INTERIM REPORT AND UNAUDITED FINANCIAL …...This interim report and unaudited financial statements...

INTERIM REPORT AND UNAUDITED FINANCIAL STATEMENTSiSHARES IV PLC

FOR THE PERIOD FROM 1 JUNE 2016

TO 30 NOVEMBER 2016

iSHARES IV PLC

i S H A R E S I V P L C I N T E R I M R E P O R T [ 1 ]

Contents

General information 3

Background 5

Half yearly management report

Investment Manager’s report 11

Financial instruments and risks 22

Significant related party transactions 39

Financial Statements

Unaudited financial statements of the Company

Condensed income statement 42

Condensed statement of changes in net assets attributable to redeemable participating shareholders 42

Condensed balance sheet 43

Notes to the unaudited financial statements of the Company 44

Unaudited condensed Fund primary statements, schedules of investments, schedules of material purchases and sales, and notes

iShares $ Short Duration Corp Bond UCITS ETF 46

iShares $ Short Duration High Yield Corp Bond UCITS ETF 70

iShares $ Treasury Bond 20+yr UCITS ETF 84

iShares $ Ultrashort Bond UCITS ETF 89

iShares € Govt Bond 20yr Target Duration UCITS ETF 98

iShares € Ultrashort Bond UCITS ETF 102

iShares £ Ultrashort Bond UCITS ETF 112

iShares Ageing Population UCITS ETF 119

iShares Automation & Robotics UCITS ETF 127

iShares Digitalisation UCITS ETF 134

iShares Edge MSCI Europe Momentum Factor UCITS ETF 141

iShares Edge MSCI Europe Multifactor UCITS ETF 148

iShares Edge MSCI Europe Quality Factor UCITS ETF 155

iShares Edge MSCI Europe Size Factor UCITS ETF 162

iShares Edge MSCI Europe Value Factor UCITS ETF 171

iShares Edge MSCI USA Momentum Factor UCITS ETF 178

iShares Edge MSCI USA Multifactor UCITS ETF 184

iShares Edge MSCI USA Quality Factor UCITS ETF 190

iShares Edge MSCI USA Size Factor UCITS ETF 196

iShares Edge MSCI USA Value Factor UCITS ETF 204

iShares Edge MSCI World Momentum Factor UCITS ETF 210

iShares Edge MSCI World Multifactor UCITS ETF 221

iShares Edge MSCI World Quality Factor UCITS ETF 233

iShares Edge MSCI World Size Factor UCITS ETF 243

iShares Edge MSCI World Value Factor UCITS ETF 263

iShares Fallen Angels High Yield Corp Bond UCITS ETF 274

iShares Healthcare Innovation UCITS ETF 284

iShares iBonds Sep 2018 $ Corp UCITS ETF 291

iShares MSCI China A UCITS ETF 302

iShares MSCI EM SRI UCITS ETF 312

iShares MSCI EMU Large Cap UCITS ETF 320

iSHARES IV PLC

[ 2 ] i S H A R E S I V P L C I N T E R I M R E P O R T

Contents (continued)

Financial Statements (continued)

Unaudited condensed Fund primary statements, schedules of investments, schedules of material purchases and sales,

and notes (continued):

iShares MSCI EMU Mid Cap UCITS ETF 327

iShares MSCI France UCITS ETF 334

iShares MSCI Japan SRI EUR Hedged UCITS ETF (Acc) 339

iShares MSCI USA SRI UCITS ETF 344

iShares TA-25 Israel UCITS ETF 350

iShares US Equity Buyback Achievers UCITS ETF 354

iShares US Mortgage Backed Securities UCITS ETF 360

Notes to the unaudited financial statements of the Funds 365

Supplementary Information 371

Glossary 387

Disclaimers 388

This interim report and unaudited financial statements (the “Report and Accounts”) may be translated into other languages. Any such translation shall only contain the same information and have the same meaning as the English language Report and Accounts. To the extent that there is any inconsistency between the English language Report and Accounts and the Report and Accounts in another language, the English language Report and Accounts will prevail, except to the extent (and only to the extent) that it is required by law of any jurisdiction where the shares are sold, that in an action based upon disclosure in a Report and Accounts in a language other than English, the language of the Report and Accounts on which such action is based shall prevail. Any disputes as to the terms of the Report and Accounts, regardless of the language of the Report and Accounts, shall be governed by and construed in accordance with the laws of Ireland.

iSHARES IV PLC


General information

Board of Directors1 Sub-Investment Managers2

Paul McNaughton (Chairman) (Irish) BlackRock Financial Management Inc.

Paul McGowan (Irish) 40 East 52nd Street

Barry O’Dwyer (Irish) New York

Karen Prooth (British) NY 10022

Teresa O’Flynn (Irish) United States

Audit Committee Members BlackRock (Singapore) Limited

Paul McGowan (Chairman) 20 Anson Road

Paul McNaughton #18-01

Singapore 079912

Nomination Committee Members Singapore

Paul McNaughton (Chairman)

Paul McGowan Depositary

Barry O'Dwyer State Street Custodial Services (Ireland) Limited

78 Sir John Rogerson’s Quay

Manager Dublin 2

BlackRock Asset Management Ireland Limited Ireland

J.P. Morgan House

International Financial Services Centre PRC Sub-Custodian3

Dublin 1 The Hong Kong and Shanghai Banking Corporation Limited

Ireland 1 Queen's Road Central

Hong Kong

Administrator China

State Street Fund Services (Ireland) Limited

78 Sir John Rogerson’s Quay RQFII Custodian3

Dublin 2 HSBC Bank (China) Co Ltd

Ireland 33th Floor, HSBC Building

Shanghai ifc

Registrar 8 Century Avenue

State Street Fund Services (Ireland) Limited Pudong

78 Sir John Rogerson’s Quay Shanghai

Dublin 2 China 200120

Ireland

Registered office of the Company

Company Secretary J.P. Morgan House

Sanne International Financial Services Centre

Fourth Floor Dublin 1

76 Lower Baggot Street Ireland

Dublin 2

Ireland

Legal Advisors to the Company

Investment Manager and Promoter William Fry

BlackRock Advisors (UK) Limited 2 Grand Canal Square

12 Throgmorton Avenue Dublin 2

London EC2N 2DL Ireland

England

1 All Directors are non-executive Directors. 2 The Investment Manager has sub-delegated the investment decision making in respect of iShares $ Short Duration Corp Bond UCITS ETF, iShares $ Short Duration High Yield Corp Bond UCITS ETF, iShares $ Treasury Bond 20+yr UCITS ETF, iShares $ Ultrashort Bond UCITS ETF, iShares € Govt Bond 20yr Target Duration UCITS ETF, iShares € Ultrashort Bond UCITS ETF, iShares £ Ultrashort Bond UCITS ETF, iShares Fallen Angels High Yield Corp Bond UCITS ETF, iShares iBonds Sep 2018 $ Corp UCITS ETF and iShares US Mortgage Backed Securities UCITS ETF. 3 PRC Sub-Custodian and RQFII Custodian relate to iShares MSCI China A UCITS ETF only.

iSHARES IV PLC


General information (continued)

Independent Auditors Paying Agent in Switzerland

PricewaterhouseCoopers State Street Bank International GmbH

Chartered Accountants and Registered Auditors Munich, Zurich Branch

One Spencer Dock Beethovenstrasse 19

North Wall Quay CH-8027 Zurich

Dublin 1 Switzerland

Ireland

German Paying and Information Agent

Representative in Switzerland Commerzbank AG

BlackRock Asset Management Schweiz AG Theodor-Heuss-Allee 50

Bahnhofstrasse 39 60486 Frankfurt am Main

8001 Zurich Germany

Switzerland

Austrian Paying and Information Agent

Paying Agent UniCredit Bank Austria AG

Citibank N.A., London Branch Attn: 8398/Custody

Citigroup Centre Julius Tandler Platz 3

25 Canada Square 1090 Vienna

Canary Wharf Austria

London E14 5LB

England

The Company is duly registered with the Comisión Nacional de Mercado de Valores in Spain under number 1042.

iSHARES IV PLC

Background


iShares IV public limited company (the "Company") is organised as an open-ended investment Company with variable capital. The Company was

incorporated in Ireland on 3 July 2009 with limited liability and segregated liability between its Funds and is organised under the laws of Ireland

as a Public Limited Company (“plc”) pursuant to the Companies Act 2014 and the European Communities (Undertaking in Collective Investment

in Transferable Securities) Regulations, 2011 (as amended) (the "UCITS Regulations") and is regulated by the Central Bank of Ireland (the "CBI").

The Company is structured as an umbrella Fund and comprises separate Funds (“Funds”) of the Company.

The term “Fund” shall be deemed to mean either a Fund of the Company, or if the context so requires, the Manager or its delegate acting for the

account of the relevant Fund. The term “BlackRock” is used to represent BlackRock Advisors (UK) Limited. The investment objectives and

policies of each Fund are set out in the prospectus and the relevant supplemental prospectus.

Changes to the Company

The TER discount applied to iShares $ Ultrashort Bond UCITS ETF, iShares £ Ultrashort Bond UCITS ETF and iShares € Ultrashort Bond UCITS

ETF was permanently discounted to 0.09% from 6 June 2016.

iShares Fallen Angels High Yield Corp Bond UCITS ETF launched on 22 June 2016. This was reflected in the addendum to the prospectus that

was issued on 22 June 2016.

In response to the CBI publishing the Central Bank (Supervision and Enforcement) Act, 2013 (Section 48(1)) Investor Money Regulations 2015 for

Fund Service Providers (the “Investor Money Regulations” or “IMR”) in March 2015 (effective from 1 July 2016), the Manager undertook, together

with State Street Custodial Services (Ireland) Limited, a review of the way in which subscription, distribution and redemption monies are

channelled to and from the Company.

As a result of this review, subscription and redemption monies will (effective from 23 May 2016), be channelled through an umbrella cash

collection account in the name of the Company, and in respect of any Funds considered to be highly leveraged, Fund cash collection accounts in

the name of the relevant Fund(s). Pending issue of the Shares and /or payment of subscription proceeds to an account in the name of the

Company or the relevant Fund(s), and pending payment of redemption proceeds or distributions, the relevant investor will be an unsecured

creditor of the relevant Fund in respect of amounts paid by or due to it. An Addendum issued on 4 July 2016 includes this change. For the

avoidance of doubt, none of the Funds of the Company are considered highly leveraged.

iShares Sustainable MSCI Emerging Markets SRI UCITS ETF and iShares Sustainable MSCI USA SRI UCITS ETF launched on 11 July 2016. On 22

November 2016, the Fund names changed to iShares MSCI EM SRI UCITS ETF and iShares MSCI USA SRI UCITS ETF respectively.

iShares Ageing Population UCITS ETF, iShares Automation & Robotics UCITS ETF, iShares Digitalisation UCITS ETF and iShares Healthcare

Innovation UCITS ETF launched on 12 September 2016.

On 14 September 2016, the Brazilian Tax Authorities issued Normative Instruction 1658/16 amending the list of countries considered to be ‘low

tax jurisdictions’ to include Curacao, Saint Martin and Ireland and exclude the Netherlands Antilles and Saint Kitts and Nevis. The changes are

effective from 1 October 2016 onwards. As a consequence, Brazilian Capital Gains Tax (“CGT”) and increased income withholding tax (“WHT”)

rates on interest on capital distributions will apply to the Brazilian securities held in the following Funds, iShares MSCI EM SRI UCITS ETF,

iShares Automation & Robotics UCITS ETF, iShares Ageing Population UCITS ETF, and iShares Digitalisation UCITS ETF. From 1 October

onwards, capital gains are subject to CGT, which is currently being accounted for through a levy on primary market redemptions, as permitted

under the “Duties and Charges” definition within the prospectus.

iShares Edge MSCI USA Momentum Factor UCITS ETF, iShares Edge MSCI USA Quality Factor UCITS ETF, iShares Edge MSCI USA Size Factor

UCITS ETF and iShares Edge MSCI USA Value Factor UCITS ETF launched on 14 October 2016.

On 2 November 2016, the Board of Directors of the Company notified shareholders of their intention to launch multiple share classes within

most of the existing Funds of the Company and also other Funds across the Irish iShares range and an amendment to the definition of ‘Duties

and Charges’.

iSHARES IV PLC

Background (continued)


Changes to the Company (continued)

The following name changes to the Funds and changes to benchmark index names as detailed below were effective from 22 November 2016.

Existing Fund Name New Fund Name

iShares $ Short Duration Corporate Bond UCITS ETF iShares $ Short Duration Corp Bond UCITS ETF

iShares $ Short Duration High Yield Corporate Bond UCITS ETF iShares $ Short Duration High Yield Corp Bond UCITS ETF

iShares Euro Government Bond 20yr Target Duration UCITS ETF iShares € Govt Bond 20yr Target Duration UCITS ETF

iShares Euro Ultrashort Bond UCITS ETF iShares € Ultrashort Bond UCITS ETF

iShares Fallen Angels High Yield Corporate Bond UCITS ETF iShares Fallen Angels High Yield Corp Bond UCITS ETF

iShares iBonds Sep 2018 USD Corporate UCITS ETF iShares iBonds Sep 2018 $ Corp UCITS ETF

iShares Sustainable MSCI Emerging Markets SRI UCITS ETF iShares MSCI EM SRI UCITS ETF

iShares Sustainable MSCI Japan SRI EUR Hedged UCITS ETF iShares MSCI Japan SRI EUR Hedged UCITS ETF (Acc)

iShares Sustainable MSCI USA SRI UCITS ETF iShares MSCI USA SRI UCITS ETF

Fund Benchmark Name Updated Benchmark Name

iShares $ Treasury Bond 20+yr UCITS ETF Barclays U.S. 20+ Year Treasury Bond Index ICE U.S. Treasury 20+ Years Bond Index

iShares Fallen Angels High Yield Corp

Bond UCITS ETF

Barclays Global Corporate ex EM Fallen

Angels 3% Issuer Capped Index

Bloomberg Barclays Global Corporate ex

EM Fallen Angels 3% Issuer Capped Index

iShares iBonds Sep 2018 $ Corp

UCITS ETF

Barclays September 2018 Maturity

US Corporate Index

Bloomberg Barclays September 2018

Maturity US Corporate Index

iShares US Mortgage Backed Securities

UCITS ETF

Barclays US Mortgage Backed

Securities Index

Bloomberg Barclays US Mortgage

Backed Securities Index

The prospectus previously stated that the TERs of iShares € Ultrashort Bond UCITS ETF, iShares $ Ultrashort Bond UCITS ETF and iShares $

Ultrashort Bond UCITS ETF were reduced temporarily. This change has been made permanent from 22 November 2016 and the TERs have

decreased from 0.20% to 0.09%. On 22 November 2016, a revised prospectus was issued to reflect the changes listed above.

As of 18 November 2016, the Company Secretary changed from Chartered Corporate Services, Taney Hill, Eglinton Terrace, Dundrum, Dublin 14

to Sanne, Fourth Floor, 76 Lower Baggot Street, Dublin 2.

Securities Financing Transactions Regulation (Regulation (EU) 2015/2365) (“SFTR”) came into force on 12 January 2016 and, amongst other

requirements, introduces new disclosure requirements in the Funds' annual and half-yearly reports published after 13 January 2017 detailing

the Funds’ use of securities financing transactions and total return swaps ("TRS"). As a result, additional disclosures have been included in the

Supplementary Information section to the Interim Report.

Brexit

In a United Kingdom (“UK”) referendum held on 23 June 2016, the electorate of the UK resolved to leave the European Union. For further details

on the possible impact of the results of the referendum please refer to the Investment Manager’s report and the Financial Instruments and

Risk: Market Risk section.

Renminbi qualified foreign institutional investor

Under current law issued from the Peoples Republic of China (“PRC”) and subject to minor exceptions, investors based in certain jurisdictions

outside the PRC may apply to the China Securities Regulatory Commission (“CSRC”) for status as a Renminbi Qualified Foreign Institutional

Investor (“RQFII”). Once an entity is licensed as a RQFII, it will be eligible to apply for a certain amount of RQFII Quota (investment quota issued

by China’s State Administration of Foreign Exchange (“SAFE”) to invest directly in China A Shares).

The Investment Manager has been licensed as a RQFII and as at 11 March 2015 has been granted an allocation of RQFII Quota for allocation

across multiple funds under its management.

iSHARES IV PLC



Renminbi qualified foreign institutional investor (continued)

The capacity of iShares MSCI China A UCITS ETF to make investments in China A shares depends on several factors, including sufficient RQFII

Quota being granted by SAFE to the Investment Manager (including any additional RQFII Quota when needed) and allocated by the Investment

Manager for use by the Fund, as well as the ability of the Investment Manager to maintain its RQFII Licence. The Investment Manager has the

flexibility to allocate its RQFII Quota across multiple funds under its management from time to time. As such, the Fund will not have exclusive

use of a specified amount of RQFII Quota and will rely on the Investment Manager’s management and allocation of such quota between different

Funds.

Fund Details

There were 38 Funds in operation at 30 November 2016. The investment objective of the Funds is to provide investors with a total return, taking

into account the capital and income returns, which reflect the total returns of the respective benchmark listed in the table below:

Fund Benchmark Index

Investment Management Approach*

iShares $ Short Duration Corp Bond UCITS ETF Markit iBoxx USD Liquid Investment Grade 0-5 Index Non-replicating

iShares $ Short Duration High Yield Corp Bond UCITS ETF Markit iBoxx USD Liquid High Yield 0-5 Capped Index Non-replicating

iShares $ Treasury Bond 20+yr UCITS ETF** ICE U.S. Treasury 20+ Years Bond Index Non-replicating

iShares $ Ultrashort Bond UCITS ETF Markit iBoxx USD Liquid Investment Grade Ultrashort Index Non-replicating

iShares € Govt Bond 20yr Target Duration UCITS ETF Markit iBoxx EUR Eurozone 20yr Target Duration Index Non-replicating

iShares € Ultrashort Bond UCITS ETF Markit iBoxx EUR Liquid Investment Grade Ultrashort Index Non-replicating

iShares £ Ultrashort Bond UCITS ETF Markit iBoxx GBP Liquid Investment Grade Ultrashort Index Non-replicating

iShares Ageing Population UCITS ETF iSTOXX® FactSet Ageing Population Index Non-replicating

iShares Automation & Robotics UCITS ETF iSTOXX® FactSet Automation & Robotics Index Non-replicating

iShares Digitalisation UCITS ETF iSTOXX® FactSet Digitalisation Index Non-replicating

iShares Edge MSCI Europe Momentum Factor UCITS ETF MSCI Europe Momentum Index Non-replicating

iShares Edge MSCI Europe Multifactor UCITS ETF MSCI Europe Diversified Multiple-Factor Index Non-replicating

iShares Edge MSCI Europe Quality Factor UCITS ETF MSCI Europe Sector Neutral Quality Index Non-replicating

iShares Edge MSCI Europe Size Factor UCITS ETF MSCI Europe Mid-Cap Equal Weighted Index Non-replicating

iShares Edge MSCI Europe Value Factor UCITS ETF MSCI Europe Enhanced Value Index Non-replicating

iShares Edge MSCI USA Momentum Factor UCITS ETF MSCI USA Momentum Index Non-replicating

iShares Edge MSCI USA Multifactor UCITS ETF MSCI USA Diversified Multiple-Factor Index Non-replicating

iShares Edge MSCI USA Quality Factor UCITS ETF MSCI USA Sector Neutral Quality Index Non-replicating

iShares Edge MSCI USA Size Factor UCITS ETF MSCI USA Mid-Cap Equal Weighted Index Non-replicating

iShares Edge MSCI USA Value Factor UCITS ETF MSCI USA Enhanced Value Index Non-replicating

iShares Edge MSCI World Momentum Factor UCITS ETF MSCI World Momentum Index Non-replicating

iShares Edge MSCI World Multifactor UCITS ETF MSCI World Diversified Multiple-Factor Index Non-replicating

iShares Edge MSCI World Quality Factor UCITS ETF MSCI World Sector Neutral Quality Index Non-replicating

iShares Edge MSCI World Size Factor UCITS ETF MSCI World Mid-Cap Equally Weighted Index Non-replicating

iShares Edge MSCI World Value Factor UCITS ETF MSCI World Enhanced Value Index Non-replicating

iShares Fallen Angels High Yield Corp Bond UCITS ETF** Bloomberg Barclays Global Corporate ex EM Fallen Angels Non-replicating

3% Issuer Capped Index

iShares Healthcare Innovation UCITS ETF iSTOXX® FactSet Breakthrough Healthcare Index Non-replicating

iShares iBonds Sep 2018 $ Corp UCITS ETF** Bloomberg Barclays September 2018 Maturity Non-replicating

US Corporate Index

iShares MSCI China A UCITS ETF MSCI China A International Index Non-replicating

iShares MSCI EM SRI UCITS ETF MSCI EM SRI Index Replicating

iShares MSCI EMU Large Cap UCITS ETF MSCI EMU Large Cap Index Replicating

* Please refer to the Investment Manager’s report for further information on the meaning of replicating and non-replicating Funds. ** Benchmark index name changed during the period.

iSHARES IV PLC



Fund Details (continued)

Fund Benchmark Index

Investment Management Approach*

iShares MSCI EMU Mid Cap UCITS ETF MSCI EMU Mid Cap Index Replicating

iShares MSCI France UCITS ETF MSCI France Index Replicating

iShares MSCI Japan SRI EUR Hedged UCITS ETF (Acc) MSCI Japan SRI 100% Hedged to EUR Index Replicating

iShares MSCI USA SRI UCITS ETF MSCI USA SRI Index Replicating

iShares TA-25 Israel UCITS ETF TA-25 Net USD Index Replicating

iShares US Equity Buyback Achievers UCITS ETF Nasdaq US Buyback AchieversTM Select Index Non-replicating

iShares US Mortgage Backed Securities UCITS ETF** Bloomberg Barclays US Mortgage Backed Securities Index Non-replicating

* Please refer to the Investment Manager’s report for further information on replicating and non-replicating Funds. ** Benchmark index name changed during the period.

All figures relating to each Fund are shown in the relevant functional currency. The financial statements of the Company are presented in

British Pounds. These Funds are Exchange Traded Funds (“ETFs”), which provide the flexibility of a share with the diversification of a Fund. They

can be bought and sold like any other share listed on a stock exchange, but provide instant exposure to many companies or various financial

instruments relevant to the Fund and its benchmark index.

Stock exchange listings

The Company maintained a primary listing on the London Stock Exchange (“LSE”).

As at 30 November 2016, the Funds are listed and traded on the following exchanges:

Fund Base

Currency*

London Stock

Exchange Borsa Italiana

Deutsche Börse**

NYSE Euronext Amsterdam

SIX Swiss

Exchange

iShares $ Short Duration Corp Bond UCITS ETF $ � - � � �

iShares $ Short Duration High Yield Corp Bond UCITS ETF $ � � � � �

iShares $ Treasury Bond 20+yr UCITS ETF $ � - � - �

iShares $ Ultrashort Bond UCITS ETF $ � - � � �

iShares € Govt Bond 20yr Target Duration UCITS ETF € � - � - �

iShares € Ultrashort Bond UCITS ETF € � � � � �

iShares £ Ultrashort Bond UCITS ETF £ � - - - -

iShares Ageing Population UCITS ETF $ � � � - �

iShares Automation & Robotics UCITS ETF $ � � � - �

iShares Digitalisation UCITS ETF $ � � � - �

iShares Edge MSCI Europe Momentum Factor UCITS ETF € � � � - �

iShares Edge MSCI Europe Multifactor UCITS ETF € " � " - �

iShares Edge MSCI Europe Quality Factor UCITS ETF € � � � - �

iShares Edge MSCI Europe Size Factor UCITS ETF € � � � - �

iShares Edge MSCI Europe Value Factor UCITS ETF € � � � - �

iShares Edge MSCI USA Momentum Factor UCITS ETF $ � - � - �

iShares Edge MSCI USA Multifactor UCITS ETF $ " � " - �

iShares Edge MSCI USA Quality Factor UCITS ETF $ � - � - �

iShares Edge MSCI USA Size Factor UCITS ETF $ � - � - �

iShares Edge MSCI USA Value Factor UCITS ETF $ � - � - �

* All $, £ and € base currency Funds are denominated in United States Dollar, British Pound and Euro respectively. ** Funds trade on the Deutsche Börse Xetra XTF Funds Platform of the Frankfurt Stock Exchange.

iSHARES IV PLC



Stock exchange listings (continued)

Fund Base

Currency*

London Stock

Exchange Borsa Italiana

Deutsche Börse**

NYSE Euronext Amsterdam

SIX Swiss

Exchange

iShares Edge MSCI World Momentum Factor UCITS ETF $ " � " - �

iShares Edge MSCI World Multifactor UCITS ETF $ � � � - �

iShares Edge MSCI World Quality Factor UCITS ETF $ � � � - �

iShares Edge MSCI World Size Factor UCITS ETF $ � � � - �

iShares Edge MSCI World Value Factor UCITS ETF $ � � � - �

iShares Fallen Angels High Yield Corp Bond UCITS ETF $ � � � - �

iShares Healthcare Innovation UCITS ETF $ � � � - �

iShares iBonds Sep 2018 $ Corp UCITS ETF $ � - - - -

iShares MSCI China A UCITS ETF $ � - � - �

iShares MSCI EM SRI UCITS ETF $ � - � - �

iShares MSCI EMU Large Cap UCITS ETF € � � � - �

iShares MSCI EMU Mid Cap UCITS ETF € � � � - �

iShares MSCI France UCITS ETF € � - � - �

iShares MSCI Japan SRI EUR Hedged UCITS ETF (Acc) € � - � - -

iShares MSCI USA SRI UCITS ETF $ � - � - �

iShares TA-25 Israel UCITS ETF $ " - � - �

iShares US Equity Buyback Achievers UCITS ETF $ � - � - �

iShares US Mortgage Backed Securities UCITS ETF $ � - � - �

* All $, £ and € base currency Funds are denominated in United States Dollar, British Pound and Euro respectively. ** Funds trade on the Deutsche Börse Xetra XTF Funds Platform of the Frankfurt Stock Exchange.

Transactions with connected parties

In accordance with the requirements of the CBI, the Manager shall ensure that any transactions carried out between the Funds and the

Manager or Depositary to the Funds, the delegates or sub-delegates of the Manager or Depositary (excluding any non-group company sub-

custodians appointed by a Depositary) and any associated or group company of the Manager, Depositary, delegate or sub-delegate (“Connected

Parties”) must be conducted at arm’s length and in the best interests of the shareholders.

The board of directors of the Manager are satisfied that there are arrangements in place, as evidenced by written procedures, to ensure that

the obligations set out above are applied to all transactions with Connected Parties and that transactions with Connected Parties entered into

during the period complied with this obligation.

Total expense ratio

The total expense ratio (“TER”) shown below expresses the sum of all fees, operating costs and expenses, with the exception of direct trading

costs, charged to each Fund’s assets as a percentage of the average Fund assets based on a twelve month period ended 30 November 2016.

Fund Unaudited TER (%)

iShares $ Short Duration Corp Bond UCITS ETF 0.20

iShares $ Short Duration High Yield Corp Bond UCITS ETF 0.45

iShares $ Treasury Bond 20+yr UCITS ETF 0.20

iSHARES IV PLC


[ 1 0 ] i S H A R E S I V P L C I N T E R I M R E P O R T

Total expense ratio (continued)

Fund Unaudited TER (%)

iShares $ Ultrashort Bond UCITS ETF 0.09*

iShares € Govt Bond 20yr Target Duration UCITS ETF 0.15

iShares € Ultrashort Bond UCITS ETF 0.09*

iShares £ Ultrashort Bond UCITS ETF 0.09*

iShares Ageing Population UCITS ETF** 0.40

iShares Automation & Robotics UCITS ETF** 0.40

iShares Digitalisation UCITS ETF** 0.40

iShares Edge MSCI Europe Momentum Factor UCITS ETF 0.25

iShares Edge MSCI Europe Multifactor UCITS ETF 0.45

iShares Edge MSCI Europe Quality Factor UCITS ETF 0.25

iShares Edge MSCI Europe Size Factor UCITS ETF 0.25

iShares Edge MSCI Europe Value Factor UCITS ETF 0.25

iShares Edge MSCI USA Momentum Factor UCITS ETF** 0.20

iShares Edge MSCI USA Multifactor UCITS ETF 0.35

iShares Edge MSCI USA Quality Factor UCITS ETF** 0.20

iShares Edge MSCI USA Size Factor UCITS ETF** 0.20

iShares Edge MSCI USA Value Factor UCITS ETF** 0.20

iShares Edge MSCI World Momentum Factor UCITS ETF 0.30

iShares Edge MSCI World Multifactor UCITS ETF 0.50

iShares Edge MSCI World Quality Factor UCITS ETF 0.30

iShares Edge MSCI World Size Factor UCITS ETF 0.30

iShares Edge MSCI World Value Factor UCITS ETF 0.30

iShares Fallen Angels High Yield Corp Bond UCITS ETF** 0.50

iShares Healthcare Innovation UCITS ETF** 0.40

iShares iBonds Sep 2018 $ Corp UCITS ETF 0.10

iShares MSCI China A UCITS ETF 0.65

iShares MSCI EM SRI UCITS ETF** 0.35

iShares MSCI EMU Large Cap UCITS ETF 0.49

iShares MSCI EMU Mid Cap UCITS ETF 0.49

iShares MSCI France UCITS ETF 0.25

iShares MSCI Japan SRI EUR Hedged UCITS ETF (Acc) 0.35

iShares MSCI USA SRI UCITS ETF** 0.30

iShares TA-25 Israel UCITS ETF 0.60

iShares US Equity Buyback Achievers UCITS ETF 0.55

iShares US Mortgage Backed Securities UCITS ETF 0.28

* The TER for this Fund is permanently discounted from 0.20% to 0.09%, the TER shown is the effective TER. ** As this Fund launched during the period, the fees, operating costs and expenses used to calculate the TER have been annualised.

Unclaimed dividends

In accordance with the prospectus, any dividend which has remained unclaimed for twelve years from the date of its declaration shall be

forfeited and cease to remain owing by the Company to investors and become the property of the relevant Fund.

iSHARES IV PLC


INVESTMENT MANAGER’S REPORT

i S H A R E S I V P L C I N T E R I M R E P O R T [ 1 1 ]

INVESTMENT OBJECTIVE

The investment objective of the Funds is to provide investors with a total return, taking into account the capital and income returns, which

reflect the total returns of the respective benchmark listed in the Background section

FUND PERFORMANCE*

The performance of the Funds for the period under review is shown below:

Fund return for the period

ended 30/11/2016

Benchmark return for the period

ended 30/11/2016


ended 30/11/2015


ended 30/11/2015

Fund % % % %

iShares $ Short Duration Corp Bond UCITS ETF 0.23 0.32 0.18 0.23

iShares $ Short Duration High Yield Corp Bond UCITS ETF 4.51 4.79 (4.72) (4.56)

iShares $ Treasury Bond 20+yr UCITS ETF (6.36) (6.29) (0.54) (0.45)

iShares $ Ultrashort Bond UCITS ETF 0.53 0.60 0.20 0.23

iShares € Govt Bond 20yr Target Duration UCITS ETF (0.42) (0.39) (3.37) (3.43)

iShares € Ultrashort Bond UCITS ETF 0.04 0.04 0.00 0.01

iShares £ Ultrashort Bond UCITS ETF 0.54 0.57 0.34 0.33

iShares Ageing Population UCITS ETF** (1.44) (1.41) N/A N/A

iShares Automation & Robotics UCITS ETF** 1.01 0.82 N/A N/A

iShares Digitalisation UCITS ETF** (6.02) (5.93) N/A N/A

iShares Edge MSCI Europe Momentum Factor UCITS ETF 0.32 0.82 (1.48) (1.18)

iShares Edge MSCI Europe Multifactor UCITS ETF*** (1.52) (1.38) 11.05 11.27

iShares Edge MSCI Europe Quality Factor UCITS ETF (4.29) (4.14) 0.32 0.53

iShares Edge MSCI Europe Size Factor UCITS ETF (0.43) (0.29) (1.21) (1.04)

iShares Edge MSCI Europe Value Factor UCITS ETF 2.21 2.31 (6.64) (6.63)

iShares Edge MSCI USA Momentum Factor UCITS ETF** (0.92) (0.94) N/A N/A

iShares Edge MSCI USA Multifactor UCITS ETF*** 8.70 8.73 5.82 5.85

iShares Edge MSCI USA Quality Factor UCITS ETF** 2.30 2.27 N/A N/A

iShares Edge MSCI USA Size Factor UCITS ETF** 5.21 5.25 N/A N/A

iShares Edge MSCI USA Value Factor UCITS ETF** 7.03 7.00 N/A N/A

iShares Edge MSCI World Momentum Factor UCITS ETF 0.72 0.76 (2.28) (2.24)

iShares Edge MSCI World Multifactor UCITS ETF*** 2.56 2.74 6.61 6.73

iShares Edge MSCI World Quality Factor UCITS ETF 0.84 0.83 (1.24) (1.17)

iShares Edge MSCI World Size Factor UCITS ETF 2.60 2.81 (5.31) (5.46)

iShares Edge MSCI World Value Factor UCITS ETF 5.90 5.98 (8.76) (8.79)

iShares Fallen Angels High Yield Corp Bond UCITS ETF** 2.53 2.95 N/A N/A

iShares Healthcare Innovation UCITS ETF** (9.87) (9.80) N/A N/A

iShares iBonds Sep 2018 $ Corp UCITS ETF 0.69 0.79 0.05 0.11

iShares MSCI China A UCITS ETF 8.26 8.12 (29.92) (28.62)

iShares MSCI EM SRI UCITS ETF** (1.26) (1.12) N/A N/A

iShares MSCI EMU Large Cap UCITS ETF 0.93 0.99 (1.32) (1.21)

* Fund performance is shown net of fees and expenses (TER). ** As this Fund launched during the period, performance figures are shown from launch date to period end date. ***As this Fund launched during the prior year, performance figures are shown from launch date to 30 November 2015.

iSHARES IV PLC


INVESTMENT MANAGER’S REPORT (continued)


FUND PERFORMANCE* (continued)


ended 30/11/2016


ended 30/11/2016


ended 30/11/2015


ended 30/11/2015

Fund % % % %

iShares MSCI EMU Mid Cap UCITS ETF 1.67 1.80 0.78 0.96

iShares MSCI France UCITS ETF 2.68 2.52 (0.44) (0.56)

iShares MSCI Japan SRI EUR Hedged UCITS ETF (Acc)**** 3.65 3.80 N/A N/A

iShares MSCI USA SRI UCITS ETF** 4.84 4.86 N/A N/A

iShares TA-25 Israel UCITS ETF**** 0.20 0.36 N/A N/A

iShares US Equity Buyback Achievers UCITS ETF 14.93 15.13 (4.24) (4.07)

iShares US Mortgage Backed Securities UCITS ETF**** (0.60) (0.59) N/A N/A

* Fund performance is shown net of fees and expenses (TER). ** As this Fund launched during the period, performance figures are shown from launch date to period end date. ***As this Fund launched during the prior year, performance figures are shown from launch date to 30 November 2015. **** As these Funds launched between 30 November 2015 and 31 May 2016 there are no comparatives.

The Fund return figures are the aggregated net monthly returns and are based on the average published pricing net asset value (“NAV”) for the

financial period under review. Due to accounting policy requirements under Irish accounting standards which apply to the financial statements,

there may be slight differences between the NAV per share as recorded in the financial statements and the published pricing NAV per share.

The returns are net of management fees.

Past performance may not necessarily be repeated and future performance may vary.

TRACKING ERROR

Realised tracking error is the annualised standard deviation of the difference in monthly returns between a Fund and its benchmark index.

Tracking error shows the consistency of the returns relative to the benchmark index over a defined period of time.

Anticipated tracking error is based on the expected volatility of differences between the returns of a Fund and the returns of its benchmark

index.

For physically replicating funds, the investment management approach is to buy a portfolio of securities that as far as practicable consist of the

securities that make up the benchmark index, in similar proportion to the weights represented in the benchmark index.

For non-replicating funds, the investment management approach aims to match the main risk characteristics of the benchmark index by

investing in a portfolio that is primarily made up of securities that represent the benchmark index. The objective is to generate a return which is

as close as practicable to the total return of the index net of transaction costs and gross of fees and other costs.

Cash management, efficient portfolio management techniques including securities lending, transaction costs from rebalancing and currency

hedging can have an impact on tracking error as well as the return differential between a Fund and its benchmark index. Importantly, these

impacts can be either positive or negative depending on the underlying circumstances.

In addition to the above, the Funds may also have a tracking error due to withholding tax suffered by the Funds on any income received from its

investments. The level and quantum of tracking error arising due to withholding taxes depends on various factors such as any reclaims filed on

behalf of the Funds with various tax authorities, any benefits obtained by the Funds under a tax treaty or any securities lending activities carried

out by the Funds.

iSHARES IV PLC




TRACKING ERROR (continued)

The table below shows the anticipated tracking error of the Funds (disclosed in the prospectus on an ex ante basis) against the realised

tracking error of the Funds as at 30 November 2016. Realised tracking error is calculated using data from the preceding 36 month observation

period. Where a Fund has not been trading for 36 months, the annualised tracking error since inception has been presented.

Anticipated

Tracking Error Realised

Tracking Error

Fund % %

iShares $ Short Duration Corp Bond UCITS ETF Up to 0.30 0.09

iShares $ Short Duration High Yield Corp Bond UCITS ETF Up to 0.45 0.20

iShares $ Treasury Bond 20+yr UCITS ETF* Up to 0.10 0.06

iShares $ Ultrashort Bond UCITS ETF Up to 0.10 0.05

iShares € Govt Bond 20yr Target Duration UCITS ETF* Up to 0.20 0.06

iShares € Ultrashort Bond UCITS ETF Up to 0.10 0.06

iShares £ Ultrashort Bond UCITS ETF Up to 0.10 0.05

iShares Ageing Population UCITS ETF* Up to 0.45 0.12

iShares Automation & Robotics UCITS ETF* Up to 0.40 0.36

iShares Digitalisation UCITS ETF* Up to 0.50 0.07

iShares Edge MSCI Europe Momentum Factor UCITS ETF* Up to 0.20 0.26

iShares Edge MSCI Europe Multifactor UCITS ETF* Up to 0.25 0.23

iShares Edge MSCI Europe Quality Factor UCITS ETF* Up to 0.20 0.17

iShares Edge MSCI Europe Size Factor UCITS ETF* Up to 0.20 0.22

iShares Edge MSCI Europe Value Factor UCITS ETF* Up to 0.20 0.21

iShares Edge MSCI USA Momentum Factor UCITS ETF* Up to 0.15 0.08

iShares Edge MSCI USA Multifactor UCITS ETF* Up to 0.25 0.04

iShares Edge MSCI USA Quality Factor UCITS ETF* Up to 0.15 0.08

iShares Edge MSCI USA Size Factor UCITS ETF* Up to 0.15 0.08

iShares Edge MSCI USA Value Factor UCITS ETF* Up to 0.15 0.41

iShares Edge MSCI World Momentum Factor UCITS ETF* Up to 0.20 0.11

iShares Edge MSCI World Multifactor UCITS ETF* Up to 0.25 0.08

iShares Edge MSCI World Quality Factor UCITS ETF* Up to 0.20 0.12

iShares Edge MSCI World Size Factor UCITS ETF* Up to 0.20 0.22

iShares Edge MSCI World Value Factor UCITS ETF* Up to 0.20 0.11

iShares Fallen Angels High Yield Corp Bond UCITS ETF* Up to 0.25 0.07

iShares Healthcare Innovation UCITS ETF* Up to 0.60 0.24

iShares iBonds Sep 2018 $ Corp UCITS ETF* Up to 0.40 0.15

iShares MSCI China A UCITS ETF* Up to 2.50 2.07

iShares MSCI EM SRI UCITS ETF* Up to 0.50 0.24

iShares MSCI EMU Large Cap UCITS ETF Up to 0.25 0.25

iShares MSCI EMU Mid Cap UCITS ETF Up to 0.30 0.28

iShares MSCI France UCITS ETF* Up to 0.40 0.41

iShares MSCI Japan SRI EUR Hedged UCITS ETF (Acc)* Up to 0.20 0.07

iShares MSCI USA SRI UCITS ETF* Up to 0.10 0.02

iShares TA-25 Israel UCITS ETF* Up to 0.40** 2.76

iShares US Equity Buyback Achievers UCITS ETF* Up to 0.15 0.11

iShares US Mortgage Backed Securities UCITS ETF* Up to 0.30 0.27

*The realised tracking error is normally computed from 36 months of returns. The Fund's return history is too short to give a statistically significant tracking error. **From January 2017 the anticipated tracking error has been revised to 1.5%.

iSHARES IV PLC




CALENDAR YEAR PERFORMANCE

The performance of the Funds, on a calendar year basis, is shown below:

2016 2015 2014 2013 01/01/2016 01/01/2015 01/01/2014 01/01/2013 Launch to 30/11/2016 to 31/12/2015 to 31/12/2014 to 31/12/2013 Date Fund Benchmark Fund Benchmark Fund Benchmark Fund Benchmark

Fund* % % % % % % % %

iShares $ Short Duration Corp Bond

UCITS ETF Oct-13 1.94 2.17 1.03 1.17 1.33 1.59 0.53 0.54

iShares $ Short Duration High Yield Corp Bond

UCITS ETF Oct-13 9.94 10.62 (3.76) (3.48) 0.19 0.32 1.72 1.65

iShares $ Treasury Bond 20+yr UCITS ETF Jan-15 1.79 1.97 (7.91) (7.77) N/A N/A N/A N/A

iShares $ Ultrashort Bond UCITS ETF Oct-13 1.06 1.25 0.48 0.57 0.23 0.46 0.11 0.15

iShares € Govt Bond 20yr Target Duration

UCITS ETF Jan-15 12.13 12.19 (6.30) (6.31) N/A N/A N/A N/A

iShares € Ultrashort Bond UCITS ETF Oct-13 0.19 0.18 0.15 0.17 0.55 0.68 0.09 0.11

iShares £ Ultrashort Bond UCITS ETF Oct-13 0.83 0.89 0.66 0.67 0.71 0.88 0.16 0.18

iShares Ageing Population UCITS ETF Sep-16 (1.44) (1.41) N/A N/A N/A N/A N/A N/A

iShares Automation & Robotics UCITS ETF Sep-16 1.01 0.82 N/A N/A N/A N/A N/A N/A

iShares Digitalisation UCITS ETF Sep-16 (6.02) (5.93) N/A N/A N/A N/A N/A N/A

iShares Edge MSCI Europe Momentum Factor

UCITS ETF Jan-15 (1.50) (1.09) 8.74 8.89 N/A N/A N/A N/A

iShares Edge MSCI Europe Multifactor

UCITS ETF Sep-15 (4.13) (3.85) 6.72 7.04 N/A N/A N/A N/A

iShares Edge MSCI Europe Quality Factor


iShares Edge MSCI Europe Size Factor


iShares Edge MSCI Europe Value Factor


iShares Edge MSCI USA Momentum Factor

UCITS ETF Oct-16 (0.92) (0.94) N/A N/A N/A N/A N/A N/A

iShares Edge MSCI USA Multifactor

UCITS ETF Sep-15 10.61 10.68 3.78 3.82 N/A N/A N/A N/A

iShares Edge MSCI USA Quality Factor UCITS

ETF Oct-16 2.30 2.27 N/A N/A N/A N/A N/A N/A

iShares Edge MSCI USA Size Factor

UCITS ETF Oct-16 5.21 5.25 N/A N/A N/A N/A N/A N/A

iShares Edge MSCI USA Value Factor

UCITS ETF Oct-16 7.03 7.00 N/A N/A N/A N/A N/A N/A

iShares Edge MSCI World Momentum Factor

UCITS ETF Oct-14 2.57 2.64 3.83 4.06 3.98 4.01 N/A N/A

iShares Edge MSCI World Multifactor

UCITS ETF Sep-15 2.72 3.03 5.11 5.25 N/A N/A N/A N/A

iShares Edge MSCI World Quality Factor

UCITS ETF Oct-14 3.42 3.40 2.48 2.63 2.59 2.69 N/A N/A

* Where a Fund's launch date is within a performance period, figures are shown from the launch to the year end.

iSHARES IV PLC




CALENDAR YEAR PERFORMANCE (continued)

The performance of the Funds, on a calendar year basis, is shown below:

2016 2015 2014 2013 01/01/2016 01/01/2015 01/01/2014 01/01/2013 Launch to 30/11/2016 to 31/12/2015 to 31/12/2014 to 31/12/2013 Date Fund Benchmark Fund Benchmark Fund Benchmark Fund Benchmark

Fund* % % % % % % % %

iShares Edge MSCI World Size Factor

UCITS ETF Oct-14 6.46 6.83 (0.08) (0.26) 1.98 2.04 N/A N/A

iShares Edge MSCI World Value Factor

UCITS ETF Oct-14 4.92 4.91 (3.27) (3.28) 0.80 0.86 N/A N/A

iShares Fallen Angels High Yield Corp Bond

UCITS ETF Jun-16 2.53 2.95 N/A N/A N/A N/A N/A N/A

iShares Healthcare Innovation UCITS ETF Sep-16 (9.87) (9.80) N/A N/A N/A N/A N/A N/A

iShares iBonds Sep 2018 $ Corp UCITS ETF Mar-15 2.24 2.44 0.58 0.66 N/A N/A N/A N/A

iShares MSCI China A UCITS ETF Apr-15 (11.81) (11.82) (18.74) (17.09) N/A N/A N/A N/A

iShares MSCI EM SRI UCITS ETF Jul-16 (1.26) (1.12) N/A N/A N/A N/A N/A N/A

iShares MSCI EMU Large Cap UCITS ETF Sep-13 (2.42) (2.65) 8.31 8.26 4.44 4.42 8.81 8.94

iShares MSCI EMU Mid Cap UCITS ETF Sep-13 (1.53) (1.37) 17.08 17.10 3.63 3.86 6.26 6.58

iShares MSCI France UCITS ETF Sep-14 2.61 1.80 11.98 11.27 (3.53) (3.72) N/A N/A

iShares MSCI Japan SRI EUR Hedged UCITS

ETF (Acc) May-16 7.54 7.67 N/A N/A N/A N/A N/A N/A

iShares MSCI Russia Capped Swap** Sep-10 N/A N/A N/A N/A N/A N/A 3.86 5.34

iShares MSCI USA SRI UCITS ETF Jul-16 4.84 4.86 N/A N/A N/A N/A N/A N/A

iShares S&P CNX Nifty India Swap** Sep-10 N/A N/A N/A N/A N/A N/A (7.50) (6.43)

iShares S&P GSCI Dynamic Roll

Agriculture Swap** Jan-12 N/A N/A N/A N/A N/A N/A (14.95) (14.22)

iShares S&P GSCI Dynamic Roll

Commodity Swap** Jan-12 N/A N/A N/A N/A N/A N/A (3.95) (3.17)

iShares S&P GSCI Dynamic Roll Energy Swap** Jan-12 N/A N/A N/A N/A N/A N/A (0.05) 0.75

iShares S&P GSCI Dynamic Roll Industrial

Metals Swap** Jan-12 N/A N/A N/A N/A N/A N/A (12.53) (11.85)

iShares TA-25 Israel UCITS ETF Jan-16 1.67 1.95 N/A N/A N/A N/A N/A N/A

iShares US Equity Buyback Achievers

UCITS ETF Feb-15 18.81 19.19 (5.47) (5.17) N/A N/A N/A N/A

iShares US Mortgage Backed Securities

UCITS ETF May-16 (0.42) (0.51) N/A N/A N/A N/A N/A N/A

* Where a Fund's launch date is within a performance period, figures are shown from the launch to the year end. ** Where a Fund's closure date is within a performance period, figures are shown from the start of the period to closure date.

The Fund return figures are the aggregated net monthly returns and are based on the average published pricing NAV for the financial period

under review. Due to accounting policy requirements under Irish accounting standards which apply to the financial statements, there may be

slight differences between the NAV per share as recorded in the financial statements and the published pricing NAV per share. The returns are

net of management fees.

Past performance may not necessarily be repeated and future performance may vary.

iSHARES IV PLC




MARKET REVIEW

Equities

Global equities

This market review summary covers iShares Edge MSCI World Momentum Factor UCITS ETF, iShares Edge MSCI World Multifactor UCITS

ETF, iShares Edge MSCI World Quality Factor UCITS ETF, iShares Edge MSCI World Size Factor UCITS ETF and iShares Edge MSCI World Value

Factor UCITS ETF.

Following a bout of volatility in June 2016 in the aftermath of the UK’s surprise vote to leave the European Union (“EU”), global equities

subsequently rallied to end the Company’s six month review period with modest positive returns.

Global equities began the review period on a mixed note as signs that US economic activity was picking up were largely offset by uncertainties

ahead of the UK’s EU membership referendum. Although opinion polls had suggested that the result could be close, global equity markets fell

sharply in the immediate aftermath of the public’s vote to leave the EU (“Brexit”). However, markets soon recovered their poise as investors

concluded that the ensuing uncertainty could convince central banks to maintain, or even expand, their stimulus programmes. Global equities’

firm tone extended into early September 2016; following the Bank of England’s (“BoE”) August 2016 decision to cut interest rates, the US

Federal Reserve (“Fed”) cited Brexit related uncertainty as a factor behind the decision to refrain from raising interest rates at its September

2016 meeting, despite the strength of the US labour market. Although firmer commodity prices, notably crude oil, reflecting more encouraging

news from China’s economy, also underpinned sentiment, signs that the Fed was gradually moving towards a rise in US interest rates before the

end of the year began to weigh on global stocks in October 2016, as did political uncertainties ahead of the US presidential election. Despite an

initial selloff on news of Donald Trump’s election success amid policy uncertainties, growing confidence that the President elect would embark

on a significant infrastructure improvement programme resulted in renewed strength in commodity markets, helping global equites to end the

review period on a firm note.

During the Company’s review period, World Momentum Factor equities posted positive returns but underperformed wider global equities,

weighed by relatively low exposure to certain outperforming financials such as JP Morgan Chase and relatively high exposure to certain

underperforming consumer staples companies, such as Altria Group.

World Quality Factor equities also posted positive returns and underperformed wider global equities, with returns hampered by exposure to

several underperforming healthcare stocks, including Novo Nordisk and Roche. World Size Factor and World Multifactor equities performed

broadly in line with their wider market counterparts. World Value Factor equities outperformed broader global equities, boosted by exposure to

selected outperforming financials such as Bank of America and specific consumer discretionary stocks such as Toyota Motor.

European equities

This market review summary covers iShares Edge MSCI Europe Momentum Factor UCITS ETF, iShares Edge MSCI Europe Multifactor UCITS

ETF, iShares Edge MSCI Europe Quality Factor UCITS ETF, iShares Edge MSCI Europe Size Factor UCITS ETF, iShares Edge MSCI Europe

Value Factor UCITS ETF, iShares MSCI EMU Large Cap UCITS ETF, iShares MSCI EMU Mid Cap UCITS ETF and iShares MSCI France UCITS

ETF.

European equities produced disappointing returns over the review period, underperforming compared to their global counterparts, weighed by

political and economic concerns in the wake of the Brexit vote.

European bourses began the six month review period on a nervous note, reflecting growing uncertainties ahead of the UK’s 23 June 2016

referendum. However, having broadly followed the gyrations of their UK and global peers in the aftermath of the ‘Leave’ vote, European equity

markets generally lagged behind their overseas counterparts’ rally. This reflected some concerns that Brexit would embolden Eurosceptic

parties across Europe, thereby raising political risks across the continent. Moreover, fears over the stability of some parts of the European

financial sector also mounted in the aftermath of the Brexit vote, with some Italian banks coming under scrutiny amid concern over their

capitalisation levels.

iSHARES IV PLC




MARKET REVIEW (continued)

Equities (continued)

European equities (continued)

Although firmer commodity prices lent support to large cap resource stocks across the region, while also helping to allay some lingering

concerns over deflationary risks, European stocks continued to underperform their overseas peers during the final weeks of the review period.

This largely reflected concerns that the region’s economic recovery could be faltering amid disappointing news that the Eurozone economy grew

by just 0.3% during the third quarter of 2016, matching its second quarter performance, compared to growth of 0.5% in the January to March

2016 period. European equities extended their poor relative performance during the final weeks of the review period; following Donald Trump’s

surprise US election victory in early November 2016, concerns grew that the sense of ‘anti establishment’ sentiment could heap further

pressure on Italian Prime Minister Matteo Renzi ahead of a December 2016 referendum over constitutional reform. Following the end of the

review period, these concerns would be vindicated as Prime Minister Renzi stepped down following the decisive ‘No’ vote.

Domestically focused EMU mid-caps outperformed their larger peers over the review period, helped by their lack of exposure to several

underperforming large cap financials, such as Italy’s Intesa Sanpaolo. French equities outperformed their wider European counterparts, helped

by the relatively strong performance of industrial gases group Air Liquide and personal care products maker L’Oreal. Europe Quality Factor

equities underperformed wider European indices, weighed by relatively large exposure to health care companies Novo Nordisk and

AstraZeneca. While Europe Size Factor equities performed generally in line with wider European indices, Europe Value Factor and Momentum

Factor outperformed. The former benefitted from exposure to industrial group Siemens and chemicals firm Bayer while the latter’s returns were

boosted by exposure to commodities group Glencore. Europe Multifactor equities underperformed, with exposure to real estate firm Unibail-

Rodamco detracting from returns.

US equities

This market review summary covers iShares Edge MSCI USA Momentum Factor UCITS ETF, iShares Edge MSCI USA Multifactor UCITS,

iShares Edge MSCI USA Quality Factor UCITS ETF, iShares Edge MSCI USA Size Factor UCITS ETF, iShares Edge MSCI USA Value Factor

UCITS ETF, iShares MSCI USA SRI UCITS ETF and iShares US Equity Buyback Achievers UCITS ETF.

US stocks produced solid positive returns over the Company’s review period, outperforming their wider global counterparts. US equities’ gains

reflected a combination of optimism that the improving domestic economic environment would help to underpin corporate profits and some

element of ‘safe haven’ buying amid post Brexit political uncertainties in Europe.

US stocks began the review period on a firm note relative to their European peers. Despite signs that US economic activity was picking up

further from the lull around the turn of the calendar year, investors drew encouragement from statements by senior Fed officials suggesting

that they would adopt a patient approach before implementing any further rises in US interest rates. Although falling in sympathy with

European markets in the immediate aftermath of the surprise Brexit news, US stocks’ losses were relatively minor in nature, while their

subsequent rebound was more pronounced. In contrast to Europe’s woes, data showed that US economic activity was picking up; annualised

growth rose from 0.8% in the first quarter of 2016 to 1.4% during the April to June 2016 period. Against this more encouraging domestic

backdrop, comments from Fed officials suggesting that US policymakers were set to resist calls to raise interest rates until international

uncertainties, notably in Europe, abated gave further impetus to the rally in US stocks. Nevertheless, US markets lost some ground in October

2016 amid some mixed corporate trading updates that reflected how the strong US currency was impacting on overseas earnings. The growing

conviction that the strength of the US labour market could soon force the Fed’s hand, and political uncertainties ahead of the November 2016

US presidential elections, also weighed to some extent on US stocks. News that US economic growth rose to 3.2% on an annualised basis

during the third quarter of 2016, the strongest quarterly growth in two years, heightened expectations that the Fed could raise interest rates as

soon as December 2016. Despite this, as some greater clarity emerged over President elect Trump’s economic policies, particularly the

proposed infrastructure improvement programme and the planned tax cuts, US equities ended the review period on a firm note.

The Buyback Achiever index outperformed the wider US market, helped by exposure to a range of stock level outperformers, including industrial

firm Quanta Services and restaurant operator Wendy’s. US Multifactor equities performed relatively well, helped by strong returns from IT

consultancy & professional services firm Accenture.

iSHARES IV PLC






US equities (continued)

Since iShares MSCI USA SRI Fund launched in July 2016, SRI equities performed broadly in line with wider US stocks for the remainder of the

review period. Following their launches in early October 2016, iShares Edge MSCI USA Quality Factor UCITS ETF, iShares Edge MSCI USA Size

Factor UCITS ETF and iShares Edge MSCI USA Value Factor UCITS ETF produced positive returns. However, iShares Edge MSCI USA Momentum

Factor UCITS ETF produced negative returns, weighed by a slide in personal & household care products firm Proctor & Gamble

Japanese equities

This market review summary covers iShares MSCI Japan SRI EUR Hedged UCITS ETF (Acc).

Japanese equities generated positive returns over the Company’s review period, marginally outperforming relative to their international

counterparts. Although the effects of the strong Japanese Yen remained a concern for much of the period, optimism that the Far East region’s

economic prospects were gradually improving underpinned sentiment towards the Japanese market.

Japanese stocks broadly tracked the movements of their overseas peers early in the review period, suffering a short lived dip in response to the

surprise Brexit vote. Despite deepening concerns over the impact of ongoing Japanese Yen strength on exporters’ international earnings, with

the Japanese currency approaching 100 to the US Dollar in early July 2016, a gain of nearly 20% since the turn of the calendar year, some

optimism that the worst was over for the domestic economy lent support to Japanese stocks. Compared to a (0.2%) contraction during the final

quarter of 2015, revised data released early in the review period showed that Japan’s economy had grown by 0.5% during the first quarter of

2016. Although there was some disappointment that the strength of the labour market was not feeding through to give a sustained boost to

consumer activity, Japanese equities benefited from investors’ optimism that a gradual recovery in demand from China, the US and Europe

could help to offset the effect of Japanese Yen strength.

Nevertheless, with slowing private consumption and government spending contributing to a cooling in economic activity during the second

quarter of 2016, investors took comfort from the government’s latest fiscal support package aimed at supporting low income workers and

boosting infrastructure spending. Investors also drew confidence from the Bank of Japan’s (“BoJ”) plan to revamp its stimulus programme to

target 10 year bond yields at zero in an effort to underpin inflation. During the final weeks of the review period, Japanese stocks received a

further boost from news that rising exports had helped the economy to grow by a stronger than expected 0.5% during the third quarter of 2016,

compared to just 0.2% three months earlier. Following Donald Trump’s US election victory, a surge in the US Dollar, to around 114 versus the

Japanese Yen, raised hopes that some of the currency pressure on Japanese exporters could ease further. Over the review period the Japanese

currency lost ground relative to the US Dollar but ended marginally stronger versus the Euro.

Japanese SRI indices underperformed relative to their mainstream peers over the review period, with the lack of exposure to several

outperforming stocks such as Toyota Motor and SoftBank acting as a drag on returns.

Israeli equities

This market review summary covers iShares TA-25 Israel UCITS ETF.

Following its broadly neutral performance relative to other developed markets early in the six month review period, the Israeli stock market

subsequently underperformed. Although signs from the domestic economy remained generally positive, with the labour market improving and

Gross Domestic Product growing by 0.8%, 1.2% and 0.8% over the first, second and third quarters of the year respectively, poor returns from the

country’s very large health care sector, which represents approximately 27% of the TA-25 market index, weighed on returns.

In particular, Perrigo and Mylan shares performed very poorly amid weakening global investor sentiment towards healthcare stocks. Ahead of

the US election, speculation over the scope for greater political intervention over the pricing of pharmaceuticals impacted on sentiment.

Following Donald Trump’s victory, investors rotated away from some more ‘defensive’ sectors, such as health care, into areas perceived as

greater potential beneficiaries of higher infrastructure spending, such as the materials sector.

iSHARES IV PLC






Emerging markets

This market review summary covers iShares MSCI China A UCITS ETF and iShares MSCI EM SRI UCITS ETF.

Emerging market equities generated strong returns over the Company’s review period, significantly outperforming relative to their developed

counterparts.

Despite some volatility in global markets early in the review year as European stock valuations gyrated amid Brexit related uncertainties, more

encouraging news flow from developing economies helped emerging markets to outperform. Previous concerns that China’s economy could be

facing an abrupt slowdown gradually eased, initially helped by more encouraging survey data from the manufacturing sector. Subsequently,

news emerged that China’s economy grew by 6.7% on a year on year basis during the second quarter of 2016, matching its first quarter

performance, raising hopes that the earlier slowdown in growth could be gradually bottoming out, with fears over a ‘hard landing’ abating.

Meanwhile, commodity prices also found support amid more encouraging signs from the global economy. This lent support to the resource rich

Brazilian market, which also benefitted from hopes of greater political clarity as the process which would eventually lead to the impeachment of

President Dilma Rousseff on the grounds of the misuse of public funds advanced.

Having generated strong returns, both on an outright basis and relative to their developed counterparts, during the third quarter of 2016,

emerging markets lost ground in late October and November 2016. Despite a further round of supportive data from China’s economy, including

news that economic growth held at 6.7% during the third quarter of 2016, growing political uncertainty around the US elections convinced some

investors to pare back exposure to markets perceived as higher risk. The growing conviction that US interest rates could rise around the turn of

the calendar year also weighed to some extent on emerging markets late in the review period.

Over the period Chinese equities performed broadly in line with their wider emerging market peers and outperformed broader global equities.

Since iShares MSCI EM SRI UCITS ETF launched in July 2016, EM SRI equities generally underperformed their broader market peers. Towards

the end of the review period, this mainly reflected the relatively large representation of the underperforming IT sector and the relatively low

weightings among outperforming resources companies in the EM SRI universe.

Fixed income

Government bonds

This market review summary covers iShares $ Treasury Bond 20+yr UCITS ETF and iShares € Govt Bond 20yr Target Duration UCITS ETF.

Long dated government bond markets rallied early in the review period amid safe haven buying in the wake of the Brexit vote and confidence

that relatively muted rates of economic growth would enable policymakers to keep interest rates at historically low levels. Despite signs that US

economic activity was picking up during the summer, investors also drew succor from comments by senior Fed officials suggesting that

policymakers would remain patient before raising US interest rates further. However, optimism that the European Central Bank (“ECB”)’s

extraordinary degree of economic stimulus, growing evidence that deflationary forces in Europe were abating as oil and other commodity prices

rose and the looming prospect that the strengthening US economy would convince Fed policymakers to raise interest rates shortly weighed

heavily on long dated government bonds during the second half of the Company’s review period. While US bond markets fell heavily in November

2016 to end the period with significant losses, reflecting the view that the new Trump administration’s proposed infrastructure improvement

programme could fan inflationary forces and potentially convince the Fed to implement more aggressive interest increases in 2017, the returns

from their European peers dipped into moderate negative territory only very late in the review period. Despite rising global government bond

yields, European government debt prices were underpinned by growing levels of political uncertainty ahead of the Italian referendum and

conviction that the lacklustre nature of the Eurozone economic recovery would see the ECB maintaining ultra low borrowing costs for an

extended period.

iSHARES IV PLC





Fixed income (continued)

Corporate bonds

This market review summary covers iShares $ Short Duration Corp Bond UCITS ETF, iShares $ Short Duration High Yield Corp Bond UCITS

ETF, iShares $ Ultrashort Bond UCITS ETF, iShares € Ultrashort Bond UCITS ETF, iShares £ Ultrashort Bond UCITS ETF, iShares iBonds Sep

2018 $ Corp UCITS ETF and iShares Fallen Angels High Yield Corp Bond UCITS ETF.

Short dated credit produced modest positive returns over the Company’s review period, marginally outperforming their government peers of

similar maturities. Despite sporadic ‘flight to safety’ moves as investors switched from credit to government debt during periods of uncertainty,

particularly in the aftermath of the Brexit vote, corporate bonds continued to attract buying from investors seeking attractive levels of yield.

High yield bonds were particular beneficiaries of this ongoing search for income, while the US sub-investment grade market also benefitted

from the recovery in oil & gas prices given the relatively high representation of energy sector borrowers in the US high yield space.

While Sterling and US Dollar short dated credit markets produced modest positive gains over the review period, their Euro peers delivered

largely flat returns, reflecting investors’ reduced appetite for risk given uncertainties across the single currency zone. Since inception on 22

June 2016, iShares Fallen Angels High Yield Corp Bond UCITS ETF, which offers diversified exposure to a subset of high yield corporate bonds

that have been downgraded to sub-investment grade at some point in their trading history, marginally underperformed broader $ high yield

bonds over the remainder of the Company’s review period.

Mortgage debt

This market review summary covers iShares US Mortgage Backed Securities UCITS ETF.

Following the Fund’s inception in May 2016, mortgage backed bond markets produced steady gains for much of the remainder of the review

period, largely matching the returns from medium dated US Dollar credit markets until late October 2016. However, mortgage backed assets fell

sharply in value in November 2016, largely reflecting higher default risks as the prospect of higher interest rates as a result of the incoming US

administration’s spending plans. Against this backdrop, since the inception date, mortgage backed securities underperformed both government

and corporate bonds over the remainder of the Company’s review period.

Other speciality funds

This market review summary covers iShares Ageing Population UCITS ETF.

Launched in September 2016, the Fund seeks to offer competitively priced and diversified access to companies that specifically provide

products or services to the world’s ageing population (defined as people aged 60 years or above). Since launch, the Fund underperformed wider

equity markets over the remainder of the Company’s review period, reflecting investors’ preference for traditional growth based sectors, such as

materials, following the US election result.

This market review summary covers iShares Automation & Robotics UCITS ETF.

Launched in September 2016, the Fund seeks to offer competitively priced and diversified access to companies that are developing technology

in the fields of automation and robotics, across both developed and emerging markets. Since launch, the Fund outperformed wider equity

markets over the remainder of the Company’s review period, reflecting holdings across a range of outperforming industrial companies with

particular expertise in automation & robotic technologies.

This market review summary covers iShares Digitalisation UCITS ETF.

Launched in September 2016, the Fund seeks to offer competitively priced and diversified access to companies that offer digitally focused

services across both developed and emerging markets. Since launch, the Fund underperformed wider equity markets over the remainder of the

Company’s review period, reflecting some investors’ perception of a lack of clarity over the incoming US government’s policies towards the IT

sector, particularly with regard to the perceived risk of new trade barriers and taxation changes.

iSHARES IV PLC





Fixed income (continued)

Other speciality funds (continued)

This market review summary covers iShares Healthcare Innovation UCITS ETF.

Launched in September 2016, the Fund seeks to offer competitively priced and diversified access to companies across the world that are

focused on innovation within global healthcare services, across both developed and emerging markets. Since launch, the Fund underperformed

wider equity markets over the remainder of the Company’s review period, reflecting investors’ preference for traditional growth based sectors,

such as materials, rather than more defensive areas, such as healthcare, following the US election result.

BlackRock Advisors (UK) Limited

December 2016

iSHARES IV PLC


FINANCIAL INSTRUMENTS AND RISKS*

* The information relating to financial instruments and risks is an integral part of the notes to the financial statements.


Introduction and overview

The Company's investment activities expose it to the various types of

risk which are associated with the financial instruments and markets

in which it invests. The following information is not intended to be a

comprehensive summary of all risks, and investors should refer to the

prospectus and supplements for a more detailed discussion of the

risks inherent in investing in the Company.

Risk management framework

The principal risks and uncertainties of the Company and related risk

management policies are consistent with those disclosed in the Company’s audited financial statements as at and for the year ended

31 May 2016.

The Directors of the Company consider the following risks to be the

principal risks and uncertainties facing the Company for the period:

a) Market risk

Market risk arises mainly from uncertainty about future values of

financial instruments influenced by other price, currency and interest

rate movements. It represents the potential loss the Funds may suffer

through holding market positions in the face of market movements.

i) Market risk arising from other price risk

Exposure to other price risk

Other price risk is the risk that the fair value or future cash flows of a

financial instrument will fluctuate because of changes in market

prices (other than those arising from interest rate risk or currency

risk), whether those changes are caused by factors specific to the

individual financial instrument or its issuer, or factors affecting

similar financial instruments traded in the market.

The Funds are exposed to market risk by virtue of their investments in

equities, rights, bonds, mortgage backed securities ("MBS"),

contracts for difference ("CFDs"), forward currency contracts and

futures contracts.

The movements in the prices of these investments result in

movements in the performance of the Funds. The investment

concentrations within the portfolio are disclosed in the schedules of

investments by investment type.

For iShares MSCI China A UCITS ETF, the existence of a liquid trading

market may depend on whether there is a readily available supply of, and corresponding demand for China A Shares.

The price at which China A Shares may be purchased or sold by the

Fund, upon any rebalancing activities or otherwise, and the NAV of the

Fund may be adversely affected if trading markets for the China A

Shares are limited or absent. Market volatility and settlement

difficulties in the China A Shares markets may result in significant

fluctuation in the prices of securities traded on such markets and may

consequently increase the volatility of the Net Asset Value of the

Fund.

Management of other price risk

The Investment Manager manages the Funds' market risk on a daily

basis in accordance with the Funds' investment objective. The

investment objective of the Funds is to provide investors with a total

return, taking into account the capital and income returns, which

reflect the total returns of the respective benchmark. The Funds’

performances are correlated to their benchmark. The correlation of

the Funds’ performance against the benchmark is a metric monitored

by key management personnel.

ii) Market risk arising from foreign currency risk

Exposure to foreign currency risk

Foreign currency risk is the risk that the fair value or future cash flows

of a financial instrument will fluctuate because of changes in foreign

exchange rates.

The Funds may invest in securities, which as far as possible and

practicable, consist of the component securities of the benchmark

index of each Fund, and which may be denominated in currencies

other than its reporting currency.

The Funds with the exception of iShares MSCI Japan SRI EUR Hedged

UCITS ETF (Acc) (the "Currency Hedged Fund"), in line with their

benchmarks, are unhedged and are therefore exposed to foreign

currency risk.

Consequently, each Fund is exposed to the risk of currency

fluctuations between the base currency of the benchmark index and

the base currency of the constituent securities of the benchmark

index.

The Funds may also invest in forward currency contracts and thus gain

further exposure to foreign currency risk.

Management of foreign currency risk

To minimise this risk, the Currency Hedged Fund invests in forward

currency contracts that as far as possible track the hedging

methodology of the benchmark index.

iSHARES IV PLC


FINANCIAL INSTRUMENTS AND RISKS* (continued)



a) Market risk (continued)

ii) Market risk arising from foreign currency risk (continued)

Management of foreign currency risk (continued)

The benchmark index is designed to represent a close approximation

of the return that can be achieved by hedging the currency exposures

of the index in the one month forward market at the end of each

month.

Exchange rate exposures are managed where appropriate and in

compliance with the prospectus utilising forward currency contracts.

The details of the contracts in place at the period-end date are

disclosed in the schedules of investments.

For iShares MSCI China A UCITS ETF, the onshore Renminbi is the

official currency of the PRC and is the currency of denomination for all

financial transactions between individuals, state and corporations in

the PRC.

Hong Kong is the first jurisdiction to allow for the accumulation of

Renminbi deposits outside the PRC. Since June 2010, the offshore

market for Renminbi is traded officially and regulated jointly by the

Hong Kong Monetary Authority and the People’s Bank of China (Hong

Kong) Limited (“PBOC”). While both onshore Renminbi ("CNY") and

offshore Renminbi ("CNH") are the same currency, the onshore and

offshore markets in which they are traded are largely separate and

independent and the movement of currency from one market to the

other is highly restricted. CNY and CNH are traded at different rates

and any movement may not be in the same direction. As a result the

Fund may be exposed to the exchange rate differences between CNH

and CNY and foreign exchange transaction costs associated with

converting from CNH to CNY and vice versa.

iii) Market risk arising from interest rate risk

Exposure to interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a

financial instrument will fluctuate because of changes in market

interest rates.

The Funds are exposed to interest rate risk through their cash

holdings, including margin cash held with brokers and their

investments in fixed and floating interest bearing securities where the

value of these securities may fluctuate as a result of a change in

interest rates.

The Funds also have indirect exposure to interest rate risk through

their investments into futures contracts, whereby the value of the

underlying asset may fluctuate as a result of a change in interest

rates.

Management of interest rate risk

Movements in the prices of these investments are derived from

movements in market interest rates and issuer creditworthiness.

Issuer creditworthiness and credit spreads are monitored by the

Investment Manager regularly. The securities in which the Funds

invest will generally have a minimum rating of investment grade from

a ratings agency as set out in the investment policy of the Funds.

Brexit

In a United Kingdom (“UK”) referendum held on 23 June 2016, the

electorate of the UK resolved to leave the European Union. The result

has led to political and economic instability, volatility in the financial

markets of the UK and more broadly across Europe. It may also lead

to weakening in consumer, corporate and financial confidence in such

markets as the UK negotiates its exit from the European Union. The

longer term process to implement the political, economic and legal

framework between the UK and the European Union is likely to lead to

continuing uncertainty and periods of exacerbated volatility in both

the UK and in wider European markets. In particular, the decision

made in the referendum may lead to a call for similar referendums in

other European jurisdictions which may also cause increased

economic volatility in wider European and global markets. The result

of this referendum does not change how the Funds’ portfolios are

managed however the mid to long term uncertainty may have an

adverse effect on the economy generally and therefore impact on the

ability of a Fund to execute on its strategy and it may also result in

increased costs to a Fund. For further details on the possible impact

of the results of the referendum please refer to the Investment

Manager’s report.

b) Counterparty credit risk

Exposure to counterparty credit risk

Counterparty credit risk is the risk that one party to a financial

instrument will cause a financial loss for the other party by failing to

discharge an obligation.

The Funds are exposed to counterparty credit risk from the parties

with which they trade and will bear the risk of settlement default.

Management of counterparty credit risk

Counterparty credit risk is monitored and managed by BlackRock’s

Risk and Quantitative Analysis (“RQA”) Counterparty & Concentration

Risk Team. The team is headed by BlackRock’s Chief Credit Officer

who reports to the Global Head of RQA. Credit authority resides with

the Chief Credit Officer and selected team members to whom specific

credit authority has been delegated.

iSHARES IV PLC





b) Counterparty credit risk (continued)

Management of counterparty credit risk (continued)

As such, counterparty approvals may be granted by the Chief Credit

Officer, or by identified RQA Credit Risk Officers who have been

formally delegated authority by the Chief Credit Officer.

The BlackRock RQA Counterparty & Concentration Risk Team

completes a formal review of each new counterparty, monitors and

reviews all approved counterparties on an ongoing basis and

maintains an active oversight of counterparty exposures and the

collateral management process.

There were no past due or impaired assets as at 30 November 2016 or

31 May 2016.

i) Exchange traded financial derivative instruments

The Funds’ holdings in futures contracts expose the Funds to

counterparty credit risk.

Management of counterparty credit risk related to futures contracts

The exposure is limited by trading the contracts through a clearing

house. The Funds’ exposure to counterparty credit risk on contracts in

which it currently has a gain position is reduced by such gains

received in cash from the counterparty under the daily mark-to-

market mechanism on exchange traded futures contracts (variation

margin). The Funds’ exposure to counterparty credit risk on contracts

in which it currently has a loss position is equal to the amount of

margin posted to the counterparty which has not been transferred to

the exchange under the daily mark-to-market mechanism. The

counterparties for futures contracts are Barclays Bank Plc, HSBC

Bank Plc and Citibank.

Margin is paid or received on futures contracts to cover any exposure

by the counterparty or the Funds to each other. The “Margin cash

account” on the condensed balance sheet consists of margin

receivable from or payable to the Company's clearing brokers and

various counterparties.

ii) Over-the-Counter (“OTC”) financial derivative instruments

The Funds’ holdings in OTC financial derivative instruments (including

CFDs) expose the Funds to counterparty credit risk.

Counterparty credit risk arises from the failure of the counterparty to

perform according to the terms of the contract. The Funds exposure to

counterparty credit risk is limited to the contracts in which it currently

has a financial asset position reduced by any collateral received from

the counterparty, or to counterparties who have received collateral

from the Funds.

All OTC financial derivative instruments are entered into by the Funds

under an International Swaps and Derivatives Associations, Inc.

Master Agreement (“ISDA Master Agreement”) or similar agreement.

An ISDA Master Agreement is a bilateral agreement between the

Funds and a counterparty that governs OTC financial derivative

instruments (including CFDs) entered into by the parties.

The parties’ exposures under the ISDA Master Agreement are netted

and collateralised together, therefore any collateral disclosures

provided are in respect of all OTC financial derivative instruments

entered into by the Funds under the ISDA Master Agreement, not just

CFDs. All non-cash collateral received/posted by the Funds under the

ISDA Master Agreement is transferred bilaterally under a title transfer

arrangement.

The carrying value of financial assets together with cash held with

counterparties best represents the Funds' gross maximum exposure

to counterparty credit risk at the reporting date, before including the

effect of ISDA Master Agreements and close-out netting, which would

reduce the overall counterparty credit risk exposure. Cash held as

security by the counterparty to derivative contracts is subject to the

credit risk of the counterparty.

The Funds’ maximum exposure to counterparty credit risk from

holding forward currency contracts will be equal to the notional

amount of the currency and any net unrealised gains as disclosed in

the schedule of investments.

Management of counterparty credit risk related to OTC financial

derivative instruments

For CFDs held by the Funds, cash movements take place on a daily

basis, above a $250,000 threshold. The risk is further mitigated as

contracts are reset on a monthly basis (1 year rolling maturity at each

monthly reset) with the gain or loss being realised in the relevant

Fund. The Fund is required to maintain collateral with the

counterparties to secure these financial instruments.

Forward currency contracts do not require variation margins and thus

the counterparty credit risk is monitored through the BlackRock RQA

Counterparty & Concentration Risk Team who monitor the

creditworthiness of the counterparty. The counterparties for forward

currency contracts are disclosed in the schedules of investments.

iSHARES IV PLC






iii) Depositary

The Funds’ Depositary is State Street Custodial Services (Ireland)

Limited (the "Depositary"). The majority of the investments are held by

same at period end. Investments are segregated from the assets of

the Depositary, with ownership rights remaining with the Funds.

Bankruptcy or insolvency of the Depositary may cause the Funds’

rights with respect to its investments held by the Depositary to be

delayed or limited. The maximum exposure to this risk is the amount

of long investments disclosed in the schedules of investments.

The Depositary has appointed State Street Bank and Trust Company

(the “Sub-Custodian”) as its global Sub-Custodian. Substantially all of

the cash of the Company is held with the Sub-Custodian. The Funds’

cash balances are held by the Sub-Custodian in its account together

with its own cash balances and with those cash balances that are

held on behalf of other clients. The Funds’ cash balances are

separately identifiable within the records of the Sub-Custodian.

In respect of the cash held by the Sub-Custodian or other depositaries

it appoints, the Funds will be exposed to counterparty credit risk of

the Sub-Custodian or those depositaries. In the event of the

insolvency or bankruptcy of the Sub-Custodian or other depositaries,

the Funds will be treated as a general creditor of the Sub-Custodian

or the depositaries.

Any China A Shares acquired by iShares MSCI China A UCITS ETF

through the RQFII Quota of the Investment Manager will be

maintained by the PRC Sub-Custodian through its delegate, the RQFII

Custodian. Cash will be held in Renminbi cash account(s) with the

RQFII Custodian on deposit, in accordance with the RQFII Custodian

Agreement. These securities account(s) and Renminbi cash

account(s) for iShares MSCI China A UCITS ETF in the PRC will be

maintained in accordance with the relevant rules and regulations.

While the non-cash assets held in such securities account(s) are

segregated from the assets of the Investment Manager and belong

solely to iShares MSCI China A UCITS ETF (as beneficial owner), it is

possible that this position may be interpreted by the PRC authorities

differently in the future.

The cash of iShares MSCI China A UCITS ETF held by the RQFII

Custodian will be held on deposit (as banker) and will, in practice, not

be segregated but will be a debt owing from the RQFII Custodian to the

Fund as a depositor. Such cash will be co-mingled with cash

belonging to other clients of the RQFII Custodian.

In the event of the insolvency of the RQFII Depositary, the Fund will

not have any proprietary rights to the cash deposited in the cash

account opened with the RQFII Custodian, and the Fund will become

an unsecured creditor of the RQFII Custodian, ranking equally with all

other unsecured creditors. The iShares MSCI China A UCITS ETF cash

balances are separately identified within the records of the RQFII

Custodian. iShares MSCI China A UCITS ETF may face difficulties

and/or encounter delays in recovering such debt, or may not be able

to recover it in full or at all, in which case the Fund will lose some or all

of its cash.

Management of counterparty credit risk related to the Depositary

To mitigate the Funds’ exposure to the Depositary, the Investment

Manager employs specific procedures to ensure that the Depositary is

a reputable institution and that the counterparty credit risk is

acceptable to the Funds. The Funds only transacts with Depositary’s

that are regulated entities subject to prudential supervision, or with

"high credit ratings" assigned by international credit rating agencies.

The long term credit rating of the parent company of the Depositary

and Sub-Custodian, State Street Corporation as at 30 November 2016

is A (31 May 2016: A) (Standard & Poor's rating).The long term credit

rating of PRC Sub-Custodian and RQFII Custodian (HSBC Bank (China)

Co Ltd) as at 30 November 2016 is AA- (31 May 2016: AA-) (Standard

and Poor's rating).

The Investment Manager selects brokers in the PRC (“PRC Broker(s)”)

to execute transactions for the Fund in markets in the PRC. There is a

possibility that the Investment Manager may only appoint one PRC

Broker for each of the Shenzhen Stock Exchange and the Shanghai

Stock Exchange, which may be the same broker. While PRC regulation

allows for up to three PRC Brokers to be appointed for each of the

Shenzhen and Shanghai stock exchanges, as a matter of practice, it is

likely that that only one PRC Broker will be appointed in respect of

each stock exchange in the PRC, as a result of the regulatory

requirement in the PRC that securities are sold through the same PRC

Broker through which they were originally purchased.

If the Investment Manager is unable to use the relevant broker in the

PRC, the Investment Manager would be unable to purchase China A

Shares and as such, the operation of iShares MSCI China A UCITS ETF

would be adversely affected and may cause shares in the Fund to

trade at a premium or discount to the Fund’s NAV or be unable to

track the Benchmark Index.

iSHARES IV PLC






iii) Depositary (continued)

Management of counterparty credit risk related to the Depositary

(continued)

There is also a risk that iShares MSCI China A UCITS ETF may suffer

losses from the default, insolvency or disqualification of a PRC Broker.

In such event, the Fund may be adversely affected in the execution of

transactions through such PRC Broker. As a result, the NAV of the

Fund may also be adversely affected. To mitigate the Fund’s exposure

to the PRC Broker(s), the Investment Manager employs specific

procedures to ensure that each PRC Broker selected is a reputable

institution and that the credit risk is acceptable to the Fund.

In order to further mitigate the Funds’ counterparty credit risk

exposure to the Sub-Custodian or depositary banks, the Funds may

enter into additional arrangements such as the placing of residual

cash in a money market Collective Investment Scheme ("CIS") for

example Institutional Cash Series Plc (“ICS”) shown as a cash

equivalent on the condensed balance sheet.

iv) Counterparties

All transactions in listed securities are settled/paid for upon delivery

using approved brokers. The risk of default is considered minimal, as

delivery of securities sold is only made once the broker has received

payment. Payment is made on a purchase once the securities have

been received by the broker. The trade will fail if either party fails to

meet its obligation.

Counterparty credit risk arising on transactions with brokers relates

to transactions awaiting settlement. Risk relating to unsettled

transactions is considered small due to the short settlement period

involved and the high credit quality of the brokers used.

Management of counterparty credit risk related to Counterparties

RQA monitors the credit rating and financial position of the brokers

used to further mitigate this risk.

v) Debt securities

Issuer credit risk is the default risk of one of the issuers of any

securities held by the Funds. Bonds or other debt securities involve

credit risk to the issuer which may be evidenced by the issuer’s credit

rating.

Securities which are subordinated and/or have a lower credit rating

are generally considered to have a higher credit risk and a greater

possibility of default than more highly rated. A number of the Funds

invest into sovereign and corporate debt. This exposes the Funds to

the risk that the issuer of the bonds may default on interest or

principal payments.

Management of counterparty credit risk related to debt securities

To manage this risk, the Investment Manager invests in a wide range

of debt securities, subject to the investment objectives of each Fund

and monitors the credit ratings of the investments as disclosed in the

schedules of investments. The ratings of the debt securities are

continually monitored by the BlackRock Portfolio Management Group

(“PMG”).

vi) Securities lending

The Funds engage in securities lending activities which expose the

Funds to counterparty credit risk. The maximum exposure to each

Fund is equal to the value of the securities loaned.

Securities lending transactions entered into by the Funds are subject

to a written legal agreement between the Funds and the Securities

Lending Agent, BlackRock Advisors (UK) Limited, a related party to the

Company, and separately between the Securities Lending Agent and

the approved borrowing counterparty. Collateral received in exchange

for securities lent is transferred under a title transfer arrangement

and is delivered to and held in an account with a tri-party collateral

manager in the name of the Depositary on behalf of the Funds.

Collateral received is segregated from the assets belonging to the

Funds’ Depositary or the Lending Agent.

Management of counterparty credit risk related to securities lending

To mitigate this risk, the Funds receive cash and securities as

collateral equal to a certain percentage in excess of the fair value of

the securities loaned. The Investment Manager monitors the fair value

of the securities loaned and additional collateral is obtained, if

necessary. As at the balance sheet date, all non-cash collateral

received consists of securities admitted to or dealt on a regulated

market.

The Funds also benefit from a borrower default indemnity provided by

BlackRock Inc. The indemnity allows for full replacement of securities

lent. BlackRock Inc. bears the cost of indemnification against

borrower default.

iSHARES IV PLC






vii) Collateral

The Funds engage in activities which may require collateral to be

provided to a counterparty (“collateral posted”) or may hold collateral

received (“collateral received”) from a counterparty.

Management of counterparty credit risk related to collateral

The Funds use inbound collateral received from a counterparty to

reduce the credit risk associated with any trading activity the Funds

have engaged in.

c) Liquidity risk

Exposure to liquidity risk

Liquidity risk is the risk that the Funds will encounter difficulties in

meeting their obligations associated with financial liabilities.

Liquidity risk to the Funds arises from the redemption requests of

investors and the liquidity of the underlying investments the Funds

are invested in. The Funds’ shareholders may redeem their shares on

the close of any daily dealing deadline for cash equal to a

proportionate share of the Funds’ NAV.

The Funds are therefore potentially exposed to the liquidity risk of

meeting the shareholders’ redemptions and may need to sell assets

at prevailing market prices to meet liquidity demands. It is also

exposed to the liquidity risk of daily margin calls on derivatives.

For iShares MSCI China A UCITS ETF, there may be additional liquidity

risk surrounding the repatriations of Renminbi by RQFIIs which are

currently permitted once a day and are not currently subject to any

lock-up restrictions or prior regulatory approval, however, there are

restrictions on the movement of onshore Renminbi offshore.

There is no assurance that PRC rules and regulations will not change

or that repatriation restrictions will not be imposed in the future.

Any restrictions on repatriation imposed may have an adverse effect

on iShares MSCI China A UCITS ETFs ability to meet redemption

requests. The PBOC is the only clearing bank for offshore Renminbi in

Hong Kong.

The remittance of Renminbi funds into the PRC and the repatriation of

Renminbi funds out of the PRC is dependent on the operational

systems and procedures developed by the PBOC for such purposes,

and there is no assurance that there will not be delays in remittance

and/or repatriation which are outside of the control of the Company.

iShares MSCI China A UCITS ETF is also dependent on the Depositary

and the RQFII Custodian properly carrying out any required remittance

of Renminbi into and out of the PRC.

The liquidity of iShares MSCI China A UCITS ETF will also be impacted

by any temporary or permanent suspensions of particular stocks

imposed from time to time by the Shanghai and/or Shenzhen Stock

Exchanges or as a result of any regulatory or governmental

intervention in relation to particular stocks or the markets. In

addition, companies listed on the Shanghai and/or Shenzhen Stock

Exchanges may also halt (i.e. voluntarily suspend) trading of their

securities on the stock exchanges. Any such suspension may make it

difficult for the Fund to acquire or liquidate positions in the relevant

stocks. The Shanghai and Shenzhen Stock Exchanges applied a daily

limit during the period, set at 10%, of the amount of fluctuation

permitted in the prices of China A Shares during a single trading day.

The daily limit refers to price movements only and does not restrict

trading within the relevant limit.

There can be no assurance that a liquid market on an exchange would

exist for any particular China A Share or for any particular time. Any

limit imposed on a stock held by the Fund may limit the ability of the

Fund to invest in or liquidate positions in the relevant stock thereby

potentially impacting on the NAV of the Fund and increasing tracking

error.

Management of liquidity risk

Liquidity risk is minimised by holding sufficient liquid investments

which can be readily realised to meet liquidity demands.

To manage this risk, if redemption requests on any dealing day

represent 10% or more of the shares in issue in respect of any Fund,

the Manager may, in its discretion, refuse to redeem any shares in

excess of 10% (at any time including after the cut-off time on the

dealing day).

Any request for redemption on such dealing day shall be reduced

rateably and the redemption requests shall be treated as if they were

received on each subsequent dealing day until all shares to which the

original request related have been redeemed.

In any event settlement for redemptions will normally be made within

fourteen days of the dealing day.

iSHARES IV PLC





c) Liquidity risk (continued)

Management of liquidity risk (continued)

The Funds’ liquidity risk is managed on a daily basis by the Investment

Manager in accordance with established policies and procedures in

place. The portfolio managers review daily forward-looking cash

reports which project cash obligations. These reports allow them to

manage their cash obligations.

If trading of particular China onshore securities held by iShares MSCI

China A UCITS ETF are suspended (whether by the PRC stock

exchanges or voluntarily by the issuers), the Fund will not be able to

sell the suspended securities in order to meet redemptions.

In such circumstances, the Fund is likely to sell a larger proportion of

non-suspended securities to meet redemptions. Similarly, in such

circumstances, the Fund will also not be able to purchase suspended

securities to meet subscriptions and is likely to purchase a larger

proportion of non-suspended securities to meet subscriptions. The

continuation of such suspensions, especially in circumstances where

redemptions exceed subscriptions or vice versa, could result in the

Fund’s investment portfolio deviating increasingly from the

constituents and weighting of its Benchmark Index. This could

increase the tracking error risk of the Fund, which is the risk that the

performance of the Fund deviates increasingly from the performance

of its Benchmark Index.

Such circumstances may cause the shares of the Fund to trade at a

significant premium or discount to the NAV on any stock exchange on

which they are admitted for trading.

d) Valuation of financial instruments

The Funds are required to classify financial instruments measured at

fair value using a fair value hierarchy. The fair value hierarchy has the

following categories:

Level 1 - Quoted prices for identical instruments in active markets

A financial instrument is regarded as quoted in an active market if

quoted prices are readily and regularly available and those prices

represent actual and regularly occurring market transactions on an

arm’s length basis. The Fund does not adjust the quoted price for

these instruments.

Level 2 - Valuation techniques using observable inputs

This category includes instruments valued using: quoted prices in

active markets for similar instruments; quoted prices for similar

instruments in markets that are considered less than active; or other

valuation techniques where all significant inputs are directly or

indirectly observable from market data.

Valuation techniques used for non-standardised financial

instruments such as OTC financial derivative instruments, include the

use of comparable recent arm’s length transactions, reference to

other instruments that are substantially the same, discounted cash

flow analysis, option pricing models and other valuation techniques

commonly used by market participants making the maximum use of

market inputs and relying as little as possible on entity determined

inputs.

Level 3 - Valuation techniques using significant unobservable inputs

This category includes all instruments where the valuation techniques

used include inputs not based on market data and these inputs could

have a significant impact on the instrument’s valuation.

This category also includes instruments that are valued based on

quoted prices for similar instruments where significant entity

determined adjustments or assumptions are required to reflect

differences between the instruments and instruments for which there

is no active market.

The level in the fair value hierarchy within which the fair value

measurement is categorised in its entirety is determined on the basis

of the lowest level input that is significant to the fair value

measurement in its entirety. For this purpose, the significance of an

input is assessed against the fair value measurement in its entirety. If

a fair value measurement uses observable inputs that require

significant adjustment based on unobservable inputs, that

measurement is a level 3 measurement.

Assessing the significance of a particular input to the fair value

measurement in its entirety requires judgement, considering factors

specific to the asset or liability. The determination of what constitutes

‘observable’ inputs requires significant judgement by the Investment

Manager. The Investment Manager considers observable inputs to be

that market data that is readily available, regularly distributed or

updated, reliable and verifiable, not proprietary, and provided by

independent sources that are actively involved in the relevant market.

iSHARES IV PLC





d) Valuation of financial instruments

The table below is an analysis of the Funds’ financial assets and financial liabilities measured at fair value at 30 November 2016 and

31 May 2016.

30 November 2016

Level 1 Level 2 Level 3 Total

iShares $ Short Duration Corp Bond UCITS ETF $‘000 $‘000 $‘000 $‘000

Financial assets at fair value through profit or loss

- Debt securities - 1,412,859 - 1,412,859

Total - 1,412,859 - 1,412,859

iShares $ Short Duration High Yield Corp Bond UCITS ETF $‘000 $‘000 $‘000 $‘000


- Debt securities - 632,453 - 632,453

Total - 632,453 - 632,453

iShares $ Treasury Bond 20+yr UCITS ETF $‘000 $‘000 $‘000 $‘000


- Debt securities - 101,410 - 101,410

Total - 101,410 - 101,410

iShares $ Ultrashort Bond UCITS ETF $‘000 $‘000 $‘000 $‘000


- Debt securities - 169,620 - 169,620

Total - 169,620 - 169,620

iShares € Govt Bond 20yr Target Duration UCITS ETF €‘000 €‘000 €‘000 €‘000


- Debt securities - 15,332 - 15,332

Total - 15,332 - 15,332

iShares € Ultrashort Bond UCITS ETF €‘000 €‘000 €‘000 €‘000


- Debt securities - 1,359,088 - 1,359,088

Total - 1,359,088 - 1,359,088

iShares £ Ultrashort Bond UCITS ETF £‘000 £‘000 £‘000 £‘000


- Debt securities - 229,989 - 229,989

Total - 229,989 - 229,989

iShares Ageing Populations UCITS ETF $‘000 $‘000 $‘000 $‘000


- Equity securities 7,411 - - 7,411

- Rights - 1 - 1

Total 7,411 1 - 7,412

iSHARES IV PLC





d) Valuation of financial instruments (continued)

30 November 2016


iShares Automation & Robotics UCITS ETF $‘000 $‘000 $‘000 $‘000



Total 64,974 - - 64,974

Financial liabilities at fair value through profit or loss

- Futures contracts (2) - - (2)

Total (2) - - (2)

iShares Digitalisation UCITS ETF $‘000 $‘000 $‘000 $‘000



Total 27,854 - - 27,854



Total (5) - - (5)

iShares Edge MSCI Europe Momentum Factor UCITS ETF €‘000 €‘000 €‘000 €‘000



- Futures contracts 2 - - 2

Total 34,470 - - 34,470

iShares Edge MSCI Europe Multifactor UCITS ETF €‘000 €‘000 €‘000 €‘000




Total 124,782 - - 124,782

iShares Edge MSCI Europe Quality Factor UCITS ETF €‘000 €‘000 €‘000 €‘000



- Futures contracts** - - - -

Total 15,842 - - 15,842

iShares Edge MSCI Europe Size Factor UCITS ETF €‘000 €‘000 €‘000 €‘000


- Equity securities 8,133 3 - 8,136


Total 8,133 3 - 8,136

** Level 1 securities which are less than €500 are rounded to zero.

iSHARES IV PLC






30 November 2016


iShares Edge MSCI Europe Value Factor UCITS ETF €‘000 €‘000 €‘000 €‘000



- Rights 4 90 - 94


Total 342,865 90 - 342,955

iShares Edge MSCI USA Momentum Factor UCITS ETF $‘000 $‘000 $‘000 $‘000



Total 2,488 - - 2,488

iShares Edge MSCI USA Multifactor UCITS ETF $‘000 $‘000 $‘000 $‘000



Total 33,906 - - 33,906



Total (1) - - (1)

iShares Edge MSCI USA Quality Factor UCITS ETF $‘000 $‘000 $‘000 $‘000



Total 2,545 - - 2,545

iShares Edge MSCI USA Size Factor UCITS ETF $‘000 $‘000 $‘000 $‘000



Total 5,220 - - 5,220

iShares Edge MSCI USA Value Factor UCITS ETF $‘000 $‘000 $‘000 $‘000



Total 114,457 - - 114,457

iShares Edge MSCI World Momentum Factor UCITS ETF $‘000 $‘000 $‘000 $‘000



-Rights 1 - - 1


Total 160,758 - - 160,758

iSHARES IV PLC






30 November 2016


iShares Edge MSCI World Momentum Factor UCITS ETF (cont) $‘000 $‘000 $‘000 $‘000



Total (7) - - (7)

iShares Edge MSCI World Multifactor UCITS ETF $’000 $’000 $’000 $’000




Total 149,703 - - 149,703



Total (9) - - (9)

iShares Edge MSCI World Quality Factor UCITS ETF $‘000 $‘000 $‘000 $‘000




Total 268,689 - - 268,689



Total (34) - - (34)

iShares Edge MSCI World Size Factor UCITS ETF $‘000 $‘000 $‘000 $‘000


- Equity securities 104,647 11 - 104,658

-Rights** - - - -


Total 104,651 11 - 104,662



Total (1) - - (1)

iShares Edge MSCI World Value Factor UCITS ETF $‘000 $‘000 $‘000 $‘000



-Rights 4 - - 4


Total 688,540 - - 688,540



Total (17) - - (17)

** Level 1 securities which are less than $500 are rounded to zero.

iSHARES IV PLC






30 November 2016


iShares Fallen Angels High Yield Corp Bond UCITS ETF $‘000 $‘000 $‘000 $‘000


- Debt securities - 201,730 - 201,730

Total - 201,730 - 201,730

iShares Healthcare Innovation UCITS ETF $‘000 $‘000 $‘000 $‘000




Total 15,953 - - 15,953

iShares iBonds Sep 2018 $ Corp UCITS ETF $‘000 $‘000 $‘000 $‘000


- Debt securities - 551,245 - 551,245

Total - 551,245 - 551,245

iShares MSCI China A UCITS ETF $‘000 $‘000 $‘000 $‘000


- Equity securities 34,851 71 986 35,908

Total 34,851 71 986 35,908

iShares MSCI EM SRI UCITS ETF €‘000 €‘000 €‘000 €‘000



Total 30,262 - - 30,262

iShares MSCI EMU Large Cap UCITS ETF €‘000 €‘000 €‘000 €‘000



- Rights 7 83 - 90


Total 158,168 83 - 158,251

iShares MSCI EMU Mid Cap UCITS ETF €‘000 €‘000 €‘000 €‘000


- Equity securities*** 119,441 - - 119,441


Total 119,446 - - 119,446

** Level 1 securities which are less than $500 are rounded to zero. *** Level 3 securities which are less than €500 are rounded to zero.

iSHARES IV PLC






30 November 2016


iShares MSCI France UCITS ETF €‘000 €‘000 €‘000 €‘000



Total 13,800 - - 13,800

iShares MSCI Japan SRI EUR Hedged UCITS ETF (Acc) €‘000 €‘000 €‘000 €‘000



- Forward currency contracts - 1,526 - 1,526


Total 37,573 1,526 - 39,099


- Forward currency contracts - (11) - (11)

Total - (11) - (11)

iShares MSCI USA SRI UCITS ETF $‘000 $‘000 $‘000 $‘000



Total 2,624 - - 2,624

iShares TA-25 Israel UCITS ETF $‘000 $‘000 $‘000 $‘000



Total 5,103 - - 5,103

iShares US Equity Buyback Achievers UCITS ETF $‘000 $‘000 $‘000 $‘000



- Contracts for difference - 12 12

Total 16,472 12 - 16,484

iShares US Mortgage Backed Securities UCITS ETF $‘000 $‘000 $‘000 $‘000


- Debt securities - 263,043 - 263,043

Total - 263,043 - 263,043

31 May 2016


iShares $ Short Duration Corp Bond UCITS ETF $‘000 $‘000 $‘000 $‘000


- Debt securities - 964,932 - 964,932

Total - 964,932 - 964,932

iSHARES IV PLC






31 May 2016


iShares $ Short Duration High Yield Corp Bond UCITS ETF $‘000 $‘000 $‘000 $‘000


- Debt securities - 564,026 - 564,026

Total - 564,026 - 564,026

iShares $ Treasury Bond 20+yr UCITS ETF $‘000 $‘000 $‘000 $‘000


- Debt securities - 202,287 - 202,287

Total - 202,287 - 202,287

iShares $ Ultrashort Bond UCITS ETF $‘000 $‘000 $‘000 $‘000


- Debt securities - 119,633 - 119,633

Total - 119,633 - 119,633

iShares € Govt Bond 20yr Target Duration UCITS ETF €‘000 €‘000 €‘000 €‘000


- Debt securities - 12,868 - 12,868

Total - 12,868 - 12,868

iShares € Ultrashort Bond UCITS ETF €‘000 €‘000 €‘000 €‘000


- Debt securities - 686,008 - 686,008

Total - 686,008 - 686,008

iShares £ Ultrashort Bond UCITS ETF £‘000 £‘000 £‘000 £‘000


- Debt securities - 180,203 - 180,203

Total - 180,203 - 180,203

iShares Edge MSCI Europe Momentum Factor UCITS ETF €‘000 €‘000 €‘000 €‘000



-Rights 4 - - 4


Total 32,192 - - 32,192

iShares Edge MSCI Europe Multifactor UCITS ETF €’000 €’000 €’000 €’000




Total 101,128 - - 101,128

iSHARES IV PLC






31 May 2016


iShares Edge MSCI Europe Quality Factor UCITS ETF €‘000 €‘000 €‘000 €‘000




Total 11,050 - - 11,050

iShares Edge MSCI Europe Size Factor UCITS ETF €‘000 €‘000 €‘000 €‘000



-Rights 4 - - 4


Total 13,392 - - 13,392

iShares Edge MSCI Europe Value Factor UCITS ETF €‘000 €‘000 €‘000 €‘000



-Rights 2 - - 2


Total 24,271 - - 24,271

iShares Edge MSCI USA Multifactor UCITS ETF $’000 $’000 $’000 $’000



Total 7,800 - - 7,800

iShares Edge MSCI World Momentum Factor UCITS ETF $‘000 $‘000 $‘000 $‘000



-Rights 4 - - 4


Total 131,917 - - 131,917

iShares Edge MSCI World Multifactor UCITS ETF $’000 $’000 $’000 $’000



- Futures contracts 2 2

Total 46,886 - - 46,886

iShares Edge MSCI World Quality Factor UCITS ETF $‘000 $‘000 $‘000 $‘000




Total 254,913 - - 254,913

iSHARES IV PLC






31 May 2016


iShares Edge MSCI World Size Factor UCITS ETF $‘000 $‘000 $‘000 $‘000



-Rights 4 - - 4


Total 46,464 - - 46,464

iShares Edge MSCI World Value Factor UCITS ETF $‘000 $‘000 $‘000 $‘000



-Rights 3 - - 3


Total 165,105 - - 165,105

iShares iBonds Sep 2018 $ Corp UCITS ETF $‘000 $‘000 $‘000 $‘000


- Debt securities - 325,795 - 325,795

Total - 325,795 - 325,795

iShares MSCI China A UCITS ETF $‘000 $‘000 $‘000 $‘000


- Equity securities 21,835 398 658 22,891

-Rights - - 3 3

Total 21,835 398 661 22,894

iShares MSCI EMU Large Cap UCITS ETF €‘000 €‘000 €‘000 €‘000



-Rights 33 - - 33


Total 177,838 - - 177,838

iShares MSCI EMU Mid Cap UCITS ETF €‘000 €‘000 €‘000 €‘000


- Equity securities** 164,662 - - 164,662

-Rights 121 - - 121


Total 164,822 - - 164,822

** Level 3 securities which are less than €500 are rounded to zero.

iSHARES IV PLC






31 May 2016


iShares MSCI France UCITS ETF €‘000 €‘000 €‘000 €‘000




Total 10,530 - - 10,530

iShares MSCI Japan SRI EUR Hedged UCITS ETF €‘000 €‘000 €‘000 €‘000



- Forward currency contracts - 131 - 131

- Futures contracts*** - - - -

Total 19,013 131 - 19,144

iShares TA-25 Israel UCITS ETF $‘000 $‘000 $‘000 $‘000



Total 7,617 - - 7,617

iShares US Equity Buyback Achievers UCITS ETF $‘000 $‘000 $‘000 $‘000



- Contracts for difference - 7 7

Total 11,997 7 - 12,004

iShares US Mortgage Backed Securities UCITS ETF $‘000 $‘000 $‘000 $‘000


- Debt securities - 211,839 - 211,839

Total - 211,839 - 211,839

*** Level 1 securities which are less than €500 are rounded to zero.

Investments whose values are based on observable inputs are

classified within level 2. These include equities and rights that were

suspended at the period end 30 November 2016 but resumed trading

shortly after the period end and equity securities that were

suspended at year end but resumed trading shortly after the year

ended 31 May 2016.

Investments whose values are based on unobservable inputs are

classified within level 3. These include equities that are currently

suspended for the period ended 30 November 2016 and equities and

rights that were suspended at year end 31 May 2016. The Company

has used specific valuation techniques to determine the fair value of

these securities.

Leverage

The use of derivatives may expose Funds to a higher degree of risk. In

particular, derivative contracts can be highly volatile, and the amount

of initial margin is generally small relative to the size of the contract

so that transactions may be leveraged in terms of market exposure.

A relatively small market movement may have a potentially larger

impact on derivatives than on non-derivative instruments. Leveraged

derivative positions can therefore increase Fund volatility.

iSHARES IV PLC


SIGNIFICANT RELATED PARTY TRANSACTIONS


Parties are considered to be related if one party has the ability to

control the other party or is able to exercise significant influence over

the other party, in making financial or operational decisions.

The following entities were related parties to the Company during the

period ended 30 November 2016:

Board of Directors of the Company

Manager: BlackRock Asset Management

Ireland Limited

Investment Manager, Promoter

and Securities Lending Agent: BlackRock Advisors (UK) Limited

Sub-Investment Managers: BlackRock Financial Management Inc.

BlackRock (Singapore) Limited

Representative in Switzerland: BlackRock Asset Management

Schweiz AG

The ultimate holding Company of the Manager, Investment Manager,

Sub-Investment Managers, Promoter, Securities Lending agent and

representative in Switzerland is BlackRock Inc., a company

incorporated in Delaware USA.

PNC Financial Services Group, Inc. ("PNC") is a substantial

shareholder in BlackRock Inc. PNC did not provide any services to the

Company during the period ended 30 November 2016 and year ended

31 May 2016.

When arranging transactions in securities for the Company, affiliates

of PNC may provide securities brokerage, foreign exchange, banking

and other services, or may act as principal, on their usual terms and

may benefit therefrom. Commissions have been paid to brokers and

agents in accordance with the relevant market practice and the

benefit of any bulk or other commission discounts or cash

commissions rebates provided by brokers or agents have been passed

on to the Funds.

The services of PNC Group companies could have been used by the

Investment Manager where it is considered appropriate to do so

provided that their commissions and other terms of business are

generally comparable with those available from unassociated brokers

and agents in the markets concerned, and this is consistent with the

above policy of obtaining best net results.

Fees payable to the Manager and Investment Manager are paid out of

the TER charged to the Funds. The TER forms part of the operating

expenses which are included in the condensed income statement. The

Investment Manager will discharge the fees and expenses of the Sub-

Investment Managers.

Securities lending income earned by the Funds is disclosed in the

tables below:

30 November

2016 30 November

2015


UCITS ETF $’000 $’000

Income earned during the period 5 1

iShares $ Short Duration High Yield

Corp Bond UCITS ETF $’000 $’000


iShares $ Treasury Bond 20+yr UCITS ETF $’000 $’000

Income earned during the period 15

iShares $ Ultrashort Bond UCITS ETF $’000 $’000

Income earned during the period 1 -

iShares € Ultrashort Bond UCITS ETF €’000 €’000


iShares £ Ultrashort Bond UCITS ETF £’000 £’000


iShares Edge MSCI Europe

Momentum Factor UCITS ETF €’000 €’000

Income earned during the period* - -


Multifactor UCITS ETF €’000 €’000


iShares Edge MSCI Europe Quality

Factor UCITS ETF €’000 €’000


iShares Edge MSCI Europe Size



iShares Edge MSCI Europe Value



* Amounts which are less than €500 are rounded to zero.

iSHARES IV PLC


SIGNIFICANT RELATED PARTY TRANSACTIONS (continued)


30 November

2016 30 November

2015

iShares Edge MSCI World Momentum

Factor UCITS ETF $’000 $’000

Income earned during the period* 4 -


UCITS ETF $’000 $’000


iShares Edge MSCI World Quality


Income earned during the period* 9 -


UCITS ETF $’000 $’000



UCITS ETF $’000 $’000



Bond UCITS ETF $’000 $’000


iShares MSCI EMU Large Cap UCITS ETF €’000 €’000


iShares MSCI EMU Mid Cap UCITS ETF €’000 €’000


iShares MSCI France UCITS ETF €’000 €’000


* Amounts which are less than 500 are rounded to zero.

Details of soft commission arrangements with related parties are

disclosed in note 3 of the notes to the financial statements of the

Company.

Barry O’Dwyer is a non-executive Director of the Manager.

With the exception of Paul McNaughton and Paul McGowan all

Directors are also employees of the BlackRock Group.

The Directors of the Company and the Manager who are also

employees of the BlackRock Group are not entitled to receive

Directors’ fees.

Each of the Directors of the Company at the period end also serve on

the Board of a number of BlackRock Funds.

2.6 million shares representing approximately 27% of the shares of

iShares MSCI China A UCITS ETF are held by a group company of

BlackRock Inc. through the secondary market, at arm’s length under

standard commercial terms.

Investments in Funds managed by BlackRock Asset Management

Ireland Limited are marked on the relevant Funds' schedule of

investments.

Cash equivalents relate entirely to investments in Institutional Cash

Series Plc (“ICS”) Funds and are managed by BlackRock Asset

Management Ireland Limited. No management fees are incurred as a

result of any of the investments in ICS.

All related party transactions were carried out at arm’s length in the

ordinary course of business. The terms and returns received by the

related parties in making the investments were no more favourable

than those received by other investors investing into the same share

classes.

Significant Holdings

The following investors

i) are funds managed by the BlackRock Group or are affiliates of

BlackRock Inc. or

ii) are investors (other than those listed in (i) above) who held more

than 20% of the voting shares in issue in the Company and are as

a result, considered to be related parties to the Company

30 November 2016

Total % of shares held by Funds managed by the BlackRock Group or held by affiliates of BlackRock Inc

Number of investors holding 20% or more of the voting shares in issue

who are not affiliates of the BlackRock Group or BlackRock Inc

Total % of shares held by shareholders holding 20% or more of the voting shares

in issue who are not affiliates of the BlackRock Group or BlackRock Inc

Nil 1 100.00*

* Due to the change in the trade settlement structure, the Company now has a single shareholder which is a nominee of the common depository (Citibank Europe plc). The ultimate beneficial ownership of the Company is passed from the common depositary through the International Central Securities Depositary (“ICSD”) (Euroclear, Clearstream) to the participants of the ICSD.

iSHARES IV PLC


SIGNIFICANT RELATED PARTY TRANSACTIONS (continued)


Significant Holdings (continued)

31 May 2016

Total % of shares held by Funds managed by the BlackRock Group or held by affiliates of BlackRock Inc

Number of investors holding 20% or more of the voting shares in issue

who are not affiliates of the BlackRock Group or BlackRock Inc

Total % of shares held by shareholders holding 20% or more of the voting shares

in issue who are not affiliates of the BlackRock Group or BlackRock Inc

Nil 1 100.00*

* Due to the change in the trade settlement structure, the Company now has a single shareholder which is a nominee of the common depository (Citibank Europe plc). The ultimate beneficial ownership of the Company is passed from the common depositary through the International Central Securities Depositary (“ICSD”) (Euroclear, Clearstream) to the participants of the ICSD.

No provisions have been recognised by the Funds against amounts

due from related parties at the period end date (31 May 2016: Nil).

No amounts have been written off in the period in respect of amounts

due to or from related parties (31 May 2016: Nil).

No commitments secured or unsecured or guarantees have been

entered into with related parties during the period (31 May 2016: Nil).

iSHARES IV PLC


CONDENSED INCOME STATEMENT (unaudited)

For the period ended 30 November 2016

Note Period ended 30 November

2016 £’000

Period ended 30 November

2015 £’000

Operating income 51,051 15,255

Net losses on financial assets/liabilities at fair value through profit or loss (2,485) (40,243)

Total gains/(losses) 48,566 (24,988)

Operating expenses (5,883) (2,292)

Net operating profit/(loss) 42,683 (27,280)

Finance costs:

Distributions to redeemable participating shareholders 6 (22,913) 944

Interest expense (49) (4)

Total finance costs (22,962) 940

Net profit/(loss) for the financial period before tax 19,721 (26,340)

Non-reclaimable withholding tax (1,172) (278)

Net profit/(loss) for the financial period after tax 18,549 (26,618)

Adjustment to align to the valuation methodology as set out in the prospectus 469 243

Increase/(decrease) in net assets attributable to redeemable participating shareholders from operations 19,018 (26,375)

There are no recognised gains or losses arising in the period other than those dealt with in the condensed income statement. In arriving at the

results of the financial period, all amounts relate to continuing operations.

