# EDGAR Filing Document

**Accession Number:** 0000930667
**File Stem:** 0001752724-23-012248
**Filing Date:** 2023-1
**Character Count:** 33125
**Document Hash:** b9ec7cba1fd34b411b9a697a799d204b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-012248.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-012248

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iShares, Inc.
- **CENTRAL INDEX KEY:** 0000930667
- **IRS NUMBER:** 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:** 23551399

**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) | **iShares<sup>®</sup> MSCI Brazil ETF** |
| November 30, 2022 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Common Stocks** |  |  |
| **Banks — 3.1%** |  |  |
| Banco Bradesco SA | 12060942 | $31980607 |
| Banco do Brasil SA | 14398992 | 97892113 |
| Banco Santander Brasil SA | 7337358 | 39109199 |
|  |  | 168981919 |
| **Beverages — 3.9%** |  |  |
| Ambev SA | 69998943 | 214744269 |
| **Capital Markets — 5.5%** |  |  |
| B3 SA - Brasil, Bolsa, Balcao | 91151551 | 223603967 |
| Banco BTG Pactual SA | 16583307 | 80434320 |
| XP Inc.<sup>(a)</sup> | 1 | 17 |
|  |  | 304038304 |
| **Containers & Packaging — 0.9%** |  |  |
| Klabin SA | 12971204 | 49241758 |
| **Diversified Telecommunication Services — 1.1%** |  |  |
| Telefonica Brasil SA | 8179214 | 59972654 |
| **Electric Utilities — 5.1%** |  |  |
| Centrais Eletricas Brasileiras SA | 15994414 | 146402664 |
| CPFL Energia SA | 2730050 | 18360439 |
| Energisa SA | 2601550 | 21712378 |
| Equatorial Energia SA | 17543976 | 93140093 |
|  |  | 279615574 |
| **Electrical Equipment — 3.7%** |  |  |
| WEG SA | 27342161 | 205487061 |
| **Food & Staples Retailing — 2.5%** |  |  |
| Atacadao SA | 8639292 | 26587047 |
| Raia Drogasil SA | 18606484 | 82646084 |
| Sendas Distribuidora SA | 6571787 | 25391298 |
|  |  | 134624429 |
| **Food Products — 1.4%** |  |  |
| BRF SA<sup>(a)</sup> | 11665584 | 21176024 |
| JBS SA | 13418160 | 57014930 |
|  |  | 78190954 |
| **Health Care Providers & Services — 1.8%** |  |  |
| Hapvida Participacoes e Investimentos SA<sup>(b)</sup> | 65562348 | 65696900 |
| Rede D'Or Sao Luiz SA<sup>(b)</sup> | 5232598 | 31318854 |
|  |  | 97015754 |
| **Independent Power and Renewable Electricity Producers — 0.6%** |  |  |
| Engie Brasil Energia SA | 4261801 | 32439735 |
| **Insurance — 1.4%** |  |  |
| BB Seguridade Participacoes SA | 12435559 | 75054045 |
| **Internet & Direct Marketing Retail — 0.4%** |  |  |
| Americanas SA | 10310693 | 20981610 |
| **Metals & Mining — 18.4%** |  |  |
| Cia. Siderurgica Nacional SA | 12113842 | 33894994 |
| Vale SA | 59065477 | 975556097 |
|  |  | 1009451091 |
| **Multiline Retail — 0.6%** |  |  |
| Magazine Luiza SA<sup>(a)</sup> | 47813269 | 31418819 |
| **Oil, Gas & Consumable Fuels — 9.0%** |  |  |
| Cosan SA | 18326395 | 63673659 |
| Petro Rio SA<sup>(a)</sup> | 9316841 | 64723350 |
| Petroleo Brasileiro SA | 56261730 | 329481337 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Oil, Gas & Consumable Fuels (continued)** |  |  |
| Ultrapar Participacoes SA | 14087576 | $38548870 |
|  |  | 496427216 |
| **Paper & Forest Products — 2.3%** |  |  |
| Suzano SA | 12483613 | 127858794 |
| **Personal Products — 0.6%** |  |  |
| Natura & Co. Holding SA | 14773774 | 33337681 |
| **Pharmaceuticals — 1.1%** |  |  |
| Hypera SA | 7205760 | 61707916 |
| **Road & Rail — 4.1%** |  |  |
| Localiza Rent a Car SA | 12152031 | 140737677 |
| Localiza Rent a Car SA, NVS<sup>(a)</sup> | 35964 | 395931 |
| Rumo SA | 22436821 | 84137808 |
|  |  | 225271416 |
| **Software — 0.7%** |  |  |
| TOTVS SA | 6632765 | 39443693 |
| **Specialty Retail — 2.3%** |  |  |
| Lojas Renner SA | 16729447 | 74631061 |
| Vibra Energia SA | 15967944 | 50863811 |
|  |  | 125494872 |
| **Transportation Infrastructure — 0.9%** |  |  |
| CCR SA | 22021501 | 50116860 |
| **Water Utilities — 1.3%** |  |  |
| Cia. de Saneamento Basico do Estado de Sao Paulo | 6273563 | 72886414 |
| **Wireless Telecommunication Services — 0.8%** |  |  |
| Tim SA | 16871450 | 42265187 |
| **Total Common Stocks — 73.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**(Cost: $2,931,997,483)** |  | 4036068025 |
| **Preferred Stocks** |  |  |
| **Banks — 12.9%** |  |  |
| Banco Bradesco SA, Preference Shares, NVS | 71659780 | 215144358 |
| Itau Unibanco Holding SA, Preference Shares, NVS | 73062334 | 366061392 |
| Itausa SA, Preference Shares, NVS | 73952472 | 126547246 |
|  |  | 707752996 |
| **Chemicals — 0.3%** |  |  |
| Braskem SA, Class A, Preference Shares, NVS | 2928413 | 15879742 |
| **Electric Utilities — 1.8%** |  |  |
| Centrais Eletricas Brasileiras SA, Class B, Preference Shares, NVS | 4818475 | 45572327 |
| Cia. Energetica de Minas Gerais, Preference Shares, NVS | 25116150 | 55562527 |
|  |  | 101134854 |
| **Metals & Mining — 2.2%** |  |  |
| Gerdau SA, Preference Shares, NVS | 19604905 | 119268666 |
| **Oil, Gas & Consumable Fuels — 6.7%** |  |  |
| Petroleo Brasileiro SA, Preference Shares, NVS | 72193852 | 370891941 |
| **Total Preferred Stocks — 23.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**(Cost: $1,007,553,505)** |  | 1314928199 |
| **Total Long-Term Investments — 97.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**(Cost: $3,939,550,988)** |  | 5350996224 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **MSCI Brazil ETF** |
| November 30, 2022 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Short-Term Securities** |  |  |
| **Money Market Funds — 0.0%** |  |  |
| BlackRock Cash Funds: Treasury, SL Agency Shares, 3.64%<sup>(c)(d)</sup> | 1340000 | $1340000 |
| **Total Short-Term Securities — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**(Cost: $1,340,000)** |  | 1340000 |
| **Total Investments — 97.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**(Cost: $3,940,890,988)** |  | 5352336224 |
| **Other Assets Less Liabilities — 2.6%**. |  | 141073017 |
| **Net Assets — 100.0%** |  | $5493409241 |

