Schedule of Investments (unaudited) | iShares® MSCI Global Metals & Mining Producers ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks | ||||||||
Australia — 23.4% | ||||||||
Alumina Ltd.(a) | 2,168,227 | $ | 2,748,428 | |||||
AVZ Minerals Ltd.(b) | 3,302,250 | 942,578 | ||||||
BHP Group Ltd. | 5,812,864 | 173,004,405 | ||||||
BlueScope Steel Ltd. | 508,034 | 7,169,320 | ||||||
Champion Iron Ltd. | 441,489 | 2,068,250 | ||||||
Coronado Global Resources Inc.(c) | 925,876 | 689,613 | ||||||
Deterra Royalties Ltd. | 480,222 | 1,484,298 | ||||||
Fortescue Ltd. | 1,942,134 | 32,094,069 | ||||||
IGO Ltd. | 776,466 | 3,637,082 | ||||||
Iluka Resources Ltd. | 488,824 | 2,338,285 | ||||||
Imdex Ltd. | 593,590 | 881,938 | ||||||
Latin Resources Ltd., NVS(a) | 2,702,130 | 472,122 | ||||||
Leo Lithium Ltd.(a)(b)(d) | 1,454,959 | 415,539 | ||||||
Liontown Resources Ltd.(a)(d) | 1,650,851 | 1,440,271 | ||||||
Lynas Rare Earths Ltd.(a) | 1,021,096 | 4,555,413 | ||||||
Mineral Resources Ltd. | 201,188 | 9,666,831 | ||||||
Mount Gibson Iron Ltd.(a) | 682,668 | 191,242 | ||||||
Nickel Industries Ltd. | 1,924,860 | 1,238,201 | ||||||
Perenti Ltd. | 937,938 | 629,050 | ||||||
Pilbara Minerals Ltd.(d) | 3,275,874 | 8,339,626 | ||||||
Rio Tinto Ltd. | 425,022 | 36,558,038 | ||||||
Sandfire Resources Ltd.(a) | 526,894 | 3,255,504 | ||||||
Sims Ltd. | 187,824 | 1,331,944 | ||||||
South32 Ltd. | 5,199,851 | 13,777,259 | ||||||
Stanmore Resources Ltd. | 352,772 | 771,413 | ||||||
Vulcan Steel Ltd.(d) | 77,774 | 373,849 | ||||||
WA1 Resources Ltd., NVS(a) | 45,600 | 643,207 | ||||||
310,717,775 | ||||||||
Austria — 0.3% | ||||||||
voestalpine AG | 122,059 | 3,572,547 | ||||||
Belgium — 0.1% | ||||||||
Bekaert SA | 40,924 | 1,928,669 | ||||||
Brazil — 3.7% | ||||||||
Bradespar SA | 39,337 | 139,492 | ||||||
Cia. Brasileira de Aluminio(a) | 275,746 | 373,900 | ||||||
Cia. Siderurgica Nacional SA | 751,556 | 1,872,127 | ||||||
Vale SA | 3,864,159 | 46,509,141 | ||||||
48,894,660 | ||||||||
Canada — 6.0% | ||||||||
Algoma Steel Group Inc. | 113,882 | 876,497 | ||||||
Altius Minerals Corp. | 45,238 | 730,539 | ||||||
Capstone Copper Corp.(a) | 649,045 | 4,571,578 | ||||||
ERO Copper Corp.(a) | 104,748 | 2,230,300 | ||||||
Filo Corp., NVS(a)(d) | 104,766 | 1,934,745 | ||||||
First Quantum Minerals Ltd. | 812,267 | 10,435,302 | ||||||
Foran Mining Corp.(a)(d) | 276,178 | 861,188 | ||||||
Hudbay Minerals Inc. | 453,299 | 4,423,403 | ||||||
Ivanhoe Mines Ltd., Class A(a)(d) | 726,798 | 10,494,431 | ||||||
Labrador Iron Ore Royalty Corp. | 71,058 | 1,574,490 | ||||||
Lithium Americas Argentina Corp.(a)(d) | 120,694 | 549,917 | ||||||
Lithium Americas Corp.(a) | 223,035 | 759,296 | ||||||
Lundin Mining Corp. | 755,609 | 8,687,327 | ||||||
Major Drilling Group International Inc.(a) | 85,484 | 623,435 | ||||||
NGEx Minerals Ltd.(a) | 138,624 | 989,627 | ||||||
