NPORT-EX 2 NPORT_3974615600467726.htm HTML

 

 

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

 

Security  

Par

(000)

   Value  
               
Corporate Bonds & Notes              
               
Argentina — 0.9%              
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)     300     279,024  
Arcos Dorados Holdings Inc., 5.88%, 04/04/27 (Call 04/04/22)(a)     200     209,813  
MercadoLibre Inc., 3.13%, 01/14/31 (Call 10/14/30)     200     200,930  
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)     400     328,000  
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)     500     302,969  
7.00%, 12/15/47 (Call 06/15/47)(a)     300     169,313  
8.50%, 07/28/25(a)     650     437,937  
8.50%, 07/28/25 (Call 03/27/29)(a)(b)     250     152,969  
8.75%, 04/04/24(a)     666     492,007  
            3,101,618  
Azerbaijan — 0.5%              
International Bank of Azerbaijan OJSC, 3.50%, 09/01/24(a)     400     384,004  
Southern Gas Corridor CJSC, 6.88%, 03/24/26 (a)     1,000     1,204,555  
            1,588,559  
Bahrain — 0.3%              
BBK BSC, 5.50%, 07/09/24(a)     200     205,750  
Oil and Gas Holding Co. BSCC (The), 7.50%, 10/25/27(a)     600     680,625  
            886,375  
Brazil — 12.2%              
Adecoagro SA, 6.00%, 09/21/27 (Call 09/21/22)     200     210,206  
B2W Digital Lux Sarl, 4.38%, 12/20/30 (Call 09/20/30)(a)(b)     200     207,000  
Banco Bradesco SA/Cayman Islands, 3.20%, 01/27/25(a)     400     415,620  
Banco BTG Pactual SA/Cayman Islands              
4.50%, 01/10/25 (Call 12/10/24)(a)     400     418,720  
7.75%, 02/15/29 (Call 02/15/24)(a)(b)(c)     200     218,063  
Banco do Brasil SA/Cayman              
4.63%, 01/15/25(a)     600     645,750  
4.75%, 03/20/24(a)     200     214,390  
4.88%, 04/19/23(a)     400     425,700  
6.25%, (Call 04/15/24)(a)(c)(d)     800     796,000  
9.00%, (Call 06/18/24)(a)(c)(d)     1,000     1,116,550  
9.25%, 12/31/49 (Call 04/15/23)(a)     600     656,625  
Banco Safra SA/Cayman Islands, 4.13%, 02/08/23(a)     200     208,188  
Banco Votorantim SA, 4.38%, 07/29/25(a)     200     212,100  
Braskem Finance Ltd., 6.45%, 02/03/24(b)     800     874,500  
Braskem Netherlands Finance BV              
4.50%, 01/10/28 (Call 10/10/27)(a)     400     415,125  
4.50%, 01/31/30(a)     600     608,190  
5.88%, 01/31/50(a)     800     809,800  
8.50%, 01/23/81 (Call 10/24/25)(a)(c)     200     221,085  
BRF SA              
4.88%, 01/24/30 (Call 10/24/29)(a)     400     423,272  
5.75%, 09/21/50 (Call 03/21/50)(a)     400     420,250  
               
Cemig Geracao e Transmissao SA, 9.25%, 12/05/24 (Call 12/05/23)(a)     600     692,175  
Centrais Eletricas Brasileiras SA              
3.63%, 02/04/25(a)     400     407,650  
4.63%, 02/04/30(a)     200     206,088  
Cosan Ltd., 5.50%, 09/20/29 (Call 09/20/24)(a)     400     429,400  
Cosan Luxembourg SA, 7.00%, 01/20/27 (Call 01/20/22)(a)     600     637,012  
Security     Par
(000)		     Value  
Brazil (continued)              
CSN Inova Ventures, 6.75%, 01/28/28 (Call 01/28/24)(a)   $ 200   $ 215,005  
CSN Islands XII Corp., 7.00%, (Call 03/23/21)(a)(d)     600     584,265  
CSN Resources SA              
7.63%, 02/13/23 (Call 03/01/21)(a)     400     414,375  
7.63%, 04/17/26 (Call 04/17/22)(a)     600     643,308  
Embraer Netherlands Finance BV              
5.05%, 06/15/25     600     628,500  
5.40%, 02/01/27     200     209,100  
FS Luxembourg Sarl, 10.00%, 12/15/25 (Call 12/15/23)     200     213,040  
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)     300     262,815  
Hidrovias International Finance SARL, 5.95%, 01/24/25              
(Call 01/24/22)(a)     200     210,938  
InterCement Financial Operations BV, 5.75%, 07/17/24              
(Call 03/01/21)(a)     400     343,500  
Itau Unibanco Holding SA/Cayman Island              
3.25%, 01/24/25(a)     200     207,810  
4.50%, 11/21/29 (Call 11/21/24)(a)(c)     600     615,450  
4.63%, (Call 02/27/25)(a)(c)(d)     400     381,500  
5.13%, 05/13/23(a)(b)     920     985,090  
6.13%, (Call 12/12/22)(a)(b)(c)(d)     600     609,270  
6.50%, (Call 03/19/23)(a)(c)(d)     200     205,438  
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)     400     429,000  
JBS USA LUX SA/JBS USA Finance Inc.              
5.75%, 06/15/25 (Call 02/16/21)(a)(b)     350     360,062  
6.75%, 02/15/28 (Call 02/15/23)(a)     500     551,562  
JSM Global Sarl, 4.75%, 10/20/30 (Call 07/20/30)     200     210,438  
Klabin Austria GmbH              
3.20%, 01/12/31 (Call 10/12/30)(e)     200     199,700  
5.75%, 04/03/29 (Call 01/03/29)(a)     400     460,000  
7.00%, 04/03/49 (Call 10/03/48)(a)     400     499,500  
MARB BondCo PLC              
6.88%, 01/19/25 (Call 02/16/21)(a)(b)     600     619,125  
7.00%, 03/15/24 (Call 03/01/21)(a)     400     407,100  
Minerva Luxembourg SA, 6.50%, 09/20/26 (Call 09/20/21)(a)     500     525,285  
Natura Cosmeticos SA, 5.38%, 02/01/23 (Call 03/01/21)(a)     400     410,500  
NBM U.S. Holdings Inc.              
6.63%, 08/06/29 (Call 08/06/24)(a)     200     225,194  
7.00%, 05/14/26 (Call 05/14/22)(a)     400     429,400  
               
Odebrecht Drilling Norbe VIII/IX Ltd., 7.35%, (7.35% PIK), 12/01/26 (Call 03/01/21)(a)(b)(f)     416     125,359  
               
Odebrecht Offshore Drilling Finance Ltd., 7.72%, (7.72% PIK), 12/01/26 (Call 12/01/21)(a)(f)     631     93,347  
Oi SA, 10.00%, (4.00% PIK), 07/27/25(f)     800     831,200  
Petrobras Global Finance BV              
4.38%, 05/20/23     300     321,562  
5.09%, 01/15/30     1,900     2,075,275  
5.30%, 01/27/25     500     568,500  
5.60%, 01/03/31 (Call 10/03/30)     1,000     1,111,000  
5.63%, 05/20/43     300     321,469  
5.75%, 02/01/29     492     569,367  
6.00%, 01/27/28     1,068     1,248,225  
6.25%, 03/17/24     300     342,094  
6.75%, 01/27/41     500     592,187  
6.75%, 06/03/50 (Call 12/03/49)     800     931,200  
6.85%, 06/05/2115     983     1,146,669  
6.88%, 01/20/40     500     599,844  
6.90%, 03/19/49     900     1,078,425  


 

1

 

 

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

 

Security     Par
(000)		     Value  
               
Brazil (continued)              
7.25%, 03/17/44   $ 686   $ 839,252  
7.38%, 01/17/27     851     1,061,069  
8.75%, 05/23/26     479     630,484  
Rede D'or Finance Sarl, 4.95%, 01/17/28 (Call 10/17/27)(a)     800     845,500  
Rumo Luxembourg Sarl              
5.25%, 01/10/28 (Call 01/10/24)(a)     200     213,958  
5.88%, 01/18/25 (Call 01/18/22)(a)     200     211,125  
7.38%, 02/09/24 (Call 03/01/21)(a)     400     414,500  
Simpar Europe SA, 5.20%, 01/26/31 (Call 01/26/26)(e)     400     402,000  
Ultrapar International SA              
5.25%, 10/06/26(a)     400     442,625  
5.25%, 06/06/29(a)     200     217,688  
Usiminas International Sarl, 5.88%, 07/18/26              
(Call 07/18/23)(a)     400     427,300  
            42,240,678  
Chile — 0.4%              
AES Gener SA, 7.13%, 03/26/79 (Call 04/07/24)(a)(c)     400     439,500  
Kenbourne Invest SA, 6.88%, 11/26/24 (Call 11/26/21)(a)     200     214,375  
               
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)     200     217,005  
            1,297,130  
China — 5.4%              
Agile Group Holdings Ltd., 7.88%, (Call 07/31/24)(a)(c)(d)     800     835,000  
               
Bank of Communications Co. Ltd., 3.80%, (Call 11/18/25)(a)(c)(d)     1,300     1,332,500  
Central Plaza Development Ltd., 5.75%,              
(Call 11/14/24)(a)(c)(d)     200     196,438  
CFLD Cayman Investment Ltd., 8.60%, 04/08/24(a)     600     216,750  
China Evergrande Group              
7.50%, 06/28/23 (Call 03/01/21)(a)     700     605,150  
8.75%, 06/28/25 (Call 06/28/21)(a)     2,000     1,632,500  
10.50%, 04/11/24 (Call 04/11/22)(a)     400     362,625  
China SCE Group Holdings Ltd.              
7.00%, 05/02/25 (Call 05/02/23)(a)     200     208,500  
7.38%, 04/09/24 (Call 04/09/22)(a)     200     210,125  
China Shenhua Overseas Capital Co. Ltd., 3.88%,              
01/20/25(a)     400     422,250  
CIFI Holdings Group Co. Ltd.              
5.95%, 10/20/25 (Call 07/20/23)(a)     400     428,750  
6.45%, 11/07/24 (Call 11/07/22)(a)     400     427,400  
Easy Tactic Ltd., 5.88%, 02/13/23 (Call 03/02/21)(a)     400     364,748  
Easy Trade Global Co.Ltd., 4.00%, 11/10/25     200     202,000  
Fortune Star BVI Ltd., 5.95%, 10/19/25 (Call 10/19/23)(a)     200     209,750  
Greenland Global Investment Ltd., 5.88%, 07/03/24(a)     200     176,000  
Kaisa Group Holdings Ltd.              
9.38%, 06/30/24 (Call 06/30/21)(a)     1,600     1,519,200  
10.50%, 01/15/25 (Call 01/15/23)(a)     200     196,063  
10.88%, 07/23/23 (Call 07/23/21)(a)     400     410,875  
11.25%, 04/16/25 (Call 04/16/23)(a)     200     200,062  
11.95%, 11/12/23 (Call 11/12/21)(a)     200     209,500  
KWG Group Holdings Ltd., 5.88%, 11/10/24 (Call 11/10/21)(a)     400     407,760  
Lenovo Group Ltd.              
4.75%, 03/29/23(a)     400     423,375  
5.88%, 04/24/25(a)     400     455,625  
Proven Honour Capital Ltd.              
4.13%, 05/19/25(a)     600     627,000  
4.13%, 05/06/26(a)     1,000     1,048,125  
Scenery Journey Ltd., 13.75%, 11/06/23 (Call 11/06/21)(a)     300     288,750  
Security     Par
(000)		     Value  
               
China (continued)              
Shui On Development Holding Ltd.              
6.15%, 08/24/24 (Call 08/24/22)(a)   $ 400   $ 410,500  
6.40%, (Call 06/20/22)(a)(c)(d)     200     199,813  
               
Sino-Ocean Land Treasure III Ltd., 4.90%, (Call 09/21/22)(a)(c)(d)     400     331,250  
Sunac China Holdings Ltd.              
6.50%, 01/10/25 (Call 01/10/23)(a)     200     200,937  
6.65%, 08/03/24 (Call 08/03/22)(a)     400     407,375  
7.00%, 07/09/25 (Call 07/09/23)(a)     200     203,500  
8.35%, 04/19/23 (Call 04/19/21)(a)     600     627,375  
               
Times China Holdings Ltd., 6.75%, 07/08/25 (Call 07/08/23)(a)     200     211,937  
Wanda Properties International Co. Ltd., 7.25%, 01/29/24(a)     400     408,875  
Well Hope Development Ltd., 3.88%, (Call 10/19/22)(a)(c)(d)     600     605,812  
               
Yancoal International Resources Development Co. Ltd., 3.50%, 11/04/23(a)     200     200,000  
Yuzhou Group Holdings Co. Ltd.              
7.38%, 01/13/26 (Call 01/13/24)(a)     200     210,000  
8.30%, 05/27/25 (Call 11/27/22)(a)     400     425,875  
8.38%, 10/30/24 (Call 10/30/22)(a)     200     215,625  
8.50%, 02/26/24 (Call 02/26/22)(a)     400     429,625  
            18,705,320  
Colombia — 1.1%              
AI Candelaria Spain SLU, 7.50%, 12/15/28 (Call 09/15/28)(a)     550     631,620  
Banco de Bogota SA              
5.38%, 02/19/23(a)     200     212,500  
6.25%, 05/12/26(a)     600     676,500  
Bancolombia SA              
4.63%, 12/18/29 (Call 12/18/24)(c)     200     206,248  
4.88%, 10/18/27 (Call 10/18/22)(c)     400     406,500  
               
