NPORT-EX 2 NPORT_11629925733384857.htm iShares MSCI Frontier 100 ETF

Schedule of Investments  (unaudited)

May 31, 2020

   

iShares® MSCI Frontier 100 ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    
Bahrain — 7.1%            

Ahli United Bank BSC

     31,494,487     $ 18,487,116  

Aluminium Bahrain BSC

     1,026,675       897,253  

Bahrain Telecommunications Co. BSC

     3,244,803       3,274,020  

GFH Financial Group BSC

     16,654,750       2,448,461  

Ithmaar Holding BSC(a)(b)

    7,341,331       514,738  
   

 

 

  
      25,621,588  
Bangladesh — 6.3%            

Bangladesh Export Import Co. Ltd.

     5,011,247       800,021  

Beximco Pharmaceuticals Ltd.

     2,589,856       1,977,020  

BRAC Bank Ltd.(b)

    5,246,700       1,933,925  

City Bank Ltd. (The)

     4,881,298       1,001,471  

GrameenPhone Ltd.

     847,360       2,379,184  

LafargeHolcim Bangladesh Ltd.(b)

    3,262,335       1,453,693  

National Bank Ltd.(b)

    14,058,413       1,190,130  

Olympic Industries Ltd.

     1,066,833       1,959,275  

Square Pharmaceuticals Ltd.

     4,171,259       8,460,226  

Summit Power Ltd.

     3,326,394       1,400,175  
   

 

 

  
      22,555,120  
Croatia — 0.0%            

Valamar Riviera DD(b)

    35,172       142,270  
   

 

 

  
Estonia — 0.3%            

LHV Group AS

     32,215       444,346  

Tallink Grupp AS

     467,023       425,984  
   

 

 

  
      870,330  
Jordan — 1.7%            

Arab Bank PLC(b)

    499,032       3,160,302  

Jordan Islamic Bank(b)

    321,193       1,105,375  

Jordan Petroleum Refinery Co.

     454,067       1,850,851  
   

 

 

  
      6,116,528  
Kazakhstan — 3.4%            

Halyk Savings Bank of Kazakhstan JSC,
GDR(c)

    630,298       6,649,644  

KCell JSC, GDR(c)(d)

    204,382       1,073,005  

NAC Kazatomprom JSC, GDR

     294,028       4,292,809  
   

 

 

  
      12,015,458  
Kenya — 8.4%            

East African Breweries Ltd.

     2,497,134       3,787,787  

Equity Group Holdings PLC/Kenya

     17,763,466       5,862,942  

KCB Group Ltd.

     16,184,516       5,372,108  

Safaricom PLC

     56,487,705       15,100,412  
   

 

 

  
      30,123,249  
Kuwait — 26.5%            

Agility Public Warehousing Co. KSC

     2,478,459       5,337,106  

ALAFCO Aviation Lease & Finance Co. KSCP

     690,203       344,710  

Alimtiaz Investment Group KSC(b)

    2,041,132       530,886  

Boubyan Bank KSCP

     1,931,807       3,207,670  

Boubyan Petrochemicals Co. KSCP

     1,053,196       1,827,339  

Burgan Bank SAK

     2,017,737       1,328,363  

Gulf Bank KSCP

     3,891,098       2,851,916  

Humansoft Holding Co. KSC(b)

    235,474       2,048,131  

Integrated Holding Co. KCSC

     393,010       511,098  

Jazeera Airways Co. KSC(b)

    246,017       439,615  

Kuwait Finance House KSCP

     9,774,787       19,780,986  

Kuwait International Bank KSCP

     1,457,910       851,058  

Kuwait Projects Co. Holding KSCP

     1,608,036       855,255  

Mabanee Co. SAK

     1,414,015       2,783,548  

Mezzan Holding Co. KSCC

     284,707       537,375  
Security   Shares     Value  
Kuwait (continued)            

Mobile Telecommunications Co. KSC

     5,549,726     $ 9,485,019  

National Bank of Kuwait SAKP

     15,532,078       39,037,978  

National Industries Group Holding SAK

     2,699,522       1,523,324  

National Real Estate Co. KPSC(b)

    2,123,454       451,066  

Warba Bank KSCP(b)

    2,074,155       1,399,138  
   

 

 

  
      95,131,581  
Mauritius — 0.4%            

Lighthouse Capital Ltd.(d)

    3,432,053       1,526,265  
   

 

 

  
Morocco — 10.5%  

Attijariwafa Bank

     267,555       9,443,311  

Banque Centrale Populaire

     163,193       3,572,789  

Cosumar

     183,022       3,482,638  

Label Vie

     6,868       2,065,712  

Maroc Telecom

     1,156,445       15,794,227  

Societe d’Exploitation des Ports

     136,013       2,602,041  

TOTAL Maroc SA

     8,435       793,899  
   

 

 

  
      37,754,617  
Nigeria — 7.2%            

Access Bank PLC

     115,104,760       1,878,722  

Afriland Properties PLC(b)

    8,020       37  

Dangote Cement PLC

     15,111,081       4,828,598  

FBN Holdings PLC

     95,143,544       1,170,156  

Guaranty Trust Bank PLC

     88,529,078       4,884,363  

MTN Nigeria Communications PLC

     14,749,636       3,933,236  

Nestle Nigeria PLC

     1,671,590       3,823,522  

United Bank for Africa PLC

     109,736,649       1,677,583  

Zenith Bank PLC

     94,479,238       3,670,573  
   

 

 

  
      25,866,790  
Oman — 3.6%            

Bank Dhofar SAOG

     40,000       10,804  

Bank Muscat SAOG

     7,734,355       6,949,972  

Bank Nizwa SAOG(b)

    5,093,748       1,256,736  

Oman Telecommunications Co. SAOG

     1,638,050       2,705,622  

Ooredoo

     1,380,070       1,469,494  

Sohar International Bank SAOG

     3,074,785       670,775  
   

 

 

  
      13,063,403  
Romania — 8.4%            

Banca Transilvania SA

     25,217,873       11,819,656  

BRD-Groupe Societe Generale SA(b)

    1,337,394       3,668,849  

OMV Petrom SA

     70,386,856       5,563,092  

Societatea Energetica Electrica SA

     857,260       2,146,867  

Societatea Nationala de Gaze Naturale ROMGAZ SA

     722,454       5,062,631  

Transgaz SA Medias

     28,267       1,948,351  
   

 

 

  
      30,209,446  
Sri Lanka — 1.2%            

John Keells Holdings PLC

     5,463,828       3,229,892  

Sampath Bank PLC(b)

    1,395,934       888,901  
   

 

 

  
      4,118,793  
Vietnam — 12.3%            

Bank for Foreign Trade of Vietnam JSC

     952,965       3,487,431  

Bank for Investment and Development of Vietnam JSC

     427,770       736,790  

Bao Viet Holdings

     67,080       143,919  

FLC Faros Construction JSC(b)

    2       0 (e)  

Ho Chi Minh City Development Joint Stock Commercial Bank(b)

    480,760       499,727  

Hoa Phat Group JSC(b)

    3,296,242       3,879,348  

Hoang Huy Investment Financial Services JSC

     192,190       175,007  

Kinh Bac City Development Share Holding Corp.

     275,050       165,988  
 

 

 

     1  

Schedule of Investments  (unaudited) (continued)

May 31, 2020

   

iShares® MSCI Frontier 100 ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Vietnam (continued)        

Masan Group Corp.(b)

    1,064,710     $ 2,867,398  

No Va Land Investment Group Corp.(b)

    611,739       1,411,008  

PetroVietnam Gas JSC

     168,050       537,032  

PetroVietnam Power Corp.(b)

    1,230,330       541,670  

PetroVietnam Technical Services Corp.

     19,398       10,498  

Saigon Beer Alcohol Beverage Corp.

     154,760       1,172,591  

Saigon Thuong Tin Commercial JSB(b)

    1,206,389       533,720  

SSI Securities Corp.

     582,190       370,097  

Thanh Thanh Cong — Bien Hoa JSC

     474,828       303,887  

Vietjet Aviation JSC

     420,480       2,040,858  

Vietnam Dairy Products JSC

     1,539,618       7,605,011  

Vietnam Electrical Equipment JSC(b)

    274,611       205,827  

Vietnam National Petroleum Group

     227,910       451,777  

Viglacera Corp. JSC(b)

    403,800       326,072  

Vincom Retail JSC

     1,776,107       2,097,929  

Vingroup JSC(b)

    1,959,238       8,162,966  

Vinh Hoan Corp.

     170,680       246,326  

Vinhomes JSC(f)

    1,862,945       6,129,398  
   

 

 

  
      44,102,275  
   

 

 

  

Total Common Stocks — 97.3%
(Cost: $347,150,454)

 

     349,217,713  
   

 

 

  

Short-Term Investments

    

Money Market Funds — 0.0%

 

BlackRock Cash Funds: Institutional,
SL Agency Shares,
    0.69%(g)(h)(i)

    145,608       145,826  
   

 

 

  

Total Short-Term Investments — 0.0%
(Cost: $145,818)

 

     145,826  
   

 

 

  

Total Investments in Securities — 97.3%
(Cost: $347,296,272)

 

     349,363,539  

Other Assets, Less Liabilities — 2.7%

 

     9,730,377  
   

 

 

  

Net Assets — 100.0%

 

   $   359,093,916  
   

 

 

  

 

(a) 

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(b) 

Non-income producing security.

(c) 

This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

(d) 

All or a portion of this security is on loan.

(e) 

Rounds to less than $1.

(f) 

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.

(g) 

Affiliate of the Fund.

(h) 

Annualized 7-day yield as of period-end.

(i) 

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

      5,535        140,073        145,608      $ 145,826      $ 252 (b)     $ —      $ 6  

BlackRock Cash Funds: Treasury,
SL Agency Shares

      —        —        —        —        3,602        —        —  
           

 

 

     

 

 

     

 

 

     

 

 

  
            $ 145,826      $ 3,854      $ —      $ 6  
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (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.

 

 

 

2   

Schedule of Investments  (unaudited) (continued)

May 31, 2020

   

iShares® MSCI Frontier 100 ETF

 

Futures Contracts

 

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

Long Contracts

            

MSCI Emerging Markets E-Mini Index

      1        06/19/20      $ 47      $ 1,442  
           

 

 

  

Forward Foreign Currency Exchange Contracts

 

Currency Purchased

       

Currency Sold

        Counterparty      Settlement Date              Unrealized
Appreciation
(Depreciation)		  

USD

     1,258,200        NGN     544,800,700        BOA      11/10/20           $ (20,567 ) 

USD

     902,005        NGN             420,389,545        CITI      11/10/20             (84,743 ) 
                            

 

 

  
                        (105,310 ) 
                            

 

 

  

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

    $ 331,078,362        $ 17,624,613        $ 514,738        $ 349,217,713  

Money Market Funds

      145,826          —          —          145,826  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 331,224,188        $ 17,624,613        $ 514,738        $ 349,363,539  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative financial instruments(a)

                 

Assets

                  

Futures Contracts

    $ 1,442        $ —        $ —        $ 1,442  

Liabilities

                  

Forward Foreign Currency Exchange Contracts

      —          (105,310 )         —          (105,310 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 1,442        $ (105,310 )       $ —        $ (103,868 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

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

 

 

Portfolio Abbreviations — Equity
GDR    Global Depositary Receipt
JSC    Joint Stock Company
Currency Abbreviations
NGN    Nigerian Naira
USD    United States Dollar

 

Counterparty Abbreviations
BOA    Bank of America N.A
CITI    Citibank N.A
 

 

 

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