NPORT-EX 2 NPORT_2Q1W_24584955_0124.htm

 

Schedule of Investments (unaudited) iShares® Emerging Markets Dividend ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
         
Common Stocks      
           
Brazil — 13.4%      
Auren Energia SA   2,433,956   $6,474,960 
Banco Santander Brasil SA   838,056    4,846,259 
BB Seguridade Participacoes SA   875,811    6,054,523 
Cia de Saneamento de Minas Gerais Copasa MG   3,529,406    15,223,520 
Cia. Siderurgica Nacional SA   2,412,032    8,631,787 
CPFL Energia SA   1,516,969    11,102,312 
Energisa SA   780,494    7,972,873 
Grendene SA   6,266,882    8,563,457 
Telefonica Brasil SA   491,015    5,090,128 
Transmissora Alianca de Energia Eletrica SA   1,483,787    11,048,139 
Vale SA   368,192    5,035,663 
         90,043,621 
Chile — 3.2%      
CAP SA   1,185,892    8,554,938 
Colbun SA   30,031,112    4,262,105 
Empresas CMPC SA   5,298,707    8,633,621 
         21,450,664 
China — 18.7%      
Agricultural Bank of China Ltd., Class H   13,953,000    5,402,474 
Bank of China Ltd., Class H   13,390,000    5,024,867 
BBMG Corp., Class H   46,505,000    3,629,346 
China Cinda Asset Management Co. Ltd., Class H   44,789,000    4,297,348 
China Construction Bank Corp., Class H   7,866,000    4,671,328 
China Hongqiao Group Ltd.   6,142,000    4,502,788 
China Jinmao Holdings Group Ltd.   16,862,000    1,345,401 
China Merchants Port Holdings Co. Ltd.   3,280,000    4,055,313 
China Minsheng Banking Corp. Ltd., Class H   15,104,500    5,023,664 
China National Building Material Co. Ltd., Class H   6,982,000    2,462,859 
China Petroleum & Chemical Corp., Class H   13,104,000    6,816,742 
China Shenhua Energy Co. Ltd., Class H   2,402,500    9,114,326 
Chongqing Rural Commercial Bank Co. Ltd., Class H   17,518,000    6,813,425 
Huadian Power International Corp. Ltd., Class H(a)    12,810,000    6,143,247 
Industrial & Commercial Bank of China Ltd., Class H   9,393,000    4,575,610 
Kingboard Laminates Holdings Ltd.(a)    5,823,500    3,500,033 
Lonking Holdings Ltd.   46,981,000    7,603,753 
Midea Real Estate Holding Ltd.(b)    6,612,200    3,542,573 
Orient Overseas International Ltd.   503,500    7,516,346 
PICC Property & Casualty Co. Ltd., Class H   4,078,000    5,072,480 
Poly Property Group Co. Ltd.   16,256,000    2,972,906 
Shenzhen Investment Ltd.   24,606,000    3,464,514 
Sinopec Engineering Group Co. Ltd., Class H   10,207,500    5,119,731 
West China Cement Ltd.   47,730,000    3,783,857 
Yankuang Energy Group Co. Ltd., Class H   2,291,000    4,706,821 
Zhejiang Expressway Co. Ltd., Class H   5,238,000    3,891,102 
         125,052,854 
Czech Republic — 0.4%      
CEZ AS   72,058    2,729,939 
           
Greece — 1.5%      
Star Bulk Carriers Corp.   453,036    9,849,003 
           
Hong Kong — 0.8%      
SITC International Holdings Co. Ltd.(a)    3,757,000    5,700,658 
           
India — 12.4%      
Coal India Ltd.   2,754,168    13,485,401 
Hindustan Zinc Ltd.   2,218,670    8,474,702 
Indian Oil Corp. Ltd.   7,992,586    14,153,811 
Oil India Ltd.   1,692,835    8,693,237 
Security  Shares   Value 
       
India (continued)      
REC Ltd.   4,767,327   $28,638,083 
Vedanta Ltd.   3,012,095    9,944,852 
         83,390,086 
Indonesia — 5.0%      
Adaro Energy Indonesia Tbk PT   48,491,600    7,352,632 
Bukit Asam Tbk PT   41,790,900    6,912,183 
Hanjaya Mandala Sampoerna Tbk PT   48,946,100    2,714,058 
Indo Tambangraya Megah Tbk PT   4,271,300    7,318,189 
United Tractors Tbk PT   6,115,500    8,883,418 
         33,180,480 
Malaysia — 0.7%      
Malayan Banking Bhd   2,400,300    4,694,981 
           
Philippines — 0.7%      
PLDT Inc.   201,905    4,565,900 
           
Poland — 1.6%      
Grupa Kety SA   63,770    10,846,191 
           
Qatar — 0.7%      
Barwa Real Estate Co.   5,559,233    4,389,673 
           
Russia — 0.0%      
Federal Grid Co.-Rosseti PJSC(c)(d)    4,402,974,828    489 
LUKOIL PJSC(c)    124,880    14 
Magnitogorsk Iron & Steel Works PJSC(c)(d)    14,721,471    1,636 
MMC Norilsk Nickel PJSC(c)    23,712    3 
Mobile TeleSystems PJSC(c)    2,744,644    305 
Moscow Exchange MICEX-RTS PJSC(c)    2,788,700    310 
Novolipetsk Steel PJSC(c)(d)    3,457,900    384 
PhosAgro PJSC(c)    180,278    20 
PhosAgro PJSC, New(c)    3,484    35 
Rostelecom PJSC(c)    4,681,247    520 
Sberbank of Russia PJSC(c)    2,500,255    278 
Severstal PAO(c)(d)    695,941    77 
Tatneft PJSC(c)    1,165,907    129 
Unipro PJSC(c)(d)    299,242,000    33,254 
         37,454 
Singapore — 1.8%      
Riverstone Holdings Ltd./Singapore   23,411,100    12,177,978 
           
South Africa — 6.8%      
African Rainbow Minerals Ltd.   652,786    6,467,018 
Anglo American Platinum Ltd.   146,036    6,182,626 
Coronation Fund Managers Ltd.   5,021,163    8,357,479 
Exxaro Resources Ltd.   911,784    9,083,761 
Kumba Iron Ore Ltd.   252,131    7,447,241 
Truworths International Ltd.(a)    1,928,108    8,039,919 
         45,578,044 
Taiwan — 17.3%      
Asustek Computer Inc.   1,122,000    15,931,624 
Huaku Development Co. Ltd.   1,934,000    5,876,206 
Inventec Corp.   4,150,475    7,289,552 
Merry Electronics Co. Ltd.   1,277,146    4,156,764 
Novatek Microelectronics Corp.   632,000    10,295,090 
Radiant Opto-Electronics Corp.   1,500,000    6,633,510 
Simplo Technology Co. Ltd.   945,600    12,237,104 
Sitronix Technology Corp.   1,288,000    11,176,099 
Supreme Electronics Co. Ltd.   5,559,685    10,680,984 
Systex Corp.   1,529,000    5,632,480 
T3EX Global Holdings Corp.   4,492,000    12,973,907 
United Integrated Services Co. Ltd.   536,000    4,741,954 


 

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Schedule of Investments (unaudited) (continued) iShares® Emerging Markets Dividend ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Shares   Value 
      
Taiwan (continued)     
WPG Holdings Ltd.   3,020,280   $8,408,167 
         116,033,441 
Thailand — 4.3%      
Banpu PCL, NVDR(a)    24,711,600    4,313,859 
Kiatnakin Phatra Bank PCL, NVDR   1,793,900    2,461,410 
Land & Houses PCL, NVDR   15,321,700    3,306,039 
Quality Houses PCL, NVDR   59,074,400    3,696,573 
Sri Trang Agro-Industry PCL, NVDR   8,299,800    4,043,023 
Thanachart Capital PCL, NVDR   4,117,900    5,890,590 
Tisco Financial Group PCL, NVDR(a)    1,815,900    5,064,550 
         28,776,044 
United Arab Emirates — 0.6%      
Dubai Islamic Bank PJSC   2,329,260    4,007,929 
       
Total Common Stocks — 89.9%      
(Cost: $688,140,802)     602,504,940 
         
Preferred Stocks      
           
Brazil — 10.1%       
Bradespar SA, Preference Shares, NVS   1,495,478    6,879,126 
Cia. de Transmissao de Energia Eletrica Paulista,          
Preference Shares, NVS   797,869    4,124,299 
Cia. Energetica de Minas Gerais, Preference          
Shares, NVS   3,839,458    8,927,530 
Gerdau SA, Preference Shares, NVS   1,664,510    7,068,725 
Metalurgica Gerdau SA, Preference Shares, NVS   2,800,690    5,602,058 
Petroleo Brasileiro SA, Preference Shares, NVS   2,109,035    17,219,132 
Unipar Carbocloro SA, Class B, Preference Shares, NVS   664,759    9,431,195 
Usinas Siderurgicas de Minas Gerais SA Usiminas, Class A, Preference Shares, NVS   4,516,249    8,377,266 
         67,629,331 
Security  Shares   Value 
           
Russia — 0.0%          
Transneft PJSC, Preference Shares, NVS(c)    5,767   $1 
           
Total Preferred Stocks — 10.1%          
(Cost: $79,955,460)        67,629,332 
Total Long-Term Investments — 100.0%          
(Cost: $768,096,262)        670,134,272 
             
Short-Term Securities          
           
Money Market Funds — 2.1%          
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.51%(e)(f)(g)    12,452,043    12,459,514 
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.32%(e)(f)    1,540,000    1,540,000 
           
Total Short-Term Securities — 2.1%          
(Cost: $13,995,162)        13,999,514 
           
Total Investments — 102.1%          
(Cost: $782,091,424)        684,133,786 
           
Liabilities in Excess of Other Assets — (2.1)%        (14,103,242)
           
Net Assets — 100.0%       $670,030,544 

 

(a) All or a portion of this security is on loan.
(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) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(d) Non-income producing security.
(e) Affiliate of the Fund.
(f) Annualized 7-day yield as of period end.
(g) 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 January 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer  Value at
04/30/23		   Purchases
at Cost		   Proceeds
from Sale		   Net Realized
Gain (Loss)		   Change in
Unrealized
Appreciation
(Depreciation)		   Value at
01/31/24		   Shares
Held at
01/31/24		   Income   Capital
Gain
Distributions
from
Underlying
Funds		 
BlackRock Cash Funds: Institutional, SL Agency Shares  $11,594,244   $861,718(a)   $—   $5,288   $(1,736)  $12,459,514    12,452,043   $161,051(b)   $— 
BlackRock Cash Funds: Treasury, SL Agency Shares   1,270,000    270,000(a)    —    —    —    1,540,000    1,540,000    67,736    — 
                  $5,288   $(1,736)  $13,999,514        $228,787   $— 

 

(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.

 

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Schedule of Investments (unaudited) (continued) iShares® Emerging Markets Dividend ETF
January 31, 2024

 

Derivative Financial Instruments Outstanding as of Period End

 

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  $173,667,707   $428,799,779   $37,454   $602,504,940 
Preferred Stocks   67,629,331    —    1    67,629,332 
Short-Term Securities                    
Money Market Funds   13,999,514    —    —    13,999,514 
   $255,296,552   $428,799,779   $37,455   $684,133,786 

 

Portfolio Abbreviation
 
NVDR Non-Voting Depositary Receipt
NVS Non-Voting Shares
PJSC Public Joint Stock Company

 

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