The Markets in Review

Dear Shareholder,

The 12-month reporting period as of February 28, 2022 saw a continuation of the resurgent growth that followed the initial coronavirus (or “COVID-19”) pandemic reopening, albeit at a slower pace. The global economy weathered the emergence of several variant strains and the resulting peaks and troughs in infections amid optimism that increasing vaccinations and economic adaptation could help contain the pandemic’s disruptions. However, rapid changes in consumer spending led to supply constraints and elevated inflation. Moreover, while the foremost effect of Russia’s invasion of Ukraine has been a severe humanitarian crisis, the invasion has presented challenges for both investors and policymakers.

Equity prices were mixed, as persistently high inflation drove investors’ expectations for higher interest rates, which particularly weighed on relatively high valuation growth stocks and economically sensitive small-capitalization stocks. Overall, small-capitalization U.S. stocks declined, while large-capitalization U.S. stocks posted a solid advance. International equities from developed markets gained slightly, although emerging market stocks declined, pressured by rising interest rates and a strengthening U.S. dollar.

The 10-year U.S. Treasury yield (which is inversely related to bond prices) rose during the reporting period as the economy expanded rapidly and inflation reached its highest annualized reading in decades. In the corporate bond market, the improving economy assuaged credit concerns and led to modest returns for high-yield corporate bonds, outpacing the negative return of investment-grade corporate bonds.

The U.S. Federal Reserve (the “Fed”) maintained accommodative monetary policy during the reporting period by keeping near-zero interest rates. However, the Fed’s tone shifted during the period, as it reduced its bond-buying program and raised the prospect of higher rates in 2022. Continued high inflation and the Fed’s new stance led many analysts to anticipate that the Fed will raise interest rates multiple times throughout the year.

Looking ahead, however, the horrific war in Ukraine has significantly clouded the outlook for the global economy. Sanctions on Russia and general wartime disruption are likely to drive already-high commodity prices even further upwards, and we have already seen spikes in energy and metal markets. While this will exacerbate inflationary pressure, it could also constrain economic growth, making the Fed’s way forward less clear. Its challenge will be combating inflation without stifling a recovery that is now facing additional supply shocks.

In this environment, we favor an overweight to equities, as we believe low interest rates and continued economic growth will support further gains, albeit likely more modest than what we saw in 2021. Sectors that are better poised to manage the transition to a lower-carbon world, such as technology and health care, are particularly attractive in the long term. U.S. and other developed market equities have room for further growth, while we believe Chinese equities stand to gain from a more accommodative monetary and fiscal environment. We are underweight long-term credit, but inflation-protected U.S. Treasuries, Asian fixed income, and emerging market local-currency bonds offer potential opportunities. We believe that international diversification and a focus on sustainability can help provide portfolio resilience, and the disruption created by the coronavirus appears to be accelerating the shift toward sustainable investments.

Overall, our view is that investors need to think globally, extend their scope across a broad array of asset classes, and be nimble as market conditions change. We encourage you to talk with your financial advisor and visit iShares.com for further insight about investing in today’s markets.

Sincerely,

LOGO

Rob Kapito

President, BlackRock, Inc.

LOGO

Rob Kapito

President, BlackRock, Inc.


Total Returns as of February 28, 2022

	6-Month			12-Month

U.S. large cap equities (S&P 500^® Index)		(2.62	)%		16.39	%

U.S. small cap equities (Russell 2000^® Index)		(9.46	)		(6.01	)

International equities (MSCI Europe, Australasia, Far East Index)		(6.78	)		2.83

Emerging market equities (MSCI Emerging Markets Index)		(9.81	)		(10.69	)

3-month Treasury bills (ICE BofA 3-Month U.S. Treasury Bill Index)		0.02			0.04

U.S. Treasury securities (ICE BofA 10-Year U.S. Treasury Index)		(3.94	)		(1.67	)

U.S. investment grade bonds (Bloomberg U.S. Aggregate Bond Index)		(4.07	)		(2.64	)

Tax-exempt municipal bonds (Bloomberg Municipal Bond Index)		(3.09	)		(0.66	)

U.S. high yield bonds (Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index)		(3.07	)		0.64

Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index.

The iShares Core MSCI Emerging Markets ETF (the “Fund”) seeks to track the investment results of an index composed of large-, mid- and small-capitalization emerging market equities, as represented by the MSCI Emerging Markets Investable Market Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

The inception date of the Fund was 10/18/12. The first day of secondary market trading was 10/22/12.

Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 8 for more information.

The iShares MSCI BRIC ETF (the “Fund”) seeks to track the investment results of an index composed of Chinese equities that are available to international investors, and Brazilian, Russian, and Indian equities, as represented by the MSCI BRIC Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

In response to recent negative developments that led to a material deterioration in the accessibility of the Russian equity market to international institutional investors, MSCI announced on March 2, 2022 that they would remove all Russian securities from their indexes effective March 9, 2022. On March 8, 2022, the Board approved a proposal to change the name of the Fund from iShares MSCI BRIC ETF to iShares MSCI BIC ETF and to change the Fund’s investment objective. These changes became effective on March 10, 2022.

The iShares MSCI Emerging Markets Asia ETF (the “Fund”) seeks to track the investment results of an index composed of Asian emerging market equities, as represented by the MSCI EM Asia Custom Capped Index (the “Index”) The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Index performance through May 31, 2018 reflects the performance of the MSCI Emerging Markets Asia. Index performance beginning on June 1, 2018 reflects the performance of the MSCI EM Asia Custom Capped Index.

The iShares MSCI Emerging Markets Small-Cap ETF (the “Fund”) seeks to track the investment results of an index composed of small-capitalization emerging market equities, as represented by the MSCI Emerging Markets Small Cap Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.

Past performance is not an indication of future results. Financial markets have experienced extreme volatility and trading in many instruments has been disrupted. These circumstances may continue for an extended period of time and may continue to affect adversely the value and liquidity of each Fund’s investments. As a result, current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at iShares.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are redeemed or sold in the market. Performance for certain funds may reflect a waiver of a portion of investment advisory fees. Without such a waiver, performance would have been lower.

Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. Beginning August 10, 2020, the price used to calculate market return (“Market Price”) is the closing price. Prior to August 10, 2020, Market Price was determined using the midpoint between the highest bid and the lowest ask on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of a fund may not trade in the secondary market until after the fund’s inception, for the period from inception to the first day of secondary market trading in shares of the fund, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.

An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower.

Shareholders of each Fund may incur the following charges: (1) transactional expenses, including brokerage commissions on purchases and sales of fund shares and (2) ongoing expenses, including management fees and other fund expenses. The expense examples shown (which are based on a hypothetical investment of $1,000 invested at the beginning of the period and held through the end of the period) are intended to assist shareholders both in calculating expenses based on an investment in each Fund and in comparing these expenses with similar costs of investing in other funds.

The expense examples provide information about actual account values and actual expenses. Annualized expense ratios reflect contractual and voluntary fee waivers, if any. In order to estimate the expenses a shareholder paid during the period covered by this report, shareholders can divide their account value by $1,000 and then multiply the result by the number under the heading entitled “Expenses Paid During Period.”

The expense examples also provide information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses. In order to assist shareholders in comparing the ongoing expenses of investing in a Funds and other funds, compare the 5% hypothetical examples with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

The expenses shown in the expense examples are intended to highlight shareholders’ ongoing costs only and do not reflect any transactional expenses, such as brokerage commissions and other fees paid on purchases and sales of fund shares. Therefore, the hypothetical examples are useful in comparing ongoing expenses only and will not help shareholders determine the relative total expenses of owning different funds. If these transactional expenses were included, shareholder expenses would have been higher.


Security	Shares		Value

Common Stocks

Brazil — 3.9%
3R Petroleum Oleo E Gas SA^(a)		1,394,830	$	9,244,057
AES Brasil Energia SA		2,007,017		4,464,448
Aliansce Sonae Shopping Centers SA		1,537,476		6,556,572
Alupar Investimento SA		1,725,541		8,613,332
Ambev SA		40,088,258		117,649,501
Americanas SA		5,521,429		32,356,488
Anima Holding SA^(a)		2,980,163		4,129,482
Arezzo Industria e Comercio SA		574,268		9,004,929
Atacadao SA		3,353,082		12,359,973
B3 SA - Brasil, Bolsa, Balcao		51,816,519		145,779,812
Banco Bradesco SA		12,556,115		41,182,176
Banco BTG Pactual SA		10,001,886		49,692,244
Banco do Brasil SA		7,003,555		47,351,566
Banco Inter SA		3,011,818		11,678,328
Banco Santander Brasil SA		3,431,063		20,336,736
BB Seguridade Participacoes SA		5,491,609		24,215,329
BR Malls Participacoes SA^(a)		6,650,472		12,055,016
BR Properties SA		2,615,828		3,802,016
BRF SA^(a)		5,726,052		18,057,395
Camil Alimentos SA		1,635,078		2,899,947
CCR SA		10,266,954		23,357,704
Centrais Eletricas Brasileiras SA		2,797,400		18,878,970
Cia Brasileira de Distribuicao		1,537,733		7,050,156
Cia. de Locacao das Americas, NVS		2,996,540		14,621,575
Cia. de Saneamento Basico do Estado de Sao Paulo		2,787,604		22,368,340
Cia. de Saneamento de Minas Gerais-COPASA		1,924,860		5,285,404
Cia. de Saneamento do Parana		1,729,880		6,760,274
Cia. Siderurgica Nacional SA		6,085,320		29,950,320
Cielo SA, NVS		12,264,777		6,103,182
Cogna Educacao^(a)		17,174,257		7,535,411
Cosan SA		8,915,784		36,552,776
CVC Brasil Operadora e Agencia de Viagens SA^(a)		2,248,345		5,389,046
Cyrela Brazil Realty SA Empreendimentos e Participacoes, NVS		2,462,727		7,190,585
Dexco SA		3,422,159		9,117,804
EcoRodovias Infraestrutura e Logistica SA^(a)		3,062,023		3,835,791
EDP - Energias do Brasil SA		2,753,055		11,055,008
Embraer SA^(a)		6,365,599		21,678,641
Enauta Participacoes SA		1,367,701		4,585,431
Energisa SA		1,382,816		11,799,141
Eneva SA^(a)		6,047,235		15,717,893
Engie Brasil Energia SA		1,365,162		10,576,134
Equatorial Energia SA		7,877,967		38,958,860
Ez Tec Empreendimentos e Participacoes SA		1,116,320		3,763,556
Fleury SA		1,951,768		6,774,641
GPS Participacoes e Empreendimentos SA^(b)		2,020,423		5,922,933
Grendene SA		3,592,452		5,815,674
GRUPO DE MODA SOMA SA^(a)		4,242,424		10,658,510
Grupo Mateus SA^(a)		4,401,587		5,071,219
Grupo SBF SA^(a)		1,099,661		4,855,036
Guararapes Confeccoes SA		980,061		2,300,162
Hapvida Participacoes e Investimentos SA^(b)		35,730,419		83,637,595
Hypera SA		3,073,139		19,935,444
Iguatemi SA^(a)		1,704,628		6,293,084
Instituto Hermes Pardini SA		634,769		2,266,580
Iochpe Maxion SA, NVS		1,298,788		3,273,419
IRB Brasil Resseguros S/A^(a)		8,959,356		5,286,175


Security	Shares		Value

Brazil (continued)
JBS SA		6,562,122	$	45,966,323
JHSF Participacoes SA		3,605,330		3,827,258
Klabin SA		6,236,373		28,011,521
Light SA		3,113,445		5,917,302
Localiza Rent a Car SA		5,212,082		58,022,681
Locaweb Servicos de Internet SA^(a)(b)		3,882,427		7,548,184
LOG Commercial Properties e Participacoes SA		709,082		3,794,183
Lojas Quero Quero S/A		1,990,574		3,089,533
Lojas Renner SA		8,321,051		41,129,568
M. Dias Branco SA		1,035,960		4,575,053
Magazine Luiza SA		25,524,203		29,447,277
Marfrig Global Foods SA		3,388,138		14,580,628
Meliuz SA^(b)		5,389,457		2,439,946
Minerva SA		2,896,325		6,095,818
Movida Participacoes SA		1,633,254		5,158,283
MRV Engenharia e Participacoes SA		3,073,348		7,064,041
Multiplan Empreendimentos Imobiliarios SA, NVS		2,321,227		9,867,086
Natura & Co. Holding SA^(a)		7,662,429		34,193,235
Odontoprev SA		2,639,366		5,882,823
Omega Energia SA^(a)		3,083,905		6,483,043
Pet Center Comercio e Participacoes SA		2,470,363		8,326,721
Petro Rio SA^(a)		5,813,410		29,544,417
Petroleo Brasileiro SA		32,110,752		228,320,842
Qualicorp Consultoria e Corretora de Seguros SA		2,025,035		5,027,582
Raia Drogasil SA		9,296,836		42,088,065
Rede D’Or Sao Luiz SA^(b)		3,310,989		32,616,447
Rumo SA^(a)		11,031,537		33,049,065
Santos Brasil Participacoes SA, NVS		4,803,787		5,992,780
Sao Martinho SA		1,720,441		13,299,999
Sendas Distribuidora SA		6,793,679		17,684,337
SIMPAR SA		3,813,956		7,746,415
SLC Agricola SA		1,151,348		9,780,979
Smartfit Escola de Ginastica e Danca SA^(a)		1,290,007		4,594,703
Sul America SA		2,399,213		16,342,176
Suzano SA		6,429,372		69,301,982
Telefonica Brasil SA		4,082,016		40,030,918
TIM SA		6,752,696		17,911,443
TOTVS SA		4,443,117		28,463,624
Transmissora Alianca de Energia Eletrica SA		1,688,876		12,941,907
Ultrapar Participacoes SA		6,072,091		17,076,848
Vale SA		34,314,764		636,665,049
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA		2,030,937		4,320,931
Via S/A^(a)		10,640,317		7,795,845
Vibra Energia SA		10,076,905		45,899,458
Vivara Participacoes SA		1,106,075		5,597,007
WEG SA		14,378,921		81,467,910
YDUQS Participacoes SA		2,517,365		10,330,416


				2,820,963,473

Chile — 0.4%
Aguas Andinas SA, Class A		27,965,298		5,898,304
Banco de Chile		369,662,817		39,192,428
Banco de Credito e Inversiones SA		452,644		16,181,797
Banco Santander Chile		532,273,604		26,136,650
CAP SA		682,382		7,890,426
Cencosud SA		12,271,510		22,571,471
Cencosud Shopping SA		4,241,835		4,553,922
Cia. Cervecerias Unidas SA		1,059,183		8,397,259
Colbun SA		68,884,951		5,016,397
Empresa Nacional de Telecomunicaciones SA		1,635,047		6,076,188


Security	Shares		Value

Chile (continued)
Empresas CMPC SA		9,320,811	$	15,399,398
Empresas COPEC SA		3,367,265		26,122,426
Enel Americas SA		179,597,321		21,029,308
Enel Chile SA		201,216,096		6,596,424
Engie Energia Chile SA		6,957,015		4,221,912
Falabella SA		6,173,993		20,317,319
Inversiones Aguas Metropolitanas SA		5,823,303		2,918,169
Itau CorpBanca Chile SA^(a)		2,989,053,113		5,865,302
Parque Arauco SA^(a)		5,637,665		5,626,309
SMU SA		22,133,721		2,218,379
Vina Concha y Toro SA		4,799,923		7,050,938


				259,280,726

China — 29.3%
360 DigiTech Inc., ADR		726,075		13,613,906
360 Security Technology Inc., Class A^(a)		4,624,588		7,697,806
361 Degrees International Ltd.^(a)		9,639,000		4,738,807
3SBio Inc.^(a)(b)		10,494,000		8,340,311
51job Inc., ADR^(a)(c)		253,087		13,109,907
AAC Technologies Holdings Inc.		6,081,500		16,628,038
Advanced Micro-Fabrication Equipment Inc., Class A^(a)		356,217		7,267,483
AECC Aviation Power Co. Ltd., Class A		1,425,316		11,444,044
Agile Group Holdings Ltd.^(c)		9,726,500		4,431,609
Agora Inc., ADR^(a)(c)		446,804		5,397,392
Agricultural Bank of China Ltd., Class A		41,256,235		19,490,978
Agricultural Bank of China Ltd., Class H		212,728,000		80,564,149
Aier Eye Hospital Group Co. Ltd., Class A		2,814,524		16,273,909
Air China Ltd., Class A^(a)		3,445,500		5,396,140
Air China Ltd., Class H^(a)(c)		16,206,000		12,463,693
AK Medical Holdings Ltd.^(b)(c)		4,722,000		3,252,217
Akeso Inc.^(a)(b)(c)		2,473,000		6,530,562
Alibaba Group Holding Ltd.^(a)		129,439,504		1,703,925,292
Alibaba Health Information Technology Ltd.^(a)(c)		34,234,000		23,971,729
Alibaba Pictures Group Ltd.^(a)(c)		111,730,000		11,170,684
A-Living Smart City Services Co. Ltd., Class A^(b)		4,680,000		8,388,996
Alphamab Oncology^(a)(b)(c)		3,773,000		4,484,062
Aluminum Corp. of China Ltd., Class A^(a)		6,753,100		6,987,309
Aluminum Corp. of China Ltd., Class H^(a)(c)		34,736,000		24,552,230
Anhui Conch Cement Co. Ltd., Class A		2,174,429		13,920,101
Anhui Conch Cement Co. Ltd., Class H		10,187,500		54,671,477
Anhui Gujing Distillery Co. Ltd., Class A		227,155		7,981,219
Anhui Gujing Distillery Co. Ltd., Class B		901,180		13,213,883
Anhui Kouzi Distillery Co. Ltd., Class A		482,708		5,798,603
Anjoy Foods Group Co Ltd., Class A		174,100		3,415,262
ANTA Sports Products Ltd.^(c)		9,199,200		140,501,235
Ascentage Pharma Group International^(a)(b)(c)		1,545,700		3,627,821
Asia Cement China Holdings Corp		5,390,000		3,369,456
Asymchem Laboratories Tianjin Co. Ltd., Class A		153,600		8,277,447
Autobio Diagnostics Co. Ltd., Class A		408,237		3,352,214
Autohome Inc., ADR		643,580		19,687,112
Avary Holding Shenzhen Co. Ltd., Class A		837,100		4,613,042
AVIC Electromechanical Systems Co. Ltd., Class A		2,255,200		4,462,529
AVIC Industry-Finance Holdings Co. Ltd., Class A		10,176,091		6,284,775
AviChina Industry & Technology Co. Ltd., Class H		21,661,000		13,447,959
Baidu Inc., ADR^(a)		2,367,640		360,923,042
Bank of Beijing Co. Ltd., Class A		16,831,506		12,036,701
Bank of Chengdu Co. Ltd., Class A		3,466,008		7,926,539
Bank of China Ltd., Class A		18,391,100		9,031,981
Bank of China Ltd., Class H		683,868,000		266,230,969


Security	Shares		Value

China (continued)
Bank of Communications Co. Ltd., Class A		19,740,080	$	14,964,311
Bank of Communications Co. Ltd., Class H		71,342,000		48,907,029
Bank of Hangzhou Co. Ltd., Class A		4,350,997		9,889,711
Bank of Jiangsu Co. Ltd., Class A		11,371,008		12,003,573
Bank of Nanjing Co. Ltd., Class A		7,519,222		11,642,591
Bank of Ningbo Co. Ltd., Class A		3,473,193		21,000,826
Bank of Shanghai Co. Ltd., Class A		10,237,235		11,346,450
Baoshan Iron & Steel Co. Ltd., Class A		12,174,673		13,954,180
Baozun Inc., ADR^(a)(c)		515,945		5,432,901
BBMG Corp., Class A		17,920,236		8,195,166
BeiGene Ltd., ADR^(a)(c)		403,270		84,896,400
Beijing Capital International Airport Co. Ltd., Class H^(a)		16,424,000		10,519,727
Beijing Chunlizhengda Medical Instruments Co. Ltd., Class H^(a)(c)		1,042,000		1,431,866
Beijing Energy International Holding Co. Ltd.^(a)		67,348,852		2,246,938
Beijing Enlight Media Co. Ltd., Class A		2,371,294		3,552,947
Beijing Enterprises Holdings Ltd.		3,695,000		12,631,365
Beijing Enterprises Water Group Ltd.		36,918,000		14,585,704
Beijing Gas Blue Sky Holdings Ltd.^(a)(d)		92,816,000		716,317
Beijing Kingsoft Office Software Inc., Class A		237,051		8,042,346
Beijing New Building Materials PLC, Class A		1,158,519		5,494,732
Beijing Roborock Technology Co. Ltd., Class A		43,779		4,393,286
Beijing Shiji Information Technology Co. Ltd., Class A		819,559		3,113,313
Beijing Shunxin Agriculture Co. Ltd., Class A		626,600		2,711,972
Beijing Sinnet Technology Co. Ltd., Class A		1,643,687		3,915,072
Beijing Tiantan Biological Products Corp. Ltd., Class A		939,197		4,079,516
Beijing Tong Ren Tang Chinese Medicine Co. Ltd.		2,780,000		3,856,269
Beijing Wantai Biological Pharmacy Enterprise Co. Ltd., Class A		241,493		9,626,383
Beijing-Shanghai High Speed Railway Co. Ltd., Class A		20,708,000		16,965,392
BEST Inc., ADR^(a)(c)		1,982,911		1,388,236
Betta Pharmaceuticals Co. Ltd., Class A		297,194		2,848,183
BGI Genomics Co. Ltd., Class A		338,400		4,577,679
Bilibili Inc., ADR^(a)(c)		1,416,811		44,785,396
Bit Digital Inc.^(a)		529,840		2,082,271
BOC Aviation Ltd.^(b)		1,727,000		15,012,810
BOE Technology Group Co. Ltd., Class A		18,817,100		14,043,953
Bosideng International Holdings Ltd.^(c)		28,046,000		15,957,254
Burning Rock Biotech Ltd., ADR^(a)(c)		419,281		3,534,539
BYD Co. Ltd., Class A		1,027,586		41,321,088
BYD Co. Ltd., Class H		7,025,500		217,701,584
BYD Electronic International Co. Ltd.		5,800,500		16,367,918
By-Health Co Ltd, Class A		1,247,700		4,912,447
C&D International Investment Group Ltd.^(c)		5,093,000		9,471,151
Caitong Securities Co. Ltd., Class A		4,266,331		6,352,962
Canaan Inc., ADR^(a)(c)		847,615		4,466,931
CanSino Biologics Inc., Class H^(a)(b)(c)		684,200		12,365,792
Canvest Environmental Protection Group Co. Ltd.		11,492,000		5,593,721
Central China Management Co. Ltd.		11,308,000		1,515,677
Central China Real Estate Ltd.		9,984,000		819,702
CGN New Energy Holdings Co. Ltd.^(c)		12,680,000		8,439,002
CGN Power Co. Ltd., Class H^(b)		88,055,000		24,964,560
Changchun High & New Technology Industry Group Inc., Class A		216,842		6,292,089
Changjiang Securities Co. Ltd., Class A		6,991,896		7,668,294


Security	Shares		Value

China (continued)
Changzhou Xingyu Automotive Lighting Systems Co. Ltd., Class A		243,536	$	5,975,729
Chaozhou Three-Circle Group Co. Ltd., Class A		1,460,253		8,087,234
China Aircraft Leasing Group Holdings Ltd.		5,002,000		3,614,998
China Animal Healthcare Ltd.^(a)(d)		1,237,000		2
China Aoyuan Group Ltd.		10,262,000		1,710,525
China BlueChemical Ltd., Class H		20,554,000		6,154,501
China Bohai Bank Co. Ltd., Class H^(b)		23,488,000		3,907,353
China Cinda Asset Management Co. Ltd., Class H		67,607,000		12,203,978
China CITIC Bank Corp. Ltd., Class H		71,709,000		33,696,999
China Coal Energy Co. Ltd., Class H		17,670,000		11,014,310
China Communications Services Corp. Ltd., Class H		20,898,000		11,465,083
China Conch Venture Holdings Ltd.		14,168,500		68,182,194
China Construction Bank Corp., Class A		4,843,268		4,633,611
China Construction Bank Corp., Class H		820,279,000		615,180,174
China CSSC Holdings Ltd., Class A		2,711,701		9,427,329
China Datang Corp. Renewable Power Co. Ltd., Class H		22,535,000		8,539,579
China Dongxiang Group Co. Ltd.^(c)		39,790,000		3,004,133
China East Education Holdings Ltd.^(b)(c)		5,145,500		2,993,881
China Education Group Holdings Ltd.		7,793,000		6,676,460
China Energy Engineering Corp. Ltd.^(a)		16,610,625		7,099,906
China Everbright Bank Co. Ltd., Class A		20,483,182		10,854,543
China Everbright Bank Co. Ltd., Class H		22,767,000		8,467,223
China Everbright Environment Group Ltd.		32,024,148		22,992,548
China Everbright Greentech Ltd.^(b)(c)		14,308,000		4,729,506
China Everbright Ltd.		8,100,000		8,920,475
China Everbright Water Ltd.^(c)		10,957,800		2,546,070
China Evergrande Group^(c)		33,656,000		6,888,347
China Feihe Ltd.^(b)		30,090,000		35,905,180
China Fiber Optic Network System Group Ltd.^(d)		10,394,800		13
China Foods Ltd.		10,448,000		4,502,943
China Galaxy Securities Co. Ltd., Class H		35,197,500		20,146,454
China Gas Holdings Ltd.		25,927,000		40,974,308
China Greatwall Technology Group Co. Ltd., Class A		2,178,600		4,608,804
China Harmony Auto Holding Ltd.		7,952,500		3,755,115
China High Speed Transmission Equipment Group Co. Ltd.^(a)(c)		5,069,000		3,845,767
China Hongqiao Group Ltd.		20,002,000		28,002,966
China Huishan Dairy Holdings Co. Ltd.^(a)(d)		16,599,187		21
China Huiyuan Juice Group Ltd.^(a)(d)		10,877,000		14
China International Capital Corp. Ltd., Class H^(b)		13,896,800		33,809,830
China Jinmao Holdings Group Ltd.		46,732,000		15,540,420
China Jushi Co. Ltd., Class A		2,854,975		7,750,882
China Kepei Education Group Ltd.^(c)		8,308,000		2,492,311
China Lesso Group Holdings Ltd.		9,765,000		15,034,044
China Life Insurance Co. Ltd., Class A		1,626,721		7,428,772
China Life Insurance Co. Ltd., Class H		63,029,000		104,415,718
China Lilang Ltd.		5,456,000		3,030,857
China Literature Ltd.^(a)(b)(c)		3,543,400		19,230,557
China Logistics Property Holdings Co. Ltd.^(a)(b)(c)		13,857,000		7,678,040
China Longyuan Power Group Corp. Ltd., Class H		28,831,000		59,495,354
China Lumena New Materials Corp.^(a)(c)(d)		64,600		—
China Maple Leaf Educational Systems Ltd.^(a)		19,056,000		1,004,940
China Medical System Holdings Ltd.		11,772,000		20,961,850
China Meidong Auto Holdings Ltd.		5,022,000		23,646,027
China Mengniu Dairy Co. Ltd.		27,005,000		175,597,785
China Merchants Bank Co. Ltd., Class A		10,985,716		86,839,064


Security	Shares		Value

China (continued)
China Merchants Bank Co. Ltd., Class H		33,033,464	$	278,449,182
China Merchants Land Ltd.		26,226,000		2,620,996
China Merchants Port Holdings Co. Ltd.		12,018,270		22,659,202
China Merchants Securities Co. Ltd., Class A		3,866,381		9,728,374
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A		4,929,366		10,573,852
China Metal Recycling Holdings Ltd.^(a)(d)		62,400		—
China Minsheng Banking Corp. Ltd., Class A		18,128,617		11,235,030
China Minsheng Banking Corp. Ltd., Class H		45,819,220		17,846,518
China Modern Dairy Holdings Ltd.^(c)		28,392,000		5,246,889
China Molybdenum Co. Ltd., Class A		11,286,071		10,826,667
China Molybdenum Co. Ltd., Class H		26,298,000		15,828,838
China National Building Material Co. Ltd., Class H		34,482,850		44,235,571
China National Chemical Engineering Co. Ltd., Class A		4,722,422		7,836,045
China National Nuclear Power Co. Ltd., Class A		10,094,009		11,874,077
China New Higher Education Group Ltd.^(b)		10,035,000		3,686,533
China Northern Rare Earth Group High-Tech Co. Ltd., Class A		2,004,000		15,763,348
China Oilfield Services Ltd., Class H		14,966,000		17,061,186
China Oriental Group Co. Ltd.		13,828,000		4,019,518
China Overseas Grand Oceans Group Ltd.		15,649,500		9,028,109
China Overseas Land & Investment Ltd.		32,124,000		98,079,929
China Overseas Property Holdings Ltd.		11,745,000		12,751,946
China Pacific Insurance Group Co. Ltd., Class A		3,805,642		16,005,167
China Pacific Insurance Group Co. Ltd., Class H		22,028,600		61,340,326
China Petroleum & Chemical Corp., Class A		17,338,050		11,975,469
China Petroleum & Chemical Corp., Class H		203,330,200		101,154,081
China Power International Development Ltd.		46,662,000		26,449,758
China Railway Group Ltd., Class A		11,416,266		11,263,527
China Railway Group Ltd., Class H		32,737,000		19,221,721
China Renaissance Holdings Ltd.^(a)(b)		1,742,400		2,599,743
China Renewable Energy Investment Ltd.^(d)		8,046		—
China Resources Beer Holdings Co. Ltd.		12,564,000		99,625,002
China Resources Cement Holdings Ltd.		19,794,000		16,937,523
China Resources Gas Group Ltd.		7,938,000		36,459,149
China Resources Land Ltd.		27,391,777		133,241,755
China Resources Medical Holdings Co. Ltd.		9,194,000		5,182,934
China Resources Microelectronics Ltd.		562,966		5,228,789
China Resources Mixc Lifestyle Services Ltd.^(b)		4,902,400		25,216,287
China Resources Power Holdings Co. Ltd.		16,690,000		37,278,281
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A		1,053,527		5,972,455
China Ruyi Holdings Ltd.^(a)(c)		25,303,200		7,530,835
China SCE Group Holdings Ltd.		19,545,200		3,924,152
China Shenhua Energy Co. Ltd., Class A		3,751,429		15,019,706
China Shenhua Energy Co. Ltd., Class H		28,530,000		78,628,232
China Shineway Pharmaceutical Group Ltd.		4,310,000		3,529,803
China South City Holdings Ltd.		45,770,000		3,820,728
China Southern Airlines Co. Ltd., Class A^(a)		6,598,384		7,244,876
China Southern Airlines Co. Ltd., Class H^(a)(c)		13,020,000		8,237,300
China State Construction Engineering Corp. Ltd., Class A		19,634,319		15,861,498
China State Construction International Holdings Ltd.		17,448,000		24,572,304
China Suntien Green Energy Corp. Ltd., Class H		15,239,000		10,151,160
China Taiping Insurance Holdings Co. Ltd.		13,052,508		15,449,046
China Three Gorges Renewables Group Co. Ltd.		14,634,632		16,518,637
China Tobacco International HK Co. Ltd.^(c)		3,470,000		6,488,705


Security	Shares		Value

China (continued)
China Tourism Group Duty Free Corp. Ltd., Class A		1,013,579	$	32,737,478
China Tower Corp. Ltd., Class H^(b)		340,900,000		39,733,089
China Traditional Chinese Medicine Holdings Co. Ltd.		23,474,000		13,381,580
China Travel International Investment Hong Kong Ltd.^(a)		31,628,000		6,212,401
China United Network Communications Ltd., Class A		15,823,925		9,587,065
China Vanke Co. Ltd., Class A		5,379,668		16,374,041
China Vanke Co. Ltd., Class H		13,742,087		32,639,954
China Vast Industrial Urban Development Co. Ltd.^(b)		972,000		211,878
China Water Affairs Group Ltd.^(c)		9,026,000		9,971,604
China Yangtze Power Co. Ltd., Class A		11,911,330		43,823,129
China Yuchai International Ltd.		133,281		1,648,686
China Yuhua Education Corp. Ltd.^(b)(c)		14,946,000		3,869,498
China Zhenhua Group Science & Technology Co. Ltd., Class A		310,300		5,783,614
China Zheshang Bank Co. Ltd., Class A		19,060,700		10,357,735
China Zhongwang Holdings Ltd.^(a)(c)(d)		15,649,600		2,460,908
Chinasoft International Ltd.		22,718,000		20,727,921
Chindata Group Holdings Ltd., ADR^(a)(c)		930,165		5,106,606
Chongqing Brewery Co. Ltd., Class A^(a)		317,900		6,750,266
Chongqing Changan Automobile Co. Ltd., Class A		3,453,096		7,139,832
Chongqing Zhifei Biological Products Co. Ltd., Class A		832,576		17,039,549
CIFI Ever Sunshine Services Group Ltd.		6,574,000		11,955,262
CIFI Holdings Group Co. Ltd.		29,306,500		20,418,169
CIMC Enric Holdings Ltd.^(c)		7,368,000		8,812,668
CITIC Ltd.		49,570,000		57,844,434
CITIC Securities Co. Ltd., Class A		6,849,106		25,383,680
CITIC Securities Co. Ltd., Class H		21,718,900		52,618,408
CMGE Technology Group Ltd.^(a)(c)		14,908,000		5,271,485
COFCO Joycome Foods Ltd.^(a)(c)		21,791,000		9,506,652
Colour Life Services Group Co. Ltd.^(c)		4,454,000		445,964
Concord New Energy Group Ltd.		78,670,000		7,377,298
Contemporary Amperex Technology Co. Ltd., Class A		1,240,247		106,238,687
COSCO SHIPPING Holdings Co. Ltd., Class A^(a)		6,870,246		19,290,114
COSCO SHIPPING Holdings Co. Ltd., Class H^(a)		28,485,100		57,574,789
COSCO SHIPPING International Hong Kong Co. Ltd.		11,888,000		3,747,212
COSCO SHIPPING Ports Ltd.		16,030,000		13,209,899
Country Garden Holdings Co. Ltd.		65,131,733		50,602,904
Country Garden Services Holdings Co. Ltd.		16,940,000		101,334,362
CPMC Holdings Ltd.		7,749,000		4,285,354
CRRC Corp. Ltd., Class A		12,430,200		11,425,829
CRRC Corp. Ltd., Class H		37,530,000		16,679,608
CSC Financial Co. Ltd., Class A		2,367,992		9,695,294
CSPC Pharmaceutical Group Ltd.		76,783,760		91,016,602
CStone Pharmaceuticals^(a)(b)(c)		5,802,000		4,809,698
Dada Nexus Ltd., ADR^(a)		515,949		4,287,536
Dali Foods Group Co. Ltd.^(b)		18,016,000		9,488,707
Daqin Railway Co. Ltd., Class A		7,615,200		8,209,776
Daqo New Energy Corp., ADR^(a)		500,805		24,018,608
DaShenLin Pharmaceutical Group Co. Ltd., Class A		670,374		3,789,953
DHC Software Co. Ltd., Class A		3,668,498		4,809,638
DiDi Global Inc., ADR^(a)		1,896,225		7,774,522


Security	Shares		Value

China (continued)
Differ Group Holding Co. Ltd.^(a)(c)		29,544,000	$	9,121,677
Digital China Holdings Ltd.		9,098,000		4,966,754
Dongfeng Motor Group Co. Ltd., Class H		23,056,000		19,844,903
Dongxing Securities Co. Ltd., Class A		3,514,467		5,750,070
Dongyue Group Ltd.		12,773,000		18,530,297
DouYu International Holdings Ltd., ADR^(a)(c)		1,247,098		2,569,022
East Money Information Co. Ltd., Class A		5,581,993		23,791,970
Ecovacs Robotics Co. Ltd., Class A		300,000		6,433,796
EHang Holdings Ltd., ADR^(a)(c)		258,882		3,846,987
ENN Energy Holdings Ltd.		6,780,100		98,192,072
Eve Energy Co. Ltd., Class A		1,027,831		14,750,156
Everbright Securities Co. Ltd., Class A		2,541,786		5,367,567
Everest Medicines Ltd.^(a)(b)(c)		1,316,500		4,067,282
Excellence Commercial Property & Facilities Management Group Ltd.^(a)		4,223,000		2,531,304
Fangda Carbon New Material Co. Ltd., Class A		3,056,284		5,011,085
Fanhua Inc., ADR		440,827		2,944,724
Far East Horizon Ltd.		14,392,000		12,265,595
Fiberhome Telecommunication Technologies Co. Ltd., Class A		1,342,698		3,669,220
FinVolution Group, ADR		1,023,213		4,164,477
Fire Rock Holdings Ltd.		19,116,000		1,214,800
First Capital Securities Co. Ltd., Class A		3,750,900		3,793,705
Flat Glass Group Co. Ltd., Class A		775,200		6,069,029
Flat Glass Group Co. Ltd., Class H^(c)		3,565,000		14,741,894
Focus Media Information Technology Co. Ltd., Class A		8,530,999		10,379,405
Foshan Haitian Flavouring & Food Co. Ltd., Class A		1,825,305		28,767,307
Fosun International Ltd.		22,133,500		24,014,924
Founder Securities Co. Ltd., Class A		7,751,587		8,848,272
Foxconn Industrial Internet Co. Ltd., Class A		4,645,334		8,233,149
Fu Shou Yuan International Group Ltd.		9,795,000		7,260,845
Fufeng Group Ltd.^(a)		17,086,400		6,397,572
Fuyao Glass Industry Group Co. Ltd., Class A		1,177,100		8,261,424
Fuyao Glass Industry Group Co. Ltd., Class H^(b)		5,071,600		24,881,746
Ganfeng Lithium Co. Ltd., Class A		654,084		15,904,103
Ganfeng Lithium Co. Ltd., Class H^(b)(c)		2,182,200		37,036,720
Gaotu Techedu Inc., ADR^(a)(c)		1,129,144		1,976,002
GDS Holdings Ltd., ADR^(a)(c)		762,824		33,960,924
Geely Automobile Holdings Ltd.		50,252,000		93,601,517
Gemdale Corp., Class A		3,115,396		6,268,472
Gemdale Properties & Investment Corp. Ltd., NVS		64,586,000		7,107,716
Genertec Universal Medical Group Co. Ltd.^(b)(c)		11,355,500		8,025,765
Genscript Biotech Corp.^(a)		10,040,000		39,808,781
GF Securities Co. Ltd., Class A		2,901,330		8,593,133
GF Securities Co. Ltd., Class H		10,074,800		15,125,117
Gigadevice Semiconductor Beijing Inc., Class A		382,035		9,354,597
Ginlong Technologies Co. Ltd., Class A		144,900		5,850,678
Glory Sun Financial Group Ltd.^(a)(c)		151,896,000		3,382,119
GoerTek Inc., Class A		1,878,562		13,152,662
GOME Retail Holdings Ltd.^(a)(c)		107,665,000		8,011,981
Gotion High-tech Co. Ltd., Class A^(a)		940,400		6,453,007
Grand Pharmaceutical Group Ltd., Class A		12,761,000		10,097,936
Great Wall Motor Co. Ltd., Class A		1,278,900		7,469,314
Great Wall Motor Co. Ltd., Class H		26,359,000		55,493,608
Gree Electric Appliances Inc. of Zhuhai, Class A		1,514,800		8,817,629
Greenland Holdings Corp. Ltd., Class A		6,017,803		4,125,132
Greenland Hong Kong Holdings Ltd.		9,314,000		1,594,399
Greentown China Holdings Ltd.		7,322,500		10,999,002


Security	Shares		Value

China (continued)
Greentown Management Holdings Co. Ltd.^(b)		6,828,000	$	5,567,580
Greentown Service Group Co. Ltd.		12,444,000		12,500,280
Guangdong Haid Group Co. Ltd., Class A		1,009,920		10,572,309
Guangdong Investment Ltd.		24,860,000		33,453,968
Guangdong Kinlong Hardware Products Co. Ltd., Class A		237,400		3,985,236
Guangzhou Automobile Group Co. Ltd., Class H		25,169,200		24,918,812
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A		1,674,488		7,896,878
Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A		317,300		4,229,461
Guangzhou R&F Properties Co. Ltd., Class H^(c)		11,916,000		5,072,642
Guangzhou Shiyuan Electronic Technology Co. Ltd., Class A		469,783		6,398,086
Guangzhou Tinci Materials Technology Co. Ltd., Class A		581,498		9,868,759
Guosen Securities Co. Ltd., Class A		5,632,567		9,265,964
Guotai Junan Securities Co. Ltd., Class A		3,581,425		9,513,221
Guoyuan Securities Co. Ltd., Class A		4,492,071		5,050,947
Haidilao International Holding Ltd.^(b)(c)		9,203,000		21,191,550
Haier Smart Home Co. Ltd., Class A		4,091,337		16,586,423
Haier Smart Home Co. Ltd., Class H		19,076,400		66,845,223
Hainan Meilan International Airport Co. Ltd., Class H^(a)		1,756,000		4,967,145
Haitian International Holdings Ltd.		5,463,000		14,555,068
Haitong Securities Co. Ltd., Class A		6,040,131		10,784,059
Haitong Securities Co. Ltd., Class H		20,654,400		17,772,875
Hangzhou First Applied Material Co. Ltd., Class A		594,200		11,276,485
Hangzhou Robam Appliances Co. Ltd., Class A		817,809		4,325,492
Hangzhou Silan Microelectronics Co. Ltd., Class A		838,900		7,668,188
Hangzhou Steam Turbine Co. Ltd., Class B		3,907,263		7,439,930
Hangzhou Tigermed Consulting Co. Ltd., Class A		244,774		3,971,093
Hangzhou Tigermed Consulting Co. Ltd., Class H^(b)		980,500		11,031,654
Hansoh Pharmaceutical Group Co. Ltd.^(b)		10,030,000		21,410,979
Harbin Electric Co. Ltd., Class H		8,374,000		2,959,180
Hefei Meiya Optoelectronic Technology Inc., Class A		602,460		3,457,329
Hello Group Inc., ADR		1,285,907		12,254,694
Henan Shuanghui Investment & Development Co. Ltd., Class A		1,799,747		8,236,370
Hengan International Group Co. Ltd.		5,262,500		27,908,471
Hengli Petrochemical Co. Ltd., Class A		3,196,930		12,716,224
Hengyi Petrochemical Co. Ltd., Class A		3,286,961		5,241,476
Hi Sun Technology China Ltd.^(a)(c)		25,368,000		3,217,720
Hithink RoyalFlush Information Network Co. Ltd., Class A		361,702		6,211,997
Hongfa Technology Co. Ltd., Class A		420,620		4,203,687
Hope Education Group Co. Ltd.^(b)(c)		31,332,000		3,183,302
Hopson Development Holdings Ltd.^(c)		6,313,490		12,996,656
Hoshine Silicon Industry Co. Ltd., Class A		254,500		6,053,741
Hua Han Health Industry Holdings Ltd.^(a)(d)		22,424,288		29
Hua Hong Semiconductor Ltd.^(a)(b)		4,479,000		23,334,555
Hua Medicine^(a)(b)		6,793,000		3,303,227
Huabao International Holdings Ltd.^(c)		8,359,000		4,795,625
Huadong Medicine Co. Ltd., Class A		1,193,051		7,197,787
Huafon Chemical Co. Ltd., Class A		3,409,866		5,215,293
Hualan Biological Engineering Inc., Class A		1,103,320		4,505,057
Huaneng Power International Inc., Class H		36,994,000		21,716,055
Huatai Securities Co. Ltd., Class A		3,958,551		9,977,122


Security	Shares		Value

China (continued)
Huatai Securities Co. Ltd., Class H^(b)		12,229,400	$	20,023,225
Huaxia Bank Co. Ltd., Class A		12,091,018		10,792,855
Huaxin Cement Co. Ltd., Class A		1,292,269		4,204,561
Huayu Automotive Systems Co. Ltd., Class A		1,945,810		7,848,940
Huazhu Group Ltd., ADR^(a)		1,565,252		64,738,823
Huizhou Desay Sv Automotive Co. Ltd., Class A		258,000		5,434,832
Humanwell Healthcare Group Co. Ltd., Class A		958,900		2,839,888
Hundsun Technologies Inc., Class A		1,104,787		9,181,707
Hutchmed China Ltd, ADR^(a)(c)		753,688		20,537,998
HUYA Inc., ADR^(a)(c)		691,475		3,630,244
Hygeia Healthcare Holdings Co. Ltd.^(b)(c)		2,967,200		16,199,204
iClick Interactive Asia Group Ltd., ADR^(a)(c)		724,513		1,753,321
Iflytek Co. Ltd., Class A		1,294,284		10,113,888
I-Mab, ADR^(a)(c)		345,655		8,544,592
IMAX China Holding Inc.^(b)		1,404,900		1,959,590
Imeik Technology Development Co. Ltd., Class A		118,100		9,127,584
Industrial & Commercial Bank of China Ltd., Class A		32,604,380		24,087,023
Industrial & Commercial Bank of China Ltd., Class H		489,560,000		292,245,318
Industrial Bank Co. Ltd., Class A		10,821,079		37,910,258
Industrial Securities Co. Ltd., Class A		5,874,924		7,641,689
Ingenic Semiconductor Co. Ltd., Class A		272,303		4,831,280
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A^(a)		26,188,100		11,177,714
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A		5,658,600		4,453,941
Inner Mongolia Yili Industrial Group Co. Ltd., Class A		3,184,262		19,972,980
Inner Mongolia Yitai Coal Co. Ltd., Class B		10,508,195		10,123,143
Innovent Biologics Inc.^(a)(b)(c)		9,997,000		45,116,264
Inspur Electronic Information Industry Co. Ltd., Class A		1,387,772		7,256,744
Inspur International Ltd.^(a)		6,426,000		3,070,379
Intco Medical Technology Co. Ltd., Class A		347,450		2,817,861
iQIYI Inc., ADR^(a)(c)		2,419,029		10,014,780
JA Solar Technology Co. Ltd., Class A		862,300		13,064,056
Jafron Biomedical Co. Ltd., Class A		558,173		4,062,937
Jason Furniture Hangzhou Co. Ltd., Class A		605,259		6,775,248
JCET Group Co. Ltd., Class A		1,171,000		5,231,286
JD Health International Inc.^(a)(b)		3,016,800		22,516,522
JDcom Inc, Class A^(a)		17,150,063		612,590,331
Jiangsu Eastern Shenghong Co. Ltd., Class A		2,264,100		6,870,800
Jiangsu Expressway Co. Ltd., Class H		9,706,000		10,384,859
Jiangsu Hengli Hydraulic Co. Ltd., Class A		793,296		8,455,742
Jiangsu Hengrui Medicine Co. Ltd., Class A		3,274,983		20,856,644
Jiangsu King’s Luck Brewery JSC Ltd., Class A		891,856		7,399,184
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A		791,351		20,756,376
Jiangsu Zhongtian Technology Co. Ltd., Class A		1,753,500		5,211,763
Jiangxi Copper Co. Ltd., Class H		11,557,000		20,802,603
Jiangxi Zhengbang Technology Co. Ltd., Class A		2,661,200		2,913,797
Jiayuan International Group Ltd.		16,534,000		5,239,911
Jinchuan Group International Resources Co. Ltd.^(c)		36,103,000		6,450,834
Jinke Properties Group Co. Ltd., Class A		3,826,200		2,725,731
JinkoSolar Holding Co. Ltd., ADR^(a)(c)		322,585		16,326,027
Jinmao Property Services Co. Ltd.		705,921		179,403
Jinxin Fertility Group Ltd.^(a)(b)(c)		10,966,500		12,822,925
JiuGui Liquor Co. Ltd., Class A		215,400		5,853,150


Security	Shares		Value

China (continued)
Jiumaojiu International Holdings Ltd.^(b)(c)		6,366,000	$	14,301,224
JNBY Design Ltd.		2,573,500		3,474,002
Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd., Class A		610,442		3,348,473
JOYY Inc., ADR		476,741		22,068,341
Juewei Food Co. Ltd., Class A		462,300		3,883,243
JW Cayman Therapeutics Co. Ltd.^(a)(b)(c)		2,056,500		2,612,581
Kaisa Group Holdings Ltd.^(c)		27,556,000		2,510,140
Kangji Medical Holdings Ltd.^(c)		3,802,500		3,810,047
Kanzhun Ltd.^(a)(c)		643,791		20,794,449
KE Holdings Inc., ADR^(a)		3,050,306		59,206,439
Kingboard Holdings Ltd.		5,990,200		28,023,042
Kingboard Laminates Holdings Ltd.		8,596,000		14,323,915
Kingdee International Software Group Co. Ltd.^(a)(c)		22,385,000		55,327,702
Kingfa Sci & Tech Co. Ltd., Class A		1,979,800		3,384,355
Kingsoft Cloud Holdings Ltd., ADR^(a)(c)		709,226		4,780,183
Kingsoft Corp. Ltd.		8,202,000		30,673,899
Konka Group Co. Ltd., Class B		9,737,118		2,689,329
Koolearn Technology Holding Ltd.^(a)(b)(c)		3,614,000		2,267,142
Kuaishou Technology^(a)(b)		4,042,200		46,778,002
Kuang-Chi Technologies Co. Ltd., Class A^(a)		1,419,500		4,574,606
Kunlun Energy Co. Ltd.		34,056,000		33,500,321
Kweichow Moutai Co. Ltd., Class A		655,592		186,443,323
KWG Group Holdings Ltd.		10,939,000		5,121,896
KWG Living Group Holdings Ltd.		11,406,999		4,725,370
LB Group Co. Ltd., Class A		1,587,607		6,705,969
Lee & Man Paper Manufacturing Ltd.		12,846,000		8,258,114
Legend Biotech Corp., ADR^(a)		390,062		15,442,555
Lenovo Group Ltd.^(c)		62,478,000		69,573,562
Lens Technology Co. Ltd., Class A		2,831,515		6,550,307
Lepu Medical Technology Beijing Co. Ltd., Class A		1,468,900		5,016,883
LexinFintech Holdings Ltd., ADR^(a)(c)		1,016,005		3,606,818
Li Auto Inc., ADR^(a)(c)		4,759,198		144,917,579
Li Ning Co. Ltd.		19,995,500		199,718,038
Lifetech Scientific Corp., NVS^(a)		32,488,000		12,893,204
Lingyi iTech Guangdong Co., Class A^(a)		4,866,633		4,644,725
Logan Group Co. Ltd.^(c)		11,087,000		3,688,762
Longfor Group Holdings Ltd.^(b)		15,549,000		83,148,639
LONGi Green Energy Technology Co. Ltd., Class A		2,824,985		35,164,002
Lonking Holdings Ltd.		21,099,000		5,623,424
Lufax Holding Ltd., ADR^(a)		5,175,127		33,483,072
Luxshare Precision Industry Co. Ltd., Class A		4,168,716		28,910,394
Luye Pharma Group Ltd., NVS^(a)(b)		16,001,000		6,463,975
Luzhou Laojiao Co. Ltd., Class A		771,108		26,632,641
LVGEM China Real Estate Investment Co. Ltd.^(a)(c)		11,842,000		2,030,594
Mango Excellent Media Co. Ltd., Class A		1,098,932		5,988,038
Maoyan Entertainment^(a)(b)(c)		5,452,400		5,958,832
Maxscend Microelectronics Co. Ltd., Class A		189,420		8,139,920
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A^(a)		2,707,928		3,087,152
Meitu Inc.^(a)(b)(c)		23,040,000		3,715,276
Meituan, Class B^(a)(b)		34,909,900		775,528,923
Metallurgical Corp. of China Ltd., Class A		12,647,000		8,202,585
MH Development Ltd.^(a)(d)		4,108,000		262,405
Microport Scientific Corp.^(c)		5,572,300		15,499,805
Midea Real Estate Holding Ltd.^(b)		2,701,000		3,957,687
Ming Yang Smart Energy Group Ltd., Class A		1,145,800		4,711,557
Ming Yuan Cloud Group Holdings Ltd.^(c)		4,488,000		8,857,888


Security	Shares		Value

China (continued)
Minth Group Ltd.		6,502,000	$	23,509,962
MMG Ltd.^(a)		25,143,999		9,107,899
Mobvista Inc.^(a)(b)(c)		5,875,000		4,727,141
Montage Technology Co. Ltd., Class A		555,600		6,829,779
Muyuan Foods Co. Ltd., Class A		2,763,562		25,146,063
Nanjing Securities Co. Ltd., Class A		3,396,487		4,779,708
NARI Technology Co. Ltd., Class A		3,171,756		17,902,017
National Silicon Industry Group Co. Ltd., Class A^(a)		1,342,419		5,217,414
NAURA Technology Group Co. Ltd., Class A		280,675		13,605,980
NavInfo Co. Ltd., Class A^(a)		1,958,250		5,331,727
NetDragon Websoft Holdings Ltd.		2,800,000		6,278,883
NetEase Inc.		17,611,635		340,638,918
New China Life Insurance Co. Ltd., Class A		1,207,801		7,307,834
New China Life Insurance Co. Ltd., Class H		6,519,100		18,656,836
New Hope Liuhe Co. Ltd., Class A^(a)		2,879,144		7,043,338
New Oriental Education & Technology Group Inc., ADR^(a)		13,169,013		19,885,210
Newborn Town Inc.^(a)		6,424,000		3,623,911
Nexteer Automotive Group Ltd.^(c)		7,664,000		7,676,103
Nine Dragons Paper Holdings Ltd.		14,252,000		13,652,942
Ninestar Corp., Class A		1,120,500		8,916,455
Ningbo Tuopu Group Co. Ltd., Class A		622,200		6,014,068
Ningxia Baofeng Energy Group Co. Ltd., Class A		3,748,100		10,439,937
NIO Inc., ADR^(a)(c)		11,235,982		256,629,829
Niu Technologies, ADR^(a)(c)		314,761		3,915,627
Noah Holdings Ltd., ADR^(a)(c)		291,618		8,270,286
Nongfu Spring Co. Ltd., Class H^(b)		14,873,600		93,279,996
Offshore Oil Engineering Co. Ltd., Class A		2,570,800		2,013,060
OFILM Group Co. Ltd., Class A^(a)		2,393,989		3,044,678
OneConnect Financial Technology Co. Ltd., ADR^(a)		1,271,215		2,008,520
Oppein Home Group Inc., Class A		379,580		7,612,219
Orient Securities Co. Ltd., Class A		4,042,168		7,906,561
Ovctek China Inc., Class A		573,165		3,741,062
Peijia Medical Ltd.^(a)(b)(c)		2,249,000		3,539,874
People’s Insurance Co. Group of China Ltd. (The), Class H		75,459,000		24,266,520
Perfect World Co. Ltd., Class A		1,323,186		2,778,767
PetroChina Co. Ltd., Class A		11,234,800		10,357,979
PetroChina Co. Ltd., Class H		180,422,000		96,638,646
Pharmaron Beijing Co. Ltd., Class A		388,700		7,459,806
Pharmaron Beijing Co. Ltd., Class H^(b)		1,124,700		13,635,913
PICC Property & Casualty Co. Ltd., Class H		57,385,040		60,574,864
Pinduoduo Inc., ADR^(a)(c)		3,743,351		194,130,183
Ping An Bank Co. Ltd., Class A		10,198,836		25,520,798
Ping An Healthcare and Technology Co. Ltd.^(a)(b)(c)		3,966,000		12,290,288
Ping An Insurance Group Co. of China Ltd., Class A		5,875,612		47,363,937
Ping An Insurance Group Co. of China Ltd., Class H		54,004,500		418,732,660
Poly Developments and Holdings Group Co. Ltd., Class A		6,484,211		16,239,382
Poly Property Group Co. Ltd.		17,531,000		4,755,934
Postal Savings Bank of China Co. Ltd., Class A		12,910,500		11,436,968
Postal Savings Bank of China Co. Ltd., Class H^(b)		68,325,000		56,100,555
Pou Sheng International Holdings Ltd.^(a)		24,527,000		3,624,517
Power Construction Corp. of China Ltd., Class A		8,474,044		10,346,706
Powerlong Commercial Management Holdings Ltd.^(c)		2,208,500		3,864,989
Powerlong Real Estate Holdings Ltd.		10,688,000		5,122,973


