NPORT-EX 2 NPORT_2Q2R_78135139_0524.htm

 

Schedule of Investments (unaudited) iShares® MSCI India Small-Cap ETF
May 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Common Stocks          
           
Aerospace & Defense — 0.9%          
Bharat Dynamics Ltd.   239,149   $4,469,140 
Data Patterns India Ltd.(a)   65,163    2,316,071 
Garden Reach Shipbuilders & Engineers Ltd.   74,725    1,227,780 
         8,012,991 
Air Freight & Logistics — 1.0%          
Allcargo Logistics Ltd.(a)   742,569    597,052 
Blue Dart Express Ltd.   15,525    1,341,057 
Delhivery Ltd.(a)   1,050,874    4,852,575 
Gateway Distriparks Ltd.   943,844    1,111,937 
Mahindra Logistics Ltd.(b)   83,925    435,516 
TCI Express Ltd.   20,105    254,608 
Transport Corp. of India Ltd.   63,076    634,297 
         9,227,042 
Automobile Components — 5.1%          
Apollo Tyres Ltd.   828,585    4,613,734 
Asahi India Glass Ltd.   191,641    1,352,920 
Banco Products India Ltd.   56,261    401,282 
Ceat Ltd.   52,638    1,488,368 
CIE Automotive India Ltd.   347,524    2,221,991 
Dynamatic Technologies Ltd.   7,903    737,561 
Endurance Technologies Ltd.(b)   73,679    1,959,405 
Exide Industries Ltd.   1,107,477    6,479,302 
Gabriel India Ltd.   171,732    734,999 
JBM Auto Ltd.   61,900    1,557,286 
JK Tyre & Industries Ltd.   273,552    1,329,488 
Minda Corp. Ltd.   205,512    1,048,985 
Motherson Sumi Wiring India Ltd.   4,622,954    3,748,515 
Pricol Ltd.(a)   183,476    963,599 
Sansera Engineering Ltd.(b)   79,532    1,000,592 
Sundaram Finance Holdings Ltd.   209,964    699,660 
Sundram Fasteners Ltd.   275,034    3,925,978 
Suprajit Engineering Ltd.   181,798    966,528 
TVS Holdings Ltd.   13,173    1,821,035 
UNO Minda Ltd.   525,854    5,357,211 
Varroc Engineering Ltd.(a)(b)   99,569    666,118 
ZF Commercial Vehicle Control Systems India Ltd.   12,420    2,590,633 
         45,665,190 
Banks — 2.8%          
City Union Bank Ltd.   949,948    1,630,414 
DCB Bank Ltd.   410,198    630,673 
Equitas Small Finance Bank Ltd.(b)   1,445,128    1,604,611 
Federal Bank Ltd.   4,692,972    9,133,169 
Jammu & Kashmir Bank Ltd. (The)   1,132,235    1,788,016 
Karnataka Bank Ltd. (The)   473,730    1,216,656 
Karur Vysya Bank Ltd. (The)   1,031,158    2,435,622 
RBL Bank Ltd.(b)   1,162,118    3,428,212 
South Indian Bank Ltd. (The)   3,349,861    1,082,685 
Tamilnad Mercantile Bank Ltd., NVS   202,598    1,106,940 
Ujjivan Small Finance Bank Ltd.(b)   2,492,072    1,488,306 
         25,545,304 
Beverages — 0.6%          
Radico Khaitan Ltd.   192,366    3,637,850 
Sula Vineyards Ltd., NVS   138,019    863,165 
Tilaknagar Industries Ltd.   254,536    701,930 
         5,202,945 
Biotechnology — 0.5%          
Biocon Ltd.   1,088,192    4,035,793 