CONDENSED STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO REDEEMABLE PARTICIPATING SHAREHOLDERS (unaudited)



2016 £’000


2015 £’000

Net assets attributable to redeemable participating shareholders at the beginning of the period 3,313,079 1,351,602

Notional foreign exchange adjustment* 536,049 7,048


Share transactions:

Proceeds from issue of redeemable participating shares 3,166,307 862,979

Payments on redemption of redeemable participating shares (676,230) (197,066)

Increase in net assets resulting from share transactions 2,490,077 665,913

Net assets attributable to redeemable participating shareholders at the end of the period 6,358,223 1,998,188

* The notional foreign exchange adjustment arises from the retranslation of the net assets at the beginning of the period using the exchange rate as at 30 November 2016. The average rate for the period is applied to the condensed income statement items and share transactions (See note 5).

The accompanying notes form an integral part of these financial statements.

iSHARES IV PLC


CONDENSED BALANCE SHEET (unaudited)

As at 30 November 2016

Note 30 November 2016 £’000

31 May 2016 £’000

CURRENT ASSETS

Cash 60,306 37,580

Cash equivalents 106,773 59,796

Margin cash account 736 743

Receivables 300,318 146,710

Financial assets at fair value through profit or loss 8 6,182,238 3,257,716

Total current assets 6,650,371 3,502,545

CURRENT LIABILITIES

Bank overdraft (1,803) (14)

Margin cash account (12) (190,103)

Payables (291,383) -

Financial liabilities at fair value through profit or loss 8 (70) -

Total current liabilities excluding net assets attributable to redeemable participating shareholders (293,268) (190,117)

Net assets attributable to redeemable participating shareholders 6,357,103 3,312,428

Adjustment to align to the valuation methodology as set out in the prospectus 1,120 651

Net asset value attributable to redeemable participating shareholders at the end of the period/year 6,358,223 3,313,079


iSHARES IV PLC

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS OF THE COMPANY



1. COMPANY DETAILS

iShares IV public limited company (the "Company") is organised as an

open-ended investment company with variable capital. The Company

was incorporated in Ireland on 3 July 2009 with limited liability and

segregated liability between its Funds and is organised under the

laws of Ireland as a Public Limited Company (“plc”) pursuant to the

Companies Act 2014 and the UCITS Regulations and is regulated by

the CBI.

The registered office of the Company is J.P. Morgan House,

International Financial Services Centre, Dublin 1, Ireland.

2. SIGNIFICANT ACCOUNTING POLICIES

Statement of Compliance

The financial statements of the Company are prepared in accordance

with Financial Reporting Standard 104 Interim Financial Reporting

(“FRS 104”) and Irish statute pursuant to the Companies Act 2014 and

the provisions of the European Communities (Undertakings for

Collective Investment in Transferable Securities) Regulations, 2011

(as amended) (the “UCITS Regulations”). Accounting standards

generally accepted in Ireland in preparing financial statements which

present a true and fair view are those published by the Institute of

Chartered Accountants in Ireland (the “Institute”) and issued by the

Financial Reporting Council (“FRC”).

Due to the special nature of the Company's business, the directors

have adapted the arrangement and headings and sub-headings of the

financial statements otherwise required by Schedule 3 to the

Companies Act 2014.

The principal accounting policies and estimation techniques are

consistent with those applied to the previous annual financial

statements.

3. SOFT COMMISSIONS

There were no soft commissions arrangements entered into by the

Investment Manager on behalf of the Company during the period

ended 30 November 2016 (30 November 2015: Nil).

4. COMMITMENTS AND CONTINGENT LIABILITIES

There were no significant commitments or contingent liabilities at the

period ended 30 November 2016 or year end 31 May 2016 other than

those disclosed in the financial statements of the Funds.

5. EXCHANGE RATES

The rates of exchange ruling at 30 November 2016 and 31 May 2016

were:

30 November

2016 31 May 2016

GBP1= EUR 1.1778 1.3074

USD 1.2494 1.4555

EUR1= CHF 1.0806 1.1068

DKK 7.4400 7.4385

GBP 0.8490 0.7649

NOK 9.0307 9.3103

SEK 9.7933 9.2993

USD 1.0608 1.1132

USD1= AED 3.6729 3.6729

AUD 1.3535 1.3804

BRL 3.3825 3.6020

CAD 1.3446 1.3081

CHF 1.0187 0.9942

CLP 673.0500 689.3500

CNY 6.8870 6.5850

COP 3,056.0650 3,090.4650

CZK 25.5082 24.2744

DKK 7.0136 6.6818

EUR 0.9427 0.8983

GBP 0.8004 0.6870

HKD 7.7567 7.7682

HUF 295.2112 281.6888

IDR 13,552.5000 13,660.0000

ILS 3.8339 3.8509

INR 68.4490 67.2850

JPY 113.9450 110.9050

KRW 1,169.0500 1,191.8000

MXN 20.4725 18.4032

MYR 4.4660 4.1290

NOK 8.5132 8.3632

NZD 1.4108 1.4781

PHP 49.7300 46.7650

PLN 4.1921 3.9442

QAR 3.6412 3.6408

SEK 9.2320 8.3533

SGD 1.4324 1.3768

THB 35.6795 35.7250

TRY 3.4288 2.9517

TWD 31.8730 32.6125

ZAR 14.0263 15.7280

iSHARES IV PLC

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS OF THE COMPANY (continued)



5. EXCHANGE RATES (continued)

The average daily rates of exchange at each period end were:

30 November

2016 30 November

2015

GBP1= EUR 1.1780 1.3916

USD 1.3064 1.5428

6. DISTRIBUTION TO REDEEMABLE PARTICIPATING

SHAREHOLDERS*

The Company may declare and pay dividends on any distributing class

of shares in the Company.

Distributions declared during the period were as follows:


2016 £’000


2015 £’000

June 19,731 -

August - 1,305

September 6,246 -

25,977 1,305

Equalisation income (6,697) (2,838)

Equalisation expense 3,633 589

22,913 (944)

* For distributions being paid from October 2015 onwards, the ex-dates of the distributing Funds were moved to the same calendar month as the pay date. See the Subsequent Events note to the financial statements of the Company for details of the December 2016 distributions.

7. SHARE CAPITAL

The issued and fully paid redeemable participating share capital is at

all times equal to the net asset value of the Company. Redeemable

participating shares are redeemable at the shareholders' option and

are classified as financial liabilities.

Redeemable Participating Shares - issued and fully paid

No. of Shares

As at 30 November 2016 547,198,907

As at 31 May 2016 275,052,357

As at 30 November 2015 131,915,541

Authorised

The authorised share capital of the Company is £2 divided into

2 Subscriber Shares of a par value of £1 each and 500 billion

participating shares of no par value.

Subscriber shares

The subscriber shares have been issued to the Manager and

nominees of the Manager. They do not form part of the net asset value

of the Company. They are thus disclosed in the financial statements

by way of this note only. In the opinion of the Directors this disclosure

reflects the nature of the Company's investment business.

8. FINANCIAL ASSETS/LIABILITIES AT FAIR VALUE THROUGH

PROFIT OR LOSS

Financial assets:

30 November 2016 £’000

31 May 2016 £’000

Investment in equities 2,116,572 901,463

Investment in bonds 3,853,560 2,210,239

Investment in rights 161 135

Investments in MBSs 210,535 145,544

Unrealised gains on CFDs 10 5

Unrealised gains on forward

currency contracts 1,296 100

Unrealised gains on futures contracts 104 230

6,182,338 3,257,716

Financial liabilities:

Unrealised losses on forward

currency contracts (9) -

Unrealised losses on futures contracts (61) -

(70) -

9. SUBSEQUENT EVENTS

The ex-date and pay date for distributions of the below Funds

occurred during December 2016.

Fund

Distribution Amount ('000)

iShares $ Short Duration Corp Bond UCITS ETF $5,791

iShares $ Short Duration High Yield Corp Bond UCITS ETF $17,656

iShares $ Treasury Bond 20+yr UCITS ETF $1,596

iShares $ Ultrashort Bond UCITS ETF $909

iShares € Govt Bond 20yr Target Duration UCITS ETF €62

iShares £ Ultrashort Bond UCITS ETF £871

iShares Fallen Angels High Yield Corp Bond UCITS ETF $4,429

iShares iBonds Sep 2018 $ Corp UCITS ETF $2,225

iShares US Mortgage Backed Securities UCITS ETF $3,903

iShares OMX Stockholm Capped UCITS ETF launched on 16 December

2016.

Other than the above there have been no events subsequent to the

period end which in the opinion of the Directors of the Company may

have had an impact on the financial statements for the period ended

30 November 2016.

10. APPROVAL DATE

The financial statements were approved by the Directors on

25 January 2017.

iSHARES IV PLC

iShares $ Short Duration Corp Bond UCITS ETF





2016 $’000


2015 $’000



Total gains 709 1,647

Operating expenses (1,305) (517)

Net operating (loss)/profit (596) 1,130

Finance costs:

Distributions to redeemable participating shareholders (9,384) (1,339)


Total finance costs (9,385) (1,340)

Net loss for the financial period before tax (9,981) (210)

Non-reclaimable withholding tax - (3)

Net loss for the financial period after tax (9,981) (213)

Decrease in net assets attributable to redeemable participating shareholders from operations (9,981) (213)






2016 $’000


2015 $’000

Net assets attributable to redeemable participating shareholders at the beginning of the period 978,193 378,510

Decrease in net assets attributable to redeemable participating shareholders from operations (9,981) (213)

Share transactions:

Proceeds from issue of redeemable participating shares 520,615 292,522


Increase in net assets resulting from share transactions 467,140 255,413

Net assets attributable to redeemable participating shareholders at the end of the period 1,435,352 633,710


iSHARES IV PLC





Note 30 November 2016 $’000

31 May 2016 $’000

CURRENT ASSETS

Cash - 361



Financial assets at fair value through profit or loss 3 1,412,859 964,932

Total current assets 1,446,178 992,023

CURRENT LIABILITIES

Bank overdraft (524) -

Payables (10,302) (13,830)


Net asset value attributable to redeemable participating shareholders at the end of the period/year 1,435,352 978,193

The accompanying notes form an integral part of these financial statements. Details of the NAV per share are set out in note 2.

iSHARES IV PLC


SCHEDULE OF INVESTMENTS (unaudited)



Holding Investment Fair value

$'000

% of net asset value

Transferable securities admitted to an official stock exchange listing or traded on a regulated market (31 may 2016: 98.64%)

Bonds (31 May 2016: 98.64%)

Australia (31 May 2016: 3.04%)

Corporate bonds: AA- rating

750,000 Australia & New Zealand Banking Group Ltd 1.25% 10/01/2017 750 0.05

1,250,000 Australia & New Zealand Banking Group Ltd 1.25% 13/06/2017 1,249 0.09



500,000 Australia & New Zealand Banking Group Ltd 2% 16/11/2018 502 0.03

1,000,000 Australia & New Zealand Banking Group Ltd 2.05% 23/09/2019 997 0.07




250,000 Commonwealth Bank of Australia 1.125% 13/03/2017 250 0.02




1,600,000 Commonwealth Bank of Australia 2.25% 13/03/2019 1,606 0.11






500,000 National Australia Bank Ltd 1.875% 23/07/2018 505 0.03

2,500,000 National Australia Bank Ltd 1.875% 12/07/2021 2,421 0.17

1,250,000 National Australia Bank Ltd 2% 14/01/2019 1,249 0.09





$'000


Australia (31 May 2016: 3.04%) (cont)

Corporate bonds: AA- rating (cont)


1,370,000 Westpac Banking Corp 1.2% 19/05/2017 1,370 0.10

950,000 Westpac Banking Corp 1.5% 01/12/2017 950 0.07




625,000 Westpac Banking Corp 2% 14/08/2017 628 0.04

1,200,000 Westpac Banking Corp 2% 19/08/2021 1,167 0.08







Corporate bonds: A rating

825,000 BHP Billiton Finance USA Ltd 1.625% 24/02/2017 826 0.06

1,000,000 BHP Billiton Finance USA Ltd 2.05% 30/09/2018 1,014 0.07

1,943,000 BHP Billiton Finance USA Ltd 6.5% 01/04/2019 2,142 0.15

Corporate bonds: A- rating

2,200,000 Rio Tinto Finance USA Ltd 9% 01/05/2019 2,563 0.18

Total Australia 46,578 3.25

Bermuda (31 May 2016: 0.20%)


2,950,000 Novartis Securities Investment Ltd 5.125% 10/02/2019 3,161 0.22

Total Bermuda 3,161 0.22

Canada (31 May 2016: 4.28%)


700,000 Royal Bank of Canada 1.2% 23/01/2017 700 0.05

1,000,000 Royal Bank of Canada 1.4% 13/10/2017 1,001 0.07


iSHARES IV PLC


SCHEDULE OF INVESTMENTS (unaudited) (continued)




$'000


Bonds (31 May 2016: 98.64%) (cont)

Canada (31 May 2016: 4.28%) (cont)




800,000 Royal Bank of Canada 2% 10/12/2018 803 0.06






1,500,000 Toronto-Dominion Bank 1.125% 02/05/2017 1,500 0.10


1,000,000 Toronto-Dominion Bank 1.45% 06/09/2018 995 0.07



350,000 Toronto-Dominion Bank 2.125% 02/07/2019 352 0.02





Corporate bonds: A+ rating

860,000 Bank of Montreal 1.3% 14/07/2017 860 0.06

1,700,000 Bank of Montreal 1.35% 28/08/2018 1,689 0.12

695,000 Bank of Montreal 1.4% 10/04/2018 694 0.05

1,100,000 Bank of Montreal 1.45% 09/04/2018 1,099 0.08

1,815,000 Bank of Montreal 1.5% 18/07/2019 1,789 0.12

700,000 Bank of Montreal 1.8% 31/07/2018 700 0.05

1,500,000 Bank of Montreal 1.9% 27/08/2021 1,457 0.10

750,000 Bank of Montreal 2.375% 25/01/2019 757 0.05

915,000 Bank of Montreal 2.5% 11/01/2017 916 0.06

675,000 Bank of Nova Scotia 1.1% 13/12/2016 675 0.05

1,100,000 Bank of Nova Scotia 1.25% 11/04/2017 1,100 0.08






$'000


Canada (31 May 2016: 4.28%) (cont)

Corporate bonds: A+ rating (cont)








170,000 Canadian Imperial Bank of Commerce 1.55% 23/01/2018 170 0.01

1,000,000 Canadian Imperial Bank of Commerce 1.6% 06/09/2019 990 0.07

650,000 Total Capital Canada Ltd 1.45% 15/01/2018 649 0.05


50,000 Canadian National Railway Co 5.55% 01/03/2019 54 0.00

1,000,000 National Bank of Canada 2.1% 14/12/2018 1,004 0.07


250,000 Petro-Canada 6.05% 15/05/2018 266 0.02

725,000 Suncor Energy Inc 6.1% 01/06/2018 774 0.05

650,000 TransCanada PipeLines Ltd 1.625% 09/11/2017 651 0.05





Corporate bonds: BBB+ rating

460,000 Canadian Natural Resources Ltd 1.75% 15/01/2018 458 0.03

1,090,000 Canadian Natural Resources Ltd 5.7% 15/05/2017 1,111 0.08

325,000 Fortis Inc 2.1% 04/10/2021 315 0.02

25,000 Goldcorp Inc 2.125% 15/03/2018 25 0.00

200,000 Husky Energy Inc 7.25% 15/12/2019 228 0.02

1,195,000 Rogers Communications Inc 6.8% 15/08/2018 1,292 0.09

780,000 Thomson Reuters Corp 1.3% 23/02/2017 780 0.06



Corporate bonds: BBB/*+ rating

100,000 Agrium Inc 6.75% 15/01/2019 109 0.01

Total Canada 61,755 4.30

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)

Cayman Islands (31 May 2016: 0.11%)

Corporate bonds: BBB- rating

1,575,000 Seagate HDD Cayman 3.75% 15/11/2018 1,607 0.11

Total Cayman Islands 1,607 0.11

France (31 May 2016: 2.11%)

Corporate bonds: AA rating

1,100,000 Sanofi 1.25% 10/04/2018 1,098 0.08

2,450,000 Sanofi 4% 29/03/2021 2,617 0.18


265,000 Total Capital International SA 1% 10/01/2017 265 0.02

615,000 Total Capital International SA 1.5% 17/02/2017 615 0.04




1,825,000 Total Capital SA 2.125% 10/08/2018 1,853 0.13

1,270,000 Total Capital SA 4.45% 24/06/2020 1,362 0.10


795,000 BNP Paribas SA 1.25% 12/12/2016 795 0.06

900,000 BNP Paribas SA 1.375% 17/03/2017 902 0.06

1,500,000 BNP Paribas SA 2.375% 14/09/2017 1,510 0.11

1,150,000 BNP Paribas SA 2.375% 21/05/2020 1,145 0.08

1,225,000 BNP Paribas SA 2.4% 12/12/2018 1,235 0.09

1,700,000 BNP Paribas SA 2.7% 20/08/2018 1,722 0.12

2,695,000 BNP Paribas SA 5% 15/01/2021 2,937 0.20

750,000 BPCE SA 1.625% 10/02/2017 751 0.05

750,000 BPCE SA 2.25% 27/01/2020 745 0.05

1,250,000 BPCE SA 2.5% 10/12/2018 1,262 0.09

500,000 BPCE SA 2.5% 15/07/2019 504 0.03

1,000,000 BPCE SA 2.65% 03/02/2021 1,003 0.07

2,000,000 Societe Generale SA 2.75% 12/10/2017 2,018 0.14


1,370,000 Orange SA 1.625% 03/11/2019 1,352 0.09

1,700,000 Orange SA 2.75% 06/02/2019 1,724 0.12

350,000 Orange SA 5.375% 08/07/2019 378 0.03

Total France 30,080 2.10

Germany (31 May 2016: 0.73%)


1,950,000 Deutsche Bank AG 1.35% 30/05/2017 1,940 0.13

1,015,000 Deutsche Bank AG 1.4% 13/02/2017 1,014 0.07

1,250,000 Deutsche Bank AG 1.875% 13/02/2018 1,233 0.09

2,675,000 Deutsche Bank AG 2.5% 13/02/2019 2,634 0.18

550,000 Deutsche Bank AG 2.85% 10/05/2019 542 0.04

1,000,000 Deutsche Bank AG 2.95% 20/08/2020 966 0.07


$'000


Germany (31 May 2016: 0.73%) (cont)

Corporate bonds: BBB+ rating (cont)

1,350,000 Deutsche Bank AG 3.125% 13/01/2021 1,298 0.09

500,000 Deutsche Bank AG 3.375% 12/05/2021 483 0.03

700,000 Deutsche Bank AG 6% 01/09/2017 717 0.05

Total Germany 10,827 0.75

Guernsey (31 May 2016: 0.29%)


2,000,000 Credit Suisse Group Funding Guernsey Ltd 2.75% 26/03/2020 1,974 0.14



Total Guernsey 4,801 0.33

Ireland (31 May 2016: 0.56%)


6,009,000 GE Capital International Funding Co Unlimited Co 2.342% 15/11/2020 6,003 0.42


1,000,000 AerCap Ireland Capital Ltd / AerCap Global Aviation Trust 3.75% 15/05/2019 1,018 0.07



250,000 Perrigo Co Plc 2.3% 08/11/2018 250 0.02

2,000,000 Shire Acquisitions Investments Ireland DAC 1.9% 23/09/2019 1,973 0.14

2,965,000 Shire Acquisitions Investments Ireland DAC 2.4% 23/09/2021 2,868 0.20

Total Ireland 16,259 1.13

Italy (31 May 2016: 0.24%)


1,500,000 Intesa Sanpaolo SpA 2.375% 13/01/2017 1,502 0.10


Total Italy 2,770 0.19

Japan (31 May 2016: 1.22%)


150,000 Nippon Telegraph & Telephone Corp 1.4% 18/07/2017 150 0.01


1,500,000 Mitsubishi UFJ Financial Group Inc 2.19% 13/09/2021 1,456 0.10

2,600,000 Mitsubishi UFJ Financial Group Inc 2.95% 01/03/2021 2,613 0.18

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)

Japan (31 May 2016: 1.22%) (cont)

Corporate bonds: A rating (cont)

500,000 Sumitomo Mitsui Banking Corp 1.35% 11/07/2017 500 0.04



1,750,000 Sumitomo Mitsui Banking Corp 2.25% 11/07/2019 1,748 0.12





1,000,000 Mizuho Financial Group Inc 2.273% 13/09/2021 972 0.07

800,000 Nomura Holdings Inc 2.75% 19/03/2019 809 0.06

1,000,000 Nomura Holdings Inc 6.7% 04/03/2020 1,122 0.08

1,500,000 Sumitomo Mitsui Financial Group Inc 2.058% 14/07/2021 1,453 0.10

1,000,000 Sumitomo Mitsui Financial Group Inc 2.442% 19/10/2021 981 0.07

1,500,000 Sumitomo Mitsui Financial Group Inc 2.934% 09/03/2021 1,505 0.10

Total Japan 20,207 1.41

Jersey (31 May 2016: 0.09%)

Corporate bonds: BBB rating

350,000 Delphi Automotive Plc 3.15% 19/11/2020 357 0.03

Total Jersey 357 0.03

Luxembourg (31 May 2016: 0.68%)


2,082,000 Covidien International Finance SA 6% 15/10/2017 2,164 0.15


615,000 Tyco Electronics Group SA 6.55% 01/10/2017 641 0.04


2,300,000 Actavis Funding SCS 1.85% 01/03/2017 2,302 0.16


350,000 Actavis Funding SCS 2.45% 15/06/2019 351 0.03

2,153,000 Actavis Funding SCS 3% 12/03/2020 2,184 0.15

Total Luxembourg 9,941 0.69


$'000


Netherlands (31 May 2016: 2.05%)


1,000,000 Cooperatieve Rabobank UA 1.375% 09/08/2019 980 0.07

300,000 Cooperatieve Rabobank UA 1.7% 19/03/2018 300 0.02

1,050,000 Cooperatieve Rabobank UA 2.25% 14/01/2019 1,057 0.07





350,000 Shell International Finance BV 1.125% 21/08/2017 350 0.02

1,250,000 Shell International Finance BV 1.25% 10/11/2017 1,251 0.09


1,000,000 Shell International Finance BV 1.375% 12/09/2019 984 0.07

900,000 Shell International Finance BV 1.625% 10/11/2018 904 0.06

1,000,000 Shell International Finance BV 1.75% 12/09/2021 966 0.07



1,120,000 Shell International Finance BV 2% 15/11/2018 1,128 0.08






1,650,000 Deutsche Telekom International Finance BV 6.75% 20/08/2018 1,786 0.12

2,000,000 Koninklijke Philips NV 5.75% 11/03/2018 2,097 0.15


2,650,000 LyondellBasell Industries NV 5% 15/04/2019 2,791 0.20


440,000 Mylan NV 2.5% 07/06/2019 439 0.03

2,900,000 Mylan NV 3.15% 15/06/2021 2,852 0.20

600,000 Mylan NV 3.75% 15/12/2020 609 0.04

Total Netherlands 33,965 2.37

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)

Norway (31 May 2016: 0.43%)


1,750,000 Statoil ASA 1.15% 15/05/2018 1,750 0.12

800,000 Statoil ASA 1.95% 08/11/2018 803 0.06

500,000 Statoil ASA 2.9% 08/11/2020 509 0.03

2,375,000 Statoil ASA 3.125% 17/08/2017 2,402 0.17

785,000 Statoil ASA 5.25% 15/04/2019 845 0.06

Total Norway 6,309 0.44

Panama (31 May 2016: 0.04%)


350,000 Carnival Corp 1.875% 15/12/2017 351 0.03

1,000,000 Carnival Corp 3.95% 15/10/2020 1,052 0.07

Total Panama 1,403 0.10

Singapore (31 May 2016: 0.04%)


425,000 Flex Ltd 4.625% 15/02/2020 448 0.03

Total Singapore 448 0.03

Spain (31 May 2016: 0.50%)


750,000 Banco Bilbao Vizcaya Argentaria SA 3% 20/10/2020 752 0.05


750,000 Telefonica Emisiones SAU 3.192% 27/04/2018 766 0.05

1,250,000 Telefonica Emisiones SAU 5.134% 27/04/2020 1,356 0.10




Total Spain 5,323 0.37

Sweden (31 May 2016: 0.54%)


1,000,000 Svenska Handelsbanken AB 1.5% 06/09/2019 982 0.07



1,750,000 Svenska Handelsbanken AB 2.45% 30/03/2021 1,743 0.12




$'000


Sweden (31 May 2016: 0.54%) (cont)


500,000 Skandinaviska Enskilda Banken AB 1.5% 13/09/2019 491 0.03

1,000,000 Skandinaviska Enskilda Banken AB 1.875% 13/09/2021 964 0.07

750,000 Skandinaviska Enskilda Banken AB 2.625% 15/03/2021 752 0.05

Total Sweden 9,926 0.69

Switzerland (31 May 2016: 1.66%)


915,000 UBS AG 1.375% 01/06/2017 915 0.06

500,000 UBS AG 1.375% 14/08/2017 500 0.03

3,250,000 UBS AG 1.8% 26/03/2018 3,253 0.23

600,000 UBS AG 2.35% 26/03/2020 599 0.04

1,950,000 UBS AG 2.375% 14/08/2019 1,960 0.14

500,000 UBS AG 4.875% 04/08/2020 541 0.04

1,375,000 UBS AG 5.75% 25/04/2018 1,448 0.10


1,800,000 Credit Suisse AG 1.375% 26/05/2017 1,799 0.13

2,250,000 Credit Suisse AG 1.7% 27/04/2018 2,242 0.16

300,000 Credit Suisse AG 1.75% 29/01/2018 299 0.02

2,000,000 Credit Suisse AG 2.3% 28/05/2019 2,003 0.14

1,000,000 Credit Suisse AG 3% 29/10/2021 1,004 0.07

1,000,000 Credit Suisse AG 4.375% 05/08/2020 1,058 0.07


1,536,000 Credit Suisse AG 5.4% 14/01/2020 1,639 0.11

1,500,000 Credit Suisse AG 6% 15/02/2018 1,562 0.11

Total Switzerland 20,822 1.45

United Kingdom (31 May 2016: 4.62%)


1,461,000 GlaxoSmithKline Capital Plc 1.5% 08/05/2017 1,464 0.10


2,500,000 HSBC Holdings Plc 2.95% 25/05/2021 2,485 0.17



1,800,000 Lloyds Bank Plc 2.7% 17/08/2020 1,812 0.13

700,000 Lloyds Bank Plc 6.375% 21/01/2021 798 0.05

860,000 Santander UK Plc 1.375% 13/03/2017 860 0.06

230,000 Santander UK Plc 2% 24/08/2018 230 0.02

1,420,000 Santander UK Plc 2.375% 16/03/2020 1,406 0.10

1,775,000 Santander UK Plc 2.5% 14/03/2019 1,784 0.12

325,000 Santander UK Plc 3.05% 23/08/2018 331 0.02


1,000,000 AstraZeneca Plc 1.75% 16/11/2018 1,000 0.07

2,000,000 AstraZeneca Plc 2.375% 16/11/2020 1,990 0.14

1,500,000 AstraZeneca Plc 5.9% 15/09/2017 1,553 0.11

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)

United Kingdom (31 May 2016: 4.62%) (cont)

Corporate bonds: A- rating (cont)

1,050,000 BP Capital Markets Plc 1.375% 10/05/2018 1,051 0.07



890,000 BP Capital Markets Plc 1.846% 05/05/2017 892 0.06








830,000 Diageo Capital Plc 1.125% 29/04/2018 824 0.06

1,384,000 Diageo Capital Plc 1.5% 11/05/2017 1,386 0.10




1,000,000 British Telecommunications Plc 2.35% 14/02/2019 1,006 0.07


1,100,000 Lloyds Banking Group Plc 3.1% 06/07/2021 1,109 0.08

1,160,000 Vodafone Group Plc 1.25% 26/09/2017 1,157 0.08


275,000 Vodafone Group Plc 1.625% 20/03/2017 275 0.02





450,000 Barclays Plc 2% 16/03/2018 449 0.03

1,750,000 Barclays Plc 2.75% 08/11/2019 1,745 0.12

1,000,000 Barclays Plc 2.875% 08/06/2020 990 0.07

1,200,000 Barclays Plc 3.2% 10/08/2021 1,180 0.08

1,700,000 Barclays Plc 3.25% 12/01/2021 1,691 0.12

1,665,000 Santander UK Group Holdings Plc 2.875% 16/10/2020 1,644 0.12


$'000



Corporate bonds: BBB rating (cont)

1,500,000 Santander UK Group Holdings Plc 2.875% 05/08/2021 1,470 0.10

210,000 Santander UK Group Holdings Plc 3.125% 08/01/2021 209 0.02


300,000 Barclays Bank Plc 5.14% 14/10/2020 317 0.02

800,000 Royal Bank of Scotland Group Plc 6.4% 21/10/2019 872 0.06

Total United Kingdom 53,248 3.71

United States (31 May 2016: 75.21%)

Corporate bonds: AAA rating

750,000 Johnson & Johnson 1.125% 01/03/2019 747 0.05

100,000 Johnson & Johnson 1.65% 05/12/2018 101 0.01

2,500,000 Johnson & Johnson 1.65% 01/03/2021 2,458 0.17

800,000 Johnson & Johnson 1.875% 05/12/2019 805 0.06

924,000 Johnson & Johnson 5.15% 15/07/2018 981 0.07

425,000 Microsoft Corp 0.875% 15/11/2017 424 0.03

1,500,000 Microsoft Corp 1.1% 08/08/2019 1,478 0.10

750,000 Microsoft Corp 1.3% 03/11/2018 749 0.05

1,250,000 Microsoft Corp 1.55% 08/08/2021 1,211 0.08

650,000 Microsoft Corp 1.625% 06/12/2018 653 0.05

2,050,000 Microsoft Corp 1.85% 12/02/2020 2,042 0.14

4,525,000 Microsoft Corp 2% 03/11/2020 4,514 0.32

600,000 Microsoft Corp 4.2% 01/06/2019 638 0.04

Corporate bonds: AA+ rating

450,000 Apple Inc 0.9% 12/05/2017 450 0.03

2,057,000 Apple Inc 1% 03/05/2018 2,048 0.14

1,719,000 Apple Inc 1.05% 05/05/2017 1,720 0.12

1,500,000 Apple Inc 1.1% 02/08/2019 1,475 0.10

300,000 Apple Inc 1.3% 23/02/2018 300 0.02

1,063,000 Apple Inc 1.55% 07/02/2020 1,050 0.07

2,500,000 Apple Inc 1.55% 04/08/2021 2,419 0.17

585,000 Apple Inc 1.7% 22/02/2019 586 0.04

1,400,000 Apple Inc 2% 06/05/2020 1,399 0.10

1,850,000 Apple Inc 2.1% 06/05/2019 1,880 0.13

3,920,000 Apple Inc 2.25% 23/02/2021 3,916 0.27

1,360,000 Exxon Mobil Corp 0.921% 15/03/2017 1,360 0.10

1,250,000 Exxon Mobil Corp 1.305% 06/03/2018 1,249 0.09

1,300,000 Exxon Mobil Corp 1.708% 01/03/2019 1,299 0.09

1,600,000 Exxon Mobil Corp 1.819% 15/03/2019 1,604 0.11

975,000 Exxon Mobil Corp 1.912% 06/03/2020 971 0.07

2,550,000 Exxon Mobil Corp 2.222% 01/03/2021 2,542 0.18


750,000 Alphabet Inc 3.625% 19/05/2021 797 0.06

425,000 Automatic Data Processing Inc 2.25% 15/09/2020 427 0.03

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)

United States (31 May 2016: 75.21%) (cont)

Corporate bonds: AA rating (cont)

450,000 Berkshire Hathaway Finance Corp 1.3% 15/05/2018 449 0.03


1,000,000 Berkshire Hathaway Finance Corp 1.45% 07/03/2018 1,000 0.07





640,000 Berkshire Hathaway Inc 1.55% 09/02/2018 641 0.04




150,000 Lubrizol Corp 8.875% 01/02/2019 172 0.01

628,000 Merck & Co Inc 1.1% 31/01/2018 627 0.04

450,000 Merck & Co Inc 1.3% 18/05/2018 450 0.03

1,800,000 Merck & Co Inc 1.85% 10/02/2020 1,798 0.13

550,000 Merck Sharp & Dohme Corp 5% 30/06/2019 594 0.04

900,000 Pfizer Inc 0.9% 15/01/2017 900 0.06

975,000 Pfizer Inc 1.1% 15/05/2017 974 0.07

1,800,000 Pfizer Inc 1.5% 15/06/2018 1,800 0.13

1,500,000 Pfizer Inc 1.95% 03/06/2021 1,480 0.10

1,350,000 Pfizer Inc 2.1% 15/05/2019 1,365 0.10

1,190,000 Wal-Mart Stores Inc 1% 21/04/2017 1,191 0.08

1,680,000 Wal-Mart Stores Inc 1.125% 11/04/2018 1,675 0.12


900,000 Wal-Mart Stores Inc 3.625% 08/07/2020 949 0.07





65,000 3M Co 1% 26/06/2017 65 0.00

500,000 3M Co 1.625% 19/09/2021 487 0.03

1,375,000 3M Co 2% 07/08/2020 1,375 0.10

1,461,000 Amazon.com Inc 1.2% 29/11/2017 1,461 0.10

1,050,000 Amazon.com Inc 2.6% 05/12/2019 1,071 0.08


$'000




2,025,000 Chevron Corp 1.104% 05/12/2017 2,021 0.14

900,000 Chevron Corp 1.365% 02/03/2018 898 0.06

1,800,000 Chevron Corp 1.561% 16/05/2019 1,790 0.13

3,000,000 Chevron Corp 1.718% 24/06/2018 3,007 0.21

500,000 Chevron Corp 1.79% 16/11/2018 501 0.04

2,200,000 Chevron Corp 1.961% 03/03/2020 2,189 0.15

700,000 Chevron Corp 2.1% 16/05/2021 692 0.05

850,000 Chevron Corp 2.193% 15/11/2019 859 0.06

1,750,000 Chevron Corp 2.419% 17/11/2020 1,759 0.12

785,000 Chevron Corp 4.95% 03/03/2019 839 0.06

1,725,000 Cisco Systems Inc 1.1% 03/03/2017 1,726 0.12


1,000,000 Cisco Systems Inc 1.4% 20/09/2019 988 0.07


742,000 Cisco Systems Inc 1.65% 15/06/2018 744 0.05






1,650,000 Coca-Cola Co 3.15% 15/11/2020 1,718 0.12

1,000,000 Coca-Cola Co 1.15% 01/04/2018 998 0.07

1,500,000 Coca-Cola Co 1.55% 01/09/2021 1,450 0.10

475,000 Coca-Cola Co 1.65% 01/11/2018 477 0.03

1,500,000 Coca-Cola Co 1.875% 27/10/2020 1,487 0.10

1,100,000 Coca-Cola Co 2.45% 01/11/2020 1,114 0.08

100,000 Colgate-Palmolive Co 1.75% 15/03/2019 100 0.01

1,400,000 Eli Lilly & Co 1.95% 15/03/2019 1,403 0.10

400,000 Eli Lilly & Co 5.2% 15/03/2017 405 0.03

640,000 General Electric Co 1.6% 20/11/2017 642 0.05


2,500,000 General Electric Co 2.2% 09/01/2020 2,511 0.18










1,087,000 General Electric Co 6% 07/08/2019 1,204 0.08

1,350,000 International Business Machines Corp 1.125% 06/02/2018 1,346 0.09

200,000 International Business Machines Corp 1.25% 06/02/2017 200 0.01

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)











300,000 Novartis Capital Corp 4.4% 24/04/2020 323 0.02

3,040,000 Oracle Corp 1.2% 15/10/2017 3,043 0.21

2,500,000 Oracle Corp 1.9% 15/09/2021 2,441 0.17

1,576,000 Oracle Corp 2.25% 08/10/2019 1,595 0.11

1,850,000 Oracle Corp 2.375% 15/01/2019 1,875 0.13

1,600,000 Oracle Corp 2.8% 08/07/2021 1,627 0.11

900,000 Oracle Corp 3.875% 15/07/2020 954 0.07

750,000 Oracle Corp 5% 08/07/2019 808 0.06

1,425,000 Oracle Corp 5.75% 15/04/2018 1,507 0.11

1,150,000 Precision Castparts Corp 1.25% 15/01/2018 1,148 0.08

700,000 Precision Castparts Corp 2.25% 15/06/2020 702 0.05

1,345,000 Procter & Gamble Co 1.7% 03/11/2021 1,320 0.09

550,000 Procter & Gamble Co 1.85% 02/02/2021 545 0.04


1,100,000 Toyota Motor Credit Corp 1.125% 16/05/2017 1,099 0.08


900,000 Toyota Motor Credit Corp 1.45% 12/01/2018 900 0.06





1,750,000 Toyota Motor Credit Corp 2% 24/10/2018 1,760 0.12




$'000






500,000 US Bank NA 1.1% 30/01/2017 500 0.04

900,000 US Bank NA 1.35% 26/01/2018 899 0.06

1,250,000 US Bank NA 1.375% 11/09/2017 1,251 0.09

1,500,000 US Bank NA 1.4% 26/04/2019 1,485 0.10

1,520,000 US Bank NA 2.125% 28/10/2019 1,529 0.11

2,200,000 Wells Fargo Bank NA 1.65% 22/01/2018 2,202 0.15



250,000 Altera Corp 1.75% 15/05/2017 251 0.02

150,000 Altera Corp 2.5% 15/11/2018 153 0.01

1,500,000 American Honda Finance Corp 1.2% 12/07/2019 1,475 0.10




599,000 American Honda Finance Corp 2.125% 10/10/2018 605 0.04


400,000 Bristol-Myers Squibb Co 0.875% 01/08/2017 399 0.03

750,000 Bristol-Myers Squibb Co 1.75% 01/03/2019 754 0.05

1,600,000 Costco Wholesale Corp 1.125% 15/12/2017 1,599 0.11


65,000 Costco Wholesale Corp 1.75% 15/02/2020 64 0.00


1,509,000 General Dynamics Corp 1% 15/11/2017 1,508 0.11

2,711,000 GlaxoSmithKline Capital Inc 5.65% 15/05/2018 2,863 0.20

200,000 Illinois Tool Works Inc 0.9% 25/02/2017 200 0.01



1,955,000 Intel Corp 1.35% 15/12/2017 1,958 0.14

1,080,000 Intel Corp 1.7% 19/05/2021 1,054 0.07

1,170,000 Intel Corp 2.45% 29/07/2020 1,185 0.08

1,700,000 Intel Corp 3.3% 01/10/2021 1,769 0.12

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)



1,180,000 JPMorgan Chase Bank NA 1.65% 23/09/2019 1,170 0.08

850,000 MidAmerican Energy Co 2.4% 15/03/2019 861 0.06

500,000 MUFG Union Bank NA 2.625% 26/09/2018 506 0.04

695,000 Paccar Financial Corp 1.3% 10/05/2019 687 0.05


500,000 Pfizer Inc 1.7% 15/12/2019 499 0.04

1,000,000 Pfizer Inc 2.2% 15/12/2021 993 0.07

500,000 Texas Instruments Inc 1% 01/05/2018 497 0.03

425,000 Texas Instruments Inc 1.65% 03/08/2019 424 0.03

350,000 Texas Instruments Inc 1.75% 01/05/2020 347 0.02

1,550,000 Unilever Capital Corp 0.85% 02/08/2017 1,546 0.11

1,500,000 Unilever Capital Corp 1.375% 28/07/2021 1,442 0.10

550,000 Unilever Capital Corp 2.2% 06/03/2019 559 0.04

700,000 Unilever Capital Corp 4.8% 15/02/2019 750 0.05

1,500,000 United Parcel Service Inc 3.125% 15/01/2021 1,558 0.11


50,000 United Parcel Service Inc 5.5% 15/01/2018 52 0.00

1,829,000 UnitedHealth Group Inc 1.4% 15/12/2017 1,830 0.13

315,000 UnitedHealth Group Inc 1.45% 17/07/2017 315 0.02




1,000,000 UnitedHealth Group Inc 2.125% 15/03/2021 989 0.07



700,000 UnitedHealth Group Inc 6% 15/02/2018 736 0.05

1,111,000 US Bancorp 1.65% 15/05/2017 1,113 0.08

950,000 US Bancorp 1.95% 15/11/2018 956 0.07

1,825,000 US Bancorp 2.2% 25/04/2019 1,841 0.13

1,300,000 US Bancorp 2.35% 29/01/2021 1,303 0.09

1,450,000 Visa Inc 1.2% 14/12/2017 1,451 0.10

2,295,000 Visa Inc 2.2% 14/12/2020 2,295 0.16


$'000



Corporate bonds: A+/*- rating

1,355,000 Abbott Laboratories 2% 15/03/2020 1,333 0.09

1,005,000 Abbott Laboratories 2.35% 22/11/2019 1,006 0.07

2,000,000 Abbott Laboratories 2.9% 30/11/2021 1,991 0.14

550,000 Abbott Laboratories 5.125% 01/04/2019 588 0.04

655,000 Qualcomm Inc 1.4% 18/05/2018 654 0.05

1,280,000 Qualcomm Inc 2.25% 20/05/2020 1,280 0.09

Corporate bonds: A/*+ rating

600,000 Baker Hughes Inc 3.2% 15/08/2021 613 0.04

300,000 Baker Hughes Inc 7.5% 15/11/2018 334 0.02

250,000 Bank of America NA 1.25% 14/02/2017 250 0.02



30,000 ABB Finance USA Inc 1.625% 08/05/2017 30 0.00

500,000 Ameriprise Financial Inc 5.3% 15/03/2020 543 0.04

1,212,000 Amgen Inc 1.25% 22/05/2017 1,212 0.08

1,250,000 Amgen Inc 1.85% 19/08/2021 1,201 0.08

441,000 Amgen Inc 2.125% 15/05/2017 443 0.03

3,225,000 Amgen Inc 2.2% 22/05/2019 3,250 0.23

800,000 Amgen Inc 3.45% 01/10/2020 826 0.06

427,000 Amgen Inc 5.7% 01/02/2019 460 0.03

350,000 Amgen Inc 5.85% 01/06/2017 358 0.02

40,000 Archer-Daniels-Midland Co 5.45% 15/03/2018 42 0.00

1,326,000 Bank of New York Mellon Corp 1.35% 06/03/2018 1,324 0.09

50,000 Bank of New York Mellon Corp 1.6% 22/05/2018 50 0.00












700,000 Boeing Co 4.875% 15/02/2020 762 0.05

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)



350,000 Boeing Co 6% 15/03/2019 384 0.03

1,250,000 Branch Banking & Trust Co 1.35% 01/10/2017 1,250 0.09

250,000 Branch Banking & Trust Co 2.3% 15/10/2018 253 0.02

930,000 Burlington Northern Santa Fe LLC 5.65% 01/05/2017 947 0.07

1,500,000 Burlington Northern Santa Fe LLC 5.75% 15/03/2018 1,581 0.11

1,400,000 Caterpillar Financial Services Corp 1% 03/03/2017 1,399 0.10

675,000 Caterpillar Financial Services Corp 1.25% 18/08/2017 675 0.05


2,000,000 Caterpillar Financial Services Corp 1.35% 18/05/2019 1,975 0.14








320,000 Caterpillar Inc 1.5% 26/06/2017 321 0.02

350,000 Caterpillar Inc 3.9% 27/05/2021 370 0.03

275,000 Charles Schwab Corp 1.5% 10/03/2018 276 0.02


1,030,000 Chubb INA Holdings Inc 2.3% 03/11/2020 1,029 0.07

250,000 CR Bard Inc 1.375% 15/01/2018 249 0.02

900,000 Danaher Corp 1.65% 15/09/2018 901 0.06

160,000 Danaher Corp 2.4% 15/09/2020 160 0.01

1,650,000 Deere & Co 4.375% 16/10/2019 1,760 0.12

1,000,000 Duke Energy Carolinas LLC 3.9% 15/06/2021 1,065 0.07

1,350,000 Duke Energy Progress LLC 5.3% 15/01/2019 1,449 0.10

845,000 Entergy Texas Inc 7.125% 01/02/2019 931 0.07

895,000 Gilead Sciences Inc 1.85% 04/09/2018 897 0.06



1,955,000 Gilead Sciences Inc 2.55% 01/09/2020 1,969 0.14



$'000




1,450,000 Home Depot Inc 2% 15/06/2019 1,464 0.10

1,600,000 Home Depot Inc 2% 01/04/2021 1,584 0.11

1,200,000 Home Depot Inc 2.25% 10/09/2018 1,217 0.08

1,500,000 Honeywell International Inc 1.85% 01/11/2021 1,464 0.10

1,000,000 HSBC Bank USA NA 4.875% 24/08/2020 1,062 0.07

400,000 HSBC USA Inc 1.3% 23/06/2017 400 0.03

900,000 HSBC USA Inc 1.5% 13/11/2017 899 0.06

1,700,000 HSBC USA Inc 1.625% 16/01/2018 1,697 0.12

895,000 HSBC USA Inc 1.7% 05/03/2018 893 0.06

200,000 HSBC USA Inc 2.25% 23/06/2019 200 0.01

1,315,000 HSBC USA Inc 2.35% 05/03/2020 1,303 0.09

700,000 HSBC USA Inc 2.375% 13/11/2019 699 0.05

1,300,000 HSBC USA Inc 2.625% 24/09/2018 1,313 0.09

2,200,000 HSBC USA Inc 2.75% 07/08/2020 2,203 0.15

1,595,000 Intercontinental Exchange Inc 2.75% 01/12/2020 1,613 0.11

560,000 John Deere Capital Corp 1.05% 15/12/2016 560 0.04



1,400,000 John Deere Capital Corp 1.35% 16/01/2018 1,399 0.10








1,675,000 Kimberly-Clark Corp 6.125% 01/08/2017 1,728 0.12

250,000 Manufacturers & Traders Trust Co 1.25% 30/01/2017 250 0.02

1,050,000 Manufacturers & Traders Trust Co 2.1% 06/02/2020 1,046 0.07

350,000 Mastercard Inc 2% 01/04/2019 353 0.02

675,000 Medtronic Inc 1.375% 01/04/2018 673 0.05

500,000 Medtronic Inc 1.5% 15/03/2018 500 0.03

2,200,000 Medtronic Inc 2.5% 15/03/2020 2,219 0.15

550,000 Medtronic Inc 4.45% 15/03/2020 588 0.04

750,000 MUFG Americas Holdings Corp 2.25% 10/02/2020 743 0.05

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)



750,000 NYSE Holdings LLC 2% 05/10/2017 754 0.05

500,000 Occidental Petroleum Corp 1.5% 15/02/2018 500 0.03

1,300,000 Occidental Petroleum Corp 4.1% 01/02/2021 1,381 0.10

300,000 Oncor Electric Delivery Co LLC 6.8% 01/09/2018 326 0.02

300,000 PepsiCo Inc 0.95% 22/02/2017 300 0.02

500,000 PepsiCo Inc 1.125% 17/07/2017 500 0.03

1,225,000 PepsiCo Inc 1.25% 13/08/2017 1,226 0.09

400,000 PepsiCo Inc 1.25% 30/04/2018 399 0.03

500,000 PepsiCo Inc 1.35% 04/10/2019 494 0.03

845,000 PepsiCo Inc 1.5% 22/02/2019 842 0.06

500,000 PepsiCo Inc 1.7% 06/10/2021 486 0.03

900,000 PepsiCo Inc 1.85% 30/04/2020 894 0.06

1,850,000 PepsiCo Inc 2.15% 14/10/2020 1,852 0.13

550,000 PepsiCo Inc 2.25% 07/01/2019 557 0.04

1,000,000 PepsiCo Inc 3.125% 01/11/2020 1,036 0.07

700,000 PepsiCo Inc 4.5% 15/01/2020 753 0.05

669,000 PepsiCo Inc 5% 01/06/2018 703 0.05

1,250,000 Philip Morris International Inc 1.125% 21/08/2017 1,249 0.09

200,000 Philip Morris International Inc 1.25% 11/08/2017 200 0.01



750,000 Philip Morris International Inc 4.5% 26/03/2020 804 0.06


250,000 PNC Bank NA* 1.125% 27/01/2017 250 0.02

1,000,000 PNC Bank NA* 1.45% 29/07/2019 988 0.07

250,000 PNC Bank NA* 1.5% 18/10/2017 251 0.02

250,000 PNC Bank NA* 1.5% 23/02/2018 250 0.02

750,000 PNC Bank NA* 1.8% 05/11/2018 752 0.05

750,000 PNC Bank NA* 1.85% 20/07/2018 753 0.05

2,800,000 PNC Bank NA* 1.95% 04/03/2019 2,813 0.20

1,250,000 PNC Bank NA* 2.15% 29/04/2021 1,233 0.09

500,000 PNC Bank NA* 2.2% 28/01/2019 504 0.04

1,300,000 PNC Bank NA* 2.25% 02/07/2019 1,309 0.09

500,000 PNC Bank NA* 2.3% 01/06/2020 501 0.03

2,000,000 PNC Bank NA* 2.45% 05/11/2020 2,005 0.14

750,000 PNC Bank NA* 2.6% 21/07/2020 757 0.05

500,000 Praxair Inc 4.05% 15/03/2021 532 0.04

650,000 Praxair Inc 4.5% 15/08/2019 693 0.05

900,000 Prudential Financial Inc 7.375% 15/06/2019 1,014 0.07

1,300,000 Raytheon Co 3.125% 15/10/2020 1,342 0.09


$'000




1,500,000 Simon Property Group LP 2.15% 15/09/2017 1,507 0.11

975,000 Simon Property Group LP 2.2% 01/02/2019 983 0.07



1,000,000 Simon Property Group LP 5.65% 01/02/2020 1,097 0.08

100,000 State Street Corp 1.35% 15/05/2018 100 0.01


1,286,000 State Street Corp 2.55% 18/08/2020 1,300 0.09

373,000 Stryker Corp 2% 08/03/2019 373 0.03

1,330,000 Stryker Corp 2.625% 15/03/2021 1,330 0.09

650,000 Target Corp 2.3% 26/06/2019 659 0.05

500,000 Target Corp 3.875% 15/07/2020 531 0.04

2,550,000 Target Corp 6% 15/01/2018 2,678 0.19

550,000 Travelers Cos Inc 5.9% 02/06/2019 601 0.04

500,000 Wachovia Corp 5.75% 15/06/2017 512 0.04

2,500,000 Wachovia Corp 5.75% 01/02/2018 2,616 0.18

427,000 Walt Disney Co 0.875% 30/05/2017 426 0.03

1,000,000 Walt Disney Co 1.1% 01/12/2017 999 0.07

740,000 Walt Disney Co 1.125% 15/02/2017 740 0.05

2,000,000 Walt Disney Co 1.85% 30/05/2019 2,006 0.14

350,000 Walt Disney Co 2.15% 17/09/2020 351 0.02

961,000 Walt Disney Co 2.3% 12/02/2021 964 0.07

400,000 Walt Disney Co 2.75% 16/08/2021 407 0.03

240,000 Walt Disney Co 5.5% 15/03/2019 260 0.02

600,000 Wells Fargo & Co 1.15% 02/06/2017 600 0.04

1,400,000 Wells Fargo & Co 1.4% 08/09/2017 1,399 0.10

520,000 Wells Fargo & Co 1.5% 16/01/2018 519 0.04

1,460,000 Wells Fargo & Co 2.1% 08/05/2017 1,465 0.10

2,750,000 Wells Fargo & Co 2.1% 26/07/2021 2,686 0.19

1,750,000 Wells Fargo & Co 2.125% 22/04/2019 1,757 0.12

1,450,000 Wells Fargo & Co 2.15% 15/01/2019 1,455 0.10

2,610,000 Wells Fargo & Co 2.15% 30/01/2020 2,596 0.18

1,600,000 Wells Fargo & Co 2.5% 04/03/2021 1,596 0.11

1,765,000 Wells Fargo & Co 2.55% 07/12/2020 1,764 0.12

1,833,000 Wells Fargo & Co 2.6% 22/07/2020 1,844 0.13

1,525,000 Wells Fargo & Co 2.625% 15/12/2016 1,526 0.11

1,000,000 Wells Fargo & Co 3% 22/01/2021 1,015 0.07

1,500,000 Wells Fargo & Co 4.6% 01/04/2021 1,618 0.11

3,250,000 Wells Fargo & Co 5.625% 11/12/2017 3,377 0.24

Corporate bonds: A/*- rating

1,050,000 Anthem Inc 2.25% 15/08/2019 1,048 0.07

250,000 Anthem Inc 2.3% 15/07/2018 251 0.02

1,000,000 Anthem Inc 4.35% 15/08/2020 1,060 0.08


2,982,000 AbbVie Inc 1.75% 06/11/2017 2,989 0.21

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)



2,900,000 AbbVie Inc 1.8% 14/05/2018 2,898 0.20

1,900,000 AbbVie Inc 2% 06/11/2018 1,903 0.13

1,415,000 AbbVie Inc 2.3% 14/05/2021 1,384 0.10

1,920,000 AbbVie Inc 2.5% 14/05/2020 1,914 0.13

900,000 Adobe Systems Inc 4.75% 01/02/2020 968 0.07

950,000 Aetna Inc 1.5% 15/11/2017 950 0.07

1,515,000 Aetna Inc 1.9% 07/06/2019 1,508 0.10

3,050,000 Aetna Inc 2.4% 15/06/2021 3,022 0.21

250,000 Aetna Inc 3.95% 01/09/2020 262 0.02

1,420,000 Aflac Inc 2.4% 16/03/2020 1,426 0.10

200,000 Aflac Inc 2.65% 15/02/2017 201 0.01

3,000,000 Altria Group Inc 2.625% 14/01/2020 3,033 0.21

200,000 Altria Group Inc 4.75% 05/05/2021 218 0.02

1,150,000 Altria Group Inc 9.25% 06/08/2019 1,364 0.09

500,000 American Express Bank FSB 6% 13/09/2017 517 0.04

1,101,000 American Express Credit Corp 1.125% 05/06/2017 1,101 0.08


125,000 American Express Credit Corp 1.8% 31/07/2018 125 0.01









2,586,000 American International Group Inc 2.3% 16/07/2019 2,593 0.18


800,000 American International Group Inc 5.85% 16/01/2018 836 0.06

300,000 AmerisourceBergen Corp 1.15% 15/05/2017 300 0.02

1,545,000 Anheuser-Busch InBev Finance Inc 1.125% 27/01/2017 1,544 0.11

450,000 Anheuser-Busch InBev Finance Inc 1.25% 17/01/2018 448 0.03



$'000






1,350,000 Anheuser-Busch InBev Worldwide Inc 1.375% 15/07/2017 1,351 0.09


500,000 Anheuser-Busch InBev Worldwide Inc 6.875% 15/11/2019 568 0.04


300,000 Applied Materials Inc 2.625% 01/10/2020 303 0.02

1,200,000 BB&T Corp 1.45% 12/01/2018 1,199 0.08

525,000 BB&T Corp 1.6% 15/08/2017 526 0.04

1,800,000 BB&T Corp 2.05% 19/06/2018 1,811 0.13

1,450,000 BB&T Corp 2.05% 10/05/2021 1,425 0.10

1,400,000 BB&T Corp 2.25% 01/02/2019 1,412 0.10

1,300,000 BB&T Corp 2.45% 15/01/2020 1,309 0.09

500,000 BB&T Corp 2.625% 29/06/2020 505 0.04

1,379,000 Bear Stearns Cos LLC 6.4% 02/10/2017 1,435 0.10


925,000 Berkshire Hathaway Energy Co 5.75% 01/04/2018 975 0.07

1,208,000 Biogen Inc 2.9% 15/09/2020 1,224 0.09

200,000 Biogen Inc 6.875% 01/03/2018 212 0.01

1,850,000 Boston Properties LP 3.7% 15/11/2018 1,910 0.13

2,000,000 Boston Properties LP 5.875% 15/10/2019 2,188 0.15

650,000 Cardinal Health Inc 1.95% 15/06/2018 652 0.05

750,000 Citizens Bank NA 1.6% 04/12/2017 750 0.05

250,000 Citizens Bank NA 2.3% 03/12/2018 251 0.02

1,605,000 Citizens Bank NA 2.5% 14/03/2019 1,617 0.11

320,000 Columbia Pipeline Group Inc 2.45% 01/06/2018 323 0.02


1,152,000 Comcast Corp 5.15% 01/03/2020 1,260 0.09

975,000 Comcast Corp 5.7% 15/05/2018 1,032 0.07

550,000 Comcast Corp 5.875% 15/02/2018 578 0.04

1,500,000 Comcast Corp 6.3% 15/11/2017 1,569 0.11

1,500,000 Comcast Corp 6.5% 15/01/2017 1,509 0.10

500,000 Comerica Bank 2.5% 02/06/2020 499 0.03

500,000 Commonwealth Edison Co 5.8% 15/03/2018 527 0.04

500,000 ConocoPhillips 5.2% 15/05/2018 527 0.04

2,300,000 ConocoPhillips 5.75% 01/02/2019 2,475 0.17

1,100,000 ConocoPhillips 6% 15/01/2020 1,213 0.08

774,000 ConocoPhillips Co 1.05% 15/12/2017 773 0.05

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)



750,000 ConocoPhillips Co 2.2% 15/05/2020 742 0.05

1,640,000 ConocoPhillips Co 4.2% 15/03/2021 1,737 0.12

1,000,000 Consolidated Edison Co of New York Inc 5.85% 01/04/2018 1,056 0.07

200,000 Consolidated Edison Co of New York Inc 7.125% 01/12/2018 221 0.02

1,350,000 Eaton Corp 1.5% 02/11/2017 1,352 0.09

1,635,000 Ecolab Inc 3% 08/12/2016 1,635 0.11

750,000 ERP Operating LP 4.75% 15/07/2020 806 0.06

250,000 Fifth Third Bank 1.45% 28/02/2018 249 0.02

1,660,000 Fifth Third Bank 1.625% 27/09/2019 1,636 0.11

200,000 Fifth Third Bank 2.15% 20/08/2018 201 0.01

405,000 Fifth Third Bank 2.25% 14/06/2021 400 0.03

260,000 Fifth Third Bank 2.3% 15/03/2019 262 0.02

500,000 Fifth Third Bank 2.375% 25/04/2019 504 0.04

1,900,000 HSBC Finance Corp 6.676% 15/01/2021 2,142 0.15

2,870,000 JPMorgan Chase & Co 1.35% 15/02/2017 2,871 0.20



975,000 JPMorgan Chase & Co 1.8% 25/01/2018 976 0.07


2,870,000 JPMorgan Chase & Co 2% 15/08/2017 2,882 0.20














$'000






2,000,000 JPMorgan Chase Bank NA 6% 01/10/2017 2,072 0.14

250,000 KeyBank NA 1.6% 22/08/2019 247 0.02

900,000 KeyBank NA 1.65% 01/02/2018 900 0.06

1,100,000 KeyBank NA 1.7% 01/06/2018 1,100 0.08

500,000 KeyBank NA 2.35% 08/03/2019 505 0.03

410,000 KeyBank NA 2.5% 22/11/2021 408 0.03

170,000 Lowe's Cos Inc 1.625% 15/04/2017 170 0.01

600,000 Lowe's Cos Inc 4.625% 15/04/2020 650 0.05

1,725,000 MetLife Inc 1.756% 15/12/2017 1,728 0.12

550,000 MetLife Inc 4.75% 08/02/2021 600 0.04

1,000,000 MetLife Inc 6.817% 15/08/2018 1,083 0.08

450,000 MetLife Inc 7.717% 15/02/2019 505 0.04

1,825,000 NBCUniversal Media LLC 4.375% 01/04/2021 1,965 0.14

1,800,000 NBCUniversal Media LLC 5.15% 30/04/2020 1,974 0.14

100,000 Nucor Corp 5.85% 01/06/2018 107 0.01

350,000 Stanley Black & Decker Inc 2.451% 17/11/2018 353 0.02

1,250,000 Starbucks Corp 2.1% 04/02/2021 1,243 0.09

200,000 SunTrust Bank 1.35% 15/02/2017 200 0.01

935,000 United Technologies Corp 1.5% 01/11/2019 926 0.06

2,275,000 United Technologies Corp 1.8% 01/06/2017 2,283 0.16



700,000 Waste Management Inc 4.75% 30/06/2020 757 0.05


400,000 Xilinx Inc 3% 15/03/2021 404 0.03

Corporate bonds: A-/*- rating

1,000,000 EI du Pont de Nemours & Co 3.625% 15/01/2021 1,039 0.07

950,000 EI du Pont de Nemours & Co 4.625% 15/01/2020 1,017 0.07

509,000 EI du Pont de Nemours & Co 5.25% 15/12/2016 509 0.04

25,000 EI du Pont de Nemours & Co 5.75% 15/03/2019 27 0.00

2,000,000 EI du Pont de Nemours & Co 6% 15/07/2018 2,146 0.15

200,000 Humana Inc 7.2% 15/06/2018 216 0.02

420,000 St Jude Medical Inc 2.8% 15/09/2020 420 0.03

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)



850,000 21st Century Fox America Inc 4.5% 15/02/2021 911 0.06

650,000 21st Century Fox America Inc 6.9% 01/03/2019 718 0.05

1,058,000 American Express Co 1.55% 22/05/2018 1,056 0.07

575,000 American Express Co 6.15% 28/08/2017 595 0.04

1,725,000 American Express Co 7% 19/03/2018 1,840 0.13

160,000 Amphenol Corp 2.55% 30/01/2019 162 0.01

1,600,000 Bank of America Corp 1.7% 25/08/2017 1,602 0.11

1,280,000 Bank of America Corp 2% 11/01/2018 1,284 0.09














400,000 Bank of America Corp 6.875% 15/11/2018 437 0.03


2,250,000 Bank of America NA 5.3% 15/03/2017 2,275 0.16

820,000 Becton Dickinson and Co 1.8% 15/12/2017 821 0.06

2,145,000 Becton Dickinson and Co 2.675% 15/12/2019 2,177 0.15

450,000 Becton Dickinson and Co 5% 15/05/2019 485 0.03

250,000 Capital One Bank USA NA 1.2% 13/02/2017 250 0.02

500,000 Capital One Bank USA NA 2.15% 21/11/2018 501 0.03


$'000




1,900,000 Capital One Bank USA NA 2.25% 13/02/2019 1,908 0.13

500,000 Capital One NA 1.5% 05/09/2017 500 0.03

2,065,000 Capital One NA 1.65% 05/02/2018 2,062 0.14

1,000,000 Capital One NA 2.25% 13/09/2021 976 0.07

750,000 Capital One NA 2.35% 17/08/2018 755 0.05

2,200,000 Capital One NA 2.4% 05/09/2019 2,209 0.15

1,000,000 Capital One NA 2.95% 23/07/2021 1,007 0.07

75,000 Celgene Corp 1.9% 15/08/2017 75 0.01

750,000 Celgene Corp 2.125% 15/08/2018 753 0.05

650,000 Celgene Corp 2.25% 15/05/2019 652 0.05

1,630,000 Celgene Corp 2.875% 15/08/2020 1,647 0.11

575,000 Citigroup Inc 1.35% 10/03/2017 575 0.04

1,295,000 Citigroup Inc 1.55% 14/08/2017 1,296 0.09

2,400,000 Citigroup Inc 1.7% 27/04/2018 2,396 0.17

1,200,000 Citigroup Inc 1.75% 01/05/2018 1,199 0.08

2,355,000 Citigroup Inc 1.8% 05/02/2018 2,356 0.16

850,000 Citigroup Inc 1.85% 24/11/2017 851 0.06

1,200,000 Citigroup Inc 2.05% 07/12/2018 1,201 0.08

550,000 Citigroup Inc 2.15% 30/07/2018 552 0.04

1,000,000 Citigroup Inc 2.35% 02/08/2021 981 0.07

1,735,000 Citigroup Inc 2.4% 18/02/2020 1,731 0.12

1,767,000 Citigroup Inc 2.5% 26/09/2018 1,784 0.12

2,220,000 Citigroup Inc 2.5% 29/07/2019 2,233 0.16

2,925,000 Citigroup Inc 2.55% 08/04/2019 2,951 0.21

2,600,000 Citigroup Inc 2.65% 26/10/2020 2,598 0.18

1,350,000 Citigroup Inc 2.7% 30/03/2021 1,347 0.09

550,000 Citigroup Inc 4.45% 10/01/2017 552 0.04

1,475,000 Citigroup Inc 6.125% 21/11/2017 1,539 0.11

500,000 Consolidated Edison Inc 2% 15/05/2021 490 0.03

700,000 CRH America Inc 8.125% 15/07/2018 766 0.05

1,000,000 CSX Corp 3.7% 30/10/2020 1,046 0.07

1,015,000 CVS Health Corp 1.2% 05/12/2016 1,015 0.07

2,000,000 CVS Health Corp 1.9% 20/07/2018 2,003 0.14

1,300,000 CVS Health Corp 2.125% 01/06/2021 1,272 0.09

1,130,000 CVS Health Corp 2.25% 05/12/2018 1,138 0.08

490,000 CVS Health Corp 2.25% 12/08/2019 492 0.03

2,650,000 CVS Health Corp 2.8% 20/07/2020 2,685 0.19

1,485,000 Dominion Gas Holdings LLC 2.8% 15/11/2020 1,499 0.10

1,050,000 Duke Energy Corp 1.625% 15/08/2017 1,053 0.07

620,000 Duke Energy Corp 1.8% 01/09/2021 598 0.04

700,000 Duke Energy Corp 2.1% 15/06/2018 704 0.05

550,000 Duke Energy Corp 5.05% 15/09/2019 593 0.04

548,000 eBay Inc 1.35% 15/07/2017 548 0.04

1,105,000 eBay Inc 2.2% 01/08/2019 1,103 0.08

500,000 eBay Inc 2.5% 09/03/2018 504 0.04

500,000 eBay Inc 2.875% 01/08/2021 496 0.03

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)



600,000 Enterprise Products Operating LLC 1.65% 07/05/2018 602 0.04




1,700,000 Enterprise Products Operating LLC 6.3% 15/09/2017 1,764 0.12


250,000 EOG Resources Inc 2.45% 01/04/2020 249 0.02

1,600,000 EOG Resources Inc 4.1% 01/02/2021 1,682 0.12



320,000 Express Scripts Holding Co 1.25% 02/06/2017 320 0.02

2,500,000 Express Scripts Holding Co 2.25% 15/06/2019 2,501 0.17

325,000 Express Scripts Holding Co 3.3% 25/02/2021 333 0.02

525,000 Fifth Third Bancorp 2.3% 01/03/2019 528 0.04

1,950,000 Fifth Third Bancorp 2.875% 27/07/2020 1,970 0.14

450,000 General Mills Inc 1.4% 20/10/2017 451 0.03

1,150,000 General Mills Inc 2.2% 21/10/2019 1,154 0.08



1,640,000 Goldman Sachs Group Inc 2% 25/04/2019 1,632 0.11

915,000 Goldman Sachs Group Inc 2.35% 15/11/2021 890 0.06

2,825,000 Goldman Sachs Group Inc 2.375% 22/01/2018 2,845 0.20










$'000






700,000 Goldman Sachs Group Inc 6% 15/06/2020 779 0.05




250,000 Huntington National Bank 1.375% 24/04/2017 250 0.02


250,000 Huntington National Bank 2% 30/06/2018 250 0.02



1,600,000 KeyCorp 2.3% 13/12/2018 1,613 0.11

750,000 KeyCorp 2.9% 15/09/2020 759 0.05

1,150,000 KeyCorp 5.1% 24/03/2021 1,261 0.09

500,000 Lockheed Martin Corp 1.85% 23/11/2018 502 0.04

3,385,000 Lockheed Martin Corp 2.5% 23/11/2020 3,404 0.24

500,000 Magellan Midstream Partners LP 4.25% 01/02/2021 529 0.04

200,000 Magellan Midstream Partners LP 6.55% 15/07/2019 221 0.02

850,000 McDonald's Corp 2.2% 26/05/2020 849 0.06

1,285,000 McDonald's Corp 2.75% 09/12/2020 1,301 0.09

1,100,000 McDonald's Corp 5.35% 01/03/2018 1,150 0.08

314,000 McDonald's Corp 5.8% 15/10/2017 326 0.02

1,050,000 McKesson Corp 1.292% 10/03/2017 1,050 0.07

800,000 McKesson Corp 1.4% 15/03/2018 796 0.06

275,000 McKesson Corp 2.284% 15/03/2019 276 0.02

500,000 Medco Health Solutions Inc 7.125% 15/03/2018 532 0.04

422,000 Morgan Stanley 1.875% 05/01/2018 422 0.03

1,440,000 Morgan Stanley 2.125% 25/04/2018 1,446 0.10

550,000 Morgan Stanley 2.375% 23/07/2019 552 0.04

1,100,000 Morgan Stanley 2.45% 01/02/2019 1,109 0.08

2,085,000 Morgan Stanley 2.5% 24/01/2019 2,104 0.15

3,505,000 Morgan Stanley 2.5% 21/04/2021 3,462 0.24

1,495,000 Morgan Stanley 2.625% 17/11/2021 1,477 0.10

2,027,000 Morgan Stanley 2.65% 27/01/2020 2,042 0.14

2,775,000 Morgan Stanley 2.8% 16/06/2020 2,799 0.20

2,625,000 Morgan Stanley 4.75% 22/03/2017 2,652 0.18

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)



2,250,000 Morgan Stanley 5.45% 09/01/2017 2,260 0.16

1,200,000 Morgan Stanley 5.5% 26/01/2020 1,304 0.09

2,500,000 Morgan Stanley 5.5% 24/07/2020 2,738 0.19

1,150,000 Morgan Stanley 5.5% 28/07/2021 1,277 0.09

1,550,000 Morgan Stanley 5.55% 27/04/2017 1,575 0.11

1,450,000 Morgan Stanley 5.625% 23/09/2019 1,574 0.11

1,150,000 Morgan Stanley 5.75% 25/01/2021 1,279 0.09

1,900,000 Morgan Stanley 5.95% 28/12/2017 1,986 0.14

2,500,000 Morgan Stanley 6.625% 01/04/2018 2,653 0.18

3,555,000 Morgan Stanley 7.3% 13/05/2019 3,972 0.28

775,000 Murray Street Investment Trust I 4.647% 09/03/2017 782 0.05

100,000 NetApp Inc 2% 15/12/2017 100 0.01

1,650,000 NextEra Energy Capital Holdings Inc 2.056% 01/09/2017 1,657 0.12

200,000 NextEra Energy Capital Holdings Inc 6% 01/03/2019 217 0.02

500,000 NiSource Finance Corp 6.8% 15/01/2019 549 0.04

1,250,000 Nordstrom Inc 6.25% 15/01/2018 1,311 0.09

850,000 Norfolk Southern Corp 5.75% 01/04/2018 895 0.06


1,500,000 Omnicom Group Inc 6.25% 15/07/2019 1,655 0.12

1,100,000 Pacific Gas & Electric Co 5.625% 30/11/2017 1,145 0.08

550,000 Pacific Gas & Electric Co 8.25% 15/10/2018 613 0.04

590,000 Phillips 66 2.95% 01/05/2017 594 0.04

500,000 PSEG Power LLC 3% 15/06/2021 501 0.03

100,000 Realty Income Corp 6.75% 15/08/2019 112 0.01

500,000 Regions Bank 2.25% 14/09/2018 502 0.04

50,000 Republic Services Inc 3.8% 15/05/2018 51 0.00

300,000 Republic Services Inc 5% 01/03/2020 325 0.02

150,000 Republic Services Inc 5.5% 15/09/2019 164 0.01

300,000 Santander Bank NA 2% 12/01/2018 299 0.02

850,000 Santander Holdings USA Inc 2.65% 17/04/2020 837 0.06

1,100,000 Santander Holdings USA Inc 2.7% 24/05/2019 1,099 0.08


300,000 Sempra Energy 1.625% 07/10/2019 296 0.02

500,000 Sempra Energy 2.3% 01/04/2017 501 0.04

300,000 Sempra Energy 2.4% 15/03/2020 301 0.02

1,500,000 Sempra Energy 9.8% 15/02/2019 1,755 0.12

500,000 Southern Co 1.55% 01/07/2018 498 0.03

750,000 Southern Co 1.85% 01/07/2019 746 0.05

1,585,000 Southern Co 2.35% 01/07/2021 1,559 0.11


$'000




50,000 Southern Co 2.45% 01/09/2018 51 0.00

1,350,000 Southern Co 2.75% 15/06/2020 1,362 0.10

300,000 Southern Natural Gas Co LLC 5.9% 01/04/2017 304 0.02

800,000 SunTrust Banks Inc 2.35% 01/11/2018 807 0.06



220,000 Sysco Corp 2.5% 15/07/2021 218 0.02

500,000 Sysco Corp 2.6% 01/10/2020 503 0.04

640,000 Sysco Corp 5.25% 12/02/2018 666 0.05

1,000,000 Ventas Realty LP / Ventas Capital Corp 2.7% 01/04/2020 1,007 0.07

50,000 Ventas Realty LP / Ventas Capital Corp 4% 30/04/2019 52 0.00

225,000 Verizon Communications Inc 1.1% 01/11/2017 224 0.02

2,210,000 Verizon Communications Inc 1.35% 09/06/2017 2,217 0.15









550,000 Virginia Electric & Power Co 5.4% 30/04/2018 580 0.04

500,000 Xcel Energy Inc 4.7% 15/05/2020 533 0.04

Corporate bonds: BBB+/*- rating

1,430,000 AT&T Inc 1.4% 01/12/2017 1,425 0.10

1,100,000 AT&T Inc 1.6% 15/02/2017 1,100 0.08

600,000 AT&T Inc 1.7% 01/06/2017 601 0.04

1,200,000 AT&T Inc 1.75% 15/01/2018 1,200 0.08

1,771,000 AT&T Inc 2.3% 11/03/2019 1,775 0.12

450,000 AT&T Inc 2.375% 27/11/2018 452 0.03

1,615,000 AT&T Inc 2.4% 15/03/2017 1,621 0.11

2,548,000 AT&T Inc 2.45% 30/06/2020 2,522 0.18

1,550,000 AT&T Inc 2.8% 17/02/2021 1,540 0.11

400,000 AT&T Inc 4.45% 15/05/2021 422 0.03

800,000 AT&T Inc 4.6% 15/02/2021 847 0.06

2,600,000 AT&T Inc 5% 01/03/2021 2,800 0.19

1,707,000 AT&T Inc 5.2% 15/03/2020 1,836 0.13

2,225,000 AT&T Inc 5.5% 01/02/2018 2,315 0.16

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)


Corporate bonds: BBB+/*- rating (cont)

750,000 AT&T Inc 5.6% 15/05/2018 788 0.05

1,700,000 AT&T Inc 5.8% 15/02/2019 1,826 0.13

200,000 AT&T Inc 5.875% 01/10/2019 219 0.02


350,000 American Electric Power Co Inc 1.65% 15/12/2017 350 0.02

500,000 Historic TW Inc 6.875% 15/06/2018 537 0.04

403,000 Monsanto Co 1.15% 30/06/2017 402 0.03

600,000 Time Warner Inc 2.1% 01/06/2019 599 0.04

1,200,000 Time Warner Inc 4.75% 29/03/2021 1,291 0.09

1,620,000 Time Warner Inc 4.875% 15/03/2020 1,735 0.12


450,000 Actavis Inc 1.875% 01/10/2017 451 0.03

250,000 Air Lease Corp 2.125% 15/01/2018 250 0.02

430,000 Air Lease Corp 2.125% 15/01/2020 423 0.03

281,000 Air Lease Corp 3.375% 15/01/2019 286 0.02

1,000,000 Air Lease Corp 3.375% 01/06/2021 1,014 0.07

1,180,000 Air Lease Corp 5.625% 01/04/2017 1,194 0.08

470,000 Anadarko Petroleum Corp 4.85% 15/03/2021 500 0.03





500,000 Block Financial LLC 4.125% 01/10/2020 513 0.04

670,000 Bunge Ltd Finance Corp 3.5% 24/11/2020 683 0.05

150,000 Bunge Ltd Finance Corp 8.5% 15/06/2019 173 0.01

550,000 Capital One Financial Corp 2.45% 24/04/2019 554 0.04



682,000 CBS Corp 2.3% 15/08/2019 684 0.05

100,000 CBS Corp 5.75% 15/04/2020 110 0.01

1,635,000 Charter Communications Operating LLC / Charter Communications Operating Capital 3.579% 23/07/2020 1,667 0.12

250,000 CNA Financial Corp 5.875% 15/08/2020 277 0.02

850,000 Discover Bank 2% 21/02/2018 850 0.06

500,000 Discover Bank 2.6% 13/11/2018 505 0.03

1,500,000 Discover Bank 3.1% 04/06/2020 1,518 0.11


$'000




515,000 Dollar General Corp 4.125% 15/07/2017 524 0.04

1,000,000 Dominion Resources Inc 1.6% 15/08/2019 986 0.07

1,150,000 Dominion Resources Inc 1.9% 15/06/2018 1,159 0.08

375,000 Dominion Resources Inc 2.5% 01/12/2019 379 0.03


600,000 Dominion Resources Inc 6.4% 15/06/2018 639 0.04

750,000 Dow Chemical Co 4.25% 15/11/2020 797 0.06

2,950,000 Dow Chemical Co 8.55% 15/05/2019 3,389 0.24

1,400,000 Eastman Chemical Co 2.4% 01/06/2017 1,406 0.10

750,000 Eastman Chemical Co 2.7% 15/01/2020 752 0.05

950,000 Emera US Finance LP 2.7% 15/06/2021 944 0.07

500,000 Enbridge Energy Partners LP 4.2% 15/09/2021 520 0.04



295,000 Entergy Corp 4.7% 15/01/2017 296 0.02

400,000 EQT Corp 6.5% 01/04/2018 422 0.03

25,000 EQT Corp 8.125% 01/06/2019 28 0.00

1,150,000 Exelon Generation Co LLC 2.95% 15/01/2020 1,164 0.08

100,000 Exelon Generation Co LLC 5.2% 01/10/2019 108 0.01

160,000 Exelon Generation Co LLC 6.2% 01/10/2017 166 0.01

450,000 FedEx Corp 8% 15/01/2019 507 0.04

1,120,000 Fidelity National Information Services Inc 2.25% 15/08/2021 1,092 0.08

205,000 Fidelity National Information Services Inc 2.85% 15/10/2018 208 0.01

1,550,000 Fidelity National Information Services Inc 3.625% 15/10/2020 1,600 0.11

250,000 Fifth Third Bancorp 5.45% 15/01/2017 251 0.02

200,000 Fiserv Inc 2.7% 01/06/2020 201 0.01

750,000 Ford Motor Credit Co LLC 1.461% 27/03/2017 750 0.05


1,200,000 Ford Motor Credit Co LLC 1.684% 08/09/2017 1,199 0.08


1,000,000 Ford Motor Credit Co LLC 1.897% 12/08/2019 983 0.07

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)






1,000,000 Ford Motor Credit Co LLC 2.459% 27/03/2020 986 0.07



1,100,000 Ford Motor Credit Co LLC 3% 12/06/2017 1,108 0.08










1,000,000 Fortive Corp 2.35% 15/06/2021 985 0.07

750,000 HCP Inc 2.625% 01/02/2020 750 0.05

1,000,000 HCP Inc 5.375% 01/02/2021 1,095 0.08

2,280,000 Hewlett Packard Enterprise Co 2.7% 05/10/2017 2,294 0.16



1,270,000 HP Inc 3.75% 01/12/2020 1,318 0.09

600,000 HP Inc 4.375% 15/09/2021 630 0.04

795,000 Huntington Bancshares Inc 3.15% 14/03/2021 805 0.06

100,000 Ingersoll-Rand Global Holding Co Ltd 6.875% 15/08/2018 108 0.01

1,140,000 JM Smucker Co 2.5% 15/03/2020 1,141 0.08

500,000 Kellogg Co 4% 15/12/2020 529 0.04

500,000 Kellogg Co 4.15% 15/11/2019 528 0.04

600,000 Kroger Co 2.3% 15/01/2019 607 0.04

750,000 Kroger Co 3.3% 15/01/2021 770 0.05


$'000




1,100,000 Kroger Co 6.15% 15/01/2020 1,221 0.08

500,000 Kroger Co 6.4% 15/08/2017 517 0.04

1,200,000 Laboratory Corp of America Holdings 2.625% 01/02/2020 1,201 0.08

25,000 Lam Research Corp 2.75% 15/03/2020 25 0.00

205,000 Lam Research Corp 2.8% 15/06/2021 204 0.01

340,000 Macy's Retail Holdings Inc 5.9% 01/12/2016 340 0.02

1,000,000 Marathon Petroleum Corp 2.7% 14/12/2018 1,009 0.07

300,000 Marathon Petroleum Corp 3.4% 15/12/2020 305 0.02

600,000 Marathon Petroleum Corp 5.125% 01/03/2021 649 0.04

1,175,000 Mondelez International Inc 2.25% 01/02/2019 1,182 0.08

375,000 Nasdaq Inc 5.55% 15/01/2020 407 0.03

750,000 Newmont Mining Corp 5.125% 01/10/2019 803 0.06

868,000 Noble Energy Inc 8.25% 01/03/2019 980 0.07

500,000 Northrop Grumman Corp 1.75% 01/06/2018 502 0.03

500,000 Northrop Grumman Corp 3.5% 15/03/2021 520 0.04

250,000 Oneok Partners LP 8.625% 01/03/2019 282 0.02

1,000,000 Regions Financial Corp 3.2% 08/02/2021 1,017 0.07

840,000 Reynolds American Inc 2.3% 12/06/2018 846 0.06

1,640,000 Reynolds American Inc 3.25% 12/06/2020 1,683 0.12

400,000 Reynolds American Inc 8.125% 23/06/2019 459 0.03

375,000 Roper Technologies Inc 2.05% 01/10/2018 379 0.03

1,000,000 Roper Technologies Inc 3% 15/12/2020 1,011 0.07

870,000 Scripps Networks Interactive Inc 2.7% 15/12/2016 870 0.06




850,000 Thermo Fisher Scientific Inc 2.4% 01/02/2019 857 0.06

650,000 Time Warner Cable LLC 4.125% 15/02/2021 672 0.05

2,100,000 Time Warner Cable LLC 5% 01/02/2020 2,225 0.15


3,050,000 Time Warner Cable LLC 6.75% 01/07/2018 3,267 0.23


iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)




850,000 Tyson Foods Inc 2.65% 15/08/2019 858 0.06

150,000 Valero Energy Corp 6.125% 01/02/2020 166 0.01

75,000 Valero Energy Corp 9.375% 15/03/2019 87 0.01

1,132,000 Voya Financial Inc 2.9% 15/02/2018 1,146 0.08

1,250,000 Walgreens Boots Alliance Inc 1.75% 30/05/2018 1,252 0.09

125,000 Walgreens Boots Alliance Inc 2.6% 01/06/2021 124 0.01


745,000 Zimmer Biomet Holdings Inc 2% 01/04/2018 745 0.05

1,325,000 Zimmer Biomet Holdings Inc 2.7% 01/04/2020 1,324 0.09

Corporate bonds: BBB/*- rating

1,175,000 Ares Capital Corp 3.875% 15/01/2020 1,192 0.08

Corporate bonds: BBB-/*+ rating

500,000 Spectra Energy Capital LLC 6.2% 15/04/2018 525 0.04

200,000 Spectra Energy Capital LLC 8% 01/10/2019 227 0.01


400,000 Activision Blizzard 2.3% 15/09/2021 390 0.03

1,018,000 American Tower Corp 3.3% 15/02/2021 1,032 0.07

825,000 American Tower Corp 3.4% 15/02/2019 844 0.06

500,000 American Tower Corp 3.45% 15/09/2021 508 0.04


700,000 Barrick North America Finance LLC 4.4% 30/05/2021 747 0.05

710,000 Baxalta Inc 2.875% 23/06/2020 710 0.05

528,000 Best Buy Co Inc 5% 01/08/2018 551 0.04

300,000 Boston Scientific Corp 2.65% 01/10/2018 304 0.02

530,000 Boston Scientific Corp 2.85% 15/05/2020 535 0.04

1,550,000 Boston Scientific Corp 6% 15/01/2020 1,703 0.12

650,000 Constellation Energy Group Inc 5.15% 01/12/2020 707 0.05

1,020,000 Crown Castle International Corp 2.25% 01/09/2021 984 0.07

500,000 Crown Castle International Corp 3.4% 15/02/2021 508 0.04

3,500,000 Diamond 1 Finance Corp / Diamond 2 Finance Corp 3.48% 01/06/2019 3,570 0.25

3,050,000 Diamond 1 Finance Corp / Diamond 2 Finance Corp 4.42% 15/06/2021 3,139 0.22

350,000 Discover Bank 7% 15/04/2020 391 0.03


$'000



Corporate bonds: BBB- rating (cont)

1,050,000 Discovery Communications LLC 5.05% 01/06/2020 1,130 0.08

1,360,000 Discovery Communications LLC 5.625% 15/08/2019 1,470 0.10

1,150,000 Energy Transfer Partners LP 2.5% 15/06/2018 1,153 0.08


225,000 Energy Transfer Partners LP 6.7% 01/07/2018 239 0.02

2,520,000 Exelon Corp 2.85% 15/06/2020 2,548 0.18

750,000 Expedia Inc 5.95% 15/08/2020 819 0.06

200,000 Expedia Inc 7.456% 15/08/2018 219 0.01

2,520,000 General Motors Co 3.5% 02/10/2018 2,563 0.18

615,000 General Motors Financial Co Inc 2.625% 10/07/2017 618 0.04

1,550,000 General Motors Financial Co Inc 3.1% 15/01/2019 1,565 0.11








1,000,000 International Lease Finance Corp 3.875% 15/04/2018 1,021 0.07


975,000 Jefferies Group LLC 5.125% 13/04/2018 1,010 0.07

572,000 Jefferies Group LLC 6.875% 15/04/2021 651 0.04


550,000 Kinder Morgan Energy Partners LP 2.65% 01/02/2019 551 0.04

1,010,000 Kinder Morgan Energy Partners LP 3.5% 01/03/2021 1,020 0.07


800,000 Kinder Morgan Energy Partners LP 6.5% 01/04/2020 884 0.06

785,000 Kinder Morgan Inc 2% 01/12/2017 785 0.05

1,950,000 Kinder Morgan Inc 3.05% 01/12/2019 1,971 0.14

1,755,000 Kraft Heinz Foods Co 2% 02/07/2018 1,759 0.12

850,000 Kraft Heinz Foods Co 2.25% 05/06/2017 853 0.06

iSHARES IV PLC






$'000


Bonds (31 May 2016: 98.64%) (cont)



1,100,000 Kraft Heinz Foods Co 2.8% 02/07/2020 1,110 0.08

1,100,000 Kraft Heinz Foods Co 5.375% 10/02/2020 1,194 0.08


250,000 L-3 Communications Corp 4.75% 15/07/2020 266 0.02

2,600,000 L-3 Communications Corp 5.2% 15/10/2019 2,794 0.19

825,000 Marathon Oil Corp 2.7% 01/06/2020 803 0.06

650,000 Marathon Oil Corp 5.9% 15/03/2018 679 0.05

900,000 Marathon Oil Corp 6% 01/10/2017 928 0.06

1,450,000 Mead Johnson Nutrition Co 3% 15/11/2020 1,468 0.10

500,000 Molson Coors Brewing Co 1.45% 15/07/2019 492 0.03

500,000 Molson Coors Brewing Co 2.1% 15/07/2021 487 0.03

525,000 Mylan Inc 2.55% 28/03/2019 524 0.04

955,000 Newell Brands Inc 2.6% 29/03/2019 965 0.07

1,080,000 Newell Brands Inc 3.15% 01/04/2021 1,098 0.08

835,000 NVIDIA Corp 2.2% 16/09/2021 816 0.06

500,000 Pioneer Natural Resources Co 3.45% 15/01/2021 509 0.04

300,000 Plains All American Pipeline LP / PAA Finance Corp 2.6% 15/12/2019 300 0.02

550,000 Plains All American Pipeline LP / PAA Finance Corp 5% 01/02/2021 590 0.04


585,000 Staples Inc 2.75% 12/01/2018 588 0.04

35,000 Synchrony Financial 1.875% 15/08/2017 35 0.00



795,000 Synchrony Financial 3% 15/08/2019 804 0.06

125,000 Total System Services Inc 2.375% 01/06/2018 125 0.01


420,000 Viacom Inc 2.5% 01/09/2018 422 0.03

400,000 Viacom Inc 4.5% 01/03/2021 423 0.03

200,000 Viacom Inc 5.625% 15/09/2019 216 0.01

100,000 Viacom Inc 6.125% 05/10/2017 104 0.01

300,000 Weyerhaeuser Co 7.375% 01/10/2019 338 0.02

800,000 Williams Partners LP 4.125% 15/11/2020 820 0.06

1,050,000 Williams Partners LP 5.25% 15/03/2020 1,115 0.08

950,000 Williams Partners LP / Williams Partners Finance Corp 7.25% 01/02/2017 958 0.07

1,570,000 Xerox Corp 2.75% 15/03/2019 1,567 0.11

560,000 Xerox Corp 2.95% 15/03/2017 562 0.04


$'000




750,000 Xerox Corp 5.625% 15/12/2019 805 0.06

550,000 Xerox Corp 6.35% 15/05/2018 580 0.04

468,000 Zoetis Inc 1.875% 01/02/2018 467 0.03

500,000 Zoetis Inc 3.45% 13/11/2020 512 0.04

Corporate bonds: BBB-/*- rating

220,000 Symantec Corp 2.75% 15/06/2017 221 0.02

750,000 Symantec Corp 4.2% 15/09/2020 766 0.05

Corporate bonds: BB+ rating

499,000 Enable Midstream Partners LP 2.4% 15/05/2019 487 0.03

1,500,000 Gap Inc 5.95% 12/04/2021 1,579 0.11

Total United States 1,073,072 74.76

Total bonds 1,412,859 98.43

Total value of investments 1,412,859 98.43

Cash equivalents (31 May 2016: 1.94%)

UCITS collective investment schemes - Money Market Funds (31 May 2016: 1.94%)

12,576,368 Institutional Cash Series Plc – Institutional US Dollar Liquidity Fund* 12,576 0.88

Bank overdraft† (524) (0.04)

Other net assets 10,441 0.73

Net asset value attributable to redeemable participating shareholders at the end of the period 1,435,352 100.00

† Substantially all cash positions are held with State Street Bank and Trust Company. * Investments in related party.

All credit ratings are shown as at 30 November 2016.

Fixed and variable income securities are primarily classified by

country of incorporation of the issuer for corporate fixed and variable

income securities.

Analysis of total current assets gross of all liabilities (unaudited)

Fair value $'000

% of total current assets

Transferable securities admitted to an official stock exchange 1,167,392 80.72

Transferable securities dealt in an another regulated market 245,467 16.97

UCITS collective investment schemes - Money Market Funds 12,576 0.87

Other assets 20,743 1.44

Total current assets 1,446,178 100.00

iSHARES IV PLC


SCHEDULE OF MATERIAL PURCHASES AND SALES (unaudited)



Holding Investments Proceeds

$‘000 Holding Investments Cost $‘000

Sales Purchases

3,504,000 EMC Corp 1.875% 01/06/2018 3,434 3,500,000 National Australia Bank Ltd 1.875% 12/07/2021 3,483

2,290,000 ConocoPhillips 5.75% 01/02/2019 2,491 3,100,000 Bank of America Corp 2.625% 19/04/2021 3,148

1,100,000 Altria Group Inc 2.625% 14/01/2020 1,125 3,050,000 Aetna Inc 2.4% 15/06/2021 3,110

1,000,000 Westpac Banking Corp 4.875% 19/11/2019 1,089 3,000,000 Apple Inc 1.55% 04/08/2021 2,988

1,000,000 Lockheed Martin Corp 2.5% 23/11/2020 1,028 2,965,000 Shire Acquisitions Investments Ireland DAC 2.4%

1,000,000 UBS AG 2.375% 14/08/2019 1,025 23/09/2021 2,963

1,000,000 AstraZeneca Plc 2.375% 16/11/2020 1,022 2,900,000 Mylan NV 3.15% 15/06/2021 2,960

1,000,000 JPMorgan Chase & Co 1.35% 15/02/2017 1,002 2,800,000 Lockheed Martin Corp 2.5% 23/11/2020 2,888

1,000,000 HSBC USA Inc 1.3% 23/06/2017 998 2,770,000 Bank of America Corp 2.65% 01/04/2019 2,833

995,000 American Express Credit Corp 2.375% 26/05/2020 997 2,750,000 Wells Fargo & Co 2.1% 26/07/2021 2,758

1,000,000 Shell International Finance BV 1.375% 10/05/2019 995 2,600,000 Microsoft Corp 2% 03/11/2020 2,653

1,000,000 Bank of Montreal 1.9% 27/08/2021 993 2,300,000 Goldman Sachs Group Inc 7.5% 15/02/2019 2,623

1,000,000 Unilever Capital Corp 2% 28/07/2026 986 2,400,000 ConocoPhillips 5.75% 01/02/2019 2,614

1,000,000 National Australia Bank Ltd 1.875% 12/07/2021 981 2,500,000 Oracle Corp 1.9% 15/09/2021 2,510

950,000 AstraZeneca Plc 1.75% 16/11/2018 955 2,500,000 Bank of Montreal 1.9% 27/08/2021 2,483

870,000 AstraZeneca Plc 5.9% 15/09/2017 912 2,275,000 Wells Fargo & Co 5.625% 11/12/2017 2,406

855,000 Caterpillar Financial Services Corp 1% 03/03/2017 855 2,250,000 Commonwealth Bank of Australia 2.4% 02/11/2020 2,289

800,000 Dominion Gas Holdings LLC 2.8% 15/11/2020 818 2,250,000 Simon Property Group LP 2.15% 15/09/2017 2,275

775,000 Simon Property Group LP 2.15% 15/09/2017 779 2,200,000 Ford Motor Credit Co LLC 2.375% 12/03/2019 2,220

777,000 EMC Corp 2.65% 01/06/2020 744 2,150,000 AbbVie Inc 1.8% 14/05/2018 2,160

700,000 UBS Group Funding Jersey Ltd 3% 15/04/2021 715 2,000,000 Goldman Sachs Group Inc 6.15% 01/04/2018 2,141

660,000 EI du Pont de Nemours & Co 6% 15/07/2018 706

700,000 Apple Inc 1.05% 05/05/2017 701

668,000 Reynolds American Inc 3.5% 04/08/2016 671

665,000 Eastman Chemical Co 2.4% 01/06/2017 669

650,000 Chevron Corp 1.718% 24/06/2018 652

620,000 US Bank NA 1.4% 26/04/2019 619

610,000 Toronto-Dominion Bank 1.125% 02/05/2017 610

600,000 Commonwealth Bank of Australia 2.4% 02/11/2020 610

500,000 Wal-Mart Stores Inc 4.25% 15/04/2021 563

500,000 GlaxoSmithKline Capital Inc 5.65% 15/05/2018 542

525,000 BNP Paribas SA 2.375% 14/09/2017 529

500,000 Verizon Communications Inc 3.45% 15/03/2021 525

500,000 American Express Credit Corp 2.6% 14/09/2020 517

500,000 Gap Inc 5.95% 12/04/2021 515

500,000 Oracle Corp 2.375% 15/01/2019 515

500,000 Walgreens Boots Alliance Inc 2.7% 18/11/2019 513

500,000 American Honda Finance Corp 2.15% 13/03/2020 513

500,000 Morgan Stanley 5.45% 09/01/2017 512

515,000 Teva Pharmaceutical Finance Netherlands III BV 2.2%

21/07/2021 511

500,000 Microsoft Corp 2% 03/11/2020 511

500,000 Express Scripts Holding Co 2.25% 15/06/2019 510

500,000 Societe Generale SA 2.5% 08/04/2021 504

500,000 Total Capital International SA 1.55% 28/06/2017 503

iSHARES IV PLC


SCHEDULE OF MATERIAL PURCHASES AND SALES (unaudited) (continued)




$‘000

Sales

500,000 GlaxoSmithKline Capital Plc 1.5% 08/05/2017 502

500,000 Anheuser-Busch InBev Worldwide Inc 1.375% 15/07/2017 501

500,000 Deutsche Bank AG 2.5% 13/02/2019 501

500,000 AbbVie Inc 2% 06/11/2018 501

The CBI requires a Schedule of material changes in the composition of the portfolio during the period. These are defined as aggregate purchases

of a security exceeding one per cent of the total value of purchases for the period and aggregate disposals greater than one per cent of the total

value of sales. At a minimum the largest 20 purchases and 20 sales must be given or all purchases and sales if less than 20. A full listing of the

portfolio changes for the period is available, upon request, at no cost from the Administrator.

iSHARES IV PLC

iShares $ Short Duration High Yield Corp Bond UCITS ETF





2016 $’000


2015 $’000


Net gains/(losses) on financial assets/liabilities at fair value through profit or loss 6,329 (26,652)


Operating expenses (1,321) (797)


Finance costs:

Distributions to redeemable participating shareholders (13,283) 2,297

Interest expense (1) -

Total finance costs (13,284) 2,297


Non-reclaimable withholding tax - (7)








2016 $’000


2015 $’000

Net assets attributable to holders of redeemable participating shares at the beginning of the period 586,764 266,058


Share transactions:




Net assets attributable to holders of redeemable participating shares at the end of the period 674,186 440,319


iSHARES IV PLC






31 May 2016 $’000

CURRENT ASSETS

Cash 1 237



Financial assets at fair value through profit or loss 3 632,453 564,026

Total current assets 682,265 589,734

CURRENT LIABILITIES


Payables (7,584) (2,970)


Net asset value attributable to redeemable participating shareholders at the end of the period/year 674,186 586,764


iSHARES IV PLC






$'000


Transferable Securities Admitted to an Official Stock Exchange Listing or traded on a Regulated Market (31 May 2016: 96.12%)

Bonds (31 May 2016: 96.12%)



250,000 BlueScope Steel Finance Ltd / BlueScope Steel Finance USA LLC 6.5% 15/05/2021 263 0.04

Corporate bonds: B- rating

280,000 Virgin Australia Holdings Ltd 7.875% 15/10/2021 282 0.04

150,000 Virgin Australia Holdings Ltd 8.5% 15/11/2019 156 0.02

Total Australia 701 0.10

Bermuda (31 May 2016: 1.71%)


725,000 Aircastle Ltd 4.625% 15/12/2018 757 0.11

1,025,000 Aircastle Ltd 5.125% 15/03/2021 1,078 0.16

1,265,000 Aircastle Ltd 6.25% 01/12/2019 1,368 0.21

814,000 Aircastle Ltd 6.75% 15/04/2017 826 0.12

Corporate bonds: BB rating

200,000 China Oil & Gas Group Ltd 5.25% 25/04/2018 202 0.03

900,000 Fly Leasing Ltd 6.75% 15/12/2020 936 0.14

300,000 NCL Corp Ltd 4.625% 15/11/2020 305 0.04

300,000 NCL Corp Ltd 5.25% 15/11/2019 304 0.05

Corporate bonds: B+ rating

730,000 Weatherford International Ltd 5.125% 15/09/2020 669 0.10

1,515,000 Weatherford International Ltd 7.75% 15/06/2021 1,473 0.22

1,320,000 Weatherford International Ltd 9.625% 01/03/2019 1,397 0.21

Corporate bonds: B rating

450,000 Noble Group Ltd 6.75% 29/01/2020 370 0.05


Canada (31 May 2016: 3.01%)


2,647,000 Cenovus Energy Inc 5.7% 15/10/2019 2,805 0.42


1,100,000 Kinross Gold Corp 5.125% 01/09/2021 1,111 0.16


200,000 Evraz Inc NA Canada 7.5% 15/11/2019 200 0.03

200,000 Gibson Energy Inc 6.75% 15/07/2021 208 0.03

200,000 Mattamy Group Corp 6.5% 15/11/2020 199 0.03

1,282,000 Precision Drilling Corp 6.625% 15/11/2020 1,289 0.19

383,000 Teck Resources Ltd 3% 01/03/2019 380 0.06

1,000,000 Teck Resources Ltd 4.5% 15/01/2021 1,012 0.15



$'000


Canada (31 May 2016: 3.01%) (cont)

Corporate bonds: BB- rating

175,000 Air Canada 7.75% 15/04/2021 191 0.03

200,000 Baytex Energy Corp 5.125% 01/06/2021 173 0.03

250,000 Cogeco Communications Inc 4.875% 01/05/2020 258 0.04

250,000 Eldorado Gold Corp 6.125% 15/12/2020 252 0.04

225,000 Lundin Mining Corp 7.5% 01/11/2020 238 0.03

325,000 MEG Energy Corp 6.5% 15/03/2021 293 0.04

225,000 Trinidad Drilling Ltd 7.875% 15/01/2019 222 0.03


250,000 Brookfield Residential Properties Inc 6.5% 15/12/2020 254 0.04

250,000 IAMGOLD Corp 6.75% 01/10/2020 244 0.03

1,075,000 Niska Gas Storage Ltd / Niska Gas Storage Canada Finance Corp 6.5% 01/04/2019 1,082 0.16


300,000 Seven Generations Energy Ltd 8.25% 15/05/2020 319 0.05

500,000 Telesat Canada / Telesat LLC 6% 15/05/2017 500 0.07


300,000 Bombardier Inc 4.75% 15/04/2019 298 0.05

235,000 Bombardier Inc 5.5% 15/09/2018 250 0.04

250,000 Bombardier Inc 7.5% 15/03/2018 269 0.04

400,000 Bombardier Inc 7.75% 15/03/2020 403 0.06

500,000 Bombardier Inc 8.75% 01/12/2021 496 0.07

150,000 Canbriam Energy Inc 9.75% 15/11/2019 157 0.02

200,000 GFL Environmental Inc 9.875% 01/02/2021 217 0.03

175,000 Tembec Industries Inc 9% 15/12/2019 152 0.02

950,000 Valeant Pharmaceuticals International Inc 5.375% 15/03/2020 798 0.12



Corporate bonds: CCC- rating

186,000 Mood Media Corp 9.25% 15/10/2020 101 0.02




850,000 Noble Holding International Ltd 4.625% 01/03/2021 678 0.10

1,050,000 Noble Holding International Ltd 4.9% 01/08/2020 915 0.14


1,100,000 Transocean Inc 4.25% 15/10/2017 1,102 0.16

1,500,000 Transocean Inc 6% 15/03/2018 1,510 0.23

1,300,000 Transocean Inc 6.5% 15/11/2020 1,286 0.19

1,750,000 Transocean Inc 6.8% 15/12/2016 1,750 0.26

iSHARES IV PLC






$'000


Bonds (31 May 2016: 96.12%) (cont)

Cayman Islands (31 May 2016: 1.19%) (cont)


300,000 Global A&T Electronics Ltd 10% 01/02/2019 231 0.03


Finland (31 May 2016: 0.35%)


2,136,000 Nokia Oyj 5.375% 15/05/2019 2,235 0.33

Total Finland 2,235 0.33

France (31 May 2016: 0.03%)


500,000 Rexel SA 5.25% 15/06/2020 342 0.05

Total France 342 0.05

Greece (31 May 2016: 0.04%)

Ireland (31 May 2016: 1.02%)


200,000 Borets Finance DAC 7.625% 26/09/2018 197 0.03

Corporate bonds: CCC+ rating

200,000 Ardagh Packaging Finance Plc / Ardagh Holdings USA Inc 6% 30/06/2021 203 0.03

200,000 Ardagh Packaging Finance Plc / Ardagh Holdings USA Inc 6.25% 31/01/2019 203 0.03

250,000 Ardagh Packaging Finance Plc / Ardagh Holdings USA Inc 6.75% 31/01/2021 255 0.04

Total Ireland 858 0.13

Japan (31 May 2016: 0.23%)


1,200,000 SoftBank Group Corp 4.5% 15/04/2020 1,223 0.18


Jersey (31 May 2016: 0.04%)


200,000 Lincoln Finance Ltd 7.375% 15/04/2021 212 0.03




500,000 Nielsen Co Luxembourg SARL 5.5% 01/10/2021 520 0.08

1,250,000 Telecom Italia Capital SA 6.999% 04/06/2018 1,334 0.20

1,665,000 Telecom Italia Capital SA 7.175% 18/06/2019 1,850 0.27


1,250,000 ArcelorMittal 6.25% 05/08/2020 1,357 0.20

2,100,000 ArcelorMittal 6.5% 01/03/2021 2,285 0.34

2,000,000 ArcelorMittal 10.85% 01/06/2019 2,350 0.35


$'000


Luxembourg (31 May 2016: 4.56%) (cont)

Corporate bonds: BB rating (cont)

200,000 Dufry Finance SCA 5.5% 15/10/2020 205 0.03

500,000 Puma International Financing SA 6.75% 01/02/2021 511 0.08

900,000 Wind Acquisition Finance SA 4.75% 15/07/2020 901 0.13

200,000 Wind Acquisition Finance SA 6.5% 30/04/2020 207 0.03


300,000 Mallinckrodt International Finance SA / Mallinckrodt CB LLC 4.875% 15/04/2020 297 0.04

Corporate bonds: B/*+ rating

300,000 ConvaTec Healthcare E SA 10.5% 15/12/2018 301 0.04


200,000 Albea Beauty Holdings SA 8.375% 01/11/2019 208 0.03

1,300,000 Wind Acquisition Finance SA 7.375% 23/04/2021 1,323 0.20


200,000 Altice Finco SA 9.875% 15/12/2020 210 0.03

300,000 Coveris Holdings SA 7.875% 01/11/2019 297 0.04

400,000 INEOS Group Holdings SA 5.875% 15/02/2019 406 0.06


200,000 Globe Luxembourg SCA 9.625% 01/05/2018 191 0.03

Corporate bonds: CCC rating

300,000 Accudyne Industries Borrower / Accudyne Industries LLC 7.75% 15/12/2020 228 0.03

3,300,000 Intelsat Jackson Holdings SA 7.25% 01/04/2019 2,592 0.39



Corporate bonds: CC rating

1,000,000 Intelsat Luxembourg SA 6.75% 01/06/2018 725 0.11




250,000 NXP BV / NXP Funding LLC 3.75% 01/06/2018 255 0.04





975,000 Royal Bank of Scotland NV 4.65% 04/06/2018 991 0.15

iSHARES IV PLC






$'000


Bonds (31 May 2016: 96.12%) (cont)

Netherlands (31 May 2016: 1.00%) (cont)


3,170,000 Fiat Chrysler Automobiles NV 4.5% 15/04/2020 3,207 0.48


200,000 Carlson Wagonlit BV 6.875% 15/06/2019 206 0.03

250,000 Constellium NV 7.875% 01/04/2021 267 0.04


150,000 Playa Resorts Holding BV 8% 15/08/2020 154 0.02


Norway (31 May 2016: Nil)

Corporate bonds: C rating

200,000 Petroleum Geo-Services ASA 7.375% 15/12/2018 181 0.03

Total Norway 181 0.03



200,000 STATS ChipPAC Pte Ltd 8.5% 24/11/2020 205 0.03


Sweden (31 May 2016: 0.07%)


200,000 Perstorp Holding AB 8.75% 15/05/2017 200 0.03


200,000 Perstorp Holding AB 11% 15/08/2017 200 0.03

Total Sweden 400 0.06



1,700,000 Ensco Plc 4.7% 15/03/2021 1,535 0.23


550,000 Anglo American Capital Plc 3.625% 14/05/2020 550 0.08




400,000 International Game Technology Plc 5.625% 15/02/2020 419 0.06

200,000 Jaguar Land Rover Automotive Plc 3.5% 15/03/2020 200 0.03



200,000 Tesco Plc 2.7% 05/01/2017 200 0.03

300,000 Tesco Plc 5.5% 15/11/2017 309 0.05


$'000






1,000,000 Virgin Media Secured Finance Plc 5.25% 15/01/2021 1,048 0.16

500,000 Virgin Media Secured Finance Plc 5.375% 15/04/2021 464 0.07


200,000 CEVA Group Plc 4% 01/05/2018 177 0.02

275,000 Tullow Oil Plc 6% 01/11/2020 251 0.04


200,000 KCA Deutag UK Finance Plc 7.25% 15/05/2021 172 0.03

Corporate bonds: CCC+/*- rating

450,000 Algeco Scotsman Global Finance Plc 8.5% 15/10/2018 405 0.06

Corporate bonds: NR rating

214,000 Avanti Communications Group Plc 10% 01/10/2019 163 0.02




750,000 Masco Corp 3.5% 01/04/2021 757 0.11

1,100,000 Masco Corp 7.125% 15/03/2020 1,243 0.19


825,000 American Equity Investment Life Holding Co 6.625% 15/07/2021 856 0.13

2,850,000 Arconic Inc 5.4% 15/04/2021 3,002 0.44

1,180,000 Arconic Inc 5.55% 01/02/2017 1,183 0.18

1,650,000 Arconic Inc 5.72% 23/02/2019 1,741 0.26

2,075,000 Arconic Inc 6.15% 15/08/2020 2,237 0.33

1,600,000 Arconic Inc 6.75% 15/07/2018 1,699 0.25

1,200,000 Constellation Brands Inc 3.75% 01/05/2021 1,247 0.18



600,000 DR Horton Inc 4.75% 15/05/2017 609 0.09

850,000 EnLink Midstream Partners LP 2.7% 01/04/2019 844 0.12

3,340,000 HCA Inc 3.75% 15/03/2019 3,408 0.51

1,065,000 HCA Inc 4.25% 15/10/2019 1,095 0.16

6,620,000 HCA Inc 6.5% 15/02/2020 7,199 1.07

850,000 Leidos Holdings Inc 4.45% 01/12/2020 863 0.13

1,050,000 Murphy Oil Corp 3.5% 01/12/2017 1,054 0.16

1,450,000 Nabors Industries Inc 4.625% 15/09/2021 1,414 0.21

1,400,000 Nabors Industries Inc 5% 15/09/2020 1,410 0.21


iSHARES IV PLC






$'000


Bonds (31 May 2016: 96.12%) (cont)



1,400,000 PBF Holding Co LLC / PBF Finance Corp 8.25% 15/02/2020 1,439 0.21

1,700,000 Pride International Inc 6.875% 15/08/2020 1,734 0.26

850,000 Pride International Inc 8.5% 15/06/2019 914 0.14

850,000 QVC Inc 3.125% 01/04/2019 860 0.13

4,400,000 Sabine Pass Liquefaction LLC 5.625% 01/02/2021 4,661 0.69

134,000 Smithfield Foods Inc 5.25% 01/08/2018 135 0.02

950,000 Smithfield Foods Inc 7.75% 01/07/2017 979 0.14

1,450,000 Vereit Operating Partnership LP 3% 06/02/2019 1,447 0.21

815,000 Vereit Operating Partnership LP 4.125% 01/06/2021 835 0.12

Corporate bonds: BBB-/*- rating

265,000 Standard Industries Inc 5.125% 15/02/2021 276 0.04

Corporate bonds: BB+/*+ rating

1,025,000 Joy Global Inc 5.125% 15/10/2021 1,120 0.16

850,000 Tesoro Corp 4.25% 01/10/2017 864 0.13


1,400,000 Ally Financial Inc 2.75% 30/01/2017 1,400 0.21











800,000 Ally Financial Inc 7.5% 15/09/2020 886 0.13

1,667,000 Ally Financial Inc 8% 15/03/2020 1,862 0.28

2,047,000 Ball Corp 4.375% 15/12/2020 2,154 0.32

2,181,000 Case New Holland Industrial Inc 7.875% 01/12/2017 2,298 0.34

1,250,000 CCO Holdings LLC / CCO Holdings Capital Corp 5.25% 15/03/2021 1,295 0.19

2,510,000 CIT Group Inc 3.875% 19/02/2019 2,546 0.38

3,370,000 CIT Group Inc 4.25% 15/08/2017 3,414 0.51

2,700,000 CIT Group Inc 5% 15/05/2017 2,733 0.41

3,345,000 CIT Group Inc 5.25% 15/03/2018 3,451 0.51

1,620,000 CIT Group Inc 5.375% 15/05/2020 1,705 0.25

710,000 CIT Group Inc 5.5% 15/02/2019 747 0.11

350,000 CIT Group Inc 6.625% 01/04/2018 368 0.05

1,850,000 Clean Harbors Inc 5.125% 01/06/2021 1,888 0.28

1,550,000 Clean Harbors Inc 5.25% 01/08/2020 1,582 0.23

850,000 Commercial Metals Co 7.35% 15/08/2018 904 0.13

850,000 Dana Inc 5.375% 15/09/2021 880 0.13


$'000



Corporate bonds: BB+ rating (cont)

