# EDGAR Filing Document

**Accession Number:** 0000930667
**File Stem:** 0001752724-25-177791
**Filing Date:** 2025-7
**Character Count:** 41466
**Document Hash:** 3a98955fa2057784cd8443b6f9453a67
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-177791.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-177791

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20250831

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09102
- **FILM NUMBER:** 251149355

**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 Germany ETF (Series ID: S000004269)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000011973 | iShares MSCI Germany ETF | EWG             |

## Nport-Ex

Schedule of Investments (unaudited)

May 31, 2025

**iShares® MSCI Germany ETF**

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

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Aerospace & Defense — 6.1%** | **Aerospace & Defense — 6.1%** | **Aerospace & Defense — 6.1%** |
| MTU Aero Engines AG | &nbsp;&nbsp;&nbsp; 77616 | $31044003 |
| Rheinmetall AG | &nbsp;&nbsp;&nbsp; 64408 | 138043503 |
|  |  | 169087506 |
| **Air Freight & Logistics — 2.3%** | **Air Freight & Logistics — 2.3%** | **Air Freight & Logistics — 2.3%** |
| Deutsche Post AG, Registered | &nbsp;&nbsp;&nbsp; 1382361 | 62030482 |
| **Automobile Components — 0.5%** | **Automobile Components — 0.5%** | **Automobile Components — 0.5%** |
| Continental AG | &nbsp;&nbsp;&nbsp; 159245 | 13966008 |
| **Automobiles — 3.6%** | **Automobiles — 3.6%** | **Automobiles — 3.6%** |
| Bayerische Motoren Werke AG | &nbsp;&nbsp;&nbsp; 417786 | 37066409 |
| Mercedes-Benz Group AG<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1041790 | 62296641 |
|  |  | 99363050 |
| **Banks — 1.4%** | **Banks — 1.4%** | **Banks — 1.4%** |
| Commerzbank AG | &nbsp;&nbsp;&nbsp; 1280674 | 39008065 |
| **Capital Markets — 5.8%** | **Capital Markets — 5.8%** | **Capital Markets — 5.8%** |
| Deutsche Bank AG, Registered | &nbsp;&nbsp;&nbsp; 2666022 | 73835764 |
| Deutsche Boerse AG | &nbsp;&nbsp;&nbsp; 271296 | 87397630 |
|  |  | 161233394 |
| **Chemicals — 4.0%** | **Chemicals — 4.0%** | **Chemicals — 4.0%** |
| BASF SE | &nbsp;&nbsp;&nbsp; 1285239 | 61976783 |
| Covestro AG, NVS<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 258159 | 17734163 |
| Evonik Industries AG | &nbsp;&nbsp;&nbsp; 370897 | 8038264 |
| Symrise AG, Class A | &nbsp;&nbsp;&nbsp; 191331 | 22877143 |
|  |  | 110626353 |
| **Construction Materials — 1.4%** | **Construction Materials — 1.4%** | **Construction Materials — 1.4%** |
| Heidelberg Materials AG | &nbsp;&nbsp;&nbsp; 192851 | 37800962 |
| **Diversified Telecommunication Services — 6.9%** | **Diversified Telecommunication Services — 6.9%** | **Diversified Telecommunication Services — 6.9%** |
| Deutsche Telekom AG, Registered | &nbsp;&nbsp;&nbsp; 5029662 | 190465345 |
| **Electrical Equipment — 3.5%** | **Electrical Equipment — 3.5%** | **Electrical Equipment — 3.5%** |
| Siemens Energy AG<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 978737 | 95647567 |
| **Entertainment — 0.4%** | **Entertainment — 0.4%** | **Entertainment — 0.4%** |
| CTS Eventim AG & Co. KGaA | &nbsp;&nbsp;&nbsp; 89626 | 10871316 |
| **Health Care Equipment & Supplies — 0.9%** | **Health Care Equipment & Supplies — 0.9%** | **Health Care Equipment & Supplies — 0.9%** |
| Siemens Healthineers AG<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 487245 | 25788611 |
| **Health Care Providers & Services — 1.7%** | **Health Care Providers & Services — 1.7%** | **Health Care Providers & Services — 1.7%** |
| Fresenius Medical Care AG | &nbsp;&nbsp;&nbsp; 316995 | 18006770 |
| Fresenius SE & Co. KGaA | &nbsp;&nbsp;&nbsp; 609378 | 29865022 |
|  |  | 47871792 |
| **Hotels, Restaurants & Leisure — 0.3%** | **Hotels, Restaurants & Leisure — 0.3%** | **Hotels, Restaurants & Leisure — 0.3%** |
| Delivery Hero SE, Class A<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 271228 | 7498462 |
| **Household Products — 0.4%** | **Household Products — 0.4%** | **Household Products — 0.4%** |
| Henkel AG & Co. KGaA | &nbsp;&nbsp;&nbsp; 149207 | 10955530 |
| **Independent Power and Renewable Electricity Producers — 1.2%** | **Independent Power and Renewable Electricity Producers — 1.2%** | **Independent Power and Renewable Electricity Producers — 1.2%** |
| RWE AG | &nbsp;&nbsp;&nbsp; 912244 | 34347943 |
