# EDGAR Filing Document

**Accession Number:** 0000930667
**File Stem:** 0001752724-25-177744
**Filing Date:** 2025-7
**Character Count:** 38900
**Document Hash:** 9921ac71c4a46425b5a677e892495283
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-177744.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-177744

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iShares, Inc.
- **CENTRAL INDEX KEY:** 0000930667

**ORGANIZATION NAME:**
- **EIN:** 510396525
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09102
- **FILM NUMBER:** 251149312

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** (415) 670-2000

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** iSHARES INC
- **DATE OF NAME CHANGE:** 20070126

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISHARES INC
- **DATE OF NAME CHANGE:** 20000516

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WEBS INDEX FUND INC
- **DATE OF NAME CHANGE:** 19970211

## Series and Classes Contracts Data

### iShares MSCI Netherlands ETF (Series ID: S000004252)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000011956 | iShares MSCI Netherlands ETF | EWN             |

## Nport-Ex

Schedule of Investments (unaudited)

May 31, 2025

**iShares® MSCI Netherlands ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Air Freight & Logistics — 0.8%** | **Air Freight & Logistics — 0.8%** | **Air Freight & Logistics — 0.8%** |
| InPost SA<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 104211 | $1712780 |
| PostNL NV | &nbsp;&nbsp;&nbsp; 383505 | 416309 |
|  |  | 2129089 |
| **Banks — 9.3%** | **Banks — 9.3%** | **Banks — 9.3%** |
| ABN AMRO Bank NV, CVA<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 166268 | 4297935 |
| ING Groep NV | &nbsp;&nbsp;&nbsp; 967293 | 20547384 |
|  |  | 24845319 |
| **Beverages — 6.8%** | **Beverages — 6.8%** | **Beverages — 6.8%** |
| Coca-Cola Europacific Partners PLC | &nbsp;&nbsp;&nbsp; 69905 | 6416580 |
| Heineken Holding NV | &nbsp;&nbsp;&nbsp; 47275 | 3684765 |
| Heineken NV | &nbsp;&nbsp;&nbsp; 90948 | 8113700 |
|  |  | 18215045 |
| **Biotechnology — 0.3%** | **Biotechnology — 0.3%** | **Biotechnology — 0.3%** |
| Pharming Group NV<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 768676 | 858080 |
| **Broadline Retail — 7.7%** | **Broadline Retail — 7.7%** | **Broadline Retail — 7.7%** |
| Prosus NV | &nbsp;&nbsp;&nbsp; 402252 | 20662951 |
| **Capital Markets — 2.0%** | **Capital Markets — 2.0%** | **Capital Markets — 2.0%** |
| Allfunds Group PLC | &nbsp;&nbsp;&nbsp; 218582 | 1372489 |
| CVC Capital Partners PLC<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 82606 | 1537180 |
| Flow Traders Ltd., NVS | &nbsp;&nbsp;&nbsp; 34027 | 1132721 |
| Van Lanschot Kempen NV | &nbsp;&nbsp;&nbsp; 19859 | 1231090 |
|  |  | 5273480 |
| **Chemicals — 4.7%** | **Chemicals — 4.7%** | **Chemicals — 4.7%** |
| Akzo Nobel NV | &nbsp;&nbsp;&nbsp; 60841 | 4152122 |
| Corbion NV | &nbsp;&nbsp;&nbsp; 44405 | 958931 |
| DSM-Firmenich AG | &nbsp;&nbsp;&nbsp; 60602 | 6746152 |
| OCI NV | &nbsp;&nbsp;&nbsp; 73349 | 637727 |
|  |  | 12494932 |
| **Construction & Engineering — 1.4%** | **Construction & Engineering — 1.4%** | **Construction & Engineering — 1.4%** |
| Fugro NV | &nbsp;&nbsp;&nbsp; 73224 | 928976 |
| Koninklijke BAM Groep NV | &nbsp;&nbsp;&nbsp; 175144 | 1464413 |
| Koninklijke Heijmans NV | &nbsp;&nbsp;&nbsp; 20201 | 1283841 |
|  |  | 3677230 |
| **Consumer Staples Distribution & Retail — 4.6%** | **Consumer Staples Distribution & Retail — 4.6%** | **Consumer Staples Distribution & Retail — 4.6%** |
| Koninklijke Ahold Delhaize NV | &nbsp;&nbsp;&nbsp; 279146 | 11781079 |
| Sligro Food Group NV | &nbsp;&nbsp;&nbsp; 25994 | 404468 |
|  |  | 12185547 |
| **Diversified Telecommunication Services — 2.3%** | **Diversified Telecommunication Services — 2.3%** | **Diversified Telecommunication Services — 2.3%** |
| Koninklijke KPN NV | &nbsp;&nbsp;&nbsp; 1281994 | 6027252 |
| **Electrical Equipment — 1.1%** | **Electrical Equipment — 1.1%** | **Electrical Equipment — 1.1%** |
| Signify NV<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 67938 | 1660310 |
| TKH Group NV | &nbsp;&nbsp;&nbsp; 29119 | 1256666 |