Security	Shares		Value

China (continued)
Q Technology Group Co. Ltd.		4,707,000	$	4,445,191
Redco Properties Group Ltd.^(b)(c)		10,976,000		3,005,738
Redsun Properties Group Ltd.^(c)		16,239,000		4,654,795
RiseSun Real Estate Development Co. Ltd., Class A		6,375,562		3,982,183
RLX Technology Inc., ADR^(a)(c)		5,052,579		15,561,943
Road King Infrastructure Ltd.		3,428,000		3,261,522
Rongsheng Petrochemical Co. Ltd., Class A		5,335,300		16,033,747
Ronshine China Holdings Ltd.^(c)		6,932,500		2,220,099
SAIC Motor Corp. Ltd., Class A		3,953,900		11,401,275
Sangfor Technologies Inc., Class A		282,200		6,545,409
Sany Heavy Equipment International Holdings Co. Ltd.		10,583,000		10,974,536
Sany Heavy Industry Co. Ltd., Class A		4,454,211		13,918,631
Satellite Chemical Co. Ltd., Class A		999,600		7,167,805
SDIC Capital Co. Ltd., Class A		5,820,140		6,848,029
SDIC Power Holdings Co. Ltd., Class A		4,755,228		7,542,962
Seazen Group Ltd.		18,340,000		9,677,217
Seazen Holdings Co. Ltd., Class A		1,454,526		6,957,065
SF Holding Co. Ltd., Class A		2,489,092		23,881,557
SG Micro Corp., Class A		155,400		8,600,851
Shaanxi Coal Industry Co. Ltd., Class A		5,679,190		12,830,755
Shandong Gold Mining Co. Ltd., Class A		2,351,601		7,676,115
Shandong Gold Mining Co. Ltd., Class H^(b)(c)		4,631,500		8,697,015
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A		1,486,950		8,353,142
Shandong Linglong Tyre Co. Ltd., Class A		929,741		4,139,635
Shandong Weigao Group Medical Polymer Co. Ltd., Class H		21,503,600		29,692,015
Shanghai Bairun Investment Holding Group Co. Ltd., Class A		566,260		4,080,664
Shanghai Baosight Software Co. Ltd., Class A		827,467		7,078,248
Shanghai Baosight Software Co. Ltd., Class B		3,327,447		14,369,760
Shanghai Chlor-Alkali Chemical Co. Ltd., Class B		6,792,409		4,348,507
Shanghai Construction Group Co. Ltd., Class A		9,871,400		5,118,793
Shanghai Electric Group Co. Ltd., Class A		7,068,100		4,946,744
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A		1,060,100		7,147,736
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H		4,240,500		17,002,322
Shanghai Haixin Group Co., Class B		7,336,491		2,494,407
Shanghai Industrial Holdings Ltd.		4,992,000		7,588,995
Shanghai Industrial Urban Development Group Ltd.		28,906,200		2,750,531
Shanghai International Airport Co. Ltd., Class A^(a)		706,703		5,879,442
Shanghai International Port Group Co. Ltd., Class A		9,105,900		8,242,790
Shanghai Jinjiang International Hotels Co. Ltd., Class A		717,678		6,420,216
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class B		10,700,113		9,533,801
Shanghai M&G Stationery Inc., Class A		668,947		5,766,311
Shanghai Pharmaceuticals Holding Co. Ltd., Class H		7,309,100		13,193,390
Shanghai Pudong Development Bank Co. Ltd., Class A		15,054,733		20,039,049
Shanghai Putailai New Energy Technology Co. Ltd., Class A		425,960		9,908,884
Shanghai RAAS Blood Products Co. Ltd., Class A		5,365,234		5,682,254
Shanxi Meijin Energy Co. Ltd., Class A^(a)		2,804,943		6,411,586


Security	Shares		Value

China (continued)
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A		651,419	$	30,318,978
Shengyi Technology Co. Ltd., Class A		1,676,308		5,183,731
Shennan Circuits Co. Ltd., Class A		309,671		5,772,704
Shenwan Hongyuan Group Co. Ltd., Class A		13,746,692		10,009,926
Shenzhen Goodix Technology Co. Ltd., Class A		307,952		4,459,596
Shenzhen Inovance Technology Co. Ltd., Class A		1,391,982		14,167,342
Shenzhen International Holdings Ltd.		9,296,250		9,578,684
Shenzhen Investment Ltd.		26,516,000		5,977,572
Shenzhen Kangtai Biological Products Co. Ltd., Class A		401,700		5,369,736
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A		635,846		33,064,498
Shenzhen Overseas Chinese Town Co. Ltd., Class A		6,060,902		6,630,625
Shenzhen Sunway Communication Co. Ltd., Class A		877,900		2,970,000
Shenzhen Transsion Holding Co. Ltd., Class A		386,966		8,295,804
Shenzhou International Group Holdings Ltd.		7,045,300		118,337,141
Shimao Group Holdings Ltd.^(c)		9,565,500		5,740,236
Shimao Services Holdings Ltd.^(b)(c)		7,149,000		5,224,635
Shoucheng Holdings Ltd.		23,920,800		3,956,966
Shougang Fushan Resources Group Ltd.		30,050,000		9,936,481
Shui On Land Ltd.		45,217,666		6,604,328
Sichuan Chuantou Energy Co. Ltd., Class A		3,626,946		6,919,788
Sichuan Kelun Pharmaceutical Co. Ltd., Class A		1,536,320		4,234,097
Sichuan Swellfun Co. Ltd., Class A		332,800		5,265,824
Sihuan Pharmaceutical Holdings Group Ltd.^(c)		35,429,000		7,596,983
Silergy Corp.		680,000		90,610,773
Sino Biopharmaceutical Ltd.		88,561,000		56,534,219
Sinofert Holdings Ltd.		32,008,000		4,594,487
Sinolink Securities Co. Ltd., Class A		2,824,700		4,551,420
Sinoma Science & Technology Co. Ltd., Class A		979,400		4,658,648
Sino-Ocean Group Holding Ltd.^(c)		28,290,500		6,085,205
Sinopec Engineering Group Co. Ltd., Class H		15,110,500		7,228,645
Sinopec Kantons Holdings Ltd.		12,946,000		4,845,610
Sinopharm Group Co. Ltd., Class H		11,286,000		27,359,332
Sinotruk Hong Kong Ltd.		5,990,000		8,941,075
Skshu Paint Co. Ltd., Class A		299,680		4,219,459
Skyfame Realty Holdings Ltd.		51,006,000		5,547,961
Skyworth Group Ltd.^(a)(c)		14,526,000		8,206,136
Smoore International Holdings Ltd.^(b)		15,384,000		57,106,252
SOHO China Ltd.^(a)		19,623,000		3,992,600
Sohu.com Ltd., ADR^(a)(c)		291,441		5,345,028
Songcheng Performance Development Co. Ltd., Class A		2,146,656		5,267,409
SOS Ltd., ADR^(a)(c)		2,031,915		1,479,234
SSY Group Ltd.^(c)		12,052,411		5,628,366
StarPower Semiconductor Ltd., Class A		95,900		5,530,453
Sun Art Retail Group Ltd.		17,394,500		6,275,625
Sun King Technology Group Ltd.		9,396,000		3,831,396
Sunac China Holdings Ltd.		26,108,000		21,340,659
Sunac Services Holdings Ltd.^(a)(b)		8,321,000		7,111,679
Sungrow Power Supply Co. Ltd., Class A		785,200		15,204,612
Suningcom Co Ltd, Class A^(a)		7,050,071		4,021,734
Sunny Optical Technology Group Co. Ltd.		6,119,000		146,635,413
Sunwoda Electronic Co. Ltd., Class A		1,112,200		6,523,956
Superb Summit International Group Ltd.^(a)(d)		1,998,771		624
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A		1,388,200		4,905,986


Security	Shares		Value

China (continued)
Suzhou Maxwell Technologies Co. Ltd., Class A		63,600	$	5,552,791
SuZhou TA&A Ultra Clean Technology Co. Ltd., Class A		363,800		5,193,700
SY Holdings Group Ltd.^(c)		7,269,000		6,753,121
TAL Education Group, ADR^(a)		3,570,146		10,139,215
TBEA Co. Ltd., Class A		2,094,201		6,748,168
TCL Electronics Holdings Ltd.		9,417,000		4,414,575
TCL Technology Group Corp., Class A		8,899,400		7,865,253
Tencent Holdings Ltd.		49,154,900		2,652,462,865
Tencent Music Entertainment Group, ADR^(a)		5,711,087		30,782,759
Thunder Software Technology Co. Ltd., Class A		338,000		7,529,843
Tian Lun Gas Holdings Ltd.^(c)		4,131,500		3,416,649
Tiangong International Co. Ltd.^(c)		12,774,000		6,028,929
Tianjin Port Development Holdings Ltd.		47,558,000		3,831,880
Tianjin Zhonghuan Semiconductor Co. Ltd., Class A		1,794,991		13,743,098
Tianli Education International Holdings Ltd.^(a)(d)		14,731,000		2,921,770
Tianma Microelectronics Co. Ltd., Class A		3,201,832		5,949,800
Tianneng Power International Ltd.^(c)		5,996,000		5,500,654
Tianshui Huatian Technology Co. Ltd., Class A		2,787,007		5,311,772
Times Neighborhood Holdings Ltd.^(c)		7,626,000		2,603,690
Tingyi Cayman Islands Holding Corp.		16,990,000		37,588,711
Toly Bread Co. Ltd., Class A		846,026		3,341,994
Tong Ren Tang Technologies Co. Ltd., Class H		6,922,000		5,990,576
Tongcheng Travel Holdings Ltd.^(a)		8,269,600		15,401,702
Tongdao Liepin Group^(a)		2,192,800		5,275,336
Tongwei Co. Ltd., Class A		2,362,659		16,203,668
Topchoice Medical Corp., Class A^(a)		190,099		4,877,308
Topsports International Holdings Ltd.^(b)		12,080,000		12,557,493
Towngas Smart Energy Co. Ltd.^(a)		10,653,000		7,568,938
TravelSky Technology Ltd., Class H		7,765,000		14,626,571
Trina Solar Co. Ltd.		885,150		10,830,364
Trip.com Group Ltd., ADR^(a)		4,355,774		112,466,085
Truly International Holdings Ltd.		16,942,000		5,878,681
Tsingtao Brewery Co. Ltd., Class A		477,800		7,123,811
Tsingtao Brewery Co. Ltd., Class H		4,432,000		42,639,564
Unigroup Guoxin Microelectronics Co. Ltd., Class A		355,010		12,467,404
Uni-President China Holdings Ltd.		11,145,000		11,589,401
Unisplendour Corp. Ltd., Class A		1,915,261		6,676,441
Untrade Cteg^(d)		33,362,000		526,690
Untrade SMI Holdings^(a)(d)		12,533,884		16
Up Fintech Holding Ltd., ADR^(a)(c)		883,680		3,985,397
Uxin Ltd., ADR^(a)(c)		2,184,871		2,250,417
Venus MedTech Hangzhou Inc., Class H^(a)(b)(c)		2,035,500		5,659,146
Vinda International Holdings Ltd.^(c)		3,419,000		9,734,695
Vipshop Holdings Ltd., ADR^(a)		3,878,995		33,630,887
Viva Biotech Holdings^(b)(c)		7,861,000		3,026,018
Vnet Group Inc., ADR^(a)(c)		846,401		6,661,176
Walvax Biotechnology Co. Ltd., Class A		926,689		6,906,608
Wanhua Chemical Group Co. Ltd., Class A		1,714,386		25,956,671
Want Want China Holdings Ltd.^(c)		42,493,000		45,234,882
Weibo Corp., ADR^(a)(c)		521,731		14,311,081
Weichai Power Co. Ltd., Class A		3,961,200		9,584,415
Weichai Power Co. Ltd., Class H		16,206,000		27,422,642
Weimob Inc.^(a)(b)(c)		16,582,000		10,966,568
Wens Foodstuffs Group Co. Ltd., Class A^(a)		3,923,641		12,133,512
West China Cement Ltd.		28,416,000		4,878,282
Western Securities Co. Ltd., Class A		5,692,581		6,872,242
Wharf Holdings Ltd. (The)		12,061,000		43,636,586


Security	Shares		Value

China (continued)
Will Semiconductor Co. Ltd. Shanghai, Class A		467,303	$	18,338,289
Wingtech Technology Co. Ltd., Class A		729,400		13,592,959
Winning Health Technology Group Co. Ltd., Class A		1,929,785		3,507,930
Wisdom Education International Holdings Co. Ltd.^(c)		7,518,000		413,008
Wuhan Guide Infrared Co. Ltd., Class A		1,977,257		7,032,169
Wuhu Sanqi Interactive Entertainment Network Technology Group Co. Ltd., Class A		1,395,037		4,632,832
Wuliangye Yibin Co. Ltd., Class A		2,012,015		60,906,116
WUS Printed Circuit Kunshan Co. Ltd., Class A		1,940,836		5,189,124
WuXi AppTec Co. Ltd., Class A		1,442,419		23,875,319
WuXi AppTec Co. Ltd., Class H^(b)		2,876,307		40,942,655
Wuxi Biologics Cayman Inc., New^(a)(b)		30,614,500		253,225,287
Wuxi Lead Intelligent Equipment Co. Ltd., Class A		606,287		6,535,749
Wuxi Shangji Automation Co. Ltd., Class A		164,100		4,143,048
XCMG Construction Machinery Co. Ltd., Class A		7,110,278		6,251,360
XD Inc.^(a)(c)		1,812,600		5,894,964
Xiabuxiabu Catering Management China Holdings Co. Ltd.^(b)		4,879,000		3,070,131
Xiaomi Corp., Class B^(a)(b)		121,626,800		228,928,031
Xinjiang Goldwind Science & Technology Co. Ltd., Class A		1,782,006		4,253,558
Xinjiang Goldwind Science & Technology Co. Ltd., Class H		6,851,434		11,210,180
Xinyi Solar Holdings Ltd.^(c)		41,780,800		75,889,215
XPeng Inc., ADR^(a)(c)		3,345,332		121,669,725
Xtep International Holdings Ltd.^(c)		11,594,000		19,235,328
Yadea Group Holdings Ltd.^(b)		10,096,000		14,977,756
Yankuang Energy Group Co Ltd, Class H^(c)		13,386,000		32,820,075
Yankuang Energy Group Co. Ltd., Class A		1,279,206		6,419,521
Yantai Jereh Oilfield Services Group Co. Ltd., Class A		768,868		5,508,331
Yeahka Ltd.^(a)(c)		1,850,800		5,115,889
Yealink Network Technology Corp. Ltd., Class A		683,593		8,286,553
Yifeng Pharmacy Chain Co. Ltd., Class A		583,214		4,584,161
Yihai International Holding Ltd.^(c)		4,048,000		16,937,228
Yihai Kerry Arawana Holdings Co. Ltd., Class A		828,600		7,049,006
Yonghui Superstores Co. Ltd., Class A		7,010,234		4,060,056
Yonyou Network Technology Co. Ltd., Class A		1,942,783		9,695,286
Youdao Inc., ADR^(a)(c)		328,144		3,891,788
Youyuan International Holdings Ltd.^(d)		5,307,000		79,456
Yuexiu Property Co. Ltd.		9,823,576		9,826,235
Yuexiu REIT		22,078,000		8,984,214
Yuexiu Transport Infrastructure Ltd.		13,692,000		8,497,709
Yum China Holdings Inc.		3,657,860		190,281,877
Yunda Holding Co. Ltd., Class A		2,031,537		6,257,205
Yunnan Baiyao Group Co. Ltd., Class A		716,552		10,237,591
Yunnan Energy New Material Co. Ltd., Class A		505,232		20,937,901
Yuzhou Group Holdings Co. Ltd.		22,573,921		1,793,510
Zai Lab Ltd., ADR^(a)(c)		675,479		36,948,701
Zepp Health Corp., ADR^(a)		332,416		1,209,994
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A		322,169		18,546,900
Zhaojin Mining Industry Co. Ltd., Class H		10,636,500		9,385,807
Zhejiang Century Huatong Group Co. Ltd., Class A^(a)		5,620,395		5,827,477
Zhejiang Chint Electrics Co. Ltd., Class A		1,283,373		10,228,913
Zhejiang Dahua Technology Co. Ltd., Class A		2,347,029		6,988,897
Zhejiang Dingli Machinery Co. Ltd., Class A		383,300		3,503,305


Security	Shares		Value

China (continued)
Zhejiang Expressway Co. Ltd., Class H		13,000,000	$	11,727,397
Zhejiang Huahai Pharmaceutical Co. Ltd., Class A		1,204,562		4,416,422
Zhejiang Huayou Cobalt Co. Ltd., Class A		678,932		13,427,460
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A		829,594		8,598,190
Zhejiang Longsheng Group Co. Ltd., Class A		3,125,874		6,110,604
Zhejiang NHU Co. Ltd., Class A		1,824,649		9,834,373
Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A		2,171,616		6,948,005
Zhejiang Supor Co. Ltd., Class A		503,340		4,042,036
Zhejiang Wolwo Bio-Pharmaceutical Co. Ltd., Class A		360,498		2,610,953
Zhenro Properties Group Ltd.^(c)		15,414,000		1,327,090
Zheshang Securities Co. Ltd., Class A		2,679,800		4,917,510
ZhongAn Online P&C Insurance Co. Ltd., Class H^(a)(b)(c)		4,143,000		13,636,412
Zhongji Innolight Co. Ltd., Class A		707,374		4,312,415
Zhongsheng Group Holdings Ltd.		5,032,000		35,138,067
Zhou Hei Ya International Holdings Co. Ltd.^(a)(b)(c)		8,099,500		5,411,336
Zhuguang Holdings Group Co. Ltd.		21,530,000		4,187,751
Zhuzhou CRRC Times Electric Co. Ltd.		4,701,400		24,506,146
Zijin Mining Group Co. Ltd., Class A		10,556,000		18,891,630
Zijin Mining Group Co. Ltd., Class H		49,526,000		73,505,568
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class A		3,603,700		4,036,929
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H		11,517,400		7,661,416
ZTE Corp., Class A		1,967,239		9,103,750
ZTE Corp., Class H		6,551,240		16,139,282
ZTO Express Cayman Inc., ADR		3,714,493		109,354,674


				21,288,430,727

Colombia — 0.2%
Bancolombia SA		2,018,602		20,016,795
Cementos Argos SA		4,671,717		7,202,765
Corp. Financiera Colombiana SA^(a)		962,141		6,769,437
Ecopetrol SA		40,086,075		33,223,443
Grupo Argos SA		2,909,116		9,532,016
Grupo de Inversiones Suramericana SA		2,050,011		16,636,466
Interconexion Electrica SA ESP		3,937,432		24,302,636


				117,683,558

Cyprus — 0.0%
Ros Agro PLC, GDR^(d)(e)		300,309		879,658


Czech Republic — 0.1%
CEZ AS^(c)		1,378,949		52,510,146
Komercni Banka AS^(a)		660,807		25,996,419
Moneta Money Bank AS^(b)		3,749,733		14,847,069


				93,353,634

Egypt — 0.1%
Commercial International Bank Egypt SAE^(a)		14,645,212		44,606,628
Eastern Co. SAE		8,995,960		6,219,389
Egyptian Financial Group-Hermes Holding Co.^(a)		7,461,846		8,245,806
EISewedy Electric Co.		7,321,416		3,876,622
Fawry for Banking & Payment Technology Services SAE^(a)		4,549,919		2,807,455
Heliopolis Housing		5,875,237		1,859,722
Juhayna Food Industries		3,531,698		1,397,505
Palm Hills Developments SAE, NVS		18,657,826		1,796,384
Six of October Development & Investment		837,697		697,459


Security	Shares		Value

Egypt (continued)
Talaat Moustafa Group		7,956,441	$	4,751,730
Telecom Egypt Co.		4,044,325		4,559,494


				80,818,194

Greece — 0.3%
Alpha Services and Holdings SA^(a)		19,046,203		25,989,298
Athens Water Supply & Sewage Co. SA		418,034		3,375,965
Eurobank Ergasias Services and Holdings SA, Class A^(a)		22,707,102		24,874,056
FF Group^(a)(d)		343,633		3,853
GEK Terna Holding Real Estate Construction SA^(a)		618,752		6,022,940
Hellenic Telecommunications Organization SA		1,997,301		39,949,959
Holding Co. ADMIE IPTO SA		1,565,026		4,171,755
JUMBO SA		901,366		12,950,130
LAMDA Development SA^(a)		606,984		4,575,947
Motor Oil Hellas Corinth Refineries SA		619,359		9,938,028
Mytilineos SA		808,294		13,023,456
National Bank of Greece SA^(a)		4,941,105		18,326,907
OPAP SA		1,792,171		26,120,393
Piraeus Financial Holdings SA^(a)		5,275,763		8,355,499
Public Power Corp. SA^(a)(c)		1,350,707		12,840,188
Sarantis SA		250,656		2,038,330
Terna Energy SA		493,504		7,153,651
Titan Cement International SA^(a)		373,805		5,448,652


				225,159,007

Hong Kong — 0.0%
China Youzan Ltd.^(a)(c)		124,612,000		4,005,058


Hungary — 0.2%
Magyar Telekom Telecommunications PLC		4,975,157		6,252,213
MOL Hungarian Oil & Gas PLC		3,416,719		26,651,432
Opus Global Nyrt^(a)(c)		2,034,983		1,061,554
OTP Bank Nyrt^(a)		1,925,618		73,480,047
Richter Gedeon Nyrt		1,191,980		25,027,623


				132,472,869

India — 13.5%
3M India Ltd.^(a)		28,333		8,004,150
Aarti Industries Ltd.		1,685,181		20,820,461
Aavas Financiers Ltd.^(a)		303,506		11,317,171
ACC Ltd.		672,671		18,735,958
Adani Enterprises Ltd.		2,383,731		52,419,974
Adani Green Energy Ltd.^(a)		3,388,499		83,381,007
Adani Ports & Special Economic Zone Ltd.		4,525,267		42,789,468
Adani Power Ltd.^(a)		7,505,467		12,495,205
Adani Total Gas Ltd.		2,418,460		50,986,744
Adani Transmission Ltd.^(a)		2,377,600		67,753,621
Aditya Birla Capital Ltd.^(a)		5,889,746		8,310,219
Aditya Birla Fashion and Retail Ltd.^(a)		2,935,467		10,544,852
Aegis Logistics Ltd.		1,521,758		3,431,866
Affle India Ltd.^(a)		586,280		9,577,359
AIA Engineering Ltd.		395,323		8,540,575
Ajanta Pharma Ltd.		286,554		6,568,683
Alembic Pharmaceuticals Ltd.		539,768		5,215,623
Alkyl Amines Chemicals		138,581		5,554,324
Amara Raja Batteries Ltd.		1,045,460		7,820,212
Amber Enterprises India Ltd.^(a)		272,959		12,653,378
Ambuja Cements Ltd.		6,240,983		26,156,608
APL Apollo Tubes Ltd.^(a)		792,548		9,031,862
Apollo Hospitals Enterprise Ltd.		874,571		55,976,857
Apollo Tyres Ltd.		3,470,978		8,566,569


Security	Shares		Value

India (continued)
Ashok Leyland Ltd., NVS		12,892,017	$	20,435,685
Asian Paints Ltd.		3,351,775		141,649,741
Astral Ltd.		823,740		21,350,142
AstraZeneca Pharma India Ltd.		68,801		2,382,822
Atul Ltd.		122,842		15,159,742
AU Small Finance Bank Ltd.^(a)(b)		732,376		11,765,661
Aurobindo Pharma Ltd.		2,508,127		20,878,775
Avanti Feeds Ltd.		649,954		4,148,386
Avenue Supermarts Ltd.^(a)(b)		1,439,065		83,256,128
Axis Bank Ltd.^(a)		19,365,916		192,132,118
Bajaj Auto Ltd.		598,805		28,178,348
Bajaj Consumer Care Ltd.		1,154,251		2,494,188
Bajaj Electricals Ltd.^(a)		493,938		7,548,023
Bajaj Finance Ltd.		2,329,623		218,111,431
Bajaj Finserv Ltd.		336,813		72,208,830
Balkrishna Industries Ltd.		804,745		19,568,720
Balrampur Chini Mills Ltd.		1,492,745		7,919,684
Bandhan Bank Ltd.^(b)		5,637,229		23,058,116
BASF India Ltd.		122,668		4,498,640
Bata India Ltd.		553,728		13,388,206
Bayer CropScience Ltd./India		125,031		7,331,834
Berger Paints India Ltd.		2,152,232		19,766,858
Bharat Electronics Ltd.		10,642,034		29,907,164
Bharat Forge Ltd.		2,020,559		18,303,687
Bharat Heavy Electricals Ltd.^(a)		8,657,912		5,774,294
Bharat Petroleum Corp. Ltd.		7,349,585		34,281,729
Bharti Airtel Ltd.^(a)		21,208,577		193,937,422
Biocon Ltd.^(a)		3,572,869		16,605,233
Birla Corp. Ltd.		238,075		3,478,734
Birlasoft Ltd.		1,422,178		7,752,461
Blue Dart Express Ltd.		70,277		5,616,433
Blue Star Ltd.		526,240		7,502,680
Brigade Enterprises Ltd.		903,337		5,984,079
Brightcom Group Ltd.		3,204,566		5,095,153
Britannia Industries Ltd.		947,246		43,237,221
Can Fin Homes Ltd.		525,143		4,073,389
Canara Bank^(a)		3,600,612		10,578,856
Carborundum Universal Ltd.		903,803		9,698,703
Ceat Ltd.		248,137		3,231,623
Central Depository Services India Ltd.		449,193		8,136,099
CESC Ltd.		6,065,320		6,326,273
CG Power and Industrial Solutions Ltd.^(a)		4,888,120		11,202,543
Chambal Fertilizers and Chemicals Ltd.		1,809,764		9,132,339
Cholamandalam Financial Holdings Ltd.		933,186		8,000,153
Cholamandalam Investment and Finance Co. Ltd.		3,680,836		33,957,627
Cipla Ltd.		4,147,873		51,052,195
City Union Bank Ltd.		3,768,500		6,287,993
Clean Science and Technology^(a)		193,747		4,737,127
Coal India Ltd.		12,847,590		29,059,200
Coforge Ltd.		206,453		12,497,014
Colgate-Palmolive India Ltd.		1,042,868		20,118,427
Computer Age Management Services Ltd.		214,936		7,158,356
Container Corp. of India Ltd.		2,296,570		18,380,785
Coromandel International Ltd.		826,952		8,521,590
CreditAccess Grameen Ltd.^(a)		418,166		4,179,886
CRISIL Ltd.		193,833		7,441,069
Crompton Greaves Consumer Electricals Ltd.		4,341,855		24,832,778
Cummins India Ltd.		1,129,918		14,433,617
Cyient Ltd.		950,858		10,380,073
Dabur India Ltd.		5,411,775		40,574,413


Security	Shares		Value

India (continued)
Dalmia Bharat Ltd.		694,532	$	14,503,992
Deepak Nitrite Ltd.		636,038		16,995,543
Dhani Services Ltd.^(a)		2,425,428		2,544,557
Dilip Buildcon Ltd.^(b)		403,182		1,448,908
Divi’s Laboratories Ltd.		1,163,858		66,143,792
Dixon Technologies India Ltd.		285,960		16,462,373
DLF Ltd.		5,482,405		25,724,945
Dr Lal PathLabs Ltd.^(b)		265,812		8,923,848
Dr. Reddy’s Laboratories Ltd.		994,638		53,703,569
Edelweiss Financial Services Ltd., NVS		4,737,362		3,454,280
Eicher Motors Ltd.		1,179,583		40,743,329
EIH Ltd.^(a)		1,671,089		2,895,186
Emami Ltd.		1,806,866		11,916,733
Embassy Office Parks REIT		3,673,940		18,285,615
Endurance Technologies Ltd.^(b)		331,433		5,819,762
Engineers India Ltd.		3,311,691		2,723,372
Escorts Ltd.		634,446		15,640,695
Exide Industries Ltd.		4,600,338		9,143,885
Federal Bank Ltd.		13,594,760		17,624,239
Finolex Cables Ltd.		844,015		4,649,308
Finolex Industries Ltd.		2,165,282		4,422,978
Firstsource Solutions Ltd.		2,549,570		4,328,458
Fortis Healthcare Ltd.^(a)		4,480,033		14,685,452
GAIL India Ltd.		13,821,030		26,724,439
Gillette India Ltd.		66,039		4,552,065
GlaxoSmithKline Pharmaceuticals Ltd.		294,243		5,947,304
Glenmark Pharmaceuticals Ltd.		1,389,649		8,296,566
GMM Pfaudler Ltd.		74,614		4,352,229
GMR Infrastructure Ltd.^(a)		22,560,024		11,430,627
GMR Power and Urban Infrastructure Ltd., NVS^(a)		2,260,525		1,005,044
Godrej Consumer Products Ltd.^(a)		3,302,797		33,777,461
Godrej Industries Ltd.^(a)		893,924		6,183,549
Godrej Properties Ltd.^(a)		1,060,887		21,251,741
Granules India Ltd.		1,513,212		5,869,604
Graphite India Ltd.		675,728		4,209,640
Grasim Industries Ltd.		2,522,515		53,832,059
Great Eastern Shipping Co. Ltd. (The)		1,075,656		4,661,374
Grindwell Norton Ltd.		382,935		8,212,862
Gujarat Fluorochemicals Ltd.^(a)		278,178		9,557,249
Gujarat Gas Ltd.		1,600,095		12,440,507
Gujarat Pipavav Port Ltd.		3,157,699		3,536,470
Gujarat State Petronet Ltd.		2,443,661		9,432,557
Happiest Minds Technologies Ltd.		589,919		7,727,157
Havells India Ltd.		2,276,222		35,960,717
HCL Technologies Ltd.		9,293,604		139,750,038
HDFC Asset Management Co. Ltd.^(b)		448,138		12,461,382
HDFC Life Insurance Co. Ltd.^(b)		7,816,396		54,487,485
Hero MotoCorp Ltd.		1,036,080		35,096,344
HFCL Ltd.		5,523,994		5,389,116
Hindalco Industries Ltd.		14,009,181		107,662,295
Hindustan Petroleum Corp. Ltd.		5,726,090		20,830,567
Hindustan Unilever Ltd.		7,055,237		204,025,550
Housing Development Finance Corp. Ltd.		14,681,211		464,011,415
ICICI Bank Ltd.		43,846,853		434,291,387
ICICI Lombard General Insurance Co. Ltd.^(b)		1,978,063		33,293,216
ICICI Prudential Life Insurance Co. Ltd.^(b)		3,149,730		20,122,028
ICICI Securities Ltd.^(b)		815,663		7,242,498
IDFC First Bank Ltd.^(a)		23,248,194		13,090,016
IDFC Ltd.^(a)		11,585,993		8,951,684
IIFL Wealth Management Ltd.		346,807		7,088,605


Security	Shares		Value

India (continued)
India Cements Ltd. (The)		1,775,030	$	4,790,687
Indiabulls Housing Finance Ltd.		2,663,466		5,342,518
IndiaMART Intermesh Ltd.^(b)		113,949		7,268,960
Indian Energy Exchange Ltd., NVS^(b)		4,299,458		11,839,290
Indian Hotels Co. Ltd. (The)		6,897,272		18,410,769
Indian Oil Corp. Ltd.		16,074,663		24,672,882
Indian Railway Catering & Tourism Corp. Ltd.		2,168,896		23,534,526
Indraprastha Gas Ltd.		2,566,702		11,867,290
Indus Towers Ltd.^(a)		5,543,767		15,911,768
Info Edge India Ltd.		680,934		40,477,340
Infosys Ltd.		28,848,328		657,449,549
Inox Leisure Ltd.^(a)		613,043		3,351,951
Intellect Design Arena Ltd.^(a)		768,256		6,714,853
InterGlobe Aviation Ltd.^(a)(b)		877,877		21,976,723
Ipca Laboratories Ltd.		1,229,112		16,054,101
IRB Infrastructure Developers Ltd.^(a)		1,318,038		3,791,594
ITC Ltd.		25,440,745		73,254,224
Jindal Steel & Power Ltd.^(a)		3,799,344		21,666,828
JK Cement Ltd.		291,184		11,034,434
JM Financial Ltd.		3,935,766		3,573,667
JSW Steel Ltd.		7,468,902		62,662,074
Jubilant Foodworks Ltd.		725,932		28,223,737
Jubilant Pharmova Ltd.		846,218		4,463,774
Just Dial Ltd.^(a)		338,392		3,369,367
Jyothy Labs Ltd.		1,593,877		2,905,210
Kajaria Ceramics Ltd.		803,539		11,585,780
Kansai Nerolac Paints Ltd.		1,154,401		6,981,767
Karur Vysya Bank Ltd. (The)		4,188,744		2,653,459
Kaveri Seed Co. Ltd.		328,500		2,130,154
KEC International Ltd.		1,093,073		6,785,121
KEI Industries Ltd.		738,477		9,756,146
Kotak Mahindra Bank Ltd.		4,762,820		117,242,019
KPIT Technologies Ltd.		1,427,370		10,872,663
KPR Mill Ltd.		762,477		6,434,394
L&T Finance Holdings Ltd.^(a)		8,945,804		7,881,195
L&T Technology Services Ltd.^(b)		261,198		15,820,555
Lakshmi Machine Works Ltd.		48,915		6,745,985
Larsen & Toubro Infotech Ltd.^(b)		465,007		36,343,520
Larsen & Toubro Ltd.		5,932,804		143,827,110
Laurus Labs Ltd.^(b)		2,876,703		20,788,868
LIC Housing Finance Ltd.		2,616,332		11,988,397
Linde India Ltd.		189,474		6,950,035
Lupin Ltd.		1,969,382		19,564,820
Mahanagar Gas Ltd.		632,169		6,128,546
Mahindra & Mahindra Financial Services Ltd.		5,359,293		10,411,766
Mahindra & Mahindra Ltd.		7,481,405		78,978,650
Mahindra CIE Automotive Ltd.^(a)		1,089,661		2,828,037
Manappuram Finance Ltd.		4,721,114		7,174,607
Marico Ltd.		4,736,273		32,424,898
Maruti Suzuki India Ltd.		1,172,730		129,977,839
Max Financial Services Ltd.^(a)		1,859,629		20,567,003
Max Healthcare Institute Ltd.^(a)		2,112,658		10,536,685
Metropolis Healthcare Ltd.^(b)		254,312		6,636,664
Minda Industries Ltd.		701,513		8,625,109
Mindspace Business Parks REIT^(b)		1,434,878		6,794,139
Mindtree Ltd.		571,101		29,634,926
Motherson Sumi Systems Ltd.		11,218,733		22,555,711
Motherson Sumi Wiring India Ltd.^(a)		11,155,134		6,879,844
Motilal Oswal Financial Services Ltd.		371,763		4,365,049
Mphasis Ltd.		770,405		32,006,696


Security	Shares		Value

India (continued)
MRF Ltd.		16,313	$	14,273,954
Multi Commodity Exchange of India Ltd.		211,585		3,597,760
Muthoot Finance Ltd.		1,074,187		19,461,514
Narayana Hrudayalaya Ltd.^(a)		623,469		5,691,605
Natco Pharma Ltd., NVS		862,854		9,980,668
National Aluminium Co. Ltd.		9,577,842		15,574,577
Navin Fluorine International Ltd.		301,738		15,649,614
Nestle India Ltd.		296,623		69,663,322
Nippon Life India Asset Management Ltd.^(b)		1,508,033		6,187,807
NTPC Ltd.		40,892,441		72,793,955
Nuvoco Vistas Corp. Ltd.^(a)		945,269		4,363,545
Oberoi Realty Ltd.^(a)		1,030,517		12,478,778
Oil & Natural Gas Corp. Ltd.		21,746,797		46,837,476
Oil India Ltd.		2,734,345		8,155,705
Oracle Financial Services Software Ltd.		149,769		6,770,484
Orient Electric Ltd.		1,102,081		4,847,316
Page Industries Ltd.		49,380		27,795,691
Persistent Systems Ltd.		436,509		22,946,680
Petronet LNG Ltd.		6,403,596		18,375,173
Phoenix Mills Ltd. (The)		673,593		8,603,793
PI Industries Ltd.		765,932		25,207,910
Pidilite Industries Ltd.		1,403,775		44,937,186
Piramal Enterprises Ltd.		941,504		26,028,349
PNB Housing Finance Ltd.^(a)(b)		650,075		3,543,949
Polycab India Ltd.		396,249		12,552,733
Power Grid Corp. of India Ltd.		27,184,439		75,695,503
Praj Industries Ltd.		990,456		4,505,704
Prestige Estates Projects Ltd.		1,528,016		9,270,682
Procter & Gamble Health Ltd.		66,283		4,026,020
PVR Ltd.^(a)		469,230		10,281,159
Quess Corp. Ltd.^(b)		784,415		6,610,029
Radico Khaitan Ltd.		789,941		9,451,329
Rajesh Exports Ltd.		632,804		5,903,261
Rallis India Ltd.		1,073,371		3,345,426
Ramco Cements Ltd. (The)		1,076,858		11,292,182
RBL Bank Ltd.^(a)(b)		3,727,614		6,653,556
REC Ltd.		7,892,998		12,857,383
Redington India Ltd.		5,240,038		10,729,725
Relaxo Footwears Ltd.		532,815		8,631,760
Reliance Industries Ltd.		24,379,105		767,495,677
Route Mobile Ltd.		243,631		4,843,240
Sanofi India Ltd.		88,275		8,510,583
SBI Cards & Payment Services Ltd.^(a)		2,037,198		21,359,970
SBI Life Insurance Co. Ltd.^(b)		3,937,450		55,679,421
Schaeffler India Ltd.		390,670		9,494,718
Sheela Foam Ltd.^(a)		128,080		5,829,588
Shree Cement Ltd.		96,583		31,443,030
Shriram Transport Finance Co. Ltd.		1,754,964		26,378,891
Siemens Ltd.		653,163		20,434,036
SKF India Ltd.		102,663		4,910,426
Solar Industries India Ltd.		236,991		7,306,478
Sonata Software Ltd.		545,910		5,352,146
SRF Ltd.		1,319,543		41,993,597
State Bank of India		15,485,685		100,040,683
Sterlite Technologies Ltd.		1,762,921		4,157,847
Strides Pharma Science Ltd.		577,413		2,461,505
Sun Pharma Advanced Research Co. Ltd.^(a)		1,054,438		3,782,080
Sun Pharmaceutical Industries Ltd.		7,290,091		81,892,701
Sun TV Network Ltd.		745,732		4,451,943
Sundaram Finance Ltd.		551,062		13,982,391


Security	Shares		Value

India (continued)
Sundram Fasteners Ltd.		813,779	$	9,261,072
Sunteck Realty Ltd.		632,293		4,109,483
Supreme Industries Ltd.		575,592		15,678,401
Suven Pharmaceuticals Ltd.		1,170,469		7,991,372
Symphony Ltd.		172,031		2,252,147
Syngene International Ltd.^(a)(b)		1,208,481		8,724,540
Tanla Platforms Ltd.		546,961		11,468,928
Tata Chemicals Ltd.		1,467,276		16,484,528
Tata Communications Ltd.		917,289		14,476,195
Tata Consultancy Services Ltd.		7,890,096		373,767,441
Tata Consumer Products Ltd.		5,442,525		52,114,343
Tata Elxsi Ltd.		311,347		26,720,500
Tata Motors Ltd.^(a)		14,249,186		86,381,150
Tata Power Co. Ltd. (The)		12,594,319		37,556,454
Tata Steel Ltd.		6,261,582		102,525,422
Tata Teleservices Maharastra Ltd.^(a)		4,269,550		6,674,101
TeamLease Services Ltd.^(a)		115,521		6,317,309
Tech Mahindra Ltd.		5,434,597		102,321,515
Thermax Ltd.		427,370		10,333,422
Titan Co. Ltd.		3,101,100		105,333,494
Torrent Pharmaceuticals Ltd.		452,548		16,562,857
Torrent Power Ltd.		1,674,634		10,602,387
Trent Ltd.		1,658,830		24,532,779
Trident Ltd.		9,052,614		6,125,582
TTK Prestige Ltd.		591,960		6,248,974
Tube Investments of India Ltd.		865,365		17,527,663
TV18 Broadcast Ltd.^(a)		5,566,139		4,559,962
TVS Motor Co. Ltd.		1,624,812		13,369,446
UltraTech Cement Ltd.		895,104		78,341,079
United Spirits Ltd.^(a)		2,669,409		31,519,532
UPL Ltd.		4,425,134		39,328,266
UTI Asset Management Co. Ltd.		385,097		4,286,009
Vardhman Textiles Ltd.		203,539		6,926,045
Varun Beverages Ltd.		1,379,527		17,355,415
Vedanta Ltd.		10,062,611		51,215,502
V-Guard Industries Ltd.		1,925,129		5,016,509
Vinati Organics Ltd.		284,673		7,030,072
VIP Industries Ltd.^(a)		518,623		4,447,606
V-Mart Retail Ltd.^(a)		116,626		5,296,212
Vodafone Idea Ltd.^(a)		77,635,297		10,712,162
Voltas Ltd.		1,955,413		32,874,835
Welspun India Ltd.		3,396,420		4,763,575
Westlife Development Ltd.^(a)		479,964		2,959,021
Whirlpool of India Ltd.		271,554		6,053,778
Wipro Ltd.		11,772,820		87,057,011
Yes Bank Ltd., (Acquired 03/16/20, Cost: $35,983,750)^(a)(f)		12,578,231		1,976,583
Yes Bank Ltd.^(a)		81,660,435		14,426,313
Zee Entertainment Enterprises Ltd.		7,455,175		22,837,177
Zensar Technologies Ltd.		871,520		4,044,809
Zomato Ltd.^(a)		13,489,196		14,410,881


				9,840,653,254

Indonesia — 1.7%
Ace Hardware Indonesia Tbk PT		81,750,700		6,109,093
Adaro Energy Tbk PT		127,794,600		21,895,243
AKR Corporindo Tbk PT		103,912,500		5,496,745
Aneka Tambang Tbk		75,698,943		11,793,771
Astra Agro Lestari Tbk PT		6,039,200		4,792,596
Astra International Tbk PT		172,729,800		70,047,968
Bank Aladin Syariah Tbk PT^(a)		47,069,000		7,371,424


Security	Shares		Value

Indonesia (continued)
Bank BTPN Syariah Tbk PT		25,137,500	$	6,308,649
Bank Central Asia Tbk PT		471,768,300		266,344,207
Bank Jago Tbk PT^(a)		33,413,300		37,799,443
Bank Mandiri Persero Tbk PT		159,692,800		86,336,488
Bank Negara Indonesia Persero Tbk PT		64,499,500		36,139,940
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT		32,899,700		3,194,479
Bank Rakyat Indonesia Persero Tbk PT		580,294,695		185,555,114
Bank Tabungan Negara Persero Tbk PT^(a)		47,135,776		5,859,404
Barito Pacific Tbk PT		249,149,500		15,535,781
Berkah Beton Sadaya Tbk^(a)		19,506,400		6,019,520
BFI Finance Indonesia Tbk PT		69,909,400		6,252,772
Bukit Asam Tbk PT		36,589,200		8,038,124
Bumi Serpong Damai Tbk PT^(a)		85,708,100		5,506,520
Charoen Pokphand Indonesia Tbk PT		66,195,500		26,803,942
Ciputra Development Tbk PT		107,370,527		6,925,551
Digital Mediatama Maxima Tbk PT^(a)		23,859,500		3,155,359
Gudang Garam Tbk PT		3,884,500		8,512,543
Hanson International Tbk PT^(a)(d)		783,666,700		1
Indah Kiat Pulp & Paper Tbk PT		24,577,400		13,889,101
Indo Tambangraya Megah Tbk PT		3,425,800		6,360,633
Indocement Tunggal Prakarsa Tbk PT		13,288,100		10,179,799
Indofood CBP Sukses Makmur Tbk PT		19,537,300		11,581,417
Indofood Sukses Makmur Tbk PT		37,560,700		16,246,071
Inti Agri Resources Tbk PT^(a)(d)		291,349,000		—
Japfa Comfeed Indonesia Tbk PT		46,708,500		5,130,329
Jasa Marga Persero Tbk PT^(a)		22,110,480		5,219,656
Kalbe Farma Tbk PT		177,818,600		20,359,964
Medco Energi Internasional Tbk PT^(a)		101,086,080		4,267,661
Media Nusantara Citra Tbk PT		60,482,900		3,681,669
Merdeka Copper Gold Tbk PT^(a)		97,124,200		26,298,833
Mitra Adiperkasa Tbk PT^(a)		96,753,800		5,317,927
Pabrik Kertas Tjiwi Kimia Tbk PT		13,440,600		7,011,654
Pakuwon Jati Tbk PT^(a)		185,006,800		5,956,354
Panin Financial Tbk PT^(a)		206,424,000		2,428,180
Perusahaan Gas Negara Tbk PT^(a)		95,459,700		9,651,711
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT		37,122,700		3,680,695
Pool Advista Indonesia Tbk PT^(a)(d)		12,679,400		—
PP Persero Tbk PT^(a)		35,189,850		2,370,011
Sarana Menara Nusantara Tbk PT		203,594,000		14,722,738
Semen Indonesia Persero Tbk PT		24,901,000		12,578,269
Smartfren Telecom Tbk PT^(a)		880,710,900		4,875,092
Sugih Energy Tbk PT^(a)(d)		27,492,211		19
Summarecon Agung Tbk PT^(a)		120,487,441		5,850,820
Surya Citra Media Tbk PT^(a)		235,462,800		4,250,919
Telkom Indonesia Persero Tbk PT		423,095,300		127,737,929
Tower Bersama Infrastructure Tbk PT		73,828,500		15,182,786
Trada Alam Minera Tbk PT^(a)(d)		280,960,700		—
Transcoal Pacific Tbk PT^(a)		8,747,300		5,485,423
Unilever Indonesia Tbk PT		61,215,100		15,752,232
United Tractors Tbk PT		14,267,500		24,896,566
Waskita Karya Persero Tbk PT^(a)		122,602,144		4,895,970
Wijaya Karya Persero Tbk PT^(a)		39,434,623		2,799,768
XL Axiata Tbk PT		35,538,700		7,100,309


				1,247,555,182

Kuwait — 0.7%
Agility Public Warehousing Co. KSC		10,711,358		36,454,310
Boubyan Bank KSCP^(a)		11,780,928		32,072,759
Boubyan Petrochemicals Co. KSCP		3,902,966		12,129,962


Security	Shares		Value

Kuwait (continued)
Gulf Bank KSCP		12,928,346	$	13,273,159
Humansoft Holding Co. KSC		876,531		10,669,241
Kuwait Finance House KSCP		40,550,417		126,850,222
Kuwait International Bank KSCP^(a)		8,362,122		6,386,446
Mabanee Co. KPSC^(a)		5,109,237		14,308,563
Mobile Telecommunications Co. KSCP		18,982,362		38,918,168
National Bank of Kuwait SAKP		58,757,646		205,972,716
National Industries Group Holding SAK^(a)		15,113,923		14,410,786
National Real Estate Co. KPSC^(a)		7,169,622		5,246,776
Qurain Petrochemical Industries Co		5,878,120		7,643,517
Shamal Az-Zour Al-Oula for the First Phase of Az-Zour Power Plant KSC		5,794,994		4,229,503
Warba Bank KSCP^(a)		13,330,846		12,234,353


				540,800,481

Malaysia — 1.6%
AEON Credit Service M Bhd^(c)		2,322,700		8,121,290
Alliance Bank Malaysia Bhd		10,748,700		8,798,161
AMMB Holdings Bhd^(a)		14,324,800		11,488,397
Axiata Group Bhd		23,796,000		22,274,212
Berjaya Sports Toto Bhd		7,708,122		3,512,078
Bermaz Auto Bhd		9,661,100		4,118,940
British American Tobacco Malaysia Bhd^(c)		1,436,800		4,175,053
Bursa Malaysia Bhd		5,536,100		8,326,409
Carlsberg Brewery Malaysia Bhd^(c)		1,587,000		7,635,441
CIMB Group Holdings Bhd		55,788,200		75,994,331
CTOS Digital BHD		9,466,600		3,593,482
D&O Green Technologies Bhd^(c)		5,240,900		5,920,273
Dialog Group Bhd		33,564,496		22,612,877
DiGi.Com Bhd		27,391,000		26,480,368
DRB-Hicom Bhd		9,559,000		3,378,665
Fraser & Neave Holdings Bhd^(c)		1,329,400		7,155,994
Frontken Corp. Bhd^(c)		11,850,700		8,233,367
Gamuda Bhd, NVS		15,689,200		10,773,277
Genting Bhd		17,429,300		19,319,602
Genting Malaysia Bhd		25,915,700		18,548,308
Genting Plantations Bhd		4,581,100		9,940,174
Greatech Technology Bhd^(a)(c)		3,920,000		3,936,311
HAP Seng Consolidated Bhd^(c)		5,715,100		10,318,080
Hartalega Holdings Bhd		14,354,800		15,795,921
Hong Leong Bank Bhd		5,745,000		27,503,970
Hong Leong Financial Group Bhd		2,443,000		11,241,815
Hong Seng Consolidated Bhd^(a)(c)		12,249,200		9,341,400
IGB REIT, NVS^(c)		14,978,800		5,066,070
IHH Healthcare Bhd		16,616,400		26,069,064
IJM Corp. Bhd		24,896,000		9,152,958
Inari Amertron Bhd		24,282,800		18,801,521
IOI Corp. Bhd		20,603,900		22,639,655
Kossan Rubber Industries Bhd^(c)		11,479,100		4,729,985
KPJ Healthcare Bhd		33,708,500		8,349,849
Kuala Lumpur Kepong Bhd		3,785,400		23,441,801
Lotte Chemical Titan Holding Bhd^(b)(c)		5,025,400		2,609,354
Magnum Bhd, NVS^(c)		10,464,386		4,721,830
Mah Sing Group Bhd^(c)		13,123,223		2,109,843
Malayan Banking Bhd		36,814,100		76,921,503
Malaysia Airports Holdings Bhd^(a)		9,502,200		13,918,907
Malaysia Building Society Bhd		30,506,800		4,214,349
Malaysian Pacific Industries Bhd		957,000		8,238,878
Malaysian Resources Corp. Bhd		29,531,900		2,497,040
Maxis Bhd		20,546,400		19,698,637
Mega First Corp BHD		6,895,400		5,841,840


Security	Shares		Value

Malaysia (continued)
MISC Bhd		10,880,000	$	19,082,971
My EG Services Bhd^(c)		52,583,900		12,067,457
Nestle Malaysia Bhd		543,300		17,361,968
Padini Holdings Bhd		3,617,300		2,911,273
Pentamaster Corp. Bhd		6,729,800		5,241,412
Petronas Chemicals Group Bhd		21,300,400		48,450,356
Petronas Dagangan Bhd		2,540,100		13,019,638
Petronas Gas Bhd		6,616,800		27,468,977
PPB Group Bhd		5,921,420		25,301,959
Press Metal Aluminium Holdings Bhd		28,309,300		46,052,761
Public Bank Bhd		121,762,000		129,316,754
QL Resources Bhd		10,663,543		12,572,237
RHB Bank Bhd		13,603,566		19,171,444
Scientex BHD		8,605,800		9,080,313
Serba Dinamik Holdings Bhd^(a)(c)(d)		33,894,920		2,375,187
Sime Darby Bhd		22,753,700		12,322,008
Sime Darby Plantation Bhd		16,806,100		19,717,552
Sime Darby Property Bhd^(c)		34,798,300		5,097,286
SKP Resources Bhd		11,018,225		3,929,073
SP Setia Bhd Group^(a)		19,448,500		5,928,608
Sunway Construction Group Bhd		6,904,270		2,483,136
Sunway REIT		21,271,900		7,042,501
Supermax Corp. Bhd		13,863,627		3,467,145
Telekom Malaysia Bhd		9,509,600		11,460,897
Tenaga Nasional Bhd		16,816,300		36,760,256
TIME dotCom Bhd		11,714,200		11,857,890
Top Glove Corp. Bhd^(c)		45,110,600		22,026,136
UMW Holdings Bhd		3,239,800		2,373,051
UWC BHD^(c)		3,735,600		3,615,789
ViTrox Corp. Bhd		4,036,000		7,192,310
VS Industry Bhd		29,263,350		8,056,388
Westports Holdings Bhd		8,974,500		8,357,817
Yinson Holdings BHD^(c)		5,989,700		7,519,201


				1,196,243,031

Mexico — 2.1%
Alfa SAB de CV, Class A		24,007,200		17,981,077
Alsea SAB de CV^(a)		4,943,195		10,706,515
America Movil SAB de CV, Series L, NVS		268,740,372		242,877,998
Arca Continental SAB de CV		3,227,538		21,293,147
Banco del Bajio SA^(b)		6,801,797		16,522,113
Becle SAB de CV		4,543,275		11,393,126
Bolsa Mexicana de Valores SAB de CV		4,516,478		8,648,809
Cemex SAB de CV, NVS^(a)		129,918,283		66,732,110
Coca-Cola Femsa SAB de CV		4,030,300		22,134,082
Controladora Vuela Cia. de Aviacion SAB de CV, Class A^(a)		7,275,459		13,853,957
Corp Inmobiliaria Vesta SAB de CV		5,010,000		9,023,920
Fibra Uno Administracion SA de CV		28,173,300		31,748,438
Fomento Economico Mexicano SAB de CV		16,263,245		131,044,545
GCC SAB de CV^(c)		1,740,857		11,497,765
Genomma Lab Internacional SAB de CV, Class B^(c)		8,014,924		7,310,130
Gentera SAB de CV^(a)		10,030,892		7,434,644
Gruma SAB de CV, Class B		1,688,630		22,901,751
Grupo Aeroportuario del Centro Norte SAB de CV		2,380,352		17,191,625
Grupo Aeroportuario del Pacifico SAB de CV, Class B		3,158,600		45,943,974
Grupo Aeroportuario del Sureste SAB de CV, Class B		1,777,025		38,428,892
Grupo Bimbo SAB de CV, Series A		13,373,302		41,182,274


Security	Shares		Value

Mexico (continued)
Grupo Carso SAB de CV, Series A1		4,130,336	$	12,577,953
Grupo Comercial Chedraui SA de CV		3,647,759		8,230,211
Grupo Financiero Banorte SAB de CV, Class O		21,993,878		148,773,588
Grupo Financiero Inbursa SAB de CV, Class O^(a)		19,199,142		31,290,824
Grupo Herdez SAB de CV		3,029,800		4,278,200
Grupo Mexico SAB de CV, Series B		26,595,120		136,436,173
Grupo Televisa SAB de CV, CPO		20,694,456		44,357,532
Industrias Penoles SAB de CV		1,190,420		14,857,437
Kimberly-Clark de Mexico SAB de CV, Class A		12,060,275		16,923,602
La Comer SAB de CV^(c)		5,594,996		10,137,703
Macquarie Mexico Real Estate Management SA de CV^(b)		9,641,100		11,617,711
Megacable Holdings SAB de CV, CPO		2,780,477		8,188,974
Nemak SAB de CV^(a)(b)		13,781,224		2,873,191
Orbia Advance Corp. SAB de CV		9,233,083		23,586,490
PLA Administradora Industrial S. de RL de CV		7,753,849		10,214,289
Prologis Property Mexico SA de CV		3,831,358		9,216,884
Promotora y Operadora de Infraestructura SAB de CV		1,684,870		13,175,567
Qualitas Controladora SAB de CV		1,691,078		9,285,613
Regional SAB de CV		1,974,547		11,682,809
Telesites SAB de CV^(c)		12,643,695		14,019,741
Wal-Mart de Mexico SAB de CV		43,702,896		166,225,067


