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

1 Iron Street, Boston, MA 02210

(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, 2016

Date of reporting period: January 31, 2016

Item 1. Schedules of Investments.

Schedule of Investments(Unaudited)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2016

Security	Principal (000s)		Value
CORPORATE BONDS & NOTESa — 94.27%
ARGENTINA — 0.52%
YPF SA
8.50%, 07/28/25b	$	75	$	69,797
8.75%, 04/04/24b		15		14,365
8.88%, 12/19/18b		35		35,700
				119,862
BRAZIL — 11.54%
Banco Bradesco SA/Cayman Islands
5.90%, 01/16/21b		100		98,575
6.75%, 09/29/19b		100		103,750
Banco do Brasil SA
5.88%, 01/19/23b		200		167,440
Caixa Economica Federal
2.38%, 11/06/17b		150		141,375
Centrais Eletricas Brasileiras SA
6.88%, 07/30/19b		100		89,225
Fibria Overseas Finance Ltd.
5.25%, 05/12/24		100		93,750
Gerdau Trade Inc.
5.75%, 01/30/21b		100		77,500
GTL Trade Finance Inc.
5.89%, 04/29/24 (Call 01/29/24)b		150		101,775
Itau Unibanco Holding SA/Cayman Island
5.13%, 05/13/23b		200		174,900
6.20%, 04/15/20b		100		100,275
JBS Investments GmbH
7.25%, 04/03/24 (Call 04/03/19)b		200		161,440
Marfrig Overseas Ltd.
9.50%, 05/04/20 (Call 02/29/16)b		100		97,250
Odebrecht Drilling Norbe VIII/IX Ltd.
6.35%, 06/30/22 (Call 06/30/20)b		159		57,085
Petrobras Global Finance BV
3.00%, 01/15/19		50		38,000
4.38%, 05/20/23		150		98,804
4.88%, 03/17/20		95		71,606
5.38%, 01/27/21		200		150,250
5.63%, 05/20/43		50		30,125
5.75%, 01/20/20		100		78,595
6.85%, 06/05/49		100		63,250
6.88%, 01/20/40		75		47,509
7.25%, 03/17/44		50		32,750
7.88%, 03/15/19		100		85,840

Security	Principal (000s)		Value
Petrobras International Finance Co. SA
5.88%, 03/01/18	$	100	$	87,202
6.75%, 01/27/41		75		47,134
Samarco Mineracao SA
4.13%, 11/01/22b		200		83,940
Telemar Norte Leste SA
5.50%, 10/23/20b		100		53,500
Vale Overseas Ltd.
4.63%, 09/15/20c		75		59,906
6.88%, 11/21/36		100		63,098
6.88%, 11/10/39		80		50,000
8.25%, 01/17/34		25		18,125
Vale SA
5.63%, 09/11/42c		75		44,427
				2,668,401
CHILE — 4.22%
Banco del Estado de Chile
4.13%, 10/07/20b		150		156,381
Celulosa Arauco y Constitucion SA
4.75%, 01/11/22 (Call 10/11/21)		37		37,381
Cencosud SA
5.50%, 01/20/21b		150		151,564
Corp. Nacional del Cobre de Chile
3.00%, 07/17/22b		200		184,781
4.25%, 07/17/42b		200		152,887
Empresa Nacional de Telecomunicaciones SA
4.88%, 10/30/24b		200		192,650
Empresa Nacional del Petroleo
4.75%, 12/06/21b		100		100,537
				976,181
CHINA — 10.71%
Agile Property Holdings Ltd.
8.88%, 04/28/17 (Call 02/29/16)b		100		101,000
Alibaba Group Holding Ltd.
3.60%, 11/28/24 (Call 08/28/24)		200		193,109
Baidu Inc.
2.25%, 11/28/17		200		200,803
Bank of Communications Co. Ltd.
4.50%, 10/03/24 (Call 10/03/19)b,d		200		204,966
China Overseas Finance II Ltd.
5.50%, 11/10/20b		100		108,993
CITIC Ltd.
6.63%, 04/15/21b		100		115,048

1

Schedule of Investments(Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2016

Security	Principal (000s)		Value
CNOOC Finance 2012 Ltd.
5.00%, 05/02/42b	$	200	$	210,516
Country Garden Holdings Co. Ltd.
7.50%, 03/09/20 (Call 03/09/18)b		200		207,818
Evergrande Real Estate Group Ltd.
8.75%, 10/30/18 (Call 10/30/16)b		200		197,500
Sino-Ocean Land Treasure Finance I Ltd.
4.63%, 07/30/19b		200		202,533
Sinochem Overseas Capital Co. Ltd.
4.50%, 11/12/20b		100		105,722
Sinopec Group Overseas Development 2013 Ltd.
4.38%, 10/17/23b		200		209,071
State Grid Overseas Investment 2014 Ltd.
4.13%, 05/07/24b		200		216,202
Tencent Holdings Ltd.
3.38%, 05/02/19b		200		204,547
				2,477,828
COLOMBIA — 2.63%
Bancolombia SA
5.13%, 09/11/22		50		47,875
6.13%, 07/26/20		75		76,875
Ecopetrol SA
4.13%, 01/16/25		100		76,000
5.88%, 09/18/23		100		87,970
5.88%, 05/28/45		50		34,610
7.38%, 09/18/43		50		38,438
7.63%, 07/23/19		50		51,812
Grupo Aval Ltd.
4.75%, 09/26/22b		200		181,440
Pacific Exploration and Production Corp.
5.38%, 01/26/19 (Call 01/26/17)b,e		100		12,750
				607,770
HONG KONG — 4.17%
Bank of China Hong Kong Ltd.
5.55%, 02/11/20b		100		109,508
Bank of East Asia Ltd. (The)
6.38%, 05/04/22 (Call 05/04/17)b,d		200		208,367
Hongkong Land Finance (Cayman Island) Co. Ltd. (The)
4.50%, 10/07/25		100		108,709

Security	Principal (000s)		Value
Hutchison Whampoa International 09 Ltd.
7.63%, 04/09/19b	$	100	$	116,308
Hutchison Whampoa International 14 Ltd.
3.63%, 10/31/24b		200		201,867
Li & Fung Ltd.
5.25%, 05/13/20b		100		109,349
Swire Pacific MTN Financing Ltd.
5.50%, 08/19/19b		100		110,225
				964,333
INDIA — 5.94%
Bharti Airtel International Netherlands BV
5.13%, 03/11/23b		200		205,700
Export-Import Bank of India
4.00%, 01/14/23b		200		203,853
ICICI Bank Ltd.
6.38%, 04/30/22 (Call 04/30/17)b,d		100		100,765
ICICI Bank Ltd./Hong Kong
5.75%, 11/16/20b		100		111,886
ONGC Videsh Ltd.
4.63%, 07/15/24b		200		201,441
Reliance Holdings USA Inc.
5.40%, 02/14/22b		250		274,812
State Bank of India/London
3.62%, 04/17/19b		200		204,995
Vedanta Resources PLC
9.50%, 07/18/18b		100		71,034
				1,374,486
INDONESIA — 2.15%
Majapahit Holding BV
7.75%, 01/20/20b		120		133,920
7.88%, 06/29/37b		25		26,775
Pertamina Persero PT
4.30%, 05/20/23b		200		180,797
5.63%, 05/20/43b		200		155,837
				497,329
ISRAEL — 0.99%
Israel Electric Corp. Ltd.
6.88%, 06/21/23b		200		229,548
				229,548

2

Schedule of Investments(Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2016

Security	Principal (000s)		Value
JAMAICA — 0.70%
Digicel Group Ltd.
8.25%, 09/30/20 (Call 09/30/16)b	$	200	$	161,775
				161,775
KAZAKHSTAN — 1.57%
Development Bank of Kazakhstan JSC
4.13%, 12/10/22b		200		172,040
Kazakhstan Temir Zholy Finance BV
6.38%, 10/06/20b		200		191,900
				363,940
MALAYSIA — 1.32%
Petronas Capital Ltd.
3.50%, 03/18/25b		200		196,485
5.25%, 08/12/19b		100		108,798
				305,283
MEXICO — 10.75%
America Movil SAB de CV
5.00%, 03/30/20		100		109,469
5.63%, 11/15/17		100		106,347
6.13%, 03/30/40		100		108,786
6.38%, 03/01/35		100		112,345
Banco Santander Mexico SA
5.95%, 01/30/24 (Call 01/30/19)b,d		200		201,100
BBVA Bancomer SA/Texas
6.75%, 09/30/22b		150		161,475
Cemex Finance LLC
6.00%, 04/01/24 (Call 04/01/19)b		200		171,000
Coca-Cola FEMSA SAB de CV
3.88%, 11/26/23		150		154,476
Comision Federal de Electricidad
4.88%, 01/15/24b		200		199,000
Empresas ICA SAB de CV
8.90%, 02/04/21 (Call 02/29/16)b,e		50		9,250
Grupo Bimbo SAB de CV
4.50%, 01/25/22b		100		103,493
Grupo Televisa SAB
6.63%, 01/15/40		106		109,091
Petroleos Mexicanos
3.50%, 07/18/18		100		98,000
3.50%, 01/30/23		75		63,938
4.88%, 01/24/22		75		70,312
4.88%, 01/18/24		40		36,178
5.50%, 01/21/21		75		73,781

Security	Principal (000s)		Value
5.50%, 06/27/44	$	60	$	45,228
5.63%, 01/23/46b		150		115,500
5.75%, 03/01/18		100		102,130
6.38%, 01/23/45		100		84,375
6.50%, 06/02/41		90		76,680
6.63%, 06/15/35		100		88,521
6.63%, 06/15/38		25		21,625
8.00%, 05/03/19		60		64,470
				2,486,570
MOROCCO — 0.86%
OCP SA
5.63%, 04/25/24b		200		198,864
				198,864
PERU — 2.03%
Banco de Credito del Peru/Panama
5.38%, 09/16/20b		100		106,875
Corp. Financiera de Desarrollo SA
4.75%, 07/15/25b		200		194,680
Southern Copper Corp.
5.88%, 04/23/45		100		76,798
7.50%, 07/27/35		100		91,749
				470,102
PHILIPPINES — 0.56%
Power Sector Assets & Liabilities Management Corp.
7.39%, 12/02/24b		100		129,515
				129,515
QATAR — 2.71%
CBQ Finance Ltd.
7.50%, 11/18/19b		100		112,570
Ooredoo International Finance Ltd.
5.00%, 10/19/25b		200		208,500
Qatari Diar Finance QSC
5.00%, 07/21/20b		100		108,120
QNB Finance Ltd.
2.13%, 02/14/18b		200		198,000
				627,190
RUSSIA — 10.40%
AK Transneft OJSC Via TransCapitalInvest Ltd.
8.70%, 08/07/18b		100		109,371
Alfa Bank OJSC Via Alfa Bond Issuance PLC
7.88%, 09/25/17b		100		104,267

3

Schedule of Investments(Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2016

Security	Principal (000s)		Value
Evraz Group SA
6.75%, 04/27/18b	$	200	$	195,720
Gazprom OAO Via Gaz Capital SA
4.95%, 02/06/28b		200		170,870
7.29%, 08/16/37b		100		101,682
9.25%, 04/23/19b		100		110,802
Lukoil International BV
6.66%, 06/07/22b		120		123,363
7.25%, 11/05/19b		100		106,916
Mobile Telesystems OJSC via MTS International Funding Ltd.
8.63%, 06/22/20b		100		110,725
Rosneft Finance SA
7.25%, 02/02/20b		100		104,750
Russian Agricultural Bank OJSC Via RSHB Capital SA
6.30%, 05/15/17b		100		101,008
Russian Railways via RZD Capital PLC
5.74%, 04/03/17b		100		101,770
Sberbank of Russia Via SB Capital SA
6.13%, 02/07/22b		200		203,372
Severstal OAO Via Steel Capital SA
6.70%, 10/25/17b		100		104,125
VimpelCom Holdings BV
7.50%, 03/01/22b		200		203,000
Vnesheconombank Via VEB Finance PLC
6.80%, 11/22/25b		100		95,000
6.90%, 07/09/20b		100		99,670
VTB Bank OJSC Via VTB Capital SA
6.55%, 10/13/20b		100		102,500
6.88%, 05/29/18b		150		156,852
				2,405,763
SINGAPORE — 1.79%
DBS Bank Ltd.
3.63%, 09/21/22 (Call 09/21/17)b,d		200		204,511
Oversea-Chinese Banking Corp. Ltd.
3.75%, 11/15/22 (Call 11/15/17)b,d		100		102,340
PSA International Pte Ltd.
3.88%, 02/11/21b		100		107,286
				414,137
SOUTH AFRICA — 1.09%
AngloGold Ashanti Holdings PLC
5.13%, 08/01/22c		100		80,500

Security	Principal (000s)		Value
Eskom Holdings SOC Ltd.
5.75%, 01/26/21b	$	200	$	171,750
				252,250
SOUTH KOREA — 6.47%
Hyundai Capital America
2.13%, 10/02/17b		50		50,078
2.55%, 02/06/19b		100		100,152
KEB Hana Bank
2.50%, 06/12/19b		200		202,099
Korea Development Bank (The)
3.75%, 01/22/24		200		212,808
3.88%, 05/04/17		200		205,770
Korea East-West Power Co. Ltd.
2.63%, 11/27/18b		200		203,355
Korea Gas Corp.
4.25%, 11/02/20b		100		109,268
Korea National Oil Corp.
2.75%, 01/23/19b		200		203,394
POSCO
4.25%, 10/28/20b		100		106,232
Woori Bank Co. Ltd.
6.21%, 05/02/67 (Call 05/02/17)b,d		100		103,611
				1,496,767
SRI LANKA — 0.83%
Bank of Ceylon
5.33%, 04/16/18b		200		192,760
				192,760
THAILAND — 1.34%
Bangkok Bank PCL/Hong Kong
4.80%, 10/18/20b		100		109,067
PTT PCL
3.38%, 10/25/22b		200		201,089
				310,156
TURKEY — 3.16%
Akbank TAS
5.00%, 10/24/22b		150		145,406
Turkiye Is Bankasi
3.88%, 11/07/17b		200		200,680
Turkiye Vakiflar Bankasi TAO
6.88%, 02/03/25 (Call 02/03/20)b,d		200		192,262
Yapi ve Kredi Bankasi AS
4.00%, 01/22/20b		200		193,306
				731,654

4

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2016

Security	Principal (000s)		Value
UNITED ARAB EMIRATES — 3.40%
Abu Dhabi National Energy Co.
6.50%, 10/27/36b	$	100	$	113,250
Abu Dhabi National Energy Co. PJSC
4.13%, 03/13/17b		200		203,218
ADCB Finance Cayman Ltd.
2.50%, 03/06/18b		200		198,540
Dolphin Energy Ltd.
5.89%, 06/15/19b		56		59,195
DP World Ltd.
6.85%, 07/02/37b		100		95,025
Dubai Electricity & Water Authority
7.38%, 10/21/20b		100		116,578
				785,806
UNITED KINGDOM — 0.45%
ICBC Standard Bank PLC
8.13%, 12/02/19b		100		103,656
				103,656
UNITED STATES — 0.44%
Flextronics International Ltd.
4.63%, 02/15/20		100		102,002
				102,002
VENEZUELA — 1.53%
Petroleos de Venezuela SA
5.25%, 04/12/17b		130		50,700
5.38%, 04/12/27b		90		26,100
5.50%, 04/12/37b		50		14,550
6.00%, 05/16/24b		165		48,675
6.00%, 11/15/26b		160		47,024
8.50%, 11/02/17b		123		50,863
9.00%, 11/17/21b		75		25,012
9.75%, 05/17/35b		100		34,025
12.75%, 02/17/22b		150		57,375
				354,324
TOTAL CORPORATE BONDS & NOTES
(Cost: $24,028,202)				21,808,252
FOREIGN GOVERNMENT OBLIGATIONSa — 4.27%
BRAZIL — 1.27%
Banco Nacional de Desenvolvimento Economico e Social
5.50%, 07/12/20b		100		93,250

Security	Principal or Shares (000s)		Value
6.37%, 06/16/18b	$	100	$	100,250
6.50%, 06/10/19b		100		98,750
				292,250
SOUTH KOREA — 1.82%
Export-Import Bank of Korea
2.88%, 01/21/25		200		200,424
4.38%, 09/15/21		200		221,040
				421,464
UNITED ARAB EMIRATES — 1.18%
International Petroleum Investment Co.
5.00%, 11/15/20b		250		273,290
				273,290
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $991,988)				987,004
SHORT-TERM INVESTMENTS — 1.72%
MONEY MARKET FUNDS — 1.72%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.45%f,g,h		177		177,263
BlackRock Cash Funds: Prime, SL Agency Shares
0.43%f,g,h		17		16,862
BlackRock Cash Funds: Treasury, SL Agency Shares
0.24%f,g		204		203,930
				398,055
TOTAL SHORT-TERM INVESTMENTS
(Cost: $398,055)				398,055

5

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2016

	Value
TOTAL INVESTMENTS IN SECURITIES — 100.26%
(Cost: $25,418,245)		23,193,311
Other Assets, Less Liabilities — (0.26)%		(59,384	)
NET ASSETS — 100.00%	$	23,133,927

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

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

^e  Issuer is in default of interest payments.

^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.

6

Schedule of Investments (Unaudited)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2016

Security	Principal (000s)		Value
CORPORATE BONDS & NOTESa — 41.19%
ARGENTINA — 0.78%
YPF SA
8.50%, 07/28/25b	$	135	$	125,634
8.75%, 04/04/24b		178		170,471
8.88%, 12/19/18b		87		88,740
				384,845
BARBADOS — 0.41%
Columbus International Inc.
7.38%, 03/30/21 (Call 03/30/18)b		200		200,500
				200,500
BRAZIL — 12.96%
Banco Bradesco SA/Cayman Islands
5.90%, 01/16/21b		400		394,300
Banco BTG Pactual SA/Cayman Islands
5.75%, 09/28/22b		200		141,000
Banco do Brasil SA
5.38%, 01/15/21b		100		87,250
5.88%, 01/19/23b		200		167,440
Banco do Brasil SA/Cayman
3.88%, 10/10/22		200		162,500
Caixa Economica Federal
3.50%, 11/07/22b		150		113,400
4.50%, 10/03/18b		300		281,250
Centrais Eletricas Brasileiras SA
5.75%, 10/27/21b		200		152,900
6.88%, 07/30/19b		100		89,225
CSN Resources SA
6.50%, 07/21/20b		100		47,250
Itau Unibanco Holding SA/Cayman Island
2.85%, 05/26/18b		200		191,800
5.13%, 05/13/23b		400		349,800
5.65%, 03/19/22b		200		184,500
6.20%, 12/21/21b		200		190,880
JBS USA LLC/JBS USA Finance Inc.
5.75%, 06/15/25 (Call 06/15/20)b		200		153,000
7.25%, 06/01/21 (Call 02/29/16)b		200		181,250
8.25%, 02/01/20 (Call 02/29/16)b		100		94,500
Marfrig Holdings Europe BV
6.88%, 06/24/19 (Call 06/24/17)b		200		179,750

Security	Principal (000s)		Value
Minerva Luxembourg SA
7.75%, 01/31/23 (Call 01/31/18)b	$	200	$	186,500
Odebrecht Drilling Norbe VIII/IX Ltd.
6.35%, 06/30/22 (Call 06/30/20)b		157		56,520
Odebrecht Offshore Drilling Finance Ltd.
6.75%, 10/01/23 (Call 12/01/21)b		179		38,382
Oi Brasil Holdings Cooperatief UA
5.75%, 02/10/22b		200		87,000
Petrobras Global Finance BV
3.00%, 01/15/19		300		228,000
3.25%, 03/17/17		200		188,000
4.38%, 05/20/23		300		197,607
4.88%, 03/17/20		250		188,437
5.38%, 01/27/21		450		338,062
5.63%, 05/20/43		200		120,500
5.75%, 01/20/20		250		196,487
6.25%, 03/17/24		200		144,700
6.85%, 06/05/49		250		158,125
6.88%, 01/20/40		275		174,199
7.25%, 03/17/44		100		65,500
7.88%, 03/15/19		225		193,140
Petrobras International Finance Co. SA
5.88%, 03/01/18		240		209,285
6.75%, 01/27/41		250		157,113
Rio Oil Finance Trust Series 2014-1
9.25%, 07/06/24b		175		101,500
Samarco Mineracao SA
5.75%, 10/24/23b		200		83,500
Telemar Norte Leste SA
5.50%, 10/23/20b		200		107,000
				6,381,552
CHILE — 0.38%
VTR Finance BV
6.88%, 01/15/24 (Call 01/15/19)b		200		186,500
				186,500
CHINA — 2.89%
Agile Property Holdings Ltd.
8.38%, 02/18/19 (Call 02/18/17)b		200		202,718
8.88%, 04/28/17 (Call 02/29/16)b		100		101,000
Country Garden Holdings Co. Ltd.
7.25%, 04/04/21 (Call 10/04/17)b		200		203,648
7.50%, 03/09/20 (Call 03/09/18)b		200		207,818

7

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2016

Security	Principal (000s)		Value
Evergrande Real Estate Group Ltd.
8.75%, 10/30/18 (Call 10/30/16)b	$	300	$	296,250
Greentown China Holdings Ltd.
8.50%, 02/04/18 (Call 02/29/16)b		200		208,339
Trillion Chance Ltd.
8.50%, 01/10/19 (Call 01/10/17)b		200		204,787
				1,424,560
COLOMBIA — 1.27%
Bancolombia SA
5.13%, 09/11/22		200		191,500
6.13%, 07/26/20		200		205,000
Grupo Aval Ltd.
4.75%, 09/26/22b		200		181,440
Pacific Exploration and Production Corp.
5.13%, 03/28/23 (Call 03/28/18)b,c		100		11,950
5.38%, 01/26/19 (Call 01/26/17)b,c		100		12,750
5.63%, 01/19/25 (Call 01/19/20)b,c		100		12,366
7.25%, 12/12/21 (Call 12/12/16)b,c		100		12,500
				627,506
HONG KONG — 0.54%
Noble Group Ltd.
6.75%, 01/29/20b		100		51,875
Shimao Property Holdings Ltd.
8.13%, 01/22/21 (Call 01/22/18)b		200		212,598
				264,473
INDIA — 1.09%
ICICI Bank Ltd.
6.38%, 04/30/22 (Call 04/30/17)b,d		100		100,765
IDBI Bank Ltd.
3.75%, 01/25/19b		200		200,038
Vedanta Resources PLC
6.00%, 01/31/19b		200		123,260
8.25%, 06/07/21b		200		114,310
				538,373
INDONESIA — 3.24%
Majapahit Holding BV
7.75%, 01/20/20b		200		223,200
7.88%, 06/29/37b		100		107,100
8.00%, 08/07/19b		200		224,200
Pelabuhan Indonesia II PT
4.25%, 05/05/25b		200		177,000

Security	Principal (000s)		Value
Pertamina Persero PT
4.30%, 05/20/23b	$	200	$	180,797
5.63%, 05/20/43b		200		155,837
6.00%, 05/03/42b		200		163,053
6.45%, 05/30/44b		200		172,073
Perusahaan Gas Negara Persero Tbk
5.13%, 05/16/24b		200		194,433
				1,597,693
JAMAICA — 0.99%
Digicel Group Ltd.
7.13%, 04/01/22 (Call 04/01/17)b		200		149,100
8.25%, 09/30/20 (Call 09/30/16)b		200		161,775
Digicel Ltd.
6.00%, 04/15/21 (Call 04/15/16)b		200		174,250
				485,125
KAZAKHSTAN — 1.70%
Halyk Savings Bank of Kazakhstan JSC
7.25%, 05/03/17b		100		101,008
Kazakhstan Temir Zholy Finance BV
6.95%, 07/10/42b		200		168,240
Kazkommertsbank JSC
5.50%, 12/21/22 (Call 02/29/16)b		100		66,332
KazMunaiGaz Finance Sub BV
9.13%, 07/02/18b		100		106,650
KazMunayGas National Co. JSC
6.38%, 04/09/21b		200		195,710
7.00%, 05/05/20b		200		201,500
				839,440
LUXEMBOURG — 0.36%
Millicom International Cellular SA
6.63%, 10/15/21 (Call 10/15/17)b		200		178,000
				178,000
MEXICO — 2.14%
Banco Santander Mexico SA
5.95%, 01/30/24 (Call 01/30/19)b,d		200		201,100
BBVA Bancomer SA/Texas
7.25%, 04/22/20 b		200		213,500
Cemex Finance LLC
6.00%, 04/01/24 (Call 04/01/19)b		200		171,000
9.38%, 10/12/22 (Call 10/12/17)b		300		302,910
Cemex SAB de CV
5.70%, 01/11/25 (Call 01/11/20)b		200		167,800
				1,056,310

