NPORT-EX 2 NPORT_0BIN_28953445_0523.htm

 

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

 

Security  Shares   Value 
           
Common Stocks          
           
Banks — 22.5%          
Banco de Chile   577,740,421   $58,415,615 
Banco de Credito e Inversiones SA   809,551    23,796,655 
Banco Itau Chile SA, NVS   1,036,314    10,785,403 
Banco Santander Chile   563,151,425    24,472,602 
Grupo Security SA   30,189,330    7,565,549 
         125,035,824 
Beverages — 4.7%          
Cia. Cervecerias Unidas SA   2,096,997    15,403,772 
Vina Concha y Toro SA   9,221,048    10,473,224 
         25,876,996 
Capital Markets — 0.9%          
Sociedad de Inversiones Oro Blanco SA   625,739,934    5,137,216 
           
Electric Utilities — 11.2%          
Enel Americas SA   270,133,751    34,830,364 
Enel Chile SA   342,405,402    18,811,045 
Engie Energia Chile SA(a)   10,022,280    8,599,310 
         62,240,719 
Consumer Staples Distribution & Retail — 6.6%
Cencosud SA   13,660,283    25,802,597 
SMU SA   64,343,243    10,882,679 
         36,685,276 
Independent Power and Renewable Electricity Producers — 3.3%
Colbun SA   125,404,717    18,270,271 
           
Marine Transportation — 2.5%
Cia. Sud Americana de Vapores SA   189,513,502    13,935,006 
           
Metals & Mining — 1.7%
CAP SA   1,341,909    9,443,005 
           
Broadline Retail — 3.5%          
Falabella SA   8,938,066    19,696,728 
           
Oil, Gas & Consumable Fuels — 4.7%
Empresas COPEC SA   3,592,798    25,947,825 
           
Paper & Forest Products — 4.5%          
Empresas CMPC SA   14,718,924    25,167,388 
           
Real Estate Management & Development — 3.4%
Parque Arauco SA   10,072,009    14,175,332 

 

Security  Shares   Value 
           
Real Estate Management & Development (continued)
Plaza SA   3,598,152   $4,553,189 
         18,728,521 
Water Utilities — 4.3%
Aguas Andinas SA, Class A   48,284,921    15,737,211 
Inversiones Aguas Metropolitanas SA   10,255,486    8,017,841 
         23,755,052 
Wireless Telecommunication Services — 1.9%
Empresa Nacional de Telecomunicaciones SA   2,858,996    10,729,993 
           
Total Common Stocks — 75.7%          
(Cost: $397,298,067)       420,649,820 
           
Preferred Stocks          
           
Beverages — 3.0%          
Embotelladora Andina SA, Class B, Preference Shares, NVS   6,501,881    16,615,816 
           
Chemicals — 20.5%          
Sociedad Quimica y Minera de Chile SA, Class B, Preference Shares   1,773,256    114,275,792 
           
Total Preferred Stocks — 23.5%          
(Cost: $95,112,905)        130,891,608 
           
Total Long-Term Investments — 99.2%          
(Cost: $492,410,972)        551,541,428 
           
Short-Term Securities          
           
Money Market Funds — 1.5%          
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.07%(b)(c)   8,450,000    8,450,000 
           
Total Short-Term Securities — 1.5%          
(Cost: $8,450,000)        8,450,000 
           
Total Investments — 100.7%          
(Cost: $500,860,972)        559,991,428 
           
Liabilities in Excess of Other Assets — (0.7)%    (3,881,959)
           
Net Assets — 100.0%       $556,109,469 

 

(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
08/31/22		   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  $—   $8,450,000(a)   $—   $—   $—   $8,450,000    8,450,000   $22,542   $— 

 

(a)Represents net amount purchased (sold).

 

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

 

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   73   06/16/23  $3,492   $(101,563)

 

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  $420,649,820   $—   $—   $420,649,820 
Preferred Stocks   130,891,608    —    —    130,891,608 
Short-Term Securities                    
Money Market Funds   8,450,000    —    —    8,450,000 
   $559,991,428   $—   $—   $559,991,428 
Derivative Financial Instruments(a)                    
Liabilities                    
Equity Contracts  $(101,563)  $—   $—   $(101,563)

 

(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

 

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