What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares MSCI Australia ETF | $ |
How did the Fund perform last year?
For the reporting period ended August 31, 2025, the Fund returned 8.01%.
For the same period, the MSCI ACWI ex USA Index (Net) returned 15.42% and the MSCI Australia Index (Net) returned 8.38%.
What contributed to performance?
The financials sector was the largest contributor to the Fund’s return during the reporting period. The banking industry experienced profit growth, led by loan portfolio expansion and declining non-performing loans. Insurance firms gained amid premium growth and increasing demand for health coverage and climate-related disasters. Consumer discretionary stocks also contributed during the reporting period, most notably in the broadline retail industry. This included Australia’s largest conglomerate with a diverse portfolio of businesses in retail and industrial sectors. The firm’s highly successful retail chains, along with its other diverse operations, helped drive growth.
What detracted from performance?
Firms in the healthcare sector detracted the most from the Fund’s return during the reporting period. A global biotechnology company was pressured as its core division that develops treatments for immunodeficiencies and bleeding disorders, reported revenue below expectations. The firm also announced plans to demerge its flu vaccine business, pushing shares lower.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: September 1, 2015 through August 31, 2025
Initial investment of $10,000
Aug 15 | $ | $ | $ |
|---|---|---|---|
Sep 15 | $ | $ | $ |
Oct 15 | $ | $ | $ |
Nov 15 | $ | $ | $ |
Dec 15 | $ | $ | $ |
Jan 16 | $ | $ | $ |
Feb 16 | $ | $ | $ |
Mar 16 | $ | $ | $ |
Apr 16 | $ | $ | $ |
May 16 | $ | $ | $ |
Jun 16 | $ | $ | $ |
Jul 16 | $ | $ | $ |
Aug 16 | $ | $ | $ |
Sep 16 | $ | $ | $ |
Oct 16 | $ | $ | $ |
Nov 16 | $ | $ | $ |
Dec 16 | $ | $ | $ |
Jan 17 | $ | $ | $ |
Feb 17 | $ | $ | $ |
Mar 17 | $ | $ | $ |
Apr 17 | $ | $ | $ |
May 17 | $ | $ | $ |
Jun 17 | $ | $ | $ |
Jul 17 | $ | $ | $ |
Aug 17 | $ | $ | $ |
Sep 17 | $ | $ | $ |
Oct 17 | $ | $ | $ |
Nov 17 | $ | $ | $ |
Dec 17 | $ | $ | $ |
Jan 18 | $ | $ | $ |
Feb 18 | $ | $ | $ |
Mar 18 | $ | $ | $ |
Apr 18 | $ | $ | $ |
May 18 | $ | $ | $ |
Jun 18 | $ | $ | $ |
Jul 18 | $ | $ | $ |
Aug 18 | $ | $ | $ |
Sep 18 | $ | $ | $ |
Oct 18 | $ | $ | $ |
Nov 18 | $ | $ | $ |
Dec 18 | $ | $ | $ |
Jan 19 | $ | $ | $ |
Feb 19 | $ | $ | $ |
Mar 19 | $ | $ | $ |
Apr 19 | $ | $ | $ |
May 19 | $ | $ | $ |
Jun 19 | $ | $ | $ |
Jul 19 | $ | $ | $ |
Aug 19 | $ | $ | $ |
Sep 19 | $ | $ | $ |
Oct 19 | $ | $ | $ |
Nov 19 | $ | $ | $ |
Dec 19 | $ | $ | $ |
Jan 20 | $ | $ | $ |
Feb 20 | $ | $ | $ |
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Apr 20 | $ | $ | $ |
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Jun 20 | $ | $ | $ |
Jul 20 | $ | $ | $ |
Aug 20 | $ | $ | $ |
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Nov 20 | $ | $ | $ |
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Jan 21 | $ | $ | $ |
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Jan 23 | $ | $ | $ |
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Aug 23 | $ | $ | $ |
Sep 23 | $ | $ | $ |
Oct 23 | $ | $ | $ |
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Dec 23 | $ | $ | $ |
Jan 24 | $ | $ | $ |
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Jan 25 | $ | $ | $ |
Feb 25 | $ | $ | $ |
Mar 25 | $ | $ | $ |
Apr 25 | $ | $ | $ |
May 25 | $ | $ | $ |
Jun 25 | $ | $ | $ |
Jul 25 | $ | $ | $ |
Aug 25 | $ | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
What did the Fund invest in?
(as of August 31, 2025)
Sector allocation
Ten largest holdings
Sector | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Financials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Materials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Health Care........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Discretionary........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Industrials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Real Estate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Energy........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Staples........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Communication Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Information Technology........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Utilities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Commonwealth Bank of Australia........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
BHP Group Ltd......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Westpac Banking Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
National Australia Bank Ltd......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Wesfarmers Ltd......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
CSL Ltd......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
ANZ Group Holdings Ltd......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Macquarie Group Ltd......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Goodman Group........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Woodside Energy Group Ltd......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... |
| Footnote | Description |
Footnote(a) | Excludes money market funds. |
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by MSCI Inc. and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares MSCI Mexico ETF | $ |
How did the Fund perform last year?
For the reporting period ended August 31, 2025, the Fund returned 22.86%.
For the same period, the MSCI Emerging Markets Index (Net) returned 16.80% and the MSCI Mexico IMI 25/50 Index (Net) returned 23.29%.
What contributed to performance?
Stocks in the materials sector contributed meaningfully to the Fund’s return during the reporting period. In the metals and mining segment, a major copper producer gained due to rising prices and increased global demand due to the metal’s use in the green energy transition and electric vehicles. Additionally, a mining company that is a significant explorer and producer of gold and silver saw tailwinds as the prices of these metals gained due to their perceived status as a safe-haven investment. Financials stocks also contributed, particularly diversified banks, which were supported by resilient loan growth, solid profit margins, and overall growth in domestic spending. In the industrials sector, airport operators were supported by growth in passenger traffic and efforts to diversify revenue.
What detracted from performance?
