NPORT-EX 2 NPORT_2QNV_94045806_0124.htm

 

Schedule of Investments (unaudited) iShares® Global REIT ETF
January 31, 2024 (Percentages shown are based on Net Assets)

  

Security  Shares   Value 
         
Common Stocks          
           
Australia — 4.0%          
Abacus Group   1,215,505   $864,944 
Abacus Storage King   1,215,505    905,085 
Arena REIT   781,541    1,772,069 
BWP Trust   1,170,487    2,620,993 
Centuria Industrial REIT   1,268,883    2,688,068 
Centuria Office REIT   1,125,902    974,837 
Charter Hall Long Wale REIT   1,570,468    3,823,939 
Charter Hall Retail REIT   1,208,104    2,918,848 
Charter Hall Social Infrastructure REIT   802,950    1,448,587 
Cromwell Property Group   3,466,035    934,954 
Dexus   2,595,399    13,134,446 
Dexus Industria REIT   510,325    932,396 
GPT Group (The)   4,622,887    13,972,096 
Growthpoint Properties Australia Ltd.   679,727    1,063,792 
HealthCo REIT   1,076,707    959,296 
HomeCo Daily Needs REIT   4,146,017    3,413,038 
Hotel Property Investments Ltd.   471,413    924,719 
Mirvac Group   9,509,007    13,363,960 
National Storage REIT   3,019,123    4,527,817 
Region RE Ltd.   2,773,564    4,083,545 
Scentre Group   12,474,475    24,799,848 
Stockland   5,744,728    16,964,815 
Vicinity Ltd.   9,084,551    12,058,891 
Waypoint REIT Ltd.   1,617,305    2,603,713 
         131,754,696 
Belgium — 1.1%          
Aedifica SA   114,213    7,442,609 
Ascencio   12,328    660,247 
Cofinimmo SA   81,907    5,952,779 
Home Invest Belgium SA, NVS   23,394    382,262 
Intervest Offices & Warehouses NV   67,745    1,522,810 
Montea NV   38,939    3,342,315 
Retail Estates NV   29,692    1,945,131 
Shurgard Self Storage Ltd.   60,854    2,822,522 
Warehouses De Pauw CVA   403,340    11,800,578 
Xior Student Housing NV   73,433    2,199,399 
         38,070,652 
Canada — 2.5%          
Allied Properties REIT   304,128    4,415,619 
Boardwalk REIT   90,029    4,674,048 
Canadian Apartment Properties REIT   398,375    13,828,823 
Choice Properties REIT   616,350    6,436,501 
Crombie REIT   254,979    2,577,385 
Dream Industrial REIT   608,158    6,070,497 
First Capital Real Estate Investment Trust   514,084    6,045,348 
Granite REIT   142,898    7,698,391 
H&R Real Estate Investment Trust   614,577    4,502,647 
InterRent REIT.   327,023    3,276,433 
Killam Apartment REIT   273,385    3,808,621 
NorthWest Healthcare Properties REIT   521,410    1,900,338 
Prinmaris REIT   229,570    2,371,771 
RioCan REIT   722,082    9,823,258 
SmartCentres Real Estate Investment Trust   314,879    5,775,534 
         83,205,214 
China — 0.0%          
Yuexiu REIT(a)   5,519,000    748,594 
           
France — 1.8%          
ARGAN SA, NVS   23,630    2,095,568 
Carmila SA   136,496    2,425,398 
Security  Shares   Value 
         
France (continued)          
Covivio SA/France   128,543   $6,224,553 
Gecina SA   124,455    13,725,716 
ICADE   78,087    2,643,730 
Klepierre SA   495,999    12,841,747 
Mercialys SA   210,453    2,394,271 
Unibail-Rodamco-Westfield, New(b)   247,255    17,704,619 
         60,055,602 
Germany — 0.0%          
Hamborner REIT AG   173,752    1,228,146 
           
Hong Kong — 1.1%          
Champion REIT   4,371,000    1,040,814 
Fortune REIT   3,354,000    1,920,493 
Link REIT   6,144,720    30,819,959 
Prosperity REIT   2,856,000    454,879 
Sunlight REIT   2,460,000    600,346 
         34,836,491 
India — 0.4%          
Embassy Office Parks REIT   2,016,298    8,720,144 
Mindspace Business Parks REIT(c)   524,051    2,031,271 
Nexus Select Trust, NVS   773,881    1,185,744 
         11,937,159 
Ireland — 0.0%          
Irish Residential Properties REIT PLC   1,073,833    1,336,869 
           
