NPORT-EX 2 iShsDevRealEstateIndxFd.htm EX-DEVREALEST

Schedule of Investments  (unaudited)

October 31, 2019

   

iShares Developed Real Estate Index Fund

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks — 98.9%

 

Equity Real Estate Investment Trusts (REITs) — 80.4%  

Acadia Realty Trust

     81,089     $ 2,268,870  

Activia Properties, Inc.

     672       3,545,551  

Advance Residence Investment Corp.

     1,218       4,047,506  

Aedifica SA

     24,069       2,893,799  

AEON REIT Investment Corp.

     1,461       2,102,411  

Agree Realty Corp.

     39,747       3,130,871  

Alexander’s, Inc.

     2,011       694,599  

Alexandria Real Estate Equities, Inc.

     108,069       17,155,954  

Allied Properties Real Estate Investment Trust

     112,582       4,579,868  

alstria office REIT-AG

     155,021       2,904,634  

American Assets Trust, Inc.

     45,581       2,231,646  

American Campus Communities, Inc.

     133,016       6,648,140  

American Finance Trust, Inc.

     100,817       1,492,092  

American Homes 4 Rent, Class A

     250,200       6,622,794  

Americold Realty Trust

     185,858       7,451,047  

Apartment Investment & Management Co., Class A

     143,059       7,851,078  

Apple Hospitality REIT, Inc.

     204,039       3,362,563  

Aritis REIT

     120,272       1,132,316  

Ascencio

     5,731       380,950  

Ascendas Real Estate Investment Trust

     2,436,771       5,675,363  

Assura PLC

     2,328,212       2,255,856  

AvalonBay Communities, Inc.

     134,839       29,349,057  

Befimmo SA

     20,267       1,310,130  

Big Yellow Group PLC

     151,078       2,235,916  

BMO Real Estate Investments Ltd.

     272,150       302,470  

Boardwalk REIT

     36,094       1,197,013  

Boston Properties, Inc.

     149,720       20,541,584  

Brandywine Realty Trust

     170,537       2,605,805  

British Land Co. PLC

     895,720       7,201,708  

Brixmor Property Group, Inc.

     285,316       6,282,658  

Brookfield Property REIT, Inc., Class A

     69,907       1,321,242  

BWP Trust

     462,402       1,322,027  

Camden Property Trust

     89,729       10,262,306  

Canadian Apartment Properties REIT

     154,797       6,445,272  

CapitaLand Commercial Trust(a)

     2,438,518       3,672,367  

CapitaLand Mall Trust

     2,319,100       4,327,078  

CDL Hospitality Trusts(a)(b)

     744,600       897,256  

Champion REIT

     1,863,000       1,234,745  

Charter Hall Retail REIT

     348,987       1,060,317  

Chartwell Retirement Residences(a)

     208,165       2,329,627  

Chatham Lodging Trust

     43,273       781,078  

Choice Properties Real Estate Investment
Trust(a)

     249,427       2,632,325  

Civitas Social Housing PLC

     591,940       651,754  

Cofinimmo SA

     24,810       3,669,120  

Colony Capital, Inc.

     466,726       2,613,666  

Columbia Property Trust, Inc.

     114,170       2,342,768  

Comforia Residential REIT, Inc.

     579       1,887,286  

Cominar Real Estate Investment Trust

     180,059       1,835,998  

Corporate Office Properties Trust

     106,152       3,146,345  

Cousins Properties, Inc.

     140,182       5,625,504  
Security   Shares     Value  
Equity Real Estate Investment Trusts (REITs) (continued)  

Covivio

     44,627     $ 5,053,973  

Crombie Real Estate Investment Trust

     83,830       1,006,902  

Cromwell Property Group

     2,294,223       2,096,332  

CubeSmart

     186,677       5,917,661  

Custodian REIT PLC

     381,601       568,453  

CyrusOne, Inc.