| **Industrial Conglomerates — 9.5%** | **Industrial Conglomerates — 9.5%** | **Industrial Conglomerates — 9.5%** |
| Siemens AG, Registered | &nbsp;&nbsp;&nbsp; 1095121 | 263402013 |
| **Insurance — 13.9%** | **Insurance — 13.9%** | **Insurance — 13.9%** |
| Allianz SE, Registered | &nbsp;&nbsp;&nbsp; 556446 | 220693856 |
| Hannover Rueck SE | &nbsp;&nbsp;&nbsp; 86983 | 27504577 |
| &nbsp;&nbsp;&nbsp; Muenchener Rueckversicherungs-Gesellschaft AG in <br> Muenchen, Registered<br>| &nbsp;&nbsp;&nbsp; 192742 | 124872205 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Talanx AG<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 93302 | $12104132 |
|  |  | 385174770 |
| **Interactive Media & Services — 0.5%** | **Interactive Media & Services — 0.5%** | **Interactive Media & Services — 0.5%** |
| Scout24 SE<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 107760 | 14682776 |
| **Life Sciences Tools & Services — 0.5%** | **Life Sciences Tools & Services — 0.5%** | **Life Sciences Tools & Services — 0.5%** |
| Qiagen NV | &nbsp;&nbsp;&nbsp; 311306 | 14052075 |
| **Machinery — 2.2%** | **Machinery — 2.2%** | **Machinery — 2.2%** |
| Daimler Truck Holding AG | &nbsp;&nbsp;&nbsp; 685585 | 29777289 |
| GEA Group AG | &nbsp;&nbsp;&nbsp; 211128 | 14140633 |
| Knorr-Bremse AG | &nbsp;&nbsp;&nbsp; 104869 | 10611214 |
| Rational AG | &nbsp;&nbsp;&nbsp; 7391 | 6077115 |
|  |  | 60606251 |
| **Multi-Utilities — 2.1%** | **Multi-Utilities — 2.1%** | **Multi-Utilities — 2.1%** |
| E.ON SE | &nbsp;&nbsp;&nbsp; 3238765 | 56762892 |
| **Passenger Airlines — 0.3%** | **Passenger Airlines — 0.3%** | **Passenger Airlines — 0.3%** |
| Deutsche Lufthansa AG, Registered<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 870329 | 6965080 |
| **Personal Care Products — 0.7%** | **Personal Care Products — 0.7%** | **Personal Care Products — 0.7%** |
| Beiersdorf AG | &nbsp;&nbsp;&nbsp; 143127 | 19632046 |
| **Pharmaceuticals — 2.3%** | **Pharmaceuticals — 2.3%** | **Pharmaceuticals — 2.3%** |
| Bayer AG, Registered | &nbsp;&nbsp;&nbsp; 1417212 | 39899508 |
| Merck KGaA | &nbsp;&nbsp;&nbsp; 185765 | 24342420 |
|  |  | 64241928 |
| **Real Estate Management & Development — 1.6%** | **Real Estate Management & Development — 1.6%** | **Real Estate Management & Development — 1.6%** |
| LEG Immobilien SE | &nbsp;&nbsp;&nbsp; 106842 | 9071486 |
| Vonovia SE | &nbsp;&nbsp;&nbsp; 1063465 | 34843921 |
|  |  | 43915407 |
| **Semiconductors & Semiconductor Equipment — 2.7%** | **Semiconductors & Semiconductor Equipment — 2.7%** | **Semiconductors & Semiconductor Equipment — 2.7%** |
| Infineon Technologies AG | &nbsp;&nbsp;&nbsp; 1881041 | 73134355 |
| **Software — 16.9%** | **Software — 16.9%** | **Software — 16.9%** |
| Nemetschek SE | &nbsp;&nbsp;&nbsp; 83239 | 11571964 |
| SAP SE | &nbsp;&nbsp;&nbsp; 1504680 | 455195821 |
|  |  | 466767785 |
| **Specialty Retail — 0.4%** | **Specialty Retail — 0.4%** | **Specialty Retail — 0.4%** |
| Zalando SE<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp; 322981 | 11539999 |
| **Textiles, Apparel & Luxury Goods — 2.2%** | **Textiles, Apparel & Luxury Goods — 2.2%** | **Textiles, Apparel & Luxury Goods — 2.2%** |
| adidas AG | &nbsp;&nbsp;&nbsp; 246235 | 61414269 |
| **Trading Companies & Distributors — 0.4%** | **Trading Companies & Distributors — 0.4%** | **Trading Companies & Distributors — 0.4%** |
| Brenntag SE | &nbsp;&nbsp;&nbsp; 177744 | 12046237 |
| **Total Common Stocks — 96.6%** <br>**(Cost: $2,576,103,667)** | **Total Common Stocks — 96.6%** <br>**(Cost: $2,576,103,667)** | 2670900269 |
| **Preferred Stocks** | **Preferred Stocks** | **Preferred Stocks** |
| **Automobiles — 2.0%** | **Automobiles — 2.0%** | **Automobiles — 2.0%** |
| &nbsp;&nbsp;&nbsp; Bayerische Motoren Werke AG, Preference <br> Shares, NVS<br>| &nbsp;&nbsp;&nbsp; 80153 | 6643582 |
| Dr Ing hc F Porsche AG, Preference Shares, NVS<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 163925 | 7906650 |
| &nbsp;&nbsp;&nbsp; Porsche Automobil Holding SE, Preference <br> Shares, NVS<br>| &nbsp;&nbsp;&nbsp; 220135 | 8800944 |
| Volkswagen AG, Preference Shares, NVS | &nbsp;&nbsp;&nbsp; 296620 | 32116436 |
|  |  | 55467612 |
| **Household Products — 0.7%** | **Household Products — 0.7%** | **Household Products — 0.7%** |
| Henkel AG & Co. KGaA, Preference Shares, NVS | &nbsp;&nbsp;&nbsp; 244561 | 19595459 |