Security  Shares   Value 
         
Broadline Retail — 0.3%          
RattanIndia Enterprises Ltd.(a)   909,722   $796,002 
Shoppers Stop Ltd.(a)   100,890    882,913 
V-Mart Retail Ltd.(a)   25,944    652,041 
         2,330,956 
Building Products — 1.6%          
Blue Star Ltd.   349,053    6,608,508 
Cera Sanitaryware Ltd.   15,386    1,292,965 
Electrosteel Castings Ltd.   777,413    1,503,179 
Greenlam Industries Ltd.   72,966    497,564 
Kajaria Ceramics Ltd.   228,718    3,304,198 
Prince Pipes and Fittings Ltd.(a)   117,045    855,509 
         14,061,923 
Capital Markets — 5.4%          
360 ONE WAM Ltd.   329,202    3,060,988 
Aditya Birla Sun Life Asset Management Co. Ltd.   131,222    821,481 
Anand Rathi Wealth Ltd.   43,606    2,196,907 
Angel One Ltd.   116,769    3,463,325 
BSE Ltd.   172,898    5,603,247 
Central Depository Services India Ltd.   133,536    3,340,686 
Choice International Ltd.(a)   116,133    495,787 
CRISIL Ltd.   47,828    2,352,126 
Edelweiss Financial Services Ltd.   1,366,687    1,179,707 
ICICI Securities Ltd.(b)   213,671    1,829,628 
ICRA Ltd.   11,578    779,620 
IDFC Ltd.(a)   3,128,342    4,255,621 
IIFL Securities Ltd.   284,462    661,157 
Indian Energy Exchange Ltd.(b)   1,142,103    2,097,991 
JM Financial Ltd.   1,001,816    946,420 
Kfin Technologies Ltd.(a)   177,024    1,482,513 
Maharashtra Scooters Ltd.   7,347    682,835 
Motilal Oswal Financial Services Ltd.   97,274    2,589,971 
Multi Commodity Exchange of India Ltd.   64,518    2,811,688 
Nippon Life India Asset Management Ltd.(b)   329,793    2,366,236 
Nuvama Wealth Management Ltd., NVS(a)   18,517    1,077,228 
Prudent Corporate Advisory Services Ltd., NVS   26,885    533,103 
Share India Securities Ltd.   28,610    520,073 
Tata Investment Corp. Ltd.   33,013    2,538,755 
UTI Asset Management Co. Ltd.   115,680    1,259,071 
         48,946,164 
Chemicals — 8.2%          
Aarti Industries Ltd.   473,346    3,477,647 
Advanced Enzyme Technologies Ltd.   151,600    659,587 
Akzo Nobel India Ltd.   23,559    724,126 
Alkyl Amines Chemicals   40,873    929,182 
Anupam Rasayan India Ltd.   57,666    526,876 
Archean Chemical Industries Ltd., NVS   144,233    1,075,168 
Atul Ltd.   34,708    2,338,557 
Balaji Amines Ltd.   28,073    705,813 
BASF India Ltd.   28,198    1,441,597 
Bayer CropScience Ltd.   35,499    2,138,605 
Carborundum Universal Ltd.   297,694    5,693,602 
Castrol India Ltd.   1,021,502    2,394,885 
Chambal Fertilisers and Chemicals Ltd.   419,404    1,958,758 
Chemplast Sanmar Ltd.(a)   189,973    1,071,826 
Clean Science & Technology Ltd.   54,105    847,913 
Coromandel International Ltd.   306,792    4,808,890 
Deepak Fertilisers & Petrochemicals Corp. Ltd.   181,814    1,236,193 
Deepak Nitrite Ltd.   159,957    4,202,491 
Dhanuka Agritech Ltd.   36,150    552,280 
EID Parry India Ltd.   220,906    1,769,582 
Epigral Ltd.   32,816    480,998 


1 

 

Schedule of Investments (unaudited) (continued) iShares® MSCI India Small-Cap ETF
May 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Chemicals (continued)          
Fine Organic Industries Ltd.   20,812   $1,107,523 
Fineotex Chemical Ltd.   90,374    383,731 
Finolex Industries Ltd.   647,462    2,421,167 
Galaxy Surfactants Ltd.   28,000    822,309 
GHCL Ltd.   160,019    968,365 
Gujarat Alkalies & Chemicals Ltd.   48,423    442,641 
Gujarat Fluorochemicals Ltd.   71,831    2,619,139 
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.   212,013    1,610,777 
Gujarat State Fertilizers & Chemicals Ltd.   571,697    1,446,392 
Himadri Speciality Chemical Ltd.   451,093    1,799,049 
Indigo Paints Ltd.   30,273    486,094 
Jubilant Ingrevia Ltd.   185,862    1,116,628 
Kansai Nerolac Paints Ltd.   529,796    1,714,603 
Laxmi Organic Industries Ltd.   222,903    641,516 
Navin Fluorine International Ltd.   77,962    2,983,165 
Neogen Chemicals Ltd.   32,034    569,361 
NOCIL Ltd.   236,216    717,147 
Paradeep Phosphates Ltd., NVS(b)   843,595    708,886 
PCBL Ltd.   441,568    1,246,922 
Rain Industries Ltd.   478,648    939,019 
Rallis India Ltd.   237,034    730,040 
Rashtriya Chemicals & Fertilizers Ltd.   359,292    664,429 
Rossari Biotech Ltd.   43,331    358,411 
Sumitomo Chemical India Ltd.   304,956    1,697,058 
Supreme Petrochem Ltd., NVS   173,108    1,348,426 
Tata Chemicals Ltd.   332,252    4,103,341 
Vinati Organics Ltd.   67,273    1,404,727 
         74,085,442 
Commercial Services & Supplies — 0.5%          
CMS Info Systems Ltd.   382,338    2,034,461 
Doms Industries Ltd.(a)   36,778    848,366 
ION Exchange India Ltd., NVS.   206,812    1,265,871 
SIS Ltd.(a)   118,187    573,384 
         4,722,082 
Communications Equipment — 0.5%          
Astra Microwave Products Ltd.   121,396    1,264,573 
Sterlite Technologies Ltd.   629,909    960,195 
Tejas Networks Ltd.(a)(b)   155,913    2,081,149 
         4,305,917 
Construction & Engineering — 5.5%          
Ahluwalia Contracts India Ltd.   79,030    1,110,168 
Ashoka Buildcon Ltd.(a)   335,129    737,801 
Dilip Buildcon Ltd.(b)   90,290    439,058 
Engineers India Ltd.   660,249    1,969,839 
G R Infraprojects Ltd.(a)   60,305    1,166,071 
HG Infra Engineering Ltd.   42,003    761,178 
Hindustan Construction Co. Ltd.(a)   3,040,728    1,349,506 
IRB Infrastructure Developers Ltd., NVS   3,153,379    2,504,342 
IRCON International Ltd.(b)   858,766    2,790,797 
ITD Cementation India Ltd.   203,050    979,106 
J Kumar Infraprojects Ltd.   92,275    834,548 
Kalpataru Projects International Ltd.   254,928    3,661,948 
KEC International Ltd.   336,248    2,979,184 
KNR Constructions Ltd.   366,755    1,398,466 
Man Infraconstruction Ltd.   295,740    665,910 
NBCC India Ltd.   1,635,083    2,794,225 
NCC Ltd./India   1,065,719    3,674,386 
Patel Engineering Ltd.(a)   998,566    739,994 
PNC Infratech Ltd.   301,660    1,876,683 
Power Mech Projects Ltd.   16,360    909,761 
Praj Industries Ltd.   311,964    1,949,456 

