Schedule of Investments (unaudited)	iShares® J.P. Morgan EM Corporate Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Corporate Bonds & Notes
Argentina — 1.2%
Agua y Saneamientos Argentinos SA, 6.63%, 02/01/23 (Call 02/08/21)(a)	$	150	$	70,500
Arcor SAIC, 6.00%, 07/06/23 (Call 07/06/21)(a)		325		302,276
Arcos Dorados Holdings Inc., 5.88%, 04/04/27 (Call 04/04/22)(a)		200		209,812
MSU Energy SA/UGEN SA/UENSA SA, 6.88%, 02/01/25 (Call 02/01/22)(a)		300		195,656
Pampa Energia SA, 7.50%, 01/24/27 (Call 01/24/22)(a)		450		369,000
Stoneway Capital Corp., 10.00%, 03/01/27 (Call 03/01/22)(a)(b)		266		101,123
Transportadora de Gas del Sur SA, 6.75%, 05/02/25 (Call 05/02/22)(a)		300		262,500
YPF SA
6.95%, 07/21/27(a)		710		430,216
7.00%, 12/15/47 (Call 06/15/47)(a)		350		197,531
8.50%, 07/28/25(a)		700		471,625
8.50%, 07/28/25 (Call 03/27/29)(a)(c)		300		183,563
8.75%, 04/04/24(a)		680		502,350
				3,296,152
Azerbaijan — 0.1%
International Bank of Azerbaijan OJSC, 3.50%, 09/01/24(a)		400		384,004
Bahrain — 0.2%
BBK BSC, 5.50%, 07/09/24(a)		600		617,250
Brazil — 6.1%
Adecoagro SA, 6.00%, 09/21/27 (Call 09/21/22)(a)		150		157,655
Banco Bradesco SA/Cayman Islands, 3.20%, 01/27/25(a)		200		207,810
Banco BTG Pactual SA/Cayman Islands, 4.50%, 01/10/25 (Call 12/10/24)(a)		200		209,360
Banco do Brasil SA/Cayman
4.63%, 01/15/25(a)		200		215,250
4.75%, 03/20/24(a)		400		428,780
6.25%, (Call 04/15/24)(a)(d)(e)		200		199,000
9.00%, (Call 06/18/24)(a)(d)(e)		200		223,310
9.25%, 12/31/49 (Call 04/15/23)(a)		200		218,875
Braskem Netherlands Finance BV
4.50%, 01/10/28 (Call 10/10/27)(a)		200		207,563
4.50%, 01/31/30(a)		400		405,460
5.88%, 01/31/50(a)		200		202,450
BRF SA, 4.88%, 01/24/30 (Call 10/24/29)(a)		200		211,636
Cemig Geracao e Transmissao SA, 9.25%, 12/05/24 (Call 12/05/23)(a)		200		230,725
Centrais Eletricas Brasileiras SA, 4.63%, 02/04/30(a)		200		206,088
Cosan Ltd., 5.50%, 09/20/29 (Call 09/20/24)(a)		200		214,700
CSN Inova Ventures, 6.75%, 01/28/28 (Call 01/28/24)(a)		400		430,010
CSN Resources SA
7.63%, 02/13/23 (Call 03/01/21)(a)		200		207,188
7.63%, 04/17/26 (Call 04/17/22)(a)		200		214,436
Embraer Netherlands Finance BV
5.05%, 06/15/25		227		237,782
5.40%, 02/01/27		150		156,825
Fibria Overseas Finance Ltd., 5.50%, 01/17/27(c)		100		114,183
FS Luxembourg Sarl, 10.00%, 12/15/25 (Call 12/15/23)(a)		200		213,130
Gerdau Trade Inc., 4.88%, 10/24/27(a)		200		228,562
Globo Comunicacao e Participacoes SA, 4.88%, 01/22/30(a)		200		209,325
Gol Finance SA, 7.00%, 01/31/25 (Call 01/31/22)(a)		100		87,605
GUSAP III LP, 4.25%, 01/21/30 (Call 07/21/29)(a)		200		218,325

Security	Par (000)		Value
Brazil (continued)
Itau Unibanco Holding SA/Cayman Island
4.50%, 11/21/29 (Call 11/21/24)(a)(e)	$	200	$	205,150
4.63%, (Call 02/27/25)(a)(d)(e)		200		190,750
5.13%, 05/13/23(a)(c)		200		214,150
6.50%, (Call 03/19/23)(a)(d)(e)		200		204,625
JBS Investments II GmbH
5.75%, 01/15/28 (Call 07/15/22)(a)		400		424,400
7.00%, 01/15/26 (Call 01/15/22)(a)		200		214,500
JSM Global Sarl, 4.75%, 10/20/30 (Call 07/20/30)(a)		200		210,437
Klabin Austria GmbH
3.20%, 01/12/31 (Call 10/12/30)(f)		200		199,320
5.75%, 04/03/29 (Call 01/03/29)(a)		200		230,000
MARB BondCo PLC
3.95%, 01/29/31 (Call 01/29/26)(f)		200		198,950
6.88%, 01/19/25 (Call 02/16/21)(a)(c)		200		206,375
Minerva Luxembourg SA, 6.50%, 09/20/26 (Call 09/20/21)(a)		200		210,114
NBM U.S. Holdings Inc., 7.00%, 05/14/26 (Call 05/14/22)(a)		200		214,700
Odebrecht Drilling Norbe VIII/IX Ltd., 7.35%, (7.35% PIK), 12/01/26 (Call 03/01/21)(a)(g)		255		76,811
Odebrecht Offshore Drilling Finance Ltd., 7.72%, (7.72% PIK), 12/01/26 (Call 12/01/21)(a)(g)		170		25,218
Oi SA, 10.00%, (4.00% PIK), 07/27/25(g)		225		233,775
Petrobras Global Finance BV
4.38%, 05/20/23(c)		100		107,188
5.09%, 01/15/30		600		655,350
5.30%, 01/27/25		100		113,700
5.60%, 01/03/31 (Call 10/03/30)		400		444,400
5.63%, 05/20/43		100		107,156
5.75%, 02/01/29(c)		250		289,312
6.00%, 01/27/28		200		233,750
6.25%, 03/17/24		100		114,031
6.75%, 01/27/41		100		118,438
6.75%, 06/03/50 (Call 12/03/49)		250		291,000
6.85%, 06/05/2115(c)		300		349,950
6.88%, 01/20/40		148		177,554
6.90%, 03/19/49		400		479,300
7.25%, 03/17/44		275		336,435
7.38%, 01/17/27(c)		250		311,712
8.75%, 05/23/26		200		263,250
Rede D’or Finance Sarl, 4.95%, 01/17/28 (Call 10/17/27)(a)		200		211,375
Rumo Luxembourg Sarl, 5.88%, 01/18/25 (Call 01/18/22)(a)		200		211,125
St. Marys Cement Inc. Canada, 5.75%, 01/28/27 (Call 10/28/26)(a)		200		233,730
Suzano Austria GmbH
3.75%, 01/15/31 (Call 10/15/30)		300		317,310
5.00%, 01/15/30 (Call 10/15/29)		200		225,352
6.00%, 01/15/29 (Call 10/15/28)		200		239,250
7.00%, 03/16/47 (Call 09/16/46)(a)(c)		200		264,712
Ultrapar International SA, 5.25%, 06/06/29(a)		200		217,687
Usiminas International Sarl, 5.88%, 07/18/26 (Call 07/18/23)(a)		200		213,650
Vale Overseas Ltd.
3.75%, 07/08/30 (Call 04/08/30)		200		218,630
6.25%, 08/10/26		200		245,187
6.88%, 11/21/36		300		429,315
6.88%, 11/10/39		250		363,047
				16,898,204
Chile — 3.7%
AES Gener SA, 7.13%, 03/26/79 (Call 04/07/24)(a)(e)		400		439,500
Antofagasta PLC, 2.38%, 10/14/30 (Call 07/14/30)(a)		200		203,000

