N-Q

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, 2014

Date of reporting period: January 31, 2014

Item 1. Schedules of Investments.

Schedule of Investments  (Unaudited)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)		Value
CORPORATE BONDS & NOTESa — 49.28%
ARGENTINA — 0.10%
YPF Sociedad Anonima
8.88%, 12/19/18b	$	25	$	23,500
				23,500
BRAZIL — 10.18%
Banco Bradesco SA
5.90%, 01/16/21b		100		101,250
6.75%, 09/29/19b		150		165,270
Banco Santander Brasil SA
4.50%, 04/06/15b		100		102,725
Banco Votorantim SA
7.38%, 01/21/20b		100		105,500
Braskem Finance Ltd.
7.00%, 05/07/20b		100		107,875
CSN Resources SA
6.50%, 07/21/20b		100		98,250
Fibria Overseas Finance Ltd.
7.50%, 05/04/20 (Call 05/04/15)b		100		110,000
Gerdau Trade Inc.
5.75%, 01/30/21b		100		100,375
GTL Trade Finance Inc.
7.25%, 10/20/17b		100		111,000
Itau Unibanco Holding SA
5.13%, 05/13/23b		200		182,000
5.75%, 01/22/21b		100		100,250
JBS USA LLC/JBS USA Finance Inc.
7.25%, 06/01/21 (Call 06/01/15)b		86		89,440
Marfrig Overseas Ltd.
9.50%, 05/04/20 (Call 05/04/15)b		100		95,000
Odebrecht Drilling Norbe VIII/IX Ltd.
6.35%, 06/30/21 (Call 06/30/20)b		92		93,820
Telemar Norte Leste SA
5.50%, 10/23/20b		200		186,250
Vale Overseas Ltd.
4.38%, 01/11/22		100		96,480
4.63%, 09/15/20		75		76,966
5.63%, 09/15/19		75		81,552
6.88%, 11/21/36		50		50,984
6.88%, 11/10/39		100		102,069
8.25%, 01/17/34		50		58,128
Vale SA
5.63%, 09/11/42		100		88,409
Voto Votorantim Overseas Trading Co.
6.63%, 09/25/19b		200		218,500
				2,522,093
CHILE — 0.75%
Celulosa Arauco y Constitucion SA
4.75%, 01/11/22 (Call 10/11/21)		37		36,409
Cencosud SA
5.50%, 01/20/21b		150		148,413
				184,822

Security	Principal (000s)		Value
CHINA — 2.85%
Agile Property Holdings Ltd.
8.88%, 04/28/17 (Call 04/28/14)b	$	100	$	102,875
Baidu Inc.
2.25%, 11/28/17		200		200,072
China Overseas Finance II Ltd.
5.50%, 11/10/20b		100		102,620
Evergrande Real Estate Group Ltd.
8.75%, 10/30/18 (Call 10/30/16)b		200		194,500
Shimao Property Holdings Ltd.
9.65%, 08/03/17 (Call 08/03/14)b		100		106,250
				706,317
COLOMBIA — 1.17%
Bancolombia SA
5.13%, 09/11/22		50		46,722
6.13%, 07/26/20		147		151,410
Pacific Rubiales Energy Corp.
5.13%, 03/28/23 (Call 03/28/18)b		100		90,750
				288,882
HONG KONG — 4.02%
Bank of China Hong Kong Ltd.
5.55%, 02/11/20b		200		214,589
Bank of East Asia Ltd.
6.13%, 07/16/20		100		109,198
CITIC Pacific Ltd.
6.63%, 04/15/21b		100		95,625
Hutchison Whampoa International Ltd.
4.63%, 09/11/15b		100		105,706
7.45%, 11/24/33b		100		130,200
7.63%, 04/09/19b		100		121,985
Li & Fung Ltd.
5.25%, 05/13/20b		100		105,774
Swire Pacific MTN Financing Ltd.
5.50%, 08/19/19b		100		111,946
				995,023
INDIA — 4.07%
Axis Bank Ltd.
4.75%, 05/02/16b		100		103,609
ICICI Bank Ltd.
5.00%, 01/15/16b		116		121,605
5.75%, 11/16/20b		100		104,513
6.38%, 04/30/22 (Call 04/30/17)b,c		100		97,750
Reliance Holdings USA Inc.
5.40%, 02/14/22b		250		257,945
State Bank of India
4.50%, 07/27/15b		100		103,365
Vedanta Resources PLC
9.50%, 07/18/18b		200		220,000
				1,008,787
ISRAEL — 0.19%
Teva Pharmaceutical Finance Co. BV
2.95%, 12/18/22		50		46,232
				46,232

1

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)		Value
JAMAICA — 1.21%
Digicel Group Ltd.
10.50%, 04/15/18 (Call 04/15/14)b	$	100	$	106,300
Digicel Ltd.
6.00%, 04/15/21 (Call 04/15/16)b		200		194,000
				300,300
KAZAKHSTAN — 0.44%
Halyk Savings Bank of Kazakhstan JSC
7.25%, 05/03/17b		100		108,800
				108,800
KUWAIT — 0.49%
Kuwait Projects Co.
9.38%, 07/15/20		100		121,000
				121,000
MEXICO — 5.66%
America Movil SAB de CV
5.00%, 10/16/19		125		137,060
5.00%, 03/30/20		200		217,661
6.13%, 03/30/40		100		105,957
6.38%, 03/01/35		50		55,060
BBVA Bancomer SA Texas Agency
7.25%, 04/22/20b		200		219,500
Cemex Finance LLC
9.38%, 10/12/22 (Call 10/12/17)b		200		223,000
Cemex SAB de CV
9.00%, 01/11/18 (Call 01/11/15)b		200		216,000
Grupo Bimbo SAB de CV
4.50%, 01/25/22b		100		100,360
Grupo Televisa SAB de CV CPO
6.63%, 01/15/40		56		61,245
NII Capital Corp.
7.63%, 04/01/21 (Call 04/01/16)		100		42,250
8.88%, 12/15/19 (Call 12/15/14)		50		23,250
				1,401,343
PERU — 1.13%
Banco de Credito del Peru
5.38%, 09/16/20b		100		102,250
Southern Copper Corp.
5.25%, 11/08/42		90		72,451
7.50%, 07/27/35		100		104,530
				279,231
RUSSIA — 5.40%
Alfa Bank OJSC Via Alfa Bond Issuance PLC
7.88%, 09/25/17b		200		222,000
Evraz Group SA
9.50%, 04/24/18b		200		215,250
LUKOIL International Finance BV
6.66%, 06/07/22b		120		129,600
7.25%, 11/05/19b		100		113,750
Mobile Telesystems OJSC via MTS International Funding Ltd.
8.63%, 06/22/20b		100		116,750
Rosneft Finance SA
7.25%, 02/02/20b		100		112,000

Security	Principal (000s)		Value
Severstal OAO Via Steel Capital SA
6.70%, 10/25/17b	$	100	$	106,500
Vimpel Communications Via VIP Finance Ireland Ltd. OJSC
9.13%, 04/30/18b		100		114,625
VimpelCom Holdings BV
7.50%, 03/01/22b		200		207,750
				1,338,225
SINGAPORE — 2.89%
DBS Bank Ltd.
2.35%, 02/28/17b		200		204,832
Flextronics International Ltd.
4.63%, 02/15/20		100		98,250
Noble Group Ltd.
6.75%, 01/29/20b		100		105,225
Oversea-Chinese Banking Corp. Ltd.
3.75%, 11/15/22 (Call 11/15/17)b,c		100		102,971
4.25%, 11/18/19 (Call 11/18/14)c		100		101,921
PSA International Pte Ltd.
3.88%, 02/11/21b		100		102,762
				715,961
SOUTH AFRICA — 1.60%
AngloGold Ashanti Holdings PLC
5.13%, 08/01/22		50		43,077
5.38%, 04/15/20		50		46,375
Eskom Holdings Ltd.
5.75%, 01/26/21b		200		195,000
Standard Bank PLC
8.13%, 12/02/19		100		111,650
				396,102
SOUTH KOREA — 3.17%
Hana Bank
4.00%, 11/03/16b		200		212,392
Hyundai Capital America
2.13%, 10/02/17b		50		50,113
Hyundai Capital Services Inc.
6.00%, 05/05/15b		100		106,116
Korea Electric Power Corp.
3.00%, 10/05/15b		100		102,961
POSCO
4.25%, 10/28/20b		100		103,628
Shinhan Bank
4.38%, 09/15/15b		100		105,133
Woori Bank Co. Ltd.
6.21%, 05/02/37 (Call 05/02/17)b,c		100		105,500
				785,843
THAILAND — 1.29%
Bangkok Bank PCL
4.80%, 10/18/20b		100		103,369
PTTEP Canada International Finance Ltd.
5.69%, 04/05/21b		200		215,395
				318,764
TURKEY — 2.27%
Turkiye Is Bankasi AS
3.88%, 11/07/17b		200		188,540

2

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)		Value
Turkiye Vakiflar Bankasi Tao
5.75%, 04/24/17b	$	200	$	200,600
Yapi ve Kredi Bankasi AS
4.00%, 01/22/20b		200		173,132
				562,272
UKRAINE — 0.40%
Metinvest BV
10.25%, 05/20/15b		100		99,416
				99,416
TOTAL CORPORATE BONDS & NOTES
(Cost: $12,697,219)				12,202,913
FOREIGN AGENCY OBLIGATIONSa — 48.56%
BRAZIL — 8.16%
Banco do Brasil SA
5.38%, 01/15/21b		100		97,750
5.88%, 01/19/23b		200		187,500
Banco Nacional de Desenvolvimento Economico e Social
6.37%, 06/16/18b		100		107,250
6.50%, 06/10/19b		100		107,625
Caixa Economica Federal
2.38%, 11/06/17b		150		138,750
Centrais Eletricas Brasileiras SA
6.88%, 07/30/19b		200		213,500
Petrobras Global Finance BV
4.38%, 05/20/23		100		88,116
5.63%, 05/20/43		100		78,423
Petrobras International Finance Co.
3.50%, 02/06/17		75		75,725
3.88%, 01/27/16		150		153,750
5.38%, 01/27/21		200		197,475
5.75%, 01/20/20		150		154,745
5.88%, 03/01/18		100		106,027
6.75%, 01/27/41		50		44,923
6.88%, 01/20/40		75		69,718
7.88%, 03/15/19		100		113,075
8.38%, 12/10/18		75		87,181
				2,021,533
CHILE — 2.16%
Banco del Estado de Chile
4.13%, 10/07/20b		150		152,518
Corporacion Nacional del Cobre de Chile
4.25%, 07/17/42b		200		163,163
7.50%, 01/15/19b		100		120,143
Empresa Nacional del Petroleo
4.75%, 12/06/21b		100		99,247
				535,071
CHINA — 3.96%
CNOOC Finance 2012 Ltd.
5.00%, 05/02/42b		200		191,132
CNPC HK Overseas Capital Ltd.
4.50%, 04/28/21b		200		206,649
Export-Import Bank of China (The)
4.88%, 07/21/15b		100		105,202

Security	Principal (000s)		Value
Sinochem Overseas Capital Co. Ltd.
4.50%, 11/12/20b	$	100	$	102,835
Sinopec Capital 2013 Ltd.
3.13%, 04/24/23b		200		178,924
Sinopec Group Overseas Development 2013 Ltd.
4.38%, 10/17/23b		200		197,025
				981,767
COLOMBIA — 0.85%
Ecopetrol SA
7.38%, 09/18/43		100		108,000
7.63%, 07/23/19		87		101,790
				209,790
INDONESIA — 1.97%
Majapahit Holding BV
7.75%, 01/20/20b		120		130,800
7.88%, 06/29/37b		100		101,500
PT Pertamina (Persero) Tbk
4.30%, 05/20/23b		300		254,250
				486,550
ISRAEL — 0.87%
Israel Electric Corp. Ltd.
6.88%, 06/21/23b		200		216,500
				216,500
KAZAKHSTAN — 1.90%
Development Bank of Kazakhstan JSC
4.13%, 12/10/22b		200		179,000
KazMunaiGaz Finance Sub BV
7.00%, 05/05/20b		100		110,620
KazMunayGas National Co. JSC
4.40%, 04/30/23b		200		181,500
				471,120
MALAYSIA — 1.41%
Penerbangan Malaysia Bhd
5.63%, 03/15/16b		100		108,736
Petroliam Nasional Bhd
7.63%, 10/15/26b		100		128,544
Petronas Capital Ltd.
5.25%, 08/12/19b		100		111,438
				348,718
MEXICO — 5.16%
Comision Federal de Electricidad
4.88%, 05/26/21b		200		206,000
Pemex Project Funding Master Trust
5.75%, 03/01/18		100		110,525
6.63%, 06/15/35		100		104,329
Petroleos Mexicanos
4.88%, 03/15/15		100		104,000
4.88%, 01/24/22		75		76,283
5.50%, 01/21/21		150		159,750
5.50%, 06/27/44		175		156,482
6.00%, 03/05/20		100		110,375
6.50%, 06/02/41		115		117,602

3

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)		Value
8.00%, 05/03/19	$	110	$	132,275
				1,277,621
PHILIPPINES — 0.50%
Power Sector Assets & Liabilities Management Corp.
7.39%, 12/02/24b		100		123,500
				123,500
QATAR — 2.48%
Nakilat Inc.
6.07%, 12/31/33b		100		106,000
Qatari Diar Finance QSC
5.00%, 07/21/20b		100		109,250
QNB Finance Ltd.
2.13%, 02/14/18b		200		197,000
Qtel International Finance Ltd.
5.00%, 10/19/25b		200		201,500
				613,750
RUSSIA — 5.29%
Gazprom OAO Via Gaz Capital SA
7.29%, 08/16/37b		100		104,125
8.15%, 04/11/18b		100		115,750
9.25%, 04/23/19b		100		120,750
Russian Agricultural Bank OJSC Via RSHB Capital SA
6.30%, 05/15/17b		100		105,625
Russian Railways OJSC via RZD Capital PLC
5.74%, 04/03/17b		100		107,400
Sberbank of Russia Via SB Capital SA
6.13%, 02/07/22b		200		208,500
Transneft OJSC Via TransCapitalInvest Ltd.
8.70%, 08/07/18b		100		121,800
Vnesheconombank Via VEB Finance PLC
6.90%, 07/09/20b		100		108,250
VTB Bank OJSC Via VTB Capital SA
6.25%, 06/30/35b		100		105,250
6.55%, 10/13/20b		100		105,125
6.88%, 05/29/18b		100		108,500
				1,311,075
SOUTH KOREA — 5.32%
Export-Import Bank of Korea (The)
4.00%, 01/29/21		100		103,728
4.13%, 09/09/15		100		104,898
5.13%, 06/29/20		100		111,753
Korea Development Bank (The)
3.25%, 03/09/16		100		104,185
3.88%, 05/04/17		200		212,444
Korea Expressway Corp.
5.13%, 05/20/15b		50		52,587
Korea Finance Corp.
3.25%, 09/20/16		200		209,398
Korea Gas Corp.
4.25%, 11/02/20b		100		105,593
Korea National Oil Corp.
2.88%, 11/09/15b		200		206,068
National Agricultural Cooperative Federation
4.25%, 01/28/16b		100		105,468
				1,316,122

Security	Principal (000s)		Value
TRINIDAD AND TOBAGO — 0.50%
Petroleum Co. of Trinidad & Tobago Ltd.
9.75%, 08/14/19b	$	100	$	124,375
				124,375
UNITED ARAB EMIRATES — 5.14%
Abu Dhabi National Energy Co.
5.88%, 10/27/16b		100		111,000
6.25%, 09/16/19b		100		115,000
6.50%, 10/27/36b		100		116,250
Dolphin Energy Ltd.
5.89%, 06/15/19b		145		160,458
DP World Ltd.
6.85%, 07/02/37b		100		102,500
Dubai Electricity & Water Authority
7.38%, 10/21/20b		100		116,750
IPIC GMTN Ltd/International Petroleum Investment Co.
5.00%, 11/15/20b		250		272,187
MDC-GMTN BV
3.75%, 04/20/16b		200		210,250
Waha Aerospace BV
3.93%, 07/28/20b		65		68,153
				1,272,548
VENEZUELA — 2.89%
Petroleos de Venezuela SA
5.00%, 10/28/15		100		82,800
5.25%, 04/12/17b		150		101,625
5.38%, 04/12/27b		150		73,875
5.50%, 04/12/37b		50		24,200
6.00%, 11/15/26b		175		89,687
8.50%, 11/02/17b		220		170,720
9.00%, 11/17/21b		75		49,313
12.75%, 02/17/22b		150		122,250
				714,470
TOTAL FOREIGN AGENCY OBLIGATIONS (Cost: $12,793,460)				12,024,510

4

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2014

Security	Shares (000s)		Value
SHORT-TERM INVESTMENTS — 0.61%
MONEY MARKET FUNDS — 0.61%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%d,e		151	$	150,668
				150,668
TOTAL SHORT-TERM INVESTMENTS (Cost: $150,668)				150,668
TOTAL INVESTMENTS IN SECURITIES — 98.45% (Cost: $25,641,347)				24,378,091
Other Assets, Less Liabilities — 1.55%				385,362
NET ASSETS — 100.00%			$	24,763,453

^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

January 31, 2014

Security	Principal (000s)		Value
CORPORATE BONDS & NOTESa — 29.74%
ARGENTINA — 0.16%
YPF Sociedad Anonima
8.88%, 12/19/18b	$	300	$	282,000
				282,000
BRAZIL — 3.01%
Banco BTG Pactual SA
5.75%, 09/28/22b		500		440,000
CSN Resources SA
6.50%, 07/21/20b		600		589,500
Fibria Overseas Finance Ltd.
6.75%, 03/03/21 (Call 03/03/16)b		400		436,000
7.50%, 05/04/20 (Call 05/04/15)b		491		540,100
JBS Investments GmbH
7.75%, 10/28/20 (Call 10/28/17)b		400		410,000
JBS USA LLC/JBS USA Finance Inc.
7.25%, 06/01/21 (Call 06/01/15)b		450		468,000
8.25%, 02/01/20 (Call 02/01/15)b		800		867,000
Marfrig Holding Europe BV
8.38%, 05/09/18b		600		552,000
9.88%, 07/24/17 (Call 01/24/16)b		300		294,000
Marfrig Overseas Ltd.
9.50%, 05/04/20 (Call 05/04/15)b		200		190,000
Minerva Luxembourg SA
7.75%, 01/31/23 (Call 01/31/18)b		600		583,500
				5,370,100
CHINA — 4.62%
Agile Property Holdings Ltd.
8.88%, 04/28/17 (Call 04/28/14)b		800		823,000
9.88%, 03/20/17b		200		213,250
China CITIC Bank International Ltd.
6.88%, 06/24/20b		300		324,000
CITIC Pacific Ltd.
6.63%, 04/15/21b		700		669,375
6.80%, 01/17/23b		200		183,000
6.88%, 01/21/18b		1,000		1,032,500
Country Garden Holdings Co. Ltd.
7.25%, 04/04/21 (Call 10/04/17)b		200		189,500
7.50%, 01/10/23 (Call 01/10/18)b		500		466,875
11.13%, 02/23/18 (Call 02/23/15)b		600		654,000
Evergrande Real Estate Group Ltd.
8.75%, 10/30/18 (Call 10/30/16)b		900		875,250
Greentown China Holdings Ltd.
8.50%, 02/04/18 (Call 02/04/16)b		400		404,000
Kaisa Group Holdings Ltd.
10.25%, 01/08/20 (Call 01/08/17)b		600		591,750
Longfor Properties Co. Ltd.
6.75%, 01/29/23 (Call 01/29/18)b		400		355,140
9.50%, 04/07/16 (Call 04/07/14)b		300		315,000
Shimao Property Holdings Ltd.
6.63%, 01/14/20 (Call 01/14/17)b		600		564,750
9.65%, 08/03/17 (Call 08/03/14)b		200		212,500

