ETF constituents for HEZU

Below, a list of constituents for HEZU (iShares Currency Hedged MSCI Eurozone ETF) is shown. In total, HEZU consists of 251 securities.

Note: The data shown here is as of date Oct 31, 2025 (the latest that can be sourced directly from the fund provider).

Click here to go back to the full list of ETFs.

Ticker Name Sector Asset Class Market Value Weight (%)
EZU ISHARES MSCI EUROZONE ETF Financials Equity 623,770,356.46 100.42
XTSLA BLK CSH FND TREASURY SL AGENCY Cash and/or Derivatives Money Market 335,177.00 0.05
USD USD CASH Cash and/or Derivatives Cash 57,840.28 0.01
EUR EUR/USD Cash and/or Derivatives Forwards 27,117.31 0.00
EUR EUR/USD Cash and/or Derivatives Forwards 5,068.14 0.00
EUR EUR/USD Cash and/or Derivatives Forwards -13,672.97 0.00
EUR EUR/USD Cash and/or Derivatives Forwards -3,006,271.51 -0.48
iShares Currency Hedged MSCI Eurozone ETF nan nan nan nan nan
Fund Holdings as of Dec 05, 2025 nan nan nan nan
Inception Date Jul 09, 2014 nan nan nan nan
Shares Outstanding 14,250,000.00 nan nan nan nan
Stock nan nan nan nan nan
Bond nan nan nan nan nan
Cash nan nan nan nan nan
Other nan nan nan nan nan
Ticker Name Sector Asset Class Market Value Weight (%)
ASML ASML HOLDING NV Information Technology Equity 37,337,583.62 6.01
SAP SAP Information Technology Equity 22,510,250.36 3.62
SIE SIEMENS N AG Industrials Equity 17,935,019.55 2.89
MC LVMH Consumer Discretionary Equity 15,877,700.16 2.56
ALV ALLIANZ Financials Equity 14,314,656.40 2.30
SAN BANCO SANTANDER SA Financials Equity 14,234,564.29 2.29
SU SCHNEIDER ELECTRIC Industrials Equity 13,052,020.45 2.10
AIR AIRBUS GROUP Industrials Equity 11,815,208.58 1.90
IBE IBERDROLA SA Utilities Equity 11,529,833.65 1.86
TTE TOTALENERGIES Energy Equity 11,322,367.63 1.82
BBVA BANCO BILBAO VIZCAYA ARGENTARIA SA Financials Equity 10,996,447.61 1.77
SAF SAFRAN SA Industrials Equity 10,661,607.69 1.72
DTE DEUTSCHE TELEKOM N AG Communication Equity 10,249,233.10 1.65
AI LAIR LIQUIDE SOCIETE ANONYME POUR Materials Equity 9,536,076.46 1.54
SAN SANOFI SA Health Care Equity 9,492,225.40 1.53
UCG UNICREDIT Financials Equity 9,218,514.97 1.48
EL ESSILORLUXOTTICA SA Health Care Equity 9,208,597.02 1.48
ENR SIEMENS ENERGY N AG Industrials Equity 9,169,923.26 1.48
OR LOREAL SA Consumer Staples Equity 9,050,346.48 1.46
ISP INTESA SANPAOLO Financials Equity 8,081,443.98 1.30
BNP BNP PARIBAS SA Financials Equity 7,659,837.60 1.23
ENEL ENEL Utilities Equity 7,212,968.52 1.16
RHM RHEINMETALL AG Industrials Equity 7,112,603.87 1.15
MUV2 MUENCHENER RUECKVERSICHERUNGS-GESE Financials Equity 7,020,597.74 1.13
RMS HERMES INTERNATIONAL Consumer Discretionary Equity 6,931,336.20 1.12
INGA ING GROEP NV Financials Equity 6,915,118.17 1.11
PRX PROSUS NV CLASS N Consumer Discretionary Equity 6,893,598.09 1.11
CS AXA SA Financials Equity 6,759,549.84 1.09
DG VINCI SA Industrials Equity 6,064,420.16 0.98
ITX INDUSTRIA DE DISENO TEXTIL SA Consumer Discretionary Equity 6,049,324.92 0.97
DBK DEUTSCHE BANK AG Financials Equity 5,821,461.61 0.94
ABI ANHEUSER-BUSCH INBEV SA Consumer Staples Equity 5,267,803.04 0.85
BN DANONE SA Consumer Staples Equity 4,984,923.18 0.80
IFX INFINEON TECHNOLOGIES AG Information Technology Equity 4,951,114.83 0.80
NDA FI NORDEA BANK Financials Equity 4,837,651.00 0.78
ARGX ARGENX Health Care Equity 4,791,554.37 0.77
MBG MERCEDES-BENZ GROUP N AG Consumer Discretionary Equity 4,496,947.63 0.72
DHL DEUTSCHE POST AG Industrials Equity 4,423,217.97 0.71
GLE SOCIETE GENERALE SA Financials Equity 4,396,083.96 0.71
RACE FERRARI NV Consumer Discretionary Equity 4,337,387.17 0.70
DB1 DEUTSCHE BOERSE AG Financials Equity 4,231,408.59 0.68
ENGI ENGIE SA Utilities Equity 3,952,957.50 0.64
BAS BASF N Materials Equity 3,945,409.88 0.64
SGO COMPAGNIE DE SAINT GOBAIN SA Industrials Equity 3,938,361.28 0.63
CABK CAIXABANK SA Financials Equity 3,926,197.75 0.63
EOAN E.ON N Utilities Equity 3,499,601.21 0.56
ADYEN ADYEN NV Financials Equity 3,440,031.14 0.55
LR LEGRAND SA Industrials Equity 3,413,146.64 0.55
ENI ENI Energy Equity 3,329,311.90 0.54
BAYN BAYER AG Health Care Equity 3,307,542.32 0.53
AD KONINKLIJKE AHOLD DELHAIZE NV Consumer Staples Equity 3,174,304.97 0.51
UCB UCB SA Health Care Equity 3,163,139.48 0.51
EBS ERSTE GROUP BANK AG Financials Equity 2,980,062.88 0.48
HEI HEIDELBERG MATERIALS AG Materials Equity 2,969,334.03 0.48
FER FERROVIAL Industrials Equity 2,931,471.17 0.47
G ASSICURAZIONI GENERALI Financials Equity 2,908,079.78 0.47
ADS ADIDAS N AG Consumer Discretionary Equity 2,840,088.81 0.46
AMS AMADEUS IT GROUP SA Consumer Discretionary Equity 2,807,465.62 0.45
NOKIA NOKIA Information Technology Equity 2,798,358.57 0.45
RWE RWE AG Utilities Equity 2,752,137.19 0.44
BMW BMW AG Consumer Discretionary Equity 2,735,794.41 0.44
ORA ORANGE SA Communication Equity 2,586,276.65 0.42
CBK COMMERZBANK AG Financials Equity 2,524,024.37 0.41
KBC KBC GROEP Financials Equity 2,474,684.14 0.40
ASM ASM INTERNATIONAL NV Information Technology Equity 2,450,045.21 0.39
SAMPO SAMPO CLASS A Financials Equity 2,432,330.13 0.39
UMG UNIVERSAL MUSIC GROUP NV Communication Equity 2,425,156.77 0.39
PRY PRYSMIAN Industrials Equity 2,418,544.80 0.39
RYA RYANAIR HOLDINGS PLC Industrials Equity 2,383,863.17 0.38
CAP CAPGEMINI Information Technology Equity 2,252,621.89 0.36
VOW3 VOLKSWAGEN NON-VOTING PREF AG Consumer Discretionary Equity 2,228,294.84 0.36
KER KERING SA Consumer Discretionary Equity 2,223,678.94 0.36
AER AERCAP HOLDINGS NV Industrials Equity 2,143,586.83 0.35
STLAM STELLANTIS NV Consumer Discretionary Equity 2,122,628.15 0.34
WKL WOLTERS KLUWER NV Industrials Equity 2,121,942.00 0.34
HO THALES SA Industrials Equity 2,100,297.17 0.34
KNEBV KONE Industrials Equity 2,048,461.85 0.33
FRE FRESENIUS SE AND CO KGAA Health Care Equity 2,030,497.26 0.33
HEIA HEINEKEN NV Consumer Staples Equity 2,019,269.40 0.33
PUB PUBLICIS GROUPE SA Communication Equity 1,994,879.98 0.32
VNA VONOVIA SE Real Estate Equity 1,943,730.81 0.31
LDO LEONARDO FINMECCANICA SPA Industrials Equity 1,931,005.89 0.31
MTX MTU AERO ENGINES HOLDING AG Industrials Equity 1,909,797.70 0.31
ML MICHELIN Consumer Discretionary Equity 1,899,755.00 0.31
A5G AIB GROUP PLC Financials Equity 1,880,293.36 0.30
VIE VEOLIA ENVIRON. SA Utilities Equity 1,867,443.69 0.30
REP REPSOL SA Energy Equity 1,857,525.74 0.30
PHIA KONINKLIJKE PHILIPS NV Health Care Equity 1,812,052.89 0.29
ACA CREDIT AGRICOLE SA Financials Equity 1,808,559.77 0.29
DTG DAIMLER TRUCK HOLDING E AG Industrials Equity 1,808,247.89 0.29
NBIS NEBIUS NV CLASS A Information Technology Equity 1,804,817.15 0.29
AENA AENA SME SA Industrials Equity 1,758,970.03 0.28
MT ARCELORMITTAL SA Materials Equity 1,735,391.51 0.28
ABN ABN AMRO BANK NV Financials Equity 1,730,588.48 0.28
NN NN GROUP NV Financials Equity 1,699,524.71 0.27
SAB BANCO DE SABADELL SA Financials Equity 1,663,969.80 0.27
CCEP COCA COLA EUROPACIFIC PARTNERS PLC Consumer Staples Equity 1,634,902.10 0.26
DSY DASSAULT SYSTEMES Information Technology Equity 1,612,321.62 0.26
MRK MERCK Health Care Equity 1,576,267.69 0.25
RI PERNOD RICARD SA Consumer Staples Equity 1,568,408.18 0.25
KPN KONINKLIJKE KPN NV Communication Equity 1,546,513.84 0.25
BPE BPER BANCA Financials Equity 1,543,519.75 0.25
HNR1 HANNOVER RUECK Financials Equity 1,539,714.75 0.25
STMPA STMICROELECTRONICS NV Information Technology Equity 1,533,477.04 0.25
BIRG BANK OF IRELAND GROUP PLC Financials Equity 1,529,734.42 0.25
BMPS BANCA MONTE DEI PASCHI DI SIENA SP Financials Equity 1,514,576.80 0.24
WRT1V WARTSILA Industrials Equity 1,504,284.59 0.24
EUR EUR CASH Cash and/or Derivatives Cash 1,498,421.15 0.24
SHL SIEMENS HEALTHINEERS AG Health Care Equity 1,488,378.45 0.24
ACS ACS ACTIVIDADES DE CONSTRUCCION Y Industrials Equity 1,449,455.18 0.23
TEF TELEFONICA SA Communication Equity 1,381,401.83 0.22
BAMI BANCO BPM Financials Equity 1,376,785.93 0.22
MONC MONCLER Consumer Discretionary Equity 1,369,051.18 0.22
UPM UPM-KYMMENE Materials Equity 1,293,138.33 0.21
CLNX CELLNEX TELECOM SA Communication Equity 1,281,972.84 0.21
KRZ KERRY GROUP PLC Consumer Staples Equity 1,279,602.51 0.21
TRN TERNA RETE ELETTRICA NAZIONALE Utilities Equity 1,276,670.79 0.21
FBK FINECOBANK BANCA FINECO Financials Equity 1,260,764.64 0.20
EDP EDP ENERGIAS DE PORTUGAL SA Utilities Equity 1,219,970.06 0.20
DSFIR DSM FIRMENICH AG Materials Equity 1,198,949.00 0.19
SRG SNAM Utilities Equity 1,168,945.65 0.19
KRX KINGSPAN GROUP PLC Industrials Equity 1,164,828.76 0.19
1CO COVESTRO V AG Materials Equity 1,125,281.72 0.18
HEN3 HENKEL & KGAA PREF AG Consumer Staples Equity 1,112,244.92 0.18
URW UNIBAIL RODAMCO WE STAPLED UNITS Real Estate Equity 1,102,950.74 0.18
BESI BE SEMICONDUCTOR INDUSTRIES NV Information Technology Equity 1,034,710.27 0.17
METSO METSO CORPORATION Industrials Equity 995,100.85 0.16
ELE ENDESA SA Utilities Equity 992,044.37 0.16
ENX EURONEXT NV Financials Equity 970,773.81 0.16
AKZA AKZO NOBEL NV Materials Equity 958,236.02 0.15
BKT BANKINTER SA Financials Equity 939,398.16 0.15
PST POSTE ITALIANE Financials Equity 935,780.29 0.15
SY1 SYMRISE AG Materials Equity 929,355.45 0.15
BVI BUREAU VERITAS SA Industrials Equity 923,741.52 0.15
AC ACCOR SA Consumer Discretionary Equity 917,690.95 0.15
ASRNL ASR NEDERLAND NV Financials Equity 915,133.49 0.15
AGN AEGON LTD Financials Equity 907,710.62 0.15
FME FRESENIUS MEDICAL CARE AG Health Care Equity 893,925.30 0.14
BEI BEIERSDORF AG Consumer Staples Equity 890,494.56 0.14
QIA QIAGEN NV Health Care Equity 890,182.68 0.14
AGS AGEAS SA Financials Equity 862,362.52 0.14
G1A GEA GROUP AG Industrials Equity 859,805.06 0.14
EN BOUYGUES SA Industrials Equity 839,220.64 0.14
FGR EIFFAGE SA Industrials Equity 831,111.62 0.13
ALO ALSTOM SA Industrials Equity 810,152.94 0.13
CA CARREFOUR SA Consumer Staples Equity 807,595.48 0.13
HEIO HEINEKEN HOLDING NV Consumer Staples Equity 804,164.74 0.13
FORTUM FORTUM Utilities Equity 799,798.35 0.13
NESTE NESTE Energy Equity 785,451.63 0.13
RXL REXEL SA Industrials Equity 747,464.02 0.12
GALP GALP ENERGIA SGPS SA CLASS B Energy Equity 738,793.61 0.12
RNO RENAULT SA Consumer Discretionary Equity 722,138.94 0.12
CON CONTINENTAL AG Consumer Discretionary Equity 721,702.30 0.12
LI KLEPIERRE REIT SA Real Estate Equity 721,203.29 0.12
ERF EUROFINS SCIENTIFIC Health Care Equity 708,478.37 0.11
OMV OMV AG Energy Equity 708,104.11 0.11
TLX TALANX AG Financials Equity 703,425.83 0.11
EXO EXOR NV Financials Equity 697,749.52 0.11
UNI UNIPOL ASSICURAZIONI SPA Financials Equity 691,948.46 0.11
ORNBV ORION CLASS B Health Care Equity 672,424.44 0.11
TEN TENARIS SA Energy Equity 672,362.07 0.11
HEN HENKEL AG Consumer Staples Equity 672,174.94 0.11
SRT3 SARTORIUS PREF AG Health Care Equity 670,865.02 0.11
G24 SCOUT24 N Communication Equity 667,808.54 0.11
KBX KNORR BREMSE AG Industrials Equity 666,373.87 0.11
BCP BANCO COMERCIAL PORTUGUES SA Financials Equity 648,534.04 0.10
PAH3 PORSCHE AUTOMOBIL HOLDING PREF Consumer Discretionary Equity 632,877.40 0.10
DIM SARTORIUS STEDIM BIOTECH SA Health Care Equity 628,698.14 0.10
BNR BRENNTAG Industrials Equity 615,349.46 0.10
STERV STORA ENSO CLASS R Materials Equity 612,043.47 0.10
XTSLA BLK CSH FND TREASURY SL AGENCY Cash and/or Derivatives Money Market 601,589.32 0.10
GBLB GROUPE BRUXELLES LAMBERT NV Financials Equity 599,443.31 0.10
TIT TELECOM ITALIA Communication Equity 584,285.69 0.09
JMT JERONIMO MARTINS SA Consumer Staples Equity 579,233.15 0.09
REC RECORDATI INDUSTRIA CHIMICA E FARM Health Care Equity 569,128.07 0.09
P911 DR ING HC F PORSCHE PRF AG Consumer Discretionary Equity 556,278.40 0.09
JDEP JDE PEETS NV Consumer Staples Equity 550,477.34 0.09
NEM NEMETSCHEK Information Technology Equity 546,298.08 0.09
AM DASSAULT AVIATION SA Industrials Equity 539,623.74 0.09
ZAL ZALANDO Consumer Discretionary Equity 537,814.80 0.09
ELISA ELISA Communication Equity 537,378.16 0.09
IAG INTERNATIONAL AIRLINES GROUP SA Industrials Equity 528,146.36 0.09