Security  Shares   Value 
         
Construction & Engineering (continued)          
Sterling and Wilson Renewable(a)   243,572   $2,053,040 
Techno Electric & Engineering Co. Ltd.   110,066    1,869,051 
Voltas Ltd.   558,381    9,103,864 
Waaree Renewable Technologies Ltd., NVS   32,143    921,493 
         49,239,875 
Construction Materials — 1.7%          
Birla Corp. Ltd.   70,620    1,194,676 
HeidelbergCement India Ltd.   155,439    376,839 
India Cements Ltd. (The)(a)   329,965    809,984 
JK Cement Ltd.   91,039    4,228,113 
JK Lakshmi Cement Ltd.   153,361    1,444,479 
Kesoram Industries Ltd.(a)   292,419    633,944 
Nuvoco Vistas Corp. Ltd.(a)   262,686    990,585 
Orient Cement Ltd.   272,496    674,840 
Prism Johnson Ltd.(a)   338,748    609,202 
Ramco Cements Ltd. (The)   277,790    2,472,231 
Rhi Magnesita India Ltd.   162,815    1,380,473 
Star Cement Ltd.(a)   267,929    683,648 
         15,499,014 
Consumer Finance — 2.4%          
Cholamandalam Financial Holdings Ltd.   245,683    3,191,707 
CreditAccess Grameen Ltd.(a)   145,962    2,315,231 
Five-Star Business Finance Ltd., NVS(a)   305,868    2,774,544 
Fusion Micro Finance Ltd., NVS(a)   119,662    653,971 
Mahindra & Mahindra Financial Services Ltd.   1,288,741    4,137,715 
Manappuram Finance Ltd.   1,436,989    2,911,552 
MAS Financial Services Ltd.(b)   132,295    457,733 
Paisalo Digital Ltd.   1,301,966    983,378 
Poonawalla Fincorp Ltd.   607,168    3,278,589 
SBFC Finance Ltd., NVS(a)   573,922    559,412 
Spandana Sphoorty Financial Ltd.(a)   64,314    583,354 
         21,847,186 
Consumer Staples Distribution & Retail — 0.1%          
Medplus Health Services Ltd.(a)   151,048    1,322,895 
           
Containers & Packaging — 0.3%          
AGI Greenpac Ltd.   59,566    465,628 
EPL Ltd.   330,977    724,055 
Jai Corp. Ltd.   116,046    398,150 
Time Technoplast Ltd.   257,764    850,760 
         2,438,593 
Diversified Consumer Services — 0.1%          
NIIT Learning Systems Ltd., NVS   198,031    987,044 
           
Diversified Telecommunication Services — 0.5%          
HFCL Ltd.   1,870,784    2,334,988 
Railtel Corp. of India Ltd.   251,334    1,250,194 
Tata Teleservices Maharashtra Ltd.(a)   1,255,126    1,123,881 
         4,709,063 
Electric Utilities — 0.8%          
CESC Ltd.   1,539,714    2,724,268 
Reliance Infrastructure Ltd.(a)   565,840    1,128,523 
SJVN Ltd.   2,051,172    3,446,854 
         7,299,645 
Electrical Equipment — 4.6%          
Amara Raja Energy & Mobility Ltd.   286,414    4,055,718 
Elecon Engineering Co. Ltd.   102,823    1,368,370 
Finolex Cables Ltd.   179,715    3,094,962 
GE T&D India Ltd.(a)   167,371    2,727,683 
Graphite India Ltd.   175,187    1,190,467 
HBL Power Systems Ltd.   289,533    1,725,689 


2 

 

