N-Q 1 d323458dnq.htm N-Q N-Q

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS

OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-09102

 

 

iShares, Inc.

(Exact name of Registrant as specified in charter)

 

 

 

c/o: State Street Bank and Trust Company
1 Iron Street, Boston, MA 02210
(Address of principal executive offices) (Zip code)

 

 

The Corporation Trust Incorporated

351 West Camden Street, Baltimore, MD 21201

(Name and address of agent for service)

 

 

(415) 670-2000

Registrant’s telephone number, including area code:

Date of fiscal year end: April 30, 2017

Date of reporting period: January 31, 2017

 

 

 

Item 1. Schedules of Investments

Schedule of Investments (Unaudited)

iSHARES® ASIA/PACIFIC DIVIDEND ETF

January 31, 2017

 

Security       
    
Shares		     Value  

COMMON STOCKS — 99.77%

 

AUSTRALIA — 51.11%

 

  

ALS Ltd.

     312,051     $ 1,402,409  

Amcor Ltd./Australia

     77,886       845,518  

AusNet Services

     1,126,081       1,350,685  

Australia & New Zealand Banking Group Ltd.

     91,082       2,025,254  

Bendigo & Adelaide Bank Ltd.

     250,146       2,383,224  

Commonwealth Bank of Australia

     22,537       1,397,118  

Mineral Resources Ltd.

     167,445       1,562,254  

Monadelphous Group Ltd.

     318,904       2,515,377  

National Australia Bank Ltd.

     85,331       1,964,747  

Suncorp Group Ltd.

     130,089       1,286,804  

Sydney Airport

     175,252       778,299  

Telstra Corp. Ltd.

     328,736       1,247,799  

Westpac Banking Corp.

     57,428       1,382,444  

Woodside Petroleum Ltd.

     64,353       1,541,819  
   

 

 

  
      21,683,751  

HONG KONG — 24.47%

 

  

Giordano International Ltd.

     4,584,000       2,487,146  

Hang Seng Bank Ltd.

     55,200       1,130,414  

Kerry Properties Ltd.

     419,500       1,192,107  

New World Development Co. Ltd.

     1,495,000       1,734,037  

PCCW Ltd.

     1,772,000       1,077,905  

Sino Land Co. Ltd.a

     666,000       1,107,232  

VTech Holdings Ltd.

     132,700       1,650,338  
   

 

 

  
      10,379,179  

JAPAN — 6.27%

 

  

Mitsui & Co. Ltd.

     83,600       1,230,143  

TonenGeneral Sekiyu KK

     121,000       1,428,461  
   

 

 

  
      2,658,604  

NEW ZEALAND — 10.84%

 

  

Sky Network Television Ltd.

     572,063       1,946,186  

SKYCITY Entertainment Group Ltd.

     338,800       938,983  

Spark New Zealand Ltd.

     666,069       1,714,151  
   

 

 

  
      4,599,320  

SINGAPORE — 7.08%

 

  

Singapore Post Ltd.a

     870,000       904,706  

Singapore Telecommunications Ltd.

     369,100       1,013,925  

StarHub Ltd.a

     514,882       1,085,462  
   

 

 

  
      3,004,093  
   

 

 

  

TOTAL COMMON STOCKS
(Cost: $44,772,084)

 

     42,324,947  
   

 

 

  
Security       
    
Shares		     Value  

SHORT-TERM INVESTMENTS — 4.40%

 

MONEY MARKET FUNDS — 4.40%

 

  

BlackRock Cash Funds: Institutional,

    

SL Agency Shares

    

0.97%b,c,d

     1,860,763     $ 1,861,322  

BlackRock Cash Funds: Treasury,

    

SL Agency Shares

    

0.46%b,c

     4,192       4,192  
   

 

 

  
    1,865,514  
   

 

 

  

TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,865,243)

 

     1,865,514  
   

 

 

  

TOTAL INVESTMENTS
IN SECURITIES — 104.17%
(Cost: $46,637,327)e

 

     44,190,461  

Other Assets, Less Liabilities — (4.17)%

 

     (1,767,479 ) 
   

 

 

  

NET ASSETS — 100.00%

 

   $ 42,422,982  
   

 

 

  

 

a  All or a portion of this security represents a security on loan.
b  Affiliated money market fund.
c  The rate quoted is the annualized seven-day yield of the fund at period end.
d  All or a portion of this security represents an investment of securities lending collateral.
e  The cost of investments for federal income tax purposes was $49,344,336. Net unrealized depreciation was $5,153,875, of which $1,019,613 represented gross unrealized appreciation on securities and $6,173,488 represented gross unrealized depreciation on securities.
 

