| Schedule of Investments (unaudited) | iShares® International High Yield Bond ETF |
| January 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | |||||||
| Corporate Bonds & Notes | |||||||||
| Austria — 0.2% | |||||||||
| ams AG, 6.00%, 07/31/25 (Call 07/31/22)(a) | EUR | 100 | $ | 130,452 | |||||
| Belgium — 0.2% | |||||||||
| Telenet Finance Luxembourg Notes Sarl, 3.50%, 03/01/28 (Call 12/01/22)(a) | EUR | 100 | 125,978 | ||||||
| Canada — 2.6% | |||||||||
| ADLER Group SA, 2.25%, 01/14/29 (Call 10/14/28)(a) | EUR | 100 | 116,901 | ||||||
| Banco BPM SpA, 1.00%, 01/14/31 (Call 01/14/26) | EUR | 100 | 119,347 | ||||||
| Brookfield Residential Properties Inc./Brookfield Residential U.S. Corp., 6.13%, 05/15/23 (Call 05/15/21)(a) | CAD | 50 | 39,544 | ||||||
| Ford Credit Canada Co., 3.50%, 11/30/23 | CAD | 50 | 39,579 | ||||||
| GKN Holdings Ltd., 4.63%, 05/12/32(a) | GBP | 100 | 145,086 | ||||||
| Iccrea Banca SpA, 2.25%, 10/20/25 (Call 10/20/24) | EUR | 100 | 121,590 | ||||||
| Parkland Corp. | |||||||||
| 5.63%, 05/09/25 (Call 05/09/21) | CAD | 150 | 121,762 | ||||||
| 5.75%, 09/16/24 (Call 09/16/21) | CAD | 100 | 80,565 | ||||||
| Parts Europe SA, 6.50%, 07/16/25 (Call 01/09/22)(a) |
EUR | 100 | 126,265 | ||||||
| Quebecor Media Inc., 6.63%, 01/15/23(b) | CAD | 75 | 63,823 | ||||||
| Southern Pacific Resource Corp., 8.75%, 01/25/18(b)(c)(d) | CAD | 50 | — | ||||||
| Valeo SA, 1.50%, 06/18/25 (Call 03/18/25)(a) | EUR | 100 | 124,985 | ||||||
| Videotron Ltd. | |||||||||
| 4.50%, 01/15/30 (Call 10/15/24) | CAD | 150 | 126,889 | ||||||
| 5.63%, 06/15/25 (Call 03/15/25) | CAD | 50 | 44,017 | ||||||
| 5.75%, 01/15/26 (Call 09/15/21)(a) | CAD | 50 | 40,318 | ||||||
| VZ Vendor Financing II BV, 2.88%, 01/15/29 (Call 12/18/23)(a) | EUR | 100 | 119,937 | ||||||
| 1,430,608 | |||||||||
| Cayman Islands — 0.2% | |||||||||
| UPCB Finance VII Ltd., 3.63%, 06/15/29 (Call 06/15/22)(a) | EUR | 100 | 125,074 | ||||||
| Denmark — 0.7% | |||||||||
| DKT Finance ApS, 7.00%, 06/17/23 (Call 06/17/21)(a) | EUR | 200 | 249,237 | ||||||
| TDC A/S, 5.00%, 03/02/22 | EUR | 100 | 126,886 | ||||||
| 376,123 | |||||||||
| Finland — 1.7% | |||||||||
| Nokia OYJ | |||||||||
| 2.00%, 03/15/24 (Call 12/15/23)(a) | EUR | 100 | 126,470 | ||||||
| 2.00%, 03/11/26 (Call 12/11/25)(a) | EUR | 150 | 190,838 | ||||||
| 2.38%, 05/15/25 (Call 02/15/25)(a) | EUR | 200 | 258,503 | ||||||
| Teollisuuden Voima OYJ | |||||||||
| 1.13%, 03/09/26 (Call 12/09/25)(a) | EUR | 200 | 228,736 | ||||||
| 2.63%, 01/13/23(a) | EUR | 100 | 124,733 | ||||||
| 929,280 | |||||||||
| France — 11.5% | |||||||||
| Accor SA | |||||||||
| 1.75%, 02/04/26 (Call 11/04/25)(a) | EUR | 200 | 251,852 | ||||||
| 2.50%, 01/25/24(a) | EUR | 100 | 124,039 | ||||||
| Altice France SA/France | |||||||||
| 2.13%, 02/15/25 (Call 01/29/22)(a) | EUR | 150 | 177,524 | ||||||
| 3.38%, 01/15/28 (Call 09/15/22)(a) | EUR | 200 | 240,712 | ||||||
| 5.88%, 02/01/27 (Call 02/01/22)(a) | EUR | 150 | 195,132 | ||||||
| Banijay Entertainment SASU, 3.50%, 03/01/25 (Call 03/01/22)(a) | EUR | 100 | 120,280 | ||||||
| Casino Guichard Perrachon SA | |||||||||
| 3.58%, 02/07/25 (Call 11/07/24)(a) | EUR | 200 | 219,007 | ||||||
| 4.50%, 03/07/24 (Call 12/04/23)(a) | EUR | 100 | 117,896 | ||||||
| 4.56%, 01/25/23(a) | EUR | 100 | 126,878 | ||||||
| Security | Par (000) |
Value | |||||||
| France (continued) | |||||||||
| CMA CGM SA | |||||||||
| 5.25%, 01/15/25 (Call 10/15/21)(a) | EUR | 100 | $ | 121,203 | |||||
| 7.50%, 01/15/26 (Call 01/15/23)(a) | EUR | 100 | 129,477 | ||||||
| Elis SA | |||||||||
| 1.00%, 04/03/25 (Call 01/03/25)(a) | EUR | 100 | 117,929 | ||||||
| 1.63%, 04/03/28 (Call 01/03/28)(a) | EUR | 100 | 118,439 | ||||||
| 1.75%, 04/11/24 (Call 01/11/24)(a) | EUR | 100 | 122,919 | ||||||
| Faurecia SE | |||||||||
| 2.38%, 06/15/27 (Call 06/15/23)(a) | EUR | 100 | 122,307 | ||||||
| 2.63%, 06/15/25 (Call 06/15/21)(a) | EUR | 150 | 184,527 | ||||||
| 3.13%, 06/15/26 (Call 06/15/22)(a) | EUR | 100 | 124,546 | ||||||
| 3.75%, 06/15/28 (Call 06/15/23)(a) | EUR | 100 | 127,474 | ||||||
| Kapla Holding SAS, 3.38%, 12/15/26 (Call 12/15/22)(a) | EUR | 100 | 119,939 | ||||||
| La Financiere Atalian SASU, 4.00%, 05/15/24 (Call 05/15/21)(a) | EUR | 200 | 228,194 | ||||||
| Loxam SAS | |||||||||
