0001752724-24-165604.txt : 20240726 0001752724-24-165604.hdr.sgml : 20240726 20240726113835 ACCESSION NUMBER: 0001752724-24-165604 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240531 FILED AS OF DATE: 20240726 DATE AS OF CHANGE: 20240726 PERIOD START: 20240831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iSHARES TRUST CENTRAL INDEX KEY: 0001100663 ORGANIZATION NAME: IRS NUMBER: 943351276 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-09729 FILM NUMBER: 241144692 BUSINESS ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: (415) 670-2000 MAIL ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: ISHARES TRUST DATE OF NAME CHANGE: 19991213 0001100663 S000035389 iShares MSCI Norway ETF C000108740 iShares MSCI Norway ETF ENOR NPORT-P 1 primary_doc.xml NPORT-P false 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162043.37000000 0.536757509411 Long EC CORP NO N 2 N N FLEX LNG Ltd 21380084THHU3MPC3647 FLEX LNG Ltd 000000000 4935.00000000 NS 142178.10000000 0.470955169895 Long EC CORP BM N 1 N N N Belships ASA 5967007LIEEXZXJCKO49 Belships ASA 000000000 14758.00000000 NS 33603.86000000 0.111310473240 Long EC CORP NO N 1 N N N Storebrand ASA 5967007LIEEXZX7NA051 Storebrand ASA 000000000 74171.00000000 NS 803822.10000000 2.662605377842 Long EC CORP NO N 2 N N N Norsk Hydro ASA 549300N1SDN71ZZ8BO45 Norsk Hydro ASA 000000000 222420.00000000 NS 1506148.02000000 4.989011645585 Long EC CORP NO N 2 N N N Norconsult Norge AS N/A Norconsult Norge AS 000000000 18154.00000000 NS 56037.80000000 0.185621355325 Long EC CORP NO N 1 N N N Odfjell SE 529900J8VSH14TP5VD23 Odfjell SE 000000000 3027.00000000 NS 51909.72000000 0.171947374467 Long EC CORP NO N 1 N N N MPC Container Ships ASA 213800MXS7CXYJ2Q1805 MPC Container Ships ASA 000000000 59512.00000000 NS 128104.05000000 0.424335848010 Long EC CORP NO N 2 N N N Seadrill Ltd 213800EQ6L456U2JCO89 Seadrill Ltd 000000000 4979.00000000 NS 254420.37000000 0.842749963449 Long EC CORP BM N 2 N N N BW Offshore Ltd 2138008LFKH8V2EOA915 BW Offshore Ltd 000000000 14019.00000000 NS 40469.09000000 0.134051075070 Long EC CORP BM N 1 N N N Schibsted ASA 5967007LIEEXZXHT0O36 Schibsted ASA 000000000 16310.00000000 NS 440680.62000000 1.459724220972 Long EC CORP NO N 1 N N N Avance Gas Holding Ltd 5493009VK043S9CL8W20 Avance Gas Holding Ltd 000000000 3251.00000000 NS 57237.77000000 0.189596173354 Long EC CORP BM N 1 N N N BW Energy Ltd 5493004D19CJBN3DLD40 BW Energy Ltd 000000000 10831.00000000 NS 34671.42000000 0.114846692258 Long EC CORP BM N 1 N N N Aker BP ASA 549300NFTY73920OYK69 Aker BP ASA 000000000 52978.00000000 NS 1367750.28000000 4.530578657981 Long EC CORP NO N 2 N N N Scatec ASA 5967007LIEEXZXIARK36 Scatec ASA 000000000 19931.00000000 NS 165426.54000000 0.547964027167 Long EC CORP NO N 2 N N N Gjensidige Forsikring ASA 5967007LIEEXZX6FAO47 Gjensidige Forsikring ASA 000000000 33564.00000000 NS 589007.30000000 1.951046138901 Long EC CORP NO N 2 N N N Equinor ASA OW6OFBNCKXC4US5C7523 Equinor ASA 000000000 151033.00000000 NS 4384145.05000000 14.52217871015 Long EC CORP NO N 2 N N N Yara International ASA 213800WKOUWXWFJ5Z514 Yara International ASA 000000000 27768.00000000 NS 863458.18000000 2.860145787992 Long EC CORP NO N 2 N N N Telenor ASA 549300IM1QSBY4SLPM26 Telenor ASA 000000000 105582.00000000 NS 1231218.32000000 4.078325938202 Long EC CORP NO N 1 N N N 2024-06-28 iShares Trust Chuck Pulsfort Chuck Pulsfort Assistant Treasurer XXXX NPORT-EX 2 NPORT_2Q2D_54781518_0524.htm

 

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

 

Security  Shares   Value 
         
Common Stocks          
           
Aerospace & Defense — 4.3%          
Kongsberg Gruppen ASA   15,088   $1,297,230 
           
Banks — 12.6%          
DNB Bank ASA   145,534    2,845,153 
SpareBank 1 Nord Norge   16,292    155,527 
SpareBank 1 Oestlandet   5,893    76,636 
SpareBank 1 SMN   22,264    325,119 
SpareBank 1 SR-Bank ASA   31,731    410,632 
         3,813,067 
Biotechnology — 0.1%          
Nykode Therapeutics ASA(a)(b)   28,007    42,105 
           
Broadline Retail — 0.6%          
Europris ASA(c)   27,208    182,147 
           
Chemicals — 4.3%          
Borregaard ASA   16,296    298,710 
Elkem ASA(a)(c)   49,358    103,152 
Yara International ASA   28,401    883,142 
         1,285,004 
Commercial Services & Supplies — 0.1%          
Aker Carbon Capture ASA(a)   61,454    43,429 
           
