NPORT-EX 2 NPORT_0BHS_16158906_0523.htm

 

Schedule of Investments (unaudited) iShares® MSCI Australia ETF
May 31, 2023 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Common Stocks          
           
Industrial REITs — 2.0%          
Goodman Group   3,253,987   $41,515,630 
Passenger Airlines — 0.4%          
Qantas Airways Ltd.(a)   1,711,685    7,391,606 
Banks — 22.8%          
Australia & New Zealand Banking Group Ltd.   5,769,376    85,816,948 
Commonwealth Bank of Australia   3,246,281    204,070,125 
National Australia Bank Ltd.   6,034,650    101,640,579 
Westpac Banking Corp.   6,746,600    90,563,917 
         482,091,569 
Beverages — 0.5%          
Treasury Wine Estates Ltd.   1,385,029    10,464,557 
Biotechnology — 8.7%          
CSL Ltd.   927,442    184,705,898 
Capital Markets — 4.5%          
ASX Ltd.   372,852    16,343,420 
Macquarie Group Ltd.   705,918    78,298,168 
         94,641,588 
Chemicals — 0.4%          
Orica Ltd.   873,725    8,682,308 
Commercial Services & Supplies — 1.1%
Brambles Ltd.   2,674,572    23,879,693 
Construction Materials — 1.0%
James Hardie Industries PLC(a)   849,933    20,916,172 
Diversified Consumer Services — 0.3%
IDP Education Ltd.   481,636    6,828,384 
Financial Services — 0.4%
Washington H Soul Pattinson & Co. Ltd.   451,117    9,419,570 
Diversified Telecommunication Services — 1.0%
Telstra Corp. Ltd.   7,788,963    22,088,299 
Electric Utilities — 0.8%          
Origin Energy Ltd.   3,302,092    17,893,847 
Diversified REITs — 1.6%          
GPT Group (The)   3,689,451    10,050,018 
Mirvac Group   7,569,136    11,320,272 
Stockland   4,597,765    12,733,860 
         34,104,150 
Consumer Staples Distribution & Retail — 4.6%
Coles Group Ltd.   2,573,300    30,069,941 
Endeavour Group Ltd./Australia   2,759,579    11,063,525 
Woolworths Group Ltd.   2,342,899    57,152,885 
         98,286,351 
Gas Utilities — 0.7%          
APA Group   2,272,515    14,834,557 
Health Care Equipment & Supplies — 0.9%          
Cochlear Ltd.   126,476    20,016,376 
Health Care Providers & Services — 1.6%          
Ramsay Health Care Ltd.   352,664    13,160,215 
Sonic Healthcare Ltd.   857,795    19,618,790 
         32,779,005 
Security  Shares   Value 
         
Hotels, Restaurants & Leisure — 2.0%          
Aristocrat Leisure Ltd.   1,134,738   $27,405,416 
Lottery Corp. Ltd. (The)   4,286,896    13,872,377 
         41,277,793 
Insurance — 3.6%          
Insurance Australia Group Ltd.   4,710,393    15,885,294 
Medibank Pvt Ltd.   5,304,279    12,311,164 
QBE Insurance Group Ltd.   2,859,479    27,119,297 
Suncorp Group Ltd.   2,434,939    20,992,793 
         76,308,548 
Interactive Media & Services — 0.9%          
REA Group Ltd.   101,251    9,044,923 
SEEK Ltd.   649,028    9,919,009 
         18,963,932 
Retail REITs — 1.3%          
Scentre Group   9,996,826    17,616,296 
Vicinity Ltd.   7,429,054    8,960,296 
         26,576,592 
Metals & Mining — 22.7%          
BHP Group Ltd.   9,739,955    266,515,338 
BlueScope Steel Ltd.   886,117    10,686,695 
Fortescue Metals Group Ltd.   3,255,926    40,768,964 
IGO Ltd.   1,312,656    12,190,883 
Mineral Resources Ltd.   333,819    15,376,826 
Newcrest Mining Ltd.   1,719,320    29,003,339 
Northern Star Resources Ltd.   2,210,978    18,697,792 
Pilbara Minerals Ltd.   5,187,800    14,872,136 
Rio Tinto Ltd.   713,730    49,735,592 
South32 Ltd.   8,770,021    22,420,995 
         480,268,560 
Broadline Retail — 3.2%          
Wesfarmers Ltd.   2,181,309    67,535,717 
Oil, Gas & Consumable Fuels — 5.7%          
Ampol Ltd.   458,972    9,376,002 
Santos Ltd.   6,347,714    30,048,330 
Woodside Energy Group Ltd.   3,650,689    80,778,880 
         120,203,212 
Professional Services — 0.8%          
Computershare Ltd.   1,102,740    16,009,756 
Office REITs — 0.5%          
Dexus   2,071,554    11,060,456 
Real Estate Management & Development — 0.3%
Lendlease Corp. Ltd.   1,319,679    6,773,703 
Ground Transportation — 0.4%          
Aurizon Holdings Ltd.   3,538,411    8,190,257 
Software — 1.7%          
WiseTech Global Ltd.   319,027    15,505,247 
Xero Ltd.(a)   275,928    19,699,341 
         35,204,588 
Trading Companies & Distributors — 0.2%
Reece Ltd.   433,408    5,111,760 
Transportation Infrastructure — 2.7%
Transurban Group   5,922,485    57,128,285 
Total Long-Term Investments — 99.3%
(Cost: $2,546,735,117)        2,101,152,719 

 

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Schedule of Investments (unaudited) (continued) iShares® MSCI Australia ETF
May 31, 2023 (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, 5.07%(b)(c)   870,000   $870,000 
           
Total Short-Term Securities — 0.0%          
(Cost: $870,000)        870,000 
           
Total Investments — 99.3%          
(Cost: $2,547,605,117)        2,102,022,719 
           
Other Assets Less Liabilities — 0.7%        13,960,116 
           
Net Assets — 100.0%       $2,115,982,835 
           

 

 

(a)Non-income producing security.
(b)Affiliate of the Fund.
(c)Annualized 7-day yield as of period end.

 

Affiliates

 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended May 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer  Value at
08/31/23		   Purchases
at Cost		   Proceeds
from Sale		   Net Realized
Gain (Loss)		   Change in
Unrealized
Appreciation
(Depreciation)		   Value at
05/31/23		   Shares
Held at
05/31/23		   Income   Capital
Gain
Distributions from
Underlying Funds		 
BlackRock Cash Funds: Treasury, SL Agency Shares  $130,000   $740,000(a)  $—  $—   $—   $870,000   870,000   $38,047  $1

  

(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 Emerging Markets Index   122    06/15/23   $14,075   $(191,707)

 

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 Australia ETF
May 31, 2023  

 

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 
Assets                
Investments                
Long-Term Investments                    
Common Stocks  $—   $2,101,152,719   $—   $2,101,152,719 
Short-Term Securities                    
Money Market Funds   870,000    —    —    870,000 
   $870,000   $2,101,152,719   $—   $2,102,022,719 
Derivative Financial Instruments(a)                    
Liabilities                    
Equity Contracts  $—   $(191,707)  $—   $(191,707)

 

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

 

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