0001752724-19-133911.txt : 20190926 0001752724-19-133911.hdr.sgml : 20190926 20190926165616 ACCESSION NUMBER: 0001752724-19-133911 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: 191118599 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 S000036776 iShares J.P. Morgan EM Corporate Bond ETF C000112502 iShares J.P. Morgan EM Corporate Bond ETF CEMB ACCESSION NUMBER: 0001752724-19-127841 NPORT-EX 1 NPORT_11110031649962087.htm iShares JP Morgan EM Corporate Bond ETF

Schedule of Investments  (unaudited) 

July 31, 2019

   

iShares® J.P. Morgan EM Corporate Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

Corporate Bonds & Notes

 

Argentina — 2.2%            

Adecoagro SA, 6.00%, 09/21/27 (Call 09/21/22)(a)

   $     150     $ 142,594  

Agua y Saneamientos Argentinos SA, 6.63%, 02/01/23 (Call 02/01/21)(a)

     150       112,125  

Arcor SAIC, 6.00%, 07/06/23 (Call 07/06/20)(a)(b)

     224       220,220  

Genneia SA, 8.75%, 01/20/22 (Call 01/20/20)(a)(b)

     100       93,188  

Pampa Energia SA

    

7.38%, 07/21/23 (Call 07/21/20)(a)(b)

     200       198,250  

7.50%, 01/24/27 (Call 01/24/22)(a)(b)

     300       275,897  

Rio Energy SA/UGEN SA/UENSA SA, 6.88%, 02/01/25 (Call 02/01/22)(a)(b)

     150       112,687  

Stoneway Capital Corp., 10.00%, 03/01/27 (Call 03/01/22)(a)

     139       128,067  

Tecpetrol SA, 4.88%, 12/12/22 (Call 12/12/20)(a)

     100       96,875  

Transportadora de Gas del Sur SA, 6.75%, 05/02/25 (Call 05/02/22)(a)(b)

     150       139,116  

YPF SA

    

6.95%, 07/21/27(a)(b)

     325       293,312  

7.00%, 12/15/47 (Call 06/15/47)(a)(b)

     200       171,484  

8.50%, 07/28/25(a)

     450       446,850  

8.50%, 06/27/29 (Call 03/27/29)(c)

     200       193,500  

8.75%, 04/04/24(a)

     330       336,806  
   

 

 

  
        2,960,971  
Brazil — 7.1%            

Banco BTG Pactual SA/Cayman Islands, 5.50%, 01/31/23(a)(b)

     200       210,980  

Banco do Brasil SA/Cayman

    

4.63%, 01/15/25(a)

     200       207,931  

4.75%, 03/20/24(a)

     200       209,562  

5.88%, 01/19/23(a)

     200       214,187  

9.00%, (Call 06/18/24)(a)(b)(d)(e)

     200       223,669  

9.25%, (Call 04/15/23)(a)(d)(e)

     200       224,606  

Braskem Netherlands Finance BV

    

3.50%, 01/10/23(a)(b)

     200       199,988  

4.50%, 01/10/28(a)(b)

     200       201,404  

BRF SA, 3.95%, 05/22/23(a)

     200       197,600  

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

     200       232,200  

CSN Islands XII Corp., 7.00%, (Call 09/23/19)(a)(d)

     100       92,811  

Embraer Netherlands Finance BV

    

5.05%, 06/15/25

     205       222,233  

5.40%, 02/01/27

     50       55,688  

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

     50       53,281  

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

     50       50,320  

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

     150       165,227  

Itau Unibanco Holding SA/Cayman Islands

    

5.13%, 05/13/23(a)

     200       209,544  

5.65%, 03/19/22(a)

     200       210,260  

6.50%, (Call 03/19/23)(a)(b)(d)(e)

     200       204,512  

JBS Investments II GmbH, 7.00%, 01/15/26 (Call 01/15/22)(a)

     200       214,000  

JBS USA LUX SA/JBS USA Finance Inc., 5.88%, 07/15/24 (Call 09/03/19)(a)

     75       77,063  

JBS USA LUX SA/JBS USA Food Co./JBS USA Finance Inc., 6.50%, 04/15/29 (Call 04/15/24)(a)

     100       107,375  

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

     200       210,687  

Marfrig Holdings Europe BV, 8.00%, 06/08/23 (Call 08/30/19)(a)(b)

     200       208,125  

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

     200       204,500  
Security  

Par

(000)

     Value  
Brazil (continued)            

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

   $     200     $ 206,100  

Odebrecht Offshore Drilling Finance Ltd., 7.72%, (7.72% PIK), 12/01/26 (Call 12/01/21)(a)(f)

     154       42,392  

Oi SA, 10.00%, (10.00% PIK), 07/27/25(f)

     200       202,000  

Petrobras Global Finance BV

    

4.38%, 05/20/23(b)

     100       103,775  

5.30%, 01/27/25(b)

     218       234,906  

5.63%, 05/20/43

     100       101,950  

5.75%, 02/01/29

     200       214,500  

6.00%, 01/27/28

     425       464,525  

6.13%, 01/17/22

     100       107,906  

6.25%, 03/17/24(b)

     225       250,387  

6.75%, 01/27/41

     100       111,750  

6.85%, 06/05/15

     150       163,500  

6.88%, 01/20/40

     98       110,740  

6.90%, 03/19/49

     200       223,929  

7.25%, 03/17/44(b)

     150       175,584  

7.38%, 01/17/27(b)

     250       295,625  

8.75%, 05/23/26

     200       251,200  

Rumo Luxembourg Sarl, 5.88%, 01/18/25 (Call 01/18/22)(a)

     200       212,375  

St. Marys Cement Inc. Canada, 5.75%, 01/28/27 (Call 10/28/26)(a)

     200       220,834  

Suzano Austria GmbH, 6.00%, 01/15/29 (Call 10/15/28)(a)

     400       441,480  

Ultrapar International SA, 5.25%, 06/06/29(c)

     200       210,250  

Vale Overseas Ltd.

    

6.25%, 08/10/26(b)

     200       226,450  

6.88%, 11/10/39

     200       244,760  

8.25%, 01/17/34

     200       263,946  
   

 

 

  
      9,488,617  
Chile — 4.0%            

AES Gener SA, 7.13%, 03/26/79 (Call 07/06/24)(a)(e)

     200       216,219  

Banco de Credito e Inversiones SA,
3.50%, 10/12/27(a)(b)

     200       204,250  

Celulosa Arauco y Constitucion SA

    

4.25%, 04/30/29 (Call 01/30/29)(a)

     200       208,985  

4.50%, 08/01/24 (Call 05/01/24)

     200       210,187  

5.50%, 04/30/49 (Call 10/30/48)(a)

     200       215,215  

Cencosud SA

    

4.38%, 07/17/27 (Call 04/17/27)(a)

     400       396,580  

5.15%, 02/12/25 (Call 11/12/24)(a)(b)

     200       211,450  

Colbun SA, 4.50%, 07/10/24 (Call 04/11/24)(a)

     400       421,000  

Empresa Electrica Guacolda SA, 4.56%, 04/30/25 (Call 01/30/25)(a)(b)

     200       189,250  

Empresa Nacional de Telecomunicaciones SA

    

4.75%, 08/01/26 (Call 05/03/26)(a)

     200       210,187  

4.88%, 10/30/24(a)

     200       210,581  

Enel Americas SA, 4.00%, 10/25/26 (Call 07/25/26)

     200       204,938  

Enel Chile SA, 4.88%, 06/12/28

     300       327,891  

GNL Quintero SA, 4.63%, 07/31/29(a)

     200       212,500  

Inversiones CMPC SA/Cayman Islands Branch, 4.38%, 05/15/23 (Call 02/15/23)(a)(b)

     600       624,750  

Latam Finance Ltd.

