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: July 31, 2016

Item 1. Schedules of Investments.

Schedule of Investments (Unaudited)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

July 31, 2016

Security	Principal (000s)		Value
CORPORATE BONDS & NOTESa — 94.81%
ARGENTINA — 0.81%
YPF SA
8.50%, 03/23/21b	$	50	$	53,625
8.50%, 07/28/25b		75		79,031
8.75%, 04/04/24b		30		32,175
8.88%, 12/19/18b		35		37,975
				202,806
AZERBAIJAN — 0.75%
State Oil Co. of the Azerbaijan Republic
4.75%, 03/13/23b		200		188,267
				188,267
BRAZIL — 14.52%
Banco Bradesco SA/Cayman Islands
5.90%, 01/16/21b		100		105,250
Banco do Brasil SA/Cayman Islands
5.88%, 01/19/23b		200		199,000
Braskem Finance Ltd.
5.38%, 05/02/22b		200		203,500
Caixa Economica Federal
2.38%, 11/06/17b		150		147,525
Centrais Eletricas Brasileiras SA
6.88%, 07/30/19b		100		102,530
CSN Resources SA
6.50%, 07/21/20b		100		58,470
Embraer Netherlands Finance BV
5.05%, 06/15/25		100		100,375
Fibria Overseas Finance Ltd.
5.25%, 05/12/24		50		51,540
Gerdau Holdings Inc.
7.00%, 01/20/20b		100		105,500
GTL Trade Finance Inc.
5.89%, 04/29/24 (Call 01/29/24)b		150		140,812
Itau Unibanco Holding SA/Cayman Islands
5.13%, 05/13/23b		200		201,028
6.20%, 04/15/20b		100		106,820
JBS Investments GmbH
7.25%, 04/03/24 (Call 04/03/19)b		200		206,100
Marfrig Overseas Ltd.
9.50%, 05/04/20 (Call 08/29/16)b		100		103,000
Odebrecht Drilling Norbe VIII/IX Ltd.
6.35%, 06/30/22 (Call 06/30/20)b		152		39,958
Petrobras Global Finance BV
3.00%, 01/15/19		47		44,885
4.38%, 05/20/23		100		85,750
4.88%, 03/17/20		50		48,706
5.38%, 01/27/21		250		237,187
5.63%, 05/20/43		50		36,500
5.75%, 01/20/20		100		99,810
6.25%, 03/17/24		125		117,187
6.85%, 06/05/49		50		38,175
6.88%, 01/20/40		75		62,134
7.25%, 03/17/44		50		42,660
7.88%, 03/15/19		100		106,050
8.38%, 05/23/21		200		211,450
8.75%, 05/23/26		50		51,985

Security	Principal (000s)		Value
Petrobras International Finance Co. SA
6.75%, 01/27/41	$	75	$	61,500
Samarco Mineracao SA
4.13%, 11/01/22b		200		78,600
Vale Overseas Ltd.
4.38%, 01/11/22		50		48,563
4.63%, 09/15/20c		75		75,376
5.88%, 06/10/21c		100		103,500
6.88%, 11/21/36		100		96,250
6.88%, 11/10/39		50		47,328
8.25%, 01/17/34		25		26,378
Vale SA
5.63%, 09/11/42c		75		63,938
				3,655,320
CHILE — 4.29%
Banco del Estado de Chile
4.13%, 10/07/20b		150		160,919
Celulosa Arauco y Constitucion SA
4.75%, 01/11/22 (Call 10/11/21)		37		39,596
Cencosud SA
5.50%, 01/20/21b		150		164,973
Corp. Nacional del Cobre de Chile
3.00%, 07/17/22b		200		201,645
4.25%, 07/17/42b		200		197,308
Empresa Nacional de Telecomunicaciones SA
4.88%, 10/30/24b		200		209,051
Empresa Nacional del Petroleo
4.75%, 12/06/21b		100		108,017
				1,081,509
CHINA — 10.56%
Alibaba Group Holding Ltd.
2.50%, 11/28/19 (Call 10/28/19)		200		203,356
3.60%, 11/28/24 (Call 08/28/24)c		200		208,066
Baidu Inc.
2.25%, 11/28/17		200		201,728
Bank of China Ltd./Hong Kong
3.88%, 06/30/25b		200		215,236
Bank of Communications Co. Ltd./Hong Kong
2.50%, 01/16/18b		200		202,039
China Overseas Finance II Ltd.
5.50%, 11/10/20b		100		112,125
CITIC Ltd.
6.63%, 04/15/21b		100		117,516
CNOOC Finance 2012 Ltd.
5.00%, 05/02/42b		200		231,950
Country Garden Holdings Co. Ltd.
7.50%, 03/09/20 (Call 03/09/18)b		200		216,014
Evergrande Real Estate Group Ltd.
8.75%, 10/30/18 (Call 10/30/16)b		200		206,000
Sino-Ocean Land Treasure Finance I Ltd.
4.63%, 07/30/19b		200		210,185
Sinochem Overseas Capital Co. Ltd.
4.50%, 11/12/20b		100		107,724
Sinopec Group Overseas Development 2013 Ltd.
4.38%, 10/17/23b		200		219,536
Tencent Holdings Ltd.
3.38%, 05/02/19b		200		207,467
				2,658,942

1

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

July 31, 2016

Security	Principal (000s)		Value
COLOMBIA — 1.91%
Bancolombia SA
5.13%, 09/11/22	$	50	$	51,625
6.13%, 07/26/20		75		80,625
Ecopetrol SA
4.13%, 01/16/25		100		92,670
5.88%, 09/18/23		100		104,500
5.88%, 05/28/45		50		44,188
7.38%, 09/18/43		50		50,225
7.63%, 07/23/19		50		56,985
				480,818
HONG KONG — 0.88%
Shimao Property Holdings Ltd.
8.13%, 01/22/21 (Call 01/22/18)b		200		221,684
				221,684
INDIA — 6.10%
Bharti Airtel International Netherlands BV
5.13%, 03/11/23b		200		218,330
Export-Import Bank of India
4.00%, 01/14/23b		200		211,940
ICICI Bank Ltd. VRN, (6 mo. LIBOR US + 2.280%)
6.38%, 04/30/22 (Call 04/30/17)b		100		101,704
ICICI Bank Ltd./Hong Kong
5.75%, 11/16/20b		100		112,225
ONGC Videsh Ltd.
4.63%, 07/15/24b		200		217,544
Reliance Holdings USA Inc.
5.40%, 02/14/22b		250		282,176
State Bank of India/London
3.62%, 04/17/19b		200		207,132
Vedanta Resources PLC
8.25%, 06/07/21b		200		185,000
				1,536,051
INDONESIA — 3.12%
Majapahit Holding BV
7.75%, 01/20/20b		120		138,150
7.88%, 06/29/37b		25		32,669
Pelabuhan Indonesia II PT
4.25%, 05/05/25b,c		200		202,750
Pertamina Persero PT
4.30%, 05/20/23b		200		205,625
5.63%, 05/20/43b		200		206,792
				785,986
ISRAEL — 2.35%
Israel Electric Corp. Ltd.
6.88%, 06/21/23b		200		239,300
Teva Pharmaceutical Finance Netherlands III BV
2.20%, 07/21/21		200		200,923
3.15%, 10/01/26		100		101,315
4.10%, 10/01/46		50		50,678
				592,216

Security	Principal (000s)		Value
JAMAICA — 0.72%
Digicel Group Ltd.
8.25%, 09/30/20 (Call 09/30/16)b	$	200	$	182,500
				182,500
KAZAKHSTAN — 1.76%
Kazakhstan Temir Zholy Finance BV
6.38%, 10/06/20b		200		211,420
Kazkommertsbank JSC
5.50%, 12/21/22 (Call 08/29/16)b		25		16,984
KazMunayGas National Co. JSC
6.38%, 04/09/21b		200		216,040
				444,444
LUXEMBOURG — 0.83%
Millicom International Cellular SA
6.63%, 10/15/21 (Call 10/15/17)b		200		208,740
				208,740
MALAYSIA — 1.28%
Petronas Capital Ltd.
3.50%, 03/18/25b		200		212,581
5.25%, 08/12/19b		100		110,122
				322,703
MEXICO — 11.30%
America Movil SAB de CV
5.00%, 03/30/20		100		111,369
6.13%, 03/30/40		100		128,618
6.38%, 03/01/35		100		127,362
Banco Santander Mexico SA
4.13%, 11/09/22b		150		156,904
BBVA Bancomer SA/Texas
6.75%, 09/30/22b		150		170,925
Cemex Finance LLC
6.00%, 04/01/24 (Call 04/01/19)b		200		205,000
Coca-Cola FEMSA SAB de CV
3.88%, 11/26/23		150		163,068
Comision Federal de Electricidad
4.88%, 01/15/24b		200		214,000
Grupo Bimbo SAB de CV
4.50%, 01/25/22b		100		109,130
Grupo Televisa SAB
6.63%, 01/15/40		106		126,314
Mexichem SAB de CV
4.88%, 09/19/22b		200		216,000
Petroleos Mexicanos
3.50%, 07/18/18		100		101,550
3.50%, 07/23/20		100		100,625
3.50%, 01/30/23		75		71,063
4.88%, 01/24/22		75		77,063
4.88%, 01/18/24		40		40,700
5.50%, 01/21/21		75		79,875
5.50%, 06/27/44		110		99,538
5.63%, 01/23/46		175		160,317

2

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

July 31, 2016

Security	Principal (000s)		Value
5.75%, 03/01/18	$	50	$	52,400
6.38%, 01/23/45		100		99,850
6.50%, 06/02/41		90		90,135
6.63%, 06/15/35		50		51,698
6.63%, 06/15/38		25		25,688
8.00%, 05/03/19		60		67,458
				2,846,650
MOROCCO — 0.86%
OCP SA
5.63%, 04/25/24b		200		216,920
				216,920
PERU — 1.96%
Banco de Credito del Peru/Panama
5.38%, 09/16/20b		100		111,155
Corp. Financiera de Desarrollo SA
4.75%, 07/15/25b		200		215,750
Southern Copper Corp.
5.88%, 04/23/45		50		49,726
7.50%, 07/27/35		100		116,637
				493,268
PHILIPPINES — 0.55%
Power Sector Assets & Liabilities Management Corp.
7.39%, 12/02/24b		100		137,457
				137,457
QATAR — 2.61%
CBQ Finance Ltd.
7.50%, 11/18/19b		100		115,000
Ooredoo International Finance Ltd.
5.00%, 10/19/25b		200		226,500
Qatari Diar Finance QSC
5.00%, 07/21/20b		100		110,500
QNB Finance Ltd.
2.88%, 04/29/20b		200		204,900
				656,900
RUSSIA — 9.71%
AK Transneft OJSC Via TransCapitalInvest Ltd.
8.70%, 08/07/18b		100		111,500
Alfa Bank OJSC Via Alfa Bond Issuance PLC
7.88%, 09/25/17b		100		106,000
Evraz Group SA
8.25%, 01/28/21b		200		215,332
Gazprom OAO Via Gaz Capital SA
4.95%, 02/06/28b		200		194,000
6.51%, 03/07/22b		100		109,015
9.25%, 04/23/19b		100		114,709
Lukoil International Finance BV
6.66%, 06/07/22b		120		135,461
7.25%, 11/05/19b		100		110,900
MMC Norilsk Nickel OJSC via MMC Finance Ltd.
5.55%, 10/28/20b		200		210,706
Rosneft Finance SA
7.25%, 02/02/20b		100		110,650

Security	Principal (000s)		Value
Sberbank of Russia Via SB Capital SA
6.13%, 02/07/22b	$	200	$	217,980
Severstal OAO Via Steel Capital SA
6.70%, 10/25/17b		100		104,979
VimpelCom Holdings BV
7.50%, 03/01/22b		200		221,102
Vnesheconombank Via VEB Finance PLC
6.80%, 11/22/25b		100		107,156
6.90%, 07/09/20b		100		107,060
VTB Bank OJSC Via VTB Capital SA
6.55%, 10/13/20b		100		108,907
6.88%, 05/29/18b		150		159,249
				2,444,706
SOUTH AFRICA — 2.07%
AngloGold Ashanti Holdings PLC
5.13%, 08/01/22		100		102,997
Eskom Holdings SOC Ltd.
5.75%, 01/26/21b		200		198,540
Myriad International Holdings BV
6.00%, 07/18/20b		200		219,740
				521,277
SOUTH KOREA — 5.68%
Hyundai Capital America
2.13%, 10/02/17b		50		50,445
2.55%, 02/06/19b		100		101,981
KEB Hana Bank
2.50%, 06/12/19b		200		204,478
Korea Development Bank (The)
3.75%, 01/22/24		200		221,094
Korea Gas Corp.
3.88%, 02/12/24b		200		222,377
4.25%, 11/02/20b		100		110,335
Korea National Oil Corp.
2.75%, 01/23/19b		200		205,238
POSCO
4.25%, 10/28/20b		100		108,095
Woori Bank VRN, (5 year CMT + 3.328%)
5.00%, 06/10/45 (Call 06/10/20)b		200		207,318
				1,431,361
THAILAND — 1.28%
Bangkok Bank PCL/Hong Kong
4.80%, 10/18/20b		100		110,878
PTT PCL
3.38%, 10/25/22b		200		210,409
				321,287
TURKEY — 3.76%
Akbank TAS
5.00%, 10/24/22b		150		147,750
Turkiye Garanti Bankasi AS
6.25%, 04/20/21b		200		209,000
Turkiye Is Bankasi
3.88%, 11/07/17b		200		199,500

3

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

July 31, 2016

Security	Principal (000s)		Value
Turkiye Vakiflar Bankasi TAO VRN, (5 year USD Swap + 5.439%)
6.88%, 02/03/25 (Call 02/03/20)b	$	200	$	196,150
Yapi ve Kredi Bankasi AS
4.00%, 01/22/20b		200		193,512
				945,912
UNITED ARAB EMIRATES — 2.45%
Abu Dhabi National Energy Co.
6.50%, 10/27/36b		100		130,750
ADCB Finance Cayman Ltd.
2.50%, 03/06/18b		200		201,200
Dolphin Energy Ltd.
5.89%, 06/15/19b		50		53,409
DP World Ltd.
6.85%, 07/02/37b		100		115,000
Dubai Electricity & Water Authority
7.38%, 10/21/20b		100		117,825
				618,184
UNITED STATES — 0.83%
Trust F/1401
5.25%, 01/30/26 (Call 10/30/25)b		200		210,250
				210,250
VENEZUELA — 1.87%
Petroleos de Venezuela SA
5.38%, 04/12/27b		90		32,874
5.50%, 04/12/37b		50		17,750
6.00%, 05/16/24b		170		63,325
6.00%, 11/15/26b		185		67,525
8.50%, 11/02/17b		163		127,155
9.00%, 11/17/21b		75		36,920
9.75%, 05/17/35b		125		55,000
12.75%, 02/17/22b		130		70,785
				471,334
TOTAL CORPORATE BONDS & NOTES
(Cost: $23,830,276)				23,877,492
FOREIGN GOVERNMENT OBLIGATIONSa — 3.68%
BRAZIL — 0.85%
Banco Nacional de Desenvolvimento Economico e Social
5.50%, 07/12/20b		100		105,150
6.50%, 06/10/19b		100		107,500
				212,650
SOUTH KOREA — 1.72%
Export-Import Bank of Korea
2.88%, 01/21/25		200		209,592
4.38%, 09/15/21		200		223,925
				433,517

Security	Principal or Shares (000s)		Value
UNITED ARAB EMIRATES — 1.11%
International Petroleum Investment Co.
5.00%, 11/15/20b	$	250	$	280,000
				280,000
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $892,946)				926,167
SHORT-TERM INVESTMENTS — 3.42%
MONEY MARKET FUNDS — 3.42%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.57%d,e,f		556		555,777
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%d,e,f		120		119,723
BlackRock Cash Funds: Treasury, SL Agency Shares
0.28%d,e		185		185,469
				860,969
TOTAL SHORT-TERM INVESTMENTS
(Cost: $860,969)				860,969
TOTAL INVESTMENTS IN SECURITIES — 101.91%
(Cost: $25,584,191)g				25,664,628
Other Assets, Less Liabilities — (1.91)%				(481,761	)
NET ASSETS — 100.00%			$	25,182,867

VRN —  Variable Rate Note

^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.

^d  Affiliated money market fund.

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

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $25,584,436. Net unrealized appreciation was $80,192, of which $802,448 represented gross unrealized appreciation on securities and $722,256 represented gross unrealized depreciation on securities.

4

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

July 31, 2016

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

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

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Corporate bonds & notes	$	—	$	23,877,492	$	—	$	23,877,492
Foreign government obligations		—		926,167		—		926,167
Money market funds		860,969		—		—		860,969
Total	$	860,969	$	24,803,659	$	—	$	25,664,628

5

Schedule of Investments (Unaudited)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2016

Security	Principal (000s)		Value
CORPORATE BONDS & NOTESa — 40.46%
ARGENTINA — 0.88%
YPF SA
8.50%, 03/23/21b	$	100	$	107,250
8.50%, 07/28/25b		185		194,944
8.75%, 04/04/24b		178		190,905
8.88%, 12/19/18b		87		94,395
				587,494
AZERBAIJAN — 0.61%
Southern Gas Corridor CJSC
6.88%, 03/24/26b		200		219,200
State Oil Co. of the Azerbaijan Republic
4.75%, 03/13/23b		200		188,268
				407,468
BARBADOS — 0.32%
Columbus International Inc.
7.38%, 03/30/21 (Call 03/30/18)b		200		213,442
				213,442
BRAZIL — 16.77%
Banco Bradesco SA/Cayman Islands
5.90%, 01/16/21b		400		421,000
Banco BTG Pactual SA/Cayman Islands
5.75%, 09/28/22b		200		175,000
Banco do Brasil SA/Cayman Islands
3.88%, 10/10/22		200		187,100
5.88%, 01/26/22b		200		200,750
5.88%, 01/19/23b		200		199,000
Banco Votorantim SA
7.38%, 01/21/20b		100		103,750
Braskem Finance Ltd.
5.38%, 05/02/22b		200		203,500
BRF SA
4.75%, 05/22/24b		200		208,000
Caixa Economica Federal
3.50%, 11/07/22b		150		136,125
4.25%, 05/13/19b		200		200,000
4.50%, 10/03/18b		150		151,650
Centrais Eletricas Brasileiras SA
5.75%, 10/27/21b		200		191,250
6.88%, 07/30/19b		100		102,530
CSN Resources SA
6.50%, 07/21/20b		100		58,470
Embraer Netherlands Finance BV
5.05%, 06/15/25		200		200,750
GTL Trade Finance Inc.
7.25%, 04/16/44 (Call 10/16/43)b		200		187,000
Itau Unibanco Holding SA/Cayman Islands
2.85%, 05/26/18b		200		199,800
5.13%, 05/13/23b		200		201,028
5.65%, 03/19/22b		200		207,000
5.75%, 01/22/21b		300		313,500
6.20%, 12/21/21b		200		212,374
JBS Investments GmbH
7.75%, 10/28/20 (Call 10/28/17)b		200		212,000

Security	Principal (000s)		Value
JBS USA LLC/JBS USA Finance Inc.
5.75%, 06/15/25 (Call 06/15/20)b	$	100	$	97,500
5.88%, 07/15/24 (Call 07/15/19)b		100		99,500
7.25%, 06/01/21 (Call 08/29/16)b		200		206,500
8.25%, 02/01/20 (Call 08/29/16)b		100		103,750
Minerva Luxembourg SA
7.75%, 01/31/23 (Call 01/31/18)b		200		211,000
Odebrecht Drilling Norbe VIII/IX Ltd.
6.35%, 06/30/22 (Call 06/30/20)b		150		39,563
Odebrecht Finance Ltd.
5.25%, 06/27/29b		200		58,000
Odebrecht Offshore Drilling Finance Ltd.
6.75%, 10/01/23 (Call 12/01/21)b		173		27,757
Petrobras Global Finance BV
3.00%, 01/15/19		280		267,400
4.38%, 05/20/23		450		385,875
4.88%, 03/17/20		150		146,117
5.38%, 01/27/21		650		616,687
5.63%, 05/20/43		200		146,000
5.75%, 01/20/20		350		349,335
6.25%, 03/17/24		300		281,250
6.85%, 06/05/49		300		229,050
6.88%, 01/20/40		200		165,690
7.25%, 03/17/44		100		85,320
7.88%, 03/15/19		325		344,662
8.38%, 05/23/21		775		819,369
8.75%, 05/23/26		350		363,895
Petrobras International Finance Co. SA
6.75%, 01/27/41		200		164,000
Rio Oil Finance Trust Series 2014-1
9.25%, 07/06/24b		169		144,406
Samarco Mineracao SA
5.75%, 10/24/23b		200		79,000
Vale Overseas Ltd.
4.38%, 01/11/22		200		194,250
4.63%, 09/15/20		100		100,502
5.63%, 09/15/19		200		211,000
5.88%, 06/10/21		100		103,500
6.88%, 11/21/36		300		288,750
6.88%, 11/10/39		200		189,310
8.25%, 01/17/34		100		105,513
Vale SA
5.63%, 09/11/42		200		170,500
Votorantim Cimentos SA
7.25%, 04/05/41b		200		192,500
				11,259,028
CHILE — 0.31%
VTR Finance BV
6.88%, 01/15/24 (Call 01/15/19)b		200		206,000
				206,000
CHINA — 1.73%
Agile Property Holdings Ltd.
8.38%, 02/18/19 (Call 02/18/17)b		200		213,256
Country Garden Holdings Co. Ltd.
7.25%, 04/04/21 (Call 10/04/17)b		200		213,375

6

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2016

Security	Principal (000s)		Value
7.50%, 03/09/20 (Call 03/09/18)b	$	200	$	216,014
Evergrande Real Estate Group Ltd.
8.75%, 10/30/18 (Call 10/30/16)b		300		309,000
Trillion Chance Ltd.
8.50%, 01/10/19 (Call 01/10/17)b		200		211,764
				1,163,409
COLOMBIA — 0.89%
Bancolombia SA
5.13%, 09/11/22		200		206,500
Colombia Telecomunicaciones SA ESP
5.38%, 09/27/22 (Call 09/27/17)b		200		195,000
Grupo Aval Ltd.
4.75%, 09/26/22b		200		193,060
				594,560
HONG KONG — 0.33%
Shimao Property Holdings Ltd.
8.13%, 01/22/21 (Call 01/22/18)b		200		221,684
				221,684
INDIA — 1.46%
ABJA Investment Co. Pte Ltd.
4.85%, 01/31/20b		200		205,236
ICICI Bank Ltd. VRN, (6 mo. LIBOR US + 2.280%)
6.38%, 04/30/22 (Call 04/30/17)b		100		101,704
IDBI Bank Ltd.
3.75%, 01/25/19b		200		203,140
Vedanta Resources PLC
6.00%, 01/31/19b		200		183,000
8.25%, 06/07/21b		200		185,000
9.50%, 07/18/18b		100		101,518
				979,598
INDONESIA — 3.37%
Majapahit Holding BV
7.75%, 01/20/20b		200		230,250
7.88%, 06/29/37b		200		261,354
8.00%, 08/07/19b		250		287,110
Pelabuhan Indonesia II PT
4.25%, 05/05/25b		200		202,750
Pertamina Persero PT
4.30%, 05/20/23b		200		205,625
4.88%, 05/03/22b		200		213,100
5.63%, 05/20/43b		200		206,791
6.00%, 05/03/42b		200		215,284
6.45%, 05/30/44b		200		226,583
Perusahaan Gas Negara Persero Tbk
5.13%, 05/16/24b		200		216,622
				2,265,469
JAMAICA — 0.79%
Digicel Group Ltd.
7.13%, 04/01/22 (Call 04/01/17)b		200		164,940
8.25%, 09/30/20 (Call 09/30/16)b		200		182,500
Digicel Ltd.
6.00%, 04/15/21 (Call 08/29/16)b		200		185,750
				533,190

Security	Principal (000s)		Value
KAZAKHSTAN — 1.32%
Kazakhstan Temir Zholy Finance BV
6.95%, 07/10/42b	$	200	$	209,500
Kazkommertsbank JSC
5.50%, 12/21/22 (Call 08/29/16)b		100		67,830
KazMunaiGaz Finance Sub BV
9.13%, 07/02/18b		160		176,016
KazMunayGas National Co. JSC
6.38%, 04/09/21b		200		216,040
7.00%, 05/05/20b		200		218,000
				887,386
LUXEMBOURG — 0.31%
Millicom International Cellular SA
6.63%, 10/15/21 (Call 10/15/17)b		200		208,740
				208,740
MEXICO — 1.90%
Banco Santander Mexico SA VRN, (5 year CMT + 4.580%)
5.95%, 01/30/24 (Call 01/30/19)b		200		210,864
BBVA Bancomer SA/Texas
7.25%, 04/22/20b		100		110,650
Cemex Finance LLC
6.00%, 04/01/24 (Call 04/01/19)b		200		205,000
9.38%, 10/12/22 (Call 10/12/17)b		300		331,125
Cemex SAB de CV
5.70%, 01/11/25 (Call 01/11/20)b		200		200,440
7.25%, 01/15/21 (Call 01/15/18)b		200		217,480
				1,275,559
NETHERLANDS — 0.31%
Marfrig Holdings Europe BV
8.00%, 06/08/23 (Call 06/08/19)b		200		205,000
				205,000
RUSSIA — 3.96%
Alfa Bank AO Via Alfa Bond Issuance PLC
5.00%, 11/27/18b		200		206,745
7.75%, 04/28/21b		100		113,654
ALROSA Finance SA
7.75%, 11/03/20b		200		226,552
Evraz Group SA
6.50%, 04/22/20b		200		203,120
6.75%, 04/27/18b		200		208,000
Metalloinvest Finance DAC
5.63%, 04/17/20b		200		209,500
MMC Norilsk Nickel OJSC via MMC Finance Ltd.
6.63%, 10/14/22b		200		222,122
Russian Agricultural Bank OJSC Via RSHB Capital SA
5.10%, 07/25/18b		200		205,414
Sberbank of Russia Via SB Capital SA
5.13%, 10/29/22b		200		201,700

7

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2016

Security	Principal (000s)		Value
Severstal OAO Via Steel Capital SA
5.90%, 10/17/22b	$	200	$	215,335
Vimpel Communications Via VIP Finance Ireland Ltd. OJSC
7.75%, 02/02/21b		200		220,748
VimpelCom Holdings BV
7.50%, 03/01/22b		200		221,102
VTB Bank OJSC Via VTB Capital SA
6.95%, 10/17/22b		200		207,400
				2,661,392
SOUTH AFRICA — 1.48%
AngloGold Ashanti Holdings PLC
5.13%, 08/01/22		200		205,994
Eskom Holdings SOC Ltd.
7.13%, 02/11/25b		360		367,258
Gold Fields Orogen Holding BVI Ltd.
4.88%, 10/07/20b		200		202,000
Myriad International Holdings BV
6.00%, 07/18/20b		200		219,740
				994,992
SOUTH KOREA — 0.31%
Woori Bank VRN, (5 year CMT + 3.328%)
5.00%, 06/10/45 (Call 06/10/20)b		200		207,318
				207,318
TRINIDAD AND TOBAGO — 0.46%
Consolidated Energy Finance SA
6.75%, 10/15/19 (Call 10/15/16)b		200		198,500
Petroleum Co. of Trinidad & Tobago Ltd.
9.75%, 08/14/19b		100		108,875
				307,375
TURKEY — 0.57%
Turkiye Vakiflar Bankasi TAO
6.00%, 11/01/22b		200		193,400
Yapi ve Kredi Bankasi AS
5.50%, 12/06/22b		200		191,978
				385,378
UNITED KINGDOM — 0.31%
Sable International Finance Ltd.
6.88%, 08/01/22 (Call 08/01/18)b		200		205,000
				205,000
VENEZUELA — 2.07%
Petroleos de Venezuela SA
5.38%, 04/12/27b		370		135,146
5.50%, 04/12/37b		120		42,600
6.00%, 05/16/24b		570		212,325
6.00%, 11/15/26b		475		173,375
8.50%, 11/02/17b		481		374,199
9.00%, 11/17/21b		270		132,913
9.75%, 05/17/35b		330		145,200
12.75%, 02/17/22b		325		176,963
				1,392,721
TOTAL CORPORATE BONDS & NOTES
(Cost: $26,972,531)				27,162,203

Security	Principal (000s)		Value
FOREIGN GOVERNMENT OBLIGATIONSa — 57.22%
ARGENTINA — 2.90%
Argentine Republic Government International Bond
2.50%, 12/31/38c	$	644	$	436,310
7.50%, 04/22/26b		750		814,500
8.28%, 12/31/33		147		161,494
8.28%, 12/31/33		477		535,088
				1,947,392
BAHRAIN — 1.17%
Bahrain Government International Bond
5.88%, 01/26/21b		200		206,544
6.00%, 09/19/44b		200		165,000
6.13%, 07/05/22b		200		206,646
6.13%, 08/01/23b		200		206,000
				784,190
BRAZIL — 5.82%
Banco Nacional de Desenvolvimento Economico e Social
4.00%, 04/14/19b		200		201,750
5.50%, 07/12/20b		100		105,150
6.50%, 06/10/19b		200		215,000
Brazilian Government International Bond
2.63%, 01/05/23		200		184,300
4.25%, 01/07/25		500		494,250
4.88%, 01/22/21		550		583,825
5.00%, 01/27/45		600		548,400
5.63%, 01/07/41		100		98,700
5.88%, 01/15/19		300		327,750
6.00%, 04/07/26		200		220,800
7.13%, 01/20/37		300		346,800
8.25%, 01/20/34		200		251,500
10.13%, 05/15/27		225		330,187
				3,908,412
COSTA RICA — 0.63%
Costa Rica Government International Bond
7.00%, 04/04/44b		400		423,000
				423,000
CROATIA — 1.30%
Croatia Government International Bond
5.50%, 04/04/23b		200		215,000
6.00%, 01/26/24b		200		221,350
6.63%, 07/14/20b		200		220,174
6.75%, 11/05/19b		200		219,094
				875,618

8

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2016

Security	Principal (000s)		Value
DOMINICAN REPUBLIC — 1.77%
Dominican Republic International Bond
5.50%, 01/27/25b	$	400	$	415,000
5.88%, 04/18/24b		100		105,750
6.60%, 01/28/24b		100		110,250
6.85%, 01/27/45b		200		215,000
7.45%, 04/30/44b		200		228,000
7.50%, 05/06/21b		100		112,000
				1,186,000
ECUADOR — 0.56%
Ecuador Government International Bond
7.95%, 06/20/24b		200		173,500
10.50%, 03/24/20b		200		200,300
				373,800
EGYPT — 0.55%
Egypt Government International Bond
5.88%, 06/11/25b		400		372,080
				372,080
EL SALVADOR — 0.85%
El Salvador Government International Bond
5.88%, 01/30/25b		100		99,500
6.38%, 01/18/27b		100		101,500
7.63%, 02/01/41b		150		154,125
7.65%, 06/15/35b		130		135,200
7.75%, 01/24/23b		75		82,688
				573,013
GHANA — 0.58%
Ghana Government International Bond
7.88%, 08/07/23b		200		173,520
10.75%, 10/14/30b		200		217,600
				391,120
GUATEMALA — 0.50%
Guatemala Government Bond
4.88%, 02/13/28b		100		109,500
5.75%, 06/06/22b		200		227,000
				336,500
HUNGARY — 3.11%
Hungary Government International Bond
4.00%, 03/25/19		100		104,050
4.13%, 02/19/18		110		113,677
5.38%, 02/21/23		200		224,000
5.38%, 03/25/24		200		226,026
5.75%, 11/22/23		200		230,150
6.25%, 01/29/20		200		222,863
6.38%, 03/29/21		400		457,767
7.63%, 03/29/41		200		296,976
Magyar Export-Import Bank Zrt
5.50%, 02/12/18b		200		209,538
				2,085,047

Security	Principal (000s)		Value
INDONESIA — 6.74%
Indonesia Government International Bond
3.38%, 04/15/23b	$	200	$	203,877
3.75%, 04/25/22b		300		313,650
4.13%, 01/15/25b		200		211,885
4.63%, 04/15/43b		200		210,856
4.75%, 01/08/26b		200		222,621
4.88%, 05/05/21b		300		329,356
5.13%, 01/15/45b		200		224,899
5.25%, 01/17/42b		200		226,899
5.38%, 10/17/23b		200		227,895
5.88%, 03/13/20b		300		335,346
5.88%, 01/15/24b		200		233,896
5.95%, 01/08/46b		200		249,445
6.63%, 02/17/37b		100		129,027
6.75%, 01/15/44b		200		270,693
6.88%, 01/17/18b		200		215,027
7.75%, 01/17/38b		300		430,639
8.50%, 10/12/35b		200		300,800
11.63%, 03/04/19b		150		185,483
				4,522,294
IVORY COAST — 0.30%
Ivory Coast Government International Bond
6.38%, 03/03/28b		200		200,516
				200,516
JAMAICA — 0.91%
Jamaica Government International Bond
6.75%, 04/28/28		200		218,500
7.88%, 07/28/45		200		226,500
8.00%, 06/24/19		150		162,188
				607,188
LEBANON — 3.36%
Lebanon Government International Bond
5.15%, 11/12/18b		150		149,310
5.50%, 04/23/19		200		199,040
5.80%, 04/14/20b		100		99,220
6.00%, 01/27/23b		300		292,500
6.10%, 10/04/22b		200		197,744
6.15%, 06/19/20		100		100,513
6.20%, 02/26/25b		50		48,000
6.25%, 11/04/24b		125		120,900
6.38%, 03/09/20		200		202,032
6.60%, 11/27/26b		200		196,000
6.65%, 11/03/28b		100		97,478
6.65%, 02/26/30b		150		145,530
6.75%, 11/29/27b		150		148,008
7.05%, 11/02/35b		100		99,400
8.25%, 04/12/21b		150		162,562
				2,258,237
MOROCCO — 0.34%
Morocco Government International Bond
5.50%, 12/11/42b		200		228,500
				228,500

9

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2016

Security	Principal (000s)		Value
NIGERIA — 0.29%
Nigeria Government International Bond
6.38%, 07/12/23b	$	200	$	194,850
				194,850
PAKISTAN — 0.41%
Pakistan Government International Bond
8.25%, 04/15/24b		250		277,380
				277,380
RUSSIA — 6.88%
Russian Foreign Bond — Eurobond
3.50%, 01/16/19b		200		204,139
4.50%, 04/04/22b		200		212,217
4.88%, 09/16/23b		200		216,588
5.00%, 04/29/20b		400		426,000
5.63%, 04/04/42b		400		439,000
5.88%, 09/16/43b		200		227,442
7.50%, 03/31/30b,c		1,451		1,772,125
11.00%, 07/24/18b		500		585,790
12.75%, 06/24/28b		300		533,869
				4,617,170
SENEGAL — 0.33%
Senegal Government International Bond
8.75%, 05/13/21b		200		220,540
				220,540
SERBIA — 1.01%
Serbia International Bond
5.88%, 12/03/18b		200		212,426
7.25%, 09/28/21b		400		462,700
				675,126
SRI LANKA — 1.44%
Sri Lanka Government International Bond
5.88%, 07/25/22b		328		338,413
6.00%, 01/14/19b		200		208,301
6.25%, 10/04/20b		200		211,766
6.85%, 11/03/25b		200		210,605
				969,085
TURKEY — 8.12%
Export Credit Bank of Turkey
5.00%, 09/23/21b		200		199,975
Turkey Government International Bond
3.25%, 03/23/23		200		187,748
4.25%, 04/14/26		200		193,670
4.88%, 10/09/26		200		203,148
4.88%, 04/16/43		400		369,584
5.13%, 03/25/22		200		208,228
5.63%, 03/30/21		250		265,812
5.75%, 03/22/24		200		215,164
6.00%, 01/14/41		400		426,676
6.25%, 09/26/22		400		438,923
6.63%, 02/17/45		200		231,300

Security	Principal (000s)		Value
6.75%, 04/03/18	$	250	$	264,625
6.75%, 05/30/40		275		320,031
6.88%, 03/17/36		100		117,500
6.88%, 03/17/36		270		317,250
7.00%, 03/11/19		100		108,513
7.00%, 06/05/20		150		166,092
7.25%, 03/05/38		100		122,466
7.38%, 02/05/25		320		380,050
7.50%, 11/07/19		150		167,441
8.00%, 02/14/34		163		211,763
11.88%, 01/15/30		200		336,562
				5,452,521
UKRAINE — 2.37%
Ukraine Government International Bond
7.75%, 09/01/19b		100		99,270
7.75%, 09/01/20b		200		197,040
7.75%, 09/01/21b		200		196,040
7.75%, 09/01/22b		100		97,895
7.75%, 09/01/23b		225		219,139
7.75%, 09/01/24b		105		101,871
7.75%, 09/01/25b		205		198,378
7.75%, 09/01/26b		200		193,040
7.75%, 09/01/27b		100		96,270
Ukreximbank Via Biz Finance PLC
9.75%, 01/22/25b		200		194,000
				1,592,943
UNITED STATES — 2.25%
Argentine Republic Government International Bond
6.25%, 04/22/19b		300		318,000
6.88%, 04/22/21b		600		645,600
7.63%, 04/22/46b		300		319,500
Brazilian Government International Bond
8.75%, 02/04/25		100		129,250
Lebanese Republic
6.85%, 05/25/29		100		97,716
				1,510,066
VENEZUELA — 2.41%
Venezuela Government International Bond
6.00%, 12/09/20b		180		78,525
7.00%, 12/01/18b		150		80,250
7.00%, 03/31/38b		100		40,875
7.65%, 04/21/25b		183		77,775
7.75%, 10/13/19b		225		107,719
8.25%, 10/13/24b		300		130,125
9.00%, 05/07/23b		210		93,188
9.25%, 09/15/27		450		216,562
9.25%, 05/07/28b		240		106,200
9.38%, 01/13/34		135		59,906
11.75%, 10/21/26b		365		176,569
11.95%, 08/05/31b		470		225,012
12.75%, 08/23/22b		325		171,031
13.63%, 08/15/18		75		50,325
				1,614,062

10

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2016

Security	Principal or Shares (000s)		Value
VIETNAM — 0.32%
Vietnam Government International Bond
4.80%, 11/19/24b	$	200	$	213,613
				213,613
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $38,041,618)				38,410,263
SHORT-TERM INVESTMENTS — 1.55%
MONEY MARKET FUNDS — 1.55%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.28%d,e		1,040		1,039,777
				1,039,777
TOTAL SHORT-TERM INVESTMENTS
(Cost: $1,039,777)				1,039,777
TOTAL INVESTMENTS IN SECURITIES — 99.23%
(Cost: $66,053,926)f				66,612,243
Other Assets, Less Liabilities — 0.77%				516,917
NET ASSETS — 100.00%			$	67,129,160

VRN —  Variable Rate Note

^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  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.

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

^e  Affiliated money market fund.

^f The cost of investments for federal income tax purposes was $66,360,263. Net unrealized appreciation was $251,980, of which $3,255,623 represented gross unrealized appreciation on securities and $3,003,643 represented gross unrealized depreciation on securities.

11

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2016

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

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

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Corporate bonds & notes	$	—	$	27,162,203	$	—	$	27,162,203
Foreign government obligations		—		38,410,263		—		38,410,263
Money market funds		1,039,777		—		—		1,039,777
Total	$	1,039,777	$	65,572,466	$	—	$	66,612,243

12

Schedule of Investments (Unaudited)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

July 31, 2016

Security		Principal (000s)		Value
FOREIGN GOVERNMENT OBLIGATIONS — 97.27%
BRAZIL — 13.51%
Brazil Letras do Tesouro Nacional
0.00%, 10/01/16	BRL		10,609	$	3,207,110
0.00%, 01/01/17	BRL		60,803		17,803,764
0.00%, 07/01/17	BRL		14,686		4,051,707
0.00%, 01/01/18	BRL		19,028		4,964,866
0.00%, 07/01/18	BRL		11,912		2,942,992
0.00%, 01/01/19	BRL		31,557		7,392,731
Brazil Notas do Tesouro Nacional
Series F
10.00%, 01/01/18	BRL		389		116,372
10.00%, 01/01/19	BRL		13,208		3,916,302
10.00%, 01/01/21	BRL		24,326		7,064,382
10.00%, 01/01/23	BRL		14,551		4,143,925
10.00%, 01/01/25	BRL		30,350		8,552,602
10.00%, 01/01/27	BRL		6,168		1,728,638
Brazilian Government International Bond
8.50%, 01/05/24	BRL		500		138,055
10.25%, 01/10/28	BRL		1,420		431,065
12.50%, 01/05/22	BRL		1,633		533,615
					66,988,126
CHILE — 0.36%
Bonos del Banco Central de Chile en Pesos
4.50%, 04/01/20	CLP		220,000		341,394
4.50%, 06/01/20	CLP		510,000		791,124
6.00%, 02/01/21	CLP		220,000		362,321
Chile Government International Bond
5.50%, 08/05/20	CLP		173,000		280,441
					1,775,280
COLOMBIA — 4.18%
Colombia Government International Bond
7.75%, 04/14/21	COP		496,000		166,480
9.85%, 06/28/27	COP		2,058,000		801,847
Colombian TES
6.00%, 04/28/28	COP		12,669,000		3,577,833
7.00%, 09/11/19	COP		18,880,000		6,109,186
7.00%, 05/04/22	COP		5,322,000		1,705,086
7.50%, 08/26/26	COP		4,752,800		1,529,868
7.75%, 09/18/30	COP		4,050,000		1,316,498
10.00%, 07/24/24	COP		7,564,000		2,837,144
11.00%, 07/24/20	COP		4,602,300		1,687,317
11.25%, 10/24/18	COP		2,861,200		1,005,586
					20,736,845
CZECH REPUBLIC — 4.19%
Czech Republic Government Bond
0.85%, 03/17/18a	CZK		66,740		2,802,406
1.50%, 10/29/19a	CZK		24,930		1,082,205
3.75%, 09/12/20a	CZK		26,100		1,248,087
3.85%, 09/29/21a	CZK		33,810		1,677,024
4.00%, 04/11/17a	CZK		19,820		842,333

Security		Principal (000s)		Value
4.20%, 12/04/36a	CZK		16,780	$	1,095,593
4.60%, 08/18/18a	CZK		15,850		718,628
4.70%, 09/12/22a	CZK		142,270		7,561,427
5.00%, 04/11/19a	CZK		33,270		1,564,150
5.70%, 05/25/24a	CZK		37,010		2,191,480
					20,783,333
HUNGARY — 3.85%
Hungary Government Bond
3.50%, 06/24/20	HUF		258,000		989,560
4.00%, 04/25/18	HUF		365,770		1,382,792
5.50%, 12/20/18	HUF		211,430		834,582
5.50%, 06/24/25	HUF		251,780		1,101,273
6.00%, 11/24/23	HUF		638,810		2,840,125
6.50%, 06/24/19	HUF		857,070		3,526,912
6.75%, 11/24/17	HUF		310,310		1,204,153
7.00%, 06/24/22	HUF		1,192,660		5,424,260
7.50%, 11/12/20	HUF		396,400		1,757,448
					19,061,105
INDONESIA — 4.37%
Indonesia Treasury Bond
5.63%, 05/15/23	IDR		19,436,000		1,371,715
6.63%, 05/15/33	IDR		20,316,000		1,426,812
7.00%, 05/15/22	IDR		10,666,000		816,197
7.88%, 04/15/19	IDR		48,530,000		3,812,449
8.25%, 06/15/32	IDR		53,542,000		4,412,080
8.38%, 03/15/24	IDR		13,138,000		1,086,868
8.38%, 09/15/26	IDR		6,000,000		504,965
8.38%, 03/15/34	IDR		8,274,000		685,052
8.75%, 02/15/44	IDR		2,000,000		170,714
9.00%, 03/15/29	IDR		4,000,000		347,692
9.50%, 07/15/31	IDR		33,570,000		3,030,898
10.00%, 07/15/17	IDR		3,100,000		244,182
10.00%, 09/15/24	IDR		5,860,000		526,364
10.00%, 02/15/28	IDR		9,815,000		909,483
10.50%, 07/15/38	IDR		4,860,000		483,974
11.00%, 11/15/20	IDR		11,664,000		1,024,395
11.00%, 09/15/25	IDR		8,485,000		812,613
					21,666,453
ISRAEL — 4.32%
Israel Government Bond — Fixed
1.75%, 08/31/25	ILS		4,970		1,313,228
2.25%, 05/31/19	ILS		4,169		1,151,158
4.00%, 01/31/18	ILS		10,084		2,797,732
4.25%, 03/31/23	ILS		21,341		6,697,706
5.00%, 01/31/20	ILS		6,909		2,095,743
5.50%, 02/28/17	ILS		5,850		1,582,288
5.50%, 01/31/22	ILS		3,150		1,029,634
5.50%, 01/31/42	ILS		3,246		1,265,837
6.00%, 02/28/19	ILS		6,028		1,811,937
6.25%, 10/30/26	ILS		4,450		1,660,502
					21,405,765
MALAYSIA — 4.29%
Malaysia Government Bond
3.26%, 03/01/18	MYR		11,300		2,809,690
3.48%, 03/15/23	MYR		4,500		1,104,863

13

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

July 31, 2016

Security		Principal (000s)		Value
3.49%, 03/31/20	MYR		3,449	$	857,857
3.50%, 05/31/27	MYR		1,904		451,782
4.01%, 09/15/17	MYR		27,181		6,787,003
4.05%, 09/30/21	MYR		3,374		859,833
4.13%, 04/15/32	MYR		3,274		799,353
4.39%, 04/15/26	MYR		12,544		3,258,081
4.50%, 04/15/30	MYR		3,300		854,279
4.94%, 09/30/43	MYR		1,975		513,859
5.73%, 07/30/19	MYR		4,418		1,168,010
Malaysia Government Investment Issue
4.17%, 04/30/21	MYR		7,098		1,800,038
					21,264,648
MEXICO — 7.26%
Mexican Bonos
5.00%, 06/15/17	MXN		23,466		1,254,029
6.50%, 06/10/21	MXN		61,634		3,409,371
7.25%, 12/15/16	MXN		14,627		788,425
7.50%, 06/03/27	MXN		121,477		7,223,871
7.75%, 12/14/17	MXN		117,318		6,509,073
7.75%, 05/29/31	MXN		40,248		2,454,427
7.75%, 11/13/42	MXN		47,843		2,985,779
8.00%, 06/11/20	MXN		10,320		598,019
8.00%, 12/07/23	MXN		47,246		2,851,453
8.50%, 12/13/18	MXN		34,643		1,977,687
8.50%, 11/18/38	MXN		6,451		428,386
10.00%, 12/05/24	MXN		56,020		3,806,086
10.00%, 11/20/36	MXN		9,945		749,201
United Mexican States
6.50%, 06/09/22	MXN		16,799		931,051
					35,966,858
PERU — 1.51%
Peru Government Bond
5.70%, 08/12/24	PEN		4,995		1,505,954
6.85%, 02/12/42	PEN		1,510		476,687
6.90%, 08/12/37	PEN		2,481		798,258
6.95%, 08/12/31	PEN		778		253,096
7.84%, 08/12/20	PEN		3,092		1,009,687
8.20%, 08/12/26	PEN		9,713		3,429,778
					7,473,460
PHILIPPINES — 4.40%
Philippine Government Bond
2.13%, 05/23/18	PHP		3,700		78,264
2.88%, 05/22/17	PHP		26,500		565,916
3.38%, 08/20/20	PHP		66,000		1,434,712
3.50%, 03/20/21	PHP		11,000		239,763
3.63%, 09/09/25	PHP		82,600		1,808,223
3.88%, 11/22/19	PHP		194,220		4,278,570
4.00%, 12/06/22	PHP		36,140		811,412
4.13%, 08/20/24	PHP		50,000		1,127,754
4.63%, 09/09/40	PHP		118,800		2,760,442
5.00%, 08/18/18	PHP		27,950		619,979
6.38%, 01/19/22	PHP		15,408		383,045
7.00%, 03/31/17	PHP		23,140		507,415
8.00%, 07/19/31	PHP		45,500		1,492,460
8.13%, 12/16/35	PHP		49,777		1,610,519
8.50%, 11/29/32	PHP		45,430		1,506,230
Philippine Government International Bond
4.95%, 01/15/21	PHP		52,000		1,178,615
6.25%, 01/14/36	PHP		57,000		1,400,547
					21,803,866

Security		Principal (000s)		Value
POLAND — 3.99%
Poland Government Bond
1.50%, 04/25/20	PLN		6,690	$	1,684,506
2.50%, 07/25/26	PLN		3,300		819,298
3.25%, 07/25/19	PLN		7,857		2,097,224
3.25%, 07/25/25	PLN		5,617		1,491,555
3.75%, 04/25/18	PLN		3,778		1,004,802
4.00%, 10/25/23	PLN		6,866		1,924,349
4.75%, 10/25/16	PLN		1,258		325,291
4.75%, 04/25/17	PLN		10,593		2,782,600
5.25%, 10/25/20	PLN		3,121		902,798
5.50%, 10/25/19	PLN		3,477		993,297
5.75%, 09/23/22	PLN		18,914		5,772,291
					19,798,011
ROMANIA — 2.73%
Romania Government Bond
4.75%, 06/24/19	RON		11,565		3,149,262
5.60%, 11/28/18	RON		11,380		3,131,294
5.80%, 07/26/27	RON		3,750		1,133,231
5.85%, 04/26/23	RON		11,930		3,550,214
5.90%, 07/26/17	RON		1,710		450,311
6.75%, 06/11/17	RON		2,560		674,741
Romanian Government International Bond
4.75%, 08/29/16	RON		5,820		1,463,568
					13,552,621
RUSSIA — 4.32%
Russian Federal Bond — OFZ
6.70%, 05/15/19	RUB		70,187		1,003,458
6.80%, 12/11/19	RUB		144,334		2,057,428
6.90%, 08/03/16	RUB		27,000		407,542
7.00%, 01/25/23	RUB		482,528		6,771,846
7.05%, 01/19/28	RUB		60,500		826,884
7.40%, 04/19/17	RUB		133,861		1,993,587
7.40%, 06/14/17	RUB		6,786		100,764
7.50%, 03/15/18	RUB		112,673		1,665,730
7.50%, 02/27/19	RUB		84,000		1,228,488
7.60%, 04/14/21	RUB		227,127		3,305,403
8.15%, 02/03/27	RUB		101,366		1,509,732
Russian Foreign Bond — Eurobond
7.85%, 03/10/18a	RUB		35,000		518,573
					21,389,435
SOUTH AFRICA — 4.54%
South Africa Government Bond
6.25%, 03/31/36	ZAR		53,669		2,840,202
6.50%, 02/28/41	ZAR		16,785		885,583
6.75%, 03/31/21	ZAR		10,140		693,430
7.25%, 01/15/20	ZAR		16,428		1,160,542
8.00%, 12/21/18	ZAR		7,690		557,876
8.00%, 01/31/30	ZAR		102,727		6,819,905
8.25%, 09/15/17	ZAR		15,082		1,096,132
8.50%, 01/31/37	ZAR		17,880		1,197,391
8.75%, 02/28/48	ZAR		36,832		2,491,733

14

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

July 31, 2016

Security		Principal (000s)		Value
10.50%, 12/21/26	ZAR		56,270	$	4,567,114
13.50%, 09/15/16	ZAR		2,667		193,522
					22,503,430
SOUTH KOREA — 20.72%
Korea Monetary Stabilization Bond
1.71%, 04/02/17	KRW		7,096,220		6,353,497
1.96%, 02/02/17	KRW		2,560,000		2,293,407
2.07%, 12/02/16	KRW		2,400,000		2,148,462
2.22%, 10/02/16	KRW		6,740,000		6,026,498
2.46%, 08/02/16	KRW		925,080		825,878
Korea Treasury Bond
2.75%, 09/10/17	KRW		15,242,810		13,831,270
2.75%, 03/10/18	KRW		238,000		217,505
2.75%, 12/10/44	KRW		2,777,110		3,197,240
3.00%, 12/10/42	KRW		7,335,190		8,701,514
3.13%, 03/10/19	KRW		5,501,050		5,146,722
3.50%, 03/10/17	KRW		5,559,830		5,030,675
3.50%, 03/10/24	KRW		2,360,280		2,435,736
3.75%, 06/10/22	KRW		4,314,000		4,384,748
3.75%, 12/10/33	KRW		4,461,410		5,369,384
4.00%, 12/10/31	KRW		3,299,000		3,969,933
4.25%, 06/10/21	KRW		5,356,000		5,450,243
4.75%, 12/10/30	KRW		3,111,860		3,963,840
5.00%, 09/10/16	KRW		3,983,900		3,570,839
5.00%, 06/10/20	KRW		2,626,680		2,674,704
5.25%, 03/10/27	KRW		5,900,000		7,258,504
5.50%, 09/10/17	KRW		2,179,600		2,036,272
5.50%, 12/10/29	KRW		1,234,790		1,644,487
5.75%, 09/10/18	KRW		6,318,680		6,167,165
					102,698,523
THAILAND — 4.42%
Thailand Government Bond
3.58%, 12/17/27	THB		201,892		6,542,680
3.65%, 12/17/21	THB		30,650		966,087
3.78%, 06/25/32	THB		29,808		990,476
3.80%, 06/14/41	THB		4,988		170,547
3.85%, 12/12/25	THB		103,479		3,421,492
3.88%, 06/13/19	THB		58,450		1,786,492
4.13%, 11/18/16	THB		32,522		941,046
4.26%, 12/12/37a	THB		8,170		295,410
4.68%, 06/29/44	THB		3,500		140,392
4.85%, 06/17/61	THB		14,748		597,305
4.88%, 06/22/29	THB		49,500		1,820,372
5.13%, 03/13/18	THB		70,588		2,141,108
5.67%, 03/13/28	THB		16,395		629,125
6.15%, 07/07/26	THB		37,899		1,468,562
					21,911,094
TURKEY — 4.31%
Turkey Government Bond
6.30%, 02/14/18	TRY		18,412		5,932,031
8.00%, 03/12/25	TRY		4,540		1,383,901
8.50%, 07/10/19	TRY		6,818		2,236,830
8.50%, 09/14/22	TRY		17,630		5,632,757
8.80%, 09/27/23	TRY		4,703		1,514,903
9.00%, 03/08/17	TRY		4,492		1,502,344
9.00%, 07/24/24	TRY		4,123		1,341,245
10.50%, 01/15/20	TRY		2,113		734,609

Security		Principal or Shares (000s)		Value
10.60%, 02/11/26	TRY		3,000	$	1,074,428
					21,353,048
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $495,857,104)					482,131,901
SHORT-TERM INVESTMENTS — 0.15%
MONEY MARKET FUNDS — 0.15%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.28%b,c			733		733,437
					733,437
TOTAL SHORT-TERM INVESTMENTS
(Cost: $733,437)					733,437
TOTAL INVESTMENTS IN SECURITIES — 97.42%
(Cost: $496,590,541)d					482,865,338
Other Assets, Less Liabilities — 2.58%					12,773,096
NET ASSETS — 100.00%				$	495,638,434

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
PEN	—  Peru Nuevo Sol
PHP	—  Philippine Peso
PLN	—  Polish Zloty
RON	—  Romanian Leu
RUB	—  New Russian Ruble
THB	—  Thai Baht
TRY	—  Turkish Lira
ZAR	—  South African Rand

^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 money market fund.

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

^d  The cost of investments for federal income tax purposes was $501,237,361. Net unrealized depreciation was $18,372,023, of which $16,515,705 represented gross unrealized appreciation on securities and $34,887,728 represented gross unrealized depreciation on securities.

15

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

July 31, 2016

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

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

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Foreign government obligations	$	—	$	482,131,901	$	—	$	482,131,901
Money market funds		733,437		—		—		733,437
Total	$	733,437	$	482,131,901	$	—	$	482,865,338

16

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2016

Security		Principal (000s)		Value
CORPORATE BONDS & NOTES — 97.18%
AUSTRALIA — 0.44%
FMG Resources August 2006 Pty Ltd.
6.88%, 04/01/22 (Call 04/01/17)a	USD		65	$	63,405
9.75%, 03/01/22 (Call 03/01/18)a,b	USD		175		196,437
Origin Energy Finance Ltd.
VRN, (5 year EUR Swap + 3.670%)
4.00%, 09/16/74 (Call 09/16/19)c	EUR		100		96,881
Santos Finance Ltd.
VRN, (3 mo. Euribor + 6.851%)
8.25%, 09/22/70 (Call 09/22/17)	EUR		100		111,383
					468,106
AUSTRIA — 0.21%
Raiffeisen Bank International AG
6.63%, 05/18/21	EUR		100		120,098
VRN, (5 year EUR Swap + 3.300%)
4.50%, 02/21/25 (Call 02/21/20)c	EUR		100		98,589
					218,687
BELGIUM — 0.13%
Barry Callebaut Services NV
5.63%, 06/15/21c	EUR		100		135,970
					135,970
BERMUDA — 0.06%
Weatherford International Ltd.
8.25%, 06/15/23 (Call 03/15/23)b	USD		70		65,275
					65,275
CANADA — 3.35%
1011778 BC ULC/New Red Finance Inc.
4.63%, 01/15/22 (Call 10/01/17)a	USD		100		103,375
6.00%, 04/01/22 (Call 10/01/17)a,b	USD		225		235,969
Air Canada
6.75%, 10/01/19 (Call 10/01/16)a	USD		50		51,937
7.63%, 10/01/19 (Call 10/01/16)a	CAD		25		20,010
7.75%, 04/15/21a	USD		25		26,125
Athabasca Oil Corp.
7.50%, 11/19/17 (Call 08/29/16)c	CAD		50		37,959
Baytex Energy Corp.
6.63%, 07/19/22 (Call 07/19/17)	CAD		50		33,933
Bombardier Inc.
4.75%, 04/15/19a	USD		50		49,125
5.50%, 09/15/18a	USD		100		100,645
5.75%, 03/15/22a	USD		50		43,825
6.00%, 10/15/22 (Call 04/15/17)a	USD		100		88,250
6.13%, 05/15/21c	EUR		100		111,897
6.13%, 01/15/23a	USD		150		130,522
7.50%, 03/15/18a	USD		50		52,000
7.50%, 03/15/25 (Call 03/15/20)a	USD		125		109,439
7.75%, 03/15/20a,b	USD		50		50,588
Brookfield Residential Properties Inc.
6.13%, 05/15/23 (Call 05/15/18)a	CAD		50		37,288
6.50%, 12/15/20 (Call 08/29/16)a,b	USD		50		50,953

Security		Principal (000s)		Value
Brookfield Residential Properties Inc./Brookfield Residential U.S. Corp.
6.13%, 07/01/22 (Call 07/01/17)a	USD		25	$	24,713
Canadian Energy Services & Technology Corp.
7.38%, 04/17/20 (Call 04/17/17)	CAD		25		18,428
Cascades Inc.
5.50%, 07/15/21 (Call 07/15/17)a	CAD		25		19,333
Cenovus Energy Inc.
3.00%, 08/15/22 (Call 05/15/22)	USD		50		46,388
3.80%, 09/15/23 (Call 06/15/23)	USD		50		47,931
5.70%, 10/15/19	USD		100		106,308
Concordia International Corp.
7.00%, 04/15/23 (Call 04/15/18)a	USD		50		41,250
9.50%, 10/21/22 (Call 12/15/18)a,b	USD		75		68,629
Cott Beverages Inc.
5.38%, 07/01/22 (Call 07/01/17)	USD		50		51,321
6.75%, 01/01/20 (Call 01/01/17)	USD		50		52,500
Cott Finance Corp.
5.50%, 07/01/24 (Call 07/01/19)c	EUR		100		118,107
Gateway Casinos & Entertainment Ltd.
8.50%, 11/26/20 (Call 11/26/16)a	CAD		25		18,021
Gibson Energy Inc.
5.38%, 07/15/22 (Call 07/15/17)a	CAD		50		36,425
Great Canadian Gaming Corp.
6.63%, 07/25/22 (Call 07/25/17)a	CAD		50		39,780
Jupiter Resources Inc.
8.50%, 10/01/22 (Call 10/01/17)a,b	USD		125		93,750
Kinross Gold Corp.
5.13%, 09/01/21 (Call 06/01/21)	USD		50		51,125
5.95%, 03/15/24 (Call 12/15/23)	USD		5		5,117
Lundin Mining Corp.
7.50%, 11/01/20 (Call 11/01/17)a,b	USD		50		52,777
7.88%, 11/01/22 (Call 11/01/18)a	USD		25		26,563
Mattamy Group Corp.
6.88%, 11/15/20 (Call 08/29/16)a	CAD		50		38,342
MEG Energy Corp.
6.38%, 01/30/23 (Call 07/30/17)a	USD		75		52,887
6.50%, 03/15/21 (Call 08/29/16)a	USD		75		55,875
7.00%, 03/31/24 (Call 09/30/18)a	USD		100		72,500
Newalta Corp. Series 2
7.75%, 11/14/19 (Call 08/29/16)	CAD		22		14,818
NOVA Chemicals Corp.
5.00%, 05/01/25 (Call 01/31/25)a	USD		50		50,780
5.25%, 08/01/23 (Call 08/01/18)a,b	USD		50		51,312
Open Text Corp.
5.88%, 06/01/26 (Call 06/01/21)a	USD		100		103,939
Paramount Resources Ltd.
7.63%, 12/04/19 (Call 08/18/16)	CAD		50		39,684
Parkland Fuel Corp.
6.00%, 11/21/22 (Call 11/21/17)	CAD		50		39,205
Postmedia Network Inc.
8.25%, 08/16/17 (Call 08/29/16)a	CAD		20		13,906
Precision Drilling Corp.
5.25%, 11/15/24 (Call 05/15/19)	USD		25		20,050
6.63%, 11/15/20 (Call 08/29/16)	USD		50		45,928
Quebecor Media Inc.
5.75%, 01/15/23	USD		100		103,944
6.63%, 01/15/23a	CAD		50		40,259
7.38%, 01/15/21 (Call 08/29/16)	CAD		50		39,780
Russel Metals Inc.
6.00%, 04/19/22 (Call 04/19/17)a	CAD		25		19,255

17

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2016

Security		Principal (000s)		Value
Seven Generations Energy Ltd.
6.75%, 05/01/23 (Call 05/01/18)a,b	USD		25	$	25,179
Superior Plus LP
6.50%, 12/09/21 (Call 12/09/17)	CAD		25		19,746
Teck Resources Ltd.
3.75%, 02/01/23 (Call 11/01/22)	USD		100		81,750
4.50%, 01/15/21 (Call 10/15/20)	USD		50		45,250
4.75%, 01/15/22 (Call 10/15/21)	USD		50		44,563
8.00%, 06/01/21 (Call 06/01/18)a	USD		30		31,950
8.50%, 06/01/24 (Call 06/01/19)a	USD		50		54,375
Trilogy Energy Corp.
7.25%, 12/13/19 (Call 08/29/16)	CAD		25		18,117
Videotron Ltd.
5.00%, 07/15/22	USD		75		77,062
5.38%, 06/15/24 (Call 03/15/24)a	USD		50		51,625
5.63%, 06/15/25 (Call 03/15/25)	CAD		25		19,618
5.75%, 01/15/26 (Call 09/15/20)c	CAD		25		19,554
Yellow Pages Digital & Media Solutions Ltd.
9.25%, 11/30/18 (Call 08/29/16)	CAD		33		26,367
					3,569,926
DENMARK — 0.10%
TDC A/S VRN, (5 year EUR Swap + 3.110%)
3.50%, 02/26/49 (Call 02/26/21)c	EUR		100		106,068
					106,068
FINLAND — 0.18%
Nokia OYJ
5.38%, 05/15/19b	USD		75		81,008
Outokumpu OYJ
7.25%, 06/16/21 (Call 06/16/18)c	EUR		100		114,062
					195,070
FRANCE — 3.85%
3AB Optique Developpement SAS
5.63%, 04/15/19 (Call 08/29/16)c	EUR		100		111,944
Areva SA
3.25%, 09/04/20c	EUR		100		95,890
3.50%, 03/22/21	EUR		100		95,120
4.63%, 10/05/17c	EUR		100		110,285
4.88%, 09/23/24	EUR		100		96,785
Casino Guichard Perrachon SA
2.80%, 08/05/26 (Call 05/05/26)c	EUR		100		121,174
3.31%, 01/25/23c	EUR		100		124,977
CMA CGM SA
8.75%, 12/15/18 (Call 08/29/16)c	EUR		100		104,934
ContourGlobal Power Holdings SA
5.13%, 06/15/21 (Call 06/15/18)c	EUR		100		115,131
Credit Agricole SA VRN, (3 mo. LIBOR US + 6.982%)
8.38%, 10/29/49 (Call 10/13/19)a	USD		100		112,612
Elis SA
3.00%, 04/30/22 (Call 04/30/18)c	EUR		100		113,943
Faurecia
3.13%, 06/15/22 (Call 06/15/18)c	EUR		100		114,236
Groupama SA VRN, (3 mo. Euribor + 5.360%)
7.88%, 10/27/39 (Call 10/27/19)	EUR		100		118,684

Security		Principal (000s)		Value
Holding Medi-Partenaires SAS
7.00%, 05/15/20 (Call 08/08/16)c	EUR		100	$	117,356
Loxam SAS
4.88%, 07/23/21 (Call 07/23/17)c	EUR		100		117,440
Nexans SA
3.25%, 05/26/21 (Call 02/26/21)c	EUR		100		117,900
Peugeot SA
6.50%, 01/18/19c	EUR		100		128,297
7.38%, 03/06/18c	EUR		100		124,246
Rexel SA
3.50%, 06/15/23 (Call 06/15/19)c	EUR		100		114,525
SFR Group SA
5.38%, 05/15/22 (Call 05/15/17)c	EUR		100		115,157
5.63%, 05/15/24 (Call 05/15/19)c	EUR		100		113,881
6.00%, 05/15/22 (Call 05/15/17)a	USD		400		391,000
6.25%, 05/15/24 (Call 05/15/19)a	USD		200		192,000
7.38%, 05/01/26 (Call 05/01/21)a	USD		400		399,000
SGD Group SAS
5.63%, 05/15/19 (Call 08/08/16)c	EUR		100		114,653
SPCM SA
2.88%, 06/15/23 (Call 06/15/18)c	EUR		100		111,352
Synlab Bondco PLC
6.25%, 07/01/22 (Call 07/01/18)c	EUR		150		178,878
Tereos Finance Groupe I SA
4.13%, 06/16/23 (Call 03/16/23)c	EUR		100		112,345
Vallourec SA
3.25%, 08/02/19	EUR		100		107,003
WFS Global Holding SAS
9.50%, 07/15/22 (Call 07/15/18)c	EUR		100		104,848
					4,095,596
GERMANY — 3.97%
Deutsche Lufthansa AG VRN, (5 year EUR Swap + 4.783%)
5.13%, 08/12/75 (Call 02/12/21)c	EUR		100		118,718
Douglas GmbH
6.25%, 07/15/22 (Call 07/15/18)c	EUR		100		121,623
FMC Finance VIII SA
5.25%, 07/31/19c	EUR		100		127,245
Fresenius Finance BV
3.00%, 02/01/21c	EUR		100		122,606
4.00%, 02/01/24c	EUR		100		133,572
Fresenius Medical Care U.S. Finance II Inc.
4.13%, 10/15/20 (Call 07/17/20)a	USD		50		52,581
4.75%, 10/15/24 (Call 07/17/24)a	USD		50		53,250
5.63%, 07/31/19a	USD		100		109,975
5.88%, 01/31/22a	USD		50		56,375
Fresenius Medical Care U.S. Finance Inc.
5.75%, 02/15/21a,b	USD		75		84,469
Hapag-Lloyd AG
7.75%, 10/01/18 (Call 08/29/16)c	EUR		100		114,212
HeidelbergCement AG
2.25%, 03/30/23 (Call 12/30/22)c	EUR		75		87,660
HeidelbergCement Finance Luxembourg SA
3.25%, 10/21/21c	EUR		150		185,434
8.50%, 10/31/19c	EUR		100		139,789
9.50%, 12/15/18c	EUR		50		67,904
Norddeutsche Landesbank Girozentrale
6.00%, 06/29/20	EUR		50		59,253
Phoenix PIB Dutch Finance BV
3.13%, 05/27/20c	EUR		100		120,312

18

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2016

Security		Principal (000s)		Value
ProGroup AG
5.13%, 05/01/22 (Call 05/01/18)c	EUR		100	$	119,241
RWE AG VRN, (5 year EUR Swap + 2.643%)
2.75%, 04/21/75 (Call 10/21/20)c	EUR		100		97,454
Schaeffler Finance BV
3.25%, 05/15/25 (Call 05/15/20)c	EUR		100		118,573
3.50%, 05/15/22 (Call 05/15/17)c	EUR		100		115,515
4.75%, 05/15/21 (Call 08/29/16)a	USD		200		206,194
ThyssenKrupp AG
1.75%, 11/25/20 (Call 08/25/20)c	EUR		75		85,142
2.50%, 02/25/25c	EUR		100		113,167
2.75%, 03/08/21 (Call 12/08/20)c	EUR		100		117,094
4.00%, 08/27/18	EUR		175		208,494
Trionista TopCo GmbH
6.88%, 04/30/21 (Call 08/29/16)c	EUR		100		117,761
Unitymedia GmbH
3.75%, 01/15/27 (Call 01/15/21)c	EUR		100		105,795
6.13%, 01/15/25 (Call 01/15/20)a,b	USD		200		211,250
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
4.63%, 02/15/26 (Call 02/15/21)c	EUR		100		118,385
5.50%, 09/15/22 (Call 09/15/17)c	EUR		81		96,447
5.63%, 04/15/23 (Call 04/15/18)c	EUR		80		95,830
ZF North America Capital Inc.
2.75%, 04/27/23c	EUR		200		235,559
4.50%, 04/29/22a	USD		150		155,769
4.75%, 04/29/25a	USD		150		156,843
					4,229,491
GREECE — 0.22%
OTE PLC
3.50%, 07/09/20c	EUR		100		112,145
7.88%, 02/07/18c	EUR		100		120,400
					232,545
INDIA — 0.11%
Samvardhana Motherson Automotive Systems Group BV
4.13%, 07/15/21 (Call 07/15/17)c	EUR		100		114,271
					114,271
IRELAND — 0.93%
Allied Irish Banks PLC VRN, (5 year EUR Swap + 3.950%)
4.13%, 11/26/25 (Call 11/26/20)c	EUR		100		106,802
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
4.25%, 01/15/22 (Call 06/30/17)c	EUR		100		115,322
6.25%, 01/31/19 (Call 08/29/16)a	USD		200		204,055
6.75%, 05/15/24 (Call 05/15/19)c	EUR		100		117,085
7.25%, 05/15/24 (Call 05/15/19)a	USD		200		211,000
Bank of Ireland VRN, (5 year EUR Swap + 3.550%)
4.25%, 06/11/24 (Call 06/11/19)c	EUR		100		111,392
Smurfit Kappa Acquisitions
4.13%, 01/30/20c	EUR		100		122,727
					988,383

Security		Principal (000s)		Value
ITALY — 5.13%
Astaldi SpA
7.13%, 12/01/20 (Call 12/01/16)c	EUR		100	$	110,434
Autostrada Brescia Verona Vicenza Padova SpA
2.38%, 03/20/20c	EUR		100		117,144
Banca Monte dei Paschi di Siena SpA
3.63%, 04/01/19c	EUR		100		111,597
5.00%, 04/21/20c	EUR		50		43,675
Banca Popolare di Milano Scarl
7.13%, 03/01/21c	EUR		100		118,110
Banca Popolare di Vicenza
2.75%, 03/20/20c	EUR		100		101,204
Banco Popolare SC
2.38%, 01/22/18c	EUR		100		113,091
2.75%, 07/27/20c	EUR		100		114,059
3.50%, 03/14/19c	EUR		100		115,631
6.00%, 11/05/20c	EUR		100		114,777
Buzzi Unicem SpA
2.13%, 04/28/23 (Call 01/28/23)c	EUR		100		113,358
Enel SpA VRN, (5 year EUR Swap + 3.648%)
5.00%, 01/15/75 (Call 01/15/20)c	EUR		100		119,495
VRN, (5 year EUR Swap + 5.242%)
6.50%, 01/10/74 (Call 01/10/19)c	EUR		100		121,791
Intesa Sanpaolo SpA
2.86%, 04/23/25c	EUR		100		111,195
3.93%, 09/15/26c	EUR		100		116,429
5.00%, 09/23/19c	EUR		150		183,705
5.15%, 07/16/20	EUR		100		125,340
6.63%, 09/13/23c	EUR		100		133,851
Italcementi Finance SA
6.63%, 03/19/20c	EUR		100		133,113
Leonardo-Finmeccanica SpA
4.50%, 01/19/21	EUR		100		127,104
Mediobanca SpA
5.75%, 04/18/23	EUR		100		126,726
Telecom Italia Capital SA
7.00%, 06/04/18	USD		100		108,504
Telecom Italia SpA
4.00%, 01/21/20c	EUR		100		122,580
5.25%, 02/10/22c	EUR		100		131,827
6.13%, 12/14/18	EUR		100		126,189
Telecom Italia SpA/Milano
3.25%, 01/16/23c	EUR		100		121,524
3.63%, 01/19/24c	EUR		100		121,546
3.63%, 05/25/26c	EUR		100		118,926
5.30%, 05/30/24a	USD		200		202,250
5.38%, 01/29/19c	EUR		100		124,755
6.38%, 06/24/19	GBP		50		74,365
UniCredit SpA
6.70%, 06/05/18c	EUR		100		120,237
6.95%, 10/31/22c	EUR		200		253,819
VRN, (5 year EUR Swap + 4.100%)
5.75%, 10/28/25 (Call 10/28/20)c	EUR		100		116,734
Unione di Banche Italiane SpA VRN, (5 year EUR Swap + 4.182%)
1.00%, 05/05/26 (Call 05/05/21)c	EUR		100		110,725
Unipol Gruppo Finanziario SpA
3.00%, 03/18/25c	EUR		115		127,158
Veneto Banca SCPA
4.00%, 01/20/17c	EUR		100		110,707
Wind Acquisition Finance SA
4.00%, 07/15/20 (Call 08/08/16)c	EUR		350		393,410
4.75%, 07/15/20 (Call 08/29/16)a	USD		200		199,500
7.00%, 04/23/21 (Call 04/23/17)c	EUR		100		111,314
7.38%, 04/23/21 (Call 04/23/17)a	USD		200		198,500
					5,466,399

19

Schedule of Investments (Unaudited)(Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2016

Security	Principal (000s)			Value
JAPAN — 0.54%
SoftBank Group Corp.
4.00%, 07/30/22 (Call 04/30/22)c		EUR	100	$	120,100
4.50%, 04/15/20a,b		USD	200		206,894
4.63%, 04/15/20c		EUR	100		123,118
5.25%, 07/30/27 (Call 04/30/27)c		EUR	100		122,925
					573,037
LUXEMBOURG — 3.96%
Altice Financing SA
5.25%, 02/15/23 (Call 02/15/18)c		EUR	100		114,535
6.50%, 01/15/22 (Call 12/15/16)a		USD	200		206,000
6.63%, 02/15/23 (Call 02/15/18)a		USD	200		200,000
7.50%, 05/15/26 (Call 05/15/21)a		USD	200		201,638
Altice Luxembourg SA
6.25%, 02/15/25 (Call 02/15/20)c		EUR	100		103,855
7.25%, 05/15/22 (Call 05/15/17)c		EUR	200		226,003
7.63%, 02/15/25 (Call 02/15/20)a,b		USD	200		197,278
7.75%, 05/15/22 (Call 05/15/17)a		USD	200		202,812
ArcelorMittal
2.88%, 07/06/20c		EUR	100		113,496
3.00%, 03/25/19c		EUR	100		115,819
3.13%, 01/14/22c		EUR	100		112,068
5.88%, 11/17/17c		EUR	50		59,557
6.13%, 06/01/18		USD	100		105,298
6.13%, 06/01/25b		USD	50		52,791
6.25%, 08/05/20		USD	75		78,255
6.50%, 03/01/21		USD	150		157,500
7.25%, 02/25/22b		USD	100		109,500
10.85%, 06/01/19		USD	100		117,730
Garfunkelux Holdco 3 SA
8.50%, 11/01/22 (Call 11/01/18)c		GBP	100		132,081
INEOS Group Holdings SA
5.38%, 08/01/24 (Call 08/01/19)c		EUR	100		110,693
5.63%, 08/01/24 (Call 08/01/19)a		USD	200		197,500
6.13%, 08/15/18 (Call 08/24/16)a		USD	200		203,480
Intelsat Jackson Holdings SA
5.50%, 08/01/23 (Call 08/01/18)		USD	200		130,604
7.25%, 04/01/19 (Call 08/29/16)		USD	150		111,850
7.25%, 10/15/20 (Call 08/29/16)		USD	200		145,000
7.50%, 04/01/21 (Call 08/29/16)		USD	100		71,250
8.00%, 02/15/24 (Call 02/15/19)a,b		USD	100		95,625
Intelsat Luxembourg SA
6.75%, 06/01/18 (Call 06/01/17)b		USD	50		30,750
7.75%, 06/01/21 (Call 06/01/17)		USD	150		34,440
8.13%, 06/01/23 (Call 06/01/18)		USD	75		17,448
Matterhorn Telecom SA
3.88%, 05/01/22 (Call 05/01/18)c		EUR	100		110,244
SIG Combibloc Holdings SCA
7.75%, 02/15/23 (Call 02/15/18)c		EUR	100		119,279
Swissport Investments SA
6.75%, 12/15/21 (Call 06/15/18)c		EUR	100		113,463
Telenet Finance VI Luxembourg SCA
4.88%, 07/15/27 (Call 07/15/21)c		EUR	100		116,291
					4,214,133

Security	Principal (000s)			Value
NETHERLANDS — 1.76%
Constellium NV
7.88%, 04/01/21 (Call 04/01/18)a		USD	250	$	261,875
LGE HoldCo VI BV
7.13%, 05/15/24 (Call 05/15/19)c		EUR	100		126,175
Lincoln Finance Ltd.
6.88%, 04/15/21 (Call 04/15/18)c		EUR	100		120,621
Neptune Finco Corp.
10.13%, 01/15/23 (Call 01/15/19)a		USD	200		229,250
NXP BV/NXP Funding LLC
4.13%, 06/15/20a		USD	200		206,000
4.13%, 06/01/21a,b		USD	200		206,000
Sensata Technologies BV
4.88%, 10/15/23a		USD	25		25,680
5.00%, 10/01/25a,b		USD	150		154,500
5.63%, 11/01/24a		USD	50		53,000
UPC Holding BV
6.38%, 09/15/22 (Call 09/15/17)c		EUR	100		119,811
6.75%, 03/15/23 (Call 03/15/18)c		EUR	100		120,981
UPCB Finance V Ltd.
7.25%, 11/15/21 (Call 08/24/16)a		USD	135		141,353
Ziggo Secured Finance BV
3.75%, 01/15/25 (Call 01/15/20)c		EUR	100		111,849
					1,877,095
NEW ZEALAND — 0.87%
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC
5.13%, 07/15/23 (Call 07/15/19)a		USD	145		149,531
5.75%, 10/15/20 (Call 08/29/16)		USD	350		361,134
6.88%, 02/15/21 (Call 08/29/16)		USD	100		103,750
7.00%, 07/15/24 (Call 07/15/19)a,b		USD	50		52,813
8.25%, 02/15/21 (Call 08/29/16)		USD	100		103,938
9.88%, 08/15/19 (Call 08/29/16)		USD	150		154,500
					925,666
NORWAY — 0.11%
Lock AS
7.00%, 08/15/21 (Call 08/15/17)c		EUR	100		117,209
					117,209
PORTUGAL — 0.11%
EDP — Energias de Portugal SA VRN, (5 year EUR Swap + 5.043%)
5.38%, 09/16/75 (Call 03/16/21)c		EUR	100		113,675
					113,675
SPAIN — 1.30%
Banco de Sabadell SA
5.63%, 05/06/26c		EUR	100		114,032
6.25%, 04/26/20		EUR	50		61,695
Bankia SA VRN, (5 year EUR Swap + 3.166%)
4.00%, 05/22/24 (Call 05/22/19)c		EUR	100		109,429
BPE Financiaciones SA
2.00%, 02/03/20c		EUR	100		111,767
CaixaBank SA VRN, (5 year EUR Swap + 3.950%)
5.00%, 11/14/23 (Call 11/14/18)c		EUR	100		117,595

20

Schedule of Investments (Unaudited)(Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2016

Security	Principal (000s)			Value
Campofrio Food Group SA
3.38%, 03/15/22 (Call 03/15/18)c		EUR	100	$	115,232
Cellnex Telecom SAU
3.13%, 07/27/22c		EUR	100		118,094
Cirsa Funding Luxembourg SA
5.88%, 05/15/23 (Call 05/15/18)c		EUR	100		115,539
Grifols Worldwide Operations Ltd.
5.25%, 04/01/22 (Call 04/01/17)		USD	200		208,500
Grupo Antolin Dutch BV
5.13%, 06/30/22 (Call 06/30/18)c		EUR	100		118,892
Grupo Isolux Corsan Finance BV
6.63%, 04/15/21 (Call 04/15/17)c		EUR	100		20,129
Obrascon Huarte Lain SA
4.75%, 03/15/22 (Call 03/15/18)c		EUR	100		78,193
Repsol International Finance BV VRN, (10 year EUR Swap + 4.200%)
4.50%, 03/25/75 (Call 03/25/25)c		EUR	100		97,162
					1,386,259
SWEDEN — 0.22%
Verisure Holding AB
6.00%, 11/01/22 (Call 11/01/18)c		EUR	100		121,063
Volvo Treasury AB VRN, (5 year EUR Swap + 3.797%)
4.20%, 06/10/75 (Call 06/10/20)c		EUR	100		114,600
					235,663
SWITZERLAND — 0.22%
Dufry Finance SCA
4.50%, 07/15/22 (Call 07/15/17)c		EUR	100		118,024
LKQ Italia Bondco SpA
3.88%, 04/01/24 (Call 01/01/24)c		EUR	100		118,227
					236,251
UNITED KINGDOM — 6.72%
Algeco Scotsman Global Finance PLC
8.50%, 10/15/18 (Call 08/29/16)a		USD	200		173,385
Alliance Automotive Finance PLC
6.25%, 12/01/21 (Call 11/19/17)c		EUR	100		120,331
Anglo American Capital PLC
2.75%, 06/07/19c		EUR	100		113,487
2.88%, 11/20/20c		EUR	100		110,471
3.25%, 04/03/23c		EUR	100		107,411
3.50%, 03/28/22c		EUR	100		110,866
3.63%, 05/14/20a		USD	200		194,500
4.13%, 04/15/21a		USD	200		193,792
Arqiva Broadcast Finance PLC
9.50%, 03/31/20 (Call 09/30/16)c		GBP	100		143,562
Ashtead Capital Inc.
6.50%, 07/15/22 (Call 07/15/17)a		USD	200		211,000
Boparan Finance PLC
5.50%, 07/15/21 (Call 07/15/17)c		GBP	100		123,219
Case New Holland Industrial Inc.
7.88%, 12/01/17		USD	150		160,873
CNH Industrial Finance Europe SA
2.75%, 03/18/19c		EUR	100		115,689
2.88%, 09/27/21c		EUR	100		116,869
6.25%, 03/09/18c		EUR	100		121,367
Co-Operative Bank PLC/United Kingdom
5.13%, 09/20/17		GBP	50		60,749

Security	Principal (000s)			Value
EC Finance PLC
5.13%, 07/15/21 (Call 01/15/17)c		EUR	100	$	115,674
Fiat Chrysler Automobiles NV
3.75%, 03/29/24c		EUR	100		114,598
5.25%, 04/15/23b		USD	200		202,000
Fiat Chrysler Finance Europe
4.75%, 03/22/21c		EUR	100		122,326
4.75%, 07/15/22c		EUR	100		122,234
6.63%, 03/15/18c		EUR	100		121,022
6.75%, 10/14/19c		EUR	100		128,100
7.38%, 07/09/18		EUR	100		124,042
Ineos Finance PLC
4.00%, 05/01/23 (Call 05/01/18)c		EUR	100		113,429
Inmarsat Finance PLC
4.88%, 05/15/22 (Call 05/15/17)a,b		USD	100		92,980
Interoute Finco PLC
7.38%, 10/15/20 (Call 10/15/17)c		EUR	100		121,208
Jaguar Land Rover Automotive PLC
3.50%, 03/15/20 (Call 12/15/19)a,b		USD	200		202,100
3.88%, 03/01/23c		GBP	100		133,515
New Look Secured Issuer PLC
6.50%, 07/01/22 (Call 06/24/18)c		GBP	100		124,963
Noble Holding International Ltd.
4.90%, 08/01/20		USD	50		42,813
6.95%, 04/01/25 (Call 01/01/25)b		USD	50		41,400
Pizzaexpress Financing 2 PLC
6.63%, 08/01/21 (Call 08/01/17)c		GBP	100		129,727
Premier Foods Finance PLC
6.50%, 03/15/21 (Call 03/15/17)c		GBP	100		134,553
Royal Bank of Scotland Group PLC
5.13%, 05/28/24		USD	200		201,753
6.00%, 12/19/23		USD	200		209,767
6.10%, 06/10/23		USD	75		78,563
6.13%, 12/15/22		USD	200		212,523
VRN, (5 year EUR Swap + 2.650%)
3.63%, 03/25/24 (Call 03/25/19)c		EUR	100		110,600
Royal Bank of Scotland PLC (The)
6.93%, 04/09/18		EUR	100		121,523
Silk Bidco AS
7.50%, 02/01/22 (Call 02/01/18)c		EUR	100		118,062
Tesco Corporate Treasury Services PLC
1.38%, 07/01/19c		EUR	100		112,368
2.50%, 07/01/24c		EUR	100		114,154
Tesco PLC
3.38%, 11/02/18c		EUR	100		118,204
6.13%, 02/24/22		GBP	100		149,706
Thomas Cook Finance PLC
6.75%, 06/15/21 (Call 01/15/18)c		EUR	100		105,116
Virgin Media Finance PLC
4.50%, 01/15/25 (Call 01/15/20)c		EUR	100		112,917
Virgin Media Secured Finance PLC
5.25%, 01/15/26 (Call 01/15/20)a		USD	200		200,071
5.38%, 04/15/21 (Call 04/15/17)a		USD	180		187,650
5.50%, 01/15/21		GBP	100		143,223
5.50%, 01/15/25 (Call 01/15/19)c		GBP	90		124,222
6.25%, 03/28/29 (Call 01/15/21)c		GBP	100		138,761
Viridian Group FundCo II Ltd.
7.50%, 03/01/20 (Call 09/01/17)c		EUR	100		116,895
Worldpay Finance PLC
3.75%, 11/15/22c		EUR	100		117,008
					7,157,341

21

Schedule of Investments (Unaudited)(Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2016

Security	Principal (000s)			Value
UNITED STATES — 62.69%
Acadia Healthcare Co. Inc.
5.63%, 02/15/23 (Call 02/15/18)		USD	100	$	99,288
ADT Corp. (The)
3.50%, 07/15/22b		USD	75		70,525
4.13%, 06/15/23		USD	50		48,063
6.25%, 10/15/21		USD	75		81,758
Advanced Micro Devices Inc.
6.75%, 03/01/19		USD	50		49,875
7.00%, 07/01/24 (Call 07/01/19)		USD	50		46,000
7.50%, 08/15/22		USD	75		72,750
7.75%, 08/01/20 (Call 08/29/16)b		USD	25		24,813
AECOM
5.75%, 10/15/22 (Call 10/15/17)		USD	25		26,375
5.88%, 10/15/24 (Call 07/15/24)		USD	100		107,126
AES Corp./VA
4.88%, 05/15/23 (Call 05/15/18)b		USD	50		50,701
5.50%, 03/15/24 (Call 03/15/19)b		USD	50		51,718
5.50%, 04/15/25 (Call 04/15/20)		USD	200		205,500
7.38%, 07/01/21 (Call 06/01/21)		USD	75		84,937
Aircastle Ltd.
4.63%, 12/15/18b		USD	25		26,250
5.00%, 04/01/23		USD	75		78,481
5.13%, 03/15/21b		USD	25		26,625
5.50%, 02/15/22		USD	50		53,500
6.25%, 12/01/19b		USD	50		55,019
AK Steel Corp.
7.63%, 05/15/20 (Call 08/29/16)b		USD	40		39,200
7.63%, 10/01/21 (Call 10/01/17)		USD	25		24,018
Albertsons Companies LLC/Safeway Inc./New Albertson’s Inc./Albertson’s LLC
6.63%, 06/15/24 (Call 06/15/19)a		USD	60		63,975
Alcoa Inc.
5.13%, 10/01/24 (Call 07/01/24)b		USD	100		105,125
5.40%, 04/15/21 (Call 01/15/21)b		USD	150		160,125
5.72%, 02/23/19		USD	100		107,250
5.87%, 02/23/22		USD	100		107,848
6.15%, 08/15/20		USD	50		54,872
Alere Inc.
6.38%, 07/01/23 (Call 07/01/18)a		USD	50		50,063
7.25%, 07/01/18 (Call 08/29/16)		USD	50		50,750
Aleris International Inc.
9.50%, 04/01/21 (Call 04/01/18)a		USD	50		53,375
Allegheny Technologies Inc.
5.95%, 01/15/21 (Call 10/15/20)		USD	50		44,750
7.88%, 08/15/23 (Call 05/15/23)		USD	25		23,500
Ally Financial Inc.
3.25%, 02/13/18		USD	50		50,625
3.25%, 11/05/18		USD	100		101,125
3.50%, 01/27/19		USD	50		50,555
3.60%, 05/21/18b		USD	100		101,750
3.75%, 11/18/19b		USD	50		50,805
4.13%, 03/30/20		USD	50		51,281
4.13%, 02/13/22		USD	50		50,768
4.25%, 04/15/21		USD	100		103,000
4.63%, 05/19/22		USD	25		25,770
4.63%, 03/30/25b		USD	50		51,365
4.75%, 09/10/18		USD	50		51,565
5.13%, 09/30/24		USD	75		80,062
5.75%, 11/20/25 (Call 10/20/25)b		USD	105		109,200
6.25%, 12/01/17		USD	100		105,105
7.50%, 09/15/20		USD	25		28,563
8.00%, 03/15/20		USD	100		114,750

Security	Principal (000s)			Value
Altice U.S. Finance I Corp.
5.38%, 07/15/23 (Call 07/15/18)a		USD	200	$	207,111
5.50%, 05/15/26 (Call 05/15/21)a		USD	200		207,134
AMC Networks Inc.
4.75%, 12/15/22 (Call 12/15/17)		USD	50		51,368
5.00%, 04/01/24 (Call 04/01/20)		USD	135		137,362
American Airlines Group Inc.
4.63%, 03/01/20a,b		USD	50		49,250
5.50%, 10/01/19a		USD	100		101,975
6.13%, 06/01/18b		USD	50		51,734
American Axle & Manufacturing Inc.
6.25%, 03/15/21 (Call 08/29/16)b		USD	25		26,125
6.63%, 10/15/22 (Call 10/15/17)b		USD	100		105,625
AmeriGas Finance LLC/AmeriGas Finance Corp.
7.00%, 05/20/22 (Call 05/20/17)		USD	100		106,000
AmeriGas Partners LP/AmeriGas Finance Corp.
5.63%, 05/20/24 (Call 03/20/24)		USD	45		46,754
5.88%, 08/20/26 (Call 05/20/26)		USD	45		46,888
Amsurg Corp.
5.63%, 07/15/22 (Call 07/15/17)b		USD	125		131,094
Anixter Inc.
5.13%, 10/01/21		USD	50		52,707
Antero Resources Corp.
5.13%, 12/01/22 (Call 06/01/17)b		USD	100		93,250
5.38%, 11/01/21 (Call 11/01/16)		USD	75		71,964
5.63%, 06/01/23 (Call 06/01/18)b		USD	100		94,875
6.00%, 12/01/20 (Call 08/29/16)b		USD	50		49,500
APX Group Inc.
6.38%, 12/01/19 (Call 08/29/16)		USD	75		76,875
8.75%, 12/01/20 (Call 08/29/16)		USD	125		119,062
Aramark Services Inc.
4.75%, 06/01/26 (Call 06/01/21)a,b		USD	50		50,375
5.13%, 01/15/24 (Call 01/15/19)		USD	25		25,813
5.75%, 03/15/20 (Call 08/29/16)b		USD	23		23,690
Argos Merger Sub Inc.
7.13%, 03/15/23 (Call 03/15/18)a,b		USD	200		209,000
Ashland Inc.
3.88%, 04/15/18 (Call 03/15/18)		USD	50		51,306
4.75%, 08/15/22 (Call 05/15/22)b		USD	100		103,750
Avaya Inc.
7.00%, 04/01/19 (Call 08/29/16)a		USD	150		113,250
10.50%, 03/01/21 (Call 03/01/17)a		USD	100		26,771
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
5.13%, 06/01/22 (Call 06/01/17)a,b		USD	25		24,500
5.50%, 04/01/23 (Call 04/01/18)b		USD	50		49,629
Avon Products Inc.
6.35%, 03/15/20		USD	25		22,393
6.75%, 03/15/23		USD	50		38,938
Axiall Corp.
4.88%, 05/15/23 (Call 05/15/18)		USD	50		51,500
Ball Corp.
4.00%, 11/15/23b		USD	75		76,200
4.38%, 12/15/20		USD	125		133,906
4.38%, 12/15/23		EUR	100		124,216
5.00%, 03/15/22b		USD	100		106,770
5.25%, 07/01/25		USD	75		80,905
Belden Inc.
5.50%, 04/15/23 (Call 04/15/18)c		EUR	100		117,480
Berry Plastics Corp.
5.13%, 07/15/23 (Call 07/15/18)b		USD	50		51,750
5.50%, 05/15/22 (Call 05/15/17)		USD	50		52,229
6.00%, 10/15/22 (Call 10/15/18)		USD	40		42,432

22

Schedule of Investments (Unaudited)(Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2016

Security	Principal (000s)			Value
Blue Cube Spinco Inc.
9.75%, 10/15/23 (Call 10/15/20)a		USD	100	$	114,500
BlueLine Rental Finance Corp.
7.00%, 02/01/19 (Call 08/29/16)a,b		USD	75		69,172
BMC Software Finance Inc.
8.13%, 07/15/21 (Call 08/29/16)a		USD	175		142,415
Boyd Gaming Corp.
6.38%, 04/01/26 (Call 04/01/21)a		USD	100		106,625
6.88%, 05/15/23 (Call 05/15/18)b		USD	75		80,246
Builders FirstSource Inc.
7.63%, 06/01/21 (Call 08/29/16)a		USD	58		61,480
10.75%, 08/15/23 (Call 08/15/18)a		USD	25		27,766
Cablevision Systems Corp.
5.88%, 09/15/22		USD	50		45,833
7.75%, 04/15/18		USD	50		53,500
8.00%, 04/15/20b		USD	75		78,375
8.63%, 09/15/17		USD	100		106,264
Caesars Entertainment Resort Properties LLC/Caesars Entertainment Resort Properties
8.00%, 10/01/20 (Call 10/01/16)		USD	125		127,500
11.00%, 10/01/21 (Call 10/01/16)		USD	100		102,000
CalAtlantic Group Inc.
8.38%, 05/15/18		USD	100		110,000
California Resources Corp.
5.50%, 09/15/21 (Call 06/15/21)		USD	41		18,373
6.00%, 11/15/24 (Call 08/15/24)		USD	53		23,407
8.00%, 12/15/22 (Call 12/15/18)a		USD	255		163,248
Calpine Corp.
5.38%, 01/15/23 (Call 10/15/18)b		USD	125		124,844
5.50%, 02/01/24 (Call 02/01/19)b		USD	100		99,750
5.75%, 01/15/25 (Call 10/15/19)b		USD	150		149,812
5.88%, 01/15/24 (Call 11/01/18)a		USD	25		26,338
6.00%, 01/15/22 (Call 11/01/16)a		USD	25		26,179
7.88%, 01/15/23 (Call 01/15/17)a		USD	82		86,920
Calumet Specialty Products Partners LP/Calumet Finance Corp.
6.50%, 04/15/21 (Call 04/15/17)		USD	75		54,412
11.50%, 01/15/21 (Call 04/15/18)a		USD	25		28,500
Carrizo Oil & Gas Inc.
6.25%, 04/15/23 (Call 04/15/18)		USD	80		75,800
7.50%, 09/15/20 (Call 09/15/16)		USD	25		24,945
Casino Guichard Perrachon SA
3.16%, 08/06/19c		EUR	100		123,653
3.25%, 03/07/24 (Call 12/07/23)c		EUR	100		123,501
5.98%, 05/26/21		EUR	100		133,239
CCO Holdings LLC/CCO Holdings Capital Corp.
5.13%, 02/15/23 (Call 02/15/18)b		USD	100		103,592
5.13%, 05/01/23 (Call 05/01/18)a		USD	75		77,531
5.25%, 03/15/21 (Call 08/29/16)b		USD	50		52,125
5.25%, 09/30/22 (Call 09/30/17)		USD	150		156,187
5.38%, 05/01/25 (Call 05/01/20)a		USD	50		52,029
5.50%, 05/01/26 (Call 05/01/21)a,b		USD	100		104,375
5.75%, 09/01/23 (Call 03/01/18)		USD	50		52,429
5.75%, 01/15/24 (Call 07/15/18)		USD	75		79,125
5.75%, 02/15/26 (Call 02/15/21)a		USD	250		264,247
5.88%, 04/01/24 (Call 04/01/19)a		USD	150		160,125
5.88%, 05/01/27 (Call 05/01/21)a		USD	100		105,198
6.63%, 01/31/22 (Call 01/31/17)		USD	50		52,750
CDW LLC/CDW Finance Corp.
5.00%, 09/01/23 (Call 03/01/18)		USD	50		51,236
5.50%, 12/01/24 (Call 06/01/24)		USD	50		52,019
6.00%, 08/15/22 (Call 08/15/17)		USD	50		53,500
Centene Corp.
4.75%, 05/15/22 (Call 05/15/19)		USD	50		51,500
5.63%, 02/15/21 (Call 02/15/18)		USD	180		190,125

Security	Principal (000s)			Value
6.13%, 02/15/24 (Call 02/15/19)		USD	75	$	80,625
CenturyLink Inc.
5.63%, 04/01/25 (Call 01/01/25)		USD	50		47,394
5.80%, 03/15/22b		USD	100		102,163
6.45%, 06/15/21		USD	150		160,125
Series V
5.63%, 04/01/20b		USD	75		79,185
Series W
6.75%, 12/01/23		USD	50		51,930
Series Y
7.50%, 04/01/24 (Call 01/01/24)		USD	125		133,178
Cequel Communications Holdings I LLC/Cequel Capital Corp.
5.13%, 12/15/21 (Call 08/29/16)a,b		USD	50		49,820
5.13%, 12/15/21 (Call 08/29/16)a		USD	100		99,462
6.38%, 09/15/20 (Call 08/29/16)a		USD	200		206,250
Chemours Co. (The)
6.63%, 05/15/23 (Call 05/15/18)b		USD	150		130,125
7.00%, 05/15/25 (Call 05/15/20)		USD	50		42,625
Cheniere Corpus Christi Holdings LLC
7.00%, 06/30/24a		USD	100		103,729
Chesapeake Energy Corp.
8.00%, 12/15/22 (Call 12/15/18)a,b		USD	290		252,300
CHS/Community Health Systems Inc.
5.13%, 08/15/18 (Call 08/29/16)		USD	21		21,239
5.13%, 08/01/21 (Call 02/01/17)		USD	75		74,812
6.88%, 02/01/22 (Call 02/01/18)b		USD	275		237,187
7.13%, 07/15/20 (Call 07/15/17)b		USD	100		90,969
8.00%, 11/15/19 (Call 08/29/16)b		USD	200		192,500
Cinemark USA Inc.
4.88%, 06/01/23 (Call 06/01/18)		USD	50		50,839
5.13%, 12/15/22 (Call 12/15/17)		USD	25		25,821
CIT Group Inc.
3.88%, 02/19/19		USD	100		102,023
4.25%, 08/15/17		USD	150		152,706
5.00%, 08/15/22		USD	100		104,750
5.00%, 08/01/23b		USD	100		105,328
5.25%, 03/15/18b		USD	100		104,010
5.38%, 05/15/20		USD	50		53,000
5.50%, 02/15/19a		USD	150		159,375
6.63%, 04/01/18a,b		USD	50		53,250
Citgo Holding Inc.
10.75%, 02/15/20a		USD	150		148,478
Claire’s Stores Inc.
8.88%, 03/15/19 (Call 08/29/16)		USD	25		3,125
9.00%, 03/15/19 (Call 08/29/16)a		USD	100		55,000
Clean Harbors Inc.
5.13%, 06/01/21 (Call 12/01/16)		USD	50		51,063
5.25%, 08/01/20 (Call 08/29/16)		USD	50		51,280
Clear Channel Worldwide Holdings Inc.
6.50%, 11/15/22 (Call 11/15/17)			200		204,937
Series B
7.63%, 03/15/20 (Call 08/29/16)		USD	200		198,000
Cliffs Natural Resources Inc.
7.75%, 03/31/20 (Call 03/31/17)a,b		USD	57		51,728
8.25%, 03/31/20 (Call 03/31/18)a		USD	50		51,688
CNH Industrial Capital LLC
3.38%, 07/15/19		USD	50		50,109
3.63%, 04/15/18b		USD	50		50,632
3.88%, 07/16/18		USD	50		50,625
4.38%, 11/06/20b		USD	40		41,106
4.88%, 04/01/21b		USD	50		52,250
Commercial Metals Co.
7.35%, 08/15/18		USD	50		53,750

23

Schedule of Investments (Unaudited)(Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2016