8

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2016

Security	Principal (000s)		Value
RUSSIA — 5.75%
Alfa Bank AO Via Alfa Bond Issuance PLC
7.75%, 04/28/21b	$	300	$	310,500
Evraz Group SA
6.50%, 04/22/20b		200		183,750
Metalloinvest Finance Ltd.
5.63%, 04/17/20b		200		187,040
MMC Norilsk Nickel OJSC via MMC Finance Ltd.
5.55%, 10/28/20b		200		200,082
Mobile Telesystems OJSC via MTS International Funding Ltd.
8.63%, 06/22/20b		150		166,088
Novolipetsk Steel via Steel Funding Ltd.
4.45%, 02/19/18b		200		198,248
Russian Agricultural Bank OJSC Via RSHB Capital SA
5.10%, 07/25/18b		200		197,559
6.30%, 05/15/17b		200		202,016
Russian Railways via RZD Capital PLC
5.74%, 04/03/17b		200		203,540
Sberbank of Russia Via SB Capital SA
5.13%, 10/29/22b		200		185,398
Severstal OAO Via Steel Capital SA
5.90%, 10/17/22b		200		199,016
Vimpel Communications Via VIP Finance Ireland Ltd. OJSC
7.75%, 02/02/21b		200		206,300
VimpelCom Holdings BV
7.50%, 03/01/22b		200		203,000
VTB Bank OJSC Via VTB Capital SA
6.95%, 10/17/22b		200		191,776
				2,834,313
SINGAPORE — 0.38%
Puma International Financing SA
6.75%, 02/01/21 (Call 02/01/17)b		200		185,108
				185,108
SOUTH AFRICA — 1.82%
AngloGold Ashanti Holdings PLC
5.13%, 08/01/22		200		161,000

Security	Principal (000s)		Value
Eskom Holdings SOC Ltd.
7.13%, 02/11/25b	$	360	$	310,185
Myriad International Holdings BV
6.00%, 07/18/20b		400		423,792
				894,977
SRI LANKA — 0.41%
Bank of Ceylon
6.88%, 05/03/17b		200		202,250
				202,250
TRINIDAD AND TOBAGO — 0.21%
Petroleum Co. of Trinidad & Tobago Ltd.
9.75%, 08/14/19b		100		101,000
				101,000
TURKEY — 0.79%
Turkiye Is Bankasi AS
6.00%, 10/24/22b		200		196,800
Turkiye Vakiflar Bankasi TAO
6.00%, 11/01/22b		200		192,600
				389,400
UNITED KINGDOM — 0.59%
ICBC Standard Bank PLC
8.13%, 12/02/19b		100		103,656
Sable International Finance Ltd.
6.88%, 08/01/22 (Call 08/01/18)b		200		186,000
				289,656
UNITED STATES — 0.41%
Flextronics International Ltd.
5.00%, 02/15/23		200		203,000
				203,000
VENEZUELA — 2.08%
Petroleos de Venezuela SA
5.25%, 04/12/17b		290		113,100
5.38%, 04/12/27b		270		78,300
5.50%, 04/12/37b		120		34,920
6.00%, 05/16/24b		480		141,600
6.00%, 11/15/26b		475		139,602
8.50%, 11/02/17b		414		170,734
9.00%, 11/17/21b		185		61,698
9.75%, 05/17/35b		380		129,295
12.75%, 02/17/22b		400		153,000
				1,022,249
TOTAL CORPORATE BONDS & NOTES
(Cost: $24,270,186)				20,286,830

9

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2016

Security	Principal (000s)		Value
FOREIGN GOVERNMENT OBLIGATIONSa — 55.77%
ARGENTINA — 2.17%
Argentine Republic Government International Bond
0.00%, 12/31/33a,c	$	147	$	161,935
2.50%, 12/31/38a,c		559		340,990
8.28%, 12/31/33a,c		407		457,415
8.75%, 06/02/17a,c		97		109,610
				1,069,950
BRAZIL — 5.59%
Banco Nacional de Desenvolvimento Economico e Social
4.00%, 04/14/19b		400		367,000
Brazilian Government International Bond
4.25%, 01/07/25		600		503,100
4.88%, 01/22/21		450		429,750
5.00%, 01/27/45		600		412,500
5.88%, 01/15/19		300		311,250
7.13%, 01/20/37		400		362,000
10.13%, 05/15/27		300		368,250
				2,753,850
COSTA RICA — 0.68%
Costa Rica Government International Bond
7.00%, 04/04/44b		400		336,000
				336,000
CROATIA — 1.93%
Croatia Government International Bond
5.50%, 04/04/23b		200		208,600
6.00%, 01/26/24b		200		214,950
6.25%, 04/27/17b		300		311,970
6.38%, 03/24/21b		200		216,800
				952,320
DOMINICAN REPUBLIC — 1.57%
Dominican Republic International Bond
5.50%, 01/27/25b		100		94,000
5.88%, 04/18/24b		100		96,500
6.60%, 01/28/24b		100		100,750

Security	Principal (000s)		Value
6.85%, 01/27/45b	$	200	$	182,500
7.45%, 04/30/44b		200		193,000
7.50%, 05/06/21b		100		105,750
				772,500
ECUADOR — 0.58%
Ecuador Government International Bond
7.95%, 06/20/24b		200		138,500
10.50%, 03/24/20b		200		148,000
				286,500
EGYPT — 0.54%
Egypt Government International Bond
5.75%, 04/29/20b		100		99,400
5.88%, 06/11/25b		200		166,787
				266,187
EL SALVADOR — 0.75%
El Salvador Government International Bond
5.88%, 01/30/25b		100		79,500
7.63%, 02/01/41b		150		116,437
7.65%, 06/15/35b		130		102,375
7.75%, 01/24/23b		75		69,844
				368,156
GUATEMALA — 0.19%
Guatemala Government Bond
4.88%, 02/13/28b		100		94,500
				94,500
HUNGARY — 3.92%
Hungary Government International Bond
4.00%, 03/25/19		100		103,950
4.13%, 02/19/18		110		114,067
5.38%, 02/21/23		200		218,640
5.38%, 03/25/24		100		110,166
5.75%, 11/22/23		200		224,267
6.25%, 01/29/20		200		222,500
6.38%, 03/29/21		400		453,300
7.63%, 03/29/41		200		272,750
Magyar Export-Import Bank Zrt
5.50%, 02/12/18b		200		210,577
				1,930,217

10

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2016

Security	Principal (000s)		Value
INDONESIA — 7.59%
Indonesia Government International Bond
3.75%, 04/25/22b	$	300	$	292,085
4.13%, 01/15/25b		200		195,949
4.63%, 04/15/43b		200		175,385
4.75%, 01/08/26b		200		203,643
4.88%, 05/05/21b		300		314,902
5.13%, 01/15/45b		200		186,999
5.25%, 01/17/42b		200		189,150
5.38%, 10/17/23b		200		212,861
5.88%, 03/13/20b		200		219,413
5.88%, 01/15/24b		200		219,150
5.95%, 01/08/46b		200		206,987
6.63%, 02/17/37b		100		107,276
6.75%, 01/15/44b		200		218,046
6.88%, 03/09/17b		100		105,749
6.88%, 01/17/18b		200		217,602
7.75%, 01/17/38b		300		356,715
8.50%, 10/12/35b		100		126,418
11.63%, 03/04/19b		150		188,582
				3,736,912
JAMAICA — 0.71%
Jamaica Government International Bond
7.88%, 07/28/45		200		192,000
8.00%, 06/24/19		150		160,125
				352,125
LEBANON — 2.63%
Lebanese Republic
6.65%, 02/26/30b		150		143,988
Lebanon Government International Bond
5.15%, 11/12/18b		150		148,026
5.80%, 04/14/20b		100		98,020
6.15%, 06/19/20		100		100,000
6.20%, 02/26/25b		50		47,996
6.25%, 11/04/24b		125		121,275
6.38%, 03/09/20		200		199,610
7.05%, 11/02/35b		100		98,770
8.25%, 04/12/21b		150		161,025
9.00%, 03/20/17		170		176,871
				1,295,581

Security	Principal (000s)		Value
MOROCCO — 0.39%
Morocco Government International Bond
5.50%, 12/11/42b	$	200	$	192,000
				192,000
NIGERIA — 0.36%
Nigeria Government International Bond
6.38%, 07/12/23b		200		176,880
				176,880
PAKISTAN — 0.51%
Pakistan Government International Bond
8.25%, 04/15/24b		250		252,238
				252,238
RUSSIA — 8.31%
Russian Foreign Bond - Eurobond
3.25%, 04/04/17b		200		200,438
3.50%, 01/16/19b		200		199,719
4.50%, 04/04/22b		200		201,251
4.88%, 09/16/23b		200		203,500
5.00%, 04/29/20b		200		207,465
5.63%, 04/04/42b		400		382,649
5.88%, 09/16/43b		200		195,409
7.50%, 03/31/30b,e		1,528		1,833,087
11.00%, 07/24/18b		300		350,499
12.75%, 06/24/28b		200		317,690
				4,091,707
SERBIA — 1.30%
Serbia International Bond
5.25%, 11/21/17b		200		206,694
5.88%, 12/03/18b		200		209,500
7.25%, 09/28/21b		200		224,224
				640,418
SRI LANKA — 1.37%
Sri Lanka Government International Bond
5.88%, 07/25/22b		328		296,388
6.00%, 01/14/19b		200		195,207
6.85%, 11/03/25b		200		181,980
				673,575

11

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2016

Security	Principal (000s)		Value
TURKEY — 9.48%
Export Credit Bank of Turkey
5.00%, 09/23/21b	$	200	$	197,560
Turkey Government International Bond
3.25%, 03/23/23		254		235,314
4.25%, 04/14/26		200		190,600
4.88%, 04/16/43		200		178,250
5.63%, 03/30/21		250		265,975
5.75%, 03/22/24		400		427,600
6.00%, 01/14/41		200		206,625
6.25%, 09/26/22		200		219,657
6.63%, 02/17/45		200		228,088
6.75%, 04/03/18		250		268,560
6.75%, 05/30/40		275		309,798
6.88%, 03/17/36		270		306,120
7.00%, 03/11/19		100		109,561
7.00%, 06/05/20		150		167,592
7.25%, 03/05/38		50		59,314
7.38%, 02/05/25		320		376,941
7.50%, 07/14/17		200		214,018
7.50%, 11/07/19		150		168,903
8.00%, 02/14/34		163		205,525
11.88%, 01/15/30		200		331,601
				4,667,602
UKRAINE — 2.52%
Ukraine Government International Bond
7.75%, 09/01/19f		12		11,292
7.75%, 09/01/20b		200		187,900
7.75%, 09/01/21b		300		278,850
7.75%, 09/01/22b		100		93,200
7.75%, 09/01/23b		225		206,887
7.75%, 09/01/24b		105		95,834
7.75%, 09/01/25b		205		186,140
7.75%, 09/01/26b		200		181,040
				1,241,143
VENEZUELA — 2.29%
Venezuela Government International Bond
6.00%, 12/09/20b		180		58,050
7.00%, 12/01/18b		75		27,563
7.00%, 03/31/38b		100		32,250
7.65%, 04/21/25b		183		60,390
7.75%, 10/13/19b		350		118,125

Security	Principal or Shares (000s)		Value
8.25%, 10/13/24b	$	275	$	92,125
9.00%, 05/07/23b		270		91,800
9.25%, 09/15/27		305		112,087
9.25%, 05/07/28b		240		82,800
9.38%, 01/13/34		185		64,010
11.75%, 10/21/26b		265		97,388
11.95%, 08/05/31b		395		146,150
12.75%, 08/23/22b		250		95,625
13.63%, 08/15/18		100		48,500
				1,126,863
VIETNAM — 0.39%
Vietnam Government International Bond
4.80%, 11/19/24b		200		190,974
				190,974
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $30,142,395)				27,468,198
SHORT-TERM INVESTMENTS — 1.58%
MONEY MARKET FUNDS — 1.58%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.24%g,h		776		775,804
				775,804
TOTAL SHORT-TERM INVESTMENTS (Cost: $775,804)				775,804
TOTAL INVESTMENTS IN SECURITIES — 98.54% (Cost: $55,188,385)				48,530,832
Other Assets, Less Liabilities — 1.46%				720,357
NET ASSETS — 100.00%			$	49,251,189

^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  Issuer is in default of interest payments.

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

^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.

12

Schedule of Investments (Unaudited)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

January 31, 2016

Security	Principal (000s)				Value
FOREIGN GOVERNMENT OBLIGATIONS — 92.64%
BRAZIL — 11.20%
Brazil Letras do Tesouro Nacional
0.00%, 04/01/16		BRL	$	21,605	$	5,259,932
0.00%, 07/01/16		BRL		29,523		6,951,185
0.00%, 10/01/16		BRL		24,299		5,522,284
0.00%, 01/01/17		BRL		22,783		5,008,603
0.00%, 07/01/17		BRL		4,286		877,376
0.00%, 01/01/18		BRL		19,600		3,734,633
0.00%, 07/01/18		BRL		15,770		2,781,749
0.00%, 01/01/19		BRL		56,626		9,302,737
Brazil Notas do Tesouro Nacional Series F
10.00%, 01/01/18		BRL		389		89,515
10.00%, 01/01/19		BRL		3,208		706,894
10.00%, 01/01/21		BRL		30,845		6,298,321
10.00%, 01/01/23		BRL		17,003		3,265,976
10.00%, 01/01/25		BRL		25,318		4,632,637
Brazilian Government International Bond
8.50%, 01/05/24		BRL		500		106,977
10.25%, 01/10/28		BRL		1,420		316,180
12.50%, 01/05/22		BRL		1,633		413,882
						55,268,881
CHILE — 0.26%
Bonos del Banco Central de Chile en Pesos
4.50%, 04/01/20		CLP		220,000		318,060
4.50%, 06/01/20		CLP		475,000		681,705
6.00%, 02/01/21		CLP		35,000		54,651
Chile Government International Bond
5.50%, 08/05/20		CLP		173,000		248,430
						1,302,846
COLOMBIA — 4.36%
Colombia Government International Bond
7.75%, 04/14/21		COP		496,000		150,871
9.85%, 06/28/27		COP		2,998,000		1,014,759
Colombian TES
6.00%, 04/28/28		COP		4,989,000		1,164,630
7.00%, 09/11/19		COP		7,556,000		2,237,171
7.00%, 05/04/22		COP		4,322,000		1,218,808
7.25%, 06/15/16		COP		4,365,000		1,328,768
7.50%, 08/26/26		COP		5,391,800		1,477,527
7.75%, 09/18/30		COP		2,050,000		543,246
10.00%, 07/24/24		COP		7,616,000		2,498,901

Security	Principal (000s)				Value
11.00%, 07/24/20		COP	$	8,156,000	$	2,747,635
11.25%, 10/24/18		COP		21,676,000		7,153,504
						21,535,820
CZECH REPUBLIC — 4.09%
Czech Republic Government Bond
0.85%, 03/17/18a		CZK		125,030		5,105,721
1.50%, 10/29/19a		CZK		13,470		570,145
3.75%, 09/12/20a		CZK		38,070		1,788,047
3.85%, 09/29/21a		CZK		38,940		1,889,123
4.00%, 04/11/17a		CZK		29,310		1,229,492
4.20%, 12/04/36a		CZK		45,680		2,702,394
4.60%, 08/18/18a		CZK		38,470		1,724,271
4.70%, 09/12/22a		CZK		29,400		1,527,506
5.00%, 04/11/19a		CZK		33,270		1,548,509
5.70%, 05/25/24a		CZK		37,010		2,123,109
						20,208,317
HUNGARY — 3.84%
Hungary Government Bond
3.50%, 06/24/20		HUF		642,690		2,368,389
4.00%, 04/25/18		HUF		637,880		2,331,083
5.50%, 02/12/16		HUF		140,490		489,040
5.50%, 12/20/18		HUF		211,430		811,148
5.50%, 06/24/25		HUF		299,780		1,240,352
6.00%, 11/24/23		HUF		441,220		1,858,736
6.50%, 06/24/19		HUF		619,070		2,477,612
6.75%, 11/24/17		HUF		795,770		3,021,579
7.00%, 06/24/22		HUF		613,950		2,670,909
7.50%, 11/12/20		HUF		396,400		1,707,931
						18,976,779
INDONESIA — 4.34%
Indonesia Treasury Bond
5.63%, 05/15/23		IDR		28,130,000		1,716,410
6.63%, 05/15/33		IDR		22,700,000		1,318,495
7.00%, 05/15/22		IDR		22,068,000		1,482,024
7.88%, 04/15/19		IDR		50,832,000		3,650,863
8.25%, 06/15/32		IDR		28,359,000		1,954,126
8.38%, 03/15/24		IDR		13,138,000		955,254
8.38%, 09/15/26		IDR		6,000,000		437,236
8.38%, 03/15/34		IDR		12,674,000		886,876
9.50%, 07/15/31		IDR		68,295,000		5,205,789
10.00%, 07/15/17		IDR		3,100,000		231,045
10.00%, 09/15/24		IDR		5,860,000		458,463
10.00%, 02/15/28		IDR		9,815,000		772,895

13

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

January 31, 2016

Security	Principal (000s)				Value
10.50%, 07/15/38		IDR	$	4,860,000	$	403,971
11.00%, 11/15/20		IDR		15,732,000		1,252,861
11.00%, 09/15/25		IDR		8,485,000		706,476
						21,432,784
ISRAEL — 4.08%
Israel Government Bond — Fixed
2.25%, 05/31/19		ILS		4,169		1,111,031
4.00%, 01/31/18		ILS		11,664		3,163,920
4.25%, 03/31/23		ILS		14,771		4,425,917
5.00%, 01/31/20		ILS		6,909		2,037,886
5.50%, 02/28/17		ILS		8,658		2,314,772
5.50%, 01/31/22		ILS		3,150		992,106
5.50%, 01/31/42		ILS		4,862		1,766,072
6.00%, 02/28/19		ILS		10,257		3,024,926
6.25%, 10/30/26		ILS		3,650		1,296,230
						20,132,860
MALAYSIA — 4.45%
Malaysia Government Bond
3.26%, 03/01/18		MYR		10,000		2,413,478
3.49%, 03/31/20		MYR		6,899		1,665,573
3.50%, 05/31/27		MYR		3,546		797,854
3.73%, 06/15/28		MYR		1,800		412,973
4.01%, 09/15/17		MYR		15,230		3,743,684
4.05%, 09/30/21		MYR		3,374		827,454
4.13%, 04/15/32		MYR		5,858		1,373,380
4.39%, 04/15/26		MYR		11,165		2,764,862
4.50%, 04/15/30		MYR		3,300		815,017
4.94%, 09/30/43		MYR		1,975		489,130
5.73%, 07/30/19		MYR		18,968		4,914,150
Malaysia Government Investment Issue
4.17%, 04/30/21		MYR		7,098		1,729,145
						21,946,700
MEXICO — 9.21%
Mexican Bonos
5.00%, 06/15/17		MXN		23,466		1,313,133
6.25%, 06/16/16		MXN		25,955		1,442,866
6.50%, 06/10/21		MXN		61,634		3,558,730
7.25%, 12/15/16		MXN		57,670		3,275,065
7.50%, 06/03/27		MXN		72,590		4,385,924
7.75%, 12/14/17		MXN		53,500		3,150,277
7.75%, 05/29/31		MXN		31,508		1,922,653
7.75%, 11/13/42		MXN		39,723		2,411,611
8.00%, 06/11/20		MXN		10,320		630,394

Security	Principal (000s)				Value
8.00%, 12/07/23		MXN	$	56,846	$	3,540,418
8.50%, 12/13/18		MXN		93,410		5,673,376
8.50%, 11/18/38		MXN		27,030		1,764,823
10.00%, 12/05/24		MXN		76,499		5,382,025
10.00%, 11/20/36		MXN		27,649		2,053,112
United Mexican States
6.50%, 06/09/22		MXN		85,400		4,941,216
						45,445,623
PERU — 1.21%
Peru Government Bond
5.70%, 08/12/24		PEN		1,895		491,230
6.85%, 02/12/42		PEN		1,510		374,538
6.90%, 08/12/37		PEN		2,481		630,373
6.95%, 08/12/31		PEN		3,112		816,322
7.84%, 08/12/20		PEN		3,092		934,398
8.20%, 08/12/26		PEN		9,044		2,711,889
						5,958,750
PHILIPPINES — 4.22%
Philippine Government Bond
2.13%, 05/23/18		PHP		3,700		76,024
2.88%, 05/22/17		PHP		56,500		1,187,947
3.88%, 11/22/19		PHP		99,720		2,108,497
4.00%, 12/06/22		PHP		44,000		897,415
4.13%, 08/20/24		PHP		50,000		1,038,027
4.63%, 09/09/40		PHP		53,500		1,059,053
5.00%, 08/18/18		PHP		121,380		2,649,854
6.38%, 01/19/22		PHP		67,798		1,601,314
7.00%, 03/31/17		PHP		23,140		508,721
8.00%, 07/19/31		PHP		43,300		1,248,049
8.13%, 12/16/35		PHP		126,215		3,642,083
8.50%, 11/29/32		PHP		45,430		1,343,698
Philippine Government International Bond
4.95%, 01/15/21		PHP		100,000		2,156,411
6.25%, 01/14/36		PHP		57,000		1,322,029
						20,839,122
POLAND — 4.04%
Poland Government Bond
1.50%, 04/25/20		PLN		6,690		1,594,732
3.25%, 07/25/19		PLN		7,334		1,877,625
3.25%, 07/25/25		PLN		11,065		2,772,355
3.75%, 04/25/18		PLN		3,778		969,821
4.00%, 10/25/23		PLN		7,500		1,984,421
4.75%, 10/25/16		PLN		12,808		3,209,600

14

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

January 31, 2016

Security	Principal (000s)				Value
4.75%, 04/25/17		PLN	$	5,307	$	1,352,180
5.00%, 04/25/16		PLN		5,774		1,425,344
5.25%, 10/25/20		PLN		6,644		1,848,417
5.50%, 10/25/19		PLN		3,477		960,901
5.75%, 09/23/22		PLN		6,636		1,931,690
						19,927,086
ROMANIA — 2.15%
Romania Government Bond
4.75%, 06/24/19		RON		4,700		1,229,797
5.60%, 11/28/18		RON		4,430		1,173,226
5.85%, 04/26/23		RON		12,170		3,386,833
5.90%, 07/26/17		RON		4,960		1,266,034
6.75%, 06/11/17		RON		8,340		2,138,854
Romanian Government International Bond
4.75%, 08/29/16		RON		5,820		1,420,242
						10,614,986
RUSSIA — 3.20%
Russian Federal Bond — OFZ
6.00%, 05/11/16		RUB		40,678		536,378
6.20%, 01/31/18		RUB		76,303		945,756
6.70%, 05/15/19		RUB		43,201		520,357
6.80%, 12/11/19		RUB		144,334		1,724,302
7.00%, 01/25/23		RUB		127,000		1,437,677
7.05%, 01/19/28		RUB		60,500		645,135
7.40%, 04/19/17		RUB		193,395		2,502,469
7.40%, 06/14/17		RUB		102,560		1,319,783
7.50%, 03/15/18		RUB		65,773		832,644
7.50%, 02/27/19		RUB		84,000		1,043,281
7.60%, 04/14/21		RUB		181,732		2,180,989
8.15%, 02/03/27		RUB		161,862		1,899,479
Russian Foreign Bond — Eurobond
7.85%, 03/10/18a		RUB		15,000		190,828
						15,779,078
SOUTH AFRICA — 4.35%
South Africa Government Bond
6.25%, 03/31/36		ZAR		103,309		4,523,245
6.50%, 02/28/41		ZAR		55,808		2,430,648
6.75%, 03/31/21		ZAR		33,884		1,946,092
7.25%, 01/15/20		ZAR		16,428		983,644
8.00%, 01/31/30		ZAR		25,760		1,428,465
8.25%, 09/15/17		ZAR		37,474		2,364,763
8.50%, 01/31/37		ZAR		28,180		1,563,370
8.75%, 02/28/48		ZAR		40,332		2,257,425

Security	Principal (000s)				Value
10.50%, 12/21/26		ZAR	$	55,880	$	3,821,280
13.50%, 09/15/16		ZAR		2,667		173,503
						21,492,435
SOUTH KOREA — 19.80%
Korea Monetary Stabilization Bond
1.71%, 04/02/17		KRW		5,490,800		4,587,971
1.96%, 02/02/17		KRW		1,750,000		1,465,568
2.46%, 08/02/16		KRW		7,520,000		6,302,336
Korea Treasury Bond
2.75%, 09/10/17		KRW		3,634,810		3,088,361
2.75%, 12/10/44		KRW		1,053,000		1,000,899
3.00%, 12/10/42		KRW		4,839,090		4,781,008
3.13%, 03/10/19		KRW		7,496,670		6,539,968
3.50%, 03/10/17		KRW		6,267,380		5,337,702
3.50%, 03/10/24		KRW		7,562,430		7,033,710
3.75%, 06/10/22		KRW		3,000,000		2,787,680
3.75%, 12/10/33		KRW		3,981,410		4,145,761
4.00%, 03/10/16		KRW		6,935,300		5,800,974
4.00%, 12/10/31		KRW		4,070,800		4,283,491
4.25%, 06/10/21		KRW		4,656,000		4,373,626
4.75%, 12/10/30		KRW		3,111,860		3,490,869
5.00%, 09/10/16		KRW		5,514,000		4,695,938
5.00%, 06/10/20		KRW		6,371,600		6,047,041
5.25%, 03/10/27		KRW		5,000,000		5,512,553
5.50%, 09/10/17		KRW		4,274,600		3,786,135
5.50%, 12/10/29		KRW		5,713,290		6,752,252
5.75%, 09/10/18		KRW		6,400,000		5,901,303
						97,715,146
THAILAND — 4.43%
Thailand Government Bond
3.58%, 12/17/27		THB		134,786		4,159,968
3.65%, 12/17/21		THB		30,650		936,925
3.78%, 06/25/32		THB		49,242		1,524,328
3.80%, 06/14/41		THB		30,000		893,741
3.85%, 12/12/25		THB		84,479		2,670,442
3.88%, 06/13/19		THB		37,770		1,136,519
4.13%, 11/18/16		THB		26,230		749,466
4.26%, 12/12/37a		THB		41,970		1,399,489
4.85%, 06/17/61		THB		14,000		490,546
4.88%, 06/22/29		THB		49,500		1,730,329
5.13%, 03/13/18		THB		35,733		1,074,915
5.67%, 03/13/28		THB		99,420		3,675,083
6.15%, 07/07/26		THB		37,899		1,427,387
						21,869,138

15

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

January 31, 2016

Security	Principal or Shares (000s)				Value
TURKEY — 3.41%
Turkey Government Bond
6.30%, 02/14/18		TRY	$	9,626	$	3,000,248
8.00%, 03/12/25		TRY		3,012		868,059
8.50%, 07/10/19		TRY		10,546		3,349,350
8.50%, 09/14/22		TRY		9,258		2,823,811
8.80%, 09/27/23		TRY		6,874		2,106,502
9.00%, 07/24/24		TRY		4,123		1,280,188
10.50%, 01/15/20		TRY		10,095		3,415,025
						16,843,183
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $549,554,913)						457,289,534
SHORT-TERM INVESTMENTS — 0.04%
MONEY MARKET FUNDS — 0.04%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.24%b,c				199		199,493
						199,493
TOTAL SHORT-TERM INVESTMENTS
(Cost: $199,493)						199,493
TOTAL INVESTMENTS IN SECURITIES — 92.68%
(Cost: $549,754,406)						457,489,027
Other Assets, Less Liabilities — 7.32%						36,149,844
NET ASSETS — 100.00%					$	493,638,871

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

^b  Affiliated issuer. See Note 2.