Patriot Battery Metals Inc.(a) | 134,368 | 796,576 | ||||||
Solaris Resources Inc.(a) | 84,882 | 282,120 | ||||||
Stelco Holdings Inc. | 40,643 | 1,215,458 | ||||||
Taseko Mines Ltd.(a) | 337,774 | 924,390 |
Security | Shares | Value | ||||||
Canada (continued) | ||||||||
Teck Resources Ltd., Class B | 526,109 | $ | 27,364,076 | |||||
80,324,695 | ||||||||
Cayman Islands — 0.0% | ||||||||
Wanguo International Mining Group Ltd. | 250,000 | 252,225 | ||||||
Chile — 0.0% | ||||||||
CAP SA(a) | 76,454 | 514,685 | ||||||
China — 2.7% | ||||||||
Aluminum Corp. of China Ltd., Class A | 715,265 | 805,988 | ||||||
Aluminum Corp. of China Ltd., Class H | 4,816,000 | 3,602,544 | ||||||
Baoshan Iron & Steel Co. Ltd., Class A | 1,490,093 | 1,415,144 | ||||||
China Hongqiao Group Ltd. | 3,317,000 | 5,491,731 | ||||||
China Metal Recycling Holdings Ltd.(b) | 132,000 | — | ||||||
China Nonferrous Mining Corp Ltd. | 1,475,000 | 1,417,189 | ||||||
China Northern Rare Earth Group High-Tech Co. Ltd., | ||||||||
Class A | 238,470 | 621,418 | ||||||
China Oriental Group Co. Ltd. | 1,216,000 | 170,100 | ||||||
China Rare Earth Resources & Technology Co. Ltd., | ||||||||
Class A | 59,600 | 224,864 | ||||||
Citic Pacific Special Steel Group Co. Ltd. | 182,400 | 378,865 | ||||||
CMOC Group Ltd., Class A | 1,312,400 | 1,508,472 | ||||||
CMOC Group Ltd., Class H | 4,191,000 | 3,877,402 | ||||||
GEM Co. Ltd., Class A | 358,317 | 323,550 | ||||||
Guangdong HEC Technology Holding Co. Ltd., | ||||||||
Class A(a) | 179,635 | 207,212 | ||||||
Henan Shenhuo Coal Industry & Electricity Power | ||||||||
Co. Ltd. | 178,800 | 569,123 | ||||||
Hesteel Co. Ltd., Class A | 715,400 | 211,844 | ||||||
Huaibei Mining Holdings Co. Ltd. | 178,800 | 485,339 | ||||||
Hunan Valin Steel Co. Ltd., Class A | 476,800 | 346,529 | ||||||
Inner Mongolia BaoTou Steel Union Co. Ltd., | ||||||||
Class A(a) | 3,099,221 | 657,576 | ||||||
JCHX Mining Management Co. Ltd. | 60,800 | 475,946 | ||||||
Jiangxi Copper Co. Ltd., Class A | 120,125 | 421,702 | ||||||
Jiangxi Copper Co. Ltd., Class H | 1,264,000 | 2,734,374 | ||||||
Jinchuan Group International Resources Co. Ltd. | 3,010,000 | 335,367 | ||||||
Jinduicheng Molybdenum Co. Ltd., Class A | 238,400 | 382,552 | ||||||
MMG Ltd.(a)(d) | 3,442,000 | 1,684,580 | ||||||
Nanjing Iron & Steel Co. Ltd., Class A | 425,600 | 301,117 | ||||||
Pangang Group Vanadium Titanium & Resources Co. | ||||||||
Ltd., Class A(a) | 596,000 | 241,086 | ||||||
Shandong Nanshan Aluminum Co. Ltd., Class A | 834,630 | 442,620 | ||||||
Shanxi Meijin Energy Co. Ltd., Class A(a) | 241,028 | 184,431 | ||||||
Shanxi Taigang Stainless Steel Co. Ltd., Class A(a) | 419,507 | 218,346 | ||||||
Shougang Fushan Resources Group Ltd. | 2,408,000 | 1,100,093 | ||||||
Sinomine Resource Group Co. Ltd., Class A | 61,560 | 261,866 | ||||||
Tiangong International Co. Ltd.(d) | 1,204,000 | 276,689 | ||||||