|  |  | 2916976 |
| **Energy Equipment & Services — 0.7%** | **Energy Equipment & Services — 0.7%** | **Energy Equipment & Services — 0.7%** |
| SBM Offshore NV | &nbsp;&nbsp;&nbsp; 77105 | 1769114 |
| **Entertainment — 3.5%** | **Entertainment — 3.5%** | **Entertainment — 3.5%** |
| Universal Music Group NV | &nbsp;&nbsp;&nbsp; 293423 | 9388790 |
| **Financial Services — 5.9%** | **Financial Services — 5.9%** | **Financial Services — 5.9%** |
| Adyen NV<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 6525 | 12505023 |
| EXOR NV, NVS | &nbsp;&nbsp;&nbsp; 32187 | 3098918 |
|  |  | 15603941 |
| **Food Products — 0.8%** | **Food Products — 0.8%** | **Food Products — 0.8%** |
| JDE Peet's NV | &nbsp;&nbsp;&nbsp; 78168 | 2151129 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Health Care Equipment & Supplies — 2.3%** | **Health Care Equipment & Supplies — 2.3%** | **Health Care Equipment & Supplies — 2.3%** |
| Koninklijke Philips NV | &nbsp;&nbsp;&nbsp; 262186 | $6045890 |
| **Hotels, Restaurants & Leisure — 1.1%** | **Hotels, Restaurants & Leisure — 1.1%** | **Hotels, Restaurants & Leisure — 1.1%** |
| Basic-Fit NV<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 41864 | 1098416 |
| Just Eat Takeaway.com NV<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 87023 | 1924200 |
|  |  | 3022616 |
| **Insurance — 4.8%** | **Insurance — 4.8%** | **Insurance — 4.8%** |
| Aegon Ltd. | &nbsp;&nbsp;&nbsp; 498716 | 3570670 |
| ASR Nederland NV | &nbsp;&nbsp;&nbsp; 55369 | 3550439 |
| NN Group NV | &nbsp;&nbsp;&nbsp; 91848 | 5779224 |
|  |  | 12900333 |
| **Machinery — 0.6%** | **Machinery — 0.6%** | **Machinery — 0.6%** |
| Aalberts NV | &nbsp;&nbsp;&nbsp; 47988 | 1674540 |
| **Media — 0.3%** | **Media — 0.3%** | **Media — 0.3%** |
| Havas NV | &nbsp;&nbsp;&nbsp; 498498 | 871666 |
| **Metals & Mining — 0.3%** | **Metals & Mining — 0.3%** | **Metals & Mining — 0.3%** |
| AMG Critical Materials NV | &nbsp;&nbsp;&nbsp; 36756 | 782324 |
| **Oil, Gas & Consumable Fuels — 0.6%** | **Oil, Gas & Consumable Fuels — 0.6%** | **Oil, Gas & Consumable Fuels — 0.6%** |
| Koninklijke Vopak NV | &nbsp;&nbsp;&nbsp; 34909 | 1599119 |
| **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** | **Pharmaceuticals — 0.1%** |
| Pharvaris NV<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 15868 | 263409 |
| **Professional Services — 6.3%** | **Professional Services — 6.3%** | **Professional Services — 6.3%** |
| Arcadis NV | &nbsp;&nbsp;&nbsp; 31173 | 1609901 |
| Brunel International NV | &nbsp;&nbsp;&nbsp; 23758 | 243471 |
| Randstad NV | &nbsp;&nbsp;&nbsp; 47592 | 1995034 |
| Wolters Kluwer NV | &nbsp;&nbsp;&nbsp; 73508 | 13035143 |
|  |  | 16883549 |
| **Retail REITs — 0.8%** | **Retail REITs — 0.8%** | **Retail REITs — 0.8%** |
| Eurocommercial Properties NV | &nbsp;&nbsp;&nbsp; 39700 | 1235841 |
| Wereldhave NV | &nbsp;&nbsp;&nbsp; 41967 | 828147 |
|  |  | 2063988 |
| **Semiconductors & Semiconductor Equipment — 26.5%** | **Semiconductors & Semiconductor Equipment — 26.5%** | **Semiconductors & Semiconductor Equipment — 26.5%** |
| ASM International NV | &nbsp;&nbsp;&nbsp; 15129 | 8233898 |
| ASML Holding NV | &nbsp;&nbsp;&nbsp; 80085 | 59001799 |
| BE Semiconductor Industries NV | &nbsp;&nbsp;&nbsp; 28472 | 3440703 |
|  |  | 70676400 |
| **Software — 0.1%** | **Software — 0.1%** | **Software — 0.1%** |
| TomTom NV<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp; 66652 | 365082 |
| **Trading Companies & Distributors — 3.7%** | **Trading Companies & Distributors — 3.7%** | **Trading Companies & Distributors — 3.7%** |
| AerCap Holdings NV | &nbsp;&nbsp;&nbsp; 61193 | 7081866 |
| IMCD NV | &nbsp;&nbsp;&nbsp; 21301 | 2895216 |
|  |  | 9977082 |
| **Total Long-Term Investments — 99.4%** <br>**(Cost: $279,564,003)** | **Total Long-Term Investments — 99.4%** <br>**(Cost: $279,564,003)** | 265324873 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 0.6%** | **Money Market Funds — 0.6%** | **Money Market Funds — 0.6%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency Shares, <br> 4.46%<sup>(d)(e)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 1602048 | 1602689 |

