NPORT-EX 2 NPORT_0BIL_78197839_1222.htm

  

Schedule of Investments (unaudited) iShares® Asia 50 ETF
December 31, 2022 (Percentages shown are based on Net Assets)

  

Security  Shares   Value 
         
Common Stocks          
           
China — 41.9%          
Alibaba Group Holding Ltd.(a)   9,221,000   $101,181,193 
ANTA Sports Products Ltd.   631,200    8,209,861 
Baidu Inc.(a)   1,321,500    18,845,551 
Bank of China Ltd., Class H   45,296,000    16,393,949 
BYD Co. Ltd., Class H   505,500    12,401,924 
China Construction Bank Corp., Class H   57,411,960    35,904,804 
China Merchants Bank Co. Ltd., Class H   1,922,000    10,636,064 
Industrial & Commercial Bank of China Ltd., Class H   41,453,115    21,260,866 
JD.com Inc., Class A   1,370,800    38,268,101 
Kuaishou Technology(a)(b)   1,132,400    10,179,448 
Li Ning Co. Ltd.   1,358,500    11,681,738 
Meituan, Class B(a)(b)   2,375,100    52,622,313 
NetEase Inc.   1,064,800    15,443,863 
Ping An Insurance Group Co. of China Ltd., Class H   3,600,500    23,654,347 
Tencent Holdings Ltd.   3,515,800    149,071,199 
Wuxi Biologics Cayman Inc., New(a)(b)   2,083,000    15,776,444 
Xiaomi Corp., Class B(a)(b)   8,399,000    11,658,746 
         553,190,411 
Hong Kong — 11.8%          
AIA Group Ltd.   6,886,600    76,051,351 
CK Hutchison Holdings Ltd.   1,560,648    9,349,605 
CLP Holdings Ltd.   969,500    7,063,358 
Hong Kong Exchanges & Clearing Ltd.   697,900    29,988,930 
Link REIT   1,228,000    8,985,687 
Sun Hung Kai Properties Ltd.   876,000    11,965,603 
Techtronic Industries Co. Ltd.   1,067,000    11,850,994 
         155,255,528 
Singapore — 5.2%          
DBS Group Holdings Ltd.   1,064,300    26,939,139 
Oversea-Chinese Banking Corp. Ltd.   2,358,374    21,451,849 
United Overseas Bank Ltd.   895,900    20,521,337 
         68,912,325 
South Korea — 18.9%          
Celltrion Inc.   62,153    7,932,622 
Hyundai Motor Co.   82,000    9,813,917 
Kakao Corp.(a)   181,753    7,741,940 
KB Financial Group Inc.   225,386    8,635,129 
Kia Corp.   155,568    7,319,549 
LG Chem Ltd.   27,555    13,158,320 
NAVER Corp.   86,805    12,345,489 
POSCO Holdings Inc.   42,854    9,378,674 
Samsung Electronics Co. Ltd.   2,990,254    131,251,947 
Samsung SDI Co. Ltd.(a)   32,041    15,044,607 
Shinhan Financial Group Co. Ltd.   298,258    8,303,349 
SK Hynix Inc.   313,773    18,720,952 
         249,646,495 
Security  Shares   Value 
         
Taiwan — 20.2%          
Cathay Financial Holding Co. Ltd.   5,383,235   $6,989,842 
Chunghwa Telecom Co. Ltd.   2,210,551    8,129,564 
CTBC Financial Holding Co. Ltd.   11,337,359    8,135,503 
Delta Electronics Inc.   1,118,000    10,363,845 
Formosa Plastics Corp.   2,517,071    7,098,185 
Fubon Financial Holding Co. Ltd.   4,626,600    8,462,184 
Hon Hai Precision Industry Co.Ltd.   7,025,052    22,769,822 
MediaTek Inc.   932,112    18,846,302 
Nan Ya Plastics Corp.   3,274,510    7,551,705 
Taiwan Semiconductor Manufacturing Co. Ltd.   11,025,343    160,126,116 
United Microelectronics Corp.   6,750,000    8,868,722 
         267,341,790 
           
