Schedule of Investments (unaudited) | iShares® MSCI Japan ETF |
May 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks | ||||||||
Air Freight & Logistics — 0.3% | ||||||||
SG Holdings Co. Ltd. | 861,100 | $ | 15,528,417 | |||||
Yamato Holdings Co. Ltd. | 859,800 | 14,869,974 | ||||||
30,398,391 | ||||||||
Airlines — 0.2% | ||||||||
ANA Holdings Inc.(a) | 472,700 | 9,329,346 | ||||||
Japan Airlines Co. Ltd.(a) | 424,700 | 7,784,263 | ||||||
17,113,609 | ||||||||
Auto Components — 2.3% | ||||||||
Aisin Corp. | 439,600 | 14,392,331 | ||||||
Bridgestone Corp. | 1,702,900 | 67,243,379 | ||||||
Denso Corp. | 1,292,000 | 79,183,777 | ||||||
Koito Manufacturing Co. Ltd. | 312,000 | 11,384,184 | ||||||
Sumitomo Electric Industries Ltd. | 2,132,300 | 23,617,195 | ||||||
Toyota Industries Corp. | 437,500 | 28,121,138 | ||||||
223,942,004 | ||||||||
Automobiles — 8.0% | ||||||||
Honda Motor Co. Ltd. | 4,861,200 | 121,044,686 | ||||||
Isuzu Motors Ltd. | 1,739,800 | 20,417,494 | ||||||
Mazda Motor Corp. | 1,698,400 | 14,430,184 | ||||||
Nissan Motor Co. Ltd. | 6,928,300 | 26,930,777 | ||||||
Subaru Corp. | 1,836,200 | 31,874,272 | ||||||
Suzuki Motor Corp. | 1,097,700 | 32,507,895 | ||||||
Toyota Motor Corp. | 31,621,400 | 526,074,710 | ||||||
Yamaha Motor Co. Ltd. | 889,200 | 17,994,419 | ||||||
791,274,437 | ||||||||
Banks — 5.0% | ||||||||
Chiba Bank Ltd. (The) | 1,561,800 | 8,120,091 | ||||||
Concordia Financial Group Ltd. | 3,250,900 | 11,064,313 | ||||||
Japan Post Bank Co. Ltd.(b) | 1,231,500 | 9,487,621 | ||||||
Mitsubishi UFJ Financial Group Inc. | 35,646,680 | 202,794,019 | ||||||
Mizuho Financial Group Inc. | 7,194,058 | 85,560,138 | ||||||
Resona Holdings Inc. | 6,446,200 | 24,234,540 | ||||||
Shizuoka Bank Ltd. (The) | 1,306,600 | 7,681,127 | ||||||
Sumitomo Mitsui Financial Group Inc. | 3,893,700 | 119,417,835 | ||||||
Sumitomo Mitsui Trust Holdings Inc. | 1,007,532 | 30,473,712 | ||||||
498,833,396 | ||||||||
Beverages — 1.1% | ||||||||
Asahi Group Holdings Ltd. | 1,360,900 | 45,599,288 | ||||||
Ito En Ltd. | 160,100 | 6,771,099 | ||||||
Kirin Holdings Co. Ltd. | 2,453,800 | 37,956,549 | ||||||
Suntory Beverage & Food Ltd. | 415,100 | 15,566,374 | ||||||
105,893,310 | ||||||||
Building Products — 1.7% | ||||||||
AGC Inc. | 576,500 | 21,685,418 | ||||||
Daikin Industries Ltd. | 742,400 | 119,382,741 | ||||||
Lixil Corp. | 888,000 | 16,894,626 | ||||||
TOTO Ltd. | 422,600 | 14,233,810 | ||||||
172,196,595 | ||||||||
Capital Markets — 0.9% | ||||||||
Daiwa Securities Group Inc. | 4,060,400 | 19,791,758 | ||||||
Japan Exchange Group Inc. | 1,506,700 | 23,835,603 | ||||||
Nomura Holdings Inc. | 8,687,400 | 34,137,051 | ||||||
SBI Holdings Inc/Japan | 725,010 | 14,707,681 | ||||||
92,472,093 | ||||||||
Chemicals — 3.8% | ||||||||
