Schedule of Investments  (unaudited)  July 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 — 0.1%
FMG Resources August 2006 Pty Ltd.
4.75%, 05/15/22 (Call 02/15/22)(a)	USD		100	$	102,758
5.13%, 03/15/23 (Call 12/15/22)(a)	USD		50		52,086
5.13%, 05/15/24 (Call 02/15/24)(a)	USD		100		104,320
					259,164
Austria — 0.2%
Novomatic AG, 1.63%, 09/20/23	EUR		100		111,504
Raiffeisenlandesbank Niederoesterreich-Wien AG, 5.88%, 11/27/23(b)	EUR		100		126,290
Wienerberger AG, 2.00%, 05/02/24(b)	EUR		50		58,818
					296,612
Belgium — 0.2%
Telenet Finance Luxembourg Note SARL, 5.50%, 03/01/28 (Call 12/01/22)(a)	USD		200		203,525
Telenet Finance Luxembourg Notes Sarl, 3.50%, 03/01/28 (Call 12/01/22)(b)	EUR		100		117,408
					320,933
Brazil — 0.6%
JBS Investments GmbH, 6.25%, 02/05/23 (Call 09/02/19)(a)	USD		200		204,032
JBS Investments II GmbH, 7.00%, 01/15/26 (Call 01/15/22)(a)	USD		200		213,842
JBS USA LUX SA/JBS USA Finance Inc.
5.75%, 06/15/25 (Call 06/15/20)(a)	USD		175		180,995
5.88%, 07/15/24 (Call 09/03/19)(a)	USD		110		113,333
6.75%, 02/15/28 (Call 02/15/23)(a)(c)	USD		175		188,052
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance Inc., 6.50%, 04/15/29 (Call 04/15/24)(a)	USD		215		231,061
					1,131,315
Canada — 3.2%
1011778 BC ULC/New Red Finance Inc.
4.25%, 05/15/24 (Call 05/15/20)(a)(c)	USD		300		306,375
4.63%, 01/15/22 (Call 09/03/19)(a)	USD		225		225,787
5.00%, 10/15/25 (Call 10/15/20)(a)	USD		400		408,000
Air Canada
4.75%, 10/06/23 (Call 10/06/19)(a)	CAD		25		19,706
7.75%, 04/15/21(a)	USD		50		53,875
Baytex Energy Corp., 6.63%, 07/19/22 (Call 08/30/19)	CAD		50		38,112
Bombardier Inc.
5.75%, 03/15/22(a)	USD		75		76,597
6.00%, 10/15/22 (Call 09/03/19)(a)	USD		200		200,250
6.13%, 01/15/23(a)(c)	USD		175		177,810
7.50%, 12/01/24 (Call 12/01/20)(a)	USD		175		181,435
7.50%, 03/15/25 (Call 03/15/20)(a)	USD		225		228,780
7.88%, 04/15/27 (Call 04/15/22)(a)	USD		290		292,926
8.75%, 12/01/21(a)	USD		175		191,461
Brookfield Residential Properties Inc.
6.13%, 05/15/23 (Call 08/30/19)(a)	CAD		50		38,957
6.50%, 12/15/20 (Call 09/03/19)(a)	USD		50		50,159
Brookfield Residential Properties Inc./Brookfield Residential U.S. Corp., 6.13%, 07/01/22 (Call 09/03/19)(a)	USD		75		76,281
Cascades Inc., 5.50%, 07/15/21 (Call 08/30/19)(a)	CAD		25		19,305
CES Energy Solutions Corp., 6.38%, 10/21/24 (Call 10/21/20)	CAD		50		36,803
Cott Corp., 5.50%, 07/01/24 (Call 08/12/19)(b)	EUR		100		115,891
Crew Energy Inc., 6.50%, 03/14/24 (Call 03/14/20)(a)	CAD		50		32,472

Security		Par (000)		Value
Canada (continued)
GFL Environmental Inc.
5.38%, 03/01/23 (Call 03/01/20)(a)(c)	USD		75	$	75,937
7.00%, 06/01/26 (Call 06/01/21)(a)	USD		50		51,795
8.50%, 05/01/27 (Call 05/01/22)(a)(c)	USD		75		82,125
Gibson Energy Inc.
5.25%, 07/15/24 (Call 07/15/20)(b)	CAD		100		80,582
5.38%, 07/15/22 (Call 08/30/19)(a)	CAD		50		38,676
Iron Mountain Canada Operations ULC, 5.38%, 09/15/23 (Call 09/15/19)(a)	CAD		25		19,476
MEG Energy Corp.
6.38%, 01/30/23 (Call 09/03/19)(a)	USD		100		95,568
6.50%, 01/15/25 (Call 01/15/20)(a)	USD		100		100,000
7.00%, 03/31/24 (Call 09/03/19)(a)	USD		150		143,250
NOVA Chemicals Corp.
4.88%, 06/01/24 (Call 03/03/24)(a)	USD		140		145,302
5.00%, 05/01/25 (Call 01/31/25)(a)	USD		75		77,257
5.25%, 08/01/23 (Call 09/03/19)(a)	USD		75		76,318
5.25%, 06/01/27 (Call 03/03/27)(a)	USD		175		183,641
NuVista Energy Ltd., 6.50%, 03/02/23 (Call 03/02/20)	CAD		50		36,994
Open Text Corp.
5.63%, 01/15/23 (Call 09/03/19)(a)	USD		125		128,437
5.88%, 06/01/26 (Call 06/01/21)(a)	USD		100		106,721
Parkland Fuel Corp.
5.63%, 05/09/25 (Call 05/09/20)	CAD		100		78,271
5.75%, 09/16/24 (Call 09/16/19)(a)	CAD		25		19,609
5.75%, 09/16/24 (Call 09/16/19)	CAD		50		39,219
5.88%, 07/15/27 (Call 07/15/22)(a)	USD		55		56,513
6.00%, 11/21/22 (Call 08/30/19)	CAD		50		39,028
Postmedia Network Inc., 8.25%, 07/15/21 (Call 08/30/19)(a)	CAD		1		447
Quebecor Media Inc.
5.75%, 01/15/23	USD		125		133,281
6.63%, 01/15/23(a)	CAD		75		61,541
Russel Metals Inc., 6.00%, 04/19/22 (Call 08/30/19)(a)	CAD		25		19,279
Seven Generations Energy Ltd.
5.38%, 09/30/25 (Call 09/30/20)(a)	USD		150		142,848
6.75%, 05/01/23 (Call 09/03/19)(a)	USD		50		51,100
6.88%, 06/30/23 (Call 09/03/19)(a)	USD		50		51,213
Stars Group Holdings BV/Stars Group US Co-Borrower LLC, 7.00%, 07/15/26 (Call 07/15/21)(a)(c)	USD		175		184,406
Superior Plus LP
5.13%, 08/27/25 (Call 02/27/21)	CAD		50		37,910
5.25%, 02/27/24 (Call 02/27/20)	CAD		50		38,374
Videotron Ltd.
5.00%, 07/15/22	USD		100		104,714
5.13%, 04/15/27 (Call 04/15/22)(a)	USD		75		78,623
5.38%, 06/15/24 (Call 03/15/24)(a)	USD		150		160,312
5.63%, 06/15/25 (Call 03/15/25)	CAD		50		40,970
5.75%, 01/15/26 (Call 09/15/20)(b)	CAD		75		60,149
					5,610,868
Denmark — 0.2%
DKT Finance ApS, 7.00%, 06/17/23 (Call 06/17/20)(b)	EUR		200		242,327
TDC AS, 6.88%, 02/23/23(b)	GBP		100		140,312
					382,639
Finland — 0.5%
Nokia OYJ
1.00%, 03/15/21 (Call 02/15/21)(b)	EUR		100		113,104
2.00%, 03/11/26 (Call 12/11/25)(b)	EUR		200		233,634

1

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

Security		Par (000)		Value
Finland (continued)
3.38%, 06/12/22	USD		100	$	101,563
4.38%, 06/12/27	USD		80		82,896
Teollisuuden Voima OYJ
2.00%, 05/08/24 (Call 02/08/24)(b)	EUR		100		117,127
2.13%, 02/04/25 (Call 11/04/24)(b)	EUR		100		117,616
2.50%, 03/17/21(b)	EUR		100		115,763
					881,703
France — 3.5%
Altice France SA/France
5.63%, 05/15/24 (Call 08/30/19)(b)	EUR		60		69,179
5.88%, 02/01/27 (Call 02/01/22)(b)	EUR		200		243,835
6.25%, 05/15/24 (Call 09/12/19)(a)(c)	USD		200		206,698
7.38%, 05/01/26 (Call 05/01/21)(a)	USD		800		852,000
8.13%, 02/01/27 (Call 02/01/22)(a)	USD		200		217,750
Banijay Group SAS, 4.00%, 07/01/22 (Call 08/30/19)(b)	EUR		100		113,842
Burger King France SAS, 6.00%, 05/01/24 (Call 05/01/20)(b)	EUR		100		118,713
Casino Guichard Perrachon SA
1.87%, 06/13/22 (Call 03/13/22)(b)	EUR		100		92,268
4.05%, 08/05/26 (Call 05/05/26)(b)	EUR		100		90,122
4.50%, 03/07/24 (Call 12/07/23)(b)	EUR		200		189,510
4.56%, 01/25/23(b)	EUR		100		96,733
5.98%, 05/26/21(b)	EUR		100		105,878
CMA CGM SA
5.25%, 01/15/25 (Call 10/15/20)(b)	EUR		100		85,245
6.50%, 07/15/22 (Call 08/12/19)(b)	EUR		100		96,871
7.75%, 01/15/21 (Call 08/12/19)(b)	EUR		100		103,367
Elis SA
1.75%, 04/11/24 (Call 01/11/24)(b)	EUR		100		116,351
1.88%, 02/15/23 (Call 11/15/22)(b)	EUR		100		116,721
Europcar Mobility Group, 4.13%, 11/15/24 (Call 11/15/20)(b)	EUR		100		116,517
Faurecia SE
2.63%, 06/15/25 (Call 06/15/21)(b)	EUR		100		116,015
3.13%, 06/15/26 (Call 06/15/22)(b)	EUR		100		117,311
3.63%, 06/15/23 (Call 08/12/19)(b)	EUR		100		113,269
Fnac Darty SA, 2.63%, 05/30/26 (Call 05/30/22)(b)	EUR		100		117,422
Getlink SE, 3.63%, 10/01/23 (Call 10/01/20)(b)	EUR		100		115,640
La Financiere Atalian SASU
4.00%, 05/15/24 (Call 05/15/20)(b)	EUR		100		77,938
5.13%, 05/15/25 (Call 05/15/21)(b)	EUR		100		77,303
Loxam SAS
2.88%, 04/15/26 (Call 04/15/22)(b)	EUR		125		137,642
3.25%, 01/14/25 (Call 07/15/21)(b)	EUR		125		140,098
5.75%, 07/15/27 (Call 07/15/22)(b)	EUR		100		112,467
6.00%, 04/15/25 (Call 04/15/20)(b)	EUR		100		116,611
Mobilux Finance SAS, 5.50%, 11/15/24 (Call 11/15/19)(b)	EUR		100		114,976
Nexans SA, 3.25%, 05/26/21 (Call 02/26/21)(b)	EUR		100		116,644
Orano SA
3.13%, 03/20/23 (Call 12/20/22)(b)	EUR		100		119,919
3.38%, 04/23/26 (Call 01/23/26)(b)	EUR		100		119,037
3.50%, 03/22/21(b)	EUR		200		234,445
4.88%, 09/23/24	EUR		150		195,805
Paprec Holding SA, 4.00%, 03/31/25 (Call 03/31/21)(b)	EUR		100		109,435
Rexel SA
2.63%, 06/15/24 (Call 03/15/20)(b)	EUR		100		113,962
2.75%, 06/15/26 (Call 03/15/22)(b)	EUR		125		145,408
SPCM SA, 2.88%, 06/15/23 (Call 08/12/19)(b)	EUR		100		112,239

Security		Par (000)		Value
France (continued)
SPIE SA
2.63%, 06/18/26 (Call 12/18/25)(b)	EUR		100	$	114,947
3.13%, 03/22/24 (Call 09/22/23)(b)	EUR		100		120,628
Tereos Finance Groupe I SA, 4.13%, 06/16/23 (Call 03/16/23)(b)	EUR		100		86,945
Vallourec SA
2.25%, 09/30/24(b)	EUR		100		82,461
6.63%, 10/15/22 (Call 10/15/20)(b)	EUR		100		103,962
					6,164,129
Germany — 2.9%
Adler Pelzer Holding GmbH, 4.13%, 04/01/24 (Call 04/01/20)(b)	EUR		100		101,555
ADLER Real Estate AG
1.50%, 12/06/21 (Call 11/06/21)(b)	EUR		100		114,247
1.50%, 04/17/22 (Call 03/17/22)(b)	EUR		100		114,308
3.00%, 04/27/26 (Call 02/27/26)(b)	EUR		100		119,725
BMBG Bond Finance SCA, 3.00%, 06/15/21 (Call 08/30/19)(b)	EUR		100		111,953
CBR Fashion Finance BV, 5.13%, 10/01/22 (Call 10/01/19)(b)	EUR		100		109,297
CeramTec BondCo GmbH, 5.25%, 12/15/25 (Call 12/15/20)(b)	EUR		100		112,887
Deutsche Bank AG
2.75%, 02/17/25(b)	EUR		225		254,095
4.30%, 05/24/28 (Call 05/24/23)(d)	USD		200		185,785
4.50%, 05/19/26(b)	EUR		100		121,451
Deutsche Bank AG/New York NY, 4.88%, 12/01/32 (Call 12/01/27)(d)	USD		200		179,020
Deutsche Lufthansa AG, 5.13%, 08/12/75 (Call 02/12/21)(b)(d)	EUR		100		117,920
Douglas GmbH, 6.25%, 07/15/22 (Call 08/12/19)(b)	EUR		100		105,973
Hapag-Lloyd AG, 5.13%, 07/15/24 (Call 07/15/20)(b)	EUR		100		117,804
K+S AG
2.63%, 04/06/23 (Call 01/06/23)(b)	EUR		100		118,892
3.25%, 07/18/24 (Call 04/18/24)(b)	EUR		100		120,881
4.13%, 12/06/21(b)	EUR		100		121,231
KME SE, 6.75%, 02/01/23 (Call 02/01/20)(b)	EUR		100		106,979
LANXESS AG, 4.50%, 12/06/76 (Call 06/06/23)(b)(d)	EUR		100		122,396
METRO AG, 1.50%, 03/19/25(b)	EUR		200		221,339
Nidda BondCo GmbH, 5.00%, 09/30/25 (Call 09/30/20)(b)	EUR		100		112,022
Nidda Healthcare Holding GmbH, 3.50%, 09/30/24 (Call 09/30/20)(b)	EUR		100		115,478
Platin 1426 GmbH, 5.38%, 06/15/23 (Call 12/15/19)(b)	EUR		100		112,113
RWE AG
2.75%, 04/21/75 (Call 10/21/20)(b)(d)	EUR		100		113,827
3.50%, 04/21/75 (Call 04/21/25)(b)(d)	EUR		50		59,407
Summit Properties Ltd., 2.00%, 01/31/25 (Call 01/31/21)(b)	EUR		100		107,655
Techem Verwaltungsgesellschaft 674 mbH, 6.00%, 07/30/26 (Call 07/30/21)(b)	EUR		100		118,840
Tele Columbus AG, 3.88%, 05/02/25 (Call 05/02/21)(b)	EUR		100		103,347
thyssenkrupp AG
1.38%, 03/03/22 (Call 12/03/21)(b)	EUR		100		113,469
1.75%, 11/25/20 (Call 08/25/20)(b)	EUR		100		113,100
2.50%, 02/25/25(b)	EUR		100		116,051
2.75%, 03/08/21 (Call 12/08/20)(b)	EUR		75		86,188
2.88%, 02/22/24 (Call 11/22/23)(b)	EUR		325		378,248
TUI AG, 2.13%, 10/26/21 (Call 07/26/21)(b)	EUR		100		114,140