---

<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> Affiliate of the Fund.

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

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at*<br> *08/31/22* | *Purchases*<br> *at Cost* | *Proceeds*<br> *from Sale* | *Net Realized*<br> *Gain (Loss)* | *Change in*<br> *Unrealized*<br> *Appreciation*<br> *(Depreciation)* | *Value at*<br> *11/30/22* | *Shares*<br> *Held at*<br> *11/30/22* | *Income* | *Capital*<br> *Gain*<br> *Distributions*<br> *from*<br> *Underlying*<br> *Funds* |
| BlackRock Cash Funds: Treasury, SL Agency Shares | $6880000 | $– $| (5540000 <sup>(a)</sup> | $— | $— | $1340000 | 1340000 | $32236 | $— |

---

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

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

**Futures Contracts**

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of<br> Contracts* | *Expiration<br> Date* | *Notional<br> Amount<br> (000)* | *Value/<br> Unrealized<br> Appreciation<br> (Depreciation)* |
| Long Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;MSCI Brazil Index | 2625 | 12/16/22 | $128346 | $4458616 |

---

**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.

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **MSCI Brazil ETF** |
| November 30, 2022 |  |

---

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

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* |
| Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $4036068025 | $— | $— | $4036068025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 1314928199 |  |  | 1314928199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1340000 |  |  | 1340000 |
|  | $5352336224 | $— | $— | $5352336224 |
| Derivative financial instruments<sup>(a)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts | $4458616 | $— | $— | $4458616 |

---

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

**Portfolio Abbreviation**

NVS Non-Voting Shares

## 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:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $5534173407.28

