NPORT-EX 2 NPORT_0BHY_55073297_0523.htm

 

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

 

Security  Shares   Value 
         
Common Stocks          
           
Austria — 0.5%          
Erste Group Bank AG   543,161   $17,644,708 
OMV AG   232,754    10,396,780 
Verbund AG   108,020    8,162,398 
voestalpine AG(a)   185,952    5,773,963 
         41,977,849 
Belgium — 2.8%          
Ageas SA/NV   256,161    10,248,026 
Anheuser-Busch InBev SA/NV   1,372,116    73,195,486 
Argenx SE(b)   87,954    34,258,191 
D’ieteren Group   34,354    5,943,426 
Elia Group SA/NV   46,453    5,621,879 
Groupe Bruxelles Lambert NV   157,716    12,170,164 
KBC Group NV   395,399    25,977,375 
Sofina SA   24,795    5,131,342 
Solvay SA   117,353    12,278,049 
UCB SA   199,718    17,441,707 
Umicore SA   331,199    9,207,293 
Warehouses De Pauw CVA   259,115    7,289,685 
         218,762,623 
Finland — 2.7%          
Elisa OYJ   225,633    12,638,989 
Fortum OYJ   714,622    9,522,148 
Kesko OYJ, Class B   434,840    8,232,813 
Kone OYJ, Class B   533,496    27,138,173 
Metso Outotec OYJ   1,053,901    11,553,944 
Neste OYJ   668,314    25,249,792 
Nokia OYJ   8,490,724    34,348,597 
Orion OYJ, Class B   169,792    7,199,580 
Sampo OYJ, Class A   726,468    33,432,225 
Stora Enso OYJ, Class R   919,010    11,658,830 
UPM-Kymmene OYJ   843,137    25,346,255 
Wartsila OYJ Abp   751,529    8,550,297 
         214,871,643 
France — 36.4%          
Accor SA   290,856    9,685,923 
Aeroports de Paris(b)   47,245    7,200,964 
Air Liquide SA   827,131    138,588,073 
Airbus SE   936,436    122,977,733 
Alstom SA   510,849    14,098,403 
Amundi SA(c)   97,008    5,474,575 
ArcelorMittal SA   762,667    19,023,741 
Arkema SA   88,909    7,766,152 
AXA SA   2,898,040    82,161,400 
BioMerieux   65,723    6,603,391 
BNP Paribas SA   1,754,876    102,025,419 
Bollore SE   1,405,972    9,020,767 
Bouygues SA   325,365    10,439,149 
Bureau Veritas SA   466,860    11,864,203 
Capgemini SE   260,496    45,445,136 
Carrefour SA   930,006    17,116,195 
Cie. de Saint-Gobain   774,051    42,986,516 
Cie. Generale des Etablissements Michelin SCA   1,071,680    30,580,730 
Covivio   76,608    3,761,664 
Credit Agricole SA   1,909,547    21,951,074 
Danone SA   1,014,234    60,031,398 
Dassault Aviation SA   39,827    6,755,503 
Dassault Systemes SE   1,054,661    46,497,180 
Edenred   391,611    25,207,645 
Security  Shares   Value 
         
France (continued)          
Eiffage SA   116,107   $12,399,386 
Engie SA   2,885,248    43,384,330 
EssilorLuxottica SA   459,644    83,242,973 
Eurazeo SE   68,906    4,713,127 
Eurofins Scientific SE   213,826    14,129,423 
Euronext NV(c)   135,913    9,068,820 
Gecina SA   73,215    7,519,996 
Getlink SE   564,739    9,608,914 
Hermes International   50,030    102,052,363 
Ipsen SA   60,244    6,984,895 
Kering SA   117,485    62,814,722 
Klepierre SA   342,066    7,773,077 
La Francaise des Jeux SAEM(c)   167,854    6,489,427 
Legrand SA   418,645    39,684,103 
L’Oreal SA   380,443    162,885,142 
LVMH Moet Hennessy Louis Vuitton SE   436,195    381,377,413 
Orange SA   2,941,447    35,130,566 
Pernod Ricard SA   325,982    70,613,832 
Publicis Groupe SA   361,561    26,852,356 
Remy Cointreau SA   36,767    5,669,202 
Renault SA   306,209    10,284,820 
Safran SA   539,952    78,425,152 
Sanofi   1,792,558    182,889,270 
Sartorius Stedim Biotech   43,718    11,524,722 
Schneider Electric SE   857,043    148,267,359 
SEB SA   39,555    3,731,325 
Societe Generale SA   1,149,048    26,750,374 
Sodexo SA   139,760    15,131,344 
STMicroelectronics NV   1,079,658    46,993,803 
Teleperformance   92,461    13,835,277 
Thales SA   167,424    23,336,128 
TotalEnergies SE   3,737,152    210,890,425 
Unibail-Rodamco-Westfield, New(b)   187,775    8,639,385 
Valeo.   327,612    6,304,541 
Veolia Environnement SA   1,072,366    31,659,586 
Vinci SA   839,557    95,639,791 
Vivendi SE   1,137,670    10,107,111 
Wendel SE   42,558    4,489,955 
Worldline SA/France(b)(c)   377,876    14,729,057 
         2,883,286,426 
Germany — 24.0%          
adidas AG   255,910    41,606,549 
Allianz SE, Registered   637,111    136,436,407 
BASF SE   1,412,014    67,152,764 
Bayer AG, Registered   1,551,926    86,613,481 
Bayerische Motoren Werke AG   523,031    57,039,295 
Bechtle AG   129,786    5,107,142 
Beiersdorf AG   159,233    20,319,659 
Brenntag SE   244,062    19,193,703 
Carl Zeiss Meditec AG, Bearer   63,957    7,196,486 
Commerzbank AG(b)   1,681,587    17,010,268 
Continental AG   175,134    11,689,772 
Covestro AG(b)(c)   306,721    11,844,883 
Daimler Truck Holding AG(b)   780,006    23,674,459 
Delivery Hero SE(a)(b)(c)   274,427    10,306,173 
Deutsche Bank AG, Registered   3,061,805    31,174,132 
Deutsche Boerse AG   300,141    51,913,488 
Deutsche Lufthansa AG, Registered(b)   946,911    9,317,551 
Deutsche Post AG, Registered   1,589,876    71,693,595 
Deutsche Telekom AG, Registered   5,120,091    113,592,059 

 

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

 

Security  Shares   Value 
         
Germany (continued)          
E.ON SE   3,546,597   $42,996,474 
Evonik Industries AG   331,765    6,663,727 
Fresenius Medical Care AG & Co. KGaA   324,452    13,888,960 
Fresenius SE & Co. KGaA   667,306    18,298,941 
GEA Group AG   241,341    10,171,530 
Hannover Rueck SE   95,253    20,417,839 
HeidelbergCement AG   227,225    16,300,205 
HelloFresh SE(b)   262,403    6,270,301 
Henkel AG & Co. KGaA   164,159    11,794,078 
Infineon Technologies AG   2,062,952    76,801,645 
Knorr-Bremse AG   115,343    7,913,528 
LEG Immobilien SE(b)   117,173    6,102,605 
Mercedes-Benz Group AG   1,352,010    101,067,540 
Merck KGaA   204,163    35,659,513 
MTU Aero Engines AG   84,614    19,574,049 
Muenchener Rueckversicherungs-Gesellschaft AG in  Muenchen, Registered   221,313    79,161,906 
Nemetschek SE   91,511    7,182,358 
Puma SE   168,113    8,034,851 
QIAGEN NV(b)   357,268    16,181,409 
Rational AG   8,166    5,488,252 
Rheinmetall AG   68,345    17,313,828 
RWE AG   1,004,713    42,074,547 
SAP SE   1,649,558    216,299,477 
Scout24 SE(c)   118,477    7,610,973 
Siemens AG, Registered   1,200,308    197,526,182 
Siemens Energy AG(b)   820,730    20,877,346 
Siemens Healthineers AG(c)   445,473    25,297,430 
Symrise AG   209,757    22,463,431 
Talanx AG(b)   100,054    5,577,325 
Telefonica Deutschland Holding AG   1,409,663    3,974,510 
Volkswagen AG   46,226    6,995,534 
Vonovia SE   1,131,477    20,818,487 
Wacker Chemie AG   28,835    3,828,060 
Zalando SE(b)(c)   354,321    10,303,585 
         1,903,812,292 
Ireland — 2.4%          
AIB Group PLC   2,111,573    8,729,086 
Bank of Ireland Group PLC   1,690,594    15,975,684 
CRH PLC   1,172,142    55,468,834 
Flutter Entertainment PLC, Class DI(b)   278,693    54,736,117 
Kerry Group PLC, Class A   251,751    24,554,566 
Kingspan Group PLC   244,919    16,304,665 
Smurfit Kappa Group PLC   410,955    14,642,393 
         190,411,345 
Italy — 7.2%          
Amplifon SpA   196,724    6,823,753 
Assicurazioni Generali SpA   1,601,069    30,415,499 
CNH Industrial NV   1,616,498    20,690,414 
Davide Campari-Milano NV   829,302    10,850,667 
DiaSorin SpA   40,098    4,141,578 
Enel SpA   12,848,169    80,866,402 
Eni SpA   3,667,200    48,798,489 
Ferrari NV   199,120    56,996,629 
FinecoBank Banca Fineco SpA   969,825    12,955,076 
Infrastrutture Wireless Italiane SpA(c)   531,090    6,771,395 
Intesa Sanpaolo SpA   25,496,972    59,215,519 
Mediobanca Banca di Credito Finanziario SpA   872,017    9,638,970 
Moncler SpA   325,370    22,143,744 
Nexi SpA(b)(c)   944,040    7,423,684 
Security  Shares   Value 
         
Italy (continued)          
Poste Italiane SpA(c)   832,288   $8,651,473 
Prysmian SpA   402,406    14,966,924 
Recordati Industria Chimica e Farmaceutica SpA   166,863    7,277,321 
Snam SpA   3,188,872    16,715,921 
Stellantis NV   3,553,385    54,148,046 
Telecom Italia SpA/Milano(a)(b)   15,740,281    4,183,922 
Tenaris SA   746,671    9,268,887 
Terna - Rete Elettrica Nazionale   2,226,558    18,708,151 
UniCredit SpA   2,912,538    56,160,368 
         567,812,832 
Netherlands — 13.9%          
ABN AMRO Bank NV, CVA(c)   646,911    9,451,169 
Adyen NV(b)(c)   34,280    56,145,192 
Aegon NV   2,665,798    11,713,980 
AerCap Holdings NV(b)   262,326    14,973,568 
Akzo Nobel NV   269,224    20,293,617 
ASM International NV   74,058    32,222,134 
ASML Holding NV   636,833    460,638,077 
Coca-Cola Europacific Partners PLC   324,939    20,272,944 
DSM-Firmenich AG(b)   276,108    30,705,524 
EXOR NV, NVS(b)   170,582    14,166,052 
Heineken Holding NV   180,771    15,384,560 
Heineken NV   409,458    41,428,324 
IMCD NV   90,098    13,581,162 
ING Groep NV(b)   5,717,710    70,448,414 
JDE Peet’s NV   198,546    5,768,299 
Just Eat Takeaway.com NV(b)(c)   330,104    4,992,555 
Koninklijke Ahold Delhaize NV   1,541,278    48,862,126 
Koninklijke KPN NV   5,183,021    17,830,872 
Koninklijke Philips NV   1,470,482    27,781,222 
NN Group NV   396,107    14,290,430 
OCI NV   167,169    3,710,441 
Prosus NV   1,266,165    83,446,082 
Randstad NV   174,359    8,553,302 
Universal Music Group NV   1,294,281    25,674,708 
Wolters Kluwer NV   406,796    46,465,942 
         1,098,800,696 
Portugal — 0.5%          
EDP - Energias de Portugal SA   4,631,040    22,622,141 
Galp Energia SGPS SA   787,692    8,341,576 
Jeronimo Martins SGPS SA   448,934    10,849,127 
         41,812,844 
Spain — 7.6%          
Acciona SA   39,165    6,347,721 
ACS Actividades de Construccion y Servicios SA   343,393    11,459,352 
Aena SME SA(c)   119,526    18,754,529 
Amadeus IT Group SA(b)   711,649    51,071,491 
Banco Bilbao Vizcaya Argentaria SA   9,525,720    62,628,605 
Banco Santander SA   25,992,225    84,917,365 
CaixaBank SA   6,518,077    23,956,085 
Cellnex Telecom SA(c)   892,810    36,181,529 
Corp. ACCIONA Energias Renovables SA   113,953    3,798,535 
EDP Renovaveis SA   402,069    7,994,787 
EDP Renovaveis SA   5,014    99,699 
Enagas SA   213,004    4,070,007 
Endesa SA   514,370    11,154,282 
Ferrovial SA   804,395    24,958,391 
Grifols SA(b)   475,069    5,527,834 
Iberdrola SA   9,195,879    112,298,416 

 

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

 

Security  Shares   Value 
         
Spain (continued)          
Industria de Diseno Textil SA   1,723,170   $57,649,952 
Naturgy Energy Group SA   207,490    5,922,124 
Red Electrica Corp. SA   392,304    6,652,789 
Repsol SA   2,096,875    28,417,761 
Telefonica SA   8,210,781    34,967,776 
         598,829,030 
Total Common Stocks — 98.0%          
(Cost: $8,433,626,934)        7,760,377,580 
         
Preferred Stocks          
           
Germany — 1.5%          
Bayerische Motoren Werke AG, Preference Shares, NVS   92,475    9,520,395 
Dr Ing hc F Porsche AG, Preference Shares, NVS(b)(c)   179,887    22,396,940 
Henkel AG & Co. KGaA, Preference Shares, NVS   267,370    21,339,715 
Porsche Automobil Holding SE, Preference Shares, NVS   241,975    13,478,166 
Sartorius AG, Preference Shares, NVS   41,401    13,895,016 
Volkswagen AG, Preference Shares, NVS   325,741    40,809,381 
         121,439,613 
Total Preferred Stocks — 1.5%          
(Cost: $163,760,822)        121,439,613 
           
Total Long-Term Investments — 99.5%          
(Cost: $8,597,387,756)        7,881,817,193 
Security  Shares   Value 
         
Short-Term Securities          
           
Money Market Funds — 0.4%          
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.29%(d)(e)(f)   4,479,132   $4,480,028 
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.07%(d)(e)   24,860,000    24,860,000 
           
Total Short-Term Securities — 0.4%          
(Cost: $29,340,230)        29,340,028 
           
Total Investments — 99.9%          
(Cost: $8,626,727,986)        7,911,157,221 
           
Other Assets Less Liabilities — 0.1%        7,496,831 
           
Net Assets — 100.0%       $7,918,654,052 

 

(a)All or a portion of this security is on loan.
(b)Non-income producing security.
(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.

 

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
08/31/22		   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  $13,209,554   $—   $(8,759,194)(a)  $35,076   $(5,408)  $4,480,028   4,479,132   $144,204(b)  $— 
BlackRock Cash Funds: Treasury, SL Agency Shares   24,890,000    —    (30,000)(a)   —    —    24,860,000   24,860,000    750,216    24 
                  $35,076   $(5,408)  $29,340,028       $894,420   $24 

 

(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                  
Euro STOXX 50 Index   827   06/16/23  $37,398   $(1,022,938)

 

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

 

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 
Assets                    
Investments                    
Long-Term Investments                    
Common Stocks  $77,297,660   $7,683,079,920   $—   $7,760,377,580 
Preferred Stocks   —    121,439,613    —    121,439,613 
Short-Term Securities                    
Money Market Funds   29,340,028    —    —    29,340,028 
   $106,637,688   $7,804,519,533   $—   $7,911,157,221 
Derivative Financial Instruments(a)                    
Liabilities                    
Equity Contracts  $—   $(1,022,938)  $—   $(1,022,938)

 

(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

 

4