Schedule of Investments (unaudited) (continued) iShares® MSCI India Small-Cap ETF
May 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Electrical Equipment (continued)          
HEG Ltd.   34,672   $955,075 
Hitachi Energy India Ltd.   27,713    3,576,448 
Inox Wind Ltd.(a)   269,181    481,956 
Inox Wind Ltd., NVS   923,577    1,653,623 
KEI Industries Ltd.   153,287    7,542,964 
Olectra Greentech Ltd.   106,644    2,239,445 
RR Kabel Ltd., NVS   70,049    1,449,339 
Schneider Electric Infrastructure Ltd.(a)   125,996    1,038,596 
TD Power Systems Ltd.   268,014    1,080,392 
Transformers & Rectifiers India Ltd.   42,763    358,616 
Triveni Turbine Ltd.   373,508    2,628,894 
V-Guard Industries Ltd.   512,191    2,276,132 
Voltamp Transformers Ltd.   17,182    2,321,508 
         41,765,877 
Electronic Equipment, Instruments & Components — 1.2%
Avalon Technologies Ltd., NVS(a)(b)   70,849    413,893 
Cyient DLM Ltd., NVS(a)   63,641    481,857 
Genus Power Infrastructures Ltd.   234,331    884,626 
Kaynes Technology India Ltd., NVS(a)   66,393    2,691,636 
PG Electroplast Ltd.(a)   30,426    946,709 
Redington Ltd.   1,532,996    3,650,373 
Syrma SGS Technology Ltd.   161,285    930,903 
Zen Technologies Ltd.   87,471    1,015,641 
         11,015,638 
Entertainment — 0.6%          
Nazara Technologies Ltd.(a)   75,483    636,375 
PVR Inox Ltd.(a)   192,415    3,026,336 
Saregama India Ltd.   201,507    1,215,892 
Tips Industries Ltd.   88,911    444,229 
         5,322,832 
Financial Services — 4.3%          
Aavas Financiers Ltd.(a)   151,991    2,908,745 
Aptus Value Housing Finance India Ltd.   458,812    1,650,002 
Can Fin Homes Ltd.   209,325    1,827,440 
Home First Finance Co. India Ltd.(b)   115,488    1,134,080 
Housing & Urban Development Corp. Ltd.   761,443    2,497,664 
IFCI Ltd.(a)   1,626,008    1,133,332 
IIFL Finance Ltd.   608,788    2,914,438 
Indiabulls Housing Finance Ltd.   965,610    1,827,583 
Indian Renewable Energy Development Agency Ltd., NVS(a)   1,751,053    3,889,086 
Infibeam Avenues Ltd.   2,901,418    1,043,632 
L&T Finance Ltd.   1,956,798    3,593,221 
LIC Housing Finance Ltd.   789,092    5,993,465 
One 97 Communications Ltd., NVS(a)   740,234    3,199,178 
Piramal Enterprises Ltd.   264,104    2,520,603 
PNB Housing Finance Ltd.(a)(b)   271,811    2,358,608 
         38,491,077 
Food Products — 1.4%          
Avanti Feeds Ltd.   109,252    669,977 
Balrampur Chini Mills Ltd.   313,172    1,419,854 
Bikaji Foods International Ltd.   166,782    1,188,070 
Bombay Burmah Trading Co.   45,602    803,220 
CCL Products India Ltd.   194,170    1,332,731 
Dodla Dairy Ltd., NVS(a)   55,006    572,227 
Gujarat Ambuja Exports Ltd.   367,338    633,321 
Hindustan Foods Ltd.(a)   90,326    527,967 
Kaveri Seed Co. Ltd.   48,546    493,116 
KRBL Ltd.   119,465    382,441 
LT Foods Ltd.   316,235    779,931 
Mrs Bectors Food Specialities Ltd.   75,993    1,153,495 

Security  Shares   Value 
         
Food Products (continued)          
Shree Renuka Sugars Ltd.(a)   1,690,730   $815,128 
Triveni Engineering & Industries Ltd.   199,936    787,887 
Zydus Wellness Ltd.   41,735    877,162 
         12,436,527 
Gas Utilities — 1.2%          
Gujarat Gas Ltd.   360,253    2,380,382 
Gujarat State Petronet Ltd.   736,713    2,562,883 
Indraprastha Gas Ltd.   706,821    3,742,361 
Mahanagar Gas Ltd.   129,222    2,010,200 
         10,695,826 
Ground Transportation — 0.1%          
VRL Logistics Ltd.   91,740    605,916 
           
Health Care Equipment & Supplies — 0.2%          
Poly Medicure Ltd.   75,744    1,636,483 
           
