Market Funds — 2.5%
BlackRock Cash Funds: Institutional, SL Agency
Shares, 5.49%(d)(e)(f)	130,065,921		130,104,940
BlackRock Cash Funds: Treasury, SL Agency
Shares, 5.28%(d)(e)	2,530,000		2,530,000
Total Short-Term Securities — 2.5%
(Cost: $132,631,730)			132,634,940
Total Investments — 102.2%
(Cost: $3,613,186,266)			5,372,750,026
Liabilities in Excess of Other Assets — (2.2)%			(114,352,488	)
Net Assets — 100.0%		$	5,258,397,538

^(a) Non-income producing security.

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

^(c) 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.

^(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.

2

Schedule of Investments (unaudited) (continued)	iShares® MSCI South Korea 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	$	208,037,093	$	—	$	(77,941,611	)(a)	$	14,078	$	(4,620	)	$	130,104,940		130,065,921	$	2,183,035	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		3,110,000		—		(580,000	)(a)		—		—			2,530,000		2,530,000		129,077			—
								$	14,078	$	(4,620	)	$	132,634,940			$	2,312,112		$	—

^(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

							Value/
					Notional		Unrealized
	Number of		Expiration		Amount		Appreciation
Description		Contracts		Date		(000)		(Depreciation)
Long Contracts
KOSPI 200 Index		348		06/13/24	$	22,700	$	(852,789	)

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	$	—	$	5,158,049,910	$	—	$	5,158,049,910
Preferred Stocks		—		82,065,176		—		82,065,176

3

Schedule of Investments (unaudited) (continued)	iShares® MSCI South Korea 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	$	132,634,940	$	—		$	—	$	132,634,940
	$	132,634,940	$	5,240,115,086		$	—	$	5,372,750,026
Derivative Financial Instruments(a)
Liabilities
Equity Contracts	$	—	$	(852,789	)	$	—	$	(852,789	)

^(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

4