0001752724-20-015420.txt : 20200128 0001752724-20-015420.hdr.sgml : 20200128 20200128165330 ACCESSION NUMBER: 0001752724-20-015420 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20191130 FILED AS OF DATE: 20200128 PERIOD START: 20200831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iShares, Inc. CENTRAL INDEX KEY: 0000930667 IRS NUMBER: 510396525 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-09102 FILM NUMBER: 20555183 BUSINESS ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: (415) 670-2000 MAIL ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: iSHARES INC DATE OF NAME CHANGE: 20070126 FORMER COMPANY: FORMER CONFORMED NAME: ISHARES INC DATE OF NAME CHANGE: 20000516 FORMER COMPANY: FORMER CONFORMED NAME: WEBS INDEX FUND INC DATE OF NAME CHANGE: 19970211 0000930667 S000004264 iShares MSCI Brazil ETF C000011968 iShares MSCI Brazil ETF EWZ NPORT-P 1 primary_doc.xml NPORT-P false 0000930667 XXXXXXXX S000004264 C000011968 iShares, Inc. 811-09102 0000930667 549300MGJZCNMJLBAJ67 400 HOWARD STREET SAN FRANCISCO 94105 800-474-2737 iShares MSCI Brazil ETF S000004264 5493006D2L7KY3ZDF809 2020-08-31 2019-11-30 N 9342794289.21 4211046.91 9338583242.30 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 23337710.36000000 N Ultrapar Participacoes SA N/A Ultrapar Participacoes SA 000000000 18920510.00000000 NS 97593908.45000000 1.045061182385 Long EC CORP BR N 1 N N N Embraer SA 549300EM51WYXFHUY333 Embraer SA 000000000 17796187.00000000 NS 75758902.16000000 0.811246205065 Long EC CORP BR N 1 N N N BRF SA 254900MTXR9LUVQFU480 BRF SA 000000000 14473750.00000000 NS 125284215.88000000 1.341576260866 Long EC CORP BR N 1 N N N Localiza Rent a Car SA N/A Localiza Rent a Car SA 000000000 14511431.00000000 NS 154576272.32000000 1.655243288080 Long EC CORP BR N 1 N N N JBS SA N/A JBS SA 000000000 26560007.00000000 NS 178896719.57000000 1.915673019432 Long EC CORP BR N 1 N N N Klabin SA N/A Klabin SA 000000000 19187800.00000000 NS 80412415.39000000 0.861077245912 Long EC CORP BR N 1 N N N Rumo SA N/A Rumo SA 000000000 27768490.00000000 NS 160438996.93000000 1.718022881707 Long EC CORP BR N 1 N N N TIM Participacoes SA 549300W384M3RI3VXU42 TIM Participacoes SA 000000000 23989125.00000000 NS 76818757.54000000 0.822595414602 Long EC CORP BR N 1 N N N Cogna Educacao 549300BTP1E45NJ6R194 Cogna Educacao 000000000 37017619.00000000 NS 89735968.30000000 0.960916297169 Long EC CORP BR N 1 N N N Hapvida Participacoes e Investimentos SA N/A Hapvida Participacoes e Investimentos SA 000000000 2195500.00000000 NS 28921635.17000000 0.309700459048 Long EC CORP BR N 1 N N N Magazine Luiza SA N/A Magazine Luiza SA 000000000 18304700.00000000 NS 194939015.92000000 2.087458138585 Long EC CORP BR N 1 N N N Itau Unibanco Holding SA N/A Itau Unibanco Holding SA 000000000 104822947.00000000 NS 862719900.57000000 9.238231091224 Long EP CORP BR N 1 N N N Cia Energetica de Minas Gerais 254900W703PXLDSEM056 Cia Energetica de Minas Gerais 000000000 24971370.00000000 NS 77070306.86000000 0.825289070732 Long EP CORP BR N 1 N N N Petrobras Distribuidora SA 254900ZFY40OYEADAP90 Petrobras Distribuidora SA 000000000 9919300.00000000 NS 66718277.32000000 0.714436821827 Long EC CORP BR N 1 N N N Natura Cosmeticos SA N/A Natura Cosmeticos SA 000000000 10776430.00000000 NS 84411078.12000000 0.903895975758 