# EDGAR Filing Document

**Accession Number:** 0000930667
**File Stem:** 0001752724-25-177752
**Filing Date:** 2025-7
**Character Count:** 33185
**Document Hash:** eefc2780a93ecb669a13d720c80564cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-177752.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-177752

**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:** 251149319

**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 Switzerland ETF (Series ID: S000004260)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000011964 | iShares MSCI Switzerland ETF | EWL             |

## Nport-Ex

Schedule of Investments (unaudited)

May 31, 2025

**iShares® MSCI Switzerland 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 — 0.3%** | **Banks — 0.3%** | **Banks — 0.3%** |
| Banque Cantonale Vaudoise, Registered | &nbsp;&nbsp;&nbsp; 39071 | $4526658 |
| **Building Products — 1.5%** | **Building Products — 1.5%** | **Building Products — 1.5%** |
| Geberit AG, Registered | &nbsp;&nbsp;&nbsp; 27007 | 20172351 |
| **Capital Markets — 7.0%** | **Capital Markets — 7.0%** | **Capital Markets — 7.0%** |
| Julius Baer Group Ltd. | &nbsp;&nbsp;&nbsp; 178372 | 11764135 |
| Partners Group Holding AG | &nbsp;&nbsp;&nbsp; 17646 | 23687436 |
| UBS Group AG, Registered | &nbsp;&nbsp;&nbsp; 1773555 | 56577351 |
|  |  | 92028922 |
| **Chemicals — 5.6%** | **Chemicals — 5.6%** | **Chemicals — 5.6%** |
| EMS-Chemie Holding AG, Registered | &nbsp;&nbsp;&nbsp; 7771 | 5905228 |
| Givaudan SA, Registered | &nbsp;&nbsp;&nbsp; 7094 | 35676348 |
| Sika AG, Registered | &nbsp;&nbsp;&nbsp; 117351 | 31493718 |
|  |  | 73075294 |
| **Construction Materials — 3.3%** | **Construction Materials — 3.3%** | **Construction Materials — 3.3%** |
| Holcim AG | &nbsp;&nbsp;&nbsp; 393709 | 43626956 |
| **Containers & Packaging — 0.5%** | **Containers & Packaging — 0.5%** | **Containers & Packaging — 0.5%** |
| SIG Group AG | &nbsp;&nbsp;&nbsp; 311667 | 6372702 |
| **Diversified Telecommunication Services — 1.1%** | **Diversified Telecommunication Services — 1.1%** | **Diversified Telecommunication Services — 1.1%** |
| Swisscom AG, Registered | &nbsp;&nbsp;&nbsp; 21718 | 14938682 |
| **Electric Utilities — 0.4%** | **Electric Utilities — 0.4%** | **Electric Utilities — 0.4%** |
| BKW AG | &nbsp;&nbsp;&nbsp; 25610 | 5404167 |
| **Electrical Equipment — 4.3%** | **Electrical Equipment — 4.3%** | **Electrical Equipment — 4.3%** |
| ABB Ltd., Registered | &nbsp;&nbsp;&nbsp; 1005206 | 56942570 |
| **Food Products — 17.2%** | **Food Products — 17.2%** | **Food Products — 17.2%** |
| Barry Callebaut AG, Registered | &nbsp;&nbsp;&nbsp; 4336 | 4463550 |
| &nbsp;&nbsp;&nbsp; Chocoladefabriken Lindt & Spruengli AG, Participation <br> Certificates, NVS<br>| &nbsp;&nbsp;&nbsp; 817 | 13155008 |
| Chocoladefabriken Lindt & Spruengli AG, Registered | &nbsp;&nbsp;&nbsp; 90 | 14139902 |
| Nestle SA, Registered | &nbsp;&nbsp;&nbsp; 1823994 | 194322966 |
|  |  | 226081426 |
| **Health Care Equipment & Supplies — 4.4%** | **Health Care Equipment & Supplies — 4.4%** | **Health Care Equipment & Supplies — 4.4%** |
| Alcon AG | &nbsp;&nbsp;&nbsp; 382487 | 32938592 |
| Sonova Holding AG, Registered | &nbsp;&nbsp;&nbsp; 42691 | 13409357 |
| Straumann Holding AG | &nbsp;&nbsp;&nbsp; 94853 | 12200764 |
|  |  | 58548713 |
| **Insurance — 10.5%** | **Insurance — 10.5%** | **Insurance — 10.5%** |
| Baloise Holding AG, Registered | &nbsp;&nbsp;&nbsp; 38619 | 9165181 |
| Helvetia Holding AG, Registered | &nbsp;&nbsp;&nbsp; 35778 | 8480788 |
| Swiss Life Holding AG, Registered | &nbsp;&nbsp;&nbsp; 22884 | 22855133 |
