NPORT-EX 2 NPORT_925337557815364.htm iShares JP Morgan EM Corporate Bond ETF

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