There were no significant detractors from the Fund’s return during the reporting period.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: September 1, 2015 through August 31, 2025
Initial investment of $10,000
Aug 15 | $ | $ | $ |
|---|---|---|---|
Sep 15 | $ | $ | $ |
Oct 15 | $ | $ | $ |
Nov 15 | $ | $ | $ |
Dec 15 | $ | $ | $ |
Jan 16 | $ | $ | $ |
Feb 16 | $ | $ | $ |
Mar 16 | $ | $ | $ |
Apr 16 | $ | $ | $ |
May 16 | $ | $ | $ |
Jun 16 | $ | $ | $ |
Jul 16 | $ | $ | $ |
Aug 16 | $ | $ | $ |
Sep 16 | $ | $ | $ |
Oct 16 | $ | $ | $ |
Nov 16 | $ | $ | $ |
Dec 16 | $ | $ | $ |
Jan 17 | $ | $ | $ |
Feb 17 | $ | $ | $ |
Mar 17 | $ | $ | $ |
Apr 17 | $ | $ | $ |
May 17 | $ | $ | $ |
Jun 17 | $ | $ | $ |
Jul 17 | $ | $ | $ |
Aug 17 | $ | $ | $ |
Sep 17 | $ | $ | $ |
Oct 17 | $ | $ | $ |
Nov 17 | $ | $ | $ |
Dec 17 | $ | $ | $ |
Jan 18 | $ | $ | $ |
Feb 18 | $ | $ | $ |
Mar 18 | $ | $ | $ |
Apr 18 | $ | $ | $ |
May 18 | $ | $ | $ |
Jun 18 | $ | $ | $ |
Jul 18 | $ | $ | $ |
Aug 18 | $ | $ | $ |
Sep 18 | $ | $ | $ |
Oct 18 | $ | $ | $ |
Nov 18 | $ | $ | $ |
Dec 18 | $ | $ | $ |
Jan 19 | $ | $ | $ |
Feb 19 | $ | $ | $ |
Mar 19 | $ | $ | $ |
Apr 19 | $ | $ | $ |
May 19 | $ | $ | $ |
Jun 19 | $ | $ | $ |
Jul 19 | $ | $ | $ |
Aug 19 | $ | $ | $ |
Sep 19 | $ | $ | $ |
Oct 19 | $ | $ | $ |
Nov 19 | $ | $ | $ |
Dec 19 | $ | $ | $ |
Jan 20 | $ | $ | $ |
Feb 20 | $ | $ | $ |
Mar 20 | $ | $ | $ |
Apr 20 | $ | $ | $ |
May 20 | $ | $ | $ |
Jun 20 | $ | $ | $ |
Jul 20 | $ | $ | $ |
Aug 20 | $ | $ | $ |
Sep 20 | $ | $ | $ |
Oct 20 | $ | $ | $ |
Nov 20 | $ | $ | $ |
Dec 20 | $ | $ | $ |
Jan 21 | $ | $ | $ |
Feb 21 | $ | $ | $ |
Mar 21 | $ | $ | $ |
Apr 21 | $ | $ | $ |
May 21 | $ | $ | $ |
Jun 21 | $ | $ | $ |
Jul 21 | $ | $ | $ |
Aug 21 | $ | $ | $ |
Sep 21 | $ | $ | $ |
Oct 21 | $ | $ | $ |
Nov 21 | $ | $ | $ |
Dec 21 | $ | $ | $ |
Jan 22 | $ | $ | $ |
Feb 22 | $ | $ | $ |
Mar 22 | $ | $ | $ |
Apr 22 | $ | $ | $ |
May 22 | $ | $ | $ |
Jun 22 | $ | $ | $ |
Jul 22 | $ | $ | $ |
Aug 22 | $ | $ | $ |
Sep 22 | $ | $ | $ |
Oct 22 | $ | $ | $ |
Nov 22 | $ | $ | $ |
Dec 22 | $ | $ | $ |
Jan 23 | $ | $ | $ |
Feb 23 | $ | $ | $ |
Mar 23 | $ | $ | $ |
Apr 23 | $ | $ | $ |
May 23 | $ | $ | $ |
Jun 23 | $ | $ | $ |
Jul 23 | $ | $ | $ |
Aug 23 | $ | $ | $ |
Sep 23 | $ | $ | $ |
Oct 23 | $ | $ | $ |
Nov 23 | $ | $ | $ |
Dec 23 | $ | $ | $ |
Jan 24 | $ | $ | $ |
Feb 24 | $ | $ | $ |
Mar 24 | $ | $ | $ |
Apr 24 | $ | $ | $ |
May 24 | $ | $ | $ |
Jun 24 | $ | $ | $ |
Jul 24 | $ | $ | $ |
Aug 24 | $ | $ | $ |
Sep 24 | $ | $ | $ |
Oct 24 | $ | $ | $ |
Nov 24 | $ | $ | $ |
Dec 24 | $ | $ | $ |
Jan 25 | $ | $ | $ |
Feb 25 | $ | $ | $ |
Mar 25 | $ | $ | $ |
Apr 25 | $ | $ | $ |
May 25 | $ | $ | $ |
Jun 25 | $ | $ | $ |
Jul 25 | $ | $ | $ |
Aug 25 | $ | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
What did the Fund invest in?
(as of August 31, 2025)
Sector allocation
Ten largest holdings
Sector | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Consumer Staples........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Materials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Financials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Industrials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Communication Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Real Estate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Discretionary........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Health Care........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Grupo Financiero Banorte SAB de CV, Class O........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Grupo Mexico SAB de CV, Class B........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
America Movil SAB de CV, Class B........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Wal-Mart de Mexico SAB de CV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Fomento Economico Mexicano SAB de CV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Cemex SAB de CV, NVS........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Grupo Aeroportuario del Pacifico SAB de CV, Class B........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Industrias Penoles SAB de CV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Grupo Aeroportuario del Sureste SAB de CV, Class B........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Arca Continental SAB de CV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
| Footnote | Description |
Footnote(a) | Excludes money market funds. |
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by MSCI Inc. and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares MSCI Turkey ETF | $ |
How did the Fund perform last year?
For the reporting period ended August 31, 2025, the Fund returned (3.40)%.
For the same period, the MSCI Emerging Markets Index (Net) returned 16.80% and the MSCI Turkey IMI 25/50 Index (Spliced) returned (2.83)%.
What contributed to performance?
Stocks in the industrials sector were the largest contributor to the Fund’s return during the reporting period. Notably, one of the country’s leading defense contractors advanced following a major government contract for a missile defense system.
What detracted from performance?