Security	Principal (000s)		Value
SOHO China Ltd.
5.75%, 11/07/17 (Call 11/07/15)b	$	200	$	198,000
Yancoal International Resources Development Co. Ltd.
5.73%, 05/16/22b		200		180,650
				8,252,540
COLOMBIA — 1.65%
Banco Davivienda SA
5.88%, 07/09/22b		200		193,500
Bancolombia SA
5.13%, 09/11/22		800		747,549
6.13%, 07/26/20		400		412,000
Pacific Rubiales Energy Corp.
5.13%, 03/28/23 (Call 03/28/18)b		400		363,000
5.38%, 01/26/19 (Call 01/26/17)b		500		502,500
7.25%, 12/12/21 (Call 12/12/16)b		700		735,000
				2,953,549
INDIA — 2.28%
Bharti Airtel International Netherlands BV
5.13%, 03/11/23b		900		833,625
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		758,000
6.75%, 06/07/16b		600		622,800
7.13%, 05/31/23b		200		178,750
8.25%, 06/07/21b		600		600,000
9.50%, 07/18/18b		400		440,000
				4,072,460
JAMAICA — 1.32%
Digicel Group Ltd.
8.25%, 09/30/20 (Call 09/30/16)b		900		936,000
10.50%, 04/15/18 (Call 04/15/14)b		300		318,900
Digicel Ltd.
6.00%, 04/15/21 (Call 04/15/16)b		1,000		970,000
8.25%, 09/01/17 (Call 03/03/14)b		130		134,810
				2,359,710
KAZAKHSTAN — 0.36%
Halyk Savings Bank of Kazakhstan JSC
7.25%, 05/03/17b		400		435,200
7.25%, 01/28/21b		200		215,240
				650,440
LUXEMBOURG — 0.33%
Millicom International Cellular SA
4.75%, 05/22/20 (Call 05/22/17)b		400		379,000
6.63%, 10/15/21 (Call 10/15/17)b		200		201,302
				580,302
MACAU — 0.43%
MCE Finance Ltd.
5.00%, 02/15/21 (Call 02/15/16)b		800		772,000
				772,000

6

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2014

Security	Principal (000s)		Value
MEXICO — 4.00%
BBVA Bancomer SA Texas Agency
7.25%, 04/22/20b	$	700	$	768,250
Cemex Espana SA (Luxembourg)
9.25%, 05/12/20 (Call 05/12/15)b		900		973,350
9.88%, 04/30/19 (Call 04/30/16)b		250		281,250
Cemex Finance LLC
9.38%, 10/12/22 (Call 10/12/17)b		1,100		1,226,500
Cemex SAB de CV
5.88%, 03/25/19 (Call 03/25/16)b		400		400,000
6.50%, 12/10/19 (Call 12/10/17)b		400		406,000
7.25%, 01/15/21 (Call 01/15/18)b		500		513,750
9.00%, 01/11/18 (Call 01/11/15)b		1,197		1,292,760
Mexichem SAB de CV
4.88%, 09/19/22b		600		573,750
NII Capital Corp.
7.63%, 04/01/21 (Call 04/01/16)		850		359,125
8.88%, 12/15/19 (Call 12/15/14)		200		93,000
10.00%, 08/15/16 (Call 03/03/14)		420		262,500
				7,150,235
PERU — 0.17%
Banco de Credito del Peru
6.13%, 04/24/27 (Call 04/24/22)b,c		300		297,750
				297,750
RUSSIA — 8.65%
Alfa Bank OJSC Via Alfa Bond Issuance PLC
7.50%, 09/26/19b		400		424,000
7.75%, 04/28/21b		750		804,375
7.88%, 09/25/17b		600		666,000
ALROSA Finance SA
7.75%, 11/03/20b		600		661,500
Credit Bank of Moscow
7.70%, 02/01/18b		500		503,125
Evraz Group SA
6.50%, 04/22/20b		800		731,000
8.25%, 11/10/15b		400		423,400
9.50%, 04/24/18b		700		753,375
Gazprombank OAO Via GPB Eurobond Finance PLC
7.50%, 12/28/23 (Call 12/28/18)b,c		200		204,750
Home Credit & Finance Bank LLC/Eurasia Capital SA
9.38%, 04/24/20 (Call 04/24/18)b,c		300		297,000
Metalloinvest Finance Ltd.
5.63%, 04/17/20b		600		576,000
6.50%, 07/21/16b		400		417,000
MMC Norilsk Nickel OJSC via MMC Finance Ltd.
5.55%, 10/28/20b		400		394,000
Mobile Telesystems OJSC via MTS International Funding Ltd.
5.00%, 05/30/23b		600		552,000
8.63%, 06/22/20b		200		233,500
Nomos Bank OJSC Via Nomos Capital PLC
7.25%, 04/25/18b		400		394,000
Novolipetsk Steel OJSC Via Steel Funding Ltd.
4.45%, 02/19/18b		600		591,750
4.95%, 09/26/19b		200		195,500
Promsvyazbank OJSC via PSB Finance SA
10.20%, 11/06/19b		400		422,000
Russian Standard Bank
9.25%, 07/11/17b		100		102,750

Security	Principal (000s)		Value
Severstal OAO Via Steel Capital SA
5.90%, 10/17/22b	$	200	$	191,000
6.70%, 10/25/17b		1,000		1,065,000
Sibur Holding OAO Via Sibur Securities Ltd.
3.91%, 01/31/18b		700		672,000
TMK OAO via TMK Capital SA
7.75%, 01/27/18b		500		520,625
Vimpel Communications Via VIP Finance Ireland Ltd. OJSC
7.75%, 02/02/21b		600		646,500
9.13%, 04/30/18b		900		1,031,625
VimpelCom Holdings BV
5.20%, 02/13/19b		400		395,500
5.95%, 02/13/23b		500		468,750
6.25%, 03/01/17b		400		424,960
7.50%, 03/01/22b		650		675,187
				15,438,172
SINGAPORE — 0.53%
Flextronics International Ltd.
5.00%, 02/15/23		450		436,500
Global A&T Electronics Ltd.
10.00%, 02/01/19 (Call 02/01/16)b		600		513,000
				949,500
SOUTH AFRICA — 0.59%
AngloGold Ashanti Holdings PLC
5.13%, 08/01/22		500		430,772
5.38%, 04/15/20		300		278,250
Gold Fields Orogen Holding BVI Ltd.
4.88%, 10/07/20b		400		338,521
				1,047,543
SOUTH KOREA — 0.41%
Woori Bank Co. Ltd.
6.21%, 05/02/37 (Call 05/02/17)b,c		700		738,500
				738,500
TURKEY — 0.81%
Turkiye Is Bankasi AS
6.00%, 10/24/22b		500		433,750
Turkiye Vakiflar Bankasi Tao
6.00%, 11/01/22b		600		516,000
Yapi ve Kredi Bankasi AS
5.50%, 12/06/22b		600		495,000
				1,444,750
UKRAINE — 0.42%
Metinvest BV
8.75%, 02/14/18b		500		457,500
10.25%, 05/20/15b		300		298,248
				755,748
TOTAL CORPORATE BONDS & NOTES
(Cost: $54,940,895)				53,115,299

7

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2014

Security	Principal (000s)		Value
FOREIGN AGENCY OBLIGATIONSa — 12.82%
BRAZIL — 1.10%
Banco do Brasil SA
5.88%, 01/19/23b	$	400	$	375,000
Centrais Eletricas Brasileiras SA
5.75%, 10/27/21b		1,000		945,000
6.88%, 07/30/19b		600		640,500
				1,960,500
INDONESIA — 3.75%
Majapahit Holding BV
7.75%, 10/17/16b		1,000		1,095,000
7.75%, 01/20/20b		1,000		1,090,000
7.88%, 06/29/37b		200		203,000
PT Pertamina (Persero) Tbk
4.30%, 05/20/23b		1,900		1,610,250
5.25%, 05/23/21b		400		381,000
5.63%, 05/20/43b		1,700		1,304,750
6.00%, 05/03/42b		200		160,500
PT Perusahaan Gas Negara (Persero) Tbk
5.25%, 10/24/42b		900		654,750
5.50%, 11/22/21b		200		192,000
				6,691,250
ISRAEL — 1.08%
Israel Electric Corp. Ltd.
5.63%, 06/21/18b		900		958,500
6.88%, 06/21/23b		900		974,250
				1,932,750
RUSSIA — 0.45%
VTB Bank OJSC Via VTB Capital SA
6.95%, 10/17/22b		800		799,992
				799,992
SRI LANKA — 0.34%
Bank of Ceylon
5.33%, 04/16/18b		200		192,500
6.88%, 05/03/17b		400		409,000
				601,500
TURKEY — 0.45%
Export Credit Bank of Turkey
5.38%, 11/04/16b		600		609,900
5.88%, 04/24/19b		200		199,020
				808,920
UKRAINE — 0.19%
Oschadbank
8.25%, 03/10/16b		400		338,000
				338,000

Security	Principal (000s)		Value
VENEZUELA — 5.46%
Petroleos de Venezuela SA
5.00%, 10/28/15	$	900	$	745,200
Series 2016
5.13%, 10/28/16		300		223,500
5.25%, 04/12/17b		1,700		1,151,750
5.38%, 04/12/27b		1,670		822,475
5.50%, 04/12/37b		720		348,480
6.00%, 11/15/26b		2,400		1,230,000
8.50%, 11/02/17b		3,500		2,716,000
9.00%, 11/17/21b		1,600		1,052,000
12.75%, 02/17/22b		1,800		1,467,000
				9,756,405
TOTAL FOREIGN AGENCY OBLIGATIONS
(Cost: $25,640,640)				22,889,317
FOREIGN GOVERNMENT OBLIGATIONSa — 55.05%
ARGENTINA — 1.93%
Argentina (Republic of)
2.50%, 12/31/38d		3,030		1,075,650
8.28%, 12/31/33		2,454		1,521,211
8.28%, 12/31/33		673		413,882
8.75%, 06/02/17		570		436,050
				3,446,793
BELARUS — 0.56%
Belarus (Republic of)
8.75%, 08/03/15b		500		501,250
8.95%, 01/26/18b		500		506,250
				1,007,500
COSTA RICA — 0.59%
Costa Rica (Republic of)
4.25%, 01/26/23b		600		540,000
4.38%, 04/30/25b		200		173,750
5.63%, 04/30/43b		400		330,500
				1,044,250
CROATIA — 2.71%
Croatia (Republic of)
5.50%, 04/04/23b		1,000		952,500
6.00%, 01/26/24b		800		777,200
6.25%, 04/27/17b		500		530,000
6.38%, 03/24/21b		900		931,500
6.63%, 07/14/20b		200		211,000
6.75%, 11/05/19b		1,350		1,439,438
				4,841,638
DOMINICAN REPUBLIC — 1.24%
Dominican Republic
5.88%, 04/18/24b		600		573,000
6.60%, 01/28/24b		200		199,500
7.50%, 05/06/21b		800		873,000

8

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2014

Security	Principal (000s)		Value
9.04%, 01/23/18b	$	525	$	573,813
				2,219,313
ECUADOR — 0.35%
Ecuador (Republic of)
9.38%, 12/15/15b		600		624,750
				624,750
EGYPT — 0.48%
Egypt (Arab Republic of)
5.75%, 04/29/20b		600		592,500
6.88%, 04/30/40b		300		264,750
				857,250
EL SALVADOR — 1.11%
El Salvador (Republic of)
5.88%, 01/30/25b		600		549,000
7.63%, 02/01/41b		450		418,500
7.65%, 06/15/35b		500		475,000
7.75%, 01/24/23b		120		128,700
8.25%, 04/10/32b		400		409,000
				1,980,200
GUATEMALA — 0.38%
Guatemala (Republic of)
4.88%, 02/13/28b		300		267,375
5.75%, 06/06/22b		400		415,000
				682,375
HUNGARY — 3.78%
Hungary (Republic of)
4.13%, 02/19/18		500		499,375
4.75%, 02/03/15		—		—
5.38%, 02/21/23		1,300		1,270,750
5.75%, 11/22/23		900		887,625
6.25%, 01/29/20		1,200		1,284,000
6.38%, 03/29/21		1,900		2,023,500
7.63%, 03/29/41		732		775,920
				6,741,170
INDONESIA — 8.21%
Indonesia (Republic of)
3.38%, 04/15/23b		1,300		1,111,500
3.75%, 04/25/22b		1,200		1,083,000
4.63%, 04/15/43b		1,300		1,010,750
4.88%, 05/05/21b		2,200		2,169,750
5.25%, 01/17/42b		200		169,000
5.88%, 03/13/20b		600		633,000
6.88%, 01/17/18b		1,600		1,782,000
7.50%, 01/15/16b		1,000		1,102,500
7.75%, 01/17/38b		1,800		2,002,500
8.50%, 10/12/35b		1,250		1,490,625
11.63%, 03/04/19b		1,600		2,108,000
				14,662,625

Security	Principal (000s)		Value
JAMAICA — 0.37%
Jamaica (Government of)
8.00%, 06/24/19	$	400	$	402,000
8.00%, 03/15/39		300		258,000
				660,000
LEBANON — 3.33%
Lebanon (Republic of)
4.75%, 11/02/16b		500		496,250
5.15%, 11/12/18b		650		637,000
6.00%, 05/20/19b		200		201,500
6.38%, 03/09/20		1,000		1,015,000
8.25%, 04/12/21b		1,300		1,448,980
8.50%, 08/06/15		250		266,250
8.50%, 01/19/16b		330		354,552
9.00%, 03/20/17		1,380		1,535,250
				5,954,782
MOROCCO — 0.71%
Morocco (Republic of)
4.25%, 12/11/22b		800		742,000
5.50%, 12/11/42b		600		520,500
				1,262,500
NIGERIA — 0.46%
Nigeria (Federal Republic of)
5.13%, 07/12/18b		400		406,000
6.38%, 07/12/23b		200		204,040
6.75%, 01/28/21b		200		213,000
				823,040
PAKISTAN — 0.39%
Pakistan (Islamic Republic of)
6.88%, 06/01/17b		400		396,000
7.13%, 03/31/16b		300		297,000
				693,000
ROMANIA — 1.26%
Romania (Republic of)
4.38%, 08/22/23b		700		664,125
6.75%, 02/07/22b		1,400		1,580,250
				2,244,375
SERBIA — 1.52%
Serbia (Republic of)
4.88%, 02/25/20b		1,000		952,500
5.25%, 11/21/17b		400		404,000
5.88%, 12/03/18b		300		303,750
7.25%, 09/28/21b		1,000		1,050,200
				2,710,450
SLOVENIA — 1.81%
Slovenia (Republic of)
4.75%, 05/10/18b		600		613,680

9

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2014

Security	Principal (000s)		Value
5.50%, 10/26/22b	$	1,400	$	1,400,000
5.85%, 05/10/23b		1,200		1,222,488
				3,236,168
SRI LANKA — 0.97%
Sri Lanka (Democratic Socialist Republic of)
5.88%, 07/25/22b		400		380,000
6.25%, 10/04/20b		1,050		1,050,000
6.25%, 07/27/21b		299		296,010
				1,726,010
TURKEY — 12.45%
Turkey (Republic of)
3.25%, 03/23/23		1,000		820,500
4.88%, 04/16/43		700		532,875
5.13%, 03/25/22		642		613,431
5.63%, 03/30/21		1,150		1,148,562
6.00%, 01/14/41		1,600		1,428,000
6.25%, 09/26/22		1,400		1,433,320
6.75%, 04/03/18		1,250		1,353,125
6.75%, 05/30/40		900		884,700
6.88%, 03/17/36		1,620		1,631,016
7.00%, 09/26/16		1,100		1,197,680
7.00%, 03/11/19		1,000		1,089,080
7.00%, 06/05/20		1,300		1,410,500
7.25%, 03/15/15		1,000		1,055,200
7.25%, 03/05/38		610		641,232
7.38%, 02/05/25		1,920		2,080,800
7.50%, 07/14/17		1,520		1,687,200
7.50%, 11/07/19		750		834,000
8.00%, 02/14/34		963		1,093,005
11.88%, 01/15/30		860		1,297,310
				22,231,536
UKRAINE — 2.73%
Ukraine (Government of)
6.25%, 06/17/16b		800		720,160
6.58%, 11/21/16b		600		541,272
6.75%, 11/14/17b		100		86,375
6.88%, 09/23/15b		400		368,800
7.50%, 04/17/23b		700		593,250
7.75%, 09/23/20b		900		778,500
7.80%, 11/28/22b		1,400		1,183,000
7.95%, 02/23/21b		700		601,762
				4,873,119
VENEZUELA — 7.05%
Venezuela (Bolivarian Republic of)
5.75%, 02/26/16b		875		704,375
6.00%, 12/09/20b		780		454,350
7.00%, 12/01/18b		550		374,000
7.00%, 03/31/38b		850		471,750
7.65%, 04/21/25		1,050		609,000
7.75%, 10/13/19b		1,400		931,000
8.25%, 10/13/24b		1,350		810,000
9.00%, 05/07/23b		1,230		787,200
9.25%, 09/15/27		2,120		1,399,200
9.25%, 05/07/28b		1,250		787,500
9.38%, 01/13/34		810		510,300

Security	Principal or Shares (000s)		Value
11.75%, 10/21/26b	$	1,700	$	1,270,750
11.95%, 08/05/31b		2,370		1,753,800
12.75%, 08/23/22b		1,600		1,312,000
13.63%, 08/15/18		450		420,750
				12,595,975
VIETNAM — 0.66%
Vietnam (Socialist Republic of)
6.75%, 01/29/20b		800		864,000
6.88%, 01/15/16b		300		318,750
				1,182,750
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $110,353,619)				98,301,569
SHORT-TERM INVESTMENTS — 0.42%
MONEY MARKET FUNDS — 0.42%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%e,f		748		748,362
				748,362
TOTAL SHORT-TERM INVESTMENTS
(Cost: $748,362)				748,362
TOTAL INVESTMENTS IN SECURITIES — 98.03%
(Cost: $191,683,516)				175,054,547
Other Assets, Less Liabilities — 1.97%				3,518,616
NET ASSETS — 100.00%			$	178,573,163

^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

January 31, 2014

Security	Principal (000s)			Value
FOREIGN GOVERNMENT OBLIGATIONS — 97.38%
BRAZIL — 12.38%
Brazil (Federative Republic of)
0.00%, 04/01/14		BRL	23,343	$	9,487,983
0.00%, 07/01/14		BRL	42,000		16,629,434
0.00%, 01/01/15		BRL	23,562		8,789,291
0.00%, 01/01/16		BRL	15,200		5,007,569
0.00%, 01/01/17		BRL	11,865		3,432,530
8.50%, 01/05/24		BRL	500		179,618
10.00%, 01/01/15		BRL	4,398		1,792,114
10.00%, 01/01/18		BRL	19,339		7,279,462
10.00%, 01/01/21		BRL	35,368		12,570,828
10.00%, 01/01/23		BRL	2,494		859,797
10.25%, 01/10/28		BRL	1,420		555,558
12.50%, 01/05/16		BRL	1,400		600,628
12.50%, 01/05/22		BRL	1,633		734,978
					67,919,790
CHILE — 0.08%
Chile (Republic of)
5.50%, 08/05/20		CLP	237,000		427,113
					427,113
COLOMBIA — 4.15%
Colombia (Republic of)
7.50%, 08/26/26		COP	13,009,800		6,355,840
7.75%, 04/14/21		COP	496,000		264,694
9.25%, 05/14/14		COP	23,952,000		12,012,837
9.85%, 06/28/27		COP	2,998,000		1,796,037
10.00%, 07/24/24		COP	2,060,000		1,222,599
11.25%, 10/24/18		COP	1,865,000		1,106,720
					22,758,727
CZECH REPUBLIC — 4.26%
Czech (Republic of)
2.75%, 03/31/14		CZK	36,920		1,813,491
3.80%, 04/11/15		CZK	109,000		5,560,376
4.20%, 12/04/36		CZK	48,730		2,693,714
4.60%, 08/18/18		CZK	113,700		6,458,185
5.70%, 05/25/24		CZK	76,240		4,877,167
6.95%, 01/26/16		CZK	36,000		1,992,662
					23,395,595
EGYPT — 1.59%
Egypt (Arab Republic of)
14.25%, 10/25/16		EGP	1,000		141,847
16.15%, 01/17/15		EGP	5,700		844,694
16.15%, 07/03/15		EGP	27,742		4,196,657
16.55%, 04/10/17		EGP	10,000		1,480,468
16.58%, 08/14/17		EGP	14,000		2,084,460
					8,748,126

