# EDGAR Filing Document

**Accession Number:** 0000930667
**File Stem:** 0001752724-23-012185
**Filing Date:** 2023-1
**Character Count:** 118018
**Document Hash:** 84ebd8c1da4594e90653c8ff87da1846
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-012185.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-012185

**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:** 23551337

**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 Global Metals & Mining Producers ETF (Series ID: S000035885)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000109988 | iShares MSCI Global Metals & Mining Producers ETF | PICK            |

## Nport-Ex

---

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

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Common Stocks** |  |  |
| **Australia — 39.3%** |  |  |
| 29Metals Ltd. | 342003 | $575764 |
| 5E Advanced Materials Inc.<sup>(a)</sup> | 81532 | 88194 |
| Allkem Ltd.<sup>(a)</sup> | 745772 | 7055472 |
| Alumina Ltd. | 3201197 | 3334921 |
| Argosy Minerals Ltd.<sup>(a)</sup> | 1387259 | 593209 |
| AVZ Minerals Ltd.<sup>(a)(b)(c)</sup> | 3302250 | 1486049 |
| BHP Group Ltd. | 6583139 | 204441646 |
| BlueScope Steel Ltd. | 615122 | 7414020 |
| Chalice Mining Ltd.<sup>(a)</sup> | 439214 | 1620420 |
| Champion Iron Ltd. | 437450 | 1913902 |
| Core Lithium Ltd.<sup>(a)(c)</sup> | 1914012 | 1812566 |
| Coronado Global Resources Inc.<sup>(d)</sup> | 971139 | 1401206 |
| Deterra Royalties Ltd. | 579453 | 1826884 |
| Fortescue Metals Group Ltd. | 2201383 | 29299671 |
| Glencore PLC | 12703182 | 86688010 |
| Goulamina Holdings Pty Ltd.<sup>(a)</sup> | 1157187 | 440122 |
| Grange Resources Ltd. | 672327 | 351223 |
| IGO Ltd. | 884995 | 9451478 |
| Iluka Resources Ltd. | 551187 | 3835988 |
| Imdex Ltd. | 448218 | 743494 |
| ionner Ltd.<sup>(a)(c)</sup> | 1919453 | 766919 |
| Jervois Global Ltd.<sup>(a)</sup> | 2114385 | 558316 |
| Lake Resources NL<sup>(a)(c)</sup> | 1621767 | 1139796 |
| Liontown Resources Ltd.<sup>(a)</sup> | 2142999 | 2891174 |
| Lynas Rare Earths Ltd.<sup>(a)</sup> | 1175058 | 6970467 |
| Mincor Resources NL<sup>(a)</sup> | 490960 | 529451 |
| Mineral Resources Ltd. | 221417 | 13336451 |
| Mount Gibson Iron Ltd.<sup>(a)(c)</sup> | 763182 | 239722 |
| Neometals Ltd.<sup>(a)</sup> | 599960 | 416193 |
| Nickel Mines Ltd. | 1429386 | 963345 |
| OZ Minerals Ltd. | 434758 | 8169276 |
| Perenti Global Ltd.<sup>(a)</sup> | 800535 | 603946 |
| Pilbara Minerals Ltd.<sup>(a)</sup> | 3294335 | 10687010 |
| Rio Tinto Ltd. | 483728 | 36112531 |
| Rio Tinto PLC | 1459595 | 98258030 |
| Sandfire Resources Ltd. | 651908 | 2256443 |
| Sayona Mining Ltd.<sup>(a)(c)</sup> | 8630213 | 1393039 |
| Sims Ltd. | 215911 | 1929066 |
| South32 Ltd. | 6005038 | 16679171 |
| Syrah Resources Ltd.<sup>(a)</sup> | 825514 | 1481602 |
| Vulcan Energy Resources Ltd.<sup>(a)(c)</sup> | 120397 | 604227 |
| Vulcan Steel Ltd. | 74096 | 412187 |
|  |  | 570772601 |
| **Austria — 0.3%** |  |  |
| voestalpine AG | 152098 | 4183654 |
| **Belgium — 0.1%** |  |  |
| Bekaert SA | 48456 | 1730307 |
| **Brazil — 5.9%** |  |  |
| Bradespar SA | 44285 | 223501 |
| Cia. Brasileira de Aluminio | 183056 | 426831 |
| Cia. Siderurgica Nacional SA | 851345 | 2382096 |
| Vale SA | 4972320 | 82125420 |
|  |  | 85157848 |
| **Canada — 4.8%** |  |  |
| Algoma Steel Group Inc. | 80087 | 531075 |
| Altius Minerals Corp. | 51909 | 847431 |
| Capstone Mining Corp.<sup>(a)</sup> | 446872 | 1561386 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Canada (continued)** |  |  |
| ERO Copper Corp.<sup>(a)</sup> | 100277 | $1269537 |
| Filo Mining Corp.<sup>(a)</sup> | 111718 | 1558064 |
| First Quantum Minerals Ltd. | 763965 | 18162733 |
| Global Atomic Corp.<sup>(a)</sup> | 188440 | 529535 |
| Hudbay Minerals Inc. | 288452 | 1627589 |
| Ivanhoe Mines Ltd., Class A<sup>(a)</sup> | 788193 | 7054859 |
| Labrador Iron Ore Royalty Corp. | 75398 | 1906880 |
| Largo Inc.<sup>(a)</sup> | 52494 | 292685 |
| Lithium Americas Corp.<sup>(a)(c)</sup> | 140050 | 3492010 |
| Lundin Mining Corp. | 857501 | 5278302 |
| Major Drilling Group International Inc.<sup>(a)</sup> | 95566 | 654323 |
| Solaris Resources Inc.<sup>(a)</sup> | 65954 | 350571 |
| Stelco Holdings Inc. | 46055 | 1538305 |
| Taseko Mines Ltd.<sup>(a)</sup> | 393084 | 552302 |
| Teck Resources Ltd., Class B | 621338 | 23030824 |
|  |  | 70238411 |
| **Chile — 0.0%** |  |  |
| CAP SA | 85471 | 627425 |
| **China — 2.5%** |  |  |
| Aluminum Corp. of China Ltd., Class A | 1144165 | 732521 |
| Aluminum Corp. of China Ltd., Class H | 4902000 | 2096423 |
| Anhui Honglu Steel Construction Group Co. Ltd., Class A | 71750 | 344374 |
| Baoshan Iron & Steel Co. Ltd., Class A | 1749893 | 1406327 |
| Chengtun Mining Group Co. Ltd., Class A | 269200 | 234358 |
| China Hongqiao Group Ltd. | 3028500 | 2862128 |
| China Metal Recycling Holdings Ltd.<sup>(b)</sup> | 132000 |  |
| China Minmetals Rare Earth Co. Ltd., Class A<sup>(a)</sup> | 67300 | 315826 |
| China Nonferrous Mining Corp Ltd. | 2019000 | 965929 |
| China Northern Rare Earth Group High-Tech Co. Ltd., Class A | 269270 | 1006839 |
| China Oriental Group Co. Ltd. | 2526000 | 453678 |
| China Zhongwang Holdings Ltd.<sup>(a)(b)</sup> | 1552000 | 154208 |
| CMOC Group Ltd., Class A | 1615200 | 1075946 |
| CMOC Group Ltd., Class H. | 4368000 | 2046322 |
| E-Commodities Holdings Ltd. | 1346000 | 273814 |
| Ganfeng Lithium Co. Ltd., Class H<sup>(c)(d)</sup> | 450280 | 3984521 |
| Ganfeng Lithium Group Co. Ltd., Class A | 117420 | 1374211 |
| GEM Co. Ltd., Class A | 401217 | 468805 |
| Guangdong HEC Technology Holding Co. Ltd., Class A | 201900 | 266470 |
| Henan Shenhuo Coal & Power Co. Ltd. | 201900 | 488702 |
| Hesteel Co. Ltd., Class A | 870100 | 303723 |
| Huaibei Mining Holdings Co. Ltd. | 201900 | 415252 |
| Hunan Valin Steel Co. Ltd., Class A | 605700 | 416771 |
| Inner Mongolia BaoTou Steel Union Co. Ltd., Class A | 3634221 | 1032215 |
| Inner Mongolia ERDOS Resources Co. Ltd. | 95860 | 221361 |
| Jiangxi Copper Co. Ltd., Class A | 136725 | 340849 |
| Jiangxi Copper Co. Ltd., Class H | 1476000 | 2160494 |
| Jinchuan Group International Resources Co. Ltd. | 4711000 | 360795 |
| MMG Ltd.<sup>(a)</sup> | 3726000 | 980609 |
| Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A<sup>(a)</sup> | 673000 | 521908 |
| Shandong Nanshan Aluminum Co. Ltd., Class A | 1003130 | 501853 |
| Shanxi Meijin Energy Co. Ltd., Class A | 339128 | 478325 |
| Shanxi Taigang Stainless Steel Co. Ltd., Class A | 471100 | 303769 |
| Shenghe Resources Holding Co. Ltd., Class A | 134600 | 280773 |
| Shougang Fushan Resources Group Ltd. | 2692000 | 912791 |
| Sinomine Resource Group Co. Ltd., Class A | 67300 | 742965 |
| Tiangong International Co. Ltd. | 1346000 | 554999 |
| Tianshan Aluminum Group Co. Ltd., Class A | 328200 | 336506 |

