NPORT-EX 2 NPORT_0BIE_60364886_1123.htm

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

 

Security  Shares   Value 
Common Stocks          
Automobile Components — 0.5%          
Cheng Shin Rubber Industry Co. Ltd.   12,584,670   $18,954,605 
Banks — 11.5%          
Chang Hwa Commercial Bank Ltd.   35,630,700    20,294,373 
CTBC Financial Holding Co. Ltd.   73,577,325    64,398,095 
E.Sun Financial Holding Co. Ltd.(a)   60,123,952    49,238,366 
First Financial Holding Co. Ltd.   49,066,076    43,477,115 
Hua Nan Financial Holdings Co. Ltd.(a)   44,770,387    31,869,118 
Mega Financial Holding Co. Ltd.(a)   47,477,665    60,007,807 
Shanghai Commercial & Savings Bank Ltd. (The)   20,068,218    28,927,396 
SinoPac Financial Holdings Co. Ltd.   55,810,250    33,742,389 
Taishin Financial Holding Co. Ltd.   57,644,619    33,761,178 
Taiwan Business Bank   21,258,104    9,189,656 
Taiwan Cooperative Financial Holding Co. Ltd.(a)   47,142,829    40,606,684 
         415,512,177 
Biotechnology — 0.3%          
PharmaEssentia Corp.(a)(b)   805,000    9,378,399 
Broadline Retail — 0.1%          
momo.com Inc(a)   313,180    5,189,387 
Chemicals — 3.3%          
Formosa Chemicals & Fibre Corp.(a)   15,234,610    31,245,448 
Formosa Plastics Corp.(a)   16,471,518    42,570,097 
Nan Ya Plastics Corp.(a)   20,200,938    43,990,310 
         117,805,855 
Communications Equipment — 1.3%          
Accton Technology Corp.(a)   2,769,000    47,111,515 
Construction Materials — 1.3%          
Asia Cement Corp.(a)   14,051,136    18,744,322 
Taiwan Cement Corp.(a)   26,620,645    29,725,741 
         48,470,063 
Consumer Staples Distribution & Retail — 0.7%          
President Chain Store Corp.   2,980,215    25,688,905 
Diversified Telecommunication Services — 1.6%          
Chunghwa Telecom Co. Ltd.   15,294,648    58,473,219 
Electrical Equipment — 0.8%          
Voltronic Power Technology Corp.   277,000    14,233,167 
Walsin Lihwa Corp.(a)   10,974,178    13,682,001 
Ya Hsin Industrial Co. Ltd.(c)   6,845,461    2 
         27,915,170 
Electronic Equipment, Instruments & Components — 12.7%
AUO Corp.(a)   35,159,664    18,451,457 
Delta Electronics Inc.(a)   7,698,180    77,861,722 
E Ink Holdings Inc.   3,704,000    21,626,573 
Hon Hai Precision Industry Co. Ltd.  45,733,296    148,545,312 
Innolux Corp.   40,133,399    16,216,070 
Largan Precision Co. Ltd.(a)   424,794    32,455,519 
Nan Ya Printed Circuit Board Corp.(a)   1,585,000    12,574,043 
Pacific Electric Wire & Cable Co. Ltd.(c)   197     
Synnex Technology International Corp.   9,137,364    20,105,372 
Unimicron Technology Corp.(a)   5,850,000    33,166,650 
WPG Holdings Ltd.   12,233,604    30,376,662 
Yageo Corp.(a)   1,726,767    33,194,898 
Zhen Ding Technology Holding Ltd.(a)   4,535,072    15,036,941 
         459,611,219 
Financial Services — 2.2%          
Chailease Holding Co. Ltd.(a)   6,515,790    38,715,256 

 

Security  Shares   Value 
Financial Services (continued)          
Yuanta Financial Holding Co. Ltd.   47,769,490   $39,745,488 
         78,460,744 
Food Products — 1.3%          
Uni-President Enterprises Corp.   20,141,189    47,016,543 
Household Durables — 0.4%          
Nien Made Enterprise Co. Ltd.   1,327,000    14,433,670 
Industrial Conglomerates — 0.5%          
Far Eastern New Century Corp.(a)   20,153,843    19,735,729 
Insurance — 4.8%          
Cathay Financial Holding Co. Ltd.(a)   36,533,798    54,374,309 
China Development Financial Holding Corp.(a)(b)   74,950,587    30,462,356 
Fubon Financial Holding Co. Ltd.(a)   32,106,414    66,167,744 
Shin Kong Financial Holding Co. Ltd.(a)(b)   81,929,273    23,609,606 
         174,614,015 
Machinery — 0.8%          
Airtac International Group   785,826    27,293,759 
Marine Transportation — 0.8%          
Evergreen Marine Corp. Taiwan Ltd.   4,515,013    16,195,371 
Wan Hai Lines Ltd.   3,063,000    4,581,450 
Yang Ming Marine Transport Corp.(a)   6,955,000    9,357,936 
         30,134,757 
Metals & Mining — 1.2%          
China Steel Corp.(a)   50,971,977    42,690,019 
Oil, Gas & Consumable Fuels — 0.5%          
Formosa Petrochemical Corp.(a)   6,923,950    18,801,871 
Passenger Airlines — 0.5%          
China Airlines Ltd.(a)   11,687,000    7,898,545 
Eva Airways Corp.(a)   10,022,000    10,041,801 
         17,940,346 
Real Estate Management & Development — 0.4%
Ruentex Development Co. Ltd.   11,625,969    13,321,934 
Semiconductors & Semiconductor Equipment — 36.9%
Alchip Technologies Ltd.   213,279    21,232,320 
ASE Technology Holding Co. Ltd.   13,371,432    54,603,874 
eMemory Technology Inc.(a)   275,000    22,051,414 
Global Unichip Corp.(a)   229,000    12,058,446 
Globalwafers Co. Ltd.   1,193,000    22,254,172 
MediaTek Inc.   5,562,175    167,974,880 
Nanya Technology Corp.   8,189,000    19,624,936 
Novatek Microelectronics Corp.(a)   2,657,544    43,409,560 
Parade Technologies Ltd.(a)   309,000    10,618,871 
Powerchip Semiconductor Manufacturing Corp.(a)   11,332,000    10,910,604 
Realtek Semiconductor Corp.(a)   2,282,063    32,813,702 
Silergy Corp.(a)   1,517,000    20,690,988 
Taiwan Semiconductor Manufacturing Co. Ltd.   43,500,882    795,723,311 
United Microelectronics Corp.(a)   44,845,501    70,127,629 
Vanguard International Semiconductor Corp.(a)   5,390,000    13,739,630 
Winbond Electronics Corp.(a)   22,551,737    20,453,000 
        1,338,287,337 
Specialty Retail — 0.9%          
Hotai Motor Co. Ltd.   1,482,500    33,608,039 
Technology Hardware, Storage & Peripherals — 10.8%
Acer Inc.(a)   19,910,737    22,460,343 
Advantech Co. Ltd.   2,327,021    26,289,188 
Asustek Computer Inc.(a)   3,294,857    41,543,539 

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

 

Security  Shares   Value 
Technology Hardware, Storage & Peripherals (continued)
Catcher Technology Co. Ltd.   3,719,743   $23,142,510 
Compal Electronics Inc.(a)   26,375,554    26,090,948 
Gigabyte Technology Co. Ltd.(a)   1,247,000    9,932,211 
Inventec Corp.(a)   18,012,868    24,418,027 
Lite-On Technology Corp.(a)   10,384,071    36,502,606 
Micro-Star International Co. Ltd.(a)   4,348,000    25,526,144 
Pegatron Corp.   10,174,037    26,425,137 
Quanta Computer Inc.(a)   11,187,240    72,416,713 
Wistron Corp.(a)   7,702,000    22,439,903 
Wiwynn Corp.(a)   583,000    32,710,636 
         389,897,905 
Textiles, Apparel & Luxury Goods — 1.7%          
Eclat Textile Co. Ltd.   1,272,601    24,197,504 
Feng TAY Enterprise Co. Ltd.(a)   3,413,916    20,084,575 
Pou Chen Corp.   16,831,103    16,618,289 
         60,900,368 
Transportation Infrastructure — 0.4%          
Taiwan High Speed Rail Corp.   16,377,000    15,769,655 
Wireless Telecommunication Services — 1.4%          
Far EasTone Telecommunications Co. Ltd.(a)   9,504,259    25,210,653 
Taiwan Mobile Co. Ltd.   8,446,609    26,569,199 
         51,779,852 
Total Long-Term Investments — 99.6%          
(Cost: $1,471,037,925)        3,608,797,057 

 

Security  Shares   Value 
Short-Term Securities          
Money Market Funds — 12.2%          

BlackRock Cash Funds: Institutional, SL Agency Shares, 5.54%(d)(e)(f)

   435,485,556   $435,703,299 

BlackRock Cash Funds: Treasury, SL Agency Shares, 5.34%(d)(e)

   5,380,000    5,380,000 
Total Short-Term Securities — 12.2%          
(Cost: $440,972,986)        441,083,299 
Total Investments — 111.8%          
(Cost: $1,912,010,911)        4,049,880,356 
Liabilities in Excess of Other Assets — (11.8)%        (427,615,624)
Net Assets — 100.0%       $3,622,264,732 

 

(a)   All or a portion of this security is on loan.
(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 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  $460,864,976   $   $(25,244,370)(a)  $5,659   $77,034   $435,703,299    435,485,556   $1,676,196(b)   $ 
BlackRock Cash Funds: Treasury, SL Agency Shares   4,050,000    1,330,000(a)               5,380,000    5,380,000    26,508     
                  $5,659   $77,034   $441,083,299        $1,702,704   $ 

 

(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

 

Futures Contracts

 

Description  Number of
Contracts
   Expiration
Date
  Notional
Amount
(000)
   Value/
Unrealized
Appreciation
(Depreciation)
 
Long Contracts                  
FTSE Taiwan Index   215   12/28/23  $12,866   $100,046 

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Schedule of Investments (unaudited) (continued) iShares® MSCI Taiwan ETF
November 30, 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  $   $3,608,797,055   $2   $3,608,797,057 
Short-Term Securities                    
Money Market Funds   441,083,299            441,083,299 
   $441,083,299   $3,608,797,055   $2   $4,049,880,356 
Derivative Financial Instruments(a)                    
Assets                    
Equity Contracts  $   $100,046   $   $100,046 

 

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

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