Health Care Providers & Services — 3.0%          
Aster DM Healthcare Ltd.(b)   448,477    1,960,082 
Dr Lal PathLabs Ltd.(b)   98,066    3,115,253 
Fortis Healthcare Ltd.   1,259,367    7,162,012 
Global Health Ltd., NVS(a)   209,082    2,991,330 
HealthCare Global Enterprises Ltd.(a)   110,741    479,252 
Jupiter Life Line Hospitals Ltd.(a)   49,610    701,069 
Krishna Institute Of Medical Sciences Ltd.(a)(b)   126,008    2,756,623 
Metropolis Healthcare Ltd.(b)   67,402    1,542,236 
Narayana Hrudayalaya Ltd.   185,984    2,651,382 
Rainbow Children’s Medicare Ltd.   130,425    2,033,409 
Vijaya Diagnostic Centre Pvt Ltd.   121,935    1,188,868 
         26,581,516 
Hotels, Restaurants & Leisure — 1.9%          
Chalet Hotels Ltd.(a)   193,709    1,822,801 
Devyani International Ltd.(a)   1,082,176    2,001,151 
Easy Trip Planners Ltd., NVS   1,420,837    715,618 
EIH Ltd.   565,408    2,926,250 
Juniper Hotels Ltd.(a)   105,770    548,673 
Lemon Tree Hotels Ltd.(a)(b)   1,218,172    1,994,023 
Mahindra Holidays & Resorts India Ltd.(a)   190,729    920,956 
Restaurant Brands Asia Ltd.(a)   875,887    1,074,573 
Sapphire Foods India Ltd.(a)   112,943    1,964,724 
Thomas Cook India Ltd.   429,654    1,070,387 
Westlife Foodworld Ltd.   163,412    1,628,088 
Wonderla Holidays Ltd.   44,505    449,482 
         17,116,726 
Household Durables — 3.1%          
Amber Enterprises India Ltd.(a)   48,501    2,099,237 
Bajaj Electricals Ltd.   105,510    1,164,612 
Cello World Ltd., NVS(a)   135,007    1,372,309 
Crompton Greaves Consumer Electricals Ltd.   1,675,560    7,876,192 
Dixon Technologies India Ltd.   85,734    9,649,417 
LA Opala RG Ltd.   103,386    383,727 
Orient Electric Ltd.   337,474    919,005 
Sheela Foam Ltd.(a)   1,800    19,130 
Symphony Ltd.   44,517    578,345 
TTK Prestige Ltd.   110,219    896,736 
Whirlpool of India Ltd.   164,228    2,947,085 
         27,905,795 
Household Products — 0.2%          
Jyothy Labs Ltd.   384,819    1,852,969 
           
Independent Power and Renewable Electricity Producers — 1.2%
Jaiprakash Power Ventures Ltd.(a)   8,947,084    2,068,693 
KPI Green Energy Ltd.(b)   63,892    1,395,238 


3 

 

Schedule of Investments (unaudited) (continued) iShares® MSCI India Small-Cap ETF
May 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
     
Independent Power and Renewable Electricity Producers (continued)          
NLC India Ltd.   893,916   $2,540,973 
PTC India Ltd.   544,807    1,369,819 
RattanIndia Power Ltd.(a)   6,318,292    1,452,941 
Reliance Power Ltd.(a)   6,827,218    2,012,429 
         10,840,093 
Industrial Conglomerates — 1.2%          
3M India Ltd.   7,384    2,953,290 
Apar Industries Ltd.   47,014    4,456,901 
Balmer Lawrie & Co. Ltd.   158,761    513,429 
Godrej Industries Ltd.(a)   176,422    1,664,010 
Jaiprakash Associates Ltd.(a)   3,138,846    583,583 
Nava Ltd.   172,364    1,005,430 
         11,176,643 
Insurance — 1.2%          
Max Financial Services Ltd.(a)   675,746    7,441,778 
Religare Enterprises Ltd.(a)   263,430    647,951 
Star Health & Allied Insurance Co. Ltd.(a)   449,956    2,805,933 
         10,895,662 
Interactive Media & Services — 0.1%          
Just Dial Ltd.(a)   55,284    618,551 
           
IT Services — 2.4%          
Coforge Ltd.   153,042    9,151,564 
Cyient Ltd.   217,019    4,521,987 
Happiest Minds Technologies Ltd.   179,554    1,702,432 
Hinduja Global Solutions Ltd.   37,683    373,806 
Mastek Ltd.   41,223    1,179,625 
Sonata Software Ltd.   439,723    2,718,229 
Zensar Technologies Ltd.   295,917    2,168,049 
         21,815,692 
Life Sciences Tools & Services — 0.4%          
Syngene International Ltd.(b)   471,244    3,798,655 
           
