Form 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, 2018

Date of reporting period: January 31, 2018

Item 1.

Schedules of Investments.

Schedule of Investments (Unaudited)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2018


Security	Principal (000s)		Value
CORPORATE BONDS & NOTES^a — 42.26%

ARGENTINA — 1.08%
Pampa Energia SA
7.50%, 01/24/27 (Call 01/24/22)^b	$	800	$	869,000
YPF SA
6.95%, 07/21/27^b		1,000		1,031,990
7.00%, 12/15/47 (Call 06/15/47)^b		300		285,120
8.50%, 03/23/21^b		1,000		1,106,250
8.50%, 07/28/25^b		1,485		1,684,064
8.75%, 04/04/24^b		1,316		1,492,015

				6,468,439
AZERBAIJAN — 0.61%
Southern Gas Corridor CJSC
6.88%, 03/24/26^b		1,986		2,270,991
State Oil Co. of the Azerbaijan Republic
4.75%, 03/13/23^b		1,350		1,380,375

				3,651,366
BAHRAIN — 0.17%
Oil and Gas Holding Co. BSCC (The)
7.50%, 10/25/27^b		1,000		1,029,418

				1,029,418
BRAZIL — 17.32%
Banco Bradesco SA/Cayman Islands
5.75%, 03/01/22^b		1,200		1,266,840
5.90%, 01/16/21^b		1,790		1,871,176
6.75%, 09/29/19^b		200		210,500
Banco BTG Pactual SA/Cayman Islands
4.00%, 01/16/20^b		608		601,160
Banco do Brasil SA/Cayman Islands
3.88%, 10/10/22		2,400		2,361,480
4.63%, 01/15/25^b		800		790,845
5.38%, 01/15/21^b		568		581,632
5.88%, 01/26/22^b		1,700		1,767,235
5.88%, 01/19/23^b		600		624,750
6.00%, 01/22/20^b		400		420,000
Banco Votorantim SA
7.38%, 01/21/20^b		892		946,635
Braskem Finance Ltd.
5.38%, 05/02/22^b		200		212,000
5.75%, 04/15/21^b		1,600		1,706,000
6.45%, 02/03/24		600		678,780
BRF SA
3.95%, 05/22/23^b		400		394,500
4.75%, 05/22/24^b		600		615,000
Caixa Economica Federal
3.50%, 11/07/22^b		450		439,500
4.25%, 05/13/19^b		1,120		1,132,437
(5 year CMT + 5.551%)
7.25%, 07/23/24 (Call 07/23/19)^b,c		800		832,185


Security	Principal (000s)		Value
Centrais Eletricas Brasileiras SA
5.75%, 10/27/21^b	$	2,000	$	2,062,500
6.88%, 07/30/19^b		750		780,937
CSN Resources SA
6.50%, 07/21/20^b		1,192		1,148,790
Embraer Netherlands Finance BV
5.05%, 06/15/25		993		1,030,982
Embraer Overseas Ltd.
5.70%, 09/16/23^b		550		593,313
Fibria Overseas Finance Ltd.
5.25%, 05/12/24		200		214,000
Gerdau Trade Inc.
4.75%, 04/15/23^b		800		819,000
GTL Trade Finance Inc./Gerdau Holdings Inc.
5.89%, 04/29/24 (Call 01/29/24)^b		1,000		1,073,250
Itau Unibanco Holding SA/Cayman Islands
5.13%, 05/13/23^b		820		843,370
5.50%, 08/06/22^b		1,760		1,819,400
5.65%, 03/19/22^b		2,000		2,086,420
5.75%, 01/22/21^b		1,633		1,706,485
6.20%, 04/15/20^b		700		736,313
6.20%, 12/21/21^b		800		853,160
JBS Investments GmbH
7.25%, 04/03/24 (Call 04/03/19)^b		600		601,500
7.75%, 10/28/20 (Call 03/02/18)^b		1,167		1,197,634
JBS USA LUX SA/JBS USA Finance Inc.
5.75%, 06/15/25 (Call 06/15/20)^b		850		838,525
5.88%, 07/15/24 (Call 07/15/19)^b		725		721,738
7.25%, 06/01/21 (Call 03/02/18)^b		1,500		1,530,000
8.25%, 02/01/20 (Call 03/02/18)^b		300		300,450
Klabin Finance SA
4.88%, 09/19/27^b		200		197,661
5.25%, 07/16/24^b		900		933,525
Marfrig Holdings Europe BV
8.00%, 06/08/23 (Call 06/08/19)^b		800		836,800
Minerva Luxembourg SA
6.50%, 09/20/26 (Call 09/20/21)^b		1,173		1,179,979
Odebrecht Finance Ltd.
4.38%, 04/25/25^b		500		162,500
5.25%, 06/27/29^b		600		195,396
7.13%, 06/26/42 (Call 12/26/41)^b		820		315,700
Petrobras Global Finance BV
4.38%, 05/20/23		3,606		3,580,758
5.30%, 01/27/25^b		2,000		2,014,356
5.38%, 01/27/21		3,194		3,325,752
5.63%, 05/20/43		1,800		1,620,450
5.75%, 01/20/20		850		886,125
6.00%, 01/27/28^b		5,996		6,049,272
6.13%, 01/17/22		3,700		3,944,200
6.25%, 03/17/24		1,961		2,088,661
6.75%, 01/27/41		2,350		2,394,062
6.85%, 06/05/15		2,483		2,448,859
6.88%, 01/20/40		1,490		1,527,250
7.25%, 03/17/44		1,986		2,090,265
7.38%, 01/17/27		4,101		4,537,756
8.38%, 05/23/21		2,800		3,196,200
8.75%, 05/23/26		2,979		3,574,502


			1

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2018


Security	Principal (000s)		Value
Rio Oil Finance Trust
Series 2014-1
9.25%, 07/06/24^b	$	1,219	$	1,316,949
Suzano Austria GmbH
5.75%, 07/14/26^b		600		652,500
7.00%, 03/16/47 (Call 09/16/46)^b		600		699,325
Vale Overseas Ltd.
4.38%, 01/11/22		2,016		2,084,554
5.88%, 06/10/21		1,241		1,348,967
6.25%, 08/10/26		2,200		2,543,288
6.88%, 11/21/36		2,683		3,370,519
6.88%, 11/10/39		1,738		2,195,876
8.25%, 01/17/34		550		740,438
Vale SA
5.63%, 09/11/42		1,700		1,915,228
Votorantim Cimentos SA
7.25%, 04/05/41^b		1,050		1,155,646

				103,533,741
CHILE — 0.21%
VTR Finance BV
6.88%, 01/15/24 (Call 01/15/19)^b		1,200		1,260,000

				1,260,000
CHINA — 3.31%
Agile Group Holdings Ltd.
9.00%, 05/21/20 (Call 05/21/18)^b		400		423,000
China Evergrande Group
6.25%, 06/28/21^b		500		496,966
7.50%, 06/28/23 (Call 06/28/20)^b		1,800		1,818,857
8.25%, 03/23/22 (Call 03/23/20)^b		1,353		1,420,387
8.75%, 06/28/25 (Call 06/28/21)^b		4,566		4,716,339
9.50%, 03/29/24 (Call 03/29/21)^b		600		641,918
Country Garden Holdings Co. Ltd.
4.75%, 07/25/22 (Call 07/25/20)^b		400		400,500
4.75%, 09/28/23 (Call 09/28/20)^b		900		893,250
7.25%, 04/04/21 (Call 03/02/18)^b		700		725,375
7.50%, 03/09/20 (Call 03/09/18)^b		1,200		1,248,000
7.50%, 01/10/23 (Call 02/20/18)^b		750		779,063
Easy Tactic Ltd.
5.75%, 01/13/22 (Call 01/13/20)^b		600		594,750
5.88%, 02/13/23 (Call 11/17/20)^b		400		396,252
Fantasia Holdings Group Co. Ltd.
7.38%, 10/04/21 (Call 10/04/19)^b		600		595,965
Fortune Star BVI Ltd.
5.25%, 03/23/22 (Call 03/23/20)^b		1,200		1,188,744
Greenland Global Investment Ltd.
5.88%, 07/03/24^b		800		795,000
KWG Property Holding Ltd.
6.00%, 09/15/22 (Call 03/15/20)^b		400		398,661
Shimao Property Holdings Ltd.
4.75%, 07/03/22 (Call 07/03/20)^b		600		599,356
8.38%, 02/10/22 (Call 02/10/19)^b		956		1,030,551
Sunac China Holdings Ltd.
7.95%, 08/08/22 (Call 08/08/20)^b		600		616,063

				19,778,997


Security	Principal (000s)		Value
COLOMBIA — 1.19%
Banco de Bogota SA
5.38%, 02/19/23^b	$	400	$	422,000
6.25%, 05/12/26^b		1,878		2,035,282
Bancolombia SA
5.13%, 09/11/22		1,463		1,533,956
(5 year CMT + 2.929%)
4.88%, 10/18/27 (Call 10/18/22)^c		400		397,633
Colombia Telecomunicaciones SA ESP
5.38%, 09/27/22 (Call 03/02/18)^b		745		757,106
Grupo Aval Ltd.
4.75%, 09/26/22^b		1,000		1,020,000
Millicom International Cellular SA
6.00%, 03/15/25 (Call 03/15/20)^b		900		957,600

				7,123,577
COSTA RICA — 0.08%
Banco Nacional de Costa Rica
5.88%, 04/25/21^b		435		448,406

				448,406
GHANA — 0.03%
Tullow Oil PLC
6.00%, 11/01/20 (Call 02/12/18)^b		200		202,500

				202,500
INDIA — 1.18%
ABJA Investment Co. Pte Ltd.
4.85%, 01/31/20^b		600		610,157
5.95%, 07/31/24^b		925		972,785
Bank of India/London
6.25%, 02/16/21^b		650		695,500
Greenko Dutch BV
5.25%, 07/24/24 (Call 07/24/20)^b		600		599,764
JSW Steel Ltd.
5.25%, 04/13/22^b		960		979,171
Vedanta Resources PLC
6.38%, 07/30/22^b		1,000		1,040,000
7.13%, 05/31/23^b		1,310		1,396,788
8.25%, 06/07/21^b		700		771,722

				7,065,887
INDONESIA — 0.81%
Majapahit Holding BV
7.75%, 01/20/20^b		1,400		1,519,000
7.88%, 06/29/37^b		300		401,861
8.00%, 08/07/19^b		900		967,580
Perusahaan Listrik Negara PT
5.25%, 10/24/42^b		1,300		1,332,500
5.50%, 11/22/21^b		600		644,250

				4,865,191


2

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2018


Security	Principal (000s)		Value
ISRAEL — 1.73%
Teva Pharmaceutical Finance Co. BV
2.95%, 12/18/22	$	1,250	$	1,135,006
Teva Pharmaceutical Finance Netherlands III BV
2.20%, 07/21/21		3,601		3,355,412
2.80%, 07/21/23		1,275		1,126,399
3.15%, 10/01/26		3,850		3,205,125
4.10%, 10/01/46		2,000		1,511,660

				10,333,602
JAMAICA — 0.86%
Digicel Group Ltd.
7.13%, 04/01/22 (Call 03/02/18)^b		1,150		1,082,783
8.25%, 09/30/20 (Call 03/02/18)^b		1,400		1,387,750
Digicel Ltd.
6.00%, 04/15/21 (Call 03/02/18)^b		1,450		1,440,937
6.75%, 03/01/23 (Call 03/01/18)^b		1,200		1,194,000

				5,105,470
KAZAKHSTAN — 1.52%
Development Bank of Kazakhstan JSC
4.13%, 12/10/22^b		1,050		1,067,325
Kazakhstan Temir Zholy Finance BV
6.95%, 07/10/42^b		1,200		1,427,640
Kazkommertsbank JSC
5.50%, 12/21/22 (Call 03/02/18)^b		800		797,000
KazMunayGas National Co. JSC
3.88%, 04/19/22^b		400		403,692
4.75%, 04/19/27^b		1,200		1,251,555
5.75%, 04/30/43^b		200		216,418
5.75%, 04/19/47^b		1,377		1,474,364
6.38%, 04/09/21^b		1,123		1,216,377
7.00%, 05/05/20^b		1,162		1,248,685

				9,103,056
MEXICO — 1.07%
Banco Mercantil del Norte SA/Grand Cayman (5 year CMT + 4.447%)
5.75%, 10/04/31 (Call 10/04/26)^b,c		400		406,000
BBVA Bancomer SA/Texas
7.25%, 04/22/20^b		1,500		1,608,750
Cemex Finance LLC
6.00%, 04/01/24 (Call 04/01/19)^b		1,050		1,105,650
Cemex SAB de CV
5.70%, 01/11/25 (Call 01/11/20)^b		1,000		1,050,925
6.13%, 05/05/25 (Call 05/05/20)^b		800		851,000
7.75%, 04/16/26 (Call 04/16/21)^b		1,200		1,355,250

				6,377,575


Security	Principal (000s)		Value
OMAN — 0.26%
Bank Muscat SAOG
3.75%, 05/03/21^b	$	600	$	600,000
Lamar Funding Ltd.
3.96%, 05/07/25^b		1,000		920,000

				1,520,000
PANAMA — 0.08%
Sable International Finance Ltd.
6.88%, 08/01/22 (Call 08/01/18)^b		450		475,875

				475,875
RUSSIA — 4.09%
Alfa Bank AO Via Alfa Bond Issuance PLC
7.50%, 09/26/19^b		400		423,300
7.75%, 04/28/21^b		1,550		1,724,375
ALROSA Finance SA
7.75%, 11/03/20^b		1,100		1,214,125
Credit Bank of Moscow Via CBOM Finance PLC
5.88%, 11/07/21^b		200		208,250
(5 year USD Swap + 5.416%)
7.50%, 10/05/27 (Call 10/05/22)^b,c		700		668,500
Evraz Group SA
5.38%, 03/20/23^b		600		618,930
6.50%, 04/22/20^b		536		566,150
6.75%, 01/31/22^b		600		648,000
8.25%, 01/28/21^b		950		1,055,688
Gazprom OAO Via Gaz Capital SA
4.95%, 02/06/28^b		600		624,750
Gazprombank OAO Via GPB Eurobond Finance PLC (5 year CMT + 6.024%)
7.50%, 12/28/23 (Call 12/28/18)^b,c		200		202,750
GTLK Europe DAC
5.13%, 05/31/24^b		800		809,173
Metalloinvest Finance DAC
4.85%, 05/02/24^b		600		606,119
MMC Norilsk Nickel OJSC via MMC Finance DAC
5.55%, 10/28/20^b		1,000		1,056,550
6.63%, 10/14/22^b		1,200		1,336,500
Novolipetsk Steel via Steel Funding DAC
4.50%, 06/15/23^b		600		620,250
Phosagro OAO via Phosagro Bond Funding DAC
3.95%, 11/03/21^b		800		804,000
Polyus Finance PLC
5.25%, 02/07/23^b		800		825,000
Polyus Gold International Ltd.
4.70%, 03/28/22^b		400		404,500
5.63%, 04/29/20^b		800		829,000
Rusal Capital DAC
5.13%, 02/02/22^b		1,110		1,119,713
Russian Railways via RZD Capital PLC
3.45%, 10/06/20^b		400		400,830
4.38%, 03/01/24^b		688		699,069


			3

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2018


Security	Principal (000s)		Value
Sberbank of Russia Via SB Capital SA
5.13%, 10/29/22^b	$	1,600	$	1,658,000
Severstal OAO Via Steel Capital SA
5.90%, 10/17/22^b		400		435,500
VEON Holdings BV
3.95%, 06/16/21 (Call 03/16/21)^b		400		398,048
4.95%, 06/16/24 (Call 03/16/24)^b		800		804,219
5.95%, 02/13/23^b		1,400		1,491,000
7.50%, 03/01/22^b		600		675,750
VTB Bank OJSC Via VTB Capital SA
6.95%, 10/17/22^b		1,400		1,512,000

				24,440,039
SOUTH AFRICA — 1.48%
AngloGold Ashanti Holdings PLC
5.13%, 08/01/22		645		669,994
5.38%, 04/15/20		809		842,371
Eskom Holdings SOC Ltd.
5.75%, 01/26/21^b		2,000		2,017,000
6.75%, 08/06/23^b		1,017		1,057,680
7.13%, 02/11/25^b		1,260		1,324,890
Gold Fields Orogen Holding BVI Ltd.
4.88%, 10/07/20^b		800		821,600
MTN Mauritius Investment Ltd.
4.76%, 11/11/24^b		600		597,000
Sasol Financing International Ltd.
4.50%, 11/14/22		900		914,400
Transnet SOC Ltd.
4.00%, 07/26/22^b		600		596,340

				8,841,275
SOUTH KOREA — 0.28%
Woori Bank
4.75%, 04/30/24^b		1,000		1,040,908
(5 year CMT + 3.328%)
5.00%, 06/10/45 (Call 06/10/20)^b,c		600		609,529

				1,650,437
THAILAND — 0.07%
Krung Thai Bank PCL/Cayman Islands (5 year CMT + 3.535%)
5.20%, 12/26/24 (Call 12/26/19)^b,c		400		409,696

				409,696
TRINIDAD AND TOBAGO — 0.22%
Consolidated Energy Finance SA
6.88%, 06/15/25^b		450		475,532
Petroleum Co. of Trinidad & Tobago Ltd.
9.75%, 08/14/19^b		800		858,267

				1,333,799
TURKEY — 3.78%
Akbank Turk AS
4.00%, 01/24/20^b		200		199,750


Security	Principal (000s)		Value
5.00%, 10/24/22^b	$	150	$	150,938
5.13%, 03/31/25^b		200		196,250
(5 year USD Swap + 5.026%)
7.20%, 03/16/27 (Call 03/16/22)^b,c		1,100		1,148,125
QNB Finansbank AS/Turkey
4.88%, 05/19/22^b		1,288		1,265,896
TC Ziraat Bankasi AS
4.25%, 07/03/19^b		200		200,198
4.75%, 04/29/21^b		200		199,316
5.13%, 05/03/22^b		1,700		1,698,490
Tupras Turkiye Petrol Rafinerileri AS
4.50%, 10/18/24 (Call 07/20/24)^b		608		598,543
Turkiye Garanti Bankasi AS
4.75%, 10/17/19^b		600		609,000
5.25%, 09/13/22^b		200		203,750
5.88%, 03/16/23^b		900		932,625
6.25%, 04/20/21^b		200		210,500
(5 year USD Swap + 4.220%)
6.13%, 05/24/27 (Call 05/24/22)^b,c		1,000		1,002,560
Turkiye Halk Bankasi AS
3.88%, 02/05/20^b		800		767,000
4.75%, 06/04/19^b		200		197,250
4.75%, 02/11/21^b		500		478,750
5.00%, 07/13/21^b		700		673,750
Turkiye Is Bankasi
5.00%, 04/30/20^b		600		606,000
5.00%, 06/25/21^b		924		924,000
5.38%, 10/06/21^b		1,300		1,309,750
5.50%, 04/21/19^b		200		203,712
5.50%, 04/21/22^b		1,000		1,007,500
6.00%, 10/24/22^b		850		853,188
6.13%, 04/25/24^b		1,100		1,112,347
Turkiye Vakiflar Bankasi TAO
5.50%, 10/27/21^b		800		804,000
6.00%, 11/01/22^b		200		198,250
(5 year USD Swap + 5.439%)
6.88%, 02/03/25 (Call 02/03/20)^b,c		1,000		1,013,750
Yapi ve Kredi Bankasi AS
4.00%, 01/22/20^b		697		690,901
5.13%, 10/22/19^b		546		554,190
5.50%, 12/06/22^b		600		592,500
5.75%, 02/24/22^b		950		969,000
5.85%, 06/21/24^b		600		599,492
(5 year USD Swap + 7.400%)
8.50%, 03/09/26 (Call 03/09/21)^b,c		400		430,000

				22,601,271
UKRAINE — 0.07%
MHP SE
7.75%, 05/10/24^b		400		439,357

				439,357
UNITED ARAB EMIRATES — 0.30%
DAE Funding LLC
4.50%, 08/01/22 (Call 08/01/19)^b		600		597,194
5.00%, 08/01/24 (Call 08/01/20)^b		1,200		1,192,295

				1,789,489


4

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2018


Security	Principal (000s)		Value
VENEZUELA — 0.46%
Petroleos de Venezuela SA
8.50%, 10/27/20^b,d	$	2,513	$	2,082,234
12.75%, 02/17/22^b,d		2,788		662,429

				2,744,663
TOTAL CORPORATE BONDS & NOTES
(Cost: $249,085,116)				252,593,126

FOREIGN GOVERNMENT OBLIGATIONS^a — 55.97%

ARGENTINA — 7.78%
Argentine Republic Government International Bond
2.50%, 12/31/38^e		644		451,122
2.50%, 12/31/38^e		5,016		3,513,917
5.63%, 01/26/22		3,228		3,311,928
5.88%, 01/11/28		2,900		2,821,700
6.25%, 04/22/19		1,900		1,968,525
6.63%, 07/06/28		1,080		1,104,300
6.88%, 04/22/21		5,625		5,996,250
6.88%, 01/26/27		3,724		3,932,544
6.88%, 01/11/48		1,700		1,644,750
7.13%, 07/06/36		2,120		2,168,760
7.13%, 06/28/17^b		2,731		2,677,897
7.50%, 04/22/26		7,055		7,764,028
7.63%, 04/22/46		2,731		2,881,205
8.28%, 12/31/33		1,444		1,604,755
8.28%, 12/31/33		477		539,855
8.28%, 12/31/33		3,634		4,115,598

				46,497,134
AZERBAIJAN — 0.12%
State Oil Co. of the Azerbaijan Republic
6.95%, 03/18/30^b		600		691,782

				691,782
BAHRAIN — 1.86%
Bahrain Government International Bond
5.50%, 03/31/20^b		883		900,930
5.88%, 01/26/21^b		650		670,400
6.00%, 09/19/44^b		800		690,756
6.13%, 07/05/22^b		2,000		2,080,917
6.13%, 08/01/23^b		1,400		1,457,176
6.75%, 09/20/29^b		1,400		1,382,559
7.00%, 01/26/26^b		2,000		2,097,116
7.00%, 10/12/28^b		816		832,487
7.50%, 09/20/47^b		1,000		974,412

				11,086,753


Security	Principal (000s)		Value
BRAZIL — 5.92%
Banco Nacional de Desenvolvimento Economico e Social
4.00%, 04/14/19^b	$	400	$	405,155
4.75%, 05/09/24^b		1,583		1,593,249
5.50%, 07/12/20^b		750		789,202
5.75%, 09/26/23^b		900		976,500
6.50%, 06/10/19^b		600		628,500
Brazilian Government International Bond
2.63%, 01/05/23		2,600		2,489,500
4.25%, 01/07/25		5,468		5,529,515
4.88%, 01/22/21		2,811		2,972,632
5.00%, 01/27/45		3,926		3,621,735
5.63%, 01/07/41		2,467		2,482,419
5.63%, 02/21/47		2,000		2,012,500
6.00%, 04/07/26		2,692		2,988,120
7.13%, 01/20/37		1,910		2,289,613
8.25%, 01/20/34		1,650		2,142,938
8.75%, 02/04/25		500		640,843
8.88%, 10/14/19		300		333,882
8.88%, 04/15/24		1,350		1,717,875
10.13%, 05/15/27		1,233		1,763,190

				35,377,368
COSTA RICA — 0.65%
Costa Rica Government International Bond
4.25%, 01/26/23^b		1,200		1,167,000
4.38%, 04/30/25^b		400		385,320
5.63%, 04/30/43^b		200		181,442
7.00%, 04/04/44^b		1,262		1,325,100
7.16%, 03/12/45^b		800		853,000

				3,911,862
CROATIA — 1.36%
Croatia Government International Bond
5.50%, 04/04/23^b		1,500		1,635,000
6.00%, 01/26/24^b		1,400		1,578,500
6.38%, 03/24/21^b		1,706		1,863,805
6.63%, 07/14/20^b		1,350		1,461,375
6.75%, 11/05/19^b		1,500		1,597,500

				8,136,180
DOMINICAN REPUBLIC — 2.01%
Dominican Republic International Bond
5.50%, 01/27/25^b		1,000		1,047,500
5.88%, 04/18/24^b		1,240		1,329,900
5.95%, 01/25/27^b		1,075		1,154,281
6.60%, 01/28/24^b		313		348,505
6.85%, 01/27/45^b		2,190		2,444,587
6.88%, 01/29/26^b		1,603		1,813,394
7.45%, 04/30/44^b		1,350		1,601,438
7.50%, 05/06/21^b		2,100		2,278,500

				12,018,105


			5

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2018


Security	Principal (000s)		Value
ECUADOR — 2.35%
Ecuador Government International Bond
7.95%, 06/20/24^b	$	2,165	$	2,286,781
8.75%, 06/02/23^b		1,500		1,648,723
8.88%, 10/23/27^b		2,900		3,157,639
9.63%, 06/02/27^b		1,000		1,135,621
9.65%, 12/13/26^b		1,779		2,025,836
10.50%, 03/24/20^b		1,500		1,644,375
10.75%, 03/28/22^b		1,862		2,159,920

				14,058,895
EGYPT — 1.73%
Egypt Government International Bond
5.75%, 04/29/20^b		760		795,150
5.88%, 06/11/25^b		1,259		1,298,344
6.13%, 01/31/22^b		2,400		2,544,000
6.88%, 04/30/40^b		497		509,805
7.50%, 01/31/27^b		2,100		2,349,375
8.50%, 01/31/47^b		2,500		2,871,875

				10,368,549
EL SALVADOR — 1.04%
El Salvador Government International Bond
5.88%, 01/30/25^b		750		752,354
6.38%, 01/18/27^b		1,100		1,128,291
7.38%, 12/01/19^b		250		262,447
7.63%, 02/01/41^b		500		550,892
7.65%, 06/15/35^b		880		966,900
7.75%, 01/24/23^b		1,058		1,161,037
8.25%, 04/10/32^b		400		467,451
8.63%, 02/28/29^b		800		941,828

				6,231,200
GHANA — 0.70%
Ghana Government International Bond
7.88%, 08/07/23^b		1,000		1,090,000
8.13%, 01/18/26^b		1,300		1,436,500
9.25%, 09/15/22^b		400		452,092
10.75%, 10/14/30^b		900		1,223,562

				4,202,154
GUATEMALA — 0.44%
Guatemala Government Bond
4.50%, 05/03/26^b		1,000		1,008,960
4.88%, 02/13/28^b		923		950,109
5.75%, 06/06/22^b		600		641,615

				2,600,684
IVORY COAST — 0.47%
Ivory Coast Government International Bond
5.38%, 07/23/24^b		400		406,907
6.13%, 06/15/33^b		1,400		1,437,330
6.38%, 03/03/28^b		900		956,574

				2,800,811


Security	Principal (000s)		Value
JAMAICA — 0.96%
Jamaica Government International Bond
6.75%, 04/28/28	$	1,838	$	2,106,807
7.63%, 07/09/25		700		833,999
7.88%, 07/28/45		1,200		1,492,862
8.00%, 03/15/39		1,043		1,293,320

				5,726,988
JORDAN — 0.52%
Jordan Government International Bond
5.75%, 01/31/27^b		1,000		1,006,250
6.13%, 01/29/26^b		1,000		1,042,749
7.38%, 10/10/47^b		200		215,600
7.38%, 10/10/47^b		800		862,399

				3,126,998
LEBANON — 3.68%
Lebanon Government International Bond
5.45%, 11/28/19^b		400		398,747
5.50%, 04/23/19		200		200,016
5.80%, 04/14/20^b		695		694,234
6.00%, 05/20/19^b		300		301,879
6.00%, 01/27/23^b		950		940,500
6.10%, 10/04/22^b		2,100		2,097,375
6.15%, 06/19/20		350		351,824
6.20%, 02/26/25^b		700		680,513
6.25%, 05/27/22		300		300,584
6.25%, 11/04/24^b		535		523,799
6.38%, 03/09/20		2,020		2,040,200
6.40%, 05/26/23		1,550		1,541,957
6.60%, 11/27/26^b		500		490,000
6.60%, 11/27/26^b		850		833,000
6.65%, 04/22/24^b		1,020		1,020,711
6.65%, 11/03/28^b		1,115		1,070,438
6.65%, 02/26/30^b		1,390		1,315,288
6.75%, 11/29/27^b		817		799,639
6.85%, 03/23/27^b		800		791,604
6.85%, 05/25/29		700		677,199
7.00%, 03/23/32^b		1,605		1,539,085
7.05%, 11/02/35^b		100		95,921
7.25%, 03/23/37^b		800		775,426
8.25%, 04/12/21^b		2,356		2,512,085

				21,992,024
MOROCCO — 0.41%
Morocco Government International Bond
4.25%, 12/11/22^b		1,490		1,553,325
5.50%, 12/11/42^b		800		909,693

				2,463,018


6

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2018


Security	Principal (000s)		Value
NIGERIA — 0.67%
Nigeria Government International Bond
6.38%, 07/12/23^b	$	700	$	744,055
6.50%, 11/28/27^b		1,100		1,141,338
6.75%, 01/28/21^b		400		426,537
7.88%, 02/16/32^b		1,490		1,681,838

				3,993,768
PAKISTAN — 0.54%
Pakistan Government International Bond
6.88%, 12/05/27^b		600		605,791
7.25%, 04/15/19^b		600		621,332
8.25%, 04/15/24^b		1,627		1,802,049
8.25%, 09/30/25^b		200		222,484

				3,251,656
RUSSIA — 4.20%
Russian Foreign Bond-Eurobond
4.50%, 04/04/22^b		2,400		2,515,200
4.88%, 09/16/23^b		3,200		3,417,600
5.00%, 04/29/20^b		3,000		3,129,000
5.63%, 04/04/42^b		3,000		3,360,000
5.88%, 09/16/43^b		1,400		1,619,100
7.50%, 03/31/30^b,e		6,397		7,330,974
12.75%, 06/24/28^b		2,150		3,700,150

				25,072,024
SENEGAL — 0.38%
Senegal Government International Bond
6.25%, 07/30/24^b		400		426,397
6.25%, 05/23/33^b		1,300		1,363,778
8.75%, 05/13/21^b		400		455,086

				2,245,261
SERBIA — 0.63%
Serbia International Bond
4.88%, 02/25/20^b		1,490		1,538,425
7.25%, 09/28/21^b		1,986		2,246,663

				3,785,088
SOUTH AFRICA — 2.71%
Republic of South Africa Government International Bond
4.30%, 10/12/28		1,500		1,447,500
4.67%, 01/17/24		2,000		2,050,000
4.88%, 04/14/26		2,200		2,249,500
5.00%, 10/12/46		1,100		1,046,375
5.38%, 07/24/44		200		199,250
5.50%, 03/09/20		2,668		2,791,395
5.65%, 09/27/47		1,400		1,445,592
5.88%, 05/30/22		1,250		1,365,625
5.88%, 09/16/25		1,986		2,167,223
6.25%, 03/08/41		1,301		1,463,109