Italy — 0.0%          
Immobiliare Grande Distribuzione SIIQ SpA   158,880    378,602 
           
Japan — 6.7%          
Activia Properties Inc.   1,750    4,765,890 
Advance Logistics Investment Corp.   1,645    1,429,476 
Advance Residence Investment Corp.   3,190    7,024,872 
AEON REIT Investment Corp.   4,220    3,976,428 
Comforia Residential REIT Inc.   1,652    3,462,309 
CRE Logistics REIT Inc.   1,458    1,525,315 
Daiwa House REIT Investment Corp.   5,093    8,998,825 
Daiwa Office Investment Corp.   633    2,698,486 
Daiwa Securities Living Investments Corp.   4,638    3,336,849 
Frontier Real Estate Investment Corp.   1,148    3,393,347 
Fukuoka REIT Corp.   1,761    2,082,982 
Global One Real Estate Investment Corp.   2,516    1,874,426 
GLP J-REIT   11,134    9,940,808 
Hankyu Hanshin REIT Inc.   1,652    1,635,778 
Health Care & Medical Investment Corp.   868    774,785 
Heiwa Real Estate REIT Inc.   2,396    2,226,697 
Hoshino Resorts REIT Inc.   594    2,073,063 
Hulic REIT Inc.   3,015    3,174,996 
Ichigo Office REIT Investment Corp.   2,864    1,609,369 
Industrial & Infrastructure Fund Investment Corp.   4,700    4,253,230 
Invincible Investment Corp.   16,159    6,642,978 
Japan Excellent Inc.   2,945    2,434,901 
Japan Hotel REIT Investment Corp.   11,149    5,729,453 
Japan Logistics Fund Inc.   2,143    3,962,453 
Japan Metropolitan Fund Invest   16,498    11,199,553 
Japan Prime Realty Investment Corp.   2,217    5,308,197 
Japan Real Estate Investment Corp.   3,223    12,355,501 
KDX Realty Investment Corp.   9,421    10,219,351 
LaSalle Logiport REIT   4,452    4,508,315 
Mirai Corp.   3,852    1,177,848 
Mitsubishi Estate Logistics REIT Investment Corp.   1,170    2,931,330 
Mitsui Fudosan Logistics Park Inc.   1,338    4,011,230 
Mori Hills REIT Investment Corp.   3,817    3,552,323 

 

1

 

 

Schedule of Investments (unaudited) (continued) iShares® Global REIT ETF
January 31, 2024 (Percentages shown are based on Net Assets)

  

Security  Shares   Value 
         
Japan (continued)          
Mori Trust REIT Inc.   6,108   $3,101,804 
Nippon Accommodations Fund Inc.   1,110    4,621,076 
Nippon Building Fund Inc.   3,667    14,837,081 
Nippon Prologis REIT Inc.   5,925    10,541,769 
NIPPON REIT Investment Corp.   1,033    2,391,963 
Nomura Real Estate Master Fund Inc.   10,821    11,841,044 
NTT UD REIT Investment Corp.   3,208    2,724,125 
One REIT Inc.   591    1,086,841 
Orix JREIT Inc.   6,337    7,330,067 
Samty Residential Investment Corp.   992    722,863 
Sankei Real Estate Inc.   1,164    740,747 
Sekisui House REIT Inc.   9,844    5,235,910 
SOSiLA Logistics REIT Inc.   1,656    1,344,851 
Star Asia Investment Corp.   5,276    2,068,733 
Starts Proceed Investment Corp.   611    843,483 
Takara Leben Real Estate Investment Corp.   1,616    1,149,441 
Tokyu REIT Inc.   2,261    2,636,539 
United Urban Investment Corp.   7,091    7,179,826 
         224,689,527 
Malaysia — 0.0%          
Axis Real Estate Investment Trust   3,523,500    1,325,968 
           