---

------

Schedule of Investments (unaudited)(continued)

May 31, 2025

**iShares® MSCI Netherlands ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Money Market Funds (continued)** | **Money Market Funds (continued)** | **Money Market Funds (continued)** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 4.30%<sup>(d)(e)</sup><br>| &nbsp;&nbsp;&nbsp; 140000 | $140000 |
| **Total Short-Term Securities — 0.6%** <br>**(Cost: $1,742,675)** | **Total Short-Term Securities — 0.6%** <br>**(Cost: $1,742,675)** | 1742689 |
| **Total Investments — 100.0%** <br>**(Cost: $281,306,678)** | **Total Investments — 100.0%** <br>**(Cost: $281,306,678)** | 267067562 |
| **Liabilities in Excess of Other Assets — (0.0)%** | **Liabilities in Excess of Other Assets — (0.0)%** | (88661)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $266978901 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> 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. 

<sup>(c)</sup> All or a portion of this security is on loan.

<sup>(d)</sup> Affiliate of the Fund.

<sup>(e)</sup> Annualized 7-day yield as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(f)</sup> 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 May 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*08/31/24*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*05/31/25*<br>| *Shares* <br>*Held at* <br>*05/31/25*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares<br>| $3591172 | $— | &nbsp;&nbsp; $(1986583 )<sup>(a)</sup><br>| &nbsp;&nbsp; $(1691)<br>| $(209)<br>| $1602689 | 1602048 | $74661 <br><sup>(b)</sup><br>| $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares<br>| &nbsp;&nbsp;&nbsp;&nbsp; 90000 | 50000 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 140000 | 140000 | &nbsp;&nbsp;&nbsp; 5133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  | $(1691) | $(209) | $1742689 |  | $79794 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

**Derivative Financial Instruments Outstanding as of Period End**

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | &nbsp;&nbsp; *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| *Notional* <br>*Amount* <br>*(000)*<br>| &nbsp;&nbsp; *Value/* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| Long Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Euro STOXX 50 Index | &nbsp;&nbsp;&nbsp; 24 | 06/20/25 | &nbsp;&nbsp; $1463 | $19712 |

---

**Fair Value Hierarchy as of Period End** 

Various inputs are used in determining the fair value of financial instruments at the measurement date. 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 that the Fund has the ability to access for identical assets or liabilities;

• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

------

Schedule of Investments (unaudited)(continued)

May 31, 2025

**iShares® MSCI Netherlands ETF**

**Fair Value Hierarchy as of Period End (continued)**

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 that may not have a secondary market and/or may have 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  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp; $13761855 | &nbsp;&nbsp; $251563018 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $265324873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 1742689 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1742689 |
|  | &nbsp;&nbsp; $15504544 | &nbsp;&nbsp; $251563018 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $267067562 |
| Derivative Financial Instruments<sup>(a)</sup>  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; $— | &nbsp;&nbsp; $19712 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $19712 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| NVS | Non-Voting Shares |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** iShares, Inc.

