0001752724-19-133860.txt : 20190926 0001752724-19-133860.hdr.sgml : 20190926 20190926165543 ACCESSION NUMBER: 0001752724-19-133860 CONFORMED SUBMISSION TYPE: NPORT-EX PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190731 FILED AS OF DATE: 20190926 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iShares, Inc. CENTRAL INDEX KEY: 0000930667 IRS NUMBER: 510396525 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NPORT-EX SEC ACT: 1940 Act SEC FILE NUMBER: 811-09102 FILM NUMBER: 191118548 BUSINESS ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: (415) 670-2000 MAIL ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: iSHARES INC DATE OF NAME CHANGE: 20070126 FORMER COMPANY: FORMER CONFORMED NAME: ISHARES INC DATE OF NAME CHANGE: 20000516 FORMER COMPANY: FORMER CONFORMED NAME: WEBS INDEX FUND INC DATE OF NAME CHANGE: 19970211 0000930667 S000036777 iShares Emerging Markets High Yield Bond ETF C000112503 iShares Emerging Markets High Yield Bond ETF EMHY ACCESSION NUMBER: 0001752724-19-127929 NPORT-EX 1 NPORT_11110257582440912.htm iShares Emerging Markets High Yield Bond ETF

Schedule of Investments  (unaudited) 

July 31, 2019

   

iShares® Emerging Markets High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Corporate Bonds & Notes

 

Argentina — 1.0%            

Pampa Energia SA

    

7.38%, 07/21/23 (Call 07/21/20)(a)

   $   400     $ 396,500  

7.50%, 01/24/27 (Call 01/24/22)(a)

     350       321,880  

YPF SA

    

6.95%, 07/21/27(a)

     500       451,250  

7.00%, 12/15/47 (Call 06/15/47)(a)

     400       342,967  

8.50%, 03/23/21(a)

     500       512,031  

8.50%, 07/28/25(a)

     800       794,400  

8.75%, 04/04/24(a)

     766       781,799  
   

 

 

  
        3,600,827  
Azerbaijan — 0.3%            

Southern Gas Corridor CJSC, 6.88%, 03/24/26(a)

     1,000       1,171,462  
   

 

 

  
Bahrain — 0.4%            

Oil and Gas Holding Co. BSCC (The)

    

7.50%, 10/25/27(a)

     600       666,450  

7.63%, 11/07/24(a)

     400       447,125  

8.38%, 11/07/28(a)

     200       234,503  
   

 

 

  
      1,348,078  
Brazil — 13.7%            

Banco Bradesco SA/Cayman Islands

    

5.75%, 03/01/22(a)

     800       837,200  

5.90%, 01/16/21(a)

     800       833,400  

Banco BTG Pactual SA/Cayman Islands

    

5.50%, 01/31/23(a)

     200       210,980  

7.75%, 02/15/29 (Call 02/15/24)(a)(b)

     400       419,800  

Banco do Brasil SA/Cayman

    

3.88%, 10/10/22

     900       913,652  

4.63%, 01/15/25(a)

     600       623,794  

4.75%, 03/20/24(a)

     200       209,563  

4.88%, 04/19/23(a)

     400       420,625  

5.38%, 01/15/21(a)

     300       308,719  

5.88%, 01/26/22(a)

     900       950,681  

5.88%, 01/19/23(a)

     600       642,562  

Braskem Finance Ltd.

    

5.38%, 05/02/22(a)

     400       420,000  

5.75%, 04/15/21(a)

     400       418,250  

6.45%, 02/03/24

     400       443,083  

BRF SA

    

3.95%, 05/22/23(a)

     200       197,600  

4.75%, 05/22/24(a)

     400       399,812  

Cemig Geracao e Transmissao SA, 9.25%, 12/05/24 (Call 12/05/23)(a)

     600       696,600  

Centrais Eletricas Brasileiras SA,
5.75%, 10/27/21(a)

     1,000       1,046,837  

CSN Resources SA

    

7.63%, 02/13/23 (Call 02/13/21)(a)

     400       422,480  

7.63%, 04/17/26 (Call 04/17/22)(a)

     400       427,193  

Embraer Netherlands Finance BV, 5.05%, 06/15/25

     600       650,437  

Embraer Overseas Ltd.,
5.70%, 09/16/23(a)

     250       274,844  

Fibria Overseas Finance Ltd., 5.25%, 05/12/24

     400       426,250  

Gol Finance Inc., 7.00%, 01/31/25
(Call 01/31/22)(a)

     400       402,562  

GTL Trade Finance Inc./Gerdau Holdings Inc., 5.89%, 04/29/24 (Call 01/29/24)(a)

     300       330,453  

Itau Unibanco Holding SA/Cayman Islands

    

5.13%, 05/13/23(a)

     1,120       1,173,445  

5.50%, 08/06/22(a)

     760       793,060  

5.65%, 03/19/22(a)

     800       841,040  
Security   Par
(000)		     Value  
Brazil (continued)            

5.75%, 01/22/21(a)

   $   300     $ 310,744  

6.20%, 12/21/21(a)

     800       849,500  

JBS Investments GmbH

    

6.25%, 02/05/23 (Call 08/30/19)(a)

     400       408,250  

7.25%, 04/03/24 (Call 08/30/19)(a)

     400       415,000  

JBS Investments II GmbH, 7.00%, 01/15/26
(Call 01/15/21)(a)

     600       642,000  

JBS USA LUX SA/JBS USA Finance Inc.

