|
Security
|
Shares
|
Value
|
|
Common Stocks
|
||
|
Brazil — 1.8%
|
||
|
B3 SA - Brasil Bolsa Balcao
|
40,586
|
$98,990
|
|
CPFL Energia SA
|
1,821
|
12,891
|
|
Energisa SA
|
2,123
|
17,631
|
|
Engie Brasil Energia SA
|
1,492
|
10,711
|
|
Equatorial Energia SA
|
9,235
|
59,177
|
|
Klabin SA
|
6,548
|
20,962
|
|
Localiza Rent a Car SA
|
7,134
|
53,585
|
|
Motiva Infraestrutura de Mobilidade SA
|
7,873
|
18,556
|
|
Natura & Co. Holding SA(a)
|
7,223
|
13,222
|
|
PRIO SA(a)
|
6,601
|
44,953
|
|
Raia Drogasil SA
|
10,052
|
26,099
|
|
Rede D'Or Sao Luiz SA(b)
|
6,212
|
41,033
|
|
Rumo SA
|
9,761
|
32,119
|
|
TIM SA/Brazil
|
6,582
|
22,429
|
|
TOTVS SA
|
4,092
|
30,199
|
|
Ultrapar Participacoes SA
|
5,632
|
16,041
|
|
|
|
518,598
|
|
Chile — 0.4%
|
||
|
Empresas CMPC SA
|
8,896
|
14,197
|
|
Empresas Copec SA
|
2,855
|
19,614
|
|
Enel Americas SA
|
166,343
|
15,510
|
|
Enel Chile SA
|
214,492
|
15,551
|
|
Falabella SA
|
4,893
|
23,346
|
|
Latam Airlines Group SA
|
1,640,116
|
31,202
|
|
|
|
119,420
|
|
China — 32.3%
|
||
|
37 Interactive Entertainment Network Technology Group
Co. Ltd., Class A
|
1,100
|
2,230
|
|
Agricultural Bank of China Ltd., Class A
|
38,800
|
29,738
|
|
Agricultural Bank of China Ltd., Class H
|
214,000
|
137,119
|
|
Aier Eye Hospital Group Co. Ltd., Class A
|
4,700
|
8,061
|
|
Air China Ltd., Class A(a)
|
5,600
|
6,220
|
|
Alibaba Group Holding Ltd.
|
91,716
|
1,305,835
|
|
Alibaba Health Information Technology Ltd.(a)(c)
|
46,000
|
26,287
|
|
Angel Yeast Co. Ltd., Class A
|
500
|
2,638
|
|
Anhui Conch Cement Co. Ltd., Class A
|
1,700
|
5,464
|
|
Anhui Conch Cement Co. Ltd., Class H
|
9,500
|
24,688
|
|
Baidu Inc., Class A(a)
|
17,250
|
177,056
|
|
Beijing Enterprises Water Group Ltd.
|
32,000
|
10,523
|
|
Beijing Oriental Yuhong Waterproof Technology Co. Ltd.,
Class A
|
700
|
1,081
|
|
Beijing Tong Ren Tang Co. Ltd., Class A
|
500
|
2,628
|
|
Bilibili Inc., Class Z(a)(c)
|
1,820
|
33,368
|
|
BOC Aviation Ltd.(b)
|
1,700
|
13,729
|
|
Bosideng International Holdings Ltd.
|
38,000
|
21,224
|
|
BYD Co. Ltd., Class A
|
800
|
38,888
|
|
BYD Co. Ltd., Class H(c)
|
9,500
|
472,131
|
|
China Construction Bank Corp., Class A
|
4,000
|
5,004
|
|
China Construction Bank Corp., Class H
|
746,000
|
666,981
|
|
China Feihe Ltd.(b)
|
28,000
|
21,640
|
|
China Jushi Co. Ltd., Class A
|
2,278
|
3,563
|
|
China Literature Ltd.(a)(b)
|
3,000
|
10,200
|
|
China Mengniu Dairy Co. Ltd.
|
24,000
|
53,627
|
|
China Merchants Bank Co. Ltd., Class A
|
9,558
|
57,397
|
|
China Merchants Bank Co. Ltd., Class H
|
30,500
|
188,835
|
|
China Merchants Port Holdings Co. Ltd.
|
10,000
|
19,334
|
|
China Merchants Shekou Industrial Zone Holdings Co.
Ltd., Class A
|
4,300
|
5,165
|
|
China Minsheng Banking Corp. Ltd., Class A
|
14,700
|
8,856
|
|
China Minsheng Banking Corp. Ltd., Class H
|
52,000
|
26,697
|
|
Security
|
Shares
|
Value
|
|
China (continued)
|
||
|
China National Building Material Co. Ltd., Class H
|
26,757
|
$11,903
|
|
China Overseas Land & Investment Ltd.
|
29,500
|
49,287
|
|
China Resources Gas Group Ltd.
|
7,300
|
19,382
|
|
China Resources Land Ltd.
|
24,500
|
79,362
|
|
China Resources Pharmaceutical Group Ltd.(b)
|
15,500
|
10,165
|
|
China Resources Sanjiu Medical & Pharmaceutical Co.
