# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001752724-23-012188
**Filing Date:** 2023-1
**Character Count:** 24213
**Document Hash:** 7dab8d4468b3aca5cab3d18ad9b3ec55
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-012188.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-012188

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iSHARES TRUST
- **CENTRAL INDEX KEY:** 0001100663
- **IRS NUMBER:** 943351276
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09729
- **FILM NUMBER:** 23551341

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** (415) 670-2000

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISHARES TRUST
- **DATE OF NAME CHANGE:** 19991213

## Series and Classes Contracts Data

### iShares MSCI Kuwait ETF (Series ID: S000068137)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000218229 | iShares MSCI Kuwait ETF | KWT             |

## Nport-Ex

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) | **iShares**<sup>®</sup> **MSCI Kuwait ETF** |
| November 30, 2022 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Common Stocks** |  |  |
| **Air Freight & Logistics — 4.5%** |  |  |
| Agility Public Warehousing Co. KSC | 563770 | $1455808 |
| **Airlines — 1.8%** |  |  |
| Jazeera Airways Co. KSCP | 97567 | 571124 |
| **Banks — 58.8%** |  |  |
| Ahli United Bank BSC | 1449692 | 1514931 |
| Ahli United Bank KSCP | 425160 | 401594 |
| Al Ahli Bank of Kuwait KSCP | 341320 | 376268 |
| Boubyan Bank KSCP | 15566 | 42834 |
| Burgan Bank SAK | 890216 | 665444 |
| Gulf Bank KSCP | 996798 | 1102786 |
| Kuwait Finance House KSCP | 2035610 | 5771037 |
| Kuwait International Bank KSCP | 776824 | 509885 |
| Kuwait Projects Co. Holding KSCP | 1598829 | 644710 |
| National Bank of Kuwait SAKP | 1974318 | 7223673 |
| Warba Bank KSCP<sup>(a)</sup> | 851141 | 690033 |
|  |  | 18943195 |
| **Capital Markets — 1.2%** |  |  |
| Boursa Kuwait Securities Co. KPSC | 42654 | 323919 |
| Noor Financial Investment Co. KSC | 109719 | 69769 |
|  |  | 393688 |
| **Chemicals — 1.4%** |  |  |
| Boubyan Petrochemicals Co. KSCP | 170432 | 453718 |
| **Construction & Engineering — 0.6%** |  |  |
| Combined Group Contracting Co. SAK | 131222 | 187638 |
| **Diversified Consumer Services — 2.4%** |  |  |
| Humansoft Holding Co. KSC | 70343 | 769047 |
| **Diversified Financial Services — 2.8%** |  |  |
| A'ayan Leasing & Investment Co. KSCP | 733577 | 348014 |
| Alimtiaz Investment Group KSC | 409415 | 101583 |
| National Investments Co. KSCP | 515646 | 457615 |
|  |  | 907212 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Electrical Equipment — 1.7%** |  |  |
| Gulf Cable & Electrical Industries Co. KSCP | 128847 | $555161 |
| **Energy Equipment & Services — 1.2%** |  |  |
| Heavy Engineering & Ship Building Co. KSCP | 168483 | 378626 |
| **Food Products — 0.8%** |  |  |
| Mezzan Holding Co. KSCC | 211647 | 270034 |
| **Independent Power and Renewable Electricity Producers — 1.6%** |  |  |
| Shamal Az-Zour Al-Oula for the First Phase of Az-Zour Power Plant KSC | 781730 | 501873 |
| **Industrial Conglomerates — 2.9%** |  |  |
| National Industries Group Holding SAK | 1179660 | 932748 |
| **Real Estate Management & Development — 10.5%** |  |  |
| Commercial Real Estate Co. Ksc | 1703068 | 556313 |
| Kuwait Real Estate Co. KSC | 1207584 | 433835 |
| Mabanee Co. KPSC | 402861 | 1160507 |
| National Real Estate Co. KPSC<sup>(a)</sup> | 1141826 | 563446 |
| Salhia Real Estate Co. KSCP | 380539 | 655888 |
|  |  | 3369989 |
| **Specialty Retail — 1.5%** |  |  |
| Ali Alghanim Sons Automotive Co. KSCC, NVS | 182476 | 500251 |
| **Trading Companies & Distributors — 1.8%** |  |  |
| ALAFCO Aviation Lease & Finance Co. KSCP<sup>(a)</sup> | 404537 | 266495 |
| Integrated Holding Co. KCSC | 257995 | 309978 |
|  |  | 576473 |
| **Wireless Telecommunication Services — 4.3%** |  |  |
| Mobile Telecommunications Co. KSCP | 719104 | 1376421 |
| **Total Investments — 99.8%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $26,618,838)** |  | 32143006 |
| **Other Assets Less Liabilities — 0.2%** |  | 65706 |
| **Net Assets — 100.0%** |  | $32208712 |

---

<sup>(a)</sup> Non-income producing security.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at<br> 08/31/22* | *Purchases<br> at Cost* | *Proceeds<br> from Sale* | *Net Realized<br> Gain (Loss)* | *Change in<br> Unrealized Appreciation<br> (Depreciation)* | *Value at<br> 11/30/22* | *Shares<br> Held at<br> 11/30/22* | *Income* | *Capital<br> Gain<br> Distributions<br> from<br> Underlying<br> Funds* |
| BlackRock Cash Funds: Treasury, SL Agency Shares<sup>(a)</sup> | $50000 | $– $| (50000)<sup>(b)</sup> | $— | $— | $— | – $| 91 | $— |

---

<sup>(a)</sup> As of period end, the entity is no longer held.

<sup>(b)</sup> Represents net amount purchased (sold).

**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;

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **MSCI Kuwait ETF** |
| November 30, 2022 |  |

---

**Fair Value Hierarchy as of Period End (continued)**

● 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* |
| Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $1727263 | $30415743 | $— | $32143006 |

---

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| NVS | Non-Voting Shares |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** iShares Trust

- **b. Investment Company Act file number:** 811-09729

- **c. CIK number of Registrant:** 0001100663

- **d. LEI of Registrant:** 5493000860OXIC4B5K91

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 400 Howard Street

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-474-2737

**Item A.2. Information about the Series.**

- **a. Name of Series:** iShares MSCI Kuwait ETF

- **b. EDGAR series identifier (if any):** S000068137

- **c. LEI of Series:** 549300FQSSIFG6JO0996

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $32243678.68

**Total Liabilities:** $23691.58

**Net Assets:** $32219987.10

**Cash Not Reported:** $33232.15

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000218229 | -9.79%               | 3.29%                | 5.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $39239.37                | $-3198234.88                               |
| Month 2  | $-9341.59                | $1000977.52                                |
| Month 3  | $-1656.34                | $1723069.53                                |