---

---

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

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **China (continued)** |  |  |
| Tibet Summit Resources Co. Ltd., Class-A<sup>(a)</sup> | 67300 | $222094 |
| Tongling Nonferrous Metals Group Co. Ltd., Class A | 877100 | 369558 |
| Western Mining Co. Ltd., Class A | 201900 | 314666 |
| Western Superconducting Technologies Co. Ltd., Class A | 35850 | 501492 |
| Xiamen Tungsten Co. Ltd., Class A | 134699 | 415102 |
| Yintai Gold Co. Ltd., Class A | 260940 | 533639 |
| YongXing Special Materials Technology Co. Ltd., Class A | 21100 | 319556 |
| Yunnan Aluminium Co. Ltd., Class A | 269200 | 412894 |
| Yunnan Tin Co. Ltd., Class A | 134600 | 261265 |
| Zhejiang Huayou Cobalt Co. Ltd., Class A | 113550 | 1018461 |
|  |  | 35786087 |
| **Cyprus — 0.0%** |  |  |
| Atalaya Mining PLC | 137965 | 505498 |
| **Finland — 0.2%** |  |  |
| Outokumpu OYJ | 480610 | 2424321 |
| **France — 1.5%** |  |  |
| APERAM SA | 63262 | 2008237 |
| ArcelorMittal SA | 686460 | 18822121 |
| Eramet SA | 12809 | 1096109 |
|  |  | 21926467 |
| **Germany — 0.5%** |  |  |
| Aurubis AG | 41075 | 3297577 |
| Salzgitter AG<sup>(c)</sup> | 39034 | 1144687 |
| thyssenkrupp AG<sup>(a)</sup> | 608392 | 3429355 |
|  |  | 7871619 |
| **India — 3.2%** |  |  |
| APL Apollo Tubes Ltd. | 197189 | 2720093 |
| Godawari Power and Ispat Ltd. | 53167 | 208183 |
| Hindalco Industries Ltd. | 1750249 | 9819025 |
| Hindustan Copper Ltd. | 247664 | 360413 |
| Jindal Stainless Hisar Ltd.<sup>(a)</sup> | 123159 | 513695 |
| Jindal Stainless Ltd.<sup>(a)</sup> | 205265 | 442852 |
| Jindal Steel & Power Ltd. | 535377 | 3558630 |
| JSW Steel Ltd. | 946911 | 8696920 |
| Kirloskar Ferrous Industries Ltd. | 44570 | 173959 |
| National Aluminium Co. Ltd. | 1075454 | 1029886 |
| Rajratan Global Wire Ltd. | 16166 | 186422 |
| Ratnamani Metals & Tubes Ltd. | 37123 | 883836 |
| Tata Steel Ltd. | 8330104 | 11150261 |
| Tata Steel Ltd., GDR | 116790 | 1531450 |
| Usha Martin Ltd. | 162193 | 262766 |
| Vedanta Ltd. | 966482 | 3653739 |
| Welspun Corp. Ltd. | 154790 | 481640 |
|  |  | 45673770 |
| **Indonesia — 0.5%** |  |  |
| Bumi Resources Minerals Tbk PT<sup>(a)</sup> | 55859000 | 652755 |
| Merdeka Copper Gold Tbk PT<sup>(a)</sup> | 15748286 | 4192005 |
| Timah Tbk PT | 3167500 | 247932 |
| Vale Indonesia Tbk PT<sup>(a)</sup> | 3230400 | 1530341 |
|  |  | 6623033 |
| **Japan — 3.7%** |  |  |
| Daido Steel Co. Ltd. | 28600 | 925359 |
| Daiki Aluminium Industry Co. Ltd. | 59000 | 563506 |
| Dowa Holdings Co. Ltd. | 67300 | 2235463 |
| JFE Holdings Inc. | 633400 | 7066351 |
| Kobe Steel Ltd. | 471100 | 2137647 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Japan (continued)** |  |  |
| Kyoei Steel Ltd. | 18400 | $174155 |
| Maruichi Steel Tube Ltd. | 69400 | 1443484 |
| Mitsubishi Materials Corp. | 142000 | 2270087 |
| Mitsui Mining & Smelting Co. Ltd. | 70100 | 1612863 |
| Nippon Light Metal Holdings Co. Ltd. | 71940 | 806444 |
| Nippon Steel Corp. | 1040005 | 16662234 |
| OSAKA Titanium Technologies Co. Ltd. | 47300 | 1436914 |
| Pacific Metals Co. Ltd. | 22600 | 341888 |
| Sanyo Special Steel Co. Ltd. | 25900 | 421509 |
| Sumitomo Metal Mining Co. Ltd. | 322200 | 10867368 |
| Toho Titanium Co. Ltd. | 67300 | 1355897 |
| Tokyo Steel Manufacturing Co. Ltd. | 67300 | 690755 |
| UACJ Corp. | 33638 | 572380 |
| Yamato Kogyo Co. Ltd. | 52300 | 1803162 |
| Yodogawa Steel Works Ltd. | 19600 | 364885 |
|  |  | 53752351 |
| **Malaysia — 0.4%** |  |  |
| PMB Technology Bhd | 336500 | 326096 |
| Press Metal Aluminium Holdings Bhd | 4845600 | 5324023 |
|  |  | 5650119 |
| **Mexico — 1.1%** |  |  |
| Grupo Mexico SAB de CV, Series B | 4012700 | 16363597 |
| **Netherlands — 0.1%** |  |  |
| AMG Advanced Metallurgical Group NV | 36342 | 1460648 |
| **Norway — 0.9%** |  |  |
| Norsk Hydro ASA | 1742560 | 13121684 |
| **Peru — 0.5%** |  |  |
| Southern Copper Corp. | 111740 | 6818375 |
| **Poland — 0.4%** |  |  |
| Jastrzebska Spolka Weglowa SA<sup>(a)(c)</sup> | 69319 | 955385 |
| KGHM Polska Miedz SA | 182383 | 4827975 |
|  |  | 5783360 |
| **Qatar — 0.1%** |  |  |
| Qatar Aluminum Manufacturing Co. | 3654390 | 1590853 |
| **Russia — 0.0%** |  |  |
| Alrosa PJSC<sup>(b)</sup> | 2886002 | 473 |
| MMC Norilsk Nickel PJSC<sup>(b)</sup> | 71400 | 12 |
| Novolipetsk Steel PJSC<sup>(b)</sup> | 1668000 | 273 |
| Severstal PAO<sup>(b)</sup> | 233400 | 38 |
| United Co. RUSAL International PJSC<sup>(a)(b)</sup> | 3450000 | 566 |
|  |  | 1362 |
| **Saudi Arabia — 1.5%** |  |  |
| Al Masane Al Kobra Mining Co. | 34996 | 737297 |
| Saudi Arabian Mining Co.<sup>(a)</sup> | 1118699 | 20636098 |
|  |  | 21373395 |
| **Singapore — 0.0%** |  |  |
| Straits Trading Co. Ltd. | 242962 | 431847 |
| **South Africa — 2.9%** |  |  |
| African Rainbow Minerals Ltd. | 148583 | 2494028 |
| Anglo American Platinum Ltd. | 68646 | 6938367 |
| Impala Platinum Holdings Ltd. | 1104060 | 13418284 |
| Kumba Iron Ore Ltd. | 83426 | 2356883 |
| Northam Platinum Holdings Ltd.<sup>(a)</sup> | 438123 | 4975921 |
| Royal Bafokeng Platinum Ltd. | 113064 | 1078647 |