				16,225,569


Security	Principal (000s)		Value
SRI LANKA — 1.52%
Sri Lanka Government International Bond
5.13%, 04/11/19^b	$	200	$	204,003
5.75%, 01/18/22^b		600		621,132
5.88%, 07/25/22^b		1,662		1,732,635
6.13%, 06/03/25^b		1,100		1,158,358
6.20%, 05/11/27^b		580		611,735
6.25%, 10/04/20^b		300		315,000
6.25%, 07/27/21^b		1,378		1,455,513
6.83%, 07/18/26^b		1,050		1,149,750
6.85%, 11/03/25^b		1,700		1,863,625

				9,111,751
TRINIDAD AND TOBAGO — 0.27%
Trinidad & Tobago Government International Bond
4.38%, 01/16/24^b		400		410,518
4.50%, 08/04/26^b		1,200		1,227,000

				1,637,518
TURKEY — 8.55%
Export Credit Bank of Turkey
5.00%, 09/23/21^b		650		655,961
5.38%, 02/08/21^b		400		408,991
5.38%, 10/24/23^b		600		607,036
Turkey Government International Bond
3.25%, 03/23/23		1,700		1,610,750
4.25%, 04/14/26		1,400		1,323,000
4.88%, 10/09/26		3,460		3,369,175
4.88%, 04/16/43		2,979		2,550,769
5.13%, 03/25/22		949		983,401
5.63%, 03/30/21		1,986		2,080,335
5.75%, 03/22/24		2,300		2,429,375
5.75%, 05/11/47		3,476		3,314,595
5.88%, 04/24/19^b		650		666,958
6.00%, 03/25/27		3,221		3,390,102
6.00%, 01/14/41		2,816		2,808,960
6.25%, 09/26/22		2,483		2,681,640
6.63%, 02/17/45		2,779		2,938,792
6.75%, 05/30/40		1,975		2,150,281
6.88%, 03/17/36		2,820		3,109,050
7.00%, 06/05/20		2,500		2,684,375
7.25%, 03/05/38		1,300		1,488,500
7.38%, 02/05/25		3,070		3,518,987
7.50%, 11/07/19		2,200		2,354,000
8.00%, 02/14/34		1,263		1,537,703
11.88%, 01/15/30		1,550		2,410,250

				51,072,986


			7

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2018


Security	Principal (000s)		Value
UKRAINE — 2.62%
Ukraine Government International Bond
7.38%, 09/25/32^b	$	3,000	$	3,044,149
7.75%, 09/01/20^b		2,026		2,173,898
7.75%, 09/01/21^b		850		925,225
7.75%, 09/01/22^b		630		686,700
7.75%, 09/01/22^b		1,374		1,497,660
7.75%, 09/01/23^b		1,325		1,440,937
7.75%, 09/01/24^b		1,318		1,428,382
7.75%, 09/01/25^b		936		1,008,540
7.75%, 09/01/26^b		1,252		1,337,136
7.75%, 09/01/27^b		1,298		1,387,238
Ukreximbank Via Biz Finance PLC
9.75%, 01/22/25^b		650		724,559

				15,654,424
UNITED STATES — 0.25%
Egypt Government International Bond
5.88%, 06/11/25^b		300		309,375
Nigeria Government International Bond
7.63%, 11/28/47^b		1,100		1,175,082

				1,484,457
VENEZUELA — 1.28%
Venezuela Government International Bond
6.00%, 12/09/20^b^,d		1,490		383,675
7.00%, 03/31/38^b^,d		1,000		265,000
7.65%, 04/21/25^b^,d		1,858		492,370
7.75%, 10/13/19^b^,d		2,479		644,540
8.25%, 10/13/24^b^,d		2,480		657,200
9.00%, 05/07/23^b^,d		1,637		437,898
9.25%, 09/15/27^d		4,062		1,127,205
9.25%, 05/07/28^b^,d		1,592		425,860
9.40%, 01/13/34^d		1,480		395,900
11.75%, 10/21/26^b^,d		2,635		757,562
11.95%, 08/05/31^b^,d		4,180		1,191,300
12.75%, 08/23/22^b^,d		2,980		856,750

				7,635,260
VIETNAM — 0.35%
Vietnam Government International Bond
4.80%, 11/19/24^b		1,000		1,065,070
6.75%, 01/29/20^b		940		1,004,114

				2,069,184
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $337,003,094)				334,529,451


Security	Shares (000s)		Value
SHORT-TERM INVESTMENTS — 1.12%

MONEY MARKET FUNDS — 1.12%
BlackRock Cash Funds: Treasury, SL Agency Shares 1.28%^f,g		6,671	$	6,670,642

				6,670,642

TOTAL SHORT-TERM INVESTMENTS (Cost: $6,670,642)				6,670,642


TOTAL INVESTMENTS IN SECURITIES — 99.35%
(Cost: $592,758,852)				593,793,219
Other Assets, Less Liabilities — 0.65%				3,878,377

NET ASSETS — 100.00%			$	597,671,596

CMT — Constant Maturity Treasury

^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	Issuer is in default of interest payments.

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

^f	Affiliate of the Fund.

^g	Annualized 7-day yield as of period end.

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended January 31, 2018, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:


Affiliated issuer	Shares held at 10/31/17 (000s)		Shares purchased (000s)		Shares sold (000s)			Shares held at 01/31/18 (000s)		Value at 01/31/18		Income		Net realized gain (loss)		Change in unrealized appreciation (depreciation)
BlackRock Cash Funds: Treasury, SL Agency Shares		10,477		—		(3,806	)^a		6,671	$	6,670,642	$	10,558	$	—	$	—

Net of purchases and sales.


8

Schedule of Investments (Unaudited) (Continued)

iSHARES^® EMERGING MARKETS HIGH YIELD BOND ETF

January 31, 2018

Fair Value Measurements

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

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of January 31, 2018. 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	$	—	$	252,593,126	$	—	$	252,593,126
Foreign government obligations		—		334,529,451		—		334,529,451
Money market funds		6,670,642		—		—		6,670,642

Total	$	6,670,642	$	587,122,577	$	—	$	593,793,219


			9

Schedule of Investments (Unaudited)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2018

Security

Shares
or Principal
(000s)

Value

COMMON STOCKS — 0.00%

JERSEY — 0.00%

Sentry Holdings Ltd. Class A^a

—

TOTAL COMMON STOCKS

(Cost: $159,437)

—

CORPORATE BONDS & NOTES — 97.38%

AUSTRALIA — 0.49%

Origin Energy Finance Ltd.
(5 year EUR Swap + 3.670%)

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

EUR

400

521,974

AUSTRIA — 0.14%

Raiffeisenlandesbank Niederoesterreich-Wien AG

5.88%, 11/27/23^c

EUR

100

148,163

BELGIUM — 0.80%

Barry Callebaut Services NV

2.38%, 05/24/24 (Call 02/24/24)^c

EUR

200

263,948

5.63%, 06/15/21^c

EUR

100

145,911

Nyrstar Netherlands Holdings BV

8.50%, 09/15/19^c

EUR

150

207,341

Telenet Finance Luxembourg Notes Sarl

3.50%, 03/01/28 (Call 12/01/22)^c

EUR

200

245,384

862,584

CANADA — 1.37%

Baytex Energy Corp.

6.63%, 07/19/22 (Call 03/02/18)

CAD

125

99,951

Bombardier Inc.

6.13%, 05/15/21^c

EUR

300

408,605

Brookfield Residential Properties Inc.

6.13%, 05/15/23 (Call 05/15/18)^c

CAD

100

84,948

Cascades Inc.

5.50%, 07/15/21 (Call 03/02/18)^d

CAD

42,064

Cott Corp.

5.50%, 07/01/24 (Call 07/01/19)^c

EUR

200

268,883

Iron Mountain Canada Operations ULC

5.38%, 09/15/23

CAD

100

84,464

Mattamy Group Corp.

6.50%, 10/01/25 (Call 10/01/20)^d

CAD

100

85,373

Postmedia Network Inc.

8.25%, 07/15/21 (Call 03/02/18)^d

CAD

1,989


Security		Principal (000s)		Value
Quebecor Media Inc.
6.63%, 01/15/23^d	CAD		175	$	156,121
Southern Pacific Resource Corp.
8.75%, 01/25/18^a,d,e	CAD		50		4
Videotron Ltd.
5.63%, 06/15/25 (Call 03/15/25)	CAD		125		108,701
5.75%, 01/15/26 (Call 09/15/20)^c	CAD		150		129,753

					1,470,856
CAYMAN ISLANDS — 0.23%
UPCB Finance VII Ltd.
3.63%, 06/15/29 (Call 06/15/22)^c	EUR		200		245,092

					245,092
CYPRUS — 0.13%
Bank of Cyprus PCL (5 year EUR Swap + 9.176%)
9.25%, 01/19/27 (Call 01/19/22)^b,c	EUR		100		138,057

					138,057
DENMARK — 0.36%
TDC A/S (5 year EUR Swap + 3.110%)
3.50%, 02/26/49 (Call 02/26/21)^b,c	EUR		300		391,543

					391,543
FINLAND — 1.54%
Nokia OYJ
1.00%, 03/15/21 (Call 02/15/21)^c	EUR		200		250,022
2.00%, 03/15/24 (Call 12/15/23)^c	EUR		300		377,858
Stora Enso OYJ
2.13%, 06/16/23 (Call 03/16/23)^c	EUR		100		130,740
2.50%, 06/07/27 (Call 03/07/27)^c	EUR		100		127,690
Teollisuuden Voima OYJ
2.13%, 02/04/25 (Call 11/04/24)^c	EUR		200		246,061
2.50%, 03/17/21^c	EUR		200		259,906
2.63%, 01/13/23^c	EUR		200		259,078

					1,651,355
FRANCE — 12.76%
Areva SA
4.38%, 11/06/19	EUR		200		265,359
Casino Guichard Perrachon SA
1.87%, 06/13/22 (Call 03/13/22)^c	EUR		200		252,603
3.58%, 02/07/25 (Call 11/07/24)^c	EUR		100		130,214
4.05%, 08/05/26 (Call 05/05/26)^c	EUR		200		267,512
4.41%, 08/06/19^c	EUR		200		264,852
4.50%, 03/07/24 (Call 12/07/23)^c	EUR		500		689,946
4.56%, 01/25/23^c	EUR		300		420,033
5.24%, 03/09/20	EUR		200		274,174
5.98%, 05/26/21^c	EUR		500		721,465
CMA CGM SA
5.25%, 01/15/25 (Call 10/15/20)^c	EUR		300		360,174
6.50%, 07/15/22 (Call 07/15/19)^c	EUR		300		392,235
7.75%, 01/15/21 (Call 02/12/18)^c	EUR		300		386,810


10

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2018


Security		Principal (000s)		Value
Europcar Groupe SA
4.13%, 11/15/24 (Call 11/15/20)^c	EUR		400	$	504,679
5.75%, 06/15/22 (Call 06/15/18)^c	EUR		200		259,773
Faurecia
3.13%, 06/15/22 (Call 06/15/18)^c	EUR		200		254,886
3.63%, 06/15/23 (Call 06/15/19)^c	EUR		300		392,157
Loxam SAS
3.50%, 04/15/22 (Call 04/15/19)^c	EUR		100		129,755
3.50%, 05/03/23 (Call 05/03/19)^c	EUR		200		258,198
4.25%, 04/15/24 (Call 04/15/20)^c	EUR		100		133,205
4.88%, 07/23/21 (Call 02/12/18)^c	EUR		73		92,932
6.00%, 04/15/25 (Call 04/15/20)^c	EUR		100		135,561
7.00%, 07/23/22 (Call 02/12/18)^c	EUR		100		131,000
Orano SA
3.13%, 03/20/23 (Call 12/20/22)^c	EUR		400		524,585
3.25%, 09/04/20^c	EUR		300		395,074
3.50%, 03/22/21	EUR		300		399,574
4.88%, 09/23/24	EUR		400		564,033
Peugeot SA
2.00%, 03/23/24^c	EUR		275		348,335
2.38%, 04/14/23^c	EUR		250		329,238
6.50%, 01/18/19^c	EUR		100		132,170
Rexel SA
2.13%, 06/15/25 (Call 12/15/20)^c	EUR		300		363,855
2.63%, 06/15/24 (Call 03/15/20)^c	EUR		125		160,228
3.50%, 06/15/23 (Call 06/15/19)^c	EUR		200		261,331
SFR Group SA
5.38%, 05/15/22 (Call 03/02/18)^c	EUR		400		508,756
5.63%, 05/15/24 (Call 05/15/19)^c	EUR		500		633,940
SPCM SA
2.88%, 06/15/23 (Call 06/15/18)^c	EUR		200		252,414
Synlab Bondco PLC
6.25%, 07/01/22 (Call 07/01/18)^c	EUR		400		522,237
Synlab Unsecured Bondco PLC
8.25%, 07/01/23 (Call 07/01/18)^c	EUR		150		201,442
Tereos Finance Groupe I SA
4.13%, 06/16/23 (Call 03/16/23)^c	EUR		200		260,238
4.25%, 03/04/20 (Call 03/04/19)	EUR		100		128,624
Vallourec SA
2.25%, 09/30/24^c	EUR		200		218,054
3.25%, 08/02/19^c	EUR		200		259,008
6.63%, 10/15/22 (Call 10/15/20)^c	EUR		200		267,754
Verallia Packaging SASU
5.13%, 08/01/22 (Call 08/01/18)^c	EUR		200		258,931

					13,707,344
GERMANY — 9.43%
ADLER Real Estate AG
1.50%, 12/06/21 (Call 11/06/21)^c	EUR		200		251,160
2.13%, 02/06/24 (Call 01/06/24)^c	EUR		100		125,363
Deutsche Bank AG
2.75%, 02/17/25^c	EUR		500		639,550
4.50%, 05/19/26	EUR		300		428,312
Deutsche Lufthansa AG (5 year EUR Swap + 4.783%)
5.13%, 08/12/75 (Call 02/12/21)^b,c	EUR		200		274,646


Security		Principal (000s)		Value
Hapag-Lloyd AG
5.13%, 07/15/24 (Call 07/15/20)^c	EUR		200	$	256,668
6.75%, 02/01/22 (Call 02/01/19)^c	EUR		200		263,908
K+S AG
2.63%, 04/06/23 (Call 01/06/23)^c	EUR		300		389,304
3.00%, 06/20/22^c	EUR		200		265,463
4.13%, 12/06/21^c	EUR		200		275,400
LANXESS AG (5 year EUR Swap + 4.510%)
4.50%, 12/06/76 (Call 06/06/23)^b,c	EUR		200		276,461
METRO AG
1.38%, 10/28/21^c	EUR		200		257,681
1.50%, 03/19/25^c	EUR		200		246,936
Norddeutsche Landesbank Girozentrale
6.00%, 06/29/20	EUR		200		271,925
Nordex SE
6.50%, 02/01/23 (Call 02/01/20)^c	EUR		125		154,598
RWE AG (5 year EUR Swap + 2.643%)
2.75%, 04/21/75 (Call 10/21/20)^b,c	EUR		200		259,152
(5 year EUR Swap + 3.245%)
3.50%, 04/21/75 (Call 04/21/25)^b,c	EUR		200		263,841
thyssenkrupp AG
1.38%, 03/03/22 (Call 12/03/21)^c	EUR		550		697,173
1.75%, 11/25/20 (Call 08/25/20)^c	EUR		200		257,974
2.50%, 02/25/25^c	EUR		200		268,442
2.75%, 03/08/21 (Call 12/08/20)^c	EUR		400		529,414
3.13%, 10/25/19 (Call 07/25/19)^c	EUR		300		390,150
4.00%, 08/27/18	EUR		300		381,997
Unitymedia GmbH
3.75%, 01/15/27 (Call 01/15/21)^c	EUR		300		380,895
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
3.50%, 01/15/27 (Call 01/15/21)^c	EUR		200		258,841
4.00%, 01/15/25 (Call 01/15/20)^c	EUR		400		526,113
4.63%, 02/15/26 (Call 02/15/21)^c	EUR		200		270,935
5.63%, 04/15/23 (Call 04/15/18)^c	EUR		70		90,439
ZF North America Capital Inc.
2.25%, 04/26/19^c	EUR		500		637,913
2.75%, 04/27/23^c	EUR		400		538,523

					10,129,177
GREECE — 0.49%
OTE PLC
3.50%, 07/09/20^c	EUR		300		397,717
4.38%, 12/02/19^c	EUR		100		132,707

					530,424
GUERNSEY — 0.12%
Summit Germany Ltd.
2.00%, 01/31/25 (Call 01/31/21)^c	EUR		100		123,644

					123,644
IRELAND — 3.19%
Allied Irish Banks PLC (5 year EUR Swap + 3.950%)
4.13%, 11/26/25 (Call 11/26/20)^b,c	EUR		300		407,033
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
2.75%, 03/15/24 (Call 03/15/20)^c	EUR		225		287,994
4.13%, 05/15/23 (Call 05/15/19)^c	EUR		200		263,269


			11

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2018


Security		Principal (000s)		Value
4.75%, 07/15/27 (Call 07/15/22)^c	GBP		200	$	286,236
6.75%, 05/15/24 (Call 05/15/19)^c	EUR		300		409,728
Bank of Ireland
10.00%, 12/19/22^c	EUR		100		175,862
(5 year EUR Swap + 3.550%)
4.25%, 06/11/24 (Call 06/11/19)^b,c	EUR		400		523,749
Bank of Ireland Group PLC (5 year EUR Swap + 3.550%)
3.13%, 09/19/27 (Call 09/19/22)^b,c	GBP		100		143,116
Smurfit Kappa Acquisitions ULC
2.38%, 02/01/24 (Call 11/01/23)^c	EUR		200		259,812
2.75%, 02/01/25 (Call 11/01/24)^c	EUR		100		131,263
3.25%, 06/01/21 (Call 03/10/21)^c	EUR		300		402,807
4.13%, 01/30/20^c	EUR		100		133,690

					3,424,559
ITALY — 21.55%
Banca Monte dei Paschi di Siena SpA
3.63%, 04/01/19^c	EUR		400		513,374
(5 year EUR Swap + 5.005%)
5.38%, 01/18/28 (Call 01/18/23)^b,c	EUR		300		378,946
Banco BPM SpA
2.75%, 07/27/20^c	EUR		500		649,535
3.50%, 03/14/19^c	EUR		500		642,698
6.00%, 11/05/20^c	EUR		200		269,568
7.13%, 03/01/21^c	EUR		200		274,659
(5 year EUR Swap + 4.179%)
4.38%, 09/21/27 (Call 09/21/22)^b,c	EUR		300		382,190
Banco Popolare SC
6.38%, 05/31/21^c	EUR		100		135,832
BPER Banca (5 year EUR Swap + 4.910%)
5.13%, 05/31/27 (Call 05/31/22)^b,c	EUR		200		262,853
Buzzi Unicem SpA
2.13%, 04/28/23 (Call 01/28/23)^c	EUR		200		261,635
Fiat Chrysler Finance Europe SA
4.75%, 03/22/21^c	EUR		400		555,294
4.75%, 07/15/22^c	EUR		600		850,545
6.75%, 10/14/19^c	EUR		500		688,860
Iccrea Banca SpA
1.50%, 02/21/20^c	EUR		300		376,297
1.50%, 10/11/22^c	EUR		200		246,410
1.88%, 11/25/19^c	EUR		200		253,171
International Game Technology PLC
4.13%, 02/15/20 (Call 11/15/19)^c	EUR		400		527,791
4.75%, 02/15/23 (Call 08/15/22)^c	EUR		300		419,386
Intesa Sanpaolo SpA
2.86%, 04/23/25^c	EUR		300		387,768
3.93%, 09/15/26^c	EUR		400		552,955
5.00%, 09/23/19^c	EUR		200		267,825
5.15%, 07/16/20	EUR		500		691,911
6.63%, 09/13/23^c	EUR		600		942,096
Leonardo SpA
1.50%, 06/07/24 (Call 03/07/24)^c	EUR		225		278,382
4.50%, 01/19/21	EUR		300		416,610
5.25%, 01/21/22	EUR		400		581,759
8.00%, 12/16/19	GBP		100		159,366


Security		Principal (000s)		Value
Mediobanca Banca di Credito Finanziario SpA
3.75%, 06/16/26	EUR		150	$	199,055
5.00%, 11/15/20	EUR		300		416,223
5.75%, 04/18/23	EUR		200		292,098
Saipem Finance International BV
2.75%, 04/05/22^c	EUR		300		387,252
3.00%, 03/08/21^c	EUR		200		262,725
3.75%, 09/08/23^c	EUR		200		268,001
Salini Costruttori SpA
6.13%, 08/01/18	EUR		100		128,002
Salini Impregilo SpA
1.75%, 10/26/24^c	EUR		150		175,376
3.75%, 06/24/21^c	EUR		200		269,112
Telecom Italia SpA
2.38%, 10/12/27 (Call 07/12/27)^c	EUR		200		249,533
4.88%, 09/25/20^c	EUR		100		139,333
5.25%, 02/10/22^c	EUR		500		733,661
6.13%, 12/14/18	EUR		100		131,093
Telecom Italia SpA/Milano
2.50%, 07/19/23^c	EUR		200		262,631
3.00%, 09/30/25^c	EUR		200		265,691
3.25%, 01/16/23^c	EUR		200		272,921
3.63%, 01/19/24^c	EUR		200		277,445
3.63%, 05/25/26^c	EUR		200		277,245
4.50%, 01/25/21^c	EUR		100		139,377
5.38%, 01/29/19^c	EUR		200		262,146
6.38%, 06/24/19	GBP		150		227,884
UniCredit SpA
6.13%, 04/19/21^c	EUR		200		288,421
6.95%, 10/31/22^c	EUR		636		984,621
(5 year EUR Swap + 4.100%)
5.75%, 10/28/25 (Call 10/28/20)^b,c	EUR		400		557,941
(5 year EUR Swap + 4.316%)
4.38%, 01/03/27 (Call 01/03/22)^b,c	EUR		400		549,977
Unione di Banche Italiane SpA
(5 year EUR Swap + 4.182%)
4.25%, 05/05/26 (Call 05/05/21)^b,c	EUR		300		392,500
(5 year EUR Swap + 4.240%)
4.45%, 09/15/27 (Call 09/15/22)^b,c	EUR		200		264,051
Unipol Gruppo SpA
3.00%, 03/18/25^c	EUR		400		504,034
3.50%, 11/29/27 (Call 08/29/27)^c	EUR		200		251,559
4.38%, 03/05/21^c	EUR		100		136,829
Wind Tre SpA
2.63%, 01/20/23 (Call 11/03/19)^c	EUR		600		694,101
3.13%, 01/20/25 (Call 11/03/20)^c	EUR		800		916,108

					23,144,662
JAPAN — 2.68%
SoftBank Group Corp.
3.13%, 09/19/25 (Call 06/21/25)^c	EUR		500		614,243
4.00%, 07/30/22 (Call 04/30/22)^c	EUR		200		272,095
4.00%, 09/19/29 (Call 06/21/29)^c	EUR		300		363,753
4.63%, 04/15/20^c	EUR		300		405,414
4.75%, 07/30/25 (Call 04/30/25)^c	EUR		700		947,339
5.25%, 07/30/27 (Call 04/30/27)^c	EUR		200		275,964

					2,878,808


12

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2018


Security		Principal (000s)		Value
LUXEMBOURG — 5.92%
Altice Financing SA
5.25%, 02/15/23 (Call 03/02/18)^c	EUR		200	$	257,550
Altice Finco SA
4.75%, 01/15/28 (Call 10/15/22)^c	EUR		300		340,674
9.00%, 06/15/23 (Call 06/15/18)^c	EUR		100		132,139
Altice Luxembourg SA
6.25%, 02/15/25 (Call 02/15/20)^c	EUR		300		364,708
7.25%, 05/15/22 (Call 03/02/18)^c	EUR		900		1,099,313
ArcelorMittal
0.95%, 01/17/23 (Call 10/17/22)^c	EUR		100		123,610
2.88%, 07/06/20^c	EUR		300		396,992
3.00%, 03/25/19^c	EUR		300		385,955
3.00%, 04/09/21^c	EUR		200		268,285
3.13%, 01/14/22^c	EUR		300		407,278
Garfunkelux Holdco 3 SA
7.50%, 08/01/22 (Call 08/01/18)^c	EUR		100		129,731
8.50%, 11/01/22 (Call 11/01/18)^c	GBP		200		296,071
(3mo. LIBOR GBP + 3.5000%)
3.50%, 09/01/23 (Call 09/01/18)^b,c	EUR		100		117,541
INEOS Finance PLC
2.13%, 11/15/25 (Call 11/15/20)^c	EUR		200		240,499
INEOS Group Holdings SA
5.38%, 08/01/24 (Call 08/01/19)^c	EUR		300		395,834
Matterhorn Telecom Holding SA
4.88%, 05/01/23 (Call 05/01/18)^c	EUR		100		125,509
Matterhorn Telecom SA
3.88%, 05/01/22 (Call 05/01/18)^c	EUR		400		506,343
4.00%, 11/15/27 (Call 11/15/22)^c	EUR		200		240,383
Picard Bondco SA
5.50%, 11/30/24 (Call 11/30/20)^c	EUR		100		126,388
Telenet Finance VI Luxembourg SCA
4.88%, 07/15/27 (Call 07/15/21)^c	EUR		300		404,828

					6,359,631
NETHERLANDS — 3.80%
Axalta Coating Systems LLC
4.25%, 08/15/24 (Call 08/15/19)^c	EUR		200		263,777
Constellium NV
4.25%, 02/15/26 (Call 11/15/20)^c	EUR		200		253,618
4.63%, 05/15/21 (Call 03/02/18)^c	EUR		100		127,067
Nyrstar Netherlands Holdings BV
6.88%, 03/15/24 (Call 03/15/20)^c	EUR		200		265,253
Saipem Finance International BV
2.63%, 01/07/25^c	EUR		200		248,500
SNS Bank NV
6.25%, 10/26/20^a,e	EUR		50		—
Steinhoff Europe AG
1.88%, 01/24/25 (Call 10/24/24)^c	EUR		300		234,594
United Group BV
4.38%, 07/01/22 (Call 07/01/19)^c	EUR		200		256,216
4.88%, 07/01/24 (Call 07/01/20)^c	EUR		200		256,672
UPC Holding BV
3.88%, 06/15/29 (Call 06/15/22)^c	EUR		300		353,321


Security		Principal (000s)		Value
UPCB Finance IV Ltd.
4.00%, 01/15/27 (Call 01/15/21)^c	EUR		300	$	392,074
Ziggo Bond Co. BV
7.13%, 05/15/24 (Call 05/15/19)^c	EUR		300		409,156
Ziggo Bond Finance BV
4.63%, 01/15/25 (Call 01/15/20)^c	EUR		200		256,740
Ziggo Secured Finance BV
3.75%, 01/15/25 (Call 01/15/20)^c	EUR		300		384,838
4.25%, 01/15/27 (Call 01/15/22)^c	EUR		300		384,232

					4,086,058
PORTUGAL — 0.51%
Banco Comercial Portugues SA (5 year EUR Swap + 4.267%)
4.50%, 12/07/27 (Call 12/07/22)^b,c	EUR		100		126,075
EDP - Energias de Portugal SA (5 year EUR Swap + 5.043%)
5.38%, 09/16/75 (Call 03/16/21)^b,c	EUR		300		417,713

					543,788
SINGAPORE — 0.61%
Lincoln Finance Ltd.
6.88%, 04/15/21 (Call 04/15/18)^c	EUR		500		649,883

					649,883
SPAIN — 5.20%
Banco de Credito Social Cooperativo SA (5 year EUR Swap + 7.591%)
7.75%, 06/07/27 (Call 06/07/22)^b,c	EUR		100		129,397
Banco de Sabadell SA
5.63%, 05/06/26^c	EUR		200		305,784
6.25%, 04/26/20	EUR		250		350,257
Bankia SA
(5 year EUR Swap + 3.166%)
4.00%, 05/22/24 (Call 05/22/19)^b,c	EUR		400		519,150
(5 year EUR Swap + 3.350%)
3.38%, 03/15/27 (Call 03/15/22)^b,c	EUR		200		267,101
Bankinter SA
6.38%, 09/11/19^c	EUR		100		136,987
(5 year EUR Swap + 2.400%)
2.50%, 04/06/27 (Call 04/06/22)^b,c	EUR		200		259,233
CaixaBank SA
(5 year EUR Swap + 2.350%)
2.75%, 07/14/28 (Call 07/14/23)^b,c	EUR		400		520,478
(5 year EUR Swap + 3.350%)
3.50%, 02/15/27 (Call 02/15/22)^b,c	EUR		400		537,214
Cellnex Telecom SA
2.38%, 01/16/24 (Call 10/16/23)^c	EUR		400		507,696
2.88%, 04/18/25 (Call 01/18/25)^c	EUR		100		128,315
3.13%, 07/27/22^c	EUR		200		269,006
Cirsa Funding Luxembourg SA
5.75%, 05/15/21 (Call 05/15/18)^c	EUR		100		129,485
5.88%, 05/15/23 (Call 05/15/18)^c	EUR		200		258,495
Grifols SA
3.20%, 05/01/25 (Call 05/01/20)^c	EUR		400		506,602
Grupo Isolux Corsan SA
3.00%, 12/30/21 (Call 03/02/18)^e	EUR		141		2,629


			13

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2018


Security		Principal (000s)		Value
Ibercaja Banco SA (5 year EUR Swap + 4.551%)
5.00%, 07/28/25 (Call 07/28/20)^b,c	EUR		200	$	265,190
Repsol International Finance BV (10 year EUR Swap + 4.200%)
4.50%, 03/25/75 (Call 03/25/25)^b,c	EUR		350		492,497

					5,585,516
SWEDEN — 3.12%
Fastighets AB Balder (5 year EUR Swap + 2.895%)
3.00%, 03/07/78 (Call 03/07/23)^b,c	EUR		200		251,495
Intrum Justitia AB
2.75%, 07/15/22 (Call 07/15/19)^c	EUR		600		745,125
3.13%, 07/15/24 (Call 07/15/20)^c	EUR		400		490,899
Telefonaktiebolaget LM Ericsson
0.88%, 03/01/21^c	EUR		200		246,943
Series 7Y
1.88%, 03/01/24^c	EUR		200		240,132
Verisure Holding AB
6.00%, 11/01/22 (Call 11/01/18)^c	EUR		270		356,930
Verisure Midholding AB
5.75%, 12/01/23 (Call 12/01/19)^c	EUR		400		500,905
Volvo Car AB
2.00%, 01/24/25 (Call 10/24/24)^c	EUR		200		250,789
3.25%, 05/18/21^c	EUR		200		269,859

					3,353,077
SWITZERLAND — 0.60%
Dufry Finance SCA
4.50%, 08/01/23 (Call 08/01/18)^c	EUR		200		261,656
Dufry One BV
2.50%, 10/15/24 (Call 10/15/20)^c	EUR		300		381,167