Mexico — 0.8%          
Concentradora Fibra Danhos SA de CV(a)   573,115    694,604 
FIBRA Macquarie Mexico(c)   1,748,350    3,353,167 
Fibra Uno Administracion SA de CV   6,930,316    11,781,718 
PLA Administradora Industrial S. de RL de CV   1,857,809    3,979,747 
Prologis Property Mexico SA de CV   1,506,912    6,210,108 
         26,019,344 
Netherlands — 0.2%          
Eurocommercial Properties NV   100,717    2,256,463 
NSI NV   43,106    922,376 
Vastned Retail NV   41,327    912,206 
Wereldhave NV   97,638    1,462,505 
         5,553,550 
New Zealand — 0.3%          
Argosy Property Ltd.   2,028,603    1,438,381 
Goodman Property Trust   2,632,430    3,604,323 
Kiwi Property Group Ltd.   3,809,433    2,025,808 
Stride Property Group   1,169,000    1,014,663 
Vital Healthcare Property Trust   1,155,587    1,568,102 
         9,651,277 
Philippines — 0.0%          
AREIT Inc.   1,918,920    1,109,527 
           
Saudi Arabia — 0.2%          
Al Maather REIT Fund   113,330    276,882 
Al Rajhi REIT   557,373    1,315,365 
Alahli REIT Fund 1   108,665    248,661 
Alinma Retail REIT Fund, NVS   217,464    284,725 
Al-Jazira Reit Fund   30,082    155,343 
Alkhabeer REIT   305,120    529,674 
Bonyan REIT, NVS   157,357    409,957 
Derayah REIT   266,903    567,954 
MEFIC REIT, NVS   139,768    182,768 
Mulkia Gulf Real Estate REIT Fund, NVS   204,058    327,572 
Musharaka Real Estate Income Fund, NVS   197,743    296,404 
Riyad REIT Fund   356,368    807,746 
Sedco Capital REIT Fund   171,772    398,500 
Sico Saudi REIT, NVS   101,999    123,724 
Security  Shares   Value 
         
Saudi Arabia (continued)          
Taleem REIT   76,158   $227,679 
         6,152,954 
Singapore — 3.3%          
AIMS APAC REIT   1,510,828    1,472,630 
CapitaLand Ascendas REIT   8,565,514    18,563,413 
CapitaLand Ascott Trust(a)   5,892,832    4,201,196 
CapitaLand China Trust(a)   2,729,730    1,695,554 
CapitaLand Integrated Commercial Trust   12,201,526    18,189,624 
CDL Hospitality Trusts   2,098,600    1,607,467 
Cromwell European Real Estate Investment Trust(a)   741,900    1,120,306 
Digital Core REIT Management Pte Ltd.   1,728,800    1,111,257 
ESR-LOGOS REIT   14,764,042    3,411,743 
Far East Hospitality Trust   2,357,800    1,142,430 
First REIT   2,719,100    526,997 
Frasers Centrepoint Trust   2,583,270    4,418,480 
Frasers Logistics & Commercial Trust   6,892,400    5,737,513 
Keppel DC REIT   3,099,733    3,892,086 
Keppel Pacific Oak US REIT   2,009,300    561,294 
Keppel REIT   5,896,000    4,054,773 
Lendlease Global Commercial REIT   4,568,291    2,139,009 
Mapletree Industrial Trust   4,756,510    8,663,294 
Mapletree Logistics Trust   7,980,113    9,176,136 
Mapletree Pan Asia Commercial Trust   5,554,191    6,014,711 
OUE REIT   5,238,900    1,108,030 
Paragon REIT   2,597,200    1,694,037 
Parkway Life REIT   917,900    2,405,378 
Sasseur Real Estate Investment Trust(a)   1,227,100    612,864 
Starhill Global REIT(a)   3,460,900    1,328,635 
Suntec REIT   5,112,000    4,519,153 
         109,368,010 
South Africa — 0.4%          
Attacq Ltd.(a)   1,732,189    915,563 
Burstone Group Ltd.   1,431,662    657,620 
Emira Property Fund Ltd.   569,977    265,467 
Equites Property Fund Ltd.   1,798,160    1,378,901 
Growthpoint Properties Ltd.   8,102,773    5,128,474 
Redefine Properties Ltd.   16,486,209    3,656,947 
Resilient REIT Ltd.   716,045    1,803,259 
Stor-Age Property REIT Ltd.(a)   975,010    729,077 
         14,535,308 
South Korea — 0.1%          
ESR Kendall Square REIT Co. Ltd.   292,440    823,916 
JR Global REIT   279,304    849,574 
LOTTE REIT Co. Ltd.   294,662    680,585 
SK REITs Co. Ltd.   437,228    1,227,267 
         3,581,342 
Spain — 0.4%          
Inmobiliaria Colonial SOCIMI SA   768,010    4,617,506 
Lar Espana Real Estate SOCIMI SA   147,468    989,680 
Merlin Properties SOCIMI SA   798,513    8,131,435 
         13,738,621 
Turkey — 0.1%          
AKIS Gayrimenkul Yatirimi AS(b)   909,557    424,730 
Alarko Gayrimenkul Yatirim Ortakligi AS   161,542    218,264 
Emlak Konut Gayrimenkul Yatirim Ortakligi AS   4,762,176    1,577,191 
Is Gayrimenkul Yatirim Ortakligi AS(b)   1,019,557    600,747 
Ozak Gayrimenkul Yatirim Ortakligi(b)   898,068    265,470 
         3,086,402 
United Kingdom — 4.7%          
Abrdn Property Income Trust Ltd.   921,436    637,153 