Asahi Kasei Corp. | 3,742,800 | 30,240,153 |
Security | Shares | Value | ||||||
Chemicals (continued) | ||||||||
JSR Corp. | 539,700 | $ | 17,025,233 | |||||
Mitsubishi Chemical Holdings Corp. | 3,821,400 | 22,767,214 | ||||||
Mitsui Chemicals Inc. | 549,500 | 13,451,998 | ||||||
Nippon Paint Holdings Co. Ltd. | 2,475,900 | 18,299,183 | ||||||
Nippon Sanso Holdings Corp. | 516,000 | 9,672,325 | ||||||
Nissan Chemical Corp. | 383,400 | 21,552,979 | ||||||
Nitto Denko Corp. | 424,600 | 30,757,331 | ||||||
Shin-Etsu Chemical Co. Ltd. | 1,117,400 | 158,106,559 | ||||||
Sumitomo Chemical Co. Ltd. | 4,448,200 | 18,386,914 | ||||||
Toray Industries Inc. | 4,140,200 | 21,372,749 | ||||||
Tosoh Corp. | 770,500 | 11,196,202 | ||||||
372,828,840 | ||||||||
Commercial Services & Supplies — 0.7% | ||||||||
Dai Nippon Printing Co. Ltd. | 662,500 | 15,158,045 | ||||||
Secom Co. Ltd. | 625,600 | 41,198,083 | ||||||
Toppan Inc. | 783,600 | 14,727,015 | ||||||
71,083,143 | ||||||||
Construction & Engineering — 0.5% | ||||||||
Kajima Corp. | 1,324,400 | 14,232,513 | ||||||
Obayashi Corp. | 1,913,600 | 13,548,607 | ||||||
Shimizu Corp. | 1,622,500 | 8,621,534 | ||||||
Taisei Corp. | 569,200 | 16,971,942 | ||||||
53,374,596 | ||||||||
Diversified Financial Services — 0.8% | ||||||||
Mitsubishi HC Capital Inc. | 1,941,800 | 9,272,040 | ||||||
ORIX Corp. | 3,601,300 | 68,465,834 | ||||||
77,737,874 | ||||||||
Diversified Telecommunication Services — 1.1% | ||||||||
Nippon Telegraph & Telephone Corp. | 3,564,300 | 108,897,931 | ||||||
Electric Utilities — 0.6% | ||||||||
Chubu Electric Power Co. Inc. | 1,924,100 | 19,359,480 | ||||||
Kansai Electric Power Co. Inc. (The) | 2,101,600 | 20,540,918 | ||||||
Tokyo Electric Power Co. Holdings Inc.(a) | 4,557,900 | 17,019,505 | ||||||
56,919,903 | ||||||||
Electrical Equipment — 1.7% | ||||||||
Fuji Electric Co. Ltd. | 378,100 | 17,731,594 | ||||||
Mitsubishi Electric Corp. | 5,760,200 | 63,115,037 | ||||||
Nidec Corp. | 1,332,900 | 89,122,753 | ||||||
169,969,384 | ||||||||
Electronic Equipment, Instruments & Components — 7.1% | ||||||||
Azbil Corp. | 365,000 | 10,756,676 | ||||||
Hamamatsu Photonics KK | 418,800 | 19,502,005 | ||||||
Hirose Electric Co. Ltd. | 94,458 | 13,092,539 | ||||||
Hitachi Ltd. | 2,887,200 | 149,806,651 | ||||||
Ibiden Co. Ltd. | 336,100 | 12,183,877 | ||||||
Keyence Corp. | 580,104 | �� | 230,635,556 | |||||
Kyocera Corp. | 956,800 | 53,779,412 | ||||||
Murata Manufacturing Co. Ltd. | 1,713,100 | 110,084,570 | ||||||
Omron Corp. | 553,800 | 31,784,833 | ||||||
Shimadzu Corp. | 706,100 | 25,756,428 | ||||||
TDK Corp. | 1,159,200 | 39,811,439 | ||||||
Yokogawa Electric Corp. | 675,300 | 12,085,473 | ||||||
709,279,459 | ||||||||
Entertainment — 2.5% | ||||||||