**Total Liabilities:** $2656993.39

**Net Assets:** $5531516413.89

**Cash Not Reported:** $22178710.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000011968 | -2.95%               | 10.17%               | -2.92%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-30017778.68            | $-131758160.11                             |
| Month 2  | $-2760423.12             | $500165457.82                              |
| Month 3  | $-1685447.09             | $-265907423.97                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Hypera SA                                        | Hypera SA                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   7264074 | NS      | $62207299.29   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Localiza Rent a Car SA                           | Localiza Rent a Car SA                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     35964 | NS      | $395930.77     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA                               | Banco do Brasil SA                               | CUSIP: 000000000<br>LEI: QE0Q0253K88YAGNPE356 | Long             | EC               | CORP              | BR        |  14515532 | NS      | $98684415.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CCR SA                                           | CCR SA                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  22199755 | NS      | $50522532.99   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzano SA                                        | Suzano SA                                        | CUSIP: 000000000<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |  12584660 | NS      | $128893730.24  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultrapar Participacoes SA                        | Ultrapar Participacoes SA                        | CUSIP: 000000000<br>LEI: 529900FU4XBXGQMLRE72 | Long             | EC               | CORP              | BR        |  14201615 | NS      | $38860923.43   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Natura & Co Holding SA                           | Natura & Co Holding SA                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  14893349 | NS      | $33607507.07   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA                                | Banco Bradesco SA                                | CUSIP: 000000000<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EP               | CORP              | BR        |  71558849 | NS      | $214841332.23  | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA                                | Banco Bradesco SA                                | CUSIP: 000000000<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |  11117816 | NS      | $29479828.53   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Klabin SA                                        | Klabin SA                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  13076188 | NS      | $49640302.47   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BRF SA                                           | BRF SA                                           | CUSIP: 000000000<br>LEI: 254900MTXR9LUVQFU480 | Long             | EC               | CORP              | BR        |  11760000 | NS      | $21347413.45   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie Brasil Energia SA                          | Engie Brasil Energia SA                          | CUSIP: 000000000<br>LEI: 52990057Q0EK2Q9YBC07 | Long             | EC               | CORP              | BR        |   4296300 | NS      | $32702332.66   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco BTG Pactual SA                             | Banco BTG Pactual SA                             | CUSIP: 000000000<br>LEI: ZXLTQRYIK6IJH3R0IK66 | Long             | EC               | CORP              | BR        |  16717526 | NS      | $81085324.64   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                          | Vale SA                                          | CUSIP: 000000000<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |  61662454 | NS      | $1018449118.36 | 18.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                           | Petroleo Brasileiro SA                           | CUSIP: 000000000<br>LEI: 5493000J801JZRCMFE49 | Long             | EP               | CORP              | BR        |  72778259 | NS      | $373894299.85  | 6.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Siderurgica Nacional SA                      | Cia Siderurgica Nacional SA                      | CUSIP: 000000000<br>LEI: 529900K40TEND42S0T46 | Long             | EC               | CORP              | BR        |  12211884 | NS      | $34169319.02   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Atacadao SA                                      | Atacadao SA                                      | CUSIP: 000000000<br>LEI: 549300SMI26ISJIRM371 | Long             | EC               | CORP              | BR        |   8709213 | NS      | $26802226.02   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA                         | Itau Unibanco Holding SA                         | CUSIP: 000000000<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |  73653769 | NS      | $369024635.84  | 6.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Gerdau SA                                        | Gerdau SA                                        | CUSIP: 000000000<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EP               | CORP              | BR        |  19763593 | NS      | $120234062.26  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica Brasil SA                             | Telefonica Brasil SA                             | CUSIP: 000000000<br>LEI: 529900MTGG2HSDBIWG79 | Long             | EC               | CORP              | BR        |   8245424 | NS      | $60458127.36   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Vibra Energia SA                                 | Vibra Energia SA                                 | CUSIP: 000000000<br>LEI: 549300U7VLJ3SYVNY689 | Long             | EC               | CORP              | BR        |  16097186 | NS      | $51275493.96   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Hapvida Participacoes e Investimentos S/A        | Hapvida Participacoes e Investimentos S/A        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  66093055 | NS      | $66228696.46   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander Brasil SA                        | Banco Santander Brasil SA                        | CUSIP: 000000000<br>LEI: 549300D1H731B30TSI43 | Long             | EC               | CORP              | BR        |   7396742 | NS      | $39425724.56   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Localiza Rent a Car SA                           | Localiza Rent a Car SA                