					642,823
UNITED KINGDOM — 9.45%
Ardonagh Midco 3 PLC
8.38%, 07/15/23 (Call 07/15/20)^c	GBP		200		289,997
Arqiva Broadcast Finance PLC
9.50%, 03/31/20 (Call 03/31/18)^c	GBP		100		147,009
Boparan Finance PLC
4.38%, 07/15/21 (Call 03/02/18)^c	EUR		100		121,428
5.50%, 07/15/21 (Call 02/12/18)^c	GBP		200		277,234
Cabot Financial Luxembourg SA
7.50%, 10/01/23 (Call 10/01/19)^c	GBP		100		148,846
CNH Industrial Finance Europe SA
1.38%, 05/23/22 (Call 02/23/22)^c	EUR		300		383,733
1.75%, 09/12/25 (Call 06/12/25)^c	EUR		200		254,774
2.88%, 05/17/23^c	EUR		300		409,737
Fiat Chrysler Automobiles NV
3.75%, 03/29/24^c	EUR		500		689,969
Heathrow Finance PLC
3.88%, 03/01/27^c	GBP		100		141,720
INEOS Finance PLC
4.00%, 05/01/23 (Call 05/01/18)^c	EUR		300		382,806


Security		Principal (000s)		Value
Jaguar Land Rover Automotive PLC
2.20%, 01/15/24^c	EUR		200	$	252,763
2.75%, 01/24/21^c	GBP		200		289,387
3.88%, 03/01/23^c	GBP		100		147,715
5.00%, 02/15/22^c	GBP		200		308,817
New Look Secured Issuer PLC
6.50%, 07/01/22 (Call 06/24/18)^c	GBP		200		129,407
Royal Bank of Scotland Group PLC (5 year EUR Swap + 2.650%)
3.63%, 03/25/24 (Call 03/25/19)^b,c	EUR		400		515,277
Tesco Corporate Treasury Services PLC
1.38%, 07/01/19^c	EUR		300		380,228
2.13%, 11/12/20 (Call 08/12/20)^c	EUR		300		390,767
2.50%, 07/01/24^c	EUR		300		397,793
Tesco PLC
6.13%, 02/24/22	GBP		400		651,397
Thomas Cook Finance 2 PLC
3.88%, 07/15/23 (Call 01/15/20)^c	EUR		200		255,084
Thomas Cook Group PLC
6.25%, 06/15/22 (Call 06/15/19)^c	EUR		300		404,655
Virgin Media Finance PLC
4.50%, 01/15/25 (Call 01/15/20)^c	EUR		200		260,928
6.38%, 10/15/24 (Call 10/15/19)^c	GBP		100		152,071
7.00%, 04/15/23 (Call 04/15/18)^c	GBP		100		148,377
Virgin Media Receivables Financing Notes I DAC
5.50%, 09/15/24 (Call 09/15/19)^c	GBP		400		581,759
Virgin Media Secured Finance PLC
4.88%, 01/15/27 (Call 01/15/21)^c	GBP		200		289,370
5.00%, 04/15/27 (Call 04/15/22)^c	GBP		300		434,542
5.13%, 01/15/25 (Call 01/15/20)^c	GBP		300		444,638
6.00%, 01/15/25 (Call 01/15/21)^c,f	GBP		100		161,770
6.25%, 03/28/29 (Call 01/15/21)^c	GBP		200		305,345

					10,149,343
UNITED STATES — 12.89%
Adient Global Holdings Ltd.
3.50%, 08/15/24 (Call 05/15/24)^c	EUR		400		513,499
AMC Entertainment Holdings Inc.
6.38%, 11/15/24 (Call 11/15/19)	GBP		200		285,414
Aramark International Finance Sarl
3.13%, 04/01/25 (Call 04/01/20)^c	EUR		100		130,433
Avantor Inc.
4.75%, 10/01/24 (Call 10/01/20)^c	EUR		200		248,278
Avis Budget Finance PLC
4.13%, 11/15/24 (Call 11/15/19)^c	EUR		100		127,498
4.50%, 05/15/25 (Call 05/15/20)^c	EUR		100		127,432
Axalta Coating Systems Dutch Holding B BV
3.75%, 01/15/25 (Call 01/15/20)^c	EUR		200		262,756
Ball Corp.
3.50%, 12/15/20	EUR		100		135,185
4.38%, 12/15/23	EUR		300		423,018
Chemours Co. (The)
6.13%, 05/15/23 (Call 05/15/18)	EUR		100		131,735
CNH Industrial Finance Europe SA
2.75%, 03/18/19^c	EUR		300		384,887
2.88%, 09/27/21^c	EUR		200		271,015
Crown European Holdings SA
2.63%, 09/30/24 (Call 03/31/24)^c	EUR		300		380,536
3.38%, 05/15/25 (Call 11/15/24)^c	EUR		200		261,162
4.00%, 07/15/22 (Call 04/15/22)^c	EUR		200		273,709


14

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2018


Security		Principal (000s)		Value
Darling Global Finance BV
4.75%, 05/30/22 (Call 05/30/18)^c	EUR		100	$	128,572
Equinix Inc.
2.88%, 10/01/25 (Call 10/01/20)	EUR		400		501,297
2.88%, 02/01/26 (Call 02/01/21)	EUR		400		495,554
Federal-Mogul LLC/Federal-Mogul Financing Corp.
4.88%, 04/15/22 (Call 04/15/19)^c	EUR		225		283,578
5.00%, 07/15/24 (Call 07/15/20)^c	EUR		100		123,565
Goodyear Dunlop Tires Europe BV
3.75%, 12/15/23 (Call 12/15/18)^c	EUR		100		129,351
Hanesbrands Finance Luxembourg SCA
3.50%, 06/15/24 (Call 03/15/24)^c	EUR		200		269,449
Huntsman International LLC
4.25%, 04/01/25 (Call 01/01/25)	EUR		100		142,901
5.13%, 04/15/21 (Call 01/15/21)	EUR		200		279,059
Infor U.S. Inc.
5.75%, 05/15/22 (Call 05/15/18)	EUR		100		127,276
International Game Technology PLC
4.75%, 03/05/20^c	EUR		200		269,281
Iron Mountain Inc.
3.00%, 01/15/25 (Call 06/15/20)^c	EUR		100		125,562
Iron Mountain UK PLC
3.88%, 11/15/25 (Call 11/15/20)^c	GBP		200		275,939
Levi Strauss & Co.
3.38%, 03/15/27 (Call 03/15/22)	EUR		200		260,114
LKQ Italia Bondco SpA
3.88%, 04/01/24 (Call 01/01/24)^c	EUR		200		267,137
MPT Operating Partnership LP/MPT Finance Corp.
3.33%, 03/24/25 (Call 12/24/24)	EUR		200		263,219
4.00%, 08/19/22 (Call 05/19/22)	EUR		200		275,640
Netflix Inc.
3.63%, 05/15/27^c	EUR		600		751,935
OI European Group BV
3.13%, 11/15/24 (Call 08/15/24)^c	EUR		300		389,404
4.88%, 03/31/21^c	EUR		100		140,384
6.75%, 09/15/20^c	EUR		200		288,752
PSPC Escrow Corp.
6.00%, 02/01/23 (Call 03/02/18)^c	EUR		100		129,984
PVH Corp.
3.13%, 12/15/27^c	EUR		250		313,384
3.63%, 07/15/24 (Call 04/15/24)^c	EUR		225		305,875
Quintiles IMS Inc.
2.88%, 09/15/25 (Call 09/15/20)^c	EUR		200		249,236
3.25%, 03/15/25 (Call 03/15/20)^c	EUR		500		635,115
3.50%, 10/15/24 (Call 10/15/19)^c	EUR		300		385,974
Sealed Air Corp.
4.50%, 09/15/23 (Call 06/15/23)^c	EUR		200		283,381
Silgan Holdings Inc.
3.25%, 03/15/25^c	EUR		100		128,912
3.25%, 03/15/25 (Call 03/15/20)	EUR		200		257,824
Spectrum Brands Inc.
4.00%, 10/01/26 (Call 10/01/21)^c	EUR		200		265,939
Valeant Pharmaceuticals International Inc.
4.50%, 05/15/23 (Call 05/15/18)^c	EUR		650		722,934
Vantiv LLC/Vanity Issuer Corp.
3.88%, 11/15/25 (Call 11/15/20)^c	GBP		200		286,258


Security		Principal or Shares (000s)		Value
WMG Acquisition Corp.
4.13%, 11/01/24 (Call 11/01/19)^c	EUR		100	$	131,700

					13,841,042
TOTAL CORPORATE BONDS & NOTES (Cost: $98,727,979)					104,579,403

SHORT-TERM INVESTMENTS — 0.02%

MONEY MARKET FUNDS — 0.02%
BlackRock Cash Funds: Treasury, SL Agency Shares
1.28%^g,h			18		17,989

					17,989

TOTAL SHORT-TERM INVESTMENTS (Cost: $17,989)					17,989


TOTAL INVESTMENTS IN SECURITIES — 97.40%
(Cost: $98,905,405)					104,597,392
Other Assets, Less Liabilities — 2.60%					2,792,449

NET ASSETS — 100.00%				$	107,389,841

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	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.

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

^d	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^e	Issuer is in default of interest payments.

^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	Affiliate of the Fund.

^h	Annualized 7-day yield as of period end.


			15

Schedule of Investments (Unaudited) (Continued)

iSHARES^® INTERNATIONAL HIGH YIELD BOND ETF

January 31, 2018

Affiliates


Affiliated issuer	Shares held at 10/31/17 (000s)		Shares purchased (000s)		Shares sold (000s)		Shares held at 01/31/18 (000s)		Value at 01/31/18		Income		Net realized gain (loss)		Change in unrealized appreciation (depreciation)
BlackRock Cash Funds: Treasury, SL Agency Shares		1		17^a		—		18	$	17,989	$	174	$	—	$	—

Net of purchases and sales.

Fair Value Measurements


	Level 1		Level 2		Level 3		Total
Investments
Assets
Common stocks	$	—	$	—	$	0^a	$	0^a
Corporate bonds & notes		—		104,579,399		4		104,579,403
Money market funds		17,989		—		—		17,989

Total	$	17,989	$	104,579,399	$	4	$	104,597,392

Rounds to less than $1.


16

Schedule of Investments (Unaudited)

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

January 31, 2018


Security	Principal (000s)		Value
CORPORATE BONDS & NOTES — 95.37%

ARGENTINA — 2.83%
Adani Ports & Special Economic Zone Ltd.
3.50%, 07/29/20^a	$	200	$	201,080
Adecoagro SA
6.00%, 09/21/27^a		150		147,782
Cablevision SA
6.50%, 06/15/21 (Call 06/15/19)^a		300		316,500
Pampa Energia SA
7.38%, 07/21/23 (Call 07/21/20)^a		200		216,750
7.50%, 01/24/27 (Call 01/24/22)^a		150		162,937
Stoneway Capital Corp.
10.00%, 03/01/27 (Call 03/01/22)^a		150		162,443
YPF SA
6.95%, 07/21/27^a		100		103,199
7.00%, 12/15/47 (Call 06/15/47)^a		200		190,080
8.50%, 03/23/21^a		200		221,250
8.50%, 07/28/25^a		125		141,756
8.75%, 04/04/24^a		580		657,575

				2,521,352
BRAZIL — 7.69%
Banco Bradesco SA/Cayman Islands
5.75%, 03/01/22^a		200		211,140
Banco do Brasil SA/Cayman Islands
5.88%, 01/26/22^a		200		207,910
5.88%, 01/19/23^a		200		208,250
(10 year CMT + 4.398%)
6.25%, (Call 04/15/24)^a,b,c		200		184,510
(10 year CMT + 7.327%)
9.25%, (Call 04/15/23)^a,b,c		200		218,540
Braskem Finance Ltd.
5.38%, 05/02/22^a		200		212,000
Braskem Netherlands Finance BV
4.50%, 01/10/28^a		200		202,108
BRF SA
3.95%, 05/22/23^a		200		197,250
Centrais Eletricas Brasileiras SA
5.75%, 10/27/21^a		200		206,250
CSN Islands XII Corp.
7.00%, (Call 03/23/18)^a,c		100		88,600
CSN Resources SA
6.50%, 07/21/20^a		100		96,375
Embraer Netherlands Finance BV
5.05%, 06/15/25		100		103,825
5.40%, 02/01/27^d		150		158,985
Fibria Overseas Finance Ltd.
5.25%, 05/12/24		50		53,500
GTL Trade Finance Inc./Gerdau Holdings Inc.
5.89%, 04/29/24 (Call 01/29/24)^a		150		160,987
Itau Unibanco Holding SA/Cayman Islands
5.13%, 05/13/23^a		200		205,700
5.65%, 03/19/22^a,d		200		208,642
JBS Investments GmbH
7.75%, 10/28/20 (Call 03/02/18)^a		200		205,250


Security	Principal (000s)		Value
JBS USA LUX SA/JBS USA Finance Inc.
5.88%, 07/15/24 (Call 07/15/19)^a	$	75	$	74,663
7.25%, 06/01/21 (Call 03/02/18)^a		100		102,000
Marfrig Holdings Europe BV
8.00%, 06/08/23 (Call 06/08/19)^a		200		209,200
Odebrecht Finance Ltd.
4.38%, 04/25/25^a		200		65,000
Petrobras Global Finance BV
5.30%, 01/27/25^e		158		159,134
5.63%, 05/20/43		150		135,038
6.13%, 01/17/22		200		213,200
6.25%, 03/17/24		225		239,647
6.75%, 01/27/41		145		147,719
6.85%, 06/05/15		100		98,625
6.88%, 01/20/40		175		179,375
7.25%, 03/17/44		150		157,875
7.38%, 01/17/27		200		221,300
8.38%, 05/23/21		400		456,600
8.75%, 05/23/26		250		299,975
St. Marys Cement Inc. Canada
5.75%, 01/28/27 (Call 10/28/26)^a		200		209,690
Vale Overseas Ltd.
5.88%, 06/10/21		100		108,700
6.25%, 08/10/26		200		231,208
6.88%, 11/10/39^d		200		252,690
8.25%, 01/17/34		125		168,281

				6,859,742
CHILE — 4.17%
Celulosa Arauco y Constitucion SA
4.50%, 08/01/24 (Call 05/01/24)		200		209,500
Cencosud SA
4.38%, 07/17/27 (Call 04/17/27)^a		400		393,797
5.15%, 02/12/25 (Call 11/12/24)^a		200		212,000
Colbun SA
4.50%, 07/10/24 (Call 04/11/24)^a		200		208,500
Empresa Electrica Angamos SA
4.88%, 05/25/29^a,d		400		404,000
Empresa Nacional de Telecomunicaciones SA
4.75%, 08/01/26^a		200		207,500
4.88%, 10/30/24^a,d		200		209,250
Enel Americas SA
4.00%, 10/25/26 (Call 07/25/26)		200		201,250
GNL Quintero SA
4.63%, 07/31/29^a,d		400		417,000
Inversiones CMPC SA
4.75%, 09/15/24 (Call 06/15/24)^a		200		210,750
Inversiones CMPC SA/Cayman Islands Branch
4.38%, 05/15/23 (Call 02/15/23)^a		400		414,000
LATAM Airlines Group SA
7.25%, 06/09/20^a		400		421,500
VTR Finance BV
6.88%, 01/15/24 (Call 01/15/19)^a		200		210,000

				3,719,047


			17

Schedule of Investments (Unaudited) (Continued)

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

January 31, 2018


Security	Principal (000s)		Value
CHINA — 8.94%
Agile Group Holdings Ltd.
9.00%, 05/21/20 (Call 05/21/18)^a	$	200	$	211,500
Alibaba Group Holding Ltd.
3.40%, 12/06/27 (Call 09/06/27)		300		290,970
3.60%, 11/28/24 (Call 08/28/24)		200		202,313
4.00%, 12/06/37 (Call 06/06/37)		200		199,887
Azure Nova International Finance Ltd.
3.50%, 03/21/22^a		200		198,110
Baidu Inc.
4.13%, 06/30/25		200		203,810
Bank of China Ltd./Hong Kong
3.88%, 06/30/25^a		200		202,250
Bank of China Ltd./Macau
2.88%, 04/20/22^a		200		196,113
Bank of Communications Co. Ltd. (5 year CMT + 2.850%)
4.50%, 10/03/24 (Call 10/03/19)^a,b		200		202,750
BOC Aviation Ltd.
3.50%, 09/18/27 (Call 06/18/27)^a		200		188,618
China Cinda Finance 2015 I Ltd.
4.25%, 04/23/25^a		400		398,000
China Construction Bank Corp. (5 year CMT + 2.425%)
3.88%, 05/13/25 (Call 05/13/20)^a,b		200		201,044
China Evergrande Group
7.50%, 06/28/23 (Call 06/28/20)^a		200		202,095
8.75%, 06/28/25 (Call 06/28/21)^a		200		206,585
China Overseas Finance Cayman II Ltd.
5.50%, 11/10/20^a		100		105,875
China Overseas Finance Cayman VI Ltd.
5.95%, 05/08/24^a		200		223,250
CITIC Ltd.
3.13%, 02/28/22^a		400		392,500
6.63%, 04/15/21^a		100		109,408
CMBLEMTN 1 Ltd.
3.25%, 11/29/21^a		200		196,794
CNOOC Finance 2012 Ltd.
5.00%, 05/02/42^a		200		222,809
CNOOC Finance 2015 Australia Pty Ltd.
2.63%, 05/05/20		200		198,250
CNOOC Nexen Finance 2014 ULC
4.25%, 04/30/24		200		206,614
CNPC General Capital Ltd.
3.40%, 04/16/23^a		200		199,879
Country Garden Holdings Co. Ltd.
7.50%, 03/09/20 (Call 03/09/18)^a		200		208,000
Fortune Star BVI Ltd.
5.25%, 03/23/22 (Call 03/23/20)^a		200		198,124
Greenland Global Investment Ltd.
5.88%, 07/03/24^a		200		198,750
Huarong Finance 2017 Co. Ltd.
4.75%, 04/27/27^a		200		200,422
Huarong Finance II Co. Ltd.
5.50%, 01/16/25^a		200		212,232
ICBCIL Finance Co. Ltd.
2.50%, 09/29/21^a		200		192,701


Security	Principal (000s)		Value
Industrial & Commercial Bank of China Ltd./New York
2.91%, 11/13/20	$	250	$	247,636
Industrial & Commercial Bank of China Ltd./Singapore (3 mo. LIBOR US + 0.950%)
2.69%, 04/24/22^a,f		400		401,516
JD.com Inc.
3.88%, 04/29/26		200		197,878
Kaisa Group Holdings Ltd.
8.50%, 06/30/22 (Call 06/30/20)^a		200		194,397
Nexen Energy ULC
7.50%, 07/30/39		100		143,625
Proven Honour Capital Ltd.
4.13%, 05/19/25^a		400		402,189
Sino-Ocean Land Treasure Finance II Ltd.
5.95%, 02/04/27^a		200		218,020

				7,974,914
COLOMBIA — 4.77%
Avianca Holdings SA/Avianca Leasing LLC/Grupo Taca Holdings Ltd.
8.38%, 05/10/20 (Call 03/02/18)^a		200		205,750
Banco de Bogota SA
5.38%, 02/19/23^a,d		200		211,000
6.25%, 05/12/26^a,d		200		216,750
Bancolombia SA
5.13%, 09/11/22		87		91,220
5.95%, 06/03/21^d		400		434,160
(5 year CMT + 2.929%)
4.88%, 10/18/27 (Call 10/18/22)^b		200		198,800
Colombia Telecomunicaciones SA ESP
5.38%, 09/27/22 (Call 03/02/18)^a		400		406,500
( 5 year USD Swap + 6.958%)
8.50%,^a,b,c		100		107,500
Ecopetrol SA
4.13%, 01/16/25		300		299,928
5.38%, 06/26/26 (Call 03/26/26)		325		348,265
5.88%, 09/18/23		200		219,250
5.88%, 05/28/45		400		422,500
7.38%, 09/18/43		200		247,500
Grupo Aval Ltd.
4.75%, 09/26/22^a		200		204,000
GrupoSura Finance SA
5.50%, 04/29/26 (Call 01/29/26)^a		200		218,480
Millicom International Cellular SA
6.00%, 03/15/25 (Call 03/15/20)^a		200		212,800
SUAM Finance BV
4.88%, 04/17/24^a		200		212,250

				4,256,653
GHANA — 0.23%
Tullow Oil PLC
6.25%, 04/15/22 (Call 03/02/18)^a		200		204,750

				204,750


18

Schedule of Investments (Unaudited) (Continued)

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

January 31, 2018


Security	Principal (000s)		Value
GUATEMALA — 0.47%
Comunicaciones Celulares SA Via Comcel Trust
6.88%, 02/06/24 (Call 02/06/19)^a	$	400	$	420,420

				420,420
HONG KONG — 5.10%
AIA Group Ltd.
3.20%, 03/11/25 (Call 12/11/24)^a		200		195,965
4.50%, 03/16/46 (Call 09/16/45)^a		200		214,107
Bank of East Asia Ltd. (The) (5 year CMT + 2.700%)
4.00%, 11/03/26 (Call 11/03/21)^a,b		200		198,940
CK Hutchison International 16 Ltd.
2.75%, 10/03/26^a		800		745,922
HKT Capital No. 4 Ltd.
3.00%, 07/14/26^a		200		186,750
Hongkong Electric Finance Ltd.
2.88%, 05/03/26^a		200		188,500
Hutchison Whampoa International 11 Ltd.
4.63%, 01/13/22^a		400		420,000
Li & Fung Ltd.
5.25%, (Call 11/03/21)^a,c		200		179,000
Nanyang Commercial Bank Ltd. (5 year CMT + 3.205%)
5.00%, (Call 06/02/22)^a,b,c		200		200,271
NWD Finance BVI Ltd.
5.75%, (Call 10/05/21)^a,c		200		194,800
NWD MTN Ltd.
5.25%, 02/26/21^a		200		208,949
OVPH Ltd.
5.88%, (Call 03/01/21)^a,c		200		202,500
PCPD Capital Ltd.
4.75%, 03/09/22^a		200		202,335
Radiant Access Ltd.
4.60%, (Call 05/18/20)^a,c		200		187,764
Sun Hung Kai Properties Capital Market Ltd.
4.50%, 02/14/22^a		200		209,438
Swire Pacific MTN Financing Ltd.
4.50%, 10/09/23^a		400		420,612
Swire Properties MTN Financing Ltd.
3.63%, 01/13/26^a		200		199,250
TVB Finance Ltd.
3.63%, 10/11/21^a		200		196,020

				4,551,123
INDIA — 5.01%
ABJA Investment Co. Pte Ltd.
5.95%, 07/31/24^a		200		210,332
Axis Bank Ltd./Dubai
3.25%, 05/21/20^a		200		199,807
Bharat Petroleum Corp. Ltd.
4.00%, 05/08/25^a		200		200,405
Bharti Airtel International Netherlands BV
5.13%, 03/11/23^a		400		418,856
Delhi International Airport Ltd.
6.13%, 10/31/26^a		200		210,394


Security	Principal (000s)		Value
Greenko Dutch BV
5.25%, 07/24/24 (Call 07/24/20)^a	$	200	$	199,921
ICICI Bank Ltd./Dubai
3.13%, 08/12/20^a		200		199,250
3.50%, 03/18/20^a		200		201,168
4.00%, 03/18/26^a		250		248,843
ICICI Bank Ltd./Hong Kong
5.75%, 11/16/20^a		100		106,575
Indian Oil Corp. Ltd.
5.75%, 08/01/23^a		200		220,100
JSW Steel Ltd.
5.25%, 04/13/22^a		200		203,994
NTPC Ltd.
4.38%, 11/26/24^a		200		207,911
Oil India Ltd.
5.38%, 04/17/24^a		200		217,816
ONGC Videsh Ltd.
4.63%, 07/15/24^a		200		209,750
Reliance Holdings USA Inc.
5.40%, 02/14/22^a		250		268,381
Reliance Industries Ltd.
4.13%, 01/28/25^a		500		508,449
Vedanta Resources PLC
7.13%, 05/31/23^a		200		213,250
8.25%, 06/07/21^a		200		220,492

				4,465,694
INDONESIA — 1.38%
Indo Energy Finance II BV
6.38%, 01/24/23 (Call 03/02/18)^a		200		203,225
Listrindo Capital BV
4.95%, 09/14/26 (Call 09/14/21)^a		200		198,640
Minejesa Capital BV
4.63%, 08/10/30^e		200		202,272
5.63%, 08/10/37^e		200		210,316
Perusahaan Gas Negara Persero Tbk
5.13%, 05/16/24^a		200		214,250
Saka Energi Indonesia PT
4.45%, 05/05/24^a		200		202,890

				1,231,593
ISRAEL — 4.32%
Altice Financing SA
6.63%, 02/15/23 (Call 03/02/18)^a		400		406,000
7.50%, 05/15/26 (Call 05/15/21)^a		600		625,860
Israel Electric Corp. Ltd.
6.88%, 06/21/23^a		200		233,000
Series 6
5.00%, 11/12/24^a,e		200		215,250
Teva Pharmaceutical Finance Co. BV
2.95%, 12/18/22		200		181,601
Series 2
3.65%, 11/10/21		500		483,244
Teva Pharmaceutical Finance Co. LLC
6.15%, 02/01/36^d		300		300,000


			19

Schedule of Investments (Unaudited) (Continued)

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

January 31, 2018


Security	Principal (000s)		Value
Teva Pharmaceutical Finance Netherlands III BV
2.20%, 07/21/21^d	$	300	$	279,540
2.80%, 07/21/23^d		500		441,725
3.15%, 10/01/26^d		600		499,500
4.10%, 10/01/46^d		250		188,958

				3,854,678
JAMAICA — 1.33%
Digicel Group Ltd.
7.13%, 04/01/22 (Call 03/02/18)^a,d		200		188,310
8.25%, 09/30/20 (Call 03/02/18)^a		400		396,500
Digicel Ltd.
6.00%, 04/15/21 (Call 03/02/18)^a		200		198,750
6.75%, 03/01/23 (Call 03/01/18)^a		400		398,000

				1,181,560
KAZAKHSTAN — 0.68%
Kazkommertsbank JSC
5.50%, 12/21/22 (Call 03/02/18)^a		200		199,250
Nostrum Oil & Gas Finance BV
8.00%, 07/25/22 (Call 07/25/19)^a		200		211,713
Tengizchevroil Finance Co. International Ltd.
4.00%, 08/15/26^a		200		199,650

				610,613
KUWAIT — 2.01%
Burgan Senior SPC Ltd.
3.13%, 09/14/21^a		400		394,500
Equate Petrochemical BV
3.00%, 03/03/22^a		400		392,800
4.25%, 11/03/26^a		200		202,800
Kuwait Projects Co. SPC Ltd.
4.50%, 02/23/27^a		200		199,750
5.00%, 03/15/23^a		200		209,000
NBK SPC Ltd.
2.75%, 05/30/22^a		400		392,116

				1,790,966
MACAU — 0.91%
Melco Resorts Finance Ltd.
4.88%, 06/06/25 (Call 06/06/20)^a		200		200,536
Studio City Co. Ltd.
7.25%, 11/30/21 (Call 11/30/18)^a		200		210,851
Wynn Macau Ltd.
4.88%, 10/01/24 (Call 10/01/20)^a		400		399,085

				810,472
MALAYSIA — 1.34%
Axiata SPV2 Bhd
4.36%, 03/24/26^a		200		206,360
Gohl Capital Ltd.
4.25%, 01/24/27^a		400		402,000


Security	Principal (000s)		Value
Malayan Banking Bhd (5 year USD Swap + 2.542%)
3.91%, 10/29/26 (Call 10/29/21)^a,b	$	200	$	202,652
RHB Bank Bhd
2.50%, 10/06/21^a		200		195,111
TNB Global Ventures Capital Bhd
3.24%, 10/19/26^a		200		190,708

				1,196,831
MEXICO — 5.93%
Alfa SAB de CV
5.25%, 03/25/24 (Call 12/25/23)^a,d		200		211,000
America Movil SAB de CV
3.13%, 07/16/22		200		199,538
5.00%, 03/30/20		300		314,181
6.13%, 03/30/40^d		200		245,924
6.38%, 03/01/35		200		247,778
Banco Inbursa SA Institucion de Banca Multiple
4.13%, 06/06/24^a		150		150,938
Banco Mercantil del Norte SA/Grand Cayman (10 year CMT + 5.353%)
7.63%, (Call 01/06/28)^a,b,c		200		220,691
Banco Santander Mexico SA
4.13%, 11/09/22^a		150		153,375
BBVA Bancomer SA/Texas
4.38%, 04/10/24^a		150		155,063
6.75%, 09/30/22^a		300		334,875
Cemex SAB de CV
6.13%, 05/05/25 (Call 05/05/20)^a		200		212,750
7.75%, 04/16/26 (Call 04/16/21)^a		200		225,875
Coca-Cola Femsa SAB de CV
3.88%, 11/26/23		150		153,840
El Puerto de Liverpool SAB de CV
3.88%, 10/06/26^a,d		200		193,650
Fomento Economico Mexicano SAB de CV
4.38%, 05/10/43^d		150		155,325
Grupo Bimbo SAB de CV
4.50%, 01/25/22^a		100		104,230
4.88%, 06/27/44^a		200		202,536
Grupo Televisa SAB
5.00%, 05/13/45 (Call 11/13/44)		200		195,917
6.63%, 01/15/40		100		119,300
Mexichem SAB de CV
4.88%, 09/19/22^a		200		210,700
5.50%, 01/15/48 (Call 07/15/47)^a		200		195,914
Sigma Alimentos SA de CV
4.13%, 05/02/26 (Call 02/02/26)^a,d		200		200,000
Southern Copper Corp.
5.25%, 11/08/42		200		225,800
5.88%, 04/23/45		150		182,812
6.75%, 04/16/40		100		131,750
7.50%, 07/27/35		100		136,587
Trust F/1401
5.25%, 01/30/26 (Call 10/30/25)^a		200		210,000

				5,290,349


20

Schedule of Investments (Unaudited) (Continued)

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

January 31, 2018


Security	Principal (000s)		Value
MOROCCO — 0.73%
OCP SA
4.50%, 10/22/25^a	$	200	$	202,000
5.63%, 04/25/24^a		200		215,000
6.88%, 04/25/44^a		200		235,000

				652,000
NIGERIA — 0.47%
IHS Netherlands Holdco BV
9.50%, 10/27/21 (Call 10/27/18)^a		200		212,750
Zenith Bank PLC
7.38%, 05/30/22^a		200		210,501

				423,251
PANAMA — 0.69%
Banco General SA
4.13%, 08/07/27 (Call 05/07/27)^a		200		201,661
C&W Senior Financing DAC
6.88%, 09/15/27 (Call 09/15/22)^a		200		211,200
Global Bank Corp.
4.50%, 10/20/21^a		200		203,000

				615,861
PERU — 2.40%
Banco de Credito del Peru
4.25%, 04/01/23^a,d		600		627,750
Banco de Credito del Peru/Panama
5.38%, 09/16/20^a		100		106,000
Banco Internacional del Peru SAA Interbank
3.38%, 01/18/23^e		216		214,814
BBVA Banco Continental SA
5.00%, 08/26/22^a		150		160,875
Inkia Energy Ltd.
5.88%, 11/09/27 (Call 11/09/22)^a		200		201,431
Lima Metro Line 2 Finance Ltd.
5.88%, 07/05/34^a		200		216,600
Nexa Resources SA
5.38%, 05/04/27 (Call 02/04/27)^a		200		211,811
Orazul Energy Egenor S en C por A
5.63%, 04/28/27 (Call 04/28/22)^a		200		196,761
Transportadora de Gas del Peru SA
4.25%, 04/30/28^a		200		205,500

