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

100 Summer Street, 4^th Floor, Boston, MA 02110

(Address of principal executive offices) (Zip code)

The Corporation Trust Incorporated

2405 York Road, Suite 201, Lutherville-Timonium, Maryland 21093

(Name and address of agent for service)

Registrant’s telephone number, including area code: (415) 670-2000

Date of fiscal year end: October 31, 2019

Date of reporting period: January 31, 2019

Item 1. Schedules of Investments.

Schedule of Investments  (unaudited) January 31, 2019 iShares^® Emerging Markets High Yield Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Corporate Bonds & Notes
Argentina — 1.2%
Pampa Energia SA
7.38%, 07/21/23 (Call 07/21/20)(a)	$	300	$	285,375
7.50%, 01/24/27 (Call 01/24/22)(a)		350		311,938
YPF SA
6.95%, 07/21/27(a)		600		538,500
7.00%, 12/15/47 (Call 06/15/47)(a)		400		326,800
8.50%, 03/23/21(a)		500		508,125
8.50%, 07/28/25(a)		500		489,500
8.75%, 04/04/24(a)		616		617,971
				3,078,209
Azerbaijan — 0.4%
Southern Gas Corridor CJSC, 6.88%, 03/24/26 (a)		1,000		1,117,500
Bahrain — 0.3%
Oil and Gas Holding Co. BSCC (The)
7.50%, 10/25/27(a)		600		621,000
8.38%, 11/07/28(a)		200		214,000
				835,000
Brazil — 14.1%
Banco Bradesco SA/Cayman Islands
5.75%, 03/01/22(a)		600		622,920
5.90%, 01/16/21(a)		600		615,750
Banco BTG Pactual SA/Cayman Islands, 5.50%, 01/31/23(a)		200		197,900
Banco do Brasil SA/Cayman
3.88%, 10/10/22		600		590,400
4.63%, 01/15/25(a)		400		392,064
4.88%, 04/19/23(a)		400		404,200
5.38%, 01/15/21(a)		100		101,450
5.88%, 01/26/22(a)		900		934,290
5.88%, 01/19/23(a)		600		623,979
Braskem Finance Ltd.
5.38%, 05/02/22(a)		200		206,855
5.75%, 04/15/21(a)		400		414,500
6.45%, 02/03/24		400		433,000
BRF SA
3.95%, 05/22/23(a)		400		365,600
4.75%, 05/22/24(a)		200		185,500
Caixa Economica Federal
3.50%, 11/07/22(a)		450		433,688
7.25%, 07/23/24 (Call 07/23/19)(a)(b)(c)		200		202,000
Cemig Geracao e Transmissao SA, 9.25%, 12/05/24 (Call 12/05/23)(a)		400		436,494
Centrais Eletricas Brasileiras SA, 5.75%, 10/27/21(a)		800		814,800
CSN Resources SA, 6.50%, 07/21/20(a)		692		680,755
Embraer Netherlands Finance BV, 5.05%, 06/15/25		400		412,724
Embraer Overseas Ltd., 5.70%, 09/16/23(a)		450		474,750
Fibria Overseas Finance Ltd., 5.25%, 05/12/24		400		411,500
Gol Finance Inc., 7.00%, 01/31/25 (Call 01/31/22)(a)		400		368,500
GTL Trade Finance Inc./Gerdau Holdings Inc., 5.89%, 04/29/24 (Call 01/29/24)(a)		300		315,660
Itau Unibanco Holding SA/Cayman Islands
5.13%, 05/13/23(a)		820		839,680
5.50%, 08/06/22(a)		960		992,640
5.65%, 03/19/22(a)		200		206,840
5.75%, 01/22/21(a)		300		307,140
6.20%, 04/15/20(a)		700		716,625
6.20%, 12/21/21(a)		800		840,408

Security	Par (000)		Value
Brazil (continued)
JBS Investments GmbH
6.25%, 02/05/23 (Call 02/05/19)(a)	$	200	$	199,000
7.25%, 04/03/24 (Call 04/03/19)(a)		200		206,314
JBS USA LUX SA/JBS USA Finance Inc.
5.75%, 06/15/25 (Call 06/15/20)(a)		650		648,375
5.88%, 07/15/24 (Call 07/15/19)(a)		525		531,563
6.75%, 02/15/28 (Call 02/15/23)(a)		400		404,000
7.25%, 06/01/21 (Call 06/01/19)(a)		400		405,520
Klabin Finance SA
4.88%, 09/19/27(a)		200		187,250
5.25%, 07/16/24(a)		200		201,000
MARB BondCo PLC
6.88%, 01/19/25 (Call 01/19/21)(a)		600		570,000
7.00%, 03/15/24 (Call 03/15/20)(a)		400		389,000
Marfrig Holdings Europe BV, 8.00%, 06/08/23 (Call 06/08/19)(a)		200		206,120
Minerva Luxembourg SA, 6.50%, 09/20/26 (Call 09/20/21)(a)		500		477,500
Odebrecht Finance Ltd.
4.38%, 04/25/25(a)		200		25,500
7.13%, 06/26/42 (Call 12/26/41)(a)		400		50,000
Petrobras Global Finance BV
4.38%, 05/20/23		1,256		1,253,048
5.30%, 01/27/25		1,500		1,497,150
5.38%, 01/27/21		594		610,038
5.63%, 05/20/43		400		359,400
5.75%, 02/01/29		1,392		1,365,830
6.00%, 01/27/28		2,468		2,463,064
6.13%, 01/17/22		709		745,166
6.25%, 03/17/24		1,361		1,436,373
6.75%, 01/27/41		500		499,500
6.85%, 06/05/15		1,083		1,051,052
6.88%, 01/20/40		300		302,496
7.25%, 03/17/44		1,086		1,146,816
7.38%, 01/17/27		1,601		1,731,081
8.38%, 05/23/21		200		219,800
8.75%, 05/23/26		1,679		1,964,850
Rio Oil Finance Trust, Series 2014-1, 9.25%, 07/06/24(a)		635		680,888
Rumo Luxembourg Sarl
5.88%, 01/18/25 (Call 01/18/22)(a)		200		197,770
7.38%, 02/09/24 (Call 02/09/21)(a)		200		211,250
Votorantim Cimentos SA, 7.25%, 04/05/41(a)		500		521,385
				37,300,711
Chile — 0.2%
VTR Finance BV, 6.88%, 01/15/24 (Call 01/15/20)(a)		600		614,940
China — 5.4%
Agile Group Holdings Ltd.
8.50%, 07/18/21 (Call 07/18/20)(a)		200		208,464
9.00%, 05/21/20 (Call 05/21/19)(a)		400		413,954
CFLD Cayman Investment Ltd., 6.50%, 12/21/20(a)		600		562,413
China Aoyuan Group Ltd., 7.95%, 09/07/21 (Call 09/07/20)(a)		300		305,748
China Evergrande Group
6.25%, 06/28/21(a)		400		374,482
7.50%, 06/28/23 (Call 06/28/20)(a)		600		539,751
8.25%, 03/23/22 (Call 03/23/20)(a)		600		568,899
8.75%, 06/28/25 (Call 06/28/21)(a)		2,166		1,916,910
9.50%, 03/29/24 (Call 03/29/21)(a)		500		465,000
China SCE Group Holdings Ltd.
5.88%, 03/10/22 (Call 03/10/20)(a)		200		189,017
7.45%, 04/17/21 (Call 04/17/20)(a)		400		399,753

1

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® Emerging Markets High Yield Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
China (continued)
CIFI Holdings Group Co. Ltd.
5.50%, 01/23/22 (Call 01/23/20)(a)	$	400	$	377,000
6.88%, 04/23/21 (Call 04/23/20)(a)		200		200,000
Country Garden Holdings Co. Ltd.
4.75%, 07/25/22 (Call 07/25/20)(a)		400		377,766
4.75%, 09/28/23 (Call 09/28/20)(a)		400		363,358
7.25%, 04/04/21 (Call 10/04/19)(a)		200		202,541
7.50%, 03/09/20 (Call 03/09/19)(a)		400		408,600
Easy Tactic Ltd.
5.75%, 01/13/22 (Call 01/13/20)(a)		600		565,785
5.88%, 02/13/23 (Call 11/17/20)(a)		200		181,250
7.00%, 04/25/21 (Call 04/25/20)(a)		200		197,560
Fantasia Holdings Group Co. Ltd.
7.38%, 10/04/21 (Call 10/04/19)(a)		200		162,530
8.38%, 03/08/21(a)		400		343,363
Fortune Star BVI Ltd.
5.25%, 03/23/22 (Call 03/23/20)(a)		600		568,851
5.38%, 12/05/20(a)		200		196,000
Greenland Global Investment Ltd., 5.88%, 07/03/24(a)		400		345,690
KWG Group Holdings Ltd., 6.00%, 09/15/22 (Call 03/15/20)(a)		200		188,157
New Metro Global Ltd., 6.50%, 04/23/21 (Call 04/23/20)(a)		200		198,000
Powerlong Real Estate Holdings Ltd., 5.95%, 07/19/20(a)		400		392,000
Ronshine China Holdings Ltd.,
8.25%, 02/01/21 (Call 02/01/20)(a)		400		395,736
Scenery Journey Ltd.
13.00%, 11/06/22 (Call 11/06/20)(a)		200		212,000
13.75%, 11/06/23 (Call 11/06/21)(a)		300		317,625
Shimao Property Holdings Ltd.
4.75%, 07/03/22 (Call 07/03/20)(a)		800		778,892
8.38%, 02/10/22 (Call 02/10/19)(a)		200		208,719
Sunac China Holdings Ltd.
7.35%, 07/19/21 (Call 07/19/20)(a)		400		398,000
7.95%, 08/08/22 (Call 08/08/20)(a)		200		198,535
Times China Holdings Ltd., 6.25%, 01/17/21 (Call 01/31/20)(a)		200		196,472
Yuzhou Properties Co. Ltd., 7.90%, 05/11/21 (Call 05/11/20)(a)		400		405,910
				14,324,731
Colombia — 1.3%
Banco de Bogota SA
4.38%, 08/03/27(a)		200		191,175
5.38%, 02/19/23(a)		400		411,000
6.25%, 05/12/26(a)		600		625,725
Bancolombia SA
4.88%, 10/18/27 (Call 10/18/22)(b)(c)		400		395,820
5.13%, 09/11/22		400		410,500
Colombia Telecomunicaciones SA ESP, 5.38%, 09/27/22 (Call 09/27/19)(a)		345		348,450
Grupo Aval Ltd., 4.75%, 09/26/22(a)		400		394,204
Millicom International Cellular SA, 6.00%, 03/15/25 (Call 03/15/20)(a)		700		698,250
				3,475,124
Costa Rica — 0.1%
Banco Nacional de Costa Rica, 5.88%, 04/25/21(a)		235		230,888
Ghana — 0.2%
Tullow Oil PLC, 7.00%, 03/01/25 (Call 03/01/21)(a)		400		386,000
India — 1.1%
ABJA Investment Co. Pte Ltd.
5.45%, 01/24/28(a)		400		359,500
5.95%, 07/31/24(a)		625		629,678

Security	Par (000)		Value
India (continued)
Greenko Dutch BV, 5.25%, 07/24/24 (Call 07/24/20)(a)	$	400	$	372,500
JSW Steel Ltd., 5.25%, 04/13/22(a)		200		198,681
Vedanta Resources PLC
6.13%, 08/09/24 (Call 08/09/21)(a)		400		364,108
6.38%, 07/30/22(a)		600		580,053
7.13%, 05/31/23(a)		300		289,500
8.25%, 06/07/21(a)		200		207,039
				3,001,059
Indonesia — 0.1%
Pelabuhan Indonesia III Persero PT, 4.88%, 10/01/24(a)		200		202,500
Israel — 2.4%
Teva Pharmaceutical Finance Co. BV, 2.95%, 12/18/22		350		325,938
Teva Pharmaceutical Finance Netherlands III BV
2.20%, 07/21/21		1,751		1,650,326
2.80%, 07/21/23		1,275		1,144,312
3.15%, 10/01/26		1,500		1,244,850
4.10%, 10/01/46		1,000		727,405
6.00%, 04/15/24 (Call 01/15/24)		400		404,802
6.75%, 03/01/28 (Call 12/01/27)		800		821,600
				6,319,233
Jamaica — 0.5%
Digicel Group One Ltd., 8.25%, 12/30/22 (Call 12/30/20)(d)		563		464,475
Digicel Group Two Ltd., 8.25%, 09/30/22 (Call 09/30/20)(d)		437		238,165
Digicel Ltd.
6.00%, 04/15/21 (Call 04/15/19)(a)		450		416,250
6.75%, 03/01/23 (Call 03/01/19)(a)		400		325,880
				1,444,770
Kazakhstan — 1.3%
Development Bank of Kazakhstan JSC, 4.13%, 12/10/22(a)		450		447,750
Halyk Savings Bank of Kazakhstan JSC, 7.25%, 01/28/21(a)		600		625,500
Kazakhstan Temir Zholy Finance BV, 6.95%, 07/10/42(a)		600		670,500
KazMunayGas National Co. JSC
3.88%, 04/19/22(a)		200		199,500
4.75%, 04/19/27(a)		800		808,000
5.75%, 04/19/47(a)		400		403,580
Nostrum Oil & Gas Finance BV, 8.00%, 07/25/22 (Call 07/25/19)(a)		400		262,999
				3,417,829
Mexico — 1.2%
Axtel SAB de CV, 6.38%, 11/14/24 (Call 11/14/20)(a)		200		192,250
Banco Mercantil del Norte SA/Grand Cayman, 5.75%, 10/04/31 (Call 10/04/26)(a)(b)(c)		200		187,520
Banco Nacional de Comercio Exterior SNC, 3.80%, 08/11/26 (Call 08/11/21)(a)(b)(c)		400		387,034
BBVA Bancomer SA/Texas
5.13%, 01/18/33 (Call 01/18/28)(a)(b)(c)		600		538,500
7.25%, 04/22/20(a)		200		207,000
Cemex Finance LLC, 6.00%, 04/01/24 (Call 04/01/19)(a)		450		458,273
Cemex SAB de CV
5.70%, 01/11/25 (Call 01/11/20)(a)		700		702,450
6.13%, 05/05/25 (Call 05/05/20)(a)		400		407,288
7.75%, 04/16/26 (Call 04/16/21)(a)		200		216,000
				3,296,315
Oman — 0.5%
Bank Muscat SAOG, 3.75%, 05/03/21(a)		400		390,000
Lamar Funding Ltd., 3.96%, 05/07/25(a)		400		337,000

2

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® Emerging Markets High Yield Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oman (continued)
Oztel Holdings SPC Ltd.
5.63%, 10/24/23(a)	$	200	$	194,748
6.63%, 04/24/28(a)		500		470,000
				1,391,748
Panama — 0.0%
Sable International Finance Ltd., 6.88%, 08/01/22 (Call 08/01/19)(a)		50		51,563
Russia — 2.1%
Alfa Bank AO Via Alfa Bond Issuance PLC, 7.75%, 04/28/21(a)		400		424,500
Credit Bank of Moscow Via CBOM Finance PLC, 7.50%, 10/05/27 (Call 10/05/22)(a)(b)(c)		200		164,000
Evraz Group SA
5.38%, 03/20/23(a)		200		199,500
6.50%, 04/22/20(a)		336		342,720
6.75%, 01/31/22(a)		400		417,500
8.25%, 01/28/21(a)		350		371,875
GTLK Europe DAC, 5.13%, 05/31/24(a)		200		189,750
Metalloinvest Finance DAC, 4.85%, 05/02/24(a)		400		391,500
Polyus Finance PLC, 5.25%, 02/07/23(a)		400		397,500
Polyus Gold International Ltd., 5.63%, 04/29/20(a)		200		201,750
Sberbank of Russia Via SB Capital SA, 5.13%, 10/29/22(a)		1,100		1,097,250
VEON Holdings BV
3.95%, 06/16/21 (Call 03/16/21)(a)		200		195,000
4.95%, 06/16/24 (Call 03/16/24)(a)		400		390,000
VTB Bank OJSC Via VTB Capital SA, 6.95%, 10/17/22(a)		800		819,000
				5,601,845
South Africa — 1.9%
AngloGold Ashanti Holdings PLC
5.13%, 08/01/22		545		555,900
5.38%, 04/15/20		309		313,249
Eskom Holdings SOC Ltd.
5.75%, 01/26/21(a)		800		785,000
6.35%, 08/10/28(a)		200		204,500
6.75%, 08/06/23(a)		617		606,973
7.13%, 02/11/25(a)		860		847,100
8.45%, 08/10/28(a)		200		207,250
FirstRand Bank Ltd., 6.25%, 04/23/28 (Call 04/23/23)(a)(b)(c)		400		408,000
Gold Fields Orogen Holding BVI Ltd., 4.88%, 10/07/20(a)		200		201,250
MTN Mauritius Investment Ltd., 4.76%, 11/11/24(a)		400		378,000
Transnet SOC Ltd., 4.00%, 07/26/22(a)		471		451,218
				4,958,440
South Korea — 0.1%
Woori Bank, 5.00%, 06/10/45 (Call 06/10/20)(a)(b)(c)		200		201,000
Trinidad And Tobago — 0.1%
Consolidated Energy Finance SA, 6.88%, 06/15/25 (Call 06/15/20)(a)		300		294,000
Tunisia — 0.1%
Turkiye Vakiflar Bankasi TAO, 5.63%, 05/30/22(a)		200		189,380
Turkey — 3.5%
Akbank Turk AS
5.00%, 10/24/22(a)		450		426,938
5.13%, 03/31/25(a)		200		178,000
7.20%, 03/16/27 (Call 03/16/22)(a)(b)(c)		200		181,500
KOC Holding AS, 5.25%, 03/15/23 (Call 12/15/22)(a)		600		585,000
QNB Finansbank AS, 4.88%, 05/19/22(a)		288		272,117

Security	Par (000)		Value
Turkey (continued)
TC Ziraat Bankasi AS
4.75%, 04/29/21(a)	$	200	$	190,750
5.13%, 05/03/22(a)		570		530,812
Turk Telekomunikasyon AS, 4.88%, 06/19/24(a)		200		184,000
Turkcell Iletisim Hizmetleri AS
5.75%, 10/15/25(a)		200		189,000
5.80%, 04/11/28 (Call 01/11/28)(a)		200		184,000
Turkiye Garanti Bankasi AS
5.25%, 09/13/22(a)		200		192,250
5.88%, 03/16/23(a)		400		385,500
6.13%, 05/24/27 (Call 05/24/22)(a)(b)(c)		400		347,000
6.25%, 04/20/21(a)		200		201,250
Turkiye Halk Bankasi AS
4.75%, 02/11/21(a)		200		183,000
5.00%, 07/13/21(a)		300		273,000
Turkiye Is Bankasi AS
5.00%, 04/30/20(a)		400		393,500
5.00%, 06/25/21(a)		200		190,000
5.38%, 10/06/21(a)		700		665,000
6.00%, 10/24/22(a)		450		400,500
6.13%, 04/25/24(a)		700		624,750
7.00%, 06/29/28 (Call 06/29/23)(a)(b)(c)		200		162,000
Turkiye Vakiflar Bankasi TAO
5.50%, 10/27/21(a)		400		383,000
5.75%, 01/30/23(a)		400		373,128
6.00%, 11/01/22(a)		200		179,500
6.88%, 02/03/25 (Call 02/03/20)(a)(b)(c)		200		178,000
Yapi ve Kredi Bankasi AS
5.50%, 12/06/22(a)		600		531,000
5.75%, 02/24/22(a)		200		190,750
5.85%, 06/21/24(a)		200		179,000
6.10%, 03/16/23(a)		200		185,000
8.50%, 03/09/26 (Call 03/09/21)(a)(b)(c)		200		188,750
				9,327,995
Ukraine — 0.3%
Metinvest BV
7.75%, 04/23/23 (Call 01/23/23)(a)		200		190,500
8.50%, 04/23/26 (Call 01/23/26)(a)		400		377,500
MHP SE, 7.75%, 05/10/24(a)		200		191,750
				759,750
United Arab Emirates — 0.3%
DAE Funding LLC
4.50%, 08/01/22 (Call 08/01/19)(a)		200		197,000
5.00%, 08/01/24 (Call 08/01/20)(a)		700		690,375
				887,375
Total Corporate Bonds & Notes — 38.7% (Cost: $105,136,727)				102,707,905
Foreign Government Obligations(e)
Argentina — 6.8%
Argentine Republic Government International Bond
4.63%, 01/11/23		1,300		1,116,050
5.63%, 01/26/22		1,928		1,747,732
5.88%, 01/11/28		2,150		1,709,250
6.63%, 07/06/28		630		518,175
6.88%, 04/22/21		1,625		1,550,250
6.88%, 01/26/27		1,324		1,118,780
6.88%, 01/11/48		1,450		1,109,250

3

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® Emerging Markets High Yield Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Argentina (continued)
7.13%, 07/06/36	$	1,370	$	1,085,725
7.13%, 06/28/17		1,531		1,190,353
7.50%, 04/22/26		2,805		2,482,425
7.63%, 04/22/46		981		794,610
8.28%, 12/31/33		743		643,693
Series NY, 2.50%, 12/31/38(f)		1,960		1,161,477
Series NY, 8.28%, 12/31/33		1,938		1,705,102
				17,932,872
Azerbaijan — 0.3%
State Oil Co. of the Azerbaijan Republic
4.75%, 03/13/23(a)		350		354,130
6.95%, 03/18/30(a)		400		438,500
				792,630
Bahrain — 2.0%
Bahrain Government International Bond
5.50%, 03/31/20(a)		783		790,830
5.88%, 01/26/21(a)		350		357,000
6.00%, 09/19/44(a)		600		520,500
6.13%, 07/05/22(a)		800		832,000
6.13%, 08/01/23(a)		800		837,000
6.75%, 09/20/29(a)		600		607,500
7.00%, 01/26/26(a)		200		211,500
7.00%, 10/12/28(a)		600		621,000
7.50%, 09/20/47(a)		600		597,000
				5,374,330
Brazil — 5.9%
Banco Nacional de Desenvolvimento Economico e Social
5.50%, 07/12/20(a)		400		410,500
5.75%, 09/26/23(a)		400		424,850
Brazilian Government International Bond
2.63%, 01/05/23		1,100		1,057,100
4.25%, 01/07/25		1,948		1,965,532
4.63%, 01/13/28 (Call 10/13/27)		1,300		1,292,713
4.88%, 01/22/21		1,311		1,349,019
5.00%, 01/27/45		1,426		1,316,198
5.63%, 01/07/41		1,367		1,379,303
5.63%, 02/21/47		1,300		1,293,500
6.00%, 04/07/26		814		890,109
7.13%, 01/20/37		960		1,128,000
8.25%, 01/20/34		950		1,211,725
8.75%, 02/04/25		400		498,200
8.88%, 04/15/24		420		520,380
10.13%, 05/15/27		600		825,750
				15,562,879
Costa Rica — 0.6%
Costa Rica Government International Bond
4.25%, 01/26/23(a)		400		369,000
4.38%, 04/30/25(a)		200		176,199
5.63%, 04/30/43(a)		400		321,000
7.00%, 04/04/44(a)		662		591,663
7.16%, 03/12/45(a)		200		180,250
				1,638,112
Croatia — 1.1%
Croatia Government International Bond
5.50%, 04/04/23(a)		200		213,750
6.00%, 01/26/24(a)		700		770,875

Security	Par (000)		Value
Croatia (continued)
6.38%, 03/24/21(a)	$	1,206	$	1,272,330
6.63%, 07/14/20(a)		650		676,812
				2,933,767
Dominican Republic — 2.5%
Dominican Republic International Bond
5.50%, 01/27/25(a)		800		815,000
5.88%, 04/18/24(a)		640		660,800
5.95%, 01/25/27(a)		1,075		1,103,487
6.00%, 07/19/28(a)		450		463,500
6.50%, 02/15/48(a)		750		742,125
6.60%, 01/28/24(a)		313		332,719
6.85%, 01/27/45(a)		790		815,675
6.88%, 01/29/26(a)		603		648,828
7.45%, 04/30/44(a)		550		601,563
7.50%, 05/06/21(a)		500		518,750
				6,702,447
Ecuador — 2.9%
Ecuador Government International Bond
7.88%, 01/23/28(a)		1,500		1,324,500
7.95%, 06/20/24(a)		645		609,525
8.75%, 06/02/23(a)		900		887,850
8.88%, 10/23/27(a)		1,100		1,024,375
9.63%, 06/02/27(a)		600		580,500
9.65%, 12/13/26(a)		844		822,900
10.50%, 03/24/20(a)		1,100		1,144,000
10.75%, 03/28/22(a)		1,162		1,225,910
				7,619,560
Egypt — 2.5%
Egypt Government International Bond
5.58%, 02/21/23(a)		800		777,000
5.75%, 04/29/20(a)		560		565,600
5.88%, 06/11/25(a)		800		753,000
6.13%, 01/31/22(a)		900		895,500
6.59%, 02/21/28(a)		614		571,787
6.88%, 04/30/40(a)		406		350,175
7.50%, 01/31/27(a)		1,000		991,250
7.90%, 02/21/48(a)		400		369,500
8.50%, 01/31/47(a)		1,300		1,252,914
				6,526,726
El Salvador — 0.9%
El Salvador Government International Bond
5.88%, 01/30/25(a)		200		190,750
6.38%, 01/18/27(a)		500		480,625
7.63%, 02/01/41(a)		500		494,375
7.65%, 06/15/35(a)		400		399,210
7.75%, 01/24/23(a)		600		630,750
8.25%, 04/10/32(a)		200		210,000
8.63%, 02/28/29(a)		100		108,125
				2,513,835
Ghana — 1.0%
Ghana Government International Bond
7.63%, 05/16/29(a)		800		762,000
7.88%, 08/07/23(a)		400		415,000
8.13%, 01/18/26(a)		370		376,013
8.63%, 06/16/49(a)		200		186,000
10.75%, 10/14/30(a)		700		822,500
				2,561,513

4

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® Emerging Markets High Yield Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Guatemala — 0.4%
Guatemala Government Bond
4.50%, 05/03/26(a)	$	400	$	391,000
4.88%, 02/13/28(a)		400		393,478
5.75%, 06/06/22(a)		400		418,000
				1,202,478
Ivory Coast — 0.5%
Ivory Coast Government International Bond 5.38%, 07/23/24(a)		200		190,500
6.13%, 06/15/33(a)		400		357,000
6.38%, 03/03/28(a)		700		669,375
				1,216,875
Jamaica — 1.0%
Jamaica Government International Bond 6.75%, 04/28/28		600		658,800
7.63%, 07/09/25		700		796,800
7.88%, 07/28/45		700		826,000
8.00%, 03/15/39		400		474,000
				2,755,600
Jordan — 0.5%
Jordan Government International Bond 5.75%, 01/31/27(a)		400		385,000
6.13%, 01/29/26(a)		600		595,500
7.38%, 10/10/47(a)		400		378,000
				1,358,500
Lebanon — 3.1%
Lebanon Government International Bond 5.80%, 04/14/20(a)		100		94,125
6.00%, 01/27/23(a)		100		89,000
6.10%, 10/04/22(a)		900		790,875
6.15%, 06/19/20		350		329,875
6.20%, 02/26/25(a)		550		467,500
6.25%, 05/27/22		400		352,000
6.25%, 11/04/24(a)		435		369,750
6.38%, 03/09/20		400		384,000
6.40%, 05/26/23		100		88,000
6.60%, 11/27/26(a)		550		460,625
6.65%, 04/22/24(a)		620		545,600
6.65%, 11/03/28(a)		400		332,000
6.65%, 02/26/30(a)		790		647,800
6.75%, 11/29/27(a)		600		501,000
6.85%, 03/23/27(a)		800		672,000
6.85%, 05/25/29		600		493,089
7.00%, 03/23/32(a)		100		81,750
7.05%, 11/02/35(a)		300		246,000
7.25%, 03/23/37(a)		100		81,500
8.25%, 04/12/21(a)		1,256		1,196,340
				8,222,829
Morocco — 0.4%
Morocco Government International Bond 4.25%, 12/11/22(a)		690		696,038
5.50%, 12/11/42(a)		400		418,000
				1,114,038
Nigeria — 1.9%
Nigeria Government International Bond 6.38%, 07/12/23(a)		200		203,250
6.50%, 11/28/27(a)		700		671,125
6.75%, 01/28/21(a)		400		411,500
7.14%, 02/23/30(a)		514		494,725

Security	Par (000)		Value
Nigeria (continued)
7.63%, 11/21/25(a)	$	300	$	312,375
7.63%, 11/28/47(a)		700		658,875
7.70%, 02/23/38(a)		800		769,000
7.88%, 02/16/32(a)		800		797,000
8.75%, 01/21/31(a)		500		528,750
9.25%, 01/21/49(a)		300		318,750
				5,165,350
Pakistan — 0.6%
Pakistan Government International Bond 6.88%, 12/05/27(a)		400		387,500
8.25%, 04/15/24(a)		727		768,763
8.25%, 09/30/25(a)		400		423,000
				1,579,263
Russia — 3.9%
Russian Foreign Bond-Eurobond 4.50%, 04/04/22(a)		1,200		1,225,800
4.88%, 09/16/23(a)		1,600		1,656,000
5.00%, 04/29/20(a)		1,600		1,630,000
5.63%, 04/04/42(a)		1,200		1,285,500
5.88%, 09/16/43(a)		1,000		1,102,500
7.50%, 03/31/30(a)(f)		1,729		1,915,385
12.75%, 06/24/28(a)		1,028		1,649,940
				10,465,125
Senegal — 0.5%
Senegal Government International Bond 6.25%, 07/30/24(a)		200		202,750
6.25%, 05/23/33(a)		700		651,000
6.75%, 03/13/48(a)		400		356,000
				1,209,750
Serbia — 0.4%
Serbia International Bond, 7.25%, 09/28/21(a)		886		963,082
South Africa — 3.0%
Republic of South Africa Government International Bond 4.30%, 10/12/28		600		559,500
4.67%, 01/17/24		200		200,750
4.85%, 09/27/27		800		779,000
4.88%, 04/14/26		200		198,000
5.00%, 10/12/46		500		448,750
5.38%, 07/24/44		500		465,625
5.50%, 03/09/20		1,068		1,088,025
5.65%, 09/27/47		1,100		1,045,000
5.88%, 05/30/22		850		894,625
5.88%, 09/16/25		1,086		1,138,942
5.88%, 06/22/30		600		616,500
6.25%, 03/08/41		200		206,750
6.30%, 06/22/48		200		203,500
				7,844,967
Sri Lanka — 1.8%
Sri Lanka Government International Bond 5.75%, 01/18/22(a)		200		196,801
5.75%, 04/18/23(a)		400		385,500
5.88%, 07/25/22(a)		362		355,212
6.13%, 06/03/25(a)		500		476,250
6.20%, 05/11/27(a)		600		557,250
6.25%, 10/04/20(a)		300		301,125
6.25%, 07/27/21(a)		578		579,445
6.75%, 04/18/28(a)		400		381,500

