NPORT-EX 2 iShares_MSCI_Japan_ETF.htm iShares MSCI Japan ETF

Schedule of Investments  (unaudited)

November 30, 2019

   

iShares® MSCI Japan ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    
Air Freight & Logistics — 0.2%  

SG Holdings Co. Ltd.

     552,300     $ 13,243,903  

Yamato Holdings Co. Ltd.

     1,234,500       21,102,949  
   

 

 

  
      34,346,852  
Airlines — 0.2%            

ANA Holdings Inc.

     461,400       15,703,021  

Japan Airlines Co. Ltd.

     462,200       14,358,546  
   

 

 

  
      30,061,567  
Auto Components — 2.4%            

Aisin Seiki Co. Ltd.

     647,900       24,493,708  

Bridgestone Corp.

     2,277,400       90,983,700  

Denso Corp.

     1,726,500       77,062,661  

Koito Manufacturing Co. Ltd.

     416,500       21,450,644  

NGK Spark Plug Co. Ltd.

     627,200       12,548,582  

Stanley Electric Co. Ltd.

     522,100       14,445,832  

Sumitomo Electric Industries Ltd.

     3,007,000       44,867,482  

Sumitomo Rubber Industries Ltd.

     680,200       8,639,925  

Toyoda Gosei Co. Ltd.

     264,700       6,180,604  

Toyota Industries Corp.

     588,600       34,560,296  

Yokohama Rubber Co. Ltd. (The)

     476,200       9,805,780  
   

 

 

  
      345,039,214  
Automobiles — 7.6%            

Honda Motor Co. Ltd.

     6,500,800       182,065,141  

Isuzu Motors Ltd.

     2,221,700       25,978,329  

Mazda Motor Corp.

     2,291,000       20,292,850  

Mitsubishi Motors Corp.

     2,712,900       12,138,809  

Nissan Motor Co. Ltd.

     9,248,200       57,325,159  

Subaru Corp.

     2,452,700       64,201,119  

Suzuki Motor Corp.

     1,468,200       65,104,367  

Toyota Motor Corp.

     9,098,600       634,600,555  

Yamaha Motor Co. Ltd.

     1,115,100       23,287,679  
   

 

 

  
        1,084,994,008  
Banks — 5.6%            

Aozora Bank Ltd.

     473,500       12,054,771  

Bank of Kyoto Ltd. (The)

     209,800       8,649,868  

Chiba Bank Ltd. (The)

     2,177,100       12,405,355  

Concordia Financial Group Ltd.

     4,219,100       17,106,021  

Fukuoka Financial Group Inc.

     684,400       13,030,536  

Japan Post Bank Co. Ltd.

     1,635,100       15,826,920  

Mebuki Financial Group Inc.

     3,580,880       9,253,849  

Mitsubishi UFJ Financial Group Inc.

     49,001,980       258,679,980  

Mizuho Financial Group Inc.

     96,098,380       148,478,184  

Resona Holdings Inc.

     8,334,100       35,319,659  

Seven Bank Ltd.

     2,350,300       7,275,607  

Shinsei Bank Ltd.

     777,400       12,231,396  

Shizuoka Bank Ltd. (The)

     1,808,300       13,755,035  

Sumitomo Mitsui Financial Group Inc.

     5,304,900       193,235,742  

Sumitomo Mitsui Trust Holdings Inc.

     1,321,632       50,531,213  
   

 

 

  
      807,834,136  
Beverages — 1.2%            

Asahi Group Holdings Ltd.

     1,447,200       69,591,409  

Coca-Cola Bottlers Japan Holdings Inc.

     492,900       11,833,021  

Kirin Holdings Co. Ltd.

     3,276,700       72,499,718  

Suntory Beverage & Food Ltd.

     551,100       23,903,981  
   

 

 

  
      177,828,129  
Biotechnology — 0.1%            

PeptiDream Inc.(a)

    367,700       16,889,152  
   

 

 

  
Security   Shares     Value  
Building Products — 1.5%            

AGC Inc./Japan

     713,600     $ 26,032,618  

Daikin Industries Ltd.

     992,400       142,684,120  

LIXIL Group Corp.

     1,065,300       17,996,576  

TOTO Ltd.

