Untitled Page

Company:	ISHARES INC (FM)
Form Type:	N-CSRS
Filing Date:	5/4/2012
CIK:	0000930667
Address:	400 HOWARD STREET
City, State, Zip:	SAN FRANCISCO, California 94105
Telephone:	(415) 670-2000
Fiscal Year:	08/31

Last Trade

Last Trade:
$31.38

Change:

0.1672 (0.54%)

Trade Time:
May 17

Market Cap:
$106.69M

FORM N-CSRS

Item 1. Reports to Stockholders.

FINANCIAL HIGHLIGHTS TABLE

FUND PERFORMANCE

PORTFOLIO OF INVESTMENTS

FINANCIAL STATEMENTS

ASSETS AND LIABILITIES

FINANCIAL STATEMENTS 13

STATEMENT OF OPERATIONS

STATEMENT OF CHANGES IN NET ASSETS

FINANCIAL HIGHLIGHTS TABLE

Notes to Financial Statements (Unaudited)

NOTES TO FINANCIAL STATEMENTS 17

NOTES TO FINANCIAL STATEMENTS 19

NOTES TO FINANCIAL STATEMENTS 21

FUND PERFORMANCE

PORTFOLIO OF INVESTMENTS

FINANCIAL STATEMENTS

ASSETS AND LIABILITIES

STATEMENT OF OPERATIONS

STATEMENT OF CHANGES IN NET ASSETS

FINANCIAL HIGHLIGHTS TABLE

Notes to Financial Statements (Unaudited)

NOTES TO FINANCIAL STATEMENTS 73

ASSETS AND LIABILITIES

NOTES TO FINANCIAL STATEMENTS 75

ASSETS AND LIABILITIES

NOTES TO FINANCIAL STATEMENTS 77

NOTES TO FINANCIAL STATEMENTS 79

NOTES TO FINANCIAL STATEMENTS 81

NOTES TO FINANCIAL STATEMENTS 83

FINANCIAL HIGHLIGHTS TABLE

FUND PERFORMANCE

PORTFOLIO OF INVESTMENTS

FINANCIAL STATEMENTS

ASSETS AND LIABILITIES

STATEMENT OF OPERATIONS

STATEMENT OF CHANGES IN NET ASSETS

FINANCIAL HIGHLIGHTS TABLE

Notes to Financial Statements (Unaudited)

NOTES TO FINANCIAL STATEMENTS 67

ASSETS AND LIABILITIES

NOTES TO FINANCIAL STATEMENTS 69

ASSETS AND LIABILITIES

NOTES TO FINANCIAL STATEMENTS 71

NOTES TO FINANCIAL STATEMENTS 73

NOTES TO FINANCIAL STATEMENTS 75

FINANCIAL HIGHLIGHTS TABLE

FUND PERFORMANCE

PORTFOLIO OF INVESTMENTS

FINANCIAL STATEMENTS

ASSETS AND LIABILITIES

STATEMENT OF OPERATIONS

STATEMENT OF CHANGES IN NET ASSETS

FINANCIAL HIGHLIGHTS TABLE

Notes to Financial Statements (Unaudited)

NOTES TO FINANCIAL STATEMENTS 59

ASSETS AND LIABILITIES

NOTES TO FINANCIAL STATEMENTS 61

ASSETS AND LIABILITIES

NOTES TO FINANCIAL STATEMENTS 63

NOTES TO FINANCIAL STATEMENTS 65

NOTES TO FINANCIAL STATEMENTS 67

FUND PERFORMANCE

PORTFOLIO OF INVESTMENTS

FINANCIAL STATEMENTS

ASSETS AND LIABILITIES

STATEMENT OF OPERATIONS

STATEMENT OF CHANGES IN NET ASSETS

FINANCIAL HIGHLIGHTS TABLE

Notes to Consolidated Financial Statements (Unaudited)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 27

ASSETS AND LIABILITIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 29

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 31

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 33

PORTFOLIO OF INVESTMENTS

FINANCIAL STATEMENTS

ASSETS AND LIABILITIES

STATEMENT OF OPERATIONS

STATEMENT OF CHANGES IN NET ASSETS

FINANCIAL HIGHLIGHTS TABLE

Notes to Consolidated Financial Statements (Unaudited)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 79

ASSETS AND LIABILITIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 81

ASSETS AND LIABILITIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 83

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 85

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 87

FINANCIAL HIGHLIGHTS TABLE

PORTFOLIO OF INVESTMENTS

FINANCIAL STATEMENTS

ASSETS AND LIABILITIES

STATEMENT OF OPERATIONS

STATEMENT OF CHANGES IN NET ASSETS

FINANCIAL HIGHLIGHTS TABLE

Notes to Financial Statements (Unaudited)

NOTES TO FINANCIAL STATEMENTS 45

ASSETS AND LIABILITIES

NOTES TO FINANCIAL STATEMENTS 47

NOTES TO FINANCIAL STATEMENTS 49

NOTES TO FINANCIAL STATEMENTS 51

FINANCIAL HIGHLIGHTS TABLE

PORTFOLIO OF INVESTMENTS

FINANCIAL STATEMENTS

ASSETS AND LIABILITIES

STATEMENT OF OPERATIONS

STATEMENT OF CHANGES IN NET ASSETS

FINANCIAL HIGHLIGHTS TABLE

Notes to Financial Statements (Unaudited)

NOTES TO FINANCIAL STATEMENTS 41

ASSETS AND LIABILITIES

NOTES TO FINANCIAL STATEMENTS 43

NOTES TO FINANCIAL STATEMENTS 45

NOTES TO FINANCIAL STATEMENTS 47

Item 2. Code of Ethics.

Item 3. Audit Committee Financial Expert.

Item 4. Principal Accountant Fees and Services.

Item 5. Audit Committee of Listed Registrants.

Item 7. Disclosure of Proxy Voting Policies and Procedures ...

Item 11. Controls and Procedures.

SIGNATURES

EXHIBIT 99.CERT

EXHIBIT 99.906.CERT