Machinery — 6.9%          
Action Construction Equipment Ltd.   108,469    1,868,418 
AIA Engineering Ltd.   110,907    4,893,823 
Azad Engineering Ltd., NVS   29,607    530,485 
BEML Ltd., (Acquired 09/19/22, Cost: $1,267,158)(c)   48,871    2,582,883 
Cochin Shipyard Ltd., NVS(b)   205,553    4,800,973 
Craftsman Automation Ltd.   22,039    1,118,602 
Elgi Equipments Ltd.   497,142    3,642,655 
ESAB India Ltd.   11,988    764,358 
Force Motors Ltd.   11,995    1,258,292 
GMM Pfaudler Ltd.   87,487    1,295,112 
Grindwell Norton Ltd.   116,144    3,565,242 
Happy Forgings Ltd.(a)   58,294    779,418 
Ingersoll Rand India Ltd.   20,755    1,080,169 
Inox India Ltd., NVS   51,162    772,261 
ISGEC Heavy Engineering Ltd.   67,297    868,936 
Jain Irrigation Systems Ltd.(a)   787,830    572,658 
Jamna Auto Industries Ltd.   514,672    745,089 
Jupiter Wagons Ltd., NVS   320,625    2,316,129 
Kennametal India Ltd.   14,429    636,028 
Kirloskar Brothers Ltd.   62,400    1,288,104 
Kirloskar Oil Engines Ltd.   208,022    3,112,970 
Kirloskar Pneumatic Co. Ltd., NVS   93,050    1,368,675 
KSB Ltd.(a)   32,265    1,833,834 
Lakshmi Machine Works Ltd.   9,875    1,886,224 
Lloyds Engineering Works Ltd., NVS   1,335,087    1,044,429 
MTAR Technologies Ltd.(a)   51,132    1,106,283 
Rolex Rings Ltd.(a)   32,140    905,023 
SKF India Ltd.   64,452    4,626,773 

Security  Shares   Value 
         
Machinery (continued)          
Tega Industries Ltd., NVS   42,891   $766,267 
Texmaco Rail & Engineering Ltd.   514,116    1,225,244 
Timken India Ltd.   78,369    3,713,636 
Titagarh Rail System Ltd.   209,335    3,555,308 
Vesuvius India Ltd.   21,216    1,394,677 
         61,918,978 
Marine Transportation — 0.1%          
Shipping Corp. of India Ltd.   427,817    1,262,195 
           
Media — 1.0%          
Affle India Ltd.(a)   148,431    2,026,439 
Brightcom Group Ltd.(a)   2,517,240    331,727 
DB Corp. Ltd.   119,682    434,791 
Network18 Media & Investments Ltd.(a)   423,794    406,097 
Sun TV Network Ltd.   205,661    1,619,888 
TV18 Broadcast Ltd.(a)   1,145,315    576,908 
Zee Entertainment Enterprises Ltd.(a)   2,126,583    3,794,073 
         9,189,923 
Metals & Mining — 3.3%          
Godawari Power and Ispat Ltd.   124,064    1,439,479 
Gravita India Ltd.   54,496    704,566 
Hindustan Copper Ltd.   629,884    2,692,099 
Jai Balaji Industries Ltd., NVS(a)   86,593    902,078 
Jindal Saw Ltd.   291,498    1,886,632 
Kirloskar Ferrous Industries Ltd.   128,403    1,054,959 
Maharashtra Seamless Ltd.   103,664    814,761 
Mishra Dhatu Nigam Ltd.(b)   120,289    623,998 
MOIL Ltd.   159,498    963,306 
National Aluminium Co. Ltd.   2,150,441    4,947,036 
NMDC Steel Ltd., NVS(a)   1,911,447    1,379,697 
Orissa Minerals Development Co. Ltd. (The)(a)   5,370    363,514 
PTC Industries Ltd., NVS(a)   7,702    772,506 
Ramkrishna Forgings Ltd.   212,919    1,700,210 
Ratnamani Metals & Tubes Ltd.   73,296    2,988,027 
Sandur Manganese & Iron Ores Ltd. (The)   107,959    684,725 
Sarda Energy & Minerals Ltd., NVS   225,243    604,325 
Shivalik Bimetal Controls Ltd., NVS   62,181    378,113 
Shyam Metalics & Energy Ltd.   145,516    1,066,331 
Surya Roshni Ltd., NVS   86,121    600,733 
Usha Martin Ltd.   397,643    1,741,045 
Welspun Corp. Ltd.   239,152    1,580,635 
         29,888,775 
Office REITs — 1.5%          
Brookfield India Real Estate Trust(b)   515,751    1,609,383 
Embassy Office Parks REIT   2,225,973    9,329,906 
Mindspace Business Parks REIT(b)   546,498    2,243,967 
         13,183,256 
Oil, Gas & Consumable Fuels — 1.0%          
Aegis Logistics Ltd.   366,119    3,108,548 
Chennai Petroleum Corp. Ltd.   134,626    1,482,695 
Great Eastern Shipping Co. Ltd. (The)   260,780    3,370,122 
Gujarat Mineral Development Corp. Ltd.   204,548    963,874 
         8,925,239 
Paper & Forest Products — 0.7%          
Century Plyboards India Ltd.   144,951    1,129,699 
Century Textiles & Industries Ltd.   129,392    3,133,137 
Greenpanel Industries Ltd.   166,831    591,556 
JK Paper Ltd.   197,636    914,541 
West Coast Paper Mills Ltd.   70,904    506,057 
         6,274,990 


4 

 

Schedule of Investments (unaudited) (continued) iShares® MSCI India Small-Cap ETF
May 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Passenger Airlines — 0.1%          
SpiceJet Ltd.(a)   634,272   $431,298 
           
