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: July 31, 2017

Item 1.

Schedules of Investments.

Schedule of Investments (Unaudited)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2017


Security	Principal (000s)		Value
CORPORATE BONDS & NOTES^a — 41.28%

ARGENTINA — 0.91%
YPF SA
8.50%, 03/23/21^b	$	1,000	$	1,106,250
8.50%, 07/28/25^b		985		1,090,592
8.75%, 04/04/24^b		1,828		2,048,091
8.88%, 12/19/18^b		187		200,324

				4,445,257
AZERBAIJAN — 0.57%
Southern Gas Corridor CJSC
6.88%, 03/24/26^b		1,100		1,208,350
State Oil Co. of the Azerbaijan Republic
4.75%, 03/13/23^b		1,600		1,577,600

				2,785,950
BARBADOS — 0.13%
Columbus Cable Barbados Ltd.
7.38%, 03/30/21 (Call 03/30/18)^b		600		639,750

				639,750
BRAZIL — 18.14%
Banco Bradesco SA/Cayman Islands
5.75%, 03/01/22^b		1,200		1,273,500
5.90%, 01/16/21^b		1,200		1,273,500
6.75%, 09/29/19^b		200		214,250
Banco BTG Pactual SA/Cayman Islands
4.00%, 01/16/20^b		600		577,500
5.75%, 09/28/22^b		400		351,500
Banco do Brasil SA/Cayman Islands
3.88%, 10/10/22		2,200		2,142,250
5.38%, 01/15/21^b		1,200		1,248,060
5.88%, 01/26/22^b		1,500		1,541,250
5.88%, 01/19/23^b		400		417,500
6.00%, 01/22/20^b		200		212,250
Banco Votorantim SA
7.38%, 01/21/20^b		500		532,750
Braskem Finance Ltd.
5.38%, 05/02/22^b		200		208,000
5.75%, 04/15/21^b		1,600		1,696,800
6.45%, 02/03/24		600		654,000
BRF SA
3.95%, 05/22/23^b		200		195,250
4.75%, 05/22/24^b		400		402,240
Caixa Economica Federal
3.50%, 11/07/22^b		450		437,625
4.25%, 05/13/19^b		2,170		2,209,669
VRN, (5 year CMT + 5.551%)
7.25%, 07/23/24 (Call 07/23/19)^b,c		800		818,368
Centrais Eletricas Brasileiras SA
5.75%, 10/27/21^b		1,700		1,762,050
6.88%, 07/30/19^b		500		530,000
CSN Resources SA
6.50%, 07/21/20^b		900		688,500


Security	Principal (000s)		Value
Embraer Netherlands Finance BV
5.05%, 06/15/25	$	1,620	$	1,695,816
Embraer Overseas Ltd.
5.70%, 09/16/23^b		300		325,125
Fibria Overseas Finance Ltd.
5.25%, 05/12/24		200		211,250
Gerdau Trade Inc.
4.75%, 04/15/23^b		800		804,000
GTL Trade Finance Inc.
5.89%, 04/29/24 (Call 01/29/24)^b		1,000		1,037,500
7.25%, 04/16/44 (Call 10/16/43)^b		200		202,500
Itau Unibanco Holding SA/Cayman Islands
5.13%, 05/13/23^b		620		641,700
5.50%, 08/06/22^b		2,100		2,209,620
5.65%, 03/19/22^b		1,800		1,892,250
5.75%, 01/22/21^b		1,450		1,529,750
6.20%, 04/15/20^b		700		748,125
6.20%, 12/21/21^b		800		865,200
JBS Investments GmbH
7.25%, 04/03/24 (Call 04/03/19)^b		600		582,000
7.75%, 10/28/20 (Call 10/28/17)^b		1,000		1,000,000
JBS USA LUX SA/JBS USA Finance Inc.
5.75%, 06/15/25 (Call 06/15/20)^b		850		839,375
5.88%, 07/15/24 (Call 07/15/19)^b		725		719,563
7.25%, 06/01/21 (Call 08/30/17)^b		1,000		1,016,250
8.25%, 02/01/20 (Call 08/30/17)^b		100		101,500
Marfrig Holdings Europe BV
6.88%, 06/24/19 (Call 08/30/17)^b		400		411,260
8.00%, 06/08/23 (Call 06/08/19)^b		800		830,000
Minerva Luxembourg SA
6.50%, 09/20/26 (Call 09/20/21)^b		800		800,000
Odebrecht Finance Ltd.
4.38%, 04/25/25^b		200		77,750
5.25%, 06/27/29^b		600		225,000
7.13%, 06/26/42 (Call 12/26/41)^b		600		249,735
Petrobras Global Finance BV
4.38%, 05/20/23		3,035		2,926,802
4.88%, 03/17/20		350		359,804
5.38%, 01/27/21		4,435		4,547,560
5.63%, 05/20/43		900		766,440
5.75%, 01/20/20		850		888,990
6.13%, 01/17/22		3,100		3,255,604
6.25%, 03/17/24		900		937,350
6.75%, 01/27/41		1,450		1,388,447
6.85%, 12/31/99		2,400		2,195,424
6.88%, 01/20/40		700		682,308
7.25%, 03/17/44		2,200		2,201,100
7.38%, 01/17/27		4,250		4,599,562
7.88%, 03/15/19		300		322,644
8.38%, 05/23/21		6,550		7,383,160
8.75%, 05/23/26		3,125		3,675,781
Rio Oil Finance Trust Series 2014-1
9.25%, 07/06/24^b		597		612,419
Vale Overseas Ltd.
4.38%, 01/11/22		1,216		1,255,496
4.63%, 09/15/20		500		523,960
5.63%, 09/15/19		200		211,876
5.88%, 06/10/21		2,800		3,051,902
6.25%, 08/10/26		2,000		2,220,280
6.88%, 11/21/36		2,345		2,609,575


			1

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2017


Security	Principal (000s)		Value
6.88%, 11/10/39	$	1,400	$	1,559,264
8.25%, 01/17/34		300		366,069
Vale SA
5.63%, 09/11/42		1,000		987,255
Votorantim Cimentos SA
7.25%, 04/05/41^b		1,050		1,080,187

				89,011,340
CHILE — 0.13%
VTR Finance BV
6.88%, 01/15/24 (Call 01/15/19)^b		600		639,750

				639,750
CHINA — 2.05%
Agile Group Holdings Ltd.
8.38%, 02/18/19 (Call 08/30/17)^b		400		416,469
9.00%, 05/21/20 (Call 05/21/18)^b		200		215,500
China Evergrande Group
8.25%, 03/23/22 (Call 03/23/20)^b		1,400		1,439,943
8.75%, 06/28/25 (Call 06/28/21)^b		766		766,375
Country Garden Holdings Co. Ltd.
4.75%, 09/28/23 (Call 09/28/20)^b		400		395,000
7.25%, 04/04/21 (Call 10/04/17)^b		700		728,000
7.50%, 03/09/20 (Call 03/09/18)^b		600		634,500
7.50%, 01/10/23 (Call 01/10/18)^b		1,000		1,050,000
7.88%, 05/27/19 (Call 08/25/17)^b		400		416,411
Fantasia Holdings Group Co. Ltd.
7.38%, 10/04/21 (Call 10/04/19)^b		200		199,000
Fortune Star BVI Ltd.
5.25%, 03/23/22 (Call 03/23/20)^b		800		775,457
Greenland Global Investment Ltd.
5.88%, 07/03/24^b		600		608,809
KWG Property Holding Ltd.
8.98%, 01/14/19 (Call 08/30/17)^b		625		650,483
Shimao Property Holdings Ltd.
8.13%, 01/22/21 (Call 01/22/18)^b		400		424,000
8.38%, 02/10/22 (Call 02/10/19)^b		1,225		1,350,563

				10,070,510
COLOMBIA — 1.36%
Banco Davivienda SA
5.88%, 07/09/22^b		200		214,250
Banco de Bogota SA
5.38%, 02/19/23^b		400		422,500
6.25%, 05/12/26^b		1,200		1,299,000
Bancolombia SA
5.13%, 09/11/22		1,075		1,126,062
6.13%, 07/26/20		1,150		1,240,850
Colombia Telecomunicaciones SA ESP
5.38%, 09/27/22 (Call 09/27/17)^b		200		202,750
Grupo Aval Ltd.
4.75%, 09/26/22^b		600		611,250
Millicom International Cellular SA
6.00%, 03/15/25 (Call 03/15/20)^b		1,300		1,369,875
6.63%, 10/15/21 (Call 10/15/17)^b		200		207,880

				6,694,417


Security	Principal (000s)		Value
COSTA RICA — 0.22%
Banco Nacional de Costa Rica
5.88%, 04/25/21^b	$	1,050	$	1,088,663

				1,088,663
INDIA — 1.19%
ABJA Investment Co. Pte Ltd.
4.85%, 01/31/20^b		600		616,500
5.95%, 07/31/24^b		625		662,500
Bank of India/London
6.25%, 02/16/21^b		400		436,500
IDBI Bank Ltd.
3.75%, 01/25/19^b		200		200,244
JSW Steel Ltd.
5.25%, 04/13/22^b		800		807,837
Vedanta Resources PLC
6.00%, 01/31/19^b		400		420,827
6.38%, 07/30/22^b		1,000		1,036,250
7.13%, 05/31/23^b		610		643,550
8.25%, 06/07/21^b		900		1,005,722

				5,829,930
INDONESIA — 0.88%
Majapahit Holding BV
7.75%, 01/20/20^b		1,300		1,457,625
7.88%, 06/29/37^b		300		395,096
8.00%, 08/07/19^b		900		1,001,432
Perusahaan Listrik Negara PT
5.25%, 10/24/42^b		800		814,000
5.50%, 11/22/21^b		600		656,250

				4,324,403
JAMAICA — 0.85%
Digicel Group Ltd.
7.13%, 04/01/22 (Call 08/30/17)^b		600		533,250
8.25%, 09/30/20 (Call 08/30/17)^b		1,400		1,337,000
Digicel Ltd.
6.00%, 04/15/21 (Call 08/30/17)^b		1,200		1,167,000
6.75%, 03/01/23 (Call 03/01/18)^b		1,200		1,144,500

				4,181,750
KAZAKHSTAN — 1.39%
Kazakhstan Temir Zholy Finance BV
6.95%, 07/10/42^b		1,000		1,080,000
Kazkommertsbank JSC
5.50%, 12/21/22 (Call 08/31/17)^b		550		534,875
KazMunayGas National Co. JSC
3.88%, 04/19/22^b		400		397,977
4.75%, 04/19/27^b		800		795,469
5.75%, 04/30/43^b		200		197,873
5.75%, 04/19/47^b		1,500		1,442,271
6.38%, 04/09/21^b		900		983,250
7.00%, 05/05/20^b		1,250		1,365,625

				6,797,340


2

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2017


Security	Principal (000s)		Value
MEXICO — 1.37%
BBVA Bancomer SA/Texas
7.25%, 04/22/20^b	$	1,800	$	1,964,250
Cemex Finance LLC
6.00%, 04/01/24 (Call 04/01/19)^b		800		850,000
9.38%, 10/12/22 (Call 10/12/17)^b		800		848,200
Cemex SAB de CV
5.70%, 01/11/25 (Call 01/11/20)^b		1,000		1,063,500
6.13%, 05/05/25 (Call 05/05/20)^b		800		866,000
7.75%, 04/16/26 (Call 04/16/21)^b		1,000		1,150,000

				6,741,950
OMAN — 0.24%
Bank Muscat SAOG
3.75%, 05/03/21^b		600		606,000
Lamar Funding Ltd.
3.96%, 05/07/25^b		600		563,550

				1,169,550
RUSSIA — 4.13%
Alfa Bank AO Via Alfa Bond Issuance PLC
5.00%, 11/27/18^b		200		205,163
7.50%, 09/26/19^b		400		431,000
7.75%, 04/28/21^b		950		1,075,875
ALROSA Finance SA
7.75%, 11/03/20^b		1,100		1,243,000
Credit Bank of Moscow Via CBOM Finance PLC
5.88%, 11/07/21^b		200		206,500
VRN, (5 year USD Swap + 5.416%)
7.50%, 10/05/27 (Call 10/05/22)^b,c		900		887,625
Evraz Group SA
5.38%, 03/20/23^b		600		603,750
6.50%, 04/22/20^b		1,150		1,213,250
6.75%, 01/31/22^b		400		425,500
8.25%, 01/28/21^b		650		724,750
Gazprom OAO Via Gaz Capital SA
4.95%, 02/06/28^b		200		199,750
Gazprombank OAO Via GPB Eurobond Finance PLC VRN, (5 year CMT + 6.024%)
7.50%, 12/28/23 (Call 12/28/18)^b,c		200		207,500
Metalloinvest Finance DAC
4.85%, 05/02/24^b		600		601,697
MMC Norilsk Nickel OJSC via MMC Finance DAC
5.55%, 10/28/20^b		600		637,500
6.63%, 10/14/22^b		1,200		1,338,000
Novolipetsk Steel via Steel Funding DAC
4.50%, 06/15/23^b		600		613,500
Phosagro OAO via Phosagro Bond Funding DAC
3.95%, 11/03/21^b		700		705,484
Polyus Finance PLC
5.25%, 02/07/23^b		1,000		1,025,000
Polyus Gold International Ltd.
4.70%, 03/28/22^b		400		405,000
5.63%, 04/29/20^b		200		211,250
Rusal Capital DAC
5.13%, 02/02/22^b		1,600		1,612,000
Russian Railways via RZD Capital PLC
3.45%, 10/06/20^b		200		201,027


Security	Principal (000s)		Value
4.38%, 03/01/24^b	$	1,600	$	1,602,224
Sberbank of Russia Via SB Capital SA
5.13%, 10/29/22^b		800		826,000
Severstal OAO Via Steel Capital SA
5.90%, 10/17/22^b		400		435,500
VimpelCom Holdings BV
5.20%, 02/13/19^b		400		411,330
5.95%, 02/13/23^b		800		859,000
7.50%, 03/01/22^b		600		686,250
VTB Bank OJSC Via VTB Capital SA
6.95%, 10/17/22^b		600		648,750

				20,243,175
SOUTH AFRICA — 1.52%
AngloGold Ashanti Holdings PLC
5.13%, 08/01/22		350		364,000
5.38%, 04/15/20		1,368		1,439,820
Eskom Holdings SOC Ltd.
5.75%, 01/26/21^b		1,600		1,608,800
6.75%, 08/06/23^b		600		606,900
7.13%, 02/11/25^b		1,460		1,479,053
Gold Fields Orogen Holding BVI Ltd.
4.88%, 10/07/20^b		800		820,000
MTN Mauritius Investment Ltd.
4.76%, 11/11/24^b		600		577,500
Transnet SOC Ltd.
4.00%, 07/26/22^b		600		585,750

				7,481,823
SOUTH KOREA — 0.26%
Woori Bank
4.75%, 04/30/24^b		1,000		1,048,876
VRN, (5 year CMT + 3.328%)
5.00%, 06/10/45 (Call 06/10/20)^b,c		200		207,100

				1,255,976
SRI LANKA — 0.04%
National Savings Bank
8.88%, 09/18/18^b		200		211,746

				211,746
THAILAND — 0.09%
Krung Thai Bank PCL/Cayman Islands VRN, (5 year CMT + 3.535%)
5.20%, 12/26/24 (Call 12/26/19)^b,c		400		416,454

				416,454
TRINIDAD AND TOBAGO — 0.07%
Petroleum Co. of Trinidad & Tobago Ltd.
9.75%, 08/14/19^b		300		321,994

				321,994


			3

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2017


Security	Principal (000s)		Value
TURKEY — 3.87%
Akbank TAS
4.00%, 01/24/20^b	$	200	$	200,200
5.00%, 10/24/22^b		150		151,275
5.13%, 03/31/25^b		200		197,000
VRN, (5 year USD Swap + 5.026%)
7.20%, 03/16/27 (Call 03/16/22)^b,c		1,100		1,146,750
Finansbank AS/Turkey
4.88%, 05/19/22^b		1,100		1,097,506
TC Ziraat Bankasi AS
4.25%, 07/03/19^b		200		201,877
4.75%, 04/29/21^b		200		202,803
5.13%, 05/03/22^b		1,700		1,725,425
Turkiye Garanti Bankasi AS
4.75%, 10/17/19^b		600		614,250
5.25%, 09/13/22^b		200		204,000
5.88%, 03/16/23^b		600		624,750
6.25%, 04/20/21^b		200		212,750
VRN, (5 year USD Swap + 4.220%)
6.13%, 05/24/27 (Call 05/24/22)^b,c		1,400		1,399,306
Turkiye Halk Bankasi AS
3.88%, 02/05/20^b		500		488,125
4.75%, 06/04/19^b		200		201,250
4.75%, 02/11/21^b		200		198,180
5.00%, 07/13/21^b		500		498,125
Turkiye Is Bankasi
3.75%, 10/10/18^b		200		200,065
5.00%, 04/30/20^b		400		405,500
5.00%, 06/25/21^b		1,000		1,008,750
5.38%, 10/06/21^b		1,000		1,013,750
5.50%, 04/21/19^b		200		205,626
5.50%, 04/21/22^b		400		405,500
6.00%, 10/24/22^b		850		858,500
6.13%, 04/25/24^b		900		917,466
Turkiye Vakiflar Bankasi TAO
5.50%, 10/27/21^b		800		812,000
6.00%, 11/01/22^b		200		200,500
VRN, (5 year USD Swap + 5.439%)
6.88%, 02/03/25 (Call 02/03/20)^b,c		1,000		1,020,000
Yapi ve Kredi Bankasi AS
5.13%, 10/22/19^b		800		817,000
5.25%, 12/03/18^b		200		203,990
5.50%, 12/06/22^b		400		395,500
5.75%, 02/24/22^b		700		717,500
VRN, (5 year USD Swap + 7.400%)
8.50%, 03/09/26 (Call 03/09/21)^b,c		400		429,000

				18,974,219
UKRAINE — 0.04%
MHP SA
7.75%, 05/10/24^b		200		206,754

				206,754
UNITED KINGDOM — 0.08%
Sable International Finance Ltd.
6.88%, 08/01/22 (Call 08/01/18)^b		200		216,260
Tullow Oil PLC
6.00%, 11/01/20 (Call 08/10/17)^b		200		194,500

				410,760


Security	Principal (000s)		Value
VENEZUELA — 1.75%
Petroleos de Venezuela SA
5.38%, 04/12/27^b	$	2,670	$	870,153
5.50%, 04/12/37^b		1,439		468,538
6.00%, 05/16/24^b		4,760		1,576,750
6.00%, 11/15/26^b		3,500		1,125,950
8.50%, 10/27/20^b		2,700		1,782,000
9.00%, 11/17/21^b		1,855		725,769
9.75%, 05/17/35^b		2,480		972,532
12.75%, 02/17/22^b		2,338		1,075,480

				8,597,172
TOTAL CORPORATE BONDS & NOTES
(Cost: $201,147,569)				202,540,633

FOREIGN GOVERNMENT OBLIGATIONS^a — 56.23%

ARGENTINA — 6.39%
Argentine Republic Government International Bond
2.50%, 12/31/38^d		6,457		4,177,679
5.63%, 01/26/22		4,180		4,284,500
6.25%, 04/22/19		1,900		2,001,641
6.63%, 07/06/28		600		600,000
6.88%, 04/22/21		3,850		4,138,750
6.88%, 01/26/27		3,500		3,596,250
7.13%, 07/06/36		870		859,125
7.50%, 04/22/26		4,250		4,564,500
7.63%, 04/22/46		1,550		1,593,400
8.28%, 12/31/33		5,134		5,527,353

				31,343,198
AZERBAIJAN — 0.13%
State Oil Co. of the Azerbaijan Republic
6.95%, 03/18/30^b		600		639,490

				639,490
BAHRAIN — 1.74%
Bahrain Government International Bond
5.50%, 03/31/20^b		783		813,877
5.88%, 01/26/21^b		650		677,764
6.00%, 09/19/44^b		400		348,444
6.13%, 07/05/22^b		1,200		1,262,813
6.13%, 08/01/23^b		1,400		1,471,116
7.00%, 01/26/26^b		1,500		1,591,180
7.00%, 10/12/28^b		2,300		2,363,684

				8,528,878
BRAZIL — 6.10%
Banco Nacional de Desenvolvimento Economico e Social
4.00%, 04/14/19^b		400		407,081
4.75%, 05/09/24^b		1,800		1,779,991
5.50%, 07/12/20^b		200		211,115
5.75%, 09/26/23^b		900		958,500
6.50%, 06/10/19^b		600		637,500


4

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2017


Security	Principal (000s)		Value
Brazilian Government International Bond
2.63%, 01/05/23	$	1,800	$	1,695,600
4.25%, 01/07/25		4,768		4,768,000
4.88%, 01/22/21		3,711		3,931,805
5.00%, 01/27/45		3,050		2,732,800
5.63%, 01/07/41		2,150		2,115,600
5.63%, 02/21/47		900		878,400
5.88%, 01/15/19		900		950,739
6.00%, 04/07/26		2,992		3,285,216
7.13%, 01/20/37		1,710		1,987,875
8.25%, 01/20/34		1,650		2,103,750
8.75%, 02/04/25		500		641,738
8.88%, 10/14/19		300		342,999
8.88%, 04/15/24		150		192,000
10.13%, 05/15/27		225		322,875

				29,943,584
COSTA RICA — 0.64%
Costa Rica Government International Bond
4.25%, 01/26/23^b		400		391,500
4.38%, 04/30/25^b		400		384,493
5.63%, 04/30/43^b		200		179,657
7.00%, 04/04/44^b		1,462		1,525,963
7.16%, 03/12/45^b		600		634,500

				3,116,113
CROATIA — 1.46%
Croatia Government International Bond
5.50%, 04/04/23^b		800		888,000
6.00%, 01/26/24^b		1,200		1,368,000
6.38%, 03/24/21^b		1,800		2,004,300
6.63%, 07/14/20^b		1,350		1,491,750
6.75%, 11/05/19^b		1,300		1,415,375

				7,167,425
DOMINICAN REPUBLIC — 2.05%
Dominican Republic International Bond
5.50%, 01/27/25^b		300		315,750
5.88%, 04/18/24^b		1,240		1,331,450
5.95%, 01/25/27^b		200		213,500
6.60%, 01/28/24^b		1,300		1,447,992
6.85%, 01/27/45^b		2,090		2,272,875
6.88%, 01/29/26^b		1,300		1,477,125
7.45%, 04/30/44^b		1,150		1,342,625
7.50%, 05/06/21^b		1,500		1,659,375

				10,060,692
ECUADOR — 1.50%
Ecuador Government International Bond
7.95%, 06/20/24^b		1,065		1,018,406
8.75%, 06/02/23^b		800		800,645
9.63%, 06/02/27^b		600		613,044
9.65%, 12/13/26^b		2,400		2,454,000
10.50%, 03/24/20^b		800		847,000
10.75%, 03/28/22^b		1,500		1,620,000

				7,353,095


Security	Principal (000s)		Value
EGYPT — 1.83%
Egypt Government International Bond
5.75%, 04/29/20^b	$	760	$	787,550
5.88%, 06/11/25^b		2,190		2,168,100
6.13%, 01/31/22^b		1,600		1,652,000
6.88%, 04/30/40^b		300		287,690
7.50%, 01/31/27^b		2,100		2,257,500
8.50%, 01/31/47^b		1,700		1,850,875

				9,003,715
EL SALVADOR — 0.95%
El Salvador Government International Bond
5.88%, 01/30/25^b		750		678,221
6.38%, 01/18/27^b		900		817,352
7.38%, 12/01/19^b		250		253,108
7.63%, 02/01/41^b		300		275,801
7.65%, 06/15/35^b		880		814,000
7.75%, 01/24/23^b		575		582,514
8.25%, 04/10/32^b		200		198,238
8.63%, 02/28/29^b		1,000		1,034,423

				4,653,657
GHANA — 0.67%
Ghana Government International Bond
7.88%, 08/07/23^b		800		825,000
8.13%, 01/18/26^b		900		928,125
9.25%, 09/15/22^b		400		437,010
10.75%, 10/14/30^b		900		1,121,000

				3,311,135
GUATEMALA — 0.37%
Guatemala Government Bond
4.50%, 05/03/26^b		400		407,133
4.88%, 02/13/28^b		750		775,661
5.75%, 06/06/22^b		600		653,895

				1,836,689
IVORY COAST — 0.39%
Ivory Coast Government International Bond
5.38%, 07/23/24^b		400		394,042
6.13%, 06/15/33^b		600		588,799
6.38%, 03/03/28^b		900		924,750

				1,907,591
JAMAICA — 0.81%
Jamaica Government International Bond
6.75%, 04/28/28		2,000		2,277,500
7.63%, 07/09/25		200		234,127
7.88%, 07/28/45		400		475,800
8.00%, 03/15/39		843		1,003,170

				3,990,597


			5

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2017


Security	Principal (000s)		Value
JORDAN — 0.35%
Jordan Government International Bond
5.75%, 01/31/27^b	$	700	$	696,500
6.13%, 01/29/26^b		1,000		1,027,077

				1,723,577
LEBANON — 4.10%
Lebanon Government International Bond
5.15%, 11/12/18^b		150		150,687
5.45%, 11/28/19^b		300		299,476
5.50%, 04/23/19		200		200,601
5.80%, 04/14/20^b		1,165		1,164,365
6.00%, 05/20/19^b		300		303,088
6.00%, 01/27/23^b		550		542,438
6.10%, 10/04/22^b		1,600		1,590,000
6.15%, 06/19/20		350		353,391
6.20%, 02/26/25^b		300		295,329
6.25%, 05/27/22		300		301,900
6.25%, 11/04/24^b		623		616,493
6.38%, 03/09/20		700		709,625
6.40%, 05/26/23		2,600		2,617,507
6.60%, 11/27/26^b		850		845,750
6.65%, 04/22/24^b		740		747,843
6.65%, 11/03/28^b		1,115		1,097,246
6.65%, 02/26/30^b		1,490		1,467,650
6.75%, 11/29/27^b		617		613,915
6.85%, 03/23/27^b		800		806,255
6.85%, 05/25/29		400		399,839
7.00%, 03/23/32^b		900		899,979
7.05%, 11/02/35^b		100		99,246
7.25%, 03/23/37^b		600		602,252
8.25%, 04/12/21^b		3,164		3,389,435

				20,114,310
MOROCCO — 0.44%
Morocco Government International Bond
4.25%, 12/11/22^b		1,400		1,478,750
5.50%, 12/11/42^b		600		671,523

				2,150,273
NIGERIA — 0.50%
Nigeria Government International Bond
6.38%, 07/12/23^b		400		416,371
6.75%, 01/28/21^b		400		427,797
7.88%, 02/16/32^b		1,442		1,593,410

				2,437,578
PAKISTAN — 0.43%
Pakistan Government International Bond
7.25%, 04/15/19^b		400		418,326
8.25%, 04/15/24^b		1,325		1,476,726
8.25%, 09/30/25^b		200		226,693

				2,121,745


Security	Principal (000s)		Value
RUSSIA — 5.85%
Russian Foreign Bond-Eurobond
3.50%, 01/16/19^b	$	800	$	814,006
4.50%, 04/04/22^b		2,200		2,336,400
4.88%, 09/16/23^b		2,000		2,160,000
5.00%, 04/29/20^b		3,200		3,388,000
5.63%, 04/04/42^b		2,400		2,611,200
5.88%, 09/16/43^b		1,600		1,801,600
7.50%, 03/31/30^b,d		10,134		12,160,839
12.75%, 06/24/28^b		1,950		3,419,812

				28,691,857
SENEGAL — 0.19%
Senegal Government International Bond
6.25%, 05/23/33^b		700		719,539
8.75%, 05/13/21^b		200		229,376

				948,915
SERBIA — 0.81%
Serbia International Bond
4.88%, 02/25/20^b		2,200		2,304,500
5.88%, 12/03/18^b		200		209,465
7.25%, 09/28/21^b		1,250		1,450,000

				3,963,965
SOUTH AFRICA — 2.40%
Republic of South Africa Government International Bond
4.67%, 01/17/24		1,400		1,429,750
4.88%, 04/14/26		1,500		1,516,875
5.00%, 10/12/46		800		749,000
5.50%, 03/09/20		2,088		2,226,330
5.88%, 05/30/22		850		932,875
5.88%, 09/16/25		2,610		2,831,850
6.25%, 03/08/41		1,901		2,074,084

				11,760,764
SRI LANKA — 1.86%
Sri Lanka Government International Bond
5.13%, 04/11/19^b		200		205,049
5.75%, 01/18/22^b		600		627,329
5.88%, 07/25/22^b		2,109		2,206,541
6.00%, 01/14/19^b		400		413,511
6.13%, 06/03/25^b		200		207,950
6.20%, 05/11/27^b		380		392,543
6.25%, 10/04/20^b		300		318,750
6.25%, 07/27/21^b		2,200		2,345,750
6.83%, 07/18/26^b		1,050		1,130,062
6.85%, 11/03/25^b		1,200		1,296,000

				9,143,485


6

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2017


Security	Principal (000s)		Value
TRINIDAD AND TOBAGO — 0.24%
Trinidad & Tobago Government International Bond
4.50%, 08/04/26^b	$	1,200	$	1,191,000

				1,191,000
TURKEY — 8.99%
Export Credit Bank of Turkey
5.00%, 09/23/21^b		450		460,634
5.38%, 02/08/21^b		400		415,168
5.38%, 10/24/23^b		600		612,846
Turkey Government International Bond
3.25%, 03/23/23		1,300		1,230,125
4.25%, 04/14/26		600		577,500
4.88%, 10/09/26		4,400		4,394,500
4.88%, 04/16/43		3,600		3,244,536
5.13%, 03/25/22		949		995,264
5.63%, 03/30/21		2,050		2,188,375
5.75%, 03/22/24		1,900		2,028,250
5.75%, 05/11/47		1,800		1,789,749
5.88%, 04/24/19^b		400		415,486
6.00%, 03/25/27		2,779		2,994,372
6.00%, 01/14/41		2,816		2,914,560
6.25%, 09/26/22		1,800		1,975,500
6.63%, 02/17/45		2,050		2,280,625
6.75%, 05/30/40		725		815,625
6.88%, 03/17/36		1,220		1,384,700
7.00%, 03/11/19		800		853,992
7.00%, 06/05/20		2,100		2,307,375
7.25%, 03/05/38		1,100		1,302,125
7.38%, 02/05/25		2,570		3,006,900
7.50%, 11/07/19		1,700		1,863,625
8.00%, 02/14/34		1,263		1,580,329
11.88%, 01/15/30		1,550		2,481,937

				44,114,098
UKRAINE — 2.45%
Ukraine Government International Bond
7.75%, 09/01/19^b		900		933,750
7.75%, 09/01/20^b		2,526		2,619,462
7.75%, 09/01/21^b		850		875,500
7.75%, 09/01/22^b		1,264		1,292,440
7.75%, 09/01/23^b		1,175		1,186,750
7.75%, 09/01/24^b		1,813		1,807,561
7.75%, 09/01/25^b		636		629,004
7.75%, 09/01/26^b		960		942,720
7.75%, 09/01/27^b		1,050		1,028,475
Ukreximbank Via Biz Finance PLC
9.75%, 01/22/25^b		650		681,005

				11,996,667
VENEZUELA — 2.12%
Venezuela Government International Bond
6.00%, 12/09/20^b		1,780		694,200
7.00%, 12/01/18^b		800		412,005
7.00%, 03/31/38^b		900		348,750
7.65%, 04/21/25^b		1,058		404,685
7.75%, 10/13/19^b		2,049		870,825


Security	Principal or Shares (000s)		Value
8.25%, 10/13/24^b	$	1,500	$	573,750
9.00%, 05/07/23^b		2,037		784,245
9.25%, 09/15/27		3,126		1,312,920
9.25%, 05/07/28^b		2,240		862,400
9.38%, 01/13/34		1,110		452,325
11.75%, 10/21/26^b		2,535		1,064,700
11.95%, 08/05/31^b		3,200		1,336,000
12.75%, 08/23/22^b		2,900		1,283,250

				10,400,055
VIETNAM — 0.47%
Vietnam Government International Bond
4.80%, 11/19/24^b		1,000		1,052,000
6.75%, 01/29/20^b		1,150		1,253,559

				2,305,559
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $276,025,346)				275,919,707

SHORT-TERM INVESTMENTS — 1.02%

MONEY MARKET FUNDS — 1.02%
BlackRock Cash Funds: Treasury, SL Agency Shares 0.98%^e,f		5,023		5,023,172

				5,023,172

TOTAL SHORT-TERM INVESTMENTS (Cost: $5,023,172)				5,023,172

TOTAL INVESTMENTS IN SECURITIES — 98.53%
(Cost: $482,196,087)^g				483,483,512
Other Assets, Less Liabilities — 1.47%				7,222,403

NET ASSETS — 100.00%			$	490,705,915

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	Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.

^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 $482,354,022. Net unrealized appreciation was $1,129,490, of which $7,070,655 represented gross unrealized appreciation on securities and $5,941,165 represented gross unrealized depreciation on securities.


			7

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

July 31, 2017

Schedule 1 — Fair Value Measurements

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

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of July 31, 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	$	—	$	202,540,633	$	—	$	202,540,633
Foreign government obligations		—		275,919,707		—		275,919,707
Money market funds		5,023,172		—		—		5,023,172

Total	$	5,023,172	$	478,460,340	$	—	$	483,483,512


8

Schedule of Investments (Unaudited)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)			Value
CORPORATE BONDS & NOTES — 97.31%

AUSTRALIA — 0.20%
FMG Resources August 2006 Pty Ltd.
4.75%, 05/15/22 (Call 02/15/22)^a		USD	130	$	134,192
5.13%, 05/15/24 (Call 02/15/24)^a,b		USD	135		139,671
Origin Energy Finance Ltd. VRN, (5 year EUR Swap + 3.670%)
4.00%, 09/16/74 (Call 09/16/19)^c,d		EUR	100		121,538

					395,401

AUSTRIA — 0.21%
Raiffeisen Bank International AG
6.00%, 10/16/23^d		EUR	200		278,126
VRN, (5 year EUR Swap + 3.300%)
4.50%, 02/21/25 (Call 02/21/20)^c,d		EUR	100		125,872

					403,998

BELGIUM — 0.27%
Barry Callebaut Services NV
5.63%, 06/15/21^d		EUR	100		140,296
Ethias SA
5.00%, 01/14/26^d		EUR	100		129,429
Nyrstar Netherlands Holdings BV
6.88%, 03/15/24 (Call 03/15/20)^d		EUR	100		120,654
8.50%, 09/15/19^d		EUR	100		129,649

					520,028

CANADA — 3.48%
1011778 BC ULC/New Red Finance Inc.
4.25%, 05/15/24 (Call 05/15/20)^a		USD	225		225,951
4.63%, 01/15/22 (Call 10/01/17)^a		USD	200		204,750
6.00%, 04/01/22 (Call 10/01/17)^a		USD	375		387,539
Air Canada
4.75%, 10/06/23 (Call 10/06/19)^a		CAD	25		20,371
7.75%, 04/15/21^a,b		USD	75		85,969
Baytex Energy Corp.
6.63%, 07/19/22 (Call 08/30/17)		CAD	50		37,983
Bombardier Inc.
4.75%, 04/15/19^a		USD	50		51,213
5.75%, 03/15/22^a		USD	150		152,655
6.00%, 10/15/22 (Call 08/31/17)^a,b		USD	200		203,000
6.13%, 05/15/21^d		EUR	100		128,105
6.13%, 01/15/23^a		USD	175		177,981
7.50%, 03/15/25 (Call 03/15/20)^a		USD	225		238,500
7.75%, 03/15/20^a		USD	125		136,362
8.75%, 12/01/21^a		USD	225		255,375
Brookfield Residential Properties Inc.
6.13%, 05/15/23 (Call 05/15/18)^a		CAD	50		41,452
6.50%, 12/15/20 (Call 08/31/17)^a		USD	50		51,490
Brookfield Residential Properties Inc./Brookfield Residential U.S. Corp.
6.13%, 07/01/22 (Call 08/31/17)^a,b		USD	75		78,077
Cascades Inc.
5.50%, 07/15/21 (Call 08/30/17)^a		CAD	25		20,752


Security	Principal (000s)			Value
CES Energy Solutions Corp.
7.38%, 04/17/20 (Call 08/30/17)		CAD	25	$	20,707
Concordia International Corp.
7.00%, 04/15/23 (Call 04/15/18)^a,b		USD	50		9,125
9.50%, 10/21/22 (Call 12/15/18)^a		USD	75		15,375
Cott Beverages Inc.
5.38%, 07/01/22 (Call 08/31/17)		USD	125		130,078
Cott Corp.
5.50%, 07/01/24 (Call 07/01/19)^d		EUR	100		129,562
Cott Holdings Inc.
5.50%, 04/01/25 (Call 04/01/20)^a		USD	125		130,868
Gibson Energy Inc.
5.38%, 07/15/22 (Call 08/30/17)^a		CAD	50		40,492
Great Canadian Gaming Corp.
6.63%, 07/25/22 (Call 08/30/17)^a		CAD	50		41,353
Iron Mountain Canada Operations ULC
5.38%, 09/15/23 (Call 09/15/19)^a		CAD	25		21,061
Jupiter Resources Inc.
8.50%, 10/01/22 (Call 10/01/17)^a		USD	175		125,125
Kinross Gold Corp.
4.50%, 07/15/27 (Call 04/15/27)^a		USD	80		79,600
5.13%, 09/01/21 (Call 06/01/21)		USD	50		53,042
5.95%, 03/15/24 (Call 12/15/23)		USD	105		114,645
Lundin Mining Corp.
7.50%, 11/01/20 (Call 11/01/17)^a		USD	50		52,410
7.88%, 11/01/22 (Call 11/01/18)^a		USD	75		81,816
Mattamy Group Corp.
6.88%, 11/15/20 (Call 08/30/17)^a		CAD	50		40,960
MEG Energy Corp.
6.38%, 01/30/23 (Call 08/31/17)^a		USD	150		124,732
6.50%, 01/15/25 (Call 01/15/20)^a,b		USD	125		120,460
7.00%, 03/31/24 (Call 09/30/18)^a,b		USD	125		103,750
Newalta Corp.
Series 2
7.75%, 11/14/19 (Call 08/30/17)		CAD	22		16,537
NOVA Chemicals Corp.
4.88%, 06/01/24 (Call 03/03/24)^a,b		USD	165		166,341
5.00%, 05/01/25 (Call 01/31/25)^a		USD	50		50,108
5.25%, 08/01/23 (Call 08/01/18)^a,b		USD	125		128,851
5.25%, 06/01/27 (Call 03/03/27)^a		USD	175		175,656
Open Text Corp.
5.63%, 01/15/23 (Call 01/15/18)^a		USD	50		52,424
5.88%, 06/01/26 (Call 06/01/21)^a		USD	155		167,594
Parkland Fuel Corp.
5.63%, 05/09/25 (Call 05/09/20)		CAD	100		80,515
5.75%, 09/16/24 (Call 09/16/19)^a		CAD	25		20,366
5.75%, 09/16/24 (Call 09/16/19)		CAD	50		40,732
6.00%, 11/21/22 (Call 11/21/17)		CAD	50		41,532
Precision Drilling Corp.
5.25%, 11/15/24 (Call 05/15/19)^b		USD	75		67,062
Quebecor Media Inc.
5.75%, 01/15/23		USD	225		241,477
6.63%, 01/15/23^a		CAD	100		87,686
Russel Metals Inc.
6.00%, 04/19/22 (Call 08/30/17)^a		CAD	25		20,591
Seven Generations Energy Ltd.
6.75%, 05/01/23 (Call 05/01/18)^a		USD	50		52,472
6.88%, 06/30/23 (Call 06/30/18)^a,b		USD	125		131,367
Superior Plus LP
5.25%, 02/27/24 (Call 02/27/20)		CAD	50		40,962
6.50%, 12/09/21 (Call 12/09/17)		CAD	25		21,141


			9

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)			Value
Teck Resources Ltd.
3.75%, 02/01/23 (Call 11/01/22)^b		USD	100	$	100,505
4.75%, 01/15/22 (Call 10/15/21)		USD	150		157,816
8.50%, 06/01/24 (Call 06/01/19)^a		USD	100		115,695
Trilogy Energy Corp.
7.25%, 12/13/19 (Call 08/30/17)		CAD	25		20,416
Valeant Pharmaceuticals International Inc.
5.63%, 12/01/21 (Call 08/31/17)^a		USD	175		158,812
6.75%, 08/15/18 (Call 08/15/17)^a		USD	75		75,107
7.50%, 07/15/21 (Call 08/31/17)^a		USD	250		243,125
Videotron Ltd.
5.00%, 07/15/22		USD	75		80,250
5.38%, 06/15/24 (Call 03/15/24)^a,b		USD	50		53,271
5.63%, 06/15/25 (Call 03/15/25)		CAD	50		43,091
5.75%, 01/15/26 (Call 09/15/20)^d		CAD	75		64,378
Videotron Ltd./Videotron Ltee
5.13%, 04/15/27 (Call 04/15/22)^a		USD	85		87,308
Yellow Pages Digital & Media Solutions Ltd.
9.25%, 11/30/18 (Call 08/30/17)		CAD	26		20,789

					6,756,663

DENMARK — 0.13%
Nassa Topco AS
2.88%, 04/06/24 (Call 01/06/24)^d		EUR	100		122,664
TDC A/S VRN, (5 year EUR Swap + 3.110%)
3.50%, 02/26/49 (Call 02/26/21)^c,d		EUR	100		121,339

					244,003

FINLAND — 0.48%
Nokia OYJ
1.00%, 03/15/21 (Call 02/15/21)^d		EUR	100		118,572
2.00%, 03/15/24 (Call 12/15/23)^d		EUR	125		149,667
3.38%, 06/12/22		USD	75		75,703
4.38%, 06/12/27^b		USD	80		81,900
5.38%, 05/15/19		USD	23		24,323
Outokumpu OYJ
7.25%, 06/16/21 (Call 06/16/18)^d		EUR	90		114,760
Stora Enso OYJ
2.13%, 06/16/23 (Call 03/16/23)^d		EUR	100		121,624
Teollisuuden Voima OYJ
2.13%, 02/04/25 (Call 11/04/24)^d		EUR	100		116,674
2.63%, 01/13/23^d		EUR	100		122,680

					925,903

FRANCE — 4.51%
3AB Optique Developpement SAS
5.63%, 04/15/19 (Call 08/30/17)^d		EUR	100		118,690
Areva SA
3.25%, 09/04/20^d		EUR	100		124,379
3.50%, 03/22/21		EUR	100		126,518
Autodis SA
4.38%, 05/01/22 (Call 05/01/18)^d		EUR	100		122,016
Banijay Group SAS
4.00%, 07/01/22 (Call 07/01/19)^d		EUR	100		121,534
Burger King France SAS
6.00%, 05/01/24 (Call 05/01/20)^d		EUR	100		126,016


Security	Principal (000s)			Value
Casino Guichard Perrachon SA
1.87%, 06/13/22 (Call 03/13/22)^d		EUR	100	$	119,542
4.05%, 08/05/26 (Call 05/05/26)^d		EUR	100		127,697
4.41%, 08/06/19^d		EUR	100		127,916
4.50%, 03/07/24 (Call 12/07/23)^d		EUR	200		264,266
4.56%, 01/25/23^d		EUR	100		133,728
5.24%, 03/09/20		EUR	100		133,051
5.98%, 05/26/21^d		EUR	200		278,842
CMA CGM SA
6.50%, 07/15/22 (Call 07/15/19)^d		EUR	100		121,398
8.75%, 12/15/18 (Call 08/07/17)^d		EUR	100		120,592
ContourGlobal Power Holdings SA
5.13%, 06/15/21 (Call 06/15/18)^d		EUR	100		123,779
Elis SA
3.00%, 04/30/22 (Call 04/30/18)^d		EUR	100		121,495
Faurecia
3.13%, 06/15/22 (Call 06/15/18)^d		EUR	100		121,707
3.63%, 06/15/23 (Call 06/15/19)^d		EUR	100		124,189
Groupe Fnac SA
3.25%, 09/30/23 (Call 09/30/19)^d		EUR	200		249,069
HomeVi SAS
6.88%, 08/15/21 (Call 08/15/17)^d		EUR	100		122,616
La Financiere Atalian SAS
4.00%, 05/15/24 (Call 05/15/20)^d		EUR	100		122,995
Loxam SAS
4.88%, 07/23/21 (Call 08/10/17)^d		EUR	100		120,944
6.00%, 04/15/25 (Call 04/15/20)^d		EUR	100		127,673
Mobilux Finance SAS
5.50%, 11/15/24 (Call 11/15/19)^d		EUR	100		124,854
NEW Areva Holding SA
3.13%, 03/20/23 (Call 12/20/22)^d		EUR	200		246,222
4.88%, 09/23/24		EUR	100		133,123
Nexans SA
3.25%, 05/26/21 (Call 02/26/21)^d		EUR	100		128,180
Novafives SAS
4.50%, 06/30/21 (Call 08/10/17)^d		EUR	100		119,976
Paprec Holding
5.25%, 04/01/22 (Call 04/01/18)^d		EUR	125		153,957
Peugeot SA
2.00%, 03/23/24^d		EUR	100		119,370
2.38%, 04/14/23^d		EUR	100		125,253
6.50%, 01/18/19^d		EUR	100		128,931
Rexel SA
2.63%, 06/15/24 (Call 03/15/20)^d		EUR	125		149,342
3.25%, 06/15/22 (Call 06/15/18)^d		EUR	100		122,151
3.50%, 06/15/23 (Call 06/15/19)^d		EUR	100		123,906
SFR Group SA
5.38%, 05/15/22 (Call 08/30/17)^d		EUR	200		245,814
5.63%, 05/15/24 (Call 05/15/19)^d		EUR	200		256,323
6.00%, 05/15/22 (Call 08/31/17)^a		USD	600		627,549
6.25%, 05/15/24 (Call 05/15/19)^a		USD	200		210,849
7.38%, 05/01/26 (Call 05/01/21)^a		USD	1,000		1,082,500
SMCP Group SAS
5.88%, 05/01/23 (Call 05/01/19)^d		EUR	90		115,117
SPCM SA
2.88%, 06/15/23 (Call 06/15/18)^d		EUR	100		120,451
SPIE SA
3.13%, 03/22/24 (Call 09/22/23)^d		EUR	100		122,023
Synlab Bondco PLC
6.25%, 07/01/22 (Call 07/01/18)^d		EUR	150		190,750
Tereos Finance Groupe I SA
4.13%, 06/16/23 (Call 03/16/23)^d		EUR	100		120,304


10

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)			Value
THOM Europe SAS
7.38%, 07/15/19 (Call 08/08/17)^d		EUR	100	$	119,876
Vallourec SA
2.25%, 09/30/24^d		EUR	100		94,040
3.25%, 08/02/19^d		EUR	100		120,617
Verallia Packaging SASU
5.13%, 08/01/22 (Call 08/01/18)^d		EUR	100		124,963
WFS Global Holding SAS
9.50%, 07/15/22 (Call 07/15/18)^d		EUR	100		127,980

					8,755,073

GERMANY — 2.83%
Bilfinger SE
2.38%, 12/07/19^d		EUR	100		122,362
BMBG Bond Finance SCA
3.00%, 06/15/21 (Call 06/15/18)^d		EUR	100		121,499
Deutsche Lufthansa AG VRN, (5 year EUR Swap + 4.783%)
5.13%, 08/12/75 (Call 02/12/21)^c,d		EUR	100		128,847
Douglas GmbH
6.25%, 07/15/22 (Call 07/15/18)^d		EUR	100		127,575
Hapag-Lloyd AG
5.13%, 07/15/24 (Call 07/15/20)^d		EUR	100		120,092
6.75%, 02/01/22 (Call 02/01/19)^d		EUR	100		126,153
K+S AG
3.00%, 06/20/22^d		EUR	100		125,592
4.13%, 12/06/21^d		EUR	100		132,936
LANXESS AG VRN, (5 year EUR Swap + 4.510%)
4.50%, 12/06/76 (Call 06/06/23)^c,d		EUR	100		128,857
Norddeutsche Landesbank Girozentrale
6.00%, 06/29/20		EUR	50		63,558
Phoenix PIB Dutch Finance BV
3.13%, 05/27/20^d		EUR	100		125,858
PrestigeBidCo GmbH
6.25%, 12/15/23 (Call 12/15/19)^d		EUR	100		127,709
ProGroup AG
5.13%, 05/01/22 (Call 05/01/18)^d		EUR	100		124,137
RWE AG
VRN, (5 year EUR Swap + 2.643%)
2.75%, 04/21/75 (Call 10/21/20)^c,d		EUR	100		119,174
VRN, (5 year EUR Swap + 3.245%)
3.50%, 04/21/75 (Call 04/21/25)^c,d		EUR	100		116,356
Senvion Holding GmbH
3.88%, 10/25/22 (Call 05/01/19)^d		EUR	100		120,318
thyssenkrupp AG
1.38%, 03/03/22 (Call 12/03/21)^d		EUR	150		177,278
1.75%, 11/25/20 (Call 08/25/20)^d		EUR	100		121,937
2.50%, 02/25/25^d		EUR	100		123,904
2.75%, 03/08/21 (Call 12/08/20)^d		EUR	400		499,134
4.00%, 08/27/18		EUR	175		214,654
TUI AG
2.13%, 10/26/21 (Call 07/26/21)^d		EUR	100		122,490
Unitymedia GmbH
3.75%, 01/15/27 (Call 01/15/21)^d		EUR	100		120,159
6.13%, 01/15/25 (Call 01/15/20)^a		USD	200		214,685
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
3.50%, 01/15/27 (Call 01/15/21)^d		EUR	100		122,235
4.00%, 01/15/25 (Call 01/15/20)^d		EUR	100		125,009


Security	Principal (000s)			Value
4.63%, 02/15/26 (Call 02/15/21)^d		EUR	100	$	128,441
5.13%, 01/21/23 (Call 01/21/18)^d		EUR	73		89,730
5.50%, 09/15/22 (Call 09/15/17)^d		EUR	81		98,596
5.50%, 01/15/23 (Call 01/15/18)^a		USD	180		186,850
5.63%, 04/15/23 (Call 04/15/18)^d		EUR	70		87,325
WEPA Hygieneprodukte GmbH
3.75%, 05/15/24 (Call 05/15/19)^d		EUR	100		123,290
ZF North America Capital Inc.
2.25%, 04/26/19^d		EUR	100		121,715
2.75%, 04/27/23^d		EUR	200		252,016
4.00%, 04/29/20^a		USD	150		153,859
4.50%, 04/29/22^a		USD	150		157,677
4.75%, 04/29/25^a		USD	300		313,500

					5,485,507

GREECE — 0.19%
Intralot Capital Luxembourg SA
6.75%, 09/15/21 (Call 09/15/18)^d		EUR	100		125,105
OTE PLC
3.50%, 07/09/20^d		EUR	100		122,689
Titan Global Finance PLC
3.50%, 06/17/21^d		EUR	100		126,112

					373,906

HONG KONG — 0.04%
Noble Group Ltd.
6.75%, 01/29/20^a		USD	200		71,063

					71,063

IRELAND — 1.43%
Allied Irish Banks PLC VRN, (5 year EUR Swap + 3.950%)
4.13%, 11/26/25 (Call 11/26/20)^c,d		EUR	100		127,026
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
2.75%, 03/15/24 (Call 03/15/20)^d		EUR	150		180,972
4.13%, 05/15/23 (Call 05/15/19)^d		EUR	100		125,342
4.25%, 01/15/22 (Call 08/01/17)^d		EUR	35		42,196
4.25%, 09/15/22 (Call 03/15/19)^a		USD	200		205,500
4.63%, 05/15/23 (Call 05/15/19)^a		USD	200		205,300
6.00%, 02/15/25 (Call 02/15/20)^a		USD	200		213,010
6.75%, 05/15/24 (Call 05/15/19)^d		EUR	100		132,148
7.25%, 05/15/24 (Call 05/15/19)^a		USD	400		442,041
Bank of Ireland VRN, (5 year EUR Swap + 3.550%)
4.25%, 06/11/24 (Call 06/11/19)^c,d		EUR	200		249,462
eircom Finance DAC
4.50%, 05/31/22 (Call 05/31/18)^d		EUR	100		123,088
Park Aerospace Holdings Ltd.
5.25%, 08/15/22^a,b		USD	260		264,923
5.50%, 02/15/24^a,b		USD	210		214,345
Smurfit Kappa Acquisitions
2.38%, 02/01/24 (Call 11/01/23)^d		EUR	100		121,146
4.13%, 01/30/20^d		EUR	100		128,808

					2,775,307

ITALY — 6.17%
Autostrada Brescia Verona Vicenza Padova SpA
2.38%, 03/20/20^d		EUR	100		124,830


			11

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)			Value
Banca Monte dei Paschi di Siena SpA
3.63%, 04/01/19^d		EUR	100	$	122,439
5.00%, 04/21/20^d		EUR	50		26,215
Banca Popolare di Milano Scarl
7.13%, 03/01/21^d		EUR	100		128,705
Banca Popolare di Vicenza
2.75%, 03/20/20^d		EUR	100		124,834
5.00%, 10/25/18^d		EUR	100		124,619
Banco BPM SpA
2.75%, 07/27/20^d		EUR	300		367,046
Banco Popolare SC
3.50%, 03/14/19^d		EUR	200		245,269
6.00%, 11/05/20^d		EUR	100		124,800
BPER Banca VRN, (5 year EUR Swap + 4.910%)
5.13%, 05/31/27 (Call 05/31/22)^c,d		EUR	100		123,137
Buzzi Unicem SpA
2.13%, 04/28/23 (Call 01/28/23)^d		EUR	100		123,444
Cooperativa Muratori & Cementisti-CMC di Ravenna SC
6.88%, 08/01/22 (Call 08/01/19)^d		EUR	100		117,637
Enel SpA
VRN, (5 year EUR Swap + 3.648%)
5.00%, 01/15/75 (Call 01/15/20)^c,d		EUR	200		255,720
VRN, (5 year EUR Swap + 5.242%)
6.50%, 01/10/74 (Call 01/10/19)^c,d		EUR	200		254,852
VRN, (5 year USD Swap + 5.880%)
8.75%, 09/24/73 (Call 09/24/23)^a,c		USD	200		238,999
Fiat Chrysler Finance Europe
4.75%, 03/22/21^d		EUR	300		394,691
4.75%, 07/15/22^d		EUR	200		264,824
6.75%, 10/14/19^d		EUR	200		264,982
Iccrea Banca SpA
1.50%, 02/21/20^d		EUR	100		119,436
1.88%, 11/25/19^d		EUR	100		120,886
International Game Technology PLC
4.13%, 02/15/20 (Call 11/15/19)^d		EUR	100		126,432
Intesa Sanpaolo SpA
2.86%, 04/23/25^d		EUR	100		120,272
3.93%, 09/15/26^d		EUR	100		127,757
5.00%, 09/23/19^d		EUR	150		192,752
5.15%, 07/16/20		EUR	300		396,959
6.63%, 09/13/23^d		EUR	200		293,553
Leonardo SpA
1.50%, 06/07/24 (Call 03/07/24)^d		EUR	150		174,658
4.50%, 01/19/21		EUR	100		133,017
5.25%, 01/21/22		EUR	100		139,594
8.00%, 12/16/19		GBP	100		152,626
Mediobanca SpA
5.00%, 11/15/20		EUR	100		132,333
5.75%, 04/18/23		EUR	100		137,513
N&W Global Vending SpA
7.00%, 10/15/23 (Call 10/15/19)^d		EUR	100		123,699
Saipem Finance International BV
3.00%, 03/08/21^d		EUR	100		120,715
3.75%, 09/08/23^d		EUR	100		121,252
Salini Impregilo SpA
3.75%, 06/24/21^d		EUR	100		128,983
Schumann SpA
7.00%, 07/31/23 (Call 07/31/19)^d		EUR	100		118,216
Snaitech SpA
6.38%, 11/07/21 (Call 11/07/18)^d		EUR	100		127,051


Security	Principal (000s)			Value
Telecom Italia Capital SA
7.18%, 06/18/19		USD	100	$	108,564
Telecom Italia SpA
4.00%, 01/21/20^d		EUR	200		257,514
4.88%, 09/25/20^d		EUR	100		134,689
5.25%, 02/10/22^d		EUR	150		212,726
Telecom Italia SpA/Milano
2.50%, 07/19/23^d		EUR	400		503,157
3.00%, 09/30/25^d		EUR	200		254,149
3.25%, 01/16/23^d		EUR	100		131,431
3.63%, 01/19/24^d		EUR	100		132,952
3.63%, 05/25/26^d		EUR	100		132,911
4.50%, 01/25/21^d		EUR	100		134,803
5.30%, 05/30/24^a		USD	200		220,500
6.38%, 06/24/19		GBP	100		144,231
UniCredit SpA
6.95%, 10/31/22^d		EUR	200		288,431
VRN, (5 year EUR Swap + 4.100%)
5.75%, 10/28/25 (Call 10/28/20)^c,d		EUR	300		393,900
VRN, (5 year EUR Swap + 4.316%)
4.38%, 01/03/27 (Call 01/03/22)^c,d		EUR	100		126,756
VRN, (5 year USD ICE Swap + 3.703%)
5.86%, 06/19/32 (Call 06/19/27)^a,b,c		USD	200		210,224
Unione di Banche Italiane SpA
VRN, (5 year EUR Swap + 4.182%)
4.25%, 05/05/26 (Call 05/05/21)^c,d		EUR	100		121,609
VRN, (5 year EUR Swap + 4.240%)
4.45%, 09/15/27 (Call 09/15/22)^c,d		EUR	100		122,354
Unipol Gruppo Finanziario SpA
3.00%, 03/18/25^d		EUR	115		136,562
4.38%, 03/05/21^d		EUR	100		130,291
Wind Acquisition Finance SA
4.00%, 07/15/20 (Call 08/10/17)^d		EUR	300		357,955
4.75%, 07/15/20 (Call 08/31/17)^a		USD	400		405,000
7.00%, 04/23/21 (Call 08/30/17)^d		EUR	300		369,357
7.38%, 04/23/21 (Call 08/31/17)^a		USD	400		415,473

					11,980,286

JAPAN — 0.49%
SoftBank Group Corp.
4.00%, 07/30/22 (Call 04/30/22)^d		EUR	100		128,793
4.50%, 04/15/20^a		USD	400		413,000
4.75%, 07/30/25 (Call 04/30/25)^d		EUR	200		267,073
5.25%, 07/30/27 (Call 04/30/27)^d		EUR	100		135,953

					944,819

LUXEMBOURG — 3.24%
Altice Financing SA
5.25%, 02/15/23 (Call 02/15/18)^d		EUR	100		124,632
6.50%, 01/15/22 (Call 08/31/17)^a		USD	200		208,440
6.63%, 02/15/23 (Call 02/15/18)^a		USD	400		425,000
7.50%, 05/15/26 (Call 05/15/21)^a		USD	400		443,297
Altice Finco SA
9.00%, 06/15/23 (Call 06/15/18)^d		EUR	100		131,079
Altice Luxembourg SA
6.25%, 02/15/25 (Call 02/15/20)^d		EUR	100		129,251
7.25%, 05/15/22 (Call 08/30/17)^d		EUR	400		500,626
7.63%, 02/15/25 (Call 02/15/20)^a		USD	200		218,278
7.75%, 05/15/22 (Call 08/31/17)^a		USD	400		425,000