Colombia Telecomunicaciones SA ESP, 4.95%, 07/17/30 (Call 04/17/30)(a)(b)     200     215,250  
Grupo Aval Ltd., 4.38%, 02/04/30 (Call 11/04/29)(a)     200     205,850  
Millicom International Cellular SA              
4.50%, 04/27/31 (Call 04/27/26)(a)     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)(b)     400     444,050  
6.63%, 10/15/26 (Call 10/15/21)(a)     200     214,375  
               
Termocandelaria Power Ltd., 7.88%, 01/30/29 (Call 01/30/23)(a)     200     218,000  
            3,852,833  
Congo — 0.1%              
HTA Group Ltd./Mauritius, 7.00%, 12/18/25 (Call 06/18/22)(a)     400     425,875  
Egypt — 0.1%              
Embraer Netherlands Finance BV, 6.95%, 01/17/28(a)     400     448,100  
Ghana — 0.1%              
Kosmos Energy Ltd., 7.13%, 04/04/26 (Call 04/04/22)(a)     200     198,000  
Tullow Oil PLC, 7.00%, 03/01/25 (Call 03/01/21)(a)     400     262,340  
            460,340  
Guatemala — 0.1%              
Central American Bottling Corp., 5.75%, 01/31/27              
(Call 01/31/22)(a)     200     211,375  
Hong Kong — 2.3%              
               
Bank of Communications Hong Kong Ltd., 3.73%, (Call 03/03/25)(a)(c)(d)     250     252,797  
Bank of East Asia Ltd. (The)              
5.63%, (Call 05/18/22)(a)(c)(d)     400     407,375  


 

2

 

 

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

 

Security   Par
(000)		   Value  
               
Hong Kong (continued)              
5.88%, (Call 09/19/24)(a)(c)(d)   $ 250   $ 263,359  
Celestial Dynasty Ltd., 4.25%, 06/27/29(a)     800     821,500  
               
China CITIC Bank International Ltd., 7.10%, (Call 11/06/23)(a)(c)(d)     400     436,750  
FWD Group Ltd.              
5.75%, 07/09/24(a)     200     209,625  
6.38%, (Call 09/13/24)(a)(c)(d)     800     808,000  
Henderson Land MTN Ltd., 2.38%, 05/27/25(a)     200     202,575  
               
Industrial & Commercial Bank of China Asia Ltd., 4.25%, (Call 07/21/21)(a)(c)(d)     800     807,000  
Li & Fung Ltd., 5.25%, (Call 11/03/21)(a)(d)     200     144,750  
               
Nanyang Commercial Bank Ltd., 5.00%, (Call 06/02/22)(a)(c)(d)     600     609,000  
New World China Land Ltd., 4.75%, 01/23/27(a)     400     419,875  
NWD Finance BVI Ltd.              
4.80%, (Call 09/09/23)(a)(d)     200     195,500  
5.25%, (Call 03/22/26)(a)(c)(d)     600     636,000  
6.25%, (Call 03/07/24)(a)(d)     800     825,500  
NWD MTN Ltd., 4.13%, 07/18/29(a)     800     824,250  
            7,863,856  
India — 1.6%              
ABJA Investment Co. Pte Ltd.              
5.45%, 01/24/28(a)     600     626,022  
5.95%, 07/31/24(a)     425     455,414  
Adani Green Energy UP Ltd./Prayatna Developers Pvt              
Ltd./Parampujya Solar Energy, 6.25%, 12/10/24(a)     400     444,050  
Delhi International Airport Ltd.              
6.13%, 10/31/26(a)     200     203,125  
6.45%, 06/04/29(a)     200     203,188  
Future Retail Ltd., 5.60%, 01/22/25 (Call 01/22/23)(a)     200     171,563  
Greenko Dutch BV, 5.25%, 07/24/24 (Call 03/01/21)(a)     400     415,300  
Greenko Solar Mauritius Ltd.              
5.55%, 01/29/25 (Call 01/29/21)(a)     400     410,875  
5.95%, 07/29/26 (Call 07/29/22)(a)     200     215,062  
JSW Steel Ltd., 5.95%, 04/18/24(a)     400     424,450  
Network i2i Ltd., 5.65%, (Call 01/15/25)(a)(c)(d)     200     211,563  
Periama Holdings LLC/DE, 5.95%, 04/19/26(a)     400     424,000  
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(e)     200     198,500  
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)(e)     200     216,562  
Vedanta Resources Ltd.              
6.13%, 08/09/24 (Call 08/09/21)(a)     600     454,687  
7.13%, 05/31/23(a)     300     252,844  
            5,702,080  
Indonesia — 0.7%              
Adaro Indonesia PT, 4.25%, 10/31/24 (Call 10/31/22)(a)     500     516,094  
               
Indika Energy Capital III Pte Ltd., 5.88%, 11/09/24 (Call 11/09/21)(a)     600     611,062  
               
Medco Oak Tree Pte Ltd., 7.38%, 05/14/26 (Call 05/14/23)(a)(b)     800     851,500  
Saka Energi Indonesia PT, 4.45%, 05/05/24(a)     400     369,375  
               
Star Energy Geothermal Wayang Windu Ltd., 6.75%, 04/24/33 (Call 04/24/26)(a)     181     204,075  
            2,552,106  
Israel — 2.0%              
Leviathan Bond Ltd.              
5.75%, 06/30/23 (Call 03/30/23)(e)     200     212,000  
Security   Par
(000)		   Value  
               
Israel (continued)              
6.13%, 06/30/25 (Call 03/30/25)(e)   $ 200   $ 220,234  
6.50%, 06/30/27 (Call 12/30/26)(e)     400     449,168  
6.75%, 06/30/30 (Call 12/30/29)(e)     200     227,400  
Teva Pharmaceutical Finance Co. LLC, 6.15%, 02/01/36     100     109,625  
Teva Pharmaceutical Finance Netherlands III BV              
2.80%, 07/21/23     1,375     1,359,187  
3.15%, 10/01/26     1,600     1,524,000  
4.10%, 10/01/46     1,050     917,968  
6.00%, 04/15/24 (Call 01/15/24)     400     420,620  
6.75%, 03/01/28 (Call 12/01/27)     800     892,500  
7.13%, 01/31/25 (Call 10/31/24)     400     442,000  
            6,774,702  
Jamaica — 0.4%              
               