2

 

 

Schedule of Investments (unaudited) (continued) iShares® Global REIT ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
           
United Kingdom (continued)          
AEW U.K. REIT PLC   380,259   $467,445 
Assura PLC   6,979,497    3,939,616 
Balanced Commercial Property Trust Ltd.   1,307,609    1,254,094 
Big Yellow Group PLC   447,108    6,465,191 
British Land Co. PLC (The)   2,220,123    10,671,506 
Capital & Counties Properties PLC   3,269,029    5,506,975 
CLS Holdings PLC   399,980    497,447 
Custodian Property Income REIT PLC   983,279    888,844 
Derwent London PLC   269,899    7,274,273 
Empiric Student Property PLC   1,412,568    1,636,523 
Great Portland Estates PLC   512,274    2,695,424 
Hammerson PLC   9,300,838    3,173,967 
Helical PLC   246,675    642,416 
Home REIT PLC(d)   1,719,812    621,991 
Impact Healthcare REIT PLC, Class B   750,037    810,254 
Land Securities Group PLC   1,775,846    14,971,626 
Life Science Reit PLC   846,789    615,980 
LondonMetric Property PLC   2,549,833    6,230,247 
LXI REIT PLC   3,627,904    4,838,537 
NewRiver REIT PLC   733,127    720,658 
Picton Property Income Ltd.   1,304,413    1,106,658 
Primary Health Properties PLC   3,164,665    3,896,279 
PRS REIT PLC (The)   1,238,265    1,321,311 
Regional REIT Ltd.(c)   1,025,895    387,435 
Residential Secure Income PLC, NVS(c)   447,248    285,730 
Safestore Holdings PLC   510,023    5,311,497 
Schroder REIT Ltd.   1,208,184    697,431 
Segro PLC   2,939,572    32,647,090 
Sirius Real Estate Ltd.   2,773,376    3,191,348 
Supermarket Income REIT PLC   2,981,315    3,060,359 
Target Healthcare REIT PLC   1,478,080    1,555,429 
Triple Point Social Housing REIT PLC(c)   764,391    562,924 
Tritax Big Box REIT PLC   4,564,409    9,555,990 
UK Commercial Property REIT Ltd.   1,783,736    1,444,876 
UNITE Group PLC (The)   827,938    10,577,600 
Urban Logistics REIT PLC   1,114,762    1,771,574 
Warehouse REIT PLC   957,781    1,053,575 
Workspace Group PLC   343,245    2,257,766 
         155,245,039 
United States — 71.4%          
Acadia Realty Trust   218,303    3,724,249 
Agree Realty Corp.   238,383    14,210,011 
Alexander & Baldwin Inc.   174,603    3,024,124 
Alexandria Real Estate Equities Inc.   412,631    49,887,088 
American Assets Trust Inc.   115,946    2,600,669 
American Homes 4 Rent, Class A   799,291    28,015,150 
Americold Realty Trust Inc.   648,227    17,826,242 
Apartment Income REIT Corp.   357,066    11,672,488 
Apartment Investment & Management Co., Class A(b)   344,993    2,563,298 
Apple Hospitality REIT Inc.   516,522    8,295,343 
Armada Hoffler Properties Inc.   160,268    1,916,805 
AvalonBay Communities Inc.   340,917    61,027,552 
Boston Properties Inc.   377,357    25,094,240 
Brandywine Realty Trust   395,250    1,873,485 
Brixmor Property Group Inc.   719,400    16,143,336 
Broadstone Net Lease Inc.   451,423    7,254,368 
Camden Property Trust   249,799    23,441,138 
CareTrust REIT Inc.   237,119    4,960,529 
Centerspace   36,608    2,004,654 
Community Healthcare Trust Inc.   64,620    1,653,626 
COPT Defense Properties   268,405    6,323,622 
Cousins Properties Inc.   361,490    8,281,736 
Security  Shares   Value 
         
