NPORT-EX 2 NPORT_2QNX_99112350_1121.htm

 

Schedule of Investments (unaudited) iShares® Currency Hedged MSCI Emerging Markets ETF
November 30, 2021 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Investment Companies          
           
Exchange-Traded Funds — 100.1%          
iShares MSCI Emerging Markets ETF(a)   3,910,762   $191,001,616 
           
Total Investment Companies — 100.1%          
(Cost: $177,828,898)       191,001,616 
           
Short-Term Investments          
           
Money Market Funds — 0.9%          
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(a)(b)   1,720,000    1,720,000 
           
Total Short-Term Investments — 0.9%          
(Cost: $1,720,000)       1,720,000 
           
Total Investments in Securities — 101.0%          
(Cost: $179,548,898)       192,721,616 
           
Other Assets, Less Liabilities — (1.0)%       (1,998,666)
           
Net Assets — 100.0%      $190,722,950 

 

 

(a) Affiliate of the Fund.

(b) Annualized 7-day yield as of period end.

 



Affiliates

 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer  Value at 08/31/21   Purchases
at Cost		   Proceeds
from Sales		   Net Realized Gain (Loss)   Change in Unrealized Appreciation (Depreciation)   Value at 11/30/21   Shares
Held at 11/30/21		   Income     Capital Gain Distributions from Underlying Funds  
BlackRock Cash Funds: Treasury, SL Agency Shares  $370,000   $1,350,000(a)   $—   $—   $—    1,720,000    1,720,000   $9   $ 100  
iShares MSCI Emerging Markets ETF   202,917,841    13,427,019    (11,766,143)   2,095,770    (15,672,871)   191,001,616    3,910,762    —     —  
                  $2,095,770   $(15,672,871)  $192,721,616        $9   $ —  

 

(a)Represents net amount purchased (sold).

 

Derivative Financial Instruments Outstanding as of Period End

 

Forward Foreign Currency Exchange Contracts

 

Currency Purchased  Currency Sold   Counterparty   Settlement Date  Unrealized
Appreciation
(Depreciation)		 
BRL  47,439,000   USD  8,366,136   MS   12/03/21  $70,325 
CLP  929,008,000   USD  1,115,135   MS   12/03/21   7,586 
CNY  64,607,320   USD  10,129,854   MS   12/03/21   17,088 
EUR  2,323,000   USD  2,614,924   MS   12/03/21   19,640 
INR  1,822,147,000   USD  24,227,614   MS   12/03/21   19,416 
MXN  77,491,000   USD  3,605,016   MS   12/03/21   8,018 
RUB  513,366,000   USD  6,893,530   MS   12/03/21   38,552 
THB  109,491,000   USD  3,241,489   MS   12/03/21   7,704 
TWD  7,799,000   USD  280,171   MS   12/03/21   590 
USD  295,190   BRL  1,640,000   MS   12/03/21   3,535 
USD  1,170,852   CLP  952,738,000   MS   12/03/21   19,452 
USD  2,629,491   EUR  2,271,000   MS   12/03/21   53,902 

 

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Schedule of Investments (unaudited) (continued) iShares® Currency Hedged MSCI Emerging Markets ETF
November 30, 2021  

 

Forward Foreign Currency Exchange Contracts (continued)

 

Currency Purchased  Currency Sold   Counterparty   Settlement Date  Unrealized
Appreciation
(Depreciation)		 
USD  48,485,829   HKD  377,166,000   MS   12/03/21  $118,812 
USD  909,146   INR  67,651,000   MS   12/03/21   8,924 
USD  28,548,121   KRW  33,560,335,000   MS   12/03/21   281,515 
USD  3,796,354   MXN  78,381,000   MS   12/03/21   141,824 
USD  2,704,986   MYR  11,245,000   MS   12/03/21   35,369 
USD  7,196,462   RUB  513,975,000   MS   12/03/21   256,157 
USD  3,309,186   THB  110,520,000   MS   12/03/21   29,457 
USD  513,443   TRY  5,042,000   MS   12/03/21   145,367 
USD  278,752   TWD  7,739,000   MS   12/03/21   152 
USD  6,296,109   ZAR  96,122,000   MS   12/03/21   253,398 
ZAR  95,224,000   USD  5,940,214   MS   12/03/21   46,044 
BRL  1,869,000   USD  325,735   MS   01/05/22   4,402 
CNY  25,000   USD  3,910   MS   01/05/22   5 
EUR  188,000   USD  211,930   MS   01/05/22   1,599 
INR  65,116,000   USD  862,909   MS   01/05/22   1,744 
KRW  607,579,000   USD  512,110   MS   01/05/22   1,183 
MXN  2,833,000   USD  130,915   MS   01/05/22   302 
THB  3,647,000   USD  107,998   MS   01/05/22   256 
USD  12,215   BRL  69,000   MS   01/05/22   27 
USD  119,859   CNY  765,000   MS   01/05/22   75 
USD  48,006,606   HKD  374,259,000   MS   01/05/22   11,499 
USD  35,989   INR  2,710,000   MS   01/05/22   4 
USD  12,318   MYR  52,000   MS   01/05/22   1 
USD  440,263   TRY  5,948,000   MS   01/05/22   12,330 
USD  46,402   TWD  1,280,000   MS   01/05/22   9 
USD  9,098   ZAR  145,000   MS   01/05/22   25 
ZAR  4,472,000   USD  277,749   MS   01/05/22   2,075 
RUB  50,658,000   USD  675,401   MS   01/11/22   820 
USD  171,208   RUB  12,822,000   MS   01/11/22   51 
                      1,619,234 
BRL  421,000   USD  76,312   MS   12/03/21   (1,442)
CLP  38,218,000   USD  46,946   MS   12/03/21   (758)
HKD  377,193,000   USD  48,384,761   MS   12/03/21   (14,282)
INR  17,246,000   USD  231,341   MS   12/03/21   (1,851)
KRW  33,989,591,000   USD  28,651,613   MS   12/03/21   (23,461)
MXN  890,000   USD  42,845   MS   12/03/21   (1,348)
MYR  11,246,000   USD  2,670,749   MS   12/03/21   (894)
RUB  6,478,000   USD  89,205   MS   12/03/21   (1,731)
THB  1,029,000   USD  31,433   MS   12/03/21   (897)
TRY  5,042,000   USD  380,718   MS   12/03/21   (12,642)
TWD  813,582,000   USD  29,368,537   MS   12/03/21   (79,970)
USD  8,140,773   BRL  46,220,000   MS   12/03/21   (78,902)
USD  17,401   CLP  14,488,000   MS   12/03/21   (108)
USD  10,068,381   CNY  64,607,320   MS   12/03/21   (78,561)
USD  58,687   EUR  52,000   MS   12/03/21   (287)
USD  3,462   HKD  27,000   MS   12/03/21   — 
USD  23,557,975   INR  1,771,742,000   MS   12/03/21   (18,324)
USD  360,455   KRW  429,256,000   MS   12/03/21   (1,092)
USD  237   MYR  1,000   MS   12/03/21   (1)

 

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Schedule of Investments (unaudited) (continued) iShares® Currency Hedged MSCI Emerging Markets ETF
November 30, 2021  

 

Forward Foreign Currency Exchange Contracts (continued)

 

Currency Purchased  Currency Sold   Counterparty   Settlement Date  Unrealized
Appreciation
(Depreciation)		 
                        
USD  78,601   RUB  5,869,000   MS   12/03/21  $(649)
USD  29,243,734   TWD  813,642,000   MS   12/03/21   (46,993)
USD  439   ZAR  7,000   MS   12/03/21   (1)
ZAR  905,000   USD  58,234   MS   12/03/21   (1,342)
HKD  28,703,000   USD  3,681,921   MS   01/05/22   (1,039)
MYR  490,000   USD  116,137   MS   01/05/22   (76)
USD  8,050,982   BRL  45,956,000   MS   01/05/22   (66,598)
USD  1,151,351   CLP  962,606,000   MS   01/05/22   (7,759)
USD  10,005,863   CNY  63,984,320   MS   01/05/22   (12,804)
USD  2,641,405   EUR  2,343,000   MS   01/05/22   (19,763)
USD  23,911,689   INR  1,805,159,000   MS   01/05/22   (58,405)
USD  28,413,675   KRW  33,724,349,000   MS   01/05/22   (77,257)
USD  3,624,849   MXN  78,456,000   MS   01/05/22   (9,021)
USD  2,634,310   MYR  11,128,000   MS   01/05/22   (1,470)
USD  3,238,172   THB  109,656,000   MS   01/05/22   (16,736)
USD  29,714,209   TWD  822,019,000   MS   01/05/22   (79,112)
USD  6,067,344   ZAR  97,719,000   MS   01/05/22   (47,183)
USD  6,836,221   RUB  513,366,000   MS   01/11/22   (16,572)
                      (779,331)
   Net unrealized appreciation .  $839,903 

 

Fair Value Measurements

 

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows: 

•Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

•Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

•Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments).

 

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

 

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Schedule of Investments (unaudited) (continued) iShares® Currency Hedged MSCI Emerging Markets ETF
November 30, 2021  

 

Fair Value Measurements (continued)

 

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

 

   Level 1   Level 2   Level 3   Total 
Investments                
Assets                
Investment Companies  $191,001,616   $—   $—   $191,001,616 
Money Market Funds   1,720,000    —    —    1,720,000 
   $192,721,616   $—   $—   $192,721,616 
Derivative financial instruments(a)                    
Assets                    
Forward Foreign Currency Exchange Contracts  $—   $1,619,234   $—   $1,619,234 
Liabilities                    
Forward Foreign Currency Exchange Contracts   —    (779,331)   —    (779,331)
   $—   $839,903   $—   $839,903 

 

(a)Derivative financial instruments are forward foreign currency exchange contracts. Forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

Counterparty Abbreviations

 

MSMorgan Stanley & Co. International PLC

 

Currency Abbreviations

 

BRL Brazilian Real
CLP Chilean Peso
CNY Chinese Yuan
EUR Euro
HKD Hong Kong Dollar
INR Indian Rupee
KRW South Korean Won
MXN Mexican Peso
MYR Malaysian Ringgit
RUB Russian Ruble
THB Thai Baht
TRY Turkish Lira
TWD New Taiwan Dollar
USD United States Dollar
ZAR South African Rand


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