0001752724-24-165651.txt : 20240726 0001752724-24-165651.hdr.sgml : 20240726 20240726113849 ACCESSION NUMBER: 0001752724-24-165651 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240531 FILED AS OF DATE: 20240726 DATE AS OF CHANGE: 20240726 PERIOD START: 20240831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iShares, Inc. CENTRAL INDEX KEY: 0000930667 ORGANIZATION NAME: IRS NUMBER: 510396525 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-09102 FILM NUMBER: 241144732 BUSINESS ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: (415) 670-2000 MAIL ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: iSHARES INC DATE OF NAME CHANGE: 20070126 FORMER COMPANY: FORMER CONFORMED NAME: ISHARES INC DATE OF NAME CHANGE: 20000516 FORMER COMPANY: FORMER CONFORMED NAME: WEBS INDEX FUND INC DATE OF NAME CHANGE: 19970211 0000930667 S000004259 iShares MSCI Sweden ETF C000011963 iShares MSCI Sweden ETF EWD NPORT-P 1 primary_doc.xml NPORT-P false 0000930667 XXXXXXXX S000004259 C000011963 iShares, Inc. 811-09102 0000930667 549300MGJZCNMJLBAJ67 400 HOWARD STREET SAN FRANCISCO 94105 800-474-2737 iShares MSCI Sweden ETF S000004259 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Long EC CORP SE N 2 N N N Standard Chartered Bank RILFO74KP1CM8P6PCT96 PURCHASED USD / SOLD EUR 000000000 1.00000000 NC 36107.48000000 0.009725840773 N/A DFE US N 2 Standard Chartered Bank RILFO74KP1CM8P6PCT96 2875342.00000000 EUR 3158113.20000000 USD 2024-06-20 36107.48000000 N N N Holmen AB 52990080SH3454F0QE68 Holmen AB 000000000 50673.00000000 NS 2122074.16000000 0.571597779483 Long EC CORP SE N 2 N N N Investor AB 549300VEBQPHRZBKUX38 Investor AB 000000000 1148244.00000000 NS 31158012.90000000 8.392661916569 Long EC CORP SE N 2 N N N Svenska Handelsbanken AB NHBDILHZTYCNBV5UYZ31 Svenska Handelsbanken AB 000000000 968439.00000000 NS 9113605.32000000 2.454823051049 Long EC CORP SE N 2 N N N Beijer Ref AB 549300PZZEUVH08H4G75 Beijer Ref AB 000000000 255118.00000000 NS 4176223.52000000 1.124899466595 Long EC CORP SE N 2 N N N 2024-06-28 iShares, Inc. Chuck Pulsfort Chuck Pulsfort Assistant Treasurer XXXX NPORT-EX 2 NPORT_0BIB_19287306_0524.htm

 

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

 

Security  Shares   Value 
         
Common Stocks          
           
Aerospace & Defense — 1.4%          
Saab AB   209,090   $5,075,184 
           
Automobiles — 0.4%          
Volvo Car AB(a)(b)   486,140    1,637,222 
           
Banks — 9.5%          
Skandinaviska Enskilda Banken AB, Class A   1,035,658    14,754,795 
Svenska Handelsbanken AB, Class A   951,931    8,958,255 
Swedbank AB, Class A   554,095    11,536,997 
         35,250,047 
Biotechnology — 0.9%          
Swedish Orphan Biovitrum AB(a)   127,198    3,413,235 
           
Building Products — 6.5%          
Assa Abloy AB, Class B   654,140    19,223,240 
Nibe Industrier AB, Class B   989,074    5,070,967 
         24,294,207 
Capital Markets — 2.0%          
EQT AB   243,771    7,467,127 
           
Commercial Services & Supplies — 0.9%          
Securitas AB, Class B   320,974    3,303,231 
           
Communications Equipment — 3.0%          
Telefonaktiebolaget LM Ericsson, Class B   1,810,527    11,155,669 
           
Construction & Engineering — 1.1%          
Skanska AB, Class B   222,065    3,922,321 
           
Diversified Telecommunication Services — 1.1% 
Telia Co. AB   1,539,753    4,006,384 
           
Electronic Equipment, Instruments & Components — 4.0% 
Hexagon AB, Class B   1,355,001    14,925,197 
           
Financial Services — 10.7%          
Industrivarden AB, Class A   80,506    2,865,963 
Industrivarden AB, Class C   102,734    3,608,719 
Investor AB, Class B   1,129,616    30,652,535 
L E Lundbergforetagen AB, Class B   50,453    2,566,896 
         39,694,113 
Health Care Equipment & Supplies — 0.7%          
Getinge AB, Class B   149,283    2,671,140 
           
Hotels, Restaurants & Leisure — 3.5%          
Evolution AB(c)   120,046    12,949,486 
           
