iShares MSCI Emerging Markets ETF


Security	Shares		Value

Common Stocks

Argentina — 0.3%
Banco Macro SA, ADR		275,008	$	13,717,399
BBVA Banco Frances SA, ADR		346,977		3,108,914
Globant SA^(a)		205,762		19,102,944
Grupo Financiero Galicia SA, ADR		620,143		15,881,862
Pampa Energia SA, ADR^(a)(b)		369,215		9,333,755
Telecom Argentina SA, ADR		427,381		6,338,060
Transportadora de Gas del Sur SA, Class B, ADR		357,818		4,683,838
YPF SA, ADR		1,087,233		16,123,666

				88,290,438

Brazil — 4.8%
Ambev SA		27,766,515		124,489,663
Atacadao SA		2,363,000		13,974,926
B2W Cia. Digital^(a)		1,084,600		8,700,296
B3 SA - Brasil, Bolsa, Balcao		12,284,601		114,768,000
Banco Bradesco SA		7,309,369		60,967,429
Banco BTG Pactual SA		923,100		11,019,943
Banco do Brasil SA		5,077,974		67,262,659
Banco Santander Brasil SA		2,475,900		28,905,740
BB Seguridade Participacoes SA		4,171,900		31,802,957
BR Malls Participacoes SA		4,829,388		15,804,328
BRF SA^(a)		3,304,085		23,381,145
CCR SA		7,195,400		24,576,563
Centrais Eletricas Brasileiras SA		1,253,800		11,021,678
Cia. de Saneamento Basico do Estado de Sao Paulo		2,034,424		22,977,183
Cia. Siderurgica Nacional SA		3,693,028		15,604,610
Cielo SA		7,204,476		12,331,389
Cosan SA		972,300		11,709,131
Embraer SA		4,125,400		19,971,472
Energisa SA		765,400		8,801,005
Engie Brasil Energia SA		1,228,150		14,532,983
Equatorial Energia SA		1,024,000		22,536,685
Hypera SA		2,116,600		16,340,602
IRB Brasil Resseguros S/A		819,400		21,326,505
JBS SA		6,327,965		35,338,574
Klabin SA		4,157,700		16,516,512
Kroton Educacional SA		8,650,680		22,851,020
Localiza Rent a Car SA		3,462,689		33,650,289
Lojas Renner SA		4,734,889		53,271,130
M. Dias Branco SA		610,900		6,038,147
Magazine Luiza SA		452,900		22,677,396
Multiplan Empreendimentos Imobiliarios SA		1,685,009		10,692,730
Natura Cosmeticos SA		1,159,900		17,773,044
Notre Dame Intermedica Participacoes SA		1,560,100		16,340,716
Petrobras Distribuidora SA		2,093,800		13,666,613
Petroleo Brasileiro SA		18,098,474		130,523,176
Porto Seguro SA		586,700		7,943,772
Raia Drogasil SA		1,376,500		24,411,565
Rumo SA^(a)		6,480,600		32,052,017
Sul America SA		1,271,136		11,336,439
Suzano SA		3,202,900		26,248,986
TIM Participacoes SA		4,976,876		13,985,703
Ultrapar Participacoes SA		4,303,300		22,734,581
Vale SA		18,665,309		233,650,149
WEG SA		5,001,806		24,342,020


			1,478,851,471

Chile — 0.8%
Aguas Andinas SA, Class A		16,568,262		9,174,321


Security	Shares		Value

Chile (continued)
Banco de Chile		154,622,201	$	22,276,182
Banco de Credito e Inversiones SA		274,147		17,642,500
Banco Santander Chile		387,924,210		27,411,610
Cencosud SA		8,455,449		15,427,360
Cia. Cervecerias Unidas SA		902,960		12,260,026
Colbun SA		50,526,774		9,540,432
Empresa Nacional de Telecomunicaciones SA		927,373		8,878,594
Empresas CMPC SA		7,377,503		19,669,167
Empresas COPEC SA		2,295,475		23,831,188
Enel Americas SA		171,155,376		27,354,842
Enel Chile SA		174,567,223		16,043,815
Itau CorpBanca		963,736,732		7,528,331
Latam Airlines Group SA		1,829,529		16,095,146
SACI Falabella		4,264,297		25,814,068


			258,947,582

China — 31.0%
3SBio Inc.^(c)		7,712,000		12,570,465
51job Inc., ADR^(a)(b)		144,552		10,169,233
58.com Inc., ADR^(a)(b)		552,607		31,515,177
AAC Technologies Holdings Inc.		4,285,500		22,792,451
Agile Group Holdings Ltd.		8,546,000		10,823,447
Agricultural Bank of China Ltd., Class A		13,913,100		7,384,841
Agricultural Bank of China Ltd., Class H		167,119,000		71,617,404
Aier Eye Hospital Group Co. Ltd., Class A		1,024,891		5,660,209
Air China Ltd., Class H		11,088,000		10,281,136
Alibaba Group Holding Ltd., ADR^(a)(b)		8,359,703		1,247,769,270
Alibaba Health Information Technology Ltd.^(a)(b)		21,002,000		19,902,285
Alibaba Pictures Group Ltd.^(a)(b)		85,580,000		17,791,533
Aluminum Corp. of China Ltd., Class H^(a)		24,856,000		8,939,924
Angang Steel Co. Ltd., Class A		3,698,183		2,715,036
Angang Steel Co. Ltd., Class H		5,072,600		2,283,804
Anhui Conch Cement Co. Ltd., Class A		879,100		5,014,806
Anhui Conch Cement Co. Ltd., Class H		7,452,000		43,530,314
ANTA Sports Products Ltd.		6,391,402		39,128,288
Autohome Inc., ADR^(a)		344,893		29,626,309
AviChina Industry & Technology Co. Ltd., Class H		13,541,000		7,685,360
BAIC Motor Corp. Ltd., Class H^(c)		10,103,000		6,249,504
Baidu Inc., ADR^(a)		1,626,578		178,923,580
Bank of Beijing Co. Ltd., Class A		6,822,807		5,707,691
Bank of China Ltd., Class A		8,363,700		4,680,579
Bank of China Ltd., Class H		463,038,000		191,934,686
Bank of Communications Co. Ltd., Class A		10,010,193		8,605,143
Bank of Communications Co. Ltd., Class H		45,578,600		35,692,981
Bank of Jiangsu Co. Ltd., Class A		4,193,094		4,390,769
Bank of Ningbo Co. Ltd., Class A		1,327,900		4,443,475
Bank of Shanghai Co. Ltd., Class A		2,298,950		3,733,682
Baoshan Iron & Steel Co. Ltd., Class A		6,066,274		5,512,289
Baozun Inc., ADR^(a)(b)		228,681		8,971,156
BBMG Corp., Class H		14,702,000		4,444,043
Beijing Capital International Airport Co. Ltd., Class H		10,164,000		8,594,718
Beijing Enterprises Holdings Ltd.		3,058,500		15,369,445
Beijing Enterprises Water Group Ltd.		33,756,000		17,953,144
BOC Aviation Ltd.^(c)		1,283,000		10,693,644
BOE Technology Group Co. Ltd., Class A		10,306,900		5,113,943
Brilliance China Automotive Holdings Ltd.		18,012,000		18,332,357
BYD Co. Ltd., Class H^(b)		3,883,500		22,734,713
BYD Electronic International Co. Ltd.^(b)		4,063,000		5,347,860
CGN Power Co. Ltd., Class H^(c)		65,475,000		18,037,765
China Agri-Industries Holdings Ltd.		12,210,000		3,690,774


Security	Shares		Value

China (continued)
China Aoyuan Group Ltd.		6,043,000	$	6,528,140
China Cinda Asset Management Co. Ltd., Class H		54,199,000		12,581,028
China CITIC Bank Corp. Ltd., Class H		53,661,800		30,456,411
China Coal Energy Co. Ltd., Class H		11,878,000		4,847,823
China Communications Construction Co. Ltd., Class H		26,575,000		23,624,331
China Communications Services Corp. Ltd., Class H		14,488,000		10,846,759
China Conch Venture Holdings Ltd.		9,750,500		31,649,594
China Construction Bank Corp., Class A		2,913,969		2,933,660
China Construction Bank Corp., Class H		562,490,760		444,795,673
China Ding Yi Feng Holdings Ltd.^(a)(b)(d)		5,872,000		127,318
China Eastern Airlines Corp. Ltd., Class A		4,614,932		3,987,140
China Eastern Airlines Corp. Ltd., Class H		4,710,000		2,589,117
China Education Group Holdings Ltd.		2,645,000		4,075,173
China Everbright Bank Co. Ltd., Class A		6,815,100		3,774,617
China Everbright Bank Co. Ltd., Class H		18,208,000		8,220,893
China Everbright International Ltd.^(b)		21,093,813		19,962,387
China Everbright Ltd.		5,910,000		9,452,322
China Evergrande Group^(b)		10,907,388		29,005,496
China First Capital Group Ltd.^(a)		18,990,000		5,812,858
China Fortune Land Development Co. Ltd., Class A		1,286,727		5,499,047
China Galaxy Securities Co. Ltd., Class H		21,136,500		11,349,289
China Gas Holdings Ltd.		10,535,000		33,860,125
China Hongqiao Group Ltd.		11,231,500		8,122,211
China Huarong Asset Management Co. Ltd., Class H^(c)		60,531,000		10,267,931
China Huishan Dairy Holdings Co. Ltd.^(a)(d)		5,603,350		14,293
China International Capital Corp. Ltd., Class H^(b)(c)		6,488,400		11,784,226
China International Marine Containers Group Co. Ltd., Class A		1,278,073		2,291,375
China International Travel Service Corp. Ltd., Class A		535,544		5,977,911
China Jinmao Holdings Group Ltd.		30,932,000		17,871,445
China Life Insurance Co. Ltd., Class H		44,095,000		102,356,212
China Literature Ltd.^(a)(b)(c)		1,567,400		6,037,265
China Longyuan Power Group Corp. Ltd., Class H		19,268,000		12,164,529
China Medical System Holdings Ltd.		8,202,000		7,218,091
China Mengniu Dairy Co. Ltd.		16,367,000		59,806,334
China Merchants Bank Co. Ltd., Class A		3,574,287		17,636,480
China Merchants Bank Co. Ltd., Class H		22,997,467		110,726,209
China Merchants Port Holdings Co. Ltd.		8,078,000		14,135,508
China Merchants Securities Co. Ltd., Class A		3,326,184		7,416,947
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A		2,354,797		7,377,050
China Minsheng Banking Corp. Ltd., Class A		9,078,553		8,000,686
China Minsheng Banking Corp. Ltd., Class H		35,206,048		25,594,438
China Mobile Ltd.		36,125,000		315,380,458
China Molybdenum Co. Ltd., Class H		23,505,000		7,374,776
China National Building Material Co. Ltd., Class H		22,872,000		17,590,368
China Oilfield Services Ltd., Class H		10,660,000		9,530,785
China Oriental Group Co. Ltd.		6,722,000		3,900,887
China Overseas Land & Investment Ltd.		22,774,960		79,009,625
China Pacific Insurance Group Co. Ltd., Class A		1,481,603		7,355,499
China Pacific Insurance Group Co. Ltd., Class H		15,462,000		57,189,610
China Petroleum & Chemical Corp., Class A		5,719,722		4,479,651
China Petroleum & Chemical Corp., Class H		148,826,800		99,084,362
China Power International Development Ltd.^(b)		26,057,000		6,746,429
China Railway Construction Corp. Ltd., Class A		3,527,000		4,781,925


Security	Shares		Value

China (continued)
China Railway Construction Corp. Ltd., Class H		12,008,500	$	14,044,671
China Railway Group Ltd., Class H		22,524,000		16,834,360
China Railway Signal & Communication Corp. Ltd., Class H^(c)		8,950,000		5,890,148
China Reinsurance Group Corp., Class H		29,646,000		5,406,991
China Resources Beer Holdings Co. Ltd.		8,742,000		38,243,567
China Resources Cement Holdings Ltd.		14,398,000		12,487,185
China Resources Gas Group Ltd.		5,324,000		25,497,727
China Resources Land Ltd.		16,437,333		66,876,804
China Resources Pharmaceutical Group Ltd.^(c)		9,932,000		12,971,498
China Resources Power Holdings Co. Ltd.		11,354,999		16,538,902
China Shenhua Energy Co. Ltd., Class H		20,295,500		41,675,335
China Shipbuilding Industry Co. Ltd., Class A		11,570,392		8,561,204
China Southern Airlines Co. Ltd., Class H		10,740,000		6,903,801
China State Construction Engineering Corp. Ltd., Class A		11,853,673		9,591,471
China State Construction International Holdings Ltd.^(b)		12,094,000		12,386,225
China Taiping Insurance Holdings Co. Ltd.		9,615,060		24,710,442
China Telecom Corp. Ltd., Class H		82,460,000		41,437,450
China Tower Corp. Ltd., Class H^(c)		244,590,000		54,904,108
China Traditional Chinese Medicine Holdings Co. Ltd.		13,700,000		7,233,931
China Unicom Hong Kong Ltd.		36,118,000		38,096,289
China United Network Communications Ltd., Class A		9,959,500		8,518,471
China Vanke Co. Ltd., Class A		2,611,565		10,057,302
China Vanke Co. Ltd., Class H		7,825,431		27,696,489
China Yangtze Power Co. Ltd., Class A		3,402,960		8,692,502
China Zhongwang Holdings Ltd.^(b)		9,950,000		4,746,223
Chongqing Rural Commercial Bank Co. Ltd., Class H		15,217,000		7,782,639
CIFI Holdings Group Co. Ltd.		17,496,000		10,465,623
CITIC Ltd.		34,557,000		46,895,496
CITIC Securities Co. Ltd., Class A		2,576,585		7,480,966
CITIC Securities Co. Ltd., Class H		12,255,500		22,320,952
CNOOC Ltd.		104,958,000		171,080,248
COSCO SHIPPING Energy Transportation Co. Ltd., Class H		6,932,000		3,624,899
COSCO SHIPPING Holdings Co. Ltd., Class A^(a)		4,170,109		2,875,045
COSCO SHIPPING Holdings Co. Ltd., Class H^(a)		12,707,000		4,683,757
COSCO SHIPPING Ports Ltd.		10,482,000		10,187,148
Country Garden Holdings Co. Ltd.		44,832,939		60,611,711
Country Garden Services Holdings Co. Ltd.		7,273,000		14,916,025
CRRC Corp. Ltd., Class A		7,505,242		8,562,697
CRRC Corp. Ltd., Class H		24,284,300		20,813,654
CSPC Pharmaceutical Group Ltd.		27,624,000		44,533,529
Ctrip.com International Ltd., ADR^(a)(b)		2,404,313		83,093,057
Dali Foods Group Co. Ltd.^(c)		12,353,500		8,839,066
Daqin Railway Co. Ltd., Class A		2,796,955		3,372,571
Datang International Power Generation Co. Ltd., Class H		18,196,000		4,548,681
Dongfeng Motor Group Co. Ltd., Class H		16,210,000		13,355,772
East Money Information Co. Ltd., Class A		2,050,143		3,740,624
ENN Energy Holdings Ltd.		4,685,500		42,130,686
Far East Horizon Ltd.		13,373,000		14,241,928
Focus Media Information Technology Co. Ltd., Class A		6,193,678		4,966,985
Foshan Haitian Flavouring & Food Co. Ltd., Class A		487,053		7,039,039


Security	Shares		Value

China (continued)
Fosun International Ltd.		15,350,500	$	19,813,286
Fullshare Holdings Ltd.^(a)(b)		44,000,000		4,096,651
Future Land Development Holdings Ltd.		10,620,000		11,580,948
Fuyao Glass Industry Group Co. Ltd., Class H^(c)		3,251,600		9,704,350
Ganfeng Lithium Co. Ltd., Class A		27,822		98,236
GDS Holdings Ltd., ADR^(a)(b)		349,597		11,358,407
Geely Automobile Holdings Ltd.^(b)		29,059,000		47,662,312
Genscript Biotech Corp.^(a)(b)		5,494,000		11,870,132
GF Securities Co. Ltd., Class H		8,555,400		9,755,091
GOME Retail Holdings Ltd.^(a)(b)		66,199,200		6,501,251
Great Wall Motor Co. Ltd., Class H^(b)		18,339,500		13,332,630
Gree Electric Appliances Inc. of Zhuhai, Class A		793,875		5,989,716
Greentown Service Group Co. Ltd.		6,134,000		4,827,057
Guangdong Investment Ltd.		17,778,110		34,964,187
Guangzhou Automobile Group Co. Ltd., Class H		17,545,838		16,918,014
Guangzhou R&F Properties Co. Ltd., Class H		5,921,200		11,207,200
Guotai Junan Securities Co. Ltd., Class A		2,473,340		5,732,831
Guotai Junan Securities Co. Ltd., Class H^(c)		2,945,800		5,027,046
Haier Electronics Group Co. Ltd.^(b)		7,540,000		19,214,111
Haitian International Holdings Ltd.		4,117,000		8,138,906
Haitong Securities Co. Ltd., Class H		18,548,000		19,019,829
Hangzhou Hikvision Digital Technology Co. Ltd., Class A		2,799,002		10,028,228
Hengan International Group Co. Ltd.^(b)		4,241,000		31,102,091
HengTen Networks Group Ltd.^(a)(b)		135,584,000		3,354,777
Hua Hong Semiconductor Ltd.^(b)(c)		2,703,000		5,681,418
Huadian Power International Corp. Ltd., Class H		10,080,000		4,178,278
Huaneng Power International Inc., Class H		24,242,000		15,273,862
Huaneng Renewables Corp. Ltd., Class H		29,676,000		8,024,070
Huatai Securities Co. Ltd., Class A		1,923,800		5,169,424
Huatai Securities Co. Ltd., Class H^(c)		10,136,000		16,056,159
Huaxia Bank Co. Ltd., Class A		3,543,020		3,832,695
Huazhu Group Ltd., ADR		771,577		23,610,256
Hutchison China MediTech Ltd., ADR^(a)(b)		321,808		8,885,119
Industrial & Commercial Bank of China Ltd., Class A		9,827,235		7,951,766
Industrial & Commercial Bank of China Ltd., Class H		380,208,085		271,558,153
Industrial Bank Co. Ltd., Class A		4,417,772		11,195,525
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A		28,368,700		7,201,476
Inner Mongolia Yili Industrial Group Co. Ltd., Class A		1,573,215		6,809,629
Inner Mongolia Yitai Coal Co. Ltd., Class B		6,311,817		6,911,440
iQIYI Inc., ADR^(a)(b)		736,265		13,422,111
JD.com Inc., ADR^(a)(b)		4,322,275		111,341,804
Jiangsu Expressway Co. Ltd., Class H		7,634,000		10,632,326
Jiangsu Hengrui Medicine Co. Ltd., Class A		1,118,913		10,031,751
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A		385,787		6,363,428
Jiangxi Copper Co. Ltd., Class H		8,092,000		10,103,970
Kaisa Group Holdings Ltd.^(b)		13,331,000		5,542,859
Kangmei Pharmaceutical Co. Ltd., Class A		870,294		525,956
Kingboard Holdings Ltd.		4,069,000		10,690,755
Kingboard Laminates Holdings Ltd.		6,432,500		5,488,572
Kingdee International Software Group Co. Ltd.^(b)		13,934,000		15,514,705
Kingsoft Corp. Ltd.^(a)		4,929,000		13,578,945
Kunlun Energy Co. Ltd.		19,350,000		17,818,520
Kweichow Moutai Co. Ltd., Class A		227,413		29,192,729
KWG Group Holdings Ltd.		7,611,000		7,639,588


Security	Shares		Value

China (continued)
Lee & Man Paper Manufacturing Ltd.		8,963,000	$	5,830,114
Legend Holdings Corp., Class H^(c)		2,270,400		5,478,693
Lenovo Group Ltd.		42,814,000		29,760,195
Li Ning Co. Ltd.^(a)		10,519,500		17,414,991
Logan Property Holdings Co. Ltd.		8,312,000		12,276,302
Longfor Group Holdings Ltd.		9,888,000		36,257,661
LONGi Green Energy Technology Co. Ltd., Class A		1,014,644		3,487,443
Luxshare Precision Industry Co. Ltd., Class A		1,533,053		4,745,219
Luye Pharma Group Ltd.^(b)(c)		6,942,500		5,224,219
Luzhou Laojiao Co. Ltd., Class A		398,432		4,058,942
Maanshan Iron & Steel Co. Ltd., Class H		10,656,000		4,539,355
Meitu Inc.^(a)(b)(c)		11,278,500		3,811,981
Meituan Dianping, Class B^(a)		5,831,700		45,036,309
Metallurgical Corp. of China Ltd., Class A		9,432,090		4,081,301
Metallurgical Corp. of China Ltd., Class H		11,382,000		3,034,019
Midea Group Co. Ltd., Class A		999,760		7,152,318
MMG Ltd.^(a)		14,652,000		4,466,304
Momo Inc., ADR		846,453		23,336,709
Muyuan Foodstuff Co. Ltd., Class A		453,250		4,141,463
NARI Technology Co. Ltd., Class A		1,599,783		4,222,616
NetEase Inc., ADR		414,105		102,950,644
New China Life Insurance Co. Ltd., Class A		559,692		4,165,510
New China Life Insurance Co. Ltd., Class H		4,989,900		23,165,768
New Hope Liuhe Co. Ltd., Class A		1,169,497		3,474,847
New Oriental Education & Technology Group Inc., ADR^(a)		841,568		72,080,299
Nexteer Automotive Group Ltd.		5,279,000		6,463,628
Nine Dragons Paper Holdings Ltd.^(b)		9,817,000		7,825,503
NIO Inc., ADR^(a)(b)		3,732,309		11,383,542
Noah Holdings Ltd., ADR^(a)(b)		175,420		6,709,815
People’s Insurance Co. Group of China Ltd. (The), Class H		47,791,000		18,773,719
PetroChina Co. Ltd., Class A		2,859,100		2,948,525
PetroChina Co. Ltd., Class H		124,878,000		69,761,132
PICC Property & Casualty Co. Ltd., Class H		40,739,192		44,009,790
Pinduoduo Inc., ADR^(a)(b)		1,123,535		21,819,050
Ping An Bank Co. Ltd., Class A		3,861,929		6,784,549
Ping An Insurance Group Co. of China Ltd., Class A		2,248,692		25,622,793
Ping An Insurance Group Co. of China Ltd., Class H		32,433,500		358,232,662
Poly Developments and Holdings Group Co. Ltd., Class A		3,380,015		5,928,183
Postal Savings Bank of China Co. Ltd., Class H^(c)		45,796,000		27,393,900
Qingdao Haier Co. Ltd., Class A		2,297,641		5,269,249
SAIC Motor Corp. Ltd., Class A		2,212,271		7,642,109
Sany Heavy Industry Co. Ltd., Class A		3,558,388		6,194,838
Seazen Holdings Co. Ltd., Class A		796,673		4,251,589
Semiconductor Manufacturing International Corp.^(a)(b)		18,089,499		21,756,634
Shaanxi Coal Industry Co. Ltd., Class A		3,444,884		4,337,687
Shandong Weigao Group Medical Polymer Co. Ltd., Class H		12,420,000		10,803,375
Shanghai Electric Group Co. Ltd., Class H		18,806,000		6,644,001
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H		3,439,500		10,111,596
Shanghai Industrial Holdings Ltd.		3,182,000		6,631,407
Shanghai International Airport Co. Ltd., Class A		329,098		3,281,890


Security	Shares		Value

China (continued)
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class B		7,671,906	$	8,922,427
Shanghai Pharmaceuticals Holding Co. Ltd., Class H		5,377,500		10,617,074
Shanghai Pudong Development Bank Co. Ltd., Class A		5,910,244		9,487,897
Shenwan Hongyuan Group Co. Ltd., Class A		12,376,689		8,425,892
Shenzhen International Holdings Ltd.		5,595,000		9,833,379
Shenzhen Investment Ltd.		16,008,000		5,900,494
Shenzhou International Group Holdings Ltd.		4,470,400		52,711,669
Shimao Property Holdings Ltd.		6,880,000		19,699,638
Shui On Land Ltd.		21,595,500		4,902,716
Sihuan Pharmaceutical Holdings Group Ltd.		23,556,000		5,287,711
SINA Corp./China^(a)		373,609		15,041,498
Sino Biopharmaceutical Ltd.		40,939,500		41,302,134
Sino-Ocean Group Holding Ltd.		18,519,500		7,393,108
Sinopec Engineering Group Co. Ltd., Class H		7,889,000		6,419,425
Sinopec Shanghai Petrochemical Co. Ltd., Class H		21,609,000		9,425,714
Sinopharm Group Co. Ltd., Class H		7,120,400		26,745,034
Sinotrans Ltd., Class H		12,202,000		4,482,053
Sinotruk Hong Kong Ltd.		4,120,500		7,809,481
SOHO China Ltd.		13,773,000		4,303,761
SSY Group Ltd.		9,154,000		7,273,650
Sun Art Retail Group Ltd.		14,203,500		12,390,960
Sunac China Holdings Ltd.		14,338,000		61,810,001
Suning.com Co. Ltd., Class A		2,081,835		3,254,955
Sunny Optical Technology Group Co. Ltd.		4,209,300		35,889,281
TAL Education Group, ADR^(a)		2,094,767		72,080,932
Tencent Holdings Ltd.		33,614,500		1,397,647,742
Tencent Music Entertainment Group, ADR^(a)(b)		529,943		7,016,445
Tingyi Cayman Islands Holding Corp.		11,906,000		19,345,893
Tong Ren Tang Technologies Co. Ltd., Class H		3,310,000		4,238,529
Towngas China Co. Ltd.		5,836,000		4,399,023
Transfar Zhilian Co. Ltd., Class A		60,698		65,486
TravelSky Technology Ltd., Class H		5,718,000		11,843,598
Tsingtao Brewery Co. Ltd., Class H		2,336,000		14,196,759
Uni-President China Holdings Ltd.		7,827,000		8,315,604
Vipshop Holdings Ltd., ADR^(a)		2,573,134		19,401,430
Want Want China Holdings Ltd.^(b)		30,014,000		21,398,787
Weibo Corp., ADR^(a)(b)		317,210		13,170,559
Weichai Power Co. Ltd., Class H		11,850,800		18,016,789
Wens Foodstuffs Group Co. Ltd., Class A		1,404,394		7,980,950
Wuliangye Yibin Co. Ltd., Class A		779,081		11,377,505
WuXi AppTec Co. Ltd., Class H^(a)(c)		522,600		5,722,202
Wuxi Biologics Cayman Inc.^(a)(c)		3,188,000		30,129,366
Xiaomi Corp., Class B^(a)(b)(c)		20,346,400		24,860,311
Xinjiang Goldwind Science & Technology Co. Ltd., Class A		2,924,593		4,821,488
Xinjiang Goldwind Science & Technology Co. Ltd., Class H^(b)		3,114,646		3,277,299
Xinyi Solar Holdings Ltd.		18,588,000		10,194,234
Yanzhou Coal Mining Co. Ltd., Class H		10,948,800		10,291,709
Yihai International Holding Ltd.^(b)		2,847,000		14,070,601
Yonghui Superstores Co. Ltd., Class A		2,995,100		4,233,571
Yuexiu Property Co. Ltd.		40,178,000		9,121,406
Yum China Holdings Inc.		2,117,788		84,732,698
Yunnan Baiyao Group Co. Ltd., Class A		214,492		2,403,508
Yuzhou Properties Co. Ltd.		9,970,000		4,539,592
YY Inc., ADR^(a)		286,705		19,624,957


Security	Shares		Value

China (continued)
Zhaojin Mining Industry Co. Ltd., Class H		6,298,000	$	5,783,472
Zhejiang Expressway Co. Ltd., Class H		8,796,000		9,188,034
Zhejiang Longsheng Group Co. Ltd., Class A		344,200		822,627
ZhongAn Online P&C Insurance Co. Ltd., Class H^(a)(b)(c)		1,527,800		4,364,837
Zhongsheng Group Holdings Ltd.^(b)		3,370,500		8,485,842
Zhuzhou CRRC Times Electric Co. Ltd., Class H		3,248,800		17,485,937
Zijin Mining Group Co. Ltd., Class H		36,188,000		12,784,914
ZTE Corp., Class A^(a)		606,900		2,517,534
ZTE Corp., Class H^(a)		4,500,200		10,824,977
ZTO Express Cayman Inc., ADR		1,874,802		33,821,428

				9,561,955,335

Colombia — 0.3%
Bancolombia SA		1,363,832		15,133,928
Cementos Argos SA		2,777,431		6,007,448
Ecopetrol SA		29,188,637		23,945,734
Grupo Argos SA/Colombia		1,850,788		9,510,947
Grupo de Inversiones Suramericana SA		1,576,264		15,555,014
Interconexion Electrica SA ESP		2,513,461		12,081,097

				82,234,168

Czech Republic — 0.2%
CEZ AS		940,451		21,846,282
Komercni Banka AS		438,800		16,524,812
Moneta Money Bank AS^(c)		2,863,719		9,326,807

				47,697,901

Egypt — 0.1%
Commercial International Bank Egypt SAE		8,383,981		35,904,874
Eastern Co. SAE		6,524,427		6,052,829
EISewedy Electric Co.		4,520,308		3,756,122

				45,713,825

Greece — 0.3%
Alpha Bank AE^(a)		8,371,733		15,766,081
Eurobank Ergasias SA^(a)		13,176,533		12,847,863
FF Group^(a)(d)		246,892		2,751
Hellenic Telecommunications Organization SA		1,462,383		19,962,682
JUMBO SA		676,950		11,994,313
Motor Oil Hellas Corinth Refineries SA		367,682		9,341,764
National Bank of Greece SA^(a)		2,844,444		7,505,865
OPAP SA		1,341,508		14,014,778
Titan Cement Co. SA		285,346		5,787,152

				97,223,249

Hungary — 0.3%
MOL Hungarian Oil & Gas PLC		2,270,053		25,507,338
OTP Bank Nyrt		1,336,551		55,698,956
Richter Gedeon Nyrt		836,177		14,999,789

				96,206,083

India — 9.5%
Adani Ports & Special Economic Zone Ltd.		3,199,800		19,118,565
Ambuja Cements Ltd.		3,536,548		11,702,014
Ashok Leyland Ltd.		6,847,438		8,729,860
Asian Paints Ltd.		1,696,637		34,260,790
Aurobindo Pharma Ltd.		1,562,686		15,077,217
Avenue Supermarts Ltd.^(a)(c)		740,909		14,066,281
Axis Bank Ltd.^(a)		11,227,487		130,219,758
Bajaj Auto Ltd.		494,903		20,777,884
Bajaj Finance Ltd.		1,026,367		51,061,174
Bajaj Finserv Ltd.		229,020		26,907,313
Bharat Forge Ltd.		1,239,106		8,309,453


Security	Shares		Value

India (continued)
Bharat Petroleum Corp. Ltd.		3,901,023	$	22,913,691
Bharti Airtel Ltd.		10,658,454		53,344,842
Bharti Infratel Ltd.		1,931,300		7,454,590
Bosch Ltd.		44,448		11,303,359
Britannia Industries Ltd.		335,725		14,075,966
Cipla Ltd./India		2,050,884		16,445,917
Coal India Ltd.		7,088,335		25,783,623
Container Corp. of India Ltd.		1,210,891		9,209,661
Dabur India Ltd.		3,114,083		17,692,625
Divi’s Laboratories Ltd.		471,637		10,775,924
Dr. Reddy’s Laboratories Ltd.		680,020		26,134,293
Eicher Motors Ltd.		78,564		22,487,400
GAIL India Ltd.		4,699,640		24,344,090
Glenmark Pharmaceuticals Ltd.		838,377		6,560,492
Godrej Consumer Products Ltd.		2,123,420		20,964,169
Grasim Industries Ltd.		1,817,054		23,103,210
Havells India Ltd.		1,490,710		15,998,803
HCL Technologies Ltd.		3,209,082		50,308,791
Hero MotoCorp Ltd.		289,516		11,134,472
Hindalco Industries Ltd.		6,960,473		19,675,543
Hindustan Petroleum Corp. Ltd.		3,608,894		16,790,973
Hindustan Unilever Ltd.		3,835,030		98,419,115
Housing Development Finance Corp. Ltd.		9,626,606		301,494,256
ICICI Bank Ltd.		14,071,487		85,550,037
ICICI Lombard General Insurance Co. Ltd.^(c)		550,035		9,285,472
Indiabulls Housing Finance Ltd.		1,630,631		18,403,642
Indian Oil Corp. Ltd.		11,002,451		26,136,075
Infosys Ltd.		20,589,674		217,961,824
InterGlobe Aviation Ltd.^(c)		548,577		13,195,051
ITC Ltd.		20,215,279		80,798,751
JSW Steel Ltd.		5,025,935		19,594,232
Larsen & Toubro Ltd.		2,806,575		62,724,960
LIC Housing Finance Ltd.		1,756,583		14,079,634
Lupin Ltd.		1,309,352		14,007,316
Mahindra & Mahindra Financial Services Ltd.		1,796,472		10,869,118
Mahindra & Mahindra Ltd.		4,411,424		40,957,967
Marico Ltd.		2,673,148		14,266,890
Maruti Suzuki India Ltd.		620,175		61,134,062
Motherson Sumi Systems Ltd.		5,558,386		9,200,005
Nestle India Ltd.		137,898		22,751,278
NTPC Ltd.		14,025,336		26,816,509
Oil & Natural Gas Corp. Ltd.		14,643,109		36,129,106
Page Industries Ltd.		32,445		9,198,079
Petronet LNG Ltd.		3,584,137		12,705,484
Pidilite Industries Ltd.		719,001		13,305,252
Piramal Enterprises Ltd.		488,645		15,586,367
Power Grid Corp. of India Ltd.		10,371,617		28,172,075
REC Ltd.		4,165,959		8,640,818
Reliance Industries Ltd.		16,791,571		320,489,418
Shree Cement Ltd.		50,874		15,781,498
Shriram Transport Finance Co. Ltd.		873,934		14,600,418
State Bank of India^(a)		10,526,034		53,240,930
Sun Pharmaceutical Industries Ltd.		4,957,968		29,157,508
Tata Consultancy Services Ltd.		5,309,527		167,347,286
Tata Motors Ltd.^(a)		9,263,107		22,941,363
Tata Power Co. Ltd. (The)		6,723,568		6,637,583
Tata Steel Ltd.		2,019,415		14,149,270
Tech Mahindra Ltd.		2,796,144		30,506,672
Titan Co. Ltd.		1,837,956		32,590,234
UltraTech Cement Ltd.		567,273		38,746,273


Security	Shares		Value

India (continued)
United Spirits Ltd.^(a)		1,718,752	$	13,664,191
UPL Ltd.		2,128,115		30,504,267
Vedanta Ltd.		9,946,023		22,912,977
Vodafone Idea Ltd.^(a)		41,552,624		8,317,531
Wipro Ltd.		7,226,907		29,699,369
Yes Bank Ltd.		10,057,982		21,330,795
Zee Entertainment Enterprises Ltd.		2,967,237		15,219,111

				2,925,952,812

Indonesia — 2.1%
Adaro Energy Tbk PT		85,404,300		7,749,068
Astra International Tbk PT		119,376,900		62,312,693
Bank Central Asia Tbk PT		58,436,600		119,145,564
Bank Mandiri Persero Tbk PT		110,325,000		59,326,984
Bank Negara Indonesia Persero Tbk PT		43,853,876		25,809,953
Bank Rakyat Indonesia Persero Tbk PT		327,581,510		94,102,938
Bank Tabungan Negara Persero Tbk PT		25,164,300		4,354,936
Barito Pacific Tbk PT		25,045,100		5,790,774
Bukit Asam Tbk PT		16,378,000		3,511,416
Bumi Serpong Damai Tbk PT^(a)		46,488,300		4,397,212
Charoen Pokphand Indonesia Tbk PT		44,131,145		15,150,997
Gudang Garam Tbk PT		2,825,300		15,930,357
Hanjaya Mandala Sampoerna Tbk PT		54,113,400		12,815,084
Indah Kiat Pulp & Paper Corp. Tbk PT		16,320,200		8,861,906
Indocement Tunggal Prakarsa Tbk PT		11,083,200		16,462,697
Indofood CBP Sukses Makmur Tbk PT		13,907,200		9,549,172
Indofood Sukses Makmur Tbk PT		25,948,100		11,999,121
Jasa Marga Persero Tbk PT		13,241,695		5,288,328
Kalbe Farma Tbk PT		126,903,515		12,492,516
Pabrik Kertas Tjiwi Kimia Tbk PT		7,997,700		5,715,645
Pakuwon Jati Tbk PT		110,372,000		5,451,901
Perusahaan Gas Negara Tbk PT		65,098,000		9,395,823
Semen Indonesia Persero Tbk PT		17,654,000		14,286,474
Surya Citra Media Tbk PT		35,738,700		4,131,642
Telekomunikasi Indonesia Persero Tbk PT		292,600,800		79,953,976
Unilever Indonesia Tbk PT		8,920,800		27,814,020
United Tractors Tbk PT		9,949,353		17,671,473

				659,472,670

Malaysia — 2.2%
AirAsia Group Bhd^(b)		9,029,900		6,227,517
Alliance Bank Malaysia Bhd^(b)		6,312,200		5,799,301
AMMB Holdings Bhd^(b)		10,265,475		10,852,179
Axiata Group Bhd^(b)		16,322,100		18,267,665
British American Tobacco Malaysia Bhd		854,300		6,115,977
CIMB Group Holdings Bhd		27,963,300		35,166,828
Dialog Group Bhd		21,696,512		17,189,457
DiGi.Com Bhd^(b)		18,754,300		22,242,900
Fraser & Neave Holdings Bhd		679,700		5,547,247
Gamuda Bhd^(b)		10,709,600		8,919,342
Genting Bhd		12,720,500		19,397,207
Genting Malaysia Bhd^(b)		17,592,900		13,182,605
Genting Plantations Bhd^(b)		1,750,100		4,326,700
HAP Seng Consolidated Bhd		3,640,800		8,601,341
Hartalega Holdings Bhd		8,289,100		10,285,961
Hong Leong Bank Bhd^(b)		3,904,400		17,702,804
Hong Leong Financial Group Bhd^(b)		1,311,600		5,940,620
IHH Healthcare Bhd^(b)		13,299,600		17,455,626
IJM Corp. Bhd^(b)		17,260,740		9,144,217
IOI Corp. Bhd^(b)		11,921,920		12,261,896
Kuala Lumpur Kepong Bhd		2,615,900		15,481,284


Security	Shares		Value

Malaysia (continued)
Malayan Banking Bhd		22,481,400	$	48,390,939
Malaysia Airports Holdings Bhd^(b)		5,714,400		10,009,234
Maxis Bhd^(b)		13,321,100		17,611,000
MISC Bhd		6,907,600		11,456,347
Nestle Malaysia Bhd		351,500		12,330,390
Petronas Chemicals Group Bhd		14,120,600		28,035,650
Petronas Dagangan Bhd^(b)		1,294,900		7,960,058
Petronas Gas Bhd^(b)		3,824,300		16,116,725
PPB Group Bhd		3,552,360		15,920,134
Press Metal Aluminium Holdings Bhd^(b)		8,385,300		8,964,597
Public Bank Bhd		17,873,030		100,657,083
QL Resources Bhd^(b)		2,930,600		4,783,511
RHB Bank Bhd^(b)		5,511,225		7,667,448
RHB Capital Bhd^(a)(d)		3,214,200		8
Sime Darby Bhd		14,726,073		8,152,843
Sime Darby Plantation Bhd^(b)		13,402,473		14,904,074
Sime Darby Property Bhd^(b)		16,517,573		4,178,171
SP Setia Bhd Group^(b)		8,130,400		4,249,034
Telekom Malaysia Bhd^(b)		6,654,900		5,733,013
Tenaga Nasional Bhd^(b)		18,436,650		55,875,302
Top Glove Corp. Bhd^(b)		8,679,400		10,459,604
Westports Holdings Bhd^(b)		5,969,400		5,527,090
YTL Corp. Bhd^(b)		18,981,089		5,163,690

				674,254,619

Mexico — 2.6%
Alfa SAB de CV, Class A		17,795,500		16,233,409
Alsea SAB de CV^(b)		2,778,600		5,425,011
America Movil SAB de CV, Series L, NVS		198,037,400		139,251,753
Arca Continental SAB de CV		2,539,236		13,562,704
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand		10,754,900		15,739,012
Cemex SAB de CV, CPO^(a)		88,068,173		35,880,208
Coca-Cola Femsa SAB de CV		3,116,993		19,425,280
El Puerto de Liverpool SAB de CV, Series C1, NVS^(b)		1,092,065		6,109,750
Fibra Uno Administracion SA de CV		19,450,500		24,943,532
Fomento Economico Mexicano SAB de CV		11,418,300		106,081,343
Gruma SAB de CV, Series B		1,188,915		11,331,112
Grupo Aeroportuario del Pacifico SAB de CV, Series B		2,112,500		20,659,122
Grupo Aeroportuario del Sureste SAB de CV, Class B		1,229,505		19,399,114
Grupo Bimbo SAB de CV, Series A^(b)		9,858,900		19,882,186
Grupo Carso SAB de CV, Series A1^(b)		2,966,741		10,911,507
Grupo Financiero Banorte SAB de CV, Class O		15,269,356		82,990,116
Grupo Financiero Inbursa SAB de CV, Class O^(b)		13,865,700		18,382,490
Grupo Mexico SAB de CV, Series B		20,709,188		51,647,573
Grupo Televisa SAB, CPO^(b)		14,353,200		26,713,500
Industrias Penoles SAB de CV		847,408		9,476,330
Infraestructura Energetica Nova SAB de CV		3,221,500		13,108,416
Kimberly-Clark de Mexico SAB de CV, Class A^(b)		8,964,800		16,159,176
Megacable Holdings SAB de CV, CPO		1,620,000		6,683,538
Mexichem SAB de CV		6,244,334		13,057,652
Promotora y Operadora de Infraestructura SAB de CV		1,366,755		13,297,837
Wal-Mart de Mexico SAB de CV		30,601,900		86,306,049

				802,657,720

Pakistan — 0.0%
Habib Bank Ltd.		3,660,200		3,057,118


Security	Shares		Value

Pakistan (continued)
MCB Bank Ltd.		2,379,400	$	2,846,430
Oil & Gas Development Co. Ltd.		4,057,700		3,752,155

				9,655,703

Peru — 0.4%
Cia. de Minas Buenaventura SAA, ADR		1,136,368		17,238,703
Credicorp Ltd.		397,579		88,978,180
Southern Copper Corp.		498,527		16,815,316

				123,032,199

Philippines — 1.2%
Aboitiz Equity Ventures Inc.		12,523,090		13,420,769
Aboitiz Power Corp.		7,734,464		5,412,242
Alliance Global Group Inc.		23,170,780		6,929,778
Ayala Corp.		1,578,696		27,814,298
Ayala Land Inc.		44,972,900		42,678,602
Bank of the Philippine Islands		5,672,784		8,787,426
BDO Unibank Inc.		11,982,201		31,700,767
DMCI Holdings Inc.		23,571,500		4,781,091
Globe Telecom Inc.		210,705		8,765,742
GT Capital Holdings Inc.		541,236		8,954,711
International Container Terminal Services Inc.		4,775,440		12,451,062
JG Summit Holdings Inc.		17,687,154		21,226,890
Jollibee Foods Corp.		2,749,409		15,180,495
Manila Electric Co.		1,179,550		8,706,251
Megaworld Corp.		68,850,900		7,787,817
Metro Pacific Investments Corp.		85,627,800		7,387,226
Metropolitan Bank & Trust Co.		8,049,470		11,072,439
PLDT Inc.		531,433		13,754,233
Robinsons Land Corp.		11,644,506		5,804,282
Security Bank Corp.		1,275,150		4,278,124
SM Investments Corp.		1,497,512		27,044,273
SM Prime Holdings Inc.		60,259,725		45,979,507
Universal Robina Corp.		5,508,230		17,635,291

				357,553,316

Poland — 1.1%
Alior Bank SA^(a)		540,085		7,423,172
Bank Handlowy w Warszawie SA		5,831		81,510
Bank Millennium SA^(a)		3,727,857		9,286,770
Bank Polska Kasa Opieki SA		972,140		26,887,552
CCC SA		170,631		6,960,179
CD Projekt SA		399,079		21,587,280
Cyfrowy Polsat SA^(a)		1,509,276		10,254,221
Dino Polska SA^(a)(c)		293,892		9,517,035
Grupa Lotos SA		542,450		12,400,713
Jastrzebska Spolka Weglowa SA^(a)		310,956		4,063,462
KGHM Polska Miedz SA^(a)		822,842		20,348,555
LPP SA		7,770		14,835,926
mBank SA		89,682		9,398,803
Orange Polska SA^(a)		3,890,705		5,215,897
PGE Polska Grupa Energetyczna SA^(a)		4,997,022		12,006,225
Polski Koncern Naftowy ORLEN SA		1,759,049		44,315,644
Polskie Gornictwo Naftowe i Gazownictwo SA		10,214,871		14,890,676
Powszechna Kasa Oszczednosci Bank Polski SA		5,111,935		52,296,351
Powszechny Zaklad Ubezpieczen SA		3,549,929		38,284,952
Santander Bank Polska SA		209,892		19,953,550

				340,008,473

Qatar — 1.0%
Barwa Real Estate Co.		710,044		6,970,353
Commercial Bank PQSC (The)		1,284,892		16,320,272
Ezdan Holding Group QSC^(a)		562,377		1,145,668


Security	Shares		Value

Qatar (continued)
Industries Qatar QSC		1,048,548	$	32,686,484
Masraf Al Rayan QSC		2,376,277		23,522,348
Mesaieed Petrochemical Holding Co.		2,273,070		16,303,699
Ooredoo QPSC		518,034		9,126,861
Qatar Electricity & Water Co. QSC		310,314		14,001,042
Qatar Fuel QSC		259,718		14,629,999
Qatar Insurance Co. SAQ		996,847		9,540,510
Qatar Islamic Bank SAQ		719,046		32,855,506
Qatar National Bank QPSC		2,695,102		138,550,499

				315,653,241

Russia — 3.9%
Alrosa PJSC		15,421,390		20,868,429
Gazprom PJSC		55,497,689		183,256,430
Gazprom PJSC, ADR		3,467,462		22,781,225
Inter RAO UES PJSC		196,501,000		12,108,380
LUKOIL PJSC		2,425,183		196,144,173
Magnit PJSC, GDR^(e)		2,128,681		29,769,604
Magnitogorsk Iron & Steel Works PJSC		13,803,000		9,462,099
MMC Norilsk Nickel PJSC		377,594		79,516,965
Mobile TeleSystems PJSC, ADR		2,943,032		23,014,510
Moscow Exchange MICEX-RTS PJSC		7,806,390		10,156,261
Novatek PJSC, GDR^(e)		538,091		110,308,655
Novolipetsk Steel PJSC		7,284,140		19,268,943
PhosAgro PJSC, GDR^(e)		687,699		8,850,686
Polymetal International PLC, New		803,478		8,640,245
Polyus PJSC		170,898		13,564,801
Rosneft Oil Co. PJSC		6,190,327		41,147,684
Rosneft Oil Co. PJSC, GDR^(e)		706,819		4,710,242
Sberbank of Russia PJSC		59,294,581		212,305,844
Sberbank of Russia PJSC, ADR		1,029,285		14,873,168
Severstal PJSC		1,251,663		19,914,010
Surgutneftegas PJSC		34,217,360		13,100,470
Surgutneftegas PJSC, ADR		916,508		3,451,569
Tatneft PJSC		9,051,130		104,001,241
VTB Bank PJSC		18,470,771,998		10,407,686
X5 Retail Group NV, GDR^(e)		737,123		21,754,556

				1,193,377,876

Saudi Arabia — 1.4%
Advanced Petrochemical Co.		239,697		3,547,185
Al Rajhi Bank		3,682,185		67,549,516
Alinma Bank		2,412,259		15,501,338
Almarai Co. JSC		685,779		9,325,724
Bank AlBilad		961,574		6,091,964
Bank Al-Jazira		1,196,887		4,653,062
Banque Saudi Fransi		1,457,057		15,559,916
Bupa Arabia for Cooperative Insurance Co.		74,080		1,738,248
Co for Cooperative Insurance (The)^(a)		159,062		2,939,191
Dar Al Arkan Real Estate Development Co.		1,502,772		4,047,088
Emaar Economic City^(a)		913,759		2,204,999
Etihad Etisalat Co.^(a)		1,075,053		6,300,656
Jarir Marketing Co.		166,813		7,428,046
National Commercial Bank		3,581,086		52,040,259
National Industrialization Co.^(a)		896,280		3,885,907
Rabigh Refining & Petrochemical Co.		531,954		2,692,145
Riyad Bank		3,555,561		25,123,620
Sahara International Petrochemical Co.		642,695		3,667,304
Samba Financial Group		2,893,522		27,003,685
Saudi Airlines Catering Co.		90,028		2,002,036
Saudi Arabian Fertilizer Co.		471,149		9,974,864


Security	Shares		Value

Saudi Arabia (continued)
Saudi Arabian Mining Co.^(a)		1,188,726	$	15,135,032
Saudi Basic Industries Corp.		2,307,439		68,786,028
Saudi British Bank (The)		554,373		5,705,814
Saudi Cement Co.		147,724		2,493,348
Saudi Electricity Co.		2,569,124		11,029,076
Saudi Industrial Investment Group		438,997		2,809,319
Saudi Kayan Petrochemical Co.^(a)		2,088,703		6,527,284
Saudi Telecom Co.		1,187,686		31,858,683
Savola Group (The)		646,533		5,757,917
Yanbu National Petrochemical Co.		630,246		10,687,975

				434,067,229

South Africa — 5.9%
Absa Group Ltd.		4,258,763		49,440,560
Anglo American Platinum Ltd.		322,702		16,243,831
AngloGold Ashanti Ltd.		2,459,185		32,887,112
Aspen Pharmacare Holdings Ltd.		2,297,197		15,455,090
Bid Corp. Ltd.		1,995,767		41,720,887
Bidvest Group Ltd. (The)		1,769,748		25,177,043
Capitec Bank Holdings Ltd.		249,628		22,621,450
Clicks Group Ltd.		1,544,862		20,234,164
Discovery Ltd.		2,207,183		21,034,003
Exxaro Resources Ltd.		1,494,735		17,442,939
FirstRand Ltd.		19,860,906		91,272,170
Fortress REIT Ltd., Series A		6,588,850		9,029,542
Foschini Group Ltd. (The)		1,358,184		16,429,758
Gold Fields Ltd.		4,985,855		22,412,801
Growthpoint Properties Ltd.		17,462,119		29,016,566
Investec Ltd.		1,709,562		10,063,017
Kumba Iron Ore Ltd.		383,849		11,655,615
Liberty Holdings Ltd.		786,542		5,882,248
Life Healthcare Group Holdings Ltd.		8,256,416		13,129,729
MMI Holdings Ltd./South Africa		5,792,434		7,460,631
Mondi Ltd.		691,408		14,227,118
Mr. Price Group Ltd.		1,512,013		20,476,961
MTN Group Ltd.		9,986,319		70,410,152
MultiChoice Group Ltd.^(a)		2,602,861		21,793,764
Naspers Ltd., Class N		2,580,841		580,719,807
Nedbank Group Ltd.		2,224,930		40,052,561
NEPI Rockcastle PLC		2,250,343		19,022,992
Netcare Ltd.		6,899,950		8,816,010
Old Mutual Ltd.		29,468,652		42,591,134
Pick n Pay Stores Ltd.		2,196,454		10,708,043
PSG Group Ltd.		907,355		15,149,073
Rand Merchant Investment Holdings Ltd.		4,253,047		9,617,744
Redefine Properties Ltd.		31,896,017		19,872,703
Reinet Investments SCA		879,857		13,961,667
Remgro Ltd.		3,170,988		40,332,484
RMB Holdings Ltd.		4,408,065		24,941,941
Sanlam Ltd.		10,635,391		55,640,830
Sappi Ltd.		3,136,732		11,872,501
Sasol Ltd.		3,314,159		83,457,843
Shoprite Holdings Ltd.		2,690,981		31,794,520
SPAR Group Ltd. (The)		1,142,845		15,033,034
Standard Bank Group Ltd.		7,626,558		104,123,538
Telkom SA SOC Ltd.^(b)		1,697,005		10,692,035
Tiger Brands Ltd.		958,020		14,477,405
Truworths International Ltd.		2,615,997		12,875,575
Vodacom Group Ltd.		3,723,011		30,382,532
Woolworths Holdings Ltd./South Africa		5,883,849		18,491,231

				1,820,144,354


Security	Shares		Value

South Korea — 11.4%
Amorepacific Corp.^(b)		188,161	$	28,281,820
AMOREPACIFIC Group		171,635		9,339,112
BGF retail Co. Ltd.^(b)		47,366		7,417,717
BNK Financial Group Inc.		1,604,283		9,295,115
Celltrion Healthcare Co. Ltd.^(a)(b)		298,688		14,271,011
Celltrion Inc.^(a)(b)		513,332		81,898,631
Celltrion Pharm Inc.^(a)(b)		92,218		3,956,957
Cheil Worldwide Inc.		422,912		9,375,159
CJ CheilJedang Corp.		48,007		11,307,384
CJ Corp.		86,290		7,354,467
CJ ENM Co. Ltd.		64,155		10,321,688
CJ Logistics Corp.^(a)(b)		49,835		6,674,517
Daelim Industrial Co. Ltd.		167,150		14,526,849
Daewoo Engineering & Construction Co. Ltd.^(a)		1,024,444		4,133,389
Daewoo Shipbuilding & Marine Engineering Co. Ltd.^(a)		223,517		5,593,086
DB Insurance Co. Ltd.		296,350		15,303,993
Doosan Bobcat Inc.		263,110		7,445,467
E-MART Inc.		122,303		14,788,506
Fila Korea Ltd.		290,034		18,996,265
GS Engineering & Construction Corp.^(b)		352,382		11,880,206
GS Holdings Corp.		303,440		12,765,424
GS Retail Co. Ltd.		161,323		4,605,745
Hana Financial Group Inc.		1,786,367		54,450,518
Hankook Tire & Technology Co. Ltd.		439,798		12,925,460
Hanmi Pharm Co. Ltd.		38,367		13,160,567
Hanmi Science Co. Ltd.		80,140		4,636,532
Hanon Systems		1,128,190		10,989,171
Hanwha Chemical Corp.		636,439		11,035,742
Hanwha Corp.		241,664		5,184,747
Hanwha Life Insurance Co. Ltd.		1,761,426		4,747,819
HDC Holdings Co. Ltd.		1		13
HDC Hyundai Development Co-Engineering & Construction, Class E		159,302		5,731,876
Helixmith Co. Ltd.^(a)(b)		84,121		13,759,989
HLB Inc.^(a)(b)		196,741		11,597,295
Hotel Shilla Co. Ltd.^(b)		185,070		14,701,169
Hyundai Department Store Co. Ltd.		82,832		5,884,278
Hyundai Engineering & Construction Co. Ltd.		461,201		19,905,728
Hyundai Glovis Co. Ltd.		112,182		15,307,394
Hyundai Heavy Industries Co. Ltd.^(a)		228,618		22,556,566
Hyundai Heavy Industries Holdings Co. Ltd.		58,333		15,478,401
Hyundai Marine & Fire Insurance Co. Ltd.		369,331		9,536,425
Hyundai Mobis Co. Ltd.^(b)		402,882		73,411,197
Hyundai Motor Co.		855,842		96,658,619
Hyundai Steel Co.		474,708		16,263,403
Industrial Bank of Korea		1,501,119		17,457,803
Kakao Corp.		296,827		31,031,121
Kangwon Land Inc.		703,080		18,331,207
KB Financial Group Inc.		2,345,625		86,269,523
KCC Corp.		34,776		7,533,973
Kia Motors Corp.		1,558,353		51,491,469
Korea Aerospace Industries Ltd.		437,223		12,170,579
Korea Electric Power Corp.^(a)		1,509,715		32,960,442
Korea Gas Corp.		163,115		5,656,772
Korea Investment Holdings Co. Ltd.		252,431		15,346,380
Korea Zinc Co. Ltd.		50,626		18,577,179


Security	Shares		Value

South Korea (continued)
Korean Air Lines Co. Ltd.		278,053	$	7,366,338
KT&G Corp.		688,596		58,399,694
Kumho Petrochemical Co. Ltd.		110,395		8,880,545
LG Chem Ltd.		269,519		75,363,025
LG Corp.		560,720		34,512,365
LG Display Co. Ltd.^(a)(b)		1,365,379		19,605,324
LG Electronics Inc.^(b)		626,879		41,374,330
LG Household & Health Care Ltd.		55,137		59,169,608
LG Innotek Co. Ltd.		84,733		6,737,942
LG Uplus Corp.		649,869		7,612,455
Lotte Chemical Corp.		100,710		21,818,104
Lotte Corp.^(b)		166,991		5,917,390
Lotte Shopping Co. Ltd.		65,983		8,864,959
Medy-Tox Inc.		26,162		9,846,174
Meritz Securities Co. Ltd.		1,049,756		4,142,962
Mirae Asset Daewoo Co. Ltd.		2,402,457		15,049,399
NAVER Corp.		829,879		77,698,806
NCSoft Corp.		98,294		39,370,424
Netmarble Corp.^(a)(b)(c)		152,297		14,642,713
NH Investment & Securities Co. Ltd.		852,557		9,664,556
OCI Co. Ltd.		110,531		8,381,014
Orange Life Insurance Ltd.^(c)		200,626		6,115,311
Orion Corp./Republic of Korea		134,789		9,733,692
Ottogi Corp.^(b)		7,418		4,428,750
Pan Ocean Co. Ltd.^(a)(b)		1,468,547		5,345,664
Pearl Abyss Corp.^(a)(b)		36,289		6,024,297
POSCO		462,335		92,203,008
POSCO Chemical Co. Ltd.^(b)		139,640		6,378,719
Posco International Corp.		290,897		4,201,384
S-1 Corp.		103,973		8,381,399
Samsung Biologics Co. Ltd.^(a)(b)(c)		98,049		24,699,555
Samsung C&T Corp.		468,947		36,345,460
Samsung Card Co. Ltd.		179,449		5,545,153
Samsung Electro-Mechanics Co. Ltd.^(b)		330,249		26,399,954
Samsung Electronics Co. Ltd.		28,018,703		999,911,729
Samsung Engineering Co. Ltd.^(a)		935,026		13,111,877
Samsung Fire & Marine Insurance Co. Ltd.		181,744		41,357,481
Samsung Heavy Industries Co. Ltd.^(a)		2,608,576		17,194,829
Samsung Life Insurance Co. Ltd.		416,365		28,249,469
Samsung SDI Co. Ltd.		325,120		59,651,289
Samsung SDS Co. Ltd.		207,161		36,008,336
Samsung Securities Co. Ltd.		382,076		11,341,327
Shinhan Financial Group Co. Ltd.		2,654,347		99,072,738
Shinsegae Inc.		43,896		10,984,136
SillaJen Inc.^(a)(b)		354,644		16,378,722
SK Holdings Co. Ltd.		194,972		37,900,762
SK Hynix Inc.		3,214,455		176,256,538
SK Innovation Co. Ltd.		330,023		45,724,910
SK Telecom Co. Ltd.		118,598		24,946,510
S-Oil Corp.		264,978		18,578,943
Woongjin Coway Co. Ltd.		303,481		20,412,149
Woori Financial Group Inc.		2,885,940		33,684,244
Yuhan Corp.		53,697		11,159,633

				3,516,427,960

Taiwan — 11.0%
Acer Inc.		17,339,121		10,448,723
Advantech Co. Ltd.^(b)		2,096,126		17,571,321
Airtac International Group^(b)		711,000		7,332,100
ASE Technology Holding Co. Ltd.^(b)		20,667,110		39,095,079
Asia Cement Corp.		12,833,077		18,308,320


Security	Shares		Value

Taiwan (continued)
Asustek Computer Inc.		4,162,968	$	28,576,166
AU Optronics Corp.^(b)		50,245,000		14,781,447
Catcher Technology Co. Ltd.^(b)		3,836,210		23,299,401
Cathay Financial Holding Co. Ltd.^(b)		44,493,644		57,424,774
Chailease Holding Co. Ltd.		6,934,370		25,554,895
Chang Hwa Commercial Bank Ltd.^(b)		32,226,377		20,337,405
Cheng Shin Rubber Industry Co. Ltd.^(b)		11,354,128		14,402,548
Chicony Electronics Co. Ltd.		3,432,998		8,133,857
China Airlines Ltd.		15,327,347		4,722,447
China Development Financial Holding Corp.		77,957,848		22,934,219
China Life Insurance Co. Ltd./Taiwan		14,878,002		11,483,535
China Steel Corp.^(b)		70,629,313		54,291,572
Chunghwa Telecom Co. Ltd.		22,193,410		78,980,107
Compal Electronics Inc.		24,273,908		15,088,408
CTBC Financial Holding Co. Ltd.^(b)		106,925,772		70,861,049
Delta Electronics Inc.		11,533,000		51,987,426
E.Sun Financial Holding Co. Ltd.		57,873,789		50,161,861
Eclat Textile Co. Ltd.		1,116,427		14,497,217
Eva Airways Corp.		13,313,953		6,338,473
Evergreen Marine Corp. Taiwan Ltd.		13,203,663		5,053,834
Far Eastern New Century Corp.		18,920,038		19,630,755
Far EasTone Telecommunications Co. Ltd.		9,320,000		23,143,377
Feng TAY Enterprise Co. Ltd.		1,845,529		13,952,754
First Financial Holding Co. Ltd.		58,220,155		41,622,001
Formosa Chemicals & Fibre Corp.		20,727,090		70,483,580
Formosa Petrochemical Corp.^(b)		7,297,000		26,775,864
Formosa Plastics Corp.^(b)		26,410,280		92,315,886
Formosa Taffeta Co. Ltd.		4,889,000		6,016,041
Foxconn Technology Co. Ltd.		5,421,637		10,547,431
Fubon Financial Holding Co. Ltd.^(b)		39,119,969		53,521,191
Giant Manufacturing Co. Ltd.		1,806,203		12,826,970
Globalwafers Co. Ltd.^(b)		1,290,000		12,446,026
Highwealth Construction Corp.		4,950,170		7,641,544
Hiwin Technologies Corp.^(b)		1,318,135		9,944,648
Hon Hai Precision Industry Co. Ltd.^(b)		73,312,873		171,382,248
Hotai Motor Co. Ltd.^(b)		1,694,000		27,114,717
Hua Nan Financial Holdings Co. Ltd.		44,971,883		29,803,431
Innolux Corp.^(b)		49,227,002		11,663,432
Inventec Corp.		14,815,281		11,153,932
Largan Precision Co. Ltd.^(b)		592,000		70,599,921
Lite-On Technology Corp.^(b)		12,564,246		17,924,792
MediaTek Inc.		8,911,338		87,668,679
Mega Financial Holding Co. Ltd.		63,864,162		62,626,778
Micro-Star International Co. Ltd.		3,978,000		10,394,078
Nan Ya Plastics Corp.^(b)		30,415,160		75,526,771
Nanya Technology Corp.^(b)		6,613,000		12,886,067
Nien Made Enterprise Co. Ltd.		945,000		6,890,391
Novatek Microelectronics Corp.		3,461,000		18,338,236
Pegatron Corp.^(b)		11,445,414		18,645,752
Phison Electronics Corp.		886,535		8,020,530
Pou Chen Corp.		12,937,220		14,671,391
Powertech Technology Inc.^(b)		4,472,300		10,511,408
President Chain Store Corp.		3,367,000		32,059,059
Quanta Computer Inc.		15,886,000		29,598,589
Realtek Semiconductor Corp.		2,837,637		17,952,626
Ruentex Development Co. Ltd.^(b)		3,313,458		4,286,926
Ruentex Industries Ltd.		2,009,958		4,399,813
Shanghai Commercial & Savings Bank Ltd. (The)^(b)		17,344,000		31,876,201
Shin Kong Financial Holding Co. Ltd.^(b)		61,848,088		17,177,579


Security	Shares		Value

Taiwan (continued)
SinoPac Financial Holdings Co. Ltd.		64,374,626	$	24,945,486
Standard Foods Corp.		2,662,615		5,104,135
Synnex Technology International Corp.^(b)		8,115,834		9,819,870
TaiMed Biologics Inc.^(a)(b)		1,072,000		4,713,579
Taishin Financial Holding Co. Ltd.		56,312,566		25,116,874
Taiwan Business Bank		23,275,137		9,534,615
Taiwan Cement Corp.^(b)		26,838,025		36,420,760
Taiwan Cooperative Financial Holding Co. Ltd.		51,848,563		33,704,641
Taiwan High Speed Rail Corp.		11,643,000		16,021,210
Taiwan Mobile Co. Ltd.		9,341,600		34,869,397
Taiwan Semiconductor Manufacturing Co. Ltd.		144,883,000		1,079,318,197
Tatung Co. Ltd.^(a)(b)		11,053,000		7,604,674
Uni-President Enterprises Corp.		28,491,839		73,274,385
United Microelectronics Corp.		69,841,000		28,499,768
Vanguard International Semiconductor Corp.^(b)		5,318,000		10,143,943
Walsin Technology Corp.^(b)		1,850,000		9,304,864
Win Semiconductors Corp.^(b)		1,996,000		11,017,857
Winbond Electronics Corp.^(b)		17,753,000		8,002,539
Wistron Corp.		16,708,940		11,892,484
WPG Holdings Ltd.^(b)		9,041,449		11,297,342
Yageo Corp.^(b)		1,496,861		12,358,425
Yuanta Financial Holding Co. Ltd.		59,609,635		33,470,020
Zhen Ding Technology Holding Ltd.		2,634,075		7,715,788

				3,379,858,452

Thailand — 2.9%
Advanced Info Service PCL, NVDR^(b)		6,946,400		42,362,120
Airports of Thailand PCL, NVDR^(b)		26,159,700		52,695,501
Bangkok Bank PCL, Foreign		2,722,800		16,905,923
Bangkok Dusit Medical Services PCL, NVDR^(b)		55,198,400		44,476,158
Bangkok Expressway & Metro PCL, NVDR		47,078,300		16,809,694
Banpu PCL, NVDR^(b)		22,174,200		10,439,863
Berli Jucker PCL, NVDR^(b)		7,530,600		10,648,372
BTS Group Holdings PCL, NVDR^(b)		38,112,600		13,728,846
Bumrungrad Hospital PCL, NVDR		2,442,700		12,928,422
Central Pattana PCL, NVDR^(b)		12,755,000		28,716,131
Charoen Pokphand Foods PCL, NVDR		22,341,800		19,590,329
CP ALL PCL, NVDR		34,333,900		86,519,584
Electricity Generating PCL, NVDR		1,523,200		14,294,665
Energy Absolute PCL, NVDR		9,818,800		16,676,215
Gulf Energy Development PCL, NVDR		3,150,400		10,253,296
Home Product Center PCL, NVDR		31,560,814		16,853,709
Indorama Ventures PCL, NVDR		10,305,780		14,979,568
Intouch Holdings PCL, NVDR		11,656,600		21,270,832
IRPC PCL, NVDR^(b)		64,326,600		9,634,508
Kasikornbank PCL, Foreign		7,703,900		45,642,823
Kasikornbank PCL, NVDR		4,234,200		24,952,312
Krung Thai Bank PCL, NVDR		21,514,800		12,984,681
Land & Houses PCL, NVDR		37,456,600		12,545,697
Minor International PCL, NVDR		15,737,820		19,269,785
Muangthai Capital PCL, NVDR^(b)		3,904,000		6,630,540
PTT Exploration & Production PCL, NVDR		8,520,839		33,789,882
PTT Global Chemical PCL, NVDR		13,587,030		26,081,431
PTT PCL, NVDR		67,335,000		98,404,100
Ratch Group PCL, NVDR		3,687,400		7,165,656
Robinson PCL, NVDR		3,203,200		5,516,215
Siam Cement PCL (The), NVDR		4,564,600		65,193,118
Siam Commercial Bank PCL (The), NVDR^(b)		5,827,900		23,847,478
Thai Oil PCL, NVDR^(b)		6,901,500		12,920,890
Thai Union Group PCL, NVDR^(b)		16,664,600		9,530,903
TMB Bank PCL, NVDR^(b)		69,069,300		4,124,843
Total Access Communication PCL, NVDR		3,534,700		5,472,796
True Corp. PCL, NVDR		66,828,601		10,389,342

				884,246,228


Security	Shares		Value

Turkey — 0.5%
Akbank T.A.S.^(a)(b)		16,692,761	$	17,105,671
Anadolu Efes Biracilik Ve Malt Sanayii AS		1,270,263		4,190,204
Arcelik AS^(a)		1,231,779		3,676,984
Aselsan Elektronik Sanayi Ve Ticaret AS^(b)		2,005,081		6,280,856
BIM Birlesik Magazalar AS		1,251,372		17,090,529
Enka Insaat ve Sanayi AS		2		1
Eregli Demir ve Celik Fabrikalari TAS		8,344,305		10,366,662
Ford Otomotiv Sanayi AS		424,170		4,001,364
Haci Omer Sabanci Holding AS		5,433,702		7,216,195
KOC Holding AS		4,478,468		12,455,431
TAV Havalimanlari Holding AS		1,068,940		4,659,949
Tupras Turkiye Petrol Rafinerileri AS		740,724		16,627,941
Turk Hava Yollari AO^(a)		3,153,287		6,748,958
Turkcell Iletisim Hizmetleri AS		6,518,284		13,001,607
Turkiye Garanti Bankasi AS		13,367,902		18,165,494
Turkiye Is Bankasi AS, Class C^(a)		9,102,333		7,986,076
Turkiye Sise ve Cam Fabrikalari AS		4,078,540		3,634,284


			153,208,206

United Arab Emirates — 0.8%
Abu Dhabi Commercial Bank PJSC		16,081,894		39,317,037
Aldar Properties PJSC		21,261,067		10,534,737
DAMAC Properties Dubai Co. PJSC		4,560,584		1,067,791
DP World PLC		1,020,675		17,463,749
Dubai Islamic Bank PJSC		11,160,614		15,313,902
Emaar Development PJSC		3,981,977		4,249,639
Emaar Malls PJSC		13,045,661		6,890,251
Emaar Properties PJSC		21,270,843		25,885,674
Emirates Telecommunications Group Co. PJSC		10,906,120		48,397,745
First Abu Dhabi Bank PJSC		16,031,462		64,857,348


			233,977,873


Total Common Stocks — 96.0% (Cost: $26,625,602,264)				29,580,668,983


Preferred Stocks

Brazil — 2.8%
Banco Bradesco SA, Preference Shares, NVS		23,631,815		223,374,505
Braskem SA, Class A, Preference Shares, NVS		1,054,600		11,525,595
Centrais Eletricas Brasileiras SA, Class B, Preference Shares, NVS		1,452,937		13,239,900
Cia. Brasileira de Distribuicao, Preference Shares, NVS		934,986		20,830,812
Cia. Energetica de Minas Gerais, Preference Shares, NVS		5,392,010		20,331,613
Gerdau SA, Preference Shares, NVS		6,237,085		22,100,033
Itau Unibanco Holding SA, Preference Shares, NVS		28,551,279		255,286,829
Itausa-Investimentos Itau SA, Preference Shares, NVS		26,257,192		83,110,211
Lojas Americanas SA, Preference Shares, NVS		4,398,224		18,134,921
Petroleo Brasileiro SA, Preference Shares, NVS		24,084,627		157,204,736
Telefonica Brasil SA, Preference Shares, NVS		2,645,867		32,478,518

				857,617,673


Security	Shares		Value

Chile — 0.1%
Embotelladora Andina SA, Class B, Preference Shares		1,768,599	$	5,902,959
Sociedad Quimica y Minera de Chile SA, Series B, Preference Shares		689,827		20,881,408

				26,784,367

Colombia — 0.1%
Bancolombia SA, Preference Shares, NVS		2,720,810		31,887,062
Grupo Aval Acciones y Valores SA, Preference Shares, NVS		21,039,338		7,334,814
Grupo de Inversiones Suramericana SA, Preference Shares, NVS		563,313		5,064,209

				44,286,085

Russia — 0.1%
Surgutneftegas PJSC, Preference Shares, NVS		42,248,300		26,244,161
Transneft PJSC, Preference Shares		2,849		7,056,760

				33,300,921

South Korea — 0.6%
Amorepacific Corp., Preference Shares, NVS		56,543		4,728,930
CJ Corp., Preference Shares^(a)		13,396		303,713
Hyundai Motor Co.
Preference Shares, NVS		143,675		9,458,494
Series 2, Preference Shares, NVS		229,124		16,488,309
LG Chem Ltd., Preference Shares, NVS		47,597		7,753,647
LG Household & Health Care Ltd., Preference Shares, NVS		12,897		7,894,796
Samsung Electronics Co. Ltd., Preference Shares, NVS		4,938,015		144,296,685


			190,924,574


Total Preferred Stocks — 3.7% (Cost: $736,801,861)				1,152,913,620


Rights

China — 0.0%
Legend Holdings Corp. (Expires 07/04/19)^(a)		188,246		—


Total Rights — 0.0% (Cost: $0)				—


Warrants

Thailand — 0.0%
Minor International PCL (Expires 12/31/21)^(a)		749,081		—


Total Warrants — 0.0% (Cost: $0)				—


Security	Shares		Value

Short-Term Investments

Money Market Funds — 5.9%
BlackRock Cash Funds: Institutional, SL Agency Shares, 2.53%^(f)(g)(h)		1,803,599,532	$	1,804,320,972
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.33%^(f)(g)		9,009,216		9,009,216

				1,813,330,188


Total Short-Term Investments — 5.9% (Cost: $1,812,735,372)				1,813,330,188


Total Investments in Securities — 105.6% (Cost: $29,175,139,497)				32,546,912,791

Other Assets, Less Liabilities — (5.6)%				(1,724,568,152	)


Net Assets —100.0%			$	30,822,344,639

^(a)	Non-income producing security.

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

Investments in issuers considered to be affiliates of the Fund during the nine months ended May 31, 2019, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of May 31, 2019. The breakdown of the Fund’s investments into major categories is disclosed in the Consolidated Schedule of Investments above.


Affiliated Issuer	Shares Held at 08/31/18		Net Activity			Shares Held at 05/31/19		Value at 05/31/19		Income			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares		1,641,918,956		161,680,576			1,803,599,532	$	1,804,320,972	$	16,879,555	^(a)	$	(4,471	)	$	185,607
BlackRock Cash Funds: Treasury, SL Agency Shares		97,280,989		(88,271,773	)		9,009,216		9,009,216		839,230			—			—

								$	1,813,330,188	$	17,718,785		$	(4,471	)	$	185,607


Portfolio Abbreviations — Equity

ADR		American Depositary Receipt

CPO		Certificates of Participation (Ordinary)

GDR		Global Depositary Receipt

NVDR		Non-Voting Depositary Receipt

NVS		Non-Voting Shares



	Level 1		Level 2			Level 3		Total

Investments
Assets
Common Stocks	$	29,580,524,613	$	—		$	144,370	$	29,580,668,983
Preferred Stocks		1,152,609,907		303,713			—		1,152,913,620
Rights		—		0	^(a)		—		0	^(a)
Warrants		—		0	^(a)		—		0	^(a)
Money Market Funds		1,813,330,188		—			—		1,813,330,188

	$	32,546,464,708	$	303,713		$	144,370	$	32,546,912,791

Derivative financial instruments^(b)
Assets
Futures Contracts	$	1,022,337	$	—		$	—	$	1,022,337