Digicel Group 0.5 Ltd. (2.00% PIK), 10.00%, 04/01/24 (Call 02/12/21)(f)     502     473,278  
               
Digicel International Finance Ltd./Digicel Holdings Bermuda Ltd., 8.75%, 05/25/24 (Call 05/25/21)(a)     550     573,703  
Digicel Ltd., 6.75%, 03/01/23 (Call 02/12/21)(a)     400     323,875  
            1,370,856  
Kuwait — 0.3%              
Burgan Bank SAK, 5.75%, (Call 07/09/24)(a)(c)(d)     400     412,875  
Kuwait Projects Co. SPC Ltd.              
4.23%, 10/29/26(a)     400     417,625  
4.50%, 02/23/27(a)     200     206,938  
            1,037,438  
Luxembourg — 0.5%              
Altice Financing SA              
5.00%, 01/15/28 (Call 01/15/23)(a)     400     410,000  
7.50%, 05/15/26 (Call 05/15/21)(a)     1,400     1,468,250  
            1,878,250  
Macau — 1.6%              
Melco Resorts Finance Ltd.              
5.25%, 04/26/26 (Call 04/26/22)(a)     800     828,000  
5.38%, 12/04/29 (Call 12/04/24)(a)     600     626,437  
5.75%, 07/21/28 (Call 07/21/23)(a)     400     421,880  
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)     800     821,760  
Studio City Finance Ltd.              
5.00%, 01/15/29 (Call 01/15/24)(e)     200     201,250  
6.00%, 07/15/25 (Call 07/15/22)(a)     400     419,000  
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)     800     812,000  
5.50%, 01/15/26 (Call 06/15/22)(a)     200     205,690  
5.50%, 10/01/27 (Call 10/01/22)(a)     200     206,000  
Wynn Macau Ltd. SR, 5.63%, 08/26/28 (Call 08/26/23)     200     205,938  
            5,570,830  
Mexico — 8.6%              
Axtel SAB de CV, 6.38%, 11/14/24 (Call 03/01/21)(a)     200     208,625  
Banco Mercantil del Norte SA/Grand Cayman              
6.75%, (Call 09/27/24)(a)(c)(d)     500     529,688  
7.50%, (Call 06/27/29)(a)(c)(d)     200     218,000  
7.63%, (Call 01/10/28)(a)(b)(c)(d)     200     219,500  
BBVA Bancomer SA/Texas              
5.13%, 01/18/33 (Call 01/17/28)(a)(c)     600     636,060  
5.88%, 09/13/34 (Call 09/13/29)(a)(c)     350     392,766  
Braskem Idesa SAPI, 7.45%, 11/15/29 (Call 11/15/24)(a)     400     386,150  


 

3

 

 

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

 

Security   Par
(000)		   Value  
               
Mexico (continued)              
Cemex SAB de CV              
3.88%, 07/11/31 (Call 07/11/26)(e)   $ 200   $ 200,590  
5.20%, 09/17/30 (Call 09/17/25)(a)     400     435,000  
5.45%, 11/19/29 (Call 11/19/24)(a)(b)     600     651,600  
5.70%, 01/11/25 (Call 03/01/21)(a)     400     407,000  
7.38%, 06/05/27 (Call 06/05/23)(a)     400     451,400  
7.75%, 04/16/26 (Call 02/16/21)(a)     600     626,812  
Grupo Bimbo SAB de CV, 5.95%, (Call 04/17/23)(a)(c)(d)     200     213,375  
Nemak SAB de CV, 4.75%, 01/23/25 (Call 03/01/21)(a)     200     206,000  
Petroleos Mexicanos              
4.50%, 01/23/26(b)     600     592,313  
4.88%, 01/18/24     600     626,063  
5.35%, 02/12/28     500     477,625  
5.95%, 01/28/31 (Call 10/28/30)     2,500     2,368,750  
6.35%, 02/12/48     750     627,187  
6.38%, 01/23/45(b)     200     172,200  
6.49%, 01/23/27 (Call 11/23/26)     200     206,000  
6.50%, 03/13/27     3,200     3,312,000  
6.50%, 01/23/29     700     695,187  
6.63%, 06/15/35(b)     400     376,600  
6.75%, 09/21/47     3,350     2,921,200  
6.84%, 01/23/30 (Call 10/23/29)     2,800     2,803,500  
6.88%, 10/16/25 (Call 09/16/25)     300     326,325  
6.88%, 08/04/26     1,900     2,035,375  
6.95%, 01/28/60 (Call 07/28/59)     2,300     2,000,770  
7.69%, 01/23/50 (Call 07/23/49)     4,250     4,010,937  
Total Play Telecom SR, 7.50%, 11/12/25 (Call 11/12/23)     200     197,005  
Total Play Telecomunicaciones SA de CV, 7.50%, 11/12/25 (Call 11/12/23)(e)     200     197,005  
            29,728,608  
Morocco — 0.4%              
OCP SA              
5.63%, 04/25/24(a)     800     880,202  
6.88%, 04/25/44(a)     400     520,625  
            1,400,827  
Nigeria — 0.2%              
IHS Netherlands Holdco BV              
7.13%, 03/18/25 (Call 09/18/21)(a)     200     208,938  
8.00%, 09/18/27 (Call 09/18/22)(a)     400     431,120  
            640,058  
Oman — 0.3%              
National Bank of Oman SAOG, 5.63%, 09/25/23(a)     200     207,938  
Oztel Holdings SPC Ltd.              
5.63%, 10/24/23(a)     400     423,625  
6.63%, 04/24/28(a)     300     328,031  
            959,594  
Panama — 0.4%              
C&W Senior Financing DAC              
6.88%, 09/15/27 (Call 09/15/22)(a)     800     850,200  
7.50%, 10/15/26 (Call 10/15/21)(a)(b)     200     211,500  
Cable Onda SA, 4.50%, 01/30/30 (Call 01/30/25)(a)     400     432,000  
            1,493,700  
Paraguay — 0.1%              
Bioceanico Sovereign Certificate Ltd., 0.00%, 06/05/34(a)(g)     197     152,778  
Telefonica Celular del Paraguay SA, 5.88%, 04/15/27 (Call 04/15/22)(a)     200     212,250  
            365,028  
Security   Par
(000)		   Value  
               
