Schedule of Investments (unaudited) May 31, 2020 | iShares® MSCI Ireland ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
Common Stocks | ||||||||
| Airlines — 5.0% | ||||||||
Ryanair Holdings PLC, ADR(a) | 34,954 | $ | 2,508,649 | |||||
|
| |||||||
| Banks — 6.6% | ||||||||
AIB Group PLC(a) | 1,233,230 | 1,370,411 | ||||||
Bank of Ireland Group PLC(a) | 998,861 | 1,796,620 | ||||||
Permanent TSB Group Holdings PLC(a) | 211,449 | 108,430 | ||||||
|
| |||||||
| 3,275,461 | ||||||||
| Building Products — 4.7% | ||||||||
Kingspan Group PLC | 38,003 | 2,348,244 | ||||||
|
| |||||||
| Construction Materials — 19.2% | ||||||||
CRH PLC | 294,368 | 9,593,995 | ||||||
|
| |||||||
| Containers & Packaging — 5.1% | ||||||||
Ardagh Group SA | 33,933 | 408,554 | ||||||
Smurfit Kappa Group PLC | 66,333 | 2,158,963 | ||||||
|
| |||||||
| 2,567,517 | ||||||||
| Equity Real Estate Investment Trusts (REITs) — 5.2% | ||||||||
Hibernia REIT PLC | 1,178,205 | 1,425,906 | ||||||
Irish Residential Properties REIT PLC | 806,333 | 1,174,971 | ||||||
|
| |||||||
| 2,600,877 | ||||||||
| Food & Staples Retailing — 1.5% | ||||||||
Total Produce PLC | 600,446 | 758,741 | ||||||
|
| |||||||
| Food Products — 19.6% | ||||||||
Glanbia PLC | 197,794 | 2,159,458 | ||||||
Kerry Group PLC, Class A | 55,517 | 6,873,254 | ||||||
Origin Enterprises PLC | 235,863 | 729,367 | ||||||
|
| |||||||
| 9,762,079 | ||||||||
| Health Care Providers & Services — 1.7% | ||||||||
Uniphar PLC(a) | 397,163 | 848,225 | ||||||
|
| |||||||
| Hotels, Restaurants & Leisure — 14.1% | ||||||||
Dalata Hotel Group PLC | 336,709 | 1,217,249 | ||||||
Flutter Entertainment PLC(a) | 45,391 | 5,821,573 | ||||||
|
| |||||||
| 7,038,822 | ||||||||
| Household Durables — 4.6% | ||||||||
Cairn Homes PLC(a) | 1,310,730 | 1,320,939 | ||||||
Glenveagh Properties PLC(a)(b) | 1,346,776 | 979,748 | ||||||
|
| |||||||
| 2,300,687 | ||||||||
| Insurance — 0.7% | ||||||||
FBD Holdings PLC(a) | 44,283 | 338,896 | ||||||
|
| |||||||
| Security | Shares | Value | ||||||
| Life Sciences Tools & Services — 4.4% | ||||||||
ICON PLC(a) | 13,115 | $ | 2,209,222 | |||||
|
| |||||||
| Marine — 2.2% | ||||||||
Irish Continental Group PLC | 289,685 | 1,111,697 | ||||||
|
| |||||||
| Professional Services — 0.1% | ||||||||
CPL Resources PLC | 7,927 | 57,314 | ||||||
|
| |||||||
| Software — 0.1% | ||||||||
Datalex PLC(a)(c) | 38,823 | 26,423 | ||||||
|
| |||||||
| Specialty Retail — 1.1% | ||||||||
Applegreen PLC | 131,791 | 551,207 | ||||||
|
| |||||||
| Trading Companies & Distributors — 3.6% | ||||||||
Fly Leasing Ltd., ADR(a) | 10,535 | 87,230 | ||||||
Grafton Group PLC | 223,469 | 1,726,717 | ||||||
|
| |||||||
| 1,813,947 | ||||||||
|
| |||||||
Total Common Stocks — 99.5% | 49,712,003 | |||||||
|
| |||||||
Short-Term Investments | ||||||||
| Money Market Funds — 0.0% | ||||||||
BlackRock Cash Funds: Treasury, | 20,000 | 20,000 | ||||||
|
| |||||||
Total Short-Term Investments — 0.0% | 20,000 | |||||||
|
| |||||||
Total Investments in Securities — 99.5% | 49,732,003 | |||||||
Other Assets, Less Liabilities — 0.5% | 227,278 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 49,959,281 | ||||||
|
| |||||||
| (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) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
| (d) | Affiliate of the Fund. |
| (e) | Annualized 7-day yield as of period-end. |
Affiliates
Investments in issuers considered to be affiliates of the Fund during the period ended May 31, 2020, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliated Issuer | | Shares Held at 08/31/19 | | Net Activity | | Shares Held at 05/31/20 | | | Value at 05/31/20 | | Income | | Net Realized Gain (Loss) | (a) | | Change in Unrealized Appreciation (Depreciation) | | |||||||||||
BlackRock Cash Funds: Treasury, | 26,000 | (6,000 | ) | 20,000 | $ | 20,000 | $ | 266 | $ | — | $ | — | ||||||||||||||||
|
|
|
|
|
|
|
|
| (a) | Includes realized capital gain distributions from an affiliated fund, if any. |
1
Schedule of Investments (unaudited) (continued) May 31, 2020 | iShares® MSCI Ireland ETF |
Futures Contracts
| Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value/ Unrealized Appreciation (Depreciation) | ||||||||||||
Long Contracts | ||||||||||||||||
Euro STOXX 50 Index | 10 | 06/19/20 | $ | 339 | $ | 13,748 | ||||||||||
|
| |||||||||||||||
Fair Value Measurements
Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.
The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of May 31, 2020. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | $ | 49,685,580 | $ | — | $ | 26,423 | $ | 49,712,003 | ||||||||
Money Market Funds | 20,000 | — | — | 20,000 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
| $ | 49,705,580 | $ | — | $ | 26,423 | $ | 49,732,003 | |||||||||
|
|
|
|
|
|
|
| |||||||||
Derivative financial instruments(a) | ||||||||||||||||
Assets | ||||||||||||||||
Futures Contracts | $ | 13,748 | $ | — | $ | — | $ | 13,748 | ||||||||
|
|
|
|
|
|
|
| |||||||||
| (a) | Shown at the unrealized appreciation (depreciation) on the contracts. |
| Portfolio Abbreviations — Equity | ||
| ADR | American Depositary Receipt | |
2