# EDGAR Filing Document

**Accession Number:** 0000930667
**File Stem:** 0001410368-26-006955
**Filing Date:** 2026-1
**Character Count:** 37178
**Document Hash:** 66d7f8ddcc5de4587748a393ad502c6c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-006955.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0001410368-26-006955

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**PERIOD START**: 20260831

**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:** 26557057

**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 Brazil ETF (Series ID: S000004264)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000011968 | iShares MSCI Brazil ETF | EWZ             |

## Nport-Ex

Schedule of Investments (unaudited)

November 30, 2025

**iShares® MSCI Brazil 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** |
| **Aerospace & Defense — 2.5%** | **Aerospace & Defense — 2.5%** | **Aerospace & Defense — 2.5%** |
| Embraer SA | &nbsp;&nbsp;&nbsp; 10514952 | $164741504 |
| **Banks — 14.7%** | **Banks — 14.7%** | **Banks — 14.7%** |
| Banco Bradesco SA | &nbsp;&nbsp;&nbsp; 13602913 | 42838403 |
| Banco do Brasil SA | &nbsp;&nbsp;&nbsp; 25892923 | 109288862 |
| NU Holdings Ltd./Cayman Islands, Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 47065767 | 818473688 |
|  |  | 970600953 |
| **Beverages — 2.8%** | **Beverages — 2.8%** | **Beverages — 2.8%** |
| Ambev SA | &nbsp;&nbsp;&nbsp; 70403538 | 183202065 |
| **Capital Markets — 7.7%** | **Capital Markets — 7.7%** | **Capital Markets — 7.7%** |
| B3 SA - Brasil Bolsa Balcao | &nbsp;&nbsp;&nbsp; 77925924 | 219857136 |
| Banco BTG Pactual SA | &nbsp;&nbsp;&nbsp; 17574030 | 177325563 |
| XP Inc., Class A | &nbsp;&nbsp;&nbsp; 5562408 | 109635062 |
|  |  | 506817761 |
| **Consumer Staples Distribution & Retail — 1.4%** | **Consumer Staples Distribution & Retail — 1.4%** | **Consumer Staples Distribution & Retail — 1.4%** |
| Raia Drogasil SA | &nbsp;&nbsp;&nbsp; 20113500 | 89831269 |
| **Containers & Packaging — 0.7%** | **Containers & Packaging — 0.7%** | **Containers & Packaging — 0.7%** |
| Klabin SA | &nbsp;&nbsp;&nbsp; 13249879 | 43960650 |
| **Diversified Telecommunication Services — 1.3%** | **Diversified Telecommunication Services — 1.3%** | **Diversified Telecommunication Services — 1.3%** |
| Telefonica Brasil SA | &nbsp;&nbsp;&nbsp; 12718930 | 84064530 |
| **Electric Utilities — 6.6%** | **Electric Utilities — 6.6%** | **Electric Utilities — 6.6%** |
| Axia Energia | &nbsp;&nbsp;&nbsp; 18002344 | 212034315 |
| CPFL Energia SA | &nbsp;&nbsp;&nbsp; 4125456 | 37607780 |
| Energisa SA | &nbsp;&nbsp;&nbsp; 5149731 | 47784440 |
| Equatorial Energia SA | &nbsp;&nbsp;&nbsp; 18061671 | 135043377 |
|  |  | 432469912 |
| **Electrical Equipment — 3.1%** | **Electrical Equipment — 3.1%** | **Electrical Equipment — 3.1%** |
| WEG SA | &nbsp;&nbsp;&nbsp; 24828860 | 204292652 |
| **Financial Services — 0.3%** | **Financial Services — 0.3%** | **Financial Services — 0.3%** |
| StoneCo Ltd., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1355779 | 22844876 |
| **Food Products — 1.6%** | **Food Products — 1.6%** | **Food Products — 1.6%** |
| JBS NV, Class A<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 5772986 | 84805164 |
| MBRF Global Foods Co. SA | &nbsp;&nbsp;&nbsp; 6022909 | 21934927 |
|  |  | 106740091 |
| **Ground Transportation — 2.8%** | **Ground Transportation — 2.8%** | **Ground Transportation — 2.8%** |
| Localiza Rent a Car SA | &nbsp;&nbsp;&nbsp; 14123037 | 120014792 |
| Rumo SA | &nbsp;&nbsp;&nbsp; 20270699 | 64140451 |
|  |  | 184155243 |
| **Health Care Providers & Services — 1.7%** | **Health Care Providers & Services — 1.7%** | **Health Care Providers & Services — 1.7%** |
| Rede D'Or Sao Luiz SA<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 12324104 | 109345442 |
| **Independent Power and Renewable Electricity Producers — 0.9%** | **Independent Power and Renewable Electricity Producers — 0.9%** | **Independent Power and Renewable Electricity Producers — 0.9%** |
| Eneva SA<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8308481 | 30943658 |