Turkish equities have been pressured by political instability and persistently high inflation. The major detractors from the Fund’s return during the reporting period were in the consumer staples sector. A food retailer was negatively impacted following a major administrative fine due to an obstruction of an on-site inspection, while a beer company dropped due to uncertainty over its Russian joint venture. Years of high inflation have eroded consumers purchasing power, negatively impacting consumer durables stocks in the consumer discretionary sector. Chemicals stocks in the materials sector also detracted.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: September 1, 2015 through August 31, 2025
Initial investment of $10,000
Aug 15 | $ | $ | $ |
|---|---|---|---|
Sep 15 | $ | $ | $ |
Oct 15 | $ | $ | $ |
Nov 15 | $ | $ | $ |
Dec 15 | $ | $ | $ |
Jan 16 | $ | $ | $ |
Feb 16 | $ | $ | $ |
Mar 16 | $ | $ | $ |
Apr 16 | $ | $ | $ |
May 16 | $ | $ | $ |
Jun 16 | $ | $ | $ |
Jul 16 | $ | $ | $ |
Aug 16 | $ | $ | $ |
Sep 16 | $ | $ | $ |
Oct 16 | $ | $ | $ |
Nov 16 | $ | $ | $ |
Dec 16 | $ | $ | $ |
Jan 17 | $ | $ | $ |
Feb 17 | $ | $ | $ |
Mar 17 | $ | $ | $ |
Apr 17 | $ | $ | $ |
May 17 | $ | $ | $ |
Jun 17 | $ | $ | $ |
Jul 17 | $ | $ | $ |
Aug 17 | $ | $ | $ |
Sep 17 | $ | $ | $ |
Oct 17 | $ | $ | $ |
Nov 17 | $ | $ | $ |
Dec 17 | $ | $ | $ |
Jan 18 | $ | $ | $ |
Feb 18 | $ | $ | $ |
Mar 18 | $ | $ | $ |
Apr 18 | $ | $ | $ |
May 18 | $ | $ | $ |
Jun 18 | $ | $ | $ |
Jul 18 | $ | $ | $ |
Aug 18 | $ | $ | $ |
Sep 18 | $ | $ | $ |
Oct 18 | $ | $ | $ |
Nov 18 | $ | $ | $ |
Dec 18 | $ | $ | $ |
Jan 19 | $ | $ | $ |
Feb 19 | $ | $ | $ |
Mar 19 | $ | $ | $ |
Apr 19 | $ | $ | $ |
May 19 | $ | $ | $ |
Jun 19 | $ | $ | $ |
Jul 19 | $ | $ | $ |
Aug 19 | $ | $ | $ |
Sep 19 | $ | $ | $ |
Oct 19 | $ | $ | $ |
Nov 19 | $ | $ | $ |
Dec 19 | $ | $ | $ |
Jan 20 | $ | $ | $ |
Feb 20 | $ | $ | $ |
Mar 20 | $ | $ | $ |
Apr 20 | $ | $ | $ |
May 20 | $ | $ | $ |
Jun 20 | $ | $ | $ |
Jul 20 | $ | $ | $ |
Aug 20 | $ | $ | $ |
Sep 20 | $ | $ | $ |
Oct 20 | $ | $ | $ |
Nov 20 | $ | $ | $ |
Dec 20 | $ | $ | $ |
Jan 21 | $ | $ | $ |
Feb 21 | $ | $ | $ |
Mar 21 | $ | $ | $ |
Apr 21 | $ | $ | $ |
May 21 | $ | $ | $ |
Jun 21 | $ | $ | $ |
Jul 21 | $ | $ | $ |
Aug 21 | $ | $ | $ |
Sep 21 | $ | $ | $ |
Oct 21 | $ | $ | $ |
Nov 21 | $ | $ | $ |
Dec 21 | $ | $ | $ |
Jan 22 | $ | $ | $ |
Feb 22 | $ | $ | $ |
Mar 22 | $ | $ | $ |
Apr 22 | $ | $ | $ |
May 22 | $ | $ | $ |
Jun 22 | $ | $ | $ |
Jul 22 | $ | $ | $ |
Aug 22 | $ | $ | $ |
Sep 22 | $ | $ | $ |
Oct 22 | $ | $ | $ |
Nov 22 | $ | $ | $ |
Dec 22 | $ | $ | $ |
Jan 23 | $ | $ | $ |
Feb 23 | $ | $ | $ |
Mar 23 | $ | $ | $ |
Apr 23 | $ | $ | $ |
May 23 | $ | $ | $ |
Jun 23 | $ | $ | $ |
Jul 23 | $ | $ | $ |
Aug 23 | $ | $ | $ |
Sep 23 | $ | $ | $ |
Oct 23 | $ | $ | $ |
Nov 23 | $ | $ | $ |
Dec 23 | $ | $ | $ |
Jan 24 | $ | $ | $ |
Feb 24 | $ | $ | $ |
Mar 24 | $ | $ | $ |
Apr 24 | $ | $ | $ |
May 24 | $ | $ | $ |
Jun 24 | $ | $ | $ |
Jul 24 | $ | $ | $ |
Aug 24 | $ | $ | $ |
Sep 24 | $ | $ | $ |
Oct 24 | $ | $ | $ |
Nov 24 | $ | $ | $ |
Dec 24 | $ | $ | $ |
Jan 25 | $ | $ | $ |
Feb 25 | $ | $ | $ |
Mar 25 | $ | $ | $ |
Apr 25 | $ | $ | $ |
May 25 | $ | $ | $ |
Jun 25 | $ | $ | $ |
Jul 25 | $ | $ | $ |
Aug 25 | $ | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | ( | ||
( |
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
The performance of the MSCI Turkey IMI 25/50 Index (Spliced) in this report reflects the performance of the MSCI Turkey Investable Market Index (Net) through May 28, 2019 and, beginning on May 29, 2019, the performance of the MSCI Turkey IMI 25/50 Index (Net).
What did the Fund invest in?
(as of August 31, 2025)
Sector allocation
Ten largest holdings
Sector | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Industrials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Financials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Staples........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Materials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Discretionary........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Energy........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Communication Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Real Estate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Utilities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Health Care........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Information Technology........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Aselsan Elektronik Sanayi ve Ticaret A.S......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
BIM Birlesik Magazalar A.S......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Akbank TAS........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Turkiye Petrol Rafinerileri A.S......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Turk Hava Yollari AO........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
KOC Holding A.S......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Turkiye Is Bankasi A.S., Class C........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Turkcell Iletisim Hizmetleri A.S......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Yapi ve Kredi Bankasi A.S......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Eregli Demir ve Celik Fabrikalari TAS........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
| Footnote | Description |
Footnote(a) | Excludes money market funds. |
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by MSCI Inc. and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares MSCI USA Equal Weighted ETF | $ |
How did the Fund perform last year?