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

Forward currency contracts as of January 31, 2016 were as follows:

Currency Purchased		Currency Sold		Settlement Date		Counter- party		Unrealized Appreciation (Depreciation)
	USD 3,500,000		NGN 768,250,000		03/31/2016		SG	$	(21,146)

Counterparties:

SG — Societe Generale

Currency abbreviations:

BRL — Brazilian Real

CLP — Chilean Peso

COP — Colombian Peso

CZK — Czech Koruna

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 Sol

PHP — Philippine Peso

PLN — Polish Zloty

RON — Romanian Leu

RUB — New Russian Ruble

THB — Thai Baht

TRY — Turkish Lira

USD — United States Dollar

ZAR — South African Rand

See accompanying notes to schedules of investments.

16

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
CORPORATE BONDS & NOTES — 96.64%
AUSTRALIA — 0.31%
FMG Resources August 2006 Pty Ltd.
6.88%, 04/01/22 (Call 04/01/17)a,b	USD	$	15	$	8,358
8.25%, 11/01/19 (Call 03/03/16)a,b	USD		65		51,187
9.75%, 03/01/22 (Call 03/01/18)a,b	USD		150		130,125
Origin Energy Finance Ltd.
4.00%, 09/16/74 (Call 09/16/19)c,d	EUR		100		72,219
					261,889
AUSTRIA — 0.09%
Raiffeisen Bank International AG
4.50%, 02/21/25 (Call 02/21/20)c,d	EUR		100		79,127
					79,127
BELGIUM — 0.27%
Barry Callebaut Services NV
5.63%, 06/15/21c	EUR		100		126,368
Telenet Finance VI Luxembourg SCA
4.88%, 07/15/27 (Call 07/15/21)c	EUR		100		102,710
					229,078
CANADA — 2.96%
1011778 BC ULC/New Red Finance Inc.
4.63%, 01/15/22 (Call 10/01/17)a	USD		100		100,500
6.00%, 04/01/22 (Call 10/01/17)a,b	USD		175		181,086
Air Canada
6.75%, 10/01/19 (Call 10/01/16)a	USD		50		51,062
7.63%, 10/01/19 (Call 10/01/16)a	CAD		25		18,520
7.75%, 04/15/21a	USD		25		24,875
Athabasca Oil Corp.
7.50%, 11/19/17 (Call 02/29/16)c	CAD		50		29,490

Security		Principal (000s)		Value
Baytex Energy Corp.
6.63%, 07/19/22 (Call 07/19/17)	CAD	$	50	$	23,805
Bombardier Inc.
4.75%, 04/15/19a	USD		50		39,572
5.50%, 09/15/18a	USD		100		88,625
5.75%, 03/15/22a	USD		50		34,331
6.00%, 10/15/22 (Call 04/15/17)a	USD		100		68,838
6.13%, 05/15/21c	EUR		100		95,663
6.13%, 01/15/23a	USD		100		68,862
7.50%, 03/15/25 (Call 03/15/20)a,b	USD		100		68,872
7.75%, 03/15/20a,b	USD		50		39,409
Brookfield Residential Properties Inc.
6.13%, 05/15/23a	CAD		50		31,800
6.50%, 12/15/20 (Call 02/29/16)a,b	USD		50		45,500
Brookfield Residential Properties Inc./Brookfield Residential U.S. Corp.
6.13%, 07/01/22 (Call 07/01/17)a	USD		25		22,000
Canadian Energy Services & Technology Corp.
7.38%, 04/17/20 (Call 04/17/17)	CAD		25		15,687
Cascades Inc.
5.50%, 07/15/21 (Call 07/15/17)a	CAD		25		17,114
Centric Health Corp.
8.63%, 04/18/18 (Call 04/18/16)	CAD		19		13,518
CHC Helicopter SA
9.25%, 10/15/20 (Call 02/29/16)b	USD		90		39,600
Concordia Healthcare Corp.
7.00%, 04/15/23 (Call 04/15/18)a	USD		50		43,375
9.50%, 10/21/22 (Call 12/15/18)a	USD		75		73,125
Corus Entertainment Inc.
4.25%, 02/11/20c	CAD		50		37,662

17

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
Cott Beverages Inc.
5.38%, 07/01/22 (Call 07/01/17)	USD	$	50	$	48,581
6.75%, 01/01/20 (Call 01/01/17)	USD		50		51,542
Gateway Casinos & Entertainment Ltd.
8.50%, 11/26/20 (Call 11/26/16)a	CAD		25		16,699
Gibson Energy Inc.
5.38%, 07/15/22 (Call 07/15/17)a	CAD		50		29,016
Great Canadian Gaming Corp.
6.63%, 07/25/22 (Call 07/25/17)a	CAD		50		35,086
Jupiter Resources Inc.
8.50%, 10/01/22 (Call 10/01/17)a	USD		125		45,000
Lundin Mining Corp.
7.50%, 11/01/20 (Call 11/01/17)a	USD		50		42,875
7.88%, 11/01/22 (Call 11/01/18)a	USD		25		20,250
Mattamy Group Corp.
6.88%, 11/15/20 (Call 02/29/16)a	CAD		50		32,954
MEG Energy Corp.
6.38%, 01/30/23 (Call 07/30/17)a	USD		75		39,000
6.50%, 03/15/21 (Call 02/29/16)a,b	USD		75		42,750
7.00%, 03/31/24 (Call 09/30/18)a,b	USD		50		26,375
Newalta Corp.
Series 2
7.75%, 11/14/19 (Call 02/29/16)	CAD		22		13,080
NOVA Chemicals Corp.
5.00%, 05/01/25 (Call 01/31/25)a,b	USD		50		47,069
5.25%, 08/01/23 (Call 08/01/18)a	USD		50		49,000
NRL Energy Investments Ltd.
8.25%, 04/13/18 (Call 02/29/16)	CAD		25		2,309

Security		Principal (000s)		Value
Paramount Resources Ltd.
7.63%, 12/04/19 (Call 02/29/16)	CAD	$	50	$	25,227
Parkland Fuel Corp.
6.00%, 11/21/22 (Call 11/21/17)	CAD		50		34,909
Postmedia Network Inc.
8.25%, 08/16/17 (Call 02/29/16)a	CAD		21		13,512
Precision Drilling Corp.
5.25%, 11/15/24 (Call 05/15/19)b	USD		25		14,125
6.63%, 11/15/20 (Call 02/29/16)	USD		50		34,343
Quebecor Media Inc.
5.75%, 01/15/23	USD		150		150,750
6.63%, 01/15/23a	CAD		50		35,655
7.38%, 01/15/21 (Call 02/29/16)	CAD		50		36,587
Russel Metals Inc.
6.00%, 04/19/22 (Call 04/19/17)a	CAD		25		16,777
Seven Generations Energy Ltd.
6.75%, 05/01/23 (Call 05/01/18)a,b	USD		25		20,625
Superior Plus LP
6.50%, 12/09/21 (Call 12/09/17)	CAD		25		17,410
Teck Resources Ltd.
2.50%, 02/01/18	USD		25		20,701
4.50%, 01/15/21 (Call 10/15/20)	USD		25		13,077
Tervita Corp.
8.00%, 11/15/18 (Call 02/29/16)a	USD		50		29,208
9.00%, 11/15/18 (Call 02/29/16)a	CAD		25		10,126
Trilogy Energy Corp.
7.25%, 12/13/19 (Call 02/29/16)	CAD		25		14,686

18

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
Videotron Ltd.
5.00%, 07/15/22	USD	$	75	$	75,562
5.38%, 06/15/24 (Call 03/15/24)a	USD		50		50,250
5.63%, 06/15/25 (Call 03/15/25)	CAD		25		17,570
5.75%, 01/15/26 (Call 09/15/20)c	CAD		25		17,594
Yellow Pages Digital & Media Solutions Ltd.
9.25%, 11/30/18 (Call 02/29/16)a	CAD		36		26,808
					2,489,979
DENMARK — 0.11%
TDC A/S
3.50%, 02/26/49 (Call 02/26/21)c,d	EUR		100		95,589
					95,589
FINLAND — 0.38%
Nokia OYJ
5.38%, 05/15/19	USD		75		78,937
6.75%, 02/04/19c	EUR		100		126,121
Stora Enso OYJ
5.00%, 03/19/18c	EUR		100		115,784
					320,842
FRANCE — 4.12%
Alcatel-Lucent USA Inc.
6.75%, 11/15/20 (Call 02/10/16)a	USD		200		214,823
Areva SA
3.25%, 09/04/20c	EUR		100		96,843
3.50%, 03/22/21	EUR		100		96,699
4.63%, 10/05/17	EUR		100		107,664
4.88%, 09/23/24	EUR		100		97,246
CMA CGM SA
8.75%, 12/15/18 (Call 02/29/16)c	EUR		100		96,596
Credit Agricole SA
6.64%, 05/29/49 (Call 05/31/17)a,b,d	USD		100		99,000
8.38%, 10/29/49 (Call 10/13/19)a,d	USD		100		111,850

Security		Principal (000s)		Value
Elis SA
3.00%, 04/30/22 (Call 04/30/18)c	EUR	$	100	$	103,154
Ephios Bondco PLC
6.25%, 07/01/22 (Call 07/01/18)c	EUR		150		165,554
Faurecia
3.13%, 06/15/22 (Call 06/15/18)c	EUR		100		103,870
Groupama SA
7.88%, 10/27/39 (Call 10/27/19)d	EUR		100		110,480
Holding Medi-Partenaires SAS
7.00%, 05/15/20 (Call 05/15/16)c	EUR		100		113,817
La Financiere Atalian SAS
7.25%, 01/15/20 (Call 01/15/17)c	EUR		100		113,615
Loxam SAS
4.88%, 07/23/21 (Call 07/23/17)c	EUR		100		110,233
Nexans SA
5.75%, 05/02/17	EUR		50		55,968
Numericable-SFR SAS
4.88%, 05/15/19 (Call 05/15/16)a	USD		200		199,000
5.38%, 05/15/22 (Call 05/15/17)c	EUR		100		110,711
5.63%, 05/15/24 (Call 05/15/19)c	EUR		100		109,547
6.00%, 05/15/22 (Call 05/15/17)a,b	USD		400		395,000
Peugeot SA
6.50%, 01/18/19c	EUR		100		120,792
7.38%, 03/06/18c	EUR		100		119,963
Rexel SA
5.13%, 06/15/20 (Call 06/15/16)c	EUR		100		112,704
SGD Group SAS
5.63%, 05/15/19 (Call 02/29/16)c	EUR		100		106,135

19

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
Societe Generale SA
5.92%, 12/31/49 (Call 04/05/17)a,d	USD	$	100	$	100,978
SPCM SA
2.88%, 06/15/23 (Call 06/15/18)c	EUR		100		101,371
THOM Europe SAS
7.38%, 07/15/19 (Call 07/15/16)c	EUR		100		111,497
Vallourec SA
3.25%, 08/02/19	EUR		100		81,154
					3,466,264
GERMANY — 4.62%
Bayerische Landbank
5.75%, 10/23/17c	EUR		100		116,361
Bilfinger SE
2.38%, 12/07/19c	EUR		100		107,415
Commerzbank AG
7.75%, 03/16/21	EUR		200		256,205
Deutsche Lufthansa AG
5.13%, 08/12/75 (Call 02/12/21)c,d	EUR		100		108,859
Douglas GmbH
6.25%, 07/15/22 (Call 07/15/18)c	EUR		100		112,122
FMC Finance VIII SA
5.25%, 07/31/19c	EUR		100		122,214
Fresenius Finance BV
3.00%, 02/01/21c	EUR		100		115,069
Fresenius Medical Care U.S. Finance II Inc.
4.13%, 10/15/20 (Call 07/17/20)a,b	USD		50		50,411
4.75%, 10/15/24 (Call 07/17/24)a	USD		50		50,000
5.63%, 07/31/19a	USD		100		108,500
Fresenius Medical Care U.S. Finance Inc.
5.75%, 02/15/21a,b	USD		75		80,926
Hapag-Lloyd AG
7.75%, 10/01/18 (Call 02/29/16)c	EUR		100		108,467

Security		Principal (000s)		Value
HeidelbergCement Finance Luxembourg SA
3.25%, 10/21/21c	EUR	$	150	$	168,944
8.50%, 10/31/19c	EUR		100		130,963
9.50%, 12/15/18c	EUR		50		65,318
Norddeutsche Landesbank Girozentrale
6.00%, 06/29/20	EUR		50		60,854
Schaeffler Finance BV
3.25%, 05/15/25 (Call 05/15/20)c	EUR		100		101,243
3.50%, 05/15/22 (Call 05/15/17)c	EUR		100		107,263
4.75%, 05/15/21 (Call 05/15/16)a	USD		200		199,150
Techem GmbH
6.13%, 10/01/19 (Call 02/29/16)c	EUR		100		113,068
ThyssenKrupp AG
1.75%, 11/25/20 (Call 08/25/20)c	EUR		75		79,467
2.50%, 02/25/25c	EUR		100		101,788
4.00%, 08/27/18	EUR		175		198,799
4.38%, 02/28/17	EUR		100		111,457
Trionista TopCo GmbH
6.88%, 04/30/21 (Call 04/30/16)c	EUR		100		113,169
TUI AG
4.50%, 10/01/19 (Call 10/01/16)c	EUR		100		112,338
Unitymedia GmbH
3.75%, 01/15/27 (Call 01/15/21)c	EUR		100		95,351
6.13%, 01/15/25 (Call 01/15/20)a,b	USD		200		203,524
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
4.63%, 02/15/26 (Call 02/15/21)c	EUR		100		108,205
5.50%, 09/15/22 (Call 09/15/17)c	EUR		81		92,199

20

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
ZF North America Capital Inc.
2.75%, 04/27/23c	EUR	$	100	$	99,517
4.00%, 04/29/20a	USD		150		147,920
4.75%, 04/29/25a	USD		150		141,000
					3,888,086
GREECE — 0.12%
OTE PLC
3.50%, 07/09/20c	EUR		100		100,307
					100,307
INDIA — 0.12%
Samvardhana Motherson Automotive Systems Group BV
4.13%, 07/15/21 (Call 07/15/17)c	EUR		100		101,506
					101,506
IRELAND — 0.75%
Allied Irish Banks PLC
4.13%, 11/26/25 (Call 11/26/20)c,d	EUR		100		104,197
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
4.25%, 01/15/22 (Call 06/30/17)c	EUR		100		106,766
6.25%, 01/31/19 (Call 02/29/16)a	USD		200		193,500
Bank of Ireland
4.25%, 06/11/24 (Call 06/11/19)c,d	EUR		100		109,628
Smurfit Kappa Acquisitions
4.13%, 01/30/20c	EUR		100		116,045
					630,136
ITALY — 5.62%
Astaldi SpA
7.13%, 12/01/20 (Call 12/01/16)c	EUR		100		103,634
Autostrada Brescia Verona Vicenza Padova SpA
2.38%, 03/20/20c	EUR		100		108,394
Banca Monte dei Paschi di Siena SpA
3.63%, 04/01/19c	EUR		100		102,569
5.00%, 04/21/20c	EUR		50		44,635

Security		Principal (000s)		Value
Banca Popolare di Milano Scarl
7.13%, 03/01/21c	EUR	$	100	$	113,023
Banca Popolare di Vicenza
2.75%, 03/20/20c	EUR		100		90,158
Banco Popolare SC
2.38%, 01/22/18c	EUR		100		106,634
2.75%, 07/27/20c	EUR		100		102,835
3.50%, 03/14/19c	EUR		100		107,304
6.00%, 11/05/20c	EUR		100		107,664
Buzzi Unicem SpA
5.13%, 12/09/16c	EUR		50		55,996
Enel SpA
5.00%, 01/15/75 (Call 01/15/20)c,d	EUR		100		110,986
6.50%, 01/10/74 (Call 01/10/19)c,d	EUR		100		115,103
Fiat Finance North America Inc.
5.63%, 06/12/17	EUR		50		56,418
Finmeccanica SpA
4.50%, 01/19/21	EUR		100		117,784
Intesa Sanpaolo SpA
2.86%, 04/23/25c	EUR		100		105,500
3.93%, 09/15/26c	EUR		100		108,982
5.00%, 09/23/19c	EUR		150		175,292
6.63%, 05/08/18c	EUR		100		115,879
6.63%, 09/13/23c	EUR		100		127,658
Italcementi Finance SA
6.63%, 03/19/20c	EUR		100		123,300
Mediobanca SpA
5.75%, 04/18/23	EUR		100		121,190
TeamSystem Holding SpA
7.38%, 05/15/20 (Call 05/15/16)c	EUR		100		111,830
Telecom Italia SpA
3.25%, 01/16/23c	EUR		100		108,052
4.00%, 01/21/20c	EUR		100		115,658
4.75%, 05/25/18c	EUR		100		116,916
5.30%, 05/30/24a	USD		200		195,053
5.38%, 01/29/19c	EUR		100		119,962
6.13%, 12/14/18	EUR		100		122,049
6.38%, 06/24/19	GBP		50		76,619
UniCredit SpA
5.75%, 10/28/25 (Call 10/28/20)c,d	EUR		100		112,830

21

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
6.70%, 06/05/18c	EUR	$	100	$	116,861
6.95%, 10/31/22c	EUR		200		242,312
Unipol Gruppo Finanziario SpA
3.00%, 03/18/25c	EUR		115		115,328
Veneto Banca SCPA
4.00%, 01/20/17c	EUR		100		105,331
Wind Acquisition Finance SA
4.00%, 07/15/20 (Call 07/15/16)c	EUR		250		263,533
4.75%, 07/15/20 (Call 07/15/16)a	USD		200		196,300
7.00%, 04/23/21 (Call 04/23/17)c	EUR		100		104,446
7.38%, 04/23/21 (Call 04/23/17)a	USD		200		189,312
					4,733,330
JAPAN — 0.48%
SoftBank Group Corp.
4.00%, 07/30/22 (Call 04/30/22)c	EUR		100		105,027
4.50%, 04/15/20a	USD		200		199,250
5.25%, 07/30/27 (Call 04/30/27)c	EUR		100		98,359
					402,636
LUXEMBOURG — 3.90%
Altice Financing SA
5.25%, 02/15/23 (Call 02/15/18)c	EUR		100		104,775
6.50%, 01/15/22 (Call 12/15/16)a	USD		200		197,707
6.63%, 02/15/23 (Call 02/15/18)a	USD		200		197,250
Altice Luxembourg SA
6.25%, 02/15/25 (Call 02/15/20)c	EUR		100		91,074
7.25%, 05/15/22 (Call 05/15/17)c	EUR		100		102,270
7.63%, 02/15/25 (Call 02/15/20)a	USD		200		178,000
7.75%, 05/15/22 (Call 05/15/17)a	USD		200		187,000

Security		Principal (000s)		Value
ArcelorMittal
2.88%, 07/06/20c	EUR	$	100	$	88,941
3.13%, 01/14/22c	EUR		100		83,713
5.13%, 06/01/20b	USD		50		40,537
5.50%, 02/25/17	USD		100		97,317
5.88%, 11/17/17c	EUR		100		106,895
6.00%, 08/05/20	USD		75		60,717
6.13%, 06/01/18	USD		100		90,269
6.13%, 06/01/25b	USD		50		35,613
6.50%, 03/01/21	USD		150		121,875
7.25%, 02/25/22b	USD		100		80,585
10.85%, 06/01/19	USD		100		92,729
Garfunkelux Holdco 3 SA
8.50%, 11/01/22 (Call 11/01/18)c	GBP		100		139,461
INEOS Group Holdings SA
6.13%, 08/15/18 (Call 02/29/16)a,b	USD		200		198,750
Intelsat Jackson Holdings SA
5.50%, 08/01/23 (Call 08/01/18)	USD		150		119,343
6.63%, 12/15/22 (Call 12/15/17)b	USD		100		65,000
7.25%, 04/01/19 (Call 02/29/16)	USD		100		90,750
7.25%, 10/15/20 (Call 02/29/16)	USD		200		171,500
7.50%, 04/01/21 (Call 04/01/16)b	USD		100		86,000
Intelsat Luxembourg SA
6.75%, 06/01/18 (Call 06/01/16)b	USD		50		36,509
7.75%, 06/01/21 (Call 06/01/17)	USD		150		63,984
8.13%, 06/01/23 (Call 06/01/18)	USD		75		30,750
Matterhorn Telecom SA
3.88%, 05/01/22 (Call 05/01/18)c	EUR		100		97,689
SIG Combibloc Holdings SCA
7.75%, 02/15/23 (Call 02/15/18)c	EUR		100		111,439

22

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
Swissport Investments SA
6.75%, 12/15/21 (Call 06/15/18)c	EUR	$	100	$	111,614
					3,280,056
NETHERLANDS — 2.18%
AerCap Ireland Capital Ltd./AerCap Global Aviation Trust
2.75%, 05/15/17b	USD		150		147,358
3.75%, 05/15/19	USD		150		147,750
4.63%, 10/30/20b	USD		150		147,750
4.63%, 07/01/22	USD		150		146,062
5.00%, 10/01/21	USD		150		148,912
LGE HoldCo VI BV
7.13%, 05/15/24 (Call 05/15/19)c	EUR		100		116,169
Neptune Finco Corp.
10.88%, 10/15/25 (Call 10/15/20)a,b	USD		200		211,750
OI European Group BV
6.75%, 09/15/20c	EUR		100		122,305
Sensata Technologies BV
4.88%, 10/15/23a	USD		25		24,438
5.00%, 10/01/25a,b	USD		100		96,250
5.63%, 11/01/24a	USD		50		50,875
UPC Holding BV
6.38%, 09/15/22 (Call 09/15/17)c	EUR		100		114,117
6.75%, 03/15/23 (Call 03/15/18)c	EUR		100		115,825
UPCB Finance V Ltd.
7.25%, 11/15/21 (Call 11/15/16)a	USD		135		142,762
Ziggo Secured Finance BV
3.75%, 01/15/25 (Call 01/15/20)c	EUR		100		100,152
					1,832,475
NEW ZEALAND — 1.00%
Beverage Packaging Holdings Luxembourg II SA/Beverage Packaging Holdings II Issuer Inc.
6.00%, 06/15/17 (Call 06/15/16)a	USD		50		47,834

Security		Principal (000s)		Value
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC
5.75%, 10/15/20 (Call 02/29/16)b	USD	$	350	$	350,437
6.88%, 02/15/21 (Call 02/29/16)b	USD		100		103,558
7.13%, 04/15/19 (Call 02/29/16)	USD		100		101,670
8.25%, 02/15/21 (Call 02/29/16)	USD		100		92,750
9.88%, 08/15/19 (Call 02/29/16)	USD		150		146,625
					842,874
NORWAY — 0.13%
Lock AS
7.00%, 08/15/21 (Call 08/15/17)c	EUR		100		111,230
					111,230
PORTUGAL — 0.12%
EDP - Energias de Portugal SA
5.38%, 09/16/75 (Call 03/16/21)c,d	EUR		100		103,466
					103,466
SOUTH AFRICA — 0.12%
Sappi Papier Holding GmbH
3.38%, 04/01/22 (Call 04/01/18)c	EUR		100		101,658
					101,658
SOUTH KOREA — 0.03%
Harvest Operations Corp.
6.88%, 10/01/17	USD		40		27,528
					27,528
SPAIN — 1.56%
Banco de Sabadell SA
6.25%, 04/26/20	EUR		50		59,907
Bankia SA
4.00%, 05/22/24 (Call 05/22/19)c,d	EUR		100		103,122
4.38%, 02/14/17	EUR		100		112,356
Bankinter SA
6.38%, 09/11/19c	EUR		50		61,162

23

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
BBVA International Preferred SAU
5.92%, 04/29/49 (Call 04/18/17)d	USD	$	50	$	50,062
BPE Financiaciones SA
2.00%, 02/03/20c	EUR		100		103,701
Campofrio Food Group SA
3.38%, 03/15/22 (Call 03/15/18)c	EUR		100		106,238
Cirsa Funding Luxembourg SA
5.88%, 05/15/23 (Call 05/15/18)c	EUR		100		100,360
Gestamp Funding Luxembourg SA
5.88%, 05/31/20 (Call 05/31/16)c	EUR		100		110,815
Grifols Worldwide Operations Ltd.
5.25%, 04/01/22 (Call 04/01/17)	USD		200		202,000
Grupo Antolin Dutch BV
5.13%, 06/30/22 (Call 06/30/18)c	EUR		100		110,703
Grupo Isolux Corsan Finance BV
6.63%, 04/15/21 (Call 04/15/17)c	EUR		100		31,920
Obrascon Huarte Lain SA
4.75%, 03/15/22 (Call 03/15/18)c	EUR		100		78,889
Repsol International Finance BV
4.50%, 03/25/75 (Call 03/25/25)c,d	EUR		100		77,367
					1,308,602
SWEDEN — 0.25%
Verisure Holding AB
6.00%, 11/01/22 (Call 11/01/18)c	EUR		100		111,589
Volvo Treasury AB
4.20%, 06/10/75 (Call 06/10/20)c,d	EUR		100		101,690
					213,279

Security		Principal (000s)		Value
SWITZERLAND — 0.13%
Dufry Finance SCA
4.50%, 07/15/22 (Call 07/15/17)c	EUR	$	100	$	110,982
					110,982
UNITED KINGDOM — 7.18%
AA Bond Co. Ltd.
5.50%, 07/31/43 (Call 07/31/18)c	GBP		100		131,709
Algeco Scotsman Global Finance PLC
8.50%, 10/15/18 (Call 02/29/16)a	USD		200		156,250
Alliance Automotive Finance PLC
6.25%, 12/01/21 (Call 11/19/17)c	EUR		100		111,681
Arqiva Broadcast Finance PLC
9.50%, 03/31/20 (Call 03/31/16)c	GBP		100		151,961
Ashtead Capital Inc.
6.50%, 07/15/22 (Call 07/15/17)a	USD		200		204,000
Brakes Capital
7.13%, 12/15/18 (Call 02/29/16)c	GBP		100		145,355
Case New Holland Industrial Inc.
7.88%, 12/01/17	USD		200		214,500
CNH Industrial Finance Europe SA
2.88%, 09/27/21c	EUR		100		103,573
6.25%, 03/09/18c	EUR		100		115,292
Co-Operative Bank PLC/United Kingdom
5.13%, 09/20/17	GBP		50		69,173
EC Finance PLC
5.13%, 07/15/21 (Call 01/15/17)c	EUR		100		109,185
Fiat Chrysler Automobile NV
5.25%, 04/15/23b	USD		200		185,993
Fiat Chrysler Finance Europe
4.75%, 07/15/22c	EUR		100		112,065

24

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
6.63%, 03/15/18c	EUR	$	250	$	289,518
6.75%, 10/14/19c	EUR		100		120,555
7.38%, 07/09/18	EUR		100		118,731
Ineos Finance PLC
4.00%, 05/01/23 (Call 05/01/18)c	EUR		100		100,986
Inmarsat Finance PLC
4.88%, 05/15/22 (Call 05/15/17)a	USD		100		98,500
Interoute Finco PLC
7.38%, 10/15/20 (Call 10/15/17)c	EUR		100		113,128
Jaguar Land Rover Automotive PLC
3.50%, 03/15/20 (Call 12/15/19)a	USD		200		193,500
3.88%, 03/01/23c	GBP		100		127,089
New Look Secured Issuer PLC
6.50%, 07/01/22 (Call 06/24/18)c	GBP		100		138,338
Pizzaexpress Financing 2 PLC
6.63%, 08/01/21 (Call 08/01/17)c	GBP		100		145,838
Premier Foods Finance PLC
6.50%, 03/15/21 (Call 03/15/17)c	GBP		100		131,465
Rexam PLC
6.75%, 06/29/67 (Call 06/29/17)c,d	EUR		50		53,900
Royal Bank of Scotland Group PLC
3.63%, 03/25/24 (Call 03/25/19)c,d	EUR		100		110,149
5.13%, 05/28/24	USD		200		200,885
6.00%, 12/19/23	USD		150		159,553
6.10%, 06/10/23b	USD		75		79,925
6.13%, 12/15/22	USD		200		215,430
Royal Bank of Scotland PLC (The)
4.35%, 01/23/17	EUR		100		111,194
6.93%, 04/09/18	EUR		100		119,607

Security		Principal (000s)		Value
Silk Bidco AS
7.50%, 02/01/22 (Call 02/01/18)c	EUR	$	100	$	109,389
Tesco Corporate Treasury Services PLC
1.38%, 07/01/19c	EUR		100		104,901
2.50%, 07/01/24c	EUR		100		97,637
Tesco PLC
3.38%, 11/02/18c	EUR		100		111,609
6.13%, 02/24/22	GBP		100		147,057
Thomas Cook Finance PLC
6.75%, 06/15/21 (Call 01/15/18)c	EUR		100		111,909
Virgin Media Finance PLC
4.50%, 01/15/25 (Call 01/15/20)c	EUR		100		101,983
Virgin Media Secured Finance PLC
5.13%, 01/15/25 (Call 01/15/20)c	GBP		100		134,435
5.25%, 01/15/26 (Call 01/15/20)a	USD		200		198,000
5.50%, 01/15/25 (Call 01/15/19)c	GBP		90		124,414
6.25%, 03/28/29 (Call 01/15/21)c	GBP		100		140,831
Viridian Group FundCo II Ltd.
7.50%, 03/01/20 (Call 09/01/17)c	EUR		100		113,552
Worldpay Finance PLC
3.75%, 11/15/22c	EUR		100		108,866
					6,043,611
UNITED STATES — 60.09%
Activision Blizzard Inc.
5.63%, 09/15/21 (Call 09/15/16)a,b	USD		125		131,250
6.13%, 09/15/23 (Call 09/15/18)a,b	USD		50		53,500
ADT Corp. (The)
2.25%, 07/15/17	USD		50		49,739
3.50%, 07/15/22b	USD		75		67,781
4.13%, 04/15/19b	USD		25		25,737

25

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
4.13%, 06/15/23b	USD	$	50	$	45,912
6.25%, 10/15/21b	USD		75		77,812
Advanced Micro Devices Inc.
6.75%, 03/01/19	USD		50		34,125
7.00%, 07/01/24 (Call 07/01/19)	USD		50		30,875
7.50%, 08/15/22	USD		25		15,500
7.75%, 08/01/20 (Call 02/29/16)b	USD		25		15,822
AECOM
5.75%, 10/15/22 (Call 10/15/17)	USD		25		25,250
5.88%, 10/15/24 (Call 07/15/24)	USD		100		99,750
AES Corp./VA
4.88%, 05/15/23 (Call 05/15/18)b	USD		50		44,438
5.50%, 03/15/24 (Call 03/15/19)b	USD		50		45,033
5.50%, 04/15/25 (Call 04/15/20)	USD		50		44,875
7.38%, 07/01/21 (Call 06/01/21)b	USD		75		77,250
Aircastle Ltd.
4.63%, 12/15/18	USD		25		25,206
5.13%, 03/15/21	USD		25		24,688
5.50%, 02/15/22	USD		50		49,813
6.25%, 12/01/19b	USD		50		52,687
6.75%, 04/15/17	USD		50		51,844
AK Steel Corp.
7.63%, 05/15/20 (Call 02/29/16)b	USD		40		14,700
7.63%, 10/01/21 (Call 10/01/17)	USD		25		8,344
Albertson’s Holdings LLC/Safeway Inc.
7.75%, 10/15/22 (Call 10/15/17)a	USD		50		52,250
Alcoa Inc.
5.13%, 10/01/24 (Call 07/01/24)b	USD		100		82,000
5.40%, 04/15/21 (Call 01/15/21)b	USD		150		134,625

Security		Principal (000s)		Value
5.72%, 02/23/19	USD	$	100	$	98,675
6.15%, 08/15/20	USD		50		49,238
6.75%, 07/15/18	USD		100		103,385
Alere Inc.
6.38%, 07/01/23 (Call 07/01/18)a	USD		50		47,230
7.25%, 07/01/18 (Call 02/29/16)b	USD		50		51,518
Allegheny Technologies Inc.
5.95%, 01/15/21 (Call 10/15/20)b	USD		50		32,024
7.63%, 08/15/23 (Call 05/15/23)	USD		25		16,500
Ally Financial Inc.
3.25%, 02/13/18	USD		50		49,250
3.25%, 11/05/18	USD		50		48,991
3.50%, 01/27/19	USD		50		48,521
3.60%, 05/21/18	USD		100		99,375
3.75%, 11/18/19	USD		50		48,792
4.13%, 03/30/20b	USD		50		49,211
4.13%, 02/13/22	USD		50		48,750
4.63%, 05/19/22	USD		25		25,031
4.63%, 03/30/25b	USD		50		48,813
4.75%, 09/10/18	USD		50		50,500
5.13%, 09/30/24	USD		75		75,728
5.50%, 02/15/17	USD		200		202,907
5.75%, 11/20/25 (Call 10/20/25)	USD		105		104,833
6.25%, 12/01/17	USD		100		103,750
7.50%, 09/15/20b	USD		25		27,750
8.00%, 03/15/20	USD		100		112,250
AMC Networks Inc.
4.75%, 12/15/22 (Call 12/15/17)	USD		50		49,625
7.75%, 07/15/21 (Call 07/15/16)	USD		50		53,000
American Airlines Group Inc.
5.50%, 10/01/19a	USD		100		99,306
American Axle & Manufacturing Inc.
6.25%, 03/15/21 (Call 03/15/16)	USD		25		25,190

26

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
6.63%, 10/15/22 (Call 10/15/17)b	USD	$	100	$	99,625
American Energy-Permian Basin LLC
13.00%, 11/30/20 (Call 11/30/18)a	USD		50		51,750
American Energy-Permian Basin LLC/AEPB Finance Corp.
7.13%, 11/01/20 (Call 01/31/17)a	USD		100		26,583
7.38%, 11/01/21 (Call 07/31/17)a	USD		50		13,625
AmeriGas Finance LLC/AmeriGas Finance Corp.
6.75%, 05/20/20 (Call 05/20/16)	USD		50		49,375
7.00%, 05/20/22 (Call 05/20/17)	USD		100		97,734
Amsurg Corp.
5.63%, 07/15/22 (Call 07/15/17)b	USD		75		75,187
Anixter Inc.
5.13%, 10/01/21	USD		50		48,750
Antero Resources Corp.
5.13%, 12/01/22 (Call 06/01/17)b	USD		100		83,875
5.38%, 11/01/21 (Call 11/01/16)b	USD		75		63,562
5.63%, 06/01/23 (Call 06/01/18)a,b	USD		50		41,375
6.00%, 12/01/20 (Call 02/29/16)	USD		50		43,750
APX Group Inc.
6.38%, 12/01/19 (Call 02/29/16)	USD		75		72,046
8.75%, 12/01/20 (Call 02/29/16)b	USD		75		60,375
Aramark Services Inc.
5.75%, 03/15/20 (Call 02/29/16)	USD		100		103,315
Argos Merger Sub Inc.
7.13%, 03/15/23 (Call 03/15/18)a,b	USD		150		151,125

Security		Principal (000s)		Value
Ashland Inc.
3.88%, 04/15/18 (Call 03/15/18)	USD	$	50	$	51,250
4.75%, 08/15/22 (Call 05/15/22)b	USD		100		95,125
Audatex North America Inc.
6.00%, 06/15/21 (Call 06/15/17)a	USD		175		176,072
6.13%, 11/01/23 (Call 11/01/18)a	USD		215		216,037
Avaya Inc.
7.00%, 04/01/19 (Call 02/29/16)a	USD		150		100,125
10.50%, 03/01/21 (Call 03/01/17)a	USD		100		24,500
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
5.13%, 06/01/22 (Call 06/01/17)a,b	USD		25		23,625
5.50%, 04/01/23 (Call 04/01/18)	USD		50		47,350
Avon Products Inc.
6.35%, 03/15/20	USD		25		18,500
6.75%, 03/15/23	USD		50		31,668
Axiall Corp.
4.88%, 05/15/23 (Call 05/15/18)b	USD		50		46,875
Ball Corp.
4.00%, 11/15/23b	USD		75		71,982
4.38%, 12/15/20b	USD		25		25,938
4.38%, 12/15/23	EUR		100		110,704
5.00%, 03/15/22	USD		100		103,500
5.25%, 07/01/25	USD		75		77,437
Belden Inc.
5.50%, 04/15/23 (Call 04/15/18)c	EUR		100		105,062
Berry Petroleum Co. LLC
6.38%, 09/15/22 (Call 03/15/17)	USD		50		10,000
Berry Plastics Corp.
5.13%, 07/15/23 (Call 07/15/18)b	USD		50		48,542

27

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
5.50%, 05/15/22 (Call 05/15/17)b	USD	$	50	$	49,825
6.00%, 10/15/22 (Call 10/15/18)a	USD		40		40,800
Blue Cube Spinco Inc.
9.75%, 10/15/23 (Call 10/15/20)a	USD		100		107,229
BlueLine Rental Finance Corp.
7.00%, 02/01/19 (Call 02/29/16)a,b	USD		75		58,672
BMC Software Finance Inc.
8.13%, 07/15/21 (Call 07/15/16)a	USD		125		77,500
Boyd Gaming Corp.
6.88%, 05/15/23 (Call 05/15/18)b	USD		75		76,125
BreitBurn Energy Partners LP/BreitBurn Finance Corp.
7.88%, 04/15/22 (Call 01/15/17)	USD		75		12,188
Builders FirstSource Inc.
10.75%, 08/15/23 (Call 08/15/18)a,b	USD		65		61,100
Building Materials Corp. of America
5.38%, 11/15/24 (Call 11/15/19)a	USD		75		74,062
6.00%, 10/15/25 (Call 10/15/20)a,b	USD		100		101,997
Cablevision Systems Corp.
5.88%, 09/15/22	USD		50		41,500
7.75%, 04/15/18	USD		50		50,875
8.00%, 04/15/20b	USD		75		71,062
Caesars Entertainment Resort Properties LLC/Caesars Entertainment Resort Properties
8.00%, 10/01/20 (Call 10/01/16)b	USD		75		69,937
11.00%, 10/01/21 (Call 10/01/16)b	USD		100		87,000
CalAtlantic Group Inc.
8.38%, 05/15/18	USD		100		109,750

Security		Principal (000s)		Value
California Resources Corp.
5.00%, 01/15/20 (Call 12/15/19)	USD	$	23	$	4,658
5.50%, 09/15/21 (Call 06/15/21)	USD		41		7,790
6.00%, 11/15/24 (Call 08/15/24)	USD		52		9,880
8.00%, 12/15/22 (Call 12/15/18)a	USD		256		101,760
Calpine Corp.
5.38%, 01/15/23 (Call 10/15/18)b	USD		125		113,229
5.50%, 02/01/24 (Call 02/01/19)	USD		50		44,125
5.75%, 01/15/25 (Call 10/15/19)b	USD		150		133,125
5.88%, 01/15/24 (Call 11/01/18)a	USD		25		25,563
6.00%, 01/15/22 (Call 11/01/16)a	USD		25		25,969
7.88%, 01/15/23 (Call 01/15/17)a	USD		82		87,106
Calumet Specialty Products Partners LP/Calumet Finance Corp.
6.50%, 04/15/21 (Call 04/15/17)	USD		75		54,437
Carrizo Oil & Gas Inc.
6.25%, 04/15/23 (Call 04/15/18)	USD		80		55,900
7.50%, 09/15/20 (Call 09/15/16)b	USD		25		19,438
CCO Holdings LLC/CCO Holdings Capital Corp.
5.13%, 02/15/23 (Call 02/15/18)b	USD		100		100,000
5.13%, 05/01/23 (Call 05/01/18)a	USD		75		75,000
5.25%, 03/15/21 (Call 03/15/16)b	USD		50		51,687
5.25%, 09/30/22 (Call 09/30/17)	USD		100		101,250
5.38%, 05/01/25 (Call 05/01/20)a	USD		50		49,375

28

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
5.75%, 09/01/23 (Call 03/01/18)b	USD	$	50	$	51,087
5.75%, 01/15/24 (Call 07/15/18)	USD		75		77,156
5.88%, 05/01/27 (Call 05/01/21)a	USD		100		98,500
6.50%, 04/30/21 (Call 02/29/16)b	USD		150		156,375
6.63%, 01/31/22 (Call 01/31/17)	USD		50		53,000
7.00%, 01/15/19 (Call 02/29/16)	USD		43		43,860
7.38%, 06/01/20 (Call 02/29/16)	USD		50		52,000
CCOH Safari LLC
5.75%, 02/15/26 (Call 02/15/21)a	USD		200		199,250
CDW LLC/CDW Finance Corp.
5.00%, 09/01/23 (Call 03/01/18)	USD		100		101,005
5.50%, 12/01/24 (Call 06/01/24)	USD		50		51,656
6.00%, 08/15/22 (Call 08/15/17)	USD		50		52,454
Centene Escrow Corp.
5.63%, 02/15/21a	USD		30		30,525
CenturyLink Inc.
Series V
5.63%, 04/01/20	USD		75		73,125
5.63%, 04/01/25 (Call 01/01/25)	USD		50		42,638
5.80%, 03/15/22	USD		100		92,619
6.00%, 04/01/17	USD		50		51,706
6.45%, 06/15/21	USD		150		146,625
Series W
6.75%, 12/01/23b	USD		50		47,063
Cequel Communications Holdings I LLC/Cequel Capital Corp.
5.13%, 12/15/21 (Call 06/15/16)a,b	USD		50		45,000
5.13%, 12/15/21 (Call 06/15/16)a	USD		50		45,063
6.38%, 09/15/20 (Call 02/29/16)a	USD		200		193,495

Security		Principal (000s)		Value
Chaparral Energy Inc.
7.63%, 11/15/22 (Call 05/15/17)	USD	$	75	$	11,625
Chemours Co. (The)
6.63%, 05/15/23 (Call 05/15/18)a	USD		100		62,500
7.00%, 05/15/25 (Call 05/15/20)a	USD		50		29,844
Chesapeake Energy Corp.
8.00%, 12/15/22 (Call 12/15/18)a	USD		389		166,297
CHS/Community Health Systems Inc.
5.13%, 08/15/18 (Call 02/29/16)	USD		100		100,375
5.13%, 08/01/21 (Call 02/01/17)	USD		75		75,375
6.88%, 02/01/22 (Call 02/01/18)	USD		275		249,562
7.13%, 07/15/20 (Call 07/15/16)b	USD		100		96,000
8.00%, 11/15/19 (Call 02/29/16)b	USD		150		149,250
Cinemark USA Inc.
4.88%, 06/01/23 (Call 06/01/18)	USD		50		49,438
5.13%, 12/15/22 (Call 12/15/17)	USD		25		25,010
CIT Group Inc.
3.88%, 02/19/19b	USD		100		98,950
4.25%, 08/15/17	USD		100		101,148
5.00%, 05/15/17b	USD		100		102,337
5.00%, 08/15/22b	USD		100		101,000
5.00%, 08/01/23	USD		50		49,844
5.25%, 03/15/18	USD		100		103,062
5.38%, 05/15/20	USD		50		51,625
5.50%, 02/15/19a	USD		150		154,875
6.63%, 04/01/18a	USD		50		52,725
Citgo Holding Inc.
10.75%, 02/15/20a	USD		100		92,929
Claire’s Stores Inc.
8.88%, 03/15/19 (Call 02/29/16)	USD		25		5,028

29

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
9.00%, 03/15/19 (Call 02/29/16)a	USD	$	100	$	59,000
Clean Harbors Inc.
5.13%, 06/01/21 (Call 12/01/16)	USD		50		50,250
5.25%, 08/01/20 (Call 08/01/16)b	USD		50		51,093
Clear Channel Worldwide Holdings Inc.
6.50%, 11/15/22 (Call 11/15/17)			200		181,937
Series B
7.63%, 03/15/20 (Call 02/29/16)	USD		150		122,625
Cliffs Natural Resources Inc.
7.75%, 03/31/20 (Call 03/31/17)a,b	USD		57		9,548
8.25%, 03/31/20 (Call 03/31/18)a,b	USD		50		35,688
CNH Industrial Capital LLC
3.25%, 02/01/17b	USD		50		49,750
3.38%, 07/15/19b	USD		50		46,469
3.63%, 04/15/18	USD		50		48,433
3.88%, 07/16/18	USD		50		47,625
4.38%, 11/06/20b	USD		40		38,000
Commercial Metals Co.
7.35%, 08/15/18	USD		50		51,162
CommScope Inc.
4.38%, 06/15/20 (Call 06/15/17)a	USD		50		51,000
5.00%, 06/15/21 (Call 06/15/17)a,b	USD		50		48,750
5.50%, 06/15/24 (Call 06/15/19)a	USD		50		48,063
CommScope Technologies Finance LLC
6.00%, 06/15/25 (Call 06/15/20)a	USD		105		102,112
Communications Sales & Leasing Inc./CSL Capital LLC
6.00%, 04/15/23 (Call 04/15/18)a,b	USD		25		23,813
8.25%, 10/15/23 (Call 04/15/19)b	USD		100		88,250

Security		Principal (000s)		Value
Comstock Resources Inc.
10.00%, 03/15/20 (Call 03/15/16)a	USD	$	50	$	19,375
Concho Resources Inc.
5.50%, 10/01/22 (Call 10/01/17)b	USD		50		45,375
5.50%, 04/01/23 (Call 10/01/17)b	USD		125		113,530
6.50%, 01/15/22 (Call 01/15/17)	USD		75		70,207
7.00%, 01/15/21 (Call 02/29/16)	USD		50		48,656
CONSOL Energy Inc.
5.88%, 04/15/22 (Call 04/15/17)b	USD		150		96,937
8.00%, 04/01/23 (Call 04/01/18)b	USD		25		16,039
Constellation Brands Inc.
4.25%, 05/01/23	USD		100		101,905
4.75%, 11/15/24b	USD		50		52,187
4.75%, 12/01/25	USD		25		25,794
6.00%, 05/01/22	USD		50		55,500
7.25%, 05/15/17	USD		100		106,125
Covanta Holding Corp.
5.88%, 03/01/24 (Call 03/01/19)	USD		75		65,437
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
6.00%, 12/15/20 (Call 12/15/16)	USD		50		31,813
6.13%, 03/01/22 (Call 11/01/16)b	USD		50		30,833
6.25%, 04/01/23 (Call 04/01/18)a	USD		50		30,375
Crimson Merger Sub Inc.
6.63%, 05/15/22 (Call 05/15/17)a	USD		100		64,500
Crown Americas LLC/Crown Americas Capital Corp. III
6.25%, 02/01/21 (Call 02/29/16)	USD		50		51,750

