NPORT-EX 2 NPORT_901700797982500.htm iShares Commodities Select Strategy ETF

Consolidated Schedule of Investments  (unaudited) 

July 31, 2020

   

iShares® Commodities Select Strategy ETF

(Percentages shown are based on Net Assets)

 

Security       
Par		     Value  

Short-Term Investments

 

Certificates of Deposit — 7.4%  

Bank of Montreal/Chicago IL, 0.53%, 02/12/21, (3 mo. LIBOR US + 0.100%)(a)

   $ 3,800,000     $ 3,800,594  

Barclays Bank PLC, 0.60%, 12/15/20

     4,000,000       4,004,390  

Oversea-Chinese Banking Corp. Ltd., 1.87%, 08/04/20

     5,000,000       5,000,988  

Sumitomo Mitsui Trust Bank Ltd./New York, 0.25%, 12/21/20

     1,300,000       1,299,969  
   

 

 

  
      14,105,941  
Commercial Paper — 69.1%  

ABN AMRO Funding USA LLC, 1.88%, 08/10/20(b)

     5,000,000       4,999,768  

American Electric Power Co. Inc., 0.20%, 08/27/20(b)

     5,000,000       4,999,250  

American Honda Finance Corp., 0.78%, 10/21/20(b)

     5,500,000       5,492,834  

Antalis SA, 0.30%, 10/07/20(b)

     2,000,000       1,999,256  

BASF SE, 0.34%, 09/28/20(b)

     7,725,000       7,720,708  

Bell Canada, 0.25%, 09/23/20(b)

     3,000,000       2,998,218  

Caisse des Depots et Consignations, 0.27%, 09/08/20(b) .

     5,000,000       4,999,567  

Crown Point Capital Co. LLC,
0.27%, 12/01/20(b)

     1,500,000       1,498,708  

Duke Energy Corp.

    

0.25%, 09/17/2020(b)

     8,000,000       7,997,312  

0.32%, 10/21/2020(b)

     750,000       749,447  

DZ BANK AG Deutsche Zentral-Genossenschaftsbank, 0.11%, 09/08/20(b)

     6,000,000       5,999,272  

Erste Abwicklungsanstalt, 0.15%, 10/08/20(b)

     7,900,000       7,897,804  

KFW International Finance Inc., 0.23%, 02/25/21(b)

     1,000,000       998,729  

Koch Inds Inc.

    

0.30%, 09/22/2020(b)

     1,750,000       1,749,678  

0.30%, 09/23/2020(b)

     1,250,000       1,249,764  

Matchpoint Finance PLC, 0.30%, 09/21/20(b)

     5,000,000       4,998,707  

MetLife Short Term Funding,
0.20%, 01/19/21(b)

     600,000       599,260  

Mizuho Bank Ltd.

    

0.15%, 09/01/2020(b)

     2,400,000       2,399,691  

0.31%, 02/18/2021(b)

     2,000,000       1,996,499  

Mont Blanc Capital Corp.

    

0.25%, 10/05/2020(b)

     5,000,000       4,998,038  

0.27%, 09/15/2020(b)

     3,057,000       3,056,254  

MUFG Bank Ltd., 0.22%, 11/24/20(b)

     1,000,000       999,240  

Nederlandse Waterschapsbank NV, 0.18%, 10/09/20(b)

     8,500,000       8,496,975  

Nutrien Ltd., 0.55%, 09/15/20(b)

     4,690,000       4,688,520  

OMERS Finance Trust, 0.11%, 08/18/20(b)

     4,000,000       3,999,780  

Oversea-Chinese Banking Corp. Ltd., 0.20%, 09/18/20(b) .

     2,000,000       1,999,445  
Security  

Par/

Shares

    Value  
Commercial Paper (continued)            

Parker-Hannifin Corp.

    

0.11%, 08/17/2020(b)

   $ 1,800,000     $ 1,799,909  

0.12%, 08/21/2020(b)

     5,000,000       4,999,650  

PSP Capital Inc., 0.22%, 01/13/21(b)

     1,000,000       998,820  

Queensland Treasury

    

0.20%, 02/02/2021(b)

     1,000,000       998,822  

0.21%, 01/21/2021(b)

     4,450,000       4,445,268  

Skandinaviska Enskilda Banken AB

    

0.13%, 09/16/2020(b)

     2,000,000       1,999,650  

0.17%, 10/14/2020(b)

     3,650,000       3,648,707  

Sumitomo Mitsui Banking Corp./New York, 0.30%, 02/04/21(b)

     1,500,000       1,497,587  

Suncor Group Ltd., 0.30%, 08/26/20(b)

     1,200,000       1,199,744  

Swedbank AB, 0.22%, 12/18/20(b)

     1,000,000       999,211  

Total Capital Canada Ltd.,
0.44%, 08/19/20(b)

     3,000,000       2,999,853  

Versailles CDS LLC, 0.25%, 11/02/20(b)

     900,000       899,452  

Virginia Electric & Power Co., 0.40%, 09/22/20(b)

     6,600,000       6,596,162  
   

 

 

  
        132,665,559  
U.S. Treasury Obligations — 13.6%            

U.S. Treasury Bill

    

0.10%, 09/01/20(b)

     11,800,000       11,799,097  

0.10%, 10/13/20(b)

     6,400,000       6,398,801  

U.S. Treasury Bills, 0.16%, 12/31/20(b)

     8,000,000       7,996,333  
   

 

 

  
      26,194,231  
Money Market Funds — 2.9%            

BlackRock Cash Funds: Treasury,
SL Agency Shares,
    0.12%(c)(d)

     5,525,095       5,525,095  
   

 

 

  

Total Short-Term Investments — 93.0%
(Costs: $178,474,684)

 

     178,490,826  
   

 

 

  

Total Investments in Securities — 93.0%
(Cost: $178,474,684)

 

     178,490,826  

Other Assets, Less Liabilities — 7.0%

 

     13,448,880  
   

 

 

  

Net Assets — 100.0%

 

   $ 191,939,706  
   

 

 

  

 

(a) 

Variable or floating rate security. Rate shown is the rate in effect as of period-end.

(b) 

Rates are discount rates or a range of discount rates at the time of purchase.

(c) 

Affiliate of the Fund.

(d) 

Annualized 7-day yield as of period-end.

 

 

 

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Consolidated Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

iShares® Commodities Select Strategy  ETF

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 31, 2020, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer     
 Value at
10/31/19		  
 		     
 Purchases
at Cost		  
 		     
 Proceeds
from Sales		  
 		     

 Net
Realized

Gain (Loss)
 

 

     


 Change in
Unrealized
Appreciation
(Depreciation)		  
 
 
 		     
 Value at
07/31/20		  
 		     

 Shares
Held at
07/31/20		  
 
 		      Income       

 Capital Gain
Distributions from
Underlying Funds		  
 
 

BlackRock Cash Funds: Institutional, SL Agency Shares(a)

    $ 5,857,749      $ —      $ (5,858,260 )(b)     $ 1,083      $ (572 )     $ —        —      $ 9,764 (c)     $ —  

BlackRock Cash Funds: Treasury,
SL Agency Shares

      74,727,000        —        (69,201,905 )(b)       —        —        5,525,095        5,525,095        728,813        —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  
            $ 1,083      $ (572 )     $ 5,525,095         $ 738,577      $ —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

 

  (a) 

As of period end, the entity is no longer held.

 
  (b) 

Represents net amount purchased (sold).

 
  (c) 

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.

 

Futures Contracts

 

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

Long Contracts

                  

Aluminum

      177          12/15/21        $ 7,923        $ (230,982 ) 

Brent Crude Oil

      628          10/31/23          31,469          3,188,566  

Cattle Feeder

      40          10/29/20          2,933          168,310  

Cocoa

      34          09/15/20          816          33,212  

Coffee

      38          03/19/21          1,755          (7,516 ) 

Copper

      64          10/19/20          10,263          15,585  

Corn

      579          12/14/21          10,494          (352,552 ) 

Cotton

      79          12/08/20          2,475          91,907  

Gasoline RBOB

      140          09/30/20          6,472          1,568,859  

Gold 100 OZ

      69          06/28/21          13,881          1,028,371  

Lead

      31          09/14/20          1,452          20,868  

Lean Hogs

      165          10/14/20          3,275          (1,025,382 ) 

Live Cattle

      189          12/31/20          8,433          293,242  

Low Sulphur Gasoil

      220          12/10/21          8,993          257,906  

Natural Gas

      256          03/29/21          6,543          837,199  

Nickel

      23          12/14/20          1,906          111,401  

NY Harb ULSD

      116          05/28/21          6,476          1,010,124  

Silver

      12          12/29/20          1,468          377,430  

Soybean

      158          03/12/21          7,075          252,294  

Sugar

      248          04/30/21          3,586          95,304  

Wheat

      261          09/14/20          6,933          223,404  

Wheat

      122          09/14/20          2,699          (136,540 ) 

WTI Crude Oil

      978          10/20/21          42,347          809,303  

Zinc

      39          12/14/20          2,266          121,717  
                 

 

 

  
                  $ 8,752,030  
                 

 

 

  

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.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of July 31, 2020. The breakdown of the Fund’s investments into major categories is disclosed in the Consolidated Schedule of Investments above.

 

 

2  

Consolidated Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

iShares® Commodities Select Strategy  ETF

 

Fair Value Measurements (continued)

 

                                                                                   
      Level 1        Level 2        Level 3        Total  

Investments

                  

Assets

                  

Certificates of Deposit

    $ —        $ 14,105,941        $ —        $ 14,105,941  

Commercial Paper

      —          132,665,559          —          132,665,559  

U.S. Treasury Obligations

      —          26,194,231          —          26,194,231  

Money Market Funds

      5,525,095          —          —          5,525,095  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 5,525,095        $ 172,965,731        $ —        $ 178,490,826  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative financial instruments(a)

                  

Assets

                  

Futures Contracts

    $ 10,505,002        $ —        $ —        $ 10,505,002  

Liabilities

                  

Futures Contracts

      (1,752,972 )         —          —          (1,752,972 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 8,752,030        $ —        $ —        $ 8,752,030  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a)

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

 

 

Portfolio Abbreviations — Fixed Income
LIBOR    London Interbank Offered Rate

 

 

  3