2

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

Security		Par (000)		Value
Germany (continued)
Unitymedia GmbH
3.75%, 01/15/27 (Call 01/15/21)(b)	EUR		200	$	236,798
6.13%, 01/15/25 (Call 01/15/20)(a)	USD		200		208,750
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
4.00%, 01/15/25 (Call 01/15/20)(b)	EUR		100		115,412
4.63%, 02/15/26 (Call 02/15/21)(b)	EUR		90		108,593
WEPA Hygieneprodukte GmbH, 3.75%, 05/15/24 (Call 08/12/19)(b)	EUR		100		113,876
					5,225,052
Greece — 0.3%
Intralot Capital Luxembourg SA, 5.25%, 09/15/24 (Call 09/15/20)(b)	EUR		100		57,146
National Bank of Greece SA, 8.25%, 07/18/29 (Call 07/18/24)(b)(d)	EUR		100		115,480
OTE PLC, 3.50%, 07/09/20(b)	EUR		100		114,587
Piraeus Group Finance PLC, 9.75%, 06/26/29 (Call 06/26/24)(b)(d)	EUR		100		113,089
Titan Global Finance PLC, 2.38%, 11/16/24 (Call 05/16/24)(b)	EUR		100		114,149
					514,451
Ireland — 1.3%
Allied Irish Banks PLC, 4.13%, 11/26/25 (Call 11/26/20)(b)(d)	EUR		100		116,519
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
4.13%, 05/15/23 (Call 08/12/19)(b)	EUR		100		113,990
4.25%, 09/15/22 (Call 08/12/19)(a)	USD		200		203,100
4.63%, 05/15/23 (Call 09/03/19)(a)	USD		200		205,000
4.75%, 07/15/27 (Call 07/15/22)(b)	GBP		100		123,829
6.00%, 02/15/25 (Call 02/15/20)(a)	USD		200		206,656
6.75%, 05/15/24 (Call 08/12/19)(b)	EUR		100		117,783
7.25%, 05/15/24 (Call 08/14/19)(a)	USD		200		211,104
Bank of Ireland Group PLC, 3.13%, 09/19/27 (Call 09/19/22)(b)(d)	GBP		100		120,712
C&W Senior Financing DAC, 6.88%, 09/15/27 (Call 09/15/22)(a)	USD		200		208,813
eircom Finance DAC, 3.50%, 05/15/26 (Call 05/15/22)(b)	EUR		125		144,608
James Hardie International Finance DAC, 3.63%, 10/01/26 (Call 10/01/21)(b)	EUR		100		118,216
Smurfit Kappa Acquisitions ULC
2.88%, 01/15/26(b)	EUR		200		241,926
3.25%, 06/01/21 (Call 03/10/21)(b)	EUR		100		116,949
					2,249,205
Israel — 1.4%
Teva Pharmaceutical Finance Netherlands II BV
1.13%, 10/15/24(b)	EUR		200		180,378
1.25%, 03/31/23 (Call 12/31/22)(b)	EUR		200		194,670
1.63%, 10/15/28(b)	EUR		100		81,061
1.88%, 03/31/27 (Call 12/31/26)(b)	EUR		100		85,197
3.25%, 04/15/22 (Call 01/15/22)	EUR		100		106,985
4.50%, 03/01/25 (Call 12/01/24)	EUR		200		206,924
Teva Pharmaceutical Finance Netherlands III BV
2.20%, 07/21/21(c)	USD		400		376,380
2.80%, 07/21/23(c)	USD		400		347,752
3.15%, 10/01/26(c)	USD		625		487,430
6.00%, 04/15/24 (Call 01/15/24)(c)	USD		200		185,250
6.75%, 03/01/28 (Call 12/01/27)(c)	USD		200		179,000
					2,431,027

Security		Par (000)		Value
Italy — 5.0%
Banca IFIS SpA, 4.50%, 10/17/27 (Call 10/17/22)(b)(d)	EUR		100	$	98,168
Banca Monte dei Paschi di Siena SpA
5.38%, 01/18/28 (Call 01/18/23)(b)(d)	EUR		100		73,150
10.50%, 07/23/29(b)	EUR		100		102,767
Banca Popolare di Sondrio SCPA, 2.38%, 04/03/24(b)	EUR		100		111,009
Banco BPM SpA
1.75%, 04/24/23(b)	EUR		150		167,706
2.00%, 03/08/22(b)	EUR		100		112,861
2.50%, 06/21/24(b)	EUR		100		113,601
4.38%, 09/21/27 (Call 09/21/22)(b)(d)	EUR		100		111,564
6.00%, 11/05/20(b)	EUR		100		116,964
7.13%, 03/01/21(b)	EUR		100		120,080
BPER Banca, 5.13%, 05/31/27 (Call 05/31/22)(b)(d)	EUR		100		115,195
EVOCA SpA, 7.00%, 10/15/23 (Call 10/15/19)(b)	EUR		100		116,635
Fiat Chrysler Finance Europe SA
4.75%, 03/22/21(b)	EUR		200		239,387
4.75%, 07/15/22(b)	EUR		150		188,863
Iccrea Banca SpA, 1.50%, 10/11/22(b)	EUR		150		169,481
Inter Media and Communication SpA, 4.88%, 12/31/22 (Call 12/31/19)(b)	EUR		98		112,545
International Game Technology PLC, 3.50%, 06/15/26 (Call 06/15/22)(b)	EUR		150		176,150
Intesa Sanpaolo SpA
2.86%, 04/23/25(b)	EUR		100		117,159
3.93%, 09/15/26(b)	EUR		100		122,741
5.02%, 06/26/24(a)	USD		200		202,256
6.63%, 09/13/23(b)	EUR		300		403,884
Leonardo SpA
1.50%, 06/07/24 (Call 03/07/24)(b)	EUR		100		115,660
4.50%, 01/19/21	EUR		100		118,548
5.25%, 01/21/22	EUR		100		125,297
Mediobanca Banca di Credito Finanziario SpA
5.00%, 11/15/20	EUR		100		117,532
5.75%, 04/18/23	EUR		100		127,429
Nexi Capital SpA, 4.13%, 11/01/23 (Call 11/30/19)(b)	EUR		100		114,745
Rossini Sarl, 6.75%, 10/30/25 (Call 10/30/21)(b)	EUR		100		120,322
Saipem Finance International BV
2.75%, 04/05/22(b)	EUR		100		118,155
3.00%, 03/08/21(b)	EUR		100		116,133
Salini Impregilo SpA, 1.75%, 10/26/24(b)	EUR		100		94,439
Sisal Group SpA, 7.00%, 07/31/23 (Call 08/30/19)(b)	EUR		100		116,016
Societa Cattolica di Assicurazioni SC, 4.25%, 12/14/47 (Call 12/14/27)(b)(d)	EUR		100		110,552
Telecom Italia SpA/Milano
2.38%, 10/12/27 (Call 07/12/27)(b)	EUR		100		111,562
2.50%, 07/19/23(b)	EUR		200		232,819
2.75%, 04/15/25 (Call 01/15/25)(b)	EUR		150		172,998
2.88%, 01/28/26 (Call 10/28/25)(b)	EUR		100		115,769
3.00%, 09/30/25(b)	EUR		200		233,927
3.25%, 01/16/23(b)	EUR		200		240,078
3.63%, 01/19/24(b)	EUR		100		120,929
3.63%, 05/25/26(b)	EUR		200		242,146
4.00%, 04/11/24 (Call 01/11/24)(b)	EUR		200		243,925
4.50%, 01/25/21(b)	EUR		100		118,691
4.88%, 09/25/20(b)	EUR		100		117,604
5.30%, 05/30/24(a)(c)	USD		200		211,063
UniCredit SpA, 5.86%, 06/19/32 (Call 06/19/27)(a)(d)	USD		200		201,694
Unione di Banche Italiane SpA
2.63%, 06/20/24(b)	EUR		250		285,317
4.25%, 05/05/26 (Call 05/05/21)(b)(d)	EUR		100		114,101

3

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

Security		Par (000)		Value
Italy (continued)
4.45%, 09/15/27 (Call 09/15/22)(b)(d)	EUR		100	$	114,511
5.88%, 03/04/29 (Call 03/04/24)(b)(d)	EUR		150		177,081
Unipol Gruppo SpA
3.00%, 03/18/25(b)	EUR		100		116,372
3.50%, 11/29/27 (Call 08/29/27)(b)	EUR		100		117,384
4.38%, 03/05/21(b)	EUR		100		118,458
UnipolSai Assicurazioni SpA, 3.88%, 03/01/28(b)	EUR		100		109,152
Wind Tre SpA
2.63%, 01/20/23 (Call 11/03/19)(b)	EUR		200		225,087
3.13%, 01/20/25 (Call 11/03/20)(b)	EUR		300		337,284
5.00%, 01/20/26 (Call 11/03/20)(a)	USD		250		248,750
					8,813,696
Japan — 0.6%
SoftBank Group Corp.
3.13%, 09/19/25 (Call 06/21/25)(b)	EUR		250		292,081
4.00%, 07/30/22 (Call 04/30/22)(b)	EUR		100		121,769
4.00%, 04/20/23 (Call 01/20/23)(b)	EUR		100		121,728
4.00%, 09/19/29 (Call 06/21/29)(b)	EUR		125		150,009
4.50%, 04/20/25 (Call 01/20/25)(b)	EUR		100		125,694
4.75%, 07/30/25 (Call 04/30/25)(b)	EUR		100		126,678
5.00%, 04/15/28 (Call 01/16/28)(b)	EUR		100		129,048
					1,067,007
Luxembourg — 2.7%
Altice Financing SA
5.25%, 02/15/23 (Call 08/30/19)(b)	EUR		100		114,756
6.63%, 02/15/23 (Call 09/02/19)(a)(c)	USD		200		206,250
7.50%, 05/15/26 (Call 05/15/21)(a)	USD		600		628,500
Altice Finco SA, 4.75%, 01/15/28 (Call 10/15/22)(b)	EUR		100		100,906
Altice Luxembourg SA
6.25%, 02/15/25 (Call 02/15/20)(b)	EUR		100		114,792
7.25%, 05/15/22 (Call 08/30/19)(b)	EUR		86		97,695
7.63%, 02/15/25 (Call 02/15/20)(a)	USD		200		196,258
7.75%, 05/15/22 (Call 09/03/19)(a)(c)	USD		200		204,000
8.00%, 05/15/27 (Call 05/15/22)(b)	EUR		200		231,431
10.50%, 05/15/27 (Call 05/15/22)(a)	USD		200		209,337
Arena Luxembourg Finance Sarl, 2.88%, 11/01/24 (Call 11/01/20)(b)	EUR		100		115,505
ContourGlobal Power Holdings SA, 3.38%, 08/01/23 (Call 08/01/20)(b)	EUR		100		115,317
Crystal Almond SARL, 10.00%, 11/01/21 (Call 08/30/19)(b)	EUR		79		92,040
Garfunkelux Holdco 3 SA, 8.50%, 11/01/22 (Call 08/12/19)(b)	GBP		100		112,382
INEOS Finance PLC, 2.13%, 11/15/25 (Call 11/15/20)(b)	EUR		100		108,924
INEOS Group Holdings SA, 5.38%, 08/01/24 (Call 08/12/19)(b)	EUR		100		113,621
Intelsat Connect Finance SA, 9.50%, 02/15/23 (Call 08/15/20)(a)(c)	USD		200		180,374
Intelsat Jackson Holdings SA
5.50%, 08/01/23 (Call 09/03/19)(c)	USD		300		277,500
8.00%, 02/15/24 (Call 09/02/19)(a)	USD		175		182,507
8.50%, 10/15/24 (Call 10/15/20)(a)	USD		450		452,812
9.50%, 09/30/22(a)	USD		75		87,625
9.75%, 07/15/25 (Call 07/15/21)(a)	USD		250		259,323
Intelsat Luxembourg SA, 8.13%, 06/01/23 (Call 09/16/19)(c)	USD		125		100,588
Matterhorn Telecom Holding SA, 4.88%, 05/01/23 (Call 08/12/19)(b)	EUR		100		112,475

Security		Par (000)		Value
Luxembourg (continued)
Matterhorn Telecom SA, 4.00%, 11/15/27 (Call 11/15/22)(b)	EUR		100	$	113,266
Swissport Investments SA, 6.75%, 12/15/21 (Call 08/12/19)(b)	EUR		100		114,842
Telenet Finance VI Luxembourg SCA, 4.88%, 07/15/27 (Call 07/15/21)(b)	EUR		70		84,715
					4,727,741
Netherlands — 2.2%
Constellium SE
4.63%, 05/15/21 (Call 08/08/19)(b)	EUR		100		111,495
6.63%, 03/01/25 (Call 03/01/20)(a)	USD		250		261,962
Intertrust Group BV, 3.38%, 11/15/25 (Call 11/15/21)(b)	EUR		100		118,164
InterXion Holding NV, 4.75%, 06/15/25 (Call 06/15/21)(b)	EUR		200		242,196
IPD 3 BV, 4.50%, 07/15/22 (Call 08/12/19)(b)	EUR		100		113,781
Lincoln Financing SARL, 3.63%, 04/01/24 (Call 10/01/20)(b)	EUR		100		114,517
Maxeda DIY Holding BV, 6.13%, 07/15/22 (Call 08/30/19)(b)	EUR		100		109,587
Nielsen Co Luxembourg SARL/The, 5.50%, 10/01/21 (Call 09/03/19)(a)	USD		75		75,281
PPF Arena 1 BV, 3.13%, 03/27/26 (Call 12/27/25)(b)	EUR		100		114,292
Promontoria Holding 264 BV, 6.75%, 08/15/23 (Call 08/15/20)(b)	EUR		100		102,499
Saipem Finance International BV, 2.63%, 01/07/25(b)	EUR		100		117,438
Selecta Group BV, 5.88%, 02/01/24 (Call 02/01/20)(b)	EUR		100		115,449
Sensata Technologies BV
4.88%, 10/15/23(a)	USD		75		78,388
5.00%, 10/01/25(a)	USD		150		157,497
5.63%, 11/01/24(a)	USD		50		53,920
Sigma Holdco BV, 5.75%, 05/15/26 (Call 05/15/21)(b)	EUR		100		106,500
SRLEV NV, 9.00%, 04/15/41 (Call 04/15/21)(d)	EUR		100		125,928
Starfruit Finco BV/Starfruit U.S. Holdco LLC, 6.50%, 10/01/26 (Call 10/01/21)(b)	EUR		100		110,850
Sunshine Mid BV, 6.50%, 05/15/26 (Call 05/15/21)(b)	EUR		100		116,302
United Group BV, 4.38%, 07/01/22 (Call 08/12/19)(b)	EUR		100		113,856
UPC Holding BV, 3.88%, 06/15/29 (Call 06/15/22)(b)	EUR		100		118,064
UPCB Finance IV Ltd., 5.38%, 01/15/25 (Call 01/15/20)(a)	USD		200		205,948
UPCB Finance VII Ltd., 3.63%, 06/15/29 (Call 06/15/22)(b)	EUR		150		178,013
Ziggo Bond Co. BV
4.63%, 01/15/25 (Call 01/15/20)(b)	EUR		100		114,739
6.00%, 01/15/27 (Call 01/15/22)(a)	USD		150		152,109
Ziggo BV
3.75%, 01/15/25 (Call 01/15/20)(b)	EUR		100		114,761
4.25%, 01/15/27 (Call 01/15/22)(b)	EUR		200		238,583
5.50%, 01/15/27 (Call 01/15/22)(a)(c)	USD		250		255,938
					3,838,057
Norway — 0.1%
Aker BP ASA, 4.75%, 06/15/24 (Call 06/15/21)(a)	USD		150		154,500
Portugal — 0.3%
Caixa Geral de Depositos SA, 5.75%, 06/28/28 (Call 06/28/23)(b)(d)	EUR		100		124,352
EDP — Energias de Portugal SA
4.50%, 04/30/79 (Call 01/30/24)(b)(d)	EUR		200		245,624
5.38%, 09/16/75 (Call 03/16/21)(b)(d)	EUR		100		119,639
Novo Banco SA, 8.50%, 07/06/28 (Call 07/06/23)(b)(d)	EUR		100		119,646
					609,261

