NPORT-EX 2 NPORT_2QNA_82841875_1121.htm

Schedule of Investments (unaudited)

 iShares® MSCI Colombia ETF
November 30, 2021 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Common Stocks          
           
Banks — 10.0%          
Banco de Bogota SA   7,078   $124,906 
Bancolombia SA   338,679    2,744,190 
Grupo Aval Acciones y Valores SA   297,611    83,435 
Grupo Bolivar SA, NVS   31,863    587,013 
         3,539,544 
Building Products — 4.3%          
Tecnoglass Inc.   48,797    1,501,972 
           
Capital Markets — 1.2%          
Bolsa de Valores de Colombia   169,179    406,538 
           
Construction & Engineering — 0.3%          
Construcciones El Condor SA   364,755    65,738 
Constructora Conconcreto SA(a)   924,560    52,072 
         117,810 
Construction Materials — 3.4%          
Cementos Argos SA   306,936    461,748 
Grupo Argos SA   237,431    748,844 
         1,210,592 
Diversified Financial Services — 5.1%          
Corp. Financiera Colombiana SA(a)   46,841    337,443 
Grupo de Inversiones Suramericana SA   233,203    1,468,099 
         1,805,542 
Electric Utilities — 13.1%          
Celsia SA ESP   208,304    211,224 
Enel Americas SA   8,768,909    1,129,861 
Interconexion Electrica SA ESP   590,807    3,297,871 
         4,638,956 
Food & Staples Retailing — 2.1%          
Cia Brasileira de Distribuicao   183,000    741,150 
           
Food Products — 5.7%          
Grupo Nutresa SA   274,697    1,997,484 
           
Gas Utilities — 4.7%          
Grupo Energia Bogota SA ESP   2,355,358    1,552,944 
Promigas SA ESP   67,912    124,095 
         1,677,039 
Independent Power and Renewable Electricity Producers — 2.0% 
Brookfield Renewable Corp., Class A   19,349    719,463 
           
Metals & Mining — 1.3%          
Mineros SA   506,201    467,555 
           
Oil, Gas & Consumable Fuels — 20.4%          
Canacol Energy Ltd.   434,951    1,069,119 
Ecopetrol SA   6,629,441    4,314,530 
Empresas COPEC SA   131,211    967,857 
Security  Shares   Value 
         
Oil, Gas & Consumable Fuels (continued)          
Parex Resources Inc.   54,768   $878,037 
         7,229,543 
Specialty Retail — 1.1%          
Organizacion Terpel SA(a)   183,849    385,185 
           
Wireless Telecommunication Services — 2.5%      
Millicom International Cellular SA, SDR(a)   28,573    897,894 
           
Total Common Stocks — 77.2%
(Cost: $24,623,219)		        27,336,267 
           
Preferred Stocks          
           
Banks — 20.4%          
Banco Davivienda SA, Preference Shares, NVS(a)   191,436    1,485,486 
Bancolombia SA, Preference Shares, NVS   608,569    4,935,578 
Grupo Aval Acciones y Valores SA, Preference Shares, NVS   3,096,804    813,929 
         7,234,993 
Construction Materials — 0.7%          
Cementos Argos SA, Preference Shares, NVS   114,068    120,778 
Grupo Argos SA/Colombia, Preference Shares, NVS   60,792    134,138 
         254,916 
Diversified Financial Services — 1.0%          
Corp. Financiera Colombiana SA, Preference Shares, NVS(a)   14,030    82,599 
Grupo de Inversiones Suramericana SA, Preference Shares, NVS   51,937    258,970 
         341,569 
           
Total Preferred Stocks — 22.1%
(Cost: $7,252,319)		        7,831,478 
           
Short-Term Investments          
           
Money Market Funds — 0.2%          
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(b)(c)   60,000    60,000 
           
Total Short-Term Investments — 0.2%
(Cost: $60,000)		        60,000 
           
Total Investments in Securities — 99.5%
(Cost: $31,935,538).		        35,227,745 
           
Other Assets, Less Liabilities — 0.5%        177,551 
           
Net Assets — 100.0%       $35,405,296 

 

(a)Non-income producing security.

(b)Affiliate of the Fund.

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


 

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Schedule of Investments (unaudited) (continued)

 iShares® MSCI Colombia ETF
November 30, 2021  

 

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  $10,000   $50,000(a)  $—   $—   $—   $60,000    60,000   $1   $— 

 

(a)Represents net amount purchased (sold).

 

Derivative Financial Instruments Outstanding as of Period End

 

Futures Contracts

 

Description  Number of
Contracts		   Expiration
Date		  Notional
Amount
(000)		   Value/
Unrealized
Appreciation
(Depreciation)		 
Long Contracts                  
MSCI Emerging Markets Index   2   12/17/21  $121   $(14)

 

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.

 

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                    
Common Stocks  $25,308,512   $2,027,755   $—   $27,336,267 
Preferred Stocks   7,831,478    —    —    7,831,478 
Money Market Funds   60,000    —    —    60,000 
   $33,199,990   $2,027,755   $—   $35,227,745 
Derivative financial instruments(a)                    
Liabilities                    
Futures Contracts  $(14)  $—   $—   $(14)

 

(a)Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

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Schedule of Investments (unaudited) (continued)

 iShares® MSCI Colombia ETF
November 30, 2021  

 

Portfolio Abbreviations - Equity

 

NVS Non-Voting Shares
SDR Swedish Depositary Receipt

 

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