5

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® Emerging Markets High Yield Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Sri Lanka (continued)
6.83%, 07/18/26(a)	$	800	$	779,044
6.85%, 11/03/25(a)		800		787,000
				4,799,127
Trinidad And Tobago — 0.3%
Trinidad & Tobago Government International Bond 4.38%, 01/16/24(a)		400		391,200
4.50%, 08/04/26(a)		400		371,574
				762,774
Turkey — 9.3%
Export Credit Bank of Turkey 5.00%, 09/23/21(a)		250		242,500
5.38%, 02/08/21(a)		400		392,000
5.38%, 10/24/23(a)		200		186,750
Turkey Government International Bond 3.25%, 03/23/23		1,400		1,277,500
4.25%, 04/14/26		1,000		880,000
4.88%, 10/09/26		1,860		1,685,625
4.88%, 04/16/43		1,529		1,200,265
5.13%, 03/25/22		749		738,701
5.13%, 02/17/28		1,000		901,250
5.63%, 03/30/21		886		897,075
5.75%, 03/22/24		1,850		1,822,250
5.75%, 05/11/47		1,476		1,258,290
6.00%, 03/25/27		1,221		1,176,739
6.00%, 01/14/41		1,216		1,079,200
6.13%, 10/24/28		600		576,000
6.25%, 09/26/22		883		898,453
6.63%, 02/17/45		1,779		1,685,602
6.75%, 05/30/40		675		653,063
6.88%, 03/17/36		1,391		1,364,919
7.00%, 06/05/20		600		615,750
7.25%, 12/23/23		200		210,000
7.25%, 03/05/38		500		508,750
7.38%, 02/05/25		1,570		1,644,575
7.63%, 04/26/29		800		839,020
8.00%, 02/14/34		863		934,197
11.88%, 01/15/30		750		1,025,625
				24,694,099
Ukraine — 2.8%
Ukraine Government International Bond 7.38%, 09/25/32(a)		1,400		1,190,000
7.75%, 09/01/20(a)		500		495,000
7.75%, 09/01/21(a)		850		835,125
7.75%, 09/01/22(a)		500		482,500
7.75%, 09/01/23(a)		775		740,125
7.75%, 09/01/24(a)		918		856,035
7.75%, 09/01/25(a)		436		400,030
7.75%, 09/01/26(a)		400		363,000
7.75%, 09/01/27(a)		948		855,570
8.99%, 02/01/24(a)		300		294,750

Security	Par/ Shares (000)		Value
Ukraine (continued)
9.75%, 11/01/28(a)	$	500	$	495,000
Ukreximbank Via Biz Finance PLC, 9.75%, 01/22/25(a)		450		435,937
				7,443,072
Venezuela — 1.5%
Venezuela Government International Bond 6.00%, 12/09/20(a)(g)		640		197,120
7.00%, 03/31/38(a)(g)		600		184,500
7.65%, 04/21/25(a)(g)		658		205,625
8.25%, 10/13/24(a)(g)		1,230		393,600
9.00%, 05/07/23(a)(g)		1,037		331,840
9.25%, 09/15/27(g)		1,962		645,008
9.25%, 05/07/28(a)(g)		892		276,520
9.38%, 01/13/34(g)		730		253,675
11.75%, 10/21/26(a)(g)		1,435		477,138
11.95%, 08/05/31(a)(g)		2,030		682,587
12.75%, 08/23/22(a)(g)		1,430		473,351
				4,120,964
Vietnam — 0.2%
Vietnam Government International Bond, 4.80%, 11/19/24(a)		400		417,838
Total Foreign Government Obligations — 58.6% (Cost: $169,785,288)				155,494,402
Short-Term Investments
Money Market Funds — 1.4%
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.31%(h)(i)		3,794		3,794,463
Total Short-Term Investments — 1.4% (Cost: $3,794,463)				3,794,463
Total Investments in Securities — 98.7% (Cost: $278,716,478)				261,996,770
Other Assets, Less Liabilities — 1.3%				3,326,565
Net Assets — 100.0%			$	265,323,335

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

^(b)  Security is issued at a fixed coupon rate, which converts to a variable rate at a specified date. Reference index and spread are provided if the rate is currently floating.

^(c)  Variable or floating rate security. Rate shown is the rate in effect as of period-end.

^(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)  U.S. dollar denominated security issued by foreign domiciled entity.

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

^(g)  Issuer filed for bankruptcy and/or is in default.

^(h)  Affiliate of the Fund.

⁽ⁱ⁾  Annualized 7-day yield as of period-end.

6

Schedule of Investments  (unaudited) (continued)January 31, 2019 iShares^® Emerging Markets High Yield Bond ETF

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended January 31, 2019, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Shares Held at 10/31/18 (000)		Net Activity (000)		Shares Held at 01/31/19 (000)		Value at 01/31/19		Income		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Treasury, SL Agency Shares		3,376		418		3,794	$	3,794,463	$	10,200	$	—	$	—

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, 2019. 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	$	—	$	102,707,905	$	—	$	102,707,905
Foreign Government Obligations		—		155,494,402		—		155,494,402
Money Market Funds		3,794,463		—		—		3,794,463
	$	3,794,463	$	258,202,307	$	—	$	261,996,770

7

Schedule of Investments  (unaudited) January 31, 2019 iShares^® International High Yield Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
Corporate Bonds & Notes
Austria — 0.2%
Raiffeisenlandesbank Niederoesterreich-Wien AG, 5.88%, 11/27/23(a)	EUR		100	$	126,353
Belgium — 0.5%
Telenet Finance Luxembourg Notes Sarl, 3.50%, 03/01/28 (Call 12/01/22)(a)	EUR		200		226,746
Canada — 1.9%
Baytex Energy Corp., 6.63%, 07/19/22 (Call 03/01/19)	CAD		75		55,323
Bombardier Inc., 6.13%, 05/15/21(a)	EUR		200		235,187
Brookfield Residential Properties Inc., 6.13%, 05/15/23 (Call 03/01/19)(a)	CAD		50		37,727
Cott Corp., 5.50%, 07/01/24 (Call 07/01/19)(a)	EUR		100		120,422
Iron Mountain Canada Operations ULC, 5.38%, 09/15/23 (Call 09/15/19)(a)	CAD		50		38,013
Mattamy Group Corp., 6.50%, 10/01/25 (Call 10/01/20)(b)	CAD		50		35,883
Parkland Fuel Corp. 5.63%, 05/09/25 (Call 05/09/20)	CAD		150		110,540
5.75%, 09/16/24 (Call 09/16/19)	CAD		100		74,550
Postmedia Network Inc., 8.25%, 07/15/21 (Call 03/01/19)(b)	CAD		3		1,931
Quebecor Media Inc., 6.63%, 01/15/23(b)	CAD		100		80,284
Southern Pacific Resource Corp., 8.75%, 01/25/18(b)(c)(d)	CAD		50		4
Videotron Ltd. 5.63%, 06/15/25 (Call 03/15/25)	CAD		100		78,695
5.75%, 01/15/26 (Call 09/15/20)(a)	CAD		100		78,571
					947,130
Denmark — 1.0%
DKT Finance ApS, 7.00%, 06/17/23 (Call 06/17/20)(a)	EUR		200		247,961
TDC AS 3.75%, 03/02/22	EUR		100		126,447
5.63%, 02/23/23(a)	GBP		100		145,266
					519,674
Finland — 1.7%
Nokia OYJ 1.00%, 03/15/21 (Call 02/15/21)(a)	EUR		100		115,797
2.00%, 03/15/24 (Call 12/15/23)(a)	EUR		200		234,789
Teollisuuden Voima OYJ 2.13%, 02/04/25 (Call 11/04/24)(a)	EUR		100		114,766
2.50%, 03/17/21(a)	EUR		100		118,617
2.63%, 01/13/23(a)	EUR		200		238,471
					822,440
France — 11.5%
Altice France SA/France 5.63%, 05/15/24 (Call 05/15/19)(a)	EUR		200		236,069
5.88%, 02/01/27 (Call 02/01/22)(a)	EUR		250		289,287
Casino Guichard Perrachon SA 1.87%, 06/13/22 (Call 03/13/22)(a)	EUR		200		213,372
3.58%, 02/07/25 (Call 11/07/24)(a)	EUR		200		208,905
4.05%, 08/05/26 (Call 05/05/26)(a)	EUR		100		104,419
4.50%, 03/07/24 (Call 12/07/23)(a)	EUR		100		110,532
4.56%, 01/25/23(a)	EUR		200		224,468
5.24%, 03/09/20	EUR		100		119,539
5.98%, 05/26/21(a)	EUR		100		121,344
CMA CGM SA 5.25%, 01/15/25 (Call 10/15/20)(a)	EUR		200		194,982
7.75%, 01/15/21 (Call 02/11/19)(a)	EUR		200		229,524

Security		Par (000)		Value
France (continued)
Elis SA 1.88%, 02/15/23 (Call 11/15/22)(a)	EUR		100	$	115,072
2.88%, 02/15/26 (Call 11/15/25)(a)	EUR		100		114,546
3.00%, 04/30/22 (Call 03/04/19)(a)	EUR		100		115,894
Europcar Mobility Group 4.13%, 11/15/24 (Call 11/15/20)(a)	EUR		200		224,094
5.75%, 06/15/22 (Call 02/11/19)(a)	EUR		200		235,121
Faurecia SA 2.63%, 06/15/25 (Call 06/15/21)(a)	EUR		150		164,152
3.63%, 06/15/23 (Call 06/15/19)(a)	EUR		100		117,552
La Financiere Atalian SASU 4.00%, 05/15/24 (Call 05/15/20)(a)	EUR		100		88,904
5.13%, 05/15/25 (Call 05/15/21)(a)	EUR		100		88,412
Loxam SAS 3.50%, 05/03/23 (Call 05/03/19)(a)	EUR		100		116,430
4.88%, 07/23/21 (Call 02/11/19)(a)	EUR		58		67,783
6.00%, 04/15/25 (Call 04/15/20)(a)	EUR		100		117,836
Orano SA 3.13%, 03/20/23 (Call 12/20/22)(a)	EUR		100		114,965
3.25%, 09/04/20(a)	EUR		100		118,732
3.50%, 03/22/21(a)	EUR		200		239,048
4.88%, 09/23/24	EUR		200		238,416
Rexel SA 2.13%, 06/15/25 (Call 12/15/20)(a)	EUR		150		165,561
3.50%, 06/15/23 (Call 06/15/19)(a)	EUR		100		117,552
SPCM SA, 2.88%, 06/15/23 (Call 02/11/19)(a)	EUR		200		231,636
Synlab Bondco PLC, 6.25%, 07/01/22 (Call 02/11/19)(a)	EUR		200		237,144
Synlab Unsecured Bondco PLC, 8.25%, 07/01/23 (Call 02/11/19)(a)	EUR		150		182,531
Tereos Finance Groupe I SA 4.13%, 06/16/23 (Call 03/16/23)(a)	EUR		100		99,522
4.25%, 03/04/20 (Call 03/04/19)	EUR		100		112,324
Vallourec SA 2.25%, 09/30/24(a)	EUR		100		60,880
6.38%, 10/15/23 (Call 10/15/20)(a)	EUR		100		71,433
6.63%, 10/15/22 (Call 10/15/20)(a)	EUR		100		72,684
					5,680,665
Germany — 8.5%
ADLER Real Estate AG 1.50%, 12/06/21 (Call 11/06/21)(a)	EUR		100		113,717
1.88%, 04/27/23 (Call 03/27/23)(a)	EUR		200		223,198
3.00%, 04/27/26 (Call 02/27/26)(a)	EUR		100		111,486
Deutsche Bank AG 2.75%, 02/17/25(a)	EUR		225		253,587
4.50%, 05/19/26(a)	EUR		200		237,199
Deutsche Lufthansa AG, 5.13%, 08/12/75 (Call 02/12/21)(a)(e)(f)	EUR		150		180,969
Hapag-Lloyd AG 5.13%, 07/15/24 (Call 07/15/20)(a)	EUR		100		115,128
6.75%, 02/01/22 (Call 02/11/19)(a)	EUR		100		118,030
K+S AG 2.63%, 04/06/23 (Call 01/06/23)(a)	EUR		100		118,310
3.25%, 07/18/24 (Call 04/18/24)(a)	EUR		100		114,001
4.13%, 12/06/21(a)	EUR		200		245,610
LANXESS AG, 4.50%, 12/06/76 (Call 06/06/23)(a)(e)(f)	EUR		75		90,456
METRO AG 1.38%, 10/28/21(a)	EUR		100		114,538
1.50%, 03/19/25(a)	EUR		100		106,748
Nidda BondCo GmbH, 5.00%, 09/30/25 (Call 09/30/20)(a)	EUR		100		105,498

8

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® International High Yield Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
Germany (continued)
Nidda Healthcare Holding GmbH, 3.50%, 09/30/24 (Call 09/30/20)(a)	EUR		200	$	223,590
Norddeutsche Landesbank Girozentrale, 6.00%, 06/29/20	EUR		100		109,648
RWE AG 2.75%, 04/21/75 (Call 10/21/20)(a)(e)(f)	EUR		125		144,478
3.50%, 04/21/75 (Call 04/21/25)(a)(e)(f)	EUR		50		56,784
thyssenkrupp AG 1.38%, 03/03/22 (Call 12/03/21)(a)	EUR		350		397,665
1.75%, 11/25/20 (Call 08/25/20)(a)	EUR		250		290,538
2.50%, 02/25/25(a)	EUR		100		115,763
Unitymedia GmbH, 3.75%, 01/15/27 (Call 01/15/21)(a)	EUR		200		238,361
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
3.50%, 01/15/27 (Call 01/15/21)(a)	EUR		100		119,146
4.00%, 01/15/25 (Call 01/15/20)(a)	EUR		100		119,274
4.63%, 02/15/26 (Call 02/15/21)(a)	EUR		90		110,929
					4,174,651
Greece — 0.7%
OTE PLC 2.38%, 07/18/22(a)	EUR		100		117,292
3.50%, 07/09/20(a)	EUR		175		207,339
					324,631
Ireland — 3.5%
Allied Irish Banks PLC, 4.13%, 11/26/25 (Call 11/26/20)(a)(e)(f)	EUR		100		117,922
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc. 4.13%, 05/15/23 (Call 05/15/19)(a)	EUR		200		235,611
4.75%, 07/15/27 (Call 07/15/22)(a)	GBP		100		118,670
6.75%, 05/15/24 (Call 05/15/19)(a)	EUR		150		181,674
Bank of Ireland Group PLC, 3.13%, 09/19/27 (Call 09/19/22)(a)(e)(f)	GBP		100		124,588
James Hardie International Finance DAC, 3.63%, 10/01/26 (Call 10/01/21)(a)	EUR		100		112,649
Smurfit Kappa Acquisitions ULC 2.38%, 02/01/24 (Call 11/01/23)(a)	EUR		100		118,844
2.88%, 01/15/26(a)	EUR		125		145,893
3.25%, 06/01/21 (Call 03/10/21)(a)	EUR		200		241,995
Teva Pharmaceutical Finance Netherlands II BV, 1.13%, 10/15/24(a)	EUR		200		202,926
Virgin Media Receivables Financing Notes II DAC, 5.75%, 04/15/23 (Call 09/15/19)(a)	GBP		100		132,779
					1,733,551
Israel — 2.7%
Teva Pharmaceutical Finance Netherlands II BV 0.38%, 07/25/20(a)	EUR		350		396,858
1.25%, 03/31/23 (Call 12/31/22)(a)	EUR		300		323,596
1.63%, 10/15/28(a)	EUR		150		137,541
1.88%, 03/31/27 (Call 12/31/26)(a)	EUR		100		98,687
4.50%, 03/01/25 (Call 12/01/24)	EUR		300		360,208
					1,316,890
Italy — 18.4%
Banca IFIS SpA, 2.00%, 04/24/23(a)	EUR		100		106,149
Banca Monte dei Paschi di Siena SpA, 5.38%, 01/18/28 (Call 01/18/23)(a)(e)(f)	EUR		200		99,713
Banco BPM SpA 1.75%, 04/24/23(a)	EUR		100		110,242
2.75%, 07/27/20(a)	EUR		275		323,144
4.38%, 09/21/27 (Call 09/21/22)(a)(e)(f)	EUR		100		107,411
6.00%, 11/05/20(a)	EUR		150		179,247
6.38%, 05/31/21(a)	EUR		100		121,066

Security		Par (000)		Value
Italy (continued)
BPER Banca, 5.13%, 05/31/27 (Call 05/31/22)(a)(e)(f)	EUR		100	$	110,114
Fiat Chrysler Finance Europe SA 4.75%, 03/22/21(a)	EUR		150		185,165
4.75%, 07/15/22(a)	EUR		400		503,627
Iccrea Banca SpA 1.50%, 02/21/20(a)	EUR		100		115,336
1.50%, 10/11/22(a)	EUR		200		223,969
International Game Technology PLC 4.13%, 02/15/20 (Call 11/15/19)(a)	EUR		100		117,766
4.75%, 02/15/23 (Call 08/15/22)(a)	EUR		100		122,483
Intesa Sanpaolo SpA 2.86%, 04/23/25(a)	EUR		175		199,515
3.93%, 09/15/26(a)	EUR		175		204,227
5.15%, 07/16/20	EUR		150		182,551
6.63%, 09/13/23(a)	EUR		300		394,975
Leonardo SpA 1.50%, 06/07/24 (Call 03/07/24)(a)	EUR		125		137,205
4.50%, 01/19/21	EUR		200		246,799
Mediobanca Banca di Credito Finanziario SpA 3.75%, 06/16/26	EUR		75		88,638
5.00%, 11/15/20	EUR		100		120,785
5.75%, 04/18/23	EUR		125		158,852
Nexi Capital SpA, 4.13%, 11/01/23 (Call 11/30/19)(a)	EUR		150		174,508
Rossini Sarl, 6.75%, 10/30/25 (Call 10/30/21)(a)	EUR		200		234,555
Saipem Finance International BV 2.75%, 04/05/22(a)	EUR		100		117,112
3.00%, 03/08/21(a)	EUR		100		117,855
3.75%, 09/08/23(a)	EUR		100		120,124
Salini Impregilo SpA 1.75%, 10/26/24(a)	EUR		150		123,810
3.75%, 06/24/21(a)	EUR		100		99,001
Telecom Italia SpA/Milano 2.38%, 10/12/27 (Call 07/12/27)(a)	EUR		200		197,492
2.50%, 07/19/23(a)	EUR		100		110,509
2.88%, 01/28/26 (Call 10/28/25)(a)	EUR		100		105,202
3.00%, 09/30/25(a)	EUR		100		107,532
3.25%, 01/16/23(a)	EUR		150		172,885
3.63%, 01/19/24(a)	EUR		100		114,305
3.63%, 05/25/26(a)	EUR		100		110,155
4.00%, 04/11/24 (Call 01/11/24)(a)	EUR		125		143,767
4.88%, 09/25/20(a)	EUR		100		121,230
5.25%, 02/10/22(a)	EUR		300		370,122
UniCredit SpA 4.38%, 01/03/27 (Call 01/03/22)(a)(e)(f)	EUR		100		115,435
5.75%, 10/28/25 (Call 10/28/20)(a)(e)(f)	EUR		200		237,135
6.13%, 04/19/21(a)	EUR		100		124,712
6.95%, 10/31/22(a)	EUR		386		502,994
Unione di Banche Italiane SpA 4.25%, 05/05/26 (Call 05/05/21)(a)(e)(f)	EUR		200		223,812
4.45%, 09/15/27 (Call 09/15/22)(a)(e)(f)	EUR		100		111,230
Unipol Gruppo SpA 3.00%, 03/18/25(a)	EUR		175		198,650
3.50%, 11/29/27 (Call 08/29/27)(a)	EUR		100		108,506
4.38%, 03/05/21(a)	EUR		100		120,293
Wind Tre SpA 2.63%, 01/20/23 (Call 11/03/19)(a)	EUR		200		207,201
3.13%, 01/20/25 (Call 11/03/20)(a)	EUR		425		429,815
					9,078,926

9

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® International High Yield Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
Japan — 2.7%
SoftBank Group Corp. 3.13%, 09/19/25 (Call 06/21/25)(a)	EUR		250	$	276,925
4.00%, 07/30/22 (Call 04/30/22)(a)	EUR		200		242,585
4.00%, 09/19/29 (Call 06/21/29)(a)	EUR		200		212,589
4.50%, 04/20/25 (Call 01/20/25)(a)	EUR		100		119,165
4.75%, 07/30/25 (Call 04/30/25)(a)	EUR		100		118,909
5.00%, 04/15/28 (Call 01/16/28)(a)	EUR		300		349,594
					1,319,767
Luxembourg — 4.0%
Altice Financing SA, 5.25%, 02/15/23 (Call 03/04/19)(a)	EUR		200		232,479
Altice Finco SA, 4.75%, 01/15/28 (Call 10/15/22)(a)	EUR		100		94,462
Altice Luxembourg SA 6.25%, 02/15/25 (Call 02/15/20)(a)	EUR		200		197,858
7.25%, 05/15/22 (Call 03/04/19)(a)	EUR		400		451,431
Garfunkelux Holdco 3 SA, 8.50%, 11/01/22 (Call 02/11/19)(a)	GBP		200		220,626
INEOS Finance PLC, 2.13%, 11/15/25 (Call 11/15/20)(a)	EUR		100		108,103
INEOS Group Holdings SA, 5.38%, 08/01/24 (Call 08/01/19)(a)	EUR		100		116,173
Matterhorn Telecom SA 3.88%, 05/01/22 (Call 02/11/19)(a)	EUR		300		341,587
4.00%, 11/15/27 (Call 11/15/22)(a)	EUR		100		106,261
Picard Bondco SA, 5.50%, 11/30/24 (Call 11/30/20)(a)	EUR		100		98,615
					1,967,595
Netherlands — 4.9%
Axalta Coating Systems LLC, 4.25%, 08/15/24 (Call 08/15/19)(a)	EUR		100		117,406
Constellium NV 4.25%, 02/15/26 (Call 11/15/20)(a)	EUR		100		111,068
4.63%, 05/15/21 (Call 03/04/19)(a)	EUR		100		115,709
InterXion Holding NV, 4.75%, 06/15/25 (Call 06/15/21)(a)	EUR		250		299,860
Nyrstar Netherlands Holdings BV, 6.88%, 03/15/24 (Call 03/15/20)(a)	EUR		100		51,459
OCI NV, 5.00%, 04/15/23 (Call 04/15/20)(a)	EUR		100		120,274
Saipem Finance International BV, 2.63%, 01/07/25(a)	EUR		100		110,509
Selecta Group BV, 5.88%, 02/01/24 (Call 02/01/20)(a)	EUR		100		112,001
Sigma Holdco BV, 5.75%, 05/15/26 (Call 05/15/21)(a)	EUR		100		105,368
SNS Bank NV, 6.25%, 10/26/20(d)	EUR		50		—
Starfruit Finco BV/Starfruit U.S. Holdco LLC, 6.50%, 10/01/26 (Call 10/01/21)(a)	EUR		100		110,401
United Group BV, 4.88%, 07/01/24 (Call 07/01/20)(a)	EUR		100		114,949
UPC Holding BV, 3.88%, 06/15/29 (Call 06/15/22)(a)	EUR		200		216,842
UPCB Finance VII Ltd., 3.63%, 06/15/29 (Call 06/15/22)(a)	EUR		100		110,485
Ziggo Bond Co. BV 4.63%, 01/15/25 (Call 01/15/20)(a)	EUR		200		231,104
7.13%, 05/15/24 (Call 05/15/19)(a)	EUR		200		240,842
Ziggo BV, 4.25%, 01/15/27 (Call 01/15/22)(a)	EUR		200		231,804
					2,400,081
Portugal — 1.6%
Banco Comercial Portugues SA, 4.50%, 12/07/27 (Call 12/07/22)(a)(e)(f)	EUR		100		108,972
Caixa Geral de Depositos SA, 5.75%, 06/28/28 (Call 06/28/23)(a)(e)(f)	EUR		100		120,226
EDP - Energias de Portugal SA 4.50%, 04/30/79 (Call 01/30/24)(a)(e)(f)	EUR		200		231,039
5.38%, 09/16/75 (Call 03/16/21)(a)(e)(f)	EUR		200		243,752
Novo Banco SA, 8.50%, 07/06/28 (Call 07/06/23)(a)(e)(f)	EUR		100		110,989
					814,978
Singapore — 0.7%
Lincoln Finance Ltd., 6.88%, 04/15/21 (Call 02/11/19)(a)	EUR		300		353,547

Security		Par (000)		Value
Spain — 4.9%
Banco de Sabadell SA 5.38%, 12/12/28 (Call 12/12/23)(a)(e)(f)	EUR		100	$	116,450
5.63%, 05/06/26(a)	EUR		100		119,686
6.25%, 04/26/20	EUR		150		182,076
Bankia SA, 3.38%, 03/15/27 (Call 03/15/22)(a)(e)(f)	EUR		100		115,530
Bankinter SA, 2.50%, 04/06/27 (Call 04/06/22)(a)(e)(f)	EUR		100		114,577
Cellnex Telecom SA 2.38%, 01/16/24 (Call 10/16/23)(a)	EUR		200		228,669
2.88%, 04/18/25 (Call 01/18/25)(a)	EUR		100		115,641
3.13%, 07/27/22(a)	EUR		100		120,279
Distribuidora Internacional de Alimentacion SA, 0.88%, 04/06/23 (Call 01/06/23)(a)	EUR		100		65,569
El Corte Ingles SA, 3.00%, 03/15/24 (Call 10/15/20)(a)	EUR		100		116,597
Gestamp Automocion SA, 3.25%, 04/30/26 (Call 04/30/21)(a)	EUR		200		202,628
Grifols SA, 3.20%, 05/01/25 (Call 05/01/20)(a)	EUR		200		228,735
Grupo Isolux Corsan SA, Series B, 6.00%, 12/30/21 (Call 03/04/19)(c)	EUR		141		2,422
Ibercaja Banco SA, 5.00%, 07/28/25 (Call 07/28/20)(a)(e)(f)	EUR		100		115,457
LHMC Finco Sarl, 6.25%, 12/20/23 (Call 06/20/20)(a)	EUR		200		238,654
Liberbank SA, 6.88%, 03/14/27 (Call 03/14/22)(a)(e)(f)	EUR		100		121,343
Repsol International Finance BV, 4.50%, 03/25/75 (Call 03/25/25)(a)(e)(f)	EUR		175		212,184
					2,416,497
Sweden — 3.2%
Akelius Residential Property AB, 3.88%, 10/05/78 (Call 07/05/23)(a)(e)(f)	EUR		100		113,652
Fastighets AB Balder, 3.00%, 03/07/78 (Call 03/07/23)(a)(e)(f)	EUR		100		109,023
Intrum AB 2.75%, 07/15/22 (Call 07/15/19)(a)	EUR		300		333,665
3.13%, 07/15/24 (Call 07/15/20)(a)	EUR		200		216,716
Telefonaktiebolaget LM Ericsson 0.88%, 03/01/21(a)	EUR		100		115,283
Series 7Y, 1.88%, 03/01/24(a)	EUR		100		114,530
Verisure Midholding AB, 5.75%, 12/01/23 (Call 12/01/19)(a)	EUR		200		228,811
Volvo Car AB 2.00%, 01/24/25 (Call 10/24/24)(a)	EUR		200		216,114
3.25%, 05/18/21(a)	EUR		100		119,780
					1,567,574
Switzerland — 0.7%
Dufry Finance SCA, 4.50%, 08/01/23 (Call 03/04/19)(a)	EUR		100		118,395
Dufry One BV, 2.50%, 10/15/24 (Call 10/15/20)(a)	EUR		200		229,225
					347,620
United Kingdom — 7.5%
Algeco Global Finance PLC, 6.50%, 02/15/23 (Call 02/15/20)(a)	EUR		100		115,606
Ardonagh Midco 3 PLC, 8.38%, 07/15/23 (Call 07/15/20)(a)	GBP		100		111,228
Arqiva Broadcast Finance PLC, 6.75%, 09/30/23 (Call 09/30/20)(a)	GBP		150		204,760
Cabot Financial Luxembourg SA, 7.50%, 10/01/23 (Call 10/01/19)(a)	GBP		100		123,876
Fiat Chrysler Automobiles NV, 3.75%, 03/29/24(a)	EUR		200		244,473
Heathrow Finance PLC, 3.88%, 03/01/27(a)	GBP		100		121,447
INEOS Finance PLC, 4.00%, 05/01/23 (Call 02/11/19)(a)	EUR		200		232,626
Jaguar Land Rover Automotive PLC 2.20%, 01/15/24(a)	EUR		150		135,603
2.75%, 01/24/21(a)	GBP		200		239,417
4.50%, 01/15/26 (Call 10/15/25)(a)	EUR		150		135,843
Merlin Entertainments PLC, 2.75%, 03/15/22 (Call 12/15/21)(a)	EUR		150		177,522