Peru — 0.5%              
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)     200     213,500  
Nexa Resources SA, 5.38%, 05/04/27 (Call 02/04/27)(a)     600     657,000  
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)(b)     400     358,500  
            1,870,120  
Philippines — 0.8%              
JGSH Philippines Ltd., 4.13%, 07/09/30(a)     200     210,875  
Jollibee Worldwide Pte Ltd., 3.90%, (Call 01/23/25)(a)(c)(d)     400     385,500  
Manila Water Co. Inc., 4.38%, 07/30/30 (Call 07/30/25)(a)     200     202,875  
Petron Corp., 4.60%, (Call 07/19/23)(a)(c)(d)     200     191,687  
San Miguel Crop., 5.50%, (Call 07/29/25)(a)(c)(d)     400     408,500  
SMC Global Power Holdings Corp.              
6.50%, (Call 04/25/24)(a)(c)(d)     800     806,000  
7.00%, (Call 10/21/25)(a)(c)(d)     400     413,375  
            2,618,812  
Russia — 2.3%              
Alfa Bank AO Via Alfa Bond Issuance PLC              
5.95%, 04/15/30 (Call 04/15/25)(a)(c)     600     634,688  
6.95%, (Call 04/30/23)(a)(c)(d)     400     414,750  
Credit Bank of Moscow Via CBOM Finance PLC              
4.70%, 01/29/25(a)     200     205,000  
8.88%, (Call 11/10/22)(a)(c)(d)     400     383,375  
Eurochem Finance DAC, 5.50%, 03/13/24(a)     400     440,180  
Evraz PLC              
5.25%, 04/02/24(a)     600     652,687  
5.38%, 03/20/23(a)     400     426,250  
Metalloinvest Finance DAC, 4.85%, 05/02/24(a)     400     433,125  
Polyus Finance PLC, 5.25%, 02/07/23(a)     400     424,625  
TMK OAO Via TMK Capital SA, 4.30%, 02/12/27(a)     200     199,500  
Uralkali OJSC Via Uralkali Finance DAC, 4.00%, 10/22/24(a)     400     416,000  
VEON Holdings BV              
3.38%, 11/25/27 (Call 08/25/27)(a)     600     612,000  
4.00%, 04/09/25 (Call 01/09/25)(a)     400     422,375  
4.95%, 06/16/24 (Call 03/16/24)(a)     600     649,590  
5.95%, 02/13/23(a)     400     433,250  
VTB Bank PJSC Via VTB Eurasia DAC, 9.50%, (Call 12/06/22)(a)(c)(d)     1,050     1,147,125  
            7,894,520  
Saudi Arabia — 0.2%              
Dar Al-Arkan Sukuk Co. Ltd., 6.75%, 02/15/25(a)     600     597,188  
               
Singapore — 0.1%              
Olam International Ltd., 5.35%, (Call 07/20/21)(a)(c)(d)     200     200,500  
South Africa — 1.1%              
Eskom Holdings SOC Ltd.              
6.35%, 08/10/28(a)     400     442,000  
6.75%, 08/06/23(a)     417     435,765  
7.13%, 02/11/25(a)     660     701,662  
FirstRand Bank Ltd., 6.25%, 04/23/28 (Call 04/23/23)(a)(c)     200     208,813  
Gold Fields Orogen Holdings BVI Ltd.              
5.13%, 05/15/24 (Call 04/15/24)(a)     200     218,810  
6.13%, 05/15/29 (Call 02/15/29)(a)     200     241,875  
MTN Mauritius Investments Ltd., 4.76%, 11/11/24(a)     600     636,750  


 

4

 

 

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

 

Security   Par
(000)		   Value  
               
South Africa (continued)              
Sasol Financing USA LLC              
5.88%, 03/27/24 (Call 02/27/24)   $ 600   $ 630,187  
6.50%, 09/27/28 (Call 06/27/28)     400     439,500  
            3,955,362  
South Korea — 0.3%              
SK Innovation Co. Ltd., 4.13%, 07/13/23(a)     400     425,204  
Woori Bank              
4.25%, (Call 10/04/24)(a)(c)(d)     400     418,375  
5.25%, (Call 05/16/22)(a)(c)(d)     200     207,063  
            1,050,642  
Spain — 0.1%              
EnfraGen Energia Sur SA, 5.38%, 12/30/30 (Call 12/30/25)     400     404,000  
               
Thailand — 0.5%              
Bangkok Bank PCL/Hong Kong              
3.73%, 09/25/34 (Call 09/25/29)(a)(c)     600     628,875  
5.00%, 12/31/49 (Call 09/23/25)     400     420,000  
Kasikornbank PCL/Hong Kong, 3.34%, 10/02/31 (Call 10/02/26)(a)(c)     600     627,750  
            1,676,625  
Togo — 0.1%              
Ecobank Transnational Inc., 9.50%, 04/18/24(a)     200     218,875  
               
Turkey — 2.4%              
Akbank T.A.S.              
5.13%, 03/31/25(a)     200     203,625  
6.80%, 02/06/26(a)     200     213,050  
7.20%, 03/16/27 (Call 03/16/22)(a)(c)     200     200,875  
Arcelik AS, 5.00%, 04/03/23(a)     200     206,625  
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)     200     217,000  
Mersin Uluslararasi Liman Isletmeciligi AS, 5.38%, 11/15/24 (Call 11/15/22)(a)     200     212,250  
QNB Finansbank AS, 6.88%, 09/07/24(a)     400     437,750  
Turk Telekomunikasyon AS              
4.88%, 06/19/24(a)     200     207,000  
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)     200     212,750  
Turkiye Garanti Bankasi AS              
5.88%, 03/16/23(a)     300     310,969  
6.13%, 05/24/27 (Call 05/24/22)(a)(c)     400     397,000  
Turkiye Is Bankasi AS              
6.13%, 04/25/24(a)     800     816,250  
7.00%, 06/29/28 (Call 06/29/23)(a)(c)     200     196,750  
7.75%, 01/22/30 (Call 01/22/25)(a)(c)     200     200,813  
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)     300     332,156  
Turkiye Vakiflar Bankasi TAO              
6.50%, 01/08/26(e)     400     414,000  
8.13%, 03/28/24(a)     600     641,437  
Ulker Biskuvi Sanayi AS, 6.95%, 10/30/25(a)     200     217,125  
Yapi ve Kredi Bankasi AS              
5.85%, 06/21/24(a)     300     307,594  
6.10%, 03/16/23(a)     200     204,375  
7.88%, 01/22/31 (Call 01/22/26)(c)(e)     200     205,500  
Security   Par
(000)		   Value  
               