    

6.88%, 04/11/24 (Call 04/11/21)(a)

     200       210,312  

7.00%, 03/01/26 (Call 03/01/23)(a)

     200       210,950  

SACI Falabella, 3.75%, 04/30/23(a)

     200       206,000  

Telefonica Chile SA, 3.88%, 10/12/22(a)

     200       206,438  

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

     400       413,724  
   

 

 

  
        5,311,407  
 

 

 

1

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

iShares® J.P. Morgan EM Corporate Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
China — 9.2%            

Alibaba Group Holding Ltd.

    

3.40%, 12/06/27 (Call 09/06/27)

   $     500     $     508,961  

4.00%, 12/06/37 (Call 06/06/37)

     200       208,050  

Azure Nova International Finance Ltd., 3.50%, 03/21/22(a)

     200       201,087  

Baidu Inc.

    

3.50%, 11/28/22

     200       204,125  

4.13%, 06/30/25

     200       210,062  

Bank of China Ltd./Hong Kong

    

3.30%, 03/08/23, (3 mo. LIBOR US +
0.850%)(a)(g)

     200       200,734  

3.88%, 06/30/25(a)

     200       209,687  

Bank of China Ltd./Macau, 2.88%, 04/20/22(a)

     200       201,250  

Bank of Communications Co. Ltd., 4.50%, 10/03/24 (Call 10/03/19)(a)(e)

     200       200,563  

BOC Aviation Ltd., 3.46%, 09/26/23 (Call 08/26/23), (3 mo. LIBOR US + 1.125%)(a)(g)

     200       200,586  

China Cinda Finance 2015 I Ltd.,
4.25%, 04/23/25(a)

     200       209,000  

China Cinda Finance 2017 I Ltd.

    

3.88%, 02/08/23(a)

     200       205,604  

4.75%, 02/21/29(a)

     200       217,144  

China Construction Bank Corp.

    

3.88%, 05/13/25 (Call 05/13/20)(a)(e)

     200       201,125  

4.25%, 02/27/29 (Call 02/27/24)(a)(e)

     200       207,125  

China Evergrande Group

    

8.25%, 03/23/22 (Call 03/23/20)(a)

     400       387,875  

8.75%, 06/28/25 (Call 06/28/21)(a)

     200       178,063  

China Overseas Finance Cayman VI Ltd., 5.95%, 05/08/24(a)

     200       225,250  

CITIC Ltd., 3.88%, 02/28/27(a)

     200       204,812  

CMBLEMTN 1 Ltd., 3.25%, 11/29/21(a)

     200       200,063  

CMHI Finance BVI Co. Ltd., 4.38%, 08/06/23(a)

     200       210,096  

CNOOC Finance 2012 Ltd., 3.88%, 05/02/22(a)

     200       206,375  

CNOOC Nexen Finance 2014 ULC, 4.25%, 04/30/24

     200       212,967  

CNPC General Capital Ltd., 3.40%, 04/16/23(a)

     200       204,000  

Country Garden Holdings Co. Ltd.

    

4.75%, 07/25/22 (Call 07/25/20)(a)

     200       199,813  

7.25%, 04/08/26 (Call 04/08/23)(a)

     200       210,625  

CRCC Yuxiang Ltd., 3.50%, 05/16/23(a)

     200       203,875  

Easy Tactic Ltd., 5.75%, 01/13/22 (Call 01/13/20)(a)

     200       196,563  

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

     200       198,375  

Franshion Brilliant Ltd., 4.00%,
(Call 01/03/23)(a)(d)(e)

     200       195,750  

Huarong Finance 2017 Co. Ltd.

    

4.50%, (Call 01/24/22)(a)(d)(e)

     400       403,250  

4.75%, 04/27/27(a)

     200       210,062  

Huarong Finance II Co. Ltd., 5.50%, 01/16/25(a)

     200       218,875  

ICBCIL Finance Co. Ltd., 2.50%, 09/29/21(a)

     200       197,920  

Industrial & Commercial Bank of China Ltd./London, 3.13%, 10/25/23, (3 mo. LIBOR US +
0.850%)(a)(g)

     400       401,132  

Industrial & Commercial Bank of China Ltd./Singapore, 3.23%, 04/24/22, (3 mo. LIBOR US + 0.950%)(a)(g)

     200       201,332  

JD.com Inc., 3.88%, 04/29/26

     200       199,500  

Kaisa Group Holdings Ltd., 8.50%, 06/30/22 (Call 06/30/20)(a)

     200       191,813  

KWG Group Holdings Ltd., 6.00%, 09/15/22 (Call 03/15/20)(a)

     200       198,438  

Lenovo Group Ltd., 4.75%, 03/29/23(a)

     200       201,875  

Nexen Inc.

    

6.40%, 05/15/37

     200       266,375  

7.50%, 07/30/39

     200       303,375  

Poly Real Estate Finance Ltd., 3.88%, 03/25/24(a)

     200       202,937  

Proven Honour Capital Ltd., 4.13%, 05/19/25(a)

     200       204,250  

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

     200       201,125  
Security  

Par

(000)

     Value  
China (continued)            

Sino-Ocean Land Treasure Finance II Ltd., 5.95%, 02/04/27(a)

   $     200     $ 213,467  

Sinopec Capital 2013 Ltd., 3.13%, 04/24/23(a)

     200       202,937  

Sunac China Holdings Ltd., 7.95%, 08/08/22 (Call 08/08/20)(a)

     200       203,687  

Tencent Holdings Ltd.

