NPORT-EX 2 NPORT_0BGI_39505743_0524.htm

 

Schedule of Investments (unaudited) iShares® MSCI New Zealand ETF
May 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Common Stocks          
           
Building Products — 4.7%          
Fletcher Building Ltd.   2,109,156   $4,044,704 
           
Diversified Telecommunication Services — 4.7%          
Spark New Zealand Ltd.   1,586,811    4,072,348 
           
Electric Utilities — 9.7%          
Contact Energy Ltd.   731,755    4,147,246 
Mercury NZ Ltd.   1,012,846    4,158,944 
         8,306,190 
Health Care Equipment & Supplies — 24.4%          
Fisher & Paykel Healthcare Corp. Ltd.   1,158,865    21,014,450 
           
Health Care Providers & Services — 8.7%          
EBOS Group Ltd.   180,605    3,669,141 
Ryman Healthcare Ltd.(a)   1,702,220    3,822,187 
         7,491,328 
Independent Power and Renewable Electricity Producers — 5.1% 
Meridian Energy Ltd.   1,055,530    4,386,119 
           
Industrial Conglomerates — 4.6%          
Infratil Ltd.   603,579    3,935,914 
           
Industrial REITs — 4.7%          
Goodman Property Trust   3,026,156    4,073,790 
           
Passenger Airlines — 4.6%          
Air New Zealand Ltd.   11,883,681    3,944,645 
Security  Shares   Value 
           
Retail REITs — 4.7%          
Kiwi Property Group Ltd.   8,009,680   $4,039,595 
           
Transportation Infrastructure — 24.0%          
Auckland International Airport Ltd.   4,295,894    20,597,349 
           
Total Long-Term Investments — 99.9%          
(Cost: $99,389,640)        85,906,432 
           
Short-Term Securities          
           
Money Market Funds — 0.0%          
BlackRock Cash Funds: Treasury, SL Agency Shares,          
5.28%(b)(c)   30,000    30,000 
           
Total Short-Term Securities — 0.0%          
(Cost: $30,000)        30,000 
           
Total Investments — 99.9%          
(Cost: $99,419,640)        85,936,432 
           
Other Assets Less Liabilities — 0.1%        43,868 
           
Net Assets — 100.0%       $85,980,300 

 

(a)Non-income producing security.

(b)Affiliate of the Fund.

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

Affiliates

 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended May 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
08/31/23
   Purchases
at Cost
   Proceeds
from Sales
   Net Realized
Gain (Loss)
   Change in
Unrealized
Appreciation
(Depreciation)
   Value at
05/31/24
   Shares
Held at
05/31/24
   Income   Capital
Gain
Distributions
from
Underlying
Funds
 
BlackRock Cash Funds: Institutional, SL Agency Shares(a)  $432,780   $    —   $(432,805)(b) $25   $   $       $1,281(c)   $      — 
BlackRock Cash Funds: Treasury, SL Agency Shares   60,000        (30,000)(b)          30,000    30,000    3,025     
                  $25   $   $30,000        $4,306   $ 

 

(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.

 

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

 

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Schedule of Investments (unaudited) (continued) iShares® MSCI New Zealand ETF
May 31, 2024

 

Fair Value Hierarchy as of Period End (continued)

 

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  $70,064,032   $15,842,400   $   $85,906,432 
Short-Term Securities                    
Money Market Funds   30,000            30,000 
   $70,094,032   $15,842,400   $   $85,936,432 

 

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