NPORT-EX 2 iShares_MSCI_South_Korea_ETF.htm iShares MSCI South Korea ETF

Schedule of Investments  (unaudited) 

November 30, 2019

   

iShares® MSCI South Korea ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    
Aerospace & Defense — 0.5%            

Korea Aerospace Industries Ltd.

     603,241     $ 19,049,985  
   

 

 

  
Air Freight & Logistics — 0.5%            

Hyundai Glovis Co. Ltd.

     153,677       19,581,246  
   

 

 

  
Airlines — 0.3%            

Korean Air Lines Co. Ltd.

     511,597       10,720,083  
   

 

 

  
Auto Components — 3.0%            

Hankook Tire & Technology Co. Ltd.

     617,077       17,371,045  

Hanon Systems

     1,653,615       15,120,046  

Hyundai Mobis Co. Ltd.

     456,303       94,648,635  
   

 

 

  
      127,139,726  
Automobiles — 4.1%            

Hyundai Motor Co.

     1,020,414       104,533,797  

Kia Motors Corp.

     1,820,744       66,669,921  
   

 

 

  
      171,203,718  
Banks — 8.1%            

BNK Financial Group Inc.

     2,501,805       14,742,042  

Hana Financial Group Inc.

     2,034,646       61,582,859  

Industrial Bank of Korea

     2,079,446       20,686,188  

KB Financial Group Inc.

     2,628,275       102,469,681  

Shinhan Financial Group Co. Ltd.

     2,946,182       108,628,223  

Woori Financial Group Inc.

     3,440,221       34,077,455  
   

 

 

  
      342,186,448  
Biotechnology — 2.7%            

Celltrion Inc.(a)(b)

     591,925       87,198,874  

Helixmith Co. Ltd.(a)(b)

     176,372       13,573,394  

Medy-Tox Inc.

     45,636       11,679,942  
   

 

 

  
        112,452,210  
Building Products — 0.3%            

KCC Corp.

     60,873       11,183,542  
   

 

 

  
Capital Markets — 2.0%            

Korea Investment Holdings Co. Ltd.

     339,242       20,593,194  

Meritz Securities Co. Ltd.

     3,218,577       11,581,046  

Mirae Asset Daewoo Co. Ltd.

     3,227,495       19,755,991  

NH Investment & Securities Co. Ltd.

     1,322,286       13,881,680  

Samsung Securities Co. Ltd.

     548,081       16,751,238  
   

 

 

  
      82,563,149  
Chemicals — 3.3%            

Hanwha Chemical Corp.

     953,746       14,171,140  

Kumho Petrochemical Co. Ltd.

     189,520       11,729,172  

LG Chem Ltd.

     306,538       79,544,425  

Lotte Chemical Corp.

     131,750       24,539,644  

OCI Co. Ltd.

     205,937       10,792,448  
   

 

 

  
      140,776,829  
Commercial Services & Supplies — 0.3%  

S-1 Corp.

     164,648       13,047,498  
   

 

 

  
Communications Equipment — 0.3%  

KMW Co. Ltd.(a)

     274,157       10,769,915  
   

 

 

  
Construction & Engineering — 2.2%  

Daelim Industrial Co. Ltd.

     235,117       17,895,287  

Daewoo Engineering & Construction Co.
Ltd.(a)

     2,356,367       8,897,597  

GS Engineering & Construction Corp.

     551,834       14,016,018  

HDC Hyundai Development Co-Engineering & Construction, Class E

     358,676       8,396,386  
Security   Shares     Value  
Construction & Engineering (continued)            

Hyundai Engineering & Construction Co. Ltd.

     614,953     $ 21,320,176  

Samsung Engineering Co. Ltd.(a)

     1,274,296       20,282,576  
   

 

 

  
      90,808,040  
Construction Materials — 0.3%  

POSCO Chemical Co. Ltd.(b)

     272,948       11,115,268  
   

 

 

  
Consumer Finance — 0.2%  

Samsung Card Co. Ltd.

     328,878       10,330,080  
   

 

 

  
Diversified Telecommunication Services — 0.3%  

LG Uplus Corp.

     1,081,747       12,272,285  
   

 

 

  
Electric Utilities — 1.0%            

Korea Electric Power Corp.(a)

     1,803,438       42,599,094  
   

 

 

  
Electronic Equipment, Instruments & Components — 3.5%  

LG Display Co. Ltd.(a)(b)

     1,836,490       22,856,033  

LG Innotek Co. Ltd.

     134,881       13,931,746  

Samsung Electro-Mechanics Co. Ltd.(b)

     400,386       37,626,759  

Samsung SDI Co. Ltd.

     371,134       72,583,460  
   

 

 

  
      146,997,998  
Entertainment — 1.9%            

NCSoft Corp.

     121,581       50,746,673  

Netmarble Corp.(a)(b)(c)

     223,074       16,619,830  

Pearl Abyss Corp.(a)(b)

     68,494       10,745,408  
   

 

 

  
      78,111,911  
Food & Staples Retailing — 1.0%  

BGF retail Co. Ltd.