Household Products — 2.8%          
Essity AB, Class B   397,656    10,216,718 
           
Industrial Conglomerates — 1.8%          
Investment AB Latour, Class B   96,630    2,705,022 
Lifco AB, Class B   152,137    4,043,118 
         6,748,140 
Machinery — 36.9%          
Alfa Laval AB   188,828    8,775,519 
Atlas Copco AB, Class A   1,753,033    33,770,884 
Atlas Copco AB, Class B   1,018,691    16,912,914 
Security  Shares   Value 
         
Machinery (continued)          
Epiroc AB   430,099   $9,027,814 
Epiroc AB, Class B   254,512    4,780,265 
Husqvarna AB, Class B   228,826    1,905,435 
Indutrade AB   178,329    4,626,308 
Sandvik AB   695,864    15,364,819 
SKF AB, Class B   222,453    4,887,347 
Trelleborg AB, Class B   140,510    5,460,743 
Volvo AB, Class A   130,687    3,551,622 
Volvo AB, Class B   1,036,699    27,902,639 
         136,966,309 
Metals & Mining — 1.7%          
Boliden AB   178,505    6,257,171 
           
Paper & Forest Products — 2.2%          
Holmen AB, Class B   49,746    2,083,253 
Svenska Cellulosa AB SCA, Class B   395,508    6,069,059 
         8,152,312 
Real Estate Management & Development — 1.8% 
Fastighets AB Balder, Class B(a)   430,511    2,914,873 
Sagax AB, Class B   143,368    3,784,742 
         6,699,615 
Specialty Retail — 1.8%          
H & M Hennes & Mauritz AB, Class B   374,691    6,625,363 
           
Trading Companies & Distributors — 1.0%          
Beijer Ref AB, Class B   235,504    3,855,147 
           
Wireless Telecommunication Services — 0.9% 
Tele2 AB, Class B   350,168    3,424,595 
           
Total Long-Term Investments — 96.6%          
(Cost: $380,566,798)        358,709,933 
           
Short-Term Securities          
           
Money Market Funds — 0.5%          
BlackRock Cash Funds: Institutional, SL Agency Shares,
5.49%(d)(e)(f)		   1,564,923    1,565,393 
BlackRock Cash Funds: Treasury, SL Agency Shares,
5.28%(d)(e)		   140,000    140,000 
           
Total Short-Term Securities — 0.5%          
(Cost: $1,705,393)        1,705,393 
           
Total Investments — 97.1%          
(Cost: $382,272,191)        360,415,326 
           
Other Assets Less Liabilities — 2.9%        10,802,425 
           
Net Assets — 100.0%       $371,217,751 

 

(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.

 

1

 

 

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

 

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  $5,098,214   $—   $(3,532,657)(a) $(149)  $(15)  $1,565,393    1,564,923   $4,571(b)   $— 
BlackRock Cash Funds: Treasury, SL Agency Shares   6,320,000    —    (6,180,000)(a)  —    —    140,000    140,000    133,185    — 
                  $(149)  $(15)  $1,705,393        $137,756   $— 

 

(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                  
OMX Stockholm 30 Index   484   06/20/24  $12,078   $(48,263)

 

Forward Foreign Currency Exchange Contracts

 

Currency Purchased  Currency Sold  Counterparty  Settlement Date  Unrealized
Appreciation
(Depreciation)		 
SEK  3,868,147  USD   353,193   Standard Chartered Bank  06/20/24  $14,653 
USD  3,158,113  EUR   2,875,342   Standard Chartered Bank  06/20/24   36,108 
USD  328,017  SEK   3,447,162   Standard Chartered Bank  06/20/24   204 
                     50,965 
EUR  299,197  USD   325,025   Standard Chartered Bank  06/20/24   (161)
SEK  32,338,263  USD   3,175,213   Standard Chartered Bank  06/20/24   (99,962)
USD  354,435  EUR   330,835   Standard Chartered Bank  06/20/24   (4,780)
                     (104,903)
                    $(53,938)

 

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).

 

2

 

 

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

 

Fair Value Hierarchy as of Period End (continued)

 

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  $3,413,235   $355,296,698   $—   $358,709,933 
Short-Term Securities                    
Money Market Funds   1,705,393    —    —    1,705,393 
   $5,118,628   $355,296,698   $—   $360,415,326 
Derivative Financial Instruments(a)                    
Assets                    
Foreign Currency Exchange Contracts  $—   $50,965   $—   $50,965 
Liabilities                    
Equity Contracts   —    (48,263)   —    (48,263)
Foreign Currency Exchange Contracts   —    (104,903)   —    (104,903)
   $—   $(102,201)  $—   $(102,201)

 

(a)Derivative financial instruments are futures contracts and forward foreign currency exchange contracts. Futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

3