UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-09102

iShares, Inc.

(Exact name of Registrant as specified in charter)

c/o: State Street Bank and Trust Company

200 Clarendon Street, Boston, MA 02116

(Address of principal executive offices) (Zip code)

The Corporation Trust Incorporated

351 West Camden Street, Baltimore, MD 21201

(Name and address of agent for service)

Registrant’s telephone number, including area code: (415) 670-2000

Date of fiscal year end: October 31, 2013

Date of reporting period: July 31, 2013

Item 1. Schedules of Investments.

Schedule of Investments(Unaudited)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)		Value
CORPORATE BONDS & NOTESa — 50.78%
BRAZIL — 10.85%
Banco Bradesco SA
5.90%, 01/16/21b	$	200	$	203,500
6.75%, 09/29/19b		150		164,625
Banco BTG Pactual SA
4.00%, 01/16/20b		200		171,000
Banco Santander Brasil SA
4.50%, 04/06/15b		200		205,500
Banco Votorantim SA
7.38%, 01/21/20b		100		107,000
Braskem Finance Ltd.
7.00%, 05/07/20b		100		106,500
7.25%, 06/05/18b		100		110,250
CSN Resources SA
6.50%, 07/21/20b		100		93,750
Fibria Overseas Finance Ltd.
7.50%, 05/04/20 (Call 05/04/15)b		100		109,500
Gerdau Trade Inc.
5.75%, 01/30/21b		100		98,750
GTL Trade Finance Inc.
7.25%, 10/20/17b		200		221,500
Itau Unibanco Holding SA
5.50%, 08/06/22b		200		189,000
5.75%, 01/22/21b		200		198,000
6.20%, 04/15/20b		200		207,000
JBS USA LLC
7.25%, 06/01/21 (Call 06/01/15)b		86		88,150
8.25%, 02/01/20 (Call 02/01/15)b		63		66,780
Marfrig Holding Europe BV
9.88%, 07/24/17 (Call 01/24/16)b		200		202,000
Odebrecht Drilling Norbe VIII/IX Ltd.
6.35%, 06/30/21 (Call 06/30/20)b		94		94,822
Odebrecht Finance Ltd.
4.38%, 04/25/25b		200		177,500
OGX Austria GmbH
8.38%, 04/01/22 (Call 04/01/17)b		200		40,000
Telemar Norte Leste SA
5.50%, 10/23/20b		300		282,000
Vale Overseas Ltd.
4.38%, 01/11/22		200		189,455
4.63%, 09/15/20		175		174,276
5.63%, 09/15/19		75		81,372
6.25%, 01/23/17		75		83,355
6.88%, 11/21/36		169		166,855
6.88%, 11/10/39		100		98,318
8.25%, 01/17/34		50		57,247
Vale SA
5.63%, 09/11/42		135		115,980
Voto Votorantim Overseas Trading Co.
6.63%, 09/25/19b		200		214,500
				4,318,485
CHILE — 0.47%
Celulosa Arauco y Constitucion SA
4.75%, 01/11/22		37		36,335

Security	Principal (000s)		Value
Cencosud SA
5.50%, 01/20/21b	$	150	$	152,163
				188,498
CHINA — 4.56%
Agile Property Holdings Ltd.
8.88%, 04/28/17 (Call 04/28/14)b		200		210,760
Baidu Inc.
2.25%, 11/28/17		200		195,626
China Overseas Finance II Ltd.
5.50%, 11/10/20b		200		207,703
CNOOC Finance 2013 Ltd.
1.75%, 05/09/18		200		193,380
Country Garden Holdings Co. Ltd.
7.50%, 01/10/23 (Call 01/10/18)b		200		185,500
Evergrande Real Estate Group Ltd.
13.00%, 01/27/15b		100		106,000
Industrial & Commercial Bank of China (Asia) Ltd.
5.13%, 11/30/20b		100		103,690
Longfor Properties Co. Ltd.
9.50%, 04/07/16 (Call 04/07/14)b		200		215,500
Shimao Property Holdings Ltd.
9.65%, 08/03/17 (Call 08/03/14)b		200		216,905
Sinopec Capital 2013 Ltd.
3.13%, 04/24/23b		200		180,248
				1,815,312
COLOMBIA — 1.44%
Banco Davivienda SA
2.95%, 01/29/18b		200		189,000
Bancolombia SA
5.13%, 09/11/22		50		46,500
6.13%, 07/26/20		147		149,205
Grupo Aval Ltd.
4.75%, 09/26/22b		200		189,250
				573,955
HONG KONG — 4.13%
Bank of China Hong Kong Ltd.
5.55%, 02/11/20b		200		213,102
Bank of East Asia Ltd.
6.13%, 07/16/20		100		107,954
CITIC Pacific Ltd.
6.63%, 04/15/21b		200		187,851
Hongkong Land Finance Co. Ltd.
4.50%, 10/07/25		100		96,631
Hutchison Whampoa Finance (CI) Ltd.
7.45%, 08/01/17b		100		119,179
Hutchison Whampoa International Ltd.
4.63%, 09/11/15b		100		106,738
5.75%, 09/11/19b		200		225,557
7.45%, 11/24/33b		100		127,336
7.63%, 04/09/19b		200		243,153
Li & Fung Ltd.
5.25%, 05/13/20b		100		104,003
Swire Pacific MTN Financing Ltd.
5.50%, 08/19/19b		100		111,018
				1,642,522

1

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)		Value
INDIA — 3.01%
Axis Bank Ltd.
4.75%, 05/02/16b	$	100	$	103,929
Bharti Airtel International Netherlands BV
5.13%, 03/11/23b		200		186,000
ICICI Bank Ltd.
5.00%, 01/15/16b		116		121,096
5.75%, 11/16/20b		100		102,417
6.38%, 04/30/22 (Call 04/30/17)b,c		100		97,750
Reliance Holdings USA Inc.
5.40%, 02/14/22b		250		259,623
State Bank of India
4.50%, 07/27/15b		100		104,124
Vedanta Resources PLC
9.50%, 07/18/18b		200		224,500
				1,199,439
ISRAEL — 0.35%
Teva Pharmaceutical Finance Co. BV
2.95%, 12/18/22		150		141,006
				141,006
JAMAICA — 0.77%
Digicel Group Ltd.
10.50%, 04/15/18 (Call 04/15/14)b		100		108,500
Digicel Ltd.
6.00%, 04/15/21b		200		196,000
				304,500
KAZAKHSTAN — 0.27%
Halyk Savings Bank of Kazakhstan JSC
7.25%, 05/03/17b		100		105,770
				105,770
KUWAIT — 0.30%
Kuwait Projects Co.
9.38%, 07/15/20		100		119,500
				119,500
MEXICO — 6.02%
America Movil SAB de CV
3.13%, 07/16/22		400		372,646
5.00%, 10/16/19		125		136,880
5.00%, 03/30/20		200		216,262
5.75%, 01/15/15		60		63,934
6.13%, 03/30/40		100		106,856
6.38%, 03/01/35		100		108,940
BBVA Bancomer SA Texas Agency
7.25%, 04/22/20b		300		328,500
Cemex Espana SA (Luxembourg)
9.25%, 05/12/20 (Call 05/12/15)b		170		185,725
9.88%, 04/30/19 (Call 04/30/16)b		150		166,875
Cemex Finance LLC
9.50%, 12/14/16 (Call 12/14/13)b		100		106,500
Cemex SAB de CV
9.00%, 01/11/18 (Call 01/11/15)b		200		217,500
Grupo Bimbo SAB de CV
4.50%, 01/25/22b		100		102,886

Security	Principal (000s)		Value
Grupo Televisa SAB de CV CPO
6.63%, 01/15/40	$	56	$	60,806
NII Capital Corp.
7.63%, 04/01/21 (Call 04/01/16)		100		80,250
8.88%, 12/15/19 (Call 12/15/14)		50		43,750
10.00%, 08/15/16 (Call 08/15/13)		100		100,250
				2,398,560
PERU — 1.07%
Banco de Credito del Peru
5.38%, 09/16/20b		100		103,000
6.13%, 04/24/27b,c		100		100,000
Southern Copper Corp.
5.25%, 11/08/42		90		71,568
6.75%, 04/16/40		48		45,913
7.50%, 07/27/35		100		104,340
				424,821
QATAR — 0.97%
CBQ Finance Ltd.
5.00%, 11/18/14b		100		104,250
Ras Laffan Liquefied Natural Gas Co. Ltd. III
6.33%, 09/30/27b		250		283,552
				387,802
RUSSIA — 6.27%
Alfa Bank OJSC Via Alfa Bond Issuance PLC
7.88%, 09/25/17b		300		329,475
ALROSA Finance SA
7.75%, 11/03/20b		200		218,500
Evraz Group SA
9.50%, 04/24/18b		200		214,760
LUKOIL International Finance BV
3.42%, 04/24/18b		200		197,040
6.66%, 06/07/22b		120		132,024
7.25%, 11/05/19b		100		114,400
Metalloinvest Finance Ltd.
5.63%, 04/17/20b		200		187,000
Severstal OAO Via Steel Capital SA
6.70%, 10/25/17b		200		211,000
TNK-BP Finance SA
6.63%, 03/20/17b		119		130,448
7.25%, 02/02/20b		100		114,250
7.88%, 03/13/18b		100		116,000
Vimpel Communications Via VIP Finance Ireland Ltd. OJSC
6.49%, 02/02/16b		200		209,500
9.13%, 04/30/18b		100		115,500
VimpelCom Holdings BV
7.50%, 03/01/22b		200		207,500
				2,497,397
SINGAPORE — 2.32%
DBS Bank Ltd.
2.35%, 02/28/17b		200		202,943
Flextronics International Ltd.
4.63%, 02/15/20b		100		99,500
Noble Group Ltd.
6.75%, 01/29/20b		100		102,625
Oversea-Chinese Banking Corp. Ltd.
3.75%, 11/15/22 (Call 11/15/17)b,c		100		101,808

2

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)		Value
4.25%, 11/18/19 (Call 11/18/14)c	$	100	$	102,953
PSA International Pte Ltd.
3.88%, 02/11/21b		100		101,453
SingTel Group Treasury Pte Ltd.
4.50%, 09/08/21b		200		210,352
				921,634
SOUTH AFRICA — 0.48%
AngloGold Ashanti Holdings PLC
5.13%, 08/01/22		50		39,828
5.38%, 04/15/20		50		42,382
Standard Bank PLC
8.13%, 12/02/19		100		109,000
				191,210
SOUTH KOREA — 3.56%
GS Caltex Corp.
5.50%, 04/24/17b		100		108,654
Hana Bank
4.00%, 11/03/16b		200		212,443
Hyundai Capital America
2.13%, 10/02/17b		50		48,796
Hyundai Capital Services Inc.
6.00%, 05/05/15b		200		215,017
Korea Electric Power Corp.
3.00%, 10/05/15b		100		102,927
POSCO
4.25%, 10/28/20b		200		201,311
Shinhan Bank
4.38%, 09/15/15b		200		211,520
Woori Bank Co. Ltd.
4.75%, 01/20/16b		200		213,432
6.21%, 05/02/37 (Call 05/02/17)b,c		100		105,000
				1,419,100
THAILAND — 0.81%
Bangkok Bank PCL
4.80%, 10/18/20b		100		105,001
PTTEP Canada International Finance Ltd.
5.69%, 04/05/21b		200		218,234
				323,235
TURKEY — 2.34%
Akbank TAS
5.00%, 10/24/22b		200		181,000
Turkiye Garanti Bankasi AS
5.25%, 09/13/22b		200		181,000
Turkiye Is Bankasi AS
3.88%, 11/07/17b		200		192,000
Turkiye Vakiflar Bankasi Tao
5.75%, 04/24/17b		200		203,340
Yapi ve Kredi Bankasi AS
4.00%, 01/22/20b		200		175,500
				932,840
UKRAINE — 0.26%
Metinvest BV
10.25%, 05/20/15b		100		103,020
				103,020

Security	Principal (000s)		Value
UNITED ARAB EMIRATES — 0.53%
International Petroleum Investment Co.
3.75%, 03/01/17b	$	200	$	210,500
				210,500
TOTAL CORPORATE BONDS & NOTES
(Cost: $21,181,380)				20,219,106
FOREIGN AGENCY OBLIGATIONSa — 47.35%
BRAZIL — 7.08%
Banco do Brasil SA
5.38%, 01/15/21b		200		195,000
5.88%, 01/19/23b		200		192,900
Banco Nacional de Desenvolvimento Economico e Social
6.37%, 06/16/18b		100		109,630
6.50%, 06/10/19b		100		110,000
Caixa Economica Federal
2.38%, 11/06/17b		150		140,250
Centrais Eletricas Brasileiras SA
6.88%, 07/30/19b		200		213,000
Petrobras Global Finance BV
4.38%, 05/20/23		100		90,062
5.63%, 05/20/43		100		84,125
Petrobras International Finance Co.
2.88%, 02/06/15		100		101,574
3.50%, 02/06/17		75		75,613
3.88%, 01/27/16		200		206,344
5.38%, 01/27/21		375		373,438
5.75%, 01/20/20		250		258,239
5.88%, 03/01/18		100		106,936
6.75%, 01/27/41		125		120,546
6.88%, 01/20/40		125		122,171
7.88%, 03/15/19		200		228,959
8.38%, 12/10/18		75		88,703
				2,817,490
CHILE — 1.61%
Banco del Estado de Chile
4.13%, 10/07/20b		150		153,282
Corporacion Nacional del Cobre de Chile
3.75%, 11/04/20b		100		99,598
4.25%, 07/17/42b		200		166,133
7.50%, 01/15/19b		100		121,208
Empresa Nacional del Petroleo
4.75%, 12/06/21b		100		99,699
				639,920
CHINA — 2.70%
Amber Circle Funding Ltd.
3.25%, 12/04/22b		200		183,174
CNOOC Finance 2012 Ltd.
5.00%, 05/02/42b		200		192,182
CNPC HK Overseas Capital Ltd.
4.50%, 04/28/21b		200		206,001
Export-Import Bank of China (The)
4.88%, 07/21/15b		100		106,681
Sinochem Overseas Capital Co. Ltd.
4.50%, 11/12/20b		200		201,428

3

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)		Value
Sinopec Group Overseas Development 2012 Ltd.
4.88%, 05/17/42b	$	200	$	187,370
				1,076,836
COLOMBIA — 0.26%
Ecopetrol SA
7.63%, 07/23/19		87		103,530
				103,530
INDIA — 1.48%
Export-Import Bank of India (The)
4.00%, 01/14/23b		200		178,140
Indian Oil Corp. Ltd.
4.75%, 01/22/15b		200		207,030
State Bank of India
4.50%, 10/23/14b		200		205,792
				590,962
INDONESIA — 2.01%
Majapahit Holding BV
7.75%, 01/20/20b		220		245,300
7.88%, 06/29/37b		100		111,500
PT Pertamina (Persero) Tbk
4.30%, 05/20/23b		300		269,250
6.00%, 05/03/42b		200		172,500
				798,550
ISRAEL — 1.06%
Israel Electric Corp. Ltd.
6.70%, 02/10/17b		200		213,500
6.88%, 06/21/23b		200		207,000
				420,500
KAZAKHSTAN — 2.15%
Kazakhstan Temir Zholy Finance BV
6.95%, 07/10/42b		200		204,000
KazMunaiGaz Finance Sub BV
7.00%, 05/05/20b		200		225,250
9.13%, 07/02/18b		200		243,500
KazMunayGas National Co. JSC
4.40%, 04/30/23b		200		185,250
				858,000
MALAYSIA — 1.16%
Penerbangan Malaysia Bhd
5.63%, 03/15/16b		100		110,281
Petroliam Nasional Bhd
7.63%, 10/15/26b		100		128,127
Petronas Capital Ltd.
5.25%, 08/12/19b		200		222,967
				461,375
MEXICO — 4.56%
Comision Federal de Electricidad
4.88%, 05/26/21b		200		209,000
Pemex Project Funding Master Trust
5.75%, 03/01/18		200		222,000

Security	Principal (000s)		Value
6.63%, 06/15/35	$	150	$	160,500
Petroleos Mexicanos
3.50%, 01/30/23b		100		91,500
4.88%, 03/15/15		150		157,500
4.88%, 01/24/22		75		77,063
5.50%, 01/21/21		250		269,375
5.50%, 06/27/44		175		159,862
6.00%, 03/05/20		100		111,750
6.50%, 06/02/41		210		220,920
8.00%, 05/03/19		110		134,200
				1,813,670
PHILIPPINES — 0.60%
Power Sector Assets & Liabilities Management Corp.
6.88%, 11/02/16b		100		114,500
7.39%, 12/02/24b		100		124,000
				238,500
QATAR — 2.93%
Nakilat Inc.
6.07%, 12/31/33b		100		107,500
Qatari Diar Finance QSC
3.50%, 07/21/15b		100		103,758
5.00%, 07/21/20b		100		109,250
QNB Finance Ltd.
2.13%, 02/14/18b		200		194,000
Qtel International Finance Ltd.
5.00%, 10/19/25b		200		202,500
7.88%, 06/10/19b		200		246,000
Ras Laffan Liquefied Natural Gas Co. Ltd. II
5.30%, 09/30/20b		189		202,718
				1,165,726
RUSSIA — 5.35%
Gazprom OAO Via Gaz Capital SA
6.21%, 11/22/16b		100		108,930
6.51%, 03/07/22b		100		107,740
7.29%, 08/16/37b		100		108,250
8.63%, 04/28/34b		50		59,625
9.25%, 04/23/19b		100		122,500
Gazprom OAO Vis Gaz Capital SA
8.15%, 04/11/18b		100		116,500
Gazprombank OJSC
6.25%, 12/15/14b		100		105,160
Russian Agricultural Bank OJSC Via RSHB Capital SA
6.30%, 05/15/17b		100		106,375
Russian Railways
5.74%, 04/03/17b		100		107,125
Sberbank of Russia Via SB Capital SA
5.40%, 03/24/17b		200		212,640
6.13%, 02/07/22b		200		212,500
Transneft OJSC Via TransCapitalInvest Ltd.
8.70%, 08/07/18b		100		121,000
Vnesheconombank Via VEB Finance PLC
5.45%, 11/22/17b		100		106,250
6.90%, 07/09/20b		100		112,020
VTB Bank OJSC
6.55%, 10/13/20b		100		104,000
6.88%, 05/29/18b		100		107,250

4

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)		Value
VTB Bank OJSC Via VTB Capital SA
6.25%, 06/30/35b	$	200	$	211,500
				2,129,365
SOUTH AFRICA — 1.01%
Eskom Holdings Ltd.
5.75%, 01/26/21b		200		195,000
Transnet SOC Ltd.
4.50%, 02/10/16b		200		206,500
				401,500
SOUTH KOREA — 4.32%
Export-Import Bank of Korea (The)
4.00%, 01/29/21		100		101,661
4.13%, 09/09/15		100		105,713
4.38%, 09/15/21		200		206,639
5.13%, 06/29/20		100		108,583
5.88%, 01/14/15		100		106,529
Korea Development Bank (The)
3.25%, 03/09/16		100		103,764
3.88%, 05/04/17		200		210,203
Korea Expressway Corp.
5.13%, 05/20/15b		50		53,174
Korea Finance Corp.
3.25%, 09/20/16		200		208,035
Korea Gas Corp.
4.25%, 11/02/20b		200		206,111
Korea National Oil Corp.
2.88%, 11/09/15b		200		205,868
National Agricultural Cooperative Federation
4.25%, 01/28/16b		100		105,745
				1,722,025
THAILAND — 0.47%
PTT PCL
3.38%, 10/25/22b		200		187,143
				187,143
TRINIDAD AND TOBAGO — 0.31%
Petroleum Co. of Trinidad & Tobago Ltd.
9.75%, 08/14/19b		100		125,000
				125,000
UNITED ARAB EMIRATES — 4.86%
Abu Dhabi National Energy Co.
5.88%, 10/27/16b		100		110,776
6.25%, 09/16/19b		100		113,750
6.50%, 10/27/36b		100		115,250
7.25%, 08/01/18b		100		118,500
Dolphin Energy Ltd.
5.89%, 06/15/19b		155		172,120
DP World Ltd.
6.85%, 07/02/37b		200		202,000
Dubai Electricity & Water Authority
7.38%, 10/21/20b		200		231,500
8.50%, 04/22/15b		100		110,500
IPIC GMTN Ltd.
5.00%, 11/15/20b		250		267,813

Security	Principal or Shares (000s)		Value
MDC-GMTN BV
3.75%, 04/20/16b	$	200	$	211,500
National Bank of Abu Dhabi PJSC
4.25%, 03/25/15b		200		209,246
Waha Aerospace BV
3.93%, 07/28/20b		70		72,800
				1,935,755
VENEZUELA — 3.43%
Petroleos de Venezuela SA
4.90%, 10/28/14		165		155,265
5.00%, 10/28/15		150		132,375
5.25%, 04/12/17b		150		123,000
5.38%, 04/12/27b		225		131,062
5.50%, 04/12/37b		50		28,500
8.50%, 11/02/17b		460		423,200
9.00%, 11/17/21b		210		174,300
12.75%, 02/17/22b		200		199,000
				1,366,702
TOTAL FOREIGN AGENCY OBLIGATIONS
(Cost: $19,871,092)				18,852,549
SHORT-TERM INVESTMENTS — 0.34%
MONEY MARKET FUNDS — 0.34%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%d,e		134		134,349
				134,349
TOTAL SHORT-TERM INVESTMENTS
(Cost: $134,349)				134,349
TOTAL INVESTMENTS IN SECURITIES — 98.47%
(Cost: $41,186,821)				39,206,004
Other Assets, Less Liabilities — 1.53%				608,464
NET ASSETS — 100.00%			$	39,814,468

^a  Investments are denominated in U.S. dollars.

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

^c  Variable rate security. Rate shown is as of report date.

^d  Affiliated issuer. See Note 2.

^e  The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to schedules of investments.

5

Schedule of Investments  (Unaudited)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2013

Security	Principal (000s)		Value
CORPORATE BONDS & NOTESa — 24.93%
BRAZIL — 2.35%
Banco BTG Pactual SA
5.75%, 09/28/22b	$	700	$	615,580
Fibria Overseas Finance Ltd.
6.75%, 03/03/21 (Call 03/03/16)b		1,000		1,090,000
7.50%, 05/04/20 (Call 05/04/15)b		491		537,645
JBS USA LLC
7.25%, 06/01/21 (Call 06/01/15)b		150		153,750
8.25%, 02/01/20 (Call 02/01/15)b		800		848,000
Marfrig Holding Europe BV
8.38%, 05/09/18b		600		573,000
9.88%, 07/24/17 (Call 01/24/16)b		500		505,000
Minerva Luxembourg SA
7.75%, 01/31/23 (Call 01/31/18)b		600		582,000
OGX Austria GmbH
8.38%, 04/01/22 (Call 04/01/17)b		1,000		200,000
8.50%, 06/01/18 (Call 06/01/15)b		1,700		357,000
				5,461,975
CHINA — 3.77%
Agile Property Holdings Ltd.
8.88%, 04/28/17 (Call 04/28/14)b		800		843,040
9.88%, 03/20/17b		200		215,500
CITIC Pacific Ltd.
6.63%, 04/15/21b		1,500		1,408,884
6.88%, 01/21/18b		1,000		1,014,174
Country Garden Holdings Co. Ltd.
7.50%, 01/10/23 (Call 01/10/18)b		500		463,750
11.13%, 02/23/18 (Call 02/23/15)b		600		669,000
11.25%, 04/22/17 (Call 04/22/14)b		700		765,660
Evergrande Real Estate Group Ltd.
13.00%, 01/27/15b		650		689,000
Kaisa Group Holdings Ltd.
10.25%, 01/08/20b		600		572,036
Longfor Properties Co. Ltd.
6.75%, 01/29/23 (Call 01/29/18)b		400		375,561
9.50%, 04/07/16 (Call 04/07/14)b		700		754,250
Shimao Property Holdings Ltd.
6.63%, 01/14/20 (Call 01/14/17)b		600		561,048
9.65%, 08/03/17 (Call 08/03/14)b		200		216,906
SOHO China Ltd.
5.75%, 11/07/17 (Call 11/07/15)b		200		197,449
				8,746,258
COLOMBIA — 1.28%
Banco Davivienda SA
5.88%, 07/09/22b		600		591,000
Bancolombia SA
5.13%, 09/11/22		1,000		930,000
6.13%, 07/26/20		500		507,500
Pacific Rubiales Energy Corp.
5.13%, 03/28/23 (Call 03/28/18)b		200		188,600

Security	Principal (000s)		Value
7.25%, 12/12/21 (Call 12/12/16)b	$	700	$	752,500
				2,969,600
INDIA — 1.96%
Bharti Airtel International Netherlands BV
5.13%, 03/11/23b		1,300		1,209,000
ICICI Bank Ltd.
6.38%, 04/30/22 (Call 04/30/17)b, c		654		639,285
Vedanta Resources PLC
6.00%, 01/31/19b		800		780,000
6.75%, 06/07/16b		800		832,960
8.25%, 06/07/21b		600		627,000
9.50%, 07/18/18b		400		449,000
				4,537,245
JAMAICA — 1.22%
Digicel Group Ltd.
8.25%, 09/30/20 (Call 09/30/16)b		1,300		1,397,500
10.50%, 04/15/18 (Call 04/15/14)b		300		325,500
Digicel Ltd.
6.00%, 04/15/21b		1,000		980,000
8.25%, 09/01/17 (Call 09/01/13)b		130		135,525
				2,838,525
KAZAKHSTAN — 0.45%
Halyk Savings Bank of Kazakhstan JSC
7.25%, 05/03/17b		400		423,080
7.25%, 01/28/21b		600		630,000
				1,053,080
MACAU — 0.33%
Melco Crown Entertainment Ltd.
5.00%, 02/15/21 (Call 02/15/16)b		800		764,000
				764,000
MEXICO — 3.68%
Cemex Espana SA (Luxembourg)
9.25%, 05/12/20 (Call 05/12/15)b		1,200		1,311,000
9.88%, 04/30/19 (Call 04/30/16)b		1,150		1,279,375
Cemex Finance LLC
9.38%, 10/12/22 (Call 10/12/17)b		1,100		1,232,000
9.50%, 12/14/16 (Call 12/14/13)b		1,200		1,278,000
Cemex SAB de CV
9.00%, 01/11/18 (Call 01/11/15)b		1,397		1,519,237
NII Capital Corp.
7.63%, 04/01/21 (Call 04/01/16)		950		762,375
8.88%, 12/15/19 (Call 12/15/14)		600		525,000
10.00%, 08/15/16 (Call 08/15/13)		620		621,550
				8,528,537
RUSSIA — 7.50%
Alfa Bank OJSC Via Alfa Bond Issuance PLC
7.75%, 04/28/21b		1,250		1,342,187
7.88%, 09/25/17b		800		878,600
ALROSA Finance SA
7.75%, 11/03/20b		1,000		1,092,500

6

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2013

Security	Principal (000s)		Value
Credit Bank of Moscow
7.70%, 02/01/18b	$	500	$	517,600
Evraz Group SA
6.50%, 04/22/20b		800		724,000
8.25%, 11/10/15b		400		426,476
9.50%, 04/24/18b		1,700		1,825,460
Home Credit & Finance Bank LLC
9.38%, 04/24/20 (Call 04/24/18)b,c		500		522,500
Metalloinvest Finance Ltd.
5.63%, 04/17/20b		600		561,000
6.50%, 07/21/16b		800		838,000
MTS International Funding Ltd.
8.63%, 06/22/20b		200		236,000
Promsvyazbank OJSC
10.20%, 11/06/19b		600		639,870
Russian Standard Bank
9.25%, 07/11/17b		100		106,500
Severstal OAO Via Steel Capital SA
6.70%, 10/25/17b		1,500		1,582,500
Sibur Securities Ltd.
3.91%, 01/31/18b		700		666,750
TMK OAO
7.75%, 01/27/18b		500		518,750
Vimpel Communications Via VIP Finance Ireland Ltd. OJSC
7.75%, 02/02/21b		600		640,500
9.13%, 04/30/18b		1,300		1,501,500
VimpelCom Holdings BV
5.95%, 02/13/23b		900		837,000
6.25%, 03/01/17b		600		628,500
7.50%, 03/01/22b		1,250		1,296,875
				17,383,068
SINGAPORE — 0.28%
Flextronics International Ltd.
5.00%, 02/15/23b		650		640,250
				640,250
SOUTH AFRICA — 0.53%
AngloGold Ashanti Holdings PLC
5.13%, 08/01/22		500		398,278
Gold Fields Orogen Holding BVI Ltd.
4.88%, 10/07/20b		1,000		824,344
				1,222,622
SOUTH KOREA — 0.41%
Woori Bank Co. Ltd.
6.21%, 05/02/37 (Call 05/02/17)b,c		900		945,000
				945,000
TURKEY — 0.74%
Turkiye Is Bankasi AS
6.00%, 10/24/22b		500		470,000
Turkiye Vakiflar Bankasi Tao
6.00%, 11/01/22b		600		549,750
Yapi ve Kredi Bankasi AS
5.50%, 12/06/22b		800		700,000
				1,719,750

Security	Principal (000s)		Value
UKRAINE — 0.43%
Metinvest BV
8.75%, 02/14/18b	$	500	$	481,350
10.25%, 05/20/15b		500		515,100
				996,450
TOTAL CORPORATE BONDS & NOTES
(Cost: $60,820,967)				57,806,360
FOREIGN AGENCY OBLIGATIONSa — 12.90%
BRAZIL — 0.79%
Centrais Eletricas Brasileiras SA
5.75%, 10/27/21b		1,000		972,500
6.88%, 07/30/19b		800		852,000
				1,824,500
INDONESIA — 3.33%
Majapahit Holding BV
7.75%, 10/17/16b		1,000		1,108,750
7.75%, 01/20/20b		1,300		1,456,000
PT Pertamina (Persero) Tbk
4.30%, 05/20/23b		2,500		2,243,750
5.63%, 05/20/43b		2,300		1,886,000
PT Perusahaan Gas Negara (Persero) Tbk
5.25%, 10/24/42b		1,300		1,033,500
				7,728,000
ISRAEL — 0.98%
Israel Electric Corp. Ltd.
5.63%, 06/21/18b		1,300		1,332,500
6.88%, 06/21/23b		900		931,500
				2,264,000
PHILIPPINES — 1.14%
Power Sector Assets & Liabilities Management Corp.
7.25%, 05/27/19b		860		1,034,150
7.39%, 12/02/24b		1,300		1,612,000
				2,646,150
SRI LANKA — 0.17%
Bank of Ceylon
5.33%, 04/16/18b		200		194,808
6.88%, 05/03/17b		200		206,000
				400,808
TURKEY — 0.53%
Export Credit Bank of Turkey
5.38%, 11/04/16b		1,000		1,030,000
5.88%, 04/24/19b		200		204,000
				1,234,000

7

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2013

Security	Principal (000s)		Value
UKRAINE — 0.16%
Oschadbank
8.25%, 03/10/16b	$	400	$	375,000
				375,000
VENEZUELA — 5.80%
Petroleos de Venezuela SA
4.90%, 10/28/14		1,500		1,411,500
5.00%, 10/28/15		1,200		1,059,000
5.25%, 04/12/17b		2,400		1,968,000
5.38%, 04/12/27b		1,970		1,147,525
5.50%, 04/12/37b		1,320		752,400
8.50%, 11/02/17b		4,700		4,324,000
9.00%, 11/17/21b		1,850		1,535,500
12.75%, 02/17/22b		1,250		1,243,750
				13,441,675
TOTAL FOREIGN AGENCY OBLIGATIONS
(Cost: $31,150,940)				29,914,133
FOREIGN GOVERNMENT OBLIGATIONSa — 59.59%
ARGENTINA — 1.43%
Argentina (Republic of)
2.50%, 12/31/38d		3,590		1,184,700
8.28%, 12/31/33		2,700		1,622,891
8.75%, 06/02/17		640		502,400
				3,309,991
BELARUS — 0.69%
Belarus (Republic of)
8.75%, 08/03/15b		800		800,000
8.95%, 01/26/18b		800		796,000
				1,596,000
COSTA RICA — 0.65%
Costa Rica (Republic of)
4.25%, 01/26/23b		1,200		1,134,000
4.38%, 04/30/25b		200		185,500
5.63%, 04/30/43b		200		180,500
				1,500,000
CROATIA — 2.16%
Croatia (Republic of)
5.50%, 04/04/23b		1,000		990,000
6.25%, 04/27/17b		500		533,225
6.38%, 03/24/21b		1,300		1,375,010
6.63%, 07/14/20b		200		215,000
6.75%, 11/05/19b		1,750		1,907,850
				5,021,085
DOMINICAN REPUBLIC — 1.18%
Dominican Republic
5.88%, 04/18/24b		600		579,000
7.50%, 05/06/21b		1,400		1,512,000

Security	Principal (000s)		Value
9.04%, 01/23/18b	$	590	$	646,277
				2,737,277
ECUADOR — 0.27%
Ecuador (Republic of)
9.38%, 12/15/15b		600		624,000
				624,000
EGYPT — 0.35%
Egypt (Arab Republic of)
5.75%, 04/29/20b		700		588,000
6.88%, 04/30/40b		300		222,000
				810,000
EL SALVADOR — 1.25%
El Salvador (Republic of)
5.88%, 01/30/25b		600		594,000
7.63%, 02/01/41b		100		99,500
7.65%, 06/15/35b		985		980,075
7.75%, 01/24/23b		720		802,800
8.25%, 04/10/32b		400		419,000
				2,895,375
GUATEMALA — 0.47%
Guatemala (Republic of)
4.88%, 02/13/28b		500		466,250
5.75%, 06/06/22b		600		624,000
				1,090,250
HUNGARY — 3.26%
Hungary (Republic of)
4.13%, 02/19/18		500		488,750
4.75%, 02/03/15		995		1,017,388
5.38%, 02/21/23		1,300		1,239,875
6.25%, 01/29/20		1,700		1,793,500
6.38%, 03/29/21		1,900		1,983,600
7.63%, 03/29/41		982		1,031,100
				7,554,213
INDONESIA — 7.47%
Indonesia (Republic of)
3.38%, 04/15/23b		1,300		1,140,750
4.63%, 04/15/43b		1,300		1,069,250
4.88%, 05/05/21b		2,200		2,233,000
6.88%, 01/17/18b		2,500		2,831,250
7.50%, 01/15/16b		2,000		2,232,500
7.75%, 01/17/38b		2,000		2,410,000
8.50%, 10/12/35b		2,500		3,212,500
11.63%, 03/04/19b		1,600		2,192,000
				17,321,250
JAMAICA — 0.45%
Jamaica (Government of)
8.00%, 06/24/19		800		788,000