---

---

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

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **South Africa (continued)** |  |  |
| Sibanye Stillwater Ltd. | 3664957 | $10197440 |
|  |  | 41459570 |
| **South Korea — 2.4%** |  |  |
| Dongkuk Steel Mill Co. Ltd. | 81433 | 866879 |
| Hyundai Steel Co. | 114410 | 2993518 |
| KG Dongbu Steel Co. Ltd.<sup>(c)</sup> | 33694 | 234916 |
| Korea Zinc Co. Ltd. | 11441 | 5531139 |
| Poongsan Corp. | 22882 | 532373 |
| POSCO Holdings Inc. | 102296 | 23415566 |
| Seah Besteel Holdings Corp. | 19517 | 288350 |
| SeAH Steel Holdings Corp. | 1 | 134 |
| Young Poong Corp.<sup>(c)</sup> | 673 | 393643 |
|  |  | 34256518 |
| **Spain — 0.2%** |  |  |
| Acerinox SA | 261797 | 2589969 |
| **Sweden — 1.5%** |  |  |
| Alleima AB, NVS<sup>(a)</sup> | 278934 | 1092996 |
| Boliden AB | 355410 | 13425005 |
| Granges AB | 137336 | 1115353 |
| SSAB AB, Class A | 292755 | 1695271 |
| SSAB AB, Class B | 849999 | 4805504 |
|  |  | 22134129 |
| **Switzerland — 0.0%** |  |  |
| Swiss Steel Holding AG, Registered<sup>(a)</sup> | 1156887 | 297092 |
| **Taiwan — 1.6%** |  |  |
| Century Iron & Steel Industrial Co. Ltd. | 194000 | 539006 |
| China Metal Products | 208011 | 200940 |
| China Steel Corp. | 15206612 | 14435397 |
| Chun Yuan Steel Industry Co. Ltd. | 475000 | 245959 |
| Chung Hung Steel Corp. | 1150000 | 899885 |
| EVERGREEN Steel Corp. | 199000 | 340966 |
| Feng Hsin Steel Co. Ltd. | 673000 | 1465624 |
| Hsin Kuang Steel Co. Ltd. | 200000 | 248498 |
| TA Chen Stainless Pipe | 1955365 | 2580007 |
| Tung Ho Steel Enterprise Corp. | 640700 | 1117547 |
| YC INOX Co. Ltd. | 370263 | 337631 |
| Yieh Phui Enterprise Co. Ltd. | 1415776 | 703108 |
|  |  | 23114568 |
| **Turkey — 0.4%** |  |  |
| Eregli Demir ve Celik Fabrikalari TAS | 1830560 | 4183662 |
| Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D | 971324 | 772155 |
| Koza Anadolu Metal Madencilik Isletmeleri AS<sup>(a)</sup> | 256809 | 628655 |
|  |  | 5584472 |
| **United Kingdom — 5.6%** |  |  |
| Anglo American PLC | 1649745 | 68588359 |
| Antofagasta PLC | 512870 | 8873961 |
| Central Asia Metals PLC | 225030 | 686456 |
| Ferrexpo PLC | 393705 | 685758 |
| Hill & Smith PLC | 106334 | 1552890 |
| SolGold PLC<sup>(a)</sup> | 1521819 | 330151 |
|  |  | 80717575 |
| **United States — 16.5%** |  |  |
| Alcoa Corp. | 234226 | 11741749 |
| Alpha Metallurgical Resources Inc. | 21536 | 3687609 |
| Arconic Corp.<sup>(a)(c)</sup> | 133936 | 3191695 |
| ATI Inc.<sup>(a)(c)</sup> | 168114 | 5129158 |
| Carpenter Technology Corp. | 63236 | 2596470 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **United States (continued)** |  |  |
| Century Aluminum Co.<sup>(a)</sup> | 64560 | $581686 |
| Cleveland-Cliffs Inc.<sup>(a)(c)</sup> | 673066 | 10419062 |
| Commercial Metals Co. | 158155 | 7784389 |
| Compass Minerals International Inc. | 43745 | 1940091 |
| Freeport-McMoRan Inc. | 1858751 | 73978290 |
| Haynes International Inc. | 14133 | 706085 |
| Kaiser Aluminum Corp. | 20863 | 1886015 |
| Materion Corp. | 26920 | 2168675 |
| MP Materials Corp.<sup>(a)</sup> | 104315 | 3468474 |
| Nucor Corp.<sup>(c)</sup> | 340152 | 51005792 |
| Piedmont Lithium Inc.<sup>(a)(c)</sup> | 23621 | 1361987 |
| Ramaco Resources Inc. | 28266 | 323646 |
| Reliance Steel & Aluminum Co.<sup>(c)</sup> | 78575 | 16602112 |
| Ryerson Holding Corp. | 21510 | 634330 |
| Schnitzer Steel Industries Inc., Class A | 33650 | 1155204 |
| Steel Dynamics Inc. | 237569 | 24690546 |
| SunCoke Energy Inc. | 106334 | 899586 |
| TimkenSteel Corp.<sup>(a)</sup> | 51148 | 956468 |
| U.S. Steel Corp. | 308907 | 8121165 |
| Warrior Met Coal Inc. | 67344 | 2479606 |
| Worthington Industries Inc. | 42399 | 2405719 |
|  |  | 239915609 |
| **Total Common Stocks — 98.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $1,445,971,068)** |  | 1429938134 |
| **Preferred Stocks** |  |  |
| **Brazil — 1.0%** |  |  |
| Bradespar SA, Preference Shares, NVS | 335981 | 1832264 |
| Cia. Ferro Ligas da Bahia-Ferbasa, Preference Shares, NVS | 47110 | 513373 |
| Gerdau SA, Preference Shares, NVS | 1488003 | 9052435 |
| Metalurgica Gerdau SA, Preference Shares, NVS | 946482 | 2496910 |
| Usinas Siderurgicas de Minas Gerais SA Usiminas, Class A, Preference Shares, NVS | 553879 | 834658 |
|  |  | 14729640 |
| **Russia — 0.0%** |  |  |
| Mechel PJSC, Preference Shares, NVS<sup>(a)(b)</sup> | 96000 | 16 |
| **Total Preferred Stocks — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $10,918,812)** |  | 14729656 |
| **Total Long-Term Investments — 99.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $1,456,889,880)** |  | 1444667790 |
| **Short-Term Securities** |  |  |
| **Money Market Funds — 2.2%** |  |  |
| BlackRock Cash Funds: Institutional, SL Agency Shares, 4.06%<sup>(e)(f)(g)</sup> | 29533501 | 29536455 |
| BlackRock Cash Funds: Treasury, SL Agency Shares, 3.64%<sup>(e)(f)</sup> | 3000000 | 3000000 |
| **Total Short-Term Securities — 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $32,530,123)** |  | 32536455 |
| **Total Investments — 101.8%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $1,489,420,003)** |  | 1477204245 |
| **Liabilities in Excess of Other Assets — (1.8)%** |  | (26153616) |
| **Net Assets — 100.0%** |  | $1451050629 |

---

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

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> MSCI Global Metals & Mining Producers ETF** |
| November 30, 2022 |  |

---

<sup>(b)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

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

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

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

<sup>(g)</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, 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: Institutional, SL Agency Shares | $20087722 | $9450541 <sup>(a)</sup> | $— | $(354) | $(1454) | $29536455 | 29533501 | $108159 <sup>(b)</sup> | $— |
| BlackRock Cash Funds: Treasury, SL Agency Shares | 1990000 | 1010000 <sup>(a)</sup> |  |  |  | 3000000 | 3000000 | 17677 |  |
|  |  |  |  | $(354) | $(1454) | $32536455 |  | $125836 | $— |

---

<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 fees and collateral investment expenses, and other payments to and from borrowers of securities.

**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;E-Mini Energy Select Sector Index | 8 | 12/16/22 | $761 | $93843 |
| &nbsp;&nbsp;&nbsp;MSCI Emerging Markets Index | 97 | 12/16/22 | 4765 | 344804 |
|  |  |  |  | $438647 |

---

**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

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares<sup>®</sup> MSCI Global Metals & Mining Producers ETF** |
| November 30, 2022 |  |

---

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

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* |
| Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $428436203 | $999860312 | $1641619 | $1429938134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 14729640 |  | 16 | 14729656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 32536455 |  |  | 32536455 |
|  | $475702298 | $999860312 | $1641635 | $1477204245 |
| Derivative financial instruments<sup>(a)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts | $438647 | $— | $— | $438647 |

---

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

**Portfolio Abbreviation**

GDR Global Depositary Receipt <br> NVS Non-Voting Shares <br> PJSC Public Joint Stock Company

