NPORT-EX 2 NPORT_0BHY_22529611_1123.htm

 

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

 

Security  Shares   Value 
         
Common Stocks          
           
Austria — 0.6%          
Erste Group Bank AG   429,867   $17,384,438 
OMV AG   184,929    7,896,237 
Verbund AG   85,401    8,135,453 
voestalpine AG   147,994    4,160,032 
         37,576,160 
Belgium — 2.9%          
Ageas SA/NV   201,673    8,685,580 
Anheuser-Busch InBev SA/NV   1,085,723    68,327,751 
Argenx SE(a)   73,794    32,915,208 
D’ieteren Group   27,238    4,654,426 
Elia Group SA/NV   37,099    4,020,797 
Groupe Bruxelles Lambert NV   109,944    8,725,469 
KBC Group NV   312,962    17,941,347 
Lotus Bakeries   510    4,429,980 
Sofina SA(b)   19,543    4,355,573 
Solvay SA   92,410    10,704,775 
UCB SA   158,271    11,705,681 
Umicore SA   264,211    7,060,630 
Warehouses De Pauw CVA   208,562    5,860,876 
         189,388,093 
Finland — 3.2%          
Elisa OYJ   179,209    8,013,438 
Fortum OYJ   563,141    7,909,825 
Kesko OYJ, Class B   343,417    6,568,599 
Kone OYJ, Class B   424,980    18,918,220 
Metso OYJ   836,042    8,235,669 
Neste OYJ   529,025    20,157,284 
Nokia OYJ.   6,687,847    23,456,679 
Nordea Bank Abp, New   3,999,208    44,872,168 
Orion OYJ, Class B   136,543    5,416,942 
Sampo OYJ, Class A   563,883    24,660,402 
Stora Enso OYJ, Class R   728,662    9,467,932 
UPM-Kymmene OYJ   667,347    23,346,754 
Wartsila OYJ Abp   591,915    8,179,658 
         209,203,570 
France — 35.2%          
Accor SA   248,156    8,628,265 
Aeroports de Paris   43,264    5,334,562 
Air Liquide SA   654,625    124,103,930 
Airbus SE   741,092    110,135,789 
Alstom SA   358,419    4,441,198 
Amundi SA(c)   77,007    4,746,840 
ArcelorMittal SA   639,686    16,082,389 
Arkema SA   75,536    7,686,347 
AXA SA   2,253,366    70,260,835 
BioMerieux   52,149    5,617,055 
BNP Paribas SA   1,311,514    82,450,974 
Bollore SE   929,771    5,319,138 
Bouygues SA   238,933    9,091,831 
Bureau Veritas SA   369,963    8,957,134 
Capgemini SE   195,137    39,995,159 
Carrefour SA   719,456    13,640,715 
Cie. de Saint-Gobain   569,304    37,116,300 
Cie. Generale des Etablissements Michelin SCA   848,111    28,518,873 
Covivio   64,416    3,148,231 
Credit Agricole SA   1,334,594    17,490,649 
Danone SA   804,875    51,755,777 
Dassault Aviation SA   26,087    5,181,077 
Dassault Systemes SE   834,786    39,151,941 
Edenred   309,538    16,859,636 
Security  Shares   Value 
         
France (continued)          
Eiffage SA   92,282   $9,355,611 
Engie SA   2,283,031    39,617,677 
EssilorLuxottica SA   368,637    70,390,211 
Eurazeo SE   54,993    4,132,474 
Eurofins Scientific SE   168,167    9,783,003 
Euronext NV(c)   108,379    8,996,749 
Gecina SA   58,005    6,422,676 
Getlink SE   449,744    8,218,234 
Hermes International   39,560    81,988,629 
Ipsen SA   47,730    5,381,355 
Kering SA   93,120    40,057,375 
Klepierre SA   269,895    6,794,108 
La Francaise des Jeux SAEM(c)   133,368    4,826,068 
Legrand SA   331,107    31,934,929 
L’Oreal SA   301,568    141,704,138 
LVMH Moet Hennessy Louis Vuitton SE   344,905    263,948,698 
Orange SA   2,327,303    28,674,490 
Pernod Ricard SA   255,679    44,171,202 
Publicis Groupe SA   286,258    24,190,759 
Remy Cointreau SA   28,687    3,409,650 
Renault SA   240,921    9,467,908 
Safran SA   427,396    75,147,838 
Sanofi   1,420,279    132,462,222 
Sartorius Stedim Biotech   34,750    7,835,899 
Schneider Electric SE   680,310    125,212,864 
SEB SA   31,689    3,612,785 
Societe Generale SA   922,675    23,220,574 
Sodexo SA   110,748    11,867,942 
Teleperformance   73,686    10,340,718 
Thales SA   130,660    19,524,213 
TotalEnergies SE   2,862,449    195,102,367 
Unibail-Rodamco-Westfield, New(a)   148,196    9,442,628 
Veolia Environnement SA   849,632    26,785,054 
Vinci SA   634,142    77,582,913 
Vivendi SE   849,176    8,037,396 
Wendel SE   990    83,833 
Worldline SA/France(a)(c)   301,993    4,693,477 
         2,290,133,312 
Germany — 24.0%          
adidas AG   202,625    42,416,212 
Allianz SE, Registered   504,241    126,787,222 
BASF SE   1,114,835    51,859,253 
Bayer AG, Registered   1,227,917    42,030,467 
Bayerische Motoren Werke AG   398,317    41,561,333 
Bechtle AG   103,266    5,121,166 
Beiersdorf AG   126,095    17,675,338 
Brenntag SE   173,685    15,026,013 
Carl Zeiss Meditec AG, Bearer   50,961    4,576,165 
Commerzbank AG   1,316,771    16,119,379 
Continental AG   137,859    10,698,817 
Covestro AG(a)(c)   241,578    12,703,666 
Daimler Truck Holding AG   668,158    21,699,062 
Delivery Hero SE(a)(c)   220,682    6,995,320 
Deutsche Bank AG, Registered   2,422,774    30,183,674 
Deutsche Boerse AG   237,639    45,177,196 
Deutsche Lufthansa AG, Registered(a)   755,515    6,572,246 
Deutsche Post AG, Registered   1,239,173    58,227,559 
Deutsche Telekom AG, Registered   4,051,309    97,102,829 
E.ON SE   2,806,339    36,477,000 
Evonik Industries AG   291,036    5,442,537 
Fresenius Medical Care AG & Co. KGaA   254,838    10,465,343 
Fresenius SE & Co. KGaA   528,054    16,768,276 

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

  

Security  Shares   Value 
         
Germany (continued)          
GEA Group AG   204,493   $7,524,104 
Hannover Rueck SE   75,581    18,038,435 
HeidelbergCement AG   174,421    14,237,927 
HelloFresh SE(a)(b)   194,854    2,987,858 
Henkel AG & Co. KGaA   129,326    9,036,337 
Infineon Technologies AG   1,632,411    62,985,852 
Knorr-Bremse AG   91,280    5,727,147 
LEG Immobilien SE(a)   92,754    7,107,603 
Mercedes-Benz Group AG   1,002,944    65,210,755 
Merck KGaA   161,621    28,310,144 
MTU Aero Engines AG   67,328    13,797,584 
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered   170,460    72,605,636 
Nemetschek SE   72,656    6,343,047 
Puma SE   132,573    8,562,297 
Rational AG   6,550    4,200,662 
Rheinmetall AG   54,498    16,430,108 
RWE AG   790,295    33,875,369 
SAP SE   1,304,329    207,480,481 
Scout24 SE(c)   94,872    6,610,700 
Siemens AG, Registered   949,933    159,572,227 
Siemens Healthineers AG(b)(c)   352,513    20,347,562 
Symrise AG, Class A   166,080    18,694,217 
Talanx AG(a)   79,572    5,774,941 
Volkswagen AG   36,747    4,768,526 
Vonovia SE   916,566    25,492,736 
Wacker Chemie AG   23,102    2,827,269 
Zalando SE(a)(c)   282,087    6,725,564 
         1,556,961,161 
Ireland — 1.5%          
AIB Group PLC   1,965,332    9,112,353 
Bank of Ireland Group PLC   1,317,640    12,336,780 
Flutter Entertainment PLC, Class DI(a)   220,947    34,477,011 
Kerry Group PLC, Class A   199,432    16,141,766 
Kingspan Group PLC   193,457    15,373,037 
Smurfit Kappa Group PLC   325,155    12,353,332 
         99,794,279 
Italy — 7.8%          
Amplifon SpA   158,304    4,920,425 
Assicurazioni Generali SpA   1,266,881    26,236,709 
Banco BPM SpA   1,514,071    8,362,292 
DiaSorin SpA(b)   28,600    2,710,686 
Enel SpA   10,165,770    71,839,875 
Eni SpA   2,953,697    48,979,658 
Ferrari NV   157,695    56,829,738 
FinecoBank Banca Fineco SpA   763,269    10,299,814 
Infrastrutture Wireless Italiane SpA(c)   426,652    5,275,889 
Intesa Sanpaolo SpA   19,423,569    55,990,312 
Leonardo SpA   343,033    5,253,620 
Mediobanca Banca di Credito Finanziario SpA   692,801    8,132,585 
Moncler SpA   257,599    14,274,499 
Nexi SpA(a)(c)   748,353    5,837,923 
Poste Italiane SpA(c)   656,114    7,071,500 
Prysmian SpA   325,795    12,567,096 
Recordati Industria Chimica e Farmaceutica SpA   131,811    6,348,092 
Snam SpA   2,532,178    12,758,870 
Stellantis NV   2,765,243    60,100,878 
Telecom Italia SpA/Milano(a)(b)   12,446,062    3,611,776 
Tenaris SA, NVS   592,918    10,229,485 
Terna - Rete Elettrica Nazionale   1,764,099    14,213,556 
Security  Shares   Value 
         
Italy (continued)          
UniCredit SpA   2,006,274   $54,720,741 
         506,566,019 
Netherlands — 13.5%          
ABN AMRO Bank NV, CVA(c)   594,647    7,991,667 
Adyen NV(a)(c)   27,140    31,733,602 
Aegon NV   2,028,239    11,137,007 
AerCap Holdings NV(a)   250,367    17,080,037 
Akzo Nobel NV   213,376    16,425,157 
ASM International NV   58,741    30,170,141 
ASML Holding NV   503,553    343,184,720 
ASR Nederland NV   200,158    9,227,992 
BE Semiconductor Industries NV   96,568    13,556,901 
Davide Campari-Milano NV   658,825    7,195,903 
EXOR NV, NVS   116,911    11,391,226 
Ferrovial SE   636,539    22,014,252 
Heineken Holding NV   162,187    12,616,600 
Heineken NV   360,094    32,964,120 
IMCD NV   71,416    11,022,133 
ING Groep NV   4,524,020    63,557,878 
JDE Peet’s NV   121,772    3,263,354 
Koninklijke Ahold Delhaize NV   1,200,061    34,753,190 
Koninklijke KPN NV   4,191,057    14,355,764 
Koninklijke Philips NV(a)   985,967    20,233,260 
NN Group NV   338,189    12,906,654 
OCI NV   133,679    2,879,734 
Prosus NV   1,827,103    60,406,092 
QIAGEN NV(a)   285,220    11,704,901 
Randstad NV   139,008    8,270,308 
Universal Music Group NV   1,024,100    27,057,751 
Wolters Kluwer NV   310,417    42,757,710 
         879,858,054 
Portugal — 0.6%          
EDP - Energias de Portugal SA   3,922,210    18,758,081 
Galp Energia SGPS SA   567,358    8,430,322 
Jeronimo Martins SGPS SA   356,438    8,819,516 
         36,007,919 
Spain — 7.9%          
Acciona SA   31,308    4,419,036 
ACS Actividades de Construccion y Servicios SA   260,589    10,416,350 
Aena SME SA(c)   93,968    16,160,300 
Amadeus IT Group SA   563,279    38,672,903 
Banco Bilbao Vizcaya Argentaria SA   7,456,203    69,411,760 
Banco Santander SA   20,227,955    83,849,524 
CaixaBank SA   5,157,299    23,229,405 
Cellnex Telecom SA(c)   706,512    26,973,605 
Corp. ACCIONA Energias Renovables SA   88,905    2,639,714 
EDP Renovaveis SA   385,663    7,043,833 
Enagas SA   213,004    3,898,408 
Endesa SA   400,846    8,384,548 
Grifols SA(a)   376,236    5,326,162 
Iberdrola SA   7,535,427    93,130,281 
Industria de Diseno Textil SA   1,363,410    56,261,148 
Naturgy Energy Group SA   161,838    4,828,951 
Redeia Corp. SA   392,304    6,575,857 
Repsol SA   1,596,758    24,518,758 
Telefonica SA   6,105,383    26,327,941 
         512,068,484 
Switzerland — 1.1%          
DSM-Firmenich AG   232,442    21,964,292 
Siemens Energy AG(a)   650,569    7,686,400 

2

 

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

  

Security  Shares   Value 
         
Switzerland (continued)          
STMicroelectronics NV   854,244   $40,550,385 
         70,201,077 
United Kingdom — 0.2%          
Coca-Cola Europacific Partners PLC.   258,287    15,662,524 
           
Total Common Stocks — 98.5%          
(Cost: $7,078,241,416)        6,403,420,652 
         
Preferred Stocks        
         
Germany — 1.3%        
Bayerische Motoren Werke AG, Preference Shares, NVS   74,156    7,046,972 
Dr Ing hc F Porsche AG, Preference Shares, NVS(c)   142,580    13,062,050 
Henkel AG & Co. KGaA, Preference Shares, NVS   211,653    16,650,837 
Porsche Automobil Holding SE, Preference Shares, NVS   191,587    9,368,372 
Sartorius AG, Preference Shares, NVS   32,805    10,586,327 
Volkswagen AG, Preference Shares, NVS   257,957    29,942,209 
         86,656,767 
Total Preferred Stocks — 1.3%          
(Cost: $142,543,080)        86,656,767 
           
Total Long-Term Investments — 99.8%          
(Cost: $7,220,784,496)        6,490,077,419 
Security  Shares   Value 
         
Short-Term Securities          
           
Money Market Funds — 0.5%          
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.54%(d)(e)(f)   6,617,946   $6,621,255 
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.34%(d)(e)   22,380,000    22,380,000 
           
Total Short-Term Securities — 0.5%          
(Cost: $28,999,327)        29,001,255 
           
Total Investments — 100.3%          
(Cost: $7,249,783,823)        6,519,078,674 
           
Liabilities in Excess of Other Assets — (0.3)%    (16,837,934)
           
Net Assets — 100.0%       $6,502,240,740 

 

(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) 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  $52,665,766   $   $(46,049,283)(a)  $3,459   $1,313   $6,621,255    6,617,946   $34,919(b)   $ 
BlackRock Cash Funds: Treasury, SL Agency Shares   24,280,000        (1,900,000)(a)           22,380,000    22,380,000    295,410     
                  $3,459   $1,313   $29,001,255        $330,329   $ 

 

(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                  
Euro STOXX 50 Index   242   12/15/23  $11,594   $480,205 

 

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;

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

 

Fair Value Hierarchy as of Period End (continued)

 

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  $52,061,109   $6,351,359,543   $   $6,403,420,652 
Preferred Stocks       86,656,767        86,656,767 
Short-Term Securities                    
Money Market Funds   29,001,255            29,001,255 
   $81,062,364   $6,438,016,310   $   $6,519,078,674 
Derivative Financial Instruments(a)                    
Assets                    
Equity Contracts  $   $480,205   $   $480,205 

 

(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

4