Schedule of Investments (unaudited) | iShares® Global Clean Energy ETF |
July 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks | ||||||||
Austria — 1.1% | ||||||||
Verbund AG | 570,645 | $ | 62,751,257 | |||||
Brazil — 1.9% | ||||||||
Auren Energia SA | 3,432,466 | 9,413,559 | ||||||
Centrais Eletricas Brasileiras SA, ADR(a) | 6,512,198 | 58,349,294 | ||||||
CPFL Energia SA | 2,109,252 | 13,387,417 | ||||||
EDP - Energias do Brasil SA | 2,859,092 | 11,990,935 | ||||||
Light SA | 3,409,909 | 3,525,833 | ||||||
Neoenergia SA | 1,978,875 | 5,664,200 | ||||||
Omega Energia SA(b) | 3,258,448 | 7,752,362 | ||||||
110,083,600 | ||||||||
Canada — 4.8% | ||||||||
Ballard Power Systems Inc.(a)(b) | 5,731,461 | 46,011,026 | ||||||
Boralex Inc., Class A | 1,136,553 | 41,235,604 | ||||||
Brookfield Renewable Corp., Class A | 1,070,191 | 41,869,953 | ||||||
Canadian Solar Inc.(a)(b) | 847,755 | 31,273,682 | ||||||
Innergex Renewable Energy Inc. | 1,754,786 | 26,365,298 | ||||||
Northland Power Inc. | 2,473,315 | 81,082,163 | ||||||
267,837,726 | ||||||||
China — 11.8% | ||||||||
CECEP Solar Energy Co. Ltd., Class A(b) | 2,752,400 | 3,642,404 | ||||||
CECEP Wind Power Corp, Class A | 4,587,900 | 3,709,217 | ||||||
China Datang Corp. Renewable Power Co. Ltd., Class H(a) | 53,222,000 | 14,445,265 | ||||||
China Yangtze Power Co. Ltd., Class A | 20,814,600 | 73,700,641 | ||||||
Daqo New Energy Corp., ADR(b) | 1,380,946 | 89,347,206 | ||||||
Dynagreen Environmental Protection Group Co. Ltd. | 876,400 | 1,044,468 | ||||||
Flat Glass Group Co. Ltd., Class H(b) | 9,167,000 | 33,227,206 | ||||||
Ginlong Technologies Co. Ltd., Class A | 339,750 | 11,566,140 | ||||||
Huaneng Lancang River Hydropower Inc. | 6,177,700 | 6,474,887 | ||||||
JA Solar Technology Co. Ltd., Class A | 2,049,000 | 23,615,690 | ||||||
Jiangsu Akcome Science & Technology Co. Ltd.(b) | 4,100,000 | 2,440,529 | ||||||
JinkoSolar Holding Co. Ltd., ADR(a)(b) | 927,487 | 61,510,938 | ||||||
LONGi Green Energy Technology Co. Ltd., Class A | 5,202,240 | 47,564,216 | ||||||
Ming Yang Smart Energy Group Ltd., Class A | 1,926,300 | 8,559,750 | ||||||
Risen Energy Co. Ltd.(b) | 824,700 | 4,315,581 | ||||||
Sichuan Chuantou Energy Co. Ltd., Class A | 4,032,900 | 7,454,741 | ||||||
Sinoma Science & Technology Co. Ltd., Class A | 1,152,300 | 4,938,695 | ||||||
Sungrow Power Supply Co. Ltd., Class A | 1,359,100 | 24,994,050 | ||||||
TCL Zhonghuan Renewable Energy Technology Co. Ltd., Class A | 2,958,100 | 22,318,674 | ||||||
Titan Wind Energy Suzhou Co. Ltd., Class A | 1,650,100 | 4,359,657 | ||||||
Xinjiang Goldwind Science & Technology Co. Ltd., Class H | 15,730,800 | 28,103,037 | ||||||
Xinyi Energy Holdings Ltd. | 20,744,000 | 10,503,352 | ||||||
Xinyi Solar Holdings Ltd.(a) | 103,802,000 | 176,339,907 | ||||||
664,176,251 | ||||||||
Denmark — 10.9% | ||||||||
Orsted A/S(c) | 2,040,621 | 237,562,219 | ||||||
Vestas Wind Systems A/S | 14,250,985 | 374,568,968 | ||||||
612,131,187 | ||||||||
France — 0.5% | ||||||||
McPhy Energy SA(a)(b) | 511,442 | 7,869,589 | ||||||
Neoen SA(a)(c) | 501,796 | 22,069,524 | ||||||
29,939,113 | ||||||||
Germany — 1.9% | ||||||||
Encavis AG | 1,567,314 | 34,297,175 |
Security | Shares | Value | ||||||
Germany (continued) | ||||||||
Nordex SE(a)(b) | 2,613,103 | $ | 25,390,746 | |||||
SMA Solar Technology AG(a)(b) | 389,058 | 21,227,919 | ||||||
VERBIO Vereinigte BioEnergie AG | 404,815 | 25,122,151 | ||||||
106,037,991 | ||||||||
India — 2.3% | ||||||||
Adani Green Energy Ltd.(b) | 4,475,681 | 123,361,090 | ||||||
Azure Power Global Ltd.(a)(b) | 425,757 | 5,211,266 | ||||||
128,572,356 | ||||||||
Israel — 0.6% | ||||||||