				2,141,542
PHILIPPINES — 0.46%
JGSH Philippines Ltd.
4.38%, 01/23/23^a		400		407,992

				407,992
QATAR — 3.07%
ABQ Finance Ltd.
3.50%, 02/22/22^a		200		196,750


Security	Principal (000s)		Value
CBQ Finance Ltd.
3.25%, 06/13/21^a	$	200	$	196,250
Nakilat Inc.
6.07%, 12/31/33^a		200		228,750
Ooredoo International Finance Ltd.
3.25%, 02/21/23^a		550		538,312
3.88%, 01/31/28^a		200		198,000
5.00%, 10/19/25^a		400		427,200
QNB Finance Ltd.
2.13%, 09/07/21^a		200		191,000
2.88%, 04/29/20^a		200		198,000
Ras Laffan Liquefied Natural Gas Co. Ltd. III
5.84%, 09/30/27^a		250		279,375
6.33%, 09/30/27^a,d		250		286,250

				2,739,887
RUSSIA — 5.72%
Alfa Bank AO Via Alfa Bond Issuance PLC
7.75%, 04/28/21^a		200		222,500
ALROSA Finance SA
7.75%, 11/03/20^a		200		220,750
Credit Bank of Moscow Via CBOM Finance PLC (5 year USD Swap + 5.416%)
7.50%, 10/05/27 (Call 10/05/22)^a,b		200		191,000
Evraz Group SA
8.25%, 01/28/21^a		200		222,250
Gazprom Neft OAO Via GPN Capital SA
6.00%, 11/27/23^a		200		219,000
Gazprom OAO Via Gaz Capital SA
4.95%, 07/19/22^a		200		208,000
4.95%, 02/06/28^a		200		208,250
6.51%, 03/07/22^a		100		110,000
7.29%, 08/16/37^a		100		126,100
8.63%, 04/28/34^a		150		207,563
Lukoil International Finance BV
4.56%, 04/24/23^a		200		206,493
6.66%, 06/07/22^a		120		134,250
MMC Norilsk Nickel OJSC via MMC Finance DAC
4.10%, 04/11/23^a		200		200,500
Novolipetsk Steel via Steel Funding DAC
4.50%, 06/15/23^a		200		206,750
Polyus Finance PLC
5.25%, 02/07/23^a		400		412,500
Rusal Capital DAC
5.30%, 05/03/23^a		200		204,090
Sberbank of Russia Via SB Capital SA
5.13%, 10/29/22^a		200		207,250
6.13%, 02/07/22^a		200		217,000
(5 year CMT + 4.023%)
5.50%, 02/26/24 (Call 02/26/19)^a,b		200		203,750
Severstal OAO Via Steel Capital SA
5.90%, 10/17/22^a		200		217,750
VEON Holdings BV
4.95%, 06/16/24 (Call 03/16/24)^a		200		201,055
5.95%, 02/13/23^a		200		213,000


			21

Schedule of Investments (Unaudited) (Continued)

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

January 31, 2018


Security	Principal (000s)		Value
VTB Bank OJSC Via VTB Capital SA
6.55%, 10/13/20^a	$	100	$	107,375
6.95%, 10/17/22^a		400		432,000

				5,099,176
SAUDI ARABIA — 1.64%
Acwa Power Management And Investments One Ltd.
5.95%, 12/15/39^a		200		211,857
Saudi Electricity Global Sukuk Co. 3
4.00%, 04/08/24^a		800		823,200
5.50%, 04/08/44^a		400		431,000

				1,466,057
SINGAPORE — 2.92%
DBS Group Holdings Ltd. (5 year USD Swap + 2.390%)
3.60%, (Call 09/07/21)^a,b,c		200		198,582
Flex Ltd.
4.75%, 06/15/25 (Call 03/15/25)		300		315,077
Global Logistic Properties Ltd.
3.88%, 06/04/25^a		200		192,531
Olam International Ltd. (5 year CMT + 6.290%)
5.35%, (Call 07/20/21)^a,b,c		200		194,500
Oversea-Chinese Banking Corp. Ltd.
4.25%, 06/19/24^a		400		408,914
(5 year USD Swap + 2.279%)
3.15%, 03/11/23 (Call 03/11/18)^a,b		200		200,045
SingTel Group Treasury Pte Ltd.
3.25%, 06/30/25^a		500		497,500
United Overseas Bank Ltd. (5 year USD Swap + 2.236%)
3.50%, 09/16/26 (Call 09/16/21)^a,b		600		599,934

				2,607,083
SOUTH AFRICA — 2.93%
AngloGold Ashanti Holdings PLC
5.13%, 08/01/22		100		103,875
5.38%, 04/15/20		400		416,500
Liquid Telecommunications Financing PLC
8.50%, 07/13/22 (Call 07/13/20)^e		200		210,636
MTN Mauritius Investment Ltd.
4.76%, 11/11/24^a		200		199,000
5.37%, 02/13/22^a		400		413,000
Myriad International Holdings BV
5.50%, 07/21/25 (Call 04/21/25)^a		400		436,000
6.00%, 07/18/20^a		200		213,250
Petra Diamonds U.S. Treasury PLC
7.25%, 05/01/22 (Call 05/01/19)^a,d		200		202,750
Sasol Financing International Ltd.
4.50%, 11/14/22		200		203,200
Stillwater Mining Co.
7.13%, 06/27/25 (Call 06/27/21)^e		200		211,711

				2,609,922


Security	Principal (000s)		Value
SOUTH KOREA — 4.14%
Heungkuk Life Insurance Co. Ltd. (5 year CMT + 2.472%)
4.48%, 11/09/47^a,b	$	200	$	196,714
Hyundai Capital America
3.00%, 10/30/20^a		300		298,761
Hyundai Capital Services Inc.
3.00%, 03/06/22^a		400		392,000
Korea East-West Power Company Ltd.
2.63%, 06/19/22		200		193,989
Korea Gas Corp.
3.50%, 07/21/25^a		200		198,868
3.50%, 07/02/26^a		200		198,000
4.25%, 11/02/20^a		100		103,079
Korea Hydro & Nuclear Power Co. Ltd.
3.00%, 09/19/22^a		200		197,421
NongHyup Bank
2.88%, 07/17/22^a		200		195,831
POSCO
4.25%, 10/28/20^a		100		102,695
5.25%, 04/14/21^a		200		211,789
Shinhan Bank Co. Ltd.
2.25%, 04/15/20^a		200		195,517
2.88%, 03/28/22^a		400		392,000
Woori Bank
2.63%, 07/20/21^a		200		196,000
4.75%, 04/30/24^a		400		416,363
(5 year CMT + 3.328%)
5.00%, 06/10/45 (Call 06/10/20)^a,b		200		203,176

				3,692,203
TAIWAN — 0.22%
Formosa Group Cayman Ltd.
3.38%, 04/22/25^a		200		195,750

				195,750
THAILAND — 1.50%
Bangkok Bank PCL/Hong Kong
4.80%, 10/18/20^a		300		313,131
5.00%, 10/03/23^a,d		200		216,022
PTT Global Chemical PCL
4.25%, 09/19/22^a		200		206,855
PTT PCL
4.50%, 10/25/42^a		200		202,474
PTTEP Treasury Center Co. Ltd. (5 year CMT + 2.724%)
4.60%, (Call 07/17/22)^a,b,c		200		201,250
Thai Oil PCL
3.63%, 01/23/23^a		200		202,024

				1,341,756


22

Schedule of Investments (Unaudited) (Continued)

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

January 31, 2018


Security	Principal (000s)		Value
TURKEY — 4.60%
Akbank Turk AS
5.00%, 10/24/22^a	$	150	$	150,937
5.13%, 03/31/25^a		200		196,250
KOC Holding AS
3.50%, 04/24/20^a		200		199,750
QNB Finansbank AS/Turkey
4.88%, 05/19/22^a		200		196,568
Tupras Turkiye Petrol Rafinerileri AS
4.50%, 10/18/24 (Call 07/20/24)^a		200		196,889
Turk Telekomunikasyon AS
4.88%, 06/19/24^a		200		202,750
Turkcell Iletisim Hizmetleri AS
5.75%, 10/15/25^a		200		214,750
Turkiye Garanti Bankasi AS
5.88%, 03/16/23^a		400		414,500
6.25%, 04/20/21^a		200		210,500
Turkiye Halk Bankasi AS
4.75%, 02/11/21^a		200		191,500
Turkiye Is Bankasi
5.00%, 04/30/20^a		200		202,000
5.00%, 06/25/21^a		200		200,000
5.38%, 10/06/21^a		200		201,500
5.50%, 04/21/22^a		200		201,500
(5 year USD Swap + 5.117%)
7.00%, 06/29/28 (Call 06/29/23)^a,b		200		201,706
Turkiye Vakiflar Bankasi TAO
6.00%, 11/01/22^a		200		198,250
(5 year USD Swap + 5.439%)
6.88%, 02/03/25 (Call 02/03/20)^a,b		200		202,750
Yapi ve Kredi Bankasi AS
5.50%, 12/06/22^a		200		197,500
(5 year USD Swap + 7.400%)
8.50%, 03/09/26 (Call 03/09/21)^a,b		300		322,500

				4,102,100
UKRAINE — 0.80%
DTEK Finance PLC
10.75%, 12/31/24 (Call 03/05/18)		260		279,795
MHP SE
8.25%, 04/02/20^a		400		435,000

				714,795
UNITED ARAB EMIRATES — 4.79%
Abu Dhabi National Energy Co. PJSC
3.63%, 06/22/21^a		200		202,000
3.63%, 01/12/23^a		200		201,250
4.38%, 06/22/26^a		400		411,000
6.50%, 10/27/36^a		100		126,500
ADCB Finance Cayman Ltd.
4.50%, 03/06/23^a		200		205,750
BOS Funding Ltd.
4.23%, 03/07/22^a		200		202,530
DAE Funding LLC
5.00%, 08/01/24 (Call 08/01/20)^a		200		198,716


Security	Principal (000s)		Value
DIB Sukuk Ltd.
3.66%, 02/14/22^a	$	200	$	200,750
Dolphin Energy Ltd. LLC
5.50%, 12/15/21^a		200		215,500
DP World Crescent Ltd.
3.91%, 05/31/23^a		400		407,500
DP World Ltd.
6.85%, 07/02/37^a		200		250,125
Emaar Sukuk Ltd.
3.64%, 09/15/26^a		200		194,250
EMG SUKUK Ltd.
4.56%, 06/18/24^a		200		207,000
Emirates NBD Tier 1 Ltd. (6 year USD Swap + 4.513%)
5.75%, (Call 05/30/19)^a,b,c		400		406,000
First Abu Dhabi Bank PJSC
3.00%, 03/30/22^a		400		396,117
MAF Global Securities Ltd.
4.75%, 05/07/24^a		200		209,500
Ruwais Power Co. PJSC
6.00%, 08/31/36^a		200		234,000

				4,268,488
ZAMBIA — 1.18%
First Quantum Minerals Ltd.
7.00%, 02/15/21 (Call 03/02/18)^a		400		413,140
7.25%, 04/01/23 (Call 10/01/19)^a		600		635,250

				1,048,390
TOTAL CORPORATE BONDS & NOTES
(Cost: $84,310,654)				85,067,010

FOREIGN GOVERNMENT OBLIGATIONS^g — 0.99%

NIGERIA — 0.23%
Africa Finance Corp.
3.88%, 04/13/24^a		200		200,500

				200,500
SOUTH KOREA — 0.31%
Korea Gas Corp.
6.25%, 01/20/42^a		200		276,750

				276,750
SUPRANATIONAL — 0.45%
African Export-Import Bank (The)
4.00%, 05/24/21^a		400		405,000

				405,000
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $891,870)				882,250


			23

Schedule of Investments (Unaudited) (Continued)

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

January 31, 2018


Security	Shares (000s)		Value
SHORT-TERM INVESTMENTS — 9.00%

MONEY MARKET FUNDS — 9.00%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.59%^h,i,j		6,036	$	6,037,034
BlackRock Cash Funds: Treasury, SL Agency Shares
1.28%^h,i		1,992		1,992,375

				8,029,409

TOTAL SHORT-TERM INVESTMENTS
(Cost: $8,028,990)				8,029,409


TOTAL INVESTMENTS IN SECURITIES — 105.36%
(Cost: $93,231,514)				93,978,669
Other Assets, Less Liabilities — (5.36)%				(4,780,893	)

NET ASSETS — 100.00%			$	89,197,776

CMT — Constant Maturity Treasury

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

^b	Variable rate security. 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.

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

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

^e	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

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

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

^h	Affiliate of the Fund.

ⁱ	Annualized 7-day yield as of period end.

^j	All or a portion of this security was purchased with cash collateral received from loaned securities.

Affiliates


Affiliated issuer	Shares held at 10/31/17 (000s)		Shares purchased (000s)		Shares sold (000s)			Shares held at 01/31/18 (000s)		Value at 01/31/18		Income			Net realized gain (loss)			Change in unrealized appreciation (depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares		3,412		2,624^a		—			6,036	$	6,037,034	$	5,599	^b	$	(135	)	$	236
BlackRock Cash Funds: Treasury, SL Agency Shares		2,623		—		(631	)^a		1,992		1,992,375		5,188			—			—

										$	8,029,409	$	10,787		$	(135	)	$	236

Net of purchases and sales.

Includes the Fund’s portion of securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities.

Fair Value Measurements


	Level 1		Level 2		Level 3		Total
Investments
Assets
Corporate bonds & notes	$	—	$	85,067,010	$	—	$	85,067,010
Foreign government obligations		—		882,250		—		882,250
Money market funds		8,029,409		—		—		8,029,409

Total	$	8,029,409	$	85,949,260	$	—	$	93,978,669


24

Schedule of Investments (Unaudited)

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

January 31, 2018


Security	Principal (000s)			Value
FOREIGN GOVERNMENT OBLIGATIONS — 95.84%

ARGENTINA — 4.13%
Argentine Bonos del Tesoro
15.50%, 10/17/26		ARS	114,400	$	5,924,373
16.00%, 10/17/23		ARS	68,240		3,507,962
18.20%, 10/03/21		ARS	88,200		4,692,646

					14,124,981
BRAZIL — 14.68%
Brazil Letras do Tesouro Nacional
0.00%, 04/01/19^a		BRL	19,276		5,629,514
0.00%, 07/01/19^a		BRL	14,226		4,069,690
0.00%, 10/01/19^a		BRL	20,010		5,588,263
0.00%, 01/01/20^a		BRL	16,809		4,582,328
0.00%, 07/01/20^a		BRL	9,750		2,531,956
0.00%, 07/01/21^a		BRL	14,437		3,401,306
Brazil Notas do Tesouro Nacional
Series F
10.00%, 01/01/21		BRL	11,148		3,635,723
10.00%, 01/01/23		BRL	30,057		9,755,470
10.00%, 01/01/25		BRL	17,353		5,597,600
10.00%, 01/01/27		BRL	13,123		4,206,302
Brazilian Government International Bond
8.50%, 01/05/24		BRL	500		158,907
10.25%, 01/10/28		BRL	1,420		482,010
12.50%, 01/05/22		BRL	1,633		579,783

					50,218,852
CHILE — 4.27%
Bonos de la Tesoreria de la Republica en pesos
4.50%, 02/28/21		CLP	970,000		1,658,578
4.50%, 03/01/21		CLP	1,075,000		1,838,062
4.50%, 03/01/26		CLP	2,180,000		3,621,367
5.00%, 03/01/35		CLP	2,555,000		4,249,465
6.00%, 01/01/43		CLP	1,385,000		2,544,097
Chile Government International Bond
5.50%, 08/05/20		CLP	390,000		678,110

					14,589,679
COLOMBIA — 4.36%
Colombia Government International Bond
7.75%, 04/14/21		COP	496,000		185,045
9.85%, 06/28/27		COP	1,745,000		768,215
Colombian TES
6.00%, 04/28/28		COP	5,781,000		1,961,602
7.00%, 09/11/19		COP	1,908,000		695,176
7.00%, 05/04/22		COP	9,074,200		3,349,230
7.00%, 06/30/32		COP	1,430,000		511,376
7.50%, 08/26/26		COP	6,100,800		2,301,523
7.75%, 09/18/30		COP	2,880,000		1,105,377
10.00%, 07/24/24		COP	6,692,300		2,844,678
11.00%, 07/24/20		COP	3,005,300		1,198,337

					14,920,559


Security	Principal (000s)			Value
CZECH REPUBLIC — 4.41%
Czech Republic Government Bond
0.95%, 05/15/30^b		CZK	26,240	$	1,120,044
1.50%, 10/29/19^b		CZK	68,270		3,420,675
2.50%, 08/25/28^b		CZK	25,700		1,330,742
3.75%, 09/12/20^b		CZK	10,840		576,851
3.85%, 09/29/21^b		CZK	21,810		1,189,493
4.20%, 12/04/36^b		CZK	10,870		676,184
4.70%, 09/12/22^b		CZK	44,030		2,523,846
5.70%, 05/25/24^b		CZK	67,610		4,235,224

					15,073,059
HUNGARY — 4.33%
Hungary Government Bond
2.50%, 10/27/21		HUF	353,000		1,497,335
3.00%, 06/26/24		HUF	504,000		2,189,522
3.00%, 10/27/27		HUF	153,420		650,739
3.50%, 06/24/20		HUF	414,610		1,790,981
5.50%, 06/24/25		HUF	688,050		3,435,535
6.00%, 11/24/23		HUF	58,850		295,950
6.50%, 06/24/19		HUF	205,670		900,202
7.00%, 06/24/22		HUF	377,160		1,891,851
7.50%, 11/12/20		HUF	454,400		2,171,147

					14,823,262
INDONESIA — 8.00%
Indonesia Treasury Bond
5.63%, 05/15/23		IDR	41,670,000		3,079,024
6.13%, 05/15/28		IDR	44,000,000		3,231,322
6.63%, 05/15/33		IDR	2,000,000		147,441
7.00%, 05/15/22		IDR	16,656,000		1,295,501
7.88%, 04/15/19		IDR	18,697,000		1,436,995
8.25%, 07/15/21		IDR	11,750,000		943,813
8.25%, 06/15/32		IDR	22,819,000		1,913,159
8.38%, 03/15/24		IDR	26,819,000		2,238,005
8.38%, 09/15/26		IDR	34,783,000		2,932,465
8.38%, 03/15/34		IDR	38,211,000		3,235,741
8.75%, 05/15/31		IDR	24,600,000		2,133,678
9.00%, 03/15/29		IDR	15,796,000		1,405,459
9.50%, 07/15/31		IDR	13,698,000		1,250,760
10.00%, 09/15/24		IDR	560,000		50,312
10.00%, 02/15/28		IDR	9,815,000		920,689
11.00%, 11/15/20		IDR	1,748,000		147,963
11.00%, 09/15/25		IDR	10,435,000		991,304

					27,353,631
MALAYSIA — 4.36%
Malaysia Government Bond
3.48%, 03/15/23		MYR	2,179		549,956
3.49%, 03/31/20		MYR	17,037		4,378,851


			25

Schedule of Investments (Unaudited) (Continued)

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

January 31, 2018


Security	Principal (000s)			Value
3.50%, 05/31/27		MYR	640	$	155,735
3.58%, 09/28/18		MYR	1,260		324,015
4.05%, 09/30/21		MYR	16,322		4,248,021
4.23%, 06/30/31		MYR	1,700		426,227
4.50%, 04/15/30		MYR	1,840		476,047
4.94%, 09/30/43		MYR	3,095		804,561
Malaysia Government Investment Issue
4.07%, 09/30/26		MYR	13,966		3,537,577

					14,900,990
MEXICO — 9.63%
Mexican Bonos
5.00%, 12/11/19		MXN	78,627		4,047,425
5.75%, 03/05/26		MXN	34,362		1,645,610
6.50%, 06/10/21		MXN	97,620		5,097,238
6.50%, 06/09/22		MXN	40,209		2,083,091
7.50%, 06/03/27		MXN	135,639		7,231,314
7.75%, 05/29/31		MXN	19,399		1,046,488
7.75%, 11/13/42		MXN	51,924		2,769,658
8.00%, 06/11/20		MXN	18,742		1,019,511
8.00%, 12/07/23		MXN	9,446		519,610
8.00%, 11/07/47		MXN	5,749		314,524
8.50%, 11/18/38		MXN	20,225		1,163,958
10.00%, 12/05/24		MXN	45,516		2,771,056
10.00%, 11/20/36		MXN	49,004		3,209,557

					32,919,040
PERU — 4.36%
Peru Government Bond
5.70%, 08/12/24		PEN	1,545		530,493
6.15%, 08/12/32^c		PEN	700		241,146
6.35%, 08/12/28		PEN	4,200		1,480,015
6.90%, 08/12/37		PEN	3,971		1,443,841
6.95%, 08/12/31		PEN	11,900		4,396,955
8.20%, 08/12/26		PEN	17,317		6,817,476

					14,909,926
POLAND — 7.82%
Republic of Poland Government Bond
0.00%, 04/25/19^a		PLN	1,153		340,225
1.50%, 04/25/20		PLN	13,010		3,883,869
1.75%, 07/25/21		PLN	10,836		3,194,217
2.50%, 07/25/26		PLN	9,991		2,816,501
2.50%, 07/25/27		PLN	7,300		2,024,489
3.25%, 07/25/19		PLN	4,877		1,500,714
3.25%, 07/25/25		PLN	7,440		2,240,261
4.00%, 10/25/23		PLN	6,866		2,178,382
5.25%, 10/25/20		PLN	3,121		1,018,395
5.50%, 10/25/19		PLN	3,477		1,113,064
5.75%, 10/25/21		PLN	5,900		1,985,217
5.75%, 09/23/22		PLN	13,078		4,458,930

					26,754,264


Security	Principal (000s)			Value
ROMANIA — 4.35%
Romania Government Bond
3.25%, 03/22/21		RON	16,475	$	4,380,341
3.50%, 12/19/22		RON	19,645		5,137,223
4.75%, 06/24/19		RON	7,115		1,955,698
5.80%, 07/26/27		RON	3,750		1,103,404
5.85%, 04/26/23		RON	7,390		2,138,721
5.95%, 06/11/21		RON	600		172,532

					14,887,919
RUSSIA — 4.69%
Russian Federal Bond — OFZ
6.70%, 05/15/19		RUB	45,757		812,743
6.80%, 12/11/19		RUB	35,559		632,976
7.00%, 01/25/23		RUB	300,246		5,374,532
7.05%, 01/19/28		RUB	90,908		1,607,565
7.50%, 08/18/21		RUB	75,350		1,368,952
7.60%, 04/14/21		RUB	93,910		1,713,291
7.70%, 03/23/33		RUB	24,000		438,589
8.15%, 02/03/27		RUB	155,934		2,973,669
8.50%, 09/17/31		RUB	58,000		1,135,111

					16,057,428
SOUTH AFRICA — 7.47%
Republic of South Africa Government Bond
6.25%, 03/31/36		ZAR	17,469		1,072,771
6.50%, 02/28/41		ZAR	18,685		1,130,441
6.75%, 03/31/21		ZAR	1,000		82,807
7.00%, 02/28/31		ZAR	10,000		710,792
7.75%, 02/28/23		ZAR	17,200		1,448,320
8.00%, 01/31/30		ZAR	117,821		9,214,854
8.50%, 01/31/37		ZAR	26,080		2,008,647
8.75%, 01/31/44		ZAR	20,000		1,547,666
8.75%, 02/28/48		ZAR	13,832		1,070,922
8.88%, 02/28/35		ZAR	35,000		2,820,631
10.50%, 12/21/26		ZAR	46,950		4,447,993

					25,555,844
THAILAND — 4.69%
Thailand Government Bond
2.55%, 06/26/20		THB	46,775		1,531,333
3.40%, 06/17/36		THB	21,600		733,066
3.58%, 12/17/27		THB	4,628		160,799
3.63%, 06/16/23		THB	58,228		2,024,081
3.65%, 12/17/21		THB	94,290		3,235,472
3.78%, 06/25/32		THB	13,638		481,702
3.85%, 12/12/25		THB	52,949		1,887,452
3.88%, 06/13/19		THB	36,250		1,197,628
4.26%, 12/12/37^b		THB	970		36,077
4.88%, 06/22/29		THB	121,330		4,745,037

					16,032,647
TURKEY — 4.29%
Turkey Government Bond
8.00%, 03/12/25		TRY	2,652		589,595


26

Schedule of Investments (Unaudited) (Continued)

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

January 31, 2018


Security	Principal or Shares (000s)			Value
8.50%, 07/10/19		TRY	3,219	$	811,314
8.50%, 09/14/22		TRY	6,549		1,558,953
8.80%, 09/27/23		TRY	9,230		2,188,546
9.00%, 07/24/24		TRY	6,929		1,646,640
9.50%, 01/12/22		TRY	12,780		3,165,702
10.50%, 01/15/20		TRY	4,503		1,158,039
10.50%, 08/11/27		TRY	2,446		617,648
10.60%, 02/11/26		TRY	3,000		762,116
10.70%, 02/17/21		TRY	4,700		1,203,377
11.00%, 02/24/27		TRY	3,700		954,639

					14,656,569
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost: $317,872,977)					327,778,650

SHORT-TERM INVESTMENTS — 2.95%

MONEY MARKET FUNDS — 2.95%
BlackRock Cash Funds: Treasury, SL Agency Shares
1.28%^d,e			10,075		10,075,235

					10,075,235


TOTAL SHORT-TERM INVESTMENTS (Cost: $10,075,235)					10,075,235


TOTAL INVESTMENTS IN SECURITIES — 98.79% (Cost: $327,948,212)					337,853,885
Other Assets, Less Liabilities — 1.21%					4,136,278

NET ASSETS — 100.00%				$	341,990,163

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

PLN — Polish Zloty

RON — Romanian Leu

RUB — New Russian Ruble

THB — Thai Baht

TRY — Turkish Lira

ZAR — South African Rand

^a	Represents a zero-coupon bond

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

^c	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^d	Affiliate of the Fund.

^e	Annualized 7-day yield as of period end.

Affiliates


Affiliated issuer	Shares held at 10/31/17 (000s)		Shares purchased (000s)		Shares sold (000s)		Shares held at 01/31/18 (000s)		Value at 01/31/18		Income		Net realized gain (loss)		Change in unrealized appreciation (depreciation)
BlackRock Cash Funds: Treasury, SL Agency Shares		490		9,585^a		—		10,075	$	10,075,235	$	886	$	—	$	—

Net of purchases and sales.