For the reporting period ended August 31, 2025, the Fund returned 10.80%.
For the same period, the MSCI USA Index returned 16.45% and the MSCI USA Equal Weighted Index returned 10.94%.
What contributed to performance?
For the reporting period, the largest contributor to the Fund’s performance was the financials sector. Financial services companies, including investment banks and asset managers, benefited from resilient equity markets, rising assets under management, strong trends in wealth management, and high trading volumes. In the information technology sector, application software companies, spanning chip designers, data integrators, and financial software innovators, contributed as they accelerated their artificial intelligence (“AI”)-driven monetization through AI-native tools and platform enhancements. Industrials stocks were supported by robust demand for engines and services in commercial aviation, as well as government support for defense and infrastructure spending.
What detracted from performance?
Healthcare stocks were a modest detractor from the Fund’s performance during the reporting period, pressured by increasing regulatory scrutiny, personnel turmoil, and policy upheaval. Firms that provide life sciences tools and services faced additional headwinds due to government cutbacks and increasing competition from China.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: September 1, 2015 through August 31, 2025
Initial investment of $10,000
Aug 15 | $ | $ | $ |
|---|---|---|---|
Sep 15 | $ | $ | $ |
Oct 15 | $ | $ | $ |
Nov 15 | $ | $ | $ |
Dec 15 | $ | $ | $ |
Jan 16 | $ | $ | $ |
Feb 16 | $ | $ | $ |
Mar 16 | $ | $ | $ |
Apr 16 | $ | $ | $ |
May 16 | $ | $ | $ |
Jun 16 | $ | $ | $ |
Jul 16 | $ | $ | $ |
Aug 16 | $ | $ | $ |
Sep 16 | $ | $ | $ |
Oct 16 | $ | $ | $ |
Nov 16 | $ | $ | $ |
Dec 16 | $ | $ | $ |
Jan 17 | $ | $ | $ |
Feb 17 | $ | $ | $ |
Mar 17 | $ | $ | $ |
Apr 17 | $ | $ | $ |
May 17 | $ | $ | $ |
Jun 17 | $ | $ | $ |
Jul 17 | $ | $ | $ |
Aug 17 | $ | $ | $ |
Sep 17 | $ | $ | $ |
Oct 17 | $ | $ | $ |
Nov 17 | $ | $ | $ |
Dec 17 | $ | $ | $ |
Jan 18 | $ | $ | $ |
Feb 18 | $ | $ | $ |
Mar 18 | $ | $ | $ |
Apr 18 | $ | $ | $ |
May 18 | $ | $ | $ |
Jun 18 | $ | $ | $ |
Jul 18 | $ | $ | $ |
Aug 18 | $ | $ | $ |
Sep 18 | $ | $ | $ |
Oct 18 | $ | $ | $ |
Nov 18 | $ | $ | $ |
Dec 18 | $ | $ | $ |
Jan 19 | $ | $ | $ |
Feb 19 | $ | $ | $ |
Mar 19 | $ | $ | $ |
Apr 19 | $ | $ | $ |
May 19 | $ | $ | $ |
Jun 19 | $ | $ | $ |
Jul 19 | $ | $ | $ |
Aug 19 | $ | $ | $ |
Sep 19 | $ | $ | $ |
Oct 19 | $ | $ | $ |
Nov 19 | $ | $ | $ |
Dec 19 | $ | $ | $ |
Jan 20 | $ | $ | $ |
Feb 20 | $ | $ | $ |
Mar 20 | $ | $ | $ |
Apr 20 | $ | $ | $ |
May 20 | $ | $ | $ |
Jun 20 | $ | $ | $ |
Jul 20 | $ | $ | $ |
Aug 20 | $ | $ | $ |
Sep 20 | $ | $ | $ |
Oct 20 | $ | $ | $ |
Nov 20 | $ | $ | $ |
Dec 20 | $ | $ | $ |
Jan 21 | $ | $ | $ |
Feb 21 | $ | $ | $ |
Mar 21 | $ | $ | $ |
Apr 21 | $ | $ | $ |
May 21 | $ | $ | $ |
Jun 21 | $ | $ | $ |
Jul 21 | $ | $ | $ |
Aug 21 | $ | $ | $ |
Sep 21 | $ | $ | $ |
Oct 21 | $ | $ | $ |
Nov 21 | $ | $ | $ |
Dec 21 | $ | $ | $ |
Jan 22 | $ | $ | $ |
Feb 22 | $ | $ | $ |
Mar 22 | $ | $ | $ |
Apr 22 | $ | $ | $ |
May 22 | $ | $ | $ |
Jun 22 | $ | $ | $ |
Jul 22 | $ | $ | $ |
Aug 22 | $ | $ | $ |
Sep 22 | $ | $ | $ |
Oct 22 | $ | $ | $ |
Nov 22 | $ | $ | $ |
Dec 22 | $ | $ | $ |
Jan 23 | $ | $ | $ |
Feb 23 | $ | $ | $ |
Mar 23 | $ | $ | $ |
Apr 23 | $ | $ | $ |
May 23 | $ | $ | $ |
Jun 23 | $ | $ | $ |
Jul 23 | $ | $ | $ |
Aug 23 | $ | $ | $ |
Sep 23 | $ | $ | $ |
Oct 23 | $ | $ | $ |
Nov 23 | $ | $ | $ |
Dec 23 | $ | $ | $ |
Jan 24 | $ | $ | $ |
Feb 24 | $ | $ | $ |
Mar 24 | $ | $ | $ |
Apr 24 | $ | $ | $ |
May 24 | $ | $ | $ |
Jun 24 | $ | $ | $ |
Jul 24 | $ | $ | $ |
Aug 24 | $ | $ | $ |
Sep 24 | $ | $ | $ |
Oct 24 | $ | $ | $ |
Nov 24 | $ | $ | $ |
Dec 24 | $ | $ | $ |
Jan 25 | $ | $ | $ |
Feb 25 | $ | $ | $ |
Mar 25 | $ | $ | $ |
Apr 25 | $ | $ | $ |
May 25 | $ | $ | $ |
Jun 25 | $ | $ | $ |
Jul 25 | $ | $ | $ |
Aug 25 | $ | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
What did the Fund invest in?
