NPORT-EX 2 NPORT_2Q1Q_68013469_1122.htm
Schedule of Investments (unaudited) iShares® MSCI Global Gold Miners ETF
November 30, 2022 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Common Stocks          
           
Australia — 6.8%          
De Grey Mining Ltd.(a)(b)   4,828,274   $4,312,487 
Newcrest Mining Ltd.   1,387,247    18,890,440 
St. Barbara Ltd.(a)   1,279,902    535,973 
West African Resources Ltd.(a)(b)   4,289,769    3,439,043 
         27,177,943 
Canada — 51.7%          
Agnico Eagle Mines Ltd.   887,829    44,716,511 
Alamos Gold Inc., Class A   1,028,817    9,973,441 
B2Gold Corp.   2,772,884    9,667,937 
Barrick Gold Corp.   3,517,637    57,400,388 
Calibre Mining Corp.(a)   2,880,989    1,927,584 
Centerra Gold Inc.   785,133    4,196,637 
Eldorado Gold Corp.(a)   630,658    4,833,724 
Equinox Gold Corp.(a)   1,101,659    3,881,994 
IAMGOLD Corp.(a)   1,869,621    3,822,219 
Kinross Gold Corp.   3,173,975    13,119,207 
Lundin Gold Inc.   388,007    3,827,716 
New Gold Inc.(a)   2,904,129    3,216,855 
SSR Mining Inc.   557,903    8,452,636 
Torex Gold Resources Inc.(a)   376,142    3,481,372 
Wesdome Gold Mines Ltd.(a)   533,490    3,601,152 
Wheaton Precious Metals Corp.   456,039    17,798,794 
Yamana Gold Inc.   2,372,037    12,925,719 
         206,843,886 
China — 4.7%          
Zijin Mining Group Co. Ltd., Class A   2,239,600    3,161,776 
Zijin Mining Group Co. Ltd., Class H   11,832,000    15,704,193 
         18,865,969 
Indonesia — 1.0%          
Aneka Tambang Tbk   31,410,100    4,000,220 
           
Peru — 1.5%          
Cia. de Minas Buenaventura SAA, ADR   707,261    5,771,250 
           
Russia — 0.0%          
Polymetal International PLC(a)(c)   822,891    135 
Polyus PJSC(a)(c)   62,547    10 
         145 
Saudi Arabia — 4.5%          
AngloGold Ashanti Ltd.   982,300    17,929,657 
Security  Shares   Value 
         
South Africa — 6.5%          
DRDGOLD Ltd.   3,506,006   $2,241,618 
Gold Fields Ltd.   1,608,133    17,856,582 
Harmony Gold Mining Co. Ltd.   1,661,469    6,015,583 
         26,113,783 
Turkey — 1.4%          
Koza Altin Isletmeleri AS(b)   272,898    5,444,776 
           
United Kingdom — 1.8%          
Centamin PLC   3,809,074    4,906,641 
Hochschild Mining PLC   2,639,083    2,245,655 
         7,152,296 
United States — 20.0%          
Coeur Mining Inc.(a)(b)   1,106,091    3,871,318 
Newmont Corp.   1,604,046    76,144,064 
         80,015,382 
Total Long-Term Investments — 99.9%          
(Cost: $481,158,076)   .    399,315,307 
           
Short-Term Securities          
           
Money Market Funds — 0.6%          
BlackRock Cash Funds: Institutional, SL Agency Shares, 4.06%(d)(e)(f)   2,265,066    2,265,293 
BlackRock Cash Funds: Treasury, SL Agency Shares, 3.64%(d)(e)   100,000    100,000 
           
Total Short-Term Securities — 0.6%          
(Cost: $2,364,366)        2,365,293 
           
Total Investments — 100.5%          
(Cost: $483,522,442)        401,680,600 
           
Liabilities in Excess of Other Assets — (0.5)%        (1,920,767)
Net Assets — 100.0%       $399,759,833 

 

(a)Non-income producing security.

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

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

(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.

 

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Schedule of Investments (unaudited) (continued) iShares® MSCI Global Gold Miners 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  $1,922,895   $340,592(a)  $—   $2,107   $(301)  $2,265,293    2,265,066   $19,927(b)  $— 
BlackRock Cash Funds: Treasury, SL Agency Shares   100,000    0(a)   —    —    —    100,000    100,000    1,560    — 
                  $2,107   $(301)  $2,365,293        $21,487   $— 

 

(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                  
S&P/TSX 60 Index   6   12/15/22  $1,106   $16,610 

 

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.

 

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  $292,630,518   $106,684,644   $145   $399,315,307 
Money Market Funds   2,365,293    —    —    2,365,293 
   $294,995,811   $106,684,644   $145   $401,680,600 
Derivative financial instruments(a)                    
Assets                    
Futures Contracts  $16,610   $—   $—   $16,610 

 

(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 Global Gold Miners ETF
November 30, 2022  

 

Portfolio Abbreviation

 

ADR American Depositary Receipt
PJSC Public Joint Stock Company

 

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