				1,503,800,451

Peru — 0.2%
Cia. de Minas Buenaventura SAA, ADR^(a)		1,892,491		18,735,661
Credicorp Ltd.		568,920		86,049,150
Intercorp Financial Services Inc.		273,739		8,841,769
Southern Copper Corp.		716,238		49,699,755


				163,326,335

Philippines — 0.8%
Aboitiz Equity Ventures Inc.		17,776,490		20,768,710
AC Energy Corp.		58,172,100		9,644,292
Alliance Global Group Inc.		38,400,000		9,586,893
Ayala Corp.		2,431,155		40,305,866
Ayala Land Inc.		68,993,240		52,596,050
Bank of the Philippine Islands		15,365,063		30,029,633
BDO Unibank Inc.		17,389,896		44,068,859
Bloomberry Resorts Corp.^(a)		41,871,300		6,043,449
Cebu Air Inc.^(a)		2,824,830		2,551,672
Cosco Capital Inc., NVS		31,994,700		3,180,746
D&L Industries Inc.		31,990,300		5,016,741
DMCI Holdings Inc.		34,280,100		5,669,890
Filinvest Land Inc.		110,021,000		2,360,505
Globe Telecom Inc.		263,820		13,256,124
GT Capital Holdings Inc.		850,530		9,632,013
International Container Terminal Services Inc.		9,339,010		38,361,527
JG Summit Holdings Inc.		27,177,501		32,100,759
Jollibee Foods Corp.		3,952,050		18,577,025
Manila Electric Co.		1,799,040		12,945,344
Manila Water Co. Inc., NVS		11,782,100		4,596,099
Megaworld Corp.		107,401,200		6,748,113
Metro Pacific Investments Corp.		130,838,800		9,900,572
Metropolitan Bank & Trust Co.		14,898,073		16,592,158
Monde Nissin Corp.^(a)(b)		38,006,200		12,246,195
PLDT Inc.		702,975		24,666,511
Puregold Price Club Inc.		9,097,350		6,237,017
Robinsons Land Corp.		21,492,913		8,091,940
Security Bank Corp.		2,994,730		6,835,407


Security	Shares		Value

Philippines (continued)
Semirara Mining & Power Corp.		10,170,000	$	5,494,617
SM Investments Corp.		2,129,812		37,054,658
SM Prime Holdings Inc.		88,401,996		68,996,999
Universal Robina Corp.		7,842,000		18,354,593
Vista Land & Lifescapes Inc.		48,255,300		2,880,071
Wilcon Depot Inc.		13,466,200		7,682,589


				593,073,637

Poland — 0.7%
Alior Bank SA^(a)		964,369		10,742,607
Allegro.eu SA^(a)(b)(c)		3,000,954		22,364,871
AmRest Holdings SE^(a)(c)		736,867		4,042,358
Asseco Poland SA		550,686		9,707,185
Bank Millennium SA^(a)(c)		6,408,391		10,687,203
Bank Polska Kasa Opieki SA		1,578,202		43,296,420
Budimex SA^(c)		126,076		6,858,182
CCC SA^(a)(c)		342,932		4,363,493
CD Projekt SA^(c)		589,706		23,422,919
Cyfrowy Polsat SA		2,306,816		14,957,487
Dino Polska SA^(a)(b)		431,776		30,361,141
Enea SA^(a)		2,578,659		5,378,561
Eurocash SA		890,139		2,013,837
Grupa Azoty SA^(a)(c)		450,418		3,490,589
Grupa Lotos SA^(a)		797,318		10,229,864
Jastrzebska Spolka Weglowa SA^(a)		549,945		6,424,122
KGHM Polska Miedz SA		1,200,529		47,141,153
KRUK SA		165,264		10,306,364
LPP SA		10,227		21,033,265
mBank SA^(a)		141,947		13,872,758
Orange Polska SA^(a)		5,532,924		10,267,146
PGE Polska Grupa Energetyczna SA^(a)		7,183,831		13,935,450
Polski Koncern Naftowy ORLEN SA		2,477,849		41,855,409
Polskie Gornictwo Naftowe i Gazownictwo SA		14,509,373		19,122,030
Powszechna Kasa Oszczednosci Bank Polski SA^(a)		7,522,747		72,297,580
Powszechny Zaklad Ubezpieczen SA		4,958,220		37,199,792
Santander Bank Polska SA		304,362		22,816,275
Tauron Polska Energia SA^(a)(c)		10,047,657		5,901,835
TEN Square Games SA^(c)		42,494		2,174,574
Warsaw Stock Exchange		419,574		3,841,942


				530,106,412

Qatar — 0.9%
Al Meera Consumer Goods Co. QSC		1,196,887		6,541,101
Barwa Real Estate Co.		14,120,345		14,046,000
Commercial Bank PSQC (The)		17,879,031		33,910,365
Doha Bank QPSC		13,262,020		10,352,493
Gulf International Services QSC, NVS^(a)		8,828,046		4,330,955
Industries Qatar QSC		14,408,064		72,239,148
Masraf Al Rayan QSC^(a)		38,893,152		53,282,670
Medicare Group		1,719,872		3,685,070
Mesaieed Petrochemical Holding Co.		39,910,072		29,202,140
Ooredoo QPSC		6,236,660		13,115,151
Qatar Aluminum Manufacturing Co.		28,021,350		17,127,542
Qatar Electricity & Water Co. QSC		4,261,963		21,042,862
Qatar Fuel QSC		3,655,997		18,632,091
Qatar Gas Transport Co. Ltd.		20,231,865		20,912,221
Qatar Insurance Co. SAQ^(a)		14,539,675		9,999,338
Qatar International Islamic Bank QSC		6,705,711		18,849,734
Qatar Islamic Bank SAQ		10,037,854		58,004,313
Qatar National Bank QPSC		38,531,491		230,668,665


Security	Shares		Value

Qatar (continued)
Qatar National Cement Co. QSC		2,743,568	$	4,657,812
Qatar Navigation QSC		3,550,856		8,240,609
United Development Co. QSC		18,061,009		8,259,261
Vodafone Qatar QSC		21,932,486		10,468,365


				667,567,906

Russia — 0.6%
Aeroflot PJSC^(a)(d)		12,448,217		1,551,619
Alrosa PJSC^(d)		22,555,750		6,570,308
Credit Bank of Moscow PJSC^(a)(d)		131,641,331		2,299,426
Detsky Mir PJSC^(a)(b)(d)		5,639,776		1,635,180
Federal Grid Co. Unified Energy System PJSC^(a)(d)		2,175,770,000		670,636
Gazprom PJSC^(d)		101,307,770		81,667,585
Globaltrans Investment PLC, GDR^(a)(d)		1,523,220		1,832,591
Inter RAO UES PJSC^(d)		270,997,905		2,616,018
LSR Group PJSC^(a)(d)		498,324		877,698
LUKOIL PJSC^(d)		3,545,225		61,883,673
Magnit PJSC, GDR		2,913,032		4,623,381
MMC Norilsk Nickel PJSC^(d)		542,170		36,727,848
Mobile TeleSystems PJSC, ADR		3,808,646		20,947,553
Moscow Exchange MICEX-RTS PJSC^(d)		12,320,031		4,146,647
Novatek PJSC, GDR		779,296		30,020,125
Novolipetsk Steel PJSC^(d)		12,759,568		8,103,399
OGK-2 PJSC^(d)		319,608,000		416,891
Ozon Holdings PLC, ADR^(a)(d)		453,223		1,662,534
PhosAgro PJSC, GDR		1,235,107		7,556,259
Polymetal International PLC^(d)		3,035,664		9,206,632
Polyus PJSC^(d)		290,787		10,956,352
Rosneft Oil Co. PJSC^(d)		9,721,202		10,141,465
Rostelecom PJSC^(a)(d)		8,098,021		1,947,454
Sberbank of Russia PJSC^(d)		91,862,230		40,604,811
Segezha Group PJSC^(a)(b)(d)		34,454,100		903,258
Severstal PAO^(d)		1,835,503		8,766,055
Sistema PJSFC, GDR^(a)(d)		1,537,435		3,110,906
Sovcomflot PJSC^(a)(d)		4,464,400		686,060
Surgutneftegas PJSC^(d)		60,550,132		4,572,488
Tatneft PJSC^(d)		11,775,415		14,952,770
TCS Group Holding PLC, GDR^(d)		1,042,828		12,009,408
Unipro PJSC^(a)(d)		160,829,082		898,287
United Co. RUSAL International PJSC^(a)(d)		26,465,860		5,584,754
VK Co. Ltd.^(a)(d)		956,753		972,190
VTB Bank PJSC^(d)		25,685,534,000		1,716,452
X5 Retail Group NV, GDR^(d)		1,023,928		4,404,566
Yandex NV^(a)(d)		2,640,123		17,258,835


				424,502,114

Saudi Arabia — 3.8%
Abdullah Al Othaim Markets Co.		390,516		11,614,770
Advanced Petrochemical Co.		939,527		18,849,716
Al Hammadi Co. for Development and Investment, NVS		733,408		8,020,294
Al Rajhi Bank		10,476,000		449,438,304
Aldrees Petroleum and Transport Services Co.		540,038		12,089,571
Alinma Bank		8,256,634		78,289,966
Almarai Co. JSC		2,052,483		27,518,437
Alujain Holding		412,452		6,727,677
Arab National Bank		5,305,577		39,663,547
Arabian Cement Co./Saudi Arabia		622,758		6,670,997
Arriyadh Development Co.		1,382,630		9,634,678
Bank AlBilad^(a)		3,320,824		52,261,817


Security	Shares		Value

Saudi Arabia (continued)
Bank Al-Jazira		3,272,062	$	23,510,034
Banque Saudi Fransi		5,235,961		74,364,468
Bupa Arabia for Cooperative Insurance Co.		545,483		23,654,081
City Cement Co.		1,040,899		5,912,473
Co for Cooperative Insurance (The)		556,220		11,689,990
Dallah Healthcare Co.		411,248		9,009,917
Dar Al Arkan Real Estate Development Co.^(a)		3,676,485		10,742,563
Dr Sulaiman Al Habib Medical Services Group Co.		461,271		21,093,830
Eastern Province Cement Co.		604,184		6,744,654
Emaar Economic City^(a)		3,714,309		12,307,169
Etihad Etisalat Co.^(a)		3,187,450		29,707,785
Fawaz Abdulaziz Al Hokair & Co.^(a)		821,322		3,440,281
Herfy Food Services Co.		392,551		6,074,442
Jarir Marketing Co.		487,050		27,194,346
Leejam Sports Co. JSC		308,242		10,453,053
Mobile Telecommunications Co.^(a)		3,546,549		12,739,016
Mouwasat Medical Services Co.		448,608		24,885,181
National Agriculture Development Co. (The)^(a)		679,770		5,604,845
National Gas & Industrialization Co.		318,859		4,697,957
National Industrialization Co.^(a)		3,058,208		18,525,780
National Medical Care Co.		280,923		5,266,234
National Petrochemical Co.		505,442		6,099,471
Qassim Cement Co. (The)		495,453		10,181,898
Rabigh Refining & Petrochemical Co.^(a)		1,945,121		12,769,256
Riyad Bank^(a)		11,795,356		111,801,400
SABIC Agri-Nutrients Co.		1,850,410		78,842,018
Sahara International Petrochemical Co.		3,249,126		40,640,537
Saudi Airlines Catering Co.^(a)		564,825		12,786,834
Saudi Arabian Mining Co.^(a)		3,772,934		107,704,235
Saudi Arabian Oil Co.^(b)		18,055,313		200,314,749
Saudi Basic Industries Corp.		7,627,742		254,288,451
Saudi British Bank (The)^(a)		7,078,747		73,240,524
Saudi Cement Co.		624,767		9,285,986
Saudi Ceramic Co.		339,022		4,440,604
Saudi Electricity Co.		6,918,795		51,065,137
Saudi Ground Services Co.^(a)		733,819		6,872,141
Saudi Industrial Investment Group		1,967,116		18,573,334
Saudi Kayan Petrochemical Co.^(a)		6,477,140		35,410,290
Saudi National Bank (The)		18,850,659		343,399,375
Saudi Pharmaceutical Industries & Medical Appliances Corp.		751,417		7,794,349
Saudi Real Estate Co.^(a)		826,185		4,660,700
Saudi Research & Media Group^(a)		329,872		22,002,736
Saudi Telecom Co.		5,041,022		153,807,954
Saudia Dairy & Foodstuff Co.		189,219		8,638,846
Savola Group (The)		2,055,515		18,622,228
Seera Group Holding^(a)		1,740,793		9,850,889
Southern Province Cement Co.		592,726		10,743,228
United Electronics Co.		339,886		11,813,567
United International Transportation Co.		676,377		8,810,459
Yamama Cement Co.^(a)		1,243,836		8,724,560
Yanbu Cement Co.		886,405		8,992,194
Yanbu National Petrochemical Co.		2,269,381		41,656,071


				2,762,231,894

South Africa — 3.8%
Absa Group Ltd.		6,126,178		70,376,593
Adcock Ingram Holdings Ltd.		708,568		2,386,595
AECI Ltd.		1,224,191		8,623,973
African Rainbow Minerals Ltd.		1,022,388		18,194,700
Anglo American Platinum Ltd.		461,134		71,976,041


Security	Shares		Value

South Africa (continued)
AngloGold Ashanti Ltd.		3,559,717	$	83,286,326
Aspen Pharmacare Holdings Ltd.		3,314,759		43,330,888
Astral Foods Ltd.		442,791		4,679,524
AVI Ltd.		2,337,509		10,903,843
Barloworld Ltd.		1,507,272		12,042,492
Bid Corp. Ltd.		2,846,629		57,835,096
Bidvest Group Ltd. (The)		2,331,913		31,950,257
Capitec Bank Holdings Ltd.		691,160		93,315,365
Clicks Group Ltd.		2,122,960		41,275,271
Coronation Fund Managers Ltd.		2,696,668		8,058,655
DataTec Ltd.		1,932,252		4,599,328
Dis-Chem Pharmacies Ltd.^(b)		3,352,019		7,547,152
Discovery Ltd.^(a)(c)		3,643,860		37,316,913
Distell Group Holdings Ltd.^(a)		931,154		10,373,575
DRDGOLD Ltd.^(c)		4,558,705		4,253,204
Equites Property Fund Ltd.		4,997,719		6,841,849
Exxaro Resources Ltd.		2,148,641		27,714,798
FirstRand Ltd.		42,185,769		181,637,376
Fortress REIT Ltd., Series A		11,649,882		9,720,705
Foschini Group Ltd. (The)		2,812,719		22,783,458
Gold Fields Ltd.		7,624,543		106,162,340
Growthpoint Properties Ltd.		29,182,015		25,431,363
Harmony Gold Mining Co. Ltd.		4,776,443		20,398,230
Impala Platinum Holdings Ltd.		6,990,905		133,347,199
Imperial Logistics Ltd., NVS		1,609,987		6,887,567
Investec Ltd., NVS		2,747,935		15,449,735
JSE Ltd.		914,840		7,106,316
KAP Industrial Holdings Ltd.		27,651,292		8,416,099
Kumba Iron Ore Ltd.		545,687		21,570,344
Life Healthcare Group Holdings Ltd.^(c)		11,456,239		16,704,260
Massmart Holdings Ltd.^(a)		1,088,344		3,736,521
Momentum Metropolitan Holdings^(c)		8,345,197		10,127,230
Motus Holdings Ltd.		1,515,255		10,837,997
Mr. Price Group Ltd.		2,151,599		29,332,131
MTN Group Ltd.^(a)		14,527,343		181,338,206
MultiChoice Group		3,273,707		26,830,505
Naspers Ltd., Class N		1,850,547		233,040,410
Nedbank Group Ltd.		3,834,511		54,511,715
NEPI Rockcastle PLC		3,611,091		23,078,901
Netcare Ltd.		9,744,414		9,277,829
Ninety One Ltd.		1,487,927		4,857,747
Northam Platinum Holdings Ltd.^(a)		3,044,487		49,157,290
Oceana Group Ltd.		786,058		2,760,053
Old Mutual Ltd.		40,094,134		32,854,961
Pepkor Holdings Ltd.^(b)		10,805,345		15,424,913
Pick n Pay Stores Ltd.		2,808,375		8,401,610
PSG Group Ltd., NVS^(a)		1,563,409		8,320,218
Rand Merchant Investment Holdings Ltd.		6,766,289		21,289,525
Redefine Properties Ltd.		49,423,041		13,564,116
Reinet Investments SCA		1,299,286		26,784,663
Remgro Ltd.		4,341,493		39,452,846
Resilient REIT Ltd.^(c)		3,170,907		12,012,378
Reunert Ltd., NVS		1,763,564		5,378,003
Royal Bafokeng Platinum Ltd.		1,511,332		17,889,768
Sanlam Ltd.		15,520,612		65,405,957
Santam Ltd.		181,226		3,229,391
Sappi Ltd.^(a)(c)		4,983,340		16,502,832
Sasol Ltd.^(a)		4,846,707		111,207,401
Shoprite Holdings Ltd.		4,309,675		64,284,284
Sibanye Stillwater Ltd.		23,111,506		109,031,442


Security	Shares		Value

South Africa (continued)
SPAR Group Ltd. (The)		1,440,867	$	15,375,495
Standard Bank Group Ltd.		11,527,676		122,147,368
Steinhoff International Holdings NV^(a)(c)		38,882,361		9,179,284
Super Group Ltd./South Africa		3,891,937		7,946,078
Telkom SA SOC Ltd.^(a)		2,809,489		7,557,139
Thungela Resources Ltd.^(a)(c)		1,119,245		9,955,724
Tiger Brands Ltd.		1,325,346		14,078,986
Transaction Capital Ltd.		3,803,198		10,952,320
Truworths International Ltd.		3,478,425		13,249,742
Vodacom Group Ltd.		5,286,958		50,891,645
Vukile Property Fund Ltd.		7,803,345		6,374,117
Wilson Bayly Holmes-Ovcon Ltd.		621,506		3,375,059
Woolworths Holdings Ltd.		8,384,622		27,607,963


				2,741,109,193

South Korea — 12.2%
ABLBio Inc.^(a)(c)		283,626		6,284,112
Ace Technologies Corp.^(a)(c)		317,697		2,859,730
AfreecaTV Co. Ltd.		80,950		9,460,495
Ahnlab Inc.^(c)		70,158		3,817,011
Alteogen Inc.^(a)(c)		243,911		10,985,850
Amicogen Inc.^(a)(c)		163,816		3,514,524
Amorepacific Corp.^(c)		275,352		42,503,541
AMOREPACIFIC Group		238,060		9,726,274
Ananti Inc.^(a)(c)		591,319		4,622,517
AptaBio Therapeutics Inc.^(a)(c)		162,170		3,330,734
Asiana Airlines Inc.^(a)		325,038		5,252,199
BGF retail Co. Ltd.		77,212		10,938,345
BH Co. Ltd.^(c)		254,490		4,134,754
Binex Co. Ltd.^(a)(c)		273,805		3,038,410
Binggrae Co. Ltd.^(a)(c)		66,990		2,989,953
Bioneer Corp.^(a)(c)		192,896		6,221,308
BNC Korea Co. Ltd.^(a)(c)		361,263		4,717,286
BNK Financial Group Inc.		2,182,079		14,364,733
Boryung Pharmaceutical Co. Ltd.		323,966		3,380,791
Bukwang Pharmaceutical Co. Ltd.^(a)(c)		401,097		4,175,977
Cafe24 Corp.^(a)(c)		149,507		2,450,508
Cellid Co. Ltd.^(a)(c)		69,950		1,931,357
Cellivery Therapeutics Inc.^(a)(c)		127,919		3,238,698
Celltrion Healthcare Co. Ltd.		733,468		39,011,389
Celltrion Inc.^(c)		833,049		111,195,284
Celltrion Pharm Inc.^(a)(c)		144,349		10,620,890
Chabiotech Co. Ltd.^(a)(c)		444,053		6,437,214
Cheil Worldwide Inc.		568,245		10,684,099
Chong Kun Dang Pharmaceutical Corp.^(a)		67,476		5,421,741
Chunbo Co. Ltd.^(c)		42,141		10,068,176
CJ CGV Co. Ltd.^(a)(c)		242,918		5,286,801
CJ CheilJedang Corp.		69,668		22,067,716
CJ Corp.		124,529		8,772,507
CJ ENM Co. Ltd.		85,566		9,337,257
CJ Logistics Corp.^(a)		77,906		8,077,425
CMG Pharmaceutical Co. Ltd.^(a)(c)		1,173,505		3,175,761
Com2uSCorp.^(c)		72,389		6,738,269
Cosmax Inc.^(a)(c)		82,720		5,961,428
CosmoAM&T Co. Ltd.^(a)		228,730		7,466,446
Coway Co. Ltd.		454,237		27,280,923
Creative & Innovative System^(a)(c)		478,449		5,547,994
CS Wind Corp.		205,882		10,344,782
Cuckoo Holdings Co. Ltd.^(a)		88,875		1,319,457
Cuckoo Homesys Co. Ltd.^(a)		64,252		2,074,647
Daeduck Electronics Co. Ltd./New		362,848		7,607,641


Security	Shares		Value

South Korea (continued)
Daejoo Electronic Materials Co. Ltd.^(c)		112,171	$	8,480,250
Daesang Corp.^(a)(c)		231,127		4,304,520
Daewoo Engineering & Construction Co. Ltd.^(a)		1,657,826		8,719,983
Daewoo Shipbuilding & Marine Engineering Co. Ltd.^(a)		346,760		7,739,108
Daewoong Co. Ltd.^(a)(c)		202,360		5,103,855
Daewoong Pharmaceutical Co. Ltd.^(a)(c)		49,348		6,869,728
Daishin Securities Co. Ltd.		411,498		5,842,869
Daou Technology Inc.		278,802		5,022,810
Dawonsys Co. Ltd.^(c)		223,516		5,397,067
DB HiTek Co. Ltd.		324,698		19,032,311
DB Insurance Co. Ltd.		406,039		20,870,138
Devsisters Co. Ltd.^(c)		50,277		2,415,324
DGB Financial Group Inc.		1,470,098		11,636,466
DL E&C Co. Ltd.^(c)		124,600		13,432,585
DL Holdings Co. Ltd.		103,686		5,249,821
Dong-A Socio Holdings Co. Ltd.		37,730		3,262,480
Dong-A ST Co. Ltd.^(c)		70,787		4,027,746
Dongjin Semichem Co. Ltd.^(a)		326,348		9,762,819
DongKook Pharmaceutical Co. Ltd.^(c)		279,406		4,934,364
Dongkuk Steel Mill Co. Ltd.		603,272		8,383,264
Dongsuh Cos. Inc.		296,745		6,797,091
Dongwon F&B Co. Ltd.^(c)		11,785		1,702,517
Dongwon Industries Co. Ltd.^(c)		14,345		2,513,093
Doosan Bobcat Inc.		437,634		14,045,803
Doosan Co. Ltd.^(a)(c)		57,689		5,520,540
Doosan Fuel Cell Co. Ltd.^(a)(c)		361,753		11,845,307
Doosan Heavy Industries & Construction Co. Ltd.^(a)(c)		2,990,251		52,429,927
DoubleUGames Co. Ltd.		97,511		4,052,163
Douzone Bizon Co. Ltd.		166,113		6,726,958
Duk San Neolux Co. Ltd.^(a)(c)		123,538		4,030,459
Echo Marketing Inc.^(c)		194,177		2,861,106
Ecopro BM Co. Ltd.		95,170		30,116,717
Ecopro Co. Ltd.^(c)		163,551		12,020,010
Ecopro HN Co. Ltd.^(c)		106,434		4,692,536
E-MART Inc.		159,170		17,358,182
Enzychem Lifesciences Corp.^(a)(c)		116,516		3,211,186
Eo Technics Co. Ltd.^(a)		90,379		7,562,300
Eubiologics Co. Ltd.^(a)(c)		280,940		5,648,749
Eugene Technology Co. Ltd.^(c)		173,407		6,331,429
F&F Co. Ltd./New^(a)		29,766		22,248,236
Fila Holdings Corp.		405,752		11,990,243
Foosung Co. Ltd.^(c)		544,651		9,724,028
GC Cell Corp.^(a)(c)		85,393		4,851,163
GemVax & Kael Co. Ltd.^(a)(c)		327,503		4,168,595
Geneone Life Science Inc., NVS^(a)(c)		617,254		7,520,914
Genexine Inc.^(a)		169,025		6,588,794
GOLFZON Co. Ltd.^(a)		34,135		4,341,340
Grand Korea Leisure Co. Ltd., NVS^(a)(c)		358,604		4,395,154
Green Cross Corp.		49,061		7,465,029
Green Cross Holdings Corp.		194,532		3,628,528
GS Engineering & Construction Corp.^(c)		493,988		17,753,475
GS Holdings Corp.		367,501		12,288,884
GS Retail Co. Ltd.		309,601		6,884,731
Halla Holdings Corp.		78,928		2,675,786
Hana Financial Group Inc.		2,530,058		102,790,776
Hana Tour Service Inc.^(a)(c)		107,476		7,057,097
Hanall Biopharma Co. Ltd.^(a)		315,431		4,949,654
Handsome Co. Ltd.		133,118		3,991,874


Security	Shares		Value

South Korea (continued)
Hanil Cement Co. Ltd./New		247,229	$	3,761,709
Hanjin Transportation Co. Ltd.^(a)(c)		72,471		1,728,431
Hankook & Co. Co. Ltd.^(c)		261,949		2,941,526
Hankook Tire & Technology Co. Ltd.		622,217		18,332,517
Hanmi Pharm Co. Ltd.^(a)		55,560		12,306,539
Hanmi Semiconductor Co. Ltd.		274,596		7,741,023
Hanon Systems		1,592,103		15,418,274
Hansae Co. Ltd.^(c)		193,319		3,668,757
Hansol Chemical Co. Ltd.^(c)		83,885		15,142,160
Hanssem Co. Ltd.		102,581		6,274,423
Hanwha Aerospace Co. Ltd.		312,336		13,638,392
Hanwha Corp.^(c)		339,989		8,672,906
Hanwha Investment & Securities Co. Ltd.^(a)		1,051,858		4,260,918
Hanwha Life Insurance Co. Ltd.^(a)		3,135,054		7,742,173
Hanwha Solutions Corp.^(a)(c)		1,039,193		29,543,733
Hanwha Systems Co. Ltd.^(c)		557,797		7,370,481
HDC Holdings Co. Ltd.^(a)(c)		356,654		2,282,277
HDC Hyundai Development Co-Engineering & Construction, Class E^(a)(c)		387,354		5,213,046
Helixmith Co. Ltd.^(a)(c)		334,316		5,641,182
Hite Jinro Co. Ltd.^(a)(c)		317,333		9,442,632
HLB Inc.^(a)(c)		808,331		21,179,334
HLB Life Science Co. Ltd., NVS^(a)(c)		775,826		6,914,459
HMM Co. Ltd.^(a)(c)		2,285,801		55,369,585
Hotel Shilla Co. Ltd.^(c)		242,854		16,413,739
Huchems Fine Chemical Corp., NVS		215,607		4,011,405
Hugel Inc., NVS^(a)(c)		57,961		7,147,053
Huons Co. Ltd.^(c)		105,491		4,097,334
Huons Global Co. Ltd.^(c)		74,085		1,877,332
Hwaseung Enterprise Co. Ltd.^(a)(c)		208,380		2,840,363
HYBE Co. Ltd.^(a)		145,756		35,416,553
Hyosung Advanced Materials Corp.^(c)		24,079		9,445,933
Hyosung Chemical Corp.^(a)		20,255		4,706,127
Hyosung Corp.		92,537		6,603,982
Hyosung TNC Corp.^(c)		22,682		9,223,342
Hyundai Autoever Corp.		60,742		5,507,220
Hyundai Bioscience Co. Ltd.^(a)(c)		330,814		8,818,222
Hyundai Construction Equipment Co. Ltd.		133,335		3,753,901
Hyundai Department Store Co. Ltd.		128,614		8,379,275
Hyundai Doosan Infracore Co. Ltd.^(a)		1,051,756		5,957,242
Hyundai Elevator Co. Ltd.^(a)		248,981		7,878,545
Hyundai Engineering & Construction Co. Ltd.		639,913		23,313,447
Hyundai Glovis Co. Ltd.		156,486		23,084,084
Hyundai Greenfood Co. Ltd.^(c)		694,497		4,880,454
Hyundai Heavy Industries Holdings Co. Ltd.		401,314		17,280,332
Hyundai Home Shopping Network Corp.		55,973		2,721,609
Hyundai Marine & Fire Insurance Co. Ltd.		465,450		11,179,682
Hyundai Mipo Dockyard Co. Ltd.^(a)(c)		215,112		14,449,369
Hyundai Mobis Co. Ltd.		555,674		104,336,669
Hyundai Motor Co.^(c)		1,181,943		173,919,027
Hyundai Rotem Co. Ltd.^(a)(c)		617,940		10,298,297
Hyundai Steel Co.		746,443		24,894,525
Hyundai Wia Corp.		145,103		7,458,547
Iljin Materials Co. Ltd.^(c)		202,943		15,534,610
Ilyang Pharmaceutical Co. Ltd.		132,158		2,782,372
Industrial Bank of Korea		1,916,253		17,214,759
Innocean Worldwide Inc.		89,683		3,739,875
Innox Advanced Materials Co. Ltd.^(c)		165,741		5,853,340
iNtRON Biotechnology Inc.^(a)(c)		273,815		4,212,899
IS Dongseo Co. Ltd.^(a)(c)		163,624		7,236,133


Security	Shares		Value

South Korea (continued)
ITM Semiconductor Co. Ltd.^(c)		87,422	$	2,563,923
JB Financial Group Co. Ltd.		1,169,379		8,009,580
JW Pharmaceutical Corp.^(c)		180,304		3,793,413
JYP Entertainment Corp.^(a)(c)		257,717		10,830,482
Kakao Corp.		2,675,808		211,915,351
Kakao Games Corp.^(a)(c)		255,552		15,877,855
KakaoBank Corp.^(a)(c)		826,025		33,349,615
Kangwon Land Inc.^(a)		809,851		18,012,700
KB Financial Group Inc.		3,358,603		165,694,796
KCC Corp.^(c)		41,621		11,653,483
KCC Glass Corp.		99,758		4,846,170
KEPCO Engineering & Construction Co. Inc.^(a)(c)		127,762		9,588,733
KEPCO Plant Service & Engineering Co. Ltd.^(a)		218,830		6,802,644
Kginicis Co. Ltd.		233,305		3,405,946
Kia Corp.		2,226,215		138,014,899
KIWOOM Securities Co. Ltd.^(a)		113,155		9,608,555
KMW Co. Ltd.^(a)(c)		243,578		6,352,001
Koh Young Technology Inc.^(c)		530,731		8,488,233
Kolmar BNH Co. Ltd.^(a)(c)		122,397		3,655,342
Kolmar Korea Co. Ltd.^(a)		146,937		5,671,256
Kolon Industries Inc.		158,581		7,822,137
Komipharm International Co. Ltd.^(a)(c)		382,778		2,661,673
KONA I Co. Ltd.^(a)(c)		118,007		2,652,166
Korea Aerospace Industries Ltd.^(a)		618,477		19,241,985
Korea Electric Power Corp.^(a)		2,069,038		40,096,525
Korea Investment Holdings Co. Ltd.^(a)		350,043		23,255,172
Korea Line Corp.^(a)		1,336,730		3,113,499
Korea Petrochemical Ind. Co Ltd.^(a)(c)		30,267		4,329,411
Korea REIT & Trust Co. Ltd.		2,116,731		3,875,409
Korea Shipbuilding & Offshore Engineering Co. Ltd.^(a)		330,902		24,531,742
Korea United Pharm Inc.^(a)(c)		95,906		3,681,112
Korea Zinc Co. Ltd.		73,987		33,933,440
Korean Air Lines Co. Ltd.^(a)		1,463,320		36,051,712
Korean Reinsurance Co.		828,994		6,693,820
Krafton Inc.^(a)(c)		191,973		47,625,547
KT Skylife Co. Ltd.		270,336		1,919,661
KT&G Corp.		919,578		61,130,372
Kuk-Il Paper Manufacturing Co. Ltd.^(a)(c)		1,057,047		3,308,889
Kumho Petrochemical Co. Ltd.^(a)(c)		156,755		21,147,917
Kumho Tire Co. Inc.^(a)		886,599		2,940,787
Kyung Dong Navien Co. Ltd.		82,064		3,047,761
L&C Bio Co. Ltd.^(c)		156,139		4,147,166
L&F Co. Ltd.^(a)(c)		200,233		32,945,436
LEENO Industrial Inc.		90,911		13,729,413
LegoChem Biosciences Inc.^(a)(c)		192,858		7,115,036
LF Corp.		196,293		2,925,704
LG Chem Ltd.		392,681		186,344,444
LG Corp.		735,864		46,249,209
LG Display Co. Ltd.^(c)		1,944,012		30,572,308
LG Electronics Inc.		903,297		94,300,912
LG Energy Solution^(a)		179,836		61,623,015
LG Household & Health Care Ltd.^(c)		78,625		62,384,486
LG Innotek Co. Ltd.		121,204		33,458,682
LG Uplus Corp.		1,708,000		18,761,267
LIG Nex1 Co. Ltd.^(c)		137,391		7,840,335
Lock&Lock Co. Ltd.^(a)		264,195		2,210,040
Lotte Chemical Corp.		142,086		26,186,414
Lotte Chilsung Beverage Co. Ltd.^(c)		44,958		6,181,628
Lotte Confectionery Co. Ltd.		18,657		1,798,243


Security	Shares		Value

South Korea (continued)
LOTTE Fine Chemical Co. Ltd.		173,519	$	11,543,456
LOTTE Himart Co. Ltd.		93,154		1,808,927
LOTTE Reit Co. Ltd.		1,743,512		7,921,117
Lotte Shopping Co. Ltd.^(c)		98,943		7,069,753
Lotte Tour Development Co. Ltd.^(a)(c)		411,793		6,151,883
LS Corp.^(c)		159,054		6,491,171
LS Electric Co. Ltd.		175,419		6,324,017
Lx Hausys Ltd.		67,105		3,093,679
LX Holdings Corp.^(a)(c)		401,750		3,285,535
Lx International Corp.		296,553		7,369,384
LX Semicon Co. Ltd.^(c)		107,223		10,299,088
Maeil Dairies Co. Ltd.		48,610		2,762,223
Mando Corp.^(c)		273,896		10,471,749
Mcnex Co. Ltd.		132,639		5,100,375
MedPacto Inc.^(a)(c)		125,379		3,670,967
Medytox Inc.^(a)(c)		46,625		4,752,845
MegaStudyEdu Co. Ltd.^(a)(c)		93,270		6,477,761
Meritz Financial Group Inc.^(c)		348,381		10,712,429
Meritz Fire & Marine Insurance Co. Ltd.		437,188		15,024,869
Meritz Securities Co. Ltd.^(c)		2,433,793		11,918,196
Mezzion Pharma Co. Ltd.^(a)(c)		65,828		9,022,871
Mirae Asset Life Insurance Co. Ltd.		749,463		2,556,675
Mirae Asset Securities Co. Ltd.^(c)		2,225,771		16,424,830
Myoung Shin Industrial Co. Ltd.^(a)(c)		193,861		3,868,004
Namhae Chemical Corp.^(a)(c)		288,944		2,336,482
Naturecell Co. Ltd.^(a)(c)		470,097		6,460,371
NAVER Corp.		1,046,290		278,791,512
NCSoft Corp.		140,869		52,184,198
NEPES Corp.^(a)		192,440		4,611,594
Netmarble Corp.^(b)(c)		176,805		15,192,494
Nexen Tire Corp.^(a)		301,974		1,589,692
Next Science Co. Ltd.^(a)		364,277		5,241,776
NH Investment & Securities Co. Ltd.^(a)		935,104		9,048,934
NHN Corp.^(a)		201,434		6,014,850
NHN KCP Corp.^(a)		274,029		5,390,216
NICE Holdings Co. Ltd.		245,447		3,420,221
NICE Information Service Co. Ltd.^(a)(c)		360,977		5,603,551
NKMax Co. Ltd.^(a)(c)		336,819		4,420,651
NongShim Co. Ltd.		32,649		8,359,394
OCI Co. Ltd.^(a)(c)		170,224		15,057,907
Orion Corp./Republic of Korea		200,953		15,377,776
Orion Holdings Corp.		266,771		3,144,876
Oscotec Inc.^(a)(c)		224,194		5,622,092
Osstem Implant Co. Ltd.^(a)(d)		104,101		10,639,709
Ottogi Corp.		13,947		5,032,169
Pan Ocean Co. Ltd.		2,329,926		12,857,453
Paradise Co. Ltd., NVS^(a)(c)		503,557		7,024,248
Park Systems Corp.		42,119		4,205,184
Partron Co. Ltd.^(c)		452,306		4,355,000
Pearl Abyss Corp.^(a)(c)		259,214		20,789,758
People & Technology Inc.^(a)(c)		162,370		5,831,689
PharmaResearch Co. Ltd.^(c)		63,021		4,620,419
Pharmicell Co. Ltd.^(a)		543,510		4,994,488
PI Advanced Materials Co. Ltd.^(a)		174,144		6,354,842
Poongsan Corp.		273,806		7,292,485
POSCO		630,383		149,983,082
POSCO Chemical Co. Ltd.^(c)		278,964		26,721,750
Posco ICT Co. Ltd.^(c)		597,766		2,878,365
Posco International Corp.^(c)		455,659		7,906,279
RFHIC Corp.^(c)		189,246		4,500,261


Security	Shares		Value

South Korea (continued)
S&S Tech Corp.^(c)		181,645	$	4,265,548
S-1 Corp.		125,316		7,295,061
Sam Chun Dang Pharm Co. Ltd.^(a)(c)		139,430		4,253,607
Sam Kang M&T Co. Ltd.^(a)(c)		253,161		3,914,533
Samsung Biologics Co. Ltd.^(a)(b)(c)		141,520		92,066,254
Samsung C&T Corp.		701,309		64,769,833
Samsung Electro-Mechanics Co. Ltd.		470,712		65,809,404
Samsung Electronics Co. Ltd.		40,681,031		2,451,169,483
Samsung Engineering Co. Ltd.^(a)		1,349,061		26,353,990
Samsung Fire & Marine Insurance Co. Ltd.		260,574		41,436,624
Samsung Heavy Industries Co. Ltd.^(a)		5,352,984		26,094,577
Samsung Life Insurance Co. Ltd.		572,132		28,606,334
Samsung SDI Co. Ltd.		469,538		216,381,910
Samsung SDS Co. Ltd.		288,024		33,813,469
Samsung Securities Co. Ltd.		507,744		17,995,377
Samwha Capacitor Co. Ltd.		100,355		4,750,575
Samyang Foods Co. Ltd.^(c)		53,049		3,881,063
Samyang Holdings Corp.		54,003		3,761,037
SD Biosensor Inc.		303,223		13,769,681
Sebang Global Battery Co. Ltd.		63,484		3,390,545
Seegene Inc.^(c)		306,836		13,150,998
Seobu T&D^(c)		439,361		3,286,578
Seojin System Co. Ltd.^(a)(c)		130,783		3,726,930
Seoul Semiconductor Co. Ltd.^(a)(c)		423,506		4,741,430
SFA Engineering Corp.^(c)		184,873		5,832,762
SFA Semicon Co. Ltd.^(a)(c)		843,940		4,631,578
Shin Poong Pharmaceutical Co. Ltd.^(a)(c)		277,735		8,111,980
Shinhan Financial Group Co. Ltd.		3,627,254		118,015,411
Shinsegae Inc.		58,520		12,844,410
Shinsegae International Inc.^(c)		28,567		3,639,014
SillaJen Inc.^(a)(c)(d)		540,819		3,265,560
SIMMTECH Co. Ltd.^(c)		170,411		7,650,283
SK Biopharmaceuticals Co. Ltd.^(a)(c)		225,233		15,987,067
SK Bioscience Co. Ltd.^(a)(c)		192,558		23,580,404
SK Chemicals Co. Ltd.		99,849		10,488,951
SK D&D Co. Ltd.		78,541		1,960,223
SK Discovery Co. Ltd.		97,764		3,312,025
SK Gas Ltd.		45,497		4,523,213
SK Hynix Inc.		4,637,746		483,505,900
SK IE Technology Co. Ltd.^(a)(b)(c)		186,999		19,421,211
SK Inc.^(c)		343,399		65,592,621
SK Innovation Co. Ltd.^(a)		436,137		73,626,924
SK Networks Co. Ltd.		1,352,507		4,990,324
SK Square Co. Ltd.^(a)		679,272		31,524,413
SK Telecom Co. Ltd.		269,674		12,306,056
SKC Co. Ltd.		193,813		22,539,288
SL Corp.^(a)(c)		142,347		2,837,576
SM Entertainment Co. Ltd.^(c)		178,348		11,152,098
SNT Motiv Co. Ltd.		87,073		3,148,305
S-Oil Corp.		380,006		27,063,788
SOLUM Co. Ltd.^(a)		311,628		5,941,092
Solus Advanced Materials Co Ltd.		114,757		6,081,076
Soulbrain Co. Ltd./New^(c)		41,549		7,933,199
Soulbrain Holdings Co. Ltd.^(c)		61,068		1,470,187
ST Pharm Co. Ltd.		90,283		7,528,587
STIC Investments Inc.		303,241		2,594,179
Taihan Electric Wire Co. Ltd.^(a)(c)		2,812,786		3,778,659
Tera Resource Co. Ltd.^(a)(d)		49,111		—
TES Co. Ltd./Korea^(c)		190,641		4,068,955
Tokai Carbon Korea Co. Ltd.^(c)		55,096		5,441,342


Security	Shares		Value

South Korea (continued)
Tongyang Life Insurance Co. Ltd.		766,059	$	3,933,425
TY Holdings Co. Ltd./Korea^(a)		215,836		4,920,978
Vaxcell-Bio Therapeutics Co. Ltd.^(a)(c)		81,699		2,354,769
Vidente Co. Ltd.^(a)		333,093		4,587,757
Webzen Inc.^(a)(c)		153,451		2,986,222
Wemade Co. Ltd.^(c)		162,437		15,077,929
Wonik Holdings Co. Ltd.^(a)		1		4
WONIK IPS Co. Ltd.^(c)		271,189		8,187,876
Woori Financial Group Inc.		4,343,216		51,951,795
Woori Investment Bank Co. Ltd.^(c)		3,425,208		2,484,717
Woori Technology Investment Co. Ltd., NVS^(a)(c)		596,125		4,269,487
Wysiwyg Studious Co. Ltd.^(a)(c)		212,794		6,414,677
Y2 Solution Co. Ltd.^(a)(c)(d)		278,963		339,670
YG Entertainment Inc.^(c)		114,521		6,335,729
Youlchon Chemical Co. Ltd.^(c)		111,418		2,225,922
Youngone Corp.^(a)		205,702		7,315,568
Youngone Holdings Co. Ltd.^(a)		65,667		2,547,670
Yuanta Securities Korea Co. Ltd.^(a)		1,163,826		3,458,940
Yuhan Corp.		434,193		21,096,654
Yungjin Pharmaceutical Co. Ltd.^(a)(c)		922,869		3,742,517
Zinus Inc.^(a)(c)		96,279		6,043,981


				8,878,055,724

Taiwan — 17.0%
AcBel Polytech Inc.^(c)		6,154,000		7,425,567
Accton Technology Corp.^(c)		4,386,000		39,774,732
Acer Inc.^(c)		24,773,872		25,711,025
Actron Technology Corp.^(c)		498,000		4,083,425
ADATA Technology Co. Ltd.^(c)		2,249,820		7,569,671
Adimmune Corp.^(c)		2,605,000		3,716,783
Advanced Ceramic X Corp.^(c)		438,000		4,246,644
Advanced Energy Solution Holding Co. Ltd.^(c)		257,000		12,203,959
Advanced Wireless Semiconductor Co.^(c)		1,439,000		5,326,485
Advantech Co. Ltd.^(c)		3,210,110		42,272,358
Airtac International Group^(c)		1,170,292		38,926,362
Alchip Technologies Ltd., NVS^(c)		600,000		23,440,522
Amazing Microelectronic Corp.^(c)		660,000		4,536,112
AmTRAN Technology Co. Ltd.^(c)		8,504,672		4,924,346
Andes Technology Corp.^(c)		341,000		5,171,115
AP Memory Technology Corp.^(c)		709,000		9,419,655
Apex International Co. Ltd.^(c)		1,254,000		4,519,877
Arcadyan Technology Corp.^(c)		1,312,391		5,435,972
Ardentec Corp.^(c)		4,540,546		8,321,500
ASE Technology Holding Co. Ltd.^(c)		27,988,222		101,158,040
Asia Cement Corp.		16,590,050		26,813,772
Asia Optical Co. Inc.^(a)(c)		2,588,000		7,588,889
Asia Pacific Telecom Co. Ltd.^(a)		18,761,173		5,362,250
Asia Vital Components Co. Ltd.^(c)		3,011,000		12,038,807
ASMedia Technology Inc.^(c)		235,000		14,548,455
ASPEED Technology Inc., NVS^(c)		193,000		18,969,004
ASROCK Inc.^(c)		511,000		4,178,237
Asustek Computer Inc.^(c)		5,922,000		79,002,288
AU Optronics Corp.^(c)		69,596,000		52,104,908
AURAS Technology Co. Ltd.^(c)		698,000		6,470,840
Bank of Kaohsiung Co. Ltd.^(c)		26,879,903		12,977,270
BES Engineering Corp.^(c)		17,022,000		5,386,971
Bizlink Holding Inc.^(c)		1,049,926		11,368,758
Brighton-Best International Taiwan Inc.^(c)		4,588,000		6,567,214
Capital Securities Corp.^(c)		23,423,050		13,254,002
Career Technology MFG. Co. Ltd.^(a)(c)		4,536,498		3,880,721
Catcher Technology Co. Ltd.		5,110,000		26,228,659


Security	Shares		Value

Taiwan (continued)
Cathay Financial Holding Co. Ltd.		67,329,872	$	151,400,342
Cathay Real Estate Development Co. Ltd.^(c)		8,036,900		5,519,824
Center Laboratories Inc.^(c)		3,450,007		7,281,303
Century Iron & Steel Industrial Co. Ltd.^(c)		1,446,000		5,654,607
Chailease Holding Co. Ltd.^(c)		11,279,721		102,369,221
Chang Hwa Commercial Bank Ltd.		37,908,182		24,067,305
Charoen Pokphand Enterprise		2,113,000		6,393,766
Cheng Loong Corp.^(c)		7,251,000		8,948,347
Cheng Shin Rubber Industry Co. Ltd.^(c)		13,063,650		16,712,331
Cheng Uei Precision Industry Co. Ltd.^(c)		3,335,000		4,582,425
Chicony Electronics Co. Ltd.^(c)		4,063,787		13,071,889
Chicony Power Technology Co. Ltd.^(c)		1,136,000		3,226,694
Chief Telecom Inc.^(c)		260,000		2,528,482
China Airlines Ltd.^(a)(c)		23,062,000		23,514,806
China Bills Finance Corp.^(c)		15,250,000		9,300,787
China Development Financial Holding Corp.		127,522,649		87,329,361
China General Plastics Corp.^(c)		4,485,386		5,582,726
China Man-Made Fiber Corp.^(c)		18,449,574		6,403,753
China Metal Products^(c)		4,343,146		5,577,897
China Motor Corp.^(c)		2,534,800		5,659,193
China Petrochemical Development Corp.^(a)(c)		31,915,490		13,788,092
China Steel Chemical Corp.^(c)		1,456,000		6,262,744
China Steel Corp.		100,611,529		130,830,646
Chin-Poon Industrial Co. Ltd.^(c)		4,204,000		5,486,051
Chipbond Technology Corp.^(c)		3,712,000		9,236,419
ChipMOS Technologies Inc.^(c)		5,300,000		10,010,547
Chlitina Holding Ltd.		497,000		3,747,469
Chong Hong Construction Co. Ltd.^(c)		1,548,122		4,229,855
Chroma ATE Inc.^(c)		3,001,000		20,432,301
Chung Hung Steel Corp.^(c)		7,846,000		11,651,503
Chung-Hsin Electric & Machinery Manufacturing Corp.^(c)		3,591,000		5,399,170
Chunghwa Precision Test Tech Co. Ltd.^(c)		178,000		4,040,891
Chunghwa Telecom Co. Ltd.		30,869,000		137,200,873
Cleanaway Co. Ltd.^(c)		887,000		6,741,185
Clevo Co.		4,601,175		5,071,986
Compal Electronics Inc.^(c)		33,615,000		30,623,652
Compeq Manufacturing Co. Ltd.^(c)		7,366,000		12,764,344
Continental Holdings Corp.^(c)		4,768,600		4,013,614
Coretronic Corp.^(c)		3,505,200		8,982,778
Co-Tech Development Corp.^(c)		2,429,000		6,602,175
CSBC Corp. Taiwan^(a)(c)		6,410,316		4,837,491
CTBC Financial Holding Co. Ltd.		156,202,599		152,684,522
CTCI Corp.		5,342,000		7,862,492
Cub Elecparts Inc.^(c)		535,979		3,027,270
Darfon Electronics Corp.^(c)		2,788,000		4,558,134
Delta Electronics Inc.^(c)		16,471,000		146,791,315
E Ink Holdings Inc.		7,587,000		40,888,604
E.Sun Financial Holding Co Ltd.^(c)		98,848,472		104,488,050
Eclat Textile Co. Ltd.^(c)		1,573,683		32,619,583
EirGenix Inc.^(a)(c)		1,407,000		5,244,569
Elan Microelectronics Corp.^(c)		2,355,100		13,987,034
Elite Material Co. Ltd.^(c)		2,412,000		23,652,684
Elite Semiconductor Microelectronics Technology Inc.^(c)		2,295,000		12,083,525
eMemory Technology Inc.^(c)		556,000		37,522,911
Ennoconn Corp.^(c)		585,219		4,281,013
ENNOSTAR Inc.^(a)(c)		4,871,185		13,981,293
Episil Technologies Inc.^(a)(c)		2,194,929		8,620,437
Episil-Precision Inc.^(c)		1,136,000		4,413,907


Security	Shares		Value

Taiwan (continued)
Eternal Materials Co. Ltd.^(c)		8,034,915	$	10,444,296
Eva Airways Corp.^(a)(c)		20,638,326		24,311,066
Evergreen Marine Corp. Taiwan Ltd.^(c)		21,722,449		114,113,603
Everlight Chemical Industrial Corp.^(c)		5,816,781		5,410,080
Everlight Electronics Co. Ltd.^(c)		3,604,000		6,491,235
Far Eastern Department Stores Ltd.		9,916,167		7,548,304
Far Eastern International Bank^(c)		27,237,397		10,837,519
Far Eastern New Century Corp.		21,100,916		22,367,886
Far EasTone Telecommunications Co. Ltd.		11,702,000		28,942,925
Faraday Technology Corp.^(c)		1,874,000		18,779,667
Farglory Land Development Co. Ltd.^(c)		2,511,782		5,495,289
Feng Hsin Steel Co. Ltd.^(c)		4,721,000		14,238,041
Feng TAY Enterprise Co. Ltd.		3,454,387		25,750,228
First Financial Holding Co. Ltd.		86,213,984		79,380,443
Fitipower Integrated Technology Inc.^(c)		979,161		7,942,557
FLEXium Interconnect Inc.^(a)(c)		2,288,616		7,812,486
FocalTech Systems Co. Ltd.^(c)		1,482,000		8,221,594
Formosa Chemicals & Fibre Corp.		28,877,210		81,868,995
Formosa International Hotels Corp.^(c)		580,000		3,706,160
Formosa Petrochemical Corp.^(c)		8,918,000		31,369,810
Formosa Plastics Corp.		32,990,800		124,573,755
Formosa Sumco Technology Corp.^(c)		732,000		6,810,921
Formosa Taffeta Co. Ltd.^(c)		6,582,000		6,719,422
Foxconn Technology Co. Ltd.^(c)		7,317,424		16,842,895
Foxsemicon Integrated Technology Inc.^(c)		689,000		5,409,722
Fubon Financial Holding Co. Ltd.^(c)		64,227,022		173,417,069
Fulgent Sun International Holding Co. Ltd.^(c)		1,084,221		4,581,583
Fusheng Precision Co. Ltd.^(c)		859,000		6,061,050
General Interface Solution Holding Ltd., NVS^(c)		2,158,000		7,021,959
Genius Electronic Optical Co. Ltd., NVS^(c)		618,287		10,226,613
Getac Holdings Corp.^(c)		4,004,000		8,460,565
Giant Manufacturing Co. Ltd.^(c)		2,629,000		27,293,751
Gigabyte Technology Co. Ltd.^(c)		4,421,000		22,654,065
Ginko International Co. Ltd.^(c)		407,250		4,027,832
Global Mixed Mode Technology Inc.		597,000		5,166,665
Global PMX Co. Ltd.^(c)		385,000		2,239,840
Global Unichip Corp.^(c)		744,000		12,343,461
Globalwafers Co. Ltd.^(c)		1,850,000		45,791,971
Gold Circuit Electronics Ltd.^(c)		3,619,000		10,605,801
Goldsun Building Materials Co. Ltd.^(c)		9,069,425		8,605,746
Gourmet Master Co. Ltd.^(c)		851,471		3,482,355
Grand Pacific Petrochemical^(c)		8,602,000		8,822,840
Grape King Bio Ltd.^(c)		985,000		5,341,754
Great Wall Enterprise Co. Ltd.^(c)		5,414,202		10,509,122
Greatek Electronics Inc.^(c)		3,118,000		8,160,654
Gudeng Precision Industrial Co. Ltd.^(c)		549,356		5,109,011
Hannstar Board Corp.^(c)		3,228,000		5,207,035
HannStar Display Corp.^(c)		19,504,640		11,249,467
Highwealth Construction Corp.^(c)		5,167,153		9,052,453
Hiwin Technologies Corp.^(c)		2,274,555		21,716,468
Holtek Semiconductor Inc.		2,065,000		8,067,612
Holy Stone Enterprise Co. Ltd.^(c)		1,316,330		5,544,777
Hon Hai Precision Industry Co. Ltd.		106,216,928		394,548,945
Hota Industrial Manufacturing Co. Ltd.^(c)		2,392,261		6,836,965
Hotai Finance Co. Ltd.		1,648,000		7,323,777
Hotai Motor Co. Ltd.^(c)		2,594,000		58,731,891
Hsin Kuang Steel Co. Ltd.^(c)		3,090,000		6,942,802
HTC Corp.^(a)(c)		6,149,000		12,936,197
Hua Nan Financial Holdings Co. Ltd.		72,923,002		57,822,837
Huaku Development Co. Ltd.		2,368,000		7,687,174