Long EC CORP BR N 1 N N N Banco Bradesco SA 549300CTUU1RFXHQJE44 Banco Bradesco SA 000000000 21997248.00000000 NS 162574557.15000000 1.740891020959 Long EC CORP BR N 1 N N N Cia Brasileira de Distribuicao 254900W2BN097WLYIM20 Cia Brasileira de Distribuicao 000000000 4233464.00000000 NS 80257898.98000000 0.859422643645 Long EP CORP BR N 1 N N N Equatorial Energia SA N/A Equatorial Energia SA 000000000 22530500.00000000 NS 109980256.84000000 1.177697451384 Long EC CORP BR N 1 N N N Banco Santander Brasil SA 549300D1H731B30TSI43 Banco Santander Brasil SA 000000000 10559875.00000000 NS 110136576.76000000 1.179371366109 Long EC CORP BR N 1 N N N Energisa SA N/A Energisa SA 000000000 2491300.00000000 NS 27091259.84000000 0.290100319685 Long EC CORP BR N 1 N N N B2W Cia Digital N/A B2W Cia Digital 000000000 6227788.00000000 NS 82982185.73000000 0.888595021074 Long EC CORP BR N 1 N N N Cosan SA N/A Cosan SA Industria e Comercio 000000000 4890950.00000000 NS 71832177.23000000 0.769197804059 Long EC CORP BR N 1 N N N Lojas Renner SA N/A Lojas Renner SA 000000000 19184509.00000000 NS 235025321.33000000 2.516712816409 Long EC CORP BR N 1 N N N Eletrobras SA 254900I8KYDELP4B4Z08 Centrais Eletricas Brasileiras SA 000000000 6605200.00000000 NS 54409364.52000000 0.582629753446 Long EC CORP BR N 1 N N N Telefonica Brasil SA 549300EEJH4FEPDBBR25 Telefonica Brasil SA 000000000 11277864.00000000 NS 150031892.25000000 1.606580873749 Long EP CORP BR N 1 N N N BR Malls Participacoes SA N/A BR Malls Participacoes SA 000000000 22239238.00000000 NS 81892234.62000000 0.876923538562 Long EC CORP BR N 1 N N N Vale SA 254900SMTWBX7RU2SR20 Vale SA 000000000 67949932.00000000 NS 803192205.23000000 8.600792908199 Long EC CORP BR N 1 N N N Eletrobras SA 254900I8KYDELP4B4Z08 Centrais Eletricas Brasileiras SA 000000000 6941946.00000000 NS 58989220.20000000 0.631672049918 Long EP CORP BR N 1 N N N IRB Brasil Resseguros S/A 21380017DVWSU9AEU878 IRB Brasil Resseguros S/A 000000000 17976500.00000000 NS 157857163.64000000 1.690375933310 Long EC CORP BR N 1 N N N Eletrobras SA 254900I8KYDELP4B4Z08 Centrais Eletricas Brasileiras SA 000000000 1305696.00000000 NS 40143.91000000 0.000429871522 Long EC CORP BR N 1 N N N Ambev SA 549300TH5Q6VRP8OT012 Ambev SA 000000000 95527255.00000000 NS 407792009.26000000 4.366743848390 Long EC CORP BR N 1 N N N CCR SA N/A CCR SA 000000000 31766465.00000000 NS 129145409.11000000 1.382922931232 Long EC CORP BR N 1 N N N Braskem SA 549300RPMQUFGBB7EY44 Braskem SA 000000000 5103556.00000000 NS 33783916.10000000 0.361767039211 Long EP CORP BR N 1 N N N Banco BTG Pactual SA ZXLTQRYIK6IJH3R0IK66 Banco BTG Pactual SA 000000000 2654500.00000000 NS 44102505.74000000 0.472261204892 Long EC CORP BR N 1 N N N Porto Seguro SA N/A Porto Seguro SA 000000000 3250720.00000000 NS 46128042.00000000 0.493951178708 Long EC CORP BR N 1 N N N B3 SA - Brasil Bolsa Balcao 4GTK5S46E6H318LMDS44 B3 SA - Brasil Bolsa Balcao 000000000 35062277.00000000 NS 395707934.26000000 4.237344402174 Long EC CORP BR N 1 N N N Sul America SA N/A Sul America SA 000000000 6733749.00000000 NS 84707355.04000000 0.907068586767 Long EC CORP BR N 1 N N N Cielo SA N/A Cielo SA 000000000 33986296.00000000 NS 62694962.23000000 0.671354108040 Long EC CORP BR N 1 N N N Cia Siderurgica Nacional SA 529900K40TEND42S0T46 Cia Siderurgica