# EDGAR Filing Document

**Accession Number:** 0000930667
**File Stem:** 0001410368-26-006935
**Filing Date:** 2026-1
**Character Count:** 31424
**Document Hash:** ecb03c7a79f33e2f25782c4cf8c66e7e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-006935.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0001410368-26-006935

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**PERIOD START**: 20260831

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09102
- **FILM NUMBER:** 26557029

**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 Belgium ETF (Series ID: S000004263)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000011967 | iShares MSCI Belgium ETF | EWK             |

## Nport-Ex

Schedule of Investments (unaudited)

November 30, 2025

**iShares® MSCI Belgium 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** |
| **Banks — 5.9%** | **Banks — 5.9%** | **Banks — 5.9%** |
| KBC Ancora | &nbsp;&nbsp;&nbsp; 4478 | $373395 |
| KBC Group NV | &nbsp;&nbsp;&nbsp; 8193 | 1008577 |
|  |  | 1381972 |
| **Beverages — 18.6%** | **Beverages — 18.6%** | **Beverages — 18.6%** |
| Anheuser-Busch InBev SA | &nbsp;&nbsp;&nbsp; 70189 | 4326825 |
| **Biotechnology — 17.4%** | **Biotechnology — 17.4%** | **Biotechnology — 17.4%** |
| Argenx SE<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4256 | 3879746 |
| Galapagos NV<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 5831 | 182440 |
|  |  | 4062186 |
| **Building Products — 0.6%** | **Building Products — 0.6%** | **Building Products — 0.6%** |
| Recticel SA | &nbsp;&nbsp;&nbsp; 13543 | 142945 |
| **Capital Markets — 0.9%** | **Capital Markets — 0.9%** | **Capital Markets — 0.9%** |
| Gimv NV | &nbsp;&nbsp;&nbsp; 3881 | 203420 |
| **Chemicals — 6.3%** | **Chemicals — 6.3%** | **Chemicals — 6.3%** |
| Solvay SA | &nbsp;&nbsp;&nbsp; 9386 | 299336 |
| Syensqo SA | &nbsp;&nbsp;&nbsp; 7249 | 591763 |
| Tessenderlo Group SA | &nbsp;&nbsp;&nbsp; 5309 | 169460 |
| Umicore SA | &nbsp;&nbsp;&nbsp; 22754 | 400284 |
|  |  | 1460843 |
| **Construction & Engineering — 3.4%** | **Construction & Engineering — 3.4%** | **Construction & Engineering — 3.4%** |
| Ackermans & van Haaren NV | &nbsp;&nbsp;&nbsp; 2337 | 597937 |
| Deme Group NV | &nbsp;&nbsp;&nbsp; 1245 | 201209 |
|  |  | 799146 |
| **Consumer Staples Distribution & Retail — 0.9%** | **Consumer Staples Distribution & Retail — 0.9%** | **Consumer Staples Distribution & Retail — 0.9%** |
| Colruyt Group NV | &nbsp;&nbsp;&nbsp; 5264 | 202273 |
| **Distributors — 1.8%** | **Distributors — 1.8%** | **Distributors — 1.8%** |
| D'ieteren Group | &nbsp;&nbsp;&nbsp; 2345 | 408426 |
| **Diversified Telecommunication Services — 0.9%** | **Diversified Telecommunication Services — 0.9%** | **Diversified Telecommunication Services — 0.9%** |
| Proximus SADP | &nbsp;&nbsp;&nbsp; 25355 | 218343 |
| **Electric Utilities — 2.3%** | **Electric Utilities — 2.3%** | **Electric Utilities — 2.3%** |
| Elia Group SA, Class B | &nbsp;&nbsp;&nbsp; 4538 | 548080 |
| **Electronic Equipment, Instruments & Components — 0.7%** | **Electronic Equipment, Instruments & Components — 0.7%** | **Electronic Equipment, Instruments & Components — 0.7%** |
| Barco NV | &nbsp;&nbsp;&nbsp; 11991 | 171297 |
| **Entertainment — 0.6%** | **Entertainment — 0.6%** | **Entertainment — 0.6%** |
| Kinepolis Group NV | &nbsp;&nbsp;&nbsp; 3914 | 142022 |
| **Financial Services — 5.0%** | **Financial Services — 5.0%** | **Financial Services — 5.0%** |
| Groupe Bruxelles Lambert NV | &nbsp;&nbsp;&nbsp; 7886 | 682103 |
| Sofina SA | &nbsp;&nbsp;&nbsp; 1736 | 489632 |
|  |  | 1171735 |
| **Food Products — 1.7%** | **Food Products — 1.7%** | **Food Products — 1.7%** |