- **b. Investment Company Act file number:** 811-09102

- **c. CIK number of Registrant:** 0000930667

- **d. LEI of Registrant:** 549300MGJZCNMJLBAJ67

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 400 HOWARD STREET

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-474-2737

**Item A.2. Information about the Series.**

- **a. Name of Series:** iShares MSCI Netherlands ETF

- **b. EDGAR series identifier (if any):** S000004252

- **c. LEI of Series:** 549300QIDP8IC2ODTL23

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $270213074.25

**Total Liabilities:** $3198353.67

**Net Assets:** $267014720.58

**Cash Not Reported:** $1193117.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000011956 | -1.25%               | 4.80%                | 7.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-982506.48              | $-2086518.76                               |
| Month 2  | $-238108.25              | $8808067.64                                |
| Month 3  | $-66426.98               | $18090431.83                               |

### Schedule of Portfolio Investments

| Name                                           | Title                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Universal Music Group NV                       | Universal Music Group NV                              | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |    262096 | NS      | $8386405.38   | 3.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Basic-Fit NV                                   | Basic-Fit NV                                          | CUSIP: 000000000<br>LEI: 724500HUXGTQC07CAZ61 | Long             | EC               | CORP              | NL        |     41864 | NS      | $1098416.58   | 0.41%             |  |  |  | No            |                  2 | On Loan: —       |
| Heineken Holding NV                            | Heineken Holding NV                                   | CUSIP: 000000000<br>LEI: 724500M1WJLFM9TYBS04 | Long             | EC               | CORP              | NL        |     47275 | NS      | $3684765.17   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                | ASML Holding NV                                       | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     75086 | NS      | $55318836.88  | 20.72%            |  |  |  | No            |                  2 | On Loan: No      |
| TKH Group NV                                   | TKH Group NV                                          | CUSIP: 000000000<br>LEI: 7245008G22FOV7TYYJ34 | Long             | EC               | CORP              | NL        |     31223 | NS      | $1347466.47   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke BAM Groep NV                       | Koninklijke BAM Groep NV                              | CUSIP: 000000000<br>LEI: 724500V38C5KTDY5BS93 | Long             | EC               | CORP              | NL        |    234438 | NS      | $1960181.48   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland NV                               | ASR Nederland NV                                      | CUSIP: 000000000<br>LEI: 7245000G0HS48PZWUD53 | Long             | EC               | CORP              | NL        |     61488 | NS      | $3942809.26   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Arcadis NV                                     | Arcadis NV                                            | CUSIP: 000000000<br>LEI: 7245000UZH70GO047N03 | Long             | EC               | CORP              | NL        |     31173 | NS      | $1609901.28   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Randstad NV                                    | Randstad NV                                           | CUSIP: 000000000<br>LEI: 7245009EAAUUQJ0U4T57 | Long             | EC               | CORP              | NL        |     47592 | NS      | $1995034.14   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Pharming Group NV                              | Pharming Group NV                                     | CUSIP: 000000000<br>LEI: 724500DCJ9MPG74JEH91 | Long             | EC               | CORP              | NL        |    768676 | NS      | $858079.70    | 0.32%             |  |  |  | No            |                  2 | On Loan: —       |
| PostNL NV                                      | PostNL NV                                             | CUSIP: 000000000<br>LEI: 724500Q41FHN0P1GPC53 | Long             | EC               | CORP              | NL        |    383505 | NS      | $416309.25    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Akzo Nobel NV                                  | Akzo Nobel NV                                         | CUSIP: 000000000<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |     60841 | NS      | $4152122.07   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| ASM International NV                           | ASM International NV                                  | CUSIP: 000000000<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |     15129 | NS      | $8233898.18   | 3.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Just Eat Takeaway.com NV                       | Just Eat Takeaway.com NV                              | CUSIP: 000000000<br>LEI: 724500FVZIBSSQ7SHI95 | Long             | EC               | CORP              | NL        |    100523 | NS      | $2222703.60   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| OCI NV                                         | OCI NV                                                | CUSIP: 000000000<br>LEI: 549300NCMRGIBJYUOE57 | Long             | EC               | CORP              | NL        |     73349 | NS      | $637727.41    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Funds III                            | BlackRock Cash Funds: Institutional, SL Agency Shares | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |   1548167 | NS      | $1548786.25   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Philips NV                         | Koninklijke Philips NV                                | CUSIP: 000000000<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |    262186 | NS      | $6045889.64   | 2.