| 3.25%, 01/14/25 (Call 07/15/21)(a) | EUR | 100 | 120,316 | ||||||
| 3.50%, 05/03/23 (Call 02/08/21)(a) | EUR | 200 | 243,109 | ||||||
| 5.75%, 07/15/27 (Call 07/15/22)(a) | EUR | 100 | 121,443 | ||||||
| Orano SA | |||||||||
| 2.75%, 03/08/28 (Call 12/08/27)(a) | EUR | 100 | 127,958 | ||||||
| 3.13%, 03/20/23 (Call 12/20/22)(a) | EUR | 100 | 126,854 | ||||||
| 4.88%, 09/23/24 | EUR | 100 | 138,896 | ||||||
| Quatrim SASU, 5.88%, 01/15/24 (Call 11/15/21)(a) | EUR | 100 | 126,262 | ||||||
| RCI Banque SA, 2.63%, 02/18/30 (Call 02/18/25)(a)(e) | EUR | 200 | 245,431 | ||||||
| Renault SA | |||||||||
| 1.00%, 03/08/23 (Call 12/08/22)(a) | EUR | 100 | 121,298 | ||||||
| 1.00%, 04/18/24 (Call 01/18/24)(a) | EUR | 100 | 120,672 | ||||||
| 1.00%, 11/28/25 (Call 08/28/25)(a) | EUR | 100 | 118,430 | ||||||
| 1.13%, 10/04/27 (Call 07/04/27)(a) | EUR | 100 | 114,788 | ||||||
| 1.25%, 06/24/25 (Call 03/24/25)(a) | EUR | 200 | 239,545 | ||||||
| 2.00%, 09/28/26 (Call 06/28/26)(a) | EUR | 100 | 121,588 | ||||||
| Rexel SA, 2.13%, 06/15/25 (Call 12/15/21)(a) | EUR | 150 | 182,546 | ||||||
| Rubis Terminal Infra SAS, 5.63%, 05/15/25 (Call 05/15/22)(a) | EUR | 100 | 129,066 | ||||||
| SPCM SA, 2.63%, 02/01/29 (Call 09/15/23)(a) | EUR | 100 | 124,949 | ||||||
| SPIE SA | |||||||||
| 2.63%, 06/18/26 (Call 12/18/25)(a) | EUR | 100 | 125,346 | ||||||
| 3.13%, 03/22/24 (Call 09/22/23)(a) | EUR | 100 | 127,601 | ||||||
| Tereos Finance Groupe I SA, 7.50%, 10/30/25 (Call 10/30/22)(a) | EUR | 100 | 127,617 | ||||||
| Valeo SA | |||||||||
| 0.63%, 01/11/23 (Call 10/11/22)(a) | EUR | 100 | 122,327 | ||||||
| 3.25%, 01/22/24(a) | EUR | 100 | 131,578 | ||||||
| Vallourec SA | |||||||||
| 2.25%, 09/30/24(a) | EUR | 100 | 96,281 | ||||||
| 6.63%, 10/15/22 (Call 10/15/21)(a) | EUR | 100 | 96,585 | ||||||
| 6,440,760 | |||||||||
| Germany — 11.1% | |||||||||
| ADLER Group SA | |||||||||
| 1.50%, 07/26/24 (Call 04/26/24)(a) | EUR | 100 | 118,386 | ||||||
| 1.88%, 01/14/26 (Call 10/14/25)(a) | EUR | 100 | 118,280 | ||||||
| 3.25%, 08/05/25 (Call 05/05/25)(a) | EUR | 100 | 125,744 | ||||||
| ADLER Real Estate AG | |||||||||
| 1.50%, 04/17/22 (Call 03/17/22)(a) | EUR | 100 | 121,674 | ||||||
| 3.00%, 04/27/26 (Call 02/27/26)(a) | EUR | 100 | 125,418 | ||||||
| Bertelsmann SE & Co. KGaA | |||||||||
| 3.00%, 04/23/75 (Call 04/23/23)(a)(e) | EUR | 100 | 124,430 | ||||||
| 3.50%, 04/23/75 (Call 04/23/27)(a)(e) | EUR | 100 | 130,835 | ||||||
| Cheplapharm Arzneimittel GmbH, 4.38%, 01/15/28 (Call 01/15/24)(a) | EUR | 150 | 186,134 | ||||||
1
| Schedule of Investments (unaudited) (continued) | iShares® International High Yield Bond ETF |
| January 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Par (000 |
Value | |||||||
| Germany (continued) | |||||||||
| Commerzbank AG | |||||||||
| 4.00%, 03/23/26(a) | EUR | 150 | $ | 202,978 | |||||
| 4.00%, 03/30/27(a) | EUR | 100 | 136,496 | ||||||
| 4.00%, 12/05/30 (Call 09/05/25)(a)(e) | EUR | 100 | 132,310 | ||||||
| Deutsche Bank AG | |||||||||
| 2.75%, 02/17/25(a) | EUR | 125 | 158,476 | ||||||
| 4.50%, 05/19/26(a) | EUR | 100 | 137,071 | ||||||
| 5.63%, 05/19/31 (Call 02/19/26)(a)(e) | EUR | 200 | 280,115 | ||||||
| Deutsche Lufthansa AG | |||||||||
| 0.25%, 09/06/24 | EUR | 50 | 55,140 | ||||||
| 3.00%, 05/29/26 (Call 02/28/26)(a) | EUR | 100 | 118,038 | ||||||
| 5.13%, 08/12/75 (Call 02/12/21)(a)(e) | EUR | 100 | 107,065 | ||||||
| K+S AG | |||||||||
| 2.63%, 04/06/23 (Call 01/06/23)(a) | EUR | 100 | 120,649 | ||||||
| 3.25%, 07/18/24 (Call 04/18/24)(a) | EUR | 100 | 121,073 | ||||||
| LANXESS AG, 4.50%, 12/06/76 (Call 06/06/23)(a)(e) |
EUR | 75 | 96,964 | ||||||
| METRO AG, 1.38%, 10/28/21(a) | EUR | 100 | 122,344 | ||||||
| Nidda BondCo GmbH, 5.00%, 09/30/25 (Call 09/30/21)(a) | EUR | 100 | 122,071 | ||||||
| Nidda Healthcare Holding GmbH, 3.50%, 09/30/24 (Call 09/30/21)(a) | EUR | 300 | 365,045 | ||||||
| Schaeffler AG | |||||||||
| 1.88%, 03/26/24 (Call 12/26/23)(a) | EUR | 100 | 125,400 | ||||||
| 2.75%, 10/12/25 (Call 07/12/25)(a) | EUR | 200 | 257,175 | ||||||
| 3.38%, 10/12/28 (Call 07/12/28)(a) | EUR | 100 | 133,261 | ||||||
| Techem Verwaltungsgesellschaft 675 mbH, 2.00%, 07/15/25 (Call 01/15/22)(a) | EUR | 250 | 299,227 | ||||||
| thyssenkrupp AG | |||||||||