Tianshan Aluminum Group Co. Ltd., Class A | 298,560 | 352,163 | ||||||
Tongling Nonferrous Metals Group Co. Ltd., Class A | 894,500 | 487,818 | ||||||
Western Mining Co. Ltd., Class A | 178,800 | 458,343 | ||||||
Western Superconducting Technologies Co. Ltd., | ||||||||
Class A | 48,433 | 284,879 | ||||||
Xiamen Tungsten Co. Ltd., Class A | 119,299 | 312,616 | ||||||
Yintai Gold Co. Ltd., Class A. | 179,440 | 479,538 | ||||||
YongXing Special Materials Technology Co. Ltd., | ||||||||
Class A | 27,430 | 162,440 | ||||||
Yunnan Aluminium Co. Ltd., Class A | 238,400 | 474,215 | ||||||
Yunnan Chihong Zinc&Germanium Co. Ltd. | 358,800 | 284,120 | ||||||
Yunnan Tin Co. Ltd., Class A | 119,200 | 275,804 | ||||||
Zhejiang Huayou Cobalt Co. Ltd., Class A | 121,450 | 481,999 | ||||||
35,429,594 |
1
Schedule of Investments (unaudited) (continued) | iShares® MSCI Global Metals & Mining Producers ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Egypt — 0.0% | ||||||||
Ezz Steel Co. SAE(a) | 261,720 | $ | 417,685 | |||||
Finland — 0.1% | ||||||||
Outokumpu OYJ | 411,724 | 1,710,268 | ||||||
France — 1.3% | ||||||||
Aperam SA | 49,364 | 1,423,845 | ||||||
ArcelorMittal SA | 536,817 | 14,162,611 | ||||||
Eramet SA | 9,767 | 1,127,742 | ||||||
16,714,198 | ||||||||
Germany — 0.5% | ||||||||
Aurubis AG | 36,135 | 3,074,394 | ||||||
Salzgitter AG | 28,294 | 703,636 | ||||||
thyssenkrupp AG | 574,308 | 2,846,415 | ||||||
6,624,445 | ||||||||
India — 5.3% | ||||||||
APL Apollo Tubes Ltd. | 187,929 | 3,387,375 | ||||||
Godawari Power and Ispat Ltd. | 53,479 | 620,501 | ||||||
Gravita India Ltd. | 22,735 | 293,936 | ||||||
Hindalco Industries Ltd. | 1,531,132 | 12,684,469 | ||||||
Hindustan Copper Ltd. | 271,029 | 1,158,367 | ||||||
Jai Balaji Industries Ltd., NVS(a) | 37,577 | 391,457 | ||||||
Jindal Saw Ltd. | 129,583 | 838,686 | ||||||
Jindal Stainless Ltd. | 129,589 | 1,231,908 | ||||||
Jindal Steel & Power Ltd. | 405,280 | 4,998,187 | ||||||
JSW Steel Ltd. | 693,537 | 7,331,752 | ||||||
Kirloskar Ferrous Industries Ltd. | 56,824 | 466,866 | ||||||
Maharashtra Seamless Ltd. | 45,653 | 358,816 | ||||||
Mishra Dhatu Nigam Ltd.(c) | 50,268 | 260,765 | ||||||
MOIL Ltd. | 71,273 | 430,461 | ||||||
National Aluminium Co. Ltd. | 928,830 | 2,136,750 | ||||||
NMDC Ltd. | 1,163,213 | 3,635,955 | ||||||
NMDC Steel Ltd., NVS(a) | 857,752 | 619,132 | ||||||
Orissa Minerals Development Co. Ltd. (The)(a) | 2,454 | 166,120 | ||||||
PTC Industries Ltd., NVS(a) | 3,585 | 359,573 | ||||||
Ramkrishna Forgings Ltd. | 93,083 | 743,291 | ||||||
Ratnamani Metals & Tubes Ltd. | 32,292 | 1,316,434 | ||||||
Sandur Manganese & Iron Ores Ltd. (The) | 43,997 | 279,049 | ||||||
Sarda Energy & Minerals Ltd., NVS | 97,388 | 261,291 | ||||||
Shivalik Bimetal Controls Ltd., NVS | 29,312 | 178,242 | ||||||
Shyam Metalics & Energy Ltd. | 60,197 | 441,119 | ||||||
Surya Roshni Ltd., NVS | 37,979 | 264,921 | ||||||
Tata Steel Ltd. | 8,025,657 | 16,098,804 | ||||||
Tata Steel Ltd., GDR(e) | 44,307 | 868,417 | ||||||
Usha Martin Ltd. | 173,436 | 759,374 | ||||||
Vedanta Ltd. | 1,267,533 | 6,824,820 | ||||||
Welspun Corp. Ltd. | 101,320 | 669,658 | ||||||
70,076,496 | ||||||||
Indonesia — 0.6% | ||||||||
Amman Mineral Internasional PT(a) | 7,504,012 | 5,576,058 | ||||||
Bumi Resources Minerals Tbk PT(a) | 63,210,000 | 603,336 | ||||||
Merdeka Copper Gold Tbk PT(a) | 11,260,486 | 1,872,349 | ||||||
8,051,743 | ||||||||
Japan — 4.9% | ||||||||
Daido Steel Co. Ltd. | 150,600 | 1,521,702 | ||||||
Daiki Aluminium Industry Co. Ltd. | 32,600 | 275,102 | ||||||
Dowa Holdings Co. Ltd. | 60,200 | 2,222,254 | ||||||
Godo Steel Ltd. | 9,300 | 310,874 | ||||||
JFE Holdings Inc. | 667,400 | 10,104,101 | ||||||
Kobe Steel Ltd. | 426,000 | 5,550,593 | ||||||
Kyoei Steel Ltd. | 21,200 | 288,378 | ||||||
Maruichi Steel Tube Ltd. | 65,300 | 1,558,114 |
Security | Shares | Value | ||||||
Japan (continued) | ||||||||
Mitsubishi Materials Corp. | 141,100 | $ | 2,756,995 | |||||
Mitsui Mining & Smelting Co. Ltd. | 63,000 | 2,038,229 | ||||||
Nippon Light Metal Holdings Co. Ltd. | 64,840 | 784,551 | ||||||
Nippon Steel Corp. | 985,305 | 21,570,511 | ||||||
Nittetsu Mining Co. Ltd. | 11,200 | 378,180 | ||||||
Osaka Steel Co. Ltd. | 15,000 | 231,355 | ||||||
OSAKA Titanium Technologies Co. Ltd.(d) | 32,800 | 635,056 | ||||||
Sanyo Special Steel Co. Ltd. | 20,900 | 292,573 | ||||||
Sumitomo Metal Mining Co. Ltd. | 284,300 | 9,255,322 | ||||||
Toho Titanium Co. Ltd.(d) | 36,400 | 298,373 | ||||||
Tokyo Steel Manufacturing Co. Ltd. | 62,200 | 620,965 | ||||||
UACJ Corp. | 37,538 | 1,075,952 | ||||||
Yamato Kogyo Co. Ltd. | 49,000 | 2,561,346 | ||||||
Yodogawa Steel Works Ltd. | 21,800 | 795,864 | ||||||
65,126,390 | ||||||||
Malaysia — 0.4% | ||||||||
PMB Technology Bhd(a)(d) | 417,200 | 223,358 | ||||||
Press Metal Aluminium Holdings Bhd | 4,231,600 | 5,034,408 | ||||||
5,257,766 | ||||||||
Mexico — 1.6% | ||||||||
Grupo Mexico SAB de CV, Series B | 3,551,200 | 21,952,074 | ||||||
Netherlands — 0.1% | ||||||||
AMG Critical Materials NV | 36,120 | 807,534 | ||||||
Norway — 0.8% | ||||||||
Norsk Hydro ASA | 1,521,760 | 10,304,810 | ||||||
Peru — 0.9% | ||||||||
Southern Copper Corp. | 98,521 | 11,687,546 | ||||||
Poland — 0.7% | ||||||||
Grupa Kety SA | 11,245 | 2,470,599 | ||||||
Jastrzebska Spolka Weglowa SA, Class S(a)(d) | 60,200 | 436,082 | ||||||
KGHM Polska Miedz SA | 161,336 | 6,268,379 | ||||||
9,175,060 | ||||||||
Qatar — 0.1% | ||||||||
Qatar Aluminum Manufacturing Co. | 3,187,590 | 1,180,412 | ||||||
Russia — 0.0% | ||||||||
Alrosa PJSC(b) | 2,886,002 | 319 | ||||||
GMK Norilskiy Nickel PAO(b) | 7,140,000 | 8 | ||||||
Novolipetsk Steel PJSC(a)(b) | 1,668,000 | 184 | ||||||
Severstal PAO(a)(b) | 233,400 | 26 | ||||||
United Co. RUSAL International PJSC(a)(b) | 3,450,000 | 382 | ||||||
919 | ||||||||
Saudi Arabia — 1.5% | ||||||||
Al Masane Al Kobra Mining Co. | 39,131 | 656,204 | ||||||
East Pipes Integrated Co. for Industry, NVS | 14,496 | 581,255 | ||||||
Saudi Arabian Mining Co.(a) | 1,482,144 | 18,290,655 | ||||||
Saudi Steel Pipe Co.(a) | 24,080 | 469,044 | ||||||
19,997,158 | ||||||||
South Africa — 1.4% | ||||||||
African Rainbow Minerals Ltd. | 130,646 | 1,581,737 | ||||||
Anglo American Platinum Ltd. | 75,852 | 2,488,286 | ||||||
Impala Platinum Holdings Ltd. | 1,035,344 | 5,333,419 | ||||||
Kumba Iron Ore Ltd. | 73,451 | 1,916,960 | ||||||
Northam Platinum Holdings Ltd. | 408,156 | 2,818,525 | ||||||
Sibanye Stillwater Ltd. | 3,229,788 | 4,076,470 | ||||||
18,215,397 | ||||||||
South Korea — 2.3% | ||||||||
Dongkuk Steel Mill Co. Ltd/New | 39,403 | 298,748 |
2
Schedule of Investments (unaudited) (continued) | iShares® MSCI Global Metals & Mining Producers ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
South Korea (continued) | ||||||||
Hyundai Steel Co. | 97,729 | $ | 2,098,976 | |||||
KG Chemical Corp. | 72 | 263 | ||||||
KG Dongbusteel | 54,876 | 274,102 | ||||||
Korea Zinc Co. Ltd. | 9,431 | 3,599,466 | ||||||
Poongsan Corp. | 19,072 | 851,542 | ||||||
POSCO Holdings Inc. | 81,382 | 21,824,083 | ||||||
Posco M-Tech Co.Ltd. | 22,824 | 336,289 | ||||||
Sam-A Aluminum Co. Ltd. | 7,009 | 427,368 | ||||||
Seah Besteel Holdings Corp. | 15,496 | 255,819 | ||||||
SeAH Steel Holdings Corp. | 1,802 | 275,548 | ||||||
TCC Steel | 18,962 | 671,735 | ||||||
30,913,939 | ||||||||
Spain — 0.2% | ||||||||
Acerinox SA | 208,476 | 2,283,624 | ||||||
Sweden — 1.5% | ||||||||
Alleima AB, NVS | 214,022 | 1,462,704 | ||||||
Boliden AB | 313,110 | 10,975,506 | ||||||
Granges AB | 114,424 | 1,476,193 | ||||||
SSAB AB, Class A | 264,723 | 1,542,496 | ||||||
SSAB AB, Class B | 743,374 | 4,319,113 | ||||||
19,776,012 | ||||||||
Taiwan — 1.6% | ||||||||
Century Iron & Steel Industrial Co. Ltd. | 184,000 | 1,633,038 | ||||||
China Metal Products | 208,011 | 333,074 | ||||||
China Steel Corp. | 13,262,612 | 9,734,134 | ||||||
Chun Yuan Steel Industry Co. Ltd. | 475,000 | 303,088 | ||||||
Chung Hung Steel Corp. | 1,073,000 | 754,605 | ||||||
Evergreen Steel Corp. | 179,000 | 786,452 | ||||||
Feng Hsin Steel Co. Ltd. | 596,000 | 1,348,608 | ||||||
First Copper Technology Co. Ltd. | 200,000 | 322,282 | ||||||
Gloria Material Technology Corp. | 596,000 | 969,593 | ||||||
Hsin Kuang Steel Co. Ltd. | 250,000 | 467,919 | ||||||
TA Chen Stainless Pipe | 1,913,638 | 2,270,321 | ||||||
Tung Ho Steel Enterprise Corp. | 596,700 | 1,273,063 | ||||||
YC INOX Co. Ltd. | 370,263 | 292,036 | ||||||
Yieh Phui Enterprise Co. Ltd. | 1,204,776 | 591,517 | ||||||
21,079,730 | ||||||||
Turkey — 0.3% | ||||||||
Eregli Demir ve Celik Fabrikalari TAS | 1,599,294 | 2,379,343 | ||||||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S, | ||||||||