10

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® International High Yield Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United Kingdom (continued)
New Look Secured Issuer PLC, 6.50%, 07/01/22 (Call 02/11/19)(a)	GBP		100	$	39,080
Tesco Corporate Treasury Services PLC 1.38%, 10/24/23 (Call 07/24/23)(a)	EUR		200		226,168
2.50%, 07/01/24(a)	EUR		200		237,353
Tesco PLC, 6.13%, 02/24/22	GBP		100		145,522
Thomas Cook Finance 2 PLC, 3.88%, 07/15/23 (Call 01/15/20)(a)	EUR		100		78,933
Thomas Cook Group PLC, 6.25%, 06/15/22 (Call 06/15/19)(a)	EUR		100		90,505
Virgin Media Finance PLC 4.50%, 01/15/25 (Call 01/15/20)(a)	EUR		100		117,686
6.38%, 10/15/24 (Call 10/15/19)(a)	GBP		100		134,569
Virgin Media Receivables Financing Notes I DAC, 5.50%, 09/15/24 (Call 09/15/19)(a)	GBP		100		129,747
Virgin Media Secured Finance PLC 4.88%, 01/15/27 (Call 01/15/21)(a)	GBP		100		126,216
5.00%, 04/15/27 (Call 04/15/22)(a)	GBP		200		254,592
5.13%, 01/15/25 (Call 01/15/20)(a)	GBP		100		132,868
6.25%, 03/28/29 (Call 01/15/21)(a)	GBP		100		135,168
					3,690,808
United States — 17.2%
Adient Global Holdings Ltd., 3.50%, 08/15/24 (Call 05/15/24)(a)	EUR		175		151,607
AMC Entertainment Holdings Inc., 6.38%, 11/15/24 (Call 11/15/19)	GBP		100		124,228
Aramark International Finance Sarl, 3.13%, 04/01/25 (Call 04/01/20)(a)	EUR		100		117,612
Avantor Inc., 4.75%, 10/01/24 (Call 10/01/20)(a)	EUR		100		118,170
Avis Budget Finance PLC, 4.75%, 01/30/26 (Call 09/30/21)(a)	EUR		100		109,535
Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25 (Call 01/15/20)(a)	EUR		100		114,568
Ball Corp. 3.50%, 12/15/20	EUR		100		120,535
4.38%, 12/15/23	EUR		200		259,090
Banff Merger Sub Inc., 8.38%, 09/01/26 (Call 09/01/21)(a)	EUR		100		108,083
Bausch Health Companies Inc., 4.50%, 05/15/23 (Call 03/01/19)(a)	EUR		300		340,231
Belden Inc., 3.88%, 03/15/28 (Call 03/15/23)(a)	EUR		150		164,777
BWAY Holding Co., 4.75%, 04/15/24 (Call 04/15/20)(a)	EUR		100		114,031
Ceva Logistics Finance BV, 5.25%, 08/01/25 (Call 08/01/21)(a)	EUR		100		116,223
Chemours Co. (The), 4.00%, 05/15/26 (Call 05/15/21)	EUR		100		112,353
Coty Inc., 4.75%, 04/15/26 (Call 04/15/21)(a)	EUR		100		101,618
Crown European Holdings SA 2.25%, 02/01/23 (Call 11/01/22)(a)	EUR		100		117,231
2.63%, 09/30/24 (Call 03/31/24)(a)	EUR		125		145,812
2.88%, 02/01/26 (Call 08/01/25)(a)	EUR		100		114,588
3.38%, 05/15/25 (Call 11/15/24)(a)	EUR		100		119,205
4.00%, 07/15/22 (Call 04/15/22)(a)	EUR		100		124,603
Darling Global Finance BV, 3.63%, 05/15/26 (Call 05/15/21)(a)	EUR		100		117,762
Energizer Gamma Acquisition BV, 4.63%, 07/15/26 (Call 07/15/21)(a)	EUR		100		112,819
Equinix Inc. 2.88%, 03/15/24 (Call 09/15/20)	EUR		200		232,007
2.88%, 10/01/25 (Call 10/01/20)	EUR		150		170,861
2.88%, 02/01/26 (Call 02/01/21)	EUR		300		338,443
Hanesbrands Finance Luxembourg SCA, 3.50%, 06/15/24 (Call 03/15/24)(a)	EUR		100		118,403

Security		Par/ Shares (000)			Value
United States (continued)
Hertz Holdings Netherlands BV, 5.50%, 03/30/23 (Call 03/30/20)(a)	EUR		100		$	112,874
Huntsman International LLC, 4.25%, 04/01/25 (Call 01/01/25)	EUR		100			125,745
Infor U.S. Inc., 5.75%, 05/15/22 (Call 02/14/19)	EUR		100			117,986
International Game Technology PLC 3.50%, 07/15/24 (Call 01/15/24)(a)	EUR		125			141,256
4.75%, 03/05/20(a)	EUR		100			119,616
IQVIA Inc. 2.88%, 09/15/25 (Call 09/15/20)(a)	EUR		100			113,599
3.25%, 03/15/25 (Call 03/15/20)(a)	EUR		350			406,627
3.50%, 10/15/24 (Call 10/15/19)(a)	EUR		100			117,594
Iron Mountain UK PLC, 3.88%, 11/15/25 (Call 11/15/20)(a)	GBP		100			124,753
Levi Strauss & Co., 3.38%, 03/15/27 (Call 03/15/22)	EUR		100			117,717
LKQ European Holdings BV 3.63%, 04/01/26 (Call 04/01/21)(a)	EUR		100			112,639
4.13%, 04/01/28 (Call 04/01/23)(a)	EUR		100			111,473
LKQ Italia Bondco SpA, 3.88%, 04/01/24 (Call 01/01/24)(a)	EUR		100			118,551
MPT Operating Partnership LP/MPT Finance Corp. 3.33%, 03/24/25 (Call 12/24/24)	EUR		100			116,482
4.00%, 08/19/22 (Call 05/19/22)	EUR		100			123,596
Netflix Inc. 3.63%, 05/15/27	EUR		350			399,096
4.63%, 05/15/29(a)	EUR		200			230,645
OI European Group BV 3.13%, 11/15/24 (Call 08/15/24)(a)	EUR		100			117,411
4.88%, 03/31/21(a)	EUR		100			124,220
6.75%, 09/15/20(a)	EUR		100			125,045
PSPC Escrow Corp., 6.00%, 02/01/23 (Call 03/01/19)(a)	EUR		100			118,164
PVH Corp., 3.13%, 12/15/27 (Call 09/15/27)(a)	EUR		150			167,397
Refinitiv U.S. Holdings Inc. 4.50%, 05/15/26 (Call 11/15/21)(a)	EUR		150			167,852
6.88%, 11/15/26 (Call 11/15/21)(a)	EUR		100			104,510
Scientific Games International Inc., 5.50%, 02/15/26 (Call 02/15/21)(a)	EUR		100			99,213
Sealed Air Corp., 4.50%, 09/15/23 (Call 06/15/23)(a)	EUR		100			126,186
Silgan Holdings Inc., 3.25%, 03/15/25 (Call 03/15/20)	EUR		200			235,483
Tenneco Inc. 4.88%, 04/15/22 (Call 04/15/19)(a)	EUR		125			146,932
5.00%, 07/15/24 (Call 07/15/20)(a)	EUR		100			118,668
Vantiv LLC/Vanity Issuer Corp., 3.88%, 11/15/25 (Call 11/15/20)(a)	GBP		100			126,680
WMG Acquisition Corp., 3.63%, 10/15/26 (Call 10/15/21)(a)	EUR		100			114,516
						8,486,921
Total Corporate Bonds & Notes — 98.0% (Cost: $52,589,853)						48,317,045
Common Stocks
South Africa — 0.0%
Sentry Holdings Ltd. Class A(d)			0	(g)		—
Total Common Stocks — 0.0% (Cost: $159,437)						—

11

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® International High Yield Bond ETF (Percentages shown are based on Net Assets)

Security	Shares (000)		Value
Short-Term Investments
Money Market Funds — 0.0%
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.31%(h)(i)		8	$	7,762
Total Short-Term Investments — 0.0% (Cost: $7,762)				7,762
Total Investments in Securities — 98.0% (Cost: $52,757,052)				48,324,807
Other Assets, Less Liabilities — 2.0%				996,747
Net Assets — 100.0%			$	49,321,554

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

^(b)  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.

^(c)  Issuer filed for bankruptcy and/or is in default.

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

^(e)  Security is issued at a fixed coupon rate, which converts to a variable rate at a specified date. Reference index and spread are provided if the rate is currently floating.

^(f)  Variable or floating rate security. Rate shown is the rate in effect as of period-end.

^(g)  Rounds to less than 1,000.

^(h)  Affiliate of the Fund.

⁽ⁱ⁾  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, 2019, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Shares Held at 10/31/18 (000)		Net Activity (000)			Shares Held at 01/31/19 (000)		Value at 01/31/19		Income		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Treasury, SL Agency Shares		13		(5	)		8	$	7,762	$	529	$	—	$	—

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, 2019. 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	$	—	$	48,317,041	$	4	$	48,317,045
Common Stocks		—		—		—		—
Money Market Funds		7,762		—		—		7,762
	$	7,762	$	48,317,041	$	4	$	48,324,807

Currency Abbreviations

CAD	Canadian Dollar
EUR	Euro
GBP	British Pound

12

Schedule of Investments  (unaudited)  January 31, 2019 iShares^® J.P. Morgan EM Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Corporate Bonds & Notes
Argentina — 2.7%
Adecoagro SA, 6.00%, 09/21/27 (Call 09/21/22)(a)	$	150	$	131,063
Arcor SAIC, 6.00%, 07/06/23 (Call 07/06/20)(a)		150		144,187
Cablevision SA, 6.50%, 06/15/21 (Call 06/15/19)(a)(b)		300		294,375
Pampa Energia SA
7.38%, 07/21/23 (Call 07/21/20)(a)		100		95,125
7.50%, 01/24/27 (Call 01/24/22)(a)		150		133,687
Rio Energy SA/UGEN SA/UENSA SA, 6.88%, 02/01/25 (Call 02/01/22)(a)		150		118,875
Stoneway Capital Corp., 10.00%, 03/01/27 (Call 03/01/22)(a)		145		135,057
Transportadora de Gas del Sur SA, 6.75%, 05/02/25 (Call 05/02/22)(a)		150		139,845
YPF SA
6.95%, 07/21/27(a)(b)		125		112,188
7.00%, 12/15/47 (Call 06/15/47)(a)		200		163,400
8.50%, 03/23/21(a)(b)		200		203,250
8.50%, 07/28/25(a)		250		244,750
8.75%, 04/04/24(a)		280		280,896
				2,196,698
Brazil — 7.4%
Banco BTG Pactual SA/Cayman Islands, 5.50%, 01/31/23(a)		200		197,900
Banco do Brasil SA/Cayman
4.63%, 01/15/25(a)		200		196,032
5.88%, 01/19/23(a)		200		207,993
9.00%, (Call 06/18/24)(a)(c)(d)(e)		200		213,000
9.25%, (Call 04/15/23)(a)(b)(c)(d)(e)		200		214,938
Braskem Netherlands Finance BV, 4.50%, 01/10/28(a)		200		195,000
BRF SA, 3.95%, 05/22/23(a)		200		182,800
CSN Islands XII Corp., 7.00%, (Call 03/23/19)(a)(c)		100		81,125
Embraer Netherlands Finance BV
5.05%, 06/15/25		157		161,994
5.40%, 02/01/27		150		158,250
Fibria Overseas Finance Ltd., 5.25%, 05/12/24		50		51,438
Gol Finance Inc., 7.00%, 01/31/25 (Call 01/31/22)(a)		50		46,063
GTL Trade Finance Inc./Gerdau Holdings Inc., 5.89%, 04/29/24 (Call 01/29/24)(a)		150		157,830
Itau Unibanco Holding SA/Cayman Islands
5.13%, 05/13/23(a)(b)		200		204,800
5.65%, 03/19/22(a)(b)		200		206,840
JBS USA LUX SA/JBS USA Finance Inc.
5.88%, 07/15/24 (Call 07/15/19)(a)		75		75,938
7.25%, 06/01/21 (Call 03/25/19)(a)		100		101,380
Marfrig Holdings Europe BV, 8.00%, 06/08/23 (Call 06/08/19)(a)(b)		200		206,120
Minerva Luxembourg SA, 6.50%, 09/20/26 (Call 09/20/21)(a)		200		191,000
Odebrecht Offshore Drilling Finance Ltd., 7.72%, (7.72 PIK), 12/01/26 (Call 12/01/21)(a)(f)		100		26,250
Oi SA, 10.00%, (10.00% PIK), 07/27/25(f)		100		101,312
Petrobras Global Finance BV 4.38%, 05/20/23		100		99,765
5.30%, 01/27/25		158		157,700
5.63%, 05/20/43		100		89,850
6.00%, 01/27/28		275		274,450
6.13%, 01/17/22		134		140,835
6.25%, 03/17/24		225		237,461
6.75%, 01/27/41		100		99,900
6.85%, 06/05/15		100		97,050
6.88%, 01/20/40		98		98,815
7.25%, 03/17/44		150		158,400

Security	Par (000)		Value
Brazil (continued)
7.38%, 01/17/27	$	250	$	270,312
8.38%, 05/23/21		153		168,147
St. Marys Cement Inc. Canada, 5.75%, 01/28/27 (Call 10/28/26)(a)		200		204,283
Suzano Austria GmbH, 6.00%, 01/15/29 (Call 10/15/28)(a)		200		209,250
Vale Overseas Ltd.
6.25%, 08/10/26		200		213,250
6.88%, 11/10/39		200		220,480
				5,917,951
Chile — 3.8%
Banco de Credito e Inversiones SA, 3.50%, 10/12/27(a)		200		187,500
Celulosa Arauco y Constitucion SA, 4.50%, 08/01/24 (Call 05/01/24)		200		201,500
Cencosud SA
4.38%, 07/17/27 (Call 04/17/27)(a)		200		182,150
5.15%, 02/12/25 (Call 11/12/24)(a)		200		199,500
Colbun SA, 4.50%, 07/10/24 (Call 04/11/24)(a)		400		403,500
Empresa Nacional de Telecomunicaciones SA
4.75%, 08/01/26 (Call 05/03/26)(a)		200		192,000
4.88%, 10/30/24(a)		200		198,500
Enel Americas SA, 4.00%, 10/25/26 (Call 07/25/26)		200		194,000
Enel Chile SA, 4.88%, 06/12/28		300		306,375
GNL Quintero SA, 4.63%, 07/31/29(a)		200		199,000
Inversiones CMPC SA/Cayman Islands Branch, 4.38%, 05/15/23 (Call 02/15/23)(a)		400		405,200
Latam Finance Ltd., 6.88%, 04/11/24 (Call 04/11/21)(a)		200		201,800
VTR Finance BV, 6.88%, 01/15/24 (Call 01/15/20)(a)		200		204,980
				3,076,005
China — 9.4%
Alibaba Group Holding Ltd.
3.40%, 12/06/27 (Call 09/06/27)		300		286,808
4.00%, 12/06/37 (Call 06/06/37)		200		186,646
Azure Nova International Finance Ltd., 3.50%, 03/21/22(a)		200		197,364
Baidu Inc., 4.13%, 06/30/25		200		200,013
Bank of China Ltd./Hong Kong, 3.88%, 06/30/25(a)		200		199,997
Bank of China Ltd./Macau, 2.88%, 04/20/22(a)		200		196,711
Bank of Communications Co. Ltd., 4.50%, 10/03/24 (Call 10/03/19)(a)(d)(e)		200		200,121
BOC Aviation Ltd., 3.95%, 09/26/23 (Call 08/26/23), (3 mo. LIBOR US + 1.125%)(a)(e)		200		199,942
China Cinda Finance 2015 I Ltd., 4.25%, 04/23/25(a)		400		392,604
China CITIC Bank Corp. Ltd., 3.78%, 12/14/22, (3 mo. LIBOR US + 1.000%)(a)(e)		200		199,652
China Construction Bank Corp., 3.88%, 05/13/25 (Call 05/13/20)(a)(d)(e)		200		199,117
China Evergrande Group, 8.75%, 06/28/25 (Call 06/28/21)(a)		200		177,000
China Overseas Finance Cayman VI Ltd., 5.95%, 05/08/24(a)		200		217,603
CITIC Ltd.
3.13%, 02/28/22(a)		200		195,929
6.63%, 04/15/21(a)		100		105,764
CMBLEMTN 1 Ltd., 3.25%, 11/29/21(a)		200		195,881
CNOOC Finance 2012 Ltd., 3.88%, 05/02/22(a)		200		201,992
CNOOC Nexen Finance 2014 ULC, 4.25%, 04/30/24		200		205,401
CNPC General Capital Ltd., 3.40%, 04/16/23(a)		200		198,588
Country Garden Holdings Co. Ltd., 4.75%, 07/25/22 (Call 07/25/20)(a)		200		188,883
Fortune Star BVI Ltd., 5.25%, 03/23/22 (Call 03/23/20)(a)		200		189,617

13

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® J.P. Morgan EM Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
China (continued)
Huarong Finance 2017 Co. Ltd.
4.50%, (Call 01/24/22)(a)(c)(d)(e)	$	200	$	194,039
4.75%, 04/27/27(a)		200		195,171
Huarong Finance II Co. Ltd., 5.50%, 01/16/25(a)		200		204,701
ICBCIL Finance Co. Ltd., 2.50%, 09/29/21(a)		200		193,027
Industrial & Commercial Bank of China Ltd./London, 3.62%, 10/25/23, (3 mo. LIBOR US + 0.850%)(a)(e)		200		198,904
Industrial & Commercial Bank of China Ltd./Singapore, 3.73%, 04/24/22, (3 mo. LIBOR US + 0.950%)(a)(e)		400		399,692
JD.com Inc., 3.88%, 04/29/26		200		185,891
Kaisa Group Holdings Ltd., 8.50%, 06/30/22 (Call 06/30/20)(a)		200		164,373
Nexen Inc.
6.40%, 05/15/37		200		247,105
7.50%, 07/30/39		100		140,051
Proven Honour Capital Ltd., 4.13%, 05/19/25(a)		200		187,569
Shimao Property Holdings Ltd., 4.75%, 07/03/22 (Call 07/03/20)(a)		200		194,723
Sino-Ocean Land Treasure Finance II Ltd., 5.95%, 02/04/27(a)		200		192,500
Tencent Holdings Ltd., 3.60%, 01/19/28 (Call 10/19/27)(a)		300		290,157
Vanke Real Estate Hong Kong Co. Ltd., 4.15%, 04/18/23(a)		200		198,133
				7,521,669
Colombia — 4.7%
Banco de Bogota SA
4.38%, 08/03/27(a)(b)		200		191,175
5.38%, 02/19/23(a)(b)		200		205,500
Bancolombia SA
4.88%, 10/18/27 (Call 10/18/22)(d)(e)		200		197,910
5.13%, 09/11/22(b)		137		140,596
5.95%, 06/03/21		300		313,500
Colombia Telecomunicaciones SA ESP
5.38%, 09/27/22 (Call 09/27/19)(a)(b)		200		202,000
8.50%, (Call 03/30/20)(a)(c)(d)(e)		100		103,625
Ecopetrol SA
4.13%, 01/16/25		200		195,000
5.38%, 06/26/26 (Call 03/26/26)		325		336,781
5.88%, 09/18/23		350		371,438
5.88%, 05/28/45		500		493,000
7.38%, 09/18/43		100		116,000
Grupo Aval Ltd., 4.75%, 09/26/22(a)		200		197,102
Grupo de Inversiones Suramericana SA, 5.50%, 04/29/26 (Call 01/29/26)(a)(b)		200		205,875
Millicom International Cellular SA, 6.00%, 03/15/25 (Call 03/15/20)(a)		200		199,500
SURA Asset Management SA, 4.88%, 04/17/24(a)(b)		100		101,500
Transportadora de Gas Internacional SA ESP, 5.55%, 11/01/28(a)		200		210,410
				3,780,912
Ghana — 0.5%
Tullow Oil PLC
6.25%, 04/15/22 (Call 04/15/19)(a)		200		197,250
7.00%, 03/01/25 (Call 03/01/21)(a)		200		193,000
				390,250
Guatemala — 0.3%
Comunicaciones Celulares SA Via Comcel Trust, 6.88%, 02/06/24 (Call 02/06/19)(a)		200		206,669
Hong Kong — 5.0%
AIA Group Ltd., 4.50%, 03/16/46 (Call 09/16/45)(a)		200		205,610
Bank of China Hong Kong Ltd., 5.90%, (Call 09/14/23)(a)(c)(d)(e)		200		205,200

Security	Par (000)		Value
Hong Kong (continued)
Bank of East Asia Ltd. (The), 4.00%, 11/03/26 (Call 11/03/21)(a)(d)(e)	$	200	$	196,995
CK Hutchison International 16 Ltd., 2.75%, 10/03/26(a)		800		736,782
HKT Capital No. 4 Ltd., 3.00%, 07/14/26(a)		200		185,571
Hongkong Electric Finance Ltd., 2.88%, 05/03/26(a)		200		187,669
Hongkong Land Finance Cayman Islands Co. Ltd. (The), 4.50%, 06/01/22(a)		200		206,661
Hutchison Whampoa International 11 Ltd., 4.63%, 01/13/22(a)(b)		400		413,650
Nan Fung Treasury II Ltd., 5.50%, (Call 05/29/20)(a)(c)		200		169,750
Nanyang Commercial Bank Ltd., 5.00%, (Call 06/02/22)(a)(c)(d)(e)		200		188,981
NWD Finance BVI Ltd., 5.75%, (Call 10/05/21)(a)(c)		200		181,067
OVPH Ltd., 5.88%, (Call 03/01/21)(a)(c)		200		191,899
PCPD Capital Ltd., 4.75%, 03/09/22(a)		200		193,864
Radiant Access Ltd., 4.60%, (Call 05/18/20)(a)(c)		200		163,137
Sun Hung Kai Properties Capital Market Ltd., 4.50%, 02/14/22(a)		200		206,297
Swire Pacific MTN Financing Ltd., 4.50%, 10/09/23(a)		200		207,481
Swire Properties MTN Financing Ltd., 3.63%, 01/13/26(a)		200		197,143
				4,037,757
India — 4.9%
ABJA Investment Co. Pte Ltd., 5.45%, 01/24/28(a)		200		179,750
Adani Ports & Special Economic Zone Ltd., 4.00%, 07/30/27 (Call 06/30/27)(a)		200		182,859
Bharat Petroleum Corp. Ltd., 4.00%, 05/08/25(a)		200		194,313
Bharti Airtel International Netherlands BV, 5.35%, 05/20/24(a)		200		201,158
Delhi International Airport Ltd., 6.13%, 10/31/26(a)		200		195,466
Greenko Dutch BV, 5.25%, 07/24/24 (Call 07/24/20)(a)		200		186,250
ICICI Bank Ltd./Dubai, 4.00%, 03/18/26(a)		250		239,995
Indian Oil Corp. Ltd., 5.75%, 08/01/23(a)		200		211,791
JSW Steel Ltd., 5.25%, 04/13/22(a)		200		198,681
NTPC Ltd., 4.38%, 11/26/24(a)		200		198,465
Oil India Ltd., 5.38%, 04/17/24(a)		200		207,827
ONGC Videsh Ltd., 4.63%, 07/15/24(a)		200		201,691
Reliance Holdings USA Inc., 5.40%, 02/14/22(a)		250		259,553
Reliance Industries Ltd., 4.13%, 01/28/25(a)(b)		500		494,863
State Bank of India/London, 4.88%, 04/17/24(a)		200		205,577
Vedanta Resources PLC
7.13%, 05/31/23(a)(b)		400		386,000
8.25%, 06/07/21(a)		200		207,039
				3,951,278
Indonesia — 1.7%
Indika Energy Capital III Pte Ltd., 5.88%, 11/09/24 (Call 11/09/21)(a)		250		227,187
Listrindo Capital BV, 4.95%, 09/14/26 (Call 09/14/21)(a)		200		189,784
Medco Platinum Road Pte Ltd., 6.75%, 01/30/25 (Call 01/30/22)(a)		200		184,393
Minejesa Capital BV
4.63%, 08/10/30(a)		200		191,173
5.63%, 08/10/37(a)		200		192,000
Perusahaan Gas Negara Persero Tbk, 5.13%, 05/16/24(a)		200		205,750
Saka Energi Indonesia PT, 4.45%, 05/05/24(a)		200		188,000
				1,378,287
Israel — 4.5%
Altice Financing SA
6.63%, 02/15/23 (Call 02/15/19)(a)		400		400,000
7.50%, 05/15/26 (Call 05/15/21)(a)		400		379,000
Israel Chemicals Ltd., 6.38%, 05/31/38 (Call 11/30/37)(g)		150		154,875

14

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® J.P. Morgan EM Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Israel (continued)
Israel Electric Corp. Ltd.
6.88%, 06/21/23(a)	$	200	$	224,000
Series 6, 5.00%, 11/12/24(g)		200		210,500
Teva Pharmaceutical Finance Co. BV
2.95%, 12/18/22		200		186,250
Series 2, 3.65%, 11/10/21		300		289,500
Teva Pharmaceutical Finance Co. LLC, 6.15%, 02/01/36		300		290,250
Teva Pharmaceutical Finance Netherlands III BV
2.20%, 07/21/21		300		282,752
2.80%, 07/21/23		500		448,750
3.15%, 10/01/26		650		539,435
4.10%, 10/01/46		250		181,851
				3,587,163
Jamaica — 1.0%
Digicel Group One Ltd., 8.25%, 12/30/22 (Call 12/30/20)(g)		200		165,000
Digicel Group Two Ltd., 9.13%, (9.13% PIK), 04/01/24 (Call 03/25/19)(f)		200		89,000
Digicel Ltd.
6.00%, 04/15/21 (Call 04/15/19)(a)(b)		200		185,000
6.75%, 03/01/23 (Call 03/01/19)(a)(b)		400		325,880
				764,880
Kazakhstan — 0.4%
Nostrum Oil & Gas Finance BV, 8.00%, 07/25/22 (Call 07/25/19)(a)		200		131,499
Tengizchevroil Finance Co. International Ltd., 4.00%, 08/15/26(a)		200		192,650
				324,149
Kuwait — 1.7%
Burgan Senior SPC Ltd., 3.13%, 09/14/21(a)		200		195,250
Equate Petrochemical BV
3.00%, 03/03/22(a)		400		390,680
4.25%, 11/03/26(a)		200		198,280
Kuwait Projects Co. SPC Ltd., 5.00%, 03/15/23(a)		200		202,000
NBK SPC Ltd., 2.75%, 05/30/22(a)		400		388,500
				1,374,710
Macau — 2.0%
Melco Resorts Finance Ltd., 4.88%, 06/06/25 (Call 06/06/20)(a)		200		188,858
Sands China Ltd.
4.60%, 08/08/23 (Call 07/08/23)		200		200,628
5.13%, 08/08/25 (Call 06/08/25)		400		402,884
5.40%, 08/08/28 (Call 05/08/28)		400		391,800
Studio City Co. Ltd., 7.25%, 11/30/21 (Call 11/30/19)(a)		200		205,310
Wynn Macau Ltd., 4.88%, 10/01/24 (Call 10/01/20)(a)		200		184,500
				1,573,980
Malaysia — 1.4%
Gohl Capital Ltd., 4.25%, 01/24/27(a)		400		381,814
IOI Investment L Bhd, 4.38%, 06/27/22(a)		200		200,657
Malayan Banking Bhd, 3.91%, 10/29/26 (Call 10/29/21)(a)(d)(e)		200		198,453
RHB Bank Bhd, 2.50%, 10/06/21(a)		200		193,977
TNB Global Ventures Capital Bhd, 3.24%, 10/19/26(a)		200		185,859
				1,160,760
Mexico — 5.6%
Alfa SAB de CV, 5.25%, 03/25/24 (Call 12/25/23)(a)		200		203,500
America Movil SAB de CV
3.13%, 07/16/22		200		197,300
6.13%, 03/30/40		200		240,868
6.38%, 03/01/35		200		240,000

Security	Par (000)		Value
Mexico (continued)
Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa, 4.13%, 06/06/24(a)	$	150	$	144,562
Banco Mercantil del Norte SA/Grand Cayman, 5.75%, 10/04/31 (Call 10/04/26)(a)(d)(e)		200		187,520
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand, 4.13%, 11/09/22(a)(b)		300		298,125
BBVA Bancomer SA/Texas
4.38%, 04/10/24(a)(b)		150		148,500
5.13%, 01/18/33 (Call 01/18/28)(a)(d)(e)		200		179,500
6.75%, 09/30/22(a)		150		159,930
Cemex SAB de CV
6.13%, 05/05/25 (Call 05/05/20)(a)(b)		200		203,644
7.75%, 04/16/26 (Call 04/16/21)(a)(b)		200		216,000
Coca-Cola FEMSA SAB de CV, 3.88%, 11/26/23		150		151,572
El Puerto de Liverpool SAB de CV, 3.88%, 10/06/26(a)		200		187,001
Grupo Bimbo SAB de CV
4.50%, 01/25/22(a)		100		102,167
4.88%, 06/27/44(a)		200		189,500
Grupo Televisa SAB
5.00%, 05/13/45 (Call 11/13/44)		200		182,450
6.63%, 01/15/40		100		110,500
Mexichem SAB de CV, 5.50%, 01/15/48 (Call 07/15/47)(a)(b)		200		180,000
Sigma Alimentos SA de CV, 4.13%, 05/02/26 (Call 02/02/26)(a)		200		192,940
Southern Copper Corp.
5.25%, 11/08/42		200		198,750
5.88%, 04/23/45		150		159,000
7.50%, 07/27/35		200		241,500
Trust F/1401, 5.25%, 01/30/26 (Call 10/30/25)(a)		200		199,460
				4,514,289
Morocco — 0.5%
OCP SA
5.63%, 04/25/24(a)		200		208,500
6.88%, 04/25/44(a)		200		212,500
				421,000
Nigeria — 0.5%
IHS Netherlands Holdco BV, 9.50%, 10/27/21 (Call 10/27/19)(a)		200		205,500
Zenith Bank PLC, 7.38%, 05/30/22(a)		200		203,750
				409,250
Oman — 0.6%
Bank Muscat SAOG, 3.75%, 05/03/21(a)		200		195,000
Oztel Holdings SPC Ltd., 6.63%, 04/24/28(a)		300		282,000
				477,000
Panama — 0.7%
Banco General SA, 4.13%, 08/07/27 (Call 05/07/27)(a)		200		188,500
C&W Senior Financing DAC, 6.88%, 09/15/27 (Call 09/15/22)(a)(b)		200		190,500
Global Bank Corp., 4.50%, 10/20/21(a)		200		197,650
				576,650
Peru — 2.0%
Banco de Credito del Peru, 4.25%, 04/01/23(a)		300		302,963
BBVA Banco Continental SA, 5.00%, 08/26/22(a)		150		154,946
Inkia Energy Ltd., 5.88%, 11/09/27 (Call 11/09/22)(a)		200		190,000
Lima Metro Line 2 Finance Ltd., 5.88%, 07/05/34(a)		200		202,500
Nexa Resources SA, 5.38%, 05/04/27 (Call 02/04/27)(a)		200		198,300
Orazul Energy Egenor S en C por A, 5.63%, 04/28/27 (Call 04/28/22)(a)		200		183,875
Peru LNG Srl, 5.38%, 03/22/30(a)		200		202,000