30

Schedule of Investments(Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
Crown Americas LLC/Crown Americas Capital Corp. IV
4.50%, 01/15/23b	USD	$	75	$	74,250
Crown Castle International Corp.
4.88%, 04/15/22	USD		75		78,656
Crown European Holdings SA
4.00%, 07/15/22 (Call 04/15/22)c	EUR		100		110,398
CSC Holdings LLC
5.25%, 06/01/24b	USD		75		66,187
6.75%, 11/15/21	USD		75		74,100
8.63%, 02/15/19	USD		50		53,005
Dana Holding Corp.
5.38%, 09/15/21 (Call 09/15/16)b	USD		50		48,822
5.50%, 12/15/24 (Call 12/15/19)b	USD		25		22,453
Darling Global Finance BV
4.75%, 05/30/22 (Call 05/30/18)c	EUR		100		102,010
DaVita HealthCare Partners Inc.
5.00%, 05/01/25 (Call 05/01/20)b	USD		120		117,750
5.13%, 07/15/24 (Call 07/15/19)	USD		125		125,625
5.75%, 08/15/22 (Call 08/15/17)	USD		100		103,290
DCP Midstream LLC
5.85%, 05/21/43 (Call 05/21/23)a,d	USD		50		29,000
DCP Midstream Operating LP
2.50%, 12/01/17 (Call 11/01/17)	USD		50		45,000
3.88%, 03/15/23 (Call 12/15/22)	USD		50		33,750
Dell Inc.
4.63%, 04/01/21	USD		25		23,355
5.65%, 04/15/18	USD		50		51,719
5.88%, 06/15/19	USD		50		50,969
Denbury Resources Inc.
4.63%, 07/15/23 (Call 01/15/18)	USD		100		33,250
5.50%, 05/01/22 (Call 05/01/17)b	USD		125		43,750

Security		Principal (000s)		Value
6.38%, 08/15/21 (Call 08/15/16)	USD	$	50	$	18,043
DISH DBS Corp.
4.25%, 04/01/18	USD		100		100,091
4.63%, 07/15/17b	USD		50		50,928
5.00%, 03/15/23	USD		150		130,500
5.13%, 05/01/20	USD		75		74,437
5.88%, 07/15/22	USD		150		141,187
5.88%, 11/15/24b	USD		150		133,687
6.75%, 06/01/21b	USD		150		153,000
7.88%, 09/01/19	USD		150		162,750
DJO Finco Inc./DJO Finance LLC/DJO Finance Corp.
8.13%, 06/15/21 (Call 06/15/18)a	USD		75		63,375
Dollar Tree Inc.
5.25%, 03/01/20 (Call 03/01/17)a,b	USD		50		52,500
5.75%, 03/01/23 (Call 03/01/18)a,b	USD		200		210,750
DPL Inc.
7.25%, 10/15/21 (Call 07/15/21)	USD		100		95,466
DR Horton Inc.
3.63%, 02/15/18 (Call 11/15/17)b	USD		50		50,550
4.00%, 02/15/20b	USD		100		99,932
Dynegy Inc.
5.88%, 06/01/23 (Call 06/01/18)	USD		50		39,471
6.75%, 11/01/19 (Call 05/01/17)b	USD		200		191,500
7.38%, 11/01/22 (Call 11/01/18)	USD		125		109,939
7.63%, 11/01/24 (Call 11/01/19)b	USD		100		87,750
Eagle Spinco Inc.
4.63%, 02/15/21 (Call 02/15/18)b	USD		100		88,000
Edgewell Personal Care Co.
4.70%, 05/19/21	USD		50		50,875
4.70%, 05/24/22	USD		50		50,500

31

Schedule of Investments(Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
Endo Finance LLC
5.75%, 01/15/22 (Call 01/15/17)a,b	USD	$	50	$	49,559
Endo Finance LLC/Endo Finco Inc.
5.38%, 01/15/23 (Call 07/15/17)a	USD		75		74,625
Endo Ltd./Endo Finance LLC/Endo Finco Inc.
6.00%, 02/01/25 (Call 02/01/20)a,b	USD		200		196,500
Energy Transfer Equity LP
5.50%, 06/01/27 (Call 03/01/27)	USD		75		52,895
5.88%, 01/15/24 (Call 10/15/23)	USD		75		58,312
7.50%, 10/15/20	USD		100		88,000
Energy XXI Gulf Coast Inc.
6.88%, 03/15/24 (Call 03/15/19)	USD		25		1,125
9.25%, 12/15/17 (Call 02/29/16)	USD		50		4,049
11.00%, 03/15/20 (Call 09/15/17)a	USD		150		37,688
EP Energy LLC/Everest Acquisition Finance Inc.
6.38%, 06/15/23 (Call 06/15/18)	USD		50		17,375
9.38%, 05/01/20 (Call 05/01/16)	USD		150		63,750
Equinix Inc.
4.88%, 04/01/20 (Call 04/01/17)b	USD		75		78,000
5.38%, 01/01/22 (Call 01/01/18)b	USD		80		83,400
5.38%, 04/01/23 (Call 04/01/18)	USD		100		103,500
5.75%, 01/01/25 (Call 01/01/20)	USD		50		51,500
5.88%, 01/15/26 (Call 01/15/21)	USD		75		77,625
Felcor Lodging LP
5.63%, 03/01/23 (Call 03/01/18)	USD		50		49,810

Security		Principal (000s)		Value
6.00%, 06/01/25 (Call 06/01/20)	USD	$	25	$	25,344
Ferrellgas LP/Ferrellgas Finance Corp.
6.50%, 05/01/21 (Call 05/01/16)	USD		50		39,500
6.75%, 01/15/22 (Call 11/15/16)	USD		50		39,625
6.75%, 06/15/23 (Call 06/15/19)a	USD		25		19,110
Fifth Third Bancorp.
5.10%, 12/29/49 (Call 06/30/23)d	USD		50		44,823
First Data Corp.
5.00%, 01/15/24 (Call 01/15/19)a	USD		40		40,079
5.38%, 08/15/23 (Call 08/15/18)a,b	USD		100		102,000
5.75%, 01/15/24 (Call 01/15/19)a,b	USD		185		183,585
6.75%, 11/01/20 (Call 02/29/16)a,b	USD		97		102,214
7.00%, 12/01/23 (Call 12/01/18)a,b	USD		275		277,922
FirstEnergy Corp.
Series A
2.75%, 03/15/18 (Call 02/15/18)	USD		50		50,078
Series B
4.25%, 03/15/23 (Call 12/15/22)	USD		50		51,233
FirstEnergy Transmission LLC
4.35%, 01/15/25 (Call 10/15/24)a	USD		50		51,295
Florida East Coast Holdings Corp.
6.75%, 05/01/19 (Call 05/01/16)a	USD		75		68,437
Frontier Communications Corp.
6.25%, 09/15/21 (Call 06/15/21)	USD		100		83,500
6.88%, 01/15/25 (Call 10/15/24)	USD		100		79,750
7.13%, 01/15/23b	USD		50		41,750

32

Schedule of Investments(Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
7.63%, 04/15/24	USD	$	50	$	41,750
8.13%, 10/01/18b	USD		50		51,125
8.25%, 04/15/17	USD		50		52,250
8.50%, 04/15/20	USD		100		99,312
8.75%, 04/15/22	USD		50		45,000
8.88%, 09/15/20 (Call 06/15/20)a	USD		75		75,281
9.25%, 07/01/21	USD		50		48,000
10.50%, 09/15/22 (Call 06/15/22)a	USD		150		145,875
11.00%, 09/15/25 (Call 06/15/25)a	USD		250		241,562
Gates Global LLC/Gates Global Co.
6.00%, 07/15/22 (Call 07/15/17)a	USD		75		55,312
Genesis Energy LP/Genesis Energy Finance Corp.
6.00%, 05/15/23 (Call 05/15/18)	USD		50		37,500
6.75%, 08/01/22 (Call 08/01/18)	USD		50		41,000
GenOn Energy Inc.
7.88%, 06/15/17b	USD		50		40,375
9.50%, 10/15/18	USD		50		35,258
9.88%, 10/15/20 (Call 02/29/16)	USD		50		33,688
Genworth Holdings Inc.
4.90%, 08/15/23	USD		75		44,438
6.52%, 05/22/18	USD		50		40,750
7.63%, 09/24/21	USD		50		33,535
7.70%, 06/15/20	USD		50		38,063
GLP Capital LP/GLP Financing II Inc.
4.38%, 11/01/18 (Call 08/01/18)b	USD		50		50,244
4.88%, 11/01/20 (Call 08/01/20)b	USD		75		73,500
5.38%, 11/01/23 (Call 08/01/23)	USD		50		47,795

Security		Principal (000s)		Value
Goodyear Tire & Rubber Co. (The)
5.13%, 11/15/23 (Call 11/15/18)	USD	$	125	$	127,812
6.50%, 03/01/21 (Call 03/01/16)	USD		100		104,843
7.00%, 05/15/22 (Call 05/15/17)	USD		50		53,350
Halcon Resources Corp.
8.63%, 02/01/20 (Call 02/01/17)a,b	USD		50		31,420
13.00%, 02/15/22 (Call 08/15/18)a	USD		75		18,469
Hanesbrands Inc.
6.38%, 12/15/20 (Call 02/29/16)	USD		50		51,687
Harland Clarke Holdings Corp.
9.25%, 03/01/21 (Call 03/01/17)a	USD		50		34,625
HCA Holdings Inc.
6.25%, 02/15/21	USD		75		78,469
HCA Inc.
3.75%, 03/15/19	USD		100		101,000
4.25%, 10/15/19	USD		50		51,315
4.75%, 05/01/23	USD		100		100,187
5.00%, 03/15/24	USD		150		151,125
5.25%, 04/15/25	USD		200		205,000
5.38%, 02/01/25	USD		275		278,437
5.88%, 03/15/22	USD		100		107,000
5.88%, 05/01/23b	USD		100		104,250
5.88%, 02/15/26 (Call 08/15/25)b	USD		75		76,500
6.50%, 02/15/20	USD		200		219,750
7.50%, 02/15/22b	USD		150		166,596
HD Supply Inc.
5.25%, 12/15/21 (Call 12/15/17)a,b	USD		150		154,500
7.50%, 07/15/20 (Call 10/15/16)	USD		100		103,853
11.50%, 07/15/20 (Call 10/15/16)	USD		75		82,687
HealthSouth Corp.
5.75%, 11/01/24 (Call 11/01/17)	USD		75		73,838

33

Schedule of Investments(Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
Hertz Corp. (The)
5.88%, 10/15/20 (Call 02/29/16)b	USD	$	50	$	49,094
6.25%, 10/15/22 (Call 10/15/17)b	USD		50		48,625
6.75%, 04/15/19 (Call 02/29/16)	USD		150		150,000
Hertz Holdings Netherlands BV
4.38%, 01/15/19c	EUR		100		108,368
Hexion Inc.
6.63%, 04/15/20 (Call 02/29/16)b	USD		125		97,187
8.88%, 02/01/18 (Call 02/29/16)	USD		75		51,375
Hexion Inc./Hexion Nova Scotia Finance ULC
9.00%, 11/15/20 (Call 03/03/16)	USD		50		18,536
Hilcorp Energy I LP/Hilcorp Finance Co.
5.00%, 12/01/24 (Call 06/01/19)a	USD		50		38,750
5.75%, 10/01/25 (Call 04/01/20)a	USD		25		19,563
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.
5.63%, 10/15/21 (Call 10/15/16)	USD		100		103,000
Hologic Inc.
5.25%, 07/15/22 (Call 07/15/18)a	USD		75		77,625
HRG Group Inc.
7.75%, 01/15/22 (Call 01/15/17)	USD		75		71,250
7.88%, 07/15/19 (Call 02/29/16)	USD		50		52,187
HUB International Ltd.
7.88%, 10/01/21 (Call 10/01/16)a	USD		100		87,750
Hughes Satellite Systems Corp.
6.50%, 06/15/19	USD		90		98,543
7.63%, 06/15/21	USD		125		134,297

Security		Principal (000s)		Value
Huntington Ingalls Industries Inc.
5.00%, 12/15/21 (Call 12/15/17)a	USD	$	50	$	51,526
5.00%, 11/15/25 (Call 11/15/20)a	USD		50		51,375
Huntsman International LLC
4.88%, 11/15/20 (Call 08/15/20)b	USD		25		22,168
5.13%, 04/15/21 (Call 01/15/21)	EUR		100		98,361
5.13%, 11/15/22 (Call 08/15/22)a,b	USD		50		43,125
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
3.50%, 03/15/17 (Call 02/15/17)b	USD		100		99,050
4.88%, 03/15/19 (Call 07/15/16)	USD		100		92,468
5.88%, 02/01/22 (Call 08/01/17)b	USD		125		111,562
6.00%, 08/01/20 (Call 02/01/17)b	USD		100		94,757
iHeartCommunications Inc.
9.00%, 12/15/19 (Call 02/29/16)b	USD		125		85,312
9.00%, 03/01/21 (Call 03/01/16)	USD		150		97,614
9.00%, 09/15/22 (Call 09/15/17)	USD		100		65,000
10.00%, 01/15/18 (Call 07/15/16)b	USD		50		19,875
10.63%, 03/15/23 (Call 03/15/18)	USD		75		48,938
11.25%, 03/01/21 (Call 03/01/16)	USD		50		33,375
Infor U.S. Inc.
5.75%, 08/15/20 (Call 08/15/17)a	USD		100		101,000
6.50%, 05/15/22 (Call 05/15/18)a,b	USD		150		129,696
International Game Technology
7.50%, 06/15/19b	USD		25		26,688

34

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
International Game Technology PLC
4.13%, 02/15/20 (Call 11/15/19)c	EUR	$	100	$	107,480
4.75%, 02/15/23 (Call 08/15/22)c	EUR		100		101,991
6.25%, 02/15/22 (Call 08/15/21)a	USD		250		240,625
International Lease Finance Corp.
3.88%, 04/15/18	USD		100		99,000
5.88%, 04/01/19	USD		50		51,941
5.88%, 08/15/22b	USD		75		77,670
6.25%, 05/15/19	USD		100		104,586
8.25%, 12/15/20b	USD		100		114,071
inVentiv Health Inc.
9.00%, 01/15/18 (Call 02/29/16)a	USD		50		50,500
Iron Mountain Inc.
5.75%, 08/15/24 (Call 08/15/17)	USD		100		98,060
6.00%, 08/15/23 (Call 08/15/18)	USD		50		52,029
iStar Inc.
4.00%, 11/01/17 (Call 08/01/17)	USD		50		47,125
5.00%, 07/01/19 (Call 07/01/16)	USD		50		47,000
Jaguar Holding Co. II/Pharmaceutical Product Development LLC
6.38%, 08/01/23 (Call 08/01/18)a	USD		100		98,525
JC Penney Corp. Inc.
5.65%, 06/01/20b	USD		50		41,231
8.13%, 10/01/19b	USD		25		23,013
K. Hovnanian Enterprises Inc.
7.25%, 10/15/20 (Call 02/29/16)a	USD		50		40,000
KB Home
4.75%, 05/15/19 (Call 02/15/19)	USD		25		23,864
7.00%, 12/15/21 (Call 09/15/21)b	USD		50		46,908

Security		Principal (000s)		Value
Kindred Healthcare Inc.
6.38%, 04/15/22 (Call 04/15/17)	USD	$	100	$	81,000
8.00%, 01/15/20	USD		50		45,500
8.75%, 01/15/23 (Call 01/15/18)	USD		50		44,375
Kinetic Concepts Inc./KCI USA Inc.
10.50%, 11/01/18 (Call 02/29/16)	USD		125		121,094
12.50%, 11/01/19 (Call 02/29/16)	USD		50		44,603
KLX Inc.
5.88%, 12/01/22 (Call 12/01/17)a,b	USD		150		141,975
L Brands Inc.
5.63%, 02/15/22b	USD		75		80,437
5.63%, 10/15/23	USD		50		53,020
6.63%, 04/01/21	USD		75		83,156
6.90%, 07/15/17	USD		50		53,335
7.00%, 05/01/20	USD		25		28,125
8.50%, 06/15/19	USD		50		58,073
Lamar Media Corp.
5.00%, 05/01/23 (Call 05/01/18)	USD		50		50,000
5.38%, 01/15/24 (Call 01/15/19)	USD		50		50,813
5.88%, 02/01/22 (Call 02/01/17)b	USD		25		26,031
Laredo Petroleum Inc.
5.63%, 01/15/22 (Call 01/15/17)b	USD		25		17,875
7.38%, 05/01/22 (Call 05/01/17)	USD		100		74,750
Laureate Education Inc.
9.25%, 09/01/19 (Call 02/29/16)a,b	USD		100		54,000
Lear Corp.
4.75%, 01/15/23 (Call 01/15/18)b	USD		50		50,512
5.25%, 01/15/25 (Call 01/15/20)	USD		50		51,937

35

Schedule of Investments(Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
Leidos Holdings Inc.
4.45%, 12/01/20 (Call 09/01/20)	USD	$	50	$	48,967
Lennar Corp.
4.50%, 06/15/19 (Call 04/16/19)	USD		25		25,519
4.50%, 11/15/19 (Call 08/15/19)	USD		50		51,375
4.75%, 11/15/22 (Call 08/15/22)	USD		50		48,780
4.75%, 05/30/25 (Call 02/28/25)	USD		50		47,522
4.88%, 12/15/23 (Call 09/15/23)	USD		30		29,244
Leucadia National Corp.
5.50%, 10/18/23 (Call 01/18/23)	USD		100		95,417
Level 3 Communications Inc.
5.75%, 12/01/22 (Call 12/01/17)b	USD		50		51,500
Level 3 Financing Inc.
5.13%, 05/01/23 (Call 05/01/18)b	USD		50		50,000
5.38%, 08/15/22 (Call 08/15/17)	USD		125		127,344
5.38%, 01/15/24 (Call 01/15/19)a	USD		75		75,750
5.38%, 05/01/25 (Call 05/01/20)b	USD		50		49,875
5.63%, 02/01/23 (Call 02/01/18)b	USD		50		51,125
6.13%, 01/15/21 (Call 11/15/16)	USD		50		52,437
Levi Strauss & Co.
5.00%, 05/01/25 (Call 05/01/20)b	USD		50		49,283
6.88%, 05/01/22 (Call 05/01/17)	USD		50		52,841
LifePoint Health Inc.
5.50%, 12/01/21 (Call 12/01/16)	USD		75		76,125
5.88%, 12/01/23 (Call 12/01/18)	USD		40		41,450

Security		Principal (000s)		Value
6.63%, 10/01/20 (Call 02/29/16)b	USD	$	50	$	51,717
Linn Energy LLC/Linn Energy Finance Corp.
6.50%, 09/15/21 (Call 09/15/17)	USD		50		5,626
7.75%, 02/01/21 (Call 02/29/16)	USD		50		6,000
8.63%, 04/15/20 (Call 02/29/16)b	USD		100		14,000
12.00%, 12/15/20 (Call 12/15/18)a	USD		87		31,338
Mallinckrodt International Finance SA
4.75%, 04/15/23	USD		50		43,500
Mallinckrodt International Finance SA/Mallinckrodt CB LLC
4.88%, 04/15/20 (Call 04/15/17)a,b	USD		50		47,531
5.50%, 04/15/25 (Call 04/15/20)a	USD		50		45,125
5.63%, 10/15/23 (Call 10/15/18)a,b	USD		50		46,500
5.75%, 08/01/22 (Call 08/01/17)a,b	USD		100		95,500
Masco Corp.
4.45%, 04/01/25 (Call 01/01/25)	USD		50		49,625
5.95%, 03/15/22	USD		50		54,500
McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance
9.75%, 04/01/21 (Call 04/01/16)	USD		50		53,000
Memorial Production Partners LP/Memorial Production Finance Corp.
6.88%, 08/01/22 (Call 08/01/17)	USD		100		27,000
7.63%, 05/01/21 (Call 05/01/17)	USD		50		15,500

36

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
MGM Resorts International
5.25%, 03/31/20b	USD	$	125	$	124,453
6.00%, 03/15/23b	USD		100		99,687
6.63%, 12/15/21	USD		50		51,500
6.75%, 10/01/20	USD		100		104,250
7.75%, 03/15/22	USD		100		106,250
8.63%, 02/01/19	USD		100		111,091
Michaels Stores Inc.
5.88%, 12/15/20 (Call 12/15/16)a,b	USD		50		51,395
Micron Technology Inc.
5.25%, 08/01/23 (Call 02/01/18)a	USD		100		80,750
5.25%, 01/15/24 (Call 05/01/18)a	USD		50		40,475
5.50%, 02/01/25 (Call 08/01/19)	USD		140		110,600
5.63%, 01/15/26 (Call 05/01/20)a	USD		25		19,375
5.88%, 02/15/22 (Call 02/15/17)	USD		50		44,750
Midstates Petroleum Co Inc.
10.00%, 06/01/20 (Call 06/01/17)b	USD		50		14,264
MPH Acquisition Holdings LLC
6.63%, 04/01/22 (Call 04/01/17)a,b	USD		75		74,250
MPT Operating Partnership LP/MPT Finance Corp.
4.00%, 08/19/22 (Call 05/19/22)	EUR		100		108,744
MSCI Inc.
5.25%, 11/15/24 (Call 11/15/19)a,b	USD		100		103,000
5.75%, 08/15/25 (Call 08/15/20)a	USD		75		78,750
Murray Energy Corp.
11.25%, 04/15/21 (Call 04/15/18)a	USD		100		13,250
Nationstar Mortgage LLC/Nationstar Capital Corp.
6.50%, 08/01/18 (Call 02/29/16)	USD		50		47,750

Security		Principal (000s)		Value
6.50%, 07/01/21 (Call 01/01/17)	USD	$	75	$	66,375
Navient Corp.
4.63%, 09/25/17b	USD		50		49,000
4.88%, 06/17/19b	USD		50		45,750
5.00%, 10/26/20b	USD		50		43,125
5.50%, 01/15/19	USD		100		94,250
5.50%, 01/25/23b	USD		100		81,250
5.88%, 03/25/21b	USD		50		43,250
5.88%, 10/25/24	USD		25		19,750
6.13%, 03/25/24	USD		50		41,125
7.25%, 01/25/22	USD		50		44,000
8.00%, 03/25/20	USD		100		98,250
8.45%, 06/15/18	USD		250		257,812
Navios Maritime Holdings Inc./Navios Maritime Finance II U.S. Inc.
7.38%, 01/15/22 (Call 01/15/17)a	USD		50		18,000
Navistar International Corp.
8.25%, 11/01/21 (Call 02/29/16)	USD		100		61,881
NBTY Inc.
9.00%, 10/01/18 (Call 02/29/16)	USD		50		51,200
NCL Corp. Ltd.
4.63%, 11/15/20 (Call 11/15/17)a	USD		100		97,250
NCR Corp.
4.63%, 02/15/21 (Call 02/15/17)	USD		50		47,375
5.00%, 07/15/22 (Call 07/15/17)	USD		50		47,250
6.38%, 12/15/23 (Call 12/15/18)	USD		75		73,687
Neiman Marcus Group Ltd. LLC
8.00%, 10/15/21 (Call 10/15/16)a,b	USD		75		55,500
Netflix Inc.
5.50%, 02/15/22a	USD		50		51,157
5.75%, 03/01/24	USD		50		51,400
5.88%, 02/15/25a	USD		100		103,125

37

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
Newfield Exploration Co.
5.38%, 01/01/26 (Call 10/01/25)b	USD	$	50	$	40,125
5.63%, 07/01/24b	USD		75		62,812
5.75%, 01/30/22	USD		75		65,089
NGL Energy Partners LP/NGL Energy Finance Corp.
5.13%, 07/15/19 (Call 06/15/19)	USD		75		54,964
NGPL PipeCo LLC
7.12%, 12/15/17a	USD		100		94,500
9.63%, 06/01/19 (Call 02/29/16)a,b	USD		50		46,875
Nielsen Co. Luxembourg Sarl (The)
5.50%, 10/01/21 (Call 10/01/16)a,b	USD		50		51,375
Nielsen Finance LLC/Nielsen Finance Co.
4.50%, 10/01/20 (Call 10/01/16)	USD		75		75,679
5.00%, 04/15/22 (Call 04/15/17)a	USD		175		176,860
Novelis Inc.
8.38%, 12/15/17 (Call 02/29/16)b	USD		50		48,000
8.75%, 12/15/20 (Call 02/29/16)b	USD		125		112,500
NRG Energy Inc.
6.25%, 07/15/22 (Call 07/15/18)	USD		100		82,250
6.25%, 05/01/24 (Call 05/01/19)b	USD		75		59,812
6.63%, 03/15/23 (Call 09/15/17)	USD		75		62,062
7.63%, 01/15/18	USD		100		101,000
7.88%, 05/15/21 (Call 05/15/16)	USD		150		130,500
8.25%, 09/01/20 (Call 02/29/16)b	USD		50		45,375
Nuance Communications Inc.
5.38%, 08/15/20 (Call 08/15/16)a	USD		100		100,000