Class A | 325,941 | 252,877 | ||||||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret A/S, | ||||||||
Class D | 826,255 | 745,657 | ||||||
Kocaer Celik Sanayi Ve Ticaret A/S | 212,135 | 352,864 | ||||||
Koza Anadolu Metal Madencilik Isletmeleri AS(a) | 228,562 | 352,617 | ||||||
4,083,358 | ||||||||
United Kingdom — 17.2% | ||||||||
Anglo American PLC | 1,457,177 | 47,176,377 | ||||||
Antofagasta PLC. | 452,070 | 12,823,286 | ||||||
Atalaya Mining PLC(d) | 112,195 | 619,036 | ||||||
Central Asia Metals PLC | 201,316 | 578,010 | ||||||
Glencore PLC | 11,892,159 | 73,299,645 | ||||||
Hill & Smith PLC | 92,708 | 2,430,315 | ||||||
Rio Tinto PLC | 1,292,678 | 91,001,145 | ||||||
227,927,814 | ||||||||
United States — 19.2% | ||||||||
Alcoa Corp. | 205,884 | 9,114,483 | ||||||
Alpha Metallurgical Resources Inc. | 12,636 | 3,985,521 | ||||||
Arch Resources Inc. | 19,885 | 3,458,598 | ||||||
ATI Inc.(a)(d) | 142,375 | 8,733,282 |
Security | Shares | Value | ||||||
United States (continued) | ||||||||
Carpenter Technology Corp. | 56,595 | $ | 6,274,688 | |||||
Century Aluminum Co.(a) | 64,416 | 1,180,745 | ||||||
Cleveland-Cliffs Inc.(a) | 571,262 | 9,871,407 | ||||||
Commercial Metals Co. | 133,026 | 7,492,024 | ||||||
Compass Minerals International Inc. | 38,528 | 499,323 | ||||||
Freeport-McMoRan Inc. | 1,644,218 | 86,699,615 | ||||||
Haynes International Inc. | 14,650 | 861,713 | ||||||
Ivanhoe Electric Inc.(a)(d) | 79,467 | 903,540 | ||||||
Kaiser Aluminum Corp. | 18,060 | 1,766,268 | ||||||
Materion Corp. | 23,472 | 2,684,727 | ||||||
Metallus Inc.(a) | 45,150 | 1,084,051 | ||||||
MP Materials Corp.(a)(d) | 164,948 | 2,675,457 | ||||||
Nucor Corp. | 275,640 | 46,541,814 | ||||||
Olympic Steel Inc. | 11,438 | 596,377 | ||||||
Radius Recycling Inc. | 29,498 | 504,711 | ||||||
Ramaco Resources Inc. | 29,498 | 417,397 | ||||||
Reliance Inc. | 65,852 | 19,806,965 | ||||||
Ryerson Holding Corp. | 35,538 | 844,027 | ||||||
Steel Dynamics Inc. | 172,130 | 23,043,043 | ||||||
SunCoke Energy Inc. | 95,116 | 1,003,474 | ||||||
U.S. Steel Corp. | 257,656 | 9,881,108 | ||||||
Warrior Met Coal Inc. | 60,244 | 4,122,497 | ||||||
Worthington Steel Inc. | 36,722 | 1,211,459 | ||||||
255,258,314 | ||||||||
Total Common Stocks — 98.7% | ||||||||
(Cost: $1,341,291,921) | 1,310,257,542 | |||||||
Preferred Stocks | ||||||||
Brazil — 0.7% | ||||||||
Bradespar SA, Preference Shares, NVS | 282,062 | 1,031,364 | ||||||
Cia. Ferro Ligas da Bahia - FERBASA, Preference | ||||||||
Shares, NVS | 143,040 | 216,566 | ||||||
Gerdau SA, Preference Shares, NVS | 1,584,173 | 5,463,705 | ||||||
Metalurgica Gerdau SA, Preference Shares, NVS | 770,695 | 1,571,949 | ||||||
Usinas Siderurgicas de Minas Gerais SA Usiminas, | ||||||||
Class A, Preference Shares, NVS | 561,407 | 809,357 | ||||||
9,092,941 | ||||||||
Russia — 0.0% | ||||||||
Mechel PJSC, Preference Shares, NVS(b) | 96,000 | 10 | ||||||
Total Preferred Stocks — 0.7% | ||||||||
(Cost: $8,898,285) | 9,092,951 | |||||||
Total Long-Term Investments — 99.4% | ||||||||
(Cost: $1,350,190,206) | 1,319,350,493 | |||||||
Short-Term Securities | ||||||||
Money Market Funds — 1.9% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency | ||||||||
Shares, 5.49%(f)(g)(h) | 25,163,256 | 25,170,805 | ||||||
Total Short-Term Securities — 1.9% | ||||||||
(Cost: $25,166,171) | 25,170,805 | |||||||
Total Investments — 101.3% | ||||||||
(Cost: $1,375,356,377) | 1,344,521,298 | |||||||
Liabilities in Excess of Other Assets — (1.3)% | (17,682,173 | ) | ||||||
Net Assets—100.0% | $ | 1,326,839,125 |
(a) | Non-income producing security. |
3
Schedule of Investments (unaudited) (continued) | iShares® MSCI Global Metals & Mining Producers ETF |
May 31, 2024 |
(b) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(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) | All or a portion of this security is on loan. |
(e) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
(f) | Affiliate of the Fund. |
(g) | Annualized 7-day yield as of period end. |
(h) | 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 | $ | 25,074,638 | $ | 93,351 | (a) | $ | — | $ | 4,169 | $ | (1,353 | ) | $ | 25,170,805 | 25,163,256 | $ | 218,757 | (b) | $ | — | ||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares(c) | 800,000 | — | (800,000 | )(a) | — | — | — | — | 81,224 | — | ||||||||||||||||||||||||||
$ | 4,169 | $ | (1,353 | ) | $ | 25,170,805 | $ | 299,981 | $ | — |
(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. |
(c) | As of period end, the entity is no longer held. |
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 | ||||||||||||||
E-Mini Energy Select Sector Index | 7 | 06/21/24 | $ | 683 | $ | (1,646 | ) | |||||||
MSCI Emerging Markets Index | 63 | 06/21/24 | 3,328 | (24,509 | ) | |||||||||
$ | (26,155 | ) |
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
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Schedule of Investments (unaudited) (continued) | iShares® MSCI Global Metals & Mining Producers ETF |
May 31, 2024 |
Fair Value Hierarchy as of Period End (continued)
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 | $ | 444,549,233 | $ | 864,349,273 | $ | 1,359,036 | $ | 1,310,257,542 | ||||||||
Preferred Stocks | 9,092,941 | — | 10 | 9,092,951 | ||||||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 25,170,805 | — | — | 25,170,805 | ||||||||||||
$ | 478,812,979 | $ | 864,349,273 | $ | 1,359,046 | $ | 1,344,521,298 | |||||||||
Derivative Financial Instruments(a) | ||||||||||||||||
Liabilities | ||||||||||||||||
Equity Contracts | $ | (26,155 | ) | $ | — | $ | — | $ | (26,155 | ) |
(a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Portfolio Abbreviation
GDR | Global Depositary Receipt |
NVS | Non-Voting Shares |
PJSC | Public Joint Stock Company |
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