NPORT-EX 2 NPORT_0BI6_65138648_0524.htm

 

Schedule of Investments (unaudited) iShares® MSCI Netherlands ETF
May 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Common Stocks          
           
Air Freight & Logistics — 1.1%          
InPost SA(a)   145,066   $2,614,651 
PostNL NV   378,026    546,915 
         3,161,566 
Banks — 8.4%          
ABN AMRO Bank NV, CVA(b)   206,096    3,525,482 
ING Groep NV   1,094,467    19,553,041 
         23,078,523 
Beverages — 7.1%          
Coca-Cola Europacific Partners PLC   76,337    5,626,800 
Heineken Holding NV   51,116    4,195,241 
Heineken NV   95,460    9,578,272 
         19,400,313 
Biotechnology — 0.3%          
Pharming Group NV(a)(c)   789,710    707,220 
           
Broadline Retail — 6.3%          
Prosus NV   473,751    17,200,288 
           
Capital Markets — 1.4%          
Allfunds Group PLC   255,518    1,535,870 
Flow Traders Ltd., NVS   38,333    821,702 
Van Lanschot Kempen NV   35,452    1,456,937 
         3,814,509 
Chemicals — 5.6%          
Akzo Nobel NV   64,455    4,521,044 
Corbion NV   64,243    1,433,001 
DSM-Firmenich AG   64,139    7,424,285 
OCI NV   69,157    1,896,702 
         15,275,032 
Construction & Engineering — 1.4%          
Fugro NV   91,362    2,451,356 
Royal BAM Group NV   334,253    1,405,025 
         3,856,381 
Consumer Staples Distribution & Retail — 3.7%          
Koninklijke Ahold Delhaize NV   315,847    9,795,369 
Sligro Food Group NV(c)   26,040    390,719 
         10,186,088 
Diversified Telecommunication Services — 1.7%          
Koninklijke KPN NV   1,280,105    4,799,504 
           
Electrical Equipment — 1.7%          
Alfen NV(a)(b)(c)   24,078    956,784 
Signify NV(b)   76,324    2,085,547 
TKH Group NV   37,276    1,740,780 
         4,783,111 
Energy Equipment & Services — 0.7%          
SBM Offshore NV   120,318    1,862,387 
           
Entertainment — 3.1%          
Universal Music Group NV   277,328    8,642,555 
           
Financial Services — 5.0%          
Adyen NV(a)(b)   7,063    9,159,179 
EXOR NV, NVS   39,580    4,444,858 
         13,604,037 
Food Products — 0.6%          
JDE Peet’s NV   70,827    1,558,154 
           
Health Care Equipment & Supplies — 3.1%          
Koninklijke Philips NV(a)   307,142    8,389,538 
Security  Shares   Value 
         
Hotels, Restaurants & Leisure — 1.0%          
Basic-Fit NV(a)(b)(c)   51,730   $1,274,246 
Just Eat Takeaway.com NV(a)(b)   119,711    1,584,349 
         2,858,595 
Insurance — 4.6%          
Aegon Ltd.   647,770    4,201,607 
ASR Nederland NV   69,370    3,357,396 
NN Group NV   105,951    4,943,577 
         12,502,580 
Machinery — 1.0%          
Aalberts NV   55,545    2,657,713 
           
Metals & Mining — 0.3%          
AMG Critical Materials NV   36,339    812,430 
           
Oil, Gas & Consumable Fuels — 0.7%          
Koninklijke Vopak NV   49,972    2,054,253 
           
Professional Services — 6.5%          
Arcadis NV   40,721    2,672,126 
Brunel International NV   23,807    285,875 
Randstad NV   50,714    2,680,327 
Wolters Kluwer NV   77,395    12,343,677 
         17,982,005 
Retail REITs — 0.8%          
Eurocommercial Properties NV   50,632    1,269,940 
Vastned Retail NV   14,558    388,585 
Wereldhave NV   41,306    630,997 
         2,289,522 
Semiconductors & Semiconductor Equipment — 29.1%          
ASM International NV   15,853    11,155,909 
ASML Holding NV   66,759    63,873,013 
BE Semiconductor Industries NV   31,913    4,747,627 
         79,776,549 
Software — 0.2%          
TomTom NV(a)(c)   85,673    533,283 
           
Specialty Retail — 0.1%          
Fastned BV(a)(c)   7,845    192,030 
           
Trading Companies & Distributors — 4.1%          
AerCap Holdings NV   81,177    7,525,920 
IMCD NV   23,640    3,607,584 
         11,133,504 
           
Total Long-Term Investments — 99.6%          
(Cost: $280,133,504)        273,111,670 
         
Short-Term Securities          
           
Money Market Funds — 1.4%          
BlackRock Cash Funds: Institutional, SL Agency Shares,
5.49%(d)(e)(f)		   3,517,019    3,518,074 
BlackRock Cash Funds: Treasury, SL Agency Shares,
5.28%(d)(e)		   350,000    350,000 
           
Total Short-Term Securities — 1.4%          
(Cost: $3,868,567)        3,868,074 
           
Total Investments — 101.0%          
(Cost: $284,002,071)        276,979,744 
           
Liabilities in Excess of Other Assets — (1.0)%        (2,736,887)
           
Net Assets — 100.0%       $274,242,857 

 

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Schedule of Investments (unaudited) (continued) iShares® MSCI Netherlands ETF
May 31, 2024  

 

(a)Non-income producing security.

(b)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.

(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 May 31, 2024 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 Sales		   Net Realized
Gain (Loss)		   Change in
Unrealized
Appreciation
(Depreciation)		   Value at
05/31/24		   Shares
Held at
05/31/24		   Income   Capital
Gain
Distributions
from
Underlying
Funds		 
BlackRock Cash Funds: Institutional, SL Agency Shares  $11,023,471   $—   $(7,505,639)(a)  $734   $(492)  $3,518,074    3,517,019   $24,835(b)  $       — 
BlackRock Cash Funds: Treasury, SL Agency Shares   160,000    190,000(a)   —    —    —    350,000    350,000    5,111    — 
                  $734   $(492)  $3,868,074        $29,946   $— 

 

(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   19   06/21/24  $1,035   $(1,755)

 

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.

 

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Schedule of Investments (unaudited) (continued) iShares® MSCI Netherlands ETF
May 31, 2024  

 

Fair Value Hierarchy as of Period End (continued)

 

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  $13,541,305   $259,570,365   $—   $273,111,670 
Short-Term Securities                    
Money Market Funds   3,868,074    —    —    3,868,074 
   $17,409,379   $259,570,365   $—   $276,979,744 
Derivative Financial Instruments(a)                    
Liabilities                    
Equity Contracts  $—   $(1,755)  $—   $(1,755)

 

(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

 

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