---

------

Schedule of Investments (unaudited)(continued)

May 31, 2025

**iShares® MSCI Germany ETF**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Life Sciences Tools & Services — 0.3%** | **Life Sciences Tools & Services — 0.3%** | **Life Sciences Tools & Services — 0.3%** |
| Sartorius AG, Preference Shares, NVS | &nbsp;&nbsp;&nbsp; 37672 | $9036658 |
| **Total Preferred Stocks — 3.0%** <br>**(Cost: $121,511,336)** | **Total Preferred Stocks — 3.0%** <br>**(Cost: $121,511,336)** | 84099729 |
| **Total Long-Term Investments — 99.6%** <br>**(Cost: $2,697,615,003)** | **Total Long-Term Investments — 99.6%** <br>**(Cost: $2,697,615,003)** | 2754999998 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 0.2%** | **Money Market Funds — 0.2%** | **Money Market Funds — 0.2%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 4.46%<sup>(d)(e)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 4784552 | 4786466 |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 4.30%<sup>(d)(e)</sup><br>| &nbsp;&nbsp;&nbsp; 2470000 | 2470000 |
| **Total Short-Term Securities — 0.2%** <br>**(Cost: $7,256,466)** | **Total Short-Term Securities — 0.2%** <br>**(Cost: $7,256,466)** | 7256466 |
| **Total Investments — 99.8%** <br>**(Cost: $2,704,871,469)** | **Total Investments — 99.8%** <br>**(Cost: $2,704,871,469)** | 2762256464 |
| **Other Assets Less Liabilities — 0.2%** | **Other Assets Less Liabilities — 0.2%** | 4364612 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $2766621076 |

---

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

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

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

<sup>(c)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

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

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

<sup>(f)</sup> All or a portion of this security was purchased with the cash collateral from loaned securities. 