1

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Corporate Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Chile (continued)
Banco de Credito e Inversiones SA
3.50%, 10/12/27(a)(c)	$	200	$	221,313
4.00%, 02/11/23(a)		200		211,900
Banco Santander Chile, 2.70%, 01/10/25 (Call 12/10/24)(a)(c)		450		474,592
Celulosa Arauco y Constitucion SA
4.20%, 01/29/30 (Call 10/29/29)(a)		400		450,000
4.25%, 04/30/29 (Call 01/30/29)(a)		400		448,500
4.50%, 08/01/24 (Call 05/01/24)		200		219,125
5.15%, 01/29/50 (Call 07/29/49)(a)		200		234,250
5.50%, 04/30/49 (Call 10/30/48)(a)(c)		200		242,500
Cencosud SA
4.38%, 07/17/27 (Call 04/17/27)(a)		600		671,250
5.15%, 02/12/25 (Call 11/12/24)(a)		200		223,080
Colbun SA
3.15%, 03/06/30 (Call 12/06/29)(a)		200		214,125
3.95%, 10/11/27 (Call 07/11/27)(a)		400		446,625
Empresa Electrica Guacolda SA, 4.56%, 04/30/25 (Call 01/30/25)(a)		200		181,563
Empresa Nacional de Telecomunicaciones SA
4.75%, 08/01/26 (Call 05/03/26)(a)		600		668,250
4.88%, 10/30/24 (Call 07/30/24)(a)		400		431,000
Enel Americas SA, 4.00%, 10/25/26 (Call 07/25/26)		200		222,750
Enel Chile SA, 4.88%, 06/12/28 (Call 03/12/28)		500		585,781
Engie Energia Chile SA, 3.40%, 01/28/30 (Call 10/28/29)(a)		400		431,000
GNL Quintero SA, 4.63%, 07/31/29(a)		600		665,400
Inversiones CMPC SA
3.85%, 01/13/30 (Call 10/13/29)(a)		200		221,500
4.38%, 04/04/27(a)		400		449,550
Inversiones CMPC SA/Cayman Islands Branch, 4.38%,
05/15/23 (Call 02/15/23)(a)(c)		400		424,625
Kenbourne Invest SA, 6.88%, 11/26/24 (Call 11/26/21)(a)		200		214,375
SACI Falabella, 3.75%, 04/30/23(a)		200		210,875
VTR Comunicaciones SpA, 5.13%, 01/15/28 (Call 07/15/23)(a)		400		426,250
VTR Finance NV, 6.38%, 07/15/28 (Call 07/15/23)(a)		400		434,010
				10,266,689
China — 8.7%
Agile Group Holdings Ltd., 8.38%, (Call 12/04/23)(a)(d)(e)		200		211,625
Alibaba Group Holding Ltd.
3.40%, 12/06/27 (Call 09/06/27)		300		331,353
3.60%, 11/28/24 (Call 08/28/24)		400		435,832
4.00%, 12/06/37 (Call 06/06/37)		200		225,687
4.20%, 12/06/47 (Call 06/06/47)		200		234,312
Amipeace Ltd., 2.50%, 12/05/24(a)		200		209,250
Baidu Inc.
3.08%, 04/07/25 (Call 03/07/25)		400		426,218
4.13%, 06/30/25		200		222,312
Bank of China Ltd., 5.00%, 11/13/24(a)		400		449,875
Bank of China Ltd./Hong Kong
1.08%, 03/08/23, (3 mo. LIBOR US + 0.850%)(a)(e)		200		200,164
3.88%, 06/30/25(a)		200		222,312
Bank of Communications Co. Ltd., 3.80%, (Call 11/18/25)(a)(d)(e)		200		205,000
Bank of Communications Co. Ltd./Hong Kong, 1.07%, 05/17/23, (3 mo. LIBOR US + 0.85%)(a)(e)		200		200,088
Bocom Leasing Management Hong Kong Co. Ltd., 1.31%, 12/10/24, (3 mo. LIBOR US + 1.075%)(a)(e)		200		196,250
CCBL Cayman 1 Corp. Ltd., 1.99%, 07/21/25(a)		200		201,783
CCCI Treasure Ltd., 3.43%, (Call 11/21/24)(a)(d)(e)		200		196,813
CFLD Cayman Investment Ltd., 8.05%, 01/13/25(a)		200		72,000

Security	Par (000)		Value
China (continued)
China Cinda 2020 I Management Ltd., 2.50%, 03/18/25 (Call 02/18/25)(a)	$	200	$	206,215
China Cinda Finance 2015 I Ltd., 4.25%, 04/23/25(a)		200		220,812
China Cinda Finance 2017 I Ltd.
3.88%, 02/08/23(a)		200		210,096
4.75%, 02/21/29(a)		200		230,937
China Construction Bank Corp., 4.25%, 02/27/29 (Call 02/27/24)(a)(e)		200		215,687
China Construction Bank Corp./Hong Kong, 1.25%, 08/04/25(a)		200		200,188
China Evergrande Group
7.50%, 06/28/23 (Call 03/01/21)(a)		400		345,800
8.75%, 06/28/25 (Call 06/28/21)(a)		200		163,250
10.50%, 04/11/24 (Call 04/11/22)(a)		200		181,313
China Great Wall International Holdings V Ltd., 2.38%, 08/18/30(a)		200		194,688
China Mengniu Dairy Co. Ltd., 1.88%, 06/17/25 (Call 05/17/25)(a)		200		200,851
China Overseas Finance Cayman VI Ltd., 5.95%, 05/08/24(a)		200		226,875
China Overseas Finance Cayman VII Ltd., 4.25%, 04/26/23(a)		200		211,782
China Resources Land Ltd., 4.13%, 02/26/29(a)		200		218,812
China SCE Group Holdings Ltd., 7.38%, 04/09/24 (Call 04/09/22)(a)		200		210,125
China State Construction Finance Cayman Ltd., 6.00%, (Call 12/03/21)(a)(d)(e)		200		205,688
CIFI Holdings Group Co. Ltd., 6.00%, 07/16/25 (Call 01/16/23)(a)		200		212,500
CITIC Ltd.
2.85%, 02/25/30(a)		200		205,875
3.88%, 02/28/27(a)		200		219,500
CMB International Leasing Management Ltd., 1.88%, 08/12/25(a)		200		198,995
CMHI Finance BVI Co. Ltd.
3.50%, (Call 10/09/23)(a)(d)(e)		200		203,000
4.38%, 08/06/23(a)		200		214,058
CNOOC Finance 2013 Ltd., 2.88%, 09/30/29 (Call 06/30/29).		200		205,188
CNOOC Finance 2014 ULC, 4.25%, 04/30/24		200		216,812
CNOOC Finance 2015 USA LLC, 4.38%, 05/02/28		200		224,812
CNOOC Petroleum North America ULC
6.40%, 05/15/37		375		494,180
7.50%, 07/30/39		200		297,625
CNPC General Capital Ltd., 3.40%, 04/16/23(a)		200		209,875
Contemporary Ruiding Development Ltd., 1.88%, 09/17/25 (Call 06/17/25)(a)		200		202,302
COSL Singapore Capital Ltd., 4.50%, 07/30/25(a)		200		220,000
Country Garden Holdings Co. Ltd.
3.13%, 10/22/25 (Call 09/22/25)(a)		200		202,438
4.20%, 02/06/26 (Call 02/06/24)(a)		200		211,312
7.25%, 04/08/26 (Call 04/08/23)(a)		400		451,300
CRCC Yuxiang Ltd., 3.50%, 05/16/23(a)		200		208,938
Franshion Brilliant Ltd., 4.00%, (Call 01/03/23)(a)(d)(e)		200		201,125
Huarong Finance 2017 Co. Ltd.
4.25%, 11/07/27(a)		200		222,687
4.75%, 04/27/27(a)		400		453,125
Huarong Finance 2019 Co. Ltd.
3.75%, 05/29/24 (a)		400		423,624
4.50%, 05/29/29(a)		200		219,764
Huarong Finance II Co. Ltd., 5.50%, 01/16/25(a)		400		450,672
ICBCIL Finance Co. Ltd., 3.75%, 03/05/24(a)		200		214,062

2

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Corporate Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)			Value
China (continued)
Industrial & Commercial Bank of China Ltd./London, 1.07%, 10/25/23, (3 mo. LIBOR US + 0.850%)(a)(e)	$	400	$	400,787
Industrial & Commercial Bank of China Ltd./Singapore, 1.05%, 04/25/24, (3 mo. LIBOR US + 0.830%)(a)(e)		400		400,409
Industrial & Commercial Bank of China Macau Ltd., 2.88%, 09/12/29 (Call 09/12/24)(a)(e)		400		414,750
Inventive Global Investments Ltd., 1.65%, 09/03/25(a)		200		199,195
JD.com Inc., 3.88%, 04/29/26		200		221,937
Joy Treasure Assets Holdings Inc., 3.50%, 09/24/29 (Call 06/24/29)(a)		200		211,187
Kaisa Group Holdings Ltd.
9.38%, 06/30/24 (Call 06/30/21)(a)		400		379,800
10.50%, 01/15/25 (Call 01/15/23)(a)		200		195,750
Lenovo Group Ltd.
3.42%, 11/02/30 (Call 08/02/30)(a)		200		212,138
4.75%, 03/29/23(a)		200		211,687
Longfor Group Holdings Ltd., 3.95%, 09/16/29(a)		200		217,375
Meituan, 3.05%, 10/28/30 (Call 07/28/30)(f)		200		207,922
Poly Developments and Holdings Group Co. Ltd., 3.88%, 03/25/24(a)		200		210,313
Prosus NV
4.85%, 07/06/27 (Call 04/06/27)(a)(c)		600		685,875
5.50%, 07/21/25 (Call 04/21/25)(a)		600		686,625
Proven Honour Capital Ltd.
4.13%, 05/19/25(a)		200		209,000
4.13%, 05/06/26(a)		200		209,625
SF Holding Investment Ltd., 2.88%, 02/20/30(a)		200		208,313
Shanghai Port Group BVI Development 2 Co. Ltd., 2.38%, 07/13/30 (Call 04/13/30)(a)		200		200,500
Shimao Group Holdings Ltd., 5.60%, 07/15/26 (Call 07/15/23)(a)		400		439,375
Sino-Ocean Land Treasure Finance II Ltd., 5.95%, 02/04/27(a)		200		222,937
Sinopec Capital 2013 Ltd., 3.13%, 04/24/23(a)		400		416,750
State Elite Global Ltd., 0.99%, 10/24/24, (3 mo. LIBOR US + 0.770%)(a)(e)		200		199,063
Sunac China Holdings Ltd., 6.50%, 01/10/25 (Call 01/10/23)(a)		200		200,938
Tencent Holdings Ltd.
1.81%, 01/26/26 (Call 12/26/25)(a)(c)		400		405,875
2.39%, 06/03/30 (Call 03/03/30)(a)(c)		200		201,688
3.60%, 01/19/28 (Call 10/19/27)(a)(c)		300		327,831
3.93%, 01/19/38 (Call 07/19/37)(a)		400		444,625
3.98%, 04/11/29 (Call 01/11/29)(a)		200		225,250
4.53%, 04/11/49 (Call 10/11/48)(a)		200		246,125
Vanke Real Estate Hong Kong Co. Ltd.
4.15%, 04/18/23(a)		200		210,438
4.20%, 06/07/24(a)		200		215,687
Weibo Corp., 3.38%, 07/08/30 (Call 04/08/30)(c)		200		205,813
Well Hope Development Ltd., 3.88%, (Call 10/19/22)(a)(d)(e)		200		201,938
Yuzhou Group Holdings Co. Ltd., 7.38%, 01/13/26 (Call 01/13/24)(a)		200		210,000
				24,325,283
Colombia — 4.4%
AI Candelaria Spain SLU, 7.50%, 12/15/28 (Call 09/15/28)(a)		500		574,200
Banco de Bogota SA
4.38%, 08/03/27 (Call 05/03/27)(a)		350		377,038
5.38%, 02/19/23(a)(c)		200		212,500
6.25%, 05/12/26(a)		400		451,000