15

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® J.P. Morgan EM Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Peru (continued)
Transportadora de Gas del Peru SA, 4.25%, 04/30/28(a)	$	200	$	197,750
				1,632,334
Philippines — 0.7%
Bank of the Philippine Islands, 4.25%, 09/04/23(a)		200		202,479
JGSH Philippines Ltd., 4.38%, 01/23/23(a)		200		198,912
Petron Corp., 4.60%, (Call 07/19/23)(a)(c)(d)(e)		200		187,250
				588,641
Poland — 0.3%
Powszechna Kasa Oszczednosci Bank Polski SA Via PKO Finance AB, 4.63%, 09/26/22(a)		200		206,000
Qatar — 2.7%
ABQ Finance Ltd., 3.50%, 02/22/22(a)		200		194,750
AKCB Finance Ltd., 4.75%, 10/09/23(a)		200		203,500
CBQ Finance Ltd., 3.25%, 06/13/21(a)		200		195,750
Nakilat Inc., 6.07%, 12/31/33(a)		350		393,750
Ooredoo International Finance Ltd.
3.25%, 02/21/23(a)		350		342,125
3.88%, 01/31/28(a)		200		193,750
5.00%, 10/19/25(a)		200		209,000
QNB Finance Ltd., 2.13%, 09/07/21(a)		200		191,750
Ras Laffan Liquefied Natural Gas Co. Ltd. III, 5.84%, 09/30/27(a)		250		271,563
				2,195,938
Russia — 5.3%
Alfa Bank AO Via Alfa Bond Issuance PLC, 8.00%, (Call 02/03/22)(a)(c)(d)(e)		200		193,000
Credit Bank of Moscow Via CBOM Finance PLC, 7.50%, 10/05/27 (Call 10/05/22)(a)(d)(e)		200		164,000
Gazprom Neft OAO Via GPN Capital SA
4.38%, 09/19/22(a)		200		197,500
6.00%, 11/27/23(a)		200		208,500
Gazprom OAO Via Gaz Capital SA
4.95%, 07/19/22(a)		400		406,500
6.51%, 03/07/22(a)		100		105,250
7.29%, 08/16/37(a)		100		114,875
8.63%, 04/28/34(a)		150		189,563
Lukoil International Finance BV
4.56%, 04/24/23(a)		200		199,750
6.66%, 06/07/22(a)		100		106,500
MMC Norilsk Nickel OJSC via MMC Finance DAC, 4.10%, 04/11/23(a)		200		194,000
Novatek OAO Via Novatek Finance DAC, 4.42%, 12/13/22(a)		200		196,750
Novolipetsk Steel via Steel Funding DAC, 4.50%, 06/15/23(a)		200		196,500
Polyus Finance PLC, 5.25%, 02/07/23(a)		200		198,750
Rosneft Oil Co. Via Rosneft International Finance DAC, 4.20%, 03/06/22(a)		200		195,960
Sberbank of Russia Via SB Capital SA
5.13%, 10/29/22(a)		200		199,500
5.50%, 02/26/24 (Call 02/26/19)(a)(d)(e)		200		199,950
6.13%, 02/07/22(a)		200		207,500
VEON Holdings BV
4.95%, 06/16/24 (Call 03/16/24)(a)		200		195,000
5.95%, 02/13/23(a)		200		206,250
VTB Bank OJSC Via VTB Capital SA, 6.95%, 10/17/22(a)		200		204,750
VTB Bank PJSC Via VTB Eurasia DAC, 9.50%, (Call 12/06/22)(a)(c)(d)(e)		200		200,000
				4,280,348

Security	Par (000)		Value
Saudi Arabia — 2.7%
Acwa Power Management And Investments One Ltd., 5.95%, 12/15/39(a)	$	200	$	195,000
Dar Al-Arkan Sukuk Co. Ltd., 6.88%, 03/21/23(a)		200		187,000
SABIC Capital II BV
4.00%, 10/10/23(a)		200		202,000
4.50%, 10/10/28(a)		200		203,500
Saudi Electricity Global Sukuk Co., 4.21%, 04/03/22(a)		200		203,000
Saudi Electricity Global Sukuk Co. 2, 5.06%, 04/08/43(a)		200		195,750
Saudi Electricity Global Sukuk Co. 3
4.00%, 04/08/24(a)		600		597,750
5.50%, 04/08/44(a)		200		205,500
Saudi Electricity Global Sukuk Co. 4, 4.72%, 09/27/28(a)		200		200,750
				2,190,250
Singapore — 2.7%
DBS Group Holdings Ltd.
3.39%, 07/25/22, (3 mo. LIBOR US + 0.620%)(a)(e)		200		200,495
3.60%, (Call 09/07/21)(a)(c)(d)(e)		200		194,003
Flex Ltd., 4.75%, 06/15/25 (Call 03/15/25)(b)		310		307,537
GLP Pte Ltd., 3.88%, 06/04/25(a)		425		389,374
Oversea-Chinese Banking Corp. Ltd., 4.25%, 06/19/24(a)		200		202,084
SingTel Group Treasury Pte Ltd., 3.25%, 06/30/25(a)		500		491,527
United Overseas Bank Ltd., 3.50%, 09/16/26 (Call 09/16/21)(a)(d)(e)		400		396,550
				2,181,570
South Africa — 2.5%
AngloGold Ashanti Holdings PLC, 5.13%, 08/01/22		157		160,140
Liquid Telecommunications Financing PLC, 8.50%, 07/13/22 (Call 07/13/20)(a)		200		204,000
MTN Mauritius Investment Ltd.
4.76%, 11/11/24(a)		200		189,000
5.37%, 02/13/22(a)		200		198,750
Myriad International Holdings BV, 5.50%, 07/21/25 (Call 04/21/25)(a)		400		415,500
Petra Diamonds U.S. Treasury PLC, 7.25%, 05/01/22 (Call 05/01/19)(a)		200		188,000
Sasol Financing International Ltd., 4.50%, 11/14/22		200		197,500
SASOL Financing USA LLC
5.88%, 03/27/24 (Call 02/27/24)		200		206,000
6.50%, 09/27/28 (Call 06/27/28)		200		210,360
				1,969,250
South Korea — 4.2%
Hanwha Life Insurance Co. Ltd., 4.70%, (Call 04/23/23)(a)(c)(d)(e)		200		191,000
Hyundai Capital Services Inc., 3.00%, 03/06/22(a)		400		389,656
Kia Motors Corp., 3.00%, 04/25/23(a)		200		192,750
Kookmin Bank, 2.88%, 03/25/23(a)		200		195,259
Korea East-West Power Company Ltd., 2.63%, 06/19/22(a)		200		194,620
Korea Gas Corp., 3.50%, 07/21/25(a)(b)		200		197,756
Korea Hydro & Nuclear Power Co. Ltd., 3.00%, 09/19/22(a)		200		196,913
Kyobo Life Insurance Co. Ltd., 3.95%, 07/24/47 (Call 07/24/22)(a)(d)(e)		200		191,750
NongHyup Bank, 2.88%, 07/17/22(a)		200		196,463
POSCO, 5.25%, 04/14/21(a)		200		207,510
Shinhan Bank Co. Ltd., 2.88%, 03/28/22(a)		400		394,500
SK Innovation Co. Ltd., 4.13%, 07/13/23(a)		200		203,271
Woori Bank
2.63%, 07/20/21(a)(b)		200		196,017
4.75%, 04/30/24(a)(b)		400		407,933
				3,355,398

16

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® J.P. Morgan EM Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Taiwan — 0.2%
Formosa Group Cayman Ltd., 3.38%, 04/22/25(a)	$	200	$	196,215
Thailand — 1.5%
Bangkok Bank PCL/Hong Kong 4.45%, 09/19/28(a)(b)		200		204,475
5.00%, 10/03/23(a)		200		211,372
PTT Global Chemical PCL, 4.25%, 09/19/22(a)		200		202,365
PTTEP Treasury Center Co. Ltd., 4.60%,
(Call 07/17/22)(a)(c)(d)(e)		200		189,500
Siam Commercial Bank PCL/Cayman Islands, 2.75%, 05/16/23(a)		200		192,423
Thaioil Treasury Center Co. Ltd., 5.38%, 11/20/48(a)		200		212,788
				1,212,923
Turkey — 4.5%
Akbank Turk AS, 5.13%, 03/31/25(a)		200		178,000
Anadolu Efes Biracilik Ve Malt Sanayii AS, 3.38%, 11/01/22(a)		200		188,750
Coca-Cola Icecek AS, 4.22%, 09/19/24 (Call 06/19/24)(a)		200		189,750
KOC Holding AS, 5.25%, 03/15/23 (Call 12/15/22)(a)		200		195,000
QNB Finansbank AS, 4.88%, 05/19/22(a)		200		188,970
Tupras Turkiye Petrol Rafinerileri AS, 4.50%, 10/18/24 (Call 07/20/24)(a)		200		181,750
Turk Telekomunikasyon AS, 4.88%, 06/19/24(a)		200		184,000
Turkcell Iletisim Hizmetleri AS, 5.75%, 10/15/25(a)		200		189,000
Turkiye Garanti Bankasi AS, 5.88%, 03/16/23(a)		400		385,500
Turkiye Is Bankasi AS 5.00%, 06/25/21(a)		200		190,000
5.38%, 10/06/21(a)		200		190,000
5.50%, 04/21/22(a)		400		375,940
7.00%, 06/29/28 (Call 06/29/23)(a)(d)(e)		200		162,000
Turkiye Vakiflar Bankasi TAO 5.75%, 01/30/23(a)		200		186,564
6.00%, 11/01/22(a)		200		179,500
Yapi ve Kredi Bankasi AS 5.85%, 06/21/24(a)		200		179,000
8.50%, 03/09/26 (Call 03/09/21)(a)(d)(e)		300		283,125
				3,626,849
Ukraine — 1.0%
DTEK Finance PLC, 10.75%, (10.75% PIK), 12/31/24 (Call 10/10/20)(f)		260		250,548
Metinvest BV 7.75%, 04/23/23 (Call 01/23/23)(a)		200		190,500
8.50%, 04/23/26 (Call 01/23/26)(a)		200		188,750
MHP SE, 7.75%, 05/10/24(a)		200		191,750
				821,548
United Arab Emirates — 5.2%
Abu Dhabi National Energy Co. PJSC 3.63%, 06/22/21(a)		200		201,402
3.63%, 01/12/23(a)		200		199,820
4.38%, 06/22/26(a)		400		405,000
6.50%, 10/27/36(a)		100		122,000
ADCB Finance Cayman Ltd., 4.50%, 03/06/23(a)		200		202,500
BOS Funding Ltd., 4.23%, 03/07/22(a)		200		198,000
DAE Funding LLC, 5.00%, 08/01/24 (Call 08/01/20)(a)		300		295,875
DIB Sukuk Ltd., 3.66%, 02/14/22(a)		200		197,250
Dolphin Energy Ltd. LLC, 5.50%, 12/15/21(a)(b)		200		209,500
DP World Crescent Ltd. 3.91%, 05/31/23(a)		200		199,500
4.85%, 09/26/28(a)		200		201,500
DP World Ltd., 6.85%, 07/02/37(a)		300		349,500

Security	Par/ Shares (000)		Value
United Arab Emirates (continued)
Emaar Sukuk Ltd., 3.64%, 09/15/26(a)	$	200	$	184,250
EMG SUKUK Ltd., 4.56%, 06/18/24(a)		200		199,750
Emirates NBD Tier 1 Ltd., 5.75%, (Call 05/30/19)(a)(c)(d)(e)		200		200,000
First Abu Dhabi Bank PJSC, 3.00%, 03/30/22(a)		200		195,750
MAF Global Securities Ltd., 4.75%, 05/07/24(a)		200		201,500
Ruwais Power Co. PJSC, 6.00%, 08/31/36(a)		200		225,000
Shelf Drilling Holdings Ltd., 8.25%, 02/15/25 (Call 02/15/21)(a)		200		180,500
				4,168,597
Zambia — 1.2%
First Quantum Minerals Ltd. 7.25%, 04/01/23 (Call 10/01/19)(a)		600		572,280
7.50%, 04/01/25 (Call 04/01/20)(a)		400		363,000
				935,280
Total Corporate Bonds & Notes — 96.0% (Cost: $79,149,891)				77,202,448
Foreign Government Obligations(h)
Nigeria — 0.2%
Africa Finance Corp., 3.88%, 04/13/24(a)		200		191,500
South Korea — 0.6%
Korea Gas Corp., 6.25%, 01/20/42(a)(b)		200		264,500
Korea Hydro & Nuclear Power Co. Ltd., 3.75%, 07/25/23(a)		200		202,123
				466,623
Supranational — 0.5%
African Export-Import Bank (The), 4.00%, 05/24/21(a)		400		401,000
Total Foreign Government Obligations — 1.3% (Cost: $1,086,039)				1,059,123
Short-Term Investments
Money Market Funds — 9.7%
BlackRock Cash Funds: Institutional, SL Agency Shares, 2.62%(i)(j)(k)		6,423		6,425,194
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.31%(i)(j)		1,352		1,352,497
				7,777,691
Total Short-Term Investments — 9.7% (Cost: $7,776,382)				7,777,691
Total Investments in Securities — 107.0% (Cost: $88,012,312)				86,039,262
Other Assets, Less Liabilities — (7.0)%				(5,630,143	)
Net Assets — 100.0%			$	80,409,119

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

^(b)  All or a portion of this security is on loan.

^(c)  Perpetual security with no stated maturity date.

^(d)  Security is issued at a fixed coupon rate, which converts to a variable rate at a specified date. Reference index and spread are provided if the rate is currently floating.

^(e)  Variable or floating rate security. Rate shown is the rate in effect as of period-end.

^(f)  Payment-in-kind (“PIK”) bond which gives the issuer an option to make coupon payments in cash or in the form of additional bonds. Stated interest rate represents the cash coupon rate.

^(g)  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.

^(h)  Investments are denominated in U.S. dollars.

17

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® J.P. Morgan EM Corporate Bond ETF

⁽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

Investments in issuers considered to be affiliates of the Fund during the three months ended January 31, 2019, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Shares Held at 10/31/18 (000)		Net Activity (000)		Shares Held at 01/31/19 (000)		Value at 01/31/19		Income			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares		4,764		1,659		6,423	$	6,425,194	$	10,213	(a)	$	(204	)	$	794
BlackRock Cash Funds: Treasury, SL Agency Shares		336		1,016		1,352		1,352,497		4,087			—			—
							$	7,777,691	$	14,300		$	(204	)	$	794

^(a)  Includes 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, and less fees paid to BTC as securities lending agent.

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, 2019. 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	$	—	$	77,202,448	$	—	$	77,202,448
Foreign Government Obligations		—		1,059,123		—		1,059,123
Money Market Funds		7,777,691		—		—		7,777,691
	$	7,777,691	$	78,261,571	$	—	$	86,039,262

Portfolio Abbreviations - Fixed Income

LIBOR	London Interbank Offered Rate
PIK	Payment-in-kind

18

Schedule of Investments  (unaudited) January 31, 2019 iShares^® J.P. Morgan EM Local Currency Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
Foreign Government Obligations
Argentina — 4.2%
Argentine Bonos del Tesoro
15.50%, 10/17/26	ARS		411,098	$	9,120,553
16.00%, 10/17/23	ARS		231,060		5,507,025
18.20%, 10/03/21	ARS		236,890		5,190,964
					19,818,542
Brazil — 14.8%
Brazil Letras do Tesouro Nacional
0.00%, 01/01/20(a)	BRL		8,300		2,152,190
0.00%, 04/01/20(a)	BRL		15,440		3,939,195
0.00%, 07/01/20(a)	BRL		51,500		12,914,330
0.00%, 07/01/21(a)	BRL		21,037		4,868,122
0.00%, 01/01/22(a)	BRL		15,524		3,435,954
0.00%, 07/01/22(a)	BRL		26,000		5,505,505
Brazil Notas do Tesouro Nacional
Series F, 10.00%, 01/01/21	BRL		26,441		7,623,778
Series F, 10.00%, 01/01/23	BRL		54,525		15,891,459
Series F, 10.00%, 01/01/25	BRL		19,899		5,818,597
Series F, 10.00%, 01/01/27	BRL		19,979		5,848,453
Series F, 10.00%, 01/01/29	BRL		2,263		665,915
Brazilian Government International Bond
8.50%, 01/05/24	BRL		500		140,163
10.25%, 01/10/28	BRL		1,420		436,258
12.50%, 01/05/22	BRL		1,633		503,957
					69,743,876
Chile — 4.4%
Bonos de la Tesoreria de la Republica en pesos
4.50%, 02/28/21	CLP		1,425,000		2,222,718
4.50%, 03/01/21	CLP		1,230,000		1,918,310
4.50%, 03/01/26	CLP		3,450,000		5,391,362
5.00%, 03/01/35	CLP		3,890,000		6,211,091
6.00%, 01/01/43	CLP		2,280,000		4,144,664
Chile Government International Bond, 5.50%, 08/05/20	CLP		390,000		612,566
					20,500,711
Colombia — 4.4%
Colombia Government International Bond
7.75%, 04/14/21	COP		5,918,000		1,981,652
9.85%, 06/28/27	COP		745,000		292,664
Colombian TES
6.00%, 04/28/28	COP		8,353,000		2,571,145
6.25%, 11/26/25	COP		1,813,400		576,699
7.00%, 05/04/22	COP		8,544,200		2,867,101
7.00%, 06/30/32	COP		4,910,000		1,574,357
7.50%, 08/26/26	COP		10,328,000		3,524,890
7.75%, 09/18/30	COP		8,808,000		3,010,773
10.00%, 07/24/24	COP		8,440,300		3,200,412
11.00%, 07/24/20	COP		2,417,900		842,901
					20,442,594
Czech Republic — 4.4%
Czech Republic Government Bond 0.25%, 02/10/27	CZK		15,000		596,276
0.45%, 10/25/23(b)	CZK		16,000		675,977
0.95%, 05/15/30(b)	CZK		60,430		2,419,699
1.00%, 06/26/26(b)	CZK		10,000		424,517
2.40%, 09/17/25(b)	CZK		34,470		1,607,875
2.50%, 08/25/28(b)	CZK		60,080		2,865,133
2.75%, 07/23/29	CZK		39,400		1,907,335

Security		Par (000)		Value
Czech Republic (continued)
3.75%, 09/12/20(b)	CZK		10,840	$	498,317
3.85%, 09/29/21(b)	CZK		99,100		4,665,498
4.70%, 09/12/22(b)	CZK		59,850		2,952,268
5.70%, 05/25/24(b)	CZK		38,950		2,108,722
					20,721,617
Dominican Republic — 4.2%
Dominican Republic International Bond, 8.90%, 02/15/23(b)	DOP		1,028,650		19,930,097
Hungary — 4.3%
Hungary Government Bond 2.50%, 10/27/21	HUF		394,000		1,480,213
2.75%, 12/22/26	HUF		834,650		3,035,376
3.00%, 06/26/24	HUF		504,000		1,911,100
3.00%, 10/27/27	HUF		358,840		1,327,159
3.50%, 06/24/20	HUF		1,172,630		4,435,803
5.50%, 06/24/25	HUF		835,010		3,587,788
6.00%, 11/24/23	HUF		158,850		690,156
6.75%, 10/22/28	HUF		135,000		651,464
7.00%, 06/24/22	HUF		431,660		1,849,172
7.50%, 11/12/20	HUF		322,320		1,312,866
					20,281,097
Indonesia — 5.3%
Indonesia Treasury Bond 5.63%, 05/15/23	IDR		48,672,000		3,223,900
6.13%, 05/15/28	IDR		27,992,000		1,749,938
6.63%, 05/15/33	IDR		9,590,000		589,230
7.00%, 05/15/22	IDR		14,121,000		991,426
7.00%, 05/15/27	IDR		25,000,000		1,666,309
7.50%, 08/15/32	IDR		15,690,000		1,042,912
7.50%, 05/15/38	IDR		10,516,000		688,648
8.25%, 07/15/21	IDR		18,544,000		1,347,086
8.25%, 06/15/32	IDR		22,819,000		1,618,438
8.25%, 05/15/36	IDR		15,000,000		1,060,118
8.38%, 03/15/24	IDR		28,904,000		2,102,250
8.38%, 09/15/26	IDR		39,283,000		2,860,848
8.38%, 03/15/34	IDR		30,196,000		2,166,505
8.75%, 05/15/31	IDR		10,639,000		788,074
9.00%, 03/15/29	IDR		9,696,000		737,305
9.50%, 07/15/31	IDR		4,008,000		312,953
11.00%, 11/15/20	IDR		3,648,000		276,880
11.00%, 09/15/25	IDR		10,435,000		853,247
Perusahaan Penerbit SBSN Indonesia, 8.88%, 11/15/31	IDR		13,500,000		965,884
					25,041,951
Malaysia — 4.4%
Malaysia Government Bond 3.48%, 03/15/23	MYR		9,261		2,232,475
3.49%, 03/31/20	MYR		17,837		4,354,122
3.90%, 11/30/26	MYR		6,640		1,601,957
3.90%, 11/16/27	MYR		6,500		1,563,137
4.06%, 09/30/24	MYR		1,200		294,730
4.23%, 06/30/31	MYR		4,362		1,052,686
4.76%, 04/07/37	MYR		3,117		778,663
4.94%, 09/30/43	MYR		3,695		920,594
Malaysia Government Investment Issue 3.23%, 04/15/20	MYR		1,500		364,917
3.95%, 04/14/22	MYR		17,205		4,221,555
4.07%, 09/30/26	MYR		6,898		1,678,134

19

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® J.P. Morgan EM Local Currency Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
Malaysia (continued)
4.26%, 07/26/27	MYR		4,000	$	983,483
4.37%, 10/31/28	MYR		2,599		644,566
					20,691,019
Mexico — 7.4%
Mexican Bonos 5.00%, 12/11/19	MXN		10,623		541,928
5.75%, 03/05/26	MXN		36,362		1,645,532
6.50%, 06/10/21	MXN		52,648		2,666,681
6.50%, 06/09/22	MXN		148,190		7,401,993
7.50%, 06/03/27	MXN		155,121		7,704,037
7.75%, 05/29/31	MXN		43,707		2,148,863
7.75%, 11/13/42	MXN		48,840		2,307,777
8.00%, 06/11/20	MXN		20,929		1,096,087
8.00%, 12/07/23	MXN		40,815		2,125,891
8.00%, 11/07/47	MXN		14,351		691,764
8.50%, 05/31/29	MXN		4,400		231,033
8.50%, 11/18/38	MXN		16,526		848,741
10.00%, 12/05/24	MXN		67,223		3,820,297
10.00%, 11/20/36	MXN		22,923		1,342,159
					34,572,783
Peru — 4.4%
Peru Government Bond 5.70%, 08/12/24	PEN		5,345		1,676,196
6.15%, 08/12/32(b)(c)	PEN		6,084		1,871,615
6.35%, 08/12/28	PEN		25,526		8,135,244
6.90%, 08/12/37	PEN		5,171		1,691,635
6.95%, 08/12/31	PEN		12,511		4,128,882
8.20%, 08/12/26	PEN		9,276		3,296,445
					20,800,017
Philippines — 4.4%
Philippine Government International Bond 3.90%, 11/26/22	PHP		266,000		4,868,091
4.95%, 01/15/21	PHP		372,000		7,096,412
6.25%, 01/14/36	PHP		434,000		8,536,916
					20,501,419
Poland — 4.6%
Republic of Poland Government Bond 1.50%, 04/25/20	PLN		1,756		473,540
1.75%, 07/25/21	PLN		15,699		4,246,231
2.25%, 04/25/22	PLN		6,000		1,640,009
2.50%, 01/25/23	PLN		3,929		1,081,582
2.50%, 07/25/26	PLN		4,791		1,285,990
2.50%, 07/25/27	PLN		10,724		2,857,144
2.75%, 04/25/28	PLN		4,546		1,224,439
3.25%, 07/25/25	PLN		3,868		1,095,110
4.00%, 10/25/23	PLN		5,421		1,586,909
5.25%, 10/25/20	PLN		3,950		1,132,791
5.75%, 10/25/21	PLN		7,803		2,332,737
5.75%, 09/23/22	PLN		8,789		2,688,566
					21,645,048
Romania — 4.4%
Romania Government Bond 3.25%, 03/22/21	RON		15,080		3,612,877
3.25%, 04/29/24	RON		8,000		1,814,422
3.50%, 12/19/22	RON		17,125		4,030,307
4.75%, 02/24/25	RON		5,825		1,413,425
5.75%, 04/29/20	RON		2,700		672,119
5.80%, 07/26/27	RON		8,910		2,304,427

Security		Par (000)		Value
Romania (continued)
5.85%, 04/26/23	RON		11,730	$	2,982,005
5.95%, 06/11/21	RON		14,420		3,646,622
					20,476,204
Russia — 4.4%
Russian Federal Bond - OFZ 6.90%, 05/23/29	RUB		20,500		288,470
7.00%, 01/25/23	RUB		587,938		8,734,380
7.05%, 01/19/28	RUB		90,908		1,307,694
7.10%, 10/16/24	RUB		219,250		3,232,791
7.25%, 05/10/34	RUB		22,872		322,495
7.50%, 08/18/21	RUB		65,550		996,683
7.60%, 04/14/21	RUB		46,910		715,197
7.70%, 03/23/33	RUB		94,914		1,404,602
7.75%, 09/16/26	RUB		75,515		1,141,395
8.15%, 02/03/27	RUB		101,486		1,568,397
8.50%, 09/17/31	RUB		71,080		1,122,451
					20,834,555
South Africa — 4.5%
Republic of South Africa Government Bond 6.25%, 03/31/36	ZAR		17,469		964,427
6.50%, 02/28/41	ZAR		18,685		1,011,740
6.75%, 03/31/21	ZAR		17,000		1,273,097
7.00%, 02/28/31	ZAR		26,800		1,698,471
7.75%, 02/28/23	ZAR		2,200		165,826
8.00%, 01/31/30	ZAR		32,093		2,237,915
8.25%, 03/31/32	ZAR		14,856		1,030,688
8.50%, 01/31/37	ZAR		26,632		1,827,770
8.75%, 01/31/44	ZAR		26,000		1,796,105
8.75%, 02/28/48	ZAR		47,664		3,291,176
8.88%, 02/28/35	ZAR		28,000		2,006,706
10.50%, 12/21/26	ZAR		47,086		3,933,646
					21,237,567
Thailand — 4.4%
Thailand Government Bond 1.88%, 06/17/22	THB		34,000		1,080,898
2.00%, 12/17/22	THB		9,100		290,146
2.13%, 12/17/26	THB		30,382		952,715
2.55%, 06/26/20	THB		24,775		797,379
2.88%, 06/17/46	THB		21,000		624,354
3.40%, 06/17/36	THB		96,770		3,270,652
3.63%, 06/16/23	THB		78,428		2,672,895
3.65%, 12/17/21	THB		93,272		3,135,796
3.65%, 06/20/31	THB		12,300		431,950
3.78%, 06/25/32	THB		13,638		483,322
3.85%, 12/12/25	THB		52,949		1,863,026
4.26%, 12/12/37(b)	THB		470		16,827
4.88%, 06/22/29	THB		128,480		4,944,514
					20,564,474
Turkey — 4.5%
Turkey Government Bond 7.40%, 02/05/20	TRY		6,712		1,160,617
8.00%, 03/12/25	TRY		2,652		380,445
8.50%, 09/14/22	TRY		8,799		1,382,095
8.80%, 09/27/23	TRY		16,464		2,531,998
9.00%, 07/24/24	TRY		17,668		2,700,089
9.20%, 09/22/21	TRY		16,750		2,757,202
9.40%, 07/08/20	TRY		7,700		1,324,021
9.50%, 01/12/22	TRY		5,614		916,463
10.50%, 08/11/27	TRY		6,546		1,057,296

20

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® J.P. Morgan EM Local Currency Bond ETF (Percentages shown are based on Net Assets)

Security		Par/ Shares (000)		Value
Turkey (continued)
10.60%, 02/11/26	TRY		14,666	$	2,419,823
10.70%, 02/17/21	TRY		6,900		1,182,461
11.00%, 03/02/22	TRY		3,600		610,676
11.00%, 02/24/27	TRY		2,500		414,179
12.20%, 01/18/23	TRY		8,541		1,488,433
12.40%, 03/08/28	TRY		5,000		895,496
					21,221,294
Uruguay — 4.3%
Uruguay Government International Bond 8.50%, 03/15/28(b)	UYU		338,343		9,070,649
9.88%, 06/20/22(b)	UYU		356,177		10,944,139
					20,014,788
Total Foreign Government Obligations — 97.7% (Cost: $469,603,158)					459,039,653
Short-Term Investments
Money Market Funds — 0.1%
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.31%(d)(e)			503		503,419
Total Short-Term Investments — 0.1% (Cost: $503,419)					503,419
Total Investments in Securities — 97.8% (Cost: $470,106,577)					459,543,072
Other Assets, Less Liabilities — 2.2%					10,235,317
Net Assets — 100.0%				$	469,778,389

^(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

Investments in issuers considered to be affiliates of the Fund during the three months ended January 31, 2019, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Shares Held at 10/31/18 (000)		Net Activity (000)		Shares Held at 01/31/19 (000)		Value at 01/31/19		Income		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Treasury, SL Agency Shares		35		468		503	$	503,419	$	11,910	$	—	$	—

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, 2019. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Investments
Assets
Foreign Government Obligations	$	—	$	459,039,653	$	—	$	459,039,653
Money Market Funds		503,419		—		—		503,419
	$	503,419	$	459,039,653	$	—	$	459,543,072

21

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® J.P. Morgan EM Local Currency Bond ETF

