0001752724-23-165703.txt : 20230727 0001752724-23-165703.hdr.sgml : 20230727 20230727132022 ACCESSION NUMBER: 0001752724-23-165703 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230531 FILED AS OF DATE: 20230727 DATE AS OF CHANGE: 20230727 PERIOD START: 20230831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iShares, Inc. CENTRAL INDEX KEY: 0000930667 IRS NUMBER: 510396525 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-09102 FILM NUMBER: 231116999 BUSINESS ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: (415) 670-2000 MAIL ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: iSHARES INC DATE OF NAME CHANGE: 20070126 FORMER COMPANY: FORMER CONFORMED NAME: ISHARES INC DATE OF NAME CHANGE: 20000516 FORMER COMPANY: FORMER CONFORMED NAME: WEBS INDEX FUND INC DATE OF NAME CHANGE: 19970211 0000930667 S000004264 iShares MSCI Brazil ETF C000011968 iShares MSCI Brazil ETF EWZ NPORT-P 1 primary_doc.xml NPORT-P false 0000930667 XXXXXXXX S000004264 C000011968 iShares, Inc. 811-09102 0000930667 549300MGJZCNMJLBAJ67 400 HOWARD STREET SAN FRANCISCO 94105 800-474-2737 iShares MSCI Brazil ETF S000004264 5493006D2L7KY3ZDF809 2023-08-31 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EC CORP BR N 1 N N N Banco Bradesco SA 549300CTUU1RFXHQJE44 Banco Bradesco SA 000000000 64144388.00000000 NS 196101050.18000000 4.304124839381 Long EP CORP BR N 1 N N N Banco Bradesco SA 549300CTUU1RFXHQJE44 Banco Bradesco SA 000000000 12442205.00000000 NS 32544509.56000000 0.714303323995 Long EC CORP BR N 1 N N N Klabin SA N/A Klabin SA 000000000 11419305.00000000 NS 47223112.94000000 1.036476720605 Long EC CORP BR N 1 N N N Engie Brasil Energia SA 52990057Q0EK2Q9YBC07 Engie Brasil Energia SA 000000000 3751912.00000000 NS 31082897.00000000 0.682223113720 Long EC CORP BR N 1 N N N Eneva SA 549300T1AP7HKCABII19 Eneva SA 000000000 8149215.00000000 NS 18392074.54000000 0.403678536156 Long EC CORP BR N 1 N N N Banco BTG Pactual SA ZXLTQRYIK6IJH3R0IK66 Banco BTG Pactual SA 000000000 14599255.00000000 NS 75682574.75000000 1.661119354489 Long EC CORP BR N 1 N N N Vale SA 254900SMTWBX7RU2SR20 Vale SA 000000000 51998861.00000000 NS 654021508.76000000 14.35479421838 Long EC CORP BR N 1 N N N Petroleo Brasileiro SA 5493000J801JZRCMFE49 Petroleo Brasileiro SA 000000000 63556550.00000000 NS 327222337.73000000 7.182041047364 Long EP CORP BR N 1 N N N Cia Siderurgica Nacional SA 529900K40TEND42S0T46 Cia Siderurgica Nacional SA 000000000 10664513.00000000 NS 25540345.13000000 0.560572387447 Long EC CORP BR N 1 N N N Atacadao SA 549300SMI26ISJIRM371 Atacadao SA 000000000 7605672.00000000 NS 14197014.53000000 0.311603241428 Long EC CORP BR N 1 N N N Itau Unibanco Holding SA 5493002W2IVG62O3ZJ94 Itau Unibanco Holding SA 000000000 64321126.00000000 NS 333821230.28000000 7.326876872113 Long EP CORP BR N 1 N N N Gerdau SA 254900YDV6SEQQPZVG24 Gerdau SA 000000000 17324574.00000000 NS 81854027.71000000 1.796573519349 Long EP CORP BR N 1 N N N BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES 5493008LW2651I1QB503 BlackRock Cash Funds: Treasury, SL Agency Shares 066922477 17170000.00000000 NS USD 17170000.00000000 0.376855827260 Long STIV RF US N 1 N N N Telefonica Brasil SA 529900MTGG2HSDBIWG79 Telefonica Brasil SA 000000000 7200648.00000000 NS 56772893.38000000 1.246080122345 Long EC CORP BR N 1 N N N Vibra Energia SA 549300U7VLJ3SYVNY689 Vibra Energia SA 000000000 14057518.00000000 NS 44583498.83000000 0.978541137666 Long EC CORP BR N 1 N N N Hapvida Participacoes e Investimentos S/A N/A Hapvida Participacoes e Investimentos S/A 000000000 65596797.00000000 NS 51589935.55000000 1.132321947582 Long EC CORP BR N 1 N N N Banco Santander Brasil SA 549300D1H731B30TSI43 Banco Santander Brasil SA 000000000 6459493.00000000 NS 36414463.92000000 0.799243035807 Long EC CORP BR N 1 N N N Localiza Rent a Car SA N/A Localiza Rent a Car SA 000000000 10824692.00000000 NS 132372201.86000000 2.905371906709 Long EC CORP BR N 1 N N N Itausa SA N/A Itausa SA 000000000 65104762.00000000 NS 112672187.80000000 2.472986053732 Long EP CORP BR N 1 N N N BB Seguridade Participacoes SA N/A BB Seguridade Participacoes SA 000000000 10772594.00000000 NS 65676449.73000000 1.441499871549 Long EC CORP BR N 1 N N N Cosan SA N/A Cosan SA 000000000 16133801.00000000 NS 47702090.36000000 1.046989558803 Long EC CORP BR N 1 N N N Energisa S/A N/A Energisa S/A 000000000 2396856.00000000 NS 20806484.58000000 0.456671226486 Long EC CORP BR N 1 N N N Rede D'Or Sao Luiz SA N/A Rede D'Or Sao Luiz SA 000000000 6641255.00000000 NS 37962745.16000000 0.833225494020 Long EC CORP BR N 1 N N N XP INC 5493008KDA8NBZRJST80 XP Inc 000000000 1.00000000 NS 17.68000000 0.000000388049 Long EC CORP KY N 1 N N N Equatorial Energia SA N/A Equatorial Energia SA 000000000 15446352.00000000 NS 85706504.41000000 1.881129622656 Long EC CORP BR N 1 N N N Localiza Rent a Car SA N/A Localiza Rent a Car SA 000000000 47900.00000000 NS 580657.56000000 0.012744565237 Long EC CORP BR N 2 N N N EQUATORIAL ENERGIA S A N/A EQUATORIAL ENERGIA S A 000000000 214802.00000000 NS 1191862.55000000 0.026159600888 Long EC CORP BR N 2 N N N TIM SA/Brazil N/A TIM SA/Brazil 000000000 14852909.00000000 NS 40870165.30000000 0.897039018892 Long EC CORP BR N 1 N N N Cia de Saneamento Basico do Estado de Sao Paulo SABESP 254900UOXRZRS2TNWP19 Cia de Saneamento Basico do Estado de Sao Paulo SABESP 000000000 5459697.00000000 NS 56552357.90000000 1.241239698306 Long EC CORP BR N 1 N N N Lojas Renner SA N/A Lojas Renner SA 000000000 14727928.00000000 NS 56463879.45000000 1.239297728622 Long EC CORP BR N 1 N N N WEG SA N/A WEG SA 000000000 23909878.00000000 NS 177251593.95000000 3.890407459010 Long EC CORP BR N 1 N N N JBS S/A 529900RM0MTMZL9O5050 JBS S/A 000000000 11812792.00000000 NS 39117518.30000000 0.858571037816 Long EC CORP BR N 1 N N N Magazine Luiza SA N/A Magazine Luiza SA 000000000 42092866.00000000 NS 31528372.22000000 0.692000628720 Long EC CORP BR N 1 N N N Petroleo Brasileiro SA 5493000J801JZRCMFE49 Petroleo Brasileiro SA 000000000 49530541.00000000 NS 285176729.67000000 6.259202817422 Long EC CORP BR N 1 N N N B3 SA - Brasil Bolsa Balcao 4GTK5S46E6H318LMDS44 B3 SA - Brasil Bolsa Balcao 000000000 80246131.00000000 NS 210687021.25000000 4.624265095291 Long EC CORP BR N 1 N N N Sendas Distribuidora S/A N/A Sendas Distribuidora S/A 000000000 8742190.00000000 NS 18524144.54000000 0.406577275183 Long EC CORP BR N 1 N N N CPFL Energia SA 529900GBWSBDXN8GGM28 CPFL Energia SA 000000000 3098942.00000000 NS 18496040.79000000 0.405960439892 Long EC CORP BR N 1 N N N Cia Energetica de Minas Gerais 254900W703PXLDSEM056 Cia Energetica de Minas Gerais 000000000 22111219.00000000 NS 50992699.49000000 1.119213509058 Long EP CORP BR N 1 N N N Centrais Eletricas Brasileiras SA 254900I8KYDELP4B4Z08 Centrais Eletricas Brasileiras SA 000000000 14157843.00000000 NS 98510211.87000000 2.162151857183 Long EC CORP BR N 1 N N N ICE Futures Europe - Financial Products Division N/A MSCI BRAZIL IX FU JUN23 000000000 1527.00000000 NC USD 478630.09000000 0.010505214823 N/A DE GB N 1 ICE Futures Europe - Financial Products Division N/A Long MSCI Brazil Index Futures MCBM3 Index 2023-06-16 73246915.01000000 USD 478630.09000000 N N N Raia Drogasil SA N/A Raia Drogasil SA 000000000 17035587.48000000 NS 95129046.84000000 2.087940340323 Long EC CORP BR N 1 N N N Rumo SA N/A Rumo SA 000000000 19752457.00000000 NS 81060878.47000000 1.779165079455 Long EC CORP BR N 1 N N N Centrais Eletricas Brasileiras SA 254900I8KYDELP4B4Z08 Centrais Eletricas Brasileiras SA 000000000 4241981.00000000 NS 32943853.39000000 0.723068323961 Long EP CORP BR N 1 N N N TOTVS SA N/A TOTVS SA 000000000 5839201.00000000 NS 33101811.59000000 0.726535270271 Long EC CORP BR N 1 N N N Ambev SA 549300TH5Q6VRP8OT012 Ambev SA 000000000 61623050.00000000 NS 175031665.88000000 3.841683357130 Long EC CORP BR N 1 N N N PRIO SA/Brazil N/A PRIO SA/Brazil 000000000 8202158.00000000 NS 55276010.10000000 1.213225772503 Long EC CORP BR N 1 N N N 2023-06-29 iShares, Inc. Chuck Pulsfort Chuck Pulsfort Assistant Treasurer XXXX NPORT-EX 2 NPORT_0BHW_95256273_0523.htm

 

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

 

Security  Shares   Value 
           
Common Stocks          
           
Banks — 4.3%          
Banco Bradesco SA   17,982,651   $47,036,402 
Banco do Brasil SA   12,688,402    111,595,312 
Banco Santander Brasil SA   6,459,493    36,414,464 
         195,046,178 
Beverages — 3.9%          
Ambev SA   61,682,366    175,200,145 
           
Capital Markets — 6.1%          
B3 SA - Brasil, Bolsa, Balcao   77,313,834    202,988,246 
Banco BTG Pactual SA   14,618,434    75,781,999 
XP Inc.(a)   1    17 
         278,770,262 
Containers & Packaging — 1.0%          
Klabin SA   11,419,305    47,223,113 
           
Diversified Telecommunication Services — 1.3%          
Telefonica Brasil SA   7,200,648    56,772,893 
           
Electric Utilities — 5.1%          
Centrais Eletricas Brasileiras SA   15,157,601    105,466,524 
CPFL Energia SA   3,122,513    18,636,724 
Energisa SA   2,415,090    20,964,769 
Equatorial Energia SA   15,463,601    85,802,213 
Equatorial Energia SA   214,802    1,191,863 
         232,062,093 
Electrical Equipment — 3.9%          
WEG SA   23,932,798    177,421,507 
           
Consumer Staples Distribution & Retail — 3.0%          
Atacadao SA   8,723,637    16,283,847 
Raia Drogasil SA   17,053,080    95,226,730 
Sendas Distribuidora SA   12,018,788    25,467,048 
         136,977,625 
Food Products — 0.9%          
JBS SA   11,843,466    39,219,094 
           
Health Care Providers & Services — 2.0%          
Hapvida Participacoes e Investimentos SA(a)(b)   65,596,797    51,589,936 
Rede D’Or Sao Luiz SA(b)   6,658,576    38,061,755 
         89,651,691 
Independent Power and Renewable Electricity Producers — 1.1%          
Eneva SA(a)   8,149,215    18,392,075 
Engie Brasil Energia SA   3,751,912    31,082,897 
         49,474,972 
Insurance — 1.5%          
BB Seguridade Participacoes SA   10,788,386    65,772,728 
           
Metals & Mining — 13.9%          
Cia. Siderurgica Nacional SA   10,664,513    25,540,345 
Vale SA   48,461,516    609,530,155 
         635,070,500 
Broadline Retail — 0.7%          
Magazine Luiza SA(a)   42,092,866    31,528,372 
           
Oil, Gas & Consumable Fuels — 9.5%          
Cosan SA   16,133,801    47,702,090 
Petro Rio SA(a)   8,893,824    59,937,288 
Petroleo Brasileiro SA   49,578,225    285,451,275 

 

Security  Shares   Value 
           
Oil, Gas & Consumable Fuels (continued)          
Ultrapar Participacoes SA   12,430,527   $41,481,644 
         434,572,297 
Paper & Forest Products — 2.1%          
Suzano SA   11,001,165    97,102,905 
           
Personal Care Products — 0.8%          
Natura & Co. Holding SA   13,006,215    35,609,234 
           
Pharmaceuticals — 1.1%          
Hypera SA   6,343,642    51,041,229 
           
Ground Transportation — 4.7%          
Localiza Rent a Car SA   10,787,168    131,913,331 
Localiza Rent a Car SA(a)   47,900    580,658 
Rumo SA   19,776,331    81,158,853 
         213,652,842 
Software — 0.7%          
TOTVS SA   5,839,201    33,101,812 
           
Specialty Retail — 2.2%          
Lojas Renner SA   14,754,866    56,567,154 
Vibra Energia SA   14,057,518    44,583,499 
         101,150,653 
Transportation Infrastructure — 1.1%          
CCR SA   19,423,378    51,953,411 
           
Water Utilities — 1.2%          
Cia. de Saneamento Basico do Estado de Sao Paulo   5,469,599    56,654,924 
           
Wireless Telecommunication Services — 0.9%          
Tim SA   14,852,909    40,870,165 
           
Total Common Stocks — 73.0%          
(Cost: $2,324,123,543)       3,325,900,645 
           
Preferred Stocks          
           
Banks — 14.6%          
Banco Bradesco SA, Preference Shares, NVS   69,880,380    213,637,020 
Itau Unibanco Holding SA, Preference Shares, NVS   64,850,167    336,566,908 
Itausa SA, Preference Shares, NVS   65,167,307    112,780,430 
         662,984,358 
Electric Utilities — 1.8%          
Centrais Eletricas Brasileiras SA, Class B, Preference Shares, NVS   4,241,981    32,943,853 
Cia. Energetica de Minas Gerais, Preference Shares, NVS   22,152,501    51,087,904 
         84,031,757 
Metals & Mining — 1.8%          
Gerdau SA, Preference Shares, NVS   17,344,827    81,949,718 
           
Oil, Gas & Consumable Fuels — 7.2%          
Petroleo Brasileiro SA, Preference Shares, NVS   63,622,533    327,562,053 
           
Total Preferred Stocks — 25.4%          
(Cost: $834,605,320)        1,156,527,886 
           
Total Long-Term Investments — 98.4%          
(Cost: $3,158,728,863)        4,482,428,531 

 

1

 

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

 

Security  Shares   Value 
           
Short-Term Securities          
           
Money Market Funds — 0.4%          
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.07%(c)(d)   17,170,000   $17,170,000 
           
Total Short-Term Securities — 0.4%          
(Cost: $17,170,000)        17,170,000 
           
Total Investments — 98.8%          
(Cost: $3,175,898,863)        4,499,598,531 
           
Other Assets Less Liabilities — 1.2%        56,479,541 
           
Net Assets — 100.0%       $4,556,078,072 

 

 

 

(a)Non-income producing security.

(b)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.

(c)Affiliate of the Fund.

(d)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
08/31/22		   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: Treasury, SL Agency Shares  $6,880,000   $10,290,000(a)  $—   $—   $—   $17,170,000    17,170,000   $418,123   $11 

 

(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                  
Bclear MSCI Brazil Index   1,412   06/16/23  $68,173   $456,416 

 

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.

 

2

 

Schedule of Investments (unaudited) (continued) iShares® MSCI Brazil 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  $3,324,128,124   $1,772,521   $—   $3,325,900,645 
Preferred Stocks   1,156,527,886    —    —    1,156,527,886 
Short-Term Securities                    
Money Market Funds   17,170,000    —    —    17,170,000 
   $4,497,826,010   $1,772,521   $—   $4,499,598,531 
Derivative Financial Instruments(a)                    
Assets                    
Equity Contracts  $456,416   $—   $—   $456,416 

 

(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

 

3