iShares Russell Small/Mid-Cap Index Fund - (IWM) NPORT-P iShares MSCI Poland ETF (May 2020 report)

Schedule of Investments  (unaudited)  May 31, 2020 iShares^® MSCI Poland ETF (Percentages shown are based on Net Assets)

Security	Shares		Value
Common Stocks
Banks — 21.0%
Alior Bank SA(a)(b)		462,970	$	1,655,116
Bank Handlowy w Warszawie SA		85,034		784,678
Bank Millennium SA(a)		3,268,439		2,029,204
Bank Polska Kasa Opieki SA		799,591		10,495,605
mBank SA(a)		79,878		4,296,919
Powszechna Kasa Oszczednosci Bank Polski SA		4,412,884		24,576,023
Santander Bank Polska SA(a)		174,596		7,098,604
				50,936,149
Capital Markets — 0.7%
Warsaw Stock Exchange		177,390		1,809,695
Chemicals — 1.5%
Ciech SA(a)		167,349		1,579,789
Grupa Azoty SA(a)		269,042		2,089,608
				3,669,397
Construction & Engineering — 1.6%
Budimex SA		66,967		3,779,667
Consumer Finance — 1.0%
KRUK SA		95,589		2,386,025
Diversified Telecommunication Services — 2.4%
Orange Polska SA(a)		3,565,268		5,805,291
Electric Utilities — 4.2%
Enea SA(a)(b)		1,290,963		1,887,665
Energa SA(a)(b)		495,945		978,464
PGE Polska Grupa Energetyczna SA(a)		4,487,073		5,419,181
Tauron Polska Energia SA(a)		6,163,205		1,900,894
				10,186,204
Entertainment — 14.3%
CD Projekt SA		333,095		33,590,670
TEN Square Games SA		8,745		1,109,450
				34,700,120
Food & Staples Retailing — 5.5%
Dino Polska SA(a)(c)		240,847		10,983,133
Eurocash SA(b)		503,852		2,302,705
				13,285,838
Health Care Providers & Services — 0.8%
Neuca SA		15,304		1,953,035
Hotels, Restaurants & Leisure — 1.0%
AmRest Holdings SE(a)(b)		356,725		2,343,007
Insurance — 9.4%
Powszechny Zaklad Ubezpieczen SA		3,052,552		22,748,152
Machinery — 0.4%
Famur SA		1,616,995		997,447

Security	Shares		Value
Media — 3.7%
Cyfrowy Polsat SA		1,371,729	$	8,947,995
Metals & Mining — 5.0%
Jastrzebska Spolka Weglowa SA(b)		299,869		1,238,283
KGHM Polska Miedz SA(a)		498,271		10,736,432
				11,974,715
Oil, Gas & Consumable Fuels — 17.4%
Grupa Lotos SA		492,739		7,326,727
Lubelski Wegiel Bogdanka SA		14,916		72,639
Polski Koncern Naftowy ORLEN SA		1,509,666		25,169,897
Polskie Gornictwo Naftowe i Gazownictwo SA		9,139,347		9,595,379
				42,164,642
Software — 2.4%
Asseco Poland SA		318,360		5,803,976
Textiles, Apparel & Luxury Goods — 5.2%
CCC SA(b)		156,710		1,894,594
LPP SA		6,296		10,786,314
				12,680,908
Wireless Telecommunication Services — 1.9%
PLAY Communications SA(c)		639,422		4,541,522
Total Common Stocks — 99.4% (Cost: $380,557,567)				240,713,785
Short-Term Investments
Money Market Funds — 3.3%
BlackRock Cash Funds: Institutional, SL Agency Shares,     0.69%(d)(e)(f)		6,558,976		6,568,815
BlackRock Cash Funds: Treasury, SL Agency Shares,     0.16%(d)(e)		1,351,000		1,351,000
				7,919,815
Total Short-Term Investments — 3.3% (Cost: $7,914,724)				7,919,815
Total Investments in Securities — 102.7% (Cost: $388,472,291)				248,633,600
Other Assets, Less Liabilities — (2.7)%				(6,635,743	)
Net Assets — 100.0%			$	241,997,857

^(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 cash collateral received from loaned securities.

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Schedule of Investments  (unaudited) (continued) May 31, 2020 iShares^® MSCI Poland ETF

Affiliates

Investments in issuers considered to be affiliates of the Fund during the period ended May 31, 2020, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Shares Held at 08/31/19	Net Activity	Shares Held at 05/31/20		Value at 05/31/20		Income			Net Realized Gain (Loss)	(a)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares	3,119,876	3,439,100	6,558,976	$	6,568,815	$	45,133	(b)	$	(873	)	$	4,704
BlackRock Cash Funds: Treasury, SL Agency Shares	127,000	1,224,000	1,351,000		1,351,000		3,682			—			—
				$	7,919,815	$	48,815		$	(873	)	$	4,704

^(a)  Includes realized capital gain distributions from an affiliated fund, if any.

^(b)  Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent.

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of May 31, 2020. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Investments
Assets
Common Stocks	$	240,713,785	$	—	$	—	$	240,713,785
Money Market Funds		7,919,815		—		—		7,919,815
	$	248,633,600	$	—	$	—	$	248,633,600

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