Ltd., Class A
|
580
|
3,450
|
|
China Ruyi Holdings Ltd.(a)
|
68,000
|
17,778
|
|
China Southern Airlines Co. Ltd., Class A(a)
|
5,500
|
4,641
|
|
China Three Gorges Renewables Group Co. Ltd.,
Class A
|
12,600
|
7,491
|
|
China Tourism Group Duty Free Corp. Ltd., Class A
|
800
|
6,696
|
|
China Vanke Co. Ltd., Class A(a)
|
4,200
|
3,855
|
|
China Vanke Co. Ltd., Class H(a)
|
16,100
|
10,464
|
|
China Yangtze Power Co. Ltd., Class A
|
11,300
|
47,323
|
|
Chongqing Zhifei Biological Products Co. Ltd., Class A
|
1,100
|
2,912
|
|
Chow Tai Fook Jewellery Group Ltd.
|
15,400
|
21,862
|
|
CITIC Ltd.
|
31,000
|
38,988
|
|
CMOC Group Ltd., Class A
|
8,500
|
8,452
|
|
CMOC Group Ltd., Class H
|
27,000
|
21,522
|
|
CNGR Advanced Material Co. Ltd., Class A
|
560
|
2,405
|
|
Contemporary Amperex Technology Co. Ltd., Class A
|
2,040
|
70,351
|
|
CSPC Innovation Pharmaceutical Co. Ltd., Class A
|
740
|
5,310
|
|
CSPC Pharmaceutical Group Ltd.
|
63,360
|
65,236
|
|
ENN Energy Holdings Ltd.
|
6,100
|
48,367
|
|
ENN Natural Gas Co. Ltd., Class A
|
1,150
|
3,022
|
|
Eve Energy Co. Ltd., Class A
|
1,000
|
6,227
|
|
Fosun International Ltd.
|
19,000
|
11,088
|
|
Ganfeng Lithium Group Co. Ltd., Class A
|
800
|
3,332
|
|
Geely Automobile Holdings Ltd.
|
47,000
|
104,754
|
|
GEM Co. Ltd., Class A
|
2,800
|
2,349
|
|
Genscript Biotech Corp.(a)(c)
|
10,000
|
16,322
|
|
Goldwind Science & Technology Co. Ltd., Class A
|
2,000
|
2,560
|
|
Great Wall Motor Co. Ltd., Class A
|
1,100
|
3,429
|
|
Great Wall Motor Co. Ltd., Class H
|
17,500
|
27,006
|
|
Guangzhou Baiyunshan Pharmaceutical Holdings Co.
Ltd., Class A
|
700
|
2,622
|
|
Guangzhou Tinci Materials Technology Co. Ltd., Class A
|
900
|
2,092
|
|
Guotai Haitong Securities Co. Ltd.
|
6,600
|
15,677
|
|
Guotai Haitong Securities Co. Ltd., Class H(b)
|
15,000
|
21,159
|
|
H World Group Ltd., ADR
|
1,555
|
54,845
|
|
Haier Smart Home Co. Ltd., Class A
|
2,700
|
9,350
|
|
Haier Smart Home Co. Ltd., Class A
|
18,800
|
54,750
|
|
Haitian International Holdings Ltd.
|
4,000
|
9,726
|
|
Hangzhou Tigermed Consulting Co. Ltd., Class A
|
200
|
1,370
|
|
Hansoh Pharmaceutical Group Co. Ltd.(b)
|
10,000
|
32,862
|
|
Henan Shuanghui Investment & Development Co. Ltd.,
Class A
|
1,600
|
5,399
|
|
Huadong Medicine Co. Ltd., Class A
|
900
|
5,566
|
|
Huatai Securities Co. Ltd., Class A
|
3,400
|
7,873
|
|
Huatai Securities Co. Ltd., Class H(b)
|
10,200
|
17,105
|
|
Imeik Technology Development Co. Ltd., Class A
|
240
|
5,630
|
|
Industrial & Commercial Bank of China Ltd., Class A
|
29,300
|
28,698
|
|
Industrial & Commercial Bank of China Ltd., Class H
|
505,000
|
366,263
|
|
Industrial Bank Co. Ltd., Class A
|
9,400
|
29,456
|
|
Inner Mongolia Yili Industrial Group Co. Ltd., Class A
|
3,000
|
12,560
|
|
Innovent Biologics Inc.(a)(b)
|
9,500
|
74,961
|
|
JD Health International Inc.(a)(b)
|
8,700
|
44,082
|
|
JD Logistics Inc.(a)(b)
|
15,800
|
24,865
|
|
JD.com Inc., Class A
|
18,900
|
305,861
|
|
Jiangsu Eastern Shenghong Co. Ltd., Class A
|
3,000
|
3,533
|
|
Jiangsu Expressway Co. Ltd., Class H
|
10,000
|
12,730
|
|
Security
|
Shares
|
Value
|
|
China (continued)
|
||
|
Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A
|
3,000
|
$22,687
|
|
Kanzhun Ltd., ADR(a)
|
2,263
|
38,380
|
|
KE Holdings Inc., ADR
|
5,191
|
95,826
|
|
KE Holdings Inc., Class A
|
600
|
3,736
|
|
Kingdee International Software Group Co. Ltd.(a)
|
23,000
|
35,796
|
|
Kingsoft Corp. Ltd.
|
7,000
|
29,682
|
|
Kuaishou Technology(a)(b)
|
20,800
|
139,822
|
|
Kuang-Chi Technologies Co. Ltd., Class A
|
900
|
5,530
|
|
Kunlun Energy Co. Ltd.
|
30,000
|
29,969
|
|
Lenovo Group Ltd.
|
62,000
|
70,780
|
|
Li Auto Inc., Class A(a)
|
9,704
|
138,157
|
|
Longfor Group Holdings Ltd.(b)
|
16,000
|
19,874
|
|
MINISO Group Holding Ltd.