Fair Value Measurements


	Level 1		Level 2		Level 3		Total
Investments
Assets
Foreign government obligations	$	—	$	327,778,650	$	—	$	327,778,650
Money market funds		10,075,235		—		—		10,075,235

Total	$	10,075,235	$	327,778,650	$	—	$	337,853,885


			27

Schedule of Investments (Unaudited)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
CORPORATE BONDS & NOTES — 97.43%

AUSTRALIA — 0.17%
FMG Resources August 2006 Pty Ltd.
4.75%, 05/15/22 (Call 02/15/22)^a		USD	130	$	131,787
5.13%, 05/15/24 (Call 02/15/24)^a,b		USD	135		136,519
Origin Energy Finance Ltd. (5 year EUR Swap + 3.670%)
4.00%, 09/16/74 (Call 09/16/19)^c^,d		EUR	100		130,494

					398,800
AUSTRIA — 0.09%
Raiffeisenlandesbank Niederoesterreich-Wien AG
5.88%, 11/27/23^d		EUR	100		148,164
Wienerberger AG (5 year EUR Swap + 5.950%)
5.00%, (Call 02/09/21)^c,e		EUR	50		67,402

					215,566
BELGIUM — 0.32%
Barry Callebaut Services NV
5.63%, 06/15/21^d		EUR	100		145,911
Ethias SA
5.00%, 01/14/26^d		EUR	100		145,887
Nyrstar Netherlands Holdings BV
8.50%, 09/15/19^d		EUR	100		138,227
Telenet Finance Luxembourg Note
5.50%, 03/01/28 (Call 12/01/22)^a		USD	200		196,694
Telenet Finance Luxembourg Notes Sarl
3.50%, 03/01/28 (Call 12/01/22)^d		EUR	100		122,692

					749,411
BERMUDA — 0.07%
Weatherford International Ltd.
9.88%, 02/15/24 (Call 11/15/23)^b		USD	150		163,500

					163,500
CANADA — 3.28%
1011778 BC ULC/New Red Finance Inc.
4.25%, 05/15/24 (Call 05/15/20)^a,b		USD	300		294,750
4.63%, 01/15/22 (Call 02/28/18)^a		USD	225		229,781
5.00%, 10/15/25 (Call 10/15/20)^a		USD	525		525,154
Air Canada
4.75%, 10/06/23 (Call 02/28/18)^a		CAD	25		21,036
7.75%, 04/15/21^a		USD	75		84,348
Baytex Energy Corp.
6.63%, 07/19/22 (Call 02/28/18)		CAD	50		39,980
Bombardier Inc.
5.75%, 03/15/22^a		USD	150		150,388
6.00%, 10/15/22 (Call 02/28/18)^a,b		USD	200		199,500
6.13%, 05/15/21^d		EUR	100		136,202
6.13%, 01/15/23^a		USD	225		227,531


Security	Principal (000s)			Value
7.50%, 12/01/24 (Call 12/01/20)^a		USD	185	$	193,959
7.50%, 03/15/25 (Call 03/15/20)^a,b		USD	275		286,687
7.75%, 03/15/20^a		USD	175		188,557
8.75%, 12/01/21^a		USD	250		278,038
Brookfield Residential Properties Inc.
6.13%, 05/15/23 (Call 05/15/18)^a		CAD	50		42,474
6.50%, 12/15/20 (Call 02/28/18)^a		USD	50		50,960
Brookfield Residential Properties Inc./Brookfield Residential U.S. Corp.
6.13%, 07/01/22 (Call 02/28/18)^a		USD	75		77,978
Cascades Inc.
5.50%, 07/15/21 (Call 02/28/18)^a		CAD	25		21,032
Concordia International Corp.
9.50%, 10/21/22 (Call 12/15/18)^a^,f		USD	48		4,560
Cott Corp.
5.50%, 07/01/24 (Call 07/01/19)^d		EUR	100		134,441
Cott Holdings Inc.
5.50%, 04/01/25 (Call 04/01/20)^a		USD	125		127,285
Crew Energy Inc.
6.50%, 03/14/24 (Call 03/14/20)^a		CAD	50		39,114
Gibson Energy Inc.
5.38%, 07/15/22 (Call 02/28/18)^a		CAD	50		41,532
Great Canadian Gaming Corp.
6.63%, 07/25/22 (Call 02/28/18)^a		CAD	50		42,135
Iron Mountain Canada Operations ULC
5.38%, 09/15/23 (Call 09/15/19)^a		CAD	25		21,116
Jupiter Resources Inc.
8.50%, 10/01/22 (Call 02/28/18)^a		USD	200		121,304
Kinross Gold Corp.
4.50%, 07/15/27 (Call 04/15/27)^a		USD	105		106,050
5.13%, 09/01/21 (Call 06/01/21)		USD	50		52,203
5.95%, 03/15/24 (Call 12/15/23)^b		USD	105		115,382
MEG Energy Corp.
6.38%, 01/30/23 (Call 02/28/18)^a		USD	150		129,650
6.50%, 01/15/25 (Call 01/15/20)^a,b		USD	125		122,214
7.00%, 03/31/24 (Call 09/30/18)^a		USD	200		173,250
Newalta Corp. Series 2
7.75%, 11/14/19 (Call 02/28/18)		CAD	22		16,749
NOVA Chemicals Corp.
4.88%, 06/01/24 (Call 03/03/24)^a,b		USD	165		166,237
5.00%, 05/01/25 (Call 01/31/25)^a,b		USD	100		101,000
5.25%, 08/01/23 (Call 08/01/18)^a		USD	125		128,488
5.25%, 06/01/27 (Call 03/03/27)^a		USD	225		224,437
Open Text Corp.
5.63%, 01/15/23 (Call 02/28/18)^a		USD	150		156,187
5.88%, 06/01/26 (Call 06/01/21)^a		USD	180		190,342
Parkland Fuel Corp.
5.63%, 05/09/25 (Call 05/09/20)		CAD	100		82,528
5.75%, 09/16/24 (Call 09/16/19)		CAD	50		41,735
5.75%, 09/16/24 (Call 09/16/19)^a		CAD	25		20,868
6.00%, 11/21/22 (Call 02/28/18)		CAD	50		42,470
Postmedia Network Inc.
8.25%, 07/15/21 (Call 02/28/18)^a		CAD	1		461
Precision Drilling Corp.
5.25%, 11/15/24 (Call 05/15/19)^b		USD	75		73,125
7.13%, 01/15/26 (Call 11/15/20)^a		USD	80		83,200


28

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
Quebecor Media Inc.
5.75%, 01/15/23^b		USD	225	$	237,937
6.63%, 01/15/23^a		CAD	160		142,740
Russel Metals Inc.
6.00%, 04/19/22 (Call 02/28/18)^a		CAD	25		20,855
Seven Generations Energy Ltd.
5.38%, 09/30/25 (Call 09/30/20)^a		USD	110		111,238
6.75%, 05/01/23 (Call 05/01/18)^a		USD	75		79,320
6.88%, 06/30/23 (Call 06/30/18)^a,b		USD	125		133,125
Superior Plus LP
5.25%, 02/27/24 (Call 02/27/20)		CAD	50		41,437
6.50%, 12/09/21 (Call 02/28/18)		CAD	25		21,401
Teck Resources Ltd.
3.75%, 02/01/23 (Call 11/01/22)^b		USD	125		125,029
4.75%, 01/15/22 (Call 10/15/21)		USD	150		155,063
8.50%, 06/01/24 (Call 06/01/19)^a		USD	100		112,499
Trilogy Energy Corp.
7.25%, 12/13/19 (Call 02/28/18)		CAD	25		20,658
Valeant Pharmaceuticals International Inc.
5.63%, 12/01/21 (Call 02/28/18)^a		USD	175		168,227
7.50%, 07/15/21 (Call 02/28/18)^a		USD	300		301,875
Videotron Ltd.
5.00%, 07/15/22		USD	125		130,469
5.13%, 04/15/27 (Call 04/15/22)^a		USD	135		140,063
5.38%, 06/15/24 (Call 03/15/24)^a		USD	50		53,213
5.63%, 06/15/25 (Call 03/15/25)		CAD	50		43,480
5.75%, 01/15/26 (Call 09/15/20)^d		CAD	75		64,877

					7,709,924
CAYMAN ISLANDS — 0.14%
Noble Holding International Ltd.
7.88%, 02/01/26 (Call 02/01/21)^a		USD	135		137,194
UPCB Finance VII Ltd.
3.63%, 06/15/29 (Call 06/15/22)^d		EUR	150		183,819

					321,013
DENMARK — 0.16%
Nassa Topco AS
2.88%, 04/06/24 (Call 01/06/24)^d		EUR	100		126,081
Norican A/S
4.50%, 05/15/23 (Call 11/15/19)^d		EUR	100		122,130
TDC A/S (5 year EUR Swap + 3.110%)
3.50%, 02/26/49 (Call 02/26/21)^c^,d		EUR	100		130,515

					378,726
FINLAND — 0.46%
Nokia OYJ
1.00%, 03/15/21 (Call 02/15/21)^d		EUR	100		125,011
2.00%, 03/15/24 (Call 12/15/23)^d		EUR	125		157,441
3.38%, 06/12/22		USD	125		122,387
4.38%, 06/12/27		USD	80		77,780
5.38%, 05/15/19		USD	73		75,114
Stora Enso OYJ
2.13%, 06/16/23 (Call 03/16/23)^d		EUR	100		130,741
Teollisuuden Voima OYJ
2.13%, 02/04/25 (Call 11/04/24)^d		EUR	100		123,030
2.50%, 03/17/21^d		EUR	100		129,953
2.63%, 01/13/23^d		EUR	100		129,539

					1,070,996


Security	Principal (000s)			Value
FRANCE — 3.93%
Autodis SA
4.38%, 05/01/22 (Call 05/01/18)^d		EUR	100	$	127,863
Banijay Group SAS
4.00%, 07/01/22 (Call 07/01/19)^d		EUR	100		129,762
Burger King France SAS
6.00%, 05/01/24 (Call 05/01/20)^d		EUR	100		133,707
Casino Guichard Perrachon SA
1.87%, 06/13/22 (Call 03/13/22)^d		EUR	100		126,302
3.58%, 02/07/25 (Call 11/07/24)^d		EUR	100		130,214
4.05%, 08/05/26 (Call 05/05/26)^d		EUR	100		133,756
4.50%, 03/07/24 (Call 12/07/23)^d		EUR	200		275,978
4.56%, 01/25/23^d		EUR	100		140,011
5.24%, 03/09/20		EUR	100		137,087
5.98%, 05/26/21^d		EUR	200		288,586
CMA CGM SA
5.25%, 01/15/25 (Call 10/15/20)^d		EUR	200		240,116
6.50%, 07/15/22 (Call 07/15/19)^d		EUR	200		261,490
ContourGlobal Power Holdings SA
5.13%, 06/15/21 (Call 06/15/18)^d		EUR	100		129,008
Elis SA
3.00%, 04/30/22 (Call 04/30/18)^d		EUR	100		126,715
Europcar Groupe SA
4.13%, 11/15/24 (Call 11/15/20)^d		EUR	100		126,170
5.75%, 06/15/22 (Call 06/15/18)^d		EUR	100		129,886
Faurecia
3.13%, 06/15/22 (Call 06/13/18)^d		EUR	100		127,443
3.63%, 06/15/23 (Call 06/15/19)^d		EUR	100		130,719
Fnac Darty SA
3.25%, 09/30/23 (Call 09/30/19)^d		EUR	100		130,378
La Financiere Atalian SAS
4.00%, 05/15/24 (Call 05/15/20)^d		EUR	100		129,832
Loxam SAS
4.88%, 07/23/21 (Call 02/28/18)^d		EUR	73		92,932
6.00%, 04/15/25 (Call 04/15/20)^d		EUR	100		135,561
Mobilux Finance SAS
5.50%, 11/15/24 (Call 11/15/19)^d		EUR	100		131,591
Nexans SA
3.25%, 05/26/21 (Call 02/26/21)^d		EUR	100		133,677
Novafives SAS
4.50%, 06/30/21 (Call 06/30/18)^d		EUR	100		126,696
Orano SA
3.13%, 03/20/23 (Call 12/20/22)^d		EUR	300		393,439
3.25%, 09/04/20^d		EUR	100		131,691
3.50%, 03/22/21		EUR	200		266,383
4.88%, 09/23/24		EUR	100		141,008
Paprec Holding
5.25%, 04/01/22 (Call 04/01/18)^d		EUR	125		160,500
Peugeot SA
2.00%, 03/23/24^d		EUR	100		126,667
2.38%, 04/14/23^d		EUR	100		131,695
6.50%, 01/18/19^d		EUR	100		132,170


			29

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
Rexel SA
2.63%, 06/15/24 (Call 03/15/20)^d		EUR	125	$	160,228
3.50%, 06/15/23 (Call 06/15/19)^d		EUR	100		130,665
SASU Newco SAB 20 SAS
4.25%, 09/30/24 (Call 09/30/20)^d		EUR	100		123,545
SFR Group SA
5.38%, 05/15/22 (Call 03/15/18)^d		EUR	200		254,378
5.63%, 05/15/24 (Call 05/15/19)^d		EUR	200		253,576
6.00%, 05/15/22 (Call 02/28/18)^a		USD	800		784,000
6.25%, 05/15/24 (Call 05/15/19)^a		USD	200		190,762
7.38%, 05/01/26 (Call 05/01/21)^a,b		USD	1,000		985,000
SPCM SA
2.88%, 06/15/23 (Call 06/15/18)^d		EUR	100		126,207
SPIE SA
3.13%, 03/22/24 (Call 09/22/23)^d		EUR	100		130,502
Synlab Bondco PLC
6.25%, 07/01/22 (Call 07/01/18)^d		EUR	150		195,839
Tereos Finance Groupe I SA
4.13%, 06/16/23 (Call 03/16/23)^d		EUR	100		130,119
Vallourec SA
2.25%, 09/30/24^d		EUR	100		109,027
3.25%, 08/02/19^d		EUR	100		129,504
Verallia Packaging SASU
5.13%, 08/01/22 (Call 08/01/18)^d		EUR	100		129,466
WFS Global Holding SAS
9.50%, 07/15/22 (Call 07/15/18)^d		EUR	100		132,725

					9,224,576
GERMANY — 3.47%
Adler Pelzer Holding GmbH
4.13%, 04/01/24 (Call 04/01/20)^d		EUR	100		128,946
ADLER Real Estate AG
1.50%, 12/06/21 (Call 11/06/21)^d		EUR	200		251,160
Bilfinger SE
2.38%, 12/07/19^d		EUR	100		128,457
BMBG Bond Finance SCA
3.00%, 06/15/21 (Call 06/15/18)^d		EUR	100		126,854
CBR Fashion Finance BV
5.13%, 10/01/22 (Call 10/01/19)^d		EUR	100		117,171
CTC BondCo GmbH
5.25%, 12/15/25 (Call 12/15/20)^d		EUR	100		124,569
DEMIRE Deutsche Mittelstand Real Estate AG
2.88%, 07/15/22 (Call 07/15/19)^d		EUR	100		127,772
Deutsche Bank AG
2.75%, 02/17/25^d		EUR	200		255,820
4.50%, 05/19/26		EUR	100		142,771
(5 year USD Swap + 2.248%)
4.30%, 05/24/28 (Call 05/24/23)^c		USD	300		294,813
Deutsche Bank AG/New York NY (5 year USD ICE Swap + 2.553%)
4.88%, 12/01/32 (Call 12/01/27)^c		USD	200		196,584
Deutsche Lufthansa AG (5 year EUR Swap + 4.783%)
5.13%, 08/12/75 (Call 02/12/21)^c^,d		EUR	100		137,323
Douglas GmbH
6.25%, 07/15/22 (Call 07/15/18)^d		EUR	100		130,754
Hapag-Lloyd AG
5.13%, 07/15/24 (Call 07/15/20)^d		EUR	100		128,334
6.75%, 02/01/22 (Call 02/01/19)^d		EUR	100		131,954


Security	Principal (000s)			Value
K+S AG
2.63%, 04/06/23 (Call 01/06/23)^d		EUR	100	$	129,768
3.00%, 06/20/22^d		EUR	100		132,732
4.13%, 12/06/21^d		EUR	100		137,700
Kronos International Inc.
3.75%, 09/15/25 (Call 09/15/20)^d		EUR	100		128,344
LANXESS AG (5 year EUR Swap + 4.510%)
4.50%, 12/06/76 (Call 06/06/23)^c^,d		EUR	100		138,230
METRO AG
1.50%, 03/19/25^d		EUR	100		123,468
Nidda Healthcare Holding GmbH
3.50%, 09/30/24 (Call 09/30/20)^d		EUR	100		125,541
Norddeutsche Landesbank Girozentrale
6.00%, 06/29/20		EUR	50		67,981
Nordex SE
6.50%, 02/01/23 (Call 02/01/20)^d		EUR	125		154,598
Phoenix PIB Dutch Finance BV
3.13%, 05/27/20^d		EUR	100		130,984
Platin 1426 GmbH
5.38%, 06/15/23 (Call 12/15/19)^d		EUR	100		124,566
PrestigeBidCo GmbH
6.25%, 12/15/23 (Call 12/15/19)^d		EUR	100		132,288
ProGroup AG
5.13%, 05/01/22 (Call 05/01/18)^d		EUR	100		128,590
Raffinerie Heide GmbH
6.38%, 12/01/22 (Call 12/01/19)^d		EUR	100		126,693
RWE AG (5 year EUR Swap + 2.643%)
2.75%, 04/21/75 (Call 10/21/20)^c^,d		EUR	100		129,576
(5 year EUR Swap + 3.245%)
3.50%, 04/21/75 (Call 04/21/25)^c^,d		EUR	100		131,921
Safari Holding Verwaltungs GmbH
5.38%, 11/30/22 (Call 12/15/19)^d		EUR	100		126,632
Senvion Holding GmbH
3.88%, 10/25/22 (Call 05/01/19)^d		EUR	100		116,478
thyssenkrupp AG
1.38%, 03/03/22 (Call 12/03/21)^d		EUR	350		443,656
1.75%, 11/25/20 (Call 08/25/20)^d		EUR	100		128,987
2.50%, 02/25/25^d		EUR	100		134,221
2.75%, 03/08/21 (Call 12/08/20)^d		EUR	400		529,414
TUI AG
2.13%, 10/26/21 (Call 07/26/21)^d		EUR	100		130,385
Unitymedia GmbH
3.75%, 01/15/27 (Call 01/15/21)^d		EUR	100		126,965
6.13%, 01/15/25 (Call 01/15/20)^a		USD	200		210,450
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
3.50%, 01/15/27 (Call 01/15/21)^d		EUR	100		129,420
4.00%, 01/15/25 (Call 01/15/20)^d		EUR	200		263,056
4.63%, 02/15/26 (Call 02/15/21)^d		EUR	100		135,467
5.63%, 04/15/23 (Call 04/15/18)^d		EUR	70		90,439
WEPA Hygieneprodukte GmbH
3.75%, 05/15/24 (Call 05/15/19)^d		EUR	100		128,040
ZF North America Capital Inc.
2.25%, 04/26/19^d		EUR	200		255,165
2.75%, 04/27/23^d		EUR	200		269,262
4.00%, 04/29/20^a		USD	150		151,897
4.75%, 04/29/25^a		USD	300		309,365

					8,145,561


30

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
GREECE — 0.33%
Intralot Capital Luxembourg SA
5.25%, 09/15/24 (Call 09/15/20)^d		EUR	100	$	126,135
6.75%, 09/15/21 (Call 09/15/18)^d		EUR	100		132,588
OTE PLC
3.50%, 07/09/20^d		EUR	200		265,145
Public Power Corp Finance PLC
5.50%, 05/01/19 (Call 03/15/18)^d		EUR	100		124,737
Titan Global Finance PLC
3.50%, 06/17/21^d		EUR	100		132,323

					780,928
HONG KONG — 0.05%
Noble Group Ltd.
6.75%, 01/29/20^a		USD	200		106,750

					106,750
IRELAND — 1.55%
Allied Irish Banks PLC (5 year EUR Swap + 3.950%)
4.13%, 11/26/25 (Call 11/26/20)^c^,d		EUR	100		135,678
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
2.75%, 03/15/24 (Call 03/15/20)^d		EUR	150		191,996
4.13%, 05/15/23 (Call 05/15/19)^d		EUR	100		131,634
4.25%, 09/15/22 (Call 03/15/19)^a		USD	200		201,750
4.63%, 05/15/23 (Call 05/15/19)^a		USD	200		202,235
4.75%, 07/15/27 (Call 07/15/22)^d		GBP	100		143,118
6.00%, 02/15/25 (Call 02/15/20)^a,b		USD	200		207,250
6.75%, 05/15/24 (Call 05/15/19)^d		EUR	100		136,576
7.25%, 05/15/24 (Call 05/15/19)^a,b		USD	400		429,686
Bank of Ireland (5 year EUR Swap + 3.550%)
4.25%, 06/11/24 (Call 06/11/19)^c^,d		EUR	200		261,874
Bank of Ireland Group PLC (5 year EUR Swap + 3.550%)
3.13%, 09/19/27 (Call 09/19/22)^c^,d		GBP	100		143,116
C&W Senior Financing DAC
6.88%, 09/15/27 (Call 09/15/22)^a		USD	200		210,650
eircom Finance DAC
4.50%, 05/31/22 (Call 05/31/18)^d		EUR	100		127,981
Park Aerospace Holdings Ltd.
4.50%, 03/15/23 (Call 02/15/23)^a		USD	155		148,080
5.25%, 08/15/22^a,b		USD	310		306,125
5.50%, 02/15/24^a		USD	260		257,400
Smurfit Kappa Acquisitions ULC
2.38%, 02/01/24 (Call 11/01/23)^d		EUR	100		129,906
3.25%, 06/01/21 (Call 03/10/21)^d		EUR	100		134,269
4.13%, 01/30/20^d		EUR	100		133,691

					3,633,015


Security	Principal (000s)			Value
ITALY — 5.76%
Autostrada Brescia Verona Vicenza Padova SpA
2.38%, 03/20/20^d		EUR	100	$	130,211
Banca IFIS SpA (5 Year EUR Swap + 4.2510%)
4.50%, 10/17/27 (Call 10/17/22)^c^,d		EUR	100		127,682
Banca Monte dei Paschi di Siena SpA
3.63%, 04/01/19^d		EUR	100		128,343
(5 year EUR Swap + 5.005%)
5.38%, 01/18/28 (Call 01/18/23)^c^,d		EUR	100		126,315
Banco BPM SpA
2.75%, 07/27/20^d		EUR	200		259,814
3.50%, 03/14/19^d		EUR	300		385,619
6.00%, 11/05/20^d		EUR	100		134,784
7.13%, 03/01/21^d		EUR	100		137,330
(5 year EUR Swap + 4.179%)
4.38%, 09/21/27 (Call 09/21/22)^c^,d		EUR	175		222,944
BPER Banca (5 year EUR Swap + 4.910%)
5.13%, 05/31/27 (Call 05/31/22)^c^,d		EUR	100		131,427
Buzzi Unicem SpA
2.13%, 04/28/23 (Call 01/28/23)^d		EUR	100		130,817
CMF SpA
9.00%, 06/15/22 (Call 06/15/20)^d		EUR	100		126,048
Cooperativa Muratori & Cementisti-CMC di Ravenna SC
6.00%, 02/15/23 (Call 11/15/19)^d		EUR	100		123,262
6.88%, 08/01/22 (Call 08/01/19)^d		EUR	100		126,903
EVOCA SpA
7.00%, 10/15/23 (Call 10/15/19)^d		EUR	100		133,768
Fiat Chrysler Finance Europe SA
4.75%, 03/22/21^d		EUR	300		416,471
4.75%, 07/15/22^d		EUR	200		283,515
6.75%, 10/14/19^d		EUR	200		275,544
Iccrea Banca SpA
1.50%, 02/21/20^d		EUR	100		125,432
1.50%, 10/11/22^d		EUR	150		184,807
1.88%, 11/25/19^d		EUR	100		126,586
International Game Technology PLC
4.13%, 02/15/20 (Call 11/15/19)^d		EUR	100		131,948
4.75%, 02/15/23 (Call 08/15/22)^d		EUR	100		139,795
5.63%, 02/15/20 (Call 11/15/19)^a		USD	200		207,459
Intesa Sanpaolo SpA
2.86%, 04/23/25^d		EUR	100		129,256
3.93%, 09/15/26^d			200		276,478
5.00%, 09/23/19^d		EUR	150		200,869
5.15%, 07/16/20		EUR	300		415,147
6.63%, 09/13/23^d		EUR	200		314,032
Leonardo SpA
1.50%, 06/07/24 (Call 03/07/24)^d		EUR	150		185,588
4.50%, 01/19/21		EUR	100		138,870
5.25%, 01/21/22		EUR	100		145,440
8.00%, 12/16/19		GBP	100		159,366
Mediobanca Banca di Credito Finanziario SpA
5.00%, 11/15/20		EUR	200		277,482
5.75%, 04/18/23		EUR	100		146,049


			31

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
Saipem Finance International BV
2.75%, 04/05/22^d		EUR	100	$	129,084
3.00%, 03/08/21^d		EUR	100		131,362
3.75%, 09/08/23^d		EUR	100		134,000
Salini Impregilo SpA
1.75%, 10/26/24^d		EUR	100		116,917
3.75%, 06/24/21^d		EUR	100		134,556
Sisal Group SpA
7.00%, 07/31/23 (Call 07/31/19)^d		EUR	100		129,695
Snaitech SpA
6.38%, 11/07/21 (Call 11/07/18)^d		EUR	100		133,397
Societa Cattolica di Assicurazioni SC (3 mo. Euribor + 4.455%)
4.25%, 12/14/47 (Call 12/14/27)^c^,d		EUR	100		129,384
Telecom Italia Capital SA
7.18%, 06/18/19		USD	150		158,785
Telecom Italia SpA
2.38%, 10/12/27 (Call 07/12/27)^d		EUR	200		249,533
4.00%, 01/21/20^d		EUR	200		267,564
4.88%, 09/25/20^d		EUR	100		139,333
5.25%, 02/10/22^d		EUR	150		220,098
Telecom Italia SpA/Milano
2.50%, 07/19/23^d		EUR	400		525,262
3.00%, 09/30/25^d		EUR	200		265,691
3.25%, 01/16/23^d		EUR	100		136,460
3.63%, 01/19/24^d		EUR	100		138,723
3.63%, 05/25/26^d		EUR	200		277,245
4.50%, 01/25/21^d		EUR	100		139,377
5.30%, 05/30/24^a		USD	200		211,500
6.38%, 06/24/19		GBP	100		151,923
UniCredit SpA
6.95%, 10/31/22^d		EUR	300		464,444
(5 year EUR Swap + 4.100%)
5.75%, 10/28/25 (Call 10/28/20)^c^,d		EUR	300		418,456
(5 year EUR Swap + 4.316%)
4.38%, 01/03/27 (Call 01/03/22)^c,^d		EUR	100		137,494
(5 year USD ICE Swap + 3.703%)
5.86%, 06/19/32 (Call 06/19/27)^a,b,c		USD	200		212,796
Unione di Banche Italiane SpA
(5 year EUR Swap + 4.182%)
4.25%, 05/05/26 (Call 05/05/21)^c,^d		EUR	100		130,833
(5 year EUR Swap + 4.240%)
4.45%, 09/15/27 (Call 09/15/22)^c,^d		EUR	100		132,026
Unipol Gruppo SpA
3.00%, 03/18/25^d		EUR	115		144,910
3.50%, 11/29/27 (Call 08/29/27)^d		EUR	100		125,780
4.38%, 03/05/21^d		EUR	100		136,829
Wind Tre SpA
2.63%, 01/20/23 (Call 11/03/19)^d		EUR	300		347,050
3.13%, 01/20/25 (Call 11/03/20)^d		EUR	300		343,541
5.00%, 01/20/26 (Call 11/03/20)^a,b		USD	350		318,062

					13,537,511
JAPAN — 0.66%
SoftBank Group Corp.
3.13%, 09/19/25 (Call 06/21/25)^d		EUR	250		307,121
4.00%, 07/30/22 (Call 04/30/22)^d		EUR	200		272,095
4.00%, 09/19/29 (Call 06/21/29)^d		EUR	125		151,564
4.50%, 04/15/20^a		USD	400		406,520


Security	Principal (000s)			Value
4.75%, 07/30/25 (Call 04/30/25)^d		EUR	200	$	270,668
5.25%, 07/30/27 (Call 04/30/27)^d		EUR	100		137,982

					1,545,950
LUXEMBOURG — 3.14%
Altice Financing SA
5.25%, 02/15/23 (Call 02/28/18)^d		EUR	100		128,775
6.63%, 02/15/23 (Call 02/28/18)^a		USD	400		405,263
7.50%, 05/15/26 (Call 05/15/21)^a		USD	600		623,946
Altice Finco SA
4.75%, 01/15/28 (Call 10/15/22)^d		EUR	100		113,558
9.00%, 06/15/23 (Call 06/15/18)^d		EUR	100		132,139
Altice Luxembourg SA
6.25%, 02/15/25 (Call 02/15/20)^d		EUR	100		121,569
7.25%, 05/15/22 (Call 02/28/18)^d		EUR	400		488,583
7.63%, 02/15/25 (Call 02/15/20)^a,b		USD	200		183,334
7.75%, 05/15/22 (Call 02/28/18)^a		USD	600		574,062
ArcelorMittal
0.95%, 01/17/23 (Call 10/17/22)^d		EUR	100		123,610
2.88%, 07/06/20^d		EUR	100		132,331
3.13%, 01/14/22^d		EUR	300		407,278
5.25%, 08/05/20		USD	150		158,250
5.50%, 03/01/21		USD	150		160,587
6.13%, 06/01/25^b		USD	75		85,500
6.25%, 02/25/22		USD	100		110,705
Arena Luxembourg Finance Sarl
2.88%, 11/01/24 (Call 11/01/20)^d		EUR	100		127,894
DEA Finance SA
7.50%, 10/15/22 (Call 04/15/19)^d		EUR	100		136,821
Garfunkelux Holdco 3 SA
8.50%, 11/01/22 (Call 11/01/18)^d		GBP	100		148,035
(3mo. LIBOR GBP + 3.5000%)
3.50%, 09/01/23 (Call 09/01/18)^c^,d		EUR	125		146,926
INEOS Finance PLC
2.13%, 11/15/25 (Call 11/15/20)^d		EUR	100		120,249
INEOS Group Holdings SA
5.38%, 08/01/24 (Call 08/01/19)^d		EUR	100		131,945
Intelsat Connect Finance SA
12.50%, 04/01/22 (Call 06/01/18)^a		USD	150		114,966
Intelsat Jackson Holdings SA
5.50%, 08/01/23 (Call 08/01/18)^b		USD	400		313,500
7.25%, 10/15/20 (Call 02/28/18)		USD	450		393,188
7.50%, 04/01/21 (Call 02/28/18)		USD	200		170,115
8.00%, 02/15/24 (Call 02/15/19)^a		USD	250		262,500
9.50%, 09/30/22^a		USD	100		114,750
9.75%, 07/15/25 (Call 07/15/21)^a		USD	305		280,791
Intelsat Luxembourg SA
7.75%, 06/01/21 (Call 02/28/18)		USD	325		145,793
8.13%, 06/01/23 (Call 06/01/18)		USD	150		64,125
Matterhorn Telecom Holding SA
4.88%, 05/01/23 (Call 05/01/18)^d		EUR	100		125,509
Matterhorn Telecom SA
3.88%, 05/01/22 (Call 05/01/18)^d		EUR	100		126,586
4.00%, 11/15/27 (Call 11/15/22)^d		EUR	100		120,192
Swissport Financing Sarl
6.75%, 12/15/21 (Call 06/15/18)^d		EUR	100		129,060


32

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
Swissport Investments SA
6.75%, 12/15/21 (Call 06/15/18)^d		EUR	100	$	129,233
Telenet Finance VI Luxembourg SCA
4.88%, 07/15/27 (Call 07/15/21)^d		EUR	100		134,943

					7,386,611
NETHERLANDS — 2.11%
Atradius Finance BV (3 mo. Euribor + 5.031%)
5.25%, 09/23/44 (Call 09/23/24)^c^,d		EUR	100		147,793
Constellium NV
4.25%, 02/15/26 (Call 11/15/20)^d		EUR	100		126,809
4.63%, 05/15/21 (Call 05/15/18)^d		EUR	100		127,067
6.63%, 03/01/25 (Call 03/01/20)^a,b		USD	250		263,437
InterXion Holding NV
6.00%, 07/15/20 (Call 02/28/18)^d		EUR	100		128,271
IPD 3 BV
4.50%, 07/15/22 (Call 07/15/19)^d		EUR	100		127,974
Maxeda DIY Holding BV
6.13%, 07/15/22 (Call 07/15/19)^d		EUR	100		123,299
NXP BV/NXP Funding LLC
3.88%, 09/01/22^a		USD	200		201,568
4.13%, 06/15/20^a		USD	200		204,250
4.13%, 06/01/21^a		USD	200		204,616
4.63%, 06/01/23^a		USD	200		208,857
Nyrstar Netherlands Holdings BV
6.88%, 03/15/24 (Call 03/15/20)^d		EUR	100		132,627
Saipem Finance International BV
2.63%, 01/07/25^d		EUR	100		124,250
Samvardhana Motherson Automotive System Group BV
1.80%, 07/06/24^d		EUR	100		121,736
Sensata Technologies BV
4.88%, 10/15/23^a		USD	125		130,000
5.00%, 10/01/25^a		USD	200		207,709
5.63%, 11/01/24^a		USD	100		108,922
Steinhoff Europe AG
1.88%, 01/24/25 (Call 10/24/24)^d		EUR	100		78,198
United Group BV
4.38%, 07/01/22 (Call 07/01/19)^d		EUR	100		128,108
4.88%, 07/01/24 (Call 07/01/20)^d		EUR	100		128,336
UPC Holding BV
3.88%, 06/15/29 (Call 06/15/22)^d		EUR	100		117,774
5.50%, 01/15/28 (Call 10/15/22)^a		USD	200		192,040
UPCB Finance IV Ltd.
4.00%, 01/15/27 (Call 01/15/21)^d		EUR	100		130,691
5.38%, 01/15/25 (Call 01/15/20)^a		USD	200		204,060
Ziggo Bond Co. BV
7.13%, 05/15/24 (Call 05/15/19)^d		EUR	100		136,385
Ziggo Bond Finance BV
4.63%, 01/15/25 (Call 01/15/20)^d		EUR	100		128,370
6.00%, 01/15/27 (Call 01/15/22)^a,b		USD	150		147,750
Ziggo Secured Finance BV
3.75%, 01/15/25 (Call 01/15/20)^d		EUR	200		256,559
4.25%, 01/15/27 (Call 01/15/22)^d		EUR	100		128,077
5.50%, 01/15/27 (Call 01/15/22)^a		USD	500		496,250

					4,961,783


Security	Principal (000s)			Value
NEW ZEALAND — 0.23%
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu
5.13%, 07/15/23 (Call 07/15/19)^a		USD	345	$	355,066
7.00%, 07/15/24 (Call 07/15/19)^a,b		USD	175		186,364

					541,430
NORWAY — 0.05%
Silk Bidco AS
7.50%, 02/01/22 (Call 02/28/18)^d		EUR	100		128,949

