NPORT-EX 2 NPORT_905574431979867.htm iShares Emerging Markets High Yield Bond ETF

Schedule of Investments  (unaudited)

January 31, 2020

   

iShares® Emerging Markets High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

Corporate Bonds & Notes

 

Argentina — 1.0%  

Pampa Energia SA, 7.50%, 01/24/27
(Call 01/24/22)(a)

   $ 350     $ 303,297  

YPF SA

    

6.95%, 07/21/27(a)

     600       512,438  

7.00%, 12/15/47 (Call 06/15/47)(a)

     400       314,125  

8.50%, 03/23/21(a)

     500       498,281  

8.50%, 07/28/25(a)

     1,450       1,328,336  

8.50%, 06/27/29 (Call 03/27/29)(a)

     350       309,914  

8.75%, 04/04/24(a)

     966       934,122  
   

 

 

  
      4,200,513  
Azerbaijan — 0.3%            

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

     1,200       1,437,750  
   

 

 

  
Bahrain — 0.4%            

Oil and Gas Holding Co. BSCC (The)

    

7.50%, 10/25/27(a)

     800       937,250  

7.63%, 11/07/24(a)

     400       469,000  

8.38%, 11/07/28(a)

     200       246,687  
   

 

 

  
      1,652,937  
Brazil — 12.5%            

Banco Bradesco SA/Cayman Islands, 5.75%, 03/01/22(a)

     600       628,200  

Banco BTG Pactual SA/Cayman Islands

    

4.50%, 01/10/25 (Call 12/10/24)(a)

     400       412,000  

5.50%, 01/31/23(a)

     200       211,138  

7.75%, 02/15/29 (Call 02/15/24)(a)(b)

     400       433,063  

Banco do Brasil SA/Cayman

    

3.88%, 10/10/22

     1,700       1,747,281  

4.63%, 01/15/25(a)

     600       637,575  

4.75%, 03/20/24(a)

     600       637,875  

4.88%, 04/19/23(a)

     400       424,250  

5.88%, 01/26/22(a)

     900       951,525  

5.88%, 01/19/23(a)

     600       650,730  

Braskem Finance Ltd., 6.45%, 02/03/24

     400       444,163  

BRF SA

    

4.75%, 05/22/24(a)

     400       414,125  

4.88%, 01/24/30 (Call 10/24/29)(a)

     400       409,288  

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

     600       702,187  

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

     1,000       1,052,812  

CSN Resources SA

    

7.63%, 02/13/23 (Call 02/13/21)(a)

     400       420,200  

7.63%, 04/17/26 (Call 04/17/22)(a)

     800       840,442  

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

     600       660,844  

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

     400       437,275  

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

     500       507,750  

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

     500       556,516  

Itau Unibanco Holding SA/Cayman Island, 4.50%, 11/21/29 (Call 11/21/24)(a)(b)

     1,000       1,026,750  

Itau Unibanco Holding SA/Cayman Islands

    

5.13%, 05/13/23(a)

     1,120       1,194,900  

5.50%, 08/06/22(a)

     960       1,018,800  

5.65%, 03/19/22(a)

     800       843,360  

6.20%, 12/21/21(a)

     600       635,220  

JBS Investments II GmbH

    

5.75%, 01/15/28 (Call 07/15/22)(a)

     400       421,784  

7.00%, 01/15/26 (Call 01/15/22)(a)

     600       653,106  

JBS USA LUX SA/JBS USA Finance Inc. 5.75%, 06/15/25 (Call 06/15/20)(a)

     550       569,525  
Security  

Par

(000)

     Value  
Brazil (continued)            

5.88%, 07/15/24 (Call 03/02/20)(a)

   $ 525     $ 539,165  

6.75%, 02/15/28 (Call 02/15/23)(a)

     500       554,844  

JBS USA LUX SA/JBS USA Food Co./JBS USA Finance Inc.

    

5.50%, 01/15/30 (Call 01/15/25)(a)

     1,300       1,409,281  

6.50%, 04/15/29 (Call 04/15/24)(a)

     600       672,000  

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

     400       434,375  

MARB BondCo PLC

    

6.88%, 01/19/25 (Call 01/19/21)(a)

     800       842,700  

7.00%, 03/15/24 (Call 03/15/20)(a)

     400       414,000  

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

     1,100       1,169,094  

MV24 Capital BV, 6.75%, 06/01/34(a)

     591       638,394  

NBM U.S. Holdings Inc.

    

6.63%, 08/06/29 (Call 08/06/24)(a)

     400       430,500  

7.00%, 05/14/26 (Call 05/14/22)(a)

     600       643,125  

Petrobras Global Finance BV

    

4.38%, 05/20/23

     956       1,008,281  

5.09%, 01/15/30(a)

     3,000       3,288,450  

5.30%, 01/27/25

     1,300       1,440,359  

5.63%, 05/20/43

     300       337,969  

5.75%, 02/01/29

     992       1,144,768  

6.00%, 01/27/28

     2,368       2,755,760  

6.25%, 03/17/24

     1,211       1,372,222  

6.75%, 01/27/41

     700       852,600  

6.85%, 06/05/2115

     1,733       2,068,335  

6.88%, 01/20/40

     600       740,812  

7.25%, 03/17/44

     986       1,244,517  

7.38%, 01/17/27

     1,301       1,613,689  

8.75%, 05/23/26

     1,879       2,456,792  

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

     697       776,059  

Rumo Luxembourg Sarl

    

5.88%, 01/18/25 (Call 01/18/22)(a)

     200       214,813  

7.38%, 02/09/24 (Call 02/09/21)(a)

     600       644,692  

Ultrapar International SA

    

5.25%, 10/06/26(a)

     400       432,125  

5.25%, 06/06/29(a)

     200       214,625  

Vale Overseas Ltd.