Currency Abbreviations

ARS	Argentine Peso
BRL	Brazilian Real
CLP	Chilean Peso
COP	Colombian Peso
CZK	Czech Koruna
DOP	Dominican Peso
HUF	Hungarian Forint
IDR	Indonesian Rupiah
MXN	Mexican Peso
MYR	Malaysian Ringgit
PEN	Peru Nuevo Sol
PHP	Philippine Peso
PLN	Polish Zloty
RON	Romanian Leu
RUB	New Russian Ruble
THB	Thai Baht
TRY	Turkish Lira
UYU	Uruguayan Peso
ZAR	South African Rand

22

Schedule of Investments  (unaudited) January 31, 2019 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
Corporate Bonds & Notes
Australia — 0.2%
FMG Resources August 2006 Pty Ltd. 4.75%, 05/15/22 (Call 02/15/22)(a)	USD		100	$	99,500
5.13%, 03/15/23 (Call 12/15/22)(a)	USD		50		49,437
5.13%, 05/15/24 (Call 02/15/24)(a)(b)	USD		100		98,300
					247,237
Austria — 0.1%
Raiffeisenlandesbank Niederoesterreich-Wien AG, 5.88%, 11/27/23(c)	EUR		100		126,353
Wienerberger AG, 2.00%, 05/02/24(c)	EUR		50		58,093
					184,446
Belgium — 0.2%
Telenet Finance Luxembourg Notes Sarl 3.50%, 03/01/28 (Call 12/01/22)(c)	EUR		100		113,373
5.50%, 03/01/28 (Call 12/01/22)(a)	USD		200		189,500
					302,873
Bermuda — 0.1%
Weatherford International Ltd., 9.88%, 02/15/24
(Call 11/15/23)(b)	USD		125		81,250
Brazil — 0.3%
JBS Investments GmbH, 6.25%, 02/05/23
(Call 03/06/19)(a)	USD		200		201,000
JBS USA LUX SA/JBS USA Finance Inc. 5.75%, 06/15/25 (Call 06/15/20)(a)	USD		125		124,687
5.88%, 07/15/24 (Call 07/15/19)(a)(b)	USD		75		75,849
6.75%, 02/15/28 (Call 02/15/23)(a)	USD		100		102,250
					503,786
Canada — 3.3%
1011778 BC ULC/New Red Finance Inc. 4.25%, 05/15/24 (Call 05/15/20)(a)(b)	USD		200		194,464
4.63%, 01/15/22 (Call 03/04/19)(a)	USD		175		175,437
5.00%, 10/15/25 (Call 10/15/20)(a)(b)	USD		350		336,735
Air Canada 4.75%, 10/06/23 (Call 10/06/19)(a)	CAD		25		19,274
7.75%, 04/15/21(a)(b)	USD		50		53,437
Bausch Health Companies Inc., 5.63%, 12/01/21 (Call 03/04/19)(a)	USD		100		100,047
Baytex Energy Corp., 6.63%, 07/19/22 (Call 03/01/19)	CAD		50		36,882
Bombardier Inc. 5.75%, 03/15/22(a)	USD		50		47,828
6.00%, 10/15/22 (Call 03/04/19)(a)(b)	USD		150		144,562
6.13%, 05/15/21(c)	EUR		100		117,594
6.13%, 01/15/23(a)(b)	USD		175		168,283
7.50%, 12/01/24 (Call 12/01/20)(a)(b)	USD		125		120,469
7.50%, 03/15/25 (Call 03/15/20)(a)	USD		200		192,750
7.75%, 03/15/20(a)	USD		100		103,000
8.75%, 12/01/21(a)	USD		175		185,771
Brookfield Residential Properties Inc. 6.13%, 05/15/23 (Call 03/01/19)(a)	CAD		50		37,727
6.50%, 12/15/20 (Call 03/04/19)(a)(b)	USD		50		50,161
Brookfield Residential Properties Inc./Brookfield Residential U.S. Corp., 6.13%, 07/01/22 (Call 03/04/19)(a)	USD		75		73,500
Cascades Inc., 5.50%, 07/15/21 (Call 03/01/19)(a)	CAD		25		19,160
CES Energy Solutions Corp., 6.38%, 10/21/24 (Call 10/21/20)	CAD		50		36,026
Cott Corp., 5.50%, 07/01/24 (Call 07/01/19)(c)	EUR		100		120,422
Crew Energy Inc., 6.50%, 03/14/24 (Call 03/14/20)(a)	CAD		50		32,409

Security		Par (000)		Value
Canada (continued)
GFL Environmental Inc., 5.38%, 03/01/23
(Call 03/01/20)(a)(b)	USD		50	$	47,313
Gibson Energy Inc. 5.25%, 07/15/24 (Call 07/15/20)(c)	CAD		100		74,336
5.38%, 07/15/22 (Call 03/01/19)(a)	CAD		50		38,205
Hulk Finance Corp., 7.00%, 06/01/26 (Call 06/01/21)(a)(b)	USD		50		46,010
Iron Mountain Canada Operations ULC, 5.38%, 09/15/23 (Call 09/15/19)(a)	CAD		25		19,006
MEG Energy Corp. 6.38%, 01/30/23 (Call 03/04/19)(a)	USD		100		88,500
6.50%, 01/15/25 (Call 01/15/20)(a)	USD		100		98,375
7.00%, 03/31/24 (Call 03/04/19)(a)	USD		125		110,312
NOVA Chemicals Corp. 4.88%, 06/01/24 (Call 03/03/24)(a)	USD		115		109,271
5.00%, 05/01/25 (Call 01/31/25)(a)	USD		75		69,320
5.25%, 08/01/23 (Call 03/04/19)(a)	USD		75		72,922
5.25%, 06/01/27 (Call 03/03/27)(a)	USD		125		114,062
NuVista Energy Ltd., 6.50%, 03/02/23 (Call 03/02/20)	CAD		50		36,740
Open Text Corp. 5.63%, 01/15/23 (Call 03/04/19)(a)	USD		100		102,547
5.88%, 06/01/26 (Call 06/01/21)(a)	USD		100		102,966
Parkland Fuel Corp. 5.63%, 05/09/25 (Call 05/09/20)	CAD		100		73,693
5.75%, 09/16/24 (Call 09/16/19)(a)	CAD		25		18,637
5.75%, 09/16/24 (Call 09/16/19)	CAD		50		37,275
6.00%, 11/21/22 (Call 03/01/19)	CAD		50		38,596
Postmedia Network Inc., 8.25%, 07/15/21
(Call 03/01/19)(a)	CAD		1		447
Precision Drilling Corp., 7.13%, 01/15/26
(Call 11/15/20)(a)	USD		55		50,463
Quebecor Media Inc. 5.75%, 01/15/23	USD		125		128,978
6.63%, 01/15/23(a)	CAD		75		60,213
Russel Metals Inc., 6.00%, 04/19/22 (Call 03/01/19)(a)	CAD		25		19,149
Seven Generations Energy Ltd. 5.38%, 09/30/25 (Call 09/30/20)(a)	USD		100		96,050
6.75%, 05/01/23 (Call 03/04/19)(a)	USD		50		50,705
6.88%, 06/30/23 (Call 03/04/19)(a)	USD		50		50,875
Stars Group Holdings BV/Stars Group US Co-Borrower LLC, 7.00%, 07/15/26 (Call 07/15/21)(a)(b)	USD		125		126,756
Superior Plus LP 5.13%, 08/27/25 (Call 02/27/21)	CAD		50		34,895
5.25%, 02/27/24 (Call 02/27/20)	CAD		50		35,978
Teck Resources Ltd., 8.50%, 06/01/24 (Call 06/01/19)(a)	USD		75		80,868
Videotron Ltd. 5.00%, 07/15/22(b)	USD		100		102,820
5.13%, 04/15/27 (Call 04/15/22)(a)	USD		75		75,000
5.38%, 06/15/24 (Call 03/15/24)(a)	USD		50		51,625
5.63%, 06/15/25 (Call 03/15/25)	CAD		50		39,347
5.75%, 01/15/26 (Call 09/15/20)(c)	CAD		75		58,928
					4,727,121
Denmark — 0.3%
DKT Finance ApS, 7.00%, 06/17/23 (Call 06/17/20)(c)	EUR		200		247,962
TDC AS, 5.63%, 02/23/23(c)	GBP		100		145,266
					393,228

23

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
Finland — 0.4%
Nokia OYJ 1.00%, 03/15/21 (Call 02/15/21)(c)	EUR		100	$	115,797
3.38%, 06/12/22	USD		75		73,652
4.38%, 06/12/27(b)	USD		80		77,200
Teollisuuden Voima OYJ 2.00%, 05/08/24 (Call 02/08/24)(c)	EUR		100		115,157
2.13%, 02/04/25 (Call 11/04/24)(c)	EUR		100		114,766
2.50%, 03/17/21(c)	EUR		100		118,617
					615,189
France — 3.6%
Altice France SA/France 5.63%, 05/15/24 (Call 05/15/19)(c)	EUR		100		118,035
5.88%, 02/01/27 (Call 02/01/22)(c)	EUR		200		231,430
6.25%, 05/15/24 (Call 05/15/19)(a)	USD		200		196,060
7.38%, 05/01/26 (Call 05/01/21)(a)	USD		600		578,430
8.13%, 02/01/27 (Call 02/01/22)(a)	USD		200		196,230
Banijay Group SAS, 4.00%, 07/01/22 (Call 07/01/19)(c)	EUR		100		117,573
Burger King France SAS, 6.00%, 05/01/24 (Call 05/01/20)(c)	EUR		100		121,039
Casino Guichard Perrachon SA 4.05%, 08/05/26 (Call 05/05/26)(c)	EUR		100		104,419
4.50%, 03/07/24 (Call 12/07/23)(c)	EUR		200		221,063
4.56%, 01/25/23(c)	EUR		100		112,234
5.24%, 03/09/20	EUR		100		119,540
5.98%, 05/26/21(c)	EUR		100		121,344
CMA CGM SA 5.25%, 01/15/25 (Call 10/15/20)(c)	EUR		100		97,491
6.50%, 07/15/22 (Call 07/15/19)(c)	EUR		100		109,118
Elis SA 1.88%, 02/15/23 (Call 11/15/22)(c)	EUR		100		115,072
3.00%, 04/30/22 (Call 03/04/19)(c)	EUR		100		115,894
Europcar Mobility Group 4.13%, 11/15/24 (Call 11/15/20)(c)	EUR		100		112,047
5.75%, 06/15/22 (Call 02/11/19)(c)	EUR		100		117,561
Faurecia SA 2.63%, 06/15/25 (Call 06/15/21)(c)	EUR		100		109,434
3.63%, 06/15/23 (Call 06/15/19)(c)	EUR		100		117,552
Fnac Darty SA, 3.25%, 09/30/23 (Call 09/30/19)(c)	EUR		100		116,738
Getlink SE, 3.63%, 10/01/23(c)	EUR		100		116,622
La Financiere Atalian SASU, 5.13%, 05/15/25 (Call 05/15/21)(c)	EUR		100		88,412
Loxam SAS 4.88%, 07/23/21 (Call 02/11/19)(c)	EUR		58		67,783
6.00%, 04/15/25 (Call 04/15/20)(c)	EUR		100		117,836
Mobilux Finance SAS, 5.50%, 11/15/24 (Call 11/15/19)(c)	EUR		100		106,856
Nexans SA, 3.25%, 05/26/21 (Call 02/26/21)(c)	EUR		100		119,660
Orano SA 3.50%, 03/22/21(c)	EUR		200		239,048
4.88%, 09/23/24	EUR		150		178,812
Paprec Holding SA, 4.00%, 03/31/25 (Call 03/31/21)(c)	EUR		100		97,506
Rexel SA 2.63%, 06/15/24 (Call 03/15/20)(c)	EUR		100		114,980
3.50%, 06/15/23 (Call 06/15/19)(c)	EUR		100		117,552
SPCM SA, 2.88%, 06/15/23 (Call 02/11/19)(c)	EUR		100		115,818
SPIE SA, 3.13%, 03/22/24 (Call 09/22/23)(c)	EUR		100		115,119
Synlab Bondco PLC, 6.25%, 07/01/22 (Call 02/11/19)(c)	EUR		150		177,858
Tereos Finance Groupe I SA, 4.13%, 06/16/23 (Call 03/16/23)(c)	EUR		100		99,522

Security		Par (000)		Value
France (continued)
Vallourec SA 2.25%, 09/30/24(c)	EUR		100	$	60,880
6.63%, 10/15/22 (Call 10/15/20)(c)	EUR		100		72,684
					5,255,252
Germany — 2.9%
Adler Pelzer Holding GmbH, 4.13%, 04/01/24 (Call 04/01/20)(c)	EUR		100		106,282
ADLER Real Estate AG 1.50%, 12/06/21 (Call 11/06/21)(c)	EUR		100		113,717
3.00%, 04/27/26 (Call 02/27/26)(c)	EUR		100		111,486
Blitz F18-674 GmbH, 6.00%, 07/30/26 (Call 07/30/21)(c)	EUR		100		114,266
BMBG Bond Finance SCA, 3.00%, 06/15/21 (Call 03/04/19)(c)	EUR		100		116,140
CBR Fashion Finance BV, 5.13%, 10/01/22 (Call 10/01/19)(c)	EUR		100		98,076
CTC BondCo GmbH, 5.25%, 12/15/25 (Call 12/15/20)(c)	EUR		100		111,031
Deutsche Bank AG 2.75%, 02/17/25(c)	EUR		125		140,882
4.50%, 05/19/26(c)	EUR		100		118,600
Deutsche Bank AG/New York NY, 4.88%, 12/01/32 (Call 12/01/27)(d)(e)	USD		200		168,549
Deutsche Lufthansa AG, 5.13%, 08/12/75 (Call 02/12/21)(c)(d)(e)	EUR		100		120,646
Douglas GmbH, 6.25%, 07/15/22 (Call 02/11/19)(c)	EUR		100		91,183
Hapag-Lloyd AG, 5.13%, 07/15/24 (Call 07/15/20)(c)	EUR		100		115,128
K+S AG 2.63%, 04/06/23 (Call 01/06/23)(c)	EUR		100		118,310
3.25%, 07/18/24 (Call 04/18/24)(c)	EUR		100		114,001
4.13%, 12/06/21(c)	EUR		100		122,805
KME AG, 6.75%, 02/01/23 (Call 02/01/20)(c)	EUR		100		105,565
LANXESS AG, 4.50%, 12/06/76 (Call 06/06/23)(c)(d)(e)	EUR		100		120,608
METRO AG, 1.50%, 03/19/25(c)	EUR		100		106,748
Nidda BondCo GmbH, 5.00%, 09/30/25 (Call 09/30/20)(c)	EUR		100		105,498
Nidda Healthcare Holding GmbH, 3.50%, 09/30/24 (Call 09/30/20)(c)	EUR		100		111,795
Norddeutsche Landesbank Girozentrale, 6.00%, 06/29/20	EUR		50		54,824
Platin 1426 GmbH, 5.38%, 06/15/23 (Call 12/15/19)(c)	EUR		100		106,695
RWE AG, 2.75%, 04/21/75 (Call 10/21/20)(c)(d)(e)	EUR		100		115,582
Senvion Holding GmbH, 3.88%, 10/25/22 (Call 05/01/19)(c)	EUR		100		59,476
Summit Properties Ltd., 2.00%, 01/31/25 (Call 01/31/21)(c)	EUR		100		107,355
Tele Columbus AG, 3.88%, 05/02/25 (Call 05/02/21)(c)	EUR		100		104,496
thyssenkrupp AG 1.38%, 03/03/22 (Call 12/03/21)(c)	EUR		100		113,619
1.75%, 11/25/20 (Call 08/25/20)(c)	EUR		100		116,215
2.50%, 02/25/25(c)	EUR		100		115,763
2.75%, 03/08/21 (Call 12/08/20)(c)	EUR		75		88,839
TUI AG, 2.13%, 10/26/21 (Call 07/26/21)(c)	EUR		100		116,997
Unitymedia GmbH 3.75%, 01/15/27 (Call 01/15/21)(c)	EUR		100		119,181
6.13%, 01/15/25 (Call 01/15/20)(a)	USD		200		206,750
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH 4.00%, 01/15/25 (Call 01/15/20)(c)	EUR		100		119,274
4.63%, 02/15/26 (Call 02/15/21)(c)	EUR		90		110,928

24

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
Germany (continued)
WEPA Hygieneprodukte GmbH, 3.75%, 05/15/24 (Call 05/15/19)(c)	EUR		100	$	114,042
					4,201,352
Greece — 0.2%
Intralot Capital Luxembourg SA, 5.25%, 09/15/24 (Call 09/15/20)(c)	EUR		100		78,691
OTE PLC, 3.50%, 07/09/20(c)	EUR		100		118,479
Titan Global Finance PLC, 3.50%, 06/17/21(c)	EUR		100		118,627
					315,797
Ireland — 2.0%
Allied Irish Banks PLC, 4.13%, 11/26/25 (Call 11/26/20)(c)(d)(e)	EUR		100		117,922
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc. 4.13%, 05/15/23 (Call 05/15/19)(c)	EUR		100		117,806
4.63%, 05/15/23 (Call 05/15/19)(a)(b)	USD		200		200,161
4.75%, 07/15/27 (Call 07/15/22)(c)	GBP		100		118,670
6.00%, 02/15/25 (Call 02/15/20)(a)	USD		200		194,500
6.75%, 05/15/24 (Call 05/15/19)(c)	EUR		100		121,116
7.25%, 05/15/24 (Call 05/15/19)(a)	USD		200		207,021
Avolon Holdings Funding Ltd. 5.13%, 10/01/23 (Call 09/01/23)(a)(b)	USD		125		126,004
5.50%, 01/15/23 (Call 12/15/22)(a)	USD		75		76,398
Bank of Ireland Group PLC, 3.13%, 09/19/27 (Call 09/19/22)(c)(d)(e)	GBP		100		124,588
C&W Senior Financing DAC, 6.88%, 09/15/27 (Call 09/15/22)(a)	USD		200		190,500
eircom Finance DAC, 4.50%, 05/31/22 (Call 02/11/19)(c)	EUR		100		117,071
Park Aerospace Holdings Ltd. 4.50%, 03/15/23 (Call 02/15/23)(a)	USD		105		103,341
5.25%, 08/15/22(a)	USD		225		228,433
5.50%, 02/15/24(a)(b)	USD		175		178,016
Smurfit Kappa Acquisitions ULC 2.38%, 02/01/24 (Call 11/01/23)(c)	EUR		100		118,844
2.88%, 01/15/26(c)	EUR		100		116,714
3.25%, 06/01/21 (Call 03/10/21)(c)	EUR		100		120,998
Teva Pharmaceutical Finance Netherlands II BV, 1.13%, 10/15/24(c)	EUR		200		202,926
Virgin Media Receivables Financing Notes II DAC, 5.75%, 04/15/23 (Call 09/15/19)(c)	GBP		100		132,779
					2,913,808
Israel — 1.6%
Teva Pharmaceutical Finance Netherlands II BV 0.38%, 07/25/20(c)	EUR		150		170,082
1.25%, 03/31/23 (Call 12/31/22)(c)	EUR		200		215,731
1.88%, 03/31/27 (Call 12/31/26)(c)	EUR		100		98,687
3.25%, 04/15/22 (Call 01/15/22)	EUR		100		118,525
4.50%, 03/01/25 (Call 12/01/24)	EUR		200		240,139
Teva Pharmaceutical Finance Netherlands III BV 2.20%, 07/21/21	USD		400		378,000
2.80%, 07/21/23	USD		400		360,000
3.15%, 10/01/26(b)	USD		350		290,832
6.00%, 04/15/24 (Call 01/15/24)(b)	USD		200		203,381
6.75%, 03/01/28 (Call 12/01/27)	USD		200		207,937
					2,283,314
Italy — 4.8%
Autostrada Brescia Verona Vicenza Padova SpA, 2.38%, 03/20/20(c)	EUR		100		116,166
Banca IFIS SpA, 4.50%, 10/17/27 (Call 10/17/22)(c)(d)(e)	EUR		100		95,800

Security		Par (000)		Value
Italy (continued)
Banca Monte dei Paschi di Siena SpA, 5.38%, 01/18/28 (Call 01/18/23)(c)(d)(e)	EUR		100	$	49,857
Banco BPM SpA 2.75%, 07/27/20(c)	EUR		100		117,507
6.00%, 11/05/20(c)	EUR		100		119,498
7.13%, 03/01/21(c)	EUR		100		122,038
BPER Banca, 5.13%, 05/31/27 (Call 05/31/22)(c)(d)(e)	EUR		100		110,114
EVOCA SpA, 7.00%, 10/15/23 (Call 10/15/19)(c)	EUR		100		121,090
Fiat Chrysler Finance Europe SA 4.75%, 03/22/21(c)	EUR		100		123,443
4.75%, 07/15/22(c)	EUR		150		188,860
Iccrea Banca SpA, 1.50%, 10/11/22(c)	EUR		150		167,977
International Game Technology PLC, 4.13%, 02/15/20 (Call 11/15/19)(c)	EUR		100		117,766
Intesa Sanpaolo SpA 2.86%, 04/23/25(c)	EUR		100		114,008
3.93%, 09/15/26(c)	EUR		200		233,402
5.15%, 07/16/20	EUR		100		121,701
6.63%, 09/13/23(c)	EUR		100		131,658
Leonardo SpA 1.50%, 06/07/24 (Call 03/07/24)(c)	EUR		100		109,764
4.50%, 01/19/21	EUR		100		123,399
Mediobanca Banca di Credito Finanziario SpA 5.00%, 11/15/20	EUR		100		120,784
5.75%, 04/18/23	EUR		100		127,082
Nexi Capital SpA, 4.13%, 11/01/23 (Call 11/30/19)(c)	EUR		100		116,339
Rossini Sarl, 6.75%, 10/30/25 (Call 10/30/21)(c)	EUR		100		117,278
Saipem Finance International BV 2.75%, 04/05/22(c)	EUR		100		117,112
3.00%, 03/08/21(c)	EUR		100		117,855
Salini Impregilo SpA, 1.75%, 10/26/24(c)	EUR		100		82,540
Sisal Group SpA, 7.00%, 07/31/23 (Call 07/31/19)(c)	EUR		100		114,479
Societa Cattolica di Assicurazioni SC, 4.25%, 12/14/47 (Call 12/14/27)(c)(d)(e)	EUR		100		105,365
Telecom Italia SpA/Milano 2.38%, 10/12/27 (Call 07/12/27)(c)	EUR		100		98,746
2.50%, 07/19/23(c)	EUR		200		221,019
2.88%, 01/28/26 (Call 10/28/25)(c)	EUR		100		105,202
3.00%, 09/30/25(c)	EUR		200		215,065
3.25%, 01/16/23(c)	EUR		100		115,256
3.63%, 01/19/24(c)	EUR		100		114,305
3.63%, 05/25/26(c)	EUR		200		220,310
4.00%, 04/11/24 (Call 01/11/24)(c)	EUR		100		115,014
4.50%, 01/25/21(c)	EUR		100		120,640
4.88%, 09/25/20(c)	EUR		100		121,230
5.30%, 05/30/24(a)(b)	USD		200		190,250
UniCredit SpA 4.38%, 01/03/27 (Call 01/03/22)(c)(d)(e)	EUR		100		115,435
5.75%, 10/28/25 (Call 10/28/20)(c)(d)(e)	EUR		200		237,135
5.86%, 06/19/32 (Call 06/19/27)(a)(d)(e)	USD		200		179,499
6.95%, 10/31/22(c)	EUR		200		260,619
Unione di Banche Italiane SpA 4.25%, 05/05/26 (Call 05/05/21)(c)(d)(e)	EUR		100		111,906
4.45%, 09/15/27 (Call 09/15/22)(c)(d)(e)	EUR		100		111,230
Unipol Gruppo SpA 3.50%, 11/29/27 (Call 08/29/27)(c)	EUR		100		108,506
4.38%, 03/05/21(c)	EUR		100		120,293
UnipolSai Assicurazioni SpA, 3.88%, 03/01/28(c)	EUR		100		100,226

25

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
Italy (continued)
Wind Tre SpA 2.63%, 01/20/23 (Call 11/03/19)(c)	EUR		100	$	103,600
3.13%, 01/20/25 (Call 11/03/20)(c)	EUR		300		303,399
5.00%, 01/20/26 (Call 11/03/20)(a)	USD		250		206,615
					6,898,382
Japan — 0.5%
SoftBank Group Corp. 3.13%, 09/19/25 (Call 06/21/25)(c)	EUR		250		276,926
4.00%, 07/30/22 (Call 04/30/22)(c)	EUR		100		121,293
4.00%, 04/20/23 (Call 01/20/23)(c)	EUR		100		120,440
4.00%, 09/19/29 (Call 06/21/29)(c)	EUR		125		132,868
5.00%, 04/15/28 (Call 01/16/28)(c)	EUR		100		116,531
					768,058
Luxembourg — 2.9%
Altice Financing SA 5.25%, 02/15/23 (Call 03/04/19)(c)	EUR		100		116,239
6.63%, 02/15/23 (Call 03/04/19)(a)(b)	USD		200		201,310
7.50%, 05/15/26 (Call 05/15/21)(a)	USD		400		379,750
Altice Finco SA, 4.75%, 01/15/28 (Call 10/15/22)(c)	EUR		100		94,463
Altice Luxembourg SA 6.25%, 02/15/25 (Call 02/15/20)(c)	EUR		100		98,929
7.25%, 05/15/22 (Call 03/04/19)(c)	EUR		300		338,573
7.63%, 02/15/25 (Call 02/15/20)(a)	USD		200		170,000
7.75%, 05/15/22 (Call 03/04/19)(a)(b)	USD		400		387,884
ContourGlobal Power Holdings SA, 3.38%, 08/01/23 (Call 08/01/20)(c)	EUR		100		114,056
Crystal Almond SARL, 10.00%, 11/01/21 (Call 03/04/19)(c)	EUR		79		96,265
DEA Finance SA, 7.50%, 10/15/22 (Call 04/15/19)(c)	EUR		100		120,214
Garfunkelux Holdco 3 SA, 8.50%, 11/01/22 (Call 02/11/19)(c)	GBP		100		110,313
INEOS Finance PLC, 2.13%, 11/15/25 (Call 11/15/20)(c)	EUR		100		108,103
Intelsat Connect Finance SA, 9.50%, 02/15/23 (Call 08/15/20)(a)	USD		150		139,125
Intelsat Jackson Holdings SA 5.50%, 08/01/23 (Call 03/04/19)	USD		250		227,262
8.00%, 02/15/24 (Call 03/04/19)(a)	USD		175		182,257
8.50%, 10/15/24 (Call 10/15/20)(a)	USD		375		378,164
9.50%, 09/30/22(a)	USD		75		87,188
9.75%, 07/15/25 (Call 07/15/21)(a)	USD		200		208,250
Intelsat Luxembourg SA, 8.13%, 06/01/23 (Call 03/18/19)	USD		125		104,206
Matterhorn Telecom Holding SA, 4.88%, 05/01/23 (Call 02/11/19)(c)	EUR		100		108,263
Matterhorn Telecom SA, 4.00%, 11/15/27 (Call 11/15/22)(c)	EUR		100		106,261
Samsonite Finco Sarl, 3.50%, 05/15/26 (Call 05/15/21)(c)	EUR		100		108,998
Swissport Investments SA, 6.75%, 12/15/21 (Call 02/11/19)(c)	EUR		100		118,761
					4,104,834
Netherlands — 2.4%
Constellium NV 4.63%, 05/15/21 (Call 03/04/19)(c)	EUR		100		115,709
6.63%, 03/01/25 (Call 03/01/20)(a)(b)	USD		250		250,830
InterXion Holding NV, 4.75%, 06/15/25 (Call 06/15/21)(c)	EUR		200		239,888
IPD 3 BV, 4.50%, 07/15/22 (Call 07/15/19)(c)	EUR		100		114,724
JBS Investments GmbH, 7.25%, 04/03/24 (Call 04/03/19)(a)(b)	USD		200		206,500

Security		Par (000)		Value
Netherlands (continued)
Maxeda DIY Holding BV, 6.13%, 07/15/22 (Call 07/15/19)(c)	EUR		100	$	108,075
Nielsen Co Luxembourg Sarl/The, 5.50%, 10/01/21 (Call 03/04/19)(a)	USD		75		75,674
Nyrstar Netherlands Holdings BV, 6.88%, 03/15/24 (Call 03/15/20)(c)	EUR		100		51,459
Promontoria Holding 264 BV, 6.75%, 08/15/23 (Call 08/15/20)(c)	EUR		100		113,571
Saipem Finance International BV, 2.63%, 01/07/25(c)	EUR		100		110,509
Selecta Group BV, 5.88%, 02/01/24 (Call 02/01/20)(c)	EUR		100		112,001
Sensata Technologies BV 4.88%, 10/15/23(a)(b)	USD		75		75,695
5.00%, 10/01/25(a)	USD		150		150,937
5.63%, 11/01/24(a)	USD		50		51,750
Sigma Holdco BV, 5.75%, 05/15/26 (Call 05/15/21)(c)	EUR		100		105,368
Starfruit Finco BV/Starfruit U.S. Holdco LLC, 6.50%, 10/01/26 (Call 10/01/21)(c)	EUR		100		110,401
Sunshine Mid BV, 6.50%, 05/15/26 (Call 05/15/21)(c)	EUR		100		111,903
United Group BV, 4.38%, 07/01/22 (Call 07/01/19)(c)	EUR		100		114,918
UPC Holding BV, 3.88%, 06/15/29 (Call 06/15/22)(c)	EUR		100		108,421
UPCB Finance IV Ltd., 5.38%, 01/15/25 (Call 01/15/20)(a)	USD		200		192,000
UPCB Finance VII Ltd., 3.63%, 06/15/29 (Call 06/15/22)(c)	EUR		150		165,728
Ziggo Bond Co. BV 6.00%, 01/15/27 (Call 01/15/22)(a)	USD		150		138,187
7.13%, 05/15/24 (Call 05/15/19)(c)	EUR		100		120,421
Ziggo BV 3.75%, 01/15/25 (Call 01/15/20)(c)	EUR		100		116,796
4.25%, 01/15/27 (Call 01/15/22)(c)	EUR		100		115,902
5.50%, 01/15/27 (Call 01/15/22)(a)	USD		250		235,625
					3,412,992
Portugal — 0.3%
Caixa Geral de Depositos SA, 5.75%, 06/28/28 (Call 06/28/23)(c)(d)(e)	EUR		100		120,226
EDP - Energias de Portugal SA 4.50%, 04/30/79 (Call 01/30/24)(c)(d)(e)	EUR		100		115,520
5.38%, 09/16/75 (Call 03/16/21)(c)(d)(e)	EUR		100		121,876
Novo Banco SA, 8.50%, 07/06/28 (Call 07/06/23)(c)(d)(e)	EUR		100		110,989
					468,611
Singapore — 0.2%
Lincoln Finance Ltd., 6.88%, 04/15/21 (Call 02/11/19)(c)	EUR		100		117,849
Puma International Financing SA, 5.13%, 10/06/24 (Call 10/06/20)(a)	USD		200		176,000
					293,849
Spain — 1.3%
Banco de Sabadell SA 5.38%, 12/12/28 (Call 12/12/23)(c)(d)(e)	EUR		100		116,450
5.63%, 05/06/26(c)	EUR		100		119,686
Bankia SA, 3.38%, 03/15/27 (Call 03/15/22)(c)(d)(e)	EUR		100		115,530
Bankinter SA, 2.50%, 04/06/27 (Call 04/06/22)(c)(d)(e)	EUR		100		114,577
Cellnex Telecom SA 2.38%, 01/16/24 (Call 10/16/23)(c)	EUR		100		114,335
3.13%, 07/27/22(c)	EUR		100		120,279
Codere Finance 2 Luxembourg SA, 6.75%, 11/01/21 (Call 03/04/19)(c)	EUR		100		106,482
Distribuidora Internacional de Alimentacion SA, 0.88%, 04/06/23 (Call 01/06/23)(c)	EUR		100		65,569
El Corte Ingles SA, 3.00%, 03/15/24 (Call 10/15/20)(c)	EUR		100		116,597