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended May 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*08/31/24*<br>| *Purchases* <br>*at Cost*<br>| *Proceeds* <br>*from Sales*<br>| &nbsp;&nbsp; *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*05/31/25*<br>| *Shares* <br>*Held at* <br>*05/31/25*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares<br>| $10080838 | $— | &nbsp;&nbsp; $(5292433 )<sup>(a)</sup><br>| $458 | $(2397)<br>| $4786466 | 4784552 | $14934 <br><sup>(b)</sup><br>| $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares<br>| &nbsp;&nbsp;&nbsp;&nbsp; 300000 | 2170000 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 2470000 | 2470000 | &nbsp;&nbsp; 18239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  | $458 | $(2397) | $7256466 |  | $33173 | $— |

---

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

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

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

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

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | &nbsp;&nbsp; *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| *Notional* <br>*Amount* <br>*(000)*<br>| &nbsp;&nbsp; *Value/* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| Long Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp; DAX Index | &nbsp;&nbsp;&nbsp; 16 | 06/20/25 | &nbsp;&nbsp; $10935 | $757230 |

---

**Fair Value Hierarchy as of Period End** 

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

------

Schedule of Investments (unaudited)(continued)

May 31, 2025

**iShares® MSCI Germany ETF**

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

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

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

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp; $17734163 | &nbsp;&nbsp; $2653166106 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2670900269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks | &nbsp;&nbsp; — | &nbsp;&nbsp; 84099729 | &nbsp;&nbsp; — | &nbsp;&nbsp; 84099729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 7256466 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 7256466 |
|  | &nbsp;&nbsp; $24990629 | &nbsp;&nbsp; $2737265835 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2762256464 |
| Derivative Financial Instruments<sup>(a)</sup>  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; $— | &nbsp;&nbsp; $757230 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $757230 |

---

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

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

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

---

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

---

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

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

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

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

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

- **b. EDGAR series identifier (if any):** S000004269

- **c. LEI of Series:** 5493004D0K60CDIFRQ61

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2779914906.82

**Total Liabilities:** $13274988.75

**Net Assets:** $2766639918.07

**Cash Not Reported:** $8519100.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000011973 | 2.44%                | 6.94%                | 5.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5481104.54             | $-4234877.84                               |
| Month 2  | $35171806.70             | $81262918.81                               |
| Month 3  | $8047448.32              | $87766663.63                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Nemetschek SE                                             | Nemetschek SE                                             | CUSIP: 000000000<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |     83239 | NS      | $11571963.93  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| LEG Immobilien SE                                         | LEG Immobilien SE                                         | CUSIP: 000000000<br>LEI: 391200SO40AKONBO0Z96 | Long             | EC               | CORP              | DE        |    106842 | NS      | $9071486.28   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Beiersdorf AG                                             | Beiersdorf AG                                             | CUSIP: 000000000<br>LEI: L47NHHI0Z9X22DV46U41 | Long             | EC               | CORP              | DE        |    143127 | NS      | $19632045.54  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Continental AG                                            | Continental AG                                            | CUSIP: 000000000<br>LEI: 529900A7YD9C0LLXM621 | Long             | EC               | CORP              | DE        |    159245 | NS      | $13966008.43  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Lufthansa AG                                     | Deutsche Lufthansa AG                                     | CUSIP: 000000000<br>LEI: 529900PH63HYJ86ASW55 | Long             | EC               | CORP              | DE        |    870329 | NS      | $6965079.81   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                                    | SAP SE                                                    | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |   1506373 | NS      | $455707987.05 | 16.47%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG                                        | Deutsche Boerse AG                                        | CUSIP: 000000000<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |    271632 | NS      | $87505872.46  | 3.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Rational AG                                               | Rational AG                                               | CUSIP: 000000000<br>LEI: 529900K139N6UFJ1A758 | Long             | EC               | CORP              | DE        |      7391 | NS      | $6077114.90   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Porsche Automobil Holding SE                              | Porsche Automobil Holding SE                              | CUSIP: 000000000<br>LEI: 52990053Z17ZYM1KFV27 | Long             | EP               | CORP              | DE        |    220135 | NS      | $8800944.35   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Talanx AG                                                 | Talanx AG                                                 | CUSIP: 000000000<br>LEI: 5299006ZIILJ6VJVSJ32 | Long             | EC               | CORP              | DE        |     93302 | NS      | $12104132.25  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| GEA Group AG                                              | GEA Group AG                                              | CUSIP: 000000000<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |    223593 | NS      | $14975496.53  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                         | DAX INDEX FUTURE JUN25                                    | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        21 | NC      | $761491.92    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co KGaA                                       | Henkel AG & Co KGaA                                       | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EP               | CORP              | DE        |    244561 | NS      | $19595458.87  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Healthineers AG                                   | Siemens Healthineers AG                                   | CUSIP: 000000000<br>LEI: 529900QBVWXMWANH7H45 | Long             | EC               | CORP              | DE        |    406360 | NS      | $21507577.98  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Daimler Truck Holding AG                                  | Daimler Truck Holding AG                                  | CUSIP: 000000000<br>LEI: 529900PW78JIYOUBSR24 | Long             | EC               | CORP              | DE        |    685585 | NS      | $29777289.22  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Brenntag SE                                               | Brenntag SE                                               | CUSIP: 000000000<br>LEI: NNROIXVWJ7CPSR27SV97 | Long             | EC               | CORP              | DE        |    177744 | NS      | $12046237.20  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Delivery Hero SE                                          | Delivery Hero SE                                          | CUSIP: 000000000<br>LEI: 529900C3EX1FZGE48X78 | Long             | EC               | CORP              | DE        |    271228 | NS      | $7498461.87   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Sartorius AG                                              | Sartorius AG                                              | CUSIP: 000000000<br>LEI: 529900EQV2DY4FOAMU38 | Long             | EP               | CORP              | DE        |     37672 | NS      | $9036657.38   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Scout24 SE                                                | Scout24 SE                                                | CUSIP: 000000000<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |    108574 | NS      | $14793687.18  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Ing hc F Porsche AG                                    | Dr Ing hc F Porsche AG                                    | CUSIP: 000000000<br>LEI: 529900EWEX125AULXI58 | Long             | EP               | CORP              | DE        |    163925 | NS      | $7906650.37   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co KGaA                                       | Henkel AG & Co KGaA                                       | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EC               | CORP              | DE        |    149207 | NS      | $10955530.10  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Rheinmetall AG                                            | Rheinmetall AG                                            | CUSIP: 000000000<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |     62834 | NS      | $134670001.71 | 4.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Evonik Industries AG                                      | Evonik Industries AG                                      | CUSIP: 000000000<br>LEI: 41GUOJQTALQHLF39XJ34 | Long             | EC               | CORP              | DE        |    370897 | NS      | $8038263.92   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| adidas AG                                                 | adidas AG                                                 | CUSIP: 000000000<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |    246678 | NS      | $61524759.00  | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| MTU Aero Engines AG                                       | MTU Aero Engines AG                                       | CUSIP: 000000000<br>LEI: 529900807L67JY81RD65 | Long             | EC               | CORP              | DE        |     77616 | NS      | $31044003.32  | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Symrise AG                                                | Symrise AG                                                | CUSIP: 000000000<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |    191331 | NS      | $22877142.54  | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES            | BlackRock Cash Funds: Treasury, SL Agency Shares          | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |   2470000 | NS      | $2470000.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                                          | Deutsche Bank AG                                          | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EC               | CORP              | DE        |   2669966 | NS      | $73944993.16  | 2.67%             |  |  |  | No            |                  2 | On Loan: No      |
| CTS Eventim AG & Co KGaA                                  | CTS Eventim AG & Co KGaA                                  | CUSIP: 000000000<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |     89626 | NS      | $10871316.15  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Hannover Rueck SE                                         | Hannover Rueck SE                                         | CUSIP: 000000000<br>LEI: 529900KIN5BE45V5KB18 | Long             | EC               | CORP              | DE        |     86983 | NS      | $27504577.52  | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius Medical Care AG                                 | Fresenius Medical Care AG                                 | CUSIP: 000000000<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |    295572 | NS      | $16789844.99  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius SE & Co KGaA                                    | Fresenius SE & Co KGaA                                    | CUSIP: 000000000<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |    609378 | NS      | $29865022.06  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                               | Bayerische Motoren Werke AG                               | CUSIP: 000000000<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EC               | CORP              | DE        |    417786 | NS      | $37066409.04  | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Volkswagen AG                                             | Volkswagen AG                                             | CUSIP: 000000000<br>LEI: 529900NNUPAGGOMPXZ31 | Long             | EP               | CORP              | DE        |    297630 | NS      | $32225793.38  | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                       | Deutsche Telekom AG                                       | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |   5035318 | NS      | $190679528.62 | 6.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Commerzbank AG                                            | Commerzbank AG                                            | CUSIP: 000000000<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | EC               | CORP              | DE        |   1367173 | NS      | $41642739.52  | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| BASF SE                                                   | BASF SE                                                   | CUSIP: 000000000<br>LEI: 529900PM64WH8AF1E917 | Long             | EC               | CORP              | DE        |   1287524 | NS      | $62086970.38  | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                                | Allianz SE                                                | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |    557072 | NS      | $220942135.66 | 7.99%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                                   | E.ON SE                                                   | CUSIP: 000000000<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |   3238765 | NS      | $56762891.76  | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| QIAGEN NV                                                 | QIAGEN NV                                                 | CUSIP: 000000000<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |    311306 | NS      | $14052074.61  | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Heidelberg Materials AG                                   | Heidelberg Materials AG                                   | CUSIP: 000000000<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |    197233 | NS      | $38659882.84  | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayer AG                                                  | Bayer AG                                                  | CUSIP: 000000000<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |   1417212 | NS      | $39899507.52  | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| RWE AG                                                    | RWE AG                                                    | CUSIP: 000000000<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |    912244 | NS      | $34347943.03  | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck KGaA                                                | Merck KGaA                                                | CUSIP: 000000000<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |    186603 | NS      | $24452230.56  | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                                | Siemens AG                                                | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |   1096351 | NS      | $263697856.54 | 9.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Covestro AG                                               | Covestro AG                                               | CUSIP: 000000000<br>LEI: 3912005AWHKLQ1CPLV11 | Long             | EC               | CORP              | DE        |    258159 | NS      | $17734163.31  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | CUSIP: 000000000<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |    192958 | NS      | $125012145.10 | 4.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Post AG                                          | Deutsche Post AG                                          | CUSIP: 000000000<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |   1384863 | NS      | $62142754.42  | 2.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Knorr-Bremse AG                                           | Knorr-Bremse AG                                           | CUSIP: 000000000<br>LEI: 5299001GRRO0Z25YZT52 | Long             | EC               | CORP              | DE        |    104869 | NS      | $10611213.94  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Vonovia SE                                                | Vonovia SE                                                | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |   1063465 | NS      | $34843920.40  | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                               | Bayerische Motoren Werke AG                               | CUSIP: 000000000<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EP               | CORP              | DE        |     80153 | NS      | $6643581.64   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Puma SE                                                   | Puma SE                                                   | CUSIP: 000000000<br>LEI: 529900GRZ2BQY5ZM9N49 | Long             | EC               | CORP              | DE        |    149332 | NS      | $3874512.84   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy AG                                         | Siemens Energy AG                                         | CUSIP: 000000000<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |    922444 | NS      | $90146305.68  | 3.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                                  | Infineon Technologies AG                                  | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |   1883883 | NS      | $73244851.17  | 2.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Zalando SE                                                | Zalando SE                                                | CUSIP: 000000000<br>LEI: 529900YRFFGH5AXU4S86 | Long             | EC               | CORP              | DE        |    322981 | NS      | $11539998.97  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercedes-Benz Group AG                                    | Mercedes-Benz Group AG                                    | CUSIP: 000000000<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |   1041790 | NS      | $62296641.42  | 2.25%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer