iShares MSCI France ETF
|
|
|
Schedule of Investments (unaudited)
November 30, 2019 |
|
iShares® MSCI France ETF
(Percentages shown are based on Net Assets) |
|
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|
Security |
|
Shares |
|
|
Value |
|
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|
|
Common Stocks |
|
|
|
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|
|
|
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|
|
Aerospace & Defense 9.3% |
|
|
|
|
|
|
Airbus SE |
|
|
400,941 |
|
|
$ |
58,973,159 |
|
Dassault Aviation SA |
|
|
1,727 |
|
|
|
2,351,675 |
|
Safran SA |
|
|
224,650 |
|
|
|
36,770,939 |
|
Thales SA |
|
|
73,324 |
|
|
|
7,188,921 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
105,284,694 |
|
|
Air Freight & Logistics 0.2% |
|
Bollore SA
|
|
|
606,614 |
|
|
|
2,595,149 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Auto Components 2.1% |
|
|
|
|
|
|
Cie. Generale des Etablissements Michelin SCA |
|
|
117,424 |
|
|
|
14,099,472 |
|
Faurecia SE |
|
|
52,202 |
|
|
|
2,770,839 |
|
Valeo SA |
|
|
165,168 |
|
|
|
6,512,407 |
|
|
|
|
|
|
|
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|
|
|
|
|
|
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|
23,382,718 |
|
|
|
|
Automobiles 1.4% |
|
|
|
|
|
|
Peugeot SA |
|
|
404,757 |
|
|
|
9,782,571 |
|
Renault SA |
|
|
132,329 |
|
|
|
6,340,345 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,122,916 |
|
|
|
|
Banks 6.3% |
|
|
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|
|
|
BNP Paribas SA |
|
|
772,099 |
|
|
|
43,391,605 |
|
Credit Agricole SA |
|
|
792,566 |
|
|
|
10,849,264 |
|
Societe Generale SA |
|
|
556,850 |
|
|
|
17,535,353 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
71,776,222 |
|
|
|
|
Beverages 2.5% |
|
|
|
|
|
|
Pernod Ricard SA |
|
|
145,746 |
|
|
|
26,788,620 |
|
Remy Cointreau SA |
|
|
15,525 |
|
|
|
2,001,079 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,789,699 |
|
|
|
|
Building Products 1.2% |
|
|
|
|
|
|
Cie. de Saint-Gobain |
|
|
338,176 |
|
|
|
13,703,081 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Markets 0.5% |
|
|
|
|
|
|
Amundi SA(a) |
|
|
41,450 |
|
|
|
3,139,781 |
|
Natixis SA |
|
|
653,025 |
|
|
|
2,731,057 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,870,838 |
|
|
|
|
Chemicals 4.3% |
|
|
|
|
|
|
Air Liquide SA |
|
|
324,337 |
|
|
|
44,004,410 |
|
Arkema SA |
|
|
47,323 |
|
|
|
4,907,896 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
48,912,306 |
|
|
Commercial Services & Supplies 0.7% |
|
Edenred |
|
|
167,051 |
|
|
|
8,297,781 |
|
|
|
|
|
|
|
|
|
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Construction & Engineering 4.5% |
|
Bouygues SA |
|
|
153,177 |
|
|
|
6,262,552 |
|
Eiffage SA |
|
|
53,591 |
|
|
|
5,855,765 |
|
Vinci SA |
|
|
350,891 |
|
|
|
38,294,620 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50,412,937 |
|
|
Diversified Financial Services 0.4% |
|
Eurazeo SE |
|
|
27,690 |
|
|
|
1,888,342 |
|
Wendel SA |
|
|
18,524 |
|
|
|
2,497,925 |
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
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|
4,386,267 |
|
|
Diversified Telecommunication Services 2.2% |
|
Iliad SA |
|
|
18,312 |
|
|
|
2,333,049 |
|
Orange SA |
|
|
1,369,372 |
|
|
|
22,648,049 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,981,098 |
|
|
Electric Utilities 0.4% |
|
Electricite de France SA |
|
|
419,126 |
|
|
|
4,308,886 |
|
|
|
|
|
|
|
|
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|
|
|
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Security |
|
Shares |
|
|
Value |
|
|
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|
Electrical Equipment 4.5% |
|
|
|
|
|
|
Legrand SA |
|
|
183,390 |
|
|
$ |
14,494,116 |
|
Schneider Electric SE |
|
|
379,761 |
|
|
|
36,680,273 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
51,174,389 |
|
|
Electronic Equipment, Instruments & Components 0.4% |