     551,900       24,140,270  
   

 

 

  
          210,853,584  
Capital Markets — 1.1%            

Daiwa Securities Group Inc.

     6,148,200       31,159,264  

Japan Exchange Group Inc.

     2,034,700       34,577,451  

Nomura Holdings Inc.

     13,221,900       67,697,191  

SBI Holdings Inc./Japan

     946,510       19,645,852  
   

 

 

  
      153,079,758  
Chemicals — 3.9%            

Air Water Inc.

     599,900       9,630,392  

Asahi Kasei Corp.

     5,029,000       56,462,017  

Daicel Corp.

     992,200       9,748,947  

Hitachi Chemical Co. Ltd.

     420,000       15,110,949  

JSR Corp.

     770,000       13,619,669  

Kansai Paint Co. Ltd.

     702,800       17,699,958  

Kuraray Co. Ltd.

     1,272,800       15,376,809  

Mitsubishi Chemical Holdings Corp.

     5,102,600       37,821,025  

Mitsubishi Gas Chemical Co. Inc.

     650,000       10,161,629  

Mitsui Chemicals Inc.

     713,700       17,094,650  

Nippon Paint Holdings Co. Ltd.

     583,500       31,117,158  

Nissan Chemical Corp.

     497,700       19,701,667  

Nitto Denko Corp.

     625,200       35,053,676  

Shin-Etsu Chemical Co. Ltd.

     1,450,100       155,060,460  

Showa Denko KK

     533,800       14,247,990  

Sumitomo Chemical Co. Ltd.

     5,991,300       27,026,776  

Taiyo Nippon Sanso Corp.

     516,200       11,487,347  

Teijin Ltd.

     707,600       13,304,250  

Toray Industries Inc.

     5,565,400       36,794,353  

Tosoh Corp.

     1,036,300       15,424,792  
   

 

 

  
      561,944,514  
Commercial Services & Supplies — 1.0%  

Dai Nippon Printing Co. Ltd.

     967,700       25,864,833  

Park24 Co. Ltd.

     465,300       11,238,412  

Secom Co. Ltd.

     835,800       71,032,697  

Sohgo Security Services Co. Ltd.

     286,900       14,906,958  

Toppan Printing Co. Ltd.

     1,118,300       22,231,204  
   

 

 

  
      145,274,104  
Construction & Engineering — 0.8%            

JGC Holdings Corp.

     891,300       12,949,122  

Kajima Corp.

     1,790,500       23,593,201  

Obayashi Corp.

     2,587,200       27,405,278  

Shimizu Corp.

     2,386,800       22,841,443  

Taisei Corp.

     806,200       31,619,295  
   

 

 

  
      118,408,339  
Construction Materials — 0.1%            

Taiheiyo Cement Corp.

     481,800       13,924,728  
   

 

 

  
Consumer Finance — 0.2%            

Acom Co. Ltd.

     1,651,400       6,846,275  

AEON Financial Service Co. Ltd.

     449,370       6,791,228  

Credit Saison Co. Ltd.

     625,300       10,335,065  
   

 

 

  
      23,972,568  
Containers & Packaging — 0.1%            

Toyo Seikan Group Holdings Ltd.

     551,800       9,609,009  
   

 

 

  
 

 

 

1

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® MSCI Japan ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Diversified Consumer Services — 0.1%            

Benesse Holdings Inc.

     286,000     $ 7,542,398  
   

 

 

  
Diversified Financial Services — 0.7%            

Mitsubishi UFJ Lease & Finance Co. Ltd.

     1,606,900       10,315,503  

ORIX Corp.

     5,286,900       86,537,926  

Tokyo Century Corp.

     169,500       9,039,174  
   

 

 

  
        105,892,603  
Diversified Telecommunication Services — 0.9%  

Nippon Telegraph & Telephone Corp.

     2,568,500       129,632,906  
   

 

 

  
Electric Utilities — 1.0%            

Chubu Electric Power Co. Inc.

     2,576,700       35,905,800  

Chugoku Electric Power Co. Inc. (The)

     1,109,100       14,654,988  

Kansai Electric Power Co. Inc. (The)

     2,822,500       32,165,829  

Kyushu Electric Power Co. Inc.

     1,525,400       13,427,866  

Tohoku Electric Power Co. Inc.