Capcom Co. Ltd. | 525,600 | 14,795,566 | ||||||
Koei Tecmo Holdings Co. Ltd. | 174,160 | 6,170,273 | ||||||
Konami Holdings Corp. | 277,600 | 18,785,004 |
1
Schedule of Investments (unaudited) (continued) | iShares® MSCI Japan ETF |
May 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Entertainment (continued) | ||||||||
Nexon Co. Ltd. | 1,474,500 | $ | 36,343,537 | |||||
Nintendo Co. Ltd. | 329,500 | 147,117,925 | ||||||
Square Enix Holdings Co. Ltd. | 254,100 | 12,565,419 | ||||||
Toho Co.Ltd./Tokyo | 329,900 | 13,002,418 | ||||||
248,780,142 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 1.3% | ||||||||
Daiwa House REIT Investment Corp. | 6,576 | 16,247,112 | ||||||
GLP J-Reit | 12,603 | 16,221,293 | ||||||
Japan Metropolitan Fund Invest | 20,851 | 17,651,798 | ||||||
Japan Real Estate Investment Corp. | 3,688 | 18,284,689 | ||||||
Nippon Building Fund Inc. | 4,566 | 24,801,951 | ||||||
Nippon Prologis REIT Inc. | 6,364 | 16,983,126 | ||||||
Nomura Real Estate Master Fund Inc. | 12,529 | 16,344,613 | ||||||
126,534,582 | ||||||||
Food & Staples Retailing — 1.5% | ||||||||
Aeon Co. Ltd. | 1,951,300 | 35,617,193 | ||||||
Kobe Bussan Co. Ltd.(b) | 448,900 | 10,884,282 | ||||||
Seven & i Holdings Co. Ltd. | 2,246,280 | 94,045,042 | ||||||
Welcia Holdings Co. Ltd. | 280,500 | 5,646,276 | ||||||
146,192,793 | ||||||||
Food Products — 1.1% | ||||||||
Ajinomoto Co. Inc. | 1,391,900 | 33,736,063 | ||||||
Kikkoman Corp. | 433,900 | 22,980,241 | ||||||
MEIJI Holdings Co. Ltd. | 341,456 | 16,824,017 | ||||||
Nisshin Seifun Group Inc. | 583,675 | 6,831,234 | ||||||
Nissin Foods Holdings Co. Ltd. | 185,300 | 12,119,139 | ||||||
Yakult Honsha Co. Ltd. | 382,200 | 21,033,030 | ||||||
113,523,724 | ||||||||
Gas Utilities — 0.4% | ||||||||
Osaka Gas Co. Ltd. | 1,119,800 | 20,990,220 | ||||||
Tokyo Gas Co. Ltd. | 1,184,400 | 23,139,228 | ||||||
44,129,448 | ||||||||
Health Care Equipment & Supplies — 3.0% | ||||||||
Asahi Intecc Co. Ltd. | 637,500 | 9,593,369 | ||||||
Hoya Corp. | 1,101,800 | 117,271,851 | ||||||
Olympus Corp. | 3,677,200 | 76,850,647 | ||||||
Sysmex Corp. | 499,700 | 33,450,933 | ||||||
Terumo Corp. | 1,925,500 | 62,160,968 | ||||||
299,327,768 | ||||||||
Health Care Technology — 0.4% | ||||||||
M3 Inc. | 1,315,200 | 37,826,404 | ||||||
Hotels, Restaurants & Leisure — 1.0% | ||||||||
McDonald's Holdings Co. Japan Ltd.(b) | 257,400 | 10,017,617 | ||||||
Oriental Land Co. Ltd./Japan | 596,300 | 88,615,137 | ||||||
98,632,754 | ||||||||
Household Durables — 4.8% | ||||||||
Iida Group Holdings Co. Ltd. | 433,780 | 6,842,965 | ||||||
Panasonic Holdings Corp. | 6,587,815 | 60,446,928 | ||||||
Sekisui Chemical Co. Ltd. | 1,114,100 | 15,936,117 | ||||||
Sekisui House Ltd. | 1,838,800 | 32,671,349 | ||||||
Sharp Corp./Japan(b) | 729,500 | 5,935,942 | ||||||