| 1.38%, 03/03/22 (Call 12/03/21)(a) | EUR | 150 | 181,864 | ||||||
| 1.88%, 03/06/23 (Call 02/06/23)(a) | EUR | 250 | 302,708 | ||||||
| 2.88%, 02/22/24 (Call 11/22/23)(a) | EUR | 200 | 244,783 | ||||||
| Vertical Holdco GmbH, 6.63%, 07/15/28 (Call 07/15/23)(a) | EUR | 100 | 129,242 | ||||||
| Vertical Midco GmbH, 4.38%, 07/15/27 (Call 07/15/23)(a) | EUR | 200 | 254,011 | ||||||
| ZF Europe Finance BV | |||||||||
| 2.00%, 02/23/26 (Call 12/23/25)(a) | EUR | 200 | 238,384 | ||||||
| 2.50%, 10/23/27 (Call 07/23/27)(a) | EUR | 100 | 120,506 | ||||||
| 3.00%, 10/23/29 (Call 07/23/29)(a) | EUR | 100 | 122,613 | ||||||
| ZF Finance GmbH | |||||||||
| 2.75%, 05/25/27 (Call 02/25/27)(a) | EUR | 100 | 121,927 | ||||||
| 3.00%, 09/21/25 (Call 06/21/25)(a) | EUR | 100 | 124,584 | ||||||
| 3.75%, 09/21/28 (Call 06/21/28)(a) | EUR | 100 | 128,925 | ||||||
| ZF North America Capital Inc., 2.75%, 04/27/23(a) | EUR | 100 | 124,879 | ||||||
| 6,236,225 | |||||||||
| Greece — 0.6% | |||||||||
| National Bank of Greece SA, 2.75%, 10/08/26 | |||||||||
| (Call 10/08/25)(a)(e) | EUR | 200 | 247,203 | ||||||
| Piraeus Financial Holdings SA, 9.75%, 06/26/29 | |||||||||
| (Call 06/26/24)(a)(e) | EUR | 100 | 110,252 | ||||||
| 357,455 | |||||||||
| Ireland — 1.9% | |||||||||
| AIB Group PLC | |||||||||
| 1.88%, 11/19/29 (Call 11/19/24)(a)(e) | EUR | 100 | 123,164 | ||||||
| 2.88%, 05/30/31 (Call 05/30/26)(a)(e) | EUR | 100 | 128,625 | ||||||
| Bank of Ireland Group PLC, 2.38%, 10/14/29 (Call 10/14/24)(a)(e) | EUR | 100 | 124,449 | ||||||
| eircom Finance DAC 1.75%, 11/01/24 (Call 11/01/21)(a) | EUR | 100 | 120,685 | ||||||
| 3.50%, 05/15/26 (Call 05/15/22)(a) | EUR | 100 | 124,341 | ||||||
| Smurfit Kappa Acquisitions ULC 2.38%, 02/01/24 (Call 11/01/23)(a) | EUR | 100 | 127,959 | ||||||
| Security | Par (000) |
Value | |||||||
| Ireland (continued) | |||||||||
| 2.88%, 01/15/26 (Call 10/15/25)(a) | EUR | 125 | $ | 166,494 | |||||
| Smurfit Kappa Treasury ULC, 1.50%, 09/15/27 (Call 06/14/27)(a) | EUR | 125 | 157,677 | ||||||
| 1,073,394 | |||||||||
| Israel — 2.0% | |||||||||
| Teva Pharmaceutical Finance Netherlands II BV | |||||||||
| 1.13%, 10/15/24(a) | EUR | 200 | 228,963 | ||||||
| 1.25%, 03/31/23 (Call 12/31/22)(a) | EUR | 100 | 118,290 | ||||||
| 1.63%, 10/15/28(a) | EUR | 150 | 163,834 | ||||||
| 1.88%, 03/31/27 (Call 12/31/26)(a) | EUR | 100 | 112,413 | ||||||
| 3.25%, 04/15/22 (Call 01/15/22) | EUR | 100 | 123,481 | ||||||
| 4.50%, 03/01/25 (Call 12/01/24) | EUR | 100 | 127,199 | ||||||
| 6.00%, 01/31/25 (Call 01/31/24) | EUR | 200 | 266,183 | ||||||
| 1,140,363 | |||||||||
| Italy — 16.3% | |||||||||
| Atlantia SpA | |||||||||
| 1.63%, 02/03/25(a) | EUR | 100 | 120,422 | ||||||
| 1.88%, 07/13/27 (Call 04/13/27)(a) | EUR | 275 | 330,115 | ||||||
| Autostrade per l'Italia SpA | |||||||||
| 1.75%, 06/26/26(a) | EUR | 100 | 120,788 | ||||||
| 1.88%, 09/26/29 (Call 06/26/29)(a) | EUR | 200 | 240,311 | ||||||
| 2.00%, 01/15/30 (Call 10/15/29)(a) | EUR | 200 | 239,122 | ||||||
| 4.38%, 09/16/25(a) | EUR | 100 | 136,011 | ||||||
| Banca IFIS SpA, 2.00%, 04/24/23(a) | EUR | 100 | 121,153 | ||||||
| Banca Monte dei Paschi di Siena SpA | |||||||||
| 3.63%, 09/24/24(a) | EUR | 300 | 387,638 | ||||||
| 4.00%, 07/10/22(a) | EUR | 100 | 125,711 | ||||||
| 5.38%, 01/18/28 (Call 01/18/23)(a)(e) | EUR | 100 | 104,999 | ||||||
| 10.50%, 07/23/29(a) | EUR | 100 | 152,470 | ||||||
| Banca Popolare di Sondrio SCPA, 2.38%, 04/03/24(a) | EUR | 100 | 126,160 | ||||||
| Banco BPM SpA | |||||||||
| 1.75%, 04/24/23(a) | EUR | 209 | 259,986 | ||||||
| 1.75%, 01/28/25(a) | EUR | 100 | 124,672 | ||||||
| 4.25%, 10/01/29 (Call 10/01/24)(a)(e) | EUR | 100 | 124,674 | ||||||
| 4.38%, 09/21/27 (Call 09/21/22)(a)(e) | EUR | 100 | 124,615 | ||||||
| BPER Banca, 5.13%, 05/31/27 (Call 05/31/22)(a)(e) |
EUR | 100 | 125,976 | ||||||
| Esselunga SpA, 0.88%, 10/25/23 (Call 07/25/23)(a) |
EUR | 100 | 123,087 | ||||||
| Iccrea Banca SpA, 4.13%, 11/28/29 (Call 11/28/24)(a)(e) | EUR | 100 | 118,034 | ||||||
| Infrastrutture Wireless Italiane SpA | |||||||||
| 1.63%, 10/21/28 (Call 07/21/28)(a) | EUR | 200 | 249,009 | ||||||
| 1.88%, 07/08/26 (Call 04/08/26)(a) | EUR | 150 | 190,640 | ||||||
| Intesa Sanpaolo SpA | |||||||||
| 2.93%, 10/14/30(a) | EUR | 200 | 257,225 | ||||||