600,000 Diamond Offshore Drilling Inc 5.875% 01/05/2019 614 0.09

1,250,000 Edgewell Personal Care Co 4.7% 19/05/2021 1,296 0.19

1,100,000 Equinix Inc 4.875% 01/04/2020 1,127 0.17

1,150,000 FirstEnergy Corp 2.75% 15/03/2018 1,159 0.17

261,000 Fresenius Medical Care US Finance II Inc 4.125% 15/10/2020 267 0.04



300,000 Fresenius Medical Care US Finance Inc 5.75% 15/02/2021 324 0.05

750,000 Fresenius Medical Care US Finance Inc 6.875% 15/07/2017 769 0.11

150,000 GameStop Corp 5.5% 01/10/2019 151 0.02

200,000 GameStop Corp 6.75% 15/03/2021 200 0.03

1,000,000 GLP Capital LP / GLP Financing II Inc 4.375% 01/11/2018 1,035 0.15

940,000 GLP Capital LP / GLP Financing II Inc 4.375% 15/04/2021 968 0.14

2,200,000 GLP Capital LP / GLP Financing II Inc 4.875% 01/11/2020 2,302 0.34

700,000 Graham Holdings Co 7.25% 01/02/2019 755 0.11

1,000,000 Graphic Packaging International Inc 4.75% 15/04/2021 1,052 0.16

2,005,000 Hughes Satellite Systems Corp 6.5% 15/06/2019 2,158 0.32

2,000,000 Icahn Enterprises LP / Icahn Enterprises Finance Corp 3.5% 15/03/2017 2,000 0.30

2,750,000 Icahn Enterprises LP / Icahn Enterprises Finance Corp 4.875% 15/03/2019 2,766 0.41

3,780,000 Icahn Enterprises LP / Icahn Enterprises Finance Corp 6% 01/08/2020 3,763 0.56

958,000 International Game Technology 7.5% 15/06/2019 1,049 0.16

650,000 IPALCO Enterprises Inc 3.45% 15/07/2020 656 0.10

305,000 IPALCO Enterprises Inc 5% 01/05/2018 317 0.05

2,050,000 L Brands Inc 6.625% 01/04/2021 2,270 0.34

1,150,000 L Brands Inc 7% 01/05/2020 1,290 0.19

800,000 L Brands Inc 8.5% 15/06/2019 916 0.14

250,000 Meccanica Holdings USA Inc 6.25% 15/07/2019 271 0.04

1,450,000 Nielsen Finance LLC / Nielsen Finance Co 4.5% 01/10/2020 1,483 0.22

900,000 NuStar Logistics LP 4.8% 01/09/2020 889 0.13


1,650,000 PulteGroup Inc 4.25% 01/03/2021 1,681 0.25

1,400,000 QEP Resources Inc 6.875% 01/03/2021 1,447 0.21

1,025,000 Range Resources Corp 5.75% 01/06/2021 1,039 0.15

385,000 Rockies Express Pipeline LLC 5.625% 15/04/2020 401 0.06

iSHARES IV PLC






$'000


Bonds (31 May 2016: 96.12%) (cont)



200,000 Rockies Express Pipeline LLC 6% 15/01/2019 207 0.03


175,000 Sanmina Corp 4.375% 01/06/2019 180 0.03

1,450,000 Steel Dynamics Inc 5.125% 01/10/2021 1,512 0.22

974,000 Steel Dynamics Inc 6.125% 15/08/2019 1,007 0.15

150,000 Tegna Inc 4.875% 15/09/2021 153 0.02

1,300,000 Tegna Inc 5.125% 15/10/2019 1,333 0.20

1,250,000 Tegna Inc 5.125% 15/07/2020 1,290 0.19

1,025,000 Tesoro Logistics LP / Tesoro Logistics Finance Corp 5.5% 15/10/2019 1,088 0.16



700,000 Toll Brothers Finance Corp 4% 31/12/2018 721 0.11

600,000 Toll Brothers Finance Corp 8.91% 15/10/2017 632 0.09

900,000 USG Corp 8.25% 15/01/2018 953 0.14

700,000 William Carter Co 5.25% 15/08/2021 728 0.11

300,000 WR Grace & Co-Conn 5.125% 01/10/2021 315 0.05

415,000 ZF North America Capital Inc 4% 29/04/2020 430 0.06


2,273,000 AES Corp 7.375% 01/07/2021 2,517 0.37

850,000 AES Corp 8% 01/06/2020 990 0.15

850,000 Amkor Technology Inc 6.625% 01/06/2021 869 0.13

850,000 Anixter Inc 5.125% 01/10/2021 880 0.13

800,000 Anixter Inc 5.625% 01/05/2019 838 0.12

2,200,000 Antero Resources Corp 5.375% 01/11/2021 2,266 0.34

1,100,000 Antero Resources Corp 6% 01/12/2020 1,134 0.17

1,276,000 Ashland LLC 3.875% 15/04/2018 1,305 0.19

1,005,000 CalAtlantic Group Inc 8.375% 15/05/2018 1,087 0.16

925,000 CalAtlantic Group Inc 8.375% 15/01/2021 1,075 0.16

3,030,000 Centene Corp 5.625% 15/02/2021 3,106 0.46

770,000 CNH Industrial Capital LLC 3.25% 01/02/2017 771 0.11

950,000 CNH Industrial Capital LLC 3.375% 15/07/2019 947 0.14

1,300,000 CNH Industrial Capital LLC 3.625% 15/04/2018 1,306 0.19





$'000





300,000 CommScope Inc 4.375% 15/06/2020 307 0.05

675,000 Continental Airlines 2012-3 Class C Pass Thru Certificates 6.125% 29/04/2018 698 0.10

200,000 DCP Midstream LLC 4.75% 30/09/2021 204 0.03



1,050,000 DCP Midstream Operating LP 2.5% 01/12/2017 1,066 0.16

665,000 Diamond 1 Finance Corp / Diamond 2 Finance Corp 5.875% 15/06/2021 699 0.10

300,000 DigitalGlobe Inc 5.25% 01/02/2021 299 0.04

1,400,000 Dollar Tree Inc 5.25% 01/03/2020 1,444 0.21

1,700,000 DPL Inc 7.25% 15/10/2021 1,746 0.26

1,275,000 DuPont Fabros Technology LP 5.875% 15/09/2021 1,331 0.20

800,000 Energen Corp 4.625% 01/09/2021 806 0.12

500,000 First Data Corp 6.75% 01/11/2020 519 0.08

250,000 First Quality Finance Co Inc 4.625% 15/05/2021 247 0.04

800,000 Harsco Corp 5.75% 15/05/2018 847 0.13

1,000,000 Health Net Inc 6.375% 01/06/2017 1,022 0.15

843,000 IAC/InterActiveCorp 4.875% 30/11/2018 855 0.13

900,000 Isle of Capri Casinos Inc 5.875% 15/03/2021 934 0.14

1,050,000 Lennar Corp 4.5% 15/06/2019 1,081 0.16

1,330,000 Lennar Corp 4.5% 15/11/2019 1,368 0.20

649,000 Lennar Corp 4.75% 15/12/2017 660 0.10

1,140,000 Lennar Corp 4.75% 01/04/2021 1,176 0.17

644,000 Lennar Corp 12.25% 01/06/2017 676 0.10

950,000 NCR Corp 4.625% 15/02/2021 964 0.14

750,000 Radian Group Inc 5.25% 15/06/2020 776 0.12

695,000 Radian Group Inc 7% 15/03/2021 757 0.11

500,000 RHP Hotel Properties LP / RHP Finance Corp 5% 15/04/2021 510 0.08

780,000 Rowan Cos Inc 5% 01/09/2017 790 0.12

1,100,000 Rowan Cos Inc 7.875% 01/08/2019 1,178 0.17

850,000 Sabra Health Care LP / Sabra Capital Corp 5.5% 01/02/2021 872 0.13

200,000 Sealed Air Corp 6.5% 01/12/2020 226 0.03

1,100,000 SESI LLC 6.375% 01/05/2019 1,083 0.16

200,000 Sirius XM Radio Inc 4.25% 15/05/2020 204 0.03

300,000 Sirius XM Radio Inc 5.75% 01/08/2021 313 0.05

800,000 T-Mobile Inc 5.25% 01/09/2018 810 0.12

3,752,000 T-Mobile Inc 6.25% 01/04/2021 3,897 0.58

2,700,000 T-Mobile Inc 6.464% 28/04/2019 2,744 0.41

3,175,000 T-Mobile Inc 6.542% 28/04/2020 3,268 0.48

2,000,000 T-Mobile Inc 6.625% 15/11/2020 2,045 0.30

2,700,000 T-Mobile Inc 6.633% 28/04/2021 2,816 0.42

iSHARES IV PLC






$'000


Bonds (31 May 2016: 96.12%) (cont)



1,750,000 Terex Corp 6% 15/05/2021 1,766 0.26

1,675,000 WellCare Health Plans Inc 5.75% 15/11/2020 1,714 0.25

150,000 West Corp 4.75% 15/07/2021 153 0.02

Corporate bonds: BB/*- rating

855,000 CenturyLink Inc 5.15% 15/06/2017 863 0.13

2,523,000 CenturyLink Inc 5.625% 01/04/2020 2,630 0.39

900,000 CenturyLink Inc 6% 01/04/2017 909 0.13

2,700,000 CenturyLink Inc 6.45% 15/06/2021 2,784 0.41

2,685,000 Energy Transfer Equity LP 7.5% 15/10/2020 3,001 0.45

Corporate bonds: BB-/*+ rating

700,000 Chemtura Corp 5.75% 15/07/2021 728 0.11

650,000 Northern Tier Energy LLC / Northern Tier Finance Corp 7.125% 15/11/2020 676 0.10


950,000 ACCO Brands Corp 6.75% 30/04/2020 993 0.15

2,150,000 ADT Corp 6.25% 15/10/2021 2,313 0.34

800,000 Ally Financial Inc 8% 31/12/2018 868 0.13

195,000 American Airlines Group Inc 4.625% 01/03/2020 194 0.03



900,000 American Axle & Manufacturing Inc 6.25% 15/03/2021 926 0.14

500,000 Cedar Fair LP / Canada's Wonderland Co / Magnum Management Corp 5.25% 15/03/2021 517 0.08

1,563,000 CHS/Community Health Systems Inc 5.125% 15/08/2018 1,522 0.22


750,000 Coeur Mining Inc 7.875% 01/02/2021 776 0.11

850,000 Dell Inc 4.625% 01/04/2021 860 0.13

970,000 Dell Inc 5.65% 15/04/2018 1,006 0.15

1,200,000 Dell Inc 5.875% 15/06/2019 1,264 0.19

150,000 DS Services of America Inc 10% 01/09/2021 165 0.02

875,000 Freeport-McMoRan Inc 2.15% 01/03/2017 873 0.13

1,760,000 Freeport-McMoRan Inc 2.3% 14/11/2017 1,756 0.26



1,400,000 Freeport-McMoran Oil & Gas LLC / FCX Oil & Gas Inc 6.5% 15/11/2020 1,444 0.21

1,675,000 HRG Group Inc 7.875% 15/07/2019 1,746 0.26

1,975,000 Hughes Satellite Systems Corp 7.625% 15/06/2021 2,126 0.31

250,000 Iron Mountain Inc 4.375% 01/06/2021 256 0.04


$'000



Corporate bonds: BB- rating (cont)

425,000 Iron Mountain Inc 6% 01/10/2020 447 0.07

200,000 KCG Holdings Inc 6.875% 15/03/2020 198 0.03

300,000 Kinetic Concepts Inc / KCI USA Inc 7.875% 15/02/2021 318 0.05

1,012,000 MGM Resorts International 5.25% 31/03/2020 1,065 0.16



950,000 MGM Resorts International 11.375% 01/03/2018 1,055 0.16

800,000 Navient Corp 4.625% 25/09/2017 812 0.12

2,350,000 Navient Corp 4.875% 17/06/2019 2,415 0.36

1,160,000 Navient Corp 5% 26/10/2020 1,174 0.17

2,864,000 Navient Corp 5.5% 15/01/2019 2,975 0.44

1,025,000 Navient Corp 5.875% 25/03/2021 1,053 0.15

1,525,000 Navient Corp 6.625% 26/07/2021 1,592 0.23

3,223,000 Navient Corp 8% 25/03/2020 3,545 0.52

4,800,000 Navient Corp 8.45% 15/06/2018 5,172 0.77

835,000 NewStar Financial Inc 7.25% 01/05/2020 827 0.12

850,000 NGL Energy Partners LP / NGL Energy Finance Corp 5.125% 15/07/2019 825 0.12

575,000 NGPL PipeCo LLC 7.119% 15/12/2017 596 0.09

250,000 NGPL PipeCo LLC 9.625% 01/06/2019 261 0.04

325,000 NRG Energy Inc 7.875% 15/05/2021 337 0.05

400,000 Nuance Communications Inc 5.375% 15/08/2020 409 0.06

925,000 PHI Inc 5.25% 15/03/2019 871 0.13

190,000 Seminole Hard Rock Entertainment Inc / Seminole Hard Rock International LLC 5.875% 15/05/2021 188 0.03

800,000 Silgan Holdings Inc 5% 01/04/2020 815 0.12

375,000 Six Flags Entertainment Corp 5.25% 15/01/2021 386 0.06

1,900,000 Southwestern Energy Co 5.8% 23/01/2020 1,938 0.29

428,000 Southwestern Energy Co 7.5% 01/02/2018 447 0.07

425,000 Sprint Communications Inc 7% 01/03/2020 458 0.07

1,625,000 Sprint Communications Inc 9% 15/11/2018 1,781 0.26

1,265,000 Sunoco LP / Sunoco Finance Corp 5.5% 01/08/2020 1,271 0.19

1,800,000 Sunoco LP / Sunoco Finance Corp 6.25% 15/04/2021 1,809 0.27

1,600,000 Targa Resources Partners LP / Targa Resources Partners Finance Corp 4.125% 15/11/2019 1,616 0.24

250,000 Taylor Morrison Communities Inc / Monarch Communities Inc 5.25% 15/04/2021 255 0.04

iSHARES IV PLC






$'000


Bonds (31 May 2016: 96.12%) (cont)



2,100,000 Tenet Healthcare Corp 4.375% 01/10/2021 2,007 0.30



3,770,000 Tenet Healthcare Corp 6% 01/10/2020 3,850 0.57


850,000 TRI Pointe Group Inc / TRI Pointe Homes Inc 4.375% 15/06/2019 859 0.13

470,000 United States Steel Corp 8.375% 01/07/2021 522 0.08

1,800,000 Vector Group Ltd 7.75% 15/02/2021 1,881 0.28

Corporate bonds: BB-/*- rating

1,800,000 Frontier Communications Corp 6.25% 15/09/2021 1,687 0.25

950,000 Frontier Communications Corp 7.125% 15/03/2019 988 0.15


925,000 Frontier Communications Corp 8.25% 15/04/2017 948 0.14




1,165,000 Starz LLC / Starz Finance Corp 5% 15/09/2019 1,179 0.17

Corporate bonds: B+/*+ rating

1,100,000 Level 3 Financing Inc 6.125% 15/01/2021 1,135 0.17


200,000 American Builders & Contractors Supply Co Inc 5.625% 15/04/2021 207 0.03

900,000 Atwood Oceanics Inc 6.5% 01/02/2020 697 0.10

325,000 BlueLine Rental Finance Corp 7% 01/02/2019 311 0.05

200,000 Calumet Specialty Products Partners LP / Calumet Finance Corp 11.5% 15/01/2021 228 0.03

1,212,000 Carrizo Oil & Gas Inc 7.5% 15/09/2020 1,252 0.19

160,000 Crescent Communities LLC/Crescent Ventures Inc 8.875% 15/10/2021 158 0.02

200,000 CrownRock LP / CrownRock Finance Inc 7.125% 15/04/2021 208 0.03

2,552,000 DISH DBS Corp 4.25% 01/04/2018 2,601 0.39

1,652,000 DISH DBS Corp 4.625% 15/07/2017 1,673 0.25

2,315,000 DISH DBS Corp 5.125% 01/05/2020 2,379 0.35

4,600,000 DISH DBS Corp 6.75% 01/06/2021 4,945 0.73

3,110,000 DISH DBS Corp 7.875% 01/09/2019 3,444 0.51

4,525,000 Dynegy Inc 6.75% 01/11/2019 4,582 0.68

300,000 FBM Finance Inc 8.25% 15/08/2021 309 0.05

775,000 Genesis Energy LP / Genesis Energy Finance Corp 5.75% 15/02/2021 779 0.12


$'000



Corporate bonds: B+ rating (cont)

2,150,000 HCA Holdings Inc 6.25% 15/02/2021 2,251 0.33

1,000,000 HCA Inc 8% 01/10/2018 1,087 0.16

275,000 Infor US Inc 5.75% 15/08/2020 287 0.04

975,000 iStar Inc 4% 01/11/2017 977 0.15

1,800,000 iStar Inc 5% 01/07/2019 1,774 0.26

300,000 Jack Ohio Finance LLC / Jack Ohio Finance 1 Corp 6.75% 15/11/2021 301 0.04

250,000 Michael Baker International LLC / CDL Acquisition Co Inc 8.25% 15/10/2018 249 0.04

1,050,000 Nationstar Mortgage LLC / Nationstar Capital Corp 6.5% 01/08/2018 1,064 0.16

1,300,000 Nationstar Mortgage LLC / Nationstar Capital Corp 6.5% 01/07/2021 1,305 0.19

950,000 Nationstar Mortgage LLC / Nationstar Capital Corp 7.875% 01/10/2020 973 0.14

606,000 Nationstar Mortgage LLC / Nationstar Capital Corp 9.625% 01/05/2019 636 0.09

1,100,000 Netflix Inc 5.375% 01/02/2021 1,176 0.17

950,000 Nexstar Broadcasting Inc 6.875% 15/11/2020 980 0.15

850,000 Oasis Petroleum Inc 6.5% 01/11/2021 861 0.13

800,000 Pinnacle Foods Finance LLC / Pinnacle Foods Finance Corp 4.875% 01/05/2021 820 0.12

200,000 Plastipak Holdings Inc 6.5% 01/10/2021 209 0.03

250,000 Platform Specialty Products Corp 10.375% 01/05/2021 272 0.04

175,000 Realogy Group LLC / Realogy Co-Issuer Corp 4.5% 15/04/2019 179 0.03

1,100,000 Revlon Consumer Products Corp 5.75% 15/02/2021 1,093 0.16

6,975,000 Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 5.75% 15/10/2020 7,171 1.06

1,500,000 Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 6.875% 15/02/2021 1,001 0.15

950,000 RR Donnelley & Sons Co 7.625% 15/06/2020 982 0.15


1,200,000 Sinclair Television Group Inc 5.375% 01/04/2021 1,240 0.18

575,000 Talen Energy Supply LLC 4.625% 15/07/2019 547 0.08


1,350,000 Unit Corp 6.625% 15/05/2021 1,228 0.18

2,350,000 Whiting Petroleum Corp 5% 15/03/2019 2,326 0.35

1,750,000 Whiting Petroleum Corp 5.75% 15/03/2021 1,725 0.26

1,500,000 Windstream Services LLC 7.75% 15/10/2020 1,522 0.23

1,700,000 Windstream Services LLC 7.75% 01/10/2021 1,686 0.25

700,000 Yum! Brands Inc 3.875% 01/11/2020 711 0.11

iSHARES IV PLC






$'000


Bonds (31 May 2016: 96.12%) (cont)


Corporate bonds: B/*+ rating

650,000 Alere Inc 7.25% 01/07/2018 659 0.10

825,000 Western Refining Inc 6.25% 01/04/2021 858 0.12


250,000 Aleris International Inc 9.5% 01/04/2021 267 0.04

1,150,000 Allegheny Technologies Inc 5.95% 15/01/2021 1,058 0.16

700,000 Allegheny Technologies Inc 9.375% 01/06/2019 736 0.11

1,875,000 APX Group Inc 6.375% 01/12/2019 1,924 0.29

600,000 Avon Products Inc 6.5% 01/03/2019 624 0.09


1,350,000 B&G Foods Inc 4.625% 01/06/2021 1,372 0.20

250,000 BI-LO LLC / BI-LO Finance Corp 9.25% 15/02/2019 200 0.03

250,000 Cliffs Natural Resources Inc 8.25% 31/03/2020 275 0.04

250,000 CommScope Inc 5% 15/06/2021 253 0.04

195,000 Constellis Holdings LLC / Constellis Finance Corp 9.75% 15/05/2020 198 0.03

900,000 Covanta Holding Corp 7.25% 01/12/2020 919 0.14

275,000 Denbury Resources Inc 9% 15/05/2021 286 0.04

200,000 DriveTime Automotive Group Inc / Bridgecrest Acceptance Corp 8% 01/06/2021 191 0.03

1,025,000 Enova International Inc 9.75% 01/06/2021 994 0.15

300,000 Extraction Oil & Gas Holdings LLC / Extraction Finance Corp 7.875% 15/07/2021 316 0.05

1,150,000 Ferrellgas LP / Ferrellgas Finance Corp 6.5% 01/05/2021 1,088 0.16

375,000 Florida East Coast Holdings Corp 6.75% 01/05/2019 386 0.06

1,130,000 Genworth Holdings Inc 6.515% 22/05/2018 1,128 0.17

950,000 Genworth Holdings Inc 7.2% 15/02/2021 880 0.13



1,500,000 Hertz Corp 5.875% 15/10/2020 1,460 0.22

676,000 Hertz Corp 6.75% 15/04/2019 679 0.10

900,000 Hertz Corp 7.375% 15/01/2021 902 0.13

125,000 Hot Topic Inc 9.25% 15/06/2021 131 0.02

1,350,000 Huntsman International LLC 4.875% 15/11/2020 1,380 0.20

275,000 inVentiv Health Inc 9% 15/01/2018 277 0.04

700,000 Isle of Capri Casinos Inc 8.875% 15/06/2020 734 0.11

400,000 Jefferies Finance LLC / JFIN Co-Issuer Corp 7.375% 01/04/2020 390 0.06

200,000 Jefferies Finance LLC / JFIN Co-Issuer Corp 7.5% 15/04/2021 194 0.03


$'000



Corporate bonds: B rating (cont)

775,000 KB Home 4.75% 15/05/2019 786 0.12

775,000 KB Home 8% 15/03/2020 851 0.13

2,250,000 Momentive Performance Materials Inc 3.88% 24/10/2021 2,109 0.31

300,000 OneMain Financial Holdings LLC 6.75% 15/12/2019 305 0.04

250,000 Provident Funding Associates LP / PFG Finance Corp 6.75% 15/06/2021 252 0.04

300,000 Rain CII Carbon LLC / CII Carbon Corp 8% 01/12/2018 296 0.04

125,000 Rialto Holdings LLC / Rialto Corp 7% 01/12/2018 126 0.02

165,000 Rivers Pittsburgh Borrower LP/Rivers Pittsburgh Finance Corp 6.125% 15/08/2021 168 0.02

200,000 Simmons Foods Inc 7.875% 01/10/2021 202 0.03

1,575,000 Springleaf Finance Corp 5.25% 15/12/2019 1,546 0.23




875,000 Springs Industries Inc 6.25% 01/06/2021 902 0.13

3,225,000 Sprint Communications Inc 7% 15/08/2020 3,338 0.49

2,622,000 Sprint Communications Inc 8.375% 15/08/2017 2,724 0.40

1,980,000 Sprint Communications Inc 9.125% 01/03/2017 2,009 0.30

4,900,000 Sprint Corp 7.25% 15/09/2021 5,029 0.75

4,250,000 Sprint Nextel Corp 6% 01/12/2016 4,246 0.63

60,000 Tenet Healthcare Corp 7.5% 01/01/2022 62 0.01

850,000 Titan International Inc 6.875% 01/10/2020 825 0.12

750,000 Triumph Group Inc 4.875% 01/04/2021 686 0.10

2,100,000 Tronox Finance LLC 6.375% 15/08/2020 1,915 0.28


1,200,000 WPX Energy Inc 7.5% 01/08/2020 1,262 0.19

1,000,000 Xerium Technologies Inc 9.5% 15/08/2021 980 0.15


1,350,000 AK Steel Corp 7.625% 15/05/2020 1,381 0.20

850,000 AK Steel Corp 7.625% 01/10/2021 881 0.13

1,005,000 Aleris International Inc 7.875% 01/11/2020 984 0.15

900,000 Alta Mesa Holdings LP / Alta Mesa Finance Services Corp 9.625% 15/10/2018 886 0.13

250,000 Apex Tool Group LLC 7% 01/02/2021 225 0.03

723,000 Archrock Partners LP / Archrock Partners Finance Corp 6% 01/04/2021 690 0.10

iSHARES IV PLC






$'000


Bonds (31 May 2016: 96.12%) (cont)


Corporate bonds: B- rating (cont)

200,000 Ashton Woods USA LLC / Ashton Woods Finance Co 6.875% 15/02/2021 192 0.03

225,000 Cenveo Corp 6% 01/08/2019 200 0.03

800,000 Cequel Communications Holdings I LLC / Cequel Capital Corp 6.375% 15/09/2020 821 0.12

625,000 Citgo Holding Inc 10.75% 15/02/2020 652 0.10

4,433,000 Clear Channel Worldwide Holdings Inc 7.625% 15/03/2020 4,355 0.65

1,410,000 Cott Beverages Inc 6.75% 01/01/2020 1,459 0.22

2,200,000 CSC Holdings LLC 6.75% 15/11/2021 2,306 0.34

1,000,000 CSC Holdings LLC 8.625% 15/02/2019 1,101 0.16

230,000 Endeavor Energy Resources LP / EER Finance Inc 7% 15/08/2021 236 0.04

150,000 Euramax International Inc 12% 15/08/2020 161 0.02

200,000 Gardner Denver Inc 6.875% 15/08/2021 197 0.03

150,000 Greektown Holdings LLC/Greektown Mothership Corp 8.875% 15/03/2019 158 0.02

300,000 Guitar Center Inc 6.5% 15/04/2019 265 0.04

300,000 Halcon Resources Corp 8.625% 01/02/2020 308 0.05

325,000 Harland Clarke Holdings Corp 9.25% 01/03/2021 276 0.04

1,050,000 Hecla Mining Co 6.875% 01/05/2021 1,074 0.16

850,000 JC Penney Corp Inc 5.65% 01/06/2020 843 0.13


725,000 Kemet Corp 10.5% 01/05/2018 723 0.11

1,600,000 Kindred Healthcare Inc 8% 15/01/2020 1,535 0.23

985,000 Kratos Defense & Security Solutions Inc 7% 15/05/2019 958 0.14

800,000 Martin Midstream Partners LP / Martin Midstream Finance Corp 7.25% 15/02/2021 761 0.11

250,000 Michaels Stores Inc 5.875% 15/12/2020 257 0.04

150,000 Milacron LLC / Mcron Finance Corp 7.75% 15/02/2021 151 0.02

135,000 PaperWorks Industries Inc 9.5% 15/08/2019 111 0.02

250,000 Permian Resources LLC 13% 30/11/2020 291 0.04

2,100,000 Reynolds Group Issuer Inc / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu 8.25% 15/02/2021 752 0.11

1,300,000 Sanchez Energy Corp 7.75% 15/06/2021 1,233 0.18

1,600,000 Select Medical Corp 6.375% 01/06/2021 1,534 0.23

750,000 SuperValu Inc 6.75% 01/06/2021 746 0.11

250,000 TMX Finance LLC / TitleMax Finance Corp 8.5% 15/09/2018 204 0.03

333,000 TRU Taj LLC / TRU Taj Finance Inc 12% 15/08/2021 335 0.05

1,400,000 Universal Hospital Services Inc 7.625% 15/08/2020 1,335 0.20

1,080,000 Valeant Pharmaceuticals International 6.375% 15/10/2020 918 0.14


$'000



Corporate bonds: B- rating (cont)

250,000 Valeant Pharmaceuticals International 6.75% 15/08/2021 211 0.03

250,000 Valeant Pharmaceuticals International 7% 01/10/2020 217 0.03

1,275,000 ViaSat Inc 6.875% 15/06/2020 1,312 0.19

875,000 William Lyon Homes Inc 8.5% 15/11/2020 913 0.14

Corporate bonds: B-/*- rating

263,000 Bumble Bee Holdings Inc 9% 15/12/2017 261 0.04

Corporate bonds: CCC+/*+ rating

1,000,000 Alere Inc 6.5% 15/06/2020 997 0.15

1,000,000 Rite Aid Corp 6.75% 15/06/2021 1,053 0.15

1,785,000 Rite Aid Corp 9.25% 15/03/2020 1,864 0.28


2,000,000 APX Group Inc 8.75% 01/12/2020 1,962 0.29

425,000 Avaya Inc 7% 01/04/2019 368 0.05

155,000 Blackboard Inc 9.75% 15/10/2021 153 0.02

800,000 BMC Software Finance Inc 8.125% 15/07/2021 722 0.11

2,000,000 Cablevision Systems Corp 7.75% 15/04/2018 2,093 0.31

1,000,000 Cablevision Systems Corp 8% 15/04/2020 1,076 0.16

1,710,000 Cablevision Systems Corp 8.625% 15/09/2017 1,778 0.26

2,150,000 Caesars Entertainment Resort Properties LLC / Caesars Entertainment Resort Prope 8% 01/10/2020 2,247 0.33

1,800,000 Calumet Specialty Products Partners LP / Calumet Finance Corp 6.5% 15/04/2021 1,471 0.22

575,000 Change Healthcare Holdings Inc 11% 31/12/2019 596 0.09


4,258,000 CHS/Community Health Systems Inc 8% 15/11/2019 3,327 0.49

150,000 Cliffs Natural Resources Inc 7.75% 31/03/2020 151 0.02

500,000 DJO Finco Inc / DJO Finance LLC / DJO Finance Corp 8.125% 15/06/2021 436 0.06

3,450,000 EP Energy LLC / Everest Acquisition Finance Inc 9.375% 01/05/2020 2,890 0.43

1,380,000 GenOn Energy Inc 7.875% 15/06/2017 992 0.15

1,275,000 GenOn Energy Inc 9.5% 15/10/2018 892 0.13

1,050,000 GenOn Energy Inc 9.875% 15/10/2020 702 0.10

3,500,000 Hexion Inc 6.625% 15/04/2020 3,014 0.45

550,000 HUB International Ltd 7.875% 01/10/2021 562 0.08

1,800,000 IASIS Healthcare LLC / IASIS Capital Corp 8.375% 15/05/2019 1,590 0.24

80,000 Jo-Ann Stores LLC 8.125% 15/03/2019 79 0.01

215,000 K Hovnanian Enterprises Inc 7.25% 15/10/2020 199 0.03

750,000 Kinetic Concepts Inc / KCI USA Inc 9.625% 01/10/2021 707 0.11

iSHARES IV PLC






$'000


Bonds (31 May 2016: 96.12%) (cont)


Corporate bonds: CCC+ rating (cont)

1,190,000 Kinetic Concepts Inc / KCI USA Inc 12.5% 01/11/2021 1,065 0.16

435,000 Nature's Bounty Co 7.625% 15/05/2021 431 0.06

250,000 NFP Corp 9% 15/07/2021 259 0.04

175,000 SPL Logistics Escrow LLC / SPL Logistics Finance Corp 8.875% 01/08/2020 151 0.02

150,000 Surgery Center Holdings Inc 8.875% 15/04/2021 157 0.02

975,000 Syniverse Holdings Inc 9.125% 15/01/2019 707 0.11


875,000 Tenet Healthcare Corp 5.5% 01/03/2019 831 0.12


375,000 TPC Group Inc 8.75% 15/12/2020 303 0.05

950,000 TransDigm Inc 5.5% 15/10/2020 975 0.15

300,000 USI Inc 7.75% 15/01/2021 304 0.05

201,000 WaveDivision Escrow LLC / WaveDivision Escrow Corp 8.125% 01/09/2020 208 0.03

1,775,000 WideOpenWest Finance LLC / WideOpenWest Capital Corp 10.25% 15/07/2019 1,864 0.28

250,000 Wise Metals Group LLC / Wise Alloys Finance Corp 8.75% 15/12/2018 259 0.04

Corporate bonds: CCC rating

980,000 Advanced Disposal Services Inc 8.25% 01/10/2020 1,021 0.15

350,000 BWAY Holding Co 9.125% 15/08/2021 364 0.05

250,000 Calfrac Holdings LP 7.5% 01/12/2020 186 0.03

225,000 Ceridian HCM Holding Inc 11% 15/03/2021 231 0.04

150,000 Gibson Brands Inc 8.875% 01/08/2018 125 0.02

2,010,000 Hexion Inc 8.875% 01/02/2018 1,946 0.29

1,150,000 Hexion Inc / Hexion Nova Scotia Finance ULC 9% 15/11/2020 848 0.13

550,000 Hornbeck Offshore Services Inc 5% 01/03/2021 295 0.04

150,000 Hornbeck Offshore Services Inc 5.875% 01/04/2020 93 0.01

3,419,000 iHeartCommunications Inc 9% 15/12/2019 2,697 0.40


1,250,000 iHeartCommunications Inc 11.25% 01/03/2021 966 0.14

650,000 Laureate Education Inc 9.25% 01/09/2019 631 0.09

850,000 LSB Industries Inc 8.5% 01/08/2019 789 0.12

1,175,000 Monitronics International Inc 9.125% 01/04/2020 1,100 0.16

450,000 Murray Energy Corp 11.25% 15/04/2021 318 0.05

425,000 Neiman Marcus Group LTD LLC 8% 15/10/2021 335 0.05


$'000



Corporate bonds: CCC rating (cont)

175,000 Speedy Cash Intermediate Holdings Corp 10.75% 15/05/2018 164 0.02


1,035,000 Affinion Group Inc 7.875% 15/12/2018 802 0.12

1,600,000 Alliance One International Inc 9.875% 15/07/2021 1,335 0.20

2,400,000 Caesars Entertainment Resort Properties LLC / Caesars Entertainment Resort Prope 11% 01/10/2021 2,610 0.39

1,100,000 Clayton Williams Energy Inc 7.75% 01/04/2019 1,105 0.16

800,000 Immucor Inc 11.125% 15/08/2019 731 0.11

200,000 Jurassic Holdings III Inc 6.875% 15/02/2021 164 0.02

1,025,000 Northern Oil and Gas Inc 8% 01/06/2020 789 0.12

800,000 Resolute Energy Corp 8.5% 01/05/2020 802 0.12

Corporate bonds: CC rating


250,000 Permian Resources LLC / AEPB Finance Corp 7.125% 01/11/2020 186 0.03

Corporate bonds: C rating

750,000 Jack Cooper Holdings Corp 9.25% 01/06/2020 261 0.04

650,000 Production Resource Group Inc 8.875% 01/05/2019 394 0.06

Corporate bonds: NR rating

1,750,000 MMC Energy Inc 8.875% 15/10/2020* - 0.00

Total United States 555,242 82.35

Total bonds 632,453 93.81

Total value of investments 632,453 93.81



37,991,486 Institutional Cash Series Plc – Institutional US Dollar Liquidity Fund** 37,991 5.63

Bank overdraft† (494) (0.07)


Net asset value attributable to redeemable participating shareholders at the end of the period 674,186 100.00

† Substantially all cash positions are held with State Street Bank and Trust Company

* Investments which are less than $500 have been rounded to zero. ** Investment in related party.

iSHARES IV PLC






Fixed income securities are primarily classified by country of

incorporation of the issuer for corporate fixed income securities.


Fair value $'000


Transferable securities admitted to an official stock exchange listing 632,453 92.70



Total current assets 682,265 100.00

iSHARES IV PLC

iShares $ Short Duration High Yield Corporate Bond UCITS ETF






Sales Purchases

2,621,000 International Lease Finance Corp 8.75% 15/03/2017 2,740 4,900,000 Sprint Corp 7.25% 15/09/2021 4,931

2,210,000 International Lease Finance Corp 6.25% 15/05/2019 2,383 4,600,000 DISH DBS Corp 6.75% 01/06/2021 4,844

1,750,000 International Lease Finance Corp 8.25% 15/12/2020 2,116 3,752,000 T-Mobile USA Inc 6.25% 01/04/2021 3,947

1,850,000 AerCap Ireland Capital Ltd / AerCap Global Aviation 4,500,000 EP Energy LLC / Everest Acquisition Finance Inc

Trust 3.75% 15/05/2019 1,914 9.375% 01/05/2020 3,413

3,050,000 EP Energy LLC / Everest Acquisition Finance Inc 2,950,000 Cenovus Energy Inc 5.7% 15/10/2019 3,072

9.375% 01/05/2020 1,750 2,700,000 CenturyLink Inc 6.45% 15/06/2021 2,783

1,635,000 AerCap Ireland Capital Ltd / AerCap Global Aviation 2,273,000 AES Corp 7.375% 01/07/2021 2,599

Trust 4.625% 30/10/2020 1,729 2,400,000 Caesars Entertainment Resort Properties LLC / Caesars

1,500,000 AerCap Ireland Capital Ltd / AerCap Global Aviation Entertainment Resort Prope 11% 01/10/2021 2,595

Trust 4.5% 15/05/2021 1,579 2,270,000 HCA Inc 6.5% 15/02/2020 2,520

1,350,000 International Lease Finance Corp 5.875% 01/04/2019 1,471 2,150,000 ADT Corp 6.25% 15/10/2021 2,361

1,500,000 Chesapeake Energy Corp 6.625% 15/08/2020 1,392 2,550,000 Whiting Petroleum Corp 5% 15/03/2019 2,349

1,300,000 Weatherford International LLC 6.35% 15/06/2017 1,363 2,200,000 CSC Holdings LLC 6.75% 15/11/2021 2,316

1,265,000 International Lease Finance Corp 3.875% 15/04/2018 1,301 2,200,000 Antero Resources Corp 5.375% 01/11/2021 2,244

1,150,000 DR Horton Inc 4% 15/02/2020 1,194 2,075,000 Hughes Satellite Systems Corp 7.625% 15/06/2021 2,238

1,100,000 Westlake Chemical Corp 4.625% 15/02/2021 1,152 2,100,000 NRG Energy Inc 7.875% 15/05/2021 2,186

1,050,000 International Lease Finance Corp 8.875% 01/09/2017 1,129 2,150,000 CHS/Community Health Systems Inc 5.125% 01/08/2021 2,107

1,050,000 Navient Corp 6% 25/01/2017 1,072 2,100,000 Tenet Healthcare Corp 4.375% 01/10/2021 2,095

1,000,000 ArcelorMittal 6.125% 01/06/2018 1,048 2,000,000 Nabors Industries Inc 6.15% 15/02/2018 2,077

1,000,000 DR Horton Inc 3.75% 01/03/2019 1,032 2,000,000 Reynolds Group Issuer Inc / Reynolds Group Issuer LLC /

1,000,000 Sunoco LP / Sunoco Finance Corp 5.5% 01/08/2020 998 Reynolds Group Issuer Lu 5.75% 15/10/2020 2,061

900,000 HCA Inc 6.5% 15/02/2020 995 2,250,000 Momentive Performance Materials Inc 3.88%

950,000 Fiat Chrysler Automobiles NV 4.5% 15/04/2020 961 24/10/2021 1,988





iSHARES IV PLC

iShares $ Treasury Bond 20+yr UCITS ETF





2016 $’000


2015 $’000

Operating income 2,979 641

Net losses on financial assets/liabilities at fair value through profit or loss (11,426) (494)

Total (losses)/gains (8,447) 147

Operating expenses (249) (46)

Net operating (loss)/profit (8,696) 101

Finance costs:

Distributions to redeemable participating shareholders (3,947) 213



Net (loss)/profit for the financial period (12,645) 314

(Decrease)/increase in net assets attributable to redeemable participating shareholders from operations (12,645) 314






2016 $’000


2015 $’000



Share transactions:



(Decrease)/increase in net assets resulting from share transactions (89,408) 20,151

Net assets attributable to redeemable participating shareholders at the end of the period 102,768 57,526


iSHARES IV PLC






31 May 2016 $’000

CURRENT ASSETS

Cash 2,462 300


Receivables 677 1,054



CURRENT LIABILITIES

Payables (11,458) (36)

Total current liabilities excluding net assets attributable to redeemable participating shareholders (11,458) (36)



iSHARES IV PLC






$'000



Bonds (31 May 2016: 98.76%)


Government bonds: AA+ rating

4,050,000 United States Treasury Note/Bond 2.25% 15/08/2046 3,427 3.33








1,620,000 United States Treasury Note/Bond 3% 15/05/2042 1,621 1.58

















$'000



Government bonds: AA+ rating (cont)


675,000 United States Treasury Note/Bond 4.375% 15/02/2038 845 0.82




900,000 United States Treasury Note/Bond 4.5% 15/05/2038 1,146 1.12



450,000 United States Treasury Note/Bond 4.75% 15/02/2037 590 0.57


585,000 United States Treasury Note/Bond 5% 15/05/2037 791 0.77






9,677,467 Institutional Cash Series Plc - Institutional US Dollar Liquidity Fund* 9,677 9.42

Cash† 2,462 2.39

Other net liabilities (10,781) (10.49)


† Substantially all cash positions are held with State Street Bank and Trust Company. * Investment in related party.


Fixed income securities are primarily classified by country of issuer

for government type fixed income securities.

iSHARES IV PLC






Fair value $'000



UCITS collective investment schemes – Money Market Funds 9,677 8.47



iSHARES IV PLC






$’000 Holding Investments Cost $’000

Sales Purchases

11,280,000 United States Treasury Note/Bond 3.75% 15/11/2043 14,224 13,073,000 United States Treasury Note/Bond 2.5% 15/05/2046 13,406




11,676,000 United States Treasury Note/Bond 3% 15/11/2045 12,858 6,891,000 United States Treasury Note/Bond 3.375% 15/05/2044 8,331

11,365,000 United States Treasury Note/Bond 3% 15/11/2044 12,508 6,951,000 United States Treasury Note/Bond 3.125% 15/08/2044 8,027

11,284,000 United States Treasury Note/Bond 3% 15/05/2045 12,426 7,084,000 United States Treasury Note/Bond 3% 15/11/2045 7,993

11,488,000 United States Treasury Note/Bond 2.875% 15/08/2045 12,342 6,948,000 United States Treasury Note/Bond 3% 15/05/2045 7,833

11,395,000 United States Treasury Note/Bond 2.875% 15/05/2043 12,280 6,946,000 United States Treasury Note/Bond 3% 15/11/2044 7,832



















4,158,000 United States Treasury Note/Bond 3% 15/05/2042 4,588 2,541,000 United States Treasury Note/Bond 3% 15/05/2042 2,879









iSHARES IV PLC

iShares $ Ultrashort Bond UCITS ETF





2016 $’000


2015 $’000

Operating income 790 526

Net losses on financial assets/liabilities at fair value through profit or loss (51) (242)

Total gains 739 284


Net operating profit 677 229

Finance costs:

Distributions to redeemable participating shareholders (408) 9

Total finance costs (408) 9

Net profit for the financial period 269 238

Increase in net assets attributable to redeemable participating shareholders from operations 269 238






2016 $’000


2015 $’000



Share transactions:

Proceeds from issue of redeemable participating shares 57,509 40,875 Payments on redemption of redeemable participating shares (12,282) (26,989)




iSHARES IV PLC






31 May 2016 $’000

CURRENT ASSETS

Cash - 301


Receivables 1,388 598



CURRENT LIABILITIES


Payables (6,632) (10)




iSHARES IV PLC






$'000



Bonds (31 May 2016: 93.80%)




250,000 Australia & New Zealand Banking Group Ltd FRN 10/01/2017 250 0.14





250,000 Commonwealth Bank of Australia FRN 08/09/2017 250 0.14





250,000 National Australia Bank Ltd FRN 23/07/2018 251 0.15




250,000 Westpac Banking Corp 2% 14/08/2017 251 0.15

200,000 Westpac Banking Corp FRN 19/05/2017 200 0.12






1,000,000 Macquarie Bank Ltd 1.6% 27/10/2017 999 0.58

500,000 Macquarie Bank Ltd 5% 22/02/2017 504 0.29

250,000 Macquarie Bank Ltd FRN 27/10/2017 250 0.14

250,000 Macquarie Bank Ltd FRN 24/03/2017 250 0.15


Bermuda (31 May 2016: 0.13%)


$'000


Canada (31 May 2016: 8.52%)





650,000 Royal Bank of Canada FRN 03/02/2017 650 0.38



750,000 Toronto-Dominion Bank FRN 06/01/2017 750 0.43




250,000 Bank of Montreal 1.4% 11/09/2017 250 0.14

500,000 Bank of Montreal 2.5% 11/01/2017 501 0.29

250,000 Bank of Montreal FRN 31/07/2018 251 0.14




550,000 Bank of Nova Scotia FRN 11/04/2017 550 0.32

150,000 Bank of Nova Scotia FRN 13/12/2016 150 0.09


500,000 Thomson Reuters 1.65% 29/09/2017 501 0.29


500,000 Glencore Finance Canada 2.7% 25/10/2017 502 0.29

300,000 Glencore Finance Canada Ltd 3.6% 15/01/2017 300 0.17


Cayman Islands (31 May 2016: Nil)


1,000,000 Hutchison Whampoa International 14 1.625% 31/10/2017 1,003 0.58


France (31 May 2016: 2.08%)



750,000 Total Capital International SA FRN 10/08/2018 752 0.44


500,000 BNP Paribas SA 1.25% 12/12/2016 500 0.29

300,000 BNP Paribas SA 1.375% 17/03/2017 301 0.17

800,000 BNP Paribas SA 2.375% 14/09/2017 805 0.47

iSHARES IV PLC






$'000


Bonds (31 May 2016: 93.80%) (cont)

France (31 May 2016: 2.08%) (cont)


1,000,000 BPCE SA 1.625% 10/02/2017 1,001 0.58

250,000 BPCE SA FRN 17/06/2017 250 0.14

500,000 Credit Agricole SA FRN 12/06/2017 501 0.29

500,000 Societe Generale SA 2.75% 12/10/2017 504 0.29


600,000 Electricite de France SA FRN 20/01/2017 600 0.35


Germany (31 May 2016: 0.94%)


500,000 Deutsche Bank AG 1.35% 30/05/2017 497 0.29

500,000 Deutsche Bank AG 1.4% 13/02/2017 500 0.29

500,000 Deutsche Bank AG 6% 01/09/2017 512 0.30

300,000 Deutsche Bank AG FRN 30/05/2017 299 0.17




Italy (31 May 2016: Nil)


500,000 Intesa Sanpaolo SpA 2.375% 13/01/2017 501 0.29

Total Italy 501 0.29

Japan (31 May 2016: 3.28%)


500,000 Nippon Telegraph & Telephone Corp 1.4% 18/07/2017 499 0.29


500,000 Bank of Tokyo-Mitsubishi UFJ Ltd 1.2% 10/03/2017 499 0.29

1,000,000 Bank of Tokyo-Mitsubishi UFJ Ltd 2.35% 23/02/2017 1,003 0.58

400,000 Bank of Tokyo-Mitsubishi UFJ Ltd FRN 10/03/2017 400 0.23

500,000 Bank of Tokyo-Mitsubishi UFJ Ltd FRN 14/09/2018 503 0.29


1,000,000 Mizuho Bank Ltd 1.55% 17/10/2017 997 0.58

200,000 Mizuho Bank Ltd FRN 25/09/2017 200 0.11




500,000 Sumitomo Mitsui Banking Corp FRN 16/01/2018 500 0.29

530,000 Sumitomo Mitsui Banking Corp FRN 23/07/2018 530 0.31


$'000


Japan (31 May 2016: 3.28%) (cont)


750,000 Sumitomo Mitsui Banking Crop FRN 19/10/2018 749 0.43




1,000,000 Schlumberger Investment SA 1.25% 01/08/2017 999 0.58




500,000 Actavis Funding SCS 1.85% 01/03/2017 500 0.29

250,000 Actavis Funding SCS FRN 12/03/2018 252 0.14






250,000 Cooperatieve Rabobank UA FRN 28/04/2017 250 0.14

250,000 Siemens Financieringsmaatschappij NV FRN 25/05/2018 250 0.14


300,000 ABN Amro Bank NV 4.25% 02/02/2017 302 0.17

1,000,000 ING Bank NV 3.75% 07/03/2017 1,005 0.58


250,000 Shell International Finance BV FRN 10/05/2017 250 0.14

250,000 Shell International Finance BV FRN 10/11/2018 252 0.15


500,000 Deutsche Telekom International Finance BV 2.25% 06/03/2017 501 0.29

500,000 Heineken NV 1.4% 01/10/2017 500 0.29


500,000 Enel Finance International 6.25% 15/09/2017 518 0.30


Norway (31 May 2016: 1.27%)


1,000,000 DNB Bank ASA 3.2% 03/04/2017 1,006 0.58

500,000 Statoil ASA 3.125% 17/08/2017 506 0.29

100,000 Statoil ASA FRN 09/11/2017 100 0.06

250,000 Statoil ASA FRN 15/05/2018 250 0.15

500,000 Statoil ASA FRN 08/11/2018 501 0.29


iSHARES IV PLC






$'000


Bonds (31 May 2016: 93.80%) (cont)

Spain (31 May 2016: 0.51%)


250,000 Telefonica Emisiones SAU FRN 23/06/2017 250 0.14

Total Spain 250 0.14

Sweden (31 May 2016: 0.75%)


300,000 Nordea Bank AB 1.25% 04/04/2017 300 0.17

500,000 Nordea Bank AB 3.125% 20/03/2017 503 0.29

200,000 Nordea Bank AB FRN 17/09/2018 201 0.12

250,000 Svenska Handelsbanken AB 2.875% 04/04/2017 251 0.15




500,000 UBS AG 1.375% 01/06/2017 500 0.29

500,000 UBS AG 1.375% 14/08/2017 500 0.29

750,000 UBS AG FRN 01/06/2017 750 0.43

250,000 UBS AG FRN 26/03/2018 251 0.15


800,000 Credit Suisse AG 1.375% 26/05/2017 799 0.46

500,000 Credit Suisse AG FRN 26/05/2017 500 0.29




500,000 GlaxoSmithKline Capital Plc 1.5% 08/05/2017 501 0.29


750,000 Lloyds Bank Plc FRN 1.374% 16/03/2018 750 0.43

500,000 Santander UK Plc 1.375% 13/03/2017 500 0.29


1,000,000 AstraZeneca Plc 5.9% 15/09/2017 1,035 0.60

200,000 Barclays Bank Plc FRN 17/02/2017 200 0.11



200,000 BP Capital Markets Plc FRN 26/09/2018 201 0.12



250,000 BAT International Finance Plc FRN 15/06/2018 250 0.14


500,000 British Telecommunications Plc 1.25% 14/02/2017 500 0.29

500,000 Standard Chartered Plc FRN 19/08/2019 502 0.29


$'000




200,000 Standard Chartered Plc FRN 08/09/2017 200 0.12






500,000 Johnson & Johnson 5.55% 15/08/2017 515 0.30


500,000 Apple Inc 0.9% 12/05/2017 500 0.29

200,000 Apple Inc FRN 05/05/2017 200 0.12

1,750,000 Apple Inc FRN 03/05/2018 1,754 1.01

300,000 Apple Inc FRN 06/05/2019 301 0.17

1,000,000 Exxon Mobil Corp 0.921% 15/03/2017 1,000 0.58

200,000 Exxon Mobil Corp FRN 15/03/2017 200 0.12

150,000 Exxon Mobil Corp FRN 01/03/2018 150 0.09

200,000 New York Life Global Funding 1.125% 01/03/2017 200 0.11

250,000 New York Life Global Funding 1.65% 15/05/2017 251 0.14



100,000 Berkshire Hathaway Finance Corp FRN 10/01/2017 100 0.06




350,000 Merck & Co Inc FRN 18/05/2018 351 0.20

650,000 Pfizer Inc 1.1% 15/05/2017 649 0.37

100,000 Pfizer Inc FRN 15/05/2017 100 0.06

500,000 Pfizer Inc FRN 15/06/2018 501 0.29

500,000 Roche Holdings Inc 1.35% 29/09/2017 500 0.29



500,000 Amazon.com Inc 1.2% 29/11/2017 500 0.29

500,000 Chevron Corp 1.345% 15/11/2017 500 0.29

400,000 Chevron Corp FRN 02/03/2018 400 0.23

500,000 Chevron Corp FRN 09/11/2017 501 0.29

500,000 Chevron Corp FRN 16/05/2018 502 0.29


500,000 Cisco Systems Inc 3.15% 14/03/2017 503 0.29

500,000 Cisco Systems Inc FRN 20/09/2019 502 0.29

500,000 Cisco Systems Inc FRN 03/03/2017 500 0.29

iSHARES IV PLC






$'000


Bonds (31 May 2016: 93.80%) (cont)





200,000 General Electric Co FRN 15/02/2017 200 0.11

500,000 General Electric Co FRN 09/01/2017 500 0.29



100,000 International Business Machines Corp FRN 06/02/2018 100 0.06

500,000 International Business Machines Corp FRN 18/08/2017 501 0.29

500,000 Metropolitan Life Global Funding I 1.3% 10/04/2017 500 0.29

300,000 Metropolitan Life Global Funding I FRN 10/04/2017 300 0.17

1,000,000 Oracle Corp 1.2% 15/10/2017 1,001 0.58

400,000 Oracle Corp FRN 07/07/2017 400 0.23

500,000 Toyota Motor Credit 1.75% 22/05/2017 501 0.29



800,000 Toyota Motor Credit Corp FRN 16/02/2017 800 0.46

500,000 Toyota Motor Credit Corp FRN 13/07/2018 502 0.29

500,000 US Bank NA 1.1% 30/01/2017 500 0.29

1,000,000 US Bank NA 1.375% 11/09/2017 1,001 0.58

500,000 US Bank NA FRN 1.117% 30/01/2017 500 0.29

500,000 Wells Fargo Bank NA FRN 07/09/2017 501 0.29

250,000 Wells Fargo Bank NA FRN 24/05/2019 251 0.14

1,250,000 Wells Fargo Bank NA FRN 22/01/2018 1,257 0.73



200,000 American Honda Finance Corp 2.125% 28/02/2017 200 0.12

500,000 American Honda Finance Corp FRN 13/07/2018 501 0.29


500,000 JPMorgan Chase Bank NA FRN 23/09/2019 501 0.29


250,000 UnitedHealth Group Inc FRN 17/01/2017 250 0.14

400,000 US Bancorp 1.65% 15/05/2017 401 0.23

250,000 US Bancorp FRN 15/11/2018 251 0.14


$'000




350,000 Bank of America NA FRN 14/02/2017 350 0.20


500,000 ABB Finance USA Inc 1.625% 08/05/2017 500 0.29

250,000 Amgen Inc 1.25% 22/05/2017 250 0.14

600,000 Amgen Inc 2.125% 15/05/2017 602 0.35

250,000 Amgen Inc 5.85% 01/06/2017 256 0.15

100,000 Amgen Inc FRN 22/05/2017 100 0.06

150,000 Bank of New York Mellon Corp FRN 01/08/2018 150 0.09

500,000 Branch Banking & Trust Co 1% 03/04/2017 500 0.29

500,000 Burlington Northern Santa Fe LLC 5.65% 01/05/2017 509 0.29

250,000 Cargill Inc 1.9% 01/03/2017 250 0.14

1,550,000 Caterpillar Inc 1.5% 26/06/2017 1,552 0.90

1,000,000 Daimler Finance North America LLC 1.375% 01/08/2017 999 0.58

500,000 Daimler Finance North America LLC 2.95% 11/01/2017 501 0.29

150,000 Daimler Finance North America LLC FRN 10/03/2017 150 0.09

250,000 Daimler Finance North America LLC FRN 02/03/2018 250 0.14


500,000 HSBC USA Inc 1.3% 23/06/2017 500 0.29


125,000 John Deere Capital Corp FRN 01/03/2017 125 0.07

500,000 Kimberly-Clark Corp 6.125% 01/08/2017 516 0.30

200,000 National Rural Utilities Cooperative Finance Corp 0.95% 24/04/2017 200 0.11

500,000 PepsiCo Inc 1.125% 17/07/2017 500 0.29

500,000 PepsiCo Inc 1.25% 13/08/2017 501 0.29

500,000 PepsiCo Inc FRN 13/10/2017 500 0.29

1,000,000 Philip Morris International Inc 1.125% 21/08/2017 999 0.58

500,000 PNC Bank NA* 1.125% 27/01/2017 500 0.29

350,000 PNC Bank NA FRN* 01/06/2018 350 0.20


1,000,000 Wachovia Corp 5.75% 15/06/2017 1,023 0.59

1,000,000 Wachovia Corp FRN 15/06/2017 1,000 0.58

300,000 Walt Disney Co 1.125% 15/02/2017 300 0.17

1,000,000 Wells Fargo & Co 1.4% 08/09/2017 999 0.58

350,000 Wells Fargo & Co FRN02/06/2017 350 0.20


366,000 Anthem Inc 5.875% 15/06/2017 374 0.22


800,000 American Express Centurion Bank 6% 13/09/2017 828 0.48

iSHARES IV PLC






$'000


Bonds (31 May 2016: 93.80%) (cont)




750,000 American Express Credit Corp FRN 05/06/2017 750 0.43

500,000 American Express Credit Crop FRN 18/03/2019 501 0.29

250,000 AmerisourceBergen Corp 1.15% 15/05/2017 250 0.15

500,000 Anheuser-Busch InBev Finance Inc 1.125% 27/01/2017 500 0.29

500,000 Anheuser-Busch InBev Worldwide Inc 1.375% 15/07/2017 500 0.29

1,000,000 BB&T Corp 1.6% 15/08/2017 1,001 0.58


500,000 Comcast Corp 6.3% 15/11/2017 523 0.30

500,000 Comcast Corp 6.5% 15/01/2017 503 0.29

500,000 Ecolab Inc 3% 08/12/2016 500 0.29


950,000 JPMorgan Chase & Co FRN 15/02/2017 951 0.55

300,000 JPMorgan Chase & Co FRN 25/04/2018 301 0.17

1,000,000 JPMorgan Chase & Co FRN 25/01/2018 1,006 0.58

500,000 Lowe's Cos Inc 1.625% 15/04/2017 501 0.29

250,000 NBCUniversal Enterprise Inc FRN 15/04/2018 252 0.15

900,000 SABMiller Holdings 2.45% 15/01/2017 901 0.52



100,000 American Express Co FRN 22/05/2018 100 0.06





500,000 Bank of America Corp FRN 22/03/2018 504 0.29


250,000 Bank of America NA FRN 15/06/2017 250 0.14

250,000 Capital One NA/Mclean VA 1.5% 05/09/2017 250 0.14

500,000 Capital One NA/Mclean VA FRN 13/09/2019 502 0.29

1,000,000 Celgene Corp 1.9% 15/08/2017 1,004 0.58

1,500,000 Citigroup Inc 1.35% 10/03/2017 1,501 0.87

650,000 Citigroup Inc FRN 10/03/2017 651 0.38



1,500,000 Citigroup Inc FRN 30/07/2018 1,509 0.87


$'000




250,000 CVS Health Corp 1.2% 05/12/2016 250 0.14

500,000 Duke Energy Corp 1.625% 15/08/2017 501 0.29

500,000 eBay Inc 1.35% 15/07/2017 500 0.29


600,000 Goldman Sachs Group Inc FRN 22/05/2017 601 0.35


1,000,000 Goldman Sachs Group Inc FRN 25/04/2019 1,007 0.58




500,000 McKesson Corp 1.292% 10/03/2017 500 0.29

3,000,000 Morgan Stanley 4.75% 22/03/2017 3,031 1.75

250,000 Morgan Stanley FRN 05/01/2018 251 0.15




1,000,000 NextEra Energy Capital Holdings Inc 1.586% 01/06/2017 1,001 0.58

385,000 Phillips 66 2.95% 01/05/2017 388 0.22



100,000 Verizon Communications Inc FRN 09/06/2017 100 0.06

1,250,000 Verizon Communications Inc FRN 14/09/2018 1,280 0.74


300,000 Volkswagen Group of America Finance LLC 1.25% 23/05/2017 299 0.17

250,000 Volkswagen Group of America Finance LLC FRN 1.351 20/11/2017 249 0.14


500,000 AT&T Inc 1.6% 15/02/2017 500 0.29

500,000 AT&T Inc 2.4% 15/03/2017 502 0.29


500,000 Actavis Inc 1.875% 01/10/2017 501 0.29

150,000 Cox Communications Inc 5.875% 01/12/2016 150 0.09

300,000 Eastman Chemical Co 2.4% 01/06/2017 301 0.17





iSHARES IV PLC






$'000


Bonds (31 May 2016: 93.80%) (cont)



500,000 Ford Motor Credit Co LLC 8% 15/12/2016 501 0.29

550,000 Ford Motor Credit Co LLC FRN 27/03/2017 550 0.32




300,000 Macy's Retail Holdings Inc 5.9% 01/12/2016 300 0.17






500,000 International Lease Finance Corp 8.75% 15/03/2017 509 0.29

400,000 Kinder Morgan Energy Partners LP 6% 01/02/2017 403 0.23


250,000 Penske Truck Leasing Co Lp / PTL Finance Corp 3.75% 11/05/2017 252 0.15

500,000 Synchrony Financial FRN 09/11/2017 503 0.29

500,000 Viacom Inc 6.125% 05/10/2017 517 0.30

500,000 Xerox Corp 2.95% 15/03/2017 502 0.29







Bank Overdraft† (206) (0.12)







income securities.


Fair value $'000



Transferable securities dealt in on another regulated market 87,036 48.39




iSHARES IV PLC







Sales Purchases

1,000,000 Goldman Sachs Group Inc 5.75% 01/10/2016 1,011 1,550,000 Caterpillar Inc 1.5% 26/06/2017 1,557

700,000 Morgan Stanley 5.75% 18/10/2016 709 1,500,000 Morgan Stanley 4.75% 22/03/2017 1,523

500,000 Wal-Mart Stores Inc 5.375% 05/04/2017 517 1,500,000 Shell International Finance BV 5.2% 22/03/2017 1,522

500,000 Bank of America Corp 5.625% 14/10/2016 506 1,250,000 Wells Fargo Bank NA FRN 22/01/2018 1,257

500,000 National Australia Bank Ltd 2.75% 09/03/2017 506 1,000,000 Bank of America Corp 6.4% 28/08/2017 1,050

500,000 International Business Machines Corp 1.25% 06/02/2017 502 1,000,000 Covidien International Finance SA 6% 15/10/2017 1,045

500,000 Cisco Systems Inc 1.1% 03/03/2017 501 1,000,000 General Electric Co 5.625% 15/09/2017 1,044

500,000 Exxon Mobil Corp 0.921% 15/03/2017 501 1,000,000 International Business Machines Corp 5.7% 14/09/2017 1,044

500,000 General Electric Co FRN 09/01/2017 501 1,000,000 AstraZeneca Plc 5.9% 15/09/2017 1,044

500,000 Commonwealth Bank of Australia 1.125% 13/03/2017 500 1,000,000 Exelon Generation Co LLC 6.2% 01/10/2017 1,043

500,000 Deutsche Bank AG 1.35% 30/05/2017 498 1,000,000 Wachovia Corp 5.75% 15/06/2017 1,043

350,000 Royal Bank of Canada FRN 03/02/2017 350 1,000,000 Bear Stearns Cos LLC 6.4% 02/10/2017 1,043

350,000 Credit Suisse AG FRN 26/05/2017 350 1,000,000 Bank of America Corp 6% 01/09/2017 1,038

250,000 Toyota Motor Credit Corp 2.05% 12/01/2017 251 1,000,000 Hewlett Packard Enterprise Co 2.7% 05/10/2017 1,012

250,000 Actavis Funding SC FRN 01/09/2016 250 1,000,000 Goldman Sachs Group Inc 5.625% 15/01/2017 1,009

250,000 Oracle Corp FRN 07/07/2017 250 1,000,000 American Express Credit Corp 2.375% 24/03/2017 1,008

250,000 Rabobank Nederland New York Branch FRN 23/11/2016 250 1,000,000 Goldman Sachs Group Inc FRN 25/04/2019 1,007

1,000,000 Celgene Corp 1.9% 15/08/2017 1,007

1,000,000 Citigroup Inc FRN 30/07/2018 1,006

1,000,000 Commonwealth Bank of Australia 1.9% 18/09/2017 1,005





iSHARES IV PLC

iShares € Govt Bond 20yr Target Duration UCITS ETF





2016 €’000


2015 €’000


Net gains/(losses) on financial assets/liabilities at fair value through profit or loss 195 (148)

Total gains/(losses) 284 (96)


Net operating profit/(loss) 269 (101)

Finance costs:

Distributions to redeemable participating shareholders (89) (2)

Total finance costs (89) (2)

Net profit/(loss) for the financial period 180 (103)

Increase/(decrease) in net assets attributable to redeemable participating shareholders from operations 180 (103)






2016 €’000


2015 €’000



Share transactions:






iSHARES IV PLC





Note 30 November 2016 €’000

31 May 2016 €’000

CURRENT ASSETS

Cash 5 40

Receivables 185 155



CURRENT LIABILITIES

Payables (2) (2)

Total current liabilities excluding net assets attributable to redeemable participating shareholders (2) (2)



iSHARES IV PLC




[ 1 0 0 ] i S H A R E S I V P L C I N T E R I M R E P O R T


€'000



Bonds (31 May 2016: 98.52%)

Austria (31 May 2016: 8.58%)


54,000 Republic of Austria Government Bond 1.5% 20/02/2047 56 0.36





Total Austria 1,229 7.92

Belgium (31 May 2016: 11.32%)

Government bonds: AA rating

114,000 Kingdom of Belgium Government Bond 1.6% 22/06/2047 115 0.74



120,000 Kingdom of Belgium Government Bond 3% 22/06/2034 156 1.01



Total Belgium 1,715 11.05

Finland (31 May 2016: 2.51%)


216,000 Finland Government Bond 2.625% 04/07/2042 293 1.89

Total Finland 293 1.89

France (31 May 2016: 28.88%)


216,000 French Republic Government Bond OAT 1.25% 25/05/2036 212 1.37

90,000 French Republic Government Bond OAT 1.75% 25/05/2066 88 0.56

1,068,000 French Republic Government Bond OAT 3.25% 25/05/2045 1,473 9.49

576,000 French Republic Government Bond OAT 4% 25/10/2038 863 5.56



€'000


France (31 May 2016: 28.88%) (cont)

Government bonds: AA rating (cont)


636,000 French Republic Government Bond OAT 4.5% 25/04/2041 1,033 6.66


Germany (31 May 2016: 38.33%)

Government bonds: AAA rating

1,752,000 Bundesrepublik Deutschland 2.5% 04/07/2044 2,431 15.66

396,000 Bundesrepublik Deutschland 2.5% 15/08/2046 556 3.58

720,000 Bundesrepublik Deutschland 3.25% 04/07/2042 1,111 7.16

498,000 Bundesrepublik Deutschland 4% 04/01/2037 802 5.17






240,000 Netherlands Government Bond 2.75% 15/01/2047 347 2.24

324,000 Netherlands Government Bond 3.75% 15/01/2042 529 3.41

324,000 Netherlands Government Bond 4% 15/01/2037 515 3.32




Cash† 5 0.03

Other net assets 183 1.18


† Substantially all cash positions are held with State Street Bank and Trust Company.





Fair value €’000



Other assets 190 1.22


iSHARES IV PLC




i S H A R E S I V P L C I N T E R I M R E P O R T [ 1 0 1 ]


€’000 Holding Investments Cost €’000

Sales Purchases

2,121,000 French Republic Government Bond OAT 3.25% 25/05/2045 3,351 2,259,000 French Republic Government Bond OAT 3.25%

1,920,000 Bundesrepublik Deutschland 3.25% 04/07/2042 3,290 25/05/2045 3,421

1,556,000 Netherlands Government Bond 3.75% 15/01/2042 2,750 1,850,000 Bundesrepublik Deutschland 3.25% 04/07/2042 3,090

1,298,000 French Republic Government Bond OAT 4.75% 25/04/2035 2,195 1,947,000 Bundesrepublik Deutschland 2.5% 04/07/2044 2,848

1,350,000 Bundesrepublik Deutschland 2.5% 04/07/2044 1,974 1,585,000 Netherlands Government Bond 3.75% 15/01/2042 2,845

1,042,000 Kingdom of Belgium Government Bond 3.75% 22/06/2045 1,786 1,298,000 French Republic Government Bond OAT 4.75% 25/04/2035 2,247

857,000 French Republic Government Bond OAT 4.5% 25/04/2041 1,553 983,000 French Republic Government Bond OAT 4.5% 25/04/2041 1,746

866,000 Republic of Austria Government Bond 3.15% 20/06/2044 1,389 1,024,000 Kingdom of Belgium Government Bond 3.75% 22/06/2045 1,678

794,000 French Republic Government Bond OAT 4% 25/10/2038 1,314 824,000 Bundesrepublik Deutschland 4% 04/01/2037 1,423

751,000 Bundesrepublik Deutschland 4% 04/01/2037 1,304 880,000 French Republic Government Bond OAT 4% 25/10/2038 1,422

894,000 Netherlands Government Bond 2.5% 15/01/2033 1,207 830,000 Republic of Austria Government Bond 3.15% 20/06/2044 1,287

484,000 Bundesrepublik Deutschland 4.75% 04/07/2040 967 894,000 Netherlands Government Bond 2.5% 15/01/2033 1,219

497,000 Kingdom of Belgium Government Bond 5% 28/03/2035 880 531,000 Bundesrepublik Deutschland 4.75% 04/07/2040 1,056

563,000 Finland Government Bond 2.625% 04/07/2042 845 605,000 Bundesrepublik Deutschland 2.5% 15/08/2046 942

480,000 Kingdom of Belgium Government Bond 4.25% 28/03/2041 845 540,000 Kingdom of Belgium Government Bond 4.25% 28/03/2041 923

440,000 French Republic Government Bond OAT 4% 25/04/2055 833 495,000 French Republic Government Bond OAT 4% 25/04/2055 905

514,000 Bundesrepublik Deutschland 2.5% 15/08/2046 805 497,000 Kingdom of Belgium Government Bond 5% 28/03/2035 896

404,000 French Republic Government Bond OAT 4% 25/04/2060 786 459,000 Bundesrepublik Deutschland 4.25% 04/07/2039 848

408,000 Bundesrepublik Deutschland 4.25% 04/07/2039 758 437,000 French Republic Government Bond OAT 4% 25/04/2060 823

400,000 Netherlands Government Bond 4% 15/01/2037 687 474,000 Netherlands Government Bond 4% 15/01/2037 803

352,000 Republic of Austria Government Bond 4.15% 15/03/2037 595 539,000 Finland Government Bond 2.625% 04/07/2042 784

334,000 Netherlands Government Bond 2.75% 15/01/2047 538 396,000 Republic of Austria Government Bond 4.15% 15/03/2037 656

389,000 Netherlands Government Bond 2.75% 15/01/2047 613

426,000 French Republic Government Bond OAT 1.25% 25/05/2036 449





iSHARES IV PLC

iShares € Ultrashort Bond UCITS ETF





2016 €’000


2015 €’000



Total gains 494 32


Net operating loss (28) (82)

Finance costs:

Distributions to redeemable participating shareholders (251) (2)



Net loss for the financial period (303) (84)

Decrease in net assets attributable to redeemable participating shareholders from operations (303) (84)






2016 €’000


2015 €’000



Share transactions:




Net assets attributable to redeemable participating shareholders at the end of the period 1,382,478 270,810


iSHARES IV PLC






31 May 2016 €’000

CURRENT ASSETS

Cash 359 422



Financial assets at fair value through profit or loss 3 1,359,088 686,008

Total current assets 1,391,530 713,120

CURRENT LIABILITIES

Payables (9,052) (2,949)


Net asset value attributable to redeemable participating shareholders at the end of the period/year 1,382,478 710,171


iSHARES IV PLC






€'000



Bonds (31 May 2016: 96.60%)




4,250,000 Australia & New Zealand Banking Group Ltd FRN 28/10/2019 4,275 0.31


3,850,000 National Australia Bank Ltd FRN 16/01/2018 3,857 0.28

2,250,000 National Australia Bank Ltd FRN 25/03/2019 2,265 0.16


5,450,000 Telstra Corp Ltd 4.75% 21/03/2017 5,530 0.40


Austria (31 May 2016: 0.30%)


3,300,000 Erste Group Bank AG 3.375% 28/03/2017 3,336 0.24


3,400,000 Raiffeisen Bank International AG 2.75% 10/07/2017 3,454 0.25

3,350,000 Telekom Finanzmanagement GmbH 4.25% 27/01/2017 3,372 0.24


Belgium (31 May 2016: 1.99%)


3,700,000 BNP Paribas Fortis SA 4.375% 01/02/2017 3,728 0.27


4,306,000 Anheuser-Busch InBev SA/NV 1.25% 24/03/2017 4,324 0.31


2,600,000 Anheuser-Busch InBev SA/NV FRN 19/10/2018 2,602 0.19

2,800,000 Anheuser-Busch InBev SA/NV FRN 29/03/2018 2,805 0.20

2,400,000 Belfius Bank SA/NV 1.125% 22/05/2017 2,414 0.17

2,500,000 Belfius Bank SA/NV FRN 14/09/2018 2,491 0.18


5,801,000 BNP Paribas Fortis SA 5.757% 04/10/2017 6,075 0.44


4,200,000 Solvay SA FRN 01/12/2017 4,220 0.31


Bermuda (31 May 2016: Nil)


2,500,000 Fidelity International Ltd 6.875% 24/02/2017 2,538 0.18



€'000


Canada (31 May 2016: 2.82%)


1,500,000 Bank of Nova Scotia FRN 30/04/2019 1,508 0.11

2,725,000 Royal Bank of Canada FRN 22/10/2018 2,738 0.20


1,800,000 Toronto-Dominion Bank FRN16/06/2017 1,802 0.13



2,500,000 Caisse Centrale Desjardins FRN 15/09/2017 2,504 0.18

3,900,000 Caisse Centrale Desjardins FRN 19/01/2018 3,907 0.28

8,650,000 Canadian Imperial Bank of Commerce FRN 08/09/2017 8,663 0.63



4,900,000 National Bank of Canada FRN 09/09/2017 4,907 0.36


150,000 Glencore Finance Canada Ltd 5.25% 13/06/2017 154 0.01




6,750,000 Hutchison Whampoa Europe Finance 12 Ltd 2.5% 06/06/2017 6,835 0.49


Denmark (31 May 2016: 2.33%)


4,425,000 Danske Bank A/S 3.875% 28/02/2017 4,468 0.32

4,500,000 Danske Bank A/S FRN 02/06/2017 4,505 0.33


1,000,000 Nykredit Bank A/S FRN 02/06/2017 1,000 0.07


3,150,000 Jyske Bank A/S FRN 19/06/2017 3,156 0.23

1,750,000 Jyske Bank A/S FRN 23/03/2018 1,752 0.12


1,325,000 DONG Energy A/S 4% 16/12/2016 1,327 0.10

3,050,000 Sydbank A/S FRN 22/05/2018 3,054 0.22


2,750,000 AP Moeller - Maersk A/S 4.375% 24/11/2017 2,868 0.21

2,875,000 AP Moeller - Maersk A/S FRN 18/03/2019 2,948 0.21

5,700,000 Carlsberg Breweries A/S 3.375% 13/10/2017 5,868 0.43

Total Denmark 34,156 2.47

Finland (31 May 2016: 0.98%)


3,800,000 OP Corporate Bank Plc 2.625% 20/03/2017 3,833 0.28

3,550,000 OP Corporate Bank Plc FRN 03/03/2017 3,552 0.26

iSHARES IV PLC






€'000


Bonds (31 May 2016: 96.60%) (cont)

Finland (31 May 2016: 0.98%) (cont)


1,500,000 Bayer Nordic SE FRN 28/03/2017 1,500 0.11


3,600,000 Sampo Oyj 4.25% 27/02/2017 3,637 0.26


France (31 May 2016: 16.65%)


1,000,000 Sanofi FRN10/09/2018 1,001 0.07

4,600,000 Sanofi FRN 22/03/2019 4,609 0.34


2,000,000 HSBC France SA FRN 27/11/2019 2,018 0.15


800,000 Total Capital SA 4.7% 06/06/2017 820 0.06



7,200,000 Banque Federative du Credit Mutuel SA 2.875% 21/06/2017 7,317 0.53

4,050,000 Banque Federative du Credit Mutuel SA 4.625% 27/04/2017 4,130 0.30

4,800,000 Banque Federative du Credit Mutuel SA FRN 23/03/2017 4,803 0.35





2,050,000 BNP Paribas SA 2.875% 27/11/2017 2,112 0.15

6,250,000 BNP Paribas SA 3% 24/02/2017 6,296 0.46

1,250,000 BNP Paribas SA FRN 19/01/2017 1,250 0.09

2,000,000 BNP Paribas SA FRN 20/05/2019 2,017 0.15

4,700,000 BPCE SA 1.625% 08/02/2017 4,717 0.34

13,700,000 BPCE SA 3.75% 21/07/2017 14,025 1.02

4,700,000 BPCE SA FRN 10/03/2017 4,702 0.34

4,700,000 BPCE SA FRN05/02/2018 4,708 0.34

7,600,000 BPCE SA FRN 28/05/2018 7,656 0.55

3,900,000 Credit Agricole SA 1.875% 18/10/2017 3,968 0.29

2,600,000 Credit Mutuel Arkea SA 4.5% 23/01/2017 2,618 0.19

7,150,000 Credit Mutuel Arkea SA 5% 28/06/2017 7,363 0.53



6,400,000 Societe Generale SA FRN16/01/2017 6,403 0.46

9,400,000 Societe Generale SA FRN 19/02/2018 9,421 0.68

6,900,000 Societe Generale SA FRN 22/07/2018 6,929 0.50


2,900,000 Air Liquide Finance SA 5.25% 18/07/2017 2,997 0.22

2,000,000 Air Liquide Finance SA FRN 13/06/2018 2,003 0.14


€'000


France (31 May 2016: 16.65%) (cont)


100,000 Engie SA 0% 13/03/2017 100 0.01

2,300,000 Engie SA 1.5% 20/07/2017 2,324 0.17

450,000 Engie SA 2.75% 18/10/2017 461 0.03

3,600,000 Klepierre 4% 13/04/2017 3,653 0.26

3,750,000 Schneider Electric SE 4% 11/08/2017 3,856 0.28

5,100,000 Societe Des Autoroutes Paris-Rhin-Rhone 5% 12/01/2017 5,129 0.37

1,000,000 Societe Des Autoroutes Paris-Rhin-Rhone FRN 31/03/2019 1,010 0.07

5,300,000 Vinci SA 4.125% 20/02/2017 5,348 0.39


4,400,000 Auchan Holding SA 3% 02/12/2016 4,400 0.32

7,650,000 BNP Paribas SA 5.431% 07/09/2017 7,960 0.58

1,150,000 Carrefour Banque SA FRN 21/03/2018 1,155 0.08

1,500,000 Carrefour Banque SA FRN 21/10/2019 1,519 0.11

6,200,000 Danone SA FRN 03/11/2018 6,211 0.45

7,700,000 Orange SA 4.75% 21/02/2017 7,783 0.56


1,900,000 ALD International SA 2% 26/05/2017 1,918 0.14

1,800,000 ALD International SA FRN30/11/2017 1,806 0.13

3,250,000 Arkema SA 4% 25/10/2017 3,366 0.24

1,500,000 Cap Gemini SA FRN 02/07/2018 1,510 0.11

5,440,000 Cie de Saint-Gobain 4.75% 11/04/2017 5,533 0.40

2,250,000 Edenred 3.625% 06/10/2017 2,318 0.17

4,350,000 Eutelsat SA 4.125% 27/03/2017 4,407 0.32

2,550,000 Imerys SA 5% 18/04/2017 2,598 0.19

2,150,000 Natixis SA 4.125% 20/01/2017 2,159 0.16

3,650,000 RCI Banque SA 4.25% 27/04/2017 3,712 0.27

1,000,000 RCI Banque SA FRN 12/01/2017 1,000 0.07

1,950,000 RCI Banque SA FRN 05/12/2019 1,950 0.14

1,500,000 RCI Banque SA FRN 27/11/2017 1,504 0.11

3,200,000 RCI Banque SA FRN 16/07/2018 3,213 0.23

2,649,000 RCI Banque SA FRN 13/06/2017 2,655 0.19

1,850,000 RCI Banque SA FRN 18/03/2019 1,878 0.14

750,000 Societe Generale SA 5.875% 21/12/2016 752 0.05

2,675,000 Veolia Environnement SA 4.375% 16/01/2017 2,689 0.20

4,100,000 Vivendi SA 4% 31/03/2017 4,155 0.30

2,250,000 Vivendi SA 4.25% 01/12/2016 2,251 0.16


4,400,000 Pernod Ricard SA 5% 15/03/2017 4,463 0.32

5,313,000 Renault SA 4.625% 18/09/2017 5,507 0.40

2,966,000 Renault SA 5.625% 22/03/2017 3,016 0.22

2,500,000 Wendel SA 4.375% 09/08/2017 2,571 0.18


Germany (31 May 2016: 7.15%)


1,150,000 Robert Bosch GmbH 5.125% 12/06/2017 1,182 0.09

iSHARES IV PLC






€'000


Bonds (31 May 2016: 96.60%) (cont)



3,200,000 Landesbank Baden-Wuerttemberg FRN 22/09/2017 3,206 0.23


4,414,000 Daimler AG 2% 05/05/2017 4,455 0.32

3,630,000 Daimler AG 4.125% 19/01/2017 3,651 0.26

3,100,000 Daimler AG FR 27/01/2017 3,101 0.22

1,500,000 Daimler AG FRN18/09/2017 1,500 0.11

3,800,000 Daimler AG FRN 09/03/2018 3,810 0.28

4,700,000 Daimler AG FRN 0.225% 12/01/2019 4,723 0.34

5,100,000 DekaBank Deutsche Girozentrale FRN 01/02/2018 5,119 0.37

5,900,000 Landesbank Hessen-Thueringen Girozentrale FRN 25/08/2017 5,912 0.43

2,625,000 Merck Financial Services GmbH FRN 01/09/2017 2,626 0.19

800,000 SAP SE FRN 03/04/2017 800 0.06

3,850,000 SAP SE FRN 20/11/2018 3,858 0.28


3,500,000 Deutsche Bank AG FRN 25/08/2017 3,470 0.25

4,000,000 MAN SE 2.125% 13/03/2017 4,023 0.29

800,000 Volkswagen Bank GmbH FRN 09/05/2017 800 0.06


6,310,000 Commerzbank AG 3.625% 10/07/2017 6,448 0.47

5,050,000 Commerzbank AG 3.875% 22/03/2017 5,112 0.37

16,900,000 Deutsche Bank AG 5.125% 31/08/2017 17,423 1.26

9,100,000 Deutsche Bank AG FRN15/04/2019 8,795 0.63

2,825,000 Volkswagen Financial Services AG FRN 0% 16/10/2017 2,822 0.20

3,118,000 Volkswagen Leasing GmbH 1% 04/10/2017 3,143 0.23

2,875,000 Volkswagen Leasing GmbH FRN 0% 11/08/2017 2,873 0.21


2,200,000 Covestro AF FRN 0.296% 10/03/2018 2,206 0.16

7,100,000 Deutsche Bank AG FRN 13/04/2018 7,012 0.51

500,000 Deutsche Pfandbriefbank AG 0.875% 20/01/2017 501 0.03

4,178,000 Deutsche Pfandbriefbank AG 2.25% 11/09/2017 4,249 0.31


5,550,000 Bayerische Landesbank 5.75% 23/10/2017 5,808 0.42


Ireland (31 May 2016: 2.26%)


7,320,000 GE Capital European Funding Unlimited Co 1% 02/05/2017 7,356 0.53

5,300,000 GE Capital European Funding Unlimited Co 4.25% 01/03/2017 5,358 0.39

2,150,000 GE Capital European Funding Unlimited Co FRN 19/06/2018 2,156 0.16


€'000


Ireland (31 May 2016: 2.26%) (cont)


700,000 Aquarius + Investments Plc for Relx Finance BV FRN 20/05/2017 701 0.05


4,000,000 Bank of Ireland 2% 08/05/2017 4,036 0.29

650,000 FCA Capital Ireland Plc FRN 17/10/2017 652 0.05

1,000,000 Intesa Sanpaolo Bank Ireland Plc FRN 09/03/2018 1,000 0.07


Italy (31 May 2016: 4.20%)


750,000 Atlantia SpA 3.375% 18/09/2017 770 0.06

2,000,000 Eni SpA 4.75% 14/11/2017 2,091 0.15

1,150,000 Exor SpA 5.375% 12/06/2017 1,182 0.08


4,680,000 Enel SpA 5.25% 20/06/2017 4,815 0.35

250,000 Enel SpA FRN 20/02/2018 259 0.02

4,050,000 Terna Rete Elettrica Nazionale SpA 4.125% 17/02/2017 4,085 0.29


1,500,000 Intesa Sanpaolo SpA 4% 09/11/2017 1,555 0.11


6,600,000 Intesa Sanpaolo SpA 5% 28/02/2017 6,678 0.48

1,050,000 Intesa Sanpaolo SpA FRN20/12/2016 1,050 0.08

4,250,000 Intesa Sanpaolo SpA FRN 18/05/2017 4,249 0.31

5,150,000 Intesa Sanpaolo SpA FRN 17/04/2019 5,175 0.37

4,600,000 UniCredit SpA 2.25% 16/12/2016 4,604 0.33

7,125,000 UniCredit SpA 4.875% 07/03/2017 7,212 0.52

5,200,000 UniCredit SpA FRN 10/04/2017 5,209 0.38

3,240,000 Unione di Banche Italiane SpA 2.75% 28/04/2017 3,274 0.24


Japan (31 May 2016: 0.17%)


4,100,000 Sumitomo Mitsui Banking Corp FRN 08/09/2017 4,105 0.30




2,700,000 DH Europe Finance SA FRN 30/06/2017 2,702 0.19

1,000,000 John Deere Bank FRN 19/03/2019 1,005 0.07

4,300,000 KBC IFIMA SA 4.5% 27/03/2017 4,363 0.32


7,050,000 Glencore Finance Europe SA 5.25% 22/03/2017 7,153 0.52

3,400,000 HeidelbergCement Finance Luxembourg SA 8% 31/01/2017 3,440 0.25


iSHARES IV PLC






€'000


Bonds (31 May 2016: 96.60%) (cont)

Mexico (31 May 2016: 0.62%)


5,350,000 America Movil SAB de CV 3.75% 28/06/2017 5,461 0.40


5,000,000 Petroleos Mexicanos 5.5% 09/01/2017 5,023 0.36

Total Mexico 10,484 0.76



3,164,000 Nederlandse Gasunie NV 5.125% 31/03/2017 3,219 0.23


7,100,000 ABN Amro Bank NV FRN 05/12/2017 7,140 0.52

9,600,000 BMW Finance NV 3.875% 18/01/2017 9,651 0.70

1,500,000 BMW Finance NV FRN 26/05/2017 1,499 0.11



800,000 BMW Finance NV FRN 15/07/2019 807 0.06



2,700,000 Cooperatieve Rabobank UA FRN 13/01/2017 2,701 0.19





3,500,000 ING Bank NV FRN 14/08/2017 3,515 0.25

2,150,000 Linde Finance BV 4.75% 24/04/2017 2,191 0.16

8,055,000 Siemens Financieringsmaatschappij NV 5.125% 20/02/2017 8,151 0.59

1,100,000 Unilever NV FRN 0% 03/06/2018 1,102 0.08


5,600,000 ABN Amro Bank NV 3.625% 06/10/2017 5,777 0.42



7,550,000 ING Bank NV 4.25% 13/01/2017 7,593 0.55

1,000,000 ING Bank NV FRN 05/06/2017 1,003 0.07


3,500,000 Shell International Finance BV FRN 15/09/2019 3,513 0.25


3,050,000 Aegon NV 3% 18/07/2017 3,109 0.23

6,900,000 ING Groep NV 4.75% 31/05/2017 7,066 0.51

1,300,000 Koninklijke DSM NV 5.25% 17/10/2017 1,362 0.10


4,006,000 Conti-Gummi Finance BV 2.5% 20/03/2017 4,036 0.29

3,481,000 Deutsche Post Finance BV 1.875% 27/06/2017 3,520 0.26


€'000




8,100,000 Deutsche Telekom International Finance BV 6% 20/01/2017 8,168 0.59

8,100,000 E.ON International Finance BV 5.5% 02/10/2017 8,479 0.61

3,400,000 E.ON International Finance BV 6.375% 29/05/2017 3,507 0.25

6,160,000 Volkswagen International Finance NV 1.875% 15/05/2017 6,210 0.45

4,550,000 Volkswagen International Finance NV FRN 16/07/2018 4,541 0.33

1,900,000 Volkswagen International Finance NV FRN 15/04/2019 1,904 0.14

2,600,000 Vonovia Finance BV FRN 13/09/2018 2,603 0.19

3,600,000 Vonovia Finance BV FRN 15/12/2017 3,621 0.26


1,400,000 Delta Lloyd NV 4.25% 17/11/2017 1,458 0.11

4,240,000 Enel Finance International NV 4.125% 12/07/2017 4,347 0.31


3,700,000 Koninklijke KPN NV 4.75% 17/01/2017 3,722 0.27

3,575,000 LeasePlan Corp NV FRN 28/04/2017 3,578 0.26

4,200,000 Mylan NV FRN 0.557% 22/11/2018 4,226 0.30

4,625,000 Repsol International Finance BV 4.75% 16/02/2017 4,670 0.34

1,900,000 Repsol International Finance BV FRN 06/07/2018 1,908 0.14


3,850,000 EDP Finance BV 5.75% 21/09/2017 4,023 0.29


New Zealand (31 May 2016: 1.06%)


1,825,000 ANZ New Zealand Int'l Ltd FRN 05/12/2016 1,825 0.13

2,850,000 BNZ International Funding Ltd 4% 08/03/2017 2,882 0.21

3,400,000 Westpac Securities NZ Ltd 3.875% 20/03/2017 3,441 0.25

3,600,000 Westpac Securities NZ Ltd FRN 10/03/2017 3,603 0.26

Total New Zealand 11,751 0.85

Norway (31 May 2016: 0.56%)


1,200,000 DNB Bank ASA FRN 28/01/2019 1,209 0.09

1,500,000 SpareBank 1 SR-Bank ASA 3.5% 27/03/2017 1,517 0.11

2,000,000 Statoil ASA FRN 0% 19/08/2019 2,001 0.14


4,000,000 Telenor ASA 4.875% 29/05/2017 4,098 0.30


iSHARES IV PLC






€'000


Bonds (31 May 2016: 96.60%) (cont)

People's Republic of China (31 May 2016: 0.08%)


1,050,000 Bank of China Ltd FRN 30/06/2018 1,052 0.08

Total People's Republic of China 1,052 0.08

Spain (31 May 2016: 3.34%)


1,800,000 Santander Consumer Finance SA FRN 09/09/2019 1,796 0.13

6,700,000 Santander International Debt SAU 1.375% 25/03/2017 6,730 0.49

8,200,000 Santander International Debt SAU 4% 27/03/2017 8,303 0.60

1,700,000 Santander International Debt SAU 4.125% 04/10/2017 1,759 0.13

1,000,000 Santander International Debt SAU FRN 06/05/2019 1,007 0.07


3,550,000 Abertis Infraestructuras SA 5.125% 12/06/2017 3,646 0.26

5,000,000 CaixaBank SA 2.5% 18/04/2017 5,047 0.37

2,100,000 Gas Natural Capital Markets SA 4.125% 24/04/2017 2,134 0.15

3,000,000 Gas Natural Capital Markets SA 5.625% 09/02/2017 3,032 0.22





Sweden (31 May 2016: 3.89%)


8,000,000 Nordea Bank AB 3.75% 24/02/2017 8,074 0.58

2,250,000 Nordea Bank AB FRN 22/02/2019 2,263 0.16



4,850,000 Swedbank AB 3.375% 09/02/2017 4,883 0.35

3,100,000 Swedbank AB FRN 11/03/2019 3,140 0.23

2,300,000 Swedbank AB FRN 20/09/2017 2,314 0.17


1,725,000 Skandinaviska Enskilda Banken AB 3.875% 12/04/2017 1,750 0.13

2,000,000 Skandinaviska Enskilda Banken AB FRN 26/05/2020 2,025 0.14


3,500,000 SBAB Bank AB FRN 27/06/2018 3,506 0.26


4,400,000 Telia Co AB 4.75% 07/03/2017 4,456 0.32


€'000


Sweden (31 May 2016: 3.89%) (cont)


1,200,000 Scania CV AB 1.625% 14/09/2017 1,215 0.09

1,800,000 Scania CV AB FRN 10/03/2017 1,799 0.13


1,000,000 Securitas AB 2.75% 28/02/2017 1,007 0.07

2,500,000 Telefonaktiebolaget LM Ericsson 5.375% 27/06/2017 2,577 0.19

6,900,000 Volvo Treasury AB 5% 31/05/2017 7,072 0.51


2,750,000 PGNIG Finance AB 4% 14/02/2017 2,767 0.20




10,050,000 UBS AG FRN 15/05/2017 10,060 0.73


5,400,000 Credit Suisse AG 3.875% 25/01/2017 5,433 0.40

8,800,000 Credit Suisse AG 5.125% 18/09/2017 9,163 0.66

11,200,000 Credit Suisse AG FRN 30/03/2017 11,208 0.81








1,000,000 HSBC Bank Plc 3.125% 15/11/2017 1,031 0.07


200,000 Motability Operations Group Plc 3.75% 29/11/2017 208 0.01


5,075,000 Lloyds Bank Plc 4.625% 02/02/2017 5,116 0.37

7,650,000 Lloyds Bank Plc FRN 10/09/2019 7,688 0.56


6,250,000 Nationwide Building Society 3.125% 03/04/2017 6,319 0.46

6,200,000 Nationwide Building Society FRN 02/11/2018 6,225 0.45


4,400,000 Santander UK Plc FRN 23/01/2017 4,401 0.32




9,600,000 Barclays Bank Plc 4% 20/01/2017 9,654 0.70


4,400,000 BAT International Finance Plc 5.375% 29/06/2017 4,537 0.33

650,000 BAT International Finance Plc FRN 06/03/2018 652 0.05

iSHARES IV PLC






€'000


Bonds (31 May 2016: 96.60%) (cont)



1,500,000 Coca-Cola European Partners Plc FRN 26/11/2017 1,500 0.11

3,400,000 EE Finance Plc 3.5% 06/02/2017 3,422 0.25

1,250,000 Royal Bank of Scotland Plc 4.875% 20/01/2017 1,258 0.09

3,550,000 Standard Chartered Plc 1.75% 29/10/2017 3,605 0.26

4,675,000 Standard Chartered Plc FRN 13/06/2017 4,679 0.34

7,525,000 Vodafone Group Plc FRN 25/02/2019 7,627 0.55


3,000,000 FCE Bank Plc 2.875% 03/10/2017 3,072 0.22

2,850,000 FCE Bank Plc FRN 10/02/2018 2,853 0.20

3,500,000 FCE Bank Plc FRN 17/09/2019 3,549 0.26

2,900,000 FCE Bank Plc FRN 11/08/2018 2,939 0.21

3,350,000 Mondi Finance Plc 5.75% 03/04/2017 3,411 0.25

5,550,000 Standard Chartered Bank 5.875% 26/09/2017 5,807 0.42


4,050,000 G4S International Finance Plc 2.875% 02/05/2017 4,096 0.30




2,500,000 Pfizer Inc 4.55% 15/05/2017 2,554 0.18


2,000,000 3M Co FRN 0% 09/11/2018 2,000 0.15

5,400,000 Coca-Cola Co FRN 09/03/2017 5,403 0.39

7,500,000 Coca-Cola Co FRN 09/09/2019 7,513 0.54

2,750,000 Metropolitan Life Global Funding I 4.625% 16/05/2017 2,808 0.20



3,050,000 Toyota Motor Credit Corp FRN 08/09/2017 3,053 0.22

1,500,000 Toyota Motor Credit Corp FRN 20/07/2018 1,501 0.11


2,250,000 American Honda Finance Corp FRN 11/03/2019 2,255 0.16

8,150,000 BMW US Capital LLC 1% 18/07/2017 8,205 0.59

1,225,000 BMW US Capital LLC FRN 18/03/2019 1,226 0.09

1,375,000 BMW US Capital LLC FRN 20/04/2018 1,376 0.10

11,100,000 JPMorgan Chase Bank NA FRN 14/06/2018 11,121 0.81


2,750,000 Cargill Inc 4.875% 29/05/2017 2,814 0.20

4,200,000 Honeywell International Inc FRN 22/02/2018 4,209 0.31

7,050,000 HSBC Finance Corp 4.875% 30/05/2017 7,223 0.52

3,950,000 Wells Fargo & Co FRN 24/04/2019 3,966 0.29


€'000







3,350,000 United Technologies Corp FRN 22/02/2018 3,374 0.25




6,825,000 Bank of America Corp FRN 26/07/2019 6,855 0.50


6,000,000 Citigroup Inc 4.375% 30/01/2017 6,045 0.44

3,000,000 Citigroup Inc FRN 11/11/2019 3,020 0.22

4,000,000 General Mills Inc FRN 15/01/2020 4,045 0.29









1,100,000 McDonald's Corp FRN 26/08/2019 1,101 0.08

2,139,000 Morgan Stanley 3.75% 21/09/2017 2,205 0.16

8,800,000 Morgan Stanley 5.5% 02/10/2017 9,209 0.67

3,150,000 Morgan Stanley FRN 17/01/2017 3,151 0.23




6,600,000 AT&T Inc FRN 04/06/2019 6,633 0.48



2,475,000 FedEx Corp FRN 11/04/2019 2,485 0.18

3,950,000 Mondelez International Inc 1.125% 26/01/2017 3,957 0.28


Total bonds 1,359,088 98.31

Total value of investments 1,359,088 98.31



15,298,210 Institutional Cash Series Plc - Institutional Euro Liquidity Fund* 15,298 1.11

iSHARES IV PLC





Fair value

€'000


Cash† 359 0.03


Net asset value attributable to redeemable participating shareholders at the end of the period 1,382,478 100.00


* Investment in related party.




income securities.


Fair value €'000


Transferable securities admitted to an official stock exchange listing 1,171,597 84.19 Transferable securities dealt in on another regulated market 78,389 5.63 Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) 109,102 7.84 UCITS collective investment schemes - Money Market Funds 15,298 1.10 Other assets 17,144 1.24 Total current assets 1,391,530 100.00

iSHARES IV PLC






€‘000 Holding Investments Cost €‘000

Sales Purchases

5,500,000 GE Capital European Funding Unlimited Co 4.25% 16,900,000 Deutsche Bank AG 5.125% 31/08/2017 17,751

01/03/2017 5,571 12,700,000 BPCE SA 3.75% 21/07/2017 13,168

4,088,000 METRO Finance BV 4.25% 22/02/2017 4,164 11,100,000 JPMorgan Chase Bank NA FRN 14/06/2018 11,104

4,000,000 JPMorgan Chase & Co FRN 21/11/2016 4,000 10,100,000 Bank of America Corp 4.625% 07/08/2017 10,546

3,462,000 Lloyds Banking Group Plc 0.75% 09/11/2021 3,438 8,800,000 Morgan Stanley 5.5% 02/10/2017 9,278

3,250,000 BNP Paribas SA FRN 19/01/2017 3,251 8,500,000 Credit Suisse AG 5.125% 18/09/2017 8,975

3,000,000 JPMorgan Chase & Co FRN 21/02/2017 3,002 8,100,000 E.ON International Finance BV 5.5% 02/10/2017 8,527

2,850,000 Cooperatieve Rabobank UA FRN 18/11/2016 2,850 8,150,000 BMW US Capital LLC 1% 18/07/2017 8,239

2,750,000 Daimler AG 2% 05/05/2017 2,780 7,650,000 BNP Paribas SA 5.431% 07/09/2017 8,042

2,450,000 Pfizer Inc 4.55% 15/05/2017 2,518 7,600,000 Telefonica Emisiones SAU 5.811% 05/09/2017 8,013

2,500,000 Morgan Stanley FRN 16/01/2017 2,501 7,650,000 Lloyds Bank Plc FRN 10/09/2019 7,688

2,400,000 Westpac Securities NZ Ltd 0.096% 12/03/2017 2,403 7,400,000 GE Capital European Funding Unlimited Co 4.25%

2,000,000 ING Bank NV 4.25% 13/01/2017 2,011 01/03/2017 7,584

1,800,000 BPCE SA FRN 05/12/2016 1,800 7,500,000 Coca-Cola Co FRN 09/09/2019 7,521

1,750,000 Deutsche Telekom International Finance BV 6% 20/01/2017 1,783 7,150,000 Credit Mutuel Arkea SA 5% 28/06/2017 7,488

1,750,000 Svenska Handelsbanken AB 3.75% 24/02/2017 1,767 7,450,000 JPMorgan Chase & Co FRN 21/02/2017 7,459

1,750,000 Cooperatieve Rabobank UA FRN 13/01/2017 1,751 7,050,000 Societe Generale SA 3.125% 21/09/2017 7,279

1,700,000 Belfius Bank SA/NV 1.125% 22/05/2017 1,711 7,000,000 Morgan Stanley FRN 03/12/2019 7,000

1,600,000 Iberdrola International BV 4.5% 21/09/2017 1,662 6,825,000 Bank of America Corp FRN 26/07/2019 6,836

1,600,000 Shell International Finance BV 4.625% 22/05/2017 1,646 6,664,000 Daimler AG 2% 05/05/2017 6,769

1,600,000 UBS AG FRN 15/05/2017 1,602 6,600,000 AT&T Inc FRN 04/06/2019 6,654

1,500,000 Robert Bosch GmbH 5.125% 12/06/2017 1,541

1,500,000 Danske Bank A/S FRN 19/11/2018 1,505

1,500,000 National Australia Bank Ltd FRN 16/01/2018 1,503

1,500,000 Coca-Cola HBC Finance BV 4.250% 16/11/2016 1,501

1,500,000 Bayer Nordic SE FRN 28/03/2017 1,500

1,400,000 Wells Fargo & Co 4.125% 03/11/2016 1,403

1,350,000 BNP Paribas SA 2.625% 16/09/2016 1,351

1,300,000 Coca-Cola European Partners Plc FRN 26/11/2017 1,301

1,250,000 Cooperatieve Rabobank UA FRN 12/10/2017 1,252

1,250,000 BMW Finance NV 1% 24/10/2016 1,250

1,200,000 Metropolitan Life Global Funding I 4.625% 16/05/2017 1,233

1,200,000 Carrefour SA 4.375% 02/11/2016 1,203

1,100,000 Linde Finance BV 4.75% 24/04/2017 1,121

1,100,000 DekaBank Deutsche Girozentrale FRN 01/02/2018 1,104

1,100,000 McDonald's Corp FRN 26/08/2019 1,101





iSHARES IV PLC

iShares £ Ultrashort Bond UCITS ETF





2016 £’000


2015 £’000



Total gains 1,089 750



Finance costs:

Distributions to redeemable participating shareholders (597) 49

Total finance costs (597) 49

Net profit for the financial period 402 705







2016 £’000


2015 £’000



Share transactions:






iSHARES IV PLC





Note 30 November 2016 £’000

31 May 2016 £’000

CURRENT ASSETS

Cash 300 307





CURRENT LIABILITIES

Payables (18) (15)




iSHARES IV PLC






£'000



Bonds (31 May 2016: 96.37%)



2,300,000 Australia & New Zealand Banking Group Ltd FRN 11/02/2019 2,315 0.96

1,950,000 Commonwealth Bank of Australia FRN 24/01/2018 1,953 0.81


1,875,000 Commonwealth Bank of Australia FRN 26/10/2018 1,883 0.78




1,600,000 Westpac Banking Corp FRN 28/11/2017 1,600 0.66


1,000,000 Suncorp-Metway Ltd FRN 06/10/2017 1,001 0.42


Belgium (31 May 2016: 0.28%)




Bermuda (31 May 2016: 0.65%)


1,600,000 Holcim GB Finance Ltd 8.75% 24/04/2017 1,648 0.68


Canada (31 May 2016: 11.79%)


1,200,000 Bank of Montreal FRN 29/01/2018 1,200 0.50









£'000


Canada (31 May 2016: 11.79%) (cont)

Corporate bonds: AAA rating (cont)

3,250,000 Toronto-Dominion Bank FRN 20/11/2017 3,252 1.35








2,500,000 Bank of Montreal FRN 03/05/2018 2,500 1.04


1,900,000 Export Development Canada 0.875% 07/12/2016 1,901 0.79


Denmark (31 May 2016: 1.49%)






Finland (31 May 2016: 1.57%)


1,150,000 OP Corporate Bank Plc FRN 21/05/2018 1,150 0.48


2,075,000 Municipality Finance Plc 1.25% 15/12/2016 2,076 0.86


France (31 May 2016: 3.44%)


4,300,000 Dexia Credit Local SA 1.875% 17/07/2017 4,322 1.79


2,900,000 BPCE SA FRN 06/03/2017 2,902 1.20


1,300,000 Cie de Saint-Gobain 5.625% 15/12/2016 1,302 0.54

1,600,000 RCI Banque SA 2.125% 06/10/2017 1,614 0.67


1,050,000 Agence Francaise de Developpement 0.75% 31/03/2017 1,051 0.44

2,400,000 Caisse d'Amortissement de la Dette Sociale 1.375% 06/02/2017 2,405 1.00

800,000 Caisse des Depots et Consignations 1.5% 12/06/2017 804 0.33


iSHARES IV PLC






£'000


Bonds (31 May 2016: 96.37%) (cont)

Germany (31 May 2016: 10.61%)


5,000,000 FMS Wertmanagement AoeR 1.125% 07/12/2016 5,000 2.07

6,250,000 Kreditanstalt fuer Wiederaufbau 5.625% 25/08/2017 6,492 2.69

1,450,000 Kreditanstalt fuer Wiederaufbau FRN 03/07/2017 1,450 0.60

1,925,000 Landeskreditbank Baden-Wuerttemberg Foerderbank 1.25% 15/12/2016 1,926 0.80

850,000 Landeskreditbank Baden-Wuerttemberg Foerderbank FRN 18/07/2017 848 0.35

1,850,000 Landwirtschaftliche Rentenbank 3.25% 07/12/2016 1,851 0.77


1,100,000 Deutsche Pfandbriefbank AG FRN 29/09/2017 1,099 0.46


2,000,000 BASF SE 5.875% 31/03/2017 2,034 0.84

1,575,000 Daimler AG 1.625% 02/12/2016 1,575 0.65

950,000 Daimler AG 1.75% 08/11/2017 958 0.40


Ireland (31 May 2016: 0.85%)


2,400,000 GE Capital UK Funding Unlimited Co 4.125% 28/09/2017 2,465 1.02


Jersey (31 May 2016: 2.11%)


2,000,000 WPP Plc 6% 04/04/2017 2,034 0.84

Total Jersey 2,034 0.84



1,450,000 Bank Nederlandse Gemeenten NV 0.875% 12/12/2016 1,450 0.60

1,150,000 Bank Nederlandse Gemeenten NV 3.25% 29/11/2017 1,181 0.49

1,000,000 Bank Nederlandse Gemeenten NV FRN 03/04/2018 998 0.42

800,000 Nederlandse Waterschapsbank NV FRN 09/04/2018 801 0.33


1,600,000 Deutsche Bahn Finance BV 1.375% 30/10/2017 1,612 0.67


1,500,000 ABN Amro Bank NV 2.25% 11/09/2017 1,517 0.63

1,800,000 BMW Finance NV 5% 02/10/2017 1,863 0.77



£'000





1,880,000 ING Bank NV 3.875% 23/12/2016 1,884 0.78

975,000 ING Bank NV FRN 27/11/2017 975 0.40


2,300,000 Nomura Europe Finance NV 5.5% 23/03/2017 2,330 0.97


1,225,000 Volkswagen Financial Services NV 1.25% 15/12/2016 1,225 0.51

1,275,000 Volkswagen Financial Services NV 1.75% 21/08/2017 1,280 0.53




775,000 ASB Finance Ltd FRN 13/03/2017 774 0.32

1,500,000 ASB Finance Ltd FRN 01/05/2018 1,503 0.62

1,775,000 Westpac Securities NZ Ltd FRN 02/10/2017 1,777 0.74

Total New Zealand 4,054 1.68

Norway (31 May 2016: 2.97%)


2,650,000 Nordea Eiendomskreditt AS FRN 11/09/2017 2,651 1.10

1,900,000 Nordea Eiendomskreditt AS FRN 14/01/2019 1,907 0.79


2,400,000 Kommunalbanken AS 1.125% 15/12/2016 2,401 1.00


Supranational (31 May 2016: 6.96%)


1,200,000 African Development Bank 1.125% 15/12/2016 1,200 0.50

1,725,000 Asian Development Bank 1% 15/12/2016 1,725 0.72

1,425,000 European Investment Bank 3.25% 07/12/2016 1,426 0.59

1,000,000 European Investment Bank 8.75% 25/08/2017 1,062 0.44

2,500,000 European Investment Bank FRN 22/02/2017 2,500 1.04



1,000,000 Inter-American Development Bank 1.625% 18/10/2017 1,011 0.42

1,840,000 International Bank for Reconstruction & Development 1% 28/12/2016 1,841 0.76

iSHARES IV PLC






£'000


Bonds (31 May 2016: 96.37%) (cont)

Supranational (31 May 2016: 6.96%) (cont)

Corporate bonds: AAA rating (cont)

4,675,000 International Bank for Reconstruction & Development 1.25% 02/10/2017 4,709 1.95


1,050,000 Council Of Europe Development Bank 1.75% 19/12/2016 1,051 0.44

Total Supranational 21,264 8.82

Sweden (31 May 2016: 4.57%)


925,000 Skandinaviska Enskilda Banken AB FRN 19/11/2018 929 0.38

1,625,000 Stadshypotek AB FRN 0.678% 17/08/2018 1,628 0.68

1,950,000 Swedbank Hypotek AB FRN 02/04/2018 1,951 0.81

1,500,000 Swedbank Hypotek AB FRN 29/10/2018 1,505 0.62


2,500,000 Svensk Exportkredit AB 1.125% 15/12/2016 2,501 1.04




700,000 Swedbank AB FRN 02/06/2017 700 0.29





5,125,000 Barclays Bank Plc FRN 15/09/2017 5,128 2.13

2,675,000 Barclays Bank Plc FRN 12/02/2018 2,676 1.11

1,050,000 Leeds Building Society FRN 09/02/2018 1,051 0.44





550,000 Lloyds Bank Plc FRN 18/07/2019 548 0.23









1,750,000 Barclays Bank Plc 1.5% 04/04/2017 1,757 0.73

1,075,000 Lloyds Bank Plc 1.5% 02/05/2017 1,078 0.45


£'000



Corporate bonds: AA rating (cont)

1,975,000 Network Rail Infrastructure Finance Plc 1.125% 15/12/2016 1,975 0.82

1,228,000 Scotland Gas Networks Plc 4.75% 21/02/2017 1,239 0.51


2,020,000 Unilever Plc 4.75% 16/06/2017 2,065 0.85


887,000 Santander UK Plc 4.125% 14/09/2017 909 0.38


1,250,000 National Grid Gas Plc 6% 07/06/2017 1,284 0.53






1,225,000 FCE Bank Plc 4.825% 15/02/2017 1,234 0.51

1,125,000 InterContinental Hotels Group Plc 6% 09/12/2016 1,126 0.47

1,250,000 Phoenix Natural Gas Finance Plc 5.5% 10/07/2017 1,283 0.53

2,250,000 Sky Group Finance Plc 5.75% 20/10/2017 2,345 0.97


1,650,000 National Express Group Plc 6.25% 13/01/2017 1,660 0.69




200,000 Toyota Motor Credit Corp 4% 07/12/2017 207 0.08






3,400,000 AT&T Inc 5.875% 28/04/2017 3,468 1.44








8,439,578 Institutional Cash Series Plc - Institutional Sterling Liquidity Fund* 8,440 3.50

iSHARES IV PLC





Fair value

£'000


Cash† 300 0.13







income securities and country of issuer for government type fixed and

variable income securities.