     1,703,500       16,877,888  

Tokyo Electric Power Co. Holdings Inc.(a)

    6,146,000       26,938,910  
   

 

 

  
      139,971,281  
Electrical Equipment — 1.7%            

Fuji Electric Co. Ltd.

     504,200       15,515,971  

Mitsubishi Electric Corp.

     7,270,900       100,355,815  

Nidec Corp.

     891,000       131,725,779  
   

 

 

  
      247,597,565  
Electronic Equipment, Instruments & Components — 6.1%  

Alps Alpine Co. Ltd.

     827,300       18,667,321  

Hamamatsu Photonics KK

     552,100       22,359,269  

Hirose Electric Co. Ltd.

     132,358       16,268,274  

Hitachi High-Technologies Corp.

     276,700       18,040,709  

Hitachi Ltd.

     3,857,500       151,467,902  

Keyence Corp.

     726,704       248,450,349  

Kyocera Corp.

     1,281,100       87,118,543  

Murata Manufacturing Co. Ltd.

     2,289,700       132,644,113  

Omron Corp.

     771,200       45,281,856  

Shimadzu Corp.

     884,300       26,607,328  

TDK Corp.

     515,300       54,160,378  

Yaskawa Electric Corp.

     957,500       35,148,845  

Yokogawa Electric Corp.

     915,100       16,737,698  
   

 

 

  
      872,952,585  
Entertainment — 1.8%            

Konami Holdings Corp.

     368,500       16,219,249  

Nexon Co. Ltd.(a)

    1,964,400       26,781,565  

Nintendo Co. Ltd.

     445,900       172,439,640  

Square Enix Holdings Co. Ltd.

     366,100       18,086,029  

Toho Co. Ltd./Tokyo

     454,300       18,439,992  
   

 

 

  
      251,966,475  
Equity Real Estate Investment Trusts (REITs) — 1.6%  

Daiwa House REIT Investment Corp.

     7,455       20,381,947  

Japan Prime Realty Investment Corp.

     3,126       14,229,851  

Japan Real Estate Investment Corp.

     5,221       35,518,628  

Japan Retail Fund Investment Corp.

     10,415       23,709,794  

Nippon Building Fund Inc.

     5,312       39,872,742  

Nippon Prologis REIT Inc.

     7,933       21,275,884  

Nomura Real Estate Master Fund Inc.

     16,334       29,801,235  

Orix JREIT Inc.

     10,447       22,962,222  

United Urban Investment Corp.

     11,635       22,630,399  
   

 

 

  
      230,382,702  
Food & Staples Retailing — 1.7%            

Aeon Co. Ltd.

     2,611,200       53,244,540  

FamilyMart Co. Ltd.

     1,009,600       23,822,541  
Security   Shares     Value  
Food & Staples Retailing (continued)            

Lawson Inc.

     198,400     $ 10,797,772  

Seven & i Holdings Co. Ltd.

     3,009,580       112,072,571  

Sundrug Co. Ltd.

     289,200       10,140,882  

Tsuruha Holdings Inc.

     148,300       17,645,411  

Welcia Holdings Co. Ltd.

     185,100       11,341,622  
   

 

 

  
        239,065,339  
Food Products — 1.4%            

Ajinomoto Co. Inc.

     1,754,000       29,214,647  

Calbee Inc.

     325,600       10,480,687  

Kikkoman Corp.

     584,600       29,360,789  

MEIJI Holdings Co. Ltd.

     457,956       31,113,073  

NH Foods Ltd.

     328,100       13,751,977  

Nisshin Seifun Group Inc.

     788,875       14,810,766  

Nissin Foods Holdings Co. Ltd.

     252,900       18,936,901  

Toyo Suisan Kaisha Ltd.

     352,000       15,171,582  

Yakult Honsha Co. Ltd.

     477,000       27,964,022  

Yamazaki Baking Co. Ltd.

     485,300       8,894,138  
   

 

 

  
      199,698,582  
Gas Utilities — 0.5%            

Osaka Gas Co. Ltd.

     1,494,200       27,998,342  

Toho Gas Co. Ltd.

     299,500       11,308,853  

Tokyo Gas Co. Ltd.