12

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)			Value
ArcelorMittal
2.88%, 07/06/20^d		EUR	100	$	125,931
3.13%, 01/14/22^d		EUR	300		384,798
6.00%, 08/05/20		USD	150		162,062
6.00%, 03/01/21		USD	200		218,525
6.13%, 06/01/25^b		USD	75		85,662
6.75%, 02/25/22		USD	150		168,840
B&M European Value Retail SA
4.13%, 02/01/22 (Call 02/01/19)^d		GBP	100		137,824
DEA Finance SA
7.50%, 10/15/22 (Call 04/15/19)^d		EUR	100		127,774
Garfunkelux Holdco 3 SA
8.50%, 11/01/22 (Call 11/01/18)^d		GBP	100		141,608
INEOS Group Holdings SA
5.38%, 08/01/24 (Call 08/01/19)^d		EUR	100		125,951
Intelsat Connect Finance SA
12.50%, 04/01/22 (Call 06/01/18)^a		USD	125		120,102
Intelsat Jackson Holdings SA
5.50%, 08/01/23 (Call 08/01/18)		USD	300		258,750
7.25%, 10/15/20 (Call 08/31/17)		USD	350		336,438
7.50%, 04/01/21 (Call 08/31/17)		USD	200		189,500
8.00%, 02/15/24 (Call 02/15/19)^a		USD	200		217,250
9.50%, 09/30/22^a		USD	50		60,107
9.75%, 07/15/25 (Call 07/15/21)^a		USD	255		263,067
Intelsat Luxembourg SA
7.75%, 06/01/21 (Call 08/31/17)		USD	71		45,351
8.13%, 06/01/23 (Call 06/01/18)		USD	8		4,950
Matterhorn Telecom SA
3.88%, 05/01/22 (Call 05/01/18)^d		EUR	100		121,242
Picard Bondco SA
7.75%, 02/01/20 (Call 08/30/17)^d		EUR	100		122,966
Swissport Investments SA
6.75%, 12/15/21 (Call 06/15/18)^d		EUR	100		126,509
Telenet Finance VI Luxembourg SCA
4.88%, 07/15/27 (Call 07/15/21)^d		EUR	100		129,089

					6,279,899

NETHERLANDS — 2.10%
Constellium NV
4.63%, 05/15/21 (Call 05/15/18)^d		EUR	100		119,588
5.75%, 05/15/24 (Call 05/15/19)^a		USD	250		242,083
CSC Holdings LLC
6.63%, 10/15/25 (Call 10/15/20)^a		USD	200		221,386
InterXion Holding NV
6.00%, 07/15/20 (Call 08/10/17)^d		EUR	100		121,462
Maxeda DIY Holding BV
6.13%, 07/15/22 (Call 07/15/19)^d		EUR	100		120,848
NXP BV/NXP Funding LLC
3.88%, 09/01/22^a		USD	200		207,750
4.13%, 06/15/20^a		USD	200		208,839
4.13%, 06/01/21^a		USD	200		209,750
4.63%, 06/01/23^a		USD	200		215,455
Samvardhana Motherson Automotive System Group BV
1.80%, 07/06/24^d		EUR	100		115,412
Sensata Technologies BV
4.88%, 10/15/23^a		USD	125		129,261
5.00%, 10/01/25^a		USD	150		157,762
5.63%, 11/01/24^a,b		USD	100		108,750
United Group BV
4.38%, 07/01/22 (Call 07/01/19)^d		EUR	100		117,900


Security	Principal (000s)			Value
UPC Holding BV
6.75%, 03/15/23 (Call 03/15/18)^d		EUR	100	$	125,842
UPCB Finance IV Ltd.
4.00%, 01/15/27 (Call 01/15/21)^d		EUR	100		123,226
5.38%, 01/15/25 (Call 01/15/20)^a		USD	200		208,750
UPCB Finance VII Ltd.
3.63%, 06/15/29 (Call 06/15/22)^d		EUR	150		175,845
Ziggo Bond Co. BV
7.13%, 05/15/24 (Call 05/15/19)^d		EUR	100		133,206
Ziggo Bond Finance BV
4.63%, 01/15/25 (Call 01/15/20)^d		EUR	100		125,024
6.00%, 01/15/27 (Call 01/15/22)^a		USD	150		155,079
Ziggo Secured Finance BV
3.75%, 01/15/25 (Call 01/15/20)^d		EUR	200		247,081
4.25%, 01/15/27 (Call 01/15/22)^d		EUR	100		124,860
5.50%, 01/15/27 (Call 01/15/22)^a,b		USD	350		362,250

					4,077,409

NEW ZEALAND — 0.20%
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC
5.13%, 07/15/23 (Call 07/15/19)^a		USD	245		257,863
7.00%, 07/15/24 (Call 07/15/19)^a,b		USD	125		135,290

					393,153

NORWAY — 0.06%
Silk Bidco AS
7.50%, 02/01/22 (Call 02/01/18)^d		EUR	100		124,585

					124,585

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,d		EUR	100		130,262

					130,262

SINGAPORE — 0.31%
Global A&T Electronics Ltd.
10.00%, 02/01/19 (Call 08/28/17)^a		USD	200		146,000
Lincoln Finance Ltd.
6.88%, 04/15/21 (Call 04/15/18)^d		EUR	200		252,623
Puma International Financing SA
6.75%, 02/01/21 (Call 08/31/17)^a		USD	200		206,044

					604,667

SPAIN — 1.51%
Banco de Sabadell SA
5.63%, 05/06/26^d		EUR	100		137,143
Bankia SA
VRN, (5 year EUR Swap + 3.166%)
4.00%, 05/22/24 (Call 05/22/19)^c,d		EUR	200		247,172
VRN, (5 year EUR Swap + 3.350%)
3.38%, 03/15/27 (Call 03/15/22)^c,d		EUR	100		123,328
Bankinter SA VRN, (5 year EUR Swap + 2.400%)
2.50%, 04/06/27 (Call 04/06/22)^c,d		EUR	100		120,578


			13

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)			Value
CaixaBank SA
2.75%, 07/14/28^d,e		EUR	200	$	241,297
VRN, (5 year EUR Swap + 3.350%)
3.50%, 02/15/27 (Call 02/15/22)^c,d		EUR	100		125,731
VRN, (5 year EUR Swap + 3.950%)
5.00%, 11/14/23 (Call 11/14/18)^c,d		EUR	100		124,504
Campofrio Food Group SA
3.38%, 03/15/22 (Call 03/15/18)^d		EUR	80		97,180
Cellnex Telecom SA
2.38%, 01/16/24 (Call 10/16/23)^d		EUR	100		121,389
2.88%, 04/18/25 (Call 01/18/25)^d		EUR	100		122,870
3.13%, 07/27/22^d		EUR	100		128,973
Cirsa Funding Luxembourg SA
5.88%, 05/15/23 (Call 05/15/18)^d		EUR	100		124,643
Codere Finance 2 Luxembourg SA
6.75%, 11/01/21 (Call 10/31/18)^d		EUR	100		119,973
eDreams ODIGEO SA
8.50%, 08/01/21 (Call 08/01/18)^d		EUR	100		128,423
Gestamp Funding Luxembourg SA
3.50%, 05/15/23 (Call 05/15/19)^d		EUR	100		123,565
Grifols SA
3.20%, 05/01/25 (Call 05/01/20)^d		EUR	100		119,665
Grupo Antolin Dutch BV
5.13%, 06/30/22 (Call 06/30/18)^d		EUR	100		125,416
Grupo Isolux Corsan SA
1.00%, 12/30/21^f,g			28		665
Grupo-Antolin Irausa SA
3.25%, 04/30/24 (Call 04/30/20)^d		EUR	100		120,457
NH Hotel Group SA
3.75%, 10/01/23 (Call 10/01/19)^d		EUR	100		124,685
Obrascon Huarte Lain SA
4.75%, 03/15/22 (Call 03/15/18)^d		EUR	100		96,859
Repsol International Finance BV VRN, (10 year EUR Swap + 4.200%)
4.50%, 03/25/75 (Call 03/25/25)^c,d		EUR	200		250,711

					2,925,227

SWEDEN — 0.39%
Intrum Justitia AB
2.75%, 07/15/22 (Call 07/15/19)^d		EUR	225		268,697
3.13%, 07/15/24 (Call 07/15/20)^d		EUR	100		119,174
Unilabs Subholding AB
5.75%, 05/15/25 (Call 05/15/20)^d		EUR	100		118,942
Verisure Holding AB
6.00%, 11/01/22 (Call 11/01/18)^d		EUR	90		114,846
Volvo Car AB
3.25%, 05/18/21^d		EUR	100		127,874

					749,533

SWITZERLAND — 0.25%
Dufry Finance SCA
4.50%, 07/15/22 (Call 08/30/17)^d		EUR	100		122,084
4.50%, 08/01/23 (Call 08/01/18)^d		EUR	100		125,754
Selecta Group BV
6.50%, 06/15/20 (Call 08/30/17)^d		EUR	100		120,317
SIG Combibloc Holdings SCA
7.75%, 02/15/23 (Call 02/15/18)^d		EUR	100		125,004

					493,159


Security	Principal (000s)			Value

UNITED KINGDOM — 5.82%
Algeco Scotsman Global Finance PLC
8.50%, 10/15/18 (Call 08/31/17)^a,b		USD	200	$	193,396
Alliance Automotive Finance PLC
6.25%, 12/01/21 (Call 11/19/17)^d		EUR	100		123,253
Amigo Luxembourg SA
7.63%, 01/15/24 (Call 01/15/20)^d		GBP	100		136,911
Anglo American Capital PLC
1.50%, 04/01/20^d		EUR	100		121,075
2.50%, 04/29/21^d		EUR	100		125,812
2.75%, 06/07/19^d		EUR	100		123,335
2.88%, 11/20/20^d		EUR	100		126,809
3.25%, 04/03/23^d		EUR	100		130,978
3.50%, 03/28/22^d		EUR	200		263,046
3.63%, 05/14/20^a		USD	200		203,965
4.13%, 04/15/21^a		USD	200		207,093
4.75%, 04/10/27^a,b		USD	200		212,107
4.88%, 05/14/25^a		USD	200		213,500
Arqiva Broadcast Finance PLC
9.50%, 03/31/20 (Call 09/30/17)^d		GBP	100		139,928
Ashtead Capital Inc.
6.50%, 07/15/22 (Call 08/31/17)^a		USD	200		207,500
Boparan Finance PLC
5.50%, 07/15/21 (Call 08/10/17)^d		GBP	100		129,895
Cabot Financial Luxembourg SA
7.50%, 10/01/23 (Call 10/01/19)^d		GBP	100		142,902
CNH Industrial Finance Europe SA
1.38%, 05/23/22 (Call 02/23/22)^d		EUR	100		119,590
2.88%, 05/17/23^d		EUR	100		127,749
CNH Industrial NV
4.50%, 08/15/23		USD	75		79,372
EC Finance PLC
5.13%, 07/15/21 (Call 08/10/17)^d		EUR	100		120,873
Fiat Chrysler Automobiles NV
3.75%, 03/29/24^d		EUR	100		126,834
4.50%, 04/15/20^b		USD	200		207,548
5.25%, 04/15/23^b		USD	200		208,401
Iceland Bondco PLC
6.25%, 07/15/21 (Call 08/30/17)^d		GBP	100		136,975
IDH Finance PLC
6.25%, 08/15/22 (Call 08/15/18)^d		GBP	100		127,668
Ineos Finance PLC
4.00%, 05/01/23 (Call 05/01/18)^d		EUR	100		122,435
Inmarsat Finance PLC
4.88%, 05/15/22 (Call 08/31/17)^a		USD	200		204,273
International Personal Finance PLC
5.75%, 04/07/21^d		EUR	100		108,094
Interoute Finco PLC
7.38%, 10/15/20 (Call 10/15/17)^d		EUR	100		123,251
Iron Mountain Europe PLC
6.13%, 09/15/22 (Call 09/15/17)^d		GBP	100		138,444
Jaguar Land Rover Automotive PLC
2.20%, 01/15/24^d		EUR	100		119,220
2.75%, 01/24/21^d		GBP	100		134,238
3.50%, 03/15/20 (Call 12/15/19)^a		USD	200		201,597
3.88%, 03/01/23^d		GBP	100		138,331
4.13%, 12/15/18^a		USD	200		203,934
Jerrold Finco PLC
6.25%, 09/15/21 (Call 09/15/18)^d		GBP	100		136,599
Lecta SA
6.50%, 08/01/23 (Call 08/01/19)^d		EUR	100		122,947


14

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)			Value
Merlin Entertainments PLC
2.75%, 03/15/22 (Call 12/15/21)^d		EUR	100	$	122,940
Nemean Bondco PLC
7.38%, 02/01/24 (Call 02/01/20)^d		GBP	100		127,212
New Look Secured Issuer PLC
6.50%, 07/01/22 (Call 06/24/18)^d		GBP	100		90,655
Noble Holding International Ltd.
7.75%, 01/15/24 (Call 10/15/23)^b		USD	155		123,225
Nomad Foods Bondco PLC
3.25%, 05/15/24 (Call 05/15/20)^d		EUR	150		180,227
Pizzaexpress Financing 2 PLC
6.63%, 08/01/21 (Call 08/30/17)^d		GBP	100		129,789
Premier Foods Finance PLC
6.50%, 03/15/21 (Call 08/30/17)^d		GBP	100		133,800
Royal Bank of Scotland Group PLC
5.13%, 05/28/24		USD	300		318,737
6.00%, 12/19/23		USD	350		389,443
6.10%, 06/10/23		USD	175		194,417
6.13%, 12/15/22		USD	375		414,587
VRN, (5 year EUR Swap + 2.650%)
3.63%, 03/25/24 (Call 03/25/19)^c,d		EUR	200		244,822
Stonegate Pub Co. Financing PLC
4.88%, 03/15/22 (Call 03/15/19)^d		GBP	150		202,770
Tesco Corporate Treasury Services PLC
1.38%, 07/01/19^d		EUR	100		120,209
2.13%, 11/12/20 (Call 08/12/20)^d		EUR	200		246,591
2.50%, 07/01/24^d		EUR	200		242,510
Tesco PLC
6.13%, 02/24/22		GBP	100		151,408
Thomas Cook Finance PLC
6.75%, 06/15/21 (Call 01/15/18)^d		EUR	100		124,550
Thomas Cook Group PLC
6.25%, 06/15/22 (Call 06/15/19)^d		EUR	100		127,636
Travelex Financing PLC
8.00%, 05/15/22 (Call 05/15/20)^d		EUR	100		116,743
Travis Perkins PLC
4.38%, 09/15/21^d		GBP	100		137,110
Virgin Media Finance PLC
4.50%, 01/15/25 (Call 01/15/20)^d		EUR	100		124,045
5.75%, 01/15/25 (Call 01/15/20)^a,b		USD	200		208,272
6.38%, 04/15/23 (Call 04/15/18)^a		USD	200		209,625
Virgin Media Secured Finance PLC
4.88%, 01/15/27 (Call 01/15/21)^d		GBP	100		137,436
5.00%, 04/15/27 (Call 04/15/22)^d		GBP	100		137,402
5.25%, 01/15/26 (Call 01/15/20)^a		USD	200		207,538
5.50%, 01/15/25 (Call 01/15/19)^d		GBP	90		124,956
6.25%, 03/28/29 (Call 01/15/21)^d		GBP	100		143,697
Viridian Group FundCo II Ltd.
7.50%, 03/01/20 (Call 09/01/17)^d		EUR	100		122,597
Worldpay Finance PLC
3.75%, 11/15/22 (Call 08/15/22)^d		EUR	100		131,436

					11,296,263

UNITED STATES — 62.93%
Acadia Healthcare Co. Inc.
5.63%, 02/15/23 (Call 02/15/18)		USD	100		104,250
Adient Global Holdings Ltd.
3.50%, 08/15/24 (Call 05/15/24)^d		EUR	200		242,359


Security	Principal (000s)			Value
ADT Corp. (The)
3.50%, 07/15/22		USD	150	$	148,500
4.13%, 06/15/23		USD	100		101,125
6.25%, 10/15/21		USD	175		190,925
AECOM
5.13%, 03/15/27 (Call 12/15/26)		USD	175		176,203
5.75%, 10/15/22 (Call 10/15/17)		USD	125		130,937
5.88%, 10/15/24 (Call 07/15/24)		USD	100		109,083
AES Corp./VA
4.88%, 05/15/23 (Call 05/15/18)		USD	200		204,068
5.50%, 03/15/24 (Call 03/15/19)		USD	150		156,447
5.50%, 04/15/25 (Call 04/15/20)		USD	150		157,118
6.00%, 05/15/26 (Call 05/15/21)^b		USD	25		26,747
7.38%, 07/01/21 (Call 06/01/21)		USD	175		199,450
Aircastle Ltd.
4.13%, 05/01/24 (Call 02/01/24)^b		USD	75		76,875
4.63%, 12/15/18		USD	75		77,213
5.00%, 04/01/23		USD	100		106,530
5.13%, 03/15/21		USD	75		79,619
5.50%, 02/15/22		USD	100		108,423
6.25%, 12/01/19		USD	50		53,984
AK Steel Corp.
7.00%, 03/15/27 (Call 03/15/22)^b		USD	50		52,313
7.63%, 10/01/21 (Call 10/01/17)		USD	75		78,106
Albertsons Companies LLC/Safeway Inc./New Albertson’s Inc./Albertson’s LLC
5.75%, 03/15/25 (Call 09/15/19)^a		USD	195		175,012
6.63%, 06/15/24 (Call 06/15/19)^a,b		USD	210		198,450
Alcoa Nederland Holding BV
6.75%, 09/30/24 (Call 09/30/19)^a		USD	200		221,000
Alere Inc.
6.38%, 07/01/23 (Call 07/01/18)^a		USD	50		53,723
6.50%, 06/15/20 (Call 08/31/17)		USD	100		101,641
7.25%, 07/01/18 (Call 08/31/17)		USD	50		50,200
Aleris International Inc.
9.50%, 04/01/21 (Call 04/01/18)^a		USD	195		206,487
Allegheny Technologies Inc.
5.95%, 01/15/21 (Call 10/15/20)		USD	75		75,863
7.88%, 08/15/23 (Call 05/15/23)^b		USD	75		79,055
Allison Transmission Inc.
5.00%, 10/01/24 (Call 10/01/19)^a,b		USD	175		180,687
Ally Financial Inc.
3.25%, 11/05/18		USD	100		100,953
3.50%, 01/27/19^b		USD	200		202,812
3.75%, 11/18/19		USD	200		204,500
4.13%, 03/30/20		USD	100		102,969
4.13%, 02/13/22		USD	100		102,800
4.25%, 04/15/21^b		USD	150		154,788
4.63%, 05/19/22		USD	75		78,366
4.63%, 03/30/25^b		USD	100		103,080
4.75%, 09/10/18		USD	50		51,267
5.13%, 09/30/24		USD	125		133,250
5.75%, 11/20/25 (Call 10/20/25)^b		USD	155		165,850
7.50%, 09/15/20		USD	25		28,338
8.00%, 12/31/18		USD	150		161,625
8.00%, 03/15/20		USD	100		113,583
Altice U.S. Finance I Corp.
5.38%, 07/15/23 (Call 07/15/18)^a		USD	200		209,750
5.50%, 05/15/26 (Call 05/15/21)^a		USD	200		211,187
AMC Entertainment Holdings Inc.
5.75%, 06/15/25 (Call 06/15/20)		USD	150		153,609
5.88%, 11/15/26 (Call 11/15/21)		USD	65		66,422
6.13%, 05/15/27 (Call 05/15/22)^b		USD	50		51,568
6.38%, 11/15/24 (Call 11/15/19)		GBP	100		139,778


			15

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)			Value
AMC Networks Inc.
4.75%, 12/15/22 (Call 12/15/17)		USD	100	$	102,888
4.75%, 08/01/25 (Call 08/01/21)		USD	120		121,050
5.00%, 04/01/24 (Call 04/01/20)		USD	160		164,705
American Airlines Group Inc.
4.63%, 03/01/20^a,b		USD	100		103,437
5.50%, 10/01/19^a		USD	100		105,060
American Axle & Manufacturing Inc.
6.25%, 03/15/21 (Call 08/31/17)^b		USD	25		25,813
6.25%, 04/01/25 (Call 04/01/20)^a,b		USD	110		109,588
6.50%, 04/01/27 (Call 04/01/22)^a,b		USD	75		74,063
6.63%, 10/15/22 (Call 10/15/17)^b		USD	150		155,562
AmeriGas Partners LP/AmeriGas Finance Corp.
5.50%, 05/20/25 (Call 02/20/25)		USD	125		126,395
5.63%, 05/20/24 (Call 03/20/24)^b		USD	95		98,325
5.75%, 05/20/27 (Call 02/20/27)		USD	75		76,031
5.88%, 08/20/26 (Call 05/20/26)		USD	95		97,058
Anixter Inc.
5.13%, 10/01/21		USD	50		53,286
Antero Resources Corp.
5.00%, 03/01/25 (Call 03/01/20)		USD	100		98,434
5.13%, 12/01/22 (Call 08/31/17)^b		USD	175		177,625
5.38%, 11/01/21 (Call 08/31/17)^b		USD	75		77,026
5.63%, 06/01/23 (Call 06/01/18)^b		USD	125		128,322
APX Group Inc.
6.38%, 12/01/19 (Call 08/31/17)		USD	75		77,063
7.63%, 09/01/23 (Call 09/01/19)^a		USD	25		25,438
7.88%, 12/01/22 (Call 12/01/18)		USD	100		108,588
8.75%, 12/01/20 (Call 08/31/17)^b		USD	125		128,086
Aramark Services Inc.
4.75%, 06/01/26 (Call 06/01/21)		USD	125		130,703
5.00%, 04/01/25 (Call 04/01/20)^a		USD	75		79,608
5.13%, 01/15/24 (Call 01/15/19)		USD	75		79,460
Arconic Inc.
5.13%, 10/01/24 (Call 07/01/24)		USD	200		212,750
5.40%, 04/15/21 (Call 01/15/21)		USD	150		160,170
5.87%, 02/23/22		USD	100		109,328
6.15%, 08/15/20		USD	200		217,600
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
10.00%, 04/01/22 (Call 04/01/20)^a		USD	225		230,625
Ashland LLC
4.75%, 08/15/22 (Call 05/15/22)		USD	200		208,937
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
5.13%, 06/01/22 (Call 08/31/17)^a,b		USD	50		49,921
5.50%, 04/01/23 (Call 04/01/18)^b		USD	100		100,470
Avon International Operations Inc.
7.88%, 08/15/22 (Call 08/15/19)^a,b		USD	75		78,647
Avon Products Inc.
6.60%, 03/15/20		USD	75		76,448
7.00%, 03/15/23		USD	75		69,094
Axalta Coating Systems Dutch Holding B BV
3.75%, 01/15/25 (Call 01/15/20)^d		EUR	125		156,605
B&G Foods Inc.
4.63%, 06/01/21 (Call 08/31/17)		USD	100		102,091
5.25%, 04/01/25 (Call 04/01/20)^b		USD	65		67,763
Ball Corp.
3.50%, 12/15/20		EUR	100		129,750
4.00%, 11/15/23^b		USD	175		179,001
4.38%, 12/15/20		USD	75		78,557
4.38%, 12/15/23		EUR	100		134,152
5.00%, 03/15/22		USD	200		215,480
5.25%, 07/01/25		USD	175		192,160


Security	Principal (000s)			Value
Beazer Homes USA Inc.
8.75%, 03/15/22 (Call 03/15/19)^b		USD	85	$	94,866
Belden Inc.
3.38%, 07/15/27 (Call 07/15/22)^d		EUR	100		119,079
5.50%, 04/15/23 (Call 04/15/18)^d		EUR	100		124,314
Berry Plastics Corp.
5.13%, 07/15/23 (Call 07/15/18)^b		USD	150		156,596
5.50%, 05/15/22 (Call 08/31/17)		USD	50		52,114
6.00%, 10/15/22 (Call 10/15/18)		USD	40		42,453
Blue Cube Spinco Inc.
9.75%, 10/15/23 (Call 10/15/20)		USD	100		121,848
10.00%, 10/15/25 (Call 10/15/20)		USD	75		92,383
BlueLine Rental Finance Corp./BlueLine Rental LLC
9.25%, 03/15/24 (Call 03/15/20)^a,b		USD	150		162,844
BMC Software Finance Inc.
8.13%, 07/15/21 (Call 08/31/17)^a		USD	250		258,750
Boyd Gaming Corp.
6.38%, 04/01/26 (Call 04/01/21)^b		USD	125		136,016
6.88%, 05/15/23 (Call 05/15/18)^b		USD	125		134,844
Builders FirstSource Inc.
5.63%, 09/01/24 (Call 09/01/19)^a		USD	100		105,031
BWAY Holding Co.
5.50%, 04/15/24 (Call 04/15/20)^a,b		USD	225		235,350
7.25%, 04/15/25 (Call 04/15/20)^a		USD	175		182,437
Cablevision Systems Corp.
5.88%, 09/15/22^b		USD	150		158,180
8.00%, 04/15/20		USD	75		84,075
Caesars Entertainment Resort Properties LLC/Caesars Entertainment Resort Properties
8.00%, 10/01/20 (Call 08/31/17)		USD	75		77,115
11.00%, 10/01/21 (Call 08/31/17)		USD	100		106,481
CalAtlantic Group Inc.
5.25%, 06/01/26 (Call 12/01/25)		USD	75		78,000
5.88%, 11/15/24 (Call 05/15/24)		USD	50		54,255
California Resources Corp.
8.00%, 12/15/22 (Call 12/15/18)^a		USD	355		226,312
Calpine Corp.
5.25%, 06/01/26 (Call 06/01/21)^a		USD	100		97,915
5.38%, 01/15/23 (Call 10/15/18)^b		USD	225		218,434
5.50%, 02/01/24 (Call 02/01/19)^b		USD	100		93,875
5.75%, 01/15/25 (Call 10/15/19)		USD	225		210,094
5.88%, 01/15/24 (Call 11/01/18)^a		USD	75		77,013
6.00%, 01/15/22 (Call 08/31/17)^a		USD	25		25,844
Calumet Specialty Products Partners LP/Calumet Finance Corp.
6.50%, 04/15/21 (Call 08/31/17)		USD	125		114,375
11.50%, 01/15/21 (Call 04/15/18)^a,b		USD	75		87,170
Carrizo Oil & Gas Inc.
6.25%, 04/15/23 (Call 04/15/18)^b		USD	130		129,187
7.50%, 09/15/20 (Call 08/31/17)		USD	25		25,416
Catalent Pharma Solutions Inc.
4.75%, 12/15/24 (Call 12/15/19)^d		EUR	100		126,083
CBS Radio Inc.
7.25%, 11/01/24 (Call 11/01/19)^a,b		USD	50		52,688
CCO Holdings LLC/CCO Holdings Capital Corp.
5.13%, 02/15/23 (Call 02/15/18)^b		USD	100		103,375
5.13%, 05/01/23 (Call 05/01/18)^a		USD	225		235,687
5.13%, 05/01/27 (Call 05/01/22)^a		USD	525		541,738
5.25%, 03/15/21 (Call 08/31/17)^b		USD	50		51,563
5.25%, 09/30/22 (Call 09/30/17)		USD	300		308,980
5.38%, 05/01/25 (Call 05/01/20)^a		USD	125		132,588
5.50%, 05/01/26 (Call 05/01/21)^a		USD	225		239,062
5.75%, 09/01/23 (Call 03/01/18)		USD	50		51,996


16

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)			Value
5.75%, 01/15/24 (Call 07/15/18)		USD	175	$	184,187
5.75%, 02/15/26 (Call 02/15/21)^a		USD	375		403,125
5.88%, 04/01/24 (Call 04/01/19)^a,b		USD	250		268,376
5.88%, 05/01/27 (Call 05/01/21)^a		USD	125		134,296
CDK Global Inc.
4.88%, 06/01/27 (Call 06/01/22)^a		USD	105		108,019
CDW LLC/CDW Finance Corp.
5.00%, 09/01/23 (Call 03/01/18)		USD	100		104,294
5.00%, 09/01/25 (Call 03/01/20)		USD	180		188,213
5.50%, 12/01/24 (Call 06/01/24)		USD	75		82,172
Centene Corp.
4.75%, 05/15/22 (Call 05/15/19)		USD	150		158,062
4.75%, 01/15/25 (Call 01/15/20)		USD	185		193,209
5.63%, 02/15/21 (Call 02/15/18)		USD	280		291,415
6.13%, 02/15/24 (Call 02/15/19)^b		USD	175		189,890
CenturyLink Inc.
5.63%, 04/01/25 (Call 01/01/25)^b		USD	100		98,625
5.80%, 03/15/22^b		USD	250		259,668
6.45%, 06/15/21		USD	200		215,688
Series V
5.63%, 04/01/20		USD	175		184,023
Series W
6.75%, 12/01/23^b		USD	125		133,125
Series Y
7.50%, 04/01/24 (Call 01/01/24)^b		USD	125		135,502
Cequel Communications Holdings I LLC/Cequel Capital Corp.
5.13%, 12/15/21 (Call 08/31/17)^a			250		256,170
6.38%, 09/15/20 (Call 08/31/17)^a		USD	140		142,635
CF Industries Inc.
3.45%, 06/01/23^b		USD	100		94,450
7.13%, 05/01/20		USD	150		165,037
Change Healthcare Holdings LLC/Change Healthcare Finance Inc.
5.75%, 03/01/25 (Call 03/01/20)^a		USD	155		160,425
Chemours Co. (The)
5.38%, 05/15/27 (Call 02/15/27)		USD	75		79,031
6.13%, 05/15/23 (Call 05/15/18)		EUR	100		126,598
6.63%, 05/15/23 (Call 05/15/18)^b		USD	200		214,391
7.00%, 05/15/25 (Call 05/15/20)		USD	100		111,250
Cheniere Corpus Christi Holdings LLC
5.13%, 06/30/27 (Call 01/01/27)^a		USD	255		265,199
5.88%, 03/31/25 (Call 10/02/24)		USD	230		249,254
7.00%, 06/30/24 (Call 01/01/24)		USD	200		229,000
Chesapeake Energy Corp.
4.88%, 04/15/22 (Call 08/31/17)^b		USD	75		69,549
6.13%, 02/15/21^b		USD	75		73,349
6.63%, 08/15/20		USD	75		76,078
8.00%, 12/15/22 (Call 12/15/18)^a,b		USD	390		413,546
8.00%, 01/15/25 (Call 01/15/20)^a,b		USD	160		160,977
8.00%, 06/15/27 (Call 06/15/22)^a,b		USD	85		85,053
CHS/Community Health Systems Inc.
5.13%, 08/01/21 (Call 08/31/17)^b		USD	175		176,312
6.25%, 03/31/23 (Call 03/31/20)		USD	405		415,125
6.88%, 02/01/22 (Call 02/01/18)^b		USD	500		428,750
7.13%, 07/15/20 (Call 08/31/17)^b		USD	250		240,625
8.00%, 11/15/19 (Call 08/31/17)^b		USD	300		300,750
Cinemark USA Inc.
4.88%, 06/01/23 (Call 06/01/18)		USD	100		101,727
5.13%, 12/15/22 (Call 12/15/17)		USD	125		128,736
CIT Group Inc.
3.88%, 02/19/19		USD	150		153,545
5.00%, 08/15/22		USD	200		216,240