Security	Principal (000s)			Value
CommScope Inc.
4.38%, 06/15/20 (Call 06/15/17)a		USD	50	$	51,531
5.00%, 06/15/21 (Call 06/15/17)a		USD	50		51,741
5.50%, 06/15/24 (Call 06/15/19)a		USD	50		52,094
CommScope Technologies Finance LLC
6.00%, 06/15/25 (Call 06/15/20)a		USD	155		163,611
Communications Sales & Leasing Inc./CSL Capital LLC
6.00%, 04/15/23 (Call 04/15/18)a		USD	75		77,625
8.25%, 10/15/23 (Call 04/15/19)		USD	100		102,500
Comstock Resources Inc.
10.00%, 03/15/20 (Call 08/29/16)a		USD	50		41,375
Concho Resources Inc.
5.50%, 10/01/22 (Call 10/01/17)		USD	50		49,391
5.50%, 04/01/23 (Call 10/01/17)b		USD	125		123,594
6.50%, 01/15/22 (Call 01/15/17)b		USD	75		76,481
7.00%, 01/15/21 (Call 08/29/16)		USD	50		51,688
CONSOL Energy Inc.
5.88%, 04/15/22 (Call 04/15/17)		USD	150		136,410
8.00%, 04/01/23 (Call 04/01/18)		USD	25		23,826
Constellation Brands Inc.
3.75%, 05/01/21b		USD	50		52,732
4.25%, 05/01/23b		USD	100		106,250
4.75%, 11/15/24b		USD	50		54,375
4.75%, 12/01/25b		USD	25		27,156
6.00%, 05/01/22		USD	50		57,750
Continental Resources Inc./OK
3.80%, 06/01/24 (Call 03/01/24)		USD	100		85,500
4.50%, 04/15/23 (Call 01/15/23)		USD	125		113,501
5.00%, 09/15/22 (Call 03/15/17)b		USD	175		163,749
7.13%, 04/01/21 (Call 08/29/16)		USD	25		25,589
Covanta Holding Corp.
5.88%, 03/01/24 (Call 03/01/19)		USD	75		74,437
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
6.13%, 03/01/22 (Call 11/01/16)		USD	50		46,867
6.25%, 04/01/23 (Call 04/01/18)		USD	50		46,625
Crimson Merger Sub Inc.
6.63%, 05/15/22 (Call 05/15/17)a		USD	100		85,141
Crown Americas LLC/Crown Americas Capital Corp. IV
4.50%, 01/15/23		USD	125		128,906
Crown European Holdings SA
4.00%, 07/15/22 (Call 04/15/22)c		EUR	100		121,462
CSC Holdings LLC
5.25%, 06/01/24		USD	75		71,625
6.75%, 11/15/21b		USD	75		79,687
8.63%, 02/15/19b		USD	50		55,750
Dana Holding Corp.
5.38%, 09/15/21 (Call 09/15/16)b		USD	50		51,781
5.50%, 12/15/24 (Call 12/15/19)b		USD	25		25,219
Darling Global Finance BV
4.75%, 05/30/22 (Call 05/30/18)c		EUR	100		115,234
DaVita HealthCare Partners Inc.
5.00%, 05/01/25 (Call 05/01/20)		USD	120		121,350
5.13%, 07/15/24 (Call 07/15/19)		USD	175		180,432
5.75%, 08/15/22 (Call 08/15/17)		USD	100		104,935
DCP Midstream LLC VRN, (3 mo. LIBOR US + 3.850%)
5.85%, 05/21/43 (Call 05/21/23)a		USD	50		37,469
DCP Midstream Operating LP
2.50%, 12/01/17 (Call 11/01/17)		USD	50		49,438
3.88%, 03/15/23 (Call 12/15/22)		USD	50		47,022
Dell Inc.
4.63%, 04/01/21b		USD	25		25,625
5.65%, 04/15/18		USD	50		52,875
5.88%, 06/15/19b		USD	50		53,375

Security	Principal (000s)			Value
Denbury Resources Inc.
4.63%, 07/15/23 (Call 01/15/18)		USD	50	$	30,750
5.50%, 05/01/22 (Call 05/01/17)		USD	75		47,763
9.00%, 05/15/21 (Call 12/15/18)a		USD	50		50,125
Diamond 1 Finance Corp./Diamond 2 Finance Corp.
5.88%, 06/15/21 (Call 06/15/18)a		USD	150		156,360
7.13%, 06/15/24 (Call 06/15/19)a,b		USD	150		161,160
DISH DBS Corp.
4.25%, 04/01/18		USD	100		102,375
5.00%, 03/15/23		USD	150		141,375
5.13%, 05/01/20		USD	75		76,594
5.88%, 07/15/22		USD	150		150,310
5.88%, 11/15/24		USD	200		193,000
6.75%, 06/01/21		USD	250		265,893
7.75%, 07/01/26a		USD	150		155,812
7.88%, 09/01/19		USD	150		165,375
DJO Finco Inc./DJO Finance LLC/DJO Finance Corp.
8.13%, 06/15/21 (Call 06/15/18)a		USD	75		68,812
Dollar Tree Inc.
5.25%, 03/01/20 (Call 03/01/17)		USD	50		52,063
5.75%, 03/01/23 (Call 03/01/18)b		USD	250		270,000
DPL Inc.
7.25%, 10/15/21 (Call 07/15/21)		USD	100		97,000
DR Horton Inc.
3.63%, 02/15/18 (Call 11/15/17)		USD	50		50,859
4.00%, 02/15/20b		USD	100		104,500
Dynegy Inc.
5.88%, 06/01/23 (Call 06/01/18)		USD	50		45,121
6.75%, 11/01/19 (Call 05/01/17)		USD	200		204,250
7.38%, 11/01/22 (Call 11/01/18)b		USD	175		171,749
7.63%, 11/01/24 (Call 11/01/19)		USD	100		97,848
Eagle Spinco Inc.
4.63%, 02/15/21 (Call 02/15/18)		USD	50		51,500
Edgewell Personal Care Co.
4.70%, 05/19/21		USD	50		53,115
4.70%, 05/24/22		USD	50		52,344
Endo Finance LLC
5.75%, 01/15/22 (Call 01/15/17)a,b		USD	50		44,729
Endo Finance LLC/Endo Finco Inc.
5.88%, 01/15/23 (Call 07/15/17)a		USD	125		108,219
Endo Ltd./Endo Finance LLC/Endo Finco Inc.
6.00%, 02/01/25 (Call 02/01/20)a		USD	200		172,000
Energy Transfer Equity LP
5.50%, 06/01/27 (Call 03/01/27)		USD	75		72,931
5.88%, 01/15/24 (Call 10/15/23)		USD	100		100,750
7.50%, 10/15/20		USD	150		161,625
EnLink Midstream Partners LP
4.15%, 06/01/25 (Call 03/01/25)		USD	100		93,764
4.85%, 07/15/26 (Call 04/15/26)		USD	75		72,797
Ensco PLC
4.50%, 10/01/24 (Call 07/01/24)		USD	50		33,375
4.70%, 03/15/21		USD	75		63,750
5.20%, 03/15/25 (Call 12/15/24)		USD	75		51,188
EP Energy LLC/Everest Acquisition Finance Inc.
6.38%, 06/15/23 (Call 06/15/18)		USD	50		25,000
9.38%, 05/01/20 (Call 08/29/16)		USD	175		102,089
Equinix Inc.
4.88%, 04/01/20 (Call 04/01/17)		USD	75		77,812
5.38%, 01/01/22 (Call 01/01/18)		USD	80		84,600
5.38%, 04/01/23 (Call 04/01/18)		USD	100		105,000
5.75%, 01/01/25 (Call 01/01/20)b		USD	50		53,000
5.88%, 01/15/26 (Call 01/15/21)b		USD	75		80,812

24

Schedule of Investments (Unaudited)(Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2016

Security	Principal (000s)			Value
ESH Hospitality Inc.
5.25%, 05/01/25 (Call 05/01/20)a		USD	155	$	154,225
Felcor Lodging LP
5.63%, 03/01/23 (Call 03/01/18)		USD	50		51,241
6.00%, 06/01/25 (Call 06/01/20)b		USD	25		25,906
Ferrellgas LP/Ferrellgas Finance Corp.
6.50%, 05/01/21 (Call 08/29/16)b		USD	50		46,261
6.75%, 01/15/22 (Call 11/15/16)		USD	50		45,250
6.75%, 06/15/23 (Call 06/15/19)		USD	25		22,098
Fifth Third Bancorp. VRN, (3 mo. LIBOR US + 3.033%)
5.10%, 12/29/49 (Call 06/30/23)b		USD	50		48,799
First Data Corp.
5.00%, 01/15/24 (Call 01/15/19)a		USD	140		140,909
5.38%, 08/15/23 (Call 08/15/18)a		USD	100		103,000
5.75%, 01/15/24 (Call 01/15/19)a		USD	185		186,036
6.75%, 11/01/20 (Call 08/29/16)a		USD	97		101,378
7.00%, 12/01/23 (Call 12/01/18)a,b		USD	375		385,781
FirstEnergy Corp.
Series A
2.75%, 03/15/18 (Call 02/15/18)		USD	50		50,587
Series B
4.25%, 03/15/23 (Call 12/15/22)		USD	50		53,139
FirstEnergy Transmission LLC
4.35%, 01/15/25 (Call 10/15/24)a		USD	50		53,937
Florida East Coast Holdings Corp.
6.75%, 05/01/19 (Call 08/29/16)a,b		USD	75		76,875
Freeport-McMoRan Inc.
2.30%, 11/14/17		USD	75		74,812
2.38%, 03/15/18b		USD	150		148,125
3.10%, 03/15/20		USD	31		28,734
3.55%, 03/01/22 (Call 12/01/21)b		USD	175		150,913
3.88%, 03/15/23 (Call 12/15/22)		USD	200		172,010
4.00%, 11/14/21		USD	50		44,719
4.55%, 11/14/24 (Call 08/14/24)b		USD	75		64,875
Freeport-McMoran Oil & Gas LLC/FCX Oil & Gas Inc.
6.50%, 11/15/20 (Call 08/29/16)		USD	50		49,856
6.75%, 02/01/22 (Call 02/01/17)		USD	50		48,931
6.88%, 02/15/23 (Call 02/15/18)		USD	75		72,750
Frontier Communications Corp.
6.25%, 09/15/21 (Call 06/15/21)		USD	50		48,574
6.88%, 01/15/25 (Call 10/15/24)		USD	50		43,875
7.13%, 03/15/19		USD	50		53,490
7.13%, 01/15/23		USD	50		46,320
7.63%, 04/15/24		USD	50		45,893
8.13%, 10/01/18b		USD	50		54,771
8.50%, 04/15/20		USD	100		106,893
8.75%, 04/15/22b		USD	50		51,525
8.88%, 09/15/20 (Call 06/15/20)		USD	75		80,442
9.25%, 07/01/21		USD	50		54,459
10.50%, 09/15/22 (Call 06/15/22)b		USD	200		216,000
11.00%, 09/15/25 (Call 06/15/25)		USD	350		373,236
Gates Global LLC/Gates Global Co.
6.00%, 07/15/22 (Call 07/15/17)a		USD	75		67,894
Genesis Energy LP/Genesis Energy Finance Corp.
6.00%, 05/15/23 (Call 05/15/18)		USD	50		49,750
6.75%, 08/01/22 (Call 08/01/18)		USD	50		50,500
GenOn Energy Inc.
9.50%, 10/15/18		USD	50		40,450
9.88%, 10/15/20 (Call 08/29/16)		USD	50		35,677
Genworth Holdings Inc.
4.90%, 08/15/23		USD	75		55,487
6.52%, 05/22/18		USD	50		49,705

Security	Principal (000s)			Value
7.20%, 02/15/21		USD	50	$	42,350
7.63%, 09/24/21		USD	50		42,228
7.70%, 06/15/20		USD	50		44,667
GLP Capital LP/GLP Financing II Inc.
4.38%, 11/01/18 (Call 08/01/18)b		USD	50		51,750
4.38%, 04/15/21		USD	50		52,000
4.88%, 11/01/20 (Call 08/01/20)b		USD	75		79,507
5.38%, 11/01/23 (Call 08/01/23)		USD	50		53,687
5.38%, 04/15/26		USD	100		106,125
Goodyear Tire & Rubber Co. (The)
5.00%, 05/31/26 (Call 05/31/21)		USD	50		52,530
5.13%, 11/15/23 (Call 11/15/18)b		USD	125		132,187
7.00%, 05/15/22 (Call 05/15/17)		USD	50		53,687
Gray Television Inc.
5.88%, 07/15/26 (Call 07/15/21)a,b		USD	5		5,156
Hanesbrands Finance Luxembourg SCA
3.50%, 06/15/24 (Call 03/15/24)c		EUR	100		115,968
Hanesbrands Inc.
4.63%, 05/15/24 (Call 02/15/24)a		USD	75		76,969
4.88%, 05/15/26 (Call 02/15/26)a		USD	75		77,109
Harland Clarke Holdings Corp.
9.25%, 03/01/21 (Call 03/01/17)a		USD	50		42,250
HCA Holdings Inc.
6.25%, 02/15/21b		USD	75		81,281
HCA Inc.
3.75%, 03/15/19		USD	100		103,500
4.25%, 10/15/19		USD	50		52,200
4.75%, 05/01/23		USD	100		104,250
5.00%, 03/15/24		USD	150		157,500
5.25%, 04/15/25		USD	100		107,250
5.25%, 06/15/26 (Call 12/15/25)		USD	90		95,400
5.38%, 02/01/25		USD	275		286,687
5.88%, 03/15/22		USD	100		110,000
5.88%, 05/01/23		USD	100		107,198
5.88%, 02/15/26 (Call 08/15/25)b		USD	225		240,750
6.50%, 02/15/20		USD	400		440,500
7.50%, 02/15/22		USD	150		170,250
HD Supply Inc.
5.25%, 12/15/21 (Call 12/15/17)a,b		USD	150		159,375
5.75%, 04/15/24 (Call 04/15/19)a		USD	100		106,485
7.50%, 07/15/20 (Call 10/15/16)		USD	100		104,563
HealthSouth Corp.
5.75%, 11/01/24 (Call 11/01/17)		USD	125		129,687
Herc Rentals Inc.
7.50%, 06/01/22 (Call 06/01/19)a		USD	50		50,688
7.75%, 06/01/24 (Call 06/01/19)a		USD	50		50,688
Hertz Corp. (The)
5.88%, 10/15/20 (Call 08/29/16)b		USD	50		51,500
6.25%, 10/15/22 (Call 10/15/17)b		USD	50		52,526
6.75%, 04/15/19 (Call 08/29/16)		USD	150		152,625
7.38%, 01/15/21 (Call 08/29/16)		USD	100		103,781
Hertz Holdings Netherlands BV
4.38%, 01/15/19c		EUR	100		116,811
Hexion Inc.
6.63%, 04/15/20 (Call 08/29/16)		USD	175		147,924
8.88%, 02/01/18 (Call 08/29/16)		USD	75		67,042
Hexion Inc./Hexion Nova Scotia Finance ULC
9.00%, 11/15/20 (Call 08/29/16)		USD	50		34,625
Hilcorp Energy I LP/Hilcorp Finance Co.
5.00%, 12/01/24 (Call 06/01/19)a		USD	50		46,625
5.75%, 10/01/25 (Call 04/01/20)a		USD	25		23,875
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.
5.63%, 10/15/21 (Call 10/15/16)		USD	100		103,629

25

Schedule of Investments (Unaudited)(Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2016

Security	Principal (000s)			Value
Hologic Inc.
5.25%, 07/15/22 (Call 07/15/18)a		USD	75	$	79,312
HRG Group Inc.
7.75%, 01/15/22 (Call 01/15/17)		USD	75		76,406
7.88%, 07/15/19 (Call 08/29/16)		USD	50		52,813
HUB International Ltd.
7.88%, 10/01/21 (Call 10/01/16)a		USD	100		100,250
Hughes Satellite Systems Corp.
5.25%, 08/01/26a		USD	35		34,859
6.50%, 06/15/19		USD	90		97,768
6.63%, 08/01/26a		USD	90		89,113
7.63%, 06/15/21		USD	125		133,750
Huntington Ingalls Industries Inc.
5.00%, 12/15/21 (Call 12/15/17)a		USD	50		52,500
5.00%, 11/15/25 (Call 11/15/20)a		USD	50		53,063
Huntsman International LLC
4.88%, 11/15/20 (Call 08/15/20)b		USD	75		76,500
5.13%, 04/15/21 (Call 01/15/21)		EUR	100		117,557
5.13%, 11/15/22 (Call 08/15/22)b		USD	50		50,558
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.88%, 03/15/19 (Call 08/29/16)		USD	100		99,325
5.88%, 02/01/22 (Call 08/01/17)b		USD	125		119,562
6.00%, 08/01/20 (Call 02/01/17)		USD	175		174,776
iHeartCommunications Inc.
9.00%, 12/15/19 (Call 08/29/16)b		USD	125		100,625
9.00%, 03/01/21 (Call 08/29/16)		USD	150		113,946
9.00%, 09/15/22 (Call 09/15/17)		USD	100		74,611
10.00%, 01/15/18 (Call 08/29/16)b		USD	50		31,875
10.63%, 03/15/23 (Call 03/15/18)		USD	125		95,312
11.25%, 03/01/21 (Call 08/29/16)		USD	50		39,000
Infor U.S. Inc.
5.75%, 08/15/20 (Call 08/15/17)a,b		USD	50		52,750
6.50%, 05/15/22 (Call 05/15/18)		USD	150		148,687
International Game Technology
7.50%, 06/15/19b		USD	125		139,928
International Game Technology PLC
4.13%, 02/15/20 (Call 11/15/19)c		EUR	100		119,632
4.75%, 02/15/23 (Call 08/15/22)c		EUR	100		120,181
6.25%, 02/15/22 (Call 08/15/21)a		USD	250		261,250
inVentiv Health Inc.
9.00%, 01/15/18 (Call 08/29/16)a		USD	50		51,382
Iron Mountain Inc.
5.75%, 08/15/24 (Call 08/15/17)		USD	100		103,094
6.00%, 10/01/20 (Call 10/01/17)a		USD	100		105,730
6.00%, 08/15/23 (Call 08/15/18)		USD	50		53,148
iStar Inc.
4.00%, 11/01/17 (Call 08/01/17)b		USD	50		49,685
5.00%, 07/01/19 (Call 08/29/16)		USD	50		48,875
Jaguar Holding Co. II/Pharmaceutical Product Development LLC
6.38%, 08/01/23 (Call 08/01/18)a		USD	100		106,080
JC Penney Corp. Inc.
5.65%, 06/01/20		USD	50		48,063
5.88%, 07/01/23 (Call 07/01/19)a		USD	50		51,286
8.13%, 10/01/19		USD	25		26,125
K. Hovnanian Enterprises Inc.
7.25%, 10/15/20 (Call 08/29/16)a,b		USD	50		45,625
KB Home
4.75%, 05/15/19 (Call 02/15/19)		USD	25		25,563
7.00%, 12/15/21 (Call 09/15/21)		USD	50		52,950
KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of America LLC
5.00%, 06/01/24 (Call 06/01/19)a		USD	100		104,625
5.25%, 06/01/26 (Call 06/01/21)a		USD	75		79,406

Security	Principal (000s)			Value
Kindred Healthcare Inc.
6.38%, 04/15/22 (Call 04/15/17)b		USD	50	$	46,000
8.00%, 01/15/20		USD	50		51,125
8.75%, 01/15/23 (Call 01/15/18)b		USD	50		50,167
Kinetic Concepts Inc./KCI USA Inc.
7.88%, 02/15/21 (Call 02/15/18)a		USD	50		53,937
10.50%, 11/01/18 (Call 08/29/16)		USD	175		178,719
12.50%, 11/01/19 (Call 08/29/16)		USD	50		49,250
KLX Inc.
5.88%, 12/01/22 (Call 12/01/17)a		USD	150		151,968
L Brands Inc.
5.63%, 02/15/22		USD	75		82,975
5.63%, 10/15/23		USD	50		55,490
6.63%, 04/01/21		USD	125		143,464
7.00%, 05/01/20		USD	25		28,616
8.50%, 06/15/19b		USD	50		58,495
Lamar Media Corp.
5.00%, 05/01/23 (Call 05/01/18)b		USD	50		52,152
5.38%, 01/15/24 (Call 01/15/19)		USD	50		52,641
5.75%, 02/01/26 (Call 02/01/21)a		USD	25		26,688
5.88%, 02/01/22 (Call 02/01/17)b		USD	25		26,094
Laredo Petroleum Inc.
5.63%, 01/15/22 (Call 01/15/17)b		USD	25		22,577
7.38%, 05/01/22 (Call 05/01/17)b		USD	100		97,250
Laureate Education Inc.
9.25%, 09/01/19 (Call 08/29/16)a,b		USD	100		90,042
Lear Corp.
4.75%, 01/15/23 (Call 01/15/18)b		USD	50		51,875
5.25%, 01/15/25 (Call 01/15/20)		USD	50		53,438
Leidos Holdings Inc.
4.45%, 12/01/20 (Call 09/01/20)		USD	50		50,690
Lennar Corp.
4.50%, 06/15/19 (Call 04/16/19)		USD	25		26,188
4.50%, 11/15/19 (Call 08/15/19)		USD	50		52,500
4.75%, 04/01/21 (Call 02/01/21)b		USD	90		95,400
4.75%, 11/15/22 (Call 08/15/22)		USD	50		52,500
4.75%, 05/30/25 (Call 02/28/25)		USD	50		50,750
4.88%, 12/15/23 (Call 09/15/23)		USD	30		30,900
Leucadia National Corp.
5.50%, 10/18/23 (Call 01/18/23)		USD	100		105,449
Level 3 Communications Inc.
5.75%, 12/01/22 (Call 12/01/17)b		USD	50		52,500
Level 3 Financing Inc.
5.13%, 05/01/23 (Call 05/01/18)		USD	50		51,653
5.25%, 03/15/26 (Call 03/15/21)a		USD	55		57,640
5.38%, 08/15/22 (Call 08/15/17)		USD	125		131,250
5.38%, 01/15/24 (Call 01/15/19)		USD	75		78,469
5.38%, 05/01/25 (Call 05/01/20)		USD	100		105,026
5.63%, 02/01/23 (Call 02/01/18)		USD	50		52,500
6.13%, 01/15/21 (Call 11/15/16)		USD	50		52,063
Levi Strauss & Co.
5.00%, 05/01/25 (Call 05/01/20)		USD	50		51,150
6.88%, 05/01/22 (Call 05/01/17)		USD	50		53,016
LifePoint Health Inc.
5.38%, 05/01/24 (Call 05/01/19)a,b		USD	75		76,492
5.50%, 12/01/21 (Call 12/01/16)b		USD	75		78,469
5.88%, 12/01/23 (Call 12/01/18)		USD	40		42,250
Mallinckrodt International Finance SA
4.75%, 04/15/23b		USD	50		44,230
Mallinckrodt International Finance SA/Mallinckrodt CB LLC
4.88%, 04/15/20 (Call 04/15/17)a,b		USD	50		49,983
5.50%, 04/15/25 (Call 04/15/20)a,b		USD	50		46,383
5.63%, 10/15/23 (Call 10/15/18)a,b		USD	100		95,937
5.75%, 08/01/22 (Call 08/01/17)a,b		USD	100		98,100

26

Schedule of Investments (Unaudited)(Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2016

Security	Principal (000s)			Value
Masco Corp.
3.50%, 04/01/21 (Call 03/01/21)		USD	40	$	41,601
4.38%, 04/01/26 (Call 01/01/26)		USD	50		53,063
4.45%, 04/01/25 (Call 01/01/25)		USD	50		53,219
5.95%, 03/15/22		USD	50		56,658
Memorial Production Partners LP/Memorial Production Finance Corp.
6.88%, 08/01/22 (Call 08/01/17)		USD	50		24,199
7.63%, 05/01/21 (Call 05/01/17)		USD	50		24,896
MGM Growth Properties Operating Partnership LP/MGP Escrow Co-Issuer Inc.
5.63%, 05/01/24 (Call 02/01/24)a		USD	100		107,125
MGM Resorts International
5.25%, 03/31/20b		USD	50		53,435
6.00%, 03/15/23b		USD	100		108,087
6.63%, 12/15/21		USD	100		110,773
6.75%, 10/01/20b		USD	100		111,000
7.75%, 03/15/22		USD	100		115,760
8.63%, 02/01/19		USD	100		113,201
Michaels Stores Inc.
5.88%, 12/15/20 (Call 12/15/16)a		USD	50		52,031
Micron Technology Inc.
5.25%, 08/01/23 (Call 02/01/18)a		USD	100		90,000
5.25%, 01/15/24 (Call 05/01/18)a		USD	50		44,875
5.50%, 02/01/25 (Call 08/01/19)		USD	140		125,468
5.63%, 01/15/26 (Call 05/01/20)a,b		USD	25		22,188
5.88%, 02/15/22 (Call 02/15/17)		USD	50		48,250
MPH Acquisition Holdings LLC
7.13%, 06/01/24 (Call 06/01/19)a		USD	100		106,598
MPT Operating Partnership LP/MPT Finance Corp.
4.00%, 08/19/22 (Call 05/19/22)		EUR	100		118,391
6.38%, 03/01/24 (Call 03/01/19)		USD	50		54,487
MSCI Inc.
5.25%, 11/15/24 (Call 11/15/19)a		USD	100		106,750
5.75%, 08/15/25 (Call 08/15/20)a		USD	75		81,736
Murphy Oil Corp.
3.50%, 12/01/17		USD	50		49,875
4.00%, 06/01/22 (Call 03/01/22)		USD	25		21,813
4.70%, 12/01/22 (Call 09/01/22)		USD	50		45,000
Nabors Industries Inc.
4.63%, 09/15/21		USD	50		44,125
5.00%, 09/15/20		USD	50		46,990
Nationstar Mortgage LLC/Nationstar Capital Corp.
6.50%, 08/01/18 (Call 08/29/16)b		USD	50		47,875
6.50%, 07/01/21 (Call 01/01/17)		USD	75		64,500
Navient Corp.
4.63%, 09/25/17		USD	50		50,875
4.88%, 06/17/19b		USD	50		50,250
5.00%, 10/26/20b		USD	50		48,750
5.50%, 01/15/19b		USD	100		102,625
5.50%, 01/25/23b		USD	100		93,000
5.88%, 03/25/21		USD	50		49,500
5.88%, 10/25/24		USD	75		69,000
6.13%, 03/25/24		USD	75		70,687
6.63%, 07/26/21		USD	25		25,188
7.25%, 01/25/22b		USD	50		50,875
8.00%, 03/25/20		USD	100		107,000
8.45%, 06/15/18		USD	250		271,875
Navios Maritime Holdings Inc./Navios Maritime Finance II U.S. Inc.
7.38%, 01/15/22 (Call 01/15/17)a		USD	50		24,375
Navistar International Corp.
8.25%, 11/01/21 (Call 08/29/16)		USD	100		74,000
NBTY Inc.
7.63%, 05/15/21 (Call 05/15/18)a		USD	115		117,084

Security	Principal (000s)			Value
NCL Corp. Ltd.
4.63%, 11/15/20 (Call 11/15/17)a		USD	100	$	100,857
NCR Corp.
4.63%, 02/15/21 (Call 02/15/17)		USD	50		50,500
5.00%, 07/15/22 (Call 07/15/17)		USD	50		50,250
5.88%, 12/15/21 (Call 12/15/17)		USD	50		52,000
6.38%, 12/15/23 (Call 12/15/18)		USD	75		77,625
Neiman Marcus Group Ltd. LLC
8.00%, 10/15/21 (Call 10/15/16)a,b		USD	75		63,594
Neptune Finco Corp.
10.88%, 10/15/25 (Call 10/15/20)a		USD	200		234,250
Netflix Inc.
5.50%, 02/15/22		USD	50		53,136
5.75%, 03/01/24		USD	50		53,100
5.88%, 02/15/25		USD	100		106,631
Newfield Exploration Co.
5.38%, 01/01/26 (Call 10/01/25)		USD	100		95,500
5.63%, 07/01/24b		USD	75		74,062
5.75%, 01/30/22b		USD	75		74,625
Nexstar Escrow Corp.
5.63%, 08/01/24 (Call 08/01/19)a		USD	25		25,406
NGPL PipeCo LLC
7.12%, 12/15/17a		USD	100		104,750
9.63%, 06/01/19 (Call 08/29/16)a		USD	50		52,198
Nielsen Co. Luxembourg Sarl (The)
5.50%, 10/01/21 (Call 10/01/16)a		USD	50		52,000
Nielsen Finance LLC/Nielsen Finance Co.
4.50%, 10/01/20 (Call 10/01/16)		USD	75		76,500
5.00%, 04/15/22 (Call 04/15/17)a		USD	225		233,507
Novelis Inc.
8.38%, 12/15/17 (Call 08/29/16)		USD	50		51,063
8.75%, 12/15/20 (Call 08/29/16)b		USD	125		130,625
NRG Energy Inc.
6.25%, 07/15/22 (Call 07/15/18)		USD	100		100,402
6.25%, 05/01/24 (Call 05/01/19)b		USD	75		74,062
6.63%, 03/15/23 (Call 09/15/17)b		USD	75		75,600
6.63%, 01/15/27 (Call 07/15/21)a		USD	50		49,438
7.25%, 05/15/26 (Call 05/15/21)a		USD	85		87,550
7.63%, 01/15/18		USD	84		90,153
7.88%, 05/15/21 (Call 08/29/16)		USD	131		135,912
8.25%, 09/01/20 (Call 08/29/16)b		USD	130		133,913
Nuance Communications Inc.
5.38%, 08/15/20 (Call 08/29/16)a		USD	100		102,250
NuStar Logistics LP
4.80%, 09/01/20		USD	50		49,250
Oasis Petroleum Inc.
6.88%, 03/15/22 (Call 09/15/17)b		USD	100		87,250
7.25%, 02/01/19 (Call 08/29/16)		USD	50		46,711
OI European Group BV
6.75%, 09/15/20c		EUR	100		133,821
OneMain Financial Holdings LLC
6.75%, 12/15/19 (Call 12/15/16)a		USD	75		76,125
7.25%, 12/15/21 (Call 12/15/17)a		USD	100		100,083
ONEOK Inc.
4.25%, 02/01/22 (Call 11/02/21)		USD	50		48,250
7.50%, 09/01/23 (Call 06/01/23)		USD	75		82,125
Outfront Media Capital LLC/Outfront Media Capital Corp.
5.25%, 02/15/22 (Call 02/15/17)b		USD	25		25,750
5.63%, 02/15/24 (Call 02/15/19)		USD	50		52,875
5.88%, 03/15/25 (Call 09/15/19)b		USD	75		80,062
Owens-Brockway Glass Container Inc.
5.00%, 01/15/22a,b		USD	50		52,055
5.88%, 08/15/23a,b		USD	50		53,750

27

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2016

Security		Principal (000s)		Value
Pacific Drilling SA
5.38%, 06/01/20 (Call 08/29/16)a	USD		150	$	39,600
PBF Holding Co. LLC/PBF Finance Corp.
7.00%, 11/15/23 (Call 11/15/18)a	USD		65		62,021
Penske Automotive Group Inc.
5.50%, 05/15/26 (Call 05/15/21)b	USD		60		59,100
Permian Resources LLC
13.00%, 11/30/20 (Call 11/30/18)a	USD		50		57,661
Permian Resources LLC/AEPB Finance Corp.
7.13%, 11/01/20 (Call 01/31/17)a	USD		100		58,107
7.38%, 11/01/21 (Call 07/31/17)a	USD		50		29,125
Platform Specialty Products Corp.
6.50%, 02/01/22 (Call 02/01/18)a,b	USD		75		65,062
10.38%, 05/01/21 (Call 05/01/18)a	USD		50		50,375
Post Holdings Inc.
5.00%, 08/15/26 (Call 08/15/21)a	USD		100		99,687
6.00%, 12/15/22 (Call 06/15/18)a	USD		50		52,719
6.75%, 12/01/21 (Call 12/01/17)a	USD		50		53,375
7.38%, 02/15/22 (Call 02/15/17)	USD		125		133,636
7.75%, 03/15/24 (Call 09/15/18)a	USD		75		83,230
8.00%, 07/15/25 (Call 07/15/20)a	USD		75		86,187
Pride International Inc.
6.88%, 08/15/20	USD		75		71,437
Prime Security Services Borrower LLC/Prime Finance Inc.
9.25%, 05/15/23 (Call 05/15/19)a	USD		265		283,550
PulteGroup Inc.
5.00%, 01/15/27 (Call 10/15/26)	USD		25		25,000
5.50%, 03/01/26 (Call 12/01/25)	USD		55		57,887
QEP Resources Inc.
5.25%, 05/01/23 (Call 02/01/23)	USD		50		46,625
5.38%, 10/01/22 (Call 07/01/22)b	USD		50		47,313
6.88%, 03/01/21b	USD		50		50,250
Qorvo Inc.
6.75%, 12/01/23 (Call 12/01/18)a,b	USD		75		80,437
7.00%, 12/01/25 (Call 12/01/20)a	USD		50		53,875
Quicken Loans Inc.
5.75%, 05/01/25 (Call 05/01/20)a,b	USD		110		109,037
QVC Inc.
3.13%, 04/01/19	USD		25		25,573
4.38%, 03/15/23	USD		100		101,797
4.45%, 02/15/25 (Call 11/15/24)	USD		50		50,758
4.85%, 04/01/24	USD		50		52,119
5.13%, 07/02/22	USD		50		53,808
Range Resources Corp.
4.88%, 05/15/25 (Call 02/15/25)	USD		50		47,254
5.00%, 08/15/22 (Call 02/15/17)	USD		75		68,917
5.00%, 03/15/23 (Call 03/15/18)b	USD		75		68,674
5.75%, 06/01/21 (Call 08/29/16)	USD		50		48,250
Realogy Group LLC/Realogy Co-Issuer  Corp.
4.50%, 04/15/19a	USD		50		51,792
4.88%, 06/01/23 (Call 03/01/23)a,b	USD		50		50,650
5.25%, 12/01/21 (Call 12/01/17)a	USD		25		26,188
Regal Entertainment Group
5.75%, 03/15/22 (Call 03/15/17)b	USD		100		104,000
Rite Aid Corp.
6.13%, 04/01/23 (Call 04/01/18)a	USD		150		159,562
6.75%, 06/15/21 (Call 08/29/16)	USD		75		78,787
9.25%, 03/15/20 (Call 08/29/16)b	USD		50		52,713
Rockies Express Pipeline LLC
5.63%, 04/15/20a	USD		100		103,250
6.00%, 01/15/19a	USD		50		51,688
6.85%, 07/15/18a,b	USD		50		52,594
Rowan Companies Inc.

Security		Principal (000s)		Value
4.75%, 01/15/24 (Call 10/15/23)	USD		25	$	20,500
4.88%, 06/01/22 (Call 03/01/22)	USD		100		84,250
Royal Caribbean Cruises Ltd.
5.25%, 11/15/22b	USD		50		53,625
RR Donnelley & Sons Co.
6.00%, 04/01/24	USD		25		23,625
7.00%, 02/15/22	USD		25		25,438
7.88%, 03/15/21	USD		50		54,125
Sabine Pass Liquefaction LLC
5.63%, 02/01/21 (Call 11/01/20)b	USD		250		258,125
5.63%, 04/15/23 (Call 01/15/23)	USD		100		102,500
5.63%, 03/01/25 (Call 12/01/24)	USD		175		178,391
5.75%, 05/15/24 (Call 02/15/24)	USD		200		205,500
5.88%, 06/30/26a,b	USD		100		102,625
6.25%, 03/15/22 (Call 12/15/21)	USD		100		104,807
Sabine Pass LNG LP
6.50%, 11/01/20 (Call 11/01/16)	USD		50		51,886
Sabre GLBL Inc.
5.25%, 11/15/23 (Call 11/15/18)a	USD		50		52,375
Salini Impregilo SpA
3.75%, 06/24/21c	EUR		100		116,298
Sally Holdings LLC/Sally Capital Inc.
5.63%, 12/01/25 (Call 12/01/20)b	USD		80		85,842
5.75%, 06/01/22 (Call 06/01/17)	USD		100		104,262
Sanchez Energy Corp.
6.13%, 01/15/23 (Call 07/15/18)b	USD		125		83,875
7.75%, 06/15/21 (Call 06/15/17)b	USD		50		37,913
SBA Communications Corp.
4.88%, 07/15/22 (Call 07/15/17)b	USD		75		76,964
5.63%, 10/01/19 (Call 10/01/16)	USD		50		51,609
SBA Telecommunications Inc.
5.75%, 07/15/20 (Call 08/29/16)b	USD		50		51,625
Scientific Games International Inc.
7.00%, 01/01/22 (Call 01/01/18)a,b	USD		75		77,906
10.00%, 12/01/22 (Call 12/01/18)	USD		200		177,750
Sealed Air Corp.
4.50%, 09/15/23 (Call 06/15/23)c	EUR		100		121,497
4.88%, 12/01/22 (Call 09/01/22)a	USD		50		52,438
5.13%, 12/01/24 (Call 09/01/24)a	USD		25		26,219
5.25%, 04/01/23 (Call 01/01/23)a	USD		50		52,973
5.50%, 09/15/25 (Call 06/15/25)a	USD		25		26,711
Service Corp. International/U.S.
5.38%, 01/15/22 (Call 07/15/17)	USD		50		52,469
5.38%, 05/15/24 (Call 05/15/19)	USD		50		53,313
Sinclair Television Group Inc.
5.38%, 04/01/21 (Call 08/29/16)b	USD		50		52,063
5.63%, 08/01/24 (Call 08/01/19)a	USD		50		51,563
6.13%, 10/01/22 (Call 10/01/17)b	USD		50		52,388
Sirius XM Radio Inc.
4.25%, 05/15/20 (Call 08/29/16)a	USD		50		51,016
4.63%, 05/15/23 (Call 05/15/18)a	USD		50		50,000
5.38%, 04/15/25 (Call 04/15/20)a	USD		100		102,813
5.38%, 07/15/26 (Call 07/15/21)a,b	USD		100		102,449
5.75%, 08/01/21 (Call 08/29/16)a,b	USD		50		52,313
5.88%, 10/01/20 (Call 10/01/16)a	USD		50		51,834
6.00%, 07/15/24 (Call 07/15/19)a	USD		125		132,812
SM Energy Co.
5.00%, 01/15/24 (Call 07/15/18)	USD		25		19,875
5.63%, 06/01/25 (Call 06/01/20)	USD		50		40,167
6.13%, 11/15/22 (Call 11/15/18)b	USD		75		63,562
Smithfield Foods Inc.
5.25%, 08/01/18 (Call 08/29/16)a	USD		25		25,210
6.63%, 08/15/22 (Call 08/15/17)	USD		100		105,905

28

Schedule of Investments(Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2016

Security		Principal (000s)		Value
Solera LLC/Solera Finance Inc.
10.50%, 03/01/24 (Call 03/01/19)a	USD		125	$	135,000
Southwestern Energy Co.
4.10%, 03/15/22 (Call 12/15/21)	USD		75		66,281
5.80%, 01/23/20 (Call 12/23/19)	USD		75		73,113
6.70%, 01/23/25 (Call 10/23/24)b	USD		100		97,000
7.50%, 02/01/18	USD		10		10,509
Spectrum Brands Inc.
5.75%, 07/15/25 (Call 07/15/20)	USD		125		135,312
6.38%, 11/15/20 (Call 11/15/16)	USD		50		51,875
6.63%, 11/15/22 (Call 11/15/17)	USD		50		53,125
Springleaf Finance Corp.
5.25%, 12/15/19	USD		50		48,484
6.90%, 12/15/17	USD		150		158,265
7.75%, 10/01/21b	USD		50		49,813
8.25%, 12/15/20	USD		100		103,375
Sprint Communications Inc.
6.00%, 11/15/22	USD		200		172,121
7.00%, 03/01/20a	USD		100		106,400
7.00%, 08/15/20	USD		100		95,127
8.38%, 08/15/17	USD		100		103,875
9.00%, 11/15/18a	USD		325		351,942
11.50%, 11/15/21	USD		100		108,959
Sprint Corp.
7.13%, 06/15/24	USD		200		176,760
7.25%, 09/15/21	USD		200		186,521
7.63%, 02/15/25 (Call 11/15/24)	USD		150		135,123
7.88%, 09/15/23	USD		425		389,406
Standard Industries Inc./NJ
5.13%, 02/15/21 (Call 02/15/18)a	USD		50		52,304
5.38%, 11/15/24 (Call 11/15/19)a	USD		75		78,656
5.50%, 02/15/23 (Call 02/15/19)a	USD		50		52,188
6.00%, 10/15/25 (Call 10/15/20)a,b	USD		100		108,550
Steel Dynamics Inc.
5.13%, 10/01/21 (Call 10/01/17)	USD		50		51,972
5.25%, 04/15/23 (Call 04/15/18)	USD		50		52,250
5.50%, 10/01/24 (Call 10/01/19)	USD		75		79,184
6.13%, 08/15/19 (Call 08/29/16)	USD		50		51,617
Suburban Propane Partners LP/ Suburban Energy Finance  Corp.
5.50%, 06/01/24 (Call 06/01/19)b	USD		50		50,500
Summit Materials LLC/Summit Materials Finance Corp.
6.13%, 07/15/23 (Call 07/15/18)	USD		75		75,502
Sunoco LP/Sunoco Finance Corp.
5.50%, 08/01/20 (Call 08/01/17)a	USD		50		50,563
6.25%, 04/15/21 (Call 04/15/18)a	USD		75		76,232
6.38%, 04/01/23 (Call 04/01/18)a	USD		100		102,150
T-Mobile USA Inc.
6.00%, 03/01/23 (Call 09/01/18)	USD		100		105,802
6.00%, 04/15/24 (Call 04/15/19)	USD		100		106,594
6.13%, 01/15/22 (Call 01/15/18)	USD		100		105,137
6.25%, 04/01/21 (Call 04/01/17)	USD		300		314,383
6.38%, 03/01/25 (Call 09/01/19)	USD		125		133,999
6.46%, 04/28/19 (Call 08/09/16)	USD		150		153,124
6.50%, 01/15/24 (Call 01/15/19)b	USD		100		107,000
6.50%, 01/15/26 (Call 01/15/21)b	USD		200		217,036
6.54%, 04/28/20 (Call 08/09/16)	USD		100		103,263
6.63%, 11/15/20 (Call 08/09/16)	USD		50		51,688
6.63%, 04/28/21 (Call 04/28/17)	USD		100		105,125
6.63%, 04/01/23 (Call 04/01/18)	USD		100		107,205
6.73%, 04/28/22 (Call 04/28/17)	USD		100		105,000
6.84%, 04/28/23 (Call 04/28/18)	USD		50		53,595
Talen Energy Supply LLC
4.60%, 12/15/21 (Call 09/15/21)b	USD		50		40,313

Security		Principal (000s)		Value
4.63%, 07/15/19 (Call 08/29/16)a	USD		125	$	118,267
6.50%, 06/01/25 (Call 06/01/20)	USD		50		43,617
Targa Resources Partners LP/ Targa Resources Partners Finance  Corp.
4.13%, 11/15/19 (Call 11/15/16)	USD		50		49,813
4.25%, 11/15/23 (Call 05/15/18)	USD		50		46,375
5.00%, 01/15/18 (Call 10/15/17)	USD		100		101,069
5.25%, 05/01/23 (Call 11/01/17)	USD		50		49,000
6.75%, 03/15/24 (Call 09/15/19)a	USD		100		104,250
6.88%, 02/01/21 (Call 08/29/16)	USD		25		25,391
Taylor Morrison Communities Inc./ Monarch Communities  Inc.
5.25%, 04/15/21 (Call 08/29/16)a	USD		50		51,250
TEGNA Inc.
5.13%, 10/15/19 (Call 10/15/16)	USD		75		77,437
6.38%, 10/15/23 (Call 10/15/18)	USD		75		81,031
Tempur Sealy International Inc.
5.50%, 06/15/26 (Call 06/15/21)a	USD		50		50,969
5.63%, 10/15/23 (Call 10/15/18)	USD		50		51,792
Tenet Healthcare Corp.
4.38%, 10/01/21b	USD		100		99,931
4.50%, 04/01/21	USD		100		101,375
5.00%, 03/01/19	USD		100		96,500
5.50%, 03/01/19	USD		25		24,625
6.00%, 10/01/20	USD		150		158,992
6.25%, 11/01/18	USD		100		106,125
6.75%, 06/15/23	USD		200		193,000
8.00%, 08/01/20 (Call 08/29/16)	USD		50		51,063
8.13%, 04/01/22b	USD		250		258,437
Terex Corp.
6.00%, 05/15/21 (Call 11/15/16)	USD		75		76,095
TerraForm Power Operating LLC
5.88%, 02/01/23 (Call 02/01/18)a,b	USD		75		75,562
Tesoro Corp.
5.38%, 10/01/22 (Call 10/01/17)	USD		50		51,525
Tesoro Logistics LP/Tesoro Logistics Finance Corp.
5.50%, 10/15/19 (Call 09/15/19)	USD		50		53,054
5.88%, 10/01/20 (Call 10/01/16)	USD		50		51,222
6.13%, 10/15/21 (Call 10/15/16)	USD		50		52,005
6.25%, 10/15/22 (Call 10/15/18)	USD		75		78,094
6.38%, 05/01/24 (Call 05/01/19)b	USD		25		26,335
Toll Brothers Finance Corp.
5.88%, 02/15/22 (Call 11/15/21)	USD		100		108,714
Toys R Us Inc.
10.38%, 08/15/17 (Call 08/29/16)	USD		25		24,875
Toys R Us Property Co. II LLC
8.50%, 12/01/17 (Call 08/29/16)	USD		75		74,850
TransDigm Inc.
5.50%, 10/15/20 (Call 08/29/16)	USD		100		102,387
6.00%, 07/15/22 (Call 07/15/17)b	USD		100		103,375
6.38%, 06/15/26 (Call 06/15/21)a	USD		50		51,375
6.50%, 07/15/24 (Call 07/15/19)b	USD		75		78,000
6.50%, 05/15/25 (Call 05/15/20)b	USD		75		78,250
7.50%, 07/15/21 (Call 08/29/16)	USD		50		52,794
Transocean Inc.
3.75%, 10/15/17	USD		50		49,000
5.05%, 10/15/22 (Call 07/15/22)	USD		50		35,750
6.00%, 03/15/18b	USD		75		73,359
8.13%, 12/15/21	USD		175		144,375
9.00%, 07/15/23 (Call 07/15/20)a	USD		100		93,750
TreeHouse Foods Inc.
4.88%, 03/15/22 (Call 03/15/17)	USD		50		51,688
6.00%, 02/15/24 (Call 02/15/19)a	USD		50		53,657
TRI Pointe Group Inc./TRI Pointe Homes Inc.
5.88%, 06/15/24	USD		50		51,708

29

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2016

Security		Principal (000s)		Value
Tribune Media Co.
5.88%, 07/15/22 (Call 07/15/18)b	USD		100	$	102,000
Trinseo Materials Operating SCA/ Trinseo Materials Finance  Inc.
6.38%, 05/01/22 (Call 01/05/18)c	EUR		100		116,261
Tronox Finance LLC
6.38%, 08/15/20 (Call 08/29/16)b	USD		100		80,722
7.50%, 03/15/22 (Call 03/15/18)a	USD		50		39,688
U.S. Steel Corp.
7.38%, 04/01/20b	USD		24		23,880
7.50%, 03/15/22 (Call 03/15/17)b	USD		75		71,512
8.38%, 07/01/21 (Call 07/01/18)a	USD		25		27,281
United Rentals North America Inc.
4.63%, 07/15/23 (Call 07/15/18)	USD		75		76,500
5.50%, 07/15/25 (Call 07/15/20)b	USD		75		76,950
5.75%, 11/15/24 (Call 05/15/19)b	USD		100		103,521
5.88%, 09/15/26 (Call 09/15/21)	USD		50		51,938
6.13%, 06/15/23 (Call 12/15/17)b	USD		75		78,375
7.38%, 05/15/20 (Call 08/19/16)	USD		50		51,945
7.63%, 04/15/22 (Call 04/15/17)b	USD		100		106,818
Univision Communications Inc.
5.13%, 05/15/23 (Call 05/15/18)a	USD		100		102,750
5.13%, 02/15/25 (Call 02/15/20)a	USD		150		154,125
6.75%, 09/15/22 (Call 09/15/17)a	USD		90		96,300
8.50%, 05/15/21 (Call 08/29/16)a	USD		50		52,300
Valeant Pharmaceuticals International Inc.
4.50%, 05/15/23 (Call 05/15/18)c	EUR		125		109,912
5.38%, 03/15/20 (Call 03/15/17)a	USD		200		179,500
5.50%, 03/01/23 (Call 03/01/18)a	USD		100		82,250
5.63%, 12/01/21 (Call 12/01/16)a	USD		75		64,031
5.88%, 05/15/23 (Call 05/15/18)a,b	USD		275		229,625
6.13%, 04/15/25 (Call 04/15/20)a	USD		300		249,000
6.38%, 10/15/20 (Call 10/15/16)a	USD		175		157,937
6.75%, 08/15/18 (Call 08/29/16)a,b	USD		200		197,500
6.75%, 08/15/21 (Call 08/29/16)a	USD		50		44,694
7.00%, 10/01/20 (Call 08/29/16)a	USD		50		46,460
7.25%, 07/15/22 (Call 08/29/16)a	USD		50		44,869
7.50%, 07/15/21 (Call 08/29/16)a	USD		150		139,500
Vereit Operating Partnership LP
3.00%, 02/06/19 (Call 01/06/19)	USD		50		50,250
4.60%, 02/06/24 (Call 11/06/23)	USD		50		51,834
4.88%, 06/01/26 (Call 03/01/26)	USD		35		36,699
VeriSign Inc.
4.63%, 05/01/23 (Call 05/01/18)	USD		50		51,563
5.25%, 04/01/25 (Call 01/01/25)	USD		50		52,625
Voya Financial Inc.
VRN, (3 mo. LIBOR US + 3.580%)
5.65%, 05/15/53 (Call 05/15/23)b	USD		100		96,902
VWR Funding Inc.
4.63%, 04/15/22 (Call 04/15/18)c	EUR		100		115,279
Weatherford International Ltd.
4.50%, 04/15/22 (Call 01/15/22)b	USD		55		45,375
7.75%, 06/15/21 (Call 05/15/21)b	USD		95		89,775
West Corp.
5.38%, 07/15/22 (Call 07/15/17)a,b	USD		125		116,718
Western Digital Corp.
10.50%, 04/01/24 (Call 04/01/19)a	USD		300		337,500
Whiting Petroleum Corp.
5.00%, 03/15/19 (Call 12/15/18)	USD		100		87,500
5.75%, 03/15/21 (Call 12/15/20)b	USD		100		83,750
6.25%, 04/01/23 (Call 01/01/23)b	USD		50		41,313
WideOpenWest Finance LLC/ WideOpenWest Capital Corp.
10.25%, 07/15/19 (Call 08/29/16)	USD		75		78,278

Security	Principal or Shares (000s)			Value
Williams Companies Inc. (The)
3.70%, 01/15/23 (Call 10/15/22)b		USD	100	$	91,500
4.55%, 06/24/24 (Call 03/24/24)b		USD	100		95,500
Windstream Services LLC
6.38%, 08/01/23 (Call 02/01/18)		USD	50		43,094
7.50%, 06/01/22 (Call 06/01/17)		USD	50		46,373
7.50%, 04/01/23 (Call 08/29/16)b		USD	50		45,857
7.75%, 10/15/20 (Call 08/29/16)		USD	50		49,950
7.75%, 10/01/21 (Call 10/01/16)		USD	75		71,625
WMG Acquisition Corp.
6.00%, 01/15/21 (Call 08/29/16)a		USD	50		52,125
6.75%, 04/15/22 (Call 04/15/17)a,b		USD	50		52,560
WPX Energy Inc.
5.25%, 09/15/24 (Call 06/15/24)		USD	50		42,760
6.00%, 01/15/22 (Call 10/15/21)b		USD	75		67,875
7.50%, 08/01/20 (Call 07/01/20)		USD	50		49,375
8.25%, 08/01/23 (Call 06/01/23)b		USD	75		73,284
WR Grace & Co.-Conn
5.13%, 10/01/21a		USD	100		106,000
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
4.25%, 05/30/23 (Call 02/28/23)a,b		USD	50		47,750
5.38%, 03/15/22 (Call 03/15/17)b		USD	50		51,358
5.50%, 03/01/25 (Call 12/01/24)a		USD	175		175,875
XPO Logistics Inc.
5.75%, 06/15/21 (Call 12/15/17)c		EUR	100		109,866
6.50%, 06/15/22 (Call 06/15/18)a,b		USD	175		173,687
7.88%, 09/01/19 (Call 09/01/16)a		USD	75		77,719
Zayo Group LLC/Zayo Capital Inc.
6.00%, 04/01/23 (Call 04/01/18)		USD	125		130,312
6.38%, 05/15/25 (Call 05/15/20)b		USD	55		57,612
Zebra Technologies Corp.
7.25%, 10/15/22 (Call 10/15/17)b		USD	100		107,125
					66,747,577
TOTAL CORPORATE BONDS & NOTES
(Cost: $105,498,811)					103,469,693
SHORT-TERM INVESTMENTS — 19.74%
MONEY MARKET FUNDS — 19.74%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.57%d,e,f			16,757		16,757,399
BlackRock Cash Funds: Prime, SL Agency Shares
0.47%d,e,f			3,610		3,609,807

30

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2016

Security	Shares (000s)		Value
BlackRock Cash Funds: Treasury, SL Agency Shares
0.28%d,e		650	$	649,778
				21,016,984
TOTAL SHORT-TERM INVESTMENTS (Cost: $21,016,984)				21,016,984
TOTAL INVESTMENTS IN SECURITIES — 116.92% (Cost: $126,515,795)g				124,486,677
Other Assets, Less Liabilities — (16.92)%				(18,016,066	)
NET ASSETS — 100.00%			$	106,470,611

CAD  —  Canadian Dollar

EUR  —  Euro

GBP  —  British Pound

USD  —  United States Dollar

VRN  —  Variable Rate Note

^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.

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

^d  Affiliated money market fund.

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

^f  All or a portion of this security represents an investment of securities lending collateral.

^g  The cost of investments for federal income tax purposes was $126,552,404. Net unrealized depreciation was $2,065,727, of which $2,273,417 represented gross unrealized appreciation on securities and $4,339,144 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

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

	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Corporate bonds & notes	$	—	$	103,469,693	$	—	$	103,469,693
Money market funds		21,016,984		—		—		21,016,984
Total	$	21,016,984	$	103,469,693	$	—	$	124,486,677

31

Schedule of Investments (Unaudited)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

July 31, 2016

Security	Principal or Shares (000s)			Value
COMMON STOCKS — 0.00%
SOUTH AFRICA — 0.00%
Sentry Holdings Ltd. Class A		GBP	25	$	—
TOTAL COMMON STOCKS (Cost: $159,437)					—
CORPORATE BONDS & NOTES — 98.14%
AUSTRALIA — 0.70%
Origin Energy Finance Ltd. VRN, (5 year EUR Swap + 3.670%)
4.00%, 09/16/74 (Call 09/16/19)a		EUR	600		581,286
Santos Finance Ltd. VRN, (3 mo. Euribor + 6.851%)
8.25%, 09/22/70 (Call 09/22/17)		EUR	600		668,298
					1,249,584
AUSTRIA — 1.00%
Raiffeisen Bank International AG
6.00%, 10/16/23a		EUR	300		342,184
6.63%, 05/18/21		EUR	300		360,293
VRN, (5 year EUR Swap + 3.300%)
4.50%, 02/21/25 (Call 02/21/20)a		EUR	400		394,356
VRN, (5 year EUR Swap + 4.840%)
5.88%, 04/27/23 (Call 04/27/18)		EUR	200		231,128
Raiffeisenlandesbank Niederoesterreich-Wien AG
5.88%, 11/27/23a		EUR	200		216,691
Wienerberger AG
4.00%, 04/17/20		EUR	200		245,929
					1,790,581
BELGIUM — 0.73%
Barry Callebaut Services NV
2.38%, 05/24/24a		EUR	300		349,126
5.63%, 06/15/21a		EUR	200		271,941
6.00%, 07/13/17a		EUR	100		117,876
Ethias SA
5.00%, 01/14/26a		EUR	300		276,349
Ontex Group NV
4.75%, 11/15/21 (Call 11/15/17)a		EUR	100		118,998
Univeg Holding BV
7.88%, 11/15/20 (Call 11/15/16)a		EUR	150		174,921
					1,309,211
CANADA — 3.16%
Air Canada
7.63%, 10/01/19 (Call 10/01/16)b		CAD	150		120,059

Security	Principal (000s)			Value
Athabasca Oil Corp.
7.50%, 11/19/17 (Call 08/29/16)a		CAD	150	$	113,876
7.50%, 11/19/17 (Call 08/29/16)b		CAD	250		188,475
AutoCanada Inc.
5.63%, 05/25/21 (Call 05/25/17)		CAD	100		76,684
Baytex Energy Corp.
6.63%, 07/19/22 (Call 07/19/17)		CAD	150		101,798
Bombardier Inc.
6.13%, 05/15/21a		EUR	500		559,487
Brookfield Residential Properties Inc.
6.13%, 05/15/23 (Call 05/15/18)a		CAD	150		112,726
Canadian Energy Services & Technology Corp.
7.38%, 04/17/20 (Call 04/17/17)		CAD	200		147,425
Cascades Inc.
5.50%, 07/15/21 (Call 07/15/17)b		CAD	125		96,664
Cott Finance Corp.
5.50%, 07/01/24 (Call 07/01/19)a		EUR	275		324,795
Crew Energy Inc.
8.38%, 10/21/20 (Call 10/21/16)a		CAD	100		74,384
DHX Media Ltd.
5.88%, 12/02/21 (Call 12/02/17)		CAD	150		114,451
Entertainment One Ltd.
6.88%, 12/15/22 (Call 12/15/18)a		GBP	200		285,477
Gateway Casinos & Entertainment Ltd.
8.50%, 11/26/20 (Call 11/26/16)b		CAD	100		72,083
GFL Environmental Inc.
7.50%, 06/18/18 (Call 08/29/16)a		CAD	150		116,464
Gibson Energy Inc.
5.38%, 07/15/22 (Call 07/15/17)b		CAD	225		163,913
5.38%, 07/15/22 (Call 07/15/17)a		CAD	50		36,617
7.00%, 07/15/20 (Call 08/29/16)b		CAD	100		77,707
Great Canadian Gaming Corp.
6.63%, 07/25/22 (Call 07/25/17)b		CAD	350		278,459
Mattamy Group Corp.
6.88%, 11/15/20 (Call 08/29/16)b		CAD	150		115,026
Newalta Corp.
Series 2 7.75%, 11/14/19 (Call 08/29/16)		CAD	50		33,677
Noralta Lodge Ltd.
7.50%, 09/24/19 (Call 09/24/16)a		CAD	75		45,435
Paramount Resources Ltd.
7.63%, 12/04/19 (Call 08/18/16)		CAD	300		238,104
Parkland Fuel Corp.
5.50%, 05/28/21 (Call 05/28/17)		CAD	150		116,752
6.00%, 11/21/22 (Call 11/21/17)		CAD	150		117,614
Postmedia Network Inc.
8.25%, 08/16/17 (Call 08/29/16)b		CAD	120		83,438
Precision Drilling Corp.
6.50%, 03/15/19 (Call 08/29/16)		CAD	150		109,563
Quebecor Media Inc.
6.63%, 01/15/23b		CAD	275		221,426
7.38%, 01/15/21 (Call 08/29/16)		CAD	150		119,340
River Cree Enterprises LP
11.00%, 01/20/21 (Call 01/20/18)b		CAD	100		73,425
Russel Metals Inc.
6.00%, 04/19/22 (Call 04/19/17)b		CAD	75		57,765
6.00%, 04/19/22 (Call 04/19/17)		CAD	100		76,684
Sirius XM Canada Holdings Inc.
5.63%, 04/23/21 (Call 04/23/17)b		CAD	150		114,739
Southern Pacific Resource Corp.
8.75%, 01/25/18 (Call 08/29/16)b,c		CAD	50		96
Superior Plus LP
6.50%, 12/09/21 (Call 12/09/17)		CAD	100		78,985

32

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

July 31, 2016

Security	Principal (000s)			Value
Trilogy Energy Corp.
7.25%, 12/13/19 (Call 08/29/16)b		CAD	150	$	109,275
Videotron Ltd.
5.63%, 06/15/25 (Call 03/15/25)		CAD	275		215,802
5.75%, 01/15/26 (Call 09/15/20)a		CAD	300		234,654
6.88%, 07/15/21 (Call 08/29/16)		CAD	225		178,722
Wajax Corp.
6.13%, 10/23/20 (Call 10/23/17)a		CAD	100		75,917
Western Energy Services Corp.
7.88%, 01/30/19 (Call 08/29/16)		CAD	53		35,562
Yellow Pages Digital & Media Solutions Ltd.
9.25%, 11/30/18 (Call 08/29/16)		CAD	195		155,372
					5,668,917
DENMARK — 0.29%
TDC A/S VRN, (5 year EUR Swap + 3.110%)
3.50%, 02/26/49 (Call 02/26/21)a		EUR	500		530,342
					530,342
FINLAND — 0.65%
Nokia OYJ
6.75%, 02/04/19a		EUR	300		387,129
Outokumpu OYJ
6.63%, 09/30/19 (Call 03/30/17)		EUR	200		226,446
Stora Enso OYJ
2.13%, 06/16/23 (Call 03/16/23)a		EUR	100		113,522
5.50%, 03/07/19a		EUR	350		436,905
					1,164,002
FRANCE — 10.35%
3AB Optique Developpement SAS
5.63%, 04/15/19 (Call 08/29/16)a		EUR	200		223,888
Areva SA
3.13%, 03/20/23 (Call 12/20/22)a		EUR	500		457,085
3.25%, 09/04/20a		EUR	300		287,670
3.50%, 03/22/21		EUR	450		428,042
4.38%, 11/06/19		EUR	500		513,091
4.63%, 10/05/17a		EUR	500		551,423
4.88%, 09/23/24		EUR	600		580,707
Autodis SA
6.50%, 02/01/19 (Call 08/08/16)a		EUR	180		208,531
Casino Guichard Perrachon SA
2.80%, 08/05/26 (Call 05/05/26)a		EUR	400		484,694
3.31%, 01/25/23a		EUR	500		624,885
4.48%, 11/12/18		EUR	300		371,752
CGG SA
5.88%, 05/15/20 (Call 05/15/17)a		EUR	250		149,376
CMA CGM SA
7.75%, 01/15/21 (Call 01/15/18)a		EUR	400		351,131
8.75%, 12/15/18 (Call 08/29/16)a		EUR	200		209,869
ContourGlobal Power Holdings SA
5.13%, 06/15/21 (Call 06/15/18)a		EUR	350		402,957
Elis SA
3.00%, 04/30/22 (Call 04/30/18)a		EUR	500		569,713
Europcar Groupe SA
5.75%, 06/15/22 (Call 06/15/18)a		EUR	300		341,807
Faurecia
3.13%, 06/15/22 (Call 06/15/18)a		EUR	450		514,063
3.63%, 06/15/23 (Call 06/15/19)a		EUR	500		579,086

Security	Principal (000s)			Value
Groupama SA VRN, (3 mo. Euribor + 5.360%)
7.88%, 10/27/39 (Call 10/27/19)		EUR	500	$	593,423
Holdikks SAS
6.75%, 07/15/21 (Call 07/15/17)a		EUR	200		201,858
Holding Medi-Partenaires SAS
7.00%, 05/15/20 (Call 08/08/16)a		EUR	300		352,067
HomeVi SAS
6.88%, 08/15/21 (Call 08/15/17)a		EUR	300		357,312
Horizon Holdings III SASU
5.13%, 08/01/22 (Call 08/01/18)a		EUR	200		236,063
La Financiere Atalian SAS
7.25%, 01/15/20 (Call 01/15/17)a		EUR	225		266,628
Labeyrie Fine Foods SAS
5.63%, 03/15/21 (Call 03/15/17)a		EUR	200		233,017
Loxam SAS
3.50%, 05/03/23 (Call 05/03/19)a		EUR	200		230,346
4.88%, 07/23/21 (Call 07/23/17)a		EUR	200		234,880
7.00%, 07/23/22 (Call 07/23/17)a		EUR	150		180,713
Nexans SA
3.25%, 05/26/21 (Call 02/26/21)a		EUR	200		235,800
4.25%, 03/19/18a		EUR	100		117,472
Novafives SAS
4.50%, 06/30/21 (Call 06/30/17)a		EUR	250		254,643
PagesJaunes Finance & Co. SCA
8.88%, 06/01/18 (Call 08/08/16)a		EUR	200		107,625
Paprec Holding
5.25%, 04/01/22 (Call 04/01/18)a		EUR	200		231,180
Peugeot SA
2.38%, 04/14/23a		EUR	300		361,454
6.50%, 01/18/19a		EUR	300		384,892
7.38%, 03/06/18a		EUR	350		434,863
Rexel SA
3.25%, 06/15/22 (Call 06/15/18)a		EUR	300		343,536
3.50%, 06/15/23 (Call 06/15/19)a		EUR	300		343,575
SFR Group SA
5.38%, 05/15/22 (Call 05/15/17)a		EUR	700		806,099
5.63%, 05/15/24 (Call 05/15/19)a		EUR	800		911,048
SGD Group SAS
5.63%, 05/15/19 (Call 08/08/16)a		EUR	200		229,307
SMCP SAS
8.88%, 06/15/20 (Call 08/08/16)a		EUR	100		116,845
SPCM SA
2.88%, 06/15/23 (Call 06/15/18)a		EUR	400		445,407
Synlab Bondco PLC
6.25%, 07/01/22 (Call 07/01/18)a		EUR	550		655,887
Synlab Unsecured Bondco PLC
8.25%, 07/01/23 (Call 07/01/18)a		EUR	250		290,419
Tereos Finance Groupe I SA
4.13%, 06/16/23 (Call 03/16/23)a		EUR	200		224,690
4.25%, 03/04/20 (Call 03/04/19)		EUR	300		349,402
THOM Europe SAS
7.38%, 07/15/19 (Call 08/29/16)a		EUR	200		235,086
Vallourec SA
2.25%, 09/30/24a		EUR	300		239,299
3.25%, 08/02/19		EUR	300		321,008
WFS Global Holding SAS
9.50%, 07/15/22 (Call 07/15/18)a		EUR	200		209,696
					18,585,310

33

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

July 31, 2016

Security	Principal (000s)			Value
GERMANY — 14.06%
Bilfinger SE
2.38%, 12/07/19a		EUR	300	$	340,808
BMBG Bond Finance SCA
3.00%, 06/15/21 (Call 06/15/18)a		EUR	100		114,521
CeramTec Group GmbH
8.25%, 08/15/21 (Call 08/29/16)a		EUR	200		237,314
Deutsche Lufthansa AG
1.13%, 09/12/19a		EUR	250		287,566
VRN, (5 year EUR Swap + 4.783%)
5.13%, 08/12/75 (Call 02/12/21)a		EUR	400		474,871
Deutsche Raststaetten Gruppe IV GmbH
6.75%, 12/30/20 (Call 12/30/16)a		EUR	200		236,011
Douglas GmbH
6.25%, 07/15/22 (Call 07/15/18)a		EUR	250		304,058
FMC Finance VII SA
5.25%, 02/15/21a		EUR	200		266,431
FMC Finance VIII SA
5.25%, 07/31/19a		EUR	150		190,868
6.50%, 09/15/18a		EUR	200		252,775
Fresenius Finance BV
2.38%, 02/01/19a		EUR	200		234,597
2.88%, 07/15/20a		EUR	500		610,041
3.00%, 02/01/21a		EUR	300		367,817
4.00%, 02/01/24a		EUR	200		267,143
4.25%, 04/15/19a		EUR	200		246,928
FTE Verwaltungs GmbH
9.00%, 07/15/20 (Call 08/29/16)a		EUR	100		117,994
Galapagos Holding SA
7.00%, 06/15/22 (Call 06/15/17)a		EUR	200		171,868
Hapag-Lloyd AG
7.50%, 10/15/19 (Call 10/15/16)a		EUR	100		115,610
7.75%, 10/01/18 (Call 08/29/16)a		EUR	300		342,638
HeidelbergCement AG
2.25%, 03/30/23 (Call 12/30/22)a		EUR	670		783,096
2.25%, 06/03/24 (Call 03/03/24)a		EUR	500		582,103
HeidelbergCement Finance Luxembourg SA
2.25%, 03/12/19a		EUR	300		349,251
3.25%, 10/21/20a		EUR	300		369,105
3.25%, 10/21/21a		EUR	300		370,868
5.63%, 01/04/18a		EUR	300		360,629
7.50%, 04/03/20a		EUR	400		554,218
8.50%, 10/31/19a		EUR	200		279,579
9.50%, 12/15/18a		EUR	300		407,423
Hornbach Baumarkt AG
3.88%, 02/15/20a		EUR	150		182,871
HP Pelzer Holding GmbH
7.50%, 07/15/21 (Call 07/15/17)a		EUR	150		177,560
Kirk Beauty One GmbH
8.75%, 07/15/23 (Call 07/15/18)a		EUR	150		181,183
Norddeutsche Landesbank Girozentrale
6.00%, 06/29/20		EUR	300		355,515
Pfleiderer GmbH
7.88%, 08/01/19 (Call 08/29/16)a		EUR	100		116,103
Phoenix PIB Dutch Finance BV
3.13%, 05/27/20a		EUR	100		120,312
3.63%, 07/30/21a		EUR	200		247,381
ProGroup AG
5.13%, 05/01/22 (Call 05/01/18)a		EUR	200		238,483
Rheinmetall AG
5.25%, 09/22/17		EUR	300		352,790

Security	Principal (000s)			Value
RWE AG
VRN, (5 year EUR Swap + 2.643%)
2.75%, 04/21/75 (Call 10/21/20)a		EUR	500	$	487,269
VRN, (5 year EUR Swap + 3.245%)
3.50%, 04/21/75 (Call 04/21/25)a		EUR	300		270,438
Schaeffler Finance BV
2.50%, 05/15/20 (Call 05/15/17)a		EUR	200		228,799
2.75%, 05/15/19 (Call 08/29/16)a		EUR	350		397,312
3.25%, 05/15/19 (Call 08/29/16)a		EUR	400		454,385
3.25%, 05/15/25 (Call 05/15/20)a		EUR	400		474,292
3.50%, 05/15/22 (Call 05/15/17)a		EUR	300		346,546
4.25%, 05/15/18 (Call 08/18/16)a		EUR	400		452,131
Senvion Holding GmbH
6.63%, 11/15/20 (Call 05/15/17)a		EUR	200		233,729
SGL Carbon SE
4.88%, 01/15/21 (Call 01/15/17)a		EUR	200		219,240
Takko Luxembourg 2 SCA
9.88%, 04/15/19 (Call 08/08/16)a		EUR	200		130,487
Techem Energy Metering Service GmbH & Co. KG
7.88%, 10/01/20 (Call 10/01/16)a		EUR	200		234,781
Techem GmbH
6.13%, 10/01/19 (Call 08/08/16)a		EUR	300		350,104
ThyssenKrupp AG
1.75%, 11/25/20 (Call 08/25/20)a		EUR	450		510,852
2.50%, 02/25/25a		EUR	400		452,667
2.75%, 03/08/21 (Call 12/08/20)a		EUR	600		702,565
3.13%, 10/25/19 (Call 07/25/19)a		EUR	750		892,274
4.00%, 08/27/18		EUR	1,100		1,310,533
Trionista Holdco GmbH
5.00%, 04/30/20 (Call 08/29/16)a		EUR	200		229,312
Trionista TopCo GmbH
6.88%, 04/30/21 (Call 08/29/16)a		EUR	300		353,283
TUI AG
4.50%, 10/01/19 (Call 10/01/16)a		EUR	200		228,866
Unitymedia GmbH
3.75%, 01/15/27 (Call 01/15/21)a		EUR	400		423,181
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
3.50%, 01/15/27 (Call 01/15/21)a		EUR	300		333,019
4.00%, 01/15/25 (Call 01/15/20)a		EUR	600		697,614
4.63%, 02/15/26 (Call 02/15/21)a		EUR	400		473,538
5.13%, 01/21/23 (Call 01/21/18)a		EUR	243		287,802
5.50%, 09/15/22 (Call 09/15/17)a		EUR	243		289,340
5.63%, 04/15/23 (Call 04/15/18)a		EUR	160		191,660
5.75%, 01/15/23 (Call 01/15/18)a		EUR	243		291,073
WEPA Hygieneprodukte GmbH
3.75%, 05/15/24 (Call 05/15/19)a		EUR	300		349,464
ZF North America Capital Inc.
2.25%, 04/26/19a		EUR	800		932,332
2.75%, 04/27/23a		EUR	700		824,458
					25,261,675
GREECE — 1.16%
Frigoglass Finance BV
8.25%, 05/15/18 (Call 08/29/16)a		EUR	200		133,838
Intralot Finance Luxembourg SA
9.75%, 08/15/18 (Call 08/29/16)a		EUR	150		175,850
OTE PLC
3.50%, 07/09/20a		EUR	400		448,581
4.38%, 12/02/19a		EUR	300		345,072
7.88%, 02/07/18a		EUR	400		481,601
PPC Finance PLC
5.50%, 05/01/19 (Call 05/01/17)a		EUR	300		270,057

34

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

July 31, 2016

Security	Principal (000s)			Value
Titan Global Finance PLC
3.50%, 06/17/21a		EUR	100	$	113,502
4.25%, 07/10/19a		EUR	100		114,630
					2,083,131
INDIA — 0.19%
Samvardhana Motherson Automotive Systems Group BV
4.13%, 07/15/21 (Call 07/15/17)a		EUR	300		342,814
					342,814
IRELAND — 2.84%
Allied Irish Banks PLC
1.38%, 03/16/20a		EUR	300		342,942
2.75%, 04/16/19a		EUR	300		354,229
VRN, (5 year EUR Swap + 3.950%)
4.13%, 11/26/25 (Call 11/26/20)a		EUR	500		534,008
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
4.13%, 05/15/23 (Call 05/15/19)a		EUR	200		231,575
4.25%, 01/15/22 (Call 06/30/17)a		EUR	700		807,251
6.75%, 05/15/24 (Call 05/15/19)a		EUR	500		585,427
Bank of Ireland
10.00%, 12/19/22a		EUR	100		142,546
VRN, (5 year EUR Swap + 3.550%)
4.25%, 06/11/24 (Call 06/11/19)a		EUR	600		668,350
eircom Finance DAC
4.50%, 05/31/22 (Call 05/31/18)a		EUR	300		337,987
Series AUG
4.50%, 05/31/22 (Call 05/31/18)a		EUR	175		197,416
Smurfit Kappa Acquisitions
2.75%, 02/01/25 (Call 11/01/24)a		EUR	150		172,159
3.25%, 06/01/21 (Call 03/10/21)a		EUR	300		362,312
4.13%, 01/30/20a		EUR	300		368,181
					5,104,383
ITALY — 18.32%
Astaldi SpA
7.13%, 12/01/20 (Call 12/01/16)a		EUR	500		552,171
Autostrada Brescia Verona Vicenza Padova SpA
2.38%, 03/20/20a		EUR	350		410,004
Banca Monte dei Paschi di Siena SpA
3.63%, 04/01/19a		EUR	650		725,381
5.00%, 04/21/20a		EUR	250		218,373
5.60%, 09/09/20		EUR	200		176,124
Banca Popolare di Milano Scarl
4.25%, 01/30/19a		EUR	300		359,768
7.13%, 03/01/21a		EUR	300		354,331
Banca Popolare di Vicenza
2.75%, 03/20/20a		EUR	500		506,021
5.00%, 10/25/18a		EUR	300		322,988
Banco Popolare SC
2.38%, 01/22/18a		EUR	500		565,457
2.63%, 09/21/18a		EUR	300		341,426
2.75%, 07/27/20a		EUR	700		798,415
3.50%, 03/14/19a		EUR	800		925,051
6.00%, 11/05/20a		EUR	400		459,109
6.38%, 05/31/21a		EUR	200		230,077
Bormioli Rocco Holdings SA
10.00%, 08/01/18 (Call 08/29/16)a		EUR	100		114,805
Buzzi Unicem SpA
2.13%, 04/28/23 (Call 01/28/23)a		EUR	300		340,075
6.25%, 09/28/18a		EUR	200		250,282

Security	Principal (000s)			Value
Cooperativa Muratori & Cementisti-CMC di Ravenna SC
7.50%, 08/01/21 (Call 08/01/17)a		EUR	250	$	228,073
Enel SpA
VRN, (5 year EUR Swap + 3.648%)
5.00%, 01/15/75 (Call 01/15/20)a		EUR	700		836,466
VRN, (5 year EUR Swap + 5.242%)
6.50%, 01/10/74 (Call 01/10/19)a		EUR	800		974,328
Iccrea Banca SpA
1.88%, 11/25/19a		EUR	300		344,214
Intesa Sanpaolo SpA
2.86%, 04/23/25a		EUR	300		333,585
3.93%, 09/15/26a		EUR	600		698,576
5.00%, 09/23/19a		EUR	700		857,290
5.15%, 07/16/20		EUR	700		877,377
6.63%, 05/08/18a		EUR	400		479,781
6.63%, 09/13/23a		EUR	1,000		1,338,507
Italcementi Finance SA
6.13%, 02/21/18a		EUR	300		364,719
6.63%, 03/19/20a		EUR	500		665,563
Leonardo-Finmeccanica SpA
4.50%, 01/19/21		EUR	500		635,518
8.00%, 12/16/19		GBP	150		232,068
Manutencoop Facility Management SpA
8.50%, 08/01/20 (Call 08/29/16)a		EUR	200		198,464
Mediobanca SpA
5.00%, 11/15/20		EUR	400		487,184
5.75%, 04/18/23		EUR	400		506,904
Onorato Armatori SpA
7.75%, 02/15/23 (Call 02/15/19)a		EUR	200		218,815
Piaggio & C SpA
4.63%, 04/30/21 (Call 04/30/17)a		EUR	100		115,762
Salini Costruttori SpA
6.13%, 08/01/18		EUR	200		244,439
Sisal Group SpA
7.25%, 09/30/17 (Call 08/08/16)a		EUR	200		223,518
Snai SpA
7.63%, 06/15/18 (Call 08/29/16)a		EUR	200		231,489
Telecom Italia SpA
4.00%, 01/21/20a		EUR	500		612,900
4.75%, 05/25/18a		EUR	300		360,850
4.88%, 09/25/20a		EUR	300		384,172
5.25%, 02/10/22a		EUR	400		527,307
6.13%, 12/14/18		EUR	300		378,565
Telecom Italia SpA/Milano
3.25%, 01/16/23a		EUR	600		729,144
3.63%, 01/19/24a		EUR	300		364,639
3.63%, 05/25/26a		EUR	300		356,778
4.50%, 09/20/17a		EUR	200		234,154
4.50%, 01/25/21a		EUR	250		319,447
5.38%, 01/29/19a		EUR	400		499,021
6.38%, 06/24/19		GBP	400		594,916
UniCredit SpA
5.75%, 09/26/17		EUR	600		704,398
6.13%, 04/19/21a		EUR	250		321,710
6.70%, 06/05/18a		EUR	550		661,303
6.95%, 10/31/22a		EUR	1,050		1,332,550
VRN, (5 year EUR Swap + 4.100%)
5.75%, 10/28/25 (Call 10/28/20)a		EUR	700		817,141
Unione di Banche Italiane SpA VRN, (5 year EUR Swap + 4.182%)
4.25%, 05/05/26 (Call 05/05/21)a		EUR	500		553,623
Unipol Gruppo Finanziario SpA
3.00%, 03/18/25a		EUR	600		663,436
4.38%, 03/05/21a		EUR	240		292,715

35

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

July 31, 2016

Security	Principal (000s)			Value
Veneto Banca SCPA
4.00%, 05/20/19a		EUR	300	$	316,762
Wind Acquisition Finance SA
4.00%, 07/15/20 (Call 08/08/16)a		EUR	1,700		1,910,849
7.00%, 04/23/21 (Call 04/23/17)a		EUR	1,100		1,224,450
					32,903,328
JAPAN — 1.23%
SoftBank Group Corp.
4.00%, 07/30/22 (Call 04/30/22)a		EUR	300		360,300
4.63%, 04/15/20a		EUR	400		492,471
4.75%, 07/30/25 (Call 04/30/25)a		EUR	800		983,265
5.25%, 07/30/27 (Call 04/30/27)a		EUR	300		368,776
					2,204,812
LUXEMBOURG — 6.10%
Altice Financing SA
5.25%, 02/15/23 (Call 02/15/18)a		EUR	300		343,605
6.50%, 01/15/22 (Call 12/15/16)a		EUR	250		297,058
Altice Finco SA
9.00%, 06/15/23 (Call 06/15/18)a		EUR	100		126,708
Altice Luxembourg SA
6.25%, 02/15/25 (Call 02/15/20)a		EUR	500		519,273
7.25%, 05/15/22 (Call 05/15/17)a		EUR	1,300		1,469,020
ArcelorMittal
2.88%, 07/06/20a		EUR	400		453,985
3.00%, 03/25/19a		EUR	600		694,915
3.00%, 04/09/21a		EUR	300		335,479
3.13%, 01/14/22a		EUR	500		560,342
5.75%, 03/29/18a		EUR	100		120,816
5.88%, 11/17/17a		EUR	250		297,786
Befesa Zinc SAU Via Zinc Capital SA
8.88%, 05/15/18 (Call 08/29/16)a		EUR	200		227,374
ConvaTec Healthcare E SA
10.88%, 12/15/18 (Call 08/29/16)a		EUR	150		172,581
Garfunkelux Holdco 3 SA
7.50%, 08/01/22 (Call 08/01/18)a		EUR	300		339,151
8.50%, 11/01/22 (Call 11/01/18)a		GBP	350		462,285
Geo Debt Finance SCA
7.50%, 08/01/18 (Call 08/29/16)a		EUR	200		217,989
INEOS Group Holdings SA
5.38%, 08/01/24 (Call 08/01/19)a		EUR	300		332,078
5.75%, 02/15/19 (Call 08/29/16)a		EUR	350		402,622
6.50%, 08/15/18 (Call 08/24/16)a		EUR	300		341,575
LSF9 Balta Issuer SA
7.75%, 09/15/22 (Call 09/15/18)a		EUR	150		176,309
Matterhorn Telecom SA
3.88%, 05/01/22 (Call 05/01/18)a		EUR	600		661,464
Picard Bondco SA
7.75%, 02/01/20 (Call 08/29/16)a		EUR	250		295,513
SIG Combibloc Holdings SCA
7.75%, 02/15/23 (Call 02/15/18)a		EUR	400		477,115
Swissport Investments SA
6.75%, 12/15/21 (Call 06/15/18)a		EUR	200		226,925
9.75%, 12/15/22 (Call 12/15/18)a		EUR	250		273,374
Telenet Finance V Luxembourg SCA
6.25%, 08/15/22 (Call 08/15/17)a		EUR	100		120,027
6.75%, 08/15/24 (Call 08/15/18)a		EUR	350		436,618
Telenet Finance VI Luxembourg SCA
4.88%, 07/15/27 (Call 07/15/21)a		EUR	300		348,872

Security	Principal (000s)			Value
Unilabs Subholding AB
8.50%, 07/15/18 (Call 08/08/16)a		EUR	200	$	228,118
					10,958,977
NETHERLANDS — 3.01%
Atradius Finance BV VRN, (3 mo. Euribor + 5.031%)
5.25%, 09/23/44 (Call 09/23/24)a		EUR	150		139,723
Carlson Wagonlit BV
7.50%, 06/15/19 (Call 08/29/16)a		EUR	200		232,019
Constellium NV
4.63%, 05/15/21 (Call 05/15/17)a		EUR	150		140,930
Hema Bondco I BV
6.25%, 06/15/19 (Call 08/08/16)a		EUR	200		171,960
InterXion Holding NV
6.00%, 07/15/20 (Call 08/08/16)a		EUR	400		472,235
LGE HoldCo VI BV
7.13%, 05/15/24 (Call 05/15/19)a		EUR	400		504,702
Lincoln Finance Ltd.
6.88%, 04/15/21 (Call 04/15/18)a		EUR	800		964,966
Nyrstar Netherlands Holdings BV
8.50%, 09/15/19a		EUR	250		286,142
OI European Group BV
4.88%, 03/31/21a		EUR	200		254,021
SNS Bank NV
6.25%, 10/26/20		EUR	50		—
UPC Holding BV
6.38%, 09/15/22 (Call 09/15/17)a		EUR	400		479,243
6.75%, 03/15/23 (Call 03/15/18)a		EUR	350		423,435
UPCB Finance IV Ltd.
4.00%, 01/15/27 (Call 01/15/21)a		EUR	400		442,781
Ziggo Bond Finance BV
4.63%, 01/15/25 (Call 01/15/20)a		EUR	300		331,580
Ziggo Secured Finance BV
3.75%, 01/15/25 (Call 01/15/20)a		EUR	500		559,245
					5,402,982
NORWAY — 0.52%
Lock AS
7.00%, 08/15/21 (Call 08/15/17)a		EUR	550		644,652
Lock Lower Holding AS
9.50%, 08/15/22 (Call 08/15/18)a		EUR	100		113,502
Norske Skog AS
11.75%, 12/15/19 (Call 02/15/17)a		EUR	200		175,849
					934,003
PORTUGAL — 0.32%
EDP — Energias de Portugal SA VRN, (5 year EUR Swap + 5.043%)
5.38%, 09/16/75 (Call 03/16/21)a		EUR	500		568,376
					568,376
SPAIN — 4.62%
Aldesa Financial Services SA
7.25%, 04/01/21 (Call 04/01/17)a		EUR	150		112,088
Almirall SA
4.63%, 04/01/21 (Call 04/01/17)a		EUR	200		232,545
Banco de Sabadell SA
5.63%, 05/06/26a		EUR	400		456,130
6.25%, 04/26/20		EUR	200		246,779

36

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

July 31, 2016

Security	Principal (000s)			Value
Bankia SA
3.50%, 01/17/19a		EUR	700	$	836,375
VRN, (5 year EUR Swap + 3.166%)
4.00%, 05/22/24 (Call 05/22/19)a		EUR	600		656,572
Bankinter SA
6.38%, 09/11/19a		EUR	150		190,905
BPE Financiaciones SA
2.00%, 02/03/20a		EUR	700		782,368
CaixaBank SA VRN, (5 year EUR Swap + 3.950%)
5.00%, 11/14/23 (Call 11/14/18)a		EUR	500		587,974
Campofrio Food Group SA
3.38%, 03/15/22 (Call 03/15/18)a		EUR	300		345,697
Cellnex Telecom SAU
3.13%, 07/27/22a		EUR	400		472,374
Cirsa Funding Luxembourg SA
5.75%, 05/15/21 (Call 05/15/18)a		EUR	300		350,271
5.88%, 05/15/23 (Call 05/15/18)a		EUR	350		404,387
Ence Energia y Celulosa SA
5.38%, 11/01/22 (Call 11/01/18)a		EUR	150		180,189
Grupo Antolin Dutch BV
4.75%, 04/01/21 (Call 04/01/17)a		EUR	200		232,702
5.13%, 06/30/22 (Call 06/30/18)a		EUR	300		356,677
Grupo Isolux Corsan Finance BV
6.63%, 04/15/21 (Call 04/15/17)a		EUR	500		100,643
Ibercaja Banco SA VRN, (5 year EUR Swap + 4.551%)
5.00%, 07/28/25 (Call 07/28/20)a		EUR	300		307,570
NH Hotel Group SA
6.88%, 11/15/19 (Call 11/15/17)a		EUR	150		183,942
Obrascon Huarte Lain SA
4.75%, 03/15/22 (Call 03/15/18)a		EUR	250		195,482
5.50%, 03/15/23 (Call 03/15/18)a		EUR	200		157,767
PortAventura Entertainment Barcelona BV
7.25%, 12/01/20 (Call 12/01/16)a		EUR	200		232,093
Repsol International Finance BV VRN, (10 year EUR Swap + 4.200%)
4.50%, 03/25/75 (Call 03/25/25)a		EUR	700		680,135
					8,301,665
SWEDEN — 1.57%
Akelius Residential Property AB
3.38%, 09/23/20a		EUR	200		235,386
Auris Luxembourg II SA
8.00%, 01/15/23 (Call 01/15/18)a		EUR	200		242,787
Hoist Kredit AB
3.13%, 12/09/19a		EUR	100		114,907
Ovako AB
6.50%, 06/01/19 (Call 08/29/16)a		EUR	150		127,783
Verisure Holding AB
6.00%, 11/01/22 (Call 11/01/18)a		EUR	500		605,311
Volvo Car AB
3.25%, 05/18/21a		EUR	300		355,457
Volvo Treasury AB
VRN, (5 year EUR Swap + 3.797%)
4.20%, 06/10/75 (Call 06/10/20)a		EUR	600		687,602
VRN, (5 year EUR Swap + 4.101%)
4.85%, 03/10/78 (Call 03/10/23)a		EUR	400		460,691
					2,829,924

Security	Principal (000s)			Value
SWITZERLAND — 0.80%
Dufry Finance SCA
4.50%, 07/15/22 (Call 07/15/17)a		EUR	300	$	354,071
4.50%, 08/01/23 (Call 08/01/18)a		EUR	450		534,638
LKQ Italia Bondco SpA
3.88%, 04/01/24 (Call 01/01/24)a		EUR	300		354,683
Selecta Group BV
6.50%, 06/15/20 (Call 12/15/16)a		EUR	200		187,866
					1,431,258
UNITED KINGDOM — 17.81%
Algeco Scotsman Global Finance PLC
9.00%, 10/15/18 (Call 08/29/16)a		EUR	200		190,282
Alliance Automotive Finance PLC
6.25%, 12/01/21 (Call 11/19/17)a		EUR	200		240,662
Anglo American Capital PLC
1.50%, 04/01/20a		EUR	400		427,386
2.50%, 04/29/21a		EUR	500		537,311
2.75%, 06/07/19a		EUR	500		567,436
2.88%, 11/20/20a		EUR	400		441,884
3.25%, 04/03/23a		EUR	500		537,055
3.50%, 03/28/22a		EUR	500		554,329
Arqiva Broadcast Finance PLC
9.50%, 03/31/20 (Call 09/30/16)a		GBP	400		574,247
Aston Martin Capital Ltd.
9.25%, 07/15/18 (Call 08/30/16)a		GBP	200		270,842
Boparan Finance PLC
4.38%, 07/15/21 (Call 07/15/17)a		EUR	250		265,098
5.25%, 07/15/19 (Call 08/30/16)a		GBP	150		194,831
5.50%, 07/15/21 (Call 07/15/17)a		GBP	200		246,438
Cabot Financial Luxembourg SA
10.38%, 10/01/19 (Call 08/08/16)a		GBP	150		210,115
CNH Industrial Finance Europe SA
2.75%, 03/18/19a		EUR	800		925,513
2.88%, 09/27/21a		EUR	400		467,475
2.88%, 05/17/23a		EUR	200		229,000
6.25%, 03/09/18a		EUR	700		849,572
Co-Operative Bank PLC/United Kingdom
5.13%, 09/20/17		GBP	250		303,744
Cognita Financing PLC
7.75%, 08/15/21 (Call 08/15/17)a		GBP	150		203,767
Darty Financement SAS
5.88%, 03/01/21 (Call 03/01/17)a		EUR	100		117,919
EC Finance PLC
5.13%, 07/15/21 (Call 01/15/17)a		EUR	200		231,347
Elli Finance UK PLC
8.75%, 06/15/19 (Call 08/30/16)b		GBP	100		106,700
8.75%, 06/15/19 (Call 08/29/16)a		GBP	100		106,700
Fiat Chrysler Automobiles NV
3.75%, 03/29/24a		EUR	800		916,785
Fiat Chrysler Finance Europe
4.75%, 03/22/21a		EUR	700		856,285
4.75%, 07/15/22a		EUR	800		977,870
6.63%, 03/15/18a		EUR	700		847,156
6.75%, 10/14/19a		EUR	800		1,024,796
7.38%, 07/09/18		EUR	300		372,125
Iceland Bondco PLC
6.25%, 07/15/21 (Call 07/15/17)a		GBP	250		300,726
IDH Finance PLC
6.25%, 08/15/22 (Call 08/15/18)a		GBP	150		197,910

37

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

July 31, 2016

Security	Principal (000s)			Value
Ineos Finance PLC
4.00%, 05/01/23 (Call 05/01/18)a		EUR	500	$	567,145
Infinis PLC
7.00%, 02/15/19 (Call 02/15/17)b		GBP	200		268,738
Inovyn Finance PLC
6.25%, 05/15/21 (Call 11/15/17)a		EUR	100		116,167
International Personal Finance PLC
5.75%, 04/07/21a		EUR	250		239,345
Interoute Finco PLC
7.38%, 10/15/20 (Call 10/15/17)a		EUR	200		242,416
Iron Mountain Europe PLC
6.13%, 09/15/22 (Call 09/15/17)a		GBP	200		276,421
Jaguar Land Rover Automotive PLC
3.88%, 03/01/23a		GBP	200		267,030
5.00%, 02/15/22a		GBP	300		420,347
Jerrold Finco PLC
9.75%, 09/15/18 (Call 09/15/16)a		GBP	150		207,555
Keystone Financing PLC
9.50%, 10/15/19 (Call 10/15/16)a		GBP	200		273,002
Lecta SA
6.50%, 08/01/23 (Call 08/01/19)a		EUR	100		111,406
Matalan Finance PLC
6.88%, 06/01/19 (Call 08/08/16)b		GBP	100		104,323
6.88%, 06/01/19 (Call 08/08/16)a		GBP	100		104,323
Merlin Entertainments PLC
2.75%, 03/15/22 (Call 12/15/21)a		EUR	300		335,775
Moy Park Bondco PLC
6.25%, 05/29/21 (Call 05/29/17)a		GBP	150		206,666
New Look Secured Issuer PLC
6.50%, 07/01/22 (Call 06/24/18)a		GBP	450		562,333
Odeon & UCI Finco PLC
9.00%, 08/01/18 (Call 08/08/16)a		GBP	200		274,227
Pizzaexpress Financing 2 PLC
6.63%, 08/01/21 (Call 08/01/17)a		GBP	350		454,046
Premier Foods Finance PLC
6.50%, 03/15/21 (Call 03/15/17)b		GBP	150		201,830
6.50%, 03/15/21 (Call 03/15/17)a		GBP	100		134,553
R&R Ice Cream PLC
5.50%, 05/15/20 (Call 08/29/16)a		GBP	150		203,845
Royal Bank of Scotland Group PLC VRN, (5 year EUR Swap + 2.650%)
3.63%, 03/25/24 (Call 03/25/19)a		EUR	700		774,199
Royal Bank of Scotland PLC (The)
6.93%, 04/09/18		EUR	1,300		1,579,797
Silk Bidco AS
7.50%, 02/01/22 (Call 02/01/18)a		EUR	300		354,187
Stonegate Pub Co. Financing PLC
5.75%, 04/15/19 (Call 08/29/16)a		GBP	200		268,549
Tesco Corporate Treasury Services PLC
1.25%, 11/13/17a		EUR	200		225,401
1.38%, 07/01/19a		EUR	800		898,944
2.13%, 11/12/20 (Call 08/12/20)a		EUR	300		344,855
2.50%, 07/01/24a		EUR	400		456,617
Tesco PLC
3.38%, 11/02/18a		EUR	600		709,225
6.13%, 02/24/22		GBP	600		898,236
Thomas Cook Finance PLC
6.75%, 06/15/21 (Call 01/15/18)a		EUR	200		210,231
7.75%, 06/15/20 (Call 08/29/16)a		EUR	300		330,461
Travis Perkins PLC
4.38%, 09/15/21a		GBP	200		262,760
TVL Finance PLC
8.50%, 05/15/23 (Call 05/15/19)a		GBP	200		270,121

Security	Principal (000s)			Value
Virgin Media Finance PLC
4.50%, 01/15/25 (Call 01/15/20)a		EUR	350	$	395,209
6.38%, 10/15/24 (Call 10/15/19)a		GBP	200		275,616
7.00%, 04/15/23 (Call 04/15/18)a		GBP	100		139,303
Virgin Media Secured Finance PLC
4.88%, 01/15/27 (Call 01/15/21)a		GBP	400		527,498
5.13%, 01/15/25 (Call 01/15/20)a		GBP	200		273,732
5.50%, 01/15/21		GBP	400		572,891
5.50%, 01/15/25 (Call 01/15/19)a		GBP	360		496,888
6.00%, 04/15/21 (Call 04/15/17)a		GBP	360		498,594
6.25%, 03/28/29 (Call 01/15/21)a		GBP	200		277,522
Viridian Group FundCo II Ltd.
7.50%, 03/01/20 (Call 09/01/17)a		EUR	350		409,133
Vougeot Bidco PLC
7.88%, 07/15/20 (Call 08/29/16)a		GBP	200		276,425
Worldpay Finance PLC
3.75%, 11/15/22a		EUR	350		409,528
					32,000,721
UNITED STATES — 8.71%
Avis Budget Finance PLC
6.00%, 03/01/21 (Call 08/30/16)a		EUR	300		348,570
Axalta Coating Systems U.S. Holdings Inc./Axalta Coating Systems Dutch Holding BV
5.75%, 02/01/21 (Call 08/29/16)a		EUR	100		116,302
Ball Corp.
3.50%, 12/15/20		EUR	200		246,367
4.38%, 12/15/23		EUR	450		558,973
Belden Inc.
5.50%, 04/15/23 (Call 04/15/18)a		EUR	300		352,439
BiSoho SAS
5.88%, 05/01/23 (Call 05/01/19)a		EUR	100		116,009
Casino Guichard Perrachon SA
2.33%, 02/07/25 (Call 11/07/24)a		EUR	300		348,298
3.16%, 08/06/19a		EUR	600		741,920
3.25%, 03/07/24 (Call 12/07/23)a		EUR	500		617,503
3.99%, 03/09/20		EUR	400		508,768
5.98%, 05/26/21		EUR	600		799,437
Celanese U.S. Holdings LLC
3.25%, 10/15/19		EUR	200		239,602
Chemours Co. (The)
6.13%, 05/15/23 (Call 05/15/18)		EUR	200		180,981
Crown European Holdings SA
3.38%, 05/15/25 (Call 11/15/24)a		EUR	350		401,487
4.00%, 07/15/22 (Call 04/15/22)a		EUR	450		546,581
Darling Global Finance BV
4.75%, 05/30/22 (Call 05/30/18)a		EUR	300		345,703
Gestamp Funding Luxembourg SA
3.50%, 05/15/23 (Call 05/15/19)a		EUR	300		348,612
Goodyear Dunlop Tires Europe BV
3.75%, 12/15/23 (Call 12/15/18)a		EUR	200		236,707
Hanesbrands Finance Luxembourg SCA
3.50%, 06/15/24 (Call 03/15/24)a		EUR	325		376,895
Hertz Holdings Netherlands BV
4.38%, 01/15/19a		EUR	250		292,026
Huntsman International LLC
4.25%, 04/01/25 (Call 01/01/25)		EUR	200		213,593
5.13%, 04/15/21 (Call 01/15/21)		EUR	300		352,672
IMS Health Inc.
4.13%, 04/01/23 (Call 04/01/18)a		EUR	150		172,950
Infor U.S. Inc.
5.75%, 05/15/22 (Call 05/15/18)		EUR	200		204,439

38

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

July 31, 2016

Security	Principal (000s)			Value
International Game Technology PLC
4.13%, 02/15/20 (Call 11/15/19)a		EUR	500	$	598,159
4.75%, 03/05/20a		EUR	300		365,621
4.75%, 02/15/23 (Call 08/15/22)a		EUR	550		660,996
6.63%, 02/02/18a		EUR	300		365,569
Iron Mountain Canada Operations ULC
6.13%, 08/15/21 (Call 08/15/17)		CAD	100		80,135
Kloeckner Pentaplast of America Inc.
7.13%, 11/01/20 (Call 05/01/17)a		EUR	150		176,405
MPT Operating Partnership LP/MPT Finance Corp.
4.00%, 08/19/22 (Call 05/19/22)		EUR	300		355,174
OI European Group BV
6.75%, 09/15/20a		EUR	300		401,462
PSPC Escrow Corp.
6.00%, 02/01/23 (Call 02/01/18)a		EUR	200		194,603
PVH Corp.
3.63%, 07/15/24 (Call 04/15/24)a		EUR	200		234,119
Salini Impregilo SpA
3.75%, 06/24/21a		EUR	352		409,369
Schumann SpA
7.00%, 07/31/23 (Call 07/31/19)a		EUR	100		113,071
Sealed Air Corp.
4.50%, 09/15/23 (Call 06/15/23)a		EUR	300		364,490
TA MFG. Ltd.
3.63%, 04/15/23 (Call 04/15/18)a		EUR	200		212,258
Trinseo Materials Operating SCA/Trinseo Materials Finance Inc.
6.38%, 05/01/22 (Call 01/05/18)a		EUR	300		348,783
UniCredit SpA VRN, (5 year EUR Swap + 4.316%)
4.38%, 01/03/27 (Call 01/03/22)a		EUR	400		441,710
Valeant Pharmaceuticals International Inc.
4.50%, 05/15/23 (Call 05/15/18)a		EUR	1,000		879,294
VWR Funding Inc.
4.63%, 04/15/22 (Call 04/15/18)a		EUR	300		345,836
XPO Logistics Inc.
5.75%, 06/15/21 (Call 12/15/17)a		EUR	400		439,464
					15,653,352
TOTAL CORPORATE BONDS & NOTES (Cost: $189,350,592)					176,279,348

Security	Shares (000s)		Value
SHORT-TERM INVESTMENTS — 0.00%
MONEY MARKET FUNDS — 0.00%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.28%d,e		4	$	4,389
				4,389
TOTAL SHORT-TERM INVESTMENTS (Cost: $4,389)				4,389
TOTAL INVESTMENTS IN SECURITIES — 98.14% (Cost: $189,514,418)f				176,283,737
Other Assets, Less Liabilities —1.86%				3,339,606
NET ASSETS — 100.00%			$	179,623,343

CAD	—  Canadian Dollar
EUR	—  Euro
GBP	—  British Pound
VRN	—  Variable Rate Note

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

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

^c  Issuer is in default of interest payments.

^d  Affiliated money market fund.

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

^f  The cost of investments for federal income tax purposes was $189,627,198. Net unrealized depreciation was $13,343,461,of which $2,776,682 represented gross unrealized appreciation on securities and $16,120,143 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at www.iShares.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

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

	Level 1		Level 2		Level 3			Total
Investments:
Assets:
Common stocks	$	—	$	—	$	0	a	$	0	a
Corporate bonds & notes		—		176,279,252		96			176,279,348
Money market funds		4,389		—		—			4,389
Total	$	4,389	$	176,279,252	$	96		$	176,283,737

^a  Rounds to less than $1.

39

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:         September 29, 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:         September 29, 2016

  By: /s/ Jack Gee                                                                                                      

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

  Date:         September 29, 2016