Security	Par (000)		Value
Colombia (continued)
Bancolombia SA
3.00%, 01/29/25 (Call 12/29/24)	$	200	$	206,000
4.63%, 12/18/29 (Call 12/18/24)(c)(e)		400		412,496
4.88%, 10/18/27 (Call 10/18/22)(c)(e)		600		609,750
Colombia Telecomunicaciones SA ESP, 4.95%, 07/17/30 (Call 04/17/30)(a)(c)		400		430,500
Ecopetrol SA
4.13%, 01/16/25		633		681,741
5.38%, 06/26/26 (Call 03/26/26)		735		834,041
5.88%, 09/18/23		950		1,054,082
5.88%, 05/28/45		1,100		1,251,140
6.88%, 04/29/30 (Call 01/29/30)		950		1,181,800
7.38%, 09/18/43		400		518,000
Grupo Aval Ltd., 4.38%, 02/04/30 (Call 11/04/29)(a)		400		411,700
Grupo de Inversiones Suramericana SA, 5.50%, 04/29/26 (Call 01/29/26)(a)		400		453,500
Millicom International Cellular SA
4.50%, 04/27/31 (Call 04/27/26)(f)		200		212,000
5.13%, 01/15/28 (Call 09/15/22)(a)		200		209,940
6.25%, 03/25/29 (Call 03/25/24)(a)(c)		400		444,050
6.63%, 10/15/26 (Call 10/15/21)(a)		200		214,375
Oleoducto Central SA, 4.00%, 07/14/27 (Call 05/14/27)(a)		200		215,650
Promigas SA ESP/Gases del Pacifico SAC, 3.75%, 10/16/29 (Call 07/16/29)(a)(c)		200		210,950
SURA Asset Management SA, 4.88%, 04/17/24(a)		200		218,550
Termocandelaria Power Ltd., 7.88%, 01/30/29 (Call 01/30/23)(a)		400		436,000
Transportadora de Gas Internacional SA ESP, 5.55%, 11/01/28 (Call 08/01/28)(a)		400		465,120
				12,286,123
Congo — 0.2%
HTA Group Ltd./Mauritius, 7.00%, 12/18/25 (Call 06/18/22)(a)		600		638,813
Ghana — 0.2%
Kosmos Energy Ltd., 7.13%, 04/04/26 (Call 04/04/22)(a)		400		396,000
Tullow Oil PLC, 7.00%, 03/01/25 (Call 03/01/21)(a)		400		262,340
				658,340
Guatemala — 0.1%
Central American Bottling Corp., 5.75%, 01/31/27 (Call 01/31/22)(a)		300		317,063
Hong Kong — 5.1%
AIA Group Ltd.
3.20%, 09/16/40 (Call 03/16/40)(a)(c)		600		623,040
3.38%, 04/07/30 (Call 01/07/30)(a)		200		221,338
3.60%, 04/09/29 (Call 01/09/29)(a)		200		223,000
3.90%, 04/06/28 (Call 01/06/28)(a)		200		225,312
4.50%, 03/16/46 (Call 09/16/45)(a)		200		254,187
Bank of China Hong Kong Ltd., 5.90%, (Call 09/14/23)(a)(d)(e)		600		652,500
Bank of Communications Hong Kong Ltd., 3.73%, (Call 03/03/25)(a)(d)(e)		250		252,797
Bank of East Asia Ltd. (The)
4.00%, 11/03/26 (Call 11/03/21)(a)(e)		200		202,125
5.83%, (Call 10/21/25)(a)(d)(e)		250		267,000
5.88%, (Call 09/19/24)(a)(d)(e)		250		263,359
Celestial Dynasty Ltd., 4.25%, 06/27/29(a)		400		410,750
Celestial Miles Ltd., 5.75%, (Call 01/31/24)(a)(d)(e)		200		210,188
China CITIC Bank International Ltd., 7.10%, (Call 11/06/23)(a)(d)(e)		200		218,375
CK Hutchison International 16 Ltd., 2.75%, 10/03/26(a)		200		217,062

3

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Corporate Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Hong Kong (continued)
CK Hutchison International 19 II Ltd., 2.75%, 09/06/29 (Call 06/06/29)(a)	$	200	$	212,625
CK Hutchison International 19 Ltd.
3.25%, 04/11/24 (Call 03/11/24)(a)(c)		200		215,248
3.38%, 09/06/49 (Call 03/06/49)(a)		200		220,687
3.63%, 04/11/29 (Call 01/11/29)(a)		400		450,073
CK Hutchison International 20 Ltd., 2.50%, 05/08/30 (Call 02/08/30)(a)		600		626,062
CLP Power Hong Kong Financing Ltd., 2.13%, 06/30/30(a)		200		202,040
Elect Global Investments Ltd., 4.10%, (Call 06/03/25)(a)(d)(e)		200		200,000
FWD Group Ltd.
0.00%, (Call 06/15/22)(a)(d)(e)(h)		200		170,500
5.75%, 07/09/24(a)		200		209,625
Henderson Land MTN Ltd., 2.38%, 05/27/25(a)		200		202,646
HKT Capital No. 5 Ltd., 3.25%, 09/30/29(a)		200		212,687
Hongkong Electric Finance Ltd.
1.88%, 08/27/30 (Call 02/27/30)(a)		200		196,563
2.88%, 05/03/26(a)		200		214,687
Hongkong Land Finance Cayman Islands Co. Ltd. (The), 2.88%, 05/27/30 (Call 02/27/30)(a)		200		209,750
HPHT Finance 19 Ltd., 2.88%, 11/05/24(a)		200		209,313
Hutchison Whampoa International 14 Ltd., 3.63%, 10/31/24(a)		600		662,062
Hutchison Whampoa International Ltd., 7.45%, 11/24/33(a)		100		154,700
Hysan MTN Ltd., 2.82%, 09/04/29(a)		200		205,688
IFC Development Corporate Treasury Ltd., 3.63%, 04/17/29(a)		200		217,250
Industrial & Commercial Bank of China Asia Ltd., 4.25%, (Call 07/21/21)(a)(d)(e)		400		403,500
Li & Fung Ltd.
4.38%, 10/04/24 (Call 09/04/24)(a)		200		204,188
4.50%, 08/18/25 (Call 07/18/25)(a)		400		410,000
Link Finance Cayman 2009 Ltd. (The), 3.60%, 09/03/24(a)		200		213,625
MTR Corp. Ltd., 1.63%, 08/19/30(a)		400		392,375
Nan Fung Treasury III Ltd., 5.00%, (Call 09/10/23)(a)(d)		200		201,438
Nan Fung Treasury Ltd., 3.63%, 08/27/30(a)		200		201,688
Nanyang Commercial Bank Ltd., 5.00%, (Call 06/02/22)(a)(d)(e)		350		355,250
New World China Land Ltd., 4.75%, 01/23/27(a)		200		209,938
NWD Finance BVI Ltd.
4.80%, (Call 09/09/23)(a)(d)		200		195,500
5.25%, (Call 03/22/26)(a)(d)(e)		200		212,000
6.25%, (Call 03/07/24)(a)(d)		200		206,375
NWD MTN Ltd.
4.13%, 07/18/29(a)		200		206,063
4.50%, 05/19/30(a)		200		210,937
OVPH Ltd., 5.88%, (Call 03/01/21)(a)(d)		200		200,500
PCCW-HKT Capital No. 5 Ltd., 3.75%, 03/08/23(a)		200		210,250
Sun Hung Kai Properties Capital Market Ltd., 2.88%, 01/21/30(a)		200		210,125
Swire Pacific Mtn Financing HK Ltd., 2.88%, 01/30/30 (Call 10/30/29)(a)		200		206,813
Swire Pacific MTN Financing Ltd., 4.50%, 10/09/23(a)		200		217,437
Swire Properties MTN Financing Ltd., 3.63%, 01/13/26(a)		200		217,625
				14,118,866
India — 4.6%
ABJA Investment Co. Pte Ltd.
5.45%, 01/24/28(a)		400		417,348
5.95%, 07/31/24(a)		200		214,313
Adani Electricity Mumbai Ltd., 3.95%, 02/12/30(a)		400		418,750

Security	Par (000)		Value
India (continued)
Adani Green Energy UP Ltd./Prayatna Developers Pvt Ltd./Parampujya Solar Energy, 6.25%, 12/10/24(a)	$	200	$	222,025
Adani Ports & Special Economic Zone Ltd.
3.38%, 07/24/24(a)		200		209,438
4.00%, 07/30/27 (Call 06/30/27)(a)		200		215,812
4.20%, 08/04/27 (Call 02/04/27)(a)(c)		400		434,740
Adani Transmission Ltd., 4.00%, 08/03/26(a)		200		216,312
Bharat Petroleum Corp. Ltd., 4.00%, 05/08/25(a)		200		209,688
Bharti Airtel International Netherlands BV, 5.35%, 05/20/24(a)		400		441,750
Bharti Airtel Ltd., 4.38%, 06/10/25(a)		400		434,500
BPRL International Singapore Pte Ltd., 4.38%, 01/18/27(a)		200		210,508
Delhi International Airport Ltd., 6.13%, 10/31/26(a)		400		406,250
Future Retail Ltd., 5.60%, 01/22/25 (Call 01/22/23)(a)		200		171,563
Greenko Solar Mauritius Ltd.
5.55%, 01/29/25 (Call 01/29/21)(a)		200		205,438
5.95%, 07/29/26 (Call 07/29/22)(a)		400		430,125
Hindustan Petroleum Corp. Ltd., 4.00%, 07/12/27(a)		200		214,188
ICICI Bank Ltd./Dubai, 4.00%, 03/18/26(a)		450		490,781
Indian Oil Corp. Ltd., 4.75%, 01/16/24(a)		400		432,125
Indian Railway Finance Corp. Ltd.
3.25%, 02/13/30(a)(c)		200		208,980
3.73%, 03/29/24(a)		200		213,188
3.84%, 12/13/27(a)		200		220,750
Network i2i Ltd., 5.65%, (Call 01/15/25)(a)(d)(e)		200		211,563
NTPC Ltd.
4.25%, 02/26/26(a)		200		218,375
4.38%, 11/26/24(a)		200		217,437
Oil India International Pte Ltd., 4.00%, 04/21/27(a)		200		215,437
Oil India Ltd., 5.38%, 04/17/24(a)		200		221,312
ONGC Videsh Ltd., 4.63%, 07/15/24(a)		200		218,687
ONGC Videsh Vankorneft Pte Ltd., 3.75%, 07/27/26(a)		200		216,187
Periama Holdings LLC/DE, 5.95%, 04/19/26(a)		400		424,000
Power Finance Corp. Ltd.
3.95%, 04/23/30(a)		200		209,948
4.50%, 06/18/29(a)		400		435,125
REC Ltd.
3.38%, 07/25/24(a)		200		209,375
5.25%, 11/13/23(a)		400		435,875
Reliance Industries Ltd.
3.67%, 11/30/27(a)		250		281,406
4.13%, 01/28/25(a)		250		276,802
4.88%, 02/10/45(a)		250		309,844
ReNew Power Synthetic, 6.67%, 03/12/24 (Call 03/12/21)(a)		200		210,750
Shriram Transport Finance Co. Ltd., 4.40%, 03/13/24(f)		200		198,500
State Bank of India/London
4.38%, 01/24/24(a)		400		434,000
4.88%, 04/17/24(a)		200		220,562
Vedanta Resources Finance II PLC
9.25%, 04/23/26 (Call 04/23/23)(a)		200		164,125
13.88%, 01/21/24 (Call 12/21/22)(f)		400		428,900
Vedanta Resources Ltd.
6.13%, 08/09/24 (Call 08/09/21)(a)		200		151,563
7.13%, 05/31/23(a)		200		168,563
				12,716,908
Indonesia — 2.6%
Adaro Indonesia PT, 4.25%, 10/31/24 (Call 10/31/22)(a)		250		258,047
Bank Mandiri Persero Tbk PT
3.75%, 04/11/24(a)		200		211,813
4.75%, 05/13/25(a)		600		665,062

4

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Corporate Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Indonesia (continued)
Bank Rakyat Indonesia Persero Tbk PT
3.95%, 03/28/24(a)	$	200	$	214,313
4.63%, 07/20/23(a)		200		214,750
Cikarang Listrindo Tbk PT, 4.95%, 09/14/26 (Call 09/14/21)(a)		200		206,938
Indika Energy Capital III Pte Ltd., 5.88%, 11/09/24 (Call 11/09/21)(a)		250		254,609
Indika Energy Capital IV Pte Ltd., 8.25%, 10/22/25 (Call 10/22/22)(a)		500		535,000
LLPL Capital Pte Ltd., 6.88%, 02/04/39(a)		375		453,302
Medco Bell Pte Ltd., 6.38%, 01/30/27 (Call 01/30/24)(a)		200		202,750
Medco Oak Tree Pte Ltd., 7.38%, 05/14/26 (Call 05/14/23)(a)(c)		400		425,750
Medco Platinum Road Pte Ltd., 6.75%, 01/30/25 (Call 01/30/22)(a)		400		415,750
Minejesa Capital BV
4.63%, 08/10/30(a)		800		856,960
5.63%, 08/10/37(a)		400		436,728
Perusahaan Gas Negara Tbk PT, 5.13%, 05/16/24(a)		600		660,000
Saka Energi Indonesia PT, 4.45%, 05/05/24(a)		400		369,375
Star Energy Geothermal Darajat II/Star Energy Geothermal Salak, 4.85%, 10/14/38 (Call 10/14/29)(a)		400		446,000
Star Energy Geothermal Wayang Windu Ltd., 6.75%, 04/24/33 (Call 04/24/26)(a)		363		408,150
				7,235,297
Israel — 3.4%
Bank Leumi Le-Israel BM, 3.28%, 01/29/31 (Call 01/29/26)(e)(f)		400		418,164
ICL Group Ltd., 6.38%, 05/31/38 (Call 11/30/37)(f)		350		461,016
Israel Electric Corp. Ltd.
4.25%, 08/14/28(f)		600		681,756
6.88%, 06/21/23(a)		200		225,938
Series 6, 5.00%, 11/12/24(f)		600		677,664
Leviathan Bond Ltd.
5.75%, 06/30/23 (Call 03/30/23)(f)		200		212,000
6.13%, 06/30/25 (Call 03/30/25)(f)		400		440,468
6.50%, 06/30/27 (Call 12/30/26)(f)		200		224,584
6.75%, 06/30/30 (Call 12/30/29)(f)		200		227,400
Teva Pharmaceutical Finance Co. LLC, 6.15%, 02/01/36		400		438,500
Teva Pharmaceutical Finance Netherlands III BV
2.80%, 07/21/23		1,486		1,468,911
3.15%, 10/01/26(c)		1,651		1,572,577
4.10%, 10/01/46(c)		940		821,800
6.00%, 04/15/24 (Call 01/15/24)		500		525,775
6.75%, 03/01/28 (Call 12/01/27)		700		780,937
7.13%, 01/31/25 (Call 10/31/24)		400		442,000
				9,619,490
Jamaica — 0.5%
Digicel Group 0.5 Ltd. (2.00% PIK), 10.00%, 04/01/24 (Call 02/12/21)(g)		450		424,099
Digicel International Finance Ltd./Digicel Holdings Bermuda Ltd., 8.75%, 05/25/24 (Call 05/25/21)(a)		750		782,203
Digicel Ltd., 6.75%, 03/01/23 (Call 02/12/21)(a)		400		323,875
				1,530,177
Jordan — 0.1%
Hikma Finance USA LLC, 3.25%, 07/09/25(a)		200		208,630

Security	Par (000)		Value
Kazakhstan — 0.4%
Tengizchevroil Finance Co. International Ltd.
3.25%, 08/15/30 (Call 02/15/30)(a)	$	600	$	624,600
4.00%, 08/15/26(a)(c)		500		547,969
				1,172,569
Kuwait — 1.8%
Boubyan Sukuk Ltd., 2.59%, 02/18/25(a)		400		413,875
Burgan Bank SAK
2.75%, 12/15/31 (Call 09/15/26)(a)(e)		400		392,600
5.75%, (Call 07/09/24)(a)(d)(e)		200		206,438
Equate Petrochemical BV, 4.25%, 11/03/26(a)		600		662,437
Equate Sukuk Spc Ltd., 3.94%, 02/21/24(a)		200		212,937
Kuwait Projects Co. SPC Ltd.
4.23%, 10/29/26(a)		400		417,625
4.50%, 02/23/27(a)		200		206,938
5.00%, 03/15/23(a)		200		208,750
MEGlobal Canada ULC
5.00%, 05/18/25(a)		600		668,625
5.88%, 05/18/30(a)		400		496,250
NBK Tier 1 Financing 2 Ltd., 4.50%, (Call 08/27/25)(a)(d)(e)		400		411,800
NBK Tier 1 Financing Ltd., 5.75%, (Call 04/09/21)(a)(d)(e)		400		402,250
Warba Sukuk Ltd., 2.98%, 09/24/24(a)		200		209,562
				4,910,087
Luxembourg — 0.7%
Altice Financing SA
5.00%, 01/15/28 (Call 01/15/23)(a)		600		615,000
7.50%, 05/15/26 (Call 05/15/21)(a)		1,195		1,253,256
				1,868,256
Macau — 3.8%
Melco Resorts Finance Ltd.
4.88%, 06/06/25 (Call 03/01/21)(a)(c)		204		209,141
5.25%, 04/26/26 (Call 04/26/22)(a)		200		207,000
5.38%, 12/04/29 (Call 12/04/24)(a)		600		626,437
5.63%, 07/17/27 (Call 07/17/22)(a)(c)		400		418,000
5.75%, 07/21/28 (Call 07/21/23)(a)		600		632,820
MGM China Holdings Ltd.
5.25%, 06/18/25 (Call 06/18/22)(a)		200		207,125
5.38%, 05/15/24 (Call 05/15/21)(a)		400		410,880
5.88%, 05/15/26 (Call 05/15/22)(a)		400		418,875
Sands China Ltd.
4.60%, 08/08/23 (Call 07/08/23)		1,000		1,067,325
5.13%, 08/08/25 (Call 06/08/25)		1,000		1,119,253
5.40%, 08/08/28 (Call 05/08/28)		800		918,800
Series WI, 3.80%, 01/08/26 (Call 12/08/25)(f)(i)		400		423,208
Series WI, 4.38%, 06/18/30 (Call 03/18/30)(i)(j)(k)		600		660,666
Studio City Finance Ltd.
5.00%, 01/15/29 (Call 01/15/24)(f)		500		503,125
6.00%, 07/15/25 (Call 07/15/22)(a)		200		209,500
6.50%, 01/15/28 (Call 07/15/23)(a)		200		214,250
Wynn Macau Ltd.
4.88%, 10/01/24 (Call 03/01/21)(a)		400		401,500
5.13%, 12/15/29 (Call 12/15/24)(a)		600		609,000
5.50%, 01/15/26 (Call 06/15/22)(a)		400		411,380
5.50%, 10/01/27 (Call 10/01/22)(a)		400		412,000
Wynn Macau Ltd. SR, 5.63%, 08/26/28 (Call 08/26/23)(a)		400		411,875
				10,492,160
Malaysia — 1.4%
Axiata SPV2 Bhd
2.16%, 08/19/30 (Call 05/19/30)(a)		200		200,466
4.36%, 03/24/26(a)		400		456,625

