| Schedule of Investments (unaudited) | iShares® Global Financials ETF |
| June 30, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks | ||||||||
| Australia — 4.4% | ||||||||
| ANZ Group Holdings Ltd. | 109,372 | $ | 2,054,848 | |||||
| ASX Ltd. | 7,053 | 281,420 | ||||||
| Commonwealth Bank of Australia | 60,950 | 5,163,156 | ||||||
| Insurance Australia Group Ltd. | 85,690 | 406,217 | ||||||
| Macquarie Group Ltd. | 12,926 | 1,758,858 | ||||||
| Medibank Pvt Ltd. | 100,154 | 248,213 | ||||||
| National Australia Bank Ltd. | 112,655 | 2,716,701 | ||||||
| QBE Insurance Group Ltd. | 54,861 | 633,294 | ||||||
| Suncorp Group Ltd. | 45,961 | 531,493 | ||||||
| Westpac Banking Corp. | 126,121 | 2,283,691 | ||||||
| 16,077,891 | ||||||||
| Austria — 0.2% | ||||||||
| Erste Group Bank AG | 12,667 | 599,595 | ||||||
| Belgium — 0.4% | ||||||||
| Ageas SA/NV | 6,202 | 282,977 | ||||||
| Groupe Bruxelles Lambert NV | 3,530 | 251,341 | ||||||
| KBC Group NV | 12,304 | 866,971 | ||||||
| 1,401,289 | ||||||||
| Brazil — 0.5% | ||||||||
| B3 SA - Brasil Bolsa Balcao | 204,841 | 375,230 | ||||||
| Banco do Brasil SA | 104,147 | 497,624 | ||||||
| NU Holdings Ltd.(a) | 88,551 | 1,141,422 | ||||||
| 2,014,276 | ||||||||
| Canada — 6.3% | ||||||||
| Bank of Montreal | 26,588 | 2,231,717 | ||||||
| Bank of Nova Scotia (The) | 44,747 | 2,046,904 | ||||||
| Brookfield Asset Management Ltd. | 13,503 | 514,043 | ||||||
| Brookfield Corp., Class A | 52,080 | 2,166,114 | ||||||
| Canadian Imperial Bank of Commerce | 33,934 | 1,613,542 | ||||||
| Intact Financial Corp. | 6,495 | 1,082,508 | ||||||
| Manulife Financial Corp. | 65,193 | 1,736,034 | ||||||
| National Bank of Canada | 12,350 | 979,568 | ||||||
| Power Corp. of Canada | 19,964 | 554,827 | ||||||
| Royal Bank of Canada | 51,487 | 5,481,584 | ||||||
| Sun Life Financial Inc. | 21,291 | 1,043,968 | ||||||
| Toronto-Dominion Bank (The) | 64,616 | 3,551,861 | ||||||
| 23,002,670 | ||||||||
| Chile — 0.1% | ||||||||
| Banco de Chile | 1,565,406 | 174,681 | ||||||
| Banco Santander Chile, ADR | 6,004 | 113,055 | ||||||
| 287,736 | ||||||||
| China — 2.0% | ||||||||
| Bank of China Ltd., Class H | 3,047,000 | 1,501,582 | ||||||
| China Construction Bank Corp., Class H | 3,571,720 | 2,640,293 | ||||||
| China Merchants Bank Co. Ltd., Class H | 121,500 | 552,113 | ||||||
| Industrial & Commercial Bank of China Ltd., Class H | 2,592,000 | 1,540,630 | ||||||
| Ping An Insurance Group Co. of China Ltd., Class H | 228,500 | 1,035,237 | ||||||
| 7,269,855 | ||||||||
| Colombia — 0.0% | ||||||||
| Bancolombia SA, ADR | 4,135 | 135,008 | ||||||
| Denmark — 0.3% | ||||||||
| Danske Bank A/S | 24,804 | 739,804 | ||||||
| Tryg A/S | 12,519 | 273,523 | ||||||
| 1,013,327 | ||||||||
| Finland — 0.2% | ||||||||
| Sampo OYJ, Class A | 16,989 | 732,638 | ||||||
| Security | Shares | Value | ||||||
| France — 1.7% | ||||||||
| AXA SA | 63,655 | $ | 2,086,053 | |||||
| BNP Paribas SA | 36,122 | 2,310,077 | ||||||
| Credit Agricole SA | 40,873 | 558,105 | ||||||
| Edenred SE | 9,108 | 386,287 | ||||||
| Euronext NV(b) | 3,628 | 336,208 | ||||||
| Societe Generale SA | 25,148 | 591,257 | ||||||
| Worldline SA/France(a)(b) | 9,062 | 98,755 | ||||||
| 6,366,742 | ||||||||
| Germany — 2.7% | ||||||||
| Allianz SE, Registered | 14,267 | 3,962,388 | ||||||
| Commerzbank AG | 36,094 | 547,482 | ||||||
| Deutsche Bank AG, Registered | 72,393 | 1,157,025 | ||||||
| Deutsche Boerse AG | 6,921 | 1,414,630 | ||||||
| Hannover Rueck SE | 2,167 | 548,551 | ||||||
| Muenchener Rueckversicherungs-Gesellschaft AG in
Muenchen, Registered | 4,856 | 2,427,783 | ||||||
| 10,057,859 | ||||||||
| Hong Kong — 1.1% | ||||||||
| AIA Group Ltd. | 408,200 | 2,761,778 | ||||||
| Hong Kong Exchanges & Clearing Ltd. | 44,300 | 1,417,738 | ||||||
| 4,179,516 | ||||||||
| Ireland — 0.2% | ||||||||
| AIB Group PLC | 60,260 | 318,239 | ||||||
| Bank of Ireland Group PLC | 35,215 | 367,872 | ||||||
| 686,111 | ||||||||
| Italy — 1.8% | ||||||||
| Assicurazioni Generali SpA | 40,317 | 1,003,650 | ||||||
| Banco BPM SpA | 55,224 | 355,411 | ||||||
| FinecoBank Banca Fineco SpA | 22,205 | 329,950 | ||||||
| Intesa Sanpaolo SpA | 585,868 | 2,177,328 | ||||||
| Mediobanca Banca di Credito Finanziario SpA | 23,174 | 339,222 | ||||||
| Nexi SpA(a)(b) | 31,025 | 189,128 | ||||||
| UniCredit SpA | 61,043 | 2,258,958 | ||||||
| 6,653,647 | ||||||||
| Japan — 5.5% | ||||||||
| Dai-ichi Life Holdings Inc. | 34,600 | 926,582 | ||||||
| Daiwa Securities Group Inc. | 53,200 | 408,433 | ||||||
| Japan Exchange Group Inc. | 18,800 | 440,923 | ||||||
| Japan Post Holdings Co. Ltd. | 67,500 | 670,932 | ||||||
| Mitsubishi UFJ Financial Group Inc. | 449,300 | 4,848,858 | ||||||
| Mizuho Financial Group Inc. | 92,810 | 1,953,408 | ||||||
| MS&AD Insurance Group Holdings Inc. | 48,500 | 1,082,811 | ||||||
| Nomura Holdings Inc. | 106,100 | 612,869 | ||||||
| ORIX Corp. | 42,400 | 939,748 | ||||||
| Resona Holdings Inc. | 84,700 | 563,436 | ||||||
| Sompo Holdings Inc. | 35,700 | 764,826 | ||||||
| Sumitomo Mitsui Financial Group Inc. | 48,000 | 3,221,994 | ||||||
| Sumitomo Mitsui Trust Holdings Inc. | 26,654 | 612,541 | ||||||
| T&D Holdings Inc. | 19,900 | 347,594 | ||||||
| Tokio Marine Holdings Inc. | 71,900 | 2,701,933 | ||||||
| 20,096,888 | ||||||||
| Mexico — 0.2% | ||||||||
| Grupo Financiero Banorte SAB de CV, Class O | 90,499 | 705,195 | ||||||
| Netherlands — 1.4% | ||||||||
| ABN AMRO Bank NV, CVA(b) | 15,100 | 247,997 | ||||||
| Adyen NV(a)(b) | 1,131 | 1,343,261 | ||||||
| Aegon Ltd. | 44,585 | 275,666 | ||||||
| ASR Nederland NV | 5,425 | 258,277 | ||||||
| EXOR NV, NVS | 3,447 | 360,063 | ||||||
| ING Groep NV | 127,386 | 2,188,831 | ||||||
1
| Schedule of Investments (unaudited) (continued) | iShares® Global Financials ETF |
| June 30, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Netherlands (continued) | ||||||||
| NN Group NV | 10,621 | $ | 493,648 | |||||
| 5,167,743 | ||||||||
| Norway — 0.2% | ||||||||
| DNB Bank ASA | 32,488 | 637,443 | ||||||
| Peru — 0.1% | ||||||||
| Credicorp Ltd. | 2,501 | 403,486 | ||||||
| Singapore — 1.3% | ||||||||
| DBS Group Holdings Ltd. | 73,860 | 1,945,384 | ||||||
| Oversea-Chinese Banking Corp. Ltd. | 141,300 | 1,500,519 | ||||||
| United Overseas Bank Ltd. | 56,100 | 1,294,020 | ||||||
| 4,739,923 | ||||||||
| South Korea — 0.4% | ||||||||
| KB Financial Group Inc. | 13,669 | 777,494 | ||||||
| Shinhan Financial Group Co. Ltd. | 17,511 | 610,468 | ||||||
| 1,387,962 | ||||||||
| Spain — 1.6% | ||||||||
| Banco Bilbao Vizcaya Argentaria SA | 212,589 | 2,134,073 | ||||||
| Banco de Sabadell SA | 199,481 | 385,127 | ||||||
| Banco Santander SA | 576,308 | 2,681,430 | ||||||
| CaixaBank SA | 146,675 | 778,924 | ||||||
| 5,979,554 | ||||||||
| Sweden — 1.7% | ||||||||
| EQT AB | 13,242 | 388,221 | ||||||
| Industrivarden AB, Class A | 5,261 | 179,211 | ||||||
| Industrivarden AB, Class C | 5,928 | 200,170 | ||||||
| Investor AB, Class B | 66,347 | 1,818,110 | ||||||
| Nordea Bank Abp | 127,175 | 1,516,002 | ||||||
| Skandinaviska Enskilda Banken AB, Class A | 60,870 | 899,942 | ||||||
| Svenska Handelsbanken AB, Class A | 57,541 | 549,869 | ||||||
| Swedbank AB, Class A | 33,119 | 682,194 | ||||||
| 6,233,719 | ||||||||
| Switzerland — 2.7% | ||||||||
| Baloise Holding AG, Registered | 1,686 | 297,247 | ||||||
| Julius Baer Group Ltd. | 7,502 | 419,603 | ||||||
| Partners Group Holding AG | 794 | 1,016,761 | ||||||
| Swiss Life Holding AG, Registered | 1,069 | 784,574 | ||||||
| Swiss Re AG | 10,522 | 1,304,485 | ||||||
| UBS Group AG, Registered | 110,465 | 3,244,373 | ||||||
| Zurich Insurance Group AG | 5,332 | 2,840,332 | ||||||
| 9,907,375 | ||||||||
| Taiwan — 0.6% | ||||||||
| Cathay Financial Holding Co. Ltd. | 351,521 | 638,390 | ||||||
| CTBC Financial Holding Co. Ltd. | 714,000 | 832,583 | ||||||
| Fubon Financial Holding Co. Ltd. | 306,400 | 748,287 | ||||||
| 2,219,260 | ||||||||
| United Kingdom — 4.7% | ||||||||
| 3i Group PLC | 35,445 | 1,366,081 | ||||||
| abrdn PLC | 68,227 | 127,421 | ||||||
| Admiral Group PLC | 9,533 | 315,018 | ||||||
| Aviva PLC | 100,422 | 604,872 | ||||||
| Barclays PLC | 516,439 | 1,364,646 | ||||||
| Hargreaves Lansdown PLC | 12,785 | 182,243 | ||||||
| HSBC Holdings PLC | 684,120 | 5,905,324 | ||||||
| Intermediate Capital Group PLC | 10,713 | 293,796 | ||||||
| Legal & General Group PLC | 215,739 | 617,783 | ||||||
| Lloyds Banking Group PLC | 2,294,735 | 1,582,711 | ||||||
| London Stock Exchange Group PLC | 14,634 | 1,735,275 | ||||||
| M&G PLC | 86,347 | 221,982 | ||||||
| NatWest Group PLC, NVS | 198,401 | 780,528 | ||||||
| Security | Shares | Value | ||||||
| United Kingdom (continued) | ||||||||
| Phoenix Group Holdings PLC | 34,669 | $ | 228,224 | |||||
| Prudential PLC | 100,129 | 907,871 | ||||||
| Schroders PLC | 33,438 | 153,030 | ||||||
| St. James’s Place PLC | 19,794 | 136,021 | ||||||
| Standard Chartered PLC | 77,629 | 700,948 | ||||||
| 17,223,774 | ||||||||
| United States — 56.6% | ||||||||
| Aflac Inc. | 18,770 | 1,676,349 | ||||||
| Allstate Corp. (The) | 9,650 | 1,540,719 | ||||||
| American Express Co. | 20,694 | 4,791,696 | ||||||
| American International Group Inc. | 24,067 | 1,786,734 | ||||||
| Ameriprise Financial Inc. | 3,607 | 1,540,874 | ||||||
| Aon PLC, Class A | 7,911 | 2,322,511 | ||||||
| Arch Capital Group Ltd.(a) | 13,653 | 1,377,451 | ||||||
| Arthur J Gallagher & Co. | 7,953 | 2,062,292 | ||||||
| Assurant Inc. | 1,858 | 308,893 | ||||||
| Bank of America Corp. | 247,606 | 9,847,291 | ||||||
| Bank of New York Mellon Corp. (The) | 27,145 | 1,625,714 | ||||||
| Berkshire Hathaway Inc., Class B(a) | 65,884 | 26,801,611 | ||||||
| BlackRock Inc.(c) | 5,073 | 3,994,074 | ||||||
| Blackstone Inc., NVS | 25,947 | 3,212,239 | ||||||
| Brown & Brown Inc. | 8,692 | 777,152 | ||||||
| Capital One Financial Corp. | 13,852 | 1,917,809 | ||||||