Personal Care Products — 0.7%          
Emami Ltd.   515,342    3,867,979 
Gillette India Ltd.   15,124    1,293,448 
Honasa Consumer Ltd., NVS(a)   291,369    1,541,814 
         6,703,241 
Pharmaceuticals — 6.3%          
Aarti Drugs Ltd.   85,959    492,390 
Aarti Pharmalabs Ltd., NVS   105,487    713,222 
Aether Industries Ltd., NVS(a)   71,902    693,989 
Ajanta Pharma Ltd.   114,880    3,209,856 
Alembic Pharmaceuticals Ltd.   129,308    1,430,972 
AMI Organics Ltd.   39,840    581,616 
AstraZeneca Pharma India Ltd.   13,155    975,373 
Caplin Point Laboratories Ltd.   49,191    760,582 
Concord Biotech Ltd., NVS(a)   66,631    1,168,240 
Eris Lifesciences Ltd.(a)(b)   125,139    1,374,941 
FDC Ltd./India(a)   137,199    711,370 
Gland Pharma Ltd.(a)(b)   77,425    1,710,993 
GlaxoSmithKline Pharmaceuticals Ltd.   110,621    3,473,888 
Glenmark Life Sciences Ltd.   62,972    630,880 
Glenmark Pharmaceuticals Ltd.   368,369    5,124,205 
Granules India Ltd.   316,099    1,586,273 
Hikal Ltd.   100,875    344,608 
Ipca Laboratories Ltd.   363,588    5,017,028 
JB Chemicals & Pharmaceuticals Ltd., NVS   182,718    3,879,670 
Jubilant Pharmova Ltd., Class A   164,373    1,356,558 
Laurus Labs Ltd.(b)   914,361    4,591,659 
Marksans Pharma Ltd.   527,399    940,125 
Natco Pharma Ltd.   210,173    2,521,427 
Neuland Laboratories Ltd.   20,143    1,458,156 
Orchid Pharma Ltd.(a)   37,196    446,818 
Piramal Pharma Ltd., NVS(a)   1,532,573    2,727,002 
Procter & Gamble Health Ltd.   20,130    1,134,546 
Sanofi India Ltd.   21,053    2,178,635 
Shilpa Medicare Ltd.(a)   101,419    590,012 
Strides Pharma Science Ltd.   152,343    1,572,608 
Sun Pharma Advanced Research Co. Ltd.(a)   170,460    422,815 
Suven Pharmaceuticals Ltd.(a)   268,197    1,988,572 
Wockhardt Ltd.(a)   177,078    1,125,857 
         56,934,886 
Professional Services — 1.5%          
BLS International Services Ltd.   265,703    992,481 
Computer Age Management Services Ltd.   115,277    4,813,784 
eClerx Services Ltd.   57,767    1,522,673 
eMudhra Ltd.   71,593    653,179 
Firstsource Solutions Ltd.   829,029    1,823,505 
Latent View Analytics Ltd.(a)   136,240    780,617 
Quess Corp. Ltd.(b)   150,167    1,022,711 
RITES Ltd.   125,778    1,053,745 
TeamLease Services Ltd.(a)   31,343    1,096,339 
         13,759,034 
Real Estate Management & Development — 1.7%          
Anant Raj Ltd.   304,255    1,409,795 
Brigade Enterprises Ltd.   302,274    4,651,264 
Hemisphere Properties India Ltd.(a)   229,081    547,920 
Indiabulls Real Estate Ltd.(a)   1,151,645    1,843,630 
Mahindra Lifespace Developers Ltd.   204,555    1,418,681 
NESCO Ltd.   56,568    578,087 
Puravankara Ltd.   133,683    648,386 

Security  Shares   Value 
         
Real Estate Management & Development (continued)          
Sobha Ltd.   99,419   $2,268,574 
Sunteck Realty Ltd.   138,355    781,676 
TARC Ltd.(a)   233,664    471,552 
Valor Estate Ltd.(a)   347,311    848,323 
         15,467,888 
Semiconductors & Semiconductor Equipment — 0.1%          
Borosil Renewables Ltd.(a)   140,903    796,800 
           
Software — 2.2%          
Birlasoft Ltd.   432,142    3,139,130 
CE Info Systems Ltd.   35,312    813,185 
Intellect Design Arena Ltd.   214,832    2,369,220 
KPIT Technologies Ltd.   428,585    7,501,235 
Newgen Software Technologies Ltd.   164,285    1,810,008 
Rategain Travel Technologies Ltd.(a)   135,363    1,138,354 
Route Mobile Ltd.   66,199    1,172,065 
Tanla Platforms Ltd.   172,256    1,899,412 
         19,842,609 
Specialty Retail — 0.8%          
Aditya Birla Fashion and Retail Ltd.(a)   918,554    3,167,591 
Arvind Fashions Ltd.   144,609    763,784 
Electronics Mart India Ltd., NVS(a)   243,551    587,512 
Ethos Ltd., NVS(a)   24,715    723,761 
Go Fashion India Ltd.(a)   72,260    837,249 
Redtape Ltd./India(a)   91,776    802,672 
Thanga Mayil Jewellery Ltd., NVS   26,681    397,187 
         7,279,756 
Technology Hardware, Storage & Peripherals — 0.1%          
Netweb Technologies India Ltd., NVS(a)   36,648    1,032,822 
           