    

3.60%, 01/19/28 (Call 10/19/27)(a)

     300       308,562  

3.93%, 01/19/38 (Call 07/19/37)(a)

     200       205,843  

3.98%, 04/11/29 ( 01/11/29)(a)(b)

     200       210,170  

Tsinghua Unic Ltd., 5.38%, 01/31/23(a)

     200       189,000  

Vanke Real Estate Hong Kong Co. Ltd., 4.15%, 04/18/23(a)

     200       205,469  

Yingde Gases Investment Ltd., 6.25%, 01/19/23 (Call 01/19/21)(a)

     200       203,375  
   

 

 

  
        12,164,374  
Colombia — 4.5%            

AI Candelaria Spain SLU, 7.50%, 12/15/28 (Call 09/15/28)(a)(b)

     250       279,250  

Banco de Bogota SA

    

4.38%, 08/03/27(a)

     200       207,188  

5.38%, 02/19/23(a)(b)

     200       211,562  

6.25%, 05/12/26(a)

     200       222,781  

Bancolombia SA

    

4.88%, 10/18/27 (Call 10/18/22)(e)

     400       409,625  

5.13%, 09/11/22(b)

     293       308,108  

Colombia Telecomunicaciones SA ESP

    

5.38%, 09/27/22 (Call 08/30/19)(a)(b)

     200       202,063  

8.50%, (Call 03/30/20)(a)(d)(e)

     100       102,938  

Ecopetrol SA

    

4.13%, 01/16/25

     383       397,482  

5.38%, 06/26/26 (Call 03/26/26)

     335       370,275  

5.88%, 09/18/23

     650       724,750  

5.88%, 05/28/45

     600       674,160  

7.38%, 09/18/43

     250       321,562  

Grupo Aval Ltd., 4.75%, 09/26/22(a)

     200       204,240  

Grupo de Inversiones Suramericana SA, 5.50%, 04/29/26 (Call 01/29/26)(a)

     200       219,687  

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)

     200       207,500  

6.25%, 03/25/29 (Call 03/25/24)(a)

     200       215,600  

6.63%, 10/15/26 (Call 10/15/21)(a)

     200       218,125  

SURA Asset Management SA, 4.88%, 04/17/24(a)(b)

     100       106,469  

Transportadora de Gas Internacional SA ESP, 5.55%, 11/01/28(a)

     200       227,250  
   

 

 

  
      6,035,053  
Congo, The Democratic Republic — 0.2%  

HTA Group Ltd./Mauritius, 9.13%, 03/08/22 (Call 08/12/19)(a)

     200       209,063  
   

 

 

  
Ghana — 0.5%            

Kosmos Energy Ltd., 7.13%, 04/04/26 (Call 04/04/22)(c)

     200       201,750  

Tullow Oil PLC

    

6.25%, 04/15/22 (Call 08/12/19)(a)

     200       201,063  
   

 

 

  

7.00%, 03/01/25 (Call 03/01/21)(a)

     200       201,250  
      604,063  
Guatemala — 0.5%            

Central American Bottling Corp., 5.75%, 01/31/27 (Call 01/31/22)(a)(b)

     100       104,156  

Comunicaciones Celulares SA Via Comcel Trust, 6.88%, 02/06/24 (Call 09/20/19)(a)

     200       206,875  
 

 

 

2

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

iShares® J.P. Morgan EM Corporate Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Guatemala (continued)            

Industrial Senior Trust, 5.50%, 11/01/22(a)

   $     300     $     306,900  
   

 

 

  
      617,931  
Hong Kong — 5.3%            

AIA Group Ltd.

    

3.60%, 04/09/29 ( 01/09/29)(a)

     200       208,335  

3.90%, 04/06/28 (Call 01/06/28)(a)

     200       212,742  

4.50%, 03/16/46 (Call 09/16/45)(a)

     200       227,250  

Bank of China Hong Kong Ltd., 5.90%, (Call 09/14/23)(a)(d)(e)

     400       429,000  

Bank of East Asia Ltd. (The), 4.00%, 11/03/26 (Call 11/03/21)(a)(e)

     200       201,750  

Celestial Miles Ltd., 5.75%, (Call 01/31/24)(a)(d)(e)

     200       209,750  

China CITIC Bank International Ltd., 7.10%, (Call 11/06/23)(a)(d)(e)

     200       214,000  

China Construction Bank Asia Corp. Ltd., 4.25%, 08/20/24 (Call 08/20/19)(a)(e)

     200       200,102  

CK Hutchison International 16 Ltd.,
2.75%, 10/03/26(a)

     800       787,750  

CK Hutchison International 19 Ltd., 3.25%, 04/11/24 (Call 03/11/24)(a)(b)

     200       204,475  

HKT Capital No. 4 Ltd., 3.00%, 07/14/26(a)

     200       197,063  

HLP Finance Ltd., 4.75%, 06/25/22(a)

     200       209,062  

Hongkong Electric Finance Ltd., 2.88%, 05/03/26(a)

     200       199,000  

Hongkong Land Finance Cayman Islands Co. Ltd. (The), 4.50%, 06/01/22(a)

     200       209,937  

Hutchison Whampoa International 11 Ltd., 4.63%, 01/13/22(a)

     600       627,750  

Hutchison Whampoa International Ltd., 7.45%, 11/24/33(a)

     100       145,406  

Industrial & Commercial Bank of China Asia Ltd., 4.25%, (Call 07/21/21)(a)(d)(e)

     200       199,750  

Melco Resorts Finance Ltd., 5.25%,
04/26/26 (04/26/22)(a)

     200       202,250  

Nan Fung Treasury II Ltd., 5.50%,
(Call 05/29/20)(a)(d)

     200       196,813  

Nanyang Commercial Bank Ltd., 5.00%, (Call 06/02/22)(a)(d)(e)

     200       196,063  

NWD Finance BVI Ltd.

    

5.75%, (Call 10/05/21)(a)(d)

     200       197,875  

6.25%, (Call 03/07/24)(a)(d)

     200       201,750  

OVPH Ltd., 5.88%, (Call 03/01/21)(a)(d)

     200       204,687  

PCPD Capital Ltd., 4.75%, 03/09/22(a)

     200       200,687  

Radiant Access Ltd., 4.60%, (Call 05/18/20)(a)(d)

     400       388,250  

Sun Hung Kai Properties Capital Market Ltd., 4.50%, 02/14/22(a)

     200       209,375  

Swire Pacific MTN Financing Ltd.,
4.50%, 10/09/23(a)

     200       214,125  

Swire Properties MTN Financing Ltd., 3.63%, 01/13/26(a)

     200       206,125  
   

 

 

  
      7,101,122  
India — 5.0%            

ABJA Investment Co. Pte Ltd.

    

5.45%, 01/24/28(a)

     200       193,154  

5.95%, 07/31/24(a)

     200       210,125  

Adani Green Energy UP Ltd./Prayatna Developers Pvt Ltd./Parampujya Solar Energy, 6.25%, 12/10/24(b)(c)

     200       205,807  

Adani Ports & Special Economic Zone Ltd., 4.00%, 07/30/27 (Call 06/30/27)(a)

     200       201,840  

Axis Bank Ltd./Dubai, 3.00%, 08/08/22(a)

     200       198,875  

Bharat Petroleum Corp. Ltd., 4.00%, 05/08/25(a)

     200       206,875  

Bharti Airtel International Netherlands BV, 5.35%, 05/20/24(a)

     200       212,855  

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

     200       202,688  

Canara Bank/London, 3.25%, 08/10/22(a)

     200       200,388  

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

     200       212,437  

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

     200       201,063  
Security  

Par

(000)

     Value  
India (continued)            

ICICI Bank Ltd./Dubai

    

3.25%, 09/09/22(a)

   $     200     $ 200,813  

4.00%, 03/18/26(a)

     250       257,266  

Indian Oil Corp. Ltd.