Nacional SA 000000000 17606769.00000000 NS 52300219.62000000 0.560044476373 Long EC CORP BR N 1 N N N BlackRock Funds III 5493008LW2651I1QB503 BlackRock Cash Funds: Treasury, SL Agency Shares 066922477 15364000.00000000 NS USD 15364000.00000000 0.164521743838 Long STIV RF US N 1 N N N Lojas Americanas SA N/A Lojas Americanas SA 000000000 20246517.00000000 NS 106684104.43000000 1.142401386398 Long EP CORP BR N 1 N N N WEG SA N/A WEG SA 000000000 21681981.00000000 NS 155988426.09000000 1.670365001228 Long EC CORP BR N 1 N N N Gerdau SA 254900YDV6SEQQPZVG24 Gerdau SA 000000000 27221126.00000000 NS 109443308.66000000 1.171947669366 Long EP CORP BR N 1 N N N Suzano SA 391200AW174YQSDMGG41 Suzano Papel e Celulose SA 000000000 13751130.00000000 NS 125403489.06000000 1.342853469378 Long EC CORP BR N 1 N N N Multiplan Empreendimentos Imobiliarios SA N/A Multiplan Empreendimentos Imobiliarios SA 000000000 8745938.00000000 NS 59818964.35000000 0.640557168019 Long EC CORP BR N 1 N N N Cia de Saneamento Basico do Estado de Sao Paulo 254900UOXRZRS2TNWP19 Cia de Saneamento Basico do Estado de Sao Paulo 000000000 9030000.00000000 NS 122584017.22000000 1.312661825026 Long EC CORP BR N 1 N N N Banco Bradesco SA 549300CTUU1RFXHQJE44 Banco Bradesco SA 000000000 86222046.00000000 NS 680469615.45000000 7.286647211835 Long EP CORP BR N 1 N N N BB Seguridade Participacoes SA 254900ZFY40OYEADAP90 BB Seguridade Participacoes SA 000000000 17163495.00000000 NS 139839274.12000000 1.497435644055 Long EC CORP BR N 1 N N N Engie Brasil Energia SA LAXUQCHT4FH58LRZDY46 Engie Brasil Energia SA 000000000 5870043.00000000 NS 64929619.73000000 0.695283406972 Long EC CORP BR N 1 N N N Hypera SA N/A Hypera SA 000000000 9677300.00000000 NS 76213629.59000000 0.816115545715 Long EC CORP BR N 1 N N N Banco do Brasil SA QE0Q0253K88YAGNPE356 Banco do Brasil SA 000000000 20381187.00000000 NS 230453030.88000000 2.467751530404 Long EC CORP BR N 1 N N N Notre Dame Intermedica Participacoes SA N/A Notre Dame Intermedica Participacoes SA 000000000 4668300.00000000 NS 62589202.99000000 0.670221610345 Long EC CORP BR N 1 N N N Atacadao SA 549300SMI26ISJIRM371 Atacadao SA 000000000 11604100.00000000 NS 51621957.05000000 0.552781462783 Long EC CORP BR N 1 N N N Petroleo Brasileiro SA 5493000J801JZRCMFE49 Petroleo Brasileiro SA 000000000 61247669.00000000 NS 451937486.18000000 4.839465199955 Long EC CORP BR N 1 N N N Raia Drogasil SA N/A Raia Drogasil SA 000000000 5927000.00000000 NS 158383210.75000000 1.696008983810 Long EC CORP BR N 1 N N N Itausa - Investimentos Itau SA N/A Itausa - Investimentos Itau SA 000000000 87426627.00000000 NS 274377726.34000000 2.938108696158 Long EP CORP BR N 1 N N N Petroleo Brasileiro SA 5493000J801JZRCMFE49 Petroleo Brasileiro SA 000000000 88312983.00000000 NS 608831789.24000000 6.519530569500 Long EP CORP BR N 1 N N N Ice Futures Europe - Financial Products Division 549300UF4R84F48NCH34 MSCI BRAZIL IX FU DEC19 IFLL 20191220 000000000 890.00000000 NC USD -2258897.80000000 -0.02418887042 N/A DE GB N 1 Ice Futures Europe - Financial Products Division 549300UF4R84F48NCH34 Long MSCI Brazil Index MCBZ9 Index 2019-12-20 51666624.80000000 USD -2258897.80000000 N N N 2019-12-31 iShares, Inc. Ann Frechette Ann Frechette Assistant Treasurer XXXX NPORT-EX 2 iShares_MSCI_Brazil_ETF.htm iShares MSCI Brazil ETF

Schedule of Investments  (unaudited) 

November 30, 2019

   

iShares® MSCI Brazil ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    

Aerospace & Defense — 0.8%

 

  

Embraer SA

     17,796,187     $ 75,758,902  
   

 

 

  
Banks — 5.4%            

Banco Bradesco SA

     21,997,248       162,574,557  

Banco do Brasil SA

     20,381,187       230,453,031  

Banco Santander Brasil SA

     10,559,875       110,136,577  
   

 

 

  
          503,164,165  
Beverages — 4.4%            

Ambev SA

     95,527,255       407,792,009  
   

 

 

  
Capital Markets — 4.7%            

B3 SA — Brasil, Bolsa, Balcao

     35,062,277       395,707,934  

Banco BTG Pactual SA

     2,654,500       44,102,506  
   

 

 

  
          439,810,440  
Containers & Packaging — 0.9%        

Klabin SA

     19,187,800       80,412,415  
   

 

 

  
Diversified Consumer Services — 1.0%        

Cogna Educacao

     37,017,619       89,735,968  
   

 

 

  
Electric Utilities — 2.0%            

Centrais Eletricas Brasileiras SA

     6,605,200       54,409,364  

Energisa SA

     2,491,300       27,091,260  

Equatorial Energia SA

     22,530,500       109,980,257  
   

 

 

  
          191,480,881  
Electrical Equipment — 1.7%        

WEG SA

     21,681,981       155,988,426  
   

 

 

  
Food & Staples Retailing — 2.2%        

Atacadao SA

     11,604,100       51,621,957  

Raia Drogasil SA

     5,927,000       158,383,211  
   

 

 

  
          210,005,168  
Food Products — 3.2%        

BRF SA(a)

     14,473,750       125,284,216  

JBS SA

     26,560,007       178,896,720  
   

 

 

  
          304,180,936  
Health Care Providers & Services — 1.0%        

Hapvida Participacoes e Investimentos SA(b)

     2,195,500       28,921,635  

Notre Dame Intermedica Participacoes SA

     4,668,300       62,589,203  
   

 

 

  
          91,510,838  
Independent Power and Renewable Electricity Producers — 0.7%  

Engie Brasil Energia SA

     5,870,043       64,929,620  
   

 

 

  
Insurance — 4.6%            

BB Seguridade Participacoes SA

     17,163,495       139,839,274  

IRB Brasil Resseguros S/A

     17,976,500       157,857,164  

Porto Seguro SA

     3,250,720       46,128,042  

Sul America SA

     6,733,749       84,707,355  
   

 

 

  
          428,531,835  
Internet & Direct Marketing Retail — 0.9%  

B2W Cia. Digital(a)

     6,227,788       82,982,186  
   

 

 

  
IT Services — 0.7%            

Cielo SA

     33,986,296       62,694,962  
   

 

 

  
Metals & Mining — 9.2%            

Cia. Siderurgica Nacional SA

     17,606,769       52,300,220  

Vale SA(a)

     67,949,932       803,192,205  
   

 

 

  
          855,492,425  
Security   Shares     Value  
Multiline Retail — 4.6%        

Lojas Renner SA

     19,184,509     $ 235,025,321  

Magazine Luiza SA

     18,304,700       194,939,016  
   

 

 

  
          429,964,337  
Oil, Gas & Consumable Fuels — 6.6%        

Cosan SA

     4,890,950       71,832,177  

Petroleo Brasileiro SA

     61,247,669       451,937,486  

Ultrapar Participacoes SA

     18,920,510       97,593,909  
   

 

 

  
          621,363,572  
Paper & Forest Products — 1.3%  

Suzano SA

     13,751,130       125,403,489  
   

 

 

  
Personal Products — 0.9%            

Natura Cosmeticos SA

     10,776,430       84,411,078  
   

 

 

  
Pharmaceuticals — 0.8%            

Hypera SA

     9,677,300       76,213,630  
   

 

 

  
Real Estate Management & Development — 1.5%  

BR Malls Participacoes SA

     22,239,238       81,892,235  

Multiplan Empreendimentos Imobiliarios SA

     8,745,938       59,818,964  
   

 

 

  
          141,711,199  
Road & Rail — 3.4%            

Localiza Rent a Car SA

     14,511,431       154,576,272  

Rumo SA(a)

     27,768,490       160,438,997  
   

 

 

  
          315,015,269  
Specialty Retail — 0.7%            

Petrobras Distribuidora SA

     9,919,300       66,718,277  
   

 

 

  
Transportation Infrastructure — 1.4%  

CCR SA

     31,766,465       129,145,409  
   

 

 

  
Water Utilities — 1.3%            

Cia. de Saneamento Basico do Estado de Sao Paulo

     9,030,000       122,584,017  
   

 

 

  
Wireless Telecommunication Services — 0.8%  

TIM Participacoes SA

     23,989,125       76,818,758  
   

 

 

  

Total Common Stocks — 66.7%
(Cost: $4,397,057,944)

 

     6,233,820,211  
   

 

 

  

Preferred Stocks

    

Banks — 19.5%

    

Banco Bradesco SA, Preference Shares, NVS

     86,222,046       680,469,615  

Itau Unibanco Holding SA, Preference Shares, NVS

     104,822,947       862,719,901  

Itausa-Investimentos Itau SA, Preference Shares, NVS

    87,426,627       274,377,726  
   

 

 

  
          1,817,567,242  
Chemicals — 0.4%            

Braskem SA, Class A, Preference Shares, NVS

     5,103,556       33,783,916  
   

 

 

  
Diversified Telecommunication Services — 1.6%  

Telefonica Brasil SA, Preference Shares, NVS

     11,277,864       150,031,892  
   

 

 

  
Electric Utilities — 1.4%            

Centrais Eletricas Brasileiras SA, Class B, Preference Shares, NVS

     6,941,946       58,989,220  

Cia. Energetica de Minas Gerais, Preference Shares, NVS

     24,971,370       77,070,307  
   

 

 

  
          136,059,527  
Food & Staples Retailing — 0.9%        

Cia. Brasileira de Distribuicao, Preference Shares, NVS

     4,233,464       80,257,899  
   

 

 

  
 

 

 

1

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® MSCI Brazil ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Metals & Mining — 1.2%  

Gerdau SA, Preference Shares, NVS

     27,221,126     $ 109,443,309  
   

 

 

  
Multiline Retail — 1.1%  

Lojas Americanas SA, Preference Shares, NVS

     20,246,517       106,684,105  
   

 

 

  
Oil, Gas & Consumable Fuels — 6.5%  

Petroleo Brasileiro SA, Preference Shares, NVS

     88,312,983       608,831,789  
   

 

 

  

Total Preferred Stocks — 32.6%
(Cost: $2,147,549,038)

 

     3,042,659,679  
   

 

 

  

Rights

    

Electric Utilities — 0.0%

 

  

Centrais Eletricas Brasileiras SA,
(Expires 12/17/19)(a)

    1,305,696       40,144  
   

 

 

  

Total Rights — 0.0%
(Cost: $0)

 

     40,144  
   

 

 

  

Short-Term Investments

 

  

Money Market Funds — 0.2%

    

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

     15,364,000       15,364,000  
   

 

 

  

Total Short-Term Investments — 0.2%
(Cost: $15,364,000)

 

     15,364,000  
   

 

 

  

Total Investments in Securities — 99.5%
(Cost: $6,559,970,982)

 

     9,291,884,034  

Other Assets, Less Liabilities — 0.5%

 

     46,551,226  
   

 

 

  

Net Assets — 100.0%

     $   9,338,435,260  
   

 

 

  

 

(a) 

Non-income producing security.

(b) 

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.

(c) 

Affiliate of the Fund.

(d) 

Annualized 7-day yield as of period-end.

 

 

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: Treasury,
SL Agency Shares

      5,634,000        9,730,000        15,364,000      $ 15,364,000      $ 79,784      $ —      $ —  
           

 

 

     

 

 

     

 

 

     

 

 

  

Futures Contracts

 

Description    Number of
Contracts		     

Expiration

Date

      Notional
Amount
(000)		     

Value/

Unrealized
Appreciation

(Depreciation)

  

Long Contracts

            

MSCI Brazil Index

      890        12/20/19      $ 49,408      $ (2,258,898 ) 
           

 

 

  

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.

 

 

2

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® MSCI Brazil 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

    $ 6,233,820,211        $ —        $ —        $ 6,233,820,211  

Preferred Stocks

      3,042,659,679          —          —          3,042,659,679  

Rights

      40,144          —          —          40,144  

Money Market Funds

      15,364,000          —          —          15,364,000  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 9,291,884,034        $ —        $ —        $ 9,291,884,034  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative financial instruments(a)

                  

Liabilities

                  

Futures Contracts

    $ (2,258,898 )       $                     —        $                     —        $ (2,258,898 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

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

 

 

Portfolio Abbreviations — Equity
NVS    Non-Voting Shares

 

 

3