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  12250422 | NS      | $141877183.50  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Itausa SA                                        | Itausa SA                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |  74551107 | NS      | $127571628.97  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BB Seguridade Participacoes SA                   | BB Seguridade Participacoes SA                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  12536215 | NS      | $75661547.94   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cosan SA                                         | Cosan SA                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  18474729 | NS      | $64189034.05   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Energisa SA                                      | Energisa SA                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   2622441 | NS      | $21886733.35   | 0.40%             |  |  |  | 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        |   5274940 | NS      | $31572284.85   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| XP INC                                           | XP Inc                                           | CUSIP: 000000000<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | KY        |         1 | NS      | $17.45         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Equatorial Energia SA                            | Equatorial Energia SA                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  17685989 | NS      | $93894032.38   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TIM SA/Brazil                                    | TIM SA/Brazil                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  17008015 | NS      | $42607300.53   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Saneamento Basico do Estado de Sao Paulo  | Cia de Saneamento Basico do Estado de Sao Paulo  | CUSIP: 000000000<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |   6324342 | NS      | $73476365.86   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Lojas Renner SA                                  | Lojas Renner SA                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  16864875 | NS      | $75235213.71   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| WEG SA                                           | WEG SA                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  27563484 | NS      | $207150389.93  | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS SA                                           | JBS SA                                           | CUSIP: 000000000<br>LEI: 529900RM0MTMZL9O5050 | Long             | EC               | CORP              | BR        |  13526770 | NS      | $57476423.54   | 1.04%             |  |  |  | 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        |   1340000 | NS      | $1340000.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Magazine Luiza SA                                | Magazine Luiza SA                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  48200322 | NS      | $31673157.14   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                           | Petroleo Brasileiro SA                           | CUSIP: 000000000<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |  56717152 | NS      | $332148390.31  | 6.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe - Financial Products Division | MSCI BRAZIL IX FU DEC22                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | GB        |      2625 | NC      | $4458615.85    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Americanas SA                                    | Americanas SA                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  10394493 | NS      | $21152137.76   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                      | B3 SA - Brasil Bolsa Balcao                      | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |  91889403 | NS      | $225413992.16  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CPFL Energia SA                                  | CPFL Energia SA                                  | CUSIP: 000000000<br>LEI: 529900GBWSBDXN8GGM28 | Long             | EC               | CORP              | BR        |   2748914 | NS      | $18487305.46   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Braskem SA                                       | Braskem SA                                       | CUSIP: 000000000<br>LEI: 549300RPMQUFGBB7EY44 | Long             | EP               | CORP              | BR        |   2955301 | NS      | $16025546.58   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Energetica de Minas Gerais                   | Cia Energetica de Minas Gerais                   | CUSIP: 000000000<br>LEI: 254900W703PXLDSEM056 | Long             | EP               | CORP              | BR        |  25319455 | NS      | $56012283.05   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrais Eletricas Brasileiras SA                | Centrais Eletricas Brasileiras SA                | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |  15842834 | NS      | $145015197.47  | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Raia Drogasil SA                                 | Raia Drogasil SA                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  18757099 | NS      | $83315084.15   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Rumo SA                                          | Rumo SA                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  22618446 | NS      | $84818900.09   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrais Eletricas Brasileiras SA                | Centrais Eletricas Brasileiras SA                | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EP               | CORP              | BR        |   4857474 | NS      | $45941172.58   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTVS SA                                         | TOTVS SA                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   6686436 | NS      | $39762863.36   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambev SA                                         | Ambev SA                                         | CUSIP: 000000000<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |  70564243 | NS      | $216478508.59  | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Petro Rio SA                                     | Petro Rio SA                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   9392244 | NS      | $65247168.95   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-29

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

**Signature:** Ann Frechette

**Name of Signer:** Ann Frechette

**Title:** Assistant Treasurer