(as of August 31, 2025)
Sector allocation
Ten largest holdings
Sector | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Industrials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Financials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Information Technology........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Health Care........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Discretionary........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Real Estate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Staples........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Utilities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Materials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Energy........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Communication Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
MongoDB, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Pure Storage, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Snowflake, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Royal Caribbean Cruises Ltd......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Affirm Holdings, Inc., Class A........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Fair Isaac Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Deckers Outdoor Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
UnitedHealth Group, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
MetLife, Inc......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Rocket Lab Corp......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... |
| Footnote | Description |
Footnote(a) | Excludes money market funds. |
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by MSCI Inc. and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares MSCI Austria ETF | $ |
How did the Fund perform last year?
For the reporting period ended August 31, 2025, the Fund returned 39.27%.
For the same period, the MSCI ACWI ex USA Index (Net) returned 15.42% and the MSCI Austria IMI 25/50 Index (Net) returned 39.50%.
What contributed to performance?
Despite weak economic growth, Austrian stocks experienced strong returns during the reporting period, helped by foreign capital inflows. The overwhelmingly leading contributor to the Fund’s return were diversified banks in the financials sector, which benefited from strong capital positions, and diversified exposures to central and eastern European countries. Likewise, insurance companies also gained due to exposure to central and eastern European markets, as well as strategic expansions and lower costs from weather-related claims. In the industrials sector, a construction company gained on strong demand in infrastructure and building construction across its European market, including the construction of large data centers, while a leading crane provider benefited as it shifted its revenue and geographical mix.
What detracted from performance?
Real estate stocks were the largest detractor from the Fund’s performance during the reporting period, negatively impacted by worsening financial conditions and weakened demand. Electricity producers in the utilities sector declined amid energy market volatility and geopolitical uncertainties.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: September 1, 2015 through August 31, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Aug 15 | $10,000 | $ | $ |
Sep 15 | $9,602 | $ | $ |
Oct 15 | $10,289 | $ | $ |
Nov 15 | $10,128 | $ | $ |
Dec 15 | $10,171 | $ | $ |
Jan 16 | $9,147 | $ | $ |
Feb 16 | $9,135 | $ | $ |
Mar 16 | $10,132 | $ | $ |
Apr 16 | $10,422 | $ | $ |
May 16 | $9,946 | $ | $ |
Jun 16 | $9,235 | $ | $ |
Jul 16 | $9,897 | $ | $ |
Aug 16 | $10,211 | $ | $ |
Sep 16 | $10,703 | $ | $ |
Oct 16 | $10,749 | $ | $ |
Nov 16 | $10,585 | $ | $ |
Dec 16 | $10,890 | $ | $ |
Jan 17 | $11,443 | $ | $ |
Feb 17 | $11,502 | $ | $ |
Mar 17 | $11,930 | $ | $ |
Apr 17 | $12,903 | $ | $ |
May 17 | $13,922 | $ | $ |
Jun 17 | $14,126 | $ | $ |
Jul 17 | $15,188 | $ | $ |
Aug 17 | $15,268 | $ | $ |
Sep 17 | $15,589 | $ | $ |
Oct 17 | $15,922 | $ | $ |
Nov 17 | $16,116 | $ | $ |
Dec 17 | $16,612 | $ | $ |
Jan 18 | $18,018 | $ | $ |
Feb 18 | $17,069 | $ | $ |
Mar 18 | $17,022 | $ | $ |
Apr 18 | $17,022 | $ | $ |
May 18 | $16,073 | $ | $ |
Jun 18 | $15,586 | $ | $ |
Jul 18 | $16,384 | $ | $ |
Aug 18 | $15,731 | $ | $ |
Sep 18 | $15,779 | $ | $ |
Oct 18 | $14,644 | $ | $ |
Nov 18 | $14,177 | $ | $ |
Dec 18 | $12,759 | $ | $ |
Jan 19 | $13,936 | $ | $ |
Feb 19 | $14,048 | $ | $ |
Mar 19 | $13,874 | $ | $ |
Apr 19 | $14,709 | $ | $ |
May 19 | $13,602 | $ | $ |
Jun 19 | $14,269 | $ | $ |
Jul 19 | $14,012 | $ | $ |
Aug 19 | $13,518 | $ | $ |
Sep 19 | $13,811 | $ | $ |
Oct 19 | $14,692 | $ | $ |
Nov 19 | $14,549 | $ | $ |
Dec 19 | $15,019 | $ | $ |
Jan 20 | $14,407 | $ | $ |
Feb 20 | $12,910 | $ | $ |
Mar 20 | $9,441 | $ | $ |
Apr 20 | $10,355 | $ | $ |
May 20 | $10,521 | $ | $ |
Jun 20 | $10,701 | $ | $ |
Jul 20 | $10,773 | $ | $ |
Aug 20 | $11,277 | $ | $ |
Sep 20 | $10,542 | $ | $ |
Oct 20 | $10,247 | $ | $ |
Nov 20 | $13,104 | $ | $ |
Dec 20 | $14,533 | $ | $ |
Jan 21 | $15,107 | $ | $ |
Feb 21 | $15,529 | $ | $ |
Mar 21 | $15,965 | $ | $ |
Apr 21 | $16,765 | $ | $ |
May 21 | $18,313 | $ | $ |
Jun 21 | $17,589 | $ | $ |
Jul 21 | $17,882 | $ | $ |
Aug 21 | $18,550 | $ | $ |
Sep 21 | $18,286 | $ | $ |
Oct 21 | $18,630 | $ | $ |
Nov 21 | $17,999 | $ | $ |
Dec 21 | $19,001 | $ | $ |
Jan 22 | $18,889 | $ | $ |
Feb 22 | $16,709 | $ | $ |
Mar 22 | $16,105 | $ | $ |
Apr 22 | $15,243 | $ | $ |
May 22 | $16,021 | $ | $ |
Jun 22 | $13,815 | $ | $ |
Jul 22 | $14,162 | $ | $ |
Aug 22 | $13,248 | $ | $ |
Sep 22 | $11,885 | $ | $ |
Oct 22 | $13,064 | $ | $ |
Nov 22 | $15,220 | $ | $ |
Dec 22 | $14,883 | $ | $ |
Jan 23 | $16,501 | $ | $ |
Feb 23 | $16,708 | $ | $ |
Mar 23 | $15,763 | $ | $ |
Apr 23 | $16,447 | $ | $ |
May 23 | $15,333 | $ | $ |
Jun 23 | $16,285 | $ | $ |
Jul 23 | $16,950 | $ | $ |
Aug 23 | $16,243 | $ | $ |
Sep 23 | $15,825 | $ | $ |
Oct 23 | $15,598 | $ | $ |
Nov 23 | $16,979 | $ | $ |
Dec 23 | $17,843 | $ | $ |
Jan 24 | $17,500 | $ | $ |
Feb 24 | $17,008 | $ | $ |
Mar 24 | $17,935 | $ | $ |
Apr 24 | $18,087 | $ | $ |
May 24 | $19,436 | $ | $ |
Jun 24 | $18,910 | $ | $ |
Jul 24 | $19,549 | $ | $ |
Aug 24 | $20,149 | $ | $ |
Sep 24 | $19,730 | $ | $ |
Oct 24 | $18,741 | $ | $ |
Nov 24 | $18,288 | $ | $ |
Dec 24 | $18,660 | $ | $ |
Jan 25 | $19,638 | $ | $ |
Feb 25 | $21,255 | $ | $ |
Mar 25 | $22,163 | $ | $ |
Apr 25 | $23,433 | $ | $ |
May 25 | $25,650 | $ | $ |
Jun 25 | $26,926 | $ | $ |
Jul 25 | $26,808 | $ | $ |
Aug 25 | $28,061 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Certain sectors and markets performed exceptionally well based on market conditions during the one-year period. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such exceptional returns will be repeated.
