NPORT-EX 2 NPORT_0BG5_60025350_1123.htm

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

 

Security  Shares   Value 
Common Stocks          
Air Freight & Logistics — 0.1%          
JWD Infologistics PCL, NVDR(a)   653,100   $267,531 
Automobile Components — 0.3%          
Sri Trang Agro-Industry PCL, NVDR   1,807,245    786,416 
Banks — 5.3%          
Kasikornbank PCL, NVDR   1,070,700    3,895,645 
Kiatnakin Phatra Bank PCL, NVDR   381,673    518,514 
Krung Thai Bank PCL, NVDR   6,316,400    3,269,566 
SCB X PCL, NVS   1,521,600    4,294,554 
Thanachart Capital PCL, NVDR   474,500    647,405 
TMBThanachart Bank PCL, NVDR(a)   43,897,900    1,921,866 
         14,547,550 
Beverages — 1.1%          
Carabao Group PCL, NVDR   633,100    1,468,880 
Osotspa PCL, NVDR(a)   2,444,600    1,589,082 
         3,057,962 
Broadline Retail — 1.3%          
Central Retail Corp. PCL, NVDR(a)   3,270,634    3,512,055 
Building Products — 0.1%          
Dynasty Ceramic PCL, NVDR(a)   7,538,640    336,456 
Capital Markets — 0.4%          
Bangkok Commercial Asset Management PCL, NVDR   3,202,600    751,973 
Beyond Securities PC, NVDR(a)(b)   3,205,100    421,416 
         1,173,389 
Chemicals — 2.7%          
Eastern Polymer Group PCL, NVDR   1,508,900    304,661 
Indorama Ventures PCL, NVDR   3,045,610    2,121,509 
PTT Global Chemical PCL, NVDR   4,075,007    4,469,269 
TOA Paint Thailand PCL, NVDR   1,101,400    664,649 
         7,560,088 
Construction & Engineering — 0.8%          
CH Karnchang PCL, NVDR(a)   1,994,500    1,186,189 
PSG Corp. PCL, NVS(a)(b)   23,684,100    444,973 
Sino-Thai Engineering & Construction PCL, NVDR(a)   1,948,728    496,224 
         2,127,386 
Construction Materials — 4.7%          
Siam Cement PCL (The), NVDR   1,409,600    11,504,445 
Siam City Cement PCL, NVDR   161,100    602,221 
Tipco Asphalt PCL, NVDR   1,153,500    541,049 
TPI Polene PCL, NVDR   10,242,900    401,578 
         13,049,293 
Consumer Finance — 3.3%          
AEON Thana Sinsap Thailand PCL, NVDR(a)   157,800    711,243 
JMT Network Services PCL, NVDR(a)   1,191,600    881,464 
Krungthai Card PCL, NVDR   1,864,700    2,479,142 
Muangthai Capital PCL, NVDR   1,341,900    1,669,702 
Ngern Tid Lor PCL, NVDR(a)   2,286,800    1,488,799 
Ratchthani Leasing PCL, NVDR   3,573,927    276,577 
Srisawad Corp. PCL, NVDR   1,241,760    1,562,579 
         9,069,506 
Consumer Staples Distribution & Retail — 7.2%          
Berli Jucker PCL, NVDR(a)   1,812,400    1,352,842 
CP ALL PCL, NVDR   10,551,900    15,601,498 
CP Axtra PCL(a)   3,825,500    2,936,896 
         19,891,236 
Containers & Packaging — 0.9%          
SCG Packaging PCL, NVDR   2,328,500    2,555,589 

 

Security  Shares   Value 
Diversified Consumer Services — 0.1%          
SISB PCL(a)   429,000   $383,891 
Diversified Telecommunication Services — 1.4%          
Jasmine International PCL, NVDR(a)(b)   7,043,568    465,135 
Thaicom PCL, NVDR(a)   988,100    346,254 
True Corp. PCL   18,739,048    2,989,684 
         3,801,073 
Electronic Equipment, Instruments & Components — 6.3%
Delta Electronics Thailand PCL, NVDR(a)   5,635,600    12,478,222 
Ditto Thailand PCL, NVDR(a)   293,560    210,788 
Forth Corp. PCL, NVDR(a)   434,100    249,656 
Hana Microelectronics PCL, NVDR   1,019,200    1,298,077 
Jay Mart PCL, NVDR(a)   1,177,800    593,280 
KCE Electronics PCL, NVDR   1,496,200    2,234,856 
Nex Point Parts PCL, NVDR(a)(b)   1,465,900    433,940 
         17,498,819 
Entertainment — 0.3%          
Major Cineplex Group PCL, NVDR(a)   1,048,500    453,189 
RS PCL, NVDR(a)   982,320    377,176 
         830,365 
Food Products — 3.7%          
Betagro PCL, NVS(a)   1,220,600    825,048 
Charoen Pokphand Foods PCL, NVDR(a)   7,004,900    3,958,933 
GFPT PCL, NVDR(a)   781,200    240,019 
Ichitan Group PCL, NVDR   1,190,100    483,570 
I-TAIL Corp. PCL, NVS   1,351,500    803,541 
Khon Kaen Sugar Industry PCL, NVDR(a)   4,295,678    324,904 
R&B Food Supply PCL, NVDR(a)   919,300    344,514 
Sappe PCL(a)   197,100    413,478 
Srinanaporn Marketing PCL, NVDR(a)   860,800    401,718 
Thai Union Group PCL, NVDR   5,149,600    2,150,879 
Thai Vegetable Oil PCL, NVDR(a)   721,688    432,879 
         10,379,483 
Ground Transportation — 1.1%          
BTS Group Holdings PCL, NVDR(a)   14,283,300    2,948,049 
Health Care Equipment & Supplies — 0.1%          
Sri Trang Gloves Thailand PCL, NVDR(a)   1,808,100    313,842 
Health Care Providers & Services — 9.2%          
Bangkok Chain Hospital PCL, NVDR   2,255,525    1,373,227 
Bangkok Dusit Medical Services PCL, NVDR   20,103,500    15,012,376 
Bumrungrad Hospital PCL, NVDR   1,077,476    6,829,609 
Chularat Hospital PCL, NVDR   8,917,700    714,029 
Ramkhamhaeng Hospital PCL, NVDR   541,600    511,924 
Thonburi Healthcare Group PCL, NVDR(a)   615,300    1,075,715 
         25,516,880 
Hotels, Restaurants & Leisure — 3.1%          
Asset World Corp. PCL, NVDR(a)   14,470,400    1,523,781 
Central Plaza Hotel PCL, NVDR(a)(b)   858,400    1,031,292 
Erawan Group PCL (The), NVDR(b)   4,530,800    676,579 
Minor International PCL, NVDR(a)   6,068,710    4,705,949 
MK Restaurants Group PCL, NVDR(a)   498,100    562,895 
         8,500,496 
Independent Power and Renewable Electricity Producers — 7.2%
B Grimm Power PCL, NVDR(a)   1,650,700    1,185,724 
Banpu Power PCL, NVDR   1,110,300    461,102 
BCPG PCL, NVDR(a)   2,124,350    537,900 
CK Power PCL, NVDR   3,664,660    327,498 
Electricity Generating PCL, NVDR(a)   428,500    1,572,367 
Energy Absolute PCL, NVDR(a)   3,034,100    3,842,821 

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

 

Security  Shares   Value 
Independent Power and Renewable Electricity Producers (continued)
Global Power Synergy PCL, NVDR   1,274,900   $1,650,814 
Gulf Energy Development PCL, NVDR   5,301,500    6,935,294 
Gunkul Engineering PCL, NVDR   7,236,522    535,422 
Ratch Group PCL, NVDR(a)   1,966,700    1,817,775 
SPCG PCL, NVDR   852,400    295,772 
Super Energy Corp. PCL, NVDR(b)   27,560,350    344,725 
TPI Polene Power PCL, NVDR(a)   4,543,900    428,846 
         19,936,060 
Insurance — 0.5%          
Bangkok Life Assurance PCL, NVDR   1,076,700    604,053 
Dhipaya Group Holdings PCL, NVDR(a)   541,400    455,008 
TQM Corp. PCL, NVDR(a)   387,600    305,761 
         1,364,822 
Marine Transportation — 0.3%          
Precious Shipping PCL, NVDR(a)   1,556,200    373,361 
Regional Container Lines PCL, NVDR(a)   672,400    370,826 
         744,187 
Media — 0.5%          
BEC World PCL, NVDR(a)   1,442,500    215,408 
Plan B Media PCL, NVDR   3,470,860    824,657 
VGI PCL, NVDR(a)   7,156,150    405,261 
         1,445,326 
Oil, Gas & Consumable Fuels — 14.4%          
Bangchak Corp. PCL, NVDR   1,867,200    2,307,122 
Banpu PCL, NVDR   14,742,900    3,124,636 
Esso Thailand PCL, NVDR(a)   1,260,800    301,065 
IRPC PCL, NVDR(a)   18,555,900    1,043,998 
Prima Marine PCL, NVDR(a)   1,803,100    261,713 
PTT Exploration & Production PCL, NVDR   2,511,084    10,779,317 
PTT Public Company Ltd., NVDR   18,066,000    17,846,414 
Siamgas & Petrochemicals PCL, NVDR   991,700    242,389 
Star Petroleum Refining PCL, NVDR(a)   3,127,300    727,505 
Thai Oil PCL, NVDR   2,221,100    3,246,243 
         39,880,402 
Passenger Airlines — 0.4%          
Asia Aviation PCL, NVDR(a)(b)   8,940,647    485,592 
Bangkok Airways PCL, NVDR   1,325,300    535,584 
         1,021,176 
Pharmaceuticals — 0.3%          
Mega Lifesciences PCL, NVDR   628,500    709,973 
Real Estate Management & Development — 7.2%          
Amata Corp. PCL, NVDR   1,447,300    1,029,177 
AP Thailand PCL, NVDR(a)   3,984,886    1,224,170 
Bangkok Land PCL, NVDR(b)   20,363,600    405,217 
Central Pattana PCL, NVDR   3,650,100    7,037,112 
Land & Houses PCL, NVDR   15,121,600    3,311,389 
MBK PCL, NVDR   1,597,100    695,365 
Origin Property PCL, NVDR(a)   1,353,600    337,009 
Pruksa Holding PCL, NVDR(a)   998,200    346,428 
Quality Houses PCL, NVDR   13,509,332    829,590 
Sansiri PCL, NVDR(a)   23,889,037    1,135,577 
SC Asset Corp. PCL, NVDR(a)   2,767,704    242,604 
Supalai PCL, NVDR   2,299,300    1,151,376 
WHA Corp. PCL, NVDR   14,864,840    2,116,260 
         19,861,274 

 

Security  Shares   Value 
Specialty Retail — 3.4%          
Aurora Design PCL, NVDR(a)   738,000   $302,507 
Com7 PCL, NVDR(a)   1,953,800    1,272,906 
Dohome PCL, NVDR(a)   1,961,341    686,282 
Home Product Center PCL, NVDR   10,697,973    3,589,217 
PTG Energy PCL, NVDR   1,816,400    433,801 
PTT Oil & Retail Business PCL, NVDR   5,423,500    3,069,425 
         9,354,138 
Transportation Infrastructure — 6.0%          
Airports of Thailand PCL, NVDR(a)(b)   7,744,900    13,099,109 
Bangkok Aviation Fuel Services PCL, NVDR(a)   469,400    325,654 
Bangkok Expressway & Metro PCL, NVDR   13,816,153    3,063,085 
         16,487,848 
Water Utilities — 0.3%          
TTW PCL, NVDR(a)   2,517,466    633,466 
WHA Utilities and Power PCL, NVDR(a)   2,044,300    235,942 
         869,408 
Wireless Telecommunication Services — 5.9%          
Advanced Info Service PCL, NVDR   2,076,319    12,879,122 
Intouch Holdings PCL, NVDR   1,739,000    3,452,461 
         16,331,583 
Total Common Stocks — 99.9%          
(Cost: $390,428,423)        276,113,552 
           
Rights          
IT Services — 0.0%          
SCC Rates (Expires 12/11/23, Strike Price THB 11.50)   175,329    — 
Total Rights — 0.0%          
(Cost: $—)        — 
Total Long-Term Investments — 99.9%          
(Cost: $390,428,423)        276,113,552 
           
Short-Term Securities          
Money Market Funds — 10.8%          
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.54%(c)(d)(e)   29,284,444    29,299,086 
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.34%(c)(d)   580,000    580,000 
Total Short-Term Securities — 10.8%          
(Cost: $29,869,646)        29,879,086 
Total Investments — 110.7%          
(Cost: $420,298,069)        305,992,638 
Liabilities in Excess of Other Assets — (10.7)%        (29,460,747)
Net Assets — 100.0%       $276,531,891 

 

(a)   All or a portion of this security is on loan.
(b)   Non-income producing security.
(c)   Affiliate of the Fund.
(d)   Annualized 7-day yield as of period end.
(e)  All or a portion of this security was purchased with the cash collateral from loaned securities.

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

 

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  $17,594,784   $11,701,011(a)   $—   $665   $2,626   $29,299,086    29,284,444   $518,405(b)   $— 
BlackRock Cash Funds: Treasury, SL Agency Shares   900,000    —    (320,000)(a)   —    —    580,000   580,000    8,122    — 
                  $665   $2,626   $29,879,086        $526,527   $— 

 

(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   7   12/15/23  $345   $17,125

 

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  $5,521,800   $270,591,752   $—   $276,113,552 
Rights   —    —    —    — 
Short-Term Securities                    
Money Market Funds   29,879,086    —    —    29,879,086 
   $35,400,886   $270,591,752   $—   $305,992,638 

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

 

Fair Value Hierarchy as of Period End (continued)

 

   Level 1   Level 2   Level 3   Total 
Derivative Financial Instruments(a)                    
Assets                    
Equity Contracts  $17,125   $—   $—   $17,125 

 

(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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