NPORT-EX 2 NPORT_0BI0_75107741_0522.htm

 

Schedule of Investments (unaudited) iShares® MSCI Germany ETF
May 31, 2022 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Common Stocks          
           
Aerospace & Defense — 1.5%          
MTU Aero Engines AG   72,208   $14,297,698 
Rheinmetall AG   59,014    11,929,648 
         26,227,346 
Air Freight & Logistics — 3.3%          
Deutsche Post AG, Registered   1,342,958    55,576,475 
           
Airlines — 0.3%          
Deutsche Lufthansa AG, Registered(a)(b)   812,485    5,984,261 
           
Auto Components — 0.7%          
Continental AG   147,908    11,364,263 
           
Automobiles — 7.4%          
Bayerische Motoren Werke AG   448,576    38,971,740 
Mercedes-Benz Group AG   1,087,075    77,464,314 
Volkswagen AG   39,979    9,062,001 
         125,498,055 
Banks — 0.7%          
Commerzbank AG(a)   1,442,207    12,577,367 
           
Capital Markets — 4.4%          
Deutsche Bank AG, Registered   2,800,835    31,360,425 
Deutsche Boerse AG   257,415    43,261,957 
         74,622,382 
Chemicals — 6.4%          
BASF SE   1,244,370    68,721,265 
Covestro AG(c)   260,091    11,922,084 
Evonik Industries AG   284,666    7,638,168 
Symrise AG   179,897    19,878,910 
         108,160,427 
Construction Materials — 0.7%          
HeidelbergCement AG   196,195    11,458,415 
           
Diversified Telecommunication Services — 5.9%          
Deutsche Telekom AG, Registered   4,391,228    90,352,117 
Telefonica Deutschland Holding AG   1,411,444    4,492,160 
United Internet AG, Registered   132,172    4,343,478 
         99,187,755 
Electrical Equipment — 0.7%          
Siemens Energy AG(a)   590,682    11,421,283 
           
Health Care Equipment & Supplies — 1.8%          
Carl Zeiss Meditec AG, Bearer   54,491    7,290,566 
Siemens Healthineers AG(c)   381,334    22,916,067 
         30,206,633 
Health Care Providers & Services — 2.1%          
Fresenius Medical Care AG & Co. KGaA   277,988    16,958,255 
Fresenius SE & Co. KGaA   566,750    19,438,651 
         36,396,906 
Household Products — 0.6%          
Henkel AG & Co. KGaA   140,642    9,494,651 
           
Independent Power and Renewable Electricity Producers — 2.5%          
RWE AG   870,346    38,404,414 
Uniper SE   124,735    3,228,028 
         41,632,442 
Industrial Conglomerates — 8.1%          
Siemens AG, Registered   1,036,434    136,812,314 
Security  Shares   Value 
         
Insurance — 10.4%          
Allianz SE, Registered   553,385   $116,163,102 
Hannover Rueck SE   81,602    12,496,616 
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered   189,808    46,572,144 
         175,231,862 
Interactive Media & Services — 0.4%          
Scout24 SE(c)   108,652    6,739,403 
           
Internet & Direct Marketing Retail — 1.7%          
Delivery Hero SE(a)(b)(c)   221,313    8,535,643 
HelloFresh SE(a)   222,522    8,309,347 
Zalando SE(a)(b)(c)   302,067    12,290,229 
         29,135,219 
IT Services — 0.3%          
Bechtle AG   109,704    4,905,606 
           
Life Sciences Tools & Services — 0.8%          
QIAGEN NV(a)   311,591    14,338,439 
           
Machinery — 2.6%          
Daimler Truck Holding AG(a)   613,222    19,197,082 
GEA Group AG   207,067    8,283,174 
KION Group AG   96,601    4,759,518 
Knorr-Bremse AG   97,388    6,657,017 
Rational AG   6,917    4,503,345 
         43,400,136 
Multi-Utilities — 1.8%          
E.ON SE   3,041,726    31,049,783 
           
Personal Products — 0.8%          
Beiersdorf AG   136,241    14,140,625 
           
Pharmaceuticals — 7.6%          
Bayer AG, Registered   1,331,004    95,230,681 
Merck KGaA   175,099    33,014,691 
         128,245,372 
Real Estate Management & Development — 3.1%          
Aroundtown SA   1,350,699    6,345,609 
LEG Immobilien SE(b)   98,843    10,189,031 
Vonovia SE(b)   946,932    36,119,417 
         52,654,057 
Semiconductors & Semiconductor Equipment — 3.3%          
Infineon Technologies AG   1,769,283    55,136,469 
           
Software — 8.7%          
Nemetschek SE   77,953    5,581,256 
SAP SE   1,414,706    141,819,972 
         147,401,228 
Textiles, Apparel & Luxury Goods — 3.4%          
adidas AG   234,234    46,534,671 
Puma SE   141,985    10,595,454 
         57,130,125 
Trading Companies & Distributors — 1.0%          
Brenntag SE   209,728    16,228,033 
           
Total Common Stocks — 93.0%          
(Cost: $2,246,028,220)        1,572,357,332 

 

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Schedule of Investments (unaudited) (continued) iShares® MSCI Germany ETF
May 31, 2022 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Preferred Stocks          
           
Automobiles — 3.8%          
Bayerische Motoren Werke AG, Preference Shares, NVS   77,680   $6,094,769 
Porsche Automobil Holding SE, Preference Shares, NVS   207,679    17,010,315 
Volkswagen AG, Preference Shares, NVS   251,433    41,963,486 
         65,068,570 
Health Care Equipment & Supplies — 0.8%          
Sartorius AG, Preference Shares, NVS   32,971    13,330,719 
           
Household Products — 1.0%          
Henkel AG & Co. KGaA, Preference Shares, NVS   241,635    16,542,485 
           
Total Preferred Stocks — 5.6%          
(Cost: $132,801,889)        94,941,774 
           
Short-Term Securities          
           
Money Market Funds — 1.8%          
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.87%(d)(e)(f)   30,139,571    30,139,571 
Security  Shares   Value 
         
Money Market Funds (continued)          
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.72%(d)(e)   900,000   $900,000 
         31,039,571 
Total Short-Term Securities — 1.8%          
(Cost: $31,039,571)        31,039,571 
           
Total Investments in Securities — 100.4%          
(Cost: $2,409,869,680)        1,698,338,677 
           
Liabilities in Excess of Other Assets — (0.4)%        (6,729,278)
           
Net Assets — 100.0%       $1,691,609,399 

 

(a)Non-income producing security.

(b)All or a portion of this security is on loan.

(c)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.

(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 the cash collateral from loaned securities.

 

Affiliates

 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended May 31, 2022 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 Sale		   Net Realized
Gain (Loss)		   Change in
Unrealized
Appreciation
(Depreciation)		   Value at
05/31/22		   Shares
Held at
05/31/22		   Income   Capital
Gain
Distributions
from
Underlying
Funds		 
BlackRock Cash Funds: Institutional, SL Agency Shares  $5,585,515   $24,555,035(a) $—   $(979)  $—   $30,139,571    30,139,571   $109,947(b) $— 
BlackRock Cash Funds: Treasury, SL Agency Shares   1,620,000    —    (720,000)(a)   —    —    900,000    900,000    915    — 
                  $(979)  $—   $31,039,571        $110,862   $— 
                                              
(a)Represents net amount purchased (sold).

(b)All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

 

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                  
DAX Index   57   06/17/22  $22,064   $913,039 

 

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;

 

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Schedule of Investments (unaudited) (continued) iShares® MSCI Germany ETF
May 31, 2022

 

Fair Value Measurements (continued)

 

•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  $—   $1,572,357,332   $—   $1,572,357,332 
Preferred Stocks   —    94,941,774    —    94,941,774 
Money Market Funds   31,039,571    —    —    31,039,571 
   $31,039,571   $1,667,299,106   $—   $1,698,338,677 
Derivative financial instruments(a)                    
Assets                    
Futures Contracts  $—   $913,039   $—   $913,039 

 

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

 

Portfolio Abbreviations - Equity

 

NVS Non-Voting Shares

 

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