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Adyen NV                                       | Adyen NV                                              | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      5830 | NS      | $11173070.15  | 4.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Flow Traders Ltd                               | Flow Traders Ltd                                      | CUSIP: 000000000<br>LEI: 549300GSUZI1V3BEXQ36 | Long             | EC               | CORP              | BM        |     36954 | NS      | $1230157.36   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| CVC Capital Partners PLC                       | CVC Capital Partners PLC                              | CUSIP: 000000000<br>LEI: 213800E8UQS1KA32YD39 | Long             | EC               | CORP              | JE        |     82606 | NS      | $1537180.52   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| SBM Offshore NV                                | SBM Offshore NV                                       | CUSIP: 000000000<br>LEI: 549300RDGCRYZ5QE6513 | Long             | EC               | CORP              | NL        |     79486 | NS      | $1823744.44   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES | BlackRock Cash Funds: Treasury, SL Agency Shares      | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |    140000 | NS      | $140000.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JDE Peet's NV                                  | JDE Peet's NV                                         | CUSIP: 000000000<br>LEI: 724500EHG519SE5ZRT89 | Long             | EC               | CORP              | NL        |     78168 | NS      | $2151128.76   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV                              | Wolters Kluwer NV                                     | CUSIP: 000000000<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |     73414 | NS      | $13018474.23  | 4.88%             |  |  |  | No            |                  2 | On Loan: No      |
| BE Semiconductor Industries NV                 | BE Semiconductor Industries NV                        | CUSIP: 000000000<br>LEI: 7245007A1YFLI2GNYX06 | Long             | EC               | CORP              | NL        |     28472 | NS      | $3440702.71   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                              | EURO STOXX 50 JUN25                                   | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        28 | NC      | $32576.29     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Vopak NV                           | Koninklijke Vopak NV                                  | CUSIP: 000000000<br>LEI: 724500UL634GFV1KYF10 | Long             | EC               | CORP              | NL        |     34909 | NS      | $1599118.69   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| DSM-Firmenich AG                               | DSM-Firmenich AG                                      | CUSIP: 000000000<br>LEI: 506700G44V67MPM4BI12 | Long             | EC               | CORP              | CH        |     60602 | NS      | $6746152.05   | 2.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke KPN NV                             | Koninklijke KPN NV                                    | CUSIP: 000000000<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |   1281994 | NS      | $6027251.61   | 2.26%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                   | ING Groep NV                                          | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |   1021768 | NS      | $21704549.77  | 8.13%             |  |  |  | No            |                  2 | On Loan: No      |
| IMCD NV                                        | IMCD NV                                               | CUSIP: 000000000<br>LEI: 724500NSJPNFJPDAUP02 | Long             | EC               | CORP              | NL        |     21301 | NS      | $2895216.19   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Van Lanschot Kempen NV                         | Van Lanschot Kempen NV                                | CUSIP: 000000000<br>LEI: 724500D8WOYCL1BUCB80 | Long             | EC               | CORP              | NL        |     23464 | NS      | $1454569.65   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                               | ABN AMRO Bank NV                                      | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | EC               | CORP              | NL        |    177760 | NS      | $4594996.74   | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                  | Koninklijke Ahold Delhaize NV                         | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |    295047 | NS      | $12452164.45  | 4.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Signify NV                                     | Signify NV                                            | CUSIP: 000000000<br>LEI: 549300072P3J1X8NZO35 | Long             | EC               | CORP              | NL        |     67938 | NS      | $1660310.65   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                                      | Prosus NV                                             | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |    421981 | NS      | $21676394.01  | 8.