    

6.25%, 08/10/26

     1,000       1,179,562  

6.88%, 11/21/36

     1,300       1,707,875  

6.88%, 11/10/39

     800       1,064,000  

8.25%, 01/17/34

     500       709,819  
   

 

 

  
      54,558,286  
Chile — 0.5%            

AES Gener SA, 7.13%, 03/26/79
(Call 04/07/24)(a)(b)

     200       214,687  

Latam Finance Ltd.

    

6.88%, 04/11/24 (Call 04/11/21)(a)

     500       531,984  

7.00%, 03/01/26 (Call 03/01/23)(a)

     400       432,642  

VTR Finance BV, 6.88%, 01/15/24
(Call 02/10/20)(a)

     800       818,000  
   

 

 

  
      1,997,313  
China — 8.0%            

Agile Group Holdings Ltd.

    

6.70%, 03/07/22 (Call 03/07/21)(a)

     200       206,750  

8.50%, 07/18/21 (Call 07/18/20)(a)

     400       420,467  

CFLD Cayman Investment Ltd.

    

8.60%, 04/08/24(a)

     600       599,813  

9.00%, 07/31/21(a)

     400       413,375  

China Aoyuan Group Ltd.

    

7.95%, 09/07/21 (Call 09/07/20)(a)

     300       309,933  

8.50%, 01/23/22 (Call 01/23/21)(a)

     200       208,000  
 

 

1

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

iShares® Emerging Markets High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
China (continued)  

China Evergrande Group

    

6.25%, 06/28/21(a)

   $  1,000     $ 963,125  

7.50%, 06/28/23 (Call 06/28/20)(a)

     1,100       960,094  

8.25%, 03/23/22 (Call 03/23/20)(a)

     1,200           1,138,875  

8.75%, 06/28/25 (Call 06/28/21)(a)

     3,266       2,747,522  

9.50%, 04/11/22(a)

     900       867,375  

9.50%, 03/29/24 (Call 03/29/21)(a)

     700       619,937  

10.00%, 04/11/23 (Call 04/11/21)(a)

     600       561,750  

10.50%, 04/11/24 (Call 04/11/22)(a)

     400       366,000  

China SCE Group Holdings Ltd.

    

5.88%, 03/10/22 (Call 03/10/20)(a)

     200       198,340  

7.25%, 04/19/23 (Call 07/19/21)(a)

     600       604,500  

7.38%, 04/09/24 (Call 04/09/22)(a)

     400       403,000  

7.45%, 04/17/21 (Call 04/17/20)(a)

     400       407,152  

CIFI Holdings Group Co. Ltd.

    

5.50%, 01/23/22 (Call 03/02/20)(a)

     400       401,500  

6.45%, 11/07/24 (Call 11/07/22)(a)

     400       400,244  

6.55%, 03/28/24 (Call 03/28/22)(a)

     400       404,000  

6.88%, 04/23/21 (Call 04/23/20)(a)

     200       204,340  

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

     300       296,625  

Country Garden Holdings Co. Ltd.

    

4.75%, 07/25/22 (Call 07/25/20)(a)

     800       807,000  

4.75%, 09/28/23 (Call 09/28/20)(a)

     400       403,000  

7.25%, 04/04/21 (Call 03/02/20)(a)

     400       401,000  

Easy Tactic Ltd.

    

5.75%, 01/13/22 (Call 03/02/20)(a)

     600       583,688  

5.88%, 02/13/23 (Call 11/17/20)(a)

     400       377,620  

7.00%, 04/25/21 (Call 04/25/20)(a)

     200       201,002  

8.13%, 02/27/23 (Call 02/27/21)(a)

     1,000       997,500  

Fantasia Holdings Group Co. Ltd.

    

7.38%, 10/04/21 (Call 03/02/20)(a)

     200       196,404  

8.38%, 03/08/21(a)

     400       402,625  

Fortune Star BVI Ltd.

    

5.25%, 03/23/22 (Call 03/23/20)(a)

     1,000       1,008,125  

6.75%, 07/02/23 (Call 07/02/22)(a)

     450       467,859  

Greenland Global Investment Ltd.

    

5.88%, 07/03/24(a)

     400       383,000  

6.75%, 06/25/22(a)

     200       200,188  

6.75%, 09/26/23(a)

     400       398,000  

Kaisa Group Holdings Ltd.

    

8.50%, 06/30/22 (Call 06/30/20)(a)

     800       791,500  

9.38%, 06/30/24 (Call 06/30/21)(a)

     2,000       1,883,750  

11.25%, 04/09/22 (Call 04/09/21)(a)

     200       209,875  

11.50%, 01/30/23 (Call 05/30/21)(a)

     800       818,000  

11.95%, 10/22/22 (Call 10/22/21)(a)

     400       424,250  

KWG Group Holdings Ltd.

    

5.88%, 11/10/24 (Call 11/10/21)(a)

     400       377,375  

6.00%, 09/15/22 (Call 03/15/20)(a)

     400       399,625  

7.88%, 09/01/23 (Call 09/01/21)(a)

     600       615,000  

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

     200       200,214  

Ronshine China Holdings Ltd.

    

8.75%, 10/25/22 (Call 04/25/21)(a)

     400       413,000  

10.50%, 03/01/22(a)

     200       213,188  

Scenery Journey Ltd.

    

13.00%, 11/06/22 (Call 11/06/20)(a)

     400       404,875  

13.75%, 11/06/23 (Call 11/06/21)(a)

     500       507,969  

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

     600       611,437  
Security  

Par

(000)

     Value  
China (continued)            

Sunac China Holdings Ltd.