|
3,568
|
15,211
|
|
NetEase Inc.
|
13,500
|
326,406
|
|
NIO Inc., Class A(a)
|
12,191
|
42,997
|
|
Nongfu Spring Co. Ltd., Class H(b)
|
15,600
|
75,797
|
|
Orient Overseas International Ltd.
|
1,000
|
17,190
|
|
Orient Securities Co. Ltd., Class A
|
3,700
|
4,774
|
|
Pharmaron Beijing Co. Ltd., Class A
|
800
|
2,633
|
|
Pop Mart International Group Ltd.(b)
|
4,200
|
117,382
|
|
Postal Savings Bank of China Co. Ltd., Class H(b)
|
68,000
|
44,095
|
|
Rongsheng Petrochemical Co. Ltd., Class A
|
4,700
|
5,588
|
|
Seres Group Co. Ltd., Class A, NVS
|
800
|
15,012
|
|
SF Holding Co. Ltd., Class A
|
2,300
|
14,680
|
|
Shandong Nanshan Aluminum Co. Ltd., Class A
|
6,700
|
3,477
|
|
Shandong Weigao Group Medical Polymer Co. Ltd.,
Class H
|
19,200
|
13,737
|
|
Shanghai Electric Group Co. Ltd., Class A(a)
|
5,800
|
5,954
|
|
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A
|
1,000
|
3,510
|
|
Shanghai M&G Stationery Inc., Class A
|
500
|
2,040
|
|
Shanghai Pharmaceuticals Holding Co. Ltd., Class A
|
1,300
|
3,317
|
|
Shanghai Putailai New Energy Technology Co. Ltd.,
Class A
|
900
|
1,947
|
|
Shenzhen Inovance Technology Co. Ltd., Class A
|
650
|
5,908
|
|
Shenzhen Mindray Bio-Medical Electronics Co. Ltd.,
Class A
|
600
|
18,710
|
|
Shenzhen New Industries Biomedical Engineering Co.
Ltd., Class A
|
300
|
2,489
|
|
Shenzhou International Group Holdings Ltd.
|
6,400
|
46,283
|
|
Sichuan Kelun Pharmaceutical Co. Ltd., Class A
|
900
|
4,802
|
|
Sino Biopharmaceutical Ltd.
|
78,000
|
43,997
|
|
Sinopharm Group Co. Ltd., Class H
|
10,400
|
25,071
|
|
Sinotruk Hong Kong Ltd.
|
5,000
|
12,598
|
|
Sungrow Power Supply Co. Ltd., Class A
|
1,060
|
8,850
|
|
Sunny Optical Technology Group Co. Ltd.
|
5,500
|
41,990
|
|
Sunwoda Electronic Co. Ltd., Class A
|
1,300
|
3,325
|
|
Tencent Holdings Ltd.
|
21,500
|
1,355,416
|
|
Tianqi Lithium Corp., Class A
|
700
|
2,796
|
|
Tongcheng Travel Holdings Ltd.
|
10,400
|
29,224
|
|
Trip.com Group Ltd.
|
4,800
|
300,289
|
|
Vipshop Holdings Ltd., ADR
|
2,541
|
35,040
|
|
Wanhua Chemical Group Co. Ltd., Class A
|
1,500
|
11,232
|
|
Want Want China Holdings Ltd.
|
37,000
|
23,743
|
|
Weichai Power Co. Ltd., Class A
|
2,900
|
6,026
|
|
Weichai Power Co. Ltd., Class H
|
15,000
|
29,206
|
|
Western Mining Co. Ltd., Class A
|
1,100
|
2,399
|
|
WuXi AppTec Co. Ltd., Class A
|
992
|
8,702
|
|
WuXi AppTec Co. Ltd., Class H(b)
|
2,400
|
20,913
|
|
Wuxi Biologics Cayman Inc.(a)(b)
|
27,000
|
85,278
|
|
Xiamen Tungsten Co. Ltd., Class A
|
500
|
1,342
|
|
XPeng Inc., Class A(a)
|
9,600
|
93,003
|
|
Yadea Group Holdings Ltd.(b)
|
10,000
|
15,231
|
|
Security
|
Shares
|
Value
|
|
China (continued)
|
||
|
Yantai Jereh Oilfield Services Group Co. Ltd., Class A
|
600
|
$2,868
|
|
Yifeng Pharmacy Chain Co. Ltd., Class A
|
600
|
2,162
|
|
Yihai Kerry Arawana Holdings Co. Ltd., Class A
|
700
|
2,937
|
|
Yum China Holdings Inc.
|
2,907
|
126,891
|
|
Yunnan Baiyao Group Co. Ltd., Class A
|
740
|
5,789
|
|
Yunnan Chihong Zinc&Germanium Co. Ltd., Class A
|
3,100
|
2,198
|
|
Zangge Mining Co. Ltd., Class A
|
700
|
3,510
|
|
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd.,
Class A
|
300
|
8,467
|
|
Zhejiang Expressway Co. Ltd., Class H
|
12,840
|
10,159
|
|
Zhejiang Leapmotor Technology Co. Ltd.(a)(b)
|
3,800
|
26,668
|
|
Zhejiang NHU Co. Ltd., Class A
|
1,400
|
4,255
|
|
Zoomlion Heavy Industry Science and Technology Co.
