NPORT-EX 2 NPORT_11634265865353435.htm iShares MSCI France ETF

Schedule of Investments  (unaudited)

May 31, 2020

   

iShares® MSCI France ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    
Aerospace & Defense — 5.8%            

Airbus SE(a)

    262,505     $ 16,556,248  

Dassault Aviation SA(a)

    1,127       961,525  

Safran SA(a)

    143,215       13,677,939  

Thales SA

     47,562       3,638,845  
   

 

 

  
      34,834,557  
Auto Components — 1.9%  

Cie. Generale des Etablissements Michelin SCA

     75,842       7,665,205  

Faurecia SE

     34,160       1,317,006  

Valeo SA

     102,339       2,521,484  
   

 

 

  
      11,503,695  
Automobiles — 0.9%  

Peugeot SA(a)

    262,720       3,742,088  

Renault SA(a)

    86,511       1,944,337  
   

 

 

  
      5,686,425  
Banks — 4.6%  

BNP Paribas SA(a)

    502,711       18,036,685  

Credit Agricole SA(a)

    514,332       4,476,243  

Societe Generale SA(a)

    362,325       5,332,920  
   

 

 

  
      27,845,848  
Beverages — 2.7%  

Pernod Ricard SA

     94,899       14,789,076  

Remy Cointreau SA

     10,181       1,209,492  
   

 

 

  
      15,998,568  
Building Products — 1.2%  

Cie. de Saint-Gobain

     231,262       7,478,088  
   

 

 

  
Capital Markets — 0.5%  

Amundi SA(a)(b)

    27,106       2,018,633  

Natixis SA(a)

    426,849       946,287  
   

 

 

  
      2,964,920  
Chemicals — 5.2%  

Air Liquide SA

     211,443       28,717,739  

Arkema SA

     30,955       2,698,153  
   

 

 

  
      31,415,892  
Construction & Engineering — 4.6%  

Bouygues SA(a)

    101,125       3,097,874  

Eiffage SA(a)

    37,229       3,395,756  

Vinci SA

     230,293       21,272,050  
   

 

 

  
      27,765,680  
Diversified Financial Services — 0.3%  

Eurazeo SE(a)

    17,596       857,293  

Wendel SE

     11,807       1,084,828  
   

 

 

  
      1,942,121  
Diversified Telecommunication Services — 2.0%  

Iliad SA

     6,679       1,176,814  

Orange SA

     891,638       10,756,213  
   

 

 

  
      11,933,027  
Electric Utilities — 0.4%  

Electricite de France SA

     273,984       2,424,718  
   

 

 

  
Electrical Equipment — 5.4%  

Legrand SA

     119,305       8,135,053  

Schneider Electric SE

     247,098       24,528,448  
   

 

 

  
      32,663,501  
Electronic Equipment, Instruments & Components — 0.6%  

Ingenico Group SA

     27,045       3,736,370  
   

 

 

  
Security   Shares     Value  
Entertainment — 2.1%  

Bollore SA

     396,546     $ 1,131,857  

Ubisoft Entertainment SA(a)

    40,442       3,133,700  

Vivendi SA

     370,593       8,421,837  
   

 

 

  
      12,687,394  
Equity Real Estate Investment Trusts (REITs) — 1.6%  

Covivio

     21,562       1,262,783  

Gecina SA

     20,558       2,645,791  

ICADE

     13,475       964,536  

Klepierre SA

     87,925       1,666,569  

Unibail-Rodamco-Westfield(c)

    61,845       3,281,438  
   

 

 

  
      9,821,117  
Food & Staples Retailing — 0.8%  

Carrefour SA

     271,841       4,129,029  

Casino Guichard Perrachon SA

     19,383       730,476  
   

 

 

  
      4,859,505  
Food Products — 3.1%  

Danone SA

     275,981       18,898,140  
   

 

 

  
Health Care Equipment & Supplies — 0.4%  

BioMerieux

     18,428       2,646,340  
   

 

 

  
Health Care Providers & Services — 0.5%  

Orpea

     23,103       2,713,773  
   

 

 

  
Hotels, Restaurants & Leisure — 1.1%  

Accor SA(a)

    84,680       2,387,812  

La Francaise des Jeux SAEM(a)(b)

    38,413       1,310,488  

Sodexo SA

     39,457       2,657,099  
   

 

 

  
      6,355,399  
Household Durables — 0.2%  

SEB SA

     10,188       1,398,445  
   

 

 

  
Insurance — 3.0%  

AXA SA

     864,426       15,750,088  

CNP Assurances(a)

    77,465       814,720  

SCOR SE(a)

    70,864       1,748,351  
   

 

 

  
      18,313,159  
IT Services — 3.3%  

Atos SE(a)

    43,922       3,313,456  

Capgemini SE

     71,901       7,366,070  

Edenred(c)

    109,205       4,564,998  

Worldline SA(a)(b)

    61,281       4,575,294  
   

 

 

  
      19,819,818  
Life Sciences Tools & Services — 1.2%  

Eurofins Scientific SE

     5,896       3,986,204  

Sartorius Stedim Biotech(a)

    12,359       3,351,647  
   

 

 

  
      7,337,851  
Machinery — 0.6%  

Alstom SA

     85,596       3,602,847  
   

 

 

  
Media — 0.8%  

Eutelsat Communications SA

     9,744       97,115  

JCDecaux SA(a)

    38,258       778,354  

Publicis Groupe SA

     96,075       2,727,296  

SES SA

     171,377       1,268,460  
   

 

 

  
      4,871,225  
Metals & Mining — 0.5%  

ArcelorMittal SA

     319,802       3,061,070  
   

 

 

  
 

 

 

     1  

Schedule of Investments  (unaudited) (continued)

May 31, 2020

   

iShares® MSCI France ETF

(Percentages shown are based on Net Assets)

 

Security   Shares      Value  
Multi-Utilities — 2.8%             

Engie SA(a)

    816,295      $ 9,656,637  

Suez SA

     153,601        1,744,460  

Veolia Environnement SA

     240,850        5,273,796  
    

 

 

  
       16,674,893  
Oil, Gas & Consumable Fuels — 6.8%             

TOTAL SA

     1,104,707        41,319,083  
    

 

 

  
Personal Products — 5.4%             

L’Oreal SA

     112,247        32,700,283  
    

 

 

  
Pharmaceuticals — 8.3%             

Ipsen SA

     16,980        1,335,360  

Sanofi

     504,340        49,104,537  
    

 

 

  
       50,439,897  
Professional Services — 1.5%             

Bureau Veritas SA

     130,506        2,655,128  

Teleperformance

     26,243        6,220,685  
    

 

 

  
       8,875,813  
Semiconductors & Semiconductor Equipment — 1.2%  

STMicroelectronics NV

     285,064        7,004,536  
    

 

 

  
Software — 1.7%             

Dassault Systemes SE

     58,755        9,950,466  
    

 

 

  
Textiles, Apparel & Luxury Goods — 16.1%  

EssilorLuxottica SA

     127,105        16,365,335  

Hermes International

     14,155        11,774,341  

Kering SA

     33,863        17,688,654  

LVMH Moet Hennessy Louis Vuitton SE

     124,141        51,783,069  
    

 

 

  
       97,611,399  
Transportation Infrastructure — 0.7%             

Aeroports de Paris

     13,372        1,392,982  
Security   Shares      Value  
Transportation Infrastructure (continued)  

Getlink SE(a)

    197,314      $ 2,848,878  
    

 

 

  
       4,241,860  
    

 

 

  

Total Common Stocks — 99.8%
(Cost: $813,352,615)

        603,397,723  
    

 

 

  

Short-Term Investments

     
Money Market Funds — 0.7%             

BlackRock Cash Funds: Institutional,
SL Agency Shares,
    0.69%(d)(e)(f)

    3,754,339        3,759,971  

BlackRock Cash Funds: Treasury,
SL Agency Shares,
    0.16%(d)(e)

    249,000        249,000  
    

 

 

  
       4,008,971  
    

 

 

  

Total Short-Term Investments — 0.7%
(Cost: $4,008,891)

        4,008,971  
    

 

 

  

Total Investments in Securities — 100.5%
(Cost: $817,361,506)

 

      607,406,694  

Other Assets, Less Liabilities — (0.5)%

        (2,810,096 ) 
    

 

 

  

Net Assets — 100.0%

      $   604,596,598  
    

 

 

  

 

(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) 

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 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: Institutional,
SL Agency Shares

      9,131,775        (5,377,436 )       3,754,339      $ 3,759,971      $ 158,363 (b)     $ (889 )     $ (291 ) 

BlackRock Cash Funds: Treasury,
SL Agency Shares

      436,000        (187,000 )       249,000        249,000        4,159        —        —  
           

 

 

     

 

 

     

 

 

     

 

 

  
            $ 4,008,971      $ 162,522      $ (889 )     $ (291 ) 
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

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

 
  (b) 

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

      22        06/19/20      $ 1,147      $ 54,777  
           

 

 

  

 

 

2   

Schedule of Investments  (unaudited) (continued)

May 31, 2020

   

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 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

    $ 603,397,723        $ —        $ —        $ 603,397,723  

Money Market Funds

      4,008,971          —          —          4,008,971  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 607,406,694        $ —        $ —        $ 607,406,694  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative financial instruments(a)

                 

Assets

                  

Futures Contracts

    $ 54,777        $ —        $ —        $ 54,777  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

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

 

 

 

     3