United States (continued)          
CubeSmart   538,810   $23,287,368 
DiamondRock Hospitality Co.   500,412    4,573,766 
Digital Realty Trust Inc.   726,660    102,066,664 
Douglas Emmett Inc.   374,099    5,069,041 
Easterly Government Properties Inc., Class A   225,672    2,771,252 
EastGroup Properties Inc.   109,853    19,491,218 
Elme Communities   206,126    2,984,704 
Empire State Realty Trust Inc., Class A   319,970    3,046,114 
EPR Properties   179,234    7,934,689 
Equinix Inc.   224,655    186,411,979 
Equity LifeStyle Properties Inc.   427,219    28,918,454 
Equity Residential   897,321    54,009,751 
Essential Properties Realty Trust Inc.   368,671    9,183,595 
Essex Property Trust Inc.   153,378    35,778,486 
Extra Space Storage Inc.   503,066    72,662,853 
Federal Realty Investment Trust   195,050    19,842,436 
First Industrial Realty Trust Inc.   317,178    16,341,011 
Four Corners Property Trust Inc.   214,916    5,031,184 
Gaming and Leisure Properties Inc.   615,479    28,096,616 
Getty Realty Corp.   113,106    3,128,512 
Global Net Lease Inc.   472,199    3,990,082 
Healthcare Realty Trust Inc., Class A   912,652    14,702,824 
Healthpeak Properties Inc.   1,318,618    24,394,433 
Highwoods Properties Inc.   252,867    5,808,355 
Host Hotels & Resorts Inc.   1,700,232    32,678,459 
Hudson Pacific Properties Inc.   332,735    2,725,100 
Independence Realty Trust Inc.   536,086    7,875,103 
Innovative Industrial Properties Inc.   66,514    6,201,100 
InvenTrust Properties Corp.   161,819    4,017,966 
Invitation Homes Inc.   1,470,504    48,423,697 
JBG SMITH Properties   239,213    3,827,408 
Kilroy Realty Corp.   281,175    10,054,818 
Kimco Realty Corp.   1,576,698    31,849,300 
Kite Realty Group Trust   520,343    11,135,340 
LTC Properties Inc.   98,289    3,063,668 
LXP Industrial Trust   685,016    6,226,795 
Macerich Co. (The)   515,921    8,146,393 
Medical Properties Trust Inc.   1,437,695    4,456,855 
Mid-America Apartment Communities Inc.   279,246    35,291,109 
National Health Investors Inc.   100,107    5,323,690 
National Storage Affiliates Trust.   195,867    7,315,632 
NET Lease Office Properties   34,325    850,574 
NETSTREIT Corp.   167,072    3,035,698 
NexPoint Residential Trust Inc.   54,373    1,661,095 
NNN REIT Inc.   435,734    17,577,510 
Omega Healthcare Investors Inc.   587,960    17,050,840 
Paramount Group Inc.   437,903    2,080,039 
Park Hotels & Resorts Inc.   515,246    7,769,910 
Pebblebrook Hotel Trust(a)   281,759    4,288,372 
Phillips Edison & Co. Inc.   282,193    9,794,919 
Physicians Realty Trust   570,746    6,985,931 
Piedmont Office Realty Trust Inc., Class A   293,665    1,996,922 
Prologis Inc.   2,220,502    281,315,400 
Public Storage   376,979    106,756,683 
Realty Income Corp.   2,000,358    108,799,472 
Regency Centers Corp.   434,842    27,251,548 
Retail Opportunity Investments Corp.   294,984    4,008,833 
Rexford Industrial Realty Inc.   506,571    26,640,569 
RLJ Lodging Trust   372,585    4,314,534 
Ryman Hospitality Properties Inc.   139,682    15,351,052 
Sabra Health Care REIT Inc.   550,306    7,341,082 
Safehold Inc.   115,278    2,289,421 

