NPORT-EX 2 iShares_MSCI_Japan_Value_ETF.htm iShares MSCI Japan Value ETF

Schedule of Investments  (unaudited) 

November 30, 2019

   

iShares® MSCI Japan Value ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    
Air Freight & Logistics — 0.2%            

Yamato Holdings Co. Ltd.

     900     $ 15,385  
   

 

 

  
Airlines — 0.2%            

Japan Airlines Co. Ltd.

     600       18,639  
   

 

 

  
Auto Components — 4.1%            

Aisin Seiki Co. Ltd.

     600       22,683  

Bridgestone Corp.

     2,400       95,882  

Denso Corp.

     1,800       80,343  

NGK Spark Plug Co. Ltd.

     600       12,004  

Sumitomo Electric Industries Ltd.

     3,300       49,239  

Sumitomo Rubber Industries Ltd.

     600       7,621  

Toyoda Gosei Co. Ltd.

     300       7,005  

Toyota Industries Corp.

     600       35,230  

Yokohama Rubber Co. Ltd. (The)

     600       12,355  
   

 

 

  
          322,362  
Automobiles — 14.1%            

Honda Motor Co. Ltd.

     6,900       193,245  

Isuzu Motors Ltd.

     2,400       28,063  

Mazda Motor Corp.

     2,400       21,258  

Mitsubishi Motors Corp.

     3,000       13,424  

Nissan Motor Co. Ltd.

     10,200       63,225  

Subaru Corp.

     2,700       70,674  

Toyota Motor Corp.

     9,900       690,496  

Yamaha Motor Co. Ltd.

     1,200       25,061  
   

 

 

  
              1,105,446  
Banks — 11.2%            

Aozora Bank Ltd.

     600       15,275  

Bank of Kyoto Ltd. (The)

     300       12,369  

Chiba Bank Ltd. (The)

     2,400       13,675  

Concordia Financial Group Ltd.

     4,500       18,245  

Fukuoka Financial Group Inc.

     600       11,424  

Japan Post Bank Co. Ltd.

     1,800       17,423  

Mebuki Financial Group Inc.

     3,900       10,078  

Mitsubishi UFJ Financial Group Inc.

     52,800       278,730  

Mizuho Financial Group Inc.

     104,400       161,305  

Resona Holdings Inc.

     9,300       39,413  

Seven Bank Ltd.

     900       2,786  

Shinsei Bank Ltd.

     900       14,160  

Shizuoka Bank Ltd. (The)

     2,100       15,974  

Sumitomo Mitsui Financial Group Inc.

     5,700       207,628  

Sumitomo Mitsui Trust Holdings Inc.

     1,500       57,351  
   

 

 

  
          875,836  
Building Products — 0.8%            

AGC Inc./Japan

     900       32,833  

LIXIL Group Corp.

     1,200       20,272  

TOTO Ltd.

     300       13,122  
   

 

 

  
          66,227  
Capital Markets — 1.8%            

Daiwa Securities Group Inc.

     6,600       33,449  

Japan Exchange Group Inc.

     900       15,294  

Nomura Holdings Inc.

     14,400       73,729  

SBI Holdings Inc./Japan

     900       18,681  
   

 

 

  
          141,153  
Chemicals — 4.3%            

Asahi Kasei Corp.

     5,400       60,627  

Daicel Corp.

     1,200       11,791  

JSR Corp.

     900       15,919  
Security   Shares     Value  
Chemicals (continued)            

Kuraray Co. Ltd.

     1,500     $ 18,122  

Mitsubishi Chemical Holdings Corp.

     5,700       42,249  

Mitsubishi Gas Chemical Co. Inc.

     600       9,380  

Mitsui Chemicals Inc.

     900       21,557  

Nitto Denko Corp.

     600       33,641  

Showa Denko KK

     600       16,015  

Sumitomo Chemical Co. Ltd.

     6,600       29,773  

Teijin Ltd.

     900       16,922  

Toray Industries Inc.

     6,000       39,667  

Tosoh Corp.

     1,200       17,861  
   

 

 

  
          333,524  
Commercial Services & Supplies — 0.9%            

Dai Nippon Printing Co. Ltd.

