Schedule of Investments (unaudited) November 30, 2020 | iShares® MSCI Poland ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks | ||||||||
Banks — 20.2% | ||||||||
Alior Bank SA(a)(b) | 162,240 | $ | 719,648 | |||||
Bank Handlowy w Warszawie SA(a) | 207,557 | 1,882,854 | ||||||
Bank Millennium SA(a)(b) | 3,481,592 | 2,599,118 | ||||||
Bank Polska Kasa Opieki SA(a) | 633,067 | 9,583,837 | ||||||
mBank SA(a) | 78,911 | 3,187,600 | ||||||
Powszechna Kasa Oszczednosci Bank Polski SA(a) | 3,349,999 | 23,596,578 | ||||||
Santander Bank Polska SA(a) | 175,238 | 8,135,382 | ||||||
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49,705,017 | ||||||||
Capital Markets — 0.8% | ||||||||
Warsaw Stock Exchange(b) | 170,078 | 1,951,268 | ||||||
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Chemicals — 1.4% | ||||||||
Ciech SA(a) | 189,213 | 1,501,891 | ||||||
Grupa Azoty SA(a)(b) | 279,266 | 1,870,218 | ||||||
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3,372,109 | ||||||||
Construction & Engineering — 1.9% | ||||||||
Budimex SA(b) | 62,242 | 4,558,546 | ||||||
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Consumer Finance — 1.4% | ||||||||
KRUK SA(a) | 94,189 | 3,553,448 | ||||||
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Diversified Telecommunication Services — 2.2% | ||||||||
Orange Polska SA(a) | 3,257,988 | 5,502,418 | ||||||
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Electric Utilities — 5.0% | ||||||||
Enea SA(a)(b) | 1,322,031 | 1,918,850 | ||||||
Energa SA(a)(b) | 300,501 | 596,512 | ||||||
PGE Polska Grupa Energetyczna SA(a) | 4,160,373 | 6,398,183 | ||||||
Tauron Polska Energia SA(a)(b) | 5,846,476 | 3,328,810 | ||||||
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12,242,355 | ||||||||
Entertainment — 12.7% | ||||||||
CD Projekt SA(a)(b) | 262,613 | 27,291,293 | ||||||
PlayWay SA | 6,178 | 914,832 | ||||||
TEN Square Games SA | 20,349 | 3,089,269 | ||||||
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31,295,394 | ||||||||
Food & Staples Retailing — 5.0% | ||||||||
Dino Polska SA(a)(c) | 154,668 | 10,407,489 | ||||||
Eurocash SA(a)(b) | 508,431 | 1,937,139 | ||||||
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12,344,628 | ||||||||
Health Care Equipment & Supplies — 0.5% | ||||||||
Mercator Medical SA(a) | 9,099 | 1,238,124 | ||||||
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Health Care Providers & Services — 1.0% | ||||||||
Neuca SA(b) | 14,580 | 2,423,517 | ||||||
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Hotels, Restaurants & Leisure — 1.2% | ||||||||
AmRest Holdings SE(a)(b) | 460,457 | 3,003,782 | ||||||
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Insurance — 6.1% | ||||||||
Powszechny Zaklad Ubezpieczen SA(a) | 2,220,807 | 14,884,384 | ||||||
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Internet & Direct Marketing Retail — 7.9% | ||||||||
Allegro.eu SA(a)(c) | 948,674 | 19,507,552 | ||||||
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Security | Shares | Value | ||||||
Machinery — 0.2% | ||||||||
Famur SA(a)(b) | 902,565 | $ | 397,822 | |||||
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Media — 3.9% | ||||||||
Cyfrowy Polsat SA | 1,341,561 | 9,557,011 | ||||||
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Metals & Mining — 9.5% | ||||||||
Jastrzebska Spolka Weglowa SA(a)(b) | 366,706 | 2,394,156 | ||||||
KGHM Polska Miedz SA(a) | 526,943 | 20,948,374 | ||||||
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23,342,530 | ||||||||
Oil, Gas & Consumable Fuels — 10.8% | ||||||||
Grupa Lotos SA | 475,426 | 4,397,817 | ||||||
Polski Koncern Naftowy ORLEN SA | 811,120 | 11,976,356 | ||||||
Polskie Gornictwo Naftowe i Gazownictwo SA | 8,030,084 | 10,247,570 | ||||||
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26,621,743 | ||||||||
Software — 2.1% | ||||||||
Asseco Poland SA(b) | 296,987 | 5,253,532 | ||||||
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Textiles, Apparel & Luxury Goods — 5.9% | ||||||||
CCC SA(a)(b) | 212,820 | 3,543,214 | ||||||
LPP SA(a) | 5,988 | 10,975,870 | ||||||
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14,519,084 | ||||||||
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Total Common Stocks — 99.7% | 245,274,264 | |||||||
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Short-Term Investments | ||||||||
Money Market Funds — 8.4% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.19%(d)(e)(f) | 18,786,560 | 18,797,832 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.04%(d)(e) | 1,990,000 | 1,990,000 | ||||||
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20,787,832 | ||||||||
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Total Short-Term Investments — 8.4% |
| 20,787,832 | ||||||
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Total Investments in Securities — 108.1% |
| 266,062,096 | ||||||
Other Assets, Less Liabilities — (8.1)% |
| (19,987,401 | ) | |||||
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Net Assets — 100.0% | $ | 246,074,695 | ||||||
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(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 cash collateral received from loaned securities. |
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Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® MSCI Poland ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
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Affiliated Issuer | Value at 08/31/20 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 11/30/20 | Shares Held at 11/30/20 | Income |
Capital Gain | |||||||||||||||||||||||||||
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BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 5,967,786 | $ | 12,834,368 | (a) | $ | — | $ | (1,466 | ) | $ | (2,856 | ) | $ | 18,797,832 | 18,786,560 | $ | 47,324 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 1,381,000 | 609,000 | (a) | — | — | — | 1,990,000 | 1,990,000 | 334 | — | ||||||||||||||||||||||||||
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$ | (1,466 | ) | $ | (2,856 | ) | $ | 20,787,832 | $ | 47,658 | $ | — | |||||||||||||||||||||||||
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(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. |
Futures Contracts
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Description | Number of Contracts | Expiration Date | Notional Amount (000) |
Value/ | ||||||||||||
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Long Contracts | ||||||||||||||||
MSCI Emerging Markets E-Mini Index | 14 | 12/18/20 | $ | 842 | $ | 71,485 | ||||||||||
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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 November 30, 2020. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.
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Level 1 | Level 2 | Level 3 | Total | |||||||||||||
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Investments | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | $ | 245,274,264 | $ | — | $ | — | $ | 245,274,264 | ||||||||
Money Market Funds | 20,787,832 | — | — | 20,787,832 | ||||||||||||
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$ | 266,062,096 | $ | — | $ | — | $ | 266,062,096 | |||||||||
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Derivative financial instruments(a) | ||||||||||||||||
Assets | ||||||||||||||||
Futures Contracts | $ | 71,485 | $ | — | $ | — | $ | 71,485 | ||||||||
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(a) | Shown at the unrealized appreciation (depreciation) on the contracts. |
2 |