26

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
Spain (continued)
Gestamp Funding Luxembourg SA, 3.50%, 05/15/23 (Call 05/15/19)(c)	EUR		100	$	111,067
Grifols SA, 3.20%, 05/01/25 (Call 05/01/20)(c)	EUR		100		114,368
Grupo Isolux Corsan SA 0.25%, 12/30/21 (Call 03/04/19)(f)(g)	EUR		0		—
Series B, 6.00%, 12/30/21 (Call 03/04/19)(f)(g)	EUR		28		486
Grupo-Antolin Irausa SA, 3.25%, 04/30/24 (Call 04/30/20)(c)	EUR		100		91,638
Ibercaja Banco SA, 5.00%, 07/28/25 (Call 07/28/20)(c)(d)(e)	EUR		100		115,457
LHMC Finco Sarl, 6.25%, 12/20/23 (Call 06/20/20)(c)	EUR		100		119,327
NH Hotel Group SA, 3.75%, 10/01/23 (Call 10/01/19)(c)	EUR		90		106,415
Obrascon Huarte Lain SA, 4.75%, 03/15/22 (Call 03/04/19)(c)	EUR		100		60,707
Repsol International Finance BV, 4.50%, 03/25/75 (Call 03/25/25)(c)(d)(e)	EUR		100		121,248
					1,830,218
Sweden — 0.8%
Akelius Residential Property AB, 3.88%, 10/05/78 (Call 07/05/23)(c)(d)(e)	EUR		100		113,652
Fastighets AB Balder, 3.00%, 03/07/78 (Call 03/07/23)(c)(d)(e)	EUR		100		109,023
Intrum AB 2.75%, 07/15/22 (Call 07/15/19)(c)	EUR		100		111,222
3.13%, 07/15/24 (Call 07/15/20)(c)	EUR		200		216,716
Telefonaktiebolaget LM Ericsson 4.13%, 05/15/22	USD		125		124,378
Series 7Y, 1.88%, 03/01/24(c)	EUR		100		114,530
Verisure Midholding AB, 5.75%, 12/01/23 (Call 12/01/19)(c)	EUR		200		228,811
Volvo Car AB, 3.25%, 05/18/21(c)	EUR		100		119,780
					1,138,112
Switzerland — 0.2%
Dufry Finance SCA, 4.50%, 08/01/23 (Call 03/04/19)(c)	EUR		100		118,396
Dufry One BV, 2.50%, 10/15/24 (Call 10/15/20)(c)	EUR		100		114,612
Transocean Inc., 7.50%, 01/15/26 (Call 01/15/21)(a)	USD		100		95,125
					328,133
United Kingdom — 3.5%
Algeco Global Finance PLC, 6.50%, 02/15/23 (Call 02/15/20)(c)	EUR		100		115,606
Ardonagh Midco 3 PLC, 8.38%, 07/15/23 (Call 07/15/20)(c)	GBP		100		111,228
Arqiva Broadcast Finance PLC, 6.75%, 09/30/23 (Call 09/30/20)(c)	GBP		100		136,507
Cabot Financial Luxembourg SA, 7.50%, 10/01/23 (Call 10/01/19)(c)	GBP		100		123,876
Fiat Chrysler Automobiles NV 3.75%, 03/29/24(c)	EUR		200		244,473
4.50%, 04/15/20	USD		200		201,255
5.25%, 04/15/23	USD		200		202,248
Heathrow Finance PLC, 3.88%, 03/01/27(c)	GBP		100		121,447
Iceland Bondco PLC, 4.63%, 03/15/25 (Call 09/15/20)(c)	GBP		100		116,790
IDH Finance PLC, 6.25%, 08/15/22 (Call 03/04/19)(c)	GBP		100		107,869
INEOS Finance PLC, 4.00%, 05/01/23 (Call 02/11/19)(c)	EUR		100		116,313
Inmarsat Finance PLC, 4.88%, 05/15/22 (Call 03/04/19)(a)	USD		200		193,847
International Game Technology PLC, 6.25%, 01/15/27 (Call 07/15/26)(a)	USD		200		203,160
International Personal Finance PLC, 5.75%, 04/07/21(c)	EUR		100		104,188

Security		Par (000)		Value
United Kingdom (continued)
Jaguar Land Rover Automotive PLC 2.20%, 01/15/24(c)	EUR		100	$	90,402
3.88%, 03/01/23(c)	GBP		100		107,636
4.50%, 01/15/26(c)	EUR		100		90,562
Jerrold Finco PLC, 6.25%, 09/15/21 (Call 09/15/19)(c)	GBP		100		130,923
Lecta SA, 6.50%, 08/01/23 (Call 08/01/19)(c)	EUR		100		110,115
Mclaren Finance PLC, 5.00%, 08/01/22 (Call 08/01/19)(c)	GBP		100		121,861
Merlin Entertainments PLC, 2.75%, 03/15/22 (Call 12/15/21)(c)	EUR		100		118,348
New Look Secured Issuer PLC, 6.50%, 07/01/22 (Call 02/11/19)(c)	GBP		100		39,080
Noble Holding International Ltd., 7.75%, 01/15/24 (Call 10/15/23)(b)	USD		100		84,344
Nomad Foods Bondco PLC, 3.25%, 05/15/24 (Call 05/15/20)(c)	EUR		100		116,003
Pinnacle Bidco PLC, 6.38%, 02/15/25 (Call 02/15/21)(c)	GBP		100		132,141
Pizzaexpress Financing 2 PLC, 6.63%, 08/01/21 (Call 02/11/19)(c)	GBP		100		110,438
Shop Direct Funding PLC, 7.75%, 11/15/22 (Call 11/15/19)(c)	GBP		100		113,681
Tesco Corporate Treasury Services PLC 1.38%, 10/24/23 (Call 07/24/23)(c)	EUR		100		113,084
2.50%, 07/01/24(c)	EUR		100		118,677
Tesco PLC, 6.13%, 02/24/22	GBP		100		145,522
Thomas Cook Group PLC, 6.25%, 06/15/22 (Call 06/15/19)(c)	EUR		100		90,505
Virgin Media Finance PLC, 4.50%, 01/15/25 (Call 01/15/20)(c)	EUR		100		117,686
Virgin Media Receivables Financing Notes I DAC, 5.50%, 09/15/24 (Call 09/15/19)(c)	GBP		100		129,747
Virgin Media Secured Finance PLC 4.88%, 01/15/27 (Call 01/15/21)(c)	GBP		100		126,216
5.00%, 04/15/27 (Call 04/15/22)(c)	GBP		100		127,296
5.25%, 01/15/26 (Call 01/15/20)(a)	USD		200		197,375
5.50%, 08/15/26 (Call 08/15/21)(a)	USD		200		198,667
6.00%, 01/15/25 (Call 01/15/21)(c)(g)	GBP		100		147,127
Worldpay Finance PLC, 3.75%, 11/15/22 (Call 08/15/22)(c)	EUR		100		122,860
					5,099,103
United States — 65.4%
Acadia Healthcare Co. Inc., 5.63%, 02/15/23 (Call 03/04/19)(b)	USD		100		98,354
Acrisure LLC/Acrisure Finance Inc. 7.00%, 11/15/25 (Call 11/15/20)(a)	USD		100		87,250
8.13%, 02/15/24 (Call 02/15/21)(a)	USD		90		91,575
Adient Global Holdings Ltd., 3.50%, 08/15/24 (Call 05/15/24)(c)	EUR		100		86,632
ADT Security Corp. (The) 3.50%, 07/15/22	USD		125		120,072
4.13%, 06/15/23	USD		100		96,182
6.25%, 10/15/21	USD		125		131,543
AECOM 5.13%, 03/15/27 (Call 12/15/26)	USD		125		118,438
5.88%, 10/15/24 (Call 07/15/24)	USD		100		104,025
AES Corp./VA 4.00%, 03/15/21	USD		50		49,875
4.50%, 03/15/23 (Call 03/15/20)	USD		50		50,250
4.88%, 05/15/23 (Call 03/04/19)(b)	USD		100		101,000
5.13%, 09/01/27 (Call 09/01/22)(b)	USD		70		71,977

27

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
5.50%, 04/15/25 (Call 04/15/20)(b)	USD		75	$	78,304
6.00%, 05/15/26 (Call 05/15/21)(b)	USD		75		79,484
AK Steel Corp. 7.00%, 03/15/27 (Call 03/15/22)	USD		50		40,479
7.63%, 10/01/21 (Call 03/04/19)	USD		50		48,615
Albertsons Companies LLC/Safeway Inc./New Albertson’s LP/Albertson’s LLC 5.75%, 03/15/25 (Call 09/15/19)	USD		150		140,437
6.63%, 06/15/24 (Call 06/15/19)	USD		150		147,844
7.50%, 03/15/26 (Call 03/15/22)(a)	USD		5		5,013
Alcoa Nederland Holding BV, 7.00%, 09/30/26 (Call 09/30/21)(a)(b)	USD		200		210,796
Allegheny Technologies Inc. 5.95%, 01/15/21 (Call 10/15/20)	USD		50		50,676
7.88%, 08/15/23 (Call 05/15/23)(b)	USD		75		79,969
Allison Transmission Inc. 4.75%, 10/01/27 (Call 10/01/22)(a)	USD		50		46,736
5.00%, 10/01/24 (Call 10/01/19)(a)(b)	USD		125		122,684
Ally Financial Inc. 4.13%, 02/13/22	USD		75		75,422
4.25%, 04/15/21	USD		75		75,537
4.63%, 05/19/22	USD		50		50,975
4.63%, 03/30/25	USD		50		50,732
5.13%, 09/30/24	USD		100		103,896
5.75%, 11/20/25 (Call 10/21/25)(b)	USD		150		157,351
7.50%, 09/15/20(b)	USD		25		26,411
AMC Entertainment Holdings Inc. 5.75%, 06/15/25 (Call 06/15/20)(b)	USD		75		69,180
5.88%, 11/15/26 (Call 11/15/21)(b)	USD		75		67,500
6.13%, 05/15/27 (Call 05/15/22)	USD		50		44,500
6.38%, 11/15/24 (Call 11/15/19)	GBP		100		124,228
AMC Networks Inc. 4.75%, 12/15/22 (Call 03/04/19)	USD		75		75,301
4.75%, 08/01/25 (Call 08/01/21)(b)	USD		100		96,625
5.00%, 04/01/24 (Call 04/01/20)	USD		125		124,115
American Airlines Group Inc., 4.63%, 03/01/20(a)(b)	USD		75		75,141
American Axle & Manufacturing Inc. 6.25%, 04/01/25 (Call 04/01/20)	USD		60		58,227
6.25%, 03/15/26 (Call 03/15/21)(b)	USD		70		67,200
6.50%, 04/01/27 (Call 04/01/22)	USD		75		72,356
6.63%, 10/15/22 (Call 03/04/19)(b)	USD		50		50,824
AmeriGas Partners LP/AmeriGas Finance Corp. 5.50%, 05/20/25 (Call 02/20/25)	USD		100		98,155
5.63%, 05/20/24 (Call 03/20/24)	USD		100		99,000
5.75%, 05/20/27 (Call 02/20/27)	USD		50		47,958
5.88%, 08/20/26 (Call 05/20/26)	USD		75		74,085
Anixter Inc., 5.13%, 10/01/21	USD		50		50,776
Antero Resources Corp. 5.00%, 03/01/25 (Call 03/01/20)(b)	USD		75		72,375
5.13%, 12/01/22 (Call 03/04/19)(b)	USD		150		150,271
5.38%, 11/01/21 (Call 03/04/19)	USD		125		125,656
5.63%, 06/01/23 (Call 03/04/19)(b)	USD		100		100,713
APX Group Inc. 7.63%, 09/01/23 (Call 09/01/19)(b)	USD		50		41,792
7.88%, 12/01/22 (Call 03/04/19)	USD		100		96,917
8.75%, 12/01/20 (Call 03/04/19)	USD		100		97,514
Aramark International Finance Sarl, 3.13%, 04/01/25 (Call 04/01/20)(c)	EUR		100		117,612

Security		Par (000)		Value
United States (continued)
Aramark Services Inc. 4.75%, 06/01/26 (Call 06/01/21)	USD		50	$	49,152
5.00%, 04/01/25 (Call 04/01/20)(a)	USD		75		75,547
5.00%, 02/01/28 (Call 02/01/23)(a)(b)	USD		150		146,437
5.13%, 01/15/24 (Call 03/04/19)	USD		125		126,476
Arconic Inc. 5.13%, 10/01/24 (Call 07/01/24)	USD		150		151,125
5.40%, 04/15/21 (Call 01/15/21)	USD		175		178,062
5.87%, 02/23/22	USD		100		103,688
6.15%, 08/15/20	USD		100		103,000
Ascent Resources Utica Holdings LLC/ARU Finance Corp. 7.00%, 11/01/26 (Call 11/01/21)(a)	USD		75		72,364
10.00%, 04/01/22 (Call 04/01/20)(a)	USD		125		133,594
Ashland LLC, 4.75%, 08/15/22 (Call 05/15/22)	USD		125		125,921
Avantor Inc. 4.75%, 10/01/24 (Call 10/01/20)(c)	EUR		100		118,170
6.00%, 10/01/24 (Call 10/01/20)(a)	USD		200		204,206
9.00%, 10/01/25 (Call 10/01/20)(a)	USD		250		257,500
Avis Budget Car Rental LLC/Avis Budget Finance Inc., 5.50%, 04/01/23 (Call 03/04/19)(b)	USD		100		99,813
Avis Budget Finance PLC, 4.75%, 01/30/26 (Call 09/30/21)(c)	EUR		100		109,535
Avon International Operations Inc., 7.88%, 08/15/22 (Call 08/15/19)(a)	USD		75		76,781
Avon Products Inc. 6.60%, 03/15/20	USD		50		50,516
7.00%, 03/15/23	USD		50		45,578
Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25 (Call 01/15/20)(c)	EUR		125		143,210
B&G Foods Inc. 4.63%, 06/01/21 (Call 03/04/19)	USD		75		75,201
5.25%, 04/01/25 (Call 04/01/20)	USD		125		122,563
Ball Corp. 3.50%, 12/15/20	EUR		100		120,535
4.00%, 11/15/23	USD		125		125,026
4.38%, 12/15/20	USD		125		126,719
4.38%, 12/15/23	EUR		100		129,545
4.88%, 03/15/26 (Call 12/15/25)	USD		100		101,663
5.00%, 03/15/22	USD		100		103,346
5.25%, 07/01/25(b)	USD		125		131,027
Banff Merger Sub Inc., 9.75%, 09/01/26 (Call 09/01/21)(a)	USD		175		166,687
Bausch Health Companies Inc. 4.50%, 05/15/23 (Call 03/01/19)(c)	EUR		225		255,173
5.50%, 03/01/23 (Call 03/04/19)(a)	USD		125		121,406
5.50%, 11/01/25 (Call 11/01/20)(a)(b)	USD		225		224,226
5.88%, 05/15/23 (Call 03/04/19)(a)	USD		400		391,500
6.13%, 04/15/25 (Call 04/15/20)(a)	USD		400		378,000
6.50%, 03/15/22 (Call 03/15/19)(a)	USD		150		155,062
7.00%, 03/15/24 (Call 03/15/20)(a)	USD		250		262,575
9.00%, 12/15/25 (Call 12/15/21)(a)	USD		200		212,964
Beacon Roofing Supply Inc., 4.88%, 11/01/25 (Call 11/01/20)(a)	USD		175		163,781
Beazer Homes USA Inc. 5.88%, 10/15/27 (Call 10/15/22)(b)	USD		50		42,827
8.75%, 03/15/22 (Call 03/15/19)	USD		35		36,343
Belden Inc., 3.88%, 03/15/28 (Call 03/15/23)(c)	EUR		150		164,777

28

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
Berry Global Inc.
4.50%, 02/15/26 (Call 02/15/21)(a)(b)	USD		65	$	61,217
5.13%, 07/15/23 (Call 03/04/19)	USD		100		100,283
5.50%, 05/15/22 (Call 03/04/19)	USD		50		50,327
6.00%, 10/15/22 (Call 03/04/19)	USD		65		66,381
Blue Cube Spinco LLC
9.75%, 10/15/23 (Call 10/15/20)(b)	USD		100		111,525
10.00%, 10/15/25 (Call 10/15/20)(b)	USD		50		57,313
Blue Racer Midstream LLC/Blue Racer Finance Corp., 6.13%, 11/15/22 (Call 03/04/19)(a)(b)	USD		125		126,406
Boyd Gaming Corp. 6.00%, 08/15/26 (Call 08/15/21)(b)	USD		100		100,422
6.38%, 04/01/26 (Call 04/01/21)	USD		100		102,229
6.88%, 05/15/23 (Call 02/15/19)(b)	USD		100		103,594
Brand Industrial Services Inc., 8.50%, 07/15/25 (Call 07/15/20)(a)(b)	USD		125		112,031
Buckeye Partners LP, 6.38%, 01/22/78 (Call 01/22/23)(b)(d)(e)	USD		50		43,125
BWAY Holding Co. 4.75%, 04/15/24 (Call 04/15/20)(c)	EUR		100		114,031
5.50%, 04/15/24 (Call 04/15/20)(a)(b)	USD		200		195,125
7.25%, 04/15/25 (Call 04/15/20)(a)(b)	USD		175		161,703
Cablevision Systems Corp. 5.88%, 09/15/22	USD		100		100,828
8.00%, 04/15/20	USD		75		78,154
Caesars Resort Collection LLC/CRC Finco Inc., 5.25%, 10/15/25 (Call 10/15/20)(a)(b)	USD		225		210,469
California Resources Corp., 8.00%, 12/15/22 (Call 03/04/19)(a)(b)	USD		275		222,475
Callon Petroleum Co. 6.13%, 10/01/24 (Call 10/01/19)(b)	USD		75		75,338
6.38%, 07/01/26 (Call 07/01/21)	USD		50		50,000
Calpine Corp. 5.25%, 06/01/26 (Call 06/01/21)(a)	USD		150		142,856
5.38%, 01/15/23 (Call 03/04/19)(b)	USD		150		146,089
5.50%, 02/01/24 (Call 03/04/19)(b)	USD		75		71,156
5.75%, 01/15/25 (Call 10/15/19)(b)	USD		200		189,000
5.88%, 01/15/24 (Call 03/04/19)(a)	USD		75		75,055
6.00%, 01/15/22 (Call 03/04/19)(a)	USD		100		100,944
Calumet Specialty Products Partners LP/Calumet Finance Corp., 6.50%, 04/15/21 (Call 03/04/19)(b)	USD		125		117,344
Catalent Pharma Solutions Inc., 4.75%, 12/15/24 (Call 12/15/19)(c)	EUR		100		119,151
CBL & Associates LP 5.25%, 12/01/23 (Call 09/01/23)(b)	USD		50		41,896
5.95%, 12/15/26 (Call 09/15/26)(b)	USD		75		60,542
CCO Holdings LLC/CCO Holdings Capital Corp. 5.00%, 02/01/28 (Call 08/01/22)(a)	USD		325		308,818
5.13%, 02/15/23 (Call 03/04/19)	USD		100		101,000
5.13%, 05/01/23 (Call 03/04/19)(a)	USD		150		151,912
5.13%, 05/01/27 (Call 05/01/22)(a)	USD		425		410,112
5.25%, 03/15/21 (Call 03/04/19)	USD		50		50,125
5.25%, 09/30/22 (Call 03/04/19)(b)	USD		150		151,545
5.38%, 05/01/25 (Call 05/01/20)(a)	USD		100		100,531
5.50%, 05/01/26 (Call 05/01/21)(a)	USD		200		199,277
5.75%, 09/01/23 (Call 03/04/19)	USD		75		76,434
5.75%, 01/15/24 (Call 03/04/19)	USD		125		127,906
5.75%, 02/15/26 (Call 02/15/21)(a)	USD		325		330,281
5.88%, 04/01/24 (Call 04/01/19)(a)	USD		225		230,116
5.88%, 05/01/27 (Call 05/01/21)(a)(b)	USD		100		100,125

Security		Par (000)		Value
United States (continued)
CDK Global Inc. 4.88%, 06/01/27 (Call 06/01/22)	USD		75	$	72,516
5.00%, 10/15/24 (Call 07/15/24)(b)	USD		75		75,021
5.88%, 06/15/26 (Call 06/15/21)	USD		50		50,917
CDW LLC/CDW Finance Corp. 5.00%, 09/01/23 (Call 03/04/19)(b)	USD		75		75,321
5.00%, 09/01/25 (Call 03/01/20)	USD		75		74,663
5.50%, 12/01/24 (Call 06/01/24)	USD		75		77,869
Centene Corp. 4.75%, 05/15/22 (Call 05/15/19)	USD		125		126,987
4.75%, 01/15/25 (Call 01/15/20)	USD		150		152,032
5.38%, 06/01/26 (Call 06/01/21)(a)(b)	USD		225		233,196
6.13%, 02/15/24 (Call 03/04/19)	USD		125		131,008
CenturyLink Inc. 5.63%, 04/01/25 (Call 01/01/25)(b)	USD		75		68,375
Series S, 6.45%, 06/15/21	USD		200		203,560
Series T, 5.80%, 03/15/22	USD		175		175,591
Series V, 5.63%, 04/01/20	USD		150		151,732
Series W, 6.75%, 12/01/23(b)	USD		100		100,625
Series Y, 7.50%, 04/01/24 (Call 01/01/24)(b)	USD		125		126,875
CF Industries Inc. 3.45%, 06/01/23	USD		100		96,500
7.13%, 05/01/20	USD		74		76,856
CFX Escrow Corp. 6.00%, 02/15/24(a)	USD		30		30,000
6.38%, 02/15/26(a)	USD		15		15,000
Change Healthcare Holdings LLC/Change Healthcare Finance Inc., 5.75%, 03/01/25 (Call 03/01/20)(a)	USD		140		133,947
Chemours Co. (The) 5.38%, 05/15/27 (Call 02/15/27)	USD		75		72,258
6.63%, 05/15/23 (Call 03/04/19)	USD		100		103,375
7.00%, 05/15/25 (Call 05/15/20)	USD		100		104,375
Cheniere Corpus Christi Holdings LLC 5.13%, 06/30/27 (Call 01/01/27)	USD		200		202,214
5.88%, 03/31/25 (Call 10/02/24)(b)	USD		200		210,692
7.00%, 06/30/24 (Call 01/01/24)	USD		100		110,125
Cheniere Energy Partners LP 5.25%, 10/01/25 (Call 10/01/20)	USD		200		201,248
5.63%, 10/01/26 (Call 10/01/21)(a)	USD		155		154,871
Chesapeake Energy Corp. 4.88%, 04/15/22 (Call 03/04/19)	USD		50		47,625
6.13%, 02/15/21	USD		75		74,734
6.63%, 08/15/20	USD		75		75,711
7.00%, 10/01/24 (Call 04/01/21)(b)	USD		85		82,981
7.50%, 10/01/26 (Call 10/01/21)	USD		50		48,184
8.00%, 01/15/25 (Call 01/15/20)(b)	USD		175		176,311
8.00%, 06/15/27 (Call 06/15/22)(b)	USD		175		167,945
CHS/Community Health Systems Inc. 5.13%, 08/01/21 (Call 03/04/19)(b)	USD		125		120,350
6.25%, 03/31/23 (Call 03/31/20)	USD		400		382,417
6.88%, 02/01/22 (Call 03/04/19)	USD		325		184,746
8.13%, 06/30/24 (Call 06/30/21)(a)	USD		175		138,771
8.63%, 01/15/24 (Call 01/15/21)(a)(b)	USD		125		128,594
11.00%, 06/30/23 (Call 06/30/20)(a)(b)(g)	USD		225		194,641
Cincinnati Bell Inc., 7.00%, 07/15/24 (Call 09/15/19)(a)(b)	USD		75		64,634
Cinemark USA Inc. 4.88%, 06/01/23 (Call 03/04/19)	USD		100		99,000
5.13%, 12/15/22 (Call 03/04/19)	USD		50		50,086

29

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
CIT Group Inc. 4.13%, 03/09/21 (Call 02/09/21)	USD		75	$	75,187
4.75%, 02/16/24 (Call 11/16/23)	USD		75		75,753
5.00%, 08/15/22	USD		150		153,937
5.00%, 08/01/23	USD		75		76,594
5.25%, 03/07/25 (Call 12/07/24)	USD		75		77,495
6.13%, 03/09/28(b)	USD		50		53,057
Clear Channel Worldwide Holdings Inc. Series A, 6.50%, 11/15/22 (Call 03/04/19)	USD		100		101,500
Series B, 6.50%, 11/15/22 (Call 03/04/19)	USD		250		255,625
Series B, 7.63%, 03/15/20 (Call 03/04/19)	USD		250		250,000
Clearway Energy Operating LLC 5.38%, 08/15/24 (Call 08/15/19)	USD		75		70,387
5.75%, 10/15/25 (Call 10/15/21)(a)	USD		60		55,500
Cleveland-Cliffs Inc. 4.88%, 01/15/24 (Call 01/15/21)(a)	USD		50		48,469
5.75%, 03/01/25 (Call 03/01/20)	USD		125		121,094
CNX Resources Corp., 5.88%, 04/15/22 (Call 03/04/19)	USD		175		174,152
CommScope Inc. 5.00%, 06/15/21 (Call 02/11/19)(a)	USD		100		99,676
5.50%, 06/15/24 (Call 06/15/19)(a)	USD		60		56,139
CommScope Technologies LLC 5.00%, 03/15/27 (Call 03/15/22)(a)	USD		100		84,737
6.00%, 06/15/25 (Call 06/15/20)(a)	USD		200		188,500
Continental Resources Inc./OK 3.80%, 06/01/24 (Call 03/01/24)	USD		125		123,543
4.38%, 01/15/28 (Call 10/15/27)(b)	USD		135		134,335
4.50%, 04/15/23 (Call 01/15/23)	USD		200		203,772
5.00%, 09/15/22 (Call 03/04/19)	USD		200		201,000
Coty Inc., 4.75%, 04/15/26 (Call 04/15/21)(c)	EUR		100		101,618
Covanta Holding Corp. 5.88%, 03/01/24 (Call 03/04/19)	USD		50		49,875
5.88%, 07/01/25 (Call 07/01/20)	USD		50		48,969
6.00%, 01/01/27 (Call 01/01/22)	USD		50		48,063
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp. 5.75%, 04/01/25 (Call 04/01/20)	USD		75		73,335
6.25%, 04/01/23 (Call 02/15/19)	USD		75		75,656
Crown Americas LLC/Crown Americas Capital Corp. IV, 4.50%, 01/15/23	USD		125		125,469
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26 (Call 03/31/26)	USD		50		47,638
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26 (Call 02/01/21)	USD		100		97,338
Crown European Holdings SA 2.25%, 02/01/23 (Call 11/01/22)(c)	EUR		100		117,231
2.88%, 02/01/26 (Call 08/01/25)(c)	EUR		100		114,588
3.38%, 05/15/25 (Call 11/15/24)(c)	EUR		100		119,205
CrownRock LP/CrownRock Finance Inc., 5.63%, 10/15/25 (Call 10/15/20)(a)	USD		150		143,909
CSC Holdings LLC 5.13%, 12/15/21 (Call 02/11/19)(a)	USD		200		199,499
5.25%, 06/01/24	USD		125		119,844
5.38%, 07/15/23 (Call 02/11/19)(a)	USD		200		201,940
5.50%, 05/15/26 (Call 05/15/21)(a)	USD		200		197,719
5.50%, 04/15/27 (Call 04/15/22)(a)	USD		200		195,550
6.50%, 02/01/29 (Call 02/01/24)(a)	USD		200		202,750
6.75%, 11/15/21	USD		150		157,453
7.50%, 04/01/28 (Call 04/01/23)(a)	USD		200		205,589