    

5.75%, 06/15/25 (Call 06/15/20)(a)

     450       461,053  

5.88%, 07/15/24 (Call 09/03/19)(a)

     525       539,437  

6.75%, 02/15/28 (Call 02/15/23)(a)

     400       432,000  

Klabin Austria GmbH, 5.75%, 04/03/29
(Call 01/03/29)(a)

     200       210,688  

MARB BondCo PLC

    

6.88%, 01/19/25 (Call 01/19/21)(a)

     600       615,000  

7.00%, 03/15/24 (Call 03/15/20)(a)

     400       413,860  

Minerva Luxembourg SA, 6.50%, 09/20/26
(Call 09/20/21)(a)

     700       715,750  

NBM U.S. Holdings Inc., 7.00%, 05/14/26
(Call 05/14/22)(a)

     400       412,200  

Petrobras Global Finance BV

    

4.38%, 05/20/23

     956       992,089  

5.30%, 01/27/25

     1,600       1,724,080  

5.38%, 01/27/21

     394       408,775  

5.63%, 05/20/43

     100       101,950  

5.75%, 02/01/29

     1,592       1,707,420  

6.00%, 01/27/28

     2,868       3,134,724  

6.25%, 03/17/24

     1,261       1,403,280  

6.75%, 01/27/41

     700       782,250  

6.85%, 06/05/15

     1,383       1,507,470  

6.88%, 01/20/40

     600       678,000  

7.25%, 03/17/44

     986       1,154,175  

7.38%, 01/17/27

     2,201       2,602,682  

8.75%, 05/23/26

     1,579       1,983,224  

Rio Oil Finance Trust, Series 2014-1, 9.25%, 07/06/24(a)

     745       827,158  

Rumo Luxembourg Sarl

    

5.88%, 01/18/25 (Call 01/18/22)(a)

     200       212,375  

7.38%, 02/09/24 (Call 02/09/21)(a)

     400       433,960  

Ultrapar International SA, 5.25%, 10/06/26(a)

     400       423,500  

Vale Overseas Ltd.

    

4.38%, 01/11/22

     600       618,000  

6.25%, 08/10/26

     1,100       1,245,475  

6.88%, 11/21/36

     1,100       1,330,846  

6.88%, 11/10/39

     800       979,040  

8.25%, 01/17/34

     400       527,891  
   

 

 

  
        46,938,768  
Chile — 0.5%            

Latam Finance Ltd.

    

6.88%, 04/11/24 (Call 04/11/21)(a)

     500       525,781  

7.00%, 03/01/26 (Call 03/01/23)(a)

     400       421,900  

VTR Finance BV, 6.88%, 01/15/24
(Call 08/12/19)(a)

     600       620,586  
   

 

 

  
      1,568,267  
China — 7.5%            

Agile Group Holdings Ltd.

    

6.70%, 03/07/22 ( 03/07/21)(a)

     200       206,728  

8.50%, 07/18/21 (Call 07/18/20)(a)

     400       424,500  

CFLD Cayman Investment Ltd.

    

6.50%, 12/21/20(a)

     600       601,500  

8.60%, 04/08/24(a)

     400       406,000  

9.00%, 07/31/21(a)

     400       417,268  

China Aoyuan Group Ltd.

    

7.95%, 09/07/21 (Call 09/07/20)(a)

     300       311,250  

8.50%, 01/23/22 (Call 01/23/21)(a)

     200       209,750  
 

 

 

1

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

iShares® Emerging Markets High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
China (continued)            

China Evergrande Group

    

6.25%, 06/28/21(a)

   $   800     $ 771,250  

7.50%, 06/28/23 (Call 06/28/20)(a)

     700       643,344  

8.25%, 03/23/22 (Call 03/23/20)(a)

     1,200       1,163,625  

8.75%, 06/28/25 (Call 06/28/21)(a)

     2,466         2,195,511  

9.50%, 04/11/22(a)

     700       697,445  

9.50%, 03/29/24 (Call 03/29/21)(a)

     700       662,594  

10.00%, 04/11/23 ( 04/11/21)(a)

     400       391,500  

10.50%, 04/11/24 (Call 04/11/22)(a)

     200       193,625  

China SCE Group Holdings Ltd.

    

5.88%, 03/10/22 (Call 03/10/20)(a)

     200       197,250  

7.45%, 04/17/21 (Call 04/17/20)(a)

     400       407,920  

CIFI Holdings Group Co. Ltd.

    

5.50%, 01/23/22 (Call 01/23/20)(a)

     400       397,271  

6.88%, 04/23/21 (Call 04/23/20)(a)

     200       204,500  

Consolidated Energy Finance SA, 6.88%, 06/15/25 (Call 06/15/20)(a)

     300       305,625  

Country Garden Holdings Co. Ltd.

    

4.75%, 07/25/22 (Call 07/25/20)(a)

     400       399,625  

4.75%, 09/28/23 (Call 09/28/20)(a)

     400       393,000  

7.25%, 04/04/21 (Call 08/30/19)(a)

     400       404,000  

Easy Tactic Ltd.

    

5.75%, 01/13/22 (Call 01/13/20)(a)

     600       589,687  

5.88%, 02/13/23 (Call 11/17/20)(a)

     400       384,500  

7.00%, 04/25/21 (Call 04/25/20)(a)

     200       203,028  

8.13%, 02/27/23 ( 02/27/21)(a)

     400       409,500  

Fantasia Holdings Group Co. Ltd.

    

7.38%, 10/04/21 (Call 10/04/19)(a)

     200       185,400  

8.38%, 03/08/21(a)

     400       383,611  

Fortune Star BVI Ltd., 5.25%, 03/23/22 (Call 03/23/20)(a)

     1,000       991,875  

Greenland Global Investment Ltd.,
5.88%, 07/03/24(a)

     400       384,521  

Kaisa Group Holdings Ltd.

    

8.50%, 06/30/22 (Call 06/30/20)(a)

     600       575,437  

9.38%, 06/30/24 (Call 06/30/21)(a)

     1,700       1,574,625  

11.25%, 04/09/22 (Call 04/09/21)(a)

     200       205,438  

11.50%, 01/30/23 (Call 05/30/21)(a)

     400       403,000  

KWG Group Holdings Ltd.