8

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2013

Security	Principal (000s)		Value
8.00%, 03/15/39	$	300	$	255,000
				1,043,000
LEBANON — 3.24%
Lebanon (Republic of)
4.75%, 11/02/16b		500		497,500
5.15%, 11/12/18b		1,250		1,225,000
6.00%, 05/20/19b		200		198,500
6.38%, 03/09/20		1,000		1,000,000
8.25%, 04/12/21b		1,600		1,776,000
8.50%, 08/06/15		250		267,813
8.50%, 01/19/16b		930		1,004,400
9.00%, 03/20/17		1,380		1,545,600
				7,514,813
MOROCCO — 0.53%
Morocco (Republic of)
4.25%, 12/11/22b		800		727,000
5.50%, 12/11/42b		600		510,000
				1,237,000
PAKISTAN — 0.46%
Pakistan (Islamic Republic of)
6.88%, 06/01/17b		800		772,000
7.13%, 03/31/16b		300		293,250
				1,065,250
PHILIPPINES — 7.01%
Philippines (Republic of the)
4.00%, 01/15/21		1,420		1,478,575
5.00%, 01/13/37		800		854,000
5.50%, 03/30/26		1,000		1,132,500
6.38%, 01/15/32		850		995,563
6.38%, 10/23/34		1,100		1,317,250
6.50%, 01/20/20		700		833,000
7.75%, 01/14/31		1,900		2,489,000
8.38%, 06/17/19		1,200		1,537,500
9.38%, 01/18/17		650		809,250
9.50%, 02/02/30		1,573		2,359,500
9.88%, 01/15/19		300		404,250
10.63%, 03/16/25		1,300		2,041,000
				16,251,388
ROMANIA — 1.14%
Romania (Republic of)
4.38%, 08/22/23b		1,100		1,056,275
6.75%, 02/07/22b		1,400		1,578,780
				2,635,055
SERBIA — 1.18%
Serbia (Republic of)
4.88%, 02/25/20b		1,000		920,200
5.25%, 11/21/17b		400		393,080
7.25%, 09/28/21b		1,400		1,431,780
				2,745,060

Security	Principal (000s)		Value
SLOVENIA — 1.55%
Slovenia (Republic of)
4.75%, 05/10/18b	$	600	$	581,262
5.50%, 10/26/22b		1,800		1,696,860
5.85%, 05/10/23b		1,400		1,327,088
				3,605,210
SRI LANKA — 1.10%
Sri Lanka (Democratic Socialist Republic of)
6.25%, 10/04/20b		1,250		1,253,125
6.25%, 07/27/21b		1,301		1,301,000
				2,554,125
TURKEY — 12.13%
Turkey (Republic of)
3.25%, 03/23/23		1,000		865,000
4.88%, 04/16/43		700		582,750
5.13%, 03/25/22		642		650,025
5.63%, 03/30/21		1,650		1,740,750
6.00%, 01/14/41		2,400		2,316,000
6.25%, 09/26/22		1,800		1,962,000
6.75%, 04/03/18		1,850		2,076,625
6.75%, 05/30/40		900		958,500
6.88%, 03/17/36		2,020		2,176,550
7.00%, 09/26/16		1,600		1,784,000
7.00%, 03/11/19		1,000		1,140,000
7.00%, 06/05/20		1,750		2,003,750
7.25%, 03/15/15		1,000		1,075,000
7.25%, 03/05/38		810		915,300
7.38%, 02/05/25		2,520		2,898,000
7.50%, 07/14/17		1,520		1,744,200
7.50%, 11/07/19		750		877,500
8.00%, 02/14/34		663		803,887
11.88%, 01/15/30		960		1,560,000
				28,129,837
UKRAINE — 2.51%
Ukraine (Government of)
6.25%, 06/17/16b		800		750,000
6.58%, 11/21/16b		600		562,500
7.50%, 04/17/23b		700		611,625
7.75%, 09/23/20b		1,477		1,351,455
7.80%, 11/28/22b		1,400		1,256,500
7.95%, 02/23/21b		1,400		1,289,680
				5,821,760
VENEZUELA — 8.59%
Venezuela (Bolivarian Republic of)
5.75%, 02/26/16b		1,485		1,343,925
6.00%, 12/09/20b		780		575,250
7.00%, 12/01/18b		550		463,375
7.00%, 03/31/38b		850		567,375
7.65%, 04/21/25		1,350		1,005,750
7.75%, 10/13/19b		1,850		1,554,000
8.25%, 10/13/24b		2,150		1,655,500
8.50%, 10/08/14		990		994,950
9.00%, 05/07/23b		1,480		1,224,700

9

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2013

Security	Principal or Shares (000s)		Value
9.25%, 09/15/27	$	2,720	$	2,257,600
9.25%, 05/07/28b		1,600		1,296,000
9.38%, 01/13/34		1,010		820,625
11.75%, 10/21/26b		2,500		2,362,500
11.95%, 08/05/31b		2,570		2,428,650
12.75%, 08/23/22b		700		714,000
13.63%, 08/15/18		600		643,500
				19,907,700
VIETNAM — 0.52%
Vietnam (Socialist Republic of)
6.75%, 01/29/20b		800		876,000
6.88%, 01/15/16b		300		322,500
				1,198,500
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $148,810,519)				138,168,139
SHORT-TERM INVESTMENTS — 0.35%
MONEY MARKET FUNDS — 0.35%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%e,f		811		811,312
				811,312
TOTAL SHORT-TERM INVESTMENTS
(Cost: $811,312)				811,312
TOTAL INVESTMENTS IN SECURITIES — 97.77%
(Cost: $241,593,738)				226,699,944
Other Assets, Less Liabilities — 2.23%				5,161,645
NET ASSETS — 100.00%			$	231,861,589

^a  Investments are denominated in U.S. dollars.

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

^c  Variable rate security. Rate shown is as of report date.

^d  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.

^e  Affiliated issuer. See Note 2.

^f  The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to schedules of investments.

10

Schedule of Investments  (Unaudited)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

July 31, 2013

Security	Principal (000s)			Value
FOREIGN GOVERNMENT OBLIGATIONS — 97.50%
BRAZIL — 11.95%
Brazil (Federative Republic of)
0.00%,01/01/14		BRL	51,144	$	21,599,408
0.00%,04/01/14		BRL	20,543		8,487,988
0.00%,01/01/15		BRL	54,944		21,076,882
0.00%,01/01/17		BRL	10,665		3,283,095
8.50%,01/05/24		BRL	500		202,558
10.00%,01/01/18		BRL	9,339		3,980,918
10.00%,01/01/21		BRL	39,842		16,726,208
10.00%,01/01/23		BRL	1,352		561,206
12.50%,01/05/16		BRL	1,400		657,601
					76,575,864
CHILE — 0.07%
Chile (Republic of)
5.50%,08/05/20		CLP	237,000		466,870
					466,870
COLOMBIA — 4.29%
Colombia (Republic of)
7.50%,08/26/26		COP	13,009,800		6,791,274
7.75%,04/14/21		COP	496,000		305,247
9.25%,05/14/14		COP	30,920,000		16,953,194
9.85%,06/28/27		COP	4,874,000		3,409,016
					27,458,731
CZECH REPUBLIC — 4.28%
Czech (Republic of)
2.75%,03/31/14		CZK	41,920		2,182,557
2.80%,09/16/13		CZK	143,910		7,394,962
4.20%,12/04/36		CZK	48,730		2,864,650
4.60%,08/18/18		CZK	155,220		9,146,655
5.70%,05/25/24		CZK	87,180		5,840,777
					27,429,601
EGYPT — 1.51%
Egypt (Arab Republic of)
11.60%,10/05/13		EGP	2,000		284,424
14.25%,10/25/16		EGP	1,000		140,021
16.15%,01/17/15		EGP	11,200		1,627,735
16.15%,07/03/15		EGP	27,742		4,058,237
16.55%,04/10/17		EGP	10,000		1,478,864
16.58%,08/14/17		EGP	14,000		2,070,970
					9,660,251
HUNGARY — 3.38%
Hungary (Republic of)
5.50%,02/12/14		HUF	393,000		1,752,039
5.50%,02/12/16		HUF	2,037,100		9,190,110
6.00%,11/24/23		HUF	306,200		1,316,411
6.50%,06/24/19		HUF	865,250		4,009,449

Security	Principal (000s)			Value
7.00%, 06/24/22		HUF	230,000	$	1,060,880
7.50%,11/12/20		HUF	186,500		898,363
7.75%,08/24/15		HUF	727,290		3,424,831
					21,652,083
INDONESIA — 4.55%
Indonesia (Republic of)
6.63%,05/15/33		IDR	6,000,000		491,565
8.25%,06/15/32		IDR	36,000,000		3,503,463
9.50%,06/15/15		IDR	3,096,000		314,167
9.50%,07/15/31		IDR	138,987,000		15,134,065
10.00%,07/15/17		IDR	70,358,000		7,498,852
10.00%,09/15/24		IDR	5,968,000		665,843
11.00%,09/15/25		IDR	13,220,000		1,571,813
					29,179,768
ISRAEL — 4.43%
Israel (State of)
3.50%,09/30/13		ILS	22,951		6,464,498
4.25%,03/31/23		ILS	11,513		3,359,517
4.50%,01/30/15		ILS	5,375		1,581,233
5.50%,01/31/42		ILS	3,582		1,062,522
6.00%,02/28/19		ILS	48,308		15,914,954
					28,382,724
MALAYSIA — 4.39%
Malaysia (Federation of)
3.49%,03/31/20		MYR	6,155		1,838,455
3.84%,08/12/15		MYR	16,605		5,165,670
4.13%,04/15/32		MYR	7,400		2,256,065
5.09%,04/30/14		MYR	14,750		4,619,455
5.73%,07/30/19		MYR	42,280		14,264,678
					28,144,323
MEXICO — 7.74%
United Mexican States
6.25%,06/16/16		MXN	54,731		4,473,910
6.50%,06/10/21		MXN	35,907		2,911,064
6.50%,06/09/22		MXN	130,539		10,559,118
7.00%,06/19/14		MXN	63,228		5,051,861
7.25%,12/15/16		MXN	192,790		16,216,146
7.50%,06/03/27		MXN	29,837		2,554,981
7.75%,11/13/42		MXN	62,314		5,191,753
8.50%,11/18/38		MXN	29,330		2,640,753
					49,599,586
NIGERIA — 0.73%
Nigeria (Federal Republic of)
4.00%,04/23/15		NGN	466,000		2,468,493
15.10%,04/27/17		NGN	273,000		1,764,890
16.39%,01/27/22		NGN	62,000		436,511
					4,669,894
PERU — 0.81%
Peru (Republic of)
6.85%,02/12/42		PEN	1,300		483,456

11

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

July 31, 2013

Security	Principal (000s)			Value
8.20%, 08/12/26		PEN	10,415	$	4,677,705
					5,161,161
PHILIPPINES — 3.13%
Philippines (Republic of the)
4.95%,01/15/21		PHP	24,000		595,441
5.00%,08/18/18		PHP	77,300		1,972,013
6.25%,01/14/36		PHP	37,000		958,439
7.00%,01/27/16		PHP	283,802		7,298,149
8.13%,12/16/35		PHP	266,936		9,240,722
					20,064,764
POLAND — 6.44%
Poland (Republic of)
0.00%,01/25/14		PLN	10,432		3,217,387
0.00%,07/25/15		PLN	34,428		10,173,143
3.75%,04/25/18		PLN	15,000		4,748,919
4.00%,10/25/23		PLN	9,500		2,945,070
5.25%,10/25/20		PLN	4,000		1,358,413
5.75%,04/25/14		PLN	25,781		8,226,916
5.75%,09/23/22		PLN	30,166		10,588,683
					41,258,531
ROMANIA — 1.08%
Romania (Republic of)
5.75%,01/27/16		RON	14,900		4,588,639
5.85%,07/28/14		RON	6,120		1,864,350
5.90%,07/26/17		RON	1,500		469,131
					6,922,120
RUSSIA — 4.35%
Russian Federation (The)
6.88%,07/15/15		RUB	162,093		4,976,018
6.90%, 02/06/36a		RUB	4,500		119,864
7.10%,03/13/14		RUB	125,000		3,808,941
7.40%,04/19/17		RUB	124,000		3,869,675
7.60%,04/14/21		RUB	145,856		4,573,811
7.85%, 03/10/18b		RUB	155,000		4,934,446
8.15%,02/03/27		RUB	176,840		5,566,776
					27,849,531
SOUTH AFRICA — 4.28%
South Africa (Republic of)
6.25%,03/31/36		ZAR	36,112		2,699,604
6.50%,02/28/41		ZAR	88,983		6,617,866
6.75%,03/31/21		ZAR	27,900		2,685,078
8.25%,09/15/17		ZAR	139,451		14,755,437
13.50%,09/15/15		ZAR	5,900		680,403
					27,438,388
SOUTH KOREA — 21.29%
Korea (Republic of)
2.75%,09/10/17		KRW	9,271,640		8,121,954
3.00%,12/10/13		KRW	24,957,400		22,242,804
3.59%,04/02/14		KRW	13,000,000		11,642,297
4.00%,03/10/16		KRW	20,220,820		18,474,982
4.00%,12/10/31		KRW	8,473,490		7,870,275

Security	Principal or Shares (000s)			Value
4.75%, 12/10/30		KRW	15,018,220	$	15,217,206
5.00%, 06/10/20		KRW	8,100,000		7,919,423
5.25%, 09/10/15		KRW	11,702,460		10,913,338
5.50%, 09/10/17		KRW	1,081,600		1,048,091
5.50%, 12/10/29		KRW	5,259,930		5,735,790
5.75%, 09/10/13		KRW	600,300		535,959
5.75%, 09/10/18		KRW	6,400,000		6,358,954
Korea Monetary Stabilization Bond
2.82%, 08/02/14		KRW	22,801,190		20,323,742
					136,404,815
THAILAND — 4.45%
Thailand (Kingdom of)
3.13%, 12/11/15		THB	374,756		12,014,821
3.58%, 12/17/27		THB	85,283		2,539,090
3.63%, 05/22/15		THB	88,313		2,860,156
3.78%, 06/25/32		THB	21,000		615,300
5.67%, 03/13/28		THB	238,354		8,761,680
6.15%, 07/07/26		THB	45,029		1,721,691
					28,512,738
TURKEY — 4.35%
Turkey (Republic of)
6.30%, 02/14/18		TRY	7,260		3,391,825
7.50%, 09/24/14		TRY	5,355		2,707,425
8.50%, 09/14/22		TRY	3,294		1,627,965
9.00%, 03/05/14		TRY	3,548		1,830,212
9.00%, 01/27/16		TRY	35,419		18,343,645
					27,901,072
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $660,609,480)					624,732,815
SHORT-TERM INVESTMENTS — 0.13%
MONEY MARKET FUNDS — 0.13%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%c,d			815		815,192
					815,192
TOTAL SHORT-TERM INVESTMENTS
(Cost: $815,192)					815,192
TOTAL INVESTMENTS IN SECURITIES — 97.63%
(Cost: $661,424,672)					625,548,007
Other Assets, Less Liabilities — 2.37%					15,202,547
NET ASSETS — 100.00%				$	640,750,554

BRL — Brazilian Real

12

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

July 31, 2013

CLP — Chilean Peso

COP — Colombian Peso

CZK — Czech Koruna

EGP — Egyptian Pound

HUF — Hungarian Forint

IDR — Indonesian Rupiah

ILS — Israeli Shekel

KRW — South Korean Won

MXN — Mexican Peso

MYR — Malaysian Ringgit

NGN — Nigerian Naira

PEN — Peru Nuevo

PHP — Philippine Peso

PLN — Polish Zloty

RON — Romanian Leu

RUB — New Russian Ruble

THB — Thai Baht

TRY — Turkish Lira

ZAR — South African Rand

^a  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.

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

^c  Affiliated issuer. See Note 2.

^d  The rate quoted is the annualized seven-day yield of the fund at period end.

See accompanying notes to schedules of investments.

13

Schedule of Investments  (Unaudited)

iSHARES^® GLOBAL EX USD HIGH YIELD CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)			Value
CORPORATE BONDS & NOTES — 96.06%
AUSTRIA — 0.31%
Telekom Austria AG
5.63%, 12/31/49 (Call 02/01/18)a,b		EUR	100	$	135,886
					135,886
BELGIUM — 0.34%
Barry Callebaut AG Registered
5.63%, 06/15/21b		EUR	100		145,961
					145,961
CANADA — 4.71%
Air Canada
10.13%, 08/01/15 (Call 03/04/13)c		CAD	150		152,473
Armtec Holdings Ltd.
8.88%, 09/22/17 (Call 09/22/13)		CAD	13		10,507
Athabasca Oil Corp.
7.50%, 11/19/17 (Call 11/19/14)b		CAD	100		93,138
7.50%, 11/19/17 (Call 11/19/14)c		CAD	150		139,706
Bombardier Inc.
6.13%, 05/15/21b		EUR	200		283,607
Cara Operations Ltd.
9.13%, 12/01/15 (Call 07/29/13)		CAD	35		35,066
Cascades Inc.
7.75%, 12/15/16 (Call 12/15/13)b		CAD	50		50,581
Centric Health Corp.
8.63%, 04/18/18 (Call 04/18/16)		CAD	30		27,139
Connacher Oil and Gas Ltd.
8.75%, 08/01/18 (Call 08/01/15)c		CAD	100		64,199
Corus Entertainment Inc.
4.25%, 02/11/20b		CAD	100		92,651
Gateway Casinos & Entertainment Ltd.
8.88%, 11/15/17 (Call 11/15/13)c		CAD	100		104,081
Great Canadian Gaming Corp.
6.63%, 07/25/22 (Call 07/25/17)c		CAD	25		24,926
Mattamy Group Corp.
6.88%, 11/15/20 (Call 11/15/15)c		CAD	50		48,514
Paramount Resources Ltd.
8.25%, 12/13/17 (Call 12/13/13)		CAD	150		149,583
Perpetual Energy Inc.
8.75%, 03/15/18 (Call 03/15/15)b		CAD	50		46,447
Postmedia Network Inc.
8.25%, 08/16/17 (Call 08/16/15)c		CAD	48		47,439
Quebecor Media Inc.
6.63%, 01/15/23c		CAD	100		98,001
7.38%, 01/15/21 (Call 01/15/16)		CAD	150		156,850
Russel Metals Inc.
6.00%, 04/19/22 (Call 04/19/17)c		CAD	50		48,879
Tervita Corp.
9.00%, 11/15/18 (Call 11/15/15)c		CAD	25		25,077
Trident Exploration Corp.
8.25%, 04/13/18 (Call 04/13/15)		CAD	50		45,110
Vermilion Energy Inc.
6.50%, 02/10/16 (Call 02/10/14)		CAD	100		101,162

