NPORT-EX 2 NPORT_2Q1O_68182815_0523.htm

 

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

 

Security  Shares   Value 
         
Common Stocks          
           
Australia — 0.8%          
Australian Agricultural Co. Ltd.(a)   67,432  $70,092 
Costa Group Holdings Ltd.   176,757    304,005 
Elders Ltd.   70,480    293,402 
Inghams Group Ltd.   167,126    306,316 
Nufarm Ltd./Australia   161,741    572,827 
Select Harvests Ltd.   52,905    153,058 
         1,699,700 
Brazil — 0.5%          
BrasilAgro - Co. Brasileira de Propriedades Agricolas   22,907    102,766 
Jalles Machado SA   45,124    69,021 
Sao Martinho SA   71,000    506,193 
SLC Agricola SA   47,055    320,265 
Tres Tentos Agroindustrial SA   54,276    127,310 
         1,125,555 
Canada — 5.7%          
Ag Growth International Inc.   8,495    313,767 
Nutrien Ltd.   223,657    11,783,388 
Rogers Sugar Inc.   43,089    185,370 
         12,282,525 
China — 2.3%          
Asia - Potash International Investment Guangzhou Co. Ltd., Class A(a)   24,300    78,970 
AustAsia Group Ltd.(a)   58,848    19,540 
Beijing Dabeinong Technology Group Co. Ltd., Class A   108,200    97,679 
China BlueChemical Ltd., Class H   692,000    152,038 
China Modern Dairy Holdings Ltd.(b)   1,390,000    163,319 
China XLX Fertiliser Ltd.   276,000    148,289 
China Youran Dairy Group Ltd.(c)   343,000    76,650 
COFCO Joycome Foods Ltd.(b)   1,233,000    288,361 
First Tractor Co. Ltd., Class H   180,000    85,632 
Fujian Sunner Development Co. Ltd., Class A   33,900    90,205 
Heilongjiang Agriculture Co. Ltd., Class A   46,500    87,338 
Henan Shuanghui Investment & Development Co. Ltd., Class A   92,200    318,576 
Inner Mongolia Yili Industrial Group Co. Ltd., Class A   171,100    693,517 
Jiangsu Yangnong Chemical Co. Ltd., Class A   9,500    110,753 
Muyuan Foods Co. Ltd., Class A   147,166    828,769 
New Hope Liuhe Co. Ltd., Class A(a)   123,300    195,395 
Qinghai Salt Lake Industry Co. Ltd., Class A(a)   146,500    386,976 
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A   57,280    234,772 
Sinofert Holdings Ltd.   928,000    124,440 
Wens Foodstuffs Group Co. Ltd., Class A   174,820    413,347 
Yuan Longping High-Tech Agriculture Co. Ltd., Class A(a)   35,000    72,042 
Yunnan Yuntianhua Co. Ltd., Class A   48,500    113,537 
Zangge Mining Co. Ltd., Class A   42,600    137,527 
         4,917,672 
Egypt — 0.2%          
Abou Kir Fertilizers & Chemical Industries   145,177    222,561 
Misr Fertilizers Production Co. SAE   23,499    123,199 
         345,760 
France — 0.1%          
Vilmorin & Cie SA   2,575    172,301 
Germany — 0.8%          
K+S AG, Registered   85,653    1,378,179 
Suedzucker AG   27,411    471,769 
         1,849,948 
Security  Shares   Value 
         
Hong Kong — 0.9%          
WH Group Ltd.(c)   3,732,500   $1,951,323 
India — 4.4%          
Astec Lifesciences Ltd.   34    573 
Balrampur Chini Mills Ltd.   55,519    263,077 
Bayer CropScience Ltd.   6,094    311,419 
Chambal Fertilisers and Chemicals Ltd.   75,365    254,894 
Coromandel International Ltd.   52,328    606,704 
Deepak Fertilisers & Petrochemicals Corp. Ltd.   31,072    200,255 
EID Parry India Ltd.   36,441    207,251 
Escorts Kubota Ltd.   14,571    382,678 
Gujarat Ambuja Exports Ltd.   30,102    88,016 
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.   38,253    271,666 
Gujarat State Fertilizers & Chemicals Ltd.   98,072    186,379 
Kaveri Seed Co. Ltd.   8,811    53,494 
Paradeep Phosphates Ltd., NVS(a)(c)   145,790    94,919 
PI Industries Ltd.   33,940    1,482,962 
Rallis India Ltd.   34,030    77,975 
Rashtriya Chemicals & Fertilizers Ltd.   60,328    74,652 
Sharda Cropchem Ltd.   11,840    68,796 
Shree Renuka Sugars Ltd.(a)   279,313    141,379 
Sumitomo Chemical India Ltd.   43,673    210,152 
Tata Coffee Ltd.   33,067    92,355 
Tata Consumer Products Ltd.   249,445    2,406,286 
Triveni Engineering & Industries Ltd.   34,547    114,682 
UPL Ltd.   217,781    1,801,008 
         9,391,572 
Indonesia — 0.7%          
Astra Agro Lestari Tbk PT   210,700    99,062 
Charoen Pokphand Indonesia Tbk PT   3,312,500    1,093,883 
Inti Agri Resources Tbk PT(a)(d)   2,230,700    — 
Japfa Comfeed Indonesia Tbk PT   2,308,500    183,995 
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT   1,344,500    86,068 
Sawit Sumbermas Sarana Tbk PT   1,459,600    148,492 
         1,611,500 
Ireland — 0.1%          
Origin Enterprises PLC   50,558    189,145 
Israel — 1.1%          
ICL Group Ltd.   346,146    1,884,767 
Israel Corp Ltd.   1,727    452,492 
         2,337,259 
Italy — 2.7%          
CNH Industrial NV   457,890    5,860,777 
Japan — 4.0%          
Hokuto Corp.   10,300    135,118 
Kubota Corp.   453,100    6,229,607 
Kumiai Chemical Industry Co. Ltd.   32,200    206,026 
Maruha Nichiro Corp.   17,200    301,434 
Mitsui DM Sugar Holdings Co. Ltd.   6,800    123,923 
NH Foods Ltd.   36,700    1,000,097 
Prima Meat Packers Ltd.   10,500    162,663 
Sakata Seed Corp.   13,000    363,487 
YAMABIKO Corp.   14,100    143,205 
         8,665,560 
Malaysia — 1.8%          
Farm Fresh Bhd   325,100    94,390 
Genting Plantations Bhd   118,100    153,526 

 

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

 

Security  Shares   Value 
         
Malaysia (continued)          
IOI Corp. Bhd   1,122,900  $896,664 
Kuala Lumpur Kepong Bhd   218,000    985,698 
QL Resources Bhd   487,207    585,852 
Sime Darby Plantation Bhd   928,400    847,048 
Ta Ann Holdings Bhd   89,900    65,793 
TSH Resources Bhd   283,500    57,393 
United Plantations Bhd   56,200    187,516 
         3,873,880 
Netherlands — 0.5%          
OCI NV   47,221    1,048,105 
Norway — 4.7%          
Austevoll Seafood ASA   40,998    325,793 
Bakkafrost P/F   22,499    1,475,291 
Grieg Seafood ASA   22,848    176,409 
Leroy Seafood Group ASA   119,154    533,804 
Mowi ASA   196,693    3,377,523 
Salmar ASA   32,477    1,432,938 
Yara International ASA   74,093    2,768,777 
         10,090,535 
Poland — 0.1%          
Grupa Azoty SA(a)   21,694    130,707 
Qatar — 0.1%          
Baladna(a)   332,601    138,564 
Russia — 0.0%          
PhosAgro PJSC(d)   7,038    1 
PhosAgro PJSC, GDR(a)(d)(e)   2    — 
PhosAgro PJSC, New(d)   136    1 
Ros Agro PLC, GDR(a)(d)(e)   5,334    1 
         3 
Saudi Arabia — 2.6%          
Al Jouf Agricultural Development Co.   6,438    92,948 
Almarai Co. JSC   111,870    1,632,521 
National Agriculture Development Co. (The)(a)   21,800    195,255 
SABIC Agri-Nutrients Co.   104,380    3,473,686 
Saudi Fisheries Co.(a)   8,585    73,076 
Tanmiah Food Co.   2,637    89,990 
         5,557,476 
Singapore — 1.6%          
Bumitama Agri Ltd.   154,300    61,504 
First Resources Ltd.   252,200    281,279 
Golden Agri-Resources Ltd.   2,861,300    560,032 
Wilmar International Ltd.   859,700    2,486,330 
         3,389,145 
South Africa — 0.1%          
Astral Foods Ltd.   16,910    122,065 
Oceana Group Ltd.   43,476    159,474 
         281,539 
South Korea — 0.2%          
Dongwon Industries Co. Ltd.   2,657    91,565 
Harim Holdings Co. Ltd.   19,604    120,692 
Hyundai Feed Inc.(a)(b)   6,256    139,828 
KG Chemical Corp.   1,533    38,866 
Namhae Chemical Corp.   9,784    63,978 
         454,929 
Sweden — 0.6%          
Husqvarna AB, Class B   187,770    1,392,055 
Security  Shares   Value 
         
Taiwan — 0.6%        
Charoen Pokphand Enterprise   81,800   $238,725 
Sesoda Corp.   83,000    99,560 
Sinon Corp.   163,000    187,064 
Taiwan Fertilizer Co. Ltd.   287,000    565,713 
Taiwan TEA Corp.(a)   197,000    142,494 
         1,233,556 
Thailand — 0.7%          
Betagro PCL, NVDR   300,000    237,069 
Charoen Pokphand Foods PCL, NVDR(b)   1,727,400    997,068 
GFPT PCL, NVDR   214,200    75,585 
Khon Kaen Sugar Industry PCL, NVDR   1,085,654    107,173 
Thaifoods Group PCL, NVDR   543,300    69,168 
         1,486,063 
Turkey — 0.4%          
Hektas Ticaret TAS(a)   506,466    683,577 
Turk Traktor ve Ziraat Makineleri AS   5,841    186,297 
         869,874 
United Kingdom — 0.4%          
Cranswick PLC   23,889    962,677 
United States — 58.9%          
AGCO Corp.   28,469    3,139,561 
American Vanguard Corp.   12,691    216,508 
Archer-Daniels-Midland Co.   244,625    17,282,756 
Benson Hill Inc.(a)   9,621    11,449 
Bunge Ltd.   67,095    6,215,681 
Cal-Maine Foods Inc.   18,785    893,227 
CF Industries Holdings Inc.   87,698    5,394,304 
Corteva Inc.   318,881    17,056,945 
Darling Ingredients Inc.(a)(b)   71,558    4,535,346 
Deere & Co.   125,973    43,584,138 
FMC Corp.   56,045    5,833,164 
Fresh Del Monte Produce Inc.   17,057    449,622 
Ingredion Inc.   29,523    3,088,106 
Intrepid Potash Inc.(a)   4,764    83,751 
Lamb Weston Holdings Inc.   65,200    7,250,240 
Lindsay Corp.   4,872    573,922 
Mosaic Co. (The)   148,606    4,749,448 
Pilgrim’s Pride Corp.(a)   21,304    472,949 
Scotts Miracle-Gro Co. (The)   18,783    1,187,086 
Titan International Inc.(a)   23,899    236,361 
Toro Co. (The)   46,666    4,565,335 
Vital Farms Inc.(a)   12,764    184,950 
         127,004,849 
Total Common Stocks — 97.6%          
(Cost: $264,213,463)        210,314,554 
           
Preferred Stocks          
           
Chile — 1.9%          
Sociedad Quimica y Minera de Chile SA, Class B, Preference Shares   63,913    4,118,813 
           
Total Preferred Stocks — 1.9%          
(Cost: $4,315,837)        4,118,813 
Total Long-Term Investments — 99.5%          
(Cost: $268,529,300)        214,433,367 

 

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

 

Security  Shares   Value 
         
Short-Term Securities          
           
Money Market Funds — 2.4%          
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.29%(f)(g)(h)   5,173,262   $5,174,297 
           
Total Short-Term Securities — 2.4%          
(Cost: $5,174,637)        5,174,297 
Total Investments — 101.9%          
(Cost: $273,703,937)        219,607,664 
Liabilities in Excess of Other Assets — (1.9)%    (4,166,355)
           
Net Assets — 100.0%       $215,441,309 

 

(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)Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(e)This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.
(f)Affiliate of the Fund.
(g)Annualized 7-day yield as of period end.
(h)All or a portion of this security was purchased with the cash collateral from loaned securities.

 

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: Institutional, SL Agency Shares  $807,964   $4,366,898(a)  $—   $100   $(665)  $5,174,297   5,173,262   $21,769(b)  $— 
BlackRock Cash Funds: Treasury, SL Agency Shares(c)   —    0(a)   —    —    —    —   —    7,313    — 
                  $100   $(665)  $5,174,297       $29,082   $— 

 

(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.
(c)As of period end, the entity is no longer held.

 

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                    
Euro STOXX 50 Index   11    06/16/23   $497   $(3,284)
S&P 500 E-Mini Index   3    06/16/23    629    1,269 
                  $(2,015)

 

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).

 

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Schedule of Investments (unaudited) (continued) iShares® MSCI Agriculture Producers ETF
May 31, 2023  

 

Fair Value Hierarchy as of Period End (continued)

 

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 
Assets                
Investments                
Long-Term Investments                    
Common Stocks  $142,826,261   $67,488,290   $3   $210,314,554 
Preferred Stocks   4,118,813    —    —    4,118,813 
Short-Term Securities                    
Money Market Funds   5,174,297    —    —    5,174,297 
   $152,119,371   $67,488,290   $3   $219,607,664 
Derivative Financial Instruments(a)                    
Assets                    
Equity Contracts  $1,269   $—   $—   $1,269 
Liabilities                    
Equity Contracts   —    (3,284)   —    (3,284)
   $1,269   $(3,284)  $—    (2,015)

 

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

 

Portfolio Abbreviation

 

GDR Global Depositary Receipt
JSC Joint Stock Company
NVDR Non-Voting Depositary Receipt
NVS Non-Voting Shares
PJSC Public Joint Stock Company

 

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