4

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

Security		Par (000)		Value
Singapore — 0.1%
Puma International Financing SA, 5.13%, 10/06/24 (Call 10/06/20)(a)	USD		200	$	191,454
Spain — 1.3%
Banco de Sabadell SA
5.38%, 12/12/28 (Call 12/12/23)(b)(d)	EUR		100		123,600
5.63%, 05/06/26(b)	EUR		100		129,222
Bankia SA
3.38%, 03/15/27 (Call 03/15/22)(b)(d)	EUR		100		118,024
3.75%, 02/15/29 (Call 02/15/24)(b)(d)	EUR		100		119,686
Cellnex Telecom SA
2.38%, 01/16/24 (Call 10/16/23)(b)	EUR		100		118,412
3.13%, 07/27/22(b)	EUR		100		120,283
Cirsa Finance International Sarl
4.75%, 05/22/25 (Call 05/22/21)(b)	EUR		100		117,720
6.25%, 12/20/23 (Call 06/20/20)(b)	EUR		100		119,799
Codere Finance 2 Luxembourg SA, 6.75%, 11/01/21 (Call 08/30/19)(b)	EUR		100		113,037
Distribuidora Internacional de Alimentacion SA, 0.88%, 04/06/23 (Call 01/06/23)(b)	EUR		100		64,021
El Corte Ingles SA, 3.00%, 03/15/24 (Call 10/15/20)(b)	EUR		100		116,680
Gestamp Funding Luxembourg SA, 3.50%, 05/15/23 (Call 08/12/19)(b)	EUR		100		112,643
Grifols SA, 3.20%, 05/01/25 (Call 05/01/20)(b)	EUR		200		229,010
Grupo Isolux Corsan SA
Series B, 6.00%, 12/30/21 (Call 08/30/19)(e)	EUR		28		16
Series C, 0.25%, 12/30/21 (Call 08/30/19)(e)	EUR		0		—
Grupo-Antolin Irausa SA, 3.25%, 04/30/24 (Call 04/30/20)(b)	EUR		100		98,959
NH Hotel Group SA, 3.75%, 10/01/23 (Call 10/01/19)(b)	EUR		90		102,557
Obrascon Huarte Lain SA, 4.75%, 03/15/22 (Call 08/30/19)(b)	EUR		100		76,894
Repsol International Finance BV, 4.50%, 03/25/75 (Call 03/25/25)(b)(d)	EUR		200		252,807
Tasty Bondco 1 SA, 6.25%, 05/15/26 (Call 05/15/22)(b)	EUR		100		117,840
					2,251,210
Sweden — 0.8%
Akelius Residential Property AB, 3.88%, 10/05/78 (Call 07/08/23)(b)(d)	EUR		100		117,858
Dometic Group AB, 3.00%, 05/08/26 (Call 04/08/26)(b)	EUR		125		141,595
Fastighets AB Balder, 3.00%, 03/07/78 (Call 03/07/23)(b)(d)	EUR		100		112,394
Intrum AB
2.75%, 07/15/22 (Call 08/30/19)(b)	EUR		100		112,106
3.13%, 07/15/24 (Call 07/15/20)(b)	EUR		200		225,766
Telefonaktiebolaget LM Ericsson
4.13%, 05/15/22	USD		125		129,078
Series 7Y, 1.88%, 03/01/24(b)	EUR		100		117,615
Verisure Midholding AB, 5.75%, 12/01/23 (Call 12/01/19)(b)	EUR		200		229,459
Volvo Car AB
2.13%, 04/02/24 (Call 01/02/24)(b)	EUR		100		114,778
3.25%, 05/18/21(b)	EUR		100		117,196
					1,417,845
Switzerland — 0.3%
Dufry Finance SCA, 4.50%, 08/01/23 (Call 08/30/19)(b)	EUR		100		113,947
Dufry One BV, 2.50%, 10/15/24 (Call 10/15/20)(b)	EUR		100		114,946
Garrett LX I Sarl/Garrett Borrowing LLC, 5.13%, 10/15/26 (Call 10/15/21)(b)	EUR		100		104,989

Security		Par (000)		Value
Switzerland (continued)
Transocean Inc., 7.50%, 01/15/26 (Call 01/15/21)(a)	USD		150	$	142,000
					475,882
United Kingdom — 3.3%
Algeco Global Finance PLC, 6.50%, 02/15/23 (Call 02/15/20)(b)	EUR		100		116,016
Ardonagh Midco 3 PLC, 8.38%, 07/15/23 (Call 07/15/20)(b)	GBP		100		112,949
Arqiva Broadcast Finance PLC, 6.75%, 09/30/23 (Call 09/30/20)(b)	GBP		100		130,970
Avon International Capital PLC, 6.50%, 08/15/22 (Call 09/02/19)(a)	USD		50		50,974
Boparan Finance PLC, 4.38%, 07/15/21 (Call 08/12/19)(b)	EUR		100		59,901
Cabot Financial Luxembourg SA, 7.50%, 10/01/23 (Call 10/01/19)(b)	GBP		100		126,912
Centrica PLC, 3.00%, 04/10/76 (Call 04/10/21)(b)(d)	EUR		100		112,363
Co-Operative Group Ltd., 5.13%, 05/17/24 (Call 02/15/24)(b)	GBP		100		128,689
Drax Finco PLC, 4.25%, 05/01/22 (Call 08/12/19)(b)	GBP		100		124,391
eG Global Finance PLC
3.63%, 02/07/24 (Call 11/15/20)(b)	EUR		100		110,750
4.38%, 02/07/25 (Call 05/15/21)(b)	EUR		100		110,828
Fiat Chrysler Automobiles NV
3.75%, 03/29/24(b)	EUR		200		249,724
5.25%, 04/15/23	USD		200		210,000
Heathrow Finance PLC, 3.88%, 03/01/27(b)	GBP		100		121,810
Iceland Bondco PLC, 4.63%, 03/15/25 (Call 09/15/20)(b)	GBP		100		106,586
IDH Finance PLC, 6.25%, 08/15/22 (Call 08/30/19)(b)	GBP		100		108,154
INEOS Finance PLC, 2.88%, 05/01/26 (Call 05/01/22)(b)	EUR		100		112,374
Inmarsat Finance PLC, 4.88%, 05/15/22 (Call 09/03/19)(a)	USD		200		201,700
International Game Technology PLC, 6.25%, 01/15/27 (Call 07/15/26)(a)(c)	USD		200		217,731
International Personal Finance PLC, 5.75%, 04/07/21(b)	EUR		100		99,677
Jaguar Land Rover Automotive PLC
2.20%, 01/15/24(b)	EUR		100		94,021
3.88%, 03/01/23(b)	GBP		100		108,120
4.50%, 01/15/26 (Call 10/15/25)(b)	EUR		100		96,526
5.63%, 02/01/23 (Call 09/03/19)(a)(c)	USD		150		146,625
Jerrold Finco PLC, 6.25%, 09/15/21 (Call 09/15/19)(b)	GBP		100		123,072
KCA Deutag UK Finance PLC, 9.88%, 04/01/22 (Call 04/01/20)(a)	USD		200		137,607
Lecta SA, 6.50%, 08/01/23 (Call 08/12/19)(b)	EUR		100		74,171
Mclaren Finance PLC, 5.00%, 08/01/22 (Call 08/12/19)(b)	GBP		100		114,280
Merlin Entertainments PLC, 2.75%, 03/15/22 (Call 12/15/21)(b)	EUR		100		117,013
New Look Secured Issuer PLC, 6.50%, 07/01/22 (Call 08/12/19)(b)(e)	GBP		25		9,030
Nomad Foods Bondco PLC, 3.25%, 05/15/24 (Call 05/15/20)(b)	EUR		100		114,977
Pinnacle Bidco PLC, 6.38%, 02/15/25 (Call 02/15/21)(b)	GBP		100		129,107
Pizzaexpress Financing 2 PLC, 6.63%, 08/01/21 (Call 08/12/19)(b)	GBP		100		107,165
Playtech PLC, 4.25%, 03/07/26 (Call 03/07/22)(b)	EUR		100		118,320
Shop Direct Funding PLC, 7.75%, 11/15/22 (Call 11/15/19)(b)	GBP		100		109,901
Stonegate Pub Co. Financing PLC, 4.88%, 03/15/22 (Call 08/12/19)(b)	GBP		100		125,155
Thomas Cook Group PLC, 6.25%, 06/15/22 (Call 08/30/19)(b)	EUR		100		30,619
Valaris PLC, 7.75%, 02/01/26 (Call 11/01/25)	USD		150		109,500

5

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

Security		Par (000)		Value
United Kingdom (continued)
Virgin Media Finance PLC, 4.50%, 01/15/25 (Call 01/15/20)(b)	EUR		100	$	115,182
Virgin Media Receivables Financing Notes I DAC, 5.50%, 09/15/24 (Call 09/15/19)(b)	GBP		100		125,919
Virgin Media Secured Finance PLC
4.88%, 01/15/27 (Call 01/15/21)(b)	GBP		100		126,334
5.00%, 04/15/27 (Call 04/15/22)(b)	GBP		100		126,685
5.25%, 01/15/26 (Call 01/15/20)(a)	USD		200		204,500
5.25%, 05/15/29 (Call 05/15/24)(b)	GBP		100		127,992
5.50%, 08/15/26 (Call 08/15/21)(a)	USD		200		208,250
6.00%, 01/15/25 (Call 01/15/21)(b)(f)	GBP		100		136,342
Worldpay Finance PLC, 3.75%, 11/15/22 (Call 08/01/19)(b)	EUR		100		124,759
					5,773,671
United States — 66.5%
Acadia Healthcare Co. Inc., 5.63%, 02/15/23 (Call 09/03/19)	USD		100		100,969
Acrisure LLC/Acrisure Finance Inc.
7.00%, 11/15/25 (Call 11/15/20)(a)	USD		150		137,625
8.13%, 02/15/24 (Call 02/15/21)(a)	USD		90		96,075
10.13%, 08/01/26 (Call 08/01/22)(a)	USD		30		30,780
Adient Global Holdings Ltd., 3.50%, 08/15/24 (Call 05/15/24)(b)	EUR		100		89,533
Adient U.S. LLC, 7.00%, 05/15/26 (Call 05/15/22)(a)	USD		310		314,290
ADT Security Corp. (The)
3.50%, 07/15/22	USD		125		124,375
4.13%, 06/15/23(c)	USD		100		100,510
6.25%, 10/15/21	USD		125		132,998
AECOM
5.13%, 03/15/27 (Call 12/15/26)	USD		150		157,125
5.88%, 10/15/24 (Call 07/15/24)	USD		125		135,125
AES Corp./VA
4.00%, 03/15/21	USD		50		50,869
4.50%, 03/15/23 (Call 03/15/20)	USD		100		102,700
4.88%, 05/15/23 (Call 09/03/19)	USD		100		101,502
5.13%, 09/01/27 (Call 09/01/22)	USD		70		74,102
5.50%, 04/15/25 (Call 04/15/20)(c)	USD		125		129,687
6.00%, 05/15/26 (Call 05/15/21)	USD		75		79,875
AK Steel Corp., 7.63%, 10/01/21 (Call 09/03/19)	USD		75		74,719
Albertsons Companies LLC/Safeway Inc./New Albertson’s LP/Albertson’s LLC
5.75%, 03/15/25 (Call 09/15/19)	USD		150		153,251
6.63%, 06/15/24 (Call 09/03/19)	USD		200		208,500
7.50%, 03/15/26 (Call 03/15/22)(a)	USD		105		115,631
Alcoa Nederland Holding BV
6.75%, 09/30/24 (Call 09/30/19)(a)	USD		200		210,538
7.00%, 09/30/26 (Call 09/30/21)(a)	USD		200		215,072
Allegheny Technologies Inc.
5.95%, 01/15/21 (Call 10/15/20)	USD		50		51,125
7.88%, 08/15/23 (Call 05/15/23)	USD		75		80,813
Allied Universal Holdco LLC/Allied Universal Finance Corp.
6.63%, 07/15/26 (Call 07/15/22)(a)	USD		140		146,448
9.75%, 07/15/27 (Call 07/15/22)(a)	USD		165		172,219
Allison Transmission Inc.
4.75%, 10/01/27 (Call 10/01/22)(a)(c)	USD		50		50,136
5.00%, 10/01/24 (Call 10/01/19)(a)(c)	USD		225		229,151
5.88%, 06/01/29 (Call 06/01/24)(a)	USD		70		74,375

Security		Par (000)		Value
United States (continued)
Ally Financial Inc.
3.88%, 05/21/24 (Call 04/21/24)	USD		55	$	56,747
4.13%, 02/13/22(c)	USD		100		102,846
4.25%, 04/15/21	USD		100		101,500
4.63%, 05/19/22	USD		50		51,924
4.63%, 03/30/25	USD		100		106,970
5.13%, 09/30/24	USD		150		164,332
5.75%, 11/20/25 (Call 10/21/25)	USD		150		167,437
7.50%, 09/15/20	USD		25		26,233
AMC Entertainment Holdings Inc.
5.75%, 06/15/25 (Call 06/15/20)(c)	USD		75		70,753
5.88%, 11/15/26 (Call 11/15/21)	USD		75		68,063
6.13%, 05/15/27 (Call 05/15/22)(c)	USD		75		67,563
6.38%, 11/15/24 (Call 11/15/19)	GBP		100		119,012
AMC Networks Inc.
4.75%, 12/15/22 (Call 09/03/19)	USD		125		126,213
4.75%, 08/01/25 (Call 08/01/21)	USD		100		101,746
5.00%, 04/01/24 (Call 04/01/20)	USD		125		128,556
American Airlines Group Inc., 5.00%, 06/01/22(a)	USD		45		46,631
American Axle & Manufacturing Inc.
6.25%, 04/01/25 (Call 04/01/20)	USD		110		110,275
6.25%, 03/15/26 (Call 03/15/21)	USD		70		69,940
6.50%, 04/01/27 (Call 04/01/22)	USD		75		75,098
6.63%, 10/15/22 (Call 09/03/19)	USD		50		50,819
AmeriGas Partners LP/AmeriGas Finance Corp.
5.50%, 05/20/25 (Call 02/20/25)	USD		125		131,453
5.63%, 05/20/24 (Call 03/20/24)	USD		100		106,125
5.75%, 05/20/27 (Call 02/20/27)	USD		75		78,891
5.88%, 08/20/26 (Call 05/20/26)	USD		75		79,657
Amkor Technology Inc., 6.63%, 09/15/27 (Call 03/15/22)(a)	USD		75		78,338
Anixter Inc., 5.13%, 10/01/21	USD		75		78,227
Antero Midstream Partners LP/Antero Midstream Finance Corp.
5.38%, 09/15/24 (Call 09/15/19)	USD		125		120,781
5.75%, 03/01/27 (Call 03/01/22)(a)	USD		110		103,402
5.75%, 01/15/28 (Call 01/15/23)(a)	USD		100		93,500
Antero Resources Corp.
5.00%, 03/01/25 (Call 03/01/20)(c)	USD		75		67,938
5.13%, 12/01/22 (Call 09/03/19)(c)	USD		150		142,828
5.38%, 11/01/21 (Call 09/03/19)	USD		125		123,085
5.63%, 06/01/23 (Call 09/03/19)(c)	USD		125		118,359
APX Group Inc.
7.63%, 09/01/23 (Call 09/03/19)(c)	USD		50		39,922
7.88%, 12/01/22 (Call 09/03/19)	USD		125		118,438
8.75%, 12/01/20 (Call 09/03/19)	USD		67		63,901
Aramark International Finance Sarl, 3.13%, 04/01/25 (Call 04/01/20)(b)	EUR		100		114,945
Aramark Services Inc.
4.75%, 06/01/26 (Call 06/01/21)(c)	USD		50		51,383
5.00%, 04/01/25 (Call 04/01/20)(a)(c)	USD		75		77,651
5.00%, 02/01/28 (Call 02/01/23)(a)	USD		200		208,500
5.13%, 01/15/24 (Call 09/03/19)	USD		125		128,485
Arconic Inc.
5.13%, 10/01/24 (Call 07/01/24)	USD		150		158,970
5.40%, 04/15/21 (Call 01/15/21)	USD		175		180,828
5.87%, 02/23/22	USD		100		106,470
6.15%, 08/15/20	USD		200		206,566

