NPORT-EX 2 NPORT_2Q2B_39994537_0524.htm

 

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

  

Security  Shares   Value 
         
Common Stocks          
           
Automobile Components — 0.8%          
Nokian Renkaat OYJ   17,964   $165,106 
           
Banks — 17.5%          
Nordea Bank Abp, New   296,242    3,641,776 
           
Broadline Retail — 1.3%          
Puuilo OYJ   13,225    151,784 
Tokmanni Group Corp.   8,071    119,354 
         271,138 
Chemicals — 1.5%          
Kemira OYJ   13,479    317,709 
           
Communications Equipment — 9.1%          
Nokia OYJ   487,415    1,906,474 
           
Consumer Staples Distribution & Retail — 2.6%          
Kesko OYJ, Class B   29,442    535,585 
           
Containers & Packaging — 3.0%          
Huhtamaki OYJ   10,803    435,347 
Metsa Board OYJ, Class B   23,678    200,290 
         635,637 
Diversified Telecommunication Services — 3.4%          
Elisa OYJ   15,054    701,450 
           
Electric Utilities — 3.5%          
Fortum OYJ   47,717    729,066 
           
Electrical Equipment — 0.4%          
Kempower OYJ(a)(b)   3,532    90,518 
           
Health Care Equipment & Supplies — 0.6%          
Revenio Group OYJ   4,119    125,990 
           
Household Durables — 0.5%          
YIT OYJ(b)   39,028    101,870 
           
Insurance — 9.4%          
Mandatum OYJ   44,876    201,670 
Sampo OYJ, Class A   41,206    1,763,809 
         1,965,479 
IT Services — 1.2%          
TietoEVRY OYJ   12,789    258,413 
           
Leisure Products — 0.1%          
Harvia OYJ   370    16,721 
           
Machinery — 18.7%          
Cargotec OYJ, Class B   4,570    380,890 
Kone OYJ, Class B   17,347    885,027 
Konecranes OYJ   7,648    440,133 
Metso OYJ   65,765    804,267 
Valmet OYJ   16,878    454,233 
Wartsila OYJ Abp   44,548    934,050 
         3,898,600 
Security  Shares   Value 
         
Metals & Mining — 1.0%          
Outokumpu OYJ   48,638   $202,038 
           
Oil, Gas & Consumable Fuels — 3.8%          
Neste OYJ   37,892    795,514 
           
Paper & Forest Products — 13.1%          
Stora Enso OYJ, Class R   60,630    888,190 
UPM-Kymmene OYJ   48,206    1,842,775 
         2,730,965 
Passenger Airlines — 0.1%          
Finnair OYJ(a)   6,308    19,459 
           
Pharmaceuticals — 2.3%          
Orion OYJ, Class B   11,813    480,407 
           
Real Estate Management & Development — 1.4%          
Citycon OYJ   20,088    93,106 
Kojamo OYJ(a)   17,261    189,492 
         282,598 
Software — 1.1%          
QT Group OYJ(a)   2,552    225,194 
           
Specialty Retail — 0.1%          
Musti Group OYJ(a)   1,124    30,002 
           
Textiles, Apparel & Luxury Goods — 0.6%          
Marimekko OYJ   7,567    131,533 
           
Total Long-Term Investments — 97.1%          
(Cost: $22,474,397)   .    20,259,242 
           
Short-Term Securities          
           
Money Market Funds — 0.5%          
BlackRock Cash Funds: Institutional, SL Agency Shares,          
5.49%(c)(d)(e)   90,655    90,682 
           
Total Short-Term Securities — 0.5%          
(Cost: $90,639)   .    90,682 
           
Total Investments — 97.6%          
(Cost: $22,565,036)   .    20,349,924 
           
Other Assets Less Liabilities — 2.4%   .    507,893 
           
Net Assets — 100.0%   .   $20,857,817 

 

(a)Non-income producing security.

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

(c)Affiliate of the Fund.

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

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

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

 

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  $631,830   $  —   $(541,234)(a)  $148   $(62)  $90,682    90,655   $26,250(b)   $ 
BlackRock Cash Funds: Treasury, SL Agency Shares(c)   20,000        (20,000)(a)                   888     
                  $148   $(62)  $90,682        $27,138   $ 
(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.

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

 

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   10   06/21/24  $545   $1,124 

 

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  $1,077,289   $19,181,953   $   $20,259,242 

 

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

 

Fair Value Hierarchy as of Period End (continued)

 

   Level 1   Level 2   Level 3   Total 
Short-Term Securities                    
Money Market Funds  $90,682   $   $   $90,682 
   $1,167,971   $19,181,953   $   $20,349,924 
Derivative Financial Instruments(a)                    
Assets                    
Equity Contracts  $   $1,124   $   $1,124 

 

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

 

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