5

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Corporate Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Malaysia (continued)
Axiata Spv5 Labuan Ltd., 3.06%, 08/19/50 (Call 02/19/50)(a)	$	400	$	392,750
CIMB Bank Bhd, 1.00%, 10/09/24, (3 mo. LIBOR US + 0.780%)(a)(e)		400		398,250
Gohl Capital Ltd., 4.25%, 01/24/27(a)		800		856,500
Malayan Banking Bhd, 1.02%, 08/16/24, (3 mo. LIBOR US + 0.800%)(a)(e)		600		597,750
Parkway Pantai Ltd., 4.25%, (Call 07/27/22)(a)(d)(e)		200		200,050
TNB Global Ventures Capital Bhd
3.24%, 10/19/26(a)		400		434,250
4.85%, 11/01/28(a)		400		472,000
				4,008,641
Mexico — 5.6%
Alfa SAB de CV, 5.25%, 03/25/24 (Call 12/25/23)(a)		200		216,875
Alpek SAB de CV, 4.25%, 09/18/29 (Call 06/18/29)(a)		200		214,813
America Movil SAB de CV
2.88%, 05/07/30 (Call 02/07/30)		200		214,450
3.63%, 04/22/29 (Call 01/22/29)		200		223,875
4.38%, 07/16/42		200		241,937
4.38%, 04/22/49 (Call 10/22/48)(c)		400		496,208
6.13%, 03/30/40		400		577,000
6.38%, 03/01/35		200		295,524
Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa, 4.13%, 06/06/24(a)		450		481,922
Banco Mercantil del Norte SA/Grand Cayman
6.75%, (Call 09/27/24)(a)(c)(d)(e)		200		211,875
7.63%, (Call 01/10/28)(a)(c)(d)(e)		200		219,500
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand
5.38%, 04/17/25(a)		350		400,312
5.95%, 10/01/28 (Call 10/01/23)(a)		400		434,580
BBVA Bancomer SA/Texas
4.38%, 04/10/24(a)		150		162,419
5.13%, 01/18/33 (Call 01/17/28)(a)(e)		200		212,020
5.88%, 09/13/34 (Call 09/13/29)(a)(e)		200		224,437
Becle SAB de CV, 3.75%, 05/13/25(a)		150		163,125
Braskem Idesa SAPI, 7.45%, 11/15/29 (Call 11/15/24)(a)		200		193,075
Cemex SAB de CV
3.88%, 07/11/31 (Call 07/11/26)(f)		400		400,000
5.20%, 09/17/30 (Call 09/17/25)(a)		200		217,500
5.45%, 11/19/29 (Call 11/19/24)(a)(c)		200		217,200
5.70%, 01/11/25 (Call 03/01/21)(a)		200		203,500
7.38%, 06/05/27 (Call 06/05/23)(a)		200		225,700
7.75%, 04/16/26 (Call 02/16/21)(a)(c)		200		208,938
Coca-Cola Femsa SAB de CV, 5.25%, 11/26/43		300		407,250
Cometa Energia SA de CV, 6.38%, 04/24/35 (Call 01/24/35)(a)		187		218,874
Credito Real SAB de CV SOFOM ER, 8.00%, 01/21/28 (Call 01/21/25)(f)		200		206,450
El Puerto de Liverpool SAB de CV, 3.88%, 10/06/26(a)		200		217,150
FEL Energy VI Sarl, 5.75%, 12/01/40 (Call 12/01/37)(f)		200		208,000
Fomento Economico Mexicano SAB de CV
3.50%, 01/16/50 (Call 07/16/49)		450		481,977
4.38%, 05/10/43		150		181,031
Fresnillo PLC, 4.25%, 10/02/50 (Call 04/02/50)(a)		200		212,065
Grupo Bimbo SAB de CV
4.00%, 09/06/49 (Call 03/06/49)(a)		200		217,000
4.88%, 06/27/44(a)		200		242,375
Grupo Televisa SAB
5.00%, 05/13/45 (Call 11/13/44)		200		234,494
5.25%, 05/24/49 (Call 11/24/48)(c)		200		245,625

Security	Par (000)		Value
Mexico (continued)
6.13%, 01/31/46 (Call 07/31/45)	$	200	$	269,585
6.63%, 03/18/25		100		120,993
6.63%, 01/15/40		120		164,513
Industrias Penoles SAB de CV
4.15%, 09/12/29 (Call 06/12/29)(a)		200		223,937
4.75%, 08/06/50 (Call 02/06/50)(a)		200		224,750
Infraestructura Energetica Nova SAB de CV
4.75%, 01/15/51 (Call 07/15/50)(a)		200		213,000
4.88%, 01/14/48(a)		200		213,938
Mexico Remittances Funding Fiduciary Estate Management Sarl, 4.88%, 01/15/28(f)		200		203,500
Minera Mexico SA de CV, 4.50%, 01/26/50 (Call 07/26/49)(a)		200		226,250
Nemak SAB de CV, 4.75%, 01/23/25 (Call 03/01/21)(a)		200		206,000
Orbia Advance Corp. SAB de CV
4.00%, 10/04/27 (Call 07/04/27)(a)		200		219,438
5.50%, 01/15/48 (Call 07/15/47)(a)		200		235,437
Sigma Alimentos SA de CV, 4.13%, 05/02/26 (Call 02/02/26)(a)(c)		400		436,375
Southern Copper Corp.
3.88%, 04/23/25		100		110,585
5.25%, 11/08/42		200		263,000
5.88%, 04/23/45		300		430,222
6.75%, 04/16/40(c)		400		590,396
7.50%, 07/27/35		200		299,750
Total Play Telecomunicaciones SA de CV, 7.50%, 11/12/25 (Call 11/12/23)(f)		200		197,005
Trust Fibra Uno
4.87%, 01/15/30 (Call 10/30/29)(a)		400		446,650
5.25%, 01/30/26 (Call 10/30/25)(a)(c)		200		224,450
6.39%, 01/15/50 (Call 07/15/49)(a)		200		234,000
				15,482,850
Morocco — 0.6%
OCP SA
4.50%, 10/22/25(a)		800		864,464
5.63%, 04/25/24(a)		625		687,658
6.88%, 04/25/44(a)		200		260,312
				1,812,434
Nigeria — 0.3%
IHS Netherlands Holdco BV
7.13%, 03/18/25 (Call 09/18/21)(a)		400		417,875
8.00%, 09/18/27 (Call 09/18/22)(a)		300		323,340
				741,215
Oman — 0.5%
Bank Muscat SAOG, 4.88%, 03/14/23(a)		200		206,438
National Bank of Oman SAOG, 5.63%, 09/25/23(a)		400		415,875
Oztel Holdings SPC Ltd.
5.63%, 10/24/23(a)		200		211,812
6.63%, 04/24/28(a)		500		546,719
				1,380,844
Panama — 1.0%
AES Panama Generation Holdings SRL, 4.38%, 05/31/30 (Call 02/28/30)(a)		800		857,000
Banco General SA, 4.13%, 08/07/27 (Call 05/07/27)(a)		400		447,375
C&W Senior Financing DAC
6.88%, 09/15/27 (Call 09/15/22)(a)		600		637,650
7.50%, 10/15/26 (Call 10/15/21)(a)(c)		200		211,500
Cable Onda SA, 4.50%, 01/30/30 (Call 01/30/25)(a)		200		216,000