What did the Fund invest in?
(as of August 31, 2025)
Sector allocation
Ten largest holdings
Sector | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Financials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Industrials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Energy........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Materials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Utilities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Real Estate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Information Technology........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Erste Group Bank AG........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
BAWAG Group AG........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
OMV AG........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
voestalpine AG........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
ANDRITZ AG........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Verbund AG........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Wienerberger AG........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Raiffeisen Bank International AG........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
DO & CO AG........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Vienna Insurance Group AG Wiener Versicherung Gruppe........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
| Footnote | Description |
Footnote(a) | Excludes money market funds. |
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by MSCI Inc. and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares MSCI Italy ETF | $ |
How did the Fund perform last year?
For the reporting period ended August 31, 2025, the Fund returned 35.27%.
For the same period, the MSCI ACWI ex USA Index (Net) returned 15.42% and the MSCI Italy 25/50 Index (Net) returned 35.54%.
What contributed to performance?
Italy’s economy experienced modest growth during the reporting period driven by domestic demand and supportive fiscal policies. Stock markets rallied, led by the financials sector, which was the largest contributor to the Fund’s return. Diversified banks registered solid performance, driven by strong fee-based revenue and aggressive merger and acquisition activity. Insurance companies also gained, supported by significant premium gains in both life and non-life policies, as well as higher investment returns. In the industrials sector, a company specializing in aerospace, defense, and security benefited from increased European defense spending, robust order intake, solid order backlog, and strategic joint ventures. Additionally, the world’s largest cable maker gained amid strong performance in its transmission and power grid segments, demand for grid investments in the United States and Europe, as well as proposed U.S. tariffs on copper. Through its U.S. business, the firm sources, manufactures, and then sells its copper products within the country, allowing it to mitigate the impact of tariffs.
What detracted from performance?
Automobile manufacturers in the consumer discretionary sector were the largest detractors from the Fund’s return during the reporting period. Carmakers experienced lower shipment volumes across key markets and a product shift toward less profitable vehicles in Europe, while the ongoing threat of U.S. tariffs also weighed on performance.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: September 1, 2015 through August 31, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Aug 15 | $10,000 | $ | $ |
Sep 15 | $9,668 | $ | $ |
Oct 15 | $10,102 | $ | $ |
Nov 15 | $9,776 | $ | $ |
Dec 15 | $9,466 | $ | $ |
Jan 16 | $8,174 | $ | $ |
Feb 16 | $7,745 | $ | $ |
Mar 16 | $8,344 | $ | $ |
Apr 16 | $8,616 | $ | $ |
May 16 | $8,255 | $ | $ |
Jun 16 | $7,518 | $ | $ |
Jul 16 | $7,833 | $ | $ |
Aug 16 | $7,903 | $ | $ |
Sep 16 | $7,707 | $ | $ |
Oct 16 | $7,861 | $ | $ |
Nov 16 | $7,623 | $ | $ |
Dec 16 | $8,576 | $ | $ |
Jan 17 | $8,364 | $ | $ |
Feb 17 | $8,364 | $ | $ |
Mar 17 | $9,105 | $ | $ |
Apr 17 | $9,331 | $ | $ |
May 17 | $9,836 | $ | $ |
Jun 17 | $9,914 | $ | $ |
Jul 17 | $10,658 | $ | $ |
Aug 17 | $10,856 | $ | $ |
Sep 17 | $11,251 | $ | $ |
Oct 17 | $11,136 | $ | $ |
Nov 17 | $11,176 | $ | $ |
Dec 17 | $11,017 | $ | $ |
Jan 18 | $12,249 | $ | $ |
Feb 18 | $11,527 | $ | $ |
Mar 18 | $11,566 | $ | $ |
Apr 18 | $12,177 | $ | $ |
May 18 | $10,811 | $ | $ |
Jun 18 | $10,774 | $ | $ |
Jul 18 | $11,146 | $ | $ |
Aug 18 | $10,098 | $ | $ |
Sep 18 | $10,314 | $ | $ |
Oct 18 | $9,351 | $ | $ |
Nov 18 | $9,403 | $ | $ |
Dec 18 | $9,088 | $ | $ |
Jan 19 | $9,874 | $ | $ |
Feb 19 | $10,232 | $ | $ |
Mar 19 | $10,439 | $ | $ |
Apr 19 | $10,638 | $ | $ |
May 19 | $9,780 | $ | $ |
Jun 19 | $10,747 | $ | $ |
Jul 19 | $10,607 | $ | $ |
Aug 19 | $10,447 | $ | $ |
Sep 19 | $10,724 | $ | $ |
Oct 19 | $11,207 | $ | $ |
Nov 19 | $11,253 | $ | $ |
Dec 19 | $11,559 | $ | $ |
Jan 20 | $11,296 | $ | $ |
Feb 20 | $10,547 | $ | $ |
Mar 20 | $8,148 | $ | $ |
Apr 20 | $8,356 | $ | $ |
May 20 | $8,803 | $ | $ |
Jun 20 | $9,487 | $ | $ |
Jul 20 | $9,851 | $ | $ |
Aug 20 | $10,208 | $ | $ |
Sep 20 | $9,685 | $ | $ |
