Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® J.P. Morgan EM Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Corporate Bonds & Notes
Argentina — 1.4%
Agua y Saneamientos Argentinos SA, 6.63%, 02/01/23 (Call 02/01/21)(a)	$	150	$	65,625
Arcor SAIC, 6.00%, 07/06/23 (Call 08/31/20)(a)		225		212,555
MSU Energy SA/UGEN SA/UENSA SA, 6.88%, 02/01/25 (Call 02/01/22)(a)(b)		150		100,594
Pampa Energia SA, 7.50%, 01/24/27 (Call 01/24/22)(a)		300		252,469
Stoneway Capital Corp., 10.00%, 03/01/27 (Call 03/01/22)(a)(c)		266		90,827
Tecpetrol SA, 4.88%, 12/12/22 (Call 12/12/20)(a)(b)		200		194,500
Transportadora de Gas del Sur SA, 6.75%, 05/02/25 (Call 05/02/22)(a)(b)		150		130,875
YPF SA
6.95%, 07/21/27(a)		360		267,041
7.00%, 12/15/47 (Call 06/15/47)(a)(b)		250		166,484
8.50%, 07/28/25(a)		600		497,250
8.50%, 06/27/29 (Call 03/27/29)(a)(b)		200		156,375
8.75%, 04/04/24(a)		480		428,784
				2,563,379
Azerbaijan — 0.2%
International Bank of Azerbaijan OJSC, 3.50%, 09/01/24(a)		400		364,000
Bahrain — 0.2%
BBK BSC, 5.50%, 07/09/24(a)		400		400,000
Brazil — 6.5%
Adecoagro SA, 6.00%, 09/21/27 (Call 09/21/22)(a)		150		144,750
Banco BTG Pactual SA/Cayman Islands, 5.50%, 01/31/23(a)(b)		200		207,063
Banco do Brasil SA/Cayman
3.88%, 10/10/22		200		204,750
4.63%, 01/15/25(a)		200		209,250
4.75%, 03/20/24(a)		200		209,313
5.88%, 01/19/23(a)(b)		200		214,062
6.25%, (Call 04/15/24)(a)(b)(d)(e)		200		187,500
9.00%, (Call 06/18/24)(a)(b)(d)(e)		200		215,731
Braskem Netherlands Finance BV
4.50%, 01/10/28 (Call 10/10/27)(a)		200		188,750
4.50%, 01/31/30(a)		200		185,250
5.88%, 01/31/50(a)		200		181,300
BRF SA, 4.88%, 01/24/30 (Call 10/24/29)(a)		200		199,565
Cemig Geracao e Transmissao SA, 9.25%, 12/05/24 (Call 12/05/23)(a)		200		225,187
Cosan Ltd., 5.50%, 09/20/29 (Call 09/20/24)(a)		200		206,500
CSN Resources SA
7.63%, 02/13/23 (Call 02/13/21)(a)		200		202,000
7.63%, 04/17/26 (Call 04/17/22)(a)		200		196,484
Embraer Netherlands Finance BV
5.05%, 06/15/25		227		210,401
5.40%, 02/01/27		50		45,531
Fibria Overseas Finance Ltd.
5.25%, 05/12/24(b)		50		53,995
5.50%, 01/17/27(b)		100		108,844
Gerdau Trade Inc., 4.88%, 10/24/27(a)		200		212,500
Gol Finance SA, 7.00%, 01/31/25 (Call 01/31/22)(a)		100		51,000
GTL Trade Finance Inc./Gerdau Holdings Inc., 5.89%, 04/29/24 (Call 01/29/24)(a)		150		163,547
Itau Unibanco Holding SA/Cayman Island
4.50%, 11/21/29 (Call 11/21/24)(a)(b)(e)		200		195,250
5.13%, 05/13/23(a)(b)		200		211,562

Security	Par (000)		Value
Brazil (continued)
6.50%, (Call 03/19/23)(a)(d)(e)	$	200	$	194,000
JBS Investments II GmbH
5.75%, 01/15/28 (Call 07/15/22)(a)		200		212,000
7.00%, 01/15/26 (Call 01/15/22)(a)		200		215,000
JBS USA LUX SA/JBS USA Finance Inc., 5.88%, 07/15/24 (Call 08/31/20)(a)		129		131,741
Klabin Austria GmbH, 5.75%, 04/03/29 (Call 01/03/29)(a)		200		216,640
MARB BondCo PLC, 6.88%, 01/19/25 (Call 01/19/21)(a)		200		209,000
Minerva Luxembourg SA, 6.50%, 09/20/26 (Call 09/20/21)(a)		200		209,687
NBM U.S. Holdings Inc., 7.00%, 05/14/26 (Call 05/14/22)(a)		200		214,890
Odebrecht Drilling Norbe VIII/IX Ltd., 7.35%, (7.35% PIK), 12/01/26 (Call 12/01/20)(a)(f)		51		12,896
Odebrecht Offshore Drilling Finance Ltd., 7.72%, (7.72% PIK), 12/01/26 (Call 12/01/21)(a)(b)(f)		165		14,131
Oi SA (4.00% PIK), 10.00%, 07/27/25(f)		150		143,438
Petrobras Global Finance BV
4.38%, 05/20/23		150		155,156
5.09%, 01/15/30(a)		500		515,500
5.30%, 01/27/25		218		234,929
5.63%, 05/20/43		100		101,156
5.75%, 02/01/29		250		269,528
6.00%, 01/27/28		200		219,550
6.25%, 03/17/24		125		137,500
6.75%, 01/27/41		100		108,719
6.85%, 06/05/2115		300		317,400
6.88%, 01/20/40		148		163,910
6.90%, 03/19/49		300		333,771
7.25%, 03/17/44		175		201,141
7.38%, 01/17/27		250		293,387
8.75%, 05/23/26		100		124,438
Rede D’or Finance Sarl, 4.95%, 01/17/28 (Call 10/17/27)(a)		200		194,794
Rumo Luxembourg Sarl, 5.88%, 01/18/25 (Call 01/18/22)(a)(b)		200		210,000
St. Marys Cement Inc. Canada, 5.75%, 01/28/27 (Call 10/28/26)(a)		200		221,062
Suzano Austria GmbH
5.00%, 01/15/30 (Call 10/15/29)		200		208,875
7.00%, 03/16/47 (Call 09/16/46)(a)		200		226,900
Ultrapar International SA, 5.25%, 06/06/29(a)		200		203,863
Vale Overseas Ltd.
3.75%, 07/08/30 (Call 04/08/30)		200		214,694
6.25%, 08/10/26(b)		200		239,875
6.88%, 11/21/36		200		272,875
6.88%, 11/10/39		150		206,813
				11,579,344
Chile — 3.8%
AES Gener SA, 7.13%, 03/26/79 (Call 04/07/24)(a)(e)		200		203,688
Banco de Credito e Inversiones SA
3.50%, 10/12/27(a)(b)		200		214,062
4.00%, 02/11/23(a)(b)		200		211,375
Banco Santander Chile, 2.70%, 01/10/25 (Call 12/10/24)(a)		150		156,000
Celulosa Arauco y Constitucion SA
4.20%, 01/29/30 (Call 10/29/29)(a)(b)		200		209,562
4.25%, 04/30/29 (Call 01/30/29)(a)		200		210,190
4.50%, 08/01/24 (Call 05/01/24)		200		216,594
5.15%, 01/29/50 (Call 07/29/49)(a)		200		205,438
Cencosud SA
4.38%, 07/17/27 (Call 04/17/27)(a)		400		413,500
5.15%, 02/12/25 (Call 11/12/24)(a)(b)		200		214,437
Colbun SA, 3.15%, 03/06/30 (Call 12/06/29)(a)		200		207,813
Corp. Group Banking SA, 6.75%, 03/15/23 (Call 08/31/20)(a)		250		77,422

1

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® J.P. Morgan EM Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Chile (continued)
Empresa Electrica Guacolda SA, 4.56%, 04/30/25 (Call 01/30/25)(a)	$	200	$	162,875
Empresa Nacional de Telecomunicaciones SA
4.75%, 08/01/26 (Call 05/03/26)(a)		400		435,773
4.88%, 10/30/24 (Call 07/30/24)(a)		400		427,885
Enel Americas SA, 4.00%, 10/25/26 (Call 07/25/26)		200		215,922
Enel Chile SA, 4.88%, 06/12/28 (Call 03/12/28)		500		581,875
GNL Quintero SA, 4.63%, 07/31/29(a)		600		645,000
Inversiones CMPC SA
3.85%, 01/13/30 (Call 10/13/29)(a)		200		209,200
4.38%, 04/04/27(a)		200		217,125
Inversiones CMPC SA/Cayman Islands Branch, 4.38%, 05/15/23 (Call 02/15/23)(a)(b)		400		420,750
SACI Falabella, 3.75%, 04/30/23(a)		200		204,675
Telefonica Chile SA, 3.88%, 10/12/22(a)		200		208,188
VTR Comunicaciones SpA, 5.13%, 01/15/28 (Call 07/15/23)(g)		200		213,000
VTR Finance NV, 6.38%, 07/15/28 (Call 07/15/23)(g)		200		211,762
				6,694,111
China — 9.9%
Agile Group Holdings Ltd., 8.38%, (Call 12/04/23)(a)(d)(e)		200		203,500
Alibaba Group Holding Ltd.
3.40%, 12/06/27 (Call 09/06/27)(b)		300		340,050
4.00%, 12/06/37 (Call 06/06/37)		200		245,138
4.20%, 12/06/47 (Call 06/06/47)		200		265,426
Baidu Inc.
3.50%, 11/28/22		200		210,350
4.13%, 06/30/25		200		223,312
Bank of China Ltd., 5.00%, 11/13/24(a)		200		224,375
Bank of China Ltd./Hong Kong
1.17%, 03/08/23, (3 mo. LIBOR US + 0.850%)(a)(h)		200		200,106
3.88%, 06/30/25(a)		200		223,812
Bank of Communications Co. Ltd./Hong Kong, 1.24%, 05/17/23, (3 mo. LIBOR US + 0.85%)(a)(h)		200		199,758
BOC Aviation Ltd.
1.41%, 09/26/23 (Call 08/26/23), (3 mo. LIBOR US + 1.125%)(a)(h)		200		195,896
3.00%, 09/11/29 (Call 06/11/29)(a)(b)		300		310,125
3.25%, 04/29/25 (Call 03/29/25)(g)		400		420,125
3.50%, 10/10/24 (Call 09/10/24)(a)(b)		200		211,563
3.50%, 09/18/27 (Call 06/18/27)(a)		400		427,168
3.88%, 04/27/26 (Call 01/27/26)(a)		300		325,962
4.00%, 01/25/24 (Call 12/25/23)(a)		200		212,500
Bocom Leasing Management Hong Kong Co. Ltd., 1.38%, 12/10/24, (3 mo. LIBOR US + 1.075%)(a)(h)		200		194,825
CFLD Cayman Investment Ltd., 8.05%, 01/13/25(a)		200		194,750
China Cinda Finance 2015 I Ltd., 4.25%, 04/23/25(a)		200		222,408
China Cinda Finance 2017 I Ltd.
3.88%, 02/08/23(a)		200		210,756
4.75%, 02/21/29(a)		200		239,062
China Construction Bank Corp., 4.25%, 02/27/29 (Call 02/27/24)(a)(e)		200		215,375
China Evergrande Group
7.50%, 06/28/23 (Call 08/31/20)(a)		200		176,875
8.75%, 06/28/25 (Call 06/28/21)(a)		200		166,938
10.50%, 04/11/24 (Call 04/11/22)(a)		200		182,750
China Overseas Finance Cayman VI Ltd., 5.95%, 05/08/24(a)		200		230,750
China Overseas Finance Cayman VII Ltd.
4.25%, 04/26/23(a)		200		213,720
4.75%, 04/26/28(a)		200		233,000

Security	Par (000)		Value
China (continued)
China Resources Land Ltd., 4.13%, 02/26/29(a)	$	200	$	225,000
China State Construction Finance Cayman Ltd., 6.00%, (Call 12/03/21)(a)(d)(e)		200		207,250
CITIC Ltd., 3.88%, 02/28/27(a)		200		220,250
CMHI Finance BVI Co. Ltd., 4.38%, 08/06/23(a)		200		215,818
CNOOC Finance 2013 Ltd., 2.88%, 09/30/29 (Call 06/30/29)		200		215,562
CNOOC Finance 2014 ULC, 4.25%, 04/30/24		200		221,704
CNOOC Finance 2015 USA LLC, 4.38%, 05/02/28		200		235,812
CNPC General Capital Ltd., 3.40%, 04/16/23(a)		200		211,813
COSL Singapore Capital Ltd., 4.50%, 07/30/25(a)		200		225,062
Country Garden Holdings Co. Ltd., 7.25%, 04/08/26 (Call 04/08/23)(a)		400		440,000
CRCC Yuxiang Ltd., 3.50%, 05/16/23(a)		200		209,938
Franshion Brilliant Ltd., 4.00%, (Call 01/03/23)(a)(d)(e)		200		199,813
Huarong Finance 2017 Co. Ltd.
4.25%, 11/07/27(a)		200		220,717
4.75%, 04/27/27(a)		400		450,500
Huarong Finance 2019 Co. Ltd., 4.50%, 05/29/29(a)		200		226,687
Huarong Finance II Co. Ltd., 5.50%, 01/16/25(a)		200		225,460
ICBCIL Finance Co. Ltd.
3.13%, 11/15/22(a)		200		206,000
3.75%, 03/05/24(a)		200		212,688
Industrial & Commercial Bank of China Ltd./London, 1.09%, 10/25/23, (3 mo. LIBOR US + 0.850%)(a)(h)		400		400,007
Industrial & Commercial Bank of China Ltd./Singapore, 1.07%, 04/25/24, (3 mo. LIBOR US + 0.830%)(a)(h)		200		199,303
Industrial & Commercial Bank of China Macau Ltd., 2.88%, 09/12/29 (Call 09/12/24)(a)(e)		200		205,250
JD.com Inc., 3.88%, 04/29/26(b)		200		222,812
Joy Treasure Assets Holdings Inc., 3.50%, 09/24/29 (Call 06/24/29)(a)		200		217,500
Kaisa Group Holdings Ltd., 9.38%, 06/30/24 (Call 06/30/21)(a)		200		183,750
KWG Group Holdings Ltd., 6.00%, 09/15/22 (Call 08/17/20)(a)		200		203,000
Lenovo Group Ltd., 4.75%, 03/29/23(a)		200		204,750
Longfor Group Holdings Ltd., 3.95%, 09/16/29(a)		200		215,090
Nexen Inc.
6.40%, 05/15/37		200		301,000
7.50%, 07/30/39		100		171,375
Poly Real Estate Finance Ltd., 3.88%, 03/25/24(a)		200		210,313
Proven Honour Capital Ltd., 4.13%, 05/19/25(a)		200		210,256
Shimao Group Holdings Ltd., 5.60%, 07/15/26 (Call 07/15/23)(a)		200		213,188
Sino-Ocean Land Treasure Finance II Ltd., 5.95%, 02/04/27(a)		200		217,082
Sinopec Capital 2013 Ltd., 3.13%, 04/24/23(a)		400		418,500
State Elite Global Ltd., 1.03%, 10/24/24, (3 mo. LIBOR US + 0.770%)(a)(h)		200		198,387
Sunac China Holdings Ltd., 6.50%, 01/10/25 (Call 01/10/23)(a)		200		196,375
Tencent Holdings Ltd.
2.39%, 06/03/30 (Call 03/03/30)(a)		200		208,908
3.60%, 01/19/28 (Call 10/19/27)(a)(b)		300		336,375
3.93%, 01/19/38 (Call 07/19/37)(a)		200		236,687
3.98%, 04/11/29 (Call 01/11/29)(a)		200		232,196
4.53%, 04/11/49 (Call 10/11/48)(a)		200		271,000
Vanke Real Estate Hong Kong Co. Ltd.
4.15%, 04/18/23(a)		200		211,625
4.20%, 06/07/24(a)		200		215,063

2

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® J.P. Morgan EM Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
China (continued)
Yingde Gases Investment Ltd., 6.25%, 01/19/23 (Call 01/19/21)(a)	$	200	$	206,000
Yuzhou Group Holdings Co. Ltd., 7.38%, 01/13/26 (Call 01/13/24)(a)		200		194,250
				17,590,491
Colombia — 4.4%
AI Candelaria Spain SLU, 7.50%, 12/15/28 (Call 09/15/28)(a)		250		270,000
Banco de Bogota SA
4.38%, 08/03/27 (Call 05/03/27)(a)		350		361,266
5.38%, 02/19/23(a)		200		207,813
6.25%, 05/12/26(a)(b)		400		422,000
Bancolombia SA
4.63%, 12/18/29 (Call 12/18/24)(e)		400		379,375
4.88%, 10/18/27 (Call 10/18/22)(e)		200		195,356
5.13%, 09/11/22		200		208,375
Ecopetrol SA
4.13%, 01/16/25		383		399,397
5.38%, 06/26/26 (Call 03/26/26)		535		591,844
5.88%, 09/18/23		600		661,200
5.88%, 05/28/45		700		800,730
6.88%, 04/29/30 (Call 01/29/30)		550		660,770
7.38%, 09/18/43		300		387,937
Grupo Aval Ltd., 4.75%, 09/26/22(a)(b)		625		637,500
Grupo de Inversiones Suramericana SA, 5.50%, 04/29/26 (Call 01/29/26)(a)		200		217,875
Millicom International Cellular SA
5.13%, 01/15/28 (Call 09/15/22)(a)		200		209,731
6.00%, 03/15/25 (Call 08/10/20)(a)		200		205,750
6.25%, 03/25/29 (Call 03/25/24)(a)		200		219,712
6.63%, 10/15/26 (Call 10/15/21)(a)		200		218,000
SURA Asset Management SA, 4.88%, 04/17/24(a)		100		108,094
Transportadora de Gas Internacional SA ESP, 5.55%, 11/01/28(a)		400		441,875
				7,804,600
Congo — 0.1%
HTA Group Ltd./Mauritius, 7.00%, 12/18/25 (Call 06/18/22)(a)		200		207,000
Ghana — 0.3%
Kosmos Energy Ltd., 7.13%, 04/04/26 (Call 04/04/22)(a)		400		354,000
Tullow Oil PLC, 7.00%, 03/01/25 (Call 03/01/21)(a)		200		119,500
				473,500
Guatemala — 0.4%
Central American Bottling Corp., 5.75%, 01/31/27 (Call 01/31/22)(a)(b)		100		104,969
Comunicaciones Celulares SA Via Comcel Trust, 6.88%, 02/06/24 (Call 08/31/20)(a)		200		204,875
Industrial Senior Trust, 5.50%, 11/01/22(a)(b)		400		412,750
				722,594
Hong Kong — 5.3%
AIA Group Ltd.
3.60%, 04/09/29 (Call 01/09/29)(a)		200		223,062
3.90%, 04/06/28 (Call 01/06/28)(a)		200		225,062
4.50%, 03/16/46 (Call 09/16/45)(a)		200		245,654
Bank of China Hong Kong Ltd., 5.90%, (Call 09/14/23)(a)(d)(e)		400		428,000
Bank of East Asia Ltd. (The)
4.00%, 11/03/26 (Call 11/03/21)(a)(e)		200		201,750
5.50%, (Call 12/02/20)(a)(d)(e)		150		149,391
5.88%, (Call 09/19/24)(a)(d)(e)		250		244,375
Celestial Dynasty Ltd., 4.25%, 06/27/29(a)		200		204,063

Security	Par (000)		Value
Hong Kong (continued)
Celestial Miles Ltd., 5.75%, (Call 01/31/24)(a)(d)(e)	$	200	$	206,875
China CITIC Bank International Ltd., 7.10%, (Call 11/06/23)(a)(d)(e)		200		216,250
CK Hutchison International 16 Ltd., 2.75%, 10/03/26(a)		200		214,394
CK Hutchison International 19 Ltd.
3.25%, 04/11/24 (Call 03/11/24)(a)(b)		200		213,574
3.38%, 09/06/49 (Call 03/06/49)(a)		200		228,437
3.63%, 04/11/29 (Call 01/11/29)(a)		200		226,875
CK Hutchison International 20 Ltd., 2.50%, 05/08/30 (Call 02/08/30)(g)		600		633,589
FWD Group Ltd.
0.00%, (Call 06/15/22)(a)(d)(e)(i)		200		152,125
5.75%, 07/09/24(a)		200		204,188
HKT Capital No. 5 Ltd., 3.25%, 09/30/29(a)		200		211,937
Hongkong Electric Finance Ltd., 2.88%, 05/03/26(a)		200		215,875
HPHT Finance 19 Ltd., 2.88%, 11/05/24(a)		200		207,813
Hutchison Whampoa International 14 Ltd., 3.63%, 10/31/24(a).		400		437,250
Hutchison Whampoa International Ltd., 7.45%, 11/24/33(a)		100		158,250
Hysan MTN Ltd., 2.82%, 09/04/29(a)		200		204,375
IFC Development Corporate Treasury Ltd., 3.63%, 04/17/29(a)		200		221,187
Industrial & Commercial Bank of China Asia Ltd., 4.25%, (Call 07/21/21)(a)(d)(e)		200		200,813
Li & Fung Ltd., 4.38%, 10/04/24 (Call 09/04/24)(a)		200		200,438
Link Finance Cayman 2009 Ltd. (The), 3.60%, 09/03/24(a)		200		215,125
Nan Fung Treasury II Ltd., 5.50%, (Call 11/29/20)(a)(d)		200		197,938
Nanyang Commercial Bank Ltd., 5.00%, (Call 06/02/22)(a)(d)(e)		350		344,859
New World China Land Ltd., 4.75%, 01/23/27(a)		200		207,937
NWD Finance BVI Ltd., 6.25%, (Call 03/07/24)(a)(d)		200		202,650
NWD MTN Ltd.
4.13%, 07/18/29(a)		200		201,375
4.50%, 05/19/30(a)		200		206,303
OVPH Ltd., 5.88%, (Call 03/01/21)(a)(d)		200		203,313
PCCW-HKT Capital No. 5 Ltd., 3.75%, 03/08/23(a)		200		208,937
Radiant Access Ltd., 4.60%, (Call 11/18/20)(a)(d)		200		199,250
Sun Hung Kai Properties Capital Market Ltd.
2.88%, 01/21/30(a)		200		212,375
3.63%, 01/16/23(a)		200		209,875
Swire Pacific MTN Financing Ltd., 4.50%, 10/09/23(a)		200		217,000
Swire Properties MTN Financing Ltd., 3.63%, 01/13/26(a)		200		219,163
				9,321,702
India — 4.5%
ABJA Investment Co. Pte Ltd.
5.45%, 01/24/28(a)		200		191,170
5.95%, 07/31/24(a)		200		204,063
Adani Electricity Mumbai Ltd., 3.95%, 02/12/30(a)		200		197,438
Adani Green Energy UP Ltd./Prayatna Developers Pvt Ltd./Parampujya Solar Energy, 6.25%, 12/10/24(a)		200		210,437
Adani Ports & Special Economic Zone Ltd.
3.38%, 07/24/24(a)		400		406,125
4.00%, 07/30/27 (Call 06/30/27)(a)		200		198,625
Bharat Petroleum Corp. Ltd., 4.00%, 05/08/25(a)		200		209,750
Bharti Airtel International Netherlands BV, 5.35%, 05/20/24(a)		200		215,625
Bharti Airtel Ltd., 4.38%, 06/10/25(a)(b)		400		420,875
Delhi International Airport Ltd., 6.13%, 10/31/26(a)		200		193,313
Greenko Solar Mauritius Ltd.
5.55%, 01/29/25 (Call 01/29/21)(a)		200		202,000
5.95%, 07/29/26 (Call 07/29/22)(a)		200		202,813
Hindustan Petroleum Corp. Ltd., 4.00%, 07/12/27(a)		200		203,375

3

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® J.P. Morgan EM Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
India (continued)
ICICI Bank Ltd./Dubai
3.25%, 09/09/22(a)	$	200	$	203,438
4.00%, 03/18/26(a)		250		261,875
Indian Oil Corp. Ltd., 4.75%, 01/16/24(a)		200		213,312
Network i2i Ltd., 5.65%, (Call 01/15/25)(a)(d)(e)		200		197,125
NTPC Ltd., 4.38%, 11/26/24(a)		200		213,000
Oil India International Pte Ltd., 4.00%, 04/21/27(a)		200		203,813
Oil India Ltd., 5.38%, 04/17/24(a)		200		216,750
ONGC Videsh Ltd., 4.63%, 07/15/24(a)		200		213,750
ONGC Videsh Vankorneft Pte Ltd., 3.75%, 07/27/26(a)		200		205,062
Power Finance Corp. Ltd., 4.50%, 06/18/29(a)		400		407,750
REC Ltd.
3.38%, 07/25/24(a)		200		201,938
5.25%, 11/13/23(a)		200		213,625
Reliance Industries Ltd.
3.67%, 11/30/27(a)		250		275,552
4.13%, 01/28/25(a)		250		274,687
4.88%, 02/10/45(a)		250		305,047
ReNew Power Synthetic, 6.67%, 03/12/24 (Call 03/12/21)(a)		200		206,562
State Bank of India/London
4.38%, 01/24/24(a)(b)		400		428,250
4.88%, 04/17/24(a)		200		217,812
Vedanta Resources Finance II PLC, 9.25%, 04/23/26 (Call 04/23/23)(a)		200		139,938
Vedanta Resources Ltd.
6.13%, 08/09/24 (Call 08/09/21)(a)		200		129,750
7.13%, 05/31/23(a)		200		135,842
				7,920,487
Indonesia — 2.5%
Adaro Indonesia PT, 4.25%, 10/31/24 (Call 10/31/22)(a)		250		247,500
Bank Mandiri Persero Tbk PT
3.75%, 04/11/24(a)		200		209,312
4.75%, 05/13/25(a)		400		438,375
Bank Rakyat Indonesia Persero Tbk PT
3.95%, 03/28/24(a)		200		210,000
4.63%, 07/20/23(a)		200		213,250
Eterna Capital Pte Ltd., Series B, 8.00%, (8.00% PIK), 12/11/22 (Call 08/31/20)(f)		221		67,285
Indika Energy Capital III Pte Ltd., 5.88%, 11/09/24 (Call 11/09/21)(a)		250		229,961
Listrindo Capital BV, 4.95%, 09/14/26 (Call 09/14/21)(a)		200		205,812
LLPL Capital Pte Ltd., 6.88%, 02/04/39(a)		385		438,473
Medco Bell Pte Ltd., 6.38%, 01/30/27 (Call 01/30/24)(a)		200		181,313
Medco Oak Tree Pte Ltd., 7.38%, 05/14/26 (Call 05/14/23)(a)		200		197,188
Medco Platinum Road Pte Ltd., 6.75%, 01/30/25 (Call 01/30/22)(a)		200		194,875
Minejesa Capital BV
4.63%, 08/10/30(a)		400		421,000
5.63%, 08/10/37(a)		400		426,750
Perusahaan Gas Negara Tbk PT, 5.13%, 05/16/24(a)		400		434,000
Saka Energi Indonesia PT, 4.45%, 05/05/24(a)		200		188,875
Star Energy Geothermal Wayang Windu Ltd., 6.75%, 04/24/33 (Call 04/24/26)(a)		181		194,155
				4,498,124
Israel — 4.2%
Altice Financing SA
5.00%, 01/15/28 (Call 01/15/23)(a)		400		411,000
7.50%, 05/15/26 (Call 05/15/21)(a)		795		850,650

Security	Par (000)		Value
Israel (continued)
Bank Leumi Le-Israel BM, 3.28%, 01/29/31 (Call 01/29/26)(e)(g)	$	200	$	197,500
ICL Group Ltd., 6.38%, 05/31/38 (Call 11/30/37)(g)		250		306,250
Israel Electric Corp. Ltd.
4.25%, 08/14/28(g)		400		455,125
6.88%, 06/21/23(a)(b)		200		229,000
Series 6, 5.00%, 11/12/24(g)		400		449,875
Teva Pharmaceutical Finance Co. LLC, 6.15%, 02/01/36(b)		200		205,250
Teva Pharmaceutical Finance Netherlands III BV
2.80%, 07/21/23		886		859,420
3.15%, 10/01/26(b)		1,351		1,229,748
4.10%, 10/01/46(b)		540		456,938
6.00%, 04/15/24 (Call 01/15/24)		700		741,781
6.75%, 03/01/28 (Call 12/01/27)(b)		500		553,281
7.13%, 01/31/25 (Call 10/31/24)(a)		400		435,750
				7,381,568
Jamaica — 0.5%
Digicel Group 0.5 Ltd. (2.00% PIK), 10.00%, 04/01/24 (Call 08/14/20)(f)		306		230,898
Digicel Group Two Ltd.
8.25%, 09/30/22 (Call 09/30/20)(a)(c)		284		5,510
9.13%, (2.00% PIK), 04/01/24 (Call 08/31/20)(a)(c)(f)		602		17,970
Digicel International Finance Ltd./Digicel Holdings Bermuda Ltd.
8.75%, 05/25/24 (Call 05/25/21)(a)(b)		200		201,750
8.75%, 05/25/24 (Call 05/25/21)(a)		100		101,250
Digicel Ltd., 6.75%, 03/01/23 (Call 08/17/20)(a)(c)		400		275,999
				833,377
Kazakhstan — 0.4%
Halyk Savings Bank of Kazakhstan JSC, 5.50%, 12/21/22 (Call 09/01/20)(a)		147		146,159
Tengizchevroil Finance Co. International Ltd., 4.00%, 08/15/26(a)		500		536,300
				682,459
Kuwait — 1.8%
Boubyan Sukuk Ltd., 2.59%, 02/18/25(a)		200		203,000
Burgan Bank SAK, 5.75%, (Call 07/09/24)(a)(d)(e)		200		194,000
Equate Petrochemical BV, 4.25%, 11/03/26(a)		600		644,062
Equate Sukuk Spc Ltd., 3.94%, 02/21/24(a)		200		210,875
Kuwait Projects Co. SPC Ltd.
4.23%, 10/29/26(a)		200		193,563
4.50%, 02/23/27(a)		200		192,875
MEGlobal Canada ULC
5.00%, 05/18/25(a)		400		437,460
5.88%, 05/18/30(a)		200		236,500
NBK Tier 1 Financing 2 Ltd., 4.50%, (Call 11/27/25)(a)(d)(e)		400		383,500
NBK Tier 1 Financing Ltd., 5.75%, (Call 04/09/21)(a)(d)(e)		200		199,437
Warba Sukuk Ltd., 2.98%, 09/24/24(a)		200		204,500
				3,099,772
Macau — 3.4%
Melco Resorts Finance Ltd.
4.88%, 06/06/25 (Call 08/31/20)(a)		204		206,423
5.25%, 04/26/26 (Call 04/26/22)(a)		200		202,750
5.38%, 12/04/29 (Call 12/04/24)(a)		600		597,750
5.63%, 07/17/27 (Call 07/17/22)(a)(b)		200		203,500
MGM China Holdings Ltd.
5.25%, 06/18/25 (Call 06/18/22)(a)		200		204,000
5.38%, 05/15/24 (Call 05/15/21)(a)		400		409,750
5.88%, 05/15/26 (Call 05/15/22)(a)		200		210,000

4

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® J.P. Morgan EM Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Macau (continued)
Sands China Ltd.
3.80%, 01/08/26 (Call 12/08/25)(a)	$	200	$	209,350
4.38%, 06/18/30 (Call 03/18/30)(g)		400		421,956
4.60%, 08/08/23 (Call 07/08/23)(b)		600		630,375
5.13%, 08/08/25 (Call 06/08/25)		800		871,625
5.40%, 08/08/28 (Call 05/08/28)		600		666,948
Studio City Finance Ltd., 7.25%, 02/11/24 (Call 02/11/21)(a)		208		218,920
Wynn Macau Ltd.
4.88%, 10/01/24 (Call 10/01/20)(a)		400		396,750
5.13%, 12/15/29 (Call 12/15/24)(a)		400		390,000
5.50%, 10/01/27 (Call 10/01/22)(a)		200		198,625
				6,038,722
Malaysia — 1.3%
Axiata SPV2 Bhd, 4.36%, 03/24/26(a)		200		223,000
CIMB Bank Bhd, 1.05%, 10/09/24, (3 mo. LIBOR US + 0.780%)(a)(h)		200		195,623
Gohl Capital Ltd., 4.25%, 01/24/27(a)		600		610,125
Malayan Banking Bhd, 1.19%, 08/16/24, (3 mo. LIBOR US + 0.800%)(a)(h)		400		391,518
Parkway Pantai Ltd., 4.25%, (Call 07/27/22)(a)(d)(e)		200		199,875
TNB Global Ventures Capital Bhd
3.24%, 10/19/26(a)		400		428,500
4.85%, 11/01/28(a)		200		237,188
				2,285,829
Mexico — 5.6%
Alfa SAB de CV, 5.25%, 03/25/24 (Call 12/25/23)(a)		200		216,606
Alpek SAB de CV, 4.25%, 09/18/29 (Call 06/18/29)(a)		200		204,063
America Movil SAB de CV
2.88%, 05/07/30 (Call 02/07/30)		200		217,950
3.63%, 04/22/29 (Call 01/22/29)		200		227,687
4.38%, 07/16/42		200		256,500
4.38%, 04/22/49 (Call 10/22/48)		200		264,365
6.13%, 03/30/40		300		457,969
6.38%, 03/01/35		100		149,344
Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa, 4.13%, 06/06/24(a)		450		466,875
Banco Mercantil del Norte SA/Grand Cayman, 6.75%, (Call 09/27/24)(a)(b)(d)(e)		200		190,375
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand
4.13%, 11/09/22(a)(b)		350		365,242
5.95%, 10/01/28 (Call 10/01/23)(a)(e)		200		207,500
BBVA Bancomer SA/Texas
4.38%, 04/10/24(a)		150		160,781
5.13%, 01/18/33 (Call 01/17/28)(a)(e)		200		187,875
5.88%, 09/13/34 (Call 09/13/29)(a)(e)		200		195,500
Becle SAB de CV, 3.75%, 05/13/25(a)		150		159,797
Braskem Idesa SAPI, 7.45%, 11/15/29 (Call 11/15/24)(a)(b)		200		174,375
Cemex SAB de CV
5.45%, 11/19/29 (Call 11/19/24)(a)		200		193,842
5.70%, 01/11/25 (Call 08/31/20)(a)(b)		400		402,750
7.75%, 04/16/26 (Call 04/16/21)(a)		200		211,375
Coca-Cola FEMSA SAB de CV, 5.25%, 11/26/43		150		211,312
Cometa Energia SA de CV, 6.38%, 04/24/35 (Call 01/24/35)(a)		190		200,213
El Puerto de Liverpool SAB de CV, 3.88%, 10/06/26(a)		200		205,063
Fomento Economico Mexicano SAB de CV
3.50%, 01/16/50 (Call 07/16/49)		300		335,512
4.38%, 05/10/43		150		188,438

Security	Par (000)		Value
Mexico (continued)
Fresnillo PLC, 5.50%, 11/13/23(a)	$	200	$	219,719
Grupo Bimbo SAB de CV
4.00%, 09/06/49(a)		200		212,687
4.88%, 06/27/44(a)		200		234,500
Grupo Televisa SAB
5.00%, 05/13/45 (Call 11/13/44)		200		229,232
6.13%, 01/31/46 (Call 07/31/45)		200		264,875
6.63%, 01/15/40		120		160,575
Industrias Penoles SAB de CV, 4.15%, 09/12/29 (Call 06/12/29)(a)		200		213,937
Minera Mexico SA de CV, 4.50%, 01/26/50 (Call 07/26/49)(a)		200		218,500
Orbia Advance Corp. SAB de CV
4.88%, 09/19/22(a)		200		210,188
5.50%, 01/15/48 (Call 07/15/47)(a)		200		218,250
Sigma Alimentos SA de CV, 4.13%, 05/02/26 (Call 02/02/26)(a)		200		213,210
Southern Copper Corp.
3.88%, 04/23/25(b)		100		110,781
5.25%, 11/08/42		200		262,500
5.88%, 04/23/45		200		280,296
6.75%, 04/16/40		100		146,463
7.50%, 07/27/35		200		296,750
Trust Fibra Uno
5.25%, 01/30/26 (Call 10/30/25)(a)		200		209,563
6.39%, 01/15/50 (Call 07/15/49)(a)		200		202,750
				9,956,085
Morocco — 0.6%
OCP SA
4.50%, 10/22/25(a)		400		418,500
5.63%, 04/25/24(a)		425		457,805
6.88%, 04/25/44(a)		200		248,750
				1,125,055
Netherlands — 0.1%
VEON Holdings BV, 4.00%, 04/09/25 (Call 01/09/25)(a)		200		206,375
Nigeria — 0.3%
IHS Netherlands Holdco BV
7.13%, 03/18/25 (Call 09/18/21)(a)		200		203,313
8.00%, 09/18/27 (Call 09/18/22)(a)		300		306,000
				509,313
Oman — 0.5%
Bank Muscat SAOG, 4.88%, 03/14/23(a)		200		198,500
National Bank of Oman SAOG, 5.63%, 09/25/23(a)		200		200,000
Oztel Holdings SPC Ltd., 6.63%, 04/24/28(a)		500		489,531
				888,031
Panama — 0.8%
Banco General SA, 4.13%, 08/07/27 (Call 05/07/27)(a)(b)		200		217,312
Banistmo SA, 3.65%, 09/19/22(a)		200		201,250
C&W Senior Financing DAC
6.88%, 09/15/27 (Call 09/15/22)(a)		600		639,930
7.50%, 10/15/26 (Call 10/15/21)(a)		200		212,500
Cable Onda SA, 4.50%, 01/30/30 (Call 01/30/25)(a)		200		209,744
				1,480,736
Paraguay — 0.2%
Bioceanico Sovereign Certificate Ltd., 0.00%, 06/05/34(a)(b)(i)		298		214,348
Telefonica Celular del Paraguay SA, 5.88%, 04/15/27 (Call 04/15/22)(a)		200		211,500
				425,848

5

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® J.P. Morgan EM Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Peru — 2.0%
Banco de Credito del Peru
2.70%, 01/11/25 (Call 12/11/24)(a)	$	400	$	406,300
3.13%, 07/01/30 (Call 07/01/25)(e)(g)		200		198,400
4.25%, 04/01/23(a)(b)		100		105,781
Credicorp Ltd., 2.75%, 06/17/25 (Call 05/17/25)(a)		200		200,626
Hunt Oil Co. of Peru LLC Sucursal Del Peru, 6.38%, 06/01/28(a)		200		196,375
Inkia Energy Ltd., 5.88%, 11/09/27 (Call 11/09/22)(a)		200		203,375
Kallpa Generacion SA, 4.13%, 08/16/27 (Call 05/16/27)(a)		200		205,650
Lima Metro Line 2 Finance Ltd.
4.35%, 04/05/36(a)		200		221,500
5.88%, 07/05/34(a)		319		388,684
Nexa Resources SA, 5.38%, 05/04/27 (Call 02/04/27)(a)(b)		400		413,503
Orazul Energy Egenor SCA, 5.63%, 04/28/27 (Call 04/28/22)(a)(b)		200		200,750
Peru LNG Srl, 5.38%, 03/22/30(a)		400		307,500
Transportadora de Gas del Peru SA, 4.25%, 04/30/28(a)(b)		400		437,625
				3,486,069
Philippines — 1.4%
Bank of the Philippine Islands, 4.25%, 09/04/23(a)		200		213,812
BDO Unibank Inc., 2.95%, 03/06/23(a)		400		411,500
JGSH Philippines Ltd., 4.38%, 01/23/23(a)		200		211,126
Jollibee Worldwide Pte Ltd., 3.90%, (Call 01/23/25)(a)(d)(e)		200		187,500
Petron Corp., 4.60%, (Call 07/19/23)(a)(d)(e)		200		188,750
Philippine National Bank, 3.28%, 09/27/24(a)		200		206,812
San Miguel Corp., 4.88%, 04/26/23 (Call 08/17/20)(a)		200		200,622
SMC Global Power Holdings Corp.
5.70%, (Call 01/21/26)(a)(d)(e)		200		192,188
5.95%, (Call 05/05/25)(a)(d)(e)		200		192,188
6.50%, (Call 04/25/24)(a)(d)(e)		300		294,469
Union Bank of the Philippines, 3.37%, 11/29/22(a)		200		207,000
				2,505,967
Poland — 0.1%
Powszechna Kasa Oszczednosci Bank Polski SA Via PKO Finance AB, 4.63%, 09/26/22(a)		200		212,125
Qatar — 3.1%
ABQ Finance Ltd., 3.13%, 09/24/24(a)		200		209,000
AKCB Finance Ltd., 4.75%, 10/09/23(a)		200		216,063
CBQ Finance Ltd., 5.00%, 05/24/23(a)		200		215,625
MAR Sukuk Ltd., 3.03%, 11/13/24(a)		200		204,625
Nakilat Inc., 6.07%, 12/31/33(a)(b)		250		316,094
Ooredoo International Finance Ltd.
3.25%, 02/21/23(a)		550		576,125
3.75%, 06/22/26(a)		200		222,750
3.88%, 01/31/28(a)		200		228,062
4.50%, 01/31/43(a)		200		252,437
5.00%, 10/19/25(a)		200		233,500
QIB Sukuk Ltd.
1.82%, 02/07/25, (3 mo. LIBOR US + 1.350%)(a)(h)		200		193,719
3.98%, 03/26/24(a)		400		422,250
QIIB Senior Sukuk Ltd., 4.26%, 03/05/24(a)		200		212,438
QNB Finance Ltd.
2.63%, 05/12/25(a)		400		418,000
2.75%, 02/12/27(a)		300		315,562
3.50%, 03/28/24(a)		400		429,625

Security	Par (000)		Value
Qatar (continued)
Ras Laffan Liquefied Natural Gas Co. Ltd. III
5.84%, 09/30/27(a)	$	500	$	586,875
6.33%, 09/30/27(a)		250		295,625
				5,548,375
Russia — 4.8%
Alfa Bank AO Via Alfa Bond Issuance PLC
5.95%, 04/15/30 (Call 04/15/25)(a)(e)		200		200,688
8.00%, (Call 02/03/22)(a)(d)(e)		200		201,250
ALROSA Finance SA, 4.65%, 04/09/24 (Call 01/09/24)(a)		200		212,875
Credit Bank of Moscow Via CBOM Finance PLC, 4.70%, 01/29/25(a)		400		393,625
Eurochem Finance DAC, 5.50%, 03/13/24(a)		200		217,500
Evraz PLC
5.25%, 04/02/24(a)		200		217,187
5.38%, 03/20/23(a)		200		213,188
Gazprom Neft OAO Via GPN Capital SA, 6.00%, 11/27/23(a)		400		444,125
Gazprom PJSC Via Gaz Capital SA
4.95%, 02/06/28(a)		400		450,125
7.29%, 08/16/37(a)		400		575,250
8.63%, 04/28/34(a)		250		382,187
Lukoil International Finance BV
4.56%, 04/24/23(a)		200		211,875
4.75%, 11/02/26(a)		400		444,750
Lukoil Securities BV, 3.88%, 05/06/30(g)		200		211,996
Metalloinvest Finance DAC, 4.85%, 05/02/24(a)		200		214,937
MMC Norilsk Nickel OJSC via MMC Finance DAC, 4.10%, 04/11/23(a)		300		312,187
MMC Norilsk Nickel OJSC Via MMC Finance DAC, 3.38%, 10/28/24 (Call 07/28/24)(a)		200		204,375
MMK International Capital DAC, 4.38%, 06/13/24(a)		200		213,188
Mobile Telesystems OJSC Via MTS International Funding DAC, 5.00%, 05/30/23(a)		200		214,125
Novatek OAO Via Novatek Finance DAC, 4.42%, 12/13/22(a)		200		209,438
Novolipetsk Steel Via Steel Funding DAC, 4.50%, 06/15/23(a)		200		212,000
Petropavlovsk 2016 Ltd., 8.13%, 11/14/22 (Call 08/14/22)(a)		200		209,063
Polyus Finance PLC, 5.25%, 02/07/23(a)		200		214,125
Sberbank of Russia Via SB Capital SA, 5.13%, 10/29/22(a)		400		420,500
Severstal OAO Via Steel Capital SA
3.15%, 09/16/24(a)		200		204,125
5.90%, 10/17/22(a)		200		215,875
VEON Holdings BV
4.95%, 06/16/24 (Call 03/16/24)(a)		200		214,562
7.25%, 04/26/23 (Call 01/26/23)(a)		200		221,687
VTB Bank OJSC Via VTB Capital SA, 6.95%, 10/17/22(a)		400		425,000
VTB Bank PJSC Via VTB Eurasia DAC, 9.50%, (Call 12/06/22)(a)(d)(e)		400		435,875
				8,517,683
Saudi Arabia — 4.8%
Acwa Power Management And Investments One Ltd., 5.95%, 12/15/39(a)		200		222,938
Almarai Sukuk Ltd., 4.31%, 03/05/24(a)		200		212,938
Arabian Centres Sukuk Ltd., 5.38%, 11/26/24(a)		300		266,531
Dar Al-Arkan Sukuk Co. Ltd., 6.88%, 03/21/23(a)		400		379,500
Riyad Bank, 3.17%, 02/25/30 (Call 02/25/25)(a)(e)		200		200,375
SABIC Capital II BV
4.00%, 10/10/23(a)		200		215,500
4.50%, 10/10/28(a)		400		472,500
Samba Funding Ltd., 2.75%, 10/02/24(a)		400		412,500

6

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® J.P. Morgan EM Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Saudi Arabia (continued)
Saudi Arabian Oil Co.
3.50%, 04/16/29(a)	$	1,000	$	1,115,937
4.25%, 04/16/39(a)		1,000		1,202,995
4.38%, 04/16/49(a)		800		993,750
Saudi Electricity Global Sukuk Co. 2
3.47%, 04/08/23(a)		400		420,400
5.06%, 04/08/43(a)		400		509,625
Saudi Electricity Global Sukuk Co. 3
4.00%, 04/08/24(a)		400		433,000
5.50%, 04/08/44(a)		200		266,187
Saudi Electricity Global Sukuk Co. 4
4.22%, 01/27/24(a)		200		216,875
4.72%, 09/27/28(a)		400		471,875
Saudi Telecom Co., 3.89%, 05/13/29(a)		400		453,625
				8,467,051
Singapore — 2.9%
DBS Group Holdings Ltd.
3.30%, (Call 02/27/25)(a)(d)(e)		400		398,000
3.60%, (Call 09/07/21)(a)(d)(e)		200		200,938
4.52%, 12/11/28 (Call 12/11/23)(a)(e)		400		435,152
Flex Ltd.
4.75%, 06/15/25 (Call 03/15/25)		510		574,469
4.88%, 06/15/29 (Call 03/15/29)		100		114,875
GLP Pte Ltd., 3.88%, 06/04/25(a)		225		229,922
Olam International Ltd., 5.35%, (Call 07/20/21)(a)(d)(e)		300		300,750
Oversea-Chinese Banking Corp. Ltd., 4.25%, 06/19/24(a)		400		438,250
Singapore Telecommunications Ltd., 7.38%, 12/01/31(a)		200		309,562
SingTel Group Treasury Pte Ltd.
2.38%, 10/03/26(a)		200		213,312
2.38%, 08/28/29 (Call 05/28/29)(a)		200		211,875
3.25%, 06/30/25(a)		300		330,375
3.88%, 08/28/28 (Call 05/28/28)(a)		200		232,428
ST Engineering RHQ Ltd., 1.50%, 04/29/25 (Call 01/29/25)(a)		400		409,129
United Overseas Bank Ltd.
3.50%, 09/16/26 (Call 09/16/21)(a)(e)		200		203,938
3.75%, 04/15/29 (Call 04/15/24)(a)(b)(e)		200		213,063
3.88%, (Call 10/19/23)(a)(d)(e)		400		405,900
				5,221,938
South Africa — 1.7%
FirstRand Bank Ltd., 6.25%, 04/23/28 (Call 04/23/23)(a)(e)		200		206,563
Gold Fields Orogen Holdings BVI Ltd.
5.13%, 05/15/24 (Call 04/15/24)(a)		200		217,687
6.13%, 05/15/29 (Call 02/15/29)(a)		200		232,250
MTN Mauritius Investment Ltd., 6.50%, 10/13/26(a)		200		214,500
MTN Mauritius Investments Ltd., 4.76%, 11/11/24(a)		250		253,828
Prosus NV
4.85%, 07/06/27 (Call 04/06/27)(a)(b)		400		454,438
5.50%, 07/21/25 (Call 04/21/25)(a)		400		455,750
Sasol Financing International Ltd., 4.50%, 11/14/22(b)		200		190,500
Sasol Financing USA LLC
5.88%, 03/27/24 (Call 02/27/24)		400		373,250
6.50%, 09/27/28 (Call 06/27/28)(b)		400		359,000
				2,957,766
South Korea — 4.1%
Hanwha Life Insurance Co. Ltd., 4.70%, (Call 04/23/23)(a)(d)(e)		200		203,625
Hyundai Capital Services Inc., 3.75%, 03/05/23(a)		400		420,250
Kia Motors Corp., 3.00%, 04/25/23(a)		200		207,438

Security	Par (000)		Value
South Korea (continued)
Kookmin Bank
2.88%, 03/25/23(a)	$	200	$	209,954
4.35%, (Call 07/02/24)(a)(d)(e)		200		206,188
Korea East-West Power Co. Ltd., 1.75%, 05/06/25(a)		200		207,500
Korea Electric Power Corp.
1.13%, 06/15/25(a)		200		201,375
2.50%, 06/24/24(a)		200		211,875
Korea Gas Corp.
2.88%, 07/16/29(a)		200		222,250
3.50%, 07/21/25(a)		200		225,187
3.50%, 07/02/26(a)		200		227,812
3.88%, 02/12/24(a)		200		220,187
6.25%, 01/20/42(a)		200		322,687
Korea Hydro & Nuclear Power Co. Ltd.
3.00%, 09/19/22(a)		400		419,000
3.75%, 07/25/23(a)		200		217,375
Kyobo Life Insurance Co. Ltd., 3.95%, (Call 07/24/22)(a)(d)(e)		200		202,438
LG Chem Ltd.
3.25%, 10/15/24(a)		200		213,520
3.63%, 04/15/29(a)		200		222,500
NongHyup Bank, 3.88%, 07/30/23(a)		200		217,937
POSCO, 2.75%, 07/15/24(a)		400		418,500
Shinhan Bank Co. Ltd.
3.88%, 11/05/23(a)		200		218,246
3.88%, 03/24/26(a)		200		218,187
Shinhan Financial Group Co. Ltd.
3.34%, 02/05/30 (Call 02/05/25)(a)(e)		200		209,813
5.88%, (Call 08/13/23)(a)(d)(e)		200		212,250
SK Hynix Inc., 3.00%, 09/17/24(a)		200		210,563
SK Innovation Co. Ltd., 4.13%, 07/13/23(a)		200		210,688
SK Telecom Co. Ltd., 3.75%, 04/16/23(a)		200		214,244
Woori Bank
4.25%, (Call 10/04/24)(a)(d)(e)		400		404,125
4.50%, (Call 09/27/21)(a)(d)(e)		200		202,688
5.25%, (Call 05/16/22)(a)(d)(e)		200		206,750
				7,305,152
Taiwan — 0.4%
Competition Team Technologies Ltd., 3.75%, 03/12/24(a)		200		213,875
Formosa Group Cayman Ltd., 3.38%, 04/22/25(a)		400		427,750
				641,625
Thailand — 2.2%
Bangkok Bank PCL/Hong Kong
3.73%, 09/25/34 (Call 09/25/29)(a)(e)		600		600,375
4.05%, 03/19/24(a)		400		433,250
4.45%, 09/19/28(a)		200		231,500
Kasikornbank PCL/Hong Kong, 3.34%, 10/02/31 (Call 10/02/26)(a)(e)		400		400,000
PTT Global Chemical PCL, 4.25%, 09/19/22(a)		200		209,750
PTTEP Treasury Center Co. Ltd.
2.59%, 06/10/27 (Call 04/10/27)(a)		400		415,000
3.90%, 12/06/59(a)		200		233,000
Siam Commercial Bank PCL/Cayman Islands
2.75%, 05/16/23(a)		200		206,875
3.90%, 02/11/24(a)		200		215,910
4.40%, 02/11/29(a)		200		231,875
Thaioil Treasury Center Co. Ltd.
3.50%, 10/17/49(a)		200		198,562
3.75%, 06/18/50(a)		200		206,934

7

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® J.P. Morgan EM Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Thailand (continued)
5.38%, 11/20/48(a)	$	200	$	259,875
				3,842,906
Togo — 0.1%
Ecobank Transnational Inc., 9.50%, 04/18/24(a)		200		203,000
Turkey — 4.0%
Akbank T.A.S., 6.80%, 02/06/26(g)		200		194,750
Akbank Turk AS
5.13%, 03/31/25(a)		200		185,500
7.20%, 03/16/27 (Call 03/16/22)(a)(e)		200		181,500
Arcelik AS, 5.00%, 04/03/23(a)		200		198,750
Coca-Cola Icecek AS, 4.22%, 09/19/24 (Call 06/19/24)(a)		200		199,562
KOC Holding AS
5.25%, 03/15/23 (Call 12/15/22)(a)		200		199,000
6.50%, 03/11/25 (Call 12/11/24)(a)		200		203,187
Mersin Uluslararasi Liman Isletmeciligi AS, 5.38%, 11/15/24 (Call 11/15/22)(a)		300		302,344
Petkim Petrokimya Holding AS, 5.88%, 01/26/23 (Call 01/26/21)(a)		200		197,834
QNB Finansbank AS, 6.88%, 09/07/24(a)		200		201,750
Tupras Turkiye Petrol Rafinerileri AS, 4.50%, 10/18/24 (Call 07/20/24)(a)		200		185,125
Turk Telekomunikasyon AS
4.88%, 06/19/24(a)		200		195,375
6.88%, 02/28/25(a)		200		207,687
Turkcell Iletisim Hizmetleri AS
5.75%, 10/15/25(a)		200		200,435
5.80%, 04/11/28 (Call 01/11/28)(a)		200		196,000
Turkiye Garanti Bankasi AS
5.88%, 03/16/23(a)		200		197,063
6.13%, 05/24/27 (Call 05/24/22)(a)(e)		400		334,500
Turkiye Is Bankasi AS
6.00%, 10/24/22(a)		400		385,625
6.13%, 04/25/24(a)		400		380,875
7.00%, 06/29/28 (Call 06/29/23)(a)(e)		200		180,875
7.75%, 01/22/30 (Call 01/22/25)(a)(e)		300		272,250
Turkiye Sise ve Cam Fabrikalari AS, 6.95%, 03/14/26 (Call 12/14/25)(a)		200		203,375
Turkiye Vakiflar Bankasi TAO
5.75%, 01/30/23(a)		400		384,000
6.00%, 11/01/22(a)		200		193,313
8.13%, 03/28/24(a)		200		201,000
Yapi ve Kredi Bankasi AS
5.50%, 12/06/22(a)		200		192,563
5.85%, 06/21/24(a)		200		190,938
6.10%, 03/16/23(a)		200		195,375
8.25%, 10/15/24(a)		200		203,562
8.50%, 03/09/26 (Call 03/09/21)(a)(e)		300		297,375
13.88%, (Call 01/15/24)(a)(d)(e)		200		215,875
				7,077,363
Ukraine — 0.7%
Metinvest BV
7.75%, 04/23/23 (Call 01/23/23)(a)		200		196,875
7.75%, 10/17/29(a)		200		185,500
8.50%, 04/23/26 (Call 01/23/26)(a)		200		195,500
MHP Lux SA, 6.95%, 04/03/26(a)		200		202,062
MHP SE, 7.75%, 05/10/24(a)		200		209,125

Security	Par (000)		Value
Ukraine (continued)
VF Ukraine PAT via VFU Funding PLC, 6.20%, 02/11/25 (Call 02/11/22)(a)	$	200	$	197,938
				1,187,000
United Arab Emirates — 4.2%
Abu Dhabi Commercial Bank PJSC, 4.00%, 03/13/23(a)		400		421,875
Abu Dhabi National Energy Co. PJSC
3.63%, 01/12/23(a)		400		424,750
3.88%, 05/06/24(a)		200		218,687
4.00%, 10/03/49(a)		200		243,200
4.38%, 06/22/26(a)		200		232,625
6.50%, 10/27/36(a)		200		296,000
ADCB Finance Cayman Ltd., 4.00%, 03/29/23(a)		200		210,750
ADIB Capital Invest 2 Ltd., 7.13%, (Call 09/20/23)(a)(d)(e)		200		208,813
Aldar Sukuk Ltd., 4.75%, 09/29/25(a)		200		218,062
BOS Funding Ltd., 4.00%, 09/18/24(a)		200		202,250
DIB Sukuk Ltd.
2.95%, 02/20/25(a)		200		205,563
3.63%, 02/06/23(a)		200		207,000
DIB Tier 1 Sukuk 3 Ltd., 6.25%, (Call 01/22/25)(a)(d)(e)		200		204,500
Emaar Sukuk Ltd., 3.64%, 09/15/26(a)		200		182,813
EMG Sukuk Ltd., 4.56%, 06/18/24(a)		200		200,125
Emirates NBD Bank PJSC
3.25%, 11/14/22(a)		200		207,313
6.13%, (Call 03/20/25)(a)(d)(e)		400		398,125
Emirates Telecommunications Group Co. PJSC, 3.50%, 06/18/24(a)		200		216,875
Esic Sukuk Ltd., 3.94%, 07/30/24(a)		200		197,375
Fab Sukuk Co. Ltd.
2.50%, 01/21/25(a)		200		204,688
3.63%, 03/05/23(a)		200		210,687
3.88%, 01/22/24(a)		200		214,187
First Abu Dhabi Bank PJSC, 1.18%, 07/08/24, (3 mo. LIBOR US + 0.900%)(a)(h)		400		392,500
GEMS MENASA Cayman Ltd./GEMS Education Delaware LLC, 7.13%, 07/31/26 (Call 07/31/22)(a)		200		193,500
MAF Global Securities Ltd., 4.75%, 05/07/24(a)		200		210,500
MAF Sukuk Ltd.
3.93%, 02/28/30(a)		200		199,750
4.64%, 05/14/29(a)		200		209,563
Mashreqbank PSC, 4.25%, 02/26/24(a)		200		212,187
Rakfunding Cayman Ltd., 4.13%, 04/09/24(a)		200		209,562
Ruwais Power Co. PJSC, 6.00%, 08/31/36(a)(b)		200		265,000
Shelf Drilling Holdings Ltd., 8.25%, 02/15/25 (Call 02/15/21)(a)		200		76,000
SIB Sukuk Co. III Ltd., 4.23%, 04/18/23(a)		200		210,625
				7,505,450
Vietnam — 0.1%
Mong Duong Finance Holdings BV, 5.13%, 05/07/29 (Call 05/07/23)(a)		250		251,719
Zambia — 1.0%
First Quantum Minerals Ltd.
6.50%, 03/01/24 (Call 09/01/20)(a)		400		385,604
6.88%, 03/01/26 (Call 03/01/21)(a)		400		397,580
7.25%, 04/01/23 (Call 08/31/20)(a)		600		599,430
7.50%, 04/01/25 (Call 08/31/20)(a)		400		403,000
				1,785,614
Total Corporate Bonds & Notes — 96.8% (Cost: $168,206,473)				171,769,305

8

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® J.P. Morgan EM Corporate Bond ETF (Percentages shown are based on Net Assets)

Security	Par/ Shares (000)		Value
Foreign Government Obligations(j)
Nigeria — 0.3%
Africa Finance Corp.
3.75%, 10/30/29(a)	$	200	$	205,467
3.88%, 04/13/24(a)		200		208,500
4.38%, 04/17/26(a)		200		213,000
				626,967
South Korea — 0.1%
Industrial Bank of Korea, 1.04%, 06/22/25		200		201,059
Supranational — 0.5%
African Export-Import Bank (The)
3.99%, 09/21/29 (Call 06/23/29)(a)		400		405,000
5.25%, 10/11/23(a)		400		431,000
				836,000
Total Foreign Government Obligations — 0.9% (Cost: $1,631,551)				1,664,026
Short-Term Investments
Money Market Funds — 8.1%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.40%(k)(l)(m)		12,456		12,469,607
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.12%(k)(l)		1,817		1,817,000
				14,286,607
Total Short-Term Investments — 8.1% (Cost: $14,272,769)				14,286,607
Total Investments in Securities — 105.8% (Cost: $184,110,793)				187,719,938
Other Assets, Less Liabilities — (5.8)%				(10,267,818	)
Net Assets — 100.0%			$	177,452,120

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

^(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 pay- ments in cash or in the form of additional bonds. Stated interest rate represents the cash coupon rate.

^(g)  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.

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

⁽ⁱ⁾  Zero-coupon bond.

^(j)  U.S. dollar denominated security issued by foreign domiciled entity.

^(k)  Affiliate of the Fund.

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

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

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: Institutional, SL Agency Shares	$	17,281,365	$	—		$	(4,814,099)	(a)	$	(8,737	)	$	11,078	$	12,469,607		12,456	$	92,912	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		1,688,000		129,000	(a)		—			—			—		1,817,000		1,817		8,658			—
									$	(8,737	)	$	11,078	$	14,286,607			$	101,570		$	—

^(a)  Represents net amount purchased (sold).

^(b)  All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

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.

9

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® J.P. Morgan EM Corporate Bond ETF

Fair Value Measurements (continued)

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of July 31, 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	$	—	$	171,769,305	$	—	$	171,769,305
Foreign Government Obligations		—		1,664,026		—		1,664,026
Money Market Funds		14,286,607		—		—		14,286,607
	$	14,286,607	$	173,433,331	$	—	$	187,719,938

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

10