6

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Corporate Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Panama (continued)
Sable International Finance Ltd., 5.75%, 09/07/27 (Call 09/07/22)(a)	$	400	$	424,000
				2,793,525
Paraguay — 0.2%
Bioceanico Sovereign Certificate Ltd., 0.00%, 06/05/34(a)(c)(h)		295		227,967
Telefonica Celular del Paraguay SA, 5.88%, 04/15/27 (Call 04/15/22)(a)		400		424,500
				652,467
Peru — 2.0%
Banco de Credito del Peru
2.70%, 01/11/25 (Call 12/11/24)(a)		600		625,312
3.13%, 07/01/30 (Call 07/01/25)(a)(e)		600		615,012
4.25%, 04/01/23(a)		100		106,813
Consorcio Transmantaro SA, 4.70%, 04/16/34(a)		200		234,385
Credicorp Ltd., 2.75%, 06/17/25 (Call 05/17/25)(a)		200		207,563
Hunt Oil Co. of Peru LLC Sucursal Del Peru, 6.38%, 06/01/28(a)		400		431,620
Inkia Energy Ltd., 5.88%, 11/09/27 (Call 11/09/22)(a)(c)		400		427,000
Kallpa Generacion SA, 4.13%, 08/16/27 (Call 05/16/27)(a)(c)		400		433,250
Lima Metro Line 2 Finance Ltd.
4.35%, 04/05/36(a)		400		440,000
5.88%, 07/05/34(a)		312		375,771
Nexa Resources SA
5.38%, 05/04/27 (Call 02/04/27)(a)		400		438,000
6.50%, 01/18/28 (Call 10/18/27)(a)		200		232,500
Orazul Energy Egenor SCA, 5.63%, 04/28/27 (Call 04/28/22)(a)		200		209,500
Peru LNG Srl, 5.38%, 03/22/30(a)(c)		400		358,500
Transportadora de Gas del Peru SA, 4.25%, 04/30/28(a)(c)		400		447,300
				5,582,526
Philippines — 1.8%
Bank of the Philippine Islands, 4.25%, 09/04/23(a)		200		216,550
BDO Unibank Inc.
2.13%, 01/13/26(a)		600		617,250
2.95%, 03/06/23(a)		200		207,990
JGSH Philippines Ltd., 4.13%, 07/09/30(a)		400		421,750
Jollibee Worldwide Pte Ltd., 3.90%, (Call 01/23/25)(a)(d)(e)		400		385,500
Manila Water Co. Inc., 4.38%, 07/30/30 (Call 07/30/25)(a)		200		202,875
Metropolitan Bank & Trust Co., 2.13%, 01/15/26(a)		200		205,000
Petron Corp., 4.60%, (Call 07/19/23)(a)(d)(e)		200		191,687
Philippine National Bank, 3.28%, 09/27/24(a)		400		423,000
San Miguel Corp., 4.88%, 04/26/23 (Call 02/16/21)(a)		200		200,578
San Miguel Crop., 5.50%, (Call 07/29/25)(a)(d)(e)		600		612,750
SMC Global Power Holdings Corp.
5.70%, (Call 01/21/26)(a)(d)(e)		200		197,625
5.95%, (Call 05/05/25)(a)(d)(e)		400		398,125
6.50%, (Call 04/25/24)(a)(d)(e)		300		302,250
7.00%, (Call 10/21/25)(a)(d)(e)		400		413,375
				4,996,305
Qatar — 3.4%
ABQ Finance Ltd.
1.88%, 09/08/25(a)		400		399,875
3.13%, 09/24/24(a)		200		209,938
AKCB Finance Ltd., 4.75%, 10/09/23(a)		400		433,875
CBQ Finance Ltd.
2.00%, 09/15/25(a)		400		403,500
5.00%, 05/24/23(a)		200		216,375
MAR Sukuk Ltd.
2.21%, 09/02/25(a)		400		407,875

Security	Par (000)		Value
Qatar (continued)
3.03%, 11/13/24(a)	$	200	$	210,530
Nakilat Inc., 6.07%, 12/31/33(a)		350		444,062
Ooredoo International Finance Ltd.
3.25%, 02/21/23(a)		550		574,578
3.75%, 06/22/26(a)		800		892,750
3.88%, 01/31/28(a)		200		229,438
4.50%, 01/31/43(a)		200		255,125
5.00%, 10/19/25(a)		200		232,937
QIB Sukuk Ltd.
1.56%, 02/07/25, (3 mo. LIBOR US + 1.350%)(a)(e)		400		400,250
1.95%, 10/27/25(a)		400		403,250
3.98%, 03/26/24(a)		400		430,625
QIIB Senior Sukuk Ltd., 4.26%, 03/05/24(a)		200		216,188
QNB Finance Ltd.
1.63%, 09/22/25(a)		400		404,000
2.63%, 05/12/25(a)		600		630,000
2.75%, 02/12/27(a)		500		529,687
3.50%, 03/28/24(a)		400		428,500
Ras Laffan Liquefied Natural Gas Co. Ltd. III
5.84%, 09/30/27(a)		500		578,578
6.33%, 09/30/27(a)		513		600,691
				9,532,627
Russia — 4.6%
Alfa Bank AO Via Alfa Bond Issuance PLC
5.95%, 04/15/30 (Call 04/15/25)(a)(e)		200		211,563
6.95%, (Call 04/30/23)(a)(d)(e)		200		207,375
8.00%, (Call 02/03/22)(a)(d)(e)		200		205,188
ALROSA Finance SA, 4.65%, 04/09/24 (Call 01/09/24)(a)		400		429,750
Credit Bank of Moscow Via CBOM Finance PLC, 4.70%, 01/29/25(a)		400		410,000
Eurochem Finance DAC, 5.50%, 03/13/24(a)		200		220,090
Evraz PLC
5.25%, 04/02/24(a)		400		435,125
5.38%, 03/20/23(a)		200		213,125
Gazprom Neft OAO Via GPN Capital SA, 6.00%, 11/27/23(a)		600		666,375
Gazprom PJSC Via Gaz Capital SA
4.95%, 02/06/28(a)		1,800		2,038,500
7.29%, 08/16/37(a)		600		845,812
8.63%, 04/28/34(a)		350		526,203
Lukoil International Finance BV
4.56%, 04/24/23(a)		200		212,937
4.75%, 11/02/26(a)		600		678,937
Lukoil Securities BV, 3.88%, 05/06/30(a)		400		424,875
Metalloinvest Finance DAC, 4.85%, 05/02/24(a)		400		433,125
MMC Norilsk Nickel OJSC via MMC Finance DAC, 4.10%, 04/11/23 (Call 01/11/23)(a)		300		312,375
MMC Norilsk Nickel OJSC Via MMC Finance DAC
2.55%, 09/11/25 (Call 06/11/25)(a)		200		203,250
3.38%, 10/28/24 (Call 07/28/24)(a)		200		208,938
MMK International Capital DAC, 4.38%, 06/13/24(a)		200		215,125
Mobile Telesystems OJSC Via MTS International Funding DAC, 5.00%, 05/30/23(a)		200		213,812
Novolipetsk Steel Via Steel Funding DAC
4.50%, 06/15/23(a)		200		212,438
4.70%, 05/30/26(a)		400		449,750
Phosagro OAO Via Phosagro Bond Funding DAC, 3.05%, 01/23/25 (Call 10/23/24)(a)		200		207,125
Polyus Finance PLC, 5.25%, 02/07/23(a)		200		212,313
Sberbank of Russia Via SB Capital SA, 5.25%, 05/23/23(a)		200		213,000
Severstal OAO Via Steel Capital SA, 3.15%, 09/16/24(a)		400		415,625

7

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Corporate Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Russia (continued)
TMK OAO Via TMK Capital SA, 4.30%, 02/12/27(a)	$	200	$	199,500
VEON Holdings BV
4.00%, 04/09/25 (Call 01/09/25)(a)		600		633,562
4.95%, 06/16/24 (Call 03/16/24)(a)		200		216,530
7.25%, 04/26/23 (Call 01/26/23)(a)		200		218,925
VTB Bank PJSC Via VTB Eurasia DAC, 9.50%, (Call 12/06/22)(a)(d)(e)		600		655,500
				12,946,748
Saudi Arabia — 4.5%
Acwa Power Management And Investments One Ltd., 5.95%, 12/15/39(a)		200		237,500
Almarai Sukuk Ltd., 4.31%, 03/05/24(a)		200		215,375
Arab National Bank, 3.33%, 10/28/30 (Call 10/28/25)(a)(e)		200		207,188
Arabian Centres Sukuk Ltd., 5.38%, 11/26/24(a)		300		306,469
Dar Al-Arkan Sukuk Co. Ltd., 6.88%, 03/21/23(a)		400		410,625
Riyad Bank, 3.17%, 02/25/30 (Call 02/25/25)(a)(e)		400		411,125
SABIC Capital I BV
2.15%, 09/14/30 (Call 06/14/30)(a)		200		198,250
3.00%, 09/14/50 (Call 03/14/50)(a)		200		197,000
SABIC Capital II BV
4.00%, 10/10/23(a)		200		216,688
4.50%, 10/10/28(a)		400		472,250
Samba Funding Ltd., 2.75%, 10/02/24(a)		600		625,200
Saudi Arabian Oil Co.
1.63%, 11/24/25 (Call 10/24/25)(a)		400		407,500
2.25%, 11/24/30 (Call 08/24/30)(a)		600		600,000
3.25%, 11/24/50 (Call 05/24/50)(f)		400		391,000
3.25%, 11/24/50 (Call 05/24/50)(a)		200		195,500
3.50%, 04/16/29(a)		1,000		1,098,500
3.50%, 11/24/70 (Call 05/24/70)(a)		800		774,000
4.25%, 04/16/39(a)		1,200		1,367,250
4.38%, 04/16/49(a)		1,000		1,172,187
Saudi Electricity Global Sukuk Co. 2
3.47%, 04/08/23(a)		200		210,750
5.06%, 04/08/43(a)		400		497,375
Saudi Electricity Global Sukuk Co. 3
4.00%, 04/08/24(a)		400		434,500
5.50%, 04/08/44(a)		200		261,062
Saudi Electricity Global Sukuk Co. 4
4.22%, 01/27/24(a)		200		217,562
4.72%, 09/27/28(a)		400		477,625
Saudi Electricity Global Sukuk Co. 5
1.74%, 09/17/25(a)		400		404,375
2.41%, 09/17/30(a)		200		203,188
Saudi Telecom Co., 3.89%, 05/13/29(a)		400		455,750
				12,665,794
Singapore — 4.3%
BOC Aviation Ltd.
1.38%, 09/26/23 (Call 08/26/23), (3 mo. LIBOR US + 1.125%)(a)(e)		400		397,625
2.63%, 09/17/30 (Call 06/17/30)(a)		400		396,625
3.00%, 09/11/29 (Call 06/11/29)(a)(c)		300		309,094
3.25%, 04/29/25 (Call 03/29/25)(a)		400		422,875
3.50%, 10/10/24 (Call 09/10/24)(a)		400		428,500
3.50%, 09/18/27 (Call 06/18/27)(a)		400		432,625
3.88%, 04/27/26 (Call 01/27/26)(a)		500		546,094
4.00%, 01/25/24 (Call 12/25/23)(a)		200		214,250
DBS Group Holdings Ltd.
3.30%, (Call 02/27/25)(a)(d)(e)		400		409,500