Security	Principal (000s)			Value
Videotron Ltee
5.63%, 06/15/25 (Call 03/15/25)		CAD	75	$	69,721
YPG Financing Inc.
9.25%, 11/30/18c		CAD	131		131,166
					2,046,023
FINLAND — 0.96%
Nokia OYJ
6.75%, 02/04/19		EUR	100		139,113
Stora Enso OYJ
5.00%, 03/19/18b		EUR	100		138,650
5.50%, 03/07/19b		EUR	100		139,800
					417,563
FRANCE — 14.49%
Alcatel-Lucent
8.50%, 01/15/16b		EUR	100		143,082
Banque PSA Finance SA
4.88%, 09/25/15b		EUR	100		137,667
Cegedim SA
6.75%, 04/01/20 (Call 04/01/16)b		EUR	100		129,999
Cerba European Lab
7.00%, 02/01/20 (Call 02/01/16)b		EUR	100		133,449
Ciments Francais SA
4.75%, 04/04/17b		EUR	100		137,629
CMA CGM SA
8.88%, 04/15/19 (Call 04/15/15)b		EUR	100		122,605
Crown European Holdings SA
7.13%, 08/15/18 (Call 08/15/14)b		EUR	100		142,472
Europcar Groupe SA
9.38%, 04/15/18b		EUR	100		129,023
Faurecia SA
9.38%, 12/15/16b		EUR	100		155,939
Financiere Atalian SA
7.25%, 01/15/20 (Call 01/15/17)b		EUR	100		131,955
Groupama SA
7.88%, 10/27/39 (Call 10/27/19)a		EUR	150		190,364
Labco SAS
8.50%, 01/15/18 (Call 01/15/14)b		EUR	125		175,940
Lafarge SA
5.38%, 06/26/17b		EUR	550		780,734
6.75%, 12/16/19		EUR	100		148,637
8.88%, 11/24/16		EUR	200		315,453
Medi-Partenaires SAS
7.00%, 05/15/20b		EUR	100		127,921
Nexans SA
5.75%, 05/02/17		EUR	100		141,250
Novalis SAS
6.00%, 06/15/18 (Call 06/15/15)b		EUR	100		136,768
PagesJaunes Finance & Co.
8.88%, 06/01/18 (Call 06/01/14)b		EUR	100		118,847
Peugeot SA
5.63%, 06/29/15		EUR	50		69,358
5.63%, 07/11/17		EUR	300		412,417
7.38%, 03/06/18b		EUR	200		281,442
8.38%, 07/15/14b		EUR	150		209,037
Renault SA
4.63%, 09/18/17b		EUR	150		210,161
5.63%, 06/30/15		EUR	500		705,875
Rexel SA
5.13%, 06/15/20 (Call 06/15/16)b		EUR	100		135,556

14

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL EX USD HIGH YIELD CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)			Value
Tereos Finance Group I
4.25%, 03/04/20 (Call 03/04/19)		EUR	100	$	130,876
Wendel SA
4.38%, 08/09/17		EUR	150		208,227
4.88%, 09/21/15		EUR	100		140,055
4.88%, 05/26/16		EUR	100		141,091
6.75%, 04/20/18		EUR	100		150,153
					6,293,982
GERMANY — 11.88%
Beverage Packaging Holdings (Luxembourg) II SA
9.50%, 06/15/17 (Call 03/01/13)b		EUR	150		203,500
Brenntag Finance BV
5.50%, 07/19/18b		EUR	100		149,369
Commerzbank AG
7.75%, 03/16/21		EUR	300		414,688
Continental AG
3.00%, 07/16/18b		EUR	100		136,201
Franz Haniel & Cie GmbH
6.25%, 02/08/18		EUR	100		148,925
7.13%, 02/01/17		EUR	150		223,935
Hapag-Lloyd AG
9.00%, 10/15/15 (Call 10/15/13)b		EUR	100		138,503
Heckler & Koch GmbH
9.50%, 05/15/18 (Call 05/15/14)b		EUR	100		121,631
Heidelberger Druckmaschinen AG
9.25%, 04/15/18 (Call 04/15/14)b		EUR	50		67,056
Kabel Deutschland Vertrieb und Service GmbH
6.50%, 06/29/18 (Call 06/30/14)b		EUR	200		283,579
Kinove German Bondco GmbH
10.00%, 06/15/18 (Call 06/15/14)b		EUR	90		132,586
KM Holdings
8.75%, 12/15/20b		EUR	100		139,839
Norddeutsche Landesbank Girozentrale
6.00%, 06/29/20		EUR	100		144,762
Styrolution Group GmbH
7.63%, 05/15/16 (Call 05/15/13)b		EUR	125		172,769
Techem Energy Metering Service GmbH & Co. KG
7.88%, 10/01/20 (Call 10/01/16)b		EUR	100		144,643
ThyssenKrupp AG
4.00%, 08/27/18		EUR	200		271,187
4.38%, 03/18/15		EUR	100		137,897
4.38%, 02/28/17		EUR	250		346,154
ThyssenKrupp Finance Nederland BV
8.50%, 02/25/16		EUR	200		301,747
Trionista TopCo GmbH
6.88%, 04/30/21 (Call 04/30/16)b		EUR	100		136,105
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
5.13%, 01/21/23 (Call 01/21/18)b		EUR	100		127,971
5.50%, 09/15/22 (Call 09/15/17)b		EUR	150		197,196
5.75%, 01/15/23 (Call 01/15/18)b		EUR	100		132,347
7.50%, 03/15/19 (Call 03/15/15)b		EUR	100		143,414
8.13%, 12/01/17 (Call 03/01/13)b		EUR	116		162,582
Unitymedia KabelBW GmbH
9.50%, 03/15/21 (Call 03/15/16)b		EUR	100		150,437
9.63%, 12/01/19 (Call 12/01/14)b		EUR	100		148,055
UPCB Finance II Ltd.
6.38%, 07/01/20 (Call 07/01/15)b		EUR	150		210,755
UPCB Finance Ltd.
7.63%, 01/15/20 (Call 01/15/15)b		EUR	50		71,815
					5,159,648

Security	Principal (000s)			Value
GREECE — 0.79%
OTE PLC
7.25%, 02/12/15b,d		EUR	250	$	341,008
					341,008
IRELAND — 3.49%
AG Spring Finance Ltd.
7.50%, 06/01/18b		EUR	100		130,727
Allied Irish Banks PLC
5.63%, 11/12/14b		EUR	100		135,994
Ardagh Glass Finance PLC
7.13%, 06/15/17 (Call 06/15/13)b		EUR	150		200,346
Ardagh Packaging Finance PLC
7.38%, 10/15/17 (Call 10/15/14)b		EUR	150		210,962
9.25%, 10/15/20 (Call 10/15/15)b		EUR	100		141,688
Eircom Finance Ltd.
9.25%, 05/15/20 (Call 05/15/16)b		EUR	100		124,493
Governor & Co. of the Bank of Ireland (The)
10.00%, 12/19/22b		EUR	100		145,068
Rottapharm Ltd.
6.13%, 11/15/19 (Call 11/15/15)b		EUR	100		136,277
Smurfit Kappa Acquisitions
7.75%, 11/15/19 (Call 11/15/14)b		EUR	200		289,803
					1,515,358
ITALY — 7.46%
Banca Monte dei Paschi di Siena SpA
4.88%, 05/31/16		EUR	150		190,546
5.00%, 04/21/20b		EUR	100		118,179
Series 1
7.25%, 07/10/15b		EUR	250		344,826
Banca Popolare di Milano Scarl
7.13%, 03/01/21b		EUR	100		135,693
Banca Popolare di Vicenza
6.75%, 02/27/15b		EUR	150		207,399
Banco Popolare
5.47%, 11/12/16b		EUR	100		133,781
6.00%, 11/05/20b		EUR	250		327,398
Buzzi Unicem SpA
6.25%, 09/28/18b		EUR	100		142,735
Cerved Technologies SpA
6.38%, 01/15/20 (Call 01/15/16)b		EUR	100		134,224
GTECH SpA
8.25%, 03/31/66 (Call 03/31/16)a,b		EUR	150		210,241
Intesa Sanpaolo SpA
6.63%, 05/08/18		EUR	150		209,402
Italcementi Finance SA
6.63%, 03/19/20b,d		EUR	150		206,677
TeamSystem Holding SpA
7.38%, 05/15/20b		EUR	100		128,868
Telecom Italia SpA
7.75%, 03/20/73 (Call 03/20/18)a,b		EUR	100		131,261
UniCredit SpA
3.95%, 02/01/16		EUR	100		133,641
6.70%, 06/05/18		EUR	200		279,512
Unipol Gruppo Finanziario SpA
5.00%, 01/11/17b		EUR	150		204,176
					3,238,559

15

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL EX USD HIGH YIELD CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)			Value
LUXEMBOURG — 15.06%
ArcelorMittal SA
5.75%, 03/29/18b		EUR	100	$	142,777
5.88%, 11/17/17		EUR	200		287,187
10.63%, 06/03/16		EUR	100		159,541
Capsugel FinanceCo SCA
9.88%, 08/01/19 (Call 08/01/14)b		EUR	100		148,542
Clariant Finance Luxembourg SA
5.63%, 01/24/17		EUR	150		221,761
ConvaTec Healthcare E SA
7.38%, 12/15/17 (Call 12/15/13)b		EUR	150		212,131
Elior Finance & Co. SCA
6.50%, 05/01/20 (Call 05/01/16)b		EUR	100		137,067
Fiat Finance & Trade SA
6.38%, 04/01/16b		EUR	400		558,813
6.75%, 10/14/19b		EUR	150		205,558
6.88%, 02/13/15		EUR	150		210,033
7.75%, 10/17/16b		EUR	200		289,162
Fiat Industrial Finance Europe SA
5.25%, 03/11/15b		EUR	300		417,011
6.25%, 03/09/18b		EUR	150		219,862
FMC Finance VIII SA
6.50%, 09/15/18b		EUR	250		382,189
Gestamp Funding Luxembourg SA
5.88%, 05/31/20 (Call 05/31/16)b		EUR	100		130,372
HeidelbergCement Finance Luxembourg SA
4.00%, 03/08/16b		EUR	250		349,241
Ineos Group Holdings SA
7.88%, 02/15/16 (Call 03/01/13)b		EUR	168		225,588
KION Finance SA
7.88%, 04/15/18 (Call 04/15/14)b		EUR	100		142,578
Numericable Finance & Co.
12.38%, 02/15/19 (Call 02/15/16)b		EUR	100		157,433
Ontex IV SA
7.50%, 04/15/18 (Call 04/15/14)b		EUR	100		138,511
Schmolz + Bickenbach Luxembourg SA
9.88%, 05/15/19 (Call 05/15/15)b		EUR	100		138,096
Spie BondCo 3 SCA
11.00%, 08/15/19 (Call 08/15/15)b		EUR	100		147,557
Takko Luxembourg 2 S.C.A
9.88%, 04/15/19 (Call 04/15/16)b		EUR	100		124,327
Telenet Finance III Luxembourg SCA
6.63%, 02/15/21 (Call 02/15/16)b		EUR	100		138,662
Telenet Finance V Luxembourg SCA
6.25%, 08/15/22 (Call 08/15/17)b		EUR	100		136,526
6.75%, 08/15/24 (Call 08/15/18)b		EUR	100		138,103
Wind Acquisition Finance SA
7.38%, 02/15/18 (Call 11/15/13)b		EUR	200		275,579
11.75%, 07/15/17 (Call 07/15/13)b		EUR	300		421,261
Xefin Lux SCA
8.00%, 06/01/18 (Call 06/01/14)b		EUR	100		143,414
Zinc Capital SA
8.88%, 05/15/18 (Call 05/15/14)b		EUR	100		141,916
					6,540,798
NETHERLANDS — 12.06%
Conti-Gummi Finance BV
7.50%, 09/15/17 (Call 09/15/13)b		EUR	300		416,102
EDP Finance BV
5.75%, 09/21/17b		EUR	250		353,597
Fresenius Finance BV

Security	Principal (000s)			Value
2.88%, 07/15/20b		EUR	50	$	66,030
4.25%, 04/15/19b		EUR	150		213,339
GMAC International Finance BV
7.50%, 04/21/15b		EUR	150		214,464
Goodyear Dunlop Tires Europe BV
6.75%, 04/15/19 (Call 04/15/15)b		EUR	100		141,748
HeidelbergCement Finance BV
5.63%, 01/04/18		EUR	150		222,515
8.00%, 01/31/17b		EUR	500		782,104
Nokia Siemens Networks Finance BV
7.13%, 04/15/20 (Call 04/15/16)b		EUR	100		136,547
OI European Group BV
4.88%, 03/31/21b		EUR	100		137,437
6.75%, 09/15/20b		EUR	100		151,585
Phoenix PIB Dutch Finance BV
3.13%, 05/27/20b		EUR	100		126,152
Portugal Telecom International Finance BV
4.38%, 03/24/17		EUR	250		335,282
4.63%, 05/08/20b		EUR	100		126,893
5.00%, 11/04/19b		EUR	150		196,887
5.88%, 04/17/18b		EUR	140		191,011
Refresco Group BV
7.38%, 05/15/18 (Call 05/15/14)b		EUR	100		140,341
Schaeffler Finance BV
4.25%, 05/15/18 (Call 05/15/15)b		EUR	100		134,046
7.75%, 02/15/17b		EUR	250		371,411
SNS BANK NV
6.25%, 10/26/20e		EUR	50		—
UPC Holding BV
6.38%, 09/15/22 (Call 09/15/17)b		EUR	100		132,626
8.38%, 08/15/20 (Call 08/15/15)b		EUR	200		291,476
Ziggo Bond Co. BV
8.00%, 05/15/18 (Call 05/15/14)b		EUR	250		355,034
					5,236,627
NORWAY — 0.18%
Norske Skogindustrier ASA
7.00%, 06/26/17b		EUR	100		77,181
					77,181
PORTUGAL — 4.17%
Banco Comercial Portugues SA
5.63%, 04/23/14		EUR	100		133,360
Banco Espirito Santo SA
3.88%, 01/21/15		EUR	150		196,439
4.75%, 01/15/18b		EUR	100		126,920
5.88%, 11/09/15b		EUR	100		133,394
Brisa Concessao Rodoviaria SA
4.50%, 12/05/16		EUR	100		134,863
6.88%, 04/02/18b		EUR	100		137,930
EDP Finance BV
3.25%, 03/16/15b		EUR	150		201,256
4.75%, 09/26/16		EUR	200		272,244
5.88%, 02/01/16b		EUR	250		349,684
Espirito Santo Financial Group SA
6.88%, 10/21/19		EUR	100		123,490
					1,809,580

16

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL EX USD HIGH YIELD CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)			Value
SPAIN — 5.59%
Abengoa SA
9.63%, 02/25/15b		EUR	200	$	272,652
Banco de Sabadell SA
6.25%, 04/26/20		EUR	50		64,484
Bankia SA
4.38%, 02/14/17		EUR	100		125,980
Bankinter SA
6.38%, 09/11/19		EUR	50		68,218
BPE Financiaciones SA
4.00%, 07/17/15b		EUR	200		265,752
Campofrio Food Group SA
8.25%, 10/31/16 (Call 10/31/13)b		EUR	125		174,836
Cirsa Funding Luxembourg SA
8.75%, 05/15/18 (Call 05/15/14)b		EUR	150		202,788
Inaer Aviation Finance Ltd.
9.50%, 08/01/17 (Call 08/01/13)b		EUR	100		132,954
Mapfre SA
5.13%, 11/16/15		EUR	300		420,149
Nara Cable Funding Ltd.
8.88%, 12/01/18 (Call 12/01/13)b		EUR	300		416,115
Obrascon Huarte Lain SA
7.38%, 04/28/15		EUR	100		139,829
8.75%, 03/15/18 (Call 03/15/15)b		EUR	100		144,837
					2,428,594
SWEDEN — 0.82%
Stena AB
6.13%, 02/01/17b		EUR	100		139,867
Verisure Holding AB
8.75%, 09/01/18 (Call 09/01/14)b		EUR	150		218,478
					358,345
SWITZERLAND — 0.66%
Sunrise Communications Holdings SA
8.50%, 12/31/18 (Call 12/31/14)b		EUR	200		286,656
					286,656
UNITED KINGDOM — 11.91%
AA Bond Co. Ltd.
9.50%, 07/31/43 (Call 01/31/16)b		GBP	100		161,080
Algeco Scotsman Global Finance PLC
9.00%, 10/15/18 (Call 10/15/15)b		EUR	100		137,211
Anglian Water Osprey Financing PLC
7.00%, 01/31/18b		GBP	100		162,926
Arqiva Broadcast Finance PLC
9.50%, 03/31/20 (Call 03/31/16)b		GBP	100		162,596
Aston Martin Capital Ltd.
9.25%, 07/15/18 (Call 07/15/14)c		GBP	100		161,459
Boparan Finance PLC
9.75%, 04/30/18 (Call 04/30/14)b		EUR	100		146,365
British Airways PLC
8.75%, 08/23/16		GBP	75		128,000
Co-Operative Group Ltd.
6.88%, 07/08/20d		GBP	100		141,939
EC Finance PLC
9.75%, 08/01/17 (Call 08/01/14)b		EUR	100		143,806
Elli Finance UK PLC
8.75%, 06/15/19 (Call 06/15/15)c		GBP	100		163,733

Security	Principal (000s)			Value
Gala Group Finance PLC
8.88%, 09/01/18 (Call 06/01/14)c		GBP	150	$	244,463
HBOS PLC
4.38%, 10/30/19 (Call 10/30/14)a		EUR	100		131,872
4.88%, 03/20/15		EUR	250		343,235
Infinis PLC
7.00%, 02/15/19 (Call 02/15/16)c		GBP	100		153,879
Jaguar Land Rover Automotive PLC
8.13%, 05/15/18 (Call 05/15/14)c		GBP	125		205,614
8.25%, 03/15/20 (Call 03/15/16)c		GBP	100		167,524
Kerling PLC
10.63%, 02/01/17 (Call 02/01/14)b		EUR	150		212,921
Matalan Finance PLC
8.88%, 04/29/16 (Call 04/30/13)c		GBP	100		153,879
New Look Bondco I PLC
8.75%, 05/14/18 (Call 05/14/15)b		GBP	100		148,573
Odeon & UCI Finco PLC
9.00%, 08/01/18 (Call 08/01/14)c		GBP	100		160,162
OTE PLC
7.88%, 02/07/18 b		EUR	150		206,232
Phones4u Finance PLC
9.50%, 04/01/18 (Call 04/01/14)c		GBP	100		158,427
Priory Group No. 3 PLC
7.00%, 02/15/18 (Call 02/15/14)c		GBP	125		192,349
R & R Ice Cream PLC
8.38%, 11/15/17 (Call 11/15/13)b		EUR	100		141,416
Rexam PLC
6.75%, 06/29/67 (Call 06/29/17)a,b		EUR	150		207,254
Royal Bank of Scotland Group PLC
4.63%, 09/22/21 (Call 09/22/16)a		EUR	150		176,113
Southern Water Greensands Financing PLC
8.50%, 04/15/19b		GBP	100		164,188
Thomas Cook Finance PLC
7.75%, 06/15/20 (Call 06/15/16)b		EUR	100		134,907
Thomas Cook Group PLC
6.75%, 06/22/15		EUR	50		69,948
7.75%, 06/22/17		GBP	50		77,887
Viridian Group
11.13%, 04/01/17b		EUR	91		127,480
William Hill PLC
7.13%, 11/11/16		GBP	50		84,050
					5,171,488
UNITED STATES — 1.18%
Allied Nevada Gold Corp.
8.75%, 06/01/19 (Call 06/01/16)c		CAD	75		59,822
Levi Strauss & Co.
7.75%, 05/15/18 (Call 05/15/14)		EUR	100		141,340
Lynx I Corp.
6.00%, 04/15/21 (Call 04/15/17)c		GBP	100		155,774
Lynx II Corp.
7.00%, 04/15/23 (Call 04/15/18)b		GBP	100		155,812
					512,748
TOTAL CORPORATE BONDS & NOTES (Cost: $40,462,179)					41,716,005

17

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL EX USD HIGH YIELD CORPORATE BOND ETF

July 31, 2013

Security	Principal or Shares (000s)			Value
FOREIGN AGENCY OBLIGATIONS — 0.62%
PORTUGAL — 0.62%
Caixa Geral de Depositos SA
5.13%, 02/19/14	EUR	100		$	133,595
5.63%, 12/04/15b	EUR	100			135,264
					268,859
TOTAL FOREIGN AGENCY OBLIGATIONS
(Cost: $267,571)					268,859
SHORT-TERM INVESTMENTS — 0.00%
MONEY MARKET FUNDS — 0.00%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%f,g		0	h		499
					499
TOTAL SHORT-TERM INVESTMENTS					499
(Cost: $499)
TOTAL INVESTMENTS IN SECURITIES — 96.68%					41,985,363
(Cost: $40,730,249)
Other Assets, Less Liabilities — 3.32%					1,439,279
NET ASSETS — 100.00%				$	43,424,642

CAD	—	Canadian Dollar
EUR	—	Euro
GBP	—	British Pound

^a Variable rate security. Rate shown is as of report date.

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

^c This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933.

^d 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.

^e Security valued using Level 3 inputs in accordance with management’s fair valuation policy. See Note 1.

^f Affiliated issuer. See Note 2.

^g The rate quoted is the annualized seven-day yield of the fund at period end.

^h Rounds to less than 1,000.

See accompanying notes to schedules of investments.

18

Schedule of Investments  (Unaudited)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)			Value
CORPORATE BONDS & NOTES — 96.72%
AUSTRALIA — 0.82%
FMG Resources (August 2006) Pty Ltd.
6.38%, 02/01/16 (Call 04/02/13)b		USD	100	$	101,372
6.88%, 02/01/18 (Call 02/01/14)b,c		USD	250		254,375
6.88%, 04/01/22 (Call 04/01/17)b		USD	100		99,039
7.00%, 11/01/15 (Call 03/04/13)b,c		USD	100		102,000
					556,786
AUSTRIA — 0.20%
Telekom Austria AG
5.63%, 12/31/49 (Call 02/01/18)d,e		EUR	100		135,886
					135,886
CANADA — 2.82%
Air Canada
10.13%, 08/01/15 (Call 03/04/13)b		CAD	50		50,824
Armtec Holdings Ltd.
8.88%, 09/22/17 (Call 09/22/13)		CAD	6		4,849
Athabasca Oil Corp.
7.50%, 11/19/17 (Call 11/19/14)e		CAD	100		93,137
Baytex Energy Corp.
6.63%, 07/19/22 (Call 07/19/17)b		CAD	50		50,581
Bombardier Inc.
6.13%, 05/15/21e		EUR	100		141,803
6.13%, 01/15/23b		USD	100		102,250
7.75%, 03/15/20b		USD	150		170,625
Brookfield Residential Properties Inc. / Brookfield Residential US Corp.
6.13%, 07/01/22 (Call 07/01/17)b		USD	25		25,630
Cara Operations Ltd.
9.13%, 12/01/15 (Call 07/29/13)		CAD	15		15,028
Centric Health Corp.
8.63%, 04/18/18 (Call 04/18/16)		CAD	20		18,093
Corus Entertainment Inc.
4.25%, 02/11/20e		CAD	50		46,326
Great Canadian Gaming Corp.
6.63%, 07/25/22 (Call 07/25/17)b		CAD	50		49,852
Inmet Mining Corp.
7.50%, 06/01/21 (Call 12/01/16)b		USD	50		50,500
8.75%, 06/01/20 (Call 06/01/16)b		USD	100		105,500
Kodiak Oil & Gas Corp.
8.13%, 12/01/19 (Call 12/01/15)		USD	50		54,885
Mattamy Group Corp.
6.88%, 11/15/20 (Call 11/15/15)b		CAD	50		48,514
MEG Energy Corp.
6.38%, 01/30/23 (Call 07/30/17)b		USD	100		99,895
Novelis Inc.
8.75%, 12/15/20 (Call 12/15/15)		USD	150		165,268
Paramount Resources Ltd.
8.25%, 12/13/17 (Call 12/13/13)		CAD	50		49,861
Precision Drilling Corp.
6.63%, 11/15/20 (Call 11/15/15)		USD	100		105,117
Quebecor Media Inc.
7.38%, 01/15/21 (Call 01/15/16)		CAD	100		104,567

Security	Principal (000s)			Value
Telesat Canada/Telesat LLC
6.00%, 05/15/17 (Call 05/15/14)b		USD	50	$	51,250
Tervita Corp.
8.00%, 11/15/18 (Call 11/15/15)b		USD	100		103,000
9.00%, 11/15/18 (Call 11/15/15)b		CAD	25		25,077
Trident Exploration Corp.
8.25%, 04/13/18 (Call 04/13/15)		CAD	25		22,555
Videotron Ltee
5.00%, 07/15/22		USD	100		99,000
5.63%, 06/15/25 (Call 03/15/25)		CAD	25		23,240
YPG Financing Inc.
9.25%, 11/30/18b		CAD	39		38,863
					1,916,090
CAYMAN ISLANDS — 1.06%
Offshore Group Investments Ltd.
7.13%, 04/01/23 (Call 04/01/18)b		USD	75		74,800
7.50%, 11/01/19 (Call 11/01/15)		USD	50		52,554
Seagate HDD Cayman
7.00%, 11/01/21 (Call 05/01/16)		USD	100		108,788
UPCB Finance III Ltd.
6.63%, 07/01/20 (Call 07/01/15)b		USD	150		160,125
UPCB Finance V Ltd.
7.25%, 11/15/21 (Call 11/15/16)b		USD	300		323,250
					719,517
FINLAND — 0.53%
Nokia OYJ
6.75%, 02/04/19		EUR	100		139,113
Stora Enso OYJ
5.00%, 03/19/18e		EUR	100		138,650
UPM-Kymmene OYJ
6.63%, 01/23/17		GBP	50		81,532
					359,295
FRANCE — 4.54%
Alcatel-Lucent
8.50%, 01/15/16e		EUR	50		71,541
Banque PSA Finance SA
4.00%, 06/24/15e		EUR	100		135,275
BPCE SA
12.50%, 12/31/49 (Call 09/30/19)b,d		USD	100		122,500
Credit Agricole SA
6.64%, 12/31/49 (Call 05/31/17)b,d		USD	100		96,500
Faurecia SA
9.38%, 12/15/16e		EUR	100		155,939
Financiere Atalian SA
7.25%, 01/15/20 (Call 01/15/17)e		EUR	100		131,955
Groupama SA
7.88%, 10/27/39 (Call 10/27/19)d		EUR	50		63,455
Lafarge SA
5.38%, 06/26/17e		EUR	250		354,879
6.63%, 11/29/18		EUR	100		148,874
8.88%, 11/24/16		EUR	100		157,727
Medi-Partenaires SAS
7.00%, 05/15/20e		EUR	100		127,921
Nexans SA
5.75%, 05/02/17		EUR	50		70,625
Peugeot SA
5.63%, 06/29/15		EUR	75		104,037

19

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)			Value
5.63%, 07/11/17		EUR	50	$	68,736
7.38%, 03/06/18e		EUR	100		140,721
Renault SA
4.63%, 09/18/17e		EUR	50		70,054
5.63%, 06/30/15		EUR	150		211,762
Rexel SA
5.13%, 06/15/20 (Call 06/15/16)e		EUR	100		135,556
6.13%, 12/15/19 (Call 12/15/15)b		USD	200		207,500
Societe Generale
5.92%, 12/31/49 (Call 04/05/17)b,d		USD	100		98,500
Tereos Finance Group I
4.25%, 03/04/20 (Call 03/04/19)		EUR	100		130,876
Wendel SA
4.38%, 08/09/17		EUR	100		138,818
4.88%, 05/26/16		EUR	100		141,091
					3,084,842
GERMANY — 3.79%
Beverage Packaging Holdings (Luxembourg) II SA
9.50%, 06/15/17 (Call 03/01/13)e		EUR	100		135,666
Commerzbank AG
7.75%, 03/16/21		EUR	200		276,458
Franz Haniel & Cie GmbH
7.13%, 02/01/17		EUR	100		149,290
Hapag-Lloyd AG
9.00%, 10/15/15 (Call 10/15/13)e		EUR	100		138,503
Heidelberger Druckmaschinen AG
9.25%, 04/15/18 (Call 04/15/14)e		EUR	50		67,056
Kabel Deutschland Vertrieb und Service GmbH
6.50%, 06/29/18 (Call 06/30/14)e		EUR	100		141,790
Kinove German Bondco GmbH
10.00%, 06/15/18 (Call 06/15/14)e		EUR	90		132,586
Norddeutsche Landesbank Girozentrale
6.00%, 06/29/20		EUR	50		72,381
Styrolution Group GmbH
7.63%, 05/15/16 (Call 05/15/13)e		EUR	100		138,215
Techem Energy Metering Service GmbH & Co. KG
6.13%, 10/01/19 (Call 10/01/15)e		EUR	100		142,855
ThyssenKrupp AG
4.00%, 08/27/18		EUR	75		101,695
4.38%, 02/28/17		EUR	100		138,462
ThyssenKrupp Finance Nederland BV
8.50%, 02/25/16		EUR	75		113,155
Trionista TopCo GmbH
6.88%, 04/30/21 (Call 04/30/16)e		EUR	100		136,105
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
5.50%, 09/15/22 (Call 09/15/17)e		EUR	100		131,464
5.75%, 01/15/23 (Call 01/15/18)e		EUR	100		132,347
7.50%, 03/15/19 (Call 03/15/15)e		EUR	100		143,415
UPCB Finance II Ltd.
6.38%, 07/01/20 (Call 07/01/15)e		EUR	100		140,503
UPCB Finance Ltd.
7.63%, 01/15/20 (Call 01/15/15)e		EUR	100		143,629
					2,575,575
GREECE — 0.30%
OTE PLC
4.63%, 05/20/16		EUR	50		64,124
7.25%, 02/12/15e,f		EUR	100		136,403
					200,527

Security	Principal (000s)			Value
IRELAND — 1.44%
Allied Irish Banks PLC
5.63%, 11/12/14e		EUR	100	$	135,994
Ardagh Packaging Finance PLC
7.38%, 10/15/17 (Call 10/15/14)e		EUR	150		210,962
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
9.13%, 10/15/20 (Call 10/15/15)b		USD	200		217,000
Nara Cable Funding Ltd.
8.88%, 12/01/18 (Call 12/01/13)b		USD	200		209,000
Rottapharm Ltd.
6.13%, 11/15/19 (Call 11/15/15)e		EUR	100		136,277
Smurfit Kappa Acquisitions
7.75%, 11/15/19 (Call 11/15/14)e		EUR	50		72,451
					981,684
ITALY — 1.99%
Banca Monte dei Paschi di Siena SpA
5.00%, 04/21/20e		EUR	100		118,179
Banca Popolare di Milano Scarl
7.13%, 03/01/21e		EUR	100		135,693
Banca Popolare di Vicenza
6.75%, 02/27/15e		EUR	100		138,266
Banco Popolare
5.47%, 11/12/16e		EUR	50		66,891
6.00%, 11/05/20e		EUR	50		65,480
Buzzi Unicem SpA
5.13%, 12/09/16e		EUR	50		70,000
Fiat Finance North America Inc.
5.63%, 06/12/17		EUR	100		137,795
Gruppo Editoriale L’Espresso SpA
5.13%, 10/27/14		EUR	50		67,755
GTECH SpA
8.25%, 03/31/66 (Call 03/31/16)d,e		EUR	50		70,080
Intesa Sanpaolo SpA
6.63%, 05/08/18		EUR	100		139,601
Italcementi Finance SA
6.63%, 03/19/20e,f		EUR	50		68,892
UniCredit SpA
6.70%, 06/05/18		EUR	50		69,878
Unipol Gruppo Finanziario SpA
5.00%, 01/11/17e		EUR	50		68,059
Veneto Banca SCPA
4.00%, 07/31/15e		EUR	100		133,199
					1,349,768
LUXEMBOURG — 7.10%
ArcelorMittal SA
4.25%, 08/05/15c		USD	150		155,439
5.88%, 11/17/17		EUR	200		287,187
6.00%, 03/01/21		USD	100		100,738
6.13%, 06/01/18		USD	300		315,252
10.35%, 06/01/19		USD	150		181,364
CHC Helicopter SA
9.25%, 10/15/20 (Call 10/15/15)		USD	100		104,012
ConvaTec Healthcare E SA
7.38%, 12/15/17 (Call 12/15/13)e		EUR	100		141,420
Fiat Finance & Trade SA
6.38%, 04/01/16e		EUR	250		349,258
6.75%, 10/14/19e		EUR	100		137,039
7.63%, 09/15/14		EUR	100		140,066

20

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)			Value
7.75%, 10/17/16e		EUR	100	$	144,581
Fiat Industrial Finance Europe SA
5.25%, 03/11/15e		EUR	100		139,004
FMC Finance VIII SA
5.25%, 07/31/19e		EUR	50		73,048
HeidelbergCement Finance Luxembourg SA
6.50%, 08/03/15e		EUR	100		144,612
6.75%, 12/15/15e		EUR	100		147,607
8.50%, 10/31/19e		EUR	50		83,782
Ineos Group Holdings SA
6.50%, 08/15/18 (Call 05/15/15)e		EUR	100		130,212
7.88%, 02/15/16 (Call 03/01/13)e		EUR	34		45,118
Intelsat (Luxembourg) SA
7.75%, 06/01/21 (Call 06/01/17)b		USD	100		105,000
8.13%, 06/01/23 (Call 06/01/18)b		USD	100		107,500
Intelsat Jackson Holdings SA
5.50%, 08/01/23 (Call 08/01/18)b		USD	70		67,200
6.63%, 12/15/22 (Call 12/15/17)b		USD	100		102,125
7.25%, 04/01/19 (Call 04/01/15)		USD	200		216,000
7.25%, 10/15/20 (Call 10/15/15)c		USD	100		108,375
KION Finance SA
6.75%, 02/15/20 (Call 02/15/16)e		EUR	100		143,906
NII International Telecom SCA
7.88%, 08/15/19 (Call 02/15/17)b		USD	50		47,750
11.38%, 08/15/19 (Call 02/15/17)b		USD	50		54,625
Ontex IV SA
7.50%, 04/15/18 (Call 04/15/14)e		EUR	100		138,511
Spie BondCo 3 SCA
11.00%, 08/15/19 (Call 08/15/15)e		EUR	100		147,557
Telenet Finance V Luxembourg SCA
6.25%, 08/15/22 (Call 08/15/17)e		EUR	100		136,526
Trinseo Materials Operating SCA/Trinseo Materials Finance Inc.
8.75%, 02/01/19 (Call 08/01/15)b		USD	75		74,383
Wind Acquisition Finance SA
7.25%, 02/15/18 (Call 11/15/13)b		USD	200		207,000
7.38%, 02/15/18 (Call 11/15/13)e		EUR	100		137,789
11.75%, 07/15/17 (Call 07/15/13)e		EUR	150		210,630
					4,824,616
MEXICO — 0.24%
NII Capital Corp.
7.63%, 04/01/21 (Call 04/01/16)c		USD	100		80,500
8.88%, 12/15/19 (Call 12/15/14)		USD	50		43,500
10.00%, 08/15/16 (Call 08/15/13)		USD	40		40,100
					164,100
NETHERLANDS — 3.97%
Conti-Gummi Finance BV
7.50%, 09/15/17 (Call 09/15/13)e		EUR	100		138,701
EDP Finance BV
3.75%, 06/22/15		EUR	100		135,640
4.90%, 10/01/19b		USD	150		147,039
5.75%, 09/21/17e		EUR	150		212,158
Fresenius Finance BV
4.25%, 04/15/19e		EUR	100		142,226
GMAC International Finance BV
7.50%, 04/21/15e		EUR	50		71,488
HeidelbergCement Finance BV
8.00%, 01/31/17e		EUR	200		312,842
Nokia Siemens Networks Finance BV
6.75%, 04/15/18 (Call 04/15/15)e		EUR	100		137,101

Security	Principal (000s)			Value
NXP BV/NXP Funding LLC
9.75%, 08/01/18 (Call 08/01/14)b		USD	100	$	111,500
OI European Group BV
6.75%, 09/15/20e		EUR	100		151,585
Phoenix PIB Dutch Finance BV
3.13%, 05/27/20e		EUR	100		126,152
Portugal Telecom International Finance BV
4.38%, 03/24/17		EUR	50		67,056
4.63%, 05/08/20e		EUR	100		126,893
5.00%, 11/04/19e		EUR	100		131,258
Schaeffler Finance BV
4.75%, 05/15/21 (Call 05/15/16)b,c		USD	200		193,500
7.75%, 02/15/17e		EUR	100		148,564
Sensata Technologies BV
4.88%, 10/15/23b		USD	25		24,019
6.50%, 05/15/19 (Call 05/15/15)b		USD	100		106,215
UPC Holding BV
8.38%, 08/15/20 (Call 08/15/15)e		EUR	50		72,869
Ziggo Bond Co. BV
8.00%, 05/15/18 (Call 05/15/14)e		EUR	100		142,014
					2,698,820
NORWAY — 0.06%
Norske Skogindustrier ASA
7.00%, 06/26/17e		EUR	50		38,591
					38,591
PORTUGAL — 0.39%
Banco Espirito Santo SA
3.88%, 01/21/15		EUR	50		65,480
5.88%, 11/09/15e		EUR	100		133,394
Brisa Concessao Rodoviaria SA
4.50%, 12/05/16		EUR	50		67,431
					266,305
SINGAPORE — 0.29%
Flextronics International Ltd.
4.63%, 02/15/20b		USD	200		197,116
					197,116
SPAIN — 1.67%
Abengoa SA
8.50%, 03/31/16		EUR	50		67,196
9.63%, 02/25/15e		EUR	50		68,163
Bankia SA
4.38%, 02/14/17		EUR	100		125,980
BBVA International Preferred SAU
5.92%, 12/31/49 (Call 04/18/17)d		USD	50		45,375
BPE Financiaciones SA
4.00%, 07/17/15e		EUR	100		132,876
Campofrio Food Group SA
8.25%, 10/31/16 (Call 10/31/13)e		EUR	100		139,869
Cirsa Funding Luxembourg SA
8.75%, 05/15/18 (Call 05/15/14)e		EUR	50		67,596
Inaer Aviation Finance Ltd.
9.50%, 08/01/17 (Call 08/01/13)e		EUR	50		66,477
Mapfre SA
5.13%, 11/16/15		EUR	100		140,050

21

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)			Value
Nara Cable Funding Ltd.
8.88%, 12/01/18 (Call 12/01/13)e		EUR	100	$	138,705
Obrascon Huarte Lain SA
7.38%, 04/28/15		EUR	100		139,829
					1,132,116
SWEDEN — 0.21%
Verisure Holding AB
8.75%, 09/01/18 (Call 09/01/14)e		EUR	100		145,652
					145,652
SWITZERLAND — 0.21%
Sunrise Communications Holdings SA
8.50%, 12/31/18 (Call 12/31/14)e		EUR	100		143,328
					143,328
UNITED KINGDOM — 4.34%
Algeco Scotsman Global Finance PLC
8.50%, 10/15/18 (Call 10/15/15)b,c		USD	200		205,000
9.00%, 10/15/18 (Call 10/15/15)e		EUR	100		137,211
Arqiva Broadcast Finance PLC
9.50%, 03/31/20 (Call 03/31/16)e		GBP	100		162,596
British Airways PLC
8.75%, 08/23/16		GBP	50		85,333
CEVA Group PLC
8.38%, 12/01/17 (Call 12/01/13)b		USD	75		75,000
Co-Operative Group Ltd.
6.88%, 07/08/20f		GBP	100		141,939
EC Finance PLC
9.75%, 08/01/17 (Call 08/01/14)e		EUR	100		143,806
Eco-Bat Finance PLC
7.75%, 02/15/17 (Call 02/15/14)e		EUR	100		134,555
HBOS PLC
4.88%, 03/20/15		EUR	100		137,294
6.75%, 05/21/18b		USD	100		108,313
Infinis PLC
7.00%, 02/15/19 (Call 02/15/16)b		GBP	100		153,879
Jaguar Land Rover Automotive PLC
8.13%, 05/15/21 (Call 05/15/16)b		USD	150		166,458
8.25%, 03/15/20 (Call 03/15/16)e		GBP	100		167,523
Kerling PLC
10.63%, 02/01/17 (Call 02/01/14)e		EUR	50		70,974
Phones4u Finance PLC
9.50%, 04/01/18 (Call 04/01/14)b		GBP	100		158,427
Priory Group No. 3 PLC
7.00%, 02/15/18 (Call 02/15/14)b		GBP	100		153,879
Rexam PLC
6.75%, 06/29/67 (Call 06/29/17)d,e		EUR	50		69,085
Royal Bank of Scotland Group PLC
4.63%, 09/22/21 (Call 09/22/16)d		EUR	100		117,409
5.05%, 01/08/15		USD	100		102,350
6.10%, 06/10/23		USD	75		71,766
6.13%, 12/15/22		USD	150		144,452
Thomas Cook Finance PLC
7.75%, 06/15/20 (Call 06/15/16)e		EUR	100		134,907
Virgin Media Finance PLC
8.38%, 10/15/19 (Call 10/15/14)		USD	100		108,668
					2,950,824

Security	Principal (000s)			Value
UNITED STATES — 60.75%
Access Midstream Partners LP/ACMP Finance Corp.
4.88%, 05/15/23 (Call 12/15/17)		USD	100	$	95,218
6.13%, 07/15/22 (Call 01/15/17)		USD	50		52,165
Advanced Micro Devices Inc.
7.50%, 08/15/22c		USD	50		48,530
8.13%, 12/15/17 (Call 12/15/13)		USD	100		103,698
AES Corp. (The)
8.00%, 10/15/17		USD	250		289,783
Aircastle Ltd.
6.25%, 12/01/19		USD	50		52,687
6.75%, 04/15/17		USD	100		107,936
Alere Inc.
7.25%, 07/01/18 (Call 12/15/15)b		USD	50		54,250
8.63%, 10/01/18 (Call 10/01/14)		USD	50		54,000
Aleris International Inc.
7.88%, 11/01/20 (Call 11/01/15)		USD	50		52,250
Ally Financial Inc.
3.13%, 01/15/16c		USD	100		100,546
4.63%, 06/26/15		USD	100		103,380
5.50%, 02/15/17		USD	100		106,034
6.25%, 12/01/17		USD	100		108,940
6.75%, 12/01/14		USD	100		105,750
8.00%, 03/15/20		USD	250		294,375
8.30%, 02/12/15		USD	100		108,128
Alpha Natural Resources Inc.
6.00%, 06/01/19 (Call 06/01/14)c		USD	100		85,345
9.75%, 04/15/18		USD	50		51,500
AMC Entertainment Inc.
9.75%, 12/01/20 (Call 12/01/15)		USD	100		113,907
AMC Networks Inc.
4.75%, 12/15/22 (Call 12/15/17)c		USD	100		97,243
American Axle & Manufacturing Inc.
6.25%, 03/15/21 (Call 03/15/16)		USD	50		52,625
AmeriGas Finance LLC/AmeriGas Finance Corp.
6.75%, 05/20/20 (Call 05/20/16)		USD	100		106,796
7.00%, 05/20/22 (Call 05/20/17)		USD	100		106,117
Ameristar Casinos Inc.
7.50%, 04/15/21 (Call 04/15/15)		USD	100		106,750
Antero Resources Finance Corp.
6.00%, 12/01/20 (Call 12/01/15)		USD	50		50,250
7.25%, 08/01/19 (Call 08/01/14)		USD	50		52,899
APX Group Inc.
6.38%, 12/01/19 (Call 12/01/15)b		USD	50		48,750
8.75%, 12/01/20 (Call 12/01/15)b		USD	50		50,000
ARAMARK Corp.
5.75%, 03/15/20 (Call 03/15/15)b		USD	100		104,000
Arch Coal Inc.
7.00%, 06/15/19 (Call 06/15/15)c		USD	200		163,445
Ashland Inc.
3.88%, 04/15/18 (Call 03/15/18)b		USD	100		100,710
4.75%, 08/15/22b		USD	50		49,369
Atlas Pipeline Partners LP
4.75%, 11/15/21 (Call 05/15/16)b		USD	50		45,772
Avaya Inc.
7.00%, 04/01/19 (Call 04/01/15)b,c		USD	50		45,875
10.50%, 03/01/21 (Call 03/01/17)b,c		USD	100		76,250
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
8.25%, 01/15/19 (Call 10/15/14)		USD	100		109,336
Axiall Corp.
4.88%, 05/15/23 (Call 05/15/18)b		USD	50		47,594

22

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)			Value
B/E Aerospace Inc.
6.88%, 10/01/20 (Call 10/01/15)		USD	100	$	108,750
Ball Corp.
5.75%, 05/15/21 (Call 11/15/15)		USD	100		106,500
Berry Plastics Corp.
9.50%, 05/15/18 (Call 05/15/14)		USD	100		108,874
Bill Barrett Corp.
7.00%, 10/15/22 (Call 10/15/17)		USD	100		101,680
Biomet Inc.
6.50%, 08/01/20 (Call 08/01/15)		USD	125		131,562
6.50%, 10/01/20 (Call 10/01/15)		USD	50		51,375
Boyd Gaming Corp.
9.13%, 12/01/18 (Call 12/01/14)		USD	25		26,723
Building Materials Corp. of America
6.75%, 05/01/21 (Call 05/01/16)b		USD	100		107,750
Cablevision Systems Corp.
7.75%, 04/15/18		USD	150		166,125
8.00%, 04/15/20		USD	75		84,562
Caesars Entertainment Operating Co. Inc.
9.00%, 02/15/20 (Call 02/15/16)b,c			300		281,250
12.75%, 04/15/18 (Call 04/15/14)		USD	50		31,158
Calpine Corp.
7.50%, 02/15/21 (Call 11/01/15)b		USD	315		337,837
Case New Holland Inc.
7.88%, 12/01/17		USD	100		117,463
CBRE Services Inc.
5.00%, 03/15/23 (Call 03/15/18)		USD	50		47,875
CC Holdings GS V LLC / Crown Castle GS III Corp.
3.85%, 04/15/23		USD	100		94,069
CCO Holdings LLC/CCO Holdings Capital Corp.
5.25%, 09/30/22 (Call 09/30/17)		USD	100		93,000
5.75%, 09/01/23b		USD	75		70,312
5.75%, 01/15/24 (Call 07/15/18)		USD	50		46,750
6.50%, 04/30/21 (Call 04/30/15)		USD	150		154,312
6.63%, 01/31/22 (Call 01/31/17)		USD	100		102,250
7.00%, 01/15/19 (Call 01/15/14)		USD	100		105,500
7.38%, 06/01/20 (Call 12/01/15)		USD	150		160,875
CDW LLC/CDW Finance Corp.
8.50%, 04/01/19 (Call 04/01/15)		USD	100		110,250
Celanese U.S. Holdings LLC
6.63%, 10/15/18 (Call 10/15/14)		USD	100		106,763
Cengage Learning Acquisitions Inc.
11.50%, 04/15/20 (Call 04/15/16)b,g		USD	25		18,750
CenturyLink Inc. Series V
5.63%, 04/01/20		USD	100		102,000
5.80%, 03/15/22		USD	100		100,000
6.00%, 04/01/17		USD	100		108,500
6.45%, 06/15/21		USD	150		159,375
Cequel Communications Holdings I LLC/Cequel Capital Corp.
5.13%, 12/15/21 (Call 06/15/16)b		USD	25		24,000
6.38%, 09/15/20 (Call 09/15/15)b		USD	100		102,750
Ceridian Corp.
11.00%, 03/15/21 (Call 03/15/16)b		USD	50		57,313
11.25%, 11/15/15 (Call 03/04/13)		USD	100		102,000
Chaparral Energy Inc.
7.63%, 11/15/22 (Call 04/15/17)		USD	100		103,227
Chesapeake Energy Corp.
3.25%, 03/15/16 (Call 03/15/14)		USD	50		50,261
5.75%, 03/15/23c		USD	100		101,190
6.13%, 02/15/21c		USD	100		105,994
6.25%, 01/15/17		EUR	50		70,398
6.63%, 08/15/20		USD	200		217,007

Security	Principal (000s)			Value
Chesapeake Oilfield Operating LLC/Chesapeake Oilfield Finance Inc.
6.63%, 11/15/19		USD	50	$	50,003
Chrysler Group LLC/CG Co-Issuer Inc.
8.00%, 06/15/19 (Call 06/15/15)c		USD	200		218,200
Cincinnati Bell Inc.
8.38%, 10/15/20 (Call 10/15/15)c		USD	81		85,657
Cinemark USA Inc.
5.13%, 12/15/22 (Call 12/15/17)		USD	50		48,261
CIT Group Inc.
4.25%, 08/15/17		USD	150		154,048
4.75%, 02/15/15b		USD	100		103,625
5.00%, 05/15/17		USD	100		105,875
5.25%, 03/15/18		USD	150		159,911
5.38%, 05/15/20		USD	75		78,377
5.50%, 02/15/19b		USD	150		158,043
CityCenter Holdings LLC/CityCenter Finance Corp.
7.63%, 01/15/16 (Call 01/15/14)		USD	100		105,875
Claire’s Stores Inc. Series 144a
9.00%, 03/15/19 (Call 03/15/15)b		USD	100		112,750
Clean Harbors Inc.
5.13%, 06/01/21 (Call 12/01/16)c		USD	100		102,000
5.25%, 08/01/20 (Call 08/01/16)		USD	100		102,750
Clear Channel Communications Inc.
9.00%, 12/15/19		USD	125		124,687
9.00%, 03/01/21 (Call 03/01/16)		USD	150		147,937
10.75%, 08/01/16 (Call 03/04/13)		USD	50		46,250
11.25%, 03/01/21		USD	25		26,500
Clear Channel Worldwide Holdings Inc.
6.50%, 11/15/22		USD	150		156,375
Series B
7.63%, 03/15/20 (Call 03/15/15)		USD	125		131,875
Clearwire Communications LLC/Clearwire Finance Inc.
12.00%, 12/01/15 (Call 03/04/13)b		USD	150		159,000
CNH Capital LLC
3.88%, 11/01/15		USD	100		102,353
Commercial Metals Co.
7.35%, 08/15/18		USD	100		109,855
CommScope Inc.
8.25%, 01/15/19 (Call 01/15/15)b		USD	100		109,625
Community Health Systems Inc.
5.13%, 08/15/18 (Call 08/15/15)		USD	150		153,000
7.13%, 07/15/20 (Call 07/15/16)		USD	100		102,250
8.00%, 11/15/19 (Call 11/15/15)		USD	100		105,500
Concho Resources Inc.
5.50%, 04/01/23 (Call 10/01/17)		USD	100		99,979
6.50%, 01/15/22 (Call 01/15/17)		USD	100		107,477
CONSOL Energy Inc.
8.00%, 04/01/17 (Call 04/01/14)		USD	150		159,884
Constellation Brands Inc.
6.00%, 05/01/22		USD	150		162,562
7.25%, 05/15/17		USD	100		114,000
Continental Resources Inc.
4.50%, 04/15/23		USD	100		97,520
5.00%, 09/15/22 (Call 03/15/17)		USD	100		100,739
Cricket Communications Inc.
7.75%, 10/15/20 (Call 10/15/15)		USD	100		113,750
Crown Americas LLC/Crown Americas Capital Corp. IV
4.50%, 01/15/23b		USD	100		93,854
Crown Castle International Corp.
5.25%, 01/15/23		USD	100		96,250
CSC Holdings LLC
6.75%, 11/15/21		USD	100		109,000
DaVita HealthCare Partners Inc.

23

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)			Value
5.75%, 08/15/22 (Call 08/15/17)		USD	50	$	50,564
6.38%, 11/01/18 (Call 11/01/13)		USD	100		105,375
6.63%, 11/01/20 (Call 11/01/14)		USD	100		106,750
DCP Midstream LLC
5.85%, 05/21/43 (Call 05/21/23)b,d		USD	100		94,500
Dean Foods Co.
7.00%, 06/01/16		USD	100		110,500
Del Monte Corp.
7.63%, 02/15/19 (Call 02/15/14)		USD	100		104,000
Delphi Corp.
6.13%, 05/15/21 (Call 05/15/16)		USD	100		109,220
Denbury Resources Inc.
4.63%, 07/15/23 (Call 01/15/18)		USD	100		91,226
8.25%, 02/15/20 (Call 02/15/15)		USD	100		109,673
DISH DBS Corp.
4.25%, 04/01/18b		USD	100		98,660
4.63%, 07/15/17		USD	100		101,629
5.00%, 03/15/23		USD	75		70,598
5.88%, 07/15/22		USD	150		150,003
6.75%, 06/01/21		USD	150		159,809
7.75%, 05/31/15		USD	150		162,854
7.88%, 09/01/19		USD	150		170,999
DJO Finance LLC/DJO Finance Corp.
9.88%, 04/15/18 (Call 04/15/15)		USD	50		52,875
DPL Inc.
6.50%, 10/15/16 (Call 09/15/16)		USD	50		53,054
7.25%, 10/15/21 (Call 07/15/21)		USD	100		103,692
DR Horton Inc.
3.63%, 02/15/18 (Call 11/15/17)		USD	100		98,250
E*TRADE Financial Corp.
6.00%, 11/15/17 (Call 11/15/14)		USD	100		104,000
Eagle Spinco Inc.
4.63%, 02/15/21 (Call 02/15/18)b		USD	100		96,144
El Paso Corp.
7.00%, 06/15/17		USD	100		111,083
Emergency Medical Services Corp.
8.13%, 06/01/19 (Call 06/01/14)		USD	50		54,250
Endo Health Solutions Inc.
7.00%, 07/15/19 (Call 07/15/15)		USD	100		104,500
Energy Future Intermediate Holding Co. LLC/EFIH Finance Inc.
10.00%, 12/01/20 (Call 12/01/15)b		USD	250		270,312
12.25%, 03/01/22 (Call 03/01/17)b,c		USD	100		111,000
Energy Transfer Equity LP
7.50%, 10/15/20		USD	150		169,948
Energy XXI Gulf Coast Inc.
9.25%, 12/15/17 (Call 12/15/14)		USD	100		110,277
EP Energy LLC/EP Energy Finance Inc.
Series WI
9.38%, 05/01/20 (Call 05/01/16)		USD	100		114,069
EP Energy LLC/Everest Acquisition Finance Inc. Series WI
6.88%, 05/01/19 (Call 05/01/15)		USD	100		107,077
Equinix Inc.
4.88%, 04/01/20		USD	25		24,625
5.38%, 04/01/23 (Call 04/01/18)		USD	100		99,776
7.00%, 07/15/21 (Call 07/15/16)		USD	100		110,464
Felcor Lodging LP
5.63%, 03/01/23 (Call 03/01/18)		USD	50		48,875
First Data Corp.
6.75%, 11/01/20 (Call 11/01/15)b		USD	150		156,539
7.38%, 06/15/19 (Call 06/15/15)b		USD	150		158,625
8.25%, 01/15/21 (Call 01/15/16)b,c		USD	100		104,520
8.88%, 08/15/20 (Call 08/15/15)b,c		USD	150		165,075

Security	Principal (000s)			Value
10.63%, 06/15/21 (Call 04/15/16)b		USD	50	$	50,588
11.25%, 03/31/16 (Call 03/04/13)c		USD	138		137,466
11.25%, 01/15/21 (Call 01/15/16)b,c		USD	50		51,750
11.75%, 08/15/21 (Call 05/15/16)b		USD	50		47,684
12.63%, 01/15/21 (Call 01/15/16)		USD	200		219,500
Forest Oil Corp.
7.25%, 06/15/19 (Call 04/01/13)		USD	50		48,874
7.50%, 09/15/20 (Call 09/15/16)b		USD	50		48,787
Freescale Semiconductor Inc.
9.25%, 04/15/18 (Call 04/15/14)b		USD	200		216,510
10.75%, 08/01/20 (Call 08/01/15)		USD	50		56,008
Fresenius Medical Care US Finance II Inc.
5.63%, 07/31/19b		USD	200		211,500
Frontier Communications Corp.
7.63%, 04/15/24		USD	100		101,000
8.25%, 04/15/17		USD	200		227,000
8.50%, 04/15/20c		USD	100		110,760
8.75%, 04/15/22		USD	50		55,250
General Motors Financial Co. Inc.
4.25%, 05/15/23b		USD	5		4,815
4.75%, 08/15/17b		USD	100		104,551
GenOn Energy Inc.
9.50%, 10/15/18c		USD	100		114,242
9.88%, 10/15/20 (Call 10/15/15)		USD	100		112,699
Goodyear Tire & Rubber Co. (The)
6.50%, 03/01/21 (Call 03/01/16)		USD	100		104,500
8.25%, 08/15/20 (Call 08/15/15)		USD	100		111,250
Grifols Inc.
8.25%, 02/01/18 (Call 02/01/14)		USD	100		108,500
Halcon Resources Corp.
8.88%, 05/15/21 (Call 11/15/16)		USD	75		75,802
9.75%, 07/15/20 (Call 07/15/16)		USD	50		51,862
Hanesbrands Inc.
6.38%, 12/15/20 (Call 12/15/15)		USD	100		109,500
Harbinger Group Inc.
7.88%, 07/15/19 (Call 01/15/16)b		USD	50		51,500
Harrah’s Operating Co. Inc.
10.00%, 12/15/18 (Call 12/15/13)		USD	300		160,500
10.75%, 02/01/16 (Call 03/04/13)		USD	25		20,158
11.25%, 06/01/17 (Call 06/01/13)		USD	150		156,000
Hawk Acquisition Sub Inc.
4.25%, 10/15/20 (Call 04/15/15)b		USD	200		190,500
HCA Holdings Inc.
6.25%, 02/15/21c		USD	75		77,625
7.75%, 05/15/21 (Call 11/15/15)c		USD	100		108,750
HCA Inc.
5.88%, 03/15/22		USD	100		106,000
5.88%, 05/01/23		USD	100		101,250
6.50%, 02/15/16c		USD	100		108,625
6.50%, 02/15/20c		USD	400		439,500
7.25%, 09/15/20 (Call 03/15/15)		USD	100		109,375
7.50%, 02/15/22		USD	100		112,250
8.50%, 04/15/19 (Call 04/15/14)		USD	150		162,187
HD Supply Inc.
7.50%, 07/15/20 (Call 10/15/16)b		USD	50		53,000
10.50%, 01/15/21 (Call 01/15/16)		USD	100		103,007
11.00%, 04/15/20 (Call 04/15/16)		USD	100		120,000
11.50%, 07/15/20 (Call 10/15/16)		USD	50		59,250
Health Management Associates Inc.
7.38%, 01/15/20 (Call 01/15/16)c		USD	100		113,500
HERCULES OFFSHORE Inc. 07/21 8.75
8.75%, 07/15/21b		USD	50		52,344
Hertz Corp. (The)

24

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)			Value
5.88%, 10/15/20 (Call 10/15/15)		USD	100	$	104,561
6.75%, 04/15/19 (Call 04/15/15)		USD	150		161,500
Hexion U.S. Finance Corp.
6.63%, 04/15/20 (Call 04/15/15)b		USD	75		76,687
Hexion U.S. Finance Corp./Hexion Nova Scotia Finance ULC
9.00%, 11/15/20 (Call 11/15/15)		USD	100		101,625
Hologic Inc.
6.25%, 08/01/20 (Call 08/01/15)		USD	100		106,000
Hughes Satellite Systems Corp.
7.63%, 06/15/21c		USD	100		108,250
Huntington Ingalls Industries Inc.
7.13%, 03/15/21 (Call 03/15/16)		USD	50		54,800
Huntsman International LLC
8.63%, 03/15/21 (Call 09/15/15)		USD	100		113,000
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
7.75%, 01/15/16 (Call 02/19/13)		USD	100		103,838
8.00%, 01/15/18 (Call 01/15/14)		USD	100		105,543
IMS Health Inc.
6.00%, 11/01/20 (Call 11/01/15)b		USD	150		154,875
Infor US Inc.
9.38%, 04/01/19 (Call 04/01/15)		USD	100		111,250
ING U.S. Inc.
5.65%, 05/15/53 (Call 05/15/23)b,d		USD	50		47,500
International Lease Finance Corp.
4.88%, 04/01/15		USD	200		206,084
5.75%, 05/15/16		USD	100		105,458
5.88%, 04/01/19		USD	150		156,572
5.88%, 08/15/22		USD	100		101,750
8.25%, 12/15/20		USD	200		234,004
8.63%, 09/15/15		USD	100		111,220
8.75%, 03/15/17		USD	200		229,785
inVentiv Health Inc.
9.00%, 01/15/18 (Call 01/15/16)b		USD	25		26,094
11.00%, 08/15/18 (Call 08/15/14)b		USD	25		20,875
Iron Mountain Inc.
5.75%, 08/15/24 (Call 08/15/17)		USD	75		70,894
7.75%, 10/01/19 (Call 10/01/15)		USD	100		110,211
Jarden Corp.
7.50%, 05/01/17		USD	50		55,750
JC Penney Corp. Inc.
5.65%, 06/01/20		USD	75		60,750
Kinder Morgan Finance Co. LLC
6.00%, 01/15/18b		USD	100		107,812
Kinetic Concepts Inc. / KCI USA Inc.
10.50%, 11/01/18 (Call 11/01/15)		USD	100		109,875
12.50%, 11/01/19 (Call 11/01/15)c		USD	50		52,500
L Brands Inc.
5.63%, 02/15/22		USD	100		103,250
6.63%, 04/01/21		USD	100		109,500
6.90%, 07/15/17		USD	100		113,000
Lamar Media Corp.
5.00%, 05/01/23 (Call 05/01/18)		USD	50		48,151
Laredo Petroleum Inc.
9.50%, 02/15/19 (Call 02/15/15)		USD	100		111,109
Laureate Education Inc.
9.25%, 09/01/19 (Call 09/01/15)b		USD	50		54,000
Lear Corp.
4.75%, 01/15/23 (Call 01/15/18)b,c		USD	25		24,385
Lennar Corp.
4.75%, 12/15/17 (Call 09/15/17)		USD	100		102,500
Level 3 Financing Inc.
8.13%, 07/01/19 (Call 07/01/15)c		USD	200		216,500
8.63%, 07/15/20 (Call 01/15/16)		USD	100		110,250

Security	Principal (000s)			Value
Linn Energy LLC/Linn Energy Finance Corp.
6.25%, 11/01/19 (Call 11/01/15)b		USD	200	$	189,890
7.75%, 02/01/21 (Call 09/15/15)		USD	100		101,291
8.63%, 04/15/20 (Call 04/15/15)		USD	100		104,470
Lynx I Corp.
5.38%, 04/15/21 (Call 04/15/17)b		USD	200		200,500
6.00%, 04/15/21 (Call 04/15/17)e		GBP	100		155,483
MarkWest Energy Partners LP/MarkWest Energy Finance Corp.
4.50%, 07/15/23 (Call 04/15/23)		USD	100		93,953
6.75%, 11/01/20 (Call 11/01/15)		USD	150		160,404
Masco Corp.
6.13%, 10/03/16		USD	150		166,875
McClatchy Co. (The)
9.00%, 12/15/22 (Call 12/15/17)b		USD	100		107,920
MetroPCS Wireless Inc.
6.63%, 11/15/20 (Call 11/15/15)		USD	100		104,000
6.63%, 04/01/23 (Call 04/01/18)b		USD	200		202,500
7.88%, 09/01/18 (Call 09/01/14)		USD	100		108,500
MGM Resorts International
6.63%, 12/15/21c		USD	175		184,572
7.50%, 06/01/16		USD	100		110,564
7.63%, 01/15/17		USD	100		111,818
8.63%, 02/01/19		USD	150		173,705
Midstates Petroleum Co. Inc./Midstates Petroleum Co. LLC
9.25%, 06/01/21 (Call 06/01/16)b		USD	50		49,136
Momentive Performance Materials Inc.
8.88%, 10/15/20 (Call 10/15/15)		USD	50		53,311
9.00%, 01/15/21 (Call 01/15/16)c		USD	75		67,875
Nationstar Mortgage LLC / Nationstar Capital Corp.
7.88%, 10/01/20 (Call 10/01/16)		USD	100		106,250
Navistar International Corp.
8.25%, 11/01/21 (Call 11/01/14)		USD	100		101,500
NCR Corp.
5.00%, 07/15/22 (Call 07/15/17)		USD	50		48,563
Newfield Exploration Co.
5.75%, 01/30/22		USD	100		102,749
6.88%, 02/01/20 (Call 02/01/15)		USD	100		106,745
NGPL PipeCo LLC
9.63%, 06/01/19 (Call 06/01/15)b,c		USD	100		105,414
Nielsen Finance LLC/Nielsen Finance Co.
4.50%, 10/01/20 (Call 10/01/16)b		USD	50		49,001
7.75%, 10/15/18 (Call 10/15/14)		USD	75		81,773
NRG Energy Inc.
7.63%, 01/15/18c		USD	100		111,891
7.63%, 05/15/19 (Call 05/15/14)		USD	250		265,366
7.88%, 05/15/21 (Call 05/15/16)		USD	100		109,747
8.25%, 09/01/20 (Call 09/01/15)		USD	50		55,637
Nuance Communications Inc.
5.38%, 08/15/20 (Call 08/15/16)b		USD	50		48,850
Nuveen Investments Inc.
9.13%, 10/15/17 (Call 10/15/14)b		USD	50		50,375
9.50%, 10/15/20 (Call 10/15/16)b		USD	50		50,250
Oasis Petroleum Inc.
7.25%, 02/01/19 (Call 02/01/15)		USD	100		107,023
Peabody Energy Corp.
6.00%, 11/15/18		USD	150		153,757
6.25%, 11/15/21		USD	100		97,962
Penn Virginia Corp.
8.50%, 05/01/20 (Call 05/01/17)b		USD	50		50,125
Penn Virginia Resource Partners LP/Penn Virginia Resource Finance Corp. II
8.38%, 06/01/20 (Call 06/01/16)		USD	75		79,875
Petco Animal Supplies Inc.
9.25%, 12/01/18 (Call 12/01/13)b		USD	50		54,000

25

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)			Value
Ply Gem Industries Inc.
8.25%, 02/15/18 (Call 02/15/14)		USD	25	$	26,875
PNK Finance Corp.
6.38%, 08/01/21b		USD	15		15,113
PolyOne Corp.
5.25%, 03/15/23b		USD	50		48,813
Post Holdings Inc.
7.38%, 02/15/22 (Call 02/15/17)		USD	50		53,625
Puget Energy Inc.
6.50%, 12/15/20		USD	100		112,459
PVH Corp.
7.38%, 05/15/20 (Call 05/15/15)		USD	100		109,500
QEP Resources Inc.
5.38%, 10/01/22 (Call 07/01/22)		USD	100		99,655
QVC Inc.
5.13%, 07/02/22		USD	100		100,934
7.50%, 10/01/19 (Call 10/01/14)b		USD	100		107,750
R.R. Donnelley & Sons Co.
7.88%, 03/15/21		USD	50		53,625
8.25%, 03/15/19c		USD	100		108,625
Range Resources Corp.
5.00%, 08/15/22 (Call 02/15/17)		USD	100		101,593
5.75%, 06/01/21 (Call 06/01/16)		USD	100		105,839
RBS Global Inc./Rexnord LLC
8.50%, 05/01/18 (Call 05/01/14)		USD	100		108,000
Realogy Corp.
7.88%, 02/15/19 (Call 02/15/15)b		USD	100		108,568
Regal Entertainment Group
9.13%, 08/15/18 (Call 08/15/14)		USD	59		65,047
Regency Energy Partners LP/Regency Energy Finance Corp.
5.50%, 04/15/23 (Call 10/15/17)c		USD	50		50,635
6.88%, 12/01/18 (Call 12/01/14)		USD	100		107,666
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC
5.75%, 10/15/20 (Call 10/15/15)		USD	300		304,125
7.13%, 04/15/19 (Call 10/15/14)		USD	350		373,625
8.25%, 02/15/21 (Call 02/15/16)		USD	100		101,500
9.00%, 04/15/19 (Call 10/15/14)		USD	100		104,000
9.88%, 08/15/19 (Call 08/15/15)		USD	150		161,250
Rite Aid Corp.
6.75%, 06/15/21 (Call 06/15/16)b,c		USD	100		100,295
9.25%, 03/15/20 (Call 03/15/16)		USD	50		55,598
Rockies Express Pipeline LLC
5.63%, 04/15/20b		USD	75		66,456
6.85%, 07/15/18b		USD	50		49,370
Rockwood Specialties Group Inc.
4.63%, 10/15/20 (Call 10/15/15)		USD	100		101,500
Sabine Pass Liquefaction LLC
5.63%, 02/01/21b		USD	100		98,250
5.63%, 04/15/23b		USD	100		96,835
Sabine Pass LNG LP
7.50%, 11/30/16		USD	100		110,328
Sabre Inc.
8.50%, 05/15/19 (Call 05/15/15)b,c		USD	100		108,363
Sally Holdings LLC/Sally Capital Inc.
6.88%, 11/15/19 (Call 11/15/15)		USD	150		164,250
Samson Investment Co.
10.00%, 02/15/20 (Call 02/15/16)b		USD	150		158,411
SandRidge Energy Inc.
7.50%, 03/15/21 (Call 03/15/16)		USD	100		99,377
8.13%, 10/15/22 (Call 04/15/17)		USD	100		102,053
SBA Communications Corp.
5.63%, 10/01/19		USD	50		50,250

Security	Principal (000s)			Value
Sealed Air Corp.
8.13%, 09/15/19 (Call 09/15/15)b,c		USD	100	$	111,000
8.38%, 09/15/21 (Call 09/15/16)b		USD	100		113,250
Sears Holdings Corp.
6.63%, 10/15/18		USD	100		97,000
ServiceMaster Co.
7.00%, 08/15/20 (Call 08/15/15)		USD	50		46,375
8.00%, 02/15/20 (Call 02/15/15)		USD	50		48,921
SESI LLC
6.38%, 05/01/19 (Call 05/01/15)		USD	100		105,170
Sinclair Television Group Inc.
6.13%, 10/01/22 (Call 10/01/17)		USD	100		100,683
Sirius XM Radio Inc.
4.63%, 05/15/23 (Call 05/15/18)b		USD	100		92,000
SM Energy Co.
5.00%, 01/15/24 (Call 07/15/18)b		USD	50		48,276
Smithfield Foods Inc.
6.63%, 08/15/22 (Call 08/15/17)		USD	100		106,250
Spectrum Brands Escrow Corp.
6.38%, 11/15/20 (Call 11/15/16)b		USD	100		106,000
Springleaf Finance Corp. Series I
5.40%, 12/01/15		USD	50		50,500
6.90%, 12/15/17		USD	250		251,250
Sprint Nextel Corp.
6.00%, 11/15/22c		USD	200		192,000
7.00%, 03/01/20b		USD	100		108,750
7.00%, 08/15/20		USD	50		52,844
8.38%, 08/15/17		USD	150		169,500
9.00%, 11/15/18b		USD	150		178,125
9.13%, 03/01/17		USD	150		172,500
11.50%, 11/15/21c		USD	100		133,000
SPX Corp.
6.88%, 09/01/17		USD	50		55,010
Standard Pacific Corp.
8.38%, 05/15/18		USD	100		115,500
Steel Dynamics Inc.
5.25%, 04/15/23 (Call 04/15/18)b		USD	75		73,665
Suburban Propane Partners LP/Suburban Energy Finance Corp.
7.50%, 10/01/18 (Call 10/01/14)		USD	84		90,731
Sun Merger Sub Inc.
5.25%, 08/01/18b		USD	25		25,031
SunGard Data Systems Inc.
6.63%, 11/01/19		USD	50		51,495
7.38%, 11/15/18 (Call 11/15/13)		USD	100		105,519
7.63%, 11/15/20 (Call 11/15/15)		USD	100		108,037
SUPERVALU Inc.
6.75%, 06/01/21 (Call 06/01/17)b		USD	50		49,063
8.00%, 05/01/16		USD	50		55,125
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.25%, 11/15/23 (Call 05/15/18)b		USD	50		45,434
5.25%, 05/01/23 (Call 11/01/17)b		USD	100		98,440
6.88%, 02/01/21 (Call 02/01/16)		USD	100		107,089
Taylor Morrison Communities Inc./Monarch Communities Inc.
5.25%, 04/15/21 (Call 04/15/16)b		USD	100		96,500
Tenet Healthcare Corp.
4.50%, 04/01/21b		USD	100		93,000
6.25%, 11/01/18		USD	100		106,750
8.00%, 08/01/20 (Call 08/01/15)		USD	50		53,000
Terex Corp.
6.00%, 05/15/21 (Call 11/15/16)		USD	100		102,500
Tesoro Corp.
5.38%, 10/01/22 (Call 10/01/17)		USD	50		49,480

26

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2013

Security	Principal (000s)			Value
Texas Competitive Electric Holdings Co. LLC/TCEH Finance Inc.
11.50%, 10/01/20 (Call 04/01/16)b,c		USD	150	$	112,500
Toll Brothers Finance Corp.
5.88%, 02/15/22 (Call 11/15/21)		USD	100		104,000
Toys R Us Inc.
10.38%, 08/15/17 (Call 02/15/15)		USD	25		25,625
Toys R Us Property Co. I LLC
10.75%, 07/15/17 (Call 07/15/13)		USD	100		105,625
TransDigm Inc.
7.75%, 12/15/18 (Call 12/15/14)		USD	150		159,750
TRW Automotive Inc.
4.50%, 03/01/21b		USD	50		49,960
UBS Preferred Funding Trust V Series 1
6.24%, 05/29/49 (Call 05/15/16)d		USD	75		79,594
United Airlines Inc.
6.75%, 09/15/15 (Call 03/04/13)b		USD	100		103,375
United Rentals (North America) Inc.
7.38%, 05/15/20 (Call 05/15/16)		USD	150		165,292
7.63%, 04/15/22 (Call 04/15/17)		USD	100		111,424
8.38%, 09/15/20 (Call 09/15/15)c		USD	100		110,158
United States Steel Corp.
7.38%, 04/01/20		USD	100		101,590
7.63%, 05/15/20 (Call 05/15/15)c		USD	40		34,400
Univision Communications Inc.
6.75%, 09/15/22 (Call 09/15/17)b		USD	100		107,750
6.88%, 05/15/19 (Call 05/15/15)b		USD	150		159,562
8.50%, 05/15/21 (Call 11/15/15)b,c		USD	50		54,750
US Foods Inc.
8.50%, 06/30/19 (Call 06/30/14)		USD	100		106,500
USG Corp.
6.30%, 11/15/16		USD	100		102,750
Valeant Pharmaceuticals International Inc.
6.38%, 10/15/20 (Call 10/15/16)b		USD	200		206,500
6.75%, 08/15/21 (Call 02/15/16)b		USD	100		104,000
6.88%, 12/01/18 (Call 12/01/14)b		USD	200		210,750
Vanguard Health Holding Co. II LLC/Vanguard Holding Co. II Inc.
8.00%, 02/01/18 (Call 02/01/14)		USD	100		106,125
Verso Paper Holdings LLC/Verso Paper Inc.
11.75%, 01/15/19 (Call 01/15/15)		USD	30		30,900
Vulcan Materials Co.
7.50%, 06/15/21		USD	100		113,500
VWR Funding Inc.
7.25%, 09/15/17 (Call 09/15/14)		USD	50		52,375
West Corp.
8.63%, 10/01/18 (Call 10/01/14)		USD	100		108,500
WideOpenWest Finance LLC/WideOpenWest Capital Corp.
10.25%, 07/15/19 (Call 07/15/15)		USD	75		82,500
Windstream Corp.
7.50%, 04/01/23 (Call 04/01/16)		USD	100		102,000
7.75%, 10/15/20 (Call 10/15/15)		USD	200		212,500
WMG Acquisition Corp.
11.50%, 10/01/18 (Call 10/01/14)		USD	100		115,998
WPX Energy Inc.
6.00%, 01/15/22 (Call 10/15/21)		USD	100		102,488
Wynn Las Vegas LLC/ Wynn Las Vegas Capital Corp.
5.38%, 03/15/22 (Call 03/15/17)		USD	100		102,007
7.75%, 08/15/20 (Call 08/15/15)		USD	100		112,505
XM Satellite Radio Inc.
7.63%, 11/01/18 (Call 11/01/14)b		USD	150		165,187

Security	Principal or Shares (000s)			Value
Zayo Group LLC/Zayo Capital Inc.
10.13%, 07/01/20 (Call 07/01/16)		USD	100	$	113,750
					41,281,678
TOTAL CORPORATE BONDS & NOTES
(Cost: $64,745,488)					65,723,116
FOREIGN AGENCY OBLIGATIONS — 0.20%
PORTUGAL — 0.20%
Caixa Geral de Depositos SA
5.63%, 12/04/15e		EUR	100		135,264
					135,264
TOTAL FOREIGN AGENCY OBLIGATIONS
(Cost: $136,447)					135,264
COMMON STOCKS — 0.02%
CEVA Group PLCa			22		15,140
TOTAL COMMON STOCKS
(Cost: $31,632)					15,140
PREFERRED STOCKS — 0.05%
CEVA Group PLC Series Aa			49		32,771
TOTAL PREFERRED STOCKS
(Cost: $68,473)					32,771
SHORT-TERM INVESTMENTS — 7.02%
MONEY MARKET FUNDS — 7.02%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.16%h,i,j			3,745		3,744,756
BlackRock Cash Funds: Prime, SL Agency Shares
0.13%h,i,j			355		354,591

27

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2013

Security	Shares (000s)		Value
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%h,i		674	$	673,661
				4,773,008
TOTAL SHORT-TERM INVESTMENTS
(Cost: $4,773,008)				4,773,008
TOTAL INVESTMENTS IN SECURITIES — 104.01%
(Cost: $69,755,048)				70,679,299
Other Assets, Less Liabilities — (4.01)%				(2,725,603	)
NET ASSETS — 100.00%			$	67,953,696

CAD  —  Canadian Dollar

EUR  —  Euro

GBP  —  British Pound

USD  —  United States Dollar

^a  Security valued using Level 3 inputs in accordance with management’s fair valuation policy. See Note 1.

^b This security may be resold to qualified institutional buyers under Rule 144A of the Securities Act of 1933.

^c All or a portion of this security represents a security on loan. See Note 3.

^d Variable rate security. Rate shown is as of report date.

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

^f 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.

^g  Investments are denominated in U.S. dollars.

^h  Affiliated issuer. See Note 2.

ⁱ  The rate quoted is the annualized seven-day yield of the fund at period end.

^j All or a portion of this security represents an investment of securities lending collateral. See Note 3.

See accompanying notes to schedules of investments.

28

Notes to Schedules of Investments  (Unaudited)

iSHARES^®, INC.

iShares, Inc. (the “Company”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Company was incorporated under the laws of the State of Maryland on September 1, 1994 pursuant to amended and restated Articles of Incorporation.

These schedules of investments relate only to the following funds (each, a “Fund,” and collectively, the “Funds”):

iShares Bond ETF

Emerging Markets Corporate

Emerging Markets High Yield

Emerging Markets Local Currency

Global ex USD High Yield Corporate

Global High Yield Corporate

Former Name^a

iShares Emerging Markets Corporate Bond Fund

iShares Emerging Markets High Yield Bond Fund

iShares Emerging Markets Local Currency Bond Fund

iShares Global ex USD High Yield Corporate Bond Fund

iShares Global High Yield Corporate Bond Fund

^a The Funds changed their names effective July 1, 2013.

1. SIGNIFICANT ACCOUNTING POLICIES

SECURITY VALUATION

Each Fund’s investments are valued at fair value each day that the Fund’s listing exchange is open and, for financial reporting purposes, as of the report date should the reporting date end on a day that the Fund’s listing exchange is not open. Accounting principles generally accepted in the United States of America (“U.S. GAAP”) define fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) provides oversight of the valuation of investments for the Funds. The investments of each Fund are valued pursuant to policies and procedures developed by the Global Valuation Committee and approved by the Board of Directors of the Company.

• Equity investments traded on a recognized securities exchange are valued at that day’s last reported trade price or the official closing price, as applicable, on the exchange where the stock is primarily traded. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last traded price.

• Fixed income investments are valued at the last available bid price received from independent pricing services. In determining the value of a fixed income investment, pricing services may use certain information with respect to transactions in such investments, quotations from dealers, pricing matrixes, market transactions in comparable investments, various relationships observed in the market between investments, and calculated yield measures.

• Open-end U.S. mutual funds are valued at that day’s published net asset value (NAV).

In the event that application of these methods of valuation results in a price for an investment which is deemed not to be representative of the fair value of such investment or if a price is not available, the investment will be valued based upon other available factors deemed relevant by the Global Valuation Committee, in accordance with policies approved by the Board. These factors include but are not limited to (i) attributes specific to the investment; (ii) the principal market for the investment; (iii) the customary participants in the principal market for the investment; (iv) data assumptions by market participants for the investment, if reasonably available; (v) quoted prices for similar investments in active markets; and (vi) other factors, such as future cash flows, interest rates, yield curves, volatilities, prepayment speeds, loss

29

Notes to Schedules of Investments  (Unaudited) (Continued)

iSHARES^®, INC.

severities, credit risks and/or default rates. Valuations based on such factors are reported to the Board on a quarterly basis.

The Global Valuation Committee employs various methods for calibrating valuation approaches for investments where an active market does not exist, including regular due diligence of the Company’s pricing vendors, a regular review of key inputs and assumptions, transactional back-testing or disposition analysis to compare unrealized gains and losses to realized gains and losses, reviews of missing or stale prices, reviews of large movements in market values, and reviews of market related activity.

Fair value pricing could result in a difference between the prices used to calculate a Fund’s net asset value and the prices used by the Fund’s underlying index, which in turn could result in a difference between the Fund’s performance and the performance of the Fund’s underlying index.

Various inputs are used in determining the fair value of financial instruments. Inputs may be based on independent market data (“observable inputs”) or they may be internally developed (“unobservable inputs”). These inputs are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. The level of a value determined for a financial instrument within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement in its entirety. The categorization of a value determined for a financial instrument within the hierarchy is based upon the pricing transparency of the instrument and is not necessarily an indication of the risk associated with investing in the instrument. The three levels of the fair value hierarchy are as follows:

• Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities;

• Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability (such as exchange rates, financing terms, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs; and

• Level 3 — Unobservable inputs for the asset or liability, including the Global Valuation Committee’s assumptions used in determining the fair value of investments.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. In accordance with the Company’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period.

The following table summarizes the value of each of the Funds’ investments according to the fair value hierarchy as of July 31, 2013. The breakdown of each Fund’s investments into major categories is disclosed in its schedule of investments.

iShares Bond ETF and Investment Type	Investments
	Level 1		Level 2		Level 3		Total
Emerging Markets Corporate
Assets:
Corporate Bonds & Notes	$	—	$	20,219,106	$	—	$	20,219,106
Foreign Agency Obligations		—		18,852,549		—		18,852,549
Money Market Funds		134,349		—		—		134,349
	$	134,349	$	39,071,655	$	—	$	39,206,004
Emerging Markets High Yield
Assets:

30

Notes to Schedules of Investments  (Unaudited) (Continued)

iSHARES^®, INC.

Corporate Bonds & Notes	$	—	$	57,806,360	$	—	$	57,806,360
Foreign Agency Obligations		—		29,914,133		—		29,914,133
Foreign Government Obligations		—		138,168,139		—		138,168,139
Money Market Funds		811,312		—		—		811,312
	$	811,312	$	225,888,632	$	—	$	226,699,944
Emerging Markets Local Currency
Assets:
Foreign Government Obligations	$	—	$	624,732,815	$	—	$	624,732,815
Money Market Funds		815,192		—		—		815,192
	$	815,192	$	624,732,815	$	—	$	625,548,007
Global ex USD High Yield Corporate
Assets:
Corporate Bonds & Notes	$	—	$	41,716,005	$	0a	$	41,716,005
Foreign Agency Obligations		—		268,859		—		268,859
Money Market Funds		499		—		—		499
	$	499	$	41,984,864	$	0a	$	41,985,363
Global High Yield Corporate
Assets:
Common Stocks	$	—	$	—	$	15,140	$	15,140
Preferred Stocks		—		—		32,771		32,771
Corporate Bonds & Notes		—		65,723,116		—		65,723,116
Foreign Agency Obligations		—		135,264		—		135,264
Money Market Funds		4,773,008		—		—		4,773,008
	$	4,773,008	$	65,858,380	$	47,911	$	70,679,299

^a  Rounds to less than $1.

FOREIGN CURRENCY TRANSLATION

The accounting records of the Fund are maintained in U.S. dollars. Foreign currencies, as well as investment securities and other assets and liabilities denominated in foreign currencies, are translated into U.S. dollars using exchange rates deemed appropriate by the investment adviser. Purchases and sales of securities, income receipts and expense payments are translated into U.S. dollars on the respective dates of such transactions.

FEDERAL INCOME TAXES

As of July 31, 2013, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:

31

Notes to Schedules of Investments  (Unaudited) (Continued)

iSHARES^®, INC.

iShares Bond ETF	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation)
Emerging Markets Corporate	$	41,189,508	$	145,270	$	(2,128,774	)	$	(1,983,504	)
Emerging Markets High Yield		241,606,214		610,036		(15,516,306	)		(14,906,270	)
Emerging Markets Local Currency		661,628,920		5,415,691		(41,496,604	)		(36,080,913	)
Global ex USD High Yield Corporate		40,730,249		1,668,882		(413,768	)		1,255,114
Global High Yield Corporate		69,755,048		1,723,791		(799,540	)		924,251

32

Notes to Schedules of Investments  (Unaudited) (Continued)

iSHARES^®, INC.

RECENT ACCOUNTING STANDARD

In December 2011, the Financial Accounting Standards Board issued guidance to enhance current disclosure requirements on offsetting of certain assets and liabilities and enable financial statement users to compare financial statements prepared under U.S. GAAP and International Financial Reporting Standards (IFRS). The new disclosures are required for investments and derivative financial instruments subject to master netting agreements or similar agreements and require an entity to disclose both gross and net information about such investments and transactions eligible for offset in the statement of assets and liabilities. The scope of the disclosure requirements for offsetting will be limited to derivative instruments and securities lending transactions. In addition, the standard requires disclosure of collateral received and posted in connection with master netting agreements or similar agreements. The guidance is effective for financial statements for fiscal years beginning after January 1, 2013, and interim periods within those fiscal years. Management is evaluating the impact of this guidance on the Funds’ financial statements and disclosures.

2. TRANSACTIONS WITH AFFILIATES

Each Fund may invest its positive cash balances in certain money market funds managed by BlackRock Fund Advisors (“BFA”), the Funds’ investment adviser, or an affiliate. BFA is a California corporation indirectly owned by BlackRock, Inc. (“BlackRock”).

3. LOANS OF PORTFOLIO SECURITIES

Each Fund may lend its investment securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by a bank, or securities issued or guaranteed by the U.S. government. The initial collateral received by each Fund is required to have a value of at least 102% of the current value of the loaned securities plus the interest accrued on such securities, if any, for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter, at a value equal to at least 100% of the current value of the securities on loan plus accrued interest, if any. The market value of the loaned securities is determined at the close of each business day of the Funds and any additional required collateral is delivered to the Funds on the next business day. The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, the Funds benefits from a borrower default indemnity provided by BlackRock. BlackRock’s indemnity allows for full replacement of securities lent. Any securities lending cash collateral may be reinvested in certain short-term instruments either directly on behalf of a fund or through one or more joint accounts or money market funds, including those managed by BFA or its affiliates. Each Fund could suffer a loss if the value of an investment purchased with cash collateral falls below the value of the cash collateral received.

As of July 31, 2013, any securities on loan were collateralized by cash. The cash collateral received was invested in money market funds managed by BFA.

33

Item 2. Controls and Procedures.

(a) The President (the Registrant’s Principal Executive Officer) and Chief Financial Officer (the Registrant’s Principal Financial Officer) have concluded that, based on their evaluation as of a date within 90 days of the filing date of this report, the disclosure controls and procedures of the Registrant (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are reasonably designed to achieve the purposes described in Section 4(a) of the certifications filed with this Form N-Q.

(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

(a) Certifications of the President (the Registrant’s Principal Executive Officer) and Chief Financial Officer (the Registrant’s Principal Financial Officer) as required by Rule 30a-2(a) under the Investment Company Act of 1940 are filed with this Form N-Q as exhibits.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

iShares, Inc.

By: /s/ Michael Latham

Michael Latham, President (Principal Executive Officer)

Date: September 26, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By: /s/ Michael Latham

Michael Latham, President (Principal Executive Officer)

Date: September 26, 2013

By: /s/ Jack Gee

Jack Gee, Treasurer and Chief Financial Officer (Principal Financial  Officer)

Date: September 26, 2013