| Schedule of Investments (unaudited) May 31, 2020 |
iShares® Currency Hedged MSCI United Kingdom ETF (Percentages shown are based on Net Assets) |
Affiliates
Investments in issuers considered to be affiliates of the Fund during the period ended May 31, 2020, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliated Issuer | |
Shares Held at 08/31/19 |
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Shares Purchased |
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Shares Sold |
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Shares Held at 05/31/20 |
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Value at 05/31/20 |
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Income | |
Net Realized |
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Change in Unrealized Appreciation (Depreciation) |
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| BlackRock Cash Funds: Treasury, |
77,000 | 423,000 | (b) | — | 500,000 | $ | 500,000 | $ | 2,013 | $ | — | $ | — | |||||||||||||||||||
| iShares MSCI United Kingdom ETF |
1,154,591 | 1,177,426 | (1,868,360 | ) | 463,657 | 11,929,895 | 1,115,884 | (10,062,851 | ) | (2,228,092 | ) | |||||||||||||||||||||
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| $ | 12,429,895 | $ | 1,117,897 | $ | (10,062,851 | ) | $ | (2,228,092 | ) | |||||||||||||||||||||||
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| (a) | Includes realized capital gain distributions from an affiliated fund, if any. (b) Net of purchases and sales. |
Forward Foreign Currency Exchange Contracts
| Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation (Depreciation) |
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| GBP | 8,153,000 | USD | 10,014,291 | MS | 06/03/20 | $ | 54,683 | |||||||||||||
| USD | 21,974,307 | GBP | 17,707,000 | MS | 06/03/20 | 106,122 | ||||||||||||||
| GBP | 146,000 | USD | 179,950 | MS | 07/03/20 | 385 | ||||||||||||||
| USD | 12,291,217 | GBP | 9,941,000 | MS | 07/03/20 | 12,354 | ||||||||||||||
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| 173,544 | ||||||||||||||||||||
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| GBP | 9,554,000 | USD | 11,811,473 | MS | 06/03/20 | (12,261 | ) | |||||||||||||
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| Net unrealized appreciation | $ | 161,283 | ||||||||||||||||||
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Fair Value Measurements
Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.
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| Schedule of Investments (unaudited) (continued) May 31, 2020 |
iShares® Currency Hedged MSCI United Kingdom ETF
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Fair Value Measurements (continued)
The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of May 31, 2020. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Investments |
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| Assets |
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| Investment Companies |
$ | 11,929,895 | $ | — | $ | — | $ | 11,929,895 | ||||||||
| Money Market Funds |
500,000 | — | — | 500,000 | ||||||||||||
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| $ | 12,429,895 | $ | — | $ | — | $ | 12,429,895 | |||||||||
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| Derivative financial instruments(a) |
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| Assets |
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| Forward Foreign Currency Exchange Contracts |
$ | — | $ | 173,544 | $ | — | $ | 173,544 | ||||||||
| Liabilities |
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| Forward Foreign Currency Exchange Contracts |
— | (12,261 | ) | — | (12,261 | ) | ||||||||||
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| $ | — | $ | 161,283 | $ | — | $ | 161,283 | |||||||||
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| (a) | Shown at the unrealized appreciation (depreciation) on the contracts. |
| Counterparty Abbreviations | ||
| MS | Morgan Stanley & Co. International PLC | |
| Currency Abbreviations | ||
| GBP | British Pound | |
| USD | United States Dollar | |
| 2 |