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Allfunds Group Plc                             | Allfunds Group Plc                                    | CUSIP: 000000000<br>LEI: 9598005U8TZQ8Q64SC71 | Long             | EC               | CORP              | GB        |    218582 | NS      | $1372488.91   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| AerCap Holdings NV                             | AerCap Holdings NV                                    | CUSIP: 000000000<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |     64591 | NS      | $7475116.43   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Wereldhave NV                                  | Wereldhave NV                                         | CUSIP: 000000000<br>LEI: 724500YRQCY3BD9RJZ92 | Long             | EC               |  | NL        |     41967 | NS      | $828146.30    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| AMG Critical Materials NV                      | AMG Critical Materials NV                             | CUSIP: 000000000<br>LEI: 5493006MN6OH67U2YI74 | Long             | EC               | CORP              | NL        |     36756 | NS      | $782324.26    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Aalberts NV                                    | Aalberts NV                                           | CUSIP: 000000000<br>LEI: 549300EMP9DT6Q35HZ31 | Long             | EC               | CORP              | NL        |     47988 | NS      | $1674540.07   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Aegon Ltd                                      | Aegon Ltd                                             | CUSIP: 000000000<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | EC               | CORP              | BM        |    504493 | NS      | $3612031.09   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Corbion NV                                     | Corbion NV                                            | CUSIP: 000000000<br>LEI: 724500BKS1TSAVLTWG46 | Long             | EC               | CORP              | NL        |     44405 | NS      | $958930.60    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Fugro NV                                       | Fugro NV                                              | CUSIP: 000000000<br>LEI: 7245000R8GNBSDTSZ396 | Long             | EC               | CORP              | NL        |     73224 | NS      | $928975.97    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Pharvaris NV                                   | Pharvaris NV                                          | CUSIP: 000000000<br>LEI: 9845003BE146D3B75D32 | Long             | EC               | CORP              | NL        |     15868 | NS      | $263408.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Koninklijke Heijmans N.V                       | Koninklijke Heijmans N.V                              | CUSIP: 000000000<br>LEI: 724500OUE3PCA809DZ79 | Long             | EC               | CORP              | NL        |     25645 | NS      | $1629825.66   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group NV                                    | NN Group NV                                           | CUSIP: 000000000<br>LEI: 724500OHYNDT9OY6Q215 | Long             | EC               | CORP              | NL        |     94302 | NS      | $5933633.74   | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Havas NV                                       | Havas NV                                              | CUSIP: 000000000<br>LEI: 894500L53AVOFQK7T710 | Long             | EC               | CORP              | NL        |    498498 | NS      | $871666.24    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| TomTom NV                                      | TomTom NV                                             | CUSIP: 000000000<br>LEI: 724500WAU923OTVC7M86 | Long             | EC               | CORP              | NL        |     80955 | NS      | $443426.04    | 0.17%             |  |  |  | No            |                  2 | On Loan: —       |
| EXOR NV                                        | EXOR NV                                               | CUSIP: 000000000<br>LEI: 5493002ENHZ6NYET7405 | Long             | EC               | CORP              | NL        |     32187 | NS      | $3098918.09   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurocommercial Properties NV                   | Eurocommercial Properties NV                          | CUSIP: 000000000<br>LEI: 724500SFK53FPNM68L95 | Long             | EC               |  | NL        |     40177 | NS      | $1250689.98   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| InPost SA                                      | InPost SA                                             | CUSIP: 000000000<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | LU        |    104211 | NS      | $1712780.08   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Europacific Partners PLC             | Coca-Cola Europacific Partners PLC                    | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     69905 | NS      | $6416579.95   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Sligro Food Group NV                           | Sligro Food Group NV                                  | CUSIP: 000000000<br>LEI: 724500YLB8OA6WK5CH48 | Long             | EC               | CORP              | NL        |     25994 | NS      | $404468.48    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Brunel International NV                        | Brunel International NV                               | CUSIP: 000000000<br>LEI: 724500Y5L5UIEYCJCZ03 | Long             | EC               | CORP              | NL        |     23758 | NS      | $243470.70    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken NV                                    | Heineken NV                                           | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |     90948 | NS      | $8113699.64   | 3.04%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** iShares, Inc.

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer