NPORT-EX 2 NPORT_0BHU_31852548_1123.htm

 

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

 

Security  Shares   Value 
         
Common Stocks          
           
Air Freight & Logistics — 3.1%          
Oesterreichische Post AG   50,268   $1,722,320 
           
Banks — 31.5%          
BAWAG Group AG(a)   47,113    2,457,457 
Erste Group Bank AG   310,265    12,547,562 
Raiffeisen Bank International AG   140,415    2,341,300 
         17,346,319 
Chemicals — 2.2%          
Lenzing AG(b)(c)   32,484    1,235,792 
           
Commercial Services & Supplies — 2.9%          
DO & CO AG(c)   11,705    1,605,353 
           
Construction & Engineering — 1.4%          
Porr AG   59,091    773,771 
           
Construction Materials — 4.6%          
Wienerberger AG   88,122    2,514,214 
           
Electric Utilities — 14.0%          
EVN AG   55,588    1,633,704 
Verbund AG   63,466    6,045,885 
         7,679,589 
Electronic Equipment, Instruments & Components — 2.2%          
AT&S Austria Technologie & Systemtechnik AG(c)   44,740    1,200,062 
           
Energy Equipment & Services — 1.8%          
Schoeller-Bleckmann Oilfield Equipment AG   21,710    980,891 
Insurance — 5.9%          
UNIQA Insurance Group AG   191,521    1,578,637 
Vienna Insurance Group AG Wiener Versicherung Gruppe   58,635    1,677,420 
         3,256,057 
Machinery — 7.1%          
ANDRITZ AG   44,918    2,437,016 
Palfinger AG   37,804    976,772 
Semperit AG Holding   33,489    515,443 
         3,929,231 
Security  Shares   Value 
         
Metals & Mining — 4.4%          
voestalpine AG   85,144   $2,393,352 
           
Oil, Gas & Consumable Fuels — 10.7%          
OMV AG   138,183    5,900,241 
           
Real Estate Management & Development — 6.0%          
CA Immobilien Anlagen AG   60,435    1,971,211 
Immofinanz AG(b)   63,052    1,301,456 
         3,272,667 
Total Long-Term Investments — 97.8%          
(Cost: $61,566,075)        53,809,859 
           
Short-Term Securities          
           
Money Market Funds — 6.0%          
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.54%(d)(e)(f)   3,265,913    3,267,546 
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.34%(d)(e)   20,000    20,000 
           
Total Short-Term Securities — 6.0%          
(Cost: $3,287,053)        3,287,546 
           
Total Investments — 103.8%          
(Cost: $64,853,128)        57,097,405 
           
Liabilities in Excess of Other Assets — (3.8)%        (2,079,184)
           
Net Assets — 100.0%       $55,018,221 

 

(a) 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.

(b) Non-income producing security.

(c) All or a portion of this security is on loan.

(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  $1,813,009   $1,453,759(a)  $—   $304   $474   $3,267,546    3,265,913   $28,708(b)  $— 
BlackRock Cash Funds: Treasury, SL Agency Shares   20,000    0(a)   —    —    —    20,000    20,000    182    — 
                  $304   $474   $3,287,546        $28,890   $— 

 

(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.

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Schedule of Investments (unaudited) (continued) iShares® MSCI Austria ETF
November 30, 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                  
Euro STOXX 50 Index   25   12/15/23  $1,198   $33,590 

 

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  $4,990,292   $48,819,567   $—   $53,809,859 
Short-Term Securities                    
Money Market Funds   3,287,546    —    —    3,287,546 
   $8,277,838   $48,819,567   $—   $57,097,405 
Derivative Financial Instruments(a)                    
Assets                    
Equity Contracts  $—   $33,590   $—   $33,590 

 

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

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