NPORT-EX 2 NPORT_0BO8_67734012_0124.htm

Schedule of Investments (unaudited) iShares® J.P. Morgan USD Emerging Markets Bond ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security 

Par

(000)

   Value 
         
Corporate Bonds & Notes          
           
Azerbaijan — 0.3%          
Southern Gas Corridor CJSC, 6.88%, 03/24/26(a)   $48,357   $48,901,016 
           
Bahrain — 0.2%          
Oil and Gas Holding Co. BSCC (The), 7.50%, 10/25/27(a)    24,621    25,713,557 
           
Chile — 1.1%          
Corp. Nacional del Cobre de Chile          
3.00%, 09/30/29 (Call 06/30/29)(a)    18,054    15,959,736 
3.15%, 01/14/30 (Call 10/14/29)(a)    15,650    13,795,475 
3.63%, 08/01/27 (Call 05/01/27)(a)    20,704    19,544,576 
3.70%, 01/30/50 (Call 07/30/49)(a)    42,433    29,024,172 
4.38%, 02/05/49 (Call 08/05/48)(a)    20,988    16,181,748 
4.50%, 08/01/47 (Call 02/01/47)(a)    20,004    15,693,138 
5.95%, 01/08/34 (Call 10/08/33)(a)    20,950    20,901,815 
6.30%, 09/08/53 (Call 03/08/53)(b)    12,345    12,110,322 
6.30%, 09/08/53(a)    2,000    1,961,980 
6.44%, 01/26/36 (Call 10/26/35)(b)    10,400    10,764,000 
Empresa de Transporte de Pasajeros Metro SA, 4.70%, 05/07/50 (Call 11/07/49)(a)    16,012    13,032,647 
         168,969,609 
China — 1.9%          
CNAC HK Finbridge Co. Ltd.          
3.00%, 09/22/30(a)    16,943    14,785,309 
4.13%, 07/19/27(a)    17,251    16,629,791 
5.13%, 03/14/28(a)    29,545    29,313,072 
Minmetals Bounteous Finance BVI Ltd., 3.38%,          
(Call 09/03/24), (5-year CMT + 5.209%)(a)(c)(d)    17,074    16,823,226 
Sinopec Group Overseas Development 2012 Ltd., 4.88%, 05/17/42(a)    16,913    16,441,550 
Sinopec Group Overseas Development 2017 Ltd., 3.63%, 04/12/27(a)    17,522    17,051,534 
Sinopec Group Overseas Development 2018 Ltd.          
1.45%, 01/08/26(a)    20,495    19,251,363 
2.15%, 05/13/25 (Call 04/13/25)(a)    17,376    16,764,539 
2.30%, 01/08/31 (Call 10/08/30)(a)    20,436    17,841,241 
2.70%, 05/13/30 (Call 02/13/30)(a)    25,328    23,038,349 
2.95%, 11/12/29 (Call 08/12/29)(a)    17,503    16,201,477 
SPIC MTN Co. Ltd., 1.63%, 07/27/25(a)    14,642    13,906,825 
State Grid Overseas Investment BVI Ltd.          
1.63%, 08/05/30 (Call 05/05/30)(a)    19,556    16,524,429 
3.50%, 05/04/27(a)    39,619    38,411,413 
Three Gorges Finance I Cayman Islands Ltd., 3.15%, 06/02/26(a)    17,006    16,418,017 
         289,402,135 
Hong Kong — 0.2%          
China Life Insurance Overseas Co. Ltd./Hong Kong, 5.35%, 08/15/33,          
(5-year CMT + 1.232%)(a)(d)    34,000    34,539,240 
           
Indonesia — 1.0%          
Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT          
4.75%, 05/15/25 (Call 04/15/25)(a)    9,059    8,920,284 
5.45%, 05/15/30 (Call 02/15/30)(a)    11,993    11,919,363 
Pelabuhan Indonesia Persero PT, 4.25%, 05/05/25(a)    9,080    8,926,775 
Pertamina Persero PT          
1.40%, 02/09/26 (Call 01/09/26)(a)    10,724    9,912,998 
4.18%, 01/21/50 (Call 07/21/49)(a)    10,713    8,410,883 
Security  Par
(000)		   Value 
         
Indonesia (continued)          
5.63%, 05/20/43(a)   $15,335   $14,857,468 
6.00%, 05/03/42(a)    13,265    13,399,109 
6.45%, 05/30/44(a)    15,891    16,766,753 
Perusahaan Listrik Negara PT, 4.13%, 05/15/27(a)    16,083    15,542,290 
Perusahaan Perseroan Persero PT Perusahaan          
Listrik Negara          
4.00%, 06/30/50 (Call 12/30/49)(a)    11,011    8,135,587 
5.25%, 10/24/42(a)    10,625    9,776,169 
5.45%, 05/21/28(a)    10,256    10,300,716 
6.15%, 05/21/48(a)    10,542    10,516,805 
         147,385,200 
Malaysia — 1.6%          
Petronas Capital Ltd.          
2.48%, 01/28/32 (Call 10/28/31)(a)    30,799    25,960,169 
3.40%, 04/28/61 (Call 10/28/60)(a)    42,037    28,918,093 
3.50%, 03/18/25(a)    32,123    31,516,678 
3.50%, 04/21/30 (Call 01/21/30)(a)    54,256    50,497,144 
4.50%, 03/18/45(a)    36,786    32,740,644 
4.55%, 04/21/50 (Call 10/21/49)(a)    65,861    58,628,804 
4.80%, 04/21/60 (Call 10/21/59)(a)    24,139    21,944,041 
         250,205,573 
Mexico — 2.4%          
Banco Nacional de Comercio Exterior          
SNC/Cayman Islands, 4.38%, 10/14/25(a)    7,933    7,775,689 
Comision Federal de Electricidad, 4.69%, 05/15/29          
(Call 03/15/29)(a)    10,018    9,410,659 
Mexico City Airport Trust, 5.50%, 07/31/47          
(Call 01/31/47)(a)    14,482    11,879,585 
Petroleos Mexicanos          
4.50%, 01/23/26   9,235    8,667,971 
5.35%, 02/12/28   16,523    14,435,649 
5.95%, 01/28/31 (Call 10/28/30)   31,125    24,339,750 
6.35%, 02/12/48   13,269    8,213,511 
6.38%, 01/23/45   10,614    6,686,820 
6.49%, 01/23/27 (Call 11/23/26)   13,024    12,248,421 
6.50%, 03/13/27   33,232    31,105,152 
6.50%, 01/23/29   10,226    9,030,683 
6.50%, 06/02/41   13,279    8,839,697 
6.63%, 06/15/35   22,885    17,160,317 
6.70%, 02/16/32 (Call 11/16/31)   54,117    43,913,240 
6.75%, 09/21/47   44,006    28,150,638 
6.84%, 01/23/30 (Call 10/23/29)   19,077    16,293,666 
6.88%, 08/04/26   20,362    19,779,647 
6.95%, 01/28/60 (Call 07/28/59)   31,643    20,204,055 
7.69%, 01/23/50 (Call 07/23/49)   64,399    44,853,903 
8.75%, 06/02/29 (Call 04/02/29)   15,227    14,653,888 
10.00%, 02/07/33 (Call 11/07/32)   16,820    16,546,675 
         374,189,616 
Netherlands — 0.1%          
MDGH GMTN RSC Ltd., 3.70%, 11/07/49          
(Call 05/07/49)(a)    16,129    12,278,201 
           
Oman — 0.2%          
EDO Sukuk Ltd., 5.88%, 09/21/33(a)    23,850    24,231,600 
           
Panama — 0.2%          
Aeropuerto Internacional de Tocumen SA, 5.13%, 08/11/61 (Call 08/11/60)(a)    26,233    19,262,105 
Banco Nacional de Panama, 2.50%, 08/11/30          
(Call 05/11/30)(a)    20,200    15,296,450 
         34,558,555 

 

1

 

 

Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan USD Emerging Markets Bond ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Par
(000)		   Value 
           
Peru — 0.3%          
Petroleos del Peru SA          
4.75%, 06/19/32(a)   $23,613   $17,064,643 
5.63%, 06/19/47(a)    47,826    30,536,423 
         47,601,066 
Qatar — 0.9%          
Qatar Energy          
1.38%, 09/12/26 (Call 08/12/26)(a)    19,618    17,925,948 
2.25%, 07/12/31 (Call 04/12/31)(a)    46,907    39,343,246 
3.13%, 07/12/41 (Call 01/12/41)(a)    47,381    35,198,160 
3.30%, 07/12/51 (Call 01/12/51)(a)    53,567    37,383,070 
         129,850,424 
Saudi Arabia — 0.7%          
Gaci First Investment Co.          
4.75%, 02/14/30 (Call 01/14/30)(a)    15,159    14,874,769 
4.88%, 02/14/35 (Call 11/14/34)(a)    17,555    16,633,362 
5.00%, 10/13/27 (Call 09/13/27)(a)    10,904    10,876,740 
5.00%, 01/29/29(a)    3,000    2,978,340 
5.13%, 02/14/53 (Call 08/14/52)(a)    15,512    13,189,078 
5.25%, 10/13/32 (Call 07/13/32)(a)    10,787    10,854,419 
5.25%, 01/29/34(a)    3,000    2,965,875 
5.38%, 01/29/54 (Call 07/29/53)(a)    3,000    2,625,000 
Suci Second Investment Co.          
6.00%, 10/25/28(a)    19,700    20,438,750 
6.25%, 10/25/33(a)    11,000    11,907,500 
         107,343,833 
South Africa — 0.3%          
Eskom Holdings SOC Ltd., 6.35%, 08/10/28(a)    24,378    23,677,133 
Transnet SOC Ltd., 8.25%, 02/06/28(a)    24,650    24,775,715 
         48,452,848 
Supranational — 0.1%          
Sinopec Group Overseas Development 2015 Ltd., 3.25%, 04/28/25(a)    20,474    20,062,473 
           
United Arab Emirates — 1.3%          
Abu Dhabi Crude Oil Pipeline LLC, 4.60%, 11/02/47(a)    24,153    21,450,883 
DP World Crescent Ltd.          
3.88%, 07/18/29(a)    11,008    10,319,450 
4.85%, 09/26/28(a)    10,908    10,732,927 
5.50%, 09/13/33(a)    16,200    16,281,000 
DP World Ltd./United Arab Emirates          
5.63%, 09/25/48(a)    14,001    12,990,128 
6.85%, 07/02/37(a)    18,750    20,156,250 
DP World Salaam, 6.00%, (Call 10/01/25),          
(5-year CMT + 5.750%)(a)(c)(d)    16,523    16,382,554 
MDGH GMTN RSC Ltd.          
2.50%, 05/21/26 (Call 04/21/26)(a)    11,019    10,406,068 
2.88%, 11/07/29 (Call 08/07/29)(a)    10,940    9,863,777 
2.88%, 05/21/30 (Call 02/21/30)(a)    10,497    9,355,451 
3.38%, 03/28/32 (Call 12/28/31)(a)    11,010    9,909,000 
3.40%, 06/07/51 (Call 12/07/50)(a)    9,759    6,953,288 
3.95%, 05/21/50 (Call 11/21/49)(a)    22,022    17,479,962 
4.38%, 11/22/33 (Call 08/22/33)(a)    10,884    10,367,010 
5.50%, 04/28/33 (Call 01/28/33)(a)    10,929    11,297,854 
         193,945,602 
Venezuela — 0.1%          
Petroleos de Venezuela SA          
0.00%, 05/16/24(a)(e)(f)    32,388    3,481,644 
5.38%, 04/12/27(a)(e)(f)    24,185    2,442,685 
5.50%, 04/12/37(a)(e)(f)    22,444    2,435,196 
Security 

Par

(000)

   Value 
           
Venezuela (continued)          
6.00%, 11/15/26(a)(e)(f)   $30,450   $3,273,414 
9.00%, 11/17/21(a)(e)(f)    28,268    3,321,496 
9.75%, 05/17/35(a)(e)(f)    31,912    3,909,143 
12.75%, 02/17/22(a)(e)(f)    14,002    1,729,284 
         20,592,862 
           
Total Corporate Bonds & Notes — 12.9%          
(Cost: $2,340,069,713)        1,978,223,410 
         
Foreign Government Obligations(g)           
           
Angola — 1.1%          
Angolan Government International Bond          
8.00%, 11/26/29(a)    41,961    36,401,168 
8.25%, 05/09/28(a)    41,784    37,605,600 
8.75%, 04/14/32(a)    41,599    35,567,145 
9.13%, 11/26/49(a)    29,951    23,623,851 
9.38%, 05/08/48(a)    42,150    33,720,000 
         166,917,764 
Argentina — 1.7%          
Argentine Republic Government International Bond          
1.00%, 07/09/29 (Call 01/29/24)   30,906    12,424,304 
1.75%, 07/09/30 (Call 01/29/24)(h)    186,366    75,385,020 
4.88%, 07/09/41 (Call 01/29/24)(h)    121,620    40,377,932 
5.00%, 07/09/35 (Call 01/29/24)(h)    238,157    79,663,343 
5.00%, 01/09/38 (Call 01/29/24)(h)    132,799    50,994,840 
5.00%, 07/09/46 (Call 01/29/24)(h)    24,518    8,311,500 
         267,156,939 
Azerbaijan — 0.1%          
Republic of Azerbaijan International Bond, 3.50%, 09/01/32(a)    25,884    22,117,878 
           
Bahrain — 2.4%          
Bahrain Government International Bond          
5.25%, 01/25/33(a)    23,809    20,922,159 
5.45%, 09/16/32(a)    24,042    21,667,853 
5.63%, 09/30/31(a)    23,813    22,146,090 
5.63%, 05/18/34(a)    24,395    21,620,069 
6.00%, 09/19/44(a)    30,198    24,082,905 
6.75%, 09/20/29(a)    29,818    29,929,817 
7.00%, 01/26/26(a)    27,737    28,038,640 
7.00%, 10/12/28(a)    38,435    39,347,831 
7.38%, 05/14/30(a)    23,988    24,737,625 
7.75%, 04/18/35(a)    23,977    24,696,310 
CBB International Sukuk Co. 7 SPC, 6.88%, 10/05/25(a)    23,743    24,069,466 
CBB International Sukuk Programme Co.          
3.88%, 05/18/29(a)    23,598    21,356,190 
3.95%, 09/16/27(a)    24,246    22,882,162 
4.50%, 03/30/27(a)    24,321    23,439,364 
6.25%, 10/18/30(a)    24,095    24,305,831 
         373,242,312 
Bolivia — 0.1%          
Bolivian Government International Bond, 4.50%, 03/20/28(a)    23,698    12,441,450 
           
Brazil — 3.7%          
Brazil Government International Bond, 6.25%, 03/18/31   35,200    36,150,400 
Brazilian Government International Bond 2.88%, 06/06/25   25,077    24,211,844 

 

2

 

 

Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan USD Emerging Markets Bond ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Par
(000)		   Value 
         
Brazil (continued)          
3.75%, 09/12/31  $26,212   $23,001,030 
3.88%, 06/12/30   59,393    53,780,361 
4.50%, 05/30/29 (Call 02/28/29)   35,120    33,592,280 
4.63%, 01/13/28 (Call 10/13/27)   50,926    50,238,499 
4.75%, 01/14/50 (Call 07/14/49)   69,561    51,266,457 
5.00%, 01/27/45   56,735    44,877,385 
5.63%, 01/07/41   39,930    35,976,930 
5.63%, 02/21/47   49,542    42,135,471 
6.00%, 04/07/26   37,889    38,798,336 
6.00%, 10/20/33   39,359    38,847,333 
6.13%, 03/15/34   12,700    12,575,540 
7.13%, 01/20/37   29,065    31,085,017 
7.13%, 05/13/54   16,800    16,783,200 
8.25%, 01/20/34   24,523    28,029,789 
         561,349,872 
Chile — 2.4%          
Chile Government International Bond          
2.45%, 01/31/31 (Call 10/31/30)   23,959    20,748,494 
2.55%, 01/27/32 (Call 10/27/31)   24,462    20,915,010 
2.55%, 07/27/33 (Call 04/27/33)   35,322    29,034,684 
2.75%, 01/31/27 (Call 12/31/26)   22,822    21,566,790 
3.10%, 05/07/41 (Call 11/07/40)   42,365    31,667,838 
3.10%, 01/22/61 (Call 07/22/60)   30,108    19,223,958 
3.24%, 02/06/28 (Call 11/06/27)   29,505    27,941,235 
3.25%, 09/21/71 (Call 03/21/71)   15,548    9,958,494 
3.50%, 01/31/34 (Call 10/31/33)   22,628    19,935,268 
3.50%, 01/25/50 (Call 07/25/49)   36,273    26,733,201 
3.50%, 04/15/53 (Call 10/15/52)   24,002    17,581,465 
3.86%, 06/21/47   16,129    12,846,749 
4.00%, 01/31/52 (Call 07/31/51)   16,438    13,101,086 
4.34%, 03/07/42 (Call 09/07/41)   31,720    27,866,020 
4.85%, 01/22/29 (Call 12/22/28)   13,050    13,134,825 
4.95%, 01/05/36 (Call 10/05/35)   25,805    25,237,100 
5.33%, 01/05/54 (Call 07/05/53)   23,270    22,525,351 
         360,017,568 
China — 1.4%          
China Development Bank, 1.00%, 10/27/25(a)    15,635    14,673,604 
China Government International Bond          
0.55%, 10/21/25(a)    36,150    33,767,715 
1.20%, 10/21/30(a)    33,976    28,505,864 
1.25%, 10/26/26(a)    25,939    23,963,486 
1.75%, 10/26/31(a)    16,678    14,224,666 
2.13%, 12/03/29(a)    33,408    30,338,473 
2.63%, 11/02/27(a)    16,558    15,774,641 
3.50%, 10/19/28(a)    17,250    16,953,472 
Export-Import Bank of China (The)          
2.88%, 04/26/26(a)    17,058    16,503,615 
3.88%, 05/16/26(a)    25,486    25,144,488 
         219,850,024 
Colombia — 3.3%          
Colombia Government International Bond          
3.00%, 01/30/30 (Call 10/30/29)   26,238    21,725,064 
3.13%, 04/15/31 (Call 01/15/31)   42,716    34,087,368 
3.25%, 04/22/32 (Call 01/22/32)   33,436    26,029,926 
3.88%, 04/25/27 (Call 01/25/27)   32,191    30,468,782 
3.88%, 02/15/61 (Call 08/15/60)   21,866    12,758,811 
4.13%, 02/22/42 (Call 08/22/41)   16,826    11,349,137 
4.13%, 05/15/51 (Call 11/15/50)   25,274    15,796,250 
4.50%, 01/28/26 (Call 10/28/25)   25,058    24,549,009 
4.50%, 03/15/29 (Call 12/15/28)   33,525    30,826,238 
Security  Par
(000)		   Value 
         
Colombia (continued)          
5.00%, 06/15/45 (Call 12/15/44)  $74,895   $54,523,560 
5.20%, 05/15/49 (Call 11/15/48)   47,328    34,809,744 
5.63%, 02/26/44 (Call 08/26/43)   41,758    33,134,973 
6.13%, 01/18/41   41,920    36,365,600 
7.38%, 09/18/37   30,559    30,375,646 
7.50%, 02/02/34 (Call 11/02/33)   36,983    37,741,151 
8.00%, 04/20/33 (Call 01/20/33)   27,502    29,160,714 
8.00%, 11/14/35 (Call 08/14/35)   21,000    22,071,000 
8.75%, 11/14/53 (Call 05/14/53)   21,225    23,082,188 
         508,855,161 
Costa Rica — 1.0%          
Costa Rica Government International Bond          
6.13%, 02/19/31(a)    28,130    28,411,300 
6.55%, 04/03/34 (Call 01/03/34)(a)    35,767    36,589,641 
7.00%, 04/04/44(a)    23,842    24,151,946 
7.16%, 03/12/45(a)    31,088    31,942,920 
7.30%, 11/13/54 (Call 05/13/53)(a)    36,005    37,607,222 
         158,703,029 
Dominican Republic — 3.3%          
Dominican Republic International Bond          
4.50%, 01/30/30(a)    45,215    41,213,472 
4.88%, 09/23/32(a)    68,657    61,276,372 
5.30%, 01/21/41(a)    33,621    28,275,261 
5.50%, 02/22/29 (Call 12/22/28)(a)    40,150    38,833,080 
5.88%, 01/30/60(a)    72,378    61,340,355 
5.95%, 01/25/27(a)    38,169    38,188,085 
6.00%, 07/19/28(a)    29,146    29,218,865 
6.00%, 02/22/33 (Call 11/22/32)(a)    39,888    38,487,931 
6.40%, 06/05/49(a)    34,017    31,465,725 
6.50%, 02/15/48(a)    22,733    21,459,952 
6.85%, 01/27/45(a)    45,198    44,181,045 
6.88%, 01/29/26(a)    39,113    39,719,252 
7.45%, 04/30/44(a)    34,015    35,460,638 
         509,120,033 
Ecuador — 1.0%          
Ecuador Government International Bond          
0.00%, 07/31/30(a)(i)    24,940    8,242,709 
6.90%, 07/31/30(a)(h)    83,730    43,951,744 
6.90%, 07/31/35(a)(h)    178,399    72,340,906 
6.90%, 07/31/40(a)(h)    72,013    26,356,601 
         150,891,960 
Egypt — 2.5%          
Egypt Government International Bond          
5.80%, 09/30/27(a)    25,932    19,351,755 
5.88%, 06/11/25(a)    34,414    31,402,775 
5.88%, 02/16/31(a)    34,808    22,668,710 
6.59%, 02/21/28(a)    28,419    21,101,107 
7.05%, 01/15/32(a)    22,766    15,224,763 
7.30%, 09/30/33(a)    26,338    17,383,080 
7.50%, 01/31/27(a)    45,610    37,308,980 
7.50%, 02/16/61(a)    33,709    19,382,675 
7.60%, 03/01/29(a)    39,852    29,291,220 
7.63%, 05/29/32(a)    39,411    26,700,952 
7.90%, 02/21/48(a)    34,266    20,345,438 
8.50%, 01/31/47(a)    57,252    34,923,720 
8.70%, 03/01/49(a)    34,102    21,143,240 
8.88%, 05/29/50(a)    46,542    29,205,105 
Egyptian Financial Co. for Sovereign Taskeek (The), 10.88%, 02/28/26(a)    34,908    34,591,646 
         380,025,166 

 

3

 

 

Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan USD Emerging Markets Bond ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Par
(000)		   Value 
         
El Salvador — 0.4%          
El Salvador Government International Bond          
7.12%, 01/20/50 (Call 07/20/49)(a)   $26,355   $18,777,938 
7.65%, 06/15/35(a)    24,109    18,780,911 
9.50%, 07/15/52 (Call 01/15/52)(a)    24,185    20,305,726 
         57,864,575 
Ghana — 0.8%          
Ghana Government International Bond          
6.38%, 02/11/27(a)(e)(f)    30,375    13,630,781 
7.63%, 05/16/29(a)(e)(f)    24,420    10,805,850 
7.75%, 04/07/29(a)(e)(f)    24,669    10,977,705 
7.88%, 02/11/35(a)(e)(f)    24,473    10,829,303 
8.13%, 01/18/26(a)(e)(f)    24,473    11,624,475 
8.13%, 03/26/32(a)(e)(f)    30,405    13,302,187 
8.63%, 04/07/34(a)(e)(f)    24,474    10,860,338 
8.63%, 06/16/49(a)(e)(f)    24,484    10,589,330 
8.95%, 03/26/51(a)(e)(f)    23,495    10,367,169 
10.75%, 10/14/30(a)    24,031    15,499,995 
         118,487,133 
Guatemala — 0.4%          
Guatemala Government Bond          
6.13%, 06/01/50 (Call 12/01/49)(a)    33,928    30,851,579 
6.60%, 06/13/36 (Call 03/13/36)(a)    24,189    24,515,551 
         55,367,130 
Hungary — 2.8%          
Hungary Government International Bond          
2.13%, 09/22/31(a)    55,064    43,775,880 
3.13%, 09/21/51(a)    50,079    31,925,363 
5.25%, 06/16/29(a)    42,028    41,607,720 
5.50%, 06/16/34(a)    31,521    31,205,790 
5.50%, 03/26/36(b)    41,700    40,912,912 
6.13%, 05/22/28(a)    51,261    52,721,938 
6.25%, 09/22/32(a)    43,833    45,739,735 
6.75%, 09/25/52(a)    31,331    33,563,334 
7.63%, 03/29/41   40,964    47,118,841 
Magyar Export-Import Bank Zrt, 6.13%, 12/04/27(Call 11/04/27)(a)    29,698    30,032,103 
MFB Magyar Fejlesztesi Bank Zrt, 6.50%, 06/29/28(a)    26,459    27,087,401 
         425,691,017 
India — 0.7%          
Export-Import Bank of India          
2.25%, 01/13/31(a)    24,352    20,173,197 
3.25%, 01/15/30(a)    24,102    21,813,756 
3.38%, 08/05/26(a)    24,136    23,171,284 
3.88%, 02/01/28(a)    24,018    23,041,428 
5.50%, 01/18/33(a)    23,885    24,340,009 
         112,539,674 
Indonesia — 4.1%          
Indonesia Government International Bond          
1.85%, 03/12/31   12,502    10,268,643 
2.15%, 07/28/31 (Call 04/28/31)   13,054    10,819,938 
2.85%, 02/14/30   13,104    11,729,521 
3.05%, 03/12/51   20,955    14,932,533 
3.50%, 01/11/28   13,005    12,388,693 
3.55%, 03/31/32 (Call 12/31/31)   10,806    9,846,968 
3.70%, 10/30/49   10,487    8,194,122 
3.85%, 07/18/27(a)    10,725    10,389,844 
3.85%, 10/15/30   17,910    16,904,533 
4.10%, 04/24/28   10,775    10,505,625 
4.20%, 10/15/50   17,221    14,596,692 
Security  Par
(000)		   Value 
         
Indonesia (continued)          
4.35%, 01/08/27(a)   $13,345   $13,165,677 
4.35%, 01/11/48   18,534    16,149,786 
4.45%, 04/15/70   10,828    9,162,654 
4.55%, 01/11/28 (Call 12/11/27)   11,038    10,941,418 
4.63%, 04/15/43(a)    16,283    15,185,689 
4.65%, 09/20/32 (Call 06/20/32)   14,970    14,709,672 
4.75%, 01/08/26(a)    21,920    21,899,450 
4.75%, 02/11/29   12,788    12,784,004 
4.75%, 07/18/47(a)    11,130    10,366,037 
4.85%, 01/11/33 (Call 10/11/32)   12,277    12,278,350 
5.13%, 01/15/45(a)    21,045    20,679,027 
5.25%, 01/17/42(a)    24,240    24,151,766 
5.25%, 01/08/47(a)    15,964    15,846,026 
5.35%, 02/11/49   10,343    10,421,710 
5.95%, 01/08/46(a)    13,348    14,367,253 
6.63%, 02/17/37(a)    15,003    17,028,180 
6.75%, 01/15/44(a)    21,439    25,085,988 
7.75%, 01/17/38(a)    21,017    26,247,291 
8.50%, 10/12/35(a)    16,685    21,525,485 
Perusahaan Penerbit SBSN Indonesia III          
1.50%, 06/09/26(a)    14,105    13,038,309 
2.55%, 06/09/31(a)    10,898    9,332,611 
2.80%, 06/23/30(a)    10,179    9,085,877 
4.15%, 03/29/27(a)    22,042    21,583,967 
4.33%, 05/28/25(a)    17,615    17,510,191 
4.40%, 06/06/27(a)    19,342    19,118,358 
4.40%, 03/01/28(a)    18,393    18,174,583 
4.45%, 02/20/29(a)    13,654    13,450,692 
4.55%, 03/29/26(a)    18,391    18,276,240 
4.70%, 06/06/32(a)    16,133    15,892,780 
5.40%, 11/15/28(a)    10,850    11,118,375 
5.60%, 11/15/33(a)    10,700    11,196,052 
         620,350,610 
Iraq — 0.2%          
Iraq International Bond, 5.80%, 01/15/28(Call 03/17/24)(a)    36,813    34,282,281 
           
Ivory Coast — 0.5%          
Ivory Coast Government International Bond          
6.13%, 06/15/33(a)    29,942    26,872,945 
7.63%, 01/30/33(b)    22,350    22,148,850 
8.25%, 01/30/37(b)    31,375    31,406,375 
         80,428,170 
Jamaica — 0.8%          
Jamaica Government International Bond          
6.75%, 04/28/28   30,317    31,624,421 
7.88%, 07/28/45   42,847    49,809,637 
8.00%, 03/15/39   29,997    35,651,435 
         117,085,493 
Jordan — 0.8%          
Jordan Government International Bond          
5.75%, 01/31/27(a)    23,978    22,898,990 
5.85%, 07/07/30(a)    29,509    26,395,801 
6.13%, 01/29/26(a)    24,137    23,443,061 
7.38%, 10/10/47(a)    24,064    20,454,400 
7.50%, 01/13/29(a)    29,936    29,299,860 
         122,492,112 
Kazakhstan — 0.8%          
Kazakhstan Government International Bond 4.88%, 10/14/44(a)    25,284    23,552,046 

 

4

 

 

Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan USD Emerging Markets Bond ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Par
(000)		   Value 
           
Kazakhstan (continued)          
5.13%, 07/21/25(a)   $54,842   $55,563,172 
6.50%, 07/21/45(a)    37,169    40,941,654 
         120,056,872 
Kenya — 0.5%          
Republic of Kenya Government International Bond          
6.30%, 01/23/34(a)    24,120    18,723,150 
7.25%, 02/28/28(a)    23,862    21,296,835 
8.00%, 05/22/32(a)    28,764    25,168,500 
8.25%, 02/28/48(a)    24,240    19,301,100 
         84,489,585 
Kuwait — 0.7%          
Kuwait International Government Bond, 3.50%, 03/20/27(a)    107,764    105,069,900 
           
Lebanon — 0.1%          
Lebanon Government International Bond          
6.00%, 01/27/23(a)(e)(f)    25,532    1,455,324 
6.10%, 10/04/22(a)    9,000    513,000 
6.10%, 10/04/24(a)(e)(f)    21,875    1,246,875 
6.60%, 11/27/26(a)(e)(f)    39,209    2,234,913 
6.65%, 02/26/30(a)(e)(f)    34,767    1,981,719 
6.75%, 11/29/27(a)(e)(f)    24,978    1,423,746 
6.85%, 03/23/27(a)(e)(f)    30,809    1,756,113 
7.00%, 03/23/32(a)(e)(f)    25,086    1,429,902 
         12,041,592 
Malaysia — 0.3%          
Malaysia Sovereign Sukuk Bhd, 3.04%, 04/22/25(a)    21,647    21,245,448 
Malaysia Sukuk Global Bhd, 3.18%, 04/27/26(a)    24,407    23,755,821 
         45,001,269 
Mexico — 3.5%          
Mexico Government International Bond          
2.66%, 05/24/31 (Call 02/24/31)   28,734    24,136,560 
3.25%, 04/16/30 (Call 01/16/30)   20,120    18,055,688 
3.50%, 02/12/34 (Call 11/12/33)   24,789    20,735,998 
3.75%, 01/11/28   15,515    14,878,885 
3.75%, 04/19/71 (Call 10/19/70)   25,497    16,420,068 
3.77%, 05/24/61 (Call 11/24/60)   27,252    17,822,808 
4.13%, 01/21/26   17,538    17,327,544 
4.15%, 03/28/27   19,290    19,106,745 
4.28%, 08/14/41 (Call 02/14/41)   20,582    16,609,674 
4.35%, 01/15/47   11,995    9,434,068 
4.40%, 02/12/52 (Call 08/12/51)   19,236    14,802,102 
4.50%, 04/22/29   26,819    26,228,982 
4.50%, 01/31/50 (Call 07/31/49)   15,653    12,420,655 
4.60%, 01/23/46   20,706    16,802,919 
4.60%, 02/10/48   16,114    12,947,599 
4.75%, 04/27/32 (Call 01/27/32)   21,886    20,933,959 
4.75%, 03/08/44   32,310    27,027,315 
4.88%, 05/19/33 (Call 02/19/33)   19,005    18,159,277 
5.00%, 05/07/29 (Call 04/07/29)   5,050    5,042,425 
5.00%, 04/27/51 (Call 10/27/50)   20,382    17,212,599 
5.40%, 02/09/28 (Call 01/09/28)   10,049    10,234,907 
5.55%, 01/21/45   24,418    22,781,994 
5.75%, 12/31/99   22,362    19,698,686 
6.00%, 05/07/36 (Call 02/07/36)   15,510    15,711,630 
6.05%, 01/11/40   25,298    25,209,457 
6.34%, 05/04/53 (Call 11/04/52)   25,427    25,274,438 
6.35%, 02/09/35 (Call 11/09/34)   24,589    25,575,019 
6.40%, 05/07/54 (Call 11/07/53)   13,700    13,735,620 
Security   Par
(000)		   Value 
            
Mexico (continued)           
6.75%, 09/27/34   $15,508   $16,593,560 
8.30%, 08/15/31    9,426    11,292,348 
          532,213,529 
Morocco — 0.7%           
Morocco Government International Bond           
3.00%, 12/15/32(a)     24,106    19,417,383 
4.00%, 12/15/50(a)     30,257    20,618,633 
5.95%, 03/08/28(a)     29,970    30,569,400 
6.50%, 09/08/33(a)     30,227    31,247,161 
          101,852,577 
Nigeria — 1.9%           
Nigeria Government International Bond           
6.13%, 09/28/28(a)     29,783    25,873,981 
6.50%, 11/28/27(a)     35,934    32,538,237 
7.14%, 02/23/30(a)     30,166    26,319,835 
7.38%, 09/28/33(a)     35,954    29,572,165 
7.63%, 11/21/25(a)     26,873    26,402,722 
7.63%, 11/28/47(a)     35,917    27,252,024 
7.70%, 02/23/38(a)     30,188    23,794,182 
7.88%, 02/16/32(a)     35,992    31,223,060 
8.25%, 09/28/51(a)     29,901    23,771,295 
8.38%, 03/24/29(a)     29,922    28,014,472 
8.75%, 01/21/31(a)     23,982    22,213,328 
          296,975,301 
Oman — 3.4%           
Oman Government International Bond           
4.75%, 06/15/26(a)     56,546    55,697,810 
5.38%, 03/08/27(a)     38,679    38,727,349 
5.63%, 01/17/28(a)     56,173    56,826,011 
6.00%, 08/01/29(a)     51,684    52,782,285 
6.25%, 01/25/31(a)     39,120    40,452,036 
6.50%, 03/08/47(a)     47,530    46,811,109 
6.75%, 10/28/27(a)     32,305    33,839,488 
6.75%, 01/17/48(a)     64,781    65,266,857 
7.00%, 01/25/51(a)     23,911    24,625,939 
7.38%, 10/28/32(a)     24,460    27,211,750 
Oman Sovereign Sukuk Co.           
4.88%, 06/15/30(a)     41,345    40,621,462 
5.93%, 10/31/25(a)     30,385    30,612,888 
          513,474,984 
Pakistan — 0.6%           
Pakistan Global Sukuk Programme Co. Ltd. (The), 7.95%, 01/31/29(a)     24,126    19,544,714 
Pakistan Government International Bond           
6.00%, 04/08/26(a)     31,081    23,992,201 
6.88%, 12/05/27(a)     35,650    25,582,797 
7.38%, 04/08/31(a)     33,930    21,888,582 
          91,008,294 
Panama — 2.6%           
Panama Government International Bond           
2.25%, 09/29/32 (Call 06/29/32)    49,678    35,147,185 
3.16%, 01/23/30 (Call 10/23/29)    30,522    25,501,131 
3.30%, 01/19/33 (Call 10/19/32)    19,523    14,983,903 
3.75%, 03/16/25 (Call 12/16/24)    21,040    20,509,792 
3.87%, 07/23/60 (Call 01/23/60)    57,592    32,193,928 
3.88%, 03/17/28 (Call 12/17/27)    24,923    22,754,699 
4.30%, 04/29/53    34,030    21,489,945 
4.50%, 05/15/47 (Call 11/15/46)    22,732    15,321,368 
4.50%, 04/16/50 (Call 10/16/49)    49,394    32,612,388 
4.50%, 04/01/56 (Call 10/01/55)    49,297    31,328,243 

 

5

 

 

Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan USD Emerging Markets Bond ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Par
(000)		   Value 
           
Panama (continued)          
4.50%, 01/19/63 (Call 07/19/62)  $29,251   $18,120,995 
6.40%, 02/14/35 (Call 11/14/34)   45,084    42,424,044 
6.70%, 01/26/36   39,938    38,282,570 
6.85%, 03/28/54 (Call 09/28/53)   27,209    24,216,010 
6.88%, 01/31/36 (Call 10/31/35)    19,750    19,011,350 
         393,897,551 
Paraguay — 0.5%          
Paraguay Government International Bond          
4.95%, 04/28/31 (Call 01/28/31)(a)    23,914    23,005,268 
5.40%, 03/30/50 (Call 09/30/49)(a)    28,300    24,366,300 
6.10%, 08/11/44(a)    24,058    22,903,216 
         70,274,784 
Peru — 2.6%          
Peruvian Government International Bond          
1.86%, 12/01/32 (Call 09/01/32)   23,552    18,146,816 
2.78%, 01/23/31 (Call 10/23/30)   82,046    70,846,721 
2.78%, 12/01/60 (Call 06/01/60)   47,630    28,149,330 
3.00%, 01/15/34 (Call 10/15/33)   52,981    44,127,875 
3.23%, 12/31/99 (Call 01/28/21)   24,024    14,114,100 
3.30%, 03/11/41 (Call 09/11/40)   29,607    22,368,089 
3.55%, 03/10/51 (Call 09/10/50)   41,798    30,470,742 
3.60%, 01/15/72 (Call 07/15/71)   23,836    16,065,464 
5.63%, 11/18/50   60,097    60,487,630 
6.55%, 03/14/37   26,592    29,211,312 
8.75%, 11/21/33   50,776    63,216,120 
         397,204,199 
Philippines — 3.5%          
Philippine Government International Bond          
1.65%, 06/10/31   23,041    18,522,660 
2.46%, 05/05/30   17,940    15,669,469 
2.65%, 12/10/45   28,025    18,673,058 
2.95%, 05/05/45   24,779    17,502,895 
3.00%, 02/01/28   36,435    34,207,364 
3.20%, 07/06/46   41,071    29,678,315 
3.70%, 03/01/41   36,906    30,497,642 
3.70%, 02/02/42   36,972    30,198,730 
3.75%, 01/14/29   27,397    26,290,435 
3.95%, 01/20/40   36,876    31,993,986 
4.20%, 03/29/47   17,754    15,026,275 
5.00%, 07/17/33   23,023    23,284,541 
5.00%, 01/13/37   24,081    24,023,446 
5.50%, 03/30/26   19,109    19,365,777 
5.50%, 01/17/48   22,941    23,373,667 
6.38%, 01/15/32   18,777    20,596,022 
6.38%, 10/23/34   34,660    38,433,088 
7.75%, 01/14/31   31,817    37,225,890 
9.50%, 02/02/30   36,523    45,379,828 
10.63%, 03/16/25   22,251    23,579,107 
ROP Sukuk Trust          
5.05%, 06/06/29(b)    17,375    17,597,617 
5.05%, 06/06/29(a)    650    658,328 
         541,778,140 
Poland — 2.0%          
Bank Gospodarstwa Krajowego          
5.38%, 05/22/33 (a)   41,926    42,026,622 
6.25%, 10/31/28(a)    24,475    25,698,750 
Republic of Poland Government International Bond          
3.25%, 04/06/26   42,684    41,554,155 
4.88%, 10/04/33 (Call 07/04/33)   59,951    59,636,257 
5.50%, 11/16/27 (Call 08/16/27)   35,895    37,042,922 
Security   Par
(000)		     Value  
                 
Poland (continued)                
5.50%, 04/04/53 (Call 10/04/52)   $ 59,743     $ 60,391,212  
5.75%, 11/16/32 (Call 08/16/32)     36,624       38,836,822  
              305,186,740  
Qatar — 3.2%                
Qatar Government International Bond                
3.25%, 06/02/26(a)      46,908       45,500,760  
3.40%, 04/16/25(a)      21,970       21,530,600  
3.75%, 04/16/30(a)      40,278       38,918,618  
4.00%, 03/14/29(a)      53,835       53,027,475  
4.40%, 04/16/50(a)      67,019       58,527,693  
4.50%, 04/23/28(a)      40,351       40,507,360  
4.63%, 06/02/46(a)      27,076       24,842,230  
4.82%, 03/14/49(a)      80,360       74,835,250  
5.10%, 04/23/48(a)      80,892       77,989,999  
5.75%, 01/20/42(a)      13,651       14,589,506  
6.40%, 01/20/40(a)      13,339       15,089,744  
9.75%, 06/15/30(a)      19,079       24,588,061  
              489,947,296  
Romania — 2.6%                
Romanian Government International Bond                
3.00%, 02/27/27(a)      32,394       30,215,503  
3.00%, 02/14/31(a)      31,660       26,831,850  
3.63%, 03/27/32(a)      25,974       22,402,575  
4.00%, 02/14/51(a)      47,902       34,429,562  
5.13%, 06/15/48(a)      28,488       24,464,070  
5.25%, 11/25/27(a)      23,886       23,602,712  
5.88%, 01/30/29(b)      41,028       41,401,355  
6.00%, 05/25/34(a)      24,292       24,219,124  
6.13%, 01/22/44(a)      24,322       23,842,857  
6.38%, 01/30/34(b)      39,438       40,230,704  
6.63%, 02/17/28(a)      34,500       35,750,625  
7.13%, 01/17/33(a)      38,306       41,278,546  
7.63%, 01/17/53(a)      30,104       33,565,960  
              402,235,443  
Saudi Arabia — 5.3%                
KSA Sukuk Ltd.                
2.25%, 05/17/31(a)      17,285       14,541,006  
2.97%, 10/29/29(a)      23,819       21,645,516  
3.63%, 04/20/27(a)      38,441       37,095,565  
4.27%, 05/22/29(a)      26,421       25,892,580  
4.30%, 01/19/29(a)      17,551       17,265,796  
4.51%, 05/22/33(a)      28,271       27,458,209  
5.27%, 10/25/28(a)      21,962       22,483,598  
Saudi Government International Bond                
2.25%, 02/02/33(a)      25,233       20,375,648  
2.50%, 02/03/27(a)      11,261       10,529,035  
2.75%, 02/03/32(a)      9,236       7,908,325  
2.90%, 10/22/25(a)      20,449       19,733,285  
3.25%, 10/26/26(a)      43,708       41,850,410  
3.25%, 10/22/30(a)      13,859       12,594,366  
3.25%, 11/17/51(a)      12,437       8,239,513  
3.45%, 02/02/61(a)      22,774       14,916,970  
3.63%, 03/04/28(a)      43,065       41,288,569  
3.75%, 01/21/55(a)      26,604       18,789,075  
4.00%, 04/17/25(a)      34,189       33,633,429  
4.38%, 04/16/29(a)      34,737       34,042,260  
4.50%, 04/17/30(a)      27,082       26,506,507  
4.50%, 10/26/46(a)      58,656       50,004,240  
4.50%, 04/22/60(a)      28,881       23,538,015  
4.63%, 10/04/47(a)      42,523       36,569,780  

 

6

 

 

Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan USD Emerging Markets Bond ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Par
(000)		   Value 
           
Saudi Arabia (continued)          
4.75%, 01/18/28(a)   $28,482   $28,517,602 
4.75%, 01/16/30(b)    23,800    23,673,265 
4.88%, 07/18/33(a)    33,056    32,890,720 
5.00%, 01/16/34(b)    24,250    24,128,750 
5.00%, 04/17/49(a)    31,280    28,312,310 
5.00%, 01/18/53(a)    29,587    26,295,446 
5.25%, 01/16/50(a)    32,291    30,125,081 
5.50%, 10/25/32(a)    21,396    22,227,770 
5.75%, 01/16/54(b)    25,900    25,361,927 
         808,434,568 
Senegal — 0.3%          
Senegal Government International Bond          
6.25%, 05/23/33(a)    26,346    22,723,425 
6.75%, 03/13/48(a)    24,424    18,195,880 
         40,919,305 
Serbia — 0.3%          
Serbia International Bond          
2.13%, 12/01/30(a)    29,402    23,448,095 
6.50%, 09/26/33(a)    24,023    24,538,894 
         47,986,989 
South Africa — 2.6%          
Republic of South Africa Government          
International Bond          
4.30%, 10/12/28   47,917    43,876,399 
4.85%, 09/27/27   23,967    23,023,899 
4.85%, 09/30/29   47,979    43,610,512 
4.88%, 04/14/26   29,510    28,772,250 
5.00%, 10/12/46   24,201    16,759,192 
5.38%, 07/24/44   23,858    17,759,299 
5.65%, 09/27/47   36,391    27,135,859 
5.75%, 09/30/49   71,607    53,064,367 
5.88%, 09/16/25   47,589    47,529,514 
5.88%, 06/22/30   33,426    31,405,398 
5.88%, 04/20/32   34,014    31,204,444 
7.30%, 04/20/52   38,488    33,984,904 
         398,126,037 
Sri Lanka — 0.7%          
Sri Lanka Government International Bond          
6.20%, 05/11/27(a)(e)(f)    35,960    18,253,656 
6.75%, 04/18/28(a)(e)(f)    30,025    15,318,755 
6.83%, 07/18/26(a)(e)(f)    24,029    12,579,182 
6.85%, 03/14/24(a)(e)(f)    23,998    12,307,614 
6.85%, 11/03/25(a)(e)(f)    36,000    18,768,960 
7.55%, 03/28/30(a)(e)(f)    35,682    17,934,130 
7.85%, 03/14/29(a)(e)(f)    33,597    16,894,587 
         112,056,884 
Trinidad And Tobago — 0.1%          
Trinidad & Tobago Government International Bond, 4.50%, 08/04/26(a)    24,000    23,400,000 
           
Turkey — 4.9%          
Hazine Mustesarligi Varlik Kiralama AS          
5.13%, 06/22/26(a)    26,980    25,883,938 
7.25%, 02/24/27(a)    33,215    33,298,037 
8.51%, 01/14/29(a)    26,950    27,926,937 
9.76%, 11/13/25(a)    27,005    28,390,356 
Turkey Government International Bond          
4.25%, 03/13/25   18,103    17,668,528 
4.25%, 04/14/26   16,455    15,673,388 
4.75%, 01/26/26   18,154    17,545,841 
Security  Par
(000)		   Value 
           
Turkey (continued)          
4.88%, 10/09/26  $31,639   $30,199,425 
4.88%, 04/16/43   32,346    21,833,550 
5.13%, 02/17/28   21,635    20,120,550 
5.25%, 03/13/30   21,485    19,003,483 
5.75%, 05/11/47   37,139    27,128,183 
5.88%, 06/26/31   18,655    16,756,854 
5.95%, 01/15/31   24,157    21,934,556 
6.00%, 03/25/27   33,954    32,986,311 
6.00%, 01/14/41   32,053    25,458,095 
6.13%, 10/24/28   29,596    28,392,923 
6.38%, 10/14/25   26,371    26,305,073 
6.50%, 09/20/33   16,553    15,096,336 
6.63%, 02/17/45   31,893    26,351,591 
6.75%, 05/30/40   21,489    18,587,985 
6.88%, 03/17/36   29,497    26,768,527 
7.25%, 03/05/38   10,630    9,885,900 
7.63%, 04/26/29   32,206    32,342,875 
8.00%, 02/14/34   15,685    15,811,264 
8.60%, 09/24/27   20,866    21,883,218 
9.13%, 07/13/30   26,774    28,514,310 
9.38%, 03/14/29   24,452    26,285,900 
9.38%, 01/19/33   29,631    32,149,635 
9.88%, 01/15/28   36,573    39,754,851 
11.88%, 01/15/30   16,029    19,491,264 
         749,429,684 
Ukraine — 0.6%          
Ukraine Government International Bond          
6.88%, 05/21/31(a)(e)(f)    42,502    9,244,185 
7.25%, 03/15/35(a)(e)(f)    62,196    14,071,845 
7.38%, 09/25/34(a)(e)(f)    72,202    16,317,652 
7.75%, 09/01/25(a)(e)(f)    32,364    8,851,554 
7.75%, 09/01/26(a)(e)(f)    31,892    8,283,947 
7.75%, 09/01/27(a)(e)(f)    32,237    8,123,724 
7.75%, 09/01/28(a)(e)(f)    31,566    7,891,500 
7.75%, 09/01/29(a)(e)(f)    31,687    7,858,376 
9.75%, 11/01/30(a)(e)(f)    38,610    10,193,040 
         90,835,823 
United Arab Emirates — 3.2%          
Abu Dhabi Government International Bond          
1.63%, 06/02/28(a)    21,187    18,909,397 
1.70%, 03/02/31(a)    16,416    13,707,360 
1.88%, 09/15/31(a)    19,295    16,135,444 
2.50%, 04/16/25(a)    27,874    27,037,780 
2.50%, 09/30/29(a)    32,578    29,564,535 
2.70%, 09/02/70(a)    16,222    9,517,447 
3.00%, 09/15/51(a)    13,802    9,385,360 
3.13%, 05/03/26(a)    27,106    26,191,172 
3.13%, 10/11/27(a)    44,552    42,547,160 
3.13%, 04/16/30(a)    32,677    30,389,610 
3.13%, 09/30/49(a)    42,899    29,868,429 
3.88%, 04/16/50(a)    43,202    34,615,602 
4.13%, 10/11/47(a)    32,315    27,184,994 
Emirate of Dubai Government International Bond, 5.25%, 01/30/43(a)    10,779    10,118,786 
Emirate of Dubai Government International Bonds, 3.90%, 09/09/50(a)    13,730    10,005,737 
Finance Department Government of Sharjah          
4.00%, 07/28/50(a)    10,925    7,019,313 
6.50%, 11/23/32(a)    10,810    11,161,325 
RAK Capital, 3.09%, 03/31/25(a)    8,014    7,743,528 

 

7

 

 

Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan USD Emerging Markets Bond ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  

Par

(000)

   Value 
United Arab Emirates (continued)           
Sharjah Sukuk Program Ltd.           
2.94%, 06/10/27(a)    $10,942   $10,093,995 
3.23%, 10/23/29(a)     10,800    9,639,000 
3.85%, 04/03/26(a)     10,749    10,372,785 
4.23%, 03/14/28(a)     12,415    11,856,325 
UAE International Government Bond           
2.00%, 10/19/31(a)     11,350    9,519,813 
2.88%, 10/19/41(a)     10,947    8,018,678 
3.25%, 10/19/61(a)     21,438    14,711,827 
4.05%, 07/07/32(a)     18,760    18,173,750 
4.92%, 09/25/33(a)     15,800    16,376,305 
4.95%, 07/07/52(a)     13,477    12,803,150 
          482,668,607 
Uruguay — 2.1%           
Uruguay Government International Bond           
4.38%, 10/27/27    33,953    33,918,991 
4.38%, 01/23/31 (Call 10/23/30)    49,485    48,710,207 
4.98%, 04/20/55    62,151    58,390,837 
5.10%, 06/18/50    94,042    91,493,916 
5.75%, 10/28/34 (Call 07/28/34)    52,822    56,598,442 
7.63%, 03/21/36    25,352    30,898,197 
          320,010,590 
Zambia — 0.2%           
Zambia Government International Bond           
8.50%, 04/14/24(a)(e)(f)     23,929    15,075,270 
8.97%, 07/30/27(a)(e)(f)     30,124    18,789,845 
          33,865,115 
            
Total Foreign Government Obligations — 85.3%           
(Cost: $15,770,918,908)         13,045,719,009 
            
Total Long-Term Investments — 98.2%           
(Cost: $18,110,988,621)         15,023,942,419 
         
Security  Shares   Value 
         
Short-Term Securities          
           
Money Market Funds — 0.3%          
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.32%(j)(k)    36,770,000   $36,770,000 
           
Total Short-Term Securities — 0.3%          
(Cost: $36,770,000)        36,770,000 
           
Total Investments — 98.5%          
(Cost: $18,147,758,621)        15,060,712,419 
           
Other Assets Less Liabilities — 1.5%        235,807,428 
           
Net Assets — 100.0%       $15,296,519,847 

 

(a) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

(b) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(c) Perpetual security with no stated maturity date.

(d) Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

(e) Issuer filed for bankruptcy and/or is in default.

(f) Non-income producing security.

(g) U.S. dollar denominated security issued by foreign domiciled entity.

(h) Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

(i) Zero-coupon bond.

(j) Affiliate of the Fund.

(k) Annualized 7-day yield as of period end.

 

Affiliates

 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer  Value at
10/31/23		   Purchases
at Cost		   Proceeds
from Sale		   Net Realized
Gain (Loss)		   Change in
Unrealized
Appreciation
(Depreciation)		   Value at
01/31/24		   Shares
Held at
01/31/24		   Income   Capital
Gain
Distributions
from
Underlying
Funds		 
BlackRock Cash Funds: Treasury, SL Agency Shares  $46,700,000   $—   $(9,930,000)(a)   $—   $—   $36,770,000    36,770,000   $669,962   $— 

 

(a) Represents net amount purchased (sold).

 

Fair Value Hierarchy as of Period End

 

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

●Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

 

●Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

 

8

 

 

Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan USD Emerging Markets Bond ETF
January 31, 2024

 

Fair Value Hierarchy as of Period End (continued)

 

●Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).

 

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

 

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

 

 

   Level 1   Level 2   Level 3   Total 
Assets                    
Investments                    
Long-Term Investments                    
Corporate Bonds & Notes  $—   $1,978,223,410   $—   $1,978,223,410 
Foreign Government Obligations   —    13,045,719,009    —    13,045,719,009 
Short-Term Securities                    
Money Market Funds   36,770,000    —    —    36,770,000 
   $36,770,000   $15,023,942,419   $—   $15,060,712,419 

 

Portfolio Abbreviation
 
CJSC Closed Joint Stock Company
CMT Constant Maturity Treasury

 

Currency Abbreviation
 
USD United States Dollar
   

 

9