     900       24,055  

Secom Co. Ltd.

     300       25,496  

Toppan Printing Co. Ltd.

     1,200       23,856  
   

 

 

  
          73,407  
Construction & Engineering — 1.4%            

JGC Holdings Corp.

     900       13,076  

Kajima Corp.

     1,800       23,718  

Obayashi Corp.

     3,000       31,778  

Shimizu Corp.

     1,800       17,226  

Taisei Corp.

     600       23,532  
   

 

 

  
          109,330  
Construction Materials — 0.2%            

Taiheiyo Cement Corp.

     600       17,341  
   

 

 

  
Consumer Finance — 0.2%            

AEON Financial Service Co. Ltd.

     600       9,068  

Credit Saison Co. Ltd.

     600       9,917  
   

 

 

  
          18,985  
Containers & Packaging — 0.1%            

Toyo Seikan Group Holdings Ltd.

     600       10,448  
   

 

 

  
Diversified Financial Services — 1.5%            

Mitsubishi UFJ Lease & Finance Co. Ltd.

     1,800       11,555  

ORIX Corp.

     5,700       93,300  

Tokyo Century Corp.

     300       15,998  
   

 

 

  
              120,853  
Diversified Telecommunication Services — 1.7%            

Nippon Telegraph & Telephone Corp.

     2,700       136,270  
   

 

 

  
Electric Utilities — 1.9%            

Chubu Electric Power Co. Inc.

     2,700       37,624  

Chugoku Electric Power Co. Inc. (The)

     1,200       15,856  

Kansai Electric Power Co. Inc. (The)

     3,000       34,189  

Kyushu Electric Power Co. Inc.

     1,500       13,204  

Tohoku Electric Power Co. Inc.

     1,800       17,834  

Tokyo Electric Power Co. Holdings Inc.(a)

     6,600       28,929  
   

 

 

  
          147,636  
Electrical Equipment — 1.4%            

Mitsubishi Electric Corp.

     7,800       107,659  
   

 

 

  
Electronic Equipment, Instruments & Components — 1.2%  

Alps Alpine Co. Ltd.

     900       20,308  

Hitachi Ltd.

     1,500       58,898  

Omron Corp.

     300       17,615  
   

 

 

  
          96,821  
Equity Real Estate Investment Trusts (REITs) — 2.4%  

Daiwa House REIT Investment Corp.

     9       24,606  

Japan Prime Realty Investment Corp.

     3       13,656  
 

 

 

     1  

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® MSCI Japan Value ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Equity Real Estate Investment Trusts (REITs) (continued)  

Japan Real Estate Investment Corp.

     3     $ 20,409  

Japan Retail Fund Investment Corp.

     12       27,318  

Nippon Building Fund Inc.

     3       22,519  

Nippon Prologis REIT Inc.

     3       8,046  

Nomura Real Estate Master Fund Inc.

     18       32,841  

Orix JREIT Inc.

     6       13,188  

United Urban Investment Corp.

     12       23,340  
   

 

 

  
              185,923  
Food Products — 0.5%            

NH Foods Ltd.

     300       12,574  

Nisshin Seifun Group Inc.

     300       5,633  

Toyo Suisan Kaisha Ltd.

     300       12,930  

Yamazaki Baking Co. Ltd.

     300       5,498  
   

 

 

  
          36,635  
Gas Utilities — 1.0%            

Osaka Gas Co. Ltd.

     1,800       33,728  

Toho Gas Co. Ltd.

     300       11,328  

Tokyo Gas Co. Ltd.

     1,500       36,223  
   

 

 

  
          81,279  
Health Care Providers & Services — 0.3%  

Medipal Holdings Corp.

     900       19,297  
   

 

 

  
Household Durables — 3.9%            

Casio Computer Co. Ltd.

     600       11,435  

Iida Group Holdings Co. Ltd.

     600       10,656  

Nikon Corp.

     1,500       20,560  

Panasonic Corp.

     9,600       90,468  

Sekisui House Ltd.

     2,700       58,310  

Sony Corp.

     1,800       113,480  
   

 

 

  
          304,909  
Independent Power and Renewable Electricity Producers — 0.2%  

Electric Power Development Co. Ltd.

     600       14,382  
   

 

 

  
Industrial Conglomerates — 0.6%            

Toshiba Corp.

     1,200       43,065  
   

 

 

  
Insurance — 3.6%            

Dai-ichi Life Holdings Inc.

     4,800       77,275  

Japan Post Holdings Co. Ltd.

     6,900       64,835  

Japan Post Insurance Co. Ltd.

     900       15,475  

MS&AD Insurance Group Holdings Inc.

     2,100       67,904  

Sompo Holdings Inc.

     600       23,647  

Sony Financial Holdings Inc.

     300       6,958  

T&D Holdings Inc.

     2,400       28,228  
   

 

 

  
          284,322  
Interactive Media & Services — 0.5%  

Z Holdings Corp.

     11,700       40,278  
   

 

 

  
IT Services — 1.0%            

Fujitsu Ltd.

     900       81,782  
   

 

 

  
Leisure Products — 0.1%            

Sankyo Co. Ltd.

     300       10,136  
   

 

 

  
Machinery — 5.4%            

Amada Holdings Co. Ltd.

     1,500       16,711  

FANUC Corp.

     600       114,537  

Hino Motors Ltd.

     1,200       11,736  

Hitachi Construction Machinery Co. Ltd.

     600       15,812  

IHI Corp.

     300       6,994  

JTEKT Corp.

     600       7,451  
Security   Shares     Value  
Machinery (continued)            

Kawasaki Heavy Industries Ltd.

     300     $ 6,734  

Komatsu Ltd.

     3,900       91,419  

Kubota Corp.

     1,500       23,128  

Makita Corp.

     600       19,834  

Mitsubishi Heavy Industries Ltd.

     1,500       57,365  

NGK Insulators Ltd.

     600       9,889  

NSK Ltd.

     1,500       14,492  

Sumitomo Heavy Industries Ltd.

     600       17,149  

THK Co. Ltd.

     300       8,424  
   

 

 

  
              421,675  
Marine — 0.2%            

Mitsui OSK Lines Ltd.

     300       7,862  

Nippon Yusen KK

     600       10,295  
   

 

 

  
          18,157  
Media — 0.4%            

Dentsu Inc.

     900       32,627  
   

 

 

  
Metals & Mining — 1.7%            

Hitachi Metals Ltd.

     900       12,591  

JFE Holdings Inc.

     2,100       26,751  

Maruichi Steel Tube Ltd.

     300       8,629  

Mitsubishi Materials Corp.

     300       8,010  

Nippon Steel Corp.

     3,600       52,779  

Sumitomo Metal Mining Co. Ltd.

     900       27,252  
   

 

 

  
          136,012  
Multiline Retail — 0.5%            

Isetan Mitsukoshi Holdings Ltd.

     1,500       13,355  

J Front Retailing Co. Ltd.

     900       11,818  

Marui Group Co. Ltd.

     600       14,432  
   

 

 

  
          39,605  
Oil, Gas & Consumable Fuels — 1.7%  

Idemitsu Kosan Co. Ltd.

     992       27,067  

Inpex Corp.

     4,500       43,928  

JXTG Holdings Inc.

     13,800       61,319  
   

 

 

  
          132,314  
Paper & Forest Products — 0.3%            

Oji Holdings Corp.

     3,900       22,258  
   

 

 

  
Pharmaceuticals — 4.1%            

Kyowa Kirin Co. Ltd.

     600       12,727  

Mitsubishi Tanabe Pharma Corp.

     900       16,461  

Otsuka Holdings Co. Ltd.

     900       39,235  

Takeda Pharmaceutical Co. Ltd.

     6,300       256,292  
   

 

 

  
            324,715  
Real Estate Management & Development — 1.4%  

Aeon Mall Co. Ltd.

     300       4,819  

Daiwa House Industry Co. Ltd.

     2,400       73,396  

Nomura Real Estate Holdings Inc.

     600       14,492  

Tokyu Fudosan Holdings Corp.

     2,700       18,516  
   

 

 

  
          111,223  
Road & Rail — 2.8%            

Central Japan Railway Co.

