NPORT-EX 2 NPORT_0BG5_96503753_0523.htm

 

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

 

Security  Shares   Value 
         
Common Stocks          
           
Air Freight & Logistics — 0.2%          
JWD Infologistics PCL, NVDR(a)   690,200   $348,809 
Kerry Express Thailand PCL, NVS(a)(b)   815,100    238,795 
         587,604 
Passenger Airlines — 0.3%          
Asia Aviation PCL, NVDR(b)   6,805,247    527,678 
Bangkok Airways PCL, NVDR(b)   1,384,000    564,380 
         1,092,058 
Automobile Components — 0.3%          
Sri Trang Agro-Industry PCL, NVDR   1,544,245    842,529 
Banks — 4.4%          
Kasikornbank PCL, NVDR   1,082,700    4,027,220 
Kiatnakin Phatra Bank PCL, NVDR   396,973    718,244 
Krung Thai Bank PCL, NVDR   6,386,800    3,484,929 
SCB X PCL, NVDR   1,538,700    4,572,695 
Thanachart Capital PCL, NVDR   535,700    796,320 
         13,599,408 
Beverages — 1.1%          
Carabao Group PCL, NVDR   639,800    1,220,342 
Osotspa PCL, NVDR(a)   2,470,800    2,058,030 
         3,278,372 
Building Products — 0.1%          
Dynasty Ceramic PCL, NVDR(a)   7,506,440    431,405 
Capital Markets — 0.5%          
Bangkok Commercial Asset Management PCL, NVDR   3,306,400    1,044,244 
Beyond Securities PC, NVDR(a)(b)   2,703,900    624,925 
         1,669,169 
Chemicals — 2.7%          
Eastern Polymer Group PCL, NVDR   1,569,100    315,606 
Indorama Ventures PCL, NVDR   3,078,910    2,807,509 
PTT Global Chemical PCL, NVDR(a)   4,120,907    4,169,954 
TOA Paint Thailand PCL, NVDR   1,116,600    1,066,127 
         8,359,196 
Construction & Engineering — 0.5%          
CH Karnchang PCL, NVDR(a)   2,020,600    1,114,797 
Sino-Thai Engineering & Construction PCL, NVDR   1,951,428    523,567 
         1,638,364 
Construction Materials — 4.8%          
Siam Cement PCL (The), NVDR   1,428,300    13,081,398 
Siam City Cement PCL, NVDR   167,100    633,846 
Tipco Asphalt PCL, NVDR   1,154,100    603,581 
TPI Polene PCL, NVDR   10,772,500    452,087 
         14,770,912 
Consumer Finance — 3.7%          
AEON Thana Sinsap Thailand PCL, NVDR(a)   160,500    919,553 
Asia Sermkij Leasing PCL, NVDR(a)   393,900    319,368 
JMT Network Services PCL, NVDR(a)   1,217,600    1,502,974 
Krungthai Card PCL, NVDR(a)   1,885,200    2,760,489 
Muangthai Capital PCL, NVDR   1,374,400    1,626,370 
Ngern Tid Lor PCL, NVDR   2,311,000    1,842,823 
Ratchthani Leasing PCL, NVDR(a)   3,708,327    372,682 
Srisawad Corp. PCL, NVDR   1,255,060    2,007,534 
         11,351,793 
Containers & Packaging — 0.9%          
Polyplex Thailand PCL, NVDR(a)   435,400    167,554 
Security  Shares   Value 
Containers & Packaging (continued)          
SCG Packaging PCL, NVDR   2,354,200   $2,652,452 
         2,820,006 
Diversified Consumer Services — 0.2%          
SISB PCL, NVDR   429,600    490,707 
Diversified Telecommunication Services — 1.4%          
Jasmine International PCL, NVDR(a)(b)   7,068,168    343,121 
Thaicom PCL, NVDR(a)   1,052,500    351,173 
True Corp. PCL, NVDR   18,947,748    3,729,657 
         4,423,951 
Electrical Equipment — 0.2%          
STARK Corp. PCL, NVDR(a)(b)(c)   9,415,000    548,240 
Electronic Equipment, Instruments & Components — 6.8%      
Delta Electronics Thailand PCL, NVDR   5,710,800    16,229,329 
Forth Corp. PCL, NVDR(a)   598,400    557,908 
Hana Microelectronics PCL, NVDR   1,033,900    1,305,929 
Jay Mart PCL, NVDR   1,199,000    701,943 
KCE Electronics PCL, NVDR(a)   1,512,500    1,693,033 
Nex Point Parts PCL, NVDR(a)(b)   945,300    358,482 
         20,846,624 
Entertainment — 0.4%          
Major Cineplex Group PCL, NVDR(a)   1,098,000    488,757 
One Enterprise Public Co. Ltd. (The), NVDR   1,745,600    278,139 
RS PCL, NVDR(a)   879,920    358,908 
         1,125,804 
Consumer Staples Distribution & Retail — 8.4%          
Berli Jucker PCL, NVDR   1,831,500    1,905,989 
CP ALL PCL, NVDR   10,703,800    19,599,078 
Siam Makro PCL, NVDR   3,868,000    4,499,107 
         26,004,174 
Food Products — 3.3%          
Betagro PCL, NVDR   1,242,700    982,019 
Charoen Pokphand Foods PCL, NVDR(a)   7,083,400    4,088,590 
GFPT PCL, NVDR   815,200    287,662 
Ichitan Group PCL, NVDR   1,192,100    496,170 
Khon Kaen Sugar Industry PCL, NVDR   4,433,878    437,704 
R&B Food Supply PCL, NVDR(a)   927,800    268,871 
Sappe PCL, NVDR   197,200    480,250 
Thai Union Group PCL, NVDR(a)   5,233,500    2,209,579 
Thai Vegetable Oil PCL, NVDR   753,488    557,294 
Thaifoods Group PCL, NVDR(a)   2,115,100    269,274 
         10,077,413 
Health Care Equipment & Supplies — 0.2%          
Sri Trang Gloves Thailand PCL, NVDR(a)   1,874,500    495,525 
Health Care Providers & Services — 9.2%          
Bangkok Chain Hospital PCL, NVDR(a)   2,279,225    1,210,392 
Bangkok Dusit Medical Services PCL, NVDR   20,390,200    16,530,739 
Bumrungrad Hospital PCL, NVDR   1,091,676    6,989,585 
Chularat Hospital PCL, NVDR   9,260,900    871,454 
Ramkhamhaeng Hospital PCL, NVDR   767,700    1,024,806 
Thonburi Healthcare Group PCL, NVDR(a)   619,600    1,214,632 
Vibhavadi Medical Center PCL, NVDR(a)   8,923,800    646,206 
         28,487,814 
Hotels, Restaurants & Leisure — 3.5%          
Asset World Corp. PCL, NVDR   14,624,600    2,066,123 
Central Plaza Hotel PCL, NVDR(b)   867,100    1,250,688 
Erawan Group PCL (The), NVDR(b)   4,555,900    541,824 

 

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

 

Security  Shares   Value 
Hotels, Restaurants & Leisure (continued)          
Minor International PCL, NVDR   5,835,410   $5,654,333 
MK Restaurants Group PCL, NVDR   507,000    753,731 
Srinanaporn Marketing PCL, NVDR   877,400    636,055 
         10,902,754 
Independent Power and Renewable Electricity Producers — 8.0%      
Absolute Clean Energy PCL, NVDR(a)(b)   4,650,300    265,696 
B Grimm Power PCL, NVDR   1,667,800    1,793,280 
Banpu Power PCL, NVDR(a)   1,114,200    454,551 
BCPG PCL, NVDR   2,126,050    552,499 
CK Power PCL, NVDR   3,801,460    362,465 
Electricity Generating PCL, NVDR   433,100    1,797,600 
Energy Absolute PCL, NVDR(a)   3,068,200    5,724,037 
Global Power Synergy PCL, NVDR   1,288,600    2,164,136 
Gulf Energy Development PCL, NVDR(a)   5,370,800    7,513,999 
Gunkul Engineering PCL, NVDR(a)   7,473,922    720,851 
Ratch Group PCL, NVDR   1,987,900    2,069,367 
SPCG PCL, NVDR   885,300    317,996 
Super Energy Corp. PCL, NVDR   27,496,250    457,985 
TPI Polene Power PCL, NVDR(a)   4,672,200    440,368 
         24,634,830 
Industrial Conglomerates — 0.1%          
Thoresen Thai Agencies PCL, NVDR(a)   2,232,200    458,439 
Insurance — 0.7%          
Bangkok Life Assurance PCL, NVDR   1,096,400    850,655 
Dhipaya Group Holdings PCL, NVDR(a)   760,400    950,166 
TQM Corp. PCL, NVDR(a)   438,700    393,553 
         2,194,374 
IT Services — 0.1%          
Ditto Thailand PCL, NVDR(a)   347,560    331,763 
Machinery — 0.2%          
Sabuy Technology PCL, NVDR(a)   1,591,800    548,432 
Marine Transportation — 0.3%          
Precious Shipping PCL, NVDR(a)   1,425,100    383,000 
Regional Container Lines PCL, NVDR(a)   695,700    479,296 
         862,296 
Media — 0.7%          
BEC World PCL, NVDR(a)   1,520,700    388,625 
Plan B Media PCL, NVDR(a)   3,520,060    909,742 
VGI PCL, NVDR(a)   8,214,450    759,511 
         2,057,878 
Broadline Retail — 1.3%          
Central Retail Corp. PCL, NVDR   3,307,334    3,989,079 
Oil, Gas & Consumable Fuels — 12.0%          
Bangchak Corp. PCL, NVDR   1,887,700    1,733,882 
Banpu PCL, NVDR   13,908,300    3,294,186 
Esso Thailand PCL, NVDR(a)   2,214,200    549,867 
IRPC PCL, NVDR(a)   18,676,400    1,190,381 
Prima Marine PCL, NVDR   1,872,200    357,467 
PTT Exploration & Production PCL, NVDR(a)   2,543,684    10,185,438 
PTT Public Company Ltd., NVDR   18,323,900    15,785,139 
Siamgas & Petrochemicals PCL, NVDR(a)   1,040,300    254,004 
Star Petroleum Refining PCL, NVDR(a)   3,180,700    753,070 
Thai Oil PCL, NVDR   2,245,800    2,787,094 
         36,890,528 
Pharmaceuticals — 0.2%          
Mega Lifesciences PCL, NVDR(a)   652,700    730,519 
Security  Shares   Value 
Real Estate Management & Development — 6.9%          
Amata Corp. PCL, NVDR   1,503,000   $954,013 
AP Thailand PCL, NVDR   4,376,386    1,458,365 
Bangkok Land PCL, NVDR   21,254,200    518,943 
Central Pattana PCL, NVDR   3,698,000    7,165,715 
Land & Houses PCL, NVDR   15,290,300    3,732,422 
MBK PCL, NVDR   1,592,200    740,083 
Origin Property PCL, NVDR(a)   1,608,400    498,645 
Pruksa Holding PCL, NVDR   1,000,100    356,234 
Quality Houses PCL, NVDR   13,754,532    908,705 
Sansiri PCL, NVDR   23,186,437    1,158,796 
SC Asset Corp. PCL, NVDR   2,743,004    343,543 
Singha Estate PCL, NVDR(a)   4,612,400    208,037 
Supalai PCL, NVDR   2,354,200    1,366,256 
WHA Corp. PCL, NVDR   15,201,040    1,929,592 
         21,339,349 
Ground Transportation — 0.9%          
BTS Group Holdings PCL, NVDR   14,441,800    2,945,828 
Specialty Retail — 3.0%          
Aurora Design PCL, NVDR(a)   873,000    410,944 
Dohome PCL, NVDR(a)   1,729,841    720,177 
Home Product Center PCL, NVDR   10,817,773    4,286,516 
PTG Energy PCL, NVDR(a)   1,685,000    580,487 
PTT Oil & Retail Business PCL, NVDR   5,483,800    3,150,367 
Singer Thailand PCL, NVDR(a)   602,324    197,063 
         9,345,554 
Transportation Infrastructure — 6.4%          
Airports of Thailand PCL, NVDR(b)   7,855,300    15,963,351 
Bangkok Aviation Fuel Services PCL, NVDR(a)(b)   524,400    485,862 
Bangkok Expressway & Metro PCL, NVDR   13,970,053    3,231,865 
         19,681,078 
Water Utilities — 0.3%          
TTW PCL, NVDR(a)   2,604,166    635,836 
WHA Utilities and Power PCL, NVDR(a)   2,152,700    242,519 
         878,355 
Wireless Telecommunication Services — 5.5%          
Advanced Info Service PCL, NVDR   2,178,419    13,206,434 
Intouch Holdings PCL, NVDR   1,758,500    3,774,265 
         16,980,699 
Total Long-Term Investments — 99.7%          
(Cost: $404,611,470)        307,712,823 
         
Short-Term Securities          
           
Money Market Funds — 6.6%          
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.29%(d)(e)(f)   19,641,749    19,645,677 
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.07%(d)(e)   730,000    730,000 
Total Short-Term Securities — 6.6%          
(Cost: $20,369,513)        20,375,677 
Total Investments — 106.3%          
(Cost: $424,980,983)        328,088,500 
Liabilities in Excess of Other Assets — (6.3)%        (19,517,657)
Net Assets — 100.0%       $308,570,843 

 

(a)All or a portion of this security is on loan.

 

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

 

(b)Non-income producing security.
(c)Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(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  $26,494,555   $—   $(6,845,383)(a) $4,402   $(7,897)  $19,645,677   19,641,749   $1,579,003(b)  $   — 
BlackRock Cash Funds: Treasury, SL Agency Shares   600,000    130,000(a)   —   —    —    730,000   730,000    12,160    — 
                 $4,402   $(7,897)  $20,375,677       $1,591,163   $— 

 

(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                  
MSCI Emerging Markets Index   15   06/16/23  $718   $(9,760)

 

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 Thailand 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  $10,815,667   $296,348,916   $548,240   $307,712,823 
Short-Term Securities                    
Money Market Funds   20,375,677    —    —    20,375,677 
   $31,191,344   $296,348,916   $548,240   $328,088,500 
Derivative Financial Instruments(a)                    
Liabilities                    
Equity Contracts  $(9,760)  $—   $—   $(9,760)

 

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

 

Portfolio Abbreviation

 

NVDR Non-Voting Depositary Receipt
NVS Non-Voting Shares

 

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