    

5.88%, 11/10/24 (Call 11/10/21)(a)

     200       180,500  

6.00%, 09/15/22 (Call 03/15/20)(a)

     400       395,375  

7.88%, 09/01/23 (Call 09/01/21)(a)

     400       405,500  

New Metro Global Ltd., 6.50%, 04/23/21 (Call 04/23/20)(a)

     200       188,897  

Ronshine China Holdings Ltd.,
10.50%, 03/01/22(a)

     200       208,438  

Scenery Journey Ltd.

    

13.00%, 11/06/22 (Call 11/06/20)(a)

     400       420,000  

13.75%, 11/06/23 (Call 11/06/21)(a)

     300       315,000  

Shimao Property Holdings Ltd., 4.75%, 07/03/22 (Call 07/03/20)(a)

     800       804,500  

Sunac China Holdings Ltd.

    

7.25%, 06/14/22 (Call 06/14/21)(a)

     200       199,250  

7.35%, 07/19/21 (Call 07/19/20)(a)

     400       407,000  

7.88%, 02/15/22 (Call 02/15/21)(a)

     400       406,500  

7.95%, 08/08/22 (Call 08/08/20)(a)

     400       407,375  

7.95%, 10/11/23 (Call 10/11/21)(a)

     500       507,187  

8.35%, 04/19/23 (Call 04/19/21)(a)

     200       205,188  

Times China Holdings Ltd.

    

6.25%, 01/17/21 (Call 01/31/20)(a)

     200       200,418  

7.63%, 02/21/22 (Call 02/21/21)(a)

     400       411,000  

Yankuang Group Cayman Ltd.,
6.00%, 01/30/22(a)

     400       409,000  
Security   Par
(000)		     Value  
China (continued)            

Yuzhou Properties Co. Ltd.

    

6.00%, 10/25/23 ( 10/25/20)(a)

   $   200     $ 187,000  

7.90%, 05/11/21 (Call 05/11/20)(a)

     400       413,750  

8.50%, 02/04/23 (Call 02/04/22)(a)

     200       206,750  

8.50%, 02/26/24 (Call 02/26/22)(a)

     200       203,250  

8.63%, 01/23/22(a)

     400       416,893  
   

 

 

  
        25,794,474  
Colombia — 1.3%            

Banco de Bogota SA

    

4.38%, 08/03/27(a)

     400       414,375  

5.38%, 02/19/23(a)

     200       211,562  

6.25%, 05/12/26(a)

     600       668,344  

Bancolombia SA

    

4.88%, 10/18/27 (Call 10/18/22)(b)

     600       614,437  

5.13%, 09/11/22

     400       420,625  

Colombia Telecomunicaciones SA ESP, 5.38%, 09/27/22 (Call 08/30/19)(a)

     345       348,558  

Grupo Aval Ltd., 4.75%, 09/26/22(a)

     600       612,720  

Millicom International Cellular SA

    

5.13%, 01/15/28 (Call 09/15/22)(a)

     200       204,438  

6.00%, 03/15/25 (Call 03/15/20)(a)

     300       311,250  

6.25%, 03/25/29 (Call 03/25/24)(a)

     400       431,200  

6.63%, 10/15/26 (Call 10/15/21)(a)

     200       218,125  
   

 

 

  
      4,455,634  
Ghana — 0.1%            

Tullow Oil PLC, 7.00%, 03/01/25 (Call 03/01/21)(a)

     400       402,500  
   

 

 

  
India — 2.1%            

ABJA Investment Co. Pte Ltd.

    

5.45%, 01/24/28(a)

     600       579,462  

5.95%, 07/31/24(a)

     425       446,516  

Axis Bank Ltd./Dubai

    

2.88%, 06/01/21(a)

     200       199,438  

3.00%, 08/08/22(a)

     400       397,750  

Bharti Airtel International Netherlands BV

    

5.13%, 03/11/23(a)

     400       419,250  

5.35%, 05/20/24(a)

     600       638,566  

Bharti Airtel Ltd., 4.38%, 06/10/25(a)

     600       608,062  

Delhi International Airport Ltd., 6.13%, 10/31/26(a)

     200       212,438  

Greenko Dutch BV, 5.25%, 07/24/24
(Call 07/24/20)(a)

     400       402,125  

ICICI Bank Ltd./Dubai, 3.25%, 09/09/22(a)

     500       502,031  

ICICI Bank Ltd./Hong Kong, 5.75%, 11/16/20(a)

     200       206,887  

JSW Steel Ltd.

    

5.25%, 04/13/22(a)

     400       408,125  

5.95%, 04/18/24(a)

     200       207,000  

Vedanta Resources Finance II PLC, 9.25%, 04/23/26 (Call 04/23/23)(a)

     400       412,500  

Vedanta Resources Ltd.

    

6.13%, 08/09/24 (Call 08/09/21)(a)

     400       375,750  

6.38%, 07/30/22(a)

     600       598,500  

7.13%, 05/31/23(a)

     300       300,937  

8.25%, 06/07/21(a)

     400       422,375  
   

 

 

  
      7,337,712  
Israel — 2.0%            

Teva Pharmaceutical Finance Co. BV, 2.95%, 12/18/22

     350       313,633  

Teva Pharmaceutical Finance Netherlands III BV

    

2.20%, 07/21/21

     1,751       1,650,318  

2.80%, 07/21/23

     1,575       1,366,066  

3.15%, 10/01/26

     2,000       1,570,000  
 

 

 

2

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

iShares® Emerging Markets High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Israel (continued)  

4.10%, 10/01/46

   $   1,100     $ 732,531  

6.00%, 04/15/24 (Call 01/15/24)

     600       556,620  

6.75%, 03/01/28 (Call 12/01/27)

     600       537,000  
   

 

 

  
        6,726,168  
Jamaica — 0.3%  

Digicel Group One Ltd., 8.25%, 12/30/22
(Call 12/30/20)(a)

     513       309,147  

Digicel Group Two Ltd., 8.25%, 09/30/22
(Call 09/30/20)(a)

     487       92,226  

Digicel Ltd.

