NPORT-EX 2 NPORT_0B74_35082731_0524.htm

 

Schedule of Investments (unaudited) iShares® Emergent Food and AgTech Multisector ETF
May 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Common Stocks          
           
Australia — 0.4%          
Nufarm Ltd./Australia   7,055   $21,092 
           
Canada — 4.1%          
Nutrien Ltd.   3,493    204,693 
           
France — 6.7%          
Danone SA   2,956    190,632 
Eurofins Scientific SE   2,324    140,283 
         330,915 
Germany — 9.8%          
BASF SE   3,900    206,414 
Bayer AG, Registered   5,327    163,886 
GEA Group AG   2,810    117,637 
         487,937 
Japan — 3.7%          
Kubota Corp.   12,900    182,582 
           
Netherlands — 0.5%          
Corbion NV   1,165    25,986 
           
Norway — 5.6%          
Bakkafrost P/F   926    51,019 
Mowi ASA   8,448    151,917 
Salmar ASA   1,280    78,162 
         281,098 
United Kingdom — 3.3%          
Croda International PLC   2,310    134,946 
Genus PLC   1,200    27,555 
         162,501 
United States — 65.5%          
AGCO Corp.   1,120    120,210 
CF Industries Holdings Inc.   2,508    199,963 
CNH Industrial NV   17,011    179,636 
Corteva Inc.   4,225    236,346 
Deere & Co.   517    193,751 
Security  Shares   Value 
         
United States (continued)          
Ecolab Inc.   983   $228,253 
Exponent Inc.   865    82,279 
FMC Corp.   2,206    134,456 
International Flavors & Fragrances Inc.   2,465    237,084 
International Paper Co.   5,106    230,229 
Kellanova   3,472    209,500 
Mosaic Co. (The)   5,300    163,929 
Neogen Corp.(a)   3,781    49,720 
Packaging Corp. of America   1,137    208,628 
Sealed Air Corp.   2,468    95,931 
Sotera Health Co.(a)   1,917    21,432 
Trimble Inc.(a)   4,038    224,836 
Waters Corp.(a)   645    199,240 
Westrock Co.   4,540    243,526 
         3,258,949 
Total Long-Term Investments — 99.6%          
(Cost: $5,780,288)        4,955,753 
           
Short-Term Securities          
           
Money Market Funds — 0.2%          
BlackRock Cash Funds: Treasury, SL Agency Shares,          
5.28%(b)(c)   10,000    10,000 
           
Total Short-Term Securities — 0.2%          
(Cost: $10,000)        10,000 
           
Total Investments — 99.8%          
(Cost: $5,790,288)        4,965,753 
           
Other Assets Less Liabilities — 0.2%        10,108 
           
Net Assets — 100.0%       $4,975,861 

 

(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)  $—   $—   $(6)(b) $6   $      —   $—    —   $53(c)   $     — 
BlackRock Cash Funds: Treasury, SL Agency Shares   —    10,000(b)    —    —    —    10,000    10,000    74    — 
                  $6   $—   $10,000        $127   $— 

 

(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.

 

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Schedule of Investments (unaudited) (continued) iShares® Emergent Food and AgTech Multisector ETF
May 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                  
Micro E-Mini Russell 2000 Index   1   06/21/24  $10   $(146)

 

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  $3,491,197   $1,464,556   $—   $4,955,753 
Short-Term Securities                    
Money Market Funds   10,000    —    —    10,000 
   $3,501,197   $1,464,556   $—   $4,965,753 
Derivative Financial Instruments(a)                    
Liabilities                    
Equity Contracts  $(146)  $—   $—   $(146)

 

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

 

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