     1,497,900       36,172,007  
   

 

 

  
      75,479,202  
Health Care Equipment & Supplies — 2.6%  

Asahi Intecc Co. Ltd.

     779,900       22,718,299  

Hoya Corp.

     1,517,500       138,433,248  

Olympus Corp.

     4,650,400       68,964,018  

Sysmex Corp.

     666,400       46,169,088  

Terumo Corp.

     2,575,900       90,348,205  
   

 

 

  
      366,632,858  
Health Care Providers & Services — 0.3%            

Alfresa Holdings Corp.

     753,500       15,557,150  

Medipal Holdings Corp.

     741,400       15,896,331  

Suzuken Co. Ltd./Aichi Japan

     290,140       12,677,563  
   

 

 

  
      44,131,044  
Health Care Technology — 0.3%            

M3 Inc.

     1,756,800       48,287,535  
   

 

 

  
Hotels, Restaurants & Leisure — 0.9%            

McDonald’s Holdings Co. Japan Ltd.

     268,800       13,279,226  

Oriental Land Co. Ltd./Japan

     798,500       110,430,851  
   

 

 

  
      123,710,077  
Household Durables — 3.8%            

Casio Computer Co. Ltd.

     774,600       14,762,033  

Iida Group Holdings Co. Ltd.

     593,080       10,533,655  

Nikon Corp.

     1,278,100       17,518,292  

Panasonic Corp.

     8,795,415       82,886,205  

Rinnai Corp.

     135,400       10,385,901  

Sekisui Chemical Co. Ltd.

     1,447,600       25,181,974  

Sekisui House Ltd.

     2,476,500       53,482,992  

Sharp Corp./Japan

     848,700       12,818,462  

Sony Corp.

     5,065,800       319,370,680  
   

 

 

  
      546,940,194  
Household Products — 0.6%            

Lion Corp.

     901,600       18,153,849  

Pigeon Corp.(b)

    462,900       21,515,487  

Unicharm Corp.

     1,610,100       52,709,419  
   

 

 

  
      92,378,755  
 

 

 

2

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® MSCI Japan ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Independent Power and Renewable Electricity Producers — 0.1%  

Electric Power Development Co. Ltd.

     588,300     $ 14,101,794  
   

 

 

  
Industrial Conglomerates — 0.6%            

Keihan Holdings Co. Ltd.

     379,600       18,544,973  

Toshiba Corp.

     1,971,800       70,762,250  
   

 

 

  
      89,307,223  
Insurance — 3.0%            

Dai-ichi Life Holdings Inc.

     4,305,400       69,312,576  

Japan Post Holdings Co. Ltd.

     6,274,600       58,958,665  

Japan Post Insurance Co. Ltd.

     896,700       15,418,556  

MS&AD Insurance Group Holdings Inc.

     1,896,140       61,311,586  

Sompo Holdings Inc.

     1,337,450       52,711,480  

Sony Financial Holdings Inc.

     611,000       14,171,674  

T&D Holdings Inc.

     2,218,500       26,092,850  

Tokio Marine Holdings Inc.

     2,545,600       138,356,417  
   

 

 

  
        436,333,804  
Interactive Media & Services — 0.4%            

Kakaku.com Inc.

     541,000       13,047,037  

LINE Corp.(a)

    228,600       10,750,525  

Z Holdings Corp.

     10,563,400       36,365,645  
   

 

 

  
      60,163,207  
Internet & Direct Marketing Retail — 0.3%            

Mercari Inc.(a)(b)

    300,400       6,621,912  

Rakuten Inc.

     3,453,300       29,925,867  

ZOZO Inc.(b)

    441,700       8,788,826  
   

 

 

  
      45,336,605  
IT Services — 1.7%            

Fujitsu Ltd.

     783,400       71,186,315  

GMO Payment Gateway Inc.(b)

    163,248       11,567,934  

Itochu Techno-Solutions Corp.

     380,600       10,158,833  

NEC Corp.

     973,100       38,876,016  

Nomura Research Institute Ltd.

     1,353,012       28,528,031  

NTT Data Corp.

     2,518,800       34,316,954  

Obic Co. Ltd.

     258,100       34,245,211  

Otsuka Corp.

     419,800       16,809,634  
   

 

 

  
      245,688,928  
Leisure Products — 1.0%            

Bandai Namco Holdings Inc.