## 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 Global Metals & Mining Producers ETF

- **b. EDGAR series identifier (if any):** S000035885

- **c. LEI of Series:** 549300P22YCPXTDJWG70

**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:** $1503318609.61

**Total Liabilities:** $52331234.88

**Net Assets:** $1450987374.73

**Cash Not Reported:** $1952954.93

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000109988 | -7.28%               | 4.03%                | 22.09%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2500559.23             | $-105341253.94                             |
| Month 2  | $-828652.52              | $46642351.21                               |
| Month 3  | $-144893.56              | $260540986.71                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| China Steel Corp                                   | China Steel Corp                                      | CUSIP: 000000000<br>LEI: 529900D3N7UIJMVJ9120 | Long             | EC               | CORP              | TW        |  15206612 | NS      | $14435397.08  | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabian Mining Co                            | Saudi Arabian Mining Co                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |   1107258 | NS      | $20425052.04  | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Ferro Ligas da Bahia - FERBASA                 | Cia Ferro Ligas da Bahia - FERBASA                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |     47110 | NS      | $513372.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KG DONGBUSTEEL                                     | KG DONGBUSTEEL                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     33694 | NS      | $234915.69    | 0.02%             |  |  |  | No            |                  2 | On Loan: —       |
| Jindal Stainless Ltd                               | Jindal Stainless Ltd                                  | CUSIP: 000000000<br>LEI: 3358003QFQMSFDO7BP20 | Long             | EC               | CORP              | IN        |    200554 | NS      | $432687.69    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Taseko Mines Ltd                                   | Taseko Mines Ltd                                      | CUSIP: 876511106<br>LEI: 549300XKUO1JSLU7KX54 | Long             | EC               | CORP              | CA        |    418658 | NS      | $588234.49    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Australian Strategic Materials Ltd                 | Australian Strategic Materials Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    120467 | NS      | $141204.98    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanyo Special Steel Co Ltd                         | Sanyo Special Steel Co Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     25900 | NS      | $421509.15    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| 29Metals Ltd                                       | 29Metals Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    335273 | NS      | $564433.80    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Carpenter Technology Corp                          | Carpenter Technology Corp                             | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     62563 | NS      | $2568836.78   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Asia Metals PLC                            | Central Asia Metals PLC                               | CUSIP: 000000000<br>LEI: 213800EYQBJZIT64NH43 | Long             | EC               | CORP              | GB        |    225030 | NS      | $686455.65    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Jinchuan Group International Resources Co Ltd      | Jinchuan Group International Resources Co Ltd         | CUSIP: 000000000<br>LEI: 254900RWLOXOMORJEB03 | Long             | EC               | CORP              | KY        |   4711000 | NS      | $360794.59    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Tung Ho Steel Enterprise Corp                      | Tung Ho Steel Enterprise Corp                         | CUSIP: 000000000<br>LEI: 5299003755GCQVWX5K49 | Long             | EC               | CORP              | TW        |    640700 | NS      | $1117546.56   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Ratnamani Metals & Tubes Ltd                       | Ratnamani Metals & Tubes Ltd                          | CUSIP: 000000000<br>LEI: 335800814OWZ2ALCNM51 | Long             | EC               | CORP              | IN        |     36450 | NS      | $867813.29    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Materials Corp                          | Mitsubishi Materials Corp                             | CUSIP: 000000000<br>LEI: 35380076QOBOSOUBRT89 | Long             | EC               | CORP              | JP        |    142000 | NS      | $2270087.00   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Mechel PJSC                                        | Mechel PJSC                                           | CUSIP: 000000000<br>LEI: 253400C9GSPBSKERRP65 | Long             | EP               | CORP              | RU        |     96000 | NS      | $15.73        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Largo Inc                                          | Largo Inc                                             | CUSIP: 517097101<br>LEI: 549300DNLDBZOCZKIM08 | Long             | EC               | CORP              | CA        |     52494 | NS      | $292684.83    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV                             | Grupo Mexico SAB de CV                                | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |   4012700 | NS      | $16363596.77  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Acerinox SA                                        | Acerinox SA                                           | CUSIP: 000000000<br>LEI: 95980020140005582721 | Long             | EC               | CORP              | ES        |    263143 | NS      | $2603285.28   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Sims Ltd                                           | Sims Ltd                                              | CUSIP: 000000000<br>LEI: 5493002YM7ZHVDMFC916 | Long             | EC               | CORP              | AU        |    219276 | NS      | $1959130.64   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindalco Industries Ltd                            | Hindalco Industries Ltd                               | CUSIP: 000000000<br>LEI: 335800KXLE5NO5B4GF90 | Long             | EC               | CORP              | IN        |   1739481 | NS      | $9758615.71   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Aluminum Corp of China Ltd                         | Aluminum Corp of China Ltd                            | CUSIP: 000000000<br>LEI: 529900TKZUWQLIQN6T48 | Long             | EC               | CORP              | CN        |   1144165 | NS      | $732521.18    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| TimkenSteel Corp                                   | TimkenSteel Corp                                      | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |     51148 | NS      | $956467.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Alrosa PJSC                                        | Alrosa PJSC                                           | CUSIP: 000000000<br>LEI: 894500DKUWVBYZLLE651 | Long             | EC               | CORP              | RU        |   2886002 | NS      | $472.92       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Maruichi Steel Tube Ltd                            | Maruichi Steel Tube Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     69400 | NS      | $1443484.04   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Novolipetsk Steel PJSC                             | Novolipetsk Steel PJSC                                | CUSIP: 000000000<br>LEI: 213800913TPW32I84456 | Long             | EC               | CORP              | RU        |   1668000 | NS      | $273.33       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Ferrexpo PLC                                       | Ferrexpo PLC                                          | CUSIP: 000000000<br>LEI: 213800CEDKSNUTPAQZ41 | Long             | EC               | CORP              | GB        |    387648 | NS      | $675208.24    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| IGO Ltd                                            | IGO Ltd                                               | CUSIP: 000000000<br>LEI: 2549005DZO8VGXM5QN07 | Long             | EC               | CORP              | AU        |    880284 | NS      | $9401165.47   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Shougang Fushan Resources Group Ltd                | Shougang Fushan Resources Group Ltd                   | CUSIP: 000000000<br>LEI: 529900OPUNJYLOX4OL37 | Long             | EC               | CORP              | HK        |   2692000 | NS      | $912791.32    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bafokeng Platinum Ltd                        | Royal Bafokeng Platinum Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |    113064 | NS      | $1078647.23   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Steel Corp                           | United States Steel Corp                              | CUSIP: 912909108<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | EC               | CORP              | US        |    337173 | NS      | $8864278.17   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Deterra Royalties Ltd                              | Deterra Royalties Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    574069 | NS      | $1809909.24   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Jindal Steel & Power Ltd                           | Jindal Steel & Power Ltd                              | CUSIP: 000000000<br>LEI: 335800UIKQBF6QO2NP15 | Long             | EC               | CORP              | IN        |    535377 | NS      | $3558630.08   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| CAP SA                                             | CAP SA                                                | CUSIP: 000000000<br>LEI: 54930079GPG23NTBB003 | Long             | EC               | CORP              | CL        |     85471 | NS      | $627424.71    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Henan Shenhuo Coal & Power Co Ltd                  | Henan Shenhuo Coal & Power Co Ltd                     | CUSIP: 000000000<br>LEI: 300300GF8XK44CSHXV64 | Long             | EC               | CORP              | CN        |    201900 | NS      | $488702.24    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiki Aluminium Industry Co Ltd                    | Daiki Aluminium Industry Co Ltd                       | CUSIP: 000000000<br>LEI: 353800ETXWM22FC94B33 | Long             | EC               | CORP              | JP        |     59000 | NS      | $563505.83    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bekaert SA                                         | Bekaert SA                                            | CUSIP: 000000000<br>LEI: 5493008SR6XZECH6BN71 | Long             | EC               | CORP              | BE        |     49129 | NS      | $1754339.15   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Alleima AB                                         | Alleima AB                                            | CUSIP: 000000000<br>LEI: 529900EBHTYGLA6PGP77 | Long             | EC               | CORP              | SE        |    278934 | NS      | $1092996.34   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern Copper Corp                               | Southern Copper Corp                                  | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |    110394 | NS      | $6736241.88   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto Ltd                                      | Rio Tinto Ltd                                         | CUSIP: 000000000<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |    479017 | NS      | $35760833.51  | 2.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Poongsan Corp                                      | Poongsan Corp                                         | CUSIP: 000000000<br>LEI: 2549007P08ZD5QJS1369 | Long             | EC               | CORP              | KR        |     20190 | NS      | $469740.50    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Steel Manufacturing Co Ltd                   | Tokyo Steel Manufacturing Co Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     67300 | NS      | $690755.45    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Light Metal Holdings Co Ltd                 | Nippon Light Metal Holdings Co Ltd                    | CUSIP: 000000000<br>LEI: 353800J9KCFJSF2CGT47 | Long             | EC               | CORP              | JP        |     71940 | NS      | $806443.71    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Seah Besteel Holdings Corp                         | Seah Besteel Holdings Corp                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     18171 | NS      | $268464.01    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Metal Mining Co Ltd                       | Sumitomo Metal Mining Co Ltd                          | CUSIP: 000000000<br>LEI: 353800CF81IXL9974H84 | Long             | EC               | CORP              | JP        |    322200 | NS      | $10867367.93  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Core Lithium Ltd                                   | Core Lithium Ltd                                      | CUSIP: 000000000<br>LEI: 529900FYS46XFGQKWI31 | Long             | EC               | CORP              | AU        |   1895841 | NS      | $1795358.52   | 0.12%             |  |  |  | No            |                  2 | On Loan: —       |
| Imdex Ltd                                          | Imdex Ltd                                             | CUSIP: 000000000<br>LEI: 529900H31NX5KRKXB865 | Long             | EC               | CORP              | AU        |    448218 | NS      | $743494.26    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Mount Gibson Iron Ltd                              | Mount Gibson Iron Ltd                                 | CUSIP: 000000000<br>LEI: 254900QOF9A5FW2FHD67 | Long             | EC               | CORP              | AU        |    763182 | NS      | $239721.90    | 0.02%             |  |  |  | No            |                  2 | On Loan: —       |