|
Ingenico Group SA |
|
|
41,306 |
|
|
|
4,411,392 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Entertainment 1.7% |
|
|
|
|
|
|
Ubisoft Entertainment SA(b) |
|
|
57,416 |
|
|
|
3,488,210 |
|
Vivendi SA |
|
|
586,592 |
|
|
|
16,117,670 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,605,880 |
|
|
Equity Real Estate Investment Trusts (REITs) 2.7% |
|
Covivio |
|
|
32,920 |
|
|
|
3,644,279 |
|
Gecina SA |
|
|
31,408 |
|
|
|
5,430,058 |
|
ICADE |
|
|
20,605 |
|
|
|
2,064,028 |
|
Klepierre SA |
|
|
136,732 |
|
|
|
4,910,277 |
|
Unibail-Rodamco-Westfield |
|
|
94,834 |
|
|
|
14,837,631 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,886,273 |
|
|
Food & Staples Retailing 0.8% |
|
Carrefour SA |
|
|
415,867 |
|
|
|
6,868,855 |
|
Casino Guichard Perrachon SA |
|
|
37,648 |
|
|
|
1,657,937 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,526,792 |
|
|
|
|
Food Products 3.1% |
|
|
|
|
|
|
Danone SA |
|
|
424,280 |
|
|
|
34,954,856 |
|
|
|
|
|
|
|
|
|
|
|
Health Care Equipment & Supplies 0.2% |
|
BioMerieux |
|
|
28,629 |
|
|
|
2,590,018 |
|
|
|
|
|
|
|
|
|
|
|
Hotels, Restaurants & Leisure 1.1% |
|
Accor SA |
|
|
120,567 |
|
|
|
5,161,952 |
|
Sodexo SA(c) |
|
|
60,923 |
|
|
|
7,106,979 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,268,931 |
|
|
Household Durables 0.2% |
|
SEB SA |
|
|
15,582 |
|
|
|
2,422,481 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Insurance 3.8% |
|
|
|
|
|
|
AXA SA |
|
|
1,327,145 |
|
|
|
36,136,451 |
|
CNP Assurances |
|
|
118,459 |
|
|
|
2,340,583 |
|
SCOR SE |
|
|
108,787 |
|
|
|
4,676,795 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
43,153,829 |
|
|
|
|
IT Services 2.0% |
|
|
|
|
|
|
Atos SE |
|
|
67,214 |
|
|
|
5,712,412 |
|
Capgemini SE |
|
|
108,984 |
|
|
|
12,899,797 |
|
Worldline SA/France(a)(b) |
|
|
68,995 |
|
|
|
4,469,342 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23,081,551 |
|
|
Life Sciences Tools & Services 0.6% |
|
Eurofins Scientific SE |
|
|
7,895 |
|
|
|
4,148,817 |
|
Sartorius Stedim Biotech |
|
|
19,063 |
|
|
|
3,028,819 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,177,636 |
|
|
Machinery 0.5% |
|
Alstom SA |
|
|
130,918 |
|
|
|
5,713,382 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Media 1.2% |
|
|
|
|
|
|
Eutelsat Communications SA |
|
|
117,893 |
|
|
|
1,935,534 |
|
JCDecaux SA |
|
|
58,470 |
|
|
|
1,676,195 |
|
Publicis Groupe SA |
|
|
148,593 |
|
|
|
6,543,717 |
|
SES SA |
|
|
250,962 |
|
|
|
3,332,981 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,488,427 |
|
|
Metals & Mining 0.7% |
|
ArcelorMittal |
|
|
456,574 |
|
|
|
7,817,084 |
|
|
|
|
|
|
|
|
|
|
1
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2019 |
|
iShares® MSCI France ETF
(Percentages shown are based on Net Assets) |
|
|
|
|
|
|
|
|
|
Security |
|
Shares |
|
|
Value |
|
|
|
|
Multi-Utilities 2.9% |
|
|
|
|
|
|
Engie SA |
|
|
1,253,502 |
|
|
$ |
19,847,123 |
|
Suez |
|
|
234,945 |
|
|
|
3,480,342 |
|
Veolia Environnement SA |
|
|
369,742 |
|
|
|
9,474,429 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,801,894 |
|
|
|
|
Oil, Gas & Consumable Fuels 7.6% |
|
|
|
|
|
|
TOTAL SA |
|
|
1,648,533 |
|
|
|
86,593,938 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Personal Products 4.4% |
|
|
|
|
|
|
LOreal SA |
|
|
173,515 |
|
|
|
49,493,885 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Pharmaceuticals 6.6% |
|
|
|
|
|
|
Ipsen SA |
|
|
25,970 |
|
|
|
2,935,039 |
|
Sanofi |
|
|
774,012 |
|
|
|
72,123,017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
75,058,056 |
|
|
|
|
Professional Services 1.3% |
|
|
|
|
|
|
Bureau Veritas SA |
|
|
201,776 |
|
|
|
5,286,084 |
|
Teleperformance |
|
|
40,268 |
|
|
|
9,545,894 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,831,978 |
|
|
Semiconductors & Semiconductor Equipment 1.0% |
|
STMicroelectronics NV |
|
|
469,979 |
|
|
|
11,555,837 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Software 1.3% |