    

4.75%, 01/16/24(a)

     200       212,687  

5.75%, 08/01/23(a)

     200       219,296  

JSW Steel Ltd., 5.25%, 04/13/22(a)

     200       204,063  

NTPC Ltd.

    

4.25%, 02/26/26(a)

     200       209,625  

4.38%, 11/26/24(a)

     200       211,187  

Oil India Ltd., 5.38%, 04/17/24(a)

     200       218,875  

ONGC Videsh Ltd.

    

3.75%, 05/07/23(a)

     200       205,000  

4.63%, 07/15/24(a)

     200       212,937  

REC Ltd., 5.25%, 11/13/23(a)

     200       213,718  

Reliance Holdings USA Inc., 5.40%, 02/14/22(a)

     250       264,766  

Reliance Industries Ltd.

    

4.13%, 01/28/25(a)

     250       261,328  

4.88%, 02/10/45(a)

     250       279,187  

State Bank of India/London

    

3.25%, 01/24/22(a)

     200       201,250  

4.38%, 01/24/24(a)

     200       210,500  

4.88%, 04/17/24(a)

     200       214,812  

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

     200       206,250  

Vedanta Resources Ltd., 7.13%, 05/31/23(a)(b)

     400       401,250  
   

 

 

  
        6,650,917  
Indonesia — 2.4%            

Bank Mandiri Persero Tbk PT, 3.75%, 04/11/24(a)

     200       205,750  

Bank Rakyat Indonesia Persero Tbk PT

    

3.95%, 03/28/24(a)

     200       206,813  

4.63%, 07/20/23(a)

     200       211,000  

Eterna Capital Pte Ltd., Series B, 8.00%,
(8.00% PIK), 12/11/22 (Call 09/02/19)(f)

     104       83,542  

Indika Energy Capital III Pte Ltd., 5.88%, 11/09/24 (Call 11/09/21)(a)

     250       243,281  

Listrindo Capital BV, 4.95%, 09/14/26
(Call 09/14/21)(a)

     200       200,563  

LLPL Capital Pte Ltd., 6.88%, 02/04/39(a)

     200       232,000  

Medco Oak Tree Pte Ltd., 7.38%, 05/14/26 (Call 05/14/23)(c)

     200       201,500  

Medco Platinum Road Pte Ltd., 6.75%, 01/30/25 (Call 01/30/22)(a)

     200       199,500  

Minejesa Capital BV

    

4.63%, 08/10/30(a)

     400       408,000  

5.63%, 08/10/37(a)

     200       215,312  

Perusahaan Gas Negara Tbk PT, 5.13%, 05/16/24(a)

     400       434,250  

Saka Energi Indonesia PT, 4.45%, 05/05/24(a)

     200       200,430  

Star Energy Geothermal Wayang Windu Ltd., 6.75%, 04/24/33 (Call 04/24/26)(a)(b)

     192       197,827  
   

 

 

  
      3,239,768  
Israel — 4.1%            

Altice Financing SA

    

6.63%, 02/15/23 (Call 08/30/19)(a)

     600       617,250  

7.50%, 05/15/26 (Call 05/15/21)(a)

     600       626,070  

Israel Chemicals Ltd., 6.38%, 05/31/38 (Call 11/30/37)(c)

     250       282,812  

Israel Electric Corp. Ltd.

    

4.25%, 08/14/28(c)

     200       209,438  

6.88%, 06/21/23(a)(b)

     200       226,625  

Series 6, 5.00%, 11/12/24(c)

     400       431,500  
 

 

 

3

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

iShares® J.P. Morgan EM Corporate Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Israel (continued)      

Teva Pharmaceutical Finance Co. BV

  

2.95%, 12/18/22(b)

   $   200     $     179,219  

Series 2, 3.65%, 11/10/21

     300       285,184  

Teva Pharmaceutical Finance Co. LLC, 6.15%, 02/01/36

     300       245,156  

Teva Pharmaceutical Finance Netherlands III BV

  

2.80%, 07/21/23(b)

     786       681,732  

3.15%, 10/01/26(b)

     851       668,035  

4.10%, 10/01/46(b)

     490       326,309  

6.00%, 04/15/24 (Call 01/15/24)

     200       185,540  

6.75%, 03/01/28 (Call 12/01/27)(b)

     500       447,500  
   

 

 

  
      5,412,370  
Jamaica — 0.4%      

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

     550       331,444  

Digicel Group Two Ltd.

  

8.25%, 09/30/22 (Call 09/30/20)(a)

     50       9,469  

9.13%, (9.13% PIK), 04/01/24 (Call 08/30/19)(a)(f)

     200       36,437  

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

     400       192,375  
   

 

 

  
      569,725  
Kazakhstan — 0.4%      

Halyk Savings Bank of Kazakhstan JSC, 5.50%, 12/21/22 (Call 09/02/19)(a)

     147       146,983  

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

     200       123,812  

Tengizchevroil Finance Co. International Ltd., 4.00%, 08/15/26(a)

     200       205,300  
   

 

 

  
      476,095  
Kuwait — 1.6%      

Al Ahli Bank of Kuwait KSCP, 3.50%, 04/05/22(a)

     200       203,063  

Burgan Senior SPC Ltd., 3.13%, 09/14/21(a)

     200       200,000  

Equate Petrochemical BV

  

3.00%, 03/03/22(a)

     450       451,125  

4.25%, 11/03/26(a)

     200       212,250  

Equate Sukuk Spc Ltd., 3.94%, 02/21/24(a)

     200       206,437  

Kuwait Projects Co. SPC Ltd.

  

4.50%, 02/23/27(a)

     200       203,625  

5.00%, 03/15/23(a)

     200       210,687  

NBK SPC Ltd., 2.75%, 05/30/22(a)

     200       199,750  

NBK Tier 1 Financing Ltd., 5.75%,
(Call 04/09/21)(a)(d)(e)

     200       206,188  
   

 

 

  
      2,093,125  
Macau — 2.6%      

Melco Resorts Finance Ltd., 4.88%, 06/06/25 (Call 06/06/20)(a)

     404       404,166  

MGM China Holdings Ltd.

  

5.38%, 05/15/24 (Call 05/15/21)(a)

     200       207,688  

5.88%, 05/15/26 (Call 05/15/22)(a)

     200       210,187  

Sands China Ltd.

  

4.60%, 08/08/23 (Call 07/08/23)

     400       424,500  

5.13%, 08/08/25 (Call 06/08/25)

     600       661,312  

5.40%, 08/08/28 (Call 05/08/28)

     600       669,844  

Studio City Co. Ltd., 7.25%, 11/30/21
(Call 08/30/19)(a)

     200       205,750  

Studio City Finance Ltd., 7.25%, 02/11/24 (Call 02/11/21)(a)

     200       211,466  

Wynn Macau Ltd.

  

4.88%, 10/01/24 (Call 10/01/20)(a)

     200       200,125  

5.50%, 10/01/27 (Call 10/01/22)(a)

     200       199,934  
   

 

 

  
      3,394,972  
Malaysia — 1.5%      

CIMB Bank Bhd, 3.26%, 03/15/22(a)

     200       203,062  

Gohl Capital Ltd., 4.25%, 01/24/27(a)

     600       623,812  

IOI Investment L Bhd, 4.38%, 06/27/22(a)

     400       411,125  
Security  

Par

(000)

     Value  
Malaysia (continued)      

Malayan Banking Bhd, 3.91%, 10/29/26
(Call 10/29/21)(a)(e)

   $     200     $     202,375  

RHB Bank Bhd, 2.50%, 10/06/21(a)

     200       199,500  

TNB Global Ventures Capital Bhd

  

3.24%, 10/19/26(a)

     200       198,688  

4.85%, 11/01/28(a)

     200       222,172  
   

 

 

  
    2,060,734  
Mexico — 5.6%      

Alfa SAB de CV, 5.25%, 03/25/24 (Call 12/25/23)(a)(b)

     200       214,687  

America Movil SAB de CV

  

3.13%, 07/16/22

     200       203,590  

3.63%, 04/22/29 (Call 01/22/29)

     200       209,028  

4.38%, 04/22/49 (Call 10/22/48)

     200       219,394  

6.13%, 03/30/40

     400       524,200  

6.38%, 03/01/35

     200       260,937  

Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa, 4.13%, 06/06/24(a)

     300       302,531  

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

     200       195,578  

Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand

  

4.13%, 11/09/22(a)(b)

     150       155,016  

5.95%, 10/01/28 (Call 10/01/23)(a)(e)

     200       212,250  

BBVA Bancomer SA/Texas

  

4.38%, 04/10/24(a)

     150       156,422  

5.13%, 01/18/33 (Call 01/17/28)(a)(e)

     200       192,250  

6.75%, 09/30/22(a)

     150       161,625  

Cemex SAB de CV

  

5.70%, 01/11/25 (Call 01/11/20)(a)(b)

     200       205,544  

6.13%, 05/05/25 (Call 05/05/20)(a)(b)

     200       206,881  

7.75%, 04/16/26 (Call 04/16/21)(a)

     200       216,000  

Coca-Cola FEMSA SAB de CV

  

3.88%, 11/26/23

     150       157,294  

5.25%, 11/26/43

     150       179,953  

Cometa Energia SA de CV, 6.38%, 04/24/35 (Call 01/24/35)(a)(b)

     195       202,983  

El Puerto de Liverpool SAB de CV, 3.88%, 10/06/26(a)

     200       200,600  

Fomento Economico Mexicano SAB de CV, 4.38%, 05/10/43

     150       163,031  

Grupo Bimbo SAB de CV

  

3.49%, 06/27/24(a)

     200       205,813  

4.50%, 01/25/22(a)

     100       103,438  

4.88%, 06/27/44(a)

     200       210,375  

Grupo Televisa SAB

  

5.00%, 05/13/45 (Call 11/13/44)

     200       202,750  

6.13%, 01/31/46 (Call 07/31/45)

     200       233,250  

6.63%, 01/15/40

     100       119,969  

Mexichem SAB de CV

  

4.88%, 09/19/22(a)

     200       209,875  

5.50%, 01/15/48 (Call 07/15/47)(a)

     200       200,531  

Sigma Alimentos SA de CV, 4.13%, 05/02/26 (Call 02/02/26)(a)

     200       202,750  

Southern Copper Corp.

  

3.88%, 04/23/25

     100       103,375  

5.25%, 11/08/42

     200       221,250  

5.88%, 04/23/45

     100       119,400  

6.75%, 04/16/40

     100       127,601  

7.50%, 07/27/35

     200       263,875  
 

 

 

4

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

iShares® J.P. Morgan EM Corporate Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Mexico (continued)      

Trust F/1401

  

5.25%, 01/30/26 (Call 10/30/25)(a)

   $       200     $     209,062  

6.39%, 01/15/50 (Call 07/15/49)(c)

     200       203,500  
   

 

 

  
      7,476,608  
Morocco — 0.7%      

OCP SA

  

4.50%, 10/22/25(a)

     200       208,000  

5.63%, 04/25/24(a)

     400       436,500  

6.88%, 04/25/44(a)

     200       239,750  
   

 

 

  
      884,250  
Nigeria — 0.5%      

IHS Netherlands Holdco BV, 9.50%, 10/27/21 (Call 08/30/19)(a)

     200       206,700  

Zenith Bank PLC, 7.38%, 05/30/22(a)

     400       431,000  
   

 

 

  
      637,700  
Oman — 0.5%      

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

     200       206,063  

Oztel Holdings SPC Ltd.

  

5.63%, 10/24/23(a)

     200       207,687  

6.63%, 04/24/28(a)

     300       307,406  
   

 

 

  
      721,156  
Panama — 0.8%      

Banco General SA, 4.13%, 08/07/27
(Call 05/07/27)(a)(b)

     200       205,212  

Banistmo SA, 3.65%, 09/19/22(a)(b)

     200       200,145  

C&W Senior Financing DAC, 6.88%, 09/15/27 (Call 09/15/22)(a)(b)

     400       417,020  

Global Bank Corp., 4.50%, 10/20/21(a)

     200       205,600  
   

 

 

  
      1,027,977  
Paraguay — 0.1%      

Bioceanico Sovereign Certificate Ltd., 0.00%, 06/05/34(a)(h)

     150       102,375  
   

 

 

  
Peru — 2.0%      

Banco BBVA Peru SA, 5.00%, 08/26/22(a)

     150       158,878  

Banco de Credito del Peru, 4.25%, 04/01/23(a)(b)

     409       428,555  

Hunt Oil Co. of Peru LLC Sucursal Del Peru, 6.38%, 06/01/28(a)

     200       224,812  

Inkia Energy Ltd., 5.88%, 11/09/27
(Call 11/09/22)(a)(b)

     200       208,200  

Kallpa Generacion SA, 4.13%, 08/16/27 (Call 05/16/27)(a)(b)

     200       205,500  

Lima Metro Line 2 Finance Ltd.,
5.88%, 07/05/34(a)(b)

     400       433,625  

Nexa Resources SA, 5.38%, 05/04/27 (Call 02/04/27)(a)

     200       210,500  

Orazul Energy Egenor S en C por A, 5.63%, 04/28/27 (Call 04/28/22)(a)(b)

     200       204,500  

Peru LNG Srl, 5.38%, 03/22/30(a)(b)

     200       217,063  

Transportadora de Gas del Peru SA, 4.25%, 04/30/28(a)(b)

     200       208,750  

Volcan Cia Minera SAA, 5.38%, 02/02/22(a)

     115       118,896  
   

 

 

  
      2,619,279  
Philippines — 0.9%      

Bank of the Philippine Islands, 4.25%, 09/04/23(a)

     200       210,625  

BDO Unibank Inc., 2.95%, 03/06/23(a)

     200       200,625  

JGSH Philippines Ltd., 4.38%, 01/23/23(a)

     200       203,556  

Petron Corp., 4.60%, (Call 07/19/23)(a)(d)(e)

     200       197,750  

SMC Global Power Holdings Corp., 6.50%, (Call 04/25/24)(a)(d)(e)

     200       204,125  

Union Bank of the Philippines, 3.37%, 11/29/22(a)

     200       203,208  
   

 

 

  
      1,219,889  
Poland — 0.2%      

Powszechna Kasa Oszczednosci Bank Polski SA Via PKO Finance AB, 4.63%, 09/26/22(a)

     200       210,750  
   

 

 

  
Security  

Par

(000)

     Value  
Qatar — 3.1%      

ABQ Finance Ltd., 3.50%, 02/22/22(a)

   $       200     $       202,625  

AKCB Finance Ltd., 4.75%, 10/09/23(a)

     200       212,687  

Ezdan Sukuk Co. Ltd., 4.88%, 04/05/22(a)

     200       179,500  

Nakilat Inc., 6.07%, 12/31/33(a)

     350       408,844  

Ooredoo International Finance Ltd.