Security		Par (000)		Value
United States (continued)
10.13%, 01/15/23 (Call 02/11/19)(a)	USD		200	$	216,210
10.88%, 10/15/25 (Call 10/15/20)(a)	USD		225		259,380
CyrusOne LP/CyrusOne Finance Corp. 5.00%, 03/15/24 (Call 03/15/20)	USD		75		75,563
5.38%, 03/15/27 (Call 03/15/22)	USD		75		75,188
Dana Financing Luxembourg Sarl, 5.75%, 04/15/25 (Call 04/15/20)(a)	USD		50		48,732
Dana Inc., 5.50%, 12/15/24 (Call 12/15/19)	USD		75		73,031
Darling Global Finance BV, 3.63%, 05/15/26 (Call 05/15/21)(c)	EUR		100		117,762
DaVita Inc. 5.00%, 05/01/25 (Call 05/01/20)(b)	USD		200		192,500
5.13%, 07/15/24 (Call 07/15/19)	USD		225		222,536
5.75%, 08/15/22 (Call 03/04/19)	USD		150		152,466
DCP Midstream Operating LP 3.88%, 03/15/23 (Call 12/15/22)	USD		75		73,145
4.75%, 09/30/21 (Call 06/30/21)(a)	USD		75		75,922
5.35%, 03/15/20(a)	USD		75		76,230
5.38%, 07/15/25 (Call 04/15/25)	USD		50		51,011
5.85%, 05/21/43 (Call 05/21/23)(a)(d)(e)	USD		75		63,688
Dell Inc., 4.63%, 04/01/21(b)	USD		50		50,569
Dell International LLC/EMC Corp. 5.88%, 06/15/21 (Call 02/15/19)(a)	USD		200		203,740
7.13%, 06/15/24 (Call 06/15/19)(a)	USD		225		237,339
Denbury Resources Inc. 7.50%, 02/15/24 (Call 08/15/20)(a)	USD		50		43,852
9.00%, 05/15/21 (Call 03/04/19)(a)	USD		75		74,250
9.25%, 03/31/22 (Call 03/31/19)(a)(b)	USD		75		74,081
Diamond Offshore Drilling Inc., 7.88%, 08/15/25 (Call 05/15/25)	USD		50		47,250
Diamond Resorts International Inc. 7.75%, 09/01/23 (Call 09/01/19)(a)(b)	USD		75		74,083
10.75%, 09/01/24 (Call 09/01/19)(a)	USD		75		68,286
Diamondback Energy Inc. 4.75%, 11/01/24 (Call 11/01/19)	USD		100		100,231
5.38%, 05/31/25 (Call 05/31/20)	USD		110		112,750
DISH DBS Corp. 5.00%, 03/15/23(b)	USD		200		173,375
5.13%, 05/01/20	USD		150		150,562
5.88%, 07/15/22	USD		250		237,446
5.88%, 11/15/24	USD		250		206,717
6.75%, 06/01/21	USD		250		254,627
7.75%, 07/01/26(b)	USD		250		215,000
DJO Finance LLC/DJO Finance Corp., 8.13%, 06/15/21 (Call 03/04/19)(a)	USD		125		129,806
Edgewell Personal Care Co. 4.70%, 05/19/21	USD		75		75,704
4.70%, 05/24/22(b)	USD		50		50,167
Elanco Animal Health Inc. 3.91%, 08/27/21(a)	USD		50		50,213
4.27%, 08/28/23 (Call 07/28/23)(a)	USD		100		100,890
4.90%, 08/28/28 (Call 05/28/28)(a)	USD		100		103,807
Eldorado Resorts Inc. 6.00%, 04/01/25 (Call 04/01/20)(b)	USD		100		100,575
6.00%, 09/15/26 (Call 09/15/21)(a)	USD		90		89,892
EMC Corp. 2.65%, 06/01/20	USD		250		246,225
3.38%, 06/01/23 (Call 03/01/23)	USD		125		118,375
Encompass Health Corp., 5.75%, 11/01/24 (Call 03/04/19)	USD		150		152,362

30

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
Endeavor Energy Resources LP/EER Finance Inc. 5.50%, 01/30/26 (Call 01/30/21)(a)	USD		50	$	52,156
5.75%, 01/30/28 (Call 01/30/23)(a)	USD		75		80,156
Endo Dac/Endo Finance LLC/Endo Finco Inc. 6.00%, 07/15/23 (Call 03/04/19)(a)	USD		200		163,328
6.00%, 02/01/25 (Call 02/01/20)(a)(b)	USD		200		154,625
Endo Finance LLC, 5.75%, 01/15/22 (Call 03/04/19)(a)	USD		75		68,503
Endo Finance LLC/Endo Finco Inc., 5.38%, 01/15/23 (Call 03/04/19)(a)	USD		50		40,813
Energizer Holdings Inc. 6.38%, 07/15/26 (Call 07/15/21)(a)	USD		115		111,838
7.75%, 01/15/27 (Call 01/15/22)(a)	USD		30		30,713
Energy Transfer LP 4.25%, 03/15/23 (Call 12/15/22)(b)	USD		125		126,094
5.50%, 06/01/27 (Call 03/01/27)	USD		125		129,609
5.88%, 01/15/24 (Call 10/15/23)	USD		150		159,562
7.50%, 10/15/20	USD		150		159,187
EnLink Midstream Partners LP 4.15%, 06/01/25 (Call 03/01/25)	USD		100		93,469
4.40%, 04/01/24 (Call 01/01/24)	USD		75		72,141
Ensco PLC 4.50%, 10/01/24 (Call 07/01/24)	USD		75		55,688
5.20%, 03/15/25 (Call 12/15/24)(b)	USD		100		74,500
7.75%, 02/01/26 (Call 11/01/25)	USD		125		100,547
Envision Healthcare Corp., 8.75%, 10/15/26 (Call 10/15/21)(a)	USD		150		136,781
EP Energy LLC/Everest Acquisition Finance Inc. 7.75%, 05/15/26 (Call 05/15/21)(a)	USD		125		115,204
8.00%, 11/29/24 (Call 11/30/19)(a)(b)	USD		75		60,141
8.00%, 02/15/25 (Call 02/15/20)(a)(b)	USD		125		62,375
9.38%, 05/01/24 (Call 05/01/20)(a)	USD		125		66,875
Equinix Inc. 2.88%, 03/15/24 (Call 09/15/20)	EUR		100		116,003
2.88%, 10/01/25 (Call 10/01/20)	EUR		150		170,861
2.88%, 02/01/26 (Call 02/01/21)	EUR		100		112,814
5.38%, 01/01/22 (Call 03/04/19)	USD		100		101,667
5.38%, 04/01/23 (Call 03/04/19)	USD		125		126,970
5.38%, 05/15/27 (Call 05/15/22)	USD		150		150,375
5.75%, 01/01/25 (Call 01/01/20)	USD		75		77,382
5.88%, 01/15/26 (Call 01/15/21)	USD		150		154,969
ESH Hospitality Inc., 5.25%, 05/01/25 (Call 05/01/20)(a)	USD		175		172,567
Exela Intermediate LLC/Exela Finance Inc., 10.00%, 07/15/23 (Call 07/15/20)(a)	USD		125		125,385
Extraction Oil & Gas Inc. 5.63%, 02/01/26 (Call 02/01/21)(a)	USD		100		83,575
7.38%, 05/15/24 (Call 05/15/20)(a)(b)	USD		50		46,375
Ferrellgas LP/Ferrellgas Finance Corp. 6.50%, 05/01/21 (Call 03/04/19)(b)	USD		75		65,813
6.75%, 01/15/22 (Call 03/04/19)(b)	USD		50		43,781
6.75%, 06/15/23 (Call 06/15/19)(b)	USD		75		65,531
Fifth Third Bancorp., 5.10%, (Call 06/30/23)(b)(d)(e)(h)	USD		75		70,500
First Data Corp. 5.00%, 01/15/24 (Call 02/11/19)(a)	USD		250		255,937
5.38%, 08/15/23 (Call 02/11/19)(a)	USD		150		152,906
First Quality Finance Co. Inc. 4.63%, 05/15/21 (Call 03/04/19)(a)	USD		75		74,891
5.00%, 07/01/25 (Call 07/01/20)(a)	USD		45		43,425
Flex Acquisition Co. Inc. 6.88%, 01/15/25 (Call 01/15/20)(a)	USD		75		70,172
7.88%, 07/15/26 (Call 07/15/21)(a)	USD		75		71,086

Security		Par (000)		Value
United States (continued)
Freedom Mortgage Corp. 8.13%, 11/15/24 (Call 11/15/20)(a)	USD		50	$	46,000
8.25%, 04/15/25 (Call 04/15/21)(a)	USD		100		92,000
Freeport-McMoRan Inc. 3.10%, 03/15/20	USD		106		105,004
3.55%, 03/01/22 (Call 12/01/21)(b)	USD		250		242,175
3.88%, 03/15/23 (Call 12/15/22)	USD		250		239,402
4.00%, 11/14/21	USD		75		74,301
4.55%, 11/14/24 (Call 08/14/24)	USD		100		95,750
6.88%, 02/15/23 (Call 02/15/20)	USD		100		104,953
Frontier Communications Corp. 6.88%, 01/15/25 (Call 10/15/24)(b)	USD		100		52,688
7.13%, 01/15/23	USD		125		74,063
7.63%, 04/15/24(b)	USD		100		54,550
8.50%, 04/01/26 (Call 04/01/21)(a)	USD		200		181,102
8.75%, 04/15/22	USD		75		50,250
10.50%, 09/15/22 (Call 06/15/22)	USD		250		178,594
11.00%, 09/15/25 (Call 06/15/25)	USD		450		289,969
Genesis Energy LP/Genesis Energy Finance Corp. 6.00%, 05/15/23 (Call 03/04/19)	USD		50		48,052
6.25%, 05/15/26 (Call 02/15/21)	USD		50		45,820
6.50%, 10/01/25 (Call 10/01/20)	USD		75		71,063
6.75%, 08/01/22 (Call 03/04/19)	USD		100		99,920
Genworth Holdings Inc., 7.63%, 09/24/21	USD		100		100,500
Golden Nugget Inc. 6.75%, 10/15/24 (Call 10/15/19)(a)	USD		175		175,781
8.75%, 10/01/25 (Call 10/01/20)(a)	USD		75		76,910
Goodyear Tire & Rubber Co. (The) 4.88%, 03/15/27 (Call 12/15/26)(b)	USD		75		67,239
5.00%, 05/31/26 (Call 05/31/21)(b)	USD		125		115,000
5.13%, 11/15/23 (Call 03/04/19)(b)	USD		125		125,000
Gray Television Inc. 5.13%, 10/15/24 (Call 10/15/19)(a)(b)	USD		75		72,891
5.88%, 07/15/26 (Call 07/15/21)(a)(b)	USD		75		73,600
7.00%, 05/15/27 (Call 05/15/22)(a)	USD		100		103,467
Griffon Corp., 5.25%, 03/01/22 (Call 03/04/19)(b)	USD		125		122,500
Gulfport Energy Corp. 6.00%, 10/15/24 (Call 10/15/19)	USD		75		70,500
6.38%, 05/15/25 (Call 05/15/20)	USD		50		47,375
6.38%, 01/15/26 (Call 01/15/21)	USD		75		69,750
Hanesbrands Finance Luxembourg SCA, 3.50%, 06/15/24 (Call 03/15/24)(c)	EUR		100		118,403
Hanesbrands Inc. 4.63%, 05/15/24 (Call 02/15/24)(a)(b)	USD		125		122,949
4.88%, 05/15/26 (Call 02/15/26)(a)	USD		125		120,035
Harland Clarke Holdings Corp. 8.38%, 08/15/22 (Call 03/04/19)(a)(b)	USD		100		93,750
9.25%, 03/01/21 (Call 03/04/19)(a)(b)	USD		100		96,750
HCA Healthcare Inc., 6.25%, 02/15/21	USD		125		130,358
HCA Inc. 4.50%, 02/15/27 (Call 08/15/26)	USD		100		100,875
5.00%, 03/15/24	USD		250		260,320
5.25%, 06/15/26 (Call 12/15/25)	USD		200		210,543
5.38%, 02/01/25	USD		325		335,698
5.38%, 09/01/26 (Call 03/01/26)	USD		120		123,061
5.63%, 09/01/28 (Call 03/01/28)	USD		125		129,375
5.88%, 03/15/22	USD		33		34,980
5.88%, 05/01/23	USD		150		158,625
5.88%, 02/15/26 (Call 08/15/25)	USD		200		211,000

31

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
5.88%, 02/01/29 (Call 08/01/28)	USD		120	$	125,835
7.50%, 02/15/22	USD		250		273,750
Hertz Corp. (The) 5.50%, 10/15/24 (Call 10/15/19)(a)	USD		100		82,000
5.88%, 10/15/20 (Call 03/04/19)	USD		100		99,313
6.25%, 10/15/22 (Call 03/04/19)(b)	USD		75		68,063
7.38%, 01/15/21 (Call 03/04/19)	USD		50		49,762
7.63%, 06/01/22 (Call 06/01/19)(a)	USD		150		149,297
Hertz Holdings Netherlands BV, 5.50%, 03/30/23 (Call 03/30/20)(c)	EUR		100		112,874
Hexion Inc. 6.63%, 04/15/20 (Call 03/04/19)	USD		200		159,187
10.38%, 02/01/22 (Call 03/04/19)(a)	USD		75		59,973
Hexion Inc./Hexion Nova Scotia Finance ULC, 9.00%, 11/15/20 (Call 03/04/19)(b)	USD		75		33,643
Hilcorp Energy I LP/Hilcorp Finance Co. 5.00%, 12/01/24 (Call 06/01/19)(a)(b)	USD		75		71,266
5.75%, 10/01/25 (Call 04/01/20)(a)	USD		50		48,696
6.25%, 11/01/28 (Call 11/01/23)(a)	USD		75		73,500
Hilton Domestic Operating Co. Inc. 4.25%, 09/01/24 (Call 09/01/19)	USD		125		122,319
5.13%, 05/01/26 (Call 05/01/21)(a)	USD		200		201,250
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp. 4.63%, 04/01/25 (Call 04/01/20)	USD		100		98,615
4.88%, 04/01/27 (Call 04/01/22)	USD		75		73,954
Hologic Inc., 4.63%, 02/01/28 (Call 02/01/23)(a)	USD		125		120,809
Howard Hughes Corp. (The), 5.38%, 03/15/25 (Call 03/15/20)(a)	USD		125		122,926
HUB International Ltd., 7.00%, 05/01/26 (Call 05/01/21)(a)	USD		175		169,750
Hughes Satellite Systems Corp. 5.25%, 08/01/26	USD		100		95,750
6.63%, 08/01/26	USD		100		96,280
7.63%, 06/15/21	USD		100		105,969
Huntsman International LLC 4.88%, 11/15/20 (Call 08/15/20)	USD		100		101,750
5.13%, 04/15/21 (Call 01/15/21)	EUR		100		123,931
5.13%, 11/15/22 (Call 08/15/22)	USD		50		51,750
Icahn Enterprises LP/Icahn Enterprises Finance Corp. 5.88%, 02/01/22 (Call 03/04/19)(b)	USD		175		176,186
6.00%, 08/01/20 (Call 03/04/19)	USD		225		226,687
6.25%, 02/01/22 (Call 03/04/19)	USD		150		154,125
6.38%, 12/15/25 (Call 12/15/20)	USD		100		102,219
6.75%, 02/01/24 (Call 02/01/20)	USD		75		77,229
Infor U.S. Inc. 5.75%, 08/15/20 (Call 02/15/19)(a)	USD		75		76,146
5.75%, 05/15/22 (Call 02/14/19)	EUR		100		117,986
6.50%, 05/15/22 (Call 02/15/19)(b)	USD		225		228,937
International Game Technology PLC 3.50%, 07/15/24 (Call 01/15/24)(c)	EUR		100		113,005
4.75%, 03/05/20(c)	EUR		100		119,616
6.50%, 02/15/25 (Call 08/15/24)(a)	USD		200		208,000
IQVIA Inc. 2.88%, 09/15/25 (Call 09/15/20)(c)	EUR		100		113,599
3.25%, 03/15/25 (Call 03/15/20)(c)	EUR		200		232,359
5.00%, 10/15/26 (Call 10/15/21)(a)	USD		200		201,562
Iron Mountain Inc. 4.88%, 09/15/27 (Call 09/15/22)(a)	USD		125		115,547
5.25%, 03/15/28 (Call 12/27/22)(a)(b)	USD		100		93,000

Security		Par (000)		Value
United States (continued)
5.75%, 08/15/24 (Call 02/11/19)(b)	USD		125	$	124,375
6.00%, 08/15/23 (Call 02/11/19)	USD		75		77,156
Iron Mountain UK PLC, 3.88%, 11/15/25 (Call 11/15/20)(c)	GBP		100		124,753
iStar Inc. 4.63%, 09/15/20 (Call 06/15/20)	USD		50		49,809
5.25%, 09/15/22 (Call 09/15/19)(b)	USD		50		49,028
Jack Ohio Finance LLC/Jack Ohio Finance 1 Corp., 6.75%, 11/15/21 (Call 03/04/19)(a)	USD		100		103,250
Jaguar Holding Co. II/Pharmaceutical Product Development LLC, 6.38%, 08/01/23 (Call 03/04/19)(a)	USD		150		149,850
JC Penney Corp. Inc. 5.88%, 07/01/23 (Call 07/01/19)(a)	USD		75		62,344
8.63%, 03/15/25 (Call 03/15/21)(a)	USD		50		28,000
Jones Energy Holdings LLC/Jones Energy Finance Corp., 9.25%, 03/15/23 (Call 03/15/20)(a)	USD		75		58,875
K Hovnanian Enterprises Inc. 10.00%, 07/15/22 (Call 07/15/19)(a)	USD		50		43,250
10.50%, 07/15/24 (Call 07/15/20)(a)	USD		50		40,750
KB Home, 7.00%, 12/15/21 (Call 09/15/21)(b)	USD		75		79,094
Kennedy-Wilson Inc., 5.88%, 04/01/24 (Call 04/01/19)	USD		150		145,017
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC 4.75%, 06/01/27 (Call 06/01/22)(a)(b)	USD		100		96,875
5.00%, 06/01/24 (Call 06/01/19)(a)	USD		150		150,244
5.25%, 06/01/26 (Call 06/01/21)(a)(b)	USD		125		125,937
Kinetic Concepts Inc./KCI USA Inc. 7.88%, 02/15/21 (Call 02/15/19)(a)	USD		75		76,672
12.50%, 11/01/21 (Call 05/01/19)(a)	USD		75		81,170
Kronos Acquisition Holdings Inc., 9.00%, 08/15/23 (Call 03/04/19)(a)	USD		115		97,463
L Brands Inc. 5.25%, 02/01/28	USD		50		43,992
5.63%, 02/15/22(b)	USD		125		127,218
5.63%, 10/15/23	USD		75		74,491
6.63%, 04/01/21	USD		100		104,750
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp. 5.25%, 03/15/22 (Call 09/15/21)(a)	USD		50		50,300
5.25%, 10/01/25 (Call 10/01/20)(a)	USD		60		55,575
Lamar Media Corp. 5.00%, 05/01/23 (Call 03/04/19)(b)	USD		50		50,418
5.38%, 01/15/24 (Call 03/04/19)(b)	USD		50		51,094
5.75%, 02/01/26 (Call 02/01/21)	USD		50		51,780
5.75%, 02/01/26 (Call 02/01/21)(a)	USD		20		20,712
Lamb Weston Holdings Inc. 4.63%, 11/01/24 (Call 11/01/21)(a)	USD		100		99,550
4.88%, 11/01/26 (Call 11/01/21)(a)(b)	USD		125		124,248
Leidos Holdings Inc., 4.45%, 12/01/20 (Call 09/01/20)	USD		50		50,769
Lennar Corp. 4.13%, 01/15/22 (Call 10/15/21)	USD		75		74,554
4.50%, 04/30/24 (Call 01/31/24)	USD		100		98,333
4.75%, 04/01/21 (Call 02/01/21)	USD		75		76,078
4.75%, 11/15/22 (Call 08/15/22)	USD		75		75,416
4.75%, 05/30/25 (Call 02/28/25)	USD		50		48,943
4.75%, 11/29/27 (Call 05/29/27)	USD		125		118,844
4.88%, 12/15/23 (Call 09/15/23)	USD		55		55,000
5.88%, 11/15/24 (Call 05/15/24)	USD		50		51,323

32

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
Level 3 Financing Inc. 5.13%, 05/01/23 (Call 03/04/19)	USD		75	$	74,423
5.25%, 03/15/26 (Call 03/15/21)	USD		100		96,792
5.38%, 08/15/22 (Call 03/04/19)	USD		125		126,131
5.38%, 01/15/24 (Call 03/04/19)(b)	USD		125		124,687
5.38%, 05/01/25 (Call 05/01/20)	USD		100		98,856
5.63%, 02/01/23 (Call 03/04/19)	USD		75		75,591
6.13%, 01/15/21 (Call 03/04/19)	USD		50		50,147
Levi Strauss & Co., 3.38%, 03/15/27 (Call 03/15/22)	EUR		100		117,717
Lions Gate Capital Holdings LLC, 6.38%, 02/01/24 (Call 02/01/21)(a)	USD		40		40,400
LKQ European Holdings BV, 4.13%, 04/01/28 (Call 04/01/23)(c)	EUR		100		111,473
LKQ Italia Bondco SpA, 3.88%, 04/01/24 (Call 01/01/24)(c)	EUR		100		118,551
Mallinckrodt International Finance SA, 4.75%, 04/15/23(b)	USD		75		57,563
Mallinckrodt International Finance SA/Mallinckrodt CB LLC 4.88%, 04/15/20 (Call 03/04/19)(a)	USD		100		99,201
5.50%, 04/15/25 (Call 04/15/20)(a)(b)	USD		75		58,125
5.63%, 10/15/23 (Call 03/04/19)(a)(b)	USD		100		84,295
5.75%, 08/01/22 (Call 03/04/19)(a)(b)	USD		100		91,028
Matador Resources Co., 5.88%, 09/15/26 (Call 09/15/21)	USD		125		124,531
Mattel Inc., 6.75%, 12/31/25 (Call 12/31/20)(a)	USD		200		188,775
MEDNAX Inc., 6.25%, 01/15/27 (Call 01/15/22)(a)	USD		115		115,479
Meredith Corp., 6.88%, 02/01/26 (Call 02/01/21)(a)(b)	USD		175		180,250
Meritage Homes Corp., 6.00%, 06/01/25 (Call 03/01/25)	USD		50		49,672
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer Inc. 4.50%, 09/01/26 (Call 06/01/26)	USD		50		47,375
5.63%, 05/01/24 (Call 02/01/24)	USD		150		154,125
5.75%, 02/01/27 (Call 11/01/26)(a)	USD		80		80,800
MGM Resorts International 4.63%, 09/01/26 (Call 06/01/26)	USD		50		46,980
5.25%, 03/31/20(b)	USD		75		76,145
5.75%, 06/15/25 (Call 03/15/25)(b)	USD		125		125,879
6.00%, 03/15/23	USD		150		155,625
6.63%, 12/15/21	USD		175		185,103
6.75%, 10/01/20	USD		125		130,514
7.75%, 03/15/22	USD		125		136,004
Molina Healthcare Inc., 5.38%, 11/15/22 (Call 08/15/22)	USD		100		102,000
MPH Acquisition Holdings LLC, 7.13%, 06/01/24 (Call 06/01/19)(a)	USD		200		198,500
MPT Operating Partnership LP/MPT Finance Corp. 4.00%, 08/19/22 (Call 05/19/22)	EUR		100		123,596
5.00%, 10/15/27 (Call 10/15/22)(b)	USD		175		170,362
5.25%, 08/01/26 (Call 08/01/21)	USD		75		75,375
6.38%, 03/01/24 (Call 03/04/19)	USD		75		78,492
MSCI Inc. 4.75%, 08/01/26 (Call 08/01/21)(a)(b)	USD		50		49,875
5.25%, 11/15/24 (Call 11/15/19)(a)	USD		100		101,957
5.38%, 05/15/27 (Call 05/15/22)(a)	USD		75		76,242
5.75%, 08/15/25 (Call 08/15/20)(a)	USD		100		103,813
Murphy Oil Corp. 4.00%, 06/01/22 (Call 03/01/22)	USD		75		73,406
4.45%, 12/01/22 (Call 09/01/22)	USD		75		73,599
5.75%, 08/15/25 (Call 08/15/20)	USD		75		75,234
6.88%, 08/15/24 (Call 08/15/19)	USD		50		52,485

Security		Par (000)		Value
United States (continued)
Nabors Industries Inc. 4.63%, 09/15/21	USD		100	$	95,083
5.00%, 09/15/20(b)	USD		100		99,000
5.50%, 01/15/23 (Call 11/15/22)(b)	USD		75		68,222
5.75%, 02/01/25 (Call 11/01/24)	USD		100		87,086
Nationstar Mortgage Holdings Inc. 8.13%, 07/15/23 (Call 07/15/20)(a)	USD		125		126,406
9.13%, 07/15/26 (Call 07/15/21)(a)	USD		100		101,030
Nationstar Mortgage LLC/Nationstar Capital Corp., 6.50%, 07/01/21 (Call 03/04/19)	USD		75		74,813
Navient Corp. 5.00%, 10/26/20	USD		75		75,625
5.50%, 01/25/23	USD		125		120,625
5.88%, 03/25/21	USD		100		101,589
5.88%, 10/25/24(b)	USD		75		70,463
6.13%, 03/25/24	USD		100		95,688
6.50%, 06/15/22	USD		125		126,987
6.63%, 07/26/21(b)	USD		100		102,750
6.75%, 06/25/25	USD		50		48,241
6.75%, 06/15/26	USD		75		70,547
7.25%, 01/25/22(b)	USD		75		77,879
7.25%, 09/25/23	USD		75		76,341
8.00%, 03/25/20(b)	USD		175		182,219
Navios Maritime Holdings Inc./Navios Maritime Finance II U.S. Inc., 7.38%, 01/15/22 (Call 03/04/19)(a)(b)	USD		75		44,041
Navistar International Corp., 6.63%, 11/01/25 (Call 11/01/20)(a)	USD		150		150,469
NCR Corp. 4.63%, 02/15/21 (Call 03/04/19)	USD		75		74,391
5.00%, 07/15/22 (Call 03/04/19)(b)	USD		75		73,849
5.88%, 12/15/21 (Call 03/04/19)(b)	USD		50		50,326
6.38%, 12/15/23 (Call 03/04/19)(b)	USD		100		100,104
Neiman Marcus Group Ltd. LLC, 8.00%, 10/15/21 (Call 03/04/19)(a)	USD		100		45,250
Netflix Inc. 3.63%, 05/15/27	EUR		100		114,027
4.38%, 11/15/26(b)	USD		125		118,516
4.63%, 05/15/29(c)	EUR		200		230,645
4.88%, 04/15/28	USD		200		190,250
5.38%, 02/01/21	USD		75		76,682
5.50%, 02/15/22	USD		75		77,441
5.75%, 03/01/24(b)	USD		50		51,945
5.88%, 02/15/25(b)	USD		100		103,728
5.88%, 11/15/28(a)	USD		250		252,321
6.38%, 05/15/29(a)	USD		100		102,750
Newfield Exploration Co. 5.38%, 01/01/26 (Call 10/01/25)	USD		100		102,680
5.63%, 07/01/24(b)	USD		125		130,876
5.75%, 01/30/22	USD		100		104,013
Nexstar Broadcasting Inc. 5.63%, 08/01/24 (Call 08/01/19)(a)(b)	USD		125		120,992
5.88%, 11/15/22 (Call 02/11/19)	USD		50		50,625
NextEra Energy Operating Partners LP 4.25%, 09/15/24 (Call 07/15/24)(a)(b)	USD		75		71,460
4.50%, 09/15/27 (Call 06/15/27)(a)	USD		75		68,297
NGL Energy Partners LP/NGL Energy Finance Corp., 7.50%, 11/01/23 (Call 11/01/19)	USD		75		75,960
NGPL PipeCo LLC 4.38%, 08/15/22 (Call 05/15/22)(a)	USD		90		90,751
4.88%, 08/15/27 (Call 02/15/27)(a)	USD		100		99,292

33

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
Nielsen Co Luxembourg Sarl/The, 5.00%, 02/01/25 (Call 02/01/20)(a)(b)	USD		75	$	74,438
Nielsen Finance LLC/Nielsen Finance Co. 4.50%, 10/01/20 (Call 03/04/19)	USD		75		74,888
5.00%, 04/15/22 (Call 03/04/19)(a)	USD		300		297,862
Noble Holding International Ltd. 7.88%, 02/01/26 (Call 02/01/21)(a)	USD		110		101,475
7.95%, 04/01/25 (Call 01/01/25)(b)	USD		50		40,100
Novelis Corp. 5.88%, 09/30/26 (Call 09/30/21)(a)	USD		175		168,875
6.25%, 08/15/24 (Call 08/15/19)(a)	USD		150		150,937
NRG Energy Inc. 5.75%, 01/15/28 (Call 01/15/23)(b)	USD		100		101,300
6.25%, 05/01/24 (Call 05/01/19)	USD		100		103,450
6.63%, 01/15/27 (Call 07/15/21)	USD		150		158,071
7.25%, 05/15/26 (Call 05/15/21)	USD		125		134,687
Nuance Communications Inc., 5.63%, 12/15/26 (Call 12/15/21)	USD		75		73,547
NuStar Logistics LP 4.80%, 09/01/20	USD		50		50,205
5.63%, 04/28/27 (Call 01/28/27)	USD		75		72,938
Oasis Petroleum Inc. 6.25%, 05/01/26 (Call 05/01/21)(a)(b)	USD		50		47,260
6.88%, 03/15/22 (Call 03/04/19)	USD		125		124,687
OI European Group BV 3.13%, 11/15/24 (Call 08/15/24)(c)	EUR		100		117,411
6.75%, 09/15/20(c)	EUR		100		125,045
Olin Corp. 5.00%, 02/01/30 (Call 02/01/24)	USD		75		69,188
5.13%, 09/15/27 (Call 03/15/22)(b)	USD		50		48,985
Ortho-Clinical Diagnostics Inc./Ortho-Clinical Diagnostics SA, 6.63%, 05/15/22 (Call 03/04/19)(a)	USD		150		145,192
Outfront Media Capital LLC/Outfront Media Capital Corp. 5.25%, 02/15/22 (Call 03/04/19)(b)	USD		75		75,750
5.63%, 02/15/24 (Call 03/04/19)	USD		50		50,656
5.88%, 03/15/25 (Call 09/15/19)	USD		75		75,750
Owens-Brockway Glass Container Inc. 5.00%, 01/15/22(a)	USD		50		50,688
5.88%, 08/15/23(a)	USD		100		104,111
Pacific Drilling SA, 8.38%, 10/01/23(a)	USD		100		99,000
Parsley Energy LLC/Parsley Finance Corp. 5.25%, 08/15/25 (Call 08/15/20)(a)	USD		50		49,292
5.38%, 01/15/25 (Call 01/15/20)(a)	USD		85		84,363
5.63%, 10/15/27 (Call 10/15/22)(a)	USD		100		99,097
6.25%, 06/01/24 (Call 06/01/19)(a)	USD		50		51,243
PBF Holding Co. LLC/PBF Finance Corp. 7.00%, 11/15/23 (Call 03/04/19)	USD		75		75,259
7.25%, 06/15/25 (Call 06/15/20)	USD		100		99,875
PDC Energy Inc. 5.75%, 05/15/26 (Call 05/15/21)	USD		75		70,650
6.13%, 09/15/24 (Call 09/15/19)	USD		50		48,958
Peabody Energy Corp. 6.00%, 03/31/22 (Call 03/31/19)(a)	USD		50		49,985
6.38%, 03/31/25 (Call 03/31/20)(a)	USD		75		72,609
Penske Automotive Group Inc. 5.50%, 05/15/26 (Call 05/15/21)	USD		60		58,650
5.75%, 10/01/22 (Call 03/04/19)(b)	USD		75		76,189