Fair value £'000



Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) 2,488 1.03




iSHARES IV PLC






£‘000 Holding Investments Cost £‘000

Sales Purchases

2,425,000 Kreditanstalt fuer Wiederaufbau 3.75% 07/09/2016 2,432 6,250,000 Kreditanstalt fuer Wiederaufbau 5.625% 25/08/2017 6,552

1,600,000 GE Capital UK Funding Unlimited Co FRN 16/01/2018 1,600 4,675,000 International Bank for Reconstruction & Development

1,125,000 European Investment Bank 4.875% 07/09/2016 1,131 1.25% 02/10/2017 4,713

1,000,000 Barclays Bank Plc FRN 15/09/2017 999 4,300,000 Dexia Credit Local SA 1.875% 17/07/2017 4,345

900,000 FMS Wertmanagement AoeR 1.125% 07/12/2016 903 3,500,000 Cooperatieve Rabobank UA 3.25% 01/11/2017 3,586

875,000 Landeskreditbank Baden-Wuerttemberg Foerderbank 3,100,000 Anheuser-Busch InBev SA/NV 6.5% 23/06/2017 3,249

1.25% 15/12/2016 877 2,525,000 European Investment Bank FRN 16/04/2019 2,538

750,000 ING Bank NV FRN 27/11/2017 749 2,500,000 Bank of Montreal FRN 03/05/2018 2,500

550,000 AT&T Inc 5.875% 28/04/2017 572 2,400,000 GE Capital UK Funding Unlimited Co 4.125%

500,000 Scotland Gas Networks Plc 4.75% 21/02/2017 512 28/09/2017 2,484

500,000 Nederlandse Waterschapsbank NV 2.125% 07/09/2016 501 2,275,000 British Telecommunications Plc 6.625% 23/06/2017 2,384

250,000 Goldman Sachs Group Inc 6.125% 14/02/2017 257 2,250,000 Sky Group Finance Plc 5.75% 20/10/2017 2,358

250,000 National Express Group Plc 6.25% 13/01/2017 256 2,020,000 Unilever Plc 4.75% 16/06/2017 2,084

250,000 FCE Bank Plc 4.825% 15/02/2017 255 1,800,000 BMW Finance NV 5% 02/10/2017 1,871

250,000 Imperial Brands Finance Plc 5.5% 22/11/2016 253 1,650,000 Danske Bank A/S FRN 04/10/2018 1,651

250,000 Lloyds Bank Plc FRN 19/01/2018 250 1,600,000 National Australia Bank Ltd 3.625% 08/11/2017 1,646

220,000 Lloyds Bank Plc 1.5% 02/05/2017 222 1,625,000 Nationwide Building Society FRN 17/07/2017 1,626

200,000 Bank of Scotland Plc 4.875% 08/11/2016 202 1,600,000 RCI Banque SA 2.125% 06/10/2017 1,616

1,600,000 Deutsche Bahn Finance BV 1.375% 30/10/2017 1,614

1,600,000 FMS Wertmanagement AoeR 1.125% 07/12/2016 1,603

1,600,000 Barclays Bank Plc FRN 15/09/2017 1,601

1,500,000 Goldman Sachs Group Inc 6.125% 14/05/2017 1,561

1,500,000 ABN Amro Bank NV 2.25% 11/09/2017 1,523

1,300,000 Santander UK Plc FRN 08/07/2019 1,306

1,250,000 Phoenix Natural Gas Finance Plc 5.5% 10/07/2017 1,299

1,275,000 Volkswagen Financial Services NV 1.75% 21/08/2017 1,284

1,250,000 Royal Bank of Canada FRN 11/03/2019 1,261

1,250,000 Canadian Imperial Bank of Commerce FRN 11/03/2019 1,259

1,250,000 Landeskreditbank Baden-Wuerttemberg Foerderbank

1.25% 15/12/2016 1,253

1,200,000 Lloyds Bank Plc FRN 19/01/2018 1,200

1,200,000 ABN Amro Bank NV FRN 30/11/2018 1,200

1,150,000 Bank Nederlandse Gemeenten NV 3.25% 29/11/2017 1,183

1,075,000 Lloyds Bank Plc 1.5% 02/05/2017 1,080

1,000,000 European Investment Bank 8.75% 25/08/2017 1,070

1,000,000 Svenska Handelsbanken AB 1.875% 29/08/2017 1,014

1,000,000 Inter-American Development Bank 1.625% 18/10/2017 1,013

950,000 Daimler AG 1.75% 08/11/2017 959

950,000 Canadian Imperial Bank of Commerce FRN 11/03/2019 952





iSHARES IV PLC

iShares Ageing Population UCITS ETF




Period from 12 September

2016 to 30 November

2016 $’000

Operating income 18

Net losses on financial assets/liabilities at fair value through profit or loss (48)

Total losses (30)

Operating expenses (4)

Net operating loss (34)

Net loss for the financial period before tax (34)

Non-reclaimable withholding tax (3)

Net loss for the financial period after tax (37)

Adjustment to align to the valuation methodology as set out in the prospectus 10

Decrease in net assets attributable to redeemable participating shareholders from operations (27)






2016 to 30 November

2016 $’000

Net assets attributable to redeemable participating shareholders at the beginning of the period -


Share transactions:

Proceeds from issue of redeemable participating shares 7,460

Increase in net assets resulting from share transactions 7,460

Net assets attributable to redeemable participating shareholders at the end of the period 7,433


iSHARES IV PLC






CURRENT ASSETS

Cash 48

Receivables 6

Financial assets at fair value through profit or loss 3 7,412

Total current assets 7,466

CURRENT LIABILITIES

Bank overdrafts (41)

Payables (2)

Total current liabilities excluding net assets attributable to redeemable participating shareholders (43)

Net assets attributable to redeemable participating shareholders 7,423


Net asset value attributable to redeemable participating shareholders at the end of the period 7,433


iSHARES IV PLC






$'000


Transferable Securities Admitted to an Official Stock Exchange Listing or traded on a Regulated Market

Equities

Australia

Commercial services

3,229 InvoCare Ltd Com NPV 31 0.42

Diversified financial services

5,618 IOOF Holdings Ltd Com NPV 36 0.48

Health care services

8,595 Estia Health Ltd Com NPV 17 0.23

14,838 Healthscope Ltd Com NPV 25 0.34

10,815 Primary Health Care Ltd Com NPV 29 0.39

581 Ramsay Health Care Ltd Com NPV 30 0.40

9,531 Regis Healthcare Ltd Com NPV 28 0.38

1,969 Sonic Healthcare Ltd Com NPV 32 0.43

Insurance

4,892 Challenger Ltd Com NPV 38 0.51

13,113 Medibank Pvt Ltd Com NPV 25 0.34

9,333 nib holdings Ltd Com NPV 34 0.45

20,392 Steadfast Group Ltd Com NPV 31 0.42

Leisure time

2,909 Corporate Travel Management Ltd Com NPV 38 0.51

Pharmaceuticals

1,477 Sirtex Medical Ltd Com NPV 30 0.40

Travel & tourism

1,305 Flight Centre Travel Group Ltd Com NPV 32 0.43


Belgium

Healthcare products

690 Ion Beam Applications Com NPV 29 0.39

Insurance

777 Ageas Com NPV 29 0.39

Pharmaceuticals

415 UCB SA Com NPV 27 0.36

Total Belgium 85 1.14

Bermuda

Leisure time

679 Norwegian Cruise Line Holdings Ltd Com USD 0.001 27 0.36

Total Bermuda 27 0.36

Brazil

Commercial services

5,964 Qualicorp SA Com NPV 32 0.43

Insurance

3,877 BB Seguridade Participacoes SA Com NPV 33 0.44

Media

2,386 Smiles SA Com NPV 33 0.45


$'000


Brazil (cont)

Retail

1,789 Raia Drogasil SA Com NPV 34 0.46

Total Brazil 132 1.78

Canada

Entertainment

2,017 BRP INC Com NPV 35 0.47


4,974 Extendicare Inc Com NPV 36 0.48

Insurance

1,158 Great-West Lifeco Inc Com NPV 31 0.41

952 Industrial Alliance Insurance & Financial Services Inc Com NPV 40 0.54

2,182 Manulife Financial Corp Com NPV 38 0.51

1,404 Power Corp of Canada Com NPV 31 0.42

1,281 Power Financial Corp Com NPV 32 0.43

890 Sun Life Financial Inc Com NPV 34 0.46

Real estate investment trusts

2,548 Chartwell Retirement Residences Unit NPV 28 0.38

Retail

1,981 Jean Coutu Group PJC Inc Com NPV 30 0.41

Total Canada 335 4.51

Cayman Islands


781,258 Convoy Global Holdings Ltd Com HKD 0.10 25 0.34

Insurance

2,937 Phoenix Group Holdings Com EUR 0.0001 26 0.35

Total Cayman Islands 51 0.69

Denmark

Biotechnology

166 Genmab A/S Com DKK 1.00 29 0.39

Pharmaceuticals

878 H Lundbeck A/S Com DKK 5.00 33 0.44

Total Denmark 62 0.83

France


925 Korian SA Com EUR 5.00 24 0.33

383 Orpea Com EUR 1.25 30 0.40

Healthcare products

232 Essilor International SA Com EUR 0.18 25 0.34

Insurance

1,434 AXA SA Com EUR 2.29 34 0.46

1,888 CNP Assurances Com EUR 1.00 33 0.44

949 SCOR SE Com EUR 7.876972 30 0.40


iSHARES IV PLC






$'000


Equities (cont)

Germany

Biotechnology

584 MorphoSys AG Com NPV 26 0.35


368 Fresenius Medical Care AG & Co KGaA Com NPV 29 0.39

417 Fresenius SE & Co KGaA Com NPV 30 0.40

1,068 Rhoen Klinikum AG Com NPV 28 0.38

Insurance

196 Allianz SE Com NPV 31 0.42

Leisure time

2,096 TUI AG Com NPV 28 0.37

Total Germany 172 2.31

Hong Kong

Insurance

5,368 AIA Group Ltd Com NPV 33 0.44

16,703 China Taiping Insurance Holdings Co Ltd Com NPV 38 0.52

Leisure time

107,353 China Travel International Investment Hong Kong Ltd Com NPV 31 0.42

Pharmaceuticals

35,784 CSPC Pharmaceutical Group Ltd Com NPV 39 0.52

Total Hong Kong 141 1.90

Indonesia


156,552 Mitra Keluarga Karyasehat Tbk PT Com IDR 10.00 29 0.39

40,461 Siloam International Hospitals Tbk PT Com IDR 100.00 31 0.42

Total Indonesia 60 0.81

Ireland

Healthcare products

398 Medtronic Plc Com USD 0.10 29 0.39

Insurance

241 Willis Towers Watson Plc Com USD 0.000304635 30 0.41

Pharmaceuticals

771 Alkermes Plc Com USD 0.01 44 0.59


Israel

Pharmaceuticals

576 Teva Pharmaceutical Industries Ltd Com ILS 0.10 21 0.28

Total Israel 21 0.28

Italy

Insurance

2,123 Assicurazioni Generali SpA Com EUR 1.00 27 0.36


$'000


Italy (cont)

Insurance (cont)

3,912 Poste Italiane SpA Com NPV 24 0.33

4,591 Societa Cattolica di Assicurazioni Scrl Com EUR 3.00 26 0.35

Total Italy 77 1.04

Japan


5,964 Daiwa Securities Group Inc Com NPV 36 0.48

2,684 Financial Products Group Co Ltd Com NPV 21 0.28

3,578 Matsui Securities Co Ltd Com NPV 28 0.38

6,964 Okasan Securities Group Inc Com NPV 40 0.54

Electronics

895 Hoya Corp Com NPV 35 0.47

Environmental control

596 Matsumotokiyoshi Holdings Co Ltd Com NPV 28 0.38

596 Sugi Holdings Co Ltd Com NPV 28 0.38


397 Ain Holdings Inc Com NPV 28 0.38

1,293 BML Inc Com NPV 30 0.40

696 Miraca Holdings Inc Com NPV 31 0.42

Healthcare products

596 Asahi Intecc Co Ltd Com NPV 23 0.31

Insurance

2,686 Dai-ichi Life Holdings Inc Com NPV 43 0.58

2,386 Japan Post Holdings Co Ltd Com NPV 30 0.40

1,491 Japan Post Insurance Co Ltd Com NPV 30 0.41

2,684 Sony Financial Holdings Inc Com NPV 39 0.52

3,280 T&D Holdings Inc Com NPV 41 0.55

Internet

9,443 kabu.com Securities Co Ltd Com NPV 30 0.41

12,425 Monex Group Inc Com NPV 30 0.40

Leisure time

3,280 Accordia Golf Co Ltd Com NPV 35 0.47

1,193 HIS Co Ltd Com NPV 33 0.44

Pharmaceuticals

895 Chugai Pharmaceutical Co Ltd Com NPV 25 0.34

596 Nippon Shinyaku Co Ltd Com NPV 28 0.37

2,087 Santen Pharmaceutical Co Ltd Com NPV 25 0.34

2,087 Sumitomo Dainippon Pharma Co Ltd Com NPV 34 0.46

596 Towa Pharmaceutical Co Ltd Com NPV 22 0.29

Retail

596 Cocokara fine Inc Com NPV 22 0.30

199 Cosmos Pharmaceutical Corp Com NPV 37 0.50

1,193 Create SD Holdings Co Ltd Com NPV 25 0.34

496 Kusuri no Aoki Holdings Co Ltd Com NPV 21 0.28

298 Sundrug Co Ltd Com NPV 21 0.28

298 Tsuruha Holdings Inc Com NPV 31 0.41

596 Welcia Holdings Co Ltd Com NPV 37 0.50

Total Japan 967 13.01

iSHARES IV PLC






$'000


Equities (cont)

Liberia

Leisure time

447 Royal Caribbean Cruises Ltd Com USD 0.01 36 0.48

Total Liberia 36 0.48

Malaysia


19,581 IHH Healthcare Bhd Com MYR 1.00 29 0.39

Total Malaysia 29 0.39

Netherlands

Insurance

6,385 Aegon NV Com EUR 0.12 33 0.44

6,472 Delta Lloyd NV Com EUR 0.20 37 0.50

964 NN Group NV Com EUR 0.12 31 0.42

Total Netherlands 101 1.36

New Zealand


7,451 Metlifecare Ltd Com NPV 29 0.39

5,010 Ryman Healthcare Ltd Com NPV 31 0.42

Total New Zealand 60 0.81

Norway

Insurance

7,183 Storebrand ASA Com NOK 5.00 38 0.51


Panama

Leisure time

646 Carnival Corp Com USD 0.01 33 0.44

Total Panama 33 0.44

People's Republic of China


37,275 China Galaxy Securities Co Ltd Com CNY 1.00 37 0.50

Insurance

14,910 China Life Insurance Co Ltd Com CNY 1.00 43 0.58

8,946 China Pacific Insurance Group Co Ltd Com CNY 1.00 35 0.47

8,946 New China Life Insurance Co Ltd Com CNY 1.00 45 0.61

7,455 Ping An Insurance Group Co of China Ltd Com CNY 1.00 41 0.55

Leisure time

7,600 Shanghai Jinjiang International Travel Co Ltd Com CNY 1.00 28 0.37

Total People's Republic of China 229 3.08

Republic of South Korea

Distribution & wholesale

899 Hanwha Corp Com KRW 5000.00 27 0.36


$'000


Republic of South Korea (cont)


468 KIWOOM Securities Co Ltd Com KRW 5000.00 25 0.34

3,792 NH Investment & Securities Co Ltd Com KRW 5000.00 32 0.43


2,236 Chabiotech Co Ltd Com KRW 500.00 23 0.31

Healthcare products

733 Interojo Co Ltd Com KRW 500.00 24 0.33

880 Lutronic Corp Com KRW 500.00 24 0.32

Insurance

492 Dongbu Insurance Co Ltd Com KRW 500.00 30 0.41

5,745 Hanwha Life Insurance Co Ltd Com KRW 5000.00 33 0.44

1,247 KB Insurance Co Ltd Com KRW 500.00 30 0.40

2,292 Meritz Fire & Marine Insurance Co Ltd Com KRW 500.00 32 0.43

8,821 Mirae Asset Life Insurance Co Ltd Com KRW 5000.00 39 0.53

356 Samsung Life Insurance Co Ltd Com KRW 500.00 35 0.47

3,421 Tongyang Life Insurance Co Ltd Com KRW 5000.00 38 0.51

Leisure time

407 Hana Tour Service Inc Com KRW 500.00 24 0.32

1,154 Modetour Network Inc Com KRW 500.00 27 0.36

Pharmaceuticals

1,164 Samjin Pharmaceutical Co Ltd Com KRW 1000.00 34 0.46

235 ViroMed Co Ltd Com KRW 500.00 21 0.28

Total Republic of South Korea 498 6.70

Singapore


26,142 Raffles Medical Group Ltd Com NPV 26 0.35


South Africa


12,612 Life Healthcare Group Holdings Ltd Com ZAR 0.000001 28 0.38

14,255 Netcare Ltd Com ZAR 0.01 31 0.42

Insurance

3,834 Discovery Ltd Com ZAR 0.001 31 0.41

3,654 Liberty Holdings Ltd Com ZAR 0.0833 29 0.39

19,989 MMI Holdings Ltd Com ZAR 0.000001 31 0.42

Total South Africa 150 2.02

Sweden

Healthcare products

4,123 Elekta AB Com SEK 0.50 34 0.46


iSHARES IV PLC






$'000


Equities (cont)

Switzerland


703 Julius Baer Group Ltd Com CHF 0.02 31 0.41

676 Vontobel Holding Com CHF 1.00 34 0.46

Insurance

268 Baloise Holding AG Com CHF 0.10 33 0.44

60 Helvetia Holding Com CHF 0.10 31 0.42

124 Swiss Life Holding AG Com CHF 5.10 34 0.46

Total Switzerland 163 2.19

Taiwan


26,838 Fubon Financial Holding Co Ltd Com TWD 10.00 42 0.57

Insurance

26,838 Cathay Financial Holding Co Ltd Com TWD 10.00 39 0.53

41,749 China Life Insurance Co Ltd Com TWD 10.00 44 0.59

150,120 Shin Kong Financial Holding Co Ltd Com TWD 10.00 39 0.52

Total Taiwan 164 2.21

Thailand


89,558 Bangkok Chain Hospital PCL Receipt THB 1.00 35 0.47

45,723 Bangkok Dusit Medical Services PCL Receipt THB 0.10 30 0.40

5,964 Bumrungrad Hospital PCL Receipt THB 1.00 32 0.43

381,688 Chularat Hospital PCL Receipt THB 0.10 31 0.42

36,500 Vibhavadi Medical Center PCL Com THB 0.10 3 0.04

381,688 Vibhavadi Medical Center PCL Receipt THB 0.10 30 0.41

Insurance

26,440 Bangkok Life Assurance PCL Receipt THB 1.00 39 0.52

Total Thailand 200 2.69

United Kingdom

Commercial services

863 Dignity Plc Com GBP 0.123357 26 0.35


9,393 Brewin Dolphin Holdings Plc Com GBP 0.01 33 0.45

1,676 Hargreaves Lansdown Plc Com GBP 0.004 25 0.34

1,271 Rathbone Brothers Plc Com GBP 0.05 29 0.39


6,098 Spire Healthcare Group Plc Com GBP 0.01 27 0.36

Healthcare products

1,888 Smith & Nephew Plc Com USD 0.20 27 0.36

Insurance

289 Aon Plc Com USD 0.01 33 0.44

2,337 Jardine Lloyd Thompson Group Plc Com GBP 0.05 28 0.38

1,703 Prudential Plc Com GBP 0.05 33 0.44

6,650 Standard Life Plc Com GBP 0.122222 29 0.39


$'000


United Kingdom (cont)

Leisure time

628 Carnival Plc Com USD 1.66 31 0.42

31,936 Thomas Cook Group Plc Com EUR 0.01 34 0.46

Total United Kingdom 355 4.78

United States

Biotechnology

1,157 Acorda Therapeutics Inc Com USD 0.001 24 0.32

124 Biogen Inc Com USD 0.0005 36 0.49

322 Celgene Corp Com USD 0.01 38 0.51

1,468 Ionis Pharmaceuticals Inc Com USD 0.001 64 0.86

682 Juno Therapeutics Inc Com USD 0.0001 14 0.19

84 Regeneron Pharmaceuticals Inc Com USD 0.001 32 0.43

771 Seattle Genetics Inc Com USD 0.001 50 0.67

482 Ultragenyx Pharmaceutical Inc Com USD 0.001 38 0.51

Commercial services

1,164 Service Corp International Com USD 1.00 31 0.42

697 Team Health Holdings Inc Com USD 0.01 30 0.40


187 Affiliated Managers Group Inc Com USD 0.01 28 0.38

316 Ameriprise Financial Inc Com USD 0.01 36 0.48

1,091 Charles Schwab Corp Com USD 0.01 42 0.57

1,200 E*Trade Financial Corp Com USD 0.01 41 0.55

1,230 LPL Financial Holdings Inc Com USD 0.001 51 0.68

614 Raymond James Financial Inc Com USD 0.01 44 0.59

1,030 TD Ameritrade Holding Corp Com USD 0.01 42 0.57


507 Acadia Healthcare Co Inc Com USD 0.01 19 0.26

1,820 Brookdale Senior Living Inc Com USD 0.01 21 0.28

238 Chemed Corp Com USD 1.00 36 0.48

2,099 Community Health Systems Inc Com USD 0.01 11 0.15

413 DaVita Inc Com USD 0.001 26 0.35

394 HCA Holdings Inc Com USD 0.01 28 0.38

765 HealthSouth Corp Com USD 0.01 32 0.43

166 Humana Inc Com USD 0.166 35 0.47

238 Laboratory Corp of America Holdings Com USD 0.10 30 0.40

452 LifePoint Health Inc Com USD 0.01 25 0.34

395 Quest Diagnostics Inc Com USD 0.01 35 0.47

1,036 Tenet Healthcare Corp Com USD 0.05 16 0.21

226 Universal Health Services Inc Com USD 0.01 28 0.38

Healthcare products

1,360 Boston Scientific Corp Com USD 0.01 28 0.38

192 Cooper Cos Inc Com USD 0.10 32 0.43

310 Edwards Lifesciences Corp Com USD 1.00 26 0.35

436 St Jude Medical Inc Com USD 0.10 34 0.46

277 Stryker Corp Com USD 0.10 31 0.42

371 Varian Medical Systems Inc Com USD 1.00 33 0.44

290 Zimmer Biomet Holdings Inc Com USD 0.01 30 0.40

iSHARES IV PLC






$'000


Equities (cont)

United States (cont)

Home builders

467 Thor Industries Inc Com USD 0.10 47 0.63

Hotels

498 Wyndham Worldwide Corp Com USD 0.01 36 0.48

Insurance

455 Aflac Inc Com USD 0.10 32 0.43

655 Arthur J Gallagher & Co Com USD 1.00 33 0.44

869 Brown & Brown Inc Com USD 0.10 38 0.51

1,594 CNO Financial Group Inc Com USD 0.01 28 0.38

717 Lincoln National Corp Com NPV 46 0.62

709 MetLife Inc Com USD 0.01 39 0.52

423 Prudential Financial Inc Com USD 0.01 43 0.58

322 Reinsurance Group of America Inc Com USD 0.01 39 0.53

522 Torchmark Corp Com USD 1.00 37 0.50

890 Unum Group Com USD 0.10 38 0.51

1,028 Voya Financial Inc Com USD 0.01 40 0.54

Internet

284 Expedia Inc Com USD 0.001 35 0.47

1,302 Liberty TripAdvisor Holdings Inc Com USD 0.01 21 0.28

24 Priceline Group Inc Com USD 0.008 36 0.48

456 TripAdvisor Inc Com USD 0.001 22 0.30

Investment services

865 Stifel Financial Corp Com USD 0.15 43 0.58

Leisure time

666 Brunswick Corp Com USD 0.75 33 0.45

368 Polaris Industries Inc Com USD 0.01 32 0.43

Pharmaceuticals

415 Express Scripts Holding Co Com USD 0.01 32 0.43

925 Impax Laboratories Inc Com USD 0.01 13 0.18

637 Neurocrine Biosciences Inc Com USD 0.001 30 0.40

3,300 Opko Health Inc Com USD 0.01 34 0.46


317 Alexandria Real Estate Equities Inc Reits USD 0.01 35 0.47

1,264 Care Capital Properties Inc Reits USD 0.01 30 0.40

920 HCP Inc Reits USD 1.00 27 0.36

947 Healthcare Realty Trust Inc Reits USD 0.01 28 0.38

2,053 Medical Properties Trust Inc Reits USD 0.001 25 0.33

443 National Health Investors Inc Reits USD 0.01 31 0.42

958 Omega Healthcare Investors Inc Reits USD 0.10 28 0.38

123 Quality Care Properties Inc Reits USD 0.01 2 0.03

1,605 Senior Housing Properties Trust Reits USD 0.01 29 0.39

453 Ventas Inc Reits USD 0.25 27 0.36

440 Welltower Inc Reits USD 1.00 28 0.38

Retail

320 CVS Health Corp Com USD 0.01 25 0.34

4,096 Rite Aid Corp Com USD 1.00 32 0.43


$'000



Retail (cont)

341 Tractor Supply Co Com USD 0.008 26 0.35

392 Walgreens Boots Alliance Inc Com USD 0.01 33 0.44


Total equities 7,411 99.71

Rights

Indonesia

5,057 Siloam International Hospitals Tbk PT - Rights 13 December 2016 1 0.01

Total Indonesia 1 0.01


19 Lutronic Corp Rights 2/12/2016* - 0.00

94 Lutronic Corp Pref Rights 2/12/2016* - 0.00

Total Republic of South Korea - 0.00

Total rights 1 0.01


Cash† 7 0.10


Net assets attributable to redeemable participating shareholders 7,423 99.87

Adjustment to align to the valuation methodology as set out in the prospectus 10 0.13


† Substantially all cash positions are held with State Street Bank and Trust Company. * Investments which are less than $500 have been rounded to zero.

Equities are primarily classified by country of incorporation of the

entity in which the Fund holds shares.


Fair value $'000



Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c)* - 0.00



* Investments which are less than $500 have been rounded to zero.

.

iSHARES IV PLC







Sales Purchases

414 Phoenix Group Holdings Com EUR 0.0001 4 1,468 Ionis Pharmaceuticals Inc Com USD 0.001 52

771 Seattle Genetics Inc Com USD 0.001 45

1,230 LPL Financial Holdings Inc Com USD 0.001 41

7,455 Ping An Insurance Group Co of China Ltd Com CNY 1.00 41

8,946 New China Life Insurance Co Ltd Com CNY 1.00 40

14,910 China Life Insurance Co Ltd Com CNY 1.00 40

2,686 Dai-ichi Life Holdings Inc Com NPV 40

3,280 T&D Holdings Inc Com NPV 40

26,838 Fubon Financial Holding Co Ltd Com TWD 10.00 40

41,749 China Life Insurance Co Ltd Com TWD 10.00 40

771 Alkermes Plc Com USD 0.01 40

614 Raymond James Financial Inc Com USD 0.01 39

467 Thor Industries Inc Com USD 0.10 39

2,909 Corporate Travel Management Ltd Com NPV 38

124 Biogen Inc Com USD 0.0005 38

2,684 Sony Financial Holdings Inc Com NPV 38

717 Lincoln National Corp Com NPV 38

596 Welcia Holdings Co Ltd Com NPV 38

4,123 Elekta AB Com SEK 0.50 38

199 Cosmos Pharmaceutical Corp Com NPV 38





iSHARES IV PLC

iShares Automation & Robotics UCITS ETF





2016 to 30 November

2016 $’000

Operating income 45

Net gains on financial assets/liabilities at fair value through profit or loss 39

Total gains 84


Net operating profit 64

Finance costs:

Interest expense* -

Total finance costs -

Net profit for the financial period before tax 64


Net profit for the financial period after tax 59


Increase in net assets attributable to redeemable participating shareholders from operations 129

* Investments which are less than $500 are rounded to zero.






2016 to 30 November

2016 $’000



Share transactions:





iSHARES IV PLC






CURRENT ASSETS

Cash 618

Margin cash account 20

Receivables 32



CURRENT LIABILITIES


Payables (14)

Financial liabilities at fair value through profit or loss 3 (2)






iSHARES IV PLC






$'000



Equities

Australia

Software

228,046 iSentia Group Ltd Com NPV 430 0.66

160,275 Technology One Ltd Com NPV 691 1.05


Austria

Machinery - diversified

13,615 Andritz AG Com NPV 700 1.07

Total Austria 700 1.07

Brazil

Software

73,860 Totvs SA Com NPV 470 0.72

Total Brazil 470 0.72

Canada


79,007 ATS Automation Tooling Systems Inc Com NPV 613 0.93

Software

10,723 Open Text Corp Com NPV 681 1.04


Cayman Islands


371,297 Haitian International Holdings Ltd Com HKD 0.10 742 1.13


Finland


51,850 Valmet Oyj Com NPV 792 1.21

Transportation

15,651 Cargotec Oyj Com NPV 635 0.96


France

Software

8,564 Dassault Systemes Com EUR 0.50 654 1.00


Germany

Hand & machine tools

5,340 Kuka AG Com NPV 496 0.75


8,564 Duerr AG Com NPV 683 1.04

13,563 GEA Group AG Com NPV 505 0.77


$'000


Germany (cont)

Machinery – diversified (cont)

20,070 Jungheinrich AG Pref NPV 524 0.80

11,530 Kion Group AG Com NPV 655 1.00

Software

8,044 SAP SE Com NPV 671 1.02

17,238 Software AG Com NPV 608 0.93


Japan

Electrical components & equipment

14,083 Mabuchi Motor Co Ltd Com NPV 785 1.19

8,542 Nidec Corp Com NPV 767 1.17

Electronics

23,462 Azbil Corp Com NPV 637 0.97

23,038 Hitachi High-Technologies Corp Com NPV 910 1.39

14,083 Horiba Ltd Com NPV 629 0.96

989 Keyence Corp Com NPV 678 1.03

20,697 Omron Corp Com NPV 766 1.17

51,455 Yaskawa Electric Corp Com NPV 792 1.21

60,176 Yokogawa Electric Corp Com NPV 837 1.27

Healthcare products

60,199 Topcon Corp Com NPV 898 1.37


34,579 Daifuku Co Ltd Com NPV 670 1.02

4,010 Fanuc Corp Com NPV 679 1.04

56,772 Komori Corp Com NPV 727 1.11

25,600 Nabtesco Corp Com NPV 652 0.99

17,935 Obara Group Inc Com NPV 828 1.26

33,498 Shima Seiki Manufacturing Ltd Com NPV 1,016 1.55

204,802 Toshiba Machine Co Ltd Com NPV 771 1.17

Metal fabricate/ hardware

39,706 Misumi Group Inc Com NPV 713 1.09

Semiconductors

59,350 Advantest Corp Com NPV 807 1.23

107,145 Renesas Electronics Corp Com NPV 805 1.23

15,382 Rohm Co Ltd Com NPV 842 1.28

219,864 Sanken Electric Co Ltd Com NPV 932 1.42


Netherlands

Semiconductors

109,735 STMicroelectronics NV Com EUR 1.04 1,123 1.71


Norway

Software

79,887 Opera Software ASA Com NOK 0.02 551 0.84


iSHARES IV PLC






$'000


Equities (cont)


Software

364,000 Shanghai Baosight Software Co Ltd Com CNY 1.00 627 0.96


Poland

Computers

46,866 Asseco Poland SA Com PLN 1.00 588 0.90

Total Poland 588 0.90



13,274 SFA Engineering Corp Com KRW 500.00 674 1.03

Semiconductors

7,576 Eo Technics Co Ltd Com KRW 500.00 515 0.78

260 Samsung Electronics Co Ltd Com KRW 5000.00 388 0.59

338 Samsung Electronics Co Ltd Pref KRW 5000.00 392 0.60

20,991 Silicon Works Co Ltd Com KRW 500.00 478 0.73

Software

39,762 G-treeBNT Co Ltd Com KRW 500.00 543 0.83

Total Republic of South Korea 2,990 4.56

Sweden


17,074 Hexagon AB Com EUR 0.22 606 0.92


Switzerland

Electronics

15,231 Garmin Ltd Com CHF 10.00 794 1.21


69,444 OC Oerlikon Corp AG Com CHF 1.00 643 0.98


Taiwan

Miscellaneous manufacturers

155,648 Hiwin Technologies Corp Com TWD 10.00 647 0.98

6,818 Largan Precision Co Ltd Com TWD 10.00 787 1.20

Semiconductors

595,459 Elan Microelectronics Corp Com TWD 10.00 614 0.94

192,098 Novatek Microelectronics Corp Com TWD 10.00 639 0.97

Telecommunications

220,917 HTC Corp Com TWD 10.00 584 0.89

Total Taiwan 3,271 4.98


$'000


Thailand

Telecommunications

1,305,671 Samart Corp PCL Receipt THB 1.00 468 0.71

Total Thailand 468 0.71

United Kingdom

Electronics

47,472 Halma Plc Com GBP 0.10 559 0.85

23,092 Renishaw Plc Com GBP 0.20 714 1.09

27,501 Spectris Plc Com GBP 0.05 702 1.07

Semiconductors

248,428 Imagination Technologies Group Plc Com GBP 0.10 697 1.06

Software

25,809 Aveva Group Plc Com GBP 0.03555556 546 0.83

71,397 Sage Group Plc Com GBP 0.01051948 585 0.90


United States

Computers

6,539 Apple Inc Com USD 0.00001 723 1.10


13,300 AMETEK Inc Com USD 0.01 630 0.96


10,701 Lincoln Electric Holdings Inc Com NPV 840 1.28

Internet

11,197 Splunk Inc Com USD 0.001 645 0.98


14,838 Cognex Corp Com USD 0.002 886 1.35

5,418 Rockwell Automation Inc Com USD 1.00 724 1.11


22,735 Colfax Corp Com USD 0.001 855 1.30

20,991 Hillenbrand Inc Com NPV 734 1.12

Semiconductors

14,187 Cavium Inc Com USD 0.001 809 1.23

61,302 Cypress Semiconductor Corp Com USD 0.01 689 1.05

27,757 Integrated Device Technology Inc Com USD 0.001 649 0.99

20,593 Intel Corp Com USD 0.001 715 1.09

7,658 IPG Photonics Corp Com USD 0.0001 735 1.12

12,606 Microchip Technology Inc Com USD 0.001 834 1.27

19,422 Microsemi Corp Com USD 0.20 1,063 1.62

13,988 NVIDIA Corp Com USD 0.001 1,290 1.97

65,937 ON Semiconductor Corp Com USD 0.01 776 1.18

11,983 Qualcomm Inc Com USD 0.0001 816 1.24

32,830 Teradyne Inc Com USD 0.125 800 1.22

14,210 Xilinx Inc Com USD 0.01 767 1.17

Software

7,401 Ansys Inc Com USD 0.01 696 1.06

iSHARES IV PLC






$'000


Equities (cont)


Software (cont)

16,614 Aspen Technology Inc Com USD 0.10 878 1.34

11,433 Autodesk Inc Com USD 0.01 830 1.26

11,377 CDK Global Inc Com USD 0.01 656 1.00

17,396 PTC Inc Com USD 0.01 847 1.29

8,745 ServiceNow Inc Com USD 0.001 727 1.11

11,931 Tableau Software Inc Com USD 0.0001 535 0.82

17,836 Verint Systems Inc Com USD 0.001 670 1.02



No. of contracts

Underlying exposure

$'000 Fair value

$'000

% of net assets value

Financial derivative instruments

Futures contracts

8 Mini MSCI Emerging Markets Index Futures December 2016 347 (2) (0.00)

Total unrealised losses on futures contracts (2) (0.00)

Total financial derivative instruments (2) (0.00)

Fair value

$'000



Cash † 559 0.85





† Cash holdings of $538,863 are held with State Street Bank and Trust Company. $20,403 is held as security for futures contracts with HSBC Bank Plc.



Underlying exposure has been calculated according to the guidelines

issued by the European Securities and Market Authority (“ESMA”) and

represents the market value of an equivalent position in the assets

underlying each financial derivative instrument.


Fair value $'000





iSHARES IV PLC







Sales Purchases

3,550 Netsuite Inc Com USD 0.01 387 13,988 NVIDIA Corp Com USD 0.001 1,121

1,241 Fairchild Semiconductor International Com USD 0.01 25 33,498 Shima Seiki Manufacturing Ltd Com NPV 984

109,735 STMicroelectronics NV Com EUR 1.04 968

19,422 Microsemi Corp Com USD 0.20 932

60,199 Topcon Corp Com NPV 921

23,038 Hitachi High-Technologies Corp Com NPV 918

60,176 Yokogawa Electric Corp Com NPV 847

15,382 Rohm Co Ltd Com NPV 847

11,433 Autodesk Inc Com USD 0.01 843

219,864 Sanken Electric Co Ltd Com NPV 833

14,838 Cognex Corp Com USD 0.002 829

16,614 Aspen Technology Inc Com USD 0.10 824

17,396 PTC Inc Com USD 0.01 818

59,350 Advantest Corp Com NPV 815

14,083 Mabuchi Motor Co Ltd Com NPV 807

51,455 Yaskawa Electric Corp Com NPV 804

11,983 Qualcomm Inc Com USD 0.0001 802

12,606 Microchip Technology Inc Com USD 0.001 795

8,542 Nidec Corp Com NPV 792

14,187 Cavium Inc Com USD 0.001 788

51,850 Valmet Oyj Com NPV 777

65,937 ON Semiconductor Corp Com USD 0.01 775

6,818 Largan Precision Co Ltd Com TWD 10.00 773

22,735 Colfax Corp Com USD 0.001 769

15,231 Garmin Ltd Com CHF 10.00 769

23,092 Renishaw Plc Com GBP 0.20 768

32,830 Teradyne Inc Com USD 0.125 764

204,802 Toshiba Machine Co Ltd Com NPV 764

20,697 Omron Corp Com NPV 764

17,935 Obara Group Inc Com NPV 764

10,701 Lincoln Electric Holdings Inc Com NPV 753

14,210 Xilinx Inc Com USD 0.01 747

371,297 Haitian International Holdings Ltd Com HKD 0.10 745

20,593 Intel Corp Com USD 0.001 738

248,428 Imagination Technologies Group Plc Com GBP 0.10 737

39,706 MISUMI Group Inc Com NPV 735

56,772 Komori Corp Com NPV 734

6,539 Apple Inc Com USD 0.00001 730

8,745 ServiceNow Inc Com USD 0.001 722

iSHARES IV PLC





Holding Investments Cost $‘000

Purchases

107,145 Renesas Electronics Corp Com NPV 722

27,501 Spectris Plc Com GBP 0.05 714

4,010 Fanuc Corp Com NPV 712

13,615 Andritz AG Com NPV 710

25,600 Nabtesco Corp Com NPV 708

989 Keyence Corp Com NPV 707

7,658 IPG Photonics Corp Com USD 0.0001 696

20,991 Hillenbrand Inc Com NPV 694

8,044 SAP SE Com NPV 691

11,530 KION Group AG Com NPV 691

155,648 Hiwin Technologies Corp Com TWD 10.00 691

7,401 Ansys Inc Com USD 0.01 684

5,418 Rockwell Automation Inc Com USD 1.00 683

8,564 Dassault Systemes Com EUR 0.50 682

160,275 Technology One Ltd Com NPV 679

61,302 Cypress Semiconductor Corp Com USD 0.01 679

8,564 Duerr AG Com NPV 677

23,462 Azbil Corp Com NPV 671

15,651 Cargotec Oyj Com NPV 670

10,723 Open Text Corp Com NPV 670

192,098 Novatek Microelectronics Corp Com TWD 10.00 667

17,836 Verint Systems Inc Com USD 0.001 665

11,197 Splunk Inc Com USD 0.001 665

13,274 SFA Engineering Corp Com KRW 500.00 659

69,444 OC Oerlikon Corp AG Com CHF 1.00 658

14,083 Horiba Ltd Com NPV 658





iSHARES IV PLC

iShares Digitalisation UCITS ETF





2016 to 30 November

2016 $’000

Operating income 17


Total losses (974)













2016 to 30 November

2016 $’000



Share transactions:





iSHARES IV PLC






CURRENT ASSETS

Cash 370

Margin cash account 16

Receivables 10



CURRENT LIABILITIES

Bank overdraft (30)

Payables (6)

Financial assets at fair value through profit or loss 3 (5)






iSHARES IV PLC






$'000



Equities

Australia

Internet

30,602 Carsales.com Ltd Com NPV 238 0.84

30,643 IRESS Com NPV 261 0.93

24,319 Seek Ltd Com NPV 266 0.94

Real estate investment & services

6,810 REA Group Ltd Com NPV 259 0.92


Austria

Transportation

7,976 Oesterreichische Post AG Com NPV 259 0.92


Brazil

Commercial services

28,859 Cielo SA Com NPV 254 0.90

Internet

99,037 B2W Cia Digital Com NPV 331 1.17

Media

26,416 Multiplus SA Com NPV 270 0.96

Software

62,968 Linx SA Com NPV 329 1.16

Total Brazil 1,184 4.19

Canada

Software

684 Constellation Software Inc Com NPV 316 1.12

10,381 DH Corp Com NPV 145 0.51


Cayman Islands

Internet

178,773 Cogobuy Group Com USD 0.0000001 271 0.96

5,313 SINA Corp Com USD 0.133 409 1.45

12,384 Tencent Holdings Ltd Com HKD 0.00002 310 1.09

Software

445,401 Tian Ge Interactive Holdings Ltd Com USD 0.0001 335 1.19


Denmark

Software

5,368 SimCorp A/S Com DKK 1 255 0.90



$'000


France

Commercial services

14,467 Edenred Com EUR 2.00 305 1.08

Computers

3,105 Atos SE Com EUR 1.00 321 1.14


Germany

Commercial services

6,057 Wirecard AG Com NPV 270 0.95

Retail

9,375 Zalando SE Com NPV 350 1.24

Transportation

9,410 Deutsche Post AG Com NPV 293 1.04


India

Internet

27,960 Just Dial Ltd Com INR 10.00 155 0.55

Total India 155 0.55

Israel

Software

3,314 Check Point Software Technologies Ltd Com USD 0.01 273 0.97


Italy

Internet

10,013 Yoox Net-A-Porter Group SpA Com NPV 271 0.96


Japan

Commercial services

4,794 GMO Payment Gateway Inc Com NPV 198 0.70

Internet

45,737 Gree Inc Com NPV 244 0.86

9,687 Gurunavi Inc Com NPV 206 0.73

14,381 Kakaku.com Inc Com NPV 226 0.80

28,363 Next Co Ltd Com NPV 199 0.70

25,166 Rakuten Inc Com NPV 249 0.88

12,484 SMS Co Ltd Com NPV 312 1.11

8,389 Trend Micro Inc Com NPV 302 1.07

57,022 Yahoo Japan Corp Com NPV 208 0.74

Software

13,182 DeNA Co Ltd Com NPV 403 1.43

Transportation

13,182 Yamato Holdings Co Ltd Com NPV 265 0.94


iSHARES IV PLC






$'000


Equities (cont)

Netherlands

Transportation

62,472 PostNL NV Com EUR 0.48 307 1.09


New Zealand

Internet

85,622 Trade Me Group Com NPV 288 1.02


Portugal

Commercial services

30,365 CTT-Correios de Portugal SA Com EUR 0.50 189 0.67

Total Portugal 189 0.67


Commercial services

15,111 NICE Holdings Co Ltd Com KRW 500.00 214 0.76

Computers

1,435 SK Holdings Co Ltd Com KRW 200.00 284 1.01

Internet

5,601 Ahnlab Inc Com KRW 500.00 303 1.07

46,740 Interpark Holdings Corp Com KRW 500.00 190 0.67

3,448 Kakao Corp Com KRW 500.00 229 0.81

453 NAVER Corp Com KRW 500.00 309 1.10


Singapore

Delivery services

240,379 Singapore Post Ltd Com NPV 248 0.88


Sweden

Electronics

23,623 Fingerprint Cards Com SEK 0.04 206 0.73


Switzerland

Software

4,658 Temenos Group AG Com CHF 5.00 322 1.14


United Kingdom


70,222 Worldpay Group Plc Com GBP 0.03 236 0.84

Internet

45,233 Auto Trader Group Plc Com GBP 0.01 226 0.80

44,056 Just Eat Plc Com GBP 0.01 322 1.14

4,646 Rightmove Plc Com GBP 0.01 213 0.76


$'000



Software

8,383 Fidessa Group Plc Com GBP 0.10 237 0.84

Transportation

36,479 Royal Mail Plc Com GBP 0.01 213 0.75


United States

Commercial services

3,509 Euronet Worldwide Inc Com USD 0.02 251 0.89

1,877 FleetCor Technologies Inc Com USD 0.001 280 0.99

3,628 Global Payments Inc Com NPV 249 0.88

7,629 PayPal Holdings Inc Com USD 0.0001 300 1.06

5,291 Total System Services Inc Com USD 0.10 260 0.92

5,276 Vantiv Inc Com USD 0.00001 298 1.06

2,974 WEX Inc Com USD 0.01 329 1.17

Computers

31,498 Brocade Communications Systems Inc Com USD 0.001 389 1.38

2,359 DST Systems Inc Com USD 0.01 243 0.86

11,322 NetApp Inc Com USD 0.001 414 1.47

11,515 NetScout Systems Inc Com USD 0.001 359 1.27


2,910 MasterCard Inc Com USD 0.0001 297 1.05

3,484 Visa Inc Com USD 0.0001 270 0.96

Internet

192 Alphabet Inc Com USD 0.001 149 0.53

192 Alphabet Inc Class 'C' Com USD 0.001 146 0.52

385 Amazon.com Inc Com USD 0.01 289 1.02

11,587 eBay Inc Com USD 0.001 322 1.14

2,325 F5 Networks Inc Com NPV 327 1.16

2,349 Facebook Inc Com USD 0.000006 278 0.98

17,144 FireEye Inc Com USD 0.0001 220 0.78

5,076 IAC/InterActiveCorp Com USD 0.001 342 1.21

4,159 J2 Global Inc Com USD 0.01 306 1.08

11,925 Liberty TripAdvisor Holdings Inc Com USD 0.01 191 0.68

2,069 LinkedIn Corp Com USD 0.0001 404 1.43

2,914 Netflix Inc Com USD 0.001 341 1.21

23,669 Pandora Media Inc Com USD 0.0001 275 0.97

4,088 TripAdvisor Inc Com USD 0.001 197 0.70

19,323 Twitter Inc Com USD 0.000005 357 1.26

7,569 Yahoo! Inc Com USD 0.001 310 1.10

8,767 Zillow Group Inc Com USD 0.0001 315 1.12


750 Equinix Inc Reits USD 0.001 254 0.90

Software

5,126 Akamai Technologies Inc Com USD 0.01 342 1.21

8,575 CA Inc Com USD 0.10 274 0.97

3,238 Citrix Systems Inc Com USD 0.001 281 1.00

2,445 Fair Isaac Corp Com USD 0.01 278 0.99

iSHARES IV PLC






$'000


Equities (cont)


Software (cont)

3,758 Fidelity National Information Services Inc Com USD 0.01 290 1.03

2,638 Fiserv Inc Com USD 0.01 276 0.98

4,631 Guidewire Software Inc Com USD 0.0001 258 0.91

3,311 Jack Henry & Associates Inc Com USD 0.01 286 1.01

9,445 SS&C Technologies Holdings Inc Com USD 0.01 283 1.00

4,421 VMware Inc Com USD 0.01 358 1.27

Telecommunications

8,226 Fortinet Inc Com USD 0.001 248 0.88

4,682 InterDigital Inc Com USD 0.01 370 1.31

12,092 Juniper Networks Inc Com USD 0.00001 333 1.18

2,102 Palo Alto Networks Inc Com USD 0.0001 283 1.00

Transportation

1,696 FedEx Corp Com USD 0.10 325 1.15

2,698 United Parcel Service Inc Com USD 0.01 313 1.11



No. of contracts

Underlying exposure

$'000 Fair value

$'000



Futures contracts

6 Mini MSCI Emerging Markets Futures December 2016 264 (5) (0.02)

Total unrealised loss on futures contracts (5) (0.02)

Total financial derivative instruments (5) (0.02)

Fair value

$'000



Cash† 356 1.26



Fair value

$'000




† Cash holdings of $339,898 are held with State Street Bank and Trust Company. $15,730 is held as security for futures contracts with Barclays Bank Plc.








Fair value $'000





iSHARES IV PLC







Sales Purchases

955 Rackspace Hosting Inc Com USD 0.001 31 13,182 DeNA Co Ltd Com NPV 444

99,037 B2W Cia Digital Com NPV 421

11,322 NetApp Inc Com USD 0.001 402

2,069 LinkedIn Corp Com USD 0.0001 399 5,313 SINA Corp Com USD 0.133 394

9,375 Zalando SE Com NPV 375

19,323 Twitter Inc Com USD 0.000005 370

4,682 InterDigital Inc Com USD 0.01 364

62,968 Linx SA Com NPV 354

11,587 eBay Inc Com USD 0.001 353

11,515 NetScout Systems Inc Com USD 0.001 350

4,421 VMware Inc Com USD 0.01 339

31,498 Brocade Communications Systems Inc Com USD 0.001 335

453 NAVER Corp Com KRW 500.00 331

5,076 IAC/InterActiveCorp Com USD 0.001 328

12,384 Tencent Holdings Ltd Com HKD 0.00002 327

3,105 Atos SE Com EUR 1.00 323

26,416 Multiplus SA Com NPV 322

445,401 Tian Ge Interactive Holdings Ltd Com USD 0.0001 321

2,914 Netflix Inc Com USD 0.001 319

2,102 Palo Alto Networks Inc Com USD 0.0001 319

2,974 WEX Inc Com USD 0.01 318

85,622 Trade Me Group Ltd Com NPV 318

7,569 Yahoo! Inc Com USD 0.001 318

12,484 SMS Co Ltd Com NPV 317

14,467 Edenred Com EUR 2.00 316

5,601 Ahnlab Inc Com KRW 500.00 312

684 Constellation Software Inc Com NPV 311

44,056 Just Eat Plc Com GBP 0.01 310

5,126 Akamai Technologies Inc Com USD 0.01 309

8,767 Zillow Group Inc Com USD 0.0001 308

385 Amazon.com Inc Com USD 0.01 307

1,877 FleetCor Technologies Inc Com USD 0.001 307

2,325 F5 Networks Inc Com NPV 307

7,629 PayPal Holdings Inc Com USD 0.0001 307

4,658 Temenos Group AG Com CHF 5.00 307

9,445 SS&C Technologies Holdings Inc Com USD 0.01 305

1,696 FedEx Corp Com USD 0.10 303

5,276 Vantiv Inc Com USD 0.00001 303

12,092 Juniper Networks Inc Com USD 0.00001 302

2,910 Mastercard Inc Com USD 0.0001 301

iSHARES IV PLC






Purchases

2,698 United Parcel Service Inc Com USD 0.01 301

8,389 Trend Micro Inc Com NPV 297

2,445 Fair Isaac Corp Com USD 0.01 296

25,166 Rakuten Inc Com NPV 296

23,669 Pandora Media Inc Com USD 0.0001 296

2,349 Facebook Inc Com USD 0.000006 295

6,057 Wirecard AG Com NPV 293

4,159 J2 Global Inc Com USD 0.01 293

13,182 Yamato Holdings Co Ltd Com NPV 292

9,410 Deutsche Post AG Com NPV 291

3,758 Fidelity National Information Services Inc Com USD 0.01 291

10,013 Yoox Net-A-Porter Group SpA Com NPV 291





iSHARES IV PLC

iShares Edge MSCI Europe Momentum Factor UCITS ETF





2016 €’000


2015 €’000






Finance costs:


Total finance costs (1) -

Net profit/(loss) for the financial period before tax 102 (309)

Non-reclaimable withholding tax (7) (6)

Net profit/(loss) for the financial period after tax 95 (315)

Adjustment to align to the valuation methodology as set out in the prospectus (53) 23







2016 €’000


2015 €’000



Share transactions:


Payments on redemption of redeemable participating shares (2,657) -




iSHARES IV PLC






31 May 2016 €’000

CURRENT ASSETS

Cash 178 487





CURRENT LIABILITIES

Bank overdraft* - -

Payables (10,885) (17,159)


Net assets attributable to redeemable participating shareholders 35,161 32,299





iSHARES IV PLC






€'000



Equities (31 May 2016: 99.40%)

Austria (31 May 2016: 0.23%)

Belgium (31 May 2016: 1.30%)

Chemicals

2,155 Umicore SA Com NPV 122 0.35


Denmark (31 May 2016: 8.90%)

Banks

10,545 Danske Bank A/S Com DKK 10.00 291 0.83

Biotechnology

1,110 Genmab A/S Com DKK 1.00 181 0.51

Commercial services

2,021 ISS A/S Com DKK 1.00 65 0.19

Energy - alternate sources

3,511 Vestas Wind Systems A/S Com DKK 1.00 218 0.62

Retail

1,100 Pandora A/S Com DKK 1.00 124 0.35

Transportation

3,602 DSV A/S Com DKK 1.00 153 0.43


Finland (31 May 2016: 0.86%)

Forest products & paper

9,361 UPM-Kymmene Oyj Com NPV 202 0.57

Oil & gas

3,803 Neste Oyj Com NPV 147 0.42

Pharmaceuticals

1,919 Orion Oyj Com EUR 0.65 77 0.22


France (31 May 2016: 7.49%)

Aerospace & defence

2,065 Thales SA Com EUR 3.00 190 0.54

Apparel retailers

384 Hermes International Com NPV 150 0.43

Beverages

215 Remy Cointreau SA Com EUR 1.60 17 0.05

Chemicals

1,169 Arkema SA Com EUR 10.00 106 0.30

Commercial services

3,400 Edenred Com EUR 2.00 68 0.19

Computers

1,865 Atos SE Com EUR 1.00 182 0.52

Engineering & construction

567 Eiffage SA Com EUR 4.00 35 0.10

4,723 Vinci SA Com EUR 2.50 289 0.82


€'000


France (31 May 2016: 7.49%) (cont)

Food

2,106 Sodexo SA Com EUR 4.00 217 0.62

Home furnishings

656 SEB SA Com EUR 1.00 83 0.24

Insurance


Oil & gas services

1,689 Technip SA Com EUR 0.7625 110 0.31


529 Gecina SA Reits EUR 7.50 65 0.18

Retail

1,561 Kering Com EUR 4.00 320 0.91


Germany (31 May 2016: 11.41%)

Building materials and fixtures

2,397 HeidelbergCement AG Com NPV 202 0.57

Chemicals

2,273 Covestro AG Com NPV 138 0.39

1,499 Lanxess AG Com NPV 87 0.25

1,421 Symrise AG Com NPV 81 0.23

Electricity

5,411 RWE AG Com NPV 64 0.18


416 Hochtief AG Com NPV 56 0.16

Footwear

5,954 Adidas AG Com NPV 825 2.35


11,100 Siemens AG Com NPV 1,182 3.36

Nondurable household products

1,747 Henkel AG & Co KGaA Com NPV 167 0.47

3,184 Henkel AG & Co KGaA Pref NPV 347 0.99


4,955 Deutsche Wohnen AG Com NPV 144 0.41

5,245 Vonovia SE Com NPV 159 0.45

Retail


Semiconductors

26,400 Infineon Technologies AG Com NPV 416 1.18

Software

15,882 SAP SE Com NPV 1,250 3.55


Ireland (31 May 2016: 3.66%)


12,633 CRH Plc Com EUR 0.32 397 1.13

Oil & gas

1,378 DCC Plc Com EUR 0.25 99 0.28


iSHARES IV PLC






€'000


Equities (31 May 2016: 99.40%) (cont)

Italy (31 May 2016: 1.98%)


2,432 Prysmian SpA Com EUR 0.10 55 0.16

Total Italy 55 0.16

Jersey (31 May 2016: 3.61%)

Advertising

21,982 WPP Plc Com GBP 0.10 442 1.26

Commercial services

24,821 Experian Plc Com USD 0.10 442 1.26

Mining

323,399 Glencore Plc Com USD 0.01 1,064 3.02

1,629 Randgold Resources Ltd Com USD 0.05 109 0.31


Luxembourg (31 May 2016: Nil)


207 Eurofins Scientific SE Com EUR 0.10 85 0.24

Iron & steel

29,159 ArcelorMittal Com NPV 208 0.59


5,624 Tenaris SA Com USD 1.00 85 0.24

Total Luxembourg 378 1.07


Auto manufacturers

2,021 Ferrari NV Com EUR 0.01 104 0.29

Chemicals

2,634 Koninklijke DSM NV Com EUR 1.50 151 0.43

Food

17,147 Koninklijke Ahold Delhaize NV Com EUR 0.01 319 0.91

Media

6,118 Altice NV Com EUR 0.01 99 0.28

1,691 Altice NV Com EUR 0.25 28 0.08

3,905 Wolters Kluwer NV Com EUR 0.12 133 0.38

Pipelines

726 Koninklijke Vopak NV Com EUR 0.50 32 0.09

Semiconductors

16,104 STMicroelectronics NV Com EUR 1.04 155 0.44


Norway (31 May 2016: 1.33%)

Food

7,311 Marine Harvest ASA Com NOK 7.50 124 0.35

11,193 Orkla ASA Com NOK 1.25 94 0.27

Insurance

2,365 Gjensidige Forsikring ASA Com NOK 2.00 36 0.10



€'000


Portugal (31 May 2016: 0.22%)

Food

3,375 Jeronimo Martins SGPS SA Com EUR 1.00 50 0.14

Oil & gas

6,507 Galp Energia SGPS SA Com EUR 1.00 83 0.24


Spain (31 May 2016: 1.71%)


1,019 Aena SA Com EUR 10.00 128 0.36

Oil & gas

14,789 Repsol SA Com EUR 1.00 186 0.53


Sweden (31 May 2016: 3.12%)

Agriculture

3,930 Swedish Match AB Com SEK 1.9823 116 0.33

Banks

44,926 Nordea Bank AB Com SEK 1.00 444 1.26

15,131 Swedbank AB Com SEK 22.00 328 0.93

Commercial services

4,773 Securitas AB Com SEK 1.00 66 0.19


5,028 Skanska AB Com NPV 108 0.31


20,317 Sandvik AB Com SEK 1.20 226 0.64


5,034 Husqvarna AB Com SEK 2.00 35 0.10

Machinery, construction & mining

6,561 Atlas Copco AB Class 'B' Com SEK 0.64 166 0.47

12,900 Atlas Copco AB Com SEK 0.64 367 1.04

Mining

5,873 Boliden AB Com SEK 2.11 143 0.41

Oil & gas

2,760 Lundin Petroleum AB Com SEK 0.01 49 0.14


1,098 L E Lundbergforetagen AB Com NPV 60 0.17



Beverages

2,979 Coca-Cola HBC AG Com CHF 6.70 59 0.17


707 Geberit AG Com CHF 0.10 263 0.75

44 Sika AG Com CHF 0.60 201 0.57

Chemicals

101 EMS-Chemie Holding AG Com CHF 0.01 49 0.14

91 Givaudan SA Com CHF 10.00 152 0.43

935 Lonza Group AG Com CHF 1.00 157 0.45


402 Partners Group Holding AG Com CHF 0.01 184 0.52

iSHARES IV PLC






€'000



Switzerland (31 May 2016: 13.73%) (cont)

Food

21 Barry Callebaut AG Com CHF 18.60 23 0.07


242 Schindler Holding AG Com CHF 0.10 40 0.11



17,614 ABB Ltd Com CHF 0.12 338 0.96



Aerospace & defence

55,000 BAE Systems Plc Com GBP 0.025 389 1.11

17,430 Rolls-Royce Holdings Plc Com GBP 0.20 139 0.39

1,776,704 Rolls-Royce Holdings Plc Pref GBP 0.001 2 0.01

Apparel retailers

7,091 Burberry Group Plc Com GBP 0.0005 119 0.34

Banks

232,031 HSBC Holdings Plc Com USD 0.50 1,735 4.94

Beverages

45,259 Diageo Plc Com GBP 0.2893518 1,069 3.04

Chemicals

1,892 Croda International Plc Com GBP 0.1035714 73 0.21

3,647 Johnson Matthey Plc Com GBP 1.109245 134 0.38

Commercial services

10,163 Ashtead Group Plc Com GBP 0.10 187 0.53

2,376 Intertek Group Plc Com GBP 0.01 92 0.26

25,817 Relx Plc Com GBP 0.144397 418 1.19

Cosmetics & personal care

20,923 Unilever Plc Com GBP 0.0311 787 2.24


5,167 Bunzl Plc Com GBP 0.3214286 125 0.36

Food

10,002 Tate & Lyle Plc Com GBP 0.25 80 0.23

113,896 Tesco Plc Com GBP 0.05 280 0.79

38,191 WM Morrison Supermarkets Plc Com GBP 0.10 98 0.28

Gas distribution

56,652 National Grid Plc Com GBP 0.1139535 609 1.73

Hotels

3,002 InterContinental Hotels Group Plc Com GBP 0.1896657 116 0.33

Household products

9,603 Reckitt Benckiser Group Plc Com GBP 0.10 765 2.17

Insurance

2,665 Admiral Group Plc Com GBP 0.001 60 0.17

17,993 RSA Insurance Group Plc Com GBP 0.01 114 0.32


€'000




5,059 Weir Group Plc Com GBP 0.125 108 0.31

Mining

31,098 Anglo American Plc Com USD 0.54945 434 1.23

33,119 BHP Billiton Plc Com USD 0.50 512 1.46

6,619 Fresnillo Plc Com USD 0.50 94 0.27

19,021 Rio Tinto Plc Com GBP 0.10 670 1.90


2,690 IMI Plc Com GBP 0.2857 31 0.09

10,378 Smiths Group Plc Com GBP 0.375 172 0.49

Oil & gas

330,038 BP Plc Com USD 0.25 1,786 5.07

33,580 Royal Dutch Shell Plc Class 'B' Com EUR 0.07 838 2.38

38,728 Royal Dutch Shell Plc Com EUR 0.07 924 2.63

Pharmaceuticals

74,322 GlaxoSmithKline Plc Com GBP 0.25 1,309 3.72

Restaurants & bars

40,965 Compass Group Plc Com GBP 0.10625 661 1.88

Software


Specialty finance

25,297 3i Group Plc Com GBP 0.738636 205 0.58

Tobacco

31,320 British American Tobacco Plc Com GBP 0.25 1,621 4.61

11,760 Imperial Brands Plc Com GBP 0.10 475 1.35

Water

2,245 Severn Trent Plc Com GBP 0.9789 58 0.16



Rights (31 May 2016: 0.01%)

Spain (31 May 2016: 0.01%)

No. of contracts

Underlying exposure

€'000 Fair value

€'000


Financial derivative instruments (31 May 2016: 0.03%)

Futures contracts (31 May 2016: 0.03%)

7 Euro Stoxx 50 Index Futures December 2016 196 2 0.01

Total unrealised gains on futures contracts 2 0.01

Total financial derivative instruments 2 0.01

iSHARES IV PLC





Fair value

€'000



Cash† 200 0.57





† Cash holdings of €178,178 are held with State Street Bank and Trust Company. €22,053 is held as security for futures contracts with Barclays Bank Plc.








Fair value €'000



Exchange traded financial derivative instruments 2 0.00



iSHARES IV PLC







Sales Purchases

25,203 Novo Nordisk A/S Com DKK 0.20 1,279 92,522 GlaxoSmithKline Plc Com GBP 0.25 1,861

24,478 SABMiller Plc Com USD 0.10 1,267 232,031 HSBC Holdings Plc Com USD 0.50 1,742

2,631 Syngenta AG Com CHF 0.10 926 340,838 BP Plc Com USD 0.25 1,735

11,854 SAP SE Com NPV 919 16,798 SAP SE Com NPV 1,320

5,033 L'Oreal SA Com EUR 0.20 810 51,108 Diageo Plc Com GBP 0.2893518 1,317

7,987 Reckitt Benckiser Group Plc Com GBP 0.10 649 11,100 Siemens AG Com NPV 1,184

16,228 Unilever Plc Com GBP 0.0311 623 39,470 Royal Dutch Shell Plc Com EUR 0.07 911

13,830 Imperial Brands Plc Com GBP 0.10 609 5,033 L'Oreal SA Com EUR 0.20 858 9,310 Vinci SA Com EUR 2.50 602 361,399 Glencore Plc Com USD 0.01 803

8,096 Fresenius SE & Co KGaA Com NPV 545 33,580 Royal Dutch Shell Plc Class 'B' Com EUR 0.07 799

3,007 Actelion Ltd Com CHF 0.50 522 22,621 Rio Tinto Plc Com GBP 0.10 665

45,405 National Grid Plc Com GBP 0.1139535 506 12,988 Unilever Plc Com GBP 0.0311 549

22,649 ABB Ltd Com CHF 0.12 429 43,033 BHP Billiton Plc Com USD 0.50 488

6,662 Vestas Wind Systems A/S Com DKK 1.00 415 28,507 Infineon Technologies AG Com NPV 446

27,284 Infineon Technologies AG Com NPV 400 44,926 Nordea Bank AB Com NPV 445

2,732 Adidas AG Com NPV 387 55,000 BAE Systems Plc Com GBP 0.025 392

14,742 Svenska Cellulosa AB SCA Com SEK 3.33 377 12,900 Atlas Copco AB Com NPV 368

4,981 Heineken NV Com EUR 1.60 373 38,624 Rolls-Royce Holdings Plc Com GBP 0.20 362 21,295 Statoil ASA Com NOK 2.50 345 3,184 Henkel AG & Co KGaA Pref NPV 348

78,042 Snam SpA Com NPV 330 5,894 British American Tobacco Plc GBP 0.25 337

18,200 GlaxoSmithKline Plc Com GBP 0.25 321 15,131 Swedbank AB Com NPV 329

166 SGS SA Com CHF 1.00 319 9,168 Vonovia SE Com NPV 324

15,774 Assa Abloy AB Com NPV 309 1,561 Kering Com EUR 4.00 322

4,280 Kerry Group Plc Com EUR 0.125 306 3,631 Reckitt Benckiser Group Plc Com GBP 0.10 319

3,008 Essilor International SA Com EUR 0.18 305 30,234 Anglo American Plc Com USD 0.54945 304

15,222 WPP Plc Com GBP 0.10 304

22,470 Anglo American Plc Com USD 0.54945 303





iSHARES IV PLC

iShares Edge MSCI Europe Multifactor UCITS ETF





2016 €’000


2015 to 30 November

2015 €’000


Net (losses)/gains on financial assets/liabilities at fair value through profit or loss (3,065) 519

Total (losses)/gains (1,857) 532


Net operating (loss)/profit (2,176) 527

Finance costs:



Net (loss)/profit for the financial period before tax (2,183) 527

Non-reclaimable withholding tax (32) -

Net (loss)/profit for the financial period after tax (2,215) 527









2016 €’000


2015 to 30 November

2015 €’000

Net assets attributable to redeemable participating shareholders at the beginning of the period 101,723 -


Share transactions:






iSHARES IV PLC






31 May 2016 €’000

CURRENT ASSETS

Cash 1,081 1,106





CURRENT LIABILITIES

Margin cash account* - -

Payables (34,852) (20,834)







iSHARES IV PLC






€'000



Equities (31 May 2016: 99.39%)

Belgium (31 May 2016: 3.53%)

Food

12,101 Colruyt SA Com NPV 577 0.47

Insurance

34,452 Ageas Com NPV 1,212 0.99


Denmark (31 May 2016: 6.33%)

Food

Healthcare products

21,143 Coloplast A/S Com DKK 1.00 1,269 1.03

21,625 William Demant Holding A/S Com DKK 0.20 343 0.28

Insurance

19,930 Tryg A/S Com DKK 5.00 337 0.27

Telecommunications

141,850 TDC A/S Com DKK 1.00 682 0.56


Finland (31 May 2016: 3.41%)


97,349 Stora Enso Oyj Com NPV 888 0.73

94,334 UPM-Kymmene Oyj Com NPV 2,038 1.66

Pharmaceuticals

18,101 Orion Oyj Com EUR 0.65 724 0.59

Telecommunications

25,475 Elisa Oyj Com NPV 752 0.61


France (31 May 2016: 14.66%)

Aerospace & defence

18,888 Thales SA Com EUR 3.00 1,740 1.42

Auto parts & equipment

42,133 Valeo SA Com EUR 1.00 2,215 1.81

Chemicals

12,003 Arkema SA Com EUR 10.00 1,085 0.88

Computers

15,766 Atos SE Com EUR 1.00 1,537 1.25

28,682 Capgemini SA Com EUR 8.00 2,136 1.74


53,425 Rexel SA Com EUR 5.00 779 0.63

Electricity

46,258 Electricite de France SA Com EUR 0.50 462 0.38

Home furnishings

3,989 SEB SA Com EUR 1.00 505 0.41

Insurance

127,522 AXA SA Com EUR 2.29 2,832 2.31


€'000


France (31 May 2016: 14.66%) (cont)

Insurance (cont)


28,837 SCOR SE Com EUR 7.876972 864 0.70


5,016 Societe BIC SA Com EUR 3.82 612 0.50

Oil & gas services



6,548 ICADE Reits NPV 426 0.35

13,384 Unibail-Rodamco SE Reits EUR 5.00 2,785 2.27


7,268 Gecina SA Reits EUR 7.50 896 0.73


Germany (31 May 2016: 9.41%)


25,243 HeidelbergCement AG Com NPV 2,131 1.74

Chemicals


28,634 Evonik Industries AG Com NPV 750 0.61

12,261 Fuchs Petrolub SE Pref NPV 457 0.37

33,110 K&S AG Com NPV 633 0.52

Electricity

79,960 RWE AG Com NPV 950 0.77


24,548 Innogy SE Com EUR 2.00 813 0.66

Food

31,931 Metro AG Com NPV 898 0.73

Footwear

20,753 Adidas AG Com NPV 2,877 2.34

Insurance

10,657 Hannover Rueck SE Com NPV 1,068 0.87


18,367 Henkel AG & Co KGaA Com NPV 1,752 1.43

Semiconductors

171,336 Infineon Technologies AG Com NPV 2,701 2.20


Ireland (31 May 2016: 0.34%)

Italy (31 May 2016: 0.27%)

Jersey (31 May 2016: 0.37%)

Oil & gas services

44,891 Petrofac Ltd Com USD 0.02 420 0.34

Pharmaceuticals

8,223 Shire Plc Com GBP 0.05 451 0.37


iSHARES IV PLC






€'000




Media

6,838 RTL Group SA Com NPV 437 0.36



Computers

14,299 Gemalto NV Com EUR 1.00 688 0.56


27,531 AerCap Holdings NV Com EUR 0.01 1,112 0.90


15,441 Boskalis Westminster Com EUR 0.80 455 0.37

Food

147,615 Koninklijke Ahold Delhaize NV Com EUR 0.01 2,747 2.24

Insurance

323,834 Aegon NV Com EUR 0.12 1,554 1.27

55,704 NN Group NV Com EUR 0.12 1,688 1.37

Pipelines

12,437 Koninklijke Vopak NV Com EUR 0.50 548 0.45

Semiconductors



Norway (31 May 2016: 0.82%)

Chemicals

16,048 Yara International ASA Com NOK 1.70 559 0.46


Spain (31 May 2016: 1.67%)

Food

110,014 Distribuidora Internacional de Alimentacion SA Com EUR 0.10 474 0.38

Insurance

186,441 Mapfre SA Com EUR 0.10 528 0.43


33,011 Zardoya Otis SA Com EUR 0.10 243 0.20

Oil & gas

260,838 Repsol SA Com EUR 1.00 3,286 2.68


Sweden (31 May 2016: 1.87%)

Commercial services



54,370 Skanska AB Com NPV 1,174 0.96

Mining

46,462 Boliden AB Com SEK 2.11 1,130 0.92


€'000


Sweden (31 May 2016: 1.87%) (cont)





Beverages



6,423 Geberit AG Com CHF 0.10 2,391 1.95

383 Sika AG Com CHF 0.60 1,749 1.42

Chemicals

1,453 EMS-Chemie Holding AG Com CHF 0.01 700 0.57

9,351 Lonza Group AG Com CHF 1.00 1,570 1.28


3,066 Partners Group Holding AG Com CHF 0.01 1,402 1.14

Food

15,418 Aryzta AG Com CHF 0.02 618 0.50

17,157 Nestle SA Com CHF 0.10 1,086 0.89


3,616 Schindler Holding AG Com CHF 0.10 596 0.49

Insurance

5,668 Swiss Life Holding AG Com CHF 5.10 1,467 1.19

33,657 Swiss Re AG Com CHF 0.10 2,915 2.38

Pharmaceuticals

17,141 Actelion Ltd Com CHF 0.50 3,108 2.53

3,286 Novartis AG Com CHF 0.50 213 0.18

1,249 Roche Holding AG Com NPV 262 0.21


12,665 Swiss Prime Site AG Com CHF 15.30 974 0.79

Transportation

9,543 Kuehne & Nagel International AG Com CHF 1.00 1,171 0.96



Aerospace & defence

406,610 BAE Systems Plc Com GBP 0.025 2,876 2.34

136,962 Meggitt Plc Com GBP 0.05 762 0.62

Airlines

2,056 easyJet Plc Com GBP 0.2728571 24 0.02


302,982 GKN Plc Com GBP 0.10 1,106 0.90

Banks

23,358 HSBC Holdings Plc Com USD 0.50 175 0.14

109,103 Investec Plc Com GBP 0.0002 668 0.55

Chemicals


iSHARES IV PLC






€'000




Chemicals (cont)

34,208 Johnson Matthey Plc Com GBP 1.109245 1,260 1.03

Commercial services

88,604 Ashtead Group Plc Com GBP 0.10 1,632 1.33

44,556 Babcock International Group Plc Com GBP 0.60 501 0.41

170,893 Relx Plc Com GBP 0.144397 2,764 2.25


43,677 Travis Perkins Plc Com GBP 0.10 689 0.56



97,922 ICAP Plc Com GBP 0.10 562 0.46

25,427 Provident Financial Plc Com GBP 0.2072727 873 0.71

Food

292,885 J Sainsbury Plc Com GBP 0.285714 796 0.65


397,360 WM Morrison Supermarkets Plc Com GBP 0.10 1,018 0.83


64,908 Mondi Plc Com EUR 0.20 1,248 1.02

Healthcare products

156,880 Smith & Nephew Plc Com USD 0.20 2,082 1.70

Home builders

179,525 Barratt Developments Plc Com GBP 0.10 992 0.81

23,067 Berkeley Group Holdings Plc Com NPV 673 0.55

55,099 Persimmon Plc Com GBP 0.10 1,102 0.90

583,775 Taylor Wimpey Plc Com GBP 0.01 1,019 0.83

Insurance


243,023 Direct Line Insurance Group Plc Com GBP 0.1090909 994 0.81

Media

640,321 ITV Plc Com GBP 0.10 1,267 1.03


47,037 IMI Plc Com GBP 0.2857 537 0.44

69,839 Smiths Group Plc Com GBP 0.375 1,160 0.94

Pharmaceuticals

25,443 Hikma Pharmaceuticals Plc Com GBP 0.10 509 0.42


266,296 Land Securities Group Plc Reits GBP 0.10 3,041 2.48

144,566 Segro Plc Reits GBP 0.10 711 0.58

Retail

166,310 Dixons Carphone Plc Com GBP 0.001 650 0.53

Software

190,794 Sage Group Plc Com GBP 0.01051948 1,475 1.20

Specialty finance

172,996 3i Group Plc Com GBP 0.738636 1,403 1.14


€'000



Tobacco

67,484 Imperial Brands Plc Com GBP 0.10 2,729 2.22



No. of contracts

Underlying exposure

€'000

Unrealised gain €'000







Fair value

€'000



Cash† 1,192 0.97





† Cash holdings of €1,081,450 are held with State Street Bank and Trust Company. €110,563 is held as security for futures contracts with CitiBank.







iSHARES IV PLC






Fair value €'000






iSHARES IV PLC







Sales Purchases

208,502 Koninklijke Ahold Delhaize NV Com EUR 0.01 4,151 260,838 Repsol SA Com EUR 1.00 3,290

52,934 Renault SA Com EUR 3.81 3,935 266,296 Land Securities Group Plc Com GBP 0.10 3,058

265,985 Orange SA Com EUR 4.00 3,677 20,753 adidas AG Com EUR 4.00 2,881

32,082 Pandora A/S Com DKK 1.00 3,536 13,384 Unibail-Rodamco SE Com EUR 0.05 2,795

158,055 Infineon Technologies AG Com NPV 2,432 125,585 Koninklijke Ahold Delhaize NV Com EUR 0.01 2,657

27,051 Swiss Re AG Com GBP 0.05 2,246 55,384 Imperial Brands Plc Com GBP 0.10 2,591

52,532 DSV A/S Com CHF 0.10 2,210 30,670 Swiss Re AG Com CHF 0.10 2,433

85,867 Bunzl Plc Com DKK 1.00 2,128 165,975 Infineon Technologies AG Com NPV 2,411

319,359 BAE Systems Plc Com EUR 0.07 2,114 143,421 Relx Plc Com GBP 0.144397 2,395

43,082 Imperial Brands Plc Com GBP 0.3214286 1,864 15,193 Actelion Ltd Com CHF 0.50 2,339

12,893 Actelion Ltd Com GBP 0.025 1,860 367,023 BAE Systems Plc Com GBP 1.00 2,330

111,816 Relx Plc Com CHF 0.10 1,803 106,084 AXA SA Com EUR 2.29 2,126

81,426 AXA SA Com EUR 2.29 1,663 23,864 Capgemini SA Com EUR 8.00 2,006

4,092 Geberit AG Com GBP 0.144397 1,567 25,510 Renault SA Com EUR 3.81 1,993

13,648 Baloise Holding AG Com GBP 0.10 1,538 129,530 Smith & Nephew Plc Com USD 0.20 1,914

18,320 Capgemini SA Com CHF 0.50 1,448 5,339 Geberit AG Com CHF0.1 1,904

27,573 Chr Hansen Holding A/S Com NPV 1,442 15,444 Pandora A/S Com DKK 1.00 1,870

16,119 HeidelbergCement AG Com CHF 0.10 1,399 128,186 Orange SA Com EUR 4.00 1,845

100,180 Smith & Nephew Plc Com CHF 1.00 1,351 17,490 Henkel AG & Co KGaA Com NPV 1,680

25,834 Valeo SA Com CHF 0.10 1,296 88,604 Ashtead Group Plc Com GBP 0.10 1,644

62,200 UPM-Kymmene Oyj Com SEK 3.20 1,260 20,998 HeidelbergCement AG Com NPV 1,624

33,619 United Internet AG Com EUR 8.00 1,254 79,414 UPM-Kymmene OYJ Com NPV 1,490

256,150 Auto Trader Group Plc Com DKK 10.00 1,183 320 Sika AG Com CHF 0.60 1,330

34,839 ProSiebenSat.1 Media SE Com NPV 1,174 160,596 Sage Group Plc Com GBP 0.01051948 1,321

35,122 Yara International ASA Com USD 0.20 1,166 7,874 Lonza Group AG Com CHF 1.00 1,299

41,862 Proximus SADP Com NPV 1,114 15,705 Thales SA Com EUR 3.00 1,294

248 Sika AG Com CHF 0.60 1,102 539,885 ITV Plc Com GBP 0.10 1,285

39,619 NN Group NV Com EUR 0.12 1,093 34,208 Johnson Matthey Plc Com GBP 1.109245 1,268

1,078 Galenica AG Com CHF 0.10 1,076 47,175 NN Group NV Com EUR 0.12 1,266

6,169 Lonza Group AG Com CHF 1.00 1,039 26,312 Valeo SA Com EUR 1.00 1,252

15,328 Nestle SA Com CHF 0.10 1,030

12,058 Thales SA Com EUR 3.00 1,030

130,021 Rexam Plc Com GBP 0.642857 1,026

125,752 Sage Group Plc Com GBP 0.01051948 1,015





iSHARES IV PLC

iShares Edge MSCI Europe Quality Factor UCITS ETF





2016 €’000


2015 €’000



Total (losses)/gains (651) 48


Net operating (loss)/profit (671) 37

Net (loss)/profit for the financial period before tax (671) 37


Net (loss)/profit for the financial period after tax (676) 35

Adjustment to align to the valuation methodology as set out in the prospectus (3) (8)

(Decrease)/increase in net assets attributable to redeemable participating shareholders from operations (679) 27






2016 €’000


2015 €’000


(Decrease)/increase in net assets attributable to redeemable participating shareholders from operations (679) 27

Share transactions:

Proceeds from issue of redeemable participating shares 8,162 -


Increase in net assets resulting from share transactions 5,519 -



iSHARES IV PLC






31 May 2016 €’000

CURRENT ASSETS

Cash 136 231





CURRENT LIABILITIES

Payables (1,918) (2,316)






iSHARES IV PLC






€'000



Equities (31 May 2016: 99.43%)

Belgium (31 May 2016: 0.41%)

Food

443 Colruyt SA Com NPV 21 0.13

Telecommunications

1,351 Proximus SADP Com NPV 36 0.23


Denmark (31 May 2016: 8.79%)

Chemicals

4,071 Novozymes A/S Com DKK 2.00 130 0.82

Food

1,455 Chr Hansen Holding A/S Com DKK 10.00 76 0.47

Healthcare products

1,325 Coloplast A/S Com DKK 1.00 80 0.50

Insurance

1,150 Tryg A/S Com DKK 5.00 19 0.12

Pharmaceuticals

21,727 Novo Nordisk A/S Com DKK 0.20 694 4.35

Retail



Finland (31 May 2016: 3.06%)

Electricity

2,339 Fortum Oyj Com EUR 3.40 32 0.20

Insurance

4,179 Sampo Oyj Com NPV 174 1.09


3,994 Kone Oyj Com NPV 166 1.04


854 Wartsila Oyj Abp Com NPV 34 0.22

Pharmaceuticals

1,002 Orion Oyj Com EUR 0.65 40 0.25

Telecommunications



France (31 May 2016: 11.12%)

Aerospace & defence

650 Thales SA Com EUR 3.00 60 0.38

Apparel retailers


Insurance

16,891 AXA SA Com EUR 2.29 375 2.35


1,329 SCOR SE Com EUR 7.876972 40 0.25


€'000


France (31 May 2016: 11.12%) (cont)

Internet

208 Iliad SA Com NPV 37 0.23


222 Societe BIC SA Com EUR 3.82 27 0.17

Oil & gas

20,758 Total SA Com EUR 2.50 933 5.85


511 Unibail-Rodamco SE Reits EUR 5.00 107 0.67


Germany (31 May 2016: 4.82%)


806 Continental AG Com NPV 135 0.85

Chemicals



495 Beiersdorf AG Com NPV 38 0.24


1,343 Innogy SE Com EUR 2.00 44 0.28

Food


Insurance

3,447 Allianz SE Com NPV 517 3.24

550 Hannover Rueck SE Com NPV 55 0.34

Media

1,730 ProSiebenSat.1 Media SE Com NPV 56 0.35

Retail

693 Hugo Boss AG Com NPV 37 0.23


Ireland (31 May 2016: 0.52%)

Airlines

1,115 Ryanair Holdings Plc Com EUR 0.006 15 0.09

Food

685 Kerry Group Plc Com EUR 0.125 46 0.29


Italy (31 May 2016: 0.47%)

Gas

25,634 Snam SpA Com NPV 93 0.59

Insurance

9,717 UnipolSai SpA Com NPV 18 0.11


Jersey (31 May 2016: 1.36%)


1,722 Wolseley Plc Com GBP 0.1080303 94 0.59

Oil & gas services



iSHARES IV PLC






€'000




Media

309 RTL Group SA Com NPV 20 0.13



Aerospace & defence

3,950 Airbus Group SE Com EUR 1.00 238 1.49

Commercial services

8,587 Relx NV Com EUR 0.07 131 0.82


10,627 Unilever NV CVS EUR 0.16 402 2.52

Food

6,442 Koninklijke Ahold Delhaize NV Com EUR 0.01 120 0.75

Pipelines


Semiconductors

3,188 ASML Holding NV Com EUR 0.09 311 1.95


Norway (31 May 2016: 1.19%)

Insurance



Portugal (31 May 2016: 0.14%)

Food


Oil & gas



Spain (31 May 2016: 4.41%)

Electricity

1,673 Endesa SA Com EUR 1.20 33 0.20

29,870 Iberdrola SA Com EUR 0.75 169 1.06

1,768 Red Electrica Corp SA Com EUR 0.50 30 0.19

Gas

117 Enagas SA Com EUR 1.50 3 0.02

Insurance

8,977 Mapfre SA Com EUR 0.10 25 0.16



Retail

10,177 Industria de Diseno Textil SA Com EUR 0.03 328 2.06

Software

5,404 Amadeus IT Group SA Com EUR 0.01 231 1.45



€'000


Sweden (31 May 2016: 3.62%)







337 L E Lundbergforetagen AB Com NPV 18 0.11

Retail

10,514 Hennes & Mauritz AB Com NPV 288 1.81

Telecommunications

16,379 Telia Co AB Com SEK 3.20 58 0.36





29 Sika AG Com CHF 0.60 132 0.83

Chemicals



999 Syngenta AG Com CHF 0.10 359 2.25

Commercial services

46 SGS SA Com CHF 1.00 87 0.55





174 Schindler Holding AG Com CHF 0.10 (voting) 29 0.18

Insurance


2,783 Swiss Re AG Com CHF 0.10 241 1.51

1,115 Zurich Insurance Group AG Com CHF 0.10 275 1.73

Pharmaceuticals

1,017 Actelion Ltd Com CHF 0.50 184 1.15

3,298 Roche Holding AG Com NPV 692 4.34

Telecommunications

234 Swisscom AG Com CHF 1.00 94 0.59

Transportation

587 Kuehne & Nagel International AG Com CHF 1.00 72 0.45



Aerospace & defence



687,884 Rolls-Royce Holdings Plc Pref GBP 0.001 1 0.01

iSHARES IV PLC






€'000




Airlines


Apparel retailers



11,453 GKN Plc Com GBP 0.10 42 0.26

Beverages

11,125 Diageo Plc Com GBP 0.2893518 263 1.65

Chemicals



Commercial services



9,711 Relx Plc Com GBP 0.144397 157 0.98


8,728 Unilever Plc Com GBP 0.0311 329 2.06


2,132 Bunzl Plc Com GBP 0.3214286 52 0.33


10,510 Aberdeen Asset Management Plc Com GBP 0.10 33 0.21


4,470 ICAP Plc Com GBP 0.10 25 0.16

2,836 London Stock Exchange Group Plc Com GBP 0.06918605 92 0.58


1,346 Schroders Plc Com GBP 1.00 44 0.27


4,691 Mondi Plc Com EUR 0.20 90 0.56

Gas distribution


Home builders


2,737 Persimmon Plc Com GBP 0.10 55 0.35

Household products


Insurance



58,028 Legal & General Group Plc Com GBP 0.025 161 1.01

38,141 Old Mutual Plc Com GBP 0.1142857 85 0.53

20,961 Prudential Plc Com GBP 0.05 382 2.40

5,056 St James's Place Plc Com GBP 0.15 56 0.35


Media

46,597 ITV Plc Com GBP 0.10 92 0.58


2,009 IMI Plc Com GBP 0.2857 23 0.14


€'000



Miscellaneous manufacturers (cont)


Pharmaceuticals

8,485 AstraZeneca Plc Com USD 0.25 415 2.60


4,441 British Land Co Plc Reits GBP 0.25 31 0.19

3,491 Hammerson Plc Reits GBP 0.25 22 0.14

3,690 Land Securities Group Plc Reits GBP 0.10 42 0.27


Restaurants & bars


Retail

965 Next Plc Com GBP 0.10 56 0.35

Software


Specialty finance


Telecommunications

86,890 BT Group Plc Com GBP 0.05 365 2.29

3,863 Inmarsat Plc Com EUR 0.0005 33 0.21

Tobacco

8,295 British American Tobacco Plc Com GBP 0.25 428 2.69




No. of contracts

Underlying exposure

€'000 Fair value

€'000




6 Ibex Mini Index Futures December 2016* 52 - 0.00

Total unrealised gains on futures contracts - 0.00

Total financial derivative instruments - 0.00

Fair value

€'000



Cash† 150 0.93

Other net liabilities (50) (0.31)


iSHARES IV PLC





Fair value

€'000




† Cash holdings of €136,407 are held with State Street Bank and Trust Company. €13,587 is held as security for futures contracts with Barclays Bank Plc. * Investments which are less than €500 are rounded to zero.








Fair value €'000



Exchange traded financial derivative instruments* - 0.00



* Investments which are less than €500 are rounded to zero.

iSHARES IV PLC







Sales Purchases

1,641 Roche Holding AG Com NPV 345 12,442 Novo Nordisk A/S Com DKK 0.20 561

3,186 Air Liquide SA Com EUR 5.50 305 11,544 Total SA Com EUR 2.50 499

13,408 Statoil ASA Com NOK 2.50 217 2,168 Roche Holding AG Com NPV 496

3,758 Total SA Com EUR 2.50 165 8,485 AstraZeneca Plc Com USD 0.25 422

8,851 Experian Plc Com USD 0.10 157 4,826 British American Tobacco Plc Com GBP 0.25 276

2,764 British American Tobacco Plc Com GBP 0.25 144 6,298 Unilever NV CVS EUR 0.16 261

3,703 Unilever NV CVS EUR 0.16 138 658 Syngenta AG Com CHF 0.10 233

1,490 Reckitt Benckiser Group Plc Com GBP 0.10 118 1,777 Allianz SE Com NPV 233

6,460 Prudential Plc Com GBP 0.05 117 49,240 BT Group Plc Com GBP 0.05 231

3,047 Unilever Plc Com GBP 0.0311 113 5,174 Unilever Plc Com GBP 0.0311 219

4,546 Diageo Plc Com GBP 0.2893518 107 2,436 Reckitt Benckiser Group Plc Com GBP 0.10 215

3,336 Novo Nordisk A/S Com DKK 0.20 103 12,010 Prudential Plc Com GBP 0.05 192

534 Actelion Ltd Com CHF 0.50 96 5,690 Industria de Diseno Textil SA Com EUR 0.03 179

431 Unibail-Rodamco SE Reits EUR 5.00 90 1,847 ASML Holding NV Com EUR 0.09 178

34,619 Centrica Plc Com GBP 0.061728 86 6,877 Diageo Plc Com GBP 0.2893518 176

571 Allianz SE Com NPV 85 8,923 AXA SA Com EUR 2.29 164

1,168 Airbus Group SE Com EUR 1.00 70 92 Givaudan SA Com CHF 10.00 161

9,071 BAE Systems Plc Com GBP 0.025 64 5,652 Hennes & Mauritz AB Com NPV 155

1,478 DSV A/S Com DKK 1.00 62 8,273 Compass Group Plc Com GBP 0.10625 143

2,758 AXA SA Com EUR 2.29 60 3,237 Amadeus IT Group SA Com EUR 0.01 135

1,747 Industria de Diseno Textil SA Com EUR 0.03 56 806 Continental AG Com NPV 135

1,943 Atlas Copco AB Com SEK 0.64 56 2,725 Imperial Brands Plc Com GBP 0.10 130

12,960 BT Group Plc Com GBP 0.05 53 9,672 National Grid Plc Com GBP 0.1139535 124

606 Swiss Re AG Com CHF 0.10 52 572 Zurich Insurance Group AG Com CHF 0.10 124

201 Zurich Insurance Group AG Com CHF 0.10 49 6,442 Koninklijke Ahold Delhaize NV Com EUR 0.01 120

1,293 United Internet AG Com NPV 47 1,276 Air Liquide SA Com EUR 5.50 120

1,687 Hennes & Mauritz AB Com NPV 46 2,202 Airbus Group SE Com EUR 1.00 115

1,495 Swiss Re AG Com CHF 0.10 114

6,306 ARM Holdings Plc Com GBP 0.0005 113

17,517 BAE Systems Plc Com GBP 0.025 111

18,178 Iberdrola SA Com EUR 0.75 108





iSHARES IV PLC

iShares Edge MSCI Europe Size Factor UCITS ETF





2016 €’000


2015 €’000



Total losses (509) (96)


Net operating loss (520) (107)

Net loss for the financial period before tax (520) (107)


Net loss for the financial period after tax (526) (112)








2016 €’000


2015 €’000



Share transactions:


Decrease in net assets resulting from share transactions (4,979) -



iSHARES IV PLC






31 May 2016 €’000

CURRENT ASSETS

Cash 38 218


Receivables 764 45



CURRENT LIABILITIES

Payables (774) (3)






iSHARES IV PLC






€'000



Equities (31 May 2016: 97.84%)

Austria (31 May 2016: 1.60%)

Banks

2,022 Raiffeisen Bank International AG Com NPV 34 0.42

Integrated oil & gas

1,154 OMV AG Com NPV 35 0.43

Iron & steel

965 Voestalpine AG Com NPV 35 0.42


702 Andritz AG Com NPV 34 0.42


Belgium (31 May 2016: 2.70%)

Chemicals

336 Solvay SA Com EUR 15.00 36 0.44

618 Umicore SA Com NPV 35 0.43

Food

711 Colruyt SA Com NPV 34 0.41

Insurance

965 Ageas Com NPV 34 0.42

Media

710 Telenet Group Holding NV Com NPV 35 0.43


Denmark (31 May 2016: 4.80%)

Biotechnology

197 Genmab A/S Com DKK 1.00 32 0.39

Chemicals


Commercial services

1,036 ISS A/S Com DKK 1.00 34 0.41


551 Vestas Wind Systems A/S Com DKK 1.00 34 0.42

Food

644 Chr Hansen Holding A/S Com DKK 10.00 34 0.41

Healthcare products


Insurance

1,921 Tryg A/S Com DKK 5.00 32 0.39

Retail

301 Pandora A/S Com DKK 1.00 34 0.42

Telecommunications

7,292 TDC A/S Com DKK 1.00 35 0.43

Transportation

818 DSV A/S Com DKK 1.00 35 0.43



€'000


Finland (31 May 2016: 3.31%)


996 Nokian Renkaat Oyj Com NPV 34 0.42





1,291 Metso Oyj Com NPV 35 0.42


851 Wartsila Oyj Abp Com NPV 34 0.42

Oil & gas

913 Neste Oyj Com NPV 35 0.43

Pharmaceuticals

846 Orion Oyj Com EUR 0.65 34 0.41

Telecommunications



France (31 May 2016: 14.03%)

Advertising

1,329 JCDecaux SA Com NPV 33 0.40

Aerospace & defence

29 Dassault Aviation SA Com EUR 8.00 30 0.37

1,523 Zodiac Aerospace Com NPV 32 0.39

Auto manufacturers

2,481 Peugeot SA Com EUR 1.00 35 0.42


652 Valeo SA Com EUR 1.00 34 0.42

Beverages



517 Imerys SA Com EUR 2.00 34 0.42

Chemicals

382 Arkema SA Com EUR 10.00 34 0.42

Commercial services

1,943 Bureau Veritas SA Com EUR 0.12 34 0.42

1,761 Edenred Com EUR 2.00 35 0.42

Computers

348 Atos SE Com EUR 1.00 34 0.42

420 Capgemini SA Com EUR 8.00 31 0.38

453 Ingenico Group SA Com EUR 1.00 33 0.40


2,485 Rexel SA Com EUR 5.00 36 0.44


629 Eurazeo SA Com NPV 32 0.39


647 Legrand SA Com EUR 4.00 34 0.42


368 Aeroports de Paris Com EUR 3.00 34 0.42


iSHARES IV PLC






€'000



France (31 May 2016: 14.03%) (cont)

Food

763 Casino Guichard Perrachon SA Com EUR 1.53 33 0.40

334 Sodexo SA Com EUR 4.00 34 0.42

Home furnishings

262 SEB SA Com EUR 1.00 33 0.40

Hotels

982 Accor SA Com EUR 3.00 33 0.40

Insurance

1,142 SCOR SE Com EUR 7.876972 34 0.42

Internet



1,255 Alstom SA Com EUR 7.00 32 0.39

Media

1,500 Lagardere SCA Com EUR 6.10 35 0.43



Oil & gas services

511 Technip SA Com EUR 0.7625 33 0.40


432 Fonciere Des Regions Reits EUR 3.00 32 0.39

537 ICADE Reits NPV 35 0.43



Specialty finance

317 Wendel SA Com EUR 4.00 35 0.43

Telecommunications

2,061 Eutelsat Communications SA Com EUR 1.00 35 0.43

Transportation

4,069 Groupe Eurotunnel SE Com EUR 0.40 34 0.42

Water

2,540 Suez Com EUR 4.00 34 0.42

2,046 Veolia Environnement SA Com EUR 5.00 33 0.40


Germany (31 May 2016: 8.68%)

Airlines

2,605 Deutsche Lufthansa AG Com NPV 32 0.39


2,688 Schaeffler AG Pref NPV 33 0.40

Banks

4,751 Commerzbank AG Com NPV 31 0.38

Chemicals

688 Brenntag AG Com NPV 34 0.42

578 Covestro AG Com NPV 35 0.43

893 Fuchs Petrolub SE Pref NPV 33 0.40

1,781 K&S AG Com NPV 34 0.42


€'000



Chemicals (cont)

581 Lanxess AG Com NPV 34 0.41

602 Symrise AG Com NPV 34 0.42


697 OSRAM Licht AG Com NPV 33 0.40

Electricity

2,954 RWE AG Com NPV 35 0.43


634 Fraport AG Frankfurt Airport Services Worldwide Com NPV 35 0.42


Insurance

344 Hannover Rueck SE Com NPV 35 0.43

Internet

920 United Internet AG Com NPV 33 0.40

Leisure time

2,787 TUI AG Com NPV 35 0.43


995 GEA Group AG Com NPV 35 0.43

Media

794 Axel Springer SE Com EUR 1.00 32 0.39





Retail

623 Hugo Boss AG Com NPV 33 0.41

935 Zalando SE Com NPV 33 0.40

Telecommunications

9,463 Telefonica Deutschland Holding AG Com NPV 35 0.43


Ireland (31 May 2016: 1.20%)

Banks

153,900 Bank of Ireland Com EUR 0.05 31 0.38

Entertainment

328 Paddy Power Betfair Plc Com EUR 0.09 33 0.40

Food

514 Kerry Group Plc Com EUR 0.125 34 0.42

Oil & gas

467 DCC Plc Com EUR 0.25 34 0.42


Italy (31 May 2016: 3.07%)

Aerospace & defence

3,044 Leonardo-Finmeccanica SpA Com EUR 4.40 37 0.45

Banks

4,927 Mediobanca SpA Com EUR 0.50 32 0.39

iSHARES IV PLC






€'000



Italy (31 May 2016: 3.07%) (cont)



Electricity

8,515 Terna Rete Elettrica Nazionale SpA Com EUR 0.22 35 0.43

Holding companies - diversified operations

882 Exor SpA Com NPV 35 0.43

Insurance



Oil & gas services

86,092 Saipem SpA Com NPV 36 0.44


Jersey (31 May 2016: 1.38%)


650 Wolseley Plc Com GBP 0.1080303 36 0.44

Mining

495 Randgold Resources Ltd Com USD 0.05 33 0.40

Oil & gas services






Telecommunications

862 Millicom International Cellular SA Receipt USD 1.50 34 0.42

1,697 SES SA Receipt NPV 35 0.42



Auto manufacturers

672 Ferrari NV Com EUR 0.01 35 0.42

4,762 Fiat Chrysler Automobiles NV Com EUR 0.01 34 0.42

Chemicals

589 Koninklijke DSM NV Com EUR 1.50 34 0.42

Commercial services

699 Randstad Holding NV Com EUR 0.10 34 0.42

Computers

685 Gemalto NV Com EUR 1.00 33 0.40


993 AerCap Holdings NV Com EUR 0.01 40 0.49



Healthcare products

1,244 Qiagen NV Com EUR 0.01 32 0.39


€'000



Insurance

1,170 NN Group NV Com EUR 0.12 35 0.43


4,531 CNH Industrial NV Com EUR 0.01 36 0.44

Media


Pipelines


Semiconductors


Telecommunications

12,994 Koninklijke KPN NV Com EUR 0.04 35 0.43


Norway (31 May 2016: 1.75%)

Chemicals

951 Yara International ASA Com NOK 1.70 33 0.40

Food


4,124 Orkla ASA Com NOK 1.25 35 0.43

Insurance


Media

898 Schibsted ASA Class 'B' Com NOK 0.50 17 0.21

762 Schibsted ASA Com NOK 0.50 16 0.19

Mining

7,873 Norsk Hydro ASA Com NOK 1.098 35 0.43


Portugal (31 May 2016: 1.23%)

Food


Oil & gas



Spain (31 May 2016: 4.04%)

Banks

26,310 Banco de Sabadell SA Com EUR 0.125 31 0.38

38,976 Banco Popular Espanol SA Com EUR 0.50 32 0.39

4,967 Bankinter SA Com EUR 0.30 35 0.43

Electricity

966 Red Electrica Corp SA Com EUR 0.50 16 0.20


1,247 ACS Actividades de Construccion y Servicios SA Com EUR 0.50 35 0.43

Food


Gas

1,340 Enagas SA Com EUR 1.50 31 0.38

iSHARES IV PLC






€'000



Spain (31 May 2016: 4.04%) (cont)

Insurance

12,227 Mapfre SA Com EUR 0.10 35 0.43



Pharmaceuticals

1,825 Grifols SA Com EUR 0.25 34 0.41


Sweden (31 May 2016: 6.34%)

Agriculture


Commercial services




Food

1,195 ICA Gruppen AB Com SEK 2.50 33 0.40

Healthcare products

2,249 Getinge AB Com SEK 0.50 32 0.39


2,058 Industrivarden AB Com SEK 2.50 33 0.41

Home furnishings

1,529 Electrolux AB Com SEK 5.00 34 0.42





2,162 SKF AB Com SEK 2.50 37 0.45

Mining



2,442 Alfa Laval AB Com SEK 2.84 35 0.43

Oil & gas



564 L E Lundbergforetagen AB Com NPV 31 0.38

Specialty finance

1,491 Kinnevik AB Com SEK 0.10 34 0.42

Telecommunications

487 Tele2 AB Com NPV 3 0.04

4,165 Tele2 AB Com SEK 1.25 30 0.36



Beverages




7 Sika AG Com CHF 0.60 32 0.39


€'000



Chemicals




Commercial services

614 Adecco Group AG Com CHF 1.00 36 0.44


797 Julius Baer Group Ltd Com CHF 0.02 33 0.41


Food

834 Aryzta AG Com CHF 0.02 34 0.42


7 Chocoladefabriken Lindt & Spruengli AG Com CHF 10.00 32 0.39

Healthcare products

288 Sonova Holding AG Com CHF 0.05 33 0.40

Insurance



Pharmaceuticals

230 Actelion Ltd Com CHF 0.50 41 0.50

35 Galenica AG Com CHF 0.10 35 0.43


424 Swiss Prime Site AG Com CHF 15.30 33 0.40

Retail

271 Dufry AG Com CHF 5.00 31 0.38

Specialty finance

567 Pargesa Holding SA Com CHF 20.00 34 0.42



Aerospace & defence

17,899 Cobham Plc Com GBP 0.025 34 0.42


Airlines


Apparel retailers



9,534 GKN Plc Com GBP 0.10 35 0.43

Banks


Chemicals

881 Croda International Plc Com GBP 0.1035714 34 0.42

862 Johnson Matthey Plc Com GBP 1.109245 32 0.39

Commercial services



4,986 Capita Plc Com GBP 0.020667 31 0.38

iSHARES IV PLC






€'000




Commercial services (cont)

11,786 G4S Plc Com GBP 0.25 34 0.42

893 Intertek Group Plc Com GBP 0.01 34 0.42


1,449 Bunzl Plc Com GBP 0.3214286 35 0.43





6,058 ICAP Plc Com GBP 0.10 35 0.43

979 London Stock Exchange Group Plc Com GBP 0.06918605 32 0.39

937 Provident Financial Plc Com GBP 0.2072727 32 0.39

989 Schroders Plc Com GBP 1.00 32 0.39


Entertainment

6,328 Merlin Entertainments Plc Com GBP 0.01 32 0.39

9,825 William Hill Plc Com GBP 0.10 35 0.43

Food





1,900 Mondi Plc Com EUR 0.20 37 0.45


3,794 Mediclinic International Plc Com GBP 0.10 32 0.39

Healthcare products


Home builders




18,847 Taylor Wimpey Plc Com GBP 0.01 33 0.40

Hotels

887 InterContinental Hotels Group Plc Com GBP 0.1896657 34 0.42

800 Whitbread Plc Com GBP 0.767974 33 0.40

Insurance







Internet



€'000



Leisure time

706 Carnival Plc Com USD 1.66 34 0.41



Media

16,952 ITV Plc Com GBP 0.10 34 0.41

3,762 Pearson Plc Com GBP 0.25 35 0.43

Mining


4,327 Antofagasta Plc Com GBP 0.05 35 0.43



3,072 IMI Plc Com GBP 0.2857 35 0.43


Pharmaceuticals





10,749 Intu Properties Plc Reits GBP 0.50 34 0.42



Retail


7,780 Kingfisher Plc Com GBP 0.157143 32 0.40

8,567 Marks & Spencer Group Plc Com GBP 0.25 33 0.40

566 Next Plc Com GBP 0.10 33 0.40

Software


Specialty finance


Telecommunications


Transportation


Water


3,225 United Utilities Group Plc Com GBP 0.05 34 0.42



Rights (31 May 2016: 0.03%)

Spain (31 May 2016: 0.03%)

iSHARES IV PLC





No. of contracts

Underlying exposure

€'000 Fair value

€'000




2 Ibex Mini Index Futures December 2016* 17 - 0.00



Fair value €'000



Cash† 42 0.51





† Cash holdings of €38,189 are held with State Street Bank and Trust Company. €3,900 is held as security for futures contracts with Barclays Bank Plc. * Investments which are less than €500 have been rounded to zero.








Fair value €'000






* Investments which are less than €500 have been rounded to zero.

iSHARES IV PLC







Sales Purchases

26,707 ArcelorMittal Com NPV 140 2,490 Hikma Pharmaceuticals Plc Com GBP 0.10 69

886 Thales SA Com EUR 3.00 75 9,180 Poste Italiane SpA Com NPV 62

576 Aena SA Com EUR 10.00 71 4,276 Schaeffler AG Pref NPV 61

4,893 Infineon Technologies AG Com NPV 70 1,596 Covestro AG Com NPV 61

6,649 Anglo American Plc Com USD 0.54945 66 733 DCC Plc Com EUR 0.25 60

3,824 Fresnillo Plc Com USD 0.50 65 3,934 Marine Harvest ASA Com NOK 7.50 59

7,568 Rexam Plc Com GBP 0.8035714 60 856 Eiffage SA Com EUR 4.00 57

350 Genmab A/S Com DKK 1.00 56 499 Hochtief AG Com NPV 57

599 Randgold Resources Ltd Com USD 0.05 55 3,762 Pearson Plc Com GBP 0.25 35

4,075 OCI NV Com EUR 20.00 53 262 SEB SA Com EUR 1.00 33

13 Sika AG Com CHF 0.60 51 80 Eurofins Scientific SE Com EUR 0.10 33

4,301 Aggreko Plc Com GBP 0.04832911 51 951 Yara International ASA Com NOK 1.70 33

7,314 STMicroelectronics NV Com EUR 1.04 49 566 Next Plc Com GBP 0.10 33

1,018 Covestro AG Com NPV 48 4,751 Commerzbank AG Com NPV 31

1,469 Neste Oyj Com NPV 47 564 L E Lundbergforetagen AB Com NPV 31

2,236 Boliden AB Com SEK 2.11 45 24,320 Banco Popular Espanol SA Com EUR 0.50 30

914 Umicore SA Com NPV 44 29 Dassault Aviation SA Com EUR 8.00 30

569 Arkema SA Com EUR 10.00 41 12,845 Cobham Plc Com GBP 0.025 27

103 Partners Group Holding AG Com CHF 0.01 41 3,219 Capita Plc Com GBP 0.020667 25

867 OSRAM Licht AG Com NPV 40 1,352 Eutelsat Communications SA Com EUR 1.00 24

1,023 Alstom SA Com EUR 7.00 23

417 Hugo Boss AG Com NPV 23

1,773 OCI NV Com EUR 20.00 23

9,543 ITV Plc Com GBP 0.10 23

6,657 Unione di Banche Italiane SpA Com EUR 2.50 22

2,333 Inmarsat Plc Com EUR 0.0005 21





iSHARES IV PLC

iShares Edge MSCI Europe Value Factor UCITS ETF





2016 €’000


2015 €’000


Net gains/(losses) on financial assets/liabilities at fair value through profit or loss 3,005 (866)

Total gains/(losses) 3,843 (765)


Net operating profit/(loss) 3,756 (779)

Finance costs:



Net profit/(loss) for the financial period before tax 3,753 (779)


Net profit/(loss) for the financial period after tax 3,734 (782)


Increase/(decrease) in net assets attributable to redeemable participating shareholders from operations 3,880 (776)






2016 €’000


2015 €’000



Share transactions:





iSHARES IV PLC






31 May 2016 €’000

CURRENT ASSETS

Cash 1,053 373





CURRENT LIABILITIES

Bank overdraft (18) (1)

Payables (27,085) (4)

Financial liabilities at fair value through profit or loss* 3 - -





* Amounts for 31 May 2016 that are less than €500 are rounded to zero.


iSHARES IV PLC






€'000



Equities (31 May 2016: 97.93%)

Austria (31 May 2016: 0.41%)

Banks



13,597 OMV AG Com NPV 413 0.12

Iron & steel

23,737 Voestalpine AG Com NPV 853 0.25


Belgium (31 May 2016: 2.50%)

Chemicals

10,668 Solvay SA Com EUR 15.00 1,149 0.33

Insurance

18,212 Ageas Com NPV 641 0.19


Denmark (31 May 2016: 2.65%)

Beverages

43,117 Carlsberg A/S Com DKK 20.00 3,457 1.00

Telecommunications

101,145 TDC A/S Com DKK 1.00 486 0.14

Transportation

2,037 AP Moeller - Maersk A/S Class 'B' Com DKK 1000.00 2,558 0.74

1,224 AP Moeller - Maersk A/S Com DKK 1000.00 1,466 0.43


Finland (31 May 2016: 0.75%)

Electricity





Telecommunications

591,169 Nokia Oyj Com NPV 2,397 0.69


France (31 May 2016: 19.72%)

Auto manufacturers

113,527 Peugeot SA Com EUR 1.00 1,580 0.46

44,038 Renault SA Com EUR 3.81 3,274 0.95


23,066 Cie Generale des Etablissements Michelin Com EUR 2.00 2,326 0.68

20,361 Valeo SA Com EUR 1.00 1,071 0.31

Banks

115,428 BNP Paribas SA Com EUR 2.00 6,323 1.83


€'000


France (31 May 2016: 19.72%) (cont)

Banks (cont)

141,684 Credit Agricole SA Com EUR 3.00 1,509 0.44

107,547 Societe Generale SA Com EUR 1.25 4,363 1.27


90,690 Cie de Saint-Gobain Com EUR 4.00 3,708 1.08

Chemicals

8,180 Arkema SA Com EUR 10.00 739 0.21

Computers

25,636 Atos SE Com EUR 1.00 2,500 0.72



71,320 Rexel SA Com EUR 5.00 1,040 0.30


62,740 Schneider Electric SE Com EUR 4.00 3,939 1.14

Electricity


225,767 Engie SA Com EUR 1.00 2,630 0.76


31,832 Bouygues SA Com EUR 1.00 1,016 0.30

63,287 Vinci SA Com EUR 2.50 3,875 1.12

Food

107,792 Carrefour SA Com EUR 2.50 2,383 0.69

39,942 Casino Guichard Perrachon SA Com EUR 1.53 1,715 0.50

Insurance

196,446 AXA SA Com EUR 2.29 4,363 1.27


11,817 SCOR SE Com EUR 7.876972 354 0.10

Media


Oil & gas

151,695 Total SA Com EUR 2.50 6,819 1.98

Pharmaceuticals

156,052 Sanofi Com EUR 2.00 11,877 3.45




Telecommunications

257,268 Orange SA Com EUR 4.00 3,537 1.03


Germany (31 May 2016: 18.24%)

Airlines

97,041 Deutsche Lufthansa AG Com NPV 1,185 0.34

Auto manufacturers

45,941 Bayerische Motoren Werke AG Com EUR 1.00 3,689 1.07

10,063 Bayerische Motoren Werke AG Pref EUR 1.00 680 0.20

134,273 Daimler AG Com NPV 8,415 2.44

iSHARES IV PLC






€'000



Germany (31 May 2016: 18.24%) (cont)

Airlines (cont)

44,582 Porsche Automobil Holding SE Pref NPV 2,130 0.62

6,117 Volkswagen AG Com NPV 790 0.23

43,765 Volkswagen AG Pref NPV 5,328 1.55

Banks

187,171 Commerzbank AG Com NPV 1,229 0.36

246,777 Deutsche Bank AG Com NPV 3,672 1.06



Chemicals



36,827 K&S AG Com NPV 704 0.20

Electricity

263,277 E.ON SE Com NPV 1,639 0.48

58,332 RWE AG Com NPV 693 0.20

Food

67,785 Metro AG Com NPV 1,907 0.55


12,365 Fresenius Medical Care AG & Co KGaA Com NPV 911 0.27

Insurance

31,719 Allianz SE Com NPV 4,753 1.38

10,665 Muenchener Rueckversicherungs-Gesellschaft AG Com NPV 1,834 0.53



Pharmaceuticals

82,001 Bayer AG Com NPV 7,239 2.10

10,068 Merck KGaA Com NPV 952 0.28


Ireland (31 May 2016: 0.05%)

Airlines


Banks

1,534,534 Bank of Ireland Com EUR 0.05 310 0.09


Italy (31 May 2016: 2.13%)

Aerospace & defence


Banks

68,622 Intesa Sanpaolo SpA Misc EUR 0.52 134 0.04


843,094 UniCredit SpA Com NPV 1,703 0.49




€'000


Italy (31 May 2016: 2.13%) (cont)

Electricity

824,533 Enel SpA Com EUR 1.00 3,143 0.91

Insurance



Telecommunications

1,426,377 Telecom Italia SpA Com NPV 1,018 0.29

1,215,408 Telecom Italia SpA Misc NPV 712 0.21


Jersey (31 May 2016: 1.49%)

Mining

1,854,056 Glencore Plc Com USD 0.01 6,099 1.77

Oil & gas services


Pharmaceuticals

100,147 Shire Plc Com GBP 0.05 5,497 1.60



Iron & steel

386,529 ArcelorMittal Com NPV 2,755 0.80



Auto manufacturers

245,391 Fiat Chrysler Automobiles NV Com EUR 0.01 1,786 0.52

Banks

252,463 ING Groep NV Com EUR 0.01 3,244 0.94

Beverages

25,963 Heineken Holding NV Com EUR 1.60 1,720 0.50

Computers




Electronics

101,822 Koninklijke Philips NV Com EUR 0.20 2,762 0.80



Food


Healthcare products

12,452 Qiagen NV Com EUR 0.01 324 0.09

Insurance

331,139 Aegon NV Com EUR 0.12 1,589 0.46


Semiconductors



iSHARES IV PLC






€'000



Norway (31 May 2016: 0.75%)

Banks

63,685 DNB ASA Com NOK 10.00 884 0.26

Chemicals

32,266 Yara International ASA Com NOK 1.70 1,125 0.33

Mining

236,780 Norsk Hydro ASA Com NOK 1.098 1,052 0.30


Portugal (31 May 2016: 0.21%)

Electricity

231,660 EDP - Energias de Portugal SA Com EUR 1.00 631 0.18


Spain (31 May 2016: 3.74%)

Airlines

286,973 International Consolidated Airlines Group SA Com EUR 0.50 1,467 0.42

Banks



1,106,074 Banco Santander SA Com EUR 0.50 4,768 1.38

232,871 Bankia SA Com EUR 0.80 196 0.06

223,591 CaixaBank SA Com EUR 1.00 613 0.18

Electricity

437,509 Iberdrola SA Com EUR 0.75 2,485 0.72



Insurance

85,638 Mapfre SA Com EUR 0.10 242 0.07

Oil & gas

125,984 Repsol SA Com EUR 1.00 1,587 0.46

Telecommunications

397,943 Telefonica SA Com EUR 1.00 3,125 0.91


Sweden (31 May 2016: 3.62%)


166,653 Svenska Cellulosa AB SCA Com SEK 3.33 4,171 1.21

Healthcare products


Mining


Telecommunications

969,545 Telefonaktiebolaget LM Ericsson Com SEK 5.00 4,707 1.37

313,809 Telia Co AB Com SEK 3.20 1,105 0.32



€'000



Banks

132,541 Credit Suisse Group AG Com CHF 0.04 1,657 0.48

Food

55,054 Aryzta AG Com CHF 0.02 2,207 0.64

Insurance

3,129 Baloise Holding AG Com CHF 0.10 355 0.10

3,942 Swiss Life Holding AG Com CHF 5.10 1,020 0.30


Pharmaceuticals

198,953 Novartis AG Com CHF 0.50 12,925 3.76



Aerospace & defence



Airlines



149,959 GKN Plc Com GBP 0.10 547 0.16

Banks

1,807,484 Barclays Plc Com GBP 0.25 4,597 1.33

1,356,489 HSBC Holdings Plc Com USD 0.50 10,142 2.95

404,750 Royal Bank of Scotland Group Plc Com GBP 1.00 926 0.27

207,345 Standard Chartered Plc Com USD 0.50 1,565 0.45

Commercial services





Food

1,408,860 J Sainsbury Plc Com GBP 0.285714 3,832 1.11

1,388,196 WM Morrison Supermarkets Plc Com GBP 0.10 3,556 1.04

Home builders





Media


Mining

274,680 Anglo American Plc Com USD 0.54945 3,834 1.11

144,885 Rio Tinto Plc Com GBP 0.10 5,101 1.48

Oil & gas

927,134 BP Plc Com USD 0.25 5,017 1.46

187,712 Royal Dutch Shell Plc Class 'B' Com EUR 0.07 4,682 1.36

292,675 Royal Dutch Shell Plc Com EUR 0.07 6,984 2.03

iSHARES IV PLC






€'000




Pharmaceuticals

81,256 AstraZeneca Plc Com USD 0.25 3,971 1.15



133,300 Land Securities Group Plc Reits GBP 0.10 1,522 0.44

Retail




Specialty finance


Telecommunications

1,900,952 Vodafone Group Plc Com USD 0.2095 4,341 1.26

Tobacco

270,112 Imperial Brands Plc Com GBP 0.10 10,922 3.17

Transportation

218,751 Royal Mail Plc Com GBP 0.01 1,208 0.36



Rights (31 May 2016: 0.01%)

Spain (31 May 2016: 0.01%)

123,762 CaixaBank SA – Rights 12 December 2016 4 0.00

284,974 Telefonica SA – Rights 6 December 2016 90 0.03

Total Spain 94 0.03

Total rights 94 0.03

No. of contracts

Underlying exposure

€'000 Fair value

€'000




12 Ibex 35 Index Futures December 2016 339 1 0.00




Fair value €'000



Cash† 1,147 0.33

Fair value €'000






† Cash holdings of €1,034,918 are held with State Street Bank and Trust Company. €112,329 is held as security for futures contracts to Barclays Bank Plc.

Equities are primarily classified by country of incorporation of entity

in which the Fund holds shares.






Fair value €'000



Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) 90 0.02




iSHARES IV PLC







Sales Purchases

205,723 Infineon Technologies AG Com NPV 3,260 193,385 Novartis AG Com CHF 0.50 12,773

342,170 BAE Systems Plc Com GBP 0.025 2,420 612,343 Koninklijke Ahold Delhaize NV Com EUR 0.01 12,403

9,241 Zurich Insurance Group AG Com CHF 0.10 2,283 162,591 Sanofi Com EUR 2.00 11,918

296,662 HSBC Holdings Plc Com USD 0.50 2,217 1,534,645 HSBC Holdings Plc Com USD 0.50 10,916

18,612 Sanofi Com EUR 2.00 1,419 253,096 Imperial Brands Plc Com GBP 0.10 10,819

148,873 Tate & Lyle Plc Com GBP 0.25 1,192 98,170 Siemens AG Com NPV 10,316

343,955 Glencore Plc Com USD 0.01 1,141 132,485 Daimler AG Com NPV 8,560

41,594 Koninklijke Ahold Delhaize NV Com EUR 0.01 775 77,505 Bayer AG Com NPV 7,035

304,736 Barclays Plc Com GBP 0.25 775 274,525 Royal Dutch Shell Plc Com EUR 0.07 6,369

15,556 AstraZeneca Plc Com USD 0.25 769 118,311 BNP Paribas SA Com EUR 2.00 6,361

9,566 Novartis AG Com CHF 0.50 626 143,021 Total SA Com EUR 2.50 6,282

11,260 BNP Paribas SA Com EUR 2.00 618 2,047,561 Glencore Plc Com USD 0.01 5,928

266,315 Old Mutual Plc Com GBP 0.1142857 594 98,151 Shire Plc Com GBP 0.05 5,377

3,308 Lonza Group AG Com CHF 1.00 558 40,570 Volkswagen AG Pref NPV 4,937

7,786 Daimler AG Com NPV 489 919,319 BP Plc Com USD 0.25 4,876

22,574 UPM-Kymmene Oyj Com NPV 488 143,784 Rio Tinto Plc Com GBP 0.10 4,763

29,901 Anglo American Plc Com USD 0.54945 401 1,050,344 Banco Santander SA Com EUR 0.50 4,601

11,540 Rio Tinto Plc Com GBP 0.10 396 1,851,716 Vodafone Group Plc Com USD 0.2095 4,576

74,410 BP Plc Com USD 0.25 395 89,613 AstraZeneca Plc Com USD 0.25 4,574

30,214 ING Groep NV Com EUR 0.01 388 1,964,421 Barclays Plc Com GBP 0.25 4,427

3,660 Cie Generale des Etablissements Michelin Com EUR 2.00 367 919,862 Telefonaktiebolaget LM Ericsson Com SEK 5.00 4,360

4,228 HeidelbergCement AG Com NPV 359 178,332 Royal Dutch Shell Plc Class 'B' Com EUR 0.07 4,328

48,270 Standard Chartered Plc Com USD 0.50 358 29,587 Allianz SE Com NPV 4,306

4,061 Swiss Re AG Com CHF 0.10 350 154,488 Svenska Cellulosa AB SCA Com SEK 3.33 3,932

1,909 Muenchener Rueckversicherungs-Gesellschaft AG 183,395 AXA SA Com EUR 2.29 3,914

Com NPV 328 100,405 Societe Generale SA Com EUR 1.25 3,786

3,210 Merck KGaA Com NPV 303 59,308 Vinci SA Com EUR 2.50 3,742

60,238 Schneider Electric SE Com EUR 4.00 3,722

1,329,214 J Sainsbury Plc Com GBP 0.285714 3,721

279,813 Anglo American Plc Com USD 0.54945 3,559

85,038 Cie de Saint-Gobain Com EUR 4.00 3,442





iSHARES IV PLC

iShares Edge MSCI USA Momentum Factor UCITS ETF




Period from 17 October

2016 to 30 November

2016 $’000

Operating income 6


Total losses (21)






Adjustment to align to the valuation methodology as set out in the prospectus* -


* Amounts which are less than $500 are rounded to zero.






2016 to 30 November

2016 $’000



Share transactions:





iSHARES IV PLC






CURRENT ASSETS

Cash 2

Receivables 1,121



CURRENT LIABILITIES

Payables (1,134)

Total current liabilities excluding net assets attributable to redeemable participating shareholders (1,134)






iSHARES IV PLC






$'000



Equities

Bermuda

Semiconductors

409 Marvell Technology Group Ltd Com USD 0.002 6 0.24


Canada


161 Waste Connections Inc Com NPV 12 0.48


Ireland

Computers

193 Seagate Technology Plc Com USD 0.00001 8 0.32


Singapore

Electronics

364 Flex Ltd Com NPV 5 0.20

Semiconductors

258 Broadcom Ltd Com NPV 44 1.78


Switzerland

Electronics

82 Garmin Ltd Com CHF 10.00 4 0.16


United Kingdom

Insurance

156 Aon Plc Com USD 0.01 18 0.73


United States

Aerospace & defence

76 B/E Aerospace Inc Com USD 0.01 5 0.20

137 Lockheed Martin Corp Com USD 1.00 36 1.45

126 Northrop Grumman Corp Com USD 1.00 32 1.29

175 Raytheon Co Com USD 0.01 26 1.05

64 TransDigm Group Inc Com USD 0.01 16 0.65

Banks

490 Fifth Third Bancorp Com NPV 13 0.52

Beverages

106 Constellation Brands Inc Com USD 0.01 16 0.65


$'000



Beverages (cont)

100 Molson Coors Brewing Co Com USD 0.01 10 0.40

Biotechnology

72 Seattle Genetics Inc Com USD 0.001 5 0.20


33 Martin Marietta Materials Inc Com USD 0.01 7 0.29

65 Vulcan Materials Co Com USD 1.00 8 0.33

Chemicals

106 Albemarle Corp Com USD 0.01 9 0.36

Commercial services

65 Cintas Corp Com NPV 7 0.28

63 Equifax Inc Com USD 1.25 7 0.29

206 S&P Global Inc Com USD 1.00 25 1.01

80 Vantiv Inc Com USD 0.00001 5 0.20

Computers

179 Computer Sciences Corp Com USD 1.00 11 0.44

1,798 Hewlett Packard Enterprise Co Com USD 0.01 43 1.74

204 NetApp Inc Com USD 0.001 7 0.29

143 Synopsys Inc Com USD 0.01 9 0.36

Containers & packaging

71 Packaging Corp of America Com USD 0.01 6 0.24


1,505 Procter & Gamble Co Com NPV 124 5.01

Electricity

199 Alliant Energy Corp Com USD 0.01 7 0.29

128 Ameren Corp Com USD 0.01 6 0.25

21 American Electric Power Co Inc Com USD 6.50 1 0.05

145 CMS Energy Corp Com USD 0.01 6 0.24

20 Consolidated Edison Inc Com USD 0.10 2 0.08

111 DTE Energy Co Com NPV 10 0.40

193 Edison International Com NPV 13 0.52

18 Eversource Energy Com USD 5.00 1 0.04

357 NextEra Energy Inc Com USD 0.01 41 1.66

69 Pinnacle West Capital Corp Com NPV 5 0.20

90 Scana Corp Com NPV 6 0.24

510 Southern Co Com USD 5.00 24 0.97

155 WEC Energy Group Inc Com USD 0.01 9 0.36

141 Westar Energy Inc Com USD 5.00 8 0.32

289 Xcel Energy Inc Com USD 2.50 11 0.44

Electronics

252 Amphenol Corp Com USD 0.001 17 0.69

788 Corning Inc Com USD 0.50 19 0.77

22 Mettler-Toledo International Inc Com USD 0.01 9 0.36

iSHARES IV PLC






$'000


Equities (cont)



82 Jacobs Engineering Group Inc Com USD 1.00 5 0.20


213 Republic Services Inc Com USD 0.01 12 0.48

374 Waste Management Inc Com USD 0.01 26 1.05

Food

231 Conagra Brands Inc Com USD 5.00 9 0.36

21 General Mills Inc Com USD 0.10 1 0.04

72 Ingredion Inc Com USD 0.01 8 0.32

77 Lamb Weston Holdings Inc Com USD1.00 3 0.12

290 Sysco Corp Com USD 1.00 15 0.61

246 Tyson Foods Inc Com USD 0.10 14 0.57

157 WhiteWave Foods Co Com USD 0.01 9 0.36

Gas

56 Atmos Energy Corp Com NPV 4 0.16

258 CenterPoint Energy Inc Com USD 0.01 6 0.25

175 NiSource Inc Com USD 0.01 4 0.16

153 UGI Corp Com NPV 7 0.28

Gold mining

407 Newmont Mining Corp Com USD 1.60 13 0.53


579 UnitedHealth Group Inc Com USD 0.01 92 3.71

Healthcare products

351 Baxter International Inc Com USD 1.00 15 0.61

117 Becton Dickinson and Co Com USD 1.00 20 0.81

307 Danaher Corp Com USD 0.01 24 0.97

94 IDEXX Laboratories Inc Com USD 0.10 11 0.44

23 Intuitive Surgical Inc Com USD 0.001 15 0.61

210 Stryker Corp Com USD 0.10 24 0.97


Hotels

288 Las Vegas Sands Corp Com USD 0.001 18 0.73

Household products

28 Spectrum Brands Holdings Inc Com USD 0.01 3 0.12

Insurance

103 Cincinnati Financial Corp Com USD 2.00 8 0.32

194 Loews Corp Com USD 0.01 9 0.36

207 Principal Financial Group Inc Com USD 0.01 12 0.48

51 Reinsurance Group of America Inc Com USD 0.01 6 0.25

Internet

80 Alphabet Inc Com USD 0.001 62 2.51

80 Alphabet Inc Class 'C' Com USD 0.001 61 2.46

162 Amazon.com Inc Com USD 0.01 121 4.88


$'000



Internet (cont)

55 F5 Networks Inc Com NPV 8 0.32

1,054 Facebook Inc Com USD 0.000006 125 5.05

38 MercadoLibre Inc Com USD 0.001 6 0.24

784 Symantec Corp Com USD 0.01 19 0.77

104 Zillow Group Inc Com USD 0.0001 4 0.16


153 Xylem Inc Com USD 0.01 8 0.32

Media

133 Charter Communications Inc Com USD 0.001 36 1.45

69 Liberty Broadband Corp Class 'C' Com USD 0.01 5 0.21

Medical supplies

50 Align Technology Inc Com USD 0.0001 5 0.20


102 AO Smith Corp Com USD 1.00 5 0.20

221 Illinois Tool Works Inc Com USD 0.01 28 1.13


144 Church & Dwight Co Inc Com USD 1.00 6 0.24

Oil & gas

65 Continental Resources Inc Com USD 0.01 4 0.16

173 Parsley Energy Inc Com USD 0.01 6 0.24

Pharmaceuticals

1,071 Johnson & Johnson Com USD 1.00 119 4.80

Pipelines

153 Oneok Inc Com USD 0.01 8 0.33

753 Spectra Energy Corp Com USD 0.001 31 1.25



274 American Tower Corp Reits USD 0.01 28 1.13

99 Digital Realty Trust Inc Reits USD 0.01 9 0.37

313 Duke Realty Corp Reits USD 0.01 8 0.32


110 Liberty Property Trust Reits USD 0.001 4 0.16

407 Prologis Inc Reits USD 0.01 21 0.85

222 Ventas Inc Reits USD 0.25 13 0.52

Retail

64 Dick's Sporting Goods Inc Com USD 0.01 4 0.16

61 Domino's Pizza Inc Com USD 0.01 10 0.41

41 Ulta Salon Cosmetics & Fragrance Inc Com USD 0.01 11 0.44

Semiconductors

1,377 Applied Materials Inc Com USD 0.01 44 1.78

129 Lam Research Corp Com USD 0.001 14 0.57

246 Linear Technology Corp Com USD 0.001 15 0.61

174 Microchip Technology Inc Com USD 0.001 12 0.48

iSHARES IV PLC






$'000


Equities (cont)


Semiconductors (cont)

728 Micron Technology Inc Com USD 0.10 14 0.57

682 NVIDIA Corp Com USD 0.001 63 2.54


860 Texas Instruments Inc Com USD 1.00 64 2.57

Shipping

34 Huntington Ingalls Industries Inc Com USD 0.01 6 0.24

Software

435 Activision Blizzard Inc Com USD 0.000001 16 0.65

318 Adobe Systems Inc Com USD 0.0001 33 1.33

120 Akamai Technologies Inc Com USD 0.01 8 0.32

137 Autodesk Inc Com USD 0.01 10 0.40

2,045 Microsoft Corp Com USD 0.00000625 123 4.97

55 MSCI Inc Com USD 0.01 4 0.16

68 VMware Inc Com USD 0.01 5 0.20

Telecommunications

674 Sprint Corp Com USD 0.01 5 0.21

234 T-Mobile US Inc Com USD 0.0001 13 0.52

115 Zayo Group Holdings Com USD 0.001 4 0.16

Tobacco

38 Philip Morris International Inc Com NPV 3 0.13

478 Reynolds American Inc Com USD 0.0001 26 1.05

Water

125 American Water Works Co Inc Com USD 0.01 9 0.36




Cash† 2 0.08



Fair value

$'000


Adjustment to align to the valuation methodology as set out in the prospectus* - 0.00


† Substantially all cash positions are held with State Street Bank and Trust Company. * Amounts which are less than $500 are rounded to zero.







Analysis of total current assets gross of all liabilites (unaudited)

Fair value $'000

% of total

current assets

Transferable securities admitted to an official stock exchange listing or traded on a regulated market 2,488 68.90



iSHARES IV PLC







Sales Purchases

3,183 AT&T Inc Com USD 1.00 123 175 Amazon.com Inc Com USD 0.01 145

736 Home Depot Inc Com USD 0.05 95 1,054 Facebook Inc Com USD 0.000006 135

747 McDonald's Corp Com USD 0.01 89 1,080 Johnson & Johnson Com USD 1.00 128

868 Philip Morris International Inc Com NPV 77 3,183 AT&T Inc Com USD 1.00 125

1,093 Altria Group Inc Com USD 0.333 70 1,505 Procter & Gamble Co Com NPV 124

712 Visa Inc Com USD 0.0001 55 2,045 Microsoft Corp Com USD 0.00000625 123

372 Honeywell International Inc Com USD 1.00 42 736 Home Depot Inc Com USD 0.05 93

310 Accenture Plc Com USD 0.0000225 37 906 Philip Morris International Inc Com NPV 87

206 Thermo Fisher Scientific Inc Com USD 1.00 29 747 McDonald's Corp Com USD 0.01 86

321 Marsh & McLennan Cos Inc Com USD 1.00 22 1,210 QUALCOMM Inc Com USD 0.0001 82

93 Public Storage Reits USD 0.10 19 579 UnitedHealth Group Inc Com USD 0.01 79

512 Exelon Corp Com NPV 17 90 Alphabet Inc Class C Com USD 0.001 70

198 Edwards Lifesciences Corp Com USD 1.00 16 1,093 Altria Group Inc Com USD 0.333 69

781 Boston Scientific Corp Com USD 0.01 16 82 Alphabet Inc Com USD 0.001 66

256 General Mills Inc Com USD 0.10 16 860 Texas Instruments Inc Com USD 1.00 64

239 American Electric Power Co Inc Com USD 6.50 14 712 Visa Inc Com USD 0.0001 58

182 Consolidated Edison Inc Com USD 0.10 13 682 Nvidia Corp Com USD 0.001 52

374 PPL Corp Com USD 0.01 13 1,377 Applied Materials Inc Com USD 0.01 44

159 Dollar General Corp Com USD 0.875 12 357 NextEra Energy Inc Com USD 0.01 44

170 Kellogg Co Com USD 0.25 12 258 Broadcom Ltd Com NPV 44

114 Fiserv Inc Com USD 0.01 12 1,798 Hewlett Packard Enterprise Co Com USD 0.01 43

146 Estee Lauder Cos Inc Com USD 0.01 11 372 Honeywell International Inc Com USD 1.00 40

145 Charter Communications Inc Com USD 0.001 37

310 Accenture Plc Com USD 0.0000225 37





iSHARES IV PLC

iShares Edge MSCI USA Multifactor UCITS ETF





2016 $’000


2015 to 30 November

2015 $’000


Net gains on financial assets/liabilities at fair value through profit or loss 396 270

Total gains 472 294



Net profit for the financial period before tax 460 290


Net profit for the financial period after tax 450 287

Adjustment to align to the valuation methodology as set out in the prospectus* (2) -








2016 $’000


2015 to 30 November

2015 $’000



Share transactions:






iSHARES IV PLC






31 May 2016 $’000

CURRENT ASSETS

Cash 97 4

Margin cash account 6 -




CURRENT LIABILITIES

Payables (6,766) (1,587)




Adjustment to align to the valuation methodology as set out in the prospectus* - 2




iSHARES IV PLC






$'000



Equities (31 May 2016: 99.90%)

Bermuda (31 May 2016: 1.38%)

Agriculture

2,362 Bunge Ltd Com USD 0.01 161 0.47

Insurance

2,168 Arch Capital Group Ltd Com USD 0.01 179 0.53

1,812 Axis Capital Holdings Ltd Com USD 0.0125 111 0.32

4,943 XL Group Ltd Com USD 0.01 179 0.53

Semiconductors

7,535 Marvell Technology Group Ltd Com USD 0.002 108 0.32


Ireland (31 May 2016: 3.29%)

Computers

6,690 Accenture Plc Com USD 0.0000225 799 2.35

4,898 Seagate Technology Plc Com USD 0.00001 197 0.58


Jersey (31 May 2016: 0.99%)


Chemicals

5,989 LyondellBasell Industries NV Com EUR 0.04 541 1.59


Oil & gas services

745 Core Laboratories NV Com EUR 0.02 83 0.25



Electronics

9,145 Flex Ltd Com NPV 130 0.39



Electronics

6,025 TE Connectivity Ltd Com CHF 0.57 408 1.20




Advertising

3,949 Omnicom Group Inc Com USD 0.15 343 1.01

Aerospace & defence

2,098 Harris Corp Com USD 1.00 217 0.64


$'000



Aerospace & defence (cont)

1,300 L-3 Communications Holdings Inc Com USD 0.01 205 0.61

2,419 Northrop Grumman Corp Com USD 1.00 605 1.78

Agriculture

9,881 Archer-Daniels-Midland Co Com NPV 427 1.26

Airlines

2,203 American Airlines Group Inc Com USD 1.00 102 0.30

2,701 Southwest Airlines Co Com USD 1.00 126 0.37

1,375 United Continental Holdings Inc Com USD 0.01 95 0.28

Auto manufacturers

22,743 General Motors Co Com USD 0.01 786 2.32


1,465 Autoliv Inc Com USD 1.00 152 0.45

4,380 Goodyear Tire & Rubber Co Com NPV 134 0.39

1,202 Lear Corp Com USD 0.01 156 0.46

Banks

8,653 Citizens Financial Group Inc Com USD 0.01 290 0.85

Beverages

3,040 Dr Pepper Snapple Group Inc Com USD 0.01 263 0.77

Biotechnology

9,455 Gilead Sciences Inc Com USD 0.001 697 2.05

731 United Therapeutics Corp Com USD 0.01 92 0.27

Chemicals

2,493 Celanese Corp Com USD 0.0001 198 0.58

2,408 Eastman Chemical Co Com USD 0.01 181 0.53

1,339 International Flavors & Fragrances Inc Com USD 0.125 162 0.48

Commercial services

1,176 ManpowerGroup Inc Com USD 0.01 101 0.29


8,375 Western Union Co Com USD 0.01 176 0.52

Computers

3,001 Apple Inc Com USD 0.00001 331 0.98

2,379 Computer Sciences Corp Com USD 1.00 144 0.42



2,527 Synopsys Inc Com USD 0.01 153 0.45


1,582 Packaging Corp of America Com USD 0.01 134 0.39

4,222 WestRock Co Com USD 0.01 216 0.64

iSHARES IV PLC






$'000





1,897 Eaton Vance Corp Com USD 0.00390625 77 0.23

4,092 FNF Group Com USD 0.0001 130 0.38

2,101 Raymond James Financial Inc Com USD 0.01 151 0.44

Electricity

3,960 Ameren Corp Com USD 0.01 194 0.57

4,969 Consolidated Edison Inc Com USD 0.10 347 1.02

5,278 Edison International Com NPV 363 1.07

2,976 Entergy Corp Com USD 0.01 205 0.60

15,610 Exelon Corp Com NPV 508 1.50

298 FirstEnergy Corp Com USD 0.10 9 0.03

3,296 OGE Energy Corp Com USD 0.01 104 0.31

1,937 Pinnacle West Capital Corp Com NPV 143 0.42

8,576 Public Service Enterprise Group Inc Com NPV 354 1.04

2,349 Scana Corp Com NPV 166 0.49

Electronics

5,387 Agilent Technologies Inc Com USD 0.01 237 0.70

1,549 Arrow Electronics Inc Com USD 1.00 106 0.31

2,197 Avnet Inc Com USD 1.00 101 0.30

17,664 Corning Inc Com USD 0.50 424 1.25

2,286 FLIR Systems Inc Com USD 0.01 82 0.24


1,376 Waters Corp Com USD 0.01 185 0.55


2,356 Fluor Corp Com USD 0.01 126 0.37

2,029 Jacobs Engineering Group Inc Com USD 1.00 126 0.37

Food

3,357 Campbell Soup Co Com USD 0.0375 191 0.56

4,829 Hormel Foods Corp Com USD 0.01465 165 0.49

1,252 Ingredion Inc Com USD 0.01 147 0.43

1,967 JM Smucker Co Com NPV 248 0.73

1,048 McCormick & Co Inc Com NPV 96 0.28

5,074 Tyson Foods Inc Com USD 0.10 288 0.85

Gas

1,723 Atmos Energy Corp Com NPV 123 0.36

2,878 UGI Corp Com NPV 129 0.38

Gold mining

9,021 Newmont Mining Corp Com USD 1.60 293 0.86


5,788 Aetna Inc Com USD 0.01 757 2.23

4,343 Anthem Inc Com USD 0.01 619 1.83

4,235 Cigna Corp Com USD 0.25 571 1.68

1,567 Mednax Inc Com USD 0.01 103 0.30

2,366 Quest Diagnostics Inc Com USD 0.01 207 0.61


$'000



Health care services (cont)

1,488 Universal Health Services Inc Com USD 0.01 183 0.54

Healthcare products

1,205 Align Technology Inc Com USD 0.0001 112 0.33

3,606 Edwards Lifesciences Corp Com USD 1.00 299 0.88

2,328 ResMed Inc Com USD 0.004 143 0.42

737 Teleflex Inc Com USD 1.00 109 0.32

1,620 Varian Medical Systems Inc Com USD 1.00 145 0.43

Household goods & home construction

1,494 Avery Dennison Corp Com USD 1.00 108 0.32

Household products

6,080 Kimberly-Clark Corp Com USD 1.25 702 2.07

Insurance

6,851 Aflac Inc Com USD 0.10 489 1.44

40 Alleghany Corp Com USD 1.00 23 0.07

1,006 Assurant Inc Com USD 0.01 87 0.26

2,735 Cincinnati Financial Corp Com USD 2.00 210 0.62

3,925 Lincoln National Corp Com NPV 252 0.74

4,824 Loews Corp Com USD 0.01 215 0.63

248 Markel Corp Com NPV 223 0.66

11,520 MetLife Inc Com USD 0.01 633 1.86

4,776 Principal Financial Group Inc Com USD 0.01 275 0.81

1,205 Reinsurance Group of America Inc Com USD 0.01 147 0.43

1,973 Torchmark Corp Com USD 1.00 138 0.41

4,044 Unum Group Com USD 0.10 171 0.50

1,872 WR Berkley Corp Com USD 0.20 116 0.34

Internet


Iron & steel

5,194 Nucor Corp Com USD 0.40 323 0.95


1,117 AGCO Corp Com USD 0.01 62 0.18

2,326 Cummins Inc Com USD 2.50 330 0.97


Marine transportation


Media

6,299 News Corp Com USD 0.01 73 0.22


2,550 AO Smith Corp Com USD 1.00 124 0.37

Office & business equipment

14,051 Xerox Corp Com USD 1.00 131 0.39

iSHARES IV PLC






$'000




Oil & gas

1,809 Helmerich & Payne Inc Com USD 0.10 137 0.40

2,319 Marathon Petroleum Corp Com USD 0.01 109 0.32

7,775 Phillips 66 Com USD 0.01 646 1.90

1,981 Tesoro Corp Com USD 0.167 161 0.48

7,738 Valero Energy Corp Com USD 0.01 477 1.41

Pharmaceuticals

5,354 Cardinal Health Inc Com NPV 380 1.12


796 Jones Lang LaSalle Inc Com USD 0.01 81 0.24


7,916 HCP Inc Reits USD 1.00 234 0.69

2,463 Liberty Property Trust Reits USD 0.001 97 0.29

1,926 Mid-America Apartment Communities Inc Reits USD 0.01 176 0.52

2,486 National Retail Properties Inc Reits USD 0.01 106 0.31

2,500 Public Storage Reits USD 0.10 523 1.54

4,357 Realty Income Corp Reits USD 1.00 242 0.71

5,942 Ventas Inc Reits USD 0.25 359 1.06

15,953 VEREIT Inc Reits USD 0.01 132 0.39

12,674 Weyerhaeuser Co Reits USD 1.25 391 1.15

Retail

4,752 Best Buy Co Inc Com USD 0.10 217 0.64

1,513 Dick's Sporting Goods Inc Com USD 0.01 89 0.26

2,269 Foot Locker Inc Com USD 0.01 163 0.48

2,460 Genuine Parts Co Com USD 1.00 237 0.70

6,665 Ross Stores Inc Com USD 0.01 450 1.32

11,165 Staples Inc Com USD 0.0006 108 0.32

Semiconductors

8,102 NVIDIA Corp Com USD 0.001 747 2.20

2,154 Qorvo Inc Com USD 0.0001 115 0.34

Software

2,015 Broadridge Financial Solutions Inc Com USD 0.01 130 0.38

5,335 CA Inc Com USD 0.10 171 0.50


2,328 Intuit Inc Com USD 0.01 265 0.78


5,361 Paychex Inc Com USD 0.01 316 0.93

Telecommunications

28,191 AT&T Inc Com USD 1.00 1,089 3.21

9,239 CenturyLink Inc Com USD 1.00 217 0.64

13,428 Sprint Corp Com USD 0.01 105 0.31

Trucking

121 Amerco Com USD 0.25 41 0.12



No. of contracts

Underlying exposure

$'000 Fair value

$'000


Financial derivative instruments (31 May 2016:Nil)

Futures contracts (31 May 2016: Nil)

1 S&P 500 E Mini Index Futures December 2016 110 (1) 0.00

Total unrealised losses on futures contracts (1) 0.00

Total financial derivative instruments (1) 0.00

Fair value

$'000



Cash† 103 0.30





† Cash holdings of $96,588 are held with State Street Bank and Trust Company. $6,447 is held as security for futures contracts with CitiBank. *Amounts which are less than $500 are rounded to zero.








Fair value $'000





iSHARES IV PLC







Sales Purchases

13,856 American International Group Inc Com USD 2.50 867 28,396 AT&T Inc Com USD 1.00 1,114

10,990 TJX Cos Inc Com USD 1.00 856 26,460 General Motors Co Com USD 0.01 879

5,728 Travelers Cos Inc Com NPV 650 10,290 NVIDIA Corp Com USD 0.001 819

2,866 Humana Inc Com USD 0.166 597 9,060 Phillips 66 USD 0.01 752

1,867 O'Reilly Automotive Inc Com USD 0.01 511 6,168 Accenture Plc Com USD 0.0000225 737

11,574 Progressive Corp Com USD 1.00 383 33,030 Hewlett Packard Enterprise Co Com USD 0.01 724

7,658 Hartford Financial Services Group Inc Com 0.01 357 6,080 Kimberly-Clark Corp Com USD 1.25 703

7,817 Marathon Petroleum Corp Com USD 0.01 354 10,845 American International Group Inc Com USD 2.50 689

5,331 Delphi Automotive Plc Com USD 0.01 345 8,995 Gilead Sciences Inc Com USD 0.001 682

2,337 Intuit Inc Com USD 0.01 263 5,318 Aetna Inc Com USD 0.01 671

7,816 FirstEnergy Corp Com USD 0.10 247 8,347 TJX Cos Inc Com USD 1.00 653

1,539 Henry Schein Inc Com USD 0.01 234 2,623 Northrop Grumman Corp Com USD 1.00 636

922 Northrop Grumman Corp Com USD 1.00 213 10,559 MetLife Inc Com USD 0.01 566

3,659 Kohl's Corp Com USD 0.01 189 3,993 Anthem Inc Com USD 0.01 561

1,593 Apple Inc Com USD 0.00001 173 3,891 Cigna Corp Com USD 0.25 529

4,298 AT&T Inc Com USD 1.00 172 4,665 Intuit Inc Com USD 0.01 526

3,612 Delta Air Lines Inc Com USD 0.0001 170 2,500 Public Storage Reits USD 0.10 523

2,188 NVIDIA Corp Com USD 0.001 152 4,440 Travelers Cos Inc Com NPV 505

1,232 Accenture Plc Com USD 0.0000225 149 14,358 Exelon Corp Com NPV 469

2,240 Nasdaq Inc Com USD 0.01 144 5,489 LyondellBasell Industries NV Com EUR 0.04 466

2,571 Nordstrom Inc Com NPV 140 2,250 Humana Inc Com USD 0.166 453

959 UnitedHealth Group Inc Com USD 0.01 136 6,280 Aflac Inc Com USD 0.10 450

7,098 Valero Energy Corp Com USD 0.01 448

6,114 Ross Stores Inc Com USD 0.01 415

3,597 Apple Inc Com USD 0.00001 403

1,452 O'Reilly Automotive Inc Com USD 0.01 402

4,595 Omnicom Group Inc Com USD 0.15 398





iSHARES IV PLC

iShares Edge MSCI USA Quality Factor UCITS ETF





2016 to 30 November

2016 $’000

Operating income 10


Total gains 60














2016 to 30 November

2016 $’000



Share transactions:





iSHARES IV PLC






CURRENT ASSETS

Cash 2

Receivables 405



CURRENT LIABILITIES

Payables (400)







iSHARES IV PLC






$'000



Equities

Bermuda

Insurance

85 Arch Capital Group Ltd Com USD 0.01 7 0.27


British Virgin Islands

Apparel retailers

87 Michael Kors Holdings Ltd Com NPV 4 0.16

Total British Virgin Islands 4 0.16

Curacao

Oil & gas services

314 Schlumberger Ltd Com USD 0.01 26 1.02

Total Curacao 26 1.02

Ireland

Computers

363 Accenture Plc Com USD 0.0000225 43 1.68


Jersey


120 Delphi Automotive Plc Com USD 0.01 8 0.31

Total Jersey 8 0.31

Netherlands

Chemicals

295 LyondellBasell Industries NV Com EUR 0.04 27 1.06

Oil & gas services



Switzerland

Electronics

132 TE Connectivity Ltd Com CHF 0.57 9 0.35


United Kingdom

Insurance

199 Aon Plc Com USD 0.01 23 0.90


United States

Advertising

100 Omnicom Group Inc Com USD 0.15 9 0.34


$'000



Aerospace & defence

471 Boeing Co Com USD 5.00 71 2.78

134 General Dynamics Corp Com USD 1.00 23 0.90


64 Rockwell Collins Inc Com USD 0.01 6 0.24

Airlines

80 Southwest Airlines Co Com USD 1.00 4 0.16

Apparel retailers

621 Nike Inc Com USD 1.00 31 1.22

128 VF Corp Com NPV 7 0.27

Beverages

406 Brown-Forman Corp Com USD 0.15 18 0.71

244 Dr Pepper Snapple Group Inc Com USD 0.01 21 0.82

Biotechnology


914 Gilead Sciences Inc Com USD 0.001 67 2.63


Chemicals

103 Air Products & Chemicals Inc Com USD 1.00 15 0.59

42 International Flavors & Fragrances Inc Com USD 0.125 5 0.20

138 PPG Industries Inc Com USD 1.67 13 0.51

55 Sherwin-Williams Co Com USD 1.00 15 0.58

Commercial services

190 Automatic Data Processing Inc Com USD 0.10 19 0.74

93 Robert Half International Inc Com USD 0.001 4 0.16

248 Western Union Co Com USD 0.01 5 0.20

Computers

952 Apple Inc Com USD 0.00001 105 4.11

379 International Business Machines Corp Com USD 0.20 62 2.43


330 Estee Lauder Cos Inc Com USD 0.01 26 1.02


169 Fastenal Co Com USD 0.01 8 0.32

30 WW Grainger Inc Com USD 0.50 7 0.27


82 BlackRock Inc Com USD 0.01* 30 1.18

818 Charles Schwab Corp Com USD 0.01 32 1.24

90 Eaton Vance Corp Com USD 0.00390625 4 0.16

259 Franklin Resources Inc Com USD 0.10 10 0.39

583 Mastercard Inc Com USD 0.0001 60 2.35


111 SEI Investments Co Com USD 0.01 5 0.20

iSHARES IV PLC






$'000


Equities (cont)


Diversified financial services (cont)

217 T Rowe Price Group Inc Com USD 0.20 16 0.63

200 TD Ameritrade Holding Corp Com USD 0.01 8 0.31

668 Visa Inc Com USD 0.0001 52 2.04

Electricity



Electronics

239 Fortive Corp Com USD 0.01 13 0.51


33 Waters Corp Com USD 0.01 5 0.20

Food

259 Campbell Soup Co Com USD 0.0375 15 0.59

242 Hershey Co Com USD 1.00 23 0.90

375 Hormel Foods Corp Com USD 0.01465 13 0.51

Healthcare products

36 Align Technology Inc Com USD 0.0001 3 0.12


36 Henry Schein Inc Com USD 0.01 6 0.24

64 ResMed Inc Com USD 0.004 4 0.15


Home furnishings

50 Leggett & Platt Inc Com USD 0.01 2 0.08


48 Avery Dennison Corp Com USD 1.00 3 0.12

Household products

1,031 Kimberly-Clark Corp Com USD 1.25 119 4.66

Insurance

256 Aflac Inc Com USD 0.10 18 0.71

758 Berkshire Hathaway Inc Com USD 0.0033 119 4.66

414 Marsh & McLennan Cos Inc Com USD 1.00 29 1.14


375 Progressive Corp Com USD 1.00 13 0.51


174 Travelers Cos Inc Com NPV 20 0.78

Internet



19 Priceline Group Inc Com USD 0.008 28 1.10

Leisure time



$'000




77 Rockwell Automation Inc Com USD 1.00 10 0.39


388 3M Co Com USD 0.01 67 2.63

Oil & gas

418 Chevron Corp Com USD 0.75 46 1.80

778 Exxon Mobil Corp Com NPV 68 2.66

27 Helmerich & Payne Inc Com USD 0.10 2 0.08

124 Marathon Petroleum Corp Com USD 0.01 6 0.24

130 Phillips 66 Com USD 0.01 11 0.43

35 Tesoro Corp Com USD 0.167 3 0.12

126 Valero Energy Corp Com USD 0.01 8 0.31

114 Baker Hughes Inc Com USD 1.00 7 0.27

Oil & gas services

66 FMC Technologies Inc Com USD 0.01 2 0.08

91 National Oilwell Varco Inc Com USD 0.01 4 0.16

Pharmaceuticals

784 Bristol-Myers Squibb Co Com USD 0.10 44 1.72

1,135 Johnson & Johnson Com USD 1.00 127 4.98

106 McKesson Corp Com USD 0.01 15 0.59


172 CBRE Group Inc Com USD 0.01 5 0.19



41 Federal Realty Investment Trust Reits USD 0.01 6 0.24


239 Kimco Realty Corp Reits USD 0.01 6 0.24


91 National Retail Properties Inc Reits USD 0.01 4 0.15

135 Public Storage Reits USD 0.10 28 1.10

142 Realty Income Corp Reits USD 1.00 8 0.31

56 Regency Centers Corp Reits USD 0.01 4 0.16

Restaurants & bars

810 Starbucks Corp Com USD 0.001 47 1.84

Retail

64 Bed Bath & Beyond Inc Com USD 0.01 3 0.11


51 Foot Locker Inc Com USD 0.01 4 0.16

96 Gap Inc Com USD 0.05 2 0.08

56 Genuine Parts Co Com USD 1.00 5 0.20

473 Home Depot Inc Com USD 0.05 61 2.39

44 Lululemon Athletica Inc Com USD 0.005 3 0.12

323 McDonald's Corp Com USD 0.01 39 1.53

iSHARES IV PLC






$'000


Equities (cont)


Retail (cont)

56 O'Reilly Automotive Inc Com USD 0.01 15 0.59

214 Ross Stores Inc Com USD 0.01 15 0.59

388 TJX Cos Inc Com USD 1.00 30 1.18



Semiconductors


72 Skyworks Solutions Inc Com USD 0.25 6 0.23


Software

43 Broadridge Financial Solutions Inc Com USD 0.01 3 0.12

48 CDK Global Inc Com USD 0.01 3 0.12

146 Cerner Corp Com USD 0.01 7 0.27

135 Intuit Inc Com USD 0.01 15 0.59


76 MSCI Inc Com USD 0.01 6 0.24

158 Paychex Inc Com USD 0.01 9 0.35

Telecommunications

1,602 AT&T Inc Com USD 1.00 62 2.43

148 CenturyLink Inc Com USD 1.00 3 0.12

Transportation

91 CH Robinson Worldwide Inc Com USD 0.10 7 0.26

103 Expeditors International of Washington Inc Com USD 0.01 5 0.20

48 JB Hunt Transport Services Inc Com USD 0.01 5 0.20




Cash† 2 0.08



Fair value

$'000


Adjustment to align to the valuation methodology as set out in the prospectus** - 0.00


† Substantially all cash positions are held with State Street Bank and Trust Company. * Investment in related party. ** Amounts which are less than $500 are rounded to zero.




Fair value $'000

% of total

current assets




iSHARES IV PLC







Sales Purchases

1,144 PepsiCo Inc Com USD 0.017 115 1,280 Johnson & Johnson Com USD 1.00 151

307 Costco Wholesale Corp Com USD 0.005 46 1,046 Apple Inc Com USD 0.00001 122

477 Eli Lilly & Co Com NPV 32 1,144 PepsiCo Inc Com USD 0.017 121

248 Chubb Ltd Com CHF 24.15 32 1,031 Kimberly-Clark Corp Com USD 1.25 119

209 Monsanto Co Com USD 0.01 21 1,970 Microsoft Corp Com USD 0.00000625 112

317 Emerson Electric Co Com USD 0.50 18 758 Berkshire Hathaway Inc Com USD 0.0033 110

145 Johnson & Johnson Com USD 1.00 16 970 Gilead Sciences Inc Com USD 0.001 71

232 Microsoft Corp Com USD 0.00000625 14 778 Exxon Mobil Corp Com NPV 67

94 Apple Inc Com USD 0.00001 10 388 3M Co Com USD 0.01 66

87 Ameriprise Financial Inc Com USD 0.01 10 481 Boeing Co Com USD 5.00 64

128 Lincoln National Corp Com NPV 8 1,602 AT&T Inc Com USD 1.00 63

235 Whole Foods Market Inc Com NPV 7 473 Home Depot Inc Com USD 0.05 60

213 Invesco Ltd Com USD 0.20 7 583 Mastercard Inc Com USD 0.0001 59

17 Biogen Inc Com USD 0.0005 5 379 International Business Machines Corp Com USD 0.20 58

32 Affiliated Managers Group Inc Com USD 0.01 5 709 Visa Inc Com USD 0.0001 58

11 Chipotle Mexican Grill Inc Com USD 0.01 4 1,404 Public Service Enterprise Group Inc Com NPV 58

65 Nasdaq Inc Com USD 0.01 4 307 Costco Wholesale Corp Com USD 0.005 46

56 Gilead Sciences Inc Com USD 0.001 4 375 Accenture Plc Com USD 0.0000225 44

55 WR Berkley Corp Com USD 0.20 3 784 Bristol-Myers Squibb Co Com USD 0.10 44

41 Visa Inc Com USD 0.0001 3 149 Biogen Inc Com USD 0.0005 44

435 Chevron Corp Com USD 0.75 44

810 Starbucks Corp Com USD 0.001 43

477 Eli Lilly & Co Com NPV 38

323 McDonald's Corp Com USD 0.01 37

621 Nike Inc Com USD 1.00 32

248 Chubb Ltd Com CHF 24.15 31





iSHARES IV PLC

iShares Edge MSCI USA Size Factor UCITS ETF





2016 to 30 November

2016 $’000

Operating income 7


Total gains 109














2016 to 30 November

2016 $’000



Share transactions:





iSHARES IV PLC






CURRENT ASSETS

Cash 12

Receivables 4



CURRENT LIABILITIES

Payables* -

Total current liabilities excluding net assets attributable to redeemable participating shareholders -






iSHARES IV PLC






$'000



Equities

Bermuda

Agriculture

242 Bunge Ltd Com USD 0.01 17 0.32

Chemicals

818 Axalta Coating Systems Ltd Com USD 1.00 22 0.41

Commercial services

666 IHS Markit Ltd Com USD 0.01 24 0.46


522 Invesco Ltd Com USD 0.20 16 0.31

Insurance

208 Arch Capital Group Ltd Com USD 0.01 17 0.33

272 Axis Capital Holdings Ltd Com USD 0.0125 17 0.32

420 XL Group Ltd Com USD 0.01 15 0.29

Leisure time

322 Norwegian Cruise Line Holdings Ltd Com USD 0.001 13 0.25

Retail

136 Signet Jewelers Ltd Com USD 0.18 12 0.23

Semiconductors



British Virgin Islands

Apparel retailers

360 Michael Kors Holdings Ltd Com NPV 17 0.32


Canada


310 Waste Connections Inc Com NPV 24 0.46


Ireland

Computers

744 Seagate Technology Plc Com USD 0.00001 30 0.57


256 Pentair Plc Com USD 0.01 15 0.28

Oil & gas services

2,970 Weatherford International Plc Com USD 0.001 15 0.29

Pharmaceuticals

382 Alkermes Plc Com USD 0.01 22 0.42

1,014 Endo International Plc Com USD 0.0001 16 0.31

100 Jazz Pharmaceuticals Plc Com USD 0.0001 10 0.19

246 Mallinckrodt Plc Com USD 0.20 13 0.25



$'000


Liberia

Leisure time

192 Royal Caribbean Cruises Ltd Com USD 0.01 16 0.31


Netherlands

Electronics

434 Sensata Technologies Holding NV Com EUR 0.01 16 0.30

Oil & gas services



Singapore

Electronics



Switzerland

Electronics

374 Garmin Ltd Com CHF 10.00 19 0.36


United Kingdom

Commercial services

290 Nielsen Holdings Plc Com EUR 0.07 12 0.24

Media

424 Liberty Global Plc LiLac Misc USD 0.01 9 0.17


United States

Advertising

634 Interpublic Group of Cos Inc Com USD 0.10 15 0.29

Aerospace & defence

548 Arconic Inc COM USD 1.00 10 0.19

320 B/E Aerospace Inc Com USD 0.01 19 0.36

194 Harris Corp Com USD 1.00 20 0.38

112 L-3 Communications Holdings Inc Com USD 0.01 18 0.34

168 Rockwell Collins Inc Com USD 0.01 16 0.31


Apparel retailers

534 Hanesbrands Inc Com USD 0.01 12 0.23

416 Kohl's Corp Com USD 0.01 22 0.42

164 Ralph Lauren Corp Com USD 0.01 17 0.33

210 Under Armour Inc Class ‘C’ Com USD 0.000333 6 0.11

210 Under Armour Inc Com USD 0.000333 7 0.13


52 Autoliv Inc Com USD 1.00 6 0.11

460 BorgWarner Inc Com USD 0.01 16 0.31

550 Goodyear Tire & Rubber Co Com NPV 17 0.32

iSHARES IV PLC






$'000


Equities (cont)


Banks

134 Lear Corp Com USD 0.01 17 0.33

148 Wabco Holdings Inc Com USD 0.01 15 0.29

658 Citizens Financial Group Inc Com USD 0.01 22 0.42

338 Comerica Inc Com USD 5.00 21 0.40

810 Fifth Third Bancorp Com NPV 21 0.40

216 First Republic Bank Com USD 0.01 18 0.34

1,994 Huntington Bancshares Inc Com USD 0.01 25 0.48

1,562 KeyCorp Com USD 1.00 27 0.52

998 New York Community Bancorp Inc Com USD 0.01 16 0.31

1,552 Regions Financial Corp Com USD 0.01 21 0.40

120 Signature Bank Com USD 0.01 18 0.34

Beverages

162 Dr Pepper Snapple Group Inc Com USD 0.01 14 0.26

154 Molson Coors Brewing Co Com USD 0.01 15 0.29

Biotechnology

280 Alnylam Pharmaceuticals Inc Com USD 0.01 12 0.23

178 BioMarin Pharmaceutical Inc Com USD 0.001 15 0.29

196 Incyte Corp Com USD 0.001 20 0.38



256 Fortune Brands Home & Security Inc Com USD 0.01 14 0.27


476 Masco Corp Com USD 1.00 15 0.29


Chemicals

198 Albemarle Corp Com USD 0.01 17 0.32

132 Ashland Global Holdings Inc COM USD 0.01 15 0.29

214 Celanese Corp Com USD 0.0001 17 0.32

512 CF Industries Holdings Inc Com USD 0.01 15 0.29

206 Eastman Chemical Co Com USD 0.01 16 0.31

328 FMC Corp Com USD 0.10 18 0.34


578 Mosaic Co Com USD 0.01 17 0.32

140 Valspar Corp Com USD 0.50 14 0.27

198 WR Grace & Co Com USD 0.01 13 0.25

Commercial services

466 Aramark Com USD 0.01 16 0.31

162 Cintas Corp Com NPV 18 0.34


94 FleetCor Technologies Inc Com USD 0.001 14 0.27

152 Gartner Inc Com USD 0.0005 16 0.30

200 Global Payments Inc Com NPV 14 0.26

704 H&R Block Inc Com NPV 16 0.30

192 ManpowerGroup Inc Com USD 0.01 16 0.31


540 Sabre Corp Com USD 0.01 14 0.27

282 Total System Services Inc Com USD 0.10 14 0.27


$'000




226 United Rentals Inc Com USD 0.01 23 0.44

282 Vantiv Inc Com USD 0.00001 16 0.30

196 Verisk Analytics Inc Com USD 0.001 16 0.31

772 Western Union Co Com USD 0.01 16 0.31

Computers

624 Cadence Design Systems Inc Com USD 0.01 16 0.31

632 NetApp Inc Com USD 0.001 23 0.44

308 Synopsys Inc Com USD 0.01 19 0.36

390 Western Digital Corp Com USD 0.01 25 0.48


256 Ball Corp Com NPV 19 0.36

288 Crown Holdings Inc Com USD 5.00 15 0.29

232 Packaging Corp of America Com USD 0.01 20 0.38

322 Sealed Air Corp Com USD 0.10 15 0.29

404 WestRock Co Com USD 0.01 21 0.40


194 Edgewell Personal Care Co Com USD 0.01 15 0.29


336 Fastenal Co Com USD 0.01 16 0.31

476 LKQ Corp Com USD 0.01 16 0.30




72 Alliance Data Systems Corp Com USD 0.01 17 0.32

902 Ally Financial Inc Com USD 0.10 18 0.34

470 CIT Group Inc Com USD 0.01 19 0.36

558 E*Trade Financial Corp Com USD 0.01 19 0.37

424 Eaton Vance Corp Com USD 0.00390625 17 0.32

456 FNF Group Com USD 0.0001 15 0.29

238 Nasdaq Inc Com USD 0.01 15 0.29

1,160 Navient Corp Com USD 0.01 20 0.38


302 SEI Investments Co Com USD 0.01 14 0.27


60 Acuity Brands Inc Com USD 0.01 15 0.29

316 AMETEK Inc Com USD 0.01 15 0.28

Electricity

1,388 AES Corp Com USD 0.01 16 0.31

418 Alliant Energy Corp Com USD 0.01 15 0.29

322 Ameren Corp Com USD 0.01 16 0.30

1,034 Calpine Corp Com USD 0.001 12 0.22

374 CMS Energy Corp Com USD 0.01 15 0.29

156 DTE Energy Co Com NPV 15 0.29


966 NRG Energy Inc Com USD 0.01 11 0.21

494 OGE Energy Corp Com USD 0.01 16 0.30


220 Scana Corp Com NPV 15 0.29

258 WEC Energy Group Inc Com USD 0.01 14 0.27

288 Westar Energy Inc Com USD 5.00 16 0.31

iSHARES IV PLC






$'000


Equities (cont)


Electronics

270 Amphenol Corp Com USD 0.001 18 0.35

246 Arrow Electronics Inc Com USD 1.00 17 0.32

376 Avnet Inc Com USD 1.00 17 0.33

502 FLIR Systems Inc Com USD 0.01 18 0.34


638 Trimble Inc Com NPV 18 0.34



304 Fluor Corp Com USD 0.01 16 0.31

304 Jacobs Engineering Group Inc Com USD 1.00 19 0.35

154 SBA Communications Corp Com USD 0.01 15 0.29


154 Stericycle Inc Com USD 0.01 11 0.21

Food


118 JM Smucker Co Com NPV 15 0.29

156 McCormick & Co Inc Com NPV 14 0.27

342 WhiteWave Foods Co Com USD 0.01 19 0.36

480 Whole Foods Market Inc Com NPV 14 0.27

Gas

210 Atmos Energy Corp Com NPV 15 0.29


638 NiSource Inc Com USD 0.01 14 0.27

354 UGI Corp Com NPV 16 0.30

Gold mining

440 Newmont Mining Corp Com USD 1.60 14 0.27


94 Snap-on Inc Com USD 1.00 16 0.31


266 Centene Corp Com USD 0.001 15 0.29

190 DaVita Inc Com USD 0.001 12 0.23

656 Envision Healthcare Holdings Inc Com USD 0.01 15 0.29


220 Mednax Inc Com USD 0.01 15 0.29



Healthcare products


68 CR Bard Inc Com USD 0.25 14 0.27

240 Dentsply Sirona Inc Com USD 0.01 14 0.27


442 Hologic Inc Com USD 0.01 17 0.32


330 Patterson Cos Inc Com USD 0.01 13 0.24




$'000




840 Leucadia National Corp Com USD 1.00 19 0.36

Home builders

512 DR Horton Inc Com USD 0.01 14 0.27

350 Lennar Corp Com USD 0.10 15 0.29

832 PulteGroup Inc Com USD 0.01 16 0.30

552 Toll Brothers Inc Com USD 0.01 16 0.31

Home furnishings

206 Harman International Industries Inc Com USD 0.01 22 0.42

306 Leggett & Platt Inc Com USD 0.01 15 0.28

78 Whirlpool Corp Com USD 1.00 13 0.25

Hotels

694 MGM Resorts International Com USD 0.01 20 0.38

222 Wyndham Worldwide Corp Com USD 0.01 16 0.31

170 Wynn Resorts Ltd Com USD 0.01 17 0.32


200 Avery Dennison Corp Com USD 1.00 15 0.29

Insurance

314 Arthur J Gallagher & Co Com USD 1.00 16 0.31

164 Assurant Inc Com USD 0.01 14 0.27

222 Cincinnati Financial Corp Com USD 2.00 17 0.32

338 Hartford Financial Services Group Inc Com USD 0.01 16 0.31

336 Lincoln National Corp Com NPV 21 0.40




422 Unum Group Com USD 0.10 18 0.34

462 Voya Financial Inc Com USD 0.01 18 0.34

270 WR Berkley Corp Com USD 0.20 17 0.32

Internet

350 CDW Corp Com USD 0.01 18 0.34

136 Expedia Inc Com USD 0.001 17 0.32


302 Splunk Inc Com USD 0.001 17 0.33

236 TripAdvisor Inc Com USD 0.001 11 0.21

178 VeriSign Inc Com USD 0.001 14 0.27

548 Zillow Group Inc Com USD 0.0001 20 0.38

Leisure time

336 Harley-Davidson Inc Com USD 0.01 20 0.38



294 AGCO Corp Com USD 0.01 16 0.31

334 Flowserve Corp Com USD 1.25 16 0.31


82 Roper Technologies Inc Com USD 0.01 15 0.29


Machinery, diversified

192 Wabtec Corp Com USD 0.01 16 0.31

iSHARES IV PLC






$'000


Equities (cont)


Media

354 Discovery Communications Inc Class 'C' Com USD 0.01 9 0.17

232 Discovery Communications Inc Com USD 0.01 6 0.12

240 Liberty Broadband Corp Com USD 0.01 17 0.32

330 Liberty Media Corp-Liberty SiriusXM Class 'C' Com USD 0.01 12 0.23

152 Liberty Media Corp-Liberty SiriusXM Com USD 0.01 6 0.11

1,294 News Corp Com USD 0.01 15 0.29

240 Scripps Networks Interactive Inc Com USD 0.01 17 0.32

666 Tegna Inc Com USD 1.00 15 0.29

Mining

1,360 Freeport-McMoRan Inc Com USD 0.10 21 0.40


374 AO Smith Corp Com USD 1.00 18 0.35

234 Dover Corp Com USD 1.00 17 0.32

138 Parker-Hannifin Corp Com USD 0.50 20 0.38

394 Textron Inc Com USD 0.125 18 0.34


298 Church & Dwight Co Inc Com USD 1.00 13 0.25

Oil & gas

568 Antero Resources Corp Com USD 0.01 14 0.27

654 Cabot Oil & Gas Corp Com USD 0.10 14 0.27

456 Cheniere Energy Inc Com USD 0.003 19 0.36

130 Cimarex Energy Co Com USD 0.01 18 0.34

140 Concho Resources Inc Com USD 0.001 20 0.38

366 Continental Resources Inc Com USD 0.01 21 0.40

218 EQT Corp Com NPV 15 0.29

260 Helmerich & Payne Inc Com USD 0.10 20 0.38

544 HollyFrontier Corp Com USD 0.01 16 0.31

1,210 Marathon Oil Corp Com USD 1.00 22 0.42

510 Murphy Oil Corp Com USD 1.00 17 0.32

378 Newfield Exploration Co Com USD 0.01 17 0.32

408 Range Resources Corp Com USD 0.01 14 0.27

1,522 Southwestern Energy Co Com USD 0.01 17 0.33

192 Tesoro Corp Com USD 0.167 16 0.31

Oil & gas services


Pipelines


548 Plains GP Holdings LP COM NPV 19 0.36




488 Realogy Holdings Corp Com USD 0.01 12 0.23


767 AGNC Investment Corp Reits USD 0.01 14 0.27



$'000



Real estate investment trusts (cont)

1,520 Annaly Capital Management Inc Reits USD 0.01 16 0.30

876 Brixmor Property Group Inc Reits USD 0.01 21 0.40

180 Camden Property Trust Reits USD 0.01 14 0.27


652 Duke Realty Corp Reits USD 0.01 17 0.32

68 Essex Property Trust Inc Reits USD 0.0001 15 0.28

168 Extra Space Storage Inc Reits USD 0.01 12 0.23


1,012 Host Hotels & Resorts Inc Reits USD 0.01 18 0.34

406 Iron Mountain Inc Reits USD 0.01 13 0.25

558 Kimco Realty Corp Reits USD 0.01 14 0.27


206 Macerich Co Reits USD 0.01 14 0.27

152 Mid-America Apartment Communities Inc Reits USD 0.01 14 0.27

260 Realty Income Corp Reits USD 1.00 14 0.27

200 Regency Centers Corp Reits USD 0.01 13 0.25

154 SL Green Realty Corp Reits USD 0.01 16 0.31

430 UDR Inc Reits USD 0.01 15 0.28


Restaurants & bars

224 Darden Restaurants Inc Com NPV 16 0.31

Retail

104 Advance Auto Parts Inc Com USD 0.0001 18 0.34

310 AutoNation Inc Com USD 0.01 14 0.27

336 Bed Bath & Beyond Inc Com USD 0.01 15 0.29

476 Best Buy Co Inc Com USD 0.10 22 0.42

290 CarMax Inc Com USD 0.50 17 0.32

392 Coach Inc Com USD 0.01 14 0.27


194 Dollar Tree Inc Com USD 0.01 17 0.32


252 Foot Locker Inc Com USD 0.01 18 0.34

856 Gap Inc Com USD 0.05 21 0.41

160 Genuine Parts Co Com USD 1.00 15 0.29

580 Liberty Interactive Corp QVC Group Com USD 0.01 12 0.23

242 lululemon athletica Inc Com USD 0.005 14 0.27

402 Nordstrom Inc Com NPV 23 0.44

172 PVH Corp Com USD 1.00 18 0.34



232 Tiffany & Co Com USD 0.01 19 0.36



Savings & loans

980 People's United Financial Inc Com USD 0.01 18 0.34

iSHARES IV PLC






$'000


Equities (cont)


Semiconductors

268 Analog Devices Inc Com USD 0.167 20 0.38

220 KLA-Tencor Corp Com USD 0.001 18 0.34

190 Lam Research Corp Com USD 0.001 20 0.38


414 Maxim Integrated Products Inc Com USD 0.001 16 0.31

316 Microchip Technology Inc Com USD 0.001 21 0.40

340 NVIDIA Corp Com USD 0.001 31 0.60

296 Qorvo Inc Com USD 0.0001 16 0.31

236 Skyworks Solutions Inc Com USD 0.25 18 0.34

338 Xilinx Inc Com USD 0.01 18 0.34

Software

296 Akamai Technologies Inc Com USD 0.01 20 0.38

176 Ansys Inc Com USD 0.01 17 0.32


236 Broadridge Financial Solutions Inc Com USD 0.01 15 0.29

290 CDK Global Inc Com USD 0.01 17 0.32

184 Citrix Systems Inc Com USD 0.001 16 0.31

358 Dell Technologies Inc COM USD 0.01 19 0.36

126 Dun & Bradstreet Corp Com USD 0.01 15 0.29

194 MSCI Inc Com USD 0.01 15 0.29

952 Nuance Communications Inc Com USD 0.001 15 0.29

204 Red Hat Inc Com USD 0.0001 16 0.31

216 ServiceNow Inc Com USD 0.001 18 0.34

214 Workday Inc Com USD 0.001 18 0.34

Telecommunications

450 Fortinet Inc Com USD 0.001 14 0.26

3,022 Frontier Communications Corp Com USD 0.25 11 0.21

670 Juniper Networks Inc Com USD 0.00001 18 0.34

290 Level 3 Communications Inc Com USD 0.01 16 0.31

110 Palo Alto Networks Inc Com USD 0.0001 15 0.29

Textile

78 Mohawk Industries Inc Com USD 0.01 15 0.29

Toys

176 Hasbro Inc Com USD 0.50 15 0.29

494 Mattel Inc Com USD 1.00 16 0.30

Transportation



186 JB Hunt Transport Services Inc Com USD 0.01 18 0.34

166 Kansas City Southern Com USD 0.01 15 0.28

Trucking

40 Amerco Com USD 0.25 14 0.27

Water

206 American Water Works Co Inc Com USD 0.01 15 0.29



Fair value

$'000



Cash† 12 0.23





† Substantially all cash positions are held with State Street Bank and Trust Company. * Amounts which are less than $500 are rounded to zero.




Fair value $'000





iSHARES IV PLC







Sales Purchases

91 Alcoa Corp Com USD 0.01 3 766 Seagate Technology Plc Com USD 0.00001 28

8 Advance Auto Parts Inc Com USD 0.0001 1 340 NVIDIA Corp Com USD 0.01 27

10 Jazz Pharmaceuticals Plc Com USD 0.0001 1 666 IHS Markit Ltd Com USD 0.002 24

8 F5 Networks Inc Com NPV 1 310 Waste Connections Inc Com NPV 23

12 Genuine Parts Co Com USD 1.00 1 1,562 KeyCorp Com USD 1.00 23

10 PVH Corp Com USD 1.00 1 390 Western Digital Corp Com USD 0.01 23

9 Rockwell Automation Inc Com USD 1.00 1 876 Brixmor Property Group Inc Reits USD 0.01 23

11 Autoliv Inc Com USD 1.00 1 402 Nordstrom Inc Com NPV 22

13 Quest Diagnostics Inc Com USD 0.01 1 856 Gap Inc Com USD 0.05 22

15 Akamai Technologies Inc Com USD 0.01 1 632 NetApp Inc Com USD 0.001 22

6 Whirlpool Corp Com USD 1.00 1 1,994 Huntington Bancshares Inc Com USD 0.01 22

6 Snap-on Inc Com USD 1.00 1 818 Axalta Coating Systems Ltd Com USD 1.00 22

6 L-3 Communications Holdings Inc Com USD 0.01 1 1,536 Marvell Technology Group Ltd Com USD 0.002 21

6 Federal Realty Investment Trust Reits USD 0.01 1 358 Dick's Sporting Goods Inc Com USD 0.01 21

5 FleetCor Technologies Inc Com USD 0.001 1 416 Kohl's Corp Com USD 0.01 21

9 DTE Energy Co Com NPV 1 476 Best Buy Co Inc Com USD 0.10 21

5 Domino's Pizza Inc Com USD 0.01 1 336 Linear Technology Corp Com USD 0.001 20

8 Lam Research Corp Com USD 0.001 1 198 Lam Research Corp Com USD 0.001 20

3 Ulta Salon Cosmetics & Fragrance Inc Com USD 0.01 1 77 Ulta Salon Cosmetics & Fragrance Inc Com USD 0.01 20

22 Seagate Technology Plc Com USD 0.00001 1 182 PVH Corp Com USD 1.00 20





iSHARES IV PLC

iShares Edge MSCI USA Value Factor UCITS ETF





2016 to 30 November

2016 $’000

Operating income 147

Net gains on financial assets/liabilities at fair value through profit or loss 3,292

Total gains 3,439


Net operating profit 3,430

Net profit for the financial period before tax 3,430


Net profit for the financial period after tax 3,410

Adjustment to align to the valuation methodology as set out in the prospectus (19)

Increase in net assets attributable to redeemable participating shareholders from operations 3,391






2016 to 30 November

2016 $’000



Share transactions:





iSHARES IV PLC






CURRENT ASSETS

Cash 12

Receivables 15,505



CURRENT LIABILITIES

Payables (17,959)






iSHARES IV PLC






$'000



Equities

Bermuda

Agriculture

8,915 Bunge Ltd Com USD 0.01 609 0.54

Insurance

871 Axis Capital Holdings Ltd Com USD 0.0125 53 0.05


Semiconductors



Ireland

Computers


Pharmaceuticals

7,093 Allergan Plc Com USD 0.0033 1,377 1.23


3,853 Mallinckrodt Plc Com USD 0.20 203 0.18

2,735 Perrigo Co Plc Com NPV 236 0.21


Netherlands

Chemicals

9,017 LyondellBasell Industries NV Com EUR 0.04 814 0.73

Pharmaceuticals

13,361 Mylan NV Com EUR 0.01 489 0.43


Panama

Leisure time

14,507 Carnival Corp Com USD 0.01 746 0.67

Total Panama 746 0.67

Singapore

Electronics



United Kingdom

Apparel retailers

2,336 Michael Kors Holdings Ltd Com NPV 109 0.10

Media

1,510 Liberty Global Plc Com USD 0.01 32 0.03



$'000


United States

Aerospace & defence

14,447 Arconic Inc Com USD 1.00 278 0.25

7,018 L-3 Communications Holdings Inc Com USD 0.01 1,108 0.99

Agriculture

42,644 Archer-Daniels-Midland Co Com NPV 1,844 1.65

Airlines

17,198 American Airlines Group Inc Com USD 1.00 799 0.71

29,128 Delta Air Lines Inc Com USD 0.0001 1,404 1.25



Apparel retailers

9,880 Kohl's Corp Com USD 0.01 532 0.47

Auto manufacturers

223,614 Ford Motor Co Com USD 0.01 2,675 2.39

109,649 General Motors Co Com USD 0.01 3,787 3.38


4,653 BorgWarner Inc Com USD 0.01 166 0.15


3,027 Lear Corp Com USD 0.01 392 0.35

Banks

154,877 Bank of America Corp Com USD 0.01 3,274 2.92

7,244 Capital One Financial Corp Com USD 0.01 609 0.54

47,790 Citigroup Inc Com USD 0.01 2,696 2.41


4,147 Goldman Sachs Group Inc Com USD 0.01 911 0.81

34,335 JPMorgan Chase & Co Com USD 1.00 2,753 2.46

9,811 KeyCorp Com USD 1.00 170 0.15

16,398 Morgan Stanley Com USD 0.01 678 0.61


4,808 SunTrust Banks Inc Com USD 1.00 250 0.22

Biotechnology

45,691 Gilead Sciences Inc Com USD 0.001 3,368 3.00


Broadline retailers

12,670 Macy's Inc Com USD 0.01 535 0.48

Chemicals


4,091 CF Industries Holdings Inc Com USD 0.01 118 0.11

9,862 Dow Chemical Co Com USD 2.5 550 0.49


10,054 Mosaic Co Com USD 0.01 286 0.25

Commercial services


iSHARES IV PLC






$'000


Equities (cont)



8,967 United Rentals Inc Com USD 0.01 908 0.81

Computers

81,858 Apple Inc Com USD 0.00001 9,046 8.08


51,533 HP Inc Com USD 0.01 794 0.71


7,797 Western Digital Corp Com USD 0.01 496 0.44




8,729 Ally Financial Inc Com USD 0.10 170 0.15

3,111 CIT Group Inc Com USD 0.01 127 0.11


Electricity

14,325 AES Corp Com USD 0.01 164 0.15


49,297 Exelon Corp Com NPV 1,603 1.43

16,455 FirstEnergy Corp Com USD 0.10 515 0.46



Electronics


4,043 Avnet Inc Com USD 1.00 185 0.17





Food


2,928 JM Smucker Co Com NPV 369 0.33

33,745 Kroger Co Com USD 1.00 1,090 0.98


9,327 Whole Foods Market Inc Com NPV 284 0.25


6,813 International Paper Co Com USD 1.00 332 0.30

Gold mining



8,823 Aetna Inc Com USD 0.01 1,154 1.03

8,184 Anthem Inc Com USD 0.01 1,167 1.04

4,211 Centene Corp Com USD 0.001 243 0.22

5,180 Cigna Corp Com USD 0.25 698 0.62




$'000



Home builders

4,353 Toll Brothers Inc Com USD 0.01 129 0.12

Home furnishings

3,011 Whirlpool Corp Com USD 1.00 489 0.44

Insurance

3,461 Aflac Inc Com USD 0.10 247 0.22

14,810 American International Group Inc Com USD 2.50 938 0.84

525 Assurant Inc Com USD 0.01 45 0.04

4,236 Hartford Financial Services Group Inc Com USD 0.01 200 0.18



16,777 MetLife Inc Com USD 0.01 923 0.82

7,558 Prudential Financial Inc Com USD 0.01 760 0.68



Internet

12,827 Symantec Corp Com USD 0.01 313 0.28

Iron & steel

4,842 Nucor Corp Com USD 0.40 301 0.27


9,638 AGCO Corp Com USD 0.01 538 0.48

7,505 Cummins Inc Com USD 2.50 1,064 0.95

Media

26,563 News Corp Com USD 0.01 307 0.27

6,450 Tegna Inc Com USD 1.00 144 0.13

7,519 Viacom Inc Com USD 0.001 282 0.25

Mining

1,163 Alcoa Inc Com USD 1.00 34 0.03



Oil & gas

37,525 Chevron Corp Com USD 0.75 4,188 3.74

9,042 Devon Energy Corp Com USD 0.10 437 0.39


4,812 HollyFrontier Corp Com USD 0.01 138 0.12



4,762 Murphy Oil Corp Com USD 1.00 162 0.14

8,505 Phillips 66 Com USD 0.01 707 0.63



16,290 Valero Energy Corp Com USD 0.01 1,004 0.90

Oil & gas services

7,568 National Oilwell Varco Inc Com USD 0.01 283 0.25

Pharmaceuticals

4,407 AmerisourceBergen Corp Com USD 0.01 344 0.31

iSHARES IV PLC






$'000


Equities (cont)


Pharmaceuticals (cont)

7,049 Cardinal Health Inc Com NPV 501 0.44

14,302 Express Scripts Holding Co Com USD 0.01 1,085 0.97

3,221 McKesson Corp Com USD 0.01 463 0.41

123,894 Pfizer Inc Com USD 0.05 3,984 3.56

Pipelines

1,510 Plains GP Holdings LP Com NPV 53 0.05


1,814 Jones Lang LaSalle Inc Com USD 0.01 184 0.16


4,642 AGNC Investment Corp Reits USD 0.01 87 0.08


59,149 Host Hotels & Resorts Inc Reits USD 0.01 1,056 0.94

11,285 Iron Mountain Inc Reits USD 0.01 372 0.33



36,664 Weyerhaeuser Co Reits USD 1.25 1,130 1.01

Retail

6,773 Bed Bath & Beyond Inc Com USD 0.01 304 0.27


14,372 CVS Health Corp Com USD 0.01 1,105 0.99



10,349 Gap Inc Com USD 0.05 258 0.23

3,566 Nordstrom Inc Com NPV 199 0.18

2,346 PVH Corp Com USD 1.00 249 0.22


17,931 Target Corp Com USD 0.0833 1,385 1.23

56,558 Wal-Mart Stores Inc Com USD 0.10 3,985 3.56

Semiconductors

117,020 Intel Corp Com USD 0.001 4,060 3.63

1,903 Lam Research Corp Com USD 0.001 202 0.18

38,604 Micron Technology Inc Com USD 0.10 754 0.67

3,182 Qorvo Inc Com USD 0.0001 170 0.15

Software

7,317 CA Inc Com USD 0.10 234 0.21

3,368 Nuance Communications Inc Com USD 0.001 54 0.05

Telecommunications

69,719 AT&T Inc Com USD 1.00 2,695 2.41


130,549 Cisco Systems Inc Com USD 0.001 3,893 3.48


Transportation

20,462 Norfolk Southern Corp Com USD 1.00 2,179 1.94

Trucking

126 Amerco Com USD 0.25 43 0.04



Fair value

$'000



Cash† 12 0.01



Adjustment to align to the valuation methodology as set out in the prospectus (19) (0.02)






Fair value $'000

% of total

current assets




iSHARES IV PLC







Sales Purchases

50 Cisco Systems Inc Com USD 0.001 632 81,858 Apple Inc Com USD 0.00001 9,068

21,256 Intel Corp Com USD 0.001 548 133,114 Intel Corp Com USD 0.001 4,643

648 HP Inc Com USD 0.01 352 151,446 Cisco Systems Inc Com USD 0.001 4,622

9 Goldman Sachs Group Inc Com USD 0.01 191 40,311 Chevron Corp Com USD 0.75 4,370

66 Corning Inc Com USD 0.50 188 61,917 Wal-Mart Stores Inc Com USD 0.1 4,334

887 LyondellBasell Industries NV Com EUR 0.04 113 109,649 General Motors Co Com USD 0.01 3,606

1,491 Marvell Technology Group Ltd Com USD 0.002 61 75,544 Citigroup Inc Com USD 0.01 3,522

32 WestRock Co Com USD 0.01 40 37,795 Norfolk Southern Corp Com USD 1.00 3,387

64 Juniper Networks Inc Com USD 0.00001 22 44,471 JPMorgan Chase & Co Com USD 1.00 3,303

21,175 Lear Corp Com USD 0.01 2 172,264 Bank of America Corp Com USD 0.01 3,293

31 Fluor Corp Com USD 0.01 2 103,966 Pfizer Inc Com USD 0.05 3,198

23 Eastman Chemical Co Com USD 0.01 2 78,739 AT&T Inc Com USD 1.00 2,606

27 Qorvo Inc Com USD 0.0001 2 55,317 Archer-Daniels-Midland Co Com NPV 2,485

1,413 Avnet Inc Com USD 1.00 2 35,562 Gilead Sciences Inc Com USD 0.001 2,477

43 BorgWarner Inc Com USD 0.01 2 209,776 Ford Motor Co Com USD 0.01 2,464

24 Arrow Electronics Inc Com USD 1.00 1 13,832 UnitedHealth Group Inc Com USD 0.01 2,017

19,497 Medtronic Plc Com USD 0.10 1,559

32,513 Delta Air Lines Inc Com USD 0.0001 1,514

30,396 American International Group Inc Com USD 2.50 1,500

8,144 Goldman Sachs Group Inc Com USD 0.01 1,436

61,669 JM Smucker Co Com NPV 1,380

32,159 Southwest Airlines Co Com USD 1.00 1,303

18,352 Target Corp Com USD 0.0833 1,296

38,722 Pinnacle West Capital Corp Com NPV 1,284

38,936 Kroger Co Com USD 1.00 1,279





iSHARES IV PLC

iShares Edge MSCI World Momentum Factor UCITS ETF





2016 $’000


2015 $’000


Net losses on financial assets/liabilities at fair value through profit or loss (1,369) (643)




Finance costs:



Net profit/(loss) for the financial period before tax 597 (471)


Net profit/(loss) for the financial period after tax 343 (505)








2016 $’000


2015 $’000



Share transactions:






iSHARES IV PLC






31 May 2016 $’000

CURRENT ASSETS

Cash 5,162 23,514





CURRENT LIABILITIES

Payables (86,303) (92,600)







iSHARES IV PLC






$'000



Equities (31 May 2016: 99.54%)


Beverages

15,472 Treasury Wine Estates Ltd Com NPV 123 0.08

Biotechnology

Broadline retailers

10,484 Harvey Norman Holdings Ltd Com NPV 37 0.02

Electricity

9,611 AGL Energy Ltd Com NPV 149 0.09

Entertainment

20,176 Aristocrat Leisure Ltd Com NPV 224 0.14

Gold mining

19,441 Newcrest Mining Ltd Com NPV 280 0.17


2,565 Ramsay Health Care Ltd Com NPV 134 0.08

Healthcare products

1,625 Cochlear Ltd Com NPV 142 0.09

Insurance


Iron & steel

57,629 Fortescue Metals Group Ltd Com NPV 250 0.16

Mining

39,510 Alumina Ltd Com NPV 48 0.03

198,346 South32 Ltd Com NPV 396 0.25


14,733 Dexus Property Group Reits NPV 99 0.06


68,039 Mirvac Group Reits NPV 102 0.06

Retail

1,055 Domino's Pizza Enterprises Ltd Com NPV 53 0.03


Belgium (31 May 2016: 0.18%)

Chemicals



Bermuda (31 May 2016: 0.15%)

Food

40,000 First Pacific Co Ltd Com USD 0.01 28 0.02


3,800 Jardine Matheson Holdings Ltd Com USD 0.25 205 0.12

28,000 NWS Holdings Ltd Com HKD 1.00 48 0.03

Semiconductors




$'000


British Virgin Islands (31 May 2016: 0.08%)

Canada (31 May 2016: 2.63%)

Aerospace

8,569 CAE Inc Com NPV 126 0.08

Banks

22,322 Bank of Nova Scotia Com NPV 1,230 0.76

34,741 Toronto-Dominion Bank Com NPV 1,642 1.02

Computers

4,514 CGI Group Inc Com NPV 214 0.13

Electricity

1,598 Atco Ltd Com NPV 51 0.03

7,673 Fortis Inc Com NPV 228 0.14


3,008 SNC-Lavalin Group Inc Com NPV 127 0.08


4,578 Waste Connections Inc Com NPV 350 0.22

Food

9,513 Saputo Inc Com NPV 321 0.20

Gas

2,041 Canadian Utilities Ltd Com NPV 53 0.03

Gold mining

5,348 Agnico Eagle Mines Ltd Com NPV 219 0.14

31,749 Barrick Gold Corp Com NPV 476 0.29

2,443 Franco-Nevada Corp Com NPV 141 0.09

17,183 Kinross Gold Corp Com NPV 57 0.04

Insurance

2,379 Industrial Alliance Insurance & Financial Services Inc Com NPV 101 0.06

Mining

12,277 First Quantum Minerals Ltd Com NPV 140 0.09

11,839 Silver Wheaton Corp Com NPV 215 0.13

21,125 Teck Resources Ltd Com NPV 534 0.33

Oil & gas

20,441 Canadian Natural Resources Ltd Com NPV 689 0.43

16,941 Encana Corp Com NPV 213 0.13

2,584 Peyto Exploration & Development Corp Com NPV 63 0.04

8,983 Seven Generations Energy Ltd Com NPV 206 0.13

3,972 Tourmaline Oil Corp Com NPV 107 0.06

Pipelines

7,158 Pembina Pipeline Corp Com NPV 210 0.13

24,284 TransCanada Corp Com NPV 1,087 0.68


2,236 First Capital Realty Inc Com NPV 34 0.02

Retail

8,344 Alimentation Couche-Tard Inc Com NPV 384 0.24

1,839 Dollarama Inc Com NPV 137 0.08

iSHARES IV PLC






$'000



Canada (31 May 2016: 2.63%) (cont)

Software



Telecommunications

2,091 BCE Inc Com NPV 90 0.06



Food

157,500 WH Group Ltd Com USD 0.0001 129 0.08

Semiconductors

6,200 ASM Pacific Technology Ltd Com HKD 0.10 62 0.04


Denmark (31 May 2016: 0.93%)

Banks

12,726 Danske Bank A/S Com DKK 10.00 373 0.23

Biotechnology

1,361 Genmab A/S Com DKK 1.00 236 0.15



Transportation

4,396 DSV A/S Com DKK 1.00 198 0.12


Finland (31 May 2016: 0.10%)



Oil & gas


Pharmaceuticals

2,360 Orion Oyj Com EUR 0.65 100 0.06


France (31 May 2016: 0.83%)

Aerospace & defence

2,548 Thales SA Com EUR 3.00 249 0.15

Apparel retailers


Chemicals

1,419 Arkema SA Com EUR 10.00 136 0.08

Commercial services

4,030 Edenred Com EUR 2.00 85 0.05

Computers

2,285 Atos SE Com EUR 1.00 237 0.15

Food

2,621 Sodexo SA Com EUR 4.00 286 0.18


$'000


France (31 May 2016: 0.83%) (cont)

Home furnishings

813 SEB SA Com EUR 1.00 109 0.07

Oil & gas services


Retail

1,914 Kering Com EUR 4.00 416 0.26


Germany (31 May 2016: 1.30%)



Chemicals





Footwear




3,874 Henkel AG & Co KGaA Pref NPV 448 0.28



Retail


Semiconductors


Software

19,352 SAP SE Com NPV 1,616 1.00


Hong Kong (31 May 2016: 0.28%)

Banks

67,500 BOC Hong Kong Holdings Ltd Com NPV 253 0.16

Electricity

37,000 CLP Holdings Ltd Com NPV 361 0.22

65,500 HK Electric Investments & HK Electric Investments Ltd Misc HKD 0.0005 58 0.04

Gas

147,000 Hong Kong & China Gas Co Ltd Com NPV 273 0.17


39,000 Wharf Holdings Ltd Com NPV 289 0.18


16,000 Hang Lung Group Ltd Com NPV 59 0.04

119,000 New World Development Co Ltd Com NPV 132 0.08

27,000 Sun Hung Kai Properties Ltd Com NPV 353 0.22

21,000 Wheelock & Co Ltd Com NPV 125 0.08


52,500 Link REIT NPV 361 0.22

iSHARES IV PLC






$'000



Hong Kong (31 May 2016: 0.28%) (cont)

Transportation

46,500 MTR Corp Ltd Com NPV 233 0.14

Total Hong Kong 2,497 1.55

Ireland (31 May 2016: 1.40%)


15,237 CRH Plc Com EUR 0.32 507 0.32

16,992 Johnson Controls International Plc Com USD 0.01 765 0.47

Computers


Healthcare products

18,838 Medtronic Plc Com USD 0.10 1,375 0.85

Oil & gas

1,682 DCC Plc Com EUR 0.25 129 0.08


Italy (31 May 2016: 0.28%)

Israel (31 May 2016: Nil)

Banks

22,200 Bank Hapoalim BM Com ILS 1.00 133 0.09

2,549 Mizrahi Tefahot Bank Ltd Com ILS 0.10 36 0.02


Japan (31 May 2016: 3.47%)


2,900 Stanley Electric Co Ltd Com NPV 80 0.05

Chemicals

27,000 Asahi Kasei Corp Com NPV 241 0.15

2,300 Hitachi Chemical Co Ltd Com NPV 51 0.03

3,800 Mitsubishi Gas Chemical Co Inc Com NPV 58 0.04

19,000 Mitsui Chemicals Inc Com NPV 88 0.05

2,300 Nissan Chemical Industries Ltd Com NPV 77 0.05

8,000 Shin-Etsu Chemical Co Ltd Com NPV 593 0.37

Commercial services

900 Park24 Co Ltd Com NPV 26 0.02

Computers

44,000 Fujitsu Ltd Com NPV 261 0.16


6,000 Lion Corp Com NPV 98 0.06


5,900 Brother Industries Ltd Com NPV 101 0.06

Electronics




$'000


Japan (31 May 2016: 3.47%) (cont)

Entertainment

3,900 Sega Sammy Holdings Inc Com NPV 59 0.04

Gas

11,000 Toho Gas Co Ltd Com NPV 87 0.05

Internet

3,000 M3 Inc Com NPV 78 0.05

3,800 Start Today Co Ltd Com NPV 58 0.03




17,800 Komatsu Ltd Com NPV 411 0.26


95,000 Toshiba Corp Com NPV 354 0.22

Pharmaceuticals


900 Taisho Pharmaceutical Holdings Co Ltd Com NPV 77 0.05


1,600 Daito Trust Construction Co Ltd Com NPV 249 0.15

Retail

1,700 FamilyMart UNY Holdings Co Ltd Com NPV 106 0.06

1,800 Nitori Holdings Co Ltd Com NPV 189 0.12

500 Sundrug Co Ltd Com NPV 35 0.02

900 Tsuruha Holdings Inc Com NPV 92 0.06

Semiconductors

3,300 Tokyo Electron Ltd Com NPV 303 0.19

Software


2,400 Konami Holdings Corp Com NPV 81 0.05

Toys

3,800 Bandai Namco Holdings Inc Com NPV 109 0.07

2,500 Nintendo Co Ltd Com NPV 609 0.38


Jersey (31 May 2016: 0.33%)

Advertising

26,815 WPP Plc Com GBP 0.10 572 0.35

Commercial services


Gold mining


Mining

399,939 Glencore Plc Com USD 0.01 1,395 0.87





iSHARES IV PLC






$'000



Luxembourg (31 May 2016: Nil) (cont)

Iron & steel




Auto manufacturers


Media

2,158 Altice NV Com EUR 0.25 37 0.02

7,424 Altice NV Com EUR 0.01 128 0.08


Semiconductors

5,742 NXP Semiconductors NV Com EUR 0.20 569 0.35





20,744 Fletcher Building Ltd Com NPV 151 0.09


13,846 Auckland International Airport Ltd Com NPV 60 0.04


Norway (31 May 2016: 0.15%)

Food



Portugal (31 May 2016: 0.06%)

Food




Electronics



19,500 SATS Ltd Com NPV 65 0.04

Semiconductors

7,743 Broadcom Ltd Com NPV 1,320 0.82

Total Singapore 1,541 0.96

Spain (31 May 2016: 0.17%)


1,222 Aena SA Com EUR 10.00 162 0.10



$'000


Sweden (31 May 2016: 0.24%)

Agriculture


Banks

18,365 Swedbank AB Com SEK 22.00 423 0.26

Commercial services



24,793 Sandvik AB Com SEK 1.20 293 0.18




Mining


Oil & gas






Beverages




54 Sika AG Com CHF 0.60 261 0.16

Chemicals


1,144 Lonza Group AG Com CHF 1.00 204 0.13



Electronics



313 Schindler Holding AG (voting) Com CHF 0.10 55 0.03

Insurance

8,444 Chubb Ltd Com CHF 24.15 1,080 0.67



Aerospace & defence


Apparel retailers


Banks

616,205 HSBC Holdings Plc Com USD 0.50 4,887 3.03

Beverages

55,400 Diageo Plc Com GBP 0.2893518 1,388 0.86

iSHARES IV PLC






$'000




Chemicals


Commercial services



32,030 Relx Plc Com GBP 0.144397 550 0.34


25,515 Unilever Plc Com GBP 0.0311 1,019 0.63


6,231 Bunzl Plc Com GBP 0.3214286 160 0.10

Food


46,845 Wm Morrison Supermarkets Plc Com GBP 0.10 127 0.08

Gas distribution


Hotels


Household products


Insurance


4,721 Aon Plc Com USD 0.01 539 0.33




Mining


40,041 BHP Billiton Plc Com USD 0.50 657 0.41


22,972 Rio Tinto Plc Com GBP 0.10 858 0.53



Oil & gas

472,568 BP Plc Com USD 0.25 2,713 1.68



Pharmaceuticals

89,998 GlaxoSmithKline Plc Com GBP 0.25 1,681 1.04

Restaurants & bars


Software


Specialty finance



$'000



Tobacco

38,098 British American Tobacco Plc Com GBP 0.25 2,091 1.30




Aerospace & defence

2,190 B/E Aerospace Inc Com USD 0.01 132 0.08

4,157 Lockheed Martin Corp Com USD 1.00 1,103 0.68

3,728 Northrop Grumman Corp Com USD 1.00 931 0.58

5,247 Raytheon Co Com USD 0.01 784 0.49

1,904 TransDigm Group Inc Com USD 0.01 479 0.30

Banks

3,258 Comerica Inc Com USD 5.00 208 0.13

14,765 Fifth Third Bancorp Com NPV 384 0.24

Beverages

3,191 Constellation Brands Inc Com USD 0.01 482 0.30

2,962 Molson Coors Brewing Co Com USD 0.01 290 0.18

Biotechnology

2,071 Seattle Genetics Inc Com USD 0.001 134 0.08



1,978 Vulcan Materials Co Com USD 1.00 249 0.16

Chemicals

3,093 Albemarle Corp Com USD 0.01 272 0.17

Commercial services

1,936 Cintas Corp Com NPV 222 0.14

1,872 Equifax Inc Com USD 1.25 214 0.13

6,141 S&P Global Inc Com USD 1.00 730 0.45


Computers

5,333 Cadence Design Systems Inc Com USD 0.01 140 0.09


52,491 Hewlett Packard Enterprise Co Com USD 0.01 1,249 0.77






50,816 Procter & Gamble Co Com NPV 4,191 2.60

Electricity

5,149 Alliant Energy Corp Com USD 0.01 185 0.11

iSHARES IV PLC






$'000



United States (31 May 2016: 74.90%)(cont)

Electricity (cont)


7,288 American Electric Power Co Inc Com USD 6.50 431 0.27

4,432 CMS Energy Corp Com USD 0.01 178 0.11


3,350 DTE Energy Co Com NPV 312 0.19

843 Duke Energy Corp Com USD 0.001 62 0.04

5,969 Edison International Com NPV 411 0.25

377 Entergy Corp Com USD 0.01 26 0.02


10,632 NextEra Energy Inc Com USD 0.01 1,215 0.75

8,538 PG&E Corp Com NPV 502 0.31


578 Public Service Enterprise Group Inc Com NPV 24 0.01


15,475 Southern Co Com USD 5.00 725 0.45

4,702 WEC Energy Group Inc Com USD 0.01 263 0.16

4,204 Westar Energy Inc Com USD 5.00 239 0.15

8,975 Xcel Energy Inc Com USD 2.50 350 0.22

Electronics

7,533 Amphenol Corp Com USD 0.001 514 0.32






6,232 Republic Services Inc Com USD 0.01 346 0.21

11,128 Waste Management Inc Com USD 0.01 774 0.48

Food

7,274 Conagra Brands Inc Com USD 5.00 267 0.17

1,213 General Mills Inc Com USD 0.10 74 0.05

2,581 Hershey Co Com USD 1.00 250 0.15


8,930 Kraft Heinz Co Com USD 0.01 729 0.45


8,755 Sysco Corp Com USD 1.00 466 0.29


4,666 WhiteWave Foods Co Com USD 0.01 257 0.16

Gas


7,729 CenterPoint Energy Inc Com USD 0.01 184 0.12

5,271 NiSource Inc Com USD 0.01 116 0.07


Gold mining



$'000





17,434 UnitedHealth Group Inc Com USD 0.01 2,764 1.71

Healthcare products


10,451 Baxter International Inc Com USD 1.00 463 0.29

3,536 Becton Dickinson and Co Com USD 1.00 598 0.37


1,067 CR Bard Inc Com USD 0.25 225 0.14

9,363 Danaher Corp Com USD 0.01 731 0.45

2,751 IDEXX Laboratories Inc Com USD 0.10 324 0.20


3,978 St Jude Medical Inc Com USD 0.10 315 0.20

6,354 Stryker Corp Com USD 0.10 722 0.45


Hotels

8,687 Las Vegas Sands Corp Com USD 0.001 545 0.34

1,197 Wynn Resorts Ltd Com USD 0.01 122 0.07


6,179 Newell Brands Inc Com USD 1.00 290 0.18

Household products

794 Spectrum Brands Holdings Inc Com USD 0.01 95 0.06

Insurance

5,473 Allstate Corp Com USD 0.01 383 0.24

2,671 Arthur J Gallagher & Co Com USD 1.00 135 0.08



7,219 Marsh & McLennan Cos Inc Com USD 1.00 500 0.31



Internet

7,781 Amazon.com Inc Com USD 0.01 5,840 3.62


42,717 Facebook Inc Com USD 0.000006 5,058 3.14

1,134 MercadoLibre Inc Com USD 0.001 179 0.11

22,935 Symantec Corp Com USD 0.01 560 0.35




4,468 Xylem Inc Com USD 0.01 231 0.14



iSHARES IV PLC






$'000




Media

4,006 Charter Communications Inc Com USD 0.001 1,103 0.68

2,065 Liberty Broadband Corp Class 'C' Com USD 0.01 147 0.09

14,549 Time Warner Inc Com USD 0.01 1,337 0.83



6,611 Illinois Tool Works Inc Com USD 0.01 828 0.51


4,244 Church & Dwight Co Inc Com USD 1.00 186 0.12

Oil & gas

1,445 Cimarex Energy Co Com USD 0.01 199 0.12

1,869 Continental Resources Inc Com USD 0.01 109 0.07

5,092 Parsley Energy Inc Com USD 0.01 194 0.12

Oil & gas services

13,327 Halliburton Co Com USD 2.50 708 0.44

Pharmaceuticals

45,959 Johnson & Johnson Com USD 1.00 5,119 3.17

Pipelines

4,593 ONEOK Inc Com USD 0.01 253 0.16

22,282 Spectra Energy Corp Com USD 0.001 912 0.56



1,790 Alexandria Real Estate Equities Inc Reits USD 0.01 196 0.12

8,250 American Tower Corp Reits USD 0.01 844 0.52

2,961 Digital Realty Trust Inc Reits USD 0.01 273 0.17

9,299 Duke Realty Corp Reits USD 0.01 237 0.15

1,241 Equinix Inc Reits USD 0.001 420 0.26


12,143 Prologis Inc Reits USD 0.01 618 0.39


6,676 Ventas Inc Reits USD 0.25 404 0.25

Retail


1,798 Domino's Pizza Inc Com USD 0.01 302 0.19

1,257 PVH Corp Com USD 1.00 133 0.08

7,389 Ross Stores Inc Com USD 0.01 499 0.31

1,226 Ulta Salon Cosmetics & Fragrance Inc Com USD 0.01 318 0.20


Semiconductors

40,271 Applied Materials Inc Com USD 0.01 1,297 0.81


7,293 Linear Technology Corp Com USD 0.001 456 0.28



$'000



Semiconductors (cont)

21,991 Micron Technology Inc Com USD 0.10 430 0.27


36,271 Qualcomm Inc Com USD 0.0001 2,470 1.53

25,640 Texas Instruments Inc Com USD 1.00 1,896 1.18

Software

12,900 Activision Blizzard Inc Com USD 0.000001 472 0.29

9,561 Adobe Systems Inc Com USD 0.0001 983 0.61





4,470 Fidelity National Information Services Inc Com USD 0.01 345 0.21


132,015 Microsoft Corp Com USD 0.00000625 7,954 4.93

1,448 MSCI Inc Com USD 0.01 114 0.07


2,023 VMware Inc Com USD 0.01 164 0.10

Telecommunications

20,169 Sprint Corp Com USD 0.01 158 0.10

6,984 T-Mobile US Inc Com USD 0.0001 378 0.23

3,297 Zayo Group Holdings Inc Com USD 0.001 114 0.07

Tobacco

28,126 Altria Group Inc Com USD 0.333 1,798 1.11

1,246 Philip Morris International Inc Com NPV 110 0.07

14,481 Reynolds American Inc Com USD 0.0001 784 0.49

Toys

4,786 Mattel Inc Com USD 1.00 151 0.09

Water

3,716 American Water Works Co Inc Com USD 0.01 269 0.17



Rights (31 May 2016: 0.00%)

Canada (31 May 2016: Nil)

2,040 Yamana Gold Inc - Rights 21 December 2016 1 0.00

Total Canada 1 0.00

Spain (31 May 2016: 0.00%)

Total rights 1 0.00

iSHARES IV PLC





No. of contracts

Underlying exposure

$'000 Fair value

$'000




5 S&P 500 E Mini Index Futures December 2016 537 13 0.01

5 MSCI EAFE Mini Index Futures December 2016 416 (7) 0.00




Fair value

$'000



Cash† 5,204 3.23





† Cash holdings of $5,161,679 are held with State Street Bank and Trust Company. $42,027 is held as security for futures contracts with Barclays Bank Plc.








Fair value $'000






iSHARES IV PLC







Sales Purchases

96,303 Exxon Mobil Corp Com NPV 8,415 96,303 Exxon Mobil Corp Com NPV 8,554

207,357 AT&T Inc Com USD 1.00 8,102 132,015 Microsoft Corp Com USD 0.00000625 7,956

10,005 Amazon.com Inc Com USD 0.01 7,537 10,560 Amazon.com Inc Com USD 0.01 7,845

57,058 Facebook Inc Com USD 0.000006 7,010 58,512 Facebook Inc Com USD 0.000006 6,872

179,420 General Electric Co Com USD 0.06 5,564 104,101 Verizon Communications Inc Com USD 0.1 5,741

104,101 Verizon Communications Inc Com USD 0.1 5,231 616,205 HSBC Holdings Plc Com USD 0.50 4,915

31,915 Home Depot Inc Com USD 0.05 4,377 50,816 Procter & Gamble Co Com NPV 4,190

5,502 Alphabet Inc Com USD 0.001 4,183 87,564 AT&T Inc Com USD 1.00 3,709

5,020 Alphabet Inc Class 'C' Com USD 0.001 3,924 34,544 Chevron Corp Com USD 0.75 3,549

34,544 Chevron Corp Com USD 0.75 3,826 47,499 Comcast Corp Com USD 0.01 3,196

31,730 McDonald's Corp Com USD 0.01 3,738 26,399 Johnson & Johnson Com USD 1.00 3,169

39,529 Philip Morris International Inc Com NPV 3,621 113,772 Royal Dutch Shell Plc Com EUR 0.07 2,942

84,769 Coca-Cola Co Com USD 0.25 3,530 509,726 BP Plc Com USD 0.25 2,912

29,580 Johnson & Johnson Com USD 1.00 3,372 35,794 Wal-Mart Stores Inc Com USD 0.10 2,611

47,499 Comcast Corp Com USD 0.01 3,287 95,376 Royal Dutch Shell Plc Class "B" Com EUR 0.07 2,544

32,482 Visa Inc Com USD 0.0001 2,526 36,271 Qualcomm Inc Com USD 0.0001 2,471

12,994 3M Co Com USD 0.01 2,241 12,994 3M Co Com USD 0.01 2,315

33,431 Bristol-Myers Squibb Co Com USD 0.10 2,080 25,717 Medtronic Plc Com USD 0.10 2,242

16,762 Honeywell International Inc Com USD 1.00 1,915 99,286 GlaxoSmithKline Plc Com GBP 0.25 2,224

14,058 Accenture PLC Com USD 0.0000225 1,642 25,640 Texas Instruments Inc Com USD 1.00 1,896





iSHARES IV PLC

iShares Edge MSCI World Multifactor UCITS ETF





2016 $’000


2015 to 30 November

2015 $’000


Net gains on financial assets/liabilities at fair value through profit or loss 2,859 1,069

Total gains 4,122 1,124


Net operating profit 3,815 1,107

Finance costs:



Net profit for the financial period before tax 3,814 1,107


Net profit for the financial period after tax 3,675 1,101


Increase in net assets attributable to redeemable participating shareholders from operations 3,732 1,107






2016 $’000


2015 to 30 November

2015 $’000


Increase in net assets attributable to redeemable participating shareholders from operations 3,732 1,107

Share transactions:





iSHARES IV PLC






31 May 2016 $’000

CURRENT ASSETS

Cash 445 5,695





CURRENT LIABILITIES


Payables (34,578) (15,289)

Financial liabilities at fair value through profit or loss 3 (9)




Net asset value attributable to redeemable participating shareholders at the end of the period 155,266 46,985


iSHARES IV PLC






$'000



Equities (31 May 2016: 99.79%)


Airlines

22,804 Qantas Airways Ltd Com NPV 55 0.03

Banks

20,061 Bendigo & Adelaide Bank Ltd Com NPV 178 0.11

Broadline retailers



24,401 LendLease Group Misc NPV 244 0.16

Entertainment


Healthcare products


Iron & steel






81,875 GPT Group Reits NPV 292 0.19


81,472 Goodman Group Reits NPV 400 0.26


89,900 Westfield Corp Reits NPV 606 0.39

Retail


Telecommunications

25,273 Vocus Communications Ltd Com NPV 78 0.05

Travel & tourism



Belgium (31 May 2016: 1.02%)

Chemicals


Food


Insurance

8,903 Ageas Com NPV 333 0.21


Bermuda (31 May 2016: 0.78%)

Agriculture

6,353 Bunge Ltd Com USD 0.01 434 0.28


$'000


Bermuda (31 May 2016: 0.78%) (cont)

Agriculture (cont)

Apparel retailers

28,500 Yue Yuen Industrial Holdings Ltd Com HKD 0.25 103 0.06



Insurance





28,000 Kerry Properties Ltd Com HKD 1.00 80 0.05

Semiconductors




Canada (31 May 2016: 2.02%)

Aerospace

12,244 CAE Inc Com NPV 180 0.12


2,184 Linamar Corp Com NPV 84 0.05

17,752 Magna International Inc Com NPV 716 0.46

Food

10,591 Metro Inc Com NPV 322 0.21

Gold mining

17,757 Cameco Corp Com NPV 162 0.10

Insurance


Mining



Oil & gas


Packaging & containers

1,429 CCL Industries Inc Com NPV 248 0.16

Pipelines

8,199 Keyera Corp Com NPV 235 0.15

7,284 Veresen Inc Com NPV 67 0.04



Retail


Software




iSHARES IV PLC






$'000




Food

369,500 WH Group Ltd Com USD 0.0001 302 0.19


Denmark (31 May 2016: 1.49%)

Healthcare products



Insurance

5,284 Tryg A/S Com DKK 5.00 95 0.06

Telecommunications

36,990 TDC A/S Com DKK 1.00 188 0.12

Transportation

8,196 DSV A/S Com DKK 1.00 370 0.24


Finland (31 May 2016: 1.06%)





Oil & gas


Pharmaceuticals

4,475 Orion Oyj Com EUR 0.65 190 0.12

Telecommunications



France (31 May 2016: 3.11%)

Aerospace & defence

4,731 Thales SA Com EUR 3.00 462 0.30

Auto manufacturers


8,737 Renault SA Com EUR 3.81 689 0.44


8,364 Cie Generale des Etablissements Michelin Com EUR 2.00 895 0.57

10,785 Valeo SA Com EUR 1.00 602 0.39


1,596 Imerys SA Com EUR 2.00 111 0.07

Chemicals

3,093 Arkema SA Com EUR 10.00 297 0.19

Computers

3,894 Atos SE Com EUR 1.00 403 0.26

7,448 Capgemini SA Com EUR 8.00 588 0.38


13,765 Rexel SA Com EUR 5.00 213 0.14


$'000


France (31 May 2016: 3.11%) (cont)

Electricity


Home furnishings

1,029 SEB SA Com EUR 1.00 138 0.09

Insurance


7,912 SCOR SE Com EUR 7.876972 251 0.16



Oil & gas services



Germany (31 May 2016: 2.19%)

Auto manufacturers




Chemicals





4,053 OSRAM Licht AG Com NPV 206 0.13



Food


Footwear


Insurance

2,887 Hannover Rueck SE Com NPV 307 0.20



Media

1,965 Axel Springer SE Com EUR 1.00 84 0.05



Semiconductors



Hong Kong (31 May 2016: 1.02%)

Electricity





28,000 Hysan Development Co Ltd Com NPV 123 0.08

iSHARES IV PLC






$'000



Hong Kong (31 May 2016: 1.02%) (cont)

Real estate investment & services (cont)

162,000 Sino Land Co Ltd Com NPV 252 0.16

53,400 Swire Properties Ltd Com NPV 161 0.11


Telecommunications

113,000 HKT Trust & HKT Ltd Misc HKD 0.0005 147 0.09


Ireland (31 May 2016: 2.83%)

Computers

27,602 Accenture Plc Com USD 0.0000225 3,298 2.12

Pharmaceuticals



Israel (31 May 2016: 0.25%)

Banks


Pharmaceuticals

598 Taro Pharmaceutical Industries Ltd Com ILS 0.0001 62 0.04


1,933 Azrieli Group Ltd Com ILS 0.10 84 0.05


Italy (31 May 2016: 0.07%)

Japan (31 May 2016: 12.96%)

Advertising

8,500 Hakuhodo DY Holdings Inc Com NPV 99 0.06

Airlines

5,600 Japan Airlines Co Ltd Com NPV 166 0.11

Auto manufacturers

28,024 Fuji Heavy Industries Ltd Com NPV 1,142 0.74

27,800 Isuzu Motors Ltd Com NPV 329 0.21


8,400 JTEKT Corp Com NPV 135 0.09

5,500 Koito Manufacturing Co Ltd Com NPV 287 0.18

3,100 NOK Corp Com NPV 62 0.04


8,300 Sumitomo Rubber Industries Ltd Com NPV 137 0.09

2,800 Toyoda Gosei Co Ltd Com NPV 60 0.04

5,400 Yokohama Rubber Co Ltd Com NPV 98 0.06

Banks

13,500 Bank of Kyoto Ltd Com NPV 94 0.06

29,000 Chiba Bank Ltd Com NPV 172 0.11

5,700 Chugoku Bank Ltd Com NPV 77 0.05

56,000 Concordia Financial Group Ltd Com NPV 258 0.17


$'000


Japan (31 May 2016: 12.96%) (cont)

Banks (cont)

29,000 Fukuoka Financial Group Inc Com NPV 126 0.08

19,800 Hachijuni Bank Ltd Com NPV 106 0.07

28,000 Hiroshima Bank Ltd Com NPV 124 0.08

14,100 Kyushu Financial Group Inc Com NPV 93 0.06

6,000 Yamaguchi Financial Group Inc Com NPV 63 0.04

Broadline retailers

13,500 Takashimaya Co Ltd Com NPV 112 0.07

Chemicals

4,700 Air Water Inc Com NPV 81 0.05

13,700 Daicel Corp Com NPV 151 0.10


8,500 JSR Corp Com NPV 123 0.08

8,053 Kaneka Corp Com NPV 64 0.04

10,000 Kansai Paint Co Ltd Com NPV 184 0.12

14,100 Kuraray Co Ltd Com NPV 200 0.13

61,400 Mitsubishi Chemical Holdings Corp Com NPV 387 0.25


10,400 Teijin Ltd Com NPV 193 0.12

Commercial services

24,000 Toppan Printing Co Ltd Com NPV 218 0.14

Computers

2,800 Obic Co Ltd Com NPV 123 0.08


11,000 Lion Corp Com NPV 180 0.12

700 Pola Orbis Holdings Inc Com NPV 54 0.03


70,100 ITOCHU Corp Com NPV 960 0.62

78,800 Marubeni Corp Com NPV 433 0.28


42,900 Mebuki Financial Group Inc Com NPV 156 0.10



Electronics


25,000 Nippon Electric Glass Co Ltd Com NPV 134 0.09


Food

7,500 NH Foods Ltd Com NPV 194 0.12

8,500 Nisshin Seifun Group Inc Com NPV 119 0.08

4,400 Toyo Suisan Kaisha Ltd Com NPV 156 0.10


40,000 Oji Holdings Corp Com NPV 165 0.11

Gas

84,000 Osaka Gas Co Ltd Com NPV 318 0.20


iSHARES IV PLC






$'000



Japan (31 May 2016: 12.96%) (cont)


26,000 Fuji Electric Co Ltd Com NPV 128 0.08


2,800 Miraca Holdings Inc Com NPV 126 0.08

Home builders

25,800 Daiwa House Industry Co Ltd Com NPV 735 0.47

5,700 Iida Group Holdings Co Ltd Com NPV 111 0.07

18,800 Sekisui Chemical Co Ltd Com NPV 286 0.19

Insurance


Internet


2,900 Mixi Inc Com NPV 101 0.06


Iron & steel

8,700 Hitachi Metals Ltd Com NPV 114 0.07


14,400 Amada Holdings Co Ltd Com NPV 161 0.10

28,000 Sumitomo Heavy Industries Ltd Com NPV 169 0.11


2,800 Maruichi Steel Tube Ltd Com NPV 90 0.06

Mining

5,600 Mitsubishi Materials Corp Com NPV 166 0.11

Oil & gas

3,000 Idemitsu Kosan Co Ltd Com NPV 68 0.05

44,400 Inpex Corp Com NPV 423 0.27

98,100 JX Holdings Inc Com NPV 375 0.24

13,000 TonenGeneral Sekiyu KK Com NPV 124 0.08

Pharmaceuticals

8,400 Alfresa Holdings Corp Com NPV 134 0.09

2,800 Hisamitsu Pharmaceutical Co Inc Com NPV 135 0.09

5,600 Medipal Holdings Corp Com NPV 80 0.05

10,700 Mitsubishi Tanabe Pharma Corp Com NPV 202 0.13


2,900 Suzuken Co Ltd Com NPV 87 0.05

1,800 Taisho Pharmaceutical Holdings Co Ltd Com NPV 154 0.10


5,200 Aeon Mall Co Ltd Com NPV 75 0.05


Retail

1,700 Sundrug Co Ltd Com NPV 118 0.07

1,700 Tsuruha Holdings Inc Com NPV 174 0.11

28,100 Yamada Denki Co Ltd Com NPV 151 0.10


$'000


Japan (31 May 2016: 12.96%) (cont)

Software



2,100 Oracle Corp Japan Com NPV 105 0.07

Telecommunications

31,300 Nippon Telegraph & Telephone Corp Com NPV 1,269 0.82

63,000 NTT DoCoMo Inc Com NPV 1,451 0.93

Transportation

8,000 Kamigumi Co Ltd Com NPV 74 0.05


Jersey (31 May 2016: 0.67%)


12,422 Delphi Automotive Plc Com USD 0.01 795 0.51

Commercial services


Oil & gas services




Media



Mauritius (31 May 2016: 0.06%)

Agriculture

308,000 Golden Agri-Resources Ltd Com USD 0.025 91 0.06

Total Mauritius 91 0.06


Chemicals

16,093 LyondellBasell Industries NV Com EUR 0.04 1,453 0.94

Commercial services

44,879 Relx NV Com EUR 0.07 725 0.47



Food


Insurance

82,826 Aegon NV Com EUR 0.12 422 0.27


Oil & gas services

2,010 Core Laboratories NV Com EUR 0.02 224 0.14

iSHARES IV PLC






$'000




Pipelines


Semiconductors




Airlines

24,600 Singapore Airlines Ltd Com NPV 171 0.11

Electronics



30,700 SATS Ltd Com NPV 103 0.07


84,100 Yangzijiang Shipbuilding Holdings Ltd Com NPV 48 0.03


22,200 UOL Group Ltd Com NPV 92 0.06


94,300 CapitaLand Commercial Trust Reits NPV 100 0.06


Spain (31 May 2016: 0.06%)

Insurance

49,082 Mapfre SA Com EUR 0.10 147 0.10



Oil & gas

50,056 Repsol SA Com EUR 1.00 669 0.43


Sweden (31 May 2016: 0.15%)

Commercial services




Food




Mining






Beverages



$'000




1,687 Geberit AG Com CHF 0.10 666 0.43

100 Sika AG Com CHF 0.60 485 0.31

Chemicals


2,421 Lonza Group AG Com CHF 1.00 431 0.28



Electronics

16,192 TE Connectivity Ltd Com CHF 0.57 1,095 0.70

Food

3,914 Aryzta AG Com CHF 0.02 167 0.11



897 Schindler Holding AG (voting) Com CHF 0.10 157 0.10

Insurance

1,461 Swiss Life Holding AG Com CHF 5.10 401 0.26


Pharmaceuticals




Specialty finance

1,582 Pargesa Holding SA Com CHF 20.00 100 0.06

Transportation

2,390 Kuehne & Nagel International AG Com CHF 1.00 311 0.20



Aerospace & defence

143,656 BAE Systems Plc Com GBP 0.025 1,078 0.70


Airlines

540 easyJet Plc Com GBP 0.2728571 7 0.00

Apparel retailers



80,466 GKN Plc Com GBP 0.10 311 0.20

Banks


Chemicals



Commercial services


iSHARES IV PLC






$'000




Commercial services



49,627 Relx Plc Com GBP 0.144397 851 0.55


15,213 Bunzl Plc Com GBP 0.3214286 392 0.25




26,927 ICAP Plc Com GBP 0.10 164 0.11


Food



101,024 Wm Morrison Supermarkets Plc Com GBP 0.10 274 0.18


16,723 Mondi Plc Com EUR 0.20 341 0.22

Healthcare products


Home builders





Insurance




Media

163,218 ITV Plc Com GBP 0.10 343 0.22

Mining



12,019 IMI Plc Com GBP 0.2857 146 0.09




Retail


Software


Specialty finance




$'000



Advertising


Aerospace & defence


3,517 L-3 Communications Holdings Inc Com USD 0.01 555 0.36

7,725 Northrop Grumman Corp Com USD 1.00 1,930 1.24

5,878 Rockwell Collins Inc Com USD 0.01 545 0.35

Agriculture




Auto manufacturers



4,008 Autoliv Inc Com USD 1.00 415 0.27


3,259 Lear Corp Com USD 0.01 422 0.27

2,464 Wabco Holdings Inc Com USD 0.01 243 0.16

Banks


Beverages


Biotechnology

1,948 United Therapeutics Corp Com USD 0.01 245 0.16

Chemicals




3,520 Valspar Corp Com USD 0.50 359 0.23

Commercial services




5,984 Robert Half International Inc Com USD 0.001 269 0.18



Computers





iSHARES IV PLC






$'000









11,179 FNF Group Com USD 0.0001 357 0.23

5,274 Nasdaq Inc Com USD 0.01 338 0.22



6,238 SEI Investments Co Com USD 0.01 294 0.19


2,021 Acuity Brands Inc Com USD 0.01 508 0.33

Electricity











Electronics


6,012 Avnet Inc Com USD 1.00 276 0.18

47,222 Corning Inc Com USD 0.50 1,135 0.73


14,164 Fortive Corp Com USD 0.01 778 0.50

1,210 Mettler-Toledo International Inc Com USD 0.01 499 0.32

3,670 Waters Corp Com USD 0.01 494 0.32



Food





Gas




2,614 Snap-on Inc Com USD 1.00 437 0.28


$'000




15,977 Aetna Inc Com USD 0.01 2,090 1.34

11,619 Cigna Corp Com USD 0.25 1,566 1.01




Healthcare products



2,007 Teleflex Inc Com USD 1.00 297 0.19


Home furnishings

5,958 Leggett & Platt Inc Com USD 0.01 286 0.18



16,378 Kimberly-Clark Corp Com USD 1.25 1,890 1.22

Insurance

18,652 Aflac Inc Com USD 0.10 1,331 0.86








3,167 Travelers Cos Inc Com NPV 359 0.23




Internet


1,811 MercadoLibre Inc Com USD 0.001 286 0.19



8,160 Xylem Inc Com USD 0.01 421 0.27

Medical supplies






24,037 Marathon Petroleum Corp Com USD 0.01 1,130 0.73

21,436 Phillips 66 Com USD 0.01 1,782 1.15

iSHARES IV PLC






$'000







Pipelines

9,583 ONEOK Inc Com USD 0.01 527 0.34





6,703 National Retail Properties Inc Reits USD 0.01 286 0.18

4,302 Public Storage Reits USD 0.10 900 0.58

Retail




18,313 Ross Stores Inc Com USD 0.01 1,238 0.80


Savings & loans

14,173 People's United Financial Inc Com USD 0.01 265 0.17

Semiconductors

49,225 Applied Materials Inc Com USD 0.01 1,585 1.02



5,825 Qorvo Inc Com USD 0.0001 311 0.20

8,538 Skyworks Solutions Inc Com USD 0.25 656 0.42

Shipping

2,132 Huntington Ingalls Industries Inc Com USD 0.01 381 0.25

Software


14,042 CA Inc Com USD 0.10 449 0.29


4,207 MSCI Inc Com USD 0.01 331 0.21


Telecommunications



Transportation

6,524 CH Robinson Worldwide Inc Com USD 0.10 488 0.31

8,172 Expeditors International of Washington Inc Com USD 0.01 431 0.28

4,051 JB Hunt Transport Services Inc Com USD 0.01 387 0.25


$'000



Trucking

299 Amerco Com USD 0.25 102 0.07



No. of contracts

Underlying exposure

$’000 Fair value

$'000





3 Mini MSCI Emerging Markets Index Futures December 2016 254 (9) (0.01)

Total unrealised gains on futures contracts 10 0.01 Total unrealised losses on futures contracts (9) (0.01) Net unrealised gains on futures contracts 1 0.00 Total financial derivative instruments 1 0.00

Fair value

$'000



Cash† 475 0.31





† Cash holdings of $435,907 are held with State Street Bank and Trust Company. $38,661 is held as security for futures contracts with Citibank.







iSHARES IV PLC






Fair value $'000

% of total

current assets





iSHARES IV PLC


SCHEDULE OF MATERIAL PURCHASES AND SALES





Sales Purchases

39,727 Gilead Sciences Inc Com USD 0.001 2,931 26,667 Gilead Sciences Inc Com USD 0.001 2,256

42,285 Imperial Brands Plc Com GBP 0.10 1,814 63,640 General Motors Co Com USD 0.01 2,198

11,653 Anthem Inc Com USD 0.01 1,661 18,848 Accenture Plc Com USD 0.0000225 2,179

10,698 Intuit Inc Com USD 0.01 1,216 16,378 Kimberly-Clark Corp Com USD 1.25 1,894

4,261 O'Reilly Automotive Inc Com USD 0.01 1,170 49,225 Applied Materials Inc Com USD 0.01 1,585

9,839 Travelers Cos Inc Com NPV 1,115 28,244 Imperial Brands Plc Com GBP 0.10 1,503

12,060 Consolidated Edison Inc Com USD 0.10 841 11,047 Aetna Inc Com USD 0.01 1,325

25,197 Progressive Corp Com USD 1.00 839 8,575 Adidas AG Com NPV 1,265

17,189 Hartford Financial Services Group Inc Com USD 0.01 810 5,350 Northrop Grumman Corp Com USD 1.00 1,173

28,258 Symantec Corp Com USD 0.01 689 14,794 Phillips 66 Com USD 0.01 1,156

5,155 Pandora A/S Com DKK 1.00 614 43,700 NTT DoCoMo Inc Com NPV 1,146

12,483 Fastenal Co Com USD 0.01 592 54,044 Hewlett Packard Enterprise Co Com USD 0.01 1,068

3,693 Henry Schein Inc Com USD 0.01 550 7,917 Cigna Corp Com USD 0.25 1,044

6,741 Cardinal Health Inc Com NPV 482 7,870 Anthem Inc Com USD 0.01 1,043

6,159 Eastman Chemical Co Com USD 0.01 463 29,086 Exelon Corp Com NPV 1,031

9,860 Baxalta Inc Com USD 0.01 454 8,742 Travelers Cos Inc Com NPV 1,009

9,900 Brown-Forman Corp Com USD 0.15 449 21,400 Nippon Telegraph & Telephone Corp Com NPV 963

12,914 Hormel Foods Corp Com USD 0.01465 442 13,003 Aflac Inc Com USD 0.10 930

26,900 Sekisui House Ltd Com NPV 441 17,017 NVIDIA Corp Com USD 0.001 908

8,422 Delta Air Lines Inc Com USD 0.0001 406 10,456 Swiss Re AG Com CHF 0.10 901

11,050 Saputo Inc Com NPV 373

3,100 Nitori Holdings Co Ltd Com NPV 325

13,879 NiSource Inc Com USD 0.01 304

6,528 American Airlines Group Inc Com USD 0.01 303





iSHARES IV PLC

iShares Edge MSCI World Quality Factor UCITS ETF





2016 $’000


2015 $’000






Finance costs:






Adjustment to align to the valuation methodology as set out in the prospectus 10 (6)


There are no recognised gains or losses arising in the period other than those dealt with in the condensed income statement. In arriving at the results of the financial period, all amounts relate to continuing operations.




2016 $’000


2015 $’000



Share transactions:





iSHARES IV PLC






31 May 2016 $’000

CURRENT ASSETS

Cash 10,428 6,268





CURRENT LIABILITIES


Payables (14,966) (46,234)

Financial liabilities at fair value through profit and loss 3 (34) -






iSHARES IV PLC






$'000



Equities (31 May 2016: 109.68%)


Banks


Biotechnology

19,664 CSL Ltd Com NPV 1,424 0.52


9,026 ASX Ltd Com NPV 324 0.12



Healthcare products


Insurance








222,451 Scentre Group Reits NPV 697 0.26

125,768 Westfield Corp Reits NPV 847 0.31

Telecommunications

263,756 Telstra Corp Ltd Com NPV 984 0.36

23,101 TPG Telecom Ltd Com NPV 122 0.05

Travel & tourism



Belgium (31 May 2016: 0.17%)

Food


Telecommunications



Bermuda (31 May 2016: 0.44%)

Insurance




48,300 Hongkong Land Holdings Ltd Com USD 0.10 308 0.12



$'000



Apparel retailers



Canada (31 May 2016: 2.68%)

Banks

17,710 Canadian Imperial Bank of Commerce Com NPV 1,390 0.51

Chemicals

23,502 Potash Corp of Saskatchewan Inc Com NPV 428 0.16


14,836 CI Financial Corp Com NPV 293 0.11

Food


Gold mining


Insurance

13,385 Great-West Lifeco Inc Com NPV 351 0.13

5,868 Intact Financial Corp Com NPV 407 0.15

10,676 Power Financial Corp Com NPV 268 0.10

Oil & gas

3,056 PrairieSky Royalty Ltd Com NPV 74 0.03


857 CCL Industries Inc Com NPV 149 0.05

Pipelines


6,706 Pembina Pipeline Corp Com NPV 197 0.07

Retail

15,962 Alimentation Couche-Tard Inc Com NPV 735 0.27


Software


Transportation

19,183 Canadian National Railway Co Com NPV 1,279 0.47



Hotels

30,425 MGM China Holdings Ltd Com HKD 1.00 68 0.03

84,400 Sands China Ltd Com USD 0.01 415 0.15


Curacao (31 May 2016: 0.83%)

Oil & gas services

28,416 Schlumberger Ltd Com USD 0.01 2,388 0.88

Total Curacao 2,388 0.88

iSHARES IV PLC






$'000



Denmark (31 May 2016: 2.78%)

Chemicals


Food


Healthcare products


Insurance

6,208 Tryg A/S Com DKK 5.00 111 0.04

Pharmaceuticals

97,853 Novo Nordisk A/S Com DKK 0.20 3,316 1.22

Retail


Transportation

3,838 DSV A/S Com DKK 1.00 173 0.06


Finland (31 May 2016: 0.88%)

Insurance

21,015 Sampo Oyj Com NPV 930 0.34




4,150 Wartsila Oyj Abp Com NPV 176 0.06

Pharmaceuticals

4,665 Orion Oyj Com EUR 0.65 198 0.07

Telecommunications



France (31 May 2016: 1.03%)

Aerospace & defence

2,162 Thales SA Com EUR 3.00 211 0.08

Apparel retailers

1,138 Hermes International Com NPV 470 0.17

Insurance

80,336 AXA SA Com EUR 2.29 1,893 0.69

7,461 SCOR SE Com EUR 7.876972 237 0.09




3,518 Unibail-Rodamco SE Reits EUR 5.00 777 0.28


Germany (31 May 2016: 0.50%)

Chemicals



3,764 Beiersdorf AG Com NPV 307 0.11


$'000




21,093 Innogy SE Com EUR 2.00 741 0.27

Food


Insurance


Internet

1,319 United Internet AG Com NPV 51 0.02

Retail

3,452 Hugo Boss AG Com NPV 197 0.07


Hong Kong (31 May 2016: 3.28%)

Banks

35,000 Hang Seng Bank Ltd Com NPV 661 0.24


72,900 Hong Kong Exchanges and Clearing Ltd Com HKD 1.00 1,915 0.70

Electricity

148,031 Power Assets Holdings Ltd Com NPV 1,407 0.52

Gas

916,926 Hong Kong & China Gas Co Ltd Com NPV 1,705 0.62

Insurance

478,659 AIA Group Ltd Com NPV 2,916 1.07


42,640 Henderson Land Development Co Ltd Com NPV 235 0.09



102,000 Link REIT NPV 701 0.26


Ireland (31 May 2016: 1.00%)

Computers

22,642 Accenture Plc Com USD 0.0000225 2,705 0.99


Israel (31 May 2016: 0.11%)

Pharmaceuticals


Software

2,406 Check Point Software Technologies Ltd Com USD 0.01 198 0.07


Italy (31 May 2016: 0.03%)

Insurance


Total Italy 19 0.01

iSHARES IV PLC






$'000



Japan (31 May 2016: 5.01%)

Airlines


Auto manufacturers

21,900 Fuji Heavy Industries Ltd Com NPV 892 0.33

Banks

24,900 Seven Bank Ltd Com NPV 71 0.03

8,600 Suruga Bank Ltd Com NPV 194 0.07

Chemicals


4,500 Nissan Chemical Industries Ltd Com NPV 150 0.06

5,700 Nitto Denko Corp Com NPV 395 0.14


29,800 Japan Exchange Group Inc Com NPV 442 0.16

Gas



Healthcare products

4,100 Sysmex Corp Com NPV 248 0.09

Home builders


Insurance

10,000 Sony Financial Holdings Inc Com NPV 145 0.05

Internet


6,500 M3 Inc Com NPV 168 0.06


35,200 Yahoo Japan Corp Com NPV 128 0.05

Leisure time

2,400 Shimano Inc Com NPV 395 0.15



Retail


Software

900 Oracle Corp Japan Com NPV 45 0.02

Telecommunications

87,176 KDDI Corp Com NPV 2,288 0.84


Tobacco

42,900 Japan Tobacco Inc Com NPV 1,483 0.54


Jersey (31 May 2016: 0.60%)


11,298 Delphi Automotive Plc Com USD 0.01 723 0.27

Commercial services



$'000


Jersey (31 May 2016: 0.60%) (cont)





Media




Aerospace & defence


Chemicals

15,767 LyondellBasell Industries NV Com EUR 0.04 1,424 0.52

Commercial services

29,667 Relx NV Com EUR 0.07 479 0.18


70,115 Unilever NV CVS EUR 0.16 2,814 1.03

Pipelines






Telecommunications

94,461 Spark New Zealand Ltd Com NPV 237 0.09


Norway (31 May 2016: 0.19%)

Insurance


Oil & gas

10,499 Statoil ASA Com NOK 2.50 180 0.07


Portugal (31 May 2016: 0.09%)

Food





63,700 Singapore Exchange Ltd Com NPV 324 0.12


50,000 Singapore Technologies Engineering Ltd Com NPV 117 0.04

iSHARES IV PLC






$'000



Singapore (31 May 2016: 0.73%) (cont)

Fixed line telecommunications

379,258 Singapore Telecommunications Ltd Com NPV 1,001 0.37

Telecommunications

31,100 StarHub Ltd Com NPV 62 0.02


Spain (31 May 2016: 1.14%)

Electricity

32,230 Endesa SA Com EUR 1.20 667 0.24


Insurance

46,936 Mapfre SA Com EUR 0.10 141 0.05



Retail

43,850 Industria de Diseno Textil SA Com EUR 0.03 1,501 0.55

Software

10,555 Amadeus IT Group SA Com EUR 0.01 478 0.18


Sweden (31 May 2016: 0.89%)






Retail

45,557 Hennes & Mauritz AB Com NPV 1,324 0.49




1,047 Geberit AG Com CHF 0.10 414 0.15

86 Sika AG Com CHF 0.60 416 0.16

Chemicals



2,532 Syngenta AG Com CHF 0.10 966 0.36

Commercial services

3,540 Adecco Group AG Com CHF 1.00 217 0.08

139 SGS SA Com CHF 1.00 279 0.10


1,199 Partners Group Holding AG Com CHF 0.01 581 0.21




$'000



Hand & machine tools (cont)

600 Schindler Holding AG Com CHF 0.10 (voting) 105 0.04

Insurance

17,962 Chubb Ltd Com CHF 24.15 2,297 0.85


Pharmaceuticals


27,639 Roche Holding AG Com NPV 6,149 2.25

Telecommunications

1,170 Swisscom AG Com CHF 1.00 499 0.18

Transportation

2,130 Kuehne & Nagel International AG Com CHF 1.00 277 0.10



Aerospace & defence



1,808,352 Rolls-Royce Holdings Plc Pref NPV 2 0.00

Airlines


Apparel retailers


Chemicals



Commercial services



38,201 Relx Plc Com GBP 0.144397 655 0.24


58,909 Unilever Plc Com GBP 0.0311 2,352 0.86


9,918 Bunzl Plc Com GBP 0.3214286 255 0.09




16,319 ICAP Plc Com GBP 0.10 99 0.04





14,120 Mondi Plc Com EUR 0.20 288 0.11

iSHARES IV PLC






$'000




Gas distribution

93,092 Centrica Plc Com GBP 0.061728 244 0.09

Healthcare products


Home builders



Household products

29,282 Reckitt Benckiser Group Plc Com GBP 0.10 2,473 0.91

Insurance


12,899 Aon Plc Com USD 0.01 1,471 0.54


276,311 Legal & General Group Plc Com GBP 0.025 814 0.30

117,125 Prudential Plc Com GBP 0.05 2,264 0.83


Media

197,933 ITV Plc Com GBP 0.10 415 0.15


9,872 IMI Plc Com GBP 0.2857 119 0.04


Pharmaceuticals

36,480 AstraZeneca Plc Com USD 0.25 1,891 0.69

Restaurants & bars

75,331 Compass Group Plc Com GBP 0.10625 1,289 0.47

Software


Specialty finance


Tobacco

4,465 Imperial Tobacco Group Plc Com GBP 0.10 192 0.07



Advertising


Aerospace & defence

20,747 Boeing Co Com USD 5.00 3,125 1.15

7,491 General Dynamics Corp Com USD 1.00 1,314 0.48

5,073 Northrop Grumman Corp Com USD 1.00 1,267 0.46

7,069 Raytheon Co Com USD 0.01 1,057 0.39


Airlines



$'000



Apparel retailers

62,844 Nike Inc Com USD 1.00 3,148 1.16

13,197 VF Corp Com NPV 719 0.26



Beverages

15,322 Brown-Forman Corp Com USD 0.15 695 0.26


55,597 PepsiCo Inc Com USD 0.017 5,568 2.04

Biotechnology

8,211 Biogen Inc Com USD 0.0005 2,415 0.89



Chemicals

5,745 Air Products & Chemicals Inc Com USD 1.00 830 0.31



18,226 Monsanto Co Com USD 0.01 1,872 0.69

9,123 PPG Industries Inc Com USD 1.67 875 0.32

8,290 Praxair Inc Com USD 0.01 998 0.37

2,749 Sherwin-Williams Co Com USD 1.00 739 0.27


Commercial services

13,895 Automatic Data Processing Inc Com USD 0.10 1,334 0.49




3,400 Verisk Analytics Inc Com USD 0.001 282 0.10


Computers

100,254 Apple Inc Com USD 0.00001 11,079 4.07


12,585 Estee Lauder Cos Inc Com USD 0.01 978 0.36


9,568 Fastenal Co Com USD 0.01 453 0.17

1,806 WW Grainger Inc Com USD 0.50 417 0.15


2,299 Affiliated Managers Group Inc Com USD 0.01 341 0.13

6,737 Ameriprise Financial Inc Com USD 0.01 769 0.28

5,585 BlackRock Inc Com USD 0.01* 2,071 0.76

53,018 Charles Schwab Corp Com USD 0.01 2,049 0.75


18,982 Franklin Resources Inc Com USD 0.10 745 0.27

iSHARES IV PLC






$'000





32,898 MasterCard Inc Com USD 0.0001 3,361 1.23



15,274 T Rowe Price Group Inc Com USD 0.20 1,131 0.42

13,018 TD Ameritrade Holding Corp Com USD 0.01 534 0.20

46,641 Visa Inc Com USD 0.0001 3,608 1.32



19,240 Emerson Electric Co Com USD 0.50 1,086 0.40

Electricity

54,815 Public Service Enterprise Group Inc Com NPV 2,264 0.83

Electronics

18,588 Honeywell International Inc Com USD 1.00 2,120 0.78

1,299 Mettler-Toledo International Inc Com USD 0.01 535 0.19

Food


21,744 General Mills Inc Com USD 0.10 1,325 0.49

6,653 Hershey Co Com USD 1.00 643 0.24

12,929 Hormel Foods Corp Com USD 0.01465 443 0.16




1,265 Snap-on Inc Com USD 1.00 212 0.08

Healthcare products






Insurance

18,944 Aflac Inc Com USD 0.10 1,352 0.49

48,839 Berkshire Hathaway Inc Com USD 0.0033 7,694 2.82

27,614 Marsh & McLennan Cos Inc Com USD 1.00 1,914 0.70


28,348 Progressive Corp Com USD 1.00 944 0.35


12,717 Travelers Cos Inc Com NPV 1,442 0.53


Internet



$'000



Internet (cont)

1,859 Priceline Group Inc Com USD 0.008 2,793 1.03

Leisure time

3,227 Polaris Industries Inc Com USD 0.01 280 0.10




2,499 Wabtec Corp Com USD 0.01 212 0.08


22,164 3M Co Com USD 0.01 3,808 1.40


9,005 Illinois Tool Works Inc Com USD 0.01 1,128 0.41



Oil & gas

33,007 Chevron Corp Com USD 0.75 3,684 1.35

88,906 Exxon Mobil Corp Com NPV 7,762 2.85




12,661 Phillips 66 Com USD 0.01 1,053 0.39



Oil & gas services

6,646 FMC Technologies Inc Com USD 0.01 228 0.08


Pharmaceuticals

80,837 Johnson & Johnson Com USD 1.00 9,004 3.31

Pipelines

3,605 Oneok Inc Com USD 0.01 198 0.07




8,294 Public Storage Reits USD 0.10 1,735 0.64

Restaurants & bars

83,447 Starbucks Corp Com USD 0.001 4,837 1.78

Retail


1,151 Chipotle Mexican Grill Inc Com USD 0.01 457 0.17

16,267 Costco Wholesale Corp Com USD 0.005 2,442 0.90



10,934 Gap Inc Com USD 0.05 273 0.10


4,234 lululemon athletica Inc Com USD 0.005 241 0.09

iSHARES IV PLC






$'000




Retail (cont)

5,124 O'Reilly Automotive Inc Com USD 0.01 1,407 0.52

22,525 Ross Stores Inc Com USD 0.01 1,523 0.56

37,904 TJX Cos Inc Com USD 1.00 2,969 1.09

5,879 Tractor Supply Co Com USD 0.008 441 0.16

2,317 Ulta Salon Cosmetics & Fragrance Inc Com USD 0.01 601 0.22

Semiconductors




24,804 Texas Instruments Inc Com USD 1.00 1,834 0.67

Software




155,681 Microsoft Corp Com USD 0.00000625 9,380 3.44

3,983 MSCI Inc Com USD 0.01 313 0.12


Transportation




20,774 Union Pacific Corp Com USD 2.50 2,105 0.77



No. of contracts

Underlying exposure

$'000 Fair value

$'000




5 IBEX 35 Index Futures December 2016 459 1 0.00

14 MSCI EAFE Mini Index Futures December 2016 1,179 (34) (0.01)

13 S&P500 E Mini Futures December 2016 1,400 29 0.01


Total unrealised losses on futures contracts (34) (0.01)

Net unrealised losses on futures contracts (4) 0.00

Total financial derivative instruments (4) 0.00

Fair value

$’000



Cash† 10,600 3.89





† Cash holdings of $10,412,935 are held with State Street Bank and Trust Company. $186,893 is held as security for futures contracts with Barclays Bank Plc. * Investment in related party.








Fair value $'000






iSHARES IV PLC







Sales Purchases

34,545 Home Depot Inc Com USD 0.05 4,564 14,052 Apple Inc Com USD 0.00001 1,485

25,757 McDonald's Corp Com USD 0.01 3,144 11,330 Johnson & Johnson Com USD 1.00 1,327

19,289 Celgene Corp Com USD 0.01 2,035 21,821 Microsoft Corp Com USD 0.00000625 1,237

7,025 Lockheed Martin Corp Com USD 1.00 1,660 13,166 Exxon Mobil Corp Com NPV 1,159

27,955 Qualcomm Inc Com USD 0.0001 1,535 7,447 Berkshire Hathaway Inc Com USD 0.0033 1,119

15,571 Exxon Mobil Corp Com NPV 1,386 4,246 Roche Holding AG Com NPV 1,026

445,007 Centrica Plc Com GBP 0.061728 1,169 8,394 PepsiCo Inc Com USD 0.017 877

15,973 EI du Pont de Nemours & Co Com USD 0.30 1,045 3,518 Unibail-Rodamco SE Reits EUR 5.00 779

21,815 Baxalta Inc Com USD 0.01 987 21,093 Innogy SE Com EUR 2.00 746

55,398 Woolworths Ltd Com NPV 937 17,287 Novo Nordisk A/S Com DKK 0.20 741

34,700 KDDI Corp Com NPV 913 222,451 Scentre Group Reits NPV 697

10,120 Yum! Brands Inc Com NPV 831 11,696 Starbucks Corp Com USD 0.001 654

18,272 Halliburton Co Com USD 2.50 771 3,499 3M Co Com USD 0.01 610

26,800 NTT DoCoMo Inc Com NPV 617 6,539 Visa Inc Com USD 0.0001 516

6,257 Starwood Hotels & Resorts Worldwide Inc Com USD 0.01 482 14,315 Intel Corp Com USD 0.001 504

15,204 Invesco Ltd Com USD 0.20 477 1,170 Swisscom AG Com CHF 1.00 499

5,036 Mead Johnson Nutrition Co Com USD 0.01 414 4,626 Chevron Corp Com USD 0.75 487

13,631 OGE Energy Corp Com USD 0.01 412 16,800 KDDI Corp Com NPV 480

155,800 Singapore Telecommunications Ltd Com NPV 411 10,986 Unilever NV CVS EUR 0.16 472

37,558 Amcor Ltd Com NPV 399 8,808 Nike Inc Com USD 1.00 468

2,887 Canadian Pacific Railway Ltd Com NPV 375

8,262 Unilever NV CVS EUR 0.16 332

10,944 CBRE Group Inc Com USD 0.01 327





iSHARES IV PLC

iShares Edge MSCI World Size Factor UCITS ETF





2016 $’000


2015 $’000
















2016 $’000


2015 $’000



Share transactions:


Payments on redemption of redeemable participating shares - (15,262)




iSHARES IV PLC






31 May 2016 $’000

CURRENT ASSETS

Cash 5,951 775


Receivables 175 208



CURRENT LIABILITIES

Bank overdrafts (1) -

Payables (5,423) (64)







iSHARES IV PLC






$'000

% of net Asset value


Equities (31 May 2016: 97.87%)


Airlines


Banks

14,157 Bank of Queensland Ltd Com NPV 118 0.11


Beverages

15,291 Coca-Cola Amatil Ltd Com NPV 108 0.10

15,072 Treasury Wine Estates Ltd Com NPV 120 0.12

Broadline retailers



31,579 Boral Ltd Com NPV 117 0.11

Chemicals

43,571 Incitec Pivot Ltd Com NPV 101 0.09

Computers

15,218 Computershare Ltd Com NPV 130 0.12


3,300 ASX Ltd Com NPV 119 0.11

25,431 Platinum Asset Management Ltd Com NPV 103 0.10

Electricity

9,131 AGL Energy Ltd Com NPV 142 0.13

101,999 AusNet Services Com NPV 111 0.11

65,276 Duet Group Misc NPV 114 0.11


3,920 Cimic Group Ltd Com NPV 89 0.08


Entertainment


37,550 Tabcorp Holdings Ltd Com NPV 130 0.12

39,597 Tatts Group Ltd Com NPV 123 0.12


54,886 Healthscope Ltd Com NPV 91 0.08

7,780 Sonic Healthcare Ltd Com NPV 125 0.12

Healthcare products


Insurance



Internet

9,431 Seek Ltd Com NPV 103 0.10

Iron & steel


Mining

126,428 Alumina Ltd Com NPV 155 0.15


$'000


Australia (31 May 2016: 5.02%) (cont)


11,629 Orica Ltd Com NPV 146 0.14

Oil & gas

4,499 Caltex Australia Ltd Com NPV 100 0.10

41,570 Santos Ltd Com NPV 120 0.11

Pipelines

16,936 APA Group Misc NPV 100 0.09








Retail


Telecommunications

13,093 TPG Telecom Ltd Com NPV 69 0.07

17,674 Vocus Communications Ltd Com NPV 54 0.05

Transportation

29,140 Aurizon Holdings Ltd Com NPV 107 0.10

Travel & tourism



Austria (31 May 2016: 0.40%)

Banks



3,647 OMV AG Com NPV 118 0.11

Iron & steel





Belgium (31 May 2016: 0.68%)

Chemicals

1,213 Solvay SA Com EUR 15.00 138 0.13


Food


Insurance

3,086 Ageas Com NPV 115 0.11

Media

2,343 Telenet Group Holding NV Com NPV 124 0.12


iSHARES IV PLC






$'000



Bermuda (31 May 2016: 1.67%)

Agriculture

1,645 Bunge Ltd Com USD 0.01 112 0.11

Apparel retailers


Chemicals

6,048 Axalta Coating Systems Ltd Com USD 1.00 160 0.15

Commercial services

4,840 IHS Markit Ltd Com USD 0.01 174 0.17


186,681 Li & Fung Ltd Com HKD 0.0125 82 0.08


3,860 Invesco Ltd Com USD 0.20 121 0.11

Food



884,400 Noble Group Ltd Com HKD 0.25 98 0.09


Hotels

106,000 Shangri-La Asia Ltd Com HKD 1.00 115 0.11

Insurance



313 Everest Re Group Ltd Com USD 0.01 66 0.06

432 RenaissanceRe Holdings Ltd Com USD 1.00 56 0.05


Leisure time

2,438 Norwegian Cruise Line Holdings Ltd Com USD 0.001 97 0.09



Retail


Semiconductors




Apparel retailers



Canada (31 May 2016: 6.69%)

Aerospace

9,517 CAE Inc Com NPV 140 0.13




$'000


Canada (31 May 2016: 6.69%) (cont)

Chemicals

3,423 Methanex Corp Com NPV 150 0.14

Clothing & accessories

4,159 Gildan Activewear Inc Com NPV 113 0.11

Commercial services

8,965 Element Fleet Management Corp Com NPV 75 0.07

Computers

16,561 BlackBerry Ltd Com NPV 127 0.12


5,773 CI Financial Corp Com NPV 114 0.11

Electricity


5,076 Fortis Inc Com NPV 151 0.15


2,780 SNC-Lavalin Group Inc Com NPV 118 0.11


3,230 Waste Connections Inc Com NPV 247 0.23

Food

6,614 Empire Co Ltd Com NPV 90 0.08



3,507 West Fraser Timber Co Ltd Com NPV 125 0.12

Gas

4,657 Canadian Utilities Ltd Com NPV 122 0.12

Gold mining

2,395 Agnico Eagle Mines Ltd Com NPV 98 0.09


20,570 Eldorado Gold Corp Com NPV 56 0.05

1,684 Franco-Nevada Corp Com NPV 97 0.09

22,214 Kinross Gold Corp Com NPV 73 0.07

22,927 Yamana Gold Inc Com NPV 68 0.07


6,186 Finning International Inc Com NPV 124 0.12

Insurance


Mining

16,623 First Quantum Minerals Ltd Com NPV 190 0.18



40,650 Turquoise Hill Resources Ltd Com NPV 136 0.13


71,649 Bombardier Inc Com NPV 100 0.09

Oil & gas

6,888 ARC Resources Ltd Com NPV 120 0.11

16,509 Encana Corp Com NPV 207 0.20


6,164 PrairieSky Royalty Ltd Com NPV 150 0.14

iSHARES IV PLC






$'000



Canada (31 May 2016: 6.69%) (cont)

Oil & gas (cont)

6,432 Seven Generations Energy Ltd Com NPV 148 0.14

4,969 Tourmaline Oil Corp Com NPV 134 0.13

3,777 Vermilion Energy Inc Com NPV 153 0.15


583 CCL Industries Inc Com NPV 101 0.10

Pipelines

5,440 AltaGas Ltd Com NPV 131 0.12

5,994 Inter Pipeline Ltd Com NPV 121 0.11


14,682 Veresen Inc Com NPV 135 0.13




6,422 H&R Real Estate Investment Trust NPV 104 0.10

5,955 RioCan Real Estate Investment Trust NPV 118 0.11

4,279 Smart Real Estate Investment Trust NPV 99 0.09

Retail

1,135 Canadian Tire Corp Ltd Com NPV 118 0.11



2,862 Restaurant Brands International Inc Com NPV 136 0.13

Software



Specialty finance

1,939 Onex Corp Com NPV 136 0.13



Hotels

84,000 MGM China Holdings Ltd Com HKD 1.00 186 0.17

78,400 Wynn Macau Ltd Com HKD 0.001 145 0.14

Lodging

6,753 Melco Crown Entertainment Ltd ADR NPV 133 0.13

Semiconductors

17,200 ASM Pacific Technology Ltd Com HKD 0.10 172 0.16


Denmark (31 May 2016: 1.24%)

Biotechnology

687 Genmab A/S Com DKK 1.00 119 0.11


$'000


Denmark (31 May 2016: 1.24%) (cont)

Chemicals


Commercial services

2,798 ISS A/S Com DKK 1.00 96 0.09



Food


Healthcare products


Insurance

6,138 Tryg A/S Com DKK 5.00 110 0.11

Retail

746 Pandora A/S Com DKK 1.00 89 0.08

Telecommunications

21,711 TDC A/S Com DKK 1.00 111 0.11

Transportation

2,548 DSV A/S Com DKK 1.00 115 0.11


Finland (31 May 2016: 0.87%)


3,066 Nokian Renkaat Oyj Com NPV 111 0.11







2,615 Wartsila Oyj Abp Com NPV 111 0.11

Oil & gas


Pharmaceuticals

3,535 Orion Oyj Com EUR 0.65 150 0.14

Telecommunications



France (31 May 2016: 3.59%)

Advertising


Aerospace & defence

1,507 Thales SA Com EUR 3.00 147 0.14


Auto manufacturers


iSHARES IV PLC






$'000



France (31 May 2016: 3.59%) (cont)


2,060 Valeo SA Com EUR 1.00 115 0.11

Beverages

1,363 Remy Cointreau SA Com EUR 1.60 114 0.11


1,631 Imerys SA Com EUR 2.00 114 0.11

Chemicals

1,546 Arkema SA Com EUR 10.00 148 0.14

Commercial services


6,323 Edenred Com EUR 2.00 133 0.13

Computers

1,369 Atos SE Com EUR 1.00 142 0.13




6,916 Rexel SA Com EUR 5.00 107 0.10


2,006 Eurazeo SA Com NPV 109 0.10


1,952 Legrand SA Com EUR 4.00 109 0.10



1,499 Eiffage SA Com EUR 4.00 99 0.10

Food

2,056 Casino Guichard Perrachon SA Com EUR 1.53 93 0.09

1,079 Sodexo SA Com EUR 4.00 118 0.11

Hotels

2,589 Accor SA Com EUR 3.00 92 0.09

Insurance

3,490 SCOR SE Com EUR 7.876972 111 0.11

Internet



4,481 Alstom SA Com EUR 7.00 121 0.12

Media




Oil & gas services



1,208 Fonciere Des Regions Reits EUR 3.00 95 0.09



Specialty finance

1,044 Wendel SA Com EUR 4.00 121 0.12


$'000


France (31 May 2016: 3.59%) (cont)

Telecommunications


Transportation


Water

6,843 Suez Com EUR 4.00 96 0.09



Germany (31 May 2016: 2.23%)

Airlines




Chemicals

2,147 Brenntag AG Com NPV 113 0.11



4,298 K&S AG Com NPV 87 0.08


1,952 Symrise AG Com NPV 118 0.11



Electricity

9,026 RWE AG Com NPV 114 0.11


1,913 Fraport AG Frankfurt Airport Services Worldwide Com NPV 111 0.11


Insurance


Internet


Leisure time

7,652 TUI AG Com NPV 101 0.10



Media






Retail



Semiconductors


iSHARES IV PLC






$'000




Telecommunications



Hong Kong (31 May 2016: 1.15%)

Airlines

66,000 Cathay Pacific Airways Ltd Com NPV 89 0.09

Banks

31,600 Bank of East Asia Ltd Com NPV 131 0.12

Electricity


Fixed line telecommunications

195,000 PCCW Ltd Com NPV 113 0.11


25,500 Techtronic Industries Co Ltd Com NPV 99 0.09

Hotels

167,502 SJM Holdings Ltd Com NPV 136 0.13






19,000 Link REIT NPV 131 0.12

Telecommunications

90,000 HKT Trust & HKT Ltd Misc HKD 0.0005 117 0.11


Ireland (31 May 2016: 1.09%)

Banks

408,038 Bank of Ireland Com EUR 0.05 88 0.08


7,526 James Hardie Industries Plc Receipt EUR 0.59 116 0.11

Computers


Entertainment

857 Paddy Power Betfair Plc Com EUR 0.09 90 0.08

Food

1,428 Kerry Group Plc Com EUR 0.125 101 0.09


2,161 Pentair Plc Com USD 0.01 124 0.12

Oil & gas

1,044 DCC Plc Com EUR 0.25 80 0.08

Oil & gas services

22,159 Weatherford International Plc Com USD 0.001 114 0.11


$'000


Ireland (31 May 2016: 1.09%) (cont)

Pharmaceuticals

2,615 Alkermes Plc Com USD 0.01 148 0.14


691 Jazz Pharmaceuticals Plc Com USD 0.0001 72 0.07



Isle of Man (31 May 2016: 0.13%)

Entertainment

244,500 Genting Singapore Plc Com USD 0.10 166 0.16

Total Isle of Man 166 0.16

Israel (31 May 2016: 0.93%)

Banks


32,550 Bank Leumi Le-Israel BM Com ILS 0.10 132 0.13


Chemicals

29,963 Israel Chemicals Ltd Com ILS 1.00 115 0.11

Pharmaceuticals




Telecommunications

58,159 Bezeq The Israeli Telecommunication Corp Ltd Com ILS 1.00 107 0.10

1,770 Nice Ltd Com ILS 1.00 117 0.11


Italy (31 May 2016: 0.79%)

Aerospace & defence


Banks


25,592 Unione di Banche Italiane SpA Com EUR 2.50 57 0.05



Electricity

23,919 Terna Rete Elettrica Nazionale SpA Com EUR 0.22 103 0.10


3,164 Exor SpA Com NPV 133 0.13

Insurance



iSHARES IV PLC






$'000



Italy (31 May 2016: 0.79%) (cont)

Oil & gas services



Japan (31 May 2016: 20.33%)

Advertising

9,000 Hakuhodo DY Holdings Inc Com NPV 105 0.10

Aerospace & defence

42,000 IHI Corp Com NPV 117 0.11

36,298 Kawasaki Heavy Industries Ltd Com NPV 114 0.11

Apparel retailers

5,100 Asics Corp Com NPV 108 0.10

Auto manufacturers

11,500 Hino Motors Ltd Com NPV 117 0.11

21,000 Mitsubishi Motors Corp Com NPV 98 0.09



2,700 Koito Manufacturing Co Ltd Com NPV 141 0.13

5,200 NGK Insulators Ltd Com NPV 100 0.09

6,600 NGK Spark Plug Co Ltd Com NPV 136 0.13

12,900 NHK Spring Co Ltd Com NPV 121 0.12






Banks

37,000 Aozora Bank Ltd Com NPV 127 0.12








15,400 Iyo Bank Ltd Com NPV 99 0.09


30,100 Seven Bank Ltd Com NPV 85 0.08

65,000 Shinsei Bank Ltd Com NPV 104 0.10

14,000 Shizuoka Bank Ltd Com NPV 114 0.11

5,300 Suruga Bank Ltd Com NPV 120 0.11


Broadline retailers

9,400 J Front Retailing Co Ltd Com NPV 133 0.13

400 Ryohin Keikaku Co Ltd Com NPV 79 0.07



$'000


Japan (31 May 2016: 20.33%) (cont)


5,300 LIXIL Group Corp Com NPV 118 0.11

1,300 Rinnai Corp Com NPV 111 0.11

42,000 Taiheiyo Cement Corp Com NPV 131 0.12

2,700 TOTO Ltd Com NPV 104 0.10

Chemicals

8,200 Air Water Inc Com NPV 141 0.13







22,342 Mitsubishi Chemical Holdings Corp Com NPV 141 0.13



4,000 Nippon Paint Holdings Co Ltd Com NPV 126 0.12

24,650 Sumitomo Chemical Co Ltd Com NPV 113 0.11

11,694 Taiyo Nippon Sanso Corp Com NPV 128 0.12


Commercial services

5,100 Benesse Holdings Inc Com NPV 135 0.13

12,000 Dai Nippon Printing Co Ltd Com NPV 114 0.11

3,900 Park24 Co Ltd Com NPV 111 0.10

2,500 Sohgo Security Services Co Ltd Com NPV 102 0.10


Computers

2,700 Nomura Research Institute Ltd Com NPV 92 0.09

2,400 Obic Co Ltd Com NPV 106 0.10

2,500 Otsuka Corp Com NPV 122 0.12

2,100 TDK Corp Com NPV 141 0.13


5,400 Toyo Seikan Group Holdings Ltd Com NPV 102 0.10


1,300 Kose Corp Com NPV 104 0.10

1,400 Pola Orbis Holdings Inc Com NPV 109 0.10


21,000 Acom Co Ltd Com NPV 101 0.09

5,200 Aeon Financial Service Co Ltd Com NPV 87 0.08

5,200 Credit Saison Co Ltd Com NPV 93 0.09

7,800 Japan Exchange Group Inc Com NPV 116 0.11

36,780 Mebuki Financial Group Inc Com NPV 134 0.13

27,300 Mitsubishi UFJ Lease & Finance Co Ltd Com NPV 126 0.12



iSHARES IV PLC






$'000



Japan (31 May 2016: 20.33%) (cont)

Electrical components & equipment (cont)

6,490 Casio Computer Co Ltd Com NPV 85 0.08

2,452 Mabuchi Motor Co Ltd Com NPV 137 0.13

Electricity

8,900 Chugoku Electric Power Co Inc Com NPV 101 0.10

3,900 Electric Power Development Co Ltd Com NPV 86 0.08

9,000 Hokuriku Electric Power Co Com NPV 98 0.09

11,600 Kyushu Electric Power Co Inc Com NPV 114 0.11

10,200 Shikoku Electric Power Co Inc Com NPV 98 0.09

7,900 Tohoku Electric Power Co Inc Com NPV 92 0.09

21,900 Tokyo Electric Power Co Holdings Inc Com NPV 82 0.08

Electronics

6,400 Alps Electric Co Ltd Com NPV 161 0.15

4,263 Hamamatsu Photonics KK Com NPV 113 0.11

1,200 Hirose Electric Co Ltd Com NPV 144 0.14


12,795 Minebea Co Ltd Com NPV 127 0.12





2,783 Japan Airport Terminal Co Ltd Com NPV 104 0.10

9,133 JGC Corp Com NPV 151 0.14

15,000 Kajima Corp Com NPV 105 0.10

10,600 Obayashi Corp Com NPV 101 0.10

13,000 Shimizu Corp Com NPV 120 0.11

14,000 Taisei Corp Com NPV 102 0.10

Entertainment

2,700 Sankyo Co Ltd Com NPV 85 0.08


4,000 Toho Co Ltd Com NPV 115 0.11


5,200 Kurita Water Industries Ltd Com NPV 108 0.10

Food

2,700 Calbee Inc Com NPV 84 0.08

3,000 Kikkoman Corp Com NPV 92 0.08

4,000 NH Foods Ltd Com NPV 103 0.10

6,600 Nisshin Seifun Group Inc Com NPV 93 0.09

2,400 Nissin Foods Holdings Co Ltd Com NPV 125 0.12


4,200 Yamazaki Baking Co Ltd Com NPV 84 0.08




$'000


Japan (31 May 2016: 20.33%) (cont)

Gas




1,600 Makita Corp Com NPV 109 0.10

5,200 THK Co Ltd Com NPV 112 0.11



Healthcare products

5,000 Cyberdyne Inc Com NPV 65 0.06

7,984 Shimadzu Corp Com NPV 122 0.12

Home builders



Home furnishings

1,300 Hoshizaki Corp Com NPV 110 0.11

99,000 Sharp Corp Com NPV 163 0.15

Internet


3,800 M3 Inc Com NPV 98 0.09


9,200 SBI Holdings Inc Com NPV 116 0.11


2,700 Trend Micro Inc Com NPV 97 0.09

Iron & steel


11,800 Kobe Steel Ltd Com NPV 112 0.11

Leisure time

3,960 Yamaha Corp Com NPV 121 0.12

6,500 Yamaha Motor Co Ltd Com NPV 150 0.14






7,700 Hitachi Construction Machinery Co Ltd Com NPV 159 0.15


3,700 Maruichi Steel Tube Ltd Com NPV 119 0.11

10,500 NSK Ltd Com NPV 115 0.11

Mining



11,800 Konica Minolta Inc Com NPV 113 0.10

9,165 Nikon Corp Com NPV 135 0.13


6,700 Seiko Epson Corp Com NPV 135 0.13

Oil & gas


iSHARES IV PLC






$'000



Japan (31 May 2016: 20.33%) (cont)

Oil & gas (cont)

10,600 Showa Shell Sekiyu KK Com NPV 95 0.09


Pharmaceuticals


2,400 Hisamitsu Pharmaceutical Co Inc Com NPV 116 0.11


7,900 Santen Pharmaceutical Co Ltd Com NPV 97 0.09





7,900 Aeon Mall Co Ltd Com NPV 114 0.11

11,700 Hulic Co Ltd Com NPV 110 0.10

6,600 Nomura Real Estate Holdings Inc Com NPV 107 0.10

11,700 NTT Urban Development Corp Com NPV 101 0.10

9,400 Tokyo Tatemono Co Ltd Com NPV 122 0.12

18,400 Tokyu Fudosan Holdings Corp Com NPV 106 0.10


31 Daiwa House REIT Investment Corp NPV 77 0.07

26 Japan Prime Realty Investment Corp Reits NPV 106 0.10

17 Japan Real Estate Investment Corp Reits NPV 92 0.09

53 Japan Retail Fund Investment Corp Reits NPV 108 0.10

50 Nippon Prologis REIT Inc NPV 103 0.10

78 Nomura Real Estate Master Fund Inc Reits NPV 115 0.11

78 United Urban Investment Corp Reits NPV 119 0.11

Restaurants & bars

4,000 McDonald's Holdings Co Japan Ltd Com NPV 110 0.10

Retail

1,500 ABC-Mart Inc Com NPV 88 0.08

3,500 Don Quijote Holdings Co Ltd Com NPV 134 0.13

2,800 FamilyMart UNY Holdings Co Ltd Com NPV 175 0.17

12,000 Isetan Mitsukoshi Holdings Ltd Com NPV 133 0.12

1,400 Lawson Inc Com NPV 97 0.09

6,700 Marui Group Co Ltd Com NPV 93 0.09

1,300 Nitori Holdings Co Ltd Com NPV 136 0.13

1,100 Shimamura Co Ltd Com NPV 131 0.12


$'000


Japan (31 May 2016: 20.33%) (cont)

Retail (cont)


1,200 Tsuruha Holdings Inc Com NPV 123 0.12

6,600 USS Co Ltd Com NPV 106 0.10


Semiconductors


Software

40,400 GungHo Online Entertainment Inc Com NPV 90 0.09


6,518 Nexon Co Ltd Com NPV 91 0.09

2,200 Oracle Corp Japan Com NPV 110 0.10

Storage & warehousing

11,000 Mitsubishi Logistics Corp Com NPV 149 0.14

Telecommunications

1,400 Hikari Tsushin Inc Com NPV 125 0.12

Toys

5,200 Bandai Namco Holdings Inc Com NPV 149 0.14

Transportation

2,800 Hankyu Hanshin Holdings Inc Com NPV 89 0.09


14,000 Keihan Holdings Co Ltd Com NPV 89 0.09

13,000 Keikyu Corp Com NPV 140 0.13

13,000 Keio Corp Com NPV 104 0.10

5,300 Keisei Electric Railway Co Ltd Com NPV 126 0.12

51,000 Mitsui OSK Lines Ltd Com NPV 131 0.13

24,000 Nagoya Railroad Co Ltd Com NPV 118 0.11

24,534 Nippon Express Co Ltd Com NPV 127 0.12

53,000 Nippon Yusen KK Com NPV 98 0.09

6,000 Odakyu Electric Railway Co Ltd Com NPV 118 0.11

5,200 Seibu Holdings Inc Com NPV 93 0.09

25,000 Tobu Railway Co Ltd Com NPV 120 0.11


Jersey (31 May 2016: 0.36%)



Mining


Oil & gas services



Liberia (31 May 2016: 0.09%)

Leisure time

1,449 Royal Caribbean Cruises Ltd Com USD 0.01 117 0.11


iSHARES IV PLC






$'000




Iron & steel


Telecommunications

2,108 Millicom International Cellular SA Receipt USD 1.50 89 0.08




Agriculture

458,300 Golden Agri-Resources Ltd Com USD 0.025 136 0.13

Total Mauritius 136 0.13


Auto manufacturers


17,197 Fiat Chrysler Automobiles NV Com EUR 0.01 133 0.13

Chemicals

1,796 Koninklijke DSM NV Com EUR 1.50 109 0.11

6,627 OCI NV Com EUR 20.00 97 0.09

Commercial services

2,214 Randstad Holding NV Com EUR 0.10 112 0.10

Computers



3,146 AerCap Holdings NV Com EUR 0.01 135 0.13

Electronics

3,167 Sensata Technologies Holding NV Com EUR 0.01 118 0.11



Healthcare products

4,935 Qiagen NV Com EUR 0.01 136 0.13

Insurance



18,424 CNH Industrial NV Com EUR 0.01 157 0.15

Media


Oil & gas services


Pipelines


Semiconductors


Telecommunications

28,200 Koninklijke KPN NV Com EUR 0.04 81 0.08



$'000




18,976 Fletcher Building Ltd Com NPV 138 0.13

Electricity

33,958 Contact Energy Ltd Com NPV 112 0.11

50,548 Mercury Ltd Com NPV 105 0.10

60,286 Meridian Energy Ltd Com NPV 110 0.10


25,413 Auckland International Airport Ltd Com NPV 111 0.11



Telecommunications

47,875 Spark New Zealand Ltd Com NPV 120 0.11


Norway (31 May 2016: 0.43%)

Food


12,560 Orkla ASA Com NOK 1.25 112 0.11

Insurance


Media

2,540 Schibsted ASA Class 'B' Com NOK 0.50 52 0.05

1,821 Schibsted ASA Com NOK 0.50 39 0.04

Mining



Portugal (31 May 2016: 0.33%)

Food


Oil & gas




Commercial services

261,400 Hutchison Port Holdings Trust Unit NPV 110 0.10


20,600 Singapore Exchange Ltd Com NPV 105 0.10

Electronics



57,000 Sembcorp Industries Ltd Com NPV 107 0.10

Hotels

21,926 City Developments Ltd Com NPV 128 0.12


93,460 Sembcorp Marine Ltd Com NPV 91 0.09

iSHARES IV PLC






$'000



Singapore (31 May 2016: 1.57%) (cont)

Marine transportation (cont)


Media

7,200 Singapore Press Holdings Ltd Com NPV 19 0.02




67,641 Ascendas Real Estate Investment Trust NPV 110 0.10

109,100 CapitaLand Commercial Trust Reits NPV 116 0.11

85,800 CapitaLand Mall Trust Reits NPV 117 0.11

93,700 Suntec Real Estate Investment Trust NPV 111 0.11

Telecommunications

44,000 StarHub Ltd Com NPV 88 0.08

Transportation

51,800 ComfortDelGro Corp Ltd Com NPV 91 0.09


Spain (31 May 2016: 0.94%)

Banks




Electricity




805 Aena SA Com EUR 10.00 107 0.10

Food


Gas distribution

435 Enagas SA Com EUR 1.50 11 0.01

Insurance

41,544 Mapfre SA Com EUR 0.10 125 0.12



Pharmaceuticals

5,654 Grifols SA Com EUR 0.25 111 0.10


Sweden (31 May 2016: 1.62%)

Agriculture


Commercial services



$'000


Sweden (31 May 2016: 1.62%) (cont)



Food


Healthcare products



6,407 Industrivarden AB Com SEK 2.50 111 0.11

Home furnishings

4,237 Electrolux AB Com SEK 5.00 99 0.09





6,570 SKF AB Com SEK 2.50 118 0.11

Mining



6,784 Alfa Laval AB Com SEK 2.84 102 0.10

Oil & gas


Specialty finance

3,699 Kinnevik AB Com SEK 0.10 91 0.09

Telecommunications

13,076 Tele2 AB Com SEK 1.25 99 0.09

1,383 Tele2 AB Com NPV 11 0.01



Beverages




27 Sika AG Com CHF 0.60 131 0.13

Chemicals




Commercial services

1,745 Adecco Group AG Com CHF 1.00 107 0.10


2,685 Julius Baer Group Ltd Com CHF 0.02 118 0.11


Electronics


Food

2,841 Aryzta AG Com CHF 0.02 121 0.12


iSHARES IV PLC






$'000




Food (cont)

15 Chocoladefabriken Lindt & Spruengli AG Com CHF 10.00 74 0.07

Healthcare products

857 Sonova Holding AG Com CHF 0.05 103 0.10

Insurance



Pharmaceuticals

689 Actelion Ltd Com CHF 0.50 133 0.12

89 Galenica AG Com CHF 0.10 94 0.09



Retail

746 Dufry AG Com CHF 5.00 92 0.09

Specialty finance

1,693 Pargesa Holding SA Com CHF 20.00 107 0.10



Aerospace & defence



Airlines


Apparel retailers



28,997 GKN Plc Com GBP 0.10 112 0.11

Banks


Chemicals



Commercial services

6,962 Aggreko Plc Com GBP 0.04832911 71 0.07



3,925 Bunzl Plc Com GBP 0.3214286 101 0.10


35,454 G4S Plc Com GBP 0.25 108 0.10


2,212 Nielsen Holdings Plc Com EUR 0.07 95 0.09




$'000





17,241 ICAP Plc Com GBP 0.10 105 0.10





Entertainment

19,654 Merlin Entertainments Plc Com GBP 0.01 107 0.10

24,896 William Hill Plc Com GBP 0.10 94 0.09

Food





5,119 Mondi Plc Com EUR 0.20 104 0.10


9,232 Mediclinic International Plc Com GBP 0.10 82 0.08

Healthcare products


Home builders





Hotels


1,990 Whitbread Plc Com GBP 0.767974 86 0.08

Insurance







Internet


Leisure time

2,121 Carnival Plc Com USD 1.66 107 0.10



iSHARES IV PLC






$'000




Media

34,892 ITV Plc Com GBP 0.10 73 0.07

3,118 Liberty Global Plc LiLAC Misc USD 0.01 66 0.06

Mining


18,217 Antofagasta Plc Com GBP 0.05 157 0.15



8,377 IMI Plc Com GBP 0.2857 101 0.10


Pharmaceuticals





26,651 Intu Properties Plc Reits GBP 0.50 90 0.09



Retail





Software


Specialty finance


Telecommunications


Transportation


Water


9,521 United Utilities Group Plc Com GBP 0.05 105 0.10



Advertising

4,739 Interpublic Group of Cos Inc Com USD 0.10 114 0.11

Aerospace & defence

4,160 Arconic Inc Com USD 1.00 80 0.08

2,200 B/E Aerospace Inc Com USD 0.01 132 0.12




$'000



Aerospace & defence (cont)



Apparel retailers

4,068 Hanesbrands Inc Com USD 0.01 94 0.09


1,134 Ralph Lauren Corp Com USD 0.01 119 0.11

1,488 Under Armour Inc Class ‘C’ Com USD 0.000333 38 0.04

1,481 Under Armour Inc Com USD 0.000333 46 0.04


885 Autoliv Inc Com USD 1.00 92 0.09

3,138 BorgWarner Inc Com USD 0.01 112 0.11


1,018 Lear Corp Com USD 0.01 132 0.12


Banks


2,395 Comerica Inc Com USD 5.00 153 0.15

6,652 Fifth Third Bancorp Com NPV 173 0.16

1,629 First Republic Bank Com USD 0.01 133 0.13

14,775 Huntington Bancshares Inc Com USD 0.01 184 0.17

11,535 KeyCorp Com USD 1.00 200 0.19

7,417 New York Community Bancorp Inc Com USD 0.01 119 0.11



Beverages


1,118 Molson Coors Brewing Co Com USD 0.01 110 0.10

Biotechnology

1,899 Alnylam Pharmaceuticals Inc Com USD 0.01 83 0.08

1,410 BioMarin Pharmaceutical Inc Com USD 0.001 121 0.11

1,356 Incyte Corp Com USD 0.001 139 0.13



2,019 Fortune Brands Home & Security Inc Com USD 0.01 111 0.11


3,673 Masco Corp Com USD 1.00 116 0.11


Chemicals


1,096 Ashland Global Holdings Inc Com USD 0.01 124 0.12

iSHARES IV PLC






$'000




Chemicals (cont)


3,486 CF Industries Holdings Inc Com USD 0.01 101 0.10


2,516 FMC Corp Com USD 0.10 141 0.13


3,869 Mosaic Co Com USD 0.01 110 0.10


1,391 WR Grace & Co Com USD 0.01 91 0.09

Commercial services

312 Amerco Com USD 0.25 107 0.10

3,353 Aramark Com USD 0.01 115 0.11



691 FleetCor Technologies Inc Com USD 0.001 103 0.10

1,110 Gartner Inc Com USD 0.0005 114 0.11

1,694 Global Payments Inc Com NPV 116 0.11

5,200 H&R Block Inc Com NPV 115 0.11



4,058 Sabre Corp Com USD 0.01 105 0.10


1,640 United Rentals Inc Com USD 0.01 166 0.16


1,420 Verisk Analytics Inc Com USD 0.001 118 0.11


Computers

2,600 Dell Technologies Inc Com USD 0.01 139 0.13

3,211 Fortinet Inc Com USD 0.001 96 0.09


2,894 Western Digital Corp Com USD 0.01 184 0.18


2,281 Ball Corp Com NPV 171 0.16

2,278 Crown Holdings Inc Com USD 5.00 124 0.12


2,646 Sealed Air Corp Com USD 0.10 121 0.11



1,384 Edgewell Personal Care Co Com USD 0.01 110 0.10


2,780 Fastenal Co Com USD 0.01 132 0.13

3,977 LKQ Corp Com USD 0.01 130 0.12



$'000





558 Alliance Data Systems Corp Com USD 0.01 128 0.12



3,977 E*Trade Financial Corp Com USD 0.01 137 0.13


3,352 FNF Group Com USD 0.0001 107 0.10

1,769 Nasdaq Inc Com USD 0.01 113 0.11






2,147 AMETEK Inc Com USD 0.01 102 0.10

Electricity

11,318 AES Corp Com USD 0.01 130 0.12



7,183 Calpine Corp Com USD 0.001 80 0.08

3,131 CMS Energy Corp Com USD 0.01 126 0.12

1,228 DTE Energy Co Com NPV 114 0.11

1,970 Eversource Energy Com USD 5.00 102 0.10

7,040 NRG Energy Inc Com USD 0.01 80 0.07




2,187 WEC Energy Group Inc Com USD 0.01 122 0.12


Electronics

2,317 Amphenol Corp Com USD 0.001 158 0.15


2,616 Avnet Inc Com USD 1.00 120 0.11



4,831 Trimble Inc Com NPV 136 0.13





1,104 SBA Communications Corp Com USD 0.01 109 0.11


1,208 Stericycle Inc Com USD 0.01 88 0.08

iSHARES IV PLC






$'000




Food


858 JM Smucker Co Com NPV 108 0.10


2,498 WhiteWave Foods Co Com USD 0.01 138 0.13


Gas


4,982 CenterPoint Energy Inc Com USD 0.01 119 0.11

5,089 NiSource Inc Com USD 0.01 112 0.11


Gold mining





1,926 Centene Corp Com USD 0.001 111 0.11

1,653 DaVita Inc Com USD 0.001 105 0.10

4,312 Envision Healthcare Holdings Inc Com USD 0.01 98 0.09





Healthcare products


547 CR Bard Inc Com USD 0.25 115 0.11

1,809 Dentsply Sirona Inc Com USD 0.01 105 0.10


3,071 Hologic Inc Com USD 0.01 118 0.11

1,262 IDEXX Laboratories Inc Com USD 0.10 149 0.14

2,657 Patterson Cos Inc Com USD 0.01 103 0.10




5,903 Leucadia National Corp Com USD 1.00 130 0.12

Home builders

3,789 DR Horton Inc Com USD 0.01 105 0.10

2,540 Lennar Corp Com USD 0.10 108 0.10

5,904 PulteGroup Inc Com USD 0.01 112 0.11


Home furnishings

1,541 Harman International Industries Inc Com USD 0.01 168 0.16

2,499 Leggett & Platt Inc Com USD 0.01 120 0.11

694 Whirlpool Corp Com USD 1.00 113 0.11


$'000



Hotels

4,818 MGM Resorts International Com USD 0.01 138 0.13

1,559 Wyndham Worldwide Corp Com USD 0.01 112 0.11

1,234 Wynn Resorts Ltd Com USD 0.01 126 0.12



Insurance


2,421 Arthur J Gallagher & Co Com USD 1.00 122 0.12











Internet

2,406 CDW Corp Com USD 0.01 123 0.12

1,070 Expedia Inc Com USD 0.001 133 0.13


743 Palo Alto Networks Inc Com USD 0.0001 100 0.09

1,640 TripAdvisor Inc Com USD 0.001 79 0.07

1,267 VeriSign Inc Com USD 0.001 100 0.09


Leisure time

2,373 Harley-Davidson Inc Com USD 0.01 145 0.14

1,215 Polaris Industries Inc Com USD 0.01 105 0.10


2,382 AGCO Corp Com USD 0.01 133 0.13

2,563 Flowserve Corp Com USD 1.25 122 0.11


572 Roper Technologies Inc Com USD 0.01 104 0.10

1,523 Wabtec Corp Com USD 0.01 129 0.12

2,954 Xylem Inc Com USD 0.01 152 0.14

Media

2,826 Discovery Communications Inc Class 'C' Com USD 0.01 75 0.07

1,800 Discovery Communications Inc Com USD 0.01 49 0.05

1,756 Liberty Broadband Corp Com USD 0.01 125 0.12

2,629 Liberty SiriusXM Group Class 'C' Com USD 0.01 94 0.09

iSHARES IV PLC






$'000




Media (cont)

883 Liberty SiriusXM Group Com USD 0.01 32 0.03

9,465 News Corp Com USD 0.01 109 0.10

2,017 Scripps Networks Interactive Inc Com USD 0.01 140 0.13

4,974 Tegna Inc Com USD 1.00 111 0.11

Mining

9,930 Freeport-McMoRan Inc Com USD 0.10 152 0.14



1,681 Dover Corp Com USD 1.00 122 0.12

1,057 Parker-Hannifin Corp Com USD 0.50 147 0.14

2,871 Textron Inc Com USD 0.125 132 0.12



Oil & gas

4,398 Antero Resources Corp Com USD 0.01 108 0.10

4,701 Cabot Oil & Gas Corp Com USD 0.10 104 0.10

3,386 Cheniere Energy Inc Com USD 0.003 138 0.13

888 Cimarex Energy Co Com USD 0.01 122 0.11

1,031 Concho Resources Inc Com USD 0.001 148 0.14

2,659 Continental Resources Inc Com USD 0.01 154 0.15

1,575 EQT Corp Com NPV 110 0.10




3,967 Murphy Oil Corp Com USD 1.00 135 0.13

2,783 Newfield Exploration Co Com USD 0.01 126 0.12

2,889 Range Resources Corp Com USD 0.01 102 0.10



Oil & gas services

4,038 FMC Technologies Inc Com USD 0.01 138 0.13

Pipelines

2,627 Oneok Inc Com USD 0.01 144 0.14



3,738 CBRE Group Inc Com USD 0.01 109 0.11


3,442 Realogy Holdings Corp Com USD 0.01 83 0.08



1,058 Alexandria Real Estate Equities Inc Reits USD 0.01 116 0.11


6,483 Brixmor Property Group Inc Reits USD 0.01 158 0.15


$'000




1,303 Camden Property Trust Reits USD 0.01 103 0.10

1,278 Digital Realty Trust Inc Reits USD 0.01 118 0.11

4,764 Duke Realty Corp Reits USD 0.01 121 0.11

486 Essex Property Trust Inc Reits USD 0.0001 105 0.10

1,324 Extra Space Storage Inc Reits USD 0.01 93 0.09


7,291 Host Hotels & Resorts Inc Reits USD 0.01 130 0.12

3,003 Iron Mountain Inc Reits USD 0.01 99 0.09

4,012 Kimco Realty Corp Reits USD 0.01 103 0.10


1,510 Macerich Co Reits USD 0.01 103 0.10

1,106 Mid-America Apartment Communities Inc Reits USD 0.01 101 0.10


1,462 Regency Centers Corp Reits USD 0.01 98 0.09

1,026 SL Green Realty Corp Reits USD 0.01 108 0.10

3,084 UDR Inc Reits USD 0.01 105 0.10


Restaurants & bars

1,654 Darden Restaurants Inc Com NPV 121 0.12

Retail

777 Advance Auto Parts Inc Com USD 0.0001 132 0.12

2,445 AutoNation Inc Com USD 0.01 109 0.10



2,227 CarMax Inc Com USD 0.50 129 0.12

2,862 Coach Inc Com USD 0.01 104 0.10


1,642 Dollar Tree Inc Com USD 0.01 145 0.14



6,940 Gap Inc Com USD 0.05 173 0.16


4,689 Liberty Interactive Corp QVC Group Com USD 0.01 97 0.09

1,784 lululemon Athletica Inc Com USD 0.005 102 0.10

2,996 Nordstrom Inc Com NPV 167 0.16

1,376 PVH Corp Com USD 1.00 146 0.14



1,605 Tiffany & Co Com USD 0.01 132 0.13

1,312 Tractor Supply Co Com USD 0.008 98 0.09


iSHARES IV PLC






$'000




Savings & loans

7,819 People's United Financial Inc Com USD 0.01 146 0.14

Semiconductors

1,761 Analog Devices Inc Com USD 0.167 131 0.12

1,637 KLA-Tencor Corp Com USD 0.001 131 0.12



2,771 Maxim Integrated Products Inc Com USD 0.001 109 0.10


2,502 NVIDIA Corp Com USD 0.001 231 0.22

2,121 Qorvo Inc Com USD 0.0001 113 0.11


2,434 Xilinx Inc Com USD 0.01 131 0.12

Software


1,356 Ansys Inc Com USD 0.01 128 0.12



5,047 Cadence Design Systems Inc Com USD 0.01 133 0.13


1,326 Citrix Systems Inc Com USD 0.001 115 0.11

1,018 Dun & Bradstreet Corp Com USD 0.01 124 0.12

1,402 MSCI Inc Com USD 0.01 110 0.10


1,528 Red Hat Inc Com USD 0.0001 121 0.11

1,507 ServiceNow Inc Com USD 0.001 125 0.12

2,138 Splunk Inc Com USD 0.001 123 0.12


1,614 Workday Inc Com USD 0.001 136 0.13

Telecommunications

25,483 Frontier Communications Corp Com USD 0.25 93 0.09


2,095 Level 3 Communications Inc Com USD 0.01 115 0.11

Textile

583 Mohawk Industries Inc Com USD 0.01 115 0.11

Toys

1,447 Hasbro Inc Com USD 0.50 124 0.12

3,597 Mattel Inc Com USD 1.00 113 0.11


$'000



Transportation




1,286 Kansas City Southern Com USD 0.01 114 0.11

Water

1,485 American Water Works Co Inc Com USD 0.01 108 0.10



Rights (31 May 2016: 0.01%)

Canada (31 May 2016: Nil)

1,322 Yamana Gold Inc - Rights 21 December 2016* - 0.00

Total Canada - 0.00

Spain (31 May 2016: 0.01%)

Total rights - 0.00

No. of contracts

Underlying Exposure

$'000 Fair value

$'000

% of net Assets value



30 IBEX Mini Index Futures December 2016* 276 - 0.00

3

Mini MSCi Emerging Markets Index Futures December 2016 246 (1) 0.00




Net unrealised gains on futures contracts 3 0.00


Fair value

$'000



Cash† 5,991 5.68



iSHARES IV PLC





Fair value

$'000




† Cash holdings of $5,950,432 are held with State Street Bank and Trust Company. $40,707 is held as security for futures contracts with Barclays Bank Plc. * Investments which are less than $500 are rounded to zero.








Fair value $'000






iSHARES IV PLC







Sales Purchases

1,531 Quintiles Transnational Holdings Inc Com USD 0.01 124 2,246 Waste Connections Inc Com NPV 166

3,453 IMS Health Holdings Inc Com USD 0.01 108 6,940 Gap Inc Com USD 0.05 148

7,000 Daihatsu Motor Co Ltd Com NPV 100 2,894 Western Digital Corp Com USD 0.01 143

1,220 Starwood Hotels & Resorts Worldwide Inc Com USD 0.01 94 99,000 Sharp Corp Com NPV 136

3,714 Koninklijke Ahold NV Com EUR 0.01 88 2,852 Covestro AG Com NPV 135

211 Equinix Inc Reits USD 0.001 76 1,900 FamilyMart UNY Holdings Co Ltd Com NPV 133

17,594 Kinross Gold Corp Com NPV 76 1,200 Tsuruha Holdings Inc Com NPV 131

17,319 Yamana Gold Inc Com NPV 73 5,047 Cadence Design Systems Inc Com USD 0.01 125

500 Daito Trust Construction Co Ltd Com NPV 73 915 Domino's Pizza Inc Com USD 0.01 123

1,135 Tyson Foods Inc Com USD 0.10 72 5,089 NiSource Inc Com USD 0.01 123

2,392 Ionis Pharmaceuticals Inc Com 0.001 71 1,605 AO Smith Corp Com USD 1.00 122

12,644 Sydney Airport Misc NPV 65 1,262 IDEXX Laboratories Inc Com USD 0.10 122

6,096 Teck Resources Ltd Com NPV 59 4,466 Axalta Coating Systems Ltd Com USD 1.00 121

11,925 ArcelorMittal Com NPV 59 4,224 Seagate Technology Plc Com USD 0.00001 121

594 Edwards Lifesciences Corp Com USD 1.00 59 1,756 Liberty Broadband Corp Com 0.01 121

12,327 Iluka Resources Ltd Com NPV 58 1,400 Pola Orbis Holdings Inc Com NPV 120

2,259 Quanta Services Inc Com USD 0.00001 54 2,600 Dell Technologies Inc Com USD 0.01 120

2,400 Itochu Techno-Solutions Corp Com NPV 53 2,132 Westar Energy Inc Com USD 5.00 120

1,739 Teradata Corp Com USD 0.01 49 2,307 Domino's Pizza Enterprises Ltd Com NPV 119

1,079 Agnico Eagle Mines Ltd Com NPV 49 7,168 Marine Harvest ASA Com NOK 7.50 119

3,704 Marathon Oil Corp Com USD 1.00 48

1,189 Chicago Bridge & Iron Co NV Com EUR 0.01 45





iSHARES IV PLC

iShares Edge MSCI World Value Factor UCITS ETF





2016 $’000


2015 $’000






Finance costs:













2016 $’000


2015 $’000



Share transactions:





iSHARES IV PLC






31 May 2016 $’000

CURRENT ASSETS

Cash 41,038 941





CURRENT LIABILITIES


Payables (37,131) (15,671)







iSHARES IV PLC






$'000



Equities (31 May 2016: 109.11%)


Airlines


Electricity

144,885 Origin Energy Ltd Com NPV 636 0.09

Mining

533,249 South32 Ltd Com NPV 1,064 0.14

Oil & gas

97,840 Santos Ltd Com NPV 284 0.04


Austria (31 May 2016: 0.22%)

Banks



16,254 OMV AG Com NPV 524 0.07

Iron & steel



Belgium (31 May 2016: 1.03%)

Chemicals

4,009 Solvay SA Com EUR 15.00 458 0.06

Insurance

13,243 Ageas Com NPV 494 0.07


Bermuda (31 May 2016: 1.17%)

Agriculture

71,360 Bunge Ltd Com USD 0.01 4,875 0.65

Apparel retailers


Food




Hotels

18,000 Shangri-La Asia Ltd Com HKD 1.00 20 0.00

Insurance

481 Everest Re Group Ltd Com USD 0.01 101 0.01




Semiconductors




$'000


Canada (31 May 2016: 1.28%)



36,415 Magna International Inc Com NPV 1,470 0.20

Electricity


Food

78,085 Empire Co Ltd Com NPV 1,057 0.14

Insurance

17,083 Power Corp of Canada Com NPV 381 0.05

Mining


122,844 First Quantum Minerals Ltd Com NPV 1,401 0.19

116,712 Teck Resources Ltd Com NPV 2,951 0.39

Pharmaceuticals

44,552 Valeant Pharmaceuticals International Inc Com NPV 702 0.09



Food

2,520,000 WH Group Ltd Com USD 0.0001 2,060 0.28


457,240 CK Hutchison Holdings Ltd Com HKD 1.00 5,568 0.74


177,340 Cheung Kong Property Holdings Ltd Com HKD 1.00 1,210 0.16


Denmark (31 May 2016: 1.16%)

Beverages

35,228 Carlsberg A/S Com DKK 20.00 2,996 0.40

Telecommunications

35,868 TDC A/S Com DKK 1.00 183 0.02

Transportation

1,000 AP Moeller - Maersk A/S Com DKK 1000.00 1,270 0.17

1,569 AP Moeller - Maersk A/S Class 'B' Com DKK 1000.00 2,091 0.28


Finland (31 May 2016: 0.67%)

Electricity






France (31 May 2016: 6.83%)

Auto manufacturers


28,101 Renault SA Com EUR 3.81 2,216 0.30

iSHARES IV PLC






$'000



France (31 May 2016: 6.83%) (cont)



Banks


90,047 Credit Agricole SA Com EUR 3.00 1,017 0.14




Computers

8,596 Atos SE Com EUR 1.00 889 0.12


47,534 Rexel SA Com EUR 5.00 735 0.10

Electricity


178,020 Engie SA Com EUR 1.00 2,200 0.29

Food

39,078 Carrefour SA Com EUR 2.50 917 0.12

25,199 Casino Guichard Perrachon SA Com EUR 1.53 1,147 0.15

Insurance

117,025 AXA SA Com EUR 2.29 2,757 0.37


8,470 SCOR SE Com EUR 7.876972 269 0.04

Media


Oil & gas

163,692 Total SA Com EUR 2.50 7,806 1.04

Oil & gas services


Pharmaceuticals

111,249 Sanofi Com EUR 2.00 8,982 1.20

Telecommunications

103,492 Orange SA Com EUR 4.00 1,510 0.20


Germany (31 May 2016: 4.95%)

Airlines

80,052 Deutsche Lufthansa AG Com NPV 1,037 0.14

Auto manufacturers




24,535 Porsche Automobil Holding SE Pref NPV 1,243 0.17



Banks

110,090 Commerzbank AG Com NPV 767 0.10



$'000





Chemicals

25,630 K&S AG Com NPV 520 0.07

Electricity

234,687 E.ON SE Com NPV 1,549 0.21

59,413 RWE AG Com NPV 749 0.10

Food

33,871 Metro AG Com NPV 1,011 0.14

Insurance



Pharmaceuticals



Hong Kong (31 May 2016: 0.71%)

Airlines

266,000 Cathay Pacific Airways Ltd Com NPV 360 0.05


42,500 Swire Pacific Ltd Com HKD 0.60 423 0.06


Hotels

91,000 SJM Holdings Ltd Com NPV 74 0.01


89,000 Hang Lung Properties Ltd Com NPV 200 0.03

82,210 Henderson Land Development Co Ltd Com NPV 454 0.06




91,000 Sun Hung Kai Properties Ltd Com NPV 1,189 0.15



Ireland (31 May 2016: 2.39%)

Computers

42,439 Seagate Technology Plc Com USD 0.00001 1,702 0.23

Healthcare products

90,403 Medtronic Plc Com USD 0.10 6,598 0.89

Pharmaceuticals

20,896 Allergan Plc Com USD 0.0033 4,056 0.54



8,925 Perrigo Co Plc Com NPV 771 0.10


Israel (31 May 2016: 1.05%)

Banks


iSHARES IV PLC






$'000



Israel (31 May 2016: 1.05%) (cont)

Banks (cont)



Pharmaceuticals


114,085 Teva Pharmaceutical Industries Ltd Com ILS 0.10 4,223 0.57

Total Israel 5,451 0.73

Italy (31 May 2016: 1.30%)

Banks



451,756 UniCredit SpA Com NPV 968 0.13

85,242 Unione di Banche Italiane SpA Com EUR 2.50 190 0.03

Electricity

618,875 Enel SpA Com EUR 1.00 2,503 0.33

Insurance


Oil & gas

157,304 Eni SpA Com NPV 2,193 0.29

Oil & gas services


Telecommunications

562,831 Telecom Italia SpA Com NPV 426 0.06

401,035 Telecom Italia SpA Misc NPV 249 0.03


Japan (31 May 2016: 27.89%)

Aerospace & defence

88,000 Kawasaki Heavy Industries Ltd Com NPV 277 0.04

Airlines


Auto manufacturers

54,400 Fuji Heavy Industries Ltd Com NPV 2,216 0.30

46,400 Hino Motors Ltd Com NPV 473 0.06

191,300 Honda Motor Co Ltd Com NPV 5,592 0.76

63,700 Isuzu Motors Ltd Com NPV 754 0.10

63,500 Mazda Motor Corp Com NPV 1,021 0.14

108,600 Mitsubishi Motors Corp Com NPV 504 0.07

318,800 Nissan Motor Co Ltd Com NPV 2,955 0.40

27,500 Suzuki Motor Corp Com NPV 887 0.12

308,400 Toyota Motor Corp Com NPV 17,974 2.40


18,300 Aisin Seiki Co Ltd Com NPV 784 0.10

61,800 Bridgestone Corp Com NPV 2,367 0.32

37,200 Denso Corp Com NPV 1,625 0.22



$'000


Japan (31 May 2016: 27.89%) (cont)

Auto parts & equipment (cont)

18,200 NHK Spring Co Ltd Com NPV 171 0.02



91,177 Sumitomo Electric Industries Ltd Com NPV 1,281 0.17



18,000 Toyota Industries Corp Com NPV 845 0.11


Banks








9,200 Iyo Bank Ltd Com NPV 59 0.01

9,800 Japan Post Bank Co Ltd Com NPV 116 0.02


1,159,620 Mitsubishi UFJ Financial Group Inc Com NPV 6,796 0.91

2,043,900 Mizuho Financial Group Inc Com NPV 3,627 0.48

209,900 Resona Holdings Inc Com NPV 1,013 0.14

180,000 Shinsei Bank Ltd Com NPV 288 0.04

13,000 Shizuoka Bank Ltd Com NPV 106 0.01

126,581 Sumitomo Mitsui Financial Group Inc Com NPV 4,669 0.62

26,500 Sumitomo Mitsui Trust Holdings Inc Com NPV 965 0.13


Broadline retailers

18,200 J Front Retailing Co Ltd Com NPV 257 0.03



182,000 Asahi Glass Co Ltd Com NPV 1,183 0.16

86,000 Taiheiyo Cement Corp Com NPV 269 0.04

Chemicals

203,000 Asahi Kasei Corp Com NPV 1,812 0.24






237,516 Mitsubishi Chemical Holdings Corp Com NPV 1,499 0.20



266,625 Sumitomo Chemical Co Ltd Com NPV 1,221 0.16


iSHARES IV PLC






$'000



Japan (31 May 2016: 27.89%) (cont)

Commercial services



Computers

283,000 Fujitsu Ltd Com NPV 1,675 0.22

26,400 TDK Corp Com NPV 1,780 0.24


8,700 Toyo Seikan Group Holdings Ltd Com NPV 164 0.02


476,800 ITOCHU Corp Com NPV 6,528 0.88

547,600 Marubeni Corp Com NPV 3,010 0.40

419,407 Mitsubishi Corp Com NPV 9,088 1.22

455,000 Mitsui & Co Ltd Com NPV 6,153 0.83

373,582 Sumitomo Corp Com NPV 4,469 0.60

44,700 Toyota Tsusho Corp Com NPV 1,121 0.15


46,500 Mitsubishi UFJ Lease & Finance Co Ltd Com NPV 215 0.03

216,900 Nomura Holdings Inc Com NPV 1,167 0.16

82,100 ORIX Corp Com NPV 1,282 0.17



Electricity

72,900 Chubu Electric Power Co Inc Com NPV 1,026 0.14

17,400 Electric Power Development Co Ltd Com NPV 383 0.05

81,800 Kansai Electric Power Co Inc Com NPV 809 0.11

18,100 Kyushu Electric Power Co Inc Com NPV 179 0.02

9,600 Shikoku Electric Power Co Inc Com NPV 92 0.01

45,800 Tohoku Electric Power Co Inc Com NPV 535 0.07

264,300 Tokyo Electric Power Co Holdings Inc Com NPV 986 0.13

Electronics

8,800 Alps Electric Co Ltd Com NPV 222 0.03


37,400 Kyocera Corp Com NPV 1,782 0.24

36,100 Minebea Co Ltd Com NPV 359 0.05

374,000 NEC Corp Com NPV 975 0.13



Entertainment

900 Sankyo Co Ltd Com NPV 28 0.00


Food

74,000 NH Foods Ltd Com NPV 1,911 0.26




Gas



$'000


Japan (31 May 2016: 27.89%) (cont)



17,000 THK Co Ltd Com NPV 367 0.05



Home builders



46,100 Sekisui House Ltd Com NPV 756 0.10

Home furnishings

83,500 Sony Corp Com NPV 2,407 0.33

Insurance

80,900 Dai-ichi Life Holdings Inc Com NPV 1,300 0.17

17,800 Japan Post Holdings Co Ltd Com NPV 221 0.03

35,500 MS&AD Insurance Group Holdings Inc Com NPV 1,104 0.15

19,700 Sompo Holdings Inc Com NPV 644 0.09


27,332 Tokio Marine Holdings Inc Com NPV 1,174 0.16

Internet


18,200 SBI Holdings Inc Com NPV 229 0.03

Iron & steel


145,500 JFE Holdings Inc Com NPV 2,131 0.28


172,500 Nippon Steel & Sumitomo Metal Corp Com NPV 3,712 0.50

Leisure time

27,100 Yamaha Motor Co Ltd Com NPV 625 0.08



565,000 Mitsubishi Heavy Industries Ltd Com NPV 2,510 0.34




899,000 Hitachi Ltd Com NPV 4,807 0.65

100,600 Komatsu Ltd Com NPV 2,322 0.31

173,700 Mitsubishi Electric Corp Com NPV 2,402 0.32


72,500 NSK Ltd Com NPV 792 0.11

Mining


93,000 Sumitomo Metal Mining Co Ltd Com NPV 1,247 0.17


71,300 FUJIFILM Holdings Corp Com NPV 2,656 0.37



137,200 Canon Inc Com NPV 3,925 0.53

127,600 Ricoh Co Ltd Com NPV 1,029 0.14

iSHARES IV PLC






$'000



Japan (31 May 2016: 27.89%) (cont)

Office & business equipment (cont)

46,200 Seiko Epson Corp Com NPV 929 0.12

Oil & gas


109,600 Inpex Corp Com NPV 1,043 0.14

311,700 JX Holdings Inc Com NPV 1,193 0.16

9,100 Showa Shell Sekiyu KK Com NPV 82 0.01


Pharmaceuticals


53,300 Daiichi Sankyo Co Ltd Com NPV 1,114 0.15


18,300 Mitsubishi Tanabe Pharma Corp Com NPV 345 0.05




Retail

27,622 FamilyMart UNY Holdings Co Ltd Com NPV 1,731 0.23

10,100 Isetan Mitsukoshi Holdings Ltd Com NPV 112 0.01


Semiconductors


Software

45,173 GungHo Online Entertainment Inc Com NPV 100 0.01

18,300 Nexon Co Ltd Com NPV 257 0.03

Telecommunications

63,635 KDDI Corp Com NPV 1,670 0.22

45,100 Nippon Telegraph & Telephone Corp Com NPV 1,829 0.24

46,447 NTT DOCOMO Inc Com NPV 1,069 0.14

27,200 SoftBank Group Corp Com NPV 1,601 0.21

Transportation

19,400 Central Japan Railway Co Com NPV 3,175 0.43


362,000 Mitsui OSK Lines Ltd Com NPV 931 0.12

107,000 Nippon Express Co Ltd Com NPV 554 0.07

541,000 Nippon Yusen KK Com NPV 1,002 0.13


Jersey (31 May 2016: 0.33%)

Mining

1,008,876 Glencore Plc Com USD 0.01 3,521 0.47

Oil & gas services



Luxemburg (31 May 2016: 0.36%)


$'000



Agriculture

4,353,900 Golden Agri-Resources Ltd Com USD 0.025 1,292 0.17

Total Mauritius 1,292 0.17


Auto manufacturers


Banks


Commercial services

22,644 AerCap Holdings NV Com EUR 0.01 970 0.13

Food


Insurance

200,700 Aegon NV Com EUR 0.12 1,022 0.14


Pharmaceuticals

46,141 Mylan NV Com EUR 0.01 1,689 0.23

Semiconductors



Norway (31 May 2016: 0.57%)

Banks

51,930 DNB ASA Com NOK 10.00 765 0.10

Chemicals

26,302 Yara International ASA Com NOK 1.70 973 0.13

Food


Mining


Oil & gas

67,642 Statoil ASA Com NOK 2.50 1,159 0.16


Portugal (31 May 2016: 0.01%)


Airlines

100,400 Singapore Airlines Ltd Com NPV 700 0.09

Commercial services

756,100 Hutchison Port Holdings Trust Unit NPV 318 0.04

Electronics

76,781 Flex Ltd Com NPV 1,093 0.16


200,300 Sembcorp Industries Ltd Com NPV 376 0.05

Food

1,015,000 Wilmar International Ltd Com NPV 2,494 0.34

iSHARES IV PLC






$'000





226,684 Keppel Corp Ltd Com NPV 861 0.12






Spain (31 May 2016: 1.47%)

Airlines

122,881 International Consolidated Airlines Group SA Com EUR 0.50 667 0.09

Banks



743,134 Banco Santander SA Com EUR 0.50 3,398 0.45


Electricity


Insurance

43,152 Mapfre SA Com EUR 0.10 130 0.02

Oil & gas

119,759 Repsol SA Com EUR 1.00 1,601 0.21


Sweden (31 May 2016: 0.41%)

Mining


Telecommunications

169,726 Telefonaktiebolaget LM Ericsson Com SEK 5.00 874 0.12

135,631 Telia Co AB Com SEK 3.20 507 0.06



Banks

104,081 Credit Suisse Group AG Com CHF 0.04 1,380 0.18

Food

25,924 Aryzta AG Com CHF 0.02 1,103 0.15

Insurance

2,457 Baloise Holding AG Com CHF 0.10 296 0.04

2,733 Swiss Life Holding AG Com CHF 5.10 750 0.10




Aerospace & defence




$'000



Banks

1,354,442 Barclays Plc Com GBP 0.25 3,654 0.49

1,139,362 HSBC Holdings Plc Com USD 0.50 9,036 1.20

220,082 Royal Bank of Scotland Group Plc Com GBP 1.00 534 0.07

177,024 Standard Chartered Plc Com USD 0.50 1,418 0.19

Food

974,641 J Sainsbury Plc Com GBP 0.285714 2,812 0.38


1,075,809 WM Morrison Supermarkets Plc Com GBP 0.10 2,923 0.39

Home builders




Media


Mining

231,176 Anglo American Plc Com USD 0.54945 3,423 0.46

Oil & gas

1,377,208 BP Plc Com USD 0.25 7,906 1.06



Retail


Specialty finance


Telecommunications

970,458 Vodafone Group Plc Com USD 0.2095 2,351 0.31

Transportation




Agriculture


Airlines

34,144 American Airlines Group Inc Com USD 0.01 1,586 0.21

31,137 Delta Air Lines Inc Com USD 0.0001 1,501 0.20

21,101 United Continental Holdings Inc Com USD 0.01 1,455 0.19

Apparel retailers


Auto manufacturers

383,791 Ford Motor Co Com USD 0.01 4,590 0.61




4,561 Lear Corp Com USD 0.01 590 0.08

Banks

629,681 Bank of America Corp Com USD 0.01 13,312 1.79

iSHARES IV PLC






$'000




Banks (cont)

29,197 Capital One Financial Corp Com USD 0.01 2,454 0.33

195,437 Citigroup Inc Com USD 0.01 11,025 1.47


18,247 Goldman Sachs Group Inc Com USD 0.01 4,007 0.54

159,759 JPMorgan Chase & Co Com USD 1.00 12,808 1.71

78,773 Regions Financial Corp Com USD 0.01 1,067 0.14

Biotechnology



Chemicals

34,497 Mosaic Co Com USD 0.01 980 0.13

Computers


286,908 HP Inc Com USD 0.01 4,419 0.59

59,054 International Business Machines Corp Com USD 0.20 9,586 1.28

36,895 NetApp Inc Com USD 0.001 1,349 0.18

37,722 Western Digital Corp Com USD 0.01 2,401 0.32





Electricity

42,609 AES Corp Com USD 0.01 488 0.07



39,436 FirstEnergy Corp Com USD 0.10 1,234 0.16

Electronics

17,611 Arrow Electronics Inc Com USD 1.00 1,203 0.16

23,652 Avnet Inc Com USD 1.00 1,085 0.15

161,127 Corning Inc Com USD 0.50 3,872 0.52



Food

103,855 Tyson Foods Inc Com USD 0.10 5,900 0.79


33,044 Aetna Inc Com USD 0.01 4,322 0.58

31,210 Anthem Inc Com USD 0.01 4,451 0.60

20,980 Cigna Corp Com USD 0.25 2,828 0.38

5,367 Laboratory Corp of America Holdings Com USD 0.10 675 0.09

12,237 Quest Diagnostics Inc Com USD 0.01 1,070 0.14

Healthcare products

12,043 Zimmer Biomet Holdings Inc Com USD 0.01 1,227 0.16

Home builders



$'000



Insurance

64,066 American International Group Inc Com USD 2.50 4,057 0.54


16,780 Lincoln National Corp Com NPV 1,076 0.14


67,271 MetLife Inc Com USD 0.01 3,700 0.49

30,126 Prudential Financial Inc Com USD 0.01 3,031 0.41



Internet

67,535 Symantec Corp Com USD 0.01 1,647 0.22

Media

29,959 News Corp Com USD 0.01 346 0.05

19,809 Viacom Inc Com USD 0.001 742 0.10


164,876 Xerox Corp Com USD 1.00 1,540 0.21

Oil & gas


28,917 Marathon Petroleum Corp Com USD 0.01 1,360 0.18



Pharmaceuticals

57,451 Express Scripts Holding Co Com USD 0.01 4,360 0.58

488,810 Pfizer Inc Com USD 0.05 15,720 2.11

Pipelines





Retail

22,714 Best Buy Co Inc Com USD 0.10 1,038 0.14



Semiconductors


162,771 Micron Technology Inc Com USD 0.10 3,179 0.43

14,702 Qorvo Inc Com USD 0.0001 785 0.10

Software

34,396 CA Inc Com USD 0.10 1,099 0.15

Telecommunications

238,408 AT&T Inc Com USD 1.00 9,217 1.23


567,972 Cisco Systems Inc Com USD 0.001 16,937 2.26




iSHARES IV PLC






$'000


Rights (31 May 2016: 0.00%)

Spain (31 May 2016: 0.00%)

93,839 CaixaBank SA - Rights 6 December 2016 4 0.00

Total Spain 4 0.00

Total rights 4 0.00

No. of contracts

Underlying exposure

$'000 Fair value

$'000




24 Mini MSCI Emerging Markets Index Futures December 2016 1,979 (17) 0.00

22 S&P 500 E Mini Futures December 2016 2,402 17 0.00



Net unrealised losses on futures contracts - 0.00


Fair value

$'000



Cash† 41,240 5.51





† Cash holdings of $41,026,062 are held with State Street Bank and Trust Company. $214,078 is held as security for futures contracts with Barclays Bank Plc.








Fair value $'000






iSHARES IV PLC







Sales Purchases

15,690 UnitedHealth Group Inc Com USD 0.01 2,097 239,100 Toyota Motor Corp Com NPV 13,616

19,465 Chevron Corp Com USD 0.75 1,966 438,570 Cisco Systems Inc Com USD 0.001 13,225

69,900 Aeon Co Ltd Com NPV 1,061 355,252 Intel Corp Com USD 0.001 12,389

110,369 ArcelorMittal Com NPV 543 376,261 Pfizer Inc Com USD 0.05 12,223

60,469 Treasury Wine Estates Ltd Com NPV 453 142,847 Wal-Mart Stores Inc Com USD 0.10 10,075

2,545 Humana Inc Com USD 0.166 439 213,758 Archer-Daniels-Midland Co Com NPV 9,261

164,000 Toshiba Corp Com NPV 405 123,486 JPMorgan Chase & Co Com USD 1.00 9,108

8,449 Dell Technologies Inc Com USD 0.01 385 486,769 Bank of America Corp Com USD 0.01 8,953

8,853 Otsuka Holdings Co Ltd Com NPV 362 114,898 Gilead Sciences Inc Com USD 0.001 8,806

11,256 Cisco Systems Inc Com USD 0.001 327 150,092 Citigroup Inc Com USD 0.01 7,841

20,701 HP Inc Com USD 0.01 277 342,216 Koninklijke Ahold Delhaize NV Com EUR 0.01 7,358

19,454 Newcrest Mining Ltd Com NPV 269 45,696 International Business Machines Corp Com USD 0.20 7,277

10,000 NH Foods Ltd Com NPV 258 184,511 AT&T Inc Com USD 1.00 7,168

6,366 Pfizer Inc Com USD 0.05 221 325,300 Mitsubishi Corp Com NPV 6,901

3,137 JPMorgan Chase & Co Com USD 1.00 205 85,731 Sanofi Com EUR 2.00 6,890

4,717 Archer-Daniels-Midland Co Com NPV 202 883,956 HSBC Holdings Plc Com USD 0.50 6,721

26,675 CNH Industrial NV Com EUR 0.01 188 259,173 Royal Dutch Shell Plc Com EUR 0.07 6,497

5,675 National Oilwell Varco Inc Com USD 0.01 187 1,069,383 BP Plc Com USD 0.25 6,026

86,447 Fortescue Metals Group Ltd Com NPV 187 126,749 Total SA Com EUR 2.50 5,962

44,056 Yamana Gold Inc Com NPV 186 69,928 Medtronic Plc Com USD 0.10 5,630

2,681 Tyson Foods Inc Com USD 0.10 171 80,765 Tyson Foods Inc Com USD 0.10 5,290

6,028 EMC Corp Com USD 0.01 169

49,301 Vodafone Group Plc Com USD 0.2095 166

3,739 Ferrari NV Com EUR 0.01 159

4,994 Intel Corp Com USD 0.001 158





iSHARES IV PLC

iShares Fallen Angels High Yield Corp Bond UCITS ETF




Period from 22 June 2016 to

30 November 2016 $’000

Operating income 3,281

Net losses on financial assets/liabilities at fair value through profit or loss (1,402)

Total gains 1,879



Finance costs:

Distributions to redeemable participating shareholders 1,466

Interest expense (3)

Total finance costs 1,463









Period from 22 June 2016 to

30 November 2016 $’000



Share transactions:


Payments on redemption of redeemable participating shares (159)




iSHARES IV PLC






CURRENT ASSETS

Cash 682

Cash equivalents 13,735

Receivables 3,839



CURRENT LIABILITIES

Payables (10,062)




iSHARES IV PLC






$'000



Bonds

Austria


175,000 Raiffeisen Bank International AG 4% 24/05/2023 172 0.08

500,000 Raiffeisen Bank International AG 4.5% 21/02/2025 509 0.24



400,000 Raiffeisen Bank International AG 6% 16/10/2023 449 0.21



200,000 Raiffeisenlandesbank Niederoesterreich-Wien AG 5.875% 27/11/2023 213 0.10


Belgium


200,000 Barry Callebaut Services NV 5.625% 15/06/2021 256 0.12


Bermuda







850,000 Noble Group Ltd 6.75% 29/01/2020 697 0.33


Canada


500,000 Canadian Oil Sands Ltd 9.4% 01/09/2021 618 0.29


500,000 Cenovus Energy Inc 3% 15/08/2022 474 0.23

350,000 Cenovus Energy Inc 3.8% 15/09/2023 337 0.16






$'000


Canada (cont)


945,000 Kinross Gold Corp 5.95% 15/03/2024 971 0.46

100,000 Kinross Gold Corp 6.875% 01/09/2041 93 0.05



775,000 Teck Resources Ltd 3.75% 01/02/2023 739 0.35





1,075,000 Teck Resources Ltd 6.25% 15/07/2041 1,076 0.51


250,000 Bombardier Inc 7.45% 01/05/2034 206 0.10


Cayman Islands







1,000,000 Noble Holding International Ltd 7.2% 01/04/2025 797 0.38



300,000 Transocean Inc 5.55% 15/10/2022 265 0.13

775,000 Transocean Inc 6% 15/03/2018 781 0.37

600,000 Transocean Inc 6.5% 15/11/2020 593 0.28

725,000 Transocean Inc 6.8% 15/03/2038 512 0.24

500,000 Transocean Inc 7.5% 15/04/2031 377 0.18

1,050,000 Transocean Inc 8.125% 15/12/2021 1,043 0.50

350,000 Transocean Inc 9.1% 15/12/2041 286 0.14


Finland


400,000 Teollisuuden Voima Oyj 4.625% 04/02/2019 459 0.22


975,000 Nokia Oyj 5.375% 15/05/2019 1,025 0.49

400,000 Nokia Oyj 6.625% 15/05/2039 423 0.20

400,000 Nokia Oyj 6.75% 04/02/2019 479 0.23



150,000 UPM-Kymmene Oyj 7.45% 26/11/2027 184 0.09

iSHARES IV PLC






$'000


Bonds (cont)

Finland (cont)


225,000 Stora Enso Oyj 7.25% 15/04/2036 247 0.12


France


500,000 Italcementi Finance SA 6.625% 19/03/2020 610 0.29


300,000 BPCE SA 12.5% * 368 0.18

500,000 Casino Guichard Perrachon SA 2.33% 07/02/2025 519 0.25





1,000,000 Casino Guichard Perrachon SA 4.407% 06/08/2019 1,154 0.55



400,000 Credit Agricole SA 7.875% * 493 0.23




650,000 Groupama SA 7.875% 27/10/2039 728 0.35

400,000 Societe Generale SA 8.875% * 536 0.25

900,000 Societe Generale SA 9.375% * 1,131 0.54

800,000 Veolia Environnement SA 4.45% * 882 0.42

300,000 Veolia Environnement SA 4.85% * 382 0.18


300,000 BPCE SA 12.5% * 410 0.20

500,000 PSA Tresorerie GIE 6% 19/09/2033 616 0.29

550,000 Solvay Finance SA 4.199% * 600 0.29

450,000 Solvay Finance SA 5.425% * 503 0.24


400,000 Vallourec SA 2.25% 30/09/2024 331 0.16

400,000 Vallourec SA 3.25% 02/08/2019 421 0.20


Germany


300,000 Bilfinger SE 2.375% 07/12/2019 326 0.16

1,050,000 Deutsche Bank AG 2.75% 17/02/2025 990 0.47

800,000 Deutsche Bank AG 4.296% 24/05/2028 701 0.33

1,400,000 Deutsche Bank AG 4.5% 01/04/2025 1,260 0.60

900,000 Deutsche Bank AG 5% 24/06/2020 987 0.47


$'000


Germany (cont)


400,000 K&S AG 3% 20/06/2022 435 0.21


550,000 RWE AG 2.75% 21/04/2075 537 0.26

450,000 RWE AG 3.5% 21/04/2075 400 0.19

600,000 RWE AG 7% * 766 0.36


Ireland


100,000 Smurfit Kappa Treasury Funding Ltd 7.5% 20/11/2025 116 0.06


200,000 Bank of Ireland 10% 12/02/2020 259 0.12


Italy


300,000 Assicurazioni Generali SpA 6.269% * 354 0.17

400,000 Assicurazioni Generali SpA 6.416% * 495 0.23

350,000 Leonardo-Finmeccanica SpA 4.875% 24/03/2025 419 0.20



300,000 Leonardo-Finmeccanica SpA 8% 16/12/2019 439 0.21

350,000 Telecom Italia SpA 4% 21/01/2020 399 0.19

300,000 Telecom Italia SpA 4.75% 25/05/2018 339 0.16










800,000 Intesa Sanpaolo SpA 5% 23/09/2019 907 0.43




1,350,000 UniCredit SpA 5.75% 28/10/2025 1,471 0.70

1,100,000 UniCredit SpA 6.95% 31/10/2022 1,282 0.61



500,000 UniCredit SpA 6.7% 05/06/2018 563 0.27


300,000 Intesa Sanpaolo SpA 8.047% * 335 0.16

500,000 Intesa Sanpaolo SpA 8.375% * 590 0.28

iSHARES IV PLC






$'000


Bonds (cont)

Italy (cont)


350,000 Banca Popolare di Milano Scarl 7.125% 01/03/2021 384 0.18

400,000 Banco Popolare SC 6% 05/11/2020 426 0.21

300,000 Banco Popolare SC 6.375% 31/05/2021 321 0.15


Japan


1,975,000 SoftBank Group Corp 4.5% 15/04/2020 2,017 0.96

550,000 SoftBank Group Corp 4.625% 15/04/2020 648 0.31


Jersey


200,000 Bank of Scotland Capital Funding LP 7.754% * 283 0.13


450,000 HBOS Capital Funding LP 6.461% * 590 0.28

300,000 HBOS Sterling Finance Jersey LP 7.881% * 491 0.24


Liberia


250,000 Royal Caribbean Cruises Ltd 7.5% 15/10/2027 297 0.14


Luxemburg


250,000 HeidelbergCement Finance Luxembourg SA 5.625% 04/01/2018 281 0.13


300,000 Telecom Italia Capital SA 6% 30/09/2034 281 0.13

425,000 Telecom Italia Capital SA 6.375% 15/11/2033 407 0.19





375,000 Telecom Italia Finance SA 7.75% 24/01/2033 497 0.24


400,000 ArcelorMittal 5.75% 29/03/2018 454 0.22

1,350,000 ArcelorMittal 6.5% 01/03/2021 1,468 0.70

1,050,000 ArcelorMittal 7.25% 25/02/2022 1,181 0.56

1,200,000 ArcelorMittal 7.75% 01/03/2041 1,235 0.59

800,000 ArcelorMittal 8% 15/10/2039 850 0.41


$'000


Luxemburg (cont)


790,000 ArcelorMittal 10.85% 01/06/2019 928 0.44

300,000 UniCredit Luxembourg Finance SA 6% 31/10/2017 303 0.14


350,000 UniCredit International Bank Luxembourg SA 8.125% * 402 0.19


Netherlands


650,000 Delta Lloyd NV 4.375% * 628 0.30

1,250,000 Generali Finance BV 4.596% * 1,232 0.59

250,000 Royal Bank of Scotland NV 4.65% 04/06/2018 255 0.12

400,000 SRLEV NV 9% 15/04/2041 455 0.22


700,000 Telefonica Europe BV 4.2% * 740 0.35


Spain


250,000 Bankinter SA 6.375% 11/09/2019 303 0.14


350,000 Banco de Sabadell SA 6.25% 26/04/2020 410 0.20


Switzerland


100,000 Clariant AG 2.125% 17/10/2024 102 0.05

150,000 Clariant AG 3.25% 24/04/2019 156 0.07

350,000 Clariant AG 3.5% 26/09/2022 390 0.19


United Kingdom


500,000 Ensco Plc 4.5% 01/10/2024 405 0.20

600,000 Ensco Plc 4.7% 15/03/2021 551 0.26

1,400,000 Ensco Plc 5.2% 15/03/2025 1,136 0.54

600,000 Ensco Plc 5.75% 01/10/2044 404 0.19




300,000 Lloyds Bank Plc 13% * 654 0.31

300,000 National Westminster Bank Plc 6.5% 07/09/2021 425 0.20

350,000 Old Mutual Plc 8% 03/06/2021 488 0.23

1,650,000 Royal Bank of Scotland Plc 6.934% 09/04/2018 1,879 0.89

iSHARES IV PLC






$'000


Bonds (cont)



700,000 Tesco Corporate Treasury Services Plc 1.375% 01/07/2019 750 0.36



600,000 Tesco Plc 3.375% 02/11/2018 672 0.32

150,000 Tesco Plc 4.875% 24/03/2042 162 0.08

300,000 Tesco Plc 5% 24/03/2023 399 0.19

100,000 Tesco Plc 5.5% 13/01/2033 839 0.40

450,000 Tesco Plc 5.125% 10/04/2047 455 0.22

200,000 Tesco Plc 5.2% 05/03/2057 216 0.10

250,000 Tesco Plc 5.5% 15/11/2017 257 0.12

100,000 Tesco Plc 5.5% 13/12/2019 137 0.07

100,000 Tesco Plc 5.5% 13/01/2033 124 0.06

200,000 Tesco Plc 6% 14/12/2029 266 0.13

575,000 Tesco Plc 6.125% 24/02/2022 806 0.38










1,100,000 Anglo American Capital Plc 4.125% 15/04/2021 1,100 0.52




350,000 Barclays Bank Plc 4.75% * 343 0.16

400,000 Barclays Bank Plc 14% * 610 0.29

350,000 Co-operative Group Holdings 2011 Ltd 6.875% 08/07/2020 492 0.23

300,000 Co-operative Group Holdings 2011 Ltd 7.5% 08/07/2026 445 0.21

250,000 Old Mutual Plc 6.376% * 316 0.15


500,000 Standard Chartered Plc 7.014% * 524 0.25


$'000







575,000 Royal Bank of Scotland Group Plc 7.648% * 660 0.32


United States


150,000 MBIA Inc 5.7% 01/12/2034 145 0.07

250,000 MBIA Inc 6.4% 15/08/2022 250 0.12


250,000 Family Dollar Stores Inc 5% 01/02/2021 266 0.13

450,000 Masco Corp 6.5% 15/08/2032 486 0.23


1,200,000 Arconic Inc 5.4% 15/04/2021 1,263 0.60

1,150,000 Arconic Inc 5.72% 23/02/2019 1,213 0.58

650,000 Arconic Inc 5.87% 23/02/2022 691 0.33

825,000 Arconic Inc 5.9% 01/02/2027 843 0.40

450,000 Arconic Inc 5.95% 01/02/2037 432 0.21

800,000 Arconic Inc 6.15% 15/08/2020 863 0.41

275,000 Carpenter Technology Corp 5.2% 15/07/2021 281 0.13

100,000 Conagra Brands Inc 9.75% 01/03/2021 123 0.06




840,000 Murphy Oil Corp 4.7% 01/12/2022 806 0.39

325,000 Murphy Oil Corp 6.125% 01/12/2042 293 0.14

200,000 Murphy Oil Corp 7.05% 01/05/2029 208 0.10

250,000 Pride International Inc 6.875% 15/08/2020 256 0.12

450,000 Vereit Operating Partnership LP 3% 06/02/2019 450 0.21

275,000 Vereit Operating Partnership LP 4.6% 06/02/2024 281 0.13

Corporate bonds: BB+/*+ rating

650,000 Joy Global Inc 5.125% 15/10/2021 710 0.34


1,450,000 Alcatel-Lucent USA Inc 6.45% 15/03/2029 1,533 0.73

500,000 Ally Financial Inc 8% 01/11/2031 568 0.27

200,000 BAC Capital Trust XI 6.625% 23/05/2036 222 0.11

300,000 Belo Corp 7.25% 15/09/2027 310 0.15

250,000 Brinker International Inc 2.6% 15/05/2018 250 0.12

250,000 Brinker International Inc 3.875% 15/05/2023 236 0.11

350,000 CDK Global Inc 5% 15/10/2024 341 0.16

1,500,000 CF Industries Inc 3.45% 01/06/2023 1,354 0.65

150,000 CF Industries Inc 5.15% 15/03/2034 126 0.06

1,100,000 CF Industries Inc 5.375% 15/03/2044 890 0.42

iSHARES IV PLC






$'000


Bonds (cont)



800,000 CF Industries Inc 7.125% 01/05/2020 862 0.41

175,000 Citigroup Capital III 7.625% 01/12/2036 204 0.10

1,250,000 Continental Resources Inc 3.8% 01/06/2024 1,156 0.55

500,000 Continental Resources Inc 4.5% 15/04/2023 486 0.23

425,000 Continental Resources Inc 4.9% 01/06/2044 359 0.17

2,025,000 Continental Resources Inc 5% 15/09/2022 2,022 0.96

600,000 Countrywide Capital III 8.05% 15/06/2027 731 0.35




325,000 Edgewell Personal Care Co 4.7% 19/05/2021 337 0.16

650,000 Edgewell Personal Care Co 4.7% 24/05/2022 662 0.32

1,225,000 FirstEnergy Corp 4.25% 15/03/2023 1,269 0.60

825,000 FirstEnergy Corp 7.375% 15/11/2031 1,031 0.49

1,025,000 Gap Inc 5.95% 12/04/2021 1,078 0.51

450,000 Graham Holdings Co 7.25% 01/02/2019 487 0.23

450,000 Harsco Corp 5.75% 15/05/2018 479 0.23

375,000 International Game Technology 7.5% 15/06/2019 411 0.20

25,000 Leidos Inc 5.5% 01/07/2033 22 0.01

275,000 Leidos Inc 7.125% 01/07/2032 286 0.14

725,000 Liberty Mutual Group Inc 7.8% 15/03/2037 815 0.39

675,000 MDC Holdings Inc 5.5% 15/01/2024 703 0.33

125,000 MDC Holdings Inc 6% 15/01/2043 107 0.05





500,000 ONEOK Inc 4.25% 01/02/2022 493 0.23

350,000 ONEOK Inc 6% 15/06/2035 339 0.16

125,000 Provident Financing Trust I 7.405% 15/03/2038 139 0.07

400,000 PulteGroup Inc 6.375% 15/05/2033 401 0.19

450,000 PulteGroup Inc 7.875% 15/06/2032 496 0.24




250,000 Toll Brothers Finance Corp 8.91% 15/10/2017 264 0.13


$'000



Corporate bonds: BB+/*- rating

200,000 Frontier Florida LLC 6.86% 01/02/2028 175 0.08






400,000 DCP Midstream Operating LP 2.7% 01/04/2019 398 0.19



900,000 Dresdner Funding Trust I 8.151% 30/06/2031 1,044 0.50

1,200,000 Embarq Corp 7.995% 01/06/2036 1,149 0.55

200,000 Energen Corp 4.625% 01/09/2021 202 0.10

100,000 Goodyear Tire & Rubber Co 7% 15/03/2028 105 0.05

550,000 Liberty Interactive LLC 8.25% 01/02/2030 579 0.28

100,000 Liberty Interactive LLC 8.5% 15/07/2029 106 0.05

50,000 Rowan Cos Inc 4.75% 15/01/2024 42 0.02

1,200,000 Rowan Cos Inc 4.875% 01/06/2022 1,047 0.50

250,000 Rowan Cos Inc 5.4% 01/12/2042 178 0.08

300,000 Rowan Cos Inc 5.85% 15/01/2044 215 0.10

200,000 Rowan Cos Inc 7.875% 01/08/2019 215 0.10

253,000 Sealed Air Corp 6.875% 15/07/2033 261 0.12

500,000 SESI LLC 6.375% 01/05/2019 492 0.23

675,000 SESI LLC 7.125% 15/12/2021 662 0.32

375,000 United States Cellular Corp 6.7% 15/12/2033 368 0.18

450,000 Williams Cos Inc 3.7% 15/01/2023 426 0.20

1,325,000 Williams Cos Inc 4.55% 24/06/2024 1,299 0.62

675,000 Williams Cos Inc 5.75% 24/06/2044 640 0.30

300,000 Williams Cos Inc 7.5% 15/01/2031 326 0.16

250,000 Williams Cos Inc 7.875% 01/09/2021 283 0.13

300,000 Williams Cos Inc 8.75% 15/03/2032 353 0.17

Corporate bonds: BB/*- rating

1,988,000 CenturyLink Inc 5.8% 15/03/2022 1,966 0.94

750,000 CenturyLink Inc 6.45% 15/06/2021 774 0.37

500,000 CenturyLink Inc 6.875% 15/01/2028 453 0.22

750,000 CenturyLink Inc 7.6% 15/09/2039 636 0.30

550,000 CenturyLink Inc 7.65% 15/03/2042 467 0.22


1,250,000 ADT Corp 3.5% 15/07/2022 1,178 0.56

250,000 ADT Corp 4.125% 15/06/2023 237 0.11

100,000 AECOM Global II LLC / URS Fox US LP 5% 01/04/2022 100 0.05

250,000 Dell Inc 4.625% 01/04/2021 254 0.12

1,100,000 Dell Inc 5.875% 15/06/2019 1,160 0.55

675,000 Dell Inc 6.5% 15/04/2038 641 0.31

iSHARES IV PLC






$'000


Bonds (cont)



1,875,000 EMC Corp 1.875% 01/06/2018 1,847 0.88

1,000,000 EMC Corp 2.65% 01/06/2020 960 0.46

1,000,000 EMC Corp 3.375% 01/06/2023 902 0.43

150,000 FirstLight Hydro Generating Co 8.812% 15/10/2026 127 0.06







1,000,000 Freeport-McMoRan Inc 5.45% 15/03/2043 854 0.41

100,000 Freeport-McMoran Oil & Gas LLC / FCX Oil & Gas Inc 6.5% 15/11/2020 103 0.05

650,000 Freeport-McMoran Oil & Gas LLC / FCX Oil & Gas Inc 6.75% 01/02/2022 674 0.32

550,000 L Brands Inc 6.95% 01/03/2033 539 0.26

1,900,000 Navient Corp 5.5% 25/01/2023 1,805 0.86

275,000 Navient Corp 5.625% 01/08/2033 225 0.11

25,000 Navient Corp 7.25% 25/01/2022 26 0.01

1,575,000 Navient Corp 8% 25/03/2020 1,734 0.83

825,000 Navient Corp 8.45% 15/06/2018 889 0.42

900,000 NGPL PipeCo LLC 7.119% 15/12/2017 933 0.44

300,000 NGPL PipeCo LLC 7.768% 15/12/2037 316 0.15



1,045,000 Southwestern Energy Co 6.7% 23/01/2025 1,036 0.49


Corporate bonds: BB-/*- rating

900,000 Frontier Communications Corp 9% 15/08/2031 754 0.36


250,000 Crown Cork & Seal Co Inc 7.375% 15/12/2026 283 0.13

150,000 HCA Inc 7.05% 01/12/2027 155 0.07

250,000 HCA Inc 7.69% 15/06/2025 270 0.13

350,000 HCA Inc 8.36% 15/04/2024 391 0.19

375,000 RBS Capital Trust II 6.425% * 383 0.18



250,000 Talen Energy Supply LLC 6% 15/12/2036 147 0.07

275,000 Yum! Brands Inc 3.875% 01/11/2020 279 0.13

450,000 Yum! Brands Inc 3.875% 01/11/2023 433 0.21

250,000 Yum! Brands Inc 5.3% 15/09/2019 264 0.13

275,000 Yum! Brands Inc 5.35% 01/11/2043 227 0.11

250,000 Yum! Brands Inc 6.25% 15/03/2018 263 0.13

300,000 Yum! Brands Inc 6.875% 15/11/2037 294 0.14



$'000







250,000 Avon Products Inc 7% 15/03/2023 229 0.11





725,000 Springleaf Finance Corp 6.9% 15/12/2017 755 0.36

1,300,000 Sprint Capital Corp 6.875% 15/11/2028 1,250 0.60




250,000 United States Steel Corp 7% 01/02/2018 258 0.12


350,000 CSC Holdings LLC 7.875% 15/02/2018 368 0.18




950,000 New Albertsons Inc 7.45% 01/08/2029 899 0.43



100,000 Safeway Inc 5% 15/08/2019 101 0.05

470,000 Safeway Inc 7.25% 01/02/2031 458 0.22

250,000 XPO CNW Inc 6.7% 01/05/2034 200 0.09


550,000 FirstEnergy Solutions Corp 6.8% 15/08/2039 202 0.10




Cash equivalents

UCITS collective investment schemes - Money Market Funds

13,735,087 Institutional Cash Series Plc – Institutional US Dollar Liquidity Fund** 13,735 6.54

Cash† 682 0.32



† Substantially all cash positions are held with State Street Bank and Trust Company. * Perpetual bond. ** Investment in related party.

iSHARES IV PLC









Fair value $'000

% of total

current assets

Transferable securities admitted to an official stock exchange 162,481 73.86





iSHARES IV PLC







Sales Purchases

800,000 Royal Bank of Scotland Group Plc 6.99%* 894 2,250,000 Sprint Capital Corp 8.75% 15/03/2032 2,054

800,000 Royal Bank of Scotland Group Plc 7.64%* 776 1,975,000 SoftBank Group Corp 4.5% 15/04/2020 2,025

290,000 ArcelorMittal 6.5% 01/03/2021 320 1,650,000 Royal Bank of Scotland Plc 6.934% 09/04/2018 1,984

250,000 First Niagara Financial Group Inc 7.25% 15/12/2021 306 2,025,000 Continental Resources Inc 5% 15/09/2022 1,974

250,000 Groupama SA 6.298%* 269 1,988,000 CenturyLink Inc 5.8% 15/03/2022 1,933

200,000 Credit Agricole SA 8.2%* 249 1,875,000 EMC Corp 1.875% 01/06/2018 1,855

200,000 Leonardo-Finmeccanica SpA 4.375% 05/12/2017 235 1,750,000 Sprint Capital Corp 6.9% 01/05/2019 1,765

200,000 Anglo American Capital Plc 4.125% 15/04/2021 202 1,900,000 Navient Corp 5.5% 25/01/2023 1,756

200,000 Deutsche Bank AG 4.5% 01/04/2025 178 1,640,000 ArcelorMittal 6.5% 01/03/2021 1,734

175,000 Enbridge Energy Partners LP 8.05% 01/10/2037 159 1,575,000 Navient Corp 8% 25/03/2020 1,658

150,000 Teck Resources Ltd 3.75% 01/02/2023 142 1,450,000 Alcatel-Lucent USA Inc 6.45% 15/03/2029 1,548

150,000 Lea Power Partners LLC 6.595% 15/06/2033 126 1,350,000 UniCredit SpA 5.75% 28/10/2025 1,533

100,000 HeidelbergCement Finance Luxembourg SA 5.625% 1,600,000 Deutsche Bank AG 4.5% 01/04/2025 1,488

04/01/2018 120 1,633,000 Genworth Holdings Inc 7.625% 24/09/2021 1,462

100,000 ArcelorMittal 5.875% 17/11/2017 120 1,100,000 Intesa Sanpaolo SpA 6.625% 13/09/2023 1,420

100,000 Tesco Corporate Treasury Services Plc 1.25% 13/11/2017 114 1,500,000 CF Industries Inc 3.45% 01/06/2023 1,406

100,000 Dell Inc 5.875% 15/06/2019 107 1,100,000 UniCredit SpA 6.95% 31/10/2022 1,375

* Perpetual bond 1,400,000 Intesa Sanpaolo SpA 5.017% 26/06/2024 1,307

1,250,000 Generali Finance BV 4.596%* 1,303

1,225,000 FirstEnergy Corp 4.25% 15/03/2023 1,284





iSHARES IV PLC

iShares Healthcare Innovation UCITS ETF





2016 to 30 November

2016 $’000

Operating income 6


Total losses (690)













2016 to 30 November

2016 $’000



Share transactions:





iSHARES IV PLC






CURRENT ASSETS

Cash 2,378

Receivables 2,273



CURRENT LIABILITIES


Payables (4,716)






iSHARES IV PLC






$'000



Equities

Australia

Pharmaceuticals

10,734 Sirtex Medical Ltd Com NPV 219 1.38


Belgium

Biotechnology

14,427 Ablynx NV Com NPV 151 0.95

Healthcare products

4,895 Ion Beam Applications Com NPV 210 1.32

Pharmaceuticals

3,962 Galapagos NV Com NPV 236 1.48

2,944 UCB SA Com NPV 189 1.19


Canada

Pharmaceuticals

94,981 ProMetic Life Sciences Inc Com NPV 171 1.08


Cayman Islands

Healthcare products

20,398 Pharmally International Holding Co Ltd Com TWD 10.00 269 1.69


Denmark

Biotechnology

1,200 Genmab A/S Com DKK 1.00 208 1.31

Pharmaceuticals

5,639 H Lundbeck A/S Com DKK 5.00 215 1.35


France

Healthcare products

1,691 BioMerieux Com NPV 235 1.48


Germany

Biotechnology

4,151 MorphoSys AG Com NPV 185 1.16


2,902 Gerresheimer AG Com NPV 211 1.33



$'000


Hong Kong

Pharmaceuticals

239,332 CSPC Pharmaceutical Group Ltd Com NPV 257 1.62


India

Pharmaceuticals

20,011 Aurobindo Pharma Ltd Com INR 1.00 216 1.36

10,538 Lupin Ltd Com INR 2.00 231 1.45

Total India 447 2.81

Ireland

Healthcare products

2,579 Medtronic Plc Com USD 0.10 188 1.19

Pharmaceuticals

5,145 Alkermes Plc Com USD 0.01 293 1.84


Israel

Pharmaceuticals

4,064 Teva Pharmaceutical Industries Ltd Com ILS 0.10 150 0.94


Italy

Healthcare products

3,576 DiaSorin SpA Com EUR 1.00 193 1.21


Japan

Healthcare products

4,838 Asahi Intecc Co Ltd Com NPV 188 1.18

22,349 Nipro Corp Com NPV 246 1.55


Pharmaceuticals

7,234 Chugai Pharmaceutical Co Ltd Com NPV 204 1.28

4,739 Nippon Shinyaku Co Ltd Com NPV 221 1.39


4,790 Towa Pharmaceutical Co Ltd Com NPV 173 1.09


Netherlands

Healthcare products

10,124 Qiagen NV Com EUR 0.01 279 1.75


iSHARES IV PLC






$'000


Equities (cont)


Biotechnology

5,949 ATGen Co Ltd Com KRW 500.00 164 1.03

3,747 iNtRON Biotechnology Inc Com KRW 500.00 91 0.57

37,493 Pharmicell Co Ltd Com KRW 500.00 148 0.94

7,063 Seegene Inc Com KRW 500.00 192 1.21


2,793 Medipost Co Ltd Com KRW 500.00 126 0.79

Healthcare products

6,871 i-SENS Inc Com KRW 500.00 177 1.11

5,685 InBody Co Ltd Com KRW 500.00 123 0.78

Pharmaceuticals

2,654 Celltrion Inc Com KRW 1000.00 233 1.46

2,582 Chongkundang Holdings Corp Com KRW 2500.00 140 0.88

379 Hanmi Pharm Co Ltd Com KRW 2500.00 119 0.75

6,457 LegoChem Biosciences Inc Com KRW 500.00 198 1.25

8,258 Samjin Pharmaceutical Co Ltd Com KRW 1000.00 237 1.49

1,698 ViroMed Co Ltd Com KRW 500.00 153 0.96


Sweden

Healthcare products

29,977 Elekta AB Com SEK 0.50 249 1.57


Taiwan

Pharmaceuticals

176,278 ScinoPharm Taiwan Ltd Com TWD 10.00 216 1.36

Total Taiwan 216 1.36

United States

Biotechnology

8,194 Acorda Therapeutics Inc Com USD 0.001 171 1.08

3,361 Alnylam Pharmaceuticals Inc Com USD 0.01 147 0.92

1,516 Bio-Rad Laboratories Inc Com USD 0.0001 263 1.65


2,126 Celgene Corp Com USD 0.01 252 1.59

2,621 Charles River Laboratories International Inc Com USD 0.01 186 1.17

2,589 Gilead Sciences Inc Com USD 0.001 191 1.20

1,572 Illumina Inc Com USD 0.01 209 1.31

8,973 Intrexon Corp Com NPV 262 1.65

10,510 Ionis Pharmaceuticals Inc Com USD 0.001 460 2.89

4,853 Juno Therapeutics Inc Com USD 0.0001 97 0.61

6,517 Myriad Genetics Inc Com USD 0.01 109 0.69

5,496 Seattle Genetics Inc Com USD 0.001 356 2.24

3,424 Ultragenyx Pharmaceutical Inc Com USD 0.001 268 1.69


$'000



Commercial services

3,653 Parexel International Corp Com USD 0.01 216 1.36

Healthcare products

5,249 Alere Inc Com USD 0.001 208 1.31

1,979 Bio-Techne Corp Com USD 0.01 208 1.31

9,668 Boston Scientific Corp Com USD 0.01 198 1.25


6,450 Hologic Inc Com USD 0.01 247 1.55


2,888 St Jude Medical Inc Com USD 0.10 229 1.44

1,305 Teleflex Inc Com USD 1.00 193 1.21


Healthcare services

3,389 Quintiles IMS Holdings Inc Com USD 0.01 261 1.64

Medical supplies

2,912 West Pharmaceutical Services Inc Com USD 0.25 236 1.48

Pharmaceuticals

3,713 AbbVie Inc Com USD 0.01 226 1.42

9,611 Catalent Inc Com USD 0.01 230 1.45

3,103 DexCom Inc Com USD 0.001 203 1.28

6,558 Impax Laboratories Inc Com USD 0.01 94 0.59

4,520 Neurocrine Biosciences Inc Com USD 0.001 210 1.32

Software

16,824 Allscripts Healthcare Solutions Inc Com USD 0.01 185 1.16

1,684 athenahealth Inc Com USD 0.01 159 1.00

3,959 Cerner Corp Com USD 0.01 197 1.24




No. of contracts

Underlying exposure

$'000 Fair value

$'000



Futures contracts

1 Mini MSCI Emerging Markets Index Futures December 2016* 43 - 0.00



Fair value

$'000



iSHARES IV PLC





Fair value

$'000


Cash† 2,366 14.88





† Substantially all cash positions are held with State Street Bank and Trust Company. * Investments which are less than $500 are rounded to zero.








Fair value $'000







iSHARES IV PLC







Sales Purchases

2,345 IMS Health Holdings Inc Com USD 0.01 73 10,510 Ionis Pharmaceuticals Inc Com USD 0.001 432

5,496 Seattle Genetics Inc Com USD 0.001 351

5,145 Alkermes Plc Com USD 0.01 285

20,398 Pharmally International Holding Co Ltd Com TWD 10.00 277

10,124 QIAGEN NV Com EUR 0.01 277

904 Biogen Inc Com USD 0.0005 276

3,424 Ultragenyx Pharmaceutical Inc Com USD 0.001 272

3,389 Quintiles IMS Holdings Inc Com USD 0.01 267

15,963 Sumitomo Dainippon Pharma Co Ltd Com NPV 266

8,973 Intrexon Corp Com NPV 265

29,977 Elekta AB Com SEK 0.50 262

22,349 Nipro Corp Com NPV 260

1,516 Bio-Rad Laboratories Inc Com USD 0.0001 256

239,332 CSPC Pharmaceutical Group Ltd Com NPV 249

6,450 Hologic Inc Com USD 0.01 248

2,126 Celgene Corp Com USD 0.01 248

1,691 BioMerieux Com NPV 243

2,633 Varian Medical Systems Inc Com USD 1.00 243

2,654 Celltrion Inc Com KRW 1000.00 243

3,962 Galapagos NV Com NPV 238

9,611 Catalent Inc Com USD 0.01 238

2,912 West Pharmaceutical Services Inc Com USD 0.25 236

10,538 Lupin Ltd Com INR 2.00 236

8,258 Samjin Pharmaceutical Co Ltd Com KRW 1000.00 235

3,103 DexCom Inc Com USD 0.001 235

10,734 Sirtex Medical Ltd Com NPV 234

350 Intuitive Surgical Inc Com USD 0.001 232

1,572 Illumina Inc Com USD 0.01 230

3,713 AbbVie Inc Com USD 0.01 230

2,888 St Jude Medical Inc Com USD 0.10 230

4,739 Nippon Shinyaku Co Ltd Com NPV 229

4,520 Neurocrine Biosciences Inc Com USD 0.001 228

20,011 Aurobindo Pharma Ltd Com INR 1.00 226

3,653 PAREXEL International Corp Com USD 0.01 222

176,278 ScinoPharm Taiwan Ltd Com TWD 10.00 221

2,902 Gerresheimer AG Com NPV 221

4,895 Ion Beam Applications Com NPV 220

7,234 Chugai Pharmaceutical Co Ltd Com NPV 219

5,639 H Lundbeck A/S Com DKK 5.00 218

1,979 Bio-Techne Corp Com USD 0.01 212

3,959 Cerner Corp Com USD 0.01 212

9,668 Boston Scientific Corp Com USD 0.01 211

2,202 Edwards Lifesciences Corp Com USD 1.00 209

2,944 UCB SA Com NPV 208

6,457 LegoChem Biosciences Inc Com KRW 500.00 208

iSHARES IV PLC






Purchases

5,249 Alere Inc Com USD 0.001 208

1,200 Genmab A/S Com DKK 1.00 207

3,576 DiaSorin SpA Com EUR 1.00 206

1,305 Teleflex Inc Com USD 1.00 206

3,242 Sysmex Corp Com NPV 206

2,579 Medtronic Plc Com USD 0.10 203

4,838 Asahi Intecc Co Ltd Com NPV 203

12,988 Nuance Communications Inc Com USD 0.001 203

7,063 Seegene Inc Com KRW 500.00 202

2,589 Gilead Sciences Inc Com USD 0.001 198

2,621 Charles River Laboratories International Inc Com

USD 0.01 196

16,824 Allscripts Healthcare Solutions Inc Com USD 0.01 192

4,151 MorphoSys AG Com NPV 188

6,871 i-SENS Inc Com KRW 500.00 186

5,949 ATGen Co Ltd Com KRW 500.00 186

94,981 ProMetic Life Sciences Inc Com NPV 184

3,361 Alnylam Pharmaceuticals Inc Com USD 0.01 184

8,194 Acorda Therapeutics Inc Com USD 0.001 181

4,790 Towa Pharmaceutical Co Ltd Com NPV 180

1,684 athenahealth Inc Com USD 0.01 177

4,064 Teva Pharmaceutical Industries Ltd Com ILS 0.10 171





iSHARES IV PLC

iShares iBonds Sep 2018 $ Corp UCITS ETF





2016 $’000


2015 $’000






Finance costs:

Distributions to redeemable participating shareholders (3,432) 206



Net loss for the financial period (413) (673)







2016 $’000


2015 $’000



Share transactions:

Proceeds from issue of redeemable participating shares 239,854 191,353 Payments on redemption of redeemable participating shares (2,183) -




iSHARES IV PLC






31 May 2016 $’000

CURRENT ASSETS

Cash - 349





CURRENT LIABILITIES

Bank overdrafts (785) -

Payables (47) (4,868)

Total current liabilities excluding net assets attributable to redeemable participating shareholders (832) (4,868)



iSHARES IV PLC






$'000



Bonds (31 May 2016: 96.22%)
















Canada (31 May 2016: 6.37%)











850,000 Bank of Montreal 1.35% 28/08/2018 845 0.15

925,000 Bank of Montreal 1.4% 10/04/2018 923 0.16

2,000,000 Bank of Montreal 1.8% 31/07/2018 2,002 0.35



$'000


Canada (31 May 2016: 6.37%) (cont)




1,050,000 Total Capital Canada Ltd 1.45% 15/01/2018 1,049 0.18


465,000 Canadian National Railway Co 5.55% 15/05/2018 490 0.08

750,000 National Bank of Canada 1.45% 07/11/2017 750 0.13


1,650,000 Suncor Energy Inc 6.1% 01/06/2018 1,749 0.30

2,000,000 TransCanada PipeLines Ltd 1.625% 09/11/2017 2,001 0.35

1,150,000 TransCanada PipeLines Ltd 1.875% 12/01/2018 1,151 0.20


1,675,000 Canadian Natural Resources Ltd 1.75% 15/01/2018 1,667 0.29

100,000 Goldcorp Inc 2.125% 15/03/2018 100 0.02

900,000 Potash Corp of Saskatchewan Inc 3.25% 01/12/2017 913 0.16

700,000 Rogers Communications Inc 6.8% 15/08/2018 757 0.13





1,150,000 Alibaba Group Holding Ltd 1.625% 28/11/2017 1,146 0.20


2,400,000 Baidu Inc 2.25% 28/11/2017 2,407 0.42

700,000 Baidu Inc 3.25% 06/08/2018 712 0.12


Chile (31 May 2016: 0.06%)


700,000 Itau CorpBanca 3.125% 15/01/2018 705 0.12

Total Chile 705 0.12

France (31 May 2016: 1.27%)


1,750,000 Sanofi 1.25% 10/04/2018 1,746 0.30


1,000,000 Total Capital SA 2.125% 10/08/2018 1,008 0.18


1,750,000 BNP Paribas SA 2.7% 20/08/2018 1,773 0.31

iSHARES IV PLC






$'000


Bonds (31 May 2016: 96.22%) (cont)

France (31 May 2016: 1.27%) (cont)


750,000 BPCE SA 1.625% 26/01/2018 749 0.13



Germany (31 May 2016: 0.44%)


2,250,000 Deutsche Bank AG 1.875% 13/02/2018 2,222 0.39


Italy (31 May 2016: 0.27%)




Japan (31 May 2016: 0.37%)









650,000 Tyco Electronics Group SA 6.55% 01/10/2017 677 0.12




1,100,000 Pentair Finance SA 2.9% 15/09/2018 1,112 0.19


Mexico (31 May 2016: Nil)


700,000 America Movil SAB de CV 5.625% 15/11/2017 725 0.13


500,000 Grupo Televisa SAB 6% 15/05/2018 528 0.09






$'000







1,150,000 Deutsche Telekom International Finance BV 6.75% 20/08/2018 1,245 0.22

1,400,000 Koninklijke Philips NV 5.75% 11/03/2018 1,468 0.25


1,750,000 Teva Pharmaceutical Finance Netherlands III BV 1.4% 20/07/2018 1,733 0.30


Panama (31 May 2016: 0.03%)


1,100,000 Carnival Corp 1.875% 15/12/2017 1,105 0.19

Total Panama 1,105 0.19

Spain (31 May 2016: 0.36%)




Sweden (31 May 2016: Nil)






4,250,000 UBS AG 1.8% 26/03/2018 4,251 0.74

600,000 UBS AG 5.75% 25/04/2018 632 0.11

300,000 UBS AG 5.875% 20/12/2017 313 0.05


1,750,000 Credit Suisse AG 1.7% 27/04/2018 1,743 0.31

4,050,000 Credit Suisse AG 1.75% 29/01/2018 4,044 0.70




1,250,000 Lloyds Bank Plc 2% 17/08/2018 1,250 0.22

1,500,000 Santander UK Plc 2% 24/08/2018 1,498 0.26

350,000 Santander UK Plc 3.05% 23/08/2018 356 0.06




iSHARES IV PLC






$'000


Bonds (31 May 2016: 96.22%) (cont)











1,200,000 Barclays Plc 2% 16/03/2018 1,197 0.21




300,000 Johnson & Johnson 1.125% 21/11/2017 300 0.05

1,500,000 Johnson & Johnson 5.15% 15/07/2018 1,593 0.28

1,450,000 Microsoft Corp 0.875% 15/11/2017 1,448 0.25


5,474,000 Apple Inc 1% 03/05/2018 5,449 0.94

1,250,000 Apple Inc 1.3% 23/02/2018 1,250 0.22

3,100,000 Exxon Mobil Corp 1.305% 06/03/2018 3,098 0.54

750,000 Exxon Mobil Corp 1.439% 01/03/2018 751 0.13



1,000,000 Berkshire Hathaway Finance Corp 2% 15/08/2018 1,008 0.18



1,500,000 Merck & Co Inc 1.1% 31/01/2018 1,497 0.26

1,300,000 Merck & Co Inc 1.3% 18/05/2018 1,299 0.23

2,250,000 Pfizer Inc 1.2% 01/06/2018 2,250 0.39

200,000 Pfizer Inc 1.5% 15/06/2018 200 0.03

500,000 Pfizer Inc 4.65% 01/03/2018 519 0.09




1,150,000 3M Co 1.375% 07/08/2018 1,150 0.20

1,250,000 Amazon.com Inc 1.2% 29/11/2017 1,250 0.22

1,000,000 Chevron Corp 1.104% 05/12/2017 998 0.17

100,000 Chevron Corp 1.344% 09/11/2017 100 0.02

2,000,000 Chevron Corp 1.345% 15/11/2017 2,001 0.35

3,600,000 Chevron Corp 1.365% 02/03/2018 3,592 0.62


$'000




1,500,000 Chevron Corp 1.718% 24/06/2018 1,504 0.26



1,585,000 Coca-Cola Co 0.875% 27/10/2017 1,582 0.27

1,600,000 Coca-Cola Co 1.15% 01/04/2018 1,596 0.28

500,000 Coca-Cola Co 1.65% 14/03/2018 502 0.09

1,200,000 Colgate-Palmolive Co 0.9% 01/05/2018 1,192 0.21

1,750,000 Eli Lilly & Co 1.25% 01/03/2018 1,746 0.30






2,100,000 Oracle Corp 1.2% 15/10/2017 2,102 0.37

3,320,000 Oracle Corp 5.75% 15/04/2018 3,512 0.61

1,250,000 Precision Castparts Corp 1.25% 15/01/2018 1,247 0.22





1,750,000 US Bank NA 1.35% 26/01/2018 1,748 0.30

500,000 US Bank NA 1.45% 29/01/2018 500 0.09





350,000 Connecticut Light & Power Co 5.65% 01/05/2018 369 0.07


1,150,000 General Dynamics Corp 1% 15/11/2017 1,149 0.20

3,000,000 GlaxoSmithKline Capital Inc 5.65% 15/05/2018 3,170 0.55

3,978,000 Intel Corp 1.35% 15/12/2017 3,986 0.69

250,000 JPMorgan Chase Bank NA 1.45% 21/09/2018 249 0.04

1,250,000 MUFG Union Bank NA 2.625% 26/09/2018 1,264 0.22

iSHARES IV PLC






$'000


Bonds (31 May 2016: 96.22%) (cont)



500,000 Nevada Power Co 6.5% 15/05/2018 535 0.09

1,000,000 Paccar Financial Corp 1.4% 18/05/2018 999 0.17


350,000 PacifiCorp 5.65% 15/07/2018 372 0.07

1,000,000 United Parcel Service Inc 1.125% 01/10/2017 999 0.17





500,000 UnitedHealth Group Inc 6% 15/02/2018 526 0.09

2,750,000 Visa Inc 1.2% 14/12/2017 2,751 0.48


2,350,000 Qualcomm Inc 1.4% 18/05/2018 2,345 0.41





500,000 Air Products & Chemicals 1.2% 15/10/2017 500 0.09

745,000 Amgen Inc 6.15% 01/06/2018 792 0.14

240,000 Archer-Daniels-Midland Co 5.45% 15/03/2018 252 0.04




500,000 Boeing Capital Corp 2.9% 15/08/2018 512 0.09

250,000 Boeing Co 0.95% 15/05/2018 248 0.04

1,000,000 Branch Banking & Trust Co 1.35% 01/10/2017 1,000 0.17

1,450,000 Burlington Northern Santa Fe LLC 5.75% 15/03/2018 1,528 0.26







$'000





500,000 Chubb Corp 5.75% 15/05/2018 529 0.09

500,000 CR Bard Inc 1.375% 15/01/2018 498 0.09

500,000 Danaher Corp 1.65% 15/09/2018 501 0.09

150,000 Entergy Gulf States Louisiana LLC 6% 01/05/2018 159 0.03

1,350,000 Gilead Sciences Inc 1.85% 04/09/2018 1,356 0.23

500,000 Hershey Co 1.6% 21/08/2018 501 0.09

1,750,000 Home Depot Inc 2.25% 10/09/2018 1,775 0.31

200,000 HSBC USA Inc 1.5% 13/11/2017 200 0.03

500,000 HSBC USA Inc 1.625% 16/01/2018 499 0.09

2,200,000 HSBC USA Inc 1.7% 05/03/2018 2,196 0.38

2,500,000 HSBC USA Inc 2% 07/08/2018 2,500 0.43

1,000,000 HSBC USA Inc 2.625% 24/09/2018 1,011 0.17






870,000 Manufacturers & Traders Trust Co 1.45% 07/03/2018 868 0.15

1,180,000 Medtronic Inc 1.375% 01/04/2018 1,178 0.20

600,000 Medtronic Inc 1.5% 15/03/2018 600 0.10

200,000 National Rural Utilities Cooperative Finance Corp 5.45% 01/02/2018 209 0.04

200,000 Northern States Power Co 5.25% 01/03/2018 209 0.04

1,200,000 NYSE Holdings LLC 2% 05/10/2017 1,207 0.21

350,000 Occidental Petroleum Corp 1.5% 15/02/2018 350 0.06

1,000,000 Oncor Electric Delivery Co LLC 6.8% 01/09/2018 1,084 0.19

500,000 Parker-Hannifin Corp 5.5% 15/05/2018 529 0.09

1,995,000 PepsiCo Inc 1% 13/10/2017 1,993 0.35

1,350,000 PepsiCo Inc 1.25% 30/04/2018 1,347 0.23

1,050,000 PepsiCo Inc 5% 01/06/2018 1,105 0.19



1,750,000 PNC Bank NA* 1.5% 23/02/2018 1,749 0.30

2,000,000 PNC Bank NA* 1.6% 01/06/2018 1,997 0.35

250,000 PNC Bank NA* 1.85% 20/07/2018 251 0.04

700,000 Prudential Financial Inc 6% 01/12/2017 730 0.13

500,000 Ralph Lauren Corp 2.125% 26/09/2018 504 0.09

iSHARES IV PLC






$'000


Bonds (31 May 2016: 96.22%) (cont)



1,250,000 Stryker Corp 1.3% 01/04/2018 1,245 0.22

1,500,000 Target Corp 6% 15/01/2018 1,575 0.27

476,000 Travelers Cos Inc 5.75% 15/12/2017 497 0.09

1,750,000 Wachovia Corp 5.75% 01/02/2018 1,829 0.32

1,450,000 Walt Disney Co 1.1% 01/12/2017 1,449 0.25

1,500,000 Walt Disney Co 1.5% 17/09/2018 1,502 0.26

4,250,000 Wells Fargo & Co 1.5% 16/01/2018 4,240 0.74

3,250,000 Wells Fargo & Co 5.625% 11/12/2017 3,382 0.59


1,700,000 Anthem Inc 2.3% 15/07/2018 1,710 0.30

1,150,000 Sherwin-Williams Co 1.35% 15/12/2017 1,150 0.20


4,850,000 AbbVie Inc 1.75% 06/11/2017 4,882 0.85

3,100,000 AbbVie Inc 1.8% 14/05/2018 3,098 0.54

1,000,000 Aetna Inc 1.5% 15/11/2017 1,000 0.17

1,195,000 Aetna Inc 1.7% 07/06/2018 1,194 0.21




1,000,000 BB&T Corp 1.45% 12/01/2018 999 0.17

300,000 BB&T Corp 2.05% 19/06/2018 302 0.05



1,750,000 Berkshire Hathaway Energy Co 5.75% 01/04/2018 1,844 0.32

1,500,000 Biogen Inc 6.875% 01/03/2018 1,593 0.28

1,000,000 Cardinal Health Inc 1.7% 15/03/2018 999 0.17

320,000 Cardinal Health Inc 1.95% 15/06/2018 321 0.06


1,950,000 Comcast Corp 5.7% 15/05/2018 2,064 0.36

1,150,000 Comcast Corp 6.3% 15/11/2017 1,203 0.21

1,250,000 Commonwealth Edison Co 5.8% 15/03/2018 1,316 0.23



350,000 Consolidated Edison Co of New York Inc 5.85% 01/04/2018 370 0.06

1,800,000 Eaton Corp 1.5% 02/11/2017 1,803 0.31

1,150,000 Ecolab Inc 1.55% 12/01/2018 1,149 0.20

500,000 Eversource Energy 1.45% 01/05/2018 498 0.09


$'000




1,200,000 Fifth Third Bank 1.45% 28/02/2018 1,197 0.21

400,000 Fifth Third Bank 2.15% 20/08/2018 402 0.07





1,500,000 KeyBank NA 1.65% 01/02/2018 1,500 0.26

1,000,000 KeyBank NA 1.7% 01/06/2018 1,000 0.17

1,000,000 McCormick & Co Inc 5.75% 15/12/2017 1,046 0.18

1,000,000 MetLife Inc 1.903% 15/12/2017 1,004 0.17

1,700,000 MetLife Inc 6.817% 15/08/2018 1,841 0.32

900,000 Nucor Corp 5.75% 01/12/2017 934 0.16




1,650,000 EI du Pont de Nemours & Co 6% 15/07/2018 1,759 0.31

500,000 Humana Inc 7.2% 15/06/2018 540 0.09

500,000 St Jude Medical Inc 2% 15/09/2018 501 0.09

Corporate bonds: BBB+/*+ rating

680,000 Ohio Power Co 6.05% 01/05/2018 717 0.12


1,000,000 21st Century Fox America Inc 7.25% 18/05/2018 1,077 0.19

2,500,000 American Express Co 7% 19/03/2018 2,665 0.46





1,850,000 Becton Dickinson and Co 1.8% 15/12/2017 1,851 0.32

500,000 Capital One NA/Mclean VA 1.5% 22/03/2018 498 0.09

1,500,000 Capital One NA/Mclean VA 1.65% 05/02/2018 1,496 0.26

1,750,000 Capital One NA/Mclean VA 2.35% 17/08/2018 1,761 0.31

2,500,000 Celgene Corp 2.125% 15/08/2018 2,511 0.44

1,000,000 Celgene Corp 2.3% 15/08/2018 1,007 0.17

500,000 CenterPoint Energy Inc 6.5% 01/05/2018 534 0.09

iSHARES IV PLC






$'000


Bonds (31 May 2016: 96.22%) (cont)



4,250,000 Citigroup Inc 1.7% 27/04/2018 4,239 0.74

1,500,000 Citigroup Inc 1.75% 01/05/2018 1,497 0.26

3,250,000 Citigroup Inc 1.8% 05/02/2018 3,249 0.56

500,000 Citigroup Inc 1.85% 24/11/2017 501 0.09

1,500,000 Citigroup Inc 2.15% 30/07/2018 1,505 0.26

4,000,000 Citigroup Inc 2.5% 26/09/2018 4,039 0.70

600,000 Citigroup Inc 6.125% 15/05/2018 636 0.11

500,000 Corning Inc 1.5% 08/05/2018 497 0.09

500,000 CRH America Inc 8.125% 15/07/2018 547 0.09

3,000,000 CVS Health Corp 1.9% 20/07/2018 3,006 0.52

176,000 Dr Pepper Snapple Group Inc 6.82% 01/05/2018 189 0.03

1,600,000 Duke Energy Corp 2.1% 15/06/2018 1,608 0.28

1,250,000 eBay Inc 2.5% 09/03/2018 1,260 0.22

1,100,000 Enterprise Products Operating LLC 1.65% 07/05/2018 1,095 0.19

1,000,000 General Mills Inc 1.4% 20/10/2017 1,002 0.17





1,025,000 Halliburton Co 2% 01/08/2018 1,027 0.18


1,000,000 Huntington National Bank 2% 30/06/2018 1,002 0.17

500,000 Johnson Controls Inc 1.4% 02/11/2017 500 0.09

2,250,000 McDonald's Corp 5.35% 01/03/2018 2,352 0.41

750,000 McKesson Corp 1.4% 15/03/2018 747 0.13

1,575,000 Medco Health Solutions Inc 7.125% 15/03/2018 1,676 0.29

700,000 Morgan Stanley 1.875% 05/01/2018 701 0.12

3,500,000 Morgan Stanley 2.125% 25/04/2018 3,512 0.61

2,200,000 Morgan Stanley 5.95% 28/12/2017 2,297 0.40

5,000,000 Morgan Stanley 6.625% 01/04/2018 5,304 0.92

900,000 NetApp Inc 2% 15/12/2017 901 0.16

610,000 NextEra Energy Capital Holdings Inc 1.649% 01/09/2018 609 0.11

1,060,000 NiSource Finance Corp 6.4% 15/03/2018 1,119 0.19

750,000 Nordstrom Inc 6.25% 15/01/2018 786 0.14


1,100,000 Pacific Gas & Electric Co 5.625% 30/11/2017 1,146 0.20


$'000




854,000 Public Service Co of New Mexico 7.95% 15/05/2018 925 0.16

150,000 Realty Income Corp 2% 31/01/2018 150 0.03

2,000,000 Regions Bank 2.25% 14/09/2018 2,007 0.35

1,100,000 Republic Services Inc 3.8% 15/05/2018 1,132 0.20

850,000 S&P Global Inc 2.5% 15/08/2018 857 0.15

750,000 Santander Bank NA 2% 12/01/2018 748 0.13


1,350,000 Sempra Energy 6.15% 15/06/2018 1,432 0.25

310,000 Southern Co 1.55% 01/07/2018 309 0.05

2,000,000 Southern Co 2.45% 01/09/2018 2,020 0.35

250,000 Southern Power Co 1.5% 01/06/2018 249 0.04

750,000 Southern Power Co 1.85% 01/12/2017 753 0.13

250,000 Sysco Corp 5.25% 12/02/2018 260 0.05

900,000 Ventas Realty LP / Ventas Capital Corp 2% 15/02/2018 902 0.16





250,000 WEC Energy Group Inc 1.65% 15/06/2018 250 0.04

350,000 Welltower Inc 2.25% 15/03/2018 352 0.06


4,500,000 AT&T Inc 1.4% 01/12/2017 4,487 0.78

1,650,000 AT&T Inc 5.5% 01/02/2018 1,717 0.30

1,500,000 AT&T Inc 5.6% 15/05/2018 1,578 0.27


800,000 American Electric Power Co Inc 1.65% 15/12/2017 801 0.14

1,200,000 Historic TW Inc 6.875% 15/06/2018 1,288 0.22

250,000 Spectra Energy Partners LP 2.95% 25/09/2018 254 0.05

500,000 Time Warner Cos Inc 7.25% 15/10/2017 525 0.09


2,000,000 Actavis Inc 1.875% 01/10/2017 2,004 0.35

1,000,000 Air Lease Corp 2.125% 15/01/2018 1,000 0.17

250,000 Air Lease Corp 2.625% 04/09/2018 252 0.04

550,000 Apache Corp 6.9% 15/09/2018 595 0.10

500,000 Beam Suntory Inc 1.75% 15/06/2018 498 0.09

469,000 CMS Energy Corp 5.05% 15/02/2018 488 0.08

500,000 Discover Bank 2% 21/02/2018 500 0.09

500,000 Dollar General Corp 1.875% 15/04/2018 501 0.09

iSHARES IV PLC






$'000


Bonds (31 May 2016: 96.22%) (cont)





100,000 Dow Chemical Co 5.7% 15/05/2018 105 0.02

150,000 EQT Corp 6.5% 01/04/2018 158 0.03








500,000 Huntington Bancshares Inc/OH 2.6% 02/08/2018 505 0.09

730,000 Ingersoll-Rand Global Holding Co Ltd 6.875% 15/08/2018 791 0.14

1,080,000 JM Smucker Co 1.75% 15/03/2018 1,080 0.19

500,000 Mattel Inc 1.7% 15/03/2018 499 0.09

850,000 Nasdaq Inc 5.25% 16/01/2018 881 0.15

1,200,000 Northrop Grumman Corp 1.75% 01/06/2018 1,203 0.21

200,000 Oneok Partners LP 2% 01/10/2017 200 0.03

500,000 Oneok Partners LP 3.2% 15/09/2018 511 0.09

1,775,000 Reynolds American Inc 2.3% 12/06/2018 1,788 0.31

250,000 Starwood Hotels & Resorts Worldwide LLC 6.75% 15/05/2018 267 0.05

500,000 Thermo Fisher Scientific Inc 1.85% 15/01/2018 501 0.09

2,200,000 Time Warner Cable LLC 6.75% 01/07/2018 2,358 0.41

1,250,000 Voya Financial Inc 2.9% 15/02/2018 1,264 0.22



500,000 Western Union Co 2.875% 10/12/2017 506 0.09

100,000 Western Union Co 3.65% 22/08/2018 103 0.02

1,500,000 Zimmer Biomet Holdings Inc 2% 01/04/2018 1,501 0.26


100,000 Spectra Energy Capital LLC 6.2% 15/04/2018 105 0.02


$'000





500,000 Baxalta Inc 2% 22/06/2018 500 0.09

600,000 Best Buy Co Inc 5% 01/08/2018 628 0.11

150,000 Brandywine Operating Partnership LP 4.95% 15/04/2018 155 0.03

1,000,000 Buckeye Partners LP 6.05% 15/01/2018 1,041 0.18

250,000 DDR Corp 4.75% 15/04/2018 258 0.04


350,000 Energy Transfer Partners LP 6.7% 01/07/2018 372 0.06




500,000 Harris Corp 1.999% 27/04/2018 501 0.09

500,000 International Lease Finance Corp 3.875% 15/04/2018 510 0.09




900,000 Kinder Morgan Inc 2% 01/12/2017 901 0.16

250,000 Kinder Morgan Inc 7.25% 01/06/2018 267 0.05

3,165,000 Kraft Heinz Foods Co 2% 02/07/2018 3,172 0.55


2,000,000 Marathon Oil Corp 5.9% 15/03/2018 2,077 0.36

500,000 Mylan Inc 2.6% 24/06/2018 501 0.09


500,000 Newell Brands Inc 2.05% 01/12/2017 502 0.09

250,000 Northwest Pipeline LLC 6.05% 15/06/2018 262 0.05

325,000 Pioneer Natural Resources Co 6.875% 01/05/2018 346 0.06


575,000 Select Income REIT 2.85% 01/02/2018 577 0.10

1,000,000 Staples Inc 2.75% 12/01/2018 1,005 0.17


650,000 Viacom Inc 2.5% 01/09/2018 654 0.11

500,000 Viacom Inc 6.125% 05/10/2017 518 0.09

250,000 Wyndham Worldwide Corp 2.5% 01/03/2018 252 0.04

iSHARES IV PLC






$'000


Bonds (31 May 2016: 96.22%) (cont)



1,000,000 Xerox Corp 6.35% 15/05/2018 1,053 0.18

1,000,000 Zoetis Inc 1.875% 01/02/2018 999 0.17







Bank Overdraft† (785) (0.14)



† Substantially all cash positions are held with State Street Bank and Trust Company. * Investments in related party.





Fair value $'000







iSHARES IV PLC







Sales Purchases

3,150,000 EMC Corp 1.875% 01/06/2018 3,087 4,000,000 Citigroup Inc 2.5% 26/09/2018 4,067

700,000 CF Industries Inc 6.875% 01/05/2018 738 3,500,000 General Electric Co 5.25% 06/12/2017 3,719

250,000 Brinker International Inc 2.6% 15/05/2018 250 3,500,000 Goldman Sachs Group Inc 2.9% 19/07/2018 3,586

3,000,000 Bear Stearns Cos LLC 6.4% 02/10/2017 3,188

3,000,000 Wells Fargo & Co 1.5% 16/01/2018 3,009

3,000,000 Citigroup Inc 1.7% 27/04/2018 3,000

2,500,000 Goldman Sachs Group Inc 2.375% 22/01/2018 2,532

2,500,000 Morgan Stanley 2.125% 25/04/2018 2,523

2,500,000 International Business Machines Corp 1.125%

06/02/2018 2,507

2,250,000 Pfizer Inc 1.2% 01/06/2018 2,253

2,000,000 International Lease Finance Corp 7.125%

01/09/2018 2,203

2,000,000 JPMorgan Chase & Co 6% 15/01/2018 2,141

2,000,000 Marathon Oil Corp 5.9% 15/03/2018 2,078

1,890,000 Bank of America Corp 6.875% 25/04/2018 2,064

2,000,000 Wells Fargo Bank NA 1.65% 22/01/2018 2,015

2,000,000 Intel Corp 1.35% 15/12/2017 2,011

2,000,000 Chevron Corp 1.345% 15/11/2017 2,007

2,000,000 Credit Suisse AG 1.75% 29/01/2018 2,005

2,000,000 JPMorgan Chase & Co 1.625% 15/05/2018 2,004

2,000,000 Ford Motor Credit Co LLC 1.724% 06/12/2017 2,002





iSHARES IV PLC

iShares MSCI China A UCITS ETF





2016 $’000


2015 $’000






Finance costs:













2016 $’000


2015 $’000



Share transactions:


Payments on redemption of redeemable participating shares (901) (29,814)

Increase/(decrease) in net assets resulting from share transactions 10,952 (26,402)



iSHARES IV PLC






31 May 2016 $’000

CURRENT ASSETS

Cash 166 135

Receivables - 1



CURRENT LIABILITIES


Payables (20) (13)






iSHARES IV PLC






$'000



Equities (31 May 2016: 99.31%)


Advertising

12,960 Guangdong Advertising Group Co Ltd Com CNY 1.00* 26 0.07

18,600 Hunan TV & Broadcast Intermediary Co Ltd Com CNY 1.00 42 0.12

Aerospace & defence

34,000 Avic Aircraft Co Ltd Com CNY 1.00 110 0.30

23,500 Avic Aviation Engine Corp Plc Com CNY 1.00 120 0.33

16,600 Avic Aviation High-Technology Co Ltd Com CNY 1.00 31 0.09

19,550 Avic Electromechanical Systems Co Ltd Com CNY 1.00 52 0.14

7,300 Avic Helicopter Co Ltd Com CNY 1.00 49 0.14

12,600 China Aerospace Times Electronics Co Ltd Com CNY 1.00 29 0.08

8,700 Jiangxi Hongdu Aviation Industry Co Ltd Com CNY 1.00 25 0.07

48,000 Jihua Group Corp Ltd Com CNY 1.00 58 0.16

Agriculture

51,675 Beijing Dabeinong Technology Group Co Ltd Com CNY 1.00 56 0.16

16,800 Guangdong Haid Group Co Ltd Com CNY 1.00 36 0.10

22,900 Heilongjiang Agriculture Co Ltd Com CNY 1.00 41 0.11

59,040 Hunan Dakang International Food & Agriculture Co Ltd Com CNY 1.00 31 0.09

49,500 New Hope Liuhe Co Ltd Com CNY 1.00 61 0.17

12,500 Thaihot Group Co Ltd Com CNY 1.00 37 0.10

14,600 Yuan Longping High-tech Agriculture Co Ltd Com CNY 1.00 43 0.12

Airlines

47,062 Air China Ltd Com CNY 1.00 54 0.15

104,300 China Eastern Airlines Corp Ltd Com CNY 1.00 100 0.28

82,600 China Southern Airlines Co Ltd Com CNY 1.00 93 0.26

199,100 Hainan Airlines Co Ltd Com CNY 1.00 97 0.27

6,500 Spring Airlines Co Ltd Com CNY 1.00 40 0.11

Alternative energy

159,300 China National Nuclear Power Co Ltd Com CNY 1.00 169 0.47

Apparel retailers

8,400 Visual China Group Co Ltd Com CNY 1.00 27 0.07

31,300 Youngor Group Co Ltd Com CNY 1.00 68 0.19

Auto manufacturers

19,000 Anhui Jianghuai Automobile Group Corp Ltd Com CNY 1.00 35 0.10

86,800 Beiqi Foton Motor Co Ltd Com CNY 1.00 40 0.11

22,000 Byd Co Ltd Com CNY 1.00 177 0.49

18,200 China Avionics Systems Co Ltd Com CNY 1.00 51 0.14

43,800 Chongqing Changan Automobile Co Ltd Com CNY 1.00 104 0.29


$'000


People's Republic of China (31 May 2016: 99.31%) (cont)

Auto manufacturers (cont)

20,500 Faw Car Co Ltd Com CNY 1.00 35 0.10

63,500 Hubei Energy Group Co Ltd Com CNY 1.00 46 0.13

82,000 Pang Da Automobile Trade Co Ltd Com CNY 1.00 35 0.09

89,600 SAIC Motor Corp Ltd Com CNY 1.00 328 0.91

12,000 Weifu High-Technology Group Co Ltd Com CNY 1.00 42 0.12

27,150 Zhengzhou Yutong Bus Co Ltd Com CNY 1.00 83 0.23


24,600 Fuyao Glass Industry Group Co Ltd Com CNY 1.00 67 0.19

39,300 Huayu Automotive Systems Co Ltd Com CNY 1.00 96 0.27

11,929 Hunan Jiangnan Red Arrow Co Ltd Com CNY 1.00 23 0.06

7,900 Ningbo Joyson Electronic Corp Com CNY 1.00 40 0.11

28,340 Wanxiang Qianchao Co Ltd Com CNY 1.00 60 0.17

34,300 Weichai Power Co Ltd Com CNY 1.00 51 0.14

15,800 Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co Ltd Com CNY 1.00 44 0.12

22,400 Zhejiang Wanfeng Auto Wheel Co Ltd Com CNY 1.00 66 0.18

Banks

961,300 Agricultural Bank of China Ltd Com CNY 1.00 447 1.24

185,060 Bank of Beijing Co Ltd Com CNY 1.00 272 0.75

597,500 Bank of China Ltd Com CNY 1.00 305 0.85

477,000 Bank of Communications Co Ltd Com CNY 1.00 405 1.12

74,280 Bank of Nanjing Co Ltd Com CNY 1.00 124 0.34

47,880 Bank of Ningbo Co Ltd Com CNY 1.00 122 0.34

68,600 China CITIC Bank Corp Ltd Com CNY 1.00 67 0.19

116,800 China Construction Bank Corp Com CNY 1.00 94 0.26

484,400 China Everbright Bank Co Ltd Com CNY 1.00 287 0.80

252,900 China Merchants Bank Co Ltd Com CNY 1.00 681 1.89

359,500 China Minsheng Banking Corp Ltd Com CNY 1.00 495 1.37

129,220 Huaxia Bank Co Ltd Com CNY 1.00 217 0.60

660,600 Industrial & Commercial Bank of China Ltd Com CNY 1.00 433 1.20

233,600 Industrial Bank Co Ltd Com CNY 1.00 570 1.58

208,047 Ping An Bank Co Ltd Com CNY 1.00 288 0.80

261,420 Shanghai Pudong Development Bank Co Ltd Com CNY 1.00 651 1.81

Beverages

35,300 Beijing Yanjing Brewery Co Ltd Com CNY 1.00 39 0.11

15,360 Jiangsu Yanghe Brewery Joint-Stock Co Ltd Com CNY 1.00 157 0.44

15,380 Kweichow Moutai Co Ltd Com CNY 1.00 712 1.98

16,800 Luzhou Laojiao Co Ltd Com CNY 1.00 84 0.23

8,400 Tsingtao Brewery Co Ltd Com CNY 1.00 38 0.10

46,400 Wuliangye Yibin Co Ltd Com CNY 1.00 242 0.67

Biotechnology

11,760 Hualan Biological Engineering Inc Com CNY 1.00 61 0.17

30,500 MeiHua Holdings Group Co Ltd Com CNY 1.00 30 0.08

iSHARES IV PLC






$'000




Building & construction materials

50,700 Anhui Conch Cement Co Ltd Com CNY 1.00 133 0.37

78,600 BBMG Corp Com CNY 1.00 52 0.15

16,100 Beijing New Building Materials Plc Com CNY 1.00 26 0.07


27,200 China Jushi Co Ltd Com CNY 1.00 45 0.12

8,900 Luxin Venture Capital Group Co Ltd Com CNY 1.00 33 0.09

32,550 Suzhou Gold Mantis Construction Decoration Co Ltd Com CNY 1.00 53 0.15

27,490 CEFC Anhui International Holding Co Ltd Com CNY 1.00 36 0.10

54,600 China Hainan Rubber Industry Group Co Ltd Com CNY 1.00 58 0.16

Chemicals

7,500 Do-Fluoride Chemicals Co Ltd Com CNY 1.00 34 0.09

31,025 Hongda Xingye Co Ltd Com CNY 1.00 34 0.09

40,200 Hubei Biocause Pharmaceutical Co Ltd Com CNY 1.00 49 0.14

68,840 Inner Mongolia Junzheng Energy & Chemical Industry Group Co Ltd Com CNY 1.00 52 0.15

39,400 Kingenta Ecological Engineering Group Co Ltd Com CNY 1.00 45 0.13

31,300 Kingfa Sci & Tech Co Ltd Com CNY 1.00 34 0.09

19,100 Qinghai Salt Lake Industry Co Ltd Com CNY 1.00 56 0.16

59,700 Sinopec Shanghai Petrochemical Co Ltd Com CNY 1.00 53 0.15

12,000 Tianqi Lithium Industries Inc Com CNY 1.00 66 0.18

27,300 Wanhua Chemical Group Co Ltd Com CNY 1.00 83 0.23

23,100 Zhejiang Juhua Co Ltd Com CNY 1.00 37 0.10

40,300 Zhejiang Longsheng Group Co Ltd Com CNY 1.00 55 0.15

Coal

54,200 China Shenhua Energy Co Ltd Com CNY 1.00 133 0.37

43,580 Jizhong Energy Resources Co Ltd Com CNY 1.00 51 0.14

11,000 Shanghai U9 Game Co Ltd Com CNY 1.00 22 0.06

38,480 Shanxi Lu'an Environmental Energy Development Co Ltd Com CNY 1.00 52 0.15

39,300 Shanxi Xishan Coal & Electricity Power Co Ltd Com CNY 1.00 59 0.16

30,800 Yang Quan Coal Industry Group Co Ltd Com CNY 1.00 33 0.09

Commercial services

98,080 Dalian Port PDA Co Ltd Com CNY 1.00 41 0.11

26,200 Eternal Asia Supply Chain Management Ltd Com CNY 1.00 46 0.13

39,000 Rizhao Port Co Ltd Com CNY 1.00 24 0.07

86,700 Shanghai International Port Group Co Ltd Com CNY 1.00 67 0.18

16,100 Shenzhen Jinjia Group Co Ltd Com CNY 1.00 25 0.07


$'000




4,900 Taihai Manoir Nuclear Equipment Co Ltd Com CNY 1.00 40 0.11

51,060 TangShan Port Group Co Ltd Com CNY 1.00 32 0.09

23,600 Tianjin Port Co Ltd Com CNY 1.00 36 0.10

55,700 Yingkou Port Liability Co Ltd Com CNY 1.00 29 0.08

16,400 Zhejiang Yasha Decoration Co Ltd Com CNY 1.00 28 0.08

Computers

22,200 Aisino Corp Com CNY 1.00 73 0.20

416,200 BOE Technology Group Co Ltd Com CNY 1.00 175 0.49

7,800 Dawning Information Industry Co Ltd Com CNY 1.00 35 0.10

19,200 DHC Software Co Ltd Com CNY 1.00 65 0.18

10,600 Fujian Newland Computer Co Ltd Com CNY 1.00 29 0.08

19,775 GRG Banking Equipment Co Ltd Com CNY 1.00 43 0.12

12,000 Inspur Electronic Information Industry Co Ltd Com CNY 1.00 40 0.11

14,500 Jiangsu Hongtu High Technology Co Ltd Com CNY 1.00 26 0.07

4,800 Taiji Computer Corp Ltd Com CNY 1.00 23 0.07

36,400 Tsinghua Tongfang Co Ltd Com CNY 1.00 81 0.22

11,000 Venustech Group Inc Com CNY 1.00 36 0.10

19,600 Liaoning Cheng Da Co Ltd Com CNY 1.00 61 0.17

12,700 Minmetals Development Co Ltd Com CNY 1.00 31 0.09

8,200 Shanghai Jahwa United Co Ltd Com CNY 1.00 33 0.09


8,800 Shanghai Waigaoqiao Free Trade Zone Group Co Ltd Com CNY 1.00 26 0.07

18,900 Sinochem International Corp Com CNY 1.00 31 0.08

33,810 Wuchan Zhongda Group Co Ltd Com CNY 1.00 51 0.14

34,700 Xiamen C & D Inc Com CNY 1.00 60 0.17


22,800 Anxin Trust Co Ltd Com CNY 1.00 77 0.22

72,900 Bohai Financial Investment Holding Co Ltd Com CNY 1.00 88 0.24

67,000 Changjiang Securities Co Ltd Com CNY 1.00 118 0.33

71,300 China Merchants Securities Co Ltd Com CNY 1.00 197 0.55

120,800 CITIC Securities Co Ltd Com CNY 1.00 311 0.86

25,200 Dongxing Securities Co Ltd Com CNY 1.00 84 0.23

46,300 Everbright Securities Co Ltd Com CNY 1.00 118 0.33

105,100 Founder Securities Co Ltd Com CNY 1.00 130 0.36

73,500 GF Securities Co Ltd Com CNY 1.00 209 0.58

50,900 Guosen Securities Co Ltd Com CNY 1.00 131 0.36

62,700 Guotai Junan Securities Co Ltd Com CNY 1.00 181 0.50

24,100 Guoyuan Securities Co Ltd Com CNY 1.00 80 0.22

97,700 Haitong Securities Co Ltd Com CNY 1.00 238 0.66

67,000 Huatai Securities Co Ltd Com CNY 1.00 193 0.54

84,570 Industrial Securities Co Ltd Com CNY 1.00 106 0.29

30,000 Northeast Securities Co Ltd Com CNY 1.00 60 0.17

iSHARES IV PLC






$'000





62,700 Orient Securities Co Ltd Com CNY 1.00 155 0.43

87,820 Pacific Securities Co Ltd Com CNY 1.00 78 0.22

29,900 SDIC Essence Holdings Co Ltd Com CNY 1.00 73 0.20

51,200 Sealand Securities Co Ltd Com CNY 1.00 58 0.16

33,900 Shaanxi International Trust Co Ltd Com CNY 1.00* 37 0.10

24,400 Shanghai DZH Ltd Com CNY 1.00 30 0.08

34,800 Shanxi Securities Co Ltd Com CNY 1.00 71 0.20

245,700 Shenwan Hongyuan Group Co Ltd Com CNY 1.00 247 0.69

38,600 Sinolink Securities Co Ltd Com CNY 1.00 79 0.22

36,100 SooChow Securities Co Ltd Com CNY 1.00 77 0.21

71,000 Southwest Securities Co Ltd Com CNY 1.00 80 0.22

34,800 Western Securities Co Ltd Com CNY 1.00 125 0.35


7,700 Avic Jonhon OptronicTechnology Co Ltd Com CNY 1.00 42 0.12

15,560 Changyuan Group Ltd Com CNY 1.00* 37 0.10

59,000 China XD Electric Co Ltd Com CNY 1.00 52 0.14

16,700 Chinese Universe Publishing and Media Co Ltd Com CNY 1.00 55 0.15

22,700 Dongfang Electric Corp Ltd Com CNY 1.00 34 0.10

22,400 Fangda Carbon New Material Co Ltd Com CNY 1.00 33 0.09

12,600 Henan Pinggao Electric Co Ltd Com CNY 1.00 30 0.08

42,400 Qingdao Hanhe Cable Co Ltd Com CNY 1.00 28 0.08

36,300 TBEA Co Ltd Com CNY 1.00 51 0.14

27,300 Xinjiang Goldwind Science & Technology Co Ltd Com CNY 1.00 74 0.21

12,300 XJ Electric Co Ltd Com CNY 1.00 30 0.08

15,710 Zhejiang Chint Electrics Co Ltd Com CNY 1.00 50 0.14

11,800 Zhejiang Wanma Co Ltd Com CNY 1.00 29 0.08

23,800 Zhongshan Broad Ocean Motor Co Ltd Com CNY 1.00 33 0.09

Electricity

39,500 Beijing Jingneng Power Co Ltd Com CNY 1.00 26 0.07

177,300 China Yangtze Power Co Ltd Com CNY 1.00 343 0.95

248,600 GD Power Development Co Ltd Com CNY 1.00 118 0.33

97,500 Huadian Power International Corp Ltd Com CNY 1.00 75 0.21

85,900 Huaneng Power International Inc Com CNY 1.00 95 0.26

66,200 Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd Com CNY 1.00 32 0.09

85,900 SDIC Power Holdings Co Ltd Com CNY 1.00 87 0.24

20,600 Shanghai Electric Power Co Ltd Com CNY 1.00* 35 0.10

55,400 Shenergy Co Ltd Com CNY 1.00 49 0.14

42,600 Shenzhen Energy Group Co Ltd Com CNY 1.00 44 0.12

55,300 Sichuan Chuantou Energy Co Ltd Com CNY 1.00 74 0.20

20,350 Zhefu Holding Group Co Ltd Com CNY 1.00 18 0.05

105,700 Zhejiang Zheneng Electric Power Co Ltd Com CNY 1.00 87 0.24


$'000



Electronics

15,150 Chengdu Santai Holding Group Co Ltd Com CNY 1.00 23 0.06

14,400 China Security & Fire Co Ltd Com CNY 1.00 40 0.11

59,800 Dongxu Optoelectronic Technology Co Ltd Com CNY 1.00 112 0.31

19,400 GoerTek Inc Com CNY 1.00 80 0.22

12,700 Han's Laser Technology Industry Group Co Ltd Com CNY 1.00 43 0.12

74,400 Hangzhou Hikvision Digital Technology Co Ltd Com CNY 1.00 270 0.75

23,100 Luxshare Precision Industry Co Ltd Com CNY 1.00 68 0.19

18,400 North Navigation Control Technology Co Ltd Com CNY 1.00 39 0.11

14,300 Tatwah Smartech Co Ltd Com CNY 1.00 48 0.13

19,960 Tianjin Zhonghuan Semiconductor Co Ltd Com CNY 1.00* 24 0.07

16,500 Tianma Microelectronics Co Ltd Com CNY 1.00* 45 0.13

7,700 Unigroup Guoxin Co Ltd Com CNY 1.00 40 0.11

4,800 Westone Information Industry Inc Com CNY 1.00 23 0.06


14,400 Jiangsu Zongyi Co Ltd Com CNY 1.00 23 0.07

73,800 Sinovel Wind Group Co Ltd Com CNY 1.00 30 0.08


11,520 China CAMC Engineering Co Ltd Com CNY 1.00 41 0.11

32,000 China Communications Construction Co Ltd Com CNY 1.00 74 0.21

53,500 China Gezhouba Group Co Ltd Com CNY 1.00 74 0.21

55,500 China National Chemical Engineering Co Ltd Com CNY 1.00 53 0.15

92,500 China Railway Construction Corp Ltd Com CNY 1.00 169 0.47

18,900 China Railway Erju Co Ltd Com CNY 1.00 41 0.11

187,800 China Railway Group Ltd Com CNY 1.00 267 0.74

158,500 Metallurgical Corp of China Ltd Com CNY 1.00 124 0.34

109,800 Power Construction Corp of China Ltd Com CNY 1.00 128 0.36

81,224 Shanghai Construction Group Co Ltd Com CNY 1.00 58 0.16

8,200 Shanghai International Airport Co Ltd Com CNY 1.00 33 0.09

38,000 Shanghai Tunnel Engineering Co Ltd Com CNY 1.00 58 0.16

Entertainment

102,300 Shenzhen Overseas Chinese Town Co Ltd Com CNY 1.00 111 0.31

11,800 Wanda Cinema Line Co Ltd Com CNY 1.00 114 0.31


58,900 Beijing Capital Co Ltd Com CNY 1.00 37 0.10

31,350 Beijing Orient Landscape & Environment Co Ltd Com CNY 1.00 66 0.18

iSHARES IV PLC






$'000




Environmental control (cont)

12,200 Fujian Longking Co Ltd Com CNY 1.00 23 0.07

10,400 Tus - Sound Environmental Resources Co Ltd Com CNY 1.00 50 0.14

Food

16,300 Bright Dairy & Food Co Ltd Com CNY 1.00 33 0.09

26,500 COFCO Tunhe Co Ltd Com CNY 1.00 48 0.13

12,500 Fujian Sunner Development Co Ltd Com CNY 1.00 41 0.12

34,250 Henan Shuanghui Investment & Development Co Ltd Com CNY 1.00 113 0.31

74,100 Inner Mongolia Yili Industrial Group Co Ltd Com CNY 1.00 213 0.59

12,400 Muyuan Foodstuff Co Ltd Com CNY 1.00 45 0.13

20,700 Shenzhen Agricultural Products Co Ltd Com CNY 1.00 41 0.11

116,000 Yonghui Superstores Co Ltd Com CNY 1.00 77 0.21


12,200 Hang Zhou Great Star Industrial Co Ltd Com CNY 1.00 33 0.09


19,500 Meinian Onehealth Healthcare Holdings Co Ltd Com CNY 1.00 38 0.11

40,780 Shanghai RAAS Blood Products Co Ltd Com CNY 1.00 127 0.35

Healthcare products

8,626 Da An Gene Co Ltd of Sun Yat-Sen University Com CNY 1.00 33 0.09

7,900 Jiangsu Yuyue Medical Equipment & Supply Co Ltd Com CNY 1.00 39 0.11


112,600 Avic Capital Co Ltd Com CNY 1.00 110 0.31

23,790 China Baoan Group Co Ltd Com CNY 1.00 36 0.10

13,500 Humanwell Healthcare Group Co Ltd Com CNY 1.00 39 0.11

69,000 Zhejiang China Commodities City Group Co Ltd Com CNY 1.00 83 0.23

Home furnishings

8,100 Hangzhou Robam Appliances Co Ltd Com CNY 1.00 45 0.12

16,500 Hisense Electric Co Ltd Com CNY 1.00 43 0.12

81,450 Midea Group Co Ltd Com CNY 1.00 358 0.99

73,500 Qingdao Haier Co Ltd Com CNY 1.00 114 0.32

32,461 Shanghai Oriental Pearl Media Co Ltd Com CNY 1.00 117 0.32

58,000 Sichuan Changhong Electric Co Ltd Com CNY 1.00 40 0.11

4,600 Suofeiya Home Collection Co Ltd Com CNY 1.00 37 0.10

106,900 TCL Corp Com CNY 1.00* 53 0.15

18,800 Yihua Lifestyle Technology Co Ltd Com CNY 1.00 31 0.09

Hotels

6,700 Shanghai Jinjiang International Hotels Development Co Ltd Com CNY 1.00 30 0.08


$'000



Insurance

34,800 China Life Insurance Co Ltd Com CNY 1.00 130 0.36

77,100 China Pacific Insurance Group Co Ltd Com CNY 1.00 338 0.94

20,200 New China Life Insurance Co Ltd Com CNY 1.00 136 0.38

132,100 Ping An Insurance Group Co of China Ltd Com CNY 1.00 697 1.93

10,700 Xishui Strong Year Co Ltd Com CNY 1.00 32 0.09

Internet

15,600 People.cn Co Ltd Com CNY 1.00 43 0.12

11,500 Searainbow Holding Corp Com CNY 1.00 97 0.27

Iron & steel

51,200 Angang Steel Co Ltd Com CNY 1.00 39 0.11

95,300 Baoshan Iron & Steel Co Ltd Com CNY 1.00* 89 0.24

47,700 Beijing Shougang Co Ltd Com CNY 1.00 46 0.13

13,000 Gansu Gangtai Holding Group Co Ltd Com CNY 1.00* 31 0.09

133,000 Hesteel Co Ltd Com CNY 1.00 62 0.17

332,400 Inner Mongolia BaoTou Steel Union Co Ltd Com CNY 1.00 143 0.40

77,000 Maanshan Iron & Steel Co Ltd Com CNY 1.00 33 0.09

62,400 Pangang Group Vanadium Titanium & Resources Co Ltd Com CNY 1.00 24 0.07

75,100 Shandong Iron and Steel Co Ltd Com CNY 1.00 29 0.08

71,000 Shanxi Taigang Stainless Steel Co Ltd Com CNY 1.00 43 0.12

89,800 Wuhan Iron & Steel Co Ltd Com CNY 1.00 45 0.12

Leisure time

14,400 Avic Aero-Engine Controls Co Ltd Com CNY 1.00 55 0.15

12,100 China International Travel Service Corp Ltd Com CNY 1.00 78 0.22

10,800 UTour Group Co Ltd Com CNY 1.00 28 0.08


78,700 China First Heavy Industries Com CNY 1.00 70 0.19

14,500 China Shipbuilding Industry Group Power Co Ltd Com CNY 1.00 66 0.19

43,200 CITIC Heavy Industries Co Ltd Com CNY 1.00 41 0.11

11,800 Galaxy Biomedical Investment Co Ltd Com CNY 1.00 31 0.09

8,200 Hefei Meiya Optoelectronic Technology Inc Com CNY 1.00 25 0.07

15,000 Jiangxi Special Electric Motor Co Ltd Com CNY 1.00 29 0.08

19,200 Leo Group Co Ltd Com CNY 1.00 48 0.13

28,400 NARI Technology Co Ltd Com CNY 1.00 64 0.18

76,300 Shanghai Electric Group Co Ltd Com CNY 1.00* 106 0.30

8,600 Shanghai Mechanical and Electrical Industry Co Ltd Com CNY 1.00 26 0.07

30,300 Shanghai Zhenhua Heavy Industries Co Ltd Com CNY 1.00 23 0.06

38,800 Tian Di Science & Technology Co Ltd Com CNY 1.00 29 0.08

iSHARES IV PLC






$'000





90,300 Sany Heavy Industry Co Ltd Com CNY 1.00 85 0.24

82,900 XCMG Construction Machinery Co Ltd Com CNY 1.00* 44 0.12

70,700 Zoomlion Heavy Industry Science and Technology Co Ltd Com CNY 1.00 49 0.13


16,200 China CSSC Holdings Ltd Com CNY 1.00 56 0.16

221,900 China Shipbuilding Industry Co Ltd Com CNY 1.00 232 0.64

8,300 CSSC Offshore and Marine Engineering Group Co Ltd Com CNY 1.00 33 0.09

Media

15,600 Beijing Gehua CATV Network Co Ltd Com CNY 1.00 38 0.11

23,400 China South Publishing & Media Group Co Ltd Com CNY 1.00 63 0.17

49,850 CITIC Guoan Information Industry Co Ltd Com CNY 1.00 74 0.21

27,400 Huawen Media Investment Corp Com CNY 1.00 45 0.12

46,960 Jiangsu Broadcasting Cable Information Network Corp Ltd Com CNY 1.00 73 0.20

27,000 Jiangsu Phoenix Publishing & Media Corp Ltd Com CNY 1.00 44 0.12

39,000 Jishi Media Co Ltd Com CNY 1.00 26 0.07

16,200 Zhejiang Daily Media Group Co Ltd Com CNY 1.00 38 0.11


22,500 Jiangsu Shagang Co Ltd Com CNY 1.00* 53 0.14

46,400 Xinxing Ductile Iron Pipes Co Ltd Com CNY 1.00 35 0.10

6,500 Zhongnan Red Culture Group Co Ltd Com CNY 1.00 17 0.05

Mining

134,300 Aluminum Corp of China Ltd Com CNY 1.00 91 0.25

101,900 China Molybdenum Co Ltd Com CNY 0.20 60 0.17

26,200 China Nonferrous Metal Industry's Foreign Engineering and Construction Co Ltd Com CNY 1.00 35 0.10

46,294 China Northern Rare Earth Group High-Tech Co Ltd Com CNY 1.00 87 0.24

30,460 Guangdong HEC Technology Holding Co Ltd Com CNY 1.00* 32 0.09

26,700 Jiangxi Copper Co Ltd Com CNY 1.00 74 0.20

8,600 Jiangxi Ganfeng Lithium Co Ltd Com CNY 1.00 37 0.10

35,900 Jinduicheng Molybdenum Co Ltd Com CNY 1.00 43 0.12

22,500 Shandong Gold Mining Co Ltd Com CNY 1.00 125 0.35

86,950 Shandong Nanshan Aluminum Co Ltd Com CNY 1.00 43 0.12

27,600 Shenzhen Zhongjin Lingnan Nonfemet Co Ltd Com CNY 1.00 51 0.14

121,000 Tongling Nonferrous Metals Group Co Ltd Com CNY 1.00 55 0.15

26,200 Western Mining Co Ltd Com CNY 1.00 31 0.09


$'000



Mining (cont)

14,510 Xiamen Tungsten Co Ltd Com CNY 1.00 56 0.16

53,400 Yunnan Chihong Zinc & Germanium Co Ltd Com CNY 1.00 66 0.18

42,408 Zhongjin Gold Corp Ltd Com CNY 1.00 80 0.22

190,400 Zijin Mining Group Co Ltd Com CNY 0.10 98 0.27


14,700 Anhui Zhongding Sealing Parts Co Ltd Com CNY 1.00* 56 0.15

15,000 China International Marine Containers Group Co Ltd Com CNY 1.00 33 0.09

289,980 CRRC Corp Ltd Com CNY 1.00 504 1.40

38,757 Kangde Xin Composite Material Group Co Ltd Com CNY 1.00 101 0.28

12,500 Shenzhen O-film Tech Co Ltd Com CNY 1.00 67 0.19

34,050 Suzhou Victory Precision Manufacture Co Ltd Com CNY 1.00 47 0.13

Oil & gas

11,600 Beijing SPC Environment Protection Tech Co Ltd Com CNY 1.00 31 0.09

312,700 China Petroleum & Chemical Corp Com CNY 1.00 232 0.64

28,390 Geo-Jade Petroleum Corp Com CNY 1.00 36 0.10

16,800 Oriental Energy Co Ltd Com CNY 1.00 32 0.09

131,700 PetroChina Co Ltd Com CNY 1.00 145 0.40

31,200 Shanghai Dazhong Public Utilities Group Co Ltd Com CNY 1.00 29 0.08

116,960 Wintime Energy Co Ltd Com CNY 1.00 75 0.21

Oil & gas services

55,400 Offshore Oil Engineering Co Ltd Com CNY 1.00 59 0.17

12,000 Yantai Jereh Oilfield Services Group Co Ltd Com CNY 1.00 33 0.09


31,440 Org Packaging Co Ltd Com CNY 1.00 42 0.12

Pharmaceuticals

8,600 Beijing SL Pharmaceutical Co Ltd Com CNY 1.00 37 0.10

16,200 Beijing Tongrentang Co Ltd Com CNY 1.00 81 0.22

3,500 China National Accord Medicines Corp Ltd Com CNY 1.00 36 0.10

11,200 China Resources Sanjiu Medical & Pharmaceutical Co Ltd Com CNY 1.00 43 0.12

7,700 Dong-E-E-Jiao Co Ltd Com CNY 1.00 68 0.19

43,500 Guangxi Wuzhou Zhongheng Group Co Ltd Com CNY 1.00 31 0.09

17,000 Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd Com CNY 1.00 62 0.17

16,700 Guizhou Bailing Group Pharmaceutical Co Ltd Com CNY 1.00 52 0.14

10,400 Guizhou Yibai Pharmaceutical Co Ltd Com CNY 1.00 24 0.07

14,600 Hainan Haiyao Co Ltd Com CNY 1.00 29 0.08

27,000 Harbin Gloria Pharmaceuticals Co Ltd Com CNY 1.00 33 0.09

iSHARES IV PLC






$'000





29,910 Harbin Pharmaceutical Group Co Ltd Com CNY 1.00 40 0.11

23,200 Hengkang Medical Group Co Ltd Com CNY 1.00 44 0.12

6,500 Huadong Medicine Co Ltd Com CNY 1.00 69 0.19

26,500 Huapont Life Sciences Co Ltd Com CNY 1.00 38 0.11

27,803 Jiangsu Hengrui Medicine Co Ltd Com CNY 1.00 189 0.53

10,800 Jilin Aodong Pharmaceutical Group Co Ltd Com CNY 1.00 58 0.16

19,400 Joincare Pharmaceutical Group Industry Co Ltd Com CNY 1.00 30 0.08

15,000 Jointown Pharmaceutical Group Co Ltd Com CNY 1.00 45 0.13

61,100 Kangmei Pharmaceutical Co Ltd Com CNY 1.00 153 0.43

22,800 Shanghai Fosun Pharmaceutical Group Co Ltd Com CNY 1.00 79 0.22

12,080 Shenzhen Hepalink Pharmaceutical Co Ltd Com CNY 1.00 33 0.09

12,520 Shenzhen Salubris Pharmaceuticals Co Ltd Com CNY 1.00 55 0.15

13,000 Shijiazhuang Yiling Pharmaceutical Co Ltd Com CNY 1.00 33 0.09

16,300 Sichuan Kelun Pharmaceutical Co Ltd Com CNY 1.00 41 0.11

12,400 Tasly Pharmaceutical Group Co Ltd Com CNY 1.00 74 0.21

16,032 Tonghua Dongbao Pharmaceutical Co Ltd Com CNY 1.00 53 0.15

11,700 Tonghua Golden-Horse Pharmaceutical Industry Co Ltd Com CNY 1.00 32 0.09

12,000 Yifan Pharmaceutical Co Ltd Com CNY 1.00 27 0.07

8,600 Yunnan Baiyao Group Co Ltd Com CNY 1.00* 86 0.24

7,500 Zhangzhou Pientzehuang Pharmaceutical Co Ltd Com CNY 1.00 52 0.14

11,660 Zhejiang Huahai Pharmaceutical Co Ltd Com CNY 1.00 40 0.11

12,900 Zhejiang NHU Co Ltd Com CNY 1.00 39 0.11

Pipelines

58,000 Guanghui Energy Co Ltd Com CNY 1.00 37 0.10


30,500 Beijing Capital Development Co Ltd Com CNY 1.00 57 0.16

19,700 Beijing Urban Construction Investment & Development Co Ltd Com CNY 1.00 39 0.11

31,000 China Fortune Land Development Co Ltd Com CNY 1.00 118 0.33

81,452 China Merchants Shekou Industrial Zone Holdings Co Ltd Com CNY 1.00 228 0.63

118,800 China Vanke Co Ltd Com CNY 1.00 465 1.29

30,400 Chongqing Dima Industry Co Ltd Com CNY 1.00 31 0.09

23,100 COFCO Property Group Co Ltd Com CNY 1.00 31 0.09

38,100 Financial Street Holdings Co Ltd Com CNY 1.00 66 0.18


$'000



Real estate investment & services (cont)

27,200 Future Land Holdings Co Ltd Com CNY 1.00 46 0.13

57,200 Gemdale Corp Com CNY 1.00 122 0.34

55,100 Jinke Properties Group Co Ltd Com CNY 1.00 43 0.12

41,600 Oceanwide Holdings Co Ltd Com CNY 1.00 63 0.17

143,700 Poly Real Estate Group Co Ltd Com CNY 1.00 206 0.57

51,624 RiseSun Real Estate Development Co Ltd Com CNY 1.00 66 0.18

18,800 Shanghai AJ Group Co Ltd Com CNY 1.00 34 0.09

11,130 Shanghai Jinqiao Export Processing Zone Development Co Ltd Com CNY 1.00 32 0.09

19,720 Shanghai Lujiazui Finance & Trade Zone Development Co Ltd Com CNY 1.00* 68 0.19

27,000 Shanghai SMI Holding Co Ltd Com CNY 1.00 73 0.20

19,800 Shanghai Zhangjiang High-Tech Park Development Co Ltd Com CNY 1.00 53 0.15

26,040 Shenzhen World Union Properties Consultancy Inc Com CNY 1.00 30 0.08

36,700 Suning Universal Co Ltd Com CNY 1.00 51 0.14

38,500 Sunshine City Group Co Ltd Com CNY 1.00 35 0.10

106,400 Xinhu Zhongbao Co Ltd Com CNY 1.00 73 0.20

69,900 Zhonghong Holding Co Ltd Com CNY 1.00 29 0.08

54,500 Zhongtian Urban Development Group Co Ltd Com CNY 1.00* 55 0.15


367,800 China State Construction Engineering Corp Ltd Com CNY 1.00 589 1.63

Retail

7,800 Beijing Kingee Culture Development Co Ltd Com CNY 1.00* 22 0.06

11,900 Global Top E-Commerce Co Ltd Com CNY 1.00* 35 0.10

10,900 Nanjing Xinjiekou Department Store Co Ltd Com CNY 1.00* 52 0.14

20,300 Shanghai Bailian Group Co Ltd Com CNY 1.00 38 0.11

24,000 Shanghai Pharmaceuticals Holding Co Ltd Com CNY 1.00 71 0.20

18,700 Shanghai Yuyuan Tourist Mart Co Ltd Com CNY 1.00 30 0.08

113,400 Suning Commerce Group Co Ltd Com CNY 1.00 192 0.53

Semiconductors

26,900 GCL System Integration Technology Co Ltd Com CNY 1.00 24 0.07

48,160 Sanan Optoelectronics Co Ltd Com CNY 1.00 88 0.24

23,100 Xi'an LONGi Silicon Materials Corp Com CNY 1.00 46 0.13

Software

11,700 Beijing Shiji Information Technology Co Ltd Com CNY 1.00 44 0.12

6,700 China National Software & Service Co Ltd Com CNY 1.00 30 0.08

15,550 Glodon Co Ltd Com CNY 1.00 35 0.10

13,300 Hangzhou Liaison Interactive Information Technology Co Ltd Com CNY 1.00 34 0.10

iSHARES IV PLC






$'000




Software (cont)

7,600 Hundsun Technologies Inc Com CNY 1.00 63 0.18

16,000 Iflytek Co Ltd Com CNY 1.00 69 0.19

28,000 Jiangsu Protruly Vision Technology Group Co Ltd Com CNY 1.00 62 0.17

5,000 Kingnet Network Co Ltd Com CNY 1.00 28 0.08

12,650 NavInfo Co Ltd Com CNY 1.00 40 0.11

15,600 Neusoft Corp Com CNY 1.00 44 0.12

23,200 Shanghai 2345 Network Holding Group Co Ltd Com CNY 1.00 41 0.11

10,700 Shenzhen Kingdom Sci-Tech Co Ltd Com CNY 1.00 47 0.13

4,200 Sinodata Co Ltd Com CNY 1.00 30 0.08

16,600 Yonyou Network Technology Co Ltd Com CNY 1.00 60 0.17

7,000 Youzu Interactive Co Ltd Com CNY 1.00 29 0.08

35,650 Zhejiang Dahua Technology Co Ltd Com CNY 1.00 74 0.21

Storage & warehousing

24,200 CMST Development Co Ltd Com CNY 1.00 31 0.09

Telecommunications

9,900 Addsino Co Ltd Com CNY 1.00 22 0.06

35,100 Beijing Xinwei Technology Group Co Ltd Com CNY 1.00 89 0.25

14,700 China Spacesat Co Ltd Com CNY 1.00 70 0.20

255,300 China United Network Communications Ltd Com CNY 1.00 248 0.69

11,400 Datang Telecom Technology Co Ltd Com CNY 1.00 30 0.08

18,400 Dr Peng Telecom & Media Group Co Ltd Com CNY 1.00 64 0.18

13,000 Fiberhome Telecommunication Technologies Co Ltd Com CNY 1.00 51 0.14

19,100 Guangzhou Haige Communications Group Inc Co Com CNY 1.00 33 0.09

10,900 Guoxuan High-Tech Co Ltd Com CNY 1.00 52 0.14

28,650 Jiangsu Zhongtian Technology Co Ltd Com CNY 1.00 48 0.13

10,400 Shenzhen Aisidi Co Ltd Com CNY 1.00 25 0.07

39,440 ZTE Corp Com CNY 1.00 96 0.27

Toys, games & hobbies

15,800 Alpha Group Com CNY 1.00 62 0.17

Transportation

11,100 CCS Supply Chain Management Co Ltd Com CNY 1.00 24 0.07

96,200 China COSCO Holdings Co Ltd Com CNY 1.00 83 0.23

24,600 China High-Speed Railway Technology Co Ltd Com CNY 1.00 36 0.10

66,600 China Merchants Energy Shipping Co Ltd Com CNY 1.00 54 0.15

27,100 COSCO Shipping Co Ltd Com CNY 1.00 27 0.07

93,600 COSCO Shipping Development Co Ltd Com CNY 1.00 60 0.17


$'000



Transportation (cont)

34,900 COSCO Shipping Energy Transportation Co Ltd Com CNY 1.00 38 0.11

179,900 Daqin Railway Co Ltd Com CNY 1.00 192 0.53

69,200 Guangshen Railway Co Ltd Com CNY 1.00 45 0.12

101,200 Ningbo Zhoushan Port Co Ltd Com CNY 1.00 77 0.21

11,790 Shenzhen Feima International Supply Chain Co Ltd Com CNY 1.00 30 0.08

27,400 Shenzhen Yan Tian Port Holding Co Ltd Com CNY 1.00 31 0.09

11,600 Sinotrans Air Transportation Development Co Ltd Com CNY 1.00 31 0.09

Water

31,900 Chengdu Xingrong Environment Co Ltd Com CNY 1.00 29 0.08

11,200 Guangdong Golden Dragon Development Inc Com CNY 1.00 41 0.11

Total People's Republic of China 35,908 99.61


Rights (31 May 2016: 0.01%)



Cash† 146 0.41





† Substantially all cash positions are held with State Street Bank and Trust Company. * These securities were valued in consultation with the Investment Manager. These securities were suspended at period end.

Equities are primarily classified by country of incorporation of the entity in which the Fund holds shares.


Fair value $'000





iSHARES IV PLC







Sales Purchases

216,700 Bank of China Ltd Com CNY 1.00 110 85,900 China Merchants Bank Co Ltd Com CNY 1.00 238

19,600 China Life Insurance Co Ltd Com CNY 1.00 65 5,200 Kweichow Moutai Co Ltd Com CNY 1.00 238

35,200 Great Wall Motor Co Ltd Com CNY 1.00 46 95,400 Shanghai Pudong Development Bank Co Ltd Com CNY 1.00 235

42,300 China CITIC Bank Corp Ltd Com CNY 1.00 40 44,200 Ping An Insurance Group Co of China Ltd Com CNY 1.00 228

22,100 Xiamen C & D Inc Com CNY 1.00 39 79,400 Industrial Bank Co Ltd Com CNY 1.00 191

16,400 China Shenhua Energy Co Ltd Com CNY 1.00 35 48,500 China Vanke Co Ltd Com CNY 1.00 170

18,100 China Oilfield Services Ltd Com CNY 1.00 34 120,100 China Minsheng Banking Corp Ltd Com CNY 1.00 167

47,400 China Coal Energy Co Ltd Com CNY 1.00 34 328,200 Agricultural Bank of China Ltd Com CNY 1.00 157

800 Kweichow Moutai Co Ltd Com CNY 1.00 34 225,500 Industrial & Commercial Bank of China Ltd Com CNY 1.00 151

12,100 China Merchants Bank Co Ltd Com CNY 1.00 33 96,700 CRRC Corp Ltd Com CNY 1.00 138

6,300 Ping An Insurance Group Co of China Ltd Com CNY 1.00 32 159,100 Bank of Communications Co Ltd Com CNY 1.00 138

12,500 Industrial Bank Co Ltd Com CNY 1.00 30 66,500 China Yangtze Power Co Ltd Com CNY 1.00 136

11,500 Shanghai Pudong Development Bank Co Ltd Com CNY 1.00 29 181,400 China Petroleum & Chemical Corp Com CNY 1.00 134

8,700 Shanxi Xinghuacun Fen Wine Factory Co Ltd Com CNY 1.00 27 128,000 China State Construction Engineering Corp Ltd Com

17,900 CEFC Anhui International Holding Co Ltd Com CNY 1.00 27 CNY 1.00 126

10,800 Beijing Zhong Ke San Huan High-Tech Co Ltd Com CNY 1.00 27 27,300 Midea Group Co Ltd Com CNY 1.00 112

19,300 China Minsheng Banking Corp Ltd Com CNY 1.00 26 26,000 China Pacific Insurance Group Co Ltd Com CNY 1.00 105

18,400 Future Land Holdings Co Ltd Com CNY 1.00 26 29,900 SAIC Motor Corp Ltd Com CNY 1.00 105

53,200 Agricultural Bank of China Ltd Com CNY 1.00 25 99,200 Shenwan Hongyuan Group Co Ltd Com CNY 1.00 103

27,000 Power Construction Corp of China Ltd Com CNY 1.00 25 199,200 Bank of China Ltd Com CNY 1.00 103

8,200 Shenghe Resources Holding Co Ltd Com CNY 1.00 24 40,300 CITIC Securities Co Ltd Com CNY 1.00 102

36,700 Industrial & Commercial Bank of China Ltd Com CNY 1.00 24

3,800 Kingnet Network Co Ltd Com CNY 1.00 23





iSHARES IV PLC

iShares MSCI EM SRI UCITS ETF




Period from 11July

2016 to 30 November

2016 $’000

Operating income 66


Total losses (1,841)


Net operating loss (1,857)

Finance costs:


Total finance costs (1)

Net loss for the financial period before tax (1,858)


Net loss for the financial period after tax (1,865)


Decrease in net assets attributable to redeemable participating shareholders from operations (1,845)





Period from 11 July 2016 to

30 November 2016 $’000



Share transactions:





iSHARES IV PLC






CURRENT ASSETS

Cash 22

Receivables 31



CURRENT LIABILITIES

Bank overdrafts (4)

Payables (9)






iSHARES IV PLC






$'000



Equities

Bermuda

Home furnishings

47,000 Haier Electronics Group Co Ltd Com HKD 0.10 78 0.26


Brazil

Banks

28,800 Banco Bradesco SA Com NPV 247 0.81

96,871 Banco Bradesco SA Pref NPV 852 2.81


10,800 Duratex SA Com NPV 22 0.07

Commercial services

5,400 Localiza Rent a Car SA Com NPV 55 0.18


6,000 Natura Cosmeticos SA Com NPV 46 0.15


60,000 BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros Com NPV 295 0.97

Electricity

26,400 Cia Energetica de Minas Gerais Pref BRL 5.00 62 0.21

3,600 Cia Paranaense de Energia Pref NPV 31 0.10

7,200 CPFL Energia SA Com NPV 52 0.17

10,800 EDP - Energias do Brasil SA Com NPV 45 0.15

6,000 Engie Brasil Energia SA Com NPV 63 0.21


19,200 Klabin SA Unit NPV 96 0.32


19,800 WEG SA Com NPV 91 0.30

Oil & gas

4,200 Cosan SA Industria e Comercio Com NPV 49 0.16

Retail

22,200 Lojas Renner SA Com NPV 148 0.49

Total Brazil 2,154 7.10

Cayman Islands

Apparel retailers

20,000 Shenzhou International Group Holdings Ltd Com HKD 0.10 123 0.41

Auto manufacturers

180,000 Geely Automobile Holdings Ltd Com HKD 0.02 186 0.61


36,000 Chailease Holding Co Ltd Com TWD 10.00 61 0.20


Chile

Chemicals

3,355 Sociedad Quimica y Minera de Chile SA Pref NPV 95 0.31


$'000


Chile (cont)


15,845 Empresas COPEC SA Com NPV 155 0.51

Retail

21,756 SACI Falabella Com NPV 172 0.57

Water

91,088 Aguas Andinas SA Com NPV 57 0.19

Total Chile 479 1.58

Colombia


16,043 Cementos Argos SA Com COP 6.00 57 0.19

Total Colombia 57 0.19

Czech Republic

Banks

2,647 Komercni Banka AS Com CZK 100.00 88 0.29

Total Czech Republic 88 0.29

Hong Kong


36,000 China Everbright Ltd Com NPV 73 0.24


Hungary

Oil & gas

1,278 MOL Hungarian Oil & Gas Plc Com HUF 1000.00 80 0.26

Total Hungary 80 0.26

India

Auto manufacturers

9,705 Mahindra & Mahindra Financial Services Ltd Com INR 2.00 42 0.14

12,982 Mahindra & Mahindra Ltd Com INR 5.00 225 0.74

55,072 Tata Motors Ltd Com INR 2.00 369 1.22

Chemicals

10,023 Asian Paints Ltd Com INR 1.00 141 0.47

Computer services

64,003 Infosys Ltd Com INR 5.00 910 3.00

16,469 Tata Consultancy Services Ltd Com INR 1.00 546 1.80

21,516 Wipro Ltd Com INR 2.00 146 0.48


52,263 Housing Development Finance Corp Ltd Com INR 2.00 966 3.19

Food

810 Nestle India Ltd Com INR 10.00 74 0.24

Oil & gas

8,138 Bharat Petroleum Corp Ltd Com INR 10.00 77 0.25

Pharmaceuticals

2,773 Divi's Laboratories Ltd Com INR 2.00 47 0.16

iSHARES IV PLC






$'000


Equities (cont)

India (cont)


4,099 Dr Reddy's Laboratories Ltd Com INR 5.00 192 0.63

2,701 Piramal Enterprises Ltd Com INR 2.00 67 0.22

Software

19,644 HCL Technologies Ltd Com INR 2.00 231 0.76

Telecommunications

34,810 Bharti Airtel Ltd Com INR 5.00 165 0.54

Total India 4,198 13.84

Indonesia

Banks

117,000 Bank Danamon Indonesia Tbk PT Com IDR 50000.00 28 0.09

325,300 Bank Mandiri Persero Tbk PT Com IDR 500.00 252 0.83

259,900 Bank Negara Indonesia Persero Tbk PT Com IDR 7500.00 99 0.33

Coal

501,700 Adaro Energy Tbk PT Com IDR 100.00 57 0.19

Food

81,600 Indofood CBP Sukses Makmur Tbk PT Com IDR 50.00 52 0.17


58,800 United Tractors Tbk PT Com IDR 250.00 91 0.30

Media

247,300 Global Mediacom Tbk PT Com IDR 100.00 11 0.04

173,500 Media Nusantara Citra Tbk PT Com IDR 100.00 22 0.07

Pharmaceuticals

734,600 Kalbe Farma Tbk PT Com IDR 10.00 81 0.27

Retail

705,200 Astra International Tbk PT Com IDR 50.00 393 1.29

Telecommunications

130,200 XL Axiata Tbk PT Com IDR 100.00 22 0.07

Total Indonesia 1,108 3.65

Isle of Man


8,775 New Europe Property Investments Plc Com EUR 0.01 100 0.33

Total Isle of Man 100 0.33

Malaysia

Agriculture

19,800 HAP Seng Consolidated Bhd Com MYR 1.00 35 0.12

Auto manufacturers

16,200 UMW Holdings Bhd Com MYR 0.50 19 0.06

Banks

106,224 CIMB Group Holdings Bhd Com MYR 1.00 108 0.36

119,400 Malayan Banking Bhd Com MYR 1.00 208 0.68

94,800 Public Bank Bhd Com MYR 1.00 415 1.37


$'000


Malaysia (cont)

Media

54,600 Astro Malaysia Holdings Bhd Com MYR 0.10 32 0.11

Oil & gas

7,200 Petronas Dagangan Bhd Com MYR 1.00 37 0.12

Telecommunications

92,400 Axiata Group Bhd Com MYR 1.00 86 0.28

121,800 DiGi.Com Bhd Com MYR 0.01 133 0.44

65,400 Maxis Bhd Com MYR 0.10 87 0.29

39,600 Telekom Malaysia Bhd Com MYR 0.70 55 0.18

Total Malaysia 1,215 4.01

Mexico

Banks

34,200 Gentera SAB de CV Com NPV 54 0.18

63,600 Grupo Financiero Santander Mexico SAB de CV Com MXN 3.780783 90 0.29

Beverages

15,440 Arca Continental SAB de CV Com NPV 82 0.27

17,400 Coca-Cola Femsa SAB de CV Com NPV 110 0.36

64,200 Fomento Economico Mexicano SAB de CV Unit NPV 505 1.67


7,200 Grupo Aeroportuario del Sureste SAB de CV Com NPV 105 0.35


98,400 Alfa SAB de CV Com NPV 130 0.43

Household products

53,400 Kimberly-Clark de Mexico SAB de CV Com NPV 94 0.31

Mining

4,860 Industrias Penoles SAB de CV Com NPV 104 0.34



Auto manufacturers

72,000 Guangzhou Automobile Group Co Ltd Com CNY 1.00 94 0.31

Banks

207,000 China Minsheng Banking Corp Ltd Com CNY 1.00 234 0.77

90,000 Chongqing Rural Commercial Bank Co Ltd Com CNY 1.00 56 0.19

Electricity

144,000 Huaneng Renewables Corp Ltd Com CNY 1.00 47 0.15


108,000 China Longyuan Power Group Corp Ltd Com CNY 1.00 84 0.28


144,000 CRRC Corp Ltd Com CNY 1.00 142 0.47


Philippines

Banks

24,610 Bank of the Philippine Islands Com PHP 10.00 45 0.15

iSHARES IV PLC






$'000


Equities (cont)

Philippines (cont)

Banks (cont)

57,140 BDO Unibank Inc Com PHP 10.00 128 0.42

Electricity

326,500 Energy Development Corp Com PHP 1.00 33 0.11


288,700 SM Prime Holdings Inc Com PHP 1.00 154 0.51

Total Philippines 360 1.19

Poland

Banks

1,140 Bank Handlowy w Warszawie SA Com PLN 4.00 18 0.06

21,126 Bank Millennium SA Com PLN 1.00 27 0.09

Media

6,680 Cyfrowy Polsat SA Com PLN 0.04 38 0.13

Oil & gas

3,217 Grupa Lotos SA Com PLN 1.00 28 0.09

11,519 Polski Koncern Naftowy ORLEN SA Com PLN 1.25 210 0.69

Total Poland 321 1.06

Qatar

Transportation

1,578 Qatar Gas Transport Co Ltd Com QAR 10.00 10 0.03

Total Qatar 10 0.03


Airlines

1,272 Korean Air Lines Co Ltd Com KRW 5000.00 34 0.11


2,587 Hankook Tire Co Ltd Com KRW 500.00 120 0.40

Banks

10,599 Woori Bank Com KRW 5000.00 109 0.36

Chemicals

1,620 LG Chem Ltd Com KRW 5000.00 314 1.04

264 LG Chem Ltd Pref KRW 5000.00 37 0.12

Computers

1,596 SK Holdings Co Ltd Com KRW 200.00 316 1.04


1,122 Amorepacific Corp Com KRW 500.00 314 1.04

312 Amorepacific Corp Pref KRW 500.00 52 0.17

972 Amorepacific Group Com KRW 500.00 107 0.35


3,307 LG Corp Com KRW 5000.00 160 0.53


9,081 BNK Financial Group Inc Com KRW 5000.00 70 0.23

5,888 DGB Financial Group Inc Com KRW 5000.00 48 0.16

13,806 KB Financial Group Inc Com KRW 5000.00 497 1.64

1,212 Samsung Card Co Ltd Com KRW 5000.00 43 0.14


$'000


Republic of South Korea (cont)


15,035 Shinhan Financial Group Co Ltd Com KRW 5000.00 567 1.87


3,703 LG Electronics Inc Com KRW 5000.00 142 0.47

498 LG Innotek Co Ltd Com KRW 5000.00 35 0.11

Electronics

8,102 LG Display Co Ltd Com KRW 5000.00 194 0.64

1,951 Samsung Electro-Mechanics Co Ltd Com KRW 5000.00 77 0.25

Food

276 CJ CheilJedang Corp Com KRW 5000.00 90 0.30

Home furnishings

1,879 Coway Co Ltd Com KRW 500.00 136 0.45

Insurance

2,179 Hyundai Marine & Fire Insurance Co Ltd Com KRW 500.00 68 0.22

1,158 Samsung Fire & Marine Insurance Co Ltd Com KRW 500.00 290 0.96


1,668 Doosan Heavy Industries & Construction Co Ltd Com KRW 5000.00 37 0.12

Oil & gas

1,777 GS Holdings Corp Com KRW 5000.00 83 0.27

1,572 S-Oil Corp Com KRW 2500.00 113 0.37

2,299 SK Innovation Co Ltd Com KRW 5000.00 300 0.99

Personal products

324 LG Household & Health Care Ltd Com KRW 5000.00 218 0.72

Telecommunications

1,915 Samsung SDI Co Ltd Com KRW 5000.00 151 0.50


Russian Federation

Oil & gas

3,235 Novatek OJSC GDR NPV 382 1.26

Total Russian Federation 382 1.26

South Africa

Apparel retailers

7,328 Foschini Group Ltd Com ZAR 0.0125 77 0.25

8,396 Mr Price Group Ltd Com ZAR 0.00025 87 0.29

Banks

14,764 Barclays Africa Group Ltd Com ZAR 2.00 166 0.55

117,238 FirstRand Ltd Com ZAR 0.01 422 1.39

6,890 Nedbank Group Ltd Com ZAR 1.00 113 0.37

45,097 Standard Bank Group Ltd Com ZAR 0.10 485 1.60

Broadline retailers

3,781 Massmart Holdings Ltd Com ZAR 0.01 31 0.10

35,032 Woolworths Holdings Ltd Com NPV 162 0.54

iSHARES IV PLC






$'000


Equities (cont)

South Africa (cont)

Coal

4,993 Exxaro Resources Ltd Com ZAR 0.01 34 0.11


8,625 Investec Ltd Com ZAR 0.0002 55 0.18

24,589 RMB Holdings Ltd Com ZAR 0.01 110 0.36

Diversified industrials

5,822 Imperial Holdings Ltd Com ZAR 0.04 70 0.23

Food

4,469 Pioneer Foods Group Ltd Com ZAR 0.10 50 0.16

6,446 Spar Group Ltd Com NPV 87 0.29

5,684 Tiger Brands Ltd Com ZAR 0.10 160 0.53


4,123 Mondi Ltd Com NPV 83 0.28


33,088 Netcare Ltd Com ZAR 0.01 73 0.24

Healthcare products

12,925 Aspen Pharmacare Holdings Ltd Com ZAR 0.1390607 267 0.88

Insurance

49,052 Sanlam Ltd Com ZAR 0.01 216 0.71

Investment services

18,442 Remgro Ltd Com NPV 275 0.91


73,086 Growthpoint Properties Ltd Reits NPV 130 0.43

Telecommunications

57,851 MTN Group Ltd Com ZAR 0.0001 467 1.54

12,958 Vodacom Group Ltd Com ZAR 0.01 133 0.44

Total South Africa 3,753 12.38

Taiwan

Airlines

90,000 China Airlines Ltd Com TWD 10.00 27 0.09

71,550 Eva Airways Corp Com TWD 10.00 35 0.11

Apparel retailers

114,000 Far Eastern New Century Corp Com TWD 10.00 84 0.28

Auto manufacturers

30,000 Yulon Motor Co Ltd Com TWD 10.00 26 0.09

Banks

132,050 Taiwan Business Bank Com TWD 10.00 34 0.11

Computer hardware

102,000 Acer Inc Com TWD 10.00 43 0.14

Food

15,220 Standard Foods Corp Com TWD 10.00 36 0.12

168,000 Uni-President Enterprises Corp Com TWD 10.00 287 0.95

Insurance

288,000 Shin Kong Financial Holding Co Ltd Com TWD 10.00 74 0.24

Iron & steel

414,000 China Steel Corp Com TWD 10.00 325 1.07


$'000


Taiwan (cont)

Retail

9,000 Hotai Motor Co Ltd Com TWD 10.00 104 0.34

20,000 President Chain Store Corp Com TWD 10.00 150 0.50

Semiconductors

222,000 Advanced Semiconductor Engineering Inc Com TWD 10.00 238 0.78

860,000 Taiwan Semiconductor Manufacturing Co Ltd Com TWD 10.00 4,938 16.29

Telecommunications

72,000 Asia Pacific Telecom Co Ltd Com TWD 10.00 23 0.08

132,000 Chunghwa Telecom Co Ltd Com TWD 10.00 443 1.46

54,000 Far EasTone Telecommunications Co Ltd Com TWD 10.00 125 0.41

60,000 Taiwan Mobile Co Ltd Com TWD 10.00 202 0.67

Total Taiwan 7,194 23.73

Thailand

Banks

40,800 Kasikornbank PCL Com THB 10.00 194 0.64

19,800 Kasikornbank PCL Receipt THB 10.00 94 0.31

121,800 Krung Thai Bank PCL Receipt THB 5.15 60 0.20

55,800 Siam Commercial Bank PCL Receipt THB 10.00 228 0.75

Chemicals

348,700 IRPC PCL Receipt THB 1.00 47 0.16

Coal

54,000 Banpu PCL Receipt THB 1.00 28 0.09


135,000 Bangkok Dusit Medical Services PCL Receipt THB 0.10 88 0.29


10,800 Siam Cement PCL Com THB 1.00 144 0.48

3,600 Siam Cement PCL Receipt THB 1.00 48 0.16

Oil & gas

28,200 Thai Oil PCL Receipt THB 10.00 58 0.19


46,800 Central Pattana PCL Receipt THB 0.50 74 0.24

Retail

137,400 Home Product Center PCL Receipt THB 1.00 40 0.13

75,000 Minor International PCL Receipt THB 1.00 78 0.26

Transportation

203,500 BTS Group Holdings PCL Receipt THB 4.00 50 0.16

Total Thailand 1,231 4.06

Turkey

Beverages

2,659 Coca-Cola Icecek AS Com TRY 1.00 26 0.09

Home furnishings

8,240 Arcelik AS Com TRY 1.00 48 0.16

Specialty finance

22,086 KOC Holding AS Com TRY 1.00 80 0.26

Total Turkey 154 0.51

iSHARES IV PLC






$'000


Equities (cont)

United Arab Emirates

Banks

68,216 Abu Dhabi Commercial Bank Com AED 1.00 115 0.38

Commercial services

5,780 DP World Ltd Com USD 2.00 89 0.29

Total United Arab Emirates 204 0.67



Cash† 18 0.06









Fair value $'000





iSHARES IV PLC






$‘000 Holding Investments Cost

$‘000

Sales Purchases

10,000 Energa SA Com PLN 10.92 19 862,000 Taiwan Semiconductor Manufacturing Co Ltd Com

2,000 Taiwan Semiconductor Manufacturing Co Ltd Com TWD 10.00 12 TWD 10.00 5,121

1,000 Hotai Motor Co Ltd Com TWD 10.00 11 52,263 Housing Development Finance Corp Ltd Com INR 2.00 1,042

929 Banco Bradesco SA Pref NPV 10 64,003 Infosys Ltd Com INR 5.00 998

97,800 Banco Bradesco SA Pref NPV 964

64,200 Fomento Economico Mexicano SAB de CV Unit NPV 611

16,469 Tata Consultancy Services Ltd Com INR 1.00 594

15,035 Shinhan Financial Group Co Ltd Com KRW 5000.00 562

13,806 KB Financial Group Inc Com KRW 5000.00 501

57,851 MTN Group Ltd Com ZAR 0.0001 494

132,000 Chunghwa Telecom Co Ltd Com TWD 10.00 473

94,800 Public Bank Bhd Com MYR 1.00 453

45,097 Standard Bank Group Ltd Com ZAR 0.10 452

705,200 Astra International Tbk PT Com IDR 50.00 436

55,072 Tata Motors Ltd Com INR 2.00 431

117,238 FirstRand Ltd Com ZAR 0.01 392

1,122 Amorepacific Corp Com KRW 500.00 363

60,000

BM&FBovespa SA - Bolsa de Valores Mercadorias e

Futuros Com NPV 352

3,235 Novatek OJSC GDR NPV 350

1,620 LG Chem Ltd Com KRW 5000.00 348

168,000 Uni-President Enterprises Corp Com TWD 10.00 327





iSHARES IV PLC

iShares MSCI EMU Large Cap UCITS ETF





2016 €’000


2015 €’000


Net gains/(losses) on financial assets/liabilities at fair value through profit or loss 313 (3,614)




Finance costs:






Adjustment to align to the valuation methodology as set out in the prospectus 1 (32)







2016 €’000


2015 €’000



Share transactions:



Decrease in net assets resulting from share transactions (23,602) (10)



iSHARES IV PLC






31 May 2016 €’000

CURRENT ASSETS

Cash 292 2,898





CURRENT LIABILITIES

Payables (2,950) (762)






iSHARES IV PLC






€'000



Equities (31 May 2016: 98.07%)

Austria (31 May 2016: 0.25%)

Banks

17,298 Erste Group Bank AG Com NPV 452 0.28


Belgium (31 May 2016: 4.56%)

Banks

14,399 KBC Group NV Com NPV 814 0.51

Beverages

43,624 Anheuser-Busch InBev SA/NV Com NPV 4,276 2.69


4,691 Groupe Bruxelles Lambert SA Com NPV 363 0.23

Pharmaceuticals

7,315 UCB SA Com NPV 444 0.28

Telecommunications



Finland (31 May 2016: 2.48%)

Electricity


Insurance

25,721 Sampo Oyj Com NPV 1,073 0.67



Telecommunications

334,108 Nokia Oyj Com NPV 1,355 0.85


France (31 May 2016: 30.86%)

Advertising

11,041 Publicis Groupe SA Com EUR 0.40 676 0.42

Aerospace & defence

17,896 Safran SA Com EUR 0.20 1,159 0.73

6,090 Thales SA Com EUR 3.00 561 0.35

Apparel retailers

3,157 Christian Dior SE Com EUR 2.00 579 0.36

1,518 Hermes International Com NPV 591 0.37

15,990 LVMH Moet Hennessy Louis Vuitton SE Com EUR 0.30 2,745 1.73

Auto manufacturers




Banks


60,904 Credit Agricole SA Com EUR 3.00 648 0.41


€'000


France (31 May 2016: 30.86%) (cont)

Banks (cont)

54,482 Natixis SA Com EUR 11.20 259 0.16


Beverages

12,217 Pernod Ricard SA Com EUR 1.55 1,208 0.76



Chemicals

22,260 Air Liquide SA Com EUR 5.50 2,138 1.35


14,424 L'Oreal SA Com EUR 0.20 2,323 1.46


32,275 Schneider Electric SE Com EUR 4.00 2,026 1.27

Electricity


83,443 Engie SA Com EUR 1.00 972 0.61


11,745 Bouygues SA Com EUR 1.00 375 0.24

28,970 Vinci SA Com EUR 2.50 1,774 1.11

Food


33,791 Danone SA Com EUR 0.25 2,006 1.26

Healthcare products

11,872 Essilor International SA Com EUR 0.18 1,187 0.75


50,829 Bollore SA Com EUR 0.16 157 0.10

Insurance

110,999 AXA SA Com EUR 2.29 2,465 1.55


Media

5,071 SFR Group SA Com EUR 1.00 121 0.08

59,639 Vivendi SA Com EUR 5.50 1,073 0.67

Oil & gas

126,770 Total SA Com EUR 2.50 5,699 3.59

Pharmaceuticals

66,417 Sanofi Com EUR 2.00 5,055 3.18


12,876 Klepierre Reits EUR 1.40 453 0.29


Retail

4,391 Kering Com EUR 4.00 900 0.57

Software


Telecommunications

114,869 Orange SA Com EUR 4.00 1,579 0.99


Germany (31 May 2016: 30.69%)

Auto manufacturers


iSHARES IV PLC






€'000



Germany (31 May 2016: 30.69%) (cont)

Auto manufacturers (cont)



8,721 Porsche Automobil Holding SE Pref NPV 417 0.26




6,329 Continental AG Com NPV 1,060 0.67

Banks




Chemicals

52,586 BASF SE Com NPV 4,269 2.69


10,686 Linde AG Com NPV 1,681 1.06


5,887 Beiersdorf AG Com NPV 452 0.28


11,192 Deutsche Boerse AG Com NPV 852 0.54

Electricity

115,703 E.ON SE Com NPV 720 0.45


8,096 Innogy SE Com EUR 2.00 268 0.17

Food


Footwear



12,354 Fresenius Medical Care AG & Co KGaA Com NPV 911 0.57

23,463 Fresenius SE & Co KGaA Com NPV 1,590 1.00

Insurance



Iron & steel

21,422 ThyssenKrupp AG Com NPV 458 0.29


2,089 MAN SE Com NPV 195 0.12





10,207 Henkel AG & Co KGaA Pref NPV 1,113 0.70

Pharmaceuticals

47,346 Bayer AG Com NPV 4,180 2.63



€'000


Germany (31 May 2016: 30.69%) (cont)

Semiconductors

65,156 Infineon Technologies AG Com NPV 1,027 0.65

Software

56,268 SAP SE Com NPV 4,429 2.79

Telecommunications

187,465 Deutsche Telekom AG Com NPV 2,781 1.75

Transportation

55,551 Deutsche Post AG Com NPV 1,633 1.03


Ireland (31 May 2016: 0.92%)

Airlines



47,842 CRH Plc Com EUR 0.32 1,503 0.95


Italy (31 May 2016: 6.29%)

Banks

725,940 Intesa Sanpaolo SpA Com EUR 0.52 1,522 0.96


302,127 UniCredit SpA Com NPV 610 0.39

Commercial services

23,927 Atlantia SpA Com EUR 1.00 500 0.31

Electricity

435,860 Enel SpA Com EUR 1.00 1,661 1.05

Gas distribution

140,019 Snam SpA Com NPV 510 0.32

Insurance


Oil & gas

145,651 Eni SpA Com NPV 1,914 1.20

Retail

9,673 Luxottica Group SpA Com EUR 0.06 475 0.30

Telecommunications

574,903 Telecom Italia SpA Com NPV 410 0.26

355,942 Telecom Italia SpA Misc NPV 209 0.13



Iron & steel


Media



27,670 Tenaris SA Com USD 1.00 417 0.26


iSHARES IV PLC






€'000




Aerospace & defence

33,181 Airbus Group SE Com EUR 1.00 2,000 1.26

Banks

16,225 ABN Amro Group NV CVS EUR 1.00 330 0.21


Beverages

5,915 Heineken Holding NV Com EUR 1.60 392 0.25

13,256 Heineken NV Com EUR 1.60 937 0.59

Chemicals

14,247 Akzo Nobel NV Com EUR 2.00 836 0.52

Commercial services

57,652 Relx NV Com EUR 0.07 878 0.55


93,282 Unilever NV CVS EUR 0.16 3,529 2.22

Electronics

54,271 Koninklijke Philips NV Com EUR 0.20 1,472 0.93

Food


Insurance

105,447 Aegon NV Com EUR 0.12 506 0.32

Media

21,503 Altice NV Com EUR 0.01 349 0.22

6,345 Altice NV Com EUR 0.25 104 0.06

Semiconductors

21,088 ASML Holding NV Com EUR 0.09 2,057 1.30

17,235 NXP Semiconductors NV Com EUR 0.20 1,610 1.01


Portugal (31 May 2016: 0.26%)

Electricity

133,241 EDP - Energias de Portugal SA Com EUR 1.00 363 0.23


Spain (31 May 2016: 10.44%)

Airlines

47,210 International Consolidated Airlines Group SA Com EUR 0.50 241 0.15

Banks

376,674 Banco Bilbao Vizcaya Argentaria SA Com EUR 0.49 2,194 1.38

835,975 Banco Santander SA Com EUR 0.50 3,604 2.27

271,723 Bankia SA Com EUR 0.80 228 0.14


Commercial services

36,712 Abertis Infraestructuras SA Com EUR 3.00 463 0.29

Electricity

18,432 Endesa SA Com EUR 1.20 359 0.23



€'000


Spain (31 May 2016: 10.44%) (cont)


3,884 Aena SA Com EUR 10.00 486 0.30

28,139 Ferrovial SA Com EUR 0.20 470 0.30

Gas

20,295 Gas N atural SDG SA Com EUR 1.00 328 0.21

Oil & gas

63,245 Repsol SA Com EUR 1.00 797 0.50

Retail

62,465 Industria de Diseno Textil SA Com EUR 0.03 2,016 1.27

Software

25,130 Amadeus IT Group SA Com EUR 0.01 1,074 0.68

Telecommunications

266,684 Telefonica SA Com EUR 1.00 2,094 1.32


United Kingdom (31 May 2016: Nil)

Beverages

12,214 Coca-Cola European Partners Plc Com EUR 0.01 382 0.24



Rights (31 May 2016: 0.02%)

Spain (31 May 2016: 0.02%)

189,705 CaixaBank SA – Rights 6 December 2016 7 0.01

263,870 Telefonica SA – Rights 1 December 2016 83 0.05

Total Spain 90 0.06

Total rights 90 0.06

No. of contracts

Underlying exposure

€'000 Fair value

€'000







Fair value

€'000



Cash† 336 0.21


iSHARES IV PLC





Fair value

€'000





† Cash holdings of €292,476 are held with State Street Bank and Trust Company. €43,920 is held as security for futures contracts to Barclays Bank Plc.