| TA Chen Stainless Pipe                             | TA Chen Stainless Pipe                                | CUSIP: 000000000<br>LEI: 254900953CKYO1W5WB63 | Long             | EC               | CORP              | TW        |   1955365 | NS      | $2580007.55   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Leo Lithium Ltd                                    | Leo Lithium Ltd                                       | CUSIP: 000000000<br>LEI: 984500LD0A57A68EZ677 | Long             | EC               | CORP              | AU        |   1085849 | NS      | $412989.76    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Vedanta Ltd                                        | Vedanta Ltd                                           | CUSIP: 000000000<br>LEI: 335800XDKX9KB5EMCO07 | Long             | EC               | CORP              | IN        |    957733 | NS      | $3620663.83   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Arconic Corp                                       | Arconic Corp                                          | CUSIP: 03966V107<br>LEI: 549300B4YFWH3U74B152 | Long             | EC               | CORP              | US        |    135955 | NS      | $3239807.65   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Jindal Stainless Hisar Ltd                         | Jindal Stainless Hisar Ltd                            | CUSIP: 000000000<br>LEI: 335800CT5HA7QL6THB97 | Long             | EC               | CORP              | IN        |    123159 | NS      | $513694.74    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| APL Apollo Tubes Ltd                               | APL Apollo Tubes Ltd                                  | CUSIP: 000000000<br>LEI: 335800ZU4GXSB7Q4IU95 | Long             | EC               | CORP              | IN        |    179018 | NS      | $2469436.23   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Welspun Corp Ltd                                   | Welspun Corp Ltd                                      | CUSIP: 000000000<br>LEI: 335800XKRIPYYRZNRQ31 | Long             | EC               | CORP              | IN        |    150752 | NS      | $469075.74    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangxi Copper Co Ltd                              | Jiangxi Copper Co Ltd                                 | CUSIP: 000000000<br>LEI: 3003002E74YFQ6MEZY56 | Long             | EC               | CORP              | CN        |   1476000 | NS      | $2160493.85   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Stelco Holdings Inc                                | Stelco Holdings Inc                                   | CUSIP: 858522105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     30576 | NS      | $1021283.63   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ADARO MINERALS INDONESIA TBK PT                    | Adaro Minerals Indonesia Tbk PT                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   8315300 | NS      | $865859.90    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale SA                                            | Vale SA                                               | CUSIP: 000000000<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |   5166144 | NS      | $85326717.65  | 5.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                        | XAE ENERGY DEC22                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         8 | NC      | $93843.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| YC INOX Co Ltd                                     | YC INOX Co Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    370263 | NS      | $337630.62    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| China Northern Rare Earth Group High-Tech Co Ltd   | China Northern Rare Earth Group High-Tech Co Ltd      | CUSIP: 000000000<br>LEI: 300300CY5TYMU38UDM49 | Long             | EC               | CORP              | CN        |    269270 | NS      | $1006839.41   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Sibanye Stillwater Ltd                             | Sibanye Stillwater Ltd                                | CUSIP: 000000000<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |   3641402 | NS      | $10131900.04  | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandfire Resources Ltd                             | Sandfire Resources Ltd                                | CUSIP: 000000000<br>LEI: 213800ZW52P23FVH1V47 | Long             | EC               | CORP              | AU        |    591338 | NS      | $2046793.04   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Mining Co Ltd                              | Western Mining Co Ltd                                 | CUSIP: 000000000<br>LEI: 300300QBV4A9N1NDK519 | Long             | EC               | CORP              | CN        |    201900 | NS      | $314666.44    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaiser Aluminum Corp                               | Kaiser Aluminum Corp                                  | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20190 | NS      | $1825176.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CMOC Group Ltd                                     | CMOC Group Ltd                                        | CUSIP: 000000000<br>LEI: 2549008KG3638J59U652 | Long             | EC               | CORP              | CN        |   1615200 | NS      | $1075945.61   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Worthington Industries Inc                         | Worthington Industries Inc                            | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |     41726 | NS      | $2367533.24   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Coronado Global Resources Inc                      | Coronado Global Resources Inc                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    971139 | NS      | $1401206.21   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ERO Copper Corp                                    | ERO Copper Corp                                       | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |     98931 | NS      | $1252495.95   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                               | Capstone Copper Corp                                  | CUSIP: 000000000<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |    442161 | NS      | $1544925.62   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Young Poong Corp                                   | Young Poong Corp                                      | CUSIP: 000000000<br>LEI: 988400AY78NTFS106S56 | Long             | EC               | CORP              | KR        |       673 | NS      | $393643.18    | 0.03%             |  |  |  | No            |                  2 | On Loan: —       |
| Nucor Corp                                         | Nucor Corp                                            | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |    344190 | NS      | $51611290.50  | 3.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Vulcan Energy Resources Ltd                        | Vulcan Energy Resources Ltd                           | CUSIP: 000000000<br>LEI: 8945006OYFHQ9HE4XE54 | Long             | EC               | CORP              | AU        |    112994 | NS      | $567074.04    | 0.04%             |  |  |  | No            |                  2 | On Loan: —       |
| SeAH Steel Holdings Corp                           | SeAH Steel Holdings Corp                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |         1 | NS      | $134.16       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Siderurgica Nacional SA                        | Cia Siderurgica Nacional SA                           | CUSIP: 000000000<br>LEI: 529900K40TEND42S0T46 | Long             | EC               | CORP              | BR        |    845961 | NS      | $2367031.27   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| China Nonferrous Mining Corp Ltd                   | China Nonferrous Mining Corp Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |   2019000 | NS      | $965929.02    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Algoma Steel Group Inc                             | Algoma Steel Group Inc                                | CUSIP: 000000000<br>LEI: 549300Q5EU337A1XCX27 | Long             | EC               | CORP              | CA        |    116429 | NS      | $772067.56    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| OZ Minerals Ltd                                    | OZ Minerals Ltd                                       | CUSIP: 000000000<br>LEI: 529900O2VBT5CL7EZT27 | Long             | EC               | CORP              | AU        |    432739 | NS      | $8131338.04   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Hunan Valin Steel Co Ltd                           | Hunan Valin Steel Co Ltd                              | CUSIP: 000000000<br>LEI: 3003007J7HWD6GTNJ656 | Long             | EC               | CORP              | CN        |    605700 | NS      | $416771.40    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SSAB AB                                            | SSAB AB                                               | CUSIP: 000000000<br>LEI: 529900329VS14ZIML164 | Long             | EC               | CORP              | SE        |    292755 | NS      | $1695271.05   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| JSW Steel Ltd                                      | JSW Steel Ltd                                         | CUSIP: 000000000<br>LEI: 335800EK6HZSC4CVAJ09 | Long             | EC               | CORP              | IN        |    934797 | NS      | $8585658.46   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Yintai Gold Co Ltd                                 | Yintai Gold Co Ltd                                    | CUSIP: 000000000<br>LEI: 655600QGA2EHH1HUDW82 | Long             | EC               | CORP              | CN        |    260940 | NS      | $533638.88    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Funds III                                | BlackRock Cash Funds: Institutional, SL Agency Shares | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  25867250 | NS      | $25869837.12  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Jastrzebska Spolka Weglowa SA                      | Jastrzebska Spolka Weglowa SA                         | CUSIP: 000000000<br>LEI: 259400D4E0H5BGXNIK97 | Long             | EC               | CORP              | PL        |     69319 | NS      | $955384.97    | 0.07%             |  |  |  | No            |                  2 | On Loan: —       |
| Shanxi Taigang Stainless Steel Co Ltd              | Shanxi Taigang Stainless Steel Co Ltd                 | CUSIP: 000000000<br>LEI: 300300TSZ3ZVPD82J476 | Long             | EC               | CORP              | CN        |    471100 | NS      | $303768.49    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Teck Resources Ltd                                 | Teck Resources Ltd                                    | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |    617973 | NS      | $22906095.07  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Steel Ltd                                   | Vulcan Steel Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |     74096 | NS      | $412186.99    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Jervois Global Ltd                                 | Jervois Global Ltd                                    | CUSIP: 000000000<br>LEI: 52990001DIVURT3JB972 | Long             | EC               | CORP              | AU        |   1999302 | NS      | $527927.80    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bumi Resources Minerals Tbk PT                     | Bumi Resources Minerals Tbk PT                        | CUSIP: 000000000<br>LEI: 529900KOJVEVTZ5IRE24 | Long             | EC               | CORP              | ID        |  55859000 | NS      | $652754.68    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Neometals Ltd                                      | Neometals Ltd                                         | CUSIP: 000000000<br>LEI: 254900WO0PDVL8V1PY78 | Long             | EC               | CORP              | AU        |    599960 | NS      | $416192.61    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Gerdau SA                                          | Gerdau SA                                             | CUSIP: 000000000<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EP               | CORP              | BR        |   1473197 | NS      | $8962361.24   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| African Rainbow Minerals Ltd                       | African Rainbow Minerals Ltd                          | CUSIP: 000000000<br>LEI: 529900L3TPSCK8ZVZ589 | Long             | EC               | CORP              | ZA        |    148583 | NS      | $2494027.86   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Atalaya Mining PLC                                 | Atalaya Mining PLC                                    | CUSIP: 000000000<br>LEI: 549300QNQPXVRXGXOX56 | Long             | EC               | CORP              | CY        |    137965 | NS      | $505498.47    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corp                                 | Lundin Mining Corp                                    | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |    850098 | NS      | $5232733.48   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                                      | Materion Corp                                         | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |     26247 | NS      | $2114458.32   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| POSCO Holdings Inc                                 | POSCO Holdings Inc                                    | CUSIP: 000000000<br>LEI: 988400E5HRVX81AYLM04 | Long             | EC               | CORP              | KR        |    102296 | NS      | $23415566.31  | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Hindustan Copper Ltd                               | Hindustan Copper Ltd                                  | CUSIP: 000000000<br>LEI: 33580013OQMTB8N3IV37 | Long             | EC               | CORP              | IN        |    247664 | NS      | $360412.92    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Northam Platinum Holdings Ltd                      | Northam Platinum Holdings Ltd                         | CUSIP: 000000000<br>LEI: 3789009D0712C7101695 | Long             | EC               | CORP              | ZA        |    436104 | NS      | $4952990.81   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Timah Tbk PT                                       | Timah Tbk PT                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | EC               | CORP              | ID        |   3167500 | NS      | $247932.18    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Bradespar SA                                       | Bradespar SA                                          | CUSIP: 000000000<br>LEI: 9598001UD1DHEH3PZ471 | Long             | EP               | CORP              | BR        |    352806 | NS      | $1924019.35   