| 3.93%, 09/15/26(a) | EUR | 175 | 237,700 | ||||||
| 6.63%, 09/13/23(a) | EUR | 200 | 275,749 | ||||||
| Leonardo SpA, 5.25%, 01/21/22. | EUR | 100 | 127,057 | ||||||
| Mediobanca Banca di Credito Finanziario SpA | |||||||||
| 3.75%, 06/16/26 | EUR | 75 | 99,328 | ||||||
| 5.75%, 04/18/23 | EUR | 50 | 67,039 | ||||||
| Nexi SpA, 1.75%, 10/31/24 (Call 07/31/24)(a) | EUR | 100 | 123,568 | ||||||
| Rossini Sarl, 6.75%, 10/30/25 (Call 10/30/21)(a) | EUR | 100 | 129,259 | ||||||
| Saipem Finance International BV | |||||||||
| 2.63%, 01/07/25(a) | EUR | 100 | 124,608 | ||||||
| 3.75%, 09/08/23(a) | EUR | 100 | 129,293 | ||||||
| Sofima Holding SpA, 3.75%, 01/15/28 (Call 01/15/23)(a) | EUR | 100 | 121,891 | ||||||
| Telecom Italia SpA/Milano | |||||||||
| 1.63%, 01/18/29 (Call 10/18/28)(a) | EUR | 100 | 119,934 | ||||||
| 2.38%, 10/12/27 (Call 07/12/27)(a) | EUR | 300 | 379,290 | ||||||
| 2.50%, 07/19/23(a) | EUR | 100 | 126,939 | ||||||
2
| Schedule of Investments (unaudited) (continued) | iShares® International High Yield Bond ETF |
| January 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | |||||||
| Italy (continued) | |||||||||
| 2.88%, 01/28/26 (Call 10/28/25)(a) | EUR | 100 | $ | 128,915 | |||||
| 3.25%, 01/16/23(a) | EUR | 150 | 191,608 | ||||||
| 3.63%, 01/19/24(a) | EUR | 207 | 269,742 | ||||||
| 3.63%, 05/25/26(a) | EUR | 100 | 134,039 | ||||||
| 4.00%, 04/11/24 (Call 01/11/24)(a) | EUR | 125 | 164,052 | ||||||
| 5.25%, 02/10/22(a) | EUR | 100 | 127,911 | ||||||
| UniCredit SpA | |||||||||
| 2.00%, 09/23/29 (Call 09/23/24)(a)(e) | EUR | 200 | 239,904 | ||||||
| 2.73%, 01/15/32 (Call 01/15/27)(a)(e) | EUR | 200 | 243,650 | ||||||
| 4.38%, 01/03/27 (Call 01/03/22)(a)(e) | EUR | 100 | 125,077 | ||||||
| 6.95%, 10/31/22(a) | EUR | 150 | 201,505 | ||||||
| Unione di Banche Italiane SpA | |||||||||
| 4.38%, 07/12/29 (Call 07/12/24)(a)(e) | EUR | 150 | 195,348 | ||||||
| 4.45%, 09/15/27 (Call 09/15/22)(a)(e) | EUR | 150 | 190,744 | ||||||
| 5.88%, 03/04/29 (Call 03/04/24)(a)(e) | EUR | 150 | 202,974 | ||||||
| Unipol Gruppo SpA | |||||||||
| 3.00%, 03/18/25(a) | EUR | 175 | 225,357 | ||||||
| 3.25%, 09/23/30 (Call 06/23/30)(a) | EUR | 200 | 256,010 | ||||||
| Webuild SpA, 1.75%, 10/26/24(a) | EUR | 250 | 278,763 | ||||||
| 9,140,072 | |||||||||
| Japan — 1.8% | |||||||||
| SoftBank Group Corp. | |||||||||
| 3.13%, 09/19/25 (Call 06/21/25)(a) | EUR | 350 | 437,344 | ||||||
| 4.00%, 07/30/22 (Call 04/30/22)(a) | EUR | 100 | 125,811 | ||||||
| 4.00%, 04/20/23 (Call 01/20/23)(a) | EUR | 100 | 126,824 | ||||||
| 4.00%, 09/19/29 (Call 06/21/29)(a) | EUR | 100 | 129,933 | ||||||
| 5.00%, 04/15/28 (Call 01/16/28)(a) | EUR | 150 | 204,287 | ||||||
| 1,024,199 | |||||||||
| Luxembourg — 4.7% | |||||||||
| Altice Financing SA, 3.00%, 01/15/28 (Call 01/15/23)(a) | EUR | 200 | 231,044 | ||||||
| Altice Finco SA, 4.75%, 01/15/28 (Call 10/15/22)(a) | EUR | 100 | 117,595 | ||||||
| Altice France Holding SA | |||||||||
| 4.00%, 02/15/28 (Call 02/15/23)(a) | EUR | 100 | 116,027 | ||||||
| 8.00%, 05/15/27 (Call 05/15/22)(a) | EUR | 200 | 266,169 | ||||||
| ArcelorMittal SA | |||||||||
| 0.95%, 01/17/23 (Call 10/17/22)(a) | EUR | 100 | 122,681 | ||||||
| 1.00%, 05/19/23 (Call 02/19/23)(a) | EUR | 100 | 122,956 | ||||||
| 1.75%, 11/19/25 (Call 08/19/25)(a) | EUR | 100 | 126,471 | ||||||
| 2.25%, 01/17/24 (Call 10/17/23)(a) | EUR | 100 | 126,831 | ||||||
| Garfunkelux Holdco 3 SA | |||||||||
| 6.75%, 11/01/25 (Call 11/01/22)(a) | EUR | 100 | 124,028 | ||||||
| 7.75%, 11/01/25 (Call 11/01/22)(a) | GBP | 100 | 140,001 | ||||||
| INEOS Finance PLC | |||||||||
| 2.13%, 11/15/25 (Call 11/15/21)(a) | EUR | 100 | 119,708 | ||||||
| 2.88%, 05/01/26 (Call 05/01/22)(a) | EUR | 200 | 246,119 | ||||||
| Matterhorn Telecom SA, 3.13%, 09/15/26 (Call 09/15/22)(a) | EUR | 100 | 120,391 | ||||||
| SIG Combibloc Purchase Co. Sarl, 2.13%, 06/18/25 (Call 03/18/25)(a) | EUR | 200 | 257,503 | ||||||
| Summer BC Holdco A Sarl, 9.25%, 10/31/27 (Call 10/31/22)(a) | EUR | 90 | 116,407 | ||||||
| Summer BC Holdco B Sarl, 5.75%, 10/31/26 (Call 10/31/22)(a) | EUR | 150 | 189,821 | ||||||
| Vivion Investments Sarl, 3.00%, 08/08/24(a) | EUR | 100 | 112,008 | ||||||
| 2,655,760 | |||||||||
| Netherlands — 4.2% | |||||||||
| IPD 3 BV, 5.50%, 12/01/25 (Call 12/01/22)(a) | EUR | 100 | 124,599 | ||||||