Ltd., Class A
|
2,600
|
2,567
|
|
ZTO Express Cayman Inc.
|
3,182
|
56,261
|
|
|
|
9,107,114
|
|
Colombia — 0.1%
|
||
|
Grupo Cibest SA
|
1,865
|
21,904
|
|
Interconexion Electrica SA ESP
|
3,439
|
15,991
|
|
|
|
37,895
|
|
Czech Republic — 0.2%
|
||
|
Komercni Banka AS
|
606
|
28,046
|
|
Moneta Money Bank AS(b)
|
2,025
|
13,260
|
|
|
|
41,306
|
|
Egypt — 0.1%
|
||
|
Commercial International Bank - Egypt (CIB)
|
17,431
|
29,022
|
|
Greece — 1.1%
|
||
|
Alpha Services and Holdings SA
|
16,790
|
53,880
|
|
Eurobank Ergasias Services and Holdings SA, Class A
|
19,953
|
61,456
|
|
Hellenic Telecommunications Organization SA
|
1,302
|
25,107
|
|
Metlen Energy & Metals SA
|
775
|
39,298
|
|
National Bank of Greece SA
|
6,737
|
80,222
|
|
Piraeus Financial Holdings SA
|
8,240
|
54,894
|
|
|
|
314,857
|
|
Hong Kong — 0.4%
|
||
|
BeOne Medicines Ltd.(a)
|
6,500
|
123,967
|
|
Hungary — 0.1%
|
||
|
MOL Hungarian Oil & Gas PLC
|
3,077
|
26,607
|
|
India — 19.2%
|
||
|
ABB India Ltd.
|
411
|
28,711
|
|
APL Apollo Tubes Ltd.
|
1,414
|
29,950
|
|
Ashok Leyland Ltd.
|
11,116
|
30,688
|
|
Asian Paints Ltd.
|
2,975
|
78,601
|
|
Astral Ltd.
|
997
|
17,467
|
|
AU Small Finance Bank Ltd.(b)
|
2,858
|
23,179
|
|
Axis Bank Ltd.
|
17,770
|
247,933
|
|
Balkrishna Industries Ltd.
|
572
|
16,557
|
|
Britannia Industries Ltd.
|
840
|
54,107
|
|
Cipla Ltd.
|
4,383
|
75,178
|
|
Colgate-Palmolive India Ltd.
|
1,030
|
29,594
|
|
Coromandel International Ltd.
|
914
|
24,486
|
|
Dabur India Ltd.
|
4,078
|
23,036
|
|
Eicher Motors Ltd.
|
1,063
|
66,344
|
|
Eternal Ltd.(a)
|
37,408
|
104,192
|
|
GAIL India Ltd.
|
17,394
|
38,657
|
|
GMR Airports Infrastructure Ltd.(a)
|
20,630
|
20,309
|
|
Grasim Industries Ltd.
|
2,110
|
62,845
|
|
Havells India Ltd.
|
1,944
|
34,708
|
|
HCL Technologies Ltd.
|
7,363
|
140,938
|
|
Security
|
Shares
|
Value
|
|
India (continued)
|
||
|
HDFC Bank Ltd.
|
43,900
|
$1,001,800
|
|
Hero MotoCorp Ltd.
|
930
|
46,861
|
|
Hindalco Industries Ltd.
|
10,453
|
77,554
|
|
Hindustan Unilever Ltd.
|
6,376
|
175,162
|
|
ICICI Prudential Life Insurance Co. Ltd.(b)
|
2,655
|
20,546
|
|
Indian Hotels Co. Ltd., Class A
|
6,621
|
59,647
|
|
Info Edge India Ltd.
|
2,763
|
46,147
|
|
Infosys Ltd.
|
25,759
|
470,740
|
|
InterGlobe Aviation Ltd.(a)(b)
|
1,468
|
91,623
|
|
Jindal Stainless Ltd.
|
2,555
|
19,293
|
|
Kotak Mahindra Bank Ltd.
|
8,478
|
205,809
|
|
Macrotech Developers Ltd.
|
2,320
|
38,741
|
|
Mahindra & Mahindra Ltd.
|
7,231
|
251,847
|
|
Marico Ltd.
|
4,037
|
33,823
|
|
Max Healthcare Institute Ltd.
|
6,029
|
79,274
|
|
Nestle India Ltd., NVS
|
2,616
|
73,311
|
|
NHPC Ltd., NVS
|
23,979
|
24,529
|
|
PI Industries Ltd.
|
593
|
26,511
|
|
Pidilite Industries Ltd.
|
1,183
|
42,985
|
|
Power Grid Corp. of India Ltd.
|
36,053
|
122,258
|
|
Reliance Industries Ltd.
|
47,211
|
785,219
|
|
Siemens Energy India Ltd., NVS
|
661
|
19,142
|
|
Siemens Ltd.
|
691
|
26,406
|
|
Sona Blw Precision Forgings Ltd.(b)
|
3,424
|
21,793
|
|
Supreme Industries Ltd.
|
492
|
23,864
|
|
Suzlon Energy Ltd.(a)
|
74,069
|
62,043
|
|
Tata Consumer Products Ltd.
|
4,603
|
59,561
|
|
Thermax Ltd.
|
293
|
11,621
|
|
Torrent Pharmaceuticals Ltd.
|
924
|
34,326
|
|
Torrent Power Ltd.
|
1,316
|
21,161
|
|
Trent Ltd.
|
1,406
|
92,859
|
|
TVS Motor Co. Ltd.
|
1,842
|
59,915
|
|
Union Bank of India Ltd.