Sony Group Corp. | 3,759,800 | 352,629,392 | ||||||
474,462,693 | ||||||||
Household Products — 0.4% | ||||||||
Unicharm Corp. | 1,202,800 | 41,269,341 | ||||||
Industrial Conglomerates — 0.5% | ||||||||
Toshiba Corp. | 1,162,000 | 51,955,160 |
Security | Shares | Value | ||||||
Insurance — 3.4% | ||||||||
Dai-ichi Life Holdings Inc. | 2,998,800 | $ | 61,963,337 | |||||
Japan Post Holdings Co. Ltd. | 7,303,900 | 54,550,563 | ||||||
Japan Post Insurance Co. Ltd. | 592,600 | 9,866,740 | ||||||
MS&AD Insurance Group Holdings Inc. | 1,327,040 | 42,221,564 | ||||||
Sompo Holdings Inc. | 933,050 | 42,513,341 | ||||||
T&D Holdings Inc. | 1,582,300 | 18,279,163 | ||||||
Tokio Marine Holdings Inc. | 1,871,600 | 108,895,648 | ||||||
338,290,356 | ||||||||
Interactive Media & Services — 0.3% | ||||||||
Kakaku.com Inc. | 398,900 | 7,861,337 | ||||||
Z Holdings Corp. | 7,902,300 | 26,049,911 | ||||||
33,911,248 | ||||||||
Internet & Direct Marketing Retail — 0.2% | ||||||||
Rakuten Group Inc. | 2,596,500 | 14,515,483 | ||||||
ZOZO Inc. | 368,800 | 7,828,095 | ||||||
22,343,578 | ||||||||
IT Services — 2.6% | ||||||||
Fujitsu Ltd. | 586,300 | 88,034,542 | ||||||
GMO Payment Gateway Inc. | 124,648 | 10,275,304 | ||||||
Itochu Techno-Solutions Corp. | 285,000 | 7,088,859 | ||||||
NEC Corp. | 724,600 | 29,105,655 | ||||||
Nomura Research Institute Ltd. | 1,002,012 | 27,406,453 | ||||||
NTT Data Corp. | 1,882,800 | 29,459,441 | ||||||
Obic Co. Ltd. | 208,100 | 30,659,749 | ||||||
Otsuka Corp. | 335,100 | 10,597,743 | ||||||
SCSK Corp. | 459,100 | 7,653,876 | ||||||
TIS Inc. | 673,000 | 17,549,726 | ||||||
257,831,348 | ||||||||
Leisure Products — 1.0% | ||||||||
Bandai Namco Holdings Inc. | 595,598 | 44,239,335 | ||||||
Shimano Inc. | 219,600 | 38,495,721 | ||||||
Yamaha Corp. | 418,100 | 17,193,215 | ||||||
99,928,271 | ||||||||
Machinery — 4.9% | ||||||||
Daifuku Co. Ltd. | 302,500 | 18,966,601 | ||||||
FANUC Corp. | 572,000 | 93,235,482 | ||||||
Hitachi Construction Machinery Co. Ltd. | 315,700 | 7,394,016 | ||||||
Hoshizaki Corp. | 159,100 | 9,384,489 | ||||||
Komatsu Ltd. | 2,754,500 | 68,484,137 | ||||||
Kubota Corp. | 3,043,000 | 56,161,535 | ||||||
Kurita Water Industries Ltd. | 312,200 | 12,019,504 | ||||||
Makita Corp. | 668,200 | 18,218,372 | ||||||
MINEBEA MITSUMI Inc | 1,073,500 | 19,915,805 | ||||||
MISUMI Group Inc | 840,100 | 18,891,493 | ||||||
Mitsubishi Heavy Industries Ltd. | 955,400 | 36,454,548 | ||||||
NGK Insulators Ltd. | 758,800 | 11,230,229 | ||||||
SMC Corp. | 170,200 | 87,997,694 | ||||||
Yaskawa Electric Corp. | 715,500 | 24,803,274 | ||||||
483,157,179 | ||||||||
Marine — 0.7% | ||||||||
Mitsui OSK Lines Ltd. | 1,025,300 | 27,245,760 | ||||||
Nippon Yusen KK | 481,500 | 39,803,553 | ||||||