6

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

Security		Par (000)		Value
United States (continued)
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
7.00%, 11/01/26 (Call 11/01/21)(a)(c)	USD		100	$	80,000
10.00%, 04/01/22 (Call 04/01/20)(a)	USD		150		147,354
Ashland LLC, 4.75%, 08/15/22 (Call 05/15/22)	USD		125		130,469
Avantor Inc.
4.75%, 10/01/24 (Call 10/01/20)(b)	EUR		100		119,134
6.00%, 10/01/24 (Call 10/01/20)(a)	USD		250		267,502
9.00%, 10/01/25 (Call 10/01/20)(a)	USD		275		306,677
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
5.50%, 04/01/23 (Call 09/03/19)	USD		41		41,779
5.75%, 07/15/27 (Call 06/15/22)(a)	USD		55		55,550
Avis Budget Finance PLC, 4.75%, 01/30/26 (Call 09/30/21)(b)	EUR		100		117,890
Avon International Operations Inc., 7.88%, 08/15/22 (Call 09/03/19)(a)	USD		100		104,050
Avon Products Inc., 7.00%, 03/15/23	USD		50		50,350
Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25 (Call 01/15/20)(b)	EUR		125		143,559
B&G Foods Inc.
4.63%, 06/01/21 (Call 09/03/19)	USD		75		75,028
5.25%, 04/01/25 (Call 04/01/20)(c)	USD		125		124,887
Ball Corp.
3.50%, 12/15/20	EUR		100		116,467
4.00%, 11/15/23	USD		125		129,717
4.38%, 12/15/20(c)	USD		125		127,500
4.38%, 12/15/23	EUR		100		129,835
4.88%, 03/15/26 (Call 12/15/25)	USD		150		159,450
5.00%, 03/15/22	USD		100		104,980
5.25%, 07/01/25(c)	USD		175		190,531
Banff Merger Sub Inc., 9.75%, 09/01/26 (Call 09/01/21)(a)	USD		200		177,833
Bausch Health Americas Inc.
8.50%, 01/31/27 (Call 07/31/22)(a)	USD		240		265,157
9.25%, 04/01/26 (Call 04/01/22)(a)	USD		200		224,037
Bausch Health Companies Inc.
4.50%, 05/15/23 (Call 08/30/19)(b)	EUR		325		365,739
5.50%, 03/01/23 (Call 09/03/19)(a)	USD		52		52,427
5.50%, 11/01/25 (Call 11/01/20)(a)	USD		225		233,719
5.75%, 08/15/27 (Call 08/15/22)(a)	USD		65		68,418
5.88%, 05/15/23 (Call 09/03/19)(a)	USD		250		252,450
6.13%, 04/15/25 (Call 04/15/20)(a)(c)	USD		500		513,750
6.50%, 03/15/22 (Call 09/03/19)(a)	USD		150		155,309
7.00%, 03/15/24 (Call 03/15/20)(a)	USD		350		369,250
7.00%, 01/15/28 (Call 01/15/23)(a)	USD		110		114,111
7.25%, 05/30/29 (Call 05/30/24)(a)	USD		95		99,271
9.00%, 12/15/25 (Call 12/15/21)(a)	USD		300		336,117
Beacon Roofing Supply Inc., 4.88%, 11/01/25 (Call 11/01/20)(a)(c)	USD		175		173,337
Beazer Homes USA Inc.
5.88%, 10/15/27 (Call 10/15/22)(c)	USD		50		45,940
8.75%, 03/15/22 (Call 08/16/19)	USD		85		88,257
Belden Inc., 3.88%, 03/15/28 (Call 03/15/23)(b)	EUR		150		178,331
Berry Global Inc.
4.50%, 02/15/26 (Call 02/15/21)(a)	USD		65		65,077
4.88%, 07/15/26 (Call 07/15/22)(a)	USD		210		218,277
5.13%, 07/15/23 (Call 09/03/19)(c)	USD		100		102,288
5.50%, 05/15/22 (Call 09/03/19)	USD		50		50,639
5.63%, 07/15/27 (Call 07/15/22)(a)	USD		65		68,290
6.00%, 10/15/22 (Call 09/03/19)	USD		65		66,308

Security		Par (000)		Value
United States (continued)
Blue Cube Spinco LLC
9.75%, 10/15/23 (Call 10/15/20)	USD		100	$	110,206
10.00%, 10/15/25 (Call 10/15/20)	USD		100		112,625
Blue Racer Midstream LLC/Blue Racer Finance Corp., 6.13%, 11/15/22 (Call 09/03/19)(a)	USD		125		125,938
Boyd Gaming Corp.
6.00%, 08/15/26 (Call 08/15/21)	USD		100		104,757
6.38%, 04/01/26 (Call 04/01/21)	USD		100		105,498
6.88%, 05/15/23 (Call 08/16/19)	USD		100		103,625
Brand Industrial Services Inc., 8.50%, 07/15/25 (Call 07/15/20)(a)	USD		150		131,437
Brookfield Property REIT Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL, 5.75%, 05/15/26 (Call 05/15/22)(a)	USD		170		176,516
Buckeye Partners LP, 6.38%, 01/22/78 (Call 01/22/23)(c)(d)	USD		50		38,417
Builders FirstSource Inc., 6.75%, 06/01/27 (Call 06/01/22)(a)	USD		100		105,625
Cablevision Systems Corp., 5.88%, 09/15/22	USD		100		106,227
Caesars Resort Collection LLC/CRC Finco Inc., 5.25%, 10/15/25 (Call 10/15/20)(a)	USD		225		225,000
California Resources Corp., 8.00%, 12/15/22 (Call 09/03/19)(a)(c)	USD		325		227,500
Callon Petroleum Co.
6.13%, 10/01/24 (Call 10/01/19)(c)	USD		75		73,149
6.38%, 07/01/26 (Call 07/01/21)	USD		50		48,844
Calpine Corp.
5.25%, 06/01/26 (Call 06/01/21)(a)	USD		200		203,030
5.38%, 01/15/23 (Call 09/03/19)	USD		200		199,870
5.50%, 02/01/24 (Call 09/03/19)	USD		100		99,865
5.75%, 01/15/25 (Call 10/15/19)(c)	USD		225		224,370
5.88%, 01/15/24 (Call 09/03/19)(a)	USD		75		76,688
6.00%, 01/15/22 (Call 09/03/19)(a)	USD		100		100,706
Calumet Specialty Products Partners LP/Calumet Finance Corp., 6.50%, 04/15/21 (Call 09/03/19)	USD		125		124,245
Catalent Pharma Solutions Inc., 4.75%, 12/15/24 (Call 12/15/19)(b)	EUR		100		115,277
CBL & Associates LP
5.25%, 12/01/23 (Call 09/01/23)(c)	USD		75		54,576
5.95%, 12/15/26 (Call 09/15/26)(c)	USD		100		70,333
CCO Holdings LLC/CCO Holdings Capital Corp.
4.00%, 03/01/23 (Call 11/01/19)(a)	USD		100		100,514
5.00%, 02/01/28 (Call 08/01/22)(a)	USD		375		384,862
5.13%, 02/15/23 (Call 09/03/19)	USD		200		203,112
5.13%, 05/01/23 (Call 09/03/19)(a)(c)	USD		150		153,296
5.13%, 05/01/27 (Call 05/01/22)(a)	USD		525		541,406
5.25%, 03/15/21 (Call 09/03/19)	USD		75		75,281
5.25%, 09/30/22 (Call 09/03/19)	USD		150		151,887
5.38%, 05/01/25 (Call 05/01/20)(a)(c)	USD		150		155,301
5.38%, 06/01/29 (Call 06/01/24)(a)	USD		175		181,453
5.50%, 05/01/26 (Call 05/01/21)(a)	USD		250		261,962
5.75%, 09/01/23 (Call 09/03/19)	USD		75		76,583
5.75%, 01/15/24 (Call 09/03/19)	USD		125		127,793
5.75%, 02/15/26 (Call 02/15/21)(a)	USD		375		394,818
5.88%, 04/01/24 (Call 09/03/19)(a)	USD		275		286,388
5.88%, 05/01/27 (Call 05/01/21)(a)	USD		100		104,966
CDK Global Inc.
4.88%, 06/01/27 (Call 06/01/22)	USD		75		77,713
5.00%, 10/15/24 (Call 07/15/24)	USD		75		79,164

7

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

Security		Par (000)		Value
United States (continued)
5.25%, 05/15/29 (Call 05/15/24)(a)	USD		50	$	51,813
5.88%, 06/15/26 (Call 06/15/21)	USD		100		106,370
CDW LLC/CDW Finance Corp.
5.00%, 09/01/23 (Call 09/03/19)	USD		125		127,520
5.00%, 09/01/25 (Call 03/01/20)	USD		75		78,273
5.50%, 12/01/24 (Call 06/01/24)(c)	USD		100		108,152
Cedar Fair LP, 5.25%, 07/15/29 (Call 07/15/24)(a)	USD		70		72,311
Centene Corp.
4.75%, 05/15/22 (Call 09/03/19)	USD		125		127,500
4.75%, 01/15/25 (Call 01/15/20)	USD		250		257,187
5.38%, 06/01/26 (Call 06/01/21)(a)	USD		275		290,159
6.13%, 02/15/24 (Call 09/03/19)	USD		150		157,157
CenturyLink Inc.
5.63%, 04/01/25 (Call 01/01/25)	USD		75		76,188
Series S, 6.45%, 06/15/21	USD		200		210,262
Series T, 5.80%, 03/15/22	USD		175		182,250
Series W, 6.75%, 12/01/23(c)	USD		100		108,000
Series Y, 7.50%, 04/01/24 (Call 01/01/24)	USD		150		164,484
CF Industries Inc., 3.45%, 06/01/23	USD		150		151,500
Change Healthcare Holdings LLC/Change Healthcare Finance Inc., 5.75%, 03/01/25 (Call 03/01/20)(a)	USD		190		190,986
Chemours Co. (The)
4.00%, 05/15/26 (Call 05/15/21)	EUR		100		105,255
5.38%, 05/15/27 (Call 02/15/27)	USD		75		66,281
6.63%, 05/15/23 (Call 09/03/19)	USD		125		125,860
7.00%, 05/15/25 (Call 05/15/20)(c)	USD		125		122,687
Cheniere Corpus Christi Holdings LLC
5.13%, 06/30/27 (Call 01/01/27)	USD		250		272,584
5.88%, 03/31/25 (Call 10/02/24)	USD		200		220,520
7.00%, 06/30/24 (Call 01/01/24)	USD		200		228,004
Cheniere Energy Partners LP
5.25%, 10/01/25 (Call 10/01/20)	USD		261		271,414
5.63%, 10/01/26 (Call 10/01/21)	USD		155		164,106
Chesapeake Energy Corp.
4.88%, 04/15/22 (Call 09/03/19)(c)	USD		100		91,969
7.00%, 10/01/24 (Call 04/01/21)	USD		135		111,038
7.50%, 10/01/26 (Call 10/01/21)	USD		50		39,348
8.00%, 01/15/25 (Call 01/15/20)(c)	USD		175		149,990
8.00%, 03/15/26 (Call 03/15/22)(a)	USD		156		127,168
8.00%, 06/15/27 (Call 06/15/22)(c)	USD		175		139,125
CHS/Community Health Systems Inc.
5.13%, 08/01/21 (Call 09/03/19)(c)	USD		125		123,880
6.25%, 03/31/23 (Call 03/31/20)	USD		475		456,000
6.88%, 02/01/22 (Call 09/03/19)	USD		375		254,277
8.00%, 03/15/26 (Call 03/15/22)(a)	USD		275		264,172
8.13%, 06/30/24 (Call 06/30/21)(a)	USD		225		171,745
8.63%, 01/15/24 (Call 01/15/21)(a)	USD		150		150,266
9.88%, 06/30/23 (Call 06/30/20)(a)(c)(f)	USD		250		210,937
Churchill Downs Inc.
4.75%, 01/15/28 (Call 01/15/23)(a)	USD		50		50,142
5.50%, 04/01/27 (Call 04/01/22)(a)	USD		100		104,844
Cincinnati Bell Inc., 7.00%, 07/15/24 (Call 09/15/19)(a)	USD		100		85,750
Cinemark USA Inc.
4.88%, 06/01/23 (Call 09/03/19)	USD		125		126,875
5.13%, 12/15/22 (Call 09/03/19)	USD		50		50,844
CIT Group Inc.
4.13%, 03/09/21 (Call 02/09/21)	USD		75		76,688
4.75%, 02/16/24 (Call 11/16/23)	USD		100		105,750
5.00%, 08/15/22	USD		150		159,118
5.00%, 08/01/23	USD		100		107,129

Security		Par (000)		Value
United States (continued)
5.25%, 03/07/25 (Call 12/07/24)	USD		75	$	82,116
6.13%, 03/09/28(c)	USD		50		57,625
Citgo Holding Inc., 9.25%, 08/01/24 (Call 08/01/21)(a)	USD		40		41,650
Clear Channel Worldwide Holdings Inc.
9.25%, 02/15/24 (Call 02/15/21)(a)	USD		345		374,586
Series A, 6.50%, 11/15/22 (Call 09/03/19)	USD		100		101,875
Series B, 6.50%, 11/15/22 (Call 09/03/19)	USD		250		255,000
Clearway Energy Operating LLC
5.38%, 08/15/24 (Call 09/03/19)	USD		75		76,828
5.75%, 10/15/25 (Call 10/15/21)(a)	USD		60		62,353
Cleveland-Cliffs Inc.
4.88%, 01/15/24 (Call 01/15/21)(a)	USD		50		51,221
5.75%, 03/01/25 (Call 03/01/20)	USD		126		128,268
5.88%, 06/01/27 (Call 06/01/22)(a)	USD		125		125,441
CNX Resources Corp.
5.88%, 04/15/22 (Call 09/03/19)	USD		115		110,400
7.25%, 03/14/27 (Call 03/14/22)(a)	USD		75		64,313
Colfax Corp.
3.25%, 05/15/25 (Call 05/15/20)(b)	EUR		100		114,078
6.00%, 02/15/24 (Call 02/15/21)(a)	USD		80		84,625
6.38%, 02/15/26 (Call 02/15/22)(a)	USD		65		70,010
CommScope Inc.
5.00%, 06/15/21 (Call 08/12/19)(a)	USD		100		100,059
5.50%, 03/01/24 (Call 03/01/21)(a)	USD		160		162,729
5.50%, 06/15/24 (Call 08/12/19)(a)	USD		85		77,775
6.00%, 03/01/26 (Call 03/01/22)(a)	USD		255		258,430
8.25%, 03/01/27 (Call 03/01/22)(a)	USD		155		151,658
CommScope Technologies LLC
5.00%, 03/15/27 (Call 03/15/22)(a)(c)	USD		100		84,400
6.00%, 06/15/25 (Call 06/15/20)(a)(c)	USD		250		228,125
Coty Inc., 4.75%, 04/15/26 (Call 04/15/21)(b)	EUR		100		110,116
Covanta Holding Corp.
5.88%, 03/01/24 (Call 09/03/19)	USD		50		51,375
5.88%, 07/01/25 (Call 07/01/20)	USD		50		52,042
6.00%, 01/01/27 (Call 01/01/22)	USD		50		51,500
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
5.63%, 05/01/27 (Call 05/01/22)(a)	USD		110		108,823
5.75%, 04/01/25 (Call 04/01/20)	USD		75		76,120
6.25%, 04/01/23 (Call 08/16/19)	USD		100		102,005
Crown Americas LLC/Crown Americas Capital Corp. IV, 4.50%, 01/15/23	USD		175		180,578
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26 (Call 03/31/26)	USD		50		51,000
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26 (Call 02/01/21)	USD		100		103,338
Crown European Holdings SA
2.25%, 02/01/23 (Call 11/01/22)(b)	EUR		100		117,743
2.88%, 02/01/26 (Call 08/01/25)(b)	EUR		100		120,700
3.38%, 05/15/25 (Call 11/15/24)(b)	EUR		100		123,626
4.00%, 07/15/22 (Call 04/15/22)(b)	EUR		100		122,614
CrownRock LP/CrownRock Finance Inc., 5.63%, 10/15/25 (Call 10/15/20)(a)	USD		150		147,412
CSC Holdings LLC
5.13%, 12/15/21 (Call 08/12/19)(a)	USD		200		200,321
5.25%, 06/01/24	USD		125		130,661
5.38%, 07/15/23 (Call 08/12/19)(a)	USD		200		205,068
5.38%, 02/01/28 (Call 02/01/23)(a)	USD		200		208,583
5.50%, 05/15/26 (Call 05/15/21)(a)	USD		200		209,174
5.50%, 04/15/27 (Call 04/15/22)(a)	USD		200		210,134