Security	Principal (000s)			Value
5.00%, 08/01/23		USD	100	$	108,250
5.38%, 05/15/20		USD	150		162,000
5.50%, 02/15/19^a		USD	101		105,843
Citgo Holding Inc.
10.75%, 02/15/20^a,b		USD	225		235,406
Claire’s Stores Inc.
9.00%, 03/15/19 (Call 08/31/17)^a		USD	100		50,225
Clean Harbors Inc.
5.13%, 06/01/21 (Call 08/31/17)		USD	150		152,833
5.25%, 08/01/20 (Call 08/31/17)		USD	50		50,625
Clear Channel Worldwide Holdings Inc.
6.50%, 11/15/22 (Call 11/15/17)^b		USD	300		310,875
6.50%, 11/15/22 (Call 11/15/17)		USD	100		103,250
Series B
7.63%, 03/15/20 (Call 08/31/17)		USD	300		302,250
Cliffs Natural Resources Inc.
5.75%, 03/01/25 (Call 03/01/20)^a,b		USD	160		156,287
8.25%, 03/31/20 (Call 03/31/18)^a		USD	93		104,532
CNH Industrial Capital LLC
3.38%, 07/15/19		USD	100		101,429
3.88%, 10/15/21		USD	50		51,325
4.38%, 11/06/20^b		USD	115		120,213
4.38%, 04/05/22		USD	100		105,000
4.88%, 04/01/21		USD	125		132,512
CNH Industrial Finance Europe SA
2.75%, 03/18/19^d		EUR	200		245,427
2.88%, 09/27/21^d		EUR	100		127,743
Colfax Corp.
3.25%, 05/15/25 (Call 05/15/20)^d		EUR	125		150,520
Commercial Metals Co.
7.35%, 08/15/18		USD	50		52,675
CommScope Inc.
5.00%, 06/15/21 (Call 08/31/17)^a		USD	100		102,488
5.50%, 06/15/24 (Call 06/15/19)^a		USD	100		105,021
CommScope Technologies LLC
5.00%, 03/15/27 (Call 03/15/22)^a		USD	200		200,500
6.00%, 06/15/25 (Call 06/15/20)^a		USD	230		247,216
Concho Resources Inc.
4.38%, 01/15/25 (Call 01/15/20)		USD	75		77,092
5.50%, 10/01/22 (Call 10/01/17)		USD	200		206,073
5.50%, 04/01/23 (Call 10/01/17)^b		USD	225		232,312
CONSOL Energy Inc.
5.88%, 04/15/22 (Call 08/31/17)^b		USD	250		251,094
8.00%, 04/01/23 (Call 04/01/18)^b		USD	100		106,236
Continental Resources Inc./OK
3.80%, 06/01/24 (Call 03/01/24)^b		USD	150		138,757
4.50%, 04/15/23 (Call 01/15/23)^b		USD	225		218,000
5.00%, 09/15/22 (Call 08/31/17)		USD	325		322,764
Covanta Holding Corp.
5.88%, 03/01/24 (Call 03/01/19)^b		USD	75		72,413
5.88%, 07/01/25 (Call 07/01/20)		USD	50		48,748
6.38%, 10/01/22 (Call 08/31/17)^b		USD	75		76,988
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
5.75%, 04/01/25 (Call 04/01/20)		USD	100		100,375
6.25%, 04/01/23 (Call 04/01/18)		USD	125		127,135
Crown Americas LLC/Crown Americas Capital Corp. IV
4.50%, 01/15/23^b		USD	175		184,844
Crown Americas LLC/Crown Americas Capital Corp. V
4.25%, 09/30/26 (Call 03/31/26)^a		USD	50		50,273
Crown European Holdings SA
2.63%, 09/30/24 (Call 03/31/24)^d		EUR	100		119,634
3.38%, 05/15/25 (Call 11/15/24)^d		EUR	100		122,814
4.00%, 07/15/22 (Call 04/15/22)^d		EUR	100		131,390


			17

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)			Value
CSC Holdings LLC
5.25%, 06/01/24		USD	125	$	129,367
5.50%, 04/15/27 (Call 04/15/22)^a		USD	200		213,000
6.75%, 11/15/21		USD	175		194,584
8.63%, 02/15/19		USD	75		82,313
10.13%, 01/15/23 (Call 01/15/19)^a		USD	200		232,468
10.88%, 10/15/25 (Call 10/15/20)^a,b		USD	336		419,160
Dana Financing Luxembourg Sarl
5.75%, 04/15/25 (Call 04/15/20)^a		USD	50		51,938
Dana Inc.
5.38%, 09/15/21 (Call 08/31/17)		USD	21		21,620
5.50%, 12/15/24 (Call 12/15/19)^b		USD	75		77,766
Darling Global Finance BV
4.75%, 05/30/22 (Call 05/30/18)^d		EUR	100		123,928
DaVita Inc.
5.00%, 05/01/25 (Call 05/01/20)		USD	220		223,300
5.13%, 07/15/24 (Call 07/15/19)		USD	275		282,310
5.75%, 08/15/22 (Call 08/31/17)^b		USD	200		206,112
DCP Midstream Operating LP
3.88%, 03/15/23 (Call 12/15/22)		USD	100		97,269
4.75%, 09/30/21 (Call 06/30/21)^a		USD	50		51,301
5.35%, 03/15/20^a		USD	50		52,300
VRN, (3 mo. LIBOR US + 3.850%)
5.85%, 05/21/43 (Call 05/21/23)^a,c		USD	100		93,250
Dell Inc.
4.63%, 04/01/21^b		USD	75		78,042
5.88%, 06/15/19		USD	150		157,982
Dell International LLC/EMC Corp.
5.88%, 06/15/21 (Call 06/15/18)^a		USD	225		235,421
7.13%, 06/15/24 (Call 06/15/19)^a,b		USD	250		277,712
Denbury Resources Inc.
4.63%, 07/15/23 (Call 01/15/18)		USD	125		63,306
5.50%, 05/01/22 (Call 08/31/17)		USD	125		67,813
9.00%, 05/15/21 (Call 12/15/18)^a,b		USD	100		95,250
Diamond Offshore Drilling Inc.
5.88%, 05/01/19		USD	50		52,250
Diamond Resorts International Inc.
7.75%, 09/01/23 (Call 09/01/19)^a,b		USD	100		106,875
10.75%, 09/01/24 (Call 09/01/19)^a		USD	75		81,131
Diamondback Energy Inc.
4.75%, 11/01/24 (Call 11/01/19)		USD	150		151,350
5.38%, 05/31/25 (Call 05/31/20)^b		USD	60		61,871
DISH DBS Corp.
5.00%, 03/15/23^b		USD	225		233,789
5.13%, 05/01/20		USD	175		183,449
5.88%, 07/15/22		USD	400		435,301
5.88%, 11/15/24		USD	300		325,456
6.75%, 06/01/21		USD	400		441,525
7.75%, 07/01/26		USD	300		359,250
7.88%, 09/01/19		USD	250		275,875
DJO Finco Inc./DJO Finance LLC/DJO Finance Corp.
8.13%, 06/15/21 (Call 06/15/18)^a		USD	150		141,750
Dollar Tree Inc.
5.25%, 03/01/20 (Call 08/31/17)		USD	150		154,139
5.75%, 03/01/23 (Call 03/01/18)		USD	400		424,000
DPL Inc.
7.25%, 10/15/21 (Call 07/15/21)^b		USD	50		54,454
Dynegy Inc.
5.88%, 06/01/23 (Call 06/01/18)^b		USD	100		95,658
6.75%, 11/01/19 (Call 08/31/17)^b		USD	325		336,678


Security	Principal (000s)			Value
7.38%, 11/01/22 (Call 11/01/18)^b		USD	275	$	277,750
7.63%, 11/01/24 (Call 11/01/19)^b		USD	225		222,793
8.00%, 01/15/25 (Call 01/15/20)^a,b		USD	100		99,250
Edgewell Personal Care Co.
4.70%, 05/19/21		USD	150		159,675
4.70%, 05/24/22^b		USD	50		53,750
EMC Corp.
2.65%, 06/01/20		USD	325		320,125
3.38%, 06/01/23 (Call 03/01/23)		USD	150		145,500
Endo Dac/Endo Finance LLC/Endo Finco Inc.
6.00%, 07/15/23 (Call 07/15/18)^a		USD	200		173,441
6.00%, 02/01/25 (Call 02/01/20)^a,b		USD	200		168,750
Endo Finance LLC
5.75%, 01/15/22 (Call 08/31/17)^a		USD	100		92,600
Endo Finance LLC/Endo Finco Inc.
5.38%, 01/15/23 (Call 08/31/17)^a,b		USD	200		170,589
Energy Transfer Equity LP
5.50%, 06/01/27 (Call 03/01/27)^b		USD	150		157,687
5.88%, 01/15/24 (Call 10/15/23)		USD	200		215,750
7.50%, 10/15/20		USD	150		169,213
Ensco PLC
4.50%, 10/01/24 (Call 07/01/24)^b		USD	100		76,219
5.20%, 03/15/25 (Call 12/15/24)^b		USD	75		59,259
Envision Healthcare Corp.
5.13%, 07/01/22 (Call 08/31/17)^a		USD	50		51,688
5.63%, 07/15/22 (Call 08/31/17)		USD	225		234,315
6.25%, 12/01/24 (Call 12/01/19)^a		USD	85		91,286
EP Energy LLC/Everest Acquisition Finance Inc.
6.38%, 06/15/23 (Call 06/15/18)		USD	75		47,019
8.00%, 11/29/24 (Call 11/30/19)^a,b		USD	75		76,219
8.00%, 02/15/25 (Call 02/15/20)^a		USD	155		121,094
9.38%, 05/01/20 (Call 08/31/17)		USD	200		169,237
Equinix Inc.
4.88%, 04/01/20 (Call 08/31/17)^b		USD	25		25,626
5.38%, 01/01/22 (Call 01/01/18)		USD	180		188,925
5.38%, 04/01/23 (Call 04/01/18)		USD	150		156,562
5.38%, 05/15/27 (Call 05/15/22)		USD	180		194,400
5.75%, 01/01/25 (Call 01/01/20)^b		USD	150		161,322
5.88%, 01/15/26 (Call 01/15/21)		USD	175		191,469
ESH Hospitality Inc.
5.25%, 05/01/25 (Call 05/01/20)^a		USD	205		213,285
Exela Intermediate LLC/Exela Finance Inc.
10.00%, 07/15/23 (Call 07/15/20)^a		USD	200		194,200
Federal-Mogul Holdings LLC
4.88%, 04/15/22 (Call 04/15/19)^d		EUR	175		203,884
Felcor Lodging LP
5.63%, 03/01/23 (Call 03/01/18)		USD	50		52,125
6.00%, 06/01/25 (Call 06/01/20)^b		USD	75		80,446
Ferrellgas LP/Ferrellgas Finance Corp.
6.50%, 05/01/21 (Call 08/31/17)^b		USD	50		47,500
6.75%, 01/15/22 (Call 08/31/17)^b		USD	100		94,268
6.75%, 06/15/23 (Call 06/15/19)^b		USD	75		70,680
Fifth Third Bancorp. VRN, (3 mo. LIBOR US + 3.033%)
5.10%, (Call 06/30/23)^c,h		USD	100		102,000
First Data Corp.
5.00%, 01/15/24 (Call 01/15/19)^a,b		USD	290		301,522
5.38%, 08/15/23 (Call 08/15/18)^a		USD	200		209,059
5.75%, 01/15/24 (Call 01/15/19)^a		USD	385		405,785
7.00%, 12/01/23 (Call 12/01/18)^a,b		USD	575		620,281
First Quality Finance Co. Inc.
5.00%, 07/01/25 (Call 07/01/20)^a		USD	45		46,539


18

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)			Value
Freeport-McMoRan Inc.
3.10%, 03/15/20		USD	131	$	130,236
3.55%, 03/01/22 (Call 12/01/21)^b		USD	325		315,846
3.88%, 03/15/23 (Call 12/15/22)^b		USD	300		290,586
4.00%, 11/14/21		USD	100		99,875
4.55%, 11/14/24 (Call 08/14/24)^b		USD	125		122,210
6.50%, 11/15/20 (Call 08/31/17)		USD	150		153,937
6.75%, 02/01/22 (Call 02/01/18)^b		USD	50		52,510
6.88%, 02/15/23 (Call 02/15/20)		USD	150		162,921
Frontier Communications Corp.
6.25%, 09/15/21 (Call 06/15/21)^b		USD	125		109,960
6.88%, 01/15/25 (Call 10/15/24)		USD	100		78,792
7.13%, 03/15/19		USD	50		51,062
7.13%, 01/15/23		USD	150		122,352
7.63%, 04/15/24		USD	100		81,500
8.13%, 10/01/18		USD	50		52,085
8.50%, 04/15/20		USD	75		76,208
8.75%, 04/15/22		USD	75		65,943
9.25%, 07/01/21		USD	150		142,103
10.50%, 09/15/22 (Call 06/15/22)		USD	375		352,383
11.00%, 09/15/25 (Call 06/15/25)		USD	550		503,250
Gates Global LLC/Gates Global Co.
6.00%, 07/15/22 (Call 08/16/17)^a,b		USD	175		178,500
Genesis Energy LP/Genesis Energy Finance Corp.
6.00%, 05/15/23 (Call 05/15/18)		USD	50		49,535
6.75%, 08/01/22 (Call 08/01/18)		USD	150		152,250
Genworth Holdings Inc.
4.80%, 02/15/24		USD	50		41,333
4.90%, 08/15/23		USD	75		62,906
7.20%, 02/15/21		USD	100		94,825
7.63%, 09/24/21		USD	100		94,944
7.70%, 06/15/20		USD	50		48,906
GLP Capital LP/GLP Financing II Inc.
4.38%, 11/01/18 (Call 08/01/18)		USD	50		51,063
4.38%, 04/15/21		USD	50		52,000
4.88%, 11/01/20 (Call 08/01/20)		USD	125		132,185
5.38%, 11/01/23 (Call 08/01/23)		USD	100		108,150
5.38%, 04/15/26		USD	150		163,183
Goodyear Dunlop Tires Europe BV
3.75%, 12/15/23 (Call 12/15/18)^d		EUR	100		124,081
Goodyear Tire & Rubber Co. (The)
4.88%, 03/15/27 (Call 12/15/26)^b		USD	125		126,609
5.00%, 05/31/26 (Call 05/31/21)^b		USD	150		154,418
5.13%, 11/15/23 (Call 11/15/18)		USD	125		130,156
Gray Television Inc.
5.13%, 10/15/24 (Call 10/15/19)^a		USD	100		102,069
5.88%, 07/15/26 (Call 07/15/21)^a,b		USD	105		108,675
Gulfport Energy Corp.
6.00%, 10/15/24 (Call 10/15/19)^a,b		USD	75		74,250
6.38%, 05/15/25 (Call 05/15/20)^a,b		USD	110		109,682
Hanesbrands Finance Luxembourg SCA
3.50%, 06/15/24 (Call 03/15/24)^d		EUR	100		123,783
Hanesbrands Inc.
4.63%, 05/15/24 (Call 02/15/24)^a,b		USD	175		178,560
4.88%, 05/15/26 (Call 02/15/26)^a		USD	125		127,386
Harland Clarke Holdings Corp.
9.25%, 03/01/21 (Call 08/31/17)^a		USD	125		123,750
HCA Healthcare Inc.
6.25%, 02/15/21		USD	175		189,860


Security	Principal (000s)			Value
HCA Inc.
3.75%, 03/15/19^b		USD	250	$	255,364
4.25%, 10/15/19		USD	150		155,449
4.50%, 02/15/27 (Call 08/15/26)		USD	180		183,836
4.75%, 05/01/23		USD	175		184,559
5.00%, 03/15/24		USD	300		319,061
5.25%, 04/15/25^b		USD	200		217,000
5.25%, 06/15/26 (Call 12/15/25)		USD	240		259,515
5.38%, 02/01/25		USD	475		505,875
5.88%, 03/15/22		USD	200		220,810
5.88%, 05/01/23^b		USD	200		218,072
5.88%, 02/15/26 (Call 08/15/25)^b		USD	225		245,112
6.50%, 02/15/20		USD	450		492,187
7.50%, 02/15/22		USD	300		345,722
HD Supply Inc.
5.25%, 12/15/21 (Call 12/15/17)^a		USD	150		157,558
5.75%, 04/15/24 (Call 04/15/19)^a		USD	200		214,096
HealthSouth Corp.
5.75%, 11/01/24 (Call 11/01/17)		USD	175		180,031
Herc Rentals Inc.
7.50%, 06/01/22 (Call 06/01/19)^a,^b		USD	90		96,995
7.75%, 06/01/24 (Call 06/01/19)^a,^b		USD	90		97,346
Hertz Corp. (The)
5.50%, 10/15/24 (Call 10/15/19)^a,^b		USD	100		81,608
5.88%, 10/15/20 (Call 08/31/17)^b		USD	100		94,375
6.25%, 10/15/22 (Call 10/15/17)^b		USD	100		87,750
6.75%, 04/15/19 (Call 08/31/17)^b		USD	104		104,000
7.38%, 01/15/21 (Call 08/31/17)^b		USD	75		71,859
7.63%, 06/01/22 (Call 06/01/19)^a,^b		USD	200		198,000
Hertz Holdings Netherlands BV
4.38%, 01/15/19^d		EUR	100		117,816
Hexion Inc.
6.63%, 04/15/20 (Call 08/31/17)^b		USD	225		211,781
10.38%, 02/01/22 (Call 02/01/19)^a,^b		USD	105		106,313
Hexion Inc./Hexion Nova Scotia Finance ULC
9.00%, 11/15/20 (Call 08/31/17)		USD	100		71,750
Hilcorp Energy I LP/Hilcorp Finance Co.
5.00%, 12/01/24 (Call 06/01/19)^a		USD	50		47,365
5.75%, 10/01/25 (Call 04/01/20)^a		USD	100		97,094
Hilton Domestic Operating Co. Inc.
4.25%, 09/01/24 (Call 09/01/19)^a,^b		USD	175		177,534
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.
4.63%, 04/01/25 (Call 04/01/20)^a		USD	120		124,020
4.88%, 04/01/27 (Call 04/01/22)^a		USD	75		78,598
Hologic Inc.
5.25%, 07/15/22 (Call 07/15/18)^a		USD	150		158,437
Howard Hughes Corp. (The)
5.38%, 03/15/25 (Call 03/15/20)^a		USD	100		103,875
HRG Group Inc.
7.75%, 01/15/22 (Call 08/31/17)		USD	175		184,625
7.88%, 07/15/19 (Call 08/31/17)		USD	50		51,076
HUB International Ltd.
7.88%, 10/01/21 (Call 08/31/17)^a		USD	150		156,813
Hughes Satellite Systems Corp.
5.25%, 08/01/26		USD	135		141,272
6.50%, 06/15/19		USD	90		97,001
6.63%, 08/01/26		USD	115		125,326
7.63%, 06/15/21		USD	175		200,583
Huntington Ingalls Industries Inc.
5.00%, 12/15/21 (Call 12/15/17)^a		USD	50		51,665
5.00%, 11/15/25 (Call 11/15/20)^a		USD	125		134,375
Huntsman International LLC
4.88%, 11/15/20 (Call 08/15/20)		USD	75		78,701
5.13%, 04/15/21 (Call 01/15/21)		EUR	100		133,609
5.13%, 11/15/22 (Call 08/15/22)		USD	50		53,039


			19

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)			Value
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.88%, 03/15/19 (Call 08/31/17)		USD	250	$	252,552
5.88%, 02/01/22 (Call 08/31/17)^b		USD	175		180,250
6.00%, 08/01/20 (Call 08/31/17)		USD	325		333,937
6.25%, 02/01/22 (Call 02/01/19)		USD	125		130,274
6.75%, 02/01/24 (Call 02/01/20)		USD	100		104,904
iHeartCommunications Inc.
9.00%, 12/15/19 (Call 08/31/17)		USD	225		182,250
9.00%, 03/01/21 (Call 08/31/17)		USD	250		185,990
9.00%, 09/15/22 (Call 09/15/17)		USD	150		110,799
10.63%, 03/15/23 (Call 03/15/18)		USD	125		93,583
11.25%, 03/01/21 (Call 08/31/17)		USD	100		76,250
11.25%, 03/01/21 (Call 08/31/17)^a		USD	75		56,866
Infor U.S. Inc.
5.75%, 08/15/20 (Call 08/16/17)^a		USD	50		51,462
6.50%, 05/15/22 (Call 05/15/18)		USD	250		260,281
Ingram Micro Inc.
5.45%, 12/15/24 (Call 09/15/24)		USD	50		51,750
International Game Technology PLC
4.75%, 03/05/20^d		EUR	100		128,843
4.75%, 02/15/23 (Call 08/15/22)^d		EUR	100		128,025
6.25%, 02/15/22 (Call 08/15/21)^a		USD	250		273,101
6.50%, 02/15/25 (Call 08/15/24)^a		USD	200		220,333
IPALCO Enterprises Inc.
3.45%, 07/15/20 (Call 06/15/20)		USD	200		202,942
Iron Mountain Inc.
5.75%, 08/15/24 (Call 08/31/17)		USD	200		205,732
6.00%, 10/01/20 (Call 10/01/17)^a		USD	100		103,442
6.00%, 08/15/23 (Call 08/15/18)		USD	100		105,641
iStar Inc.
5.00%, 07/01/19 (Call 08/31/17)		USD	100		100,975
Jack Ohio Finance LLC/Jack Ohio Finance 1 Corp.
6.75%, 11/15/21 (Call 11/15/18)^a		USD	100		104,792
Jaguar Holding Co. II/Pharmaceutical Product Development LLC
6.38%, 08/01/23 (Call 08/01/18)^a		USD	200		211,977
JC Penney Corp. Inc.
5.65%, 06/01/20^b		USD	75		75,431
5.88%, 07/01/23 (Call 07/01/19)^a		USD	50		50,679
8.13%, 10/01/19		USD	25		27,281
Jefferies Finance LLC/JFIN Co-Issuer Corp.
6.88%, 04/15/22 (Call 08/31/17)^a		USD	200		200,667
K Hovnanian Enterprises Inc.
10.00%, 07/15/22 (Call 07/15/19)^a		USD	75		79,213
10.50%, 07/15/24 (Call 07/15/20)^a		USD	55		58,781
KB Home
4.75%, 05/15/19 (Call 02/15/19)		USD	75		77,344
7.00%, 12/15/21 (Call 09/15/21)		USD	50		56,031
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC
4.75%, 06/01/27 (Call 06/01/22)^a		USD	125		128,584
5.00%, 06/01/24 (Call 06/01/19)^a		USD	200		208,250
5.25%, 06/01/26 (Call 06/01/21)^a		USD	125		132,656
Kindred Healthcare Inc.
6.38%, 04/15/22 (Call 08/31/17)^b		USD	75		69,750
8.00%, 01/15/20		USD	100		101,114
8.75%, 01/15/23 (Call 01/15/18)^b		USD	100		99,625
Kinetic Concepts Inc./KCI USA Inc.
7.88%, 02/15/21 (Call 02/15/18)^a		USD	150		158,642
12.50%, 11/01/21 (Call 05/01/19)^a		USD	50		56,250
KLX Inc.
5.88%, 12/01/22 (Call 12/01/17)^a		USD	200		209,801


Security	Principal (000s)			Value
Kronos Acquisition Holdings Inc.
9.00%, 08/15/23 (Call 08/15/18)^a		USD	140	$	139,873
L Brands Inc.
5.63%, 02/15/22^b		USD	175		183,750
5.63%, 10/15/23^b		USD	100		104,590
6.63%, 04/01/21		USD	175		190,695
7.00%, 05/01/20		USD	25		27,344
8.50%, 06/15/19		USD	50		55,083
Lamar Media Corp.
5.00%, 05/01/23 (Call 05/01/18)		USD	100		103,853
5.38%, 01/15/24 (Call 01/15/19)		USD	50		52,537
5.75%, 02/01/26 (Call 02/01/21)		USD	75		81,469
5.88%, 02/01/22 (Call 08/31/17)		USD	75		77,372
Lamb Weston Holdings Inc.
4.63%, 11/01/24 (Call 11/01/21)^a		USD	100		104,182
4.88%, 11/01/26 (Call 11/01/21)^a,b		USD	150		156,811
Laredo Petroleum Inc.
5.63%, 01/15/22 (Call 08/31/17)		USD	125		126,241
7.38%, 05/01/22 (Call 08/31/17)		USD	100		103,500
Leidos Holdings Inc.
4.45%, 12/01/20 (Call 09/01/20)^b		USD	50		52,563
Lennar Corp.
4.13%, 01/15/22 (Call 10/15/21)		USD	80		82,236
4.50%, 06/15/19 (Call 04/16/19)		USD	25		25,839
4.50%, 11/15/19 (Call 08/15/19)		USD	150		155,325
4.50%, 04/30/24 (Call 01/31/24)		USD	100		104,000
4.75%, 04/01/21 (Call 02/01/21)^b		USD	140		148,015
4.75%, 11/15/22 (Call 08/15/22)		USD	100		106,125
4.75%, 05/30/25 (Call 02/28/25)		USD	50		52,464
4.88%, 12/15/23 (Call 09/15/23)		USD	80		84,869
Leucadia National Corp.
5.50%, 10/18/23 (Call 01/18/23)		USD	100		107,500
Level 3 Communications Inc.
5.75%, 12/01/22 (Call 12/01/17)		USD	150		155,472
Level 3 Financing Inc.
5.13%, 05/01/23 (Call 05/01/18)		USD	100		103,875
5.25%, 03/15/26 (Call 03/15/21)		USD	105		111,694
5.38%, 08/15/22 (Call 08/31/17)		USD	125		128,594
5.38%, 01/15/24 (Call 01/15/19)^b		USD	125		131,562
5.38%, 05/01/25 (Call 05/01/20)^b		USD	150		159,208
5.63%, 02/01/23 (Call 02/01/18)		USD	150		156,104
6.13%, 01/15/21 (Call 08/31/17)		USD	50		51,333
Levi Strauss & Co.
3.38%, 03/15/27 (Call 03/15/22)		EUR	100		121,971
LifePoint Health Inc.
5.38%, 05/01/24 (Call 05/01/19)^b		USD	75		78,195
5.50%, 12/01/21 (Call 08/31/17)		USD	175		181,562
5.88%, 12/01/23 (Call 12/01/18)^b		USD	65		69,063
LIN Television Corp.
5.88%, 11/15/22 (Call 11/15/17)		USD	75		78,621
LKQ Italia Bondco SpA
3.88%, 04/01/24 (Call 01/01/24)^d		EUR	100		127,676
Mallinckrodt International Finance SA
4.75%, 04/15/23^b		USD	100		88,594
Mallinckrodt International Finance SA/Mallinckrodt CB LLC
4.88%, 04/15/20 (Call 08/31/17)^a,b		USD	125		124,062
5.50%, 04/15/25 (Call 04/15/20)^a,b		USD	100		92,321
5.63%, 10/15/23 (Call 10/15/18)^a,b		USD	100		95,321
5.75%, 08/01/22 (Call 08/31/17)^a,b		USD	150		146,425
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer Inc.
4.50%, 09/01/26 (Call 06/01/26)^b		USD	75		75,750
5.63%, 05/01/24 (Call 02/01/24)^b		USD	200		218,000


20

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)			Value
MGM Resorts International
4.63%, 09/01/26 (Call 06/01/26)		USD	75	$	75,979
5.25%, 03/31/20^b		USD	50		52,988
6.00%, 03/15/23		USD	175		193,554
6.63%, 12/15/21		USD	175		196,832
6.75%, 10/01/20		USD	200		221,764
7.75%, 03/15/22		USD	150		176,235
8.63%, 02/01/19		USD	150		164,512
Micron Technology Inc.
5.25%, 08/01/23 (Call 02/01/18)^a		USD	200		208,676
5.25%, 01/15/24 (Call 05/01/18)^a		USD	100		104,094
5.50%, 02/01/25 (Call 08/01/19)		USD	190		201,268
5.88%, 02/15/22 (Call 08/11/17)		USD	50		52,194
Molina Healthcare Inc.
5.38%, 11/15/22 (Call 08/15/22)		USD	41		43,762
MPH Acquisition Holdings LLC
7.13%, 06/01/24 (Call 06/01/19)^a		USD	250		271,250
MPT Operating Partnership LP/MPT Finance Corp.
4.00%, 08/19/22 (Call 05/19/22)		EUR	100		130,140
5.25%, 08/01/26 (Call 08/01/21)		USD	100		104,417
6.38%, 03/01/24 (Call 03/01/19)		USD	50		54,281
MSCI Inc.
4.75%, 08/01/26 (Call 08/01/21)^a		USD	75		77,933
5.25%, 11/15/24 (Call 11/15/19)^a		USD	75		79,969
5.75%, 08/15/25 (Call 08/15/20)^a		USD	175		189,365
Murphy Oil Corp.
4.00%, 06/01/22 (Call 03/01/22)^b		USD	75		73,984
4.70%, 12/01/22 (Call 09/01/22)^b		USD	100		98,538
6.88%, 08/15/24 (Call 08/15/19)		USD	100		106,375
Murray Energy Corp.
11.25%, 04/15/21 (Call 04/15/18)^a		USD	150		114,533
Nabors Industries Inc.
4.63%, 09/15/21		USD	100		95,800
5.00%, 09/15/20		USD	150		150,300
5.50%, 01/15/23 (Call 11/15/22)^b		USD	100		95,325
Nationstar Mortgage LLC/Nationstar Capital Corp.
6.50%, 08/01/18 (Call 08/31/17)		USD	50		50,052
6.50%, 07/01/21 (Call 08/31/17)		USD	75		76,692
7.88%, 10/01/20 (Call 08/31/17)		USD	50		51,277
Nature’s Bounty Co. (The)
7.63%, 05/15/21 (Call 05/15/18)^a		USD	140		150,850
Navient Corp.
4.88%, 06/17/19		USD	200		206,646
5.00%, 10/26/20		USD	150		154,500
5.50%, 01/15/19		USD	200		207,300
5.50%, 01/25/23^b		USD	150		153,175
5.88%, 03/25/21		USD	50		52,682
5.88%, 10/25/24^b		USD	75		76,562
6.13%, 03/25/24^b		USD	175		181,740
6.50%, 06/15/22		USD	100		106,500
6.63%, 07/26/21		USD	125		134,062
6.75%, 06/25/25^b		USD	100		104,950
7.25%, 01/25/22		USD	125		137,812
7.25%, 09/25/23		USD	50		54,703
8.00%, 03/25/20		USD	250		276,591
Navios Maritime Holdings Inc./Navios Maritime Finance II U.S. Inc.
7.38%, 01/15/22 (Call 08/31/17)^a		USD	100		77,885
Navistar International Corp.
8.25%, 11/01/21 (Call 08/31/17)		USD	200		202,183
NCL Corp. Ltd.
4.63%, 11/15/20 (Call 11/15/17)^a		USD	100		102,750
4.75%, 12/15/21 (Call 12/15/18)^a,b		USD	75		77,510


Security	Principal (000s)			Value
NCR Corp.
4.63%, 02/15/21 (Call 08/31/17)		USD	150	$	153,000
5.00%, 07/15/22 (Call 08/31/17)^b		USD	200		204,268
5.88%, 12/15/21 (Call 12/15/17)		USD	75		78,163
6.38%, 12/15/23 (Call 12/15/18)		USD	75		80,185
Neiman Marcus Group Ltd. LLC
8.00%, 10/15/21 (Call 08/31/17)^a,b		USD	125		68,945
Netflix Inc.
3.63%, 05/15/27^d		EUR	200		242,178
4.38%, 11/15/26^a,b		USD	240		242,700
5.38%, 02/01/21^b		USD	100		107,962
5.50%, 02/15/22		USD	100		108,250
5.75%, 03/01/24		USD	50		55,127
5.88%, 02/15/25		USD	125		140,312
Newfield Exploration Co.
5.38%, 01/01/26 (Call 10/01/25)		USD	100		103,708
5.63%, 07/01/24^b		USD	175		183,916
5.75%, 01/30/22		USD	75		79,318
Nexstar Broadcasting Inc.
5.63%, 08/01/24 (Call 08/01/19)^a,b		USD	125		129,844
NGL Energy Partners LP/NGL Energy Finance Corp.
6.13%, 03/01/25 (Call 03/01/20)^a		USD	100		90,654
7.50%, 11/01/23 (Call 11/01/19)^a		USD	100		96,500
NGPL PipeCo LLC
4.38%, 08/15/22 (Call 05/15/22)^a		USD	40		41,150
4.88%, 08/15/27 (Call 02/15/27)^a		USD	30		30,863
Nielsen Co. Luxembourg Sarl (The)
5.00%, 02/01/25 (Call 02/01/20)^a		USD	75		77,293
5.50%, 10/01/21 (Call 08/31/17)^a		USD	150		154,619
Nielsen Finance LLC/Nielsen Finance Co.
4.50%, 10/01/20 (Call 08/31/17)		USD	75		76,088
5.00%, 04/15/22 (Call 08/31/17)^a,b		USD	350		361,375
Noble Holding International Ltd.
7.70%, 04/01/25 (Call 01/01/25)		USD	75		57,844
Novelis Corp.
5.88%, 09/30/26 (Call 09/30/21)^a		USD	250		262,500
6.25%, 08/15/24 (Call 08/15/19)^a		USD	150		160,530
NRG Energy Inc.
6.25%, 07/15/22 (Call 07/15/18)		USD	175		183,464
6.25%, 05/01/24 (Call 05/01/19)		USD	175		181,111
6.63%, 03/15/23 (Call 09/15/17)		USD	175		180,797
6.63%, 01/15/27 (Call 07/15/21)^b		USD	200		205,250
7.25%, 05/15/26 (Call 05/15/21)		USD	160		169,214
7.88%, 05/15/21 (Call 08/31/17)^b		USD	30		30,900
Nuance Communications Inc.
5.38%, 08/15/20 (Call 08/31/17)^a		USD	43		43,651
5.63%, 12/15/26 (Call 12/15/21)^a		USD	75		80,063
NuStar Logistics LP
4.80%, 09/01/20		USD	50		52,056
5.63%, 04/28/27 (Call 01/28/27)^b		USD	100		105,911
Oasis Petroleum Inc.
6.88%, 03/15/22 (Call 09/15/17)^b		USD	200		198,000
OI European Group BV
3.13%, 11/15/24 (Call 08/15/24)^d		EUR	100		120,527
6.75%, 09/15/20^d		EUR	100		139,373
Olin Corp.
5.13%, 09/15/27 (Call 03/15/22)^b		USD	100		104,750
OneMain Financial Holdings LLC
6.75%, 12/15/19 (Call 08/31/17)^a		USD	75		78,563
7.25%, 12/15/21 (Call 12/15/17)^a		USD	75		78,938


			21

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)			Value
Ortho-Clinical Diagnostics Inc./Ortho-Clinical Diagnostics SA
6.63%, 05/15/22 (Call 08/31/17)^a		USD	200	$	196,500
Outfront Media Capital LLC/Outfront Media Capital Corp.
5.25%, 02/15/22 (Call 08/31/17)		USD	100		103,708
5.63%, 02/15/24 (Call 02/15/19)		USD	75		78,364
5.88%, 03/15/25 (Call 09/15/19)		USD	75		78,502
Owens-Brockway Glass Container Inc.
5.00%, 01/15/22^a		USD	150		158,530
5.88%, 08/15/23^a		USD	100		110,625
Pacific Drilling SA
5.38%, 06/01/20 (Call 08/31/17)^a,b		USD	100		40,000
Parsley Energy LLC/Parsley Finance Corp.
5.25%, 08/15/25 (Call 08/15/20)^a		USD	75		76,313
5.38%, 01/15/25 (Call 01/15/20)^a		USD	60		61,238
6.25%, 06/01/24 (Call 06/01/19)^a		USD	100		105,631
PBF Holding Co. LLC/PBF Finance Corp.
7.00%, 11/15/23 (Call 11/15/18)^b		USD	115		116,150
7.25%, 06/15/25 (Call 06/15/20)^a		USD	100		98,000
Peabody Energy Corp.
6.00%, 03/31/22 (Call 03/31/19)^a		USD	75		76,500
6.38%, 03/31/25 (Call 03/31/20)^a		USD	75		75,750
Penske Automotive Group Inc.
5.50%, 05/15/26 (Call 05/15/21)		USD	60		60,094
5.75%, 10/01/22 (Call 10/01/17)		USD	100		103,042
PetSmart Inc.
5.88%, 06/01/25 (Call 06/01/20)^a		USD	210		202,125
7.13%, 03/15/23 (Call 03/15/18)^a,b		USD	300		271,729
8.88%, 06/01/25 (Call 06/01/20)^a		USD	100		94,294
Platform Specialty Products Corp.
6.50%, 02/01/22 (Call 02/01/18)^a,b		USD	175		181,562
10.38%, 05/01/21 (Call 05/01/18)^a		USD	50		55,130
Post Holdings Inc.
5.00%, 08/15/26 (Call 08/15/21)^a,b		USD	250		255,937
5.50%, 03/01/25 (Call 03/01/20)^a,b		USD	160		168,267
5.75%, 03/01/27 (Call 03/01/22)^a		USD	125		132,422
6.00%, 12/15/22 (Call 06/15/18)^a		USD	100		105,808
Postmedia Network Inc.
8.25%, 07/15/21 (Call 08/30/17)^a		CAD	1		442
Pride International LLC
6.88%, 08/15/20		USD	150		153,187
Prime Security Services Borrower LLC/Prime Finance Inc.
9.25%, 05/15/23 (Call 05/15/19)^a,b		USD	490		546,737
PulteGroup Inc.
4.25%, 03/01/21 (Call 02/01/21)		USD	100		103,875
5.00%, 01/15/27 (Call 10/15/26)		USD	100		103,342
5.50%, 03/01/26 (Call 12/01/25)		USD	105		112,825
PVH Corp.
3.63%, 07/15/24 (Call 04/15/24)^d		EUR	100		126,053
QEP Resources Inc.
5.25%, 05/01/23 (Call 02/01/23)		USD	75		72,997
5.38%, 10/01/22 (Call 07/01/22)		USD	100		98,324
6.88%, 03/01/21^b		USD	100		104,750
Qorvo Inc.
6.75%, 12/01/23 (Call 12/01/18)		USD	25		27,413
7.00%, 12/01/25 (Call 12/01/20)		USD	100		113,828
Quicken Loans Inc.
5.75%, 05/01/25 (Call 05/01/20)^a		USD	185		194,019
Quintiles IMS Inc.
3.25%, 03/15/25 (Call 03/15/20)^d		EUR	200		242,341
3.50%, 10/15/24 (Call 10/15/19)^d		EUR	200		245,481
4.88%, 05/15/23 (Call 05/15/18)^a		USD	100		103,750
5.00%, 10/15/26 (Call 10/15/21)^a		USD	200		209,500


Security	Principal (000s)			Value
QVC Inc.
3.13%, 04/01/19		USD	75	$	76,015
4.38%, 03/15/23		USD	150		153,936
4.45%, 02/15/25 (Call 11/15/24)		USD	50		50,134
4.85%, 04/01/24		USD	125		129,021
5.13%, 07/02/22		USD	50		53,345
Rackspace Hosting Inc.
8.63%, 11/15/24 (Call 11/15/19)^a,b		USD	175		189,000
Range Resources Corp.
4.88%, 05/15/25 (Call 02/15/25)		USD	100		97,438
5.00%, 08/15/22 (Call 05/15/22)^a,b		USD	100		99,287
5.00%, 03/15/23 (Call 12/15/22)^a,b		USD	125		123,778
5.75%, 06/01/21 (Call 03/01/21)^a,b		USD	150		154,312
Realogy Group LLC/Realogy Co-Issuer Corp.
4.50%, 04/15/19^a		USD	50		51,646
4.88%, 06/01/23 (Call 03/01/23)^a		USD	100		101,000
5.25%, 12/01/21 (Call 12/01/17)^a		USD	75		78,313
Regal Entertainment Group
5.75%, 03/15/22 (Call 08/31/17)		USD	75		78,230
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC/ Reynolds Group Issuer Lu
5.75%, 10/15/20 (Call 08/31/17)		USD	400		408,500
6.88%, 02/15/21 (Call 08/31/17)^b		USD	65		66,526
Rite Aid Corp.
6.13%, 04/01/23 (Call 04/01/18)^a,b		USD	300		298,125
6.75%, 06/15/21 (Call 08/31/17)^b		USD	75		77,632
9.25%, 03/15/20 (Call 08/31/17)^b		USD	50		51,786
Rockies Express Pipeline LLC
5.63%, 04/15/20^a		USD	100		105,782
6.00%, 01/15/19^a		USD	150		156,141
Rowan Companies Inc.
4.88%, 06/01/22 (Call 03/01/22)		USD	100		94,083
7.38%, 06/15/25 (Call 03/15/25)^b		USD	100		94,114
RR Donnelley & Sons Co.
7.88%, 03/15/21		USD	50		54,188
RSP Permian Inc.
5.25%, 01/15/25 (Call 01/15/20)^a		USD	50		50,750
6.63%, 10/01/22 (Call 10/01/17)		USD	100		105,063
Sabre GLBL Inc.
5.25%, 11/15/23 (Call 11/15/18)^a		USD	50		52,042
Sanchez Energy Corp.
6.13%, 01/15/23 (Call 07/15/18)^b		USD	175		143,937
7.75%, 06/15/21 (Call 08/31/17)^b		USD	100		91,375
SBA Communications Corp.
4.88%, 07/15/22 (Call 08/31/17)		USD	75		77,646
4.88%, 09/01/24 (Call 09/01/19)		USD	195		202,475
Scientific Games International Inc.
7.00%, 01/01/22 (Call 01/01/18)^a,b		USD	350		373,187
10.00%, 12/01/22 (Call 12/01/18)		USD	425		474,486
Sealed Air Corp.
4.50%, 09/15/23 (Call 06/15/23)^d		EUR	100		133,136
4.88%, 12/01/22 (Call 09/01/22)^a		USD	50		53,067
5.13%, 12/01/24 (Call 09/01/24)^a		USD	75		80,242
5.25%, 04/01/23 (Call 01/01/23)^a		USD	50		53,622
5.50%, 09/15/25 (Call 06/15/25)^a		USD	75		81,790
6.50%, 12/01/20 (Call 09/01/20)^a		USD	50		55,649
SemGroup Corp./Rose Rock Finance Corp.
5.63%, 07/15/22 (Call 08/16/17)		USD	50		49,750
Service Corp. International/U.S.
5.38%, 01/15/22 (Call 08/31/17)		USD	50		51,391
5.38%, 05/15/24 (Call 05/15/19)		USD	100		105,986


22

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)			Value
ServiceMaster Co. LLC (The)
5.13%, 11/15/24 (Call 11/15/19)^a		USD	175	$	179,043
SESI LLC
7.13%, 12/15/21 (Call 08/31/17)		USD	125		128,146
Silgan Holdings Inc.
3.25%, 03/15/25 (Call 03/15/20)^d		EUR	100		121,194
Sinclair Television Group Inc.
5.13%, 02/15/27 (Call 08/15/21)^a,b		USD	75		74,250
5.38%, 04/01/21 (Call 08/16/17)		USD	50		51,350
5.63%, 08/01/24 (Call 08/01/19)^a		USD	50		51,938
6.13%, 10/01/22 (Call 10/01/17)^b		USD	150		155,525
Sirius XM Radio Inc.
3.88%, 08/01/22 (Call 08/01/20)^a		USD	120		122,400
4.63%, 05/15/23 (Call 05/15/18)^a		USD	150		154,250
5.00%, 08/01/27 (Call 08/01/22)^a		USD	185		188,931
5.38%, 04/15/25 (Call 04/15/20)^a		USD	200		209,833
5.38%, 07/15/26 (Call 07/15/21)^a		USD	100		104,805
5.75%, 08/01/21 (Call 08/04/17)^a		USD	200		205,749
6.00%, 07/15/24 (Call 07/15/19)^a,b		USD	225		242,437
Six Flags Entertainment Corp.
4.88%, 07/31/24 (Call 07/31/19)^a		USD	135		137,531
5.50%, 04/15/27 (Call 04/15/22)^a,b		USD	90		93,029
SM Energy Co.
5.00%, 01/15/24 (Call 07/15/18)^b		USD	75		70,125
5.63%, 06/01/25 (Call 06/01/20)^b		USD	100		94,015
6.13%, 11/15/22 (Call 11/15/18)^b		USD	75		73,500
6.75%, 09/15/26 (Call 09/15/21)^b		USD	75		74,625
Solera LLC/Solera Finance Inc.
10.50%, 03/01/24 (Call 03/01/19)^a		USD	275		316,288
Southwestern Energy Co.
4.10%, 03/15/22 (Call 12/15/21)^b		USD	200		186,500
5.80%, 01/23/20 (Call 12/23/19)		USD	75		77,309
6.70%, 01/23/25 (Call 10/23/24)^b		USD	150		147,516
Spectrum Brands Inc.
4.00%, 10/01/26 (Call 10/01/21)^d		EUR	100		123,415
5.75%, 07/15/25 (Call 07/15/20)^b		USD	175		187,250
6.63%, 11/15/22 (Call 11/15/17)		USD	50		52,313
Springleaf Finance Corp.
5.25%, 12/15/19		USD	100		104,208
6.13%, 05/15/22		USD	100		105,115
7.75%, 10/01/21^b		USD	125		140,156
8.25%, 12/15/20		USD	175		196,486
Sprint Communications Inc.
6.00%, 11/15/22		USD	350		370,125
7.00%, 03/01/20^a		USD	100		108,961
7.00%, 08/15/20		USD	225		246,378
9.00%, 11/15/18^a		USD	275		297,341
11.50%, 11/15/21		USD	200		255,225
Sprint Corp.
7.13%, 06/15/24		USD	400		439,000
7.25%, 09/15/21		USD	400		444,000
7.63%, 02/15/25 (Call 11/15/24)^b		USD	200		225,500
7.88%, 09/15/23		USD	725		821,969
Standard Industries Inc./NJ
5.00%, 02/15/27 (Call 02/15/22)^a		USD	100		103,000
5.13%, 02/15/21 (Call 02/15/18)^a,b		USD	50		51,813
5.38%, 11/15/24 (Call 11/15/19)^a		USD	175		184,348
5.50%, 02/15/23 (Call 02/15/19)^a		USD	50		52,672
6.00%, 10/15/25 (Call 10/15/20)^a,b		USD	175		187,383


Security	Principal (000s)			Value
Steel Dynamics Inc.
5.00%, 12/15/26 (Call 12/15/21)^b		USD	75	$	79,125
5.13%, 10/01/21 (Call 10/01/17)		USD	50		51,425
5.25%, 04/15/23 (Call 04/15/18)		USD	50		51,760
5.50%, 10/01/24 (Call 10/01/19)		USD	100		106,779
Suburban Propane Partners LP/Suburban Energy Finance Corp.
5.50%, 06/01/24 (Call 06/01/19)		USD	50		49,430
Sunoco LP/Sunoco Finance Corp.
5.50%, 08/01/20 (Call 08/31/17)		USD	50		51,244
6.25%, 04/15/21 (Call 04/15/18)		USD	175		182,572
6.38%, 04/01/23 (Call 04/01/18)		USD	100		105,500
Symantec Corp.
3.95%, 06/15/22 (Call 03/15/22)^b		USD	50		51,496
4.20%, 09/15/20^b		USD	100		105,844
5.00%, 04/15/25 (Call 04/15/20)^a		USD	175		183,312
T-Mobile USA Inc.
4.00%, 04/15/22 (Call 03/16/22)^b		USD	100		104,375
5.13%, 04/15/25 (Call 04/15/20)		USD	75		79,293
5.38%, 04/15/27 (Call 04/15/22)^b		USD	75		80,841
6.00%, 03/01/23 (Call 09/01/18)		USD	200		211,750
6.00%, 04/15/24 (Call 04/15/19)		USD	250		269,062
6.13%, 01/15/22 (Call 01/15/18)		USD	200		209,447
6.38%, 03/01/25 (Call 09/01/19)		USD	250		271,250
6.50%, 01/15/24 (Call 01/15/19)		USD	150		161,323
6.50%, 01/15/26 (Call 01/15/21)^b		USD	300		333,562
6.63%, 04/01/23 (Call 04/01/18)		USD	350		369,870
6.84%, 04/28/23 (Call 04/28/18)		USD	100		106,094
TA MFG. Ltd.
3.63%, 04/15/23 (Call 04/15/18)^d		EUR	100		121,226
Talen Energy Supply LLC
4.60%, 12/15/21 (Call 09/15/21)^b		USD	100		80,250
6.50%, 06/01/25 (Call 06/01/20)		USD	100		71,750
9.50%, 07/15/22 (Call 07/15/20)^a		USD	100		88,250
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.13%, 11/15/19 (Call 08/31/17)		USD	50		50,607
4.25%, 11/15/23 (Call 05/15/18)		USD	100		98,721
5.13%, 02/01/25 (Call 02/01/20)^a		USD	95		97,545
5.25%, 05/01/23 (Call 11/01/17)		USD	50		51,452
5.38%, 02/01/27 (Call 02/01/22)^a		USD	50		51,938
6.75%, 03/15/24 (Call 09/15/19)		USD	150		162,375
TEGNA Inc.
5.13%, 10/15/19 (Call 08/31/17)		USD	125		127,318
5.13%, 07/15/20 (Call 08/31/17)		USD	100		102,572
6.38%, 10/15/23 (Call 10/15/18)		USD	75		79,397
Tempur Sealy International Inc.
5.50%, 06/15/26 (Call 06/15/21)^b		USD	100		103,000
5.63%, 10/15/23 (Call 10/15/18)		USD	50		52,087
Tenet Healthcare Corp.
4.38%, 10/01/21		USD	150		153,187
4.50%, 04/01/21		USD	175		178,961
4.63%, 07/15/24 (Call 07/15/20)^a		USD	475		474,943
5.13%, 05/01/25 (Call 05/01/20)^a,b		USD	195		195,873
5.50%, 03/01/19		USD	25		25,833
6.00%, 10/01/20		USD	300		321,000
6.75%, 06/15/23^b		USD	275		272,214
7.50%, 01/01/22 (Call 01/01/19)^a		USD	125		135,687
8.00%, 08/01/20 (Call 08/31/17)		USD	150		152,062
8.13%, 04/01/22^b		USD	475		511,100
TerraForm Power Operating LLC
6.38%, 02/01/23 (Call 02/01/18)^a,f		USD	125		130,059
Tesoro Logistics LP/Tesoro Logistics Finance Corp.
5.25%, 01/15/25 (Call 01/15/21)		USD	125		133,477
5.50%, 10/15/19 (Call 09/15/19)		USD	50		52,563
5.88%, 10/01/20 (Call 08/31/17)		USD	50		50,928


			23

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)			Value
6.13%, 10/15/21 (Call 08/16/17)		USD	50	$	51,813
6.25%, 10/15/22 (Call 10/15/18)		USD	175		186,375
6.38%, 05/01/24 (Call 05/01/19)		USD	75		81,813
THC Escrow Corp. III
7.00%, 08/01/25 (Call 08/01/20)^a,b		USD	155		153,062
Toll Brothers Finance Corp.
4.88%, 03/15/27 (Call 12/15/26)		USD	85		87,812
5.88%, 02/15/22 (Call 11/15/21)		USD	100		111,650
TransDigm Inc.
5.50%, 10/15/20 (Call 08/31/17)		USD	50		50,798
6.00%, 07/15/22 (Call 08/31/17)^b		USD	175		182,666
6.38%, 06/15/26 (Call 06/15/21)^b		USD	200		208,587
6.50%, 07/15/24 (Call 07/15/19)^b		USD	175		185,281
6.50%, 05/15/25 (Call 05/15/20)		USD	100		105,250
Transocean Inc.
5.80%, 10/15/22 (Call 07/15/22)^b		USD	50		47,083
6.50%, 11/15/20^b		USD	50		51,875
9.00%, 07/15/23 (Call 07/15/20)^a		USD	200		208,608
Transocean Phoenix 2 Ltd.
7.75%, 10/15/24 (Call 10/15/20)^a		USD	95		102,838
Transocean Proteus Ltd.
6.25%, 12/01/24 (Call 12/01/20)^a,b		USD	95		99,513
TreeHouse Foods Inc.
4.88%, 03/15/22 (Call 08/31/17)		USD	50		51,754
6.00%, 02/15/24 (Call 02/15/19)^a		USD	100		107,327
TRI Pointe Group Inc./TRI Pointe Homes Inc.
4.38%, 06/15/19		USD	50		51,313
5.88%, 06/15/24		USD	100		106,500
Tribune Media Co.
5.88%, 07/15/22 (Call 07/15/18)		USD	175		183,750
Trinseo Materials Operating SCA/Trinseo Materials Finance Inc.
6.38%, 05/01/22 (Call 05/01/18)^d		EUR	100		125,508
Tronox Finance LLC
6.38%, 08/15/20 (Call 08/31/17)		USD	125		126,506
7.50%, 03/15/22 (Call 03/15/18)^a,b		USD	100		104,875
U.S. Steel Corp.
7.38%, 04/01/20^b		USD	24		26,054
7.50%, 03/15/22 (Call 08/31/17)^b		USD	75		77,664
8.38%, 07/01/21 (Call 07/01/18)^a		USD	175		193,594
Ultra Resources Inc.
6.88%, 04/15/22 (Call 04/15/19)^a		USD	100		103,312
7.13%, 04/15/25 (Call 04/15/20)^a,b		USD	65		66,141
United Rentals North America Inc.
4.63%, 07/15/23 (Call 07/15/18)		USD	225		235,559
5.50%, 07/15/25 (Call 07/15/20)^b		USD	125		132,463
5.50%, 05/15/27 (Call 05/15/22)		USD	180		189,086
5.75%, 11/15/24 (Call 05/15/19)^b		USD	175		185,937
5.88%, 09/15/26 (Call 09/15/21)		USD	150		161,095
6.13%, 06/15/23 (Call 08/27/17)		USD	125		130,781
7.63%, 04/15/22 (Call 08/31/17)		USD	17		17,725
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC
6.00%, 04/15/23 (Call 04/15/18)^a		USD	50		51,625
7.13%, 12/15/24 (Call 12/15/19)^a		USD	75		73,444
8.25%, 10/15/23 (Call 04/15/19)		USD	200		206,750
Univision Communications Inc.
5.13%, 05/15/23 (Call 05/15/18)^a		USD	200		203,750
5.13%, 02/15/25 (Call 02/15/20)^a,b		USD	250		249,687
6.75%, 09/15/22 (Call 09/15/17)^a,b		USD	190		197,362
Valeant Pharmaceuticals International Inc.
4.50%, 05/15/23 (Call 05/15/18)^d		EUR	225		218,064
5.38%, 03/15/20 (Call 08/31/17)^a		USD	300		290,081


Security	Principal (000s)			Value
5.50%, 03/01/23 (Call 03/01/18)^a		USD	150	$	128,250
5.88%, 05/15/23 (Call 05/15/18)^a		USD	525		452,182
6.13%, 04/15/25 (Call 04/15/20)^a		USD	500		425,625
6.38%, 10/15/20 (Call 08/31/17)^a		USD	425		413,312
6.50%, 03/15/22 (Call 03/15/19)^a		USD	200		211,000
6.75%, 08/15/21 (Call 08/31/17)^a		USD	100		94,763
7.00%, 10/01/20 (Call 08/31/17)^a		USD	100		98,678
7.00%, 03/15/24 (Call 03/15/20)^a		USD	300		319,500
7.25%, 07/15/22 (Call 08/31/17)^a,b		USD	50		47,250
VeriSign Inc.
4.63%, 05/01/23 (Call 05/01/18)		USD	150		154,188
4.75%, 07/15/27 (Call 07/15/22)^a		USD	77		78,147
5.25%, 04/01/25 (Call 01/01/25)		USD	50		53,313
Veritas U.S. Inc./Veritas Bermuda Ltd.
7.50%, 02/01/23 (Call 02/01/19)^a		USD	200		216,500
Vertiv Group Corp.
9.25%, 10/15/24 (Call 10/15/19)^a		USD	125		138,153
Viacom Inc.
VRN, (3 mo. LIBOR US + 3.895%)
5.88%, 02/28/57 (Call 02/28/22)^c		USD	100		102,415
VRN, (3 mo. LIBOR US + 3.899%)
6.25%, 02/28/57 (Call 02/28/27)^c		USD	100		102,666
Voya Financial Inc.
VRN, (3 mo. LIBOR US + 3.580%)
5.65%, 05/15/53 (Call 05/15/23)^c		USD	100		107,250
VWR Funding Inc.
4.63%, 04/15/22 (Call 04/15/18)^d		EUR	100		122,242
Weatherford International Ltd.
4.50%, 04/15/22 (Call 01/15/22)^b		USD	105		96,994
7.75%, 06/15/21 (Call 05/15/21)^b		USD	95		97,670
8.25%, 06/15/23 (Call 03/15/23)^b		USD	120		122,700
9.63%, 03/01/19		USD	100		108,000
9.88%, 02/15/24 (Call 11/15/23)^a		USD	125		134,412
WellCare Health Plans Inc.
5.25%, 04/01/25 (Call 04/01/20)		USD	185		195,201
West Corp.
4.75%, 07/15/21 (Call 07/15/18)^a		USD	100		101,944
5.38%, 07/15/22 (Call 08/31/17)^a		USD	125		126,562
Western Digital Corp.
10.50%, 04/01/24 (Call 04/01/19)		USD	525		620,648
Whiting Petroleum Corp.
5.00%, 03/15/19 (Call 12/15/18)^b		USD	150		147,559
5.75%, 03/15/21 (Call 12/15/20)^b		USD	150		141,750
6.25%, 04/01/23 (Call 01/01/23)^b		USD	50		47,313
Williams Companies Inc. (The)
3.70%, 01/15/23 (Call 10/15/22)		USD	100		98,968
4.55%, 06/24/24 (Call 03/24/24)^b		USD	225		232,008
Windstream Services LLC
6.38%, 08/01/23 (Call 02/01/18)^b		USD	75		61,496
7.50%, 06/01/22 (Call 06/01/18)		USD	100		85,837
7.75%, 10/15/20 (Call 08/31/17)^b		USD	100		96,203
7.75%, 10/01/21 (Call 08/31/17)^b		USD	125		111,719
WMG Acquisition Corp.
4.13%, 11/01/24 (Call 11/01/19)^d		EUR	100		124,724
6.75%, 04/15/22 (Call 08/31/17)^a		USD	75		78,790
WPX Energy Inc.
5.25%, 09/15/24 (Call 06/15/24)^b		USD	100		99,070
6.00%, 01/15/22 (Call 10/15/21)		USD	175		179,812
7.50%, 08/01/20 (Call 07/01/20)		USD	50		53,433
8.25%, 08/01/23 (Call 06/01/23)		USD	75		82,815
WR Grace & Co.-Conn
5.13%, 10/01/21^a,b		USD	100		108,000


24

Schedule of Investments (Unaudited) (Continued)

iSHARES^® GLOBAL HIGH YIELD CORPORATE BOND ETF

July 31, 2017


Security	Principal or Shares (000s)			Value
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
4.25%, 05/30/23 (Call 02/28/23)^a		USD	75	$	75,810
5.25%, 05/15/27 (Call 02/15/27)^a		USD	150		153,562
5.50%, 03/01/25 (Call 12/01/24)^a		USD	275		289,781
XPO Logistics Inc.
5.75%, 06/15/21 (Call 12/15/17)^d		EUR	100		122,641
6.13%, 09/01/23 (Call 09/01/19)^a		USD	75		77,857
6.50%, 06/15/22 (Call 06/15/18)^a,b		USD	275		286,344
Zayo Group LLC/Zayo Capital Inc.
5.75%, 01/15/27 (Call 01/15/22)^a		USD	230		243,361
6.00%, 04/01/23 (Call 04/01/18)		USD	225		237,375
6.38%, 05/15/25 (Call 05/15/20)		USD	155		168,175
Zebra Technologies Corp.
7.25%, 10/15/22 (Call 10/15/17)^b		USD	200		213,000

					122,117,046
TOTAL CORPORATE BONDS & NOTES (Cost: $183,066,631)					188,823,160


SHORT-TERM INVESTMENTS — 19.70%

MONEY MARKET FUNDS — 19.70%
BlackRock Cash Funds: Institutional, SL Agency Shares 1.32%^i,j,k			36,893		36,903,863
BlackRock Cash Funds: Treasury, SL Agency Shares 0.98%^i,j			1,321		1,321,238

					38,225,101


TOTAL SHORT-TERM INVESTMENTS (Cost: $38,219,160)					38,225,101



	Value
TOTAL INVESTMENTS IN SECURITIES — 117.01% (Cost: $221,285,791)^l	$	227,048,261
Other Assets, Less Liabilities — (17.01)%		(32,995,567	)


NET ASSETS — 100.00%	$	194,052,694


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	Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.

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

^e	Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

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

^g	Issuer is in default of interest payments.

^h	Security is perpetual in nature with no stated maturity date.

ⁱ	Affiliated money market fund.

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

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

^l	The cost of investments for federal income tax purposes was $221,309,967. Net unrealized appreciation was $5,738,294, of which $8,114,489 represented gross unrealized appreciation on securities and $2,376,195 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements


	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Corporate bonds & notes	$	—	$	188,823,160	$	—	$	188,823,160
Money market funds		38,225,101		—		—		38,225,101

Total	$	38,225,101	$	188,823,160	$	—	$	227,048,261


			25

Schedule of Investments (Unaudited)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

July 31, 2017


Security	Shares or Principal (000s)			Value
COMMON STOCKS — 0.00%

SOUTH AFRICA — 0.00%
Sentry Holdings Ltd. Class A^a,b			25	$	—

TOTAL COMMON STOCKS
(Cost: $159,437)					—
CORPORATE BONDS & NOTES — 97.81%

AUSTRALIA — 0.35%
Origin Energy Finance Ltd. VRN, (5 year EUR Swap + 3.670%)
4.00%, 09/16/74 (Call 09/16/19)^c		EUR	200		243,076

					243,076
AUSTRIA — 1.15%
Raiffeisen Bank International AG
6.00%, 10/16/23^d		EUR	100		139,063
6.63%, 05/18/21		EUR	100		138,581
VRN, (5 year EUR Swap + 3.300%)
4.50%, 02/21/25 (Call 02/21/20)^c,d		EUR	100		125,871
VRN, (5 year EUR Swap + 4.840%)
5.88%, 04/27/23 (Call 04/27/18)^c,d		EUR	100		122,331
Raiffeisenlandesbank Niederoesterreich-Wien AG
5.88%, 11/27/23^d		EUR	100		131,182
Wienerberger AG
4.00%, 04/17/20		EUR	100		129,050

					786,078
BELGIUM — 1.30%
Barry Callebaut Services NV
2.38%, 05/24/24^d		EUR	100		124,548
5.63%, 06/15/21^d		EUR	100		140,296
Ethias SA
5.00%, 01/14/26^d		EUR	100		129,429
Nyrstar Netherlands Holdings BV
6.88%, 03/15/24 (Call 03/15/20)^d		EUR	100		120,654
8.50%, 09/15/19^d		EUR	100		129,648
Ontex Group NV
4.75%, 11/15/21 (Call 11/15/17)^d		EUR	100		122,007
Telenet Finance V Luxembourg SCA
6.75%, 08/15/24 (Call 08/15/18)^d		EUR	100		128,509

					895,091


Security	Principal (000s)			Value
CANADA — 2.84%
AutoCanada Inc.
5.63%, 05/25/21 (Call 08/30/17)		CAD	50	$	40,600
Baytex Energy Corp.
6.63%, 07/19/22 (Call 08/30/17)		CAD	75		56,975
Bombardier Inc.
6.13%, 05/15/21^d		EUR	200		256,211
Brookfield Residential Properties Inc.
6.13%, 05/15/23 (Call 05/15/18)^d		CAD	75		62,178
Cascades Inc.
5.50%, 07/15/21 (Call 08/30/17)^e		CAD	50		41,505
CES Energy Solutions Corp.
7.38%, 04/17/20 (Call 08/30/17)		CAD	75		62,120
Cott Corp.
5.50%, 07/01/24 (Call 07/01/19)^d		EUR	100		129,562
Entertainment One Ltd.
6.88%, 12/15/22 (Call 12/15/18)^d		GBP	100		144,281
Gibson Energy Inc.
5.38%, 07/15/22 (Call 08/30/17)^e		CAD	75		60,738
Great Canadian Gaming Corp.
6.63%, 07/25/22 (Call 08/30/17)^e		CAD	75		62,030
Iron Mountain Canada Operations ULC
5.38%, 09/15/23^d		CAD	50		42,121
Mattamy Group Corp.
6.88%, 11/15/20 (Call 08/30/17)^e		CAD	50		40,961
Newalta Corp. Series 2
7.75%, 11/14/19 (Call 08/30/17)		CAD	50		37,583
Noralta Lodge Ltd.
7.50%, 09/24/19 (Call 08/30/17)^d		CAD	13		10,084
Parkland Fuel Corp.
5.50%, 05/28/21 (Call 08/30/17)		CAD	50		41,352
5.63%, 05/09/25 (Call 05/09/20)		CAD	150		120,772
6.00%, 11/21/22 (Call 11/21/17)		CAD	100		83,063
Quebecor Media Inc.
6.63%, 01/15/23^e		CAD	125		109,608
River Cree Enterprises LP
11.00%, 01/20/21 (Call 01/20/18)^e		CAD	50		41,562
Russel Metals Inc.
6.00%, 04/19/22 (Call 08/30/17)^e		CAD	75		61,773
Southern Pacific Resource Corp.
8.75%, 01/25/18 (Call 08/30/17)^a,e,f		CAD	50		4
Superior Plus LP
5.25%, 02/27/24 (Call 02/27/20)		CAD	50		40,962
6.50%, 12/09/21 (Call 12/09/17)		CAD	50		42,281
Trilogy Energy Corp.
7.25%, 12/13/19 (Call 08/30/17)^e		CAD	75		61,248
Videotron Ltd.
5.63%, 06/15/25 (Call 03/15/25)		CAD	75		64,637
5.75%, 01/15/26 (Call 09/15/20)^d		CAD	100		85,837
Wajax Corp.
6.13%, 10/23/20 (Call 10/23/17)^d		CAD	50		41,319
Western Energy Services Corp.
7.88%, 01/30/19 (Call 08/30/17)		CAD	53		41,958
Yellow Pages Digital & Media Solutions Ltd.
9.25%, 11/30/18 (Call 08/30/17)		CAD	83		66,047

					1,949,372


26

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

July 31, 2017


Security	Principal (000s)			Value
CYPRUS — 0.19%
Bank of Cyprus PCL VRN, (5 year EUR Swap + 9.176%)
9.25%, 01/19/27 (Call 01/19/22)^c,d		EUR	100	$	128,467

					128,467
DENMARK — 0.53%
Nassa Topco AS
2.88%, 04/06/24 (Call 01/06/24)^d		EUR	100		122,664
TDC A/S VRN, (5 year EUR Swap + 3.110%)
3.50%, 02/26/49 (Call 02/26/21)^c,d		EUR	200		242,677

					365,341
FINLAND — 1.05%
Nokia OYJ
1.00%, 03/15/21 (Call 02/15/21)^d		EUR	100		118,572
2.00%, 03/15/24 (Call 12/15/23)^d		EUR	100		119,734
Outokumpu OYJ
6.63%, 09/30/19 (Call 08/30/17)^d		EUR	100		121,594
Stora Enso OYJ
2.13%, 06/16/23 (Call 03/16/23)^d		EUR	100		121,624
Teollisuuden Voima OYJ
2.13%, 02/04/25 (Call 11/04/24)^d		EUR	100		116,674
2.63%, 01/13/23^d		EUR	100		122,680

					720,878
FRANCE — 12.82%
3AB Optique Developpement SAS
5.63%, 04/15/19 (Call 08/30/17)^d		EUR	100		118,690
Areva SA
3.25%, 09/04/20^d		EUR	200		248,758
3.50%, 03/22/21		EUR	100		126,518
4.38%, 11/06/19		EUR	200		253,548
Autodis SA
4.38%, 05/01/22 (Call 05/01/18)^d		EUR	100		122,016
Banijay Group SAS
4.00%, 07/01/22 (Call 07/01/19)^d		EUR	100		121,534
Burger King France SAS
6.00%, 05/01/24 (Call 05/01/20)^d		EUR	100		126,016
Casino Guichard Perrachon SA
1.87%, 06/13/22 (Call 03/13/22)^d		EUR	100		119,543
3.58%, 02/07/25 (Call 11/07/24)^d		EUR	100		124,352
4.05%, 08/05/26 (Call 05/05/26)^d		EUR	200		255,394
4.41%, 08/06/19^d		EUR	200		255,832
4.50%, 03/07/24 (Call 12/07/23)^d		EUR	200		264,266
4.56%, 01/25/23^d		EUR	100		133,728
5.24%, 03/09/20		EUR	100		133,051
5.98%, 05/26/21^d		EUR	200		278,842
CMA CGM SA
6.50%, 07/15/22 (Call 07/15/19)^d		EUR	100		121,398
7.75%, 01/15/21 (Call 01/15/18)^d		EUR	100		123,726
8.75%, 12/15/18 (Call 08/07/17)^d		EUR	100		120,592
ContourGlobal Power Holdings SA
5.13%, 06/15/21 (Call 06/15/18)^d		EUR	100		123,779


Security	Principal (000s)			Value
Elis SA
3.00%, 04/30/22 (Call 04/30/18)^d		EUR	200	$	242,990
Europcar Groupe SA
5.75%, 06/15/22 (Call 06/15/18)^d		EUR	100		124,699
Faurecia
3.13%, 06/15/22 (Call 06/15/18)^d		EUR	100		121,707
3.63%, 06/15/23 (Call 06/15/19)^d		EUR	200		248,379
Groupe Fnac SA
3.25%, 09/30/23 (Call 09/30/19)^d		EUR	100		124,534
Holdikks SAS
6.75%, 07/15/21 (Call 08/30/17)^d		EUR	100		70,491
HomeVi SAS
6.88%, 08/15/21 (Call 08/15/17)^d		EUR	100		122,616
La Financiere Atalian SAS
4.00%, 05/15/24 (Call 05/15/20)^d		EUR	100		122,995
Loxam SAS
3.50%, 05/03/23 (Call 05/03/19)^d		EUR	100		122,657
4.88%, 07/23/21 (Call 08/10/17)^d		EUR	100		120,944
6.00%, 04/15/25 (Call 04/15/20)^d		EUR	100		127,673
Mobilux Finance SAS
5.50%, 11/15/24 (Call 11/15/19)^d		EUR	100		124,854
NEW Areva Holding SA
3.13%, 03/20/23 (Call 12/20/22)^d		EUR	200		246,222
4.88%, 09/23/24		EUR	200		266,245
Nexans SA
3.25%, 05/26/21 (Call 02/26/21)^d		EUR	100		128,180
Novafives SAS
4.50%, 06/30/21 (Call 08/10/17)^d		EUR	100		119,976
Paprec Holding
5.25%, 04/01/22 (Call 04/01/18)^d		EUR	100		123,166
Peugeot SA
2.00%, 03/23/24^d		EUR	75		89,528
2.38%, 04/14/23^d		EUR	150		187,880
6.50%, 01/18/19^d		EUR	100		128,931
Rexel SA
2.63%, 06/15/24 (Call 03/15/20)^d		EUR	125		149,342
3.25%, 06/15/22 (Call 06/15/18)^d		EUR	100		122,151
3.50%, 06/15/23 (Call 06/15/19)^d		EUR	200		247,811
SFR Group SA
5.38%, 05/15/22 (Call 08/30/17)^d		EUR	200		245,814
5.63%, 05/15/24 (Call 05/15/19)^d		EUR	300		384,484
SMCP Group SAS
5.88%, 05/01/23 (Call 05/01/19)^d		EUR	90		115,117
SPCM SA
2.88%, 06/15/23 (Call 06/15/18)^d		EUR	100		120,451
SPIE SA
3.13%, 03/22/24 (Call 09/22/23)^d		EUR	100		122,023
Synlab Bondco PLC
6.25%, 07/01/22 (Call 07/01/18)^d		EUR	100		127,166
Synlab Unsecured Bondco PLC
8.25%, 07/01/23 (Call 07/01/18)^d		EUR	150		196,834
Tereos Finance Groupe I SA
4.13%, 06/16/23 (Call 03/16/23)^d		EUR	100		120,304
4.25%, 03/04/20 (Call 03/04/19)		EUR	100		123,776
THOM Europe SAS
7.38%, 07/15/19 (Call 08/08/17)^d		EUR	100		119,876
Vallourec SA
2.25%, 09/30/24^d		EUR	100		94,040
3.25%, 08/02/19^d		EUR	100		120,617
Verallia Packaging SASU
5.13%, 08/01/22 (Call 08/01/18)^d		EUR	100		124,963


			27

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

July 31, 2017


Security	Principal (000s)			Value
WFS Global Holding SAS
9.50%, 07/15/22 (Call 07/15/18)^d		EUR	100	$	127,980

					8,798,999
GERMANY — 10.25%
Auris Luxembourg II SA
8.00%, 01/15/23 (Call 01/15/18)^d		EUR	100		125,858
Bilfinger SE
2.38%, 12/07/19^d		EUR	100		122,362
BMBG Bond Finance SCA
3.00%, 06/15/21 (Call 06/15/18)^d		EUR	100		121,499
CeramTec Group GmbH
8.25%, 08/15/21 (Call 08/30/17)^d		EUR	100		123,095
Deutsche Lufthansa AG VRN, (5 year EUR Swap + 4.783%)
5.13%, 08/12/75 (Call 02/12/21)^c,d		EUR	100		128,847
FTE Verwaltungs GmbH
9.00%, 07/15/20 (Call 08/10/17)^d		EUR	100		122,689
Hapag-Lloyd AG
5.13%, 07/15/24 (Call 07/15/20)^d		EUR	100		120,092
6.75%, 02/01/22 (Call 02/01/19)^d		EUR	100		126,153
HP Pelzer Holding GmbH
4.13%, 04/01/24 (Call 04/01/20)^d		EUR	100		121,287
K+S AG
2.63%, 04/06/23 (Call 01/06/23)^d		EUR	100		121,423
3.00%, 06/20/22^d		EUR	100		125,592
Kirk Beauty One GmbH
8.75%, 07/15/23 (Call 07/15/18)^d		EUR	150		192,766
LANXESS AG VRN, (5 year EUR Swap + 4.510%)
4.50%, 12/06/76 (Call 06/06/23)^c,d		EUR	50		64,429
Norddeutsche Landesbank Girozentrale
6.00%, 06/29/20		EUR	100		127,115
PCF GmbH
7.88%, 08/01/19 (Call 08/01/17)^d		EUR	100		120,264
Phoenix PIB Dutch Finance BV
3.63%, 07/30/21^d		EUR	100		130,722
PrestigeBidCo GmbH
6.25%, 12/15/23 (Call 12/15/19)^d		EUR	100		127,709
ProGroup AG
5.13%, 05/01/22 (Call 05/01/18)^d		EUR	100		124,137
RWE AG
VRN, (5 year EUR Swap + 2.643%)
2.75%, 04/21/75 (Call 10/21/20)^c,d		EUR	200		238,349
VRN, (5 year EUR Swap + 3.245%)
3.50%, 04/21/75 (Call 04/21/25)^c,d		EUR	100		116,356
Senvion Holding GmbH
3.88%, 10/25/22 (Call 05/01/19)^d		EUR	100		120,318
SGL Carbon SE
4.88%, 01/15/21 (Call 08/30/17)^d		EUR	100		121,008
Takko Luxembourg 2 SCA
9.88%, 04/15/19 (Call 08/10/17)^d		EUR	100		115,582
Techem Energy Metering Service GmbH & Co. KG
7.88%, 10/01/20 (Call 08/10/17)^d		EUR	100		121,842
Techem GmbH
6.13%, 10/01/19 (Call 08/10/17)^d		EUR	100		120,939
thyssenkrupp AG
1.38%, 03/03/22 (Call 12/03/21)^d		EUR	250		295,463
1.75%, 11/25/20 (Call 08/25/20)^d		EUR	200		243,874


Security	Principal (000s)			Value
2.50%, 02/25/25^d		EUR	100	$	123,904
2.75%, 03/08/21 (Call 12/08/20)^d		EUR	200		249,567
3.13%, 10/25/19 (Call 07/25/19)^d		EUR	300		373,070
4.00%, 08/27/18		EUR	300		367,978
Trionista Holdco GmbH
5.00%, 04/30/20 (Call 08/30/17)^d		EUR	100		119,814
Trionista TopCo GmbH
6.88%, 04/30/21 (Call 08/30/17)^d		EUR	100		122,649
TUI AG
2.13%, 10/26/21 (Call 07/26/21)^d		EUR	100		122,490
Unitymedia GmbH
3.75%, 01/15/27 (Call 01/15/21)^d		EUR	200		240,318
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
3.50%, 01/15/27 (Call 01/15/21)^d		EUR	100		122,235
4.00%, 01/15/25 (Call 01/15/20)^d		EUR	100		125,009
4.63%, 02/15/26 (Call 02/15/21)^d		EUR	100		128,441
5.13%, 01/21/23 (Call 01/21/18)^d		EUR	146		179,460
5.50%, 09/15/22 (Call 09/15/17)^d		EUR	81		98,596
5.63%, 04/15/23 (Call 04/15/18)^d		EUR	70		87,325
5.75%, 01/15/23 (Call 01/15/18)^d		EUR	73		90,129
WEPA Hygieneprodukte GmbH
3.75%, 05/15/24 (Call 05/15/19)^d		EUR	100		123,290
ZF North America Capital Inc.
2.25%, 04/26/19^d		EUR	300		365,145
2.75%, 04/27/23^d		EUR	200		252,016

					7,031,206
GREECE — 1.07%
Intralot Capital Luxembourg SA
6.75%, 09/15/21 (Call 09/15/18)^d		EUR	100		125,105
OTE PLC
3.50%, 07/09/20^d		EUR	200		245,378
4.38%, 12/02/19^d		EUR	100		125,048
PPC Finance PLC
5.50%, 05/01/19 (Call 08/10/17)^d		EUR	100		109,312
Titan Global Finance PLC
3.50%, 06/17/21^d		EUR	100		126,112

					730,955
IRELAND — 2.68%
Allied Irish Banks PLC VRN, (5 year EUR Swap + 3.950%)
4.13%, 11/26/25 (Call 11/26/20)^c,d		EUR	200		254,052
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
2.75%, 03/15/24 (Call 03/15/20)^d		EUR	125		150,810
4.13%, 05/15/23 (Call 05/15/19)^d		EUR	100		125,342
4.25%, 01/15/22 (Call 08/01/17)^d		EUR	105		126,587
4.75%, 07/15/27 (Call 07/15/22)^d		GBP	100		133,166
6.75%, 05/15/24 (Call 05/15/19)^d		EUR	100		132,148
Bank of Ireland
10.00%, 12/19/22^d		EUR	100		166,990
VRN, (5 year EUR Swap + 3.550%)
4.25%, 06/11/24 (Call 06/11/19)^c,d		EUR	100		124,731
eircom Finance DAC
4.50%, 05/31/22 (Call 05/31/18)^d		EUR	200		246,176
Smurfit Kappa Acquisitions
2.38%, 02/01/24 (Call 11/01/23)^d		EUR	100		121,145
3.25%, 06/01/21 (Call 03/10/21)^d		EUR	100		127,382
4.13%, 01/30/20^d		EUR	100		128,808

					1,837,337


28

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

July 31, 2017


Security	Principal (000s)			Value

ITALY — 19.89%
Astaldi SpA
7.13%, 12/01/20 (Call 08/30/17)^d		EUR	200	$	244,053
Autostrada Brescia Verona Vicenza Padova SpA
2.38%, 03/20/20^d		EUR	100		124,830
Banca Monte dei Paschi di Siena SpA
3.63%, 04/01/19^d		EUR	200		244,877
5.60%, 09/09/20		EUR	100		51,287
Banca Popolare di Milano Scarl
7.13%, 03/01/21^d		EUR	100		128,705
Banca Popolare di Vicenza
2.75%, 03/20/20^d		EUR	200		249,669
5.00%, 10/25/18^d		EUR	100		124,619
Banco BPM SpA
2.75%, 07/27/20^d		EUR	200		244,698
4.25%, 01/30/19^d		EUR	100		123,659
Banco Popolare SC
2.63%, 09/21/18^d		EUR	100		120,517
3.50%, 03/14/19^d		EUR	300		367,904
6.00%, 11/05/20^d		EUR	100		124,800
6.38%, 05/31/21^d		EUR	100		127,032
Bormioli Rocco Holdings SA
10.00%, 08/01/18 (Call 08/30/17)^d		EUR	100		118,596
BPER Banca VRN, (5 year EUR Swap + 4.910%)
5.13%, 05/31/27 (Call 05/31/22)^c,d		EUR	100		123,137
Buzzi Unicem SpA
2.13%, 04/28/23 (Call 01/28/23)^d		EUR	100		123,444
6.25%, 09/28/18^d		EUR	100		126,236
CMF SpA
9.00%, 06/15/22 (Call 06/15/20)^d		EUR	100		117,374
Cooperativa Muratori & Cementisti-CMC di Ravenna SC
6.88%, 08/01/22 (Call 08/01/19)^d		EUR	100		117,637
Enel SpA
VRN, (5 year EUR Swap + 3.648%)
5.00%, 01/15/75 (Call 01/15/20)^c,d		EUR	200		255,720
VRN, (5 year EUR Swap + 5.242%)
6.50%, 01/10/74 (Call 01/10/19)^c,d		EUR	300		382,278
Fiat Chrysler Finance Europe
4.75%, 03/22/21^d		EUR	200		263,127
4.75%, 07/15/22^d		EUR	300		397,236
6.75%, 10/14/19^d		EUR	200		264,982
Iccrea Banca SpA
1.88%, 11/25/19^d		EUR	100		120,886
International Game Technology PLC
4.13%, 02/15/20 (Call 11/15/19)^d		EUR	100		126,432
Intesa Sanpaolo SpA
2.86%, 04/23/25^d		EUR	200		240,543
3.93%, 09/15/26^d		EUR	200		255,515
5.00%, 09/23/19^d		EUR	200		257,003
5.15%, 07/16/20		EUR	200		264,639
6.63%, 09/13/23^d		EUR	300		440,329
Leonardo SpA
1.50%, 06/07/24 (Call 03/07/24)^d		EUR	125		145,549
4.50%, 01/19/21		EUR	200		266,034
5.25%, 01/21/22		EUR	200		279,188
Manutencoop Facility Management SpA
8.50%, 08/01/20 (Call 08/30/17)^d		EUR	100		120,739
Mediobanca SpA


Security	Principal (000s)			Value
5.00%, 11/15/20		EUR	100	$	132,333
5.75%, 04/18/23		EUR	100		137,513
Moby SpA
7.75%, 02/15/23 (Call 02/15/19)^d		EUR	100		115,555
N&W Global Vending SpA
7.00%, 10/15/23 (Call 10/15/19)^d		EUR	100		123,699
Piaggio & C SpA
4.63%, 04/30/21 (Call 08/30/17)^d		EUR	100		122,262
Saipem Finance International BV
2.75%, 04/05/22^d		EUR	100		118,760
3.00%, 03/08/21^d		EUR	100		120,715
3.75%, 09/08/23^d		EUR	100		121,252
Salini Costruttori SpA
6.13%, 08/01/18		EUR	100		124,710
Salini Impregilo SpA
3.75%, 06/24/21^d		EUR	100		128,983
Schumann SpA
7.00%, 07/31/23 (Call 07/31/19)^d		EUR	100		118,216
Snaitech SpA
6.38%, 11/07/21 (Call 11/07/18)^d		EUR	100		127,051
Telecom Italia SpA
4.88%, 09/25/20^d		EUR	100		134,689
5.25%, 02/10/22^d		EUR	200		283,634
6.13%, 12/14/18		EUR	100		127,651
Telecom Italia SpA/Milano
3.00%, 09/30/25^d		EUR	100		127,074
3.25%, 01/16/23^d		EUR	200		262,862
3.63%, 01/19/24^d		EUR	100		132,952
3.63%, 05/25/26^d		EUR	200		265,821
4.50%, 01/25/21^d		EUR	100		134,803
5.38%, 01/29/19^d		EUR	200		254,332
6.38%, 06/24/19		GBP	150		216,347
UniCredit SpA
6.70%, 06/05/18^d		EUR	100		124,082
6.95%, 10/31/22^d		EUR	300		432,646
VRN, (5 year EUR Swap + 4.100%)
5.75%, 10/28/25 (Call 10/28/20)^c,d		EUR	300		393,900
VRN, (5 year EUR Swap + 4.316%)
4.38%, 01/03/27 (Call 01/03/22)^c,d		EUR	200		253,512
Unione di Banche Italiane SpA
VRN, (5 year EUR Swap + 4.182%)
4.25%, 05/05/26 (Call 05/05/21)^c,d		EUR	200		243,219
VRN, (5 year EUR Swap + 4.240%)
4.45%, 09/15/27 (Call 09/15/22)^c,d		EUR	100		122,354
Unipol Gruppo Finanziario SpA
3.00%, 03/18/25^d		EUR	300		356,249
Wind Acquisition Finance SA
4.00%, 07/15/20 (Call 08/10/17)^d		EUR	600		715,909
7.00%, 04/23/21 (Call 08/30/17)^d		EUR	400		492,476

					13,648,835
JAPAN — 1.16%
SoftBank Group Corp.
4.00%, 07/30/22 (Call 04/30/22)^d		EUR	100		128,793
4.63%, 04/15/20^d		EUR	100		128,787
4.75%, 07/30/25 (Call 04/30/25)^d		EUR	200		267,072
5.25%, 07/30/27 (Call 04/30/27)^d		EUR	200		271,906

					796,558
LUXEMBOURG — 4.79%
Altice Financing SA
5.25%, 02/15/23 (Call 02/15/18)^d		EUR	100		124,632


			29

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

July 31, 2017


Security	Principal (000s)			Value
Altice Finco SA
9.00%, 06/15/23 (Call 06/15/18)^d		EUR	100	$	131,079
Altice Luxembourg SA
6.25%, 02/15/25 (Call 02/15/20)^d		EUR	200		258,502
7.25%, 05/15/22 (Call 08/30/17)^d		EUR	400		500,626
ArcelorMittal
2.88%, 07/06/20^d		EUR	100		125,931
3.00%, 03/25/19^d		EUR	200		246,108
3.00%, 04/09/21^d		EUR	100		126,880
3.13%, 01/14/22^d		EUR	200		256,532
DEA Finance SA
7.50%, 10/15/22 (Call 04/15/19)^d		EUR	100		127,774
Garfunkelux Holdco 3 SA
7.50%, 08/01/22 (Call 08/01/18)^d		EUR	100		126,207
8.50%, 11/01/22 (Call 11/01/18)^d		GBP	100		141,608
INEOS Group Holdings SA
5.38%, 08/01/24 (Call 08/01/19)^d		EUR	200		251,901
LSF9 Balta Issuer SA
7.75%, 09/15/22 (Call 09/15/18)^d		EUR	93		119,402
Matterhorn Telecom SA
3.88%, 05/01/22 (Call 05/01/18)^d		EUR	200		242,484
Picard Bondco SA
7.75%, 02/01/20 (Call 08/30/17)^d		EUR	100		122,966
Swissport Investments SA
6.75%, 12/15/21 (Call 06/15/18)^d		EUR	200		253,018
Telenet Finance VI Luxembourg SCA
4.88%, 07/15/27 (Call 07/15/21)^d		EUR	100		129,089

					3,284,739
NETHERLANDS — 3.02%
Constellium NV
4.63%, 05/15/21 (Call 05/15/18)^d		EUR	100		119,588
InterXion Holding NV
6.00%, 07/15/20 (Call 08/10/17)^d		EUR	100		121,462
Maxeda DIY Holding BV
6.13%, 07/15/22 (Call 07/15/19)^d		EUR	100		120,847
Samvardhana Motherson Automotive System Group BV
1.80%, 07/06/24^d		EUR	100		115,412
SNS Bank NV
6.25%, 10/26/20 ^a,f		EUR	50		—
United Group BV
4.38%, 07/01/22 (Call 07/01/19)^d		EUR	100		117,900
4.88%, 07/01/24 (Call 07/01/20)^d		EUR	100		117,311
UPC Holding BV
3.88%, 06/15/29 (Call 06/15/22)^d		EUR	200		227,632
6.75%, 03/15/23 (Call 03/15/18)^d		EUR	100		125,842
UPCB Finance IV Ltd.
4.00%, 01/15/27 (Call 01/15/21)^d		EUR	100		123,225
UPCB Finance VII Ltd.
3.63%, 06/15/29 (Call 06/15/22)^d		EUR	100		117,230
Ziggo Bond Co. BV
7.13%, 05/15/24 (Call 05/15/19)^d		EUR	200		266,411
Ziggo Bond Finance BV
4.63%, 01/15/25 (Call 01/15/20)^d		EUR	100		125,024
Ziggo Secured Finance BV
3.75%, 01/15/25 (Call 01/15/20)^d		EUR	100		123,540
4.25%, 01/15/27 (Call 01/15/22)^d		EUR	200		249,720

					2,071,144


Security	Principal (000s)			Value

NORWAY — 0.18%
Silk Bidco AS
7.50%, 02/01/22 (Call 02/01/18)^d		EUR	100	$	124,585

					124,585
PORTUGAL — 0.38%
EDP - Energias de Portugal SA VRN, (5 year EUR Swap + 5.043%)
5.38%, 09/16/75 (Call 03/16/21)^c,d		EUR	200		260,525

					260,525
SINGAPORE — 0.55%
Lincoln Finance Ltd.
6.88%, 04/15/21 (Call 04/15/18)^d		EUR	300		378,934