Oct 20 | $9,035 | $ | $ |
Nov 20 | $11,409 | $ | $ |
Dec 20 | $11,854 | $ | $ |
Jan 21 | $11,371 | $ | $ |
Feb 21 | $12,018 | $ | $ |
Mar 21 | $12,574 | $ | $ |
Apr 21 | $12,633 | $ | $ |
May 21 | $13,401 | $ | $ |
Jun 21 | $13,071 | $ | $ |
Jul 21 | $13,123 | $ | $ |
Aug 21 | $13,301 | $ | $ |
Sep 21 | $12,788 | $ | $ |
Oct 21 | $13,499 | $ | $ |
Nov 21 | $12,686 | $ | $ |
Dec 21 | $13,491 | $ | $ |
Jan 22 | $13,331 | $ | $ |
Feb 22 | $12,500 | $ | $ |
Mar 22 | $12,097 | $ | $ |
Apr 22 | $11,293 | $ | $ |
May 22 | $11,818 | $ | $ |
Jun 22 | $10,151 | $ | $ |
Jul 22 | $10,424 | $ | $ |
Aug 22 | $9,777 | $ | $ |
Sep 22 | $9,094 | $ | $ |
Oct 22 | $10,177 | $ | $ |
Nov 22 | $11,783 | $ | $ |
Dec 22 | $11,576 | $ | $ |
Jan 23 | $12,966 | $ | $ |
Feb 23 | $12,858 | $ | $ |
Mar 23 | $13,014 | $ | $ |
Apr 23 | $13,572 | $ | $ |
May 23 | $12,752 | $ | $ |
Jun 23 | $13,975 | $ | $ |
Jul 23 | $14,716 | $ | $ |
Aug 23 | $14,102 | $ | $ |
Sep 23 | $13,355 | $ | $ |
Oct 23 | $13,156 | $ | $ |
Nov 23 | $14,492 | $ | $ |
Dec 23 | $15,088 | $ | $ |
Jan 24 | $14,885 | $ | $ |
Feb 24 | $15,815 | $ | $ |
Mar 24 | $16,793 | $ | $ |
Apr 24 | $16,216 | $ | $ |
May 24 | $17,312 | $ | $ |
Jun 24 | $16,288 | $ | $ |
Jul 24 | $16,958 | $ | $ |
Aug 24 | $17,771 | $ | $ |
Sep 24 | $17,771 | $ | $ |
Oct 24 | $17,333 | $ | $ |
Nov 24 | $16,580 | $ | $ |
Dec 24 | $16,656 | $ | $ |
Jan 25 | $17,831 | $ | $ |
Feb 25 | $18,990 | $ | $ |
Mar 25 | $19,568 | $ | $ |
Apr 25 | $20,502 | $ | $ |
May 25 | $22,127 | $ | $ |
Jun 25 | $22,685 | $ | $ |
Jul 25 | $22,691 | $ | $ |
Aug 25 | $24,039 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Certain sectors and markets performed exceptionally well based on market conditions during the one-year period. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such exceptional returns will be repeated.
What did the Fund invest in?
(as of August 31, 2025)
Sector allocation
Ten largest holdings
Sector | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Financials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Utilities........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Discretionary........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Industrials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Energy........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Communication Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Health Care........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Staples........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
UniCredit SpA........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Intesa Sanpaolo SpA........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Enel SpA........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Ferrari N.V......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Eni SpA........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Generali........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Prysmian SpA........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Leonardo SpA........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Stellantis N.V......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Banco BPM SpA........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
| Footnote | Description |
Footnote(a) | Excludes money market funds. |
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by MSCI Inc. and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
What were the Fund costs for the last year?
(based on a hypothetical $10,000 investment)
Fund name | Costs of a $10,000
investment | Costs paid as a percentage of a
$10,000 investment |
|---|---|---|
iShares MSCI Netherlands ETF | $ |
How did the Fund perform last year?
For the reporting period ended August 31, 2025, the Fund returned 6.66%.
For the same period, the MSCI ACWI ex USA Index (Net) returned 15.42% and the MSCI Netherlands IMI 25/50 Index (Spliced) returned 7.37%.
What contributed to performance?
Stocks in the financials sector were the largest contributor to the Fund’s return during the reporting period. Diversified banks benefited from increases in core lending and rising fee income from investment products. In the insurance segment, firms were supported by gains across life and non-life insurance segments, as well as pension reform, which has created growth opportunities for insurance companies. In the consumer discretionary sector, a company that manages global consumer internet companies gained amid strong earnings for its e-commerce portfolio and an attractive share buyback program.
What detracted from performance?
Stocks in the information technology sector were the largest detractors from the Fund’s performance during the reporting period. Notably, an innovative supplier to the semiconductor industry was weighed down by trade tensions and restrictions on trade with China, causing the firm’s management to cut guidance about its expected future financial performance.
The views expressed reflect the opinions of BlackRock as of the date of this report and are subject to change based on changes in market, economic or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results.
