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      <regPhone>800-441-7762</regPhone>
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      <repPdEnd>2025-10-31</repPdEnd>
      <repPdDate>2025-04-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>159725.70</totLiabs>
      <netAssets>1923755.85</netAssets>
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        <name>iShares MSCI Emerging Markets Small-Cap ETF</name>
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      <invstOrSec>
        <name>BlackRock Funds III</name>
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        <fairValLevel>1</fairValLevel>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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    </invstOrSecs>
    <explntrNotes>




      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-05-30</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Funds III</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
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