67,049,313 | ||||||||
Media — 0.4% | ||||||||
CyberAgent Inc. | 1,281,700 | 13,747,508 | ||||||
Dentsu Group Inc. | 645,500 | 21,489,958 | ||||||
Hakuhodo DY Holdings Inc. | 689,400 | 6,976,629 | ||||||
42,214,095 |
2
Schedule of Investments (unaudited) (continued) | iShares® MSCI Japan ETF |
May 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Metals & Mining — 1.0% | ||||||||
Hitachi Metals Ltd.(a) | 629,300 | $ | 10,102,327 | |||||
JFE Holdings Inc. | 1,467,350 | 18,051,551 | ||||||
Nippon Steel Corp. | 2,410,970 | 42,015,091 | ||||||
Sumitomo Metal Mining Co. Ltd. | 736,600 | 30,799,165 | ||||||
100,968,134 | ||||||||
Multiline Retail — 0.2% | ||||||||
Pan Pacific International Holdings Corp. | 1,137,300 | 17,449,085 | ||||||
Oil, Gas & Consumable Fuels — 0.9% | ||||||||
ENEOS Holdings Inc. | 9,156,495 | 36,862,077 | ||||||
Idemitsu Kosan Co. Ltd. | 616,929 | 16,639,982 | ||||||
Inpex Corp. | 3,101,400 | 39,794,138 | ||||||
93,296,197 | ||||||||
Paper & Forest Products — 0.1% | ||||||||
Oji Holdings Corp. | 2,390,800 | 10,524,672 | ||||||
Personal Products — 1.3% | ||||||||
Kao Corp. | 1,416,100 | 56,922,378 | ||||||
Kobayashi Pharmaceutical Co. Ltd. | 156,300 | 10,470,680 | ||||||
Kose Corp. | 97,800 | 8,860,405 | ||||||
Shiseido Co. Ltd. | 1,192,400 | 50,016,099 | ||||||
126,269,562 | ||||||||
Pharmaceuticals — 5.8% | ||||||||
Astellas Pharma Inc. | 5,552,750 | 88,682,488 | ||||||
Chugai Pharmaceutical Co. Ltd. | 2,002,300 | 54,739,191 | ||||||
Daiichi Sankyo Co.Ltd. | 5,225,007 | 138,567,345 | ||||||
Eisai Co. Ltd. | 751,100 | 30,931,650 | ||||||
Kyowa Kirin Co. Ltd. | 806,300 | 17,371,124 | ||||||
Nippon Shinyaku Co. Ltd. | 146,600 | 9,049,150 | ||||||
Ono Pharmaceutical Co. Ltd. | 1,103,400 | 29,214,493 | ||||||
Otsuka Holdings Co. Ltd. | 1,164,300 | 38,791,645 | ||||||
Shionogi & Co. Ltd. | 789,900 | 42,081,496 | ||||||
Takeda Pharmaceutical Co. Ltd. | 4,484,200 | 128,856,858 | ||||||
578,285,440 | ||||||||
Professional Services — 1.8% | ||||||||
Nihon M&A Center Holdings Inc. | 895,600 | 10,276,663 | ||||||
Persol Holdings Co. Ltd. | 522,000 | 10,115,941 | ||||||
Recruit Holdings Co. Ltd. | 4,295,900 | 155,486,600 | ||||||
175,879,204 | ||||||||
Real Estate Management & Development — 2.3% | ||||||||
Daito Trust Construction Co. Ltd. | 191,000 | 16,869,924 | ||||||
Daiwa House Industry Co. Ltd. | 1,787,400 | 43,048,008 | ||||||
Hulic Co. Ltd. | 1,147,400 | 9,362,417 | ||||||
Mitsubishi Estate Co. Ltd. | 3,527,400 | 52,448,107 | ||||||
Mitsui Fudosan Co. Ltd. | 2,718,600 | 59,445,833 | ||||||
Nomura Real Estate Holdings Inc. | 348,000 | 8,703,158 | ||||||
Open House Group Co. Ltd. | 242,300 | 10,086,182 | ||||||
Sumitomo Realty & Development Co. Ltd. | 922,800 | 24,878,256 | ||||||
224,841,885 | ||||||||