					128,949
PORTUGAL — 0.11%
Banco Comercial Portugues SA (5 year EUR Swap + 4.267%)
4.50%, 12/07/27 (Call 12/07/22)^c^,d		EUR	100		126,075
EDP — Energias de Portugal SA (5 year EUR Swap + 5.043%)
5.38%, 09/16/75 (Call 03/16/21)^c^,d		EUR	100		139,237

					265,312
SINGAPORE — 0.28%
Lincoln Finance Ltd.
6.88%, 04/15/21 (Call 04/15/18)^d		EUR	200		259,953
Puma International Financing SA
5.13%, 10/06/24 (Call 10/06/20)^a		USD	200		203,589
6.75%, 02/01/21 (Call 02/07/18)^a		USD	200		203,335

					666,877
SPAIN — 1.62%
Banco de Sabadell SA
5.63%, 05/06/26^d		EUR	200		305,784
Bankia SA (5 year EUR Swap + 3.166%)
4.00%, 05/22/24 (Call 05/22/19)^c^,d		EUR	200		259,575
(5 year EUR Swap + 3.350%)
3.38%, 03/15/27 (Call 03/15/22)^c^,d		EUR	100		133,551
Bankinter SA (5 year EUR Swap + 2.400%)
2.50%, 04/06/27 (Call 04/06/22)^c,^d		EUR	100		129,617
CaixaBank SA (5 year EUR Swap + 2.350%)
2.75%, 07/14/28 (Call 07/14/23)^c,^d		EUR	200		260,239
(5 year EUR Swap + 3.350%)
3.50%, 02/15/27 (Call 02/15/22)^c,^d		EUR	200		268,607
Campofrio Food Group SA
3.38%, 03/15/22 (Call 03/15/18)^d		EUR	80		101,342
Cellnex Telecom SA
2.38%, 01/16/24 (Call 10/16/23)^d		EUR	100		126,924
2.88%, 04/18/25 (Call 01/18/25)^d		EUR	100		128,315
3.13%, 07/27/22^d		EUR	100		134,503


			33

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
Cirsa Funding Luxembourg SA
5.88%, 05/15/23 (Call 05/01/18)^d		EUR	100	$	129,247
Codere Finance 2 Luxembourg SA
6.75%, 11/01/21 (Call 10/31/18)^d		EUR	100		130,624
eDreams ODIGEO SA
8.50%, 08/01/21 (Call 08/01/18)^d		EUR	98		130,187
Gestamp Funding Luxembourg SA
3.50%, 05/15/23 (Call 05/15/19)^d		EUR	100		130,034
Grifols SA
3.20%, 05/01/25 (Call 05/01/20)^d		EUR	200		253,301
Grupo Antolin Dutch BV
5.13%, 06/30/22 (Call 06/30/18)^d		EUR	100		129,390
Grupo Isolux Corsan SA
0.25%, 12/30/21 (Call 03/02/18)^f,g		EUR	—		—
1.00%, 12/30/21 (Call 03/02/18)^f,g		EUR	28		527
Grupo-Antolin Irausa SA
3.25%, 04/30/24 (Call 04/30/20)^d		EUR	100		129,150
Haya Finance 2017 SA
5.25%, 11/15/22 (Call 11/15/19)^d		EUR	100		125,217
Ibercaja Banco SA (5 year EUR Swap + 4.551%)
5.00%, 07/28/25 (Call 07/28/20)^c,^d		EUR	100		132,595
Liberbank SA (5 year EUR Swap + 6.701%)
6.88%, 03/14/27 (Call 03/14/22)^c,^d		EUR	100		140,181
NH Hotel Group SA
3.75%, 10/01/23 (Call 10/01/19)^d		EUR	100		131,115
Obrascon Huarte Lain SA
4.75%, 03/15/22 (Call 03/15/18)^d		EUR	100		126,528
Repsol International Finance BV (10 year EUR Swap + 4.200%)
4.50%, 03/25/75 (Call 03/25/25)^c^,d		EUR	200		281,427

					3,817,980
SWEDEN — 0.78%
Fastighets AB Balder (5 year EUR Swap + 2.895%)
3.00%, 03/07/78 (Call 03/07/23)^c^,d		EUR	100		125,747
Intrum Justitia AB
2.75%, 07/15/22 (Call 07/15/19)^d		EUR	325		403,609
3.13%, 07/15/24 (Call 07/15/20)^d		EUR	200		245,449
Ovako AB
5.00%, 10/05/22 (Call 10/05/19)		EUR	100		127,719
Telefonaktiebolaget LM Ericsson
4.13%, 05/15/22		USD	175		175,265
Series 7Y 1.88%, 03/01/24^d		EUR	100		120,066
Unilabs Subholding AB
5.75%, 05/15/25 (Call 05/15/20)^d		EUR	100		125,792
Verisure Holding AB
6.00%, 11/01/22 (Call 11/01/18)^d		EUR	90		118,977
Verisure Midholding AB
5.75%, 12/01/23 (Call 12/01/19)^d		EUR	200		250,453
Volvo Car AB
3.25%, 05/18/21^d		EUR	100		134,930

					1,828,007


Security	Principal (000s)			Value
SWITZERLAND — 0.29%
Dufry Finance SCA Series REGS
4.50%, 08/01/23 (Call 08/01/18)^d		EUR	100	$	130,828
Dufry One BV
2.50%, 10/15/24 (Call 10/15/20)^d		EUR	125		158,820
Selecta Group BV
6.50%, 06/15/20 (Call 02/28/18)^d		EUR	100		126,690
SIG Combibloc Holdings SCA
7.75%, 02/15/23 (Call 02/28/18)^d		EUR	100		129,220
Transocean Inc.
7.50%, 01/15/26 (Call 01/15/21)^a		USD	125		130,294

					675,852
UNITED KINGDOM — 5.02%
Amigo Luxembourg SA
7.63%, 01/15/24 (Call 01/15/20)^d		GBP	100		147,765
Arqiva Broadcast Finance PLC
9.50%, 03/31/20 (Call 03/31/18)^d		GBP	100		147,009
Ashtead Capital Inc.
4.38%, 08/15/27 (Call 08/15/22)^a		USD	200		197,958
B&M European Value Retail SA
4.13%, 02/01/22 (Call 02/01/19)^d		GBP	100		147,008
Boparan Finance PLC
5.50%, 07/15/21 (Call 02/10/18)^d		GBP	100		138,617
Cabot Financial Luxembourg SA
7.50%, 10/01/23 (Call 10/01/19)^d		GBP	100		148,846
CNH Industrial Finance Europe SA
1.38%, 05/23/22 (Call 02/23/22)^d		EUR	100		127,911
1.75%, 09/12/25 (Call 06/12/25)^d		EUR	100		127,387
2.88%, 05/17/23^d		EUR	100		136,579
CNH Industrial NV
4.50%, 08/15/23		USD	75		78,007
Fiat Chrysler Automobiles NV
3.75%, 03/29/24^d		EUR	200		275,988
4.50%, 04/15/20		USD	200		204,881
5.25%, 04/15/23^b		USD	400		422,703
Heathrow Finance PLC
3.88%, 03/01/27^d		GBP	100		141,720
Iceland Bondco PLC
4.63%, 03/15/25 (Call 09/15/20)^d		GBP	100		134,444
IDH Finance PLC
6.25%, 08/15/22 (Call 08/15/18)^d		GBP	100		130,786
INEOS Finance PLC
4.00%, 05/01/23 (Call 05/01/18)^d		EUR	100		127,602
Inmarsat Finance PLC
4.88%, 05/15/22 (Call 02/28/18)^a		USD	300		297,830
International Personal Finance PLC
5.75%, 04/07/21^d		EUR	100		115,629
Jaguar Land Rover Automotive PLC
2.20%, 01/15/24^d		EUR	100		126,381
2.75%, 01/24/21^d		GBP	100		144,694
3.50%, 03/15/20 (Call 12/15/19)^a		USD	200		200,713
3.88%, 03/01/23^d		GBP	100		147,715
4.50%, 10/01/27 (Call 07/01/27)^a		USD	200		197,000


34

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
Jerrold Finco PLC
6.25%, 09/15/21 (Call 09/23/18)^d		GBP	100	$	146,345
Lecta SA
6.50%, 08/01/23 (Call 08/01/19)^d		EUR	100		130,027
Mclaren Finance PLC
5.00%, 08/01/22 (Call 08/01/19)^d		GBP	100		141,434
Merlin Entertainments PLC
2.75%, 03/15/22 (Call 12/15/21)^d		EUR	100		129,467
Miller Homes Group Holdings PLC
5.50%, 10/15/24 (Call 10/15/20)^d		GBP	100		143,042
Nemean Bondco PLC
7.38%, 02/01/24 (Call 02/01/20)^d		GBP	100		130,102
New Look Secured Issuer PLC
6.50%, 07/01/22 (Call 06/24/18)^d		GBP	100		64,703
Noble Holding International Ltd.
7.75%, 01/15/24 (Call 10/15/23)^b		USD	205		189,952
Nomad Foods Bondco PLC
3.25%, 05/15/24 (Call 05/15/20)^d		EUR	100		127,597
Ocado Group PLC
4.00%, 06/15/24 (Call 06/15/20)^d		GBP	100		143,812
Pinewood Finco PLC
3.75%, 12/01/23 (Call 12/01/19)^d		GBP	100		144,339
Pizzaexpress Financing 2 PLC
6.63%, 08/01/21 (Call 02/28/18)^d		GBP	100		134,187
Premier Foods Finance PLC
6.50%, 03/15/21 (Call 02/28/18)^d		GBP	100		144,485
Royal Bank of Scotland Group PLC
5.13%, 05/28/24		USD	500		522,039
6.00%, 12/19/23		USD	375		407,574
6.10%, 06/10/23		USD	175		190,297
6.13%, 12/15/22		USD	400		433,403
(5 year EUR Swap + 2.650%)
3.63%, 03/25/24 (Call 03/25/19)^c^,d		EUR	200		257,639
Shop Direct Funding PLC
7.75%, 11/15/22 (Call 11/15/19)^d		GBP	100		132,758
Stonegate Pub Co. Financing PLC
4.88%, 03/15/22 (Call 03/15/19)^d		GBP	150		214,369
Tesco Corporate Treasury Services PLC
1.38%, 07/01/19^d		EUR	100		126,743
2.13%, 11/12/20 (Call 08/12/20)^d		EUR	200		260,511
2.50%, 07/01/24^d		EUR	200		265,195
Tesco PLC
6.13%, 02/24/22		GBP	200		325,698
Thomas Cook Group PLC
6.25%, 06/15/22 (Call 06/15/19)^d		EUR	200		269,770
Travelex Financing PLC
8.00%, 05/15/22 (Call 05/15/20)^d		EUR	100		127,893
Travis Perkins PLC
4.38%, 09/15/21^d		GBP	100		151,776
Virgin Media Finance PLC
4.50%, 01/15/25 (Call 01/15/20)^d		EUR	100		130,464
5.75%, 01/15/25 (Call 01/15/20)^a		USD	200		201,750
6.38%, 04/15/23 (Call 04/15/18)^a		USD	200		206,500
Virgin Media Receivables Financing Notes I DAC
5.50%, 09/15/24^d			300		436,319
Virgin Media Secured Finance PLC
4.88%, 01/15/27 (Call 01/15/21)^d		GBP	100		144,685
5.00%, 04/15/27 (Call 04/15/22)^d		GBP	100		144,847
5.25%, 01/15/26 (Call 01/15/20)^a		USD	200		202,643
5.50%, 01/15/25 (Call 01/15/19)^d		GBP	90		133,451


Security	Principal (000s)			Value
5.50%, 08/15/26 (Call 08/15/21)^a		USD	200	$	205,062
6.25%, 03/28/29 (Call 01/15/21)^d		GBP	100		152,673
Viridian Group FinanceCo PLC/Viridian Power and Energy
4.00%, 09/15/25 (Call 09/15/20)^d		EUR	150		170,606
Worldpay Finance PLC
3.75%, 11/15/22 (Call 08/15/22)^d		EUR	100		136,139

					11,785,469
UNITED STATES — 63.26%
Acadia Healthcare Co. Inc.
5.63%, 02/15/23 (Call 02/28/18)		USD	150		152,205
Adient Global Holdings Ltd.
3.50%, 08/15/24 (Call 05/15/24)^d		EUR	200		256,750
ADT Corp. (The)
3.50%, 07/15/22		USD	200		195,060
4.13%, 06/15/23		USD	150		148,500
6.25%, 10/15/21		USD	175		190,422
AECOM
5.13%, 03/15/27 (Call 12/15/26)		USD	225		225,281
5.75%, 10/15/22 (Call 02/28/18)		USD	125		130,119
5.88%, 10/15/24 (Call 07/15/24)		USD	150		160,125
AES Corp./VA
4.88%, 05/15/23 (Call 05/15/18)		USD	200		204,800
5.13%, 09/01/27 (Call 09/01/22)		USD	70		73,427
5.50%, 03/15/24 (Call 03/15/19)		USD	150		155,038
5.50%, 04/15/25 (Call 04/15/20)		USD	150		156,084
6.00%, 05/15/26 (Call 05/15/21)		USD	75		80,506
7.38%, 07/01/21 (Call 06/01/21)		USD	175		194,884
Aircastle Ltd.
4.13%, 05/01/24 (Call 02/01/24)		USD	75		75,661
5.00%, 04/01/23		USD	100		104,960
5.13%, 03/15/21		USD	75		78,680
5.50%, 02/15/22		USD	100		106,416
6.25%, 12/01/19		USD	100		105,250
AK Steel Corp.
7.00%, 03/15/27 (Call 03/15/22)^b		USD	75		76,688
7.63%, 10/01/21 (Call 02/28/18)^b		USD	75		77,556
Albertsons Companies LLC/Safeway Inc./New Albertson’s Inc./Albertson’s LLC
5.75%, 03/15/25 (Call 09/15/19)		USD	270		241,650
6.63%, 06/15/24 (Call 06/15/19)^b		USD	210		199,500
Alcoa Nederland Holding BV
6.75%, 09/30/24 (Call 09/30/19)^a		USD	200		218,250
Aleris International Inc.
7.88%, 11/01/20 (Call 02/28/18)		USD	75		75,138
9.50%, 04/01/21 (Call 04/01/18)^a		USD	195		206,700
Allegheny Technologies Inc.
5.95%, 01/15/21 (Call 10/15/20)^b		USD	100		103,097
7.88%, 08/15/23 (Call 05/15/23)^b		USD	75		82,016
Allison Transmission Inc.
4.75%, 10/01/27 (Call 10/01/22)^a		USD	75		74,660
5.00%, 10/01/24 (Call 10/01/19)^a,b		USD	175		177,209
Ally Financial Inc.
3.75%, 11/18/19		USD	200		201,650
4.13%, 03/30/20		USD	100		101,206
4.13%, 02/13/22		USD	125		126,563
4.25%, 04/15/21		USD	150		152,644


			35

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
4.63%, 05/19/22		USD	75	$	77,250
4.63%, 03/30/25^b		USD	100		103,001
5.13%, 09/30/24		USD	135		142,542
5.75%, 11/20/25 (Call 10/20/25)^b		USD	180		192,292
7.50%, 09/15/20^b		USD	25		27,438
8.00%, 12/31/18		USD	150		156,187
8.00%, 03/15/20		USD	100		109,191
Altice U.S. Finance I Corp.
5.38%, 07/15/23 (Call 07/15/18)^a		USD	200		204,992
5.50%, 05/15/26 (Call 05/15/21)^a		USD	200		204,500
AMC Entertainment Holdings Inc.
5.75%, 06/15/25 (Call 06/15/20)^b		USD	175		170,625
5.88%, 11/15/26 (Call 11/15/21)^b		USD	90		87,378
6.13%, 05/15/27 (Call 05/15/22)^b		USD	75		73,024
6.38%, 11/15/24 (Call 11/15/19)		GBP	100		142,707
AMC Networks Inc.
4.75%, 12/15/22 (Call 02/28/18)		USD	100		101,938
4.75%, 08/01/25 (Call 08/01/21)		USD	170		169,787
5.00%, 04/01/24 (Call 04/01/20)		USD	160		162,400
American Airlines Group Inc.
4.63%, 03/01/20^a		USD	100		101,500
5.50%, 10/01/19^a		USD	100		102,650
American Axle & Manufacturing Inc.
6.25%, 03/15/21 (Call 02/28/18)^b		USD	25		25,500
6.25%, 04/01/25 (Call 04/01/20)^a,b		USD	110		114,950
6.50%, 04/01/27 (Call 04/01/22)^a,b		USD	125		130,937
6.63%, 10/15/22 (Call 02/28/18)^b		USD	150		155,269
AmeriGas Partners LP/AmeriGas Finance Corp.
5.50%, 05/20/25 (Call 02/20/25)		USD	125		127,355
5.63%, 05/20/24 (Call 03/20/24)		USD	95		99,587
5.75%, 05/20/27 (Call 02/20/27)		USD	100		102,080
5.88%, 08/20/26 (Call 05/20/26)		USD	145		150,433
Anixter Inc.
5.13%, 10/01/21		USD	50		52,578
Antero Resources Corp.
5.00%, 03/01/25 (Call 03/01/20)^b		USD	125		127,632
5.13%, 12/01/22 (Call 02/28/18)		USD	200		204,302
5.38%, 11/01/21 (Call 02/28/18)		USD	125		127,969
5.63%, 06/01/23 (Call 06/01/18)		USD	125		129,531
APX Group Inc.
6.38%, 12/01/19 (Call 02/28/18)		USD	48		48,714
7.63%, 09/01/23 (Call 09/01/19)^b		USD	58		62,092
7.88%, 12/01/22 (Call 12/01/18)		USD	150		160,875
8.75%, 12/01/20 (Call 02/28/18)		USD	200		204,250
Aramark International Finance Sarl
3.13%, 04/01/25 (Call 04/01/20)^d		EUR	100		130,433
Aramark Services Inc.
4.75%, 06/01/26 (Call 06/01/21)		USD	125		126,108
5.00%, 04/01/25 (Call 04/01/20)^a		USD	75		77,375
5.00%, 02/01/28 (Call 02/01/23)^a		USD	200		203,750
5.13%, 01/15/24 (Call 01/15/19)		USD	175		180,782
Arconic Inc.
5.13%, 10/01/24 (Call 07/01/24)		USD	225		237,087
5.40%, 04/15/21 (Call 01/15/21)		USD	250		264,375
5.87%, 02/23/22		USD	200		216,250
6.15%, 08/15/20		USD	200		213,802
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
10.00%, 04/01/22 (Call 04/01/20)^a		USD	275		303,875
Ashland LLC
4.75%, 08/15/22 (Call 05/15/22)		USD	200		208,240


Security	Principal (000s)			Value
Avantor Inc.
4.75%, 10/01/24 (Call 10/01/20)^d		EUR	100	$	124,139
6.00%, 10/01/24 (Call 10/01/20)^a		USD	260		262,718
9.00%, 10/01/25 (Call 10/01/20)^a		USD	375		371,349
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
5.13%, 06/01/22 (Call 02/28/18)^a,b		USD	75		75,527
5.50%, 04/01/23 (Call 04/01/18)^b		USD	125		126,117
Avis Budget Finance PLC
4.13%, 11/15/24 (Call 11/15/19)^d		EUR	100		127,498
Avon International Operations Inc.
7.88%, 08/15/22 (Call 08/15/19)^a,b		USD	100		101,958
Avon Products Inc.
6.60%, 03/15/20		USD	75		73,172
7.00%, 03/15/23		USD	75		65,719
Axalta Coating Systems Dutch Holding B BV
3.75%, 01/15/25 (Call 01/15/20)^d		EUR	125		164,223
B&G Foods Inc.
4.63%, 06/01/21 (Call 02/28/18)		USD	150		151,062
5.25%, 04/01/25 (Call 04/01/20)^b		USD	160		160,200
Ball Corp.
3.50%, 12/15/20		EUR	100		135,185
4.00%, 11/15/23^b		USD	175		175,082
4.38%, 12/15/20		USD	150		153,871
4.38%, 12/15/23		EUR	100		141,006
5.00%, 03/15/22		USD	200		210,635
5.25%, 07/01/25		USD	175		185,666
Beacon Escrow Corp.
4.88%, 11/01/25 (Call 11/01/20)^a^,h		USD	260		259,350
Beazer Homes USA Inc.
5.88%, 10/15/27 (Call 10/15/22)^a		USD	75		74,813
8.75%, 03/15/22 (Call 03/15/19)		USD	110		120,450
Belden Inc.
3.38%, 07/15/27 (Call 07/15/22)^d		EUR	100		124,883
Berry Global Inc.
4.50%, 02/15/26 (Call 02/15/21)^a		USD	90		89,765
5.13%, 07/15/23 (Call 07/15/18)^b		USD	150		155,625
5.50%, 05/15/22 (Call 02/28/18)		USD	100		103,259
6.00%, 10/15/22 (Call 10/15/18)		USD	40		41,731
Blue Cube Spinco Inc.
9.75%, 10/15/23 (Call 10/15/20)		USD	150		176,361
10.00%, 10/15/25 (Call 10/15/20)		USD	75		89,813
BlueLine Rental Finance Corp./BlueLine Rental LLC
9.25%, 03/15/24 (Call 03/15/20)^a		USD	200		217,500
BMC Software Finance Inc.
8.13%, 07/15/21 (Call 02/28/18)^a		USD	300		300,375
Boyd Gaming Corp.
6.38%, 04/01/26 (Call 04/01/21)		USD	150		160,875
6.88%, 05/15/23 (Call 05/15/18)		USD	125		132,187
Brand Industrial Services Inc.
8.50%, 07/15/25 (Call 07/15/20)^a		USD	200		207,750
BWAY Holding Co.
5.50%, 04/15/24 (Call 04/15/20)^a		USD	325		336,781
7.25%, 04/15/25 (Call 04/15/20)^a,b		USD	225		234,844
Cablevision Systems Corp.
5.88%, 09/15/22^b		USD	150		151,356
8.00%, 04/15/20		USD	75		80,514


36

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
Caesars Resort Collection LLC/CRC Finco Inc.
5.25%, 10/15/25 (Call 10/15/20)^a^,h		USD	325	$	324,594
CalAtlantic Group Inc.
5.25%, 06/01/26 (Call 12/01/25)		USD	75		78,367
CalAtlantic Group Inc.
5.88%, 11/15/24 (Call 05/15/24)		USD	75		81,291
8.38%, 01/15/21		USD	100		113,350
California Resources Corp.
8.00%, 12/15/22 (Call 12/15/18)^a		USD	430		361,200
Calpine Corp.
5.25%, 06/01/26 (Call 06/01/21)^a		USD	250		245,937
5.38%, 01/15/23 (Call 10/15/18)^b		USD	225		221,583
5.50%, 02/01/24 (Call 02/01/19)^b		USD	100		94,875
5.75%, 01/15/25 (Call 10/15/19)^b		USD	300		284,058
5.88%, 01/15/24 (Call 11/01/18)^a,b		USD	75		76,506
6.00%, 01/15/22 (Call 02/28/18)^a,b		USD	175		180,530
Calumet Specialty Products Partners LP/Calumet Finance Corp.
6.50%, 04/15/21 (Call 02/28/18)		USD	175		175,370
11.50%, 01/15/21 (Call 04/15/18)^a		USD	75		84,677
Carrizo Oil & Gas Inc.
6.25%, 04/15/23 (Call 04/15/18)^b		USD	130		134,252
7.50%, 09/15/20 (Call 02/28/18)^b		USD	25		25,506
Catalent Pharma Solutions Inc.
4.75%, 12/15/24 (Call 12/15/19)^d		EUR	100		132,871
CCO Holdings LLC/CCO Holdings Capital Corp.
5.00%, 02/01/28 (Call 08/01/22)^a,b		USD	510		492,150
5.13%, 02/15/23 (Call 02/28/18)		USD	250		253,885
5.13%, 05/01/23 (Call 05/01/18)^a		USD	225		229,359
5.13%, 05/01/27 (Call 05/01/22)^a		USD	625		609,187
5.25%, 03/15/21 (Call 03/15/18)		USD	50		50,725
5.25%, 09/30/22 (Call 02/28/18)		USD	300		307,125
5.38%, 05/01/25 (Call 05/01/20)^a		USD	150		152,281
5.50%, 05/01/26 (Call 05/01/21)^a		USD	275		279,690
5.75%, 09/01/23 (Call 03/01/18)		USD	50		51,375
5.75%, 01/15/24 (Call 07/15/18)		USD	225		232,181
5.75%, 02/15/26 (Call 02/15/21)^a		USD	475		492,314
5.88%, 04/01/24 (Call 04/01/19)^a,b		USD	300		313,500
5.88%, 05/01/27 (Call 05/01/21)^a		USD	125		128,750
CDK Global Inc.
4.88%, 06/01/27 (Call 06/01/22)^a		USD	105		105,263
5.00%, 10/15/24 (Call 07/15/24)		USD	100		102,350
CDW LLC/CDW Finance Corp.
5.00%, 09/01/23 (Call 03/01/18)		USD	100		102,771
5.00%, 09/01/25 (Call 03/01/20)		USD	180		183,375
5.50%, 12/01/24 (Call 06/01/24)^b		USD	75		80,928
Centene Corp.
4.75%, 05/15/22 (Call 05/15/19)		USD	175		182,000
4.75%, 01/15/25 (Call 01/15/20)		USD	185		187,698
5.63%, 02/15/21 (Call 02/28/18)		USD	280		287,876
6.13%, 02/15/24 (Call 02/15/19)^b		USD	225		238,862
CenturyLink Inc.
5.63%, 04/01/25 (Call 01/01/25)^b		USD	100		92,594
5.80%, 03/15/22^b		USD	250		243,750
6.45%, 06/15/21		USD	225		229,486
Series V 5.63%, 04/01/20		USD	225		228,375
Series W 6.75%, 12/01/23^b		USD	125		121,600
Series Y 7.50%, 04/01/24 (Call 01/01/24)^b		USD	200		201,178


Security	Principal (000s)			Value
Cequel Communications Holdings I LLC/Cequel Capital Corp.
5.13%, 12/15/21 (Call 02/28/18)^a			250	$	251,094
6.38%, 09/15/20 (Call 03/05/18)^a		USD	190		192,375
7.75%, 07/15/25 (Call 07/15/20)^a		USD	200		217,779
CF Industries Inc.
3.45%, 06/01/23^b		USD	100		97,907
7.13%, 05/01/20		USD	174		189,287
Change Healthcare Holdings LLC/Change Healthcare Finance Inc.
5.75%, 03/01/25 (Call 03/01/20)^a		USD	190		193,325
Chemours Co. (The)
5.38%, 05/15/27 (Call 02/15/27)^b		USD	75		77,531
6.13%, 05/15/23 (Call 05/15/18)		EUR	100		131,735
6.63%, 05/15/23 (Call 05/15/18)		USD	200		211,500
7.00%, 05/15/25 (Call 05/15/20)		USD	200		218,500
Cheniere Corpus Christi Holdings LLC
5.13%, 06/30/27 (Call 01/01/27)		USD	305		314,542
5.88%, 03/31/25 (Call 10/02/24)		USD	330		355,575
7.00%, 06/30/24 (Call 01/01/24)		USD	200		226,683
Cheniere Energy Partners LP
5.25%, 10/01/25 (Call 10/01/20)^a		USD	300		305,625
Chesapeake Energy Corp.
4.88%, 04/15/22 (Call 02/28/18)^b		USD	75		71,496
6.13%, 02/15/21^b		USD	75		76,875
6.63%, 08/15/20		USD	75		78,832
8.00%, 12/15/22 (Call 12/15/18)^a		USD	270		289,575
8.00%, 01/15/25 (Call 01/15/20)^a,b		USD	285		287,583
8.00%, 06/15/27 (Call 06/15/22)^a,b		USD	235		233,531
CHS/Community Health Systems Inc.
5.13%, 08/01/21 (Call 02/28/18)^b		USD	175		163,178
6.25%, 03/31/23 (Call 03/31/20)		USD	605		559,625
6.88%, 02/01/22 (Call 02/28/18)^b		USD	525		373,406
7.13%, 07/15/20 (Call 07/15/18)^b		USD	250		217,250
8.00%, 11/15/19 (Call 02/28/18)^b		USD	350		328,125
Cinemark USA Inc.
4.88%, 06/01/23 (Call 06/01/18)		USD	150		152,280
5.13%, 12/15/22 (Call 02/28/18)^b		USD	75		76,699
CIT Group Inc.
3.88%, 02/19/19^b		USD	150		151,320
5.00%, 08/15/22		USD	200		209,387
5.00%, 08/01/23		USD	100		104,789
5.38%, 05/15/20		USD	200		209,336
Claire’s Stores Inc.
9.00%, 03/15/19 (Call 03/15/18)^a		USD	100		70,750
Clean Harbors Inc.
5.13%, 06/01/21 (Call 02/28/18)		USD	200		201,654
5.25%, 08/01/20 (Call 02/28/18)		USD	40		40,360
Clear Channel Worldwide Holdings Inc.
6.50%, 11/15/22 (Call 02/28/18)		USD	400		411,500
6.50%, 11/15/22 (Call 02/28/18)^b		USD	100		102,000
Series B 7.63%, 03/15/20 (Call 03/15/18)^b		USD	300		298,125
Cleveland-Cliffs Inc.
4.88%, 01/15/24 (Call 01/15/21)^a		USD	50		49,718
5.75%, 03/01/25 (Call 03/01/20)^a		USD	210		205,230
CNH Industrial Finance
Europe SA 2.75%, 03/18/19^d		EUR	100		128,296
2.88%, 09/27/21^d		EUR	100		135,507


