NPORT-EX 2 iShares_MSCI_France_ETF.htm iShares MSCI France ETF

Schedule of Investments  (unaudited) 

November 30, 2019

   

iShares® MSCI France ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    
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  
   

 

 

  
      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%            

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  
   

 

 

  
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  
   

 

 

  
      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  
   

 

 

  
Security   Shares     Value  
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%            

L’Oreal 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:

 

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 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

    $ 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