Security	Shares		Value

Taiwan (continued)
IBF Financial Holdings Co. Ltd.^(c)		19,507,706	$	11,040,264
Innodisk Corp.^(c)		1,000,740		7,600,469
Innolux Corp.^(c)		80,207,241		48,807,183
International CSRC Investment Holdings Co.^(c)		7,567,685		6,941,291
International Games System Co. Ltd.^(c)		485,000		11,987,497
Inventec Corp.^(c)		19,280,000		17,805,074
ITE Technology Inc.^(c)		1,618,000		6,345,953
ITEQ Corp.^(c)		1,726,604		8,058,224
Jentech Precision Industrial Co. Ltd.^(c)		655,000		9,083,939
Johnson Health Tech Co. Ltd.^(c)		1,080,000		2,174,152
Kenda Rubber Industrial Co. Ltd.^(c)		5,305,337		5,724,881
Kindom Development Co. Ltd.^(c)		3,598,300		4,798,231
King Slide Works Co. Ltd., NVS		612,000		9,409,122
King Yuan Electronics Co. Ltd.^(c)		8,107,000		12,771,565
King’s Town Bank Co. Ltd.		6,359,000		9,188,424
Kinpo Electronics^(c)		14,412,000		7,950,507
Kinsus Interconnect Technology Corp.^(c)		2,555,000		21,258,359
LandMark Optoelectronics Corp.^(c)		825,900		5,391,292
Largan Precision Co. Ltd.^(c)		819,000		59,519,028
Lien Hwa Industrial Holdings Corp.^(c)		7,977,427		19,158,526
Lite-On Technology Corp.		17,992,238		44,240,742
Longchen Paper & Packaging Co. Ltd.^(c)		6,971,720		5,431,845
Lotes Co. Ltd.		591,848		15,371,960
Lotus Pharmaceutical Co. Ltd.^(c)		863,000		3,478,762
Macronix International Co. Ltd.^(c)		14,685,554		23,247,159
Makalot Industrial Co. Ltd.^(c)		1,654,510		13,070,027
Marketech International Corp.^(c)		1,019,000		5,484,393
MediaTek Inc.^(c)		12,879,572		508,946,948
Medigen Vaccine Biologics Corp.^(a)(c)		1,273,000		10,602,657
Mega Financial Holding Co. Ltd.		89,994,958		121,277,286
Mercuries Life Insurance Co. Ltd.^(a)(c)		15,110,158		4,817,446
Merida Industry Co. Ltd.^(c)		1,703,850		17,353,544
Merry Electronics Co. Ltd.^(c)		1,747,751		5,129,005
Microbio Co. Ltd.^(a)(c)		3,037,928		6,855,808
Micro-Star International Co. Ltd.^(c)		6,038,000		34,034,857
Mitac Holdings Corp.^(c)		8,372,053		10,120,462
momo.com Inc.^(c)		397,400		14,147,061
Nan Kang Rubber Tire Co. Ltd.^(c)		4,343,000		6,264,948
Nan Pao Resins Chemical Co. Ltd.^(c)		439,000		2,113,623
Nan Ya Plastics Corp.		44,575,440		140,590,928
Nan Ya Printed Circuit Board Corp.^(c)		1,949,000		37,322,602
Nantex Industry Co. Ltd.^(c)		2,515,000		6,699,314
Nanya Technology Corp		10,355,000		28,998,149
Nien Made Enterprise Co. Ltd.		1,286,000		16,671,391
Novatek Microelectronics Corp.^(c)		4,901,000		81,251,056
Nuvoton Technology Corp.^(c)		1,521,000		7,605,044
OBI Pharma Inc.^(a)(c)		1,329,258		5,584,661
Oneness Biotech Co. Ltd.^(a)(c)		1,939,000		17,117,978
Oriental Union Chemical Corp.^(a)(c)		6,709,000		5,237,832
Pan Jit International Inc.^(c)		2,632,200		9,680,644
Pan-International Industrial Corp.^(c)		4,558,366		6,141,823
Parade Technologies Ltd.		673,000		46,465,036
PChome Online Inc.^(c)		852,000		3,464,526
Pegatron Corp.		15,707,000		38,930,691
Pharmally International Holding Co. Ltd.^(a)(d)		597,543		—
Phison Electronics Corp.^(c)		1,245,000		23,035,153
Pixart Imaging Inc.^(c)		1,249,000		6,042,650
Pou Chen Corp.		18,023,000		20,784,352
Powertech Technology Inc.^(c)		4,915,000		16,671,381
Poya International Co. Ltd.^(c)		467,050		6,767,737


Security	Shares		Value

Taiwan (continued)
President Chain Store Corp.		4,682,000	$	43,750,992
President Securities Corp.^(c)		9,488,603		7,338,151
Primax Electronics Ltd.^(c)		3,895,000		7,354,985
Prince Housing & Development Corp.^(c)		12,966,995		6,410,739
Qisda Corp.^(c)		13,291,000		14,688,995
Quanta Computer Inc.		22,447,000		75,060,440
Radiant Opto-Electronics Corp.^(c)		2,971,000		10,742,624
RDC Semiconductor Co. Ltd.^(a)(c)		492,000		7,537,602
Realtek Semiconductor Corp.^(c)		3,930,110		64,799,489
Rexon Industrial Corp. Ltd.^(c)		1,210,000		1,863,967
RichWave Technology Corp.^(c)		762,200		5,901,693
Ritek Corp.^(a)		1		—
Ruentex Development Co. Ltd.^(c)		10,110,120		26,104,592
Ruentex Industries Ltd.^(c)		3,869,225		16,096,585
Sanyang Motor Co. Ltd.^(c)		4,963,000		5,030,418
ScinoPharm Taiwan Ltd.^(c)		2,791,027		2,355,816
SDI Corp.^(c)		1,372,000		6,557,394
Sensortek Technology Corp.^(c)		241,000		3,790,181
Sercomm Corp.^(c)		2,386,000		6,233,343
Shanghai Commercial & Savings Bank Ltd/The		29,793,346		49,076,981
Shin Kong Financial Holding Co. Ltd.^(c)		93,557,255		37,940,696
Shin Zu Shing Co. Ltd.^(c)		1,547,904		5,028,365
Shinkong Synthetic Fibers Corp.		13,541,000		9,903,106
Sigurd Microelectronics Corp.^(c)		5,050,700		10,376,227
Simplo Technology Co. Ltd.		1,302,400		14,615,198
Sinbon Electronics Co. Ltd.^(c)		1,932,809		18,581,406
Sino-American Silicon Products Inc.^(c)		4,341,000		28,547,179
SinoPac Financial Holdings Co. Ltd.		88,939,660		54,614,382
Sinyi Realty Inc.		4,546,704		5,519,642
Sitronix Technology Corp.^(c)		1,008,000		10,679,491
Soft-World International Corp.^(c)		897,000		2,991,531
Solar Applied Materials Technology Corp., NVS^(c)		4,246,710		7,946,602
Sonix Technology Co. Ltd.^(c)		1,443,000		4,554,383
Sporton International Inc.		757,050		5,450,353
St. Shine Optical Co. Ltd.^(c)		428,000		4,426,846
Standard Foods Corp.^(c)		4,074,096		7,398,587
Sunny Friend Environmental Technology Co. Ltd.^(c)		627,000		4,461,083
Sunplus Technology Co. Ltd.^(c)		4,133,000		5,094,176
Supreme Electronics Co. Ltd.^(c)		4,836,512		9,287,166
Synnex Technology International Corp.		11,341,250		29,362,119
Systex Corp.^(c)		1,588,000		4,681,630
TA Chen Stainless Pipe^(c)		12,520,466		23,937,247
Taichung Commercial Bank Co. Ltd.^(c)		24,996,559		11,991,002
TaiDoc Technology Corp.^(c)		523,000		3,357,945
Taigen Biopharmaceuticals Holdings Ltd.^(a)(c)		2,920,000		1,776,089
TaiMed Biologics Inc.^(a)(c)		1,660,000		4,118,483
Tainan Spinning Co. Ltd.^(c)		11,437,894		9,605,626
Taishin Financial Holding Co. Ltd.		88,529,681		62,043,830
Taiwan Business Bank		41,044,853		16,338,957
Taiwan Cement Corp.^(c)		42,936,574		72,890,111
Taiwan Cogeneration Corp.^(c)		5,047,000		6,680,924
Taiwan Cooperative Financial Holding Co. Ltd.		79,722,953		75,631,865
Taiwan Fertilizer Co. Ltd.		6,691,000		16,455,659
Taiwan Glass Industry Corp.^(c)		9,706,053		8,077,353
Taiwan High Speed Rail Corp.		14,138,000		14,963,259
Taiwan Hon Chuan Enterprise Co. Ltd.^(c)		3,550,674		9,562,788
Taiwan Mask Corp.^(c)		2,025,000		7,261,925
Taiwan Mobile Co. Ltd.		12,766,000		47,207,270
Taiwan Paiho Ltd.^(c)		2,635,000		7,419,862


Security	Shares		Value

Taiwan (continued)
Taiwan Secom Co. Ltd.^(c)		2,610,185	$	9,582,569
Taiwan Semiconductor Co. Ltd.^(c)		2,066,000		5,106,698
Taiwan Semiconductor Manufacturing Co. Ltd.		210,024,000		4,515,422,776
Taiwan Shin Kong Security Co. Ltd.^(c)		5,731,577		8,057,431
Taiwan Surface Mounting Technology Corp.^(c)		2,195,000		9,261,529
Taiwan TEA Corp.^(a)(c)		8,964,000		6,885,995
Taiwan Union Technology Corp.^(c)		2,265,000		7,017,910
Tanvex BioPharma Inc.^(a)		1,569,950		3,331,884
Tatung Co. Ltd.^(a)(c)		15,030,000		16,962,713
TCI Co. Ltd.^(c)		885,444		6,209,215
Teco Electric and Machinery Co. Ltd.		14,835,000		16,024,349
Test Research Inc.		1,932,400		4,335,907
Thinking Electronic Industrial Co. Ltd.		791,000		3,977,456
Ton Yi Industrial Corp.^(c)		10,896,000		5,711,786
Tong Hsing Electronic Industries Ltd.^(c)		1,273,762		13,343,955
Tong Yang Industry Co. Ltd.^(c)		4,648,400		5,428,624
Topco Scientific Co. Ltd.		1,921,639		11,902,891
TPK Holding Co. Ltd.^(c)		3,077,000		4,263,260
Transcend Information Inc.		2,449,000		6,211,378
Tripod Technology Corp.^(c)		3,159,000		14,483,504
TSEC Corp.^(a)(c)		3,798,000		5,248,761
TSRC Corp.^(c)		6,601,900		8,372,542
TTY Biopharm Co. Ltd.^(c)		2,164,124		5,285,739
Tung Ho Steel Enterprise Corp.^(c)		5,318,560		13,396,463
Tung Thih Electronic Co. Ltd.^(c)		624,000		3,234,756
TXC Corp.^(c)		2,471,000		8,637,529
U-Ming Marine Transport Corp.^(c)		4,096,000		8,973,222
Unimicron Technology Corp.		10,326,000		96,009,034
Union Bank of Taiwan^(a)(c)		11,047,860		5,450,587
Uni-President Enterprises Corp.		39,450,369		94,913,335
United Integrated Services Co. Ltd.^(c)		1,262,400		7,992,060
United Microelectronics Corp.^(c)		101,070,000		190,451,369
United Renewable Energy Co. Ltd.^(a)		12,490,238		9,260,447
Universal Vision Biotechnology Co. Ltd.^(c)		385,000		3,740,442
UPC Technology Corp.^(c)		9,167,365		6,935,763
USI Corp.^(c)		7,960,300		8,164,318
Vanguard International Semiconductor Corp.^(c)		7,634,000		34,645,869
VIA Labs Inc.^(c)		208,000		3,342,868
Via Technologies Inc.^(c)		1,725,000		3,956,097
Visual Photonics Epitaxy Co. Ltd.^(c)		1,412,000		5,743,693
Voltronic Power Technology Corp.^(c)		542,493		28,173,412
Wafer Works Corp.^(c)		4,545,839		11,950,843
Wah Lee Industrial Corp.^(c)		2,492,580		9,537,640
Walsin Lihwa Corp.^(c)		20,782,000		21,016,807
Walsin Technology Corp.^(c)		2,557,597		13,547,101
Wan Hai Lines Ltd.^(c)		5,267,800		35,881,387
Win Semiconductors Corp.^(c)		2,934,427		32,125,311
Winbond Electronics Corp.^(c)		26,585,480		32,016,656
Wisdom Marine Lines Co. Ltd.^(c)		3,646,000		11,861,705
Wistron Corp.		21,941,004		23,122,889
Wistron NeWeb Corp.^(c)		2,950,654		7,515,685
Wiwynn Corp.^(c)		648,000		23,143,708
WPG Holdings Ltd.		12,166,200		24,280,195
WT Microelectronics Co. Ltd.^(c)		4,366,734		13,085,241
XinTec Inc.^(c)		1,521,000		6,567,445
XPEC Entertainment Inc.^(d)		31,000		—
Xxentria Technology Materials Corp.^(c)		1,636,000		4,067,859
Yageo Corp.^(c)		3,710,286		60,873,752
Yang Ming Marine Transport Corp.^(a)(c)		14,956,677		63,214,345
YFY Inc.^(c)		10,978,000		13,260,832


Security	Shares		Value

Taiwan (continued)
Yieh Phui Enterprise Co. Ltd.^(a)(c)		9,567,026	$	8,351,775
Yuanta Financial Holding Co. Ltd.		80,249,388		71,686,181
Yulon Finance Corp.		1,951,658		14,201,218
Yulon Motor Co. Ltd.^(c)		5,487,088		8,078,314
YungShin Global Holding Corp.^(c)		3,393,650		5,152,912
Zhen Ding Technology Holding Ltd.^(c)		5,064,950		16,799,365


				12,358,022,503

Thailand — 2.1%
Advanced Info Service PCL, NVDR		10,110,500		71,171,008
Airports of Thailand PCL, NVDR^(a)		36,550,700		72,214,395
Amata Corp. PCL, NVDR		12,786,630		8,399,702
AP Thailand PCL, NVDR		33,512,390		10,893,203
Asset World Corp. PCL, NVDR^(a)		59,984,700		8,837,023
B Grimm Power PCL, NVDR^(c)		8,285,000		8,790,029
Bangchak Corp. PCL, NVDR		13,531,800		12,899,699
Bangkok Airways PCL, NVDR^(a)(c)		15,066,200		4,373,547
Bangkok Chain Hospital PCL, NVDR^(c)		17,950,450		10,492,841
Bangkok Commercial Asset Management PCL, NVDR		15,776,300		10,620,885
Bangkok Dusit Medical Services PCL, NVDR		81,495,500		59,252,366
Bangkok Expressway & Metro PCL, NVDR^(c)		64,498,485		17,635,279
Bangkok Land PCL, NVDR^(c)		165,587,400		5,270,418
Banpu PCL, NVDR		43,586,400		14,607,991
BCPG PCL, NVDR^(c)		12,225,325		4,686,181
Berli Jucker PCL, NVDR		10,084,000		10,369,024
BTS Group Holdings PCL, NVDR		69,482,700		20,254,236
Bumrungrad Hospital PCL, NVDR		3,817,700		17,990,155
Carabao Group PCL, NVDR^(c)		2,838,400		9,292,794
Central Pattana PCL, NVDR		17,367,900		29,534,662
Central Retail Corp. PCL, NVDR		16,360,717		19,237,731
CH Karnchang PCL, NVDR^(c)		12,976,800		8,372,194
Charoen Pokphand Foods PCL, NVDR^(c)		30,125,900		23,342,030
Chularat Hospital PCL, NVDR^(c)		72,030,000		7,722,892
CK Power PCL, NVDR^(c)		27,078,700		4,241,375
Com7 PCL, NVDR		4,363,200		11,076,569
CP ALL PCL, NVDR		49,662,600		103,755,897
Delta Electronics Thailand PCL, NVDR		2,698,100		33,781,030
Dynasty Ceramic PCL, NVDR^(c)		70,934,020		6,512,687
Eastern Polymer Group PCL, NVDR^(c)		15,353,800		4,657,073
Electricity Generating PCL, NVDR		1,932,100		10,642,727
Energy Absolute PCL, NVDR^(c)		13,299,600		38,869,930
Esso Thailand PCL, NVDR^(a)(c)		19,751,800		4,560,494
GFPT PCL, NVDR		9,826,700		3,939,702
Global Power Synergy PCL, NVDR		5,904,800		13,630,533
Gulf Energy Development PCL, NVDR		25,975,944		40,385,640
Gunkul Engineering PCL, NVDR^(c)		47,496,541		9,065,614
Hana Microelectronics PCL, NVDR^(c)		5,231,200		8,233,572
Home Product Center PCL, NVDR		52,918,375		24,780,544
Indorama Ventures PCL, NVDR^(c)		15,392,600		21,325,643
Intouch Holdings PCL, NVDR		10,751,225		25,000,336
IRPC PCL, NVDR		93,856,100		11,001,880
Jasmine International PCL, NVDR^(a)		66,500,900		7,350,634
JMT Network Services PCL, NVDR		5,156,400		10,789,456
KCE Electronics PCL, NVDR		7,379,700		13,739,336
Khon Kaen Sugar Industry PCL, NVDR^(a)(c)		26,009,886		2,705,857
Kiatnakin Phatra Bank PCL, NVDR		3,613,800		7,569,304
Krung Thai Bank PCL, NVDR		28,797,300		12,389,400
Krungthai Card PCL, NVDR^(c)		7,456,900		14,511,140
Land & Houses PCL, NVDR		62,437,400		18,387,911
Major Cineplex Group PCL, NVDR		10,004,800		6,185,064


Security	Shares		Value

Thailand (continued)
MBK PCL, NVDR^(a)(c)		11,305,200	$	4,343,727
Mega Lifesciences PCL, NVDR		5,109,700		6,730,693
Minor International PCL, NVDR^(a)		28,397,860		26,894,143
Muangthai Capital PCL, NVDR^(c)		6,500,000		10,294,984
Ngern Tid Lor PCL, NVDR^(a)		8,908,400		10,266,444
Origin Property PCL, NVDR		16,647,200		6,095,741
Osotspa PCL, NVDR		8,431,300		9,126,602
Plan B Media PCL, NVDR^(a)(c)		29,443,288		7,184,876
Precious Shipping PCL, NVDR^(c)		8,381,700		4,512,587
Prima Marine PCL, NVDR^(c)		15,262,200		2,692,270
PTG Energy PCL, NVDR^(c)		10,966,100		4,852,105
PTT Exploration & Production PCL, NVDR		11,332,501		47,712,698
PTT Global Chemical PCL, NVDR		19,593,100		31,930,226
PTT Oil & Retail Business PCL, NVDR		26,087,700		20,672,124
PTT PCL, NVDR		84,043,500		102,303,505
Quality Houses PCL, NVDR		114,371,817		8,000,311
Ratch Group PCL, NVDR		6,963,600		9,820,227
Ratchthani Leasing PCL, NVDR^(c)		33,415,825		4,477,659
Regional Container Lines PCL, NVDR^(c)		3,533,400		5,138,912
RS PCL, NVDR^(a)(c)		6,689,300		3,475,808
SCG Packaging PCL, NVDR		12,062,300		22,688,125
Siam Cement PCL (The), NVDR		6,568,100		79,044,679
Siam Commercial Bank PCL (The), NVDR		7,222,600		27,909,971
Siamgas & Petrochemicals PCL, NVDR		12,291,700		5,245,862
Singha Estate PCL, NVDR^(a)(c)		54,439,000		3,248,846
Sino-Thai Engineering & Construction PCL, NVDR^(c)		13,073,528		5,677,504
Sri Trang Agro-Industry PCL, NVDR^(c)		8,452,260		6,941,003
Sri Trang Gloves Thailand PCL, NVDR^(c)		9,110,500		7,179,660
Srisawad Corp. PCL, NVDR		6,531,549		11,595,594
Supalai PCL, NVDR		14,959,400		10,074,667
Super Energy Corp. PCL, NVDR		197,576,200		5,575,150
Thai Oil PCL, NVDR		9,291,400		15,445,816
Thai Union Group PCL, NVDR		23,547,400		14,701,361
Thai Vegetable Oil PCL, NVDR^(c)		6,147,100		6,114,177
Thanachart Capital PCL, NVDR		3,719,700		4,772,668
Thonburi Healthcare Group PCL, NVDR		7,464,400		11,365,077
Thoresen Thai Agencies PCL, NVDR^(c)		14,691,200		4,499,818
TPI Polene PCL, NVDR^(c)		72,245,500		3,834,300
True Corp. PCL, NVDR		103,201,711		15,863,880
TTW PCL, NVDR^(c)		25,244,300		8,884,757
WHA Corp. PCL, NVDR^(c)		92,549,000		9,660,249


				1,542,198,439

Turkey — 0.4%
Akbank TAS		24,808,802		12,663,100
Aksa Akrilik Kimya Sanayii AS		2,172,805		5,659,351
Anadolu Efes Biracilik Ve Malt Sanayii AS		2,164,859		3,783,543
Aselsan Elektronik Sanayi Ve Ticaret AS		5,102,040		8,198,506
Bera Holding AS^(a)(c)		3,003,403		1,771,999
BIM Birlesik Magazalar AS		3,806,071		20,102,512
Coca-Cola Icecek AS		908,671		7,154,342
Dogan Sirketler Grubu Holding AS		11,980,381		2,207,363
Emlak Konut Gayrimenkul Yatirim Ortakligi AS^(c)		32,386,031		4,656,578
Enerjisa Enerji AS^(b)		2,662,156		2,546,699
Eregli Demir ve Celik Fabrikalari TAS		12,311,543		27,647,099
Ford Otomotiv Sanayi AS		635,477		12,378,721
Gubre Fabrikalari TAS^(a)		572,508		3,147,910
Haci Omer Sabanci Holding AS		8,048,860		9,037,357
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D^(a)		8,912,604		7,553,682


Security	Shares		Value

Turkey (continued)
KOC Holding AS		6,087,169	$	13,915,791
Koza Altin Isletmeleri AS^(a)(c)		394,993		3,267,766
Koza Anadolu Metal Madencilik Isletmeleri AS^(a)(c)		2,666,680		3,780,297
Mavi Giyim Sanayi Ve Ticaret AS, Class B^(b)		396,448		1,599,799
Migros Ticaret AS^(a)(c)		1,130,372		2,940,221
MLP Saglik Hizmetleri AS^(a)(b)(c)		864,455		1,848,801
Pegasus Hava Tasimaciligi AS^(a)(c)		424,393		2,870,755
Petkim Petrokimya Holding AS^(a)(c)		13,652,428		7,644,827
Sok Marketler Ticaret AS^(c)		2,238,397		1,827,560
TAV Havalimanlari Holding AS^(a)(c)		1,945,999		4,735,554
Tekfen Holding AS^(c)		2,195,586		2,933,031
Tofas Turk Otomobil Fabrikasi AS		1,075,764		6,241,495
Turk Hava Yollari AO^(a)		5,119,981		9,477,713
Turkcell Iletisim Hizmetleri AS		9,871,705		14,636,107
Turkiye Garanti Bankasi AS		18,226,420		14,591,408
Turkiye Is Bankasi AS, Class C		14,338,835		8,302,467
Turkiye Petrol Rafinerileri AS^(a)		1,033,155		14,399,711
Turkiye Sinai Kalkinma Bankasi AS		14,377,797		1,341,916
Turkiye Sise ve Cam Fabrikalari AS		11,492,231		10,279,715
Ulker Biskuvi Sanayi AS^(c)		1,934,410		2,075,540
Yapi ve Kredi Bankasi AS^(c)		27,278,109		7,045,627


				264,264,863

United Arab Emirates — 1.2%
Abu Dhabi Commercial Bank PJSC		24,062,665		70,573,938
Abu Dhabi Islamic Bank PJSC		11,597,042		27,978,245
Abu Dhabi National Oil Co. for Distribution PJSC		21,032,051		23,613,409
Air Arabia PJSC, NVS^(a)		27,181,305		12,178,924
Al Yah Satellite Communications Co.^(a)		8,398,777		6,008,883
Aldar Properties PJSC		32,374,806		36,999,836
Amanat Holdings PJSC^(a)		22,009,016		6,856,413
Aramex PJSC		7,394,746		8,076,781
Dana Gas PJSC		42,735,787		12,353,267
Dubai Financial Market PJSC^(a)		14,962,255		9,542,844
Dubai Investments PJSC, NVS		20,657,420		12,715,040
Dubai Islamic Bank PJSC		19,801,564		32,908,592
Emaar Development PJSC^(a)		6,489,095		7,590,943
Emaar Properties PJSC		32,888,730		45,557,336
Emirates NBD Bank PJSC		22,347,175		87,177,218
Emirates Telecommunications Group Co. PJSC		29,996,621		286,480,597
First Abu Dhabi Bank PJSC		37,423,770		210,703,248


				897,315,514


Total Common Stocks — 97.8% (Cost: $58,122,444,243)				71,173,873,837


Preferred Stocks

Brazil — 1.3%
Alpargatas SA, Preference Shares, NVS		1,645,446		8,192,963
Azul SA, Preference Shares, NVS^(a)		2,479,333		11,980,798
Banco ABC Brasil SA, Preference Shares, NVS		1,302,239		3,914,534
Banco Bradesco SA, Preference Shares, NVS		40,773,260		159,721,690
Banco do Estado do Rio Grande do Sul SA, Class B, Preference Shares, NVS		2,157,286		4,168,603
Banco Pan SA, Preference Shares, NVS		2,977,721		5,746,626
Bradespar SA, Preference Shares, NVS		2,212,956		12,738,337
Braskem SA, Class A, Preference Shares, NVS		1,643,396		15,399,586
Centrais Eletricas Brasileiras SA, Class B, Preference Shares, NVS		2,138,552		14,203,757


Security	Shares		Value

Brazil (continued)
Cia. de Saneamento do Parana, Preference Shares, NVS		2,777,657	$	2,146,582
Cia. Energetica de Minas Gerais, Preference Shares, NVS		8,615,236		21,169,948
Cia. Energetica de Sao Paulo, Class B, Preference Shares, NVS		1,881,868		8,302,564
Cia. Paranaense de Energia, Preference Shares, NVS		8,357,136		11,166,748
Gerdau SA, Preference Shares, NVS		9,951,211		49,356,162
Gol Linhas Aereas Inteligentes SA, Preference Shares, NVS^(a)		1,985,072		6,486,447
Itau Unibanco Holding SA, Preference Shares, NVS		40,869,290		200,633,625
Itausa SA, Preference Shares, NVS		39,276,242		76,063,062
Marcopolo SA, Preference Shares, NVS		5,956,679		3,333,302
Metalurgica Gerdau SA, Preference Shares, NVS		7,092,458		14,254,440
Petroleo Brasileiro SA, Preference Shares, NVS		40,184,202		264,149,105
Randon SA Implementos e Participacoes, Preference Shares, NVS		2,268,702		4,630,690
Unipar Carbocloro SA, Class B, Preference Shares, NVS		555,794		10,142,320


				907,901,889

Chile — 0.1%
Embotelladora Andina SA, Class B, Preference Shares		4,341,598		9,454,289
Sociedad Quimica y Minera de Chile SA, Class B, Preference Shares		1,172,346		77,857,699


				87,311,988

Colombia — 0.1%
Bancolombia SA, Preference Shares, NVS		4,018,554		35,520,828


Russia — 0.0%
Surgutneftegas PJSC, Preference Shares, NVS^(d)		58,972,077		6,331,924


South Korea — 0.6%
Hyundai Motor Co.
Preference Shares, NVS		184,381		13,523,745
Series 2, Preference Shares, NVS		305,876		22,627,344
LG Chem Ltd., Preference Shares, NVS		66,384		15,045,898
LG Household & Health Care Ltd., Preference Shares, NVS		16,872		7,395,126
Samsung Electronics Co. Ltd., Preference Shares, NVS		7,024,500		388,226,438


				446,818,551


Total Preferred Stocks — 2.1% (Cost: $1,307,161,191)				1,483,885,180


Rights

Brazil — 0.0%
Americanas SA (Expires 03/03/22)^(a)		125,467		164,880


Security	Shares		Value

South Korea — 0.0%
BNC Korea Co. Ltd. (Expires 03/08/22)^(a)(c)		85,255	$	81,543
Samsung Biologics Co. Ltd. (Expires 04/08/22)^(a)		9,376		1,091,723
Taihan Electric Wire Co. Ltd. (Expires 03/10/22)^(a)(c)		1,284,557		325,854


				1,499,120

Thailand — 0.0%
Bangchak Corp. PCL (Expires 03/03/22)^(a)		657,271		—
Khon Kaen Sugar (Expires 03/03/22)^(a)		255,528		—


				—


Total Rights — 0.0% (Cost: $6,874,191)				1,664,000


Short-Term Investments

Money Market Funds — 4.2%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.09%^(g)(h)(i)		2,765,254,890		2,765,807,941
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.03%^(g)(h)		307,790,000		307,790,000


				3,073,597,941


Total Short-Term Investments — 4.2% (Cost: $3,073,295,234)				3,073,597,941


Total Investments in Securities — 104.1% (Cost: $62,509,774,859)				75,733,020,958

Other Assets, Less Liabilities — (4.1)%				(2,952,217,695	)


Net Assets — 100.0%			$	72,780,803,263

^(a)	Non-income producing security.

^(b)

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

^(c)

All or a portion of this security is on loan.

^(d)

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(e)

This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^(f)

Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $1,976,583, representing less than 0.05% of its net assets as of period end, and an original cost of $35,983,750.

^(g)

Affiliate of the Fund.

^(h)

Annualized 7-day yield as of period end.

⁽ⁱ⁾

All or a portion of this security was purchased with the cash collateral from loaned securities.

Investments in issuers considered to be affiliate(s) of the Fund during the six months ended February 28, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

As of period end, the fair values of derivative financial instruments located in the Consolidated Statements of Assets and Liabilities were as follows:

For the period ended February 28, 2022, the effect of derivative financial instruments in the Consolidated Statements of Operations was as follows:

For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Consolidated Financial Statements.

Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to Consolidated Financial Statements.

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


Security	Shares		Value

Common Stocks

Brazil — 7.5%
Ambev SA		153,558	$	450,656
Americanas SA		19,608		114,906
Atacadao SA		20,520		75,640
B3 SA - Brasil, Bolsa, Balcao		176,301		496,003
Banco Bradesco SA		45,315		148,626
Banco BTG Pactual SA		38,648		192,014
Banco do Brasil SA		20,805		140,664
Banco Inter SA		14,706		57,023
Banco Santander Brasil SA		8,493		50,340
BB Seguridade Participacoes SA		22,230		98,024
BRF SA^(a)		19,722		62,194
CCR SA		22,458		51,093
Centrais Eletricas Brasileiras SA		13,395		90,400
Cia. de Saneamento Basico do Estado de Sao Paulo		9,975		80,042
Cia. Siderurgica Nacional SA		22,800		112,216
Cosan SA		34,770		142,549
Energisa SA		5,187		44,259
Engie Brasil Energia SA		9,483		73,466
Equatorial Energia SA		31,749		157,008
Hapvida Participacoes e Investimentos SA^(b)		123,156		288,283
Hypera SA		13,395		86,893
JBS SA		28,614		200,435
Klabin SA		20,292		91,144
Localiza Rent a Car SA		18,468		205,592
Lojas Renner SA		32,170		159,011
Magazine Luiza SA		97,413		112,385
Natura & Co. Holding SA^(a)		30,096		134,302
Petro Rio SA^(a)		10,431		53,012
Petroleo Brasileiro SA		118,389		841,795
Raia Drogasil SA		32,205		145,797
Rede D’Or Sao Luiz SA^(b)		11,685		115,109
Rumo SA^(a)		35,910		107,582
Suzano SA		25,266		272,341
Telefonica Brasil SA		13,509		132,478
TIM SA		34,327		91,052
TOTVS SA		16,929		108,451
Ultrapar Participacoes SA		28,956		81,434
Vale SA		127,509		2,365,761
Vibra Energia SA		37,341		170,085
WEG SA		53,010		300,343


				8,700,408

China — 63.8%
360 DigiTech Inc., ADR		2,166		40,613
360 Security Technology Inc., Class A^(a)		28,531		47,491
3SBio Inc.^(a)(b)		28,500		22,651
51job Inc., ADR^(a)		1,026		53,147
AAC Technologies Holdings Inc.		29,500		80,659
Advanced Micro-Fabrication Equipment Inc., Class A^(a)		2,300		46,924
AECC Aviation Power Co. Ltd., Class A		5,700		45,766
Agricultural Bank of China Ltd., Class A		136,800		64,629
Agricultural Bank of China Ltd., Class H		684,000		259,044
Aier Eye Hospital Group Co. Ltd., Class A		12,491		72,224
Air China Ltd., Class A^(a)		11,400		17,854
Air China Ltd., Class H^(a)		114,000		87,675
Akeso Inc.^(a)(b)		11,000		29,048
Alibaba Group Holding Ltd.^(a)		473,120		6,228,092
Alibaba Health Information Technology Ltd.^(a)(c)		148,000		103,634
A-Living Smart City Services Co. Ltd., Class A^(b)		14,250		25,543


Security	Shares		Value

China (continued)
Aluminum Corp. of China Ltd., Class A^(a)		34,200	$	35,386
Aluminum Corp. of China Ltd., Class H^(a)		114,000		80,578
Anhui Conch Cement Co. Ltd., Class A		5,700		36,490
Anhui Conch Cement Co. Ltd., Class H		28,500		152,946
Anhui Gujing Distillery Co. Ltd., Class B		4,300		62,883
ANTA Sports Products Ltd.^(c)		35,440		541,282
Autohome Inc., ADR		2,223		68,002
AVIC Electromechanical Systems Co. Ltd., Class A		11,400		22,558
AVIC Industry-Finance Holdings Co. Ltd., Class A		51,399		31,744
AviChina Industry & Technology Co. Ltd., Class H		86,000		53,392
Baidu Inc., ADR^(a)		8,607		1,312,051
Bank of Beijing Co. Ltd., Class A		63,990		45,761
Bank of Chengdu Co. Ltd., Class A		11,400		26,071
Bank of China Ltd., Class A		68,400		33,592
Bank of China Ltd., Class H		2,394,000		931,988
Bank of Communications Co. Ltd., Class A		102,600		77,778
Bank of Communications Co. Ltd., Class H		228,200		156,438
Bank of Hangzhou Co. Ltd., Class A		22,899		52,049
Bank of Jiangsu Co. Ltd., Class A		39,960		42,183
Bank of Nanjing Co. Ltd., Class A		28,500		44,129
Bank of Ningbo Co. Ltd., Class A		12,310		74,433
Bank of Shanghai Co. Ltd., Class A		45,690		50,641
Baoshan Iron & Steel Co. Ltd., Class A		39,900		45,732
BBMG Corp., Class A		22,800		10,427
BeiGene Ltd., ADR^(a)		1,482		311,991
Beijing Capital International Airport Co. Ltd., Class H^(a)		114,000		73,018
Beijing Dabeinong Technology Group Co. Ltd., Class A		17,100		22,494
Beijing Enlight Media Co. Ltd., Class A		11,400		17,081
Beijing Enterprises Holdings Ltd.		28,500		97,427
Beijing Enterprises Water Group Ltd.		228,000		90,079
Beijing Kingsoft Office Software Inc., Class A		378		12,824
Beijing New Building Materials PLC, Class A		5,700		27,035
Beijing Originwater Technology Co. Ltd., Class A		28,500		30,224
Beijing Roborock Technology Co. Ltd., Class A		358		35,926
Beijing Sinnet Technology Co. Ltd., Class A		11,400		27,153
Beijing-Shanghai High Speed Railway Co. Ltd., Class A		79,800		65,378
Bilibili Inc., ADR^(a)(c)		4,845		153,150
BOC Aviation Ltd.^(b)		5,700		49,550
BOE Technology Group Co. Ltd., Class A		114,000		85,083
Bosideng International Holdings Ltd.		114,000		64,862
BYD Co. Ltd., Class A		3,900		156,826
BYD Co. Ltd., Class H		25,500		790,177
BYD Electronic International Co. Ltd.		29,500		83,243
Caitong Securities Co. Ltd., Class A		11,400		16,976
CanSino Biologics Inc., Class H^(a)(b)		2,600		46,991
CGN Power Co. Ltd., Class H^(b)		342,000		96,961
Changchun High & New Technology Industry Group Inc., Class A		810		23,504
Changjiang Securities Co. Ltd., Class A		28,500		31,257
Chaozhou Three-Circle Group Co. Ltd., Class A		5,700		31,568
China Baoan Group Co. Ltd., Class A		17,100		37,501
China Bohai Bank Co. Ltd., Class H^(b)		116,500		19,380
China Cinda Asset Management Co. Ltd., Class H		171,000		30,868
China CITIC Bank Corp. Ltd., Class H		228,000		107,140
China Communications Services Corp. Ltd., Class H		54,800		30,064
China Conch Venture Holdings Ltd.		57,000		274,298
China Construction Bank Corp., Class A		17,100		16,360
China Construction Bank Corp., Class H		2,907,370		2,180,424
China CSSC Holdings Ltd., Class A		5,700		19,816
China Eastern Airlines Corp. Ltd., Class A^(a)		28,500		24,405


Security	Shares		Value

China (continued)
China Education Group Holdings Ltd.		31,000	$	26,558
China Energy Engineering Corp. Ltd.^(a)		102,600		43,854
China Everbright Bank Co. Ltd., Class A		91,200		48,329
China Everbright Environment Group Ltd.		114,000		81,849
China Evergrande Group		114,000		23,332
China Feihe Ltd.^(b)		116,000		138,418
China Galaxy Securities Co. Ltd., Class H		114,000		65,252
China Gas Holdings Ltd.		92,400		146,026
China Greatwall Technology Group Co. Ltd., Class A		11,400		24,117
China Hongqiao Group Ltd.		85,500		119,701
China Huishan Dairy Holdings Co. Ltd.^(a)(d)		51,450		—
China International Capital Corp. Ltd., Class H^(b)		45,600		110,941
China Jinmao Holdings Group Ltd.		172,000		57,197
China Jushi Co. Ltd., Class A		11,473		31,148
China Lesso Group Holdings Ltd.		57,000		87,756
China Life Insurance Co. Ltd., Class A		5,493		25,085
China Life Insurance Co. Ltd., Class H		228,000		377,712
China Literature Ltd.^(a)(b)		11,400		61,870
China Longyuan Power Group Corp. Ltd., Class H		128,000		264,139
China Medical System Holdings Ltd.		57,000		101,497
China Mengniu Dairy Co. Ltd.		106,000		689,256
China Merchants Bank Co. Ltd., Class A		38,300		302,751
China Merchants Bank Co. Ltd., Class H		129,456		1,091,224
China Merchants Port Holdings Co. Ltd.		48,000		90,499
China Merchants Securities Co. Ltd., Class A		17,150		43,152
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A		12,581		26,987
China Minsheng Banking Corp. Ltd., Class A		57,000		35,325
China Minsheng Banking Corp. Ltd., Class H		171,000		66,604
China Molybdenum Co. Ltd., Class A		28,500		27,340
China Molybdenum Co. Ltd., Class H		108,000		65,006
China National Building Material Co. Ltd., Class H		150,000		192,424
China National Chemical Engineering Co. Ltd., Class A		11,400		18,916
China National Nuclear Power Co. Ltd., Class A		34,200		40,231
China Northern Rare Earth Group High-Tech Co. Ltd., Class A		5,700		44,836
China Oilfield Services Ltd., Class H		68,000		77,520
China Overseas Land & Investment Ltd.		114,300		348,977
China Pacific Insurance Group Co. Ltd., Class A		17,100		71,916
China Pacific Insurance Group Co. Ltd., Class H		79,800		222,209
China Petroleum & Chemical Corp., Class A		57,000		39,370
China Petroleum & Chemical Corp., Class H		798,600		397,293
China Power International Development Ltd.		171,000		96,929
China Railway Group Ltd., Class A		39,900		39,366
China Railway Group Ltd., Class H		114,000		66,936
China Renewable Energy Investment Ltd.^(d)		7,709		—
China Resources Beer Holdings Co. Ltd.		38,000		301,317
China Resources Cement Holdings Ltd.		116,000		99,260
China Resources Gas Group Ltd.		15,000		68,895
China Resources Land Ltd.		114,444		556,690
China Resources Mixc Lifestyle Services Ltd.^(b)		12,000		61,724
China Resources Power Holdings Co. Ltd.		74,200		165,731
China Ruyi Holdings Ltd.^(a)(c)		108,000		32,143
China Shenhua Energy Co. Ltd., Class A		17,100		68,464
China Shenhua Energy Co. Ltd., Class H		114,000		314,182
China Southern Airlines Co. Ltd., Class A^(a)		45,600		50,068
China State Construction Engineering Corp. Ltd., Class A		102,600		82,885
China State Construction International Holdings Ltd.		18,000		25,350
China Suntien Green Energy Corp. Ltd., Class H		57,000		37,969


Security	Shares		Value

China (continued)
China Taiping Insurance Holdings Co. Ltd.		57,040	$	67,513
China Three Gorges Renewables Group Co. Ltd.		68,400		77,206
China Tourism Group Duty Free Corp. Ltd., Class A		4,000		129,196
China Tower Corp. Ltd., Class H^(b)		1,026,000		119,584
China Traditional Chinese Medicine Holdings Co. Ltd.		114,000		64,987
China United Network Communications Ltd., Class A		57,000		34,534
China Vanke Co. Ltd., Class A		17,138		52,163
China Vanke Co. Ltd., Class H		51,301		121,849
China Yangtze Power Co. Ltd., Class A		39,956		147,003
China Zheshang Bank Co. Ltd., Class A		28,500		15,487
Chinasoft International Ltd.		114,000		104,014
Chindata Group Holdings Ltd., ADR^(a)(c)		1,653		9,075
Chongqing Changan Automobile Co. Ltd., Class A		11,440		23,654
Chongqing Zhifei Biological Products Co. Ltd., Class A		4,300		88,004
CIFI Ever Sunshine Services Group Ltd.		28,000		50,920
CIFI Holdings Group Co. Ltd.		119,700		83,396
CITIC Ltd.		191,000		222,883
CITIC Securities Co. Ltd., Class A		32,775		121,468
CITIC Securities Co. Ltd., Class H		65,550		158,808
Contemporary Amperex Technology Co. Ltd., Class A		5,700		488,258
COSCO SHIPPING Holdings Co. Ltd., Class A^(a)		22,770		63,933
COSCO SHIPPING Holdings Co. Ltd., Class H^(a)		113,849		230,114
COSCO SHIPPING Ports Ltd.		114,000		93,944
Country Garden Holdings Co. Ltd.		234,046		181,838
Country Garden Services Holdings Co. Ltd.		57,000		340,972
CRRC Corp. Ltd., Class A		45,600		41,915
CRRC Corp. Ltd., Class H		114,000		50,665
CSC Financial Co. Ltd., Class A		11,400		46,675
CSPC Pharmaceutical Group Ltd.		304,160		360,540
Dada Nexus Ltd., ADR^(a)		2,280		18,947
Dali Foods Group Co. Ltd.^(b)		57,000		30,021
Daqo New Energy Corp., ADR^(a)		1,938		92,946
DHC Software Co. Ltd., Class A		28,500		37,365
DiDi Global Inc., ADR^(a)		7,467		30,615
Dongfang Electric Corp. Ltd., Class A		11,400		29,548
Dongfeng Motor Group Co. Ltd., Class H		114,000		98,123
Dongxing Securities Co. Ltd., Class A		11,499		18,814
Dongyue Group Ltd.		57,000		82,692
East Money Information Co. Ltd., Class A		22,812		97,231
ENN Energy Holdings Ltd.		23,500		340,336
ENN Natural Gas Co. Ltd., Class A		11,400		32,381
Eve Energy Co. Ltd., Class A		2,700		38,747
Everbright Securities Co. Ltd., Class A		11,497		24,279
Fangda Carbon New Material Co. Ltd., Class A		11,440		18,757
Far East Horizon Ltd.		61,000		51,987
Fiberhome Telecommunication Technologies Co. Ltd., Class A		5,700		15,577
First Capital Securities Co. Ltd., Class A		11,400		11,530
Flat Glass Group Co. Ltd., Class A		3,600		28,184
Focus Media Information Technology Co. Ltd., Class A		39,939		48,593
Foshan Haitian Flavouring & Food Co. Ltd., Class A		5,774		91,000
Fosun International Ltd.		57,000		61,845
Founder Securities Co. Ltd., Class A		34,299		39,152
Foxconn Industrial Internet Co. Ltd., Class A		22,800		40,410
Fujian Sunner Development Co. Ltd., Class A		5,700		17,846
Fuyao Glass Industry Group Co. Ltd., Class A		5,700		40,005
Fuyao Glass Industry Group Co. Ltd., Class H^(b)		23,600		115,784
Ganfeng Lithium Co. Ltd., Class H^(b)		11,400		193,483
GD Power Development Co. Ltd., Class A		34,200		15,346
GDS Holdings Ltd., ADR^(a)		2,679		119,269


Security	Shares		Value

China (continued)
Geely Automobile Holdings Ltd.		171,000	$	318,512
GEM Co. Ltd., Class A		17,199		26,275
Gemdale Corp., Class A		11,400		22,938
Genscript Biotech Corp.^(a)		42,000		166,531
GF Securities Co. Ltd., Class A		17,100		50,647
GF Securities Co. Ltd., Class H		22,800		34,229
GoerTek Inc., Class A		5,700		39,908
GOME Retail Holdings Ltd.^(a)		405,400		30,168
Great Wall Motor Co. Ltd., Class A		5,700		33,290
Great Wall Motor Co. Ltd., Class H		85,500		180,003
Gree Electric Appliances Inc. of Zhuhai, Class A		5,700		33,180
Greenland Holdings Corp. Ltd., Class A		78		53
Greentown China Holdings Ltd.		28,500		42,743
Greentown Service Group Co. Ltd.		56,000		56,253
Guangdong Haid Group Co. Ltd., Class A		5,700		59,670
Guangdong Investment Ltd.		114,000		153,409
Guanghui Energy Co. Ltd., Class A^(a)		11,400		12,986
Guangzhou Automobile Group Co. Ltd., Class H		114,235		113,099
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A		5,700		26,881
Guangzhou R&F Properties Co. Ltd., Class H^(c)		45,600		19,412
Guosen Securities Co. Ltd., Class A		22,800		37,508
Guotai Junan Securities Co. Ltd., Class A		22,800		60,563
Guoyuan Securities Co. Ltd., Class A		16,920		19,025
Haidilao International Holding Ltd.^(b)(c)		30,000		69,080
Haier Smart Home Co. Ltd., Class A		17,179		69,644
Haier Smart Home Co. Ltd., Class H		68,400		239,679
Haitian International Holdings Ltd.		28,000		74,600
Haitong Securities Co. Ltd., Class A		28,500		50,884
Haitong Securities Co. Ltd., Class H		45,600		39,238
Hangzhou Tigermed Consulting Co. Ltd., Class A		100		1,622
Hangzhou Tigermed Consulting Co. Ltd., Class H^(b)		5,700		64,131
Hansoh Pharmaceutical Group Co. Ltd.^(b)		50,000		106,735
Hello Group Inc., ADR		4,788		45,630
Henan Shuanghui Investment & Development Co. Ltd., Class A		11,400		52,171
Hengan International Group Co. Ltd.		28,500		151,143
Hengli Petrochemical Co. Ltd., Class A		17,100		68,018
Hengyi Petrochemical Co. Ltd., Class A		13,530		21,575
Hesteel Co. Ltd., Class A		28,500		11,620
Hopson Development Holdings Ltd.		24,690		50,826
Huadian Power International Corp. Ltd., Class A		17,100		11,688
Huadong Medicine Co. Ltd., Class A		5,700		34,389
Hualan Biological Engineering Inc., Class A		2,250		9,187
Huaneng Power International Inc., Class A		17,100		23,936
Huaneng Power International Inc., Class H		114,000		66,920
Huatai Securities Co. Ltd., Class A		22,800		57,465
Huatai Securities Co. Ltd., Class H^(b)		22,800		37,331
Huaxia Bank Co. Ltd., Class A		45,600		40,704
Huaxin Cement Co. Ltd., Class A		5,700		18,546
Huayu Automotive Systems Co. Ltd., Class A		11,499		46,384
Huazhu Group Ltd., ADR^(a)		5,871		242,825
Hunan Valin Steel Co. Ltd., Class A		17,100		15,825
Hundsun Technologies Inc., Class A		5,700		47,372
Hutchmed China Ltd, ADR^(a)(c)		2,622		71,450
Hygeia Healthcare Holdings Co. Ltd.^(b)		11,400		62,237
Iflytek Co. Ltd., Class A		5,729		44,768
I-Mab, ADR^(a)		1,311		32,408
Industrial & Commercial Bank of China Ltd., Class A		114,000		84,219
Industrial & Commercial Bank of China Ltd., Class H		1,653,050		986,797


Security	Shares		Value

China (continued)
Industrial Bank Co. Ltd., Class A		39,900	$	139,785
Industrial Securities Co. Ltd., Class A		17,100		22,242
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A^(a)		91,200		38,926
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A		17,100		13,460
Inner Mongolia Yili Industrial Group Co. Ltd., Class A		11,400		71,505
Innovent Biologics Inc.^(a)(b)		28,500		128,620
Inspur Electronic Information Industry Co. Ltd., Class A		8,383		43,835
iQIYI Inc., ADR^(a)(c)		8,855		36,660
JA Solar Technology Co. Ltd., Class A		5,700		86,356
JD Health International Inc.^(a)(b)		11,400		85,086
JDcom Inc, Class A^(a)		62,584		2,235,464
Jiangsu Eastern Shenghong Co. Ltd., Class A		5,700		17,298
Jiangsu Expressway Co. Ltd., Class H		38,000		40,658
Jiangsu Hengrui Medicine Co. Ltd., Class A		13,968		88,955
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A		2,900		76,064
Jiangsu Zhongtian Technology Co. Ltd., Class A		5,700		16,942
Jiangxi Copper Co. Ltd., Class H		36,000		64,800
Jiangxi Zhengbang Technology Co. Ltd., Class A		11,400		12,482
Jinke Properties Group Co. Ltd., Class A		5,700		4,061
Jinmao Property Services Co. Ltd.		2,598		660
Jinxin Fertility Group Ltd.^(a)(b)		57,000		66,649
Jiumaojiu International Holdings Ltd.^(b)		28,000		62,902
JOYY Inc., ADR		1,539		71,240
Kanzhun Ltd.^(a)(c)		1,995		64,439
KE Holdings Inc., ADR^(a)		10,431		202,466
Kingboard Holdings Ltd.		28,500		133,327
Kingboard Laminates Holdings Ltd.		28,500		47,491
Kingdee International Software Group Co. Ltd.^(a)(c)		89,000		219,976
Kingsoft Cloud Holdings Ltd., ADR^(a)		1,254		8,452
Kingsoft Corp. Ltd.		31,600		118,178
Kuaishou Technology^(a)(b)		17,100		197,888
Kunlun Energy Co. Ltd.		114,000		112,140
Kweichow Moutai Co. Ltd., Class A		2,400		682,534
KWG Group Holdings Ltd.		28,500		13,344
LB Group Co. Ltd., Class A		5,700		24,077
Lee & Man Paper Manufacturing Ltd.		57,000		36,643
Legend Biotech Corp., ADR^(a)		1,254		49,646
Lenovo Group Ltd.^(c)		228,000		253,894
Lens Technology Co. Ltd., Class A		17,100		39,558
Lepu Medical Technology Beijing Co. Ltd., Class A		5,700		19,468
Li Auto Inc., ADR^(a)		17,556		534,580
Li Ning Co. Ltd.		71,000		709,159
Lingyi iTech Guangdong Co., Class A^(a)		45,600		43,521
Longfor Group Holdings Ltd.^(b)		57,000		304,809
LONGi Green Energy Technology Co. Ltd., Class A		11,820		147,129
Lufax Holding Ltd., ADR^(a)		6,669		43,148
Luxshare Precision Industry Co. Ltd., Class A		17,602		122,071
Luzhou Laojiao Co. Ltd., Class A		2,800		96,707
Mango Excellent Media Co. Ltd., Class A		5,700		31,059
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A^(a)		22,853		26,053
Meituan, Class B^(a)(b)		125,400		2,785,781
Metallurgical Corp. of China Ltd., Class A		34,200		22,181
Microport Scientific Corp.		22,800		63,420
Ming Yuan Cloud Group Holdings Ltd.		15,000		29,605
Minth Group Ltd.		32,000		115,706
Muyuan Foods Co. Ltd., Class A		11,178		101,710
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd., Class A		2,535		13,982


Security	Shares		Value

China (continued)
Nanjing Securities Co. Ltd., Class A		11,400	$	16,043
NARI Technology Co. Ltd., Class A		13,920		78,567
National Silicon Industry Group Co. Ltd., Class A^(a)		12,177		47,327
NavInfo Co. Ltd., Class A^(a)		5,708		15,541
NetEase Inc.		65,375		1,264,463
New China Life Insurance Co. Ltd., Class A		5,700		34,488
New China Life Insurance Co. Ltd., Class H		11,400		32,625
New Hope Liuhe Co. Ltd., Class A^(a)		11,400		27,888
New Oriental Education & Technology Group Inc., ADR^(a)		46,630		70,411
Nine Dragons Paper Holdings Ltd.		57,000		54,604
Ningxia Baofeng Energy Group Co. Ltd., Class A		11,400		31,754
NIO Inc., ADR^(a)		40,584		926,939
Noah Holdings Ltd., ADR^(a)		798		22,631
Nongfu Spring Co. Ltd., Class H^(b)		57,000		357,476
Offshore Oil Engineering Co. Ltd., Class A		5,724		4,482
OFILM Group Co. Ltd., Class A^(a)		17,100		21,748
Orient Securities Co. Ltd., Class A		17,100		33,448
Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A^(a)		28,500		19,083
People’s Insurance Co. Group of China Ltd. (The), Class A		28,500		20,952
People’s Insurance Co. Group of China Ltd. (The), Class H		114,000		36,661
Perfect World Co. Ltd., Class A		8,950		18,796
PetroChina Co. Ltd., Class A		28,500		26,276
PetroChina Co. Ltd., Class H		570,000		305,307
Pharmaron Beijing Co. Ltd., Class H^(b)		5,700		69,107
PICC Property & Casualty Co. Ltd., Class H		228,322		241,014
Pinduoduo Inc., ADR^(a)		13,566		703,533
Ping An Bank Co. Ltd., Class A		34,200		85,580
Ping An Healthcare and Technology Co. Ltd.^(a)(b)(c)		17,700		54,851
Ping An Insurance Group Co. of China Ltd., Class A		22,800		183,793
Ping An Insurance Group Co. of China Ltd., Class H		200,000		1,550,733
Poly Developments and Holdings Group Co. Ltd., Class A		17,100		42,826
Postal Savings Bank of China Co. Ltd., Class A		51,300		45,445
Postal Savings Bank of China Co. Ltd., Class H^(b)		228,000		187,207
Power Construction Corp. of China Ltd., Class A		34,200		41,758
RiseSun Real Estate Development Co. Ltd., Class A		5,700		3,560
RLX Technology Inc., ADR^(a)(c)		19,608		60,393
Rongsheng Petrochemical Co. Ltd., Class A		18,850		56,648
SAIC Motor Corp. Ltd., Class A		17,100		49,309
Sany Heavy Equipment International Holdings Co. Ltd.		57,000		59,109
Sany Heavy Industry Co. Ltd., Class A		17,153		53,600
SDIC Capital Co. Ltd., Class A		17,104		20,125
SDIC Power Holdings Co. Ltd., Class A		22,899		36,323
Sealand Securities Co. Ltd., Class A		45,700		28,401
SF Holding Co. Ltd., Class A		11,400		109,377
Shaanxi Coal Industry Co. Ltd., Class A		22,805		51,522
Shandong Gold Mining Co. Ltd., Class A		8,180		26,701
Shandong Gold Mining Co. Ltd., Class H^(b)		28,500		53,517
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A		7,740		43,481
Shandong Nanshan Aluminum Co. Ltd., Class A		34,200		26,525
Shandong Weigao Group Medical Polymer Co. Ltd., Class H		68,400		94,446
Shanghai Baosight Software Co. Ltd., Class A		90		770
Shanghai Baosight Software Co. Ltd., Class B		11,400		49,232
Shanghai Construction Group Co. Ltd., Class A		17,100		8,867
Shanghai Electric Group Co. Ltd., Class A		57,000		39,893
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A		5,700		38,432