| Engie Brasil Energia SA | &nbsp;&nbsp;&nbsp; 5173712 | 29969215 |
|  |  | 60912873 |
| **Insurance — 1.9%** | **Insurance — 1.9%** | **Insurance — 1.9%** |
| BB Seguridade Participacoes SA | &nbsp;&nbsp;&nbsp; 10844672 | 69259134 |
| Caixa Seguridade Participacoes S/A | &nbsp;&nbsp;&nbsp; 10487026 | 31630922 |
| Porto Seguro SA | &nbsp;&nbsp;&nbsp; 2749152 | 24057044 |
|  |  | 124947100 |
| **Metals & Mining — 9.5%** | **Metals & Mining — 9.5%** | **Metals & Mining — 9.5%** |
| Vale SA | &nbsp;&nbsp;&nbsp; 49721012 | 626979274 |
| **Oil, Gas & Consumable Fuels — 6.2%** | **Oil, Gas & Consumable Fuels — 6.2%** | **Oil, Gas & Consumable Fuels — 6.2%** |
| Petroleo Brasileiro SA - Petrobras | &nbsp;&nbsp;&nbsp; 51314631 | 321470491 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| PRIO SA<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 12408496 | $87568599 |
|  |  | 409039090 |
| **Paper & Forest Products — 1.4%** | **Paper & Forest Products — 1.4%** | **Paper & Forest Products — 1.4%** |
| Suzano SA | &nbsp;&nbsp;&nbsp; 10691993 | 95685811 |
| **Software — 1.0%** | **Software — 1.0%** | **Software — 1.0%** |
| TOTVS SA | &nbsp;&nbsp;&nbsp; 8602804 | 69430350 |
| **Specialty Retail — 2.0%** | **Specialty Retail — 2.0%** | **Specialty Retail — 2.0%** |
| Ultrapar Participacoes SA | &nbsp;&nbsp;&nbsp; 12081990 | 49909210 |
| Vibra Energia SA | &nbsp;&nbsp;&nbsp; 17232792 | 80452088 |
|  |  | 130361298 |
| **Transportation Infrastructure — 0.8%** | **Transportation Infrastructure — 0.8%** | **Transportation Infrastructure — 0.8%** |
| Motiva Infraestrutura de Mobilidade SA | &nbsp;&nbsp;&nbsp; 16900375 | 51101483 |
| **Water Utilities — 2.8%** | **Water Utilities — 2.8%** | **Water Utilities — 2.8%** |
| &nbsp;&nbsp;&nbsp; Cia de Saneamento Basico do Estado de Sao <br> Paulo SABESP<br>| &nbsp;&nbsp;&nbsp; 7107970 | 187771266 |
| **Wireless Telecommunication Services — 1.0%** | **Wireless Telecommunication Services — 1.0%** | **Wireless Telecommunication Services — 1.0%** |
| TIM SA/Brazil | &nbsp;&nbsp;&nbsp; 13832858 | 64993973 |
| **Total Common Stocks — 74.7%** <br>**(Cost: $3,242,881,004)** | **Total Common Stocks — 74.7%** <br>**(Cost: $3,242,881,004)** | 4924289466 |
| **Preferred Stocks** | **Preferred Stocks** | **Preferred Stocks** |
| **Banks — 15.0%** | **Banks — 15.0%** | **Banks — 15.0%** |
| Banco Bradesco SA, Preference Shares, NVS | &nbsp;&nbsp;&nbsp; 67406866 | 249278555 |
| Itau Unibanco Holding SA, Preference Shares, NVS | &nbsp;&nbsp;&nbsp; 73613109 | 574110124 |
| Itausa SA, Preference Shares, NVS | &nbsp;&nbsp;&nbsp; 71097926 | 163830848 |
|  |  | 987219527 |
| **Electric Utilities — 2.5%** | **Electric Utilities — 2.5%** | **Electric Utilities — 2.5%** |
| Axia Energia, Preference Shares | &nbsp;&nbsp;&nbsp; 4074673 | 51327971 |
| &nbsp;&nbsp;&nbsp; Cia Energetica de Minas Gerais, Preference <br> Shares, NVS<br>| &nbsp;&nbsp;&nbsp; 27937638 | 60032543 |
| Cia Paranaense de Energia - Copel, 0.00% | &nbsp;&nbsp;&nbsp; 18447259 | 49454420 |
|  |  | 160814934 |
| **Metals & Mining — 1.1%** | **Metals & Mining — 1.1%** | **Metals & Mining — 1.1%** |
| Gerdau SA, Preference Shares, NVS | &nbsp;&nbsp;&nbsp; 20735709 | 74468848 |
| **Oil, Gas & Consumable Fuels — 5.6%** | **Oil, Gas & Consumable Fuels — 5.6%** | **Oil, Gas & Consumable Fuels — 5.6%** |
| &nbsp;&nbsp;&nbsp; Petroleo Brasileiro SA - Petrobras, Preference <br> Shares, NVS<br>| &nbsp;&nbsp;&nbsp; 62103959 | 368818064 |
| **Total Preferred Stocks — 24.2%** <br>**(Cost: $963,406,554)** | **Total Preferred Stocks — 24.2%** <br>**(Cost: $963,406,554)** | 1591321373 |
| **Total Long-Term Investments — 98.9%** <br>**(Cost: $4,206,287,558)** | **Total Long-Term Investments — 98.9%** <br>**(Cost: $4,206,287,558)** | 6515610839 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 0.5%** | **Money Market Funds — 0.5%** | **Money Market Funds — 0.5%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 4.11%<sup>(d)(e)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 1713725 | 1714582 |