Fund performance
Cumulative performance: September 1, 2015 through August 31, 2025
Initial investment of $10,000
Fund | |||
|---|---|---|---|
Aug 15 | $10,000 | $ | $ |
Sep 15 | $9,522 | $ | $ |
Oct 15 | $10,302 | $ | $ |
Nov 15 | $10,090 | $ | $ |
Dec 15 | $9,844 | $ | $ |
Jan 16 | $9,540 | $ | $ |
Feb 16 | $9,404 | $ | $ |
Mar 16 | $10,152 | $ | $ |
Apr 16 | $10,160 | $ | $ |
May 16 | $10,251 | $ | $ |
Jun 16 | $9,590 | $ | $ |
Jul 16 | $10,053 | $ | $ |
Aug 16 | $10,332 | $ | $ |
Sep 16 | $10,453 | $ | $ |
Oct 16 | $10,207 | $ | $ |
Nov 16 | $9,857 | $ | $ |
Dec 16 | $10,229 | $ | $ |
Jan 17 | $10,423 | $ | $ |
Feb 17 | $10,774 | $ | $ |
Mar 17 | $11,361 | $ | $ |
Apr 17 | $11,872 | $ | $ |
May 17 | $12,459 | $ | $ |
Jun 17 | $12,290 | $ | $ |
Jul 17 | $13,103 | $ | $ |
Aug 17 | $13,064 | $ | $ |
Sep 17 | $13,415 | $ | $ |
Oct 17 | $13,556 | $ | $ |
Nov 17 | $13,500 | $ | $ |
Dec 17 | $13,646 | $ | $ |
Jan 18 | $14,484 | $ | $ |
Feb 18 | $13,753 | $ | $ |
Mar 18 | $13,710 | $ | $ |
Apr 18 | $13,878 | $ | $ |
May 18 | $13,444 | $ | $ |
Jun 18 | $13,397 | $ | $ |
Jul 18 | $13,886 | $ | $ |
Aug 18 | $13,598 | $ | $ |
Sep 18 | $13,196 | $ | $ |
Oct 18 | $12,151 | $ | $ |
Nov 18 | $12,366 | $ | $ |
Dec 18 | $11,600 | $ | $ |
Jan 19 | $12,447 | $ | $ |
Feb 19 | $13,027 | $ | $ |
Mar 19 | $13,110 | $ | $ |
Apr 19 | $13,883 | $ | $ |
May 19 | $13,013 | $ | $ |
Jun 19 | $13,913 | $ | $ |
Jul 19 | $13,999 | $ | $ |
Aug 19 | $13,756 | $ | $ |
Sep 19 | $14,102 | $ | $ |
Oct 19 | $14,354 | $ | $ |
Nov 19 | $14,692 | $ | $ |
Dec 19 | $15,235 | $ | $ |
Jan 20 | $14,793 | $ | $ |
Feb 20 | $13,623 | $ | $ |
Mar 20 | $11,852 | $ | $ |
Apr 20 | $12,936 | $ | $ |
May 20 | $13,831 | $ | $ |
Jun 20 | $14,851 | $ | $ |
Jul 20 | $15,487 | $ | $ |
Aug 20 | $16,078 | $ | $ |
Sep 20 | $15,842 | $ | $ |
Oct 20 | $15,433 | $ | $ |
Nov 20 | $17,769 | $ | $ |
Dec 20 | $18,921 | $ | $ |
Jan 21 | $19,349 | $ | $ |
Feb 21 | $20,106 | $ | $ |
Mar 21 | $20,986 | $ | $ |
Apr 21 | $21,971 | $ | $ |
May 21 | $22,623 | $ | $ |
Jun 21 | $22,217 | $ | $ |
Jul 21 | $22,924 | $ | $ |
Aug 21 | $24,264 | $ | $ |
Sep 21 | $22,663 | $ | $ |
Oct 21 | $23,851 | $ | $ |
Nov 21 | $22,493 | $ | $ |
Dec 21 | $23,157 | $ | $ |
Jan 22 | $21,342 | $ | $ |
Feb 22 | $19,938 | $ | $ |
Mar 22 | $19,530 | $ | $ |
Apr 22 | $17,733 | $ | $ |
May 22 | $18,134 | $ | $ |
Jun 22 | $16,227 | $ | $ |
Jul 22 | $17,742 | $ | $ |
Aug 22 | $15,992 | $ | $ |
Sep 22 | $14,257 | $ | $ |
Oct 22 | $15,242 | $ | $ |
Nov 22 | $18,291 | $ | $ |
Dec 22 | $17,572 | $ | $ |
Jan 23 | $19,841 | $ | $ |
Feb 23 | $19,114 | $ | $ |
Mar 23 | $19,879 | $ | $ |
Apr 23 | $19,851 | $ | $ |
May 23 | $19,629 | $ | $ |
Jun 23 | $20,535 | $ | $ |
Jul 23 | $21,211 | $ | $ |
Aug 23 | $19,553 | $ | $ |
Sep 23 | $18,047 | $ | $ |
Oct 23 | $17,760 | $ | $ |
Nov 23 | $20,026 | $ | $ |
Dec 23 | $21,322 | $ | $ |
Jan 24 | $21,786 | $ | $ |
Feb 24 | $22,813 | $ | $ |
Mar 24 | $23,665 | $ | $ |
Apr 24 | $22,861 | $ | $ |
May 24 | $24,522 | $ | $ |
Jun 24 | $24,233 | $ | $ |
Jul 24 | $23,887 | $ | $ |
Aug 24 | $24,583 | $ | $ |
Sep 24 | $24,609 | $ | $ |
Oct 24 | $22,516 | $ | $ |
Nov 24 | $22,000 | $ | $ |
Dec 24 | $21,821 | $ | $ |
Jan 25 | $22,617 | $ | $ |
Feb 25 | $23,122 | $ | $ |
Mar 25 | $22,834 | $ | $ |
Apr 25 | $23,930 | $ | $ |
May 25 | $25,803 | $ | $ |
Jun 25 | $26,962 | $ | $ |
Jul 25 | $25,305 | $ | $ |
Aug 25 | $26,220 | $ | $ |
See “Average annual total returns” for additional information on fund performance.
Average annual total returns
........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
Fund NAV........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |||
Key Fund statistics
Net Assets........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
|---|---|
Number of Portfolio Holdings........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Net Investment Advisory Fees........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | $ |
Portfolio Turnover Rate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
The performance of the MSCI Netherlands IMI 25/50 Index (Spliced) in this report reflects the performance of the MSCI Netherlands Investable Market Index (Net) through August 31, 2017 and, beginning on September 1, 2017, the performance of the MSCI Netherlands IMI 25/50 Index (Net).
What did the Fund invest in?
(as of August 31, 2025)
Sector allocation
Ten largest holdings
Sector | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
Information Technology........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Financials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Industrials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Staples........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Consumer Discretionary........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Communication Services........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Materials........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Health Care........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Energy........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
Real Estate........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ |
Security | Percent of Total InvestmentsFootnote Reference(a) |
|---|---|
ASML Holding N.V......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Prosus N.V., Class N........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ | |
ING Groep N.V......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Adyen N.V......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Koninklijke Ahold Delhaize N.V......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Wolters Kluwer N.V......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Universal Music Group N.V......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
AerCap Holdings N.V......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
Heineken N.V......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... | |
ASM International N.V......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... |
| Footnote | Description |
Footnote(a) | Excludes money market funds. |
Additional information
If you wish to view additional information about the Fund, including but not limited to financial statements, the Fund’s prospectus, and proxy voting policies and procedures, please visit blackrock.com/fundreports. For proxy voting records, visit blackrock.com/proxyrecords.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
The Fund is not sponsored, endorsed, issued, sold or promoted by MSCI Inc. and its affiliates, nor does this company make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the company listed above.
©2025 BlackRock, Inc. or its affiliates. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.