					378,934
SPAIN — 5.80%
Banco de Sabadell SA
5.63%, 05/06/26^d		EUR	100		137,143
6.25%, 04/26/20		EUR	100		133,075
Bankia SA
VRN, (5 year EUR Swap + 3.166%)
4.00%, 05/22/24 (Call 05/22/19)^c,d		EUR	200		247,172
VRN, (5 year EUR Swap + 3.350%)
3.38%, 03/15/27 (Call 03/15/22)^c,d		EUR	100		123,328
Bankinter SA VRN, (5 year EUR Swap + 2.400%)
2.50%, 04/06/27 (Call 04/06/22)^c,d		EUR	100		120,578
CaixaBank SA
2.75%, 07/14/28^d,g		EUR	200		241,297
VRN, (5 year EUR Swap + 3.350%)
3.50%, 02/15/27 (Call 02/15/22)^c,d		EUR	200		251,462
VRN, (5 year EUR Swap + 3.950%)
5.00%, 11/14/23 (Call 11/14/18)^c,d		EUR	200		249,009
Campofrio Food Group SA
3.38%, 03/15/22 (Call 03/15/18)^d		EUR	80		97,180
Cellnex Telecom SA
2.38%, 01/16/24 (Call 10/16/23)^d		EUR	200		242,777
2.88%, 04/18/25 (Call 01/18/25)^d		EUR	100		122,870
3.13%, 07/27/22^d		EUR	100		128,973
Cirsa Funding Luxembourg SA
5.75%, 05/15/21 (Call 05/15/18)^d		EUR	100		124,932
5.88%, 05/15/23 (Call 05/15/18)^d		EUR	100		124,643
Codere Finance 2 Luxembourg SA
6.75%, 11/01/21 (Call 10/31/18)^d		EUR	100		119,973
eDreams ODIGEO SA
8.50%, 08/01/21 (Call 08/01/18)^d		EUR	100		128,423
Ence Energia y Celulosa SA
5.38%, 11/01/22 (Call 11/01/18)^d		EUR	100		126,994
Gestamp Funding Luxembourg SA
3.50%, 05/15/23 (Call 05/15/19)^d		EUR	100		123,565
Grifols SA
3.20%, 05/01/25 (Call 05/01/20)^d		EUR	200		239,329
Grupo Antolin Dutch BV
5.13%, 06/30/22 (Call 06/30/18)^d		EUR	100		125,416
Grupo Isolux Corsan SA
1.00%, 12/30/21 (Call 08/30/17)^f		EUR	141		3,318


30

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

July 31, 2017


Security	Principal (000s)			Value
Ibercaja Banco SA VRN, (5 year EUR Swap + 4.551%)
5.00%, 07/28/25 (Call 07/28/20)^c,d		EUR	100	$	120,472
Liberbank SA VRN, (5 year EUR Swap + 6.701%)
6.88%, 03/14/27 (Call 03/14/22)^c,d		EUR	100		114,952
NH Hotel Group SA
3.75%, 10/01/23 (Call 10/01/19)^d		EUR	100		124,685
Obrascon Huarte Lain SA
5.50%, 03/15/23 (Call 03/15/18)^d		EUR	100		96,456
Repsol International Finance BV VRN, (10 year EUR Swap + 4.200%)
4.50%, 03/25/75 (Call 03/25/25)^c,d		EUR	250		313,389

					3,981,411
SWEDEN — 1.75%
Intrum Justitia AB
2.75%, 07/15/22 (Call 07/15/19)^d		EUR	300		358,262
3.13%, 07/15/24 (Call 07/15/20)^d		EUR	200		238,348
Perstorp Holding AB
7.63%, 06/30/21 (Call 11/18/18)^d		EUR	100		126,873
Unilabs Subholding AB
5.75%, 05/15/25 (Call 05/15/20)^d		EUR	100		118,942
Verisure Holding AB
6.00%, 11/01/22 (Call 11/01/18)^d		EUR	180		229,692
Volvo Car AB
3.25%, 05/18/21^d		EUR	100		127,874

					1,199,991
SWITZERLAND — 1.08%
Dufry Finance SCA
4.50%, 07/15/22 (Call 08/30/17)^d		EUR	100		122,085
4.50%, 08/01/23 (Call 08/01/18)^d		EUR	200		251,507
Selecta Group BV
6.50%, 06/15/20 (Call 08/30/17)^d		EUR	100		120,317
SIG Combibloc Holdings SCA
7.75%, 02/15/23 (Call 02/15/18)^d		EUR	200		250,008

					743,917
UNITED KINGDOM — 14.09%
Algeco Scotsman Global Finance PLC
9.00%, 10/15/18 (Call 08/30/17)^d		EUR	100		114,048
Alliance Automotive Finance PLC
6.25%, 12/01/21 (Call 11/19/17)^d		EUR	100		123,253
Amigo Luxembourg SA
7.63%, 01/15/24 (Call 01/15/20)d		GBP	100		136,911
Anglo American Capital PLC
1.50%, 04/01/20^d		EUR	100		121,075
2.50%, 04/29/21^d		EUR	200		251,624
2.75%, 06/07/19^d		EUR	100		123,335
2.88%, 11/20/20^d		EUR	200		253,618
3.25%, 04/03/23^d		EUR	200		261,956
3.50%, 03/28/22^d		EUR	100		131,523
Ardonagh Midco 3 PLC
8.38%, 07/15/23 (Call 07/15/20)^d		GBP	100		132,180
Arqiva Broadcast Finance PLC
9.50%, 03/31/20 (Call 09/30/17)^d		GBP	100		139,928


Security	Principal (000s)			Value
Boparan Finance PLC
4.38%, 07/15/21 (Call 08/30/17)^d		EUR	100	$	117,375
5.50%, 07/15/21 (Call 08/10/17)^d		GBP	100		129,895
Cabot Financial Luxembourg SA
7.50%, 10/01/23 (Call 10/01/19)^d		GBP	100		142,902
CNH Industrial Finance Europe SA
1.38%, 05/23/22 (Call 02/23/22)^d		EUR	100		119,590
2.88%, 05/17/23^d		EUR	100		127,749
Drax Finco PLC
4.25%, 05/01/22 (Call 05/01/19)^d		GBP	100		135,018
EC Finance PLC
5.13%, 07/15/21 (Call 08/10/17)^d		EUR	100		120,873
Elli Finance UK PLC
8.75%, 06/15/19 (Call 08/30/17)^d		GBP	100		132,286
Fiat Chrysler Automobiles NV
3.75%, 03/29/24^d		EUR	300		380,503
Iceland Bondco PLC
6.25%, 07/15/21 (Call 08/30/17)^d		GBP	100		136,974
IDH Finance PLC
6.25%, 08/15/22 (Call 08/15/18)^d		GBP	100		127,668
Ineos Finance PLC
4.00%, 05/01/23 (Call 05/01/18)^d		EUR	100		122,435
International Personal Finance PLC
5.75%, 04/07/21^d		EUR	100		108,094
Interoute Finco PLC
7.38%, 10/15/20 (Call 10/15/17)^d		EUR	100		123,251
Iron Mountain Europe PLC
6.13%, 09/15/22 (Call 09/15/17)^d		GBP	100		138,444
Jaguar Land Rover Automotive PLC
2.20%, 01/15/24^d		EUR	100		119,220
3.88%, 03/01/23^d		GBP	100		138,331
5.00%, 02/15/22^d		GBP	100		145,609
Jerrold Finco PLC
6.25%, 09/15/21 (Call 09/15/18)^d		GBP	100		136,599
Lecta SA
6.50%, 08/01/23 (Call 08/01/19)^d		EUR	100		122,947
Matalan Finance PLC
6.88%, 06/01/19 (Call 08/10/17)^d		GBP	100		127,999
Merlin Entertainments PLC
2.75%, 03/15/22 (Call 12/15/21)^d		EUR	200		245,881
Nemean Bondco PLC
7.38%, 02/01/24 (Call 02/01/20)^d		GBP	100		127,212
New Look Secured Issuer PLC
6.50%, 07/01/22 (Call 06/24/18)^d		GBP	100		90,655
Nomad Foods Bondco PLC
3.25%, 05/15/24 (Call 05/15/20)^d		EUR	100		120,152
Pizzaexpress Financing 2 PLC
6.63%, 08/01/21 (Call 08/30/17)^d		GBP	150		194,684
Premier Foods Finance PLC
6.50%, 03/15/21 (Call 08/30/17)^d		GBP	100		133,800
Royal Bank of Scotland Group PLC VRN, (5 year EUR Swap + 2.650%)
3.63%, 03/25/24 (Call 03/25/19)^c,d		EUR	300		367,232
Stonegate Pub Co. Financing PLC
4.88%, 03/15/22 (Call 03/15/19)^d		GBP	100		135,180
TalkTalk Telecom Group PLC
5.38%, 01/15/22 (Call 01/15/19)^d		GBP	100		136,018
Tesco Corporate Treasury Services PLC
1.38%, 07/01/19^d		EUR	300		360,626
2.13%, 11/12/20 (Call 08/12/20)^d		EUR	100		123,296
2.50%, 07/01/24^d		EUR	200		242,510
Tesco PLC
3.38%, 11/02/18^d		EUR	100		122,650
6.13%, 02/24/22		GBP	200		302,816


			31

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

July 31, 2017


Security	Principal (000s)			Value
Thomas Cook Group PLC
6.25%, 06/15/22 (Call 06/15/19)^d		EUR	100	$	127,636
Travelex Financing PLC
8.00%, 05/15/22 (Call 05/15/20)^d		EUR	100		116,743
Travis Perkins PLC
4.38%, 09/15/21^d		GBP	100		137,110
TVL Finance PLC
8.50%, 05/15/23 (Call 05/15/19)^d		GBP	90		131,954
Virgin Media Finance PLC
4.50%, 01/15/25 (Call 01/15/20)^d		EUR	100		124,045
6.38%, 10/15/24 (Call 10/15/19)^d		GBP	100		141,719
7.00%, 04/15/23 (Call 04/15/18)^d		GBP	100		140,662
Virgin Media Receivables Financing Notes I DAC
5.50%, 09/15/24 (Call 09/15/19)^d		GBP	100		136,899
Virgin Media Secured Finance PLC
4.88%, 01/15/27 (Call 01/15/21)^d		GBP	100		137,436
5.00%, 04/15/27 (Call 04/15/22)^d		GBP	100		137,402
5.13%, 01/15/25 (Call 01/15/20)^d		GBP	100		138,817
6.25%, 03/28/29 (Call 01/15/21)^d		GBP	100		143,697
11.00%, 01/15/25 (Call 01/15/21)^d,h		GBP	100		153,160
Viridian Group FundCo II Ltd.
7.50%, 03/01/20 (Call 09/01/17)^d		EUR	100		122,597
Vue International Bidco PLC
7.88%, 07/15/20 (Call 08/30/17)^d		GBP	100		134,878
Worldpay Finance PLC
3.75%, 11/15/22 (Call 08/15/22)^d		EUR	150		197,154

					9,667,834
UNITED STATES — 10.89%
Adient Global Holdings Ltd.
3.50%, 08/15/24 (Call 05/15/24)^d		EUR	200		242,359
AMC Entertainment Holdings Inc.
6.38%, 11/15/24 (Call 11/15/19)		GBP	100		139,778
Avis Budget Finance PLC
4.13%, 11/15/24 (Call 11/15/19)^d		EUR	100		117,357
Axalta Coating Systems Dutch Holding B BV
3.75%, 01/15/25 (Call 01/15/20)^d		EUR	100		125,284
Ball Corp.
3.50%, 12/15/20		EUR	100		129,750
4.38%, 12/15/23		EUR	100		134,152
Belden Inc.
3.38%, 07/15/27 (Call 07/15/22)^d		EUR	100		119,079
5.50%, 04/15/23 (Call 04/15/18)^d		EUR	100		124,314
Catalent Pharma Solutions Inc.
4.75%, 12/15/24 (Call 12/15/19)^d		EUR	100		126,083
Chemours Co. (The)
6.13%, 05/15/23 (Call 05/15/18)		EUR	100		126,598
CNH Industrial Finance Europe SA
2.75%, 03/18/19^d		EUR	200		245,427
2.88%, 09/27/21^d		EUR	200		255,486
Colfax Corp.
3.25%, 05/15/25 (Call 05/15/20)^d		EUR	100		120,416
Crown European Holdings SA
2.63%, 09/30/24 (Call 03/31/24)^d		EUR	100		119,634
3.38%, 05/15/25 (Call 11/15/24)^d		EUR	200		245,628
4.00%, 07/15/22 (Call 04/15/22)^d		EUR	100		131,390
Darling Global Finance BV
4.75%, 05/30/22 (Call 05/30/18)^d		EUR	100		123,928


Security	Principal (000s)			Value
Federal-Mogul Holdings LLC
4.88%, 04/15/22 (Call 04/15/19)^d		EUR	125	$	145,631
Goodyear Dunlop Tires Europe BV
3.75%, 12/15/23 (Call 12/15/18)^d		EUR	100		124,081
Hanesbrands Finance Luxembourg SCA
3.50%, 06/15/24 (Call 03/15/24)^d		EUR	100		123,783
Hertz Holdings Netherlands BV
4.38%, 01/15/19^d		EUR	100		117,816
Huntsman International LLC
4.25%, 04/01/25 (Call 01/01/25)		EUR	100		135,059
5.13%, 04/15/21 (Call 01/15/21)		EUR	100		133,609
Infor U.S. Inc.
5.75%, 05/15/22 (Call 05/15/18)		EUR	100		123,141
International Game Technology PLC
4.75%, 03/05/20^d		EUR	100		128,843
4.75%, 02/15/23 (Call 08/15/22)^d		EUR	200		256,049
Iron Mountain Canada Operations ULC
6.13%, 08/15/21 (Call 08/30/17)		CAD	50		41,292
Levi Strauss & Co.
3.38%, 03/15/27 (Call 03/15/22)		EUR	100		121,971
LKQ Italia Bondco SpA
3.88%, 04/01/24 (Call 01/01/24)^d		EUR	100		127,676
MPT Operating Partnership LP/MPT Finance Corp.
3.33%, 03/24/25 (Call 12/24/24)		EUR	100		122,214
4.00%, 08/19/22 (Call 05/19/22)		EUR	100		130,140
Netflix Inc.
3.63%, 05/15/27^d		EUR	300		363,267
OI European Group BV
3.13%, 11/15/24 (Call 08/15/24)^d		EUR	100		120,527
4.88%, 03/31/21^d		EUR	100		133,655
6.75%, 09/15/20^d		EUR	100		139,373
Postmedia Network Inc.
8.25%, 07/15/21 (Call 08/30/17)^e		CAD	3		1,910
PSPC Escrow Corp.
6.00%, 02/01/23 (Call 02/01/18)^d		EUR	100		123,869
PVH Corp.
3.63%, 07/15/24 (Call 04/15/24)^d		EUR	100		126,053
Quintiles IMS Inc.
3.25%, 03/15/25 (Call 03/15/20)^d		EUR	300		363,511
3.50%, 10/15/24 (Call 10/15/19)^d		EUR	200		245,481
Sealed Air Corp.
4.50%, 09/15/23 (Call 06/15/23)^d		EUR	100		133,136
Silgan Holdings Inc.
3.25%, 03/15/25 (Call 03/15/20)^d		EUR	100		121,194
Spectrum Brands Inc.
4.00%, 10/01/26 (Call 10/01/21)^d		EUR	100		123,415
Superior Industries International Inc.
6.00%, 06/15/25 (Call 06/15/20)^d		EUR	100		115,542
TA MFG. Ltd.
3.63%, 04/15/23 (Call 04/15/18)^d		EUR	100		121,226
Trinseo Materials Operating SCA/Trinseo Materials Finance Inc.
6.38%, 05/01/22 (Call 05/01/18)^d		EUR	100		125,508
Valeant Pharmaceuticals International Inc.
4.50%, 05/15/23 (Call 05/15/18)^d		EUR	300		290,753
VWR Funding Inc.
4.63%, 04/15/22 (Call 04/15/18)^d		EUR	100		122,242
WMG Acquisition Corp.
4.13%, 11/01/24 (Call 11/01/19)^d		EUR	100		124,724
XPO Logistics Inc.
5.75%, 06/15/21 (Call 12/15/17)^d		EUR	100		122,641

					7,475,995
TOTAL CORPORATE BONDS & NOTES (Cost: $66,479,610)					67,121,268


32

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

July 31, 2017


Security	Shares (000s)		Value
SHORT-TERM INVESTMENTS — 0.01%

MONEY MARKET FUNDS — 0.01%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.98%^i,j		10	$	9,884

				9,884

TOTAL SHORT-TERM INVESTMENTS (Cost: $9,884)				9,884

TOTAL INVESTMENTS IN SECURITIES — 97.82% (Cost: $66,648,931)^k				67,131,152
Other Assets, Less Liabilities — 2.18%				1,496,927

NET ASSETS — 100.00%			$	68,628,079

VRN — Variable Rate Note

Currency abbreviations

CAD — Canadian Dollar

EUR — Euro

GBP — British Pound

^a	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^b	Non-income earning security.

^c	Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.

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

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

^f	Issuer is in default of interest payments.

^g	Variable or floating rate security, which interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

^h	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.

ⁱ	Affiliated money market fund.

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

^k	The cost of investments for federal income tax purposes was $66,730,261. Net unrealized appreciation was $400,891, of which $4,311,630 represented gross unrealized appreciation on securities and $3,910,739 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		—		67,121,264		4		67,121,268
Money market funds		9,884		—		—		9,884

Total	$	9,884	$	67,121,264	$	4	$	67,131,152

Rounds to less than $1.


			33

Schedule of Investments (Unaudited)

iSHARES^® J.P. MORGAN EM CORPORATE BOND ETF^a

July 31, 2017


Security	Principal (000s)		Value
CORPORATE BONDS & NOTES^b — 95.66%

ARGENTINA — 1.93%
Pampa Energia SA
7.38%, 07/21/23 (Call 07/21/20)^c	$	200	$	208,500
7.50%, 01/24/27 (Call 01/24/22)^c,d		150		155,625
Stoneway Capital Corp.
10.00%, 03/01/27 (Call 03/01/22)^c		150		157,500
YPF SA
8.50%, 03/23/21^c		200		221,250
8.50%, 07/28/25^c		125		138,400
8.75%, 04/04/24^c		580		649,832

				1,531,107
BARBADOS — 0.27%
Columbus Cable Barbados Ltd.
7.38%, 03/30/21 (Call 03/30/18)^c,d		200		213,250

				213,250
BRAZIL — 8.24%
Banco Bradesco SA/Cayman Islands
5.75%, 03/01/22^c		200		212,250
Banco BTG Pactual SA/Cayman Islands
4.00%, 01/16/20^c		200		192,500
Banco do Brasil SA/Cayman Islands
5.88%, 01/26/22^c		200		205,500
5.88%, 01/19/23^c		200		208,750
VRN, (10 year CMT + 4.398%)
6.25%, (Call 04/15/24)^c,e,f		200		173,300
Banco Votorantim SA
7.38%, 01/21/20^c		100		106,550
Braskem Finance Ltd.
5.38%, 05/02/22^c		200		208,000
BRF SA
3.95%, 05/22/23^c		200		195,250
Centrais Eletricas Brasileiras SA
5.75%, 10/27/21^c		200		207,300
CSN Resources SA
6.50%, 07/21/20^c		100		76,500
Embraer Netherlands Finance BV
5.05%, 06/15/25		100		104,680
5.40%, 02/01/27		150		156,450
Fibria Overseas Finance Ltd.
5.25%, 05/12/24		50		52,813
Gerdau Holdings Inc.
7.00%, 01/20/20^c		100		107,375
GTL Trade Finance Inc.
5.89%, 04/29/24 (Call 01/29/24)^c		150		155,625
Itau Unibanco Holding SA/Cayman Islands
5.13%, 05/13/23^c		200		207,000
5.65%, 03/19/22^c		200		210,250
5.75%, 01/22/21^c		100		105,500
JBS Investments GmbH
7.75%, 10/28/20 (Call 10/28/17)^c		200		200,000
JBS USA LUX SA/JBS USA Finance Inc.
7.25%, 06/01/21 (Call 08/30/17)^c		100		101,625
Marfrig Holdings Europe BV
8.00%, 06/08/23 (Call 06/08/19)^c		200		207,500


Security	Principal (000s)		Value
Odebrecht Finance Ltd.
4.38%, 04/25/25^c	$	200	$	77,750
Petrobras Global Finance BV
4.88%, 03/17/20		150		154,201
5.63%, 05/20/43		150		127,740
5.75%, 01/20/20		100		104,587
6.13%, 01/17/22		200		210,039
6.25%, 03/17/24		225		234,337
6.75%, 01/27/41		145		138,845
6.88%, 01/20/40		175		170,577
7.25%, 03/17/44		150		150,075
7.38%, 01/17/27		200		216,450
8.38%, 05/23/21		400		450,880
St. Marys Cement Inc. Canada
5.75%, 01/28/27 (Call 10/28/26)^c		200		204,600
Vale Overseas Ltd.
4.63%, 09/15/20^d		75		78,594
5.88%, 06/10/21^d		200		217,993
6.25%, 08/10/26		200		222,028
6.88%, 11/10/39		200		222,752
8.25%, 01/17/34^d		125		152,529

				6,528,695
CHILE — 4.26%
Celulosa Arauco y Constitucion SA
4.50%, 08/01/24 (Call 05/01/24)		200		207,000
4.75%, 01/11/22 (Call 10/11/21)		37		38,896
Cencosud SA
5.15%, 02/12/25 (Call 11/12/24)^c		200		213,000
Colbun SA
4.50%, 07/10/24 (Call 04/11/24)^c,d		200		209,500
Empresa Electrica Angamos SA
4.88%, 05/25/29^c,d		400		408,000
Empresa Nacional de Telecomunicaciones SA
4.75%, 08/01/26 (Call 05/03/26)^c		200		206,500
4.88%, 10/30/24^c,d		200		209,250
GNL Quintero SA
4.63%, 07/31/29^c		400		413,800
Inversiones CMPC SA
4.38%, 05/15/23^c		400		416,000
4.75%, 09/15/24 (Call 06/15/24)^c		200		210,750
Itau CorpBanca
3.88%, 09/22/19^c		200		206,000
LATAM Airlines Group SA
7.25%, 06/09/20^c		400		421,500
VTR Finance BV
6.88%, 01/15/24 (Call 01/15/19)^c		200		213,250

				3,373,446
CHINA — 8.60%
Agile Group Holdings Ltd.
9.00%, 05/21/20 (Call 05/21/18)^c		200		215,500
Alibaba Group Holding Ltd.
2.50%, 11/28/19 (Call 10/28/19)		200		201,785
3.60%, 11/28/24 (Call 08/28/24)		200		207,067
Azure Nova International Finance Ltd.
3.50%, 03/21/22^c		200		202,671
Baidu Inc.
4.13%, 06/30/25		200		209,169


34

Schedule of Investments (Unaudited) (Continued)

iSHARES^® J.P. MORGAN EM CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)		Value
Bank of China Ltd./Hong Kong
3.88%, 06/30/25^c	$	200	$	207,250
Bank of Communications Co. Ltd. VRN, (5 year CMT + 2.850%)
4.50%, 10/03/24 (Call 10/03/19)^c,e		200		206,000
China Cinda Finance 2015 I Ltd.
4.25%, 04/23/25^c		400		407,500
China Construction Bank Corp. VRN, (5 year CMT + 2.425%)
3.88%, 05/13/25 (Call 05/13/20)^c,e		200		204,257
China Overseas Finance Cayman II Ltd.
5.50%, 11/10/20^c		100		108,375
China Overseas Finance Cayman VI Ltd.
5.95%, 05/08/24^c		200		229,000
CITIC Ltd.
3.13%, 02/28/22^c		400		402,000
6.63%, 04/15/21^c		100		112,794
CMBLEMTN 1 Ltd.
3.25%, 11/29/21^c		200		200,953
CNOOC Finance 2012 Ltd.
5.00%, 05/02/42^c		200		221,028
CNOOC Finance 2015 Australia Pty Ltd.
2.63%, 05/05/20		200		200,750
CNOOC Nexen Finance 2014 ULC
4.25%, 04/30/24		200		210,933
CNPC General Capital Ltd.
3.40%, 04/16/23^c		200		204,047
Country Garden Holdings Co. Ltd.
7.50%, 03/09/20 (Call 03/09/18)^c		200		211,500
Greenland Global Investment Ltd.
5.88%, 07/03/24^c		200		202,936
Huarong Finance II Co. Ltd.
4.50%, 01/16/20^c		200		206,956
5.50%, 01/16/25^c		200		215,602
Industrial & Commercial Bank of China Ltd./New York
2.91%, 11/13/20		250		251,833
Industrial & Commercial Bank of China Ltd./Singapore FRN, (3 mo. LIBOR US + 0.950%)
2.26%, 04/24/22^c,g		400		400,915
JD.com Inc.
3.88%, 04/29/26		200		200,255
Nexen Energy ULC
7.50%, 07/30/39		100		143,250
Proven Honour Capital Ltd.
4.13%, 05/19/25^c		400		411,759
Shimao Property Holdings Ltd.
8.13%, 01/22/21 (Call 01/22/18)^c		200		212,000
Tencent Holdings Ltd.
2.88%, 02/11/20^c		400		406,500

				6,814,585
COLOMBIA — 4.33%
Banco de Bogota SA
5.38%, 02/19/23^c		200		211,250
6.25%, 05/12/26^c		200		216,500
Bancolombia SA
5.13%, 09/11/22		200		209,500
5.95%, 06/03/21		400		440,400
6.13%, 07/26/20		75		80,925
Colombia Telecomunicaciones SA ESP
5.38%, 09/27/22 (Call 09/27/17)^c		400		405,500


Security	Principal (000s)		Value
Ecopetrol SA
4.13%, 01/16/25	$	300	$	296,250
5.38%, 06/26/26 (Call 03/26/26)		225		236,025
5.88%, 09/18/23		200		220,256
5.88%, 05/28/45		400		372,880
7.38%, 09/18/43		100		109,625
Grupo Aval Ltd.
4.75%, 09/26/22^c		200		203,750
GrupoSura Finance SA
5.50%, 04/29/26 (Call 01/29/26)^c		200		215,750
Millicom International Cellular SA
6.63%, 10/15/21 (Call 10/15/17)^c		200		207,880

				3,426,491
GHANA — 0.23%
Tullow Oil PLC
6.25%, 04/15/22 (Call 08/30/17)^c		200		185,500

				185,500
GUATEMALA — 0.53%
Comcel Trust via Comunicaciones Celulares SA
6.88%, 02/06/24 (Call 02/06/19)^c		400		419,400

				419,400
HONG KONG — 5.25%
AIA Group Ltd.
3.20%, 03/11/25 (Call 12/11/24)^c		200		198,871
Bank of China Hong Kong Ltd.
5.55%, 02/11/20^c		400		428,329
Bank of East Asia Ltd. (The) VRN, (5 year CMT + 2.700%)
4.00%, 11/03/26 (Call 11/03/21)^c,e		200		200,684
CK Hutchison International 16 Ltd.
2.75%, 10/03/26^c		600		579,282
HKT Capital No. 4 Ltd.
3.00%, 07/14/26^c		200		191,500
Hongkong Electric Finance Ltd.
2.88%, 05/03/26^c		200		193,000
Hutchison Whampoa International 11 Ltd.
4.63%, 01/13/22^c		400		432,500
Li & Fung Ltd.
5.25%, (Call 11/03/21)^c,f		200		185,000
Noble Group Ltd.
6.75%, 01/29/20^c		200		72,000
NWD Finance BVI Ltd.
5.75%, 12/29/49 (Call 10/05/21)^c		200		200,350
NWD MTN Ltd.
5.25%, 02/26/21^c		400		426,719
OVPH Ltd.
5.88%, (Call 03/01/21)^c,f		200		208,100
PCPD Capital Ltd.
4.75%, 03/09/22^c		200		205,077
Swire Pacific MTN Financing Ltd.
4.50%, 10/09/23^c		400		434,794
TVB Finance Ltd.
3.63%, 10/11/21		200		199,716

				4,155,922


			35

Schedule of Investments (Unaudited) (Continued)

iSHARES^® J.P. MORGAN EM CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)		Value
INDIA — 5.14%
ABJA Investment Co. Pte Ltd.
5.95%, 07/31/24^c	$	200	$	212,000
Adani Ports & Special Economic Zone Ltd.
3.50%, 07/29/20^c		200		202,557
Axis Bank Ltd./Dubai
3.25%, 05/21/20^c		200		202,785
Bharat Petroleum Corp. Ltd.
4.00%, 05/08/25^c		200		204,456
Bharti Airtel International Netherlands BV
5.13%, 03/11/23^c		400		422,162
Delhi International Airport Ltd.
6.13%, 10/31/26^c		200		212,500
ICICI Bank Ltd./Dubai
3.13%, 08/12/20^c		200		202,000
3.50%, 03/18/20^c		200		203,570
ICICI Bank Ltd./Hong Kong
5.75%, 11/16/20^c		100		109,034
Indian Oil Corp. Ltd.
5.75%, 08/01/23^c		200		225,529
NTPC Ltd.
4.38%, 11/26/24^c		200		210,317
Oil India Ltd.
5.38%, 04/17/24^c		200		221,141
ONGC Videsh Ltd.
4.63%, 07/15/24^c		200		213,000
Reliance Holdings USA Inc.
5.40%, 02/14/22^c		250		274,786
Reliance Industries Ltd.
4.13%, 01/28/25^c		500		520,520
Vedanta Resources PLC
7.13%, 05/31/23^c		200		211,000
8.25%, 06/07/21^c		200		223,494

				4,070,851
INDONESIA — 0.51%
Indo Energy Finance II BV
6.38%, 01/24/23 (Call 01/24/18)^c		200		190,500
Perusahaan Gas Negara Persero Tbk
5.13%, 05/16/24^c		200		216,250

				406,750
ISRAEL — 4.65%
Altice Financing SA
6.63%, 02/15/23 (Call 02/15/18)^c		400		424,520
7.50%, 05/15/26 (Call 05/15/21)^c		600		667,500
Israel Electric Corp. Ltd.
6.88%, 06/21/23^c		200		234,500
Teva Pharmaceutical Finance Co. BV
2.95%, 12/18/22		200		200,000
Series 2
3.65%, 11/10/21		600		621,750
Teva Pharmaceutical Finance Co. LLC
6.15%, 02/01/36^d		200		238,250
Teva Pharmaceutical Finance Netherlands III BV
2.20%, 07/21/21		300		295,500
2.80%, 07/21/23		400		392,516
3.15%, 10/01/26		400		380,544
4.10%, 10/01/46^d		250		226,897