     79,178       11,261,824  

E-MART Inc.

     171,903       19,065,566  

GS Retail Co. Ltd.

     307,543       9,920,322  
   

 

 

  
        40,247,712  
Food Products — 1.0%            

CJ CheilJedang Corp.

     74,264       15,592,831  

Orion Corp./Republic of Korea

     199,828       17,425,631  

Ottogi Corp.

     17,581       8,290,748  
   

 

 

  
      41,309,210  
Gas Utilities — 0.2%            

Korea Gas Corp.

     309,965       9,814,749  
   

 

 

  
Health Care Providers & Services — 0.4%  

Celltrion Healthcare Co. Ltd.(a)(b)

     420,430       17,530,523  
   

 

 

  
Hotels, Restaurants & Leisure — 0.5%  

Kangwon Land Inc.

     914,872       22,733,347  
   

 

 

  
Household Durables — 1.7%            

LG Electronics Inc.

     745,828       44,137,812  

Woongjin Coway Co. Ltd.

     385,796       29,265,819  
   

 

 

  
      73,403,631  
Industrial Conglomerates — 4.1%  

CJ Corp.

     150,920       11,767,965  

Hanwha Corp.

     475,785       9,889,110  

LG Corp.

     669,783       40,261,265  

Lotte Corp.

     317,695       9,588,813  

Samsung C&T Corp.

     588,168       49,248,457  

SK Holdings Co. Ltd.

     241,003       52,540,552  
   

 

 

  
      173,296,162  
Insurance — 3.0%            

DB Insurance Co. Ltd.

     415,755       19,605,938  

Hanwha Life Insurance Co. Ltd.

     4,312,935       8,361,869  

Hyundai Marine & Fire Insurance Co. Ltd.

     592,422       14,043,784  
 

 

 

1

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® MSCI South Korea ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Insurance (continued)            

Orange Life Insurance Ltd.(c)

     398,291     $ 9,627,235  

Samsung Fire & Marine Insurance Co. Ltd.

     217,340       42,781,653  

Samsung Life Insurance Co. Ltd.

     511,663       31,016,442  
   

 

 

  
      125,436,921  
Interactive Media & Services — 4.3%            

Kakao Corp.

     359,729       47,358,811  

NAVER Corp.

     927,958       135,129,980  
   

 

 

  
      182,488,791  
Internet & Direct Marketing Retail — 0.3%            

CJ ENM Co. Ltd.

     104,352       13,481,874  
   

 

 

  
IT Services — 1.0%            

Samsung SDS Co. Ltd.

     245,975       40,712,960  
   

 

 

  
Leisure Products — 0.8%            

HLB Inc.(a)(b)

     341,324       33,261,137  
   

 

 

  
Life Sciences Tools & Services — 0.9%            

Samsung Biologics Co. Ltd.(a)(b)(c)

     117,495       39,143,447  
   

 

 

  
Machinery — 2.3%            

Daewoo Shipbuilding & Marine Engineering Co. Ltd.(a)

    426,842       9,522,319  

Doosan Bobcat Inc.

     486,233       12,884,979  

Hyundai Heavy Industries Holdings Co. Ltd.

     77,283       22,638,884  

Korea Shipbuilding & Offshore Engineering Co. Ltd.(a)

     291,441       29,609,211  

Samsung Heavy Industries Co. Ltd.(a)

     3,545,571       20,892,498  
   

 

 

  
      95,547,891  
Marine — 0.2%            

Pan Ocean Co. Ltd.(a)

     2,899,573       10,310,466  
   

 

 

  
Media — 0.3%            

Cheil Worldwide Inc.

     664,448       13,304,149  
   

 

 

  
Metals & Mining — 3.4%            

Hyundai Steel Co.

     675,572       18,159,769  

Korea Zinc Co. Ltd.

     66,124       22,728,988  

POSCO

     516,266       100,748,688  
   

 

 

  
      141,637,445  
Multiline Retail — 0.9%            

Hyundai Department Store Co. Ltd.

     157,934       11,124,843  

Lotte Shopping Co. Ltd.

     112,018       12,566,046  

Shinsegae Inc.

     67,008       15,969,819  
   

 

 

  
      39,660,708  
Oil, Gas & Consumable Fuels — 2.2%            

GS Holdings Corp.

     430,824       17,453,269  

SK Innovation Co. Ltd.

     403,465       50,042,435  

S-Oil Corp.

     339,682       25,652,656  
   

 

 

  
      93,148,360  
Personal Products — 2.9%            

Amorepacific Corp.

     232,690       37,233,552  

AMOREPACIFIC Group

     251,178       17,267,624  

LG Household & Health Care Ltd.

     63,141       67,623,388  
   

 

 

  
      122,124,564  
Pharmaceuticals — 0.7%            

Hanmi Pharm Co. Ltd.

     57,334       15,508,795  

Yuhan Corp.