     797,698       48,345,554  

Sankyo Co. Ltd.

     178,500       6,030,956  

Sega Sammy Holdings Inc.

     687,900       9,918,675  

Shimano Inc.

     297,700       48,116,976  

Yamaha Corp.

     552,000       30,395,032  
   

 

 

  
      142,807,193  
Machinery — 5.1%            

Amada Holdings Co. Ltd.

     1,320,200       14,707,734  

Daifuku Co. Ltd.

     403,200       23,453,420  

FANUC Corp.

     772,200       147,409,743  

Hino Motors Ltd.

     1,168,000       11,422,957  

Hitachi Construction Machinery Co. Ltd.

     432,700       11,403,271  

Hoshizaki Corp.

     213,200       18,631,394  

IHI Corp.

     590,000       13,754,634  

JTEKT Corp.

     842,600       10,464,213  

Kawasaki Heavy Industries Ltd.

     551,900       12,387,638  

Komatsu Ltd.

     3,686,400       86,412,098  

Kubota Corp.

     4,180,500       64,457,805  

Kurita Water Industries Ltd.

     393,200       10,987,051  

Makita Corp.

     875,500       28,940,827  

MINEBEA MITSUMI Inc.

     1,450,400       28,131,217  

MISUMI Group Inc.

     1,131,300       27,995,827  
Security   Shares     Value  
Machinery (continued)            

Mitsubishi Heavy Industries Ltd.

     1,279,300     $ 48,924,376  

Nabtesco Corp.

     452,500       13,883,664  

NGK Insulators Ltd.

     1,061,700       17,499,484  

NSK Ltd.

     1,451,100       14,019,394  

SMC Corp./Japan

     227,900       103,242,800  

Sumitomo Heavy Industries Ltd.

     443,900       12,687,490  

THK Co. Ltd.

     481,600       13,523,149  
   

 

 

  
        734,340,186  
Marine — 0.2%            

Mitsui OSK Lines Ltd.

     460,900       12,079,107  

Nippon Yusen KK

     609,900       10,464,817  
   

 

 

  
      22,543,924  
Media — 0.4%            

CyberAgent Inc.

     402,700       13,900,155  

Dentsu Inc.

     859,500       31,158,936  

Hakuhodo DY Holdings Inc.

     929,900       15,021,396  
   

 

 

  
      60,080,487  
Metals & Mining — 0.9%            

Hitachi Metals Ltd.

     872,900       12,211,513  

JFE Holdings Inc.

     1,981,250       25,238,277  

Maruichi Steel Tube Ltd.

     221,900       6,382,842  

Mitsubishi Materials Corp.

     449,100       11,991,310  

Nippon Steel Corp.

     3,217,770       47,174,959  

Sumitomo Metal Mining Co. Ltd.

     930,600       28,178,884  
   

 

 

  
      131,177,785  
Multiline Retail — 0.6%            

Isetan Mitsukoshi Holdings Ltd.

     1,349,060       12,011,081  

J Front Retailing Co. Ltd.

     920,200       12,083,349  

Marui Group Co. Ltd.

     763,100       18,354,538  

Pan Pacific International Holdings Corp.

     1,766,800       28,621,160  

Ryohin Keikaku Co. Ltd.

     944,600       21,503,861  
   

 

 

  
      92,573,989  
Oil, Gas & Consumable Fuels — 0.8%  

Idemitsu Kosan Co. Ltd.

     784,529       21,406,015  

Inpex Corp.

     4,078,000       39,808,072  

JXTG Holdings Inc.

     12,604,395       56,006,745  
   

 

 

  
      117,220,832  
Paper & Forest Products — 0.1%            

Oji Holdings Corp.

     3,486,100       19,896,014  
   

 

 

  
Personal Products — 2.2%            

Kao Corp.

     1,920,100       150,999,007  

Kobayashi Pharmaceutical Co. Ltd.

     195,200       16,006,721  

Kose Corp.

     134,900       21,471,162  

Pola Orbis Holdings Inc.

     364,000       8,967,875  

Shiseido Co. Ltd.

     1,596,800       115,265,309  
   

 

 

  
      312,710,074  
Pharmaceuticals — 6.6%            

Astellas Pharma Inc.