Security	Principal (000s)			Value
HUNGARY — 3.06%
Hungary (Republic of)
5.50%, 02/12/14		HUF	87,500	$	378,199
5.50%, 02/12/16		HUF	1,427,040		6,333,821
6.00%, 11/24/23		HUF	202,740		867,662
6.50%, 06/24/19		HUF	865,250		3,934,731
6.75%, 11/24/17		HUF	83,000		381,047
7.00%, 06/24/22		HUF	230,000		1,050,001
7.50%, 11/12/20		HUF	186,500		886,298
7.75%, 08/24/15		HUF	648,290		2,966,587
					16,798,346
INDONESIA — 4.06%
Indonesia (Republic of)
6.63%, 05/15/33		IDR	22,700,000		1,375,758
7.00%, 05/15/22		IDR	3,630,000		265,784
8.25%, 06/15/32		IDR	32,000,000		2,312,858
9.50%, 06/15/15		IDR	3,791,000		317,159
9.50%, 07/15/31		IDR	114,554,000		9,346,143
10.00%, 07/15/17		IDR	55,107,000		4,750,214
10.00%, 09/15/24		IDR	7,060,000		608,571
11.00%, 11/15/20		IDR	22,885,000		2,092,281
11.00%, 09/15/25		IDR	13,220,000		1,209,938
					22,278,706
ISRAEL — 4.37%
Israel (State of)
3.50%, 08/31/14		ILS	16,450		4,741,607
4.00%, 01/31/18		ILS	1,700		522,203
4.25%, 03/31/23		ILS	13,513		4,050,573
5.50%, 01/31/22		ILS	3,150		1,035,221
5.50%, 01/31/42		ILS	3,582		1,093,250
6.00%, 02/28/19		ILS	37,490		12,554,252
					23,997,106
MALAYSIA — 4.47%
Malaysia (Federation of)
3.49%, 03/31/20		MYR	6,899		1,996,247
3.73%, 06/15/28		MYR	1,800		494,469
3.84%, 08/12/15		MYR	16,605		5,017,623
4.13%, 04/15/32		MYR	7,400		2,051,280
4.39%, 04/15/26		MYR	1,300		385,972
5.09%, 04/30/14		MYR	14,150		4,250,285
5.73%, 07/30/19		MYR	31,870		10,306,966
					24,502,842
MEXICO — 7.40%
United Mexican States
6.25%, 06/16/16		MXN	39,979		3,133,433
6.50%, 06/10/21		MXN	59,936		4,535,724
7.00%, 06/19/14		MXN	29,069		2,199,779
7.25%, 12/15/16		MXN	155,218		12,478,009
7.50%, 06/03/27		MXN	29,837		2,322,998
7.75%, 12/14/17		MXN	25,850		2,114,458
7.75%, 11/13/42		MXN	47,701		3,563,994
8.00%, 12/07/23		MXN	81,383		6,685,224
8.50%, 11/18/38		MXN	29,330		2,373,841

11

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

January 31, 2014

Security	Principal (000s)			Value
10.00%, 12/05/24		MXN	12,500	$	1,172,022
					40,579,482
NIGERIA — 0.94%
Nigeria (Federal Republic of)
4.00%, 04/23/15		NGN	398,000		2,207,704
10.00%, 07/23/30		NGN	162,000		766,817
15.10%, 04/27/17		NGN	273,000		1,739,797
16.39%, 01/27/22		NGN	62,000		430,274
					5,144,592
PERU — 0.98%
Peru (Republic of)
6.85%, 02/12/42		PEN	1,300		416,839
8.20%, 08/12/26		PEN	12,264		4,939,938
					5,356,777
PHILIPPINES — 3.15%
Philippines (Republic of the)
4.00%, 12/06/22		PHP	68,000		1,479,105
4.95%, 01/15/21		PHP	49,000		1,135,260
5.00%, 08/18/18		PHP	76,500		1,809,093
6.25%, 01/14/36		PHP	57,000		1,308,032
7.00%, 01/27/16		PHP	216,246		5,179,455
8.00%, 07/19/31		PHP	17,300		519,500
8.13%, 12/16/35		PHP	203,140		5,823,100
					17,253,545
POLAND — 6.59%
Poland (Republic of)
0.00%, 07/25/15		PLN	14,820		4,497,833
0.00%, 01/25/16		PLN	17,700		5,273,642
3.75%, 04/25/18		PLN	15,000		4,703,783
4.00%, 10/25/23		PLN	9,500		2,847,966
4.75%, 10/25/16		PLN	10,657		3,489,282
5.25%, 10/25/20		PLN	4,000		1,322,230
5.75%, 04/25/14		PLN	17,617		5,626,151
5.75%, 09/23/22		PLN	23,398		7,964,488
5.75%, 04/25/29		PLN	1,250		427,076
					36,152,451
ROMANIA — 1.59%
Romania (Republic of)
5.75%, 01/27/16		RON	11,160		3,462,248
5.85%, 07/28/14		RON	6,120		1,850,338
5.85%, 04/26/23		RON	6,000		1,816,017
5.90%, 07/26/17		RON	5,100		1,606,291
					8,734,894
RUSSIA — 4.12%
Russian Federation (The)
6.88%, 07/15/15		RUB	149,593		4,269,777
6.90%, 02/06/36a		RUB	22,500		534,835
7.10%, 03/13/14		RUB	83,500		2,373,183
7.40%, 04/19/17		RUB	142,140		4,032,827
7.60%, 04/14/21		RUB	172,556		4,770,829
7.85%, 03/10/18b		RUB	15,000		426,350

Security	Principal (000s)			Value
8.15%, 02/03/27		RUB	184,740	$	5,210,003
12.00%, 08/20/14		RUB	34,400		1,006,291
					22,624,095
SOUTH AFRICA — 4.25%
South Africa (Republic of)
6.25%, 03/31/36		ZAR	43,064		2,753,012
6.50%, 02/28/41		ZAR	81,983		5,242,532
6.75%, 03/31/21		ZAR	48,400		3,924,436
8.25%, 09/15/17		ZAR	106,911		9,637,387
8.75%, 02/28/48		ZAR	5,800		483,734
13.50%, 09/15/15		ZAR	13,100		1,279,064
					23,320,165
SOUTH KOREA — 21.11%
Korea (Republic of)
2.74%, 02/02/15		KRW	12,644,000		11,818,274
2.75%, 09/10/17		KRW	9,271,640		8,566,793
2.82%, 08/02/14		KRW	18,598,190		17,391,093
3.00%, 12/10/42		KRW	700,000		548,817
3.59%, 04/02/14		KRW	13,800,000		12,913,479
4.00%, 03/10/16		KRW	10,471,600		10,010,218
4.00%, 12/10/31		KRW	13,873,490		13,247,572
4.75%, 12/10/30		KRW	2,400,000		2,497,762
5.00%, 06/10/20		KRW	8,100,000		8,244,769
5.25%, 09/10/15		KRW	11,702,460		11,352,922
5.25%, 03/10/27		KRW	5,000,000		5,395,525
5.50%, 09/10/17		KRW	2,281,600		2,305,517
5.50%, 12/10/29		KRW	4,354,040		4,878,347
5.75%, 09/10/18		KRW	6,400,000		6,610,772
					115,781,860
THAILAND — 4.46%
Thailand (Kingdom of)
3.13%, 12/11/15		THB	320,206		9,809,323
3.58%, 12/17/27		THB	85,283		2,425,812
3.63%, 05/22/15		THB	33,663		1,036,263
3.78%, 06/25/32		THB	21,000		590,791
3.80%, 06/14/41		THB	30,000		811,404
3.88%, 06/13/19		THB	17,300		537,721
4.88%, 06/22/29		THB	24,000		774,399
5.67%, 03/13/28		THB	196,234		6,857,061
6.15%, 07/07/26		THB	45,029		1,622,703
					24,465,477
TURKEY — 4.37%
Turkey (Republic of)
6.30%, 02/14/18		TRY	15,360		5,853,499
7.50%, 09/24/14		TRY	5,355		2,319,189
8.50%, 09/14/22		TRY	6,294		2,533,301
8.80%, 09/27/23		TRY	2,020		821,974
9.00%, 03/05/14		TRY	3,228		1,426,251
9.00%, 01/27/16		TRY	25,654		11,017,793
					23,972,007
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $584,625,783)					534,211,696

12

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

January 31, 2014

	Value
TOTAL INVESTMENTS IN SECURITIES — 97.38%
(Cost: $584,625,783)	$	534,211,696
Other Assets, Less Liabilities — 2.62%		14,359,987
NET ASSETS — 100.00%	$	548,571,683

BRL	—  Brazilian Real
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.

See accompanying notes to schedules of investments.

13

Schedule of Investments  (Unaudited)

iSHARES^® GLOBAL EX USD HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security		Principal (000s)		Value
CORPORATE BONDS & NOTES — 94.99%
AUSTRIA — 0.36%
BAWAG PSK
8.13%, 10/30/23a	EUR		100	$	141,514
Wienerberger AG
4.00%, 04/17/20	EUR		100		140,620
					282,134
BELGIUM — 0.39%
Barry Callebaut Services NV
5.63%, 06/15/21a	EUR		100		152,139
6.00%, 07/13/17	EUR		100		152,638
					304,777
CANADA — 3.73%
Air Canada
7.63%, 10/01/19 (Call 10/01/16)b	CAD		150		143,330
Armtec Holdings Ltd.
8.88%, 09/22/17 (Call 03/03/14)	CAD		13		9,240
Athabasca Oil Corp.
7.50%, 11/19/17 (Call 11/19/14)b	CAD		150		129,490
Baytex Energy Corp.
6.63%, 07/19/22 (Call 07/19/17)	CAD		100		93,726
Bombardier Inc.
6.13%, 05/15/21a	EUR		200		288,482
Canadian Energy Services & Technology Corp.
7.38%, 04/17/20 (Call 04/17/17)	CAD		100		93,054
Cascades Inc.
7.75%, 12/15/16 (Call 03/03/14)a	CAD		50		46,639
Centric Health Corp.
8.63%, 04/18/18 (Call 04/18/16)	CAD		80		65,294
Connacher Oil and Gas Ltd.
8.75%, 08/01/18 (Call 08/01/15)b	CAD		100		63,074
Corus Entertainment Inc.
4.25%, 02/11/20a	CAD		100		86,215
Crew Energy Inc.
8.38%, 10/21/20 (Call 10/21/16)a	CAD		50		45,910
Gateway Casinos & Entertainment Ltd.
8.50%, 11/26/20 (Call 11/26/16)b	CAD		50		44,453
GFL Environmental Corp.
7.50%, 06/18/18 (Call 06/18/15)a	CAD		100		92,605
Gibson Energy Inc.
7.00%, 07/15/20 (Call 07/15/16)b	CAD		100		95,744
Great Canadian Gaming Corp.
6.63%, 07/25/22 (Call 07/25/17)b	CAD		100		94,623
Iron Mountain Canada Operations ULC
6.13%, 08/15/21 (Call 08/15/17)	CAD		100		90,139
Mattamy Group Corp.
6.88%, 11/15/20 (Call 11/15/15)b	CAD		100		89,690
Newalta Corp. Series 2
7.75%, 11/14/19 (Call 11/14/15)	CAD		50		48,076
Paramount Resources Ltd.
7.63%, 12/04/19 (Call 12/04/15)	CAD		100		91,940
8.25%, 12/13/17 (Call 03/03/14)	CAD		150		139,405

Security		Principal (000s)		Value
Perpetual Energy Inc.
8.75%, 03/15/18 (Call 03/15/15)a	CAD		50	$	43,276
Postmedia Network Inc.
8.25%, 08/16/17 (Call 08/16/15)b	CAD		47		43,115
Quebecor Media Inc.
6.63%, 01/15/23b	CAD		200		179,605
7.38%, 01/15/21 (Call 01/15/16)	CAD		150		145,130
River Cree Enterprises LP
11.00%, 01/20/21 (Call 01/20/18)b	CAD		50		46,639
Russel Metals Inc.
6.00%, 04/19/22 (Call 04/19/17)b	CAD		50		45,798
Southern Pacific Resource Corp.
8.75%, 01/25/18 (Call 01/25/15)b	CAD		50		32,288
Tervita Corp.
9.00%, 11/15/18 (Call 11/15/15)b	CAD		25		23,263
Trident Exploration Corp.
8.25%, 04/13/18 (Call 04/13/15)	CAD		50		34,979
Trilogy Energy Corp.
7.25%, 12/13/19 (Call 12/13/15)b	CAD		100		93,726
Vermilion Energy Inc.
6.50%, 02/10/16 (Call 03/03/14)	CAD		100		92,264
Videotron Ltee
5.63%, 06/15/25 (Call 03/15/25)	CAD		75		64,829
6.88%, 07/15/21 (Call 06/15/16)	CAD		75		73,995
YPG Financing Inc.
9.25%, 11/30/18 (Call 03/03/14)b	CAD		185		174,666
					2,944,702
FINLAND — 0.86%
Nokia OYJ
6.75%, 02/04/19a	EUR		100		152,757
Stora Enso OYJ
5.00%, 03/19/18a	EUR		100		144,266
5.50%, 03/07/19a	EUR		200		293,900
UPM-Kymmene OYJ
6.63%, 01/23/17	GBP		50		89,272
					680,195
FRANCE — 14.11%
Alcatel-Lucent
6.38%, 04/07/14a	EUR		100		135,529
8.50%, 01/15/16a	EUR		100		148,384
Banque PSA Finance SA
4.00%, 06/24/15a	EUR		400		554,605
4.25%, 02/25/16a	EUR		150		211,819
4.88%, 09/25/15a	EUR		100		141,360
Cegedim SA
6.75%, 04/01/20 (Call 04/01/16)a	EUR		100		141,040
Cerba European Lab
7.00%, 02/01/20 (Call 02/01/16)a	EUR		100		142,946
Ciments Francais SA
4.75%, 04/04/17a	EUR		100		144,632
CMA CGM SA
8.88%, 04/15/19 (Call 04/15/15)a	EUR		100		132,888
Crown European Holdings SA
7.13%, 08/15/18 (Call 08/15/14)a	EUR		100		142,567
Europcar Groupe SA
9.38%, 04/15/18 (Call 03/03/14)a	EUR		100		141,766
11.50%, 05/15/17a	EUR		100		153,834
Faurecia SA
8.75%, 06/15/19 (Call 06/15/15)a	EUR		100		152,836

14

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL EX USD HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security		Principal (000s)		Value
9.38%, 12/15/16a	EUR		100	$	159,556
Financiere Atalian SA
7.25%, 01/15/20 (Call 01/15/17)a	EUR		100		142,342
Groupama SA
7.88%, 10/27/39 (Call 10/27/19)c	EUR		200		283,330
Labco SAS
8.50%, 01/15/18 (Call 03/03/14)a	EUR		125		178,683
Lafarge SA
4.75%, 09/30/20a	EUR		250		356,326
5.38%, 06/26/17a	EUR		550		814,720
5.88%, 07/09/19a	EUR		350		532,172
6.13%, 05/28/15	EUR		150		213,999
6.75%, 12/16/19a	EUR		100		156,106
8.88%, 11/24/16a	EUR		200		317,584
Loxam SAS
7.38%, 01/24/20 (Call 01/24/16)a	EUR		100		145,812
Medi-Partenaires SAS
7.00%, 05/15/20 (Call 05/15/16)a	EUR		100		139,069
Nexans SA
5.75%, 05/02/17	EUR		100		147,736
Novalis SAS
6.00%, 06/15/18 (Call 06/15/15)a	EUR		100		141,151
PagesJaunes Finance & Co.
8.88%, 06/01/18 (Call 06/01/14)a	EUR		100		107,884
Peugeot SA
5.63%, 06/29/15	EUR		50		70,806
5.63%, 07/11/17	EUR		300		434,321
6.50%, 01/18/19a	EUR		100		147,633
6.88%, 03/30/16a	EUR		200		293,984
7.38%, 03/06/18a	EUR		200		303,087
8.38%, 07/15/14a	EUR		150		208,351
Renault SA
3.63%, 09/19/18a	EUR		250		352,359
4.63%, 09/18/17a	EUR		250		365,036
5.63%, 06/30/15	EUR		500		713,042
Rexel SA
5.13%, 06/15/20 (Call 06/15/16)a	EUR		200		281,510
7.00%, 12/17/18 (Call 06/17/15)a	EUR		100		147,444
SMCP SAS
8.88%, 06/15/20 (Call 06/15/16)a	EUR		100		143,625
SPCM SA
5.50%, 06/15/20 (Call 06/15/16)a	EUR		100		145,728
Tereos Finance Group I
4.25%, 03/04/20 (Call 03/04/19)	EUR		100		134,729
Wendel SA
3.75%, 01/21/21	EUR		100		133,523
4.38%, 08/09/17	EUR		150		213,924
4.88%, 09/21/15	EUR		100		141,429
4.88%, 05/26/16	EUR		200		285,731
5.88%, 09/17/19a	EUR		200		301,410
6.75%, 04/20/18	EUR		100		154,751
					11,153,099
GERMANY — 11.00%
Brenntag Finance BV
5.50%, 07/19/18a	EUR		100		152,657
CeramTec Group GmbH
8.25%, 08/15/21 (Call 08/15/16)a	EUR		100		145,812
Commerzbank AG
6.38%, 03/22/19	EUR		400		591,353
7.75%, 03/16/21	EUR		400		614,944

Security		Principal (000s)		Value
Deutsche Lufthansa AG
6.50%, 07/07/16	EUR		200	$	303,623
Deutsche Raststaetten Gruppe IV GmbH
6.75%, 12/30/20 (Call 12/30/16)a	EUR		100		142,447
Franz Haniel & Cie GmbH
6.25%, 02/08/18	EUR		100		154,760
7.13%, 02/01/17	EUR		150		225,798
FTE Verwaltungs GmbH
9.00%, 07/15/20 (Call 07/15/16)a	EUR		100		147,835
Gerresheimer AG
5.00%, 05/19/18a	EUR		75		112,874
Hapag-Lloyd AG
7.75%, 10/01/18 (Call 10/01/15)a	EUR		100		139,597
9.00%, 10/15/15 (Call 03/14/14)a	EUR		79		111,838
Heckler & Koch GmbH
9.50%, 05/15/18 (Call 05/15/14)a	EUR		100		137,889
Heidelberger Druckmaschinen AG
9.25%, 04/15/18 (Call 04/15/14)a	EUR		50		70,967
Hornbach Baumarkt AG
3.88%, 02/15/20a	EUR		100		141,267
KM Germany Holdings GmbH
8.75%, 12/15/20 (Call 12/15/15)a	EUR		100		150,195
Norddeutsche Landesbank Girozentrale
6.00%, 06/29/20	EUR		100		150,554
Orion Engineered Carbons Bondco GmbH
10.00%, 06/15/18 (Call 06/15/14)a	EUR		90		133,304
SGL Carbon SE
4.88%, 01/15/21 (Call 01/15/17)a	EUR		100		140,367
Styrolution Group GmbH
7.63%, 05/15/16 (Call 03/03/14)a	EUR		125		175,311
Techem Energy Metering Service GmbH & Co. KG
6.13%, 10/01/19 (Call 10/01/15)a	EUR		100		145,981
7.88%, 10/01/20 (Call 10/01/16)a	EUR		100		151,285
ThyssenKrupp AG
4.00%, 08/27/18	EUR		550		774,820
4.38%, 03/18/15	EUR		200		277,392
4.38%, 02/28/17	EUR		250		354,893
ThyssenKrupp Finance Nederland BV
8.50%, 02/25/16	EUR		350		529,727
Trionista Holdco GmbH
5.00%, 04/30/20 (Call 04/30/16)a	EUR		100		138,564
Trionista TopCo GmbH
6.88%, 04/30/21 (Call 04/30/16)a	EUR		200		289,803
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
5.13%, 01/21/23 (Call 01/21/18)a	EUR		100		137,721
5.50%, 09/15/22 (Call 09/15/17)a	EUR		150		212,565
5.63%, 04/15/23 (Call 04/15/18)a	EUR		100		140,532
5.75%, 01/15/23 (Call 01/15/18)a	EUR		200		283,533
7.50%, 03/15/19 (Call 03/15/15)a	EUR		250		367,536
Unitymedia KabelBW GmbH
9.50%, 03/15/21 (Call 03/15/16)a	EUR		100		155,960
9.63%, 12/01/19 (Call 12/01/14)a	EUR		100		147,751
UPCB Finance Ltd.
7.63%, 01/15/20 (Call 01/15/15)a	EUR		50		72,541
UPCB Finance II Ltd.
6.38%, 07/01/20 (Call 07/01/15)a	EUR		300		430,188
WEPA Hygieneprodukte GmbH
6.50%, 05/15/20 (Call 05/15/16)a	EUR		100		144,857
					8,699,041