Fair value €'000



Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) 83 0.05




iSHARES IV PLC







Sales Purchases

27,227 Total SA Com EUR 2.50 1,178 65,156 Infineon Technologies AG Com NPV 1,031

9,544 Siemens AG Com NPV 964 11,171 NXP Semiconductors NV Com EUR 0.20 944

13,227 Sanofi Com EUR 2.00 946 105,832 ArcelorMittal Com NPV 756

8,709 Bayer AG Com NPV 794 32,542 Koninklijke Ahold Delhaize NV Com EUR 0.01 717

10,351 SAP SE Com NPV 789 6,090 Thales SA Com EUR 3.00 563

9,673 BASF SE Com NPV 721 14,297 Coca-Cola European Partners Plc Com EUR 0.01 506

17,206 Unilever NV CVS EUR 0.16 689 3,884 Aena SA Com EUR 10.00 486

4,813 Allianz SE Com NPV 657 8,556 Innogy SE Com EUR 2.00 323

10,119 Daimler AG Com NPV 621 15,402 ABN Amro Group NV CVS EUR 1.00 287

152,634 Banco Santander SA Com EUR 0.50 615 4,579 Total SA Com EUR 2.50 191

5,302 Anheuser-Busch InBev SA/NV (voting) Com NPV 603 2,370 Vinci SA Com EUR 2.50 157

5,617 Anheuser-Busch InBev SA/NV Com NPV 572 1,547 ASML Holding NV Com EUR 0.09 137

11,040 BNP Paribas SA Com EUR 2.00 523 1,773 Sanofi Com EUR 2.00 125

32,952 Deutsche Telekom AG Com NPV 489 14,923 Telefonica SA Com EUR 1.00 118

3,075 LVMH Moet Hennessy Louis Vuitton SE Com EUR 0.30 478 1,173 Siemens AG Com NPV 112

72,384 Commerzbank AG Com NPV 471 1,231 Bayer AG Com NPV 108

2,807 L'Oreal SA Com EUR 0.20 469 2,692 Cie de Saint-Gobain Com EUR 4.00 104

21,365 AXA SA Com EUR 2.29 421 2,947 Societe Generale SA Com EUR 1.25 102

3,148 Adidas AG Com NPV 415 7,358 Abertis Infraestructuras SA Com EUR 3.00 99

46,423 Telefonica SA Com EUR 1.00 407 6,806 Deutsche Telekom AG Com NPV 99

6,240 Danone SA Com EUR 0.25 399 886 Anheuser-Busch InBev SA/NV (voting) Com NPV 98

66,056 Iberdrola SA Com EUR 0.75 390

69,024 Banco Bilbao Vizcaya Argentaria SA Com EUR 0.49 389

4,099 Air Liquide SA Com EUR 5.50 388

6,799 Airbus Group SE Com EUR 1.00 369

5,551 Vinci SA Com EUR 2.50 360

26,527 Eni SpA Com NPV 358

11,370 Industria de Diseno Textil SA Com EUR 0.03 356

3,823 ASML Holding NV Com EUR 0.09 355

2,074 Muenchener Rueckversicherungs-Gesellschaft AG Com NPV 339

19,042 Vivendi SA Com EUR 5.50 338

27,796 ING Groep NV Com EUR 0.01 329

5,502 Schneider Electric SE Com EUR 4.00 323

2,156 Linde AG Com NPV 312

78,356 Enel SpA Com EUR 1.00 305

64,730 Nokia Oyj Com NPV 300





iSHARES IV PLC

iShares MSCI EMU Mid Cap UCITS ETF





2016 €’000


2015 €’000


Net losses on financial assets/liabilities at fair value through profit or loss (596) (2,583)



Net operating profit/(loss) 180 (1,478)

Finance costs:



Net profit/(loss) for the financial period before tax 176 (1,482)


Net profit/(loss) for the financial period after tax 132 (1,574)


Increase/(decrease) in net assets attributable to redeemable participating shareholders from operations 70 (1,260)






2016 €’000


2015 €’000


Increase/(decrease) in net assets attributable to redeemable participating shareholders from operations 70 (1,260)

Share transactions:



Decrease in net assets resulting from share transactions (51,016) (26,681)



iSHARES IV PLC






31 May 2016 €’000

CURRENT ASSETS

Cash 224 3,245





CURRENT LIABILITIES

Payables (9,628) (26,338)






iSHARES IV PLC






€'000



Equities (31 May 2016: 96.08%)

Austria (31 May 2016: 1.88%)

Banks



29,764 OMV AG Com NPV 905 0.75

Iron & steel





98,516 Immoeast AG Com NPV*/** - 0.00

81,500 Immofinanz AG Com NPV*/** - 0.00


Belgium (31 May 2016: 5.37%)

Chemicals

14,978 Solvay SA Com EUR 15.00 1,613 1.34

17,879 Umicore SA Com NPV 1,011 0.84

Food


Insurance

39,392 Ageas Com NPV 1,386 1.15

Media

10,660 Telenet Group Holding NV Com NPV 531 0.44


Finland (31 May 2016: 5.84%)


23,348 Nokian Renkaat Oyj Com NPV 795 0.66


111,337 Stora Enso Oyj Com NPV 1,016 0.84





29,897 Wartsila Oyj Abp Com NPV 1,194 0.99

Oil & gas


Pharmaceuticals

20,671 Orion Oyj Com EUR 0.65 827 0.69

Telecommunications



France (31 May 2016: 28.25%)

Advertising



€'000


France (31 May 2016: 28.25%) (cont)

Aerospace & defence



Auto manufacturers

97,828 Peugeot SA Com EUR 1.00 1,361 1.13


47,934 Valeo SA Com EUR 1.00 2,520 2.09

Beverages

4,348 Remy Cointreau SA Com EUR 1.60 344 0.28


7,237 Imerys SA Com EUR 2.00 476 0.39

Chemicals

13,727 Arkema SA Com EUR 10.00 1,241 1.03

Commercial services


42,517 Edenred Com EUR 2.00 843 0.70

Computers

17,996 Atos SE Com EUR 1.00 1,755 1.46


11,185 Ingenico Group SA Com EUR 1.00 822 0.68


61,090 Rexel SA Com EUR 5.00 890 0.74


7,489 Eurazeo SA Com NPV 384 0.32


53,854 Legrand SA Com EUR 4.00 2,840 2.36


6,000 Aeroports de Paris Com EUR 3.00 555 0.46

11,893 Eiffage SA Com EUR 4.00 741 0.62

Food

11,171 Casino Guichard Perrachon SA Com EUR 1.53 480 0.40

18,612 Sodexo SA Com EUR 4.00 1,916 1.59

Home furnishings

4,563 SEB SA Com EUR 1.00 578 0.48

Hotels

34,523 Accor SA Com EUR 3.00 1,154 0.96

Insurance

32,444 SCOR SE Com EUR 7.876972 972 0.81

Internet

5,305 Iliad SA Com NPV 952 0.79


31,000 Alstom SA Com EUR 7.00 792 0.66

Media




Oil & gas services

22,252 Technip SA Com EUR 0.7625 1,454 1.21


6,907 Fonciere Des Regions Reits EUR 3.00 511 0.43


iSHARES IV PLC






€'000



France (31 May 2016: 28.25%) (cont)


8,310 Gecina SA Reits EUR 7.50 1,024 0.85

Specialty finance

5,709 Wendel SA Com EUR 4.00 624 0.52

Telecommunications


Transportation


Water

66,014 Suez Com EUR 4.00 869 0.72

96,778 Veolia Environnement SA Com EUR 5.00 1,578 1.31


Germany (31 May 2016: 18.81%)

Airlines




Banks

215,136 Commerzbank AG Com NPV 1,413 1.17

Chemicals

31,159 Brenntag AG Com NPV 1,544 1.28



38,682 K&S AG Com NPV 739 0.61

18,497 Lanxess AG Com NPV 1,077 0.90

24,752 Symrise AG Com NPV 1,408 1.17



Electricity

98,904 RWE AG Com NPV 1,175 0.98


8,406 Fraport AG Frankfurt Airport Services Worldwide Com NPV 459 0.38

3,975 Hochtief AG Com NPV 532 0.44

Insurance

12,186 Hannover Rueck SE Com NPV 1,221 1.01

Internet



36,958 GEA Group AG Com NPV 1,297 1.08

Media


46,801 ProSiebenSat.1 Media SE Com NPV 1,507 1.25


67,976 Deutsche Wohnen AG Com NPV 1,975 1.64

94,074 Vonovia SE Com NPV 2,849 2.37


€'000


Germany (31 May 2016: 18.81%) (cont)

Retail



Telecommunications



Ireland (31 May 2016: 4.69%)

Banks

5,559,524 Bank of Ireland Com EUR 0.05 1,123 0.93

Entertainment

16,091 Paddy Power Betfair Plc Com EUR 0.09 1,600 1.33

Food

32,010 Kerry Group Plc Com EUR 0.125 2,132 1.77


Italy (31 May 2016: 5.02%)

Aerospace & defence


Banks




Electricity

304,664 Terna Rete Elettrica Nazionale SpA Com EUR 0.22 1,242 1.03


21,918 Exor SpA Com NPV 867 0.72

Insurance



Oil & gas services

1,144,270 Saipem SpA Com NPV 484 0.40




2,215 Eurofins Scientific SE Com EUR 0.10 914 0.76

Telecommunications

73,465 SES SA Receipt NPV 1,498 1.24



Auto manufacturers

24,818 Ferrari NV Com EUR 0.01 1,282 1.07


Chemicals

36,666 Koninklijke DSM NV Com EUR 1.50 2,098 1.74

Commercial services

24,042 Randstad Holding NV Com EUR 0.10 1,151 0.96

iSHARES IV PLC






€'000




Computers






Healthcare products

44,927 Qiagen NV Com EUR 0.01 1,167 0.97

Insurance



206,366 CNH Industrial NV Com EUR 0.01 1,659 1.38

Media

61,013 Wolters Kluwer NV Com EUR 0.12 2,074 1.72

Pipelines


Semiconductors


Telecommunications

690,415 Koninklijke KPN NV Com EUR 0.04 1,871 1.55


Portugal (31 May 2016: 1.49%)

Banks

757,134 Banco Espirito Santo SA Com NPV*/** - 0.00

Food


Oil & gas

92,602 Galp Energia SGPS SA Com EUR 1.00 1,182 0.98

Total Portugal 1,938 1.61

Spain (31 May 2016: 8.87%)

Banks

1,068,694 Banco de Sabadell SA Com EUR 0.125 1,256 1.04



Electricity

86,207 Red Electrica Corp SA Com EUR 0.50 1,447 1.20


38,156 ACS Actividades de Construccion y Servicios SA Com EUR 0.50 1,060 0.88

Food


Gas

45,279 Enagas SA Com EUR 1.50 1,052 0.88

Insurance

217,832 Mapfre SA Com EUR 0.10 617 0.51


€'000


Spain (31 May 2016: 8.87%) (cont)



Pharmaceuticals

60,285 Grifols SA Com EUR 0.25 1,115 0.93



Rights (31 May 2016: 0.07%)

Spain (31 May 2016: 0.07%)

No. of contracts

Underlying exposure

€'000 Fair value

€'000



Futures Contracts (31 May 2016: 0.02%)




Fair value €'000



Cash† 251 0.21





† Cash holdings of €223,756 are held with State Street Bank and Trust Company. €27,027 is held as security for futures contracts with Barclays Bank Plc.. * Investments which are less than €500 are rounded to zero. ** These securities were valued in consultation with the Investment Manager. These securities were priced at zero at the period end.



iSHARES IV PLC










Fair value €'000



Transferable securities dealt in on another regulated market* - 0.00

Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c)* - 0.00





iSHARES IV PLC







Sales Purchases

316,962 Infineon Technologies AG Com NPV 4,814 215,136 Commerzbank AG Com NPV 1,402

515,463 ArcelorMittal Com NPV 3,309 140,100 Poste Italiane SpA Com NPV 955

29,561 Thales SA Com EUR 3.00 2,588 2,215 Eurofins Scientific SE Com EUR 0.10 920

18,918 Aena SA Com EUR 10.00 2,353 25,576 AerCap Holdings NV Com EUR 0.01 899

99,251 Koninklijke Ahold Delhaize NV Com EUR 0.01 2,183 20,971 Covestro AG Com NPV 822

41,496 Vonovia SE Com NPV 1,356 11,546 Eiffage SA Com EUR 4.00 768

23,947 Legrand SA Com EUR 4.00 1,159 44,385 Schaeffler AG Pref NPV 637

14,575 Capgemini SA Com EUR 8.00 1,156 5,240 Hochtief AG Com NPV 600

14,225 Kerry Group Plc Com EUR 0.125 1,112 4,563 SEB SA Com EUR 1.00 581

27,141 Wolters Kluwer NV Com EUR 0.12 987 426 Dassault Aviation SA Com EUR 8.00 440

303,918 Koninklijke KPN NV Com EUR 0.04 942 17,965 SES SA Receipt NPV 361

21,235 Valeo SA Com EUR 1.00 924 109,647 Koninklijke KPN NV Com EUR 0.04 338

29,989 Deutsche Wohnen AG Com NPV 923 9,993 Vonovia SE Com NPV 326

16,308 Koninklijke DSM NV Com EUR 1.50 898 5,866 Legrand SA Com EUR 4.00 307

47,414 UPM-Kymmene Oyj Com NPV 840 2,298 Gecina SA Reits EUR 7.50 296

8,378 Sodexo SA Com EUR 4.00 826 16,157 Veolia Environnement SA Com EUR 5.00 282

40,549 Veolia Environnement SA Com EUR 5.00 777 3,424 Capgemini SA Com EUR 8.00 276

30,307 NN Group NV Com EUR 0.12 762 7,394 ProSiebenSat.1 Media SE Com NPV 263

19,557 ProSiebenSat.1 Media SE Com NPV 751 3,576 Kerry Group Plc Com EUR 0.125 259

7,063 Paddy Power Betfair Plc Com EUR 0.09 710 18,673 Peugeot SA Com EUR 1.00 257

16,266 GEA Group AG Com NPV 697 35,170 CNH Industrial NV Com EUR 0.01 245

7,175 Delhaize Group NPV 690 6,796 Wolters Kluwer NV Com EUR 0.12 245

10,936 Symrise AG Com NPV 673 4,921 Valeo SA Com EUR 1.00 242

4,085 Koninklijke DSM NV Com EUR 1.50 240

11,932 UPM-Kymmene Oyj Com NPV 239

7,308 Deutsche Wohnen AG Com NPV 229

3,934 Technip SA Com EUR 0.7625 221





iSHARES IV PLC

iShares MSCI France UCITS ETF





2016 €’000


2015 €’000



Total gains 393 44



Net profit for the financial period before tax 377 33


Net profit for the financial period after tax 376 32








2016 €’000


2015 €’000



Share transactions:





iSHARES IV PLC






31 May 2016 €’000

CURRENT ASSETS

Cash 39 264

Margin cash account - 22

Receivables 124 28



CURRENT LIABILITIES

Payables (134) (70)






iSHARES IV PLC






€'000



Equities (31 May 2016: 97.66%)

France (31 May 2016: 92.93%)

Advertising

930 JCDecaux SA Com NPV 23 0.16

2,369 Publicis Groupe SA Com EUR 0.40 145 1.05

Aerospace & defence


3,886 Safran SA Com EUR 0.20 252 1.82

1,315 Thales SA Com EUR 3.00 121 0.87


Apparel retailers

677 Christian Dior SE Com EUR 2.00 124 0.90


3,469 LVMH Moet Hennessy Louis Vuitton SE Com EUR 0.30 595 4.30

Auto manufacturers




2,264 Cie Generale des Etablissements Michelin Com EUR 2.00 228 1.65

2,986 Valeo SA Com EUR 1.00 157 1.13

Banks

13,162 BNP Paribas SA Com EUR 2.00 721 5.21

13,960 Credit Agricole SA Com EUR 3.00 148 1.07

11,388 Natixis SA Com EUR 11.20 54 0.39

9,532 Societe Generale SA Com EUR 1.25 387 2.80

Beverages

2,638 Pernod Ricard SA Com EUR 1.55 261 1.89



6,198 Cie de Saint-Gobain Com EUR 4.00 253 1.83

465 Imerys SA Com EUR 2.00 31 0.22

Chemicals

4,830 Air Liquide SA Com EUR 5.50 464 3.35

844 Arkema SA Com EUR 10.00 76 0.55

Commercial services


2,586 Edenred Com EUR 2.00 51 0.37

Computers

1,106 Atos SE Com EUR 1.00 108 0.78




3,755 Rexel SA Com EUR 5.00 55 0.40


506 Eurazeo SA Com NPV 26 0.19


3,344 Legrand SA Com EUR 4.00 176 1.27


€'000


France (31 May 2016: 92.93%) (cont)

Electrical components & equipment (cont)

6,997 Schneider Electric SE Com EUR 4.00 440 3.18

Electricity


18,152 Engie SA Com EUR 1.00 212 1.53



2,575 Bouygues SA Com EUR 1.00 82 0.59


6,289 Vinci SA Com EUR 2.50 385 2.78

Food


691 Casino Guichard Perrachon SA Com EUR 1.53 30 0.22

7,333 Danone SA Com EUR 0.25 435 3.14

1,146 Sodexo SA Com EUR 4.00 118 0.85

Healthcare products

2,575 Essilor International SA Com EUR 0.18 258 1.86


10,928 Bollore SA Com EUR 0.16 34 0.25

Home furnishings

280 SEB SA Com EUR 1.00 35 0.25

Hotels

2,122 Accor SA Com EUR 3.00 71 0.51

Insurance

24,093 AXA SA Com EUR 2.29 535 3.87


2,064 SCOR SE Com EUR 7.876972 62 0.45

Internet



1,890 Alstom SA Com EUR 7.00 48 0.35

Media


1,095 SFR Group SA Com EUR 1.00 26 0.19

13,124 Vivendi SA Com EUR 5.50 236 1.71



Oil & gas

27,529 Total SA Com EUR 2.50 1,238 8.95

Oil & gas services


Personal products

3,129 L'Oreal SA Com EUR 0.20 504 3.64

Pharmaceuticals

14,412 Sanofi Com EUR 2.00 1,097 7.93


421 Fonciere Des Regions Reits EUR 3.00 31 0.22


469 ICADE Reits NPV 30 0.22

iSHARES IV PLC






€'000



France (31 May 2016: 92.93%) (cont)


2,757 Klepierre Reits EUR 1.40 97 0.70

1,234 Unibail-Rodamco SE Reits EUR 5.00 257 1.86

Retail

941 Kering Com EUR 4.00 193 1.40

Software


Specialty finance

351 Wendel SA Com EUR 4.00 38 0.28

Telecommunications


24,837 Orange SA Com EUR 4.00 342 2.47

Transportation


Water

4,117 Suez Com EUR 4.00 54 0.39






Iron & steel


Telecommunications




Aerospace & defence


Semiconductors







Cash† 39 0.28




€'000








Fair value €'000





iSHARES IV PLC







Sales Purchases

767 Total SA Com EUR 2.50 33 6,358 Total SA Com EUR 2.50 272

1,426 Vivendi SA Com EUR 5.50 26 3,105 Sanofi Com EUR 2.00 238

367 Accor SA Com EUR 3.00 14 2,896 BNP Paribas SA Com EUR 2.00 127

167 Sanofi Com EUR 2.00 12 706 L'Oreal SA Com EUR 0.20 124

181 Airbus Group SE Com EUR 1.00 10 732 LVMH Moet Hennessy Louis Vuitton SE Com EUR 0.30 113

94 Air Liquide SA Com EUR 5.50 9 1,581 Vinci SA Com EUR 2.50 107

47 L'Oreal SA Com EUR 0.20 8 1,602 Danone SA Com EUR 0.25 106

113 BNP Paribas SA Com EUR 2.00 6 978 Air Liquide SA Com EUR 5.50 93

256 SFR Group SA Com EUR 1.00 6 5,063 AXA SA Com EUR 2.29 93

243 AXA SA Com EUR 2.29 5 1,591 Schneider Electric SE Com EUR 4.00 92

52 Cie Generale des Etablissements Michelin Com EUR 2.00 5 1,494 Airbus Group SE Com EUR 1.00 81

46 Sodexo SA Com EUR 4.00 5 2,469 Societe Generale SA Com EUR 1.25 78

52 Danone SA Com EUR 0.25 3 5,342 Orange SA Com EUR 4.00 74

18 LVMH Moet Hennessy Louis Vuitton SE Com EUR 0.30 3 548 Essilor International SA Com EUR 0.18 67

188 Rexel SA Com EUR 5.00 3 273 Unibail-Rodamco SE Reits EUR 5.00 66

66 Societe Generale SA Com EUR 1.25 3 4,128 Engie SA Com EUR 1.00 61

33 Remy Cointreau SA Com EUR 1.60 3 578 Pernod Ricard SA Com EUR 1.55 59

42 Vinci SA Com EUR 2.50 3 3,270 Vivendi SA Com EUR 5.50 58

24 Pernod Ricard SA Com EUR 1.55 2 1,492 Cie de Saint-Gobain Com EUR 4.00 57

12 Christian Dior SE Com EUR 2.00 2 136 Eurofins Scientific SE Com EUR 0.10 56

20 Wendel SA Com EUR 4.00 2 850 Safran SA Com EUR 0.20 54

32 Safran SA Com EUR 0.20 2 479 Cie Generale des Etablissements Michelin Com EUR 2.00 44

289 ArcelorMittal Com NPV 2 533 Renault SA Com EUR 3.81 43

5 Hermes International Com NPV 2 1,591 Carrefour SA Com EUR 2.50 38

94 SES SA Receipt NPV 2 722 Legrand SA Com EUR 4.00 36

280 SEB SA Com EUR 1.00 36

426 Capgemini SA Com EUR 8.00 35

220 Kering Com EUR 4.00 35

496 Publicis Groupe SA Com EUR 0.40 33

467 Eiffage SA Com EUR 4.00 31





iSHARES IV PLC

iShares MSCI Japan SRI EUR Hedged UCITS ETF (Acc)





2016 €’000

Operating income 279

Net gains on financial assets/liabilities at fair value through profit or loss 1,422

Total gains 1,701



Finance costs:


Total finance costs (1)











2016 €’000

Net assets attributable to holders of redeemable participating shares at the beginning of the period 19,220


Share transactions:


Payments on redemption of redeemable participating shares (10,956)


Net assets attributable to holders of redeemable participating shares at the end of the period 39,841


iSHARES IV PLC






31 May 2016 €’000

CURRENT ASSETS

Cash 618 72

Receivables 123 2,256



CURRENT LIABILITIES

Bank overdraft - (17)

Margin cash account (14) -

Payables (9) (2,258)







iSHARES IV PLC






€'000



Equities (31 May 2016: 98.92%)

Japan (31 May 2016: 98.92%)

Apparel retailers

8,699 Asics Corp Com NPV 173 0.44

Auto manufacturers

91,555 Honda Motor Co Ltd Com NPV 2,523 6.33

138,068 Nissan Motor Co Ltd Com NPV 1,206 3.03


27,470 Denso Corp Com NPV 1,131 2.84

14,531 NGK Insulators Ltd Com NPV 263 0.66


Banks

122,502 Resona Holdings Inc Com NPV 557 1.40

18,549 Sumitomo Mitsui Trust Holdings Inc Com NPV 637 1.60

Beverages

7,789 Suntory Beverage & Food Ltd Com NPV 315 0.79


12,997 Daikin Industries Ltd Com NPV 1,150 2.89

Chemicals

70,000 Asahi Kasei Corp Com NPV 589 1.48




9,099 Nitto Denko Corp Com NPV 594 1.49

87,851 Sumitomo Chemical Co Ltd Com NPV 379 0.95


81,001 Toray Industries Inc Com NPV 623 1.56

Commercial services

3,700 Benesse Holdings Inc Com NPV 93 0.23


Computers

101,030 Fujitsu Ltd Com NPV 564 1.42

6,899 Nomura Research Institute Ltd Com NPV 221 0.55


6,151 AEON Financial Service Co Ltd Com NPV 97 0.24

Electronics

17,899 Kyocera Corp Com NPV 804 2.02

10,804 Murata Manufacturing Co Ltd Com NPV 1,377 3.46

10,840 Omron Corp Com NPV 379 0.95




35,501 Obayashi Corp Com NPV 320 0.80

30,035 Shimizu Corp Com NPV 261 0.66


€'000


Japan (31 May 2016: 98.92%) (cont)

Food

30,735 Ajinomoto Co Inc Com NPV 563 1.41


Gas


116,000 Tokyo Gas Co Ltd Com NPV 478 1.20

Healthcare products


Home builders



33,467 Sekisui House Ltd Com NPV 517 1.30

Home furnishings

123,270 Panasonic Corp Com NPV 1,186 2.98

70,953 Sony Corp Com NPV 1,928 4.84

Insurance

19,599 Sompo Holdings Inc Com NPV 604 1.52

Iron & steel




59,187 Kubota Corp Com NPV 845 2.12



51,596 Komatsu Ltd Com NPV 1,123 2.82

Mining

29,000 Sumitomo Metal Mining Co Ltd Com NPV 366 0.92


24,546 FUJIFILM Holdings Corp Com NPV 862 2.16


Oil & gas

53,243 Inpex Corp Com NPV 478 1.20

Pharmaceuticals


118,428 Astellas Pharma Inc Com NPV 1,546 3.88

14,076 Eisai Co Ltd Com NPV 769 1.93

14,551 Kyowa Hakko Kirin Co Ltd Com NPV 196 0.49



15,899 Hulic Co Ltd Com NPV 141 0.35

Retail

36,452 Aeon Co Ltd Com NPV 475 1.19

3,780 Lawson Inc Com NPV 248 0.62

Telecommunications

102,697 KDDI Corp Com NPV 2,540 6.38


iSHARES IV PLC






€'000



Japan (31 May 2016: 98.92%) (cont)

Transportation

18,712 East Japan Railway Co Com NPV 1,511 3.79

30,782 Keio Corp Com NPV 232 0.58


€'000


Japan (31 May 2016: 98.92%) (cont)

Transportation (cont)

59,016 Tokyu Corp Com NPV 417 1.05



Currency Amount

Purchased Currency Amount

SoldUnderlying

Exposure (€) Maturity

date

Unrealised gain/(loss)

€'000


Financial derivative instruments (31 May 2016: 0.68%) Forward currency contracts* (31 May 2016: 0.68%)

EUR 39,460,528 JPY 4,769,900,377 39,471,145 04/01/2017 (11) (0.03)

EUR 38,099,660 JPY 4,420,797,755 36,573,959 02/12/2016 1,526 3.83

Total unrealised gain on forward currency contracts 1,526 3.83 Total unrealised loss on forward currency contracts (11) (0.03) Net unrealised gain on forward currency contracts 1,515 3.80

No. of contracts

Underlying exposure

€'000 Fair value

€'000



4 Topix Index Futures December 2016 451 37 0.09


Total financial derivative instruments 1,552 3.89

Fair value

€'000



Cash† 604 1.52





† Cash holdings of €617,597 are held with State Street Bank and Trust Company. €(13,692) is due as security for futures contracts with Barclays Bank Plc.








Fair value €'000




Over-the-counter financial derivative instruments 1,526 3.83



iSHARES IV PLC






€'000 Holding Investments Cost €'000

Sales Purchases

40,199 KDDI Corp Com NPV 1,110 86,110 KDDI Corp Com NPV 2,215

34,205 Honda Motor Co Ltd Com NPV 832 76,590 Honda Motor Co Ltd Com NPV 1,966

30,232 NTT DoCoMo Inc Com NPV 721 58,712 Sony Corp Com NPV 1,619

25,459 Sony Corp Com NPV 704 65,237 NTT DoCoMo Inc Com NPV 1,467

43,076 Astellas Pharma Inc Com NPV 610 98,403 Astellas Pharma Inc Com NPV 1,359

6,929 East Japan Railway Co Com NPV 564 15,674 East Japan Railway Co Com NPV 1,275

50,291 Nissan Motor Co Ltd Com NPV 435 8,971 Murata Manufacturing Co Ltd Com NPV 1,039

3,866 Murata Manufacturing Co Ltd Com NPV 419 114,057 Nissan Motor Co Ltd Com NPV 1,001

44,232 Panasonic Corp Com NPV 381 10,600 Daikin Industries Ltd Com NPV 875

4,602 Daikin Industries Ltd Com NPV 362 101,500 Panasonic Corp Com NPV 869

9,843 Denso Corp Com NPV 330 22,814 Denso Corp Com NPV 850

18,304 Komatsu Ltd Com NPV 324 42,300 Komatsu Ltd Com NPV 807

8,853 FUJIFILM Holdings Corp Com NPV 303 20,300 FUJIFILM Holdings Corp Com NPV 698

11,347 Daiwa House Industry Co Ltd Com NPV 285 25,906 Daiwa House Industry Co Ltd Com NPV 665

6,500 Kyocera Corp Com NPV 283 14,800 Kyocera Corp Com NPV 657

5,123 Eisai Co Ltd Com NPV 272 48,390 Kubota Corp Com NPV 656

20,819 Kubota Corp Com NPV 267 11,700 Eisai Co Ltd Com NPV 654

30,000 Toray Industries Inc Com NPV 244 67,000 Toray Industries Inc Com NPV 530

10,964 Ajinomoto Co Inc Com NPV 233 25,100 Ajinomoto Co Inc Com NPV 501

3,133 Sysmex Corp Com NPV 200 83,600 Sumitomo Mitsui Trust Holdings Inc Com NPV 492

49,308 Sumitomo Mitsui Trust Holdings Inc Com NPV 196 7,500 Nitto Denko Corp Com NPV 469

3,300 Nitto Denko Corp Com NPV 192 16,100 Sompo Holdings Inc Com NPV 460

7,000 Sompo Holdings Inc Com NPV 183 7,260 Sysmex Corp Com NPV 443

11,833 Sekisui House Ltd Com NPV 181 58,000 Asahi Kasei Corp Com NPV 426

26,000 Asahi Kasei Corp Com NPV 174 27,300 Sekisui House Ltd Com NPV 411

12,748 Aeon Co Ltd Com NPV 168 100,000 Resona Holdings Inc Com NPV 403

40,000 Tokyo Gas Co Ltd Com NPV 155 29,700 Aeon Co Ltd Com NPV 384

21,000 Tokyu Corp Com NPV 154 95,000 Tokyo Gas Co Ltd Com NPV 368

43,500 Resona Holdings Inc Com NPV 153 81,000 Fujitsu Ltd Com NPV 368

36,000 Fujitsu Ltd Com NPV 136 48,000 Tokyu Corp Com NPV 348

18,457 Inpex Corp Com NPV 134 43,300 Inpex Corp Com NPV 345

37,000 Osaka Gas Co Ltd Com NPV 133 87,000 Osaka Gas Co Ltd Com NPV 309

26,000 Sumitomo Metal Mining Co Ltd Com NPV 302





iSHARES IV PLC

iShares MSCI USA SRI UCITS ETF




Period from 11July

2016 to 30 November

2016 $’000

Operating income 20


Total gains 91













Period from 11 July 2016 to

30 November 2016 $’000



Share transactions:





iSHARES IV PLC






CURRENT ASSETS

Cash 3

Receivables 4



CURRENT LIABILITIES

Payables (1)







iSHARES IV PLC






$'000



Equities

Bermuda

Agriculture

80 Bunge Ltd Com USD 0.01 5 0.19

Chemicals

124 Axalta Coating Systems Ltd Com USD 1.00 3 0.12

Commercial services

208 IHS Markit Ltd Com USD 0.01 8 0.30

Retail



Ireland


547 Johnson Controls International Plc Com USD 0.01 25 0.95

Computers

367 Accenture Plc Com USD 0.0000225 44 1.67


152 Ingersoll-Rand Plc Com USD 1.00 11 0.42


Netherlands

Oil & gas services



Switzerland

Electronics

209 TE Connectivity Ltd Com CHF 0.57 14 0.53

Insurance

272 Chubb Ltd Com CHF 24.15 35 1.33


United Kingdom

Media

364 Liberty Global Plc Com USD 0.01 11 0.42


United States

Airlines

92 Southwest Airlines Co Com USD 1.00 4 0.15

Apparel retailers

217 Hanesbrands Inc Com USD 0.01 5 0.19

780 Nike Inc Com USD 1.00 39 1.48

196 VF Corp Com NPV 11 0.42

Auto manufacturers

75 Tesla Motors Inc Com USD 0.001 14 0.54


$'000



Banks

632 Bank of New York Mellon Corp Com USD 0.01 30 1.14

102 Comerica Inc Com USD 5.00 7 0.27

84 M&T Bank Corp Com USD 0.50 12 0.46

126 Northern Trust Corp Com USD 1.667 10 0.38


232 State Street Corp Com USD 1.00 18 0.68

Biotechnology


778 Gilead Sciences Inc Com USD 0.001 57 2.17

145 Vertex Pharmaceuticals Inc Com USD 0.01 12 0.46


191 Masco Corp Com USD 1.00 6 0.23

Chemicals

120 Air Products & Chemicals Inc Com USD 1.00 17 0.65


194 Mosaic Co Com USD 0.01 6 0.23

166 Praxair Inc Com USD 0.01 20 0.76

46 Sherwin-Williams Co Com USD 1.00 12 0.46

Commercial services

154 Ecolab Inc Com USD 1.00 18 0.68

42 ManpowerGroup Inc Com USD 0.01 4 0.15


52 United Rentals Inc Com USD 0.01 5 0.20

Computers


1,018 HP Inc Com USD 0.01 16 0.61


96 Ball Corp Com NPV 7 0.27


1,495 Procter & Gamble Co Com NPV 123 4.68


178 LKQ Corp Com USD 0.01 6 0.23



471 American Express Co Com USD 0.20 34 1.29

71 BlackRock Inc Com USD 0.01* 26 0.99

692 Charles Schwab Corp Com USD 0.01 27 1.02

197 CME Group Inc Com USD 0.01 22 0.84

225 Franklin Resources Inc Com USD 0.10 9 0.34

144 T Rowe Price Group Inc Com USD 0.20 11 0.42



Electricity

177 Consolidated Edison Inc Com USD 0.10 12 0.46


Electronics

190 Agilent Technologies Inc Com USD 0.01 8 0.30

628 Corning Inc Com USD 0.50 15 0.57

iSHARES IV PLC






$'000


Equities (cont)


Electronics (cont)




74 SBA Communications Corp Com USD 0.01 7 0.27

Food

119 Campbell Soup Co Com USD 0.0375 7 0.26

240 Conagra Brands Inc Com USD 5.00 9 0.34

346 General Mills Inc Com USD 0.10 21 0.80

152 Kellogg Co Com USD 0.25 11 0.42

70 McCormick & Co Inc Com NPV 6 0.23

908 Mondelez International Inc Com NPV 37 1.41

184 Whole Foods Market Inc Com NPV 6 0.23

Gas


138 Sempra Energy Com NPV 14 0.53




153 Anthem Inc Com USD 0.01 22 0.83

98 Centene Corp Com USD 0.001 6 0.23

149 Cigna Corp Com USD 0.25 20 0.76

108 Envision Healthcare Holdings Inc Com USD 0.01 2 0.08

183 HCA Holdings Inc Com USD 0.01 13 0.49

54 Mednax Inc Com USD 0.01 4 0.15


85 Quintiles IMS Holdings Inc Com USD 0.01 7 0.27

Healthcare products

124 Becton Dickinson and Co Com USD 1.00 21 0.80





50 Patterson Cos Inc Com USD 0.01 2 0.07



Hotels

194 Marriott International Inc Com USD 0.01 15 0.57


210 Kimberly-Clark Corp Com USD 1.25 24 0.91

Insurance

307 Marsh & McLennan Cos Inc Com USD 1.00 21 0.80


170 Travelers Cos Inc Com NPV 19 0.72


38 AGCO Corp Com USD 0.01 2 0.08

96 Cummins Inc Com USD 2.50 14 0.53

156 Deere & Co Com USD 1.00 16 0.61

76 Flowserve Corp Com USD 1.25 4 0.15


$'000



Machinery – diversified (cont)




342 Caterpillar Inc Com USD 1.00 33 1.25

Media

125 Charter Communications Inc Com USD 0.001 35 1.33

46 Scripps Networks Interactive Inc Com USD 0.01 3 0.12

460 Time Warner Inc Com USD 0.01 42 1.60

901 Walt Disney Co Com USD 0.01 89 3.38


90 Dover Corp Com USD 1.00 7 0.27

79 Parker-Hannifin Corp Com USD 0.50 11 0.41


76 Clorox Co Com USD 1.00 9 0.34

Oil & gas

274 Devon Energy Corp Com USD 0.10 13 0.49

324 EOG Resources Inc Com USD 0.01 33 1.25

164 Hess Corp Com USD 1.00 9 0.35

487 Marathon Oil Corp Com USD 1.00 9 0.34

253 Noble Energy Inc Com USD 0.01 10 0.38

277 Phillips 66 Com USD 0.01 23 0.87

97 Pioneer Natural Resources Co Com USD 0.01 19 0.72

278 Southwestern Energy Co Com USD 0.01 3 0.12

Oil & gas services

244 Baker Hughes Inc Com USD 1.00 16 0.61


Pharmaceuticals

108 AmerisourceBergen Corp Com USD 0.01 8 0.31

190 Cardinal Health Inc Com NPV 13 0.49

276 Zoetis Inc Com USD 0.01 14 0.53

Pipelines


407 Spectra Energy Corp Com USD 0.001 16 0.61





249 American Tower Corp Reits USD 0.01 25 0.95

82 AvalonBay Communities Inc Reits USD 0.01 14 0.53

90 Boston Properties Inc Reits USD 0.01 11 0.43



214 Equity Residential Reits USD 0.01 13 0.49


143 Iron Mountain Inc Reits USD 0.01 5 0.19


306 Prologis Inc Reits USD 0.01 16 0.61

158 UDR Inc Reits USD 0.01 5 0.20

98 Vornado Realty Trust Reits USD 0.04 10 0.38

436 Weyerhaeuser Co Reits USD 1.25 13 0.49

iSHARES IV PLC






$'000


Equities (cont)


Retail

170 Best Buy Co Inc Com USD 0.10 8 0.30

140 Gap Inc Com USD 0.05 4 0.15

513 McDonald's Corp Com USD 0.01 61 2.32

76 Nordstrom Inc Com NPV 4 0.15

47 PVH Corp Com USD 1.00 5 0.19

72 Tiffany & Co Com USD 0.01 6 0.23


Savings & loans

180 People's United Financial Inc Com USD 0.01 3 0.11

Semiconductors

2,764 Intel Corp Com USD 0.001 96 3.65


Software


175 Cerner Corp Com USD 0.01 9 0.34



Telecommunications

2,944 Cisco Systems Inc Com USD 0.001 88 3.34

93 Motorola Solutions Inc Com USD 0.01 7 0.27

462 Sprint Corp Com USD 0.01 4 0.15

Toys

67 Hasbro Inc Com USD 0.50 6 0.23

198 Mattel Inc Com USD 1.00 6 0.23

Transportation


557 CSX Corp Com USD 1.00 20 0.76


62 Kansas City Southern Com USD 0.01 5 0.19

173 Norfolk Southern Corp Com USD 1.00 18 0.68

404 United Parcel Service Inc Com USD 0.01 47 1.79




Cash† 3 0.11



Fair value

$'000


Adjustment to align to the valuation methodology as set out in the prospectus** - 0.00


† Substantially all cash positions are held with State Street Bank and Trust Company. * Investments in related party. ** Amounts which are less than $500 are rounded to zero.




Fair value $'000


Transferable securities admitted to an official stock exchange listing 2,624 99.73 Other assets 7 0.27 Total current assets 2,631 100.00

iSHARES IV PLC






$‘000 Holding Investments Cost

$‘000

Sales Purchases

1,132 EMC Corp Com USD 0.01 33 4,451 Microsoft Corp Com USD 0.00000625 247

378 Johnson Controls Com USD 0.01388 17 1,602 Procter & Gamble Co Com NPV 138

107 Procter & Gamble Co Com NPV 9 2,800 Intel Corp Com USD 0.001 97

87 Microsoft Corp Com USD 0.00000625 5 2,990 Cisco Systems Inc Com USD 0.001 90

80 Lamb Weston Holdings Inc Com USD 1.00 3 918 Walt Disney Co Com USD 0.01 90

31 Gilead Sciences Inc Com USD 0.001 2 809 Gilead Sciences Inc Com USD 0.001 67

54 Adient Plc Com USD 0.001 2 533 McDonald's Corp Com USD 0.01 64

20 McDonald's Corp Com USD 0.01 2 801 Nike Inc Com USD 1.00 45

17 Walt Disney Co Com USD 0.01 2 409 United Parcel Service Inc Com USD 0.01 45

46 Cisco Systems Inc Com USD 0.001 1 372 Accenture Plc Com USD 0.0000225 42

60 Versum Materials Inc Com USD 1.00 1 928 Mondelez International Inc Com NPV 41

36 Intel Corp Com USD 0.001 1 595 Texas Instruments Inc Com USD 1.00 40

21 Nike Inc Com USD 1.00 1 130 Biogen Inc Com USD 0.0005 37

4 Charter Communications Inc Com USD 0.001 1 468 Time Warner Inc Com USD 0.01 37

31 Weyerhaeuser Co Reits USD 1.25 1 273 Chubb Ltd Com CHF 24.15 35

20 Mondelez International Inc Com NPV 1 129 Charter Communications Inc Com USD 0.001 32

2 Mettler-Toledo International Inc Com USD 0.01 1 1,132 EMC Corp Com USD 0.01 32

12 American Express Co Com USD 0.20 1 483 American Express Co Com USD 0.20 31

9 AmerisourceBergen Corp Com USD 0.01 1 251 American Tower Corp Reits USD 0.01 29

2 BlackRock Inc Com USD 0.01* 1 328 EOG Resources Inc Com USD 0.01 28

* Investment in related party. 213 Kimberly-Clark Corp Com USD 1.25 28

345 Caterpillar Inc Com USD 1.00 28





iSHARES IV PLC

iShares TA-25 Israel UCITS ETF





2016 $’000

Operating income 43


Total gains 4













2016 $’000

Net assets attributable to redeemable participating shareholders at the beginning of the period 7,667


Share transactions:


Decrease in net assets resulting from share transactions (2,524)



iSHARES IV PLC






31 May 2016 $’000

CURRENT ASSETS

Cash 7 22

Receivables 8 2,570



CURRENT LIABILITIES

Payables (2) (2,553)






iSHARES IV PLC






$'000



Equities (31 May 2016: 99.35%)

Ireland (31 May 2016: 7.46%)

Pharmaceuticals

5,704 Perrigo Co Plc Com EUR 0.001 492 9.61


Israel (31 May 2016: 79.29%)

Aerospace & defence

2,044 Elbit Systems Ltd Com ILS 1.00 207 4.04

Banks



4,883 First International Bank Of Israel Ltd Com ILS 0.05 67 1.31

90,818 Israel Discount Bank Ltd Com ILS 0.10 185 3.62


Chemicals

46,064 Israel Chemicals Ltd Com ILS 1.00 176 3.46

Food

3,740 Frutarom Industries Ltd Com ILS 1.00 201 3.93

3,870 Strauss Group Ltd Com ILS 1.00 60 1.17

Oil & gas

121,121 Avner Oil Exploration LP ILS 0.01 84 1.64

15,528 Delek Drilling - LP ILS 1.00 58 1.13

412 Delek Group Ltd Com ILS 1.00 88 1.70

372 Israel Corp Ltd Com ILS 1.00 57 1.12

817,588 Isramco Negev 2 LP ILS 0.01 146 2.85

649 Paz Oil Co Ltd Com ILS 5.00 108 2.11

Pharmaceuticals

10,206 Teva Pharmaceutical Industries Ltd Com ILS 0.10 379 7.38



9,471 Gazit-Globe Ltd Com ILS 1.00 86 1.68

1,539 Melisron Ltd Com ILS 1.00 66 1.29

Telecommunications

172,741 Bezeq The Israeli Telecommunication Corp Ltd Com ILS 1.00 319 6.23

5,030 Nice Ltd Com ILS 1.00 332 6.49

Total Israel 3,918 76.54


Pharmaceuticals

4,888 Mylan NV Com EUR 0.01 175 3.42



Electricity

3,139 Ormat Technologies Inc Com USD 0.001 151 2.95


$'000



Healthcare products

35,160 OPKO Health Inc Com USD 0.01 367 7.17

Total United States 518 10.12



Cash† 7 0.14





†Substantially all cash positions are held with State Street Bank and Trust Company.




Fair value $'000





iSHARES IV PLC







Sales Purchases

57,360 Bank Hapoalim BM Com ILS 1.00 295 2,442 Perrigo Co Plc Com EUR 0.001 242

79,941 Bank Leumi Le-Israel BM Com ILS 0.10 293 1,887 Teva Pharmaceutical Industries Ltd Com ILS 0.10 101

2,661 Perrigo Co Plc Com EUR 0.001 257 7,724 OPKO Health Inc Com USD 0.01 78

4,943 Teva Pharmaceutical Industries Ltd Com ILS 0.10 256 1,283 Azrieli Group Ltd Com ILS 0.10 53

115,757 Bezeq The Israeli Telecommunication Corp Ltd Com ILS 1.00 214 762 Mylan NV Com EUR 0.01 34

3,379 Nice Ltd Com ILS 1.00 210 122 Israel Corp Ltd Com ILS 1.00 21

16,605 OPKO Health Inc Com USD 0.01 152 8,095 Israel Discount Bank Ltd Com ILS 0.10 15

1,369 Elbit Systems Ltd Com ILS 1.00 126 8 Nice Ltd Com ILS 1.00 1

30,869 Israel Chemicals Ltd Com ILS 1.00 126 82 Bank Hapoalim BM Com ILS 1.00* -

2,506 Frutarom Industries Ltd Com ILS 1.00 117 110 Bank Leumi Le-Israel BM Com ILS 0.10* -

2,364 Mylan NV Com EUR 0.01 108 * Amounts which are less than $500 are rounded to zero.

54,979 Israel Discount Bank Ltd Com ILS 0.10 95

547,887 Isramco Negev 2 LP ILS 0.01 93

2,103 Ormat Technologies Inc Com USD 0.001 92

7,238 Mizrahi Tefahot Bank Ltd Com ILS 0.10 87

1,944 Azrieli Group Ltd Com ILS 0.10 82

435 Paz Oil Co Ltd Com ILS 5.00 70

6,363 Gazit-Globe Ltd Com ILS 1.00 57

271 Delek Group Ltd Com ILS 1.00 51

79,161 Avner Oil Exploration LP ILS 0.01 50

3,151 First International Bank Of Israel Ltd Com ILS 0.05 40

2,499 Strauss Group Ltd Com ILS 1.00 40

993 Melisron Ltd Com ILS 1.00 40

213 Israel Corp Ltd Com ILS 1.00 36

10,02 Delek Drilling - LP ILS 1.00 34





iSHARES IV PLC

iShares US Equity Buyback Achievers UCITS ETF





2016 $’000


2015 $’000


Net gains/(losses) on financial assets/liabilities at fair value through profit or loss 2,076 (574)




Finance Costs:

CFD interest paid* - -

Total finance costs - -












2016 $’000


2015 $’000



Share transactions:





iSHARES IV PLC






31 May 2016 $’000

CURRENT ASSETS

Cash 529 329

Receivables 26 20



CURRENT LIABILITIES

Payables (7) (6)






iSHARES IV PLC






$'000



Equities (31 May 2016: 97.14%)

Bermuda (31 May 2016: 3.84%)

Insurance


7,871 Assured Guaranty Ltd Com USD 0.01 281 1.65


2,141 Validus Holdings Ltd Com USD 0.175 116 0.68

110 White Mountains Insurance Group Ltd Com USD 1.00 92 0.54



Food

2,076 Fresh Del Monte Produce Inc Com USD 0.01 129 0.76



Aerospace & defence

783 Boeing Co Com USD 5.00 118 0.69

1,513 Esterline Technologies Corp Com USD 0.20 133 0.78


2,786 Moog Inc Com USD 1.00 195 1.15


Agriculture

2,961 Archer-Daniels-Midland Co Com NPV 128 0.75

Airlines

2,591 Delta Air Lines Inc Com USD 0.0001 125 0.73

Apparel retailers

1,914 Deckers Outdoor Corp Com USD 0.01 114 0.67

2,582 Genesco Inc Com USD 1.00 163 0.96



10,660 Dana Inc Com USD 0.01 180 1.06

1,867 Visteon Corp Com USD 0.01 147 0.86

Banks

7,174 Fulton Financial Corp Com USD 2.50 127 0.75

2,691 Hancock Holding Co Com USD 3.33 112 0.66


3,380 Washington Federal Inc Com USD 1.00 110 0.64

Biotechnology


Broadline retailers

2,609 Big Lots Inc Com USD 0.01 132 0.78

4,125 Macy's Inc Com USD 0.01 174 1.02


$'000




9,114 Cree Inc Com USD 0.00125 231 1.35

Chemicals

12,224 Chemtura Corp Com USD 0.01 403 2.37

3,573 Mosaic Co Com USD 0.01 101 0.59

1,369 Sensient Technologies Corp Com USD 0.10 107 0.63

Commercial services


10,520 H&R Block Inc Com NPV 233 1.37


17,096 Quanta Services Inc Com USD 0.00001 576 3.38

3,477 Service Corp International Com USD 1.00 94 0.55

Computers



3,602 Fossil Group Inc Com USD 0.01 121 0.71

1,463 Wesco International Inc Com USD 0.01 99 0.58



964 Ameriprise Financial Inc Com USD 0.01 110 0.65

2,844 Legg Mason Inc Com USD 0.10 91 0.53


1,913 Emerson Electric Co Com USD 0.50 108 0.63

Electricity

10,759 NRG Energy Inc Com USD 0.01 122 0.72

Electronics


1,676 Tech Data Corp Com USD 0.0015 142 0.83





2,750 Tetra Tech Inc Com USD 0.01 118 0.69

Food

2,099 Mondelez International Inc Com NPV 87 0.51



1,818 Lincoln Electric Holdings Inc Com NPV 143 0.84



Home builders

4,971 PulteGroup Inc Com USD 0.01 94 0.55

Hotels

2,978 Hyatt Hotels Corp Com USD 0.01 153 0.90

Insurance

1,265 Aflac Inc Com USD 0.10 90 0.53

iSHARES IV PLC






$'000




Insurance (cont)

1,903 Allstate Corp Com USD 0.01 133 0.78

3,345 American International Group Inc Com USD 2.50 212 1.24


10,398 CNO Financial Group Inc Com USD 0.01 186 1.09



2,889 Primerica Inc Com USD 0.01 204 1.20

1,220 Travelers Cos Inc Com NPV 138 0.81


Internet

28,169 Groupon Inc Com USD 0.0001 112 0.65

3,419 Shutterfly Inc Com USD 0.0001 173 1.02

Iron & steel

3,198 Carpenter Technology Corp Com USD 5.00 114 0.67

1,947 Reliance Steel & Aluminum Co Com NPV 158 0.93

Leisure time

3,391 Harley-Davidson Inc Com USD 0.01 207 1.21


2,426 AGCO Corp Com USD 0.01 135 0.79

1,603 Deere & Co Com USD 1.00 161 0.95

1,377 Graco Inc Com USD 1.00 112 0.66

1,411 Nordson Corp Com NPV 150 0.88


1,907 Oshkosh Corp Com USD 0.01 133 0.78

Media

2,824 CBS Corp Com USD 0.001 172 1.01

6,448 Houghton Mifflin Harcourt Co Com USD 0.01 71 0.42

1,680 Scripps Networks Interactive Inc Com USD 0.01 116 0.68

11,394 TiVo Corp Com USD 0.001 231 1.35

6,097 Twenty-First Century Fox Inc Com USD 0.01 171 1.00


3,118 Timken Co Com NPV 122 0.72

812 Valmont Industries Inc Com USD 1.00 121 0.71

2,191 Worthington Industries Inc Com NPV 123 0.72


6,550 Actuant Corp Com USD 0.20 170 1.00

1,468 Dover Corp Com USD 1.00 106 0.62

1,158 Parker-Hannifin Corp Com USD 0.50 161 0.95



Oil & gas



Oil & gas services



$'000



Pharmaceuticals

1,897 Express Scripts Holding Co Com USD 0.01 144 0.85

4,209 PharMerica Corp Com USD 0.01 101 0.59

Property & casualty insurance

2,294 ProAssurance Corp Com USD 0.01 129 0.76


8,611 Chimera Investment Corp Reits USD 0.01 146 0.85

4,493 Piedmont Office Realty Trust Inc Reits USD 0.01 88 0.52

Retail


1,899 CarMax Inc Com USD 0.50 110 0.64

12,686 Chico's FAS Inc Com USD 0.01 194 1.14

2,931 Dillard's Inc Com USD 0.01 210 1.23

3,924 Gap Inc Com USD 0.05 98 0.58

580 Panera Bread Co Com USD 0.0001 123 0.72

5,375 Urban Outfitters Inc Com USD 0.0001 170 1.00

39,703 Wendy's Co Com USD 0.10 499 2.93

Semiconductors

3,367 Applied Materials Inc Com USD 0.01 108 0.63

7,351 ON Semiconductor Corp Com USD 0.01 87 0.51


4,030 Teradyne Inc Com USD 0.125 98 0.58

Software

2,897 Aspen Technology Inc Com USD 0.10 153 0.90


1,694 MSCI Inc Com USD 0.01 133 0.78

Telecommunications


2,511 Netgear Inc Com USD 0.001 135 0.79

Transportation

1,476 Kirby Corp Com USD 0.10 94 0.55



No. of contracts

Underlying exposure

$’000 Fair value

$'000



Contracts for difference (31 May 2016: 0.06%)

2,361 Magellan Health Inc* 172 5 0.03

17,081 St. Joe Co* 355 7 0.04

Total unrealised gains on contracts for difference 12 0.07

Net unrealised gains on contracts for difference 12 0.07

Total financial derivative instruments 527 12 0.07

iSHARES IV PLC





Fair value

$'000



Cash† 529 3.10





† Substantially all cash positions are held with State Street Bank and Trust Company. * The Counterparty for CFDs is Morgan Stanley. ** Investments which are less than $500 are rounded to zero.








Fair value $'000



Over-the-counter financial derivative instruments 12 0.07



iSHARES IV PLC







Sales Purchases

4,612 Rackspace Hosting Inc Com USD 0.001 147 10,431 Wendy's Co Com USD 0.10 109

4,399 Talmer Bancorp Inc Com USD 1.00 88 3,281 Quanta Services Inc Com USD 0.00001 93

2,592 Quanta Services Inc Com USD 0.00001 72 1,247 Dillard's Inc Com USD 0.01 80

1,959 Chemtura Corp Com USD 0.01 63 2,433 Chemtura Corp Com USD 0.01 79

3,784 Dana Inc Com USD 0.01 59 3,400 H&R Block Inc Com NPV 79

12,771 Groupon Inc Com USD 0.0001 51 5,317 Dana Inc Com USD 0.01 77

947 Netgear Inc Com USD 0.001 48 2,886 Cree Inc Com USD 0.00125 71

558 Qualcomm Inc Com USD 0.0001 37 2,374 Voya Financial Inc Com USD 0.01 67

605 Fresh Del Monte Produce Inc Com USD 0.01 34 2,991 TiVo Corp Com USD 0.001 60

999 NetApp Inc Com USD 0.001 34 1,074 Genesco Inc Com USD 1.00 60

616 Primerica Inc Com USD 0.01 32 1,853 Urban Outfitters Inc Com USD 0.0001 59

551 Moog Inc Com USD 1.00 30 12,821 Groupon Inc Com USD 0.0001 57

818 Urban Outfitters Inc Com USD 0.0001 27 1,877 Fossil Group Inc Com USD 0.01 55

178 L-3 Communications Holdings Inc Com USD 0.01 27 3,534 CNO Financial Group Inc Com USD 0.01 53

968 Applied Materials Inc Com USD 0.01 27 1,490 Macy's Inc Com USD 0.01 53

491 Oshkosh Corp Com USD 0.01 27 5,306 Xerox Corp Com USD 1.00 53

276 Nordson Corp Com NPV 26 1,264 Bed Bath & Beyond Inc Com USD 0.01 53

2,085 ON Semiconductor Corp Com USD 0.01 24 2,117 HollyFrontier Corp Com USD 0.01 53

760 Hancock Holding Co Com USD 3.33 24 1,974 Twenty-First Century Fox Inc Com USD 0.01 52

520 Aspen Technology Inc Com USD 0.10 23 2,061 Juniper Networks Inc Com USD 0.00001 52

478 Worthington Industries Inc Com NPV 21 4,789 NRG Energy Inc Com USD 0.01 51

91 Northrop Grumman Corp Com USD 1.00 20 925 Harley-Davidson Inc Com USD 0.01 51

428 Archer-Daniels-Midland Co Com NPV 19 218 Northrop Grumman Corp Com USD 1.00 50

1,138 Chimera Investment Corp Reits USD 0.01 19 883 Valero Energy Corp Com USD 0.01 49

171 Cintas Corp Com NPV 18 4,132 Chico's FAS Inc Com USD 0.01 49

558 National Oilwell Varco Inc Com USD 0.01 18 840 Primerica Inc Com USD 0.01 46

665 PharMerica Corp Com USD 0.01 17 910 Shutterfly Inc Com USD 0.0001 44

1,211 NRG Energy Inc Com USD 0.01 17 1,906 Actuant Corp Com USD 0.20 43

58 Biogen Inc Com USD 0.0005 16 3,089 Houghton Mifflin Harcourt Co Com USD 0.01 43

507 Voya Financial Inc Com USD 0.01 15 1,627 Gap Inc Com USD 0.05 43

285 Big Lots Inc Com USD 0.01 15 1,065 Delta Air Lines Inc Com USD 0.0001 42

474 Carpenter Technology Corp Com USD 5.00 15 807 Fluor Corp Com USD 0.01 42

566 ManpowerGroup Inc Com USD 0.01 41





iSHARES IV PLC

iShares US Mortgage Backed Securities UCITS ETF





2016 $’000

Operating income 3,909


Total losses (2,099)


Net operating loss (2,451)

Finance costs:

Distributions to redeemable participating shareholders 211


Total finance costs 210

Net loss for the financial period (2,241)







2016 $’000

Net assets attributable to redeemable participating shareholders at the beginning of the period 217,076


Share transactions:






iSHARES IV PLC






31 May 2016 $'000

CURRENT ASSETS

Cash 269 4,602

Cash equivalents 3,865 -




CURRENT LIABILITIES

Payables (5,306) (13)




iSHARES IV PLC






$'000


Transferable securities admitted to an official stock exchange listing or traded on a regulated market (31 May 2016: 97.59%)

Mortgage backed securities (31 May 2016: 97.59%)


Mortgage Backed Securities: AA+ rating

6,632,753 Fannie Mae Pool 2.5% 01/05/2031 6,668 2.47

156,942 Fannie Mae Pool 2.5% 01/06/2031 158 0.06

509,028 Fannie Mae Pool 2.5% 01/08/2031 512 0.19

966,157 Fannie Mae Pool 2.5% 01/09/2031 971 0.36

490,163 Fannie Mae Pool 2.5% 01/09/2031 493 0.18

567,505 Fannie Mae Pool 2.5% 01/10/2031 571 0.21

475,000 Fannie Mae Pool 2.5% 01/11/2031 478 0.18

617,558 Fannie Mae Pool 2.5% 01/01/2043 593 0.22

5,811,966 Fannie Mae Pool 3% 01/03/2031 5,981 2.22

233,721 Fannie Mae Pool 3% 01/05/2031 241 0.09

664,911 Fannie Mae Pool 3% 01/06/2031 684 0.25

1,963,090 Fannie Mae Pool 3% 01/07/2031 2,022 0.75

2,103,662 Fannie Mae Pool 3% 01/05/2046 2,097 0.78

2,465,966 Fannie Mae Pool 3% 01/07/2046 2,459 0.91

3,950,764 Fannie Mae Pool 3% 01/08/2046 3,939 1.46

172,978 Fannie Mae Pool 3% 01/09/2046 172 0.06

2,931,722 Fannie Mae Pool 3% 01/10/2046 2,923 1.08

1,869,297 Fannie Mae Pool 3% 01/11/2046 1,864 0.69

250,000 Fannie Mae Pool 3% 01/12/2046 249 0.09

488,208 Fannie Mae Pool 3.5% 01/09/2026 509 0.19

114,594 Fannie Mae Pool 3.5% 01/02/2031 120 0.04

4,036,810 Fannie Mae Pool 3.5% 01/06/2031 4,232 1.57

26,202,048 Fannie Mae Pool 3.5% 01/05/2045 27,012 10.01

239,898 Fannie Mae Pool 3.5% 01/04/2046 246 0.09

675,000 Fannie Mae Pool 3.5% 01/11/2046 696 0.26

2,083,791 Fannie Mae Pool 4% 01/12/2025 2,208 0.82

134,220 Fannie Mae Pool 4% 01/04/2046 141 0.05

33,920,951 Fannie Mae Pool 4% 01/04/2046 35,743 13.24

272,905 Fannie Mae Pool 4% 01/07/2046 288 0.11

699,091 Fannie Mae Pool 4% 01/10/2046 738 0.27

661,637 Fannie Mae Pool 4.5% 01/12/2024 716 0.27

14,461,292 Fannie Mae Pool 4.5% 01/03/2046 15,618 5.79

131,925 Fannie Mae Pool 5% 01/02/2041 145 0.05

1,272,312 Fannie Mae Pool 5% 01/12/2044 1,397 0.52

3,684,823 Freddie Mac Gold Pool 2.5% 01/05/2031 3,702 1.37

191,027 Freddie Mac Gold Pool 2.5% 01/07/2031 192 0.07



589,036 Freddie Mac Gold Pool 3% 01/12/2026 606 0.22


4,430,447 Freddie Mac Gold Pool 3% 01/04/2031 4,557 1.69





$'000



Mortgage Backed Securities: AA+ rating (cont)





















403,192 Ginnie Mae I Pool 5% 15/08/2040 446 0.17

48,902 Ginnie Mae II Pool 2.5% 20/05/2046 48 0.02



3,436,627 Ginnie Mae II Pool 3% 20/07/2046 3,495 1.29



24,455,917 Ginnie Mae II Pool 3.5% 20/05/2046 25,489 9.44




182,711 Ginnie Mae II Pool 4% 20/11/2045 194 0.07





5,872,187 Ginnie Mae II Pool 4.5% 20/09/2046 6,304 2.34



Total mortgage backed securities 263,043 97.44


Cash equivalents (31 May 2016: Nil)

UCITS collective investment schemes - Money Market Funds (31 May 2016: Nil)

3,865,344 Institutional Cash Series Plc - Institutional US Dollar Liquidity Fund* 3,865 1.43

iSHARES IV PLC





Fair value

$’000


Cash† 269 0.10








Fair value $'000



Other transferable securities of the type referred to in Regulation 68(1)(a), (b) and (c) 19,942 7.24




iSHARES IV PLC



For the year ended 31 May 2016




Sales Purchases

4,387,687 Freddie Mac Gold Pool 3% 01/06/2046 4,461 6,940,018 Freddie Mac Gold Pool 3.5% 01/04/2046 7,332

3,839,016 Ginnie Mae II Pool 3.5% 20/05/2046 4,062 6,569,758 Freddie Mac Gold Pool 3.5% 01/08/2046 6,951

3,206,365 Ginnie Mae II Pool 4% 20/03/2046 3,410 5,960,884 Ginnie Mae II Pool 4.5% 20/09/2046 6,439

2,211,341 Freddie Mac Gold Pool 3.5% 01/03/2046 2,326 4,589,941 Ginnie Mae II Pool 3% 20/09/2046 4,804


1,726,616 Freddie Mac Gold Pool 3.5% 01/07/2046 1,781 3,962,806 Fannie Mae Pool 3% 01/08/2046 4,124

1,637,859 Fannie Mae Pool 4% 01/04/2046 1,762 3,517,104 Ginnie Mae II Pool 3% 20/07/2046 3,693


1,448,002 Fannie Mae Pool 3% 01/05/2046 1,465 3,264,092 Freddie Mac Gold Pool 4% 01/01/2045 3,506

1,315,699 Freddie Mac Gold Pool 2.5% 01/05/2031 1,340 3,232,718 Freddie Mac Gold Pool 3% 01/06/2046 3,361

1,139,579 Fannie Mae Pool 3% 01/03/2031 1,186 2,949,376 Fannie Mae Pool 3% 01/10/2046 3,060

1,053,356 Ginnie Mae II Pool 4% 20/10/2045 1,125 2,472,102 Freddie Mac Gold Pool 3.5% 01/08/2046 2,614

1,069,037 Freddie Mac Gold Pool 3% 01/06/2046 1,100 2,518,209 Fannie Mae Pool 3% 01/07/2046 2,614

993,399 Ginnie Mae II Pool 4.5% 20/10/2044 1,067 2,331,264 Freddie Mac Gold Pool 3.5% 01/03/2046 2,460

960,723 Freddie Mac Gold Pool 3.5% 01/03/2031 1,013 2,253,794 Freddie Mac Gold Pool 2.5% 01/09/2031 2,336

670,749 Ginnie Mae II Pool 4% 20/05/2046 719 2,158,942 Freddie Mac Gold Pool 3.5% 01/04/2046 2,261

590,018 Ginnie Mae II Pool 3.5% 20/06/2046 626 2,135,165 Fannie Mae Pool 3% 01/05/2046 2,191

555,414 Fannie Mae Pool 5% 01/02/2041 620 1,972,456 Fannie Mae Pool 3% 01/07/2031 2,072

505,794 Freddie Mac Gold Pool 3% 01/04/2031 529 1,790,043 Freddie Mac Gold Pool 3.5% 01/07/2046 1,896

455,321 Ginnie Mae II Pool 4.5% 20/07/2046 492 1,869,297 Fannie Mae Pool 3% 01/11/2046 1,893



1,489,733 Fannie Mae Pool 3% 01/05/2046 1,526

1,272,312 Fannie Mae Pool 5% 01/12/2044 1,409

1,265,885 Ginnie Mae II Pool 3.5% 20/06/2046 1,346

1,154,093 Ginnie Mae II Pool 4.5% 20/10/2044 1,248

1,115,508 Freddie Mac Gold Pool 3.5% 01/10/2046 1,174

1,091,749 Ginnie Mae II Pool 4% 20/10/2045 1,168





iSHARES IV PLC

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS OF THE FUNDS



1. SIGNIFICANT ACCOUNTING POLICIES

Please see Significant accounting policies section in the notes to the

financials of the Company on page 44.

2. NET ASSETS ATTRIBUTABLE TO REDEEMABLE PARTICIPATING

SHAREHOLDERS

As at 30 November

2016

As at 31 May 2016


UCITS ETF

Shares in issue 14,262,445 9,657,030

NAV ($’000) 1,435,352 978,193

NAV per share $100.64 $101.29


Corp Bond UCITS ETF

Shares in issue 7,094,165 6,279,910

NAV ($’000) 674,186 586,764

NAV per share $95.03 $93.44


Shares in issue 22,500,000 41,500,000

NAV ($’000) 102,768 204,821



Shares in issue 1,724,325 1,271,725

NAV ($’000) 173,036 127,540

NAV per share $100.35 $100.29

iShares € Govt Bond 20yr Target

Duration UCITS ETF

Shares in issue 3,000,000 2,500,000

NAV (€’000) 15,520 13,061

NAV per share €5.17 €5.22


Shares in issue 13,773,166 7,076,034

NAV (€’000) 1,382,478 710,171

NAV per share €100.37 €100.36


Shares in issue 2,397,954 1,861,754

NAV (£’000) 241,151 187,001

NAV per share £100.57 £100.44


Shares in issue 1,500,000 -

NAV ($’000) 7,433 -

NAV per share $4.96 -

As at 30 November

2016

As at 31 May 2016

iShares Automation & Robotics

UCITS ETF


NAV ($’000) 65,619 -




NAV ($’000) 28,228 -


iShares Edge MSCI Europe Momentum

Factor UCITS ETF

Shares in issue 6,500,000 6,000,000

NAV (€’000) 35,182 32,373



UCITS ETF

Shares in issue 24,500,000 20,000,000

NAV (€’000) 122,733 101,723



Factor UCITS ETF

Shares in issue 3,000,000 2,000,000

NAV (€’000) 15,949 11,109



UCITS ETF

Shares in issue 1,500,000 2,500,000

NAV (€’000) 8,173 13,682



UCITS ETF

Shares in issue 68,000,000 5,000,000

NAV (€’000) 344,359 24,773


iShares Edge MSCI USA Momentum

Factor UCITS ETF

Shares in issue 500,000 -

NAV (€’000) 2,477 -

NAV per share €4.95 -

iSHARES IV PLC

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS OF THE FUNDS (continued)




SHAREHOLDERS (continued)

As at 30 November

2016

As at 31 May 2016


UCITS ETF

Shares in issue 6,000,000 1,500,000

NAV ($’000) 33,950 7,808


iShares Edge MSCI USA Quality Factor

UCITS ETF


NAV ($’000) 2,552 -



UCITS ETF


NAV ($’000) 5,236 -



UCITS ETF


NAV ($’000) 111,996 -



Factor UCITS ETF

Shares in issue 5,800,000 4,800,000

NAV ($’000) 161,266 132,502



UCITS ETF

Shares in issue 29,000,000 9,000,000

NAV ($’000) 155,266 46,985



UCITS ETF

Shares in issue 10,000,000 8,600,000

NAV ($’000) 272,434 232,345



UCITS ETF

Shares in issue 3,900,000 1,800,000

NAV ($’000) 105,496 47,457


As at 30 November

2016

As at 31 May 2016


UCITS ETF

Shares in issue 29,400,000 6,300,000

NAV ($’000) 747,909 151,277

NAV per share $25.43 24.01


Bond UCITS ETF


NAV ($’000) 209,924 -


iShares Healthcare Innovation

UCITS ETF


NAV ($’000) 15,898 -


iShares iBonds Sep 2018 USD Corp

UCITS ETF

Shares in issue 114,916,378 67,499,850

NAV ($’000) 575,872 338,614



Shares in issue 9,750,000 6,750,000

NAV ($’000) 36,048 23,051




NAV ($’000) 30,322 -


iShares MSCI EMU Large Cap

UCITS ETF

Shares in issue 5,301,416 6,101,416

NAV (€’000) 158,926 181,222



Shares in issue 3,804,638 5,504,638

NAV (€’000) 120,428 171,374



Shares in issue 500,000 400,000

NAV (€’000) 13,834 10,778


iSHARES IV PLC





SHAREHOLDERS (continued)

As at 30 November

2016

As at 31 May 2016

iShares MSCI Japan SRI EUR Hedged

UCITS ETF (Acc)

Shares in issue 7,500,000 3,750,000

NAV (€’000) 39,841 19,220




NAV ($’000) 2,630 -



Shares in issue 1,000,000 1,500,000

NAV ($’000) 5,119 7,667



UCITS ETF

Shares in issue 3,000,000 2,500,000

NAV ($’000) 17,033 12,350


iShares US Mortgage Backed

Securities UCITS ETF

Shares in issue 54,332,326 43,400,000

NAV ($’000) 269,966 217,076



PROFIT OR LOSS

As at 30 November

2016

As at 31 May 2016


UCITS ETF $’000 $’000

Financial assets:

Investment in bonds 1,412,859 964,932

1,412,859 964,932



Financial assets:

Investment in bonds 632,453 564,026

632,453 564,026


Financial assets:


101,410 202,287

As at 30 November

2016

As at 31 May 2016


Financial assets:


169,620 119,633

iShares € Govt Bond 20yr Target

Duration UCITS ETF €’000 €’000

Financial assets:


15,332 12,868


Financial assets:

Investment in bonds 1,359,088 686,008

1,359,088 686,008

iShares £ Ultrashort Bond UCITS ETF £’000 £’000

Financial assets:


229,989 180,203

iShares Ageing Population UCITS ETF $’000 $’000

Financial assets:

Investment in equities 7,411 -

Investment in rights 1 -

7,412 -

iShares Automation & Robotics

UCITS ETF $’000 $’000

Financial assets:


64,974 -



(2) -

iShares Digitalisation UCITS ETF $’000 $’000

Financial assets:


27,854 -



(5) -

iShares Edge MSCI Europe Momentum


Financial assets:

Investment in equities 34,468 32,179

Investment in rights - 4

Investments in futures contracts 2 9

34,470 32,192

iSHARES IV PLC





PROFIT OR LOSS (continued)

As at 30 November

2016

As at 31 May 2016


UCITS ETF €’000 €’000

Financial assets:



124,782 101,128



Financial assets:


Unrealised gains on futures contracts* - 4

15,842 11,050


UCITS ETF €’000 €’000

Financial assets:



Unrealised gains on futures contracts* - 4

8,136 13,392


Unrealised losses on futures contracts* - -

- -


UCITS ETF €’000 €’000

Financial assets:




342,955 24,271


Unrealised losses on futures contracts* - -

- -

iShares Edge MSCI USA Momentum


Financial assets:

Investment in equities

Investment in rights 2,488 -

2,488 -


UCITS ETF $’000 $’000

Financial assets:


33,906 7,800


As at 30 November

2016

As at 31 May 2016


UCITS ETF (cont) $’000 $’000



(1) -

iShares Edge MSCI USA Quality Factor

UCITS ETF $’000 $’000

Financial assets:


2,545 -


UCITS ETF $’000 $’000

Financial assets:


5,220 -


UCITS ETF $’000 $’000

Financial assets:


114,457 -



Financial assets:




160,758 131,917


Unrealised losses on futures contracts* (7) -

(7) -


UCITS ETF $’000 $’000

Financial assets:



149,703 46,886



(9) -


UCITS ETF $’000 $’000

Financial assets:



268,689 254,913


iSHARES IV PLC






As at 30 November

2016

As at 31 May 2016


UCITS ETF (cont) $’000 $’000


Unrealised losses on futures contracts* (34) -

(34) -


UCITS ETF $’000 $’000

Financial assets:


Investment in rights* - 4


104,662 46,464



(1) -


UCITS ETF $’000 $’000

Financial assets:




688,540 165,105



(17) -


Bond UCITS ETF $’000 $’000

Financial assets:

Investment in bonds 201,730 -

201,730 -

iShares Healthcare Innovation

UCITS ETF $’000 $’000

Financial assets:


Unrealised gains on futures contracts* - -

15,953 -

iShares iBonds Sep 2018 USD Corp

UCITS ETF $’000 $’000

Financial assets:


551,245 325,795


As at 30 November

2016

As at 31 May 2016

iShares MSCI China A UCITS ETF $’000 $’000

Financial assets:



35,908 22,894

iShares MSCI EM SRI UCITS ETF $’000 $’000

Financial assets:


30,262 -


Financial assets:




158,251 177,838


Financial assets:




119,446 164,822


Financial assets:


Unrealised gains on futures contracts - 4

13,800 10,530

iShares MSCI Japan SRI EUR Hedged

UCITS ETF (Acc) €’000 €’000

Financial assets:


Unrealised gains on forward

currency contracts 1,526 131

Unrealised gains on futures contracts* 37 -

39,099 19,144


Unrealised losses on forward

currency contracts (11) -

(11) -

iShares MSCI USA SRI UCITS ETF $’000 $’000

Financial assets:


2,624 -


iSHARES IV PLC






As at 30 November

2016

As at 31 May 2016

iShares TA-25 Israel UCITS ETF $’000 $’000

Financial assets:


5,103 7,617


UCITS ETF $’000 $’000

Financial assets:


Unrealised gains on CFDs 12 7

16,484 12,004

iShares US Mortgage Backed

Securities UCITS ETF $’000 $’000

Financial assets:

Investment in MBSs 263,043 211,839

263,043 211,839

iSHARES IV PLC

SUPPLEMENTARY INFORMATION


Efficient portfolio management

The Company may, on behalf of each Fund and subject to the conditions and within the limits laid down by the Central Bank of Ireland, employ

techniques and instruments relating to transferable securities for efficient portfolio management purposes.

Securities Lending and CFDs

The below table details the value of securities on loan as a proportion of the Funds’ total lendable assets and NAV and the value of CFDs as a

proportion of the Fund’s NAV, as at 30 November 2016 and the returns earned for the period ended 30 November 2016. Total lendable assets

represents the aggregate value of assets forming part of the Funds’ securities lending programme. This excludes any assets held by the Funds'

that are not considered lendable due to any market, regulatory, investment or other restriction. The value of the CFDs is based on the underlying

exposure value on a gross absolute basis as disclosed in the Fund’s schedule of investments.

Securities on loan CFDs

Fund

% of lendable assets

% of NAV

% of NAV

Returns earned

'000

iShares $ Short Duration Corp Bond UCITS ETF $ 0.16 0.15 - -

iShares $ Short Duration High Yield Corp Bond UCITS ETF $ 2.59 2.31 - -

iShares $ Treasury Bond 20+yr UCITS ETF $ 14.90 12.52 - -

iShares $ Ultrashort Bond UCITS ETF $ 0.16 0.14 - -

iShares € Ultrashort Bond UCITS ETF € 5.40 5.04 - -

iShares £ Ultrashort Bond UCITS ETF £ 4.80 2.47 - -

iShares Edge MSCI Europe Multifactor UCITS ETF € 1.56 1.09 - -

iShares Edge MSCI Europe Quality Factor UCITS ETF € 0.22 0.19 - -

iShares Edge MSCI Europe Size Factor UCITS ETF € 0.98 0.84 - -

iShares Edge MSCI Europe Value Factor UCITS ETF € 1.88 1.64 - -

iShares Edge MSCI World Multifactor UCITS ETF $ 0.78 0.55 - -

iShares Edge MSCI World Quality Factor UCITS ETF $ 1.55 1.27 - -

iShares Edge MSCI World Size Factor UCITS ETF $ 1.25 1.03 - -

iShares Edge MSCI World Value Factor UCITS ETF $ 2.69 2.07 - -

iShares Fallen Angels High Yield Corp Bond UCITS ETF $ 1.84 1.56 - -

iShares MSCI EMU Large Cap UCITS ETF € 9.36 8.63 - -

iShares MSCI EMU Mid Cap UCITS ETF € 43.32 37.41 - -

iShares MSCI France UCITS ETF € 6.54 6.11 - -

iShares US Equity Buyback Achievers UCITS ETF $ - - 0.57 90

The total income earned from securities lending transactions is split between the relevant Fund and the Securities Lending Agent. The Funds

receive at least 62.5%, while the Securities Lending Agent receives up to 37.5% of such income, with all operational costs borne out of the

Securities Lending Agent’s share.

Income earned during the period by the Funds from securities lending transactions is disclosed in the Funds’ related parties section to the

financial statements.

All returns from CFDs will accrue to the Funds and are not subject to any returns sharing arrangements with the Fund’s Manager or any other

third parties.

iSHARES IV PLC

SUPPLEMENTARY INFORMATION (continued)


Securities Lending and CFDs (continued)

The following tables detail the value of securities on loan and associated collateral received, analysed by borrowing counterparty as at 30

November 2016.

Counterparty* Securities

on loan

Collateral received


UCITS ETF $’000 $’000

J.P. Morgan Securities Plc 1,539 1,693

UBS AG 596 655

Total 2,135 2,348


on loan

Collateral received

iShares $ Short Duration High

Yield Corp Bond UCITS ETF $’000 $’000

Barclays Bank Plc 10,594 11,442

BNP Paribas SA 930 980


Nomura International Plc 1,146 1,277

Total 15,556 16,874


on loan

Collateral received


HSBC Bank Plc 12,871 14,467

Total 12,871 14,467


on loan

Collateral received


J.P. Morgan Securities Plc 251 276

Total 251 276


on loan

Collateral received



BNP Paribas SA 8,694 9,160

Citigroup Global Markets Ltd 17,439 19,001




Societe Generale SA 440 469

Total 69,665 75,383

* The respective counterparty’s country of establishment is detailed in the Glossary section of the financial statements.


on loan

Collateral received

iShares £ Ultrashort Bond

UCITS ETF £’000 £’000

Citigroup Global Markets

Limited 1,507 1,642



Total 5,954 6,489


on loan

Collateral received


Multifactor UCITS ETF €’000 €’000

Citigroup Global Markets

Limited 19 21


Total 1,338 1,450


on loan

Collateral received


Quality Factor UCITS ETF €’000 €’000

HSBC Bank Plc 30 32

Total 30 32


on loan

Collateral received


Size Factor UCITS ETF €’000 €’000

HSBC Bank Plc 68 73

Total 68 73


on loan

Collateral received


Value Factor UCITS ETF €’000 €’000


Macquarie Bank Limited 609 670

The Bank of Nova Scotia 3,177 3,511

Total 5,633 6,183


iSHARES IV PLC



Securities Lending and CFDs (continued)


on loan

Collateral received

iShares Edge MSCI World

Multifactor UCITS ETF $’000 $’000

Citigroup Global Markets Limited 137 149

HSBC Bank Plc 664 720


Total 854 927


on loan

Collateral received


Quality Factor UCITS ETF $’000 $’000





Total 3,450 3,790


on loan

Collateral received


Size Factor UCITS ETF $’000 $’000





Total 1,084 1,186


on loan

Collateral received


Value Factor UCITS ETF $’000 $’000

Citigroup Global Markets Limited 1,379 1,497




UBS AG 7,555 8,444

Total 15,462 17,134



on loan

Collateral received

iShares Fallen Angels High Yield




Total 3,264 3,532


on loan

Collateral received



Societe Generale SA 3,886 4,100

UBS AG 2,594 2,899

Total 13,716 14,980


on loan

Collateral received


Morgan Stanley & Co.

International Plc 45,052 48,487

Total 45,052 48,487


on loan

Collateral received


HSBC Bank Plc 81 88


Societe Generale SA 177 187

Total 844 922

The following table details the underlying exposure value for CFDs,

analysed by counterparty as at 30 November 2016.

Counterparty* Gross absolute exposure value

Collateral received

iShares US Equity Buyback

Achievers UCITS ETF $’000 $’000

Morgan Stanley 527 -

Total 527 -


All securities on loan and CFDs have an open maturity tenor as they

are recallable or terminable on a daily basis.

iSHARES IV PLC



Collateral

The following table provides an analysis by currency of the cash and underlying non-cash collateral received/posted by way of title transfer

collateral arrangement by the Funds, in respect of securities lending transactions, as at 30 November 2016.

Securities lending

Currency

Non-cash Collateral received


UCITS ETF $’000

AUD 65

CAD 13

CHF 306

EUR 504

GBP 365

JPY 300

USD 795

Total 2,348

Securities lending

Currency


iShares $ Short Duration High Yield Corp

Bond UCITS ETF $’000

AUD 41

CHF 521

DKK 52

EUR 9,727

GBP 2,973

JPY 1,002

SEK 14

USD 2,544

Total 16,874

Securities lending

Currency


iShares $ Treasury Bond 20+yr UCITS ETF $’000

AUD 1

CHF 413

EUR 199

GBP 9,203

JPY 239

SEK 284

USD 4,128

Total 14,467

Securities lending

Currency


iShares $ Ultrashort Bond UCITS ETF $’000

AUD 4

CHF 45

EUR 51

GBP 42

JPY 30

USD 104

Total 276

Securities lending

Currency

Cash collateral received


iShares € Ultrashort Bond

UCITS ETF €’000 €’000

DKK - 1,350

EUR - 45,509

GBP 2,679 10,203

JPY - 1,330

NOK - 3,732

SEK - 1,729

USD - 8,851

Total 2,679 72,704

Securities lending

Currency

Cash collateral received


iShares £ Ultrashort Bond

UCITS ETF £’000 £’000

DKK - 196

EUR - 2,788

GBP 474 536

JPY - 747

NOK - 660

SEK - 318

USD - 770

Total 474 6,015

iSHARES IV PLC



Collateral (continued)

Securities lending

Currency



UCITS ETF €’000

EUR 854

GBP 2

JPY 6

SEK 4

USD 584

Total 1,450

Securities lending

Currency


iShares Edge MSCI Europe Quality Factor

UCITS ETF €’000

EUR 19

USD 13

Total 32

Securities lending

Currency



UCITS ETF €’000

EUR 43

USD 30

Total 73

Securities lending

Currency



UCITS ETF €’000

CHF 61

EUR 1,281

GBP 3,498

JPY 9

SEK 5

USD 1,329

Total 6,183

Securities lending

Currency


iShares Edge MSCI World Multifactor UCITS

ETF $’000

CHF 5

DKK 2

EUR 527

GBP 52

JPY 3

SEK 2

USD 335

Total 927

Securities lending

Currency



UCITS ETF $’000

AUD 78

CAD 5

CHF 182

DKK 10

EUR 1,350

GBP 718

JPY 412

USD 1,036

Total 3,790

Securities lending

Currency



UCITS ETF $’000

AUD 13

CAD 1

CHF 45

DKK 2

EUR 476

GBP 239

JPY 70

SEK 1

USD 339

Total 1,186

iSHARES IV PLC




Securities lending

Currency



UCITS ETF $’000

AUD 235

CAD 27

CHF 546

DKK 23

EUR 5,844

GBP 3,015

JPY 1,677

SEK 1

USD 5,766

Total 17,134

Securities lending

Currency



UCITS ETF $’000

AUD 5

CHF 60

EUR 2,304

GBP 668

JPY 40

USD 456

Total 3,532

Securities lending

Currency


iShares MSCI EMU Large Cap UCITS ETF €’000

AUD 249

CAD 124

CHF 1,699

DKK 138

EUR 3,761

GBP 2,295

JPY 1,457

NOK 11

SEK 96

USD 5,150

Total 14,980

Securities lending

Currency


iShares MSCI EMU Mid Cap UCITS ETF €’000

EUR 31,109

GBP 8,604

USD 8,774

Total 48,487

Securities lending

Currency


iShares MSCI France UCITS ETF €’000

AUD 19

CAD 6

CHF 91

DKK 6

EUR 266

GBP 128

JPY 100

NOK 1

SEK 5

USD 301

Total 922

There was no collateral received or pledged in relation to the CFDs

held on iShares US Equity Buyback Achievers UCITS ETF as at 30

November 2016.

As at 30 November 2016, all cash collateral received by the Funds was

re-invested in money market funds managed by the Manager, as

disclosed in the Funds’ schedule of investments. The Funds are the

legal owner of inbound collateral and can sell the assets and withhold

the cash in the case of default. All cash received or posted as

collateral has an open maturity tenor as it’s not subject to a

contractual maturity date.

Non-cash collateral received by way of title transfer collateral

arrangement in relation to securities lending transactions and CFDs,

cannot be sold, re-invested or pledged.

iSHARES IV PLC




The returns earned by the Funds from the reinvestment of cash collateral in money market funds during the period ended 30 November 2016 is

summarised below. These returns represent the accumulative total return of the representative money market fund for the six month period

ended 30 November 2016. These returns do not take into account any interest payable to the counterparty under the relevant collateral

arrangements.

Money market fund Return for the

period %

ICS Institutional Euro Liquidity

Fund - Agency (Dis) Share (0.19)

ICS Institutional GBP Liquidity

Fund - Agency (Dis) Shares 0.24

ICS Institutional USD Liquidity

Fund - Agency (Dis) Shares 0.36

The following table provides an analysis of the type, quality and maturity tenor of non-cash collateral received and posted by the Funds by way

of title transfer collateral arrangement in respect of securities lending transactions as at 30 November 2016.

Maturity tenor

8-30days

31-90days

91-365 days

More than365 days Open Total

iShares $ Short Duration Corp Bond UCITS ETF $'000 $'000 $'000 $'000 $'000 $'000

Fixed income

Investment grade - 12 - 78 - 90

Equities

Recognised equity index - - - - 2,205 2,205

ETFs

Non-UCITS - - - - 53 53

Total - 12 - 78 2,258 2,348

Maturity tenor

8-30days

31-90days

91-365days


iShares $ Short Duration High Yield Corp Bond

UCITS ETF $'000 $'000 $'000 $'000 $'000 $'000

Fixed income

Investment grade 63 995 1,349 10,267 - 12,674

Equities


ETFs

Non-UCITS - - - - 32 32

Total 63 995 1,349 10,267 4,200 16,874

iSHARES IV PLC




Maturity tenor

8-30 days

31-90days

91-365days


iShares $ Treasury Bond 20+yr UCITS ETF $'000 $'000 $'000 $'000 $'000 $'000

Equities


Total - - - - 14,467 14,467

Maturity tenor

8-30days

31-90days

91-365 days


iShares $ Ultrashort Bond UCITS ETF $'000 $'000 $'000 $'000 $'000 $'000

Fixed income

Investment grade - - - 11 - 11

Equities

Recognised equity index - - - - 262 262

ETFs

Non-UCITS - - - - 3 3

Total - - - 11 265 276

Maturity tenor

8-30days

31-90days

91-365 days


iShares € Ultrashort Bond UCITS ETF €’000 €’000 €’000 €’000 €’000 €’000

Fixed income

Investment grade 124 6,257 6,836 54,797 - 68,014

Equities


ETFs

Non-UCITS - - - - 1 1

Total 124 6,257 6,836 54,797 4,690 72,704

iSHARES IV PLC




Maturity tenor

8-30days

31-90days

91-365 days


iShares £ Ultrashort Bond UCITS ETF £’000 £’000 £’000 £’000 £’000 £’000

Fixed income

Investment grade - 379 524 3,789 - 4,692

Equities


ETFs

Non-UCITS - - - - 1 1

Total - 379 524 3,789 1,323 6,015

Maturity tenor

8-30days

31-90days

91-365 days


iShares Edge MSCI Europe Multifactor UCITS ETF €’000 €’000 €’000 €’000 €’000 €’000

Fixed income

Investment grade - 77 67 471 - 615

Equities


ETFs

Non-UCITS - - - - 43 43

Total - 77 67 471 835 1,450

Maturity tenor

8-30days

31-90days

91-365 days


iShares Edge MSCI Europe Quality Factor UCITS ETF €’000 €’000 €’000 €’000 €’000 €’000

Fixed income


Equities


ETFs

Non-UCITS - - - - 1 1

Total - 2 2 10 18 32

iSHARES IV PLC




Maturity tenor

8-30days

31-90days

91-365 days


iShares Edge MSCI Europe Size Factor UCITS ETF €’000 €’000 €’000 €’000 €’000 €’000

Fixed income


Equities


ETFs

Non-UCITS - - - - 2 2

Total - 4 3 24 42 73

Maturity tenor

8-30days

31-90days

91-365 days


iShares Edge MSCI Europe Value Factor UCITS ETF €’000 €’000 €’000 €’000 €’000 €’000

Fixed income


Equities


ETFs

Non-UCITS - - - - 61 61

Total - 108 94 675 5,306 6,183

Maturity tenor

8-30days

31-90days

91-365 days


iShares Edge MSCI World Multifactor UCITS ETF $’000 $’000 $’000 $’000 $’000 $’000

Fixed income


Equities


ETFs

Non-UCITS - - - - 22 22

Total - 39 34 309 545 927

iSHARES IV PLC




Maturity tenor

8-30days

31-90days

91-365 days


iShares Edge MSCI World Quality Factor UCITS ETF $’000 $’000 $’000 $’000 $’000 $’000

Fixed income


Equities


ETFs

Non-UCITS - - - - 12 12

Total - 10 9 631 3,140 3,790

Maturity tenor

8-30days

31-90days

91-365 days


iShares Edge MSCI World Size Factor UCITS ETF $’000 $’000 $’000 $’000 $’000 $’000

Fixed income


Equities


ETFs

Non-UCITS - - - - 14 14

Total - 22 19 239 906 1,186

Maturity tenor

8-30days

31-90days

91-365 days


iShares Edge MSCI World Value Factor UCITS ETF $’000 $’000 $’000 $’000 $’000 $’000

Fixed income

Investment grade 13 86 111 2,188 - 2,398

Equities


ETFs

Non-UCITS - - - - 554 554

Total 13 86 111 2,188 14,736 17,134

iSHARES IV PLC




Maturity tenor

8-30days

31-90days

91-365 days


iShares Fallen Angels High Yield Corp Bond UCITS ETF $’000 $’000 $’000 $’000 $’000 $’000

Fixed income


Equities


ETFs

Non-UCITS - - - - 4 4

Total 17 276 374 2,516 349 3,532

Maturity tenor

8-30days

31-90days

91-365 days


iShares MSCI EMU Large Cap UCITS ETF €’000 €’000 €’000 €’000 €’000 €’000

Fixed income


Equities


ETFs

Non-UCITS - - - - 371 371

Total 5 23 32 1,560 13,360 14,980

Maturity tenor

8-30days

31-90days

91-365days


iShares MSCI EMU Mid Cap UCITS ETF €’000 €’000 €’000 €’000 €’000 €’000

Fixed income

Investment grade - 5,318 3,033 40,136 - 48,487

Total - 5,318 3,033 40,136 - 48,487

iSHARES IV PLC




Maturity tenor

8-30days

31-90days

91-365 days


iShares MSCI France UCITS ETF €’000 €’000 €’000 €’000 €’000 €’000

Fixed income


Equities


ETFs

Non-UCITS - - - - 12 12

Total - 5 4 114 799 922

No collateral had a maturity tenor of less than 8 days.



November 2016.

Investment grade securities are those issued by an entity with a

minimum investment grade credit rating from at least one globally

recognised credit rating agency; Standard & Poor’s, Moody’s or Fitch.

A recognised equity index contains at least 20 equities where no

single equity represents more than 20% of the total index and no five

equities combined represent more than 60% of the total index.

The maturity tenor analysis for fixed income securities received or

posted as collateral is based on the respective contractual maturity

date, while for equity securities, ETFs and money market funds

received or posted as collateral are presented as open transactions

as they are not subject to a contractual maturity date.

As at 30 November 2016, all non-cash collateral received by the Funds in respect of securities lending transactions is held by the Funds’

Depositary (or through its delegates), with the exception of the amounts disclosed in the following table which are held through a securities

settlement system.

Custodian

Non-cash collateral received Securities

lending

iShares $ Short Duration High Yield Corp

Bond UCITS ETF $’000

Euroclear SA/NV 12,421

Total 12,421

Custodian

Non-cash collateral received Securities lending

iShares € Ultrashort Bond UCITS ETF €’000


Total 67,821

Custodian

Non-cash collateral received Securities

lending

iShares £ Ultrashort Bond UCITS ETF £’000


Total 4,552

Custodian

Non-cash collateral received Securities lending

iShares Fallen Angels High Yield Corp Bond UCITS ETF $’000


Total 3,169



November 2016.

iSHARES IV PLC




The following table lists the ten largest issuers by value of non-cash collateral received by the Funds by way of title transfer collateral

arrangement across securities lending transactions as at 30 November 2016.

Collateral issuer Value % of NAV


UCITS ETF $’000

Nestle SA 103 0.01

Novartis AG 50 0.00

Royal Dutch Shell Plc 48 0.00

United States Treasury 43 0.00

United Kingdom 43 0.00

Koninklijke Ahold Delhaize NV 40 0.00

Ramsay Health Care Ltd 39 0.00

Gamesa Corp Tecnologica SA 38 0.00

Muenchener Rueckversicherungs-

Gesellschaft AG in Muenchen 35 0.00

Bristol-Myers Squibb Co 34 0.00

Other issuers 1,875 0.15

Total 2,348 0.16



Corp Bond UCITS ETF $’000

French Republic 2,482 0.37

United Kingdom 2,443 0.36

Republic of Austria 2,360 0.35

Republic of Germany 2,009 0.30

United States Treasury 1,201 0.18

Kingdom of the Netherlands 889 0.13

Republic of Finland 782 0.12

Kreditanstalt fuer Wiederaufbau 257 0.04

Kingdom of Belgium 225 0.03

Nestle SA 194 0.03


Total 16,874 2.50


iShares $ Treasury Bond 20+yr UCITS ETF $’000

Diageo Plc 1,249 1.22

Glaxosmithkline Plc 1,173 1.14

Imperial Brands Plc 1,149 1.12

Barclays Plc 1,139 1.11

National Grid plc 1,035 1.01

WPP Plc 851 0.83

BT Group Plc 839 0.82

General Motors Co 632 0.61

Unilever Plc 551 0.54

Experian Plc 515 0.50


Total 14,467 14.08


iShares $ Ultrashort Bond UCITS ETF $’000

Nestle SA 17 0.01

Novartis AG 8 0.00



Muenchener Rueckversicherungs-

Gesellschaft AG in Muenchen 6 0.00

Bristol-Myers Squibb Co 6 0.00

Koninklijke Ahold Delhaize N 6 0.00

Amazon.Com Inc 5 0.00

Diageo Plc 5 0.00

Zurich Insurance Group AG 5 0.00

Other issuers 203 0.14

Total 276 0.15


iShares € Ultrashort Bond UCITS ETF €’000





Kingdom of the Netherlands 6,206 0.45


Republic of Finland 5,306 0.38

Kreditanstalt fuer Wiederaufbau 5,176 0.37

Kingdom of Belgium 4,717 0.34

Kingdom of Norway 3,639 0.26


Total 72,704 5.26


iShares £ Ultrashort Bond UCITS ETF £’000


Kingdom of Norway 643 0.27


French Republic 428 0.18




Republic of Germany 308 0.13

Kingdom of Sweden 274 0.11

Republic of Austria 213 0.09


Total 6,015 2.48

iSHARES IV PLC






UCITS ETF €’000




Banco Santander SA 133 0.11

Intesa Sanpaolo SpA 132 0.11

Banco Bilbao Vizcaya Argentaria SA 120 0.10

Baidu Inc 113 0.09

Assicurazioni Generali SpA 71 0.06

58.com Inc 41 0.03

JD.com Inc 38 0.03


Total 1,450 1.18



Factor UCITS ETF €’000







Baidu Inc 3 0.02


58.com Inc 1 0.01

JD.com Inc 1 0.01


Total 32 0.22



UCITS ETF €’000







Baidu Inc 6 0.07


58.com Inc 2 0.02

JD.com Inc 2 0.02


Total 73 0.91



UCITS ETF €’000

British American Tobacco Plc 408 0.12


Diageo Plc 383 0.11


BHP Billiton Plc 377 0.11

GKN Plc 350 0.10

Shire Plc 350 0.10


Rite Aid Corp 237 0.07

Zayo Group Holdings Inc 226 0.07


Total 6,183 1.80



UCITS ETF $’000







Baidu Inc 57 0.04


58.com Inc 21 0.01

JD.com Inc 19 0.01


Total 927 0.60



UCITS ETF $’000







AstraZeneca Plc 65 0.02


DR Horton Inc 59 0.02



Total 3,790 1.39

iSHARES IV PLC






UCITS ETF $’000







Baidu Inc 33 0.03

Sanofi 25 0.02

Reckitt Benckiser Group Plc 23 0.02

Rio Tinto Plc 23 0.02


Total 1,186 1.08



UCITS ETF $’000





iShares Russell 2000 ETF 275 0.04

iShares China Large-Cap ETF 259 0.03

British American Tobacco Plc 253 0.03

NetEase Inc 222 0.03

ING Groep NV 218 0.03

BNP Paribas SA 210 0.03


Total 17,134 2.29



UCITS ETF $’000



Republic of Austria 602 0.29






Nestle SA 22 0.01



Total 3,532 1.67


iShares MSCI EMU Large Cap UCITS ETF €’000




Nestle SA 336 0.21


Novartis AG 321 0.20


Credit Suisse Group AG 233 0.15

Lowe's Cos Inc 230 0.14

Enel SpA 219 0.14


Total 14,980 9.41


iShares MSCI EMU Mid Cap UCITS ETF €’000


Kingdom of the Netherlands 8,774 7.29





Kingdom of Belgium 1,754 1.46

Total 48,487 40.29


iShares MSCI France UCITS ETF €’000





Nestle SA 19 0.14


Novartis AG 17 0.12



BNP Paribas 13 0.09

Credit Suisse Group AG 677 4.59

Total 922 6.35



November 2016.

No securities collateral received from a single issuer, in relation to

efficient portfolio management and OTC financial derivative

instruments, has exceeded 20% of any of the respective Funds’ NAV

at the period end date.

None of the Funds have been fully collateralised in securities issued

or guaranteed by an EU member state at the period end date.

iSHARES IV PLC

GLOSSARY


Counterparties to the securities lending transactions and CFDs

Counterparty name Country of establishment

Barclays Bank Plc United Kingdom

BNP Paribas SA France

Citigroup Global Markets Ltd United Kingdom

HSBC Bank Plc United Kingdom

J.P. Morgan Securities Plc United Kingdom

Macquarie Bank Limited Australia

Morgan Stanley United States

Morgan Stanley & Co. International Plc United Kingdom

Nomura International Plc United Kingdom

Societe Generale SA France

The Bank of Nova Scotia Canada

UBS AG Switzerland

iSHARES IV PLC

DISCLAIMERS


Regulatory Information

BlackRock Advisors (UK) Limited, which is authorised and regulated by the Financial Conduct Authority ('FCA'), registered office at

12 Throgmorton Avenue, London, EC2N 2DL, England, Tel +44 (0)20 7743 3000. For your protection, calls are usually recorded. iShares IV plc, ('the Company') is an open-ended investment company with variable capital having segregated liability between its funds organised under the

laws of Ireland and authorised by the Central Bank of Ireland.

Restricted Investors

This document is not, and under no circumstances is to be construed as an advertisement or any other step in furtherance of a public offering of

shares in the United States or Canada. This document is not aimed at persons who are resident in the United States, Canada or any province or

territory thereof, where the companies/securities are not authorised or registered for distribution and where no prospectus has been filed with

any securities commission or regulatory authority. The companies/securities may not be acquired or owned by, or acquired with the assets of,

an ERISA Plan.

Risk Warnings

Investment in the products mentioned in this document may not be suitable for all investors. Past performance is not a guide to future

performance and should not be the sole factor of consideration when selecting a product. The price of the investments may go up or down and

the investor may not get back the amount invested. Your income is not fixed and may fluctuate. The value of investments involving exposure to

foreign currencies can be affected by exchange rate movements. We remind you that the levels and bases of, and reliefs from, taxation can

change.

BlackRock has not considered the suitability of this investment against your individual needs and risk tolerance. The data displayed provides

summary information, investment should be made on the basis of the relevant Prospectus which is available from your Broker, Financial

Adviser or BlackRock Advisors (UK) Limited. We recommend you seek independent professional advice prior to investing.

In respect of the products mentioned this document is intended for information purposes only and does not constitute investment advice or an

offer to sell or a solicitation of an offer to buy the securities described within. This document may not be distributed without authorisation from

the manager.

The Fund invests in China A Shares via the Investment Manager’s Renminbi Qualified Foreign Institutional Investor (“RQFII”) investment quota.

The Fund is subject to RQFII policy and rule changes which could adversely impact the Fund or the Investment Manager’s RQFII quota as well as

the Fund’s ability to hold China A-Shares. The Fund is subject to restrictions and requirements applicable to RQFII investment, including the

following risks: regulatory policies risk, license, quota and repatriation risk, PRC assets risk, RQFII custodian and PRC broker risk, foreign

exchange risk and RQFII quota allocation conflict risk.

Index Disclaimers

Bloomberg® is a trademark and service mark of Bloomberg Finance L.P. (collectively with its affiliates, “Bloomberg”). Barclays® is a trademark

and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors,

including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays are affiliated with BlackRock

Fund Advisors or its affiliates, and neither Bloomberg nor Barclays approves, endorses, reviews, or recommends the iShares ETFs. Neither

Bloomberg nor Barclays guarantees the timeliness, accurateness, or completeness of any data or information relating to 'Bloomberg Barclays

Global Corporate ex EM Fallen Angels 3% Issuer Capped Index', 'Bloomberg Barclays September 2018 Maturity US Corporate Index' and

'Barclays US Mortgage Backed Securities Index'. Neither Bloomberg nor Barclays shall be liable in any way to the BlackRock Fund Advisors or

its affiliates, investors in the iShares ETFs or to other third parties in respect of the use or accuracy of the 'Bloomberg Barclays Global Corporate

ex EM Fallen Angels 3% Issuer Capped Index', 'Bloomberg Barclays September 2018 Maturity US Corporate Index' and 'Barclays US Mortgage

Backed Securities Index' or any data included therein.

The Markit iBoxx USD Liquid Investment Grade 0-5 Index, Markit iBoxx USD Liquid High Yield 0-5 Capped Index, Markit iBoxx GBP Liquid

Investment Grade Ultrashort Index and Markit iBoxx EUR Liquid Investment Grade Ultrashort Index referenced herein are the property of Markit

Indices Limited and is used under license. The iShares ETFs are not sponsored, endorsed, or promoted by Markit Indices Limited.

iSHARES IV PLC

DISCLAIMERS (continued)


Index Disclaimers (continued)

The ICE Index mentioned in this document is a service mark of Interactive Data Pricing and Reference Data, LLC or its affiliates (“Interactive

Data”) and has been licensed for use by BlackRock, Inc. in connection with the fund. Neither BlackRock, Inc. nor the fund is sponsored,

endorsed, sold or promoted by Interactive Data.

Interactive Data makes no representations or warranties regarding BlackRock, Inc. or the fund or the ability of the fund to track the applicable

Index. INTERACTIVE DATA MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF

MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE ICE INDEX OR ANY DATA INCLUDED THEREIN. IN NO

EVENT SHALL INTERACTIVE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES

(INCLUDING LOST PROFITS) EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

Markit iBoxx is a registered trade mark of Markit Indices Limited and has been licensed for use by BlackRock Advisors (UK) Limited. Markit

Indices Limited does not approve, endorse or recommend BlackRock Advisors (UK) Limited or iShares plc. This product is not sponsored,

endorsed or sold by IIC and IIC makes no representation regarding the suitability of investing in this product.

iShares funds are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds

or any index on which such funds are based. The Prospectus contains a more detailed description of the limited relationship that MSCI has with

BlackRock Advisors (UK) Limited and any related funds.

‘Nasdaq®', 'Nasdaq-100®' and 'Nasdaq-100 Index®' are trademarks of the Nasdaq Stock Market Inc. (which with its affiliates is referred to as

the 'Corporations') and are licensed for use by BlackRock Asset Management Deutschland AG. iShares NASDAQ-100® (DE) is not issued,

endorsed, sold or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the Product.

iSTOXX® FactSet Ageing Population Index , iSTOXX® FactSet Automation & Robotics Index , iSTOXX® FactSet Digitalisation Index and

iSTOXX® FactSet Breakthrough Healthcare Index are the intellectual property (including registered trademarks) of STOXX Limited and/or of its

licensors (“licensors”), and are used under a licence. The iShares ETFs are not sponsored, subscribed, sold or promoted by STOXX and its

licensors and none of them bear any liability in this respect.

iShares TA-25 Israel UCITS ETF is not sponsored, endorsed, or promoted by the Tel-Aviv Stock Exchange Ltd, and the Tel-Aviv Stock Exchange

Ltd bears no liability with respect to any such fund or any index on which such fund is based. The Prospectus contains a more detailed

description of the limited relationship that the Tel-Aviv Stock Exchange Ltd has with BlackRock and any related funds.

© 2016 BlackRock, Inc. All Rights reserved. BLACKROCK, BLACKROCK SOLUTIONS, iSHARES, BUILD ON BLACKROCK, SO WHAT DO I DO WITH

MY MONEY and the stylized i logo are registered and unregistered trademarks of BlackRock, Inc. or its subsidiaries in the United States and

elsewhere. All other trademarks are those of their respective owners.

FOR MORE INFORMATION

BlackRock Advisors (UK) Limited,

12 Throgmorton Avenue,

London, EC2N 2DL,

England.

Tel: +44 (0)20 7743 3000 Website: ishares.com

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