Turkey (continued)              
8.25%, 10/15/24(a)   $ 200   $ 220,000  
8.50%, 03/09/26 (Call 03/12/21)(a)(c)     200     200,738  
13.88%, (Call 01/15/24)(a)(c)(d)     400     461,000  
            8,479,944  
Ukraine — 0.3%              
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 SE, 7.75%, 05/10/24(a)     400     435,875  
            1,095,625  
United Arab Emirates — 1.4%              
ADIB Capital Invest 2 Ltd., 7.13%, (Call 09/20/23)(a)(c)(d)     400     433,875  
Commercial Bank of Dubai PSC, 6.00%, (Call 04/21/26)(a)(c)(d)     200     208,300  
DIB Tier 1 Sukuk 3 Ltd., 6.25%, (Call 01/22/25)(a)(c)(d)     400     431,500  
DIB Tier 1 Sukuk 4 Ltd., 4.63%, (Call 05/19/26)(a)(c)(d)     400     414,875  
DP World Salaam, 6.00%, (Call 10/01/25)(a)(c)(d)     800     875,000  
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)     400     423,250  
Emirates NBD Bank PJSC              
6.13%, (Call 03/20/25)(a)(c)(d)     600     640,312  
6.13%, (Call 04/26/26)(a)(c)(d)     400     433,750  
GEMS MENASA Cayman Ltd./GEMS Education              
Delaware LLC, 7.13%, 07/31/26 (Call 07/31/22)(a)     400     417,750  
               
Shelf Drilling Holdings Ltd., 8.25%, 02/15/25 (Call 02/15/21)(a)     500     276,250  
            4,962,487  
Vietnam — 0.1%              
               
Mong Duong Finance Holdings BV, 5.13%, 05/07/29 (Call 05/07/23)(a)     250     252,656  
               
Zambia — 0.9%              
First Quantum Minerals Ltd.              
6.50%, 03/01/24 (Call 03/01/21)(a)     200     204,208  
6.88%, 03/01/26 (Call 03/01/21)(a)     600     625,500  
6.88%, 10/15/27 (Call 10/15/23)(a)     800     860,500  
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  
            3,127,642  
Total Corporate Bonds & Notes — 51.7%              
(Cost: $173,051,571)           178,961,134  
               
Foreign Government Obligations(h)              
Angola — 1.0%              
Angolan Government International Bond              
8.00%, 11/26/29(a)     1,200     1,184,625  
8.25%, 05/09/28(a)     200     199,562  
9.13%, 11/26/49(a)     1,200     1,165,500  
9.38%, 05/08/48(a)     200     196,500  
9.50%, 11/12/25(a)     800     850,250  
            3,596,437  
Argentina — 3.1%              
Argentine Republic Government International Bond              
0.13%, 07/09/30 (Call 03/01/21)(i)     7,133     2,719,388  
0.13%, 07/09/35 (Call 03/01/21)(i)     9,396     3,214,969  
0.13%, 01/09/38 (Call 03/01/21)(i)     5,206     2,033,696  


 

5

 

 

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

 

Security   Par
(000)		   Value  
               
Argentina (continued)              
0.13%, 07/09/41 (Call 03/01/21)(b)(i)   $ 4,800   $ 1,732,500  
0.13%, 07/09/46 (Call 03/01/21)(i)     900     308,812  
1.00%, 07/09/29 (Call 03/01/21)(b)     1,399     577,573  
            10,586,938  
Azerbaijan — 0.5%              
Republic of Azerbaijan International Bond              
3.50%, 09/01/32(a)     300     313,781  
4.75%, 03/18/24(a)     800     872,750  
State Oil Co. of the Azerbaijan Republic, 4.75%, 03/13/23(a)     400     424,250  
            1,610,781  
Bahrain — 2.2%              
Bahrain Government International Bond              
5.25%, 01/25/33(e)     200     199,000  
5.45%, 09/16/32(a)     400     406,500  
5.63%, 09/30/31(a)     400     410,750  
6.00%, 09/19/44(a)     800     787,750  
6.13%, 08/01/23(a)     1,000     1,073,437  
6.75%, 09/20/29(a)     800     900,500  
7.00%, 01/26/26(a)     600     693,187  
7.00%, 10/12/28(a)     900     1,039,781  
7.38%, 05/14/30(a)     200     231,438  
CBB International Sukuk Co. 5 SPC, 5.62%, 02/12/24(a)     600     645,375  
CBB International Sukuk Co. 7 SPC, 6.88%, 10/05/25(a)     400     463,875  
CBB International Sukuk Programme Co. SPC              
3.95%, 09/16/27(a)     500     507,500  
4.50%, 03/30/27(a)     200     209,188  
            7,568,281  
Bolivia — 0.1%              
Bolivian Government International Bond, 4.50%, 03/20/28(a)(b)     400     362,750  
Brazil — 5.0%              
Banco Nacional de Desenvolvimento Economico e Social, 5.75%, 09/26/23(a)     600     671,625  
Brazil Minas SPE via State of Minas Gerais, 5.33%, 02/15/28(a)     480     523,200  
Brazilian Government International Bond              
2.88%, 06/06/25     800     826,400  
3.88%, 06/12/30     1,500     1,541,719  
4.25%, 01/07/25     1,948     2,128,799  
4.50%, 05/30/29 (Call 02/28/29)     800     873,750  
4.63%, 01/13/28 (Call 10/13/27)     1,400     1,541,312  
4.75%, 01/14/50 (Call 07/14/49)     1,450     1,446,828  
5.00%, 01/27/45(b)     1,526     1,577,025  
5.63%, 01/07/41     1,017     1,128,870  
5.63%, 02/21/47     1,300     1,449,500  
6.00%, 04/07/26     1,014     1,197,471  
7.13%, 01/20/37     760     974,225  
8.25%, 01/20/34     650     896,594  
8.88%, 04/15/24     520     644,800  
            17,42,118  
Costa Rica — 0.5%              
Costa Rica Government International Bond              
6.13%, 02/19/31(a)(b)     600     600,187  
7.00%, 04/04/44(a)     462     452,327  
7.16%, 03/12/45(a)(b)     600     591,750  
            1,644,264  
Security   Par
(000)		   Value  
               