Textiles, Apparel & Luxury Goods — 3.3%          
Alok Industries Ltd.(a)   3,200,564    980,221 
Arvind Ltd.   368,627    1,670,717 
Bata India Ltd.   134,916    2,211,922 
Campus Activewear Ltd.(a)   223,732    743,640 
Garware Technical Fibres Ltd.   24,269    1,011,077 
Gokaldas Exports Ltd.   150,268    1,529,367 
Indo Count Industries Ltd.   183,051    738,300 
Kalyan Jewellers India Ltd.   800,823    3,736,515 
Klass Pack Ltd., NVS   39,477    45,257 
KPR Mill Ltd.   223,468    2,060,267 
PDS Ltd.   71,154    352,486 
Rajesh Exports Ltd.(a)   222,480    791,568 
Raymond Ltd.   86,879    2,301,622 
Relaxo Footwears Ltd.   196,975    1,863,395 
Safari Industries India Ltd.   56,667    1,338,455 
Swan Energy Ltd.   293,095    2,020,998 
Trident Ltd.   3,330,929    1,458,453 
Vaibhav Global Ltd.   134,476    546,463 
Vardhman Textiles Ltd.   266,658    1,444,280 
Vedant Fashions Ltd.   85,292    1,066,006 
VIP Industries Ltd.   171,446    1,002,687 
Welspun Living Ltd.   503,374    823,149 
         29,736,845 
Tobacco — 0.2%          
Godfrey Phillips India Ltd.   31,929    1,488,052 
VST Industries Ltd.   9,840    476,137 
         1,964,189 
Trading Companies & Distributors — 0.4%          
IndiaMART Intermesh Ltd.(b)   70,688    2,051,060 
MSTC Ltd.   56,794    607,525 


5 

 

Schedule of Investments (unaudited) (continued) iShares® MSCI India Small-Cap ETF
May 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Trading Companies & Distributors (continued)          
Sanghvi Movers Ltd.   44,176   $580,069 
         3,238,654 
Transportation Infrastructure — 0.2%          
Gujarat Pipavav Port Ltd.   699,784    1,631,123 
           
Water Utilities — 0.1%          
VA Tech Wabag Ltd.(a)   101,195    1,188,148 
           
Total Common Stocks — 99.3%          
(Cost: $680,598,104)       894,708,191 
           
Preferred Stocks          
           
Automobile Components — 0.0%          
Sundaram Clayton Ltd., Preference Shares   7,035    758 
           
Total Preferred Stocks — 0.0%          
(Cost: $410)       758 
           
Total Investments — 99.3%          
(Cost: $680,598,514)       894,708,949 
           
Other Assets Less Liabilities — 0.7%       6,663,327 
           
Net Assets — 100.0%      $901,372,276 

 

 

 

(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)Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $2,582,883, representing 0.3% of its net assets as of period end, and an original cost of $1,267,158.


Affiliates

 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended May 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

  

Affiliated Issuer  Value at
08/31/23
  

Purchases

at Cost

  

Proceeds

from Sales

   Net Realized
Gain (Loss)
   Change in Unrealized Appreciation (Depreciation)   Value at
05/31/24
  

Shares

Held at
05/31/24

   Income  

Capital

Gain Distributions from
Underlying
Funds

 
BlackRock Cash Funds: Treasury, SL Agency Shares(a)  $   $    0(b)   $   $   $   $       $495,527   $   — 

  

(a)As of period end, the entity is no longer held.

(b)Represents net amount purchased (sold).

 

Derivative Financial Instruments Outstanding as of Period End

 

Futures Contracts 

 

Description  Number of
Contracts
  

Expiration

Date

 

Notional

Amount

(000)

  

Value/

Unrealized
Appreciation (Depreciation)

 
Long Contracts                  
IFSC Nifty 50 Index   53   06/27/24  $2,408   $(2,011)

 

Fair Value Hierarchy as of Period End

 

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:

 

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

 

Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

 

6 

 

Schedule of Investments (unaudited) (continued) iShares® MSCI India Small-Cap ETF
May 31, 2024  

 

Fair Value Hierarchy as of Period End (continued)

 

Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

 

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

 

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

  

   Level 1   Level 2   Level 3   Total 
Assets                    
Investments                    
Long-Term Investments                    
Common Stocks  $63,476,161   $831,232,030   $   $894,708,191 
Preferred Stocks       758        758 
   $63,476,161   $831,232,788   $   $894,708,949 
Derivative Financial Instruments(a)                    
Liabilities                    
Equity Contracts  $   $(2,011)  $   $(2,011)

 

(a)Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

Portfolio Abbreviation

 

NVS Non-Voting Shares
REIT Real Estate Investment Trust

7