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Tibet Summit Resources Co Ltd                      | Tibet Summit Resources Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     67300 | NS      | $222093.87    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Allkem Ltd                                         | Allkem Ltd                                            | CUSIP: 000000000<br>LEI: 2138006SR6M416DVKM86 | Long             | EC               | CORP              | AU        |    743080 | NS      | $7030003.53   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiamen Tungsten Co Ltd                             | Xiamen Tungsten Co Ltd                                | CUSIP: 000000000<br>LEI: 300300SEC2FOC4PL5N49 | Long             | EC               | CORP              | CN        |    134699 | NS      | $415102.08    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Mincor Resources NL                                | Mincor Resources NL                                   | CUSIP: 000000000<br>LEI: 5299004P3ED1LV7QQV97 | Long             | EC               | CORP              | AU        |    509131 | NS      | $549046.70    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui Mining & Smelting Co Ltd                    | Mitsui Mining & Smelting Co Ltd                       | CUSIP: 000000000<br>LEI: 35380021EYAHSQM25559 | Long             | EC               | CORP              | JP        |     70100 | NS      | $1612862.61   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Vale Indonesia Tbk PT                              | Vale Indonesia Tbk PT                                 | CUSIP: 000000000<br>LEI: 5299002HHYBH7C6WBQ62 | Long             | EC               | CORP              | ID        |   3163100 | NS      | $1498459.46   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Yunnan Tin Co Ltd                                  | Yunnan Tin Co Ltd                                     | CUSIP: 000000000<br>LEI: 3003005QWPI5MVQF6K65 | Long             | EC               | CORP              | CN        |    134600 | NS      | $261264.88    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Iluka Resources Ltd                                | Iluka Resources Ltd                                   | CUSIP: 000000000<br>LEI: 2549009N2Y1F4YNB0955 | Long             | EC               | CORP              | AU        |    547149 | NS      | $3807885.89   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Zinc Co Ltd                                  | Korea Zinc Co Ltd                                     | CUSIP: 000000000<br>LEI: 988400D0HSQUB1I1VO41 | Long             | EC               | CORP              | KR        |     11441 | NS      | $5531138.50   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Nickel Industries Ltd                              | Nickel Industries Ltd                                 | CUSIP: 000000000<br>LEI: 54930007K0WX53TSIK16 | Long             | EC               | CORP              | AU        |   1429386 | NS      | $963344.87    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Tiangong International Co Ltd                      | Tiangong International Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   1346000 | NS      | $554998.76    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Eramet SA                                          | Eramet SA                                             | CUSIP: 000000000<br>LEI: 549300LUH78PG2MP6N64 | Long             | EC               | CORP              | FR        |     12809 | NS      | $1096108.66   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Lynas Rare Earths Ltd                              | Lynas Rare Earths Ltd                                 | CUSIP: 000000000<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | AU        |   1169674 | NS      | $6938529.35   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Chalice Mining Ltd                                 | Chalice Mining Ltd                                    | CUSIP: 000000000<br>LEI: 5299008IXHWMQDOE1437 | Long             | EC               | CORP              | AU        |    425081 | NS      | $1568278.28   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Piedmont Lithium Inc                               | Piedmont Lithium Inc                                  | CUSIP: 72016P105<br>LEI: 254900QJ73581MY1JN11 | Long             | EC               | CORP              | US        |     26986 | NS      | $1556012.76   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Steel Dynamics Inc                                 | Steel Dynamics Inc                                    | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |    244299 | NS      | $25389995.07  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Americas Corp                              | Lithium Americas Corp                                 | CUSIP: 53680Q207<br>LEI: 529900Q9ENG7EHHZ5R75 | Long             | EC               | CORP              | CA        |    139377 | NS      | $3475229.22   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Metalurgica Gerdau SA                              | Metalurgica Gerdau SA                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |    957923 | NS      | $2527092.19   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ganfeng Lithium Group Co Ltd                       | Ganfeng Lithium Group Co Ltd                          | CUSIP: 000000000<br>LEI: 3003006BE6UOHWEOOR42 | Long             | EC               | CORP              | CN        |    450280 | NS      | $3984521.06   | 0.27%             |  |  |  | No            |                  2 | On Loan: —       |
| Chengtun Mining Group Co Ltd                       | Chengtun Mining Group Co Ltd                          | CUSIP: 000000000<br>LEI: 213800BAQT9T6LO1P311 | Long             | EC               | CORP              | CN        |    269200 | NS      | $234358.06    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Lake Resources NL                                  | Lake Resources NL                                     | CUSIP: 000000000<br>LEI: 529900M65BIM9RDPDF56 | Long             | EC               | CORP              | AU        |   1566581 | NS      | $1101011.07   | 0.08%             |  |  |  | No            |                  2 | On Loan: —       |
| Koza Anadolu Metal Madencilik Isletmeleri AS       | Koza Anadolu Metal Madencilik Isletmeleri AS          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TR        |    256809 | NS      | $628654.89    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MMG Ltd                                            | MMG Ltd                                               | CUSIP: 000000000<br>LEI: 529900XB5IQXFMSWEC48 | Long             | EC               | CORP              | HK        |   3726000 | NS      | $980609.24    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Copper Mountain Mining Corp                        | Copper Mountain Mining Corp                           | CUSIP: 21750U101<br>LEI: 5493006C53WJSL5MMV91 | Long             | EC               | CORP              | CA        |    207957 | NS      | $282913.66    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JFE Holdings Inc                                   | JFE Holdings Inc                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    633400 | NS      | $7066350.66   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Usha Martin Ltd                                    | Usha Martin Ltd                                       | CUSIP: 000000000<br>LEI: 33580037BPBHOK655A23 | Long             | EC               | CORP              | IN        |    162193 | NS      | $262765.84    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Steel Holding AG                             | Swiss Steel Holding AG                                | CUSIP: 000000000<br>LEI: 529900PTQ0Z1J44SHZ08 | Long             | EC               | CORP              | CH        |   1156887 | NS      | $297092.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Outokumpu Oyj                                      | Outokumpu Oyj                                         | CUSIP: 000000000<br>LEI: 5493009YRUJJDCFF0R80 | Long             | EC               | CORP              | FI        |    474553 | NS      | $2393767.65   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ATI Inc                                            | ATI Inc                                               | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |    160711 | NS      | $4903292.61   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Shandong Nanshan Aluminum Co Ltd                   | Shandong Nanshan Aluminum Co Ltd                      | CUSIP: 000000000<br>LEI: 836800YU5J3RT2VPUO65 | Long             | EC               | CORP              | CN        |   1070430 | NS      | $535521.86    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Dongkuk Steel Mill Co Ltd                          | Dongkuk Steel Mill Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     78741 | NS      | $838222.01    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Turquoise Hill Resources Ltd                       | Turquoise Hill Resources Ltd                          | CUSIP: 900435207<br>LEI: 549300R80B2163QFEC16 | Long             | EC               | CORP              | CA        |    103664 | NS      | $3245978.28   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hill & Smith PLC                                   | Hill & Smith PLC                                      | CUSIP: 000000000<br>LEI: 2138003A3ISGQZBOWI83 | Long             | EC               | CORP              | GB        |    111045 | NS      | $1621688.92   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| MMC Norilsk Nickel PJSC                            | MMC Norilsk Nickel PJSC                               | CUSIP: 000000000<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |     71400 | NS      | $11.70        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Yamato Kogyo Co Ltd                                | Yamato Kogyo Co Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     52300 | NS      | $1803161.48   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Baoshan Iron & Steel Co Ltd                        | Baoshan Iron & Steel Co Ltd                           | CUSIP: 000000000<br>LEI: 300300PYAP4PEHORZT21 | Long             | EC               | CORP              | CN        |   1749893 | NS      | $1406327.20   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| AVZ Minerals Ltd                                   | AVZ Minerals Ltd                                      | CUSIP: 000000000<br>LEI: 5299001S9IIZ7Y6CKB92 | Long             | EC               | CORP              | AU        |   3302250 | NS      | $1486049.15   | 0.10%             |  |  |  | No            |                  3 | On Loan: —       |
| UACJ Corp                                          | UACJ Corp                                             | CUSIP: 000000000<br>LEI: 353800GO7FBE4RSRH831 | Long             | EC               | CORP              | JP        |     33638 | NS      | $572380.43    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Compass Minerals International Inc                 | Compass Minerals International Inc                    | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Long             | EC               | CORP              | US        |     43072 | NS      | $1910243.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Steel Co                                   | Hyundai Steel Co                                      | CUSIP: 000000000<br>LEI: 9884006EYA94IB2C3132 | Long             | EC               | CORP              | KR        |    111718 | NS      | $2923082.64   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Century Iron & Steel Industrial Co Ltd             | Century Iron & Steel Industrial Co Ltd                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    194000 | NS      | $539005.92    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| KGHM Polska Miedz SA                               | KGHM Polska Miedz SA                                  | CUSIP: 000000000<br>LEI: G30CO71KTT9JDYJESN22 | Long             | EC               | CORP              | PL        |    179691 | NS      | $4756713.21   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| BlueScope Steel Ltd                                | BlueScope Steel Ltd                                   | CUSIP: 000000000<br>LEI: 529900H6UQI16XACWC95 | Long             | EC               | CORP              | AU        |    619160 | NS      | $7462689.36   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Antofagasta PLC                                    | Antofagasta PLC                                       | CUSIP: 000000000<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | GB        |    508832 | NS      | $8804093.18   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Maanshan Iron & Steel Co Ltd                       | Maanshan Iron & Steel Co Ltd                          | CUSIP: 000000000<br>LEI: 529900A75J4LKKIUAJ17 | Long             | EC               | CORP              | CN        |    607900 | NS      | $250259.10    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| National Aluminium Co Ltd                          | National Aluminium Co Ltd                             | CUSIP: 000000000<br>LEI: 335800OM1V78CX7SSC72 | Long             | EC               | CORP              | IN        |   1043150 | NS      | $998951.20    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Liontown Resources Ltd                             | Liontown Resources Ltd                                | CUSIP: 000000000<br>LEI: 529900LT0V2IEL7WZY56 | Long             | EC               | CORP              | AU        |   2142999 | NS      | $2891173.80   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Anhui Honglu Steel Construction Group Co Ltd       | Anhui Honglu Steel Construction Group Co Ltd          | CUSIP: 000000000<br>LEI: 300300P819515FEOQM63 | Long             | EC               | CORP              | CN        |    139050 | NS      | $667388.69    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Toho Titanium Co Ltd                               | Toho Titanium Co Ltd                                  | CUSIP: 000000000<br>LEI: 353800CQ82BJ87SIZZ65 | Long             | EC               | CORP              | JP        |     67300 | NS      | $1355897.46   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Syrah Resources Ltd                                | Syrah Resources Ltd                                   | CUSIP: 000000000<br>LEI: 254900ZS2VP83B6L6Y30 | Long             | EC               | CORP              | AU        |    816765 | NS      | $1465899.63   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                                      | Rio Tinto PLC                                         | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |   1454211 | NS      | $97895586.43  | 6.75%             |  |  |  | No            |                  2 | On Loan: No      |
