NPORT-EX 2 NPORT_936881139338985.htm iShares International High Yield Bond ETF

Schedule of Investments  (unaudited) 

July 31, 2020

   

iShares® International High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

Corporate Bonds & Notes

 

Austria — 0.2%  

ams AG, 6.00%, 07/31/25 (Call 07/31/22)(a)

     EUR       100     $ 119,480  
   

 

 

  
Belgium — 0.3%  

Telenet Finance Luxembourg Notes Sarl, 3.50%, 03/01/28 (Call 12/01/22)(a)

     EUR       100       122,192  
   

 

 

  
Canada — 1.1%  

Brookfield Residential Properties Inc./Brookfield Residential U.S. Corp., 6.13%, 05/15/23
(Call 05/15/21)(a)

     CAD       50       37,304  

Iron Mountain Canada Operations ULC, 5.38%, 09/15/23 (Call 09/15/20)(a)

     CAD       50       38,132  

Parkland Corp.

      

5.63%, 05/09/25 (Call 05/09/21)

     CAD       150       115,282  

5.75%, 09/16/24 (Call 09/16/20)

     CAD       100       76,841  

Quebecor Media Inc., 6.63%, 01/15/23(b)

     CAD       75       60,050  

Southern Pacific Resource Corp.,
8.75%, 01/25/18(b)(c)

     CAD       50       0 (d) 

Videotron Ltd.

      

4.50%, 01/15/30 (Call 10/15/24)

     CAD       150       114,152  

5.63%, 06/15/25 (Call 03/15/25)

     CAD       50       39,785  

5.75%, 01/15/26 (Call 09/15/20)(a)

     CAD       50       38,524  
   

 

 

  
          520,070  
Cayman Islands — 0.2%  

UPCB Finance VII Ltd., 3.63%, 06/15/29
(Call 06/15/22)(a)

     EUR       100       116,978  
   

 

 

  
Denmark — 0.8%  

DKT Finance ApS, 7.00%, 06/17/23
(Call 06/17/21)(a)

     EUR       200       237,648  

TDC AS, 5.00%, 03/02/22

     EUR       100       123,369  
   

 

 

  
        361,017  
Finland — 1.9%  

Nokia Oyj

      

2.38%, 05/15/25 (Call 02/15/25)(a)

     EUR       100       123,518  

3.13%, 05/15/28 (Call 02/15/28)(a)

     EUR       100       124,527  

Nokia OYJ

      

2.00%, 03/15/24 (Call 12/15/23)(a)

     EUR       100       121,423  

2.00%, 03/11/26 (Call 12/11/25)(a)

     EUR       150       179,336  

Teollisuuden Voima OYJ

      

1.13%, 03/09/26 (Call 12/09/25)(a)

     EUR       100       111,361  

2.13%, 02/04/25 (Call 11/04/24)(a)

     EUR       100       117,989  

2.63%, 01/13/23(a)

     EUR       100       121,400  
   

 

 

  
        899,554  
France — 10.3%  

Altice France SA/France

      

2.13%, 02/15/25 (Call 01/29/22)(a)

     EUR       150       169,609  

3.38%, 01/15/28 (Call 09/15/22)(a)

     EUR       100       115,929  

5.88%, 02/01/27 (Call 02/01/22)(a)

     EUR       150       189,269  

Banijay Entertainment SASU, 3.50%, 03/01/25 (Call 03/01/22)(a)

     EUR       100       114,978  

Banijay Group SAS, 6.50%, 03/01/26
(Call 09/01/22)(a)

     EUR       100       109,046  

Casino Guichard Perrachon SA

      

3.58%, 02/07/25 (Call 11/07/24)(a)

     EUR       200       185,628  

4.50%, 03/07/24 (Call 12/04/23)(a)

     EUR       100       98,863  

4.56%, 01/25/23(a)

     EUR       100       108,544  

CMA CGM SA, 5.25%, 01/15/25
(Call 10/15/20)(a)

     EUR       200       198,491  

Elis SA

      

1.00%, 04/03/25 (Call 01/03/25)(a)

     EUR       100       111,017  

1.63%, 04/03/28 (Call 01/03/28)(a)

     EUR       100       110,181  

1.75%, 04/11/24 (Call 01/11/24)(a)

     EUR       100       116,506  

Europcar Mobility Group, 4.13%, 11/15/24
(Call 11/15/20)(a)

     EUR       200       126,450  
Security  

Par

(000)

     Value  
France (continued)                  

Faurecia SE

      

2.38%, 06/15/27 (Call 06/15/23)(a)

     EUR       100     $ 111,085  

2.63%, 06/15/25 (Call 06/15/21)(a)

     EUR       150       173,288  

3.13%, 06/15/26 (Call 06/15/22)(a)

     EUR       100       116,547  

La Financiere Atalian SASU, 4.00%, 05/15/24 (Call 05/15/21)(a)

     EUR       100       98,475  

Loxam SAS

      

3.25%, 01/14/25 (Call 07/15/21)(a)

     EUR       200       227,125  

3.50%, 05/03/23 (Call 08/10/20)(a)

     EUR       100       117,107  

5.75%, 07/15/27 (Call 07/15/22)(a)

     EUR       100       103,818  

Orano SA

      

3.13%, 03/20/23 (Call 12/20/22)(a)

     EUR       100       121,590  

3.38%, 04/23/26 (Call 01/23/26)(a)

     EUR       100       121,490  

4.88%, 09/23/24

     EUR       100       130,542  

Quatrim SASU, 5.88%, 01/15/24 (Call 11/15/21)(a)

     EUR       100       117,909  

RCI Banque SA, 2.63%, 02/18/30
(Call 02/18/25)(a)(e)

     EUR       200       220,128  

Renault SA

      

1.00%, 03/08/23 (Call 12/08/22)(a)

     EUR       100       114,788  

1.00%, 04/18/24 (Call 01/18/24)(a)

     EUR       100       111,266  

1.00%, 11/28/25 (Call 08/28/25)(a)

     EUR       100       109,571  

1.13%, 10/04/27 (Call 07/04/27)(a)

     EUR       100       103,321  

1.25%, 06/24/25 (Call 03/24/25)(a)

     EUR       100       108,671  

2.00%, 09/28/26 (Call 06/28/26)(a)

     EUR       100       111,035  

Rexel SA

      

2.13%, 06/15/25 (Call 12/15/20)(a)

     EUR       150       175,650  

2.75%, 06/15/26 (Call 06/15/22)(a)

     EUR       100       119,114  

SPCM SA, 2.88%, 06/15/23 (Call 08/10/20)(a)

     EUR       100       117,766  

SPIE SA

      

2.63%, 06/18/26 (Call 12/18/25)(a)

     EUR       100       117,706  

3.13%, 03/22/24 (Call 09/22/23)(a)

     EUR       100       120,827  

Vallourec SA

      

2.25%, 09/30/24(a)

     EUR       100       52,207  

6.63%, 10/15/22 (Call 10/15/20)(a)

     EUR       100       61,608  
   

 

 

  
        4,837,145  
Germany — 9.4%  

ADLER Real Estate AG

      

1.50%, 12/06/21 (Call 11/06/21)(a)

     EUR       100       115,984  

1.50%, 04/17/22 (Call 03/17/22)(a)

     EUR       100       115,102  

3.00%, 04/27/26 (Call 02/27/26)(a)

     EUR       100       115,294  

Commerzbank AG

      

4.00%, 03/23/26(a)

     EUR       150       186,260  

4.00%, 03/30/27(a)

     EUR       100       123,884  

4.00%, 12/05/30 (Call 09/05/25)(a)(e)

     EUR       100       119,517  

Deutsche Bank AG

      

2.75%, 02/17/25(a)

     EUR       225       269,568  

4.50%, 05/19/26(a)

     EUR       100       125,984  

5.63%, 05/19/31 (Call 02/19/26)(a)(e)

     EUR       200       253,201  

Deutsche Lufthansa AG, 0.25%, 09/06/24

     EUR       50       50,862  

K+S AG

      

2.63%, 04/06/23 (Call 01/06/23)(a)

     EUR       100       108,401  

3.25%, 07/18/24 (Call 04/18/24)(a)

     EUR       100       102,263  

4.13%, 12/06/21(a)

     EUR       100       117,721  

LANXESS AG, 4.50%, 12/06/76
(Call 06/06/23)(a)(e)

     EUR       75       93,353  

METRO AG

      

1.38%, 10/28/21(a)

     EUR       100       118,923  

1.50%, 03/19/25(a)

     EUR       100       120,147  

Nidda BondCo GmbH, 5.00%, 09/30/25
(Call 09/30/20)(a)

     EUR       100       116,117  

Nidda Healthcare Holding GmbH, 3.50%, 09/30/24
(Call 09/30/20)(a)

     EUR       200       232,944  

ProGroup AG, 3.00%, 03/31/26 (Call 03/31/21)(a)

     EUR       100       116,299  
 

 

 

  1

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

iShares® International High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Germany (continued)                  

RWE AG, 3.50%, 04/21/75 (Call 04/21/25)(a)(e)

     EUR       50     $ 62,169  

Techem Verwaltungsgesellschaft 675 mbH, 2.00%, 07/15/25 (Call 01/15/22)(a)

     EUR       250       283,825  

thyssenkrupp AG

      

1.38%, 03/03/22 (Call 12/03/21)(a)

     EUR       150       174,572  

1.88%, 03/06/23 (Call 02/06/23)(a)

     EUR       150       171,285  

2.88%, 02/22/24 (Call 11/22/23)(a)

     EUR       300       344,047  

Vertical Holdco GmbH, 6.63%, 07/15/28
(Call 07/15/23)(a)

     EUR       100       118,805  

Vertical Midco GmbH, 4.38%, 07/15/27
(Call 07/15/23)(a)

     EUR       100       118,704  

ZF Europe Finance BV

      

2.00%, 02/23/26 (Call 12/23/25)(a)

     EUR       200       223,741  

2.50%, 10/23/27 (Call 07/23/27)(a)

     EUR       100       110,892  

3.00%, 10/23/29 (Call 07/23/29)(a)

     EUR       100       109,829  

ZF North America Capital Inc.,
2.75%, 04/27/23(a)

     EUR       100       119,793  
   

 

 

  
        4,439,486  
Greece — 0.4%                  

Alpha Bank AE, 4.25%, 02/13/30
(Call 02/13/25)(a)(e)

     EUR       100       96,078  

Piraeus Bank SA, 9.75%, 06/26/29
(Call 06/26/24)(a)(e)

     EUR       100       91,127  
   

 

 

  
        187,205  
Ireland — 2.6%                  

AIB Group PLC, 1.88%, 11/19/29
(Call 11/19/24)(a)(e)

     EUR       100       114,544  

Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc., 2.13%, 08/15/26
(Call 08/15/22)(a)

     EUR       200       230,818  

eircom Finance DAC

      

1.75%, 11/01/24 (Call 11/01/21)(a)

     EUR       100       114,765  

3.50%, 05/15/26 (Call 05/15/22)(a)

     EUR       200       239,338  

James Hardie International Finance DAC, 3.63%, 10/01/26 (Call 10/01/21)(a)

     EUR       100       119,940  

Smurfit Kappa Acquisitions ULC

      

2.38%, 02/01/24 (Call 11/01/23)(a)

     EUR       100       122,473  

2.88%, 01/15/26 (Call 10/15/25)(a)

     EUR       125       156,246  

Smurfit Kappa Treasury ULC, 1.50%, 09/15/27 (Call 06/14/27)(a)

     EUR       125       145,257  
   

 

 

  
        1,243,381  
Israel — 2.3%                  

Teva Pharmaceutical Finance Netherlands II BV

      

1.13%, 10/15/24(a)

     EUR       200       211,264  

1.25%, 03/31/23 (Call 12/31/22)(a)

     EUR       100       111,626  

1.63%, 10/15/28(a)

     EUR       150       147,432  

1.88%, 03/31/27 (Call 12/31/26)(a)

     EUR       100       102,151  

3.25%, 04/15/22 (Call 01/15/22)

     EUR       100       118,285  

4.50%, 03/01/25 (Call 12/01/24)

     EUR       100       118,769  

6.00%, 01/31/25 (Call 10/31/24)(a)

     EUR       200       252,406  
   

 

 

  
        1,061,933  
Italy — 16.7%                  

Atlantia SpA

      

1.63%, 02/03/25(a)

     EUR       100       115,618  

1.88%, 07/13/27 (Call 04/13/27)(a)

     EUR       175       201,250  

Autostrade per l’Italia SpA

      

1.13%, 11/04/21(a)

     EUR       100       116,984  

1.75%, 06/26/26(a)

     EUR       100       115,195  

1.88%, 09/26/29 (Call 06/26/29)(a)

     EUR       200       226,810  

4.38%, 09/16/25(a)

     EUR       100       131,120  

Banca IFIS SpA, 2.00%, 04/24/23(a)

     EUR       100       113,686  

Banca Monte dei Paschi di Siena SpA

      

3.63%, 09/24/24(a)

     EUR       200       241,304  

4.00%, 07/10/22(a)

     EUR       100       120,900  

5.38%, 01/18/28 (Call 01/18/23)(a)(e)

     EUR       100       105,243  

10.50%, 07/23/29(a)

     EUR       100       131,244  
Security  

Par

(000)

     Value  
Italy (continued)                  

Banca Popolare di Sondrio SCPA,
2.38%, 04/03/24(a)

     EUR       100     $ 117,774  

Banco BPM SpA

      

1.75%, 04/24/23(a)

     EUR       209       247,219  

1.75%, 01/28/25(a)

     EUR       100       116,257  

4.25%, 10/01/29 (Call 10/01/24)(a)(e)

     EUR       100       114,731  

4.38%, 09/21/27 (Call 09/21/22)(a)(e)

     EUR       100       117,355  

BPER Banca, 5.13%, 05/31/27 (Call 05/31/22)(a)(e)

     EUR       100       120,786  

Esselunga SpA, 0.88%, 10/25/23 (Call 07/25/23)(a)

     EUR       100       116,804  

Fiat Chrysler Finance Europe SENC,
4.75%, 07/15/22(a)

     EUR       200       249,350  

Iccrea Banca SpA

      

1.50%, 10/11/22(a)

     EUR       100       118,071  

4.13%, 11/28/29 (Call 11/28/24)(a)(e)

     EUR       100       104,125  

Infrastrutture Wireless Italiane SpA, 1.88%, 07/08/26 (Call 04/08/26)(a)

     EUR       150       180,206  

Intesa Sanpaolo SpA

      

2.86%, 04/23/25(a)

     EUR       100       121,671  

3.93%, 09/15/26(a)

     EUR       175       223,461  

6.63%, 09/13/23(a)

     EUR       200       269,400  

Leonardo SpA, 5.25%, 01/21/22

     EUR       100       124,975  

Mediobanca Banca di Credito Finanziario SpA

      

3.75%, 06/16/26

     EUR       75       93,344  

5.75%, 04/18/23

     EUR       50       64,642  

Rossini Sarl, 6.75%, 10/30/25 (Call 10/30/21)(a)

     EUR       100       125,970  

Saipem Finance International BV,
3.75%, 09/08/23(a)

     EUR       100       121,916  

Telecom Italia SpA/Milano

      

2.38%, 10/12/27 (Call 07/12/27)(a)

     EUR       200       236,402  

2.50%, 07/19/23(a)

     EUR       100       121,561  

2.88%, 01/28/26 (Call 10/28/25)(a)

     EUR       100       122,255  

3.25%, 01/16/23(a)

     EUR       150       185,945  

3.63%, 01/19/24(a)

     EUR       207       259,824  

3.63%, 05/25/26(a)

     EUR       100       126,645  

4.00%, 04/11/24 (Call 01/11/24)(a)

     EUR       125       158,312  

5.25%, 02/10/22(a)

     EUR       100       126,171  

UniCredit SpA

      

2.00%, 09/23/29 (Call 09/23/24)(a)(e)

     EUR       200       222,487  

2.73%, 01/15/32 (Call 01/15/27)(a)(e)

     EUR       200       222,048  

4.38%, 01/03/27 (Call 01/03/22)(a)(e)

     EUR       100       121,500  

4.88%, 02/20/29 (Call 02/20/24)(a)(e)

     EUR       200       249,929  

6.95%, 10/31/22(a)

     EUR       150       197,058  

Unione di Banche Italiane SpA

      

4.38%, 07/12/29 (Call 07/12/24)(a)(e)

     EUR       150       186,483  

4.45%, 09/15/27 (Call 09/15/22)(a)(e)

     EUR       150       184,133  

5.88%, 03/04/29 (Call 03/04/24)(a)(e)

     EUR       150       194,722  

Unipol Gruppo SpA

      

3.00%, 03/18/25(a)

     EUR       175       211,423  

3.50%, 11/29/27 (Call 08/29/27)(a)

     EUR       100       121,662  

UnipolSai Assicurazioni SpA, 3.88%, 03/01/28(a)

     EUR       100       119,968  

Webuild SpA, 1.75%, 10/26/24(a)

     EUR       150       152,522  
   

 

 

  
        7,888,461  
Japan — 1.8%                  

SoftBank Group Corp.

      

3.13%, 09/19/25 (Call 06/21/25)(a)

     EUR       250       293,531  

4.00%, 07/30/22 (Call 04/30/22)(a)

     EUR       100       122,394  

4.00%, 09/19/29 (Call 06/21/29)(a)

     EUR       100       122,642  

4.50%, 04/20/25 (Call 01/20/25)(a)

     EUR       100       123,805  

5.00%, 04/15/28 (Call 01/16/28)(a)

     EUR       150       192,126  
   

 

 

  
        854,498  
Luxembourg — 3.8%                  

Altice Financing SA, 3.00%, 01/15/28
(Call 01/15/23)(a)

     EUR       200       221,648  
 

 

 

2  

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

iShares® International High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Luxembourg (continued)                  

Altice Finco SA, 4.75%, 01/15/28
(Call 10/15/22)(a)

     EUR       100     $ 109,816  

Altice France Holding SA

      

4.00%, 02/15/28 (Call 02/15/23)(a)

     EUR       100       108,494  

8.00%, 05/15/27 (Call 05/15/22)(a)

     EUR       200       253,730  

ContourGlobal Power Holdings SA, 3.38%, 08/01/23 (Call 08/01/20)(a)

     EUR       100       119,728  

Garfunkelux Holdco 3 SA, 8.50%, 11/01/22 (Call 11/01/20)(a)

     GBP       100       121,720  

INEOS Finance PLC, 2.13%, 11/15/25
(Call 11/15/20)(a)

     EUR       100       113,771  

INEOS Group Holdings SA, 5.38%, 08/01/24 (Call 08/01/20)(a)

     EUR       100       119,071  

Matterhorn Telecom SA, 3.13%, 09/15/26
(Call 09/15/22)(a)

     EUR       100       114,815  

SIG Combibloc Purchase Co. Sarl, 2.13%, 06/18/25 (Call 03/18/25)(a)

     EUR       100       120,804  

Summer BC Holdco A Sarl, 9.25%, 10/31/27 (Call 10/31/22)(a)

    EUR       90       94,402  

Summer BC Holdco B Sarl, 5.75%, 10/31/26 (Call 10/31/22)(a)

    EUR       150       170,466  

Vivion Investments Sarl, 3.00%, 08/08/24(a)

     EUR       100       106,013  
   

 

 

  
        1,774,478  
Netherlands — 5.1%                  

Lincoln Financing Sarl, 3.63%, 04/01/24
(Call 10/01/20)(a)

     EUR       200       232,243  

Nouryon Holding BV, 6.50%, 10/01/26
(Call 10/01/21)(a)

     EUR       100       120,645  

OCI NV, 3.13%, 11/01/24 (Call 11/01/21)(a)

     EUR       100       116,417  

PPF Telecom Group BV

      

2.13%, 01/31/25 (Call 10/31/24)(a)

     EUR       100       114,409  

3.13%, 03/27/26 (Call 12/27/25)(a)

     EUR       100       117,893  

3.50%, 05/20/24 (Call 02/20/24)(a)

     EUR       100       120,805  

Q-Park Holding I BV

      

1.50%, 03/01/25 (Call 02/10/22)(a)

     EUR       100       109,894  

2.00%, 03/01/27 (Call 03/01/23)(a)

     EUR       100       109,393  

Saipem Finance International BV,
2.63%, 01/07/25(a)

     EUR       100       116,416  

Selecta Group BV, 5.88%, 02/01/24
(Call 02/01/21)(a)

     EUR       100       40,076  

Sigma Holdco BV, 5.75%, 05/15/26
(Call 05/15/21)(a)

     EUR       100       117,730  

SNS Bank NV, 6.25%, 10/26/20(f)

     EUR       50       0 (d) 

Trivium Packaging Finance BV, 3.75%, 08/15/26 (Call 08/15/22)(a)

     EUR       100       118,013  

United Group BV

      

3.13%, 02/15/26 (Call 02/15/22)(a)

     EUR       100       113,390  

3.63%, 02/15/28 (Call 02/06/23)(a)

     EUR       100       113,320  

4.88%, 07/01/24 (Call 07/01/21)(a)

     EUR       100       120,760  

UPC Holding BV, 3.88%, 06/15/29
(Call 06/15/22)(a)

     EUR       100       112,709  

Ziggo Bond Co. BV, 3.38%, 02/28/30
(Call 02/15/25)(a)

     EUR       150       169,204  

Ziggo BV

      

2.88%, 01/15/30 (Call 10/15/24)(a)

     EUR       100       115,719  

4.25%, 01/15/27 (Call 01/15/22)(a)

     EUR       180       220,713  
   

 

 

  
        2,399,749  
Portugal — 1.8%                  

Banco Comercial Portugues SA, 4.50%, 12/07/27 (Call 12/07/22)(a)(e)

     EUR       100       115,845  

Caixa Geral de Depositos SA

      

1.25%, 11/25/24(a)

     EUR       100       116,610  

5.75%, 06/28/28 (Call 06/28/23)(a)(e)

     EUR       100       125,927  

EDP — Energias de Portugal SA

      

1.70%, 07/20/80 (Call 04/20/25)(a)(e)

     EUR       100       113,168  

4.50%, 04/30/79 (Call 01/30/24)(a)(e)

     EUR       200       254,376  

Novo Banco SA, 8.50%, 07/06/28
(Call 07/06/23)(a)(e)

     EUR       100       102,537  
   

 

 

  
        828,463  
Spain — 5.8%                  

ABANCA Corp. Bancaria SA, 4.63%, 04/07/30 (Call 04/07/25)(a)(e)

     EUR       100       112,694  

Banco de Sabadell SA

      

1.13%, 03/27/25(a)

     EUR       100       111,217  
Security  

Par

(000)

     Value  
Spain (continued)                  

1.75%, 05/10/24(a)

     EUR       100     $ 115,226  

5.38%, 12/12/28 (Call 12/12/23)(a)(e)

     EUR       100       119,361  

5.63%, 05/06/26(a)

     EUR       100       122,566  

Bankia SA

      

1.00%, 06/25/24(a)

     EUR       100       115,805  

1.13%, 11/12/26(a)

     EUR       100       113,868  

3.38%, 03/15/27 (Call 03/15/22)(a)(e)

     EUR       100       119,707  

3.75%, 02/15/29 (Call 02/15/24)(a)(e)

     EUR       100       120,715  

Cellnex Telecom SA

      

1.00%, 04/20/27 (Call 01/20/27)(a)

     EUR       100       114,912  

2.38%, 01/16/24 (Call 10/16/23)(a)

     EUR       100       124,080  

2.88%, 04/18/25 (Call 01/18/25)(a)

     EUR       100       127,436  

3.13%, 07/27/22(a)

     EUR       100       124,619  

Cirsa Finance International Sarl, 6.25%, 12/20/23
(Call 06/20/21)(a)

     EUR       100       108,674  

El Corte Ingles SA, 3.00%, 03/15/24
(Call 10/15/20)(a)

     EUR       100       116,983  

Gestamp Funding Luxembourg SA, 3.50%, 05/15/23 (Call 05/15/21)(a)

     EUR       100       112,860  

Grifols SA

      

1.63%, 02/15/25 (Call 02/15/22)(a)

     EUR       250       289,699  

2.25%, 11/15/27 (Call 11/15/22)(a)

     EUR       100       117,046  

3.20%, 05/01/25 (Call 05/01/21)(a)

     EUR       100       118,759  

Grupo Isolux Corsan SA, Series B, 6.00%, 12/30/21 (Call 08/31/20)(c)

     EUR       141       83  

Ibercaja Banco SA, 2.75%, 07/23/30
(Call 07/23/25)(a)(e)

     EUR       100       103,214  

Repsol International Finance BV, 4.50%, 03/25/75
(Call 03/25/25)(a)(e)

     EUR       175       215,331  
   

 

 

  
        2,724,855  
Sweden — 3.2%                  

Akelius Residential Property AB

      

2.25%, 05/17/81 (Call 02/17/26)(a)(e)

     EUR       100       108,903  

3.88%, 10/05/78 (Call 10/05/23)(a)(e)

     EUR       100       119,790  

Fastighets AB Balder, 3.00%, 03/07/78
(Call 03/07/23)(a)(e)

     EUR       100       115,598  

Intrum AB

      

2.75%, 07/15/22 (Call 07/15/21)(a)

     EUR       50       58,999  

3.00%, 09/15/27 (Call 09/15/22)(a)

     EUR       100       104,214  

3.13%, 07/15/24 (Call 07/15/21)(a)

     EUR       100       111,910  

3.50%, 07/15/26 (Call 07/15/22)(a)

     EUR       175       191,521  

Telefonaktiebolaget LM Ericsson,
1.88%, 03/01/24(a)

     EUR       100       122,744  

Verisure Holding AB, 3.50%, 05/15/23
(Call 05/08/21)(a)

     EUR       100       118,879  

Verisure Midholding AB, 5.75%, 12/01/23
(Call 12/01/20)(a)

     EUR       200       237,653  

Volvo Car AB, 2.00%, 01/24/25 (Call 10/24/24)(a)

     EUR       200       232,899  
   

 

 

  
        1,523,110  
Switzerland — 0.4%                  

Dufry One BV

      

2.00%, 02/15/27 (Call 02/15/22)(a)

     EUR       100       84,378  

2.50%, 10/15/24 (Call 10/15/20)(a)

     EUR       100       90,327  
   

 

 

  
        174,705  
United Kingdom — 10.0%                  

Algeco Global Finance PLC, 6.50%, 02/15/23 (Call 02/15/21)(a)

     EUR       100       112,491  

Arqiva Broadcast Finance PLC, 6.75%, 09/30/23
(Call 09/30/20)(a)

     GBP       150       203,889  

Cabot Financial Luxembourg SA, 7.50%, 10/01/23 (Call 10/01/20)(a)

     GBP       100       133,164  

eG Global Finance PLC

      

4.38%, 02/07/25 (Call 05/15/21)(a)

     EUR       125       139,356  

6.25%, 10/30/25 (Call 10/25/21)(a)

     EUR       150       176,294  
 

 

 

  3

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

iShares® International High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
United Kingdom (continued)                  

FCE Bank PLC

      

1.13%, 02/10/22(a)

     EUR       100     $ 115,338  

1.62%, 05/11/23(a)

     EUR       100       114,338  

2.73%, 06/03/22(a)

     GBP       100       127,872  

Fiat Chrysler Automobiles NV

      

3.38%, 07/07/23 (Call 04/07/23)(a)

     EUR       150       183,482  

3.75%, 03/29/24(a)

     EUR       200       248,772  

3.88%, 01/05/26 (Call 10/05/25)(a)

     EUR       100       125,657  

4.50%, 07/07/28 (Call 04/07/28)(a)

     EUR       150       195,031  

Heathrow Finance PLC

      

3.88%, 03/01/27(a)

     GBP       100       123,966  

4.75%, 03/01/24 (Call 12/01/23)(a)

     GBP       100       132,628  

INEOS Finance PLC, 2.88%, 05/01/26
(Call 05/01/22)(a)

     EUR       100       114,957  

International Game Technology PLC,
3.50%, 06/15/26 (Call 06/15/22)(a)

     EUR       150       168,813  

Jaguar Land Rover Automotive PLC

      

2.20%, 01/15/24(a)

     EUR       100       98,717  

4.50%, 01/15/26 (Call 10/15/25)(a)

     EUR       150       144,561  

5.00%, 02/15/22(a)

     GBP       100       127,219  

5.88%, 11/15/24 (Call 08/15/24)(a)

     EUR       100       105,486  

Marks & Spencer PLC, 6.00%, 06/12/25(a)

     GBP       100       140,693  

Motion Bondco DAC, 4.50%, 11/15/27
(Call 11/15/22)(a)

     EUR       100       101,964  

Stonegate Pub Co. Financing 2019 PLC,
8.25%, 07/31/25 (Call 07/31/22)(a)

     GBP       100       126,382  

Synlab Unsecured Bondco PLC,
8.25%, 07/01/23 (Call 07/01/21)(a)

     EUR       150       181,622  

Thames Water Utilities Finance PLC, 5.75%, 09/13/30 (Call 09/13/22)(e)

     GBP       100       138,877  

Top Gun Realisations 74 PLC, 6.50%, 07/01/22 (Call 08/10/20)(a)(c)

     GBP       25       6,243  

Virgin Media Finance PLC, 3.75%, 07/15/30 (Call 07/15/25)(a) .

     EUR       100       115,692  

Virgin Media Secured Finance PLC

      

4.13%, 08/15/30 (Call 08/15/25)(a)

     GBP       100       131,128  

5.00%, 04/15/27 (Call 04/15/22)(a)

     GBP       100       136,546  

5.25%, 05/15/29 (Call 05/15/24)(a)

     GBP       100       137,876  

6.00%, 01/15/25 (Call 01/15/21)(a)(g)

     GBP       85       118,507  

Vodafone Group PLC

      

1.00%, 10/03/78 (Call 10/03/25)(a)(e)

     GBP       100       139,680  

3.10%, 01/03/79 (Call 01/03/24)(a)(e)

     EUR       300       359,602  
     

 

 

  
        4,726,843  
United States — 19.4%  

Adient Global Holdings Ltd., 3.50%, 08/15/24 (Call 05/15/24)(a)

     EUR       175       189,667  

AMC Entertainment Holdings Inc.

      

10.50%, 04/24/26(b)

     USD       32       27,096  

12.00%, 06/15/26 (Call 06/15/23)(b)

     USD       93       39,546  

Aramark International Finance Sarl,
3.13%, 04/01/25 (Call 04/01/21)(a)

     EUR       100       111,974  

Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc., 4.75%, 07/15/27
(Call 07/15/22)(a)

     GBP       100       129,169  

Ashland Services BV, 2.00%, 01/30/28
(Call 11/01/27)(a)

     EUR       100       112,625  

Avantor Inc., 4.75%, 10/01/24 (Call 10/01/20)(a)

     EUR       100       122,713  

Avis Budget Finance PLC, 4.75%, 01/30/26
(Call 09/30/21)(a)

     EUR       100       102,224  

Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25 (Call 01/15/21)(a)

     EUR       100       118,250  

Ball Corp.

      

0.88%, 03/15/24 (Call 12/15/23)

     EUR       100       115,737  

1.50%, 03/15/27 (Call 12/15/26)

     EUR       100       115,643  

4.38%, 12/15/23

     EUR       100       129,258  
Security  

Par

(000)

     Value  
United States (continued)                  

Bausch Health Companies Inc., 4.50%, 05/15/23 (Call 08/31/20)(a)

     EUR       200     $   235,456  

Belden Inc., 3.88%, 03/15/28 (Call 03/06/23)(a)

     EUR       150       175,332  

Berry Global Inc.

      

1.00%, 01/15/25 (Call 10/15/24)(a)

     EUR       100       113,390  

1.50%, 01/15/27 (Call 10/15/26)(a)

     EUR       100       114,111  

Boxer Parent Co. Inc., 6.50%, 10/02/25
(Call 06/01/22)(a)

     EUR       100       123,910  

Catalent Pharma Solutions Inc., 2.38%, 03/01/28
(Call 03/01/23)(a)

     EUR       150       169,800  

Chemours Co. (The), 4.00%, 05/15/26
(Call 05/15/21)

     EUR       100       109,869  

Clarios Global LP/Clarios US Finance Co., 4.38%, 05/15/26
(Call 05/15/22)(a)

     EUR       125       147,745  

Coty Inc., 4.75%, 04/15/26 (Call 04/15/21)(a)

     EUR       100       94,811  

Crown European Holdings SA

      

0.75%, 02/15/23 (Call 01/16/23)(a)

     EUR       100       115,857  

2.25%, 02/01/23 (Call 11/01/22)(a)

     EUR       100       119,866  

2.63%, 09/30/24 (Call 03/30/24)(a)

     EUR       125       151,986  

2.88%, 02/01/26 (Call 08/01/25)(a)

     EUR       100       122,252  

Darling Global Finance BV, 3.63%, 05/15/26
(Call 05/15/21)(a)

    EUR       100       120,627  

Energizer Gamma Acquisition BV, 4.63%, 07/15/26 (Call 07/15/21)(a)

     EUR       100       121,345  

Ford Motor Credit Co. LLC

      

1.36%, 02/07/25

     EUR       100       108,828  

1.51%, 02/17/23

     EUR       100       114,215  

1.74%, 07/19/24

     EUR       100       111,576  

2.39%, 02/17/26

     EUR       125       139,304  

3.02%, 03/06/24

     EUR       100       117,156  

4.54%, 03/06/25

     GBP       100       129,738  

Hanesbrands Finance Luxembourg SCA, 3.50%, 06/15/24 (Call 03/15/24)(a)

     EUR       100       118,738  

International Game Technology PLC

      

2.38%, 04/15/28 (Call 04/15/23)(a)

     EUR       100       104,224  

3.50%, 07/15/24 (Call 01/15/24)(a)

     EUR       125       143,823  

IQVIA Inc.

      

2.25%, 01/15/28 (Call 07/15/22)(a)

     EUR       150       175,317  

2.88%, 09/15/25 (Call 09/15/20)(a)

     EUR       100       119,713  

3.25%, 03/15/25 (Call 03/15/21)(a)

     EUR       250       299,852  

Iron Mountain UK PLC, 3.88%, 11/15/25
(Call 11/15/20)(a)

     GBP       100       130,230  

Kraft Heinz Foods Co.

      

1.50%, 05/24/24 (Call 02/24/24)(a)

     EUR       100       118,469  

2.00%, 06/30/23 (Call 03/30/23)(a)

     EUR       100       120,740  

2.25%, 05/25/28 (Call 02/25/28)(a)

     EUR       200       236,806  

4.13%, 07/01/27 (Call 04/01/27)(a)

     GBP       100       140,918  

Levi Strauss & Co., 3.38%, 03/15/27 (Call 03/15/22)

     EUR       100       119,994  

Liberty Mutual Group Inc., 3.63%, 05/23/59
(Call 05/23/24)(a)(e)

     EUR       100       116,304  

LKQ European Holdings BV

      

3.63%, 04/01/26 (Call 04/01/21)(a)

     EUR       100       120,029  

4.13%, 04/01/28 (Call 04/01/23)(a)

     EUR       100       122,993  

LKQ Italia Bondco SpA, 3.88%, 04/01/24
(Call 01/01/24)(a)

     EUR       100       122,463  

Mauser Packaging Solutions Holding Co., 4.75%, 04/15/24 (Call 04/15/21)(a)

     EUR       100       116,097  

MPT Operating Partnership LP/MPT Finance Corp.

      

3.33%, 03/24/25 (Call 12/24/24)

     EUR       100       124,103  

3.69%, 06/05/28 (Call 04/05/28)

     GBP       100       132,061  

4.00%, 08/19/22 (Call 05/19/22)

     EUR       100       123,287  

Netflix Inc.

      

3.00%, 06/15/25 (Call 03/15/25)(a)

     EUR       100       124,103  

3.63%, 05/15/27

     EUR       150       192,533  

3.63%, 06/15/30 (Call 03/15/30)(a)

     EUR       150       192,997  
 

 

 

4  

Schedule of Investments  (unaudited) (continued)

July 31, 2020

   

iShares® International High Yield Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

Par/
Shares
(000)

     Value  
United States (continued)                  

3.88%, 11/15/29(a)

     EUR       200     $ 262,420  

4.63%, 05/15/29

     EUR       200       274,201  

OI European Group BV, 3.13%, 11/15/24 (Call 08/15/24)(a)

     EUR       100       119,997  

Refinitiv U.S. Holdings Inc., 4.50%, 05/15/26 (Call 11/15/21)(a)

    EUR       150       185,773  

Scientific Games International Inc., 5.50%, 02/15/26 (Call 02/15/21)(a)

     EUR       100       98,292  

Sealed Air Corp., 4.50%, 09/15/23
(Call 06/15/23)(a)

     EUR       100       127,442  

Silgan Holdings Inc.

      

2.25%, 06/01/28 (Call 03/01/23)

     EUR       100       116,181  

3.25%, 03/15/25 (Call 03/15/21)

     EUR       100       119,513  

Spectrum Brands Inc., 4.00%, 10/01/26 (Call 10/01/21)(a)

     EUR       100       115,973  

Standard Industries Inc./NJ, 2.25%, 11/21/26 (Call 08/21/26)(a).

     EUR       100       114,312  

Tenneco Inc., 5.00%, 07/15/24
(Call 07/15/21)(a)

     EUR       100       108,440  

WMG Acquisition Corp., 3.63%, 10/15/26 (Call 10/15/21)(a)

     EUR       100       122,272  
     

 

 

  
        9,151,686  
     

 

 

  

Total Corporate Bonds & Notes — 97.5%
(Cost: $46,290,476)

 

       45,955,289  
     

 

 

  

Common Stocks

      

South Africa — 0.0%

      

Sentry Holdings Ltd.Class A(f)

       0 (h)      0 (d) 
     

 

 

  
United States — 0.0%                  

AMC Entertainment Inc.

       0 (h)      0 (d) 
     

 

 

  

Total Common Stocks — 0.0%
(Cost: $159,437)

         0 (d) 
     

 

 

  

 

Security        
Shares
(000)		      Value  
Short-Term Investments              
Money Market Funds — 0.1%              

BlackRock Cash Funds: Treasury, SL Agency Shares, 0.12%(i)(j)

      20      $ 20,000  
     

 

 

  

Total Short-Term Investments — 0.1%
(Cost: $20,000)

         20,000  
     

 

 

  

Total Investments in Securities — 97.6%
(Cost: $46,469,913)

 

      45,975,289  

Other Assets, Less Liabilities — 2.4%

         1,139,312  
     

 

 

  

Net Assets — 100.0%

       $ 47,114,601  
     

 

 

  

 

(a) 

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

(b) 

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

(c) 

Issuer filed for bankruptcy and/or is in default.

(d) 

Rounds to less than $1.

(e) 

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

(f) 

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

(g) 

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

(h) 

Rounds to less than 1,000.

(i) 

Affiliate of the Fund.

(j) 

Annualized 7-day yield as of period-end.

 

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 31, 2020, for purposes of Section 2(a)(3) of the Investment CompanyAct of 1940, as amended, were as follows:

 

Affiliated Issuer    Value at
10/31/19		      Purchases
at Cost		      Proceeds
from Sales		      Net Realized
Gain (Loss)		     

Change in
Unrealized
Appreciation

(Depreciation)

      Value at
07/31/20		      Shares
Held at
07/31/20
(000)		      Income      Capital Gain
Distributions from
Underlying Funds		  

BlackRock Cash Funds: Treasury, SL Agency Shares

    $ 14,000      $ 6,000 (a)     $ —      $ —      $ —      $ 20,000        20      $ 92      $ —  
           

 

 

     

 

 

     

 

 

        

 

 

     

 

 

  

 

(a) 

Represents net amount purchased (sold).

 

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.

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

    $ —        $ 45,955,289        $ —      $ 45,955,289  

Common Stocks

      —          —          0 (a)       0 (a) 

Money Market Funds

      20,000          —          —        20,000  
  

 

 

       

 

 

       

 

 

     

 

 

  
   $ 20,000        $ 45,955,289        $ 0 (a)     $ 45,975,289  
  

 

 

       

 

 

       

 

 

     

 

 

  

 

  (a)

Rounds to less than $1.

 

 

Currency Abbreviations
CAD    Canadian Dollar
EUR    Euro
GBP    British Pound

 

 

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