NPORT-EX 2 NPORT_0BI5_73995879_1122.htm

 

Schedule of Investments (unaudited) iShares® MSCI Mexico ETF
November 30, 2022 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Common Stocks          
           
Airlines — 0.6%          
Controladora Vuela Cia. de Aviacion SAB de CV, Class A(a)(b)   6,421,105   $6,373,181 
           
Auto Components — 0.5%          
Nemak SAB de CV(a)(c)   18,621,289    5,549,519 
           
Banks — 16.0%          
Banco del Bajio SA(c)   5,310,360    17,725,053 
Grupo Financiero Banorte SAB de CV, Class O   14,501,761    115,975,004 
Grupo Financiero Inbursa SAB de CV, Class O(a)(b)   14,025,866    26,046,791 
Regional SAB de CV   1,755,100    12,851,691 
         172,598,539 
Beverages — 11.3%          
Arca Continental SAB de CV   2,898,929    24,193,301 
Coca-Cola Femsa SAB de CV   1,892,078    12,902,493 
Fomento Economico Mexicano SAB de CV   10,586,510    84,356,279 
         121,452,073 
Building Products — 0.4%          
Grupo Rotoplas SAB de CV(b)   2,300,071    3,914,913 
           
Capital Markets — 0.7%          
Bolsa Mexicana de Valores SAB de CV   3,669,687    7,210,419 
           
Chemicals — 1.2%          
Orbia Advance Corp. SAB de CV   6,852,842    13,400,940 
           
Construction Materials — 4.9%          
Cemex SAB de CV, NVS(a)   95,065,729    43,605,872 
GCC SAB de CV   1,300,700    9,366,604 
         52,972,476 
Consumer Finance — 0.9%          
Gentera SAB de CV   8,637,977    9,213,723 
           
Diversified Telecommunication Services — 1.3%          
Operadora De Sites Mexicanos SAB de CV   9,467,646    10,383,300 
Sitios Latinoamerica SAB de CV(a)   7,751,122    3,487,081 
         13,870,381 
Equity Real Estate Investment Trusts (REITs) — 5.6%          
Concentradora Fibra Danhos SA de CV(b)   3,501,154    4,231,725 
FIBRA Macquarie Mexico(c)   5,991,800    8,943,912 
Fibra Uno Administracion SA de CV   20,130,500    25,009,230 
PLA Administradora Industrial S. de RL de CV(b)   6,105,904    8,854,732 
Prologis Property Mexico SA de CV   4,361,638    13,448,422 
         60,488,021 
Food & Staples Retailing — 12.1%          
Grupo Comercial Chedraui SA de CV   1,619,200    7,040,255 
La Comer SAB de CV(b)   3,970,771    7,448,026 
Wal-Mart de Mexico SAB de CV(b)   29,240,133    116,269,462 
         130,757,743 
Food Products — 5.3%          
Gruma SAB de CV, Class B   1,399,360    17,466,978 
Grupo Bimbo SAB de CV, Series A(b)   8,485,004    36,035,100 
Grupo Herdez SAB de CV   1,947,224    3,988,509 
         57,490,587 
Hotels, Restaurants & Leisure — 0.8%          
Alsea SAB de CV(a)   4,200,566    8,375,442 
           
Household Products — 1.6%          
Kimberly-Clark de Mexico SAB de CV, Class A   10,362,454    17,616,279 

 

Security  Shares   Value 
           
Industrial Conglomerates — 2.6%          
Alfa SAB de CV, Class A   20,300,100   $14,067,189 
Grupo Carso SAB de CV, Series A1   3,163,020    13,660,954 
         27,728,143 
Insurance — 0.7%          
Qualitas Controladora SAB de CV   1,648,320    6,947,309 
           
Media — 1.6%          
Grupo Televisa SAB, CPO   15,583,447    17,114,815 
           
Metals & Mining — 5.9%          
Grupo Mexico SAB de CV, Series B   12,368,186    50,436,865 
Industrias Penoles SAB de CV   978,568    13,155,435 
         63,592,300 
Pharmaceuticals — 0.5%          
Genomma Lab Internacional SAB de CV, Class B   6,941,313    5,612,340 
           
Real Estate Management & Development — 1.0%          
Corp Inmobiliaria Vesta SAB de CV   4,703,149    10,518,341 
           
Road & Rail — 0.4%          
Grupo Traxion SAB de CV(a)(b)(c)   3,015,500    4,366,802 
           
Transportation Infrastructure — 9.2%          
Grupo Aeroportuario del Centro Norte SAB de CV   1,975,505    17,130,804 
Grupo Aeroportuario del Pacifico SAB de CV, Class B   2,286,249    36,894,708 
Grupo Aeroportuario del Sureste SAB de CV, Class B   1,253,330    31,007,153 
Promotora y Operadora de Infraestructura SAB de CV   1,603,510    14,148,520 
         99,181,185 
Wireless Telecommunication Services — 14.4%          
America Movil SAB de CV, Series L, NVS   159,984,718    155,639,741 
           
Total Long-Term Investments — 99.5%          
(Cost: $1,242,182,793)        1,071,985,212 
         
Short-Term Securities        
         
Money Market Funds — 1.3%        
BlackRock Cash Funds: Institutional, SL Agency Shares, 4.06%(d)(e)(f)   13,079,936    13,081,244 
BlackRock Cash Funds: Treasury, SL Agency Shares, 3.64%(d)(e)   830,000    830,000 
           
Total Short-Term Securities — 1.3%          
(Cost: $13,906,953)        13,911,244 
           
Total Investments — 100.8%          
(Cost: $1,256,089,746)        1,085,896,456 
           
Liabilities in Excess of Other Assets — (0.8)%        (8,124,394)
           
Net Assets — 100.0%       $1,077,772,062 

 

(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.

 

1

 

 

Schedule of Investments (unaudited) (continued) iShares® MSCI Mexico ETF
November 30, 2022  

 

Affiliates

 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer  Value at
08/31/22		   Purchases
at Cost		   Proceeds
from Sale		   Net Realized
Gain (Loss)		   Change in
Unrealized
Appreciation
(Depreciation)		   Value at
11/30/22		  Shares
Held at
11/30/22		   Income   Capital
Gain
Distributions
from
Underlying
Funds		 
BlackRock Cash Funds: Institutional, SL Agency Shares  $18,525,691   $—   $(5,441,568)(a)   $1,803   $(4,682)  $13,081,244   13,079,936   $23,299(b)   $— 
BlackRock Cash Funds: Treasury, SL Agency Shares   250,000    580,000(a)    —    —    —    830,000   830,000    3,163    — 
                  $1,803   $(4,682)  $13,911,244       $26,462   $— 

 

(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                 
Mexican BOLSA Index   207   12/16/22  $5,541  $40,960 

 

Fair Value Hierarchy as of Period End

 

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 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 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.

 

2

 

 

Schedule of Investments (unaudited) (continued) iShares® MSCI Mexico ETF
November 30, 2022  

 

Fair Value Hierarchy as of Period End (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                    
Common Stocks  $1,071,985,212   $—   $—   $1,071,985,212 
Money Market Funds   13,911,244    —    —    13,911,244 
   $1,085,896,456   $—   $—   $1,085,896,456 
Derivative financial instruments(a)                    
Assets                    
Futures Contracts  $40,960   $—   $—   $40,960 

 

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

 

Portfolio Abbreviation

 

CPOCertificates of Participation (Ordinary)

NVSNon-Voting Shares

 

3