0001752724-23-012248.txt : 20230125 0001752724-23-012248.hdr.sgml : 20230125 20230125121136 ACCESSION NUMBER: 0001752724-23-012248 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221130 FILED AS OF DATE: 20230125 DATE AS OF CHANGE: 20230125 PERIOD START: 20230831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iShares, Inc. CENTRAL INDEX KEY: 0000930667 IRS NUMBER: 510396525 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-09102 FILM NUMBER: 23551399 BUSINESS ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: (415) 670-2000 MAIL ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: iSHARES INC DATE OF NAME CHANGE: 20070126 FORMER COMPANY: FORMER CONFORMED NAME: ISHARES INC DATE OF NAME CHANGE: 20000516 FORMER COMPANY: FORMER CONFORMED NAME: WEBS INDEX FUND INC DATE OF NAME CHANGE: 19970211 0000930667 S000004264 iShares MSCI Brazil ETF C000011968 iShares MSCI Brazil ETF EWZ NPORT-P 1 primary_doc.xml NPORT-P false 0000930667 XXXXXXXX S000004264 C000011968 iShares, Inc. 811-09102 0000930667 549300MGJZCNMJLBAJ67 400 HOWARD STREET SAN FRANCISCO 94105 800-474-2737 iShares MSCI Brazil ETF S000004264 5493006D2L7KY3ZDF809 2023-08-31 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CORP BR N 1 N N N Natura & Co Holding SA N/A Natura & Co Holding SA 000000000 14893349.00000000 NS 33607507.07000000 0.607564084698 Long EC CORP BR N 1 N N N Banco Bradesco SA 549300CTUU1RFXHQJE44 Banco Bradesco SA 000000000 71558849.00000000 NS 214841332.23000000 3.883950008545 Long EP CORP BR N 1 N N N Banco Bradesco SA 549300CTUU1RFXHQJE44 Banco Bradesco SA 000000000 11117816.00000000 NS 29479828.53000000 0.532942982072 Long EC CORP BR N 1 N N N Klabin SA N/A Klabin SA 000000000 13076188.00000000 NS 49640302.47000000 0.897408572183 Long EC CORP BR N 1 N N N BRF SA 254900MTXR9LUVQFU480 BRF SA 000000000 11760000.00000000 NS 21347413.45000000 0.385923349994 Long EC CORP BR N 1 N N N Engie Brasil Energia SA 52990057Q0EK2Q9YBC07 Engie Brasil Energia SA 000000000 4296300.00000000 NS 32702332.66000000 0.591200137775 Long EC CORP BR N 1 N N N Banco BTG Pactual SA ZXLTQRYIK6IJH3R0IK66 Banco BTG Pactual SA 000000000 16717526.00000000 NS 81085324.64000000 1.465878767644 Long EC CORP BR N 1 N N 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1.092975647838 Long EC CORP BR N 1 N N N Vibra Energia SA 549300U7VLJ3SYVNY689 Vibra Energia SA 000000000 16097186.00000000 NS 51275493.96000000 0.926969932354 Long EC CORP BR N 1 N N N Hapvida Participacoes e Investimentos S/A N/A Hapvida Participacoes e Investimentos S/A 000000000 66093055.00000000 NS 66228696.46000000 1.197297296157 Long EC CORP BR N 1 N N N Banco Santander Brasil SA 549300D1H731B30TSI43 Banco Santander Brasil SA 000000000 7396742.00000000 NS 39425724.56000000 0.712747131347 Long EC CORP BR N 1 N N N Localiza Rent a Car SA N/A Localiza Rent a Car SA 000000000 12250422.00000000 NS 141877183.50000000 2.564887688731 Long EC CORP BR N 1 N N N Itausa SA N/A Itausa SA 000000000 74551107.30000000 NS 127571628.97000000 2.306268650846 Long EP CORP BR N 1 N N N BB Seguridade Participacoes SA N/A BB Seguridade Participacoes SA 000000000 12536215.00000000 NS 75661547.94000000 1.367826510466 Long EC CORP BR N 1 N N N Cosan SA N/A Cosan SA 000000000 18474729.00000000 NS 64189034.05000000 1.160423819566 Long EC CORP BR N 1 N N N Energisa SA N/A Energisa SA 000000000 2622441.00000000 NS 21886733.35000000 0.395673296657 Long EC CORP BR N 1 N N N Rede D'Or Sao Luiz SA N/A Rede D'Or Sao Luiz SA 000000000 5274940.00000000 NS 31572284.85000000 0.570770878862 Long EC CORP BR N 1 N N N XP INC 5493008KDA8NBZRJST80 XP Inc 000000000 1.00000000 NS 17.45000000 0.000000315465 Long EC CORP KY N 1 N N N Equatorial Energia SA N/A Equatorial Energia SA 000000000 17685989.00000000 NS 93894032.38000000 1.697437472014 Long EC CORP BR N 1 N N N TIM SA/Brazil N/A TIM SA/Brazil 000000000 17008015.00000000 NS 42607300.53000000 0.770264378552 Long EC CORP BR N 1 N N N Cia de Saneamento Basico do Estado de Sao Paulo 254900UOXRZRS2TNWP19 Cia de Saneamento Basico do Estado de Sao Paulo 000000000 6324342.00000000 NS 73476365.86000000 1.328322296495 Long EC CORP BR N 1 N N N Lojas Renner SA N/A Lojas Renner SA 000000000 16864875.00000000 NS 75235213.71000000 1.360119144202 Long EC CORP BR N 1 N N N WEG SA N/A WEG SA 000000000 27563484.00000000 NS 207150389.93000000 3.744911420850 Long EC CORP BR N 1 N N N JBS SA 529900RM0MTMZL9O5050 JBS SA 000000000 13526770.00000000 NS 57476423.54000000 1.039071734392 Long EC CORP BR N 1 N N N BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES 5493008LW2651I1QB503 BlackRock Cash Funds: Treasury, SL Agency Shares 066922477 1340000.00000000 NS USD 1340000.00000000 0.024224821906 Long STIV RF US N 1 N N N Magazine Luiza SA N/A Magazine Luiza SA 000000000 48200322.00000000 NS 31673157.14000000 0.572594470848 Long EC CORP BR N 1 N N N Petroleo Brasileiro SA 5493000J801JZRCMFE49 Petroleo Brasileiro SA 000000000 56717152.00000000 NS 332148390.31000000 6.004653434200 Long EC CORP BR N 1 N N N ICE Futures Europe - Financial Products Division N/A MSCI BRAZIL IX FU DEC22 000000000 2625.00000000 NC USD 4458615.85000000 0.080603861877 N/A DE GB N 1 ICE Futures Europe - Financial Products Division N/A Long MSCI Brazil Index Futures MCBZ2 Index 2022-12-16 123887084.15000000 USD 4458615.85000000 N N N Americanas SA N/A Americanas SA 000000000 10394493.00000000 NS 21152137.76000000 0.382393112074 Long EC CORP BR N 1 N N N B3 SA - Brasil Bolsa Balcao 4GTK5S46E6H318LMDS44 B3 SA - Brasil Bolsa Balcao 000000000 91889403.00000000 NS 225413992.16000000 4.075084936817 Long EC CORP BR N 1 N N N CPFL Energia SA 529900GBWSBDXN8GGM28 CPFL Energia SA 000000000 2748914.00000000 NS 18487305.46000000 0.334217673359 Long EC CORP BR N 1 N N N Braskem SA 549300RPMQUFGBB7EY44 Braskem SA 000000000 2955301.00000000 NS 16025546.58000000 0.289713441684 Long EP CORP BR N 1 N N N Cia Energetica de Minas Gerais 254900W703PXLDSEM056 Cia Energetica de Minas Gerais 000000000 25319454.79500000 NS 56012283.05000000 1.012602672738 Long EP CORP BR N 1 N N N Centrais Eletricas Brasileiras SA 254900I8KYDELP4B4Z08 Centrais Eletricas Brasileiras SA 000000000 15842834.00000000 NS 145015197.47000000 2.621617412286 Long EC CORP BR N 1 N N N Raia Drogasil SA N/A Raia Drogasil SA 000000000 18757099.00000000 NS 83315084.15000000 1.506188862439 Long EC CORP BR N 1 N N N Rumo SA N/A Rumo SA 000000000 22618446.00000000 NS 84818900.09000000 1.533375185817 Long EC CORP BR N 1 N N N Centrais Eletricas Brasileiras SA 254900I8KYDELP4B4Z08 Centrais Eletricas Brasileiras SA 000000000 4857474.00000000 NS 45941172.58000000 0.830534868605 Long EP CORP BR N 1 N N N TOTVS SA N/A TOTVS SA 000000000 6686436.00000000 NS 39762863.36000000 0.718842002532 Long EC CORP BR N 1 N N N Ambev SA 549300TH5Q6VRP8OT012 Ambev SA 000000000 70564243.00000000 NS 216478508.59000000 3.913547251643 Long EC CORP BR N 1 N N N Petro Rio SA N/A Petro Rio SA 000000000 9392244.00000000 NS 65247168.95000000 1.179553020689 Long EC CORP BR N 1 N N N 2022-12-29 iShares, Inc. Ann Frechette Ann Frechette Assistant Treasurer XXXX NPORT-EX 2 NPORT_0BHW_15295938_1122.htm

 

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

 

Security   Shares     Value  
                 
Common Stocks                
                 
Banks — 3.1%                
Banco Bradesco SA     12,060,942     $ 31,980,607  
Banco do Brasil SA     14,398,992       97,892,113  
Banco Santander Brasil SA     7,337,358       39,109,199  
              168,981,919  
Beverages — 3.9%                
Ambev SA     69,998,943       214,744,269  
                 
Capital Markets — 5.5%                
B3 SA - Brasil, Bolsa, Balcao     91,151,551       223,603,967  
Banco BTG Pactual SA     16,583,307       80,434,320  
XP Inc.(a)     1       17  
              304,038,304  
Containers & Packaging — 0.9%                
Klabin SA     12,971,204       49,241,758  
                 
Diversified Telecommunication Services — 1.1%                
Telefonica Brasil SA     8,179,214       59,972,654  
                 
Electric Utilities — 5.1%                
Centrais Eletricas Brasileiras SA     15,994,414       146,402,664  
CPFL Energia SA     2,730,050       18,360,439  
Energisa SA     2,601,550       21,712,378  
Equatorial Energia SA     17,543,976       93,140,093  
              279,615,574  
Electrical Equipment — 3.7%                
WEG SA     27,342,161       205,487,061  
                 
Food & Staples Retailing — 2.5%                
Atacadao SA     8,639,292       26,587,047  
Raia Drogasil SA     18,606,484       82,646,084  
Sendas Distribuidora SA     6,571,787       25,391,298  
              134,624,429  
Food Products — 1.4%                
BRF SA(a)     11,665,584       21,176,024  
JBS SA     13,418,160       57,014,930  
              78,190,954  
Health Care Providers & Services — 1.8%                
Hapvida Participacoes e Investimentos SA(b)     65,562,348       65,696,900  
Rede D’Or Sao Luiz SA(b)     5,232,598       31,318,854  
              97,015,754  
Independent Power and Renewable Electricity Producers — 0.6%                
Engie Brasil Energia SA     4,261,801       32,439,735  
                 
Insurance — 1.4%                
BB Seguridade Participacoes SA     12,435,559       75,054,045  
                 
Internet & Direct Marketing Retail — 0.4%                
Americanas SA     10,310,693       20,981,610  
                 
Metals & Mining — 18.4%                
Cia. Siderurgica Nacional SA     12,113,842       33,894,994  
Vale SA     59,065,477       975,556,097  
              1,009,451,091  
Multiline Retail — 0.6%                
Magazine Luiza SA(a)     47,813,269       31,418,819  
                 
Oil, Gas & Consumable Fuels — 9.0%                
Cosan SA     18,326,395       63,673,659  
Petro Rio SA(a)     9,316,841       64,723,350  
Petroleo Brasileiro SA     56,261,730       329,481,337  

 

Security     Shares       Value  
                 
Oil, Gas & Consumable Fuels (continued)                
Ultrapar Participacoes SA     14,087,576     $ 38,548,870  
              496,427,216  
Paper & Forest Products — 2.3%                
Suzano SA     12,483,613       127,858,794  
                 
Personal Products — 0.6%                
Natura & Co. Holding SA     14,773,774       33,337,681  
                 
Pharmaceuticals — 1.1%                
Hypera SA     7,205,760       61,707,916  
                 
Road & Rail — 4.1%                
Localiza Rent a Car SA     12,152,031       140,737,677  
Localiza Rent a Car SA, NVS(a)     35,964       395,931  
Rumo SA     22,436,821       84,137,808  
              225,271,416  
Software — 0.7%                
TOTVS SA     6,632,765       39,443,693  
                 
Specialty Retail — 2.3%                
Lojas Renner SA     16,729,447       74,631,061  
Vibra Energia SA     15,967,944       50,863,811  
              125,494,872  
Transportation Infrastructure — 0.9%                
CCR SA     22,021,501       50,116,860  
                 
Water Utilities — 1.3%                
Cia. de Saneamento Basico do Estado de Sao Paulo     6,273,563       72,886,414  
                 
Wireless Telecommunication Services — 0.8%                
Tim SA     16,871,450       42,265,187  
                 
Total Common Stocks — 73.5%                
(Cost: $2,931,997,483)             4,036,068,025  
                 
Preferred Stocks                
                 
Banks — 12.9%                
Banco Bradesco SA, Preference Shares, NVS     71,659,780       215,144,358  
Itau Unibanco Holding SA, Preference Shares, NVS     73,062,334       366,061,392  
Itausa SA, Preference Shares, NVS     73,952,472       126,547,246  
              707,752,996  
Chemicals — 0.3%                
Braskem SA, Class A, Preference Shares, NVS     2,928,413       15,879,742  
                 
Electric Utilities — 1.8%                
Centrais Eletricas Brasileiras SA, Class B, Preference Shares, NVS     4,818,475       45,572,327  
Cia. Energetica de Minas Gerais, Preference Shares, NVS     25,116,150       55,562,527  
              101,134,854  
Metals & Mining — 2.2%                
Gerdau SA, Preference Shares, NVS     19,604,905       119,268,666  
                 
Oil, Gas & Consumable Fuels — 6.7%                
Petroleo Brasileiro SA, Preference Shares, NVS     72,193,852       370,891,941  
                 
Total Preferred Stocks — 23.9%                
(Cost: $1,007,553,505)             1,314,928,199  
                 
Total Long-Term Investments — 97.4%                
(Cost: $3,939,550,988)             5,350,996,224  

1

 

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

 

Security   Shares     Value  
                 
Short-Term Securities                
                 
Money Market Funds — 0.0%                
BlackRock Cash Funds: Treasury, SL Agency Shares, 3.64%(c)(d)     1,340,000     $ 1,340,000  
                 
Total Short-Term Securities — 0.0%                
(Cost: $1,340,000)             1,340,000  
                 
Total Investments — 97.4%                
(Cost: $3,940,890,988)             5,352,336,224  
                 
Other Assets Less Liabilities — 2.6%.             141,073,017  
                 
Net Assets — 100.0%           $ 5,493,409,241  

 

 

(a)Non-income producing security.

(b)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.

(c)Affiliate of the Fund.

(d)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, 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: Treasury, SL Agency Shares   $ 6,880,000   $ —   $  (5,540,000 (a) $ —   $ —   $ 1,340,000     1,340,000   $ 32,236   $ —  

 

(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 Brazil Index   2,625   12/16/22  $128,346   $4,458,616 

 

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 Brazil 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  $4,036,068,025   $—   $—   $4,036,068,025 
Preferred Stocks   1,314,928,199    —    —    1,314,928,199 
Money Market Funds   1,340,000    —    —    1,340,000 
   $5,352,336,224   $—   $—   $5,352,336,224 
Derivative financial instruments(a)                    
Assets                    
Futures Contracts  $4,458,616   $—   $—   $4,458,616 

 

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

 

Portfolio Abbreviation

 

NVS Non-Voting Shares

3