Security	Par (000)		Value
Singapore (continued)
3.60%, (Call 09/07/21)(a)(d)(e)	$	400	$	404,375
4.52%, 12/11/28 (Call 12/11/23)(a)(e)		400		436,248
Flex Ltd.
3.75%, 02/01/26 (Call 01/01/26)		300		330,396
4.75%, 06/15/25 (Call 03/15/25)		510		579,487
4.88%, 06/15/29 (Call 03/15/29)		250		293,203
4.88%, 05/12/30 (Call 02/12/30)(c)		400		473,400
GLP Pte Ltd., 3.88%, 06/04/25(a)		425		450,234
Olam International Ltd., 5.35%, (Call 07/20/21)(a)(d)(e)		300		300,750
Oversea-Chinese Banking Corp. Ltd.
1.83%, 09/10/30 (Call 09/10/25)(a)(e)		400		404,284
4.25%, 06/19/24(a)		600		658,875
Singapore Telecommunications Ltd., 7.38%, 12/01/31(a)		200		301,027
SingTel Group Treasury Pte Ltd.
1.88%, 06/10/30 (Call 03/10/30)(a)		400		404,125
2.38%, 10/03/26(a)		200		214,375
2.38%, 08/28/29 (Call 05/28/29)(a)		400		419,500
3.25%, 06/30/25(a)		300		329,812
3.88%, 08/28/28 (Call 05/28/28)(a)		200		229,712
ST Engineering RHQ Ltd., 1.50%, 04/29/25 (Call 01/29/25)(a)		400		409,750
United Overseas Bank Ltd.
1.75%, 03/16/31 (Call 03/16/26)(a)(e)		200		201,355
2.88%, 03/08/27 (Call 03/08/22)(a)(e)		200		203,500
3.50%, 09/16/26 (Call 09/16/21)(a)(e)		400		406,250
3.75%, 04/15/29 (Call 04/15/24)(a)(e)		400		430,125
3.88%, (Call 10/19/23)(a)(d)(e)		400		413,375
				11,851,346
South Africa — 1.2%
AngloGold Ashanti Holdings PLC, 3.75%, 10/01/30 (Call 07/01/30)		400		428,000
FirstRand Bank Ltd., 6.25%, 04/23/28 (Call 04/23/23)(a)(e)		200		208,813
Gold Fields Orogen Holdings BVI Ltd.
5.13%, 05/15/24 (Call 04/15/24)(a)		400		437,620
6.13%, 05/15/29 (Call 02/15/29)(a)		200		241,875
MTN Mauritius Investments Ltd.
4.76%, 11/11/24(a)		250		265,312
6.50%, 10/13/26(a)		400		462,700
Sasol Financing USA LLC
5.88%, 03/27/24 (Call 02/27/24)		800		840,250
6.50%, 09/27/28 (Call 06/27/28)		400		439,500
				3,324,070
South Korea — 4.2%
Hanwha Life Insurance Co. Ltd., 4.70%, (Call 04/23/23)(a)(d)(e)		400		416,000
Heungkuk Life Insurance Co. Ltd., 4.48%, (Call 11/09/22)(a)(d)(e)		200		201,438
Hyundai Capital Services Inc., 3.75%, 03/05/23(a)		400		424,375
Kia Motors Corp., 3.00%, 04/25/23(a)		200		210,012
Kookmin Bank
1.75%, 05/04/25(a)		200		207,749
2.50%, 11/04/30(a)		200		204,844
2.88%, 03/25/23(a)		200		209,840
4.35%, (Call 07/02/24)(a)(d)(e)		200		211,188
Korea East-West Power Co. Ltd., 1.75%, 05/06/25(a)		600		623,625
Korea Electric Power Corp.
1.13%, 06/15/25(a)		400		405,956
2.50%, 06/24/24(a)		200		212,875
Korea Gas Corp.
2.88%, 07/16/29(a)		600		660,375

8

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Corporate Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
South Korea (continued)
3.50%, 07/21/25(a)	$	200	$	223,500
3.50%, 07/02/26(a)		200		228,125
3.88%, 02/12/24(a)		200		219,312
6.25%, 01/20/42(a)		200		308,812
Korea Hydro & Nuclear Power Co. Ltd., 3.75%, 07/25/23(a)		400		432,375
Kyobo Life Insurance Co. Ltd., 3.95%, (Call 07/24/22)(a)(d)(e)		200		204,688
LG Chem Ltd.
3.25%, 10/15/24(a)		200		216,979
3.63%, 04/15/29(a)		200		225,062
NongHyup Bank
1.25%, 07/20/25(a)		400		406,617
3.88%, 07/30/23(a)		200		216,750
POSCO, 2.75%, 07/15/24(a)		400		424,500
Shinhan Bank Co. Ltd.
1.92%, 04/24/25, (3 mo. LIBOR US + 1.700%)(a)(e)		200		208,750
3.88%, 11/05/23(a)		200		217,995
3.88%, 03/24/26(a)		200		222,147
3.88%, 12/07/26 (Call 12/07/21)(a)(e)		400		408,375
Shinhan Financial Group Co. Ltd.
1.35%, 01/10/26(a)		400		405,149
3.34%, 02/05/30 (Call 02/05/25)(a)(e)		200		212,688
5.88%, (Call 08/13/23)(a)(d)(e)		200		217,313
SK Hynix Inc.
2.38%, 01/19/31(f)		500		503,585
3.00%, 09/17/24(a)		400		428,375
SK Innovation Co. Ltd., 4.13%, 07/13/23(a)		200		212,602
SK Telecom Co. Ltd., 3.75%, 04/16/23(a)		200		213,474
Woori Bank
4.25%, (Call 10/04/24)(a)(d)(e)		600		627,562
4.50%, (Call 09/27/21)(a)(d)(e)		400		407,250
5.25%, (Call 05/16/22)(a)(d)(e)		200		207,063
				11,587,325
Spain — 0.1%
EnfraGen Energia Sur SA, 5.38%, 12/30/30 (Call 12/30/25)(a)		400		404,000
Taiwan — 1.2%
Competition Team Technologies Ltd., 3.75%, 03/12/24(a)		400		431,125
Formosa Group Cayman Ltd., 3.38%, 04/22/25(a)		400		426,000
Foxconn Far East Ltd.
1.63%, 10/28/25(a)		400		406,258
2.50%, 10/28/30(a)		400		407,911
TSMC Global Ltd.
0.75%, 09/28/25 (Call 08/28/25)(a)		600		596,844
1.00%, 09/28/27 (Call 07/28/27)(a)		400		395,276
1.38%, 09/28/30 (Call 06/28/30)(a)		600		582,270
				3,245,684
Thailand — 2.1%
Bangkok Bank PCL/Hong Kong
3.73%, 09/25/34 (Call 09/25/29)(a)(e)		800		838,500
4.05%, 03/19/24(a)		400		436,000
4.45%, 09/19/28(a)(c)		200		230,437
5.00%, 10/03/23(a)		200		221,812
5.00%, 12/31/49(a)		400		420,000
Kasikornbank PCL/Hong Kong
3.34%, 10/02/31 (Call 10/02/26)(a)(e)		400		418,500
5.28%, (Call 10/14/25)(a)(d)(e)		200		209,978
PTT Treasury Center Co. Ltd., 3.70%, 07/16/70 (Call 01/16/70)(a)(c)		400		422,500

Security	Par (000)		Value
Thailand (continued)
PTTEP Treasury Center Co. Ltd.
2.59%, 06/10/27 (Call 04/10/27)(a)	$	400	$	423,250
3.90%, 12/06/59(a)		200		224,446
Siam Commercial Bank PCL/Cayman Islands
2.75%, 05/16/23(a)		200		208,188
3.90%, 02/11/24(a)		200		215,813
4.40%, 02/11/29(a)		400		463,000
Thaioil Treasury Center Co. Ltd.
3.50%, 10/17/49(a)		200		188,625
3.75%, 06/18/50(a)		400		393,575
5.38%, 11/20/48(a)		400		490,875
				5,805,499
Togo — 0.1%
Ecobank Transnational Inc., 9.50%, 04/18/24(a)		200		218,875
Turkey — 3.6%
Akbank T.A.S.
5.13%, 03/31/25(a)		400		407,250
6.80%, 02/06/26(a)		200		213,050
7.20%, 03/16/27 (Call 03/16/22)(a)(e)		200		200,875
Arcelik AS, 5.00%, 04/03/23(a)		200		206,625
Coca-Cola Icecek AS, 4.22%, 09/19/24 (Call 06/19/24)(a)		400		420,375
KOC Holding AS
5.25%, 03/15/23 (Call 12/15/22)(a)		400		412,250
6.50%, 03/11/25 (Call 12/11/24)(a)		400		434,000
Mersin Uluslararasi Liman Isletmeciligi AS, 5.38%, 11/15/24 (Call 11/15/22)(a)		300		318,375
QNB Finansbank AS, 6.88%, 09/07/24(a)		400		437,750
Turk Telekomunikasyon AS
4.88%, 06/19/24(a)		400		414,000
6.88%, 02/28/25(a)		200		220,000
Turkcell Iletisim Hizmetleri AS
5.75%, 10/15/25(a)		200		213,312
5.80%, 04/11/28 (Call 01/11/28)(a)		400		425,500
Turkiye Garanti Bankasi AS
5.88%, 03/16/23(a)		200		207,313
6.13%, 05/24/27 (Call 05/24/22)(a)(e)		400		397,000
Turkiye Is Bankasi AS
6.13%, 04/25/24(a)		600		612,187
7.00%, 06/29/28 (Call 06/29/23)(a)(e)		400		393,500
7.75%, 01/22/30 (Call 01/22/25)(a)(e)		300		301,219
Turkiye Petrol Rafinerileri AS, 4.50%, 10/18/24 (Call 07/20/24)(a)		400		397,750
Turkiye Sise ve Cam Fabrikalari AS, 6.95%, 03/14/26 (Call 12/14/25)(a)		400		442,875
Turkiye Vakiflar Bankasi TAO
5.25%, 02/05/25(a)		400		395,625
6.50%, 01/08/26(f)		400		414,000
8.13%, 03/28/24(a)		200		213,812
Ulker Biskuvi Sanayi AS
6.95%, 10/30/25(f)		200		217,125
6.95%, 10/30/25(a)		200		217,125
Yapi ve Kredi Bankasi AS
5.85%, 06/21/24(a)		200		205,063
6.10%, 03/16/23(a)		200		204,375
7.88%, 01/22/31 (Call 01/22/26)(e)(f)		200		205,000
8.25%, 10/15/24(a)		400		440,000
8.50%, 03/09/26 (Call 03/12/21)(a)(e)		300		301,106
13.88%, (Call 01/15/24)(a)(d)(e)		200		230,500
				10,118,937