Security		Principal (000s)		Value
NuStar Logistics LP
4.80%, 09/01/20	USD	$	50	$	42,609
Oasis Petroleum Inc.
6.88%, 03/15/22 (Call 09/15/17)b	USD		125		72,500
7.25%, 02/01/19 (Call 02/29/16)	USD		50		30,375
OneMain Financial Holdings Inc.
6.75%, 12/15/19 (Call 12/15/16)a	USD		75		73,969
7.25%, 12/15/21 (Call 12/15/17)a	USD		100		99,000
ONEOK Inc.
4.25%, 02/01/22 (Call 11/02/21)	USD		50		34,551
7.50%, 09/01/23 (Call 06/01/23)	USD		25		20,334
Outfront Media Capital LLC/Outfront Media Capital Corp.
5.25%, 02/15/22 (Call 02/15/17)	USD		25		25,552
5.88%, 03/15/25 (Call 09/15/19)b	USD		75		76,010
Owens-Brockway Glass Container Inc.
5.00%, 01/15/22a	USD		50		48,000
5.88%, 08/15/23a,b	USD		50		48,875
Pacific Drilling SA
5.38%, 06/01/20 (Call 06/01/16)a,b	USD		150		36,000
PBF Holding Co. LLC
7.00%, 11/15/23 (Call 11/15/18)a	USD		65		58,825
Peabody Energy Corp.
6.00%, 11/15/18	USD		150		13,875
6.25%, 11/15/21	USD		100		5,321
6.50%, 09/15/20	USD		50		2,719
10.00%, 03/15/22 (Call 03/15/18)a,b	USD		60		6,360
Penn Virginia Corp.
8.50%, 05/01/20 (Call 05/01/17)	USD		50		8,125

38

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
Petco Animal Supplies Inc.
9.25%, 12/01/18 (Call 02/25/16)a	USD	$	50	$	51,313
Pinnacle Entertainment Inc.
6.38%, 08/01/21 (Call 08/01/16)	USD		65		68,900
7.50%, 04/15/21 (Call 02/29/16)	USD		100		103,750
Platform Specialty Products Corp.
6.50%, 02/01/22 (Call 02/01/18)a,b	USD		75		58,875
10.38%, 05/01/21 (Call 05/01/18)a	USD		50		46,625
Post Holdings Inc.
6.00%, 12/15/22 (Call 06/15/18)a	USD		50		49,313
6.75%, 12/01/21 (Call 12/01/17)a	USD		50		51,906
7.38%, 02/15/22 (Call 02/15/17)b	USD		125		131,875
7.75%, 03/15/24 (Call 09/15/18)a	USD		75		79,673
8.00%, 07/15/25 (Call 07/15/20)a	USD		25		26,875
QEP Resources Inc.
5.25%, 05/01/23 (Call 02/01/23)	USD		50		33,063
5.38%, 10/01/22 (Call 07/01/22)b	USD		50		33,994
6.88%, 03/01/21	USD		50		38,125
Qorvo Inc.
6.75%, 12/01/23 (Call 12/01/18)a	USD		25		24,625
7.00%, 12/01/25 (Call 12/01/20)a,b	USD		50		49,375
Quicken Loans Inc.
5.75%, 05/01/25 (Call 05/01/20)a	USD		160		150,179
QVC Inc.
3.13%, 04/01/19	USD		25		24,915
4.38%, 03/15/23	USD		100		95,850
4.45%, 02/15/25 (Call 11/15/24)	USD		50		46,197

Security		Principal (000s)		Value
4.85%, 04/01/24	USD	$	50	$	47,822
5.13%, 07/02/22	USD		50		50,523
Range Resources Corp.
4.88%, 05/15/25 (Call 02/15/25)a,b	USD		50		40,766
5.00%, 08/15/22 (Call 02/15/17)	USD		75		58,500
5.00%, 03/15/23 (Call 03/15/18)b	USD		25		19,500
5.75%, 06/01/21 (Call 06/01/16)	USD		50		40,913
Realogy Group LLC/Realogy Co-Issuer Corp.
4.50%, 04/15/19a	USD		50		50,739
Regal Entertainment Group
5.75%, 03/15/22 (Call 03/15/17)b	USD		50		50,094
Rite Aid Corp.
6.13%, 04/01/23 (Call 04/01/18)a,b	USD		150		158,070
6.75%, 06/15/21 (Call 06/15/16)	USD		75		78,844
9.25%, 03/15/20 (Call 03/15/16)b	USD		50		52,792
Rockies Express Pipeline LLC
5.63%, 04/15/20a	USD		50		44,500
6.00%, 01/15/19a,b	USD		50		47,000
6.85%, 07/15/18a	USD		50		48,204
Royal Caribbean Cruises Ltd.
5.25%, 11/15/22b	USD		50		51,438
RR Donnelley & Sons Co.
6.00%, 04/01/24	USD		25		21,031
7.00%, 02/15/22	USD		25		23,191
7.88%, 03/15/21b	USD		50		49,700
Sabine Pass Liquefaction LLC
5.63%, 02/01/21 (Call 11/01/20)	USD		100		92,000
5.63%, 04/15/23 (Call 01/15/23)	USD		100		88,000
5.63%, 03/01/25 (Call 12/01/24)b	USD		175		150,937
5.75%, 05/15/24 (Call 02/15/24)	USD		200		175,000

39

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
6.25%, 03/15/22 (Call 12/15/21)	USD	$	100	$	92,375
Sabine Pass LNG LP
6.50%, 11/01/20 (Call 11/01/16)	USD		50		51,688
Sabre GLBL Inc.
5.25%, 11/15/23 (Call 11/15/18)a	USD		50		49,375
Sally Holdings LLC/Sally Capital Inc.
5.63%, 12/01/25 (Call 12/01/20)b	USD		30		30,938
5.75%, 06/01/22 (Call 06/01/17)	USD		100		103,875
Sanchez Energy Corp.
6.13%, 01/15/23 (Call 07/15/18)	USD		75		30,075
7.75%, 06/15/21 (Call 06/15/17)	USD		50		21,000
SandRidge Energy Inc.
8.75%, 06/01/20 (Call 06/01/17)a	USD		100		18,750
SBA Communications Corp.
4.88%, 07/15/22 (Call 07/15/17)	USD		75		75,103
5.63%, 10/01/19 (Call 10/01/16)	USD		50		51,750
SBA Telecommunications Inc.
5.75%, 07/15/20 (Call 07/15/16)	USD		50		51,750
Scientific Games International Inc.
7.00%, 01/01/22 (Call 01/01/18)a	USD		75		70,473
10.00%, 12/01/22 (Call 12/01/18)	USD		150		104,062
Sealed Air Corp.
4.88%, 12/01/22 (Call 09/01/22)a	USD		50		50,161
5.13%, 12/01/24 (Call 09/01/24)a	USD		25		24,972
5.25%, 04/01/23 (Call 01/01/23)a	USD		50		50,250

Security		Principal (000s)		Value
5.50%, 09/15/25 (Call 06/15/25)a	USD	$	25	$	25,460
Service Corp. International/U.S.
5.38%, 01/15/22 (Call 07/15/17)	USD		50		52,000
5.38%, 05/15/24 (Call 05/15/19)	USD		50		52,875
Seventy Seven Energy Inc.
6.50%, 07/15/22 (Call 07/15/17)b	USD		25		1,164
Seventy Seven Operating LLC
6.63%, 11/15/19 (Call 02/29/16)	USD		50		10,375
Sinclair Television Group Inc.
5.38%, 04/01/21 (Call 04/01/16)	USD		100		100,375
5.63%, 08/01/24 (Call 08/01/19)a	USD		50		48,809
6.13%, 10/01/22 (Call 10/01/17)	USD		50		51,500
Sirius XM Radio Inc.
4.25%, 05/15/20 (Call 05/15/16)a,b	USD		50		51,055
4.63%, 05/15/23 (Call 05/15/18)a,b	USD		50		48,963
5.38%, 04/15/25 (Call 04/15/20)a	USD		100		100,378
5.75%, 08/01/21 (Call 08/01/16)a,b	USD		50		51,875
5.88%, 10/01/20 (Call 10/01/16)a	USD		50		52,125
6.00%, 07/15/24 (Call 07/15/19)a	USD		125		130,781
SM Energy Co.
5.00%, 01/15/24 (Call 07/15/18)	USD		25		13,438
5.63%, 06/01/25 (Call 06/01/20)	USD		50		26,768
6.13%, 11/15/22 (Call 11/15/18)	USD		25		14,375
6.50%, 01/01/23 (Call 07/01/17)	USD		50		28,750

40

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
Smithfield Foods Inc.
5.25%, 08/01/18 (Call 02/29/16)a	USD	$	25	$	25,413
6.63%, 08/15/22 (Call 08/15/17)	USD		100		105,169
Spectrum Brands Inc.
5.75%, 07/15/25 (Call 07/15/20)a	USD		75		77,062
6.38%, 11/15/20 (Call 11/15/16)	USD		50		52,750
6.63%, 11/15/22 (Call 11/15/17)	USD		50		53,125
Springleaf Finance Corp.
5.25%, 12/15/19b	USD		50		45,372
6.90%, 12/15/17	USD		150		153,000
7.75%, 10/01/21	USD		50		47,125
Sprint Communications Inc.
6.00%, 11/15/22	USD		200		134,500
7.00%, 03/01/20a	USD		100		96,074
7.00%, 08/15/20	USD		100		73,620
8.38%, 08/15/17	USD		100		96,250
9.00%, 11/15/18a	USD		225		228,375
9.13%, 03/01/17	USD		100		99,750
11.50%, 11/15/21	USD		100		83,750
Sprint Corp.
7.13%, 06/15/24	USD		200		135,000
7.25%, 09/15/21	USD		250		180,781
7.63%, 02/15/25 (Call 11/15/24)	USD		100		68,000
7.88%, 09/15/23	USD		300		211,875
Steel Dynamics Inc.
5.13%, 10/01/21 (Call 10/01/17)b	USD		50		46,317
5.25%, 04/15/23 (Call 04/15/18)	USD		50		45,138
5.50%, 10/01/24 (Call 10/01/19)b	USD		25		22,487
6.13%, 08/15/19 (Call 08/15/16)	USD		50		49,786
Suburban Propane Partners LP/Suburban Energy Finance Corp.
5.50%, 06/01/24 (Call 06/01/19)	USD		50		41,524

Security		Principal (000s)		Value
Sunoco LP/Sunoco Finance Corp.
5.50%, 08/01/20 (Call 08/01/17)a	USD	$	50	$	46,875
6.38%, 04/01/23 (Call 04/01/18)a,b	USD		50		46,575
T-Mobile USA Inc.
6.00%, 03/01/23 (Call 09/01/18)b	USD		100		100,250
6.13%, 01/15/22 (Call 01/15/18)b	USD		100		101,350
6.25%, 04/01/21 (Call 04/01/17)	USD		100		102,000
6.38%, 03/01/25 (Call 09/01/19)	USD		125		125,000
6.46%, 04/28/19 (Call 02/09/16)	USD		150		153,000
6.50%, 01/15/24 (Call 01/15/19)	USD		100		101,481
6.50%, 01/15/26 (Call 01/15/21)b	USD		250		249,375
6.54%, 04/28/20 (Call 04/28/16)	USD		100		103,000
6.63%, 11/15/20 (Call 02/09/16)	USD		50		51,250
6.63%, 04/28/21 (Call 04/28/17)	USD		100		103,250
6.63%, 04/01/23 (Call 04/01/18)	USD		100		102,380
6.73%, 04/28/22 (Call 04/28/17)	USD		100		102,375
6.84%, 04/28/23 (Call 04/28/18)	USD		50		51,375
Talen Energy Supply LLC
4.60%, 12/15/21 (Call 09/15/21)	USD		50		27,344
4.63%, 07/15/19 (Call 07/15/16)a	USD		125		95,937
6.50%, 06/01/25b	USD		50		34,000
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.13%, 11/15/19 (Call 11/15/16)	USD		50		42,000

41

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
4.25%, 11/15/23 (Call 05/15/18)	USD	$	50	$	36,406
5.00%, 01/15/18 (Call 10/15/17)	USD		100		93,375
5.25%, 05/01/23 (Call 11/01/17)b	USD		50		38,875
6.75%, 03/15/24 (Call 09/15/19)a,b	USD		100		82,500
6.88%, 02/01/21 (Call 02/29/16)b	USD		25		21,630
Taylor Morrison Communities Inc./Monarch Communities Inc.
5.25%, 04/15/21 (Call 04/15/16)a	USD		50		47,000
TEGNA Inc.
5.13%, 10/15/19 (Call 10/15/16)	USD		75		78,000
6.38%, 10/15/23 (Call 10/15/18)	USD		75		78,942
Tenet Healthcare Corp.
4.38%, 10/01/21	USD		100		98,375
4.50%, 04/01/21	USD		100		98,630
5.00%, 03/01/19b	USD		100		94,000
5.50%, 03/01/19	USD		25		23,871
6.00%, 10/01/20	USD		100		105,250
6.25%, 11/01/18	USD		100		105,125
6.75%, 06/15/23b	USD		150		138,948
8.00%, 08/01/20 (Call 02/29/16)	USD		50		50,125
8.13%, 04/01/22	USD		250		250,625
Terex Corp.
6.00%, 05/15/21 (Call 11/15/16)b	USD		75		67,500
TerraForm Power Operating LLC
5.88%, 02/01/23 (Call 02/01/18)a,b	USD		75		59,812
Tesoro Corp.
5.38%, 10/01/22 (Call 10/01/17)b	USD		50		48,125
Tesoro Logistics LP/Tesoro Logistics Finance Corp.
5.50%, 10/15/19 (Call 09/15/19)a,b	USD		50		46,563

Security		Principal (000s)		Value
5.88%, 10/01/20 (Call 10/01/16)	USD	$	50	$	46,250
6.13%, 10/15/21 (Call 10/15/16)b	USD		50		45,102
6.25%, 10/15/22 (Call 10/15/18)a	USD		50		45,688
Toll Brothers Finance Corp.
5.88%, 02/15/22 (Call 11/15/21)	USD		100		104,140
Toys R Us Inc.
10.38%, 08/15/17 (Call 02/29/16)b	USD		25		21,250
Toys R Us Property Co. II LLC
8.50%, 12/01/17 (Call 02/29/16)	USD		75		69,412
TransDigm Inc.
6.00%, 07/15/22 (Call 07/15/17)b	USD		100		98,000
6.50%, 07/15/24 (Call 07/15/19)	USD		75		73,500
6.50%, 05/15/25 (Call 05/15/20)a	USD		75		72,187
7.50%, 07/15/21 (Call 07/15/16)b	USD		50		51,000
Transocean Inc.
3.00%, 10/15/17	USD		50		42,500
4.30%, 10/15/22 (Call 07/15/22)	USD		50		24,125
6.00%, 03/15/18b	USD		75		59,309
6.50%, 11/15/20b	USD		75		44,531
7.13%, 12/15/21	USD		75		43,785
TreeHouse Foods Inc.
6.00%, 02/15/24 (Call 02/15/19)a	USD		25		25,568
Tribune Media Co.
5.88%, 07/15/22 (Call 07/15/18)a,b	USD		100		99,880
Trinseo Materials Operating SCA/Trinseo Materials Finance Inc.
6.38%, 05/01/22 (Call 01/05/18)c	EUR		100		103,275

42

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
Tronox Finance LLC
6.38%, 08/15/20 (Call 02/29/16)	USD	$	100	$	61,750
7.50%, 03/15/22 (Call 03/15/18)a	USD		50		30,125
U.S. Airways Group Inc.
6.13%, 06/01/18b	USD		50		51,031
U.S. Steel Corp.
6.05%, 06/01/17	USD		50		38,750
7.00%, 02/01/18b	USD		25		15,580
7.38%, 04/01/20b	USD		50		23,875
7.50%, 03/15/22 (Call 03/15/17)b	USD		25		11,564
Ultra Petroleum Corp.
5.75%, 12/15/18 (Call 02/29/16)a	USD		50		7,531
6.13%, 10/01/24 (Call 10/01/19)a	USD		75		11,625
United Rentals North America Inc.
4.63%, 07/15/23 (Call 07/15/18)	USD		75		72,750
5.50%, 07/15/25 (Call 07/15/20)b	USD		75		66,937
5.75%, 11/15/24 (Call 05/15/19)b	USD		100		92,250
6.13%, 06/15/23 (Call 12/15/17)b	USD		75		72,187
7.38%, 05/15/20 (Call 05/15/16)b	USD		50		51,500
7.63%, 04/15/22 (Call 04/15/17)	USD		100		102,875
Univision Communications Inc.
5.13%, 05/15/23 (Call 05/15/18)a	USD		100		96,500
5.13%, 02/15/25 (Call 02/15/20)a	USD		100		94,436
6.75%, 09/15/22 (Call 09/15/17)a	USD		90		92,756
8.50%, 05/15/21 (Call 02/29/16)a,b	USD		50		49,875

Security		Principal (000s)		Value
Valeant Pharmaceuticals International
7.00%, 10/01/20 (Call 02/29/16)a	USD	$	50	$	49,313
Valeant Pharmaceuticals International Inc.
4.50%, 05/15/23 (Call 05/15/18)c	EUR		125		115,771
5.38%, 03/15/20 (Call 03/15/17)a	USD		200		188,625
5.50%, 03/01/23 (Call 03/01/18)a	USD		100		88,456
5.63%, 12/01/21 (Call 12/01/16)a	USD		75		68,871
5.88%, 05/15/23 (Call 05/15/18)a	USD		225		202,219
6.13%, 04/15/25 (Call 04/15/20)a,b	USD		300		269,437
6.38%, 10/15/20 (Call 10/15/16)a	USD		175		168,875
6.75%, 08/15/21 (Call 02/29/16)a,b	USD		50		48,266
7.25%, 07/15/22 (Call 07/15/16)a	USD		50		48,938
7.50%, 07/15/21 (Call 07/15/16)a	USD		150		148,972
Vereit Operating Partnership LP
2.00%, 02/06/17	USD		100		98,625
3.00%, 02/06/19 (Call 01/06/19)	USD		50		47,646
4.60%, 02/06/24 (Call 11/06/23)	USD		50		47,188
VeriSign Inc.
4.63%, 05/01/23 (Call 05/01/18)	USD		50		49,386
5.25%, 04/01/25 (Call 01/01/25)	USD		50		49,456
Voya Financial Inc.
5.65%, 05/15/53 (Call 05/15/23)d	USD		50		48,563
Vulcan Materials Co.
4.50%, 04/01/25 (Call 01/01/25)	USD		25		24,813
7.50%, 06/15/21	USD		50		57,181

43

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security		Principal (000s)		Value
VWR Funding Inc.
4.63%, 04/15/22 (Call 04/15/18)c	EUR	$	100	$	101,199
West Corp.
5.38%, 07/15/22 (Call 07/15/17)a,b	USD		75		63,375
Whiting Petroleum Corp.
5.00%, 03/15/19 (Call 12/15/18)	USD		100		65,000
5.75%, 03/15/21 (Call 12/15/20)b	USD		100		63,500
6.25%, 04/01/23 (Call 01/01/23)b	USD		50		31,375
WideOpenWest Finance LLC/WideOpenWest Capital Corp.
10.25%, 07/15/19 (Call 02/29/16)	USD		75		70,687
Windstream Services LLC
6.38%, 08/01/23 (Call 02/01/18)	USD		50		35,500
7.50%, 06/01/22 (Call 06/01/17)	USD		50		38,125
7.50%, 04/01/23 (Call 04/01/16)b	USD		50		37,750
7.75%, 10/15/20 (Call 02/29/16)	USD		50		41,375
7.75%, 10/01/21 (Call 10/01/16)b	USD		75		58,687
7.88%, 11/01/17	USD		100		104,500
WMG Acquisition Corp.
6.00%, 01/15/21 (Call 02/29/16)a	USD		50		50,750
6.75%, 04/15/22 (Call 04/15/17)a	USD		50		43,671
WPX Energy Inc.
5.25%, 09/15/24 (Call 06/15/24)b	USD		50		27,250
6.00%, 01/15/22 (Call 10/15/21)b	USD		75		42,381
7.50%, 08/01/20 (Call 07/01/20)	USD		50		31,405

Security		Principal (000s)		Value
8.25%, 08/01/23 (Call 06/01/23)	USD	$	25	$	15,333
WR Grace & Co.-Conn
5.13%, 10/01/21a,b	USD		100		100,000
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
4.25%, 05/30/23 (Call 02/28/23)a	USD		50		42,063
5.38%, 03/15/22 (Call 03/15/17)b	USD		50		47,818
5.50%, 03/01/25 (Call 12/01/24)a,b	USD		175		153,453
XPO Logistics Inc.
6.50%, 06/15/22 (Call 06/15/18)a,b	USD		125		111,875
7.88%, 09/01/19 (Call 09/01/16)a	USD		75		74,920
Zayo Group LLC/Zayo Capital Inc.
6.00%, 04/01/23 (Call 04/01/18)	USD		125		121,975
Zebra Technologies Corp.
7.25%, 10/15/22 (Call 10/15/17)b	USD		100		104,000
					50,592,737
TOTAL CORPORATE BONDS & NOTES
(Cost: $92,388,657)					81,367,267

44

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2016

Security	Shares (000s)		Value
SHORT-TERM INVESTMENTS — 22.30%
MONEY MARKET FUNDS — 22.30%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.45%f,g,h		16,745	$	16,745,344
BlackRock Cash Funds: Prime, SL Agency Shares
0.43%f,g,h		1,593		1,592,928
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%f,g		436		435,584
				18,773,856
TOTAL SHORT-TERM INVESTMENTS
(Cost: $18,773,856)				18,773,856
TOTAL INVESTMENTS IN SECURITIES — 118.94%
(Cost: $111,162,513)				100,141,123
Other Assets, Less Liabilities — (18.94)%				(15,948,354	)
NET ASSETS — 100.00%			$	84,192,769

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  Investments are denominated in U.S. dollars.

^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.

45

Schedule of Investments(Unaudited)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2016

Security	Principal or Shares (000s)				Value
COMMON STOCKS — 0.00%
SOUTH AFRICA — 0.00%
Sentry Holdings Ltd. Class A		GBP		1	$	—
TOTAL COMMON STOCKS (Cost: $159,437)						—
CORPORATE BONDS & NOTES — 96.78%
AUSTRALIA — 0.60%
Origin Energy Finance Ltd.
4.00%, 09/16/74 (Call 09/16/19)a,b		EUR	$	500	$	361,093
Santos Finance Ltd.
8.25%, 09/22/70 (Call 09/22/17)b		EUR		500		476,102
						837,195
AUSTRIA — 1.07%
BAWAG PSK Bank fuer Arbeit und Wirtschaft und Oesterreichische Postsparkasse AG
8.13%, 10/30/23a		EUR		200		254,189
Raiffeisen Bank International AG
4.50%, 02/21/25 (Call 02/21/20)a,b		EUR		300		237,382
5.88%, 04/27/23 (Call 04/27/18)b		EUR		200		205,989
6.00%, 10/16/23a		EUR		200		182,934
6.63%, 05/18/21		EUR		300		317,374
Raiffeisenlandesbank Niederoesterreich-Wien AG
5.88%, 11/27/23a		EUR		200		178,926
Wienerberger AG
4.00%, 04/17/20		EUR		100		115,053
						1,491,847
BELGIUM — 0.80%
Barry Callebaut Services NV
5.63%, 06/15/21a		EUR		200		252,735
6.00%, 07/13/17a		EUR		100		115,799
Ethias SA
5.00%, 01/14/26a		EUR		200		167,229
Ontex Group NV
4.75%, 11/15/21 (Call 11/15/17)a		EUR		100		114,202
Telenet Finance VI Luxembourg SCA
4.88%, 07/15/27 (Call 07/15/21)a		EUR		300		308,131
Univeg Holding BV
7.88%, 11/15/20 (Call 11/15/16)a		EUR		150		163,642
						1,121,738

Security	Principal (000s)				Value
CANADA — 3.02%
Air Canada
7.63%, 10/01/19 (Call 10/01/16)c		CAD	$	150	$	111,121
Athabasca Oil Corp.
7.50%, 11/19/17 (Call 02/29/16)c		CAD		250		150,856
7.50%, 11/19/17 (Call 02/29/16)a		CAD		50		29,490
AutoCanada Inc.
5.63%, 05/25/21 (Call 05/25/17)		CAD		100		66,264
Baytex Energy Corp.
6.63%, 07/19/22 (Call 07/19/17)		CAD		150		71,416
Bombardier Inc.
6.13%, 05/15/21a		EUR		400		382,652
Canadian Energy Services & Technology Corp.
7.38%, 04/17/20 (Call 04/17/17)		CAD		200		125,493
Cascades Inc.
5.50%, 07/15/21 (Call 07/15/17)c		CAD		125		85,569
Centric Health Corp.
8.63%, 04/18/18 (Call 04/18/16)		CAD		100		71,149
Corus Entertainment Inc.
4.25%, 02/11/20a		CAD		350		263,635
Crew Energy Inc.
8.38%, 10/21/20 (Call 10/21/16)a		CAD		100		63,244
Entertainment One Ltd.
6.88%, 12/15/22 (Call 12/15/18)a		GBP		100		139,159
Gateway Casinos & Entertainment Ltd.
8.50%, 11/26/20 (Call 11/26/16)c		CAD		100		66,797
GFL Environmental Inc.
7.50%, 06/18/18 (Call 02/29/16)a		CAD		150		104,459
Gibson Energy Inc.
5.38%, 07/15/22 (Call 07/15/17)c		CAD		125		72,541
5.38%, 07/15/22 (Call 07/15/17)a		CAD		50		29,135
7.00%, 07/15/20 (Call 07/15/16)c		CAD		100		66,051
Great Canadian Gaming Corp.
6.63%, 07/25/22 (Call 07/25/17)c		CAD		250		175,431
Mattamy Group Corp.
6.88%, 11/15/20 (Call 02/29/16)c		CAD		150		98,863
Newalta Corp. Series 2
7.75%, 11/14/19 (Call 02/29/16)		CAD		50		29,727
Noralta Lodge Ltd.
7.50%, 09/24/19 (Call 09/24/16)a		CAD		75		38,906
NRL Energy Investments Ltd.
8.25%, 04/13/18 (Call 02/29/16)		CAD		75		6,928
Paramount Resources Ltd.
7.63%, 12/04/19 (Call 02/29/16)		CAD		250		126,132
Parkland Fuel Corp.
5.50%, 05/28/21 (Call 05/28/17)		CAD		100		68,929
6.00%, 11/21/22 (Call 11/21/17)		CAD		100		69,817

46

Schedule of Investments(Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2016

Security	Principal (000s)				Value
Perpetual Energy Inc.
8.75%, 03/15/18 (Call 02/29/16)a		CAD	$	50	$	18,831
8.75%, 07/23/19 (Call 07/23/16)		CAD		100		34,820
Postmedia Network Inc.
8.25%, 08/16/17 (Call 02/29/16)c		CAD		124		81,072
Precision Drilling Corp.
6.50%, 03/15/19 (Call 02/29/16)		CAD		150		87,404
Quebecor Media Inc.
6.63%, 01/15/23c		CAD		275		196,101
7.38%, 01/15/21 (Call 02/29/16)		CAD		150		109,762
River Cree Enterprises LP
11.00%, 01/20/21 (Call 01/20/18)c		CAD		100		70,350
Russel Metals Inc.
6.00%, 04/19/22 (Call 04/19/17)		CAD		100		66,797
6.00%, 04/19/22 (Call 04/19/17)c		CAD		75		50,331
Sirius XM Canada Holdings Inc.
5.63%, 04/23/21 (Call 04/23/17)c		CAD		150		101,794
Southern Pacific Resource Corp.
8.75%, 01/25/18 (Call 02/29/16)c,d,e		CAD		50		888
Superior Plus LP
6.50%, 12/09/21 (Call 12/09/17)		CAD		100		69,639
Tervita Corp.
9.00%, 11/15/18 (Call 02/29/16)c		CAD		100		40,504
Trilogy Energy Corp.
7.25%, 12/13/19 (Call 02/29/16)c		CAD		150		88,470
Videotron Ltd.
5.63%, 06/15/25 (Call 03/15/25)		CAD		275		193,267
5.75%, 01/15/26 (Call 09/15/20)a		CAD		150		105,561
6.88%, 07/15/21 (Call 06/15/16)		CAD		225		165,802
Wajax Corp.
6.13%, 10/23/20 (Call 10/23/17)a		CAD		100		68,929
Yellow Pages Digital & Media Solutions Ltd.
9.25%, 11/30/18 (Call 02/29/16)c		CAD		214		157,964
						4,222,050
DENMARK — 0.27%
TDC A/S
3.50%, 02/26/49 (Call 02/26/21)a,b		EUR		400		382,357
						382,357

Security	Principal (000s)				Value
FINLAND — 0.69%
Nokia OYJ
6.75%, 02/04/19a		EUR	$	300	$	378,363
Stora Enso OYJ
5.00%, 03/19/18a		EUR		250		289,459
5.50%, 03/07/19a		EUR		250		298,754
						966,576
FRANCE — 9.73%
3AB Optique Developpement SAS
5.63%, 04/15/19 (Call 02/29/16)a		EUR		200		193,144
Areva SA
3.13%, 03/20/23 (Call 12/20/22)a		EUR		500		462,576
3.25%, 09/04/20a		EUR		300		290,530
3.50%, 03/22/21		EUR		400		386,795
4.38%, 11/06/19		EUR		400		406,471
4.63%, 10/05/17		EUR		400		430,656
4.88%, 09/23/24		EUR		500		486,231
Autodis SA
6.50%, 02/01/19 (Call 02/08/16)a		EUR		180		199,823
Cegedim SA
6.75%, 04/01/20 (Call 04/01/16)a		EUR		200		226,516
Cerba European Lab SAS
7.00%, 02/01/20 (Call 02/29/16)a		EUR		200		223,331
CGG SA
5.88%, 05/15/20 (Call 05/15/17)a		EUR		250		116,659
Ciments Francais SA
4.75%, 04/04/17a		EUR		200		224,363
CMA CGM SA
7.75%, 01/15/21 (Call 01/15/18)a		EUR		400		336,357
8.75%, 12/15/18 (Call 02/29/16)a		EUR		200		193,192
Elis SA
3.00%, 04/30/22 (Call 04/30/18)a		EUR		400		412,614
Ephios Bondco PLC
6.25%, 07/01/22 (Call 07/01/18)a		EUR		400		441,476
Europcar Groupe SA
5.75%, 06/15/22 (Call 06/15/18)a		EUR		300		327,350
Faurecia
3.13%, 06/15/22 (Call 06/15/18)a		EUR		350		363,546
Financiere Gaillon 8 SAS
7.00%, 09/30/19 (Call 03/31/16)a		EUR		200		222,508
Groupama SA
7.88%, 10/27/39 (Call 10/27/19)b		EUR		400		441,922

47

Schedule of Investments(Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2016

Security	Principal (000s)				Value
Holdikks SAS
6.75%, 07/15/21 (Call 07/15/17)a		EUR	$	200	$	202,701
Holding Medi-Partenaires SAS
7.00%, 05/15/20 (Call 05/15/16)a		EUR		300		341,450
HomeVi SAS
6.88%, 08/15/21 (Call 08/15/17)a		EUR		200		223,057
Horizon Holdings III SASU
5.13%, 08/01/22 (Call 08/01/18)a		EUR		200		219,870
La Financiere Atalian SAS
7.25%, 01/15/20a				225		255,597
Labeyrie Fine Foods SAS
5.63%, 03/15/21 (Call 03/15/17)a		EUR		100		109,274
Loxam SAS
4.88%, 07/23/21 (Call 07/23/17)a		EUR		200		220,465
7.00%, 07/23/22 (Call 07/23/17)a		EUR		150		164,187
Nexans SA
4.25%, 03/19/18		EUR		100		111,819
5.75%, 05/02/17		EUR		200		223,872
Novafives SAS
4.50%, 06/30/21 (Call 06/30/17)a		EUR		150		129,792
Numericable-SFR SAS
5.38%, 05/15/22 (Call 05/15/17)a		EUR		500		553,554
5.63%, 05/15/24 (Call 05/15/19)a		EUR		700		766,831
PagesJaunes Finance & Co. SCA
8.88%, 06/01/18 (Call 02/08/16)a		EUR		200		142,831
Paprec Holding
5.25%, 04/01/22 (Call 04/01/18)a		EUR		100		102,813
Peugeot SA
5.63%, 07/11/17a		EUR		200		228,452
6.50%, 01/18/19a		EUR		400		483,169
7.38%, 03/06/18a		EUR		400		479,852
Rexel SA
3.25%, 06/15/22 (Call 06/15/18)a		EUR		300		311,912
5.13%, 06/15/20 (Call 06/15/16)a		EUR		300		338,112
SGD Group SAS
5.63%, 05/15/19 (Call 02/29/16)a		EUR		200		212,270
SMCP SAS
8.88%, 06/15/20 (Call 06/15/16)a		EUR		100		114,176
SPCM SA
2.88%, 06/15/23 (Call 06/15/18)a		EUR		300		304,113
Synlab Unsecured Bondco PLC
8.25%, 07/01/23 (Call 07/01/18)a		EUR		250		261,721
Tereos Finance Groupe I
4.25%, 03/04/20 (Call 03/04/19)		EUR		200		194,367

Security	Principal (000s)				Value
THOM Europe SAS
7.38%, 07/15/19 (Call 07/15/16)a		EUR	$	200	$	222,994
Vallourec SA
2.25%, 09/30/24a		EUR		300		209,377
3.25%, 08/02/19		EUR		100		81,154
						13,595,842
GERMANY — 15.92%
Bayerische Landbank
5.75%, 10/23/17a		EUR		500		581,805
Bilfinger SE
2.38%, 12/07/19a		EUR		300		322,245
CeramTec Group GmbH
8.25%, 08/15/21 (Call 08/15/16)a		EUR		200		230,498
Commerzbank AG
6.38%, 03/22/19		EUR		700		835,743
7.75%, 03/16/21		EUR		700		896,717
Deutsche Lufthansa AG
1.13%, 09/12/19a		EUR		250		272,669
5.13%, 08/12/75 (Call 02/12/21)a,b		EUR		300		326,578
Deutsche Raststaetten Gruppe IV GmbH
6.75%, 12/30/20 (Call 12/30/16)a		EUR		200		228,425
Douglas GmbH
6.25%, 07/15/22 (Call 07/15/18)a		EUR		150		168,183
FMC Finance VII SA
5.25%, 02/15/21a		EUR		200		248,662
FMC Finance VIII SA
5.25%, 07/31/19a		EUR		150		183,321
6.50%, 09/15/18a		EUR		200		245,169
Franz Haniel & Cie GmbH
5.88%, 02/01/17		EUR		100		113,311
Fresenius Finance BV
2.38%, 02/01/19a		EUR		200		226,316
2.88%, 07/15/20a		EUR		200		230,152
3.00%, 02/01/21a		EUR		300		345,207
4.00%, 02/01/24a		EUR		200		243,748
4.25%, 04/15/19a		EUR		200		239,322
FTE Verwaltungs GmbH
9.00%, 07/15/20 (Call 07/15/16)a		EUR		100		112,809
Galapagos Holding SA
7.00%, 06/15/22 (Call 06/15/17)a		EUR		100		89,853
Hapag-Lloyd AG
7.50%, 10/15/19 (Call 10/15/16)a		EUR		100		109,828
7.75%, 10/01/18 (Call 02/29/16)a		EUR		200		216,933

48

Schedule of Investments(Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2016

Security	Principal (000s)				Value
HeidelbergCement Finance Luxembourg SA
2.25%, 03/12/19a		EUR	$	300	$	328,735
3.25%, 10/21/20a		EUR		200		225,283
3.25%, 10/21/21a		EUR		300		337,887
5.63%, 01/04/18		EUR		300		349,618
7.50%, 04/03/20a		EUR		400		515,132
8.00%, 01/31/17a		EUR		500		577,723
8.50%, 10/31/19a		EUR		200		261,925
9.50%, 12/15/18a		EUR		200		261,270
Hornbach Baumarkt AG
3.88%, 02/15/20a		EUR		150		173,867
HP Pelzer Holding GmbH
7.50%, 07/15/21 (Call 07/15/17)a		EUR		150		166,359
KION Finance SA
6.75%, 02/15/20 (Call 02/15/17)a		EUR		200		224,618
Kirk Beauty One GmbH
8.75%, 07/15/23 (Call 07/15/18)a		EUR		150		164,336
KraussMaffei Group GmbH
8.75%, 12/15/20 (Call 02/29/16)a		EUR		160		184,670
Norddeutsche Landesbank Girozentrale
6.00%, 06/29/20		EUR		300		365,127
Pfleiderer GmbH
7.88%, 08/01/19 (Call 08/01/16)a		EUR		100		111,452
Phoenix PIB Dutch Finance BV
3.13%, 05/27/20a		EUR		100		110,788
3.63%, 07/30/21a		EUR		200		221,261
ProGroup AG
5.13%, 05/01/22a				200		222,685
Rapid Holding GmbH
6.63%, 11/15/20 (Call 05/15/17)a		EUR		200		220,870
Rheinmetall AG
5.25%, 09/22/17		EUR		300		345,352
RWE AG
1.00%, 04/21/75a,b				700		601,378
Schaeffler Finance BV
2.50%, 05/15/20 (Call 05/15/17)a		EUR		200		213,396
2.75%, 05/15/19 (Call 05/15/16)a		EUR		350		377,144
3.25%, 05/15/19 (Call 05/15/16)a		EUR		200		215,072
3.25%, 05/15/25 (Call 05/15/20)a		EUR		400		404,974
3.50%, 05/15/22 (Call 05/15/17)a		EUR		300		321,788
4.25%, 05/15/18 (Call 02/29/16)a		EUR		100		109,867

Security	Principal (000s)				Value
SGL Carbon SE
4.88%, 01/15/21 (Call 01/15/17)a		EUR	$	100	$	102,121
Takko Luxembourg 2 SCA
9.88%, 04/15/19 (Call 04/15/16)a		EUR		200		116,297
Techem Energy Metering Service GmbH & Co. KG
7.88%, 10/01/20 (Call 10/01/16)a		EUR		200		230,149
Techem GmbH
6.13%, 10/01/19 (Call 02/29/16)a		EUR		100		113,067
ThyssenKrupp AG
1.75%, 11/25/20 (Call 08/25/20)a		EUR		450		476,803
2.50%, 02/25/25 a		EUR		300		305,365
3.13%, 10/25/19 (Call 07/25/19)a		EUR		600		670,157
4.00%, 08/27/18		EUR		900		1,022,397
4.38%, 02/28/17		EUR		600		668,745
Trionista Holdco GmbH
5.00%, 04/30/20 (Call 04/30/16)a		EUR		200		222,353
Trionista TopCo GmbH
6.88%, 04/30/21 (Call 04/30/16)a		EUR		300		339,508
TUI AG
4.50%, 10/01/19 (Call 10/01/16)a		EUR		100		112,338
Unitymedia GmbH
3.75%, 01/15/27 (Call 01/15/21)a		EUR		400		381,405
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
3.50%, 01/15/27 (Call 01/15/21)a		EUR		300		304,326
4.00%, 01/15/25 (Call 01/15/20)a		EUR		400		420,851
4.63%, 02/15/26 (Call 02/15/21)a		EUR		200		216,410
5.13%, 01/21/23 (Call 01/21/18)a		EUR		243		274,651
5.50%, 09/15/22 (Call 09/15/17)a		EUR		324		368,788
5.63%, 04/15/23 (Call 04/15/18)a		EUR		160		182,373
5.75%, 01/15/23 (Call 01/15/18)a		EUR		162		184,947
WEPA Hygieneprodukte GmbH
6.50%, 05/15/20 (Call 05/15/16)a		EUR		200		227,549
ZF North America Capital Inc.
2.25%, 04/26/19a		EUR		600		638,129
2.75%, 04/27/23a		EUR		600		597,101
						22,255,901
GREECE — 1.13%
Frigoglass Finance BV
8.25%, 05/15/18 (Call 02/29/16)a		EUR		100		101,406
Intralot Finance Luxembourg SA
9.75%, 08/15/18 (Call 08/15/16)a		EUR		150		165,404

49

Schedule of Investments(Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2016

Security	Principal (000s)				Value
OTE PLC
3.50%, 07/09/20a		EUR	$	400	$	401,226
4.38%, 12/02/19a		EUR		100		105,581
7.88%, 02/07/18a		EUR		400		451,966
PPC Finance PLC
5.50%, 05/01/19 (Call 05/01/16)a		EUR		300		249,953
Titan Global Finance PLC
4.25%, 07/10/19a		EUR		100		105,685
						1,581,221
INDIA — 0.22%
Samvardhana Motherson Automotive Systems Group BV
4.13%, 07/15/21 (Call 07/15/17)a		EUR		300		304,517
						304,517
IRELAND — 2.49%
Allied Irish Banks PLC
1.38%, 03/16/20a		EUR		200		218,118
2.75%, 04/16/19a		EUR		300		340,907
4.13%, 11/26/25 (Call 11/26/20)a,b		EUR		400		416,788
Ardagh Packaging Finance PLC
9.25%, 10/15/20 (Call 02/29/16)a		EUR		300		335,503
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
4.25%, 01/15/22 (Call 06/30/17)a		EUR		600		640,595
Bank of Ireland
4.25%, 06/11/24 (Call 06/11/19)a,b		EUR		400		438,514
10.00%, 12/19/22 a		EUR		100		140,417
eircom Finance Ltd.
9.25%, 05/15/20 (Call 05/15/16)a		EUR		200		228,702
Smurfit Kappa Acquisitions
2.75%, 02/01/25 (Call 11/01/24)a		EUR		150		151,239
3.25%, 06/01/21 (Call 03/10/21)a		EUR		300		331,965
4.13%, 01/30/20a		EUR		200		232,089
						3,474,837
ITALY — 18.99%
Astaldi SpA
7.13%, 12/01/20 (Call 12/01/16)a		EUR		400		414,534
Autostrada Brescia Verona Vicenza Padova SpA
2.38%, 03/20/20a		EUR		350		379,381
Banca Monte dei Paschi di Siena SpA
3.63%, 04/01/19a		EUR		500		512,844
5.00%, 04/21/20a		EUR		250		223,173
5.60%, 09/09/20		EUR		200		179,079

Security	Principal (000s)				Value
Banca Popolare di Milano Scarl
4.25%, 01/30/19a		EUR	$	200	$	228,578
7.13%, 03/01/21a		EUR		300		339,068
Banca Popolare di Vicenza
2.75%, 03/20/20a		EUR		400		360,631
5.00%, 10/25/18a		EUR		200		198,340
Banco Popolare SC
2.38%, 01/22/18a		EUR		300		319,903
2.63%, 09/21/18a		EUR		300		320,151
2.75%, 07/27/20a		EUR		500		514,175
3.50%, 03/14/19a		EUR		700		751,127
6.00%, 11/05/20a		EUR		400		430,656
6.38%, 05/31/21a		EUR		200		216,410
Bormioli Rocco Holdings SA
10.00%, 08/01/18 (Call 02/29/16)a		EUR		100		111,662
Buzzi Unicem SpA
5.13%, 12/09/16a		EUR		100		111,993
6.25%, 09/28/18a		EUR		200		239,157
Cooperativa Muratori & Cementisti-CMC di Ravenna SC
7.50%, 08/01/21 (Call 08/01/17)a		EUR		150		133,092
Enel SpA
5.00%, 01/15/75 (Call 01/15/20)a,b		EUR		500		554,929
6.50%, 01/10/74 (Call 01/10/19)a,b		EUR		700		805,721
Fiat Finance North America Inc.
5.63%, 06/12/17		EUR		550		620,596
Finmeccanica SA
8.00%, 12/16/19		GBP		150		245,038
Finmeccanica SpA
4.50%, 01/19/21		EUR		400		471,135
Iccrea Banca SpA
1.88%, 11/25/19a		EUR		300		327,697
Intesa Sanpaolo SpA
2.86%, 04/23/25a		EUR		300		316,500
3.93%, 09/15/26a		EUR		500		544,908
5.00%, 09/23/19a		EUR		600		701,168
5.15%, 07/16/20		EUR		500		593,906
6.63%, 05/08/18a		EUR		400		463,517
6.63%, 09/13/23a		EUR		800		1,021,267
Italcementi Finance SA
6.13%, 02/21/18 a		EUR		300		350,799
6.63%, 03/19/20 a		EUR		400		493,200

50

Schedule of Investments(Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2016

Security	Principal (000s)				Value
IVS F SpA
7.13%, 04/01/20 (Call 04/01/16)a		EUR	$	100	$	112,317
Manutencoop Facility Management SpA
8.50%, 08/01/20 (Call 08/01/16)a		EUR		200		175,439
Mediobanca SpA
5.00%, 11/15/20		EUR		400		467,735
5.75%, 04/18/23		EUR		300		363,569
Piaggio & C SpA
4.63%, 04/30/21 (Call 04/30/17)a		EUR		100		109,549
Rhino Bondco SpA
7.25%, 11/15/20 (Call 11/01/16)a		EUR		100		114,844
Salini Costruttori SpA
6.13%, 08/01/18		EUR		200		227,278
Sisal Group SpA
7.25%, 09/30/17 (Call 02/08/16)a		EUR		100		106,403
Snai SpA
7.63%, 06/15/18 (Call 12/15/16)a		EUR		200		214,089
TeamSystem Holding SpA
7.38%, 05/15/20 (Call 05/15/16)a		EUR		265		296,349
Telecom Italia SpA
3.25%, 01/16/23a		EUR		400		432,207
3.63%, 01/19/24a		EUR		300		325,469
4.00%, 01/21/20a		EUR		300		346,975
4.50%, 09/20/17a		EUR		200		229,342
4.50%, 01/25/21a		EUR		250		294,976
4.75%, 05/25/18a		EUR		300		350,747
4.88%, 09/25/20a		EUR		300		360,418
5.25%, 02/10/22a		EUR		400		483,023
5.38%, 01/29/19a		EUR		400		479,850
6.13%, 12/14/18		EUR		200		244,099
6.38%, 06/24/19		GBP		400		612,950
UniCredit SpA
5.75%, 09/26/17		EUR		500		576,358
5.75%, 10/28/25 (Call 10/28/20)a,b		EUR		500		564,152
6.13%, 04/19/21a		EUR		400		467,415
6.70%, 06/05/18a		EUR		550		642,737
6.95%, 10/31/22a		EUR		800		969,247
Unipol Gruppo Finanziario SpA
3.00%, 03/18/25a		EUR		500		501,426
4.38%, 03/05/21a		EUR		240		272,847

Security	Principal (000s)				Value
Veneto Banca SCPA
4.00%, 05/20/19a		EUR	$	300	$	294,322
Wind Acquisition Finance SA
4.00%, 07/15/20 (Call 07/15/16)a		EUR		1,400		1,475,785
7.00%, 04/23/21 (Call 04/23/17)a		EUR		900		940,012
						26,546,264
JAPAN — 1.11%
SoftBank Group Corp.
4.00%, 07/30/22 (Call 04/30/22)a		EUR		300		315,082
4.63%, 04/15/20a		EUR		300		335,019
4.75%, 07/30/25 (Call 04/30/25)a		EUR		600		603,237
5.25%, 07/30/27 (Call 04/30/27)a		EUR		300		295,077
						1,548,415
LUXEMBOURG — 6.39%
Altice Financing SA
5.25%, 02/15/23 (Call 02/15/18)a		EUR		300		314,326
6.50%, 01/15/22 (Call 12/15/16)a		EUR		150		167,580
Altice Finco SA
9.00%, 06/15/23 (Call 06/15/18)a		EUR		100		119,185
Altice Luxembourg SA
6.25%, 02/15/25 (Call 02/15/20)a		EUR		300		273,223
7.25%, 05/15/22 (Call 05/15/17)a		EUR		1,200		1,227,245
ArcelorMittal
2.88%, 07/06/20a		EUR		400		355,762
3.00%, 03/25/19a		EUR		400		374,727
3.00%, 04/09/21a		EUR		200		170,429
3.13%, 01/14/22a		EUR		400		334,850
5.75%, 03/29/18a		EUR		200		206,414
5.88%, 11/17/17a		EUR		550		587,922

51

Schedule of Investments(Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2016

Security	Principal (000s)				Value
Befesa Zinc SAU Via Zinc Capital SA
8.88%, 05/15/18 (Call 02/29/16)a		EUR	$	100	$	96,244
ConvaTec Healthcare E SA
10.88%, 12/15/18 (Call 02/29/16)a		EUR		150		166,730
Garfunkelux Holdco 3 SA
7.50%, 08/01/22 (Call 08/01/18)a		EUR		200		216,410
8.50%, 11/01/22 (Call 11/01/18)a		GBP		250		348,653
GCS Holdco Finance I SA
6.50%, 11/15/18 (Call 02/08/16)a		EUR		200		221,869
Geo Debt Finance SCA
7.50%, 08/01/18 (Call 02/29/16)a		EUR		200		193,085
INEOS Group Holdings SA
5.75%, 02/15/19 (Call 02/29/16)a		EUR		350		368,300
6.50%, 08/15/18 (Call 02/29/16)a		EUR		200		213,995
LSF9 Balta Issuer SA
7.75%, 09/15/22 (Call 09/15/18)a		EUR		150		165,585
Magnolia BC SA
9.00%, 08/01/20 (Call 08/01/16)a		EUR		200		229,625
Matterhorn Telecom Holding SA
4.88%, 05/01/23 (Call 05/01/18)a		EUR		200		181,290
Matterhorn Telecom SA
3.88%, 05/01/22 (Call 05/01/18)a		EUR		500		488,444
Picard Bondco SA
7.75%, 02/01/20 (Call 08/01/16)a		EUR		250		286,171
SIG Combibloc Holdings SCA
7.75%, 02/15/23 (Call 02/15/18)a		EUR		400		445,755
Swissport Investments SA
6.75%, 12/15/21 (Call 06/15/18)a		EUR		200		223,228
9.75%, 12/15/22 (Call 12/15/18)a		EUR		150		163,227
Telenet Finance III Luxembourg SCA
6.63%, 02/15/21 (Call 02/29/16)a		EUR		200		222,760
Telenet Finance V Luxembourg SCA
6.25%, 08/15/22 (Call 08/15/17)a		EUR		100		115,384
6.75%, 08/15/24 (Call 08/15/18)a		EUR		200		235,039
Unilabs Subholding AB
8.50%, 07/15/18 (Call 02/08/16)a		EUR		200		223,252
						8,936,709
NETHERLANDS — 2.67%
Atradius Finance BV
5.25%, 09/23/44 (Call 09/23/24)a,b		EUR		150		130,963
Carlson Wagonlit BV
7.50%, 06/15/19 (Call 02/29/16)a		EUR		200		224,518

Security	Principal (000s)				Value
Constellium NV
4.63%, 05/15/21 (Call 05/15/17)a		EUR	$	150	$	134,480
Hema Bondco I BV
6.25%, 06/15/19 (Call 06/15/16)a		EUR		200		157,424
InterXion Holding NV
6.00%, 07/15/20 (Call 07/15/16)a		EUR		200		225,483
LGE HoldCo VI BV
7.13%, 05/15/24 (Call 05/15/19)a		EUR		400		464,677
Nyrstar Netherlands Holdings BV
8.50%, 09/15/19a		EUR		250		218,439
OI European Group BV
4.88%, 03/31/21a		EUR		200		228,803
6.75%, 09/15/20a		EUR		200		244,609
SNS Bank NV
6.25%, 10/26/20		EUR		50		—
Stork Technical Services Holdings BV
11.00%, 08/15/17 (Call 02/29/16)a		EUR		100		109,930
UPC Holding BV
6.38%, 09/15/22 (Call 09/15/17)a		EUR		400		456,468
6.75%, 03/15/23 (Call 03/15/18)a		EUR		200		231,650
UPCB Finance IV Ltd.
4.00%, 01/15/27 (Call 01/15/21)a		EUR		300		304,651
Ziggo Bond Finance BV
4.63%, 01/15/25 (Call 01/15/20)a		EUR		200		200,344
Ziggo Secured Finance BV
3.75%, 01/15/25 (Call 01/15/20)a		EUR		400		400,607
						3,733,046
NORWAY — 0.44%
Lock AS
7.00%, 08/15/21 (Call 08/15/17)a		EUR		400		444,921
Lock Lower Holding AS
9.50%, 08/15/22 (Call 08/15/18)a		EUR		100		107,854
Norske Skog AS
11.75%, 12/15/19 (Call 02/15/17)a		EUR		100		67,087
						619,862
PORTUGAL — 0.52%
Banco Comercial Portugues SA
3.38%, 02/27/17a		EUR		300		309,001
EDP - Energias de Portugal SA
5.38%, 09/16/75 (Call 03/16/21)a,b		EUR		400		413,862
						722,863

52

Schedule of Investments(Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2016

Security	Principal (000s)				Value
SOUTH AFRICA — 0.18%
Sappi Papier Holding GmbH
3.38%, 04/01/22 (Call 04/01/18)a		EUR	$	250	$	254,146
						254,146
SPAIN — 4.85%
Abengoa Finance SAU
6.00%, 03/31/21a,e		EUR		192		30,669
Abengoa Greenfield SA
5.50%, 10/01/19a,e		EUR		100		16,231
Aldesa Financial Services SA
7.25%, 04/01/21 (Call 04/01/17)a		EUR		150		115,238
Almirall SA
4.63%, 04/01/21 (Call 04/01/17)a		EUR		200		223,796
Banco de Sabadell SA
6.25%, 04/26/20		EUR		200		239,629
Bankia SA
3.50%, 01/17/19a		EUR		600		676,371
4.00%, 05/22/24 (Call 05/22/19)a,b		EUR		500		515,608
4.38%, 02/14/17		EUR		200		224,712
Bankinter SA
6.38%, 09/11/19a		EUR		150		183,485
BPE Financiaciones SA
2.00%, 02/03/20a		EUR		700		725,904
2.50%, 02/01/17		EUR		100		109,586
CaixaBank SA
5.00%, 11/14/23 (Call 11/14/18)a,b		EUR		400		442,031
Campofrio Food Group SA
3.38%, 03/15/22 (Call 03/15/18)a		EUR		300		318,715
Cellnex Telecom SAU
3.13%, 07/27/22a		EUR		300		309,966
Cirsa Funding Luxembourg SA
5.88%, 05/15/23 (Call 05/15/18)a		EUR		200		200,720
8.75%, 05/15/18 (Call 02/29/16)a		EUR		212		231,199
Ence Energia y Celulosa SA
5.38%, 11/01/22 (Call 11/01/18)a		EUR		150		164,133
Gestamp Funding Luxembourg SA
5.88%, 05/31/20 (Call 05/31/16)a		EUR		200		221,629
Grupo Antolin Dutch BV
4.75%, 04/01/21 (Call 04/01/17)a		EUR		100		110,007
5.13%, 06/30/22 (Call 06/30/18)a		EUR		300		332,109
Grupo Isolux Corsan Finance BV
6.63%, 04/15/21 (Call 04/15/17)a		EUR		500		159,602

Security	Principal (000s)				Value
Ibercaja Banco SA
5.00%, 07/28/25 (Call 07/28/20)a,b		EUR	$	200	$	200,360
NH Hotel Group SA
6.88%, 11/15/19 (Call 11/15/17)a		EUR		150		176,411
Obrascon Huarte Lain SA
4.75%, 03/15/22 (Call 03/15/18)a		EUR		250		197,223
5.50%, 03/15/23 (Call 03/15/18)a		EUR		200		164,743
PortAventura Entertainment Barcelona BV
7.25%, 12/01/20 (Call 12/01/16)a		EUR		100		109,250
Repsol International Finance BV
4.50%, 03/25/75 (Call 03/25/25)a,b		EUR		500		386,833
						6,786,160
SWEDEN — 1.50%
Akelius Residential Property AB
3.38%, 09/23/20a		EUR		200		218,597
Auris Luxembourg II SA
8.00%, 01/15/23 (Call 01/15/18)a		EUR		100		116,200
Ovako AB
6.50%, 06/01/19 (Call 06/01/16)a		EUR		150		103,065
Perstorp Holding AB
9.00%, 05/15/17 (Call 02/29/16)a		EUR		100		105,536
SSAB AB
3.88%, 04/10/19a		EUR		200		186,041
Stena AB
6.13%, 02/01/17a		EUR		100		109,608
Verisure Holding AB
6.00%, 11/01/22 (Call 11/01/18)a		EUR		400		446,354
Volvo Treasury AB
4.20%, 06/10/75 (Call 06/10/20)a,b		EUR		500		508,450
4.85%, 03/10/78 (Call 03/10/23)a,b		EUR		300		296,374
						2,090,225
SWITZERLAND — 0.66%
Dufry Finance SCA
4.50%, 07/15/22 (Call 07/15/17)a		EUR		300		332,946
4.50%, 08/01/23 (Call 08/01/18)a		EUR		350		387,428
Selecta Group BV
6.50%, 06/15/20 (Call 12/15/16)a		EUR		200		205,416
						925,790

53

Schedule of Investments(Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2016

Security	Principal (000s)				Value
UNITED KINGDOM — 17.65%
AA Bond Co. Ltd.
5.50%, 07/31/43 (Call 07/31/18)a		GBP	$	400	$	526,837
Algeco Scotsman Global Finance PLC
9.00%, 10/15/18 (Call 02/29/16)a		EUR		100		83,644
Alliance Automotive Finance PLC
6.25%, 12/01/21 (Call 11/19/17)a		EUR		100		111,681
Arqiva Broadcast Finance PLC
9.50%, 03/31/20 (Call 03/31/16)a		GBP		300		455,884
Aston Martin Capital Ltd.
9.25%, 07/15/18 (Call 02/29/16)a		GBP		200		281,552
Boparan Finance PLC
4.38%, 07/15/21 (Call 07/15/17)a		EUR		250		239,186
5.25%, 07/15/19 (Call 07/15/16)a		GBP		150		197,815
5.50%, 07/15/21 (Call 07/15/17)a		GBP		100		125,343
Brakes Capital
7.13%, 12/15/18 (Call 02/29/16)a		GBP		200		290,709
Cabot Financial Luxembourg SA
10.38%, 10/01/19 (Call 02/29/16)a		GBP		150		226,171
CNH Industrial Finance Europe SA
2.75%, 03/18/19a		EUR		600		635,520
2.88%, 09/27/21a		EUR		300		310,719
6.25%, 03/09/18a		EUR		600		691,754
Co-Operative Bank PLC/United Kingdom
5.13%, 09/20/17		GBP		250		345,862
Cognita Financing PLC
7.75%, 08/15/21 (Call 08/15/17)a		GBP		150		214,107
Darty Financement SAS
5.88%, 03/01/21 (Call 03/01/17)a		EUR		100		112,201
EC Finance PLC
5.13%, 07/15/21 (Call 01/15/17)a		EUR		100		109,185
Eco-Bat Finance PLC
7.75%, 02/15/17 (Call 02/29/16)a		EUR		200		207,514
Elli Finance UK PLC
8.75%, 06/15/19 (Call 02/29/16)a		GBP		100		119,779
8.75%, 06/15/19 (Call 02/29/16)c		GBP		100		119,779
Fiat Chrysler Finance Europe
4.75%, 03/22/21a		EUR		500		560,134
4.75%, 07/15/22a		EUR		700		784,457
6.63%, 03/15/18a		EUR		600		694,842
6.75%, 10/14/19a		EUR		600		723,332
7.00%, 03/23/17a		EUR		400		454,668
7.38%, 07/09/18		EUR		300		356,193

Security	Principal (000s)				Value
Iceland Bondco PLC
6.25%, 07/15/21 (Call 07/15/17)a		GBP	$	250	$	305,325
Ineos Finance PLC
4.00%, 05/01/23 (Call 05/01/18)a		EUR		400		403,945
Infinis PLC
7.00%, 02/15/19 (Call 02/15/17)c		GBP		200		286,768
International Personal Finance PLC
5.75%, 04/07/21a		EUR		150		135,381
Interoute Finco PLC
7.38%, 10/15/20 (Call 10/15/17)a		EUR		200		226,257
Iron Mountain Europe PLC
6.13%, 09/15/22 (Call 09/15/17)a		GBP		200		287,024
Jaguar Land Rover Automotive PLC
3.88%, 03/01/23a		GBP		200		254,178
5.00%, 02/15/22a		GBP		200		280,068
Jerrold Finco PLC
9.75%, 09/15/18 (Call 09/15/16)a		GBP		150		227,934
Keystone Financing PLC
9.50%, 10/15/19 (Call 10/15/16)a		GBP		100		145,764
Matalan Finance PLC
6.88%, 06/01/19 (Call 05/30/16)a		GBP		100		119,687
6.88%, 06/01/19 (Call 05/30/16)c		GBP		100		119,687
Merlin Entertainments PLC
2.75%, 03/15/22 (Call 12/15/21)a		EUR		300		309,594
Moy Park Bondco PLC
6.25%, 05/29/21 (Call 05/29/17)a		GBP		150		208,520
New Look Secured Issuer PLC
6.50%, 07/01/22 (Call 06/24/18)a		GBP		450		622,523
Odeon & UCI Finco PLC
9.00%, 08/01/18 (Call 02/08/16)a		GBP		200		292,523
Pizzaexpress Financing 2 PLC
6.63%, 08/01/21 (Call 08/01/17)a		GBP		250		364,595
Premier Foods Finance PLC
6.50%, 03/15/21 (Call 03/15/17)c		GBP		150		197,198
6.50%, 03/15/21 (Call 03/15/17)a		GBP		100		131,465
Priory Group No. 3 PLC
7.00%, 02/15/18 (Call 02/16/16)c		GBP		122		176,571
R&R Ice Cream PLC
5.50%, 05/15/20 (Call 05/15/16)a		GBP		150		216,350
Rexam PLC
6.75%, 06/29/67 (Call 06/29/17)a,b		EUR		400		431,197
Royal Bank of Scotland Group PLC
3.63%, 03/25/24 (Call 03/25/19)a,b		EUR		500		550,746

54

Schedule of Investments(Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2016

Security	Principal (000s)				Value
Royal Bank of Scotland PLC (The)
6.93%, 04/09/18		EUR	$	1,100	$	1,315,671
Silk Bidco AS
7.50%, 02/01/22 (Call 02/01/18)a		EUR		200		218,777
Stonegate Pub Co. Financing PLC
5.75%, 04/15/19 (Call 04/15/16)a		GBP		200		284,072
Tesco Corporate Treasury Services PLC
1.25%, 11/13/17a		EUR		200		216,127
1.38%, 07/01/19a		EUR		600		629,402
2.13%, 11/12/20 (Call 08/12/20)a		EUR		400		420,580
2.50%, 07/01/24a		EUR		400		390,549
Tesco PLC
3.38%, 11/02/18a		EUR		400		446,434
6.13%, 02/24/22		GBP		450		661,755
Thomas Cook Finance PLC
6.75%, 06/15/21 (Call 01/15/18)a		EUR		200		223,818
7.75%, 06/15/20 (Call 06/15/16)a		EUR		300		335,957
Travis Perkins PLC
4.38%, 09/15/21a		GBP		200		283,381
Virgin Media Finance PLC
4.50%, 01/15/25 (Call 01/15/20)a		EUR		250		254,958
6.38%, 10/15/24 (Call 10/15/19)a		GBP		200		283,876
7.00%, 04/15/23 (Call 04/15/18)a		GBP		100		147,470
Virgin Media Secured Finance PLC
4.88%, 01/15/27 (Call 01/15/21)a		GBP		200		261,609
5.13%, 01/15/25 (Call 01/15/20)a		GBP		200		268,870
5.50%, 01/15/21		GBP		400		605,866
5.50%, 01/15/25 (Call 01/15/19)a		GBP		180		248,828
6.00%, 04/15/21 (Call 04/15/17)a		GBP		450		658,791
6.25%, 03/28/29 (Call 01/15/21)a		GBP		200		281,662
Viridian Group FundCo II Ltd.
7.50%, 03/01/20 (Call 09/01/17)a		EUR		350		397,432
Vougeot Bidco PLC
7.88%, 07/15/20 (Call 07/15/16)a		GBP		200		296,260
Worldpay Finance PLC
3.75%, 11/15/22a		EUR		250		272,165
						24,676,478

Security	Principal (000s)				Value
UNITED STATES — 5.88%
Avis Budget Finance PLC
6.00%, 03/01/21 (Call 03/01/16)a		EUR	$	200	$	218,920
Axalta Coating Systems U.S. Holdings Inc./Axalta Coating Systems Dutch Holding BV
5.75%, 02/01/21 (Call 02/29/16)a		EUR		100		111,535
Ball Corp.
3.50%, 12/15/20		EUR		200		221,409
4.38%, 12/15/23		EUR		350		387,466
Belden Inc.
5.50%, 04/15/23 (Call 04/15/18)a		EUR		300		315,188
Brookfield Office Properties Inc.
4.00%, 04/16/18		CAD		100		70,883
4.30%, 01/17/17		CAD		100		71,149
Celanese U.S. Holdings LLC
3.25%, 10/15/19		EUR		200		219,192
Chemours Co. (The)
6.13%, 05/15/23 (Call 05/15/18)a		EUR		200		135,638
Crown European Holdings SA
3.38%, 05/15/25 (Call 11/15/24)a		EUR		350		350,381
4.00%, 07/15/22 (Call 04/15/22)a		EUR		300		331,194
Darling Global Finance BV
4.75%, 05/30/22 (Call 05/30/18)a		EUR		300		306,031
Goodyear Dunlop Tires Europe BV
3.75%, 12/15/23 (Call 12/15/18)a		EUR		100		109,403
Hertz Holdings Netherlands BV
4.38%, 01/15/19a		EUR		250		270,919
Huntsman International LLC
4.25%, 04/01/25 (Call 01/01/25)a		EUR		200		174,460
5.13%, 04/15/21 (Call 01/15/21)		EUR		200		196,722
IMS Health Inc.
4.13%, 04/01/23 (Call 04/01/18)a		EUR		150		152,807
Infor U.S. Inc.
5.75%, 05/15/22 (Call 05/15/18)a		EUR		200		187,310
International Game Technology PLC
4.13%, 02/15/20 (Call 11/15/19)a		EUR		300		322,440
4.75%, 03/05/20a		EUR		300		325,950
4.75%, 02/15/23 (Call 08/15/22)a		EUR		450		458,959
6.63%, 02/02/18a		EUR		300		350,748

55

Schedule of Investments(Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2016

Security	Principal or Shares (000s)				Value
Iron Mountain Canada Operations ULC
6.13%, 08/15/21 (Call 08/15/17)		CAD	$	100	$	72,126
Jarden Corp.
3.75%, 10/01/21a		EUR		200		225,683
Kloeckner Pentaplast of America Inc.
7.13%, 11/01/20 (Call 05/01/17)a		EUR		150		162,819
MPT Operating Partnership LP/MPT Finance Corp.
4.00%, 08/19/22 (Call 05/19/22)		EUR		300		326,231
PSPC Escrow Corp.
6.00%, 02/01/23 (Call 02/01/18)a		EUR		200		172,969
Sealed Air Corp.
4.50%, 09/15/23 (Call 06/15/23)a		EUR		200		222,848
TA MFG. Ltd.
3.63%, 04/15/23 (Call 04/15/18)a		EUR		200		202,040
Trinseo Materials Operating SCA/Trinseo Materials Finance Inc.
6.38%, 05/01/22 (Call 01/05/18)a		EUR		200		206,550
Valeant Pharmaceuticals International Inc.
4.50%, 05/15/23 (Call 05/15/18)a		EUR		800		740,936
VWR Funding Inc.
4.63%, 04/15/22 (Call 04/15/18)a		EUR		300		303,598
XPO Logistics Inc.
5.75%, 06/15/21 (Call 12/15/17)a		EUR		300		288,678
						8,213,182
TOTAL CORPORATE BONDS & NOTES (Cost: $162,219,324)						135,287,221
SHORT-TERM INVESTMENTS — 0.01%
MONEY MARKET FUNDS — 0.01%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.25%f,g				17		17,130
						17,130

	Value
TOTAL SHORT-TERM INVESTMENTS (Cost: $17,130)		17,130
TOTAL INVESTMENTS IN SECURITIES — 96.79% (Cost: $162,395,891)		135,304,351
Other Assets, Less Liabilities — 3.21%		4,484,526
NET ASSETS — 100.00%	$	139,788,877

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

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

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

^e  Issuer is in default of interest payments.

^f  Affiliated issuer. See Note 2.

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

See accompanying notes to schedules of investments.

56

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 Articles of Incorporation as subsequently amended and restated.

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

iShares ETF

Emerging Markets Corporate Bond

Emerging Markets High Yield Bond

Emerging Markets Local Currency Bond

Global High Yield Corporate Bond

International High Yield Bond

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”).

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

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

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

• Forward currency contracts are valued based on that day’s prevailing forward exchange rate for the underlying currencies.

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.

57

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 NAV 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.

58

Notes to Schedules of Investments (Unaudited)(Continued)

iSHARES^®, INC

The following table summarizes the value of each of the Funds’ investments according to the fair value hierarchy as of January 31, 2016. The breakdown of each Fund’s investments into major categories is disclosed in its respective schedule of investments.

iShares ETF	Level 1		Level 2			Level 3			Total
Emerging Markets Corporate Bond
Investments:
Assets:
Corporate Bonds & Notes	$	—	$	21,808,252		$	—		$	21,808,252
Foreign Government Obligations		—		987,004			—			987,004
Money Market Funds		398,055		—			—			398,055
Total	$	398,055	$	22,795,256		$	—		$	23,193,311
Emerging Markets High Yield Bond
Investments:
Assets:
Corporate Bonds & Notes	$	—	$	20,286,830		$	—		$	20,286,830
Foreign Government Obligations		—		27,468,198			—			27,468,198
Money Market Funds		775,804		—			—			775,804
Total	$	775,804	$	47,755,028		$	—		$	48,530,832
Emerging Markets Local Currency Bond
Investments:
Assets:
Foreign Government Obligations	$	—	$	457,289,534		$	—		$	457,289,534
Money Market Funds		199,493		—			—			199,493
Total	$	199,493	$	457,289,534		$	—		$	457,489,027
Derivative Financial Instrumentsb
Liabilities:
Forward Currency Contracts	$	—	$	(21,146	)	$	—		$	(21,146	)
Total	$	—	$	(21,146	)	$	—		$	(21,146	)
Global High Yield Corporate Bond
Investments:
Assets:
Corporate Bonds & Notes	$	—	$	81,367,267		$	—		$	81,367,267
Money Market Funds		18,773,856		—			—			18,773,856
Total	$	18,773,856	$	81,367,267		$	—		$	100,141,123
International High Yield Bond
Investments:
Assets:
Common Stocks	$	—	$	—		$	0	a	$	0	a
Corporate Bonds & Notes		—		135,287,221			0	a		135,287,221
Money Market Funds		17,130		—			—			17,130
Total	$	17,130	$	135,287,221		$	0	a	$	135,304,351

^a  Rounds to less than $1.

^b  Shown at the unrealized appreciation (depreciation) on the contracts.

59

Notes to Schedules of Investments (Unaudited)(Continued)

iSHARES^®, INC

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, 2016, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows:

iShares ETF	Tax Cost		Gross Unrealized Appreciation		Gross Unrealized Depreciation			Net Unrealized Appreciation (Depreciation)
Emerging Markets Corporate Bond	$	25,418,490	$	199,710	$	(2,424,889	)	$	(2,225,179	)
Emerging Markets High Yield Bond		55,494,722		458,842		(7,422,732	)		(6,963,890	)
Emerging Markets Local Currency Bond		554,401,226		2,574,954		(99,487,153	)		(96,912,199	)
Global High Yield Corporate Bond		111,199,122		286,164		(11,344,163	)		(11,057,999	)
International High Yield Bond		162,508,671		35,482		(27,239,802	)		(27,204,320	)

LOANS OF PORTFOLIO SECURITIES

Each Fund may lend its investment securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by a bank, or securities issued or guaranteed by the U.S. government. The initial collateral received by each Fund is required to have a value of at least 102% of the current value of the loaned securities plus the interest accrued on such securities, if any, for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current value of the securities on loan plus accrued interest, if any. The market value of the loaned securities is determined at the close of each business day of the Funds. Any additional required collateral is delivered to the Funds and any excess collateral is returned by the Funds on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.

Any cash received as collateral for securities on loan 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 adviser, or its affiliates. As of January 31, 2016, any securities on loan were collateralized by cash. The cash collateral received was invested in money market funds managed by BFA and is disclosed in the schedules of investments.

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.

60

Notes to Schedules of Investments (Unaudited)(Continued)

iSHARES^®, INC

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.

3. FORWARD CURRENCY CONTRACTS

Each Fund may enter into forward currency contracts for the purpose of hedging against the effects of foreign currencies on the value of such Fund’s assets that are denominated in a non-U.S. currency. A forward currency contract is an obligation to purchase or sell a currency against another currency at a specified future date at an agreed upon price and quantity. Forward currency contracts are traded over-the-counter and not on an organized exchange. The contract is marked-to-market daily and the change in market value is recorded as unrealized appreciation or depreciation. When the contract is closed, a realized gain or loss equal to the difference between the value at the time it was opened and the value at the time it was closed is recorded. Losses may arise if there are unfavorable movements in the value of a foreign currency relative to the U.S. dollar or if the counterparties do not meet the terms of the agreement. The Fund’s use of forward currency contracts also involves the risks of imperfect correlation between the value of its currency positions and its other investments or the Fund failing to close out its position due to an illiquid market.

61

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 30, 2016

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 30, 2016
By:	/s/ Jack Gee
Jack Gee, Treasurer and Chief Financial Officer (Principal Financial Officer)
Date:	March 30, 2016