Energix-Renewable Energies Ltd.(a) | 3,231,854 | 13,099,346 | ||||||
Enlight Renewable Energy Ltd.(a)(b) | 9,227,461 | 21,021,349 | ||||||
34,120,695 | ||||||||
Italy — 0.5% | ||||||||
ERG SpA | 797,801 | 26,022,062 | ||||||
Japan — 2.7% | ||||||||
Chubu Electric Power Co. Inc. | 11,296,700 | 120,506,537 | ||||||
RENOVA Inc.(a)(b) | 975,500 | 18,444,082 | ||||||
West Holdings Corp.(a) | 370,800 | 11,421,380 | ||||||
150,371,999 | ||||||||
New Zealand — 0.7% | ||||||||
Contact Energy Ltd. | 3,733,911 | 18,012,933 | ||||||
Meridian Energy Ltd. | 6,521,640 | 20,466,499 | ||||||
38,479,432 | ||||||||
Norway — 1.1% | ||||||||
NEL ASA(a)(b) | 17,478,773 | 30,152,812 | ||||||
Scatec ASA(c) | 2,727,797 | 32,572,481 | ||||||
62,725,293 | ||||||||
Portugal — 3.2% | ||||||||
EDP - Energias de Portugal SA | 36,124,848 | 182,752,093 | ||||||
Singapore — 0.2% | ||||||||
Maxeon Solar Technologies Ltd.(a)(b) | 510,179 | 8,800,588 | ||||||
South Korea — 2.1% | ||||||||
CS Wind Corp.(a) | 540,370 | 23,199,298 | ||||||
Doosan Fuel Cell Co. Ltd.(a)(b) | 929,144 | 23,658,836 | ||||||
Hanwha Solutions Corp.(a)(b) | 2,100,852 | 70,977,998 | ||||||
117,836,132 | ||||||||
Spain — 4.2% | ||||||||
Corp. ACCIONA Energias Renovables SA | 592,643 | 25,973,423 | ||||||
EDP Renovaveis SA | 2,896,122 | 75,326,049 | ||||||
Siemens Gamesa Renewable Energy SA(b) | 5,143,309 | 94,633,062 | ||||||
Solaria Energia y Medio Ambiente SA(b) | 1,715,464 | 39,554,433 | ||||||
235,486,967 | ||||||||
Sweden — 0.3% | ||||||||
PowerCell Sweden AB(a)(b) | 1,061,932 | 19,088,853 | ||||||
Switzerland — 1.0% | ||||||||
BKW AG | 183,764 | 20,906,445 | ||||||
Meyer Burger Technology AG(a)(b) | 55,610,647 | 33,065,039 | ||||||
53,971,484 | ||||||||
Taiwan — 0.4% | ||||||||
Motech Industries Inc. | 3,611,000 | 3,612,367 | ||||||
TSEC Corp.(b) | 5,145,522 | 5,893,123 | ||||||
United Renewable Energy Co. Ltd.(b) | 16,200,000 | 11,964,665 | ||||||
21,470,155 | ||||||||
Thailand — 0.9% | ||||||||
BCPG PCL, NVDR | 13,281,600 | 3,712,755 |
1
Schedule of Investments (unaudited) (continued) | iShares® Global Clean Energy ETF |
July 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Thailand (continued) | ||||||||
Energy Absolute PCL, NVDR | 20,910,700 | $ | 46,456,349 | |||||
Super Energy Corp. PCL, NVDR | 153,321,900 | 2,966,748 | ||||||
53,135,852 | ||||||||
United Kingdom — 0.7% | ||||||||
Atlantica Sustainable Infrastructure PLC | 1,080,706 | 38,537,976 | ||||||
United States — 44.5% | ||||||||
Aemetis Inc.(a)(b) | 702,499 | 5,163,368 | ||||||
Array Technologies Inc.(a)(b) | 3,058,530 | 51,536,230 | ||||||
Avangrid Inc. | 1,194,293 | 58,197,898 | ||||||
Bloom Energy Corp., Class A(a)(b) | 3,715,583 | 75,166,244 | ||||||
Clearway Energy Inc., Class C | 1,406,274 | 52,791,526 | ||||||
Consolidated Edison Inc. | 3,062,393 | 304,003,753 | ||||||
Enphase Energy Inc.(a)(b) | 1,950,148 | 554,193,059 | ||||||
First Solar Inc.(a)(b) | 2,268,123 | 224,929,758 | ||||||
FTC Solar Inc.(a)(b) | 524,862 | 2,634,807 | ||||||
FuelCell Energy Inc.(a)(b) | 6,292,856 | 22,591,353 | ||||||
Gevo Inc.(a)(b) | 4,616,466 | 13,572,410 | ||||||
Green Plains Inc.(a)(b) | 976,377 | 35,169,100 | ||||||
Ormat Technologies Inc.(a) | 769,819 | 66,620,136 | ||||||
Plug Power Inc.(a)(b) | 11,905,245 | 254,057,928 | ||||||
Shoals Technologies Group Inc., Class A(a)(b) | 2,569,166 | 60,709,393 | ||||||
SolarEdge Technologies Inc.(a)(b) | 1,267,409 | 456,432,003 | ||||||
Sunnova Energy International Inc.(a)(b) | 2,177,023 | 56,646,138 | ||||||
SunPower Corp.(a)(b) | 1,909,585 | 38,898,246 | ||||||
Sunrun Inc.(a)(b) | 4,807,826 | 157,167,832 | ||||||
TPI Composites Inc.(a)(b) | 852,531 | 14,041,186 | ||||||
2,504,522,368 | ||||||||
Total Common Stocks — 98.3% | ||||||||
(Cost: $5,275,647,336) | 5,528,851,430 | |||||||
Preferred Stocks | ||||||||
Brazil — 1.3% | ||||||||
Cia. Energetica de Minas Gerais, Preference Shares, ADR(a) | 32,554,115 | 72,270,135 | ||||||
Total Preferred Stocks — 1.3% | ||||||||
(Cost: $55,480,963) | 72,270,135 | |||||||
Total Long-Term Investments — 99.6% | ||||||||
(Cost: $5,331,128,299) | 5,601,121,565 |
Security | Shares | Value | ||||||
Short-Term Securities | ||||||||
Money Market Funds — 15.4% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 1.93%(d)(e)(f) | 859,119,510 | $ | 859,033,599 | |||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 1.81%(d)(e) | 8,960,000 | 8,960,000 | ||||||
Total Short-Term Securities — 15.4% | ||||||||
(Cost: $867,940,326) | 867,993,599 | |||||||
Total Investments in Securities — 115.0% | ||||||||
(Cost: $6,199,068,625) | 6,469,115,164 | |||||||
Liabilities in Excess of Other Assets — (15.0)% | (841,628,736 | ) | ||||||
Net Assets — 100.0% | $ | 5,627,486,428 |
(a) | All or a portion of this security is on loan. |
(b) | Non-income producing security. |
(c) | 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. |
(d) | Affiliate of the Fund. |
(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. |
2
Schedule of Investments (unaudited) (continued) | iShares® Global Clean Energy ETF |
July 31, 2022 |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 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 04/30/22 | Purchases at Cost | Proceeds from Sale | Net
Realized Gain (Loss) | Change
in Unrealized Appreciation (Depreciation) | Value
at 07/31/22 | Shares Held at 07/31/22 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 691,889,565 | $ | 167,209,587 | (a) | $ | — | $ | (46,269 | ) | $ | (19,284 | ) | $ | 859,033,599 | 859,119,510 | $ | 1,424,761 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 27,160,000 | — | (18,200,000 | )(a) | — | — | 8,960,000 | 8,960,000 | 59,990 | — | ||||||||||||||||||||||||||
$ | (46,269 | ) | $ | (19,284 | ) | $ | 867,993,599 | $ | 1,484,751 | $ | — |
(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. |
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 | ||||||||||||||
Euro STOXX 50 Index | 71 | 09/16/22 | $ | 2,701 | $ | 137,102 | ||||||||
MSCI Emerging Markets Index | 111 | 09/16/22 | 5,542 | (104,176 | ) | |||||||||
S&P 500 E-Mini Index | 49 | 09/16/22 | 10,127 | 730,987 | ||||||||||
$ | 763,913 |
OTC Total Return Swaps
Reference Entity | Payment Frequency | Counterparty(a) | Termination Date | Net Notional | Accrued Unrealized Appreciation (Depreciation) | Net
Value of Reference Entity | Gross Notional Amount Net Asset Percentage | |||||||||||||||
Equity Securities Long | Monthly | Goldman Sachs Bank USA(b) | 02/27/23 | $ | 1,477,905 | $ | 124,381 | (c) | $ | 1,795,417 | 0.1 | % | ||||||||||
Monthly | HSBC Bank PLC(d) | 02/10/23 | 4,675,313 | (1,584,673 | )(e) | 5,904,795 | 0.1 | |||||||||||||||
Monthly | JPMorgan Chase Bank NA(f) | 02/08/23 | 1,113,449 | 92,384 | (g) | 1,406,257 | 0.0 | |||||||||||||||
$ | (1,367,908 | ) | $ | 9,106,469 |
(a) | The Fund receives the total return on a portfolio of long positions underlying the total return swap. The Fund pays the total return on a portfolio of short positions underlying the total return swap. In addition, the Fund pays or receives a variable rate of interest, based on a specified benchmark. The benchmark and spread are determined based upon the country and/or currency of the individual underlying positions. |
(c) | Amount includes $(193,131) of net dividends and financing fees. |