    

6.00%, 04/15/21 (Call 08/30/19)(a)

     650       446,875  

6.75%, 03/01/23 (Call 08/15/19)(a)

     600       288,562  
   

 

 

  
      1,136,810  
Kazakhstan — 1.1%  

Development Bank of Kazakhstan JSC, 4.13%, 12/10/22(a)

     750       768,000  

Halyk Savings Bank of Kazakhstan JSC

    

5.50%, 12/21/22 (Call 09/02/19)(a)

     147       146,983  

7.25%, 01/28/21(a)

     400       420,750  

Kazakhstan Temir Zholy Finance BV, 6.95%, 07/10/42(a)

     600       768,000  

KazMunayGas National Co. JSC

    

3.88%, 04/19/22(a)

     200       205,100  

4.75%, 04/19/27(a)

     600       648,600  

5.75%, 04/19/47(a)

     600       687,000  

Nostrum Oil & Gas Finance BV, 8.00%, 07/25/22 (Call 08/12/19)(a)

     400       247,625  
   

 

 

  
      3,892,058  
Mexico — 9.1%  

Axtel SAB de CV, 6.38%, 11/14/24
(Call 11/14/20)(a)

     200       206,750  

Banco Mercantil del Norte SA/Grand Cayman, 5.75%, 10/04/31 (Call 10/04/26)(a)(b)

     200       195,578  

Banco Nacional de Comercio Exterior SNC,
3.49%, 08/11/26 (Call 08/11/21)(a)(b)

     400       404,750  

BBVA Bancomer SA/Texas

    

5.13%, 01/18/33 (Call 01/17/28)(a)(b)

     600       576,750  

6.50%, 03/10/21(a)

     600       629,400  

6.75%, 09/30/22(a)

     800       862,000  

Cemex Finance LLC, 6.00%, 04/01/24 (Call 08/30/19)(a)

     650       667,062  

Cemex SAB de CV

    

5.70%, 01/11/25 (Call 01/11/20)(a)

     500       513,859  

6.13%, 05/05/25 (Call 05/05/20)(a)

     400       413,763  

7.75%, 04/16/26 (Call 04/16/21)(a)

     600       648,000  

Credito Real SAB de, 7.25%, 07/20/23 (Call 07/20/20)(a)

     400       419,438  

Petroleos Mexicanos

    

4.50%, 01/23/26

     200       183,200  

4.63%, 09/21/23

     2,300       2,260,181  

4.88%, 01/24/22

     400       403,120  

5.35%, 02/12/28

     200       184,300  

5.38%, 03/13/22

     2,000       2,025,750  

5.50%, 01/21/21

     2,000       2,045,000  

5.63%, 01/23/46

     500       407,813  

6.35%, 02/12/48

     2,500       2,193,750  

6.38%, 02/04/21

     1,000       1,032,000  

6.38%, 01/23/45

     2,000       1,756,000  

6.50%, 03/13/27

     3,500       3,480,715  

6.50%, 01/23/29

     1,500       1,463,531  

6.50%, 06/02/41

     2,800       2,503,144  

6.75%, 09/21/47

     3,800       3,445,531  

6.88%, 08/04/26

     2,200       2,242,570  
   

 

 

  
      31,163,955  
Oman — 0.6%  

Bank Muscat SAOG, 3.75%, 05/03/21(a)

     400       397,500  
Security   Par
(000)		     Value  
Oman (continued)            

Lamar Funding Ltd., 3.96%, 05/07/25(a)

   $   600     $   552,375  

National Bank of Oman SAOG, 5.63%, 09/25/23(a)

     200       206,062  

Oztel Holdings SPC Ltd.

    

5.63%, 10/24/23(a)

     400       415,375  

6.63%, 04/24/28(a)

     500       512,344  
   

 

 

  
      2,083,656  
Panama — 0.2%            

C&W Senior Financing DAC

    

6.88%, 09/15/27 (Call 09/15/22)(a)

     600       625,530  

7.50%, 10/15/26 (Call 10/15/21)(a)

     200       212,500  
   

 

 

  
      838,030  
Russia — 2.2%            

Alfa Bank AO Via Alfa Bond Issuance PLC, 7.75%, 04/28/21(a)

     600       644,062  

Credit Bank of Moscow Via CBOM Finance PLC

    

5.55%, 02/14/23(a)

     400       398,500  

7.12%, 06/25/24(a)

     400       417,250  

7.50%, 10/05/27 (Call 10/05/22)(a)(b)

     200       177,250  

Evraz PLC

    

5.25%, 04/02/24(a)

     200       211,500  

5.38%, 03/20/23(a)

     500       527,500  

6.75%, 01/31/22(a)

     400       429,000  

8.25%, 01/28/21(a)

     350       375,900  

GTLK Europe DAC, 5.13%, 05/31/24(a)

     400       409,000  

Metalloinvest Finance DAC,
4.85%, 05/02/24(a)

     400       414,625  

Polyus Finance PLC, 5.25%, 02/07/23(a)

     400       419,000  

Sberbank of Russia Via SB Capital SA, 5.13%, 10/29/22(a)

     1,100       1,142,625  

VEON Holdings BV

    

3.95%, 06/16/21 (Call 03/16/21)(a)

     200       201,313  

4.95%, 06/16/24 (Call 03/16/24)(a)

     400       422,000  

5.95%, 02/13/23(a)

     400       430,200  

VTB Bank OJSC Via VTB Capital SA,
6.95%, 10/17/22(a)

     800       850,000  
   

 

 

  
      7,469,725  
South Africa — 1.7%            

AngloGold Ashanti Holdings PLC, 5.13%, 08/01/22

     445       466,694  

Eskom Holdings SOC Ltd.