| Swiss Re AG | &nbsp;&nbsp;&nbsp; 229428 | 40538485 |
| Zurich Insurance Group AG | &nbsp;&nbsp;&nbsp; 82405 | 57801963 |
|  |  | 138841550 |
| **Life Sciences Tools & Services — 2.9%** | **Life Sciences Tools & Services — 2.9%** | **Life Sciences Tools & Services — 2.9%** |
| Lonza Group AG, Registered | &nbsp;&nbsp;&nbsp; 55133 | 38257080 |
| **Machinery — 2.3%** | **Machinery — 2.3%** | **Machinery — 2.3%** |
| Schindler Holding AG, Participation Certificates, NVS | &nbsp;&nbsp;&nbsp; 35120 | 12514749 |
| Schindler Holding AG, Registered | &nbsp;&nbsp;&nbsp; 22740 | 7820283 |
| VAT Group AG<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 24686 | 9417983 |
|  |  | 29753015 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Marine Transportation — 0.8%** | **Marine Transportation — 0.8%** | **Marine Transportation — 0.8%** |
| Kuehne + Nagel International AG, Registered | &nbsp;&nbsp;&nbsp; 43676 | $9827822 |
| **Pharmaceuticals — 26.4%** | **Pharmaceuticals — 26.4%** | **Pharmaceuticals — 26.4%** |
| Galderma Group AG | &nbsp;&nbsp;&nbsp; 93066 | 12227327 |
| Novartis AG, Registered | &nbsp;&nbsp;&nbsp; 1365875 | 157661693 |
| Roche Holding AG, NVS | &nbsp;&nbsp;&nbsp; 488439 | 158228397 |
| Roche Holding AG, Bearer | &nbsp;&nbsp;&nbsp; 7625 | 2605419 |
| Sandoz Group AG | &nbsp;&nbsp;&nbsp; 344768 | 17539637 |
|  |  | 348262473 |
| **Professional Services — 1.0%** | **Professional Services — 1.0%** | **Professional Services — 1.0%** |
| SGS SA | &nbsp;&nbsp;&nbsp; 128311 | 13401217 |
| **Real Estate Management & Development — 0.8%** | **Real Estate Management & Development — 0.8%** | **Real Estate Management & Development — 0.8%** |
| Swiss Prime Site AG, Registered | &nbsp;&nbsp;&nbsp; 72891 | 10366030 |
| **Software — 0.4%** | **Software — 0.4%** | **Software — 0.4%** |
| Temenos AG, Registered | &nbsp;&nbsp;&nbsp; 63690 | 4735531 |
| **Specialty Retail — 0.4%** | **Specialty Retail — 0.4%** | **Specialty Retail — 0.4%** |
| Avolta AG, Registered | &nbsp;&nbsp;&nbsp; 101533 | 5445295 |
| **Technology Hardware, Storage & Peripherals — 0.8%** | **Technology Hardware, Storage & Peripherals — 0.8%** | **Technology Hardware, Storage & Peripherals — 0.8%** |
| Logitech International SA, Registered | &nbsp;&nbsp;&nbsp; 129324 | 10776007 |
| **Textiles, Apparel & Luxury Goods — 5.9%** | **Textiles, Apparel & Luxury Goods — 5.9%** | **Textiles, Apparel & Luxury Goods — 5.9%** |
| Cie Financiere Richemont SA, Class A, Registered | &nbsp;&nbsp;&nbsp; 382653 | 72209308 |
| Swatch Group AG (The), Bearer<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 31946 | 5389490 |
|  |  | 77598798 |
| **Total Long-Term Investments — 97.8%** <br>**(Cost: $1,140,656,765)** | **Total Long-Term Investments — 97.8%** <br>**(Cost: $1,140,656,765)** | 1288983259 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 0.6%** | **Money Market Funds — 0.6%** | **Money Market Funds — 0.6%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 4.46%<sup>(c)(d)(e)</sup><br>| &nbsp;&nbsp;&nbsp; 5326038 | 5328169 |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 4.30%<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 2000000 | 2000000 |
| **Total Short-Term Securities — 0.6%** <br>**(Cost: $7,328,169)** | **Total Short-Term Securities — 0.6%** <br>**(Cost: $7,328,169)** | 7328169 |
| **Total Investments — 98.4%** <br>**(Cost: $1,147,984,934)** | **Total Investments — 98.4%** <br>**(Cost: $1,147,984,934)** | 1296311428 |
| **Other Assets Less Liabilities — 1.6%** | **Other Assets Less Liabilities — 1.6%** | 21092870 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $1317404298 |