8

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

Security		Par (000)		Value
United States (continued)
5.75%, 01/15/30 (Call 01/15/25)(a)	USD		200	$	203,560
6.50%, 02/01/29 (Call 02/01/24)(a)	USD		200		219,819
6.63%, 10/15/25 (Call 10/15/20)(a)	USD		200		213,167
6.75%, 11/15/21	USD		150		160,687
7.50%, 04/01/28 (Call 04/01/23)(a)	USD		200		220,750
10.88%, 10/15/25 (Call 10/15/20)(a)	USD		225		257,128
CyrusOne LP/CyrusOne Finance Corp.
5.00%, 03/15/24 (Call 03/15/20)(c)	USD		75		77,317
5.38%, 03/15/27 (Call 03/15/22)	USD		75		79,500
Dana Financing Luxembourg Sarl, 5.75%, 04/15/25 (Call 04/15/20)(a)	USD		75		76,172
Dana Inc., 5.50%, 12/15/24 (Call 12/15/19)(c)	USD		75		75,785
Darling Global Finance BV, 3.63%, 05/15/26 (Call 05/15/21)(b)	EUR		100		117,848
DaVita Inc.
5.00%, 05/01/25 (Call 05/01/20)(c)	USD		200		197,400
5.13%, 07/15/24 (Call 08/16/19)	USD		275		276,213
5.75%, 08/15/22 (Call 09/03/19)	USD		150		151,783
DCP Midstream Operating LP
3.88%, 03/15/23 (Call 12/15/22)	USD		75		75,938
4.75%, 09/30/21 (Call 06/30/21)(a)	USD		75		77,134
5.13%, 05/15/29 (Call 02/15/29)	USD		110		113,667
5.38%, 07/15/25 (Call 04/15/25)	USD		150		159,565
5.85%, 05/21/43 (Call 05/21/23)(a)(d)	USD		75		70,500
Dell Inc., 4.63%, 04/01/21	USD		50		51,300
Dell International LLC/EMC Corp.
5.88%, 06/15/21 (Call 08/16/19)(a)	USD		200		203,462
7.13%, 06/15/24 (Call 08/16/19)(a)(c)	USD		225		237,839
Denbury Resources Inc.
7.75%, 02/15/24 (Call 08/15/20)(a)	USD		50		36,750
9.00%, 05/15/21 (Call 09/03/19)(a)	USD		75		70,696
9.25%, 03/31/22 (Call 09/03/19)(a)	USD		75		65,977
Diamond Offshore Drilling Inc., 7.88%, 08/15/25 (Call 05/15/25)	USD		75		71,367
Diamond Resorts International Inc.
7.75%, 09/01/23 (Call 09/03/19)(a)(c)	USD		75		77,025
10.75%, 09/01/24 (Call 09/03/19)(a)(c)	USD		100		96,500
Diamond Sports Group LLC/Diamond Sports Finance Co.
5.38%, 08/15/26 (Call 08/15/22)(a)	USD		180		182,925
6.63%, 08/15/27 (Call 08/15/22)(a)	USD		140		143,062
Diamondback Energy Inc.
4.75%, 11/01/24 (Call 11/01/19)	USD		100		102,942
5.38%, 05/31/25 (Call 05/31/20)	USD		160		168,000
DISH DBS Corp.
5.00%, 03/15/23(c)	USD		250		240,369
5.88%, 07/15/22	USD		325		329,062
5.88%, 11/15/24(c)	USD		300		279,756
6.75%, 06/01/21(c)	USD		250		260,862
7.75%, 07/01/26(c)	USD		300		294,000
Dun & Bradstreet Corp./The
6.88%, 08/15/26 (Call 02/15/22)(a)	USD		100		107,101
10.25%, 02/15/27 (Call 02/15/22)(a)(c)	USD		105		113,236
Edgewell Personal Care Co.
4.70%, 05/19/21(c)	USD		75		76,386
4.70%, 05/24/22(c)	USD		75		76,688
Elanco Animal Health Inc.
3.91%, 08/27/21	USD		50		51,052
4.27%, 08/28/23 (Call 07/28/23)	USD		100		104,992
4.90%, 08/28/28 (Call 05/28/28)	USD		100		111,340

Security		Par (000)		Value
United States (continued)
Eldorado Resorts Inc.
6.00%, 04/01/25 (Call 04/01/20)	USD		100	$	105,292
6.00%, 09/15/26 (Call 09/15/21)	USD		90		97,460
EMC Corp., 3.38%, 06/01/23 (Call 03/01/23)	USD		175		172,958
Encompass Health Corp., 5.75%, 11/01/24 (Call 09/03/19)	USD		137		138,886
Endeavor Energy Resources LP/EER Finance Inc.
5.50%, 01/30/26 (Call 01/30/21)(a)	USD		50		51,750
5.75%, 01/30/28 (Call 01/30/23)(a)	USD		75		79,500
Endo Dac/Endo Finance LLC/Endo Finco Inc.
6.00%, 07/15/23 (Call 09/02/19)(a)(c)	USD		200		128,068
6.00%, 02/01/25 (Call 02/01/20)(a)(c)	USD		200		120,000
Energizer Gamma Acquisition BV, 4.63%, 07/15/26 (Call 07/15/21)(b)	EUR		100		116,267
Energizer Holdings Inc.
5.50%, 06/15/25 (Call 06/15/20)(a)	USD		75		76,289
6.38%, 07/15/26 (Call 07/15/21)(a)(c)	USD		115		119,843
7.75%, 01/15/27 (Call 01/15/22)(a)	USD		65		70,742
EnLink Midstream Partners LP
4.15%, 06/01/25 (Call 03/01/25)	USD		100		98,633
4.40%, 04/01/24 (Call 01/01/24)	USD		75		76,198
4.85%, 07/15/26 (Call 04/15/26)	USD		100		101,430
Envision Healthcare Corp., 8.75%, 10/15/26 (Call 10/15/21)(a)(c)	USD		175		121,625
EP Energy LLC/Everest Acquisition Finance Inc.
7.75%, 05/15/26 (Call 05/15/21)(a)	USD		150		134,311
8.00%, 11/29/24 (Call 11/30/19)(a)	USD		75		49,688
8.00%, 02/15/25 (Call 02/15/20)(a)(c)	USD		125		24,263
9.38%, 05/01/24 (Call 05/01/20)(a)(c)	USD		125		25,781
Equinix Inc.
2.88%, 03/15/24 (Call 09/15/20)	EUR		100		116,100
2.88%, 10/01/25 (Call 10/01/20)	EUR		150		173,565
2.88%, 02/01/26 (Call 02/01/21)	EUR		200		232,313
5.38%, 01/01/22 (Call 09/03/19)	USD		100		102,538
5.38%, 04/01/23 (Call 09/03/19)	USD		125		127,500
5.38%, 05/15/27 (Call 05/15/22)	USD		200		215,875
5.75%, 01/01/25 (Call 01/01/20)	USD		75		77,906
5.88%, 01/15/26 (Call 01/15/21)	USD		150		159,795
ESH Hospitality Inc., 5.25%, 05/01/25 (Call 05/01/20)(a)	USD		175		180,183
Exela Intermediate LLC/Exela Finance Inc., 10.00%, 07/15/23 (Call 07/15/20)(a)(c)	USD		150		122,469
Extraction Oil & Gas Inc.
5.63%, 02/01/26 (Call 02/01/21)(a)(c)	USD		100		74,156
7.38%, 05/15/24 (Call 05/15/20)(a)	USD		100		81,344
Ferrellgas LP/Ferrellgas Finance Corp.
6.50%, 05/01/21 (Call 09/03/19)(c)	USD		75		65,969
6.75%, 01/15/22 (Call 09/03/19)(c)	USD		100		87,071
6.75%, 06/15/23 (Call 08/16/19)(c)	USD		75		64,844
Fifth Third Bancorp., 5.10%, (Call 06/30/23)(d)(g)	USD		75		74,531
First Data Corp.
5.00%, 01/15/24 (Call 08/03/19)(a)	USD		250		256,262
5.38%, 08/15/23 (Call 08/03/19)(a)	USD		175		179,672
First Quality Finance Co. Inc.
4.63%, 05/15/21 (Call 09/03/19)(a)	USD		75		75,078
5.00%, 07/01/25 (Call 07/01/20)(a)	USD		70		70,919
Flex Acquisition Co. Inc.
6.88%, 01/15/25 (Call 01/15/20)(a)	USD		75		66,553
7.88%, 07/15/26 (Call 07/15/21)(a)(c)	USD		75		67,775

9

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

Security		Par (000)		Value
United States (continued)
Freedom Mortgage Corp.
8.13%, 11/15/24 (Call 11/15/20)(a)	USD		75	$	65,273
8.25%, 04/15/25 (Call 04/15/21)(a)	USD		100		87,321
Freeport-McMoRan Inc.
3.55%, 03/01/22 (Call 12/01/21)	USD		250		250,642
3.88%, 03/15/23 (Call 12/15/22)	USD		250		251,838
4.00%, 11/14/21	USD		125		127,421
4.55%, 11/14/24 (Call 08/14/24)(c)	USD		125		128,037
6.88%, 02/15/23 (Call 02/15/20)	USD		100		105,267
Frontier Communications Corp.
6.88%, 01/15/25 (Call 10/15/24)(c)	USD		100		55,167
7.13%, 01/15/23	USD		125		73,125
7.63%, 04/15/24(c)	USD		100		55,700
8.00%, 04/01/27 (Call 04/01/22)(a)	USD		285		297,739
8.50%, 04/01/26 (Call 04/01/21)(a)	USD		275		268,730
8.75%, 04/15/22	USD		75		45,633
10.50%, 09/15/22 (Call 06/15/22)	USD		350		216,781
11.00%, 09/15/25 (Call 06/15/25)	USD		525		305,156
Genesis Energy LP/Genesis Energy Finance Corp.
6.00%, 05/15/23 (Call 09/03/19)	USD		50		50,250
6.25%, 05/15/26 (Call 02/15/21)	USD		50		49,309
6.50%, 10/01/25 (Call 10/01/20)	USD		100		100,055
6.75%, 08/01/22 (Call 09/03/19)	USD		150		152,607
Genworth Holdings Inc., 7.63%, 09/24/21	USD		100		104,063
Gogo Intermediate Holdings LLC/Gogo Finance Co. Inc., 9.88%, 05/01/24 (Call 05/01/21)(a)	USD		130		134,542
Golden Nugget Inc.
6.75%, 10/15/24 (Call 10/15/19)(a)	USD		175		180,579
8.75%, 10/01/25 (Call 10/01/20)(a)	USD		125		131,548
Goodyear Tire & Rubber Co. (The)
4.88%, 03/15/27 (Call 12/15/26)(c)	USD		100		94,402
5.00%, 05/31/26 (Call 05/31/21)(c)	USD		125		124,706
5.13%, 11/15/23 (Call 09/03/19)	USD		125		126,641
Gray Television Inc.
5.13%, 10/15/24 (Call 10/15/19)(a)(c)	USD		75		76,875
5.88%, 07/15/26 (Call 07/15/21)(a)(c)	USD		150		155,983
7.00%, 05/15/27 (Call 05/15/22)(a)	USD		100		109,284
Griffon Corp., 5.25%, 03/01/22 (Call 09/03/19)	USD		125		125,313
Gulfport Energy Corp.
6.00%, 10/15/24 (Call 10/15/19)	USD		125		95,613
6.38%, 05/15/25 (Call 05/15/20)	USD		75		57,300
6.38%, 01/15/26 (Call 01/15/21)	USD		75		56,011
Hanesbrands Finance Luxembourg SCA, 3.50%, 06/15/24 (Call 03/15/24)(b)	EUR		100		123,951
Hanesbrands Inc.
4.63%, 05/15/24 (Call 02/15/24)(a)	USD		175		182,197
4.88%, 05/15/26 (Call 02/15/26)(a)(c)	USD		125		130,625
Harland Clarke Holdings Corp.
8.38%, 08/15/22 (Call 09/03/19)(a)	USD		125		105,738
9.25%, 03/01/21 (Call 09/03/19)(a)(c)	USD		125		119,688
HCA Healthcare Inc., 6.25%, 02/15/21	USD		125		131,295
HCA Inc.
5.38%, 02/01/25	USD		425		461,796
5.38%, 09/01/26 (Call 03/01/26)	USD		170		184,375
5.63%, 09/01/28 (Call 03/01/28)	USD		225		248,305
5.88%, 05/01/23(c)	USD		200		219,271
5.88%, 02/15/26 (Call 08/15/25)(c)	USD		200		223,425
5.88%, 02/01/29 (Call 08/01/28)	USD		120		133,650
7.50%, 02/15/22	USD		350		388,176
Herc Holdings Inc., 5.50%, 07/15/27 (Call 07/15/22)(a)	USD		190		190,237