Security	Shares		Value

China (continued)
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H		23,000	$	92,219
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class B		34,276		30,540
Shanghai Pharmaceuticals Holding Co. Ltd., Class A		11,400		33,859
Shanghai Pharmaceuticals Holding Co. Ltd., Class H		28,500		51,444
Shanghai Pudong Development Bank Co. Ltd., Class A		62,700		83,459
Shanghai RAAS Blood Products Co. Ltd., Class A		33,900		35,903
Shanghai Yuyuan Tourist Mart Group Co. Ltd., Class A		11,400		18,952
Shanxi Coking Coal Energy Group Co. Ltd., Class A		15,300		25,752
Shanxi Lu’an Environmental Energy Development Co. Ltd., Class A		52		115
Shanxi Meijin Energy Co. Ltd., Class A^(a)		11,400		26,058
Shanxi Securities Co. Ltd., Class A		16,860		15,811
Shanxi Taigang Stainless Steel Co. Ltd., Class A		17,100		19,862
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A		2,360		109,841
Shenghe Resources Holding Co. Ltd., Class A		5,700		17,816
Shengyi Technology Co. Ltd., Class A		5,700		17,626
Shenwan Hongyuan Group Co. Ltd., Class A		51,394		37,424
Shenzhen Energy Group Co. Ltd., Class A		12,820		14,724
Shenzhen Inovance Technology Co. Ltd., Class A		5,797		59,001
Shenzhen International Holdings Ltd.		28,500		29,366
Shenzhen Kaifa Technology Co. Ltd., Class A		5,700		12,350
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A		3,100		161,202
Shenzhen Overseas Chinese Town Co. Ltd., Class A		39,900		43,651
Shenzhen Transsion Holding Co. Ltd., Class A		1,254		26,883
Shenzhou International Group Holdings Ltd.		22,800		382,963
Shimao Group Holdings Ltd.^(c)		28,500		17,103
Sichuan Chuantou Energy Co. Ltd., Class A		5,705		10,884
Sichuan Kelun Pharmaceutical Co. Ltd., Class A		11,400		31,418
Sichuan Road & Bridge Co. Ltd., Class A		5,620		11,137
Sino Biopharmaceutical Ltd.		302,000		192,786
Sinolink Securities Co. Ltd., Class A		5,700		9,184
Sinopec Shanghai Petrochemical Co. Ltd., Class A		22,800		14,749
Sinopharm Group Co. Ltd., Class H		45,600		110,543
Sinotruk Hong Kong Ltd.		28,500		42,541
Smoore International Holdings Ltd.^(b)		57,000		211,587
Songcheng Performance Development Co. Ltd., Class A		11,380		27,924
SooChow Securities Co. Ltd., Class A		22,152		27,639
Southwest Securities Co. Ltd., Class A		34,200		25,543
Sun Art Retail Group Ltd.^(c)		57,000		20,565
Sunac China Holdings Ltd.		114,000		93,184
Sunac Services Holdings Ltd.^(a)(b)		24,000		20,512
Sungrow Power Supply Co. Ltd., Class A		5,700		110,375
Suningcom Co Ltd, Class A^(a)		22,800		13,006
Sunny Optical Technology Group Co. Ltd.		22,900		548,774
Sunwoda Electronic Co. Ltd., Class A		5,700		33,435
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A		5,700		20,144
TAL Education Group, ADR^(a)		10,431		29,624
TBEA Co. Ltd., Class A		5,700		18,367
TCL Technology Group Corp., Class A		51,300		45,339
Tencent Holdings Ltd.		176,700		9,534,964
Tencent Music Entertainment Group, ADR^(a)		18,924		102,000
Tianjin Zhonghuan Semiconductor Co. Ltd., Class A		11,400		87,283
Tianma Microelectronics Co. Ltd., Class A		5,700		10,592
Tianshui Huatian Technology Co. Ltd., Class A		22,800		43,455
Tingyi Cayman Islands Holding Corp.		64,000		141,594
Tongcheng Travel Holdings Ltd.^(a)		45,600		84,928


Security	Shares		Value

China (continued)
TongFu Microelectronics Co. Ltd., Class A		11,400	$	32,980
Tongling Nonferrous Metals Group Co. Ltd., Class A		34,200		21,678
Tongwei Co. Ltd., Class A		11,495		78,835
Topsports International Holdings Ltd.^(b)		57,000		59,253
Transfar Zhilian Co. Ltd., Class A		17,100		20,935
TravelSky Technology Ltd., Class H		30,000		56,510
Trina Solar Co. Ltd.		4,902		59,979
Trip.com Group Ltd., ADR^(a)		15,732		406,200
Tsingtao Brewery Co. Ltd., Class H		16,000		153,933
Uni-President China Holdings Ltd.		57,000		59,273
Unisplendour Corp. Ltd., Class A		8,180		28,515
Venus MedTech Hangzhou Inc., Class H^(a)(b)		8,500		23,632
Vipshop Holdings Ltd., ADR^(a)		13,395		116,135
Walvax Biotechnology Co. Ltd., Class A		5,700		42,482
Wanhua Chemical Group Co. Ltd., Class A		6,400		96,899
Want Want China Holdings Ltd.		114,000		121,356
Weibo Corp., ADR^(a)(c)		1,653		45,342
Weichai Power Co. Ltd., Class A		13,400		32,422
Weichai Power Co. Ltd., Class H		57,100		96,621
Weimob Inc.^(a)(b)		57,000		37,697
Wens Foodstuffs Group Co. Ltd., Class A^(a)		14,240		44,036
Western Securities Co. Ltd., Class A		34,200		41,287
Wharf Holdings Ltd. (The)		57,000		206,225
Will Semiconductor Co. Ltd. Shanghai, Class A		2,500		98,107
Wingtech Technology Co. Ltd., Class A		3,000		55,907
Winning Health Technology Group Co. Ltd., Class A		5,750		10,452
Wuhan Guide Infrared Co. Ltd., Class A		5,700		20,272
Wuhu Sanqi Interactive Entertainment Network Technology Group Co. Ltd., Class A		5,700		18,929
Wuliangye Yibin Co. Ltd., Class A		8,200		248,224
WUS Printed Circuit Kunshan Co. Ltd., Class A		17,160		45,880
WuXi AppTec Co. Ltd., Class A		5,728		94,811
WuXi AppTec Co. Ltd., Class H^(b)		11,487		163,511
Wuxi Biologics Cayman Inc., New^(a)(b)		115,000		951,213
XCMG Construction Machinery Co. Ltd., Class A		39,400		34,641
Xiamen C & D Inc., Class A		5,700		9,034
Xiaomi Corp., Class B^(a)(b)		444,600		836,834
Xinjiang Goldwind Science & Technology Co. Ltd., Class A		11,453		27,338
Xinjiang Goldwind Science & Technology Co. Ltd., Class H		23,434		38,342
Xinyi Solar Holdings Ltd.		156,000		283,353
XPeng Inc., ADR^(a)		12,141		441,568
Yadea Group Holdings Ltd.^(b)		52,000		77,144
Yankuang Energy Group Co Ltd, Class H^(c)		58,000		142,206
Yankuang Energy Group Co. Ltd., Class A		5,700		28,605
Yihai International Holding Ltd.^(c)		19,000		79,498
Yihai Kerry Arawana Holdings Co. Ltd., Class A		5,700		48,491
Yonghui Superstores Co. Ltd., Class A		22,893		13,259
Yonyou Network Technology Co. Ltd., Class A		10,230		51,052
Youngor Group Co. Ltd., Class A		5,700		6,122
Yuexiu Property Co. Ltd.		50,400		50,414
Yum China Holdings Inc.		13,395		696,808
Yunda Holding Co. Ltd., Class A		7,830		24,117
Yunnan Baiyao Group Co. Ltd., Class A		5,720		81,723
Yunnan Energy New Material Co. Ltd., Class A		1,700		69,972
Zai Lab Ltd., ADR^(a)(c)		2,394		130,952
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A		1,400		80,596
Zhejiang Century Huatong Group Co. Ltd., Class A^(a)		11,400		11,820


Security	Shares		Value

China (continued)
Zhejiang Chint Electrics Co. Ltd., Class A		5,700	$	45,431
Zhejiang Dahua Technology Co. Ltd., Class A		11,400		33,947
Zhejiang Juhua Co. Ltd., Class A		5,700		13,270
Zhejiang Longsheng Group Co. Ltd., Class A		22,800		44,571
Zhejiang NHU Co. Ltd., Class A		8,536		46,007
Zhejiang Sanhua Intelligent Controls Co. Ltd., Class A		13,530		43,289
Zheshang Securities Co. Ltd., Class A		11,400		20,919
ZhongAn Online P&C Insurance Co. Ltd., Class H^(a)(b)(c)		17,100		56,284
Zhongsheng Group Holdings Ltd.		28,500		199,013
Zhongtai Securities Co. Ltd.		11,400		15,526
Zhuzhou CRRC Times Electric Co. Ltd.		17,100		89,134
Zijin Mining Group Co. Ltd., Class A		39,900		71,407
Zijin Mining Group Co. Ltd., Class H		177,000		262,700
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class A		28,600		32,038
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H		45,600		30,333
ZTE Corp., Class A		5,700		26,378
ZTE Corp., Class H		22,848		56,287
ZTO Express Cayman Inc., ADR		13,110		385,958


				74,035,121

India — 24.8%
ACC Ltd.		2,451		68,268
Adani Enterprises Ltd.		8,226		180,896
Adani Green Energy Ltd.^(a)		12,084		297,352
Adani Ports & Special Economic Zone Ltd.		15,561		147,140
Adani Total Gas Ltd.		7,980		168,237
Adani Transmission Ltd.^(a)		8,037		229,028
Ambuja Cements Ltd.		22,290		93,420
Apollo Hospitals Enterprise Ltd.		2,508		160,524
Asian Paints Ltd.		12,654		534,772
Aurobindo Pharma Ltd.		5,757		47,924
Avenue Supermarts Ltd.^(a)(b)		5,130		296,793
Axis Bank Ltd.^(a)		69,369		688,220
Bajaj Auto Ltd.		1,995		93,880
Bajaj Finance Ltd.		8,664		811,169
Bajaj Finserv Ltd.		1,254		268,843
Balkrishna Industries Ltd.		2,907		70,689
Bandhan Bank Ltd.^(b)		25,251		103,285
Berger Paints India Ltd.		7,524		69,103
Bharat Electronics Ltd.		39,403		110,734
Bharat Forge Ltd.		7,439		67,388
Bharat Petroleum Corp. Ltd.		20,349		94,917
Bharti Airtel Ltd.^(a)		77,762		711,078
Biocon Ltd.^(a)		17,400		80,868
Britannia Industries Ltd.		2,565		117,080
Cholamandalam Investment and Finance Co. Ltd.		13,267		122,395
Cipla Ltd.		14,250		175,390
Coal India Ltd.		36,433		82,406
Colgate-Palmolive India Ltd.		2,640		50,929
Container Corp. of India Ltd.		10,426		83,445
Dabur India Ltd.		16,644		124,787
Divi’s Laboratories Ltd.		3,990		226,758
DLF Ltd.		28,443		133,462
Dr. Reddy’s Laboratories Ltd.		3,192		172,346
Eicher Motors Ltd.		3,819		131,910
GAIL India Ltd.		48,735		94,234
Godrej Consumer Products Ltd.^(a)		11,286		115,421
Godrej Properties Ltd.^(a)		4,902		98,197
Grasim Industries Ltd.		8,094		172,731


Security	Shares		Value

India (continued)
Havells India Ltd.		8,265	$	130,574
HCL Technologies Ltd.		34,099		512,754
HDFC Asset Management Co. Ltd.^(b)		1,539		42,795
HDFC Life Insurance Co. Ltd.^(b)		26,847		187,148
Hero MotoCorp Ltd.		2,109		71,441
Hindalco Industries Ltd.		50,616		388,990
Hindustan Petroleum Corp. Ltd.		19,551		71,123
Hindustan Unilever Ltd.		25,137		726,920
Housing Development Finance Corp. Ltd.		52,896		1,671,820
ICICI Bank Ltd.		159,258		1,577,408
ICICI Lombard General Insurance Co. Ltd.^(b)		6,213		104,572
ICICI Prudential Life Insurance Co. Ltd.^(b)		10,830		69,187
Indian Oil Corp. Ltd.		47,595		73,053
Indian Railway Catering & Tourism Corp. Ltd.		7,638		82,879
Indraprastha Gas Ltd.		12,476		57,683
Indus Towers Ltd.^(a)		22,287		63,968
Info Edge India Ltd.		2,508		149,085
Infosys Ltd.		104,025		2,370,716
InterGlobe Aviation Ltd.^(a)(b)		2,964		74,201
ITC Ltd.		94,278		271,465
JSW Steel Ltd.		26,619		223,326
Jubilant Foodworks Ltd.		2,394		93,077
Kotak Mahindra Bank Ltd.		17,442		429,354
Larsen & Toubro Infotech Ltd.^(b)		1,770		138,338
Larsen & Toubro Ltd.		21,147		512,660
Lupin Ltd.		4,731		47,000
Mahindra & Mahindra Ltd.		25,764		271,982
Marico Ltd.		12,768		87,411
Maruti Suzuki India Ltd.		3,762		416,956
Mindtree Ltd.		2,223		115,353
Motherson Sumi Systems Ltd.		41,040		82,513
Motherson Sumi Wiring India Ltd.^(a)		41,040		25,311
Mphasis Ltd.		2,736		113,668
MRF Ltd.		81		70,875
Muthoot Finance Ltd.		4,275		77,452
Nestle India Ltd.		912		214,188
NTPC Ltd.		147,744		263,004
Oil & Natural Gas Corp. Ltd.		83,505		179,850
Page Industries Ltd.		171		96,255
Petronet LNG Ltd.		20,520		58,882
PI Industries Ltd.		2,736		90,046
Pidilite Industries Ltd.		5,643		180,642
Piramal Enterprises Ltd.		3,819		105,578
Power Grid Corp. of India Ltd.		89,661		249,663
Reliance Industries Ltd.		88,806		2,795,764
SBI Cards & Payment Services Ltd.^(a)		7,626		79,958
SBI Life Insurance Co. Ltd.^(b)		13,167		186,194
Shree Cement Ltd.		342		111,340
Shriram Transport Finance Co. Ltd.		6,270		94,244
Siemens Ltd.		3,047		95,325
SRF Ltd.		4,617		146,933
State Bank of India		56,088		362,340
Sun Pharmaceutical Industries Ltd.		25,650		288,137
Tata Consultancy Services Ltd.		27,987		1,325,792
Tata Consumer Products Ltd.		18,867		180,659
Tata Motors Ltd.^(a)		52,841		320,332
Tata Power Co. Ltd. (The)		46,740		139,379
Tata Steel Ltd.		22,857		374,254
Tech Mahindra Ltd.		20,235		380,981
Titan Co. Ltd.		10,545		358,177


Security	Shares		Value

India (continued)
Torrent Pharmaceuticals Ltd.		2,052	$	75,101
Trent Ltd.		6,099		90,199
UltraTech Cement Ltd.		3,078		269,392
United Spirits Ltd.^(a)		11,343		133,935
UPL Ltd.		18,069		160,588
Vedanta Ltd.		37,527		191,001
Wipro Ltd.		43,092		318,654
Yes Bank Ltd.^(a)		454,720		80,332
Zomato Ltd.^(a)		52,497		56,084


				28,752,280

Russia — 1.2%
Alrosa PJSC^(d)		83,790		24,407
Gazprom PJSC^(d)		376,774		303,730
Inter RAO UES PJSC^(d)		1,065,900		10,289
LUKOIL PJSC^(d)		12,996		226,852
Magnit PJSC, GDR		10,659		16,917
MMC Norilsk Nickel PJSC^(d)		1,995		135,146
Mobile TeleSystems PJSC, ADR		8,322		45,771
Moscow Exchange MICEX-RTS PJSC^(d)		41,040		13,813
Novatek PJSC, GDR		2,917		112,369
Novolipetsk Steel PJSC^(d)		41,610		26,426
Ozon Holdings PLC, ADR^(a)(d)		1,881		6,900
PhosAgro PJSC, GDR		4,421		27,047
Polymetal International PLC^(d)		10,488		31,808
Polyus PJSC^(d)		1,083		40,806
Rosneft Oil Co. PJSC^(d)		37,278		38,890
Sberbank of Russia PJSC^(d)		331,170		146,383
Severstal PAO^(d)		6,669		31,850
Surgutneftegas PJSC^(d)		182,410		13,775
Tatneft PJSC^(d)		41,097		52,186
TCS Group Holding PLC, GDR^(d)		3,884		44,729
United Co. RUSAL International PJSC^(a)(d)		95,760		20,207
VK Co. Ltd.^(a)(d)		4,446		4,518
VTB Bank PJSC^(d)		153,340,001		10,247
X5 Retail Group NV, GDR^(d)		2,622		11,279
Yandex NV^(a)(d)		9,690		63,345


				1,459,690


Total Common Stocks — 97.3% (Cost: $135,402,431)				112,947,499


Preferred Stocks

Brazil — 2.6%
Alpargatas SA, Preference Shares, NVS		5,700		28,381
Banco Bradesco SA, Preference Shares, NVS		153,729		602,205
Braskem SA, Class A, Preference Shares, NVS		7,980		74,777
Centrais Eletricas Brasileiras SA, Class B, Preference Shares, NVS		4,065		26,999
Cia. Energetica de Minas Gerais, Preference Shares, NVS		33,209		81,604
Gerdau SA, Preference Shares, NVS		37,563		186,306
Itau Unibanco Holding SA, Preference Shares, NVS		147,003		721,660
Itausa SA, Preference Shares, NVS		133,825		259,167
Petroleo Brasileiro SA, Preference Shares, NVS		146,718		964,444


				2,945,543


Security	Shares		Value

Russia — 0.0%
Surgutneftegas PJSC, Preference Shares, NVS^(d)		193,800	$	20,809


Total Preferred Stocks — 2.6% (Cost: $2,154,759)				2,966,352


Rights

Brazil — 0.0%
Americanas SA (Expires 03/03/22)^(a)		436		573


Total Rights — 0.0% (Cost: $0)				573


Short-Term Investments

Money Market Funds — 2.5%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.09%^(e)(f)(g)		1,923,349		1,923,734
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.03%^(e)(f)		980,000		980,000


				2,903,734


Total Short-Term Investments — 2.5% (Cost: $2,903,240)				2,903,734


Total Investments in Securities — 102.4% (Cost: $140,460,430)				118,818,158

Other Assets, Less Liabilities — (2.4)%				(2,730,627	)


Net Assets — 100.0%			$	116,087,531

As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:

For the period ended February 28, 2022, the effect of derivative financial instruments in the Statements of Operations was as follows:

For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.

A reconciliation of Level 3 financial instruments is presented when the Fund had a significant amount of Level 3 investments and derivative financial instruments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:

The following table summarizes the valuation approaches used and unobservable inputs utilized by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) to determine the value of certain of the Fund’s Level 3 instruments as of period end.


Security	Shares		Value

Common Stocks

China — 40.6%
360 DigiTech Inc., ADR		11,552	$	216,600
360 Security Technology Inc., Class A^(a)		90,099		149,973
3SBio Inc.^(a)(b)		189,000		150,211
51job Inc., ADR^(a)		4,574		236,933
AAC Technologies Holdings Inc.		100,500		274,787
AECC Aero-Engine Control Co. Ltd., Class A		41,600		167,518
AECC Aviation Power Co. Ltd., Class A		23,000		184,670
Agile Group Holdings Ltd.^(c)		128,000		58,320
Agricultural Bank of China Ltd., Class A		610,000		288,187
Agricultural Bank of China Ltd., Class H		3,233,000		1,224,399
Aier Eye Hospital Group Co. Ltd., Class A		45,852		265,122
Air China Ltd., Class A^(a)		138,700		217,224
Air China Ltd., Class H^(a)(c)		106,000		81,522
Akeso Inc.^(a)(b)(c)		36,000		95,067
Alibaba Group Holding Ltd.^(a)		1,996,920		26,287,203
Alibaba Health Information Technology Ltd.^(a)		540,000		378,125
Alibaba Pictures Group Ltd.^(a)		1,550,000		154,968
A-Living Smart City Services Co. Ltd., Class A^(b)		75,000		134,439
Aluminum Corp. of China Ltd., Class A^(a)		123,600		127,887
Aluminum Corp. of China Ltd., Class H^(a)		520,000		367,548
Anhui Conch Cement Co. Ltd., Class A		41,500		265,672
Anhui Conch Cement Co. Ltd., Class H		155,500		834,495
Anhui Gujing Distillery Co. Ltd., Class B		20,325		298,023
ANTA Sports Products Ltd.^(c)		147,000		2,245,161
Apeloa Pharmaceutical Co. Ltd., Class A		31,200		140,076
Asymchem Laboratories Tianjin Co. Ltd., Class A		2,300		123,946
Autohome Inc., ADR		9,906		303,025
AVIC Electromechanical Systems Co. Ltd., Class A		72,800		144,055
AVIC Industry-Finance Holdings Co. Ltd., Class A		178,500		110,242
AviChina Industry & Technology Co. Ltd., Class H		345,000		214,189
Baidu Inc., ADR^(a)		36,638		5,585,097
Bank of Chengdu Co. Ltd., Class A		60,600		138,588
Bank of China Ltd., Class A		401,000		196,934
Bank of China Ltd., Class H		10,186,000		3,965,427
Bank of Communications Co. Ltd., Class A		403,400		305,804
Bank of Communications Co. Ltd., Class H		1,000,000		685,529
Bank of Hangzhou Co. Ltd., Class A		73,900		167,973
Bank of Jiangsu Co. Ltd., Class A		165,658		174,873
Bank of Nanjing Co. Ltd., Class A		118,600		183,638
Bank of Ningbo Co. Ltd., Class A		70,000		423,258
Bank of Shanghai Co. Ltd., Class A		187,870		208,226
Baoshan Iron & Steel Co. Ltd., Class A		188,400		215,937
BBMG Corp., Class A		269,500		123,246
BeiGene Ltd., ADR^(a)		6,201		1,305,435
Beijing Capital International Airport Co. Ltd., Class H^(a)		268,000		171,657
Beijing Dabeinong Technology Group Co. Ltd., Class A		52,000		68,404
Beijing Enlight Media Co. Ltd., Class A		51,300		76,864
Beijing Enterprises Holdings Ltd.		69,000		235,877
Beijing Enterprises Water Group Ltd.		518,000		204,653
Beijing Shiji Information Technology Co. Ltd., Class A		11,782		44,757
Beijing Sinnet Technology Co. Ltd., Class A		28,100		66,931
Beijing-Shanghai High Speed Railway Co. Ltd., Class A		471,721		386,466
Betta Pharmaceuticals Co. Ltd., Class A		5,300		50,793
Bilibili Inc., ADR^(a)(c)		21,507		679,836
BOC Aviation Ltd.^(b)		28,400		246,881
BOE Technology Group Co. Ltd., Class A		338,300		252,487
Bosideng International Holdings Ltd.^(c)		468,000		266,277
BYD Co. Ltd., Class A		14,500		583,071


Security	Shares		Value

China (continued)
BYD Co. Ltd., Class H		106,000	$	3,284,658
BYD Electronic International Co. Ltd.		92,000		259,607
Caitong Securities Co. Ltd., Class A		62,600		93,217
CanSino Biologics Inc., Class H^(a)(b)		11,000		198,807
CGN Power Co. Ltd., Class H^(b)		849,000		240,701
Changchun High & New Technology Industry Group Inc., Class A		3,400		98,658
Changjiang Securities Co. Ltd., Class A		118,500		129,964
Chaozhou Three-Circle Group Co. Ltd., Class A		24,099		133,466
China Bohai Bank Co. Ltd., Class H^(b)		439,000		73,030
China Cinda Asset Management Co. Ltd., Class H		763,000		137,732
China CITIC Bank Corp. Ltd., Class H		1,049,000		492,939
China Coal Energy Co. Ltd., Class H		280,000		174,533
China Communications Services Corp. Ltd., Class H		324,000		177,753
China Conch Venture Holdings Ltd.		227,500		1,094,784
China Construction Bank Corp., Class A		118,800		113,657
China Construction Bank Corp., Class H		12,554,000		9,415,055
China Eastern Airlines Corp. Ltd., Class A^(a)		138,372		118,492
China Education Group Holdings Ltd.		123,000		105,377
China Everbright Bank Co. Ltd., Class A		516,800		273,865
China Everbright Bank Co. Ltd., Class H		181,000		67,315
China Everbright Environment Group Ltd.		516,481		370,821
China Evergrande Group		518,000		106,019
China Feihe Ltd.^(b)		478,000		570,378
China Galaxy Securities Co. Ltd., Class H		472,500		270,451
China Gas Holdings Ltd.		397,200		627,724
China Great Wall Securities Co. Ltd., Class A		40,700		69,609
China Hongqiao Group Ltd.		316,000		442,403
China Huishan Dairy Holdings Co. Ltd.^(a)(d)		20,200		—
China International Capital Corp. Ltd., Class H^(b)		185,200		450,577
China Jinmao Holdings Group Ltd.		784,000		260,714
China Lesso Group Holdings Ltd.		174,000		267,888
China Life Insurance Co. Ltd., Class A		39,200		179,015
China Life Insurance Co. Ltd., Class H		921,000		1,525,756
China Literature Ltd.^(a)(b)		53,800		291,981
China Longyuan Power Group Corp. Ltd., Class H		460,000		949,251
China Medical System Holdings Ltd.		201,000		357,911
China Meidong Auto Holdings Ltd.		76,000		357,845
China Mengniu Dairy Co. Ltd.		429,000		2,789,537
China Merchants Bank Co. Ltd., Class A		177,400		1,402,298
China Merchants Bank Co. Ltd., Class H		518,331		4,369,171
China Merchants Port Holdings Co. Ltd.		206,000		388,392
China Merchants Securities Co. Ltd., Class A		69,270		174,293
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A		77,975		167,262
China Minsheng Banking Corp. Ltd., Class A		350,400		217,157
China Minsheng Banking Corp. Ltd., Class H		614,660		239,409
China Molybdenum Co. Ltd., Class A		183,100		175,647
China Molybdenum Co. Ltd., Class H		429,000		258,216
China National Building Material Co. Ltd., Class H		546,000		700,424
China National Chemical Engineering Co. Ltd., Class A		72,300		119,969
China National Nuclear Power Co. Ltd., Class A		157,500		185,275
China Northern Rare Earth Group High-Tech Co. Ltd., Class A		32,700		257,216
China Oilfield Services Ltd., Class H		258,000		294,119
China Overseas Land & Investment Ltd.		505,500		1,543,376
China Overseas Property Holdings Ltd.		165,000		179,146
China Pacific Insurance Group Co. Ltd., Class A		62,400		262,432
China Pacific Insurance Group Co. Ltd., Class H		324,600		903,874
China Petroleum & Chemical Corp., Class A		278,200		192,154


Security	Shares		Value

China (continued)
China Petroleum & Chemical Corp., Class H		3,128,600	$	1,556,437
China Power International Development Ltd.		715,000		405,289
China Railway Group Ltd., Class A		210,796		207,976
China Railway Group Ltd., Class H		455,000		267,156
China Renewable Energy Investment Ltd.^(d)		2,513		—
China Resources Beer Holdings Co. Ltd.		202,000		1,601,739
China Resources Cement Holdings Ltd.		322,000		275,532
China Resources Gas Group Ltd.		124,000		569,531
China Resources Land Ltd.		429,777		2,090,563
China Resources Mixc Lifestyle Services Ltd.^(b)		75,800		389,890
China Resources Power Holdings Co. Ltd.		266,000		594,130
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A		21,590		122,394
China Ruyi Holdings Ltd.^(a)(c)		408,000		121,431
China Shenhua Energy Co. Ltd., Class A		70,700		283,064
China Shenhua Energy Co. Ltd., Class H		431,500		1,189,207
China Southern Airlines Co. Ltd., Class A^(a)		138,000		151,521
China Southern Airlines Co. Ltd., Class H^(a)		202,000		127,798
China State Construction Engineering Corp. Ltd., Class A		361,140		291,745
China State Construction International Holdings Ltd.		292,000		411,228
China Suntien Green Energy Corp. Ltd., Class H		261,000		173,860
China Taiping Insurance Holdings Co. Ltd.		216,300		256,014
China Three Gorges Renewables Group Co. Ltd.		250,000		282,184
China Tourism Group Duty Free Corp. Ltd., Class A		15,900		513,552
China Tower Corp. Ltd., Class H^(b)		5,372,000		626,125
China Traditional Chinese Medicine Holdings Co. Ltd.		410,000		233,724
China United Network Communications Ltd., Class A		286,700		173,700
China Vanke Co. Ltd., Class A		93,100		283,368
China Vanke Co. Ltd., Class H		184,100		437,271
China Yangtze Power Co. Ltd., Class A		187,200		688,730
Chinasoft International Ltd.		350,000		319,340
Chindata Group Holdings Ltd., ADR^(a)(c)		15,613		85,715
Chongqing Brewery Co. Ltd., Class A^(a)		5,199		110,395
Chongqing Changan Automobile Co. Ltd., Class A		58,240		120,421
Chongqing Zhifei Biological Products Co. Ltd., Class A		14,200		290,618
CIFI Ever Sunshine Services Group Ltd.		100,000		181,857
CIFI Holdings Group Co. Ltd.		522,900		364,310
CITIC Ltd.		770,000		898,532
CITIC Securities Co. Ltd., Class A		129,490		479,907
CITIC Securities Co. Ltd., Class H		300,725		728,567
Contemporary Amperex Technology Co. Ltd., Class A		19,100		1,636,093
COSCO SHIPPING Holdings Co. Ltd., Class A^(a)		120,650		338,758
COSCO SHIPPING Holdings Co. Ltd., Class H^(a)		446,950		903,386
COSCO SHIPPING Ports Ltd.		268,000		220,852
Country Garden Holdings Co. Ltd.		1,013,828		787,675
Country Garden Services Holdings Co. Ltd.		236,000		1,411,742
CRRC Corp. Ltd., Class A		221,100		203,235
CRRC Corp. Ltd., Class H		485,000		215,550
CSC Financial Co. Ltd., Class A		38,200		156,403
CSPC Pharmaceutical Group Ltd.		1,201,200		1,423,858
Dada Nexus Ltd., ADR^(a)(c)		7,994		66,430
Dali Foods Group Co. Ltd.^(b)		352,000		185,392
Daqo New Energy Corp., ADR^(a)		8,176		392,121
DHC Software Co. Ltd., Class A		71,200		93,348
DiDi Global Inc., ADR^(a)(c)		19,281		79,052
Dong-E-E-Jiao Co. Ltd., Class A		10,300		62,001
Dongfang Electric Corp. Ltd., Class A		36,700		95,125
Dongfeng Motor Group Co. Ltd., Class H		362,000		311,583
Dongxing Securities Co. Ltd., Class A		67,000		109,620
Dongyue Group Ltd.		205,000		297,402


Security	Shares		Value

China (continued)
East Money Information Co. Ltd., Class A		90,096	$	384,014
ENN Energy Holdings Ltd.		107,400		1,555,409
Eve Energy Co. Ltd., Class A		16,600		238,223
Everbright Securities Co. Ltd., Class A		37,700		79,612
Fangda Carbon New Material Co. Ltd., Class A		48,140		78,930
Far East Horizon Ltd.		208,000		177,268
First Capital Securities Co. Ltd., Class A		63,600		64,326
Flat Glass Group Co. Ltd., Class H		71,000		293,597
Focus Media Information Technology Co. Ltd., Class A		154,600		188,097
Foshan Haitian Flavouring & Food Co. Ltd., Class A		28,777		453,533
Fosun International Ltd.		287,500		311,938
Founder Securities Co. Ltd., Class A		128,034		146,148
Foxconn Industrial Internet Co. Ltd., Class A		98,900		175,285
Fuyao Glass Industry Group Co. Ltd., Class A		18,800		131,947
Fuyao Glass Industry Group Co. Ltd., Class H^(b)		84,000		412,112
Ganfeng Lithium Co. Ltd., Class A		10,800		262,603
Ganfeng Lithium Co. Ltd., Class H^(b)		34,200		580,449
G-Bits Network Technology Xiamen Co. Ltd., Class A		1,000		55,658
GDS Holdings Ltd., ADR^(a)		12,600		560,952
Geely Automobile Holdings Ltd.		794,000		1,478,938
GEM Co. Ltd., Class A		72,300		110,452
Gemdale Corp., Class A		49,200		98,995
Genscript Biotech Corp.^(a)		154,000		610,613
GF Securities Co. Ltd., Class A		65,000		192,516
GF Securities Co. Ltd., Class H		107,800		161,838
Giant Network Group Co. Ltd., Class A		42,600		64,667
GoerTek Inc., Class A		33,100		231,748
GOME Retail Holdings Ltd.^(a)(c)		1,823,000		135,660
Gotion High-tech Co. Ltd., Class A^(a)		24,000		164,688
Great Wall Motor Co. Ltd., Class H		453,500		954,754
Gree Electric Appliances Inc. of Zhuhai, Class A		30,000		174,630
Greenland Holdings Corp. Ltd., Class A		86,360		59,199
Greentown China Holdings Ltd.		116,500		174,993
Greentown Service Group Co. Ltd.		208,000		208,941
Guangdong Haid Group Co. Ltd., Class A		20,000		208,587
Guangdong Investment Ltd.		408,000		549,043
Guanghui Energy Co. Ltd., Class A^(a)		82,700		94,206
Guangzhou Automobile Group Co. Ltd., Class H		408,800		404,733
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A		26,600		125,445
Guangzhou Haige Communications Group Inc. Co., Class A		84,300		133,397
Guangzhou R&F Properties Co. Ltd., Class H^(c)		170,000		72,369
Guangzhou Tinci Materials Technology Co. Ltd., Class A		9,300		157,833
Guosen Securities Co. Ltd., Class A		103,800		170,758
Guotai Junan Securities Co. Ltd., Class A		90,000		239,064
Guoyuan Securities Co. Ltd., Class A		79,440		89,323
Haidilao International Holding Ltd.^(b)(c)		143,000		329,283
Haier Smart Home Co. Ltd., Class A		70,000		283,782
Haier Smart Home Co. Ltd., Class H		288,800		1,011,978
Haitian International Holdings Ltd.		102,000		271,759
Haitong Securities Co. Ltd., Class A		110,800		197,822
Haitong Securities Co. Ltd., Class H		200,000		172,098
Hangzhou First Applied Material Co. Ltd., Class A		9,400		178,389
Hangzhou Robam Appliances Co. Ltd., Class A		20,300		107,369
Hangzhou Silan Microelectronics Co. Ltd., Class A		14,700		134,369
Hangzhou Tigermed Consulting Co. Ltd., Class A		3,200		51,915
Hangzhou Tigermed Consulting Co. Ltd., Class H^(b)		16,300		183,392
Hansoh Pharmaceutical Group Co. Ltd.^(b)		144,000		307,396
Hello Group Inc., ADR		19,585		186,645


Security	Shares		Value

China (continued)
Henan Shuanghui Investment & Development Co. Ltd., Class A		32,256	$	147,616
Hengan International Group Co. Ltd.		84,000		445,475
Hengli Petrochemical Co. Ltd., Class A		60,000		238,658
Hengyi Petrochemical Co. Ltd., Class A		60,090		95,821
Hesteel Co. Ltd., Class A		196,200		79,993
Hithink RoyalFlush Information Network Co. Ltd., Class A		6,000		103,046
Hongfa Technology Co. Ltd., Class A		11,600		115,931
Hopson Development Holdings Ltd.		95,900		197,415
Hua Hong Semiconductor Ltd.^(a)(b)		72,000		375,103
Huabao International Holdings Ltd.		124,000		71,140
Huadian Power International Corp. Ltd., Class A		102,400		69,994
Huadong Medicine Co. Ltd., Class A		18,572		112,047
Huaneng Power International Inc., Class H		632,000		370,994
Huatai Securities Co. Ltd., Class A		89,100		224,567
Huatai Securities Co. Ltd., Class H^(b)		142,400		233,152
Huaxi Securities Co. Ltd., Class A		67,400		95,146
Huaxia Bank Co. Ltd., Class A		171,200		152,819
Huayu Automotive Systems Co. Ltd., Class A		32,900		132,711
Huazhu Group Ltd., ADR^(a)		23,763		982,838
Hunan Valin Steel Co. Ltd., Class A		76,800		71,073
Hundsun Technologies Inc., Class A		18,512		153,850
Hutchmed China Ltd, ADR^(a)		12,439		338,963
Hygeia Healthcare Holdings Co. Ltd.^(b)(c)		47,400		258,777
Iflytek Co. Ltd., Class A		23,500		183,635
I-Mab, ADR^(a)		5,415		133,859
Imeik Technology Development Co. Ltd., Class A		2,000		154,574
Industrial & Commercial Bank of China Ltd., Class A		507,300		374,776
Industrial & Commercial Bank of China Ltd., Class H		7,362,000		4,394,783
Industrial Bank Co. Ltd., Class A		170,000		595,573
Industrial Securities Co. Ltd., Class A		87,200		113,424
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A^(a)		417,700		178,284
Inner Mongolia Junzheng Energy & Chemical Industry Group Co. Ltd., Class A		93,000		73,201
Inner Mongolia Yili Industrial Group Co. Ltd., Class A		57,100		358,154
Innovent Biologics Inc.^(a)(b)		158,000		713,051
iQIYI Inc., ADR^(a)(c)		37,788		156,442
JA Solar Technology Co. Ltd., Class A		15,300		231,799
JD Health International Inc.^(a)(b)		47,650		355,646
JDcom Inc, Class A^(a)		265,172		9,471,790
Jiangsu Expressway Co. Ltd., Class H		150,000		160,491
Jiangsu Hengli Hydraulic Co. Ltd., Class A		13,820		147,307
Jiangsu Hengrui Medicine Co. Ltd., Class A		53,376		339,924
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A		12,503		327,942
Jiangsu Yangnong Chemical Co. Ltd., Class A		10,400		205,716
Jiangsu Zhongtian Technology Co. Ltd., Class A		31,700		94,219
Jiangxi Copper Co. Ltd., Class A		42,100		149,237
Jiangxi Copper Co. Ltd., Class H		116,000		208,800
Jinke Properties Group Co. Ltd., Class A		64,000		45,593
Jinmao Property Services Co. Ltd.		11,842		3,010
Jinxin Fertility Group Ltd.^(a)(b)		180,000		210,471
Jiumaojiu International Holdings Ltd.^(b)(c)		104,000		233,636
Joincare Pharmaceutical Group Industry Co. Ltd., Class A		40,529		78,851
Jointown Pharmaceutical Group Co. Ltd., Class A		32,200		68,046
JOYY Inc., ADR		7,567		350,276
Kanzhun Ltd.^(a)(c)		10,317		333,239
KE Holdings Inc., ADR^(a)		47,994		931,564
Kingboard Holdings Ltd		95,000		444,424
Kingboard Laminates Holdings Ltd.		151,000		251,618
Kingdee International Software Group Co. Ltd.^(a)		356,000		879,904


Security	Shares		Value

China (continued)
Kingsoft Cloud Holdings Ltd., ADR^(a)(c)		13,713	$	92,426
Kingsoft Corp. Ltd.		131,200		490,663
Kuaishou Technology^(a)(b)		64,000		740,634
Kunlun Energy Co. Ltd.		538,000		529,222
Kweichow Moutai Co. Ltd., Class A		10,218		2,905,889
KWG Group Holdings Ltd.		136,000		63,678
LB Group Co. Ltd., Class A		26,500		111,935
Lee & Man Paper Manufacturing Ltd.		215,000		138,214
Legend Biotech Corp., ADR^(a)		6,395		253,178
Lenovo Group Ltd.		1,000,000		1,113,569
Lens Technology Co. Ltd., Class A		59,100		136,719
Lepu Medical Technology Beijing Co. Ltd., Class A		25,300		86,410
Li Auto Inc., ADR^(a)		73,877		2,249,555
Li Ning Co. Ltd.		305,500		3,051,380
Logan Group Co. Ltd.^(c)		192,000		63,880
Longfor Group Holdings Ltd.^(b)		243,500		1,302,122
LONGi Green Energy Technology Co. Ltd., Class A		46,140		574,328
Lufax Holding Ltd., ADR^(a)		79,600		515,012
Luxshare Precision Industry Co. Ltd., Class A		59,141		410,148
Luzhou Laojiao Co. Ltd., Class A		12,100		417,912
Mango Excellent Media Co. Ltd., Class A		17,100		93,177
Maxscend Microelectronics Co. Ltd., Class A		3,200		137,513
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A^(a)		56,184		64,052
Meituan, Class B^(a)(b)		538,800		11,969,527
Metallurgical Corp. of China Ltd., Class A		260,400		168,890
Microport Scientific Corp.		87,200		242,554
Ming Yuan Cloud Group Holdings Ltd.		81,000		159,868
Minth Group Ltd.		96,000		347,117
MMG Ltd.^(a)		420,000		152,136
Muyuan Foods Co. Ltd., Class A		44,411		404,102
NARI Technology Co. Ltd., Class A		54,840		309,528
NAURA Technology Group Co. Ltd., Class A		4,600		222,989
NavInfo Co. Ltd., Class A^(a)		34,927		95,096
NetEase Inc.		270,500		5,231,929
New China Life Insurance Co. Ltd., Class A		20,000		121,011
New China Life Insurance Co. Ltd., Class H		85,300		244,118
New Hope Liuhe Co. Ltd., Class A^(a)		46,500		113,754
New Oriental Education & Technology Group Inc., ADR^(a)		209,426		316,233
Nine Dragons Paper Holdings Ltd.		242,000		231,828
Ninestar Corp., Class A		19,000		151,194
NIO Inc., ADR^(a)		173,870		3,971,191
Noah Holdings Ltd., ADR^(a)		4,614		130,853
Nongfu Spring Co. Ltd., Class H^(b)		238,200		1,493,875
OFILM Group Co. Ltd., Class A^(a)		52,700		67,024
Oppein Home Group Inc., Class A		8,100		162,440
Orient Securities Co. Ltd., Class A		59,332		116,055
Ovctek China Inc., Class A		10,200		66,576
People’s Insurance Co. Group of China Ltd. (The), Class H		903,000		290,392
Perfect World Co. Ltd., Class A		20,596		43,253
PetroChina Co. Ltd., Class A		170,000		156,732
PetroChina Co. Ltd., Class H		2,636,000		1,411,909
Pharmaron Beijing Co. Ltd., Class A		6,600		126,665
Pharmaron Beijing Co. Ltd., Class H^(b)		17,000		206,109
PICC Property & Casualty Co. Ltd., Class H		888,740		938,142
Pinduoduo Inc., ADR^(a)		57,627		2,988,536
Ping An Bank Co. Ltd., Class A		155,936		390,202
Ping An Healthcare and Technology Co. Ltd.^(a)(b)(c)		62,600		193,992
Ping An Insurance Group Co. of China Ltd., Class A		100,500		810,141


Security	Shares		Value

China (continued)
Ping An Insurance Group Co. of China Ltd., Class H		832,500	$	6,454,924
Poly Developments and Holdings Group Co. Ltd., Class A		103,800		259,962
Postal Savings Bank of China Co. Ltd., Class A		240,000		212,006
Postal Savings Bank of China Co. Ltd., Class H^(b)		1,023,000		839,969
Power Construction Corp. of China Ltd., Class A		138,100		168,618
Powerlong Real Estate Holdings Ltd.		171,000		81,964
RiseSun Real Estate Development Co. Ltd., Class A		110,718		69,155
RLX Technology Inc., ADR^(a)		82,054		252,726
Rongsheng Petrochemical Co. Ltd., Class A		95,528		287,083
SAIC Motor Corp. Ltd., Class A		71,022		204,796
Sany Heavy Equipment International Holdings Co. Ltd.		163,000		169,030
Sany Heavy Industry Co. Ltd., Class A		79,000		246,861
SDIC Capital Co. Ltd., Class A		98,528		115,929
SDIC Power Holdings Co. Ltd., Class A		80,709		128,024
Seazen Group Ltd.		228,000		120,306
Seazen Holdings Co. Ltd., Class A		22,500		107,619
SF Holding Co. Ltd., Class A		40,300		386,658
Shaanxi Coal Industry Co. Ltd., Class A		95,573		215,924
Shandong Buchang Pharmaceuticals Co. Ltd., Class A		33,353		110,254
Shandong Gold Mining Co. Ltd., Class A		40,160		131,091
Shandong Gold Mining Co. Ltd., Class H^(b)(c)		73,000		137,079
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A		41,600		233,694
Shandong Linglong Tyre Co. Ltd., Class A		17,005		75,714
Shandong Nanshan Aluminum Co. Ltd., Class A		148,800		115,409
Shandong Weigao Group Medical Polymer Co. Ltd., Class H		343,200		473,888
Shanghai Baosight Software Co. Ltd., Class A		20,800		177,926
Shanghai Baosight Software Co. Ltd., Class B		52,600		227,156
Shanghai Electric Group Co. Ltd., Class A		178,200		124,717
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A		20,000		134,850
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H		62,500		250,594
Shanghai International Airport Co. Ltd., Class A^(a)		10,700		89,019
Shanghai International Port Group Co. Ltd., Class A		115,300		104,371
Shanghai Jinjiang International Hotels Co. Ltd., Class A		10,856		97,116
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class B		231,916		206,637
Shanghai Pharmaceuticals Holding Co. Ltd., Class A		39,300		116,725
Shanghai Pharmaceuticals Holding Co. Ltd., Class H		102,400		184,839
Shanghai Pudong Development Bank Co. Ltd., Class A		247,200		329,043
Shanghai Putailai New Energy Technology Co. Ltd., Class A		10,400		241,930
Shanxi Coking Coal Energy Group Co. Ltd., Class A		49,180		82,777
Shanxi Lu’an Environmental Energy Development Co. Ltd., Class A		39,000		85,942
Shanxi Meijin Energy Co. Ltd., Class A^(a)		53,200		121,605
Shanxi Securities Co. Ltd., Class A		88,230		82,741
Shanxi Taigang Stainless Steel Co. Ltd., Class A		66,700		77,474
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A		10,520		489,632
Shenwan Hongyuan Group Co. Ltd., Class A		225,300		164,057
Shenzhen Energy Group Co. Ltd., Class A		50,820		58,366
Shenzhen Goodix Technology Co. Ltd., Class A		5,800		83,992
Shenzhen Inovance Technology Co. Ltd., Class A		26,150		266,150
Shenzhen International Holdings Ltd.		142,000		146,314
Shenzhen Kangtai Biological Products Co. Ltd., Class A		6,700		89,562
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A		10,200		530,408
Shenzhen Overseas Chinese Town Co. Ltd., Class A		89,000		97,366
Shenzhou International Group Holdings Ltd.		112,200		1,884,579
Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A		24,420		93,168
Shimao Group Holdings Ltd.		151,000		90,615


Security	Shares		Value

China (continued)
Shimao Services Holdings Ltd.^(b)(c)		76,000	$	55,542
Sichuan Chuantou Energy Co. Ltd., Class A		55,400		105,697
Sichuan Kelun Pharmaceutical Co. Ltd., Class A		31,100		85,712
Sichuan Swellfun Co. Ltd., Class A		4,100		64,873
Silergy Corp.		10,000		1,332,511
Sino Biopharmaceutical Ltd.		1,302,250		831,310
Sinolink Securities Co. Ltd., Class A		46,800		75,409
Sinopharm Group Co. Ltd., Class H		173,600		420,838
Sinotruk Hong Kong Ltd.		101,000		150,759
Smoore International Holdings Ltd.^(b)		242,000		898,317
Songcheng Performance Development Co. Ltd., Class A		34,400		84,410
SooChow Securities Co. Ltd., Class A		59,436		74,158
Sun Art Retail Group Ltd.		229,500		82,799
Sunac China Holdings Ltd.		432,000		353,116
Sunac Services Holdings Ltd.^(a)(b)		143,000		122,217
Sungrow Power Supply Co. Ltd., Class A		12,900		249,796
Suningcom Co Ltd, Class A^(a)		116,832		66,647
Sunny Optical Technology Group Co. Ltd.		97,200		2,329,296
Sunwoda Electronic Co. Ltd., Class A		21,200		124,355
Suzhou Dongshan Precision Manufacturing Co. Ltd., Class A		23,800		84,111
TAL Education Group, ADR^(a)		55,500		157,620
TBEA Co. Ltd., Class A		36,700		118,259
TCL Technology Group Corp., Class A		158,200		139,817
Tencent Holdings Ltd.		760,000		41,010,597
Tencent Music Entertainment Group, ADR^(a)		84,631		456,161
Thunder Software Technology Co. Ltd., Class A		10,400		231,687
Tianjin Zhonghuan Semiconductor Co. Ltd., Class A		33,400		255,722
Tianma Microelectronics Co. Ltd., Class A		20,000		37,165
Tingyi Cayman Islands Holding Corp.		272,000		601,773
Toly Bread Co. Ltd., Class A		20,180		79,716
Tongcheng Travel Holdings Ltd.^(a)		142,800		265,958
Tongling Nonferrous Metals Group Co. Ltd., Class A		139,200		88,234
Tongwei Co. Ltd., Class A		39,500		270,900
Topsports International Holdings Ltd.^(b)		212,000		220,380
Transfar Zhilian Co. Ltd., Class A		62,955		77,074
TravelSky Technology Ltd., Class H		133,000		250,526
Trina Solar Co. Ltd.		20,000		244,712
Trip.com Group Ltd., ADR^(a)		66,921		1,727,900
Tsingtao Brewery Co. Ltd., Class A		9,400		140,150
Tsingtao Brewery Co. Ltd., Class H		64,000		615,734
Unigroup Guoxin Microelectronics Co. Ltd., Class A		6,200		217,734
Uni-President China Holdings Ltd.		211,000		219,414
Unisplendour Corp. Ltd., Class A		30,080		104,856
Venus MedTech Hangzhou Inc., Class H^(a)(b)(c)		30,500		84,797
Vinda International Holdings Ltd.		48,000		136,667
Vipshop Holdings Ltd., ADR^(a)		57,726		500,484
Walvax Biotechnology Co. Ltd., Class A		15,000		111,795
Wanhua Chemical Group Co. Ltd., Class A		27,700		419,392
Want Want China Holdings Ltd.		686,000		730,264
Weibo Corp., ADR^(a)(c)		8,627		236,639
Weichai Power Co. Ltd., Class A		78,824		190,720
Weichai Power Co. Ltd., Class H		238,200		403,065
Weimob Inc.^(a)(b)(c)		267,000		176,581
Wens Foodstuffs Group Co. Ltd., Class A^(a)		68,060		210,470
Western Securities Co. Ltd., Class A		112,000		135,210
Wharf Holdings Ltd. (The)		186,000		672,946
Will Semiconductor Co. Ltd. Shanghai, Class A		7,800		306,094
Wingtech Technology Co. Ltd., Class A		12,700		236,675
Winning Health Technology Group Co. Ltd., Class A		36,200		65,804


Security	Shares		Value

China (continued)
Wuhan Guide Infrared Co. Ltd., Class A		40,021	$	142,336
Wuhu Sanqi Interactive Entertainment Network Technology Group Co. Ltd., Class A		25,500		84,684
Wuliangye Yibin Co. Ltd., Class A		32,200		974,733
WuXi AppTec Co. Ltd., Class A		24,904		412,218
WuXi AppTec Co. Ltd., Class H^(b)		38,796		552,240
Wuxi Biologics Cayman Inc., New^(a)(b)		485,000		4,011,637
Wuxi Lead Intelligent Equipment Co. Ltd., Class A		11,020		118,795
XCMG Construction Machinery Co. Ltd., Class A		129,100		113,505
Xiamen C & D Inc., Class A		87,000		137,891
Xiaomi Corp., Class B^(a)(b)		1,881,000		3,540,450
Xinjiang Goldwind Science & Technology Co. Ltd., Class A		55,302		132,003
Xinjiang Goldwind Science & Technology Co. Ltd., Class H		76,962		125,924
Xinyi Solar Holdings Ltd.		662,000		1,202,434
XPeng Inc., ADR^(a)(c)		51,807		1,884,221
Yadea Group Holdings Ltd.^(b)		162,000		240,332
Yankuang Energy Group Co Ltd, Class H^(c)		190,000		465,846
Yankuang Energy Group Co. Ltd., Class A		28,300		142,020
Yantai Jereh Oilfield Services Group Co. Ltd., Class A		13,000		93,135
Yihai International Holding Ltd.^(c)		65,000		271,966
Yonghui Superstores Co. Ltd., Class A		168,800		97,762
Yonyou Network Technology Co. Ltd., Class A		33,218		165,771
Yuexiu Property Co. Ltd.		189,600		189,651
Yum China Holdings Inc.		55,656		2,895,225
Yunda Holding Co. Ltd., Class A		33,680		103,736
Yunnan Baiyao Group Co. Ltd., Class A		12,100		172,876
Yunnan Energy New Material Co. Ltd., Class A		8,200		339,826
Zai Lab Ltd., ADR^(a)(c)		10,546		576,866
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A		5,100		293,601
Zhejiang Chint Electrics Co. Ltd., Class A		21,200		168,971
Zhejiang Dahua Technology Co. Ltd., Class A		43,400		129,235
Zhejiang Expressway Co. Ltd., Class H		232,000		209,289
Zhejiang Huayou Cobalt Co. Ltd., Class A		11,200		221,506
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A		20,800		215,578
Zhejiang Longsheng Group Co. Ltd., Class A		55,939		109,352
Zhejiang NHU Co. Ltd., Class A		32,000		172,471
Zhejiang Semir Garment Co. Ltd., Class A		65,100		73,126
ZhongAn Online P&C Insurance Co. Ltd., Class H^(a)(b)(c)		70,000		230,400
Zhongsheng Group Holdings Ltd.		81,000		565,617
Zhuzhou CRRC Times Electric Co. Ltd.		75,800		395,109
Zijin Mining Group Co. Ltd., Class A		190,000		340,035
Zijin Mining Group Co. Ltd., Class H		754,000		1,119,073
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class A		113,400		127,033
Zoomlion Heavy Industry Science and Technology Co. Ltd., Class H		100,000		66,520
ZTE Corp., Class A		29,200		135,128
ZTE Corp., Class H		108,160		266,457
ZTO Express Cayman Inc., ADR		57,419		1,690,415


				316,278,844

India — 15.7%
ACC Ltd.		9,719		270,704
Adani Enterprises Ltd.		36,936		812,249
Adani Green Energy Ltd.^(a)		52,526		1,292,511
Adani Ports & Special Economic Zone Ltd.		65,366		618,080
Adani Total Gas Ltd.		36,936		778,697