    

5.75%, 01/26/21(a)

     1,000       1,004,000  

6.35%, 08/10/28(a)

     500       536,037  

6.75%, 08/06/23(a)

     617       634,307  

7.13%, 02/11/25(a)

     660       686,070  

8.45%, 08/10/28(a)

     200       220,226  

FirstRand Bank Ltd., 6.25%, 04/23/28
(Call 04/23/23)(a)(b)

     200       210,438  

Gold Fields Orogen Holdings BVI Ltd.

    

4.88%, 10/07/20(a)

     200       203,375  

5.13%, 05/15/24 (Call 04/15/24)(a)

     400       418,000  

6.13%, 05/15/29 (Call 02/15/29)(a)

     400       436,000  

MTN Mauritius Investment Ltd., 4.76%, 11/11/24(a)

     400       405,875  

Transnet SOC Ltd., 4.00%, 07/26/22(a)

     471       471,883  
   

 

 

  
      5,692,905  
South Korea — 0.1%            

Woori Bank, 5.00%, 06/10/45
(Call 06/10/20)(a)(b)

     200       202,750  
   

 

 

  
Turkey — 3.7%            

Akbank Turk AS

    

5.00%, 10/24/22(a)

     300       290,940  

5.13%, 03/31/25(a)

     200       185,875  

7.20%, 03/16/27 (Call 03/16/22)(a)(b)

     200       178,875  

KOC Holding AS

    

5.25%, 03/15/23 (Call 12/15/22)(a)

     400       394,460  

6.50%, 03/11/25 (Call 12/11/24)(a)

     400       405,250  
 

 

 

3

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

iShares® Emerging Markets High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Turkey (continued)  

QNB Finansbank AS

    

4.88%, 05/19/22(a)

   $   488     $ 478,240  

6.88%, 09/07/24(a)

     200       206,437  

TC Ziraat Bankasi AS

    

4.75%, 04/29/21(a)

     200       194,000  

5.13%, 05/03/22(a)

     370       349,881  

5.13%, 09/29/23(a)

     200       183,250  

Turk Telekomunikasyon AS

    

4.88%, 06/19/24(a)

     200       191,250  

6.88%, 02/28/25(a)

     400       408,500  

Turkcell Iletisim Hizmetleri AS

    

5.75%, 10/15/25(a)

     400       391,750  

5.80%, 04/11/28 (Call 01/11/28)(a)

     200       188,000  

Turkiye Garanti Bankasi AS

    

5.25%, 09/13/22(a)

     400       394,250  

5.88%, 03/16/23(a)

     400       395,255  

6.13%, 05/24/27 (Call 05/24/22)(a)(b)

     400       344,040  

6.25%, 04/20/21(a)

     200         203,750  

Turkiye Halk Bankasi AS

    

4.75%, 02/11/21(a)

     200       186,000  

5.00%, 07/13/21(a)

     300       277,594  

Turkiye Is Bankasi AS

    

5.00%, 06/25/21(a)

     200       195,500  

5.38%, 10/06/21(a)

     500       489,945  

5.50%, 04/21/22(a)

     400       390,000  

6.00%, 10/24/22(a)

     650       612,625  

6.13%, 04/25/24(a)

     700       653,555  

7.00%, 06/29/28 (Call 06/29/23)(a)(b)

     200       168,000  

Turkiye Sise ve Cam Fabrikalari AS, 6.95%, 03/14/26 (Call 12/14/25)(a)

     400       404,000  

Turkiye Vakiflar Bankasi TAO

    

5.50%, 10/27/21(a)

     400       388,960  

5.63%, 05/30/22(a)

     400       381,000  

5.75%, 01/30/23(a)

     300       280,905  

6.00%, 11/01/22(a)

     200       185,938  

6.88%, 02/03/25 (Call 02/03/20)(a)(b)

     200       183,375  

8.13%, 03/28/24(a)

     400       394,625  

Yapi ve Kredi Bankasi AS

    

5.50%, 12/06/22(a)

     600       567,937  

5.75%, 02/24/22(a)

     400       393,000  

5.85%, 06/21/24(a)

     200       187,625  

6.10%, 03/16/23(a)

     200       192,958  

8.25%, 10/15/24(a)

     200       204,770  

8.50%, 03/09/26 (Call 03/09/21)(a)(b)

     400       387,750  
   

 

 

  
      12,510,065  
Ukraine — 0.4%  

Metinvest BV

    

7.75%, 04/23/23 (Call 01/23/23)(a)

     600       627,000  

8.50%, 04/23/26 (Call 01/23/26)(a)

     400       424,960  

MHP SE, 7.75%, 05/10/24(a)

     200       212,980  
   

 

 

  
      1,264,940  
United Arab Emirates — 0.4%  

DAE Funding LLC

    

4.50%, 08/01/22 (Call 08/30/19)(a)

     600       611,934  

5.00%, 08/01/24 (Call 08/01/20)(a)

     700       740,915  
   

 

 

  
      1,352,849  
   

 

 

  

Total Corporate Bonds & Notes — 48.7%
(Cost: $164,592,826)

.

 

 

     166,951,633  
   

 

 

  
Security   Par
(000)		     Value  

Foreign Government Obligations(c)

 

Argentina — 5.7%        

Argentine Republic Government International Bond

 

4.63%, 01/11/23

   $ 900     $ 753,469  

5.63%, 01/26/22

     1,628       1,408,220  

5.88%, 01/11/28

       2,350       1,860,172  

6.63%, 07/06/28

     480       386,550  

6.88%, 04/22/21

     2,425       2,184,925  

6.88%, 01/26/27

     2,024       1,672,330  

6.88%, 01/11/48

     1,650       1,252,453  

7.13%, 07/06/36

     920       724,500  

7.13%, 06/28/17

     1,531       1,175,521  

7.50%, 04/22/26

     3,455       2,968,061  

7.63%, 04/22/46

     1,431       1,151,061  

8.28%, 12/31/33

     743       622,097  

Series NY, 3.75%, 12/31/38(d)

     2,750       1,653,617  

Series NY, 8.28%, 12/31/33

     2,078       1,798,613  
   

 

 

  
        19,611,589  
Azerbaijan — 0.3%        

State Oil Co. of the Azerbaijan Republic

    

4.75%, 03/13/23(a)

     550       574,922  

6.95%, 03/18/30(a)

     400       478,625  
   

 

 

  
      1,053,547  
Bahrain — 1.7%        

Bahrain Government International Bond

    

5.88%, 01/26/21(a)

     350       361,813  

6.00%, 09/19/44(a)

     600       591,375  

6.13%, 07/05/22(a)

     1,000       1,065,000  

6.13%, 08/01/23(a)

     800       862,000  

6.75%, 09/20/29(a)

     600       667,500  

7.00%, 01/26/26(a)

     600       675,750  

7.00%, 10/12/28(a)

     800       906,250  

7.50%, 09/20/47(a)

     600       681,562  
   

 

 

  
      5,811,250  
Brazil — 5.6%        

Banco Nacional de Desenvolvimento Economico e Social, 5.75%, 09/26/23(a)

     600       653,978  

Brazilian Government International Bond

    

2.63%, 01/05/23

     1,100       1,095,875  

4.25%, 01/07/25

     2,348       2,479,341  

4.50%, 05/30/29 (Call 02/28/29)

     800       833,250  

4.63%, 01/13/28 (Call 10/13/27)

     1,500       1,592,812  

4.88%, 01/22/21

     1,511       1,571,440  

5.00%, 01/27/45

     1,826       1,890,481  

5.63%, 01/07/41

     1,367       1,526,341  

5.63%, 02/21/47

     1,700       1,893,906  

6.00%, 04/07/26

     1,214       1,401,411  

7.13%, 01/20/37

     1,060       1,358,456  

8.25%, 01/20/34

     750       1,035,234  

8.75%, 02/04/25

     400       516,625  

8.88%, 04/15/24

     520       661,213  

10.13%, 05/15/27

     500       714,688  
   

 

 

  
      19,225,051  
Costa Rica — 0.6%        

Costa Rica Government International Bond

    

4.25%, 01/26/23(a)

     600       593,625  

4.38%, 04/30/25(a)

     200       194,750  

5.63%, 04/30/43(a)

     200       178,188  
 

 

 

4

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

iShares® Emerging Markets High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Costa Rica (continued)            

7.00%, 04/04/44(a)

   $ 462     $ 472,539  

7.16%, 03/12/45(a)

     600       623,625  
   

 

 

  
      2,062,727  
Croatia — 0.8%            

Croatia Government International Bond

    

5.50%, 04/04/23(a)

       800       880,500  

6.00%, 01/26/24(a)

     900         1,026,844  

6.38%, 03/24/21(a)

     806       855,367  
   

 

 

  
      2,762,711  
Dominican Republic — 2.5%            

Dominican Republic International Bond

    

5.50%, 01/27/25(a)

     800       852,250  

5.88%, 04/18/24(a)

     640       686,000  

5.95%, 01/25/27(a)

     1,075       1,171,414  

6.00%, 07/19/28(a)

     650       711,141  

6.40%, 06/05/49(a)

     600       642,563  

6.50%, 02/15/48(a)

     450       485,156  

6.60%, 01/28/24(a)

     313       348,310  

6.85%, 01/27/45(a)

     1,190       1,327,966  

6.88%, 01/29/26(a)

     803       913,412  

7.45%, 04/30/44(a)

     850       1,005,125  

7.50%, 05/06/21(a)

     400       422,250  
   

 

 

  
      8,565,587  
Ecuador — 2.7%            

Ecuador Government International Bond

    

7.88%, 01/23/28(a)

     1,900       1,850,719  

7.95%, 06/20/24(a)

     1,145       1,183,644  

8.75%, 06/02/23(a)

     500       536,250  

8.88%, 10/23/27(a)

     1,300       1,340,300  

9.63%, 06/02/27(a)

     600       637,500  

9.65%, 12/13/26(a)

     1,044       1,120,342  

10.75%, 03/28/22(a)

     1,562       1,726,010  

10.75%, 01/31/29(a)

     800       890,000  
   

 

 

  
      9,284,765  
Egypt — 2.9%            

Egypt Government International Bond

    

5.58%, 02/21/23(a)

     600       622,500  

5.88%, 06/11/25(a)

     800       831,000  

6.13%, 01/31/22(a)

     1,300       1,361,750  

6.20%, 03/01/24(a)

     400       425,500  

6.59%, 02/21/28(a)

     614       631,652  

6.88%, 04/30/40(a)

     350       342,125  

7.50%, 01/31/27(a)

     1,200       1,311,000  

7.60%, 03/01/29(a)

     1,100       1,178,375  

7.90%, 02/21/48(a)

     800       830,000  

8.50%, 01/31/47(a)

     1,200       1,311,000  

8.70%, 03/01/49(a)

     800       874,000  
   

 

 

  
      9,718,902  
El Salvador — 0.9%            

El Salvador Government International Bond

    

5.88%, 01/30/25(a)

     500       513,594  

6.38%, 01/18/27(a)

     500       516,094  

7.63%, 02/01/41(a)

     350       377,344  

7.65%, 06/15/35(a)

     500       543,594  

7.75%, 01/24/23(a)

     400       440,625  

8.25%, 04/10/32(a)

     200       227,562  

8.63%, 02/28/29(a)

     400       467,500  
   

 

 

  
      3,086,313  
Security   Par
(000)		     Value  
Ghana — 1.3%            

Ghana Government International Bond

    

7.63%, 05/16/29(a)

   $   800     $   816,500  

7.88%, 08/07/23(a)

     400       437,500  

8.13%, 01/18/26(a)

     570       615,066  

8.13%, 03/26/32(a)

     700       712,031  

8.63%, 06/16/49(a)

     600       609,188  

8.95%, 03/26/51(a)

     500       517,031  

10.75%, 10/14/30(a)

     500       633,750  
   

 

 

  
      4,341,066  
Guatemala — 0.6%            

Guatemala Government Bond

    

4.38%, 06/05/27(a)

     200       201,813  

4.50%, 05/03/26(a)

     400       407,125  

4.88%, 02/13/28(a)

     400       418,500  

4.90%, 06/01/30 (Call 03/01/30)(a)

     200       207,687  

5.75%, 06/06/22(a)

     400       425,750  

6.13%, 06/01/50 (Call 12/01/49)(a)

     400       433,000  
   

 

 

  
      2,093,875  
Ivory Coast — 0.4%            

Ivory Coast Government International Bond

    

5.38%, 07/23/24(a)

     200       204,000  

6.13%, 06/15/33(a)

     800       755,250  

6.38%, 03/03/28(a)

     500       501,875  
   

 

 

  
      1,461,125  
Jamaica — 0.9%            

Jamaica Government International Bond

    

6.75%, 04/28/28

     900       1,044,562  

7.63%, 07/09/25

     500       585,469  

7.88%, 07/28/45

     500       634,844  

8.00%, 03/15/39

     700       890,969  
   

 

 

  
      3,155,844  
Jordan — 0.5%            

Jordan Government International Bond

    

5.75%, 01/31/27(a)

     400       409,500  

6.13%, 01/29/26(a)

     600       631,500  

7.38%, 10/10/47(a)

     600       636,375  
   

 

 

  
      1,677,375  
Lebanon — 2.2%            

Lebanon Government International Bond

    

6.00%, 01/27/23(a)

     700       579,469  

6.10%, 10/04/22(a)

     800       675,500  

6.20%, 02/26/25(a)

     350       276,281  

6.25%, 05/27/22

     300       256,500  

6.25%, 11/04/24(a)

     335       264,127  

6.40%, 05/26/23

     300       248,250  

6.60%, 11/27/26(a)

     750       583,360  

6.65%, 04/22/24(a)

     420       340,987  

6.65%, 11/03/28(a)

     500       384,219  

6.65%, 02/26/30(a)

     790       594,722  

6.75%, 11/29/27(a)

     600       460,312  

6.85%, 03/23/27(a)

     600       467,625  

6.85%, 05/25/29

     600       455,250  

7.00%, 03/23/32(a)

     500       385,312  

7.05%, 11/02/35(a)

     300       226,031  

7.25%, 03/23/37(a)

     400       303,875  

8.25%, 04/12/21(a)

     1,056       988,020  
   

 

 

  
      7,489,840  
 

 

 

5

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

iShares® Emerging Markets High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Morocco — 0.4%            

Morocco Government International Bond

    

4.25%, 12/11/22(a)

   $ 890     $ 927,825  

5.50%, 12/11/42(a)

     400       466,750  
   

 

 

  
        1,394,575  
Nigeria — 1.8%            

Nigeria Government International Bond

    

6.38%, 07/12/23(a)

     200       213,000  

6.50%, 11/28/27(a)

     800       819,750  

6.75%, 01/28/21(a)

     400       416,000  

7.14%, 02/23/30(a)

     714       737,205  

7.63%, 11/21/25(a)

     500       556,563  

7.63%, 11/28/47(a)

     700       703,937  

7.70%, 02/23/38(a)

     800       826,500  

7.88%, 02/16/32(a)

     800       850,000  

8.75%, 01/21/31(a)

     400       452,125  

9.25%, 01/21/49(a)

     500       572,031  
   

 

 

  
      6,147,111  
Pakistan — 0.5%            

Pakistan Government International Bond

    

6.88%, 12/05/27(a)

     800       831,000  

8.25%, 04/15/24(a)

     427       476,372  

8.25%, 09/30/25(a)

     400       447,000  
   

 

 

  
      1,754,372  
Senegal — 0.4%            

Senegal Government International Bond

    

6.25%, 07/30/24(a)

     200       218,063  

6.25%, 05/23/33(a)

     900       892,406  

6.75%, 03/13/48(a)

     400       384,875  
   

 

 

  
      1,495,344  
Serbia — 0.3%            

Serbia International Bond, 7.25%, 09/28/21(a)

     850       926,500  
   

 

 

  
South Africa — 2.4%            

Republic of South Africa Government International Bond

    

4.30%, 10/12/28

     1,000       967,812  

4.67%, 01/17/24

     900       930,375  

4.85%, 09/27/27

     600       605,812  

4.88%, 04/14/26

     700       716,844  

5.00%, 10/12/46

     500       473,125  

5.38%, 07/24/44

     700       684,906  

5.65%, 09/27/47

     800       803,750  

5.88%, 05/30/22

     450       479,813  

5.88%, 09/16/25

     1,086       1,177,631  

5.88%, 06/22/30

     800       852,000  

6.25%, 03/08/41

     400       436,625  

6.30%, 06/22/48

     200       214,688  
   

 

 

  
      8,343,381  
Sri Lanka — 2.1%            

Sri Lanka Government International Bond

    

5.75%, 01/18/22(a)

     200       201,500  

5.75%, 04/18/23(a)

     700       700,875  

5.88%, 07/25/22(a)

     562       566,039  

6.13%, 06/03/25(a)

     300       296,250  

6.20%, 05/11/27(a)

     800       773,000  

6.25%, 10/04/20(a)

     300       304,125  

6.25%, 07/27/21(a)

     778       790,400  

6.75%, 04/18/28(a)

     600       588,000  

6.83%, 07/18/26(a)

     400       405,750  

6.85%, 03/14/24(a)

     700       720,125  
Security   Par
(000)		     Value  
Sri Lanka (continued)            

6.85%, 11/03/25(a)

   $  1,000     $ 1,018,125  

7.85%, 03/14/29(a)