| Lincoln Financing Sarl, 3.63%, 04/01/24 (Call 10/01/21)(a) | EUR | 200 | 243,307 | ||||||
| Louis Dreyfus Co. BV, 2.38%, 11/27/25 (Call 08/27/25)(a) | EUR | 100 | 125,428 | ||||||
| Nouryon Holding BV, 6.50%, 10/01/26 (Call 10/01/21)(a) | EUR | 100 | 127,328 | ||||||
| OCI NV, 3.13%, 11/01/24 (Call 11/01/21)(a) | EUR | 200 | 247,667 | ||||||
| Security | Par (000) |
Value | |||||||
| Netherlands (continued) | |||||||||
| PPF Telecom Group BV | |||||||||
| 2.13%, 01/31/25 (Call 10/31/24)(a) | EUR | 100 | $ | 123,718 | |||||
| 3.25%, 09/29/27 (Call 06/29/27)(a) | EUR | 100 | 130,870 | ||||||
| 3.50%, 05/20/24 (Call 02/20/24)(a) | EUR | 100 | 128,902 | ||||||
| Q-Park Holding I BV, 2.00%, 03/01/27 (Call 03/01/23)(a) | EUR | 100 | 113,274 | ||||||
| Sigma Holdco BV, 5.75%, 05/15/26 (Call 05/15/21)(a) | EUR | 100 | 117,674 | ||||||
| SNS Bank NV, 6.25%, 10/30/20(d) | EUR | 50 | — | ||||||
| Trivium Packaging Finance BV, 3.75%, 08/15/26 (Call 08/15/22)(a) | EUR | 100 | 123,929 | ||||||
| United Group BV | |||||||||
| 3.13%, 02/15/26 (Call 02/15/22)(a) | EUR | 100 | 117,694 | ||||||
| 3.63%, 02/15/28 (Call 02/15/23)(a) | EUR | 100 | 117,832 | ||||||
| 4.88%, 07/01/24 (Call 07/01/21)(a) | EUR | 100 | 123,834 | ||||||
| UPC Holding BV, 3.88%, 06/15/29 (Call 06/15/22)(a) | EUR | 100 | 124,236 | ||||||
| Ziggo Bond Co. BV, 3.38%, 02/28/30 (Call 02/15/25)(a) | EUR | 150 | 181,560 | ||||||
| Ziggo BV, 4.25%, 01/15/27 (Call 01/15/22)(a) | EUR | 80 | 101,364 | ||||||
| 2,373,216 | |||||||||
| Norway — 0.5% | |||||||||
| Adevinta ASA, 2.63%, 11/15/25 (Call 11/15/22)(a) | EUR | 200 | 246,957 | ||||||
| Portugal — 1.4% | |||||||||
| Banco Comercial Portugues SA, 4.50%, 12/07/27 (Call 12/07/22)(a)(e) | EUR | 100 | 119,755 | ||||||
| Caixa Geral de Depositos SA, 5.75%, 06/28/28 (Call 06/28/23)(a)(e) | EUR | 100 | 132,809 | ||||||
| EDP - Energias de Portugal SA | |||||||||
| 1.70%, 07/20/80 (Call 04/20/25)(a)(e) | EUR | 100 | 120,404 | ||||||
| 4.50%, 04/30/79 (Call 01/30/24)(a)(e) | EUR | 200 | 265,343 | ||||||
| Novo Banco SA, 8.50%, 07/06/28 (Call 07/06/23)(a)(e) | EUR | 100 | 112,465 | ||||||
| 750,776 | |||||||||
| Spain — 5.6% | |||||||||
| Abanca Corp. Bancaria SA, 4.63%, 04/07/30 (Call 04/07/25)(a)(e) | EUR | 100 | 127,088 | ||||||
| Banco de Sabadell SA | |||||||||
| 1.13%, 03/27/25(a) | EUR | 100 | 122,063 | ||||||
| 1.75%, 05/10/24(a) | EUR | 100 | 124,429 | ||||||
| 2.50%, 04/15/31 (Call 01/15/26)(a)(e) | EUR | 100 | 120,192 | ||||||
| 5.38%, 12/12/28 (Call 12/12/23)(a)(e) | EUR | 100 | 132,377 | ||||||
| Bankia SA | |||||||||
| 1.13%, 11/12/26(a) | EUR | 100 | 125,617 | ||||||
| 3.38%, 03/15/27 (Call 03/15/22)(a)(e) | EUR | 100 | 124,882 | ||||||
| 3.75%, 02/15/29 (Call 02/15/24)(a)(e) | EUR | 200 | 261,629 | ||||||
| Cellnex Telecom SA | |||||||||
| 1.00%, 04/20/27 (Call 01/20/27)(a) | EUR | 100 | 119,995 | ||||||
| 1.88%, 06/26/29 (Call 03/26/29) | EUR | 100 | 123,925 | ||||||
| 2.38%, 01/16/24 (Call 10/16/23)(a) | EUR | 100 | 127,564 | ||||||
| 2.88%, 04/18/25 (Call 01/18/25)(a) | EUR | 100 | 131,353 | ||||||
| 3.13%, 07/27/22(a) | EUR | 100 | 126,802 | ||||||
| Cirsa Finance International Sarl, 6.25%, 12/20/23 (Call 06/20/21)(a) | EUR | 100 | 118,626 | ||||||
| ContourGlobal Power Holdings SA | |||||||||
| 2.75%, 01/01/26 (Call 01/01/23)(a) | EUR | 100 | 121,597 | ||||||
| 4.13%, 08/01/25 (Call 08/01/21)(a) | EUR | 100 | 124,193 | ||||||
| El Corte Ingles SA, 3.00%, 03/15/24 (Call 10/15/21)(a) | EUR | 100 | 122,829 | ||||||
| Gestamp Funding Luxembourg SA, 3.50%, 05/15/23 (Call 05/15/21)(a) | EUR | 100 | 121,616 | ||||||
| Grifols SA | |||||||||
| 1.63%, 02/15/25 (Call 02/15/22)(a) | EUR | 150 | 181,602 | ||||||
| 2.25%, 11/15/27 (Call 11/15/22)(a) | EUR | 100 | 123,026 | ||||||
| 3.20%, 05/01/25 (Call 05/01/21)(a) | EUR | 100 | 122,308 | ||||||
3
| Schedule of Investments (unaudited) (continued) | iShares® International High Yield Bond ETF |
| January 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | |||||||
| Spain (continued) | |||||||||
| Ibercaja Banco SA, 2.75%, 07/23/30 (Call 07/23/25)(a)(e) | EUR | 100 | $ | 118,033 | |||||
| Repsol International Finance BV, 4.50%, 03/25/75 (Call 03/25/25)(a)(e) | EUR | 175 | 232,413 | ||||||
| 3,154,159 | |||||||||
