NPORT-EX 2 NPORT_2Q1O_68323252_1123.htm

 

Schedule of Investments (unaudited) iShares® MSCI Agriculture Producers ETF
November 30, 2023 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Common Stocks          
           
Australia — 0.8%          
Australian Agricultural Co. Ltd.(a)   53,488   $47,432 
Costa Group Holdings Ltd.   135,283    277,240 
Elders Ltd.   56,029    271,736 
Inghams Group Ltd.   128,489    322,271 
Nufarm Ltd./Australia   130,096    407,020 
Select Harvests Ltd.   44,625    99,663 
         1,425,362 
Brazil — 0.9%          
BrasilAgro - Co. Brasileira de Propriedades Agricolas   18,179    89,010 
BRF SA(a)   214,283    638,228 
Jalles Machado SA   44,183    71,633 
Sao Martinho SA   57,421    386,380 
SLC Agricola SA   36,969    283,010 
Tres Tentos Agroindustrial SA   45,970    105,538 
         1,573,799 
Canada — 6.2%          
Ag Growth International Inc.   6,743    251,493 
Maple Leaf Foods Inc.   28,885    513,649 
Nutrien Ltd.   179,795    9,616,803 
Rogers Sugar Inc.   34,401    136,899 
         10,518,844 
China — 2.3%          
Asia - Potash International Investment Guangzhou Co. Ltd.(a)   19,500    74,055 
Beijing Dabeinong Technology Group Co. Ltd., Class A   94,400    96,168 
China BlueChemical Ltd., Class H   532,000    123,213 
China Modern Dairy Holdings Ltd.(b)   1,008,000    98,105 
China XLX Fertiliser Ltd.   212,000    90,248 
China Youran Dairy Group Ltd.(c)   277,000    51,196 
COFCO Joycome Foods Ltd.(a)(b)   994,000    239,518 
First Tractor Co. Ltd., Class H   146,000    91,001 
Fujian Sunner Development Co. Ltd., Class A   27,700    70,251 
Heilongjiang Agriculture Co. Ltd., Class A   36,900    65,222 
Henan Shuanghui Investment & Development Co. Ltd., Class A   76,300    278,463 
Inner Mongolia Yili Industrial Group Co. Ltd., Class A   140,000    534,297 
Jiangsu Yangnong Chemical Co. Ltd., Class A   8,760    79,232 
Muyuan Foods Co. Ltd., Class A   119,966    656,343 
New Hope Liuhe Co. Ltd., Class A(a)   99,300    138,956 
Qinghai Salt Lake Industry Co. Ltd., Class A(a)   118,500    262,757 
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A   46,080    192,416 
Sinofert Holdings Ltd.   744,000    82,828 
Wens Foodstuffs Group Co. Ltd., Class A   145,120    391,173 
Yuan Longping High-Tech Agriculture Co. Ltd., Class A(a)   27,800    65,744 
Yunnan Yuntianhua Co. Ltd.   38,900    85,548 
Zangge Mining Co. Ltd.   33,100    110,778 
         3,877,512 
Egypt — 0.3%          
Abou Kir Fertilizers & Chemical Industries   139,313    222,043 
Misr Fertilizers Production Co. SAE   20,300    225,825 
         447,868 
Germany — 0.8%          
K+S AG, Registered   69,649    1,033,070 
Suedzucker AG   22,183    339,455 
         1,372,525 
Hong Kong — 1.2%          
WH Group Ltd.(c)   3,034,500    1,948,986 
Security  Shares   Value 
         
India — 4.8%          
Balrampur Chini Mills Ltd.   44,131   $250,295 
Bayer CropScience Ltd.   4,865    313,484 
Chambal Fertilisers and Chemicals Ltd.   59,901    228,693 
Coromandel International Ltd.   42,331    590,738 
Deepak Fertilisers & Petrochemicals Corp. Ltd.   22,968    172,900 
EID Parry India Ltd.   28,987    186,042 
Gujarat Ambuja Exports Ltd.   25,532    114,001 
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.   30,604    252,314 
Gujarat State Fertilizers & Chemicals Ltd.   79,751    184,896 
Jain Irrigation Systems Ltd.(a)   101,915    88,235 
Kaveri Seed Co. Ltd.   7,100    51,537 
Paradeep Phosphates Ltd., NVS(c)   115,646    90,555 
PI Industries Ltd.   30,265    1,368,523 
Rallis India Ltd.   31,845    88,998 
Rashtriya Chemicals & Fertilizers Ltd.   47,848    73,871 
Sharda Cropchem Ltd.   9,392    45,393 
Shree Renuka Sugars Ltd.(a)   235,098    141,199 
Sumitomo Chemical India Ltd.   36,183    176,746 
Tata Coffee Ltd.   26,227    87,315 
Tata Consumer Products Ltd.   202,836    2,290,383 
Triveni Engineering & Industries Ltd.   27,416    127,570 
UPL Ltd.   163,331    1,118,687 
         8,042,375 
Indonesia — 0.8%          
Astra Agro Lestari Tbk PT   167,500    82,164 
Charoen Pokphand Indonesia Tbk PT   2,677,300    897,612 
Inti Agri Resources Tbk PT(a)(d)   2,230,700    — 
Japfa Comfeed Indonesia Tbk PT   1,922,900    145,698 
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT   1,067,400    63,314 
Sawit Sumbermas Sarana Tbk PT   1,168,800    76,488 
         1,265,276 
Ireland — 0.1%          
Origin Enterprises PLC   40,401    152,379 
Israel — 1.0%          
ICL Group Ltd.   281,527    1,418,106 
Israel Corp Ltd.(a)   1,378    345,480 
         1,763,586 
Japan — 4.3%          
Hokuto Corp.   7,500    88,770 
Kubota Corp.   365,300    5,246,702 
Kumiai Chemical Industry Co. Ltd.   26,400    194,408 
Maruha Nichiro Corp.   13,800    265,223 
Mitsui DM Sugar Holdings Co. Ltd.   5,500    112,256 
NH Foods Ltd.   30,200    897,955 
Prima Meat Packers Ltd.   8,500    129,451 
Sakata Seed Corp.   10,300    277,808 
YAMABIKO Corp.   10,900    109,787 
         7,322,360 
Malaysia — 1.9%          
Boustead Plantations Bhd   245,100    81,533 
Farm Fresh Bhd(b)   257,900    78,043 
IOI Corp. Bhd   913,600    788,861 
Kuala Lumpur Kepong Bhd   176,400    828,894 
QL Resources Bhd   395,507    476,187 
Sime Darby Plantation Bhd   754,600    729,308 
Ta Ann Holdings Bhd   73,100    56,164 
TSH Resources Bhd   258,700    54,411 
United Plantations Bhd   53,900    196,421 
         3,289,822 

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Schedule of Investments (unaudited) (continued) iShares® MSCI Agriculture Producers ETF
November 30, 2023 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Netherlands — 1.6%          
CNH Industrial NV   182,277   $1,957,655 
OCI NV   38,390    827,003 
         2,784,658 
Norway — 4.8%          
Austevoll Seafood ASA   32,659    225,098 
Bakkafrost P/F   18,264    880,588 
Grieg Seafood ASA   18,124    110,554 
Leroy Seafood Group ASA   96,509    376,940 
Mowi ASA   169,355    3,014,520 
Salmar ASA   26,440    1,448,882 
Yara International ASA   60,008    2,035,785 
         8,092,367 
Poland — 0.1%          
Grupa Azoty SA(a)   17,221    93,467 
           
Qatar — 0.0%          
Baladna(a)   206,692    69,220 
           
Russia — 0.0%          
PhosAgro PJSC(a)(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 — 2.9%          
Al Jouf Agricultural Development Co.   5,118    60,362 
Almarai Co. JSC   90,881    1,351,769 
National Agriculture Development Co. (The)(a)   54,383    330,568 
SABIC Agri-Nutrients Co.   84,880    3,115,215 
Saudi Fisheries Co.(a)   6,809    43,560 
Tanmiah Food Co.   2,109    55,037 
         4,956,511 
Singapore — 1.5%          
First Resources Ltd.   201,600    209,621 
Golden Agri-Resources Ltd.   2,347,000    464,944 
Wilmar International Ltd.   700,200    1,899,581 
         2,574,146 
South Africa — 0.1%          
Astral Foods Ltd.   14,234    120,698 
Oceana Group Ltd.   34,169    123,218 
         243,916 
South Korea — 0.2%          
Harim Holdings Co. Ltd.   15,548    85,336 
Hyundai Feed Inc.(a)   26,238    107,294 
KG Chemical Corp.   12,528    66,994 
Namhae Chemical Corp.   4,427    24,530 
         284,154 
Sweden — 0.6%          
Husqvarna AB, Class B   126,818    968,360 
           
Switzerland — 3.6%          
Bunge Global SA   54,818    6,022,854 
           
Taiwan — 0.6%          
Charoen Pokphand Enterprise   64,800    198,968 
Sinon Corp.   125,000    151,562 
Taiwan Fertilizer Co. Ltd.   232,000    472,943 
Taiwan TEA Corp.(a)   160,000    107,813 
         931,286 
Thailand — 0.6%          
Betagro PCL, NVS(b)   211,200    142,758 
Security  Shares   Value 
         
Thailand (continued)          
Charoen Pokphand Foods PCL, NVDR(b)   1,408,100   $795,810 
GFPT PCL, NVDR   151,300    46,486 
Khon Kaen Sugar Industry PCL, NVDR   722,154    54,620 
         1,039,674 
Turkey — 0.2%          
Hektas Ticaret TAS(a)   409,775    316,464 
Kayseri Seker Fabrikasi A/S, NVS   16,623    23,292 
         339,756 
United Kingdom — 1.7%          
CNH Industrial NV   181,725    1,931,724 
Cranswick PLC   19,642    954,154 
         2,885,878 
United States — 55.8%          
AGCO Corp.   23,161    2,629,468 
Alamo Group Inc.   3,918    719,737 
Archer-Daniels-Midland Co.   195,083    14,383,470 
Cal-Maine Foods Inc.   15,273    731,882 
CF Industries Holdings Inc.   70,212    5,276,432 
Corteva Inc.   258,277    11,674,120 
Darling Ingredients Inc.(a)   58,037    2,546,083 
Deere & Co.   99,561    36,281,024 
FMC Corp.   45,319    2,431,817 
Fresh Del Monte Produce Inc.   13,822    315,142 
Ingredion Inc.   24,068    2,466,729 
Lamb Weston Holdings Inc.   52,809    5,282,484 
Lindsay Corp.   4,019    479,507 
Mosaic Co. (The)   120,914    4,339,603 
Pilgrim’s Pride Corp.(a)   17,023    435,108 
Scotts Miracle-Gro Co. (The)   15,326    853,045 
Titan International Inc.(a)   19,552    255,545 
Toro Co. (The)   37,788    3,136,404 
Vital Farms Inc.(a)   10,124    134,852 
         94,372,452 
           
Total Long-Term Investments — 99.7%          
(Cost: $215,368,734)        168,659,396 
           
Short-Term Securities          
           
Money Market Funds — 0.7%          
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.54%(f)(g)(h)   1,153,990    1,154,567 
           
Total Short-Term Securities — 0.7%          
(Cost: $1,154,311)        1,154,567 
           
Total Investments — 100.4%          
(Cost: $216,523,045)        169,813,963 
           
Liabilities in Excess of Other Assets — (0.4)%        (626,557)
           
Net Assets — 100.0%       $169,187,406 

 

(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.

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Schedule of Investments (unaudited) (continued) iShares® MSCI Agriculture Producers ETF
November 30, 2023  

 

(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 November 30, 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
11/30/23		   Shares
Held at
11/30/23		   Income   Capital
Gain
Distributions
from
Underlying
Funds		 
BlackRock Cash Funds: Institutional, SL Agency Shares  $2,802,115   $—   $(1,647,823)(a)  $256   $19   $1,154,567    1,153,990   $8,767(b)  $— 
BlackRock Cash Funds: Treasury, SL Agency Shares(c)    —    —    0(a)   —    —    —    —    877    — 
                  $256   $19   $1,154,567        $9,644   $— 

 

(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   10   12/15/23  $479   $17,999 

 

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  $121,665,669   $46,993,724   $3   $168,659,396 

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Schedule of Investments (unaudited) (continued) iShares® MSCI Agriculture Producers ETF
November 30, 2023  

 

Fair Value Hierarchy as of Period End (continued)

 

   Level 1   Level 2   Level 3   Total 
Short-Term Securities                    
Money Market Funds  $1,154,567   $—   $—   $1,154,567 
   $122,820,236   $46,993,724   $3   $169,813,963 
Derivative Financial Instruments(a)                    
Assets                    
Equity Contracts  $—   $17,999   $—   $17,999 

 

(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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