EVD CTS EVENTIM AG Communication Equity 516,357.10 0.08
KESKOB KESKO CLASS B Consumer Staples Equity 513,986.77 0.08
SYENS SYENSQO NV Materials Equity 511,117.43 0.08
RED REDEIA CORPORACION SA Utilities Equity 504,817.35 0.08
LHA DEUTSCHE LUFTHANSA AG Industrials Equity 500,762.84 0.08
HOT HOCHTIEF AG Industrials Equity 494,587.52 0.08
LEG LEG IMMOBILIEN N Real Estate Equity 491,780.55 0.08
BMW3 BMW PREF AG Consumer Discretionary Equity 484,170.55 0.08
IPN IPSEN SA Health Care Equity 469,761.46 0.08
GET GETLINK Industrials Equity 469,574.32 0.08
RBI RAIFFEISEN BANK INTERNATIONAL AG Financials Equity 463,149.49 0.07
IMCD IMCD NV Industrials Equity 462,588.10 0.07
EDEN EDENRED Financials Equity 460,654.41 0.07
ELI ELIA GROUP SA Utilities Equity 458,907.85 0.07
VER VERBUND AG Utilities Equity 451,110.72 0.07
TUB FINANCIERE DE TUBIZE SA Health Care Equity 449,488.92 0.07
BIM BIOMERIEUX SA Health Care Equity 443,500.72 0.07
HAG HENSOLDT AG Industrials Equity 441,567.04 0.07
ANA ACCIONA SA Utilities Equity 440,569.00 0.07
ADP AEROPORTS DE PARIS SA Industrials Equity 430,152.04 0.07
AMUN AMUNDI SA Financials Equity 420,795.48 0.07
BMED BANCA MEDIOLANUM Financials Equity 409,255.73 0.07
SOF SOFINA SA Financials Equity 407,134.91 0.07
SW SODEXO SA Consumer Discretionary Equity 402,394.26 0.06
BZU BUZZI Materials Equity 398,776.39 0.06
DHER DELIVERY HERO Consumer Discretionary Equity 390,667.37 0.06
EDPR EDP RENOVAVEIS SA Utilities Equity 382,495.98 0.06
NTGY NATURGY ENERGY GROUP SA Utilities Equity 376,071.15 0.06
MAP MAPFRE SA Financials Equity 374,885.98 0.06
GFC GECINA SA Real Estate Equity 371,205.74 0.06
CPR DAVIDE CAMPARI MILANO NV Consumer Staples Equity 365,404.67 0.06
RAND RANDSTAD HOLDING Industrials Equity 361,662.05 0.06
EVK EVONIK INDUSTRIES AG Materials Equity 338,520.17 0.05
BOL BOLLORE Communication Equity 331,845.83 0.05
GRF GRIFOLS SA CLASS A Health Care Equity 330,411.16 0.05
DIE DIETEREN (D) SA Consumer Discretionary Equity 326,606.16 0.05
RAA RATIONAL AG Industrials Equity 323,923.95 0.05
LOTB LOTUS BAKERIES NV Consumer Staples Equity 318,746.65 0.05
CVC CVC CAPITAL PARTNERS PLC Financials Equity 309,265.34 0.05
COV COVIVIO SA Real Estate Equity 308,953.46 0.05
FDJU FDJ UNITED Consumer Discretionary Equity 259,301.34 0.04
INPST INPOST SA Industrials Equity 251,192.32 0.04
INW INFRASTRUTTURE WIRELESS ITALIANE Communication Equity 219,068.15 0.04
NEXI NEXI Financials Equity 212,955.20 0.03
GBP GBP CASH Cash and/or Derivatives Cash 195,302.50 0.03
JPFFT CASH COLLATERAL EUR JPFFT Cash and/or Derivatives Cash Collateral and Margins 188,628.16 0.03
EUR EUR/USD Cash and/or Derivatives Forwards 27,117.31 0.00
EUR EUR/USD Cash and/or Derivatives Forwards 5,068.14 0.00
VGZ5 EURO STOXX 50 DEC 25 Cash and/or Derivatives Futures 0.00 0.00
EUR EUR/USD Cash and/or Derivatives Forwards -13,672.97 0.00
USD USD CASH Cash and/or Derivatives Cash -225,101.95 -0.04
EUR EUR/USD Cash and/or Derivatives Forwards -3,006,271.51 -0.48
The content contained herein is owned or licensed by BlackRock and/or its third-party information providers and is protected by applicable copyrights, trademarks, service marks, and/or other intellectual property rights. Such content is solely for your personal, non-commercial use. Accordingly, you may not copy, distribute, modify, post, frame or deep link this content. You may download material displayed on this Website for your personal use provided you also retain all copyright and other proprietary notices contained on the materials. Modification or use of the materials for any other purpose violates BlackRock's intellectual property rights. Holdings subject to change. See www.iShares.com for the most recent funds holdings. The values for “price” shown herein generally represent a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The values shown herein for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of the vendor price and may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent practicable date and may not necessarily be as of the date shown above. Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures. CAREFULLY CONSIDER THE FUNDS' INVESTMENT OBJECTIVES, RISK FACTORS, AND CHARGES AND EXPENSES BEFORE INVESTING. THIS AND OTHER INFORMATION CAN BE FOUND IN THE FUNDS' PROSPECTUSES OR, IF AVAILABLE, THE SUMMARY PROSPECTUSES WHICH MAY BE OBTAINED BY VISITING WWW.ISHARES.COM OR WWW.BLACKROCK.COM. READ THE PROSPECTUS CAREFULLY BEFORE INVESTING. INVESTING INVOLVES RISK, INCLUDING POSSIBLE LOSS OF PRINCIPAL. This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”). The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Bloomberg, BlackRock Index Services, LLC, Cboe Global Indices, LLC, Cohen & Steers, European Public Real Estate Association (“EPRA® ”), FTSE International Limited (“FTSE”), ICE Data Indices, LLC, NSE Indices Ltd, JPMorgan, JPX Group, London Stock Exchange Group (“LSEG”), MSCI Inc., Markit Indices Limited, Morningstar, Inc., Nasdaq, Inc., National Association of Real Estate Investment Trusts (“NAREIT”), Nikkei, Inc., Russell, S&P Dow Jones Indices LLC or STOXX Ltd. None of these companies make any representation regarding the advisability of investing in the Funds. With the exception of BlackRock Index Services, LLC, who is an affiliate, BlackRock Investments, LLC is not affiliated with the companies listed above. Neither FTSE, LSEG, nor NAREIT makes any warranty regarding the FTSE Nareit Equity REITS Index, FTSE Nareit All Residential Capped Index or FTSE Nareit All Mortgage Capped Index. Neither FTSE, EPRA, LSEG, nor NAREIT makes any warranty regarding the FTSE EPRA Nareit Developed ex-U.S. Index, FTSE EPRA Nareit Developed Green Target Index or FTSE EPRA Nareit Global REITs Index. “FTSE®” is a trademark of London Stock Exchange Group companies and is used by FTSE under license. ©2023 BlackRock, Inc or its affiliates. All rights reserved. iSHARES, iBONDS and BLACKROCK are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners. nan nan nan nan nan