| Sweden — 2.9% | |||||||||
| Akelius Residential Property AB, 2.25%, 05/17/81 (Call 02/17/26)(a)(e) | EUR | 100 | 120,459 | ||||||
| Fastighets AB Balder, 3.00%, 03/07/78 (Call 03/07/23)(a)(e) | EUR | 100 | 123,236 | ||||||
| Intrum AB | |||||||||
| 3.00%, 09/15/27 (Call 09/15/22)(a) | EUR | 100 | 116,192 | ||||||
| 3.13%, 07/15/24 (Call 07/15/21)(a) | EUR | 100 | 121,069 | ||||||
| 3.50%, 07/15/26 (Call 07/15/22)(a) | EUR | 175 | 210,615 | ||||||
| 4.88%, 08/15/25 (Call 08/15/22)(a) | EUR | 100 | 125,399 | ||||||
| Verisure Holding AB | |||||||||
| 3.25%, 02/15/27 (Call 02/15/23)(a) | EUR | 150 | 182,964 | ||||||
| 3.50%, 05/15/23 (Call 05/08/21)(a) | EUR | 100 | 122,774 | ||||||
| Verisure Midholding AB, 5.25%, 02/15/29 (Call 02/15/24)(a) | EUR | 200 | 247,970 | ||||||
| Volvo Car AB, 2.00%, 01/24/25 (Call 10/24/24)(a) | EUR | 200 | 251,352 | ||||||
| 1,622,030 | |||||||||
| Switzerland — 0.4% | |||||||||
| Dufry One BV | |||||||||
| 2.00%, 02/15/27 (Call 02/15/22)(a) | EUR | 100 | 111,320 | ||||||
| 2.50%, 10/15/24 (Call 10/15/21)(a) | EUR | 100 | 114,250 | ||||||
| 225,570 | |||||||||
| United Kingdom — 9.5% | |||||||||
| Algeco Global Finance PLC, 6.50%, 02/15/23 (Call 02/15/21)(a) | EUR | 100 | 123,103 | ||||||
| Arqiva Broadcast Finance PLC, 6.75%, 09/30/23 (Call 09/30/21)(a) | GBP | 150 | 212,901 | ||||||
| Cabot Financial Luxembourg SA, 7.50%, 10/01/23 (Call 10/01/21)(a) | GBP | 44 | 61,508 | ||||||
| EC Finance PLC, 2.38%, 11/15/22 (Call 11/15/21)(a) | EUR | 100 | 116,746 | ||||||
| eG Global Finance PLC, 4.38%, 02/07/25 (Call 05/15/21)(a) | EUR | 125 | 149,204 | ||||||
| FCE Bank PLC | |||||||||
| 1.13%, 02/10/22(a) | EUR | 100 | 121,139 | ||||||
| 1.62%, 05/11/23(a) | EUR | 100 | 121,516 | ||||||
| Heathrow Finance PLC | |||||||||
| 4.38%, 03/01/27(a) | GBP | 100 | 136,200 | ||||||
| 5.25%, 03/01/24 (Call 12/01/23)(a) | GBP | 100 | 142,706 | ||||||
| INEOS Quattro Finance 2 PLC, 2.50%, 01/15/26 (Call 01/15/23)(a) | EUR | 100 | 121,510 | ||||||
| INEOS Styrolution Group GmbH, 2.25%, 01/16/27 (Call 01/15/23)(a) | EUR | 100 | 118,977 | ||||||
| International Consolidated Airlines Group SA, 1.50%, 07/04/27 (Call 04/04/27)(a) | EUR | 100 | 102,507 | ||||||
| Jaguar Land Rover Automotive PLC | |||||||||
| 2.20%, 01/15/24(a) | EUR | 100 | 115,896 | ||||||
| 4.50%, 01/15/26 (Call 10/15/25)(a) | EUR | 150 | 180,645 | ||||||
| 5.00%, 02/15/22(a) | GBP | 100 | 139,427 | ||||||
| 5.88%, 11/15/24 (Call 08/15/24)(a) | EUR | 100 | 129,047 | ||||||
| Jerrold Finco PLC, 5.25%, 01/15/27 (Call 01/15/23)(a) | GBP | 100 | 136,092 | ||||||
| Marks & Spencer PLC | |||||||||
| 3.75%, 05/19/26 (Call 02/19/26)(a) | GBP | 100 | 140,200 | ||||||
| 6.00%, 06/12/25(a) | GBP | 100 | 152,948 | ||||||
| Pinewood Finance Co. Ltd., 3.25%, 09/30/25 (Call 09/30/21)(a) | GBP | 100 | 140,148 | ||||||
| Pinnacle Bidco PLC, 5.50%, 02/15/25 (Call 01/15/22)(a) | EUR | 100 | 119,327 | ||||||
| Rolls-Royce PLC | |||||||||
| 0.88%, 05/09/24 (Call 02/09/24)(a) | EUR | 200 | 228,089 | ||||||
| Security | Par (000) |
Value | |||||||
| United Kingdom (continued) | |||||||||
| 1.63%, 05/09/28 (Call 02/09/28)(a) | EUR | 100 | $ | 111,452 | |||||
| 5.75%, 10/15/27 (Call 07/15/27)(a) | GBP | 100 | 148,495 | ||||||
| Stonegate Pub Co. Financing 2019 PLC, 8.25%, 07/31/25 (Call 07/31/22)(a) | GBP | 100 | 140,626 | ||||||
| Thames Water Utilities Finance PLC, 5.75%, 09/13/30 (Call 09/13/22)(e) | GBP | 100 | 145,902 | ||||||
| Virgin Media Finance PLC, 3.75%, 07/15/30 (Call 07/15/25)(a) | EUR | 207 | 257,074 | ||||||
| Virgin Media Secured Finance PLC | |||||||||
| 4.13%, 08/15/30 (Call 08/15/25)(a) | GBP | 100 | 140,146 | ||||||
| 5.00%, 04/15/27 (Call 04/15/22)(a) | GBP | 100 | 143,980 | ||||||
| 5.25%, 05/15/29 (Call 05/15/24)(a) | GBP | 100 | 148,448 | ||||||
| Vmed O2 UK Financing I PLC | |||||||||
| 3.25%, 01/31/31 (Call 01/31/26)(a) | EUR | 100 | 123,801 | ||||||
| 4.00%, 01/31/29 (Call 01/31/24)(a) | GBP | 100 | 140,009 | ||||||
| Vodafone Group PLC | |||||||||
| 3.10%, 01/03/79 (Call 01/03/24)(a)(e) | EUR | 300 | 377,233 | ||||||
| 4.88%, 10/03/78 (Call 10/03/25)(a) | GBP | 100 | 149,567 | ||||||
| Series NC10, 3.00%, 08/27/80 (Call 05/27/30)(a)(e) | EUR | 150 | 188,347 | ||||||
| Series NC6, 2.63%, 08/27/80 (Call 05/27/26)(a)(e) | EUR | 100 | 124,499 | ||||||
| 5,349,415 | |||||||||
| United States — 17.6% | |||||||||
| Adient Global Holdings Ltd., 3.50%, 08/15/24 (Call 05/15/24)(a) | EUR | 175 | 212,677 | ||||||
| Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc. | |||||||||
| 2.13%, 08/15/26 (Call 08/15/22)(a) | EUR | 200 | 243,374 | ||||||
| 4.75%, 07/15/27 (Call 07/15/22)(a) | GBP | 100 | 142,308 | ||||||
| Avantor Funding Inc., 2.63%, 11/01/25 (Call 11/01/22)(a) | EUR | 200 | 247,853 | ||||||
| Avis Budget Finance PLC, 4.75%, 01/30/26 (Call 09/30/21)(a) | EUR | 100 | 118,431 | ||||||
| Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25 (Call 01/15/22)(a) | EUR | 100 | 123,203 | ||||||
| Ball Corp. | |||||||||
| 0.88%, 03/15/24 (Call 12/15/23) | EUR | 100 | 122,040 | ||||||
| 1.50%, 03/15/27 (Call 12/15/26) | EUR | 100 | 125,138 | ||||||
| 4.38%, 12/15/23 | EUR | 100 | 134,145 | ||||||
| Belden Inc., 3.88%, 03/15/28 (Call 03/06/23)(a) | EUR | 150 | 189,848 | ||||||
| Berry Global Inc., 1.00%, 01/15/25 (Call 10/15/24)(a) | EUR | 100 | 123,057 | ||||||
| Boxer Parent Co. Inc., 6.50%, 10/02/25 (Call 06/01/22)(a) | EUR | 100 | 129,554 | ||||||
| Carnival PLC, 1.00%, 10/28/29 (Call 07/28/29) | EUR | 100 | 86,900 | ||||||
| Catalent Pharma Solutions Inc., 2.38%, 03/01/28 (Call 03/01/23)(a) | EUR | 150 | 181,912 | ||||||
| Chemours Co. (The), 4.00%, 05/15/26 (Call 05/15/21) | EUR | 100 | 121,831 | ||||||
| Clarios Global LP/Clarios US Finance Co., 4.38%, 05/15/26 (Call 05/15/22)(a) | EUR | 125 | 156,646 | ||||||
| Coty Inc., 4.75%, 04/15/26 (Call 04/15/21)(a) | EUR | 100 | 109,790 | ||||||
| Crown European Holdings SA | |||||||||
| 0.75%, 02/15/23 (Call 01/16/23)(a) | EUR | 100 | 121,191 | ||||||
| 2.25%, 02/01/23 (Call 11/01/22)(a) | EUR | 100 | 124,279 | ||||||
| 2.63%, 09/30/24 (Call 03/30/24)(a) | EUR | 125 | 159,162 | ||||||
| 2.88%, 02/01/26 (Call 08/01/25)(a) | EUR | 100 | 129,989 | ||||||
| Darling Global Finance BV, 3.63%, 05/15/26 (Call 05/15/21)(a) | EUR | 100 | 123,827 | ||||||
| Encore Capital Group Inc., 5.38%, 02/15/26 (Call 11/15/22)(a) | GBP | 100 | 140,091 | ||||||
| Energizer Gamma Acquisition BV, 4.63%, 07/15/26 (Call 07/15/21)(a) | EUR | 100 | 125,166 | ||||||
| Ford Motor Credit Co. LLC | |||||||||
| 1.36%, 02/07/25 | EUR | 100 | 118,414 | ||||||
| 1.51%, 02/17/23 | EUR | 100 | 121,078 | ||||||
| 1.74%, 07/19/24 | EUR | 100 | 120,256 | ||||||
| 2.39%, 02/17/26 | EUR | 125 | 152,913 | ||||||
| 2.75%, 06/14/24 | GBP | 200 | 274,089 | ||||||
| 3.02%, 03/06/24 | EUR | 100 | 125,423 | ||||||
4
| Schedule of Investments (unaudited) (continued) | iShares® International High Yield Bond ETF |
| January 31, 2021 | (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | |||||||
| United States (continued) | |||||||||
| 3.25%, 09/15/25 | EUR | 100 | $ | 127,084 | |||||
| 4.54%, 03/06/25 | GBP | 100 | 145,425 | ||||||
| Hanesbrands Finance Luxembourg SCA, 3.50%, 06/15/24 (Call 03/15/24)(a) | EUR | 100 | 127,788 | ||||||
| International Game Technology PLC | |||||||||
| 3.50%, 07/15/24 (Call 01/15/24)(a) | EUR | 125 | 156,415 | ||||||
| 3.50%, 06/15/26 (Call 06/15/22)(a) | EUR | 150 | 184,449 | ||||||
| IQVIA Inc. | |||||||||
| 2.25%, 01/15/28 (Call 07/15/22)(a) | EUR | 150 | 183,574 | ||||||
| 2.88%, 09/15/25 (Call 09/15/21)(a) | EUR | 100 | 122,618 | ||||||
| 3.25%, 03/15/25 (Call 03/15/21)(a) | EUR | 150 | 183,710 | ||||||
| Iron Mountain UK PLC, 3.88%, 11/15/25 (Call 11/15/21)(a) | GBP | 100 | 139,085 | ||||||
| Kraft Heinz Foods Co. | |||||||||
| 2.00%, 06/30/23 (Call 03/30/23)(a) | EUR | 100 | 125,729 | ||||||
| 2.25%, 05/25/28 (Call 02/25/28)(a) | EUR | 100 | 130,405 | ||||||
| 4.13%, 07/01/27 (Call 04/01/27)(a) | GBP | 100 | 152,368 | ||||||
| Levi Strauss & Co., 3.38%, 03/15/27 (Call 03/15/22). | EUR | 100 | 125,395 | ||||||
| Liberty Mutual Group Inc., 3.63%, 05/23/59 (Call 05/23/24)(a)(e) | EUR | 100 | 123,913 | ||||||
| LKQ European Holdings BV | |||||||||
| 3.63%, 04/01/26 (Call 04/01/21)(a) | EUR | 100 | 123,396 | ||||||
| 4.13%, 04/01/28 (Call 04/01/23)(a) | EUR | 100 | 129,856 | ||||||
| LKQ Italia Bondco SpA, 3.88%, 04/01/24 (Call 01/01/24)(a) | EUR | 100 | 130,425 | ||||||
| Mauser Packaging Solutions Holding Co., 4.75%, 04/15/24 (Call 04/15/21)(a) | EUR | 100 | 120,946 | ||||||
| MPT Operating Partnership LP/MPT Finance Corp. | |||||||||