| APERAM SA                                          | APERAM SA                                             | CUSIP: 000000000<br>LEI: 5493001136GE6L4R7M63 | Long             | EC               | CORP              | LU        |     61916 | NS      | $1965508.15   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Major Drilling Group International Inc             | Major Drilling Group International Inc                | CUSIP: 560909103<br>LEI: 549300O1MNHCX2FUBC21 | Long             | EC               | CORP              | CA        |     95566 | NS      | $654323.21    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Salzgitter AG                                      | Salzgitter AG                                         | CUSIP: 000000000<br>LEI: 529900E12Z6HXIMHFA15 | Long             | EC               | CORP              | DE        |     38361 | NS      | $1124950.27   | 0.08%             |  |  |  | No            |                  2 | On Loan: —       |
| Mineral Resources Ltd                              | Mineral Resources Ltd                                 | CUSIP: 000000000<br>LEI: 5299007V1ACKFFX2P066 | Long             | EC               | CORP              | AU        |    220071 | NS      | $13255378.77  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| MP Materials Corp                                  | MP Materials Corp                                     | CUSIP: 553368101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103642 | NS      | $3446096.50   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS  | Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS     | CUSIP: 000000000<br>LEI: 789000HKISRM8ZEH0128 | Long             | EC               | CORP              | TR        |    945750 | NS      | $751825.23    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Metals & Energy Ltd                         | Lloyds Metals & Energy Ltd                            | CUSIP: 000000000<br>LEI: 335800T4YOINEGMM8W27 | Long             | EC               | CORP              | IN        |     69951 | NS      | $142416.62    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Godawari Power and Ispat Ltd                       | Godawari Power and Ispat Ltd                          | CUSIP: 000000000<br>LEI: 335800BC29IHAN5IOG37 | Long             | EC               | CORP              | IN        |     53167 | NS      | $208183.21    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hudbay Minerals Inc                                | Hudbay Minerals Inc                                   | CUSIP: 443628102<br>LEI: 549300WI524AL577IX21 | Long             | EC               | CORP              | CA        |    285760 | NS      | $1612398.91   | 0.11%             |  |  |  | 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        |   3000000 | NS      | $3000000.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Perenti Ltd                                        | Perenti Ltd                                           | CUSIP: 000000000<br>LEI: 25490044GUNE4S2E6K11 | Long             | EC               | CORP              | AU        |    815341 | NS      | $615116.35    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CMOC Group Ltd                                     | CMOC Group Ltd                                        | CUSIP: 000000000<br>LEI: 2549008KG3638J59U652 | Long             | EC               | CORP              | CN        |   4368000 | NS      | $2046321.84   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Ganfeng Lithium Group Co Ltd                       | Ganfeng Lithium Group Co Ltd                          | CUSIP: 000000000<br>LEI: 3003006BE6UOHWEOOR42 | Long             | EC               | CORP              | CN        |    117420 | NS      | $1374211.43   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Kobe Steel Ltd                                     | Kobe Steel Ltd                                        | CUSIP: 000000000<br>LEI: 549300ZDCYYUPHEE5K87 | Long             | EC               | CORP              | JP        |    471100 | NS      | $2137647.24   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| thyssenkrupp AG                                    | thyssenkrupp AG                                       | CUSIP: 000000000<br>LEI: 549300UDG16DOYUPR330 | Long             | EC               | CORP              | DE        |    603681 | NS      | $3402800.41   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Eregli Demir ve Celik Fabrikalari TAS              | Eregli Demir ve Celik Fabrikalari TAS                 | CUSIP: 000000000<br>LEI: 789000VYQF5IDGG49908 | Long             | EC               | CORP              | TR        |   1813735 | NS      | $4145209.50   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc                               | Freeport-McMoRan Inc                                  | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |   1873557 | NS      | $74567568.60  | 5.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tongling Nonferrous Metals Group Co Ltd            | Tongling Nonferrous Metals Group Co Ltd               | CUSIP: 000000000<br>LEI: 300300JWM4636VG5A986 | Long             | EC               | CORP              | CN        |    877100 | NS      | $369558.40    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| 5E Advanced Materials Inc                          | 5E Advanced Materials Inc                             | CUSIP: 000000000<br>LEI: 254900H5C60Y146YOH74 | Long             | EC               | CORP              | US        |    259953 | NS      | $281193.74    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Boliden AB                                         | Boliden AB                                            | CUSIP: 000000000<br>LEI: 21380059QU7IM1ONDJ56 | Long             | EC               | CORP              | SE        |    354064 | NS      | $13374162.16  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Altius Minerals Corp                               | Altius Minerals Corp                                  | CUSIP: 020936100<br>LEI: 54930083UJGDUCMJMU61 | Long             | EC               | CORP              | CA        |     51236 | NS      | $836443.94    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| YongXing Special Materials Technology Co Ltd       | YongXing Special Materials Technology Co Ltd          | CUSIP: 000000000<br>LEI: 300300ULJO6T9VWWOQ73 | Long             | EC               | CORP              | CN        |     21100 | NS      | $319556.12    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| GEM Co Ltd                                         | GEM Co Ltd                                            | CUSIP: 000000000<br>LEI: 300300FYIZ7FGM2QRC06 | Long             | EC               | CORP              | CN        |    468517 | NS      | $547442.38    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| United Co RUSAL International PJSC                 | United Co RUSAL International PJSC                    | CUSIP: 000000000<br>LEI: 213800WNO9IQTTI4PG55 | Long             | EC               | CORP              | RU        |   3450000 | NS      | $565.34       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Qatar Aluminum Manufacturing Co                    | Qatar Aluminum Manufacturing Co                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | QA        |   3530558 | NS      | $1536945.92   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Inner Mongolia BaoTou Steel Union Co Ltd           | Inner Mongolia BaoTou Steel Union Co Ltd              | CUSIP: 000000000<br>LEI: 3003005DKNZILXCEDH07 | Long             | EC               | CORP              | CN        |   3634221 | NS      | $1032214.80   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Yieh Phui Enterprise Co Ltd                        | Yieh Phui Enterprise Co Ltd                           | CUSIP: 000000000<br>LEI: 254900NCX61150KGIA04 | Long             | EC               | CORP              | TW        |   1415776 | NS      | $703107.93    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Huaibei Mining Holdings Co Ltd                     | Huaibei Mining Holdings Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    201900 | NS      | $415251.81    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SolGold PLC                                        | SolGold PLC                                           | CUSIP: 000000000<br>LEI: 213800HGFADQBMIEVI76 | Long             | EC               | CORP              | GB        |   1472017 | NS      | $319346.87    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                                      | BHP Group Ltd                                         | CUSIP: 000000000<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |   6543432 | NS      | $203208531.04 | 14.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Pacific Metals Co Ltd                              | Pacific Metals Co Ltd                                 | CUSIP: 000000000<br>LEI: 35380077BZD6E7GU0N68 | Long             | EC               | CORP              | JP        |     22600 | NS      | $341887.49    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| China Oriental Group Co Ltd                        | China Oriental Group Co Ltd                           | CUSIP: 000000000<br>LEI: 254900JSQWBLJHVYA555 | Long             | EC               | CORP              | BM        |   1180000 | NS      | $211931.83    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| China Hongqiao Group Ltd                           | China Hongqiao Group Ltd                              | CUSIP: 000000000<br>LEI: 3003009Q4IBFSDE24571 | Long             | EC               | CORP              | KY        |   3028500 | NS      | $2862127.62   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Steel Corp                                  | Nippon Steel Corp                                     | CUSIP: 000000000<br>LEI: 35380065QWQ4U2V3PA33 | Long             | EC               | CORP              | JP        |   1040005 | NS      | $16662234.16  | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Ivanhoe Mines Ltd                                  | Ivanhoe Mines Ltd                                     | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |    780790 | NS      | $6988597.26   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AMG Advanced Metallurgical Group NV                | AMG Advanced Metallurgical Group NV                   | CUSIP: 000000000<br>LEI: 5493006MN6OH67U2YI74 | Long             | EC               | CORP              | NL        |     36342 | NS      | $1460647.95   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Daido Steel Co Ltd                                 | Daido Steel Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     28600 | NS      | $925359.11    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Tianshan Aluminum Group Co Ltd                     | Tianshan Aluminum Group Co Ltd                        | CUSIP: 000000000<br>LEI: 300300VE52AL1GWYFN04 | Long             | EC               | CORP              | CN        |    328200 | NS      | $336506.06    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Century Aluminum Co                                | Century Aluminum Co                                   | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |     63214 | NS      | $569558.14    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Grange Resources Ltd                               | Grange Resources Ltd                                  | CUSIP: 000000000<br>LEI: 529900NMGGZAKQ0JZU73 | Long             | EC               | CORP              | AU        |    672327 | NS      | $351222.55    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc                               | Cleveland-Cliffs Inc                                  | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    679123 | NS      | $10512824.04  | 0.72%             |  |  |  | No            |                  1 | On Loan: —       |
| Anglo American Platinum Ltd                        | Anglo American Platinum Ltd                           | CUSIP: 000000000<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |     68646 | NS      | $6938367.27   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangxi Copper Co Ltd                              | Jiangxi Copper Co Ltd                                 | CUSIP: 000000000<br>LEI: 3003002E74YFQ6MEZY56 | Long             | EC               | CORP              | CN        |    136725 | NS      | $340848.68    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyoei Steel Ltd                                    | Kyoei Steel Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18400 | NS      | $174155.41    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Brasileira de Aluminio                         | Cia Brasileira de Aluminio                            | CUSIP: 000000000<br>LEI: 5493001QYTIDILBVYO18 | Long             | EC               | CORP              | BR        |    188440 | NS      | $439385.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Labrador Iron Ore Royalty Corp                     | Labrador Iron Ore Royalty Corp                        | CUSIP: 505440107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     74052 | NS      | $1872838.75   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Inner Mongolia ERDOS Resources Co Ltd              | Inner Mongolia ERDOS Resources Co Ltd                 | CUSIP: 000000000<br>LEI: 300300UPV0ZBASQKK574 | Long             | EC               | CORP              | CN        |     95860 | NS      | $221360.76    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Feng Hsin Steel Co Ltd                             | Feng Hsin Steel Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    673000 | NS      | $1465624.19   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SSAB AB                                            | SSAB AB                                               | CUSIP: 000000000<br>LEI: 529900329VS14ZIML164 | Long             | EC               | CORP              | SE        |    849999 | NS      | $4805503.83   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                    | Norsk Hydro ASA                                       | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |   1730446 | NS      | $13030463.79  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Hsin Kuang Steel Co Ltd                            | Hsin Kuang Steel Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    200000 | NS      | $248497.81    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Filo Mining Corp                                   | Filo Mining Corp                                      | CUSIP: 31730E101<br>LEI: 54930049JO3VWJU1B514 | Long             | EC               | CORP              | CA        |    110372 | NS      | $1539292.06   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Metals Group Ltd                         | Fortescue Metals Group Ltd                            | CUSIP: 000000000<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |   2190615 | NS      | $29156352.51  | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sayona Mining Ltd                                  | Sayona Mining Ltd                                     | CUSIP: 000000000<br>LEI: 5299007N8RQDP4IN4F31 | Long             | EC               | CORP              | AU        |   8527244 | NS      | $1376417.94   | 0.09%             |  |  |  | No            |                  2 | On Loan: —       |