Security		Par (000)		Value
United States (continued)
Hertz Corp. (The)
5.50%, 10/15/24 (Call 10/15/19)(a)	USD		125	$	122,813
5.88%, 10/15/20 (Call 08/11/19)	USD		100		100,099
6.25%, 10/15/22 (Call 09/03/19)	USD		75		75,945
7.13%, 08/01/26 (Call 08/01/22)(a)	USD		35		35,746
7.38%, 01/15/21 (Call 08/11/19)	USD		50		50,033
7.63%, 06/01/22 (Call 09/03/19)(a)	USD		250		259,780
Hertz Holdings Netherlands BV, 5.50%, 03/30/23 (Call 03/30/20)(b)	EUR		100		116,677
Hilcorp Energy I LP/Hilcorp Finance Co.
5.00%, 12/01/24 (Call 09/03/19)(a)	USD		75		71,813
5.75%, 10/01/25 (Call 04/01/20)(a)	USD		75		72,938
6.25%, 11/01/28 (Call 11/01/23)(a)	USD		75		72,656
Hilton Domestic Operating Co. Inc.
4.25%, 09/01/24 (Call 09/01/19)	USD		175		177,525
4.88%, 01/15/30 (Call 01/15/25)(a)	USD		130		133,575
5.13%, 05/01/26 (Call 05/01/21)	USD		250		260,948
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.
4.63%, 04/01/25 (Call 04/01/20)	USD		100		102,632
4.88%, 04/01/27 (Call 04/01/22)(c)	USD		100		103,837
Hologic Inc.
4.38%, 10/15/25 (Call 10/15/20)(a)(c)	USD		100		100,674
4.63%, 02/01/28 (Call 02/01/23)(a)(c)	USD		125		128,359
Howard Hughes Corp. (The), 5.38%, 03/15/25 (Call 03/15/20)(a)	USD		225		231,469
HUB International Ltd., 7.00%, 05/01/26 (Call 05/01/21)(a)	USD		175		177,952
Hughes Satellite Systems Corp.
5.25%, 08/01/26	USD		150		158,925
6.63%, 08/01/26(c)	USD		100		107,846
7.63%, 06/15/21	USD		100		107,531
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
5.88%, 02/01/22 (Call 09/03/19)	USD		200		202,500
6.00%, 08/01/20 (Call 08/01/19)	USD		225		224,965
6.25%, 02/01/22 (Call 09/03/19)	USD		250		257,337
6.25%, 05/15/26 (Call 05/15/22)(a)	USD		140		144,812
6.38%, 12/15/25 (Call 12/15/20)	USD		150		157,237
6.75%, 02/01/24 (Call 02/01/20)	USD		75		78,344
iHeartCommunications Inc.
6.38%, 05/01/26 (Call 05/01/22)(c)	USD		125		133,087
8.38%, 05/01/27 (Call 05/01/22)	USD		200		210,913
Infor U.S. Inc.
5.75%, 05/15/22 (Call 08/15/19)	EUR		100		112,758
6.50%, 05/15/22 (Call 08/16/19)	USD		225		228,937
International Game Technology PLC
3.50%, 07/15/24 (Call 01/15/24)(b)	EUR		100		120,544
6.50%, 02/15/25 (Call 08/15/24)(a)	USD		200		219,500
IQVIA Inc.
2.25%, 01/15/28 (Call 07/15/22)(b)	EUR		100		111,340
2.88%, 09/15/25 (Call 09/15/20)(b)	EUR		100		114,734
3.25%, 03/15/25 (Call 03/15/20)(b)	EUR		300		342,812
4.88%, 05/15/23 (Call 08/28/19)(a)	USD		100		102,482
5.00%, 10/15/26 (Call 10/15/21)(a)	USD		200		207,833
5.00%, 05/15/27 (Call 05/15/22)(a)	USD		200		208,476
Iron Mountain Inc.
4.88%, 09/15/27 (Call 09/15/22)(a)(c)	USD		125		124,364
5.25%, 03/15/28 (Call 12/27/22)(a)	USD		150		151,397
5.75%, 08/15/24 (Call 08/12/19)(c)	USD		175		176,923
6.00%, 08/15/23 (Call 08/12/19)	USD		75		76,656
Iron Mountain UK PLC, 3.88%, 11/15/25 (Call 11/15/20)(b)	GBP		100		121,123

10

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

Security		Par (000)		Value
United States (continued)
iStar Inc.
4.63%, 09/15/20 (Call 06/15/20)	USD		75	$	75,758
5.25%, 09/15/22 (Call 09/15/19)	USD		50		50,934
Jack Ohio Finance LLC/Jack Ohio Finance 1 Corp., 6.75%, 11/15/21 (Call 09/03/19)(a)	USD		125		128,031
Jaguar Holding Co. II/Pharmaceutical Product Development LLC, 6.38%, 08/01/23 (Call 09/03/19)(a)	USD		250		259,062
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance Inc., 5.50%, 01/15/30 (Call 01/15/25)(a)	USD		60		60,000
JC Penney Corp. Inc.
5.88%, 07/01/23 (Call 09/03/19)(a)	USD		75		62,518
8.63%, 03/15/25 (Call 03/15/21)(a)(c)	USD		75		37,500
K Hovnanian Enterprises Inc.
10.00%, 07/15/22 (Call 09/03/19)(a)	USD		50		42,750
10.50%, 07/15/24 (Call 07/15/20)(a)	USD		75		59,681
KB Home, 7.00%, 12/15/21 (Call 09/15/21)	USD		75		80,728
Kennedy-Wilson Inc., 5.88%, 04/01/24 (Call 09/03/19)	USD		150		153,937
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC
4.75%, 06/01/27 (Call 06/01/22)(a)(c)	USD		100		102,337
5.00%, 06/01/24 (Call 09/03/19)(a)	USD		150		154,959
5.25%, 06/01/26 (Call 06/01/21)(a)	USD		175		182,303
L Brands Inc.
5.25%, 02/01/28(c)	USD		75		69,505
5.63%, 02/15/22	USD		125		131,101
5.63%, 10/15/23	USD		75		77,958
6.63%, 04/01/21	USD		50		52,840
7.50%, 06/15/29 (Call 06/15/24)	USD		75		75,308
LABL Escrow Issuer LLC
6.75%, 07/15/26 (Call 07/15/22)(a)	USD		100		102,000
10.50%, 07/15/27 (Call 07/15/22)(a)	USD		105		106,050
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
5.25%, 03/15/22 (Call 09/15/21)(a)	USD		50		51,429
5.25%, 10/01/25 (Call 10/01/20)(a)	USD		60		61,418
Lamar Media Corp.
5.00%, 05/01/23 (Call 09/03/19)	USD		50		50,951
5.38%, 01/15/24 (Call 09/03/19)	USD		75		77,178
5.75%, 02/01/26 (Call 02/01/21)	USD		70		74,080
Lamb Weston Holdings Inc.
4.63%, 11/01/24 (Call 11/01/21)(a)	USD		100		104,391
4.88%, 11/01/26 (Call 11/01/21)(a)(c)	USD		125		130,182
Leidos Holdings Inc., 4.45%, 12/01/20 (Call 09/01/20)	USD		50		50,844
Lennar Corp.
4.13%, 01/15/22 (Call 10/15/21)	USD		75		76,976
4.50%, 04/30/24 (Call 01/31/24)	USD		100		104,210
4.75%, 04/01/21 (Call 02/01/21)	USD		75		76,866
4.75%, 11/15/22 (Call 08/15/22)	USD		75		77,764
4.75%, 05/30/25 (Call 02/28/25)	USD		100		104,764
4.75%, 11/29/27 (Call 05/29/27)	USD		125		131,523
4.88%, 12/15/23 (Call 09/15/23)	USD		55		57,954
5.88%, 11/15/24 (Call 05/15/24)	USD		50		54,875
Level 3 Financing Inc.
5.13%, 05/01/23 (Call 09/03/19)	USD		175		176,316
5.25%, 03/15/26 (Call 03/15/21)	USD		100		104,292
5.38%, 08/15/22 (Call 09/03/19)	USD		225		226,025
5.38%, 01/15/24 (Call 09/03/19)	USD		125		127,075
5.38%, 05/01/25 (Call 05/01/20)	USD		125		129,297
5.63%, 02/01/23 (Call 09/03/19)	USD		75		75,975
6.13%, 01/15/21 (Call 09/03/19)	USD		100		100,369

Security		Par (000)		Value
United States (continued)
Levi Strauss & Co., 3.38%, 03/15/27 (Call 03/15/22)	EUR		100	$	117,865
Liberty Mutual Group Inc., 3.63%, 05/23/59 (Call 05/23/24)(b)(d)	EUR		100		116,447
Lions Gate Capital Holdings LLC
5.88%, 11/01/24 (Call 11/01/19)(a)(c)	USD		100		104,500
6.38%, 02/01/24 (Call 02/01/21)(a)	USD		40		42,225
LKQ European Holdings BV, 4.13%, 04/01/28 (Call 04/01/23)(b)	EUR		100		121,848
LKQ Italia Bondco SpA, 3.88%, 04/01/24 (Call 01/01/24)(b)	EUR		100		123,561
Mallinckrodt International Finance SA, 4.75%, 04/15/23(c)	USD		100		62,000
Mallinckrodt International Finance SA/Mallinckrodt CB LLC
5.50%, 04/15/25 (Call 04/15/20)(a)(c)	USD		100		57,068
5.63%, 10/15/23 (Call 09/02/19)(a)(c)	USD		100		63,604
5.75%, 08/01/22 (Call 09/03/19)(a)(c)	USD		100		75,000
Matador Resources Co., 5.88%, 09/15/26 (Call 09/15/21)	USD		175		172,898
Match Group Inc., 5.00%, 12/15/27 (Call 12/15/22)(a)	USD		75		78,568
Mattel Inc., 6.75%, 12/31/25 (Call 12/31/20)(a)(c)	USD		250		263,437
Mauser Packaging Solutions Holding Co.
4.75%, 04/15/24 (Call 04/15/20)(b)	EUR		100		114,663
5.50%, 04/15/24 (Call 04/15/20)(a)	USD		200		200,675
7.25%, 04/15/25 (Call 04/15/20)(a)	USD		225		213,164
MEDNAX Inc.
5.25%, 12/01/23 (Call 09/03/19)(a)	USD		100		100,077
6.25%, 01/15/27 (Call 01/15/22)(a)	USD		165		163,930
Meredith Corp., 6.88%, 02/01/26 (Call 02/01/21)(c)	USD		200		212,000
Meritage Homes Corp., 6.00%, 06/01/25 (Call 03/01/25)	USD		50		54,612
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer Inc.
4.50%, 09/01/26 (Call 06/01/26)	USD		75		77,175
5.63%, 05/01/24 (Call 02/01/24)	USD		150		160,250
5.75%, 02/01/27 (Call 11/01/26)(a)	USD		130		140,481
MGM Resorts International
4.63%, 09/01/26 (Call 06/01/26)	USD		50		51,353
5.50%, 04/15/27 (Call 01/15/27)	USD		170		179,992
5.75%, 06/15/25 (Call 03/15/25)	USD		125		135,431
6.00%, 03/15/23	USD		200		217,398
6.63%, 12/15/21	USD		175		189,894
7.75%, 03/15/22	USD		150		167,955
Molina Healthcare Inc., 5.38%, 11/15/22 (Call 08/15/22)	USD		150		156,985
Moss Creek Resources Holdings Inc.
7.50%, 01/15/26 (Call 01/15/21)(a)	USD		100		78,250
10.50%, 05/15/27 (Call 05/15/22)(a)	USD		75		66,570
MPH Acquisition Holdings LLC, 7.13%, 06/01/24 (Call 09/03/19)(a)	USD		200		195,000
MPT Operating Partnership LP/MPT Finance Corp.
3.33%, 03/24/25 (Call 12/24/24)	EUR		100		123,510
4.00%, 08/19/22 (Call 05/19/22)	EUR		100		123,240
4.63%, 08/01/29 (Call 08/01/24)	USD		40		40,512
5.00%, 10/15/27 (Call 10/15/22)	USD		275		284,904
5.25%, 08/01/26 (Call 08/01/21)	USD		75		78,017
6.38%, 03/01/24 (Call 09/03/19)	USD		75		78,750
MSCI Inc.
4.75%, 08/01/26 (Call 08/01/21)(a)	USD		100		104,104
5.25%, 11/15/24 (Call 11/15/19)(a)	USD		150		154,830
5.38%, 05/15/27 (Call 05/15/22)(a)	USD		75		80,104
5.75%, 08/15/25 (Call 08/15/20)(a)	USD		100		104,979

11

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

Security		Par (000)		Value
United States (continued)
Murphy Oil Corp.
4.00%, 06/01/22 (Call 03/01/22)	USD		75	$	75,201
4.20%, 12/01/22 (Call 09/01/22)	USD		100		101,472
5.75%, 08/15/25 (Call 08/15/20)	USD		75		76,875
6.88%, 08/15/24 (Call 09/03/19)	USD		50		52,363
Nabors Industries Inc.
4.63%, 09/15/21	USD		125		122,422
5.00%, 09/15/20	USD		29		29,218
5.50%, 01/15/23 (Call 11/15/22)(c)	USD		75		70,125
5.75%, 02/01/25 (Call 11/01/24)	USD		150		131,250
Nationstar Mortgage Holdings Inc.
8.13%, 07/15/23 (Call 07/15/20)(a)	USD		125		129,922
9.13%, 07/15/26 (Call 07/15/21)(a)	USD		150		157,359
Nationstar Mortgage LLC/Nationstar Capital Corp., 6.50%, 07/01/21 (Call 09/03/19)	USD		100		99,962
Navient Corp.
5.00%, 10/26/20	USD		75		76,648
5.50%, 01/25/23	USD		175		181,510
5.88%, 03/25/21	USD		100		104,100
5.88%, 10/25/24(c)	USD		75		76,974
6.13%, 03/25/24	USD		150		157,704
6.50%, 06/15/22	USD		125		133,906
6.63%, 07/26/21	USD		100		106,332
6.75%, 06/25/25	USD		75		78,375
6.75%, 06/15/26(c)	USD		75		78,211
7.25%, 01/25/22	USD		75		81,645
7.25%, 09/25/23	USD		75		81,778
Navios Maritime Holdings Inc./Navios Maritime Finance II U.S. Inc., 7.38%, 01/15/22 (Call 09/02/19)(a)	USD		75		50,906
Navistar International Corp., 6.63%, 11/01/25 (Call 11/01/20)(a)	USD		150		153,670
NCR Corp.
4.63%, 02/15/21 (Call 09/03/19)	USD		75		75,161
5.00%, 07/15/22 (Call 09/03/19)	USD		100		100,664
5.88%, 12/15/21 (Call 09/03/19)	USD		50		50,523
6.38%, 12/15/23 (Call 09/03/19)	USD		100		102,875
Neiman Marcus Group Ltd. LLC/Neiman Marcus Group LLC/Mariposa Borrower/NMG, 8.00%, 10/25/24 (Call 09/03/19)(a)(c)	USD		83		35,331
Netflix Inc.
3.63%, 05/15/27	EUR		200		238,928
3.88%, 11/15/29(b)	EUR		100		119,535
4.38%, 11/15/26(c)	USD		175		176,969
4.63%, 05/15/29(b)	EUR		200		251,982
4.88%, 04/15/28	USD		225		232,260
5.38%, 02/01/21	USD		75		77,601
5.38%, 11/15/29(a)	USD		110		115,775
5.50%, 02/15/22	USD		75		79,665
5.75%, 03/01/24(c)	USD		50		54,297
5.88%, 02/15/25	USD		100		109,112
5.88%, 11/15/28	USD		300		330,312
6.38%, 05/15/29(a)	USD		150		168,330
Nexstar Broadcasting Inc.
5.63%, 08/01/24 (Call 08/12/19)(a)	USD		125		130,052
5.88%, 11/15/22 (Call 08/12/19)	USD		50		51,156
Nexstar Escrow Inc., 5.63%, 07/15/27 (Call 07/15/22)(a)	USD		175		181,781
NextEra Energy Operating Partners LP
4.25%, 07/15/24 (Call 04/15/24)(a)	USD		75		76,125
4.25%, 09/15/24 (Call 07/15/24)(a)	USD		75		76,102
4.50%, 09/15/27 (Call 06/15/27)(a)	USD		75		75,591