    

7.25%, 06/14/22 (Call 06/14/21)(a)

   $ 400     $ 407,000  

7.35%, 07/19/21 (Call 07/19/20)(a)

     400       407,388  

7.50%, 02/01/24 (Call 02/01/22)(a)

     800       804,032  

7.88%, 02/15/22 (Call 02/15/21)(a)

     400       412,000  

7.95%, 08/08/22 (Call 08/08/20)(a)

     400       412,875  

7.95%, 10/11/23 (Call 10/11/21)(a)

     500       515,781  

8.35%, 04/19/23 (Call 04/19/21)(a)

     400       417,250  

Times China Holdings Ltd.

    

6.75%, 07/16/23 (Call 07/16/22)(a)

     400       405,125  

7.63%, 02/21/22 (Call 02/21/21)(a)

     400       410,000  

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

     400       409,500  

Yuzhou Properties Co. Ltd.

    

6.00%, 10/25/23 (Call 10/25/20)(a)

     200       193,000  

8.30%, 05/27/25 (Call 11/27/22)(a)

     400       401,500  

8.38%, 10/30/24 (Call 10/30/22)(a)

     400       409,125  

8.50%, 02/04/23 (Call 02/04/22)(a)

     400       418,500  

8.50%, 02/26/24 (Call 02/26/22)(a)

     400       412,750  
   

 

 

  
        34,835,612  
Colombia — 1.4%            

Banco de Bogota SA

    

4.38%, 08/03/27 (Call 05/03/27)(a)

     400       430,625  

5.38%, 02/19/23(a)

     200       214,813  

6.25%, 05/12/26(a)

     1,200       1,360,358  

Bancolombia SA

    

4.63%, 12/18/29 (Call 12/18/24)(b)

     600       617,250  

4.88%, 10/18/27 (Call 10/18/22)(b)

     1,000       1,032,187  

Colombia Telecomunicaciones SA ESP, 5.38%, 09/27/22 (Call 03/02/20)(a)

     345       348,666  

Grupo Aval Ltd., 4.75%, 09/26/22(a)

     600       624,694  

Millicom International Cellular SA

    

5.13%, 01/15/28 (Call 09/15/22)(a)

     200       210,250  

6.00%, 03/15/25 (Call 03/15/20)(a)

     300       309,656  

6.25%, 03/25/29 (Call 03/25/24)(a)

     600       661,807  

6.63%, 10/15/26 (Call 10/15/21)(a)

     400       441,000  
   

 

 

  
      6,251,306  
Ghana — 0.1%            

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

     400       322,000  
   

 

 

  
India — 2.2%            

ABJA Investment Co. Pte Ltd.

    

5.45%, 01/24/28(a)

     600       592,890  

5.95%, 07/31/24(a)

     625       658,008  

Axis Bank Ltd./Dubai

    

2.88%, 06/01/21(a)

     200       200,625  

3.00%, 08/08/22(a)

     400       405,125  

Bharti Airtel International Netherlands BV

    

5.13%, 03/11/23(a)

     800       844,000  

5.35%, 05/20/24(a)

     600       645,750  

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

     600       623,427  

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

     200       214,437  

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

     400       405,359  

Greenko Solar Mauritius Ltd.

    

5.55%, 01/29/25 (Call 01/29/21)(a)

     400       409,000  

5.95%, 07/29/26 (Call 07/29/22)(a)

     200       204,500  

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

     500       510,000  

JSW Steel Ltd.

    

5.25%, 04/13/22(a)

     400       410,125  

5.95%, 04/18/24(a)

     400       413,250  

Shriram Transport Finance Co. Ltd.,
5.95%, 10/24/22(a)

     400       410,279  
 

 

2

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

iShares® Emerging Markets High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
India (continued)            

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

   $ 400     $ 385,500  

Vedanta Resources Ltd.

    

6.13%, 08/09/24 (Call 08/09/21)(a)

     1,200       1,065,000  

6.38%, 07/30/22(a)

     600       585,562  

7.13%, 05/31/23(a)

     300       293,344  

8.25%, 06/07/21(a)

     400       413,250  
   

 

 

  
      9,689,431  
Israel — 2.0%            

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

     350       336,437  

Teva Pharmaceutical Finance Netherlands III BV

    

2.20%, 07/21/21

     1,251       1,233,486  

2.80%, 07/21/23

     2,275       2,129,969  

3.15%, 10/01/26

     2,000       1,712,500  

4.10%, 10/01/46

     1,650       1,263,900  

6.00%, 04/15/24 (Call 01/15/24)

     800       816,000  

6.75%, 03/01/28 (Call 12/01/27)

     800       825,792  

7.13%, 01/31/25 (Call 10/31/24)(a)

     600       630,387  
   

 

 

  
      8,948,471  
Jamaica — 0.4%            

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

     713       463,227  

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

     487       126,620  

Digicel Ltd.

    

6.00%, 04/15/21 (Call 03/02/20)(a)

     650       513,338  

6.75%, 03/01/23 (Call 02/18/20)(a)

     800       513,250  
   

 

 

  
      1,616,435  
Kazakhstan — 1.1%            

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

     750       783,750  

Halyk Savings Bank of Kazakhstan JSC, 5.50%, 12/21/22 (Call 03/02/20)(a)

     147       147,944  

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

     1,000       1,415,312  

KazMunayGas National Co. JSC

    

3.88%, 04/19/22(a)

     200       206,700  

4.75%, 04/19/27(a)

     1,000       1,121,563  

5.75%, 04/19/47(a)

     800       990,000  

Nostrum Oil & Gas Finance BV, 8.00%, 07/25/22 (Call 02/10/20)(a)

     400       183,250  
   

 

 

  
      4,848,519  
Luxembourg — 0.0%            

Rede D’or Finance Sarl, 4.95%, 01/17/28 (Call 10/17/27)(a)

     200       210,688  
   

 

 

  
Mexico — 10.2%            

Banco Nacional de Comercio Exterior SNC, 3.80%, 08/11/26 (Call 08/11/21)(a)(b)

     400       405,375  

BBVA Bancomer SA/Texas

    

5.13%, 01/18/33 (Call 01/17/28)(a)(b)

     600       636,562  

5.88%, 09/13/34 (Call 09/13/29)(a)(b)

     400       443,500  

6.50%, 03/10/21(a)

     600       624,188  

6.75%, 09/30/22(a)

     800       878,000  

Cemex Finance LLC, 6.00%, 04/01/24 (Call 03/02/20)(a)

     250       256,719  

Cemex SAB de CV

    

5.45%, 11/19/29 (Call 11/19/24)(a)

     700       743,540  

5.70%, 01/11/25 (Call 03/02/20)(a)

     1,400       1,437,187  

6.13%, 05/05/25 (Call 05/05/20)(a)

     400       414,375  

7.75%, 04/16/26 (Call 04/16/21)(a)

     600       654,000  

Petroleos Mexicanos

    

3.50%, 01/30/23

     1,000       1,019,062  

4.50%, 01/23/26

     1,100       1,123,100  

4.63%, 09/21/23

     810       856,069  
Security  

Par

(000)

     Value  
Mexico (continued)            

4.88%, 01/24/22

   $ 480     $ 499,740  

4.88%, 01/18/24

     600       637,500  

5.35%, 02/12/28

     2,150       2,170,640  

5.38%, 03/13/22

     600       635,438  

5.50%, 06/27/44

     350       326,266  

5.63%, 01/23/46

     800       747,000  

6.35%, 02/12/48

     2,100       2,076,585  

6.38%, 01/23/45

     2,000       1,991,100  

6.49%, 01/23/27 (Call 11/23/26)(a)

     1,700       1,844,500  

6.50%, 03/13/27

     3,850       4,165,633  

6.50%, 01/23/29

     1,500       1,595,484  

6.50%, 06/02/41

     1,400       1,423,100  

6.63%, 06/15/35

     1,600       1,668,000  

6.75%, 09/21/47

     3,800       3,833,625  

6.84%, 01/23/30 (Call 10/23/29)(a)

     2,500       2,708,750  

6.88%, 08/04/26

     2,200       2,476,100  

7.69%, 01/23/50 (Call 07/23/49)(a)

     5,650       6,207,090  
   

 

 

  
      44,498,228  
Nigeria — 0.2%            

IHS Netherlands Holdco BV

    

7.13%, 03/18/25 (Call 09/18/21)(a)

     400       424,500  

8.00%, 09/18/27 (Call 09/18/22)(a)

     600       645,000  
   

 

 

  
      1,069,500  
Oman — 0.5%            

Bank Muscat SAOG, 3.75%, 05/03/21(a)

     400       402,250  

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

     600       592,500  

Oztel Holdings SPC Ltd.

    

5.63%, 10/24/23(a)

     600       639,750  

6.63%, 04/24/28(a)

     500       540,625  
   

 

 

  
          2,175,125  
Panama — 0.3%            

C&W Senior Financing DAC

    

6.88%, 09/15/27 (Call 09/15/22)(a)

     1,000       1,073,750  

7.50%, 10/15/26 (Call 10/15/21)(a)

     200       216,750  
   

 

 

  
      1,290,500  
Peru — 0.1%            

Peru LNG Srl, 5.38%, 03/22/30(a)

     600       586,950  
   

 

 

  
Russia — 2.3%            

Alfa Bank AO Via Alfa Bond Issuance PLC

    

5.95%, 04/15/30 (Call 04/15/25)(a)(b)

     800       825,750  

7.75%, 04/28/21(a)

     600       636,000  

Credit Bank of Moscow Via CBOM Finance PLC

    

5.55%, 02/14/23(a)

     400       414,625  

7.12%, 06/25/24(a)

     400       441,125  

Evraz PLC

    

5.25%, 04/02/24(a)

     400       433,625  

5.38%, 03/20/23(a)

     700       751,625  

6.75%, 01/31/22(a)

     400       430,875  

Gtlk Europe Capital DAC

    

4.95%, 02/18/26(a)

     800       836,000  

5.95%, 04/17/25(a)

     400       437,125  

GTLK Europe DAC, 5.13%, 05/31/24(a)

     400       422,500  

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

     400       427,500  

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

     1,300       1,377,594  

VEON Holdings BV

    

3.95%, 06/16/21 (Call 03/16/21)(a)

     200       203,062  

4.00%, 04/09/25 (Call 01/09/25)(a)

     600       624,000  

4.95%, 06/16/24 (Call 03/16/24)(a)

     400       430,125  
 

 

3

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

iShares® Emerging Markets High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Russia (continued)            

5.95%, 02/13/23(a)

   $ 400     $ 436,250  

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

     800       871,000  
   

 

 

  
      9,998,781  
South Africa — 1.2%            

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

     445       471,283  

Eskom Holdings SOC Ltd.

    

6.35%, 08/10/28(a)

     800       856,655  

6.75%, 08/06/23(a)

     817       824,925  

7.13%, 02/11/25(a)

     660       669,075  

8.45%, 08/10/28(a)

     200       215,000  

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

     200       213,313  

Gold Fields Orogen Holdings BVI Ltd.

    

5.13%, 05/15/24 (Call 04/15/24)(a)

     200       215,000  

6.13%, 05/15/29 (Call 02/15/29)(a)

     400       457,750  

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

     600       624,000  

Transnet SOC Ltd., 4.00%, 07/26/22(a)

     671       682,742  
   

 

 

  
      5,229,743  
South Korea — 0.1%            

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

     400       402,500  
   

 

 

  
Turkey — 3.7%            

Akbank Turk AS

    

5.00%, 10/24/22(a)

     300       306,628  

5.13%, 03/31/25(a)

     200       204,125  

7.20%, 03/16/27 (Call 03/16/22)(a)(b)

     400       408,375  

KOC Holding AS

    

5.25%, 03/15/23 (Call 12/15/22)(a)

     400       415,250  

6.50%, 03/11/25 (Call 12/11/24)(a)

     600       654,150  

QNB Finansbank AS

    

4.88%, 05/19/22(a)

     488       500,047  

6.88%, 09/07/24(a)

     400       436,750  

TC Ziraat Bankasi AS

    

4.75%, 04/29/21(a)

     200       203,250  

5.13%, 05/03/22(a)

     370       378,441  

5.13%, 09/29/23(a)

     450       457,031  

Turk Telekomunikasyon AS

    

4.88%, 06/19/24(a)

     200       204,688  

6.88%, 02/28/25(a)

     400       440,750  

Turkcell Iletisim Hizmetleri AS

    

5.75%, 10/15/25(a)

     400       423,125  

5.80%, 04/11/28 (Call 01/11/28)(a)

     200       208,000  

Turkiye Garanti Bankasi AS

    

5.25%, 09/13/22(a)

     400       413,875  

5.88%, 03/16/23(a)

     900       947,250  

6.13%, 05/24/27 (Call 05/24/22)(a)(b)

     400       398,625  

6.25%, 04/20/21(a)

     200       207,687  

Turkiye Halk Bankasi AS, 5.00%, 07/13/21(a)

     300       296,297  

Turkiye Is Bankasi AS

    

5.00%, 06/25/21(a)

     200       204,438  

5.38%, 10/06/21(a)

     500       514,844  

5.50%, 04/21/22(a)

     600       621,750  

6.00%, 10/24/22(a)

     650       663,406  

6.13%, 04/25/24(a)

     1,400       1,454,250  

7.00%, 06/29/28 (Call 06/29/23)(a)(b)

     200       201,563  

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

     400       439,125  

Turkiye Vakiflar Bankasi TAO

    

5.50%, 10/27/21(a)

     400       410,500  

5.63%, 05/30/22(a)

     400       411,500  

5.75%, 01/30/23(a)

     300       309,281  
Security  

Par

(000)

     Value  
Turkey (continued)            

6.00%, 11/01/22(a)

   $ 700     $ 715,969  

6.88%, 02/03/25 (Call 02/03/20)(a)(b)

     200       200,188  

8.13%, 03/28/24(a)

     400       444,500  

Yapi ve Kredi Bankasi AS

    

5.50%, 12/06/22(a)

     600       607,500  

5.75%, 02/24/22(a)

     400       414,500  

5.85%, 06/21/24(a)

     200       206,937  

6.10%, 03/16/23(a)

     200       208,437  

8.25%, 10/15/24(a)

     400       447,800  

8.50%, 03/09/26 (Call 03/09/21)(a)(b)

     400       412,375  
   

 

 

  
      16,393,207  
Ukraine — 0.3%            

Metinvest BV

    

7.75%, 04/23/23 (Call 01/23/23)(a)

     400       425,500  

7.75%, 10/17/29(a)

     200       209,000  

8.50%, 04/23/26 (Call 01/23/26)(a)

     400       437,125  

MHP SE, 7.75%, 05/10/24(a)

     400       430,625  
   

 

 

  
      1,502,250  
United Arab Emirates — 0.3%            

DAE Funding LLC

    

4.50%, 08/01/22 (Call 03/02/20)(a)

     600       610,788  

5.00%, 08/01/24 (Call 08/01/20)(a)

     500       524,375  
   

 

 

  
      1,135,163  
   

 

 

  

Total Corporate Bonds & Notes — 49.1%
(Cost: $207,414,114)

       214,851,208  
   

 

 

  

Foreign Government Obligations(c)

 

Argentina — 3.2%  

Argentine Republic Government International Bond

    

4.63%, 01/11/23

     1,900       874,000  

5.63%, 01/26/22

     1,728       851,040  

5.88%, 01/11/28

     2,550       1,116,422  

6.63%, 07/06/28

     780       348,319  

6.88%, 04/22/21

     2,725       1,452,766  

6.88%, 01/26/27

     3,024       1,362,690  

6.88%, 01/11/48

     2,450       1,033,594  

7.13%, 07/06/36

     1,120       484,050  

7.13%, 06/28/2117

     1,531       664,550  

7.50%, 04/22/26

     4,155       1,899,614  

7.63%, 04/22/46

     1,831       779,319  

8.28%, 12/31/33

     743       405,675  

Series NY, 3.75%, 12/31/38(d)

     3,250       1,365,125  

Series NY, 8.28%, 12/31/33

     2,499       1,385,849  
   

 

 

  
      14,023,013  
Azerbaijan — 0.4%            

State Oil Co. of the Azerbaijan Republic

    

4.75%, 03/13/23(a)

     1,150       1,213,250  

6.95%, 03/18/30(a)

     400       495,500  
   

 

 

  
      1,708,750  
Bahrain — 1.8%            

Bahrain Government International Bond

    

5.63%, 09/30/31(a)

     600       637,500  

6.00%, 09/19/44(a)

     1,000       1,040,625  

6.13%, 07/05/22(a)

     1,000       1,075,937  

6.13%, 08/01/23(a)

     1,400       1,548,750  

6.75%, 09/20/29(a)

     1,000       1,161,250  

7.00%, 01/26/26(a)

     600       703,313  
 

 

4

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

iShares® Emerging Markets High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Bahrain (continued)            

7.00%, 10/12/28(a)

   $ 800     $ 943,750  

7.50%, 09/20/47(a)

     600       732,187  
   

 

 

  
      7,843,312  
Brazil — 5.6%            

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

     600       665,437  

Brazilian Government International Bond

    

2.63%, 01/05/23

     1,100       1,116,156  

4.25%, 01/07/25

     3,548       3,841,819  

4.50%, 05/30/29 (Call 02/28/29)

     1,400       1,521,187  

4.63%, 01/13/28 (Call 10/13/27)

     2,700       2,984,344  

4.75%, 01/14/50 (Call 07/14/49)

     2,250       2,319,609  

5.00%, 01/27/45

     2,026       2,191,879  

5.63%, 01/07/41

     1,367       1,586,574  

5.63%, 02/21/47

     1,900       2,230,719  

6.00%, 04/07/26

     1,214       1,439,728  

7.13%, 01/20/37

     1,060       1,400,194  

8.25%, 01/20/34

     750       1,064,766  

8.75%, 02/04/25

     400       517,500  

8.88%, 04/15/24

     520       660,563  

10.13%, 05/15/27

     500       721,094  
   

 

 

  
      24,261,569  
Costa Rica — 1.0%            

Costa Rica Government International Bond

    

4.25%, 01/26/23(a)

     600       606,563  

4.38%, 04/30/25(a)

     600       605,438  

5.63%, 04/30/43(a)

     200       185,500  

6.13%, 02/19/31(a)

     1,000       1,062,187  

7.00%, 04/04/44(a)

     862       913,989  

7.16%, 03/12/45(a)

     800       858,750  
   

 

 

  
      4,232,427  
Croatia — 0.8%            

Croatia Government International Bond

    

5.50%, 04/04/23(a)

     1,000       1,104,062  

6.00%, 01/26/24(a)

     1,500       1,727,344  

6.38%, 03/24/21(a)

     806       844,285  
   

 

 

  
      3,675,691  
Dominican Republic — 2.5%            

Dominican Republic International Bond

    

5.50%, 01/27/25(a)

     800       855,500  

5.88%, 04/18/24(a)

     840       900,900  

5.95%, 01/25/27(a)

     1,600       1,755,000  

6.00%, 07/19/28(a)

     900       994,781  

6.40%, 06/05/49(a)

     900       970,594  

6.50%, 02/15/48(a)

     600       652,125  

6.60%, 01/28/24(a)

     313       347,919  

6.85%, 01/27/45(a)

     1,590       1,789,247  

6.88%, 01/29/26(a)

     803       915,922  

7.45%, 04/30/44(a)

     950       1,135,844  

7.50%, 05/06/21(a)

     400       413,800  
   

 

 

  
      10,731,632  
Ecuador — 2.9%            

Ecuador Government International Bond

    

7.88%, 03/27/25(a)

     600       510,750  

7.88%, 01/23/28(a)

     1,900       1,544,937  

7.95%, 06/20/24(a)

     1,145       1,010,463  

8.75%, 06/02/23(a)

     1,900       1,772,937  

8.88%, 10/23/27(a)

     2,100       1,781,719  

9.50%, 03/27/30(a)

     1,000       859,688  
Security   Par
(000)		     Value  
Ecuador (continued)            

9.63%, 06/02/27(a)

   $ 600     $ 528,600  

9.65%, 12/13/26(a)

     1,244       1,097,441  

10.75%, 03/28/22(a)

     2,162       2,133,624  

10.75%, 01/31/29(a)

     1,400       1,268,312  
   

 

 

  
      12,508,471  
Egypt — 3.3%            

Egypt Government International Bond

    

4.55%, 11/20/23(a)

     1,000       1,027,500  

5.58%, 02/21/23(a)

     600       630,000  

5.88%, 06/11/25(a)

     1,000       1,080,625  

6.13%, 01/31/22(a)

     1,500       1,572,187  

6.20%, 03/01/24(a)

     400       435,000  

6.59%, 02/21/28(a)

     814       867,928  

6.88%, 04/30/40(a)

     350       357,766  

7.05%, 01/15/32(a)

     800       852,250  

7.50%, 01/31/27(a)

     1,200       1,372,875  

7.60%, 03/01/29(a)

     1,300       1,454,781  

7.90%, 02/21/48(a)

     800       864,500  

8.15%, 11/20/59(a)

     200       219,000  

8.50%, 01/31/47(a)

     2,100       2,401,219  

8.70%, 03/01/49(a)

     1,000       1,152,187  
   

 

 

  
      14,287,818  
El Salvador — 1.1%            

El Salvador Government International Bond

    

5.88%, 01/30/25(a)

     500       537,031  

6.38%, 01/18/27(a)

     1,000       1,093,750  

7.12%, 01/20/50 (Call 07/20/49)(a)

     900       986,625  

7.63%, 02/01/41(a)

     350       407,641  

7.65%, 06/15/35(a)

     600       697,500  

7.75%, 01/24/23(a)

     400       442,000  

8.25%, 04/10/32(a)

     200       244,062  

8.63%, 02/28/29(a)

     400       491,375  
   

 

 

  
      4,899,984  
Ghana — 1.1%            

Ghana Government International Bond

    

7.63%, 05/16/29(a)

     800       816,000  

7.88%, 08/07/23(a)

     400       447,125  

7.88%, 03/26/27(a)

     600       639,750  

8.13%, 01/18/26(a)

     570       634,125  

8.13%, 03/26/32(a)

     1,300       1,331,687  

8.63%, 06/16/49(a)

     600       600,188  

8.95%, 03/26/51(a)

     500       510,469  
   

 

 

  
      4,979,344  
Guatemala — 0.6%            

Guatemala Government Bond

    

4.38%, 06/05/27(a)

     600       627,187  

4.50%, 05/03/26(a)

     400       420,375  

4.88%, 02/13/28(a)

     400       431,375  

4.90%, 06/01/30 (Call 03/01/30)(a)

     400       430,250  

5.75%, 06/06/22(a)

     400       425,375  

6.13%, 06/01/50 (Call 12/01/49)(a)

     400       474,125  
   

 

 

  
      2,808,687  
Ivory Coast — 0.3%            

Ivory Coast Government International Bond

    

6.13%, 06/15/33(a)

     800       822,250  

6.38%, 03/03/28(a)

     500       539,375  
   

 

 

  
      1,361,625  
 

 

5

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

iShares® Emerging Markets High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Jamaica — 1.0%            

Jamaica Government International Bond

    

6.75%, 04/28/28

   $ 1,300     $   1,539,687  

7.88%, 07/28/45

      1,300       1,772,469  

8.00%, 03/15/39

     800       1,099,750  
   

 

 

  
      4,411,906  
Jordan — 0.5%            

Jordan Government International Bond

    

5.75%, 01/31/27(a)

     600       640,875  

6.13%, 01/29/26(a)

     600       648,375  

7.38%, 10/10/47(a)

     600       658,688  
   

 

 

  
      1,947,938  
Lebanon — 1.0%            

Lebanon Government International Bond

    

6.00%, 01/27/23(a)

     800       308,000  

6.10%, 10/04/22(a)

     1,400       551,250  

6.20%, 02/26/25(a)

     500       180,000  

6.25%, 05/27/22

     300       119,719  

6.25%, 11/04/24(a)

     335       123,950  

6.40%, 05/26/23

     300       116,813  

6.60%, 11/27/26(a)

     1,550       569,625  

6.65%, 04/22/24(a)

     400       149,500  

6.65%, 11/03/28(a)

     500       180,000  

6.65%, 02/26/30(a)

     1,140       404,700  

6.75%, 11/29/27(a)

     600       220,500  

6.85%, 03/23/27(a)

     850       312,375  

6.85%, 05/25/29

     600       217,687  

7.00%, 03/23/32(a)

     700       250,250  

7.05%, 11/02/35(a)

     300       107,250  

7.25%, 03/23/37(a)

     400       143,000  

8.25%, 04/12/21(a)

     1,056       491,040  
   

 

 

  
      4,445,659  
Morocco — 0.3%            

Morocco Government International Bond

    

4.25%, 12/11/22(a)

     890       936,725  

5.50%, 12/11/42(a)

     400       503,500  
   

 

 

  
      1,440,225  
Nigeria — 1.7%            

Nigeria Government International Bond

    

6.38%, 07/12/23(a)

     200       217,250  

6.50%, 11/28/27(a)

     1,000       1,027,813  

7.14%, 02/23/30(a)

     914       940,563  

7.63%, 11/21/25(a)

     700       791,000  

7.63%, 11/28/47(a)

     1,000       973,438  

7.70%, 02/23/38(a)

     800       800,000  

7.88%, 02/16/32(a)

     1,400       1,467,812  

8.75%, 01/21/31(a)

     600       670,125  

9.25%, 01/21/49(a)

     500       563,281  
   

 

 

  
      7,451,282  
Pakistan — 0.5%            

Pakistan Government International Bond

    

6.88%, 12/05/27(a)

     800       843,000  

8.25%, 04/15/24(a)

     677       761,202  

8.25%, 09/30/25(a)

     400       453,375  
   

 

 

  
      2,057,577  
Senegal — 0.4%            

Senegal Government International Bond

    

6.25%, 07/30/24(a)

     400       444,250  

6.25%, 05/23/33(a)

     900       958,781  
Security  

Par

(000)

     Value  
Senegal (continued)            

6.75%, 03/13/48(a)

   $ 400     $ 409,875  
   

 

 

  
      1,812,906  
Serbia — 0.2%            

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

     850       922,250  
   

 

 

  
South Africa — 3.2%            

Republic of South Africa Government International Bond

    

4.30%, 10/12/28

     1,400       1,380,050  

4.67%, 01/17/24

     1,000       1,050,000  

4.85%, 09/27/27

     600       627,750  

4.85%, 09/30/29

     1,700       1,715,300  

4.88%, 04/14/26

     700       732,813  

5.00%, 10/12/46

     500       468,906  

5.38%, 07/24/44

     900       871,594  

5.65%, 09/27/47

     800       789,250  

5.75%, 09/30/49

     2,300       2,259,796  

5.88%, 05/30/22

     650       696,109  

5.88%, 09/16/25

     1,686       1,862,503  

5.88%, 06/22/30

     800       870,920  

6.25%, 03/08/41

     400       435,375  

6.30%, 06/22/48

     400       425,500  
   

 

 

  
      14,185,866  
Sri Lanka — 2.2%            

Sri Lanka Government International Bond

    

5.75%, 01/18/22(a)

     200       202,750  

5.75%, 04/18/23(a)

     1,500       1,504,688  

5.88%, 07/25/22(a)

     562       570,781  

6.13%, 06/03/25(a)

     300       294,375  

6.20%, 05/11/27(a)

     800       761,000  

6.25%, 07/27/21(a)

     578       589,379  

6.35%, 06/28/24(a)

     200       201,450  

6.75%, 04/18/28(a)

     900       869,625  

6.83%, 07/18/26(a)

     600       599,250  

6.85%, 03/14/24(a)

     700       717,525  

6.85%, 11/03/25(a)

     1,500       1,517,344  

7.55%, 03/28/30(a)

     1,000       990,000  

7.85%, 03/14/29(a)

     900       914,625  
   

 

 

  
      9,732,792  
Trinidad And Tobago — 0.3%            

Trinidad & Tobago Government International Bond

    

4.38%, 01/16/24(a)

     400       424,250  

4.50%, 08/04/26(a)

     800       862,250  
   

 

 

  
      1,286,500  
Turkey — 9.4%            

Export Credit Bank of Turkey

    

5.00%, 09/23/21(a)

     250       257,188  

5.38%, 10/24/23(a)

     400       408,750  

Turkey Government International Bond

    

3.25%, 03/23/23

     900       889,875  

4.25%, 04/14/26

     1,500       1,465,313  

4.88%, 10/09/26

     1,860       1,865,231  

4.88%, 04/16/43

     1,729       1,545,834  

5.13%, 03/25/22

     549       569,931  

5.13%, 02/17/28

     1,400       1,403,500  

5.60%, 11/14/24

     1,600       1,681,600  

5.63%, 03/30/21

     1,086       1,121,295  

5.75%, 03/22/24

     1,450       1,537,906  

5.75%, 05/11/47

     2,226       2,151,568  

6.00%, 03/25/27

     1,921       2,030,857  
 

 

6

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

iShares® Emerging Markets High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

    

Par

(000)

     Value  
Turkey (continued)            

6.00%, 01/14/41

   $  1,903     $ 1,926,193  

6.13%, 10/24/28

     1,800       1,911,375  

6.25%, 09/26/22

     1,583       1,693,315  

6.35%, 08/10/24

     2,200       2,380,812  

6.63%, 02/17/45

     2,379       2,549,991  

6.75%, 05/30/40

     1,775       1,937,523  

6.88%, 03/17/36

     1,591       1,768,496  

7.25%, 12/23/23

     2,200       2,446,125  

7.25%, 03/05/38

     750       863,203  

7.38%, 02/05/25

     2,070       2,336,513  

7.63%, 04/26/29

     2,000       2,325,000  

8.00%, 02/14/34

     813       992,622  

11.88%, 01/15/30

     800       1,191,750  
   

 

 

  
      41,251,766  
Ukraine — 2.7%            

Ukraine Government International Bond

    

7.38%, 09/25/32(a)

     2,400       2,654,250  

7.75%, 09/01/21(a)

     850       904,825  

7.75%, 09/01/22(a)

     800       871,200  

7.75%, 09/01/23(a)

     975       1,078,350  

7.75%, 09/01/24(a)

     718       800,570  

7.75%, 09/01/25(a)

     736       828,368  

7.75%, 09/01/26(a)

     800       908,000  

7.75%, 09/01/27(a)

     848       961,208  

8.99%, 02/01/24(a)

     900       1,032,750  

9.75%, 11/01/28(a)

     1,100       1,368,812  

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

     250       270,875  
   

 

 

  
      11,679,208  
Venezuela — 0.3%            

Venezuela Government International Bond

    

7.00%, 03/31/38(a)(e)

     600       72,000  

7.65%, 04/21/25(a)(e)

     658       80,605  

8.25%, 10/13/24(a)(e)

     1,230       150,675  

9.00%, 05/07/23(a)(e)

     1,037       127,033  

9.25%, 09/15/27(e)

     1,962       240,345  
Security   Par/
Shares
(000)		     Value  
Venezuela (continued)            

9.25%, 05/07/28(a)(e)

   $ 892     $ 109,270  

9.38%, 01/13/34(e)

     730       89,425  

11.75%, 10/21/26(a)(e)

     1,435       175,787  

11.95%, 08/05/31(a)(e)

     2,030       248,675  

12.75%, 08/23/22(a)(e)

     1,430       175,175  
   

 

 

  
      1,468,990  
Vietnam — 0.2%            

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

     600       658,740  
   

 

 

  

Total Foreign Government Obligations — 48.5%
(Cost: $226,657,010)

 

     212,075,928  
   

 

 

  

Short-Term Investments

    
Money Market Funds — 1.1%            

BlackRock Cash Funds: Treasury,
SL Agency Shares,
    1.50%(f)(g)

     4,927       4,927,000  
   

 

 

  

Total Short-Term Investments — 1.1%
(Cost: $4,927,000)

 

     4,927,000  
   

 

 

  

Total Investments in Securities — 98.7%
(Cost: $438,998,124)

 

     431,854,136  

Other Assets, Less Liabilities — 1.3%

 

     5,644,418  
   

 

 

  

Net Assets — 100.0%

     $   437,498,554  
   

 

 

  

 

(a) 

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

(b) 

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

(c) 

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

(d) 

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

(e) 

Issuer filed for bankruptcy and/or is in default.

(f) 

Affiliate of the Fund.

(g) 

Annualized 7-day yield as of period-end.

 

 

Affiliates

Investments in issuers considered to be affiliates of the Fund during the three months ended January 31, 2020, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer

     

 Shares

Held at

10/31/19

(000)

  

 

 

 

     
 Net Activity
(000)		  
 		     

 Shares

Held at

01/31/20

(000)

  

 

 

 

     

 Value at

01/31/20

  

 

      Income       
 Net Realized
Gain (Loss)		  
(a) 		     


 Change in
Unrealized
Appreciation

(Depreciation)

  
 
 

 

BlackRock Cash Funds: Treasury,
SL Agency Shares

      3,849        1,078        4,927      $ 4,927,000        $18,337      $ —      $ —  
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a)

Includes realized capital gain distributions from an affiliated fund, if any.

 

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 iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.

 

7

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

iShares® Emerging Markets High Yield 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 January 31, 2020. 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

    $ —        $ 214,851,208        $ —        $ 214,851,208  

Foreign Government Obligations

      —          212,075,928          —          212,075,928  

Money Market Funds

      4,927,000          —          —          4,927,000  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $   4,927,000        $ 426,927,136        $                 —        $ 431,854,136  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

8