Dominican Republic — 3.1%              
Dominican Republic International Bond              
4.50%, 01/30/30(a)   $ 600   $ 625,125  
4.88%, 09/23/32(a)     1,500     1,593,750  
5.30%, 01/21/41(e)     550     566,156  
5.50%, 01/27/25(a)     525     584,719  
5.88%, 01/30/60(a)     1,550     1,615,391  
5.95%, 01/25/27(a)     700     810,250  
6.00%, 07/19/28(a)     750     870,938  
6.40%, 06/05/49(a)     750     835,781  
6.50%, 02/15/48(a)     450     508,359  
6.85%, 01/27/45(a)     890     1,044,359  
6.88%, 01/29/26(a)     800     945,000  
7.45%, 04/30/44(a)     700     876,750  
            10,876,578  
Ecuador — 1.0%              
Ecuador Government International Bond              
0.00%, 07/31/30(a)(g)     491     211,906  
0.50%, 07/31/30(a)(i)     1,802     965,813  
0.50%, 07/31/35(a)(i)     3,750     1,722,656  
0.50%, 07/31/40(a)(i)     1,550     678,610  
            3,578,985  
Egypt — 2.8%              
Egypt Government International Bond              
5.58%, 02/21/23(a)     600     633,938  
5.75%, 05/29/24(a)     600     645,187  
5.88%, 06/11/25(a)     800     869,500  
6.59%, 02/21/28(a)     414     448,026  
7.05%, 01/15/32(a)     400     426,500  
7.50%, 01/31/27(a)     1,000     1,152,812  
7.60%, 03/01/29(a)     800     899,000  
7.63%, 05/29/32(a)     800     885,250  
7.90%, 02/21/48(a)     800     832,500  
8.50%, 01/31/47(a)     1,100     1,205,188  
8.70%, 03/01/49(a)     800     887,250  
8.88%, 05/29/50(a)     800     904,250  
            9,789,401  
El Salvador — 0.4%              
El Salvador Government International Bond              
7.12%, 01/20/50 (Call 07/20/49)(a)     550     508,750  
7.65%, 06/15/35(a)     400     390,000  
9.50%, 07/15/52 (Call 01/15/52)(a)     400     419,200  
            1,317,950  
Ethiopia — 0.1%              
Ethiopia International Bond, 6.63%, 12/11/24(a)     400     374,750  
Gabon — 0.2%              
               
CBB International Sukuk Programme Co. SPC, 6.25%, 11/14/24(a)     200     221,125  
Gabon Government International Bond, 6.63%, 02/06/31(a)     400     394,125  
            615,250  
Ghana — 1.2%              
Ghana Government International Bond              
6.38%, 02/11/27(a)     400     413,000  
7.63%, 05/16/29(a)     600     631,687  
7.88%, 02/11/35(a)     200     201,563  
8.13%, 01/18/26(a)     470     529,484  
8.13%, 03/26/32(a)     900     940,500  
8.63%, 06/16/49(a)     400     400,000  
8.95%, 03/26/51(a)     500     510,313  


 

6

 

 

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

 

Security   Par
(000)		   Value  
               
Ghana (continued)              
10.75%, 10/14/30(a)   $ 400   $ 529,375  
            4,155,922  
Guatemala — 0.3%              
Guatemala Government Bond, 6.13%,              
06/01/50(Call 12/01/49)(a)(b)     700     863,188  
               
Iraq — 0.4%              
Iraq International Bond, 5.80%, 01/15/28 (Call 03/15/21)(a)     1,531     1,443,203  
               
Ivory Coast — 0.2%              
Ivory Coast Government International Bond              
5.75%, 12/31/32 (Call 06/30/21)(a)(i)     8     7,589  
6.13%, 06/15/33(a)     600     659,813  
            667,402  
Jamaica — 0.8%              
Jamaica Government International Bond              
6.75%, 04/28/28     600     717,000  
7.88%, 07/28/45     900     1,264,781  
8.00%, 03/15/39     600     853,688  
            2,835,469  
Jordan — 0.6%              
Jordan Government International Bond              
5.75%, 01/31/27(a)     400     442,375  
5.85%, 07/07/30(a)     700     768,250  
6.13%, 01/29/26(a)     400     446,875  
7.38%, 10/10/47(a)     400     454,375  
            2,111,875  
Kenya — 0.8%              
Kenya Government International Bond              
6.88%, 06/24/24(a)     1,200     1,321,875  
8.00%, 05/22/32(a)     600     689,062  
8.25%, 02/28/48(a)     600     677,250  
            2,688,187  
Lebanon — 0.1%              
Lebanon Government International Bond              
6.00%, 01/27/23(a)(j)     500     57,500  
6.10%, 10/04/22(a)(j)     700     80,500  
6.60%, 11/27/26(a)(j)     700     80,500  
6.65%, 02/26/30(a)(j)     640     73,600  
6.75%, 11/29/27(a)(j)     500     57,500  
6.85%, 03/23/27(a)(j)     650     75,563  
7.00%, 03/23/32(a)(j)     500     56,250  
            481,413  
Malaysia — 0.6%              
1MDB Global Investments Ltd., 4.40%, 03/09/23(a)     2,000     2,004,860  
               
Morocco — 0.2%              
Morocco Government International Bond              
3.00%, 12/15/32(a)     200     201,250  
4.00%, 12/15/50(a)     600     611,063  
            812,313  
Nigeria — 1.3%              
Nigeria Government International Bond              
6.50%, 11/28/27(a)     800     861,000  
7.14%, 02/23/30(a)     514     549,498  
7.63%, 11/21/25(a)     500     572,344  
7.63%, 11/28/47(a)     600     623,438  
7.70%, 02/23/38(a)     600     629,250  
7.88%, 02/16/32(a)     600     655,125  
Security   Par
(000)		   Value  
               
Nigeria (continued)              
8.75%, 01/21/31(a)   $ 600   $ 695,062  
            4,585,717  
Oman — 3.3%              
Oman Government International Bond              
4.75%, 06/15/26(a)     2,100     2,144,625  
4.88%, 02/01/25(a)     200     209,063  
5.38%, 03/08/27(a)     200     205,875  
5.63%, 01/17/28(a)     2,000     2,072,500  
6.00%, 08/01/29(a)     600     628,687  
6.25%, 01/25/31(e)     800     849,000  
6.50%, 03/08/47(a)     800     774,750  
6.75%, 10/28/27(a)     400     442,500  
6.75%, 01/17/48(a)     1,400     1,382,062  
7.00%, 01/25/51(e)     400     405,000  
7.38%, 10/28/32(a)     600     683,250  
Oman Sovereign Sukuk Co.              
4.40%, 06/01/24(a)     200     207,208  
5.93%, 10/31/25(a)     1,400     1,546,125  
            11,550,645  
Pakistan — 0.3%              
Pakistan Government International Bond              
6.88%, 12/05/27(a)     600     638,250  
8.25%, 04/15/24(a)     477     524,849  
            1,163,099  
Paraguay — 0.4%              
Paraguay Government International Bond              
4.95%, 04/28/31 (Call 01/28/31)(a)     400     476,875  
5.40%, 03/30/50 (Call 09/30/49)(a)     200     248,875  
6.10%, 08/11/44(a)(b)     600     788,812  
            1,514,562  
Senegal — 0.3%              
Senegal Government International Bond              
6.25%, 05/23/33(a)     500     547,188  
6.75%, 03/13/48(a)     400     426,000  
            973,188  
Serbia — 0.2%              
Serbia International Bond, 2.13%, 12/01/30(e)     500     483,594  
               