Security		Par (000)		Value
United States (continued)
NGL Energy Partners LP/NGL Energy Finance Corp.
7.50%, 11/01/23 (Call 11/01/19)	USD		100	$	103,250
7.50%, 04/15/26 (Call 04/15/22)(a)	USD		70		72,450
NGPL PipeCo LLC
4.38%, 08/15/22 (Call 05/15/22)(a)	USD		65		67,512
4.88%, 08/15/27 (Call 02/15/27)(a)	USD		75		80,204
Nielsen Co Luxembourg SARL/The, 5.00%, 02/01/25 (Call 02/01/20)(a)(c)	USD		75		72,574
Nielsen Finance LLC/Nielsen Finance Co.
4.50%, 10/01/20 (Call 09/03/19)	USD		175		175,299
5.00%, 04/15/22 (Call 09/03/19)(a)	USD		325		325,569
Noble Holding International Ltd.
7.88%, 02/01/26 (Call 02/01/21)(a)	USD		110		94,502
7.95%, 04/01/25 (Call 01/01/25)(c)	USD		50		36,929
Novelis Corp.
5.88%, 09/30/26 (Call 09/30/21)(a)	USD		250		259,756
6.25%, 08/15/24 (Call 09/03/19)(a)	USD		150		157,128
NRG Energy Inc.
5.25%, 06/15/29 (Call 06/15/24)(a)	USD		90		94,647
5.75%, 01/15/28 (Call 01/15/23)	USD		150		159,591
6.63%, 01/15/27 (Call 07/15/21)	USD		150		160,303
7.25%, 05/15/26 (Call 05/15/21)	USD		125		135,265
NuStar Logistics LP
4.80%, 09/01/20	USD		50		50,737
5.63%, 04/28/27 (Call 01/28/27)	USD		75		77,284
6.00%, 06/01/26 (Call 03/01/26)	USD		75		79,148
Oasis Petroleum Inc.
6.25%, 05/01/26 (Call 05/01/21)(a)(c)	USD		50		47,315
6.88%, 03/15/22 (Call 09/03/19)	USD		125		124,220
OI European Group BV
3.13%, 11/15/24 (Call 08/15/24)(b)	EUR		100		121,603
6.75%, 09/15/20(b)	EUR		50		59,641
Olin Corp.
5.00%, 02/01/30 (Call 02/01/24)(c)	USD		75		73,103
5.13%, 09/15/27 (Call 03/15/22)(c)	USD		100		100,625
5.63%, 08/01/29 (Call 08/01/24)	USD		95		97,494
Ortho-Clinical Diagnostics Inc./Ortho-Clinical Diagnostics SA, 6.63%, 05/15/22 (Call 09/03/19)(a)	USD		200		195,000
Outfront Media Capital LLC/Outfront Media Capital Corp.
5.00%, 08/15/27 (Call 08/15/22)(a)	USD		85		86,418
5.63%, 02/15/24 (Call 09/03/19)(c)	USD		50		51,487
5.88%, 03/15/25 (Call 09/15/19)	USD		75		77,420
Owens-Brockway Glass Container Inc.
5.00%, 01/15/22(a)	USD		150		154,396
5.88%, 08/15/23(a)	USD		100		107,580
Pacific Drilling SA, 8.38%, 10/01/23 (Call 10/01/20)(a)(c)	USD		100		97,375
Panther BF Aggregator 2 LP/Panther Finance Co. Inc.
4.38%, 05/15/26 (Call 05/15/22)(b)	EUR		100		114,052
6.25%, 05/15/26 (Call 05/15/22)(a)	USD		165		171,138
8.50%, 05/15/27 (Call 05/15/22)(a)	USD		300		304,240
Par Pharmaceutical Inc., 7.50%, 04/01/27 (Call 04/01/22)(a)	USD		255		231,412
Parsley Energy LLC/Parsley Finance Corp.
5.25%, 08/15/25 (Call 08/15/20)(a)	USD		50		50,431
5.38%, 01/15/25 (Call 01/15/20)(a)	USD		85		86,104
5.63%, 10/15/27 (Call 10/15/22)(a)(c)	USD		100		103,300
6.25%, 06/01/24 (Call 09/03/19)(a)(c)	USD		50		52,004
PBF Holding Co. LLC/PBF Finance Corp.
7.00%, 11/15/23 (Call 09/03/19)	USD		75		77,859
7.25%, 06/15/25 (Call 06/15/20)	USD		100		104,297

12

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

Security		Par (000)		Value
United States (continued)
PDC Energy Inc.
5.75%, 05/15/26 (Call 05/15/21)(c)	USD		75	$	72,532
6.13%, 09/15/24 (Call 09/15/19)	USD		50		49,444
Peabody Energy Corp.
6.00%, 03/31/22 (Call 09/03/19)(a)	USD		75		76,688
6.38%, 03/31/25 (Call 03/31/20)(a)	USD		75		77,250
Penske Automotive Group Inc.
5.50%, 05/15/26 (Call 05/15/21)	USD		60		62,250
5.75%, 10/01/22 (Call 09/03/19)	USD		75		75,750
PetSmart Inc.
5.88%, 06/01/25 (Call 06/01/20)(a)	USD		167		165,514
7.13%, 03/15/23 (Call 09/03/19)(a)	USD		300		282,185
8.88%, 06/01/25 (Call 06/01/20)(a)(c)	USD		100		96,869
Pilgrim’s Pride Corp.
5.75%, 03/15/25 (Call 03/15/20)(a)	USD		150		154,987
5.88%, 09/30/27 (Call 09/30/22)(a)	USD		100		104,952
Pitney Bowes Inc.
3.88%, 10/01/21 (Call 09/01/21)	USD		75		72,972
4.63%, 05/15/22 (Call 04/15/22)	USD		75		71,547
4.63%, 03/15/24 (Call 12/15/23)(c)	USD		75		67,734
4.70%, 04/01/23 (Call 03/01/23)	USD		50		47,148
Post Holdings Inc.
5.00%, 08/15/26 (Call 08/15/21)(a)	USD		250		255,220
5.50%, 03/01/25 (Call 03/01/20)(a)	USD		125		129,898
5.50%, 12/15/29 (Call 12/15/24)(a)	USD		80		80,875
5.63%, 01/15/28 (Call 12/01/22)(a)	USD		125		128,932
5.75%, 03/01/27 (Call 03/01/22)(a)	USD		225		233,913
Prestige Brands Inc., 6.38%, 03/01/24 (Call 09/03/19)(a)(c)	USD		100		104,479
Prime Security Services Borrower LLC/Prime Finance Inc.
5.25%, 04/15/24(a)	USD		140		143,153
5.75%, 04/15/26(a)(c)	USD		130		135,683
9.25%, 05/15/23 (Call 09/03/19)(a)	USD		228		239,400
PulteGroup Inc.
4.25%, 03/01/21 (Call 02/01/21)	USD		50		50,940
5.00%, 01/15/27 (Call 10/15/26)	USD		75		79,047
5.50%, 03/01/26 (Call 12/01/25)	USD		105		113,453
QEP Resources Inc.
5.25%, 05/01/23 (Call 02/01/23)	USD		75		68,409
5.38%, 10/01/22 (Call 07/01/22)	USD		75		69,698
5.63%, 03/01/26 (Call 12/01/25)	USD		75		64,134
Quicken Loans Inc.
5.25%, 01/15/28 (Call 01/15/23)(a)	USD		175		176,969
5.75%, 05/01/25 (Call 05/01/20)(a)	USD		175		181,125
QVC Inc.
4.38%, 03/15/23	USD		125		128,219
4.45%, 02/15/25 (Call 11/15/24)	USD		75		76,242
4.85%, 04/01/24	USD		75		77,742
5.13%, 07/02/22	USD		75		78,584
Qwest Corp., 6.75%, 12/01/21	USD		125		134,375
Rackspace Hosting Inc., 8.63%, 11/15/24 (Call 11/15/19)(a)(c)	USD		175		160,344
Range Resources Corp.
4.88%, 05/15/25 (Call 02/15/25)(c)	USD		100		83,594
5.00%, 08/15/22 (Call 05/15/22)	USD		125		115,430
5.00%, 03/15/23 (Call 12/15/22)(c)	USD		100		88,380
5.75%, 06/01/21 (Call 03/01/21)	USD		100		99,158
Realogy Group LLC/Realogy Co-Issuer Corp.
4.88%, 06/01/23 (Call 03/01/23)(a)(c)	USD		75		63,344
5.25%, 12/01/21 (Call 09/03/19)(a)	USD		75		72,188
9.38%, 04/01/27 (Call 04/01/22)(a)(c)	USD		100		86,333

Security		Par (000)		Value
United States (continued)
Refinitiv U.S. Holdings Inc.
4.50%, 05/15/26 (Call 11/15/21)(b)	EUR		100	$	119,480
6.25%, 05/15/26 (Call 11/15/21)(a)	USD		175		188,525
6.88%, 11/15/26 (Call 11/15/21)(b)	EUR		100		123,926
8.25%, 11/15/26 (Call 11/15/21)(a)	USD		250		276,937
RegionalCare Hospital Partners Holdings Inc., 8.25%, 05/01/23 (Call 09/03/19)(a)	USD		125		133,757
RegionalCare Hospital Partners Holdings Inc./LifePoint Health Inc., 9.75%, 12/01/26 (Call 12/01/21)(a)	USD		225		238,605
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu
5.13%, 07/15/23 (Call 09/03/19)(a)	USD		225		229,500
5.75%, 10/15/20 (Call 09/03/19)	USD		388		389,050
7.00%, 07/15/24 (Call 09/03/19)(a)(c)	USD		100		103,488
Rite Aid Corp., 6.13%, 04/01/23 (Call 09/03/19)(a)(c)	USD		250		210,937
Rowan Companies Inc.
4.88%, 06/01/22 (Call 03/01/22)	USD		75		69,060
7.38%, 06/15/25 (Call 03/15/25)	USD		55		41,617
Sable Permian Resources Land LLC/AEPB Finance Corp.
7.13%, 11/01/20 (Call 09/03/19)(a)(c)(e)	USD		75		6,000
7.38%, 11/01/21 (Call 09/03/19)(a)(c)(e)	USD		75		6,000
Sabre GLBL Inc., 5.25%, 11/15/23 (Call 09/03/19)(a)	USD		125		128,392
Samsonite Finco Sarl, 3.50%, 05/15/26 (Call 05/15/21)(b)	EUR		100		113,373
Sanchez Energy Corp.
6.13%, 01/15/23 (Call 09/03/19)(e)	USD		150		8,490
7.25%, 02/15/23 (Call 02/15/20)(a)(c)	USD		100		81,500
7.75%, 06/15/21 (Call 09/03/19)	USD		75		3,938
SBA Communications Corp.
4.00%, 10/01/22 (Call 10/01/19)	USD		150		151,995
4.88%, 07/15/22 (Call 09/03/19)	USD		100		101,252
4.88%, 09/01/24 (Call 09/03/19)	USD		150		154,668
Scientific Games International Inc.
3.38%, 02/15/26 (Call 02/15/21)(b)	EUR		100		113,065
5.00%, 10/15/25 (Call 10/15/20)(a)	USD		175		179,266
8.25%, 03/15/26 (Call 03/15/22)(a)	USD		200		212,500
10.00%, 12/01/22 (Call 09/03/19)	USD		136		142,018
Sealed Air Corp.
4.50%, 09/15/23 (Call 06/15/23)(b)	EUR		100		126,587
4.88%, 12/01/22 (Call 09/01/22)(a)	USD		75		78,932
5.13%, 12/01/24 (Call 09/01/24)(a)	USD		75		80,269
5.25%, 04/01/23 (Call 01/01/23)(a)	USD		50		53,139
5.50%, 09/15/25 (Call 06/15/25)(a)	USD		75		81,364
6.50%, 12/01/20 (Call 09/01/20)(a)(c)	USD		75		77,867
SemGroup Corp./Rose Rock Finance Corp., 5.63%, 07/15/22 (Call 08/16/19)(c)	USD		50		49,125
Service Corp. International/U.S.
4.63%, 12/15/27 (Call 12/15/22)	USD		75		76,875
5.13%, 06/01/29 (Call 06/01/24)	USD		100		105,583
5.38%, 05/15/24 (Call 09/03/19)	USD		125		128,506
ServiceMaster Co. LLC (The), 5.13%, 11/15/24 (Call 11/15/19)(a)	USD		150		155,916
SESI LLC
7.13%, 12/15/21 (Call 09/03/19)	USD		100		73,500
7.75%, 09/15/24 (Call 09/15/20)	USD		75		44,625
Silgan Holdings Inc., 3.25%, 03/15/25 (Call 03/15/20)	EUR		100		114,489
Sinclair Television Group Inc.
5.13%, 02/15/27 (Call 08/15/21)(a)	USD		50		50,266
5.38%, 04/01/21 (Call 08/13/19)	USD		100		99,935
5.63%, 08/01/24 (Call 08/16/19)(a)(c)	USD		125		128,556
6.13%, 10/01/22 (Call 08/16/19)	USD		75		76,275

13

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

Security		Par (000)		Value
United States (continued)
Sirius XM Radio Inc.
3.88%, 08/01/22 (Call 08/01/20)(a)	USD		225	$	227,827
4.63%, 05/15/23 (Call 09/03/19)(a)	USD		100		101,612
4.63%, 07/15/24 (Call 07/15/21)(a)	USD		225		231,592
5.00%, 08/01/27 (Call 08/01/22)(a)	USD		200		206,117
5.38%, 04/15/25 (Call 04/15/20)(a)	USD		175		181,665
5.38%, 07/15/26 (Call 07/15/21)(a)	USD		125		130,781
5.50%, 07/01/29 (Call 07/01/24)(a)	USD		190		199,025
Six Flags Entertainment Corp.
4.88%, 07/31/24 (Call 09/03/19)(a)	USD		125		127,813
5.50%, 04/15/27 (Call 04/15/22)(a)(c)	USD		65		68,507
SM Energy Co.
5.00%, 01/15/24 (Call 09/03/19)(c)	USD		75		68,813
5.63%, 06/01/25 (Call 06/01/20)(c)	USD		75		65,700
6.13%, 11/15/22 (Call 09/03/19)	USD		75		73,000
6.63%, 01/15/27 (Call 01/15/22)	USD		75		65,438
6.75%, 09/15/26 (Call 09/15/21)	USD		75		67,219
Solera LLC/Solera Finance Inc., 10.50%, 03/01/24 (Call 09/03/19)(a)(c)	USD		275		295,575
Southwestern Energy Co.
6.20%, 01/23/25 (Call 10/23/24)	USD		125		107,500
7.50%, 04/01/26 (Call 04/01/21)	USD		125		109,734
7.75%, 10/01/27 (Call 10/01/22)(c)	USD		75		65,250
Spectrum Brands Inc.
5.75%, 07/15/25 (Call 07/15/20)(c)	USD		150		156,009
6.63%, 11/15/22 (Call 09/03/19)	USD		75		76,500
Springleaf Finance Corp.
5.63%, 03/15/23	USD		100		107,157
6.13%, 05/15/22	USD		150		160,844
6.13%, 03/15/24 (Call 09/15/23)	USD		215		232,995
6.63%, 01/15/28 (Call 07/15/27)	USD		85		92,230
6.88%, 03/15/25	USD		200		223,716
7.13%, 03/15/26	USD		250		280,860
7.75%, 10/01/21	USD		100		109,510
8.25%, 12/15/20	USD		125		133,632
Sprint Communications Inc.
6.00%, 11/15/22	USD		325		345,312
7.00%, 08/15/20	USD		200		207,442
11.50%, 11/15/21	USD		125		146,222
Sprint Corp.
7.13%, 06/15/24	USD		350		383,153
7.25%, 09/15/21	USD		400		430,000
7.63%, 02/15/25 (Call 11/15/24)	USD		250		277,507
7.63%, 03/01/26 (Call 11/01/25)	USD		225		251,725
7.88%, 09/15/23	USD		650		723,531
SS&C Technologies Inc., 5.50%, 09/30/27 (Call 03/30/22)(a)	USD		275		286,000
Standard Industries Inc./NJ
4.75%, 01/15/28 (Call 01/15/23)(a)	USD		125		124,219
5.00%, 02/15/27 (Call 02/15/22)(a)	USD		75		76,491
5.38%, 11/15/24 (Call 11/15/19)(a)	USD		250		257,678
5.50%, 02/15/23 (Call 09/03/19)(a)	USD		100		102,462
6.00%, 10/15/25 (Call 10/15/20)(a)	USD		125		131,689
Staples Inc.
7.50%, 04/15/26 (Call 04/15/22)(a)	USD		300		306,750
10.75%, 04/15/27 (Call 04/15/22)(a)	USD		160		165,600
Starwood Property Trust Inc.
3.63%, 02/01/21 (Call 11/01/20)	USD		75		75,338
4.75%, 03/15/25 (Call 09/15/24)	USD		75		76,219
5.00%, 12/15/21 (Call 09/15/21)	USD		150		154,687