### Schedule of Portfolio Investments

| Name                                                                  | Title                                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Humansoft Holding Co KSC                                              | Humansoft Holding Co KSC                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |     67307 | NS      | $735854.63    | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial Real Estate Co KSC                                         | Commercial Real Estate Co KSC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |   1528010 | NS      | $499130.05    | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Ahli Bank of Kuwait KSCP                                           | Al Ahli Bank of Kuwait KSCP                                           | CUSIP: 000000000<br>LEI: 254900PGVVLJTOEWLL80 | Long             | EC               | CORP              | KW        |    627283 | NS      | $691510.67    | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Mabanee Co KPSC                                                       | Mabanee Co KPSC                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |    403495 | NS      | $1162333.27   | 3.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Jazeera Airways Co KSCP                                               | Jazeera Airways Co KSCP                                               | CUSIP: 000000000<br>LEI: 894500OJYFQRXEY2YA69 | Long             | EC               | CORP              | KW        |     88055 | NS      | $515443.90    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Ahli United Bank BSC                                                  | Ahli United Bank BSC                                                  | CUSIP: 000000000<br>LEI: 213800BAPPINC7OHL696 | Long             | EC               | CORP              | BH        |   1449692 | NS      | $1514930.50   | 4.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuwait Real Estate Co KSC                                             | Kuwait Real Estate Co KSC                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |   1066469 | NS      | $383138.08    | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Kuwait SAKP                                          | National Bank of Kuwait SAKP                                          | CUSIP: 000000000<br>LEI: 549300NB7FE83IH6BW96 | Long             | EC               | CORP              | KW        |   2116264 | NS      | $7743028.00   | 24.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Alimtiaz Investment Group KSC                                         | Alimtiaz Investment Group KSC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |   1445431 | NS      | $358636.10    | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| ALAFCO Aviation Lease & Finance Co KSCP                               | ALAFCO Aviation Lease & Finance Co KSCP                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |    417311 | NS      | $274909.56    | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuwait International Bank KSCP                                        | Kuwait International Bank KSCP                                        | CUSIP: 000000000<br>LEI: 254900OP0ZRLYKKXET16 | Long             | EC               | CORP              | KW        |    701411 | NS      | $460385.66    | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Ahli United Bank KSCP/Kuwait                                          | Ahli United Bank KSCP/Kuwait                                          | CUSIP: 000000000<br>LEI: 549300HY2WIPGTF66H32 | Long             | EC               | CORP              | KW        |     58043 | NS      | $54825.82     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuwait Finance House KSCP                                             | Kuwait Finance House KSCP                                             | CUSIP: 000000000<br>LEI: 2549007KX0N057S9BC98 | Long             | EC               | CORP              | KW        |   2320007 | NS      | $6577314.15   | 20.41%            |  |  |  | No            |                  2 | On Loan: No      |
| Gulf Bank KSCP                                                        | Gulf Bank KSCP                                                        | CUSIP: 000000000<br>LEI: 254900600P224MZQZD69 | Long             | EC               | CORP              | KW        |    977565 | NS      | $1081507.97   | 3.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobile Telecommunications Co KSCP                                     | Mobile Telecommunications Co KSCP                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |    728506 | NS      | $1394417.33   | 4.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Gulf Cable & Electrical Industries Co KSCP                            | Gulf Cable & Electrical Industries Co KSCP                            | CUSIP: 000000000<br>LEI: 2138009VUBX6MONC2V07 | Long             | EC               | CORP              | KW        |    109166 | NS      | $470361.69    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Agility Public Warehousing Co KSC                                     | Agility Public Warehousing Co KSC                                     | CUSIP: 000000000<br>LEI: 549300C16Q6C2NMAI063 | Long             | EC               | CORP              | KW        |    533095 | NS      | $1376596.91   | 4.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Warba Bank KSCP                                                       | Warba Bank KSCP                                                       | CUSIP: 000000000<br>LEI: 254900HX6OLMFSO34H53 | Long             | EC               | CORP              | KW        |    820817 | NS      | $665449.01    | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Shamal Az-Zour Al-Oula for the First Phase of Az-Zour Power Plant KSC | Shamal Az-Zour Al-Oula for the First Phase of Az-Zour Power Plant KSC | CUSIP: 000000000<br>LEI: 549300B6L31S17IC6G60 | Long             | EC               | CORP              | KW        |    722862 | NS      | $464079.74    | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Burgan Bank SAK                                                       | Burgan Bank SAK                                                       | CUSIP: 000000000<br>LEI: 558600NC81HKXMFSTY52 | Long             | EC               | CORP              | KW        |    837621 | NS      | $626129.20    | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Integrated Holding Co KCSC                                            | Integrated Holding Co KCSC                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |    266192 | NS      | $319826.86    | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Noor Financial Investment Co KSC                                      | Noor Financial Investment Co KSC                                      | CUSIP: 000000000<br>LEI: 549300US0VXHVXG6RD34 | Long             | EC               | CORP              | KW        |    112165 | NS      | $71324.16     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuwait Projects Co Holding KSCP                                       | Kuwait Projects Co Holding KSCP                                       | CUSIP: 000000000<br>LEI: 254900NKYL22Y1SJAI75 | Long             | EC               | CORP              | KW        |   1495783 | NS      | $603158.08    | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Boursa Kuwait Securities Co KPSC                                      | Boursa Kuwait Securities Co KPSC                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |     44009 | NS      | $334209.20    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Boubyan Bank KSCP                                                     | Boubyan Bank KSCP                                                     | CUSIP: 000000000<br>LEI: 254900D1UAYOAUPGL280 | Long             | EC               | CORP              | KW        |     19394 | NS      | $53367.25     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| A'ayan Leasing & Investment Co KSCP                                   | A'ayan Leasing & Investment Co KSCP                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |    756601 | NS      | $358936.42    | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| National Industries Group Holding SAK                                 | National Industries Group Holding SAK                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |   1144128 | NS      | $904653.63    | 2.81%             |  |  |  | No            |                  2 | On Loan: No      |
| National Investments Co KSCP                                          | National Investments Co KSCP                                          | CUSIP: 000000000<br>LEI: 2549000LH3SWRWU99Y13 | Long             | EC               | CORP              | KW        |    457831 | NS      | $406306.76    | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Mezzan Holding Co KSCC                                                | Mezzan Holding Co KSCC                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |    218343 | NS      | $278577.27    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Boubyan Petrochemicals Co KSCP                                        | Boubyan Petrochemicals Co KSCP                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |    277534 | NS      | $738841.53    | 2.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Heavy Engineering & Ship Building Co KSCP                             | Heavy Engineering & Ship Building Co KSCP                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |    173837 | NS      | $390657.82    | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Combined Group Contracting Co SAK                                     | Combined Group Contracting Co SAK                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |    135373 | NS      | $193573.27    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| National Real Estate Co KPSC                                          | National Real Estate Co KPSC                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KW        |   1018539 | NS      | $502608.42    | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-29

**Name of Applicant:** iShares Trust

**Signature:** Ann Frechette

**Name of Signer:** Ann Frechette

**Title:** Assistant Treasurer