			37

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
CNX Resources Corp.
5.88%, 04/15/22 (Call 02/28/18)		USD	300	$	308,301
8.00%, 04/01/23 (Call 04/01/18)		USD	100		106,345
Colfax Corp.
3.25%, 05/15/25 (Call 05/15/20)^d		EUR	125		160,513
CommScope Inc.
5.00%, 06/15/21 (Call 02/28/18)^a		USD	100		101,875
5.50%, 06/15/24 (Call 06/15/19)^a		USD	125		129,531
CommScope Technologies LLC
5.00%, 03/15/27 (Call 03/15/22)^a,b		USD	200		199,508
6.00%, 06/15/25 (Call 06/15/20)^a		USD	230		241,705
Continental Resources Inc./OK
3.80%, 06/01/24 (Call 03/01/24)		USD	200		196,000
4.38%, 01/15/28 (Call 10/15/27)^a		USD	185		183,550
4.50%, 04/15/23 (Call 01/15/23)		USD	300		303,750
5.00%, 09/15/22 (Call 02/28/18)^b		USD	375		380,700
Covanta Holding Corp.
5.88%, 03/01/24 (Call 03/01/19)^b		USD	75		76,198
5.88%, 07/01/25 (Call 07/01/20)		USD	100		101,500
6.38%, 10/01/22 (Call 04/01/18)		USD	75		76,781
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
5.75%, 04/01/25 (Call 04/01/20)		USD	100		103,268
6.25%, 04/01/23 (Call 04/01/18)		USD	125		129,690
Crown Americas LLC/Crown Americas Capital Corp. IV
4.50%, 01/15/23		USD	225		230,767
Crown Americas LLC/Crown Americas Capital Corp. V
4.25%, 09/30/26 (Call 03/31/26)^b		USD	50		48,613
Crown Americas LLC/Crown Americas Capital Corp. VI
4.75%, 02/01/26 (Call 02/01/21)^a		USD	175		176,093
Crown European Holdings SA
2.25%, 02/01/23 (Call 11/01/22)^d		EUR	100		127,253
2.63%, 09/30/24 (Call 03/31/24)^d		EUR	100		126,845
2.88%, 02/01/26 (Call 08/01/25)^d		EUR	100		124,224
3.38%, 05/15/25 (Call 11/15/24)^d		EUR	100		130,581
4.00%, 07/15/22 (Call 04/15/22)^d		EUR	100		136,855
CrownRock LP/CrownRock Finance Inc.
5.63%, 10/15/25 (Call 10/15/20)^a		USD	200		202,000
CSC Holdings LLC
5.25%, 06/01/24		USD	125		121,614
5.38%, 02/01/28 (Call 02/01/23)^a		USD	200		199,500
5.50%, 04/15/27 (Call 04/15/22)^a		USD	200		202,500
6.63%, 10/15/25 (Call 10/15/20)^a		USD	200		214,000
6.75%, 11/15/21		USD	175		187,592
8.63%, 02/15/19		USD	75		79,078
10.13%, 01/15/23 (Call 01/15/19)^a		USD	400		451,250
10.88%, 10/15/25 (Call 10/15/20)^a		USD	336		399,879
CyrusOne LP/CyrusOne Finance Corp.
5.38%, 03/15/27 (Call 03/15/22)		USD	20		20,725
Dana Financing Luxembourg Sarl
5.75%, 04/15/25 (Call 04/15/20)^a		USD	75		78,750
Dana Inc.
5.50%, 12/15/24 (Call 12/15/19)^b		USD	75		78,047
Darling Global Finance BV
4.75%, 05/30/22 (Call 05/30/18)^d		EUR	100		128,572
DaVita Inc.
5.00%, 05/01/25 (Call 05/01/20)		USD	320		318,118
5.13%, 07/15/24 (Call 07/15/19)		USD	325		327,447
5.75%, 08/15/22 (Call 02/28/18)^b		USD	200		205,950
DCP Midstream Operating LP
3.88%, 03/15/23 (Call 12/15/22)		USD	100		100,000


Security	Principal (000s)			Value
4.75%, 09/30/21 (Call 06/30/21)^a		USD	100	$	103,819
5.35%, 03/15/20^a		USD	150		156,375
(3 mo. LIBOR US + 3.850%)
5.85%, 05/21/43 (Call 05/21/23)^a^,c		USD	125		120,469
Dell Inc.
4.63%, 04/01/21^b		USD	75		77,344
5.88%, 06/15/19		USD	150		155,100
Dell International LLC/EMC Corp.
5.88%, 06/15/21 (Call 06/15/18)^a,b		USD	275		285,074
7.13%, 06/15/24 (Call 06/15/19)^a		USD	300		327,363
Denbury Resources Inc.
9.00%, 05/15/21 (Call 12/15/18)^a,b		USD	100		102,250
9.25%, 03/31/22 (Call 03/31/19)^a		USD	140		143,500
Diamond BC BV
5.63%, 08/15/25 (Call 08/15/20)^d		EUR	100		122,491
Diamond Offshore Drilling Inc.
7.88%, 08/15/25 (Call 05/15/25)^b		USD	80		84,800
Diamond Resorts International Inc.
7.75%, 09/01/23 (Call 09/01/19)^a		USD	100		109,500
10.75%, 09/01/24 (Call 09/01/19)^a		USD	125		138,125
Diamondback Energy Inc.
4.75%, 11/01/24 (Call 11/01/19)		USD	150		152,062
5.38%, 05/31/25 (Call 05/31/20)		USD	60		62,419
DISH DBS Corp.
5.00%, 03/15/23^b		USD	250		234,547
5.13%, 05/01/20		USD	175		178,281
5.88%, 07/15/22^b		USD	400		397,707
5.88%, 11/15/24^b		USD	400		380,000
6.75%, 06/01/21		USD	450		471,375
7.75%, 07/01/26^b		USD	375		386,250
7.88%, 09/01/19^b		USD	250		266,355
DJO Finco Inc./DJO Finance LLC/DJO Finance Corp.
8.13%, 06/15/21 (Call 06/15/18)^a		USD	200		192,293
Dollar Tree Inc.
5.25%, 03/01/20 (Call 03/01/18)		USD	150		152,013
5.75%, 03/01/23 (Call 03/01/18)		USD	400		417,820
DPL Inc.
7.25%, 10/15/21 (Call 07/15/21)^b		USD	50		55,567
Dynegy Inc.
5.88%, 06/01/23 (Call 06/01/18)		USD	100		102,017
7.38%, 11/01/22 (Call 11/01/18)^b		USD	325		344,500
7.63%, 11/01/24 (Call 11/01/19)		USD	250		270,100
8.00%, 01/15/25 (Call 01/15/20)^a		USD	150		163,125
8.13%, 01/30/26 (Call 07/30/20)^a		USD	150		165,420
Edgewell Personal Care Co.
4.70%, 05/19/21		USD	150		153,750
4.70%, 05/24/22		USD	50		51,040
Eldorado Resorts Inc.
6.00%, 04/01/25 (Call 04/01/20)		USD	160		167,400
EMC Corp.
2.65%, 06/01/20		USD	375		368,400
3.38%, 06/01/23 (Call 03/01/23)		USD	200		191,250
Encompass Health Corp.
5.75%, 11/01/24 (Call 02/28/18)^b		USD	225		229,474
Endeavor Energy Resources LP/EER Finance Inc.
5.50%, 01/30/26 (Call 01/30/21)^a		USD	105		106,313
5.75%, 01/30/28 (Call 01/30/23)^a		USD	90		91,575


38

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
Endo Dac/Endo Finance LLC/Endo Finco Inc.
6.00%, 07/15/23 (Call 07/15/18)^a		USD	400	$	313,250
6.00%, 02/01/25 (Call 02/01/20)^a		USD	200		150,126
Endo Finance LLC
5.75%, 01/15/22 (Call 02/28/18)^a		USD	125		105,625
Endo Finance LLC/Endo Finco Inc.
5.38%, 01/15/23 (Call 02/28/18)^a,b		USD	200		156,500
Energy Transfer Equity LP
4.25%, 03/15/23 (Call 12/15/22)		USD	175		175,875
5.50%, 06/01/27 (Call 03/01/27)		USD	175		184,625
5.88%, 01/15/24 (Call 10/15/23)^b		USD	250		270,625
7.50%, 10/15/20		USD	250		274,767
Ensco PLC
4.50%, 10/01/24 (Call 07/01/24)^b		USD	125		107,039
5.20%, 03/15/25 (Call 12/15/24)^b		USD	125		108,438
7.75%, 02/01/26		USD	200		199,375
Envision Healthcare Corp.
5.13%, 07/01/22 (Call 02/28/18)^a		USD	150		149,083
5.63%, 07/15/22 (Call 02/28/18)^b		USD	225		228,844
6.25%, 12/01/24 (Call 12/01/19)^a,b		USD	135		142,290
EP Energy LLC/Everest Acquisition Finance Inc.
8.00%, 11/29/24 (Call 11/30/19)^a,b		USD	75		78,895
8.00%, 02/15/25 (Call 02/15/20)^a		USD	180		142,231
9.38%, 05/01/24 (Call 05/01/20)^a		USD	250		212,500
Equinix Inc.
2.88%, 10/01/25 (Call 10/01/20)		EUR	150		187,986
2.88%, 02/01/26 (Call 02/01/21)		EUR	200		247,777
5.38%, 01/01/22 (Call 02/28/18)		USD	180		186,811
5.38%, 04/01/23 (Call 04/01/18)		USD	180		184,876
5.38%, 05/15/27 (Call 05/15/22)		USD	230		241,117
5.75%, 01/01/25 (Call 01/01/20)		USD	150		157,858
5.88%, 01/15/26 (Call 01/15/21)		USD	225		239,062
ESH Hospitality Inc.
5.25%, 05/01/25 (Call 05/01/20)^a		USD	255		256,594
Exela Intermediate LLC/Exela Finance Inc.
10.00%, 07/15/23 (Call 07/15/20)^a		USD	200		198,000
Extraction Oil & Gas Inc.
5.63%, 02/01/26 (Call 02/01/21)^a		USD	140		140,140
Federal-Mogul LLC/Federal-Mogul Financing Corp.
4.88%, 04/15/22 (Call 04/15/19)^d		EUR	175		220,560
Ferrellgas LP/Ferrellgas Finance Corp.
6.50%, 05/01/21 (Call 02/28/18)^b		USD	100		96,841
6.75%, 01/15/22 (Call 02/28/18)^b		USD	100		96,250
6.75%, 06/15/23 (Call 06/15/19)^b		USD	100		94,500
Fifth Third Bancorp. (3 mo. LIBOR US + 3.033%)
5.10%, (Call 06/30/23)^c,e		USD	125		125,281
First Data Corp.
5.00%, 01/15/24 (Call 01/15/19)^a		USD	340		348,925
5.38%, 08/15/23 (Call 08/15/18)^a		USD	200		206,438
5.75%, 01/15/24 (Call 01/15/19)^a		USD	435		450,769
7.00%, 12/01/23 (Call 12/01/18)^a		USD	675		712,419
First Quality Finance Co. Inc.
4.63%, 05/15/21 (Call 02/28/18)^a		USD	150		150,813
5.00%, 07/01/25 (Call 07/01/20)^a		USD	45		45,563
Freeport-McMoRan Inc.
3.10%, 03/15/20		USD	181		181,000
3.55%, 03/01/22 (Call 12/01/21)^b		USD	475		469,404
3.88%, 03/15/23 (Call 12/15/22)		USD	350		347,213
4.00%, 11/14/21		USD	100		101,050


Security	Principal (000s)			Value
4.55%, 11/14/24 (Call 08/14/24)^b		USD	150	$	151,470
6.88%, 02/15/23 (Call 02/15/20)		USD	150		163,552
Frontier Communications Corp.
6.25%, 09/15/21 (Call 06/15/21)		USD	125		102,298
6.88%, 01/15/25 (Call 10/15/24)^b		USD	150		93,750
7.13%, 03/15/19		USD	50		50,426
7.13%, 01/15/23		USD	200		136,000
7.63%, 04/15/24		USD	100		65,847
8.50%, 04/15/20		USD	150		146,318
8.75%, 04/15/22		USD	100		77,962
9.25%, 07/01/21		USD	150		135,000
10.50%, 09/15/22 (Call 06/15/22)^b		USD	400		331,000
11.00%, 09/15/25 (Call 06/15/25)		USD	675		527,344
Gates Global LLC/Gates Global Co.
6.00%, 07/15/22 (Call 02/15/18)^a		USD	175		178,919
Genesis Energy LP/Genesis Energy Finance Corp.
6.00%, 05/15/23 (Call 05/15/18)		USD	50		50,638
6.25%, 05/15/26 (Call 02/15/21)		USD	100		99,875
6.50%, 10/01/25 (Call 10/01/20)^b		USD	110		111,756
6.75%, 08/01/22 (Call 08/01/18)		USD	150		155,830
Genworth Holdings Inc.
4.80%, 02/15/24		USD	50		42,531
4.90%, 08/15/23		USD	75		64,396
7.63%, 09/24/21		USD	150		146,622
7.70%, 06/15/20^b		USD	50		50,050
GLP Capital LP/GLP Financing II Inc.
4.38%, 04/15/21		USD	50		51,235
4.88%, 11/01/20 (Call 08/01/20)		USD	175		181,296
5.38%, 11/01/23 (Call 08/01/23)		USD	100		107,500
5.38%, 04/15/26		USD	175		187,203
Golden Nugget Inc.
6.75%, 10/15/24 (Call 10/15/19)^a		USD	250		258,437
8.75%, 10/01/25 (Call 10/01/20)^a		USD	150		159,764
Goodyear Dunlop Tires Europe BV
3.75%, 12/15/23 (Call 12/15/18)^d		EUR	100		129,351
Goodyear Tire & Rubber Co. (The)
4.88%, 03/15/27 (Call 12/15/26)^b		USD	125		124,688
5.00%, 05/31/26 (Call 05/31/21)		USD	150		151,547
5.13%, 11/15/23 (Call 11/15/18)^b		USD	175		179,389
Gray Television Inc.
5.13%, 10/15/24 (Call 10/15/19)^a,b		USD	100		100,375
5.88%, 07/15/26 (Call 07/15/21)^a		USD	130		133,900
Griffon Corp.
5.25%, 03/01/22 (Call 02/28/18)		USD	100		101,750
Gulfport Energy Corp.
6.00%, 10/15/24 (Call 10/15/19)		USD	125		125,841
6.38%, 05/15/25 (Call 05/15/20)^b		USD	135		137,700
6.38%, 01/15/26 (Call 01/15/21)^a		USD	70		71,050
Hanesbrands Finance Luxembourg SCA
3.50%, 06/15/24 (Call 03/15/24)^d		EUR	100		134,725
Hanesbrands Inc.
4.63%, 05/15/24 (Call 02/15/24)^a		USD	175		177,187
4.88%, 05/15/26 (Call 02/15/26)^a		USD	175		176,903
Harland Clarke Holdings Corp.
8.38%, 08/15/22 (Call 02/15/19)^a		USD	140		145,775
9.25%, 03/01/21 (Call 02/28/18)^a		USD	125		128,750


			39

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
HCA Healthcare Inc.
6.25%, 02/15/21		USD	275	$	293,219
HCA Inc.
3.75%, 03/15/19		USD	250		252,309
4.25%, 10/15/19		USD	150		152,917
4.50%, 02/15/27 (Call 08/15/26)		USD	230		229,425
4.75%, 05/01/23		USD	250		259,750
5.00%, 03/15/24		USD	300		313,125
5.25%, 04/15/25		USD	300		314,748
5.25%, 06/15/26 (Call 12/15/25)		USD	290		303,339
5.38%, 02/01/25		USD	525		536,812
5.88%, 03/15/22		USD	200		214,716
5.88%, 05/01/23^b		USD	300		321,750
5.88%, 02/15/26 (Call 08/15/25)^b		USD	325		340,199
6.50%, 02/15/20		USD	500		533,125
7.50%, 02/15/22		USD	325		365,198
HD Supply Inc.
5.75%, 04/15/24 (Call 04/15/19)^a		USD	200		214,000
Hertz Corp. (The)
5.50%, 10/15/24 (Call 10/15/19)^a,b		USD	150		133,855
5.88%, 10/15/20 (Call 02/28/18)^b		USD	125		125,313
6.25%, 10/15/22 (Call 03/15/18)^b		USD	100		96,248
7.38%, 01/15/21 (Call 02/28/18)^b		USD	100		100,250
7.63%, 06/01/22 (Call 06/01/19)^a,b		USD	250		261,087
Hexion Inc.
6.63%, 04/15/20 (Call 02/28/18)^b		USD	300		272,737
10.38%, 02/01/22 (Call 02/01/19)^a		USD	105		101,588
Hexion Inc./Hexion Nova Scotia Finance ULC
9.00%, 11/15/20 (Call 02/28/18)		USD	100		76,920
Hilcorp Energy I LP/Hilcorp Finance Co.
5.00%, 12/01/24 (Call 06/01/19)^a		USD	100		99,859
5.75%, 10/01/25 (Call 04/01/20)^a		USD	100		103,000
Hilton Domestic Operating Co. Inc.
4.25%, 09/01/24 (Call 09/01/19)		USD	175		174,629
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.
4.63%, 04/01/25 (Call 04/01/20)		USD	170		171,595
4.88%, 04/01/27 (Call 04/01/22)		USD	125		127,617
Hologic Inc.
4.63%, 02/01/28 (Call 02/01/23)^a		USD	175		174,344
5.25%, 07/15/22 (Call 07/15/18)^a		USD	200		207,626
Howard Hughes Corp. (The)
5.38%, 03/15/25 (Call 03/15/20)^a		USD	175		176,750
HRG Group Inc.
7.75%, 01/15/22 (Call 02/28/18)		USD	175		182,009
HUB International Ltd.
7.88%, 10/01/21 (Call 02/28/18)^a		USD	200		208,000
Hughes Satellite Systems Corp.
5.25%, 08/01/26		USD	135		136,262
6.50%, 06/15/19		USD	140		146,475
6.63%, 08/01/26		USD	140		147,875
7.63%, 06/15/21		USD	175		191,537
Huntsman International LLC
4.88%, 11/15/20 (Call 08/15/20)		USD	125		129,844
5.13%, 04/15/21 (Call 01/15/21)		EUR	100		139,529
5.13%, 11/15/22 (Call 08/15/22)		USD	100		106,500
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
5.88%, 02/01/22 (Call 02/28/18)		USD	250		254,687
6.00%, 08/01/20 (Call 02/28/18)		USD	325		333,287
6.25%, 02/01/22 (Call 02/01/19)^b		USD	125		128,880
6.38%, 12/15/25 (Call 12/15/20)^a		USD	150		152,509


Security	Principal (000s)			Value
6.75%, 02/01/24 (Call 02/01/20)		USD	150	$	156,000
iHeartCommunications Inc.
9.00%, 12/15/19 (Call 02/28/18)		USD	225		172,125
9.00%, 03/01/21 (Call 03/01/18)		USD	250		182,687
9.00%, 09/15/22 (Call 02/28/18)		USD	150		110,063
10.63%, 03/15/23 (Call 03/15/18)		USD	125		91,875
11.25%, 03/01/21 (Call 03/01/18)^a		USD	75		52,688
11.25%, 03/01/21 (Call 02/28/18)		USD	100		73,125
Infor U.S. Inc.
5.75%, 08/15/20 (Call 02/15/18)^a		USD	100		102,562
5.75%, 05/15/22 (Call 05/15/18)		EUR	100		127,276
6.50%, 05/15/22 (Call 05/15/18)^b		USD	300		310,200
International Game Technology PLC
4.75%, 03/05/20^d		EUR	100		134,641
6.25%, 02/15/22 (Call 08/15/21)^a		USD	250		268,641
6.50%, 02/15/25 (Call 08/15/24)^a		USD	200		222,937
IPALCO Enterprises Inc.
3.45%, 07/15/20 (Call 06/15/20)		USD	100		100,425
3.70%, 09/01/24 (Call 07/01/24)		USD	80		78,888
Iron Mountain Inc.
3.00%, 01/15/25 (Call 06/15/20)^d		EUR	100		125,562
4.88%, 09/15/27 (Call 09/15/22)^a		USD	175		168,000
5.25%, 03/15/28 (Call 12/27/22)^a		USD	150		145,875
5.75%, 08/15/24 (Call 02/28/18)^b		USD	300		301,145
6.00%, 08/15/23 (Call 08/15/18)		USD	150		156,523
iStar Inc.
4.63%, 09/15/20 (Call 06/15/20)		USD	75		75,938
5.00%, 07/01/19 (Call 02/28/18)		USD	100		100,155
5.25%, 09/15/22 (Call 09/15/19)		USD	75		75,034
Jack Ohio Finance LLC/Jack Ohio Finance 1 Corp.
6.75%, 11/15/21 (Call 11/15/18)^a		USD	150		157,875
Jaguar Holding Co. II/Pharmaceutical Product Development LLC
6.38%, 08/01/23 (Call 08/01/18)^a,b		USD	200		205,747
JC Penney Corp. Inc.
5.65%, 06/01/20^b		USD	100		98,500
5.88%, 07/01/23 (Call 07/01/19)^a,b		USD	50		48,000
8.13%, 10/01/19		USD	25		26,125
Jefferies Finance LLC/JFIN Co-Issuer Corp.
6.88%, 04/15/22 (Call 02/28/18)^a		USD	200		205,000
K Hovnanian Enterprises Inc.
10.00%, 07/15/22 (Call 07/15/19)^a		USD	75		81,804
10.50%, 07/15/24 (Call 07/15/20)^a		USD	105		116,794
KB Home
4.75%, 05/15/19 (Call 02/15/19)		USD	75		75,949
7.00%, 12/15/21 (Call 09/15/21)^b		USD	75		82,567
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC
4.75%, 06/01/27 (Call 06/01/22)^a		USD	125		124,063
5.00%, 06/01/24 (Call 06/01/19)^a		USD	200		202,250
5.25%, 06/01/26 (Call 06/01/21)^a		USD	225		229,500
Kindred Healthcare Inc.
6.38%, 04/15/22 (Call 02/28/18)		USD	100		101,500
8.00%, 01/15/20		USD	150		159,937
8.75%, 01/15/23 (Call 02/28/18)^b		USD	100		106,250
Kinetic Concepts Inc./KCI USA Inc.
7.88%, 02/15/21 (Call 02/28/18)^a		USD	150		155,734
12.50%, 11/01/21 (Call 05/01/19)^a		USD	75		85,478


40

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
KLX Inc.
5.88%, 12/01/22 (Call 02/28/18)^a		USD	225	$	234,844
Kronos Acquisition Holdings Inc.
9.00%, 08/15/23 (Call 08/15/18)^a		USD	165		161,824
L Brands Inc.
5.25%, 02/01/28		USD	100		98,875
5.63%, 02/15/22		USD	175		184,599
5.63%, 10/15/23^b		USD	100		106,500
6.63%, 04/01/21		USD	175		188,562
7.00%, 05/01/20		USD	25		27,031
8.50%, 06/15/19		USD	50		53,897
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
5.25%, 03/15/22 (Call 09/15/21)^a		USD	100		102,236
5.25%, 10/01/25 (Call 10/01/20)^a		USD	85		85,117
Lamar Media Corp.
5.00%, 05/01/23 (Call 05/01/18)		USD	150		153,813
5.38%, 01/15/24 (Call 01/15/19)		USD	50		51,506
5.75%, 02/01/26 (Call 02/01/21)		USD	75		79,443
5.88%, 02/01/22 (Call 02/28/18)		USD	75		76,594
Lamb Weston Holdings Inc.
4.63%, 11/01/24 (Call 11/01/21)^a		USD	200		203,000
4.88%, 11/01/26 (Call 11/01/21)^a		USD	150		152,602
Leidos Holdings Inc.
4.45%, 12/01/20 (Call 09/01/20)		USD	50		51,563
Lennar Corp.
4.13%, 01/15/22 (Call 10/15/21)		USD	155		156,550
4.50%, 06/15/19 (Call 04/16/19)		USD	25		25,428
4.50%, 11/15/19 (Call 08/15/19)		USD	150		153,187
4.50%, 04/30/24 (Call 01/31/24)		USD	125		126,647
4.75%, 04/01/21 (Call 02/01/21)		USD	140		144,157
4.75%, 11/15/22 (Call 08/15/22)		USD	125		129,575
4.75%, 05/30/25 (Call 02/28/25)		USD	50		51,250
4.75%, 11/29/27 (Call 05/29/27)^a		USD	175		177,041
4.88%, 12/15/23 (Call 09/15/23)		USD	80		82,928
Leucadia National Corp.
5.50%, 10/18/23 (Call 01/18/23)^b		USD	125		134,487
Level 3 Financing Inc.
5.13%, 05/01/23 (Call 05/01/18)		USD	125		125,313
5.25%, 03/15/26 (Call 03/15/21)		USD	180		176,452
5.38%, 08/15/22 (Call 02/28/18)		USD	175		177,406
5.38%, 01/15/24 (Call 01/15/19)		USD	175		174,853
5.38%, 05/01/25 (Call 05/01/20)		USD	150		149,400
5.63%, 02/01/23 (Call 02/28/18)		USD	150		151,906
6.13%, 01/15/21 (Call 02/28/18)		USD	50		50,801
Levi Strauss & Co.
3.38%, 03/15/27 (Call 03/15/22)		EUR	100		130,057
LifePoint Health Inc.
5.38%, 05/01/24 (Call 05/01/19)^b		USD	100		96,799
5.50%, 12/01/21 (Call 02/28/18)		USD	225		228,943
5.88%, 12/01/23 (Call 12/01/18)^b		USD	115		115,288
LIN Television Corp.
5.88%, 11/15/22 (Call 02/10/18)		USD	75		77,588
LKQ Italia Bondco SpA
3.88%, 04/01/24 (Call 01/01/24)^d		EUR	100		133,569
Mallinckrodt International Finance SA
4.75%, 04/15/23^b		USD	100		82,000
Mallinckrodt International Finance SA/Mallinckrodt CB LLC
4.88%, 04/15/20 (Call 02/28/18)^a,b		USD	150		146,437
5.50%, 04/15/25 (Call 04/15/20)^a,b		USD	100		81,518
5.63%, 10/15/23 (Call 10/15/18)^a,b		USD	150		128,161


Security	Principal (000s)			Value
5.75%, 08/01/22 (Call 02/28/18)^a,b		USD	200	$	184,000
Mattel Inc.
6.75%, 12/31/25 (Call 12/31/20)^a,b		USD	215		218,225
Meredith Corp.
6.88%, 02/01/26 (Call 02/01/21)^a		USD	275		281,875
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer Inc.
4.50%, 09/01/26 (Call 06/01/26)^b		USD	125		123,438
5.63%, 05/01/24 (Call 02/01/24)		USD	200		213,634
MGM Resorts International
4.63%, 09/01/26 (Call 06/01/26)^b		USD	100		101,000
5.25%, 03/31/20		USD	100		103,446
6.00%, 03/15/23		USD	225		242,437
6.63%, 12/15/21		USD	225		245,812
6.75%, 10/01/20		USD	200		215,500
7.75%, 03/15/22		USD	175		198,970
8.63%, 02/01/19		USD	150		158,437
Micron Technology Inc.
5.25%, 01/15/24 (Call 05/01/18)^a		USD	100		103,982
5.50%, 02/01/25 (Call 08/01/19)		USD	90		94,363
Molina Healthcare Inc.
5.38%, 11/15/22 (Call 08/15/22)		USD	100		104,063
MPH Acquisition Holdings LLC
7.13%, 06/01/24 (Call 06/01/19)^a		USD	300		322,125
MPT Operating Partnership LP/MPT Finance Corp.
4.00%, 08/19/22 (Call 05/19/22)		EUR	200		275,640
5.00%, 10/15/27 (Call 10/15/22)		USD	275		272,687
5.25%, 08/01/26 (Call 08/01/21)^b		USD	100		102,306
6.38%, 03/01/24 (Call 03/01/19)^b		USD	100		106,095
MSCI Inc.
4.75%, 08/01/26 (Call 08/01/21)^a,b		USD	100		101,750
5.25%, 11/15/24 (Call 11/15/19)^a		USD	175		182,175
5.75%, 08/15/25 (Call 08/15/20)^a,b		USD	175		185,219
Murphy Oil Corp.
4.00%, 06/01/22 (Call 03/01/22)		USD	75		74,906
4.45%, 12/01/22 (Call 09/01/22)^b		USD	100		100,750
5.75%, 08/15/25 (Call 08/15/20)		USD	120		122,998
6.88%, 08/15/24 (Call 08/15/19)		USD	100		106,672
Murray Energy Corp.
11.25%, 04/15/21 (Call 04/15/18)^a		USD	150		81,000
Nabors Industries Inc.
4.63%, 09/15/21		USD	100		97,250
5.00%, 09/15/20		USD	150		152,055
5.50%, 01/15/23 (Call 11/15/22)^b		USD	100		99,972
5.75%, 02/01/25 (Call 11/01/24)^a		USD	150		147,375
Nationstar Mortgage LLC/Nationstar Capital Corp.
6.50%, 07/01/21 (Call 02/28/18)		USD	175		176,750
7.88%, 10/01/20 (Call 02/28/18)		USD	50		51,375
Navient Corp.
4.88%, 06/17/19		USD	200		203,000
5.00%, 10/26/20		USD	150		152,771
5.50%, 01/25/23		USD	175		175,561
5.88%, 03/25/21		USD	150		155,019
5.88%, 10/25/24^b		USD	100		100,403
6.13%, 03/25/24^b		USD	175		178,552
6.50%, 06/15/22		USD	150		158,250
6.63%, 07/26/21^b		USD	150		159,375
6.75%, 06/25/25^b		USD	100		104,875


			41

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
7.25%, 01/25/22		USD	125	$	135,350
7.25%, 09/25/23		USD	100		108,000
8.00%, 03/25/20		USD	275		297,261
Navios Maritime Holdings Inc./Navios Maritime Finance II U.S. Inc.
7.38%, 01/15/22 (Call 02/28/18)^a		USD	100		82,103
Navistar International Corp.
6.63%, 11/01/25 (Call 11/01/20)^a		USD	210		219,513
NCR Corp.
4.63%, 02/15/21 (Call 03/15/18)		USD	150		150,750
5.00%, 07/15/22 (Call 02/28/18)		USD	100		102,030
5.88%, 12/15/21 (Call 02/28/18)		USD	75		76,875
6.38%, 12/15/23 (Call 12/15/18)^b		USD	100		105,000
Neiman Marcus Group Ltd. LLC
8.00%, 10/15/21 (Call 02/28/18)^a,b		USD	175		111,563
Netflix Inc.
3.63%, 05/15/27^d		EUR	200		250,645
4.38%, 11/15/26^b		USD	240		234,636
4.88%, 04/15/28^a		USD	270		267,975
5.38%, 02/01/21		USD	100		105,000
5.50%, 02/15/22		USD	125		132,187
5.75%, 03/01/24		USD	50		53,188
5.88%, 02/15/25		USD	175		187,299
Newfield Exploration Co.
5.38%, 01/01/26 (Call 10/01/25)		USD	125		132,185
5.63%, 07/01/24^b		USD	175		187,234
5.75%, 01/30/22		USD	150		159,375
Nexstar Broadcasting Inc.
5.63%, 08/01/24 (Call 08/01/19)^a		USD	175		180,906
NextEra Energy Operating Partners LP
4.25%, 09/15/24 (Call 07/15/24)^a		USD	125		125,625
4.50%, 09/15/27 (Call 06/15/27)^a		USD	75		73,613
NGL Energy Partners LP/NGL Energy Finance Corp.
6.13%, 03/01/25 (Call 03/01/20)^b		USD	100		99,844
7.50%, 11/01/23 (Call 11/01/19)		USD	150		156,937
NGPL PipeCo LLC
4.38%, 08/15/22 (Call 05/15/22)^a		USD	90		90,928
4.88%, 08/15/27 (Call 02/15/27)^a		USD	155		158,748
Nielsen Co. Luxembourg Sarl (The)
5.00%, 02/01/25 (Call 02/01/20)^a		USD	75		75,914
5.50%, 10/01/21 (Call 02/28/18)^a		USD	150		153,637
Nielsen Finance LLC/Nielsen Finance Co.
4.50%, 10/01/20 (Call 02/28/18)		USD	75		75,694
5.00%, 04/15/22 (Call 02/28/18)^a		USD	450		459,562
Noble Holding International Ltd.
7.70%, 04/01/25 (Call 01/01/25)^b		USD	100		89,906
Novelis Corp.
5.88%, 09/30/26 (Call 09/30/21)^a		USD	300		309,177
6.25%, 08/15/24 (Call 08/15/19)^a		USD	200		208,917
NRG Energy Inc.
5.75%, 01/15/28 (Call 01/15/23)^a		USD	245		245,369
6.25%, 07/15/22 (Call 07/15/18)		USD	175		181,609
6.25%, 05/01/24 (Call 05/01/19)		USD	125		130,985
6.63%, 01/15/27 (Call 07/15/21)^b		USD	225		238,050
7.25%, 05/15/26 (Call 05/15/21)^b		USD	160		174,256
Nuance Communications Inc.
5.38%, 08/15/20 (Call 02/28/18)^a,b		USD	43		43,430
5.63%, 12/15/26 (Call 12/15/21)		USD	100		103,489
NuStar Logistics LP
4.80%, 09/01/20		USD	100		101,750
5.63%, 04/28/27 (Call 01/28/27)		USD	100		104,245