---

------

Schedule of Investments (unaudited)(continued)

November 30, 2025

**iShares® MSCI Brazil 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> 3.94%<sup>(d)(e)</sup><br>| &nbsp;&nbsp;&nbsp; 29190000 | $29190000 |
| **Total Short-Term Securities — 0.5%** <br>**(Cost: $30,904,582)** | **Total Short-Term Securities — 0.5%** <br>**(Cost: $30,904,582)** | 30904582 |
| **Total Investments — 99.4%** <br>**(Cost: $4,237,192,140)** | **Total Investments — 99.4%** <br>**(Cost: $4,237,192,140)** | 6546515421 |
| **Other Assets Less Liabilities — 0.6%** | **Other Assets Less Liabilities — 0.6%** | 41087357 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $6587602778 |

---

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

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

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

<sup>(c)</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>(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 November 30, 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>*08/31/25*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| &nbsp;&nbsp; *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*11/30/25*<br>| *Shares* <br>*Held at* <br>*11/30/25*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL <br> Agency Shares<br>| $4632389 | $— | &nbsp;&nbsp; $(2918938 )<sup>(a)</sup><br>| $1131 | $— | $1714582 | 1713725 | $2262 <br><sup>(b)</sup><br>| $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares<br>| 19060000 | 10130000 <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; 29190000 | 29190000 | &nbsp;&nbsp; 173826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  | $1131 | $— | $30904582 |  | $176088 | $— |

---

&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; MSCI Brazil Index | 1007 | 12/19/25 | &nbsp;&nbsp; $67620 | $4362680 |

---

**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)

November 30, 2025

**iShares® MSCI Brazil 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; $4924289466 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $4924289466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks | &nbsp;&nbsp; 1591321373 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1591321373 |
| &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; 30904582 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 30904582 |
|  | &nbsp;&nbsp; $6546515421 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $6546515421 |
| Derivative Financial Instruments<sup>(a)</sup>  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; $4362680 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $4362680 |

