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AUGUST 31, 2026

2026 Annual Financial Statements and

Additional Information

iShares, Inc.

• iShares Core MSCI Emerging Markets ETF | IEMG | NYSE Arca

• iShares Emerging Markets Equity Factor ETF | EMGF | Cboe BZX Exchange • iShares ESG Aware MSCI EM ETF | ESGE | NASDAQ

• iShares MSCI BIC ETF | BKF | NYSE Arca

• iShares MSCI Emerging Markets Asia ETF | EEMA | NASDAQ

• iShares MSCI Emerging Markets ex China ETF | EMXC | NASDAQ

• iShares MSCI Emerging Markets Min Vol Factor ETF | EEMV | Cboe BZX Exchange • iShares MSCI Emerging Markets Small-Cap ETF | EEMS | NYSE Arca

• iShares MSCI Global Min Vol Factor ETF | ACWV | Cboe BZX Exchange

NM1026U-6054797-1/156

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Table of Contents

Schedules of Investments ................................................................................................. 3 Statements of Assets and Liabilities ........................................................................................... 98 Statements of Operations ................................................................................................. 101 Statements of Changes in Net Assets .......................................................................................... 104 Financial Highlights ..................................................................................................... 109 Notes to Financial Statements ............................................................................................... 118 Report of Independent Registered Public Accounting Firm .............................................................................. 132 Important Tax Information ................................................................................................. 133 Additional Information ................................................................................................... 135 Board Review and Approval of Investment Advisory Contract ........................................................................... 137 Glossary of Terms Used in these Financial Statements ................................................................................ 152

NM1026U-6054797-2/156

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iShares ® Schedule of Investments ® Core MSCI Emerging Markets ETF

August 31, 2026 (Percentages shown are based on Net Assets)

S c h e d u l e o f I n v e s t m e n t s 3

Security Shares Value a Common Stocks

Belgium — 0 .0 % Viohalco SA ............................ 573,847 $ 11,482,757 a Brazil — 2 .9 % Allos SA ............................... 5,063,266 26,080,723 Alupar Investimento SA ..................... 2,279,476 14,403,035 Ambev SA ............................. 50,720,320 147,123,237 Aura Minerals, Inc. ........................ 395,529 33,058,314 Auren Energia SA , Class ON (a) ................ 5,060,829 10,929,293 Axia Energia SA ......................... 14,922,959 152,986,574 Azzas 2154 SA .......................... 1,737,009 4,981,512 B3 SA - Brasil Bolsa Balcao .................. 58,357,282 182,677,985 Banco Bradesco SA ....................... 18,048,777 52,841,321 Banco BTG Pactual SA ..................... 13,986,722 147,680,435 Banco do Brasil SA ....................... 19,156,965 76,678,881 BB Seguridade Participacoes SA .............. 7,378,231 57,527,291 Brava Energia ........................... 2,261,767 7,477,312 Caixa Seguridade Participacoes SA ............ 6,399,260 23,885,071 Cia Brasileira de Aluminio ................... 1,342,548 2,909,711 Cia de Saneamento Basico do Estado de Sao Paulo SABESP ............................. 27,874,317 135,994,583 Cia de Saneamento de Minas Gerais Copasa MG ... 2,883,644 30,731,117 Cia De Saneamento do Parana Sanepar ......... 2,068,448 13,381,011 Cia Paranaense de Energia - Copel ............ 22,032,173 63,568,042 Cia Siderurgica Nacional SA (a) ................ 7,406,718 7,604,624 Cogna Educacao SA ...................... 21,229,544 9,423,426 Compass Gas e Energia SA ................. 1,502,578 6,669,683 Cosan SA (a) ............................. 16,729,665 12,591,926 CPFL Energia SA ......................... 2,065,279 17,752,898 Cury Construtora e Incorporadora SA ........... 2,169,316 13,648,368 Cyrela Brazil Realty SA Empreendimentos e Participacoes .......................... 3,365,800 15,778,152 Dexco SA (a) ............................. 6,693,404 6,717,237 Direcional Engenharia SA ................... 4,410,262 9,464,757 EcoRodovias Infraestrutura e Logistica SA ........ 4,184,927 5,887,836 Embraer SA ............................ 7,693,310 138,809,343 Energisa SA ............................ 3,338,805 30,929,479 Eneva SA (a) ............................. 10,811,397 54,687,635 Engie Brasil Energia SA .................... 3,398,087 19,267,554 Equatorial SA ........................... 12,998,278 91,989,241 Fleury SA .............................. 3,969,001 15,074,628 GPS Participacoes e Empreendimentos SA (b) ...... 4,634,016 11,107,580 Grupo Mateus SA ........................ 7,455,126 6,661,565 Hapvida Participacoes e Investimentos SA (a) (b) ..... 3,608,083 4,602,760 Hypera SA ............................. 3,632,273 15,211,727 Iguatemi SA ............................ 3,267,522 15,468,791 Intelbras SA Industria de Telecomunicacao Eletronica Brasileira ............................ 1,401,819 4,039,169 Inter & Co., Inc. , Class A .................... 2,844,376 15,388,074 IRB-Brasil Resseguros SA ................... 733,512 8,053,478 Itau Unibanco Holding SA ................... 4,167,850 34,635,895 JBS N.V. , Class A ........................ 3,685,308 49,530,539 JHSF Participacoes SA ..................... 2,007,210 4,222,402 Klabin SA .............................. 8,745,993 31,901,510 Localiza Rent a Car SA ..................... 9,912,332 67,089,092 Lojas Renner SA ......................... 11,933,784 25,104,119 M Dias Branco SA ........................ 1,115,060 3,718,624 Magazine Luiza SA ....................... 4,468,282 4,147,878 MBRF Global Foods Co. SA ................. 6,780,529 23,894,869 Minerva SA ............................. 7,342,536 5,413,146 Motiva Infraestrutura de Mobilidade SA .......... 11,371,081 33,927,476 Movida Participacoes SA .................... 1,123,168 1,582,369 Multiplan Empreendimentos Imobiliarios SA ....... 3,529,342 19,017,327

Security Shares Value a Brazil (continued) Natura Cosmeticos SA (a) .................... 9,978,206 $ 16,830,778 NU Holdings Ltd. , Class A (a) .................. 41,599,841 605,277,687 Orizon Valorizacao de Residuos SA (a) ........... 1,655,082 5,289,567 Pagseguro Digital Ltd. , Class A ............... 1,754,083 15,821,829 Petroleo Brasileiro SA - Petrobras .............. 42,769,182 415,100,146 Petroreconcavo SA ....................... 1,921,039 4,037,424 Porto Seguro SA ......................... 2,301,502 21,799,986 PRIO SA (a) ............................. 9,354,950 113,164,645 Raia Drogasil SA ......................... 14,728,708 55,713,575 Rede D'Or Sao Luiz SA (b) ................... 8,266,648 56,126,193 Rumo SA .............................. 13,976,001 40,674,720 Sao Martinho SA ......................... 1,945,730 7,416,346 Sendas Distribuidora SA .................... 15,546,931 25,323,715 SIMPAR SA ............................ 3,170,150 4,037,979 SLC Agricola SA ......................... 2,845,750 8,825,777 Smartfit Escola de Ginastica e Danca SA ......... 4,266,433 13,841,175 StoneCo Ltd. , Class A ...................... 2,168,534 21,034,780 Suzano SA ............................. 6,751,149 59,022,310 Telefonica Brasil SA ....................... 8,566,233 49,348,565 TIM SA ............................... 9,201,158 33,046,781 TOTVS SA ............................. 6,090,035 41,665,475 Transmissora Alianca de Energia Eletrica SA ...... 1,941,843 14,653,156 Ultrapar Participacoes SA ................... 8,213,681 55,195,911 Vale SA ............................... 41,036,597 616,552,784 Vamos Locacao de Caminhoes Maquinas e Equipamentos SA ....................... 5,726,192 3,304,284 Vibra Energia SA ......................... 12,319,606 81,836,678 Vivara Participacoes SA .................... 1,709,342 7,349,951 WEG SA .............................. 17,004,940 164,583,521 XP, Inc. , Class A ......................... 4,534,415 82,662,385 4,665,468,748 a Canada — 0 .0 % Sigma Lithium Corp. (a) (c) .................... 706,374 8,928,567 a Cayman Islands — 0 .0 % Patria Investments Ltd. , Class A ............... 875,110 9,923,747 a Chile — 0 .4 % Aguas Andinas SA , Class A .................. 29,525,192 10,122,959 Banco de Chile .......................... 507,850,519 104,744,544 Banco de Credito e Inversiones SA ............. 921,494 63,682,045 Banco Santander Chile ..................... 744,614,577 64,231,215 CAP SA (a) .............................. 1,032,877 6,141,951 Cencosud SA ........................... 14,283,193 29,933,599 Cia Cervecerias Unidas SA .................. 1,730,508 10,069,738 Cia Sud Americana de Vapores SA ............. 169,966,254 8,741,153 Colbun SA ............................. 98,565,381 15,576,906 Empresa Nacional de Telecomunicaciones SA ..... 2,109,767 8,770,634 Empresas CMPC SA ...................... 11,732,319 12,633,239 Empresas Copec SA ...................... 4,237,389 30,055,302 Enel Chile SA ........................... 313,218,465 26,847,393 Engie Energia Chile SA ..................... 5,371,726 11,280,665 Falabella SA ............................ 7,471,611 49,472,915 Inversiones La Construccion SA ............... 419,183 11,452,270 Latam Airlines Group SA .................... 3,788,608,119 97,908,808 Pampa Investments SA ..................... 152,787,316 1,923,490 Parque Arauco SA ........................ 8,066,316 33,705,798 Plaza SA .............................. 8,644,987 36,410,963 Ripley Corp. SA .......................... 11,559,203 5,214,045 SMU SA ............................... 41,103,157 5,659,044 Veolia Inversiones Aguas del Gran Santiago Ltda. ... 7,257,798 7,037,497 Vina Concha y Toro SA ..................... 7,352,175 7,168,396 658,784,569 a

NM1026U-6054797-3/156

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Schedule of Investments (continued) August 31, 2026

iShares ® ® Core MSCI Emerging Markets ETF (Percentages shown are based on Net Assets)

4 2026 i S h a r e s A n n u a l F i n a n c i a l S t a t e m e n t s a n d NM1 A 26 d d i t i o n a l U-6054797-4 I 1 n 5 f 6 o r m a t i o n

Security Shares Value a China — 19 .0 % 360 Security Technology, Inc. , Class A ........... 5,025,688 $ 6,888,514 361 Degrees International Ltd. (c) ............... 11,124,000 6,388,512 37 Interactive Entertainment Network Technology Group Co. Ltd. , Class A ................... 1,786,337 4,896,856 3SBio, Inc. (a) (b) ........................... 21,427,500 43,970,696 AAC Technologies Holdings, Inc. .............. 8,641,000 48,901,321 Abbisko Cayman Ltd. (a) ..................... 6,253,000 7,071,907 Accelink Technologies Co. Ltd. , Class A (a) ........ 585,400 15,706,240 ACM Research Shanghai, Inc. , Class A .......... 227,114 10,177,256 Advanced Fiber Resources Zhuhai Ltd. , Class A .... 185,500 8,819,002 Advanced Micro-Fabrication Equipment, Inc. China , Class A .............................. 669,457 36,027,546 AECC Aviation Power Co. Ltd. , Class A .......... 1,712,867 9,846,916 Agricultural Bank of China Ltd. , Class A .......... 58,070,935 59,832,784 Agricultural Bank of China Ltd. , Class H .......... 307,133,000 248,087,526 Aier Eye Hospital Group Co. Ltd. , Class A ........ 5,696,693 6,961,657 Air China Ltd. , Class A (a) .................... 7,229,200 6,258,091 AK Medical Holdings Ltd. (b) .................. 7,268,000 4,735,549 Akeso, Inc. (a) (b) ........................... 7,361,000 84,326,313 Alibaba Group Holding Ltd. .................. 191,870,004 2,742,736,958 Alibaba Health Information Technology Ltd. (a) (c) ..... 59,660,000 23,427,328 Alphamab Oncology (a) (b) ..................... 2,695,000 3,077,477 Aluminum Corp. of China Ltd. , Class A .......... 7,751,700 11,273,754 Aluminum Corp. of China Ltd. , Class H .......... 44,548,000 48,615,488 Amlogic Shanghai Co. Ltd. , Class A ............ 282,242 4,088,784 Angel Yeast Co. Ltd. , Class A ................. 593,400 3,662,047 Angelalign Technology, Inc. (b) ................. 871,800 10,009,887 Anhui Conch Cement Co. Ltd. , Class A .......... 1,734,329 4,554,333 Anhui Conch Cement Co. Ltd. , Class H .......... 13,845,000 29,903,910 Anhui Expressway Co. Ltd. , Class H (c) ........... 4,686,000 9,427,657 Anhui Gujing Distillery Co. Ltd. , Class A .......... 275,155 3,755,384 Anhui Jianghuai Automobile Group Corp. Ltd. , Class A (a) ................................. 1,666,600 5,206,339 Anhui Tongguan Copper Foil Group Co. Ltd. , Class A . 470,300 8,678,380 Anji Microelectronics Technology Shanghai Co. Ltd. , Class A .............................. 160,780 5,710,867 Anjoy Foods Group Co. Ltd. , Class H ........... 74,200 613,953 Anker Innovations Technology Co. Ltd. , Class A .... 382,708 7,160,182 ANTA Sports Products Ltd. .................. 14,253,000 140,873,638 APT Medical, Inc. , Class A ................... 61,149 2,231,444 Ascentage Pharma Group International (a) (b) ........ 3,469,600 14,774,464 Ascletis Pharma, Inc. (a) (b) (c) ................... 2,352,000 3,000,025 Asymchem Laboratories Tianjin Co. Ltd. , Class A ... 214,600 5,162,002 Atour Lifestyle Holdings Ltd. , ADR ............. 646,482 22,613,940 Autohome, Inc. , ADR ...................... 707,763 15,528,320 Avary Holding Shenzhen Co. Ltd. , Class A ........ 1,440,475 19,959,560 AviChina Industry & Technology Co. Ltd. , Class H (c) .. 29,656,000 11,016,483 Baidu, Inc. , Class A (a) ...................... 23,870,762 285,495,192 Baiyin Nonferrous Group Co. Ltd. , Class A (a) ....... 4,873,900 4,968,074 Bank of Beijing Co. Ltd. , Class A .............. 12,020,606 9,572,541 Bank of Changsha Co. Ltd. , Class A ............ 1,336,100 1,926,841 Bank of Chengdu Co. Ltd. , Class A ............. 2,921,208 8,283,322 Bank of China Ltd. , Class A .................. 22,032,500 21,351,347 Bank of China Ltd. , Class H .................. 770,847,000 578,583,679 Bank of Communications Co. Ltd. , Class A ........ 33,215,343 35,795,416 Bank of Communications Co. Ltd. , Class H ....... 90,696,000 90,085,137 Bank of Hangzhou Co. Ltd. , Class A ............ 4,561,497 11,359,270 Bank of Jiangsu Co. Ltd. , Class A .............. 12,048,208 21,681,825 Bank of Nanjing Co. Ltd. , Class A .............. 8,043,181 13,959,616 Bank of Ningbo Co. Ltd. , Class A .............. 4,228,331 21,474,599 Bank of Shanghai Co. Ltd. , Class A ............. 8,319,165 11,739,966 Bank of Suzhou Co. Ltd. , Class A .............. 1,319,200 1,745,659 Baoshan Iron & Steel Co. Ltd. , Class A .......... 12,583,030 10,896,384 Beijing Capital International Airport Co. Ltd. , Class H (a) 22,532,000 4,449,868

Security Shares Value a China (continued) Beijing Compass Technology Development Co. Ltd. , Class A .............................. 412,300 $ 5,227,672 Beijing Enlight Media Co. Ltd. , Class A .......... 2,185,800 3,793,290 Beijing Enterprises Holdings Ltd. (c) ............. 4,719,000 19,444,535 Beijing Enterprises Water Group Ltd. ............ 48,490,000 10,330,918 Beijing Huafeng Test & Control Technology Co. Ltd. , Class A .............................. 134,800 7,947,305 Beijing Kingsoft Office Software, Inc. , Class A ...... 337,558 12,524,786 Beijing New Building Materials PLC , Class A ...... 1,414,719 3,548,882 Beijing Tong Ren Tang Chinese Medicine Co. Ltd. (c) .. 4,368,000 3,325,027 Beijing Tong Ren Tang Co. Ltd. , Class A ......... 532,931 1,895,679 Beijing Yandong Microelectronic Co. Ltd. , Class A (a) .. 747,200 5,507,628 Beijing-Shanghai High Speed Railway Co. Ltd. , Class A 29,580,301 21,527,855 BeOne Medicines Ltd. , Class H (a) .............. 9,163,664 250,921,570 Bilibili, Inc. , Class Z (a) (c) ..................... 2,871,417 46,674,628 Biwin Storage Technology Co. Ltd. , Class A ....... 346,000 12,098,200 Black Sesame International Holding Ltd. (a) (c) ....... 2,893,500 3,653,989 Bloks Group Ltd. (a) (c) ....................... 468,900 4,386,922 Blue Moon Group Holdings Ltd. (a) (b) ............. 4,398,500 2,097,162 Bluefocus Intelligent Communications Group Co. Ltd. , Class A .............................. 2,473,200 5,181,044 BOC Aviation Ltd. (b) ....................... 2,177,700 20,820,820 BOC International China Co. Ltd. , Class A ........ 2,412,500 4,309,352 BOE Technology Group Co. Ltd. , Class A ......... 24,280,000 21,708,335 Bosideng International Holdings Ltd. (c) ........... 51,492,000 28,010,100 Brilliance China Automotive Holdings Ltd. (c) ....... 36,712,000 10,933,685 BYD Co. Ltd. , Class A ...................... 4,039,073 53,031,968 BYD Co. Ltd. , Class H ..................... 41,717,300 460,468,997 BYD Electronic International Co. Ltd. ............ 8,835,500 30,346,198 C&D International Investment Group Ltd. (c) ........ 9,909,000 16,332,857 Caitong Securities Co. Ltd. , Class A ............ 5,479,550 7,245,071 Cambricon Technologies Corp. Ltd. , Class A ....... 433,902 71,703,812 Canmax Technologies Co. Ltd. , Class A (a) ........ 579,900 5,549,431 CanSino Biologics, Inc. , Class H (a) (b) (c) ........... 1,146,200 4,306,519 CARsgen Therapeutics Holdings Ltd. (a) (b) (c) ........ 3,488,500 5,879,107 CGN Mining Co. Ltd. (c) ..................... 36,495,000 12,154,786 CGN New Energy Holdings Co. Ltd. (c) ........... 20,760,000 5,583,387 CGN Power Co. Ltd. , Class H (b) ............... 120,717,000 46,746,635 Changjiang Securities Co. Ltd. , Class A .......... 4,226,528 5,811,951 Chaozhou Three-Circle Group Co. Ltd. , Class A .... 1,388,371 23,711,957 Chervon Holdings Ltd. (c) .................... 2,191,200 5,495,291 Chifeng Jilong Gold Mining Group Ltd. , Class A ..... 1,231,300 8,589,104 China Animal Healthcare Ltd. , NVS (a) (c) (d) ......... 1,237,000 2 China BlueChemical Ltd. , Class H ............. 21,960,000 5,437,608 China CITIC Bank Corp. Ltd. , Class A ........... 7,305,800 9,624,056 China CITIC Bank Corp. Ltd. , Class H ........... 90,480,000 96,354,439 China Coal Energy Co. Ltd. , Class H ............ 20,961,000 32,489,141 China Communications Services Corp. Ltd. , Class H . 27,940,000 13,761,878 China Conch Venture Holdings Ltd. ............. 15,724,500 15,735,871 China Construction Bank Corp. , Class A ......... 12,229,592 19,990,352 China Construction Bank Corp. , Class H ......... 963,982,000 1,165,290,790 China CSSC Holdings Ltd. , Class A ............ 5,373,446 27,235,970 China Datang Corp. Renewable Power Co. Ltd. , Class H .................................. 30,813,000 4,319,956 China East Education Holdings Ltd. (a) (b) .......... 6,194,000 3,162,121 China Eastern Airlines Corp. Ltd. , Class A (a) ....... 13,701,575 7,098,785 China Education Group Holdings Ltd. (a) (c) ......... 13,514,000 3,222,235 China Energy Engineering Corp. Ltd. , Class A ..... 24,616,344 9,117,420 China Everbright Bank Co. Ltd. , Class A ......... 26,144,082 11,555,431 China Everbright Environment Group Ltd. ........ 40,248,148 25,850,150 China Everbright Ltd. (c) ..................... 11,210,000 8,830,256 China Feihe Ltd. (b) ........................ 41,245,000 14,757,262 China Fiber Optic Network System Group Ltd. , NVS (a) (d) 10,394,800 13 China Foods Ltd. ......................... 14,586,000 7,143,761

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iShares ® Schedule of Investments ® Core MSCI Emerging Markets ETF (continued) August 31, 2026 (Percentages shown are based on Net Assets)

S c h e d u l e o f I n v e s t m e n t s 5

Security Shares Value a China (continued) China Galaxy Securities Co. Ltd. , Class A ........ 3,714,900 $ 6,829,180 China Galaxy Securities Co. Ltd. , Class H ........ 40,579,500 40,673,605 China Gas Holdings Ltd. (c) ................... 26,710,800 19,284,086 China Gold International Resources Corp. Ltd. ..... 2,721,100 88,585,978 China Great Wall Securities Co. Ltd. , Class A ...... 3,718,800 4,497,418 China Greatwall Technology Group Co. Ltd. , Class A (a) 2,216,300 4,809,292 China Hongqiao Group Ltd. .................. 35,872,500 104,057,608 China Huiyuan Juice Group Ltd. , NVS (a) (d) ......... 10,877,000 14 China International Capital Corp. Ltd. , Class A ..... 1,988,012 10,269,913 China International Capital Corp. Ltd. , Class H (b) .... 19,977,600 57,309,946 China Jinmao Holdings Group Ltd. (c) ............ 65,042,000 10,920,277 China Jushi Co. Ltd. , Class A ................. 2,838,505 18,527,555 China Lesso Group Holdings Ltd. .............. 14,070,000 6,486,539 China Life Insurance Co. Ltd. , Class A ........... 1,346,121 7,703,888 China Life Insurance Co. Ltd. , Class H .......... 85,122,000 327,484,542 China Literature Ltd. (a) (b) .................... 4,628,800 12,645,394 China Longyuan Power Group Corp. Ltd. , Class H .. 28,502,000 19,729,763 China Medical System Holdings Ltd. (c) ........... 14,243,000 20,376,198 China Mengniu Dairy Co. Ltd. ................ 33,697,000 77,754,963 China Merchants Bank Co. Ltd. , Class A ......... 13,389,992 79,948,546 China Merchants Bank Co. Ltd. , Class H ......... 43,722,964 283,489,753 China Merchants Energy Shipping Co. Ltd. , Class A . 5,848,000 16,321,336 China Merchants Expressway Network & Technology Holdings Co. Ltd. , Class A ................. 3,931,539 5,746,735 China Merchants Port Holdings Co. Ltd. ......... 13,672,270 28,023,950 China Merchants Securities Co. Ltd. , Class A ...... 5,007,941 13,936,014 China Merchants Shekou Industrial Zone Holdings Co. Ltd. , Class A .......................... 5,692,422 5,529,488 China Metal Recycling Holdings Ltd. (a) (d) .......... 62,400 — China Minsheng Banking Corp. Ltd. , Class A ...... 23,194,717 12,186,200 China Minsheng Banking Corp. Ltd. , Class H ...... 72,128,720 31,982,846 China Modern Dairy Holdings Ltd. (a) (c) ........... 40,915,000 7,615,486 China National Building Material Co. Ltd. , Class H (c) .. 40,806,850 18,701,156 China National Chemical Engineering Co. Ltd. , Class A 4,236,222 4,689,272 China National Nuclear Power Co. Ltd. , Class A .... 13,397,309 17,729,584 China National Software & Service Co. Ltd. , Class A (a) 742,980 3,743,785 China Nonferrous Mining Corp. Ltd. ............ 16,677,000 35,062,311 China Northern Rare Earth Group High-Tech Co. Ltd. , Class A .............................. 2,505,800 15,137,483 China Oilfield Services Ltd. , Class H ............ 18,192,000 17,111,820 China Overseas Grand Oceans Group Ltd. (c) ...... 21,982,500 7,453,442 China Overseas Land & Investment Ltd. ......... 43,049,000 68,579,646 China Overseas Property Holdings Ltd. .......... 14,685,000 6,418,028 China Pacific Insurance Group Co. Ltd. , Class A .... 4,544,342 21,606,841 China Pacific Insurance Group Co. Ltd. , Class H .... 30,738,000 118,266,254 China Petroleum & Chemical Corp. , Class A ....... 21,831,200 17,745,725 China Petroleum & Chemical Corp. , Class H ...... 255,458,200 155,647,664 China Railway Group Ltd. , Class A ............. 8,437,566 5,497,862 China Railway Group Ltd. , Class H (c) ............ 47,700,000 20,925,667 China Rare Earth Resources And Technology Co. Ltd. , Class A .............................. 793,759 7,321,710 China Resources Beer Holdings Co. Ltd. ......... 18,484,000 45,463,555 China Resources Beverage Holdings Co. Ltd. (c) .... 406,000 380,959 China Resources Building Materials Technology Holdings Ltd. .......................... 27,954,000 3,704,218 China Resources Gas Group Ltd. .............. 9,445,300 20,569,280 China Resources Land Ltd. (c) ................. 32,808,277 125,457,492 China Resources Microelectronics Ltd. , Class A .... 898,212 8,193,778 China Resources Mixc Lifestyle Services Ltd. (b) ..... 7,741,800 38,523,389 China Resources Pharmaceutical Group Ltd. (b) ..... 20,201,500 11,515,110 China Resources Power Holdings Co. Ltd. (c) ....... 23,176,000 55,369,368 China Resources Sanjiu Medical & Pharmaceutical Co. Ltd. , Class A .......................... 693,331 2,528,613 China Risun Group Ltd. (c) ................... 18,563,000 4,768,094