 

1   

Schedule of Investments (Unaudited) (Continued)

iSHARES® ASIA/PACIFIC DIVIDEND ETF

January 31, 2017

 

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of January 31, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

 

      Level 1      Level 2      Level 3      Total  

Investments:

            

Assets:

            

Common stocks

    $ 42,324,947      $ —      $ —      $ 42,324,947  

Money market funds

      1,865,514        —        —        1,865,514  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 44,190,461      $ —      $ —      $ 44,190,461  
  

 

 

     

 

 

     

 

 

     

 

 

  
                                     

 

     2  

Schedule of Investments (Unaudited)

iSHARES® EMERGING MARKETS DIVIDEND ETF

January 31, 2017

 

Security  

Shares

     Value  

COMMON STOCKS — 96.34%

 

BRAZIL — 9.44%

 

  

AES Tiete Energia SA

     365,400     $ 1,689,080  

Banco do Brasil SA

     768,600       7,601,820  

CCR SA

     403,200       1,988,152  

Engie Brasil Energia SA

     100,800       1,147,257  

Multiplus SA

     390,600       4,418,302  

Transmissora Alianca de Energia Eletrica SA Units

     756,000       5,157,850  
   

 

 

  
      22,002,461  

CHILE — 0.74%

 

  

Itau CorpBanca

     208,765,116       1,718,087  
   

 

 

  
      1,718,087  

CHINA — 18.14%

 

Agile Property Holdings Ltd.a

     4,032,000       2,161,666  

Agricultural Bank of China Ltd. Class H

     8,316,000       3,493,870  

ANTA Sports Products Ltd.b

     504,000       1,610,857  

Bank of China Ltd. Class H

     6,174,000       2,816,726  

Belle International Holdings Ltd.

     3,906,000       2,396,149  

China Construction Bank Corp. Class H

     4,410,000       3,296,410  

China Evergrande Groupb

     4,572,000       3,199,490  

China Shanshui Cement Group Ltd.a,b

     1,012,000       65,212  

China Shenhua Energy Co. Ltd. Class H

     1,764,000       3,760,181  

Datang International Power Generation Co. Ltd. Class H

     9,428,000       2,454,401  

Great Wall Motor Co. Ltd. Class Ha

     2,835,000       2,864,467  

Guangzhou R&F Properties Co. Ltd. Class H

     1,008,000       1,296,480  

Huadian Power International Corp. Ltd. Class H

     4,536,000       1,934,976  

Huaneng Power International Inc. Class H

     3,024,000       1,972,000  

Industrial & Commercial Bank of China Ltd. Class H

     5,040,000       3,104,796  

Shenzhen Investment Ltd.

     4,788,000       1,956,086  

Shougang Fushan Resources Group Ltd.

     10,836,000       2,122,693  

Zhejiang Expressway Co. Ltd. Class H

     1,764,000       1,780,061  
   

 

 

  
      42,286,521  
Security  

Shares

     Value  

CZECH REPUBLIC — 2.45%

 

CEZ AS

     226,044     $ 3,877,437  

Komercni Banka AS

     51,912       1,837,413  
   

 

 

  
      5,714,850  

GREECE — 2.00%

 

OPAP SA

     525,592       4,657,661  
   

 

 

  
      4,657,661  

INDIA — 0.55%

 

Reliance Industries Ltd. GDRc

     41,580       1,288,980  
   

 

 

  
      1,288,980  

MALAYSIA — 3.53%

 

Berjaya Sports Toto Bhd

     2,142,013       1,416,886  

British American Tobacco Malaysia Bhd

     131,600       1,376,757  

Malayan Banking Bhdb

     1,033,200       1,917,351  

Public Bank Bhd

     201,600       914,812  

Sime Darby Bhd

     592,200       1,191,218  

Telekom Malaysia Bhdb

     1,045,800       1,404,788  
   

 

 

  
      8,221,812  

PHILIPPINES — 1.56%

 

Globe Telecom Inc.

     41,580       1,437,106  

PLDT Inc.

     74,340       2,195,917  
   

 

 

  
      3,633,023  

POLAND — 2.94%

 

KGHM Polska Miedz SA

     101,430       3,141,009  

Orange Polska SA

     774,144       1,044,833  

Powszechny Zaklad Ubezpieczen SA

     302,351       2,660,024  
   

 

 

  
      6,845,866  

RUSSIA — 6.33%

 

MMC Norilsk Nickel PJSC

     34,338       5,536,070  

Mobile TeleSystems PJSC

     963,530       4,450,281  

Unipro PJSC

     101,178,000       4,757,305  
   

 

 

  
      14,743,656  

SOUTH AFRICA — 8.78%

 

African Bank Investments Ltd.a,b

     2,216,313       1,644  

Barloworld Ltd.

     333,648       2,727,597  

Coronation Fund Managers Ltd.

     583,758       2,888,909  

Exxaro Resources Ltd.

     241,164       1,902,118  

Foschini Group Ltd. (The)

     206,640       2,464,657  
 

 

3   

Schedule of Investments (Unaudited) (Continued)

iSHARES® EMERGING MARKETS DIVIDEND ETF

January 31, 2017

 

Security  

Shares

     Value  

MTN Group Ltd.

     316,890     $ 2,949,569  

PPC Ltd.a

     2,739,867       1,392,292  

RMB Holdings Ltd.

     405,090       1,952,426  

Tiger Brands Ltd.

     49,392       1,486,194  

Truworths International Ltd.

     275,688       1,656,582  

Woolworths Holdings Ltd./South Africa

     190,593       1,048,403  
   

 

 

  
      20,470,391  

TAIWAN — 24.61%

 

Asia Cement Corp.

     2,520,000       2,150,514  

Asustek Computer Inc.

     186,000       1,619,920  

China Steel Corp.

     2,016,388       1,627,468  

Chunghwa Telecom Co. Ltd.

     378,000       1,230,013  

Far EasTone Telecommunications Co. Ltd.

     630,000       1,495,310  

Farglory Land Development Co. Ltd.

     2,898,263       3,425,657  

Gigabyte Technology Co. Ltd.

     1,890,000       2,472,086  

Highwealth Construction Corp.

     2,142,500       3,188,529  

Huaku Development Co. Ltd.

     1,512,000       2,961,679  

IEI Integration Corp.

     1,386,000       2,033,944  

Inventec Corp.

     2,898,475       2,172,978  

Lite-On Technology Corp.

     1,267,252       1,908,196  

MediaTek Inc.

     331,000       2,254,466  

Merry Electronics Co. Ltd.

     1,315,000       5,453,646  

Novatek Microelectronics Corp.

     504,000       1,776,686  

Oriental Union Chemical Corp.

     1,890,000       1,670,165  

Radiant Opto-Electronics Corp.

     1,134,000       2,047,611  

Synnex Technology International Corp.

     2,898,000       3,013,935  

Taiwan Cement Corp.

     2,493,000       2,815,421  

Taiwan Mobile Co. Ltd.

     504,000       1,680,214  

TSRC Corp.

     2,016,925       2,326,033  

U-Ming Marine Transport Corp.

     2,520,000       2,194,730  

Wan Hai Lines Ltd.

     4,960,000       2,753,270  

Wistron NeWeb Corp.

     292,124       833,149  

WPG Holdings Ltd.

     1,890,000       2,255,025  
   

 

 

  
      57,360,645  

THAILAND — 11.81%

 

Advanced Info Service PCL NVDR

     478,800       2,162,147  

Charoen Pokphand Foods PCL NVDR

     2,079,000       1,682,803  
Security  

Shares

     Value  

Intouch Holdings PCL NVDRb

     1,549,800     $ 2,354,851  

Jasmine International PCL NVDR

     46,179,000       11,541,471  

Land & Houses PCL NVDRb

     9,408,700       2,592,002  

PTT Global Chemical PCL NVDR

     1,020,600       1,963,807  

Sansiri PCL NVDR

     48,144,666       2,556,959  

Siam Cement PCL (The) NVDR

     79,600       1,143,925  

Thai Oil PCL NVDR

     756,000       1,540,557  
   

 

 

  
      27,538,522  

TURKEY — 3.46%

 

Eregli Demir ve Celik Fabrikalari TAS

     3,004,596       4,623,863  

Tofas Turk Otomobil Fabrikasi AS

     213,822       1,474,810  

Turk Telekomunikasyon AS

     534,139       796,536  

Turk Traktor ve Ziraat Makineleri AS

     55,663       1,158,863  
   

 

 

  
      8,054,072  
   

 

 

  

TOTAL COMMON STOCKS
(Cost: $218,312,707)

 

     224,536,547  

PREFERRED STOCKS — 3.32%

 

BRAZIL — 3.32%

 

Cia. Energetica de Minas Gerais

     1,827,063       5,309,051  

Telefonica Brasil SA

     163,800       2,430,351  
   

 

 

  
      7,739,402  
   

 

 

  

TOTAL PREFERRED STOCKS
(Cost: $6,881,016)

 

     7,739,402  

SHORT-TERM INVESTMENTS — 3.15%

 

MONEY MARKET FUNDS — 3.15%

 

BlackRock Cash Funds: Institutional,
SL Agency Shares

 

0.97%d,e,f

     6,968,426       6,970,517  

BlackRock Cash Funds: Treasury,
SL Agency Shares

 

0.46%d,e

     365,475       365,475  
   

 

 

  
      7,335,992  
   

 

 

  

TOTAL SHORT-TERM INVESTMENTS
(Cost: $7,333,915)

 

     7,335,992  
   

 

 

  
 

 

     4  

Schedule of Investments (Unaudited) (Continued)

iSHARES® EMERGING MARKETS DIVIDEND ETF

January 31, 2017

 

Security  

Value

  

TOTAL INVESTMENTS
IN SECURITIES — 102.81%
(Cost: $232,527,638)g

   $ 239,611,941  

Other Assets, Less Liabilities — (2.81)%

     (6,545,008 ) 
 

 

 

  

NET ASSETS — 100.00%

   $ 233,066,933  
 

 

 

  
 

 

GDR — Global Depositary Receipts

NVDR — Non-Voting Depositary Receipts

 

a  Non-income earning security.
b  All or a portion of this security represents a security on loan.
c  This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933.
d  Affiliated money market fund.
e  The rate quoted is the annualized seven-day yield of the fund at period end.
f  All or a portion of this security represents an investment of securities lending collateral.
g  The cost of investments for federal income tax purposes was $238,765,292. Net unrealized appreciation was $846,649, of which $22,795,338 represented gross unrealized appreciation on securities and $21,948,689 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of January 31, 2017. The breakdown of the Fund’s investments into major categories is disclosed in the schedule of investments above.

 

      Level 1      Level 2      Level 3      Total  

Investments:

            

Assets:

            

Common stocks

    $ 224,469,691      $  —      $ 66,856      $ 224,536,547  

Preferred stocks

      7,739,402        —        —        7,739,402  

Money market funds

      7,335,992        —        —        7,335,992  
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 239,545,085      $ —      $ 66,856      $ 239,611,941  
  

 

 

     

 

 

     

 

 

     

 

 

  
                                     

 

5   

Item 2. Controls and Procedures.

 

  (a) The President (the Registrant’s Principal Executive Officer) and Chief Financial Officer (the Registrant’s Principal Financial Officer) have concluded that, based on their evaluation as of a date within 90 days of the filing date of this report, the disclosure controls and procedures of the Registrant (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are reasonably designed to achieve the purposes described in Section 4(a) of the certifications filed with this Form N-Q.

 

  (b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

 

Item 3. Exhibits.

 

  (a) Certifications of the President (the Registrant’s Principal Executive Officer) and Chief Financial Officer (the Registrant’s Principal Financial Officer) as required by Rule 30a-2(a) under the Investment Company Act of 1940 are filed with this Form N-Q as exhibits.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

iShares, Inc.
By:  

/s/ Martin Small

Martin Small, President (Principal Executive Officer)
Date: March 31, 2017

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

 

By:  

/s/ Martin Small

Martin Small, President (Principal Executive Officer)
Date: March 31, 2017
By:  

/s/ Jack Gee

Jack Gee, Treasurer and Chief Financial Officer (Principal Financial Officer)
Date: March 31, 2017