  

3.25%, 02/21/23(a)

     350       356,296  

3.88%, 01/31/28(a)

     200       210,750  

4.50%, 01/31/43(a)

     200       216,750  

5.00%, 10/19/25(a)

     200       222,250  

QIB Sukuk Ltd.

  

3.25%, 05/23/22(a)

     200       201,188  

3.98%, 03/26/24(a)

     200       206,600  

QIIB Senior Sukuk Ltd., 4.26%, 03/05/24(a)

     200       209,063  

QNB Finance Ltd.

  

2.13%, 09/07/21(a)

     200       197,750  

3.50%, 03/28/24(a)

     400       408,250  

Ras Laffan Liquefied Natural Gas Co. Ltd. III

  

5.84%, 09/30/27(a)

     500       569,375  

6.33%, 09/30/27(a)

     250       289,297  
   

 

 

  
      4,091,225  
Russia — 5.2%      

Alfa Bank AO Via Alfa Bond Issuance PLC, 8.00%, (Call 02/03/22)(a)(d)(e)

     200       205,688  

ALROSA Finance SA, 4.65%, 04/09/24
(Call 01/09/24)(a)

     200       207,434  

Credit Bank of Moscow Via CBOM Finance PLC

  

7.12%, 06/25/24(a)

     200       208,625  

7.50%, 10/05/27 (Call 10/05/22)(a)(e)

     200       177,250  

Eurochem Finance DAC, 5.50%, 03/13/24(a)

     200       211,500  

Evraz PLC

  

5.25%, 04/02/24(a)

     200       211,500  

5.38%, 03/20/23(a)

     200       211,000  

Gazprom Neft OAO Via GPN Capital SA

  

4.38%, 09/19/22(a)

     200       205,250  

6.00%, 11/27/23(a)

     200       219,250  

Gazprom OAO Via Gaz Capital SA

  

4.95%, 07/19/22(a)

     400       421,000  

4.95%, 02/06/28(a)

     400       429,000  

6.51%, 03/07/22(a)

     100       108,500  

7.29%, 08/16/37(a)

     100       128,500  

8.63%, 04/28/34(a)

     250       345,469  

Lukoil International Finance BV

  

4.56%, 04/24/23(a)

     400       419,000  

6.66%, 06/07/22(a)

     100       109,875  

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

     200       207,312  

MMC Norilsk Nickel OJSC via MMC Finance DAC, 4.10%, 04/11/23(a)

     200       203,250  

Novatek OAO Via Novatek Finance DAC, 4.42%, 12/13/22(a)

     200       206,750  

Novolipetsk Steel via Steel Funding DAC, 4.50%, 06/15/23(a)

     200       206,937  

Novolipetsk Steel Via Steel Funding DAC, 4.70%, 05/30/26(c)

     200       209,000  

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

     200       209,500  

Rosneft Oil Co. Via Rosneft International Finance DAC, 4.20%, 03/06/22(a)

     200       204,000  

Sberbank of Russia Via SB Capital SA

  

5.13%, 10/29/22(a)

     400       415,500  

6.13%, 02/07/22(a)

     200       214,250  

VEON Holdings BV

  

4.95%, 06/16/24 (Call 03/16/24)(a)

     200       211,000  

5.95%, 02/13/23(a)

     200       215,100  

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

     400       425,000  
 

 

 

5

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

iShares® J.P. Morgan EM Corporate Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par
(000)

     Value  
Russia (continued)            

VTB Bank PJSC Via VTB Eurasia DAC, 9.50%, (Call 12/06/22)(a)(d)(e)

   $   200     $ 214,875  
   

 

 

  
        6,961,315  
Saudi Arabia — 3.2%            

Acwa Power Management And Investments One Ltd., 5.95%, 12/15/39(a)

     200       213,312  

Almarai Sukuk Ltd., 4.31%, 03/05/24(a)

     200       209,000  

Dar Al-Arkan Sukuk Co. Ltd.

    

6.88%, 04/10/22(a)

     200       204,063  

6.88%, 03/21/23(a)

     200       202,875  

SABIC Capital II BV

    

4.00%, 10/10/23(a)

     400       419,100  

4.50%, 10/10/28(a)

     200       218,300  

Saudi Electricity Global Sukuk Co., 4.21%, 04/03/22(a)

     200       208,300  

Saudi Electricity Global Sukuk Co. 2, 5.06%, 04/08/43(a)

     200       218,700  

Saudi Electricity Global Sukuk Co. 3

    

4.00%, 04/08/24(a)

     600       627,300  

5.50%, 04/08/44 (a)

     400       461,400  

Saudi Electricity Global Sukuk Co. 4

    

4.22%, 01/27/24(a)

     400       421,400  

4.72%, 09/27/28(a)

     400       441,200  

Saudi Telecom Co., 3.89%, 05/13/29(c)

     400       418,250  
   

 

 

  
      4,263,200  
Singapore — 2.9%            

DBS Group Holdings Ltd.

    

2.90%, 07/25/22, (3 mo. LIBOR US + 0.620%)(a)(g)

     200       200,595  

3.60%, (Call 09/07/21)(a)(d)(e)

     200       200,438  

4.52%, 12/11/28 (Call 12/11/23)(a)(e)

     200       211,247  

Flex Ltd., 4.75%, 06/15/25 (Call 03/15/25)

     310       323,101  

GLP Pte Ltd., 3.88%, 06/04/25(a)

     425       423,805  

Oversea-Chinese Banking Corp. Ltd.

    

4.00%, 10/15/24 (Call 10/15/19)(a)(e)

     400       400,776  

4.25%, 06/19/24(a)

     200       210,500  

SingTel Group Treasury Pte Ltd.

    

3.25%, 06/30/25(a)

     500       516,406  

3.88%, 08/28/28 (Call 05/28/28)(a)

     200       216,097  

United Overseas Bank Ltd.