|
12,027
|
20,659
|
|
UPL Ltd.
|
3,492
|
25,669
|
|
Vedanta Ltd.
|
10,611
|
54,125
|
|
Voltas Ltd.
|
1,795
|
26,513
|
|
|
|
5,400,817
|
|
Indonesia — 0.6%
|
||
|
Amman Mineral Internasional PT(a)
|
49,200
|
20,912
|
|
Barito Pacific Tbk PT
|
171,676
|
13,250
|
|
Chandra Asri Pacific Tbk PT
|
67,000
|
38,409
|
|
Kalbe Farma Tbk PT
|
163,500
|
15,188
|
|
Telkom Indonesia Persero Tbk PT
|
384,000
|
66,383
|
|
|
|
154,142
|
|
Kuwait — 0.7%
|
||
|
Kuwait Finance House KSCP
|
85,949
|
209,926
|
|
Malaysia — 2.3%
|
||
|
AMMB Holdings Bhd
|
19,300
|
23,753
|
|
Axiata Group Bhd
|
21,000
|
10,111
|
|
CELCOMDIGI Bhd
|
27,100
|
23,684
|
|
CIMB Group Holdings Bhd
|
62,500
|
101,809
|
|
Gamuda Bhd(c)
|
35,800
|
38,438
|
|
IHH Healthcare Bhd
|
17,100
|
27,720
|
|
Malayan Banking Bhd
|
42,100
|
96,752
|
|
Maxis Bhd
|
18,100
|
15,012
|
|
MR DIY Group M Bhd(b)(c)
|
23,000
|
8,536
|
|
Nestle Malaysia Bhd
|
600
|
11,074
|
|
Petronas Chemicals Group Bhd
|
21,900
|
17,619
|
|
Petronas Dagangan Bhd
|
2,300
|
10,634
|
|
Petronas Gas Bhd
|
6,100
|
25,738
|
|
PPB Group Bhd
|
4,900
|
12,966
|
|
Security
|
Shares
|
Value
|
|
Malaysia (continued)
|
||
|
Press Metal Aluminium Holdings Bhd(c)
|
28,800
|
$34,098
|
|
Public Bank Bhd
|
112,800
|
114,259
|
|
Sime Darby Bhd(c)
|
21,100
|
8,421
|
|
Sunway Bhd
|
19,300
|
21,512
|
|
Telekom Malaysia Bhd
|
8,800
|
13,485
|
|
YTL Corp. Bhd
|
27,300
|
11,654
|
|
YTL Power International Bhd
|
18,900
|
14,188
|
|
|
|
641,463
|
|
Mexico — 2.9%
|
||
|
America Movil SAB de CV, Series B, Class B
|
141,241
|
119,351
|
|
Cemex SAB de CV, NVS
|
117,492
|
80,444
|
|
Fibra Uno Administracion SA de CV
|
21,246
|
29,893
|
|
Fomento Economico Mexicano SAB de CV
|
13,525
|
143,890
|
|
Grupo Aeroportuario del Pacifico SAB de CV, Class B
|
2,997
|
68,905
|
|
Grupo Aeroportuario del Sureste SAB de CV, Class B
|
1,396
|
44,800
|
|
Grupo Bimbo SAB de CV, Series A, Class A
|
9,971
|
27,868
|
|
Grupo Financiero Banorte SAB de CV, Class O
|
19,629
|
173,520
|
|
Wal-Mart de Mexico SAB de CV
|
40,577
|
133,262
|
|
|
|
821,933
|
|
Peru — 0.4%
|
||
|
Credicorp Ltd.
|
523
|
110,777
|
|
Philippines — 0.2%
|
||
|
Ayala Corp.
|
1,890
|
19,659
|
|
SM Investments Corp.
|
1,710
|
25,591
|
|
|
|
45,250
|
|
Poland — 1.5%
|
||
|
Allegro.eu SA (a)(b)
|
4,916
|
45,228
|
|
Budimex SA
|
99
|
16,515
|
|
CCC SA(a)
|
418
|
24,377
|
|
KGHM Polska Miedz SA
|
1,059
|
34,703
|
|
mBank SA(a)
|
111
|
24,319
|
|
ORLEN SA
|
4,500
|
88,423
|
|
Powszechna Kasa Oszczednosci Bank Polski SA
|
6,784
|
136,495
|
|
Santander Bank Polska SA
|
317
|
42,420
|
|
Zabka Group SA(a)
|
2,326
|
14,060
|
|
|
|
426,540
|
|
Qatar — 0.8%
|
||
|
Qatar Fuel QSC
|
5,016
|
20,657
|
|
Qatar Gas Transport Co. Ltd.
|
21,476
|
28,227
|
|
Qatar National Bank QPSC
|
35,804
|
166,366
|
|
|
|
215,250
|
|
Russia — 0.0%
|
||
|
Mobile TeleSystems PJSC(a)(d)
|
18,946
|
3
|
|
Moscow Exchange MICEX-RTS PJSC(a)(d)
|
30,360
|
4
|
|
PhosAgro PJSC(a)(d)
|
18
|
—
|
|
Polyus PJSC(a)(d)
|
6,980
|
—
|
|
|
|
7
|
|
Saudi Arabia — 2.6%
|
||
|
ACWA Power Co.
|
1,136
|
78,210
|
|
Alinma Bank
|
9,497
|
65,422
|
|
Arabian Internet & Communications Services Co.
|
191
|
13,397
|
|
Dr Sulaiman Al Habib Medical Services Group Co.
