N-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS

OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-09102

iShares, Inc.

(Exact name of Registrant as specified in charter)

c/o: State Street Bank and Trust Company

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, 2017

Date of reporting period: January 31, 2017

Item 1.

Schedules of Investments.

Schedule of Investments (Unaudited)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)		Value
CORPORATE BONDS & NOTES^a — 92.83%

ARGENTINA — 0.83%
YPF SA
8.50%, 03/23/21^b	$	200	$	216,750
8.50%, 07/28/25^b		125		131,539
8.75%, 04/04/24^b		180		194,436
8.88%, 12/19/18^b		35		38,423

				581,148
AZERBAIJAN — 0.59%
Southern Gas Corridor CJSC
6.88%, 03/24/26^b		200		216,124
State Oil Co. of the Azerbaijan Republic
4.75%, 03/13/23^b		200		193,070

				409,194
BRAZIL — 15.16%
Banco Bradesco SA/Cayman Islands
5.75%, 03/01/22^b		200		211,264
5.90%, 01/16/21^b		100		106,650
Banco BTG Pactual SA/Cayman Islands
4.00%, 01/16/20^b		200		194,000
Banco do Brasil SA
5.38%, 01/15/21^b		200		206,000
Banco do Brasil SA/Cayman Islands
5.88%, 01/26/22^b		200		205,800
5.88%, 01/19/23^b		200		205,840
Banco Votorantim SA
7.38%, 01/21/20^b		200		214,000
Braskem Finance Ltd.
5.38%, 05/02/22^b		200		207,250
BRF SA
3.95%, 05/22/23^b		200		193,300
Caixa Economica Federal
3.50%, 11/07/22^b		150		138,750
4.25%, 05/13/19^b		150		151,125
Centrais Eletricas Brasileiras SA
5.75%, 10/27/21^b		200		201,440
6.88%, 07/30/19^b		100		106,500
CSN Resources SA
6.50%, 07/21/20^b		100		84,088
Embraer Netherlands Finance BV
5.05%, 06/15/25		100		100,125
Fibria Overseas Finance Ltd.
5.25%, 05/12/24		50		50,575


Security	Principal (000s)		Value
Gerdau Holdings Inc.
7.00%, 01/20/20^b	$	100	$	108,750
Gerdau Trade Inc.
4.75%, 04/15/23^b		200		197,000
GTL Trade Finance Inc.
5.89%, 04/29/24 (Call 01/29/24)^b		150		151,875
Itau Unibanco Holding SA/Cayman Islands
5.13%, 05/13/23^b		200		202,000
5.65%, 03/19/22^b		200		207,500
5.75%, 01/22/21^b		100		105,320
6.20%, 04/15/20^b		300		320,160
6.20%, 12/21/21^b		200		214,000
JBS Investments GmbH
7.25%, 04/03/24 (Call 04/03/19)^b		200		209,750
7.75%, 10/28/20 (Call 10/28/17)^b		200		211,500
JBS USA LUX SA/JBS USA Finance Inc.
7.25%, 06/01/21 (Call 03/02/17)^b		100		103,300
Marfrig Holdings Europe BV
8.00%, 06/08/23 (Call 06/08/19)^b		200		210,750
Minerva Luxembourg SA
6.50%, 09/20/26 (Call 09/20/21)^b		200		198,750
Odebrecht Drilling Norbe VIII/IX Ltd.
6.35%, 06/30/22 (Call 06/30/20)^b		144		64,994
Odebrecht Finance Ltd.
4.38%, 04/25/25^b		200		86,000
Odebrecht Offshore Drilling Finance Ltd.
6.75%, 10/01/23 (Call 12/01/21)^b		168		55,519
Petrobras Global Finance BV
3.00%, 01/15/19		47		46,883
4.38%, 05/20/23		550		507,375
4.88%, 03/17/20		150		152,850
5.38%, 01/27/21		550		553,602
5.63%, 05/20/43		150		117,000
5.75%, 01/20/20		260		270,790
6.25%, 03/17/24		225		225,900
6.75%, 01/27/41		145		129,093
6.85%, 06/05/49		125		105,037
6.88%, 01/20/40		175		155,842
7.25%, 03/17/44		150		140,700
8.38%, 05/23/21		600		669,000
8.75%, 05/23/26		325		366,080
Rio Oil Finance Trust
Series 2014-1
9.25%, 07/06/24^b,c		227		223,313
Vale Overseas Ltd.
4.38%, 01/11/22^c		425		428,719
4.63%, 09/15/20^c		75		77,812


			1

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)		Value
5.88%, 06/10/21	$	200	$	214,000
6.25%, 08/10/26		100		107,500
6.88%, 11/21/36		250		259,750
6.88%, 11/10/39		200		205,750
8.25%, 01/17/34		125		145,000
Vale SA
5.63%, 09/11/42^c		75		68,573
Votorantim Cimentos SA
7.25%, 04/05/41^b		200		194,980

				10,589,424
CHILE — 4.00%
Banco del Estado de Chile
4.13%, 10/07/20^b		150		157,500
Celulosa Arauco y Constitucion SA
4.50%, 08/01/24 (Call 05/01/24)		200		201,849
4.75%, 01/11/22 (Call 10/11/21)		37		38,394
Cencosud SA
5.15%, 02/12/25 (Call 11/12/24)^b		200		205,802
5.50%, 01/20/21^b		150		161,806
Corp. Nacional del Cobre de Chile
3.00%, 07/17/22^b		200		197,259
3.75%, 11/04/20^b		100		103,771
4.25%, 07/17/42^b		200		183,281
4.50%, 09/16/25^b		400		412,613
6.15%, 10/24/36^b		100		114,618
Empresa Nacional de Telecomunicaciones SA
4.88%, 10/30/24^b		200		204,073
Empresa Nacional del Petroleo
3.75%, 08/05/26^b		200		191,000
Inversiones CMPC SA
4.75%, 09/15/24 (Call 06/15/24)^b		200		204,750
Itau CorpBanca
3.88%, 09/22/19^b		200		205,979
VTR Finance BV
6.88%, 01/15/24 (Call 01/15/19)^b		200		210,000

				2,792,695
CHINA — 11.32%
Agile Group Holdings Ltd.
9.00%, 05/21/20 (Call 05/21/18)^b		200		215,981
Alibaba Group Holding Ltd.
2.50%, 11/28/19 (Call 10/28/19)		200		201,021
3.13%, 11/28/21 (Call 09/28/21)		400		401,814
3.60%, 11/28/24 (Call 08/28/24)^c		200		198,837
Amber Circle Funding Ltd.
3.25%, 12/04/22^b		200		201,492


Security	Principal (000s)		Value
Azure Nova International Finance Ltd.
2.63%, 11/01/21^b	$	200	$	194,477
Baidu Inc.
2.75%, 06/09/19		200		202,297
4.13%, 06/30/25		200		204,079
Bank of China Ltd./Hong Kong
3.88%, 06/30/25^b		200		202,742
Bank of Communications Co. Ltd.
VRN, (5 year CMT + 2.850%)
4.50%, 10/03/24 (Call 10/03/19)^b		200		205,626
China Development Bank Corp.
2.50%, 10/09/20^b		200		199,499
China Overseas Finance II Ltd.
5.50%, 11/10/20^b		100		108,288
China Shenhua Overseas Capital Co. Ltd.
3.88%, 01/20/25^b		200		201,115
CITIC Ltd.
6.63%, 04/15/21^b		100		112,912
CNOOC Finance 2012 Ltd.
5.00%, 05/02/42^b		200		210,525
CNOOC Finance 2015 Australia Pty Ltd.
2.63%, 05/05/20		200		199,243
CNPC General Capital Ltd.
3.40%, 04/16/23^b		200		199,914
COSCO Finance 2011 Ltd.
4.00%, 12/03/22^b		200		206,840
Country Garden Holdings Co. Ltd.
7.25%, 04/04/21 (Call 10/04/17)^b		200		210,269
7.50%, 03/09/20 (Call 03/09/18)^b		200		212,520
Evergrande Real Estate Group Ltd.
8.75%, 10/30/18 (Call 03/02/17)^b		200		206,440
Huarong Finance II Co. Ltd.
4.50%, 01/16/20^b		200		205,930
5.50%, 01/16/25^b		200		209,693
ICBCIL Finance Co. Ltd.
2.13%, 09/29/19^b		200		197,862
Industrial & Commercial Bank of China Ltd.
1.88%, 07/14/19^b		200		198,267
Industrial & Commercial Bank of China Ltd./New York
3.23%, 11/13/19		250		256,972
JD.com Inc.
3.88%, 04/29/26		200		189,887
Ping An Life Insurance Co. of China Ltd.
2.38%, 01/19/19^b		200		200,793
Shimao Property Holdings Ltd.
8.13%, 01/22/21 (Call 01/22/18)^b		200		217,040


2

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)		Value
Sino-Ocean Land Treasure Finance I Ltd.
4.63%, 07/30/19^b	$	200	$	204,440
Sino-Ocean Land Treasure Finance II Ltd.
5.95%, 02/04/27^b		200		205,161
Sinochem Overseas Capital Co. Ltd.
4.50%, 11/12/20^b		100		105,329
Sinopec Group Overseas Development 2013 Ltd.
4.38%, 10/17/23^b		200		210,722
Sinopec Group Overseas Development 2016 Ltd.
3.50%, 05/03/26^b		200		194,345
State Grid Overseas Investment 2014 Ltd.
4.13%, 05/07/24^b		200		209,147
Sunshine Life Insurance Corp. Ltd.
2.50%, 04/20/19^b		200		198,306
Tencent Holdings Ltd.
2.88%, 02/11/20^b		400		402,230
3.38%, 05/02/19^b		200		204,494

				7,906,549
COLOMBIA — 2.76%
Banco de Bogota SA
5.38%, 02/19/23^b		200		206,100
Bancolombia SA
5.13%, 09/11/22		200		208,000
6.13%, 07/26/20		75		81,056
Colombia Telecomunicaciones SA ESP
5.38%, 09/27/22 (Call 09/27/17)^b		200		196,500
Ecopetrol SA
4.13%, 01/16/25		100		94,638
5.38%, 06/26/26 (Call 03/26/26)		225		225,000
5.88%, 09/18/23		200		213,500
5.88%, 05/28/45		150		132,600
7.38%, 09/18/43		100		102,620
7.63%, 07/23/19		50		55,750
Grupo Aval Ltd.
4.75%, 09/26/22^b		200		200,700
Millicom International Cellular SA
6.63%, 10/15/21 (Call 10/15/17)^b		200		209,000

				1,925,464
INDIA — 5.05%
ABJA Investment Co. Pte Ltd.
5.95%, 07/31/24^b		200		204,500
Axis Bank Ltd./Dubai
3.25%, 05/21/20^b		200		200,993
Bharat Petroleum Corp. Ltd.
4.00%, 05/08/25^b		200		198,597


Security	Principal (000s)		Value
Bharti Airtel International Netherlands BV
5.13%, 03/11/23^b	$	400	$	419,270
Export-Import Bank of India
4.00%, 01/14/23^b		200		205,192
ICICI Bank Ltd./Dubai
3.13%, 08/12/20^b		200		200,854
3.50%, 03/18/20^b		200		202,981
ICICI Bank Ltd./Hong Kong
5.75%, 11/16/20^b		100		109,855
Indian Oil Corp. Ltd.
5.75%, 08/01/23^b		200		221,729
NTPC Ltd.
4.38%, 11/26/24^b		200		203,777
ONGC Videsh Ltd.
4.63%, 07/15/24^b		200		206,728
Reliance Holdings USA Inc.
5.40%, 02/14/22^b		250		271,202
Reliance Industries Ltd.
4.13%, 01/28/25^b,c		250		251,994
State Bank of India/London
3.62%, 04/17/19^b		200		205,571
Vedanta Resources PLC
6.00%, 01/31/19^b		200		204,750
8.25%, 06/07/21^b		200		217,300

				3,525,293
INDONESIA — 2.73%
Majapahit Holding BV
7.75%, 01/20/20^b		120		134,640
7.88%, 06/29/37^b		125		152,389
8.00%, 08/07/19^b		200		224,550
Pelabuhan Indonesia II PT
4.25%, 05/05/25^b		200		194,424
Pertamina Persero PT
4.30%, 05/20/23^b		400		402,558
4.88%, 05/03/22^b		200		206,940
5.63%, 05/20/43^b		200		189,534
6.00%, 05/03/42^b		200		197,296
Perusahaan Gas Negara Persero Tbk
5.13%, 05/16/24^b		200		207,701

				1,910,032
ISRAEL — 2.41%
Israel Electric Corp. Ltd.
6.88%, 06/21/23^b		200		230,730
7.25%, 01/15/19^b,c		200		216,540
Teva Pharmaceutical Finance Netherlands III BV
2.20%, 07/21/21		300		285,813


			3

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)		Value
2.80%, 07/21/23	$	400	$	374,131
3.15%, 10/01/26		400		362,621
4.10%, 10/01/46		250		210,952

				1,680,787
JAMAICA — 0.77%
Digicel Group Ltd.
8.25%, 09/30/20 (Call 03/02/17)^b		400		354,500
Digicel Ltd.
6.00%, 04/15/21 (Call 03/02/17)^b		200		186,460

				540,960
KAZAKHSTAN — 1.55%
Development Bank of Kazakhstan JSC
4.13%, 12/10/22^b		200		194,992
Kazakhstan Temir Zholy Finance BV
6.95%, 07/10/42^b		200		202,000
Kazkommertsbank JSC
5.50%, 12/21/22 (Call 03/02/17)^b		75		65,071
KazMunayGas National Co. JSC
6.38%, 04/09/21^b		400		435,768
Tengizchevroil Finance Co. International Ltd.
4.00%, 08/15/26^b		200		187,477

				1,085,308
KUWAIT — 0.58%
Equate Petrochemical BV
4.25%, 11/03/26^b		200		196,500
Kuwait Projects Co.
5.00%, 03/15/23^b		200		209,032

				405,532
MALAYSIA — 1.77%
Malayan Banking Bhd
VRN, (5 year USD Swap + 2.542%)
3.91%, 10/29/26 (Call 10/29/21)^b		200		199,288
Petronas Capital Ltd.
3.13%, 03/18/22^b		200		200,127
3.50%, 03/18/25^b		600		603,844
5.25%, 08/12/19^b		100		107,224
7.88%, 05/22/22^b		100		122,678

				1,233,161
MEXICO — 11.67%
Alfa SAB de CV
5.25%, 03/25/24 (Call 12/25/23)^b,c		200		203,260
America Movil SAB de CV
3.13%, 07/16/22		200		196,835
5.00%, 03/30/20		100		106,374
6.13%, 03/30/40		200		226,703


Security	Principal (000s)		Value
6.38%, 03/01/35	$	200	$	231,104
Banco Inbursa SA Institucion de Banca Multiple
4.13%, 06/06/24^b		150		146,595
Banco Nacional de Comercio Exterior SNC
4.38%, 10/14/25^b		250		245,325
Banco Santander Mexico SA
4.13%, 11/09/22^b		150		150,000
BBVA Bancomer SA/Texas
4.38%, 04/10/24^b		150		150,330
6.75%, 09/30/22^b		300		326,250
Cemex Finance LLC
6.00%, 04/01/24 (Call 04/01/19)^b		200		205,500
Cemex SAB de CV
6.13%, 05/05/25 (Call 05/05/20)^b		200		206,500
7.25%, 01/15/21 (Call 01/15/18)^b		200		213,750
Coca-Cola FEMSA SAB de CV
3.88%, 11/26/23		150		153,298
4.63%, 02/15/20		100		105,610
Comision Federal de Electricidad
4.75%, 02/23/27^b		200		192,800
4.88%, 01/15/24^b		200		201,200
Fomento Economico Mexicano SAB de CV
4.38%, 05/10/43		150		141,979
Grupo Bimbo SAB de CV
4.50%, 01/25/22^b		100		104,490
4.88%, 06/27/44^b		200		183,516
Grupo Televisa SAB
5.00%, 05/13/45 (Call 11/13/44)		200		171,065
6.63%, 03/18/25		100		113,746
6.63%, 01/15/40		100		104,025
Mexichem SAB de CV
4.88%, 09/19/22^b		200		207,250
Mexico City Airport Trust
4.25%, 10/31/26 (Call 07/31/26)^b		200		195,660
Petroleos Mexicanos
3.50%, 07/18/18		100		100,970
3.50%, 07/23/20		100		99,125
3.50%, 01/30/23		75		69,092
4.25%, 01/15/25		225		207,000
4.50%, 01/23/26		150		136,425
4.63%, 09/21/23		100		97,500
4.88%, 01/24/22		175		175,665
4.88%, 01/18/24		40		38,600
5.50%, 02/04/19^c		100		104,760
5.50%, 01/21/21		175		181,965
5.50%, 06/27/44		110		90,223
5.63%, 01/23/46		175		145,994


4

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)		Value
5.75%, 03/01/18	$	50	$	51,800
6.38%, 02/04/21		100		106,917
6.38%, 01/23/45		200		179,000
6.50%, 06/02/41		240		223,080
6.63%, 06/15/35		125		122,275
6.63%, 06/15/38		25		24,094
6.75%, 09/21/47		225		212,332
6.88%, 08/04/26		350		370,580
8.00%, 05/03/19		60		66,105
Sigma Alimentos SA de CV
4.13%, 05/02/26 (Call 02/02/26)^b		200		188,100
Southern Copper Corp.
5.25%, 11/08/42		100		94,854
5.88%, 04/23/45		150		152,865
7.50%, 07/27/35		200		238,184
Trust F/1401
5.25%, 01/30/26 (Call 10/30/25)^b		200		189,000

				8,149,670
MOROCCO — 0.57%
OCP SA
4.50%, 10/22/25^b		200		191,700
5.63%, 04/25/24^b		200		207,658

				399,358
OMAN — 0.26%
Lamar Funding Ltd.
3.96%, 05/07/25^b		200		183,000

				183,000
PANAMA — 0.28%
Global Bank Corp.
4.50%, 10/20/21^b		200		195,184

				195,184
PERU — 0.92%
Banco de Credito del Peru/Panama
5.38%, 09/16/20^b		100		108,708
Corp. Financiera de Desarrollo SA
4.75%, 07/15/25^b		200		210,440
Lima Metro Line 2 Finance Ltd.
5.88%, 07/05/34^b		200		212,250
Southern Copper Corp.
6.75%, 04/16/40		100		109,843

				641,241
PHILIPPINES — 0.18%
Power Sector Assets & Liabilities Management Corp.
7.39%, 12/02/24^b		100		127,216

				127,216


Security	Principal (000s)		Value
QATAR — 2.63%
CBQ Finance Ltd.
3.25%, 06/13/21^b	$	200	$	198,737
7.50%, 11/18/19^b		100		111,678
Ooredoo International Finance Ltd.
3.25%, 02/21/23^b		200		197,412
5.00%, 10/19/25^b		400		434,000
Qatari Diar Finance QSC
5.00%, 07/21/20^b		200		215,500
QNB Finance Ltd.
2.13%, 09/07/21^b		200		190,758
2.88%, 04/29/20^b		200		200,532
Ras Laffan Liquefied Natural Gas Co. Ltd. III
6.33%, 09/30/27^b		250		288,750

				1,837,367
RUSSIA — 9.16%
AK Transneft OJSC Via TransCapitalInvest Ltd.
8.70%, 08/07/18^b		100		109,250
Alfa Bank AO Via Alfa Bond Issuance PLC
7.75%, 04/28/21^b		200		226,301
ALROSA Finance SA
7.75%, 11/03/20^b		200		226,500
Credit Bank of Moscow Via CBOM Finance PLC
5.88%, 11/07/21^b		200		199,650
Evraz Group SA
6.50%, 04/22/20^b		200		212,250
8.25%, 01/28/21^b		200		224,152
Gazprom Neft OAO Via GPN Capital SA
6.00%, 11/27/23^b		200		214,000
Gazprom OAO Via Gaz Capital SA
3.85%, 02/06/20^b		200		203,820
4.95%, 07/19/22^b		200		205,881
4.95%, 02/06/28^b		400		391,144
6.51%, 03/07/22^b		100		109,750
7.29%, 08/16/37^b		100		114,850
8.63%, 04/28/34^b		50		64,375
9.25%, 04/23/19^b		100		113,442
Gazprombank OJSC Via GPB Eurobond Finance PLC
4.96%, 09/05/19^b		200		208,328
Lukoil International Finance BV
4.56%, 04/24/23^b		200		201,540
6.13%, 11/09/20^b		200		217,032
6.66%, 06/07/22^b		120		133,500
7.25%, 11/05/19^b		100		110,670
Metalloinvest Finance DAC
5.63%, 04/17/20^b		200		209,500


			5

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)		Value
MMC Norilsk Nickel OJSC via MMC Finance DAC
5.55%, 10/28/20^b	$	200	$	212,850
Novolipetsk Steel via Steel Funding DAC
4.50%, 06/15/23^b		200		199,990
Polyus Gold International Ltd.
5.63%, 04/29/20^b		200		209,000
Rosneft Finance SA
7.25%, 02/02/20^b		100		110,039
Russian Railways via RZD Capital PLC
3.45%, 10/06/20^b		200		199,000
Sberbank of Russia Via SB Capital SA
6.13%, 02/07/22^b		200		217,540
VRN, (5 year CMT + 4.023%)
5.50%, 02/26/24 (Call 02/26/19)^b		200		204,000
Severstal OAO Via Steel Capital SA
5.90%, 10/17/22^b		200		216,344
VimpelCom Holdings BV
5.95%, 02/13/23^b		200		209,240
7.50%, 03/01/22^b		200		223,202
Vnesheconombank Via VEB Finance PLC
6.80%, 11/22/25^b		100		109,750
6.90%, 07/09/20^b		300		326,250
VTB Bank OJSC Via VTB Capital SA
6.55%, 10/13/20^b		100		109,000
6.88%, 05/29/18^b		150		157,255

				6,399,395
SOUTH AFRICA — 1.86%
AngloGold Ashanti Holdings PLC
5.13%, 08/01/22		100		103,475
Eskom Holdings SOC Ltd.
5.75%, 01/26/21^b		200		199,258
6.75%, 08/06/23^b		200		202,048
MTN Mauritius Investment Ltd.
4.76%, 11/11/24^b		200		188,250
Myriad International Holdings BV
6.00%, 07/18/20^b		200		216,168
Sasol Financing International Ltd.
4.50%, 11/14/22		200		199,604
Transnet SOC Ltd.
4.00%, 07/26/22^b		200		193,045

				1,301,848


Security	Principal (000s)		Value
SOUTH KOREA — 4.93%
Hyundai Capital America
2.00%, 07/01/19^b	$	100	$	99,045
2.45%, 06/15/21^b		100		97,464
2.50%, 03/18/19^b		100		100,212
2.55%, 02/06/19^b		100		100,469
2.88%, 08/09/18^b		150		151,805
3.00%, 10/30/20^b		100		100,376
Kookmin Bank
2.13%, 10/21/20^b		200		196,502
Korea Development Bank (The)
2.00%, 09/12/26		200		179,168
2.50%, 03/11/20		200		199,372
2.50%, 01/13/21		200		198,467
3.75%, 01/22/24		200		206,558
Korea Gas Corp.
3.50%, 07/21/25^b		200		202,026
3.88%, 02/12/24^b		200		207,946
4.25%, 11/02/20^b		100		105,870
Korea Hydro & Nuclear Power Co. Ltd.
3.00%, 09/19/22^b		200		200,926
Korea National Oil Corp.
2.13%, 04/14/21^b		200		193,974
3.25%, 10/01/25^b		200		198,638
POSCO
4.25%, 10/28/20^b		100		104,413
Shinhan Bank
2.25%, 04/15/20^b		200		197,598
Woori Bank
2.63%, 07/20/21^b		200		197,549
VRN, (5 year CMT + 3.328%)
5.00%, 06/10/45 (Call 06/10/20)^b		200		201,800

				3,440,178
TAIWAN — 0.27%
Formosa Group Cayman Ltd.
3.38%, 04/22/25^b		200		192,049

				192,049
THAILAND — 1.34%
Bangkok Bank PCL/Hong Kong
4.80%, 10/18/20^b		100		106,876
5.00%, 10/03/23^b		200		217,359
PTT Global Chemical PCL
4.25%, 09/19/22^b		200		208,301


6

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)		Value
PTT PCL
3.38%, 10/25/22^b	$	200	$	201,616
Thai Oil PCL
3.63%, 01/23/23^b		200		201,293

				935,445
TRINIDAD AND TOBAGO — 0.29%
Consolidated Energy Finance SA
6.75%, 10/15/19 (Call 03/02/17)^b		200		200,500

				200,500
TURKEY — 3.24%
Akbank TAS
5.00%, 10/24/22^b		150		142,925
KOC Holding AS
3.50%, 04/24/20^b		200		197,500
TC Ziraat Bankasi AS
4.75%, 04/29/21^b		200		191,556
Turk Telekomunikasyon AS
4.88%, 06/19/24^b		200		186,000
Turkiye Garanti Bankasi AS
6.25%, 04/20/21^b		200		205,079
Turkiye Halk Bankasi AS
4.75%, 02/11/21^b		200		187,532
Turkiye Is Bankasi
5.00%, 04/30/20^b		400		391,604
5.38%, 10/06/21^b		200		192,370
Turkiye Vakiflar Bankasi TAO VRN, (5 year USD Swap + 5.439%)
6.88%, 02/03/25 (Call 02/03/20)^b		200		191,925
Yapi ve Kredi Bankasi AS
4.00%, 01/22/20^b		200		190,500
5.50%, 12/06/22^b		200		185,920

				2,262,911
UNITED ARAB EMIRATES — 3.73%
Abu Dhabi National Energy Co.
6.50%, 10/27/36^b		100		121,201
7.25%, 08/01/18^b		100		107,362
Abu Dhabi National Energy Co. PJSC
3.63%, 01/12/23^b		200		201,250
4.38%, 06/22/26^b		200		203,958
ADCB Finance Cayman Ltd.
2.50%, 03/06/18^b		200		200,536
4.50%, 03/06/23^b		200		204,799


Security	Principal (000s)		Value
Dolphin Energy Ltd.
5.50%, 12/15/21^b	$	200	$	220,512
DP World Ltd.
6.85%, 07/02/37^b		200		220,608
Dubai Electricity & Water Authority
7.38%, 10/21/20^b		100		115,166
Emirates NBD PJSC
3.25%, 11/19/19^b		200		202,928
Emirates Telecommunications Group Co. PJSC
2.38%, 06/18/19^b		200		199,750
First Gulf Bank PJSC
3.25%, 01/14/19^b		200		202,874
MAF Global Securities Ltd.
4.75%, 05/07/24^b		200		208,952
National Bank of Abu Dhabi PJSC
2.25%, 02/11/20^b		200		198,000

				2,607,896
VENEZUELA — 1.98%
Petroleos de Venezuela SA
5.38%, 04/12/27^b		260		98,150
5.50%, 04/12/37^b		150		57,000
6.00%, 05/16/24^b		530		213,855
6.00%, 11/15/26^b		445		168,944
8.50%, 10/27/20^b		300		232,500
9.00%, 11/17/21^b		235		133,950
9.75%, 05/17/35^b		430		217,064
12.75%, 02/17/22^b		390		258,375

				1,379,838
TOTAL CORPORATE BONDS & NOTES
(Cost: $64,740,223)				64,838,643

FOREIGN GOVERNMENT OBLIGATIONS^a — 4.27%

BRAZIL — 0.59%
Banco Nacional de Desenvolvimento Economico e Social
4.00%, 04/14/19^b		200		202,630
5.50%, 07/12/20^b		100		105,261
6.50%, 06/10/19^b		100		106,800

				414,691
CHINA — 0.28%
Export-Import Bank of China (The)
2.00%, 04/26/21^b		200		193,940

				193,940


			7

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)		Value
INDIA — 0.27%
Export-Import Bank of India
3.38%, 08/05/26^b	$	200	$	188,587

				188,587
SOUTH KOREA — 2.45%
Export-Import Bank of Korea
1.75%, 05/26/19		200		199,949
2.88%, 01/21/25		200		194,520
3.25%, 08/12/26		200		199,735
4.00%, 01/29/21		100		104,731
4.38%, 09/15/21		200		214,079
5.00%, 04/11/22		200		220,566
5.13%, 06/29/20		300		326,599
Korea Housing Finance Corp.
2.50%, 11/15/20^b		250		248,700

				1,708,879
TURKEY — 0.29%
Turkey Government International Bond
5.88%, 04/24/19^b		200		204,928

				204,928
UNITED ARAB EMIRATES — 0.39%
International Petroleum Investment Co.
5.00%, 11/15/20^b		250		269,687

				269,687
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $2,993,520)				2,980,712


Security	Shares (000s)		Value
SHORT-TERM INVESTMENTS — 4.42%

MONEY MARKET FUNDS — 4.42%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.97%^d,e,f		1,756	$	1,756,812
BlackRock Cash Funds: Treasury, SL Agency Shares
0.46%^d,e		1,328		1,328,305

				3,085,117

TOTAL SHORT-TERM INVESTMENTS
(Cost: $3,084,802)				3,085,117


TOTAL INVESTMENTS IN SECURITIES — 101.52%
(Cost: $70,818,545)^g				70,904,472
Other Assets, Less Liabilities — (1.52)%				(1,057,022	)

NET ASSETS — 100.00%			$	69,847,450

CMT — Constant Maturity Treasury

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 $70,840,393. Net unrealized appreciation was $64,079, of which $937,912 represented gross unrealized appreciation on securities and $873,833 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 January 31, 2017. 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	$	—	$	64,838,643	$	—	$	64,838,643
Foreign government obligations		—		2,980,712		—		2,980,712
Money market funds		3,085,117		—		—		3,085,117

Total	$	3,085,117	$	67,819,355	$	—	$	70,904,472


8

Schedule of Investments (Unaudited)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2017


Security	Principal (000s)		Value
CORPORATE BONDS & NOTES^a— 42.18%

ARGENTINA — 0.85%
YPF SA
8.50%, 03/23/21^b	$	200	$	216,750
8.50%, 07/28/25^b		285		299,908
8.75%, 04/04/24^b		578		624,355
8.88%, 12/19/18^b		187		205,289

				1,346,302

AZERBAIJAN — 0.38%
Southern Gas Corridor CJSC
6.88%, 03/24/26^b		200		216,124
State Oil Co. of the Azerbaijan Republic
4.75%, 03/13/23^b		400		386,140

				602,264

BARBADOS — 0.14%
Columbus Cable Barbados Ltd.
7.38%, 03/30/21 (Call 03/30/18)^b		200		212,500

				212,500

BRAZIL — 17.35%
Banco Bradesco SA/Cayman Islands
5.75%, 03/01/22^b		400		422,528
5.90%, 01/16/21^b		400		426,600
6.75%, 09/29/19^b		200		217,004
Banco BTG Pactual SA/Cayman Islands
4.00%, 01/16/20^b		200		194,000
5.75%, 09/28/22^b		200		188,074
Banco do Brasil SA
5.38%, 01/15/21^b		200		206,000
Banco do Brasil SA/Cayman Islands
3.88%, 10/10/22		400		380,680
5.88%, 01/26/22^b		400		411,600
5.88%, 01/19/23^b		200		205,840
6.00%, 01/22/20^b		200		212,366
Banco Votorantim SA
7.38%, 01/21/20^b		100		107,000
Braskem Finance Ltd.
5.38%, 05/02/22^b		200		207,250
5.75%, 04/15/21^b		200		211,000
6.45%, 02/03/24		200		214,060
BRF SA
3.95%, 05/22/23^b		200		193,300
4.75%, 05/22/24^b		400		395,120


Security	Principal (000s)		Value
Caixa Economica Federal
3.50%, 11/07/22^b	$	450	$	416,250
4.25%, 05/13/19^b		450		453,375
Centrais Eletricas Brasileiras SA
5.75%, 10/27/21^b		400		402,880
6.88%, 07/30/19^b		200		213,000
CSN Resources SA
6.50%, 07/21/20^b		400		336,352
Embraer Netherlands Finance BV
5.05%, 06/15/25		200		200,250
Embraer Overseas Ltd.
5.70%, 09/16/23^b		300		317,625
Fibria Overseas Finance Ltd.
5.25%, 05/12/24		200		202,300
Gerdau Trade Inc.
4.75%, 04/15/23^b		200		197,000
GTL Trade Finance Inc.
5.89%, 04/29/24 (Call 01/29/24)^b		450		455,625
7.25%, 04/16/44 (Call 10/16/43)^b		200		196,250
Itau Unibanco Holding SA/Cayman Islands
2.85%, 05/26/18^b		200		200,900
5.13%, 05/13/23^b		620		626,200
5.50%, 08/06/22^b		600		622,320
5.65%, 03/19/22^b		200		207,500
5.75%, 01/22/21^b		300		315,960
6.20%, 04/15/20^b		300		320,160
6.20%, 12/21/21^b		400		428,000
JBS Investments GmbH
7.25%, 04/03/24 (Call 04/03/19)^b		200		209,750
7.75%, 10/28/20 (Call 10/28/17)^b		200		211,500
JBS USA LUX SA/JBS USA Finance Inc.
5.75%, 06/15/25 (Call 06/15/20)^b		400		410,600
5.88%, 07/15/24 (Call 07/15/19)^b		300		309,750
7.25%, 06/01/21 (Call 03/02/17)^b		200		206,600
8.25%, 02/01/20 (Call 03/02/17)^b		100		102,500


			9

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2017


Security	Principal (000s)		Value
Marfrig Holdings Europe BV
8.00%, 06/08/23 (Call 06/08/19)^b	$	400	$	421,500
Minerva Luxembourg SA
6.50%, 09/20/26 (Call 09/20/21)^b		200		198,750
Odebrecht Drilling Norbe VIII/IX Ltd.
6.35%, 06/30/22^b		250		112,613
Odebrecht Finance Ltd.
4.38%, 04/25/25^b		200		86,000
5.25%, 06/27/29^b		200		84,500
7.13%, 06/26/42 (Call 12/26/41)^b		200		86,500
Odebrecht Offshore Drilling Finance Ltd.
6.75%, 10/01/23 (Call 12/01/21)^b		505		166,558
Petrobras Global Finance BV
4.38%, 05/20/23		650		599,625
4.88%, 03/17/20		350		356,650
5.38%, 01/27/21		1,750		1,761,462
5.63%, 05/20/43		400		312,000
5.75%, 01/20/20		450		468,675
6.13%, 01/17/22		400		412,600
6.25%, 03/17/24		400		401,600
6.75%, 01/27/41		850		756,755
6.85%, 06/05/49		650		546,195
6.88%, 01/20/40		300		267,157
7.25%, 03/17/44		200		187,600
7.38%, 01/17/27		200		207,640
8.38%, 05/23/21		2,150		2,397,250
8.75%, 05/23/26		775		872,960
Rio Oil Finance Trust
Series 2014-1
9.25%, 07/06/24^b		455		446,626
Vale Overseas Ltd.
4.38%, 01/11/22		800		807,000
4.63%, 09/15/20		300		311,250
5.63%, 09/15/19		200		213,500
5.88%, 06/10/21		300		321,000
6.25%, 08/10/26		600		645,000
6.88%, 11/21/36		750		779,250
6.88%, 11/10/39		500		514,375
8.25%, 01/17/34		100		116,000


Security	Principal (000s)		Value
Vale SA
5.63%, 09/11/42	$	400	$	365,720
Votorantim Cimentos SA
7.25%, 04/05/41^b		400		389,960

				27,369,340
CHILE — 0.13%
VTR Finance BV
6.88%, 01/15/24 (Call 01/15/19)^b		200		210,000

				210,000
CHINA — 2.01%
Agile Group Holdings Ltd.
8.38%, 02/18/19 (Call 03/02/17)^b		200		208,499
Country Garden Holdings Co. Ltd.
7.25%, 04/04/21 (Call 10/04/17)^b		500		525,672
7.50%, 03/09/20 (Call 03/09/18)^b		200		212,520
7.50%, 01/10/23 (Call 01/10/18)^b		200		210,371
Evergrande Real Estate Group Ltd.
8.75%, 10/30/18 (Call 03/02/17)^b		500		516,100
12.00%, 02/17/20 (Call 02/17/18)^b		200		223,324
Fantasia Holdings Group Co. Ltd.
7.38%, 10/04/21 (Call 10/04/19)^b		200		203,053
Greenland Global Investment Ltd.
5.88%, 07/03/24^b		400		402,984
Shimao Property Holdings Ltd.
8.13%, 01/22/21 (Call 01/22/18)^b		200		217,040
8.38%, 02/10/22 (Call 02/10/19)^b		400		447,877

				3,167,440
COLOMBIA — 1.50%
Banco Davivienda SA
5.88%, 07/09/22^b		200		212,250
Banco de Bogota SA
5.38%, 02/19/23^b		200		206,100
6.25%, 05/12/26^b		700		727,300


10

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2017


Security	Principal (000s)		Value
Bancolombia SA
5.13%, 09/11/22	$	400	$	416,000
Colombia Telecomunicaciones SA ESP
5.38%, 09/27/22 (Call 09/27/17)^b		200		196,500
Grupo Aval Ltd.
4.75%, 09/26/22^b		200		200,700
Millicom International Cellular SA
6.00%, 03/15/25 (Call 03/15/20)^b		200		203,642
6.63%, 10/15/21 (Call 10/15/17)^b		200		209,000

				2,371,492
INDIA — 1.19%
ABJA Investment Co. Pte Ltd.
4.85%, 01/31/20^b		200		204,878
5.95%, 07/31/24^b		200		204,500
Bank of India/London
6.25%, 02/16/21^b		400		435,857
IDBI Bank Ltd.
3.75%, 01/25/19^b		200		202,508
Vedanta Resources PLC
6.00%, 01/31/19^b		400		409,500
7.13%, 05/31/23^b		200		204,250
8.25%, 06/07/21^b		200		217,300

				1,878,793
INDONESIA — 2.70%
Majapahit Holding BV
7.75%, 01/20/20^b		100		112,200
7.88%, 06/29/37^b		300		365,733
8.00%, 08/07/19^b		250		280,687
Pelabuhan Indonesia II PT
5.38%, 05/05/45^b		200		184,500
Pertamina Persero PT
4.30%, 05/20/23^b		600		603,838
4.88%, 05/03/22^b		200		206,940
5.25%, 05/23/21^b		200		211,499
5.63%, 05/20/43^b		600		568,603
6.00%, 05/03/42^b		200		197,296
6.45%, 05/30/44^b		400		418,146
Perusahaan Gas Negara Persero Tbk
5.13%, 05/16/24^b		650		675,028
Perusahaan Listrik Negara PT
5.50%, 11/22/21^b		400		431,152

				4,255,622


Security	Principal (000s)		Value
JAMAICA — 0.91%
Digicel Group Ltd.
7.13%, 04/01/22 (Call 04/01/17)^b	$	200	$	159,912
8.25%, 09/30/20 (Call 03/02/17)^b		800		709,000
Digicel Ltd.
6.00%, 04/15/21 (Call 03/02/17)^b		400		372,920
6.75%, 03/01/23 (Call 03/01/18)^b		200		185,875

				1,427,707
KAZAKHSTAN — 1.30%
Halyk Savings Bank of Kazakhstan JSC
7.25%, 01/28/21^b		600		642,120
Kazakhstan Temir Zholy Finance BV
6.95%, 07/10/42^b		200		202,000
Kazkommertsbank JSC
5.50%, 12/21/22 (Call 03/02/17)^b		150		130,143
KazMunaiGaz Finance Sub BV
9.13%, 07/02/18^b		160		173,440
KazMunayGas National Co. JSC
5.75%, 04/30/43^b		200		195,300
6.38%, 04/09/21^b		400		435,768
7.00%, 05/05/20^b		250		274,647

				2,053,418
MEXICO — 1.42%
BBVA Bancomer SA/Texas
7.25%, 04/22/20^b		200		217,500
Cemex Finance LLC
6.00%, 04/01/24 (Call 04/01/19)^b		400		411,000
9.38%, 10/12/22 (Call 10/12/17)^b		300		326,610
Cemex SAB de CV
5.70%, 01/11/25 (Call 01/11/20)^b		200		202,300
6.13%, 05/05/25 (Call 05/05/20)^b		200		206,500
7.25%, 01/15/21 (Call 01/15/18)^b		400		427,500
7.75%, 04/16/26 (Call 04/16/21)^b		400		444,500

				2,235,910


			11

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2017


Security	Principal (000s)		Value
RUSSIA — 4.24%
Alfa Bank AO Via Alfa Bond Issuance PLC
5.00%, 11/27/18^b	$	200	$	206,574
7.50%, 09/26/19^b		200		217,500
7.75%, 04/28/21^b		300		339,451
ALROSA Finance SA
7.75%, 11/03/20^b		400		453,000
Credit Bank of Moscow Via CBOM Finance PLC
5.88%, 11/07/21^b		200		199,650
Evraz Group SA
6.50%, 04/22/20^b		200		212,250
6.75%, 01/31/22^b		400		429,000
8.25%, 01/28/21^b		200		224,152
Gazprombank OAO Via GPB Eurobond Finance PLC
VRN, (5 year CMT + 6.024%)
7.50%, 12/28/23 (Call 12/28/18)^b		200		210,340
Metalloinvest Finance DAC
5.63%, 04/17/20^b		400		419,000
MMC Norilsk Nickel OJSC via MMC Finance DAC
5.55%, 10/28/20^b		200		212,850
6.63%, 10/14/22^b		200		223,152
Novolipetsk Steel via Steel Funding DAC
4.50%, 06/15/23^b		200		199,990
Polyus Gold International Ltd.
4.70%, 03/28/22^b		200		197,000
5.63%, 04/29/20^b		200		209,000
Russian Agricultural Bank OJSC Via RSHB Capital SA
5.10%, 07/25/18^b		200		204,880
Russian Railways via RZD Capital PLC
3.45%, 10/06/20^b		200		199,000
Sberbank of Russia Via SB Capital SA
5.13%, 10/29/22^b		400		407,951
Severstal OAO Via Steel Capital SA
5.90%, 10/17/22^b		400		432,688
Vimpel Communications Via VIP Finance Ireland Ltd. OJSC
7.75%, 02/02/21^b		200		223,500


Security	Principal (000s)		Value
VimpelCom Holdings BV
5.20%, 02/13/19^b	$	400	$	413,480
5.95%, 02/13/23^b		400		418,480
7.50%, 03/01/22^b		200		223,202
VTB Bank OJSC Via VTB Capital SA
6.95%, 10/17/22^b		200		216,500

				6,692,590
SOUTH AFRICA — 1.51%
AngloGold Ashanti Holdings PLC
5.13%, 08/01/22		200		206,950
Eskom Holdings SOC Ltd.
5.75%, 01/26/21^b		600		597,774
6.75%, 08/06/23^b		200		202,048
7.13%, 02/11/25^b		360		363,750
Gold Fields Orogen Holding BVI Ltd.
4.88%, 10/07/20^b		200		201,000
MTN Mauritius Investment Ltd.
4.76%, 11/11/24^b		200		188,250
Myriad International Holdings BV
5.50%, 07/21/25 (Call 04/21/25)^b		400		407,864
6.00%, 07/18/20^b		200		216,168

				2,383,804
SOUTH KOREA — 0.52%
Woori Bank
4.75%, 04/30/24^b		600		612,472
VRN, (5 year CMT + 3.328%)
5.00%, 06/10/45 (Call 06/10/20)^b		200		201,800

				814,272
SRI LANKA — 0.14%
National Savings Bank
8.88%, 09/18/18^b		200		213,100

				213,100
THAILAND — 0.26%
Krung Thai Bank PCL/Cayman Islands
VRN, (5 year CMT + 3.535%)
5.20%, 12/26/24 (Call 12/26/19)^b		400		415,237

				415,237
TRINIDAD AND TOBAGO — 0.33%
Consolidated Energy Finance SA
6.75%, 10/15/19 (Call 03/02/17)^b		200		200,500


12

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2017


Security	Principal (000s)		Value
Petroleum Co. of Trinidad & Tobago Ltd.
9.75%, 08/14/19^b	$	300	$	316,500

				517,000
TURKEY — 3.16%
Akbank TAS
4.00%, 01/24/20^b		200		194,963
5.00%, 10/24/22^b		150		142,925
5.13%, 03/31/25^b		200		182,480
TC Ziraat Bankasi AS
4.25%, 07/03/19^b		200		197,524
Turkiye Garanti Bankasi AS
4.75%, 10/17/19^b		200		199,376
5.25%, 09/13/22^b		200		194,574
6.25%, 04/20/21^b		200		205,079
Turkiye Halk Bankasi AS
3.88%, 02/05/20^b		200		188,934
4.75%, 06/04/19^b		200		197,606
4.75%, 02/11/21^b		200		187,532
5.00%, 07/13/21^b		200		187,503
Turkiye Is Bankasi
3.75%, 10/10/18^b		200		198,000
5.00%, 04/30/20^b		200		195,802
5.00%, 06/25/21^b		200		190,761
5.38%, 10/06/21^b		200		192,370
5.50%, 04/21/19^b		200		202,268
6.00%, 10/24/22^b		200		191,500
Turkiye Is Bankasi AS
5.50%, 04/21/22^b		400		383,000
Turkiye Vakiflar Bankasi TAO
5.50%, 10/27/21^b		200		191,000
6.00%, 11/01/22^b		200		187,580
VRN, (5 year USD Swap + 5.439%)
6.88%, 02/03/25 (Call 02/03/20)^b		200		191,925
Yapi ve Kredi Bankasi AS
5.13%, 10/22/19^b		400		396,000
5.25%, 12/03/18^b		200		201,500
5.50%, 12/06/22^b		200		185,920

				4,986,122
UKRAINE — 0.00%
Metinvest BV
8.75%, 02/14/18^b		2		1,467

				1,467


Security	Principal (000s)		Value
UNITED KINGDOM — 0.13%
Sable International Finance Ltd.
6.88%, 08/01/22 (Call 08/01/18)^b	$	200	$	209,876

				209,876
VENEZUELA — 2.01%
Petroleos de Venezuela SA
5.38%, 04/12/27^b		870		328,425
5.50%, 04/12/37^b		295		112,100
6.00%, 05/16/24^b		1,170		472,095
6.00%, 11/15/26^b		1,050		398,633
8.50%, 10/27/20^b		750		581,250
9.00%, 11/17/21^b		745		424,650
9.75%, 05/17/35^b		680		343,264
12.75%, 02/17/22^b		775		513,437

				3,173,854
TOTAL CORPORATE BONDS & NOTES
(Cost: $65,764,127)				66,538,110

FOREIGN GOVERNMENT OBLIGATIONS^a — 53.44%

ARGENTINA — 4.51%
Argentine Republic Government International Bond
2.50%, 12/31/38^c		644		396,704
2.50%, 12/31/38^c		485		298,760
6.25%, 04/22/19^b		750		792,375
6.63%, 07/06/28^b		150		144,150
6.88%, 04/22/21^b		1,050		1,116,675
7.13%, 07/06/36^b		500		470,500
7.50%, 04/22/26^b		1,650		1,722,600
7.63%, 04/22/46^b		750		741,375
8.28%, 12/31/33		477		504,103
8.28%, 12/31/33		182		186,366
8.28%, 12/31/33		700		739,845

				7,113,453
AZERBAIJAN — 0.13%
State Oil Co. of the Azerbaijan Republic
6.95%, 03/18/30^b		200		210,800

				210,800


			13

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2017


Security	Principal (000s)		Value
BAHRAIN — 1.53%
Bahrain Government International Bond
5.50%, 03/31/20^b	$	200	$	209,332
5.88%, 01/26/21^b		450		469,615
6.00%, 09/19/44^b		200		167,856
6.13%, 07/05/22^b		200		209,428
6.13%, 08/01/23^b		400		417,144
7.00%, 01/26/26^b		500		525,000
7.00%, 10/12/28^b		400		409,982

				2,408,357
BRAZIL — 5.37%
Banco Nacional de Desenvolvimento Economico e Social
4.00%, 04/14/19^b		400		405,260
5.50%, 07/12/20^b		200		210,522
5.75%, 09/26/23^b		300		310,500
6.50%, 06/10/19^b		200		213,600
Brazilian Government International Bond
2.63%, 01/05/23		1,000		910,000
4.25%, 01/07/25		900		873,000
4.88%, 01/22/21		780		811,980
5.00%, 01/27/45		900		769,500
5.63%, 01/07/41		650		607,750
5.63%, 02/21/47		200		186,000
5.88%, 01/15/19		400		429,000
6.00%, 04/07/26		500		535,750
7.13%, 01/20/37		750		823,125
8.25%, 01/20/34		200		240,000
8.25%, 01/20/34		150		180,000
8.75%, 02/04/25		100		124,500
8.88%, 10/14/19		300		349,500
8.88%, 04/15/24		150		186,000
10.13%, 05/15/27		225		311,062

				8,477,049
COSTA RICA — 0.72%
Costa Rica Government International Bond
4.25%, 01/26/23^b		200		189,500
4.38%, 04/30/25^b		400		367,000
7.00%, 04/04/44^b		200		192,442
7.16%, 03/12/45^b		400		389,112

				1,138,054


Security	Principal (000s)		Value
CROATIA — 1.58%
Croatia Government International Bond
5.50%, 04/04/23^b	$	600	$	638,130
6.00%, 01/26/24^b		600		656,652
6.38%, 03/24/21^b		400		437,500
6.63%, 07/14/20^b		500		546,835
6.75%, 11/05/19^b		200		217,700

				2,496,817
DOMINICAN REPUBLIC — 1.74%
Dominican Republic International Bond
5.50%, 01/27/25^b		300		297,891
5.88%, 04/18/24^b		300		307,704
6.60%, 01/28/24^b		100		107,000
6.85%, 01/27/45^b		490		481,827
6.88%, 01/29/26^b		700		746,935
7.45%, 04/30/44^b		450		474,750
7.50%, 05/06/21^b		300		330,000

				2,746,107
ECUADOR — 1.11%
Ecuador Government International Bond
7.95%, 06/20/24^b	$	665	$	658,350
9.65%, 12/13/26^b		200		211,000
10.50%, 03/24/20^b		400		437,000
10.75%, 03/28/22^b		400		449,000

				1,755,350
EGYPT — 0.52%
Egypt Government International Bond
5.75%, 04/29/20^b		360		367,200
5.88%, 06/11/25^b		400		368,260
6.88%, 04/30/40^b		100		88,710

				824,170
EL SALVADOR — 0.94%
El Salvador Government International Bond
5.88%, 01/30/25^b		250		218,255
6.38%, 01/18/27^b		300		263,250
7.38%, 12/01/19^b		250		250,625
7.63%, 02/01/41^b		150		130,736
7.65%, 06/15/35^b		130		114,257
7.65%, 06/15/35^b		150		131,835
7.75%, 01/24/23^b		175		174,562
8.25%, 04/10/32^b		200		192,000

				1,475,520


14

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2017


Security	Principal (000s)		Value
GHANA — 0.91%
Ghana Government International Bond
7.88%, 08/07/23^b	$	400	$	390,520
8.13%, 01/18/26^b		400		390,324
9.25%, 09/15/22^b		400		422,592
10.75%, 10/14/30^b		200		235,700

				1,439,136
GUATEMALA — 0.32%
Guatemala Government Bond
4.50%, 05/03/26^b		200		193,280
4.88%, 02/13/28^b		100		97,985
5.75%, 06/06/22^b		200		214,396

				505,661
INDONESIA — 5.90%
Indonesia Government International Bond
3.38%, 04/15/23^b		400		393,338
3.75%, 04/25/22^b		300		304,098
4.13%, 01/15/25^b		400		402,312
4.35%, 01/08/27^b		400		406,120
4.63%, 04/15/43^b		400		392,493
4.75%, 01/08/26^b		800		837,561
4.88%, 05/05/21^b		1,092		1,162,230
5.13%, 01/15/45^b		400		401,621
5.25%, 01/17/42^b		800		819,025
5.25%, 01/08/47^b		400		409,601
5.38%, 10/17/23^b		200		218,497
5.88%, 03/13/20^b		496		543,097
5.88%, 01/15/24^b		200		223,164
5.95%, 01/08/46^b		200		225,210
6.63%, 02/17/37^b		240		283,318
6.75%, 01/15/44^b		600		740,662
7.75%, 01/17/38^b		450		596,362
8.50%, 10/12/35^b		200		277,626
8.50%, 10/12/35^b		100		138,813
11.63%, 03/04/19^b		450		538,036

				9,313,184
IVORY COAST — 0.36%
Ivory Coast Government International Bond
5.38%, 07/23/24^b		400		378,460
6.38%, 03/03/28^b		200		194,584

				573,044


Security	Principal (000s)		Value
JAMAICA — 0.74%
Jamaica Government International Bond
6.75%, 04/28/28	$	200	$	221,214
7.63%, 07/09/25		200		230,904
7.88%, 07/28/45		200		222,094
8.00%, 03/15/39		443		496,173

				1,170,385
JORDAN — 0.25%
Jordan Government International Bond
5.75%, 01/31/27^b		200		190,628
6.13%, 01/29/26^b		200		200,708

				391,336
LEBANON — 3.78%
Lebanese Republic
6.85%, 05/25/29		100		98,520
Lebanon Government International Bond
5.15%, 11/12/18^b		150		150,108
5.45%, 11/28/19^b		300		298,392
5.50%, 04/23/19		200		201,040
5.80%, 04/14/20^b		100		99,414
6.00%, 05/20/19^b		300		302,928
6.00%, 01/27/23^b		300		296,310
6.10%, 10/04/22^b		500		494,840
6.15%, 06/19/20		100		100,500
6.20%, 02/26/25^b		300		290,808
6.25%, 05/27/22		300		299,004
6.25%, 11/04/24^b		125		122,350
6.38%, 03/09/20		200		203,208
6.60%, 11/27/26^b		300		294,000
6.65%, 04/22/24^b		840		841,613
6.65%, 11/03/28^b		250		243,790
6.65%, 02/26/30^b		500		486,320
6.75%, 11/29/27^b		450		445,176
7.05%, 11/02/35^b		100		99,000
8.25%, 04/12/21^b		150		162,083
8.25%, 04/12/21^b		400		432,222

				5,961,626
MOROCCO — 0.39%
Morocco Government International Bond
4.25%, 12/11/22^b		400		410,600
5.50%, 12/11/42^b		200		209,134

				619,734


			15

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2017


Security	Principal (000s)		Value
NIGERIA — 0.25%
Nigeria Government International Bond
5.13%, 07/12/18^b	$	200	$	202,128
6.38%, 07/12/23^b		200		195,260

				397,388
PAKISTAN — 0.59%
Pakistan Government International Bond
7.25%, 04/15/19^b		400		427,851
8.25%, 04/15/24^b		450		498,947

				926,798
RUSSIA — 5.93%
Russian Foreign Bond-Eurobond
3.50%, 01/16/19^b		400		408,600
4.50%, 04/04/22^b		1,000		1,043,870
4.88%, 09/16/23^b		600		635,460
5.00%, 04/29/20^b		700		747,250
5.63%, 04/04/42^b		600		650,148
5.88%, 09/16/43^b		400		449,000
7.50%, 03/31/30^b,c		3,118		3,739,626
11.00%, 07/24/18^b		500		567,015
12.75%, 06/24/28^b		650		1,116,050

				9,357,019
SENEGAL — 0.14%
Senegal Government International Bond
8.75%, 05/13/21^b		200		221,144

				221,144
SERBIA — 1.02%
Serbia International Bond
4.88%, 02/25/20^b		700		718,375
5.88%, 12/03/18^b		200		209,750
7.25%, 09/28/21^b		600		676,500

				1,604,625
SRI LANKA — 1.68%
Sri Lanka Government International Bond
5.75%, 01/18/22^b		600		600,370
5.88%, 07/25/22^b		328		328,601
6.00%, 01/14/19^b		400		412,313
6.13%, 06/03/25^b		200		191,795
6.25%, 10/04/20^b		300		308,546


Security	Principal (000s)		Value
6.25%, 07/27/21^b	$	200	$	204,411
6.83%, 07/18/26^b		400		399,048
6.85%, 11/03/25^b		200		199,780

				2,644,864
TURKEY — 7.44%
Export Credit Bank of Turkey
5.00%, 09/23/21^b		200		193,996
5.38%, 02/08/21^b		400		397,000
Turkey Government International Bond
3.25%, 03/23/23		400		357,108
4.25%, 04/14/26		600		536,880
4.88%, 10/09/26		1,000		931,880
4.88%, 04/16/43		800		652,312
5.13%, 03/25/22		600		597,870
5.63%, 03/30/21		350		360,220
5.63%, 03/30/21		100		102,920
5.75%, 03/22/24		700		705,250
6.00%, 03/25/27		400		403,282
6.00%, 01/14/41		600		560,299
6.25%, 09/26/22		600		627,486
6.63%, 02/17/45		750		756,030
6.75%, 04/03/18		250		259,750
6.75%, 05/30/40		275		280,115
6.75%, 05/30/40		150		152,790
6.88%, 03/17/36		620		641,700
7.00%, 03/11/19		500		530,995
7.00%, 06/05/20		250		269,500
7.00%, 06/05/20		50		53,900
7.25%, 03/05/38		200		214,798
7.38%, 02/05/25		320		352,678
7.38%, 02/05/25		350		385,742
7.50%, 11/07/19		400		434,000
8.00%, 02/14/34		263		301,793
11.88%, 01/15/30		200		299,746
11.88%, 01/15/30		250		374,682

				11,734,722
UKRAINE — 2.50%
Ukraine Government International Bond
7.75%, 09/01/19^b		500		497,250
7.75%, 09/01/20^b		540		528,185
7.75%, 09/01/21^b		400		386,600
7.75%, 09/01/22^b		400		382,200


16

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2017


Security	Principal (000s)		Value
7.75%, 09/01/23^b	$	325	$	307,496
7.75%, 09/01/24^b		563		526,779
7.75%, 09/01/25^b		505		469,690
7.75%, 09/01/26^b		200		185,000
7.75%, 09/01/27^b		500		460,660
Ukreximbank Via Biz Finance PLC
9.75%, 01/22/25^b		200		191,900

				3,935,760
VENEZUELA — 2.68%
Venezuela Government International Bond
6.00%, 12/09/20^b		430		225,750
7.00%, 12/01/18^b		300		219,810
7.00%, 03/31/38^b		200		89,000
7.65%, 04/21/25^b		508		235,610
7.75%, 10/13/19^b		339		204,248
7.75%, 10/13/19^b		260		156,650
8.25%, 10/13/24^b		550		261,250
9.00%, 05/07/23^b		287		145,308
9.25%, 09/15/27		450		238,500
9.25%, 09/15/27		540		286,200
9.25%, 05/07/28^b		640		307,200
9.38%, 01/13/34		510		247,605
11.75%, 10/21/26^b		810		475,875
11.95%, 08/05/31^b		1,020		594,150
12.75%, 08/23/22^b		675		442,125
13.63%, 08/15/18		115		98,900

				4,228,181
VIETNAM — 0.41%
Vietnam Government International Bond
4.80%, 11/19/24^b		200		201,518
6.75%, 01/29/20^b		400		435,971

				637,489
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $85,519,377)				84,307,773


Security	Shares (000s)		Value
SHORT-TERM INVESTMENTS — 1.89%

MONEY MARKET FUNDS — 1.89%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.46%^d,e		2,975	$	2,974,587

				2,974,587

TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,974,587)				2,974,587


TOTAL INVESTMENTS IN SECURITIES — 97.51%
(Cost: $154,258,091)^f				153,820,470
Other Assets, Less Liabilities — 2.49%				3,934,821

NET ASSETS — 100.00%			$	157,755,291

CMT — Constant Maturity Treasury

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	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 $154,416,026. Net unrealized depreciation was $595,556, of which $2,468,651 represented gross unrealized appreciation on securities and $3,064,207 represented gross unrealized depreciation on securities.


			17

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2017

Schedule 1 — Fair Value Measurements


	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Corporate bonds & notes	$	—	$	66,538,110	$	—	$	66,538,110
Foreign government obligations		—		84,307,773		—		84,307,773
Money market funds		2,974,587		—		—		2,974,587

Total	$	2,974,587	$	150,845,883	$	—	$	153,820,470


18

Schedule of Investments (Unaudited)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

January 31, 2017


Security		Principal (000s)		Value
FOREIGN GOVERNMENT OBLIGATIONS — 95.86%

BRAZIL — 14.39%
Brazil Letras do Tesouro Nacional
0.00%, 07/01/17	BRL		33,445	$	10,164,392
0.00%, 01/01/18	BRL		19,028		5,513,498
0.00%, 07/01/18	BRL		12,998		3,595,806
0.00%, 01/01/19	BRL		12,457		3,282,823
0.00%, 07/01/20	BRL		13,000		2,931,501
Brazil Notas do Tesouro Nacional
Series F
10.00%, 01/01/18	BRL		389		122,943
10.00%, 01/01/19	BRL		9,197		2,910,779
10.00%, 01/01/21	BRL		9,998		3,123,523
10.00%, 01/01/23	BRL		13,878		4,259,927
10.00%, 01/01/25	BRL		7,519		2,285,097
10.00%, 01/01/27	BRL		12,568		3,788,033
Brazilian Government International Bond
8.50%, 01/05/24	BRL		500		147,832
10.25%, 01/10/28	BRL		1,420		444,110
12.50%, 01/05/22	BRL		1,633		560,696

					43,130,960
CHILE — 0.32%
Bonos del Banco Central de Chile en Pesos
4.50%, 04/01/20	CLP		150,000		238,649
4.50%, 06/01/20	CLP		185,000		294,670
6.00%, 02/01/21	CLP		140,000		235,389
Chile Government International Bond
5.50%, 08/05/20	CLP		123,000		201,329

					970,037

COLOMBIA — 4.32%
Colombia Government International Bond
7.75%, 04/14/21	COP		496,000		178,082
9.85%, 06/28/27	COP		2,058,000		868,855
Colombian TES
5.00%, 11/21/18	COP		1,300,000		435,982
6.00%, 04/28/28	COP		1,975,000		626,017
7.00%, 09/11/19	COP		2,508,000		872,039
7.00%, 05/04/22	COP		3,096,000		1,082,983
7.50%, 08/26/26	COP		6,080,800		2,175,260
7.75%, 09/18/30	COP		4,023,000		1,467,929
10.00%, 07/24/24	COP		7,259,000		2,964,189
11.00%, 07/24/20	COP		4,252,300		1,658,108
11.25%, 10/24/18	COP		1,681,200		620,195

					12,949,639


Security		Principal (000s)		Value

CZECH REPUBLIC — 4.33%
Czech Republic Government Bond
1.50%, 10/29/19^a	CZK		32,590	$	1,369,346
3.75%, 09/12/20^a	CZK		21,670		993,769
3.85%, 09/29/21^a	CZK		33,810		1,606,521
4.00%, 04/11/17^a	CZK		19,820		799,159
4.20%, 12/04/36^a	CZK		5,520		348,784
4.60%, 08/18/18^a	CZK		15,850		686,584
4.70%, 09/12/22^a	CZK		78,770		3,992,985
5.00%, 04/11/19^a	CZK		14,330		641,746
5.70%, 05/25/24^a	CZK		45,310		2,541,841

					12,980,735
HUNGARY — 4.01%
Hungary Government Bond
2.50%, 10/27/21	HUF		573,000		2,046,413
3.50%, 06/24/20	HUF		318,830		1,190,277
4.00%, 04/25/18	HUF		94,090		342,985
5.50%, 12/20/18	HUF		211,430		806,948
5.50%, 06/24/25	HUF		274,780		1,120,170
6.00%, 11/24/23	HUF		358,850		1,517,263
6.50%, 06/24/19	HUF		315,070		1,245,951
6.75%, 11/24/17	HUF		76,310		279,846
7.00%, 06/24/22	HUF		406,160		1,768,325
7.50%, 11/12/20	HUF		396,400		1,681,027

					11,999,205
INDONESIA — 4.31%
Indonesia Treasury Bond
5.63%, 05/15/23	IDR		22,836,000		1,538,191
6.63%, 05/15/33	IDR		20,316,000		1,315,896
7.00%, 05/15/22	IDR		14,846,000		1,095,974
7.88%, 04/15/19	IDR		11,195,000		853,126
8.25%, 06/15/32	IDR		12,556,000		949,394
8.38%, 03/15/24	IDR		13,138,000		1,017,429
8.38%, 09/15/26	IDR		6,000,000		470,712
8.38%, 03/15/34	IDR		10,374,000		792,977
8.75%, 02/15/44	IDR		2,000,000		153,037
9.00%, 03/15/29	IDR		4,000,000		321,821
9.50%, 07/15/31	IDR		13,698,000		1,143,533
10.00%, 07/15/17	IDR		3,100,000		236,561
10.00%, 09/15/24	IDR		5,860,000		492,029
10.00%, 02/15/28	IDR		9,815,000		846,813
10.50%, 07/15/38	IDR		4,860,000		438,086
11.00%, 11/15/20	IDR		1,748,000		146,591
11.00%, 09/15/25	IDR		8,485,000		760,470
Perusahaan Penerbit SBSN Indonesia
7.75%, 01/25/18	IDR		4,650,000		353,543

					12,926,183


			19

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

January 31, 2017


Security		Principal (000s)		Value
ISRAEL — 4.26%
Israel Government Bond — Fixed
1.75%, 08/31/25	ILS		4,970	$	1,281,640
2.25%, 05/31/19	ILS		4,169		1,152,063
4.25%, 03/31/23	ILS		8,563		2,643,581
5.00%, 01/31/20	ILS		7,759		2,324,946
5.50%, 02/28/17	ILS		5,850		1,558,812
5.50%, 01/31/42	ILS		3,246		1,170,998
6.00%, 02/28/19	ILS		2,752		815,014
6.25%, 10/30/26	ILS		5,040		1,811,531

					12,758,585
MALAYSIA — 4.39%
Malaysia Government Bond
3.26%, 03/01/18	MYR		11,700		2,647,272
3.48%, 03/15/23	MYR		2,859		629,425
3.49%, 03/31/20	MYR		1,773		399,707
3.50%, 05/31/27	MYR		2,404		503,768
4.01%, 09/15/17	MYR		12,207		2,772,817
4.05%, 09/30/21	MYR		840		192,623
4.13%, 04/15/32	MYR		2,676		566,887
4.39%, 04/15/26	MYR		9,964		2,272,453
4.50%, 04/15/30	MYR		840		189,006
4.94%, 09/30/43	MYR		1,975		448,148
5.73%, 07/30/19	MYR		4,418		1,051,463
Malaysia Government Investment Issue
4.17%, 04/30/21	MYR		3,978		913,050
4.44%, 05/22/24	MYR		2,500		572,226

					13,158,845
MEXICO — 4.19%
Mexican Bonos
7.50%, 06/03/27	MXN		72,805		3,486,266
7.75%, 12/14/17	MXN		4,651		226,411
7.75%, 05/29/31	MXN		22,969		1,096,943
7.75%, 11/13/42	MXN		27,871		1,306,017
8.00%, 06/11/20	MXN		38,688		1,920,644
8.00%, 12/07/23	MXN		9,446		471,765
8.50%, 12/13/18	MXN		9,643		478,404
8.50%, 11/18/38	MXN		6,451		325,765
10.00%, 12/05/24	MXN		33,520		1,867,664
10.00%, 11/20/36	MXN		10,297		593,626
United Mexican States
6.50%, 06/09/22	MXN		16,799		784,181

					12,557,686


Security		Principal (000s)		Value
PERU — 1.89%
Peru Government Bond
5.70%, 08/12/24	PEN		3,205	$	979,629
6.35%, 08/12/28	PEN		4,200		1,297,117
6.85%, 02/12/42	PEN		2,310		706,446
6.90%, 08/12/37	PEN		2,481		775,326
8.20%, 08/12/26	PEN		5,390		1,895,348

					5,653,866
PHILIPPINES — 4.44%
Philippine Government Bond
2.13%, 05/23/18	PHP		3,700		73,629
2.88%, 05/22/17	PHP		26,500		532,849
3.38%, 08/20/20	PHP		34,440		686,032
3.50%, 03/20/21	PHP		11,000		218,767
3.50%, 04/21/23	PHP		29,500		574,149
3.63%, 09/09/25	PHP		36,040		689,442
3.88%, 11/22/19	PHP		50,960		1,035,727
4.00%, 12/06/22	PHP		49,760		986,281
4.13%, 08/20/24	PHP		50,000		992,635
4.63%, 09/09/40	PHP		38,450		749,089
6.38%, 01/19/22	PHP		25,608		567,750
7.00%, 03/31/17	PHP		23,140		468,547
8.00%, 07/19/31	PHP		45,500		1,255,842
8.13%, 12/16/35	PHP		31,477		875,584
8.50%, 11/29/32	PHP		45,430		1,292,553
Philippine Government International Bond
4.95%, 01/15/21	PHP		52,000		1,065,809
6.25%, 01/14/36	PHP		57,000		1,243,657

					13,308,342

POLAND — 4.10%
Republic of Poland Government Bond
1.50%, 04/25/20	PLN		6,850		1,657,868
2.50%, 07/25/26	PLN		3,300		742,183
3.25%, 07/25/19	PLN		4,877		1,247,274
3.25%, 07/25/25	PLN		5,617		1,359,480
3.75%, 04/25/18	PLN		3,360		860,692
4.00%, 10/25/23	PLN		6,866		1,769,715
4.75%, 04/25/17	PLN		1,875		472,040
5.25%, 10/25/20	PLN		3,121		850,088
5.50%, 10/25/19	PLN		3,477		941,414
5.75%, 09/23/22	PLN		8,448		2,378,637

					12,279,391


20

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

January 31, 2017


Security		Principal (000s)		Value

ROMANIA — 3.07%
Romania Government Bond
3.25%, 03/22/21	RON		8,320	$	2,034,117
4.75%, 06/24/19	RON		8,635		2,214,764
5.60%, 11/28/18	RON		8,710		2,242,928
5.80%, 07/26/27	RON		3,750		1,027,337
5.85%, 04/26/23	RON		2,710		738,142
5.90%, 07/26/17	RON		1,710		420,635
6.75%, 06/11/17	RON		2,110		517,312

					9,195,235

RUSSIA — 4.25%
Russian Federal Bond — OFZ
6.70%, 05/15/19	RUB		53,887		871,731
6.80%, 12/11/19	RUB		43,838		707,330
7.00%, 01/25/23	RUB		239,766		3,804,540
7.05%, 01/19/28	RUB		60,500		931,218
7.40%, 04/19/17	RUB		31,661		525,097
7.40%, 06/14/17	RUB		6,786		112,234
7.50%, 03/15/18	RUB		31,633		522,244
7.50%, 02/27/19	RUB		48,600		800,605
7.60%, 04/14/21	RUB		168,807		2,771,070
8.15%, 02/03/27	RUB		64,366		1,085,330
8.50%, 09/17/31	RUB		2,000		33,948
Russian Foreign Bond-Eurobond
7.85%, 03/10/18^a	RUB		35,000		576,835

					12,742,182

SOUTH AFRICA — 4.31%
Republic of South Africa Government Bond
6.25%, 03/31/36	ZAR		26,469		1,410,751
6.50%, 02/28/41	ZAR		15,175		806,254
6.75%, 03/31/21	ZAR		1,000		70,608
7.25%, 01/15/20	ZAR		6,888		501,434
8.00%, 12/21/18	ZAR		3,471		258,138
8.00%, 01/31/30	ZAR		49,687		3,345,361
8.25%, 09/15/17	ZAR		6,282		467,413
8.50%, 01/31/37	ZAR		17,880		1,202,377
8.75%, 02/28/48	ZAR		7,332		498,810
10.50%, 12/21/26	ZAR		53,070		4,365,482

					12,926,628

SOUTH KOREA — 20.74%
Korea Monetary Stabilization Bond
1.71%, 04/02/17	KRW		742,220		639,046
1.96%, 02/02/17	KRW		2,560,000		2,202,931


Security		Principal (000s)		Value
Korea Treasury Bond
2.75%, 09/10/17	KRW		10,745,810	$	9,317,258
2.75%, 03/10/18	KRW		5,832,000		5,084,444
2.75%, 12/10/44	KRW		3,577,110		3,401,594
3.00%, 03/10/23	KRW		2,716,000		2,467,211
3.00%, 12/10/42	KRW		4,996,190		4,955,046
3.13%, 03/10/19	KRW		5,876,050		5,208,200
3.50%, 03/10/17	KRW		1,599,830		1,379,700
3.50%, 03/10/24	KRW		5,728,280		5,379,240
3.75%, 06/10/22	KRW		2,788,000		2,618,623
3.75%, 12/10/33	KRW		1,665,410		1,737,954
4.00%, 12/10/31	KRW		1,939,000		2,042,232
4.25%, 06/10/21	KRW		2,947,000		2,786,527
4.75%, 12/10/30	KRW		1,450,860		1,622,701
5.00%, 06/10/20	KRW		2,626,680		2,495,854
5.25%, 03/10/27	KRW		1,827,000		2,003,804
5.50%, 09/10/17	KRW		2,179,600		1,920,677
5.50%, 12/10/29	KRW		1,484,790		1,741,118
5.75%, 09/10/18	KRW		3,427,680		3,140,895

					62,145,055

THAILAND — 4.23%
Thailand Government Bond
2.88%, 06/17/46	THB		6,000		147,979
3.58%, 12/17/27	THB		77,286		2,320,468
3.65%, 12/17/21	THB		22,940		696,390
3.78%, 06/25/32	THB		29,808		889,575
3.80%, 06/14/41	THB		8,368		252,029
3.85%, 12/12/25	THB		42,949		1,329,260
3.88%, 06/13/19	THB		43,950		1,311,397
4.26%, 12/12/37^a	THB		26,170		828,387
4.68%, 06/29/44	THB		3,500		119,174
4.85%, 06/17/61	THB		14,748		534,321
4.88%, 06/22/29	THB		49,500		1,667,254
5.13%, 03/13/18	THB		21,938		647,679
5.67%, 03/13/28	THB		16,395		575,473
6.15%, 07/07/26	THB		37,899		1,360,909

					12,680,295

TURKEY — 4.31%
Turkey Government Bond
6.30%, 02/14/18	TRY		8,616		2,183,468
8.00%, 03/12/25	TRY		2,652		599,658
8.50%, 07/10/19	TRY		6,658		1,675,244
8.50%, 09/14/22	TRY		2,890		693,306
8.70%, 07/11/18	TRY		1,000		256,845


			21

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS LOCAL CURRENCY BOND ETF

January 31, 2017


Security		Principal or Shares (000s)		Value
8.80%, 09/27/23	TRY		5,579	$	1,341,422
9.00%, 03/08/17	TRY		4,492		1,187,696
9.00%, 07/24/24	TRY		6,555		1,585,243
9.50%, 01/12/22	TRY		4,650		1,171,815
10.50%, 01/15/20	TRY		5,403		1,421,594
10.60%, 02/11/26	TRY		3,000		789,471

					12,905,762
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $302,962,240)					287,268,631

SHORT-TERM INVESTMENTS — 0.02%

MONEY MARKET FUNDS — 0.02%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.46%^b,c			75		74,917

					74,917

TOTAL SHORT-TERM INVESTMENTS
(Cost: $74,917)					74,917


Security	Value
TOTAL INVESTMENTS IN SECURITIES — 95.88%
(Cost: $303,037,157)^d	$	287,343,548
Other Assets, Less Liabilities — 4.12%		12,345,203

NET ASSETS — 100.00%	$	299,688,751

Currency Abbreviations:


BRL — Brazilian Real
CLP — Chilean Peso
COP — Colombian Peso
CZK — Czech Koruna
HUF — Hungarian Forint
IDR — Indonesian Rupiah
ILS — Israeli Shekel
KRW — South Korean Won
MXN — Mexican Peso
MYR — Malaysian Ringgit
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 $309,836,141. Net unrealized depreciation was $22,492,593, of which $8,635,412 represented gross unrealized appreciation on securities and $31,128,005 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements


	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Foreign government obligations	$	—	$	287,268,631	$	—	$	287,268,631
Money market funds		74,917		—		—		74,917

Total	$	74,917	$	287,268,631	$	—	$	287,343,548


22

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
CORPORATE BONDS & NOTES — 95.97%

AUSTRALIA — 0.09%
FMG Resources August 2006 Pty Ltd.
6.88%, 04/01/22 (Call 04/01/17)^a,b		USD	40	$	41,550
Origin Energy Finance Ltd.
VRN, (5 year EUR Swap + 3.670%)
4.00%, 09/16/74 (Call 09/16/19)^c		EUR	100		107,194

					148,744

AUSTRIA — 0.28%
Raiffeisen Bank International AG
6.00%, 10/16/23^c		EUR	100		119,047
6.63%, 05/18/21		EUR	100		122,682
VRN, (5 year EUR Swap + 3.300%)
4.50%, 02/21/25 (Call 02/21/20)^c		EUR	100		109,679
Raiffeisenlandesbank Niederoesterreich-Wien AG
5.88%, 11/27/23^c		EUR	100		115,638

					467,046

BELGIUM — 0.21%
Barry Callebaut Services NV
5.63%, 06/15/21^c		EUR	100		130,597
Ethias SA
5.00%, 01/14/26^c		EUR	100		103,037
Nyrstar Netherlands Holdings BV
8.50%, 09/15/19^c		EUR	100		117,884

					351,518

CANADA — 3.59%
1011778 BC ULC/New Red Finance Inc.
4.63%, 01/15/22 (Call 10/01/17)^a		USD	200		205,076
6.00%, 04/01/22 (Call 10/01/17)^a		USD	275		286,274
Air Canada
4.75%, 10/06/23 (Call 10/06/19)^a		CAD	25		19,008
7.75%, 04/15/21^a,b		USD	25		28,132


Security	Principal (000s)			Value
Baytex Energy Corp.
6.63%, 07/19/22 (Call 07/19/17)		CAD	50	$	37,488
Bombardier Inc.
4.75%, 04/15/19^a		USD	50		50,747
5.75%, 03/15/22^a		USD	50		48,779
6.00%, 10/15/22 (Call 04/15/17)^a,b		USD	150		146,850
6.13%, 05/15/21^c		EUR	100		113,999
6.13%, 01/15/23^a		USD	225		218,742
7.50%, 03/15/25 (Call 03/15/20)^a,b		USD	225		225,562
7.75%, 03/15/20^a		USD	100		106,021
8.75%, 12/01/21^a		USD	225		243,281
Brookfield Residential Properties Inc.
6.13%, 05/15/23 (Call 05/15/18)^a		CAD	50		38,447
6.50%, 12/15/20 (Call 03/03/17)^a,b		USD	50		51,403
Brookfield Residential Properties Inc./Brookfield Residential U.S. Corp.
6.13%, 07/01/22 (Call 07/01/17)^a,b		USD	75		76,309
Canadian Energy Services & Technology Corp.
7.38%, 04/17/20 (Call 04/17/17)		CAD	25		19,982
Cascades Inc.
5.50%, 07/15/21 (Call 07/15/17)^a		CAD	25		19,930
Cenovus Energy Inc.
3.00%, 08/15/22 (Call 05/15/22)		USD	50		48,750
3.80%, 09/15/23 (Call 06/15/23)		USD	50		49,630
5.70%, 10/15/1⁹		USD	200		216,094
Concordia International Corp.
7.00%, 04/15/23 (Call 04/15/18)^a		USD	50		18,500
9.50%, 10/21/22 (Call 12/15/18)^a		USD	75		31,828
Cott Beverages Inc.
5.38%, 07/01/22 (Call 07/01/17)		USD	150		153,600
6.75%, 01/01/20 (Call 03/03/17)		USD	50		51,675


			23

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
Cott Corp.
5.50%, 07/01/24 (Call 07/01/19)^c		EUR	100	$	114,266
Enbridge Inc.
Series 16-A VRN,
(3 mo. LIBOR US + 3.890%)
6.00%, 01/15/77 (Call 01/15/27)		USD	125		126,432
Gateway Casinos & Entertainment Ltd.
8.50%, 11/26/20 (Call 03/02/17)^a		CAD	25		19,032
Gibson Energy Inc.
5.38%, 07/15/22 (Call 07/15/17)^a		CAD	50		38,483
Great Canadian Gaming Corp.
6.63%, 07/25/22 (Call 07/25/17)^a		CAD	50		40,029
Iron Mountain Canada Operations ULC
5.38%, 09/15/23 (Call 09/15/19)^a		CAD	25		19,703
Jupiter Resources Inc.
8.50%, 10/01/22 (Call 10/01/17)^a		USD	150		133,500
Kinross Gold Corp.
5.13%, 09/01/21 (Call 06/01/21)		USD	50		51,999
5.95%, 03/15/24 (Call 12/15/23)^b		USD	55		57,702
Lundin Mining Corp.
7.50%, 11/01/20 (Call 11/01/17)^a		USD	50		53,000
7.88%, 11/01/22 (Call 11/01/18)^a		USD	75		81,750
Mattamy Group Corp.
6.88%, 11/15/20 (Call 03/02/17)^a		CAD	50		39,310
MEG Energy Corp.
6.38%, 01/30/23 (Call 07/30/17)^a		USD	175		162,130
6.50%, 03/15/21 (Call 03/15/17)^a		USD	75		76,958
6.50%, 01/15/25 (Call 01/15/20)^a,b		USD	125		126,250
7.00%, 03/31/24 (Call 09/30/18)^a,b		USD	125		117,078


Security	Principal (000s)			Value
Newalta Corp. Series 2
7.75%, 11/14/19 (Call 03/02/17)		CAD	22	$	16,115
NOVA Chemicals Corp.
5.00%, 05/01/25 (Call 01/31/25)^a		USD	50		50,250
5.25%, 08/01/23 (Call 08/01/18)^a		USD	150		155,250
Open Text Corp.
5.63%, 01/15/23 (Call 01/15/18)^a		USD	50		52,000
5.88%, 06/01/26 (Call 06/01/21)^a		USD	180		188,550
Parkland Fuel Corp.
5.75%, 09/16/24 (Call 09/16/19)^a		CAD	25		20,014
6.00%, 11/21/22 (Call 11/21/17)		CAD	50		40,173
Precision Drilling Corp.
5.25%, 11/15/24 (Call 05/15/19)		USD	25		24,396
6.63%, 11/15/20 (Call 03/03/17)		USD	30		30,583
Quebecor Media Inc.
5.75%, 01/15/23		USD	75		78,443
6.63%, 01/15/23^a		CAD	100		81,879
7.38%, 01/15/21 (Call 03/02/17)		CAD	50		39,406
Russel Metals Inc.
6.00%, 04/19/22 (Call 04/19/17)^a		CAD	25		19,623
Seven Generations Energy Ltd.
6.75%, 05/01/23 (Call 05/01/18)^a		USD	50		53,352
6.88%, 06/30/23 (Call 06/30/18)^a		USD	25		26,721
Superior Plus LP
6.50%, 12/09/21 (Call 12/09/17)		CAD	25		20,134
Teck Resources Ltd.
3.75%, 02/01/23 (Call 11/01/22)		USD	100		97,375
4.50%, 01/15/21 (Call 10/15/20)		USD	50		50,848


24

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
4.75%, 01/15/22 (Call 10/15/21)		USD	50	$	51,250
8.00%, 06/01/21 (Call 06/01/18)^a		USD	80		88,200
8.50%, 06/01/24 (Call 06/01/19)^a		USD	150		174,188
Trilogy Energy Corp.
7.25%, 12/13/19 (Call 03/02/17)		CAD	25		19,519
Valeant Pharmaceuticals International Inc.
5.63%, 12/01/21 (Call 03/03/17)^a		USD	175		138,469
6.75%, 08/15/18 (Call 03/03/17)^a,b		USD	300		295,500
7.50%, 07/15/21 (Call 03/03/17)^a		USD	200		173,000
Videotron Ltd.
5.00%, 07/15/22		USD	75		78,399
5.38%, 06/15/24 (Call 03/15/24)^a,b		USD	50		52,269
5.63%, 06/15/25 (Call 03/15/25)		CAD	50		40,017
5.75%, 01/15/26 (Call 09/15/20)^c		CAD	25		20,086
Yellow Pages Digital & Media Solutions Ltd.
9.25%, 11/30/18 (Call 03/02/17)		CAD	28		21,712

					5,961,450
CYPRUS — 0.07%
Bank of Cyprus PCL Series EMTN
VRN, (5 year EUR Swap + 9.176%)
9.25%, 01/19/27 (Call 01/19/22)^c		EUR	100		113,744

					113,744

DENMARK — 0.06%
TDC A/S
VRN, (5 year EUR Swap + 3.110%)
3.50%, 02/26/49 (Call 02/26/21)^c		EUR	100		105,865

					105,865


Security	Principal (000s)			Value

FINLAND — 0.26%
Nokia OYJ
5.38%, 05/15/19		USD	75	$	79,018
6.75%, 02/04/19^c		EUR	100		121,421
Outokumpu OYJ
7.25%, 06/16/21 (Call 06/16/18)^c		EUR	100		118,969
Stora Enso OYJ
2.13%, 06/16/23 (Call 03/16/23)^c		EUR	100		109,586

					428,994

FRANCE — 4.01%
3AB Optique Developpement SAS
5.63%, 04/15/19 (Call 03/02/17)^c		EUR	100		109,479
Areva SA
3.25%, 09/04/20^c		EUR	100		108,599
3.50%, 03/22/21		EUR	100		108,851
Autodis SA
4.38%, 05/01/22 (Call 05/01/18)^c		EUR	100		111,648
BiSoho SAS
5.88%, 05/01/23 (Call 05/01/19)^c		EUR	100		116,318
Casino Guichard Perrachon SA
3.25%, 03/07/24 (Call 12/07/23)^c		EUR	200		238,718
3.99%, 03/09/20		EUR	200		244,782
4.05%, 08/05/26 (Call 05/05/26)^c		EUR	100		115,051
4.41%, 08/06/19^c		EUR	100		118,835
4.56%, 01/25/23^c		EUR	100		121,084
5.98%, 05/26/21		EUR	100		127,472
CMA CGM SA
8.75%, 12/15/18 (Call 03/02/17)^c		EUR	100		110,027
ContourGlobal Power Holdings SA
5.13%, 06/15/21 (Call 06/15/18)^c		EUR	100		114,578
Credit Agricole SA
VRN, (3 mo. LIBOR US + 6.982%)
8.38%, 10/29/49 (Call 10/13/19)^a		USD	100		110,046


			25

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
Elis SA
3.00%, 04/30/22 (Call 04/30/18)^c		EUR	100	$	111,157
Faurecia
3.13%, 06/15/22 (Call 06/15/18)^c		EUR	100		111,235
3.63%, 06/15/23 (Call 06/15/19)^c		EUR	100		112,494
Groupama SA
6.00%, 01/23/27		EUR	100		110,855
VRN, (3 mo. Euribor + 5.360%)
7.88%, 10/27/39 (Call 10/27/19)		EUR	100		117,042
Groupe Fnac SA
3.25%, 09/30/23 (Call 09/30/19)^c		EUR	100		111,436
Holding Medi-Partenaires SAS
7.00%, 05/15/20 (Call 02/10/17)^c		EUR	100		113,602
HomeVi SAS
6.88%, 08/15/21 (Call 08/15/17)^c		EUR	100		114,840
Labeyrie Fine Foods SAS
5.63%, 03/15/21 (Call 03/15/17)^c		EUR	100		110,567
Loxam SAS
4.88%, 07/23/21 (Call 07/23/17)^c		EUR	100		111,775
Mobilux Finance SAS
5.50%, 11/15/24 (Call 11/15/19)^c		EUR	100		112,318
NEW Areva Holding SA
3.13%, 03/20/23 (Call 12/20/22)^c		EUR	200		208,405
4.88%, 09/23/24		EUR	100		111,110
Nexans SA
3.25%, 05/26/21 (Call 02/26/21)^c		EUR	100		114,120
Peugeot SA
2.38%, 04/14/23^c		EUR	100		112,505
6.50%, 01/18/19^c		EUR	100		120,969
Rexel SA
3.50%, 06/15/23 (Call 06/15/19)^c		EUR	100		112,300


Security	Principal (000s)			Value
SFR Group SA
5.38%, 05/15/22 (Call 05/15/17)^c		EUR	200	$	225,445
5.63%, 05/15/24 (Call 05/15/19)^c		EUR	100		114,052
6.00%, 05/15/22 (Call 05/15/17)^a,b		USD	600		616,500
6.25%, 05/15/24 (Call 05/15/19)^a		USD	200		201,203
7.38%, 05/01/26 (Call 05/01/21)^a		USD	800		818,000
SPCM SA
2.88%, 06/15/23 (Call 06/15/18)^c		EUR	100		109,021
Synlab Bondco PLC
6.25%, 07/01/22 (Call 07/01/18)^c		EUR	150		176,237
Tereos Finance Groupe I SA
4.13%, 06/16/23 (Call 03/16/23)^c		EUR	100		112,117
Vallourec SA
2.25%, 09/30/24^c		EUR	100		89,716
3.25%, 08/02/19		EUR	100		111,071
Verallia Packaging SASU
5.13%, 08/01/22 (Call 08/01/18)^c		EUR	100		114,510
WFS Global Holding SAS
9.50%, 07/15/22 (Call 07/15/18)^c		EUR	100		111,343

					6,671,433
GERMANY — 3.19%
Deutsche Lufthansa AG
VRN, (5 year EUR Swap + 4.783%)
5.13%, 08/12/75 (Call 02/12/21)^c		EUR	100		114,193
Douglas GmbH
6.25%, 07/15/22 (Call 07/15/18)^c		EUR	100		117,479
FMC Finance VIII SA
5.25%, 07/31/19^c		EUR	100		120,642
Fresenius Medical Care U.S. Finance II Inc.
4.13%, 10/15/20 (Call 07/17/20)^a		USD	50		51,203


26

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
4.75%, 10/15/24 (Call 07/17/24)^a,b		USD	50	$	50,875
5.63%, 07/31/19^a		USD	100		106,618
5.88%, 01/31/22^a		USD	100		107,968
6.50%, 09/15/18^a		USD	100		106,079
Fresenius Medical Care U.S. Finance Inc.
5.75%, 02/15/21^a		USD	75		80,863
Hapag-Lloyd AG
6.75%, 02/01/22 (Call 02/01/19)^c		EUR	100		110,826
7.75%, 10/01/18 (Call 03/02/17)^c		EUR	100		110,541
K+S AG
3.00%, 06/20/22^c		EUR	100		114,874
LANXESS AG
VRN, (5 year EUR Swap + 4.510%)
4.50%, 12/06/76 (Call 06/06/23)^c		EUR	50		56,288
Norddeutsche Landesbank Girozentrale
6.00%, 06/29/20		EUR	50		59,440
Phoenix PIB Dutch Finance BV
3.13%, 05/27/20^c		EUR	100		116,361
PrestigeBidCo GmbH
6.25%, 12/15/23 (Call 12/15/19)^c		EUR	100		111,938
ProGroup AG
5.13%, 05/01/22 (Call 05/01/18)^c		EUR	100		115,004
RWE AG
VRN, (5 year EUR Swap + 2.643%)
2.75%, 04/21/75 (Call 10/21/20)^c		EUR	100		103,382
VRN, (5 year EUR Swap + 3.245%)
1.00%, 04/21/75 (Call 04/21/25)^c		EUR	50		47,360
Schaeffler Finance BV
3.25%, 05/15/25 (Call 05/15/20)^c		EUR	100		115,298
4.75%, 05/15/23 (Call 05/15/18)^a		USD	200		203,573
Senvion Holding GmbH
6.63%, 11/15/20 (Call 05/15/17)^c		EUR	100		112,709


Security	Principal (000s)			Value
ThyssenKrupp AG
1.75%, 11/25/20 (Call 08/25/20)^c		EUR	100	$	110,316
2.50%, 02/25/25^c		EUR	100		109,901
2.75%, 03/08/21 (Call 12/08/20)^c		EUR	300		339,315
4.00%, 08/27/18		EUR	175		200,024
Trionista TopCo GmbH
6.88%, 04/30/21 (Call 03/02/17)^c		EUR	100		113,307
Unitymedia GmbH
3.75%, 01/15/27 (Call 01/15/21)^c		EUR	100		102,608
6.13%, 01/15/25 (Call 01/15/20)^a		USD	200		206,750
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
4.00%, 01/15/25 (Call 01/15/20)^c		EUR	100		112,125
4.63%, 02/15/26 (Call 02/15/21)^c		EUR	100		114,654
5.13%, 01/21/23 (Call 01/21/18)^c		EUR	81		92,372
5.50%, 09/15/22 (Call 09/15/17)^c		EUR	81		91,892
5.50%, 01/15/23 (Call 01/15/18)^a		USD	200		207,357
5.63%, 04/15/23 (Call 04/15/18)^c		EUR	80		92,715
WEPA Hygieneprodukte GmbH
3.75%, 05/15/24 (Call 05/15/19)^c		EUR	100		112,726
ZF North America Capital Inc.
2.25%, 04/26/19^c		EUR	100		111,957
2.75%, 04/27/23^c		EUR	300		340,900
4.00%, 04/29/20^a		USD	150		155,063
4.50%, 04/29/22a		USD	150		154,125
4.75%, 04/29/25^a		USD	300		305,250

					5,306,871

GREECE — 0.20%
OTE PLC
3.50%, 07/09/20^c		EUR	100		108,898
7.88%, 02/07/18^c		EUR	100		114,005
Titan Global Finance PLC
3.50%, 06/17/21^c		EUR	100		112,319

					335,222


			27

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
HONG KONG — 0.11%
Noble Group Ltd.
6.75%, 01/29/20^a		USD	200	$	176,480

					176,480

INDIA — 0.07%
Samvardhana Motherson Automotive Systems Group BV
4.13%, 07/15/21 (Call 07/15/17)^c		EUR	100		110,772

					110,772

IRELAND — 1.21%
Allied Irish Banks PLC
2.75%, 04/16/19^c		EUR	100		114,072
VRN, (5 year EUR Swap + 3.950%)
4.13%, 11/26/25 (Call 11/26/20)^c		EUR	100		111,159
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
4.13%, 05/15/23 (Call 05/15/19)^c		EUR	100		114,215
4.25%, 01/15/22 (Call 06/30/17)^c		EUR	100		111,166
4.63%, 05/15/23 (Call 05/15/19)^a		USD	200		202,500
6.00%, 02/15/25 (Call 02/15/20)^a		USD	200		201,040
6.25%, 01/31/19 (Call 03/03/17)^a,b		USD	200		203,644
6.75%, 05/15/24 (Call 05/15/19)^c		EUR	100		117,613
7.25%, 05/15/24 (Call 05/15/19)^a		USD	200		213,966
Bank of Ireland
VRN, (5 year EUR Swap + 3.550%)
4.25%, 06/11/24 (Call 06/11/19)^c		EUR	100		111,553
eircom Finance DAC
4.50%, 05/31/22 (Call 05/31/18)^c		EUR	100		112,575


Security	Principal (000s)			Value
Park Aerospace Holdings Ltd.
5.25%, 08/15/22^a		USD	85	$	87,125
5.50%, 02/15/24^a		USD	85		87,295
Smurfit Kappa Acquisitions
2.38%, 02/01/24 (Call 11/01/23)^c		EUR	100		108,437
4.13%, 01/30/20^c		EUR	100		118,312

					2,014,672

ITALY — 5.84%
Astaldi SpA
7.13%, 12/01/20 (Call 03/02/17)^c		EUR	100		112,600
Autostrada Brescia Verona Vicenza Padova SpA
2.38%, 03/20/20^c		EUR	100		112,887
Banca Monte dei Paschi di Siena SpA
3.63%, 04/01/19^c		EUR	100		105,703
5.00%, 04/21/20^c		EUR	50		27,828
Banca Popolare di Milano Scarl
7.13%, 03/01/21^c		EUR	100		116,773
Banca Popolare di Vicenza
2.75%, 03/20/20^c		EUR	100		96,683
Banco Popolare SC
2.38%, 01/22/18^c		EUR	100		109,438
2.75%, 07/27/20^c		EUR	100		109,745
3.50%, 03/14/19^c		EUR	200		223,012
6.00%, 11/05/20^c		EUR	100		113,033
Buzzi Unicem SpA
2.13%, 04/28/23 (Call 01/28/23)^c		EUR	100		110,980
Enel SpA
VRN, (5 year EUR Swap + 3.648%)
5.00%, 01/15/75 (Call 01/15/20)^c		EUR	200		228,556
VRN, (5 year EUR Swap + 5.242%)
6.50%, 01/10/74 (Call 01/10/19)^c		EUR	100		116,243
VRN, (5 year USD Swap + 5.880%)
8.75%, 09/24/73 (Call 09/24/23)^a		USD	200		229,187


28

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
Fiat Chrysler Finance Europe
4.75%, 03/22/21^c		EUR	300	$	352,845
4.75%, 07/15/22^c		EUR	200		236,143
6.63%, 03/15/18^c		EUR	100		114,718
6.75%, 10/14/19^c		EUR	200		244,997
Iccrea Banca SpA
1.88%, 11/25/19^c		EUR	100		110,059
International Game Technology PLC
4.13%, 02/15/20 (Call 11/15/19)^c		EUR	100		116,446
Intesa Sanpaolo SpA
2.86%, 04/23/25^c		EUR	100		104,669
3.93%, 09/15/26^c		EUR	100		108,070
5.00%, 09/23/19^c		EUR	150		174,737
5.15%, 07/16/20		EUR	200		236,872
6.63%, 09/13/23^c		EUR	200		250,906
Leonardo SpA
4.50%, 01/19/21		EUR	100		121,973
5.25%, 01/21/22		EUR	200		254,805
8.00%, 12/16/19		GBP	100		146,864
Mediobanca SpA
5.00%, 11/15/20		EUR	100		118,431
5.75%, 04/18/23		EUR	100		122,155
N&W Global Vending SpA
7.00%, 10/15/23 (Call 10/15/19)c		EUR	100		113,720
Saipem Finance International BV
3.00%, 03/08/21^c		EUR	100		111,727
3.75%, 09/08/23^c		EUR	100		112,938
Salini Impregilo SpA
3.75%, 06/24/21^c		EUR	100		114,639
Schumann SpA
7.00%, 07/31/23 (Call 07/31/19)^c		EUR	100		111,264
Telecom Italia Capital SA
7.00%, 06/04/18		USD	50		53,096
7.18%, 06/18/19		USD	100		110,260
Telecom Italia SpA
4.00%, 01/21/20^c		EUR	100		117,126
4.88%, 09/25/20^c		EUR	100		121,403
5.25%, 02/10/22^c		EUR	150		186,971
6.13%, 12/14/18		EUR	100		119,665


Security	Principal (000s)			Value
Telecom Italia SpA/Milano
2.50%, 07/19/23^c		EUR	300	$	321,465
3.00%, 09/30/25^c		EUR	100		107,077
3.25%, 01/16/23^c		EUR	100		112,521
3.63%, 01/19/24^c		EUR	100		113,591
3.63%, 05/25/26^c		EUR	100		109,929
4.50%, 01/25/21^c		EUR	100		120,534
5.30%, 05/30/24^a,b		USD	200		201,123
5.38%, 01/29/19^c		EUR	100		118,533
6.38%, 06/24/19		GBP	100		136,991
UniCredit SpA
6.70%, 06/05/18^c		EUR	100		115,249
6.95%, 10/31/22^c		EUR	200		247,331
VRN, (5 year EUR Swap + 4.100%)
5.75%, 10/28/25 (Call 10/28/20)c		EUR	200		228,833
VRN, (5 year EUR Swap + 4.316%)
4.38%, 01/03/27 (Call 01/03/22)^c		EUR	100		109,102
Unione di Banche Italiane SpA VRN, (5 year EUR Swap + 4.182%)
4.25%, 05/05/26 (Call 05/05/21)^c		EUR	100		107,902
Unipol Gruppo Finanziario SpA
3.00%, 03/18/25^c		EUR	115		120,614
Veneto Banca SCPA
4.00%, 05/20/19^c		EUR	100		101,586
Wind Acquisition Finance SA
4.00%, 07/15/20 (Call 02/10/17)^c		EUR	250		274,719
4.75%, 07/15/20 (Call 03/03/17)^a		USD	400		407,000
7.00%, 04/23/21 (Call 04/23/17)^c		EUR	300		337,199
7.38%, 04/23/21 (Call 04/23/17)^a		USD	400		416,460

					9,707,926

JAPAN — 0.53%
SoftBank Group Corp.
4.00%, 07/30/22 (Call 04/30/22)^c		EUR	200		236,074


			29

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
4.50%, 04/15/20a		USD	400	$	408,842
4.75%, 07/30/25 (Call 04/30/25)^c		EUR	100		118,619
5.25%, 07/30/27 (Call 04/30/27)^c		EUR	100		119,913

					883,448

LUXEMBOURG — 3.35%
Altice Financing SA
5.25%, 02/15/23 (Call 02/15/18)^c		EUR	100		114,410
6.50%, 01/15/22 (Call 03/03/17)^a		USD	200		208,750
6.63%, 02/15/23 (Call 02/15/18)^a		USD	400		419,000
7.50%, 05/15/26 (Call 05/15/21)^a,b		USD	400		422,500
Altice Luxembourg SA
6.25%, 02/15/25 (Call 02/15/20)^c		EUR	100		113,356
7.25%, 05/15/22 (Call 05/15/17)^c		EUR	300		344,705
7.63%, 02/15/25 (Call 02/15/20)^a		USD	200		211,500
7.75%, 05/15/22 (Call 05/15/17)^a		USD	400		424,500
ArcelorMittal
2.88%, 07/06/20^c		EUR	100		113,685
3.00%, 03/25/19^c		EUR	100		113,546
3.13%, 01/14/22^c		EUR	300		340,944
6.13%, 06/01/18		USD	100		104,758
6.13%, 06/01/25		USD	100		109,938
6.25%, 08/05/20		USD	50		54,278
6.50%, 03/01/21		USD	100		109,250
7.25%, 02/25/22		USD	150		169,390
10.85%, 06/01/19		USD	100		117,238
DEA Finance SA
7.50%, 10/15/22 (Call 04/15/19)^c		EUR	100		116,425
Garfunkelux Holdco 3 SA
8.50%, 11/01/22 (Call 11/01/18)^c		GBP	100		128,902
INEOS Group Holdings SA
5.38%, 08/01/24 (Call 08/01/19)^c		EUR	100		110,919
5.63%, 08/01/24 (Call 08/01/19)^a,b		USD	200		198,000


Security	Principal (000s)			Value
Intelsat Connect Finance SA
12.50%, 04/01/22 (Call 06/01/18)^a,b		USD	75	$	47,438
Intelsat Jackson Holdings SA
5.50%, 08/01/23 (Call 08/01/18)^b		USD	275		193,187
7.25%, 04/01/19 (Call 03/03/17)^b		USD	250		213,866
7.25%, 10/15/20 (Call 03/03/17)^b		USD	300		236,250
7.50%, 04/01/21 (Call 03/03/17)^b		USD	150		115,500
8.00%, 02/15/24 (Call 02/15/19)^a		USD	200		207,073
9.50%, 09/30/22^a		USD	50		56,494
Matterhorn Telecom SA
3.88%, 05/01/22 (Call 05/01/18)^c		EUR	100		110,833
Picard Bondco SA
7.75%, 02/01/20 (Call 03/02/17)^c		EUR	100		112,667
Swissport Investments SA
6.75%, 12/15/21 (Call 06/15/18)^c		EUR	100		117,226
Telenet Finance VI Luxembourg SCA
4.88%, 07/15/27 (Call 07/15/21)^c		EUR	100		113,065

					5,569,593

NETHERLANDS — 2.02%
Constellium NV
7.88%, 04/01/21 (Call 04/01/18)^a,b		USD	250		268,437
CSC Holdings LLC
6.63%, 10/15/25 (Call 10/15/20)^a		USD	200		218,562
Hema Bondco I BV
6.25%, 06/15/19 (Call 02/10/17)^c		EUR	100		104,030
InterXion Holding NV
6.00%, 07/15/20 (Call 02/10/17)^c		EUR	100		112,991
LGE HoldCo VI BV
7.13%, 05/15/24 (Call 05/15/19)^c		EUR	100		123,036


30

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
NXP BV/NXP Funding LLC
3.88%, 09/01/22^a		USD	200	$	203,250
4.13%, 06/15/20^a		USD	200		206,455
4.13%, 06/01/21^a		USD	200		206,480
4.63%, 06/01/23^a,b		USD	200		210,654
OI European Group BV
3.13%, 11/15/24 (Call 08/15/24)^c		EUR	100		108,495
Sensata Technologies BV
4.88%, 10/15/23^a		USD	125		127,813
5.00%, 10/01/25^a,b		USD	150		150,112
5.63%, 11/01/24^a		USD	50		52,156
UPC Holding BV
6.38%, 09/15/22 (Call 09/15/17)^c		EUR	100		114,280
6.75%, 03/15/23 (Call 03/15/18)^c		EUR	100		116,984
UPCB Finance IV Ltd.
5.38%, 01/15/25 (Call 01/15/20)^a		USD	200		202,500
Ziggo Bond Finance BV
6.00%, 01/15/27 (Call 01/15/22)^a		USD	150		148,610
Ziggo Secured Finance BV
3.75%, 01/15/25 (Call 01/15/20)^c		EUR	200		220,095
4.25%, 01/15/27 (Call 01/15/22)^c		EUR	100		110,001
5.50%, 01/15/27 (Call 01/15/22)^a		USD	350		348,470

					3,353,411

NEW ZEALAND — 0.24%
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC
5.13%, 07/15/23 (Call 07/15/19)^a,b		USD	295		301,729
7.00%, 07/15/24 (Call 07/15/19)^a,b		USD	100		106,416

					408,145
NORWAY — 0.14%
Lock AS
7.00%, 08/15/21 (Call 08/15/17)^c		EUR	100		114,696

Security

Principal
(000s)

Value

Silk Bidco AS

7.50%, 02/01/22 (Call 02/01/18)^c

EUR

100

115,352

230,048

PORTUGAL — 0.07%

EDP - Energias de Portugal SA

VRN, (5 year EUR Swap + 5.043%)

5.38%, 09/16/75 (Call 03/16/21)^c

EUR

100

112,367

SINGAPORE — 0.35%

Global A&T Electronics Ltd.

10.00%, 02/01/19 (Call 03/03/17)^a

USD

200

150,500

Lincoln Finance Ltd.

6.88%, 04/15/21 (Call 04/15/18)^c

EUR

200

233,037

Puma International Financing SA

6.75%, 02/01/21 (Call 03/03/17)^a

USD

200

206,832

590,369

SPAIN — 1.19%

Banco de Sabadell SA

5.63%, 05/06/26^c

EUR

100

116,270

Bankia SA

3.50%, 01/17/19^c

EUR

100

114,856

VRN, (5 year EUR Swap + 3.166%)

4.00%, 05/22/24 (Call 05/22/19)^c

EUR

100

110,124

BPE Financiaciones SA

2.00%, 02/03/20^c

EUR

100

108,490

CaixaBank SA
VRN, (5 year EUR Swap + 3.950%)

5.00%, 11/14/23 (Call 11/14/18)^c

EUR

100

113,909

Campofrio Food Group SA

3.38%, 03/15/22 (Call 03/15/18)^c

EUR

100

112,370

Cellnex Telecom SA

2.88%, 04/18/25 (Call 01/18/25)^c

EUR

100

107,021


			31

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017

Security

Principal
(000s)

Value

Cellnex Telecom SAU

3.13%, 07/27/22^c

EUR

100

114,680

Cirsa Funding Luxembourg SA

5.88%, 05/15/23 (Call 05/15/18)^c

EUR

100

112,271

Codere Finance 2 Luxembourg SA

6.75%, 11/01/21 (Call 10/31/18)^c

EUR

100

105,535

eDreams ODIGEO SA

8.50%, 08/01/21 (Call 08/01/18)^c

EUR

100

113,938

Gestamp Funding Luxembourg SA

3.50%, 05/15/23 (Call 05/15/19)^c

EUR

100

112,688

Grifols Worldwide Operations Ltd.

5.25%, 04/01/22 (Call 04/01/17)

USD

200

207,548

Grupo Antolin Dutch BV

5.13%, 06/30/22 (Call 06/30/18)^c

EUR

100

115,770

Grupo Isolux Corsan SA

1.00%, 12/30/21^d

EUR

13,908

NH Hotel Group SA

3.75%, 10/01/23 (Call 10/01/19)^c

EUR

100

112,312

Obrascon Huarte Lain SA

4.75%, 03/15/22 (Call 03/15/18)^c

EUR

100

79,162

Repsol International Finance BV
VRN, (10 year EUR Swap + 4.200%)

4.50%, 03/25/75 (Call 03/25/25)^c

EUR

100

103,961

1,974,813

SWEDEN — 0.34%

Hoist Kredit AB

3.13%, 12/09/19^c

EUR

100

113,315

Verisure Holding AB

6.00%, 11/01/22 (Call 11/01/18)^c

EUR

100

117,681

Volvo Car AB

3.25%, 05/18/21^c

EUR

100

116,310


Security	Principal (000s)			Value
Volvo Treasury AB
VRN, (5 year EUR Swap + 3.797%)
4.20%, 06/10/75 (Call 06/10/20)^c		EUR	100	$	112,686
VRN, (5 year EUR Swap + 4.101%)
4.85%, 03/10/78 (Call 03/10/23)^c		EUR	100		114,400

					574,392

SWITZERLAND — 0.27%
Dufry Finance SCA
4.50%, 07/15/22 (Call 07/15/17)^c		EUR	100		113,148
4.50%, 08/01/23 (Call 08/01/18)^c		EUR	100		115,551
Selecta Group BV
6.50%, 06/15/20 (Call 03/02/17)^c		EUR	100		100,224
SIG Combibloc Holdings SCA
7.75%, 02/15/23 (Call 02/15/18)^c		EUR	100		116,031

					444,954

UNITED KINGDOM — 5.77%
Algeco Scotsman Global Finance PLC
8.50%, 10/15/18 (Call 03/03/17)^a		USD	200		188,000
Alliance Automotive Finance PLC
6.25%, 12/01/21 (Call 11/19/17)^c		EUR	100		115,360
Amigo Luxembourg SA
7.63%, 01/15/24 (Call 01/15/20)^c		GBP	100		128,813
Anglo American Capital PLC
1.50%, 04/01/20^c		EUR	100		109,368
2.75%, 06/07/19^c		EUR	100		113,457
2.88%, 11/20/20^c		EUR	100		114,329
3.25%, 04/03/23^c		EUR	100		115,056
3.50%, 03/28/22^c		EUR	300		350,480
3.63%, 05/14/20^a		USD	200		201,500
4.13%, 04/15/21^a		USD	200		202,708
4.45%, 09/27/20^a		USD	100		103,420
4.88%, 05/14/25^a		USD	200		202,500


32

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
Arqiva Broadcast Finance PLC
9.50%, 03/31/20 (Call 03/31/17)^c		GBP	100	$	133,434
Ashtead Capital Inc.
6.50%, 07/15/22 (Call 07/15/17)^a		USD	200		209,250
Boparan Finance PLC
5.50%, 07/15/21 (Call 07/15/17)^c		GBP	100		123,113
Cabot Financial Luxembourg SA
7.50%, 10/01/23 (Call 10/01/19)^c		GBP	100		125,144
CNH Industrial Finance Europe SA
2.88%, 05/17/23^c		EUR	100		110,592
CNH Industrial NV
4.50%, 08/15/23^b		USD	75		74,757
EC Finance PLC
5.13%, 07/15/21 (Call 02/10/17)^c		EUR	100		111,972
Fiat Chrysler Automobiles NV
3.75%, 03/29/24^c		EUR	100		111,817
4.50%, 04/15/20		USD	200		204,341
5.25%, 04/15/23^b		USD	200		205,000
Iceland Bondco PLC
6.25%, 07/15/21 (Call 07/15/17)^c		GBP	100		130,014
Ineos Finance PLC
4.00%, 05/01/23 (Call 05/01/18)^c		EUR	100		112,265
Inmarsat Finance PLC
4.88%, 05/15/22 (Call 05/15/17)^a		USD	200		196,000
International Personal Finance PLC
5.75%, 04/07/21^c		EUR	100		85,133
Interoute Finco PLC
7.38%, 10/15/20 (Call 10/15/17)^c		EUR	100		115,863
Iron Mountain Europe PLC
6.13%, 09/15/22 (Call 09/15/17)^c		GBP	100		133,816
Jaguar Land Rover Automotive PLC
2.20%, 01/15/24^c		EUR	100		108,070
3.50%, 03/15/20 (Call 12/15/19)^a		USD	200		201,287
3.88%, 03/01/23^c		GBP	100		129,298


Security	Principal (000s)			Value
Lecta SA
6.50%, 08/01/23 (Call 08/01/19)c		EUR	100	$	112,065
Merlin Entertainments PLC
2.75%, 03/15/22 (Call 12/15/21)^c		EUR	100		112,866
New Look Secured Issuer PLC
6.50%, 07/01/22 (Call 06/24/18)^c		GBP	100		113,703
Noble Holding International Ltd.
7.75%, 01/15/24 (Call 10/15/23)		USD	155		153,644
Pizzaexpress Financing 2 PLC
6.63%, 08/01/21 (Call 08/01/17)^c		GBP	100		127,761
Premier Foods Finance PLC
6.50%, 03/15/21 (Call 03/15/17)^c		GBP	100		123,793
Royal Bank of Scotland Group PLC
5.13%, 05/28/24^b		USD	300		298,636
6.00%, 12/19/23		USD	350		367,547
6.10%, 06/10/23		USD	125		132,157
6.13%, 12/15/22		USD	300		316,344
VRN, (5 year EUR Swap + 2.650%)
3.63%, 03/25/24 (Call 03/25/19)^c		EUR	100		109,400
Royal Bank of Scotland PLC (The)
6.93%, 04/09/18		EUR	300		347,731
Tesco Corporate Treasury Services PLC
1.38%, 07/01/19^c		EUR	100		109,950
2.13%, 11/12/20 (Call 08/12/20)c		EUR	200		224,884
2.50%, 07/01/24^c		EUR	200		221,214
Tesco PLC
6.13%, 02/24/22		GBP	100		143,226
Thomas Cook Finance PLC
6.75%, 06/15/21 (Call 01/15/18)^c		EUR	100		114,091
Thomas Cook Group PLC
6.25%, 06/15/22 (Call 06/15/19)^c		EUR	100		111,582
Travis Perkins PLC
4.38%, 09/15/21^c		GBP	100		131,112


			33

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
Tullow Oil PLC
6.00%, 11/01/20 (Call 02/13/17)^a		USD	200	$	188,500
Virgin Media Finance PLC
4.50%, 01/15/25 (Call 01/15/20)^c		EUR	100		110,671
5.75%, 01/15/25 (Call 01/15/20)^a		USD	200		203,255
6.38%, 04/15/23 (Call 04/15/18)^a,b		USD	200		209,447
6.38%, 10/15/24 (Call 10/15/19)^c		GBP	100		134,054
Virgin Media Secured Finance PLC
4.88%, 01/15/27 (Call 01/15/21)^c		GBP	100		124,547
5.25%, 01/15/26 (Call 01/15/20)^a		USD	200		200,815
5.50%, 01/15/25 (Call 01/15/19)^c		GBP	90		117,971
6.25%, 03/28/29 (Call 01/15/21)^c		GBP	100		133,259
Viridian Group FundCo II Ltd.
7.50%, 03/01/20 (Call 09/01/17)^c		EUR	100		115,121
Worldpay Finance PLC
3.75%, 11/15/22^c		EUR	100		114,579

					9,590,082

UNITED STATES — 62.51%
Acadia Healthcare Co. Inc.
5.63%, 02/15/23 (Call 02/15/18)		USD	50		50,750
Adient Global Holdings Ltd.
3.50%, 08/15/24 (Call 05/15/24)^c		EUR	200		215,944
ADT Corp. (The)
3.50%, 07/15/22		USD	125		117,973
4.13%, 06/15/23		USD	100		95,425
6.25%, 10/15/21		USD	175		190,126
Advanced Micro Devices Inc.
7.00%, 07/01/24 (Call 07/01/19)		USD	47		48,821
AECOM
5.75%, 10/15/22 (Call 10/15/17)		USD	125		132,187
5.88%, 10/15/24 (Call 07/15/24)		USD	100		107,738


Security	Principal (000s)			Value
AES Corp./VA
4.88%, 05/15/23 (Call 05/15/18)		USD	100	$	99,363
5.50%, 03/15/24 (Call 03/15/19)		USD	50		50,656
5.50%, 04/15/25 (Call 04/15/20)		USD	200		202,750
6.00%, 05/15/26 (Call 05/15/21)^b		USD	25		25,789
7.38%, 07/01/21 (Call 06/01/21)		USD	175		197,750
Aircastle Ltd.
4.63%, 12/15/18		USD	75		77,813
5.00%, 04/01/23		USD	50		50,754
5.13%, 03/15/21^b		USD	75		78,789
5.50%, 02/15/22		USD	50		52,435
6.25%, 12/01/19^b		USD	50		54,281
AK Steel Corp.
7.63%, 05/15/20 (Call 03/03/17)^b		USD	40		40,950
7.63%, 10/01/21 (Call 10/01/17)^b		USD	125		130,156
Albertsons Companies LLC/Safeway Inc./New Albertson’s Inc./Albertson’s LLC
5.75%, 03/15/25 (Call 09/15/19)^a		USD	145		143,912
6.63%, 06/15/24 (Call 06/15/19)^a,b		USD	210		217,687
Alcoa Nederland Holding BV
6.75%, 09/30/24 (Call 09/30/19)^a		USD	200		216,375
Alere Inc.
6.38%, 07/01/23 (Call 07/01/18)^a		USD	50		50,625
7.25%, 07/01/18 (Call 03/03/17)		USD	50		50,531
Aleris International Inc.
9.50%, 04/01/21 (Call 04/01/18)^a		USD	50		54,396
Allegheny Technologies Inc.
5.95%, 01/15/21 (Call 10/15/20)		USD	50		49,328
7.88%, 08/15/23 (Call 05/15/23)^b		USD	75		75,750


34

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
Allison Transmission Inc.
5.00%, 10/01/24 (Call 10/01/19)^a,b		USD	175	$	176,312
Ally Financial Inc.
3.25%, 02/13/18		USD	50		50,412
3.25%, 11/05/18		USD	100		100,809
3.50%, 01/27/19		USD	200		202,250
3.60%, 05/21/18		USD	100		101,500
3.75%, 11/18/19^b		USD	100		101,093
4.13%, 03/30/20		USD	100		101,680
4.13%, 02/13/22		USD	100		99,625
4.25%, 04/15/21		USD	150		151,317
4.63%, 05/19/22^b		USD	125		126,771
4.63%, 03/30/25		USD	50		49,279
4.75%, 09/10/18		USD	50		51,625
5.13%, 09/30/24		USD	75		76,893
5.75%, 11/20/25 (Call 10/20/25)^b		USD	155		157,507
7.50%, 09/15/20		USD	25		28,232
8.00%, 12/31/18		USD	150		163,875
8.00%, 03/15/20		USD	100		113,469
Altice U.S. Finance I Corp.
5.38%, 07/15/23 (Call 07/15/18)^a		USD	200		208,500
5.50%, 05/15/26 (Call 05/15/21)^a		USD	200		205,000
AMC Entertainment Holdings Inc.
5.75%, 06/15/25 (Call 06/15/20)^b		USD	150		154,500
5.88%, 11/15/26 (Call 11/15/21)^a,b		USD	65		66,060
6.38%, 11/15/24 (Call 11/15/19)^c		GBP	100		133,135
AMC Networks Inc.
4.75%, 12/15/22 (Call 12/15/17)^b		USD	100		101,955
5.00%, 04/01/24 (Call 04/01/20)		USD	135		137,700
American Airlines Group Inc.
4.63%, 03/01/20^a,b		USD	50		50,550
5.50%, 10/01/19^a		USD	100		103,656
6.13%, 06/01/18		USD	50		52,063
American Axle & Manufacturing Inc.
6.25%, 03/15/21 (Call 03/03/17)^b		USD	25		25,750
6.63%, 10/15/22 (Call 10/15/17)^b		USD	50		51,599


Security	Principal (000s)			Value
AmeriGas Finance LLC/AmeriGas Finance Corp.
7.00%, 05/20/22 (Call 05/20/17)		USD	38	$	39,853
AmeriGas Partners LP/AmeriGas Finance Corp.
5.50%, 05/20/25 (Call 02/20/25)		USD	100		102,313
5.63%, 05/20/24 (Call 03/20/24)^b		USD	95		98,543
5.88%, 08/20/26 (Call 05/20/26)		USD	95		98,471
Anixter Inc.
5.13%, 10/01/21		USD	50		52,188
Antero Resources Corp.
5.00%, 03/01/25 (Call 03/01/20)^a		USD	50		48,990
5.13%, 12/01/22 (Call 06/01/17)		USD	200		201,000
5.38%, 11/01/21 (Call 03/03/17)		USD	75		76,969
5.63%, 06/01/23 (Call 06/01/18)		USD	150		152,775
Apollo Global Management LLC
8.63%, 11/15/24 (Call 11/15/19)^a		USD	150		155,625
APX Group Inc.
6.38%, 12/01/19 (Call 03/03/17)		USD	75		77,352
7.88%, 12/01/22 (Call 12/01/18)		USD	150		162,750
8.75%, 12/01/20 (Call 03/03/17)		USD	125		129,687
Aramark Services Inc.
4.75%, 06/01/26 (Call 06/01/21)^a,b		USD	150		149,089
5.13%, 01/15/24 (Call 01/15/19)		USD	75		77,911
5.75%, 03/15/20 (Call 03/03/17)^b		USD	23		23,420
Arconic Inc.
5.13%, 10/01/24 (Call 07/01/24)^b		USD	200		206,250
5.40%, 04/15/21 (Call 01/15/21)		USD	150		159,750
5.72%, 02/23/19		USD	100		104,945
5.87%, 02/23/22		USD	100		106,844
6.15%, 08/15/20		USD	100		108,533
6.75%, 07/15/18		USD	100		106,038


			35

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
Ashland LLC
3.88%, 04/15/18 (Call 03/15/18)^b		USD	50	$	50,955
4.75%, 08/15/22 (Call 05/15/22)		USD	200		204,365
Avaya Inc.
7.00%, 04/01/19 (Call 03/03/17)^a,b		USD	150		124,500
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
5.13%, 06/01/22 (Call 06/01/17)^a,b		USD	25		24,267
5.50%, 04/01/23 (Call 04/01/18)^b		USD	100		97,000
Avis Budget Finance PLC
4.13%, 11/15/24 (Call 11/15/19)^c		EUR	125		131,133
Avon International Operations Inc.
7.88%, 08/15/22 (Call 08/15/19)^a		USD	75		79,875
Avon Products Inc.
6.60%, 03/15/20		USD	75		76,563
7.00%, 03/15/23		USD	50		47,750
Axalta Coating Systems Dutch Holding B BV
3.75%, 01/15/25 (Call 01/15/20)^c		EUR	125		138,439
Ball Corp.
4.00%, 11/15/23^b		USD	175		173,643
4.38%, 12/15/20		USD	75		78,697
4.38%, 12/15/23		EUR	100		120,844
5.00%, 03/15/22^b		USD	100		105,091
5.25%, 07/01/25		USD	225		236,531
Beazer Homes USA Inc.
8.75%, 03/15/22 (Call 03/15/19)^a,b		USD	85		92,284
Belden Inc.
5.50%, 04/15/23 (Call 04/15/18)^c		EUR	100		114,943
Berry Plastics Corp.
5.13%, 07/15/23 (Call 07/15/18)		USD	150		153,580
5.50%, 05/15/22 (Call 05/15/17)		USD	50		52,048
6.00%, 10/15/22 (Call 10/15/18)		USD	40		42,341


Security	Principal (000s)			Value
Blue Cube Spinco Inc.
9.75%, 10/15/23 (Call 10/15/20)^b		USD	100	$	119,000
10.00%, 10/15/25 (Call 10/15/20)		USD	50		60,413
BlueLine Rental Finance Corp.
7.00%, 02/01/19 (Call 03/03/17)^a		USD	75		74,063
BMC Software Finance Inc.
8.13%, 07/15/21 (Call 03/03/17)^a		USD	250		241,250
Boyd Gaming Corp.
6.38%, 04/01/26 (Call 04/01/21)^a		USD	100		106,813
6.88%, 05/15/23 (Call 05/15/18)		USD	75		80,531
Builders FirstSource Inc.
5.63%, 09/01/24 (Call 09/01/19)^a		USD	100		102,750
Cablevision Systems Corp.
5.88%, 09/15/22^b		USD	50		50,125
7.75%, 04/15/18		USD	50		52,375
8.00%, 04/15/20^b		USD	75		82,419
Caesars Entertainment Resort Properties LLC/Caesars Entertainment Resort Properties
8.00%, 10/01/20 (Call 03/03/17)		USD	75		77,813
11.00%, 10/01/21 (Call 03/03/17)		USD	100		108,250
CalAtlantic Group Inc.
8.38%, 05/15/18		USD	100		107,314
California Resources Corp.
8.00%, 12/15/22 (Call 12/15/18)^a		USD	330		292,462
Calpine Corp.
5.25%, 06/01/26 (Call 06/01/21)^a,b		USD	100		100,000
5.38%, 01/15/23 (Call 10/15/18)^b		USD	225		222,750
5.50%, 02/01/24 (Call 02/01/19)^b		USD	50		48,969
5.75%, 01/15/25 (Call 10/15/19)^b		USD	250		245,000
5.88%, 01/15/24 (Call 11/01/18)^a		USD	75		78,547


36

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
6.00%, 01/15/22 (Call 03/03/17)^a		USD	25	$	26,104
7.88%, 01/15/23 (Call 03/03/17)^a		USD	65		67,912
Calumet Specialty Products Partners LP/Calumet Finance Corp.
6.50%, 04/15/21 (Call 04/15/17)		USD	125		108,437
11.50%, 01/15/21 (Call 04/15/18)^a		USD	75		86,617
Carrizo Oil & Gas Inc.
6.25%, 04/15/23 (Call 04/15/18)^b		USD	80		82,100
7.50%, 09/15/20 (Call 03/03/17)		USD	25		25,969
Catalent Pharma Solutions Inc.
4.75%, 12/15/24 (Call 12/15/19)^c		EUR	100		113,102
CBS Radio Inc.
7.25%, 11/01/24 (Call 11/01/19)^a,b		USD	50		52,125
CCO Holdings LLC/CCO Holdings Capital Corp.
5.13%, 02/15/23 (Call 02/15/18)^b		USD	100		103,500
5.13%, 05/01/23 (Call 05/01/18)^a		USD	125		130,000
5.13%, 05/01/27 (Call 05/01/22)^a		USD	50		50,938
5.25%, 03/15/21 (Call 03/03/17)^b		USD	50		51,556
5.25%, 09/30/22 (Call 09/30/17)		USD	150		155,283
5.38%, 05/01/25 (Call 05/01/20)^a		USD	200		207,969
5.50%, 05/01/26 (Call 05/01/21)^a		USD	150		157,125
5.75%, 09/01/23 (Call 03/01/18)		USD	50		52,399
5.75%, 01/15/24 (Call 07/15/18)		USD	75		78,844
5.75%, 02/15/26 (Call 02/15/21)^a		USD	350		370,016
5.88%, 04/01/24 (Call 04/01/19)^a		USD	250		267,922


Security	Principal (000s)			Value
5.88%, 05/01/27 (Call 05/01/21)^a		USD	150	$	159,328
6.63%, 01/31/22 (Call 02/16/17)		USD	50		51,728
CDW LLC/CDW Finance Corp.
5.00%, 09/01/23 (Call 03/01/18)		USD	100		101,693
5.50%, 12/01/24 (Call 06/01/24)		USD	50		52,250
6.00%, 08/15/22 (Call 08/15/17)		USD	50		52,846
Centene Corp.
4.75%, 05/15/22 (Call 05/15/19)		USD	150		152,051
4.75%, 01/15/25 (Call 01/15/20)		USD	210		207,243
5.63%, 02/15/21 (Call 02/15/18)		USD	180		188,775
6.13%, 02/15/24 (Call 02/15/19)^b		USD	75		79,426
CenturyLink Inc.
5.63%, 04/01/25 (Call 01/01/25)^b		USD	50		47,652
5.80%, 03/15/22^b		USD	250		256,172
6.45%, 06/15/21		USD	150		159,363
Series V
5.63%, 04/01/20		USD	175		185,153
Series W
6.75%, 12/01/23		USD	150		154,687
Series Y
7.50%, 04/01/24 (Call 01/01/24)^b		USD	125		132,097
Cequel Communications Holdings I LLC/Cequel Capital Corp.
5.13%, 12/15/21 (Call 03/03/17)^a,b		USD	50		50,688
5.13%, 12/15/21 (Call 03/03/17)^a		USD	100		101,375
6.38%, 09/15/20 (Call 03/03/17)^a		USD	200		205,806
CF Industries Inc.
3.45%, 06/01/23		USD	100		93,726
7.13%, 05/01/20		USD	25		27,561


			37

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
Chemours Co. (The)
6.13%, 05/15/23 (Call 05/15/18)		EUR	100	$	108,201
6.63%, 05/15/23 (Call 05/15/18)		USD	150		149,250
7.00%, 05/15/25 (Call 05/15/20)		USD	100		99,204
Cheniere Corpus Christi Holdings LLC
5.88%, 03/31/25^a		USD	255		269,144
7.00%, 06/30/24^a		USD	200		224,000
Chesapeake Energy Corp.
8.00%, 12/15/22 (Call 12/15/18)^a,b		USD	390		416,812
8.00%, 01/15/25 (Call 01/15/20)^a		USD	110		112,969
CHS/Community Health Systems Inc.
5.13%, 08/15/18 (Call 03/03/17)^b		USD	71		71,222
5.13%, 08/01/21 (Call 03/03/17)^b		USD	125		117,562
6.88%, 02/01/22 (Call 02/01/18)		USD	400		292,000
7.13%, 07/15/20 (Call 03/03/17)^b		USD	150		123,562
8.00%, 11/15/19 (Call 03/03/17)^b		USD	300		263,532
Cinemark USA Inc.
4.88%, 06/01/23 (Call 06/01/18)		USD	100		100,240
5.13%, 12/15/22 (Call 12/15/17)		USD	25		25,704
CIT Group Inc.
3.88%, 02/19/19		USD	100		102,125
5.00%, 08/15/22		USD	200		209,250
5.00%, 08/01/23^b		USD	100		104,104
5.25%, 03/15/18		USD	150		154,654
5.38%, 05/15/20		USD	150		159,562
5.50%, 02/15/19^a		USD	300		315,624
6.63%, 04/01/18^a		USD	50		52,433
Citgo Holding Inc.
10.75%, 02/15/20^a		USD	225		241,400
Claire’s Stores Inc.
9.00%, 03/15/19 (Call 03/03/17)^a		USD	100		48,250


Security	Principal (000s)			Value
Clean Harbors Inc.
5.13%, 06/01/21 (Call 03/03/17)		USD	150	$	153,614
5.25%, 08/01/20 (Call 03/03/17)		USD	50		51,036
Clear Channel Worldwide Holdings Inc.
6.50%, 11/15/22 (Call 11/15/17)		USD	250		260,000
6.50%, 11/15/22 (Call 11/15/17)^b		USD	100		101,150
Series B
7.63%, 03/15/20 (Call 03/03/17)		USD	300		301,500
Cliffs Natural Resources Inc.
7.75%, 03/31/20 (Call 03/31/17)^a		USD	32		32,977
8.25%, 03/31/20 (Call 03/31/18)^a		USD	150		162,000
CNH Industrial Capital LLC
3.38%, 07/15/19		USD	100		100,874
3.63%, 04/15/18		USD	50		50,667
3.88%, 07/16/18^b		USD	50		50,792
3.88%, 10/15/21		USD	50		49,750
4.38%, 11/06/20		USD	190		195,937
4.88%, 04/01/21		USD	50		52,008
CNH Industrial Finance Europe SA
2.75%, 03/18/19^c		EUR	300		336,600
2.88%, 09/27/21^c		EUR	100		114,074
Commercial Metals Co.
7.35%, 08/15/18		USD	50		53,289
CommScope Inc.
4.38%, 06/15/20 (Call 06/15/17)^a		USD	50		51,320
5.00%, 06/15/21 (Call 06/15/17)^a		USD	50		51,457
5.50%, 06/15/24 (Call 06/15/19)^a		USD	100		102,997
CommScope Technologies Finance LLC
6.00%, 06/15/25 (Call 06/15/20)^a		USD	230		245,095
Communications Sales & Leasing Inc./CSL Capital LLC
6.00%, 04/15/23 (Call 04/15/18)^a,b		USD	50		52,293
7.13%, 12/15/24 (Call 12/15/19)^a		USD	75		76,099
8.25%, 10/15/23 (Call 04/15/19)		USD	150		162,262


38

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
Concho Resources Inc.
4.38%, 01/15/25 (Call 01/15/20)		USD	75	$	76,500
5.50%, 10/01/22 (Call 10/01/17)^b		USD	50		51,938
5.50%, 04/01/23 (Call 10/01/17)^b		USD	225		232,875
CONSOL Energy Inc.
5.88%, 04/15/22 (Call 04/15/17)		USD	250		241,673
8.00%, 04/01/23 (Call 04/01/18)		USD	125		127,500
Continental Resources Inc./OK
3.80%, 06/01/24 (Call 03/01/24)		USD	125		116,773
4.50%, 04/15/23 (Call 01/15/23)		USD	225		222,236
5.00%, 09/15/22 (Call 03/15/17)^b		USD	325		332,312
Covanta Holding Corp.
5.88%, 03/01/24 (Call 03/01/19)^b		USD	75		74,344
6.38%, 10/01/22 (Call 04/01/17)		USD	100		103,193
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
6.13%, 03/01/22 (Call 02/16/17)		USD	50		51,526
6.25%, 04/01/23 (Call 04/01/18)		USD	150		154,125
Crown Americas LLC/Crown Americas Capital Corp. IV
4.50%, 01/15/23		USD	175		178,719
Crown Americas LLC/Crown Americas Capital Corp. V
4.25%, 09/30/26 (Call 03/31/26)^a,b		USD	50		47,712
Crown European Holdings SA
3.38%, 05/15/25 (Call 11/15/24)^c		EUR	100		109,792
4.00%, 07/15/22 (Call 04/15/22)^c		EUR	100		118,756
CSC Holdings LLC
5.25%, 06/01/24		USD	75		75,469
5.50%, 04/15/27 (Call 04/15/22)^a,b		USD	200		202,750


Security	Principal (000s)			Value
6.75%, 11/15/21		USD	175	$	190,262
8.63%, 02/15/19		USD	50		55,398
10.13%, 01/15/23 (Call 01/15/19)^a,b		USD	200		231,400
10.88%, 10/15/25 (Call 10/15/20)^a		USD	400		476,000
Dana Inc.
5.38%, 09/15/21 (Call 03/03/17)^b		USD	50		51,750
5.50%, 12/15/24 (Call 12/15/19)^b		USD	125		129,828
Darling Global Finance BV
4.75%, 05/30/22 (Call 05/30/18)^c		EUR	100		114,859
DaVita Inc.
5.00%, 05/01/25 (Call 05/01/20)		USD	170		165,920
5.13%, 07/15/24 (Call 07/15/19)		USD	275		271,562
5.75%, 08/15/22 (Call 08/15/17)^b		USD	200		207,750
DCP Midstream Operating LP
3.88%, 03/15/23 (Call 12/15/22)		USD	50		48,250
4.75%, 09/30/21^a,b		USD	50		51,000
5.35%, 03/15/20^a		USD	50		52,333
VRN, (3 mo. LIBOR US + 3.850%)
5.85%, 05/21/43 (Call 05/21/23)^a		USD	100		90,000
Dell Inc.
4.63%, 04/01/21^b		USD	75		76,688
5.65%, 04/15/18		USD	50		51,938
5.88%, 06/15/19		USD	50		53,010
Denbury Resources Inc.
4.63%, 07/15/23 (Call 01/15/18)		USD	75		59,531
5.50%, 05/01/22 (Call 05/01/17)		USD	175		150,762
9.00%, 05/15/21 (Call 12/15/18)^a		USD	50		54,375
Diamond 1 Finance Corp./Diamond 2 Finance Corp.
5.88%, 06/15/21 (Call 06/15/18)^a		USD	225		237,375
7.13%, 06/15/24 (Call 06/15/19)^a,b		USD	250		274,687


			39

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
Diamond Offshore Drilling Inc.
5.88%, 05/01/19^b		USD	50	$	52,130
Diamond Resorts International Inc.
7.75%, 09/01/23 (Call 09/01/19)^a		USD	50		51,938
10.75%, 09/01/24 (Call 09/01/19)^a		USD	75		74,771
Diamondback Energy Inc.
4.75%, 11/01/24 (Call 11/01/19)^a		USD	50		50,400
5.38%, 05/31/25 (Call 05/31/20)^a,b		USD	60		61,950
DISH DBS Corp.
4.25%, 04/01/18		USD	100		102,125
5.00%, 03/15/23^b		USD	200		196,250
5.13%, 05/01/20		USD	225		231,424
5.88%, 07/15/22		USD	250		260,187
5.88%, 11/15/24		USD	300		303,000
6.75%, 06/01/21		USD	350		376,152
7.75%, 07/01/26		USD	250		279,719
7.88%, 09/01/19		USD	150		165,187
DJO Finco Inc./DJO Finance LLC/DJO Finance Corp.
8.13%, 06/15/21 (Call 06/15/18)^a		USD	150		130,629
Dollar Tree Inc.
5.25%, 03/01/20 (Call 03/03/17)		USD	150		154,162
5.75%, 03/01/23 (Call 03/01/18)^b		USD	300		318,060
DPL Inc.
7.25%, 10/15/21 (Call 07/15/21)		USD	50		52,075
Dynegy Inc.
5.88%, 06/01/23 (Call 06/01/18)		USD	50		45,465
6.75%, 11/01/19 (Call 05/01/17)		USD	350		359,554
7.38%, 11/01/22 (Call 11/01/18)		USD	275		272,250
7.63%, 11/01/24 (Call 11/01/19)		USD	175		166,277
8.00%, 01/15/25 (Call 01/15/20)^a,b		USD	100		95,790


Security	Principal (000s)			Value
Edgewell Personal Care Co.
4.70%, 05/19/21		USD	50	$	52,429
4.70%, 05/24/22		USD	50		51,750
EMC Corp.
2.65%, 06/01/20		USD	275		266,750
Endo Finance LLC
5.75%, 01/15/22 (Call 03/03/17)^a,b		USD	100		87,000
Endo Finance LLC/Endo Finco Inc.
5.38%, 01/15/23 (Call 07/15/17)^a		USD	150		125,625
Endo Ltd./Endo Finance LLC/Endo Finco Inc.
6.00%, 07/15/23 (Call 07/15/18)^a		USD	200		170,534
6.00%, 02/01/25 (Call 02/01/20)^a		USD	200		162,750
Energy Transfer Equity LP
5.50%, 06/01/27 (Call 03/01/27)		USD	125		129,187
5.88%, 01/15/24 (Call 10/15/23)^b		USD	200		213,278
7.50%, 10/15/20		USD	150		168,375
EnLink Midstream Partners LP
4.15%, 06/01/25 (Call 03/01/25)		USD	100		97,918
4.40%, 04/01/24 (Call 01/01/24)		USD	50		50,303
4.85%, 07/15/26 (Call 04/15/26)		USD	75		76,906
Ensco PLC
4.50%, 10/01/24 (Call 07/01/24)		USD	100		89,500
5.20%, 03/15/25 (Call 12/15/24)^b		USD	75		68,320
Envision Healthcare Corp.
5.13%, 07/01/22 (Call 07/01/17)^a,b		USD	50		50,896
5.63%, 07/15/22 (Call 07/15/17)		USD	225		232,477
6.25%, 12/01/24 (Call 12/01/19)^a		USD	85		88,825
EP Energy LLC/Everest Acquisition Finance Inc.
6.38%, 06/15/23 (Call 06/15/18)		USD	50		43,360


40

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
8.00%, 11/29/24 (Call 11/30/19)^a,b		USD	100	$	107,500
9.38%, 05/01/20 (Call 03/03/17)		USD	225		226,125
Equinix Inc.
4.88%, 04/01/20 (Call 04/01/17)^b		USD	25		25,763
5.38%, 01/01/22 (Call 01/01/18)		USD	80		84,533
5.38%, 04/01/23 (Call 04/01/18)		USD	150		156,709
5.75%, 01/01/25 (Call 01/01/20)^b		USD	50		52,865
5.88%, 01/15/26 (Call 01/15/21)		USD	225		239,344
ESH Hospitality Inc.
5.25%, 05/01/25 (Call 05/01/20)^a		USD	155		155,171
Felcor Lodging LP
5.63%, 03/01/23 (Call 03/01/18)		USD	50		51,472
6.00%, 06/01/25 (Call 06/01/20)		USD	75		78,450
Ferrellgas LP/Ferrellgas Finance Corp.
6.50%, 05/01/21 (Call 03/03/17)^b		USD	50		50,363
6.75%, 01/15/22 (Call 03/03/17)^b		USD	50		50,375
6.75%, 06/15/23 (Call 06/15/19)		USD	75		74,681
Fifth Third Bancorp.
VRN, (3 mo. LIBOR US + 3.033%)
5.10%, 12/29/49 (Call 06/30/23)		USD	50		47,775
First Data Corp.
5.00%, 01/15/24 (Call 01/15/19)^a		USD	240		242,910
5.38%, 08/15/23 (Call 08/15/18)^a		USD	300		309,245
5.75%, 01/15/24 (Call 01/15/19)^a		USD	235		241,988
6.75%, 11/01/20 (Call 02/03/17)^a,b		USD	28		28,934
7.00%, 12/01/23 (Call 12/01/18)^a		USD	475		503,737


Security	Principal (000s)			Value
Florida East Coast Holdings Corp.
6.75%, 05/01/19 (Call 03/03/17)^a		USD	125	$	128,516
Freeport-McMoRan Inc.
2.38%, 03/15/18		USD	150		149,550
3.10%, 03/15/20^b		USD	131		129,690
3.55%, 03/01/22 (Call 12/01/21)		USD	275		257,125
3.88%, 03/15/23 (Call 12/15/22)		USD	250		230,937
4.00%, 11/14/21		USD	50		48,625
4.55%, 11/14/24 (Call 08/14/24)^b		USD	125		117,344
6.50%, 11/15/20 (Call 03/03/17)^a		USD	200		205,062
6.75%, 02/01/22 (Call 02/01/18)^a		USD	50		52,063
6.88%, 02/15/23 (Call 02/15/20)^a,b		USD	175		182,437
Frontier Communications Corp.
6.25%, 09/15/21 (Call 06/15/21)^b		USD	200		187,000
6.88%, 01/15/25 (Call 10/15/24)		USD	100		83,625
7.13%, 03/15/19		USD	50		53,262
7.13%, 01/15/23		USD	150		134,531
7.63%, 04/15/24		USD	100		88,194
8.13%, 10/01/18		USD	50		53,969
8.50%, 04/15/20^b		USD	100		106,360
8.75%, 04/15/22^b		USD	50		50,401
8.88%, 09/15/20 (Call 06/15/20)		USD	175		186,812
9.25%, 07/01/21		USD	50		51,875
10.50%, 09/15/22 (Call 06/15/22)		USD	300		311,250
11.00%, 09/15/25 (Call 06/15/25)		USD	500		507,500
Gates Global LLC/Gates Global Co.
6.00%, 07/15/22 (Call 07/15/17)^a		USD	175		173,031
Genesis Energy LP/Genesis Energy Finance Corp.
6.00%, 05/15/23 (Call 05/15/18)		USD	50		51,534
6.75%, 08/01/22 (Call 08/01/18)		USD	100		106,000


			41

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
GenOn Energy Inc.
9.50%, 10/15/18		USD	50	$	37,819
9.88%, 10/15/20 (Call 03/03/17)^b		USD	50		36,932
Genworth Holdings Inc.
4.80%, 02/15/24		USD	50		40,703
4.90%, 08/15/23		USD	75		61,668
6.52%, 05/22/18^b		USD	50		48,931
7.20%, 02/15/21		USD	125		115,312
7.63%, 09/24/21		USD	100		92,401
7.70%, 06/15/20		USD	50		48,097
GLP Capital LP/GLP Financing II Inc.
4.38%, 11/01/18 (Call 08/01/18)		USD	50		51,470
4.38%, 04/15/21		USD	50		51,936
4.88%, 11/01/20 (Call 08/01/20)		USD	125		131,250
5.38%, 11/01/23 (Call 08/01/23)		USD	150		160,875
5.38%, 04/15/26		USD	150		156,480
Goodyear Tire & Rubber Co. (The)
5.00%, 05/31/26 (Call 05/31/21)		USD	100		100,601
5.13%, 11/15/23 (Call 11/15/18)^b		USD	125		128,273
7.00%, 05/15/22 (Call 05/15/17)		USD	50		52,336
Gray Television Inc.
5.13%, 10/15/24 (Call 10/15/19)^a,b		USD	100		98,250
5.88%, 07/15/26 (Call 07/15/21)^a,b		USD	55		54,381
Gulfport Energy Corp.
6.00%, 10/15/24 (Call 10/15/19)^a		USD	75		76,322
6.38%, 05/15/25 (Call 05/15/20)^a,b		USD	60		61,533
Hanesbrands Finance Luxembourg SCA
3.50%, 06/15/24 (Call 03/15/24)^c		EUR	100		111,404
Hanesbrands Inc.
4.63%, 05/15/24 (Call 02/15/24)^a		USD	175		173,429
4.88%, 05/15/26 (Call 02/15/26)^a,b		USD	125		123,362


Security	Principal (000s)			Value
Harland Clarke Holdings Corp.
9.25%, 03/01/21 (Call 03/03/17)^a		USD	125	$	115,156
HCA Holdings Inc.
6.25%, 02/15/21		USD	175		187,687
HCA Inc.
3.75%, 03/15/19		USD	200		203,655
4.25%, 10/15/19		USD	50		51,712
4.50%, 02/15/27 (Call 08/15/26)		USD	180		177,525
4.75%, 05/01/23		USD	250		259,062
5.00%, 03/15/24		USD	250		260,052
5.25%, 04/15/25		USD	150		157,651
5.25%, 06/15/26 (Call 12/15/25)		USD	240		249,511
5.38%, 02/01/25		USD	375		381,998
5.88%, 03/15/22^b		USD	200		217,030
5.88%, 05/01/23		USD	200		213,000
5.88%, 02/15/26 (Call 08/15/25)		USD	225		234,155
6.50%, 02/15/20		USD	450		491,062
7.50%, 02/15/22		USD	250		285,075
HD Supply Inc.
5.25%, 12/15/21 (Call 12/15/17)^a		USD	150		157,840
5.75%, 04/15/24 (Call 04/15/19)^a		USD	200		210,250
HealthSouth Corp.
5.75%, 11/01/24 (Call 11/01/17)^b		USD	225		227,994
Herc Rentals Inc.
7.50%, 06/01/22 (Call 06/01/19)^a		USD	100		107,903
7.75%, 06/01/24 (Call 06/01/19)^a		USD	100		108,000
Hertz Corp. (The)
5.50%, 10/15/24 (Call 10/15/19)^a^,b		USD	100		84,375
5.88%, 10/15/20 (Call 03/03/17)		USD	100		94,519
6.25%, 10/15/22 (Call 10/15/17)^b		USD	100		90,625
6.75%, 04/15/19 (Call 03/03/17)^b		USD	54		53,669
7.38%, 01/15/21 (Call 03/03/17)		USD	50		48,172


42

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
Hertz Holdings Netherlands BV
4.38%, 01/15/19^c		EUR	100	$	110,302
Hexion Inc.
6.63%, 04/15/20 (Call 03/03/17)		USD	275		254,344
8.88%, 02/01/18 (Call 03/03/17)		USD	75		75,188
Hexion Inc./Hexion Nova Scotia Finance ULC
9.00%, 11/15/20 (Call 03/03/17)		USD	50		41,222
Hilcorp Energy I LP/Hilcorp Finance Co.
5.00%, 12/01/24 (Call 06/01/19)^a,b		USD	50		49,125
5.75%, 10/01/25 (Call 04/01/20)^a		USD	100		100,875
Hilton Domestic Operating Co. Inc.
4.25%, 09/01/24 (Call 09/01/19)^a,b		USD	200		196,650
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.
5.63%, 10/15/21 (Call 02/16/17)		USD	200		206,000
Hologic Inc.
5.25%, 07/15/22 (Call 07/15/18)^a		USD	175		182,517
HRG Group Inc.
7.75%, 01/15/22 (Call 03/03/17)		USD	175		183,969
7.88%, 07/15/19 (Call 03/03/17)		USD	50		52,628
HUB International Ltd.
7.88%, 10/01/21 (Call 03/03/17)^a		USD	150		156,562
Hughes Satellite Systems Corp.
5.25%, 08/01/26^a		USD	85		85,117
6.50%, 06/15/19		USD	90		97,218
6.63%, 08/01/26^a,b		USD	90		93,127
7.63%, 06/15/21		USD	175		191,973
Huntington Ingalls Industries Inc.
5.00%, 12/15/21 (Call 12/15/17)^a		USD	50		52,144
5.00%, 11/15/25 (Call 11/15/20)^a		USD	150		155,942


Security	Principal (000s)			Value
Huntsman International LLC
4.88%, 11/15/20 (Call 08/15/20)		USD	75	$	77,813
5.13%, 04/15/21 (Call 01/15/21)		EUR	100		117,675
5.13%, 11/15/22 (Call 08/15/22)^b		USD	50		51,750
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.88%, 03/15/19 (Call 03/03/17)^b		USD	150		151,939
5.88%, 02/01/22 (Call 08/01/17)^b		USD	175		175,164
6.00%, 08/01/20 (Call 03/03/17)		USD	175		178,719
6.25%, 02/01/22 (Call 02/01/19)^a		USD	125		125,937
6.75%, 02/01/24 (Call 02/01/20)^a		USD	75		74,738
iHeartCommunications Inc.
9.00%, 12/15/19 (Call 03/03/17)		USD	225		188,859
9.00%, 03/01/21 (Call 03/03/17)		USD	250		187,500
9.00%, 09/15/22 (Call 09/15/17)		USD	150		112,625
10.00%, 01/15/18 (Call 03/03/17)		USD	50		39,109
10.63%, 03/15/23 (Call 03/15/18)		USD	125		98,332
11.25%, 03/01/21 (Call 03/03/17)		USD	50		39,250
Infor U.S. Inc.
5.75%, 08/15/20 (Call 08/15/17)^a		USD	50		52,000
6.50%, 05/15/22 (Call 05/15/18)		USD	250		256,011
International Game Technology
7.50%, 06/15/19^b		USD	125		138,204
International Game Technology PLC
4.75%, 03/05/20^c		EUR	100		119,527
4.75%, 02/15/23 (Call 08/15/22)^c		EUR	100		118,027
6.25%, 02/15/22 (Call 08/15/21)^a		USD	250		266,562


			43

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
6.50%, 02/15/25 (Call 08/15/24)^a		USD	200	$	216,250
inVentiv Group Holdings Inc./inVentiv Health Inc./inVentiv Health Clinical Inc.
7.50%, 10/01/24 (Call 10/01/19)^a		USD	100		105,000
IPALCO Enterprises Inc.
3.45%, 07/15/20 (Call 06/15/20)		USD	200		201,500
Iron Mountain Inc.
5.75%, 08/15/24 (Call 08/15/17)^b		USD	200		204,500
6.00%, 10/01/20 (Call 10/01/17)^a		USD	100		104,680
6.00%, 08/15/23 (Call 08/15/18)		USD	100		105,500
iStar Inc.
5.00%, 07/01/19 (Call 03/03/17)		USD	100		101,438
Jack Ohio Finance LLC/Jack Ohio Finance 1 Corp.
6.75%, 11/15/21 (Call 11/15/18)^a		USD	100		102,500
Jaguar Holding Co. II/Pharmaceutical Product Development LLC
6.38%, 08/01/23 (Call 08/01/18)^a		USD	100		106,000
JC Penney Corp. Inc.
5.65%, 06/01/20^b		USD	25		24,594
5.88%, 07/01/23 (Call 07/01/19)^a		USD	50		50,875
8.13%, 10/01/19		USD	75		79,406
K. Hovnanian Enterprises Inc.
7.25%, 10/15/20 (Call 03/03/17)^a,b		USD	100		96,730
KB Home
4.75%, 05/15/19 (Call 02/15/19)		USD	75		76,646
7.00%, 12/15/21 (Call 09/15/21)		USD	50		53,656
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC
5.00%, 06/01/24 (Call 06/01/19)^a		USD	200		203,750
5.25%, 06/01/26 (Call 06/01/21)^a		USD	125		126,565


Security	Principal (000s)			Value
Kindred Healthcare Inc.
6.38%, 04/15/22 (Call 04/15/17)^b		USD	50	$	43,438
8.00%, 01/15/20		USD	100		98,529
8.75%, 01/15/23 (Call 01/15/18)^b		USD	100		90,827
Kinetic Concepts Inc./KCI USA Inc.
7.88%, 02/15/21 (Call 02/15/18)^a		USD	50		54,063
9.63%, 10/01/21 (Call 10/01/18)^a		USD	200		214,418
12.50%, 11/01/21 (Call 05/01/19)^a,b		USD	50		55,620
KLX Inc.
5.88%, 12/01/22 (Call 12/01/17)^a		USD	200		209,428
Kronos Acquisition Holdings Inc.
9.00%, 08/15/23 (Call 08/15/18)^a		USD	75		76,219
L Brands Inc.
5.63%, 02/15/22^b		USD	125		130,985
5.63%, 10/15/23^b		USD	100		104,125
6.63%, 04/01/21		USD	175		192,172
7.00%, 05/01/20		USD	25		27,563
8.50%, 06/15/19		USD	50		56,217
Lamar Media Corp.
5.00%, 05/01/23 (Call 05/01/18)		USD	50		51,393
5.38%, 01/15/24 (Call 01/15/19)		USD	50		52,066
5.88%, 02/01/22 (Call 03/03/17)		USD	75		77,279
Series WI
5.75%, 02/01/26 (Call 02/01/21)		USD	75		79,671
Lamb Weston Holdings Inc.
4.63%, 11/01/24 (Call 11/01/21)^a		USD	100		100,250
4.88%, 11/01/26 (Call 11/01/21)^a		USD	100		100,036
Laredo Petroleum Inc.
5.63%, 01/15/22 (Call 03/03/17)^b		USD	25		25,393
7.38%, 05/01/22 (Call 05/01/17)^b		USD	100		104,098


44

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
Laureate Education Inc.
10.00%, 09/01/19 (Call 03/03/17)^a		USD	150	$	156,498
Leidos Holdings Inc.
4.45%, 12/01/20 (Call 09/01/20)		USD	50		51,945
Lennar Corp.
4.13%, 01/15/22 (Call 10/15/21)		USD	80		80,676
4.50%, 06/15/19 (Call 04/16/19)		USD	25		25,772
4.50%, 11/15/19 (Call 08/15/19)		USD	50		51,688
4.75%, 04/01/21 (Call 02/01/21)		USD	140		145,104
4.75%, 11/15/22 (Call 08/15/22)		USD	50		51,438
4.75%, 05/30/25 (Call 02/28/25)		USD	50		50,214
4.88%, 12/15/23 (Call 09/15/23)		USD	130		132,600
Leucadia National Corp.
5.50%, 10/18/23 (Call 01/18/23)		USD	200		213,249
Level 3 Communications Inc.
5.75%, 12/01/22 (Call 12/01/17)		USD	200		206,472
Level 3 Financing Inc.
5.13%, 05/01/23 (Call 05/01/18)		USD	100		101,191
5.25%, 03/15/26 (Call 03/15/21)^a		USD	105		104,344
5.38%, 08/15/22 (Call 08/15/17)		USD	125		129,219
5.38%, 01/15/24 (Call 01/15/19)		USD	125		126,719
5.38%, 05/01/25 (Call 05/01/20)^b		USD	75		76,547
5.63%, 02/01/23 (Call 02/01/18)		USD	50		51,201
6.13%, 01/15/21 (Call 03/03/17)		USD	50		51,689
Levi Strauss & Co.
5.00%, 05/01/25 (Call 05/01/20)^b		USD	100		100,375
6.88%, 05/01/22 (Call 05/01/17)		USD	50		52,063


Security	Principal (000s)			Value
LifePoint Health Inc.
5.38%, 05/01/24 (Call 05/01/19)^a,b		USD	75	$	71,521
5.50%, 12/01/21 (Call 03/03/17)^b		USD	175		179,446
5.88%, 12/01/23 (Call 12/01/18)^b		USD	40		39,831
LKQ Italia Bondco SpA
3.88%, 04/01/24 (Call 01/01/24)^c		EUR	100		114,032
Mallinckrodt International Finance SA
4.75%, 04/15/23		USD	100		82,500
Mallinckrodt International Finance SA/Mallinckrodt CB LLC
4.88%, 04/15/20 (Call 04/15/17)^a,b		USD	150		148,500
5.50%, 04/15/25 (Call 04/15/20)^a,b		USD	100		86,125
5.63%, 10/15/23 (Call 10/15/18)^a,b		USD	100		88,567
5.75%, 08/01/22 (Call 08/01/17)^a,b		USD	100		92,088
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer Inc.
4.50%, 09/01/26 (Call 06/01/26)^a		USD	75		72,000
5.63%, 05/01/24 (Call 02/01/24)^a		USD	200		209,119
MGM Resorts International
4.63%, 09/01/26 (Call 06/01/26)		USD	75		72,622
5.25%, 03/31/20^b		USD	50		52,548
6.00%, 03/15/23		USD	200		215,089
6.63%, 12/15/21		USD	250		277,967
6.75%, 10/01/20		USD	100		110,750
7.75%, 03/15/22		USD	100		116,345
8.63%, 02/01/19		USD	100		111,229
11.38%, 03/01/18		USD	50		54,849
Michaels Stores Inc.
5.88%, 12/15/20 (Call 03/03/17)^a		USD	50		51,515
Micron Technology Inc.
5.25%, 08/01/23 (Call 02/01/18)^a		USD	200		201,000
5.25%, 01/15/24 (Call 05/01/18)^a		USD	50		50,021
5.50%, 02/01/25 (Call 08/01/19)		USD	190		190,950
5.63%, 01/15/26 (Call 05/01/20)^a,b		USD	25		24,845
5.88%, 02/15/22 (Call 03/03/17)^b		USD	50		51,781


			45

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
MPH Acquisition Holdings LLC
7.13%, 06/01/24 (Call 06/01/19)^a		USD	250	$	264,665
MPT Operating Partnership LP/MPT Finance Corp.
4.00%, 08/19/22 (Call 05/19/22)		EUR	100		114,123
5.25%, 08/01/26 (Call 08/01/21)		USD	100		98,277
6.38%, 03/01/24 (Call 03/01/19)		USD	50		52,733
MSCI Inc.
4.75%, 08/01/26 (Call 08/01/21)^a,b		USD	75		74,775
5.25%, 11/15/24 (Call 11/15/19)^a		USD	75		78,094
5.75%, 08/15/25 (Call 08/15/20)^a		USD	175		185,391
Murphy Oil Corp.
4.00%, 06/01/22 (Call 03/01/22)		USD	75		72,305
4.70%, 12/01/22 (Call 09/01/22)		USD	50		49,094
6.88%, 08/15/24 (Call 08/15/19)^b		USD	100		107,000
Murray Energy Corp.
11.25%, 04/15/21 (Call 04/15/18)^a		USD	150		108,937
Nabors Industries Inc.
4.63%, 09/15/21		USD	100		101,750
5.00%, 09/15/20		USD	150		155,437
5.50%, 01/15/23 (Call 11/15/22)^a		USD	50		52,167
Nationstar Mortgage LLC/Nationstar Capital Corp.
6.50%, 08/01/18 (Call 03/03/17)		USD	50		50,750
6.50%, 07/01/21 (Call 03/03/17)		USD	75		76,366
7.88%, 10/01/20 (Call 03/03/17)		USD	50		51,869
Nature’s Bounty Co. (The)
7.63%, 05/15/21 (Call 05/15/18)^a,b		USD	140		147,245
Navient Corp.
4.88%, 06/17/19		USD	200		201,500
5.00%, 10/26/20		USD	50		49,575
5.50%, 01/15/19		USD	100		102,250
5.50%, 01/25/23^b		USD	100		93,500
5.88%, 03/25/21		USD	50		49,875
5.88%, 10/25/24		USD	75		69,375
6.13%, 03/25/24^b		USD	175		164,937
6.63%, 07/26/21		USD	125		126,875
7.25%, 01/25/22^b		USD	50		51,500
7.25%, 09/25/23		USD	50		50,375
8.00%, 03/25/20		USD	300		321,750
8.45%, 06/15/18		USD	200		213,000


Security	Principal (000s)			Value
Navios Maritime Holdings Inc./Navios Maritime Finance II U.S. Inc.
7.38%, 01/15/22 (Call 03/03/17)^a		USD	50	$	34,563
Navistar International Corp.
8.25%, 11/01/21 (Call 03/03/17)		USD	200		202,000
NCL Corp. Ltd.
4.63%, 11/15/20 (Call 11/15/17)^a		USD	100		102,225
4.75%, 12/15/21 (Call 12/15/18)^a		USD	75		75,494
NCR Corp.
4.63%, 02/15/21 (Call 03/03/17)		USD	150		152,613
5.00%, 07/15/22 (Call 07/15/17)		USD	50		51,154
5.88%, 12/15/21 (Call 12/15/17)		USD	75		78,281
6.38%, 12/15/23 (Call 12/15/18)^b		USD	75		80,250
Neiman Marcus Group Ltd. LLC
8.00%, 10/15/21 (Call 03/03/17)^a,b		USD	75		46,500
Netflix Inc.
4.38%, 11/15/26^a		USD	140		137,375
5.38%, 02/01/21		USD	100		107,107
5.50%, 02/15/22^b		USD	150		160,567
5.75%, 03/01/24		USD	50		53,602
5.88%, 02/15/25		USD	75		80,813
Newfield Exploration Co.
5.38%, 01/01/26 (Call 10/01/25)^b		USD	100		103,500
5.63%, 07/01/24^b		USD	175		184,516
5.75%, 01/30/22		USD	75		79,583
Nexstar Escrow Corp.
5.63%, 08/01/24 (Call 08/01/19)^a,b		USD	150		149,437
NGL Energy Partners LP/NGL Energy Finance Corp.
7.50%, 11/01/23 (Call 11/01/19)^a		USD	100		105,250
NGPL PipeCo LLC
9.63%, 06/01/19 (Call 03/03/17)^a		USD	50		52,205
Nielsen Co. Luxembourg Sarl (The)
5.00%, 02/01/25 (Call 02/01/20)^a		USD	50		49,688
5.50%, 10/01/21 (Call 03/03/17)^a		USD	150		156,187


46

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
Nielsen Finance LLC/Nielsen Finance Co.
4.50%, 10/01/20 (Call 03/03/17)		USD	75	$	76,688
5.00%, 04/15/22 (Call 04/15/17)^a,b		USD	275		280,844
Noble Holding International Ltd.
7.20%, 04/01/25 (Call 01/01/25)^b		USD	50		49,500
Novelis Corp.
5.88%, 09/30/26 (Call 09/30/21)^a		USD	250		254,633
6.25%, 08/15/24 (Call 08/15/19)^a		USD	150		158,876
NRG Energy Inc.
6.25%, 07/15/22 (Call 07/15/18)^b		USD	250		257,500
6.25%, 05/01/24 (Call 05/01/19)^b		USD	75		75,750
6.63%, 03/15/23 (Call 09/15/17)		USD	75		77,250
6.63%, 01/15/27 (Call 07/15/21)^a		USD	200		199,000
7.25%, 05/15/26 (Call 05/15/21)^a,b		USD	185		193,094
7.88%, 05/15/21 (Call 03/03/17)^b		USD	30		31,125
Nuance Communications Inc.
5.38%, 08/15/20 (Call 03/03/17)^a		USD	43		44,031
5.63%, 12/15/26 (Call 12/15/21)^a,b		USD	50		49,728
NuStar Logistics LP
4.80%, 09/01/20		USD	50		50,722
Oasis Petroleum Inc.
6.88%, 03/15/22 (Call 09/15/17)^b		USD	100		102,750
OI European Group BV
6.75%, 09/15/20^c		EUR	100		129,500
OneMain Financial Holdings LLC
6.75%, 12/15/19 (Call 03/03/17)^a		USD	75		78,094
7.25%, 12/15/21 (Call 12/15/17)^a		USD	75		76,781
ONEOK Inc.
4.25%, 02/01/22 (Call 11/02/21)		USD	150		153,000
7.50%, 09/01/23 (Call 06/01/23)		USD	50		57,990
Ortho-Clinical Diagnostics Inc./Ortho-Clinical Diagnostics SA
6.63%, 05/15/22 (Call 05/15/17)^a		USD	150		135,750


Security	Principal (000s)			Value
Outfront Media Capital LLC/Outfront Media Capital Corp.
5.25%, 02/15/22 (Call 03/03/17)^b		USD	125	$	129,400
5.63%, 02/15/24 (Call 02/15/19)		USD	50		52,042
5.88%, 03/15/25 (Call 09/15/19)		USD	75		78,523
Owens-Brockway Glass Container Inc.
5.00%, 01/15/22^a,b		USD	50		51,375
5.88%, 08/15/23^a		USD	100		105,250
Pacific Drilling SA
5.38%, 06/01/20 (Call 03/03/17)^a		USD	100		50,500
Parsley Energy LLC/Parsley Finance Corp.
5.38%, 01/15/25 (Call 01/15/20)^a		USD	60		61,536
6.25%, 06/01/24 (Call 06/01/19)^a		USD	150		161,250
PBF Holding Co. LLC/PBF Finance Corp.
7.00%, 11/15/23 (Call 11/15/18)^b		USD	65		66,251
Penske Automotive Group Inc.
5.50%, 05/15/26 (Call 05/15/21)		USD	60		59,555
5.75%, 10/01/22 (Call 10/01/17)		USD	100		103,250
Permian Resources LLC
13.00%, 11/30/20 (Call 11/30/18)^a		USD	50		59,088
Permian Resources LLC/AEPB Finance Corp.
7.13%, 11/01/20 (Call 03/03/17)^a		USD	100		85,000
7.38%, 11/01/21 (Call 07/31/17)^a		USD	75		64,280
PetSmart Inc.
7.13%, 03/15/23 (Call 03/15/18)^a,b		USD	300		294,750
Platform Specialty Products Corp.
6.50%, 02/01/22 (Call 02/01/18)^a,b		USD	125		127,187
10.38%, 05/01/21 (Call 05/01/18)^a		USD	50		55,250
Post Holdings Inc.
5.00%, 08/15/26 (Call 08/15/21)^a		USD	300		289,500
6.00%, 12/15/22 (Call 06/15/18)^a		USD	100		104,934
6.75%, 12/01/21 (Call 12/01/17)^a		USD	100		105,667
7.75%, 03/15/24 (Call 09/15/18)^a		USD	75		82,911
8.00%, 07/15/25 (Call 07/15/20)^a		USD	75		84,188


			47

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
Postmedia Network Inc.
8.25%, 07/15/21 (Call 03/02/17)^a		CAD	1	$	454
Pride International Inc.
6.88%, 08/15/20		USD	200		214,124
Prime Security Services Borrower LLC/Prime Finance Inc.
9.25%, 05/15/23 (Call 05/15/19)^a,b		USD	415		449,533
PulteGroup Inc.
4.25%, 03/01/21 (Call 02/01/21)^b		USD	100		102,750
5.00%, 01/15/27 (Call 10/15/26)		USD	75		73,781
5.50%, 03/01/26 (Call 12/01/25)		USD	105		107,231
PVH Corp.
3.63%, 07/15/24 (Call 04/15/24)^c		EUR	100		111,269
QEP Resources Inc.
5.25%, 05/01/23 (Call 02/01/23)		USD	75		74,520
5.38%, 10/01/22 (Call 07/01/22)^b		USD	50		50,465
6.88%, 03/01/21^b		USD	100		106,039
Qorvo Inc.
6.75%, 12/01/23 (Call 12/01/18)^b		USD	25		27,240
7.00%, 12/01/25 (Call 12/01/20)^b		USD	100		110,750
Quicken Loans Inc.
5.75%, 05/01/25 (Call 05/01/20)^a,b		USD	210		202,406
Quintiles IMS Inc.
3.50%, 10/15/24 (Call 10/15/19)^c		EUR	100		112,508
5.00%, 10/15/26 (Call 10/15/21)^a		USD	200		201,332
QVC Inc.
3.13%, 04/01/19		USD	75		75,820
4.38%, 03/15/23^b		USD	100		100,892
4.45%, 02/15/25 (Call 11/15/24)		USD	50		48,454
4.85%, 04/01/24		USD	150		150,275
5.13%, 07/02/22		USD	50		51,867


Security	Principal (000s)			Value
Range Resources Corp.
4.88%, 05/15/25 (Call 02/15/25)		USD	100	$	97,100
5.00%, 08/15/22 (Call 05/15/22)^a		USD	75		75,450
5.00%, 03/15/23 (Call 12/15/22)^a,b		USD	125		124,383
5.75%, 06/01/21 (Call 03/01/21)^a		USD	50		52,445
Realogy Group LLC/Realogy Co-Issuer Corp.
4.50%, 04/15/19^a		USD	50		51,563
4.88%, 06/01/23 (Call 03/01/23)^a,b		USD	100		97,625
5.25%, 12/01/21 (Call 12/01/17)^a		USD	75		77,344
Regal Entertainment Group
5.75%, 03/15/22 (Call 03/15/17)		USD	75		78,199
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC
5.75%, 10/15/20 (Call 03/03/17)		USD	400		411,832
6.88%, 02/15/21 (Call 03/03/17)		USD	65		66,491
8.25%, 02/15/21 (Call 02/15/17)		USD	35		35,702
Rite Aid Corp.
6.13%, 04/01/23 (Call 04/01/18)^a,b		USD	300		314,250
6.75%, 06/15/21 (Call 03/03/17)		USD	75		78,020
9.25%, 03/15/20 (Call 03/03/17)		USD	50		51,813
Rockies Express Pipeline LLC
5.63%, 04/15/20^a		USD	100		105,875
6.00%, 01/15/19^a,b		USD	150		158,208
6.85%, 07/15/18^a		USD	50		52,938
Rowan Companies Inc.
4.75%, 01/15/24 (Call 10/15/23)		USD	25		22,938
4.88%, 06/01/22 (Call 03/01/22)		USD	100		95,125
7.38%, 06/15/25 (Call 03/15/25)		USD	50		52,288
Royal Caribbean Cruises Ltd.
5.25%, 11/15/22^b		USD	50		53,773


48

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
RR Donnelley & Sons Co.
6.00%, 04/01/24		USD	75	$	70,875
7.88%, 03/15/21^b		USD	50		53,357
RSP Permian Inc.
5.25%, 01/15/25 (Call 01/15/20)^a,b		USD	50		51,011
6.63%, 10/01/22 (Call 10/01/17)		USD	100		105,875
Sabine Pass Liquefaction LLC
5.63%, 02/01/21 (Call 11/01/20)		USD	250		270,937
Sabre GLBL Inc.
5.25%, 11/15/23 (Call 11/15/18)^a		USD	50		50,688
Sally Holdings LLC/Sally Capital Inc.
5.63%, 12/01/25 (Call 12/01/20)		USD	80		83,200
5.75%, 06/01/22 (Call 06/01/17)		USD	50		51,875
Sanchez Energy Corp.
6.13%, 01/15/23 (Call 07/15/18)^b		USD	125		120,625
7.75%, 06/15/21 (Call 06/15/17)		USD	150		152,812
SBA Communications Corp.
4.88%, 07/15/22 (Call 07/15/17)		USD	75		75,898
4.88%, 09/01/24 (Call 09/01/19)^a		USD	120		116,865
Scientific Games International Inc.
7.00%, 01/01/22 (Call 01/01/18)^a,b		USD	175		187,469
10.00%, 12/01/22 (Call 12/01/18)		USD	275		282,458
Sealed Air Corp.
4.50%, 09/15/23 (Call 06/15/23)^c		EUR	100		119,571
4.88%, 12/01/22 (Call 09/01/22)^a		USD	50		51,625
5.13%, 12/01/24 (Call 09/01/24)^a		USD	25		25,819
5.25%, 04/01/23 (Call 01/01/23)^a		USD	50		52,045
5.50%, 09/15/25 (Call 06/15/25)^a,b		USD	75		78,938
6.50%, 12/01/20 (Call 09/01/20)^a		USD	50		56,277


Security	Principal (000s)			Value
Service Corp. International/U.S.
5.38%, 01/15/22 (Call 07/15/17)		USD	50	$	51,875
5.38%, 05/15/24 (Call 05/15/19)		USD	100		104,771
ServiceMaster Co. LLC (The)
5.13%, 11/15/24 (Call 11/15/19)^a		USD	75		75,837
Sinclair Television Group Inc.
5.13%, 02/15/27 (Call 08/15/21)^a		USD	75		70,338
5.38%, 04/01/21 (Call 03/03/17)		USD	50		51,172
5.63%, 08/01/24 (Call 08/01/19)^a,b		USD	50		50,750
6.13%, 10/01/22 (Call 10/01/17)^b		USD	150		156,380
Sirius XM Radio Inc.
4.25%, 05/15/20 (Call 03/03/17)^a		USD	50		50,742
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	200		203,446
5.38%, 07/15/26 (Call 07/15/21)^a,b		USD	100		101,449
5.75%, 08/01/21 (Call 03/03/17)^a,b		USD	200		208,750
6.00%, 07/15/24 (Call 07/15/19)^a		USD	175		185,062
SM Energy Co.
5.00%, 01/15/24 (Call 07/15/18)		USD	75		71,063
5.63%, 06/01/25 (Call 06/01/20)		USD	50		48,813
6.13%, 11/15/22 (Call 11/15/18)^b		USD	75		77,438
6.75%, 09/15/26 (Call 09/15/21)^b		USD	75		78,281
Smithfield Foods Inc.
5.25%, 08/01/18 (Call 02/21/17)^a,b		USD	25		25,273
Solera LLC/Solera Finance Inc.
10.50%, 03/01/24 (Call 03/01/19)^a,b		USD	300		341,250
Southwestern Energy Co.
4.10%, 03/15/22 (Call 12/15/21)^b		USD	125		115,937
5.80%, 01/23/20 (Call 12/23/19)		USD	75		77,531
6.70%, 01/23/25 (Call 10/23/24)		USD	150		150,313


			49

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
Spectrum Brands Inc.
4.00%, 10/01/26 (Call 10/01/21)^c		EUR	100	$	111,636
5.75%, 07/15/25 (Call 07/15/20)^b		USD	175		183,094
6.63%, 11/15/22 (Call 11/15/17)		USD	50		53,000
Springleaf Finance Corp.
5.25%, 12/15/19		USD	100		100,615
7.75%, 10/01/21		USD	150		156,375
8.25%, 12/15/20		USD	125		134,219
Sprint Communications Inc.
6.00%, 11/15/22		USD	300		303,750
7.00%, 03/01/20^a		USD	100		108,625
7.00%, 08/15/20		USD	200		214,497
9.00%, 11/15/18^a		USD	325		356,041
11.50%, 11/15/21		USD	100		124,321
Sprint Corp.
7.13%, 06/15/24		USD	350		368,812
7.25%, 09/15/21		USD	400		429,076
7.63%, 02/15/25 (Call 11/15/24)^b		USD	200		214,747
7.88%, 09/15/23		USD	725		790,250
Standard Industries Inc./NJ
5.13%, 02/15/21 (Call 02/15/18)^a		USD	50		52,278
5.38%, 11/15/24 (Call 11/15/19)^a		USD	125		128,817
5.50%, 02/15/23 (Call 02/15/19)^a		USD	50		51,750
6.00%, 10/15/25 (Call 10/15/20)^a		USD	200		211,187
Steel Dynamics Inc.
5.00%, 12/15/26 (Call 12/15/21)^a,b		USD	75		76,520
5.13%, 10/01/21 (Call 10/01/17)		USD	50		51,779
5.25%, 04/15/23 (Call 04/15/18)		USD	50		52,016
5.50%, 10/01/24 (Call 10/01/19)		USD	50		52,915
Suburban Propane Partners LP/Suburban Energy Finance Corp.
5.50%, 06/01/24 (Call 06/01/19)		USD	50		51,000
Sunoco LP/Sunoco Finance Corp.
5.50%, 08/01/20 (Call 08/01/17)		USD	50		51,138
6.25%, 04/15/21 (Call 04/15/18)		USD	175		179,338
6.38%, 04/01/23 (Call 04/01/18)		USD	100		102,775


Security	Principal (000s)			Value
T-Mobile USA Inc.
6.00%, 03/01/23 (Call 09/01/18)		USD	300	$	317,285
6.00%, 04/15/24 (Call 04/15/19)		USD	100		106,476
6.13%, 01/15/22 (Call 01/15/18)^b		USD	400		423,000
6.25%, 04/01/21 (Call 04/01/17)		USD	150		155,300
6.38%, 03/01/25 (Call 09/01/19)^b		USD	225		243,281
6.46%, 04/28/19 (Call 02/13/17)		USD	150		152,325
6.50%, 01/15/24 (Call 01/15/19)^b		USD	100		107,250
6.50%, 01/15/26 (Call 01/15/21)		USD	300		329,287
6.54%, 04/28/20 (Call 02/13/17)		USD	100		102,791
6.63%, 11/15/20 (Call 02/10/17)		USD	50		51,250
6.63%, 04/28/21 (Call 04/28/17)		USD	100		103,900
6.63%, 04/01/23 (Call 04/01/18)		USD	350		371,945
6.73%, 04/28/22 (Call 04/28/17)		USD	100		104,230
6.84%, 04/28/23 (Call 04/28/18)		USD	100		106,712
TA MFG. Ltd.
3.63%, 04/15/23 (Call 04/15/18)^c		EUR	100		110,446
Talen Energy Supply LLC
4.60%, 12/15/21 (Call 09/15/21)^b		USD	100		81,250
4.63%, 07/15/19 (Call 03/03/17)^a,b		USD	225		218,250
6.50%, 06/01/25 (Call 06/01/20)^b		USD	50		40,375
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.13%, 11/15/19 (Call 03/03/17)		USD	50		50,703
4.25%, 11/15/23 (Call 05/15/18)		USD	100		98,250
5.13%, 02/01/25 (Call 02/01/20)^a		USD	145		149,441
5.25%, 05/01/23 (Call 11/01/17)		USD	50		51,385
5.38%, 02/01/27 (Call 02/01/22)^a		USD	50		51,766
6.75%, 03/15/24 (Call 09/15/19)		USD	50		54,750


50

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
Taylor Morrison Communities Inc./Monarch Communities Inc.
5.25%, 04/15/21 (Call 03/03/17)^a		USD	50	$	51,353
TEGNA Inc.
5.13%, 10/15/19 (Call 03/03/17)		USD	125		128,104
5.13%, 07/15/20 (Call 03/03/17)		USD	100		103,444
6.38%, 10/15/23 (Call 10/15/18)		USD	75		79,423
Tempur Sealy International Inc.
5.50%, 06/15/26 (Call 06/15/21)^b		USD	100		98,500
5.63%, 10/15/23 (Call 10/15/18)^b		USD	50		49,944
Tenet Healthcare Corp.
4.38%, 10/01/21		USD	100		100,040
4.50%, 04/01/21		USD	75		75,375
5.00%, 03/01/19		USD	300		294,250
5.50%, 03/01/19		USD	25		24,807
6.00%, 10/01/20		USD	200		210,725
6.25%, 11/01/18		USD	100		105,375
6.75%, 06/15/23^b		USD	300		283,875
7.50%, 01/01/22 (Call 01/01/19)^a		USD	125		133,771
8.00%, 08/01/20 (Call 03/03/17)		USD	150		150,916
8.13%, 04/01/22^b		USD	450		454,500
Terex Corp.
6.00%, 05/15/21 (Call 02/15/17)		USD	26		26,804
TerraForm Power Operating LLC
6.38%, 02/01/23 (Call 02/01/18)^a,d		USD	125		128,164
Tesoro Corp.
4.75%, 12/15/23 (Call 10/15/23)^a		USD	110		113,162
5.13%, 12/15/26 (Call 09/15/26)^a		USD	125		130,312
5.38%, 10/01/22 (Call 10/01/17)^b		USD	50		51,957
Tesoro Logistics LP/Tesoro Logistics Finance Corp.
5.25%, 01/15/25 (Call 01/15/21)		USD	175		182,437
5.50%, 10/15/19 (Call 09/15/19)^b		USD	50		53,125
5.88%, 10/01/20 (Call 03/03/17)		USD	50		51,375
6.13%, 10/15/21 (Call 02/16/17)		USD	50		52,210
6.25%, 10/15/22 (Call 10/15/18)		USD	75		80,063
6.38%, 05/01/24 (Call 05/01/19)		USD	75		81,266


Security	Principal (000s)			Value
Toll Brothers Finance Corp.
5.88%, 02/15/22 (Call 11/15/21)		USD	100	$	108,125
TransDigm Inc.
5.50%, 10/15/20 (Call 03/03/17)		USD	50		50,412
6.00%, 07/15/22 (Call 07/15/17)^b		USD	200		201,500
6.38%, 06/15/26 (Call 06/15/21)^a		USD	100		98,649
6.50%, 07/15/24 (Call 07/15/19)		USD	175		175,691
6.50%, 05/15/25 (Call 05/15/20)		USD	75		75,375
Transocean Inc.
5.55%, 10/15/22 (Call 07/15/22)^b		USD	50		45,632
6.00%, 03/15/18		USD	75		76,429
6.50%, 11/15/20		USD	100		101,220
8.13%, 12/15/21^b		USD	125		129,226
9.00%, 07/15/23 (Call 07/15/20)^a		USD	150		159,384
Transocean Phoenix 2 Ltd.
7.75%, 10/15/24 (Call 10/15/20)^a		USD	100		107,625
Transocean Proteus Ltd.
6.25%, 12/01/24 (Call 12/01/20)^a		USD	150		156,187
TreeHouse Foods Inc.
4.88%, 03/15/22 (Call 03/15/17)		USD	50		51,365
6.00%, 02/15/24 (Call 02/15/19)^a		USD	100		104,250
TRI Pointe Group Inc./TRI Pointe Homes Inc.
4.38%, 06/15/19		USD	50		50,781
5.88%, 06/15/24^b		USD	50		51,688
Tribune Media Co.
5.88%, 07/15/22 (Call 07/15/18)^b		USD	100		101,250
Trinseo Materials Operating SCA/Trinseo Materials Finance Inc.
6.38%, 05/01/22 (Call 05/01/18)^c		EUR	100		115,349
Tronox Finance LLC
6.38%, 08/15/20 (Call 03/03/17)		USD	125		120,156
7.50%, 03/15/22 (Call 03/15/18)^a,b		USD	50		48,750
TRU Taj LLC/TRU Taj Finance Inc.
12.00%, 08/15/21 (Call 02/15/18)^a		USD	75		65,102


			51

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017


Security	Principal (000s)			Value
U.S. Steel Corp.
7.38%, 04/01/20^b		USD	24	$	25,784
7.50%, 03/15/22 (Call 03/15/17)		USD	75		77,626
8.38%, 07/01/21 (Call 07/01/18)^a		USD	175		193,991
United Rentals North America Inc.
4.63%, 07/15/23 (Call 07/15/18)		USD	125		127,459
5.50%, 07/15/25 (Call 07/15/20)^b		USD	75		77,925
5.50%, 05/15/27 (Call 05/15/22)		USD	180		181,448
5.75%, 11/15/24 (Call 05/15/19)^b		USD	175		184,573
5.88%, 09/15/26 (Call 09/15/21)		USD	100		103,667
6.13%, 06/15/23 (Call 12/15/17)		USD	225		237,109
7.63%, 04/15/22 (Call 04/15/17)^b		USD	36		37,767
Univision Communications Inc.
5.13%, 05/15/23 (Call 05/15/18)^a,b		USD	150		149,062
5.13%, 02/15/25 (Call 02/15/20)^a,b		USD	300		286,314
6.75%, 09/15/22 (Call 09/15/17)^a,b		USD	190		199,262
Valeant Pharmaceuticals International Inc.
4.50%, 05/15/23 (Call 05/15/18)^c		EUR	125		100,512
5.38%, 03/15/20 (Call 03/15/17)^a		USD	300		257,422
5.50%, 03/01/23 (Call 03/01/18)^a		USD	200		151,500
5.88%, 05/15/23 (Call 05/15/18)^a,b		USD	425		323,531
6.13%, 04/15/25 (Call 04/15/20)^a,b		USD	450		338,202
6.38%, 10/15/20 (Call 03/03/17)^a		USD	275		241,656
6.75%, 08/15/21 (Call 03/03/17)^a		USD	50		42,108
7.00%, 10/01/20 (Call 03/03/17)^a		USD	150		135,000
7.25%, 07/15/22 (Call 03/03/17)^a		USD	50		42,256


Security	Principal (000s)			Value
VeriSign Inc.
4.63%, 05/01/23 (Call 05/01/18)		USD	150	$	152,211
5.25%, 04/01/25 (Call 01/01/25)		USD	50		51,469
Veritas U.S. Inc./Veritas Bermuda Ltd.
7.50%, 02/01/23 (Call 02/01/19)^a,b		USD	200		191,667
Voya Financial Inc. VRN, (3 mo. LIBOR US + 3.580%)
5.65%, 05/15/53 (Call 05/15/23)		USD	100		100,875
VWR Funding Inc.
4.63%, 04/15/22 (Call 04/15/18)^c		EUR	100		111,810
Weatherford International Ltd.
4.50%, 04/15/22 (Call 01/15/22)^b		USD	105		93,450
7.75%, 06/15/21 (Call 05/15/21)^b		USD	95		97,924
8.25%, 06/15/23 (Call 03/15/23)^b		USD	120		122,827
9.63%, 03/01/19			100		107,417
9.88%, 02/15/24 (Call 11/15/23)^a,b		USD	50		54,235
West Corp.
4.75%, 07/15/21 (Call 07/15/18)^a		USD	100		101,500
5.38%, 07/15/22 (Call 07/15/17)^a		USD	125		120,357
Western Digital Corp.
10.50%, 04/01/24 (Call 04/01/19)^a		USD	425		501,018
Whiting Petroleum Corp.
5.00%, 03/15/19 (Call 12/15/18)		USD	100		101,750
5.75%, 03/15/21 (Call 12/15/20)^b		USD	150		151,219
6.25%, 04/01/23 (Call 01/01/23)		USD	50		50,500
Williams Companies Inc. (The)
3.70%, 01/15/23 (Call 10/15/22)		USD	100		98,250
4.55%, 06/24/24 (Call 03/24/24)		USD	150		151,950


52

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017



Security	Principal (000s)			Value
Windstream Services LLC
6.38%, 08/01/23 (Call 02/01/18)		USD	75	$	67,299
7.50%, 06/01/22 (Call 06/01/17)^b		USD	50		48,675
7.75%, 10/15/20 (Call 03/03/17)^b		USD	100		102,055
7.75%, 10/01/21 (Call 03/03/17)^b		USD	125		127,500
WMG Acquisition Corp.
4.13%, 11/01/24 (Call 11/01/19)^c		EUR	100		112,545
6.75%, 04/15/22 (Call 04/15/17)^a,b		USD	75		78,750
WPX Energy Inc.
5.25%, 09/15/24 (Call 06/15/24)		USD	100		98,307
6.00%, 01/15/22 (Call 10/15/21)		USD	125		130,625
7.50%, 08/01/20 (Call 07/01/20)		USD	50		54,250
8.25%, 08/01/23 (Call 06/01/23)		USD	75		85,068
WR Grace & Co.-Conn
5.13%, 10/01/21^a,b		USD	150		157,312
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
4.25%, 05/30/23 (Call 02/28/23)^a		USD	50		48,563
5.38%, 03/15/22 (Call 03/15/17)		USD	100		102,092
5.50%, 03/01/25 (Call 12/01/24)^a,b		USD	300		301,015
XPO Logistics Inc.
5.75%, 06/15/21 (Call 12/15/17)^c		EUR	100		113,325
6.13%, 09/01/23 (Call 09/01/19)^a		USD	75		77,612
6.50%, 06/15/22 (Call 06/15/18)^a		USD	275		286,344
Zayo Group LLC/Zayo Capital Inc.
5.75%, 01/15/27 (Call 01/15/22)^a		USD	150		153,570
6.00%, 04/01/23 (Call 04/01/18)		USD	225		235,125
6.38%, 05/15/25 (Call 05/15/20)		USD	105		111,169


Security	Principal or Shares (000s)			Value
Zebra Technologies Corp.
7.25%, 10/15/22 (Call 10/15/17)^b		USD	200	$	215,359

					103,925,447
TOTAL CORPORATE BONDS & NOTES
(Cost: $160,117,063)					159,557,806

SHORT-TERM INVESTMENTS — 18.36%

MONEY MARKET FUNDS — 18.36%
BlackRock Cash Funds: Institutional, SL Agency Shares
0.97%^e,f,g			24,881		24,888,465
BlackRock Cash Funds: Treasury, SL Agency Shares
0.46%^e,f			5,638		5,638,014

					30,526,479

TOTAL SHORT-TERM INVESTMENTS
(Cost: $30,520,538)					30,526,479

TOTAL INVESTMENTS IN SECURITIES — 114.33%
(Cost: $190,637,601)^h					190,084,285
Other Assets, Less Liabilities — (14.33)%					(23,834,159	)

NET ASSETS — 100.00%				$	166,250,126

VRN — Variable Rate Note


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

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

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

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

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

^e	Affiliated money market fund.

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

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

^h	The cost of investments for federal income tax purposes was $190,661,777. Net unrealized depreciation was $577,492, of which $2,716,988 represented gross unrealized appreciation on securities and $3,294,480 represented gross unrealized depreciation on securities.


			53

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

January 31, 2017

Schedule 1 — Fair Value Measurements


	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Corporate bonds & notes	$	—	$	159,557,806	$	—	$	159,557,806
Money market funds		30,526,479		—		—		30,526,479

Total	$	30,526,479	$	159,557,806	$	—	$	190,084,285


54

Schedule of Investments (Unaudited)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2017

Security

Principal

or Shares

(000s)

Value

COMMON STOCKS — 0.00%

SOUTH AFRICA — 0.00%

Sentry Holdings Ltd. Class A

—

TOTAL COMMON STOCKS

(Cost: $159,437)

—

CORPORATE BONDS & NOTES — 97.69%

AUSTRALIA — 0.35%

Origin Energy Finance Ltd.

VRN, (5 year EUR Swap + 3.670%)

4.00%, 09/16/74 (Call 09/16/19)^a

EUR

200

214,387

AUSTRIA — 1.14%

Raiffeisen Bank International AG

6.00%, 10/16/23^a

EUR

100

119,047

6.63%, 05/18/21

EUR

100

122,682

VRN, (5 year EUR Swap + 3.300%)

4.50%, 02/21/25 (Call 02/21/20)^a

EUR

100

109,679

VRN, (5 year EUR Swap + 4.840%)

5.88%, 04/27/23 (Call 04/27/18)

EUR

100

113,786

Raiffeisenlandesbank Niederoesterreich-Wien AG

5.88%, 11/27/23^a

EUR

100

115,638

Wienerberger AG

4.00%, 04/17/20

EUR

100

119,301

700,133

BELGIUM — 1.32%

Barry Callebaut Services NV

2.38%, 05/24/24^a

EUR

100

110,487

5.63%, 06/15/21^a

EUR

100

130,597

Ethias SA

5.00%, 01/14/26^a

EUR

100

103,037

Nyrstar Netherlands Holdings BV

8.50%, 09/15/19^a

EUR

100

117,884


Security		Principal (000s)		Value
Ontex Group NV
4.75%, 11/15/21 (Call 11/15/17)^a	EUR		100	$	113,729
Telenet Finance V Luxembourg SCA
6.25%, 08/15/22 (Call 08/15/17)^a	EUR		100		114,253
6.75%, 08/15/24 (Call 08/15/18)^a	EUR		100		119,695

					809,682
CANADA — 3.16%
AutoCanada Inc.
5.63%, 05/25/21 (Call 05/25/17)	CAD		50		38,926
Baytex Energy Corp.
6.63%, 07/19/22 (Call 07/19/17)	CAD		75		56,232
Bombardier Inc.
6.13%, 05/15/21^a	EUR		200		227,999
Brookfield Residential Properties Inc.
6.13%, 05/15/23 (Call 05/15/18)^a	CAD		75		57,670
Canadian Energy Services & Technology Corp.
7.38%, 04/17/20 (Call 04/17/17)	CAD		75		59,947
Cascades Inc.
5.50%, 07/15/21 (Call 07/15/17)^b	CAD		50		39,861
Cott Corp.
5.50%, 07/01/24 (Call 07/01/19)^a	EUR		100		114,172
Crew Energy Inc.
8.38%, 10/21/20 (Call 03/02/17)^a	CAD		50		39,885
DHX Media Ltd.
5.88%, 12/02/21 (Call 12/02/17)	CAD		50		38,734
Entertainment One Ltd.
6.88%, 12/15/22 (Call 12/15/18)^a	GBP		100		136,445


			55

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2017


Security		Principal (000s)		Value
Gateway Casinos & Entertainment Ltd.
8.50%, 11/26/20 (Call 03/02/17)^b	CAD		50	$	38,063
Gibson Energy Inc.
5.38%, 07/15/22 (Call 07/15/17)^b	CAD		75		57,724
7.00%, 07/15/20 (Call 03/02/17)^b	CAD		50		40,029
Great Canadian Gaming Corp.
6.63%, 07/25/22 (Call 07/25/17)^b	CAD		75		60,043
Iron Mountain Canada Operations ULC
5.38%, 09/15/23	CAD		50		39,406
Mattamy Group Corp.
6.88%, 11/15/20 (Call 03/02/17)^b	CAD		50		39,310
Newalta Corp.
Series 2
7.75%, 11/14/19 (Call 03/02/17)	CAD		50		36,625
Noralta Lodge Ltd.
7.50%, 09/24/19 (Call 03/02/17)^a	CAD		13		8,874
Parkland Fuel Corp.
5.50%, 05/28/21 (Call 05/28/17)	CAD		50		39,885
6.00%, 11/21/22 (Call 11/21/17)	CAD		100		80,345
Quebecor Media Inc.
6.63%, 01/15/23^b	CAD		125		102,349
7.38%, 01/15/21 (Call 03/02/17)	CAD		50		39,406
River Cree Enterprises LP
11.00%, 01/20/21 (Call 01/20/18)^b	CAD		50		38,734
Russel Metals Inc.
6.00%, 04/19/22 (Call 04/19/17)^b	CAD		75		58,869
Sirius XM Canada Holdings Inc.
5.63%, 04/23/21 (Call 04/23/17)^b	CAD		50		38,926


Security		Principal (000s)		Value
Southern Pacific Resource Corp.
8.75%, 01/25/18 (Call 03/02/17)^b,c	CAD		50	$	4
Superior Plus LP
6.50%, 12/09/21 (Call 12/09/17)	CAD		50		40,269
Trilogy Energy Corp.
7.25%, 12/13/19 (Call 03/02/17)^b	CAD		75		58,557
Videotron Ltd.
5.63%, 06/15/25 (Call 03/15/25)	CAD		75		60,025
5.75%, 01/15/26 (Call 09/15/20)^a	CAD		100		80,345
6.88%, 07/15/21 (Call 03/02/17)	CAD		31		24,610
Wajax Corp.
6.13%, 10/23/20 (Call 10/23/17)^a	CAD		50		39,406
Western Energy Services Corp.
7.88%, 01/30/19 (Call 03/02/17)	CAD		53		38,213
Yellow Pages Digital & Media Solutions Ltd.
9.25%, 11/30/18 (Call 03/02/17)	CAD		88		68,978

					1,938,866
CYPRUS — 0.19%
Bank of Cyprus PCL Series EMTN
VRN, (5 year EUR Swap + 9.176%)
9.25%, 01/19/27 (Call 01/19/22)^a	EUR		100		113,906

					113,906
DENMARK — 0.35%
TDC A/S
VRN, (5 year EUR Swap + 3.110%)
3.50%, 02/26/49 (Call 02/26/21)^a	EUR		200		211,729

					211,729


56

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2017


Security		Principal (000s)		Value
FINLAND — 0.76%
Nokia OYJ
6.75%, 02/04/19^a	EUR		100	$	121,421
Outokumpu OYJ
6.63%, 09/30/19 (Call 03/30/17)	EUR		100		112,884
Stora Enso OYJ
2.13%, 06/16/23 (Call 03/16/23)^a	EUR		100		109,586
5.50%, 03/07/19^a	EUR		100		119,370

					463,261
FRANCE — 12.76%
3AB Optique Developpement SAS
5.63%, 04/15/19 (Call 03/02/17)^a	EUR		100		109,479
Areva SA
3.25%, 09/04/20^a	EUR		200		217,197
3.50%, 03/22/21	EUR		100		108,851
4.38%, 11/06/19	EUR		200		223,978
Autodis SA
4.38%, 05/01/22 (Call 05/01/18)^a	EUR		100		111,648
BiSoho SAS
5.88%, 05/01/23 (Call 05/01/19)^a	EUR		100		116,318
Casino Guichard Perrachon SA
2.33%, 02/07/25 (Call 11/07/24)^a	EUR		100		111,971
3.25%, 03/07/24 (Call 12/07/23)^a	EUR		200		238,718
3.99%, 03/09/20	EUR		100		122,391
4.05%, 08/05/26 (Call 05/05/26)^a	EUR		200		230,101
4.41%, 08/06/19^a	EUR		200		237,669
4.56%, 01/25/23^a	EUR		100		121,084
5.73%, 11/12/18	EUR		100		118,831
5.98%, 05/26/21	EUR		200		254,943
CGG SA
5.88%, 05/15/20 (Call 05/15/17)^a	EUR		100		47,671
CMA CGM SA
7.75%, 01/15/21 (Call 01/15/18)^a	EUR		100		101,656
8.75%, 12/15/18 (Call 03/02/17)^a	EUR		100		110,027


Security		Principal (000s)		Value
ContourGlobal Power Holdings SA
5.13%, 06/15/21 (Call 06/15/18)^a	EUR		100	$	114,578
Elis SA
3.00%, 04/30/22 (Call 04/30/18)^a	EUR		200		222,314
Europcar Groupe SA
5.75%, 06/15/22 (Call 06/15/18)^a	EUR		100		112,872
Faurecia
3.13%, 06/15/22 (Call 06/15/18)^a	EUR		100		111,235
3.63%, 06/15/23 (Call 06/15/19)^a	EUR		200		224,987
Groupama SA
6.00%, 01/23/27	EUR		100		110,838
VRN, (3 mo. Euribor + 5.360%)
7.88%, 10/27/39 (Call 10/27/19)	EUR		200		234,085
Groupe Fnac SA
3.25%, 09/30/23 (Call 09/30/19)^a	EUR		100		111,436
Holdikks SAS
6.75%, 07/15/21 (Call 07/15/17)^a	EUR		100		83,484
Holding Medi-Partenaires SAS
7.00%, 05/15/20 (Call 02/10/17)^a	EUR		100		113,602
HomeVi SAS
6.88%, 08/15/21 (Call 08/15/17)^a	EUR		100		114,840
La Financiere Atalian SAS
7.25%, 01/15/20 (Call 03/02/17)^a	EUR		100		112,337
Labeyrie Fine Foods SAS
5.63%, 03/15/21 (Call 03/15/17)^a	EUR		100		110,567
Loxam SAS
3.50%, 05/03/23 (Call 05/03/19)^a	EUR		100		105,993
4.88%, 07/23/21 (Call 07/23/17)^a	EUR		100		111,775


			57

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2017


Security		Principal (000s)		Value
Mobilux Finance SAS
5.50%, 11/15/24 (Call 11/15/19)^a	EUR		100	$	112,318
NEW Areva Holding SA
3.13%, 03/20/23 (Call 12/20/22)^a	EUR		200		208,405
4.88%, 09/23/24	EUR		200		222,219
Nexans SA
3.25%, 05/26/21 (Call 02/26/21)^a	EUR		100		114,120
Novafives SAS
4.50%, 06/30/21 (Call 06/30/17)^a	EUR		100		102,851
Paprec Holding
5.25%, 04/01/22 (Call 04/01/18)^a	EUR		100		114,080
Peugeot SA
2.38%, 04/14/23^a	EUR		150		168,757
6.50%, 01/18/19^a	EUR		100		120,969
Rexel SA
3.25%, 06/15/22 (Call 06/15/18)^a	EUR		100		112,319
3.50%, 06/15/23 (Call 06/15/19)^a	EUR		200		224,601
SFR Group SA
5.38%, 05/15/22 (Call 05/15/17)^a	EUR		200		225,445
5.63%, 05/15/24 (Call 05/15/19)^a	EUR		300		342,157
SPCM SA
2.88%, 06/15/23 (Call 06/15/18)^a	EUR		100		109,021
Synlab Bondco PLC
6.25%, 07/01/22 (Call 07/01/18)^a	EUR		100		117,491
Synlab Unsecured Bondco PLC
8.25%, 07/01/23 (Call 07/01/18)^a	EUR		150		178,883
Tereos Finance Groupe I SA
4.13%, 06/16/23 (Call 03/16/23)^a	EUR		100		112,117
4.25%, 03/04/20 (Call 03/04/19)	EUR		100		114,886

Security

Principal

(000s)

Value

THOM Europe SAS

7.38%, 07/15/19 (Call 02/10/17)^a

EUR

100

112,999

Vallourec SA

2.25%, 09/30/24^a

EUR

100

89,716

3.25%, 08/02/19

EUR

100

111,071

Verallia Packaging SASU

5.13%, 08/01/22 (Call 08/01/18)^a

EUR

100

114,510

WFS Global Holding SAS

9.50%, 07/15/22 (Call 07/15/18)^a

EUR

100

111,343

7,817,754

GERMANY — 10.45%

Auris Luxembourg II SA

8.00%, 01/15/23 (Call 01/15/18)^a

EUR

100

117,513

Bilfinger SE

2.38%, 12/07/19 a

EUR

100

112,633

BMBG Bond Finance SCA

3.00%, 06/15/21 (Call 06/15/18)^a

EUR

100

112,147

CeramTec Group GmbH

8.25%, 08/15/21 (Call 03/02/17)^a

EUR

100

115,063

Deutsche Lufthansa AG

VRN, (5 year EUR Swap + 4.783%)

5.13%, 08/12/75 (Call 02/12/21)^a

EUR

100

114,193

FMC Finance VII SA

5.25%, 02/15/21^a

EUR

100

126,088

FMC Finance VIII SA

5.25%, 07/31/19^a

EUR

100

120,642

FTE Verwaltungs GmbH

9.00%, 07/15/20 (Call 02/10/17)^a

EUR

100

113,606

Hapag-Lloyd AG

7.50%, 10/15/19 (Call 03/02/17)^a

EUR

100

112,429

K+S AG

3.00%, 06/20/22^a

EUR

100

114,874


58

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2017

Security

Principal

(000s)

Value

Kirk Beauty One GmbH

8.75%, 07/15/23 (Call 07/15/18)^a

EUR

150

178,497

LANXESS AG

VRN, (5 year EUR Swap + 4.510%)

4.50%, 12/06/76 (Call 06/06/23)^a

EUR

56,288

Norddeutsche Landesbank Girozentrale

6.00%, 06/29/20

EUR

100

118,880

PCF GmbH

7.88%, 08/01/19 (Call 03/02/17)^a

EUR

100

112,397

Phoenix PIB Dutch Finance BV

3.63%, 07/30/21^a

EUR

100

120,224

PrestigeBidCo GmbH

6.25%, 12/15/23 (Call 12/15/19)^a

EUR

100

111,938

ProGroup AG

5.13%, 05/01/22 (Call 05/01/18)^a

EUR

100

115,004

RWE AG

VRN, (5 year EUR Swap + 2.643%)

2.75%, 04/21/75 (Call 10/21/20)^a

EUR

200

206,765

VRN, (5 year EUR Swap + 3.245%)

3.50%, 04/21/75 (Call 04/21/25)^a

EUR

100

94,719

Schaeffler Finance BV

2.50%, 05/15/20 (Call 05/15/17)^a

EUR

100

109,815

3.25%, 05/15/25 (Call 05/15/20)^a

EUR

100

115,298

3.50%, 05/15/22 (Call 05/15/17)^a

EUR

100

110,678

Senvion Holding GmbH

6.63%, 11/15/20 (Call 05/15/17)^a

EUR

100

112,709

SGL Carbon SE

4.88%, 01/15/21 (Call 03/02/17)^a

EUR

100

110,777


Security		Principal (000s)		Value
Takko Luxembourg 2 SCA
9.88%, 04/15/19 (Call 02/10/17)^a	EUR		100	$	94,225
Techem Energy Metering Service GmbH & Co. KG
7.88%, 10/01/20 (Call 02/10/17)^a	EUR		100		112,393
Techem GmbH
6.13%, 10/01/19 (Call 02/10/17)^a	EUR		100		111,584
ThyssenKrupp AG
1.75%, 11/25/20 (Call 08/25/20)^a	EUR		200		220,632
2.50%, 02/25/25 a	EUR		100		109,901
2.75%, 03/08/21 (Call 12/08/20)^a	EUR		200		226,210
3.13%, 10/25/19 (Call 07/25/19)^a	EUR		300		343,574
4.00%, 08/27/18	EUR		300		342,898
Trionista Holdco GmbH
5.00%, 04/30/20 (Call 03/02/17)^a	EUR		100		110,484
Trionista TopCo GmbH
6.88%, 04/30/21 (Call 03/02/17)^a	EUR		100		113,307
TUI AG
2.13%, 10/26/21 (Call 07/26/21)^a	EUR		100		111,077
Unitymedia GmbH
3.75%, 01/15/27 (Call 01/15/21)^a	EUR		200		205,216
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
3.50%, 01/15/27 (Call 01/15/21)^a	EUR		100		106,858
4.00%, 01/15/25 (Call 01/15/20)^a	EUR		100		112,125
4.63%, 02/15/26 (Call 02/15/21)^a	EUR		100		114,654
5.13%, 01/21/23 (Call 01/21/18)^a	EUR		162		184,745
5.50%, 09/15/22 (Call 09/15/17)^a	EUR		81		91,892


			59

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2017


Security		Principal (000s)		Value
5.63%, 04/15/23 (Call 04/15/18)^a	EUR		80	$	92,715
5.75%, 01/15/23 (Call 01/15/18)^a	EUR		81		93,447
WEPA Hygieneprodukte GmbH
3.75%, 05/15/24 (Call 05/15/19)^a	EUR		100		112,726
ZF North America Capital Inc.
2.25%, 04/26/19^a	EUR		300		335,872
2.75%, 04/27/23^a	EUR		200		227,266

					6,406,978
GREECE — 1.35%
Frigoglass Finance BV
8.25%, 05/15/18 (Call 03/02/17)^a	EUR		100		67,378
Intralot Capital Luxembourg SA
6.75%, 09/15/21 (Call 09/15/18)^a	EUR		100		110,645
OTE PLC
3.50%, 07/09/20^a	EUR		200		217,796
4.38%, 12/02/19^a	EUR		100		112,290
7.88%, 02/07/18^a	EUR		100		114,005
PPC Finance PLC
5.50%, 05/01/19 (Call 02/10/17)^a	EUR		100		90,833
Titan Global Finance PLC
3.50%, 06/17/21^a	EUR		100		112,319

					825,266
INDIA — 0.18%
Samvardhana Motherson Automotive Systems Group BV
4.13%, 07/15/21 (Call 07/15/17)^a	EUR		100		110,772

					110,772
IRELAND — 2.82%
Allied Irish Banks PLC
2.75%, 04/16/19^a	EUR		100		114,072
VRN, (5 year EUR Swap + 3.950%)
4.13%, 11/26/25 (Call 11/26/20)^a	EUR		200		222,358


Security		Principal (000s)		Value
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
4.13%, 05/15/23 (Call 05/15/19)^a	EUR		100	$	114,215
4.25%, 01/15/22 (Call 06/30/17)^a	EUR		300		333,498
6.75%, 05/15/24 (Call 05/15/19)^a	EUR		100		117,613
Bank of Ireland
10.00%, 12/19/22^a	EUR		100		144,430
VRN, (5 year EUR Swap + 3.550%)
4.25%, 06/11/24 (Call 06/11/19)^a	EUR		100		111,553
eircom Finance DAC
4.50%, 05/31/22 (Call 05/31/18)^a	EUR		200		225,151
Smurfit Kappa Acquisitions
2.38%, 02/01/24 (Call 11/01/23)^a	EUR		100		108,437
3.25%, 06/01/21 (Call 03/10/21)^a	EUR		100		115,914
4.13%, 01/30/20^a	EUR		100		118,312

					1,725,553
ITALY — 21.44%
Astaldi SpA
7.13%, 12/01/20 (Call 03/02/17)^a	EUR		200		225,199
Autostrada Brescia Verona Vicenza Padova SpA
2.38%, 03/20/20^a	EUR		100		112,887
Banca Monte dei Paschi di Siena SpA
3.63%, 04/01/19^a	EUR		200		211,406
5.60%, 09/09/20	EUR		100		55,980
Banca Popolare di Milano Scarl
4.25%, 01/30/19^a	EUR		100		112,988
7.13%, 03/01/21^a	EUR		100		116,773
Banca Popolare di Vicenza
2.75%, 03/20/20^a	EUR		200		193,366
5.00%, 10/25/18^a	EUR		100		103,207


60

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2017


Security		Principal (000s)		Value
Banco Popolare SC
2.63%, 09/21/18^a	EUR		100	$	109,792
2.75%, 07/27/20^a	EUR		200		219,490
3.50%, 03/14/19^a	EUR		300		334,518
6.00%, 11/05/20^a	EUR		100		113,033
6.38%, 05/31/21^a	EUR		100		113,612
Bormioli Rocco Holdings SA
10.00%, 08/01/18 (Call 03/02/17)^a	EUR		100		111,096
Buzzi Unicem SpA
2.13%, 04/28/23 (Call 01/28/23)^a	EUR		100		110,980
6.25%, 09/28/18^a	EUR		100		118,601
CNH Industrial Finance Europe SA
6.25%, 03/09/18^a	EUR		300		343,984
Enel SpA
VRN, (5 year EUR Swap + 3.648%)
5.00%, 01/15/75 (Call 01/15/20)^a	EUR		200		228,556
VRN, (5 year EUR Swap + 5.242%)
6.50%, 01/10/74 (Call 01/10/19)^a	EUR		300		348,729
Fiat Chrysler Finance Europe
4.75%, 03/22/21^a	EUR		200		235,230
4.75%, 07/15/22^a	EUR		300		354,214
6.63%, 03/15/18^a	EUR		300		344,153
6.75%, 10/14/19^a	EUR		200		244,997
7.38%, 07/09/18	EUR		200		235,222
Iccrea Banca SpA
1.88%, 11/25/19^a	EUR		100		110,059
International Game Technology PLC
4.13%, 02/15/20 (Call 11/15/19)^a	EUR		200		232,891
Intesa Sanpaolo SpA
2.86%, 04/23/25^a	EUR		200		209,337
3.93%, 09/15/26^a	EUR		200		216,140
5.00%, 09/23/19^a	EUR		200		232,982
5.15%, 07/16/20	EUR		200		236,872
6.63%, 05/08/18^a	EUR		200		229,932
6.63%, 09/13/23^a	EUR		300		376,359


Security		Principal (000s)		Value
Leonardo SpA
4.50%, 01/19/21	EUR		200	$	243,947
5.25%, 01/21/22	EUR		200		254,805
8.00%, 12/16/19	GBP		75		110,148
Manutencoop Facility Management SpA
8.50%, 08/01/20 (Call 03/02/17)^a	EUR		100		111,927
Mediobanca SpA
5.00%, 11/15/20	EUR		100		118,431
5.75%, 04/18/23	EUR		100		122,155
N&W Global Vending SpA
7.00%, 10/15/23 (Call 10/15/19)^a	EUR		100		113,720
Onorato Armatori SpA
7.75%, 02/15/23 (Call 02/15/19)^a	EUR		100		106,719
Piaggio & C SpA
4.63%, 04/30/21 (Call 04/30/17)^a	EUR		100		111,405
Saipem Finance International BV
3.00%, 03/08/21^a	EUR		100		111,727
3.75%, 09/08/23^a	EUR		100		112,938
Salini Costruttori SpA
6.13%, 08/01/18	EUR		100		116,961
Salini Impregilo SpA
3.75%, 06/24/21^a	EUR		100		114,638
Schumann SpA
7.00%, 07/31/23 (Call 07/31/19)^a	EUR		100		111,264
Snai SpA
6.38%, 11/07/21 (Call 11/07/18)^a	EUR		100		114,178
Telecom Italia SpA
4.88%, 09/25/20^a	EUR		100		121,403
5.25%, 02/10/22^a	EUR		200		249,294
6.13%, 12/14/18	EUR		100		119,665
Telecom Italia SpA/Milano
3.00%, 09/30/25^a	EUR		100		107,077
3.25%, 01/16/23^a	EUR		200		225,043
3.63%, 01/19/24^a	EUR		100		113,590
3.63%, 05/25/26^a	EUR		200		219,859
4.50%, 01/25/21^a	EUR		100		120,534
5.38%, 01/29/19^a	EUR		200		237,067
6.38%, 06/24/19	GBP		150		205,487


			61

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2017


Security		Principal (000s)		Value
UniCredit SpA
6.70%, 06/05/18^a	EUR		200	$	230,498
6.95%, 10/31/22^a	EUR		300		370,997
VRN, (5 year EUR Swap + 4.100%)
5.75%, 10/28/25 (Call 10/28/20)^a	EUR		300		343,250
VRN, (5 year EUR Swap + 4.316%)
4.38%, 01/03/27 (Call 01/03/22)^a	EUR		200		218,204
Unione di Banche Italiane SpA VRN, (5 year EUR Swap + 4.182%)
4.25%, 05/05/26 (Call 05/05/21)^a	EUR		200		215,804
Unipol Gruppo Finanziario SpA
3.00%, 03/18/25^a	EUR		300		314,646
Veneto Banca SCPA
4.00%, 05/20/19^a	EUR		100		101,586
Wind Acquisition Finance SA
4.00%, 07/15/20 (Call 02/10/17)^a	EUR		600		659,324
7.00%, 04/23/21 (Call 04/23/17)^a	EUR		400		449,599

					13,140,475

JAPAN — 1.17%
SoftBank Group Corp.
4.00%, 07/30/22 (Call 04/30/22)^a	EUR		100		118,037
4.63%, 04/15/20^a	EUR		100		119,605
4.75%, 07/30/25 (Call 04/30/25)^a	EUR		200		237,238
5.25%, 07/30/27 (Call 04/30/27)^a	EUR		200		239,825

					714,705

LUXEMBOURG — 5.24%
Altice Financing SA
5.25%, 02/15/23 (Call 02/15/18)^a	EUR		100		114,410
Altice Finco SA
9.00%, 06/15/23 (Call 06/15/18)^a	EUR		100		122,949


Security		Principal (000s)		Value
Altice Luxembourg SA
6.25%, 02/15/25 (Call 02/15/20)^a	EUR		200	$	226,712
7.25%, 05/15/22 (Call 05/15/17)^a	EUR		400		459,607
ArcelorMittal
2.88%, 07/06/20^a	EUR		100		113,685
3.00%, 03/25/19^a	EUR		200		227,092
3.00%, 04/09/21^a	EUR		100		113,608
3.13%, 01/14/22^a	EUR		200		227,296
5.75%, 03/29/18^a	EUR		100		115,026
DEA Finance SA
7.50%, 10/15/22 (Call 04/15/19)^a	EUR		100		116,425
Garfunkelux Holdco 3 SA
7.50%, 08/01/22 (Call 08/01/18)^a	EUR		100		111,939
8.50%, 11/01/22 (Call 11/01/18)^a	GBP		100		128,902
INEOS Group Holdings SA
5.38%, 08/01/24 (Call 08/01/19)^a	EUR		200		221,838
5.75%, 02/15/19 (Call 03/01/17)^a	EUR		100		109,944
LSF9 Balta Issuer SA
7.75%, 09/15/22 (Call 09/15/18)^a	EUR		100		118,930
Matterhorn Telecom SA
3.88%, 05/01/22 (Call 05/01/18)^a	EUR		200		221,666
Picard Bondco SA
7.75%, 02/01/20 (Call 03/02/17)^a	EUR		100		112,667
Swissport Investments SA
6.75%, 12/15/21 (Call 06/15/18)^a	EUR		200		234,452
Telenet Finance VI Luxembourg SCA
4.88%, 07/15/27 (Call 07/15/21)^a	EUR		100		113,065

					3,210,213


62

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2017


Security		Principal (000s)		Value
NETHERLANDS — 2.57%
Constellium NV
4.63%, 05/15/21 (Call 05/15/17)^a	EUR		100	$	106,456
Hema Bondco I BV
6.25%, 06/15/19 (Call 02/10/17)^a	EUR		100		104,030
InterXion Holding NV
6.00%, 07/15/20 (Call 02/10/17)^a	EUR		100		112,991
LGE HoldCo VI BV
7.13%, 05/15/24 (Call 05/15/19)^a	EUR		200		246,072
OI European Group BV
3.13%, 11/15/24 (Call 08/15/24)^a	EUR		100		108,495
SNS Bank NV
6.25%, 10/26/20	EUR		50		—
UPC Holding BV
6.38%, 09/15/22 (Call 09/15/17)^a	EUR		200		228,559
6.75%, 03/15/23 (Call 03/15/18)^a	EUR		100		116,984
UPCB Finance IV Ltd.
4.00%, 01/15/27 (Call 01/15/21)^a	EUR		100		108,228
Ziggo Bond Finance BV
4.63%, 01/15/25 (Call 01/15/20)^a	EUR		100		113,178
Ziggo Secured Finance BV
3.75%, 01/15/25 (Call 01/15/20)^a	EUR		100		110,048
4.25%, 01/15/27 (Call 01/15/22)^a	EUR		200		220,001

					1,575,042

NORWAY — 0.58%
Lock AS
7.00%, 08/15/21 (Call 08/15/17)^a	EUR		100		114,696
Lock Lower Holding AS
9.50%, 08/15/22 (Call 08/15/18)^a	EUR		100		124,057


Security		Principal (000s)		Value
Silk Bidco AS
7.50%, 02/01/22 (Call 02/01/18)^a	EUR		100	$	115,352

					354,105

PORTUGAL — 0.37%
EDP - Energias de Portugal SA VRN, (5 year EUR Swap + 5.043%)
5.38%, 09/16/75 (Call 03/16/21)^a	EUR		200		224,734

					224,734

SINGAPORE — 0.57%
Lincoln Finance Ltd.
6.88%, 04/15/21 (Call 04/15/18)^a	EUR		300		349,555

					349,555

SPAIN — 5.88%
Almirall SA
4.63%, 04/01/21 (Call 04/01/17)^a	EUR		100		111,113
Banco de Sabadell SA
5.63%, 05/06/26^a	EUR		100		116,269
6.25%, 04/26/20	EUR		100		119,160
Bankia SA
3.50%, 01/17/19^a	EUR		200		229,712
VRN, (5 year EUR Swap + 3.166%)
4.00%, 05/22/24 (Call 05/22/19)^a	EUR		200		220,248
Befesa Zinc SAU Via Zinc Capital SA
8.88%, 05/15/18 (Call 03/02/17)^a	EUR		100		110,446
BPE Financiaciones SA
2.00%, 02/03/20^a	EUR		200		216,980
CaixaBank SA VRN, (5 year EUR Swap + 3.950%)
5.00%, 11/14/23 (Call 11/14/18)^a	EUR		200		227,818
Campofrio Food Group SA
3.38%, 03/15/22 (Call 03/15/18)^a	EUR		100		112,370


			63

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2017


Security		Principal (000s)		Value
Cellnex Telecom SA
2.38%, 01/16/24 (Call 10/16/23)^a	EUR		200	$	213,341
2.88%, 04/18/25 (Call 01/18/25)^a	EUR		100		107,021
Cellnex Telecom SAU
3.13%, 07/27/22^a	EUR		100		114,680
Cirsa Funding Luxembourg SA
5.75%, 05/15/21 (Call 05/15/18)^a	EUR		100		113,744
5.88%, 05/15/23 (Call 05/15/18)^a	EUR		100		112,271
Codere Finance 2 Luxembourg SA
6.75%, 11/01/21 (Call 10/31/18)^a	EUR		100		105,535
eDreams ODIGEO SA
8.50%, 08/01/21 (Call 08/01/18)^a	EUR		100		113,938
Ence Energia y Celulosa SA
5.38%, 11/01/22 (Call 11/01/18)^a	EUR		100		115,260
Gestamp Funding Luxembourg SA
3.50%, 05/15/23 (Call 05/15/19)^a	EUR		100		112,688
Grupo Antolin Dutch BV
4.75%, 04/01/21 (Call 04/01/17)^a	EUR		100		111,046
5.13%, 06/30/22 (Call 06/30/18)^a	EUR		100		115,770
Grupo Isolux Corsan SA
1.00%, 12/30/21 (Call 03/02/17)d	EUR		141		69,338
Ibercaja Banco SA VRN, (5 year EUR Swap + 4.551%)
5.00%, 07/28/25 (Call 07/28/20)^a	EUR		100		107,308
NH Hotel Group SA
6.88%, 11/15/19 (Call 11/15/17)^a	EUR		150		176,033
Obrascon Huarte Lain SA
5.50%, 03/15/23 (Call 03/15/18)^a	EUR		100		79,058


Security		Principal (000s)		Value
PortAventura Entertainment Barcelona BV
7.25%, 12/01/20 (Call 02/10/17)^a	EUR		100	$	112,087
Repsol International Finance BV VRN, (10 year EUR Swap + 4.200%)
4.50%, 03/25/75 (Call 03/25/25)^a	EUR		250		259,901

					3,603,135

SWEDEN — 1.49%
Hoist Kredit AB
3.13%, 12/09/19^a	EUR		100		113,315
Perstorp Holding AB
7.63%, 06/30/21 (Call 11/18/18)^a	EUR		100		111,436
Verisure Holding AB
6.00%, 11/01/22 (Call 11/01/18)^a	EUR		200		235,362
Volvo Car AB
3.25%, 05/18/21^a	EUR		100		116,310
Volvo Treasury AB
VRN, (5 year EUR Swap + 3.797%)
4.20%, 06/10/75 (Call 06/10/20)^a	EUR		200		225,374
VRN, (5 year EUR Swap + 4.101%)
4.85%, 03/10/78 (Call 03/10/23)^a	EUR		100		114,400

					916,197

SWITZERLAND — 1.10%
Dufry Finance SCA
4.50%, 07/15/22 (Call 07/15/17)^a	EUR		100		113,148
4.50%, 08/01/23 (Call 08/01/18)^a	EUR		200		231,102
Selecta Group BV
6.50%, 06/15/20 (Call 03/02/17)^a	EUR		100		100,225
SIG Combibloc Holdings SCA
7.75%, 02/15/23 (Call 02/15/18)^a	EUR		200		232,061

					676,536


64

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2017


Security		Principal (000s)		Value
UNITED KINGDOM — 13.80%
Algeco Scotsman Global Finance PLC
9.00%, 10/15/18 (Call 03/02/17)^a	EUR		100	$	101,079
Alliance Automotive Finance PLC
6.25%, 12/01/21 (Call 11/19/17)^a	EUR		100		115,360
Anglo American Capital PLC
1.50%, 04/01/20^a	EUR		200		218,736
2.50%, 04/29/21^a	EUR		200		225,403
2.75%, 06/07/19^a	EUR		100		113,457
2.88%, 11/20/20^a	EUR		200		228,658
3.25%, 04/03/23^a	EUR		200		230,113
3.50%, 03/28/22^a	EUR		100		116,827
Arqiva Broadcast Finance PLC
9.50%, 03/31/20 (Call 03/31/17)^a	GBP		100		133,434
Aston Martin Capital Ltd.
9.25%, 07/15/18 (Call 03/02/17)^a	GBP		100		128,621
Boparan Finance PLC
4.38%, 07/15/21 (Call 07/15/17)^a	EUR		100		107,005
5.50%, 07/15/21 (Call 07/15/17)^a	GBP		100		123,113
Cabot Financial Luxembourg SA
7.50%, 10/01/23 (Call 10/01/19)^a	GBP		100		125,144
CNH Industrial Finance Europe SA
2.88%, 05/17/23^a	EUR		100		110,592
EC Finance PLC
5.13%, 07/15/21 (Call 02/10/17)^a	EUR		100		111,972
Elli Finance UK PLC
8.75%, 06/15/19 (Call 03/02/17)^a	GBP		100		121,826
Fiat Chrysler Automobiles NV
3.75%, 03/29/24^a	EUR		300		335,451


Security		Principal (000s)		Value
Iceland Bondco PLC
6.25%, 07/15/21 (Call 07/15/17)^a	GBP		100	$	130,014
IDH Finance PLC
6.25%, 08/15/22 (Call 08/15/18)^a	GBP		100		116,646
Ineos Finance PLC
4.00%, 05/01/23 (Call 05/01/18)^a	EUR		100		112,265
Inovyn Finance PLC
6.25%, 05/15/21 (Call 11/15/17)^a	EUR		100		114,647
International Personal Finance PLC
5.75%, 04/07/21^a	EUR		100		85,133
Interoute Finco PLC
7.38%, 10/15/20 (Call 10/15/17)^a	EUR		100		115,863
Iron Mountain Europe PLC
6.13%, 09/15/22 (Call 09/15/17)^a	GBP		100		133,816
Jaguar Land Rover Automotive PLC
2.20%, 01/15/24^a	EUR		100		108,070
3.88%, 03/01/23^a	GBP		100		129,298
5.00%, 02/15/22^a	GBP		100		136,595
Keystone Financing PLC
9.50%, 10/15/19 (Call 03/02/17)^a	GBP		100		131,283
Lecta SA
6.50%, 08/01/23 (Call 08/01/19)^a	EUR		100		112,065
Matalan Finance PLC
6.88%, 06/01/19 (Call 02/10/17)^a	GBP		100		105,337
Merlin Entertainments PLC
2.75%, 03/15/22 (Call 12/15/21)^a	EUR		100		112,866
New Look Secured Issuer PLC
6.50%, 07/01/22 (Call 06/24/18)^a	GBP		100		113,703
Pizzaexpress Financing 2 PLC
6.63%, 08/01/21 (Call 08/01/17)^a	GBP		150		191,641


			65

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2017


Security		Principal (000s)		Value
Premier Foods Finance PLC
6.50%, 03/15/21 (Call 03/15/17)^a	GBP		100	$	123,793
Royal Bank of Scotland Group PLC VRN, (5 year EUR Swap + 2.650%)
3.63%, 03/25/24 (Call 03/25/19)^a	EUR		300		328,200
Royal Bank of Scotland PLC (The)
6.93%, 04/09/18	EUR		300		347,731
Stonegate Pub Co. Financing PLC
5.75%, 04/15/19 (Call 03/02/17)^a	GBP		100		128,304
Tesco Corporate Treasury Services PLC
1.38%, 07/01/19^a	EUR		300		329,850
2.13%, 11/12/20 (Call 08/12/20)^a	EUR		100		112,442
2.50%, 07/01/24^a	EUR		200		221,214
Tesco PLC
3.38%, 11/02/18^a	EUR		100		113,935
6.13%, 02/24/22	GBP		200		286,451
Thomas Cook Group PLC
6.25%, 06/15/22 (Call 06/15/19)^a	EUR		100		111,582
Travis Perkins PLC
4.38%, 09/15/21^a	GBP		100		131,112
TVL Finance PLC
8.50%, 05/15/23 (Call 05/15/19)^a	GBP		100		135,054
Virgin Media Finance PLC
6.38%, 10/15/24 (Call 10/15/19)^a	GBP		100		134,054
7.00%, 04/15/23 (Call 04/15/18)^a	GBP		100		135,212
Virgin Media Receivables Financing Notes I DAC
5.50%, 09/15/24 (Call 09/15/19)^a	GBP		100		127,097


Security		Principal (000s)		Value
Virgin Media Secured Finance PLC
4.88%, 01/15/27 (Call 01/15/21)^a	GBP		100	$	124,547
5.13%, 01/15/25 (Call 01/15/20)^a	GBP		100		129,734
5.50%, 01/15/21	GBP		100		139,935
6.00%, 04/15/21 (Call 02/02/17)^a	GBP		116		152,054
6.25%, 03/28/29 (Call 01/15/21)^a	GBP		100		133,259
Viridian Group FundCo II Ltd.
7.50%, 03/01/20 (Call 09/01/17)^a	EUR		100		115,121
Vue International Bidco PLC
7.88%, 07/15/20 (Call 03/02/17)^a	GBP		100		130,473
Worldpay Finance PLC
3.75%, 11/15/22^a	EUR		150		171,869

					8,459,056

UNITED STATES — 8.65%
Adient Global Holdings Ltd.
3.50%, 08/15/24 (Call 05/15/24)^a	EUR		200		215,944
AMC Entertainment Holdings Inc.
6.38%, 11/15/24 (Call 11/15/19)^a	GBP		100		133,135
Avis Budget Finance PLC
4.13%, 11/15/24 (Call 11/15/19)^a	EUR		100		104,907
Axalta Coating Systems Dutch Holding B BV
3.75%, 01/15/25 (Call 01/15/20)^a	EUR		100		110,751
Ball Corp.
3.50%, 12/15/20	EUR		100		119,350
4.38%, 12/15/23	EUR		100		120,844
Belden Inc.
5.50%, 04/15/23 (Call 04/15/18)^a	EUR		100		114,943
Catalent Pharma Solutions Inc.
4.75%, 12/15/24 (Call 12/15/19)^a	EUR		100		113,102


66

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2017


Security		Principal (000s)		Value
Chemours Co. (The)
6.13%, 05/15/23 (Call 05/15/18)	EUR		100	$	108,201
CNH Industrial Finance Europe SA
2.75%, 03/18/19^a	EUR		200		224,400
2.88%, 09/27/21^a	EUR		200		228,147
Crown European Holdings SA
2.63%, 09/30/24 (Call 03/31/24)a	EUR		100		105,724
3.38%, 05/15/25 (Call 11/15/24)^a	EUR		200		219,584
4.00%, 07/15/22 (Call 04/15/22)^a	EUR		100		118,756
Darling Global Finance BV
4.75%, 05/30/22 (Call 05/30/18)^a	EUR		100		114,859
Goodyear Dunlop Tires Europe BV
3.75%, 12/15/23 (Call 12/15/18)^a	EUR		100		113,415
Hanesbrands Finance Luxembourg SCA
3.50%, 06/15/24 (Call 03/15/24)^a	EUR		100		111,404
Hertz Holdings Netherlands BV
4.38%, 01/15/19^a	EUR		100		110,302
Huntsman International LLC
4.25%, 04/01/25 (Call 01/01/25)	EUR		100		109,063
5.13%, 04/15/21 (Call 01/15/21)	EUR		100		117,675
Infor U.S. Inc.
5.75%, 05/15/22 (Call 05/15/18)	EUR		100		109,970
International Game Technology PLC
4.75%, 03/05/20^a	EUR		100		119,527
4.75%, 02/15/23 (Call 08/15/22)^a	EUR		200		236,055
6.63%, 02/02/18^a	EUR		100		114,425
Iron Mountain Canada Operations ULC
6.13%, 08/15/21 (Call 08/15/17)	CAD		50		39,933

Security

Principal

(000s)

Value

LKQ Italia Bondco SpA

3.88%, 04/01/24 (Call 01/01/24)^a

EUR

100

114,032

MPT Operating Partnership LP/MPT Finance Corp.

4.00%, 08/19/22 (Call 05/19/22)

EUR

100

114,123

OI European Group BV

4.88%, 03/31/21^a

EUR

100

123,147

6.75%, 09/15/20^a

EUR

100

129,500

Postmedia Network Inc.

8.25%, 07/15/21 (Call 03/02/17)^b

CAD

1,960

PSPC Escrow Corp.

6.00%, 02/01/23 (Call 02/01/18)^a

EUR

100

111,252

PVH Corp.

3.63%, 07/15/24 (Call 04/15/24)^a

EUR

100

111,269

Quintiles IMS Inc.

3.50%, 10/15/24 (Call 10/15/19)^a

EUR

200

225,017

Sealed Air Corp.

4.50%, 09/15/23 (Call 06/15/23)^a

EUR

100

119,571

Spectrum Brands Inc.

4.00%, 10/01/26 (Call 10/01/21)^a

EUR

100

111,636

TA MFG. Ltd.

3.63%, 04/15/23 (Call 04/15/18)^a

EUR

100

110,446

Trinseo Materials Operating SCA/Trinseo Materials Finance Inc.

6.38%, 05/01/22 (Call 05/01/18)^a

EUR

100

115,349

Valeant Pharmaceuticals International Inc.

4.50%, 05/15/23 (Call 05/15/18)^a

EUR

300

241,228

VWR Funding Inc.

4.63%, 04/15/22 (Call 04/15/18)^a

EUR

100

111,810


			67

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2017


Security		Principal or Shares (000s)		Value
WMG Acquisition Corp.
4.13%, 11/01/24 (Call 11/01/19)^a	EUR		100	$	112,545
XPO Logistics Inc.
5.75%, 06/15/21 (Call 12/15/17)^a	EUR		100		113,325

					5,300,626
TOTAL CORPORATE BONDS & NOTES (Cost: $67,001,451)					59,862,666

SHORT-TERM INVESTMENTS — 0.00%

MONEY MARKET FUNDS — 0.00%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.46%^e,f			3		2,980

					2,980

TOTAL SHORT-TERM INVESTMENTS
(Cost: $2,980)					2,980


Security	Value
TOTAL INVESTMENTS IN SECURITIES — 97.69%
(Cost: $67,163,868)^g	$	59,865,646
Other Assets, Less Liabilities — 2.31%		1,413,965


NET ASSETS — 100.00%	$	61,279,611

VRN — Variable Rate Note

Currency Abbreviations:

CAD — Canadian Dollar

EUR — Euro

GBP — British Pound

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

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

^c	Issuer is in default of interest payments.

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

^e	Affiliated money market fund.

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

^g	The cost of investments for federal income tax purposes was $67,245,198. Net unrealized depreciation was $7,379,552, of which $563,865 represented gross unrealized appreciation on securities and $7,943,417 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements


	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Common stocks	$	—	$	—	$	0^a	$	0^a
Corporate bonds & notes		—		59,862,662		4		59,862,666
Money market funds		2,980		—		—		2,980

Total	$	2,980	$	59,862,662	$	4	$	59,865,646

Rounds to less than $1.


68

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/ Martin Small
		Martin Small, President (Principal Executive Officer)

Date: March 31, 2017

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/ Martin Small
		Martin Small, President (Principal Executive Officer)

Date: March 31, 2017



By:		/s/ Jack Gee
		Jack Gee, Treasurer and Chief Financial Officer (Principal Financial Officer)

Date: March 31, 2017