iShares MSCI Turkey ETF (TUR) NPORT-P iShares MSCI Austria ETF (Nov 2024 report)

Schedule of Investments (unaudited)

November 30, 2024

iShares® MSCI Austria ETF

(Percentages shown are based on Net Assets)

 

Security	Shares	Value
Common Stocks
Air Freight & Logistics — 3.1%
Oesterreichische Post AG	51,522	$1,568,897
Banks — 37.0%
BAWAG Group AG(a)	69,315	5,502,358
Erste Group Bank AG	195,538	10,733,167
Raiffeisen Bank International AG	111,724	2,182,134
		18,417,659
Chemicals — 2.4%
Lenzing AG(b)(c)	38,093	1,183,809
Commercial Services & Supplies — 3.8%
DO & CO AG(b)	11,176	1,889,637
Construction & Engineering — 2.0%
Porr AG	58,169	990,897
Construction Materials — 4.4%
Wienerberger AG	77,498	2,184,431
Electric Utilities — 7.6%
EVN AG	57,177	1,480,134
Verbund AG	28,556	2,281,539
		3,761,673
Electronic Equipment, Instruments & Components — 1.7%
AT&S Austria Technologie & Systemtechnik AG(b)(c)	59,965	837,682
Energy Equipment & Services — 1.9%
Schoeller-Bleckmann Oilfield Equipment AG	29,871	922,974
Insurance — 6.4%
UNIQA Insurance Group AG	195,724	1,489,390
Vienna Insurance Group AG Wiener Versicherung Gruppe	55,393	1,701,257
		3,190,647
Machinery — 6.3%
ANDRITZ AG	39,666	2,219,741
Palfinger AG	45,236	927,381
		3,147,122

Security	Shares	Value
Metals & Mining — 4.4%
voestalpine AG	111,970	$2,169,907
Oil, Gas & Consumable Fuels — 11.1%
OMV AG	137,989	5,532,672
Real Estate Management & Development — 5.5%
CA Immobilien Anlagen AG(c)	61,773	1,558,853
Immofinanz AG(b)	72,087	1,203,611
		2,762,464
Total Long-Term Investments — 97.6% (Cost: $54,934,761)		48,560,471
Short-Term Securities
Money Market Funds — 5.6%
BlackRock Cash Funds: Institutional, SL Agency Shares, 4.79%(d)(e)(f)	2,762,431	2,763,812
BlackRock Cash Funds: Treasury, SL Agency Shares, 4.62%(d)(e)	20,000	20,000
Total Short-Term Securities — 5.6% (Cost: $2,783,924)		2,783,812
Total Investments — 103.2% (Cost: $57,718,685)		51,344,283
Liabilities in Excess of Other Assets — (3.2)%		(1,573,947 )
Net Assets — 100.0%		$49,770,336

 

(a)	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.
(b)	Non-income producing security.
(c)	All or a portion of this security is on loan.
(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.

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: 

Affiliated Issuer	Value at 08/31/24	Purchases at Cost	Proceeds from Sales	Net Realized Gain (Loss)	Change in Unrealized Appreciation (Depreciation)	Value at 11/30/24	Shares Held at 11/30/24	Income	Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$1,466,750	$1,297,658 (a)	$—	$(91 )	$(505 )	$2,763,812	2,762,431	$30,629 (b)	$—
BlackRock Cash Funds: Treasury, SL Agency Shares	20,000	0 (a)	—	—	—	20,000	20,000	163	—
				$(91 )	$(505 )	$2,783,812		$30,792	$—

 

(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.

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Schedule of Investments (unaudited)(continued)

November 30, 2024

iShares® MSCI Austria ETF

 

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
Euro STOXX 50 Index	23	12/20/24	$1,170	$(13,548 )

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments at the measurement date. 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 that the Fund has the ability to access for identical assets or liabilities;

• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (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 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	$6,570,379	$41,990,092	$—	$48,560,471
Short-Term Securities
Money Market Funds	2,783,812	—	—	2,783,812
	$9,354,191	$41,990,092	$—	$51,344,283
Derivative Financial Instruments(a)
Liabilities
Equity Contracts	$—	$(13,548 )	$—	$(13,548 )

 

(a) Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

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