				3,681,977


Security	Principal (000s)		Value
JAMAICA — 1.43%
Digicel Group Ltd.
7.13%, 04/01/22 (Call 08/30/17)^c,d	$	200	$	177,750
8.25%, 09/30/20 (Call 08/30/17)^c		400		382,000
Digicel Ltd.
6.00%, 04/15/21 (Call 08/30/17)^c		200		194,500
6.75%, 03/01/23 (Call 03/01/18)^c,d		400		381,500

				1,135,750
KAZAKHSTAN — 0.49%
Kazkommertsbank JSC
5.50%, 12/21/22 (Call 08/31/17)^c		200		194,500
Tengizchevroil Finance Co. International Ltd.
4.00%, 08/15/26^c		200		196,300

				390,800
KUWAIT — 2.04%
Burgan Senior SPC Ltd.
3.13%, 09/14/21^c		400		398,000
Equate Petrochemical BV
3.00%, 03/03/22^c		400		399,600
4.25%, 11/03/26^c		200		208,000
Kuwait Projects Co. SPC Ltd.
5.00%, 03/15/23^c		200		213,750
NBK SPC Ltd.
2.75%, 05/30/22^c		400		396,039

				1,615,389
MACAU — 0.77%
Melco Resorts Finance Ltd.
4.88%, 06/06/25 (Call 06/06/20)^c		200		199,867
Wynn Macau Ltd.
5.25%, 10/15/21 (Call 08/30/17)^c		400		408,500

				608,367
MALAYSIA — 1.03%
Axiata SPV2 Bhd
4.36%, 03/24/26^c		200		212,114
Gohl Capital Ltd.
4.25%, 01/24/27^c		200		206,670
Malayan Banking Bhd VRN, (5 year USD Swap + 2.542%)
3.91%, 10/29/26 (Call 10/29/21)^c,e		200		204,823
TNB Global Ventures Capital Bhd
3.24%, 10/19/26^c		200		195,418

				819,025
MEXICO — 5.92%
Alfa SAB de CV
5.25%, 03/25/24 (Call 12/25/23)^c		200		216,750
America Movil SAB de CV
3.13%, 07/16/22		200		206,608
5.00%, 03/30/20		200		215,661
6.13%, 03/30/40		200		245,868
6.38%, 03/01/35		200		247,742


36

Schedule of Investments (Unaudited) (Continued)

iSHARES^® J.P. MORGAN EM CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)		Value
Banco Inbursa SA Institucion de Banca Multiple
4.13%, 06/06/24^c	$	150	$	153,638
Banco Santander Mexico SA
4.13%, 11/09/22^c		150		157,125
BBVA Bancomer SA/Texas
4.38%, 04/10/24^c		150		156,562
6.75%, 09/30/22^c		300		340,500
Cemex SAB de CV
6.13%, 05/05/25 (Call 05/05/20)^c		200		216,500
7.75%, 04/16/26 (Call 04/16/21)^c		200		230,000
Coca-Cola FEMSA SAB de CV
3.88%, 11/26/23		150		159,030
4.63%, 02/15/20		100		106,040
El Puerto de Liverpool SAB de CV
3.88%, 10/06/26^c		200		201,250
Fomento Economico Mexicano SAB de CV
4.38%, 05/10/43		150		151,875
Grupo Bimbo SAB de CV
4.50%, 01/25/22^c		100		106,861
Grupo Televisa SAB
5.00%, 05/13/45 (Call 11/13/44)^d		200		198,908
6.63%, 03/18/25		100		119,305
6.63%, 01/15/40		100		118,282
Mexichem SAB de CV
4.88%, 09/19/22^c		200		214,600
Sigma Alimentos SA de CV
4.13%, 05/02/26 (Call 02/02/26)^c		200		202,750
Southern Copper Corp.
5.25%, 11/08/42		100		102,750
5.88%, 04/23/45		150		166,125
6.75%, 04/16/40^d		100		118,125
7.50%, 07/27/35		100		127,410
Trust F/1401
5.25%, 01/30/26 (Call 10/30/25)^c		200		209,250

				4,689,515
MOROCCO — 0.81%
OCP SA
4.50%, 10/22/25^c		200		201,750
5.63%, 04/25/24^c		200		216,000
6.88%, 04/25/44^c		200		222,500

				640,250
NIGERIA — 0.51%
IHS Netherlands Holdco BV
9.50%, 10/27/21 (Call 10/27/18)^c		200		204,250
Zenith Bank PLC
7.38%, 05/30/22^c		200		197,161

				401,411
PANAMA — 0.53%
Banco Internacional del Peru SAA/Panama
5.75%, 10/07/20^c		200		218,250
Global Bank Corp.
4.50%, 10/20/21^c		200		204,400

				422,650


Security	Principal (000s)		Value
PERU — 2.20%
Banco de Credito del Peru
4.25%, 04/01/23^c	$	600	$	633,750
Banco de Credito del Peru/Panama
5.38%, 09/16/20^c		100		108,875
BBVA Banco Continental SA
5.00%, 08/26/22^c		150		162,936
Lima Metro Line 2 Finance Ltd.
5.88%, 07/05/34^c		200		216,500
Transportadora de Gas del Peru SA
4.25%, 04/30/28^c		400		413,000
VM Holding SA
5.38%, 05/04/27 (Call 02/04/27)^c		200		206,825

				1,741,886
PHILIPPINES — 0.52%
JGSH Philippines Ltd.
4.38%, 01/23/23^c		400		412,698

				412,698
QATAR — 3.19%
ABQ Finance Ltd.
3.50%, 02/22/22^c		200		197,750
CBQ Finance Ltd.
3.25%, 06/13/21^c		200		198,000
7.50%, 11/18/19^c		100		107,500
Nakilat Inc.
6.07%, 12/31/33^c		200		231,500
Ooredoo International Finance Ltd.
3.25%, 02/21/23^c		200		199,500
3.88%, 01/31/28^c		200		201,000
5.00%, 10/19/25^c		400		435,500
QNB Finance Ltd.
2.13%, 09/07/21^c		200		192,250
2.88%, 04/29/20^c		200		199,500
Ras Laffan Liquefied Natural Gas Co. Ltd. III
5.84%, 09/30/27^c		250		280,000
6.33%, 09/30/27^c		250		286,250

				2,528,750
RUSSIA — 6.02%
Alfa Bank AO Via Alfa Bond Issuance PLC
7.75%, 04/28/21^c		200		226,500
ALROSA Finance SA
7.75%, 11/03/20^c		200		226,000
Credit Bank of Moscow Via CBOM Finance PLC VRN, (5 year USD Swap + 5.416%)
7.50%, 10/05/27 (Call 10/05/22)^c,e		200		197,250
Evraz Group SA
8.25%, 01/28/21^c		200		223,000
Gazprom Neft OAO Via GPN Capital SA
6.00%, 11/27/23^c		200		218,000
Gazprom OAO Via Gaz Capital SA
4.95%, 07/19/22^c		200		208,500
4.95%, 02/06/28^c		200		199,750
6.51%, 03/07/22^c		100		110,375
7.29%, 08/16/37^c		100		119,275
8.63%, 04/28/34^c		50		66,750


			37

Schedule of Investments (Unaudited) (Continued)

iSHARES^® J.P. MORGAN EM CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)		Value
Gazprombank OJSC Via GPB Eurobond Finance PLC
4.96%, 09/05/19^c	$	200	$	206,000
Lukoil International Finance BV
4.56%, 04/24/23^c		200		205,500
6.66%, 06/07/22^c		120		134,700
7.25%, 11/05/19^c		100		109,625
MMC Norilsk Nickel OJSC via MMC Finance DAC
5.55%, 10/28/20^c		200		212,500
Novolipetsk Steel via Steel Funding DAC
4.50%, 06/15/23^c		200		204,500
Polyus Finance PLC
5.25%, 02/07/23^c		200		205,000
Rosneft Finance SA
7.25%, 02/02/20^c		100		109,125
Rusal Capital DAC
5.30%, 05/03/23^c		200		201,898
Sberbank of Russia Via SB Capital SA
5.13%, 10/29/22^c		200		206,500
6.13%, 02/07/22^c		200		217,750
VRN, (5 year CMT + 4.023%)
5.50%, 02/26/24 (Call 02/26/19)^c,e		200		203,250
Severstal OAO Via Steel Capital SA
5.90%, 10/17/22^c		200		217,750
VimpelCom Holdings BV
5.95%, 02/13/23^c		200		214,750
VTB Bank OJSC Via VTB Capital SA
6.55%, 10/13/20^c		100		109,125
6.95%, 10/17/22^c		200		216,250

				4,769,623
SAUDI ARABIA — 1.86%
Acwa Power Management And Investments One Ltd.
5.95%, 12/15/39^c		200		203,666
Saudi Electricity Global Sukuk Co. 3
4.00%, 04/08/24^c		800		839,200
5.50%, 04/08/44^c		400		430,000

				1,472,866
SINGAPORE — 3.48%
DBS Group Holdings Ltd. VRN, (5 year USD Swap + 2.390%)
3.60%, (Call 09/07/21)^c,e,f		600		599,934
Flex Ltd.
4.75%, 06/15/25 (Call 03/15/25)^d		400		431,306
Global Logistic Properties Ltd.
3.88%, 06/04/25^c		200		191,975
Oversea-Chinese Banking Corp. Ltd.
4.25%, 06/19/24^c		400		418,257
SingTel Group Treasury Pte Ltd.
3.25%, 06/30/25^c		500		508,125
United Overseas Bank Ltd. VRN, (5 year USD Swap + 2.236%)
3.50%, 09/16/26 (Call 09/16/21)^c,e		600		611,289

				2,760,886
SOUTH AFRICA — 3.01%
AngloGold Ashanti Holdings PLC
5.13%, 08/01/22		100		104,000
5.38%, 04/15/20		400		421,000


Security	Principal (000s)		Value
Liquid Telecommunications Financing PLC
8.50%, 07/13/22 (Call 07/13/20)^h	$	200	$	203,606
MTN Mauritius Investment Ltd.
4.76%, 11/11/24^c		200		192,500
5.37%, 02/13/22^c		400		409,000
Myriad International Holdings BV
5.50%, 07/21/25 (Call 04/21/25)^c		400		434,500
6.00%, 07/18/20^c		200		216,500
Sasol Financing International Ltd.
4.50%, 11/14/22^d		200		205,000
Stillwater Mining Co.
7.13%, 06/27/25 (Call 06/27/21)^h		200		196,266

				2,382,372
SOUTH KOREA — 3.99%
Hyundai Capital America
3.00%, 10/30/20^c		300		303,480
Hyundai Capital Services Inc.
3.00%, 03/06/22^c		400		400,000
Korea Gas Corp.
3.50%, 07/21/25^c		200		205,792
3.50%, 07/02/26^c		400		410,500
4.25%, 11/02/20^c		100		105,201
Korea Hydro & Nuclear Power Co. Ltd.
3.00%, 09/19/22^c		200		202,079
POSCO
4.25%, 10/28/20^c		100		105,025
Shinhan Bank Co. Ltd.
2.25%, 04/15/20^c		200		197,775
Shinhan Bank Co. Ltd.
2.88%, 03/28/22^c		400		401,500
Woori Bank
2.63%, 07/20/21^c		200		199,500
4.75%, 04/30/24^c		400		419,551
VRN, (5 year CMT + 3.328%)
5.00%, 06/10/45 (Call 06/10/20)^c,e		200		207,100

				3,157,503
TAIWAN — 0.25%
Formosa Group Cayman Ltd.
3.38%, 04/22/25^c		200		198,250

				198,250
THAILAND — 1.97%
Bangkok Bank PCL/Hong Kong
4.80%, 10/18/20^c		100		106,984
5.00%, 10/03/23^c		200		221,994
PTT Exploration & Production PCL VRN, (5 year CMT + 3.177%)
4.88%, (Call 06/18/19)^c,e,f		400		406,500
PTT Global Chemical PCL
4.25%, 09/19/22^c		200		212,473
PTT PCL
3.38%, 10/25/22^c		200		204,761
4.50%, 10/25/42^c		200		201,586
Thai Oil PCL
3.63%, 01/23/23^c		200		206,564

				1,560,862


38

Schedule of Investments (Unaudited) (Continued)

iSHARES^® J.P. MORGAN EM CORPORATE BOND ETF

July 31, 2017


Security	Principal (000s)		Value
TURKEY — 4.44%
Akbank TAS
5.00%, 10/24/22^c	$	150	$	151,275
5.13%, 03/31/25^c		200		197,000
KOC Holding AS
3.50%, 04/24/20^c		200		201,750
Turk Telekomunikasyon AS
4.88%, 06/19/24^c		200		201,750
Turkiye Garanti Bankasi AS
5.88%, 03/16/23^c		400		416,500
6.25%, 04/20/21^c		200		212,750
Turkiye Halk Bankasi AS
4.75%, 02/11/21^c		200		198,180
Turkiye Is Bankasi
5.00%, 04/30/20^c		200		202,750
5.00%, 06/25/21^c		200		201,750
5.38%, 10/06/21^c		200		202,750
5.50%, 04/21/22^c		400		405,500
Turkiye Vakiflar Bankasi TAO VRN, (5 year USD Swap + 5.439%)
6.88%, 02/03/25 (Call 02/03/20)^c,e		200		204,000
Yapi ve Kredi Bankasi AS
4.00%, 01/22/20^c		200		199,750
5.50%, 12/06/22^c		200		197,750
VRN, (5 year USD Swap + 7.400%)
8.50%, 03/09/26 (Call 03/09/21)^c,e		300		321,750

				3,515,205
UKRAINE — 0.83%
DTEK Finance PLC
10.75%, 12/31/24 (Call 08/31/17)		253		235,551
MHP SA
8.25%, 04/02/20^c		400		426,000

				661,551
UNITED ARAB EMIRATES — 5.12%
Abu Dhabi National Energy Co. PJSC
3.63%, 06/22/21^c		200		203,750
3.63%, 01/12/23^c		200		201,250
4.38%, 06/22/26^c		200		206,750
6.50%, 10/27/36^c		100		125,750
ADCB Finance Cayman Ltd.
4.50%, 03/06/23^c		200		207,000
BOS Funding Ltd.
4.23%, 03/07/22^c		400		408,765
DIB Sukuk Ltd.
3.66%, 02/14/22^c		400		405,500
Dolphin Energy Ltd.
5.50%, 12/15/21^c		200		218,400
DP World Crescent Ltd.
3.91%, 05/31/23^c		400		410,000
DP World Ltd.
6.85%, 07/02/37^c		200		242,250
Emirates NBD PJSC
3.25%, 11/19/19^c		200		202,500
Emirates NBD Tier 1 Ltd. VRN, (6 year USD Swap + 4.513%)
5.75%, (Call 05/30/19)^c,e,f		400		409,000


Security	Principal or Shares (000s)		Value
First Abu Dhabi Bank PJSC
2.25%, 02/11/20^c	$	200	$	198,500
3.00%, 03/30/22^c		400		401,539
MAF Global Securities Ltd.
4.75%, 05/07/24^c		200		211,500

				4,052,454
ZAMBIA — 1.31%
First Quantum Minerals Ltd.
7.00%, 02/15/21 (Call 02/15/18)^c		400		415,250
7.25%, 04/01/23 (Call 10/01/19)^c		600		618,780

				1,034,030
TOTAL CORPORATE BONDS & NOTES
(Cost: $74,606,784)				75,780,067
FOREIGN GOVERNMENT OBLIGATIONS^b — 0.51%
SUPRANATIONAL — 0.51%
African Export-Import Bank
4.00%, 05/24/21^c		400		405,000

				405,000
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $409,054)				405,000

SHORT-TERM INVESTMENTS — 7.80%

MONEY MARKET FUNDS — 7.80%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.32%^i,j,k		3,637		3,637,692
BlackRock Cash Funds: Treasury, SL Agency Shares
0.98%^i,j		2,545		2,545,233

				6,182,925

TOTAL SHORT-TERM INVESTMENTS
(Cost: $6,182,610)				6,182,925

TOTAL INVESTMENTS IN SECURITIES — 103.97%
(Cost: $81,198,448)^l				82,367,992
Other Assets, Less Liabilities — (3.97)%				(3,146,303	)

NET ASSETS — 100.00%			$	79,221,689


CMT		— Constant Maturity Treasury
FRN		— Floating Rate Note
VRN		— Variable Rate Note


			39

Schedule of Investments (Unaudited) (Continued)

iSHARES^® J.P. MORGAN EM CORPORATE BOND ETF

July 31, 2017

^a	Formerly the iShares Emerging Markets Corporate Bond ETF.

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

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

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

^e	Variable rate security. Security may be issued at a fixed coupon rate, which converts to a variable rate at a specified date. Rate shown is the rate in effect as of period end.

^f	Security is perpetual in nature with no stated maturity date.

^g	Floating rate security. Rate shown is the rate in effect as of period end.

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

ⁱ	Affiliated money market fund.

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

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

^l	The cost of investments for federal income tax purposes was $81,220,296. Net unrealized appreciation was $1,147,696, of which $1,448,739 represented gross unrealized appreciation on securities and $301,043 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements


	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Corporate bonds & notes	$	—	$	75,780,067	$	—	$	75,780,067
Foreign government obligations		—		405,000		—		405,000
Money market funds		6,182,925		—		—		6,182,925

Total	$	6,182,925	$	76,185,067	$	—	$	82,367,992


40

Schedule of Investments (Unaudited)

iSHARES^® J.P. MORGAN EM LOCAL CURRENCY BOND ETF^a

July 31, 2017


Security	Principal (000s)			Value
FOREIGN GOVERNMENT OBLIGATIONS—96.24%

ARGENTINA — 4.23%
Argentine Bonos del Tesoro
15.50%, 10/17/26		ARS	76,600	$	4,833,879
16.00%, 10/17/23		ARS	39,100		2,243,717
18.20%, 10/03/21		ARS	79,100		4,625,610

					11,703,206
BRAZIL — 14.87%
Brazil Letras do Tesouro Nacional
0.00%, 01/01/19		BRL	17,257		4,947,745
0.00%, 04/01/19		BRL	17,600		4,941,139
0.00%, 07/01/19		BRL	20,000		5,489,282
0.00%, 01/01/20		BRL	5,979		1,563,795
0.00%, 07/01/20		BRL	7,850		1,953,297
Brazil Notas do Tesouro Nacional
Series F
10.00%, 01/01/18		BRL	389		125,328
10.00%, 01/01/19		BRL	8,997		2,950,567
10.00%, 01/01/21		BRL	11,148		3,652,763
10.00%, 01/01/23		BRL	19,032		6,174,281
10.00%, 01/01/25		BRL	14,215		4,583,379
10.00%, 01/01/27		BRL	10,923		3,505,983
Brazilian Government International Bond
8.50%, 01/05/24		BRL	500		160,400
10.25%, 01/10/28		BRL	1,420		490,752
12.50%, 01/05/22		BRL	1,633		594,412

					41,133,123
CHILE — 4.34%
Bonos de la Tesoreria de la Republica en pesos
4.50%, 02/28/21		CLP	970,000		1,544,708
4.50%, 03/01/21		CLP	1,245,000		1,978,411
4.50%, 03/01/26		CLP	3,365,000		5,250,056
5.00%, 03/01/35		CLP	1,920,000		3,042,909
Chile Government International Bond
5.50%, 08/05/20		CLP	123,000		201,343

					12,017,427
COLOMBIA — 4.28%
Colombia Government International Bond
7.75%, 04/14/21		COP	496,000		175,842
9.85%, 06/28/27		COP	2,058,000		863,422
Colombian TES
5.00%, 11/21/18		COP	1,300,000		432,053
6.00%, 04/28/28		COP	1,975,000		612,233
7.00%, 09/11/19		COP	2,508,000		858,102
7.00%, 05/04/22		COP	6,683,400		2,288,102
7.00%, 06/30/32		COP	500,000		162,463
7.50%, 08/26/26		COP	6,080,800		2,114,218
7.75%, 09/18/30		COP	2,580,000		908,607
10.00%, 07/24/24		COP	6,192,300		2,459,524
11.00%, 07/24/20		COP	2,525,300		954,855

					11,829,421


Security	Principal (000s)			Value
CZECH REPUBLIC — 4.47%
Czech Republic Government Bond
0.95%, 05/15/30^b		CZK	8,900	$	395,505
1.50%, 10/29/19^b		CZK	56,330		2,650,486
2.50%, 08/25/28^b		CZK	25,700		1,343,412
3.75%, 09/12/20^b		CZK	10,840		548,665
3.85%, 09/29/21^b		CZK	3,810		199,520
4.20%, 12/04/36^b		CZK	12,870		851,584
4.70%, 09/12/22^b		CZK	44,030		2,463,506
5.70%, 05/25/24^b		CZK	62,810		3,899,708

					12,352,386
HUNGARY — 4.47%
Hungary Government Bond
2.50%, 10/27/21		HUF	353,000		1,425,011
3.00%, 06/26/24		HUF	504,000		2,017,479
3.50%, 06/24/20		HUF	136,570		570,592
5.50%, 06/24/25		HUF	483,650		2,231,918
6.00%, 11/24/23		HUF	58,850		277,462
6.50%, 06/24/19		HUF	407,500		1,765,047
7.00%, 06/24/22		HUF	406,160		1,954,742
7.50%, 11/12/20		HUF	454,400		2,125,786

					12,368,037
INDONESIA — 6.56%
Indonesia Treasury Bond
5.63%, 05/15/23		IDR	11,740,000		823,928
6.13%, 05/15/28		IDR	44,000,000		3,021,615
6.63%, 05/15/33		IDR	2,000,000		136,817
7.00%, 05/15/22		IDR	14,846,000		1,120,626
7.88%, 04/15/19		IDR	18,697,000		1,429,919
8.25%, 06/15/32		IDR	14,658,000		1,168,878
8.38%, 03/15/24		IDR	14,719,000		1,181,978
8.38%, 09/15/26		IDR	24,622,000		1,993,007
8.38%, 03/15/34		IDR	15,674,000		1,261,525
8.75%, 05/15/31		IDR	24,600,000		2,054,000
9.00%, 03/15/29		IDR	4,000,000		338,862
9.50%, 07/15/31		IDR	13,698,000		1,197,701
10.00%, 09/15/24		IDR	3,560,000		310,415
10.00%, 02/15/28		IDR	9,815,000		886,998
11.00%, 11/15/20		IDR	1,748,000		147,027
11.00%, 09/15/25		IDR	10,435,000		966,220
Perusahaan Penerbit SBSN Indonesia
7.75%, 01/25/18		IDR	1,590,000		120,426

					18,159,942
MALAYSIA — 4.24%
Malaysia Government Bond
3.48%, 03/15/23		MYR	859		196,141
3.49%, 03/31/20		MYR	17,037		3,969,289
3.58%, 09/28/18		MYR	2,760		646,788
4.05%, 09/30/21		MYR	11,302		2,666,276
4.50%, 04/15/30		MYR	1,840		434,647
4.94%, 09/30/43		MYR	3,095		732,570
Malaysia Government Investment Issue
4.07%, 09/30/26		MYR	13,346		3,076,288

					11,721,999


			41

Schedule of Investments (Unaudited) (Continued)

iSHARES^® J.P. MORGAN EM LOCAL CURRENCY BOND ETF

July 31, 2017


Security	Principal (000s)			Value
MEXICO — 10.73%
Mexican Bonos
5.00%, 12/11/19		MXN	4,900	$	264,025
5.75%, 03/05/26		MXN	17,862		928,161
6.50%, 06/10/21		MXN	97,620		5,418,205
6.50%, 06/09/22		MXN	16,787		929,334
7.50%, 06/03/27		MXN	91,960		5,373,199
7.75%, 05/29/31		MXN	19,399		1,153,770
7.75%, 11/13/42		MXN	39,653		2,356,291
8.00%, 06/11/20		MXN	18,742		1,083,324
8.00%, 12/07/23		MXN	9,446		561,489
8.00%, 11/07/47		MXN	5,749		351,638
8.50%, 12/13/18		MXN	94,506		5,393,885
8.50%, 11/18/38		MXN	20,225		1,293,837
10.00%, 12/05/24		MXN	25,386		1,680,051
10.00%, 11/20/36		MXN	39,855		2,891,898

					29,679,107
PERU — 4.31%
Peru Government Bond
5.70%, 08/12/24		PEN	1,545		496,055
6.35%, 08/12/28		PEN	4,200		1,379,126
6.90%, 08/12/37		PEN	3,731		1,282,633
6.95%, 08/12/31		PEN	12,900		4,433,630
8.20%, 08/12/26		PEN	11,737		4,344,345

					11,935,789
PHILIPPINES — 4.47%
Philippine Government International Bond
3.90%, 11/26/22		PHP	146,000		2,847,087
4.95%, 01/15/21		PHP	201,000		4,082,937
6.25%, 01/14/36		PHP	245,000		5,450,109

					12,380,133
POLAND — 6.81%
Republic of Poland Government Bond
1.50%, 04/25/20		PLN	10,900		2,975,832
1.75%, 07/25/21		PLN	6,400		1,725,116
2.50%, 07/25/26		PLN	3,300		859,895
2.50%, 07/25/27		PLN	7,300		1,876,813
3.25%, 07/25/19		PLN	4,877		1,387,141
3.25%, 07/25/25		PLN	5,617		1,564,551
3.75%, 04/25/18		PLN	2,235		629,195
4.00%, 10/25/23		PLN	6,866		2,019,050
5.25%, 10/25/20		PLN	3,121		946,480
5.50%, 10/25/19		PLN	3,477		1,038,404
5.75%, 10/25/21		PLN	5,900		1,846,203
5.75%, 09/23/22		PLN	6,178		1,957,238

					18,825,918
ROMANIA — 4.21%
Romania Government Bond
3.25%, 03/22/21		RON	3,600		962,171
3.50%, 12/19/22		RON	19,645		5,237,497


Security	Principal (000s)			Value
4.75%, 06/24/19		RON	2,155	$	593,340
5.60%, 11/28/18		RON	10,510		2,886,989
5.80%, 07/26/27		RON	3,750		1,121,457
5.85%, 04/26/23		RON	2,840		843,507

					11,644,961
RUSSIA — 4.15%
Russian Federal Bond — OFZ
6.70%, 05/15/19		RUB	45,757		744,996
6.80%, 12/11/19		RUB	43,838		711,908
7.00%, 01/25/23		RUB	182,766		2,916,965
7.05%, 01/19/28		RUB	60,500		956,868
7.50%, 02/27/19		RUB	34,578		571,226
7.60%, 04/14/21		RUB	90,310		1,486,031
7.70%, 03/23/33		RUB	24,000		392,722
8.15%, 02/03/27		RUB	155,934		2,673,632
8.50%, 09/17/31		RUB	58,000		1,024,061

					11,478,409
SOUTH AFRICA — 5.45%
Republic of South Africa Government Bond
6.25%, 03/31/36		ZAR	17,469		942,128
6.50%, 02/28/41		ZAR	685		36,311
6.75%, 03/31/21		ZAR	1,000		73,909
7.25%, 01/15/20		ZAR	3,528		266,586
8.00%, 12/21/18		ZAR	3,471		266,002
8.00%, 01/31/30		ZAR	73,507		5,090,750
8.50%, 01/31/37		ZAR	26,080		1,767,715
8.75%, 01/31/44		ZAR	20,000		1,353,492
8.75%, 02/28/48		ZAR	7,332		496,016
8.88%, 02/28/35		ZAR	35,000		2,483,644
10.50%, 12/21/26		ZAR	27,150		2,303,084

					15,079,637
THAILAND — 4.48%
Thailand Government Bond
2.55%, 06/26/20		THB	74,600		2,303,404
3.40%, 06/17/36		THB	13,000		409,342
3.58%, 12/17/27		THB	8,886		290,662
3.63%, 06/16/23		THB	58,228		1,899,599
3.65%, 12/17/21		THB	50,690		1,642,737
3.78%, 06/25/32		THB	13,638		449,014
3.85%, 12/12/25		THB	52,949		1,756,513
3.88%, 06/13/19		THB	46,650		1,462,432
4.26%, 12/12/37^b		THB	970		33,310
4.88%, 06/22/29		THB	58,300		2,140,675

					12,387,688
TURKEY — 4.17%
Turkey Government Bond
8.00%, 03/12/25		TRY	2,652		661,459
8.50%, 07/10/19		TRY	7,408		2,006,182
8.50%, 09/14/22		TRY	8,060		2,111,262
8.80%, 09/27/23		TRY	3,553		935,074
9.00%, 07/24/24		TRY	4,679		1,240,244
9.50%, 01/12/22		TRY	7,110		1,941,118
10.50%, 01/15/20		TRY	4,503		1,266,435
10.60%, 02/11/26		TRY	3,000		863,522
11.00%, 02/24/27		TRY	1,700		501,235

					11,526,531
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $264,584,538)					266,223,714


42

Schedule of Investments (Unaudited) (Continued)

iSHARES^® J.P. MORGAN EM LOCAL CURRENCY BOND ETF

July 31, 2017


Security	Shares (000s)		Value
SHORT-TERM INVESTMENTS — 0.03%

MONEY MARKET FUNDS — 0.03%
BlackRock Cash Funds: Treasury, SL Agency Shares
0.98%^c,d		88	$	87,808

				87,808

TOTAL SHORT-TERM INVESTMENTS
(Cost: $87,808)				87,808

TOTAL INVESTMENTS IN SECURITIES — 96.27% (Cost: $264,672,346)^e				266,311,522
Other Assets, Less Liabilities — 3.73%				10,308,896

NET ASSETS — 100.00%			$	276,620,418

Currency abbreviations:

ARS — Argentina Peso

BRL — Brazilian Real

CLP — Chilean Peso

COP — Colombian Peso

CZK — Czech Koruna

HUF — Hungarian Forint

IDR — Indonesian Rupiah

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	Formerly the iShares Emerging Markets Local Currency Bond ETF.

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

^c	Affiliated money market fund.

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

^e	The cost of investments for federal income tax purposes was $271,471,330. Net unrealized depreciation was $5,159,808, of which $12,252,412 represented gross unrealized appreciation on securities and $17,412,220 represented gross unrealized depreciation on securities.

Schedule 1 — Fair Value Measurements


	Level 1		Level 2		Level 3		Total
Investments:
Assets:
Foreign government obligations	$	—	$	266,223,714	$	—	$	266,223,714
Money market funds		87,808		—		—		87,808

Total	$	87,808	$	266,223,714	$	—	$	266,311,522


			43

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: September 29, 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:		September 29, 2017

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

Date:		September 29, 2017