|
678
|
47,255
|
|
Etihad Etisalat Co.
|
2,925
|
46,467
|
|
SABIC Agri-Nutrients Co.
|
1,808
|
46,171
|
|
Saudi Arabian Oil Co.(b)
|
46,904
|
312,245
|
|
Saudi Basic Industries Corp.
|
6,977
|
103,586
|
|
Saudi Electricity Co.
|
6,643
|
25,034
|
|
|
|
737,787
|
|
Security
|
Shares
|
Value
|
|
South Africa — 6.1%
|
||
|
Absa Group Ltd.
|
6,587
|
$63,528
|
|
Aspen Pharmacare Holdings Ltd.
|
2,870
|
19,335
|
|
Bid Corp. Ltd.
|
2,612
|
69,187
|
|
Bidvest Group Ltd. (The)
|
2,532
|
34,353
|
|
Capitec Bank Holdings Ltd.
|
675
|
129,345
|
|
Clicks Group Ltd.
|
1,774
|
38,295
|
|
Discovery Ltd.
|
4,216
|
51,129
|
|
FirstRand Ltd.
|
39,140
|
162,357
|
|
Gold Fields Ltd.
|
6,939
|
158,580
|
|
Impala Platinum Holdings Ltd.(a)
|
7,011
|
50,401
|
|
Kumba Iron Ore Ltd.
|
485
|
7,947
|
|
MTN Group Ltd.
|
13,147
|
91,510
|
|
Naspers Ltd., Class N
|
1,275
|
366,355
|
|
Nedbank Group Ltd.
|
3,593
|
51,050
|
|
NEPI Rockcastle NV
|
4,588
|
35,283
|
|
Old Mutual Ltd.
|
35,760
|
23,207
|
|
Sanlam Ltd.
|
13,952
|
68,757
|
|
Sasol Ltd.(a)
|
4,487
|
20,249
|
|
Shoprite Holdings Ltd.
|
3,897
|
63,331
|
|
Standard Bank Group Ltd.
|
10,228
|
132,678
|
|
Valterra Platinum Ltd.(c)
|
720
|
28,278
|
|
Vodacom Group Ltd.
|
4,739
|
36,357
|
|
Woolworths Holdings Ltd./South Africa
|
7,177
|
23,388
|
|
|
|
1,724,900
|
|
South Korea — 6.6%
|
||
|
Amorepacific Corp.
|
233
|
22,557
|
|
CJ CheilJedang Corp.
|
63
|
10,551
|
|
Coway Co. Ltd.
|
407
|
26,172
|
|
Doosan Bobcat Inc.
|
414
|
14,072
|
|
Doosan Enerbility Co. Ltd.(a)
|
3,476
|
101,465
|
|
Hana Financial Group Inc.
|
2,227
|
117,127
|
|
Hanjin Kal Corp.
|
183
|
18,674
|
|
Hanwha Systems Co. Ltd.
|
586
|
19,270
|
|
HD Hyundai Co. Ltd.
|
330
|
26,660
|
|
HD Hyundai Electric Co. Ltd.
|
182
|
49,831
|
|
HMM Co. Ltd.
|
2,001
|
30,866
|
|
HYBE Co. Ltd.
|
174
|
33,558
|
|
Hyundai Glovis Co. Ltd.
|
280
|
22,977
|
|
Kakao Corp.
|
2,409
|
74,432
|
|
KakaoBank Corp.
|
1,285
|
21,846
|
|
KB Financial Group Inc.
|
2,898
|
218,057
|
|
Korea Zinc Co. Ltd.
|
31
|
16,344
|
|
Korean Air Lines Co. Ltd.
|
1,434
|
23,361
|
|
Krafton Inc.(a)
|
223
|
59,564
|
|
LG Chem Ltd.
|
383
|
54,650
|
|
LG Corp.
|
671
|
34,469
|
|
LG Electronics Inc.
|
825
|
42,432
|
|
LG Energy Solution Ltd.(a)
|
363
|
75,143
|
|
LG H&H Co. Ltd.(c)
|
72
|
16,976
|
|
LG Uplus Corp.
|
1,737
|
16,091
|
|
LS Electric Co. Ltd.
|
116
|
21,179
|
|
Mirae Asset Securities Co. Ltd.(c)
|
1,784
|
20,071
|
|
NAVER Corp.
|
1,105
|
149,737
|
|
POSCO Future M Co. Ltd.(a)
|
240
|
20,261
|
|
Samsung C&T Corp.
|
665
|
72,077
|
|
Samsung SDI Co. Ltd.
|
58
|
7,092
|
|
Shinhan Financial Group Co. Ltd.
|
3,318
|
138,782
|
|
SK Biopharmaceuticals Co. Ltd.(a)
|
232
|
15,635
|
|
SK Inc.
|
273
|
32,326
|
|
SK Innovation Co. Ltd.
|
507
|
32,849
|
|
SK Square Co. Ltd.(a)
|
725
|
59,966
|
|
SK Telecom Co. Ltd.
|
434
|
16,179
|
|
Security
|
Shares
|
Value
|
|
South Korea (continued)
|
||
|
SKC Co. Ltd.(a)
|
142
|
$9,143
|
|
Woori Financial Group Inc.
|
5,181
|
72,295
|
|
Yuhan Corp.
|
421
|
31,824
|
|
|
|
1,846,561
|
|
Taiwan — 13.4%
|
||
|
Acer Inc.