     7,518,650       128,217,321  

Chugai Pharmaceutical Co. Ltd.

     892,000       77,853,493  

Daiichi Sankyo Co. Ltd.

     2,262,569       141,774,710  

Eisai Co. Ltd.

     1,003,400       74,308,958  

Hisamitsu Pharmaceutical Co. Inc.

     207,000       10,150,580  

Kyowa Kirin Co. Ltd.

     968,000       20,533,869  

Mitsubishi Tanabe Pharma Corp.

     900,500       16,470,656  

Nippon Shinyaku Co. Ltd.

     181,800       16,402,009  

Ono Pharmaceutical Co. Ltd.

     1,515,400       33,972,304  

Otsuka Holdings Co. Ltd.

     1,561,200       68,059,253  
 

 

 

3

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® MSCI Japan ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Pharmaceuticals (continued)            

Santen Pharmaceutical Co. Ltd.

     1,433,600     $ 26,836,636  

Shionogi & Co. Ltd.

     1,077,600       63,351,190  

Sumitomo Dainippon Pharma Co. Ltd.

     633,800       11,962,968  

Taisho Pharmaceutical Holdings Co. Ltd.

     135,700       10,012,382  

Takeda Pharmaceutical Co. Ltd.

     5,933,600       241,386,065  
   

 

 

  
        941,292,394  
Professional Services — 1.4%            

Persol Holdings Co. Ltd.

     703,600       12,933,493  

Recruit Holdings Co. Ltd.

     5,393,900       195,147,765  
   

 

 

  
      208,081,258  
Real Estate Management & Development — 2.6%  

Aeon Mall Co. Ltd.

     390,100       6,265,966  

Daito Trust Construction Co. Ltd.

     288,400       35,250,059  

Daiwa House Industry Co. Ltd.

     2,259,200       69,090,136  

Hulic Co. Ltd.

     1,091,700       12,271,781  

Mitsubishi Estate Co. Ltd.

     4,710,400       86,306,434  

Mitsui Fudosan Co. Ltd.

     3,559,100       88,498,122  

Nomura Real Estate Holdings Inc.

     498,100       12,030,632  

Sumitomo Realty & Development Co. Ltd.

     1,327,200       46,223,548  

Tokyu Fudosan Holdings Corp.

     2,472,600       16,956,649  
   

 

 

  
      372,893,327  
Road & Rail — 4.2%            

Central Japan Railway Co.

     574,600       115,932,673  

East Japan Railway Co.

     1,198,700       110,226,546  

Hankyu Hanshin Holdings Inc.

     916,300       39,326,180  

Keikyu Corp.

     896,800       18,433,904  

Keio Corp.

     409,900       26,276,121  

Keisei Electric Railway Co. Ltd.

     513,000       21,127,112  

Kintetsu Group Holdings Co. Ltd.

     681,500       38,521,459  

Kyushu Railway Co.

     637,500       21,684,663  

Nagoya Railroad Co. Ltd.

     741,800       23,606,730  

Nippon Express Co. Ltd.

     312,300       19,791,453  

Odakyu Electric Railway Co. Ltd.

     1,173,200       28,829,159  

Seibu Holdings Inc.

     794,700       13,998,505  

Tobu Railway Co. Ltd.

     765,200       27,984,896  

Tokyu Corp.

     1,991,700       39,266,554  

West Japan Railway Co.

     647,900       57,015,910  
   

 

 

  
      602,021,865  
Semiconductors & Semiconductor Equipment — 1.8%  

Advantest Corp.

     794,900       38,834,034  

Disco Corp.

     107,500       23,186,467  

Renesas Electronics Corp.(a)

    3,011,700       19,608,639  

Rohm Co. Ltd.

     374,200       31,436,764  

SUMCO Corp.

     993,500       15,341,142  

Tokyo Electron Ltd.

     625,252       129,035,661  
   

 

 

  
      257,442,707  
Software — 0.3%            

Oracle Corp. Japan

     153,100       14,078,321  

Trend Micro Inc./Japan

     508,800       27,458,753  
   

 

 

  
      41,537,074  
Specialty Retail — 1.8%            

ABC-Mart Inc.

     133,300       8,873,683  

Fast Retailing Co. Ltd.

     232,200       141,406,429  

Hikari Tsushin Inc.

