NPORT-EX 2 NPORT_11029943913549352.htm iShares MSCI Japan ETF

Schedule of Investments  (unaudited)

May 31, 2020

   

iShares® MSCI Japan ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

 

Air Freight & Logistics — 0.4%            

SG Holdings Co. Ltd.

     448,000     $ 14,616,605  

Yamato Holdings Co. Ltd.

     861,100       19,054,740  
   

 

 

  
      33,671,345  
Airlines — 0.1%            

ANA Holdings Inc.(a)

    320,900       7,741,394  

Japan Airlines Co. Ltd.

     316,400       6,217,281  
   

 

 

  
      13,958,675  
Auto Components — 2.1%            

Aisin Seiki Co. Ltd.

     453,500       14,290,922  

Bridgestone Corp.

     1,498,400       49,749,634  

Denso Corp.

     1,210,700       46,423,184  

JTEKT Corp.

     571,800       4,612,189  

Koito Manufacturing Co. Ltd.

     290,400       12,304,970  

NGK Spark Plug Co. Ltd.

     432,800       6,977,989  

Stanley Electric Co. Ltd.

     365,600       8,887,607  

Sumitomo Electric Industries Ltd.

     2,100,900       24,463,536  

Sumitomo Rubber Industries Ltd.

     485,800       4,942,097  

Toyoda Gosei Co. Ltd.

     177,100       3,785,783  

Toyota Industries Corp.

     407,700       20,851,413  

Yokohama Rubber Co. Ltd. (The)

     330,400       4,989,658  
   

 

 

  
      202,278,982  
Automobiles — 6.7%            

Honda Motor Co. Ltd.

     4,561,200       117,866,810  

Isuzu Motors Ltd.

     1,536,000       14,392,649  

.Mazda Motor Corp.

     1,575,800       10,077,748  

Mitsubishi Motors Corp.

     1,863,900       5,259,438  

Nissan Motor Co. Ltd.

     6,466,200       24,061,814  

Subaru Corp.

     1,722,000       38,017,144  

Suzuki Motor Corp.

     1,028,200       35,751,030  

Toyota Motor Corp.

     5,995,300       375,906,173  

Yamaha Motor Co. Ltd.

     779,400       11,249,520  
   

 

 

  
      632,582,326  
Banks — 4.8%            

Aozora Bank Ltd.

     327,700       6,089,529  

Bank of Kyoto Ltd. (The)

     159,500       5,729,475  

Chiba Bank Ltd. (The)

     1,518,600       7,216,997  

Concordia Financial Group Ltd.

     2,930,900       9,576,060  

Fukuoka Financial Group Inc.

     490,000       7,972,989  

Japan Post Bank Co. Ltd.

     1,121,200       9,262,245  

Mebuki Financial Group Inc.

     2,633,880       5,965,255  

Mitsubishi UFJ Financial Group Inc.

     34,210,780       141,053,775  

Mizuho Financial Group Inc.

     67,420,280       84,169,747  

Resona Holdings Inc.

     5,822,000       20,956,714  

Seven Bank Ltd.

     1,641,400       4,677,308  

Shinsei Bank Ltd.

     434,800       5,549,265  

Shizuoka Bank Ltd. (The)

     1,183,100       7,533,361  

Sumitomo Mitsui Financial Group Inc.

     3,649,800       105,664,141  

Sumitomo Mitsui Trust Holdings Inc.

     944,932       27,812,497  
   

 

 

  
      449,229,358  
Beverages — 1.3%            

Asahi Group Holdings Ltd.

     1,082,400       40,770,216  

Coca-Cola Bottlers Japan Holdings Inc.

     347,100       6,894,640  

Ito En Ltd.

     150,100       8,610,182  

Kirin Holdings Co. Ltd.

     2,299,800       47,123,112  

Suntory Beverage & Food Ltd.

     392,000       16,009,653  
   

 

 

  
      119,407,803  
Security   Shares     Value  
Biotechnology — 0.1%            

PeptiDream Inc.(a)

    263,200     $ 11,812,057  
   

 

 

  
Building Products — 1.5%            

AGC Inc.

     540,900       15,312,990  

Daikin Industries Ltd.

     697,600       102,631,086  

LIXIL Group Corp.

     739,300       10,320,761  

TOTO Ltd.

     398,200       15,782,373  
   

 

 

  
      144,047,210  
Capital Markets — 1.1%            

Daiwa Securities Group Inc.

     4,038,700       16,745,601  

Japan Exchange Group Inc.

     1,420,800       30,556,398  

Nomura Holdings Inc.

     8,797,200       37,798,523  

SBI Holdings Inc.

     657,710       14,096,184  
   

 

 

  
      99,196,706  
Chemicals — 3.9%            

Air Water Inc.

     511,800       7,434,603  

Asahi Kasei Corp.

     3,497,700       27,595,907  

Daicel Corp.

     692,300       5,860,469  

Hitachi Chemical Co. Ltd.

     303,500       13,000,905  

JSR Corp.

     568,700       11,148,600  

Kansai Paint Co. Ltd.

     497,600       10,309,029  

Kuraray Co. Ltd.

     886,400       9,313,638  

Mitsubishi Chemical Holdings Corp.

     3,570,600       21,022,245  

Mitsubishi Gas Chemical Co. Inc.

     441,800       6,577,688  

Mitsui Chemicals Inc.

     511,900       10,643,301  

Nippon Paint Holdings Co. Ltd.

     407,800       28,426,955  

Nissan Chemical Corp.

     347,100       15,319,631  

Nitto Denko Corp.

     443,700       24,010,498  

Shin-Etsu Chemical Co. Ltd.

     989,400       115,897,601  

Showa Denko KK

     377,100       9,013,157  

Sumitomo Chemical Co. Ltd.

     4,109,100       12,739,030  

Taiyo Nippon Sanso Corp.

     423,600       7,124,548  

Teijin Ltd.

     504,600       8,262,073  

Toray Industries Inc.

     3,859,100       18,766,255  

Tosoh Corp.

     724,700       10,076,582  
   

 

 

  
      372,542,715  
Commercial Services & Supplies — 1.0%            

Dai Nippon Printing Co. Ltd.

     680,900       15,478,016  

Park24 Co. Ltd.

     303,100       5,882,787  

Secom Co. Ltd.

     588,700       51,004,092  

Sohgo Security Services Co. Ltd.

     198,900       9,784,843  

Toppan Printing Co. Ltd.

     733,200       12,542,698  
   

 

 

  
      94,692,436  
Construction & Engineering — 0.7%            

JGC Holdings Corp.

     617,000       6,637,611  

Kajima Corp.

     1,261,700       14,311,017  

Obayashi Corp.

     1,819,500       16,837,996  

Shimizu Corp.

     1,546,500       13,091,456  

Taisei Corp.

     533,900       18,534,236  
   

 

 

  
      69,412,316  
Construction Materials — 0.1%            

Taiheiyo Cement Corp.

     336,000       7,943,491  
   

 

 

  
Consumer Finance — 0.0%            

Acom Co. Ltd.

     1,097,800       4,473,330  

AEON Financial Service Co. Ltd.

     5,370       60,461  
   

 

 

  
      4,533,791  
Diversified Consumer Services — 0.1%            

Benesse Holdings Inc.

     197,700       5,352,865  
   

 

 

  
 

 

 

     1  

Schedule of Investments  (unaudited) (continued)

May 31, 2020

   

iShares® MSCI Japan ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Diversified Financial Services — 0.6%            

Mitsubishi UFJ Lease & Finance Co. Ltd.

     1,117,900     $ 5,457,979  

ORIX Corp.

     3,705,600       49,151,180  

Tokyo Century Corp.

     120,900       5,257,498  
   

 

 

  
      59,866,657  
Diversified Telecommunication Services — 0.9%        

Nippon Telegraph & Telephone Corp.

     3,599,500       81,655,711  
   

 

 

  
Electric Utilities — 0.9%            

Chubu Electric Power Co. Inc.

     1,800,600       24,250,899  

Chugoku Electric Power Co. Inc. (The)

     811,200       11,143,788  

Kansai Electric Power Co. Inc. (The)

     1,962,700       19,556,861  

Kyushu Electric Power Co. Inc.

     1,059,200       8,809,052  

Tohoku Electric Power Co. Inc.

     1,188,000       12,306,196  

Tokyo Electric Power Co. Holdings Inc.(a)

    4,041,000       13,615,659  
   

 

 

  
      89,682,455  
Electrical Equipment — 1.6%            

Fuji Electric Co. Ltd.

     358,400       9,577,515  

Mitsubishi Electric Corp.

     5,096,000       67,096,821  

Nidec Corp.

     1,251,100       76,899,654  
   

 

 

  
      153,573,990  
Electronic Equipment, Instruments & Components — 5.9%  

Hamamatsu Photonics KK

     395,700       17,923,757  

Hirose Electric Co. Ltd.

     90,058       10,758,309  

Hitachi Ltd.

     2,705,000       86,747,807  

Keyence Corp.

     511,004       210,359,005  

Kyocera Corp.

     897,400       48,570,468  

Murata Manufacturing Co. Ltd.

     1,607,600       89,754,620  

Omron Corp.

     517,200       34,276,772  

Shimadzu Corp.

     625,700       16,929,647  

TDK Corp.

     363,200       33,982,049  

Yokogawa Electric Corp.

     635,900       9,160,596  
   

 

 

  
      558,463,030  
Entertainment — 2.0%            

Konami Holdings Corp.

     262,800       9,232,821  

Nexon Co. Ltd.

     1,355,200       28,252,464  

Nintendo Co. Ltd.

     312,700       126,374,512  

Square Enix Holdings Co. Ltd.

     259,000       12,573,166  

Toho Co. Ltd.

     315,800       11,607,815  
   

 

 

  
      188,040,778  
Equity Real Estate Investment Trusts (REITs) — 1.4%  

Daiwa House REIT Investment Corp.

     5,493       13,582,728  

GLP J-REIT

     10,183       13,582,374  

Japan Prime Realty Investment Corp.

     2,191       6,690,853  

Japan Real Estate Investment Corp.

     3,697       20,177,621  

Japan Retail Fund Investment Corp.

     7,325       9,668,306  

Nippon Building Fund Inc.

     3,558       22,325,224  

Nippon Prologis REIT Inc.

     5,868       16,557,962  

Nomura Real Estate Master Fund Inc.

     11,868       14,596,092  

Orix JREIT Inc.

     7,376       10,666,736  

United Urban Investment Corp.

     8,254       8,749,309  
   

 

 

  
      136,597,205  
Food & Staples Retailing — 1.9%            

Aeon Co. Ltd.

     1,829,800       40,482,000  

Cosmos Pharmaceutical Corp.

     56,500       8,113,009  

FamilyMart Co. Ltd.

     700,800       13,133,292  

Kobe Bussan Co. Ltd.

     171,800       8,898,167  

Lawson Inc.

     142,100       7,861,104  

Seven & i Holdings Co. Ltd.

     2,105,680       72,062,395  

Sundrug Co. Ltd.

     198,800       6,698,324  
Security   Shares     Value  
Food & Staples Retailing (continued)            

Tsuruha Holdings Inc.

     102,800     $ 15,190,755  

Welcia Holdings Co. Ltd.

     133,000       11,172,321  
   

 

 

  
      183,611,367  
Food Products — 1.5%            

Ajinomoto Co. Inc.

     1,305,100       22,253,388  

Calbee Inc.

     243,800       7,049,121  

Kikkoman Corp.

     404,800       20,364,932  

MEIJI Holdings Co. Ltd.

     319,456       24,047,785  

NH Foods Ltd.

     230,900       8,530,023  

Nisshin Seifun Group Inc.

     551,775       8,599,157  

Nissin Foods Holdings Co. Ltd.

     176,900       14,777,927  

Toyo Suisan Kaisha Ltd.

     249,100       13,017,432  

Yakult Honsha Co. Ltd.

     334,400       20,485,822  

Yamazaki Baking Co. Ltd.

     339,500       6,085,065  
   

 

 

  
      145,210,652  
Gas Utilities — 0.6%            

Osaka Gas Co. Ltd.

     1,048,700       20,957,452  

Toho Gas Co. Ltd.

     205,900       10,148,318  

Tokyo Gas Co. Ltd.

     1,056,800       25,214,688  
   

 

 

  
      56,320,458  
Health Care Equipment & Supplies — 3.0%            

Asahi Intecc Co. Ltd.

     545,300       16,702,928  

Hoya Corp.

     1,059,700       99,443,700  

Olympus Corp.

     3,258,200       56,599,260  

Sysmex Corp.

     468,000       37,401,773  

Terumo Corp.

     1,804,100       70,834,390  
   

 

 

  
      280,982,051  
Health Care Providers & Services — 0.3%            

Alfresa Holdings Corp.

     523,500       10,558,922  

Medipal Holdings Corp.

     511,300       10,141,998  

Suzuken Co. Ltd.

     187,540       6,815,047  
   

 

 

  
      27,515,967  
Health Care Technology — 0.5%            

M3 Inc.

     1,232,000       49,629,925  
   

 

 

  
Hotels, Restaurants & Leisure — 1.0%            

McDonald’s Holdings Co. Japan Ltd.(b)

    184,300       9,802,191  

Oriental Land Co. Ltd.(b)

    559,500       81,093,354  
   

 

 

  
      90,895,545  
Household Durables — 3.9%            

Casio Computer Co. Ltd.

     542,400       9,550,590  

Iida Group Holdings Co. Ltd.

     410,080       6,090,203  

Nikon Corp.

     840,300       7,721,697  

Panasonic Corp.

     6,168,015       55,133,415  

Rinnai Corp.

     101,000       8,502,993  

Sekisui Chemical Co. Ltd.

     1,013,500       14,158,050  

Sekisui House Ltd.

     1,735,300       33,059,853  

Sharp Corp.

     585,600       6,343,298  

Sony Corp.

     3,560,600       227,183,036  
   

 

 

  
      367,743,135  
Household Products — 0.7%            

Lion Corp.

     625,600       14,313,863  

Pigeon Corp.

     322,600       12,576,414  

Unicharm Corp.

     1,127,700       41,974,075  
   

 

 

  
      68,864,352  
Independent Power and Renewable Electricity Producers — 0.1%  

Electric Power Development Co. Ltd.

     384,300       7,251,886  
   

 

 

  
 

 

 

2   

Schedule of Investments  (unaudited) (continued)

May 31, 2020

   

iShares® MSCI Japan ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Industrial Conglomerates — 0.4%            

Keihan Holdings Co. Ltd.

     271,900     $ 12,921,780  

Toshiba Corp.

     1,080,600       29,528,811  
   

 

 

  
      42,450,591  
Insurance — 2.6%            

Dai-ichi Life Holdings Inc.

     3,014,100       39,251,704  

Japan Post Holdings Co. Ltd.

     4,395,000       31,987,000  

Japan Post Insurance Co. Ltd.

     623,100       7,912,014  

MS&AD Insurance Group Holdings Inc.

     1,245,440       36,588,087  

Sompo Holdings Inc.

     939,950       33,432,853  

Sony Financial Holdings Inc.

     424,800       10,236,050  

T&D Holdings Inc.

     1,492,200       13,476,684  

Tokio Marine Holdings Inc.

     1,786,300       77,397,767  
   

 

 

  
      250,282,159  
Interactive Media & Services — 0.5%            

Kakaku.com Inc.

     383,000       9,264,380  

LINE Corp.(a)

    170,200       8,515,134  

Z Holdings Corp.

     7,425,900       30,328,083  
   

 

 

  
      48,107,597  
Internet & Direct Marketing Retail — 0.4%            

Mercari Inc.(a)

    237,300       7,070,432  

Rakuten Inc.(b)

    2,399,000       21,733,179  

ZOZO Inc.

     303,600       5,590,963  
   

 

 

  
      34,394,574  
IT Services — 2.4%            

Fujitsu Ltd.

     548,800       56,543,185  

GMO Payment Gateway Inc.(b)

    114,648       12,908,342  

Itochu Techno-Solutions Corp.

     271,300       9,166,306  

NEC Corp.

     698,500       31,347,728  

Nomura Research Institute Ltd.

     895,612       23,675,713  

NTT Data Corp.

     1,762,200       20,364,218  

Obic Co. Ltd.

     194,100       33,654,690  

Otsuka Corp.

     292,500       14,117,974  

SCSK Corp.

     146,100       7,146,675  

TIS Inc.

     626,100       13,348,974  
   

 

 

  
      222,273,805  
Leisure Products — 1.0%            

Bandai Namco Holdings Inc.

     558,498       31,083,251  

Sankyo Co. Ltd.

     1,700       43,788  

Sega Sammy Holdings Inc.

     493,500       6,431,280  

Shimano Inc.

     206,700       38,007,398  

Yamaha Corp.

     375,600       18,268,381  
   

 

 

  
      93,834,098  
Machinery — 5.3%            

Amada Co. Ltd.

     921,400       8,218,921  

Daifuku Co. Ltd.

     284,600       22,137,170  

FANUC Corp.

     541,100       96,507,509  

Hino Motors Ltd.

     799,300       5,408,546  

Hitachi Construction Machinery Co. Ltd.

     296,400       7,785,882  

Hoshizaki Corp.

     142,100       11,475,101  

Kawasaki Heavy Industries Ltd.

     398,200       6,305,557  

Komatsu Ltd.

     2,456,300       49,702,826  

Kubota Corp.

     2,906,700       39,107,641  

Kurita Water Industries Ltd.

     279,300       7,743,715  

Makita Corp.

     625,900       21,205,133  

MINEBEA MITSUMI Inc.

     1,012,100       17,764,711  

MISUMI Group Inc.

     795,900       21,143,229  

Mitsubishi Heavy Industries Ltd.

     895,300       23,164,698  

Miura Co. Ltd.

     245,600       10,486,471  
Security   Shares     Value  
Machinery (continued)            

Nabtesco Corp.

     313,600     $ 9,736,780  

NGK Insulators Ltd.

     724,300       10,615,582  

NSK Ltd.

     983,300       7,192,095  

SMC Corp.

     160,700       81,099,541  

Sumitomo Heavy Industries Ltd.

     307,700       7,025,962  

THK Co. Ltd.

     335,800       8,727,340  

Yaskawa Electric Corp.

     670,500       24,085,348  
   

 

 

  
      496,639,758  
Marine — 0.1%            

Mitsui OSK Lines Ltd.

     10,100       178,966  

Nippon Yusen KK

     427,000       6,155,205  
   

 

 

  
      6,334,171  
Media — 0.4%            

CyberAgent Inc.

     284,600       14,344,252  

Dentsu Group Inc.

     605,300       16,209,129  

Hakuhodo DY Holdings Inc.

     647,300       8,045,062  
   

 

 

  
      38,598,443  
Metals & Mining — 0.7%            

Hitachi Metals Ltd.

     589,000       6,790,161  

JFE Holdings Inc.

     1,367,450       10,052,633  

Maruichi Steel Tube Ltd.

     160,800       4,117,949  

Mitsubishi Materials Corp.

     311,500       7,092,491  

Nippon Steel Corp.

     2,254,370       20,770,294  

Sumitomo Metal Mining Co. Ltd.

     648,800       18,072,574  
   

 

 

  
      66,896,102  
Multiline Retail — 0.5%            

Isetan Mitsukoshi Holdings Ltd.

     939,760       6,289,200  

J Front Retailing Co. Ltd.

     9,700       82,383  

Marui Group Co. Ltd.

     529,700       9,553,136  

Pan Pacific International Holdings Corp.

     1,152,200       23,218,324  

Ryohin Keikaku Co. Ltd.

     664,600       10,049,041  
   

 

 

  
      49,192,084  
Oil, Gas & Consumable Fuels — 0.7%            

Idemitsu Kosan Co. Ltd.

     548,229       12,161,946  

Inpex Corp.

     2,855,000       19,899,007  

JXTG Holdings Inc.

     8,568,895       32,952,088  
   

 

 

  
      65,013,041  
Paper & Forest Products — 0.1%            

Oji Holdings Corp.

     2,400,000       12,051,794  
   

 

 

  
Personal Products — 2.2%            

Kao Corp.

     1,347,700       108,168,765  

Kobayashi Pharmaceutical Co. Ltd.

     138,600       12,350,304  

Kose Corp.

     92,400       11,569,833  

Pola Orbis Holdings Inc.

     256,600       4,992,190  

Shiseido Co. Ltd.

     1,117,300       68,136,270  
   

 

 

  
      205,217,362  
Pharmaceuticals — 8.0%            

Astellas Pharma Inc.

     5,210,050       92,584,961  

Chugai Pharmaceutical Co. Ltd.

     625,700       92,285,450  

Daiichi Sankyo Co. Ltd.

     1,586,569       148,517,644  

Eisai Co. Ltd.

     706,000       55,295,197  

Hisamitsu Pharmaceutical Co. Inc.

     144,000       7,257,808  

Kyowa Kirin Co. Ltd.

     755,400       20,488,038  

Nippon Shinyaku Co. Ltd.

     128,500       11,068,641  

Ono Pharmaceutical Co. Ltd.

     1,037,000       29,617,571  

Otsuka Holdings Co. Ltd.

     1,090,500       49,233,694  

Santen Pharmaceutical Co. Ltd.

     1,004,200       18,548,828  
 

 

 

     3  

Schedule of Investments  (unaudited) (continued)

May 31, 2020

   

iShares® MSCI Japan ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Pharmaceuticals (continued)            

Shionogi & Co. Ltd.

     750,600     $ 44,317,692  

Sumitomo Dainippon Pharma Co. Ltd.

     501,600       7,090,888  

Taisho Pharmaceutical Holdings Co. Ltd.

     93,300       5,923,535  

Takeda Pharmaceutical Co. Ltd.

     4,412,100       171,635,133  
   

 

 

  
      753,865,080  
Professional Services — 1.5%            

Nihon M&A Center Inc.

     411,400       16,534,664  

Persol Holdings Co. Ltd.

     498,900       6,598,900  

Recruit Holdings Co. Ltd.

     3,560,600       122,614,062  
   

 

 

  
      145,747,626  
Real Estate Management & Development — 2.2%  

Aeon Mall Co. Ltd.

     284,500       4,000,719  

Daito Trust Construction Co. Ltd.

     179,500       18,968,836  

Daiwa House Industry Co. Ltd.

     1,582,700       39,290,213  

Hulic Co. Ltd.

     841,300       8,511,784  

Mitsubishi Estate Co. Ltd.

     3,303,700       52,529,244  

Mitsui Fudosan Co. Ltd.

     2,602,800       50,094,267  

Nomura Real Estate Holdings Inc.

     323,300       5,983,758  

Sumitomo Realty & Development Co. Ltd.

     865,800       23,984,593  

Tokyu Fudosan Holdings Corp.

     1,687,800       8,553,755  
   

 

 

  
      211,917,169  
Road & Rail — 3.8%            

Central Japan Railway Co.

     402,800       68,924,843  

East Japan Railway Co.

     846,700       66,409,384  

Hankyu Hanshin Holdings Inc.

     638,500       23,587,785  

Keikyu Corp.

     611,800       10,227,427  

Keio Corp.

     287,400       17,073,003  

Keisei Electric Railway Co. Ltd.

     361,800       11,871,379  

Kintetsu Group Holdings Co. Ltd.

     481,300       23,632,775  

Kyushu Railway Co.

     418,000       11,853,065  

Nagoya Railroad Co. Ltd.

     524,300       15,816,355  

Nippon Express Co. Ltd.

     205,400       10,562,176  

Odakyu Electric Railway Co. Ltd.

     829,300       20,698,823  

Seibu Holdings Inc.

     604,200       7,896,353  

Tobu Railway Co. Ltd.

     532,500       18,881,051  

Tokyu Corp.

     1,397,100       22,149,225  

West Japan Railway Co.

     455,000       29,356,337  
   

 

 

  
      358,939,981  
Semiconductors & Semiconductor Equipment — 2.0%  

Advantest Corp.

     557,400       27,524,649  

Disco Corp.

     80,200       17,910,726  

Lasertec Corp.

     211,000       17,332,807  

Renesas Electronics Corp.(a)

    2,152,200       11,167,028  

Rohm Co. Ltd.

     246,500       16,588,156  

SUMCO Corp.

     738,300       11,314,181  

Tokyo Electron Ltd.

     417,752       83,368,153  
   

 

 

  
      185,205,700  
Software — 0.4%            

Oracle Corp. Japan(a)

    107,200       12,517,529  

Trend Micro Inc.

     373,900       20,545,672  
   

 

 

  
      33,063,201  
Specialty Retail — 1.9%            

ABC-Mart Inc.

     90,100       5,477,839  

Fast Retailing Co. Ltd.

     163,700       91,973,463  

Hikari Tsushin Inc.

     58,100       12,732,547  

Nitori Holdings Co. Ltd.

     223,800       40,580,433  

Shimamura Co. Ltd.

     59,400       4,179,255  

USS Co. Ltd.

     609,200       10,619,368  
Security   Shares     Value  
Specialty Retail (continued)            

Yamada Denki Co. Ltd.

     2,025,800     $ 9,853,058  
   

 

 

  
      175,415,963  
Technology Hardware, Storage & Peripherals — 1.5%  

Brother Industries Ltd.

     620,700       11,689,797  

Canon Inc.

     2,796,550       57,600,078  

FUJIFILM Holdings Corp.

     1,007,100       46,562,075  

Konica Minolta Inc.

     29,400       108,884  

Ricoh Co. Ltd.

     1,868,400       13,804,673  

Seiko Epson Corp.

     769,600       8,672,153  
   

 

 

  
      138,437,660  
Tobacco — 0.7%            

Japan Tobacco Inc.

     3,354,700       66,558,419  
   

 

 

  
Trading Companies & Distributors — 3.5%  

ITOCHU Corp.

     3,770,900       80,853,752  

Marubeni Corp.

     4,617,000       22,426,102  

Mitsubishi Corp.

     3,782,100       88,290,542  

Mitsui & Co. Ltd.

     4,625,600       70,220,159  

MonotaRO Co. Ltd.

     353,200       12,834,993  

Sumitomo Corp.

     3,321,000       40,011,677  

Toyota Tsusho Corp.

     594,800       15,072,205  
   

 

 

  
      329,709,430  
Transportation Infrastructure — 0.1%            

Japan Airport Terminal Co. Ltd.

     143,500       6,313,547  

Kamigumi Co. Ltd.

     275,100       5,375,092  
   

 

 

  
      11,688,639  
Wireless Telecommunication Services — 5.2%  

KDDI Corp.

     4,614,500       134,320,991  

NTT DOCOMO Inc.

     3,267,100       89,505,227  

Softbank Corp.

     5,358,900       67,946,883  

SoftBank Group Corp.

     4,382,500       196,558,593  
   

 

 

  
      488,331,694  
   

 

 

  

Total Common Stocks — 98.8%
(Cost: $10,872,011,004)

 

     9,336,733,381  
   

 

 

  
Short-Term Investments  
Money Market Funds — 0.4%            

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

    37,832,573       37,889,321  

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

    4,520,000       4,520,000  
   

 

 

  
      42,409,321  
   

 

 

  

Total Short-Term Investments — 0.4%
(Cost: $42,376,759)

 

     42,409,321  
   

 

 

  

Total Investments in Securities — 99.2%
(Cost: $10,914,387,763)

 

     9,379,142,702  

Other Assets, Less Liabilities — 0.8%

       75,072,256  
   

 

 

  

Net Assets — 100.0%

     $ 9,454,214,958  
   

 

 

  

 

(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)

May 31, 2020

   

iShares® MSCI Japan ETF

 

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

      53,752,562        (15,919,989 )       37,832,573      $ 37,889,321      $ 205,001 (b)     $ (12,837 )     $ 20,319  

BlackRock Cash Funds: Treasury, SL Agency Shares

      5,212,000        (692,000 )       4,520,000        4,520,000        61,949        —        —  
           

 

 

     

 

 

     

 

 

     

 

 

  
            $ 42,409,321      $ 266,950      $ (12,837 )     $ 20,319  
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (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

            

TOPIX Index

      952        06/11/20      $ 137,761      $ 13,237,028  
           

 

 

  

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

    $ 9,336,733,381        $             —        $             —        $ 9,336,733,381  

Money Market Funds

      42,409,321          —          —          42,409,321  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 9,379,142,702        $ —        $ —        $ 9,379,142,702  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative financial instruments(a)

                 

Assets

                  

Futures Contracts

    $ 13,237,028        $ —        $ —        $ 13,237,028  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a)

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

 

 

 

     5