| Champion Iron Ltd                                  | Champion Iron Ltd                                     | CUSIP: 000000000<br>LEI: 894500WQI96G4T75O202 | Long             | EC               | CORP              | AU        |    432066 | NS      | $1890346.71   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanxi Meijin Energy Co Ltd                        | Shanxi Meijin Energy Co Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    339128 | NS      | $478325.19    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Chun Yuan Steel Industry Co Ltd                    | Chun Yuan Steel Industry Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    475000 | NS      | $245958.74    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ramaco Resources Inc                               | Ramaco Resources Inc                                  | CUSIP: 75134P303<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EC               | CORP              | US        |     29612 | NS      | $339057.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Severstal PAO                                      | Severstal PAO                                         | CUSIP: 000000000<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |    233400 | NS      | $38.25        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Glencore PLC                                       | Glencore PLC                                          | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |  12728756 | NS      | $86862530.22  | 5.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Steel Ltd                                     | Tata Steel Ltd                                        | CUSIP: 000000000<br>LEI: 335800E6C75YGSGD5T66 | Long             | EC               | CORP              | IN        |   8237903 | NS      | $11026845.52  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Pangang Group Vanadium Titanium & Resources Co Ltd | Pangang Group Vanadium Titanium & Resources Co Ltd    | CUSIP: 000000000<br>LEI: 300300ONZYFDMNITT218 | Long             | EC               | CORP              | CN        |    740300 | NS      | $574098.66    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial Metals Co                               | Commercial Metals Co                                  | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |    158155 | NS      | $7784389.10   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hesteel Co Ltd                                     | Hesteel Co Ltd                                        | CUSIP: 000000000<br>LEI: 300300AZISPESC4OA235 | Long             | EC               | CORP              | CN        |    870100 | NS      | $303723.42    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Yunnan Aluminium Co Ltd                            | Yunnan Aluminium Co Ltd                               | CUSIP: 000000000<br>LEI: 3003008AXWSVMLG3MX37 | Long             | EC               | CORP              | CN        |    269200 | NS      | $412893.69    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Warrior Met Coal Inc                               | Warrior Met Coal Inc                                  | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |     67344 | NS      | $2479606.08   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| voestalpine AG                                     | voestalpine AG                                        | CUSIP: 000000000<br>LEI: 529900ZAXBMQDIWPNB72 | Long             | EC               | CORP              | AT        |    150752 | NS      | $4146630.81   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| EVERGREEN Steel Corp                               | EVERGREEN Steel Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    199000 | NS      | $340966.18    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Superconducting Technologies Co Ltd        | Western Superconducting Technologies Co Ltd           | CUSIP: 000000000<br>LEI: 300300IUC83XEOSKRG67 | Long             | EC               | CORP              | CN        |     35850 | NS      | $501491.83    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Pilbara Minerals Ltd                               | Pilbara Minerals Ltd                                  | CUSIP: 000000000<br>LEI: 5299000VV1CZVF5K9C16 | Long             | EC               | CORP              | AU        |   3080321 | NS      | $9992735.97   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenghe Resources Holding Co Ltd                   | Shenghe Resources Holding Co Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    134600 | NS      | $280773.49    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| China Zhongwang Holdings Ltd                       | China Zhongwang Holdings Ltd                          | CUSIP: 000000000<br>LEI: 529900J21TD2P9K4YC63 | Long             | EC               | CORP              | KY        |   1552000 | NS      | $154207.52    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Chung Hung Steel Corp                              | Chung Hung Steel Corp                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |   1150000 | NS      | $899884.98    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcoa Corp                                         | Alcoa Corp                                            | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    238264 | NS      | $11944174.32  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| South32 Ltd                                        | South32 Ltd                                           | CUSIP: 000000000<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |   5986867 | NS      | $16628700.19  | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                                   | ArcelorMittal SA                                      | CUSIP: 000000000<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | EC               | CORP              | LU        |    682422 | NS      | $18711403.18  | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| China Metal Products                               | China Metal Products                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    208011 | NS      | $200940.38    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Aluminum Corp of China Ltd                         | Aluminum Corp of China Ltd                            | CUSIP: 000000000<br>LEI: 529900TKZUWQLIQN6T48 | Long             | EC               | CORP              | CN        |   4902000 | NS      | $2096422.66   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Bradespar SA                                       | Bradespar SA                                          | CUSIP: 000000000<br>LEI: 9598001UD1DHEH3PZ471 | Long             | EC               | CORP              | BR        |     44285 | NS      | $223500.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kumba Iron Ore Ltd                                 | Kumba Iron Ore Ltd                                    | CUSIP: 000000000<br>LEI: 3789006C753402643048 | Long             | EC               | CORP              | ZA        |     82753 | NS      | $2337870.19   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Granges AB                                         | Granges AB                                            | CUSIP: 000000000<br>LEI: 5493006UG44TYSIXOB13 | Long             | EC               | CORP              | SE        |    137336 | NS      | $1115353.01   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Aurubis AG                                         | Aurubis AG                                            | CUSIP: 000000000<br>LEI: 5299005SHIN9ZK7GW242 | Long             | EC               | CORP              | DE        |     40402 | NS      | $3243547.54   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Alpha Metallurgical Resources Inc                  | Alpha Metallurgical Resources Inc                     | CUSIP: 020764106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22882 | NS      | $3918084.86   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SunCoke Energy Inc                                 | SunCoke Energy Inc                                    | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |    106334 | NS      | $899585.64    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Merdeka Copper Gold Tbk PT                         | Merdeka Copper Gold Tbk PT                            | CUSIP: 000000000<br>LEI: 894500DF5TJXCOE26L58 | Long             | EC               | CORP              | ID        |  15613686 | NS      | $4156176.08   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Steel Ltd                                     | Tata Steel Ltd                                        | CUSIP: 87656Y406<br>LEI: 335800E6C75YGSGD5T66 | Long             | EC               | CORP              | IN        |    120828 | NS      | $1584399.80   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Solaris Resources Inc                              | Solaris Resources Inc                                 | CUSIP: 83419D201<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     63262 | NS      | $336262.35    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| China Rare Earth Resources And Technology Co Ltd   | China Rare Earth Resources And Technology Co Ltd      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     67300 | NS      | $315826.41    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| China Metal Recycling Holdings Ltd                 | China Metal Recycling Holdings Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    132000 | NS      | $0.17         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Press Metal Aluminium Holdings Bhd                 | Press Metal Aluminium Holdings Bhd                    | CUSIP: 000000000<br>LEI: 254900RO5GQ4M0YV5S47 | Long             | EC               | CORP              | MY        |   4778300 | NS      | $5250078.02   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Alumina Ltd                                        | Alumina Ltd                                           | CUSIP: 000000000<br>LEI: 2138002VD9MW2WT8HR38 | Long             | EC               | CORP              | AU        |   3166201 | NS      | $3298462.64   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American PLC                                 | Anglo American PLC                                    | CUSIP: 000000000<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |   1640996 | NS      | $68224617.91  | 4.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Yodogawa Steel Works Ltd                           | Yodogawa Steel Works Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     19600 | NS      | $364884.74    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryerson Holding Corp                               | Ryerson Holding Corp                                  | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |     22183 | NS      | $654176.67    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Schnitzer Steel Industries Inc                     | Schnitzer Steel Industries Inc                        | CUSIP: 806882106<br>LEI: 549300F62TK8VRDSM285 | Long             | EC               | CORP              | US        |     32977 | NS      | $1132100.41   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Steel & Aluminum Co                       | Reliance Steel & Aluminum Co                          | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     80594 | NS      | $17028706.26  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Impala Platinum Holdings Ltd                       | Impala Platinum Holdings Ltd                          | CUSIP: 000000000<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |   1098676 | NS      | $13352848.48  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Straits Trading Co Ltd/Singapore                   | Straits Trading Co Ltd/Singapore                      | CUSIP: 000000000<br>LEI: 875500UD8EBMDH2VFY72 | Long             | EC               | CORP              | SG        |    242962 | NS      | $431846.54    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| E-Commodities Holdings Ltd                         | E-Commodities Holdings Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |   1346000 | NS      | $273813.93    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Huayou Cobalt Co Ltd                      | Zhejiang Huayou Cobalt Co Ltd                         | CUSIP: 000000000<br>LEI: 30030099QFLNMEGP7M05 | Long             | EC               | CORP              | CN        |    113550 | NS      | $1018461.18   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd                         | First Quantum Minerals Ltd                            | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |    759254 | NS      | $18050732.57  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Dowa Holdings Co Ltd                               | Dowa Holdings Co Ltd                                  | CUSIP: 000000000<br>LEI: 353800ZSQZKFE140A689 | Long             | EC               | CORP              | JP        |     67300 | NS      | $2235462.81   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                             | MSCI EMGMKT DEC22                                     | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |       114 | NC      | $365094.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ioneer Ltd                                         | ioneer Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   1891187 | NS      | $755625.29    | 0.05%             |  |  |  | No            |                  2 | On Loan: —       |

### Signature

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

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

**Signature:** Ann Frechette

**Name of Signer:** Ann Frechette

**Title:** Assistant Treasurer