Total Common Stocks — 98.0%          
(Cost: $1,442,555,151)        1,294,346,549 
           
Preferred Stocks          
           
South Korea — 1.6%          
Hyundai Motor Co., Series 2, Preference Shares, NVS   21,040    1,231,398 
LG Chem Ltd., Preference Shares, NVS   4,471    986,445 
Samsung Electronics Co. Ltd., Preference Shares, NVS   479,282    19,206,439 
         21,424,282 
           
Total Preferred Stocks — 1.6%          
(Cost: $20,424,216)        21,424,282 
Total Long-Term Investments — 99.6%          
(Cost: $1,462,979,367)        1,315,770,831 
           
Short-Term Securities          
           
Money Market Funds — 0.1%          
BlackRock Cash Funds: Treasury, SL Agency Shares, 4.12%(c)(d)   590,000    590,000 
           
Total Short-Term Securities — 0.1%          
(Cost: $590,000)        590,000 
           
Total Investments — 99.7%          
(Cost: $1,463,569,367)        1,316,360,831 
           
Other Assets Less Liabilities — 0.3%        4,529,123 
           
Net Assets — 100.0%       $1,320,889,954 

 

(a)Non-income producing security.

(b)Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(c)Affiliate of the Fund.

(d)Annualized 7-day yield as of period end.

1

 

Schedule of Investments (unaudited) (continued) iShares® Asia 50 ETF
December 31, 2022

  

Affiliates

 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended December 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: 

 

Affiliated Issuer 

 

Value at

03/31/22

  

Purchases

at Cost

  

Proceeds

from Sale

  

Net Realized

Gain (Loss)

  

Change in

Unrealized

Appreciation

(Depreciation)

  

Value at

12/31/22

  

Shares

Held at

12/31/22

  

Income

  

Capital

Gain

Distributions

from

Underlying

Funds

 
BlackRock Cash Funds: Institutional, SL Agency Shares(a)  $—   $7,390(b)  $—   $(7,390)  $—   $ —    —   $3,159(c)  $— 
BlackRock Cash Funds: Treasury, SL Agency Shares   —    590,000(b)   —    —    —    590,000    590,000    24,487    — 
                  $(7,390)  $—   $590,000        $27,646   $— 

  

(a)As of period end, the entity is no longer held.

(b)Represents net amount purchased (sold).

(c)All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

 

Derivative Financial Instruments Outstanding as of Period End

 

Futures Contracts

 

Description 

 

Number of 

Contracts 

  

Expiration

Date 

 

Notional

Amount

(000)

  

Value/

Unrealized

Appreciation

(Depreciation)

 
Long Contracts                 
FTSE Taiwan Index  26   01/30/23  $1,291   $1,224 
MSCI China Future Index  96   03/17/23   2,316    (33,017)
MSCI Emerging Markets Index  20   03/17/23   959    (8,597)
               $(40,390)

 

Fair Value Hierarchy as of Period End

 

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

•Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

 

•Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

 

•Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

 

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

 

2

 

Schedule of Investments (unaudited) (continued) iShares® Asia 50 ETF
December 31, 2022

 

Fair Value Hierarchy as of Period End (continued)

 

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above. 

 

   Level 1   Level 2   Level 3   Total 
Investments                    
Assets                    
Common Stocks  $—   $1,294,346,549   $—   $1,294,346,549 
Preferred Stocks   —    21,424,282    —    21,424,282 
Money Market Funds   590,000    —    —    590,000 
   $590,000   $1,315,770,831   $—   $1,316,360,831 
Derivative financial instruments(a)                    
Assets                    
Futures Contracts  $—   $1,224   $—   $1,224 
Liabilities                    
Futures Contracts   (8,597)   (33,017)   —    (41,614)
   $(8,597)  $(31,793)  $—   $(40,390)

 

(a)Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

Portfolio Abbreviation

 

NVS Non-Voting Shares
REIT Real Estate Investment Trust

 

3