Security	Shares		Value

India (continued)
Adani Transmission Ltd.^(a)		36,935	$	1,052,524
Ambuja Cements Ltd.		93,388		391,399
Apollo Hospitals Enterprise Ltd.		13,586		869,571
Asian Paints Ltd.		51,058		2,157,768
Aurobindo Pharma Ltd.		35,172		292,788
Avenue Supermarts Ltd.^(a)(b)		21,787		1,260,472
Axis Bank Ltd.^(a)		292,918		2,906,083
Bajaj Auto Ltd.		9,488		446,483
Bajaj Finance Ltd.		35,940		3,364,890
Bajaj Finserv Ltd.		5,185		1,111,604
Balkrishna Industries Ltd.		11,619		282,535
Bandhan Bank Ltd.^(b)		91,040		372,383
Berger Paints India Ltd.		38,668		355,141
Bharat Electronics Ltd.		160,989		452,425
Bharat Forge Ltd.		36,213		328,044
Bharat Petroleum Corp. Ltd.		108,578		506,456
Bharti Airtel Ltd.^(a)		326,530		2,985,886
Biocon Ltd.^(a)		57,418		266,855
Britannia Industries Ltd.		13,605		621,003
Cholamandalam Investment and Finance Co. Ltd.		55,075		508,096
Cipla Ltd.		58,800		723,713
Coal India Ltd.		191,067		432,163
Colgate-Palmolive India Ltd.		14,584		281,346
Container Corp. of India Ltd.		35,587		284,823
Dabur India Ltd.		77,936		584,320
Divi’s Laboratories Ltd.		17,033		968,011
DLF Ltd.		84,721		397,534
Dr. Reddy’s Laboratories Ltd.		14,231		768,376
Eicher Motors Ltd.		17,708		611,642
GAIL India Ltd.		208,295		402,761
Godrej Consumer Products Ltd.^(a)		48,480		495,801
Godrej Properties Ltd.^(a)		16,641		333,353
Grasim Industries Ltd.		35,420		755,885
Havells India Ltd.		33,295		526,009
HCL Technologies Ltd.		141,830		2,132,730
HDFC Asset Management Co. Ltd.^(b)		6,561		182,442
HDFC Life Insurance Co. Ltd.^(b)		114,506		798,212
Hero MotoCorp Ltd.		15,756		533,721
Hindalco Industries Ltd.		208,900		1,605,422
Hindustan Petroleum Corp. Ltd.		84,039		305,720
Hindustan Unilever Ltd.		107,456		3,107,446
Housing Development Finance Corp. Ltd.		227,132		7,178,689
ICICI Bank Ltd.		676,964		6,705,148
ICICI Lombard General Insurance Co. Ltd.^(b)		28,066		472,385
ICICI Prudential Life Insurance Co. Ltd.^(b)		48,500		309,842
Indian Oil Corp. Ltd.		232,534		356,915
Indian Railway Catering & Tourism Corp. Ltd.		33,290		361,227
Indraprastha Gas Ltd.		37,541		173,573
Indus Towers Ltd.^(a)		92,757		266,232
Info Edge India Ltd.		10,120		601,572
Infosys Ltd.		438,725		9,998,484
InterGlobe Aviation Ltd.^(a)(b)		12,416		310,821
ITC Ltd.		391,150		1,126,280
JSW Steel Ltd.		113,086		948,761
Jubilant Foodworks Ltd.		10,139		394,197
Kotak Mahindra Bank Ltd.		73,129		1,800,150
Larsen & Toubro Infotech Ltd.^(b)		7,082		553,507
Larsen & Toubro Ltd.		90,612		2,196,678
Lupin Ltd.		28,138		279,537
Mahindra & Mahindra Ltd.		115,213		1,216,264


Security	Shares		Value

India (continued)
Marico Ltd.		69,462	$	475,542
Maruti Suzuki India Ltd.		17,700		1,961,754
Mindtree Ltd.		8,526		442,422
Motherson Sumi Systems Ltd.		165,483		332,710
Motherson Sumi Wiring India Ltd.^(a)		165,483		102,060
Mphasis Ltd.		11,083		460,446
MRF Ltd.		219		191,626
Muthoot Finance Ltd.		16,435		297,760
Nestle India Ltd.		4,360		1,023,967
NTPC Ltd.		623,375		1,109,690
Oil & Natural Gas Corp. Ltd.		329,638		709,963
Page Industries Ltd.		741		417,104
Petronet LNG Ltd.		98,332		282,165
PI Industries Ltd.		11,704		385,195
Pidilite Industries Ltd.		20,512		656,623
Piramal Enterprises Ltd.		17,535		484,764
Power Grid Corp. of India Ltd.		406,101		1,130,795
Reliance Industries Ltd.		375,860		11,832,712
SBI Cards & Payment Services Ltd.^(a)		29,772		312,159
SBI Life Insurance Co. Ltd.^(b)		58,770		831,066
Shree Cement Ltd.		1,506		490,285
Shriram Transport Finance Co. Ltd.		28,318		425,648
Siemens Ltd.		10,416		325,862
SRF Ltd.		19,846		631,586
State Bank of India		237,807		1,536,282
Sun Pharmaceutical Industries Ltd.		108,126		1,214,625
Tata Consultancy Services Ltd.		119,088		5,641,404
Tata Consumer Products Ltd.		82,878		793,590
Tata Motors Ltd.^(a)		218,922		1,327,145
Tata Power Co. Ltd. (The)		197,806		589,861
Tata Steel Ltd.		95,074		1,556,716
Tech Mahindra Ltd.		82,674		1,556,570
Titan Co. Ltd.		46,634		1,583,993
Torrent Pharmaceuticals Ltd.		6,241		228,415
Trent Ltd.		26,285		388,734
UltraTech Cement Ltd.		13,567		1,187,408
United Spirits Ltd.^(a)		42,373		500,327
UPL Ltd.		67,458		599,531
Vedanta Ltd.		149,253		759,650
Wipro Ltd.		177,935		1,315,784
Yes Bank Ltd.^(a)		1,479,333		261,342
Zomato Ltd.^(a)		195,406		208,758


				122,350,378

Indonesia — 2.1%
Adaro Energy Tbk PT		1,838,800		315,044
Aneka Tambang Tbk		1,170,300		182,331
Astra International Tbk PT		2,639,200		1,070,288
Bank Central Asia Tbk PT		7,130,000		4,025,354
Bank Jago Tbk PT^(a)		536,800		607,265
Bank Mandiri Persero Tbk PT		2,396,000		1,295,376
Bank Negara Indonesia Persero Tbk PT		952,700		533,811
Bank Rakyat Indonesia Persero Tbk PT		8,939,177		2,858,392
Barito Pacific Tbk PT		4,128,700		257,446
Charoen Pokphand Indonesia Tbk PT		956,600		387,347
Gudang Garam Tbk PT		63,000		138,059
Indah Kiat Pulp & Paper Tbk PT		401,600		226,951
Indocement Tunggal Prakarsa Tbk PT		213,500		163,559
Indofood CBP Sukses Makmur Tbk PT		330,100		195,678
Indofood Sukses Makmur Tbk PT		574,700		248,574
Kalbe Farma Tbk PT		2,872,600		328,908


Security	Shares		Value

Indonesia (continued)
Merdeka Copper Gold Tbk PT^(a)		1,564,300	$	423,574
Sarana Menara Nusantara Tbk PT		3,034,600		219,445
Semen Indonesia Persero Tbk PT		405,500		204,831
Telkom Indonesia Persero Tbk PT		6,479,200		1,956,154
Tower Bersama Infrastructure Tbk PT		1,117,400		229,793
Unilever Indonesia Tbk PT		1,001,100		257,609
United Tractors Tbk PT		216,300		377,440


				16,503,229

Malaysia — 1.9%
AMMB Holdings Bhd^(a)		264,700		212,288
Axiata Group Bhd		393,700		368,522
CIMB Group Holdings Bhd		815,300		1,110,596
Dialog Group Bhd		527,378		355,302
DiGi.Com Bhd		449,100		434,169
Fraser & Neave Holdings Bhd		31,600		170,099
Genting Bhd		262,500		290,970
Genting Malaysia Bhd		394,200		282,136
HAP Seng Consolidated Bhd^(c)		115,100		207,802
Hartalega Holdings Bhd		233,700		257,162
Hong Leong Bank Bhd		81,200		388,742
Hong Leong Financial Group Bhd		45,500		209,375
IHH Healthcare Bhd		235,400		369,313
Inari Amertron Bhd		479,400		371,187
IOI Corp. Bhd		277,900		305,358
Kuala Lumpur Kepong Bhd		54,100		335,024
Malayan Banking Bhd		574,200		1,199,767
Malaysia Airports Holdings Bhd^(a)		128,756		188,603
Maxis Bhd		308,300		295,579
MISC Bhd		133,700		234,503
Nestle Malaysia Bhd		8,800		281,217
Petronas Chemicals Group Bhd		324,000		736,978
Petronas Dagangan Bhd		44,300		227,066
Petronas Gas Bhd		94,700		393,138
PPB Group Bhd		79,080		337,905
Press Metal Aluminium Holdings Bhd		430,300		700,000
Public Bank Bhd		1,888,650		2,005,832
QL Resources Bhd		225,850		266,275
RHB Bank Bhd		238,462		336,063
Sime Darby Bhd		313,700		169,881
Sime Darby Plantation Bhd		232,700		273,012
Telekom Malaysia Bhd		175,900		211,993
Tenaga Nasional Bhd		264,600		578,413
Top Glove Corp. Bhd		716,900		350,040
Westports Holdings Bhd		116,400		108,402


				14,562,712

Philippines — 1.0%
Aboitiz Equity Ventures Inc.		274,650		320,880
AC Energy Corp.		1,105,300		183,247
Ayala Corp.		35,380		586,561
Ayala Land Inc.		1,032,760		787,310
Bank of the Philippine Islands		194,902		380,918
BDO Unibank Inc.		266,559		675,504
Globe Telecom Inc.		3,555		178,628
GT Capital Holdings Inc.		14,680		166,247
International Container Terminal Services Inc.		134,460		552,317
JG Summit Holdings Inc.		413,565		488,483
Jollibee Foods Corp.		63,150		296,843
Manila Electric Co.		34,320		246,956
Metro Pacific Investments Corp.		1,717,400		129,956


Security	Shares		Value

Philippines (continued)
Metropolitan Bank & Trust Co.		256,532	$	285,703
Monde Nissin Corp.^(a)(b)		576,400		185,725
PLDT Inc.		9,760		342,466
SM Investments Corp.		32,444		564,464
SM Prime Holdings Inc.		1,288,550		1,005,702
Universal Robina Corp.		133,730		313,002


				7,690,912

South Korea — 14.8%
Alteogen Inc.^(a)		3,883		174,892
Amorepacific Corp.		4,205		649,087
AMOREPACIFIC Group.		5,136		209,839
BGF retail Co. Ltd.		1,344		190,400
Celltrion Healthcare Co. Ltd.		11,616		617,827
Celltrion Inc.		12,977		1,732,168
Celltrion Pharm Inc.^(a)		2,290		168,493
Cheil Worldwide Inc.		10,533		198,041
CJ CheilJedang Corp.		1,042		330,059
CJ Corp.		1,895		133,494
CJ ENM Co. Ltd.		1,511		164,886
CJ Logistics Corp.^(a)		970		100,571
Coway Co. Ltd.		7,828		470,140
DB Insurance Co. Ltd.		6,258		321,657
Doosan Bobcat Inc.		7,521		241,386
Doosan Heavy Industries & Construction Co. Ltd.^(a)		47,192		827,447
Douzone Bizon Co. Ltd.		144		5,831
Ecopro BM Co. Ltd.		1,514		479,108
E-MART Inc.		2,531		276,017
F&F Co. Ltd./New^(a)		456		340,832
Green Cross Corp.		741		112,749
GS Engineering & Construction Corp.		8,943		321,403
GS Holdings Corp.		5,351		178,932
Hana Financial Group Inc.		39,603		1,608,984
Hankook Tire & Technology Co. Ltd.		9,842		289,977
Hanmi Pharm Co. Ltd.^(a)		953		211,090
Hanon Systems		27,085		262,297
Hanwha Solutions Corp.^(a)		16,791		477,360
HLB Inc.^(a)		12,779		334,827
HMM Co. Ltd.^(a)		35,522		860,459
Hotel Shilla Co. Ltd.		4,503		304,344
HYBE Co. Ltd.^(a)		2,260		549,147
Hyundai Engineering & Construction Co. Ltd.		10,509		382,866
Hyundai Glovis Co. Ltd.		2,352		346,956
Hyundai Heavy Industries Holdings Co. Ltd.		6,508		280,230
Hyundai Mobis Co. Ltd.		8,621		1,618,730
Hyundai Motor Co.		18,233		2,682,926
Hyundai Steel Co.		11,227		374,430
Iljin Materials Co. Ltd.		3,191		244,260
Industrial Bank of Korea		34,774		312,394
Kakao Corp.		41,128		3,257,205
Kakao Games Corp.^(a)		4,131		256,666
KakaoBank Corp.^(a)		12,277		495,667
Kangwon Land Inc.^(a)		12,560		279,359
KB Financial Group Inc.		52,031		2,566,920
Kia Corp.		34,618		2,146,154
Korea Aerospace Industries Ltd.^(a)		9,769		303,932
Korea Electric Power Corp.^(a)		31,261		605,817
Korea Investment Holdings Co. Ltd.^(a)		5,341		354,830
Korea Shipbuilding & Offshore Engineering Co. Ltd.^(a)		5,353		396,850
Korea Zinc Co. Ltd.		1,126		516,429
Korean Air Lines Co. Ltd.^(a)		23,226		572,217


Security	Shares		Value

South Korea (continued)
Krafton Inc.^(a)		2,837	$	703,816
KT&G Corp.		14,805		984,185
Kumho Petrochemical Co. Ltd.^(a)		2,351		317,175
L&F Co. Ltd.^(a)		3,136		515,983
LG Chem Ltd.		6,068		2,879,534
LG Corp.		11,627		730,759
LG Display Co. Ltd.		30,172		474,497
LG Electronics Inc.		14,117		1,473,763
LG Energy Solution^(a)		2,782		953,287
LG Household & Health Care Ltd.		1,251		992,598
LG Innotek Co. Ltd.		1,960		541,063
LG Uplus Corp.		25,500		280,101
Lotte Chemical Corp.		2,158		397,719
Lotte Shopping Co. Ltd.		1,604		114,610
Meritz Financial Group Inc.		5,100		156,306
Meritz Fire & Marine Insurance Co. Ltd.		5,800		198,262
Meritz Securities Co. Ltd.		44,627		218,537
Mirae Asset Securities Co. Ltd.		33,302		245,748
NAVER Corp.		16,191		4,314,209
NCSoft Corp.		2,116		783,861
Netmarble Corp.^(b)		2,932		251,941
NH Investment & Securities Co. Ltd.^(a)		20,365		197,071
Orion Corp./Republic of Korea		3,562		272,579
Pan Ocean Co. Ltd.		37,966		209,511
Pearl Abyss Corp.^(a)		3,921		314,476
POSCO		9,442		2,246,476
POSCO Chemical Co. Ltd.		4,118		394,460
S-1 Corp.		2,483		144,544
Samsung Biologics Co. Ltd.^(a)(b)		2,257		1,468,298
Samsung C&T Corp.		10,603		979,247
Samsung Electro-Mechanics Co. Ltd.		7,280		1,017,804
Samsung Electronics Co. Ltd.		626,936		37,775,011
Samsung Engineering Co. Ltd.^(a)		20,921		408,693
Samsung Fire & Marine Insurance Co. Ltd.		3,939		626,382
Samsung Heavy Industries Co. Ltd.^(a)		85,932		418,899
Samsung Life Insurance Co. Ltd.		8,304		415,196
Samsung SDI Co. Ltd.		7,251		3,341,551
Samsung SDS Co. Ltd.		4,164		488,846
Samsung Securities Co. Ltd.		7,681		272,229
SD Biosensor Inc.		5,550		252,031
Seegene Inc.		4,975		213,229
Shinhan Financial Group Co. Ltd.		55,439		1,803,749
SK Biopharmaceuticals Co. Ltd.^(a)		3,453		245,094
SK Bioscience Co. Ltd.^(a)		3,094		378,887
SK Chemicals Co. Ltd.		1,580		165,976
SK Hynix Inc.		72,263		7,533,743
SK IE Technology Co. Ltd.^(a)(b)		3,483		361,735
SK Inc.		5,594		1,068,510
SK Innovation Co. Ltd.^(a)		6,744		1,138,495
SK Square Co. Ltd.^(a)		12,325		571,992
SK Telecom Co. Ltd.		3,329		151,913
SKC Co. Ltd.		2,889		335,973
S-Oil Corp.		6,024		429,026
Woori Financial Group Inc.		64,673		773,592
Yuhan Corp.		6,019		292,452


				115,374,206

Taiwan — 20.5%
Accton Technology Corp.		68,000		616,663
Acer Inc.		402,062		417,271
Advantech Co. Ltd.		54,604		719,053


Security	Shares		Value

Taiwan (continued)
Airtac International Group.		18,161	$	604,073
ASE Technology Holding Co. Ltd.		449,484		1,624,573
Asia Cement Corp.		255,229		412,515
ASMedia Technology Inc.		4,000		247,633
Asustek Computer Inc.		91,000		1,213,983
AU Optronics Corp.		1,119,000		837,769
Catcher Technology Co. Ltd.		78,000		400,359
Cathay Financial Holding Co. Ltd.		1,046,624		2,353,476
Chailease Holding Co. Ltd.		175,443		1,592,235
Chang Hwa Commercial Bank Ltd.		543,212		344,877
Cheng Shin Rubber Industry Co. Ltd.		251,776		322,097
China Development Financial Holding Corp.		1,994,400		1,365,794
China Steel Corp.		1,580,867		2,055,687
Chunghwa Telecom Co. Ltd.		479,000		2,128,971
Compal Electronics Inc.		535,000		487,391
CTBC Financial Holding Co. Ltd.		2,426,265		2,371,619
Delta Electronics Inc.		262,000		2,334,972
E Ink Holdings Inc.		81,000		436,533
E.Sun Financial Holding Co Ltd.		1,607,974		1,699,713
Eclat Textile Co. Ltd.		25,604		530,724
eMemory Technology Inc.		9,000		607,385
Evergreen Marine Corp. Taiwan Ltd.		342,867		1,801,168
Far Eastern New Century Corp.		226,460		240,057
Far EasTone Telecommunications Co. Ltd.		165,000		408,100
Feng TAY Enterprise Co. Ltd.		57,564		429,103
First Financial Holding Co. Ltd.		1,359,236		1,251,499
Formosa Chemicals & Fibre Corp.		450,950		1,278,476
Formosa Petrochemical Corp.		139,000		488,944
Formosa Plastics Corp.		517,400		1,953,710
Foxconn Technology Co. Ltd.		127,521		293,522
Fubon Financial Holding Co. Ltd.		1,010,570		2,728,604
Giant Manufacturing Co. Ltd.		42,000		436,036
Globalwafers Co. Ltd.		30,000		742,573
Hiwin Technologies Corp.		36,453		348,038
Hon Hai Precision Industry Co. Ltd.		1,664,651		6,183,443
Hotai Motor Co. Ltd.		41,000		928,299
Hua Nan Financial Holdings Co. Ltd.		1,178,941		934,818
Innolux Corp.		1,290,620		785,360
Inventec Corp.		340,980		314,895
Largan Precision Co. Ltd.		13,000		944,746
Lite-On Technology Corp.		288,032		708,236
MediaTek Inc.		204,176		8,068,184
Mega Financial Holding Co. Ltd.		1,428,542		1,925,105
Micro-Star International Co. Ltd.		92,000		518,583
momo.com Inc.		6,000		213,594
Nan Ya Plastics Corp.		702,090		2,214,392
Nan Ya Printed Circuit Board Corp.		31,000		593,638
Nanya Technology Corp.		174,000		487,270
Nien Made Enterprise Co. Ltd.		26,000		337,058
Novatek Microelectronics Corp.		77,000		1,276,542
Oneness Biotech Co. Ltd.^(a)		30,000		264,848
Parade Technologies Ltd.		10,000		690,417
Pegatron Corp.		248,000		614,682
Pou Chen Corp.		268,000		309,061
President Chain Store Corp.		72,000		672,805
Quanta Computer Inc.		354,000		1,183,739
Realtek Semiconductor Corp.		63,140		1,041,050
Ruentex Development Co. Ltd.		167,921		433,576
Shanghai Commercial & Savings Bank Ltd/The		488,980		805,471
Shin Kong Financial Holding Co. Ltd.		1,510,033		612,371


Security	Shares		Value

Taiwan (continued)
SinoPac Financial Holdings Co. Ltd.		1,367,699	$	839,851
Synnex Technology International Corp.		183,050		473,910
Taishin Financial Holding Co. Ltd.		1,445,445		1,013,004
Taiwan Cement Corp.		684,182		1,161,483
Taiwan Cooperative Financial Holding Co. Ltd.		1,318,510		1,250,849
Taiwan High Speed Rail Corp.		213,000		225,433
Taiwan Mobile Co. Ltd.		195,000		721,089
Taiwan Semiconductor Manufacturing Co. Ltd.		3,254,000		69,959,556
Unimicron Technology Corp.		161,000		1,496,945
Uni-President Enterprises Corp.		615,650		1,481,188
United Microelectronics Corp.		1,592,000		2,999,887
Vanguard International Semiconductor Corp.		127,000		576,372
Voltronic Power Technology Corp.		8,000		415,466
Wan Hai Lines Ltd.		80,000		544,916
Win Semiconductors Corp.		47,000		514,543
Winbond Electronics Corp.		430,000		517,845
Wiwynn Corp.		11,000		392,872
WPG Holdings Ltd.		105,320		210,188
Yageo Corp.		57,151		937,662
Yang Ming Marine Transport Corp.^(a)		236,000		997,453
Yuanta Financial Holding Co. Ltd.		1,089,648		973,374
Zhen Ding Technology Holding Ltd.		89,455		296,703


				159,187,968

Thailand — 2.4%
Advanced Info Service PCL, NVDR		155,400		1,093,910
Airports of Thailand PCL, NVDR^(a)		532,200		1,051,485
Bangkok Dusit Medical Services PCL, NVDR		1,321,600		960,887
Bangkok Expressway & Metro PCL, NVDR		1,086,300		297,018
Berli Jucker PCL, NVDR		203,100		208,841
BTS Group Holdings PCL, NVDR		1,253,100		365,279
Bumrungrad Hospital PCL, NVDR		75,600		356,250
Central Pattana PCL, NVDR		279,200		474,788
Central Retail Corp. PCL, NVDR		295,874		347,903
Charoen Pokphand Foods PCL, NVDR		468,900		363,311
CP ALL PCL, NVDR		747,100		1,560,853
Delta Electronics Thailand PCL, NVDR		37,700		472,015
Electricity Generating PCL, NVDR		46,200		254,487
Energy Absolute PCL, NVDR		201,600		589,204
Global Power Synergy PCL, NVDR		120,100		277,237
Gulf Energy Development PCL, NVDR		413,200		642,415
Home Product Center PCL, NVDR		883,349		413,653
Indorama Ventures PCL, NVDR		257,100		356,199
Intouch Holdings PCL, NVDR		161,100		374,614
Krung Thai Bank PCL, NVDR		581,850		250,328
Krungthai Card PCL, NVDR		79,400		153,697
Land & Houses PCL, NVDR		1,246,400		367,067
Minor International PCL, NVDR^(a)		421,480		399,162
Muangthai Capital PCL, NVDR		136,400		216,036
PTT Exploration & Production PCL, NVDR		181,210		762,940
PTT Global Chemical PCL, NVDR		323,400		527,034
PTT Oil & Retail Business PCL, NVDR		372,800		295,410
PTT PCL, NVDR		1,307,100		1,591,092
Ratch Group PCL, NVDR		150,600		212,380
SCG Packaging PCL, NVDR		194,800		366,402
Siam Cement PCL (The), NVDR		103,200		1,241,974
Siam Commercial Bank PCL (The), NVDR		113,800		439,752
Srisawad Corp. PCL, NVDR		120,000		213,038
Thai Oil PCL, NVDR		169,300		281,441
Thai Union Group PCL, NVDR		423,300		264,279


Security	Shares		Value

Thailand (continued)
True Corp. PCL, NVDR		1,768,705	$	271,880


				18,314,261


Total Common Stocks — 99.0% (Cost: $688,055,846)				770,262,510


Preferred Stocks

South Korea — 0.9%
Hyundai Motor Co.
Preference Shares, NVS		2,965		217,473
Series 2, Preference Shares, NVS		4,992		369,286
LG Chem Ltd., Preference Shares, NVS		968		219,397
LG Household & Health Care Ltd., Preference Shares, NVS		300		131,492
Samsung Electronics Co. Ltd., Preference Shares, NVS		108,883		6,017,689


				6,955,337


Total Preferred Stocks — 0.9% (Cost: $7,143,970)				6,955,337


Rights

South Korea — 0.0%
Samsung Biologics Co. Ltd. (Expires 04/08/22)^(a)		150		17,411


Total Rights — 0.0% (Cost: $0)				17,411


Security	Shares		Value

Short-Term Investments

Money Market Funds — 1.4%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.09%^(e)(f)(g)		8,608,344	$	8,610,066
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.03%^(e)(f)		2,100,000		2,100,000


				10,710,066


Total Short-Term Investments — 1.4% (Cost: $10,708,637)				10,710,066


Total Investments in Securities — 101.3% (Cost: $705,908,453)				787,945,324

Other Assets, Less Liabilities — (1.3)%				(9,928,955	)


Net Assets — 100.0%			$	778,016,369

^(a)

Non-income producing security.

^(b)

^(c)

All or a portion of this security is on loan.

^(d)

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(e)

Affiliate of the Fund.

^(f)

Annualized 7-day yield as of period end.

^(g)

All or a portion of this security was purchased with the cash collateral from loaned securities.

As of period end, the fair values of derivative financial instruments located in the Statements of Assets and Liabilities were as follows:

For the period ended February 28, 2022, the effect of derivative financial instruments in the Statements of Operations was as follows:

For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Financial Statements.


Security	Shares		Value

Common Stocks

Brazil — 5.2%
3R Petroleum Oleo E Gas SA^(a)		59,094	$	391,638
Aeris Industria E Comercio De Equipamentos Para Geracao De Energia SA^(a)		147,771		161,822
AES Brasil Energia SA		98,624		219,381
Aliansce Sonae Shopping Centers SA		53,649		228,786
Alupar Investimento SA		44,594		222,599
Ambipar Participacoes e Empreendimentos S/A		19,564		128,957
Anima Holding SA^(a)		145,658		201,832
Arezzo Industria e Comercio SA		20,100		315,182
Armac Locacao Logistica E Servicos SA		49,111		144,943
Boa Vista Servicos SA		161,336		160,686
BR Malls Participacoes SA^(a)		288,100		522,226
BR Properties SA		69,309		100,738
C&A Modas Ltda^(a)		104,587		104,154
Cia Brasileira de Aluminio^(a)		54,136		206,717
Cia Brasileira de Distribuicao		60,300		276,462
Cia Paranaense de Energia		32,562		220,011
Cia. de Locacao das Americas, NVS		126,027		614,947
Cia. de Saneamento de Minas Gerais-COPASA		70,082		192,436
Cia. de Saneamento do Parana		59,362		231,983
Cielo SA, NVS		618,745		307,899
CM Hospitalar SA		43,483		140,785
Cogna Educacao^(a)		961,651		421,936
Cyrela Brazil Realty SA Empreendimentos e Participacoes, NVS		109,009		318,281
Dexco SA		132,660		353,452
EcoRodovias Infraestrutura e Logistica SA^(a)		168,237		210,750
EDP - Energias do Brasil SA		90,179		362,118
Embraer SA^(a)		258,821		881,439
Enauta Participacoes SA		38,793		130,060
Eneva SA^(a)		252,389		656,006
Ez Tec Empreendimentos e Participacoes SA		49,781		167,831
Fleury SA		69,345		240,698
GPS Participacoes e Empreendimentos SA^(b)		100,366		294,226
Grendene SA		131,119		212,263
GRUPO DE MODA SOMA SA^(a)		162,066		407,169
Grupo Mateus SA^(a)		211,117		243,235
Grupo SBF SA^(a)		40,200		177,484
Guararapes Confeccoes SA		34,550		81,087
Iguatemi SA^(a)		46,416		171,357
Instituto Hermes Pardini SA		22,780		81,341
Intelbras SA Industria de Telecomunicacao Eletronica Brasileira		27,068		174,629
Iochpe Maxion SA, NVS		47,017		118,500
IRB Brasil Resseguros S/A^(a)		591,208		348,823
JHSF Participacoes SA		111,868		118,754
LOG Commercial Properties e Participacoes SA		20,172		107,937
Lojas Quero Quero S/A		91,053		141,322
M. Dias Branco SA		30,887		136,405
Mahle-Metal Leve SA		16,951		88,125
Marfrig Global Foods SA		143,581		617,891
Minerva SA		102,376		215,468
Movida Participacoes SA		53,600		169,284
MRV Engenharia e Participacoes SA		114,012		262,055
Multiplan Empreendimentos Imobiliarios SA, NVS		110,215		468,503
Odontoprev SA		100,500		224,002
Omega Energia SA^(a)		114,414		240,523
Pet Center Comercio e Participacoes SA		105,391		355,236


Security	Shares		Value

Brazil (continued)
Qualicorp Consultoria e Corretora de Seguros SA		82,812	$	205,598
Santos Brasil Participacoes SA, NVS		201,112		250,889
Sao Martinho SA		68,854		532,281
Sendas Distribuidora SA		302,505		787,438
Sequoia Logistica e Transportes SA^(a)		50,786		146,431
SIMPAR SA		109,023		221,433
SLC Agricola SA		39,945		339,344
Smartfit Escola de Ginastica e Danca SA^(a)		99,699		355,104
Sul America SA		103,046		701,895
Transmissora Alianca de Energia Eletrica SA		64,870		497,101
Tupy SA		26,800		95,529
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA		108,339		230,497
Via S/A^(a)		446,454		327,104
Vivara Participacoes SA		40,200		203,422
YDUQS Participacoes SA		127,970		525,146


				19,711,586

Chile — 0.6%
Aguas Andinas SA, Class A		930,094		196,171
CAP SA		27,001		312,214
Cencosud Shopping SA		239,257		256,860
Colbun SA		3,290,906		239,653
Empresa Nacional de Telecomunicaciones SA		52,528		195,205
Engie Energia Chile SA		228,923		138,923
Itau CorpBanca Chile SA^(a)		105,386,858		206,797
Parque Arauco SA^(a)		209,576		209,154
Plaza SA		173,492		186,508
Vina Concha y Toro SA		160,398		235,620


				2,177,105

China — 8.7%
361 Degrees International Ltd.^(a)		335,000		164,696
Anxin-China Holdings Ltd.^(a)(c)		1,084,000		1
Asia Cement China Holdings Corp.		290,000		181,288
Baozun Inc., ADR^(a)(d)		20,301		213,770
Beijing Gas Blue Sky Holdings Ltd.^(a)(c)		2,912,000		22,474
Beijing Jingneng Clean Energy Co. Ltd., Class H		536,000		163,717
Beijing Tong Ren Tang Chinese Medicine Co. Ltd.^(d)		134,000		185,878
Binjiang Service Group Co. Ltd.		41,000		122,093
BOE Varitronix Ltd., Class A		134,000		156,453
Boshiwa International Holding Ltd.^(a)(c)		32,000		—
Burning Rock Biotech Ltd., ADR^(a)		31,356		264,331
C&D International Investment Group Ltd.		163,000		303,121
Canvest Environmental Protection Group Co. Ltd.		335,000		163,061
Central China Management Co. Ltd.		670,000		89,804
Central China New Life Ltd.^(a)		469,000		286,324
CGN New Energy Holdings Co. Ltd.^(d)		484,000		322,120
Changsha Broad Homes Industrial Group Co Ltd., Class H^(a)(b)(d)		80,400		113,083
China Animal Healthcare Ltd.^(a)(c)		126,000		—
China Aoyuan Group Ltd.		603,000		100,511
China BlueChemical Ltd., Class H		938,000		280,866
China Datang Corp. Renewable Power Co. Ltd., Class H^(d)		871,000		330,063
China Dongxiang Group Co. Ltd.		1,876,000		141,637
China Everbright Greentech Ltd.^(b)		536,000		177,175
China Everbright Ltd.		402,000		442,720
China Foods Ltd.		536,000		231,009
China Harmony Auto Holding Ltd.		368,500		174,003


Security	Shares		Value

China (continued)
China High Speed Transmission Equipment Group Co. Ltd.^(a)(d)		225,000	$	170,704
China Huiyuan Juice Group Ltd.^(a)(c)		379,000		—
China Isotope & Radiation Corp.^(d)		33,800		99,480
China Lilang Ltd.		201,000		111,657
China Logistics Property Holdings Co. Ltd.^(a)(b)		402,000		222,745
China Lumena New Materials Corp.^(a)(c)(d)		5,249		—
China Metal Recycling Holdings Ltd.^(a)(c)		12,000		—
China Modern Dairy Holdings Ltd.		1,742,000		321,924
China Oriental Group Co. Ltd.		670,000		194,755
China Overseas Grand Oceans Group Ltd.		682,000		393,442
China Renaissance Holdings Ltd.^(a)(b)		127,300		189,938
China Shineway Pharmaceutical Group Ltd.		167,000		136,770
China South City Holdings Ltd.		2,546,000		212,532
China Tobacco International HK Co. Ltd.		94,000		175,775
China Travel International Investment Hong Kong Ltd.^(a)		1,074,000		210,956
China Water Affairs Group Ltd.^(d)		288,000		318,172
China Youran Dairy Group Ltd.^(a)(b)		402,000		218,747
China Zhongwang Holdings Ltd.^(a)(c)(d)		696,800		109,572
CIMC Enric Holdings Ltd.		268,000		320,548
CMGE Technology Group Ltd.^(a)(d)		602,000		212,868
COFCO Joycome Foods Ltd.^(a)(d)		938,000		409,217
Concord New Energy Group Ltd.		2,680,000		251,318
Cosmopolitan International Holdings Ltd.^(a)		938,000		161,763
CPMC Holdings Ltd.		335,000		185,262
CStone Pharmaceuticals^(a)(b)		435,500		361,017
Dexin China Holdings Co. Ltd.^(a)		670,000		247,780
Differ Group Holding Co. Ltd.^(a)(d)		1,120,000		345,799
Digital China Holdings Ltd.		466,000		254,397
DouYu International Holdings Ltd., ADR^(a)(d)		47,101		97,028
EHang Holdings Ltd., ADR^(a)(d)		20,100		298,686
Everest Medicines Ltd.^(a)(b)(d)		100,500		310,491
Excellence Commercial Property & Facilities Management Group Ltd.^(a)		402,000		240,962
FIH Mobile Ltd., NVS^(a)(d)		1,340,000		197,682
FinVolution Group, ADR		39,664		161,432
Fu Shou Yuan International Group Ltd.		636,000		471,455
Fufeng Group Ltd.^(a)		670,400		251,014
Ganglong China Property Group Ltd.^(d)		278,000		167,562
Gaotu Techedu Inc., ADR^(a)(d)		41,138		71,992
GCL New Energy Holdings Ltd.^(a)		8,308,000		183,709
Gemdale Properties & Investment Corp. Ltd., NVS		3,268,000		359,645
Genertec Universal Medical Group Co. Ltd.^(b)		469,000		331,477
Grand Pharmaceutical Group Ltd., Class A		502,500		397,634
Greatview Aseptic Packaging Co. Ltd.		335,000		119,174
Greentown Management Holdings Co. Ltd.^(b)		201,000		163,896
Haichang Ocean Park Holdings Ltd.^(a)(b)		503,000		185,636
Hangzhou Steam Turbine Co. Ltd., Class B		107,280		204,275
Harbin Electric Co. Ltd., Class H		268,000		94,705
Hi Sun Technology China Ltd.^(a)		1,005,000		127,476
Hua Han Health Industry Holdings Ltd.^(a)(c)		1,112,400		1
Hua Medicine^(a)(b)		402,000		195,480
Huanxi Media Group Ltd.^(a)(d)		1,070,000		201,024
HUYA Inc., ADR^(a)(d)		27,202		142,810
iDreamSky Technology Holdings Ltd.^(a)(b)		241,200		174,368
Inner Mongolia Yitai Coal Co. Ltd., Class B		415,400		400,178
IVD Medical Holding Ltd.		402,000		170,700
JH Educational Technology Inc.^(a)		268,000		113,859
Jiayuan International Group Ltd.		536,000		169,868
Jinchuan Group International Resources Co. Ltd.		1,340,000		239,429


Security	Shares		Value

China (continued)
JinkoSolar Holding Co. Ltd., ADR^(a)(d)		15,611	$	790,073
JNBY Design Ltd.		100,500		135,666
Joy Spreader Group Inc.^(a)(d)		737,000		215,749
Kangji Medical Holdings Ltd.^(d)		234,500		234,965
Lifetech Scientific Corp., NVS^(a)		1,474,000		584,972
Lonking Holdings Ltd.		950,000		253,199
Luoyang Glass Co. Ltd., Class H, NVS^(a)		134,000		231,972
Luye Pharma Group Ltd., NVS^(a)(b)		837,500		338,328
LVGEM China Real Estate Investment Co. Ltd.^(a)(d)		1,000,000		171,474
Maoyan Entertainment^(a)(b)		263,600		288,084
Meitu Inc.^(a)(b)(d)		1,038,500		167,462
MH Development Ltd.^(a)(c)		164,000		10,476
Midea Real Estate Holding Ltd.^(b)		268,000		392,692
Mobvista Inc.^(a)(b)(d)		268,000		215,638
National Agricultural Holdings Ltd.^(a)(c)(d)		354,000		453
NetDragon Websoft Holdings Ltd.		115,500		259,004
New Horizon Health Ltd.^(a)(b)		67,000		251,384
Newborn Town Inc.^(a)		268,000		151,184
Nexteer Automotive Group Ltd.^(d)		402,000		402,635
Poly Property Group Co. Ltd.		750,000		203,465
Pou Sheng International Holdings Ltd.^(a)		1,102,000		162,850
Powerlong Commercial Management Holdings Ltd.		91,500		160,130
Q Technology Group Co. Ltd.^(d)		284,000		268,204
Radiance Holdings Group Co. Ltd.^(a)(d)		268,000		148,153
Redco Properties Group Ltd.^(b)(d)		522,000		142,948
ReneSola Ltd., ADR^(a)(d)		35,349		212,447
Road King Infrastructure Ltd.		134,000		127,492
Shanghai Industrial Holdings Ltd.		201,000		305,566
Shanghai Jin Jiang Capital Co. Ltd., Class H		536,000		203,711
Shoucheng Holdings Ltd.		933,200		154,369
Shougang Fushan Resources Group Ltd.		804,000		265,855
Shui On Land Ltd.		1,409,500		205,866
Sino-Ocean Group Holding Ltd.		1,072,000		230,584
Sinopec Engineering Group Co. Ltd., Class H		626,000		299,469
Sinopec Kantons Holdings Ltd.		402,000		150,466
Skyfame Realty Holdings Ltd.		1,742,000		189,479
Skyworth Group Ltd.^(a)(d)		584,000		329,918
SOHO China Ltd.^(a)		1,005,000		204,483
Sohu.com Ltd., ADR^(a)(d)		11,055		202,749
SSY Group Ltd.^(d)		670,000		312,884
Sun King Technology Group Ltd.		442,000		180,234
Superb Summit International Group Ltd.^(a)(c)		11,913		4
SY Holdings Group Ltd.		220,000		204,387
TCL Electronics Holdings Ltd.		670,000		314,088
Tian Lun Gas Holdings Ltd.		167,500		138,518
Tiangong International Co. Ltd.^(d)		536,000		252,975
Tianjin Port Development Holdings Ltd.		806,000		64,942
Tianli Education International Holdings Ltd.^(a)(c)		455,000		90,245
Tianneng Power International Ltd.^(d)		296,000		271,547
Tong Ren Tang Technologies Co. Ltd., Class H		268,000		231,938
Tongdao Liepin Group^(a)		80,400		193,423
Towngas Smart Energy Co. Ltd.^(a)		402,000		285,620
Truly International Holdings Ltd.		670,000		232,482
Untrade SMI Holdings^(a)(c)		468,800		1
Up Fintech Holding Ltd., ADR^(a)(d)		64,639		291,522
Uxin Ltd., ADR^(a)(d)		242,607		249,885
Vnet Group Inc., ADR^(a)		34,180		268,997
West China Cement Ltd.		938,000		161,030
Wuling Motors Holdings Ltd.^(d)		670,000		100,977
Xtep International Holdings Ltd.		469,000		778,107


Security	Shares		Value

China (continued)
Yeahka Ltd.^(a)		114,800	$	317,324
Yixin Group Ltd.^(a)(b)		1,440,500		216,162
Youdao Inc., ADR^(a)(d)		22,981		272,555
Yuexiu REIT		804,000		327,172
Yuexiu Transport Infrastructure Ltd		402,000		249,495
Zhaojin Mining Industry Co. Ltd., Class H		402,000		354,731
Zhengzhou Coal Mining Machinery Group Co. Ltd., Class H		134,000		140,687
Zhenro Properties Group Ltd.^(d)		603,000		51,916
Zhou Hei Ya International Holdings Co. Ltd.^(a)(b)(d)		402,000		268,579
Zhuguang Holdings Group Co. Ltd.		670,000		130,320


				32,927,345

Colombia — 0.2%
Cementos Argos SA		177,791		274,115
Corp. Financiera Colombiana SA^(a)		33,768		237,585
Grupo Argos SA		112,225		367,717


				879,417

Czech Republic — 0.0%
Philip Morris CR AS		134		96,739


Egypt — 0.3%
Cairo Investment & Real Estate Development Co. SAE		105,860		74,793
Cleopatra Hospital^(a)		470,267		141,437
Egyptian Financial Group-Hermes Holding Co.^(a)		231,708		256,052
EISewedy Electric Co.		267,345		141,557
Heliopolis Housing		145,350		46,008
Juhayna Food Industries		208,550		82,524
Palm Hills Developments SAE, NVS		487,050		46,893
Talaat Moustafa Group		296,550		177,105
Telecom Egypt Co.		105,650		119,108


				1,085,477

Greece — 0.9%
Aegean Airlines SA^(a)		16,104		104,312
Athens Water Supply & Sewage Co. SA		17,008		137,353
GEK Terna Holding Real Estate Construction SA^(a)		18,832		183,311
Hellenic Petroleum Holdings SA		15,460		122,431
Holding Co. ADMIE IPTO SA		43,270		115,341
LAMDA Development SA^(a)		27,750		209,202
Motor Oil Hellas Corinth Refineries SA		20,806		333,846
Mytilineos SA		36,046		580,783
National Bank of Greece SA^(a)		186,930		693,337
Piraeus Financial Holdings SA^(a)		266,995		422,854
Sarantis SA		15,003		122,004
Terna Energy SA		15,095		218,812
Titan Cement International SA^(a)		13,350		194,592


				3,438,178

Hungary — 0.1%
Magyar Telekom Telecommunications PLC		185,121		232,639


India — 21.1%
3M India Ltd.^(a)		1,139		321,771
Aarti Drugs Ltd.		10,720		65,006
Aarti Industries Ltd.		70,216		867,521
Aavas Financiers Ltd.^(a)		15,416		574,834
Adani Power Ltd.^(a)		286,559		477,067
Aditya Birla Capital Ltd.^(a)		174,870		246,735
Aditya Birla Fashion and Retail Ltd.^(a)		117,049		420,466
Advanced Enzyme Technologies Ltd.		21,574		91,989
Aegis Logistics Ltd.		57,419		129,491
Affle India Ltd.^(a)		22,110		361,185


Security	Shares		Value

India (continued)
AIA Engineering Ltd.		17,219	$	372,000
Ajanta Pharma Ltd.		10,586		242,663
Alembic Pharmaceuticals Ltd.		21,239		205,226
Alkyl Amines Chemicals		4,824		193,346
Allcargo Logistics Ltd.		27,939		120,032
Alok Industries Ltd.^(a)		455,399		146,857
Amara Raja Batteries Ltd.		32,897		246,075
Amber Enterprises India Ltd.^(a)		6,767		313,693
Angel One Ltd.		9,179		163,849
APL Apollo Tubes Ltd.^(a)		42,064		479,361
Apollo Tyres Ltd.		121,873		300,789
Ashok Leyland Ltd., NVS		528,764		838,166
Aster DM Healthcare Ltd.^(a)(b)		57,486		131,129
Astral Ltd.		32,941		853,783
AstraZeneca Pharma India Ltd.		2,010		69,613
Atul Ltd.		5,628		694,543
AU Small Finance Bank Ltd.^(a)(b)		28,877		463,911
Avanti Feeds Ltd.		27,269		174,047
Bajaj Consumer Care Ltd.		46,096		99,608
Bajaj Electricals Ltd.^(a)		17,085		261,081
Balaji Amines Ltd., NVS		3,752		143,193
Balrampur Chini Mills Ltd.		51,427		272,843
BASF India Ltd.		3,990		146,326
Bata India Ltd.		19,765		477,884
Bayer CropScience Ltd./India		5,293		310,382
BEML Ltd.		6,164		128,464
Bharat Heavy Electricals Ltd.^(a)		324,950		216,722
Birla Corp. Ltd.		10,117		147,829
Birlasoft Ltd.		56,146		306,059
Blue Dart Express Ltd.		2,077		165,991
Blue Star Ltd.		22,378		319,046
Borosil Renewables Ltd.^(a)		18,425		144,365
Brigade Enterprises Ltd.		34,505		228,575
Brightcom Group Ltd.		131,186		208,581
Brookfield India Real Estate Trust^(b)		49,890		201,567
BSE Ltd.		8,844		231,863
Can Fin Homes Ltd.		22,914		177,738
Canara Bank^(a)		131,923		387,599
Carborundum Universal Ltd.		39,932		428,510
Castrol India Ltd.		157,048		225,951
CCL Products India Ltd.		26,599		159,025
Ceat Ltd.		7,236		94,238
Central Depository Services India Ltd.		18,157		328,872
Century Plyboards India Ltd.		17,755		141,154
Century Textiles & Industries Ltd.		22,780		233,124
CESC Ltd.		218,420		227,817
CG Power and Industrial Solutions Ltd.^(a)		196,377		450,055
Chambal Fertilizers and Chemicals Ltd.		66,196		334,035
Cholamandalam Financial Holdings Ltd.		37,855		324,529
City Union Bank Ltd.		123,146		205,477
Clean Science and Technology^(a)		9,514		232,618
Coforge Ltd.		7,638		462,343
Computer Age Management Services Ltd.		10,251		341,405
Coromandel International Ltd.		40,401		416,325
CreditAccess Grameen Ltd.^(a)		20,502		204,933
CRISIL Ltd.		5,762		221,198
Crompton Greaves Consumer Electricals Ltd.		192,156		1,099,016
Cummins India Ltd.		44,890		573,427
Cyient Ltd.		33,366		364,241
Dalmia Bharat Ltd.		27,805		580,655


Security	Shares		Value

India (continued)
Deepak Nitrite Ltd.		25,661	$	685,686
Devyani International Ltd.^(a)		90,115		186,618
Dhani Services Ltd.^(a)		123,005		129,047
Dilip Buildcon Ltd.^(b)		23,155		83,212
Dixon Technologies India Ltd.		11,725		674,994
Dr Lal PathLabs Ltd.^(b)		12,328		413,876
eClerx Services Ltd.		6,097		175,011
Edelweiss Financial Services Ltd., NVS		202,297		147,506
EID Parry India Ltd.		32,428		178,814
Emami Ltd.		73,968		487,837
Embassy Office Parks REIT		157,718		784,980
Endurance Technologies Ltd.^(b)		14,338		251,767
Engineers India Ltd.		163,078		134,107
EPL Ltd.		38,860		81,984
Eris Lifesciences Ltd.^(b)		16,415		147,737
Escorts Ltd.		24,455		602,877
Exide Industries Ltd.		167,098		332,133
Federal Bank Ltd.		573,654		743,685
Fine Organic Industries Ltd.		2,412		137,872
Finolex Cables Ltd.		24,455		134,712
Finolex Industries Ltd.		97,954		200,089
Firstsource Solutions Ltd.		117,317		199,171
Fortis Healthcare Ltd.^(a)		171,922		563,557
Gillette India Ltd.		4,288		295,572
GlaxoSmithKline Pharmaceuticals Ltd.		10,385		209,904
Glenmark Pharmaceuticals Ltd.		52,729		314,806
GMM Pfaudler Ltd.		2,814		164,140
GMR Infrastructure Ltd.^(a)		782,359		396,403
GMR Power and Urban Infrastructure Ltd., NVS^(a)		78,235		34,784
Godrej Industries Ltd.^(a)		25,728		177,969
Granules India Ltd.		52,461		203,491
Graphite India Ltd.		23,450		146,088
Great Eastern Shipping Co. Ltd. (The)		42,277		183,208
Grindwell Norton Ltd.		14,405		308,946
Gujarat Fluorochemicals Ltd.^(a)		9,112		313,057
Gujarat Gas Ltd.		63,449		493,307
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.		28,207		208,405
Gujarat State Petronet Ltd.		103,314		398,793
Happiest Minds Technologies Ltd.		22,244		291,367
HEG Ltd.		5,180		78,601
HFCL Ltd.		229,006		223,414
ICICI Securities Ltd.^(b)		30,680		272,416
IDFC First Bank Ltd.^(a)		1,110,324		625,174
IDFC Ltd.^(a)		402,469		310,960
IIFL Finance Ltd.		46,699		185,554
IIFL Wealth Management Ltd.		14,204		290,324
India Cements Ltd. (The)		57,687		155,693
Indiabulls Housing Finance Ltd.		122,971		246,662
Indiabulls Real Estate Ltd.^(a)		75,040		108,473
IndiaMART Intermesh Ltd.^(b)		4,824		307,729
Indian Energy Exchange Ltd., NVS^(b)		154,770		426,186
Indian Hotels Co. Ltd. (The)		272,094		726,296
Indigo Paints Ltd.^(a)		3,752		89,446
Inox Leisure Ltd.^(a)		29,413		160,822
Intellect Design Arena Ltd.^(a)		29,413		257,081
Ipca Laboratories Ltd.		49,580		647,591
IRB Infrastructure Developers Ltd.^(a)		41,547		119,518
JB Chemicals & Pharmaceuticals Ltd.		13,112		281,756
Jindal Stainless Hisar Ltd.^(a)		39,061		183,978
Jindal Stainless Ltd.^(a)		72,963		188,994


Security	Shares		Value

India (continued)
Jindal Steel & Power Ltd.^(a)		145,323	$	828,745
JK Cement Ltd.		13,199		500,177
JK Lakshmi Cement Ltd.		25,192		150,054
JM Financial Ltd.		248,240		225,401
Johnson Controls-Hitachi Air Conditioning India Ltd.^(a)		4,154		100,293
Jubilant Ingrevia Ltd.		27,146		181,139
Jubilant Pharmova Ltd.		25,594		135,008
Just Dial Ltd.^(a)		11,053		110,055
Kajaria Ceramics Ltd.		29,078		419,259
Kansai Nerolac Paints Ltd.		50,212		303,680
Karur Vysya Bank Ltd. (The)		150,214		95,157
Kaveri Seed Co. Ltd.		12,127		78,637
KEC International Ltd.		42,009		260,766
KEI Industries Ltd.		22,445		296,525
KNR Constructions Ltd.		61,908		255,968
KPIT Technologies Ltd.		58,223		443,500
KPR Mill Ltd.		32,679		275,772
L&T Finance Holdings Ltd.^(a)		253,285		223,142
L&T Technology Services Ltd.^(b)		9,782		592,488
Laurus Labs Ltd.^(b)		117,049		845,870
LIC Housing Finance Ltd.		114,277		523,633
Linde India Ltd.		7,035		258,049
Lux Industries Ltd.		2,680		88,413
Mahanagar Gas Ltd.		17,487		169,527
Mahindra & Mahindra Financial Services Ltd.		225,857		438,784
Mahindra CIE Automotive Ltd.^(a)		54,270		140,849
Manappuram Finance Ltd.		191,419		290,897
Mastek Ltd.		6,164		230,996
Max Financial Services Ltd.^(a)		76,782		849,189
Max Healthcare Institute Ltd.^(a)		97,284		485,195
Metropolis Healthcare Ltd.^(b)		10,117		264,019
Minda Industries Ltd.		29,413		361,633
Mindspace Business Parks REIT^(b)		53,600		253,796
Motilal Oswal Financial Services Ltd.		15,544		182,510
Multi Commodity Exchange of India Ltd.		8,169		138,904
Narayana Hrudayalaya Ltd.^(a)		26,130		238,539
Natco Pharma Ltd., NVS		33,567		388,271
National Aluminium Co. Ltd.		302,706		492,232
Navin Fluorine International Ltd.		11,792		611,591
NBCC India Ltd.		262,506		136,578
NCC Ltd./India		166,175		138,668
NIIT Ltd.		27,872		157,135
Nippon Life India Asset Management Ltd.^(b)		44,287		181,720
Nuvoco Vistas Corp. Ltd.^(a)		45,426		209,695
Oberoi Realty Ltd.^(a)		45,292		548,452
Oil India Ltd.		90,651		270,384
Olectra Greentech Ltd.^(a)		12,998		110,110
Oracle Financial Services Software Ltd.		7,772		351,342
Orient Electric Ltd.		57,352		252,253
Paisalo Digital Ltd.		11,323		99,963
Persistent Systems Ltd.		17,889		940,400
Phoenix Mills Ltd. (The)		34,438		439,876
PNB Housing Finance Ltd.^(a)(b)		20,301		110,673
Poly Medicure Ltd.		10,854		115,012
Polycab India Ltd.		12,462		394,782
Poonawalla Fincorp Ltd.^(a)		56,146		178,715
Praj Industries Ltd.		43,349		197,200
Prestige Estates Projects Ltd.		52,930		321,134
Procter & Gamble Health Ltd.		3,082		187,200
PVR Ltd.^(a)		17,755		389,025


Security	Shares		Value

India (continued)
Quess Corp. Ltd.^(b)		27,068	$	228,094
Radico Khaitan Ltd.		29,212		349,510
Rain Industries Ltd.		65,190		161,562
Rajesh Exports Ltd.		22,579		210,634
Ramco Cements Ltd. (The)		47,637		499,533
Ratnamani Metals & Tubes Ltd.		7,303		217,419
RBL Bank Ltd.^(a)(b)		182,010		324,876
REC Ltd.		359,187		585,101
Redington India Ltd.		195,171		399,640
Relaxo Footwears Ltd.		19,229		311,515
Reliance Power Ltd.^(a)		922,657		161,523
Route Mobile Ltd.		7,303		145,179
Sanofi India Ltd.		2,814		271,297
Saregama India Ltd.		2,881		150,577
Schaeffler India Ltd.		16,080		390,803
Sheela Foam Ltd.^(a)		4,690		213,466
Shriram City Union Finance Ltd.		8,308		175,506
SKF India Ltd.		8,040		384,557
Sobha Ltd.		15,477		159,705
Solar Industries India Ltd.		10,385		320,172
Solara Active Pharma Sciences Ltd.		6,877		62,713
Sonata Software Ltd.		22,579		221,366
Spandana Sphoorty Financial Ltd.^(a)		16,021		79,542
SpiceJet Ltd.^(a)		151,010		121,588
Sterlite Technologies Ltd.		68,407		161,338
Strides Pharma Science Ltd.		35,528		151,455
Sumitomo Chemical India Ltd.		27,414		137,675
Sun TV Network Ltd.		25,996		155,193
Sundaram Finance Ltd.		22,780		578,009
Sundram Fasteners Ltd.		36,850		419,365
Suprajit Engineering Ltd.		25,460		106,578
Supreme Industries Ltd.		23,115		629,623
Supreme Petrochem Ltd.		12,395		109,410
Suven Pharmaceuticals Ltd.		38,793		264,859
Suzlon Energy Ltd.^(a)		1,916,267		241,283
Syngene International Ltd.^(a)(b)		46,632		336,656
Tanla Platforms Ltd.		23,718		497,330
Tata Chemicals Ltd.		60,501		679,716
Tata Communications Ltd.		40,482		638,867
Tata Elxsi Ltd.		12,447		1,068,230
Tata Teleservices Maharastra Ltd.^(a)		165,624		258,901
TCI Express Ltd.		4,757		112,081
TeamLease Services Ltd.^(a)		5,092		278,458
Tejas Networks Ltd.^(a)(b)		26,130		142,442
Thermax Ltd.		15,410		372,600
Thyrocare Technologies Ltd.^(b)		9,045		103,476
Timken India Ltd.		6,834		184,598
Torrent Power Ltd.		59,094		374,134
Trident Ltd.		384,245		260,005
TTK Prestige Ltd.		17,420		183,893
Tube Investments of India Ltd.		37,319		755,883
TV18 Broadcast Ltd.^(a)		163,815		134,203
TVS Motor Co. Ltd.		67,268		553,502
UTI Asset Management Co. Ltd.		16,147		179,711
Vaibhav Global Ltd.		18,291		100,178
Vakrangee Ltd.		185,121		77,349
Vardhman Textiles Ltd.		8,678		295,296
Varun Beverages Ltd.		59,111		743,658
V-Guard Industries Ltd.		62,444		162,717
Vinati Organics Ltd.		10,921		269,697