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Schedule of Investments (unaudited) (continued) iShares® Global REIT ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
United States (continued)          
Service Properties Trust   394,551   $3,049,879 
Simon Property Group Inc.   780,631    108,203,263 
SITE Centers Corp.   453,329    6,038,342 
SL Green Realty Corp.   143,317    6,442,099 
STAG Industrial Inc.   437,967    16,178,501 
Summit Hotel Properties Inc.   251,858    1,632,040 
Sun Communities Inc.   295,182    37,001,064 
Sunstone Hotel Investors Inc.   495,787    5,290,047 
Tanger Inc.   243,060    6,538,314 
Terreno Realty Corp.   198,587    11,861,602 
UDR Inc.   788,564    28,404,075 
Universal Health Realty Income Trust   30,730    1,223,361 
Urban Edge Properties   274,598    4,742,307 
Ventas Inc.   961,370    44,597,954 
Veris Residential Inc.   188,143    2,869,181 
VICI Properties Inc., Class A   2,487,851    74,934,072 
Vornado Realty Trust.   424,539    11,543,215 
Welltower Inc.   1,291,701    111,745,054 
WP Carey Inc.   509,654    31,578,162 
Xenia Hotels & Resorts Inc.   253,890    3,384,354 
         2,384,348,863 
Total Common Stocks — 99.5%          
(Cost: $3,612,731,923)       3,321,957,757 
         
Preferred Stocks        
         
Bermuda — 0.0%        
Brookfield Property Partners LP, 6.25%   4,496    58,403 
           
Total Preferred Stocks — 0.0%          
(Cost: $110,377)       58,403 
           
Total Long-Term Investments — 99.5%          
(Cost: $3,612,842,300)       3,322,016,160 
Security  Shares   Value 
           
Short-Term Securities          
           
Money Market Funds — 0.3%          
           
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.51%(e)(f)(g)   3,182,781   $3,184,690 
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.32%(e)(f)   7,840,000    7,840,000 
           
Total Short-Term Securities — 0.3%          
(Cost: $11,022,266)        11,024,690 
           
Total Investments — 99.8%          
(Cost: $3,623,864,566)        3,333,040,850 
           
Other Assets Less Liabilities — 0.2%        5,968,943 
           
Net Assets — 100.0%       $3,339,009,793 

 

(a)All or a portion of this security is on loan.

(b)Non-income producing security.

(c)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.

(d)Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(e)Affiliate of the Fund.

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

(g)All or a portion of this security was purchased with the cash collateral from loaned securities.

 

Affiliates

 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer 

Value at

04/30/23

  

Purchases

at Cost

  

Proceeds

from Sale

  

Net Realized

Gain (Loss)

  

Change in

Unrealized

Appreciation

(Depreciation)

  

Value at

01/31/24

  

Shares

Held at

01/31/24

   Income  

Capital

Gain

Distributions

from

Underlying

Funds

 
BlackRock Cash Funds: Institutional, SL Agency Shares  $15,717,990   $—   $(12,533,182)(a)  $(3,287)  $3,169   $3,184,690    3,182,781   $73,501(b)  $— 
BlackRock Cash Funds: Treasury, SL Agency Shares   7,630,000    210,000(a)   —    —    —    7,840,000    7,840,000    352,580    — 
                  $(3,287)  $3,169   $11,024,690        $426,081   $— 

 

(a)Represents net amount purchased (sold).

(b)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.

 

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Schedule of Investments (unaudited) (continued) iShares® Global REIT ETF
January 31, 2024

 

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                  
Dow Jones U.S. Real Estate Index   422   03/15/24  $14,200   $(813,184)
SPI 200 Index   18   03/21/24   2,231    (6,458)
                $(819,642)

 

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.

 

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 
Assets                    
Investments                    
Long-Term Investments                    
Common Stocks  $2,567,664,882   $753,670,884   $621,991   $3,321,957,757 
Preferred Stocks   58,403    —    —    58,403 
Short-Term Securities                    
Money Market Funds   11,024,690    —    —    11,024,690 
   $2,578,747,975   $753,670,884   $621,991   $3,333,040,850 
Derivative Financial Instruments(a)                    
Liabilities                    
Equity Contracts  $(813,184)  $(6,458)  $—   $(819,642)

 

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

 

Portfolio Abbreviation

 

NVSNon-Voting Shares

REITReal Estate Investment Trust

 

5