|
23,000
|
26,326
|
|
Airtac International Group
|
1,000
|
30,685
|
|
Cathay Financial Holding Co. Ltd.
|
73,650
|
145,694
|
|
Chailease Holding Co. Ltd.
|
11,472
|
46,085
|
|
China Airlines Ltd.
|
22,000
|
16,100
|
|
China Steel Corp.
|
89,000
|
58,394
|
|
Chunghwa Telecom Co. Ltd.
|
29,000
|
125,069
|
|
CTBC Financial Holding Co. Ltd.
|
130,000
|
175,490
|
|
Delta Electronics Inc.
|
15,000
|
184,326
|
|
E.Sun Financial Holding Co. Ltd.
|
112,022
|
110,793
|
|
Eva Airways Corp.
|
20,000
|
27,021
|
|
Evergreen Marine Corp. Taiwan Ltd.
|
8,800
|
71,096
|
|
Far Eastern New Century Corp.
|
24,000
|
26,128
|
|
Far EasTone Telecommunications Co. Ltd.
|
13,000
|
37,330
|
|
First Financial Holding Co. Ltd.
|
86,739
|
77,861
|
|
Fortune Electric Co. Ltd.
|
1,000
|
15,001
|
|
Fubon Financial Holding Co. Ltd.
|
63,393
|
167,109
|
|
Hotai Motor Co. Ltd.
|
2,100
|
44,432
|
|
Hua Nan Financial Holdings Co. Ltd.
|
69,536
|
60,839
|
|
Lite-On Technology Corp.
|
16,000
|
53,454
|
|
Mega Financial Holding Co. Ltd.
|
91,667
|
120,898
|
|
Nan Ya Plastics Corp.
|
39,000
|
36,978
|
|
PharmaEssentia Corp.(a)
|
2,000
|
33,000
|
|
President Chain Store Corp.
|
5,000
|
42,578
|
|
Shanghai Commercial & Savings Bank Ltd. (The)
|
29,000
|
44,892
|
|
Shin Kong Financial Holding Co. Ltd.(a)
|
117,000
|
46,748
|
|
SinoPac Financial Holdings Co. Ltd.
|
83,490
|
63,510
|
|
Taishin Financial Holding Co. Ltd.
|
90,976
|
51,777
|
|
Taiwan Cooperative Financial Holding Co. Ltd.
|
82,354
|
65,821
|
|
Taiwan High Speed Rail Corp.
|
17,000
|
15,518
|
|
Taiwan Mobile Co. Ltd.
|
13,000
|
49,303
|
|
Taiwan Semiconductor Manufacturing Co. Ltd.
|
44,000
|
1,403,337
|
|
Uni-President Enterprises Corp.
|
36,000
|
95,186
|
|
United Microelectronics Corp.
|
88,000
|
135,495
|
|
Voltronic Power Technology Corp.
|
893
|
39,795
|
|
Wan Hai Lines Ltd.
|
5,260
|
18,814
|
|
|
|
3,762,883
|
|
Thailand — 1.5%
|
||
|
Advanced Info Service PCL, NVDR
|
8,700
|
75,671
|
|
Airports of Thailand PCL, NVDR(c)
|
31,900
|
32,253
|
|
Bangkok Dusit Medical Services PCL, NVDR
|
83,700
|
54,735
|
|
Bumrungrad Hospital PCL, NVDR
|
4,700
|
20,016
|
|
Charoen Pokphand Foods PCL, NVDR
|
29,400
|
21,912
|
|
CP ALL PCL, NVDR
|
41,800
|
59,742
|
|
Gulf Development PCL(a)
|
34,745
|
47,628
|
|
Home Product Center PCL, NVDR
|
46,600
|
10,909
|
|
Kasikornbank PCL, NVDR
|
4,700
|
22,045
|
|
Minor International PCL, NVDR(c)
|
26,800
|
20,231
|
|
PTT Exploration & Production PCL, NVDR(c)
|
10,800
|
32,181
|
|
PTT Oil & Retail Business PCL, NVDR
|
22,300
|
7,997
|
|
Siam Cement PCL (The), NVDR(c)
|
5,700
|
28,754
|
|
|
|
434,074
|
|
Turkey — 0.5%
|
||
|
Akbank TAS
|
24,174
|
31,436
|
|
Haci Omer Sabanci Holding AS
|
8,956
|
17,661
|
|
KOC Holding AS
|
5,676
|
20,528
|
|
Security
|
Shares
|
Value
|
|
Turkey (continued)
|
||
|
Sasa Polyester Sanayi AS(a)
|
84,923
|
$7,106
|
|
Turk Hava Yollari AO(a)
|
4,113
|
28,689
|
|
Turkiye Petrol Rafinerileri AS
|
7,469
|
23,625
|
|
Yapi ve Kredi Bankasi A/S(a)
|
25,864
|
16,806
|
|
|
|
145,851
|
|
United Arab Emirates — 2.1%
|
||
|
Abu Dhabi Commercial Bank PJSC
|
22,700
|
74,614
|
|
Abu Dhabi Islamic Bank PJSC
|
11,263
|
58,795
|
|
Emaar Properties PJSC
|
51,393
|
184,036
|
|
Emirates Telecommunications Group Co. PJSC
|
26,969
|
126,144
|
|
First Abu Dhabi Bank PJSC
|
34,260
|
150,139
|
|
|
|
593,728
|
|
Total Common Stocks — 97.9%
(Cost: $22,807,955)
|
27,590,675
|
|
|
Preferred Stocks
|
||
|
Brazil — 1.6%
|
||
|
Banco Bradesco SA, Preference Shares, NVS
|
40,998
|
116,123
|
|
Cia Energetica de Minas Gerais, Preference
Shares, NVS
|
13,702
|
25,969
|
|
