NPORT-EX 2 NPORT_11634058088284468.htm iShares MSCI Brazil ETF

Schedule of Investments  (unaudited)

May 31, 2020

   

iShares® MSCI Brazil ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

 

Aerospace & Defense — 0.0%            

Embraer SA(a)

    87     $ 115  
   

 

 

  
Banks — 3.9%  

Banco Bradesco SA

     17,355,823       56,882,334  

Banco do Brasil SA

     16,080,287       91,310,425  

Banco Santander Brasil SA

     8,327,575       39,099,476  
   

 

 

  
          187,292,235  
Beverages — 3.6%  

Ambev SA

     75,554,355       173,614,618  
   

 

 

  
Capital Markets — 6.1%  

B3 SA — Brasil, Bolsa, Balcao

     32,491,277       272,500,537  

Banco BTG Pactual SA

     2,102,100       18,903,457  
   

 

 

  
      291,403,994  
Containers & Packaging — 1.1%  

Klabin SA

     14,842,800       53,865,992  
   

 

 

  
Diversified Consumer Services — 0.7%  

Cogna Educacao

     35,150,019       34,042,662  
   

 

 

  
Electric Utilities — 2.7%  

Centrais Eletricas Brasileiras SA

     6,103,596       32,175,057  

CPFL Energia SA

     2,525,200       14,994,697  

Energisa SA

     1,983,200       17,344,921  

Equatorial Energia SA

     17,413,400       64,285,075  
   

 

 

  
      128,799,750  
Electrical Equipment — 2.6%  

WEG SA

     16,004,181       123,263,223  
   

 

 

  
Food & Staples Retailing — 3.2%  

Atacadao SA

     9,153,200       31,161,766  

Cia Brasileira de Distribuicao

     3,348,064       38,824,745  

Raia Drogasil SA

     4,258,800       85,817,435  
   

 

 

  
      155,803,946  
Food Products — 2.8%  

BRF SA(a)

    11,419,950       48,635,349  

JBS SA

     20,969,007       84,824,268  
   

 

 

  
      133,459,617  
Health Care Providers & Services — 1.9%  

Hapvida Participacoes e Investimentos SA(b)

    1,830,500       18,490,035  

Notre Dame Intermedica Participacoes SA

     6,469,700       74,213,752  
   

 

 

  
      92,703,787  
Independent Power and Renewable Electricity Producers — 0.7%  

Engie Brasil Energia SA

     4,640,643       36,237,534  
   

 

 

  
Insurance — 3.1%  

BB Seguridade Participacoes SA

     13,540,195       63,025,194  

IRB Brasil Resseguros S/A

     14,001,600       21,397,742  

Porto Seguro SA

     2,559,820       22,293,732  

Sul America SA

     5,319,249       43,926,335  
   

 

 

  
      150,643,003  
Internet & Direct Marketing Retail — 1.5%  

B2W Cia. Digital(a)

    4,232,988       71,408,437  
   

 

 

  
IT Services — 0.4%  

Cielo SA

     26,831,196       20,205,776  
   

 

 

  
Metals & Mining — 12.2%  

Cia. Siderurgica Nacional SA

     13,889,369       26,392,129  
Security   Shares     Value  
Metals & Mining (continued)            

Vale SA

     57,435,207     $ 560,487,925  
   

 

 

  
      586,880,054  
Multiline Retail — 5.6%  

Lojas Renner SA

     15,128,709       107,383,722  

Magazine Luiza SA

     13,552,200       160,572,273  
   

 

 

  
      267,955,995  
Oil, Gas & Consumable Fuels — 6.6%  

Cosan SA

     3,509,050       42,545,882  

Petroleo Brasileiro SA

     59,294,669       227,523,136  

Ultrapar Participacoes SA

     14,923,510       47,042,126  
   

 

 

  
      317,111,144  
Paper & Forest Products — 1.6%  

Suzano SA(a)

    10,759,230       75,002,200  
   

 

 

  
Personal Products — 1.8%  

Natura & Co. Holding SA

     12,655,763       86,638,300  
   

 

 

  
Pharmaceuticals — 0.9%  

Hypera SA

     7,632,600       45,280,398  
   

 

 

  
Real Estate Management & Development — 1.2%  

BR Malls Participacoes SA

     17,105,438       30,896,935  

Multiplan Empreendimentos Imobiliarios SA

     6,669,938       25,409,405  
   

 

 

  
      56,306,340  
Road & Rail — 3.6%  

Localiza Rent a Car SA

     11,794,137       83,562,886  

Rumo SA(a)

    21,665,490       89,875,622  
   

 

 

  
      173,438,508  
Specialty Retail — 0.6%  

Petrobras Distribuidora SA

     7,832,400       31,207,883  
   

 

 

  
Transportation Infrastructure — 1.4%  

CCR SA

     24,603,565       66,592,846  
   

 

 

  
Water Utilities — 1.4%  

Cia. de Saneamento Basico do Estado de Sao Paulo

     6,927,700       69,288,480  
   

 

 

  
Wireless Telecommunication Services — 1.0%  

TIM Participacoes SA

     18,299,625       45,891,420  
   

 

 

  

Total Common Stocks — 72.2%
(Cost: $3,222,876,684)

       3,474,338,257  
   

 

 

  

Preferred Stocks

 

Banks — 14.4%            

Banco Bradesco SA, Preference Shares, NVS

     71,066,960       247,964,299  

Itau Unibanco Holding SA, Preference Shares, NVS

     79,082,747       335,487,560  

Itausa-Investimentos Itau SA, Preference Shares, NVS

     65,143,427       106,271,430  
   

 

 

  
      689,723,289  
Chemicals — 0.4%  

Braskem SA, Class A, Preference Shares, NVS

     4,032,056       20,594,214  
   

 

 

  
Diversified Telecommunication Services — 1.6%            

Telefonica Brasil SA, Preference Shares, NVS

     8,903,164       77,276,270  
   

 

 

  
Electric Utilities — 1.8%  

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

     5,842,246       33,024,056  

Cia. Energetica de Minas Gerais, Preference Shares, NVS

     19,692,970       39,160,405  
 

 

 

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Schedule of Investments  (unaudited) (continued)

May 31, 2020

   

iShares® MSCI Brazil ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Electric Utilities (continued)  

Cia. Paranaense de Energia, Preference Shares, NVS

     1,287,600     $ 15,007,104  
   

 

 

  
      87,191,565  
Metals & Mining — 1.1%            

Gerdau SA, Preference Shares, NVS

     21,469,526       53,089,749  
   

 

 

  
Multiline Retail — 1.6%            

Lojas Americanas SA, Preference Shares, NVS

     15,047,017       78,267,428  
   

 

 

  
Oil, Gas & Consumable Fuels — 5.5%            

Petroleo Brasileiro SA, Preference Shares, NVS

     69,738,283       261,176,682  
   

 

 

  

Total Preferred Stocks — 26.4%
(Cost: $1,359,291,546)

       1,267,319,197  
   

 

 

  

Rights

 

Personal Products — 0.0%            

Natura & Co. Holding SA, (Expires 06/12/20)(a)

    717,897       658,269  
   

 

 

  

Total Rights — 0.0%
(Cost: $0)

       658,269  
   

 

 

  
Security   Shares     Value  

Short-Term Investments

 

Money Market Funds — 0.3%  

BlackRock Cash Funds: Treasury,
SL Agency Shares,

    

0.16%(c)(d)

    13,370,000     $ 13,370,000  
   

 

 

  

Total Short-Term Investments — 0.3%
(Cost: $13,370,000)

 

     13,370,000  
   

 

 

  

Total Investments in Securities — 98.9%
(Cost: $4,595,538,230)

 

     4,755,685,723  

Other Assets, Less Liabilities — 1.1%

 

     52,781,293  
   

 

 

  

Net Assets — 100.0%

     $     4,808,467,016  
   

 

 

  

 

(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 period ended May 31, 2020, 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
05/31/20		  
 
 		     
 Value at
05/31/20		  
 		      Income       
 Net Realized
Gain (Loss)		  
(a)  		     


 Change in
Unrealized
Appreciation
(Depreciation)		  
 
 
 

BlackRock Cash Funds: Treasury,
SL Agency Shares

      5,634,000        7,736,000        13,370,000      $ 13,370,000      $ 191,077      $ —      $ —  
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Includes realized capital gain distributions from an affiliated fund, if any.

 

Futures Contracts

 

Description    Number of
Contracts		        Expiration
Date		        Notional
Amount
(000)		        Value/
Unrealized
Appreciation
(Depreciation)		  

Long Contracts

                  

MSCI Brazil Index

      1,324          06/19/20        $ 46,234        $ 3,823,837  
                 

 

 

  

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.

 

 

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Schedule of Investments  (unaudited) (continued)

May 31, 2020

   

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 May 31, 2020. 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

    $ 3,474,338,257        $ —        $ —        $ 3,474,338,257  

Preferred Stocks

      1,267,319,197          —          —          1,267,319,197  

Rights

      658,269          —          —          658,269  

Money Market Funds

      13,370,000          —          —          13,370,000  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 4,755,685,723        $ —        $ —        $ 4,755,685,723  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative financial instruments(a)

                 

Assets

                  

Futures Contracts

    $ 3,823,837        $             —        $             —        $ 3,823,837  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a)

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

 

 

Portfolio Abbreviations — Equity
NVS    Non-Voting Shares

 

 

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