Security	Principal (000s)			Value
Oasis Petroleum Inc.
6.88%, 03/15/22 (Call 02/28/18)^b		USD	200	$	206,172
OI European Group BV
3.13%, 11/15/24 (Call 08/15/24)^d		EUR	200		259,603
6.75%, 09/15/20^d		EUR	100		144,376
Olin Corp.
5.00%, 02/01/30 (Call 02/01/24)		USD	34		34,043
5.13%, 09/15/27 (Call 03/15/22)		USD	100		103,750
OneMain Financial Holdings LLC
7.25%, 12/15/21 (Call 02/28/18)^a		USD	125		129,181
Ortho-Clinical Diagnostics Inc./Ortho-Clinical Diagnostics SA
6.63%, 05/15/22 (Call 02/28/18)^a		USD	250		250,000
Outfront Media Capital LLC/Outfront Media Capital Corp.
5.25%, 02/15/22 (Call 02/28/18)		USD	100		102,167
5.63%, 02/15/24 (Call 02/15/19)		USD	100		102,375
5.88%, 03/15/25 (Call 09/15/19)		USD	100		104,001
Owens-Brockway Glass Container Inc.
5.00%, 01/15/22^a,b		USD	150		156,479
5.88%, 08/15/23^a		USD	150		159,375
Parsley Energy LLC/Parsley Finance Corp.
5.25%, 08/15/25 (Call 08/15/20)^a		USD	75		75,469
5.38%, 01/15/25 (Call 01/15/20)^a		USD	135		136,519
5.63%, 10/15/27 (Call 10/15/22)^a		USD	125		128,438
6.25%, 06/01/24 (Call 06/01/19)^a		USD	100		105,375
PBF Holding Co. LLC/PBF Finance Corp.
7.00%, 11/15/23 (Call 11/15/18)		USD	115		120,507
7.25%, 06/15/25 (Call 06/15/20)		USD	150		158,190
PDC Energy Inc.
5.75%, 05/15/26 (Call 05/15/21)^a		USD	105		107,031
6.13%, 09/15/24 (Call 09/15/19)^b		USD	100		103,896
Peabody Energy Corp.
6.00%, 03/31/22 (Call 03/31/19)^a		USD	100		103,871
6.38%, 03/31/25 (Call 03/31/20)^a,b		USD	75		78,750
Penske Automotive Group Inc.
5.50%, 05/15/26 (Call 05/15/21)		USD	110		112,536
5.75%, 10/01/22 (Call 02/28/18)		USD	100		102,875
PetSmart Inc.
5.88%, 06/01/25 (Call 06/01/20)^a		USD	260		200,850
7.13%, 03/15/23 (Call 03/15/18)^a		USD	350		219,957
8.88%, 06/01/25 (Call 06/01/20)^a,b		USD	100		63,250
Pilgrim’s Pride Corp.
5.75%, 03/15/25 (Call 03/15/20)^a		USD	130		131,300
5.88%, 09/30/27 (Call 09/30/22)^a		USD	135		136,350
Platform Specialty Products Corp.
5.88%, 12/01/25 (Call 12/01/20)^a		USD	165		167,083
6.50%, 02/01/22 (Call 02/28/18)^a,b		USD	200		206,500
Post Holdings Inc.
5.00%, 08/15/26 (Call 08/15/21)^a,b		USD	350		341,687
5.50%, 03/01/25 (Call 03/01/20)^a		USD	185		190,550
5.63%, 01/15/28 (Call 12/01/22)^a,b		USD	225		224,185
5.75%, 03/01/27 (Call 03/01/22)^a		USD	275		276,621
Prime Security Services Borrower LLC/Prime Finance Inc.
9.25%, 05/15/23 (Call 05/15/19)^a,b		USD	590		652,687
PSPC Escrow Corp.
6.00%, 02/01/23 (Call 03/15/18)^d,h		EUR	100		129,984
PulteGroup Inc.
4.25%, 03/01/21 (Call 02/01/21)		USD	100		102,375


42

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
5.00%, 01/15/27 (Call 10/15/26)		USD	125	$	129,389
5.50%, 03/01/26 (Call 12/01/25)^b		USD	130		139,506
PVH Corp.
3.13%, 12/15/27^d		EUR	125		156,692
3.63%, 07/15/24 (Call 04/15/24)^d		EUR	100		135,944
QEP Resources Inc.
5.25%, 05/01/23 (Call 02/01/23)^b		USD	100		101,881
5.38%, 10/01/22 (Call 07/01/22)^b		USD	100		102,860
5.63%, 03/01/26 (Call 12/01/25)		USD	100		102,378
Qorvo Inc.
6.75%, 12/01/23 (Call 12/01/18)		USD	100		106,625
7.00%, 12/01/25 (Call 12/01/20)		USD	100		108,142
Quicken Loans Inc.
5.25%, 01/15/28 (Call 01/15/23)^a		USD	200		195,892
5.75%, 05/01/25 (Call 05/01/20)^a		USD	235		240,287
Quintiles IMS Inc.
3.25%, 03/15/25 (Call 03/15/20)^d		EUR	200		254,046
3.50%, 10/15/24 (Call 10/15/19)^d		EUR	200		257,316
4.88%, 05/15/23 (Call 05/15/18)^a		USD	150		155,250
5.00%, 10/15/26 (Call 10/15/21)^a		USD	200		203,750
QVC Inc.
3.13%, 04/01/19		USD	75		75,126
4.38%, 03/15/23		USD	150		151,658
4.45%, 02/15/25 (Call 11/15/24)		USD	125		125,600
4.85%, 04/01/24		USD	125		129,378
5.13%, 07/02/22^b		USD	100		104,541
Rackspace Hosting Inc.
8.63%, 11/15/24 (Call 11/15/19)^a,b		USD	225		239,344
Radian Group Inc.
4.50%, 10/01/24 (Call 07/01/24)		USD	100		100,208
Range Resources Corp.
4.88%, 05/15/25 (Call 02/15/25)^b		USD	100		97,125
5.00%, 08/15/22 (Call 05/15/22)^b		USD	100		100,875
5.00%, 03/15/23 (Call 12/15/22)^b		USD	150		150,213
5.75%, 06/01/21 (Call 03/01/21)		USD	150		156,474
Realogy Group LLC/Realogy Co-Issuer Corp.
4.50%, 04/15/19^a		USD	75		75,938
4.88%, 06/01/23 (Call 03/01/23)^a		USD	100		98,893
5.25%, 12/01/21 (Call 02/28/18)^a		USD	75		77,106
Regal Entertainment Group
5.75%, 03/15/22 (Call 02/28/18)		USD	125		128,950
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu
5.75%, 10/15/20 (Call 02/28/18)^b		USD	581		590,374
6.88%, 02/15/21 (Call 02/28/18)^b		USD	65		65,851
Rite Aid Corp.
6.13%, 04/01/23 (Call 04/01/18)^a,b		USD	350		326,375
6.75%, 06/15/21 (Call 02/28/18)^b		USD	175		178,500
9.25%, 03/15/20 (Call 03/15/18)^b		USD	50		50,344
Rockies Express Pipeline LLC
5.63%, 04/15/20^a		USD	125		131,250
Rowan Companies Inc.
4.88%, 06/01/22 (Call 03/01/22)		USD	125		120,667
7.38%, 06/15/25 (Call 03/15/25)^b		USD	100		102,469
RR Donnelley & Sons Co.
7.88%, 03/15/21		USD	100		104,500
RSP Permian Inc.
5.25%, 01/15/25 (Call 01/15/20)^b		USD	50		51,868
6.63%, 10/01/22 (Call 02/28/18)		USD	150		157,500
Sabre GLBL Inc.
5.25%, 11/15/23 (Call 11/15/18)^a		USD	200		202,258


Security	Principal (000s)			Value
Sanchez Energy Corp.
6.13%, 01/15/23 (Call 07/15/18)^b		USD	225	$	196,312
7.75%, 06/15/21 (Call 02/28/18)^b		USD	125		122,573
SBA Communications Corp.
4.00%, 10/01/22 (Call 10/01/19)^a		USD	150		148,125
4.88%, 07/15/22 (Call 02/28/18)		USD	75		77,048
4.88%, 09/01/24 (Call 09/01/19)		USD	245		244,195
Scientific Games International Inc.
5.00%, 10/15/25 (Call 10/15/20)^a		USD	110		110,138
7.00%, 01/01/22 (Call 02/28/18)^a,b		USD	400		422,600
10.00%, 12/01/22 (Call 12/01/18)		USD	425		465,906
Sealed Air Corp.
4.50%, 09/15/23 (Call 06/15/23)^d		EUR	100		141,691
4.88%, 12/01/22 (Call 09/01/22)^a		USD	100		104,514
5.13%, 12/01/24 (Call 09/01/24)^a		USD	75		79,295
5.25%, 04/01/23 (Call 01/01/23)^a		USD	50		53,193
5.50%, 09/15/25 (Call 06/15/25)^a		USD	75		80,719
6.50%, 12/01/20 (Call 09/01/20)^a		USD	50		53,969
SemGroup Corp./Rose Rock Finance Corp.
5.63%, 07/15/22 (Call 02/15/18)		USD	50		50,500
Service Corp. International/U.S.
4.63%, 12/15/27 (Call 12/15/22)		USD	100		99,071
5.38%, 01/15/22 (Call 02/28/18)		USD	50		51,130
5.38%, 05/15/24 (Call 05/15/19)		USD	150		157,391
ServiceMaster Co. LLC (The)
5.13%, 11/15/24 (Call 11/15/19)^a		USD	175		175,437
SESI LLC
7.13%, 12/15/21 (Call 02/28/18)		USD	125		127,803
7.75%, 09/15/24 (Call 09/15/20)^a		USD	100		107,500
Silgan Holdings Inc.
3.25%, 03/15/25 (Call 03/15/20)		EUR	100		128,912
Sinclair Television Group Inc.
5.13%, 02/15/27 (Call 08/15/21)^a,b		USD	100		99,432
5.38%, 04/01/21 (Call 02/15/18)		USD	50		50,675
5.63%, 08/01/24 (Call 08/01/19)^a,b		USD	100		102,950
6.13%, 10/01/22 (Call 02/22/18)^b		USD	150		154,500
Sirius XM Radio Inc.
3.88%, 08/01/22 (Call 08/01/20)^a		USD	120		119,550
4.63%, 05/15/23 (Call 05/15/18)^a		USD	150		151,858
5.00%, 08/01/27 (Call 08/01/22)^a		USD	285		283,318
5.38%, 04/15/25 (Call 04/15/20)^a		USD	200		206,680
5.38%, 07/15/26 (Call 07/15/21)^a		USD	225		230,344
6.00%, 07/15/24 (Call 07/15/19)^a		USD	225		235,687
Six Flags Entertainment Corp.
4.88%, 07/31/24 (Call 07/31/19)^a		USD	185		187,544
5.50%, 04/15/27 (Call 04/15/22)^a,b		USD	90		92,049
SM Energy Co.
5.00%, 01/15/24 (Call 07/15/18)^b		USD	100		97,759
5.63%, 06/01/25 (Call 06/01/20)^b		USD	125		123,721
6.13%, 11/15/22 (Call 11/15/18)^b		USD	100		103,625
6.75%, 09/15/26 (Call 09/15/21)^b		USD	75		78,298
Solera LLC/Solera Finance Inc.
10.50%, 03/01/24 (Call 03/01/19)^a		USD	380		426,075
Southwestern Energy Co.
4.10%, 03/15/22 (Call 12/15/21)^b		USD	200		196,875
6.70%, 01/23/25 (Call 10/23/24)		USD	175		176,750
7.50%, 04/01/26 (Call 04/01/21)^b		USD	100		104,000


			43

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
7.75%, 10/01/27 (Call 10/01/22)^b		USD	125	$	131,002
Spectrum Brands Inc.
4.00%, 10/01/26 (Call 10/01/21)^d		EUR	100		132,970
5.75%, 07/15/25 (Call 07/15/20)		USD	225		237,094
6.63%, 11/15/22 (Call 02/28/18)^b		USD	100		103,672
Springleaf Finance Corp.
5.25%, 12/15/19		USD	125		128,792
5.63%, 03/15/23		USD	250		250,312
6.13%, 05/15/22		USD	200		206,560
7.75%, 10/01/21^b		USD	125		137,969
8.25%, 12/15/20		USD	175		192,646
Sprint Communications Inc.
6.00%, 11/15/22		USD	475		473,761
7.00%, 03/01/20^a		USD	200		213,500
7.00%, 08/15/20		USD	300		315,984
11.50%, 11/15/21		USD	200		240,879
Sprint Corp.
7.13%, 06/15/24^b		USD	450		456,376
7.25%, 09/15/21		USD	400		426,624
7.63%, 02/15/25 (Call 11/15/24)^b		USD	300		311,250
7.88%, 09/15/23		USD	825		873,815
Standard Industries Inc./NJ
4.75%, 01/15/28 (Call 01/15/23)^a		USD	155		154,117
5.00%, 02/15/27 (Call 02/15/22)^a		USD	100		101,598
5.38%, 11/15/24 (Call 11/15/19)^a		USD	200		207,448
5.50%, 02/15/23 (Call 02/15/19)^a		USD	100		104,250
6.00%, 10/15/25 (Call 10/15/20)^a		USD	250		265,625
Staples Inc.
8.50%, 09/15/25 (Call 09/15/20)^a,b		USD	180		173,587
Starwood Property Trust Inc.
3.63%, 02/01/21 (Call 11/01/20)^a		USD	85		85,000
4.75%, 03/15/25 (Call 09/15/24)^a		USD	70		69,070
5.00%, 12/15/21 (Call 09/15/21)^b		USD	150		156,375
Steel Dynamics Inc.
5.00%, 12/15/26 (Call 12/15/21)^b		USD	125		129,688
5.13%, 10/01/21 (Call 02/28/18)		USD	50		51,250
5.25%, 04/15/23 (Call 04/15/18)		USD	50		51,375
5.50%, 10/01/24 (Call 10/01/19)		USD	100		104,519
Suburban Propane Partners LP/Suburban Energy Finance Corp.
5.50%, 06/01/24 (Call 06/01/19)		USD	100		98,430
Sunoco LP/Sunoco Finance Corp.
4.88%, 01/15/23 (Call 01/15/20)^a		USD	200		203,334
5.50%, 02/15/26 (Call 02/15/21)^a		USD	150		153,000
5.88%, 03/15/28 (Call 03/15/23)^a		USD	85		86,735
Symantec Corp.
3.95%, 06/15/22 (Call 03/15/22)^b		USD	75		75,411
4.20%, 09/15/20		USD	100		103,125
5.00%, 04/15/25 (Call 04/15/20)^a		USD	225		229,219
T-Mobile USA Inc.
4.00%, 04/15/22 (Call 03/16/22)		USD	100		102,188
4.50%, 02/01/26 (Call 02/01/21)		USD	170		170,465
4.75%, 02/01/28 (Call 02/01/23)^b		USD	280		280,800
5.13%, 04/15/25 (Call 04/15/20)		USD	100		103,205
5.38%, 04/15/27 (Call 04/15/22)		USD	75		78,750
6.00%, 03/01/23 (Call 09/01/18)		USD	225		235,496
6.00%, 04/15/24 (Call 04/15/19)		USD	200		212,500
6.38%, 03/01/25 (Call 09/01/19)		USD	400		426,000
6.50%, 01/15/24 (Call 01/15/19)		USD	175		185,719
6.50%, 01/15/26 (Call 01/15/21)		USD	400		433,584
6.63%, 04/01/23 (Call 04/01/18)		USD	350		363,755


Security	Principal (000s)			Value
6.84%, 04/28/23 (Call 04/28/18)		USD	100	$	104,325
TA MFG. Ltd.
3.63%, 04/15/23 (Call 04/15/18)^d		EUR	100		126,982
Talen Energy Supply LLC
4.60%, 12/15/21 (Call 09/15/21)		USD	100		94,550
6.50%, 06/01/25 (Call 06/01/20)		USD	100		83,375
9.50%, 07/15/22 (Call 07/15/20)^a,b		USD	100		104,550
10.50%, 01/15/26 (Call 01/15/22)^a		USD	125		125,455
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
5.50%, 09/15/24 (Call 09/15/19)^a		USD	150		153,187
5.50%, 01/15/28 (Call 01/15/23)^a		USD	145		144,819
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.13%, 11/15/19 (Call 02/28/18)		USD	100		100,615
4.25%, 11/15/23 (Call 05/15/18)		USD	100		98,613
5.00%, 01/15/28 (Call 01/15/23)^a,b		USD	175		173,250
5.13%, 02/01/25 (Call 02/01/20)		USD	95		95,736
5.25%, 05/01/23 (Call 03/05/18)		USD	125		127,617
5.38%, 02/01/27 (Call 02/01/22)		USD	100		101,750
6.75%, 03/15/24 (Call 09/15/19)		USD	150		159,844
Taylor Morrison Communities Inc./Taylor Morrison Holdings II Inc.
5.25%, 04/15/21 (Call 02/28/18)^a		USD	100		101,389
TEGNA Inc.
5.13%, 10/15/19 (Call 02/28/18)		USD	67		67,851
5.13%, 07/15/20 (Call 02/28/18)		USD	150		152,812
6.38%, 10/15/23 (Call 10/15/18)		USD	75		78,469
Teleflex Inc.
4.63%, 11/15/27 (Call 11/15/22)		USD	100		100,000
4.88%, 06/01/26 (Call 06/01/21)^b		USD	100		101,643
Tempur Sealy International Inc.
5.50%, 06/15/26 (Call 06/15/21)^b		USD	125		125,695
5.63%, 10/15/23 (Call 10/15/18)		USD	50		51,500
Tenet Healthcare Corp.
4.38%, 10/01/21		USD	200		200,125
4.50%, 04/01/21		USD	175		175,577
4.63%, 07/15/24 (Call 07/15/20)^a		USD	475		466,603
5.13%, 05/01/25 (Call 05/01/20)^a		USD	195		192,562
5.50%, 03/01/19		USD	50		50,938
6.00%, 10/01/20		USD	400		420,500
6.75%, 06/15/23^b		USD	325		320,734
7.00%, 08/01/25 (Call 08/01/20)^a,b		USD	155		151,985
7.50%, 01/01/22 (Call 01/01/19)^a		USD	150		158,917
8.13%, 04/01/22^b		USD	525		544,687
TerraForm Power Operating LLC
4.25%, 01/31/23 (Call 10/31/22)^a		USD	75		74,226
5.00%, 01/31/28 (Call 07/31/27)^a		USD	135		132,806
Tesla Inc.
5.30%, 08/15/25 (Call 08/15/20)^a,b		USD	325		309,400
Toll Brothers Finance Corp.
4.35%, 02/15/28 (Call 11/15/27)		USD	75		74,121
4.88%, 03/15/27 (Call 12/15/26)		USD	85		88,033
5.88%, 02/15/22 (Call 11/15/21)		USD	100		108,250
TransDigm Inc.
5.50%, 10/15/20 (Call 02/28/18)		USD	75		75,938
6.00%, 07/15/22 (Call 02/28/18)^b		USD	250		256,562
6.38%, 06/15/26 (Call 06/15/21)^b		USD	200		204,040
6.50%, 07/15/24 (Call 07/15/19)^b		USD	200		204,822
6.50%, 05/15/25 (Call 05/15/20)		USD	125		128,192


44

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal (000s)			Value
Transocean Inc.
5.80%, 10/15/22 (Call 07/15/22)^b		USD	100	$	100,845
9.00%, 07/15/23 (Call 07/15/20)^a		USD	250		273,824
Transocean Phoenix 2 Ltd.
7.75%, 10/15/24 (Call 10/15/20)^a,b		USD	90		97,981
Transocean Proteus Ltd.
6.25%, 12/01/24 (Call 12/01/20)^a		USD	90		94,817
TreeHouse Foods Inc.
4.88%, 03/15/22 (Call 03/15/18)		USD	50		50,767
6.00%, 02/15/24 (Call 02/15/19)^a,b		USD	150		155,891
TRI Pointe Group Inc./TRI Pointe Homes Inc.
4.38%, 06/15/19		USD	50		50,648
5.88%, 06/15/24		USD	100		105,792
Tribune Media Co.
5.88%, 07/15/22 (Call 07/15/18)		USD	200		207,000
Triumph Group Inc.
7.75%, 08/15/25 (Call 08/15/20)^b		USD	117		124,459
Tronox Finance LLC
7.50%, 03/15/22 (Call 03/15/18)^a		USD	150		156,037
Tronox Finance PLC
5.75%, 10/01/25 (Call 10/01/20)^a,b		USD	75		76,594
U.S. Steel Corp.
6.88%, 08/15/25 (Call 08/15/20)		USD	150		157,875
7.38%, 04/01/20		USD	74		79,781
8.38%, 07/01/21 (Call 07/01/18)^a		USD	139		150,120
Ultra Resources Inc.
6.88%, 04/15/22 (Call 04/15/19)^a		USD	150		150,937
7.13%, 04/15/25 (Call 04/15/20)^a		USD	115		114,713
United Continental Holdings Inc.
4.25%, 10/01/22^b		USD	50		50,250
United Rentals North America Inc.
4.63%, 07/15/23 (Call 07/15/18)		USD	225		232,807
4.63%, 10/15/25 (Call 10/15/20)		USD	130		131,778
4.88%, 01/15/28 (Call 01/15/23)		USD	344		343,570
5.50%, 07/15/25 (Call 07/15/20)		USD	150		158,339
5.50%, 05/15/27 (Call 05/15/22)		USD	180		189,000
5.75%, 11/15/24 (Call 05/15/19)		USD	175		183,797
5.88%, 09/15/26 (Call 09/15/21)^b		USD	150		160,687
Uniti Group LP/Uniti Fiber Holdings Inc./CSL Capital LLC
7.13%, 12/15/24 (Call 12/15/19)^a		USD	125		111,420
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC
6.00%, 04/15/23 (Call 04/15/18)^a		USD	100		96,875
8.25%, 10/15/23 (Call 04/15/19)		USD	200		189,365
Univision Communications Inc.
5.13%, 05/15/23 (Call 05/15/18)^a		USD	200		199,350
5.13%, 02/15/25 (Call 02/15/20)^a		USD	275		266,750
Valeant Pharmaceuticals International Inc.
4.50%, 05/15/23 (Call 05/15/18)^d		EUR	225		250,246
5.38%, 03/15/20 (Call 02/28/18)^a		USD	500		498,125
5.50%, 03/01/23 (Call 03/01/18)^a		USD	250		224,610
5.50%, 11/01/25 (Call 11/01/20)^a		USD	305		307,669
5.88%, 05/15/23 (Call 05/15/18)^a,b		USD	625		564,062
6.13%, 04/15/25 (Call 04/15/20)^a		USD	600		536,277
6.50%, 03/15/22 (Call 03/15/19)^a		USD	250		262,090
6.75%, 08/15/21 (Call 02/28/18)^a		USD	100		98,875
7.00%, 03/15/24 (Call 03/15/20)^a		USD	450		479,580
7.25%, 07/15/22 (Call 02/28/18)^a		USD	50		49,451
9.00%, 12/15/25 (Call 12/15/21)^a		USD	285		293,105
Vantiv LLC/Vanity Issuer Corp.
3.88%, 11/15/25 (Call 11/15/20)^d		GBP	100		143,129


Security	Principal (000s)			Value
VeriSign Inc.
4.63%, 05/01/23 (Call 05/01/18)		USD	200	$	205,000
4.75%, 07/15/27 (Call 07/15/22)^b		USD	100		100,844
5.25%, 04/01/25 (Call 01/01/25)		USD	50		53,000
Veritas U.S. Inc./Veritas Bermuda Ltd.
7.50%, 02/01/23 (Call 02/01/19)^a		USD	200		207,857
10.50%, 02/01/24 (Call 02/01/19)^a		USD	200		203,472
Vertiv Group Corp.
9.25%, 10/15/24 (Call 10/15/19)^a		USD	150		161,203
Viacom Inc. (3 mo. LIBOR US + 3.895%)
5.88%, 02/28/57 (Call 02/28/22)^b,c		USD	125		127,063
(3 mo. LIBOR US + 3.899%)
6.25%, 02/28/57 (Call 02/28/27)^b,c		USD	125		128,906
Viking Cruises Ltd.
5.88%, 09/15/27 (Call 09/15/22)^a		USD	90		90,113
Voya Financial Inc. (3 mo. LIBOR US + 3.580%)
5.65%, 05/15/53 (Call 05/15/23)^c		USD	150		159,750
Weatherford International Ltd.
4.50%, 04/15/22 (Call 01/15/22)^b		USD	105		100,013
7.75%, 06/15/21 (Call 05/15/21)^b		USD	145		153,605
8.25%, 06/15/23 (Call 03/15/23)^b		USD	170		179,775
9.63%, 03/01/19		USD	100		106,804
WellCare Health Plans Inc.
5.25%, 04/01/25 (Call 04/01/20)		USD	235		245,974
West Corp.
8.50%, 10/15/25 (Call 10/15/20)^a		USD	200		196,250
Western Digital Corp.
4.75%, 02/15/26		USD	150		151,875
10.50%, 04/01/24 (Call 04/01/19)		USD	625		730,234
Whiting Petroleum Corp.
5.75%, 03/15/21 (Call 12/15/20)^b		USD	150		155,437
6.25%, 04/01/23 (Call 01/01/23)^b		USD	75		77,250
6.63%, 01/15/26 (Call 10/15/25)^a		USD	220		224,063
Williams Companies Inc. (The)
3.70%, 01/15/23 (Call 10/15/22)		USD	150		149,080
4.55%, 06/24/24 (Call 03/24/24)^b		USD	275		281,875
Windstream Services LLC/Windstream Finance Corp.
6.38%, 08/01/23 (Call 02/28/18)^b		USD	125		72,814
7.75%, 10/15/20 (Call 02/28/18)^b		USD	100		85,470
8.63%, 10/31/25 (Call 10/31/20)^a		USD	125		116,875
8.75%, 12/15/24 (Call 12/15/22)^a,b		USD	242		168,795
WMG Acquisition Corp.
4.13%, 11/01/24 (Call 11/01/19)^d		EUR	100		131,700
6.75%, 04/15/22 (Call 02/28/18)^a,b		USD	75		77,813
WPX Energy Inc.
5.25%, 09/15/24 (Call 06/15/24)		USD	150		151,875
6.00%, 01/15/22 (Call 10/15/21)		USD	175		184,187
8.25%, 08/01/23 (Call 06/01/23)		USD	75		86,021
WR Grace & Co.-Conn
5.13%, 10/01/21^a		USD	125		130,937
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
4.25%, 05/30/23 (Call 02/28/23)^a		USD	75		74,565
5.25%, 05/15/27 (Call 02/15/27)^a		USD	200		198,250
5.50%, 03/01/25 (Call 12/01/24)^a		USD	325		329,062


			45

Schedule of Investments (Unaudited) (Continued)

iSHARES^® US & INTL HIGH YIELD CORP BOND ETF

January 31, 2018


Security	Principal or Shares (000s)			Value
XPO Logistics Inc.
6.13%, 09/01/23 (Call 09/01/19)^a,b		USD	75	$	78,947
6.50%, 06/15/22 (Call 06/15/18)^a		USD	300		311,904
Zayo Group LLC/Zayo Capital Inc.
5.75%, 01/15/27 (Call 01/15/22)^a		USD	305		309,971
6.00%, 04/01/23 (Call 04/01/18)		USD	275		287,375
6.38%, 05/15/25 (Call 05/15/20)		USD	205		215,250

					148,600,384
VENEZUELA — 0.10%
Citgo Holding Inc.
10.75%, 02/15/20^a		USD	225		241,312

					241,312
TOTAL CORPORATE BONDS & NOTES (Cost: $223,184,871)					228,882,193

SHORT-TERM INVESTMENTS — 17.00%

MONEY MARKET FUNDS — 17.00%
BlackRock Cash Funds: Institutional, SL Agency Shares
1.59%^i,j,k			38,302		38,309,803
BlackRock Cash Funds: Treasury, SL Agency Shares
1.28%^i,j			1,626		1,625,639

					39,935,442

TOTAL SHORT-TERM INVESTMENTS
(Cost: $39,930,954)					39,935,442


TOTAL INVESTMENTS IN SECURITIES — 114.43%
(Cost: $263,115,825)					268,817,635
Other Assets, Less Liabilities — (14.43)%					(33,898,567	)

NET ASSETS — 100.00%				$	234,919,068

CAD — Canadian Dollar

EUR — Euro

GBP — British Pound

USD — United States Dollar

^a	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^b	All or a portion of this security is 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	Security is perpetual in nature with no stated maturity date.

^f	Issuer is in default of interest payments.

^g	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.

^h	Non-income producing security.

ⁱ	Affiliate of the Fund.

^j	Annualized 7-day yield as of period end.

^k	All or a portion of this security was purchased with cash collateral received from loaned securities.

Affiliates


Affiliated issuer	Shares held at 10/31/17 (000s)		Shares purchased (000s)		Shares sold (000s)		Shares held at 01/31/18 (000s)		Value at 01/31/18		Income			Net realized gain (loss)			Change in unrealized appreciation (depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares		35,102		3,200^a		—		38,302	$	38,309,803	$	53,317	^b	$	(1,762	)	$	1,647
BlackRock Cash Funds: Treasury, SL Agency Shares		1,574		52^a		—		1,626		1,625,639		4,129			—			—

									$	39,935,442	$	57,446		$	(1,762	)	$	1,647

Net of purchases and sales.

Fair Value Measurements


	Level 1		Level 2		Level 3		Total
Investments
Assets
Corporate bonds & notes	$	—	$	228,882,193	$	—	$	228,882,193
Money market funds		39,935,442		—		—		39,935,442

Total	$	39,935,442	$	228,882,193	$	—	$	268,817,635


46

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 Treasurer and Chief Financial Officer (the registrant’s Principal Financial Officer) as required by Rule 30a-2(a) under the Investment Company Act of 1940 are filed with this Form N-Q as exhibits.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

iShares, Inc.


By:		/s/ Martin Small
		Martin Small, President (Principal Executive Officer)

Date:		March 29, 2018

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By:		/s/ Martin Small
		Martin Small, President (Principal Executive Officer)

Date:		March 29, 2018


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

Date:		March 29, 2018