     600       121,057  

Hankyu Hanshin Holdings Inc.

     600       25,751  

Kyushu Railway Co.

     600       20,409  

West Japan Railway Co.

     600       52,801  
   

 

 

  
          220,018  
Semiconductors & Semiconductor Equipment — 0.2%  

SUMCO Corp.

     1,200       18,530  
   

 

 

  
 

 

 

2   

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® MSCI Japan Value ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Software — 0.2%            

Trend Micro Inc./Japan

     300     $ 16,190  
   

 

 

  
Specialty Retail — 0.2%            

Yamada Denki Co. Ltd.

     2,700       13,462  
   

 

 

  
Technology Hardware, Storage & Peripherals — 2.5%  

Brother Industries Ltd.

     900       17,834  

Canon Inc.

     4,200       116,209  

Konica Minolta Inc.

     1,800       11,785  

Ricoh Co. Ltd.

     3,000       30,874  

Seiko Epson Corp.

     1,200       18,256  
   

 

 

  
      194,958  
Tobacco — 1.5%            

Japan Tobacco Inc.

     5,100           116,172  
   

 

 

  
Trading Companies & Distributors — 5.8%            

ITOCHU Corp.

     3,000       65,419  

Marubeni Corp.

     6,900       50,923  

Mitsubishi Corp.

     3,900       102,067  

Mitsui & Co. Ltd.

     7,200       127,517  

Sumitomo Corp.

     5,100       76,796  

Toyota Tsusho Corp.

     900       31,435  
   

 

 

  
      454,157  
Transportation Infrastructure — 0.2%            

Kamigumi Co. Ltd.

     600       13,292  
   

 

 

  
Security   Shares     Value  
Wireless Telecommunication Services — 8.1%            

KDDI Corp.

     7,500     $ 214,980  

NTT DOCOMO Inc.

     5,700       156,306  

SoftBank Group Corp.

     6,900       267,973  
   

 

 

  
      639,259  
   

 

 

  

Total Common Stocks — 98.5%
(Cost: $7,523,021)

       7,743,954  
   

 

 

  

Short-Term Investments

    
Money Market Funds — 0.0%            

BlackRock Cash Funds: Treasury,
SL Agency Shares,
    1.57%(b)(c)

     1,000       1,000  
   

 

 

  

Total Short-Term Investments — 0.0%
(Cost: $1,000)

       1,000  
   

 

 

  

Total Investments in Securities — 98.5%
(Cost: $7,524,021)

       7,744,954  

Other Assets, Less Liabilities — 1.5%

       115,119  
   

 

 

  

Net Assets — 100.0%

     $   7,860,073  
   

 

 

  

 

(a) 

Non-income producing security.

(b) 

Affiliate of the Fund.

(c) 

Annualized 7-day yield as of period-end.

 

 

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended November 30, 2019, 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
11/30/19		      Value at
11/30/19		      Income      Net Realized
Gain (Loss)		      Change in
Unrealized
Appreciation
(Depreciation)		  

BlackRock Cash Funds: Treasury,
SL Agency Shares

      —        1,000        1,000      $ 1,000      $ 2      $ —      $ —  
           

 

 

     

 

 

     

 

 

     

 

 

  

Futures Contracts

 

Description    Number of
Contracts		     Expiration
Date		     Notional
Amount
(000)		     Value/
Unrealized
Appreciation
(Depreciation)		  

Long Contracts

         

TOPIX Index

      7       12/12/19     $ 108     $ 3,567  
        

 

 

  

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.

 

 

     3  

Schedule of Investments  (unaudited) (continued)

November 30, 2019

   

iShares® MSCI Japan Value ETF

 

Fair Value Measurements (continued)

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of November 30, 2019. 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

    $ 7,743,954        $ —        $ —        $ 7,743,954  

Money Market Funds

      1,000          —          —          1,000  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 7,744,954        $ —        $ —        $ 7,744,954  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative financial instruments(a)

                  

Assets

                  

Futures Contracts

    $ 3,567        $ —        $ —        $ 3,567  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

Shown at the unrealized appreciation (depreciation) on the contracts.

 

 

 

4