Cia Paranaense de Energia - Copel, Preference
Shares, NVS
|
8,194
|
18,152
|
|
Gerdau SA, Preference Shares, NVS
|
10,206
|
27,212
|
|
Itau Unibanco Holding SA, Preference Shares, NVS
|
41,325
|
270,442
|
|
|
|
457,898
|
|
Chile — 0.1%
|
||
|
Sociedad Quimica y Minera de Chile SA, Class B,
Preference Shares
|
1,107
|
33,071
|
|
Colombia — 0.2%
|
||
|
Grupo Cibest SA, Preference Shares, NVS
|
3,543
|
36,496
|
|
Total Preferred Stocks — 1.9%
(Cost: $432,186)
|
527,465
|
|
|
Warrants
|
||
|
Malaysia — 0.0%
|
||
|
YTL Corp. Bhd, (Expires 06/02/28, Strike Price
MYR 1.50)(a)
|
4,920
|
370
|
|
Security
|
Shares
|
Value
|
|
Malaysia (continued)
|
||
|
YTL Power International Bhd., (Expires 06/02/28, Strike
Price MYR 2.45)(a)
|
3,780
|
$666
|
|
|
|
1,036
|
|
Total Warrants — 0.0%
(Cost: $—)
|
1,036
|
|
|
Total Long-Term Investments — 99.8%
(Cost: $23,240,141)
|
28,119,176
|
|
|
Short-Term Securities
|
||
|
Money Market Funds — 2.6%
|
||
|
BlackRock Cash Funds: Institutional, SL Agency Shares,
4.46%(e)(f)(g)
|
729,628
|
729,920
|
|
Total Short-Term Securities — 2.6%
(Cost: $729,920)
|
729,920
|
|
|
Total Investments — 102.4%
(Cost: $23,970,061)
|
28,849,096
|
|
|
Liabilities in Excess of Other Assets — (2.4)%
|
(670,071
)
|
|
|
Net Assets — 100.0%
|
$28,179,025
|
|
|
(a)
|
Non-income producing security.
|
|
(b)
|
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.
|
|
(c)
|
All or a portion of this security is on loan.
|
|
(d)
|
Security is valued using significant unobservable inputs and is classified as Level
3 in the
fair value hierarchy.
|
|
(e)
|
Affiliate of the Fund.
|
|
(f)
|
Annualized 7-day yield as of period end.
|
|
(g)
|
All or a portion of this security was purchased with the cash collateral from loaned
securities.
|
|
Affiliated Issuer
|
Value at
08/31/24
|
Purchases
at Cost
|
Proceeds
from Sales
|
Net Realized
Gain (Loss)
|
Change in
Unrealized
Appreciation
(Depreciation)
|
Value at
05/31/25
|
Shares
Held at
05/31/25
|
Income
|
Capital
Gain
Distributions
from
Underlying
Funds
|
|
BlackRock Cash Funds: Institutional, SL Agency Shares
|
$136,053
|
$593,967
(a)
|
$—
|
$(60
)
|
$(40
)
|
$729,920
|
729,628
|
$3,319
(b)
|
$—
|
|
BlackRock Cash Funds: Treasury, SL Agency Shares(c)
|
520,000
|
—
|
(520,000
)(a)
|
—
|
—
|
—
|
—
|
7,959
|
—
|
|
|
|
|
|
$(60)
|
$(40)
|
$729,920
|
|
$11,278
|
$—
|
|
(a)
|
Represents net amount purchased (sold).
|
|
(b)
|
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.
|
|
(c)
|
As of period end, the entity is no longer held.
|
|
Description
|
Number of
Contracts
|
Expiration
Date
|
Notional
Amount
(000)
|
Value/
Unrealized
Appreciation
(Depreciation)
|
|
Long Contracts
|
|
|
|
|
|
MSCI Emerging Markets Index
|
1
|
06/20/25
|
$57
|
$(554)
|
|
|
Level 1
|
Level 2
|
Level 3
|
Total
|
|
Assets
|
|
|
|
|
|
Investments
|
|
|
|
|
|
Long-Term Investments
|
|
|
|
|
|
Common Stocks
|
$2,964,849
|
$24,625,819
|
$7
|
$27,590,675
|
|
Preferred Stocks
|
527,465
|
—
|
—
|
527,465
|
|
Warrants
|
—
|
1,036
|
—
|
1,036
|
|
Short-Term Securities
|
|
|
|
|
|
Money Market Funds
|
729,920
|
—
|
—
|
729,920
|
|
|
$4,222,234
|
$24,626,855
|
$7
|
$28,849,096
|
|
Derivative Financial Instruments(a)
|
|
|
|
|
|
Liabilities
|
|
|
|
|
|
Equity Contracts
|
$(554
)
|
$—
|
$—
|
$(554
)
|
|
(a)
|
Derivative financial instruments are futures contracts. Futures contracts are valued
at the unrealized appreciation (depreciation) on the instrument.
|
|
Portfolio Abbreviation
|
|
|
ADR
|
American Depositary Receipt
|
|
NVDR
|
Non-Voting Depositary Receipt
|
|
NVS
|
Non-Voting Shares
|
|
PJSC
|
Public Joint Stock Company
|