| Lotus Bakeries NV | &nbsp;&nbsp;&nbsp; 45 | 404358 |
| **Health Care Providers & Services — 1.0%** | **Health Care Providers & Services — 1.0%** | **Health Care Providers & Services — 1.0%** |
| Fagron | &nbsp;&nbsp;&nbsp; 9668 | 239108 |
| **Health Care REITs — 3.4%** | **Health Care REITs — 3.4%** | **Health Care REITs — 3.4%** |
| Aedifica SA | &nbsp;&nbsp;&nbsp; 5307 | 409140 |
| Cofinimmo SA | &nbsp;&nbsp;&nbsp; 4318 | 391197 |
|  |  | 800337 |
| **Industrial REITs — 3.3%** | **Industrial REITs — 3.3%** | **Industrial REITs — 3.3%** |
| Montea NV | &nbsp;&nbsp;&nbsp; 2863 | 237767 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Industrial REITs (continued)** | **Industrial REITs (continued)** | **Industrial REITs (continued)** |
| Warehouses De Pauw CVA | &nbsp;&nbsp;&nbsp; 20436 | $530424 |
|  |  | 768191 |
| **Insurance — 4.1%** | **Insurance — 4.1%** | **Insurance — 4.1%** |
| Ageas SA | &nbsp;&nbsp;&nbsp; 13869 | 947571 |
| **Metals & Mining — 1.0%** | **Metals & Mining — 1.0%** | **Metals & Mining — 1.0%** |
| Bekaert SA | &nbsp;&nbsp;&nbsp; 5202 | 222996 |
| **Oil, Gas & Consumable Fuels — 1.0%** | **Oil, Gas & Consumable Fuels — 1.0%** | **Oil, Gas & Consumable Fuels — 1.0%** |
| CMB Tech NV | &nbsp;&nbsp;&nbsp; 21096 | 232429 |
| **Personal Care Products — 0.6%** | **Personal Care Products — 0.6%** | **Personal Care Products — 0.6%** |
| Ontex Group NV<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 18673 | 140698 |
| **Pharmaceuticals — 11.3%** | **Pharmaceuticals — 11.3%** | **Pharmaceuticals — 11.3%** |
| Financiere de Tubize SA | &nbsp;&nbsp;&nbsp; 2092 | 510468 |
| UCB SA | &nbsp;&nbsp;&nbsp; 7601 | 2124584 |
|  |  | 2635052 |
| **Real Estate Management & Development — 1.0%** | **Real Estate Management & Development — 1.0%** | **Real Estate Management & Development — 1.0%** |
| VGP NV | &nbsp;&nbsp;&nbsp; 2026 | 243562 |
| **Residential REITs — 0.9%** | **Residential REITs — 0.9%** | **Residential REITs — 0.9%** |
| Xior Student Housing NV | &nbsp;&nbsp;&nbsp; 6328 | 214732 |
| **Retail REITs — 1.2%** | **Retail REITs — 1.2%** | **Retail REITs — 1.2%** |
| Retail Estates NV | &nbsp;&nbsp;&nbsp; 2389 | 175803 |
| Vastned NV | &nbsp;&nbsp;&nbsp; 2584 | 92949 |
|  |  | 268752 |
| **Semiconductors & Semiconductor Equipment — 0.9%** | **Semiconductors & Semiconductor Equipment — 0.9%** | **Semiconductors & Semiconductor Equipment — 0.9%** |
| Melexis NV | &nbsp;&nbsp;&nbsp; 3237 | 199387 |
| **Specialized REITs — 0.9%** | **Specialized REITs — 0.9%** | **Specialized REITs — 0.9%** |
| Shurgard Self Storage Ltd. | &nbsp;&nbsp;&nbsp; 5793 | 216728 |
| **Trading Companies & Distributors — 1.1%** | **Trading Companies & Distributors — 1.1%** | **Trading Companies & Distributors — 1.1%** |
| Azelis Group NV | &nbsp;&nbsp;&nbsp; 22923 | 246786 |
| **Total Long-Term Investments — 98.7%** <br>**(Cost: $24,734,507)** | **Total Long-Term Investments — 98.7%** <br>**(Cost: $24,734,507)** | 23020200 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.1%** | **Money Market Funds — 1.1%** | **Money Market Funds — 1.1%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency Shares, <br> 4.11%<sup>(c)(d)(e)</sup><br>| &nbsp;&nbsp;&nbsp; 250105 | 250230 |
| **Total Short-Term Securities — 1.1%** <br>**(Cost: $250,250)** | **Total Short-Term Securities — 1.1%** <br>**(Cost: $250,250)** | 250230 |
| **Total Investments — 99.8%** <br>**(Cost: $24,984,757)** | **Total Investments — 99.8%** <br>**(Cost: $24,984,757)** | 23270430 |
| **Other Assets Less Liabilities — 0.2%** | **Other Assets Less Liabilities — 0.2%** | 44296 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $23314726 |

---

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

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

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

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

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

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

------

Schedule of Investments (unaudited)(continued)

November 30, 2025

**iShares® MSCI Belgium ETF**

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*08/31/25*<br>| *Purchases* <br>*at Cost*<br>| &nbsp;&nbsp; *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*11/30/25*<br>| *Shares* <br>*Held at* <br>*11/30/25*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Institutional, SL Agency Shares | $766275 | $—<br> $(516061 )<sup>(a)</sup><br>| $76 | $(60)<br>| $250230 | 250105 | $719 <br><sup>(b)</sup><br>| $— |
| BlackRock Cash Funds: Treasury, SL Agency Shares<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —<br> (10000 )<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; 32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  | $76 | $(60) | $250230 |  | $751 | $— |

---

&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. 

<sup>(c)</sup> As of period end, the entity is no longer held.

**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; Micro Euro STOXX 50 Index | 44 | 12/19/25 | &nbsp;&nbsp; $290 | $9478 |

---

**Fair Value Hierarchy as of Period End** 

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

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

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

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

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; $92949 | &nbsp;&nbsp; $22927251 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $23020200 |
| &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; 250230 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 250230 |
|  | &nbsp;&nbsp; $343179 | &nbsp;&nbsp; $22927251 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $23270430 |

---

------

Schedule of Investments (unaudited)(continued)

November 30, 2025

**iShares® MSCI Belgium ETF**

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Derivative Financial Instruments<sup>(a)</sup>  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; $9478 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $9478 |

---

&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;

------

## 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 Belgium ETF

- **b. EDGAR series identifier (if any):** S000004263

- **c. LEI of Series:** 549300BBSWUY8YSLJ845

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $23830345.14

**Total Liabilities:** $515037.09

**Net Assets:** $23315308.05

**Cash Not Reported:** $67487.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000011967 | 0.83%                | 0.06%                | 3.88%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1404902.73              | $-1443770.99                               |
| Month 2  | $250144.85               | $-236018.59                                |
| Month 3  | $-288059.64              | $1146475.29                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cofinimmo SA                | Cofinimmo SA                                          | CUSIP: 000000000<br>LEI: 549300TM914CSF6KI389 | Long             | EC               |  | BE        |      4318 | NS      | $391196.88    | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotus Bakeries NV           | Lotus Bakeries NV                                     | CUSIP: 000000000<br>LEI: 5493004C0K34IFI67I03 | Long             | EC               | CORP              | BE        |        45 | NS      | $404358.41    | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Recticel SA                 | Recticel SA                                           | CUSIP: 000000000<br>LEI: 549300R8K43AXHYP5M15 | Long             | EC               | CORP              | BE        |     13543 | NS      | $142944.74    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                | KBC Group NV                                          | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |      8193 | NS      | $1008577.06   | 4.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Sofina SA                   | Sofina SA                                             | CUSIP: 000000000<br>LEI: 5493000GMVR38VUO5D39 | Long             | EC               | CORP              | BE        |      1736 | NS      | $489632.08    | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Solvay SA                   | Solvay SA                                             | CUSIP: 000000000<br>LEI: 549300MMVL80RTBP3O28 | Long             | EC               | CORP              | BE        |      9386 | NS      | $299336.00    | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Tessenderlo Group SA        | Tessenderlo Group SA                                  | CUSIP: 000000000<br>LEI: 549300ZKLIF7RP6EH823 | Long             | EC               | CORP              | BE        |      5309 | NS      | $169460.70    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Gimv NV                     | Gimv NV                                               | CUSIP: 000000000<br>LEI: 549300UFHGFY5IOON989 | Long             | EC               | CORP              | BE        |      3881 | NS      | $203419.70    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Retail Estates NV           | Retail Estates NV                                     | CUSIP: 000000000<br>LEI: 5493007CO5W5OBFG7L21 | Long             | EC               |  | BE        |      2389 | NS      | $175803.40    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| UCB SA                      | UCB SA                                                | CUSIP: 000000000<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |      7601 | NS      | $2124583.83   | 9.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Ackermans & van Haaren NV   | Ackermans & van Haaren NV                             | CUSIP: 000000000<br>LEI: 5493005E2GHATS0Z6J59 | Long             | EC               | CORP              | BE        |      2337 | NS      | $597937.14    | 2.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Bekaert SA                  | Bekaert SA                                            | CUSIP: 000000000<br>LEI: 5493008SR6XZECH6BN71 | Long             | EC               | CORP              | BE        |      5202 | NS      | $222995.73    | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Vastned NV                  | Vastned NV                                            | CUSIP: 000000000<br>LEI: 54930068RSC6OT68NE51 | Long             | EC               |  | BE        |      2584 | NS      | $92948.67     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Groupe Bruxelles Lambert NV | Groupe Bruxelles Lambert NV                           | CUSIP: 000000000<br>LEI: 549300KV0ZEHT2KVU152 | Long             | EC               | CORP              | BE        |      7886 | NS      | $682103.01    | 2.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Melexis NV                  | Melexis NV                                            | CUSIP: 000000000<br>LEI: 549300QRPSGOJRPUFO80 | Long             | EC               | CORP              | BE        |      3237 | NS      | $199387.11    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Funds III         | BlackRock Cash Funds: Institutional, SL Agency Shares | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |    252887 | NS      | $253013.81    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Colruyt Group N.V           | Colruyt Group N.V                                     | CUSIP: 000000000<br>LEI: 5493000O0NZ1BCXO8K39 | Long             | EC               | CORP              | BE        |      5264 | NS      | $202272.85    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| D'ieteren Group             | D'ieteren Group                                       | CUSIP: 000000000<br>LEI: 549300DV5KJ23OKVTW34 | Long             | EC               | CORP              | BE        |      2345 | NS      | $408425.73    | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinepolis Group NV          | Kinepolis Group NV                                    | CUSIP: 000000000<br>LEI: 5493002BJQRO0S06F161 | Long             | EC               | CORP              | BE        |      3914 | NS      | $142022.37    | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev SA/NV  | Anheuser-Busch InBev SA/NV                            | CUSIP: 000000000<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |     70189 | NS      | $4326825.43   | 18.56%            |  |  |  | No            |                  2 | On Loan: No      |
| Umicore SA                  | Umicore SA                                            | CUSIP: 000000000<br>LEI: 529900F3AIQECS8ZSV61 | Long             | EC               | CORP              | BE        |     22754 | NS      | $400283.80    | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Warehouses De Pauw CVA      | Warehouses De Pauw CVA                                | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               |  | BE        |     20436 | NS      | $530423.74    | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland           | MICRO EURO STOXX DEC25                                | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        44 | NC      | $9478.94      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Proximus SADP               | Proximus SADP                                         | CUSIP: 000000000<br>LEI: 549300CWRXC5EP004533 | Long             | EC               | CORP              | BE        |     25355 | NS      | $218343.64    | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| CMB Tech NV                 | CMB Tech NV                                           | CUSIP: 000000000<br>LEI: 549300D80RYON74MEJ03 | Long             | EC               | CORP              | BE        |     21096 | NS      | $232429.40    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Galapagos NV                | Galapagos NV                                          | CUSIP: 000000000<br>LEI: 549300QKJ78IY0IOV655 | Long             | EC               | CORP              | BE        |      5831 | NS      | $182439.46    | 0.78%             |  |  |  | No            |                  2 | On Loan: —       |
| Elia Group SA/NV            | Elia Group SA/NV                                      | CUSIP: 000000000<br>LEI: 549300S1MP1NFDIKT460 | Long             | EC               | CORP              | BE        |      4538 | NS      | $548079.84    | 2.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Financiere de Tubize SA     | Financiere de Tubize SA                               | CUSIP: 000000000<br>LEI: 549300I1MGC0OK6W8828 | Long             | EC               | CORP              | BE        |      2092 | NS      | $510467.89    | 2.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Montea NV                   | Montea NV                                             | CUSIP: 000000000<br>LEI: 5493006K5LQDD0GK1T60 | Long             | EC               |  | BE        |      2863 | NS      | $237767.34    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Aedifica SA                 | Aedifica SA                                           | CUSIP: 000000000<br>LEI: 529900DTKNXL0AXQFN28 | Long             | EC               |  | BE        |      5307 | NS      | $409139.77    | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Ancora                  | KBC Ancora                                            | CUSIP: 000000000<br>LEI: 549300I4XZ0RR3ZOSZ55 | Long             | EC               | CORP              | BE        |      4478 | NS      | $373394.78    | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Fagron                      | Fagron                                                | CUSIP: 000000000<br>LEI: 549300TRKRUFK2RRG779 | Long             | EC               | CORP              | BE        |      9668 | NS      | $239107.66    | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| VGP NV                      | VGP NV                                                | CUSIP: 000000000<br>LEI: 315700NENYPIXFR94T49 | Long             | EC               | CORP              | BE        |      2026 | NS      | $243562.19    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Ageas SA/NV                 | Ageas SA/NV                                           | CUSIP: 000000000<br>LEI: 5493005DJBML6LY3RV36 | Long             | EC               | CORP              | BE        |     13869 | NS      | $947570.91    | 4.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Barco NV                    | Barco NV                                              | CUSIP: 000000000<br>LEI: 549300N17QCD827TII61 | Long             | EC               | CORP              | BE        |     11991 | NS      | $171297.14    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Azelis Group NV             | Azelis Group NV                                       | CUSIP: 000000000<br>LEI: 699400M9RRMTV264FM70 | Long             | EC               | CORP              | BE        |     22923 | NS      | $246786.42    | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Deme Group NV               | Deme Group NV                                         | CUSIP: 000000000<br>LEI: 549300FPFPQPKI3PJV37 | Long             | EC               | CORP              | BE        |      1245 | NS      | $201209.11    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Ontex Group NV              | Ontex Group NV                                        | CUSIP: 000000000<br>LEI: 549300AQESC6JJOPW253 | Long             | EC               | CORP              | BE        |     18673 | NS      | $140697.68    | 0.60%             |  |  |  | No            |                  2 | On Loan: —       |
| Argenx SE                   | Argenx SE                                             | CUSIP: 000000000<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      4256 | NS      | $3879746.25   | 16.64%            |  |  |  | No            |                  2 | On Loan: No      |
| Syensqo SA                  | Syensqo SA                                            | CUSIP: 000000000<br>LEI: 549300060XNJ90PLNS10 | Long             | EC               | CORP              | BE        |      7249 | NS      | $591762.82    | 2.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Shurgard Self Storage Ltd   | Shurgard Self Storage Ltd                             | CUSIP: 000000000<br>LEI: 549300J0UEIKU81XO336 | Long             | EC               |  | GG        |      5793 | NS      | $216727.95    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Xior Student Housing NV     | Xior Student Housing NV                               | CUSIP: 000000000<br>LEI: 549300JK7HFOCP0U8K85 | Long             | EC               |  | BE        |      6328 | NS      | $214731.71    | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer