NPORT-EX 2 10.31_Evol_US_Tech_Part_F.htm 10.31 PART F EV US TECH
Schedule
of
Investments
(unaudited)
October
31,
2022
iShares
®
Evolved
U.S.
Technology
ETF
1
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Common
Stocks
Aerospace
&
Defense
—
0.1%
Axon
Enterprise,
Inc.
(a)
...............
367
$
53,376
L3Harris
Technologies,
Inc.
............
259
63,836
117,212
Air
Freight
&
Logistics
—
0.1%
Expeditors
International
of
Washington,
Inc.
.
572
55,970
FedEx
Corp.
......................
400
64,112
120,082
Banks
—
0.4%
JPMorgan
Chase
&
Co.
..............
2,508
315,707
Biotechnology
—
0.0%
Incyte
Corp.
(a)
.....................
451
33,527
Building
Products
—
0.0%
Allegion
plc
.......................
269
28,183
Capital
Markets
—
2.2%
Blackstone,
Inc.,
Class
A,
NVS
..........
818
74,553
Cboe
Global
Markets,
Inc.
.............
440
54,780
CME
Group,
Inc.,
Class
A
.............
1,496
259,257
Coinbase
Global,
Inc.,
Class
A
(a)
.........
1,288
85,330
FactSet
Research
Systems,
Inc.
.........
220
93,608
Interactive
Brokers
Group,
Inc.,
Class
A
....
264
21,160
Intercontinental
Exchange,
Inc.
.........
2,552
243,895
Invesco
Ltd.
......................
1,036
15,872
MarketAxess
Holdings,
Inc.
............
132
32,213
Moody's
Corp.
.....................
572
151,506
MSCI,
Inc.
.......................
528
247,558
Nasdaq,
Inc.
......................
1,452
90,372
Robinhood
Markets,
Inc.,
Class
A
(a)
.......
3,611
42,176
S&P
Global,
Inc.
...................
1,616
519,140
SEI
Investments
Co.
.................
528
28,670
Tradeweb
Markets,
Inc.,
Class
A
.........
1,278
70,392
2,030,482
Commercial
Services
&
Supplies
—
0.1%
(a)
Copart,
Inc.
.......................
528
60,730
KAR
Auction
Services,
Inc.
............
396
5,754
66,484
Communications
Equipment
—
2.5%
Arista
Networks,
Inc.
(a)
...............
2,112
255,256
Ciena
Corp.
(a)
.....................
1,056
50,582
Cisco
Systems,
Inc.
.................
35,182
1,598,318
CommScope
Holding
Co.,
Inc.
(a)
.........
704
9,321
F5,
Inc.
(a)
........................
572
81,745
Juniper
Networks,
Inc.
...............
3,124
95,595
Lumentum
Holdings,
Inc.
(a)
............
264
19,655
Motorola
Solutions,
Inc.
..............
704
175,796
2,286,268
Consumer
Finance
—
0.0%
Discover
Financial
Services
............
352
36,770
Diversified
Consumer
Services
—
0.0%
(a)
2U,
Inc.
.........................
308
1,907
Chegg,
Inc.
.......................
1,185
25,560
27,467
Electrical
Equipment
—
0.1%
Rockwell
Automation,
Inc.
.............
176
44,933
Sunrun,
Inc.
(a)
.....................
914
20,574
65,507
Security
Shares
Shares
Value
Electronic
Equipment,
Instruments
&
Components
—
0.7%
CDW
Corp.
.......................
968
$
167,280
Cognex
Corp.
.....................
880
40,682
Coherent
Corp.
(a)(b)
..................
79
2,655
Flex
Ltd.
(a)
........................
2,551
49,949
Keysight
Technologies,
Inc.
(a)
...........
924
160,915
National
Instruments
Corp.
............
836
31,919
TD
SYNNEX
Corp.
..................
176
16,106
Trimble,
Inc.
(a)
.....................
1,144
68,823
Zebra
Technologies
Corp.,
Class
A
(a)
......
352
99,693
638,022
Entertainment
—
1.1%
Activision
Blizzard,
Inc.
...............
4,297
312,822
Electronic
Arts,
Inc.
.................
1,628
205,063
Netflix,
Inc.
(a)(b)
.....................
1,086
316,982
Roku,
Inc.,
Class
A
(a)
................
589
32,713
Take-Two
Interactive
Software,
Inc.
(a)
......
724
85,779
953,359
Equity
Real
Estate
Investment
Trusts
(REITs)
—
0.4%
Digital
Realty
Trust,
Inc.
..............
833
83,508
Equinix,
Inc.
......................
343
194,289
Iron
Mountain,
Inc.
..................
1,188
59,483
337,280
Health
Care
Equipment
&
Supplies
—
0.1%
Align
Technology,
Inc.
(a)
...............
274
53,238
Health
Care
Technology
—
0.2%
(a)
Teladoc
Health,
Inc.
(b)
................
721
21,371
Veeva
Systems,
Inc.,
Class
A
...........
1,177
197,665
219,036
Hotels,
Restaurants
&
Leisure
—
0.7%
(a)
Airbnb,
Inc.,
Class
A
.................
1,959
209,437
Booking
Holdings,
Inc.
...............
180
336,506
Expedia
Group,
Inc.
.................
572
53,465
599,408
Household
Durables
—
0.0%
Garmin
Ltd.
.......................
397
34,952
Household
Products
—
0.2%
Procter
&
Gamble
Co.
(The)
...........
1,299
174,936
Insurance
—
0.5%
Aon
plc,
Class
A
...................
573
161,294
Marsh
&
McLennan
Cos.,
Inc.
..........
1,188
191,850
Willis
Towers
Watson
plc
..............
400
87,284
440,428
Interactive
Media
&
Services
—
11.7%
(a)
Alphabet,
Inc.,
Class
A
...............
44,900
4,243,499
Alphabet,
Inc.,
Class
C,
NVS
...........
43,765
4,142,795
IAC,
Inc.
.........................
473
23,026
Match
Group,
Inc.
..................
1,353
58,450
Meta
Platforms,
Inc.,
Class
A
...........
19,587
1,824,725
Pinterest,
Inc.,
Class
A
...............
2,439
59,999
Snap,
Inc.,
Class
A,
NVS
..............
7,618
75,494
Ziff
Davis,
Inc.
.....................
308
23,836
ZoomInfo
Technologies,
Inc.
...........
2,594
115,511
10,567,335
Internet
&
Direct
Marketing
Retail
—
5.7%
Amazon.com,
Inc.
(a)
.................
44,344
4,542,599
DoorDash,
Inc.,
Class
A
(a)
.............
1,949
84,840
eBay,
Inc.
........................
4,682
186,531
Etsy,
Inc.
(a)
.......................
767
72,029
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2022
iShares
®
Evolved
U.S.
Technology
ETF
2
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Internet
&
Direct
Marketing
Retail
(continued)
MercadoLibre,
Inc.
(a)
.................
249
$
224,504
5,110,503
IT
Services
—
13.7%
Accenture
plc,
Class
A
...............
4,701
1,334,614
Akamai
Technologies,
Inc.
(a)
............
1,320
116,596
Automatic
Data
Processing,
Inc.
.........
3,282
793,259
Block,
Inc.,
Class
A
(a)
................
3,156
189,581
Broadridge
Financial
Solutions,
Inc.
......
616
92,437
Cloudflare,
Inc.,
Class
A
(a)
.............
1,671
94,111
Cognizant
Technology
Solutions
Corp.,
Class
A
4,227
263,131
Concentrix
Corp.
...................
280
34,224
DXC
Technology
Co.
(a)
...............
2,464
70,840
EPAM
Systems,
Inc.
(a)
................
352
123,200
Fidelity
National
Information
Services,
Inc.
..
3,214
266,730
Fiserv,
Inc.
(a)
......................
3,816
392,056
FleetCor
Technologies,
Inc.
(a)
...........
440
81,893
Gartner,
Inc.
(a)
.....................
704
212,552
Genpact
Ltd.
......................
1,012
49,082
Global
Payments,
Inc.
...............
1,449
165,563
GoDaddy,
Inc.,
Class
A
(a)
..............
1,012
81,365
International
Business
Machines
Corp.
....
9,134
1,263,141
Jack
Henry
&
Associates,
Inc.
..........
528
105,104
Kyndryl
Holdings,
Inc.
(a)
...............
1,826
17,657
Mastercard,
Inc.,
Class
A
..............
6,088
1,997,960
MongoDB,
Inc.,
Class
A
(a)
.............
438
80,167
Okta,
Inc.,
Class
A
(a)
.................
1,713
96,133
Paychex,
Inc.
.....................
2,022
239,223
PayPal
Holdings,
Inc.
(a)
...............
8,305
694,132
Sabre
Corp.
(a)(b)
....................
1,364
7,925
Snowflake,
Inc.,
Class
A
(a)
.............
3,333
534,280
SS&C
Technologies
Holdings,
Inc.
.......
1,144
58,824
Twilio,
Inc.,
Class
A
(a)(b)
...............
1,963
145,988
VeriSign,
Inc.
(a)
....................
788
157,962
Visa,
Inc.,
Class
A
..................
12,772
2,645,847
Western
Union
Co.
(The)
.............
1,716
23,183
12,428,760
Leisure
Products
—
0.0%
Peloton
Interactive,
Inc.,
Class
A
(a)
.......
1,177
9,887
Life
Sciences
Tools
&
Services
—
0.5%
10X
Genomics,
Inc.,
Class
A
(a)
..........
342
9,296
Agilent
Technologies,
Inc.
.............
702
97,122
Avantor,
Inc.
(a)
.....................
2,708
54,620
Charles
River
Laboratories
International,
Inc.
(a)
256
54,336
Illumina,
Inc.
(a)
.....................
481
110,062
IQVIA
Holdings,
Inc.
(a)
................
484
101,480
Mettler-Toledo
International,
Inc.
(a)
.......
43
54,392
481,308
Media
—
0.4%
Interpublic
Group
of
Cos.,
Inc.
(The)
......
2,591
77,186
Omnicom
Group,
Inc.
................
1,276
92,829
Trade
Desk,
Inc.
(The),
Class
A
(a)
........
3,555
189,268
359,283
Pharmaceuticals
—
0.1%
Zoetis,
Inc.,
Class
A
.................
351
52,924
Professional
Services
—
0.8%
Booz
Allen
Hamilton
Holding
Corp.
.......
576
62,697
CACI
International,
Inc.,
Class
A
(a)
.......
132
40,132
Clarivate
plc
(a)
.....................
2,884
29,792
CoStar
Group,
Inc.
(a)
.................
2,665
220,449
Equifax,
Inc.
......................
616
104,436
Korn
Ferry
.......................
352
19,568
Security
Shares
Shares
Value
Professional
Services
(continued)
Robert
Half
International,
Inc.
...........
484
$
37,007
TransUnion
.......................
1,056
62,589
Upwork,
Inc.
(a)
.....................
2,366
31,823
Verisk
Analytics,
Inc.
.................
660
120,668
729,161
Real
Estate
Management
&
Development
—
0.1%
(a)
CBRE
Group,
Inc.,
Class
A
............
919
65,194
Jones
Lang
LaSalle,
Inc.
..............
176
28,000
Zillow
Group,
Inc.,
Class
C,
NVS
........
616
19,009
112,203
Road
&
Rail
—
0.3%
(a)
Lyft,
Inc.,
Class
A
...................
1,676
24,537
Uber
Technologies,
Inc.
...............
9,676
257,091
281,628
Semiconductors
&
Semiconductor
Equipment
—
11.5%
Advanced
Micro
Devices,
Inc.
(a)
.........
13,046
783,543
Analog
Devices,
Inc.
.................
2,764
394,202
Applied
Materials,
Inc.
...............
3,793
334,884
Broadcom,
Inc.
....................
2,838
1,334,200
Enphase
Energy,
Inc.
(a)
...............
622
190,954
Intel
Corp.
.......................
20,834
592,311
KLA
Corp.
........................
748
236,705
Lam
Research
Corp.
................
624
252,583
Lattice
Semiconductor
Corp.
(a)(b)
.........
1,074
52,100
Marvell
Technology,
Inc.
..............
6,380
253,158
Microchip
Technology,
Inc.
.............
2,816
173,860
Micron
Technology,
Inc.
...............
6,740
364,634
Monolithic
Power
Systems,
Inc.
.........
264
89,615
NVIDIA
Corp.
.....................
22,374
3,019,819
NXP
Semiconductors
NV
.............
1,667
243,515
ON
Semiconductor
Corp.
(a)
............
2,375
145,896
Qorvo,
Inc.
(a)
......................
663
57,071
QUALCOMM,
Inc.
..................
6,758
795,146
Silicon
Laboratories,
Inc.
(a)
.............
308
35,395
Skyworks
Solutions,
Inc.
..............
973
83,688
SolarEdge
Technologies,
Inc.
(a)
..........
235
54,057
Synaptics,
Inc.
(a)
...................
550
48,730
Teradyne,
Inc.
.....................
1,007
81,919
Texas
Instruments,
Inc.
...............
4,316
693,279
Wolfspeed,
Inc.
(a)
...................
748
58,905
10,370,169
Software
—
28.6%
ACI
Worldwide,
Inc.
(a)
................
880
21,410
Adobe,
Inc.
(a)
......................
4,362
1,389,297
Alteryx,
Inc.,
Class
A
(a)
...............
661
32,211
ANSYS,
Inc.
(a)
.....................
616
136,235
Appian
Corp.,
Class
A
(a)
..............
520
25,386
Aspen
Technology,
Inc.
(a)
..............
185
44,668
Autodesk,
Inc.
(a)
....................
1,845
395,383
Bentley
Systems,
Inc.,
Class
B
..........
1,320
46,570
Bill.com
Holdings,
Inc.
(a)
..............
899
119,891
Black
Knight,
Inc.
(a)
..................
616
37,250
Blackbaud,
Inc.
(a)
...................
396
21,661
Blackline,
Inc.
(a)
....................
704
39,424
Box,
Inc.,
Class
A
(a)
.................
1,188
34,511
Cadence
Design
Systems,
Inc.
(a)
........
2,156
326,397
Ceridian
HCM
Holding,
Inc.
(a)
...........
1,231
81,480
CommVault
Systems,
Inc.
(a)
............
396
24,112
Consensus
Cloud
Solutions,
Inc.
(a)
.......
105
5,895
Coupa
Software,
Inc.
(a)
...............
704
37,474
Crowdstrike
Holdings,
Inc.,
Class
A
(a)(b)
....
1,801
290,321
Datadog,
Inc.,
Class
A
(a)
..............
2,961
238,390
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2022
iShares
®
Evolved
U.S.
Technology
ETF
3
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Software
(continued)
DocuSign,
Inc.
(a)
...................
1,718
$
82,979
Dropbox,
Inc.,
Class
A
(a)
..............
2,637
57,355
Dynatrace,
Inc.
(a)
...................
1,988
70,057
Elastic
NV
(a)
......................
572
36,579
Everbridge,
Inc.
(a)
...................
397
12,438
Fair
Isaac
Corp.
(a)
...................
220
105,345
Five9,
Inc.
(a)
......................
656
39,531
Fortinet,
Inc.
(a)
.....................
7,040
402,406
Guidewire
Software,
Inc.
(a)(b)
............
572
33,983
HubSpot,
Inc.
(a)
....................
443
131,376
Intuit,
Inc.
........................
2,091
893,902
LiveRamp
Holdings,
Inc.
(a)
.............
47
863
Manhattan
Associates,
Inc.
(a)
...........
572
69,595
Microsoft
Corp.
....................
58,410
13,558,713
MicroStrategy,
Inc.,
Class
A
(a)(b)
..........
133
35,579
NCR
Corp.
(a)
......................
704
14,967
New
Relic,
Inc.
(a)
...................
396
23,459
NortonLifeLock,
Inc.
.................
4,354
98,096
Nutanix,
Inc.,
Class
A
(a)
...............
1,978
54,197
Oracle
Corp.
......................
18,282
1,427,276
Palantir
Technologies,
Inc.,
Class
A
(a)
.....
18,301
160,866
Palo
Alto
Networks,
Inc.
(a)
.............
2,640
452,998
Paycom
Software,
Inc.
(a)
..............
396
137,016
Paylocity
Holding
Corp.
(a)
.............
435
100,829
Pegasystems,
Inc.
..................
352
13,098
PTC,
Inc.
(a)
.......................
1,056
124,428
Q2
Holdings,
Inc.
(a)
..................
438
13,596
Qualys,
Inc.
(a)
.....................
352
50,181
Rapid7,
Inc.
(a)
.....................
576
26,075
RingCentral,
Inc.,
Class
A
(a)
............
612
21,738
Roper
Technologies,
Inc.
..............
131
54,305
Salesforce,
Inc.
(a)
...................
9,554
1,553,385
ServiceNow,
Inc.
(a)(b)
.................
1,940
816,236
Smartsheet,
Inc.,
Class
A
(a)
............
1,324
46,234
Splunk,
Inc.
(a)
.....................
1,633
135,719
SPS
Commerce,
Inc.
(a)
...............
693
87,678
Synopsys,
Inc.
(a)
...................
1,232
360,422
Teradata
Corp.
(a)
...................
2,068
65,328
Tyler
Technologies,
Inc.
(a)
.............
264
85,359
UiPath,
Inc.,
Class
A
(a)
...............
2,662
33,674
Unity
Software,
Inc.
(a)(b)
...............
2,133
62,923
Varonis
Systems,
Inc.
(a)
...............
1,223
32,740
Verint
Systems,
Inc.
(a)
................
528
18,707
VMware,
Inc.,
Class
A
................
1,961
220,671
Workday,
Inc.,
Class
A
(a)
..............
2,068
322,236
Workiva,
Inc.,
Class
A
(a)
...............
743
57,813
Zendesk,
Inc.
(a)
....................
748
57,364
Zoom
Video
Communications,
Inc.,
Class
A
(a)
2,134
178,061
Zscaler,
Inc.
(a)
.....................
837
128,982
25,915,324
Specialty
Retail
—
0.2%
Best
Buy
Co.,
Inc.
..................
616
42,141
Carvana
Co.,
Class
A
(a)(b)
..............
297
4,018
Home
Depot,
Inc.
(The)
..............
325
96,242
142,401
Technology
Hardware,
Storage
&
Peripherals
—
15.0%
Apple,
Inc.
.......................
83,562
12,813,397
Dell
Technologies,
Inc.,
Class
C
.........
1,760
67,584
Hewlett
Packard
Enterprise
Co.
.........
11,090
158,254
HP,
Inc.
.........................
7,254
200,356
NetApp,
Inc.
......................
2,378
164,724
Pure
Storage,
Inc.,
Class
A
(a)(b)
..........
968
29,873
Seagate
Technology
Holdings
plc
........
1,584
78,661
Security
Shares
Shares
Value
Technology
Hardware,
Storage
&
Peripherals
(continued)
Western
Digital
Corp.
(a)
...............
2,112
$
72,589
13,585,438
Total
Long-Term
Investments
—
98.0%
(Cost:
$101,421,365)
.............................
88,724,672
Short-Term
Securities
Money
Market
Funds
—
2.8%
(c)(d)
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares,
3.29%
(e)
............
1,008,787
1,008,585
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares,
2.97%
..................
1,528,820
1,528,820
Total
Short-Term
Securities
—
2.8%
(Cost:
$2,537,469)
..............................
2,537,405
Total
Investments
—
100.8%
(Cost:
$103,958,834
)
.............................
91,262,077
Liabilities
in
Excess
of
Other
Assets
—
(0.8)%
............
(727,089)
Net
Assets
—
100.0%
..............................
$
90,534,988
(a)
Non-income
producing
security.
(b)
All
or
a
portion
of
this
security
is
on
loan.
(c)
Affiliate
of
the
Fund.
(d)
Annualized
7-day
yield
as
of
period
end.
(e)
All
or
a
portion
of
this
security
was
purchased
with
the
cash
collateral
from
loaned
securities.
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2022
iShares
®
Evolved
U.S.
Technology
ETF
4
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the
period
ended
October
31,
2022
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
07/31/22
Purchases
at
Cost
Proceeds
from
Sale
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
10/31/22
Shares
Held
at
10/31/22
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
$
1,184,151
$
—
$
(175,485)
(a)
$
52
$
(133)
$
1,008,585
1,008,787
$
1,270
(b)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
........
1,310,000
218,820
(a)
—
—
—
1,528,820
1,528,820
9,203
—
$
52
$
(133)
$
2,537,405
$
10,473
$
—
—
—
(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.
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2022
iShares
®
Evolved
U.S.
Technology
ETF
5
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
the
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
.........................................
$
88,724,672
$
—
$
—
$
88,724,672
Short-Term
Securities
Money
Market
Funds
......................................
2,537,405
—
—
2,537,405
$
91,262,077
$
—
$
—
$
91,262,077
Portfolio
Abbreviation
MSCI
Morgan
Stanley
Capital
International
NVS
Non-Voting
Shares
S&P
Standard
&
Poor's