South Africa — 2.4%              
Republic of South Africa Government International Bond              
4.30%, 10/12/28     1,000     1,016,875  
4.67%, 01/17/24(b)     600     643,313  
4.85%, 09/27/27     600     639,563  
4.85%, 09/30/29     900     930,937  
4.88%, 04/14/26     500     538,125  
5.00%, 10/12/46     400     362,500  
5.38%, 07/24/44     500     471,563  
5.65%, 09/27/47     600     573,000  
5.75%, 09/30/49     1,300     1,247,187  
5.88%, 09/16/25     786     887,197  
5.88%, 06/22/30     1,000     1,099,375  
            8,409,635  
Sri Lanka — 0.9%              
Sri Lanka Government International Bond              
5.75%, 04/18/23(a)     800     524,250  
6.20%, 05/11/27(a)     600     359,625  
6.75%, 04/18/28(a)     500     300,313  
6.83%, 07/18/26(a)     400     244,125  
6.85%, 03/14/24(a)     500     319,844  


 

7

 

 

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

 

Security  
Par
(000)		   Value  
               
Sri Lanka (continued)              
6.85%, 11/03/25(a)   $ 700   $ 435,312  
7.55%, 03/28/30(a)     600     361,687  
7.85%, 03/14/29(a)     700     422,625  
            2,967,781  
Trinidad And Tobago — 0.1%              
Trinidad & Tobago Government International Bond, 4.50%, 08/04/26(a)     400     434,500  
               
Tunisia — 0.1%              
Banque Centrale de Tunisie International Bond, 5.75%, 01/30/25(a)     400     364,125  
               
Turkey — 8.9%              
Hazine Mustesarligi Varlik Kiralama AS              
4.49%, 11/25/24(a)     200     203,438  
5.00%, 04/06/23(a)     1,000     1,025,625  
Turkey Government International Bond              
3.25%, 03/23/23     700     698,688  
4.25%, 03/13/25     1,000     1,001,875  
4.25%, 04/14/26     1,000     990,937  
4.75%, 01/26/26     400     405,500  
4.88%, 10/09/26     1,310     1,324,737  
4.88%, 04/16/43     1,379     1,165,255  
5.13%, 02/17/28     1,000     1,010,000  
5.25%, 03/13/30     1,000     990,938  
5.60%, 11/14/24     1,100     1,155,688  
5.75%, 03/22/24     1,250     1,315,234  
5.75%, 05/11/47     1,626     1,489,314  
5.88%, 06/26/31     400     407,000  
5.95%, 01/15/31     1,200     1,230,000  
6.00%, 03/25/27     1,521     1,613,211  
6.00%, 01/14/41     1,303     1,245,179  
6.13%, 10/24/28     800     851,000  
6.35%, 08/10/24     950     1,017,094  
6.38%, 10/14/25     1,200     1,296,375  
6.63%, 02/17/45     1,479     1,498,412  
6.75%, 05/30/40     875     904,531  
6.88%, 03/17/36     1,291     1,377,739  
7.25%, 12/23/23     800     875,250  
7.25%, 03/05/38     450     495,984  
7.38%, 02/05/25     1,470     1,638,591  
7.63%, 04/26/29     1,400     1,612,187  
8.00%, 02/14/34     713     838,443  
11.88%, 01/15/30(b)     800     1,161,000  
            30,839,225  
Ukraine — 2.0%              
Ukraine Government International Bond              
7.25%, 03/15/33(a)     1,300     1,382,469  
7.38%, 09/25/32(a)     1,300     1,393,031  
7.75%, 09/01/23(a)     675     735,328  
7.75%, 09/01/24(a)     518     570,448  
7.75%, 09/01/25(a)     636     708,941  
7.75%, 09/01/26(a)     600     673,125  
7.75%, 09/01/27(a)     500     558,906  
9.75%, 11/01/28(a)     800     969,250  
            6,991,498  
Security   Par/
Shares
(000)		   Value  
               
United Arab Emirates — 0.3%              
Emirate of Dubai Government International Bonds              
3.90%, 09/09/50(a)   $ 600   $ 578,437  
5.25%, 01/30/43(a)     400     463,375  
            1,041,812  
Venezuela — 0.3%              
Venezuela Government International Bond              
7.65%, 04/21/25(a)(j)     658     60,865  
9.00%, 05/07/23(a)(j)     1,037     95,923  
9.25%, 09/15/27(j)     1,962     181,485  
9.38%, 01/13/34(j)     730     67,525  
11.75%, 10/21/26(a)(j)     1,435     132,737  
11.95%, 08/05/31(a)(j)     2,030     187,775  
12.75%, 08/23/22(a)(j)     1,430     132,275  
            858,585  
Vietnam — 0.1%              
Vietnam Government International Bond, 4.80%, 11/19/24(a)     400     450,500  
               
Zambia — 0.2%              
Zambia Government International Bond              
8.50%, 04/14/24(a)(j)     400     213,000  
8.97%, 07/30/27(a)(j)     600     312,188  
            525,188  
Total Foreign Government Obligations — 46.3%              
(Cost: $171,398,123)           160,561,969  
               
Short-Term Investments              
               
Money Market Funds — 4.0%              
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.14%(k)(l)(m)     10,759     10,765,881  
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(k)(l)     3,239     3,239,000  
            14,004,881  
Total Short-Term Investments — 4.0%              
(Cost: $14,004,881)           14,004,881  
               
Total Investments in Securities — 102.0%              
(Cost: $358,454,575)           353,527,984  
               
Other Assets, Less Liabilities — (2.0)%.           (6,949,621 )
               
Net Assets — 100.0%.         $ 346,578,363  

 

(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) 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.

(d) Perpetual security with no stated maturity date.

(e) 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.

(f) 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.

(g) Zero-coupon bond.

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

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

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


 

8

 

 

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

 

(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 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   $ 17,259,777   $ —   $ (6,491,859 )(a)   $ (3,852 ) $ 1,815   $ 10,765,881     10,759   $ 21,967 (b)   $ —  
                                                             
BlackRock Cash Funds: Treasury, SL Agency Shares     4,109,000     —     (870,000 )(a)     —     —     3,239,000     3,239     316       —  
                        $ (3,852 ) $ 1,815   $ 14,004,881         $ 22,283     $ —  

 

(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.   $ —   $ 178,961,134   $ —   $ 178,961,134  
Foreign Government Obligations     —     160,561,969     —     160,561,969  
Money Market Funds     14,004,881     —     —     14,004,881  
    $ 14,004,881   $ 339,523,103   $ —   $ 353,527,984  

 

Portfolio Abbreviations - Fixed Income

 

PIK Payment-in-kind

 

9