    

3.50%, 09/16/26 (Call 09/16/21)(a)(e)

     400       404,000  

3.75%, 09/19/24 (Call 09/19/19)(a)(e)

     400       400,378  

3.75%, 04/15/29 (Call 04/15/24)(a)(e)

     200       205,122  

3.88%, (Call 10/19/23)(a)(d)(e)

     200       200,687  
   

 

 

  
      3,913,152  
South Africa — 2.5%            

AngloGold Ashanti Holdings PLC, 5.13%, 08/01/22(b)

     157       164,654  

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

     200       210,437  

Gold Fields Orogen Holdings BVI Ltd., 6.13%, 05/15/29 (Call 02/15/29)(a)

     200       218,000  

Liquid Telecommunications Financing PLC, 8.50%, 07/13/22 (Call 07/13/20)(a)

     200       201,938  

MTN Mauritius Investment Ltd.

    

4.76%, 11/11/24(a)

     200       202,938  

5.37%, 02/13/22(a)

     200       206,500  

6.50%, 10/13/26(a)

     200       219,540  

Myriad International Holdings BV

    

4.85%, 07/06/27 (Call 04/06/27)(a)

     200       216,312  

5.50%, 07/21/25 (Call 04/21/25)(a)

     400       443,500  

Petra Diamonds U.S. Treasury PLC, 7.25%, 05/01/22 (Call 08/30/19)(a)

     200       188,000  

Sasol Financing International Ltd., 4.50%, 11/14/22

     200       206,125  
Security  

Par
(000)

     Value  
South Africa (continued)            

SASOL Financing USA LLC

    

5.88%, 03/27/24 (Call 02/27/24)

   $   400     $ 428,800  

6.50%, 09/27/28 (Call 06/27/28)

     400       448,250  
   

 

 

  
        3,354,994  
South Korea — 4.4%            

Hanwha Life Insurance Co. Ltd., 4.70%, (Call 04/23/23)(a)(d)(e)

     200       200,500  

Heungkuk Life Insurance Co. Ltd., 4.48%, (Call 11/09/22)(a)(d)(e)

     200       195,688  

Hyundai Capital Services Inc., 3.00%, 03/06/22(a)

     400       401,165  

Kia Motors Corp., 3.00%, 04/25/23(a)

     200       200,250  

Kookmin Bank, 2.88%, 03/25/23(a)(b)

     200       201,350  

Korea East-West Power Company Ltd., 2.63%, 06/19/22(a)

     200       200,250  

Korea Gas Corp.

    

3.50%, 07/21/25(a)

     200       209,875  

3.88%, 02/12/24(a)

     400       421,625  

6.25%, 01/20/42(a)

     200       287,250  

Korea Hydro & Nuclear Power Co. Ltd.

    

3.00%, 09/19/22(a)

     200       202,812  

3.75%, 07/25/23(a)

     200       208,729  

Kyobo Life Insurance Co. Ltd., 3.95%, (Call 07/24/22)(a)(d)(e)

     200       200,813  

LG Chem Ltd.

    

3.25%, 10/15/24(a)

     200       204,432  

3.63%, 04/15/29(a)

     200       205,563  

NongHyup Bank

    

1.88%, 09/12/21(a)

     200       197,563  

2.88%, 07/17/22(a)(b)

     200       201,500  

POSCO, 4.00%, 08/01/23(a)

     200       209,102  

Shinhan Bank Co. Ltd.

    

2.88%, 03/28/22(a)

     400       403,000  

3.88%, 11/05/23(a)

     200       209,561  

Shinhan Financial Group Co. Ltd., 5.88%, (Call 08/13/23)(a)(d)(e)

     200       213,250  

SK Innovation Co. Ltd., 4.13%, 07/13/23(a)

     200       209,615  

SK Telecom Co. Ltd., 3.75%, 04/16/23(a)(b)

     200       207,288  

Woori Bank

    

4.75%, 04/30/24(a)(b)

     400       426,875  

5.25%, (Call 05/16/22)(a)(d)(e)

     200       206,500  
   

 

 

  
      5,824,556  
Taiwan — 0.5%            

Competition Team Technologies Ltd., 3.75%, 03/12/24(a)

     400       411,500  

Formosa Group Cayman Ltd., 3.38%, 04/22/25(a)

     200       202,812  
   

 

 

  
      614,312  
Thailand — 1.6%            

Bangkok Bank PCL/Hong Kong

    

4.05%, 03/19/24(a)

     400       420,500  

4.45%, 09/19/28(a)(b)

     200       217,750  

5.00%, 10/03/23(a)

     200       217,039  

Krung Thai Bank PCL/Cayman Islands, 5.20%, 12/26/24 (Call 12/26/19)(a)(e)

     200       201,246  

PTT Global Chemical PCL, 4.25%, 09/19/22(a)

     200       207,625  

PTTEP Treasury Center Co. Ltd., 4.60%, (Call 07/17/22)(a)(d)(e)

     200       204,250  

Siam Commercial Bank PCL/Cayman Islands

    

2.75%, 05/16/23(a)

     200       199,575  

4.40%, 02/11/29(a)

     200       217,750  

Thaioil Treasury Center Co. Ltd., 5.38%, 11/20/48(a)

     200       245,000  
   

 

 

  
      2,130,735  
 

 

 

6

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

iShares® J.P. Morgan EM Corporate Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

 

Par

(000)

     Value  
Turkey — 4.3%            

Akbank Turk AS

    

5.13%, 03/31/25(a)

   $     200     $ 185,875  

7.20%, 03/16/27 (Call 03/16/22)(a)(e)

     200       178,875  

Anadolu Efes Biracilik Ve Malt Sanayii AS, 3.38%, 11/01/22(a)

     200       195,563  

Coca-Cola Icecek AS, 4.22%, 09/19/24 (Call 06/19/24)(a)

     200       196,250  

KOC Holding AS

    

5.25%, 03/15/23 (Call 12/15/22)(a)

     200       197,230  

6.50%, 03/11/25 (Call 12/11/24)(a)

     200       202,625  

Petkim Petrokimya Holding AS, 5.88%, 01/26/23 (Call 01/26/21)(a)

     200       194,250  

QNB Finansbank AS

    

4.88%, 05/19/22(a)

     200       196,000  

6.88%, 09/07/24(a)

     200       206,437  

Tupras Turkiye Petrol Rafinerileri AS, 4.50%, 10/18/24 (Call 07/20/24)(a)

     200       185,600  

Turk Telekomunikasyon AS, 4.88%, 06/19/24(a)

     200       191,250  

Turkcell Iletisim Hizmetleri AS, 5.75%, 10/15/25(a)

     200       195,875  

Turkiye Garanti Bankasi AS

    

5.25%, 09/13/22(a)

     200       197,125  

5.88%, 03/16/23(a)

     400       395,255  

Turkiye Is Bankasi AS

    

5.38%, 10/06/21(a)

     200       195,978  

5.50%, 04/21/22(a)

     200       195,000  

6.00%, 10/24/22(a)

     200       188,500  

6.13%, 04/25/24(a)

     200       186,730  

7.00%, 06/29/28 (Call 06/29/23)(a)(e)

     200       168,000  

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

     200       202,000  

Turkiye Vakiflar Bankasi TAO

    

5.63%, 05/30/22(a)

     200       190,500  

5.75%, 01/30/23(a)

     200       187,270  

6.00%, 11/01/22(a)

     200       185,938  

8.13%, 03/28/24(a)

     200       197,313  

Yapi ve Kredi Bankasi AS

    

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)(e)

     300       290,812  

13.88%, (Call 01/15/24)(a)(d)(e)

     200       209,000  
   

 

 

  
        5,712,979  
Ukraine — 1.1%            

DTEK Finance PLC, 10.75%, (10.75% PIK), 12/31/24 (Call 09/02/19)(f)

     360       376,396  

Kernel Holding SA, 8.75%, 01/31/22(a)

     200       212,625  

Metinvest BV

    

7.75%, 04/23/23 (Call 01/23/23)(a)

     200       209,000  

8.50%, 04/23/26 (Call 01/23/26)(a)

     200       212,480  

MHP Lux SA, 6.95%, 04/03/26(a)

     200       204,500  

MHP SE, 7.75%, 05/10/24(a)

     200       212,980  
   

 

 

  
      1,427,981  
United Arab Emirates — 5.4%            

Abu Dhabi National Energy Co. PJSC

    

3.63%, 01/12/23(a)

     200       205,700  

4.38%, 04/23/25(a)

     200       213,687  

4.38%, 06/22/26(a)

     200       214,000  

4.88%, 04/23/30(a)

     200       224,750  

5.88%, 12/13/21(a)

     200       215,200  

6.50%, 10/27/36(a)

     200       266,812  

ADCB Finance Cayman Ltd., 4.50%, 03/06/23(a)

     200       209,700  

ADIB Capital Invest 2 Ltd., 7.13%,
(Call 09/20/23)(a)(d)(e)

     200       217,937  
Security  

Par/

Shares

(000)

     Value  
United Arab Emirates (continued)      

BOS Funding Ltd., 4.23%, 03/07/22(a)

   $ 200     $ 204,500  

DAE Funding LLC, 5.00%, 08/01/24 (Call 08/01/20)(a)

     525       555,686  

DIB Sukuk Ltd.

  

3.63%, 02/06/23(a)

     200       203,500  

3.66%, 02/14/22(a)

     200       203,188  

DIB Tier 1 Sukuk 3 Ltd., 6.25%,
(Call 01/22/25)(a)(d)(e)

     200       212,375  

Dolphin Energy Ltd. LLC, 5.50%, 12/15/21(a)(b)

     200       212,437  

DP World Crescent Ltd.

  

3.91%, 05/31/23(a)

     200       205,700  

4.85%, 09/26/28(a)

     200       215,437  

DP World PLC, 6.85%, 07/02/37(a)

     500       636,094  

Emaar Sukuk Ltd., 3.64%, 09/15/26(a)

     200       198,625  

EMG SUKUK Ltd., 4.56%, 06/18/24(a)

     200       208,875  

Emirates NBD PJSC

  

3.25%, 11/14/22(a)

     200       203,250  

6.13%, (Call 03/20/25)(a)(d)(e)

     200       207,563  

Fab Sukuk Co. Ltd.

  

3.63%, 03/05/23(a)

     200       205,813  

3.88%, 01/22/24(a)

     200       208,250  

First Abu Dhabi Bank PJSC, 3.00%, 03/30/22(a)

     200       202,250  

MAF Global Securities Ltd., 4.75%, 05/07/24(a)

     200       211,750  

Mashreqbank PSC, 4.25%, 02/26/24(a)

     200       208,250  

Ruwais Power Co. PJSC, 6.00%, 08/31/36(a)

     200       243,562  

Shelf Drilling Holdings Ltd., 8.25%, 02/15/25 (Call 02/15/21)(a)

     200       187,063  

SIB Sukuk Co. III Ltd., 4.23%, 04/18/23(a)

     200       205,688  

Union National Bank PJSC, 4.00%, 03/13/23(a)

     200       207,313  
   

 

 

  
      7,114,955  
Zambia — 1.0%      

First Quantum Minerals Ltd.

  

6.50%, 03/01/24 (Call 09/01/20)(a)

     200       191,531  

6.88%, 03/01/26 (Call 03/01/21)(a)

     200       188,094  

7.25%, 04/01/23 (Call 10/01/19)(a)

     600       594,375  

7.50%, 04/01/25 (Call 04/01/20)(a)

     400       390,812  
   

 

 

  
      1,364,812  
   

 

 

  

Total Corporate Bonds & Notes — 98.0%
(Cost: $127,200,842)

 

     130,064,507  
   

 

 

  

Foreign Government Obligations(i)

    

Nigeria — 0.2%

  

Africa Finance Corp., 3.88%, 04/13/24(a)

     200       204,800  
   

 

 

  
Supranational — 0.3%      

African Export-Import Bank (The), 5.25%, 10/11/23(a)

     400       429,375  
   

 

 

  

Total Foreign Government Obligations — 0.5%
(Cost: $622,355)

 

     634,175  
   

 

 

  

Short-Term Investments

    

Money Market Funds — 12.7%

    

BlackRock Cash Funds: Institutional,
SL Agency Shares,
    2.45%(j)(k)(l)

     15,269         15,276,139  
 

 

 

7

Schedule of Investments  (unaudited) (continued)

July 31, 2019

   

iShares® J.P. Morgan EM Corporate Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Shares

(000)

     Value  
Money Market Funds (continued)            

BlackRock Cash Funds: Treasury,
SL Agency Shares,
    2.25%(j)(k)

     1,566     $ 1,566,000  
   

 

 

  
      16,842,139  
   

 

 

  

Total Short-Term Investments — 12.7%
(Cost: $16,839,379)

 

     16,842,139  
   

 

 

  

Total Investments in Securities — 111.2%
(Cost: $144,662,576)

 

     147,540,821  

Other Assets, Less Liabilities — (11.2)%

 

     (14,908,173 ) 
   

 

 

  

Net Assets — 100.0%

 

   $   132,632,648  
   

 

 

  

 

(a) 

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

(b)

All or a portion of this security is on loan.

(c) 

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

(d)

Perpetual security with no stated maturity date.

(e) 

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

 

 

(f) 

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

(g)

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

(h)

Zero-coupon bond.

(i) 

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

(j) 

Affiliate of the Fund.

(k) 

Annualized 7-day yield as of period-end.

(l) 

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

      4,764        10,505        15,269      $ 15,276,139      $ 31,506 (a)     $ 372      $ 2,245  

BlackRock Cash Funds: Treasury,
SL Agency Shares

      336        1,230        1,566        1,566,000        13,635        —        —  
           

 

 

     

 

 

     

 

 

     

 

 

  
            $ 16,842,139      $ 45,141      $ 372      $ 2,245  
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent.

 

Fair Value Measurements

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

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

    $ —        $ 130,064,507        $ —        $ 130,064,507  

Foreign Government Obligations

      —          634,175          —          634,175  

Money Market Funds

      16,842,139          —          —          16,842,139  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $   16,842,139        $ 130,698,682        $ —        $ 147,540,821  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

Portfolio Abbreviations — Fixed Income
LIBOR    London Interbank Offered Rate
PIK    Payment-in-kind

 

 

8