     84,900       19,784,933  

Nitori Holdings Co. Ltd.

     320,000       50,114,145  

Shimamura Co. Ltd.

     88,500       7,095,516  

USS Co. Ltd.

     891,200       17,268,984  
Security   Shares     Value  
Specialty Retail (continued)            

Yamada Denki Co. Ltd.

     2,559,400     $ 12,760,774  
   

 

 

  
      257,304,464  
Technology Hardware, Storage & Peripherals — 1.8%  

Brother Industries Ltd.

     901,800       17,869,656  

Canon Inc.

     3,993,350       110,490,827  

FUJIFILM Holdings Corp.

     1,438,100       67,919,397  

Konica Minolta Inc.

     1,839,800       12,045,810  

Ricoh Co. Ltd.

     2,671,400       27,492,172  

Seiko Epson Corp.

     1,114,400       16,953,615  
   

 

 

  
      252,771,477  
Tobacco — 0.8%            

Japan Tobacco Inc.

     4,790,500       109,121,562  
   

 

 

  
Trading Companies & Distributors — 3.7%  

ITOCHU Corp.

     5,349,800       116,658,957  

Marubeni Corp.

     6,231,500       45,989,392  

Mitsubishi Corp.

     5,387,900       141,007,409  

Mitsui & Co. Ltd.

     6,604,100       116,963,309  

MonotaRO Co. Ltd.(b)

    499,000       14,034,517  

Sumitomo Corp.

     4,734,500       71,292,033  

Toyota Tsusho Corp.

     846,300       29,559,835  
   

 

 

  
      535,505,452  
Transportation Infrastructure — 0.1%            

Japan Airport Terminal Co. Ltd.

     198,300       10,303,415  

Kamigumi Co. Ltd.

     433,400       9,601,209  
   

 

 

  
      19,904,624  
Wireless Telecommunication Services — 4.7%  

KDDI Corp.

     7,037,200       201,714,645  

NTT DOCOMO Inc.

     5,322,400       145,951,668  

Softbank Corp.

     6,700,300       90,919,969  

SoftBank Group Corp.

     6,243,800       242,488,188  
   

 

 

  
      681,074,470  
   

 

 

  

Total Common Stocks — 99.2%
(Cost: $14,834,338,055)

 

     14,259,554,482  
   

 

 

  

Short-Term Investments

    
Money Market Funds — 0.2%            

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

    19,583,029       19,590,862  

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

    6,745,000       6,745,000  
   

 

 

  
      26,335,862  
   

 

 

  

Total Short-Term Investments — 0.2%
(Cost: $26,329,716)

 

     26,335,862  
   

 

 

  

Total Investments in Securities — 99.4%
(Cost: $14,860,667,771)

 

     14,285,890,344  

Other Assets, Less Liabilities — 0.6%

 

     87,547,935  
   

 

 

  

Net Assets — 100.0%

 

   $  14,373,438,279  
   

 

 

  

 

(a) 

Non-income producing security.

(b) 

All or a portion of this security is on loan.

(c) 

Affiliate of the Fund.

(d) 

Annualized 7-day yield as of period-end.

(e) 

All or a portion of this security was purchased with cash collateral received from loaned securities.

 

 

 

4

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® MSCI Japan ETF

 

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

      53,752,562        (34,169,533 )       19,583,029      $ 19,590,862      $ 85,347 (a)     $ 4,080      $ (6,097 ) 

BlackRock Cash Funds: Treasury,
SL Agency Shares

      5,212,000        1,533,000        6,745,000        6,745,000        21,438        —        —  
           

 

 

     

 

 

     

 

 

     

 

 

  
            $ 26,335,862      $ 106,785      $ 4,080      $ (6,097 ) 
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (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

            

TOPIX Index

      715        12/12/19      $ 110,799      $ 5,790,383  
           

 

 

  

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

    $ 14,259,554,482        $ —        $ —        $ 14,259,554,482  

Money Market Funds

      26,335,862          —          —          26,335,862  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 14,285,890,344        $ —        $ —        $ 14,285,890,344  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative financial instruments(a)

                 

Assets

                  

Futures Contracts

    $ 5,790,383        $ —        $ —        $ 5,790,383  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

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

 

 

 

5