15

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL EX USD HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)			Value
GREECE — 1.44%
Frigoglass Finance BV
8.25%, 05/15/18 (Call 05/15/15)a		EUR	100	$	139,744
OTE PLC
4.63%, 05/20/16		EUR	300		415,951
7.25%, 02/12/15a		EUR	250		352,498
7.88%, 02/07/18a		EUR	150		231,866
					1,140,059
IRELAND — 2.72%
AG Spring Finance Ltd.
7.50%, 06/01/18 (Call 06/01/15)a		EUR	100		138,606
Allied Irish Banks PLC
5.63%, 11/12/14a		EUR	100		138,564
Ardagh Glass Finance PLC
7.13%, 06/15/17 (Call 06/15/14)a		EUR	150		206,834
Ardagh Packaging Finance PLC
7.38%, 10/15/17 (Call 10/15/14)a		EUR	150		215,241
7.38%, 10/15/17 (Call 10/15/14)a		EUR	100		143,494
9.25%, 10/15/20 (Call 10/15/15)a		EUR	100		146,999
Eircom Finance Ltd.
9.25%, 05/15/20 (Call 05/15/16)a		EUR	100		143,569
Governor & Co. of the Bank of Ireland (The)
3.25%, 01/15/19a		EUR	100		136,348
10.00%, 12/19/22a		EUR	100		163,062
Ono Finance II PLC
11.13%, 07/15/19 (Call 03/03/14)a		EUR	100		149,663
Rottapharm Ltd.
6.13%, 11/15/19 (Call 11/15/15)a		EUR	100		138,901
Smurfit Kappa Acquisitions
4.13%, 01/30/20a		EUR	100		138,758
7.75%, 11/15/19 (Call 11/15/14)a		EUR	200		289,938
					2,149,977
ITALY — 11.33%
Astaldi SpA
7.13%, 12/01/20 (Call 12/01/16)a		EUR	200		280,836
Banca Monte dei Paschi di Siena SpA
4.88%, 05/31/16		EUR	150		191,349
5.00%, 04/21/20a		EUR	200		251,270
5.60%, 09/09/20		EUR	50		64,186
Series 1
7.25%, 07/10/15a		EUR	400		567,003
Banca Piccolo Credito Valtellinese Scarl
4.00%, 07/24/15a		EUR	100		137,238
Banca Popolare di Milano Scarl
4.00%, 01/22/16a		EUR	300		411,591
7.13%, 03/01/21a		EUR	100		142,238
Banca Popolare di Vicenza
3.50%, 01/20/17a		EUR	100		135,329
5.00%, 10/25/18a		EUR	100		139,470
6.75%, 02/27/15a		EUR	150		210,445
Banco Popolare
3.75%, 01/28/16a		EUR	500		683,962
5.47%, 11/12/16a		EUR	100		138,564
6.00%, 11/05/20a		EUR	350		486,770
Buzzi Unicem SpA
5.13%, 12/09/16a		EUR	100		144,407
6.25%, 09/28/18a		EUR	100		152,015

Security	Principal (000s)			Value
Cerved Group SpA
6.38%, 01/15/20 (Call 01/15/16)a		EUR	100	$	141,868
Enel SpA
5.00%, 01/15/75 (Call 01/15/20)a,c		EUR	300		398,413
6.50%, 01/10/74 (Call 01/10/19)a,c		EUR	300		427,666
Fiat Finance North America Inc.
5.63%, 06/12/17		EUR	100		143,987
GTECH SpA
8.25%, 03/31/66 (Call 03/31/16)a,c		EUR	150		217,292
Intesa Sanpaolo SpA
6.63%, 09/13/23a		EUR	163		241,201
Italcementi Finance SA
6.13%, 02/21/18a		EUR	200		292,609
6.63%, 03/19/20a,d		EUR	150		223,158
Manutencoop Facility Management SpA
8.50%, 08/01/20 (Call 08/01/16)a		EUR	100		142,900
Salini Costruttori SpA
6.13%, 08/01/18		EUR	100		141,820
Sisal Holding Istituto di Pagamento SpA
7.25%, 09/30/17 (Call 11/01/14)a		EUR	100		135,138
TeamSystem Holding SpA
7.38%, 05/15/20 (Call 05/15/16)a		EUR	100		139,305
Telecom Italia SpA
4.50%, 01/25/21a		EUR	300		405,460
7.75%, 03/20/73 (Call 03/03/14)a,c		EUR	200		272,434
UniCredit SpA
3.95%, 02/01/16		EUR	250		342,218
5.00%, 02/01/16		GBP	50		83,405
6.70%, 06/05/18		EUR	300		447,308
Unipol Gruppo Finanziario SpA
5.00%, 01/11/17a		EUR	250		354,728
Veneto Banca SCPA
4.25%, 01/18/16a		EUR	200		272,542
					8,960,125
JAPAN — 0.53%
Shinshei Bank Ltd.
7.38%, 09/14/20 (Call 09/14/15)c		EUR	50		71,473
SoftBank Corp.
4.63%, 04/15/20a		EUR	250		347,041
					418,514
JERSEY — 0.21%
Hastings Insurance Group Finance PLC
8.00%, 10/21/20 (Call 10/30/16)b		GBP	100		168,865
					168,865
LUXEMBOURG — 15.14%
ArcelorMittal SA
5.75%, 03/29/18a		EUR	100		149,285
5.88%, 11/17/17a		EUR	350		521,080
10.63%, 06/03/16		EUR	300		479,612
Capsugel FinanceCo SCA
9.88%, 08/01/19 (Call 08/01/14)a		EUR	100		149,365
Clariant Finance Luxembourg SA
5.63%, 01/24/17		EUR	150		226,174
CNH Industrial Finance Europe SA
5.25%, 03/11/15a		EUR	300		419,217
6.25%, 03/09/18a		EUR	250		379,718

16

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL EX USD HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)			Value
ConvaTec Healthcare E SA
7.38%, 12/15/17 (Call 03/03/14)a		EUR	150	$	213,253
Elior Finance & Co. SCA
6.50%, 05/01/20 (Call 05/01/16)a		EUR	100		145,981
Fiat Finance & Trade SA
6.38%, 04/01/16a		EUR	400		572,505
6.63%, 03/15/18a		EUR	300		439,631
6.75%, 10/14/19a		EUR	250		366,591
6.88%, 02/13/15		EUR	50		70,463
7.00%, 03/23/17a		EUR	250		366,785
7.75%, 10/17/16a		EUR	200		298,371
Findus Bondco SA
9.13%, 07/01/18 (Call 07/01/15)a		EUR	100		147,221
Finmeccanica Finance SA
4.50%, 01/19/21		EUR	200		269,845
8.00%, 12/16/19		GBP	150		276,612
FMC Finance VIII SA
5.25%, 07/31/19a		EUR	100		151,961
6.50%, 09/15/18a		EUR	250		397,013
Gategroup Finance Luxembourg SA
6.75%, 03/01/19 (Call 03/01/15)a		EUR	100		143,176
GCS Holdco Finance I SA
6.50%, 11/15/18 (Call 11/15/15)a		EUR	100		140,460
Geo Debt Finance SCA
7.50%, 08/01/18 (Call 02/01/15)a		EUR	100		143,513
Gestamp Funding Luxembourg SA
5.88%, 05/31/20 (Call 05/31/16)a		EUR	100		142,285
HeidelbergCement Finance Luxembourg SA
3.25%, 10/21/21a		EUR	150		198,591
4.00%, 03/08/16a		EUR	250		351,719
7.50%, 04/03/20		EUR	200		326,889
8.50%, 10/31/19a		EUR	100		170,356
9.50%, 12/15/18a		EUR	200		347,171
Ineos Group Holdings SA
6.50%, 08/15/18 (Call 05/15/15)a		EUR	100		138,065
7.88%, 02/15/16 (Call 03/03/14)a		EUR	269		363,585
Intralot Finance Luxembourg SA
9.75%, 08/15/18 (Call 08/15/16)a		EUR	100		147,076
KION Finance SA
6.75%, 02/15/20 (Call 02/15/16)a		EUR	100		146,992
7.88%, 04/15/18 (Call 04/15/14)a		EUR	100		140,980
Magnolia BC SA
9.00%, 08/01/20 (Call 08/01/16)a		EUR	100		140,923
Numericable Finance & Co.
12.38%, 02/15/19 (Call 02/15/16)a		EUR	65		106,546
Ontex IV SA
7.50%, 04/15/18 (Call 04/15/14)a		EUR	100		139,541
S&B Minerals Finance SCA/S&B Industrial Minerals North America Inc.
9.25%, 08/15/20 (Call 08/15/16)a		EUR	100		144,969
Servus Luxembourg Holding SCA
7.75%, 06/15/18 (Call 06/15/15)a		EUR	100		141,827
Spie BondCo 3 SCA
11.00%, 08/15/19 (Call 08/15/15)a		EUR	100		153,566
Takko Luxembourg 2 S.C.A
9.88%, 04/15/19 (Call 04/15/16)a		EUR	100		125,415
Telenet Finance III Luxembourg SCA
6.63%, 02/15/21 (Call 02/15/16)a		EUR	100		146,097
Telenet Finance Luxembourg SCA
6.38%, 11/15/20 (Call 11/15/15)a		EUR	100		144,560
Telenet Finance V Luxembourg SCA
6.25%, 08/15/22 (Call 08/15/17)a		EUR	100		144,976
6.75%, 08/15/24 (Call 08/15/18)a		EUR	100		145,174

Security	Principal (000s)			Value
Wind Acquisition Holdings Finance SA
7.38%, 02/15/18 (Call 03/03/14)a		EUR	550	$	779,461
11.75%, 07/15/17 (Call 03/03/14)a		EUR	300		425,660
Xefin Lux SCA
8.00%, 06/01/18 (Call 06/01/14)a		EUR	100		144,744
Zinc Capital SA/Befesa Zinc SA
8.88%, 05/15/18 (Call 05/15/14)a		EUR	100		144,801
					11,969,801
NETHERLANDS — 11.84%
Carlson Wagonlit BV
7.50%, 06/15/19 (Call 06/15/15)a		EUR	100		144,861
EDP Finance BV
3.25%, 03/16/15a		EUR	250		342,678
4.13%, 01/20/21a		EUR	150		204,558
4.63%, 06/13/16		EUR	200		283,510
4.75%, 09/26/16a		EUR	200		285,205
4.88%, 09/14/20		EUR	300		428,852
5.75%, 09/21/17a		EUR	250		370,565
5.88%, 02/01/16a		EUR	250		360,737
Fresenius Finance BV
2.88%, 07/15/20a		EUR	50		67,673
3.00%, 02/01/21a		EUR	200		268,631
4.25%, 04/15/19a		EUR	150		219,724
GMAC International Finance BV
7.50%, 04/21/15a		EUR	150		215,595
Goodyear Dunlop Tires Europe BV
6.75%, 04/15/19 (Call 04/15/15)a		EUR	100		144,646
HeidelbergCement Finance BV
5.63%, 01/04/18		EUR	150		224,183
8.00%, 01/31/17a		EUR	500		781,424
Hertz Holdings Netherlands BV
4.38%, 01/15/19a		EUR	100		134,282
InterXion Holding NV
6.00%, 07/15/20 (Call 07/15/16)a		EUR	100		142,609
Nokia Siemens Networks Finance BV
6.75%, 04/15/18 (Call 04/15/15)a		EUR	100		144,192
7.13%, 04/15/20 (Call 04/15/16)a		EUR	100		152,419
OI European Group BV
4.88%, 03/31/21a		EUR	100		141,035
6.75%, 09/15/20a		EUR	100		156,190
Phoenix PIB Dutch Finance BV
3.13%, 05/27/20a		EUR	100		130,358
Portugal Telecom International Finance BV
4.38%, 03/24/17		EUR	250		353,327
4.63%, 05/08/20a		EUR	300		410,566
5.00%, 11/04/19a		EUR	150		211,390
5.63%, 02/08/16a		EUR	100		144,183
5.88%, 04/17/18a		EUR	350		512,128
Refresco Gerber BV
7.38%, 05/15/18 (Call 05/15/14)a		EUR	100		142,841
Schaeffler Finance BV
4.25%, 05/15/18 (Call 05/15/15)a		EUR	100		139,305
7.75%, 02/15/17a		EUR	250		386,528
8.75%, 02/15/19 (Call 02/15/15)a		EUR	250		377,506
SNS BANK NV
6.25%, 10/26/20e,f		EUR	50		—
Stork Technical Services Holdings BV
11.00%, 08/15/17 (Call 02/15/15)a		EUR	100		134,860
Univeg Holding BV
7.88%, 11/15/20 (Call 11/15/16)a		EUR	100		134,181
UPC Holding BV
6.38%, 09/15/22 (Call 09/15/17)a		EUR	200		274,767

17

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL EX USD HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)			Value
6.75%, 03/15/23 (Call 03/15/18)a		EUR	100	$	138,901
8.38%, 08/15/20 (Call 08/15/15)a		EUR	200		296,007
Ziggo Bond Co. BV
8.00%, 05/15/18 (Call 05/15/14)a		EUR	250		357,858
					9,358,275
NORWAY — 0.10%
Norske Skogindustrier ASA
7.00%, 06/26/17a		EUR	100		75,890
					75,890
PORTUGAL — 2.03%
Banco Espirito Santo SA
3.88%, 01/21/15		EUR	150		204,614
4.00%, 01/21/19a		EUR	100		133,693
4.75%, 01/15/18a		EUR	100		139,128
5.88%, 11/09/15a		EUR	200		282,634
7.13%, 11/28/23 (Call 11/28/18)a,c		EUR	200		269,980
Brisa Concessao Rodoviaria SA
4.50%, 12/05/16		EUR	100		142,798
6.88%, 04/02/18a		EUR	100		151,206
Espirito Santo Financial Group SA
6.88%, 10/21/19		EUR	100		136,680
Portucel SA
5.38%, 05/15/20 (Call 05/15/16)a		EUR	100		143,684
					1,604,417
SPAIN — 6.36%
Abengoa Finance SAU
8.88%, 02/05/18a		EUR	100		146,689
Abengoa SA
8.50%, 03/31/16		EUR	100		145,306
9.63%, 02/25/15a		EUR	200		285,555
Banco de Sabadell SA
2.50%, 12/05/16		EUR	200		272,005
6.25%, 04/26/20		EUR	150		214,268
Bankia SA
3.50%, 01/17/19a		EUR	300		402,984
4.38%, 02/14/17		EUR	100		141,274
Bankinter SA
6.38%, 09/11/19		EUR	50		73,442
BPE Financiaciones SA
2.88%, 05/19/16		EUR	400		546,751
4.00%, 07/17/15a		EUR	200		277,353
CaixaBank SA
5.00%, 11/14/23 (Call 11/14/18)a,c		EUR	200		276,850
Campofrio Food Group SA
8.25%, 10/31/16 (Call 03/14/14)a		EUR	125		176,382
Cirsa Funding Luxembourg SA
8.75%, 05/15/18 (Call 05/15/14)a		EUR	150		205,236
Inaer Aviation Finance Ltd.
9.50%, 08/01/17 (Call 08/01/14)a		EUR	100		141,724
Mapfre SA
5.13%, 11/16/15		EUR	300		430,117
5.92%, 07/24/37 (Call 07/24/17)c		EUR	200		273,081
Nara Cable Funding Ltd.
8.88%, 12/01/18 (Call 03/03/14)a		EUR	300		438,447
NH Hoteles SA
6.88%, 11/15/19 (Call 11/15/17)a		EUR	100		142,778

Security	Principal (000s)			Value
Obrascon Huarte Lain SA
7.38%, 04/28/15		EUR	100	$	142,820
7.63%, 03/15/20 (Call 03/15/16)a		EUR	100		148,973
8.75%, 03/15/18 (Call 03/15/15)a		EUR	100		148,678
					5,030,713
SWEDEN — 1.38%
Norcell Sweden Holding 2 AB
10.75%, 09/29/19 (Call 11/14/15)a		EUR	100		151,150
Perstorp Holding AB
9.00%, 05/15/17 (Call 05/15/15)a		EUR	100		145,026
Stena AB
6.13%, 02/01/17a		EUR	100		145,060
Unilabs Subholding AB
8.50%, 07/15/18 (Call 07/15/15)a		EUR	200		282,521
Verisure Holding AB
8.75%, 09/01/18 (Call 09/01/14)a		EUR	150		219,733
8.75%, 12/01/18 (Call 12/01/14)a		EUR	100		145,650
					1,089,140
SWITZERLAND — 0.55%
Sunrise Communications Holdings SA
8.50%, 12/31/18 (Call 12/31/14)a		EUR	300		437,267
					437,267
UNITED KINGDOM — 10.06%
AA Bond Co. Ltd.
9.50%, 07/31/43 (Call 01/31/16)a		GBP	200		362,299
Algeco Scotsman Global Finance PLC
9.00%, 10/15/18 (Call 10/15/15)a		EUR	100		146,992
Arqiva Broadcast Finance PLC
9.50%, 03/31/20 (Call 03/31/16)a		GBP	200		365,668
Aston Martin Capital Ltd.
9.25%, 07/15/18 (Call 07/15/14)b		GBP	100		175,849
Bakkavor Finance (2) PLC
8.25%, 02/15/18 (Call 02/15/15)b		GBP	100		174,206
Boparan Finance PLC
9.75%, 04/30/18 (Call 04/30/14)a		EUR	100		145,793
9.88%, 04/30/18 (Call 04/30/14)b		GBP	100		177,903
British Airways PLC
8.75%, 08/23/16		GBP	75		140,078
Care UK
9.75%, 08/01/17 (Call 08/01/14)b		GBP	50		87,020
Co-Operative Bank PLC
2.38%, 10/23/15a		EUR	100		131,765
Co-Operative Group Ltd.
6.88%, 07/08/20a,d		GBP	100		170,922
EC Finance PLC
9.75%, 08/01/17 (Call 08/01/14)a		EUR	100		145,138
Elli Finance UK PLC
8.75%, 06/15/19 (Call 06/15/15)b		GBP	200		363,202
Equiniti Newco 2 PLC
7.13%, 12/15/18 (Call 06/15/15)b		GBP	100		172,562
Gala Group Finance PLC
8.88%, 09/01/18 (Call 06/01/14)b		GBP	150		261,925
HBOS PLC
4.38%, 10/30/19 (Call 10/30/14)c		EUR	50		67,531
Infinis PLC
7.00%, 02/15/19 (Call 02/15/16)b		GBP	100		176,876
Jaguar Land Rover Automotive PLC
8.13%, 05/15/18 (Call 05/15/14)b		GBP	125		220,839

18

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL EX USD HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)			Value
8.25%, 03/15/20 (Call 03/15/16)b		GBP	200	$	372,652
Kerling PLC
10.63%, 02/01/17 (Call 03/14/14)a		EUR	150		214,864
Matalan Finance PLC
8.88%, 04/29/16 (Call 03/03/14)b		GBP	100		168,454
New Look Bondco I PLC
8.75%, 05/14/18 (Call 05/14/15)a		GBP	100		174,671
Odeon & UCI Finco PLC
9.00%, 08/01/18 (Call 08/01/14)b		GBP	100		163,591
Phones4u Finance PLC
9.50%, 04/01/18 (Call 04/01/14)b		GBP	100		170,919
Priory Group No. 3 PLC
7.00%, 02/15/18 (Call 03/03/14)b		GBP	125		215,703
R & R Ice Cream PLC
8.38%, 11/15/17 (Call 03/03/14)a		EUR	100		143,202
Rexam PLC
6.75%, 06/29/67 (Call 06/29/17)a,c		EUR	150		215,518
Royal Bank of Scotland Group PLC
4.63%, 09/22/21 (Call 09/22/16)c		EUR	250		340,323
Thomas Cook Finance PLC
7.75%, 06/15/20 (Call 06/15/16)a		EUR	200		291,793
Thomas Cook Group PLC
6.75%, 06/22/15		EUR	50		70,715
7.75%, 06/22/17		GBP	100		177,493
Virgin Media Finance PLC
7.00%, 04/15/23 (Call 04/15/18)a		GBP	100		169,275
Virgin Media Secured Finance PLC
5.50%, 01/15/21		GBP	200		328,690
6.00%, 04/15/21 (Call 04/15/17)a		GBP	200		336,003
6.00%, 04/15/21 (Call 04/15/17)b		GBP	100		167,632
7.00%, 01/15/18 (Call 03/03/14)		GBP	200		341,016
Viridian Group
11.13%, 04/01/17 (Call 04/01/15)a		EUR	91		134,376
Vougeot Bidco PLC Series 144
7.88%, 07/15/20 (Call 07/15/16)b		GBP	100		176,671
William Hill PLC
7.13%, 11/11/16		GBP	50		92,033
					7,952,162
UNITED STATES — 0.85%
Allied Nevada Gold Corp.
8.75%, 06/01/19 (Call 06/01/16)b		CAD	75		48,433
Axalta Coating Systems U.S. Holdings Inc./Axalta Coating Systems Dutch Holding BV
5.75%, 02/01/21 (Call 02/01/16)a		EUR	100		141,375
Belden Inc.
5.50%, 04/15/23 (Call 04/15/18)a		EUR	100		132,720
Chesapeake Energy Corp.
6.25%, 01/15/17		EUR	50		73,636
Huntsman International LLC
5.13%, 04/15/21a		EUR	100		135,784
Levi Strauss & Co.
7.75%, 05/15/18 (Call 05/15/14)		EUR	100		141,679
					673,627
TOTAL CORPORATE BONDS & NOTES
(Cost: $72,713,237)					75,092,780

Security	Principal or Shares (000s)			Value
FOREIGN AGENCY OBLIGATIONS — 0.53%
PORTUGAL — 0.53%
Caixa Geral de Depositos SA
5.13%, 02/19/14		EUR	100	$	135,024
5.63%, 12/04/15a		EUR	200		284,674
					419,698
TOTAL FOREIGN AGENCY OBLIGATIONS
(Cost: $412,172)					419,698
SHORT-TERM INVESTMENTS — 0.02%
MONEY MARKET FUNDS — 0.02%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%g,h			18		17,959
					17,959
TOTAL SHORT-TERM INVESTMENTS
(Cost: $17,959)					17,959
TOTAL INVESTMENTS IN SECURITIES — 95.54%
(Cost: $73,143,368)					75,530,437
Other Assets, Less Liabilities — 4.46%					3,523,232
NET ASSETS — 100.00%				$	79,053,669

CAD — Canadian Dollar

EUR — Euro

GBP — British Pound

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

^b  This security may be resold to qualified institutional buyers under Rule 144A 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  Security valued using Level 3 inputs in accordance with management’s fair valuation policy. See Note 1.

^f  Issuer is in default of interest payments.

^g  Affiliated issuer. See Note 2.

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

See accompanying notes to schedules of investments.

19

Schedule of Investments  (Unaudited)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)				Value
CORPORATE BONDS & NOTES — 96.83%
AUSTRALIA — 0.70%
FMG Resources (August 2006) Pty Ltd.
6.38%, 02/01/16 (Call 03/14/14)a,b		USD	$	100	$	103,500
6.88%, 02/01/18 (Call 03/03/14)a,b		USD		250		262,500
6.88%, 04/01/22 (Call 04/01/17)a,b		USD		100		108,000
7.00%, 11/01/15 (Call 03/14/14)a		USD		51		53,040
8.25%, 11/01/19 (Call 11/01/15)a		USD		100		110,750
						637,790
BELGIUM — 0.17%
Barry Callebaut Services NV
5.63%, 06/15/21c		EUR		100		152,139
						152,139
CANADA — 2.87%
Air Canada
7.63%, 10/01/19 (Call 10/01/16)a		CAD		50		47,777
Armtec Holdings Ltd.
8.88%, 09/22/17 (Call 03/03/14)		CAD		6		4,265
Athabasca Oil Corp.
7.50%, 11/19/17 (Call 11/19/14)c		CAD		100		86,551
Baytex Energy Corp.
6.63%, 07/19/22 (Call 07/19/17)		CAD		50		46,863
Bombardier Inc.
6.13%, 05/15/21c		EUR		100		144,241
6.13%, 01/15/23a,b		USD		100		98,375
7.75%, 03/15/20a		USD		150		165,750
Brookfield Residential Properties Inc.
6.13%, 07/01/22 (Call 07/01/17)a,b		USD		25		25,125
6.50%, 12/15/20 (Call 12/15/15)a		USD		100		104,750
Canadian Energy Services & Technology Corp.
7.38%, 04/17/20 (Call 04/17/17)		CAD		50		46,527
Centric Health Corp.
8.63%, 04/18/18 (Call 04/18/16)		CAD		20		16,324
Corus Entertainment Inc.
4.25%, 02/11/20 c		CAD		50		43,107
Gateway Casinos & Entertainment Ltd.
8.50%, 11/26/20 (Call 11/26/16)a		CAD		50		44,453
Great Canadian Gaming Corp.
6.63%, 07/25/22 (Call 07/25/17)a		CAD		50		47,311
Inmet Mining Corp.
7.50%, 06/01/21 (Call 12/01/16)a		USD		50		56,000
8.75%, 06/01/20 (Call 06/01/16)a		USD		100		113,750
Kodiak Oil & Gas Corp.
8.13%, 12/01/19 (Call 12/01/15)		USD		50		55,212
Mattamy Group Corp.
6.88%, 11/15/20 (Call 11/15/15)a		CAD		50		44,845
MEG Energy Corp.
6.38%, 01/30/23 (Call 07/30/17)a		USD		100		99,619
6.50%, 03/15/21 (Call 03/15/15)a		USD		100		103,877
7.00%, 03/31/24 (Call 09/30/18)a		USD		25		25,355
Newalta Corp. Series 2
7.75%, 11/14/19 (Call 11/14/15)		CAD		22		21,154

Security	Principal (000s)			Value
Novelis Inc.
8.75%, 12/15/20 (Call 12/15/15)		USD	150		166,552
Paramount Resources Ltd.
8.25%, 12/13/17 (Call 03/03/14)		CAD	50		46,468
Precision Drilling Corp.
6.63%, 11/15/20 (Call 11/15/15)		USD	100		106,189
Quebecor Media Inc.
6.63%, 01/15/23a		CAD	50		44,901
7.38%, 01/15/21 (Call 01/15/16)		CAD	100		96,753
Russel Metals Inc.
6.00%, 04/19/22 (Call 04/19/17)a		CAD	50		45,798
Tervita Corp.
8.00%, 11/15/18 (Call 11/15/15)a		USD	100		103,375
9.00%, 11/15/18 (Call 11/15/15)a		CAD	25		23,262
Trident Exploration Corp.
8.25%, 04/13/18 (Call 04/13/15)		CAD	25		17,490
Videotron Ltee
5.00%, 07/15/22		USD	100		98,000
5.63%, 06/15/25 (Call 03/15/25)		CAD	25		21,610
VPII Escrow Corp./Valeant Pharmaceuticals International Inc.
6.75%, 08/15/18 (Call 08/15/15)a		USD	150		164,625
7.50%, 07/15/21 (Call 07/15/16)a		USD	150		167,062
YPG Financing Inc.
9.25%, 11/30/18 (Call 03/03/14)a		CAD	58		54,371
					2,597,687
FINLAND — 0.51%
Nokia OYJ
5.38%, 05/15/19			75		77,580
6.75%, 02/04/19c		EUR	100		152,757
Stora Enso OYJ
5.00%, 03/19/18c		EUR	100		144,266
UPM-Kymmene OYJ
6.63%, 01/23/17		GBP	50		89,272
					463,875
FRANCE — 4.36%
Alcatel-Lucent
8.50%, 01/15/16c		EUR	50		74,192
Banque PSA Finance SA
4.00%, 06/24/15c		EUR	200		277,302
BPCE SA
12.50%, 12/31/49 (Call 09/30/19)a,d		USD	100		131,000
CMA CGM SA
8.75%, 12/15/18 (Call 12/15/15)c		EUR	100		131,821
Credit Agricole SA
6.64%, 12/31/49 (Call 05/31/17)a,b,d		USD	100		100,125
Faurecia SA
9.38%, 12/15/16c		EUR	100		159,556
Financiere Atalian SA
7.25%, 01/15/20 (Call 01/15/17)c		EUR	100		142,342
Groupama SA
7.88%, 10/27/39 (Call 10/27/19)d		EUR	50		70,833
Lafarge SA
5.38%, 06/26/17c		EUR	200		296,262
6.63%, 11/29/18c		EUR	100		154,757
6.75%, 12/16/19c		EUR	100		156,106
8.88%, 11/24/16c		EUR	100		158,792
10.00%, 05/30/17c		GBP	50		98,044
Medi-Partenaires SAS
7.00%, 05/15/20 (Call 05/15/16)c		EUR	100		139,069

20

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security		Principal (000s)		Value
Nexans SA
5.75%, 05/02/17	EUR		50	$	73,868
Peugeot SA
5.00%, 10/28/16	EUR		100		142,764
5.63%, 06/29/15	EUR		75		106,209
5.63%, 07/11/17	EUR		50		72,387
6.88%, 03/30/16c	EUR		50		73,496
7.38%, 03/06/18c	EUR		100		151,543
Renault SA
4.63%, 05/25/16c	EUR		100		143,628
4.63%, 09/18/17c	EUR		100		146,014
Rexel SA
5.13%, 06/15/20 (Call 06/15/16)c	EUR		100		140,755
6.13%, 12/15/19 (Call 12/15/15)a	USD		200		208,000
Societe Generale
5.92%, 12/31/49 (Call 04/05/17)a,b,d	USD		100		106,250
Tereos Finance Group I
4.25%, 03/04/20 (Call 03/04/19)	EUR		100		134,729
Wendel SA
4.38%, 08/09/17	EUR		150		213,924
4.88%, 05/26/16	EUR		100		142,865
					3,946,633
GERMANY — 3.73%
Commerzbank AG
7.75%, 03/16/21	EUR		200		307,472
8.13%, 09/19/23a	USD		200		220,000
Deutsche Lufthansa AG
6.50%, 07/07/16	EUR		100		151,811
Deutsche Raststaetten Gruppe IV GmbH
6.75%, 12/30/20 (Call 12/30/16)c	EUR		100		142,447
Franz Haniel & Cie GmbH
7.13%, 02/01/17	EUR		100		150,532
Hapag-Lloyd AG
9.00%, 10/15/15 (Call 03/14/14)c	EUR		79		111,838
Heidelberger Druckmaschinen AG
9.25%, 04/15/18 (Call 04/15/14)c	EUR		50		70,967
Hornbach Baumarkt AG
3.88%, 02/15/20c	EUR		50		70,634
Norddeutsche Landesbank Girozentrale
6.00%, 06/29/20	EUR		50		75,277
Orion Engineered Carbons Bondco GmbH
10.00%, 06/15/18 (Call 06/15/14)c	EUR		90		133,304
Styrolution Group GmbH
7.63%, 05/15/16 (Call 03/03/14)c	EUR		100		140,249
Techem Energy Metering Service GmbH & Co. KG
6.13%, 10/01/19 (Call 10/01/15)c	EUR		100		145,981
ThyssenKrupp AG
4.00%, 08/27/18	EUR		75		105,657
4.38%, 02/28/17	EUR		100		141,957
ThyssenKrupp Finance Nederland BV
8.50%, 02/25/16	EUR		150		227,026
Trionista TopCo GmbH
6.88%, 04/30/21 (Call 04/30/16)c	EUR		100		144,902
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
5.50%, 09/15/22 (Call 09/15/17)c	EUR		100		141,710
5.75%, 01/15/23 (Call 01/15/18)c	EUR		100		141,766
7.50%, 03/15/19 (Call 03/15/15)c	EUR		100		147,015
UPCB Finance Ltd.
7.63%, 01/15/20 (Call 01/15/15)c	EUR		100		145,082
UPCB Finance II Ltd.
6.38%, 07/01/20 (Call 07/01/15)c	EUR		100		143,396

Security		Principal (000s)		Value
UPCB Finance III Ltd.
6.63%, 07/01/20 (Call 07/01/15)a	USD		150	$	158,625
UPCB Finance V Ltd.
7.25%, 11/15/21 (Call 11/15/16)a	USD		150		162,000
					3,379,648
GREECE — 0.39%
OTE PLC
4.63%, 05/20/16	EUR		150		207,976
7.25%, 02/12/15c	EUR		100		140,999
					348,975
IRELAND — 1.48%
Ardagh Glass Finance PLC
7.13%, 06/15/17 (Call 06/15/14)c	EUR		50		68,945
Ardagh Packaging Finance PLC
7.38%, 10/15/17 (Call 10/15/14)c	EUR		150		215,241
9.13%, 10/15/20 (Call 10/15/15)a	USD		200		218,500
Governor & Co. of the Bank of Ireland (The)
2.75%, 06/05/16	EUR		100		136,696
3.25%, 01/15/19c	EUR		100		136,348
Nara Cable Funding Ltd.
8.88%, 12/01/18 (Call 03/03/14)a	USD		200		216,500
Rottapharm Ltd.
6.13%, 11/15/19 (Call 11/15/15)c	EUR		100		138,901
Smurfit Kappa Acquisitions
4.13%, 01/30/20c	EUR		100		138,758
7.75%, 11/15/19 (Call 11/15/14)c	EUR		50		72,484
					1,342,373
ITALY — 3.03%
Astaldi SpA
7.13%, 12/01/20 (Call 12/01/16)c	EUR		100		140,418
Banca Monte dei Paschi di Siena SpA
5.00%, 04/21/20c	EUR		100		125,635
Banca Popolare di Milano Scarl
7.13%, 03/01/21c	EUR		100		142,238
Banca Popolare di Vicenza
6.75%, 02/27/15c	EUR		100		140,296
Banco Popolare
3.75%, 01/28/16c	EUR		200		273,585
5.47%, 11/12/16c	EUR		50		69,282
6.00%, 11/05/20c	EUR		50		69,539
Buzzi Unicem SpA
5.13%, 12/09/16c	EUR		50		72,204
Enel SpA
1.00%, 01/15/75 (Call 01/15/20)c,d	EUR		100		132,804
6.50%, 01/10/74 (Call 01/10/19)c,d	EUR		100		142,555
8.75%, 09/24/73 (Call 09/24/23)a,d	USD		200		217,500
Fiat Finance North America Inc.
5.63%, 06/12/17	EUR		100		143,987
GTECH SpA
8.25%, 03/31/66 (Call 03/31/16)c,d	EUR		50		72,431
Intesa Sanpaolo SpA
6.63%, 09/13/23c	EUR		108		159,814
Italcementi Finance SA
6.63%, 03/19/20c,e	EUR		50		74,386
Manutencoop Facility Management SpA
8.50%, 08/01/20 (Call 08/01/16)c	EUR		100		142,900

21

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)			Value
Telecom Italia SpA
7.75%, 03/20/73 (Call 03/03/14)c,d		EUR	100	$	136,217
UniCredit SpA
3.95%, 02/01/16		EUR	150		205,331
6.70%, 06/05/18		EUR	50		74,551
Unipol Gruppo Finanziario SpA
5.00%, 01/11/17c		EUR	50		70,946
Veneto Banca SCPA
4.00%, 07/31/15c		EUR	100		136,075
					2,742,694
JAPAN — 0.37%
SoftBank Corp.
4.50%, 04/15/20a		USD	200		196,000
4.63%, 04/15/20c		EUR	100		138,816
					334,816
LUXEMBOURG — 7.23%
ArcelorMittal SA
4.25%, 08/05/15b		USD	150		154,439
5.75%, 08/05/20		USD	100		104,590
5.88%, 11/17/17c		EUR	200		297,760
6.00%, 03/01/21		USD	100		104,907
6.13%, 06/01/18		USD	300		326,831
6.75%, 02/25/22		USD	50		54,000
10.35%, 06/01/19		USD	150		187,600
Beverage Packaging Holdings Luxembourg II SA/Beverage Packaging Holdings II
5.63%, 12/15/16 (Call 12/15/15)a		USD	25		25,500
6.00%, 06/15/17 (Call 06/15/16)a,b		USD	50		51,125
CHC Helicopter SA
9.25%, 10/15/20 (Call 10/15/15)		USD	100		106,936
CNH Industrial Finance Europe SA
6.25%, 03/09/18c		EUR	200		303,774
ConvaTec Healthcare E SA
7.38%, 12/15/17 (Call 03/03/14)c		EUR	100		142,169
Elior Finance & Co. SCA
6.50%, 05/01/20 (Call 05/01/16)c		EUR	100		145,981
Fiat Finance & Trade SA
6.38%, 04/01/16c		EUR	250		357,815
6.63%, 03/15/18c		EUR	150		219,815
6.75%, 10/14/19c		EUR	100		146,637
7.75%, 10/17/16c		EUR	100		149,186
Finmeccanica Finance SA
4.50%, 01/19/21		EUR	100		134,922
FMC Finance VIII SA
5.25%, 07/31/19c		EUR	50		75,981
HeidelbergCement Finance Luxembourg SA
3.25%, 10/21/21c		EUR	150		198,591
8.50%, 10/31/19c		EUR	100		170,356
Ineos Group Holdings SA
6.50%, 08/15/18 (Call 05/15/15)c		EUR	100		138,065
7.88%, 02/15/16 (Call 03/03/14)c		EUR	34		45,448
Intelsat (Luxembourg) SA
6.75%, 06/01/18 (Call 06/01/15)a		USD	100		106,250
7.75%, 06/01/21 (Call 06/01/17)a		USD	100		107,375
8.13%, 06/01/23 (Call 06/01/18)a		USD	100		108,250
Intelsat Jackson Holdings SA
5.50%, 08/01/23 (Call 08/01/18)a		USD	145		137,750
6.63%, 12/15/22 (Call 12/15/17)		USD	100		103,000
6.63%, 12/15/22 (Call 12/15/17)a		USD	100		102,750
7.25%, 04/01/19 (Call 04/01/15)		USD	200		214,500

Security	Principal (000s)			Value
7.25%, 10/15/20 (Call 10/15/15)		USD	100	$	108,375
7.50%, 04/01/21 (Call 04/01/16)		USD	150		165,000
KION Finance SA
6.75%, 02/15/20 (Call 02/15/16)c		EUR	100		146,992
Millicom International Cellular SA
6.63%, 10/15/21 (Call 10/15/17)a		USD	200		203,000
Nielsen Co. Luxembourg Sarl (The)
5.50%, 10/01/21 (Call 10/01/16)a		USD	100		102,500
NII International Telecom SCA
7.88%, 08/15/19 (Call 02/15/17)a		USD	50		37,250
11.38%, 08/15/19 (Call 02/15/17)a		USD	100		82,500
Ontex IV SA
7.50%, 04/15/18 (Call 04/15/14)c		EUR	100		139,541
Pacific Drilling SA
5.38%, 06/01/20 (Call 06/01/16)a		USD	100		99,728
Spie BondCo 3 SCA
11.00%, 08/15/19 (Call 08/15/15)c		EUR	100		153,566
Telenet Finance V Luxembourg SCA
6.25%, 08/15/22 (Call 08/15/17)c		EUR	100		144,976
Trinseo Materials Operating SCA/Trinseo Materials Finance Inc.
8.75%, 02/01/19 (Call 08/01/15)a		USD	75		76,687
Wind Acquisition Holdings Finance SA
7.25%, 02/15/18 (Call 03/03/14)a		USD	200		210,000
7.38%, 02/15/18 (Call 03/03/14)c		EUR	100		141,720
11.75%, 07/15/17 (Call 03/03/14)c		EUR	150		212,830
					6,546,968
MEXICO — 0.10%
NII Capital Corp.
7.63%, 04/01/21 (Call 04/01/16)		USD	100		41,750
8.88%, 12/15/19 (Call 12/15/14)b		USD	50		23,000
10.00%, 08/15/16 (Call 03/03/14)b		USD	40		24,800
					89,550
NETHERLANDS — 3.62%
EDP Finance BV
3.25%, 03/16/15c		EUR	100		137,071
3.75%, 06/22/15		EUR	100		137,925
4.13%, 01/20/21c		EUR	100		136,372
4.75%, 09/26/16c		EUR	100		142,603
4.90%, 10/01/19a		USD	150		153,750
5.75%, 09/21/17c		EUR	150		222,339
Fresenius Finance BV
4.25%, 04/15/19c		EUR	100		146,483
GMAC International Finance BV
7.50%, 04/21/15c		EUR	50		71,865
HeidelbergCement Finance BV
8.00%, 01/31/17c		EUR	200		312,570
Nokia Siemens Networks Finance BV
6.75%, 04/15/18 (Call 04/15/15)c		EUR	100		144,192
NXP BV/NXP Funding LLC
3.75%, 06/01/18a		USD	200		200,000
OI European Group BV
6.75%, 09/15/20c		EUR	100		156,190
Phoenix PIB Dutch Finance BV
3.13%, 05/27/20c		EUR	100		130,358
Portugal Telecom International Finance BV
4.38%, 03/24/17		EUR	50		70,665
4.63%, 05/08/20c		EUR	100		136,855
5.00%, 11/04/19c		EUR	100		140,927

22

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)			Value
Schaeffler Finance BV
4.75%, 05/15/21 (Call 05/15/16)a		USD	200	$	199,000
7.75%, 02/15/17c		EUR	100		154,611
Sensata Technologies BV
4.88%, 10/15/23a		USD	25		23,688
6.50%, 05/15/19 (Call 05/15/15)a		USD	100		107,220
UPC Holding BV
6.75%, 03/15/23 (Call 03/15/18)c		EUR	100		138,901
8.38%, 08/15/20 (Call 08/15/15)c		EUR	50		74,002
Ziggo Bond Co. BV
8.00%, 05/15/18 (Call 05/15/14)c		EUR	100		143,143
					3,280,730
NORWAY — 0.04%
Norske Skogindustrier ASA
7.00%, 06/26/17c		EUR	50		37,945
					37,945
PORTUGAL — 0.38%
Banco Espirito Santo SA
5.88%, 11/09/15c		EUR	100		141,317
7.13%, 11/28/23 (Call 11/28/18)c,d		EUR	100		134,990
Brisa Concessao Rodoviaria SA
4.50%, 12/05/16		EUR	50		71,399
					347,706
SINGAPORE — 0.22%
Flextronics International Ltd.
4.63%, 02/15/20		USD	200		195,691
					195,691
SPAIN — 1.77%
Abengoa SA
8.50%, 03/31/16		EUR	50		72,653
9.63%, 02/25/15c		EUR	50		71,389
Banco de Sabadell SA
6.25%, 04/26/20		EUR	50		71,423
Bankia SA
4.38%, 02/14/17		EUR	100		141,274
Bankinter SA
6.38%, 09/11/19		EUR	100		146,884
BBVA International Preferred SAU
5.92%, 12/31/49 (Call 04/18/17)d		USD	50		48,311
BPE Financiaciones SA
2.88%, 05/19/16		EUR	100		136,688
4.00%, 07/17/15c		EUR	100		138,677
CaixaBank SA
5.00%, 11/14/23 (Call 11/14/18)c,d		EUR	100		138,425
Cirsa Funding Luxembourg SA
8.75%, 05/15/18 (Call 05/15/14)c		EUR	50		68,412
Inaer Aviation Finance Ltd.
9.50%, 08/01/17 (Call 08/01/14)c		EUR	50		70,862
Mapfre SA
5.13%, 11/16/15		EUR	100		143,372
5.92%, 07/24/37 (Call 07/24/17)d		EUR	50		68,270
Nara Cable Funding Ltd.
8.88%, 12/01/18 (Call 03/03/14)c		EUR	100		146,149

Security	Principal (000s)			Value
Obrascon Huarte Lain SA
7.38%, 04/28/15		EUR	100	$	142,820
					1,605,609
SWEDEN — 0.16%
Verisure Holding AB
8.75%, 09/01/18 (Call 09/01/14)c		EUR	100		146,489
					146,489
SWITZERLAND — 0.16%
Sunrise Communications Holdings SA
8.50%, 12/31/18 (Call 12/31/14)c		EUR	100		145,756
					145,756
UNITED KINGDOM — 4.47%
Algeco Scotsman Global Finance PLC
8.50%, 10/15/18 (Call 10/15/15)a,b		USD	200		217,000
9.00%, 10/15/18 (Call 10/15/15)c		EUR	100		146,992
Arqiva Broadcast Finance PLC
9.50%, 03/31/20 (Call 03/31/16)c		GBP	100		182,834
Boparan Finance PLC
9.75%, 04/30/18 (Call 04/30/14)c		EUR	100		145,793
British Airways PLC
8.75%, 08/23/16		GBP	50		93,385
CEVA Group PLC
8.38%, 12/01/17 (Call 03/03/14)a		USD	75		78,187
Co-Operative Bank PLC
5.13%, 09/20/17		GBP	50		82,378
EC Finance PLC
9.75%, 08/01/17 (Call 08/01/14)c		EUR	100		145,138
Eco-Bat Finance PLC
7.75%, 02/15/17 (Call 03/03/14)c		EUR	100		139,491
HBOS PLC
6.75%, 05/21/18a		USD	100		113,417
Ineos Finance PLC
7.50%, 05/01/20 (Call 05/01/15)a		USD	200		218,500
Infinis PLC
7.00%, 02/15/19 (Call 02/15/16)a		GBP	100		176,876
Jaguar Land Rover Automotive PLC
8.13%, 05/15/21 (Call 05/15/16)a		USD	150		170,361
8.25%, 03/15/20 (Call 03/15/16)c		GBP	100		186,558
Kerling PLC
10.63%, 02/01/17 (Call 03/14/14)c		EUR	50		71,622
Odeon & UCI Finco PLC
9.00%, 08/01/18 (Call 08/01/14)a		GBP	100		163,591
Phones4u Finance PLC
9.50%, 04/01/18 (Call 04/01/14)a		GBP	100		170,919
Priory Group No. 3 PLC
7.00%, 02/15/18 (Call 03/03/14)a		GBP	100		172,562
Rexam PLC
6.75%, 06/29/67 (Call 06/29/17)c,d		EUR	50		71,840
Royal Bank of Scotland Group PLC
4.63%, 09/22/21 (Call 09/22/16)d		EUR	100		136,129
6.00%, 12/19/23		USD	150		151,687
6.10%, 06/10/23		USD	75		76,605
6.13%, 12/15/22		USD	150		154,895
Thomas Cook Finance PLC
7.75%, 06/15/20 (Call 06/15/16)c		EUR	100		145,896
Virgin Media Finance PLC
8.38%, 10/15/19 (Call 10/15/14)		USD	100		108,208

23

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)			Value
Virgin Media Secured Finance PLC
5.38%, 04/15/21 (Call 04/15/17)a		USD	200	$	200,500
5.50%, 01/15/21		GBP	100		164,345
6.00%, 04/15/21 (Call 04/15/17)c		GBP	100		168,002
					4,053,711
UNITED STATES — 61.07%
Access Midstream Partners LP/ACMP Finance Corp.
4.88%, 05/15/23 (Call 12/15/17)		USD	100		98,000
6.13%, 07/15/22 (Call 01/15/17)		USD	50		53,105
Activision Blizzard Inc.
5.63%, 09/15/21 (Call 09/15/16)a		USD	125		129,167
6.13%, 09/15/23 (Call 09/15/18)a		USD	100		104,227
ADT Corp. (The)
2.25%, 07/15/17		USD	100		98,313
3.50%, 07/15/22		USD	75		64,599
4.13%, 06/15/23		USD	50		43,981
6.25%, 10/15/21a,b		USD	100		103,405
Advanced Micro Devices Inc.
7.50%, 08/15/22		USD	50		48,072
8.13%, 12/15/17 (Call 03/03/14)b		USD	100		104,522
AES Corp. (The)
7.38%, 07/01/21 (Call 06/01/21)		USD	100		110,742
8.00%, 10/15/17b		USD	250		291,222
Affinion Group Inc.
7.88%, 12/15/18 (Call 12/15/14)		USD	50		44,470
Aircastle Ltd.
6.25%, 12/01/19		USD	50		53,688
6.75%, 04/15/17		USD	100		111,745
AK Steel Corp.
7.63%, 05/15/20 (Call 05/15/15)b		USD	40		39,500
Alcatel-Lucent USA Inc.
6.75%, 11/15/20 (Call 11/15/16)a		USD	200		205,000
Alere Inc.
7.25%, 07/01/18 (Call 12/15/15)		USD	50		54,750
8.63%, 10/01/18 (Call 10/01/14)		USD	50		53,813
Aleris International Inc.
7.88%, 11/01/20 (Call 11/01/15)		USD	50		52,750
Ally Financial Inc.
3.13%, 01/15/16b		USD	100		101,965
3.50%, 07/18/16		USD	150		153,937
3.50%, 01/27/19		USD	100		98,625
4.63%, 06/26/15		USD	100		103,678
4.75%, 09/10/18		USD	100		104,375
5.50%, 02/15/17		USD	100		108,131
6.25%, 12/01/17		USD	100		110,708
8.00%, 03/15/20		USD	250		298,750
8.30%, 02/12/15		USD	200		212,739
Alpha Natural Resources Inc.
6.00%, 06/01/19 (Call 06/01/14)		USD	100		82,625
9.75%, 04/15/18b		USD	50		52,618
AMC Entertainment Inc.
9.75%, 12/01/20 (Call 12/01/15)b		USD	100		114,699
AMC Networks Inc.
4.75%, 12/15/22 (Call 12/15/17)		USD	100		97,262
American Axle & Manufacturing Inc.
6.25%, 03/15/21 (Call 03/15/16)		USD	50		53,063
6.63%, 10/15/22 (Call 10/15/17)b		USD	50		53,000
AmeriGas Finance LLC/AmeriGas Finance Corp.
6.75%, 05/20/20 (Call 05/20/16)b		USD	100		109,061
7.00%, 05/20/22 (Call 05/20/17)b		USD	100		108,418

Security	Principal (000s)			Value
Amkor Technology Inc.
6.38%, 10/01/22 (Call 10/01/16)		USD	50	$	51,153
6.63%, 06/01/21 (Call 06/01/15)b		USD	50		52,205
Antero Resources Finance Corp.
5.38%, 11/01/21 (Call 11/01/16)a		USD	100		100,932
6.00%, 12/01/20 (Call 12/01/15)		USD	50		52,625
7.25%, 08/01/19 (Call 08/01/14)		USD	33		35,393
APX Group Inc.
6.38%, 12/01/19 (Call 12/01/15)		USD	50		50,063
8.75%, 12/01/20 (Call 12/01/15)		USD	50		50,875
8.75%, 12/01/20 (Call 12/01/15)a		USD	50		50,750
ARAMARK Corp.
5.75%, 03/15/20 (Call 03/15/15)a		USD	100		103,625
Arch Coal Inc.
7.00%, 06/15/19 (Call 06/15/15)b		USD	150		116,210
7.25%, 06/15/21 (Call 06/15/16)		USD	50		37,750
Ashland Inc.
3.88%, 04/15/18 (Call 03/15/18)		USD	100		101,707
4.75%, 08/15/22 (Call 05/15/22)		USD	50		47,899
Atlas Pipeline Partners LP/Atlas Pipeline Finance Corp.
4.75%, 11/15/21 (Call 05/15/16)		USD	50		46,028
6.63%, 10/01/20 (Call 10/01/16)		USD	100		104,498
Audatex North America Inc.
6.00%, 06/15/21 (Call 06/15/17)a		USD	125		130,312
Avaya Inc.
7.00%, 04/01/19 (Call 04/01/15)a		USD	100		98,500
10.50%, 03/01/21 (Call 03/01/17)a,b		USD	100		92,250
Aviation Capital Group Corp.
3.88%, 09/27/16a		USD	75		77,344
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
8.25%, 01/15/19 (Call 10/15/14)		USD	100		107,657
Axiall Corp.
4.88%, 05/15/23 (Call 05/15/18)a		USD	50		47,750
B/E Aerospace Inc.
5.25%, 04/01/22 (Call 04/01/17)		USD	150		151,125
6.88%, 10/01/20 (Call 10/01/15)		USD	100		109,000
Ball Corp.
4.00%, 11/15/23		USD	100		91,385
5.75%, 05/15/21 (Call 11/15/15)		USD	100		104,750
Belden Inc.
5.50%, 04/15/23 (Call 04/15/18)c		EUR	100		132,720
Berry Petroleum Co. LLC
6.38%, 09/15/22 (Call 03/15/17)		USD	100		101,754
Berry Plastics Corp.
9.50%, 05/15/18 (Call 05/15/14)		USD	100		106,537
Biomet Inc.
6.50%, 08/01/20 (Call 08/01/15)		USD	125		133,437
6.50%, 10/01/20 (Call 10/01/15)		USD	50		51,875
BMC Software Inc.
8.13%, 07/15/21 (Call 07/15/16)a		USD	100		103,500
Boyd Gaming Corp.
9.13%, 12/01/18 (Call 12/01/14)		USD	25		27,041
BreitBurn Energy Partners LP/BreitBurn Finance Corp.
7.88%, 04/15/22 (Call 01/15/17)		USD	50		53,140
Building Materials Corp. of America
6.75%, 05/01/21 (Call 05/01/16)a		USD	100		107,750
Cablevision Systems Corp.
7.75%, 04/15/18b		USD	150		168,000
8.00%, 04/15/20		USD	75		84,187
Caesars Entertainment Operating Co. Inc.
8.50%, 02/15/20 (Call 02/15/16)		USD	75		70,875
9.00%, 02/15/20 (Call 02/15/16)		USD	200		194,000
9.00%, 02/15/20 (Call 02/15/16)b		USD	100		97,000
10.00%, 12/15/18 (Call 03/03/14)		USD	300		151,125

24

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)			Value
10.75%, 02/01/16 (Call 03/03/14)		USD	75	$	59,250
11.25%, 06/01/17 (Call 03/03/14)		USD	150		152,250
12.75%, 04/15/18 (Call 04/15/14)		USD	50		29,250
Caesars Entertainment Resort Properties LLC/Caesars Entertainment Resort Properties Finance Inc.
8.00%, 10/01/20 (Call 10/01/16)a		USD	100		104,000
11.00%, 10/01/21 (Call 10/01/16)a,b		USD	75		77,576
Calpine Corp.
5.88%, 01/15/24 (Call 11/01/18)a		USD	25		24,781
6.00%, 01/15/22 (Call 11/01/16)a		USD	25		25,772
7.50%, 02/15/21 (Call 11/01/15)a		USD	280		305,200
7.88%, 07/31/20 (Call 07/31/15)a		USD	89		97,299
7.88%, 01/15/23 (Call 01/15/17)a		USD	100		109,728
Case New Holland Inc.
7.88%, 12/01/17		USD	100		116,875
CBRE Services Inc.
5.00%, 03/15/23 (Call 03/15/18)		USD	50		47,815
CCO Holdings LLC/CCO Holdings Capital Corp.
5.13%, 02/15/23 (Call 02/15/18)		USD	100		95,000
5.25%, 09/30/22 (Call 09/30/17)		USD	100		95,875
5.75%, 09/01/23 (Call 03/01/18)a		USD	75		72,937
5.75%, 01/15/24 (Call 07/15/18)		USD	50		48,625
6.50%, 04/30/21 (Call 04/30/15)		USD	150		156,375
6.63%, 01/31/22 (Call 01/31/17)		USD	100		104,250
7.00%, 01/15/19 (Call 03/03/14)b		USD	100		105,625
7.38%, 06/01/20 (Call 12/01/15)		USD	150		162,375
CDW LLC/CDW Finance Corp.
8.50%, 04/01/19 (Call 04/01/15)		USD	100		110,125
Celanese U.S. Holdings LLC
4.63%, 11/15/22		USD	100		96,806
6.63%, 10/15/18 (Call 10/15/14)		USD	100		106,081
CenturyLink Inc. Series V
5.63%, 04/01/20		USD	100		101,000
5.80%, 03/15/22		USD	100		98,750
6.00%, 04/01/17		USD	100		109,750
6.45%, 06/15/21		USD	150		156,000
Series W
6.75%, 12/01/23		USD	50		50,875
Cequel Communications Holdings I LLC/Cequel Capital Corp.
5.13%, 12/15/21 (Call 06/15/16)a		USD	125		117,187
6.38%, 09/15/20 (Call 09/15/15)a		USD	100		102,000
Ceridian Corp.
11.25%, 11/15/15 (Call 03/03/14)		USD	100		100,590
Ceridian HCM Holding Inc.
11.00%, 03/15/21 (Call 03/15/16)a		USD	50		56,762
Chaparral Energy Inc.
7.63%, 11/15/22 (Call 05/15/17)b		USD	100		107,628
Chesapeake Energy Corp.
3.25%, 03/15/16 (Call 03/15/14)		USD	50		50,334
5.38%, 06/15/21 (Call 06/15/16)		USD	50		51,617
5.75%, 03/15/23b		USD	100		104,457
6.13%, 02/15/21		USD	100		107,655
6.25%, 01/15/17		EUR	50		73,636
6.63%, 08/15/20b		USD	200		221,102
Chesapeake Oilfield Operating LLC/Chesapeake Oilfield Finance Inc.
6.63%, 11/15/19 (Call 11/15/15)		USD	50		52,263
Chrysler Group LLC/CG Co-Issuer Inc.
8.00%, 06/15/19 (Call 06/15/15)		USD	200		217,699
CHS/Community Health Systems Inc.
5.13%, 08/15/18 (Call 08/15/15)		USD	150		158,062
7.13%, 07/15/20 (Call 07/15/16)		USD	100		106,875
8.00%, 11/15/19 (Call 11/15/15)		USD	100		109,750

Security	Principal (000s)			Value
Cincinnati Bell Inc.
8.38%, 10/15/20 (Call 10/15/15)b		USD	81	$	87,480
Cinemark USA Inc.
5.13%, 12/15/22 (Call 12/15/17)		USD	50		48,745
CIT Group Inc.
4.25%, 08/15/17		USD	150		155,906
4.75%, 02/15/15a		USD	100		103,300
5.00%, 05/15/17		USD	100		106,750
5.00%, 08/15/22		USD	100		99,875
5.25%, 03/15/18		USD	150		159,847
5.38%, 05/15/20		USD	75		79,292
5.50%, 02/15/19a		USD	150		159,919
6.63%, 04/01/18a		USD	100		111,650
Claire’s Stores Inc.
9.00%, 03/15/19 (Call 03/15/15)a		USD	100		104,500
Clean Harbors Inc.
5.13%, 06/01/21 (Call 12/01/16)b		USD	100		100,000
5.25%, 08/01/20 (Call 08/01/16)		USD	100		102,125
Clear Channel Communications Inc.
9.00%, 12/15/19 (Call 07/15/15)		USD	125		127,187
9.00%, 03/01/21 (Call 03/01/16)		USD	150		151,687
11.25%, 03/01/21 (Call 03/01/16)		USD	75		81,375
14.00%, 02/01/21 (Call 08/01/15)a		USD	55		51,150
Clear Channel Worldwide Holdings Inc.
6.50%, 11/15/22 (Call 11/15/17)		USD	200		205,250
Series B
7.63%, 03/15/20 (Call 03/15/15)b		USD	125		131,875
CNH Capital LLC
3.63%, 04/15/18		USD	100		101,250
3.88%, 11/01/15		USD	100		102,750
Commercial Metals Co.
7.35%, 08/15/18		USD	100		113,649
CommScope Inc.
8.25%, 01/15/19 (Call 01/15/15)a		USD	73		79,114
Concho Resources Inc.
5.50%, 10/01/22 (Call 10/01/17)		USD	100		101,622
5.50%, 04/01/23 (Call 10/01/17)		USD	100		101,011
6.50%, 01/15/22 (Call 01/15/17)		USD	100		107,411
CONSOL Energy Inc.
8.00%, 04/01/17 (Call 04/01/14)		USD	150		156,972
8.25%, 04/01/20 (Call 04/01/15)b		USD	200		216,457
Constellation Brands Inc.
6.00%, 05/01/22		USD	150		162,825
7.25%, 05/15/17		USD	100		115,250
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
6.13%, 03/01/22 (Call 11/01/16)a		USD	75		76,395
Cricket Communications Inc.
7.75%, 10/15/20 (Call 10/15/15)		USD	100		113,375
Crown Americas LLC/Capital Corp. IV
4.50%, 01/15/23		USD	100		94,250
Crown Castle International Corp.
5.25%, 01/15/23		USD	100		99,000
CSC Holdings LLC
6.75%, 11/15/21b		USD	100		109,000
Dana Holding Corp.
5.38%, 09/15/21 (Call 09/15/16)b		USD	100		100,604
DaVita HealthCare Partners Inc.
5.75%, 08/15/22 (Call 08/15/17)		USD	50		51,313
6.38%, 11/01/18 (Call 03/03/14)		USD	100		105,125
6.63%, 11/01/20 (Call 11/01/14)		USD	100		107,625
DCP Midstream LLC
5.85%, 05/21/43 (Call 05/21/23)a,d		USD	100		93,360

25

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)			Value
Del Monte Corp.
7.63%, 02/15/19 (Call 03/03/14)		USD	100	$	104,000
Dell Inc.
5.88%, 06/15/19b		USD	150		153,346
Denali Borrower LLC/Denali Finance Corp.
5.63%, 10/15/20 (Call 10/15/16)a		USD	125		124,378
Denbury Resources Inc.
4.63%, 07/15/23 (Call 01/15/18)		USD	100		92,344
8.25%, 02/15/20 (Call 02/15/15)		USD	100		109,319
DISH DBS Corp.
4.25%, 04/01/18		USD	100		102,065
4.63%, 07/15/17b		USD	100		104,670
5.00%, 03/15/23		USD	175		164,500
5.13%, 05/01/20		USD	100		100,074
5.88%, 07/15/22		USD	150		150,319
6.75%, 06/01/21		USD	150		160,125
7.13%, 02/01/16			100		109,932
7.75%, 05/31/15		USD	150		162,147
7.88%, 09/01/19b		USD	150		171,001
DJO Finance LLC/DJO Finance Corp.
9.88%, 04/15/18 (Call 04/15/15)		USD	50		54,500
DPL Inc.
6.50%, 10/15/16 (Call 09/15/16)		USD	50		53,621
7.25%, 10/15/21 (Call 07/15/21)b		USD	100		99,504
DR Horton Inc.
3.63%, 02/15/18 (Call 11/15/17)		USD	100		101,250
E*TRADE Financial Corp.
6.00%, 11/15/17 (Call 11/15/14)		USD	100		105,622
Eagle Spinco Inc.
4.63%, 02/15/21 (Call 02/15/18)a		USD	100		97,625
El Paso LLC
7.00%, 06/15/17		USD	100		113,174
Endo Health Solutions Inc.
7.00%, 07/15/19 (Call 07/15/15)		USD	100		106,750
Energy Future Intermediate Holding Co. LLC/EFIH Finance Inc.
6.88%, 08/15/17 (Call 02/15/15)a		USD	100		102,774
10.00%, 12/01/20 (Call 12/01/15)a		USD	250		264,375
12.25%, 03/01/22 (Call 03/01/17)a,b		USD	150		173,625
Energy Transfer Equity LP
5.88%, 01/15/24		USD	50		49,875
7.50%, 10/15/20		USD	100		112,500
Energy XXI Gulf Coast Inc.
7.50%, 12/15/21 (Call 12/15/16)a		USD	55		56,970
9.25%, 12/15/17 (Call 12/15/14)b		USD	100		109,688
EP Energy LLC/EP Energy Finance Inc. Series WI
9.38%, 05/01/20 (Call 05/01/16)		USD	100		115,489
EP Energy LLC/Everest Acquisition Finance Inc. Series WI
6.88%, 05/01/19 (Call 05/01/15)		USD	100		107,352
Equinix Inc.
4.88%, 04/01/20 (Call 04/01/17)		USD	25		25,157
5.38%, 04/01/23 (Call 04/01/18)		USD	100		98,448
7.00%, 07/15/21 (Call 07/15/16)		USD	100		109,595
Felcor Lodging LP
5.63%, 03/01/23 (Call 03/01/18)		USD	50		48,750
Fifth Third Bancorp
5.10%, 12/31/49 (Call 06/30/23)d		USD	100		89,250
First Data Corp.
6.75%, 11/01/20 (Call 11/01/15)a		USD	150		157,786
7.38%, 06/15/19 (Call 06/15/15)a		USD	150		159,562
8.25%, 01/15/21 (Call 01/15/16)a,b		USD	250		265,171
8.88%, 08/15/20 (Call 08/15/15)a		USD	150		165,227

Security	Principal (000s)			Value
10.63%, 06/15/21 (Call 04/15/16)a		USD	50	$	54,366
11.25%, 01/15/21 (Call 01/15/16)a,b		USD	50		55,000
11.75%, 08/15/21 (Call 05/15/16)a		USD	125		127,969
12.63%, 01/15/21 (Call 01/15/16)		USD	300		349,417
FirstEnergy Corp. Series B
4.25%, 03/15/23 (Call 12/15/22)		USD	50		48,406
Forest Laboratories Inc.
4.38%, 02/01/19a		USD	50		50,188
5.00%, 12/15/21a		USD	75		74,625
Freescale Semiconductor Inc.
8.05%, 02/01/20 (Call 06/01/15)b		USD	100		108,361
10.75%, 08/01/20 (Call 08/01/15)		USD	50		57,238
Fresenius Medical Care US Finance Inc.
5.75%, 02/15/21a		USD	100		106,250
Fresenius Medical Care US Finance II Inc.
5.63%, 07/31/19a		USD	200		212,750
Frontier Communications Corp.
7.13%, 01/15/23		USD	100		98,750
7.63%, 04/15/24b		USD	100		99,000
8.25%, 04/15/17b		USD	200		231,250
8.50%, 04/15/20b		USD	100		112,000
8.75%, 04/15/22		USD	50		54,500
FWCT-2 Escrow Corp./Community Health Systems Inc.
5.13%, 08/01/21 (Call 02/01/17)a		USD	75		75,375
6.88%, 02/01/22 (Call 02/01/18)a		USD	225		230,906
Gannett Co. Inc.
5.13%, 10/15/19 (Call 10/15/16)a		USD	100		103,391
6.38%, 10/15/23 (Call 10/15/18)a		USD	100		102,567
General Motors Co.
3.50%, 10/02/18a		USD	75		76,536
General Motors Financial Co. Inc.
3.25%, 05/15/18a		USD	100		100,319
4.25%, 05/15/23a		USD	205		197,285
4.75%, 08/15/17a		USD	100		105,903
GenOn Energy Inc.
9.50%, 10/15/18b		USD	100		107,314
9.88%, 10/15/20 (Call 10/15/15)		USD	100		105,128
GLP Capital LP/GLP Financing II Inc.
4.88%, 11/01/20 (Call 08/01/20)a		USD	25		25,250
5.38%, 11/01/23 (Call 08/01/23)a		USD	100		98,750
Goodyear Tire & Rubber Co. (The)
6.50%, 03/01/21 (Call 03/01/16)		USD	100		106,250
8.25%, 08/15/20 (Call 08/15/15)b		USD	100		111,250
Grifols Inc.
8.25%, 02/01/18 (Call 03/03/14)		USD	100		106,750
Halcon Resources Corp.
8.88%, 05/15/21 (Call 11/15/16)b		USD	125		124,858
9.25%, 02/15/22 (Call 08/15/17)a		USD	100		100,354
9.75%, 07/15/20 (Call 07/15/16)		USD	50		51,507
Hanesbrands Inc.
6.38%, 12/15/20 (Call 12/15/15)		USD	100		109,375
Harbinger Group Inc.
7.88%, 07/15/19		USD	50		53,500
Hawk Acquisition Sub Inc.
4.25%, 10/15/20 (Call 04/15/15)a		USD	300		294,000
HCA Holdings Inc.
4.75%, 05/01/23		USD	100		97,500
5.88%, 03/15/22		USD	100		105,250
5.88%, 05/01/23		USD	100		101,625
6.25%, 02/15/21		USD	75		79,500
6.50%, 02/15/16		USD	100		108,750
6.50%, 02/15/20		USD	400		441,000

26

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)			Value
7.25%, 09/15/20 (Call 03/15/15)		USD	100	$	108,625
7.50%, 02/15/22		USD	100		112,875
7.75%, 05/15/21 (Call 11/15/15)		USD	100		109,750
7.88%, 02/15/20 (Call 08/15/14)b		USD	100		106,875
8.50%, 04/15/19 (Call 04/15/14)		USD	150		158,250
HD Supply Inc.
7.50%, 07/15/20 (Call 10/15/16)b		USD	200		214,000
11.00%, 04/15/20 (Call 04/15/16)		USD	100		118,250
11.50%, 07/15/20 (Call 10/15/16)		USD	50		59,312
Hercules Offshore Inc.
8.75%, 07/15/21 (Call 07/15/17)a		USD	50		55,043
Hertz Corp. (The)
5.88%, 10/15/20 (Call 10/15/15)		USD	100		103,447
6.25%, 10/15/22 (Call 10/15/17)b		USD	100		102,922
6.75%, 04/15/19 (Call 04/15/15)		USD	150		159,584
Hexion U.S. Finance Corp.
6.63%, 04/15/20 (Call 04/15/15)		USD	125		129,688
Hexion U.S. Finance Corp./Hexion Nova Scotia Finance ULC
9.00%, 11/15/20 (Call 11/15/15)b		USD	100		100,125
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.
5.63%, 10/15/21 (Call 10/15/16)a,b		USD	100		103,375
Hologic Inc.
6.25%, 08/01/20 (Call 08/01/15)		USD	100		104,750
Hughes Satellite Systems Corp.
7.63%, 06/15/21		USD	100		113,000
Huntington Ingalls Industries Inc.
7.13%, 03/15/21 (Call 03/15/16)		USD	50		55,196
Huntsman International LLC
8.63%, 03/15/21 (Call 09/15/15)		USD	100		112,500
IAC/InterActiveCorp
4.75%, 12/15/22 (Call 12/15/17)		USD	50		47,250
4.88%, 11/30/18 (Call 11/30/14)a		USD	25		25,563
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
5.88%, 02/01/22 (Call 08/01/17)a		USD	45		44,606
6.00%, 08/01/20 (Call 02/01/17)		USD	50		51,750
IMS Health Inc.
6.00%, 11/01/20 (Call 11/01/15)a		USD	150		159,000
Infor US Inc.
9.38%, 04/01/19 (Call 04/01/15)		USD	100		112,250
ING U.S. Inc.
5.65%, 05/15/53 (Call 05/15/23)d		USD	50		47,750
International Lease Finance Corp.
3.88%, 04/15/18		USD	100		100,500
4.88%, 04/01/15		USD	100		103,412
5.75%, 05/15/16		USD	100		107,017
5.88%, 04/01/19		USD	150		160,653
5.88%, 08/15/22		USD	100		101,000
8.25%, 12/15/20		USD	200		235,363
8.63%, 09/15/15		USD	100		110,202
8.75%, 03/15/17		USD	200		232,727
inVentiv Health Inc.
9.00%, 01/15/18 (Call 01/15/16)a		USD	75		78,750
11.00%, 08/15/18 (Call 08/15/14)a		USD	25		22,750
Iron Mountain Inc.
5.75%, 08/15/24 (Call 08/15/17)		USD	75		70,125
6.00%, 08/15/23 (Call 08/15/18)		USD	100		102,689
7.75%, 10/01/19 (Call 10/01/15)		USD	100		110,830
Jaguar Holding Co.
9.50%, 12/01/19 (Call 12/01/14)a,b		USD	100		112,500
Jarden Corp.
7.50%, 05/01/17		USD	50		57,500
JC Penney Corp. Inc.
5.65%, 06/01/20		USD	75		53,438

Security	Principal (000s)			Value
Kinder Morgan Finance Co. LLC
6.00%, 01/15/18a		USD	100	$	108,752
Kinder Morgan Inc.
5.00%, 02/15/21 (Call 01/15/21)a		USD	100		99,000
5.63%, 11/15/23 (Call 08/15/23)a		USD	100		98,250
Kinetic Concepts Inc./KCI USA Inc.
10.50%, 11/01/18 (Call 11/01/15)b		USD	150		173,062
12.50%, 11/01/19 (Call 11/01/15)b		USD	50		56,562
L Brands Inc.
5.63%, 02/15/22		USD	100		101,750
6.63%, 04/01/21		USD	100		109,250
6.90%, 07/15/17		USD	100		115,250
7.00%, 05/01/20		USD	100		112,750
Lamar Media Corp.
5.00%, 05/01/23 (Call 05/01/18)		USD	50		48,426
5.38%, 01/15/24 (Call 01/15/19)a		USD	25		25,254
Laredo Petroleum Inc.
9.50%, 02/15/19 (Call 02/15/15)		USD	100		111,338
Laureate Education Inc.
9.25%, 09/01/19 (Call 09/01/15)a		USD	100		107,250
Lear Corp.
4.75%, 01/15/23 (Call 01/15/18)a		USD	25		23,673
Lennar Corp.
4.75%, 12/15/17 (Call 09/15/17)		USD	100		104,500
Level 3 Financing Inc.
6.13%, 01/15/21 (Call 11/15/16)a		USD	100		102,000
8.13%, 07/01/19 (Call 07/01/15)		USD	200		219,500
8.63%, 07/15/20 (Call 01/15/16)		USD	100		111,750
Levi Strauss & Co.
6.88%, 05/01/22 (Call 05/01/17)		USD	200		218,000
LifePoint Hospitals Inc.
5.50%, 12/01/21 (Call 12/01/16)a		USD	25		25,500
Linn Energy LLC/Linn Energy Finance Corp.
7.00%, 11/01/19 (Call 11/01/15)a		USD	200		202,970
7.75%, 02/01/21 (Call 09/15/15)		USD	100		105,701
8.63%, 04/15/20 (Call 04/15/15)		USD	100		107,902
Manitowoc Co. Inc. (The)
8.50%, 11/01/20 (Call 11/01/15)		USD	50		56,438
MarkWest Energy Partners LP/MarkWest Energy Finance Corp.
4.50%, 07/15/23 (Call 04/15/23)		USD	100		93,879
6.75%, 11/01/20 (Call 11/01/15)		USD	150		162,167
Masco Corp.
6.13%, 10/03/16b		USD	150		165,562
McClatchy Co. (The)
9.00%, 12/15/22 (Call 12/15/17)		USD	100		111,000
MetroPCS Wireless Inc.
6.25%, 04/01/21 (Call 04/01/17)a		USD	100		103,750
6.63%, 11/15/20 (Call 11/15/15)		USD	100		105,750
6.63%, 04/01/23 (Call 04/01/18)a,b		USD	200		207,000
7.88%, 09/01/18 (Call 09/01/14)		USD	100		106,875
MGM Resorts International
5.25%, 03/31/20		USD	100		100,250
6.63%, 12/15/21b		USD	175		186,696
6.75%, 10/01/20		USD	100		108,641
7.50%, 06/01/16		USD	100		111,750
7.63%, 01/15/17		USD	100		113,473
8.63%, 02/01/19b		USD	150		176,430
Midstates Petroleum Co. Inc./Midstates Petroleum Co. LLC
9.25%, 06/01/21 (Call 06/01/16)		USD	50		52,000
10.75%, 10/01/20 (Call 10/01/16)		USD	50		54,289
Mohegan Tribal Gaming Authority
9.75%, 09/01/21 (Call 09/01/16)a		USD	50		54,739

27

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)			Value
Momentive Performance Materials Inc.
8.88%, 10/15/20 (Call 10/15/15)		USD	50	$	53,500
9.00%, 01/15/21 (Call 01/15/16)b		USD	75		67,875
Nationstar Mortgage LLC/Nationstar Capital Corp.
6.50%, 07/01/21 (Call 01/01/17)		USD	100		94,500
7.88%, 10/01/20 (Call 10/01/16)		USD	100		102,000
Navistar International Corp.
8.25%, 11/01/21 (Call 11/01/14)b		USD	100		103,250
NBTY Inc.
9.00%, 10/01/18 (Call 10/01/14)		USD	50		54,000
NCR Corp.
4.63%, 02/15/21 (Call 02/15/17)		USD	50		48,875
5.00%, 07/15/22 (Call 07/15/17)		USD	50		48,750
6.38%, 12/15/23 (Call 12/15/18)a		USD	50		51,750
Neiman Marcus Group Inc. (The)
8.00%, 10/15/21 (Call 10/15/16)a		USD	100		104,500
Newfield Exploration Co.
5.75%, 01/30/22		USD	100		103,146
6.88%, 02/01/20 (Call 02/01/15)		USD	100		106,974
NGPL PipeCo LLC
7.12%, 12/15/17a,b		USD	100		92,700
9.63%, 06/01/19 (Call 06/01/15)a,b		USD	100		99,264
Nielsen Finance LLC/Nielsen Finance Co.
4.50%, 10/01/20 (Call 10/01/16)b		USD	50		49,409
7.75%, 10/15/18 (Call 10/15/14)		USD	75		80,604
NRG Energy Inc.
6.63%, 03/15/23 (Call 09/15/17)		USD	100		102,377
7.63%, 01/15/18		USD	100		112,547
7.63%, 05/15/19 (Call 05/15/14)		USD	250		263,034
7.88%, 05/15/21 (Call 05/15/16)b		USD	100		109,258
8.25%, 09/01/20 (Call 09/01/15)		USD	50		54,572
Nuance Communications Inc.
5.38%, 08/15/20 (Call 08/15/16)a		USD	100		97,750
NuStar Logistics LP
4.80%, 09/01/20		USD	50		47,823
Nuveen Investments Inc.
9.13%, 10/15/17 (Call 10/15/14)a,b		USD	50		51,188
9.50%, 10/15/20 (Call 10/15/16)a		USD	50		51,375
Oasis Petroleum Inc.
6.88%, 03/15/22 (Call 09/15/17)a		USD	100		105,750
7.25%, 02/01/19 (Call 02/01/15)		USD	100		107,000
Offshore Group Investments Ltd.
7.13%, 04/01/23 (Call 04/01/18)		USD	75		74,957
7.50%, 11/01/19 (Call 11/01/15)		USD	50		53,515
Peabody Energy Corp.
6.00%, 11/15/18		USD	150		159,627
6.25%, 11/15/21		USD	100		100,954
6.50%, 09/15/20		USD	100		104,936
Penn Virginia Corp.
8.50%, 05/01/20 (Call 05/01/17)		USD	50		54,438
Penn Virginia Resource Partners LP/Penn Virginia Resource Finance Corp. II
8.38%, 06/01/20 (Call 06/01/16)		USD	59		65,490
Petco Animal Supplies Inc.
9.25%, 12/01/18 (Call 03/03/14)a		USD	50		53,625
Pinnacle Entertainment Inc.
7.50%, 04/15/21 (Call 04/15/15)b		USD	100		108,625
PNK Finance Corp.
6.38%, 08/01/21 (Call 08/01/16)a		USD	115		117,751
Post Holdings Inc.
7.38%, 02/15/22 (Call 02/15/17)		USD	50		53,063
Puget Energy Inc.
6.50%, 12/15/20		USD	100		118,068
PVH Corp.
7.38%, 05/15/20 (Call 05/15/15)		USD	100		108,875

Security	Principal (000s)			Value
QEP Resources Inc.
5.38%, 10/01/22 (Call 07/01/22)		USD	100	$	96,808
6.88%, 03/01/21		USD	50		53,830
QVC Inc.
5.13%, 07/02/22		USD	100		101,269
7.50%, 10/01/19 (Call 10/01/14)a		USD	100		107,250
R.R. Donnelley & Sons Co.
7.88%, 03/15/21b		USD	50		55,500
8.25%, 03/15/19		USD	100		115,750
Range Resources Corp.
5.00%, 08/15/22 (Call 02/15/17)		USD	100		98,703
5.75%, 06/01/21 (Call 06/01/16)		USD	100		105,764
Realogy Group LLC
7.88%, 02/15/19 (Call 02/15/15)a		USD	100		108,513
Regency Energy Partners LP/Regency Energy Finance Corp.
5.50%, 04/15/23 (Call 10/15/17)		USD	50		48,724
6.50%, 07/15/21 (Call 07/15/16)		USD	100		106,212
6.88%, 12/01/18 (Call 12/01/14)		USD	100		106,731
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC
5.75%, 10/15/20 (Call 10/15/15)		USD	300		306,000
7.13%, 04/15/19 (Call 10/15/14)		USD	350		370,125
7.88%, 08/15/19 (Call 08/15/15)		USD	100		109,625
8.25%, 02/15/21 (Call 02/15/16)b		USD	100		106,250
9.00%, 04/15/19 (Call 10/15/14)		USD	100		106,500
9.88%, 08/15/19 (Call 08/15/15)		USD	250		275,937
Rite Aid Corp.
6.75%, 06/15/21 (Call 06/15/16)b		USD	100		105,711
9.25%, 03/15/20 (Call 03/15/16)		USD	50		56,996
Rockies Express Pipeline LLC
5.63%, 04/15/20a		USD	75		67,574
6.85%, 07/15/18a		USD	50		49,094
Rockwood Specialties Group Inc.
4.63%, 10/15/20 (Call 10/15/15)b		USD	100		101,940
Rosetta Resources Inc.
5.88%, 06/01/22 (Call 12/01/17)		USD	90		89,020
Sabine Pass Liquefaction LLC
5.63%, 02/01/21a		USD	200		197,500
5.63%, 04/15/23a		USD	100		94,725
6.25%, 03/15/22a		USD	100		100,117
Sabine Pass LNG LP
7.50%, 11/30/16		USD	100		111,203
Sabre Inc.
8.50%, 05/15/19 (Call 05/15/15)a		USD	100		110,750
Sally Holdings LLC/Sally Capital Inc.
6.88%, 11/15/19 (Call 11/15/15)		USD	150		164,625
Samson Investment Co.
10.50%, 02/15/20 (Call 02/15/16)a,b		USD	200		219,682
SandRidge Energy Inc.
7.50%, 03/15/21 (Call 03/15/16)b		USD	100		103,380
7.50%, 02/15/23 (Call 08/15/17)		USD	50		50,750
8.13%, 10/15/22 (Call 04/15/17)b		USD	100		104,509
SBA Communications Corp.
5.63%, 10/01/19 (Call 10/01/16)		USD	50		51,500
SBA Telecommunications Inc.
5.75%, 07/15/20 (Call 07/15/16)		USD	50		51,875
Sealed Air Corp.
8.13%, 09/15/19 (Call 09/15/15)a		USD	100		111,500
8.38%, 09/15/21 (Call 09/15/16)a		USD	100		114,250
Sears Holdings Corp.
6.63%, 10/15/18b		USD	100		89,750
Service Corp. International
5.38%, 01/15/22 (Call 07/15/17)a		USD	50		50,625

28

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security	Principal (000s)			Value
ServiceMaster Co.
7.00%, 08/15/20 (Call 08/15/15)		USD	50	$	50,500
8.00%, 02/15/20 (Call 02/15/15)		USD	50		52,051
SESI LLC
6.38%, 05/01/19 (Call 05/01/15)		USD	100		106,245
Sinclair Television Group Inc.
6.13%, 10/01/22 (Call 10/01/17)		USD	100		101,159
Sirius XM Holdings Inc.
4.63%, 05/15/23 (Call 05/15/18)a		USD	100		89,000
5.75%, 08/01/21 (Call 08/01/16)a		USD	100		99,750
SLM Corp.
5.50%, 01/15/19		USD	200		204,330
5.50%, 01/25/23		USD	100		93,173
6.00%, 01/25/17		USD	250		270,001
6.25%, 01/25/16b		USD	150		160,947
7.25%, 01/25/22b		USD	150		157,943
8.00%, 03/25/20		USD	200		223,239
SM Energy Co.
5.00%, 01/15/24 (Call 07/15/18)a		USD	100		94,171
Smithfield Foods Inc.
5.25%, 08/01/18 (Call 08/01/15)a		USD	25		25,938
5.88%, 08/01/21 (Call 08/01/16)a		USD	50		50,750
6.63%, 08/15/22 (Call 08/15/17)		USD	100		105,250
Spectrum Brands Inc.
6.38%, 11/15/20 (Call 11/15/16)		USD	100		106,000
Springleaf Finance Corp.
Series I
5.40%, 12/01/15		USD	50		52,500
6.90%, 12/15/17		USD	250		272,500
7.75%, 10/01/21		USD	100		108,000
Sprint Communications Inc.
6.00%, 12/01/16		USD	150		162,750
6.00%, 11/15/22		USD	200		196,500
7.00%, 03/01/20a		USD	100		112,250
7.00%, 08/15/20		USD	50		53,688
8.38%, 08/15/17b		USD	150		173,250
9.00%, 11/15/18a		USD	250		301,250
9.13%, 03/01/17		USD	150		176,250
11.50%, 11/15/21b		USD	100		130,250
Sprint Corp.
7.13%, 06/15/24a		USD	200		201,000
7.25%, 09/15/21a		USD	150		161,625
7.88%, 09/15/23a		USD	400		426,000
SPX Corp.
6.88%, 09/01/17b		USD	50		56,500
Standard Pacific Corp.
8.38%, 05/15/18		USD	100		117,250
Steel Dynamics Inc.
5.25%, 04/15/23 (Call 04/15/18)		USD	75		75,708
Suburban Propane Partners LP/Suburban Energy Finance Corp.
7.50%, 10/01/18 (Call 10/01/14)		USD	84		89,638
SunGard Data Systems Inc.
6.63%, 11/01/19 (Call 11/01/15)		USD	50		52,188
7.38%, 11/15/18 (Call 03/03/14)		USD	100		106,000
7.63%, 11/15/20 (Call 11/15/15)		USD	100		109,625
SUPERVALU Inc.
6.75%, 06/01/21 (Call 06/01/17)		USD	50		48,625
8.00%, 05/01/16		USD	50		55,000
T-Mobile USA Inc.
6.46%, 04/28/19 (Call 04/28/15)		USD	150		158,250
6.54%, 04/28/20 (Call 04/28/16)		USD	200		212,000
6.63%, 04/28/21 (Call 04/28/17)		USD	200		210,500
6.73%, 04/28/22 (Call 04/28/17)		USD	150		157,875

Security	Principal (000s)			Value
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.25%, 11/15/23 (Call 05/15/18)a		USD	50	$	44,995
5.25%, 05/01/23 (Call 11/01/17)		USD	100		96,814
6.88%, 02/01/21 (Call 02/01/16)		USD	100		106,763
Taylor Morrison Communities Inc./Monarch Communities Inc.
5.25%, 04/15/21 (Call 04/15/16)a		USD	200		193,500
Tenet Healthcare Corp.
4.50%, 04/01/21		USD	200		194,000
6.00%, 10/01/20a		USD	150		158,062
6.25%, 11/01/18b		USD	100		110,250
8.00%, 08/01/20 (Call 08/01/15)		USD	50		54,500
8.13%, 04/01/22		USD	300		328,125
Terex Corp.
6.00%, 05/15/21 (Call 11/15/16)		USD	100		103,500
Tesoro Corp.
5.38%, 10/01/22 (Call 10/01/17)		USD	50		50,853
Tesoro Logistics LP/Tesoro Logistics Finance Corp.
6.13%, 10/15/21 (Call 10/15/16)		USD	50		51,508
Texas Competitive Electric Holdings Co. LLC/TCEH Finance Inc.
11.50%, 10/01/20 (Call 04/01/16)a,b		USD	150		110,250
Toll Brothers Finance Corp.
5.88%, 02/15/22 (Call 11/15/21)		USD	100		104,500
Toys R Us Inc.
10.38%, 08/15/17 (Call 02/15/15)b		USD	25		20,250
Toys R Us Property Co. II LLC
8.50%, 12/01/17 (Call 03/03/14)		USD	50		50,875
TransDigm Inc.
7.50%, 07/15/21 (Call 07/15/16)		USD	100		108,250
7.75%, 12/15/18 (Call 12/15/14)		USD	150		160,500
tw telecom holdings Inc.
5.38%, 10/01/22 (Call 10/01/17)		USD	100		98,750
UBS Preferred Funding Trust V Series 1
6.24%, 05/29/49 (Call 05/15/16)d		USD	75		79,687
United Airlines Inc.
6.75%, 09/15/15 (Call 03/03/14)a		USD	100		102,750
United Rentals (North America) Inc.
7.38%, 05/15/20 (Call 05/15/16)		USD	150		166,502
7.63%, 04/15/22 (Call 04/15/17)b		USD	100		112,504
8.38%, 09/15/20 (Call 09/15/15)b		USD	100		110,895
United States Steel Corp.
7.38%, 04/01/20b		USD	100		108,211
7.50%, 03/15/22 (Call 03/15/17)		USD	100		106,625
Univision Communications Inc.
5.13%, 05/15/23 (Call 05/15/18)a,b		USD	100		99,468
6.75%, 09/15/22 (Call 09/15/17)a		USD	100		109,750
6.88%, 05/15/19 (Call 05/15/15)a		USD	150		160,687
8.50%, 05/15/21 (Call 11/15/15)a		USD	50		54,875
US Airways Group Inc.
6.13%, 06/01/18		USD	50		51,813
US Foods Inc.
8.50%, 06/30/19 (Call 06/30/14)		USD	100		108,500
USG Corp.
6.30%, 11/15/16		USD	100		107,250
Valeant Pharmaceuticals International Inc.
6.38%, 10/15/20 (Call 10/15/16)a		USD	200		213,500
6.75%, 08/15/21 (Call 02/15/16)a		USD	100		106,875
6.88%, 12/01/18 (Call 12/01/14)a		USD	200		213,250
7.00%, 10/01/20 (Call 10/01/15)a		USD	100		107,750
Verso Paper Holdings LLC/Verso Paper Inc.
11.75%, 01/15/19 (Call 01/15/15)		USD	30		32,097
Vulcan Materials Co.
7.50%, 06/15/21		USD	100		115,500

29

Schedule of Investments  (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2014

Security	Principal or Shares (000s)			Value
VWR Funding Inc.
7.25%, 09/15/17 (Call 09/15/14)		USD	50	$	53,375
Walter Energy Inc.
8.50%, 04/15/21 (Call 04/15/17)		USD	25		18,375
9.88%, 12/15/20 (Call 12/15/16)b		USD	50		37,875
West Corp.
8.63%, 10/01/18 (Call 10/01/14)		USD	100		107,800
Whiting Petroleum Corp.
5.00%, 03/15/19 (Call 12/15/18)		USD	100		103,250
5.75%, 03/15/21 (Call 12/15/20)		USD	150		157,687
WideOpenWest Finance LLC/WideOpenWest Capital Corp.
10.25%, 07/15/19 (Call 07/15/15)		USD	75		83,437
Windstream Corp.
7.50%, 04/01/23 (Call 04/01/16)b		USD	100		100,000
7.75%, 10/15/20 (Call 10/15/15)		USD	200		212,000
7.88%, 11/01/17b		USD	100		114,000
WMG Acquisition Corp.
11.50%, 10/01/18 (Call 10/01/14)		USD	100		113,588
WPX Energy Inc.
6.00%, 01/15/22 (Call 10/15/21)		USD	100		99,933
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
5.38%, 03/15/22 (Call 03/15/17)b		USD	100		102,000
7.75%, 08/15/20 (Call 08/15/15)		USD	100		111,345
Zayo Group LLC/Zayo Capital Inc.
10.13%, 07/01/20 (Call 07/01/16)		USD	100		115,375
					55,330,434
TOTAL CORPORATE BONDS & NOTES
(Cost: $85,617,784)					87,727,219
FOREIGN AGENCY OBLIGATIONS — 0.16%
PORTUGAL — 0.16%
Caixa Geral de Depositos SA
5.63%, 12/04/15c		EUR	100		142,337
					142,337
TOTAL FOREIGN AGENCY OBLIGATIONS
(Cost: $135,591)					142,337
SHORT-TERM INVESTMENTS — 9.70%
MONEY MARKET FUNDS — 9.70%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.13%f,g,h			7,565		7,564,786
BlackRock Cash Funds: Prime, SL Agency Shares
0.12%f,g,h			650		650,452

Security	Shares (000s)		Value
BlackRock Cash Funds: Treasury, SL Agency Shares
0.00%f,g		575	$	575,256
				8,790,494
TOTAL SHORT-TERM INVESTMENTS
(Cost: $8,790,494)				8,790,494
TOTAL INVESTMENTS IN SECURITIES — 106.69%
(Cost: $94,543,869)				96,660,050
Other Assets, Less Liabilities — (6.69)%				(6,059,555	)
NET ASSETS — 100.00%			$	90,600,495

CAD	—  Canadian Dollar
EUR	—  Euro
GBP	—  British Pound
USD	—  United States Dollar

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

^b  All or a portion of this security represents a security on loan. See Note 1.

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

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

^e  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.

^f  Affiliated issuer. See Note 2.

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

^h  All or a portion of this security represents an investment of securities lending collateral. See Note 1.

See accompanying notes to schedules of investments.

30

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

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 (the “Board”).

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

31

Notes to Schedules of Investments (Unaudited)(Continued)

iSHARES^®, INC.

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 January 31, 2014. The breakdown of each Fund’s investments into major categories is disclosed in its respective schedule of investments.

32

Notes to Schedules of Investments (Unaudited) (Continued)

iSHARES^®, INC.

iShares Bond ETF and Investment Type	Investments
	Level 1		Level 2		Level 3		Total
Emerging Markets Corporate
Assets:
Corporate Bonds & Notes	$	—	$	12,202,913	$	—	$	12,202,913
Foreign Agency Obligations		—		12,024,510		—		12,024,510
Money Market Funds		150,668		—		—		150,668
	$	150,668	$	24,227,423	$	—	$	24,378,091
Emerging Markets High Yield
Assets:
Corporate Bonds & Notes	$	—	$	53,115,299	$	—	$	53,115,299
Foreign Agency Obligations		—		22,889,317		—		22,889,317
Foreign Government Obligations		—		98,301,569		—		98,301,569
Money Market Funds		748,362		—		—		748,362
	$	748,362	$	174,306,185	$	—	$	175,054,547
Emerging Markets Local Currency
Assets:
Foreign Government Obligations	$	—	$	534,211,696	$	—	$	534,211,696
	$	—	$	534,211,696	$	—	$	534,211,696
Global ex USD High Yield Corporate
Assets:
Corporate Bonds & Notes	$	—	$	75,092,780	$	0a	$	75,092,780
Foreign Agency Obligations		—		419,698		—		419,698
Money Market Funds		17,959		—		—		17,959
	$	17,959	$	75,512,478	$	0a	$	75,530,437
a Rounds to less than $1.
Global High Yield Corporate
Assets:
Corporate Bonds & Notes	$	—	$	87,727,219	$	—	$	87,727,219
Foreign Agency Obligations		—		142,337		—		142,337
Money Market Funds		8,790,494		—		—		8,790,494
	$	8,790,494	$	87,869,556	$	—	$	96,660,050

FOREIGN CURRENCY TRANSLATION

The accounting records of the Funds 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 January 31, 2014, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:

33

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	$	25,645,919	$	110,234	$	(1,378,062	)	$	(1,267,828	)
Emerging Markets High Yield		191,994,288		690,993		(17,630,734	)		(16,939,741	)
Emerging Markets Local Currency		586,832,559		5,681,062		(58,301,925	)		(52,620,863	)
Global ex USD High Yield Corporate		73,143,368		3,066,483		(679,414	)		2,387,069
Global High Yield Corporate		94,543,869		2,923,445		(807,264	)		2,116,181

34

Notes to Schedules of Investments (Unaudited) (Continued)

iSHARES^®, INC.

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 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 . 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. 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 BlackRock Fund Advisors (“BFA”), the Funds’ investment advisor, or its affiliates.

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 benefit from a borrower default indemnity provided by BlackRock, Inc. (“BlackRock”). BlackRock’s indemnity allows for full replacement of securities lent. Each Fund could suffer a loss if the value of the investments purchased with cash collateral falls below the value of the cash collateral received.

As of January 31, 2014, any securities on loan were collateralized by cash. The cash collateral received was invested in money market funds managed by BFA.

2. TRANSACTIONS WITH AFFILIATES

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

35

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/ Manish Mehta
Manish Mehta, President (Principal Executive Officer)
Date:	March 24, 2014

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/ Manish Mehta
Manish Mehta, President (Principal Executive Officer)
Date:	March 24, 2014

By: /s/ Jack Gee
Jack Gee, Treasurer and Chief Financial Officer (Principal Financial Officer)
Date:	March 24, 2014

EX-99.CERT

Form N-Q Exhibit for Item 3(a) EX-99.CERT

I, Manish Mehta, certify that:

1. I have reviewed this report on Form N-Q for the following five series of iShares, Inc.: iShares Emerging Markets Corporate Bond ETF, iShares Emerging Markets High Yield Bond ETF, iShares Emerging Markets Local Currency Bond ETF, iShares Global ex USD High Yield Corporate Bond ETF and iShares Global High Yield Corporate Bond ETF;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed;

4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s Board of Directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date:	March 24, 2014	/s/ Manish Mehta	President (Principal Executive Officer)
		Manish Mehta [Signature]	[Title]

Form N-Q Exhibit for Item 3(a) EX-99.CERT

I, Jack Gee, certify that:

1. I have reviewed this report on Form N-Q for the following five series of iShares, Inc.: iShares Emerging Markets Corporate Bond ETF, iShares Emerging Markets High Yield Bond ETF, iShares Emerging Markets Local Currency Bond ETF, iShares Global ex USD High Yield Corporate Bond ETF and iShares Global High Yield Corporate Bond ETF;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed;

4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer and I have disclosed to the Registrant’s auditors and the audit committee of the Registrant’s Board of Directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Date:	March 24, 2014	/s/ Jack Gee	Treasurer and Chief Financial Officer (Principal Financial Officer)
		Jack Gee [Signature]	[Title]