Road & Rail — 2.2% | ||||||||
Central Japan Railway Co. | 430,300 | 53,302,195 | ||||||
East Japan Railway Co. | 901,800 | 46,231,668 | ||||||
Hankyu Hanshin Holdings Inc. | 682,500 | 18,303,342 | ||||||
Keio Corp. | 307,100 | 10,258,616 | ||||||
Keisei Electric Railway Co. Ltd. | 410,600 | 10,716,359 | ||||||
Kintetsu Group Holdings Co. Ltd. | 508,400 | 14,854,442 | ||||||
Odakyu Electric Railway Co. Ltd. | 868,400 | 11,457,960 | ||||||
Tobu Railway Co. Ltd. | 557,100 | 12,492,864 | ||||||
Tokyu Corp. | 1,584,200 | 17,977,642 |
Security | Shares | Value | ||||||
Road & Rail (continued) | ||||||||
West Japan Railway Co. | 655,200 | $ | 24,195,851 | |||||
219,790,939 | ||||||||
Semiconductors & Semiconductor Equipment — 3.8% | ||||||||
Advantest Corp. | 565,300 | 38,560,253 | ||||||
Disco Corp. | 86,400 | 23,326,864 | ||||||
Lasertec Corp. | 225,000 | 32,566,432 | ||||||
Renesas Electronics Corp.(a) | 3,768,000 | 44,009,640 | ||||||
Rohm Co. Ltd. | 260,800 | 21,316,644 | ||||||
SUMCO Corp. | 1,045,300 | 16,843,594 | ||||||
Tokyo Electron Ltd. | 445,552 | 204,233,962 | ||||||
380,857,389 | ||||||||
Software — 0.3% | ||||||||
Oracle Corp. Japan(a) | 113,600 | 6,877,363 | ||||||
Trend Micro Inc/Japan | 398,200 | 23,410,518 | ||||||
30,287,881 | ||||||||
Specialty Retail — 1.3% | ||||||||
Fast Retailing Co. Ltd. | 173,400 | 83,304,390 | ||||||
Hikari Tsushin Inc. | 60,500 | 6,834,622 | ||||||
Nitori Holdings Co. Ltd. | 238,800 | 24,059,453 | ||||||
USS Co. Ltd. | 649,800 | 11,819,318 | ||||||
126,017,783 | ||||||||
Technology Hardware, Storage & Peripherals — 1.8% | ||||||||
Brother Industries Ltd. | 700,000 | 12,883,357 | ||||||
Canon Inc. | 2,983,050 | 75,756,982 | ||||||
FUJIFILM Holdings Corp. | 1,073,800 | 59,144,143 | ||||||
Ricoh Co. Ltd. | 1,715,600 | 14,416,479 | ||||||
Seiko Epson Corp. | 835,100 | 13,980,177 | ||||||
176,181,138 | ||||||||
Tobacco — 0.7% | ||||||||
Japan Tobacco Inc. | 3,579,500 | 65,153,842 | ||||||
Trading Companies & Distributors — 4.7% | ||||||||
ITOCHU Corp. | 3,543,700 | 101,652,894 | ||||||
Marubeni Corp. | 4,666,300 | 48,918,288 | ||||||
Mitsubishi Corp. | 3,765,000 | 129,937,450 | ||||||
Mitsui & Co. Ltd. | 4,166,900 | 104,666,554 | ||||||
MonotaRO Co. Ltd. | 737,300 | 10,764,631 | ||||||
Sumitomo Corp. | 3,359,500 | 48,068,042 | ||||||
Toyota Tsusho Corp. | 632,900 | 24,158,933 | ||||||
468,166,792 | ||||||||
Transportation Infrastructure — 0.1% | ||||||||
Nippon Express Holdings Inc. | 229,600 | 13,336,502 | ||||||
Wireless Telecommunication Services — 4.2% | ||||||||
KDDI Corp. | 4,808,800 | 167,760,208 | ||||||
SoftBank Corp. | 8,565,900 | 98,684,840 | ||||||
SoftBank Group Corp. | 3,596,200 | 148,951,270 | ||||||
415,396,318 | ||||||||
Total Common Stocks — 98.7% | ||||||||
(Cost: $11,494,060,708) | 9,802,277,925 | |||||||
Short-Term Securities | ||||||||
Money Market Funds — 0.3% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.87%(c)(d)(e) | 24,200,081 | 24,200,081 |
3
Schedule of Investments (unaudited) (continued) | iShares® MSCI Japan ETF |
May 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Money Market Funds (continued) | ||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.72%(c)(d) | 6,490,000 | $ | 6,490,000 | |||||
30,690,081 | ||||||||
Total Short-Term Securities — 0.3% | ||||||||
(Cost: $30,690,103) | 30,690,081 | |||||||
Total Investments in Securities — 99.0% | ||||||||
(Cost: $11,524,750,811) | 9,832,968,006 | |||||||
Other Assets Less Liabilities — 1.0% | 95,455,009 | |||||||
Net Assets — 100.0% | $ | 9,928,423,015 |
(a) | Non-income producing security. |
(b) | All or a portion of this security is on loan. |
(c) | Affiliate of the Fund. |
(d) | Annualized 7-day yield as of period end. |
(e) | 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, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 08/31/21 | Purchases at Cost | Proceeds from Sale | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 05/31/22 | Shares Held at 05/31/22 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 11,457,264 | $ | 12,742,364 | (a) | $ | — | $ | 387 | $ | 66 | $ | 24,200,081 | 24,200,081 | $ | 16,911 | (b) | $ | — | |||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 5,320,000 | 1,170,000 | (a) | — | — | — | 6,490,000 | 6,490,000 | 4,522 | — | ||||||||||||||||||||||||||
$ | 387 | $ | 66 | $ | 30,690,081 | $ | 21,433 | $ | — |
(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 | ||||||||||||||
TOPIX Index | 787 | 06/09/22 | $ | 116,541 | $ | (712,233 | ) |
Fair Value Measurements
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 BlackRock Global Valuation Methodologies Committee’s (the “Global 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
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Schedule of Investments (unaudited) (continued) | iShares® MSCI Japan ETF |
May 31, 2022 |
Fair Value Measurements (continued)
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 Global 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 | |||||||||||||
Investments | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | $ | — | $ | 9,802,277,925 | $ | — | $ | 9,802,277,925 | ||||||||
Money Market Funds | 30,690,081 | — | — | 30,690,081 | ||||||||||||
$ | 30,690,081 | $ | 9,802,277,925 | $ | — | $ | 9,832,968,006 | |||||||||
Derivative financial instruments(a) | ||||||||||||||||
Liabilities | ||||||||||||||||
Futures Contracts | $ | — | $ | (712,233 | ) | $ | — | $ | (712,233 | ) | ||||||
(a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
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