     700       728,656  
   

 

 

  
      7,092,845  
Trinidad And Tobago — 0.2%            

Trinidad & Tobago Government International Bond

    

4.38%, 01/16/24(a)

     400       408,000  

4.50%, 08/04/26(a)

     400       400,875  
   

 

 

  
      808,875  
Turkey — 8.2%            

Export Credit Bank of Turkey

    

5.00%, 09/23/21(a)

     250       243,413  

5.38%, 02/08/21(a)

     200       197,500  

5.38%, 10/24/23(a)

     400       380,750  

Turkey Government International Bond

    

3.25%, 03/23/23

     700       648,375  

4.25%, 04/14/26

     700       623,875  

4.88%, 10/09/26

     1,660       1,517,863  

4.88%, 04/16/43

     1,529       1,204,088  

5.13%, 03/25/22

     549       549,686  

5.13%, 02/17/28

     1,200       1,097,250  

5.63%, 03/30/21

     1,086       1,107,720  

5.75%, 03/22/24

     1,250       1,235,938  

5.75%, 05/11/47

     1,976       1,670,337  

6.00%, 03/25/27

     1,921       1,863,970  

6.00%, 01/14/41

     1,703       1,497,043  

6.13%, 10/24/28

     1,000       966,250  

6.25%, 09/26/22

     1,383       1,409,363  

6.35%, 08/10/24

     400       400,668  

6.63%, 02/17/45

     1,479       1,388,411  

6.75%, 05/30/40

     1,075       1,030,320  

6.88%, 03/17/36

     1,491       1,461,180  

7.25%, 12/23/23

     1,200       1,261,875  

7.25%, 03/05/38

     600       610,125  

7.38%, 02/05/25

     2,070       2,183,203  

7.63%, 04/26/29

     1,500       1,577,344  

8.00%, 02/14/34

     813       880,073  

11.88%, 01/15/30

     800       1,087,000  
   

 

 

  
      28,093,620  
Ukraine — 2.8%            

Ukraine Government International Bond

    

7.38%, 09/25/32(a)

     1,600       1,626,500  

7.75%, 09/01/20(a)

     500       516,562  

7.75%, 09/01/21(a)

     850       889,950  

7.75%, 09/01/22(a)

     800       848,400  

7.75%, 09/01/23(a)

     775       828,475  

7.75%, 09/01/24(a)

     718       766,465  

7.75%, 09/01/25(a)

     736       778,688  

7.75%, 09/01/26(a)

     700       738,500  

7.75%, 09/01/27(a)

     748       790,543  

8.99%, 02/01/24(a)

     500       555,500  

9.75%, 11/01/28(a)

     700       816,812  

Ukreximbank Via Biz Finance PLC,
9.75%, 01/22/25(a)

     250       265,625  
   

 

 

  
      9,422,020  
Venezuela — 0.5%            

Venezuela Government International Bond

    

3.49%, 05/07/23(a)(e)(f)

     1,037       145,180  

3.49%, 10/13/24(a)(e)(f)

     1,230       172,200  

6.00%, 12/09/20(a)(e)(f)

     640       89,600  

7.00%, 03/31/38(a)(e)(f)

     600       84,000  
 

 

 

6

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

iShares® Emerging Markets High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security   Par/
Shares
(000)		     Value  
Venezuela (continued)            

7.65%, 04/21/25(a)(e)(f)

   $ 658     $ 92,120  

9.25%, 09/15/27(e)(f)

     1,962       274,680  

9.25%, 05/07/28(a)(e)(f)

     892       124,880  

9.38%, 01/13/34(e)(f)

     730       102,200  

11.75%, 10/21/26(a)(e)(f)

     1,435       200,900  

11.95%, 08/05/31(a)(e)(f)

     2,030       284,200  

12.75%, 08/23/22(a)(e)(f)

     1,430       200,200  
   

 

 

  
      1,770,160  
Vietnam — 0.2%            

Vietnam Government International Bond, 4.80%, 11/19/24(a)

     600       652,149  
   

 

 

  

Total Foreign Government Obligations — 49.4%
(Cost: $176,848,082)

 

     169,302,519  
   

 

 

  

Short-Term Investments

    

Money Market Funds — 1.4%

    

BlackRock Cash Funds: Treasury,
SL Agency Shares,
    2.25%(g)(h)

     4,684       4,684,000  
   

 

 

  

Total Short-Term Investments — 1.4%
(Cost: $4,684,000)

 

     4,684,000  
   

 

 

  

Total Investments in Securities — 99.5%
(Cost: $346,124,908)

 

     340,938,152  

Other Assets, Less Liabilities — 0.5%

 

     1,663,184  
   

 

 

  

Net Assets — 100.0%

 

   $  342,601,336  
   

 

 

  

 

 

(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.

(c) 

U.S. dollar denominated security issued by foreign domiciled entity.

(d) 

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

(e) 

Issuer filed for bankruptcy and/or is in default.

(f) 

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

(g) 

Affiliate of the Fund.

(h) 

Annualized 7-day yield as of period-end.

 

 

Affiliates

Investments in issuers considered to be affiliates of the Fund during the nine months ended July 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
07/31/19
(000)		      Value at
07/31/19		      Income      Net Realized
Gain (Loss)		      Change in
Unrealized
Appreciation
(Depreciation)		  

 

  

BlackRock Cash Funds: Treasury,
SL Agency Shares

     3,376        1,308        4,684      $ 4,684,000      $ 35,512      $ —      $ —  
          

 

 

     

 

 

     

 

 

     

 

 

  

Fair Value Measurements

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

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of July 31, 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

   $ —        $ 166,951,633        $ —        $ 166,951,633  

Foreign Government Obligations

      —          167,532,359          1,770,160          169,302,519  

Money Market Funds

     4,684,000          —          —          4,684,000  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $    4,684,000        $ 334,483,992        $    1,770,160        $ 340,938,152  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

 

7