Security Shares Value a China (continued) China Ruyi Holdings Ltd. (a) (c) ................. 130,311,200 $ 22,325,066 China Shenhua Energy Co. Ltd. , Class A ......... 4,240,529 30,803,061 China Shenhua Energy Co. Ltd. , Class H ......... 38,238,000 225,843,377 China Shineway Pharmaceutical Group Ltd. (c) ...... 5,370,000 5,672,535 China Southern Airlines Co. Ltd. , Class A (a) ........ 8,458,184 6,293,092 China State Construction Engineering Corp. Ltd. , Class A .................................. 22,039,919 14,201,769 China Suntien Green Energy Corp. Ltd. , Class H ... 18,914,000 7,866,510 China Taiping Insurance Holdings Co. Ltd. ........ 16,408,908 44,171,577 China Three Gorges Renewables Group Co. Ltd. , Class A .................................. 20,212,970 11,160,749 China Tobacco International HK Co. Ltd. (c) ........ 2,827,000 8,854,574 China Tourism Group Duty Free Corp. Ltd. , Class A .. 1,354,257 10,573,445 China Tower Corp. Ltd. , Class H (b) .............. 47,864,100 55,645,050 China Traditional Chinese Medicine Holdings Co. Ltd. (a) 33,558,000 5,855,847 China Travel International Investment Hong Kong Ltd. (c) 29,186,000 4,292,144 China Tungsten And Hightech Materials Co. Ltd. , Class A .................................. 1,582,901 15,465,176 China United Network Communications Ltd. , Class A . 22,405,825 14,336,944 China Water Affairs Group Ltd. (c) ............... 10,546,000 5,998,529 China XD Electric Co. Ltd. , Class A ............. 3,767,900 7,090,196 China XLX Fertiliser Ltd. .................... 6,735,000 9,574,818 China Yangtze Power Co. Ltd. , Class A .......... 16,440,141 68,739,180 China Youran Dairy Group Ltd. (a) (b) (c) ............ 17,730,000 9,173,682 China Yuchai International Ltd. ................ 76,397 2,929,061 China Zheshang Bank Co. Ltd. , Class A .......... 14,023,296 6,053,341 China Zhongwang Holdings Ltd. , NVS (a) (c) (d) ....... 2,334,641 3 Chinasoft International Ltd. (a) (c) ................ 25,548,000 12,427,047 Chongqing Afari Technology Co. Ltd. , Class A (a) .... 3,194,200 3,945,877 Chongqing Changan Automobile Co. Ltd. , Class A ... 5,723,964 6,022,863 Chongqing Hongjiu Fruit Co. Ltd. , Class H (a) (c) (d) ..... 2,296,200 178,401 Chongqing Machinery & Electric Co. Ltd. , Class H (c) .. 7,120,000 1,702,929 Chongqing Polycomp International Corp. , Class A ... 2,277,400 10,508,678 Chongqing Rural Commercial Bank Co. Ltd. , Class A . 5,937,800 6,010,026 Chongqing Rural Commercial Bank Co. Ltd. , Class H 24,803,000 20,687,623 Chow Tai Fook Jewellery Group Ltd. ............ 19,854,800 32,688,566 CICT Mobile Communication Technology Co. Ltd. , Class A (a) ............................. 2,384,600 4,889,878 CIMC Enric Holdings Ltd. ................... 9,648,000 9,361,915 Cirrus Aircraft Ltd. ........................ 386,300 2,357,687 CITIC Ltd. .............................. 49,782,000 83,289,454 Citic Pacific Special Steel Group Co. Ltd. , Class A ... 476,000 973,732 CITIC Securities Co. Ltd. , Class A .............. 7,362,289 30,447,426 CITIC Securities Co. Ltd. , Class H ............. 16,191,400 56,406,271 CMOC Group Ltd. , Class A .................. 11,841,833 33,483,052 CMOC Group Ltd. , Class H .................. 42,141,000 89,789,272 CNGR Advanced Material Co. Ltd. , Class A ....... 761,755 4,522,323 CNPC Capital Co. Ltd. , Class A ............... 4,861,158 5,284,451 COFCO Joycome Foods Ltd. (a) (c) ............... 37,983,000 5,158,048 Consun Pharmaceutical Group Ltd. ............. 5,347,000 9,228,763 Contemporary Amperex Technology Co. Ltd. , Class A 3,052,551 164,996,217 Contemporary Amperex Technology Co. Ltd. , Class H (c) 1,988,235 151,183,958 COSCO SHIPPING Energy Transportation Co. Ltd. , Class A .............................. 3,914,400 11,198,649 COSCO SHIPPING Energy Transportation Co. Ltd. , Class H ............................. 12,552,000 26,646,248 COSCO SHIPPING Holdings Co. Ltd. , Class A ..... 5,787,896 14,643,183 COSCO SHIPPING Holdings Co. Ltd. , Class H ..... 29,536,600 64,825,568 COSCO SHIPPING International Hong Kong Co. Ltd. 12,990,000 10,819,398 COSCO SHIPPING Ports Ltd. ................ 17,772,000 12,588,279 Country Garden Holdings Co. Ltd. (a) (c) ........... 179,165,000 4,324,762 Country Garden Services Holdings Co. Ltd. ....... 23,892,000 16,810,576 CRRC Corp. Ltd. , Class A ................... 12,966,200 12,000,239 CRRC Corp. Ltd. , Class H ................... 51,888,000 35,327,118

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Schedule of Investments (continued) August 31, 2026

iShares ® ® Core MSCI Emerging Markets ETF (Percentages shown are based on Net Assets)

6 2026 i S h a r e s A n n u a l F i n a n c i a l S t a t e m e n t s a n d NM1 A 26 d d i t i o n a l U-6054797-6 I 1 n 5 f 6 o r m a t i o n

Security Shares Value a China (continued) CSC Financial Co. Ltd. , Class A ............... 3,069,094 $ 11,688,008 CSG Holding Co. Ltd. , Class B ................ 562,560 90,387 CSI Solar Co. Ltd. , Class A .................. 2,603,606 3,521,886 CSPC Innovation Pharmaceutical Co. Ltd. , Class A (a) . 963,360 6,330,896 CSPC Pharmaceutical Group Ltd. .............. 91,395,760 107,402,775 CSSC Hong Kong Shipping Co. Ltd. (c) ........... 14,466,000 4,226,587 CStone Pharmaceuticals (a) (b) ................. 13,295,000 9,733,015 CT Environmental Group Ltd. , NVS (a) (c) (d) ......... 33,362,000 43 Damai Entertainment Holdings Ltd. (a) (c) ........... 141,730,000 8,917,973 Daqin Railway Co. Ltd. , Class A ............... 11,115,919 7,875,886 Daqo New Energy Corp. , ADR (a) (c) .............. 452,646 5,834,607 Datang International Power Generation Co. Ltd. , Class A .................................. 7,175,677 6,236,179 Dazhong Mining Co. Ltd. , Class A .............. 1,124,800 4,714,655 Dekon Food And Agriculture Group , Class H (a) ..... 74,700 516,047 Delton Technology Guangzhou, Inc. , Class A ...... 318,100 7,687,503 Dongfang Electric Corp. Ltd. , Class A ........... 2,091,724 8,001,989 Dongxing Securities Co. Ltd. , Class A ........... 2,219,367 4,645,400 Dongyue Group Ltd. (c) ...................... 15,429,000 27,299,555 Dosilicon Co. Ltd. , Class A (a) ................. 300,000 5,340,752 DPC Dash Ltd. (a) (c) ........................ 1,106,900 4,702,431 Duality Biotherapeutics, Inc. (a) (c) ............... 336,300 7,900,679 East Buy Holding Ltd. (a) (b) (c) ................... 5,013,500 15,678,541 East Money Information Co. Ltd. , Class A ......... 10,821,468 31,204,732 Eastroc Beverage Group Co. Ltd. , Class A ........ 522,759 9,334,480 Ecovacs Robotics Co. Ltd. , Class A ............. 458,200 3,588,742 Empyrean Technology Co. Ltd. , Class A .......... 398,600 5,909,222 ENN Energy Holdings Ltd. ................... 8,552,100 54,105,322 ENN Natural Gas Co. Ltd. , Class A ............. 1,788,428 4,870,800 Eoptolink Technology, Inc. Ltd. , Class A .......... 966,267 57,904,129 Eve Energy Co. Ltd. , Class A ................. 1,484,977 11,645,809 Everbright Securities Co. Ltd. , Class A ........... 2,924,086 6,403,000 Everest Medicines Ltd. (a) (b) (c) .................. 3,309,000 13,687,362 Evergrande Property Services Group Ltd. (a) (b) ...... 74,671,500 10,934,671 EverProX Technologies Co. Ltd. , Class A ......... 209,100 6,558,314 Far East Horizon Ltd. ...................... 23,597,000 21,241,774 Fiberhome Telecommunication Technologies Co. Ltd. , Class A .............................. 947,100 5,984,421 FinVolution Group , Class A , ADR .............. 1,362,563 5,000,606 First Tractor Co. Ltd. , Class H ................ 3,290,000 4,004,573 Flat Glass Group Co. Ltd. , Class H ............. 547,000 457,087 Focus Media Information Technology Co. Ltd. , Class A 9,048,718 6,690,526 Fortior Technology Shenzhen Co. Ltd. , Class H (c) ... 103,000 1,617,615 Foshan Haitian Flavouring & Food Co. Ltd. , Class A . 3,098,794 15,507,553 Founder Securities Co. Ltd. , Class A ............ 7,598,400 7,776,372 Founder Technology Group Corp. , Class A (a) ....... 3,250,500 6,185,966 Foxconn Industrial Internet Co. Ltd. , Class A ....... 7,371,825 71,165,611 Fu Shou Yuan International Group Ltd. (c) (d) ........ 14,186,000 4,020,192 Fufeng Group Ltd. (c) ....................... 16,336,400 9,921,578 Full Truck Alliance Co. Ltd. , ADR .............. 8,445,966 71,537,332 Fuyao Glass Industry Group Co. Ltd. , Class A ...... 1,303,947 10,967,065 Fuyao Glass Industry Group Co. Ltd. , Class H (b) .... 7,041,600 49,239,039 Ganfeng Lithium Group Co. Ltd. , Class A ......... 1,087,499 8,708,720 Ganfeng Lithium Group Co. Ltd. , Class H (b) ....... 5,593,800 29,071,724 GCL Technology Holdings Ltd. (a) (c) .............. 278,101,000 24,762,688 GD Power Development Co. Ltd. , Class A ........ 11,692,200 9,013,908 GDS Holdings Ltd. , Class A (a) (c) ................ 12,477,876 49,894,768 Geely Automobile Holdings Ltd. ............... 74,480,000 166,778,858 GEM Co. Ltd. , Class A ..................... 1,910,900 1,853,847 Genertec Universal Medical Group Co. Ltd. (b) (c) ..... 12,246,500 7,178,329 GenFleet Therapeutics Shanghai, Inc. , Class H (a) (c) .. 813,800 3,182,537 Genscript Biotech Corp. (a) ................... 13,758,000 59,379,388 GF Securities Co. Ltd. , Class A ............... 3,165,530 10,271,661 GF Securities Co. Ltd. , Class H ............... 13,413,200 31,726,448

Security Shares Value a China (continued) Giant Biogene Holding Co. Ltd. (b) (c) ............. 4,905,400 $ 16,094,218 Giant Network Group Co. Ltd. , Class A .......... 1,212,736 4,951,718 GigaDevice Semiconductor, Inc. , Class A ......... 475,847 28,694,505 Global New Material International Holdings Ltd. (a) (c) .. 9,600,000 12,202,201 GoerTek, Inc. , Class A ..................... 2,500,962 9,012,211 Goldenmax International Group Ltd. , Class A ...... 548,200 6,181,142 Goldwind Science & Technology Co. Ltd. , Class A ... 2,536,937 6,915,087 Gotion High-tech Co. Ltd. , Class A ............. 1,361,333 5,406,363 Grace Fabric Technology Co. Ltd. , Class A ........ 344,000 7,555,178 Grand Pharmaceutical Group Ltd. (c) ............. 15,557,000 9,961,409 Great Wall Motor Co. Ltd. , Class H ............. 26,771,500 26,947,564 Greater Bay Area AI Computing Tech Co. Ltd. (a) (c) ... 3,092,000 4,414,992 Gree Electric Appliances, Inc. of Zhuhai , Class A .... 1,669,950 9,681,987 Greentown China Holdings Ltd. (a) (c) ............. 12,087,000 9,634,416 Greentown Service Group Co. Ltd. ............. 16,304,000 8,721,730 Guangdong Dtech Technology Co. Ltd. , Class A .... 171,100 10,693,050 Guangdong Fenghua Advanced Technology Holding Co. Ltd. , Class A ....................... 890,600 7,407,747 Guangdong Haid Group Co. Ltd. , Class A ........ 1,086,820 7,476,312 Guangdong HEC Technology Holding Co. Ltd. , Class A (a) ................................. 2,006,400 9,880,780 Guangdong Investment Ltd. .................. 32,930,000 37,153,099 Guangdong Songfa Ceramics Co. Ltd. , Class A (a) ... 398,200 11,512,367 Guangshen Railway Co. Ltd. , Class H ........... 9,922,000 3,093,018 Guangzhou Guanggang Gases & Energy Co. Ltd. , Class A .............................. 810,800 4,057,500 Guangzhou Tinci Materials Technology Co. Ltd. , Class A .................................. 1,485,296 8,047,643 Guobo Electronics Co. Ltd. , Class A ............ 299,400 3,461,564 Guolian Minsheng Securities Co. Ltd. , Class A ..... 4,218,900 5,573,680 Guoquan Food Shanghai Co. Ltd. , Class H (c) ...... 2,307,600 492,201 Guosen Securities Co. Ltd. , Class A ............ 4,682,667 7,139,609 Guotai Haitong Securities Co. Ltd. ............. 11,009,676 29,386,812 Guotai Haitong Securities Co. Ltd. , Class H (b) ...... 23,739,592 45,970,208 Guoyuan Securities Co. Ltd. , Class A ........... 4,876,481 5,593,402 Gushengtang Holdings Ltd. (c) ................. 2,266,300 7,854,461 H World Group Ltd. , Class A , ADR ............. 2,137,250 101,134,670 Haidilao International Holding Ltd. (b) ............ 18,234,000 27,238,660 Haier Smart Home Co. Ltd. , Class A ............ 3,218,537 10,145,051 Haier Smart Home Co. Ltd. , Class A ............ 26,771,000 73,059,131 Hainan Airlines Holding Co. Ltd. , Class A (a) ........ 31,793,541 6,142,784 Hainan Airport Infrastructure Co. Ltd. , Class A ...... 9,718,603 3,990,598 Haisco Pharmaceutical Group Co. Ltd. , Class A .... 564,700 5,617,731 Haitian International Holdings Ltd. ............. 7,082,000 16,302,980 Hangzhou Chang Chuan Technology Co. Ltd. , Class A 453,400 18,800,852 Hangzhou First Applied Material Co. Ltd. , Class A ... 2,004,111 4,559,623 Hangzhou SF Intra-City Industrial Co. Ltd. , Class H (a) (b) (c) .............................. 503,600 515,536 Hangzhou Silan Microelectronics Co. Ltd. , Class A .. 1,246,400 6,325,726 Hangzhou Tigermed Consulting Co. Ltd. , Class A ... 298,774 2,346,870 Hanking Gold International Ltd. (a) .............. 2,028,000 850,658 Hansoh Pharmaceutical Group Co. Ltd. (b) ......... 14,408,000 64,726,684 Haohua Chemical Science & Technology Co. Ltd. , Class A .............................. 772,500 6,095,416 Harbin Electric Co. Ltd. , Class H ............... 7,862,000 16,786,409 Hello Group, Inc. , ADR ..................... 1,224,949 6,786,217 Henan Shenhuo Coal Industry & Electricity Power Co. Ltd. , Class A .......................... 1,603,700 6,561,365 Henan Shijia Photons Technology Co. Ltd. , Class A .. 338,600 7,940,394 Henan Shuanghui Investment & Development Co. Ltd. , Class A .............................. 1,978,132 7,084,317 Hengan International Group Co. Ltd. ............ 6,093,000 17,153,616 Hengli Petrochemical Co. Ltd. , Class A .......... 3,801,530 10,934,401 Hengtong Optic-electric Co. Ltd. , Class A ......... 1,739,300 17,416,856

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iShares ® Schedule of Investments ® Core MSCI Emerging Markets ETF (continued) August 31, 2026 (Percentages shown are based on Net Assets)

S c h e d u l e o f I n v e s t m e n t s 7

Security Shares Value a China (continued) Hengyi Petrochemical Co. Ltd. , Class A .......... 1,976,900 $ 5,743,962 Hesai Group , Class B (a) (c) .................... 10,746,240 21,879,075 Hgtech Co. Ltd. , Class A .................... 718,758 11,188,835 Hithink RoyalFlush Information Network Co. Ltd. , Class A .................................. 533,185 18,169,552 Hopson Development Holdings Ltd. (a) (d) .......... 12,463,371 3,690,253 Horizon Robotics , Class B (a) (c) ................. 79,290,600 47,559,170 Hoshine Silicon Industry Co. Ltd. , Class A (a) ....... 733,877 3,792,240 Hua Han Health Industry Holdings Ltd. , NVS (a) (d) .... 19,424,288 25 Hua Hong Grace Semiconductor Ltd. (a) (b) ......... 8,446,000 131,977,092 Hua Hong Grace Semiconductor Ltd. , Class A (a) .... 264,824 10,067,956 Huabao International Holdings Ltd. ............. 11,254,000 4,545,612 Huadian Power International Corp. Ltd. , Class A .... 7,095,600 4,846,984 Huadong Medicine Co. Ltd. , Class A ............ 955,985 3,879,608 Huafon Chemical Co. Ltd. , Class A ............. 3,953,555 6,984,454 Huaneng Power International, Inc. , Class A ....... 3,314,826 3,294,573 Huaneng Power International, Inc. , Class H (c) ...... 50,420,000 35,513,070 Huaqin Co. Ltd. , Class A .................... 894,039 10,858,011 Huatai Securities Co. Ltd. , Class A ............. 4,315,051 12,463,172 Huatai Securities Co. Ltd. , Class H (b) ............ 16,050,800 36,106,092 Huaxia Bank Co. Ltd. , Class A ................ 7,399,830 6,862,097 Huayu Automotive Systems Co. Ltd. , Class A ...... 2,157,060 4,957,654 Hubei Dinglong Co. Ltd. , Class A .............. 657,000 7,111,583 Hubei Feilihua Quartz Glass Co. Ltd. , Class A (a) .... 361,700 5,135,710 Huizhou Desay Sv Automotive Co. Ltd. , Class A .... 451,124 5,934,409 Hunan Yuneng New Energy Battery Material Co. Ltd. , Class A .............................. 564,900 5,206,963 Hundsun Technologies, Inc. , Class A ............ 1,571,149 5,138,595 HUTCHMED China Ltd. (a) (c) .................. 6,217,080 15,348,093 Hwatsing Technology Co. Ltd. , Class A .......... 360,501 13,972,525 Hygeia Healthcare Holdings Co. Ltd. (a) (b) (c) ........ 4,984,000 6,543,061 Hygon Information Technology Co. Ltd. , Class A .... 1,600,053 60,318,800 IEIT Systems Co. Ltd. , Class A ................ 1,003,036 12,724,085 Iflytek Co. Ltd. , Class A ..................... 1,718,162 10,292,314 Imeik Technology Development Co. Ltd. , Class A ... 187,192 2,586,878 Industrial & Commercial Bank of China Ltd. , Class A . 44,635,080 53,626,605 Industrial & Commercial Bank of China Ltd. , Class H . 742,282,000 714,924,203 Industrial Bank Co. Ltd. , Class A ............... 13,628,791 35,576,213 Industrial Securities Co. Ltd. , Class A ........... 6,370,098 5,609,608 INESA Intelligent Tech, Inc. , Class B ............ 3,840,652 2,671,338 Ingenic Semiconductor Co. Ltd. , Class A ......... 371,415 7,719,868 Inner Mongolia BaoTou Steel Union Co. Ltd. , Class A (a) 32,937,600 11,017,358 Inner Mongolia Dian Tou Energy Corp. Ltd. , Class A . 1,337,500 5,858,945 Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd. , Class A ................... 6,657,560 4,744,116 Inner Mongolia Xingye Silver&Tin Mining Co. Ltd. , Class A .............................. 1,311,700 7,781,648 Inner Mongolia Yili Industrial Group Co. Ltd. , Class A . 3,900,462 15,379,730 Inner Mongolia Yitai Coal Co. Ltd. , Class B ....... 10,146,195 33,791,222 InnoCare Pharma Ltd. , Class H (a) (b) ............. 11,072,000 20,143,557 Innovent Biologics, Inc. (a) (b) ................... 16,453,000 217,012,900 iQIYI, Inc. , Class A , ADR (a) (c) .................. 5,326,730 4,974,633 Isoftstone Information Technology Group Co. Ltd. , Class A .............................. 935,500 5,252,884 J&T Global Express Ltd. (a) ................... 27,046,600 33,474,500 JCET Group Co. Ltd. , Class A ................ 1,299,900 14,626,799 JD Health International, Inc. (a) (b) (c) .............. 12,178,000 56,373,705 JD Logistics, Inc. (a) (b) ....................... 19,743,800 27,669,151 JD.com, Inc. , Class A ...................... 26,172,604 370,072,262 JF SmartInvest Holdings Ltd. (c) ................ 1,404,700 5,112,728 Jiangsu Eastern Shenghong Co. Ltd. , Class A (a) .... 4,894,401 10,636,518 Jiangsu Etern Co. Ltd. , Class A ............... 1,044,691 6,251,811 Jiangsu Hengli Hydraulic Co. Ltd. , Class A ........ 989,616 15,079,896 Jiangsu Hengrui Pharmaceuticals Co. Ltd. , Class A .. 4,323,342 29,641,708

Security Shares Value a China (continued) Jiangsu Yanghe Distillery Co. Ltd. , Class A ........ 886,416 $ 5,097,600 Jiangsu Yoke Technology Co. Ltd. , Class A ........ 328,600 6,963,589 Jiangsu Zhongtian Technology Co. Ltd. , Class A .... 2,487,700 13,029,904 Jiangxi Copper Co. Ltd. , Class A .............. 1,367,901 9,849,137 Jiangxi Copper Co. Ltd. , Class H .............. 11,923,000 56,635,446 Jinduicheng Molybdenum Co. Ltd. , Class A ....... 2,165,607 7,275,609 Jinko Solar Co. Ltd. , Class A (a) ................ 7,538,107 4,604,895 JinkoSolar Holding Co. Ltd. , ADR .............. 329,899 4,150,129 Jinxin Fertility Group Ltd. (b) (c) ................. 25,692,000 7,260,570 Jiujiang Defu Technology Co. Ltd. , Class A ........ 440,000 6,391,533 JNBY Design Ltd. ........................ 3,686,000 9,279,502 Joinn Laboratories China Co. Ltd. , Class H (b) (c) ..... 854,700 2,664,866 JoulWatt Technology Co. Ltd. , Class A (a) ......... 304,400 5,674,141 JOYY, Inc. , ADR ......................... 265,091 19,786,392 Kanzhun Ltd. , ADR ....................... 4,353,698 75,580,197 KE Holdings, Inc. , Class A ................... 23,010,907 132,540,799 Keymed Biosciences, Inc. (a) (b) ................. 2,440,500 23,248,475 Kinetic Development Group Ltd. ............... 10,894,000 3,099,289 Kingboard Holdings Ltd. (c) ................... 8,128,200 56,015,444 Kingboard Laminates Holdings Ltd. ............. 13,390,500 78,894,907 Kingdee International Software Group Co. Ltd. (a) (c) ... 32,457,000 35,718,439 Kingfa Sci & Tech Co. Ltd. , Class A ............. 1,283,400 2,682,499 Kingnet Network Co. Ltd. , Class A ............. 1,324,400 3,380,238 Kingsemi Co. Ltd. , Class A .................. 136,000 7,490,102 Kingsoft Cloud Holdings Ltd. (a) ................ 29,469,760 20,430,451 Kingsoft Corp. Ltd. ........................ 10,895,000 34,432,875 Konfoong Materials International Co. Ltd. , Class A ... 201,600 7,324,362 Kuaishou Technology , Class B (b) ............... 32,479,400 138,226,944 Kuang-Chi Technologies Co. Ltd. , Class A ........ 1,523,230 6,475,227 Kunlun Energy Co. Ltd. ..................... 40,724,000 40,202,244 Kunlun Tech Co. Ltd. , Class A (a) ............... 953,484 6,229,156 Kweichow Moutai Co. Ltd. , Class A ............. 850,538 164,521,917 Lao Feng Xiang Co. Ltd. , Class B .............. 1,089,879 3,037,899 Laopu Gold Co. Ltd. , Class H (c) ................ 453,400 22,797,821 LB Group Co. Ltd. , Class A .................. 1,527,607 3,684,591 Leader Harmonious Drive Systems Co. Ltd. , Class A . 114,880 5,138,324 Lee & Man Paper Manufacturing Ltd. ........... 17,362,000 8,466,956 Legend Biotech Corp. , Class A , ADR (a) (c) ......... 837,349 17,400,112 Legend Holdings Corp. , Class H (b) ............. 6,950,700 16,100,863 Lenovo Group Ltd. ........................ 85,296,000 326,794,730 Lens Technology Co. Ltd. , Class A ............. 3,524,615 20,395,762 Lepu Biopharma Co. Ltd. , Class H (a) (b) (c) .......... 12,662,000 7,126,858 Li Auto, Inc. , Class A (a) (c) .................... 13,760,204 82,980,844 Li Ning Co. Ltd. .......................... 26,242,000 45,496,434 Lifetech Scientific Corp. (a) (c) .................. 42,360,000 7,334,799 Lingbao Gold Group Co. Ltd. , Class H (c) .......... 7,714,200 21,702,276 Lingyi iTech Guangdong Co. , Class A ........... 5,353,333 10,175,567 Longfor Group Holdings Ltd. (b) (c) ............... 23,349,500 18,673,993 LONGi Green Energy Technology Co. Ltd. , Class A (a) . 5,222,749 9,376,818 Lonking Holdings Ltd. ...................... 30,358,000 13,651,683 Loongson Technology Corp. Ltd. , Class A (a) ....... 234,200 3,759,188 Lufax Holding Ltd. , ADR (a) (c) .................. 2,875,474 3,623,097 Luxshare Precision Industry Co. Ltd. , Class A ...... 5,139,389 43,944,435 Luye Pharma Group Ltd. (a) (b) (c) ................ 25,249,000 6,236,995 Luzhou Laojiao Co. Ltd. , Class A .............. 957,465 10,975,385 Lygend Resources & Technology Co. Ltd. , Class H (c) . 834,200 1,956,271 Maanshan Iron & Steel Co. Ltd. , Class H (a) ........ 1,566,000 348,267 Maoyan Entertainment (b) (c) ................... 6,490,800 3,594,759 Marketingforce Management Ltd. (a) (c) ............ 692,700 5,363,613 Maxscend Microelectronics Co. Ltd. , Class A (a) ..... 430,112 5,049,806 Meitu, Inc. (a) (b) ........................... 40,982,500 24,704,049 Meituan , Class B (a) (b) (c) ...................... 57,638,360 576,631,675 Metallurgical Corp. of China Ltd. , Class A (a) ....... 13,347,900 5,082,935 MH Development Ltd. , NVS (a) (d) ............... 3,308,000 4

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Schedule of Investments (continued) August 31, 2026

iShares ® ® Core MSCI Emerging Markets ETF (Percentages shown are based on Net Assets)

8 2026 i S h a r e s A n n u a l F i n a n c i a l S t a t e m e n t s a n d NM1 A 26 d d i t i o n a l U-6054797-8 I 1 n 5 f 6 o r m a t i o n

Security Shares Value a China (continued) MicroPort NeuroScientific Corp. (c) .............. 593,000 $ 607,465 Microport Scientific Corp. (a) (c) ................. 11,360,900 8,787,274 Midea Group Co. Ltd. , Class A ................ 2,829,300 36,955,850 Midea Group Co. Ltd. , Class H ................ 4,688,700 60,499,196 MINISO Group Holding Ltd. .................. 5,287,504 12,410,569 Minth Group Ltd. ......................... 8,270,600 27,392,536 MMG Ltd. (a) ............................. 51,043,198 59,766,945 Montage Technology Co. Ltd. , Class A ........... 811,600 24,687,521 Muyuan Foods Group Co. Ltd. , Class A .......... 3,712,563 23,381,046 Nanjing Leads Biolabs Co. Ltd. , Class H (a) (c) ....... 219,700 2,019,858 Nantong Jianghai Capacitor Co. Ltd. , Class A ...... 594,400 5,609,383 Nanya New Material Technology Co. Ltd. , Class A ... 160,200 7,573,624 NARI Technology Co. Ltd. , Class A ............. 5,117,080 17,485,668 National Silicon Industry Group Co. Ltd. , Class A (a) .. 2,645,400 9,711,591 NAURA Technology Group Co. Ltd. , Class A ....... 508,701 52,957,039 NetEase Cloud Music, Inc. (a) (b) (c) ............... 1,043,550 12,049,172 NetEase, Inc. ........................... 20,095,335 489,713,857 New China Life Insurance Co. Ltd. , Class A ....... 1,448,301 12,946,997 New China Life Insurance Co. Ltd. , Class H ....... 10,846,500 63,999,521 New Hope Liuhe Co. Ltd. , Class A (a) ............ 2,772,844 2,929,647 New Horizon Health Ltd. (a) (b) (c) (d) ................ 2,592,000 3 New Oriental Education & Technology Group, Inc. ... 14,685,690 84,885,940 Newborn Town, Inc. (a) ...................... 7,966,000 8,955,754 Nexchip Semiconductor Corp. , Class A (a) ......... 1,503,351 8,657,907 Nexteer Automotive Group Ltd. ............... 10,806,000 6,971,341 Nine Dragons Paper Holdings Ltd. (a) ............ 19,633,000 17,059,074 Ningbo Deye Technology Corp. , Class A ......... 922,432 12,079,975 Ningbo Orient Wires & Cables Co. Ltd. , Class A .... 638,740 3,215,143 Ningbo Tuopu Group Co. Ltd. , Class A .......... 1,292,133 9,057,511 Ningxia Baofeng Energy Group Co. Ltd. , Class A ... 5,054,626 18,590,415 NIO, Inc. , Class A (a) (c) ...................... 20,214,685 86,475,376 Noah Holdings Ltd. , ADR ................... 499,367 4,279,575 Nongfu Spring Co. Ltd. , Class H (b) .............. 20,562,800 112,349,613 OmniVision Integrated Circuits Group, Inc. ........ 814,099 10,076,387 Onewo, Inc. , Class H (c) ..................... 2,768,500 6,741,408 Orient Overseas International Ltd. (c) ............ 1,437,000 28,744,715 Orient Securities Co. Ltd. , Class A ............. 6,355,467 8,688,322 PDD Holdings, Inc. , ADR (a) .................. 5,918,909 497,188,356 People's Insurance Co. Group of China Ltd. (The) , Class A .............................. 3,075,500 3,406,180 People's Insurance Co. Group of China Ltd. (The) , Class H ............................. 103,051,000 74,965,712 Peric Special Gases Co. Ltd. , Class A ........... 269,000 10,408,124 PetroChina Co. Ltd. , Class A ................. 17,097,337 29,077,467 PetroChina Co. Ltd. , Class H ................. 239,294,000 310,123,744 Phancy Group Co. Ltd. , Class H (a) (c) ............. 3,310,400 11,802,046 Pharmaron Beijing Co. Ltd. , Class A ............ 1,116,521 7,194,328 PICC Property & Casualty Co. Ltd. , Class H ....... 77,405,040 167,655,050 Ping An Bank Co. Ltd. , Class A ................ 10,980,936 19,152,997 Ping An Healthcare and Technology Co. Ltd. (a) (b) (c) ... 10,303,800 8,419,205 Ping An Insurance Group Co. of China Ltd. , Class A . 6,602,354 54,790,316 Ping An Insurance Group Co. of China Ltd. , Class H . 71,439,000 512,400,280 Piotech, Inc. , Class A ...................... 207,888 20,931,884 Poly Developments and Holdings Group Co. Ltd. , Class A .................................. 6,654,111 4,920,112 Poly Property Group Co. Ltd. ................. 27,542,000 4,771,977 Poly Property Services Co. Ltd. , Class H ......... 1,844,000 6,513,509 Pony AI, Inc. , Class A (a) (c) .................... 2,273,100 16,123,994 Pop Mart International Group Ltd. (b) (c) ............ 5,760,600 114,345,321 Postal Savings Bank of China Co. Ltd. , Class A ..... 18,952,300 14,838,662 Postal Savings Bank of China Co. Ltd. , Class H (b) ... 98,065,000 66,213,823 Power Construction Corp. of China Ltd. , Class A .... 12,055,058 8,267,066 Puya Semiconductor Shanghai Co. Ltd. , Class A .... 103,800 6,411,985 Q Technology Group Co. Ltd. (c) ................ 5,346,000 4,125,430

Security Shares Value a China (continued) Qfin Holdings, Inc. , ADR .................... 1,028,765 $ 8,909,105 Qinghai Salt Lake Industry Co. Ltd. , Class A (a) ...... 3,534,301 14,800,628 QuantumCTek Co. Ltd. , Class A ............... 82,000 4,665,415 Range Intelligent Computing Technology Group Co. Ltd. , Class A .......................... 1,125,716 11,062,500 Raytron Technology Co. Ltd. , Class A ........... 342,000 9,406,645 Remegen Co. Ltd. , Class A (a) ................. 240,400 4,355,061 Remegen Co. Ltd. , Class H (a) (b) ................ 2,187,500 22,449,058 REPT BATTERO Energy Co. Ltd. , Class H (a) ...... 1,089,600 1,418,934 RLX Technology, Inc. , ADR .................. 4,110,444 7,522,113 RoboSense Technology Co. Ltd. (a) (c) ............ 3,133,100 7,191,770 RoboTechnik Intelligent Technology Co. Ltd. , Class A (a) 123,300 10,425,964 Rockchip Electronics Co. Ltd. , Class A .......... 295,700 8,551,438 Rongsheng Petrochemical Co. Ltd. , Class A ....... 5,990,545 13,232,665 SAIC Motor Corp. Ltd. , Class A ............... 5,298,890 8,195,322 Sailun Group Co. Ltd. , Class A ................ 2,795,200 6,320,515 Sanan Optoelectronics Co. Ltd. , Class A (a) ........ 3,849,500 7,490,921 Sangfor Technologies, Inc. , Class A ............ 296,509 5,921,099 Sany Heavy Equipment International Holdings Co. Ltd. 13,750,000 15,940,428 Sany Heavy Industry Co. Ltd. , Class A ........... 5,112,115 15,214,742 Satellite Chemical Co. Ltd. , Class A ............ 2,436,907 10,335,322 SDIC Capital Co. Ltd. , Class A ................ 4,790,514 4,646,655 SDIC Power Holdings Co. Ltd. , Class A .......... 4,715,600 9,616,225 Seazen Group Ltd. (a) (c) ..................... 27,536,000 4,804,670 SenseTime Group, Inc. , Class B (a) (b) (c) ........... 323,985,000 59,242,987 Seres Group Co. Ltd. , Class A ................ 1,200,687 8,864,482 SF Holding Co. Ltd. , Class A ................. 2,965,292 14,030,569 SG Micro Corp. , Class A .................... 467,635 7,921,190 Shaanxi Coal Industry Co. Ltd. , Class A .......... 6,622,381 27,246,840 Shandong Gold Mining Co. Ltd. , Class A ......... 2,494,886 14,068,333 Shandong Gold Mining Co. Ltd. , Class H (b) ........ 10,776,250 37,263,285 Shandong Himile Mechanical Science & Technology Co. Ltd. , Class A ....................... 716,000 4,672,364 Shandong Hualu Hengsheng Chemical Co. Ltd. , Class A .................................. 1,674,388 5,342,977 Shandong Nanshan Aluminum Co. Ltd. , Class A .... 7,980,100 5,748,899 Shandong Sinocera Functional Material Co. Ltd. , Class A .................................. 402,500 4,192,034 Shandong Sun Paper Industry JSC Ltd. , Class A .... 1,543,500 3,423,801 Shandong Weigao Group Medical Polymer Co. Ltd. , Class H ............................. 27,774,000 11,376,282 Shanghai Allist Pharmaceuticals Co. Ltd. , Class A ... 293,363 4,867,735 Shanghai Baosight Software Co. Ltd. , Class A ..... 1,430,389 3,753,055 Shanghai BOCHU Electronic Technology Corp. Ltd. , Class A .............................. 339,628 4,999,834 Shanghai Chicmax Cosmetic Co. Ltd. , Class H (c) .... 898,100 2,481,721 Shanghai Chlor-Alkali Chemical Co. Ltd. , Class B ... 7,516,009 4,554,629 Shanghai Conant Optical Co. Ltd. , Class H (c) ...... 2,337,400 13,343,848 Shanghai Electric Group Co. Ltd. , Class A ........ 8,952,200 8,852,123 Shanghai Electric Power Co. Ltd. , Class A ........ 2,033,800 4,026,704 Shanghai Fosun Pharmaceutical Group Co. Ltd. , Class A .................................. 1,083,631 3,605,793 Shanghai Henlius Biotech, Inc. , Class H (a) (b) ....... 278,100 2,332,898 Shanghai Industrial Holdings Ltd. (c) ............. 6,744,000 11,820,837 Shanghai International Airport Co. Ltd. , Class A ..... 791,091 2,746,099 Shanghai MicroPort MedBot Group Co. Ltd. , Class H (a) 4,521,500 12,144,241 Shanghai Pharmaceuticals Holding Co. Ltd. , Class A . 603,500 1,459,471 Shanghai Pudong Development Bank Co. Ltd. , Class A 21,596,006 29,445,300 Shanghai Putailai New Energy Technology Group Co. Ltd. ................................ 1,559,518 5,453,076 Shanghai RAAS Blood Products Co. Ltd. , Class A ... 4,636,334 3,361,289 Shanghai Rural Commercial Bank Co. Ltd. , Class A .. 6,811,200 9,023,852 Shanghai Stonehill Technology Co. Ltd. , Class A .... 3,699,600 3,550,850 Shanghai United Imaging Healthcare Co. Ltd. , Class A 547,424 8,508,698

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iShares ® Schedule of Investments ® Core MSCI Emerging Markets ETF (continued) August 31, 2026 (Percentages shown are based on Net Assets)

S c h e d u l e o f I n v e s t m e n t s 9

Security Shares Value a China (continued) Shanghai Zhangjiang High-Tech Park Development Co. Ltd. , Class A .......................... 1,021,500 $ 4,594,977 Shanjin International Gold Co. Ltd. , Class A ....... 1,948,400 7,621,743 Shannon Semiconductor Technology Co. Ltd. , Class A 358,918 9,524,560 Shanxi Coking Coal Energy Group Co. Ltd. , Class A . 5,419,100 5,989,257 Shanxi Lu'an Environmental Energy Development Co. Ltd. , Class A .......................... 2,521,200 6,741,069 Shanxi Xinghuacun Fen Wine Factory Co. Ltd. , Class A 799,439 13,893,974 Sharetronic Data Technology Co. Ltd. , Class A ..... 357,600 14,035,286 Shenergy Co. Ltd. , Class A .................. 3,302,000 4,225,389 Shengyi Electronics Co. Ltd. , Class A ........... 502,600 9,616,442 Shengyi Technology Co. Ltd. , Class A ........... 1,737,108 39,551,088 Shennan Circuits Co. Ltd. , Class A ............. 508,862 27,890,609 Shenwan Hongyuan Group Co. Ltd. , Class A ...... 16,582,537 11,273,287 Shenyang Fortune Precision Equipment Co. Ltd. , Class A (a) ................................. 204,400 6,216,635 Shenzhen Dobot Corp. Ltd. , Class H (a) (c) .......... 1,052,200 3,181,295 Shenzhen Envicool Technology Co. Ltd. , Class A ... 887,510 8,989,593 Shenzhen Everwin Precision Technology Co. Ltd. , Class A .............................. 868,202 3,192,344 Shenzhen Fastprint Circuit Tech Co. Ltd. , Class A ... 1,241,600 6,655,059 Shenzhen Inovance Technology Co. Ltd. , Class A ... 1,059,285 9,745,180 Shenzhen International Holdings Ltd. (c) .......... 14,342,750 9,328,432 Shenzhen Investment Ltd. (a) (c) ................. 36,510,000 3,139,085 Shenzhen Kaifa Technology Co. Ltd. , Class A ...... 1,073,100 6,028,221 Shenzhen Kedali Industry Co. Ltd. , Class A ....... 179,200 4,725,632 Shenzhen Kinwong Electronic Co. Ltd. , Class A .... 687,400 9,845,203 Shenzhen Longsys Electronics Co. Ltd. , Class A .... 302,000 17,119,438 Shenzhen Megmeet Electrical Co. Ltd. , Class A .... 422,978 8,201,734 Shenzhen Mindray Bio-Medical Electronics Co. Ltd. , Class A .............................. 733,246 18,050,929 Shenzhen New Industries Biomedical Engineering Co. Ltd. , Class A .......................... 551,900 4,101,740 Shenzhen Salubris Pharmaceuticals Co. Ltd. , Class A 724,400 3,445,540 Shenzhen Sunway Communication Co. Ltd. , Class A . 672,800 6,137,107 Shenzhen Techwinsemi Technology Co. Ltd. , Class A 153,900 9,979,789 Shenzhen Transsion Holdings Co. Ltd. , Class A .... 766,884 6,526,601 Shenzhou International Group Holdings Ltd. (c) ...... 9,315,000 41,566,349 Shoucheng Holdings Ltd. (c) .................. 35,838,800 6,523,028 Shougang Fushan Resources Group Ltd. (c) ....... 28,436,000 11,064,662 Sichuan Biokin Pharmaceutical Co. Ltd. , Class A (a) .. 186,400 7,409,858 Sichuan Changhong Electric Co. Ltd. , Class A ..... 3,091,900 3,208,073 Sichuan Chuantou Energy Co. Ltd. , Class A ....... 3,342,978 7,737,684 Sichuan Huafeng Technology Co. Ltd. , Class A (a) .... 328,739 6,653,279 Sichuan Kelun Pharmaceutical Co. Ltd. , Class A .... 1,093,820 6,616,029 Sichuan Kelun-Biotech Biopharmaceutical Co. Ltd. , Class H (a) (c) ........................... 670,800 42,446,483 Sichuan Road and Bridge Group Co. Ltd. , Class A ... 4,825,452 6,505,606 Sihuan Pharmaceutical Holdings Group Ltd. (c) ...... 63,284,000 6,039,160 Simcere Pharmaceutical Group Ltd. (b) ........... 10,291,000 14,536,367 Sino Biopharmaceutical Ltd. ................. 112,552,000 78,035,265 Sinofert Holdings Ltd. ...................... 35,750,000 6,120,057 Sinoma Science & Technology Co. Ltd. , Class A .... 1,100,900 8,732,958 Sinomine Resource Group Co. Ltd. , Class A ....... 418,000 3,349,578 Sinopec Engineering Group Co. Ltd. , Class H ...... 19,009,500 12,319,816 Sinopec Kantons Holdings Ltd. (c) .............. 17,610,000 8,368,651 Sinopharm Group Co. Ltd. , Class H ............ 13,887,200 27,363,861 Sinotruk Hong Kong Ltd. .................... 9,043,500 46,299,337 Skyverse Technology Co. Ltd. , Class A (a) ......... 250,600 13,635,884 Skyworth Group Ltd. (a) ..................... 9,274,000 4,999,625 SMI Holdings Group Ltd. , NVS (a) (c) (d) ............ 11,875,953 15 Smoore International Holdings Ltd. (b) (c) ........... 21,325,000 28,581,174 SooChow Securities Co. Ltd. , Class A ........... 3,415,740 4,319,173 Spring Airlines Co. Ltd. , Class A ............... 624,910 4,044,447

Security Shares Value a China (continued) SSY Group Ltd. .......................... 16,376,411 $ 5,640,015 Sun Art Retail Group Ltd. (c) .................. 30,387,000 4,032,754 Sunac China Holdings Ltd. (a) (c) ................ 106,510,837 8,197,455 Sungrow Power Supply Co. Ltd. , Class A ......... 1,464,184 19,911,544 Sunny Optical Technology Group Co. Ltd. ........ 7,481,500 67,619,956 Sunshine Lake Pharma Co. Ltd. , Class H (a) (c) ...... 993,154 4,834,981 Sunwoda Electronic Co. Ltd. , Class A ........... 1,405,200 3,639,028 SUPCON Technology Co. Ltd. , Class A .......... 597,106 8,678,029 Superb Summit International Group Ltd. , NVS (a) (d) ... 998,771 1 Suzhou Centec Communications Co. Ltd. , Class A (a) . 239,200 13,857,979 Suzhou Dongshan Precision Manufacturing Co. Ltd. , Class A (a) ............................. 1,281,558 37,709,385 Suzhou Everbright Photonics Co. Ltd. , Class A (a) .... 132,800 5,810,826 Suzhou Maxwell Technologies Co. Ltd. , Class A .... 189,500 6,272,701 Suzhou TFC Optical Communication Co. Ltd. , Class A 776,614 30,496,902 SY Holdings Group Ltd. (c) ................... 7,520,500 6,222,837 TAL Education Group , ADR (a) ................. 3,411,143 40,046,819 Tanwan, Inc. (a) (c) .......................... 439,200 584,571 TBEA Co. Ltd. , Class A ..................... 3,765,987 10,712,732 TCL Electronics Holdings Ltd. (a) ............... 12,205,000 25,984,703 TCL Technology Group Corp. , Class A ........... 13,513,212 10,230,855 TCL Zhonghuan Renewable Energy Technology Co. Ltd. , Class A (a) ......................... 3,181,231 4,497,191 Tencent Holdings Ltd. ...................... 70,177,100 4,030,633,818 Tencent Music Entertainment Group , ADR ........ 6,504,491 53,792,141 Tianfeng Securities Co. Ltd. , Class A (a) .......... 2,811,000 1,609,951 Tiangong International Co. Ltd. (c) .............. 17,988,000 7,381,155 Tianneng Power International Ltd. (c) ............ 8,742,000 4,855,123 Tianqi Lithium Corp. , Class A (a) ................ 1,045,297 7,751,571 Tianshan Aluminum Group Co. Ltd. , Class A ....... 2,822,340 5,550,079 Tianshui Huatian Technology Co. Ltd. , Class A ..... 2,519,336 6,379,756 Tingyi Cayman Islands Holding Corp. ........... 21,950,000 35,668,457 Tongcheng Travel Holdings Ltd. (b) (c) ............. 14,932,800 22,886,772 TongFu Microelectronics Co. Ltd. , Class A ........ 1,107,500 10,620,795 Tongguan Gold Group Ltd. .................. 26,936,000 11,343,479 Tongkun Group Co. Ltd. .................... 1,399,500 5,761,985 Tongling Nonferrous Metals Group Co. Ltd. , Class A . 10,062,000 9,983,376 Tongwei Co. Ltd. , Class A (a) .................. 3,115,777 5,369,707 Topsports International Holdings Ltd. (b) (c) ......... 26,824,000 3,782,077 Towngas Smart Energy Co. Ltd. (c) .............. 14,399,000 5,665,002 TravelSky Technology Ltd. , Class H ............ 11,055,000 12,268,262 Trip.com Group Ltd. (a) ...................... 6,718,341 301,565,999 Tsingtao Brewery Co. Ltd. , Class A ............. 227,082 1,713,566 Tsingtao Brewery Co. Ltd. , Class H ............. 7,112,000 36,903,753 Tuya, Inc. , ADR .......................... 3,231,597 6,075,402 UBTech Robotics Corp. Ltd. , Class H (a) (c) ......... 2,970,700 32,012,786 Unigroup Guoxin Microelectronics Co. Ltd. , Class A .. 634,233 6,020,658 Unisplendour Corp. Ltd. , Class A .............. 1,988,519 11,506,393 United Nova Technology Co. Ltd. , Class A (a) ....... 5,582,400 7,274,899 Universal Scientific Industrial Shanghai Co. Ltd. , Class A .................................. 1,392,800 5,609,518 Up Fintech Holding Ltd. , ADR (a) (c) .............. 1,004,397 5,062,161 Verisilicon Microelectronics Shanghai Co. Ltd. , Class A (a) ................................. 375,516 11,159,469 Victory Giant Technology Huizhou Co. Ltd. , Class A .. 623,800 22,524,262 Vipshop Holdings Ltd. , ADR .................. 3,145,183 41,201,897 Vnet Group, Inc. , Class A , ADR (a) (c) ............. 1,620,056 9,817,539 VOYAH Automobile Technology Co. Ltd. , Class H (a) .. 9,267,099 3,079,792 Wanhua Chemical Group Co. Ltd. , Class A ........ 2,019,275 22,910,917 Want Want China Holdings Ltd. ............... 51,922,000 20,368,842 Wanxiang Qianchao Co. Ltd. , Class A ........... 2,164,340 3,623,458 Wasion Holdings Ltd. ...................... 5,440,000 10,752,107 Weibo Corp. , Class A ...................... 949,689 6,486,726 Weichai Power Co. Ltd. , Class A ............... 4,748,914 19,156,092

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Schedule of Investments (continued) August 31, 2026

iShares ® ® Core MSCI Emerging Markets ETF (Percentages shown are based on Net Assets)

10 2026 i S h a r e s A n n u a l F i n a n c i a l S t a t e m e n t s a n d NM1 A 26 d d i t i o n a l U-6054797- I 0 n 1 f 5 o r m a t i o n 6

Security Shares Value a China (continued) Weichai Power Co. Ltd. , Class H .............. 22,264,000 $ 89,936,594 Weilong Delicious Global Holdings Ltd. (c) ......... 2,277,600 2,247,798 Weimob, Inc. (a) (b) (c) ........................ 40,750,000 5,207,056 Wens Foodstuff Group Co. Ltd. , Class A ......... 4,536,441 9,635,767 WeRide, Inc. , Class A (a) (c) .................... 1,123,500 2,172,597 West China Cement Ltd. (c) ................... 27,198,000 6,824,025 Western Mining Co. Ltd. , Class A .............. 1,743,900 10,197,834 Western Superconducting Technologies Co. Ltd. , Class A .................................. 504,362 3,744,391 Wintime Energy Group Co. Ltd. , Class A (a) ........ 14,874,000 3,473,643 Wolong Electric Group Co. Ltd. , Class A ......... 997,700 4,370,777 Wuhan Guide Infrared Co. Ltd. , Class A (a) ........ 3,148,242 6,071,194 Wuhan Jingce Electronic Group Co. Ltd. ......... 193,500 6,247,807 Wuliangye Yibin Co. Ltd. , Class A .............. 2,599,481 27,566,271 WUS Printed Circuit Kunshan Co. Ltd. , Class A ..... 1,426,996 26,472,945 WuXi AppTec Co. Ltd. , Class A ................ 1,811,279 41,724,885 WuXi AppTec Co. Ltd. , Class H (b) (c) ............. 4,507,607 108,554,944 Wuxi Biologics Cayman, Inc. (a) (b) ............... 40,119,500 248,823,135 WuXi XDC Cayman, Inc. (a) (c) .................. 4,432,000 39,381,032 XCMG Construction Machinery Co. Ltd. , Class A .... 8,845,959 10,381,095 XD, Inc. (a) .............................. 3,358,000 18,316,723 Xiamen Tungsten Co. Ltd. , Class A ............. 1,117,004 8,944,059 Xiaomi Corp. , Class B (a) (b) (c) .................. 195,355,600 685,776,954 Xinyi Solar Holdings Ltd. (c) ................... 50,024,800 14,370,719 XPeng, Inc. , Class A (a) ..................... 14,219,250 80,810,943 XtalPi Holdings Ltd. (a) (c) ..................... 29,928,000 28,321,486 Xtep International Holdings Ltd. (c) .............. 18,007,000 8,426,841 Yadea Group Holdings Ltd. (b) ................. 13,786,000 16,462,051 Yangtze Optical Fibre & Cable Joint Stock Ltd. Co. , Class A .............................. 208,700 13,013,341 Yangtze Optical Fibre & Cable Joint Stock Ltd. Co. , Class H (b) ............................ 4,685,000 99,085,518 Yankuang Energy Group Co. Ltd. , Class A ........ 4,152,626 14,614,307 Yankuang Energy Group Co. Ltd. , Class H ........ 37,142,700 66,221,182 Yantai Jereh Oilfield Services Group Co. Ltd. , Class A 738,068 14,284,145 Yealink Network Technology Corp. Ltd. , Class A .... 1,051,061 6,475,091 Yidu Tech, Inc. (b) (c) ........................ 9,277,200 4,560,731 Yihai International Holding Ltd. ................ 6,000,000 12,092,874 Yixin Group Ltd. (b) (c) ....................... 25,178,000 3,907,729 Yonyou Network Technology Co. Ltd. , Class A (a) .... 2,620,083 4,007,816 Youyuan International Holdings Ltd. , NVS (a) (c) (d) ..... 4,800,100 6 YTO Express Group Co. Ltd. , Class A ........... 2,469,847 6,224,459 Yuanjie Semiconductor Technology Co. Ltd. , Class A . 89,800 20,471,627 Yuexiu Property Co. Ltd. (c) ................... 15,885,576 6,592,227 Yuexiu Transport Infrastructure Ltd. ............. 14,924,000 6,615,025 Yum China Holdings, Inc. ................... 3,764,497 168,470,654 Yunnan Aluminium Co. Ltd. , Class A ............ 2,184,953 8,818,905 Yunnan Baiyao Group Co. Ltd. , Class A .......... 801,398 6,013,283 Yunnan Energy New Material Group Co. Ltd. , Class A (a) 644,600 5,109,571 Yunnan Tin Co. Ltd. , Class A ................. 1,060,000 5,690,731 Yunnan Yuntianhua Co. Ltd. , Class A ........... 1,366,000 6,387,431 Yutong Bus Co. Ltd. , Class A ................. 1,660,700 7,363,915 Z.AI Co. Ltd. (a) ........................... 462,900 70,055,609 Zai Lab Ltd. (a) (c) .......................... 12,059,790 30,344,522 Zangge Mining Co. Ltd. , Class A ............... 1,142,446 13,291,442 Zhangzhou Pientzehuang Pharmaceutical Co. Ltd. , Class A .............................. 292,944 5,325,422 Zhaojin Mining Industry Co. Ltd. , Class H ......... 19,148,000 56,236,372 Zhejiang Century Huatong Group Co. Ltd. , Class A .. 5,408,500 11,366,769 Zhejiang China Commodities City Group Co. Ltd. , Class A .............................. 3,754,420 6,966,433 Zhejiang Chint Electrics Co. Ltd. , Class A ......... 1,628,948 6,219,646 Zhejiang Dahua Technology Co. Ltd. , Class A ...... 2,114,258 5,161,876 Zhejiang Huayou Cobalt Co. Ltd. , Class A ........ 1,142,547 6,714,379

Security Shares Value a China (continued) Zhejiang Jingsheng Mechanical & Electrical Co. Ltd. , Class A .............................. 950,194 $ 6,098,692 Zhejiang Juhua Co. Ltd. , Class A .............. 1,938,600 11,699,393 Zhejiang Leapmotor Technology Co. Ltd. , Class H (a) (b) (c) 5,885,400 27,512,045 Zhejiang Longsheng Group Co. Ltd. , Class A ...... 1,682,200 3,187,579 Zhejiang NHU Co. Ltd. , Class A ............... 2,309,434 9,288,337 Zhejiang Sanhua Intelligent Controls Co. Ltd. , Class A 1,421,500 7,667,462 Zhejiang Zheneng Electric Power Co. Ltd. , Class A .. 7,190,500 5,219,671 Zheshang Securities Co. Ltd. , Class A ........... 4,890,900 6,832,053 ZhongAn Online P&C Insurance Co. Ltd. , Class H (a) (b) 11,748,900 17,062,577 Zhongji Innolight Co. Ltd. , Class A ............. 768,068 97,641,019 Zhongjin Gold Corp. Ltd. , Class A .............. 3,484,740 13,297,064 Zhongsheng Group Holdings Ltd. (a) ............. 8,305,500 4,517,368 Zhongtai Securities Co. Ltd. , Class A ............ 7,747,100 6,557,388 Zhuzhou CRRC Times Electric Co. Ltd. , Class A .... 479,425 3,356,759 Zhuzhou CRRC Times Electric Co. Ltd. , Class H .... 5,847,300 23,521,808 Zijin Mining Group Co. Ltd. , Class A ............ 14,543,450 72,846,722 Zijin Mining Group Co. Ltd. , Class H (c) ........... 67,916,000 316,683,937 ZJLD Group, Inc. (b) ........................ 1,766,400 1,759,989 Zoomlion Heavy Industry Science and Technology Co. Ltd. , Class A .......................... 4,743,094 4,719,090 ZTE Corp. , Class A ....................... 2,474,639 12,584,084 ZTE Corp. , Class H (c) ...................... 9,024,840 27,320,253 ZTO Express Cayman, Inc. .................. 4,422,679 93,931,034 Zylox-Tonbridge Medical Technology Co. Ltd. , Class H (b) ................................. 859,000 2,341,496 30,654,947,342 a Colombia — 0 .1 % Cementos Argos SA ....................... 6,971,477 23,784,212 Grupo Argos SA .......................... 3,775,076 23,650,938 Grupo Cibest SA ......................... 2,859,985 75,396,984 Interconexion Electrica SA ESP ............... 5,483,772 48,540,545 Mineros SA ............................. 293,342 1,726,799 173,099,478 a Cyprus — 0 .0 % ASBISc Enterprises PLC .................... 166,318 5,940,407 a Czech Republic — 0 .1 % CEZ A.S. .............................. 1,519,116 100,782,174 Colt CZ Group SE ........................ 11,215 512,472 Komercni Banka A.S. ...................... 889,178 45,437,352 Moneta Money Bank A.S. (b) .................. 3,035,058 28,452,164 Philip Morris CR A.S. ...................... 1,183 1,086,255 176,270,417 a Egypt — 0 .1 % Abou Kir Fertilizers & Chemical Industries ........ 830,513 1,324,628 Abu Dhabi Islamic Bank .................... 290,969 312,941 Commercial International Bank - Egypt (CIB) ...... 27,866,667 74,708,100 Eastern Co. SAE ......................... 14,217,096 10,014,631 EFG Holding S.A.E. ....................... 14,783,837 7,439,502 E-Finance for Digital & Financial Investments ...... 12,274,366 5,527,191 Fawry for Banking & Payment Technology Services SAE (a) ............................... 18,889,704 7,000,143 Talaat Moustafa Group ..................... 7,998,653 15,254,290 Telecom Egypt Co. ........................ 5,261,549 11,999,828 133,581,254 a Greece — 0 .6 % Aegean Airlines SA ....................... 337,761 4,775,523 Aktor SA Holding Company Technical And Energy Projects (a) (c) ........................... 887,932 10,610,242 Allwyn AG (c) ............................ 2,041,810 32,008,938 Alpha Bank SA .......................... 18,426,321 97,728,340

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iShares ® Schedule of Investments ® Core MSCI Emerging Markets ETF (continued) August 31, 2026 (Percentages shown are based on Net Assets)

S c h e d u l e o f I n v e s t m e n t s 11

Security Shares Value a Greece (continued) Athens International Airport SA ................ 440,520 $ 5,362,467 Athens Water Supply & Sewage Co. SA (a) ........ 531,680 7,864,075 Autohellas Tourist and Trading SA ............. 43,676 598,636 Bally's Intralot SA (c) ....................... 7,501,884 9,973,630 CrediaBank SA (a) ......................... 8,115,976 9,581,880 Eurobank SA ............................ 28,581,593 151,607,815 FF Group (a) (d) ............................ 343,633 4 GEK TERNA SA ......................... 778,118 42,042,996 Hellenic Telecommunications Organization SA ..... 1,755,651 40,290,963 HELLENiQ ENERGY Holdings SA ............. 694,401 12,510,073 Holding Co. ADMIE IPTO SA ................. 2,040,589 10,677,954 JUMBO SA ............................. 1,296,036 39,059,441 LAMDA Development SA (a) .................. 880,469 6,510,789 Motor Oil Hellas Corinth Refineries SA .......... 665,887 46,523,660 National Bank of Greece SA ................. 9,670,648 188,998,564 Optima bank SA ......................... 1,753,074 24,786,054 Piraeus Bank SA (a) ........................ 12,517,869 148,936,915 Public Power Corp. SA ..................... 2,691,286 74,801,192 Sarantis SA ............................ 254,153 4,251,042 Titan SA ............................... 435,827 27,619,959 997,121,152 a Hong Kong — 0 .1 % China Lumena New Materials Corp. , NVS (a) (c) (d) ..... 43,450 — China Renewable Energy Investment Ltd. (a) (d) ...... 8,046 — FIH Mobile Ltd. (c) ......................... 3,669,000 7,858,169 Precision Tsugami China Corp. Ltd. (c) ........... 1,706,500 11,490,269 Zijin Gold International Co. Ltd. (c) .............. 3,861,700 74,404,564 93,753,002 a Hungary — 0 .3 % Magyar Telekom Telecommunications PLC ........ 3,666,240 29,495,740 MOL Hungarian Oil & Gas PLC (a) .............. 4,235,006 68,075,849 OTP Bank Nyrt .......................... 2,484,498 357,351,960 Richter Gedeon Nyrt ....................... 1,481,936 61,775,118 516,698,667 a India — 12 .6 % 360 ONE WAM Ltd. ....................... 2,395,801 29,546,627 3M India Ltd. ............................ 37,559 13,141,350 Aadhar Housing Finance Ltd. (a) ................ 152,726 750,231 Aarti Industries Ltd. (a) ...................... 2,242,825 12,340,495 Aarti Pharmalabs Ltd. ...................... 646,218 5,738,716 Aavas Financiers Ltd. (a) ..................... 499,015 6,599,950 ABB India Ltd. ........................... 544,548 43,642,982 ACC Ltd. .............................. 960,941 12,875,426 Acme Solar Holdings Ltd. ................... 936,521 3,949,802 Action Construction Equipment Ltd. ............ 596,834 6,951,315 Acutaas Chemicals Ltd. .................... 620,185 20,554,191 Adani Energy Solutions Ltd. (a) ................ 2,330,761 34,653,234 Adani Enterprises Ltd. ..................... 2,767,299 82,980,732 Adani Ports & Special Economic Zone Ltd. ........ 6,173,083 103,166,208 Adani Power Ltd. (a) ........................ 36,913,319 76,704,924 Aditya Birla Capital Ltd. (a) ................... 8,785,917 37,726,560 Aditya Birla Fashion and Retail Ltd. (a) ........... 7,829,043 4,278,558 Aditya Birla Lifestyle Brands Ltd. .............. 5,337,291 4,853,859 Aditya Birla Real Estate Ltd. ................. 633,421 9,013,987 Aditya Birla Sun Life Asset Management Co. Ltd. ... 236,780 2,612,868 Aditya Infotech Ltd. ....................... 272,664 10,200,868 Aditya Vision Ltd. (b) ........................ 148,900 938,567 Aegis Logistics Ltd. ....................... 1,408,432 18,695,218 Aether Industries Ltd. (a) ..................... 160,897 2,857,113 Afcons Infrastructure Ltd. ................... 1,985,302 5,950,621 Affle 3i Ltd. (a) ............................ 823,822 13,814,796 AIA Engineering Ltd. ....................... 523,280 23,381,434

Security Shares Value a India (continued) Ajanta Pharma Ltd. ....................... 569,548 $ 21,537,321 Alembic Pharmaceuticals Ltd. ................ 777,001 6,812,501 Alivus Life Sciences Ltd. .................... 34,410 507,648 Alkem Laboratories Ltd. .................... 490,275 27,434,702 Alkyl Amines Chemicals .................... 259,037 5,448,978 Allied Blenders & Distillers Ltd. ................ 87,802 569,767 Amagi Media Labs Ltd. (a) .................... 291,741 1,739,450 Amara Raja Energy & Mobility Ltd. ............. 1,304,578 12,217,767 Amber Enterprises India Ltd. (a) ................ 251,319 20,098,353 Ambuja Cements Ltd. ...................... 6,993,549 29,423,070 Anand Rathi Wealth Ltd. .................... 973,708 22,536,494 Anant Raj Ltd. ........................... 1,478,198 9,358,707 Angel One Ltd. .......................... 5,148,792 15,492,086 Anthem Biosciences Ltd. .................... 472,683 4,431,588 Anupam Rasayan India Ltd. (a) ................ 70,942 940,253 Apar Industries Ltd. (a) ...................... 205,862 38,202,436 APL Apollo Tubes Ltd. (a) .................... 2,117,010 49,367,094 Apollo Hospitals Enterprise Ltd. ............... 1,174,342 109,662,268 Apollo Tyres Ltd. ......................... 3,493,603 16,109,918 Aptus Value Housing Finance India Ltd. .......... 3,921,801 10,237,076 Archean Chemical Industries Ltd. .............. 697,370 3,552,965 Arvind Fashions Ltd. ....................... 40,171 190,721 Arvind Ltd. (a) ............................ 1,692,935 9,868,286 Asahi India Glass Ltd. ...................... 860,848 8,608,587 Ashapura Minechem Ltd. ................... 435,347 2,577,732 Ashok Leyland Ltd. ....................... 32,822,065 60,459,147 Asian Paints Ltd. ......................... 4,435,825 123,297,191 ASK Automotive Ltd. ...................... 302,952 2,099,977 Aster DM Quality Care Ltd. (b) ................. 2,657,787 21,098,735 Astra Microwave Products Ltd. ................ 619,646 10,840,464 Astral Ltd. .............................. 1,283,869 20,506,632 AstraZeneca Pharma India Ltd. ............... 97,947 7,149,453 Ather Energy Ltd. (a) ....................... 1,417,788 25,570,574 Atul Ltd. ............................... 161,761 10,855,913 AU Small Finance Bank Ltd. (b) ................ 6,310,001 71,925,354 Aurobindo Pharma Ltd. (a) .................... 2,925,678 52,705,680 Authum Investment & Infrastructure Ltd. (a) ........ 2,291,616 13,485,147 Avalon Technologies Ltd. (a) (b) ................. 216,236 5,386,066 Avanti Feeds Ltd. ......................... 506,585 4,381,473 Avenue Supermarts Ltd. (a) (b) .................. 1,711,777 70,054,615 AvenuesAI Ltd. (a) ......................... 18,889,353 2,977,521 AWL Agri Business Ltd. ..................... 4,776,735 9,648,660 Axis Bank Ltd. ........................... 25,514,601 347,831,339 Azad Engineering Ltd. (a) .................... 378,878 11,370,945 Bajaj Auto Ltd. ........................... 747,162 95,209,505 Bajaj Finance Ltd. ........................ 28,349,562 314,324,008 Bajaj Finserv Ltd. ......................... 4,408,231 93,451,441 Bajaj Holdings & Investment Ltd. .............. 329,551 40,266,604 Balkrishna Industries Ltd. ................... 908,836 21,741,605 Balrampur Chini Mills Ltd. ................... 1,929,465 14,058,273 Banco Products India Ltd. ................... 123,511 810,670 Bandhan Bank Ltd. (b) ...................... 9,019,784 15,467,622 Bank of Baroda .......................... 11,858,872 29,680,836 BASF India Ltd. .......................... 169,544 6,741,049 Bata India Ltd. ........................... 751,392 5,380,205 Bayer CropScience Ltd. .................... 182,500 7,613,888 Belrise Industries Ltd. ...................... 2,228,744 5,436,115 BEML Ltd. ............................. 525,427 10,675,627 Bharat Electronics Ltd. ..................... 39,936,735 173,695,936 Bharat Forge Ltd. ......................... 2,884,454 63,690,838 Bharat Heavy Electricals Ltd. ................. 13,717,040 63,672,165 Bharat Petroleum Corp. Ltd. ................. 17,998,415 61,175,096 Bharti Airtel Ltd. .......................... 31,720,318 602,958,088 Bikaji Foods International Ltd. ................ 343,853 2,258,872

NM1026U-6054797-11/156

Page 12

Schedule of Investments (continued) August 31, 2026

iShares ® ® Core MSCI Emerging Markets ETF (Percentages shown are based on Net Assets)

12 2026 i S h a r e s A n n u a l F i n a n c i a l S t a t e m e n t s a n d NM1 A 26 d d i t i o n a l U-6054797- I 2 n 1 f 5 o r m a t i o n 6

Security Shares Value a India (continued) Billionbrains Garage Ventures Ltd. (a) (b) ........... 15,739,856 $ 31,664,411 Biocon Ltd. ............................. 7,143,724 30,879,472 Birla Corp. Ltd. .......................... 430,466 3,939,734 Birlasoft Ltd. ............................ 2,144,001 6,547,529 Black Box Ltd. ........................... 242,263 1,900,730 BlackBuck Ltd. (a) ......................... 1,331,873 8,297,563 BLS International Services Ltd. ............... 1,692,662 4,269,172 Blue Dart Express Ltd. (a) .................... 96,871 5,009,987 Blue Star Ltd. ........................... 1,502,949 23,078,769 Bluestone Jewellery And Lifestyle Ltd. (a) .......... 601,495 5,158,261 Borosil Renewables Ltd. (a) ................... 845,320 4,456,275 Bosch Ltd. ............................. 83,416 43,818,196 BrainBees Solutions Ltd. (a) ................... 382,791 732,428 Brigade Enterprises Ltd. .................... 2,155,922 14,830,995 Britannia Industries Ltd. .................... 1,250,339 68,906,308 Brookfield India Real Estate Trust (b) ............. 4,636,896 16,643,448 BSE Ltd. .............................. 1,743,584 59,998,404 Can Fin Homes Ltd. ....................... 1,253,126 10,459,944 Canara Bank ............................ 20,253,997 26,944,013 Canara HSBC Life Insurance Co. Ltd. ........... 2,650,623 4,344,351 Caplin Point Laboratories Ltd. ................ 19,247 508,780 Capri Global Capital Ltd. .................... 791,840 2,130,018 Carborundum Universal Ltd. ................. 1,292,615 15,008,219 Cartrade Tech Ltd. (a) ....................... 498,845 15,655,892 Castrol India Ltd. ......................... 3,722,630 7,211,887 CCL Products India Ltd. .................... 938,311 10,629,384 Ceat Ltd. .............................. 280,640 10,066,683 Cemindia Projects Ltd. ..................... 470,523 6,046,032 Central Depository Services India Ltd. ........... 1,242,632 18,274,698 Century Plyboards India Ltd. ................. 741,480 5,893,086 CESC Ltd. ............................. 7,851,785 12,047,637 CG Power & Industrial Solutions Ltd. ............ 7,570,568 72,772,112 Chalet Hotels Ltd. ........................ 1,040,274 9,868,665 Chambal Fertilisers and Chemicals Ltd. .......... 1,888,660 8,112,118 Chennai Petroleum Corp. Ltd. ................ 589,392 8,460,526 Choice International Ltd. (a) ................... 73,422 601,232 Cholamandalam Financial Holdings Ltd. ......... 1,182,476 18,429,660 Cholamandalam Investment and Finance Co. Ltd. ... 4,833,011 94,140,370 CIE Automotive India Ltd. ................... 1,862,435 7,643,875 Cipla Ltd. .............................. 5,853,784 86,546,669 City Union Bank Ltd. ....................... 7,109,055 17,092,719 Clean Max Enviro Energy Solutions Ltd. (a) ........ 38,219 500,679 Clean Science & Technology Ltd. .............. 416,747 3,597,697 Coal India Ltd. ........................... 18,173,760 76,653,523 Coforge Ltd. ............................ 3,646,402 75,865,353 Cohance Lifesciences Ltd. (a) ................. 1,503,867 7,189,243 Colgate-Palmolive India Ltd. ................. 1,366,011 27,213,762 Computer Age Management Services Ltd. ........ 2,593,724 21,279,676 Concord Biotech Ltd. ...................... 283,390 4,305,169 Container Corp. Of India Ltd. ................. 3,106,054 16,680,550 Coromandel International Ltd. ................ 1,368,412 27,382,808 Craftsman Automation Ltd. .................. 159,108 18,726,769 CreditAccess Grameen Ltd. (a) ................. 703,365 10,071,633 CRISIL Ltd. ............................. 233,775 11,832,335 Crompton Greaves Consumer Electricals Ltd. ...... 7,449,577 18,426,065 CSB Bank Ltd. (a) ......................... 104,934 378,025 Cummins India Ltd. ....................... 1,588,836 85,091,603 Cyient Ltd. ............................. 1,007,783 12,415,545 Dabur India Ltd. .......................... 5,040,170 20,156,035 Dalmia Bharat Ltd. ........................ 130,826 2,547,745 Data Patterns India Ltd. .................... 307,075 14,564,391 Deepak Fertilisers & Petrochemicals Corp. Ltd. ..... 807,651 11,925,407 Deepak Nitrite Ltd. ........................ 706,896 12,978,860 Delhivery Ltd. (a) .......................... 5,993,012 28,685,953

Security Shares Value a India (continued) Devyani International Ltd. (a) .................. 5,556,875 $ 8,088,121 Divi's Laboratories Ltd. ..................... 1,349,972 134,130,831 Dixon Technologies India Ltd. ................ 419,520 65,310,036 DLF Ltd. ............................... 7,442,347 53,922,581 Dodla Dairy Ltd. .......................... 233,694 2,650,925 Doms Industries Ltd. ...................... 20,975 491,083 Dr Lal PathLabs Ltd. (b) ..................... 891,568 18,123,353 Dr Reddy's Laboratories Ltd. ................. 5,742,491 69,949,583 Dr. Agarwal's Health Care Ltd. (a) ............... 763,017 4,109,408 Dynamatic Technologies Ltd. ................. 5,938 745,578 eClerx Services Ltd. ....................... 516,038 10,706,058 Edelweiss Financial Services Ltd. .............. 7,436,774 9,927,297 Eicher Motors Ltd. ........................ 1,549,005 129,344,440 EID Parry India Ltd. (a) ...................... 1,227,674 10,300,457 EIH Ltd. ............................... 2,996,644 8,876,875 Elecon Engineering Co. Ltd. ................. 1,023,560 4,423,358 Elgi Equipments Ltd. ...................... 2,433,194 16,011,274 Emami Ltd. ............................. 2,271,969 8,682,578 Embassy Developments Ltd. (a) ................ 3,233,538 2,108,668 Embassy Office Parks REIT .................. 9,477,215 43,646,657 Emcure Pharmaceuticals Ltd. (a) ............... 71,245 1,386,492 Emmvee Photovoltaic Power Ltd. (a) (b) ............ 1,150,216 3,878,034 Endurance Technologies Ltd. (b) ................ 481,287 14,506,292 Engineers India Ltd. ....................... 3,874,824 10,638,828 EPL Ltd. ............................... 1,730,210 4,755,419 Equitas Small Finance Bank Ltd. (a) (b) ............ 7,014,590 5,438,025 Eris Lifesciences Ltd. (b) ..................... 609,378 8,298,706 Escorts Kubota Ltd. ....................... 71,805 2,256,894 Eternal Ltd. (a) ............................ 53,104,820 182,701,975 Exide Industries Ltd. ....................... 4,141,684 19,132,998 Federal Bank Ltd. ........................ 20,913,051 78,235,694 Fine Organic Industries Ltd. .................. 132,538 7,352,832 Finolex Cables Ltd. ....................... 911,401 11,922,145 Finolex Industries Ltd. ..................... 3,954,334 6,545,246 Firstsource Solutions Ltd. ................... 3,699,046 10,268,227 Five-Star Business Finance Ltd. ............... 2,214,466 12,426,347 Force Motors Ltd. ........................ 53,761 9,874,946 Fortis Healthcare Ltd. ...................... 5,751,187 54,776,179 Fractal Analytics Ltd. (a) ..................... 298,423 2,666,993 FSN E-Commerce Ventures Ltd. (a) ............. 13,898,105 50,926,257 Gabriel India Ltd. ......................... 732,481 11,064,183 GAIL India Ltd. .......................... 25,432,190 47,360,158 Garden Reach Shipbuilders & Engineers Ltd. ...... 342,610 9,219,002 Garware Hi-Tech Films Ltd. .................. 80,026 5,994,627 GE Vernova T&D India Ltd. .................. 1,449,063 67,612,230 Genus Power Infrastructures Ltd. .............. 1,226,802 4,310,524 Genus Prime Infra Ltd. (a) .................... 191,906 81,697 Gillette India Ltd. ......................... 89,106 6,851,851 Gland Pharma Ltd. (b) ....................... 474,980 14,404,704 GlaxoSmithKline Pharmaceuticals Ltd. .......... 494,637 15,835,403 Glenmark Pharmaceuticals Ltd. ............... 1,631,521 42,489,563 Global Health Ltd. ........................ 993,759 15,433,641 GMR Airports Ltd. (a) ....................... 31,165,438 30,611,614 Go Digit General Insurance Ltd. (a) .............. 3,153,458 8,515,405 Godawari Power and Ispat Ltd. ............... 2,841,158 7,263,048 Godfrey Phillips India Ltd. ................... 464,641 10,262,051 Godrej Consumer Products Ltd. ............... 4,465,569 42,233,514 Godrej Properties Ltd. ..................... 1,682,286 35,535,139 Granules India Ltd. ........................ 1,605,303 13,961,898 Graphite India Ltd. ........................ 1,050,582 7,744,687 Grasim Industries Ltd. ...................... 3,074,301 108,724,185 Gravita India Ltd. (a) ........................ 429,095 8,100,838 Great Eastern Shipping Co. Ltd. (The) ........... 1,202,959 16,431,262 Grindwell Norton Ltd. ...................... 559,088 11,879,193

a n d A d d i t i o n a l I n f o NM1026U-6054797-12/156

Page 13

iShares ® Schedule of Investments ® Core MSCI Emerging Markets ETF (continued) August 31, 2026 (Percentages shown are based on Net Assets)

S c h e d u l e o f I n v e s t m e n t s 13

Security Shares Value a India (continued) GSPL Transmission Ltd. (a) ................... 1,452,653 $ 2,289,600 Gujarat Energy Ltd. ....................... 4,252,867 11,050,941 Gujarat Fluorochemicals Ltd. ................. 347,235 17,088,786 Gujarat Mineral Development Corp. Ltd. ......... 953,967 5,637,946 Gujarat Narmada Valley Fertilizers & Chemicals Ltd. . 1,232,053 7,426,499 Gujarat Pipavav Port Ltd. ................... 4,985,117 8,767,011 Gujarat State Fertilizers & Chemicals Ltd. ........ 3,233,932 5,365,350 Happiest Minds Technologies Ltd. .............. 1,392,922 5,942,743 Happy Forgings Ltd. ....................... 76,876 1,944,452 Havells India Ltd. ......................... 2,333,180 30,463,164 HBL Engineering Ltd. ...................... 1,397,670 9,635,987 HCL Technologies Ltd. ..................... 10,094,906 138,803,166 HDFC Asset Management Co. Ltd. (b) ............ 2,130,070 58,558,985 HDFC Bank Ltd. ......................... 129,994,925 965,732,013 HDFC Life Insurance Co. Ltd. (b) ............... 10,942,544 62,374,712 HealthCare Global Enterprises Ltd. ............. 84,833 653,347 HEG Ltd. .............................. 870,112 6,652,988 Hero MotoCorp Ltd. ....................... 1,360,260

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