---

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

<sup>(a)</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>(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)

May 31, 2025

**iShares® MSCI Switzerland ETF**

**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>| &nbsp;&nbsp; *Proceeds* <br>*from Sales*<br>| *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>| $—<br> $5328169 <br><sup>(a)</sup><br>| $— | $— | $— | $5328169 | 5326038 | $91 <br><sup>(b)</sup><br>| $— |
| BlackRock Cash Funds: Treasury, SL Agency Shares | 460000<br> 1540000 <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; 2000000 | 2000000 | &nbsp;&nbsp; 11280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  | $— | $— | $7328169 |  | $11371 | $— |

---

&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; Swiss Market Index | &nbsp;&nbsp;&nbsp; 195 | 06/20/25 | &nbsp;&nbsp; $29008 | $523455 |

---

**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; $— | &nbsp;&nbsp; $1288983259 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1288983259 |
| &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; 7328169 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 7328169 |
|  | &nbsp;&nbsp; $7328169 | &nbsp;&nbsp; $1288983259 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1296311428 |

---

------

Schedule of Investments (unaudited)(continued)

May 31, 2025

**iShares® MSCI Switzerland 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; $— | &nbsp;&nbsp; $523455 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $523455 |

---

&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 Switzerland ETF

- **b. EDGAR series identifier (if any):** S000004260

- **c. LEI of Series:** 549300WB2EJ9RDFN4R78

**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:** $1337120678.75

**Total Liabilities:** $40398561.88

**Net Assets:** $1296722116.87

**Cash Not Reported:** $3718385.90

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000011964 | -0.15%               | 4.40%                | 2.13%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1827662.24              | $-12545201.52                              |
| Month 2  | $-477928.46              | $40593122.24                               |
| Month 3  | $34941.82                | $22249539.43                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Galderma Group AG                              | Galderma Group AG                                | CUSIP: 000000000<br>LEI: 89450001OK6O8ELQ4584 | Long             | EC               | CORP              | CH        |     91605 | NS      | $12035376.33  | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG         | Chocoladefabriken Lindt & Spruengli AG           | CUSIP: 000000000<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               | CORP              | CH        |        94 | NS      | $14768342.42  | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG         | Chocoladefabriken Lindt & Spruengli AG           | CUSIP: 000000000<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               | CORP              | CH        |       834 | NS      | $13428735.43  | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Straumann Holding AG                           | Straumann Holding AG                             | CUSIP: 000000000<br>LEI: 50670046ML5FVIM60Z37 | Long             | EC               | CORP              | CH        |     93365 | NS      | $12009365.25  | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Partners Group Holding AG                      | Partners Group Holding AG                        | CUSIP: 000000000<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |     17370 | NS      | $23316941.91  | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonova Holding AG                              | Sonova Holding AG                                | CUSIP: 000000000<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |     42022 | NS      | $13199222.22  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Life Holding AG                          | Swiss Life Holding AG                            | CUSIP: 000000000<br>LEI: 5493000KUC3Z24U77V93 | Long             | EC               | CORP              | CH        |     22719 | NS      | $22690341.40  | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Holcim AG                                      | Holcim AG                                        | CUSIP: 000000000<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |    387526 | NS      | $42941817.28  | 3.31%             |  |  |  | No            |                  2 | On Loan: No      |
| BKW AG                                         | BKW AG                                           | CUSIP: 000000000<br>LEI: 549300IE30SKTUO98Q38 | Long             | EC               | CORP              | CH        |     27195 | NS      | $5738629.95   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| VAT Group AG                                   | VAT Group AG                                     | CUSIP: 000000000<br>LEI: 529900MVFK7NVALR7Y83 | Long             | EC               | CORP              | CH        |     24299 | NS      | $9270338.15   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Helvetia Holding AG                            | Helvetia Holding AG                              | CUSIP: 000000000<br>LEI: 529900SUJBXTORH0LT80 | Long             | EC               | CORP              | CH        |     37559 | NS      | $8902954.28   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd                                        | ABB Ltd                                          | CUSIP: 000000000<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |    924964 | NS      | $52397048.23  | 4.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Avolta AG                                      | Avolta AG                                        | CUSIP: 000000000<br>LEI: 549300X53WDBVW7TIF57 | Long             | EC               | CORP              | CH        |    105723 | NS      | $5670008.12   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Barry Callebaut AG                             | Barry Callebaut AG                               | CUSIP: 000000000<br>LEI: 213800Y5RWKLDPUTT265 | Long             | EC               | CORP              | CH        |      4270 | NS      | $4395608.10   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                               | Roche Holding AG                                 | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |    480768 | NS      | $155743398.61 | 12.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                    | Cie Financiere Richemont SA                      | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |    376644 | NS      | $71075367.08  | 5.48%             |  |  |  | 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        |   2000000 | NS      | $2000000.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                      | Nestle SA                                        | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |   1795347 | NS      | $191270998.96 | 14.75%            |  |  |  | No            |                  2 | On Loan: No      |
| Geberit AG                                     | Geberit AG                                       | CUSIP: 000000000<br>LEI: 52990093Z5OHD6T7BS47 | Long             | EC               | CORP              | CH        |     27140 | NS      | $20271692.27  | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Sika AG                                        | Sika AG                                          | CUSIP: 000000000<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |    115509 | NS      | $30999376.57  | 2.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcon AG                                       | Alcon AG                                         | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |    376481 | NS      | $32421374.48  | 2.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Swisscom AG                                    | Swisscom AG                                      | CUSIP: 000000000<br>LEI: 5493005SL9HHOXS3B739 | Long             | EC               | CORP              | CH        |     22014 | NS      | $15142284.80  | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Schindler Holding AG                           | Schindler Holding AG                             | CUSIP: 000000000<br>LEI: 5299007DRLI319H7Q933 | Long             | EC               | CORP              | CH        |     23464 | NS      | $8069266.23   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Lonza Group AG                                 | Lonza Group AG                                   | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |     54269 | NS      | $37657546.08  | 2.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Logitech International SA                      | Logitech International SA                        | CUSIP: 000000000<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |    127293 | NS      | $10606772.90  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Julius Baer Group Ltd                          | Julius Baer Group Ltd                            | CUSIP: 000000000<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |    176544 | NS      | $11643573.61  | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandoz Group AG                                | Sandoz Group AG                                  | CUSIP: 000000000<br>LEI: 5493000JWK6XWFEUD320 | Long             | EC               | CORP              | CH        |    339353 | NS      | $17264155.46  | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Givaudan SA                                    | Givaudan SA                                      | CUSIP: 000000000<br>LEI: 213800SVRMQA1TD91D41 | Long             | EC               | CORP              | CH        |      6998 | NS      | $35193555.92  | 2.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Re AG                                    | Swiss Re AG                                      | CUSIP: 000000000<br>LEI: 529900PS9YW3YY29F326 | Long             | EC               | CORP              | CH        |    226323 | NS      | $39989850.98  | 3.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                      | Zurich Insurance Group AG                        | CUSIP: 000000000<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |     85897 | NS      | $60251382.53  | 4.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                               | Roche Holding AG                                 | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |      7508 | NS      | $2565440.35   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                   | UBS Group AG                                     | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |   1586078 | NS      | $50596734.24  | 3.90%             |  |  |  | No            |                  2 | On Loan: No      |
| EMS-Chemie Holding AG                          | EMS-Chemie Holding AG                            | CUSIP: 000000000<br>LEI: 529900G1XFTGSE0DIX60 | Long             | EC               | CORP              | CH        |      7796 | NS      | $5924225.87   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Schindler Holding AG                           | Schindler Holding AG                             | CUSIP: 000000000<br>LEI: 5299007DRLI319H7Q933 | Long             | EC               | CORP              | CH        |     35507 | NS      | $12652653.68  | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuehne + Nagel International AG                | Kuehne + Nagel International AG                  | CUSIP: 000000000<br>LEI: 529900Q0YED3805QXQ66 | Long             | EC               | CORP              | CH        |     42992 | NS      | $9673910.55   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Baloise Holding AG                             | Baloise Holding AG                               | CUSIP: 000000000<br>LEI: 529900G5XKBZN48T6283 | Long             | EC               | CORP              | CH        |     40185 | NS      | $9536829.39   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| SGS SA                                         | SGS SA                                           | CUSIP: 000000000<br>LEI: 2138007JNS19JHNA2336 | Long             | EC               | CORP              | CH        |    126298 | NS      | $13190973.17  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SIG Group AG                                   | SIG Group AG                                     | CUSIP: 000000000<br>LEI: 5493004Z6P7TSVB1L042 | Long             | EC               | CORP              | CH        |    306774 | NS      | $6272654.20   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                    | Novartis AG                                      | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |   1344422 | NS      | $155185393.22 | 11.97%            |  |  |  | No            |                  2 | On Loan: No      |
| Temenos AG                                     | Temenos AG                                       | CUSIP: 000000000<br>LEI: 5067007NW6550481FH64 | Long             | EC               | CORP              | CH        |     62691 | NS      | $4661252.42   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Prime Site AG                            | Swiss Prime Site AG                              | CUSIP: 000000000<br>LEI: 506700XI9H64OPR34158 | Long             | EC               | CORP              | CH        |     71748 | NS      | $10203480.80  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Swatch Group AG/The                            | Swatch Group AG/The                              | CUSIP: 000000000<br>LEI: 529900NTES2LEON1JZ55 | Long             | EC               | CORP              | CH        |     31445 | NS      | $5304968.27   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Banque Cantonale Vaudoise                      | Banque Cantonale Vaudoise                        | CUSIP: 000000000<br>LEI: K1MOBB3OPSBBQO554R76 | Long             | EC               | CORP              | CH        |     40646 | NS      | $4709133.50   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                              | SWISS MKT IX FUTR JUN25                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       191 | NC      | $524343.55    | 0.04%             |  |  |  | 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