Security		Par (000)		Value
United States (continued)
PetSmart Inc. 5.88%, 06/01/25 (Call 06/01/20)(a)	USD		175	$	137,177
7.13%, 03/15/23 (Call 03/04/19)(a)	USD		250		156,875
8.88%, 06/01/25 (Call 06/01/20)(a)(b)	USD		75		47,246
Pilgrim’s Pride Corp. 5.75%, 03/15/25 (Call 03/15/20)(a)	USD		125		122,500
5.88%, 09/30/27 (Call 09/30/22)(a)	USD		100		96,453
Pitney Bowes Inc. 3.88%, 10/01/21 (Call 09/01/21)	USD		75		73,125
4.38%, 05/15/22 (Call 04/15/22)	USD		50		46,888
4.63%, 03/15/24 (Call 12/15/23)(b)	USD		50		45,007
4.70%, 04/01/23 (Call 03/01/23)	USD		50		46,094
Platform Specialty Products Corp. 5.88%, 12/01/25 (Call 12/01/20)(a)	USD		115		114,784
6.50%, 02/01/22 (Call 02/01/19)(a)	USD		100		101,512
Post Holdings Inc. 5.00%, 08/15/26 (Call 08/15/21)(a)	USD		225		212,976
5.50%, 03/01/25 (Call 03/01/20)(a)(b)	USD		125		124,098
5.63%, 01/15/28 (Call 12/01/22)(a)	USD		125		120,155
5.75%, 03/01/27 (Call 03/01/22)(a)	USD		175		171,500
Prestige Brands Inc., 6.38%, 03/01/24 (Call 03/04/19)(a)(b)	USD		100		99,273
Prime Security Services Borrower LLC/Prime Finance Inc., 9.25%, 05/15/23 (Call 05/15/19)(a)	USD		350		370,015
PSPC Escrow Corp., 6.00%, 02/01/23 (Call 03/01/19)(c)	EUR		100		118,164
PulteGroup Inc. 4.25%, 03/01/21 (Call 02/01/21)	USD		100		101,375
5.00%, 01/15/27 (Call 10/15/26)	USD		75		71,977
5.50%, 03/01/26 (Call 12/01/25)	USD		105		105,146
PVH Corp., 3.63%, 07/15/24 (Call 04/15/24)(c)	EUR		100		123,304
QEP Resources Inc. 5.25%, 05/01/23 (Call 02/01/23)	USD		75		72,526
5.38%, 10/01/22 (Call 07/01/22)	USD		75		73,788
5.63%, 03/01/26 (Call 12/01/25)	USD		75		72,063
Quicken Loans Inc. 5.25%, 01/15/28 (Call 01/15/23)(a)	USD		125		113,868
5.75%, 05/01/25 (Call 05/01/20)(a)(b)	USD		175		168,875
QVC Inc. 4.38%, 03/15/23(b)	USD		75		74,451
4.45%, 02/15/25 (Call 11/15/24)	USD		75		72,110
4.85%, 04/01/24	USD		75		74,988
5.13%, 07/02/22	USD		75		77,099
Rackspace Hosting Inc., 8.63%, 11/15/24 (Call 11/15/19)(a)	USD		150		126,000
Radian Group Inc., 4.50%, 10/01/24 (Call 07/01/24)	USD		75		72,750
Range Resources Corp. 4.88%, 05/15/25 (Call 02/15/25)	USD		100		90,500
5.00%, 08/15/22 (Call 05/15/22)	USD		75		72,909
5.00%, 03/15/23 (Call 12/15/22)(b)	USD		100		95,218
5.75%, 06/01/21 (Call 03/01/21)(b)	USD		50		50,340
Realogy Group LLC/Realogy Co-Issuer Corp. 4.88%, 06/01/23 (Call 03/01/23)(a)(b)	USD		75		68,375
5.25%, 12/01/21 (Call 03/04/19)(a)(b)	USD		75		74,803
Refinitiv U.S. Holdings Inc. 4.50%, 05/15/26 (Call 11/15/21)(c)	EUR		100		111,901
6.25%, 05/15/26 (Call 11/15/21)(a)(b)	USD		150		147,457
6.88%, 11/15/26 (Call 11/15/21)(c)	EUR		100		104,510
8.25%, 11/15/26 (Call 11/15/21)(a)	USD		200		187,500
RegionalCare Hospital Partners Holdings Inc., 8.25%, 05/01/23 (Call 05/01/19)(a)	USD		100		105,614

34

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
RegionalCare Hospital Partners Holdings Inc./LifePoint Health Inc., 9.75%, 12/01/26 (Call 12/01/21)(a)	USD		175	$	174,726
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu 5.13%, 07/15/23 (Call 07/15/19)(a)	USD		200		200,471
5.75%, 10/15/20 (Call 03/04/19)	USD		388		389,116
7.00%, 07/15/24 (Call 07/15/19)(a)(b)	USD		100		102,250
Rite Aid Corp., 6.13%, 04/01/23 (Call 03/04/19)(a)	USD		225		189,506
Rowan Companies Inc. 4.88%, 06/01/22 (Call 03/01/22)	USD		75		66,523
7.38%, 06/15/25 (Call 03/15/25)(b)	USD		75		64,875
Sable Permian Resources Land LLC/AEPB Finance Corp. 7.13%, 11/01/20 (Call 03/04/19)(a)(b)	USD		75		25,710
7.38%, 11/01/21 (Call 03/04/19)(a)(b)	USD		75		26,250
Sabre GLBL Inc., 5.25%, 11/15/23 (Call 03/04/19)(a)	USD		125		126,875
Sanchez Energy Corp. 6.13%, 01/15/23 (Call 03/04/19)	USD		150		26,464
7.25%, 02/15/23 (Call 02/15/20)(a)(b)	USD		50		42,469
7.75%, 06/15/21 (Call 03/04/19)	USD		75		14,250
SBA Communications Corp. 4.00%, 10/01/22 (Call 10/01/19)	USD		100		98,470
4.88%, 07/15/22 (Call 03/04/19)	USD		100		101,155
4.88%, 09/01/24 (Call 09/01/19)	USD		150		150,187
Scientific Games International Inc. 3.38%, 02/15/26 (Call 02/15/21)(c)	EUR		100		107,434
5.00%, 10/15/25 (Call 10/15/20)(a)	USD		175		165,954
10.00%, 12/01/22 (Call 03/04/19)	USD		250		262,812
Sealed Air Corp. 4.50%, 09/15/23 (Call 06/15/23)(c)	EUR		100		126,186
4.88%, 12/01/22 (Call 09/01/22)(a)	USD		50		50,744
5.13%, 12/01/24 (Call 09/01/24)(a)	USD		50		50,649
5.25%, 04/01/23 (Call 01/01/23)(a)(b)	USD		50		51,100
5.50%, 09/15/25 (Call 06/15/25)(a)	USD		50		51,516
6.50%, 12/01/20 (Call 09/01/20)(a)	USD		50		52,125
SemGroup Corp./Rose Rock Finance Corp., 5.63%, 07/15/22 (Call 02/15/19)(b)	USD		50		47,500
Service Corp. International/U.S 4.63%, 12/15/27 (Call 12/15/22)(b)	USD		75		73,359
5.38%, 01/15/22 (Call 03/04/19)	USD		50		50,527
5.38%, 05/15/24 (Call 05/15/19)	USD		125		127,828
ServiceMaster Co. LLC (The), 5.13%, 11/15/24 (Call 11/15/19)(a)	USD		100		97,795
SESI LLC 7.13%, 12/15/21 (Call 03/04/19)	USD		100		89,125
7.75%, 09/15/24 (Call 09/15/20)	USD		75		58,828
Silgan Holdings Inc., 3.25%, 03/15/25 (Call 03/15/20)	EUR		100		117,742
Sinclair Television Group Inc. 5.13%, 02/15/27 (Call 08/15/21)(a)	USD		50		45,494
5.38%, 04/01/21 (Call 02/15/19)	USD		50		50,067
5.63%, 08/01/24 (Call 08/01/19)(a)(b)	USD		75		72,562
6.13%, 10/01/22 (Call 02/15/19)	USD		75		76,406
Sirius XM Radio Inc. 3.88%, 08/01/22 (Call 08/01/20)(a)	USD		125		123,288
4.63%, 05/15/23 (Call 03/04/19)(a)	USD		50		50,125
5.00%, 08/01/27 (Call 08/01/22)(a)	USD		200		193,250
5.38%, 04/15/25 (Call 04/15/20)(a)	USD		125		126,562
5.38%, 07/15/26 (Call 07/15/21)(a)	USD		125		124,063
6.00%, 07/15/24 (Call 07/15/19)(a)(b)	USD		200		207,659

Security		Par (000)		Value
United States (continued)
Six Flags Entertainment Corp. 4.88%, 07/31/24 (Call 07/31/19)(a)	USD		125	$	123,792
5.50%, 04/15/27 (Call 04/15/22)(a)	USD		65		64,445
SM Energy Co. 5.00%, 01/15/24 (Call 03/04/19)(b)	USD		75		71,297
5.63%, 06/01/25 (Call 06/01/20)(b)	USD		75		72,281
6.13%, 11/15/22 (Call 03/04/19)	USD		50		50,125
6.63%, 01/15/27 (Call 01/15/22)(b)	USD		50		48,834
6.75%, 09/15/26 (Call 09/15/21)(b)	USD		75		74,168
Solera LLC/Solera Finance Inc., 10.50%, 03/01/24 (Call 03/04/19)(a)	USD		250		270,516
Southwestern Energy Co. 6.20%, 01/23/25 (Call 10/23/24)	USD		100		97,250
7.50%, 04/01/26 (Call 04/01/21)	USD		75		76,988
7.75%, 10/01/27 (Call 10/01/22)	USD		75		77,056
Spectrum Brands Inc. 5.75%, 07/15/25 (Call 07/15/20)	USD		150		147,825
6.63%, 11/15/22 (Call 03/04/19)	USD		100		102,519
Springleaf Finance Corp. 5.63%, 03/15/23	USD		100		98,751
6.13%, 05/15/22(b)	USD		125		128,319
6.88%, 03/15/25	USD		175		167,344
7.13%, 03/15/26	USD		200		191,138
7.75%, 10/01/21	USD		100		105,343
8.25%, 12/15/20	USD		125		133,437
Sprint Communications Inc. 6.00%, 11/15/22	USD		300		303,750
7.00%, 03/01/20(a)	USD		125		128,743
7.00%, 08/15/20	USD		200		207,500
11.50%, 11/15/21	USD		125		144,844
Sprint Corp. 7.13%, 06/15/24	USD		300		307,969
7.25%, 09/15/21	USD		300		315,000
7.63%, 02/15/25 (Call 11/15/24)(b)	USD		200		208,810
7.63%, 03/01/26 (Call 11/01/25)	USD		200		207,560
7.88%, 09/15/23	USD		500		532,650
Standard Industries Inc./NJ 4.75%, 01/15/28 (Call 01/15/23)(a)	USD		125		113,348
5.00%, 02/15/27 (Call 02/15/22)(a)	USD		75		70,137
5.38%, 11/15/24 (Call 11/15/19)(a)	USD		150		149,475
5.50%, 02/15/23 (Call 03/04/19)(a)	USD		75		76,073
6.00%, 10/15/25 (Call 10/15/20)(a)	USD		125		125,949
Staples Inc., 8.50%, 09/15/25 (Call 09/15/20)(a)(b)	USD		125		119,688
Starwood Property Trust Inc. 3.63%, 02/01/21 (Call 11/01/20)	USD		75		73,922
4.75%, 03/15/25 (Call 09/15/24)	USD		50		47,723
5.00%, 12/15/21 (Call 09/15/21)	USD		100		101,125
Steel Dynamics Inc. 5.00%, 12/15/26 (Call 12/15/21)	USD		50		49,719
5.13%, 10/01/21 (Call 03/04/19)(b)	USD		50		50,412
5.25%, 04/15/23 (Call 03/04/19)	USD		50		50,708
5.50%, 10/01/24 (Call 10/01/19)	USD		75		77,329
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.50%, 06/01/24 (Call 06/01/19)	USD		75		74,250
Summit Materials LLC/Summit Materials Finance Corp., 6.13%, 07/15/23 (Call 02/15/19)	USD		75		75,540
Sunoco LP/Sunoco Finance Corp. 4.88%, 01/15/23 (Call 01/15/20)	USD		125		124,102
5.50%, 02/15/26 (Call 02/15/21)	USD		100		98,499
Series WI, 5.88%, 03/15/28 (Call 03/15/23)	USD		60		58,770

35

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
Symantec Corp. 3.95%, 06/15/22 (Call 03/15/22)	USD		50	$	49,251
4.20%, 09/15/20	USD		100		100,188
5.00%, 04/15/25 (Call 04/15/20)(a)	USD		150		150,093
TA MFG. Ltd., 3.63%, 04/15/23 (Call 03/04/19)(c)	EUR		100		116,314
Talen Energy Supply LLC 6.50%, 06/01/25 (Call 06/01/20)	USD		75		58,969
9.50%, 07/15/22 (Call 07/15/20)(a)	USD		50		51,200
10.50%, 01/15/26 (Call 01/15/22)(a)	USD		75		69,785
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. 4.75%, 10/01/23 (Call 10/01/20)(a)	USD		75		74,867
5.50%, 09/15/24 (Call 09/15/19)(a)	USD		100		100,530
5.50%, 01/15/28 (Call 01/15/23)(a)	USD		100		97,465
Targa Resources Partners LP/Targa Resources Partners Finance Corp. 4.25%, 11/15/23 (Call 03/04/19)	USD		50		48,313
5.00%, 01/15/28 (Call 01/15/23)	USD		100		94,188
5.13%, 02/01/25 (Call 02/01/20)	USD		50		49,275
5.25%, 05/01/23 (Call 03/04/19)	USD		75		75,415
5.38%, 02/01/27 (Call 02/01/22)	USD		75		72,914
5.88%, 04/15/26 (Call 04/15/21)(a)	USD		125		126,406
6.50%, 07/15/27 (Call 07/15/22)(a)	USD		30		30,938
6.75%, 03/15/24 (Call 09/15/19)	USD		75		78,010
6.88%, 01/15/29 (Call 01/15/24)(a)	USD		50		52,029
Taylor Morrison Communities Inc./Taylor Morrison Holdings II Inc., 5.25%, 04/15/21 (Call 03/04/19)(a)	USD		100		100,211
TEGNA Inc. 5.13%, 07/15/20 (Call 03/04/19)	USD		75		75,251
6.38%, 10/15/23 (Call 03/04/19)	USD		100		101,750
Teleflex Inc. 4.63%, 11/15/27 (Call 11/15/22)	USD		75		72,839
4.88%, 06/01/26 (Call 06/01/21)	USD		50		50,203
Tempur Sealy International Inc. 5.50%, 06/15/26 (Call 06/15/21)	USD		75		71,813
5.63%, 10/15/23 (Call 03/04/19)	USD		50		49,639
Tenet Healthcare Corp. 4.38%, 10/01/21(b)	USD		150		149,900
4.50%, 04/01/21	USD		125		125,561
4.63%, 07/15/24 (Call 07/15/20)	USD		250		245,826
5.13%, 05/01/25 (Call 05/01/20)	USD		175		171,490
6.00%, 10/01/20	USD		225		232,661
6.25%, 02/01/27 (Call 02/01/22)(a)	USD		60		60,375
6.75%, 06/15/23(b)	USD		225		221,766
7.00%, 08/01/25 (Call 08/01/20)(b)	USD		50		48,375
7.50%, 01/01/22 (Call 02/22/19)(a)	USD		100		103,893
8.13%, 04/01/22	USD		350		367,062
Tenneco Inc., 4.88%, 04/15/22 (Call 04/15/19)(c)	EUR		175		205,705
TerraForm Power Operating LLC 4.25%, 01/31/23 (Call 10/31/22)(a)(b)	USD		75		73,607
5.00%, 01/31/28 (Call 07/31/27)(a)	USD		75		69,750
Tesla Inc., 5.30%, 08/15/25 (Call 08/15/20)(a)(b)	USD		225		199,755
T-Mobile USA Inc. 4.00%, 04/15/22 (Call 03/16/22)	USD		75		74,465
4.50%, 02/01/26 (Call 02/01/21)	USD		125		121,719
4.75%, 02/01/28 (Call 02/01/23)	USD		175		167,781
5.13%, 04/15/25 (Call 04/15/20)	USD		75		75,656
5.38%, 04/15/27 (Call 04/15/22)	USD		75		75,909
6.00%, 03/01/23 (Call 02/11/19)	USD		175		179,760
6.00%, 04/15/24 (Call 04/15/19)	USD		125		128,281

Security		Par (000)		Value
United States (continued)
6.38%, 03/01/25 (Call 09/01/19)	USD		225	$	233,437
6.50%, 01/15/26 (Call 01/15/21)	USD		250		264,687
Toll Brothers Finance Corp. 4.35%, 02/15/28 (Call 11/15/27)(b)	USD		50		45,732
4.38%, 04/15/23 (Call 01/15/23)	USD		50		49,146
4.88%, 03/15/27 (Call 12/15/26)	USD		60		58,050
5.88%, 02/15/22 (Call 11/15/21)	USD		50		52,250
TransDigm Inc. 5.50%, 10/15/20 (Call 03/04/19)	USD		75		75,188
6.00%, 07/15/22 (Call 03/04/19)	USD		150		151,125
6.25%, 03/15/26 (Call 03/15/22)(a)	USD		250		253,750
6.38%, 06/15/26 (Call 06/15/21)	USD		200		192,719
6.50%, 07/15/24 (Call 07/15/19)	USD		150		148,248
6.50%, 05/15/25 (Call 05/15/20)	USD		100		97,250
Transocean Guardian Ltd., 5.88%, 01/15/24 (Call 07/15/21)(a)	USD		71		71,229
Transocean Inc. 7.25%, 11/01/25 (Call 11/01/21)(a)	USD		100		94,191
9.00%, 07/15/23 (Call 07/15/20)(a)(b)	USD		150		156,702
Transocean Phoenix 2 Ltd., 7.75%, 10/15/24 (Call 10/15/20)(a)	USD		40		41,700
Transocean Pontus Ltd., 6.13%, 08/01/25 (Call 08/01/21)(a)	USD		75		75,325
Transocean Poseidon Ltd., 6.88%, 02/01/27 (Call 02/01/22)(a)	USD		30		30,465
Transocean Proteus Ltd., 6.25%, 12/01/24 (Call 12/01/20)(a)(b)	USD		40		40,249
TRI Pointe Group Inc./TRI Pointe Homes Inc., 5.88%, 06/15/24	USD		50		48,000
Tribune Media Co., 5.88%, 07/15/22 (Call 02/11/19)	USD		150		152,625
Triumph Group Inc., 7.75%, 08/15/25 (Call 08/15/20)(b)	USD		67		57,275
Tronox Finance PLC, 5.75%, 10/01/25 (Call 10/01/20)(a)(b)	USD		50		43,141
Tronox Inc., 6.50%, 04/15/26 (Call 04/15/21)(a)	USD		75		66,234
U.S. Steel Corp. 6.25%, 03/15/26 (Call 03/15/21)(b)	USD		75		68,359
6.88%, 08/15/25 (Call 08/15/20)	USD		100		95,405
United Continental Holdings Inc., 4.25%, 10/01/22	USD		50		49,552
United Rentals North America Inc. 4.63%, 07/15/23 (Call 03/04/19)	USD		125		126,150
4.63%, 10/15/25 (Call 10/15/20)	USD		80		76,750
4.88%, 01/15/28 (Call 01/15/23)(b)	USD		225		213,469
5.50%, 07/15/25 (Call 07/15/20)	USD		100		101,125
5.50%, 05/15/27 (Call 05/15/22)	USD		125		124,750
5.75%, 11/15/24 (Call 05/15/19)	USD		125		128,046
5.88%, 09/15/26 (Call 09/15/21)(b)	USD		125		126,992
6.50%, 12/15/26 (Call 12/15/21)	USD		150		155,625
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC 6.00%, 04/15/23 (Call 03/04/19)(a)	USD		100		95,074
7.13%, 12/15/24 (Call 12/15/19)(a)	USD		75		66,188
8.25%, 10/15/23 (Call 04/15/19)	USD		125		115,938
Univision Communications Inc. 5.13%, 05/15/23 (Call 03/04/19)(a)(b)	USD		150		140,310
5.13%, 02/15/25 (Call 02/15/20)(a)	USD		200		182,250
Valeant Pharmaceuticals International 8.50%, 01/31/27 (Call 07/31/22)(a)	USD		100		104,521
9.25%, 04/01/26 (Call 04/01/22)(a)(b)	USD		200		215,125
Vantiv LLC/Vanity Issuer Corp., 3.88%, 11/15/25 (Call 11/15/20)(c)	GBP		100		126,680
Vector Group Ltd., 6.13%, 02/01/25 (Call 02/01/20)(a)	USD		125		109,531

36

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
VeriSign Inc. 4.63%, 05/01/23 (Call 03/04/19)	USD		100	$	100,911
4.75%, 07/15/27 (Call 07/15/22)	USD		75		74,147
5.25%, 04/01/25 (Call 01/01/25)(b)	USD		50		51,325
Veritas U.S. Inc./Veritas Bermuda Ltd., 10.50%, 02/01/24 (Call 02/11/19)(a)	USD		200		144,462
Verscend Escrow Corp., 9.75%, 08/15/26 (Call 08/15/21)(a)(b)	USD		125		125,400
Vertiv Group Corp., 9.25%, 10/15/24 (Call 10/15/19)(a)(b)	USD		100		93,250
Viacom Inc. 5.88%, 02/28/57 (Call 02/28/22)(d)(e)	USD		100		96,350
6.25%, 02/28/57 (Call 02/28/27)(d)(e)	USD		75		72,750
Viking Cruises Ltd., 5.88%, 09/15/27 (Call 09/15/22)(a)	USD		100		97,750
Vistra Energy Corp. 5.88%, 06/01/23 (Call 03/04/19)	USD		75		76,840
7.38%, 11/01/22 (Call 03/04/19)	USD		225		234,000
7.63%, 11/01/24 (Call 11/01/19)	USD		150		159,487
Vistra Operations Co. LLC 5.50%, 09/01/26 (Call 09/01/21)(a)	USD		125		126,562
5.63%, 02/15/27 (Call 02/15/22)(a)	USD		125		125,625
VOC Escrow Ltd., 5.00%, 02/15/28 (Call 02/15/23)(a)	USD		100		97,490
Voya Financial Inc., 5.65%, 05/15/53 (Call 05/15/23)(d)(e)	USD		100		97,000
Weatherford International LLC, 9.88%, 03/01/25	USD		75		48,375
Weatherford International Ltd. 4.50%, 04/15/22 (Call 01/15/22)(b)	USD		75		47,625
7.75%, 06/15/21 (Call 05/15/21)(b)	USD		100		85,313
8.25%, 06/15/23 (Call 03/15/23)	USD		75		48,188
WellCare Health Plans Inc. 5.25%, 04/01/25 (Call 04/01/20)(b)	USD		150		152,684
5.38%, 08/15/26 (Call 08/15/21)(a)(b)	USD		110		112,269
West Corp., 8.50%, 10/15/25 (Call 10/15/20)(a)	USD		150		125,156
Western Digital Corp., 4.75%, 02/15/26 (Call 11/15/25)(b)	USD		275		255,750
Whiting Petroleum Corp. 5.75%, 03/15/21 (Call 12/15/20)	USD		125		125,210
6.25%, 04/01/23 (Call 01/01/23)(b)	USD		50		49,364
6.63%, 01/15/26 (Call 10/15/25)(b)	USD		125		122,500
William Lyon Homes Inc., 5.88%, 01/31/25 (Call 01/31/20)	USD		50		44,022
Windstream Services LLC/Windstream Finance Corp. 8.63%, 10/31/25 (Call 10/31/20)(a)	USD		75		71,179
9.00%, 06/30/25 (Call 06/30/21)(a)	USD		100		74,880
10.50%, 06/30/24 (Call 06/30/20)(a)	USD		75		62,571
WMG Acquisition Corp., 4.13%, 11/01/24 (Call 11/01/19)(c)	EUR		90		107,336
WPX Energy Inc. 5.25%, 09/15/24 (Call 06/15/24)	USD		75		74,133
5.75%, 06/01/26 (Call 06/01/21)	USD		75		74,625
6.00%, 01/15/22 (Call 10/15/21)	USD		50		51,012
8.25%, 08/01/23 (Call 06/01/23)	USD		75		83,250
WR Grace & Co.-Conn, 5.13%, 10/01/21(a)	USD		100		102,750
Wyndham Destinations Inc. 3.90%, 03/01/23 (Call 12/01/22)	USD		38		35,732
4.25%, 03/01/22 (Call 12/01/21)	USD		56		55,720
5.75%, 04/01/27 (Call 01/01/27)	USD		50		47,406

Security		Par/ Shares (000)		Value
United States (continued)
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp. 4.25%, 05/30/23 (Call 02/28/23)(a)	USD		75	$	73,212
5.25%, 05/15/27 (Call 02/15/27)(a)	USD		125		116,771
5.50%, 03/01/25 (Call 12/01/24)(a)	USD		225		218,812
XPO Logistics Inc. 6.13%, 09/01/23 (Call 09/01/19)(a)(b)	USD		75		75,750
6.50%, 06/15/22 (Call 03/04/19)(a)	USD		150		153,750
Zayo Group LLC/Zayo Capital Inc. 5.75%, 01/15/27 (Call 01/15/22)(a)	USD		225		217,674
6.00%, 04/01/23 (Call 03/04/19)	USD		200		201,000
6.38%, 05/15/25 (Call 05/15/20)	USD		100		97,813
					94,106,285
Venezuela — 0.2%
Citgo Holding Inc., 10.75%, 02/15/20(a)	USD		225		228,938
Total Corporate Bonds & Notes — 97.7% (Cost: $147,064,478)					140,702,168
Short-Term Investments
Money Market Funds — 16.6%
BlackRock Cash Funds: Institutional, SL Agency Shares, 2.62%(i)(j)(k)			23,337		23,343,895
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.31%(i)(j)			493		492,665
					23,836,560
Total Short-Term Investments — 16.6% (Cost: $23,829,559)					23,836,560
Total Investments in Securities — 114.3% (Cost: $170,894,037)					164,538,728
Other Assets, Less Liabilities — (14.3)%					(20,612,570	)
Net Assets — 100.0%				$	143,926,158

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

^(d)  Security is issued at a fixed coupon rate, which converts to a variable rate at a specified date. Reference index and spread are provided if the rate is currently floating.

^(e)  Variable or floating rate security. Rate shown is the rate in effect as of period-end.

^(f)  Issuer filed for bankruptcy and/or is in default.

^(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)  Perpetual security with no stated maturity date.

⁽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.

37

Schedule of Investments  (unaudited) (continued) January 31, 2019 iShares^® US & Intl High Yield Corp Bond ETF

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended January 31, 2019, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Shares Held at 10/31/18 (000)		Net Activity (000)			Shares Held at 01/31/19 (000)		Value at 01/31/19		Income			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)
BlackRock Cash Funds: Institutional, SL Agency Shares		38,617		(15,280	)		23,337	$	23,343,895	$	47,802	(a)	$	(4	)	$	1,912
BlackRock Cash Funds: Treasury, SL Agency Shares		2,804		(2,311	)		493		492,665		5,035			—			—
								$	23,836,560	$	52,837		$	(4	)	$	1,912

^(a)  Includes 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, and less fees paid to BTC as securities lending agent.

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, 2019. 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	$	—	$	140,702,168	$	—	$	140,702,168
Money Market Funds		23,836,560		—		—		23,836,560
	$	23,836,560	$	140,702,168	$	—	$	164,538,728

Currency Abbreviations

CAD	Canadian Dollar
EUR	Euro
GBP	British Pound

38

Item 2. Controls and Procedures.

(a) The President (the registrant’s Principal Executive Officer) and Treasurer 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:	April 01, 2019

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:	April 01, 2019

By:	/s/ Jack Gee
	Jack Gee, Treasurer and Chief Financial Officer (Principal Financial Officer)
Date:	April 01, 2019

EX-99.CERT

Form N-Q Exhibit for Item 3(a) EX-99.CERT

I, Martin Small, certify that:

1. I have reviewed this report on Form N-Q of iShares, Inc. for the following five series: iShares Emerging Markets High Yield Bond ETF, iShares International High Yield Bond ETF, iShares J.P. Morgan EM Corporate Bond ETF, iShares J.P. Morgan EM Local Currency Bond ETF and iShares US & Intl High Yield Corp Bond ETF;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	April 01, 2019	/s/ Martin Small	President (Principal Executive Officer)
		Martin Small [Signature]	[Title]

Form N-Q Exhibit for Item 3(a) EX-99.CERT

I, Jack Gee, certify that:

1. I have reviewed this report on Form N-Q of iShares, Inc. for the following five series: iShares Emerging Markets High Yield Bond ETF, iShares International High Yield Bond ETF, iShares J.P. Morgan EM Corporate Bond ETF, iShares J.P. Morgan EM Local Currency Bond ETF and iShares US & Intl High Yield Corp Bond ETF;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	April 01, 2019	/s/ Jack Gee	Treasurer and Chief Financial Officer (Principal Financial Officer)
		Jack Gee [Signature]	[Title]