---

&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 Brazil ETF

- **b. EDGAR series identifier (if any):** S000004264

- **c. LEI of Series:** 5493006D2L7KY3ZDF809

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $6646142148.23

**Total Liabilities:** $58346211.11

**Net Assets:** $6587795937.12

**Cash Not Reported:** $4472087.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000011968 | 5.34%                | 0.66%                | 7.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-625912.42              | $277979339.68                              |
| Month 2  | $-596356.60              | $44320013.03                               |
| Month 3  | $111663.64               | $447989559.89                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cia Paranaense de Energia - Copel                      | Cia Paranaense de Energia - Copel                      | CUSIP: 000000000<br>LEI: 2549001AS1I9A71VG663 | Long             | EP               | CORP              | BR        |  18447259 | NS      | $49454420.09  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                                | Vale SA                                                | CUSIP: 000000000<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |  49721012 | NS      | $626979274.00 | 9.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA                                     | Banco do Brasil SA                                     | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | EC               | CORP              | BR        |  25892923 | NS      | $109288862.59 | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Itausa SA                                              | Itausa SA                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |  71097926 | NS      | $163830847.59 | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Gerdau SA                                              | Gerdau SA                                              | CUSIP: 000000000<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EP               | CORP              | BR        |  20735709 | NS      | $74468848.23  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras                     | Petroleo Brasileiro SA - Petrobras                     | CUSIP: 000000000<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |  51314631 | NS      | $321470491.05 | 4.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras                     | Petroleo Brasileiro SA - Petrobras                     | CUSIP: 000000000<br>LEI: 5493000J801JZRCMFE49 | Long             | EP               | CORP              | BR        |  62103959 | NS      | $368818063.51 | 5.60%             |  |  |  | No            |                  1 | On Loan: No      |
| WEG SA                                                 | WEG SA                                                 | CUSIP: 000000000<br>LEI: 254900NKQV127YFRO022 | Long             | EC               | CORP              | BR        |  24828860 | NS      | $204292651.76 | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Funds III                                    | BlackRock Cash Funds: Institutional, SL Agency Shares  | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  27806993 | NS      | $27820896.94  | 0.42%             |  |  |  | No            |                  1 | 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        |  29190000 | NS      | $29190000.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Eneva SA                                               | Eneva SA                                               | CUSIP: 000000000<br>LEI: 549300T1AP7HKCABII19 | Long             | EC               | CORP              | BR        |   8308481 | NS      | $30943657.52  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie Brasil Energia SA                                | Engie Brasil Energia SA                                | CUSIP: 000000000<br>LEI: 52990057Q0EK2Q9YBC07 | Long             | EC               | CORP              | BR        |   5173712 | NS      | $29969215.14  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Motiva Infraestrutura de Mobilidade SA                 | Motiva Infraestrutura de Mobilidade SA                 | CUSIP: 000000000<br>LEI: 254900H4EUL83CCQ6781 | Long             | EC               | CORP              | BR        |  16900375 | NS      | $51101483.28  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe - Financial Products Division       | MSCI BRAZIL IX FU DEC25                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | GB        |      1007 | NC      | $4362680.48   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA                                      | Banco Bradesco SA                                      | CUSIP: 000000000<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EP               | CORP              | BR        |  67406866 | NS      | $249278555.01 | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA                                      | Banco Bradesco SA                                      | CUSIP: 000000000<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |  13602913 | NS      | $42838402.64  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzano SA                                              | Suzano SA                                              | CUSIP: 000000000<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |  10691993 | NS      | $95685810.88  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CPFL Energia SA                                        | CPFL Energia SA                                        | CUSIP: 000000000<br>LEI: 529900GBWSBDXN8GGM28 | Long             | EC               | CORP              | BR        |   4125456 | NS      | $37607780.09  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA                               | Itau Unibanco Holding SA                               | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |  73613109 | NS      | $574110124.43 | 8.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Porto Seguro SA                                        | Porto Seguro SA                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   2749152 | NS      | $24057043.55  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Localiza Rent a Car SA                                 | Localiza Rent a Car SA                                 | CUSIP: 000000000<br>LEI: 984500C442A7E0CD4D11 | Long             | EC               | CORP              | BR        |  14123037 | NS      | $120014792.16 | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultrapar Participacoes SA                              | Ultrapar Participacoes SA                              | CUSIP: 000000000<br>LEI: 529900FU4XBXGQMLRE72 | Long             | EC               | CORP              | BR        |  12081990 | NS      | $49909210.54  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTVS SA                                               | TOTVS SA                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   8602804 | NS      | $69430350.48  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Equatorial Energia SA                                  | Equatorial Energia SA                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  18061671 | NS      | $135043376.94 | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Energetica de Minas Gerais                         | Cia Energetica de Minas Gerais                         | CUSIP: 000000000<br>LEI: 254900W703PXLDSEM056 | Long             | EP               | CORP              | BR        |  27937638 | NS      | $60032542.66  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | CUSIP: 000000000<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |   7107970 | NS      | $187771265.53 | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Energisa S/A                                           | Energisa S/A                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   5149731 | NS      | $47784440.63  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica Brasil SA                                   | Telefonica Brasil SA                                   | CUSIP: 000000000<br>LEI: 529900MTGG2HSDBIWG79 | Long             | EC               | CORP              | BR        |  12718930 | NS      | $84064529.80  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Raia Drogasil SA                                       | Raia Drogasil SA                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  20113500 | NS      | $89831269.14  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BB Seguridade Participacoes SA                         | BB Seguridade Participacoes SA                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  10844672 | NS      | $69259134.01  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                            | B3 SA - Brasil Bolsa Balcao                            | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |  77925924 | NS      | $219857136.38 | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambev SA                                               | Ambev SA                                               | CUSIP: 000000000<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |  70403538 | NS      | $183202065.03 | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Klabin SA                                              | Klabin SA                                              | CUSIP: 000000000<br>LEI: 254900C8UYA6YUPSDU10 | Long             | EC               | CORP              | BR        |  13249879 | NS      | $43960650.28  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Caixa Seguridade Participacoes S/A                     | Caixa Seguridade Participacoes S/A                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  10487026 | NS      | $31630922.30  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TIM SA/Brazil                                          | TIM SA/Brazil                                          | CUSIP: 000000000<br>LEI: 529900QI0CH1DN5ZCS77 | Long             | EC               | CORP              | BR        |  13832858 | NS      | $64993972.97  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Rede D'Or Sao Luiz SA                                  | Rede D'Or Sao Luiz SA                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  12324104 | NS      | $109345441.60 | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Vibra Energia SA                                       | Vibra Energia SA                                       | CUSIP: 000000000<br>LEI: 549300U7VLJ3SYVNY689 | Long             | EC               | CORP              | BR        |  17232792 | NS      | $80452087.76  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer SA                                             | Embraer SA                                             | CUSIP: 000000000<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |  10514952 | NS      | $164741503.74 | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MBRF Global Foods Company SA                           | MBRF Global Foods Company SA                           | CUSIP: 000000000<br>LEI: 391200219USWMOBN3F92 | Long             | EC               | CORP              | BR        |   6022909 | NS      | $21934927.16  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Axia Energia                                           | Axia Energia                                           | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |  18002344 | NS      | $212034314.80 | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Axia Energia                                           | Axia Energia                                           | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EP               | CORP              | BR        |   4074673 | NS      | $51327971.47  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Rumo SA                                                | Rumo SA                                                | CUSIP: 000000000<br>LEI: 254900TXQFP7CJCGYM66 | Long             | EC               | CORP              | BR        |  20270699 | NS      | $64140450.95  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIO SA/Brazil                                         | PRIO SA/Brazil                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  12408496 | NS      | $87568598.65  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco BTG Pactual SA                                   | Banco BTG Pactual SA                                   | CUSIP: 000000000<br>LEI: ZXLTQRYIK6IJH3R0IK66 | Long             | EC               | CORP              | BR        |  17574030 | NS      | $177325562.88 | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                         | NU Holdings Ltd/Cayman Islands                         | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |  47065767 | NS      | $818473688.13 | 12.42%            |  |  |  | No            |                  1 | On Loan: No      |
| StoneCo Ltd                                            | StoneCo Ltd                                            | CUSIP: 000000000<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               | CORP              | KY        |   1355779 | NS      | $22844876.15  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| XP Inc                                                 | XP Inc                                                 | CUSIP: 000000000<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | KY        |   5562408 | NS      | $109635061.68 | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS NV                                                 | JBS NV                                                 | CUSIP: 000000000<br>LEI: 254900JSFON4WL81TW77 | Long             | EC               | CORP              | NL        |   5772986 | NS      | $84805164.34  | 1.29%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2025-12-30

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

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer