NPORT-EX 2 iShares_MSCI_Belgium_ETF.htm iShares MSCI Belgium ETF

Schedule of Investments  (unaudited) 

November 30, 2019

   

iShares® MSCI Belgium ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    

Air Freight & Logistics — 0.8%

    

bpost SA

     36,008     $ 426,206  
   

 

 

  
Banks — 9.4%            

KBC Group NV

     66,666       4,861,683  
   

 

 

  
Beverages — 22.3%            

Anheuser-Busch InBev SA/NV

     144,943       11,485,846  
   

 

 

  
Biotechnology — 8.1%            

Argenx SE(a)

     12,080       1,798,121  

Galapagos NV(a)(b)

     12,152       2,396,375  
   

 

 

  
          4,194,496  
Capital Markets — 0.8%            

Gimv NV

     6,945       424,229  
   

 

 

  
Chemicals — 10.1%            

Recticel SA

     23,635       207,698  

Solvay SA

     20,219       2,318,521  

Tessenderlo Group SA(a)

     10,212       356,371  

Umicore SA

     53,917       2,317,318  
   

 

 

  
          5,199,908  
Construction & Engineering — 0.6%  

Cie. d’Entreprises CFE

     3,204       299,576  
   

 

 

  
Distributors — 1.0%            

D’ieteren SA/NV

     8,359       539,173  
   

 

 

  
Diversified Financial Services — 9.6%        

Ackermans & van Haaren NV

     6,981       1,050,675  

Groupe Bruxelles Lambert SA

     22,365       2,271,154  

KBC Ancora

     12,666       622,025  

Sofina SA

     4,629       1,004,455  
   

 

 

  
          4,948,309  
Diversified Telecommunication Services — 2.6%  

Proximus SADP

     44,245       1,335,721  
   

 

 

  
Electric Utilities — 1.4%            

Elia System Operator SA/NV

     8,651       715,395  
   

 

 

  
Electronic Equipment, Instruments & Components — 1.3%  

Barco NV

     2,944       680,048  
   

 

 

  
Entertainment — 0.7%            

Kinepolis Group NV

     5,718       384,585  
   

 

 

  
Equity Real Estate Investment Trusts (REITs) — 8.5%  

Aedifica SA

     7,461       913,142  

Befimmo SA

     7,762       500,665  

Cofinimmo SA

     7,089       1,048,952  

Intervest Offices & Warehouses NV

     8,969       269,481  

Montea CVA

     4,224       368,399  

Retail Estates NV

     3,520       345,811  

Warehouses De Pauw CVA

     5,293       937,272  
   

 

 

  
          4,383,722  
Food & Staples Retailing — 1.7%  

Colruyt SA

     16,812       871,235  
   

 

 

  
Health Care Equipment & Supplies — 0.7%        

Biocartis NV(a)(b)(c)

     24,638       165,712  

Ion Beam Applications(a)(b)

     12,811       195,072  
   

 

 

  
          360,784  
Security   Shares     Value  
Health Care Providers & Services — 0.9%        

Fagron

     22,082     $ 451,161  
   

 

 

  
Health Care Technology — 0.6%        

AGFA-Gevaert NV(a)

     64,983       333,174  
   

 

 

  
Insurance — 5.7%            

Ageas

     48,579       2,918,124  
   

 

 

  
IT Services — 0.4%            

Econocom Group SA/NV

     75,909       197,023  
   

 

 

  
Media — 1.3%            

Telenet Group Holding NV(a)

     14,746       665,966  
   

 

 

  
Metals & Mining — 0.7%            

Bekaert SA

     13,481       354,659  
   

 

 

  
Oil, Gas & Consumable Fuels — 1.5%  

Euronav NV

     57,385       625,767  

Exmar NV(a)

     27,443       163,094  
   

 

 

  
          788,861  
Personal Products — 0.9%            

Ontex Group NV

     24,534       467,174  
   

 

 

  
Pharmaceuticals — 5.9%            

Mithra Pharmaceuticals SA(a)(b)

     7,815       239,203  

UCB SA

     34,362       2,787,008  
   

 

 

  
          3,026,211  
Semiconductors & Semiconductor Equipment — 1.0%  

Melexis NV

     6,905       504,011  
   

 

 

  
Textiles, Apparel & Luxury Goods — 0.6%        

Sioen Industries NV

     6,268       147,552  

Van de Velde NV

     5,993       169,162  
   

 

 

  
          316,714  
Wireless Telecommunication Services — 0.6%  

Orange Belgium SA

     13,475       299,379  
   

 

 

  

Total Common Stocks — 99.7%
(Cost: $55,744,862)

 

       51,433,373  
   

 

 

  

Short-Term Investments

    

Money Market Funds — 5.7%

    

BlackRock Cash Funds: Institutional,
SL Agency Shares,
    1.82%(d)(e)(f)

     2,927,152       2,928,322  

BlackRock Cash Funds: Treasury,
SL Agency Shares,
    1.57%(d)(e)

     20,000       20,000  
   

 

 

  
          2,948,322  
   

 

 

  

Total Short-Term Investments — 5.7%
(Cost: $2,948,252)

 

     2,948,322  
   

 

 

  

Total Investments in Securities — 105.4%
(Cost: $58,693,114)

 

     54,381,695  

Other Assets, Less Liabilities — (5.4)%

 

     (2,798,762 ) 
   

 

 

  

Net Assets — 100.0%

     $ 51,582,933  
   

 

 

  

 

(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.

 

 

 

1

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® MSCI Belgium ETF

 

(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 cash collateral received from loaned securities.

    

 

 

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended November 30, 2019, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer   

Shares

Held at
08/31/19

      Net Activity      Shares
Held at
11/30/19		      Value at
11/30/19		      Income      Net Realized
Gain (Loss)		     

Change in

Unrealized
Appreciation

(Depreciation)

  

BlackRock Cash Funds: Institutional,
SL Agency Shares

      1,699,780        1,227,372        2,927,152      $ 2,928,322      $ 10,842 (a)     $ 154      $ (346 ) 

BlackRock Cash Funds: Treasury,
SL Agency Shares

      19,000        1,000        20,000        20,000        82        —        —  
           

 

 

     

 

 

     

 

 

     

 

 

  
            $ 2,948,322      $ 10,924      $ 154      $ (346 ) 
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a)

Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent.

 

Futures Contracts

 

Description    Number of
Contracts		      Expiration
Date		      Notional
Amount
(000)		      Value/
Unrealized
Appreciation
(Depreciation)		  

Long Contracts

            

Euro STOXX 50 Index

      3        12/20/19      $ 122      $ 193  
           

 

 

  

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 iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of November 30, 2019. 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

    $ 51,433,373        $ —        $ —        $ 51,433,373  

Money Market Funds

      2,948,322          —          —          2,948,322  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 54,381,695        $ —        $ —        $ 54,381,695  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative financial instruments(a)

                  

Assets

                  

Futures Contracts

    $ 193        $ —        $ —        $ 193  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

Shown at the unrealized appreciation (depreciation) on the contracts.

 

 

 

2