NPORT-EX 2 NPORT_0BIB_35668477_1122.htm
Schedule of Investments (unaudited) iShares® MSCI Sweden ETF
November 30, 2022 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Common Stocks          
           
Automobiles — 0.6%          
Volvo Car AB, Class B(a)(b)   448,889   $2,249,356 
           
Banks — 16.6%          
Nordea Bank Abp   2,532,414    26,613,142 
Skandinaviska Enskilda Banken AB, Class A   1,217,195    14,035,170 
Svenska Handelsbanken AB, Class A   1,098,731    11,160,741 
Swedbank AB, Class A   682,183    11,101,392 
         62,910,445 
Biotechnology — 0.7%          
Swedish Orphan Biovitrum AB(a)   127,242    2,752,775 
           
Building Products — 7.4%          
Assa Abloy AB, Class B   755,016    17,312,052 
Nibe Industrier AB, Class B   1,141,601    10,777,818 
         28,089,870 
Capital Markets — 1.4%          
EQT AB   224,592    5,155,060 
           
Commercial Services & Supplies — 0.8%          
Securitas AB, Class B   370,655    3,040,433 
           
Communications Equipment — 3.7%          
Telefonaktiebolaget LM Ericsson, Class B   2,198,666    13,877,228 
           
Construction & Engineering — 1.1%          
Skanska AB, Class B   256,275    4,171,986 
           
Diversified Financial Services — 11.5%          
Industrivarden AB, Class A   98,234    2,535,232 
Industrivarden AB, Class C   116,004    2,971,635 
Investor AB, Class A   375,670    7,233,401 
Investor AB, Class B   1,372,435    25,542,188 
Kinnevik AB, Class B(a)   182,613    2,814,958 
L E Lundbergforetagen AB, Class B   57,256    2,501,480 
         43,598,894 
Diversified Telecommunication Services — 1.4%          
Telia Co. AB   2,002,422    5,472,065 
           
Electronic Equipment, Instruments & Components — 4.4% 
Hexagon AB, Class B   1,466,209    16,766,588 
           
Entertainment — 0.6%          
Embracer Group AB(a)(b)   490,799    2,108,440 
           
Health Care Equipment & Supplies — 1.1%          
Getinge AB, Class B   172,310    4,027,281 
           
Hotels, Restaurants & Leisure — 3.7%          
Evolution AB(c)   137,735    14,187,249 
           
Household Durables — 0.6%          
Electrolux AB, Class B(b)   165,656    2,369,166 
           
Household Products — 3.0%          
Essity AB, Class B   458,752    11,233,364 
           
Industrial Conglomerates — 1.4%          
Investment AB Latour, Class B   111,530    2,206,821 
Lifco AB, Class B   175,604    3,041,827 
         5,248,648 
Security  Shares   Value 
         
Machinery — 29.0%          
Alfa Laval AB   218,245   $6,284,159 
Atlas Copco AB, Class A   2,023,360    25,220,990 
Atlas Copco AB, Class B   1,175,784    13,348,925 
Epiroc AB, Class A   496,427    9,559,189 
Epiroc AB, Class B   293,763    4,907,854 
Husqvarna AB, Class B   316,087    2,481,489 
Indutrade AB   205,830    4,433,590 
Sandvik AB   803,174    14,755,679 
SKF AB, Class B   288,774    4,808,328 
Volvo AB, Class A   150,846    2,872,831 
Volvo AB, Class B   1,136,734    20,883,652 
         109,556,686 
Metals & Mining — 2.1%          
Boliden AB   206,036    7,782,658 
           
Paper & Forest Products — 2.4%          
Holmen AB, Class B   70,668    2,921,282 
Svenska Cellulosa AB SCA, Class B   456,398    6,205,520 
         9,126,802 
Real Estate Management & Development — 1.4%
Fastighets AB Balder, Class B(a)(b)   475,308    2,136,751 
Sagax AB, Class B   143,383    3,188,148 
         5,324,899 
Specialty Retail — 1.6%          
H & M Hennes & Mauritz AB, Class B   550,155    6,168,561 
           
Wireless Telecommunication Services — 1.0%          
Tele2 AB, Class B   427,583    3,798,336 
           
Total Long-Term Investments — 97.5%          
(Cost: $493,233,184)        369,016,790 
           
Short-Term Securities          
           
Money Market Funds — 4.0%          
BlackRock Cash Funds: Institutional, SL Agency Shares, 4.06%(d)(e)(f)   8,964,572    8,965,468 
BlackRock Cash Funds: Treasury, SL Agency Shares, 3.64%(d)(e)   6,010,000    6,010,000 
           
Total Short-Term Securities — 4.0%          
(Cost: $14,974,908)        14,975,468 
           
Total Investments — 101.5%          
(Cost: $508,208,092)        383,992,258 
           
Liabilities in Excess of Other Assets — (1.5)%        (5,702,159)
           
Net Assets — 100.0%       $378,290,099 

 

(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.


 

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Schedule of Investments (unaudited) (continued) iShares® MSCI Sweden 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  $9,748,937   $—   $(783,775)(a) $3,452   $(3,146)  $8,965,468    8,964,572   $37,060(b)  $— 
BlackRock Cash Funds: Treasury, SL Agency Shares   5,850,000    160,000(a)   —    —    —    6,010,000    6,010,000    43,995    — 
                  $3,452   $(3,146)  $14,975,468        $81,055   $— 

 

(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                  
OMXS30 Index   438   12/16/22  $8,871   $139,794 

 

Forward Foreign Currency Exchange Contracts

 

Currency Purchased  Currency Sold  Counterparty  Settlement Date  Unrealized
Appreciation
(Depreciation)		 
SEK   20,273,986   USD   1,886,063   Standard Chartered Bank  12/16/22  $46,230 
USD   2,301,338   EUR   2,301,364   Standard Chartered Bank  12/16/22   (96,167)
USD   34,694   SEK   382,716   Standard Chartered Bank  12/16/22   (1,782)
                       (97,949)
                      $(51,719)

 

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.

 

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Schedule of Investments (unaudited) (continued)

 iShares® MSCI Sweden 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  $—   $369,016,790   $—   $369,016,790 
Money Market Funds   14,975,468    —    —    14,975,468 
   $14,975,468   $369,016,790   $—   $383,992,258 
Derivative financial instruments(a)                    
Assets                    
Futures Contracts  $—   $139,794   $—   $139,794 
Forward Foreign Currency Exchange Contracts   —    46,230    —    46,230 
Liabilities                    
Forward Foreign Currency Exchange Contracts   —    (97,949)   —    (97,949)
   $—   $88,075   $—   $88,075 

 

(a)Derivative financial instruments are futures contracts and forward foreign currency exchange contracts. Futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

Currency Abbreviations

 

EUR Euro
SEK Swedish Krona
USD United States Dollar

 

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