| Cboe Global Markets Inc. | 3,787 | 644,017 | ||||||
| Charles Schwab Corp. (The) | 54,391 | 4,008,073 | ||||||
| Chubb Ltd. | 14,760 | 3,764,981 | ||||||
| Cincinnati Financial Corp. | 5,719 | 675,414 | ||||||
| Citigroup Inc. | 69,304 | 4,398,032 | ||||||
| Citizens Financial Group Inc. | 16,392 | 590,604 | ||||||
| CME Group Inc. | 13,111 | 2,577,623 | ||||||
| Corpay Inc.(a) | 2,551 | 679,612 | ||||||
| Discover Financial Services | 9,109 | 1,191,548 | ||||||
| Everest Group Ltd. | 1,574 | 599,725 | ||||||
| FactSet Research Systems Inc. | 1,401 | 571,986 | ||||||
| Fidelity National Information Services Inc. | 20,169 | 1,519,936 | ||||||
| Fifth Third Bancorp | 24,804 | 905,098 | ||||||
| Fiserv Inc.(a) | 21,330 | 3,179,023 | ||||||
| Franklin Resources Inc. | 11,008 | 246,029 | ||||||
| Global Payments Inc. | 9,267 | 896,119 | ||||||
| Globe Life Inc. | 3,003 | 247,087 | ||||||
| Goldman Sachs Group Inc. (The) | 11,739 | 5,309,784 | ||||||
| Hartford Financial Services Group Inc. (The) | 10,827 | 1,088,547 | ||||||
| Huntington Bancshares Inc./Ohio | 53,176 | 700,860 | ||||||
| Intercontinental Exchange Inc. | 20,853 | 2,854,567 | ||||||
| Invesco Ltd. | 16,552 | 247,618 | ||||||
| Jack Henry & Associates Inc. | 2,667 | 442,775 | ||||||
| JPMorgan Chase & Co. | 104,508 | 21,137,788 | ||||||
| KeyCorp | 33,950 | 482,430 | ||||||
| KKR & Co. Inc. | 24,730 | 2,602,585 | ||||||
| Loews Corp. | 6,553 | 489,771 | ||||||
| M&T Bank Corp. | 6,039 | 914,063 | ||||||
| MarketAxess Holdings Inc. | 1,377 | 276,130 | ||||||
| Marsh & McLennan Companies Inc. | 17,917 | 3,775,470 | ||||||
| Mastercard Inc., Class A | 29,878 | 13,180,978 | ||||||
| MetLife Inc. | 21,678 | 1,521,579 | ||||||
| Moody’s Corp. | 5,697 | 2,398,038 | ||||||
| Morgan Stanley | 45,438 | 4,416,119 | ||||||
| MSCI Inc., Class A | 2,882 | 1,388,404 | ||||||
| Nasdaq Inc. | 13,841 | 834,059 | ||||||
| Northern Trust Corp. | 7,373 | 619,185 | ||||||
| PayPal Holdings Inc.(a) | 37,963 | 2,202,993 | ||||||
| PNC Financial Services Group Inc. (The) | 14,496 | 2,253,838 | ||||||
2
| Schedule of Investments (unaudited) (continued) | iShares® Global Financials ETF |
| June 30, 2024 | (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| United States (continued) | ||||||||
| Principal Financial Group Inc. | 7,930 | $ | 622,109 | |||||
| Progressive Corp. (The) | 21,317 | 4,427,754 | ||||||
| Prudential Financial Inc. | 13,020 | 1,525,814 | ||||||
| Raymond James Financial Inc. | 6,728 | 831,648 | ||||||
| Regions Financial Corp. | 33,637 | 674,085 | ||||||
| S&P Global Inc. | 11,656 | 5,198,576 | ||||||
| State Street Corp. | 10,999 | 813,926 | ||||||
| Synchrony Financial | 14,816 | 699,167 | ||||||
| T Rowe Price Group Inc. | 8,104 | 934,472 | ||||||
| Travelers Companies Inc. (The) | 8,312 | 1,690,162 | ||||||
| Truist Financial Corp. | 48,570 | 1,886,945 | ||||||
| U.S. Bancorp | 56,699 | 2,250,950 | ||||||
| Visa Inc., Class A(d) | 57,288 | 15,036,381 | ||||||
| W R Berkley Corp. | 7,383 | 580,156 | ||||||
| Wells Fargo & Co. | 126,877 | 7,535,225 | ||||||
| Willis Towers Watson PLC | 3,736 | 979,355 | ||||||
| 207,102,622 | ||||||||
| Total Common Stocks — 98.9% | ||||||||
| (Cost: $335,915,441) | 362,283,104 | |||||||
| Preferred Stocks | ||||||||
| Brazil — 0.5% | ||||||||
| Banco Bradesco SA, Preference Shares, ADR | 193,450 | 433,328 | ||||||
| Itau Unibanco Holding SA, Preference Shares, ADR | 176,462 | 1,030,538 | ||||||
| Itausa SA, Preference Shares, NVS | 198,161 | 348,105 | ||||||
| 1,811,971 | ||||||||
| Total Preferred Stocks — 0.5% | ||||||||
| (Cost: $2,580,018) | 1,811,971 | |||||||
| Total Long-Term Investments — 99.4% | ||||||||
| (Cost: $338,495,459) | 364,095,075 | |||||||
| Security | Shares | Value | ||||||
| Short-Term Securities | ||||||||
| Money Market Funds — 4.4% | ||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares, 5.48%(c)(e)(f) | 15,384,683 | $ | 15,389,299 | |||||
| BlackRock Cash Funds: Treasury, SL Agency Shares, 5.28%(c)(e) | 650,000 | 650,000 | ||||||
| Total Short-Term Securities — 4.4% | ||||||||
| (Cost: $16,040,837) | 16,039,299 | |||||||
| Total Investments — 103.8% | ||||||||
| (Cost: $354,536,296) | 380,134,374 | |||||||
| Liabilities in Excess of Other Assets — (3.8)% | (13,939,806 | ) | ||||||
| Net Assets — 100.0% | $ | 366,194,568 | ||||||
| (a) | Non-income producing security. |
| (b) | 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. |
| (c) | Affiliate of the Fund. |
| (d) | All or a portion of this security is on loan. |
| (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 June 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 03/31/24 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change
in Unrealized Appreciation (Depreciation) | Value
at 06/30/24 | Shares Held at 06/30/24 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 17,679,067 | $ | — | $ | (2,288,400 | )(a) | $ | 117 | $ | (1,485 | ) | $ | 15,389,299 | 15,384,683 | $ | 8,633 | (b) | $ | — | ||||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares | 510,000 | 140,000 | (a) | — | — | — | 650,000 | 650,000 | 12,984 | — | ||||||||||||||||||||||||||
| BlackRock Inc. | 4,622,033 | 34,149 | (405,550 | ) | (39,417 | ) | (217,141 | ) | 3,994,074 | 5,073 | 27,601 | — | ||||||||||||||||||||||||
| $ | (39,300 | ) | $ | (218,626 | ) | $ | 20,033,373 | $ | 49,218 | $ | — | |||||||||||||||||||||||||
| (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. |
3
| Schedule of Investments (unaudited) (continued) | iShares® Global Financials ETF |
| June 30, 2024 |
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 Financial Select Sector Index | 14 | 09/20/24 | $ | 1,793 | $ | 18,696 | ||||||||
| Euro STOXX 50 Index | 5 | 09/20/24 | 263 | 291 | ||||||||||
| FTSE 100 Index | 4 | 09/20/24 | 414 | 91 | ||||||||||
| $ | 19,078 | |||||||||||||
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 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 | $ | 233,650,993 | $ | 128,632,111 | $ | — | $ | 362,283,104 | ||||||||
| Preferred Stocks | 1,811,971 | — | — | 1,811,971 | ||||||||||||
| Short-Term Securities | ||||||||||||||||
| Money Market Funds | 16,039,299 | — | — | 16,039,299 | ||||||||||||
| $ | 251,502,263 | $ | 128,632,111 | $ | — | $ | 380,134,374 | |||||||||
| Derivative Financial Instruments(a) | ||||||||||||||||
| Assets | ||||||||||||||||
| Equity Contracts | $ | 18,696 | $ | 382 | $ | — | $ | 19,078 | ||||||||
| (a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Portfolio Abbreviation
| ADR | American Depositary Receipt |
| NVS | Non-Voting Shares |
4