9

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Corporate Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Ukraine — 0.5%
Metinvest BV
7.75%, 10/17/29(a)	$	200	$	214,875
8.50%, 04/23/26 (Call 01/23/26)(a)		400		444,875
MHP Lux SA, 6.95%, 04/03/26(a)		400		435,125
MHP SE, 7.75%, 05/10/24(a)		200		217,937
				1,312,812
United Arab Emirates — 4.6%
Abu Dhabi Commercial Bank PJSC, 4.00%, 03/13/23(a)		400		427,000
Abu Dhabi National Energy Co. PJSC
3.88%, 05/06/24(a)		200		217,875
4.00%, 10/03/49(a)		200		236,312
4.38%, 04/23/25(a)		400		451,875
4.38%, 06/22/26(a)		400		461,000
4.88%, 04/23/30(a)		200		247,290
6.50%, 10/27/36(a)		300		437,906
ADCB Finance Cayman Ltd., 4.00%, 03/29/23(a)		200		212,688
ADIB Capital Invest 2 Ltd., 7.13%, (Call 09/20/23)(a)(d)(e)		200		216,937
AHB Sukuk Co. Ltd., 4.38%, 09/19/23(a)		200		217,000
Aldar Sukuk Ltd., 4.75%, 09/29/25(a)		200		223,875
Aldar Sukuk No. 2 Ltd., 3.88%, 10/22/29(a)		200		216,650
BOS Funding Ltd., 4.00%, 09/18/24(a)		200		209,365
Commercial Bank of Dubai PSC, 6.00%, (Call 04/21/26)(a)(d)(e)		200		208,300
DIB Sukuk Ltd.
2.95%, 02/20/25(a)		400		418,125
2.95%, 01/16/26(a)		400		417,500
3.63%, 02/06/23(a)		200		208,938
DIB Tier 1 Sukuk 3 Ltd., 6.25%, (Call 01/22/25)(a)(d)(e)		200		215,750
DIB Tier 1 Sukuk 4 Ltd., 4.63%, (Call 05/19/26)(a)(d)(e)		400		414,875
EI Sukuk Co. Ltd., 1.83%, 09/23/25(a)		200		200,188
Emaar Sukuk Ltd.
3.64%, 09/15/26(a)		200		204,750
3.88%, 09/17/29(a)		200		202,875
EMG Sukuk Ltd., 4.56%, 06/18/24(a)		200		211,625
Emirates NBD Bank PJSC
6.13%, (Call 03/20/25)(a)(d)(e)		400		426,875
6.13%, (Call 04/26/26)(a)(d)(e)		200		216,875
Emirates Telecommunications Group Co. PJSC, 3.50%, 06/18/24(a)		200		218,312
Esic Sukuk Ltd., 3.94%, 07/30/24(a)		200		207,500
Fab Sukuk Co. Ltd.
2.50%, 01/21/25(a)		200		210,250
3.63%, 03/05/23(a)		200		211,688
3.88%, 01/22/24(a)		200		216,500
First Abu Dhabi Bank PJSC
1.13%, 07/08/24, (3 mo. LIBOR US + 0.900%)(a)(e)		400		400,375
4.50%, (Call 04/05/26)(a)(d)(e)		200		212,000
Galaxy Pipeline Assets Bidco Ltd.
1.75%, 09/30/27(f)		200		202,250
2.63%, 03/31/36(a)		200		201,218
2.63%, 03/31/36(f)		400		402,436
3.25%, 09/30/40(f)		400		409,000
GEMS MENASA Cayman Ltd./GEMS Education Delaware LLC, 7.13%, 07/31/26 (Call 07/31/22)(a)		200		208,875
MAF Global Securities Ltd., 4.75%, 05/07/24(a)		400		435,875
MAF Sukuk Ltd.
3.93%, 02/28/30(a)		200		216,750
4.64%, 05/14/29(a)		200		227,500
Mashreqbank PSC, 4.25%, 02/26/24(a)		200		214,563
National Central Cooling Co. PJSC, 2.50%, 10/21/27(a)		200		202,500

Security	Par/ Shares (000)		Value
United Arab Emirates (continued)
Noor Sukuk Co. Ltd., 4.47%, 04/24/23(a)	$	200	$	212,563
Rakfunding Cayman Ltd., 4.13%, 04/09/24(a)		200		214,250
Ruwais Power Co. PJSC, 6.00%, 08/31/36(a)		200		265,937
Shelf Drilling Holdings Ltd., 8.25%, 02/15/25 (Call 02/15/21)(a)		200		110,500
SIB Sukuk Co. III Ltd., 4.23%, 04/18/23(a)		200		213,000
Tabreed Sukuk Spc Ltd., 5.50%, 10/31/25(a)		200		232,437
				12,768,728
Vietnam — 0.1%
Mong Duong Finance Holdings BV, 5.13%, 05/07/29 (Call 05/07/23)(a)		250		252,656
Zambia — 1.3%
First Quantum Minerals Ltd.
6.50%, 03/01/24 (Call 03/01/21)(a)		400		408,416
6.88%, 03/01/26 (Call 03/01/21)(a)		600		625,500
6.88%, 10/15/27 (Call 10/15/23)(a)		1,000		1,075,625
7.25%, 04/01/23 (Call 03/01/21)(a)		800		816,044
7.50%, 04/01/25 (Call 03/01/21)(a)		600		621,390
				3,546,975
Total Corporate Bonds & Notes — 97.1%
(Cost: $262,244,213)				270,593,244
Foreign Government Obligations
Nigeria — 0.5%
Africa Finance Corp.
3.13%, 06/16/25(a)		400		416,250
3.75%, 10/30/29(a)		400		425,950
3.88%, 04/13/24(a)		400		427,875
4.38%, 04/17/26(a)		200		219,500
				1,489,575
South Korea — 0.1%
Industrial Bank of Korea, 1.04%, 06/22/25(a)(c)		200		201,879
Supranational — 0.4%
African Export-Import Bank (The)
3.99%, 09/21/29 (Call 06/23/29)(a)		400		433,000
5.25%, 10/11/23(a)		600		658,312
				1,091,312
Total Foreign Government Obligations — 1.0%
(Cost: $2,681,784)				2,782,766
Short-Term Investments
Money Market Funds — 6.7%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.14%(l)(m)(n)		15,873		15,882,260

10

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Corporate Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security	Shares (000)		Value
Money Market Funds (continued)
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(l)(m)		2,847	$	2,847,000
				18,729,260
Total Short-Term Investments — 6.7%
(Cost: $18,721,683)				18,729,260
Total Investments in Securities — 104.8%
(Cost: $283,647,680)				292,105,270
Other Assets, Less Liabilities — (4.8)%				(13,449,801	)
Net Assets — 100.0%			$	278,655,469

(a)	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.
(b)	Issuer filed for bankruptcy and/or is in default.
(c)	All or a portion of this security is on loan.
(d)	Perpetual security with no stated maturity date.
(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)	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.
(g)	Payment-in-kind (“PIK”) bond which gives the issuer an option to make coupon payments in cash or in the form of additional bonds. Stated interest rate represents the cash coupon rate.
(h)	Zero-coupon bond.
(i)	When-issued security.
(j)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(k)	Non-income producing security.
(l)	Affiliate of the Fund.
(m)	Annualized 7-day yield as of period-end.
(n)	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 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: Institutional, SL Agency Shares	$	11,553,871	$	4,330,140	(a)	$	—	$	(869	)	$	(882	)	$	15,882,260		15,873	$	14,596	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		2,577,000		270,000	(a)		—		—			—			2,847,000		2,847		168			—
								$	(869	)	$	(882	)	$	18,729,260			$	14,764		$	—

(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.

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	$	—	$	269,932,578	$	660,666	$	270,593,244
Foreign Government Obligations		—		2,782,766		—		2,782,766
Money Market Funds		18,729,260		—		—		18,729,260
	$	18,729,260	$	272,715,344	$	660,666	$	292,105,270

11

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Corporate Bond ETF
January 31, 2021

Portfolio Abbreviations - Fixed Income
LIBOR	London Interbank Offered Rate
PIK	Payment-in-kind
SF	Single-Family

12