(e) | Amount includes $(2,814,155) of net dividends, payable for referenced securities purchased and financing fees. |
(g) | Amount includes $(200,424) of net dividends, payable for referenced securities purchased and financing fees. |
The following are the specified benchmarks (plus or minus a range) used in determining the variable rate of interest:
(b) | (d) | (f) | |
Range: | 65 basis points | 65 basis points | 65 basis points |
Benchmarks: | USD - 1D Overnight Fed Funds Effective Rate | USD - 1D Overnight Bank Funding Rate | USD - 1D Overnight Bank Funding Rate |
(FEDL01) | (OBFR01) | (OBFR01) |
3
Schedule of Investments (unaudited) (continued) | iShares® Global Clean Energy ETF |
July 31, 2022 |
The following table represents the individual long positions and related values of equity securities underlying the total return swap with Goldman Sachs Bank USA as of period end, termination date February 27, 2023.
Shares | Value | %
of Basket Value | ||||||||||
Reference Entity — Long | ||||||||||||
Common Stocks | ||||||||||||
United States | ||||||||||||
Green Plains Inc. | 49,845 | $ | 1,795,417 | 100.0 | % | |||||||
Net Value of Reference Entity — Goldman Sachs Bank USA | $ | 1,795,417 |
The following table represents the individual long positions and related values of equity securities underlying the total return swap with HSBC Bank PLC as of period end, termination date February 10, 2023.
Shares | Value | %
of Basket Value | ||||||||||
Reference Entity — Long | ||||||||||||
Common Stocks | ||||||||||||
United States | ||||||||||||
Green Plains Inc. | 163,931 | $ | 5,904,795 | 100.0 | % | |||||||
Net Value of Reference Entity — HSBC Bank PLC | $ | 5,904,795 |
The following table represents the individual long positions and related values of equity securities underlying the total return swap with JPMorgan Chase Bank NA as of period end, termination date February 8, 2023.
Shares | Value | %
of Basket Value | ||||||||||
Reference Entity — Long | ||||||||||||
Common Stocks | ||||||||||||
United States | ||||||||||||
Green Plains Inc. | 39,041 | $ | 1,406,257 | 100.0 | % | |||||||
Net Value of Reference Entity — JPMorgan Chase Bank NA | $ | 1,406,257 |
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 BlackRock Global Valuation Methodologies Committee’s (the “Global 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 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 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.
4
Schedule of Investments (unaudited) (continued) | iShares® Global Clean Energy ETF |
July 31, 2022 |
Fair Value Hierarchy as of Period End (continued)
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 | |||||||||||||
Investments | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | $ | 3,085,851,668 | $ | 2,442,999,762 | $ | — | $ | 5,528,851,430 | ||||||||
Preferred Stocks | 72,270,135 | — | — | 72,270,135 | ||||||||||||
Money Market Funds | 867,993,599 | — | — | 867,993,599 | ||||||||||||
$ | 4,026,115,402 | $ | 2,442,999,762 | $ | — | $ | 6,469,115,164 | |||||||||
Derivative financial instruments(a) | ||||||||||||||||
Assets | ||||||||||||||||
Futures Contracts | $ | 730,987 | $ | 137,102 | $ | — | $ | 868,089 | ||||||||
Swaps | — | 216,765 | — | 216,765 | ||||||||||||
Liabilities | ||||||||||||||||
Futures Contracts | (104,176 | ) | — | — | (104,176 | ) | ||||||||||
Swaps | — | (1,584,673 | ) | — | (1,584,673 | ) | ||||||||||
$ | 626,811 | $ | (1,230,806 | ) | $ | — | $ | (603,995 | ) |
(a) | Derivative financial instruments are swaps and futures contracts. Swaps and futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Portfolio Abbreviations
ADR | American Depositary Receipt |
NVDR | Non-Voting Depositary Receipt |
5