| 3.33%, 03/24/25 (Call 12/24/24) | EUR | 100 | 130,028 | ||||||
| 3.69%, 06/05/28 (Call 04/05/28) | GBP | 100 | 148,802 | ||||||
| 4.00%, 08/19/22 (Call 05/19/22) | EUR | 100 | 127,129 | ||||||
| Netflix Inc. | |||||||||
| 3.63%, 05/15/27 | EUR | 150 | 211,012 | ||||||
| 3.63%, 06/15/30 (Call 03/15/30)(a) | EUR | 250 | 367,993 | ||||||
| 3.88%, 11/15/29(a) | EUR | 200 | 296,607 | ||||||
| 4.63%, 05/15/29 | EUR | 100 | 154,380 | ||||||
| OI European Group BV, 3.13%, 11/15/24 (Call 08/15/24)(a) | EUR | 100 | 125,569 | ||||||
| Primo Water Holdings Inc., 3.88%, 10/31/28 (Call 10/31/23)(a) | EUR | 100 | 124,196 | ||||||
| Refinitiv U.S. Holdings Inc., 4.50%, 05/15/26 (Call 11/15/21)(a) | EUR | 150 | 190,982 | ||||||
| Scientific Games International Inc., 5.50%, 02/15/26 (Call 02/15/21)(a) | EUR | 100 | 119,353 | ||||||
| Sealed Air Corp., 4.50%, 09/15/23 (Call 06/15/23)(a) | EUR | 100 | 132,194 | ||||||
| Silgan Holdings Inc. | |||||||||
| 2.25%, 06/01/28 (Call 03/01/23) | EUR | 100 | 122,750 | ||||||
| 3.25%, 03/15/25 (Call 03/15/21) | EUR | 100 | 122,362 | ||||||
| Spectrum Brands Inc., 4.00%, 10/01/26 (Call 10/01/21)(a) | EUR | 100 | 125,366 | ||||||
| Standard Industries Inc./NJ, 2.25%, 11/21/26 (Call 08/21/26)(a) | EUR | 100 | 123,078 | ||||||
| Tenneco Inc., 5.00%, 07/15/24 (Call 07/15/21)(a) | EUR | 100 | 124,009 | ||||||
| Videotron Ltd., 3.13%, 01/15/31 (Call 01/15/26) | CAD | 50 | 39,043 | ||||||
| Security | Par/ Shares (000) |
Value | |||||||
| United States (continued) | |||||||||
| WMG Acquisition Corp., 3.63%, 10/15/26 (Call 10/15/21)(a) | EUR | 100 | $ | 125,424 | |||||
| 9,847,443 | |||||||||
| Total Corporate Bonds & Notes — 97.6% | |||||||||
| (Cost: $51,129,609). | 54,755,309 | ||||||||
| Common Stocks | |||||||||
| South Africa — 0.0% | |||||||||
| Sentry Holdings Ltd. Class A(d) | 0 | (f) | 0 | (g) | |||||
| United States — 0.0% | |||||||||
| AMC Entertainment Inc., (Acquired 7/31/20, Cost:0)(d)(h)(i) | 0 | 3,554 | |||||||
| Total Common Stocks — 0.0% | |||||||||
| (Cost: $159,437) | 3,554 | ||||||||
| Short-Term Investments | |||||||||
| Money Market Funds — 0.0% | |||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(j)(k) | 10 | 10,000 | |||||||
| Total Short-Term Investments — 0.0% | |||||||||
| (Cost: $10,000) | 10,000 | ||||||||
| Total Investments in Securities — 97.6% | |||||||||
| (Cost: $51,299,046) | 54,768,863 | ||||||||
| Other Assets, Less Liabilities — 2.4% | 1,369,278 | ||||||||
| Net Assets — 100.0% | $ | 56,138,141 | |||||||
| (a) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
| (b) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
| (c) | Issuer filed for bankruptcy and/or is in default. |
| (d) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
| (e) | Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. |
| (f) | Rounds to less than 0.1%. |
| (g) | Rounds to less than $1. |
| (h) | Non-income producing security. |
| (i) | Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $3,554, representing less than 0.05% of its net assets as of period end, and an original cost of $0. |
| (j) | Affiliate of the Fund. |
| (k) | Annualized 7-day yield as of period-end. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliated Issuer | Value at 10/31/20 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 01/31/21 |
Shares Held at 01/31/21 (000) |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares | $ | 40,000 | $ | — | $ | (30,000)(a) | $ | — | $ | — | $ | 10,000 | 10 | $ | 5 | $ | — |
| (a) | Represents net amount purchased (sold). |
5
| Schedule of Investments (unaudited) (continued) | iShares® International High Yield Bond ETF |
| January 31, 2021 |
Fair Value Measurements
Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.
The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of January 31, 2021. 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 | $ | — | $ | 54,755,309 | $ | — | $ | 54,755,309 | |||||
| Common Stocks | — | — | 3,554 | 3,554 | |||||||||
| Money Market Funds | 10,000 | — | — | 10,000 | |||||||||
| $ | 10,000 | $ | 54,755,309 | $ | 3,554 | $ | 54,768,863 |
| Currency Abbreviations | |
| CAD | Canadian Dollar |
| EUR | Euro |
| GBP | British Pound |
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