Security		Par (000)		Value
United States (continued)
Steel Dynamics Inc.
5.00%, 12/15/26 (Call 12/15/21)(c)	USD		50	$	52,315
5.13%, 10/01/21 (Call 09/03/19)	USD		50		50,269
5.25%, 04/15/23 (Call 09/03/19)	USD		50		50,875
5.50%, 10/01/24 (Call 10/01/19)	USD		75		77,233
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.50%, 06/01/24 (Call 09/03/19)	USD		75		76,635
Summit Materials LLC/Summit Materials Finance Corp., 6.13%, 07/15/23 (Call 08/16/19)	USD		100		101,563
Sunoco LP/Sunoco Finance Corp.
4.88%, 01/15/23 (Call 01/15/20)	USD		175		178,447
5.50%, 02/15/26 (Call 02/15/21)	USD		100		103,750
5.88%, 03/15/28 (Call 03/15/23)	USD		60		62,391
6.00%, 04/15/27 (Call 04/15/22)	USD		80		84,314
Symantec Corp.
3.95%, 06/15/22 (Call 03/15/22)	USD		75		76,247
4.20%, 09/15/20	USD		125		126,799
5.00%, 04/15/25 (Call 04/15/20)(a)	USD		150		153,070
Talen Energy Supply LLC
6.50%, 06/01/25 (Call 06/01/20)	USD		100		80,000
6.63%, 01/15/28 (Call 01/15/23)(a)	USD		45		43,200
7.25%, 05/15/27 (Call 05/15/22)(a)	USD		115		113,806
10.50%, 01/15/26 (Call 01/15/22)(a)	USD		75		70,473
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
4.75%, 10/01/23 (Call 10/01/20)(a)	USD		75		75,993
5.50%, 09/15/24 (Call 09/15/19)(a)	USD		100		101,594
5.50%, 01/15/28 (Call 01/15/23)(a)(c)	USD		150		148,830
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.25%, 11/15/23 (Call 09/03/19)	USD		100		100,412
5.00%, 01/15/28 (Call 01/15/23)	USD		100		101,276
5.13%, 02/01/25 (Call 02/01/20)	USD		50		51,566
5.25%, 05/01/23 (Call 09/03/19)	USD		75		75,988
5.38%, 02/01/27 (Call 02/01/22)	USD		100		104,224
5.88%, 04/15/26 (Call 04/15/21)	USD		200		212,000
6.50%, 07/15/27 (Call 07/15/22)(a)	USD		125		136,400
6.75%, 03/15/24 (Call 09/15/19)	USD		75		77,871
6.88%, 01/15/29 (Call 01/15/24)(a)	USD		100		110,359
Taylor Morrison Communities Inc.
5.75%, 01/15/28 (Call 10/15/27)(a)	USD		40		41,453
5.88%, 06/15/27 (Call 03/15/27)(a)	USD		75		78,563
6.63%, 05/15/22 (Call 08/17/19)	USD		100		103,328
TEGNA Inc., 6.38%, 10/15/23 (Call 09/03/19)	USD		100		103,023
Teleflex Inc.
4.63%, 11/15/27 (Call 11/15/22)	USD		100		103,318
4.88%, 06/01/26 (Call 06/01/21)	USD		50		52,011
Tempur Sealy International Inc.
5.50%, 06/15/26 (Call 06/15/21)(c)	USD		75		78,454
5.63%, 10/15/23 (Call 09/03/19)	USD		75		77,297
Tenet Healthcare Corp.
4.38%, 10/01/21	USD		150		152,812
4.50%, 04/01/21	USD		125		127,051
4.63%, 07/15/24 (Call 07/15/20)	USD		300		306,000
5.13%, 05/01/25 (Call 05/01/20)(c)	USD		200		200,250
6.00%, 10/01/20	USD		325		335,562
6.25%, 02/01/27 (Call 02/01/22)(a)	USD		210		217,980
6.75%, 06/15/23(c)	USD		350		359,625
7.00%, 08/01/25 (Call 08/01/20)(c)	USD		75		74,813
8.13%, 04/01/22	USD		350		373,844

14

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

Security		Par (000)		Value
United States (continued)
Tenneco Inc., 4.88%, 04/15/22 (Call 08/30/19)(b)	EUR		175	$	189,188
TerraForm Power Operating LLC
4.25%, 01/31/23 (Call 10/31/22)(a)	USD		100		100,347
5.00%, 01/31/28 (Call 07/31/27)(a)	USD		75		75,814
Tesla Inc., 5.30%, 08/15/25 (Call 08/15/20)(a)(c)	USD		275		242,000
T-Mobile USA Inc.
4.00%, 04/15/22 (Call 03/16/22)	USD		75		76,313
4.50%, 02/01/26 (Call 02/01/21)	USD		125		127,559
4.75%, 02/01/28 (Call 02/01/23)	USD		250		257,370
5.13%, 04/15/25 (Call 04/15/20)	USD		75		77,510
5.38%, 04/15/27 (Call 04/15/22)	USD		75		79,727
6.00%, 03/01/23 (Call 08/12/19)	USD		175		178,463
6.00%, 04/15/24 (Call 08/12/19)	USD		225		234,846
6.38%, 03/01/25 (Call 09/01/19)	USD		325		336,714
6.50%, 01/15/26 (Call 01/15/21)	USD		325		347,867
Toll Brothers Finance Corp.
4.35%, 02/15/28 (Call 11/15/27)	USD		50		50,538
4.38%, 04/15/23 (Call 01/15/23)(c)	USD		50		51,919
4.88%, 03/15/27 (Call 12/15/26)(c)	USD		60		63,342
5.88%, 02/15/22 (Call 11/15/21)	USD		50		53,167
TransDigm Inc.
6.00%, 07/15/22 (Call 09/03/19)	USD		150		151,732
6.25%, 03/15/26 (Call 03/15/22)(a)	USD		625		657,031
6.38%, 06/15/26 (Call 06/15/21)	USD		200		204,190
6.50%, 07/15/24 (Call 09/03/19)	USD		200		205,050
6.50%, 05/15/25 (Call 05/15/20)	USD		150		154,246
7.50%, 03/15/27 (Call 03/15/22)(a)	USD		75		79,068
Transocean Guardian Ltd., 5.88%, 01/15/24 (Call 07/15/21)(a)	USD		67		68,252
Transocean Inc.
7.25%, 11/01/25 (Call 11/01/21)(a)	USD		100		94,000
9.00%, 07/15/23 (Call 07/15/20)(a)	USD		200		210,442
Transocean Phoenix 2 Ltd., 7.75%, 10/15/24 (Call 10/15/20)(a)	USD		37		40,028
Transocean Pontus Ltd., 6.13%, 08/01/25 (Call 08/01/21)(a)	USD		71		73,209
Transocean Poseidon Ltd., 6.88%, 02/01/27 (Call 02/01/22)(a)	USD		80		85,402
Transocean Proteus Ltd., 6.25%, 12/01/24 (Call 12/01/20)(a)	USD		94		97,523
Transocean Sentry Ltd., 5.38%, 05/15/23 (Call 05/16/21)(a)	USD		25		25,111
TRI Pointe Group Inc./TRI Pointe Homes Inc., 5.88%, 06/15/24	USD		50		52,231
Tribune Media Co., 5.88%, 07/15/22 (Call 08/12/19)	USD		150		152,539
Triumph Group Inc., 7.75%, 08/15/25 (Call 08/15/20)(c)	USD		67		67,398
Tronox Finance PLC, 5.75%, 10/01/25 (Call 10/01/20)(a)	USD		75		70,719
Tronox Inc., 6.50%, 04/15/26 (Call 04/15/21)(a)	USD		125		120,679
U.S. Steel Corp.
6.25%, 03/15/26 (Call 03/15/21)	USD		100		91,762
6.88%, 08/15/25 (Call 08/15/20)(c)	USD		100		97,250
Uber Technologies Inc.
7.50%, 11/01/23 (Call 11/01/20)(a)	USD		75		79,313
8.00%, 11/01/26 (Call 11/01/21)(a)	USD		200		211,604
United Airlines Holdings Inc., 4.25%, 10/01/22	USD		50		51,448
United Rentals North America Inc.
4.63%, 07/15/23 (Call 09/03/19)	USD		175		179,265
4.63%, 10/15/25 (Call 10/15/20)	USD		130		132,130
4.88%, 01/15/28 (Call 01/15/23)	USD		275		280,253
5.25%, 01/15/30 (Call 01/15/25)(c)	USD		75		76,790

Security		Par (000)		Value
United States (continued)
5.50%, 07/15/25 (Call 07/15/20)	USD		100	$	104,088
5.50%, 05/15/27 (Call 05/15/22)	USD		125		131,463
5.88%, 09/15/26 (Call 09/15/21)	USD		125		133,039
6.50%, 12/15/26 (Call 12/15/21)	USD		200		217,440
Uniti Group LP/Uniti Fiber Holdings Inc./CSL Capital LLC, 7.13%, 12/15/24 (Call 12/15/19)(a)	USD		75		64,875
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC
6.00%, 04/15/23 (Call 09/03/19)(a)	USD		100		95,281
8.25%, 10/15/23 (Call 09/03/19)	USD		175		159,031
Univision Communications Inc.
5.13%, 05/15/23 (Call 09/03/19)(a)	USD		200		198,859
5.13%, 02/15/25 (Call 02/15/20)(a)	USD		200		194,700
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26 (Call 04/01/21)	USD		100		104,260
6.88%, 09/01/27 (Call 09/01/22)(a)	USD		105		110,037
Vector Group Ltd., 6.13%, 02/01/25 (Call 02/01/20)(a)	USD		125		118,594
VeriSign Inc.
4.63%, 05/01/23 (Call 09/03/19)	USD		100		101,402
4.75%, 07/15/27 (Call 07/15/22)	USD		125		131,491
5.25%, 04/01/25 (Call 01/01/25)	USD		75		81,188
Veritas U.S. Inc./Veritas Bermuda Ltd., 10.50%, 02/01/24 (Call 08/12/19)(a)(c)	USD		200		176,696
Verscend Escrow Corp., 9.75%, 08/15/26 (Call 08/15/21)(a)	USD		250		266,969
Vertiv Group Corp., 9.25%, 10/15/24 (Call 10/15/19)(a)	USD		125		118,477
Viacom Inc.
5.88%, 02/28/57 (Call 02/28/22)(d)	USD		100		103,500
6.25%, 02/28/57 (Call 02/28/27)(d)	USD		100		105,000
ViaSat Inc.
5.63%, 09/15/25 (Call 09/15/20)(a)	USD		100		100,036
5.63%, 04/15/27 (Call 04/15/22)(a)	USD		105		109,947
Viking Cruises Ltd., 5.88%, 09/15/27 (Call 09/15/22)(a)	USD		125		129,409
Vistra Energy Corp., 5.88%, 06/01/23 (Call 09/03/19)	USD		75		76,688
Vistra Operations Co. LLC
5.00%, 07/31/27 (Call 07/31/22)(a)	USD		155		158,724
5.50%, 09/01/26 (Call 09/01/21)(a)	USD		175		183,372
5.63%, 02/15/27 (Call 02/15/22)(a)	USD		200		210,674
VOC Escrow Ltd., 5.00%, 02/15/28 (Call 02/15/23)(a)	USD		100		102,000
Washington Prime Group LP, 5.95%, 08/15/24 (Call 06/15/24)(c)	USD		100		93,708
WellCare Health Plans Inc.
5.25%, 04/01/25 (Call 04/01/20)	USD		150		155,383
5.38%, 08/15/26 (Call 08/15/21)(a)	USD		110		116,563
West Corp., 8.50%, 10/15/25 (Call 10/15/20)(a)(c)	USD		175		148,203
Western Digital Corp., 4.75%, 02/15/26 (Call 11/15/25)(c)	USD		350		346,792
Whiting Petroleum Corp.
5.75%, 03/15/21 (Call 12/15/20)	USD		125		125,404
6.25%, 04/01/23 (Call 01/01/23)(c)	USD		50		49,000
6.63%, 01/15/26 (Call 10/15/25)(c)	USD		175		164,500
William Lyon Homes Inc., 5.88%, 01/31/25 (Call 01/31/20)	USD		100		100,125
WMG Acquisition Corp., 4.13%, 11/01/24 (Call 11/01/19)(b)	EUR		90		104,489
Worldpay LLC/Vantiv Issuer Corp., 3.88%, 11/15/25 (Call 08/01/19)(b)	GBP		100		128,155
WPX Energy Inc.
5.25%, 09/15/24 (Call 06/15/24)	USD		75		75,375
5.75%, 06/01/26 (Call 06/01/21)	USD		75		77,063
6.00%, 01/15/22 (Call 10/15/21)	USD		50		51,795
8.25%, 08/01/23 (Call 06/01/23)	USD		75		84,306

15

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

Security		Par/ Shares (000)		Value
United States (continued)
WR Grace & Co.-Conn, 5.13%, 10/01/21(a)	USD		100	$	104,000
Wyndham Destinations Inc.
3.90%, 03/01/23 (Call 12/01/22)	USD		38		38,338
4.25%, 03/01/22 (Call 12/01/21)	USD		106		107,815
5.75%, 04/01/27 (Call 01/01/27)	USD		50		53,185
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
4.25%, 05/30/23 (Call 02/28/23)(a)	USD		75		75,790
5.25%, 05/15/27 (Call 02/15/27)(a)	USD		125		128,060
5.50%, 03/01/25 (Call 12/01/24)(a)	USD		275		288,406
Xerox Corp.
4.13%, 03/15/23 (Call 02/15/23)	USD		150		150,750
4.50%, 05/15/21	USD		150		153,607
XPO Logistics Inc.
6.13%, 09/01/23 (Call 09/03/19)(a)(c)	USD		125		128,841
6.50%, 06/15/22 (Call 09/03/19)(a)	USD		175		178,106
6.75%, 08/15/24 (Call 08/15/21)(a)	USD		125		133,556
Zayo Group LLC/Zayo Capital Inc.
5.75%, 01/15/27 (Call 01/15/22)(a)	USD		300		304,875
6.00%, 04/01/23 (Call 09/03/19)	USD		200		206,000
6.38%, 05/15/25 (Call 05/15/20)(c)	USD		125		128,437
					117,442,104
Total Corporate Bonds & Notes — 97.6% (Cost: $174,332,724)					172,229,526
Common Stocks
United Kingdom — 0.0%
New Look Retails Holdings Ltd.			53		6,877
Total Common Stocks — 0.0% (Cost: $0)					6,877
Preferred Stocks
United States — 0.0%
MYT Holding Co. 10.00%, 06/07/29(a)			17		15,979
Total Preferred Stocks — 0.0% (Cost: $15,810)					15,979

Security	Shares (000)		Value
Short-Term Investments
Money Market Funds — 13.2%
BlackRock Cash Funds: Institutional, SL Agency Shares,
2.45%(h)(i)(j)		21,964	$	21,974,820
BlackRock Cash Funds: Treasury, SL Agency Shares,
2.25%(h)(i)		1,387		1,387,000
				23,361,820
Total Short-Term Investments — 13.2% (Cost: $23,351,495)				23,361,820
Total Investments in Securities — 110.8% (Cost: $197,700,029)				195,614,202
Other Assets, Less Liabilities — (10.8)%				(19,137,277	)
Net Assets — 100.0%			$	176,476,925

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

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

^(d)  Security is issued at a fixed coupon rate, which converts to a variable rate at a specified date.

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

^(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)  Perpetual security with no stated maturity date.

^(h)  Affiliate of the Fund.

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

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

Affiliates

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: Institutional, SL Agency Shares		38,617		(16,653	)		21,964	$	21,974,820	$	112,177	(a)	$	1,273	$	5,236
BlackRock Cash Funds: Treasury, SL Agency Shares		2,804		(1,417	)		1,387		1,387,000		21,178			—		—
								$	23,361,820	$	133,355		$	1,273	$	5,236

^(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.

16

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

Fair Value Measurements (continued)

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	$	—	$	172,229,526	$	—	$	172,229,526
Common Stocks		6,877		—		—		6,877
Preferred Stocks		15,979		—		—		15,979
Money Market Funds		23,361,820		—		—		23,361,820
	$	23,384,676	$	172,229,526	$	—	$	195,614,202

Currency Abbreviations
CAD	Canadian Dollar
EUR	Euro
GBP	British Pound

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