Construction & Engineering — 0.9%          
Cadeler AS(a)   33,108    206,604 
Norconsult Norge A/S, NVS   18,641    57,541 
         264,145 
Diversified Telecommunication Services — 4.2%          
Telenor ASA   108,023    1,259,683 
           
Electrical Equipment — 0.7%          
NEL ASA(a)(b)   286,685    219,861 
           
Electronic Equipment, Instruments & Components — 0.3% 
Kitron ASA   30,500    97,866 
           
Energy Equipment & Services — 7.4%          
Aker Solutions ASA   46,432    203,091 
Borr Drilling Ltd.   36,239    243,049 
BW Offshore Ltd.   14,222    41,055 
DOF Group ASA(a)   24,241    222,722 
Odfjell Drilling Ltd.   16,246    89,468 
PGS ASA(a)   163,866    147,359 
Seadrill Ltd.(a)   5,064    258,764 
Subsea 7 SA   39,147    726,922 
TGS ASA(b)   22,477    295,568 
         2,227,998 
Food Products — 13.1%          
Austevoll Seafood ASA   15,648    127,693 
Bakkafrost P/F   8,635    475,761 
Grieg Seafood ASA   8,757    60,528 
Leroy Seafood Group ASA   45,987    201,625 
Mowi ASA   79,831    1,435,567 
Orkla ASA   120,244    962,735 
Salmar ASA   11,324    691,487 
         3,955,396 
Independent Power and Renewable Electricity Producers — 0.6%      
Scatec ASA(a)(c)   20,445    169,693 
           
Industrial Conglomerates — 0.8%          
Aker ASA, Class A   3,825    228,015 
Security  Shares   Value 
         
Insurance — 5.4%          
Gjensidige Forsikring ASA   34,306   $602,029 
Protector Forsikring ASA   9,198    212,505 
Storebrand ASA   75,855    822,072 
         1,636,606 
IT Services — 0.6%          
Atea ASA   13,494    187,697 
           
Machinery — 1.8%          
TOMRA Systems ASA   40,624    534,982 
           
Marine Transportation — 4.1%          
Belships ASA   19,539    44,490 
Golden Ocean Group Ltd.   22,258    318,826 
Gram Car Carriers ASA   2,014    49,600 
Hoegh Autoliners ASA   21,270    253,920 
MPC Container Ships ASA   64,744    139,366 
Odfjell SE, Class A   2,593    44,467 
Stolt-Nielsen Ltd.   4,015    185,444 
Wallenius Wilhelmsen ASA   18,144    193,828 
         1,229,941 
Media — 2.7%          
Schibsted ASA, Class A   12,543    363,278 
Schibsted ASA, Class B   16,699    451,191 
         814,469 
Metals & Mining — 5.1%          
Norsk Hydro ASA   227,586    1,541,130 
           
Oil, Gas & Consumable Fuels — 26.3%          
Aker BP ASA   54,206    1,399,454 
Avance Gas Holding Ltd.(c)   3,320    58,453 
BlueNord ASA(a)(b)   4,045    211,956 
BW Energy Ltd.(a)   10,831    34,671 
BW LPG Ltd.(c)   14,409    298,440 
Cool Co. Ltd.   4,160    52,155 
DNO ASA   82,874    92,763 
Equinor ASA   154,538    4,485,887 
Flex LNG Ltd.   5,530    159,320 
Frontline PLC, NVS   24,821    714,439 
Hafnia Ltd.   48,138    423,028 
         7,930,566 
Passenger Airlines — 0.5%          
Norwegian Air Shuttle ASA(a)(b)   124,002    166,656 
           
Real Estate Management & Development — 0.4%          
Entra ASA(a)(c)   12,497    134,407 
           
Semiconductors & Semiconductor Equipment — 1.5%          
Nordic Semiconductor ASA(a)   31,415    406,025 
REC Silicon ASA(a)(b)   46,770    42,752 
         448,777 
Software — 0.5%          
Crayon Group Holding ASA(a)(b)(c)   13,060    140,340 
           
Total Long-Term Investments — 98.9%          
(Cost: $33,942,787)        29,851,210 
           
Short-Term Securities          
           
Money Market Funds — 2.3%          
BlackRock Cash Funds: Institutional, SL Agency Shares,          
5.49%(d)(e)(f)   693,664    693,872 

1

 

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

 

Security  Shares   Value 
         
Money Market Funds (continued)          
BlackRock Cash Funds: Treasury, SL Agency Shares,          
5.28%(d)(e)   10,000   $10,000 
           
Total Short-Term Securities — 2.3%          
(Cost: $703,836)        703,872 
           
Total Investments — 101.2%          
(Cost: $34,646,623)        30,555,082 
           
Liabilities in Excess of Other Assets — (1.2)%        (366,399)
           
Net Assets — 100.0%       $30,188,683 

 

(a)Non-income producing security.

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

(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)Affiliate of the Fund.

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

 

(f)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 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  $552,887   $141,029(a)   $  —   $(26)  $(18)  $693,872    693,664   $8,848(b)   $      — 
BlackRock Cash Funds: Treasury, SL Agency Shares   10,000    0(a)    —    —    —    10,000    10,000    708    — 
                  $(26)  $(18)  $703,872        $9,556   $— 

 

(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.

 

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                  
Euro STOXX 50 Index   6   06/21/24  $327   $1,277 

 

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).

 

2

 

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

 

Fair Value Hierarchy as of Period End (continued)

 

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  $7,680,061   $22,171,149   $—   $29,851,210 
Short-Term Securities                    
Money Market Funds   703,872    —    —    703,872 
   $8,383,933   $22,171,149   $—   $30,555,082 
Derivative Financial Instruments(a)                    
Assets                    
Equity Contracts  $—   $1,277   $—   $1,277 

 

(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

 

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