|
|
|
|
|
|
Dassault Systemes SE |
|
|
90,437 |
|
|
|
14,259,368 |
|
|
|
|
|
|
|
|
|
|
|
Textiles, Apparel & Luxury Goods 14.4% |
|
EssilorLuxottica SA |
|
|
194,603 |
|
|
|
30,254,274 |
|
Hermes International |
|
|
21,719 |
|
|
|
16,284,215 |
|
Kering SA |
|
|
52,006 |
|
|
|
31,348,778 |
|
LVMH Moet Hennessy Louis Vuitton SE |
|
|
190,942 |
|
|
|
85,749,968 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
163,637,235 |
|
|
|
|
Transportation Infrastructure 0.8% |
|
|
|
|
|
|
Aeroports de Paris |
|
|
20,440 |
|
|
|
4,000,344 |
|
|
|
|
|
|
|
|
|
|
Security |
|
Shares |
|
|
Value |
|
|
|
|
Transportation Infrastructure (continued) |
|
|
|
|
|
|
Getlink SE |
|
|
301,846 |
|
|
$ |
5,095,405 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,095,749 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stocks 99.8% (Cost: $1,148,950,292) |
|
|
|
|
|
|
1,133,425,453 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-Term Investments |
|
|
|
|
|
|
|
|
|
|
|
Money Market Funds 0.1% |
|
|
|
|
|
|
BlackRock Cash Funds: Institutional, SL Agency Shares, 1.82%(d)(e)(f) |
|
|
7,032 |
|
|
|
7,034 |
|
BlackRock Cash Funds: Treasury, SL Agency Shares, 1.57%(d)(e) |
|
|
488,000 |
|
|
|
488,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
495,034 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments 0.1% (Cost: $495,032) |
|
|
|
|
|
|
495,034 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments in Securities 99.9% (Cost: $1,149,445,324) |
|
|
|
|
|
|
1,133,920,487 |
|
|
|
|
Other Assets, Less Liabilities 0.1% |
|
|
|
|
|
|
1,624,752 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Assets 100.0% |
|
|
|
|
|
$ |
1,135,545,239 |
|
|
|
|
|
|
|
|
|
|
(a) |
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. |
(b) |
Non-income producing security. |
(c) |
All or a portion of this security is on loan. |
(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:
|
|
|
|
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|
|
|
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|
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|
|
|
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|
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|
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|
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 |
|
|
9,131,775 |
|
|
|
(9,124,743 |
) |
|
|
7,032 |
|
|
$ |
7,034 |
|
|
$ |
108,991 |
(a) |
|
$ |
419 |
|
|
$ |
(369 |
) |
BlackRock Cash Funds: Treasury, SL Agency Shares |
|
|
436,000 |
|
|
|
52,000 |
|
|
|
488,000 |
|
|
|
488,000 |
|
|
|
2,166 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
495,034 |
|
|
$ |
111,157 |
|
|
$ |
419 |
|
|
$ |
(369 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAC 40 Index |
|
|
30 |
|
|
|
12/20/19 |
|
|
$ |
1,951 |
|
|
$ |
(719 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
Schedule of Investments (unaudited) (continued)
November 30, 2019 |
|
iShares® MSCI France ETF
|
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 Funds policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the
Funds 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 Funds
investments according to the fair value hierarchy as of November 30, 2019. The breakdown of the Funds investments into major categories is disclosed in the Schedule of Investments above.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stocks |
|
$ |
1,133,425,453 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
1,133,425,453 |
|
Money Market Funds |
|
|
495,034 |
|
|
|
|
|
|
|
|
|
|
|
495,034 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,133,920,487 |
|
|
$ |
|
|
|
$ |
|
|
|
$ |
1,133,920,487 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Futures Contracts |
|
$ |
(719 |
) |
|
$ |
|
|
|
$ |
|
|
|
$ |
(719 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a) |
Shown at the unrealized appreciation (depreciation) on the contracts. |
|
3