     108,285       7,718,555  

Daiwa House REIT Investment Corp.

     1,802       5,247,069  

Daiwa Office Investment Corp.

     271       2,159,056  

Derwent London PLC

     97,239       4,471,529  

Dexus

     1,062,594       8,762,648  

DiamondRock Hospitality Co.

     189,915       1,895,352  

Digital Realty Trust, Inc.

     201,207       25,561,337  

Douglas Emmett, Inc.

     161,274       6,986,390  

Dream Global Real Estate Investment Trust

     177,803       2,251,730  

Dream Industrial Real Estate Investment Trust

     103,465       1,055,781  

Dream Office Real Estate Investment Trust

     44,734       995,146  

Duke Realty Corp.

     347,942       12,226,682  

Easterly Government Properties, Inc.

     75,008       1,674,179  

EastGroup Properties, Inc.

     35,626       4,772,103  

Empire State Realty Trust, Inc., Class A

     145,861       2,110,609  

Empiric Student Property PLC

     557,064       678,297  

EPR Properties

     73,965       5,753,737  

Equity Commonwealth

     116,371       3,744,819  

Equity LifeStyle Properties, Inc.

     167,819       11,737,261  

Equity Residential

     354,264       31,409,046  

Essex Property Trust, Inc.(a)

     63,355       20,725,321  

Eurocommercial Properties NV CVA

     45,713       1,458,134  

Extra Space Storage, Inc.

     119,656       13,433,779  

Federal Realty Investment Trust

     72,326       9,837,059  

First Industrial Realty Trust, Inc.

     120,926       5,092,194  

Fortune Real Estate Investment Trust

     1,268,000       1,487,504  

Four Corners Property Trust, Inc.

     64,597       1,850,704  

Franklin Street Properties Corp.

     98,171       844,271  

Frasers Centrepoint Trust

     672,100       1,358,242  

Frasers Logistics & Industrial Trust

     1,567,300       1,450,506  

Frontier Real Estate Investment Corp.

     439       1,959,874  

Fukuoka REIT Corp.

     686       1,176,894  

Gaming and Leisure Properties, Inc.

     195,942       7,908,219  

GCP Student Living PLC

     390,328       884,820  

Gecina SA

     50,201       8,617,953  

Getty Realty Corp.

     31,468       1,055,437  

Global Net Lease, Inc.

     83,789       1,632,210  

Global One Real Estate Investment Corp.

     911       1,235,025  

GLP J-REIT

     3,499       4,562,082  

GPT Group

     1,880,669       7,719,636  

Granite Real Estate Investment Trust

     48,493       2,401,271  

Great Portland Estates PLC

     258,466       2,636,916  

Green REIT PLC

     658,639       1,401,019  

H&R Real Estate Investment Trust

     276,024       4,669,209  

Hamborner REIT AG

     65,887       709,118  
 

 

 

     1  

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

iShares Developed Real Estate Index Fund

(Percentages shown are based on Net Assets)

 

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

Hammerson PLC

     751,339     $ 2,822,506  

Hansteen Holdings PLC

     425,066       564,412  

Healthcare Realty Trust, Inc.

     123,047       4,278,344  

Healthcare Trust of America, Inc., Class A

     198,515       6,153,965  

Healthpeak Properties, Inc.

     476,132       17,912,086  

Hersha Hospitality Trust

     36,225       499,905  

Hibernia REIT PLC

     661,041       1,029,213  

Highwoods Properties, Inc.

     98,539       4,611,625  

Host Hotels & Resorts, Inc.

     700,613       11,483,047  

Hudson Pacific Properties, Inc.

     146,338       5,256,461  

Hulic REIT, Inc.

     1,090       2,079,396  

ICADE

     31,129       3,048,255  

Immobiliare Grande Distribuzione SIIQ SpA

     48,799       313,491  

Impact Healthcare Reit PLC

     203,200       284,272  

Independence Realty Trust, Inc.

     84,855       1,306,767  

Industrial & Infrastructure Fund Investment Corp.

     1,619       2,534,716  

Industrial Logistics Properties Trust

     61,121       1,298,210  

Innovative Industrial Properties, Inc.

     10,191       774,516  

InterRent Real Estate Investment Trust

     111,460       1,321,001  

Intervest Offices & Warehouses NV

     20,170       609,791  

Intu Properties PLC(a)(c)

     891,053       519,402  

Invesco Office J-REIT, Inc.

     8,255       1,666,571  

Investors Real Estate Trust

     10,985       831,235  

Invincible Investment Corp.

     4,770       3,012,033  

Invitation Homes, Inc.

     461,534       14,210,632  

Irish Residential Properties REIT PLC

     425,343       833,020  

Japan Excellent, Inc.

     1,139       1,960,738  

Japan Hotel REIT Investment Corp.

     4,347       3,610,759  

Japan Logistics Fund, Inc.

     850       2,162,191  

Japan Prime Realty Investment Corp.

     822       3,950,532  

Japan Real Estate Investment Corp.

     1,260       8,600,514  

Japan Rental Housing Investments, Inc.

     1,423       1,365,152  

Japan Retail Fund Investment Corp.

     2,528       5,899,213  

JBG SMITH Properties

     117,847       4,744,520  

Kenedix Office Investment Corp.

     369       2,890,768  

Kenedix Residential Next Investment Corp.

     849       1,749,259  

Kenedix Retail REIT Corp.

     483       1,331,057  

Keppel DC REIT

     1,054,391       1,548,672  

Keppel REIT

     1,875,300       1,666,982  

Killam Apartment Real Estate Investment Trust

     80,188       1,187,813  

Kilroy Realty Corp.

     95,878       8,047,041  

Kimco Realty Corp.

     391,898       8,449,321  

Kite Realty Group Trust

     78,137       1,392,401  

Kiwi Property Group Ltd.

     1,362,264       1,388,073  

Klepierre SA

     185,825       6,926,670  

Land Securities Group PLC

     693,115       8,442,498  

Lar Espana Real Estate Socimi SA

     69,302       627,615  

LaSalle Logiport REIT(c)

     1,206       1,795,284  

Leasinvest Real Estate SCA

     2,422       318,748  
Security   Shares     Value  
Equity Real Estate Investment Trusts (REITs) (continued)  

Lexington Realty Trust

     223,694     $ 2,433,791  

Liberty Property Trust

     151,259       8,934,869  

Life Storage, Inc.

     44,745       4,873,625  

Link REIT

     2,044,500       22,267,468  

LondonMetric Property PLC

     780,726       2,344,225  

LTC Properties, Inc.

     38,677       2,005,402  

LXI REIT PLC

     508,361       825,766  

Macerich Co.

     136,546       3,755,015  

Mack-Cali Realty Corp.

     85,408       1,829,439  

Mapletree Commercial Trust

     1,863,910       3,190,420  

Mapletree Industrial Trust

     1,381,000       2,586,844  

Mapletree Logistics Trust(a)

     2,373,770       2,929,956  

MCUBS MidCity Investment Corp.

     1,450       1,681,656  

Medical Properties Trust, Inc.

     428,379       8,880,297  

Mercialys SA

     58,255       812,443  

Merlin Properties Socimi SA

     320,842       4,723,058  

Mid-America Apartment Communities, Inc.

     109,930       15,279,171  

Mirvac Group

     3,804,857       8,431,097  

Mitsui Fudosan Logistics Park, Inc.

     333       1,389,170  

Monmouth Real Estate Investment Corp.

     87,131       1,313,935  

Montea SCA

     11,335       1,027,788  

Mori Hills REIT Investment Corp.

     1,516       2,505,607  

Mori Trust Sogo REIT, Inc.

     942       1,714,075  

National Health Investors, Inc.

     40,434       3,468,833  

National Retail Properties, Inc.

     157,190       9,260,063  

National Storage Affiliates Trust

     55,959       1,912,119  

NewRiver REIT PLC

     285,836       744,218  

Nippon Accommodations Fund, Inc.

     436       2,743,413  

Nippon Building Fund, Inc.

     1,231       9,339,112  

Nippon Prologis REIT, Inc.

     1,954       5,458,075  

NIPPON REIT Investment Corp.

     411       1,784,971  

Nomura Real Estate Master Fund, Inc.

     4,209       8,045,748  

Northview Apartment Real Estate Investment Trust

     45,155       989,426  

NorthWest Healthcare Properties Real Estate Investment Trust

     97,238       882,975  

NSI NV

     16,907       772,168  

Office Properties Income Trust

     44,988       1,434,217  

Omega Healthcare Investors, Inc.

     207,164       9,123,503  

Orix J-REIT, Inc.

     2,536       5,734,194  

Paramount Group, Inc.

     196,949       2,652,903  

Park Hotels & Resorts, Inc.

     229,320       5,331,690  

Pebblebrook Hotel Trust

     125,553       3,227,968  

Physicians Realty Trust

     179,651       3,354,084  

Picton Property Income Ltd.(c)

     493,454       593,429  

Piedmont Office Realty Trust, Inc., Class A

     121,909       2,735,638  

Premier Investment Corp.

     1,203       1,805,781  

Primary Health Properties PLC

     1,064,920       1,950,534  

Prologis, Inc.

     608,443       53,396,958  

PS Business Parks, Inc.

     19,306       3,485,698  

Public Storage

     143,416       31,961,690  

QTS Realty Trust, Inc., Class A

     53,151       2,848,362  
 

 

 

2   

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

iShares Developed Real Estate Index Fund

(Percentages shown are based on Net Assets)

 

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

RDI REIT PLC

     261,942     $ 438,164  

Realty Income Corp.

     308,251       25,211,849  

Regency Centers Corp.

     161,050       10,829,002  

Regional REIT Ltd.(d)

     369,450       504,480  

Retail Estates NV

     9,886       943,831  

Retail Opportunity Investments Corp.

     110,598       2,064,312  

Retail Properties of America, Inc., Class A

     208,222       2,865,135  

Retail Value, Inc.

     14,066       514,956  

Rexford Industrial Realty, Inc.

     105,088       5,053,682  

RioCan Real Estate Investment Trust

     298,577       5,991,489  

RLJ Lodging Trust

     167,252       2,744,605  

RPT Realty

     73,647       1,067,882  

Ryman Hospitality Properties, Inc.

     44,260       3,725,364  

Sabra Health Care REIT, Inc.

     181,715       4,470,189  

Safestore Holdings PLC

     194,379       1,763,781  

Saul Centers, Inc.

     11,205       599,916  

Scentre Group

     4,955,080       13,092,042  

Schroder Real Estate Investment Trust Ltd.

     562,794       402,416  

Segro PLC

     1,057,782       11,571,400  

Sekisui House REIT, Inc.

     3,885       3,585,584  

Senior Housing Properties Trust

     232,066       2,303,255  

Seritage Growth Properties, Class A

     31,800       1,382,982  

Service Properties Trust

     157,493       3,984,573  

Shaftesbury PLC

     218,708       2,677,218  

Shopping Centres Australasia Property Group

     880,357       1,632,994  

Simon Property Group, Inc.

     297,812       44,874,312  

SITE Centers Corp.

     137,802       2,140,065  

SL Green Realty Corp.

     79,936       6,682,650  

SmartCentres Real Estate Investment Trust

     122,719       2,966,649  

Spirit Realty Capital, Inc.

     86,559       4,314,101  

STAG Industrial, Inc.

     123,356       3,828,970  

Standard Life Investment Property Income Trust Ltd.

     426,390       487,702  

Stockland

     2,325,072       7,849,375  

STORE Capital Corp.

     204,064       8,264,592  

Summit Hotel Properties, Inc.

     97,623       1,196,858  

Summit Industrial Income REIT

     96,558       936,915  

Sun Communities, Inc.

     85,696       13,938,454  

Sunstone Hotel Investors, Inc.

     217,692       2,941,019  

Suntec Real Estate Investment Trust(a)

     2,004,600       2,738,499  

Tanger Factory Outlet Centers, Inc.

     86,169       1,389,044  

Target Healthcare REIT PLC(c)

     348,982       506,300  

Taubman Centers, Inc.

     57,563       2,059,604  

Terreno Realty Corp.

     62,396       3,519,758  

Tokyu REIT, Inc.

     836       1,610,223  

Triple Point Social Housing REIT PLC(d)

     277,519       318,503  

Tritax Big Box REIT PLC

     1,665,170       3,243,312  

UDR, Inc.

     280,815       14,110,954  

Unibail-Rodamco-Westfield

     130,669       20,206,171  
Security   Shares     Value  
Equity Real Estate Investment Trusts (REITs) (continued)  

United Urban Investment Corp.

     2,860     $ 5,769,849  

Universal Health Realty Income Trust

     12,091       1,441,610  

Urban Edge Properties

     112,550       2,375,930  

Urstadt Biddle Properties, Inc., Class A

     27,888       678,515  

Vastned Retail NV

     16,294       488,845  

Ventas, Inc.

     360,609       23,475,646  

VEREIT, Inc.

     1,023,518       10,071,417  

VICI Properties, Inc.

     447,364       10,535,422  

Vicinity Centres

     3,019,565       5,558,180  

Vornado Realty Trust

     167,453       10,989,940  

Warehouses De Pauw CVA

     17,446       3,233,840  

Washington Prime Group, Inc.

     176,185       743,501  

Washington Real Estate Investment Trust

     75,644       2,346,477  

Weingarten Realty Investors

     117,410       3,725,419  

Welltower, Inc.

     392,516       35,597,276  

Wereldhave Belgium NV

     2,305       206,175  

Wereldhave NV

     38,303       906,691  

Workspace Group PLC

     126,316       1,660,778  

WP Carey, Inc.

     163,622       15,063,041  

Xenia Hotels & Resorts, Inc.

     106,897       2,250,182  

Xior Student Housing NV

     15,378       908,696  
   

 

 

  
      1,327,130,515  
Hotels, Restaurants & Leisure — 0.1%  

Pandox AB

     71,264       1,426,085  
   

 

 

  
Real Estate Management & Development — 18.4%  

ADO Properties SA(d)

     27,703       1,127,746  

Aeon Mall Co. Ltd.

     117,600       1,881,486  

Allreal Holding AG, Registered Shares(c)

     13,761       2,681,058  

Aroundtown SA

     854,687       7,224,314  

Atrium Ljungberg AB, -B Shares

     43,799       871,834  

Azrieli Group Ltd.

     34,868       2,687,563  

CA Immobilien Anlagen AG

     67,600       2,604,825  

Capital & Counties Properties PLC

     724,037       2,393,047  

CapitaLand Ltd.

     2,434,900       6,435,981  

CareTrust REIT, Inc.

     90,040       2,182,570  

Carmila SA

     29,163       567,244  

Castellum AB

     259,793       5,309,036  

Catena AB

     19,563       716,586  

City Developments Ltd.

     456,300       3,613,527  

Citycon OYJ(c)

     72,952       764,002  

CK Asset Holdings Ltd.

     2,608,000       18,145,703  

Deutsche Euroshop AG

     48,549       1,453,055  

Deutsche Wohnen SE, Bearer Shares

     346,580       13,066,902  

Dios Fastigheter AB

     79,962       666,145  

Entra ASA(d)

     134,656       2,016,497  

Essential Properties Realty Trust, Inc.

     71,685       1,839,437  

F&C Commercial Property Trust Ltd.

     500,306       760,836  

Fabege AB

     255,665       3,818,217  

Fastighets AB Balder, B Shares(c)

     94,287       3,656,866  

First Capital Realty, Inc.

     131,139       2,170,549  
 

 

 

     3  

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

iShares Developed Real Estate Index Fund

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Real Estate Management & Development (continued)  

Grainger PLC

     571,419     $ 1,900,802  

Grand City Properties SA

     108,119       2,531,212  

Hang Lung Properties Ltd.

     1,961,000       4,310,673  

Helical PLC

     91,020       461,589  

Hembla AB(c)

     34,042       758,001  

Hemfosa Fastigheter AB

     153,165       1,577,541  

Hiag Immobilien Holding AG

     2,855       305,324  

Hongkong Land Holdings Ltd.

     1,116,400       6,132,825  

Hufvudstaden AB, A Shares

     108,505       1,815,735  

Hulic Co. Ltd.

     349,800       3,797,690  

Hysan Development Co. Ltd.

     607,000       2,392,335  

Inmobiliaria Colonial Socimi SA

     315,109       4,071,941  

Kennedy-Wilson Holdings, Inc.

     119,388       2,747,118  

Klovern AB, B Shares

     478,834       836,387  

Kojamo OYJ

     82,424       1,388,105  

Kungsleden AB

     188,007       1,708,470  

LEG Immobilien AG

     61,487       7,062,633  

Mitsubishi Estate Co. Ltd.

     1,145,400       22,238,360  

Mitsui Fudosan Co. Ltd.

     911,000       23,305,959  

Mobimo Holding AG, Registered Shares(c)

     6,144       1,731,406  

New World Development Co. Ltd.

     5,557,029       7,948,971  

Nomura Real Estate Holdings, Inc.

     112,600       2,668,549  

Nyfosa AB(c)

     151,574       1,012,513  

Phoenix Spree Deutschland Ltd.

     83,812       345,782  

PSP Swiss Property AG, Registered Shares

     37,896       5,016,103  

Sagax AB, Class D

     94,222       357,637  

Sino Land Co. Ltd.(a)

     3,089,405       4,618,249  

Sirius Real Estate Ltd.

     892,862       850,078  

Sumitomo Realty & Development Co. Ltd.

     382,800       13,894,965  

Sun Hung Kai Properties Ltd.

     1,378,000       20,881,257  

Swire Properties Ltd.

     1,026,200       3,227,450  

Swiss Prime Site AG, Registered Shares(c)

     72,930       7,517,029  

TAG Immobilien AG(c)

     123,414       2,999,172  

TLG Immobilien AG

     90,993       2,663,967  

Tokyo Tatemono Co. Ltd.

     193,700       2,755,862  

UK Commercial Property REIT Ltd.

     610,227       693,231  
Security   Shares     Value  
Real Estate Management & Development (continued)  

UNITE Group PLC

     277,942     $ 4,048,135  

UOL Group Ltd.

     482,300       2,761,592  

Vonovia SE

     526,419       28,034,363  

Wallenstam AB, B Shares

     161,896       1,773,140  

Wharf Real Estate Investment Co. Ltd.

     1,186,000       6,975,724  

Wihlborgs Fastigheter AB

     131,000       1,982,067  
   

 

 

  
    302,754,968  
   

 

 

  

Total Common Stocks — 98.9%
(Cost — $1,319,129,364)

 

     1,631,311,568  
   

 

 

  

Rights — 0.0%

 

Equity Real Estate Investment Trusts (REITs) — 0.0%  

Mapletree Commercial Trust
(Expries 11/07/2019)(c)(f)

     132,337       8,755  
   

 

 

  

Total Rights — 0.0%
(Cost — $—)

 

     8,755  
   

 

 

  

Total Long-Term Investments — 98.9%
(Cost — $1,319,129,364)

 

     1,631,320,323  
   

 

 

  

Short-Term Securities — 1.6%

 

BlackRock Cash Funds: Institutional,
SL Agency Shares, 2.03%(e)(g)(h)

     17,558,991       17,567,771  

BlackRock Cash Funds: Treasury,
SL Agency Shares, 1.77%(e)(h)

     8,841,896       8,841,896  
   

 

 

  

Total Short-Term Securities — 1.6%
(Cost — $26,408,967)

 

     26,409,667  
   

 

 

  

Total Investments — 100.5%
(Cost — $1,345,538,331)

 

     1,657,729,990  

Liabilities in Excess of Other Assets — (0.5)%

 

     (7,659,476 ) 
   

 

 

  

Net Assets — 100.0%

 

   $ 1,650,070,514  
   

 

 

  
 

 

(a) 

Security, or a portion of the security, is on loan.

(b) 

A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately.

(c) 

Non-income producing security.

(d) 

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.

(e) 

Annualized 7-day yield as of period end.

(f) 

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(g) 

All or a portion of the security was purchased with the cash collateral from loaned securities.

 

 

4   

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

iShares Developed Real Estate Index Fund

 

(h) 

During the period ended October 31, 2019, investments in issuers considered to be an affiliate/affiliates of the Fund for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate    Shares
Held at
01/31/19		      Net
Activity		      Shares
Held at
10/31/19		      Value at
10/31/19		      Income      Net
Realized
Gain (Loss) (a)		      Change in
Unrealized
Appreciation
(Depreciation)		  

BlackRock Cash Funds: Institutional,
SL Agency Shares

      2,600,102        14,958,889        17,558,991      $ 17,567,771      $ 77,706 (b)     $ 1,259      $ (80 ) 

BlackRock Cash Funds: Treasury,
SL Agency Shares

      4,076,172        4,765,724        8,841,896        8,841,896        217,368        —        —  
           

 

 

     

 

 

     

 

 

     

 

 

  
            $ 26,409,667      $ 295,074      $ 1,259      $ (80 ) 
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Includes net capital gain distributions, if applicable.

 
  (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.

 

Portfolio Abbreviations

CVA     Certificaten Van Aandelen (Dutch Certificate)

REIT    Real Estate Investment Trust

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

                  

Nikkei 225 Index

      16          12/12/19        $ 1,701        $ 66,523  

SPI 200 Index

      14          12/19/19          1,602          9,090  

Dow Jones U.S. Real Estate Index

      328          12/20/19          12,136          53,297  
                 

 

 

  
                  $ 128,910  
                 

 

 

  

 

 

     5  

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

iShares Developed Real Estate Index Fund

 

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative 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)

 

  •  

Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee”) own assumptions used in determining the fair value of investments and derivative 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 Global 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 investments and derivative financial instruments is based on the pricing transparency of the investments and derivative 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 investments and derivative financial instruments, refer to the Fund’s most recent financial statements as contained in its semi-annual report.

The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

      Level 1        Level 2        Level 3        Total  

Assets:

                  

Investments:

                  

Common Stocks:

                  

Equity Real Estate Investment Trusts (REITs)

   $ 1,058,666,110        $ 268,464,405        $ —        $ 1,327,130,515  

Hotels, Restaurants & Leisure

     —          1,426,085          —          1,426,085  

Real Estate Management & Development

     29,758,370          272,996,598          —          302,754,968  

Rights

     —          —          8,755          8,755  

Short-Term Securities

     26,409,667          —          —          26,409,667  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 1,114,834,147        $ 542,887,088        $ 8,755        $ 1,657,729,990  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments(a)

                  

Assets:

                 

Equity contracts

   $ 128,910        $ —        $ —        $ 128,910  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

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

 

 

 

6