     81,303       14,868,093  
   

 

 

  
      30,376,888  
Road & Rail — 0.3%            

CJ Logistics Corp.(a)

     91,830       12,245,037  
   

 

 

  
Security   Shares     Value  

 

  
Semiconductors & Semiconductor Equipment — 5.8%  

SK Hynix Inc.

     3,604,102     $ 246,854,211  
   

 

 

  
Specialty Retail — 0.4%            

Hotel Shilla Co. Ltd.

     264,262       18,950,168  
   

 

 

  
Technology Hardware, Storage & Peripherals — 21.8%  

Samsung Electronics Co. Ltd.

     21,614,465       920,465,300  
   

 

 

  
Textiles, Apparel & Luxury Goods — 0.4%  

Fila Korea Ltd.(b)

     398,339       17,401,932  
   

 

 

  
Tobacco — 1.5%            

KT&G Corp.

     788,409       65,280,786  
   

 

 

  
Trading Companies & Distributors — 0.2%  

Posco International Corp.

     593,403       9,168,696  
   

 

 

  
Wireless Telecommunication Services — 0.7%  

SK Telecom Co. Ltd.

     149,165       31,066,833  
   

 

 

  

Total Common Stocks — 98.0%
(Cost: $2,553,355,697)

       4,133,312,923  
   

 

 

  

Preferred Stocks

    
Automobiles — 0.8%            

Hyundai Motor Co.

    

Preference Shares, NVS

     218,527       13,339,370  

Series 2, Preference Shares, NVS

     295,121       20,313,539  
   

 

 

  
      33,652,909  
Chemicals — 0.2%            

LG Chem Ltd., Preference Shares, NVS

     79,667       11,263,928  
   

 

 

  
Personal Products — 0.5%            

Amorepacific Corp., Preference Shares, NVS

     116,957       8,693,921  

LG Household & Health Care Ltd., Preference Shares, NVS

     20,483       12,902,131  
   

 

 

  
      21,596,052  
Technology Hardware, Storage & Peripherals — 0.1%  

Samsung Electronics Co. Ltd., Preference Shares, NVS

     102,892       3,558,514  
   

 

 

  

Total Preferred Stocks — 1.6%
(Cost: $58,063,772)

       70,071,403  
   

 

 

  

Rights

    
Personal Products — 0.0%            

AMOREPACIFIC Group,
(Expires 12/06/19)(a)(b)

     17,220       0 (d) 
   

 

 

  

Total Rights — 0.0%
(Cost: $0)

       0 (d) 
   

 

 

  

Short-Term Investments

    
Money Market Funds — 4.2%            

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

     167,142,892       167,209,749  
 

 

 

2

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® MSCI South Korea ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Money Market Funds (continued)            

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

     7,419,000     $ 7,419,000  
   

 

 

  
      174,628,749  
   

 

 

  

Total Short-Term Investments — 4.2%
(Cost: $174,587,490)

 

     174,628,749  
   

 

 

  

Total Investments in Securities — 103.8%
(Cost: $2,786,006,959)

 

     4,378,013,075  

Other Assets, Less Liabilities — (3.8)%

 

     (159,380,609 ) 
   

 

 

  

Net Assets — 100.0%

     $   4,218,632,466  
   

 

 

  

 

(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) 

Rounds to less than $1.

(e) 

Affiliate of the Fund.

(f) 

Annualized 7-day yield as of period-end.

(g) 

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

      202,603,206        (35,460,314 )       167,142,892      $ 167,209,749      $ 2,919,118 (a)     $ (8,585 )     $ (10,588 ) 

BlackRock Cash Funds: Treasury,
SL Agency Shares

      6,894,000        525,000        7,419,000        7,419,000        24,422        —        —  
           

 

 

     

 

 

     

 

 

     

 

 

  
            $ 174,628,749      $ 2,943,540      $ (8,585 )     $ (10,588 ) 
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (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

            

KOSPI 200 Index

      241        12/12/19      $ 14,158      $ 490,999  
           

 

 

  

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.

 

 

3

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® MSCI South Korea ETF

    

 

Fair Value Measurements (continued)

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

    $ 4,133,312,923        $ —      $ —        $ 4,133,312,923  

Preferred Stocks

      70,071,403          —        —          70,071,403  

Rights

      —          0 (a)       —          0 (a) 

Money Market Funds

      174,628,749          —        —          174,628,749  
  

 

 

       

 

 

     

 

 

       

 

 

  
   $ 4,378,013,075        $ 0 (a)     $ —        $ 4,378,013,075  
  

 

 

       

 

 

     

 

 

       

 

 

  

Derivative financial instruments(b)

                

Assets

                

Futures Contracts

    $ 490,999        $ —      $ —        $ 490,999  
  

 

 

       

 

 

     

 

 

       

 

 

  

 

  (a) 

Rounds to less than $1.

 
  (b) 

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

 

 

Portfolio Abbreviations — Equity
NVS    Non-Voting Shares

 

 

4