Security	Shares		Value

India (continued)
VIP Industries Ltd.^(a)		27,269	$	233,853
V-Mart Retail Ltd.^(a)		4,824		219,067
Vodafone Idea Ltd.^(a)		3,149,804		434,612
Voltas Ltd.		76,198		1,281,058
Welspun India Ltd.		107,401		150,633
Whirlpool of India Ltd.		11,658		259,893
Wockhardt Ltd., NVS^(a)		13,659		61,745
Yes Bank Ltd., (Acquired 03/16/20, Cost: $336,376)^(a)(e)		433,083		68,056
Yes Bank Ltd.^(a)		100		18
Zee Entertainment Enterprises Ltd.		311,923		955,503
Zensar Technologies Ltd.		40,468		187,816


				79,469,473

Indonesia — 2.0%
Ace Hardware Indonesia Tbk PT		2,472,300		184,751
AKR Corporindo Tbk PT		3,518,000		186,095
Astra Agro Lestari Tbk PT		214,400		170,144
Bank Aladin Syariah Tbk PT^(a)		1,862,600		291,700
Bank BTPN Syariah Tbk PT		844,200		211,865
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT		1,058,800		102,807
Bank Tabungan Negara Persero Tbk PT^(a)		1,688,400		209,883
Berkah Beton Sadaya Tbk^(a)		938,000		289,459
BFI Finance Indonesia Tbk PT		2,927,900		261,875
Bukit Asam Tbk PT		1,212,700		266,413
Bumi Serpong Damai Tbk PT^(a)		2,887,700		185,527
Ciputra Development Tbk PT		3,678,563		237,273
Digital Mediatama Maxima Tbk PT^(a)		1,072,000		141,769
Erajaya Swasembada Tbk PT		2,894,400		112,721
Hanson International Tbk PT^(a)(c)		25,794,200		—
Indo Tambangraya Megah Tbk PT		147,500		273,861
Indosat Tbk PT		509,200		193,921
Industri Jamu Dan Farmasi Sido Muncul Tbk PT		2,071,657		140,796
Inti Agri Resources Tbk PT^(a)(c)		12,327,500		—
Japfa Comfeed Indonesia Tbk PT		1,742,000		191,336
Jasa Marga Persero Tbk PT^(a)		844,200		199,292
Lippo Karawaci Tbk PT^(a)		9,060,800		81,987
M Cash Integrasi PT^(a)		174,200		143,378
Medco Energi Internasional Tbk PT^(a)		3,570,412		150,736
Media Nusantara Citra Tbk PT		2,546,300		154,996
Metro Healthcare Indonesia TBK PT^(a)		5,272,900		205,965
Mitra Adiperkasa Tbk PT^(a)		3,584,500		197,017
Pabrik Kertas Tjiwi Kimia Tbk PT		589,600		307,581
Pacific Strategic Financial Tbk PT^(a)		2,673,300		214,913
Pakuwon Jati Tbk PT^(a)		6,552,600		210,963
Panin Financial Tbk PT^(a)		7,457,600		87,724
Pelayaran Tamarin Samudra Tbk PT^(a)		2,224,400		7,741
Perusahaan Gas Negara Tbk PT^(a)		3,966,400		401,034
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT		1,433,800		142,161
Smartfren Telecom Tbk PT^(a)		35,362,600		195,746
Sugih Energy Tbk PT^(a)(c)		1,824,800		1
Summarecon Agung Tbk PT^(a)		3,966,450		192,609
Surya Citra Media Tbk PT^(a)		7,477,200		134,989
Timah Tbk PT^(a)		964,800		107,385
Transcoal Pacific Tbk PT^(a)		355,100		222,683
Waskita Karya Persero Tbk PT^(a)		5,808,994		231,975
XL Axiata Tbk PT		1,172,600		234,275


				7,477,347


Security	Shares		Value

Kuwait — 1.0%
Boubyan Petrochemicals Co. KSCP		182,709	$	567,838
Boursa Kuwait Securities Co. KPSC		38,391		303,844
Burgan Bank SAK		98,825		89,285
Gulf Bank KSCP		471,345		483,916
Humansoft Holding Co. KSC		38,927		473,824
Kuwait International Bank KSCP^(a)		371,448		283,688
National Industries Group Holding SAK^(a)		548,008		522,513
National Real Estate Co. KPSC^(a)		297,118		217,433
Qurain Petrochemical Industries Co		223,747		290,946
Shamal Az-Zour Al-Oula for the First Phase of Az-Zour Power Plant KSC		330,042		240,883
Warba Bank KSCP^(a)		534,278		490,333


				3,964,503

Malaysia — 2.8%
Alliance Bank Malaysia Bhd		368,700		301,793
Axis Real Estate Investment Trust		562,800		250,670
Berjaya Sports Toto Bhd		395,400		180,157
Bermaz Auto Bhd		475,800		202,854
BIMB Holdings Bhd		281,400		200,402
British American Tobacco Malaysia Bhd		60,444		175,638
Bumi Armada Bhd^(a)		938,000		107,166
Bursa Malaysia Bhd		254,750		383,149
Carlsberg Brewery Malaysia Bhd		67,000		322,353
D&O Green Technologies Bhd^(d)		180,900		204,350
DRB-Hicom Bhd		448,900		158,665
Dufu Technology Corp. Bhd		160,000		110,606
Frontken Corp. Bhd		418,350		290,652
Gamuda Bhd, NVS		542,700		372,655
Greatech Technology Bhd^(a)		154,200		154,842
Heineken Malaysia Bhd^(d)		40,500		212,797
Hong Seng Consolidated Bhd^(a)		529,300		403,651
IGB REIT, NVS		710,200		240,201
IJM Corp. Bhd		1,065,300		391,655
IOI Properties Group Bhd^(d)		495,800		121,632
Kossan Rubber Industries Bhd		596,300		245,707
Lotte Chemical Titan Holding Bhd^(b)		234,500		121,760
Magnum Bhd, NVS^(d)		375,350		169,369
Mah Sing Group Bhd^(d)		408,857		65,733
Malaysia Building Society Bhd		1,199,400		165,691
Malaysian Pacific Industries Bhd		33,500		288,404
My EG Services Bhd^(d)		2,045,000		469,306
Padini Holdings Bhd		221,100		177,946
Pentamaster Corp. Bhd		274,750		213,985
Scientex BHD		342,500		361,385
Serba Dinamik Holdings Bhd^(a)(c)		637,120		44,646
Sime Darby Property Bhd^(d)		1,199,800		175,748
SKP Resources Bhd		442,200		157,687
SP Setia Bhd Group^(a)		676,800		206,313
Sunway Bhd		493,800		199,943
Sunway Construction Group Bhd		308,320		110,888
Sunway REIT		837,500		277,272
Supermax Corp. Bhd		882,316		220,658
Syarikat Takaful Malaysia Keluarga Bhd		133,544		118,472
TIME dotCom Bhd		434,200		439,526
UMW Holdings Bhd		140,800		103,132
Unisem M Bhd		147,400		104,239
United Plantations BHD		13,400		48,583
UWC BHD		134,000		129,702
ViTrox Corp. Bhd		161,000		286,908
VS Industry Bhd		1,192,850		328,399


Security	Shares		Value

Malaysia (continued)
Yinson Holdings BHD		248,000	$	311,328
YTL Corp. Bhd		1,054,300		139,368


				10,467,986

Mexico — 1.9%
Alsea SAB de CV^(a)		201,100		435,564
Banco del Bajio SA^(b)		268,000		650,994
Bolsa Mexicana de Valores SAB de CV		127,300		243,773
Concentradora Fibra Danhos SA de CV^(d)		93,800		107,031
Controladora Vuela Cia. de Aviacion SAB de CV, Class A^(a)		314,900		599,634
Corp Inmobiliaria Vesta SAB de CV		234,500		422,377
GCC SAB de CV		67,020		442,644
Genomma Lab Internacional SAB de CV, Class B		301,600		275,079
Gentera SAB de CV^(a)		395,300		292,986
Grupo Aeroportuario del Centro Norte SAB de CV		104,808		756,955
Grupo Comercial Chedraui SA de CV		67,000		151,168
Grupo Herdez SAB de CV^(d)		73,700		104,067
Grupo Rotoplas SAB de CV, NVS		78,467		100,761
Grupo Traxion SAB de CV^(a)(b)(d)		87,100		146,932
La Comer SAB de CV^(d)		174,200		315,637
Macquarie Mexico Real Estate Management SA de CV^(b)		294,900		355,360
Nemak SAB de CV^(a)(b)		562,896		117,356
PLA Administradora Industrial S. de RL de CV^(d)		288,100		379,519
Prologis Property Mexico SA de CV		167,531		403,020
Qualitas Controladora SAB de CV		53,600		294,315
Regional SAB de CV		80,400		475,703


				7,070,875

Peru — 0.1%
Intercorp Financial Services Inc.		12,127		391,702


Philippines — 1.0%
Alliance Global Group Inc.		1,373,500		342,906
Bloomberry Resorts Corp.^(a)		1,661,600		239,825
Cebu Air Inc.^(a)		100,510		90,791
Century Pacific Food Inc.		361,800		188,768
Cosco Capital Inc., NVS		1,675,000		166,520
D&L Industries Inc.		938,100		147,114
DMCI Holdings Inc.		1,815,700		300,315
First Gen Corp.		241,250		131,283
LT Group Inc.		964,800		182,159
Manila Water Co. Inc., NVS		449,000		175,151
Megaworld Corp.		4,020,000		252,580
Puregold Price Club Inc.		268,000		183,737
Robinsons Land Corp.		743,700		279,998
Robinsons Retail Holdings Inc.		116,040		139,646
Security Bank Corp.		133,040		303,661
Semirara Mining & Power Corp.		314,900		170,133
Vista Land & Lifescapes Inc.		1,474,100		87,980
Wilcon Depot Inc.		643,300		367,009


				3,749,576

Poland — 1.1%
Alior Bank SA^(a)		35,175		391,833
AmRest Holdings SE^(a)(d)		39,863		218,683
Asseco Poland SA		23,986		422,812
Bank Millennium SA^(a)(d)		236,443		394,314
Budimex SA^(d)		4,623		251,478
CCC SA^(a)(d)		18,762		238,729
Ciech SA		10,519		101,231
Enea SA^(a)		81,941		170,912


Security	Shares		Value

Poland (continued)
Grupa Azoty SA^(a)		18,894	$	146,422
Grupa Lotos SA^(a)		33,165		425,518
Jastrzebska Spolka Weglowa SA^(a)		21,124		246,758
KRUK SA		6,499		405,297
LiveChat Software SA		6,834		158,416
Neuca SA^(d)		938		167,081
Tauron Polska Energia SA^(a)		380,091		223,260
Warsaw Stock Exchange^(d)		9,380		85,891


				4,048,635

Qatar — 0.9%
Aamal Co.		690,837		226,954
Al Meera Consumer Goods Co. QSC		32,293		176,484
Baladna		416,606		167,767
Doha Bank QPSC		469,134		366,212
Gulf International Services QSC, NVS^(a)		242,684		119,058
Gulf Warehousing Co.		135,340		165,034
Medicare Group		67,335		144,275
Qatar Aluminum Manufacturing Co.		957,229		585,089
Qatar Insurance Co. SAQ^(a)		603,804		415,253
Qatar National Cement Co. QSC		103,783		176,194
Qatar Navigation QSC		192,972		447,838
United Development Co. QSC		625,964		286,252
Vodafone Qatar QSC		636,366		303,737


				3,580,147

Russia — 0.2%
Credit Bank of Moscow PJSC^(a)(c)		4,743,600		82,858
Detsky Mir PJSC^(a)(b)(c)		238,520		69,156
Federal Grid Co. Unified Energy System PJSC^(a)(c)		142,040,000		43,781
Globaltrans Investment PLC, GDR^(a)(c)		36,180		43,528
Lenta PJSC, GDR^(a)(c)		58,692		23,995
LSR Group PJSC^(a)(c)		16,818		29,621
Mosenergo PJSC^(a)(c)		4,900,000		28,331
QIWI PJSC, Class B, ADR^(a)(c)		20,971		26,779
Rostelecom PJSC^(a)(c)		373,860		89,908
Segezha Group PJSC^(a)(b)(c)		1,675,000		43,912
Sistema PJSFC, GDR^(a)(c)		93,264		188,714
Sovcomflot PJSC^(a)(c)		338,350		51,995
Unipro PJSC^(a)(c)		4,288,000		23,950
United Medical Group^(a)(c)		11,658		28,036


				774,564

Saudi Arabia — 2.5%
Al Hammadi Co. for Development and Investment, NVS		28,073		306,997
Al Jouf Agricultural Development Co.		5,360		81,656
Al Moammar Information Systems Co.		4,891		199,115
Al Rajhi Co. for Co-operative Insurance^(a)		7,906		179,370
Aldrees Petroleum and Transport Services Co.		16,080		359,975
Alujain Holding		11,677		190,468
Arabian Cement Co./Saudi Arabia		21,306		228,230
Arriyadh Development Co.		40,183		280,010
Aseer Trading Tourism & Manufacturing Co.^(a)		17,554		96,730
City Cement Co.		34,706		197,136
Dallah Healthcare Co.		11,323		248,072
Dur Hospitality Co.^(a)		19,430		170,479
Eastern Province Cement Co.		21,105		235,600
Fawaz Abdulaziz Al Hokair & Co.^(a)		32,830		137,515
Halwani Brothers Co.		3,752		89,039
Herfy Food Services Co.		9,715		150,333
Leejam Sports Co. JSC		10,077		341,730
Maharah Human Resources Co.		10,720		222,114


Security	Shares		Value

Saudi Arabia (continued)
National Agriculture Development Co. (The)^(a)		22,981	$	189,483
National Gas & Industrialization Co.		16,080		236,917
Qassim Cement Co. (The)		19,095		392,415
Saudi Airlines Catering Co.^(a)		5,561		125,893
Saudi Arabia Refineries Co.		2,412		85,689
Saudi Cement Co.		26,175		387,912
Saudi Ceramic Co.		17,073		223,627
Saudi Chemical Co. Holding		23,249		214,106
Saudi Fisheries Co.^(a)		9,182		115,182
Saudi Ground Services Co.^(a)		37,922		355,136
Saudi Industrial Services Co.		15,216		118,182
Saudi Pharmaceutical Industries & Medical Appliances Corp.		25,929		268,958
Saudi Public Transport Co.^(a)		25,460		147,862
Saudi Real Estate Co.^(a)		43,550		245,676
Saudia Dairy & Foodstuff Co.		7,504		342,597
Seera Group Holding^(a)		61,305		346,916
Southern Province Cement Co.		25,996		471,181
United Electronics Co.		12,328		428,490
United International Transportation Co.		15,142		197,239
Yamama Cement Co.^(a)		51,456		360,925
Yanbu Cement Co.		33,031		335,085


				9,304,040

South Africa — 3.9%
Adcock Ingram Holdings Ltd.		24,321		81,918
AECI Ltd.		38,123		268,562
Astral Foods Ltd.		16,683		176,310
AVI Ltd.		107,736		502,559
Barloworld Ltd.		56,682		452,866
Coronation Fund Managers Ltd.		84,286		251,878
Dis-Chem Pharmacies Ltd.^(b)(d)		114,972		258,862
Distell Group Holdings Ltd.^(a)		56,347		627,737
DRDGOLD Ltd.		174,669		162,964
Equites Property Fund Ltd.		210,983		288,835
Fortress REIT Ltd., Series A		399,186		333,082
Foschini Group Ltd. (The)		118,791		962,225
Hyprop Investments Ltd.		120,361		269,741
Imperial Logistics Ltd., NVS		66,799		285,768
Investec Ltd., NVS		96,949		545,077
Investec Property Fund Ltd.		244,617		192,496
JSE Ltd.		33,031		256,579
Life Healthcare Group Holdings Ltd.		493,790		719,992
Momentum Metropolitan Holdings		316,374		383,933
Motus Holdings Ltd.		57,620		412,132
Netcare Ltd.		360,326		343,073
Ninety One Ltd.		60,032		195,991
Oceana Group Ltd.		30,150		105,865
Pick n Pay Stores Ltd.		134,335		401,880
PSG Group Ltd., NVS^(a)		58,826		313,063
Redefine Properties Ltd.		2,318,441		636,294
Resilient REIT Ltd.^(d)		104,453		395,700
Reunert Ltd., NVS		66,799		203,704
Royal Bafokeng Platinum Ltd.		59,177		700,483
Santam Ltd.		14,090		251,079
Sappi Ltd.^(a)		222,507		736,854
Steinhoff International Holdings NV^(a)		1,615,839		381,465
Super Group Ltd./South Africa		144,988		296,019
Telkom SA SOC Ltd.^(a)		111,086		298,806
Thungela Resources Ltd.^(a)(d)		46,967		417,773
Transaction Capital Ltd.		204,752		589,638


Security	Shares		Value

South Africa (continued)
Truworths International Ltd.		145,524	$	554,319
Vukile Property Fund Ltd.		361,063		294,932
Wilson Bayly Holmes-Ovcon Ltd.		20,435		110,971


				14,661,425

South Korea — 15.5%
ABLBio Inc.^(a)		11,524		255,330
AfreecaTV Co. Ltd.		3,015		352,358
Ahnlab Inc.		2,647		144,012
Amicogen Inc.^(a)		9,045		194,052
Ananti Inc.^(a)		31,021		242,500
AptaBio Therapeutics Inc.^(a)(d)		8,509		174,762
Asiana Airlines Inc.^(a)		13,788		222,796
BGF Co. Ltd.		17,420		73,456
BH Co. Ltd.^(d)		10,117		164,373
Binex Co. Ltd.^(a)		12,127		134,573
Bioneer Corp.^(a)(d)		8,771		282,883
BNC Korea Co. Ltd.^(a)(d)		16,080		209,969
BNK Financial Group Inc.		101,505		668,212
Boryung Pharmaceutical Co. Ltd		12,346		128,838
Bukwang Pharmaceutical Co. Ltd.^(a)(d)		25,996		270,655
Cellivery Therapeutics Inc.^(a)		8,693		220,092
Chabiotech Co. Ltd.^(a)		18,772		272,128
Chong Kun Dang Pharmaceutical Corp.^(a)(d)		3,082		247,641
Chunbo Co. Ltd.		1,541		368,170
CJ CGV Co. Ltd.^(a)(d)		13,132		285,801
CMG Pharmaceutical Co. Ltd.^(a)		78,870		213,439
Com2uSCorp		3,216		299,359
Cosmax Inc.^(a)		4,355		313,854
CosmoAM&T Co. Ltd.^(a)		8,040		262,450
COWELL FASHION Co. Ltd.^(d)		16,750		110,472
Creative & Innovative System^(a)		17,688		205,106
CS Wind Corp.		10,084		506,682
Cuckoo Homesys Co. Ltd.^(a)		4,355		140,620
Daeduck Electronics Co. Ltd./New		15,142		317,474
Daejoo Electronic Materials Co. Ltd.		4,154		314,047
Daesang Corp.^(a)		10,586		197,154
Daewoo Engineering & Construction Co. Ltd.^(a)(d)		69,684		366,530
Daewoo Shipbuilding & Marine Engineering Co. Ltd.^(a)(d)		17,487		390,281
Daewoong Co. Ltd.^(a)		9,045		228,130
Daewoong Pharmaceutical Co. Ltd.^(a)		1,809		251,831
Daishin Securities Co. Ltd.		14,338		203,586
Daou Technology Inc.		11,063		199,308
Dawonsys Co. Ltd.^(d)		8,576		207,078
DB HiTek Co. Ltd.		13,686		802,211
Dentium Co. Ltd.^(a)		3,685		186,945
Devsisters Co. Ltd.^(d)		2,345		112,655
DGB Financial Group Inc.		63,115		499,583
DIO Corp.^(a)		5,844		161,064
DL E&C Co. Ltd.		5,896		635,622
Dong-A Socio Holdings Co. Ltd.		1,675		144,836
Dong-A ST Co. Ltd.		3,149		179,177
Dongjin Semichem Co. Ltd.^(a)		12,765		381,870
DongKook Pharmaceutical Co. Ltd.		11,218		198,112
Dongkuk Steel Mill Co. Ltd.		23,271		323,381
Dongsuh Cos. Inc.		11,212		256,816
Dongwha Enterprise Co. Ltd.^(a)		1,876		112,651
Dongwon F&B Co. Ltd.		757		109,360
Doosan Co. Ltd.^(a)(d)		2,546		243,639
Doosan Fuel Cell Co. Ltd.^(a)		15,611		511,170
DoubleUGames Co. Ltd.		4,288		178,192


Security	Shares		Value

South Korea (continued)
Douzone Bizon Co. Ltd.		6,895	$	276,981
Duk San Neolux Co. Ltd.^(a)(d)		5,561		181,429
Ecopro Co. Ltd.^(d)		7,237		531,876
Ecopro HN Co. Ltd.		3,953		174,283
Enzychem Lifesciences Corp.^(a)(d)		6,566		180,959
Eo Technics Co Ltd.^(a)(d)		3,685		308,336
Eoflow Co. Ltd.^(a)		9,514		164,074
Eubiologics Co. Ltd.^(a)		11,591		233,056
Eugene Technology Co. Ltd.^(d)		6,700		244,630
Fila Holdings Corp.		18,291		540,511
Fine Semitech Corp.		5,092		88,560
Foosung Co. Ltd.		19,713		351,950
GC Cell Corp.^(a)(d)		4,020		228,376
GemVax & Kael Co. Ltd.^(a)		16,080		204,673
Geneone Life Science Inc., NVS^(a)		30,351		369,811
GOLFZON Co. Ltd.^(a)		1,273		161,902
Grand Korea Leisure Co. Ltd., NVS^(a)(d)		14,750		180,780
Green Cross Holdings Corp.		10,787		201,206
GS Retail Co. Ltd.		15,075		335,229
Hana Materials Inc.		3,283		143,161
Hana Tour Service Inc.^(a)		3,800		249,516
Hanall Biopharma Co. Ltd.^(a)(d)		16,482		258,631
Handsome Co. Ltd.^(d)		6,568		196,958
Hanil Cement Co. Ltd./New		8,576		130,488
Hanjin Transportation Co. Ltd.^(a)		4,757		113,454
Hankook & Co. Co. Ltd.		8,805		98,875
Hanmi Semiconductor Co. Ltd.		7,772		219,097
Hansae Co. Ltd.^(d)		6,030		114,436
Hansol Chemical Co. Ltd.		3,350		604,712
Hanssem Co. Ltd.		4,020		245,885
Hanwha Aerospace Co. Ltd.		13,296		580,580
Hanwha Corp.		12,931		329,862
Hanwha Investment & Securities Co. Ltd.^(a)		45,694		185,100
Hanwha Life Insurance Co. Ltd.^(a)(d)		114,302		282,275
Hanwha Systems Co. Ltd.		16,817		222,212
HDC Hyundai Development Co-Engineering & Construction, Class E^(a)(d)		23,355		314,314
Helixmith Co. Ltd.^(a)(d)		16,286		274,807
Hite Jinro Co. Ltd.^(a)		12,060		358,860
HLB Life Science Co. Ltd., NVS^(a)		30,900		275,393
Huchems Fine Chemical Corp., NVS^(d)		8,201		152,581
Hugel Inc., NVS^(a)		2,546		313,942
Huons Global Co. Ltd.		102		2,585
Hwaseung Enterprise Co. Ltd.^(a)(d)		9,849		134,249
Hyosung Advanced Materials Corp.		951		373,067
Hyosung Chemical Corp.^(a)		938		217,939
Hyosung Corp.		2,825		201,609
Hyosung Heavy Industries Corp.^(a)		2,381		111,690
Hyosung TNC Corp.		1,005		408,670
Hyundai Autoever Corp.		2,479		224,760
Hyundai Bioscience Co. Ltd.^(a)(d)		12,998		346,476
Hyundai Department Store Co. Ltd.		5,398		351,683
Hyundai Electric & Energy System Co. Ltd., NVS^(a)		7,483		128,370
Hyundai Elevator Co. Ltd.^(a)		9,916		313,774
Hyundai Home Shopping Network Corp.		2,010		97,733
Hyundai Marine & Fire Insurance Co. Ltd.		20,291		487,371
Hyundai Mipo Dockyard Co. Ltd.^(a)(d)		8,888		597,019
Hyundai Rotem Co. Ltd.^(a)(d)		27,872		464,502
Hyundai Wia Corp.		6,069		311,957
Ilyang Pharmaceutical Co. Ltd.		8,375		176,322


Security	Shares		Value

South Korea (continued)
Innocean Worldwide Inc.^(d)		3,838	$	160,049
iNtRON Biotechnology Inc.^(a)		10,050		154,629
IS Dongseo Co. Ltd.^(a)		6,164		272,598
ITM Semiconductor Co. Ltd.		3,216		94,319
JB Financial Group Co. Ltd.		43,970		301,169
Jin Air Co. Ltd.^(a)		13,869		194,947
Jusung Engineering Co. Ltd.		13,199		288,657
JW Pharmaceutical Corp.		7,330		154,216
JYP Entertainment Corp.^(a)		10,727		450,799
KCC Corp.		1,675		468,984
KCC Glass Corp.		3,944		191,597
KEPCO Engineering & Construction Co. Inc.^(a)		4,958		372,105
KEPCO Plant Service & Engineering Co. Ltd.^(a)		8,710		270,763
KIWOOM Securities Co. Ltd.^(a)		6,030		512,037
KMW Co. Ltd.^(a)		15,946		415,838
Koh Young Technology Inc.		20,606		329,562
Kolmar Korea Co. Ltd.^(a)		9,112		351,691
Kolon Industries Inc.		6,901		340,397
KoMiCo Ltd.		1,943		88,139
KONA I Co. Ltd.^(a)(d)		5,470		122,936
Korea Electric Terminal Co. Ltd.		2,523		122,929
Korea Line Corp.^(a)		92,460		215,357
Korea REIT & Trust Co. Ltd.		87,033		159,344
Korea United Pharm Inc.^(a)		3,819		146,583
Korean Reinsurance Co.		37,690		304,333
Kumho Tire Co. Inc.^(a)		31,155		103,339
Kyung Dong Navien Co. Ltd.		3,286		122,038
L&C Bio Co. Ltd.		6,365		169,059
LEENO Industrial Inc.		3,632		548,506
LegoChem Biosciences Inc.^(a)		8,174		301,560
LIG Nex1 Co. Ltd.		4,466		254,856
LOTTE Fine Chemical Co. Ltd.		6,729		447,651
LOTTE Reit Co. Ltd.		47,302		214,902
Lotte Rental Co. Ltd.		7,035		223,671
Lotte Tour Development Co. Ltd.^(a)		20,502		306,285
LS Corp.		6,266		255,722
LS Electric Co. Ltd.		6,633		239,126
Lx Hausys Ltd.		2,814		129,731
Lx International Corp.		10,653		264,729
LX Semicon Co. Ltd.		4,355		418,311
Maeil Dairies Co. Ltd.		1,273		72,337
Mando Corp.		12,264		468,884
Mcnex Co. Ltd.		5,113		196,611
Medytox Inc.^(a)		2,077		211,725
MegaStudyEdu Co. Ltd.^(a)(d)		3,149		218,703
Mezzion Pharma Co. Ltd.^(a)(d)		2,680		367,341
Myoung Shin Industrial Co. Ltd.^(a)(d)		8,911		177,796
Namhae Chemical Corp.^(a)		18,559		150,073
Naturecell Co. Ltd.^(a)(d)		19,404		266,662
NEPES Corp.^(a)		7,640		183,083
Neptune Co., NVS^(a)		7,102		117,944
Next Science Co. Ltd.^(a)		19,296		277,660
NEXTIN Inc.^(a)		2,010		93,677
NHN Corp.^(a)		7,788		232,551
NHN KCP Corp.^(a)(d)		9,904		194,814
NICE Information Service Co. Ltd.^(a)(d)		13,235		205,451
NKMax Co. Ltd.^(a)		14,003		183,785
NongShim Co. Ltd.		1,340		343,091
OCI Co. Ltd.^(a)		7,370		651,946
OliX Pharmaceuticals Inc.^(a)		7,370		171,217


Security	Shares		Value

South Korea (continued)
Orion Holdings Corp.		7,906	$	93,201
Oscotec Inc.^(a)(d)		8,777		220,100
Osstem Implant Co. Ltd.^(a)(c)		4,094		418,430
Ottogi Corp.		268		96,696
Paradise Co. Ltd., NVS^(a)		18,626		259,819
Park Systems Corp.		1,742		173,922
Partron Co. Ltd.^(d)		14,807		142,568
People & Technology Inc.^(a)		6,499		233,418
PharmaResearch Co. Ltd.		1,876		137,540
Pharmicell Co. Ltd.^(a)		23,048		211,795
PI Advanced Materials Co. Ltd.^(a)		7,169		261,610
Poongsan Corp.		7,390		196,824
Posco ICT Co. Ltd.^(d)		24,140		116,239
Posco International Corp.^(d)		19,028		330,161
PSK Inc.		3,618		144,353
RFHIC Corp.		6,919		164,534
S&S Tech Corp.		6,365		149,469
Sam Chun Dang Pharm Co. Ltd.^(a)		8,576		261,629
Sam Kang M&T Co. Ltd.^(a)(d)		9,849		152,291
Samwha Capacitor Co. Ltd.		4,023		190,440
Samyang Holdings Corp.		1,407		97,990
Sang-A Frontec Co. Ltd., NVS		4,399		152,538
Sebang Global Battery Co. Ltd.		2,479		132,398
Seojin System Co. Ltd.^(a)		5,226		148,926
Seoul Semiconductor Co. Ltd.^(a)(d)		16,852		188,669
SFA Engineering Corp.		7,839		247,321
SFA Semicon Co. Ltd.^(a)(d)		29,748		163,258
Shin Poong Pharmaceutical Co. Ltd.^(a)		12,024		347,014
Shinsegae Inc.^(d)		2,613		573,521
Shinsegae International Inc.		1,005		128,022
SillaJen Inc.^(a)(c)		19,774		119,399
SIMMTECH Co. Ltd.		7,705		345,902
SK Networks Co. Ltd.		48,575		179,226
SL Corp.^(a)		6,005		119,705
SM Entertainment Co. Ltd.		7,318		457,594
SNT Motiv Co. Ltd.		4,087		147,774
SOLUM Co. Ltd.^(a)		11,323		215,870
Solus Advanced Materials Co Ltd.		4,154		220,124
Soulbrain Co. Ltd./New		1,657		316,381
ST Pharm Co. Ltd.		3,484		290,526
STIC Investments Inc.		10,988		94,001
Taekwang Industrial Co. Ltd.^(a)		134		113,543
Taihan Electric Wire Co. Ltd.^(a)(d)		110,081		147,881
TES Co. Ltd./Korea^(d)		5,896		125,842
Tesna Inc.^(d)		4,690		174,282
Tokai Carbon Korea Co. Ltd.		1,876		185,276
Tongyang Life Insurance Co. Ltd		20,931		107,473
TY Holdings Co. Ltd./Korea^(a)(d)		10,929		249,177
Unid Co. Ltd.^(d)		1,943		141,696
UniTest Inc.^(a)		7,169		158,389
Vidente Co. Ltd.^(a)		14,542		200,290
Webzen Inc.^(a)(d)		11,122		216,439
Wemade Co. Ltd.		6,767		628,135
WONIK IPS Co. Ltd.^(d)		11,659		352,014
Wonik QnC Corp.^(a)(d)		6,566		141,343
Woori Technology Investment Co. Ltd., NVS^(a)		21,842		156,434
Wysiwyg Studious Co. Ltd.^(a)		9,246		278,721
Y2 Solution Co. Ltd.^(a)(c)		8,823		10,743
YG Entertainment Inc.^(d)		4,434		245,305
Youngone Corp.^(a)(d)		9,056		322,067


Security	Shares		Value

South Korea (continued)
Zinus Inc.^(a)(d)		4,221	$	264,976


				58,380,862

Taiwan — 22.7%
AcBel Polytech Inc.		134,000		161,688
ADATA Technology Co. Ltd.		85,000		285,988
Adimmune Corp.		105,000		149,813
Advanced Ceramic X Corp.		18,000		174,520
Advanced Energy Solution Holding Co. Ltd.		11,000		522,348
Advanced Wireless Semiconductor Co.		67,596		250,208
Alchip Technologies Ltd., NVS		26,000		1,015,756
AmTRAN Technology Co. Ltd.		313,471		181,505
AP Memory Technology Corp.		29,000		385,289
Arcadyan Technology Corp.		67,541		279,757
Ardentec Corp.		201,000		368,375
Asia Optical Co. Inc.^(a)		67,000		196,467
Asia Pacific Telecom Co. Ltd.^(a)		737,910		210,907
Asia Vital Components Co. Ltd.		134,000		535,769
ASPEED Technology Inc., NVS		8,000		786,280
BES Engineering Corp.		536,000		169,629
Bizlink Holding Inc.		53,770		582,230
Brighton-Best International Taiwan Inc.		134,000		191,806
Capital Securities Corp.		737,530		417,334
Career Technology MFG. Co. Ltd.^(a)		201,369		172,260
Cathay Real Estate Development Co. Ltd.		201,300		138,255
Center Laboratories Inc.		148,319		313,030
Century Iron & Steel Industrial Co. Ltd.		67,000		262,005
Chang Wah Electromaterials Inc.		134,000		182,546
Chang Wah Technology Co. Ltd.		67,000		242,702
Charoen Pokphand Enterprise		67,000		202,737
Cheng Loong Corp.		268,000		330,735
Cheng Uei Precision Industry Co. Ltd.		134,000		184,121
Chicony Electronics Co. Ltd.		201,000		646,552
Chicony Power Technology Co. Ltd.		67,000		190,307
China Airlines Ltd.^(a)		938,000		956,417
China General Plastics Corp.		140,700		175,122
China Man-Made Fiber Corp.		557,031		193,343
China Motor Corp.		67,200		150,031
China Petrochemical Development Corp.^(a)		1,353,145		584,584
China Steel Chemical Corp.		67,000		288,189
Chin-Poon Industrial Co. Ltd.		134,000		174,865
Chipbond Technology Corp.		252,000		627,041
ChipMOS Technologies Inc.		268,000		506,194
Chong Hong Construction Co. Ltd.		67,424		184,219
Chroma ATE Inc.		134,000		912,339
Chung Hung Steel Corp.		335,000		497,483
Chung Hwa Pulp Corp.^(a)		134,000		108,128
Chung-Hsin Electric & Machinery Manufacturing Corp.		134,000		201,473
Cleanaway Co. Ltd.		29,000		220,400
Clevo Co.		134,000		147,711
Compeq Manufacturing Co. Ltd.		335,000		580,513
Coretronic Corp.		134,400		344,427
Co-Tech Development Corp.		67,000		182,110
CSBC Corp. Taiwan^(a)		201,548		152,097
CTCI Corp.		201,000		295,837
Cub Elecparts Inc.		30,361		171,482
Darfon Electronics Corp.		134,000		219,078
Dynapack International Technology Corp.		67,000		239,672
EirGenix Inc.^(a)		48,000		178,919
Elan Microelectronics Corp.		110,000		653,294
Elite Material Co. Ltd.		103,000		1,010,044


Security	Shares		Value

Taiwan (continued)
Elite Semiconductor Microelectronics Technology Inc.		91,000	$	479,129
ENNOSTAR Inc.^(a)		201,184		577,439
Episil Technologies Inc^(a)		86,963		341,541
Eternal Materials Co. Ltd.		335,399		435,973
Eva Airways Corp.^(a)		871,000		1,026,001
Evergreen International Storage & Transport Corp.		201,000		273,807
Everlight Electronics Co. Ltd.		134,000		241,350
Far Eastern Department Stores Ltd.		469,000		357,008
Far Eastern International Bank		1,024,319		407,567
Faraday Technology Corp.		67,000		671,418
Farglory Land Development Co. Ltd.		67,000		146,583
Feng Hsin Steel Co. Ltd.		187,000		563,972
First Copper Technology Co. Ltd.		67,000		104,685
Fitipower Integrated Technology Inc.		42,512		344,840
FLEXium Interconnect Inc.^(a)		134,418		458,853
FocalTech Systems Co. Ltd.		67,000		371,691
Formosa Sumco Technology Corp.		25,000		232,613
Formosa Taffeta Co. Ltd.		335,000		341,994
Foxsemicon Integrated Technology Inc.		29,200		229,265
Fulgent Sun International Holding Co. Ltd.		67,330		284,516
Fusheng Precision Co. Ltd.		54,000		381,021
General Interface Solution Holding Ltd., NVS		67,000		218,013
Genius Electronic Optical Co. Ltd., NVS		27,585		456,262
Getac Holdings Corp.		134,000		283,146
Gigabyte Technology Co. Ltd.		193,000		988,970
Global Mixed Mode Technology Inc.		24,000		207,705
Global Unichip Corp.		31,000		514,311
Gold Circuit Electronics Ltd.		134,000		392,699
Goldsun Building Materials Co. Ltd.		335,426		318,277
Gourmet Master Co. Ltd.		49,821		203,758
Grand Pacific Petrochemical		335,000		343,600
Grape King Bio Ltd.		67,000		363,348
Great Wall Enterprise Co. Ltd.		268,842		521,830
Greatek Electronics Inc.		134,000		350,714
Hannstar Board Corp.		134,481		216,929
HannStar Display Corp.		804,320		463,898
Highwealth Construction Corp.		268,000		469,515
Holtek Semiconductor Inc.		67,000		261,758
Holy Stone Enterprise Co. Ltd.		67,050		282,435
Hota Industrial Manufacturing Co. Ltd.		67,773		193,692
Hotai Finance Co. Ltd.		67,000		297,751
Hsin Kuang Steel Co. Ltd.		96,000		215,699
HTC Corp.^(a)		268,000		563,815
Huaku Development Co. Ltd.		96,080		311,902
IBF Financial Holdings Co. Ltd.		802,478		454,157
International CSRC Investment Holdings Co.		335,945		308,138
International Games System Co. Ltd.		21,000		519,046
ITE Technology Inc.		67,000		262,781
ITEQ Corp.		76,559		357,308
Jentech Precision Industrial Co. Ltd.		24,000		332,847
Jih Sun Financial Holdings Co. Ltd.		205,436		90,499
Johnson Health Tech Co. Ltd.		87,000		175,140
Kenda Rubber Industrial Co. Ltd.		268,675		289,922
Kindom Development Co. Ltd.		147,400		196,554
King Slide Works Co. Ltd., NVS		14,000		215,241
King Yuan Electronics Co. Ltd.		402,000		633,301
King’s Town Bank Co. Ltd.		335,000		484,058
Kinpo Electronics		469,000		258,728
Kinsus Interconnect Technology Corp.		110,000		915,233
KMC Kuei Meng International Inc.		27,000		186,843


Security	Shares		Value

Taiwan (continued)
LandMark Optoelectronics Corp.		21,400	$	139,694
Lien Hwa Industrial Holdings Corp.		335,525		805,794
Longchen Paper & Packaging Co. Ltd.		268,357		209,084
Lotes Co. Ltd.		24,392		633,529
Lotus Pharmaceutical Co. Ltd.		48,000		193,489
Lung Yen Life Service Corp.		134,000		207,910
Macronix International Co. Ltd.		670,000		1,060,607
Makalot Industrial Co. Ltd.		65,391		516,565
Medigen Vaccine Biologics Corp.^(a)		54,000		449,759
Mercuries & Associates Holding Ltd.		134,579		102,711
Mercuries Life Insurance Co. Ltd.^(a)		493,651		157,387
Merida Industry Co. Ltd.		71,000		723,128
Merry Electronics Co. Ltd.		68,616		201,363
Microbio Co. Ltd.^(a)		128,766		290,591
Mitac Holdings Corp.		469,383		567,408
Nan Kang Rubber Tire Co. Ltd.		174,000		251,002
Nantex Industry Co. Ltd.		115,000		306,330
Nuvoton Technology Corp.		67,000		335,002
OBI Pharma Inc.^(a)		67,184		282,263
Oriental Union Chemical Corp.^(a)		268,000		209,232
Pan Jit International Inc.		122,000		448,689
Pan-International Industrial Corp.		134,722		181,521
PChome Online Inc.		40,305		163,894
Pharmally International Holding Co. Ltd.^(a)(c)		21,603		—
Phison Electronics Corp.		61,000		1,128,630
Pixart Imaging Inc.		67,635		327,217
Powertech Technology Inc.		201,000		681,780
Poya International Co. Ltd.		17,976		260,479
President Securities Corp.		348,623		269,613
Primax Electronics Ltd.		134,000		253,034
Prince Housing & Development Corp.		536,917		265,446
Qisda Corp.		603,000		666,426
Radiant Opto-Electronics Corp.		187,000		676,160
RDC Semiconductor Co. Ltd.^(a)		18,000		275,766
Rexon Industrial Corp. Ltd.		105,000		161,749
RichWave Technology Corp.		34,000		263,261
Ruentex Industries Ltd.		173,000		719,707
Run Long Construction Co. Ltd.		141,800		281,834
Sanyang Motor Co. Ltd.		201,820		204,562
ScinoPharm Taiwan Ltd.		134,708		113,703
SDI Corp.		58,000		277,208
Sercomm Corp.		67,000		175,035
Shin Zu Shing Co. Ltd.		67,856		220,430
Shinkong Synthetic Fibers Corp.		469,135		343,098
Sigurd Microelectronics Corp.		134,124		275,546
Simplo Technology Co. Ltd.		67,600		758,590
Sinbon Electronics Co. Ltd.		67,000		644,117
Sincere Navigation Corp.		134,000		136,799
Sino-American Silicon Products Inc.		189,000		1,242,897
Sinyi Realty Inc.		134,778		163,619
Sitronix Technology Corp.		47,000		497,952
Solar Applied Materials Technology Corp., NVS		134,943		252,510
Sonix Technology Co. Ltd.		67,000		211,465
Standard Foods Corp.		201,000		365,017
Sunny Friend Environmental Technology Co. Ltd.		20,000		142,299
Sunplus Technology Co. Ltd.		201,000		247,745
Supreme Electronics Co. Ltd.		152,705		293,227
Systex Corp.		67,000		197,525
TA Chen Stainless Pipe		529,235		1,011,818
Taichung Commercial Bank Co. Ltd.		1,062,902		509,881


Security	Shares		Value

Taiwan (continued)
TaiMed Biologics Inc.^(a)		67,000	$	166,228
Tainan Spinning Co. Ltd.		402,190		337,762
Taita Chemical Co. Ltd.		73,700		87,109
Taiwan Business Bank		2,078,340		827,337
Taiwan Cogeneration Corp.		201,000		266,072
Taiwan Fertilizer Co. Ltd.		311,000		764,865
Taiwan Glass Industry Corp.		335,000		278,786
Taiwan Hon Chuan Enterprise Co. Ltd.		134,004		360,904
Taiwan Mask Corp.		67,000		240,271
Taiwan Paiho Ltd.		67,050		188,805
Taiwan Secom Co. Ltd.		134,450		493,596
Taiwan Semiconductor Co. Ltd.		67,000		165,609
Taiwan Shin Kong Security Co. Ltd.		201,366		283,080
Taiwan Surface Mounting Technology Corp.		84,000		354,428
Taiwan TEA Corp.^(a)		268,000		205,873
Taiwan Union Technology Corp.		67,000		207,594
Tanvex BioPharma Inc.^(a)		73,862		156,756
Tatung Co. Ltd.^(a)		613,000		691,826
TCI Co. Ltd.		34,528		242,129
Teco Electric and Machinery Co. Ltd.		670,000		723,715
Test Research Inc.		67,000		150,334
Tong Hsing Electronic Industries Ltd.		67,641		708,608
Tong Yang Industry Co. Ltd.		134,133		156,647
Topco Scientific Co. Ltd.		59,000		365,454
TPK Holding Co. Ltd.		134,000		185,660
Transcend Information Inc.		134,000		339,863
Tripod Technology Corp.		134,000		614,368
TSEC Corp.^(a)		134,000		185,185
TSRC Corp.		268,000		339,878
TTY Biopharm Co. Ltd.		67,450		164,742
Tung Ho Steel Enterprise Corp.		223,750		563,585
TXC Corp.		134,000		468,405
U-Ming Marine Transport Corp.		154,000		337,372
Union Bank of Taiwan^(a)		641,226		316,356
United Integrated Services Co. Ltd.		67,400		426,699
United Renewable Energy Co. Ltd.^(a)		570,059		422,650
UPC Technology Corp.		268,741		203,322
USI Corp.		268,070		274,941
Visual Photonics Epitaxy Co. Ltd.		67,425		274,269
Wafer Works Corp.		210,918		554,496
Wah Lee Industrial Corp.		68,340		261,497
Walsin Lihwa Corp.		871,000		880,841
Walsin Technology Corp.		134,000		709,772
Wisdom Marine Lines Co. Ltd.		156,000		507,522
Wistron Corp.		912,000		961,126
Wistron NeWeb Corp.		134,481		342,540
WT Microelectronics Co. Ltd.		134,757		403,809
XinTec Inc.		67,000		289,296
Xxentria Technology Materials Corp.		67,000		166,593
YFY Inc.		402,000		485,594
Yieh Phui Enterprise Co. Ltd.^(a)		268,797		234,653
Yulon Finance Corp.		77,142		561,323
Yulon Motor Co. Ltd.		201,026		295,959
YungShin Global Holding Corp.		134,200		203,769
Yungtay Engineering Co. Ltd.		67,000		153,908


				85,583,898

Thailand — 3.9%
AEON Thana Sinsap Thailand PCL, NVDR		33,500		203,044
Amata Corp. PCL, NVDR^(d)		408,776		268,530
AP Thailand PCL, NVDR		1,086,600		353,199


Security	Shares		Value

Thailand (continued)
Bangchak Corp. PCL, NVDR		509,300	$	485,509
Bangkok Chain Hospital PCL, NVDR^(d)		629,800		368,146
Bangkok Land PCL, NVDR^(d)		6,284,600		200,030
Bangkok Life Assurance PCL, NVDR^(d)		218,900		293,650
Banpu PCL, NVDR^(d)		1,963,100		657,933
Central Plaza Hotel PCL, NVDR^(a)		207,700		219,501
CH Karnchang PCL, NVDR		455,700		294,002
Chularat Hospital PCL, NVDR^(d)		2,586,200		277,286
CK Power PCL, NVDR		1,125,700		176,320
Com7 PCL, NVDR		218,300		554,184
Eastern Polymer Group PCL, NVDR		489,800		148,565
Eastern Water Resources Development and Management PCL, NVDR^(d)		790,600		185,098
Esso Thailand PCL, NVDR^(a)(d)		623,100		143,868
GFPT PCL, NVDR		542,800		217,618
Gunkul Engineering PCL, NVDR^(d)		1,455,299		277,771
Hana Microelectronics PCL, NVDR		221,100		347,997
IRPC PCL, NVDR		4,133,900		484,579
Jasmine International PCL, NVDR^(a)		2,304,800		254,760
Jay Mart PCL, NVDR		180,900		314,469
JMT Network Services PCL, NVDR^(d)		198,600		415,559
KCE Electronics PCL, NVDR		321,900		599,305
Khon Kaen Sugar Industry PCL, NVDR^(a)		1,031,930		107,354
Kiatnakin Phatra Bank PCL, NVDR		120,632		252,670
Major Cineplex Group PCL, NVDR		342,000		211,428
MBK PCL, NVDR^(a)		569,500		218,815
Mega Lifesciences PCL, NVDR		174,200		229,463
Ngern Tid Lor PCL, NVDR^(a)		411,400		474,116
Plan B Media PCL, NVDR^(a)(d)		1,150,380		280,721
Pruksa Holding PCL, NVDR		509,200		224,490
PTG Energy PCL, NVDR^(d)		368,600		163,092
Quality Houses PCL, NVDR		3,236,167		226,370
Sansiri PCL, NVDR		4,944,600		187,281
Siam Global House PCL, NVDR		1		1
Siamgas & Petrochemicals PCL, NVDR		422,200		180,187
Sino-Thai Engineering & Construction PCL, NVDR^(d)		495,828		215,326
Sri Trang Agro-Industry PCL, NVDR		341,780		280,670
Star Petroleum Refining PCL, NVDR^(a)		790,600		217,391
Supalai PCL, NVDR		509,300		342,997
Super Energy Corp. PCL, NVDR		7,584,400		214,015
Thai Vegetable Oil PCL, NVDR^(d)		234,600		233,344
Thanachart Capital PCL, NVDR		120,600		154,739
Thonburi Healthcare Group PCL, NVDR		255,900		389,626
Thoresen Thai Agencies PCL, NVDR		580,500		177,803
Tipco Asphalt PCL, NVDR^(d)		355,100		198,878
Tisco Financial Group PCL, NVDR		73,700		221,094
TOA Paint Thailand PCL, NVDR^(d)		214,400		191,100
TPI Polene Power PCL, NVDR		2,090,400		261,198
TTW PCL, NVDR^(d)		790,600		278,253
VGI PCL, NVDR^(d)		1,775,500		316,706
WHA Corp. PCL, NVDR^(d)		3,618,000		377,646


				14,567,697

Turkey — 1.1%
Anadolu Efes Biracilik Ve Malt Sanayii AS		95,006		166,043
Coca-Cola Icecek AS		32,160		253,209
Dogan Sirketler Grubu Holding AS		582,029		107,238
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		872,494		125,450
Enerjisa Enerji AS^(b)		90,115		86,207
Gubre Fabrikalari TAS^(a)		19,669		108,149
Haci Omer Sabanci Holding AS		381,693		428,569


Security	Shares		Value

Turkey (continued)
Hektas Ticaret TAS^(a)(d)		173,061	$	162,099
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, Class D^(a)		309,741		262,514
Koza Altin Isletmeleri AS^(a)		14,807		122,498
Koza Anadolu Metal Madencilik Isletmeleri AS^(a)		91,924		130,312
Mavi Giyim Sanayi Ve Ticaret AS, Class B^(b)		23,383		94,358
Migros Ticaret AS^(a)(d)		50,515		131,395
MLP Saglik Hizmetleri AS^(a)(b)		49,513		105,893
Nuh Cimento Sanayi AS		23,628		71,702
Otokar Otomotiv Ve Savunma Sanayi AS		4,087		119,689
Oyak Cimento Fabrikalari AS^(a)(d)		185,389		97,264
Pegasus Hava Tasimaciligi AS^(a)(d)		19,893		134,564
Petkim Petrokimya Holding AS^(a)		458,079		256,506
TAV Havalimanlari Holding AS^(a)		86,162		209,674
Tekfen Holding AS^(d)		82,008		109,552
Tofas Turk Otomobil Fabrikasi AS		47,101		273,276
Turk Hava Yollari AO^(a)		195,631		362,137
Turkiye Halk Bankasi AS^(a)(d)		397,578		126,101
Yapi ve Kredi Bankasi AS		1,024,430		264,599


				4,308,998

United Arab Emirates — 0.8%
Agthia Group PJSC		103,180		137,085
Air Arabia PJSC, NVS^(a)		1,037,403		464,821
Al Waha Capital PJSC		314,833		137,037
Al Yah Satellite Communications Co.^(a)		351,482		251,467
Amanat Holdings PJSC^(a)		363,877		113,358
Aramex PJSC		204,314		223,158
Dana Gas PJSC		1,181,813		341,616
Drake & Scull International PJSC^(a)(c)		241,185		7,289
Dubai Financial Market PJSC^(a)		585,111		373,181
Dubai Investments PJSC, NVS		778,308		479,064
Emaar Development PJSC^(a)		313,359		366,567
Ras Al Khaimah Ceramics, NVS		176,746		153,311


				3,047,954


Total Common Stocks — 98.5% (Cost: $344,679,091)				371,398,168


Preferred Stocks

Brazil — 0.9%
Azul SA, Preference Shares, NVS^(a)		115,843		559,784
Banco ABC Brasil SA, Preference Shares, NVS		32,911		98,931
Banco do Estado do Rio Grande do Sul SA, Class B, Preference Shares, NVS		28,922		55,887
Banco Pan SA, Preference Shares, NVS		129,444		249,811
Bradespar SA, Preference Shares, NVS		89,914		517,568
Cia. de Saneamento do Parana, Preference Shares, NVS		129,377		99,983
Cia. Energetica de Sao Paulo, Class B, Preference Shares, NVS		63,315		279,338
Cia. Paranaense de Energia, Preference Shares, NVS		221,552		296,036
Gol Linhas Aereas Inteligentes SA, Preference Shares, NVS^(a)		88,239		288,331
Marcopolo SA, Preference Shares, NVS		216,424		121,109
Metalurgica Gerdau SA, Preference Shares, NVS		288,435		579,697
Randon SA Implementos e Participacoes, Preference Shares, NVS		84,956		173,405
Unipar Carbocloro SA, Class B, Preference Shares, NVS		17,113		312,284


				3,632,164


Security	Shares		Value

Chile — 0.1%
Embotelladora Andina SA, Class B, Preference Shares		120,466	$	262,327


Total Preferred Stocks — 1.0% (Cost: $3,743,606)				3,894,491


Rights

South Korea — 0.0%
BNC Korea Co. Ltd. (Expires 03/08/22)^(a)		4,120		3,941
Taihan Electric Wire Co. Ltd. (Expires 03/22/22)^(a)		50,272		12,752


				16,693

Thailand — 0.0%
Bangchak Corp. PCL (Expires 03/03/22)^(a)		24,666		—
Khon Kaen Sugar (Expires 03/03/22)^(a)		10,138		—
VGI PCL (Expires 03/25/22)^(a)		532,650		13,041


				13,041


Total Rights — 0.0% (Cost: $325,896)				29,734


Short-Term Investments

Money Market Funds — 5.2%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.09%^(f)(g)(h)		19,703,271		19,707,212


Total Short-Term Investments — 5.2% (Cost: $19,706,122)				19,707,212


Total Investments in Securities — 104.7% (Cost: $368,454,715)				395,029,605

Other Assets, Less Liabilities — (4.7)%				(17,848,704	)


Net Assets — 100.0%			$	377,180,901

^(a)	Non-income producing security.

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

^(c)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(d)	All or a portion of this security is on loan.

^(e)	Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $68,056, representing less than 0.05% of its net assets as of period end, and an original cost of $336,376.

^(f)	Affiliate of the Fund.

^(g)	Annualized 7-day yield as of period end.

^(h)	All or a portion of this security was purchased with the cash collateral from loaned securities.

As of period end, the fair values of derivative financial instruments located in the Consolidated Statements of Assets and Liabilities were as follows:

For the period ended February 28, 2022, the effect of derivative financial instruments in the Consolidated Statements of Operations was as follows:

For more information about the Fund’s investment risks regarding derivative financial instruments, refer to the Notes to Consolidated Financial Statements.

iShares, Inc. (the “Company”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Company is organized as a Maryland corporation and is authorized to have multiple series or portfolios.

These consolidated financial statements relate only to the following funds (each, a “Fund” and collectively, the “Funds”):

Basis of Consolidation: The accompanying consolidated financial statements for each Fund includes the accounts of its subsidiary in the Republic of Mauritius, which is a wholly-owned subsidiary (each, a “Subsidiary”) of the Fund that invests in Indian securities. Through this investment structure, each Fund expects to obtain certain benefits under a current tax treaty between Mauritius and India. The net assets of the Subsidiary of iShares Core MSCI Emerging Markets ETF and iShares MSCI Emerging Markets Small-Cap ETF as of period end were $9,577,563,031 and $121,032, which is 13.2% and 0.0% of each respective Fund’s consolidated net assets. Intercompany accounts and transactions, if any, have been eliminated.

As of period end, MSCI Emerging Markets Small-Cap no longer invests in the Subsidiary. Effective February 10, 2022, MSCI Emerging Markets Small-Cap transferred substantially all of the assets of MSCI Emerging Markets Small-Cap’s wholly owned Mauritius Subsidiary to MSCI Emerging Markets Small-Cap through on-exchange transactions in India. MSCI Emerging Markets Small-Cap recognized a realized gain/loss of $23,157,500 as a result of this transaction. After the transfer, MSCI Emerging Markets Small-Cap began making new investments in India directly.

The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:

Investment Transactions and Income Recognition: For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed. Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Dividends from foreign securities where the ex-dividend date may have passed are subsequently recorded when the Funds are informed of the ex-dividend date. Under the applicable foreign tax laws, a withholding tax at various rates may be imposed on capital gains, dividends and interest. Upon notification from issuers or as estimated by management, a portion of the dividend income received from a real estate investment trust may be redesignated as a reduction of cost of the related investment and/or realized gain. Interest income, including amortization and accretion of premiums and discounts on debt securities, is recognized daily on an accrual basis.

Foreign Currency Translation: Each Fund’s books and records are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using prevailing market rates as quoted by one or more data service providers. Purchases and sales of investments are recorded at the rates of exchange prevailing on the respective dates of such transactions. Generally, when the U.S. dollar rises in value against a foreign currency, the investments denominated in that currency will lose value; the opposite effect occurs if the U.S. dollar falls in relative value.

Each Fund does not isolate the effect of fluctuations in foreign exchange rates from the effect of fluctuations in the market prices of investments for financial reporting purposes. Accordingly, the effects of changes in exchange rates on investments are not segregated in the Consolidated Statements of Operations from the effects of changes in market prices of those investments, but are included as a component of net realized and unrealized gain (loss) from investments. Each Fund reports realized currency gains (losses) on foreign currency related transactions as components of net realized gain (loss) for financial reporting purposes, whereas such components are generally treated as ordinary income for U.S. federal income tax purposes.

Foreign Taxes: The Funds may be subject to foreign taxes (a portion of which may be reclaimable) on income, stock dividends, capital gains on investments, or certain foreign currency transactions. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in the foreign jurisdictions in which each Fund invests. These foreign taxes, if any, are paid by each Fund and are reflected in its Consolidated Statements of Operations as follows: foreign taxes withheld at source are presented as a reduction of income, foreign taxes on securities lending income are presented as a reduction of securities lending income, foreign taxes on stock dividends are presented as “Other foreign taxes”, and foreign taxes on capital gains from sales of investments and foreign taxes on foreign currency transactions are included in their respective net realized gain (loss) categories. Foreign taxes payable or deferred as of February 28, 2022, if any, are disclosed in the Consolidated Statements of Assets and Liabilities.

The Funds file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. The Funds may record a reclaim receivable based on collectability, which includes factors such as the jurisdiction’s applicable laws, payment history and market convention. The Consolidated Statements of Operations includes tax reclaims recorded as well as professional and other fees, if any, associated with recovery of foreign withholding taxes.

Each of the iShares Core MSCI Emerging Markets ETF and iShares MSCI Emerging Markets Small-Cap ETF has conducted investment activities in India through its Subsidiary and expects to obtain benefits under the Double Tax Avoidance Agreement (“DTAA”) between India and Mauritius. In order to be eligible to claim benefits under

the DTAA, each Subsidiary must have commercial substance, on an annual basis, to satisfy certain tests and conditions, including the establishment and maintenance of valid tax residence in Mauritius, have the place of effective management outside of India, and related requirements. Each Fund has obtained a current tax residence certificate issued by the Mauritian Revenue Authorities.

Based upon current interpretation and practice of the current tax laws in India and Mauritius and the DTAA, each Subsidiary is subject to tax in Mauritius on its net income at the rate of 15%. However, each Subsidiary is entitled to a tax credit equivalent to the higher of the actual foreign tax incurred or 80% of the Mauritius tax on its foreign source income, thus reducing its maximum effective tax rate to 3% up to June 30, 2021. After June 30, 2021, under the new tax regime and subject to meeting the necessary substance requirements as required under the Financial Services Act 2007 (as amended by the Finance Act 2018) and such guidelines issued by the Financial Services Commission (the “FSC”), each Subsidiary is entitled to either (a) a foreign tax credit equivalent to the actual foreign tax suffered on its foreign income against each Subsidiary’s tax liability computed at 15% on such income, or (b) a partial exemption of 80% of some of the income derived, including interest income or foreign source dividends. Taxes on income, if any, are paid by each Subsidiary and are disclosed in its Consolidated Statements of Operations. Any dividends paid by a Subsidiary to its Fund are not subject to tax in Mauritius. Each Subsidiary is currently exempt from tax in Mauritius on any gains from the sale of securities.

The DTAA provides that capital gains will be taxable in India with respect to the sale of shares acquired on or after April 1, 2017. Capital gains arising from shares acquired before April 1, 2017, regardless of when they are sold, will continue to be exempt from taxation under the amended DTAA, assuming requirements for eligibility under the DTAA are satisfied. There can be no assurance, however, that the DTAA will remain in effect during the Subsidiary’s existence or that it will continue to enjoy its benefits on the shares acquired prior to April 1, 2017.

Segregation and Collateralization: In cases where a Fund enters into certain investments (e.g., futures contracts) that would be treated as “senior securities” for 1940 Act purposes, a Fund may segregate or designate on its books and record cash or liquid assets having a market value at least equal to the amount of its future obligations under such investments. Doing so allows the investment to be excluded from treatment as a “senior security.” Furthermore, if required by an exchange or counterparty agreement, the Funds may be required to deliver/deposit cash and/or securities to/with an exchange, or broker-dealer or custodian as collateral for certain investments or obligations.

In-kind Redemptions: For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Funds. Because such gains or losses are not taxable to the Funds and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Funds’ tax year. These reclassifications have no effect on net assets or net asset value (“NAV”) per share.

Distributions: Dividends and distributions paid by each Fund are recorded on the ex-dividend dates. Distributions are determined on a tax basis and may differ from net investment income and net realized capital gains for financial reporting purposes. Dividends and distributions are paid in U.S. dollars and cannot be automatically reinvested in additional shares of the Funds. The character and timing of distributions are determined in accordance with U.S. federal income tax regulations, which may differ from U.S. GAAP.

Indemnifications: In the normal course of business, each Fund enters into contracts that contain a variety of representations that provide general indemnification. The Funds’ maximum exposure under these arrangements is unknown because it involves future potential claims against the Funds, which cannot be predicted with any certainty.

Investment Valuation Policies: Each Fund’s investments are valued at fair value (also referred to as “market value” within the financial statements) each day that the Fund’s listing exchange is open and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. Each Fund determines the fair values of its financial instruments using various independent dealers or pricing services under policies approved by the Board of Directors of the Company (the “Board”). If a security’s market price is not readily available or does not otherwise accurately represent the fair value of the security, the security will be valued in accordance with a policy approved by the Board as reflecting fair value. The BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) is the committee formed by management to develop global pricing policies and procedures and to oversee the pricing function for all financial instruments.

Fair Value Inputs and Methodologies: The following methods and inputs are used to establish the fair value of each Fund’s assets and liabilities:

Generally, trading in foreign instruments is substantially completed each day at various times prior to the close of trading on the New York Stock Exchange (“NYSE”). Each business day, the Funds use current market factors supplied by independent pricing services to value certain foreign instruments (“Systematic Fair Value Price”). The Systematic Fair Value Price is designed to value such foreign securities at fair value as of the close of trading on the NYSE, which follows the close of the local markets.

If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such investment, or in the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Global Valuation Committee, in accordance with a policy approved by the Board as reflecting fair value (“Fair Valued Investments”). The fair valuation approaches that may be used by the Global Valuation Committee include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Global Valuation Committee, or its delegate, seeks to determine the price that each Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in an arm’s-length transaction. Fair value determinations shall be based upon all available factors that the Global Valuation Committee, or its delegate, deems relevant and consistent with the principles of fair value measurement. The pricing of all Fair Valued Investments is subsequently reported to the Board or a committee thereof on a quarterly basis.

Fair value pricing could result in a difference between the prices used to calculate a fund’s NAV and the prices used by the fund’s underlying index, which in turn could result in a difference between the fund’s performance and the performance of the fund’s underlying index.

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

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

Securities Lending: Each Fund may lend its securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by an approved bank, or securities issued or guaranteed by the U.S. government. The initial collateral received by each Fund is required to have a value of at least 102% of the current market value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund or excess collateral is returned by the Fund, on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities but does not receive interest income on securities received as collateral. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

As of period end, any securities on loan were collateralized by cash and/or U.S. Government obligations. Cash collateral invested in money market funds managed by BlackRock Fund Advisors (“BFA”), the Funds’ investment adviser, or its affiliates is disclosed in the Schedule of Investments. Any non-cash collateral received cannot be sold, re-invested or pledged by the Fund, except in the event of borrower default. The securities on loan, if any, are also disclosed in each Fund’s Schedule of Investments. The market value of any securities on loan and the value of any related cash collateral are disclosed in the Statements of Assets and Liabilities.

Securities lending transactions are entered into by the Funds under Master Securities Lending Agreements (each, an “MSLA”) which provide the right, in the event of default (including bankruptcy or insolvency) for the non-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. In the event that a borrower defaults, the Funds, as lender, would offset the market value of the collateral received against the market value of the securities loaned. When the value of the collateral is greater than that of the market value of the securities loaned, the lender is left with a net amount payable to the defaulting party. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of an MSLA counterparty’s bankruptcy or insolvency. Under the MSLA, absent an event of default, the borrower can resell or re-pledge the loaned securities, and the Funds can reinvest cash collateral received in connection with loaned securities. Upon an event of default, the parties’ obligations to return the securities or collateral to the other party are extinguished, and the parties can resell or re-pledge the loaned securities or the collateral received in connection with the loaned securities in order to satisfy the defaulting party’s net payment obligation for all transactions under the MSLA. The defaulting party remains liable for any deficiency.

As of period end, the following table is a summary of the securities on loan by counterparty which are subject to offset under an MSLA:

The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by BlackRock, Inc. (“BlackRock”). BlackRock’s indemnity allows for full replacement of the securities loaned to the extent the collateral received does not cover the value of the securities loaned in the event of borrower default. Each Fund could incur a loss if the value of an investment purchased with cash collateral falls below the market value of the loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. Such losses are borne entirely by each Fund.

Futures Contracts: Futures contracts are purchased or sold to gain exposure to, or manage exposure to, changes in interest rates (interest rate risk) and changes in the value of equity securities (equity risk) or foreign currencies (foreign currency exchange rate risk).

Futures contracts are exchange-traded agreements between the Funds and a counterparty to buy or sell a specific quantity of an underlying instrument at a specified price and on a specified date. Depending on the terms of a contract, it is settled either through physical delivery of the underlying instrument on the settlement date or by payment of a cash amount on the settlement date. Upon entering into a futures contract, the Funds are required to deposit initial margin with the broker in the form of cash or securities in an amount that varies depending on a contract’s size and risk profile. The initial margin deposit must then be maintained at an established level over the life of the contract. Amounts pledged, which are considered restricted, are included in cash pledged for futures contracts in the Consolidated Statements of Assets and Liabilities.

Securities deposited as initial margin are designated in the Consolidated Schedule of Investments and cash deposited, if any, are shown as cash pledged for futures contracts in the Consolidated Statements of Assets and Liabilities. Pursuant to the contract, the Funds agree to receive from or pay to the broker an amount of cash equal to the daily fluctuation in market value of the contract (“variation margin”). Variation margin is recorded as unrealized appreciation (depreciation) and, if any, shown as variation margin receivable (or payable) on futures contracts in the Consolidated Statements of Assets and Liabilities. When the contract is closed, a realized gain or loss is recorded in the Consolidated Statements of Operations equal to the difference between the notional amount of the contract at the time it was opened and the notional amount at the time it was closed. The use of futures contracts involves the risk of an imperfect correlation in the movements in the price of futures contracts and interest rates, foreign currency exchange rates or underlying assets.

Investment Advisory Fees: Pursuant to an Investment Advisory Agreement with the Company, BFA manages the investment of each Fund’s assets. BFA is a California corporation indirectly owned by BlackRock. Under the Investment Advisory Agreement, BFA is responsible for substantially all expenses of the Funds, except (i) interest and taxes; (ii) brokerage commissions and other expenses connected with the execution of portfolio transactions; (iii) distribution fees; (iv) the advisory fee payable to BFA; and (v) litigation expenses and any extraordinary expenses (in each case as determined by a majority of the independent directors).

For its investment advisory services to each of the following Funds, BFA is entitled to an annual investment advisory fee, accrued daily and paid monthly by the Funds, based on the average daily net assets of each Fund as follows:

For its investment advisory services to the iShares Core MSCI Emerging Markets ETF, BFA is entitled to an annual investment advisory fee of 0.11%, accrued daily and paid monthly by the Fund, based on the average daily net assets of the Fund.

For its investment advisory services to each of the iShares MSCI BRIC and iShares MSCI Emerging Markets Small-Cap ETFs, BFA is entitled to an annual investment advisory fee, accrued daily and paid monthly by the Funds, based on each Fund’s allocable portion of the aggregate of the average daily net assets of the Fund and certain other iShares funds, as follows:

Each Subsidiary has entered into a separate contract with BFA under which BFA provides investment advisory services to the Subsidiary but does not receive separate compensation from the Subsidiary for providing it with such services. Each Subsidiary has also entered into separate arrangements that provide for the provision of other services to the Subsidiary (including administrative, custody, transfer agency and other services), and BFA pays the costs and expenses related to the provision of those services.

Expense Waivers: The total of the investment advisory fee and any fund other expenses are a fund’s total annual operating expenses. For the iShares Core MSCI Emerging Markets ETF, BFA has contractually agreed to waive a portion of its investment advisory fee through December 31, 2025 in order to limit the Fund’s total annual operating expenses after fee waiver to 0.11% of average daily net assets.

This amount is included in investment advisory fees waived in the Consolidated Statements of Operations. For the six months ended February 28, 2022, the amounts waived in investment advisory fees pursuant to this arrangement were as follows:

Distributor: BlackRock Investments, LLC, an affiliate of BFA, is the distributor for each Fund. Pursuant to the distribution agreement, BFA is responsible for any fees or expenses for distribution services provided to the Funds.

Securities Lending: The U.S. Securities and Exchange Commission (the “SEC”) has issued an exemptive order which permits BlackRock Institutional Trust Company, N.A. (“BTC”), an affiliate of BFA, to serve as securities lending agent for the Funds, subject to applicable conditions. As securities lending agent, BTC bears all operational costs directly related to securities lending, including any custodial costs. Each Fund is responsible for fees in connection with the investment of cash collateral received for securities on loan (the “collateral investment fees”). The cash collateral is invested in a money market fund, BlackRock Cash Funds: Institutional or BlackRock Cash Funds: Treasury, managed by BFA, or its affiliates. However, BTC has agreed to reduce the amount of securities lending income it receives in order to effectively limit the collateral investment fees each Fund bears to an annual rate of 0.04%. The SL Agency Shares of such money market fund will not be subject to a sales load, distribution fee or service fee. The money market fund in which the cash collateral has been invested may, under certain circumstances, impose a liquidity fee of up to 2% of the value redeemed or temporarily restrict redemptions for up to 10 business days during a 90 day period, in the event that the money market fund’s weekly liquid assets fall below certain thresholds.

Securities lending income is equal to the total of income earned from the reinvestment of cash collateral, net of fees and other payments to and from borrowers of securities, and less the collateral investment fees. Each Fund retains a portion of securities lending income and remits the remaining portion to BTC as compensation for its services as securities lending agent.

Pursuant to the current securities lending agreement, each Fund retains 82% of securities lending income (which excludes collateral investment fees) and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

In addition, commencing the business day following the date that the aggregate securities lending income plus the collateral investment fees generated across all 1940 Act iShares exchange-traded funds (the “iShares ETF Complex”) in that calendar year exceeds a specified threshold, each Fund, pursuant to the securities lending agreement, will retain for the remainder of that calendar year 85% of securities lending income (which excludes collateral investment fees), and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.

The share of securities lending income earned by each Fund is shown as securities lending income – affiliated – net in its Consolidated Statements of Operations. For the six months ended February 28, 2022, the Funds paid BTC the following amounts for securities lending agent services:

Officers and Directors: Certain officers and/or directors of the Company are officers and/or directors of BlackRock or its affiliates.

Other Transactions: Cross trading is the buying or selling of portfolio securities between funds to which BFA (or an affiliate) serves as investment adviser. At its regularly scheduled quarterly meetings, the Board reviews such transactions as of the most recent calendar quarter for compliance with the requirements and restrictions set forth by Rule 17a-7.

For the six months ended February 28, 2022, transactions executed by the Funds pursuant to Rule 17a-7 under the 1940 Act were as follows:

Each Fund may invest its positive cash balances in certain money market funds managed by BFA or an affiliate. The income earned on these temporary cash investments is shown as dividends – affiliated in the Statements of Operations.

A fund, in order to improve its portfolio liquidity and its ability to track its underlying index, may invest in shares of other iShares funds that invest in securities in the fund’s underlying index.

For the six months ended February 28, 2022, purchases and sales of investments, excluding short-term investments and in-kind transactions, were as follows:

For the six months ended February 28, 2022, in-kind transactions were as follows:

Each Fund is treated as an entity separate from the Company’s other funds for federal income tax purposes. It is each Fund’s policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.

Management has analyzed tax laws and regulations and their application to the Funds as of February 28, 2022, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds’ financial statements.

As of August 31, 2021, the Funds had non-expiring capital loss carryforwards available to offset future realized capital gains as follows:

A fund may own shares in certain foreign investment entities, referred to, under U.S. tax law, as “passive foreign investment companies.” Such fund may elect to mark-to-market annually the shares of each passive foreign investment company and would be required to distribute to shareholders any such marked-to-market gains.

As of February 28, 2022, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:

The Funds, along with certain other iShares funds (“Participating Funds”), are parties to a $800 million credit agreement (“Syndicated Credit Agreement”) with a group of lenders, which expires on August 12, 2022. The line of credit may be used for temporary or emergency purposes, including redemptions, settlement of trades and rebalancing of portfolio holdings in certain target markets. The Funds may borrow up to the aggregate commitment amount subject to asset coverage and other limitations as specified in the Syndicated Credit Agreement. The Syndicated Credit Agreement has the following terms: a commitment fee of 0.15% per annum on the unused portion of the credit agreement and interest at a rate equal to the higher of (a) the one-month LIBOR rate (not less than zero) plus 1.00% per annum or (b) the U.S. Federal Funds rate (not less than zero) plus 1.00% per annum on amounts borrowed. The commitment fee is generally allocated to each Participating Fund based on the lesser of a Participating Fund’s relative exposure to certain target markets or a Participating Fund’s maximum borrowing amount as set forth by the terms of the Syndicated Credit Agreement.

During the six months ended February 28, 2022, the iShares Core MSCI Emerging Markets ETF did not borrow under the Syndicated Credit Agreement.

For the six months ended February 28, 2022, the maximum amount borrowed, the average daily borrowing and the weighted average interest rate, if any, under the Syndicated Credit Agreement were as follows:

The iShares Core MSCI Emerging Markets ETF, along with certain other iShares funds (“Mauritius Participating Funds”), is a party to a $750,000,000 unsecured and uncommitted line of credit (“Uncommitted Liquidity Facility”) with State Street Bank and Trust Company, which may be used solely to facilitate trading associated with the closure of the Fund’s Mauritius subsidiary. The Uncommitted Liquidity Facility has interest at a rate equal to the higher of (a) the U.S. Federal Funds rate (not less than zero) plus 1.25% per annum or (b) the Overnight Bank Funding rate (not less than zero) plus 1.25% per annum on amounts borrowed. Each Mauritius Participating Fund will be removed from the Uncommitted Liquidity Facility once trading out of its holdings in the Mauritius subsidiary is complete. During the six months ended February 28, 2022, the Fund did not borrow under the Uncommitted Liquidity Facility.

In the normal course of business, each Fund invests in securities or other instruments and may enter into certain transactions, and such activities subject the Fund to various risks, including, among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Funds and their investments. Each Fund’s prospectus provides details of the risks to which the Fund is subject.

BFA uses a “passive” or index approach to try to achieve each Fund’s investment objective following the securities included in its underlying index during upturns as well as downturns. BFA does not take steps to reduce market exposure or to lessen the effects of a declining market. Divergence from the underlying index and the composition of the portfolio is monitored by BFA.

The Funds may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may be subject to redemption gates or liquidity fees under certain circumstances.

Market Risk: Investments in the securities of issuers domiciled in countries with emerging capital markets involve certain additional risks that do not generally apply to investments in securities of issuers in more developed capital markets, such as (i) low or nonexistent trading volume, resulting in a lack of liquidity and increased volatility in prices for such securities; (ii) uncertain national policies and social, political and economic instability, increasing the potential for expropriation of assets, confiscatory taxation, high rates of inflation or unfavorable diplomatic developments; (iii) lack of publicly available or reliable information about issuers as a result of not being subject to the same degree of regulatory requirements and accounting, auditing and financial reporting standards; and (iv) possible fluctuations in exchange rates, differing legal systems and the existence or possible imposition of exchange controls, custodial restrictions or other foreign or U.S. governmental laws or restrictions applicable to such investments.

An outbreak of respiratory disease caused by a novel coronavirus has developed into a global pandemic and has resulted in closing borders, quarantines, disruptions to supply chains and customer activity, as well as general concern and uncertainty. The impact of this pandemic, and other global health crises that may arise in the future, could affect the economies of many nations, individual companies and the market in general in ways that cannot necessarily be foreseen at the present time. This pandemic

may result in substantial market volatility and may adversely impact the prices and liquidity of a fund’s investments. Although vaccines have been developed and approved for use by various governments, the duration of this pandemic and its effects cannot be determined with certainty.

Valuation Risk: The market values of equities, such as common stocks and preferred securities or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company. They may also decline due to factors which affect a particular industry or industries. A fund may invest in illiquid investments. An illiquid investment is any investment that a fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the investment. A fund may experience difficulty in selling illiquid investments in a timely manner at the price that it believes the investments are worth. Prices may fluctuate widely over short or extended periods in response to company, market or economic news. Markets also tend to move in cycles, with periods of rising and falling prices. This volatility may cause a fund’s NAV to experience significant increases or decreases over short periods of time. If there is a general decline in the securities and other markets, the NAV of a fund may lose value, regardless of the individual results of the securities and other instruments in which a fund invests.

The price each Fund could receive upon the sale of any particular portfolio investment may differ from each Fund’s valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair valuation technique or a price provided by an independent pricing service. Changes to significant unobservable inputs and assumptions (i.e., publicly traded company multiples, growth rate, time to exit) due to the lack of observable inputs.

Counterparty Credit Risk: The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Funds manage counterparty credit risk by entering into transactions only with counterparties that the Manager believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds’ exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.

A derivative contract may suffer a mark-to-market loss if the value of the contract decreases due to an unfavorable change in the market rates or values of the underlying instrument. Losses can also occur if the counterparty does not perform under the contract.

With exchange-traded futures, there is less counterparty credit risk to the Funds since the exchange or clearinghouse, as counterparty to such instruments, guarantees against a possible default. The clearinghouse stands between the buyer and the seller of the contract; therefore, credit risk is limited to failure of the clearinghouse. While offset rights may exist under applicable law, a Fund does not have a contractual right of offset against a clearing broker or clearinghouse in the event of a default (including the bankruptcy or insolvency). Additionally, credit risk exists in exchange-traded futures with respect to initial and variation margin that is held in a clearing broker’s customer accounts. While clearing brokers are required to segregate customer margin from their own assets, in the event that a clearing broker becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the clearing broker for all its clients, typically the shortfall would be allocated on a pro rata basis across all the clearing broker’s customers, potentially resulting in losses to the Funds.

Concentration Risk: A diversified portfolio, where this is appropriate and consistent with a fund’s objectives, minimizes the risk that a price change of a particular investment will have a material impact on the NAV of a fund. The investment concentrations within each Fund’s portfolio are disclosed in its Schedule of Investments.

Certain Funds invest a significant portion of their assets in issuers located in a single country or a limited number of countries. When a Fund concentrates its investments in this manner, it assumes the risk that economic, regulatory, political and social conditions in that country or those countries may have a significant impact on the fund and could affect the income from, or the value or liquidity of, the Fund’s portfolio. Unanticipated or sudden political or social developments may cause uncertainty in the markets and as a result adversely affect the Fund’s investments. Foreign issuers may not be subject to the same uniform accounting, auditing and financial reporting standards and practices as used in the United States. Foreign securities markets may also be more volatile and less liquid than U.S. securities and may be less subject to governmental supervision not typically associated with investing in U.S. securities. Investment percentages in specific countries are presented in the Schedule of Investments.

Certain Funds invest a significant portion of their assets in securities of issuers located in Russia or with significant exposure to Russian issuers or countries. Russia launched a large-scale invasion of Ukraine on February 24, 2022. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. Jurisdictions have instituted broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in Russia’s stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by the Russian military action or any response to such activity from the international community may negatively impact Russia’s economy and Russian issuers of securities in which the Fund invests.

Certain Funds invest a significant portion of their assets in securities of issuers located in China or with significant exposure to Chinese issuers or countries. Investments in Chinese securities, including certain Hong Kong-listed securities, involves risks specific to China. China may be subject to considerable degrees of economic, political and social instability and demonstrates significantly higher volatility from time to time in comparison to developed markets. Chinese markets generally continue to experience inefficiency, volatility and pricing anomalies resulting from governmental influence, a lack of publicly available information and/or political and social instability. Internal social unrest or confrontations with other neighboring countries may disrupt economic development in China and result in a greater risk of currency fluctuations, currency non-convertibility, interest rate fluctuations and higher rates of inflation. Incidents involving China’s or the region’s security may cause uncertainty in Chinese markets and may adversely affect the Chinese economy and a fund’s investments. Reduction in spending on Chinese products and services, institution of tariffs or other trade barriers, or a downturn in any of the economies of China’s key trading partners may have an adverse impact on the Chinese economy. In addition, measures may be taken to limit the flow of capital and/or sanctions may be imposed, which could prohibit or restrict the ability to own or transfer fund assets and may also include retaliatory actions, such as seizure of fund assets.

Certain Funds invest a significant portion of their assets in securities of issuers located in Asia or with significant exposure to Asian issuers or countries. The Asian financial markets have recently experienced volatility and adverse trends due to concerns in several Asian countries regarding monetary policy, government intervention in the markets, rising government debt levels or economic downturns. These events may spread to other countries in Asia and may affect the value and liquidity of certain of the Funds’ investments.

Certain Funds invest a significant portion of their assets in securities within a single or limited number of market sectors. When a Fund concentrates its investments in this manner, it assumes the risk that economic, regulatory, political and social conditions affecting such sectors may have a significant impact on the fund and could affect the income from, or the value or liquidity of, the fund’s portfolio.

Significant Shareholder Redemption Risk: Certain shareholders may own or manage a substantial amount of fund shares and/or hold their fund investments for a limited period of time. Large redemptions of fund shares by these shareholders may force a Fund to sell portfolio securities, which may negatively impact the fund’s NAV, increase the fund’s brokerage costs, and/or accelerate the realization of taxable income/gains and cause the fund to make additional taxable distributions to shareholders.

LIBOR Transition Risk: The United Kingdom’s Financial Conduct Authority announced a phase out of the London Interbank Offered Rate (“LIBOR”). Although many LIBOR rates ceased to be published or no longer are representative of the underlying market they seek to measure after December 31, 2021, a selection of widely used USD LIBOR rates will continue to be published through June 2023 in order to assist with the transition. The Funds may be exposed to financial instruments tied to LIBOR to determine payment obligations, financing terms, hedging strategies or investment value. The transition process away from LIBOR might lead to increased volatility and illiquidity in markets for, and reduce the effectiveness of new hedges placed against, instruments whose terms currently include LIBOR. The ultimate effect of the LIBOR transition process on the Funds is uncertain.

Capital shares are issued and redeemed by each Fund only in aggregations of a specified number of shares or multiples thereof (“Creation Units”) at NAV. Except when aggregated in Creation Units, shares of each Fund are not redeemable.

The consideration for the purchase of Creation Units of a fund in the Company generally consists of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Certain funds in the Company may be offered in Creation Units solely or partially for cash in U.S. dollars. Investors purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to State Street Bank and Trust Company, the Company’s administrator, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. Investors transacting in Creation Units for cash may also pay an additional variable charge to compensate the relevant fund for certain transaction costs (i.e., stamp taxes, taxes on currency or other financial transactions, and brokerage costs) and market impact expenses relating to investing in portfolio securities. Such variable charges, if any, are included in shares sold in the table above.

From time to time, settlement of securities related to in-kind contributions or in-kind redemptions may be delayed. In such cases, securities related to in-kind transactions are reflected as a receivable or a payable in the Statements of Assets and Liabilities.

Management’s evaluation of the impact of all subsequent events on the Funds’ financial statements was completed through the date the financial statements were available to be issued and the following items were noted:

In response to recent negative developments that led to a material deterioration in the accessibility of the Russian equity market to international institutional investors, MSCI announced on March 2, 2022 that they would remove all Russian securities from their indexes effective March 9, 2022. On March 8, 2022 in response to MSCI’s announcement, the Board approved a proposal to change the name of the Fund from iShares MSCI BRIC ETF to iShares MSCI BIC ETF and to change the Fund’s investment objective. These changes became effective on March 10, 2022.

Effective March 31, 2022, BFA reduced the investment advisory fee for iShares Core MSCI Emerging Markets ETF from 0.11% to 0.09%.

In compliance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”), iShares, Inc. (the “Company”) has adopted and implemented a liquidity risk management program (the “Program”) for iShares Core MSCI Emerging Markets ETF, iShares MSCI BRIC ETF, iShares MSCI Emerging Markets Asia ETF and iShares MSCI Emerging Markets Small-Cap ETF (the “Funds” or “ETFs”), each a series of the Company, which is reasonably designed to assess and manage each Fund’s liquidity risk.

The Board of Directors (the “Board”) of the Company, on behalf of the Funds, met on December 9, 2021 (the “Meeting”) to review the Program. The Board previously appointed BlackRock Fund Advisors (“BlackRock”), the investment adviser to the Funds, as the program administrator for each Fund’s Program. BlackRock also previously delegated oversight of the Program to the 40 Act Liquidity Risk Management Committee (the “Committee”). At the Meeting, the Committee, on behalf of BlackRock, provided the Board with a report that addressed the operation of the Program and assessed its adequacy and effectiveness of implementation, including the management of each Fund’s Highly Liquid Investment Minimum (“HLIM”) where applicable, and any material changes to the Program (the “Report”). The Report covered the period from October 1, 2020 through September 30, 2021 (the “Program Reporting Period”).

The Report described the Program’s liquidity classification methodology for categorizing each Fund’s investments (including derivative transactions) into one of four liquidity buckets. It also referenced the methodology used by BlackRock to establish each Fund’s HLIM and noted that the Committee reviews and ratifies the HLIM assigned to each Fund no less frequently than annually. The Report also discussed notable events affecting liquidity over the Program Reporting Period, including extended market holidays and the imposition of capital controls in certain non-U.S. countries.

The Report noted that the Program complied with the key factors for consideration under the Liquidity Rule for assessing, managing and periodically reviewing each Fund’s liquidity risk, as follows:

As part of BlackRock’s continuous review of the effectiveness of the Program, the Committee made the following material changes to the Program: (1) updates to certain model components in the Program’s methodology; and (2) certain iShares Funds entered into a $800 million credit agreement with a group of lenders that replaced a previous liquidity facility. The Report provided to the Board stated that the Committee concluded that based on the operation of the functions, as described in the Report, the Program is operating as intended and is effective in implementing the requirements of the Liquidity Rule.

On October 28, 2020, the Securities and Exchange Commission (the “SEC”) adopted regulations governing the use of derivatives by registered investment companies (“Rule 18f-4”). The Funds will be required to implement and comply with Rule 18f-4 by August 19, 2022. Once implemented, Rule 18f-4 will impose limits on the amount of derivatives a fund can enter into, eliminate the asset segregation framework currently used by funds to comply with Section 18 of the 1940 Act, treat derivatives as senior securities and require funds whose use of derivatives is more than a limited specified exposure amount to establish and maintain a comprehensive derivatives risk management program and appoint a derivatives risk manager.

The amounts and sources of distributions reported are estimates and are being provided pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources for tax reporting purposes will depend upon each Fund’s investment experience during the year and may be subject to changes based on tax regulations. Shareholders will receive a Form 1099-DIV each calendar year that will inform them how to report these distributions for federal income tax purposes.

Shareholders can sign up for e-mail notifications announcing that the shareholder report or prospectus has been posted on the iShares website at iShares.com. Once you have enrolled, you will no longer receive prospectuses and shareholder reports in the mail.

Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents and Rule 30e-3 notices can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.

The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to their reports on Form N-PORT. The Funds’ Forms N-PORT are available on the SEC’s website at sec.gov. Additionally, each Fund makes its portfolio holdings for the first and third quarters of each fiscal year available at iShares.com/fundreports.

A description of the policies and procedures that the iShares Funds use to determine how to vote proxies relating to portfolio securities and information about how the iShares Funds voted proxies relating to portfolio securities during the most recent twelve-month period ending June 30 is available without charge, upon request (1) by calling toll-free 1-800-474-2737; (2) on the iShares website at iShares.com; and (3) on the SEC website at sec.gov.

A description of the Company’s policies and procedures with respect to the disclosure of the Fund’s portfolio securities is available in the Fund Prospectus. The Fund discloses its portfolio holdings daily and provides information regarding its top holdings in Fund fact sheets at iShares.com.

This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.

The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by MSCI Inc., nor does this company make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the company listed above.


				Average Annual Total Returns									Cumulative Total Returns

	6 Months			1 Year			5 Years			Since Inception			1 Year			5 Years			Since Inception

Fund NAV		(9.58	)%		(9.49	)%		6.96	%		4.03	%		(9.49	)%		39.97	%		44.74	%
Fund Market		(8.65	)		(8.92	)		7.24			4.11			(8.92	)		41.81			45.89
Index		(9.52	)		(9.06	)		7.08			4.08			(9.06	)		40.75			45.44


Actual					Hypothetical 5% Return


	Beginning Account Value (09/01/21)	Ending Account Value (02/28/22)	Expenses Paid During the Period	^(a)		Beginning Account Value (09/01/21)	Ending Account Value (02/28/22)	Expenses Paid During the Period	^(a)	Annualized Expense Ratio

	$ 1,000.00	$ 904.20	$ 0.52			$ 1,000.00	$ 1,024.20	$ 0.55		0.11	%



Sector	Percent of Total Investments	^(a)

Information Technology	21.6	%
Financials	19.9
Consumer Discretionary	12.7
Communication Services	9.6
Materials	9.6
Industrials	6.6
Consumer Staples	5.9
Energy	4.4
Health Care	4.4
Real Estate	2.7
Utilities	2.6


				Average Annual Total Returns									Cumulative Total Returns

	6 Months			1 Year			5 Years			10 Years			1 Year			5 Years			10 Years

Fund NAV		(16.95	)%		(22.90	)%		4.82	%		1.46	%		(22.90	)%		26.54	%		15.54	%
Fund Market		(14.84	)		(21.81	)		5.20			1.68			(21.81	)		28.86			18.13
Index		(15.84	)		(21.03	)		5.73			2.20			(21.03	)		32.10			24.30


Actual					Hypothetical 5% Return


	Beginning Account Value (09/01/21)	Ending Account Value (02/28/22)	Expenses Paid During the Period	^(a)		Beginning Account Value (09/01/21)	Ending Account Value (02/28/22)	Expenses Paid During the Period	^(a)	Annualized Expense Ratio

	$ 1,000.00	$ 830.50	$ 3.13			$ 1,000.00	$ 1,021.40	$ 3.46		0.69	%


2		T H I S P A G E I S N O T P A R T O F Y O U R F U N D R E P O R T


		Page

The Markets in Review		2
Fund Summary		4
About Fund Performance		8
Shareholder Expenses		8
Schedules of Investments		9
Financial Statements
Statements of Assets and Liabilities		69
Statements of Operations		70
Statements of Changes in Net Assets		71
Financial Highlights		73
Notes to Financial Statements		77
Statement Regarding Liquidity Risk Management Program		87
Supplemental Information		88
General Information		89
Glossary of Terms Used in this Report		90


Fund Summary as of February 28, 2022		iShares^® Core MSCI Emerging Markets ETF



Country/Geographic Region	Percent of Total Investments	^(a)

China	29.3	%
Taiwan	17.0
India	13.6
South Korea	12.8
Brazil	5.1
Saudi Arabia	3.8
South Africa	3.8
Thailand	2.1
Mexico	2.1
Indonesia	1.7


4		2 0 2 2 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S


Fund Summary as of February 28, 2022		iShares^® MSCI BRIC ETF


Fund Summary as of February 28, 2022		iShares^® MSCI Emerging Markets Asia ETF


Fund Summary as of February 28, 2022		iShares^® MSCI Emerging Markets Small-Cap ETF




Affiliated Issuer	Value at 08/31/21		Purchases at Cost			Proceeds from Sales			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value at 02/28/22		Shares Held at 02/28/22		Income			Capital Gain Distributions from Underlying Funds


BlackRock Cash Funds: Institutional, SL Agency Shares	$	3,768,443,333	$	—		$	(1,001,652,438	)^(a)	$	(392,780	)	$	(590,174	)	$	2,765,807,941		2,765,254,890	$	40,181,673	^(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		179,420,000		128,370,000	^(a)		—			—			—			307,790,000		307,790,000		19,148			—


									$	(392,780	)	$	(590,174	)	$	3,073,597,941			$	40,200,821		$	—




Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)


Long Contracts
MSCI Emerging Markets Index		1,041		03/18/22	$	61,185	$	(626,179	)


				Average Annual Total Returns									Cumulative Total Returns


	6 Months			1 Year			5 Years			10 Years			1 Year			5 Years			10 Years

Fund NAV		(6.92	)%		4.26	%		7.77	%		4.42	%		4.26	%		45.40	%		54.15	%
Fund Market		(6.43	)		3.82			7.85			4.39			3.82			45.91			53.60
Index		(7.45	)		4.36			7.81			4.69			4.36			45.63			58.13




	Equity Contracts


Liabilities — Derivative Financial Instruments
Futures contracts
Unrealized depreciation on futures contracts^(a)	$	626,179




	Equity Contracts


Net Realized Gain (Loss) from:
Futures contracts	$	(6,381,509	)


Net Change in Unrealized Appreciation (Depreciation) on:
Futures contracts	$	(2,570,565	)




Futures contracts:
Average notional value of contracts — long	$	112,242,793




	Level 1			Level 2		Level 3		Total


Investments
Assets
Common Stocks	$	7,636,286,225		$	63,151,760,894	$	385,826,718	$	71,173,873,837
Preferred Stocks		35,520,828			1,442,032,428		6,331,924		1,483,885,180
Rights		—			1,664,000		—		1,664,000
Money Market Funds		3,073,597,941			—		—		3,073,597,941


	$	10,745,404,994		$	64,595,457,322	$	392,158,642	$	75,733,020,958

Derivative financial instruments^(a)
Liabilities
Futures Contracts	$	(626,179	)	$	—	$	—	$	(626,179	)




Futures contracts:
Average notional value of contracts — long	$	231,485




	Common Stocks			Preferred Stocks			Total


Assets:
Opening balance, as of August 31, 2021	$	44,066		$	—		$	44,066
Transfers into Level 3^(a)		9,028,611			129,604			9,158,215
Transfers out of Level 3		(—	)		(—	)		(—	)
Accrued discounts/premiums		—			—			—
Net realized gain (loss)		(42,595	)		(2,899	)		(45,494	)
Net change in unrealized appreciation (depreciation)^(b)(c)		(6,711,017	)		(78,540	)		(6,789,557	)
Purchases		202,167			—			202,167
Sales		(1,263,646	)		(27,356	)		(1,291,002	)


Closing balance, as of February 28, 2022	$	1,257,586		$	20,809		$	1,278,395


Net change in unrealized appreciation (depreciation) on investment still held at February 28, 2022	$	(6,881,887	)	$	(82,297	)	$	(6,964,184	)




Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)

Long Contracts
MSCI China Index		2		03/18/22	$	58	$	(4,129	)




Description	Number of Contracts		Expiration Date		Notional Amount (000)		Value/ Unrealized Appreciation (Depreciation)


MSCI Emerging Markets Index		8		03/18/22	$	470	$	(26,916	)


							$	(31,045	)




	Equity Contracts


Net Realized Gain (Loss) from:
Futures contracts		$	(19,320	)


Net Change in Unrealized Appreciation (Depreciation) on:
Futures contracts		$	(58,286	)



Futures contracts:
Average notional value of contracts — long	$	630,653




Affiliated Issuer	Value at 08/31/21		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value at 02/28/22		Shares Held at 02/28/22		Income			Capital Gain Distributions from Underlying Funds


BlackRock Cash Funds: Institutional, SL Agency Shares	$	20,739,436	$	—	$	(1,027,148	)^(a)	$	(2,296	)	$	(2,780	)	$	19,707,212		19,703,271	$	406,888	^(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares^(c)		2,250,000		—		(2,250,000	)^(a)		—			—			—		—		85			—


								$	(2,296	)	$	(2,780	)	$	19,707,212			$	406,973		$	—




	Equity Contracts


Liabilities — Derivative Financial Instruments
Futures contracts
Unrealized depreciation on futures contracts^(a)	$	39,473




Futures contracts:
Average notional value of contracts — long	$	1,345,102


	iShares Core MSCI Emerging Markets ETF (Consolidated)		iShares MSCI BRIC ETF			iShares MSCI Emerging Markets Asia ETF			iShares MSCI Emerging Markets Small-Cap ETF (Consolidated)


ASSETS
Investments in securities, at value (including securities on loan)^(a):
Unaffiliated^(b)	$	72,659,423,017	$	115,914,424		$	777,235,258		$	375,322,393
Affiliated^(c)		3,073,597,941		2,903,734			10,710,066			19,707,212
Cash		4,820,161		6,562			95,966			548,231
Foreign currency, at value^(d)		59,247,472		55,388			466,492			970,199
Cash pledged:
Futures contracts		5,737,000		3,000			21,000			47,000
Receivables:
Investments sold		224,449,002		672,554			3,661,176			8,537,034
Securities lending income — Affiliated		6,050,904		1,277			7,350			58,831
Dividends		132,534,913		61,071			1,481,182			849,417
Tax reclaims		1,263,778		—			—			6,751


Total assets		76,167,124,188		119,618,010			793,678,490			406,047,068


LIABILITIES
Collateral on securities loaned, at value		2,766,498,123		1,922,961			8,611,614			19,749,274
Deferred foreign capital gain tax		295,357,466		812,019			2,517,218			—
Payables:
Investments purchased		313,349,644		728,342			4,225,978			8,218,990
Variation margin on futures contracts		1,988,624		484			5,624			10,856
Bank borrowings		—		—			—			682,139
Investment advisory fees		6,414,823		66,673			301,435			204,319
Foreign taxes		2,712,245		—			252			589


Total liabilities		3,386,320,925		3,530,479			15,662,121			28,866,167


NET ASSETS	$	72,780,803,263	$	116,087,531		$	778,016,369		$	377,180,901


NET ASSETS CONSIST OF:
Paid-in capital	$	68,915,424,204	$	354,808,460		$	790,070,226		$	366,158,331
Accumulated earnings (loss)		3,865,379,059		(238,720,929	)		(12,053,857	)		11,022,570


NET ASSETS	$	72,780,803,263	$	116,087,531		$	778,016,369		$	377,180,901


Shares outstanding		1,282,800,000		2,850,000			10,000,000			6,700,000


Net asset value	$	56.74	$	40.73		$	77.80		$	56.30


Shares authorized		4.30 billion		500 million			500 million			500 million


Par value	$	0.001	$	0.001		$	0.001		$	0.001


^(a)Securities loaned, at value	$	2,612,132,173	$	1,794,898		$	8,126,855		$	18,480,113
^(b)Investments, at cost — Unaffiliated	$	59,436,479,625	$	137,557,190		$	695,199,816		$	348,748,593
^(c)Investments, at cost — Affiliated	$	3,073,295,234	$	2,903,240		$	10,708,637		$	19,706,122
^(d)Foreign currency, at cost	$	59,230,481	$	55,644		$	468,691		$	979,818


	iShares Core MSCI Emerging Markets ETF (Consolidated)								iShares MSCI BRIC ETF


	Six Months Ended 02/28/22 (unaudited)				Year Ended 08/31/21			Six Months Ended 02/28/22 (unaudited)				Year Ended 08/31/21


INCREASE (DECREASE) IN NET ASSETS

OPERATIONS
Net investment income		$	658,965,651		$	1,530,049,822			$	646,292		$	2,235,278
Net realized gain (loss)			(792,724,859	)		(911,776,306	)			5,446,002			31,233,685
Net change in unrealized appreciation (depreciation)			(7,627,620,574	)		12,040,223,767				(30,001,973	)		(8,170,900	)


Net increase (decrease) in net assets resulting from operations			(7,761,379,782	)		12,658,497,283				(23,909,679	)		25,298,063


DISTRIBUTIONS TO SHAREHOLDERS^(a)
Decrease in net assets resulting from distributions to shareholders			(1,730,803,862	)		(1,363,503,586	)			(3,263,803	)		(1,832,595	)


CAPITAL SHARE TRANSACTIONS
Net increase (decrease) in net assets derived from capital share transactions			1,673,664,777			14,675,947,414				(15,081,440	)		(12,245,845	)


NET ASSETS
Total increase (decrease) in net assets			(7,818,518,867	)		25,970,941,111				(42,254,922	)		11,219,623
Beginning of period			80,599,322,130			54,628,381,019				158,342,453			147,122,830


End of period		$	72,780,803,263		$	80,599,322,130			$	116,087,531		$	158,342,453


		iShares MSCI Emerging Markets Asia ETF							iShares MSCI Emerging Markets Small-Cap ETF (Consolidated)

	Six Months Ended 02/28/22 (unaudited)				Year Ended 08/31/21			Six Months Ended 02/28/22 (unaudited)				Year Ended 08/31/21


INCREASE (DECREASE) IN NET ASSETS

OPERATIONS
Net investment income		$	2,553,518		$	11,902,973			$	2,143,201		$	5,136,327
Net realized gain (loss)			(36,861,277	)		44,989,063				19,697,352			23,493,196
Net change in unrealized appreciation (depreciation)			(53,083,004	)		26,216,229				(50,218,836	)		66,286,938


Net increase (decrease) in net assets resulting from operations			(87,390,763	)		83,108,265				(28,378,283	)		94,916,461


DISTRIBUTIONS TO SHAREHOLDERS^(a)
Decrease in net assets resulting from distributions to shareholders			(16,088,918	)		(7,205,739	)			(11,439,379	)		(6,293,337	)


CAPITAL SHARE TRANSACTIONS
Net increase (decrease) in net assets derived from capital share transactions			(432,726	)		247,467,812				(275,843	)		116,140,101


NET ASSETS
Total increase (decrease) in net assets			(103,912,407	)		323,370,338				(40,093,505	)		204,763,225
Beginning of period			881,928,776			558,558,438				417,274,406			212,511,181


End of period		$	778,016,369		$	881,928,776			$	377,180,901		$	417,274,406


	iShares Core MSCI Emerging Markets ETF (Consolidated)


	Six Months Ended 02/28/22 (unaudited)				Year Ended 08/31/21			Year Ended 08/31/20			Year Ended 08/31/19			Year Ended 08/31/18			Year Ended 08/31/17


Net asset value, beginning of period		$	64.18		$	53.34		$	48.31		$	52.27		$	53.91		$	44.60


Net investment income^(a)			0.52			1.33			1.46			1.40			1.39			1.31
Net realized and unrealized gain (loss)^(b)			(6.60	)		10.70			5.21			(4.01	)		(1.61	)		8.95


Net increase (decrease) from investment operations			(6.08	)		12.03			6.67			(2.61	)		(0.22	)		10.26


Distributions^(c)
From net investment income			(1.36	)		(1.19	)		(1.64	)		(1.35	)		(1.42	)		(0.95	)


Total distributions			(1.36	)		(1.19	)		(1.64	)		(1.35	)		(1.42	)		(0.95	)


Net asset value, end of period		$	56.74		$	64.18		$	53.34		$	48.31		$	52.27		$	53.91


Total Return^(d)
Based on net asset value			(9.58	)%^(e)		22.67	%		13.97	%		(4.93	)%^(f)		(0.52	)%		23.45	%


Ratios to Average Net Assets^(g)
Total expenses			0.11	%^(h)		0.12	%		0.14	%		0.14	%		0.14	%		0.15	%


Total expenses after fees waived			0.11	%^(h)		0.12	%		0.14	%		0.14	%		0.14	%		0.14	%


Total expenses excluding professional fees for foreign withholding tax claims			N/A			0.11	%		0.14	%		0.14	%		N/A			N/A


Net investment income			1.70	%^(h)		2.12	%		2.97	%		2.79	%		2.48	%		2.74	%


Supplemental Data
Net assets, end of period (000)		$	72,780,803		$	80,599,322		$	54,628,381		$	53,020,298		$	49,079,726		$	36,775,298


Portfolio turnover rate⁽ⁱ⁾			4	%^(e)		9	%		15	%		15	%		6	%		4	%


	iShares MSCI BRIC ETF


		Six Months Ended 02/28/22				Year Ended				Year Ended				Year Ended				Year Ended				Year Ended
		(unaudited)						08/31/21				08/31/20	^(a)			08/31/19	^(a)			08/31/18	^(a)			08/31/17	^(a)


Net asset value, beginning of period			$	50.27			$	47.46			$	40.23			$	41.01			$	42.21			$	33.48


Net investment income^(b)				0.22				0.62				0.55				0.69				0.68				0.70
Net realized and unrealized gain (loss)^(c)				(8.61	)			2.74				7.34				(0.59	)			(1.13	)			8.57


Net increase (decrease) from investment operations				(8.39	)			3.36				7.89				0.10				(0.45	)			9.27


Distributions^(d)
From net investment income				(1.15	)			(0.55	)			(0.66	)			(0.88	)			(0.75	)			(0.54	)


Total distributions				(1.15	)			(0.55	)			(0.66	)			(0.88	)			(0.75	)			(0.54	)


Net asset value, end of period			$	40.73			$	50.27			$	47.46			$	40.23			$	41.01			$	42.21


Total Return^(e)
Based on net asset value				(16.95	)%^(f)			7.09	%			19.78	%			0.35	%			(1.16	)%			28.15	%


Ratios to Average Net Assets^(g)
Total expenses				0.69	%^(h)			0.70	%			0.70	%			0.69	%			0.67	%			0.70	%


Net investment income				0.93	%^(h)			1.20	%			1.29	%			1.69	%			1.51	%			1.96	%


Supplemental Data
Net assets, end of period (000)			$	116,088			$	158,342			$	147,123			$	160,926			$	205,064			$	261,702


Portfolio turnover rate⁽ⁱ⁾				6	%^(f)			80	%			42	%			53	%			22	%			24	%


	iShares MSCI Emerging Markets Asia ETF


	Six Months Ended 02/28/22				Year Ended				Year Ended				Year Ended				Year Ended				Year Ended
	(unaudited)						08/31/21				08/31/20	^(a)			08/31/19	^(a)			08/31/18	^(a)			08/31/17	^(a)


Net asset value, beginning of period		$	88.19			$	75.48			$	62.82			$	69.38			$	69.15			$	56.33


Net investment income^(b)			0.26				1.28				1.12				1.26				1.16				1.31
Net realized and unrealized gain (loss)^(c)			(8.97	)			12.32				12.79				(6.52	)			0.42				12.43


Net increase (decrease) from investment operations			(8.71	)			13.60				13.91				(5.26	)			1.58				13.74


Distributions^(d)
From net investment income			(1.68	)			(0.89	)			(1.25	)			(1.30	)			(1.35	)			(0.92	)


Total distributions			(1.68	)			(0.89	)			(1.25	)			(1.30	)			(1.35	)			(0.92	)


Net asset value, end of period		$	77.80			$	88.19			$	75.48			$	62.82			$	69.38			$	69.15


Total Return^(e)
Based on net asset value			(9.99	)%^(f)			18.11	%			22.31	%			(7.52	)%			2.22	%			24.80	%


Ratios to Average Net Assets^(g)
Total expenses			0.49	%^(h)			0.50	%			0.50	%			0.50	%			0.50	%			0.49	%


Net investment income			0.62	%^(h)			1.46	%			1.68	%			1.94	%			1.58	%			2.16	%


Supplemental Data
Net assets, end of period (000)		$	778,016			$	881,929			$	558,558			$	452,328			$	440,538			$	501,330


Portfolio turnover rate⁽ⁱ⁾			16	%^(f)			48	%			20	%			16	%			33	%			15	%


	iShares MSCI Emerging Markets Small-Cap ETF (Consolidated)


	Six Months Ended 02/28/22 (unaudited)				Year Ended 08/31/21				Year Ended 08/31/20				Year Ended 08/31/19				Year Ended 08/31/18				Year Ended 08/31/17


Net asset value, beginning of period		$	62.28			$	44.74			$	41.51			$	47.64			$	49.23			$	43.27


Net investment income^(a)			0.33				0.96				0.85				0.99				1.10				1.04
Net realized and unrealized gain (loss)^(b)			(4.55	)			17.81				3.52				(5.98	)			(1.22	)			5.81


Net increase (decrease) from investment operations			(4.22	)			18.77				4.37				(4.99	)			(0.12	)			6.85


Distributions^(c)
From net investment income			(1.76	)			(1.23	)			(1.14	)			(1.14	)			(1.47	)			(0.89	)


Total distributions			(1.76	)			(1.23	)			(1.14	)			(1.14	)			(1.47	)			(0.89	)


Net asset value, end of period		$	56.30			$	62.28			$	44.74			$	41.51			$	47.64			$	49.23


Total Return^(d)
Based on net asset value			(6.92	)%^(e)			42.38	%			10.68	%			(10.50	)%			(0.38	)%			16.17	%


Ratios to Average Net Assets^(f)
Total expenses			0.70	%^(g)			0.69	%			0.71	%			0.69	%			0.67	%			0.69	%


Net investment income			1.09	%^(g)			1.72	%			2.07	%			2.25	%			2.14	%			2.32	%


Supplemental Data
Net assets, end of period (000)		$	377,181			$	417,274			$	212,511			$	238,702			$	262,024			$	253,519


Portfolio turnover rate^(h)			39	%^(e)			34	%			46	%			29	%			39	%			19	%