Schedule of Investments (unaudited)	iShares®  J.P. Morgan EM Local Currency Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
Foreign Government Obligations
Brazil — 4.6%
Brazil Letras do Tesouro Nacional
0.00%, 07/01/23(a)	BRL		29,000	$	4,642,965
0.00%, 01/01/24(a)	BRL		41,697		6,345,187
0.00%, 07/01/24(a)	BRL		13,000		1,883,129
Brazil Notas do Tesouro Nacional
Series F, 10.00%, 01/01/23	BRL		16,557		3,061,035
Series F, 10.00%, 01/01/25	BRL		14,399		2,632,490
Series F, 10.00%, 01/01/29	BRL		8,263		1,458,122
Series F, 10.00%, 01/01/31	BRL		5,000		874,693
Brazil Notas do Tesouro Nacional Serie F, Series F 10.00%, 01/01/27	BRL		17,193		3,100,279
Brazilian Government International Bond
8.50%, 01/05/24	BRL		500		91,512
10.25%, 01/10/28	BRL		1,420		257,387
					24,346,799
Chile — 4.5%
Bonos de la Tesoreria de la Republica en pesos
2.30%, 10/01/28(b)(c)	CLP		520,000		528,902
2.50%, 03/01/25	CLP		4,655,000		5,286,106
4.00%, 03/01/23(b)(c)	CLP		1,400,000		1,708,398
4.50%, 03/01/26	CLP		3,115,000		3,730,596
4.70%, 09/01/30(b)(c)	CLP		3,165,000		3,704,046
5.00%, 10/01/28(b)(c)	CLP		1,290,000		1,548,000
5.00%, 03/01/35	CLP		3,415,000		3,976,699
6.00%, 01/01/43	CLP		2,775,000		3,553,227
					24,035,974
China — 12.0%
China Government Bond
1.99%, 04/09/25	CNY		18,050		2,799,253
2.36%, 07/02/23	CNY		16,270		2,562,564
2.47%, 09/02/24	CNY		5,020		792,803
2.68%, 05/21/30	CNY		29,450		4,576,459
2.69%, 08/12/26	CNY		7,600		1,207,684
2.84%, 04/08/24	CNY		9,550		1,519,874
2.85%, 06/04/27	CNY		18,230		2,910,429
2.88%, 11/05/23	CNY		17,590		2,794,440
2.89%, 11/18/31	CNY		4,010		639,131
2.94%, 10/17/24	CNY		16,630		2,654,299
3.01%, 05/13/28	CNY		10,040		1,610,464
3.02%, 10/22/25	CNY		23,150		3,714,640
3.02%, 05/27/31	CNY		15,180		2,433,397
3.03%, 03/11/26	CNY		8,790		1,412,434
3.12%, 12/05/26	CNY		20,380		3,293,736
3.13%, 11/21/29	CNY		22,580		3,633,327
3.19%, 04/11/24	CNY		15,490		2,481,525
3.22%, 12/06/25	CNY		11,340		1,831,997
3.25%, 06/06/26	CNY		15,360		2,493,256
3.25%, 11/22/28	CNY		18,540		3,017,766
3.27%, 11/19/30	CNY		22,610		3,693,831
3.28%, 12/03/27	CNY		16,620		2,712,852
3.29%, 10/18/23	CNY		12,620		2,019,711
3.29%, 05/23/29	CNY		15,310		2,499,584
3.72%, 04/12/51	CNY		7,470		1,252,209
3.81%, 09/14/50	CNY		20,930		3,545,730
					64,103,395
Colombia — 4.3%
Colombia Government International Bond, 9.85%, 06/28/27	COP		745,000		202,294

Security		Par (000)		Value
Colombia (continued)
Colombian TES
Series B, 5.75%, 11/03/27	COP		8,235,000	$	1,824,544
Series B, 6.00%, 04/28/28	COP		11,810,200		2,612,237
Series B, 6.25%, 11/26/25	COP		8,324,800		1,983,194
Series B, 6.25%, 07/09/36	COP		5,060,000		976,846
Series B, 7.00%, 06/30/32	COP		11,377,100		2,481,542
Series B, 7.25%, 10/18/34	COP		11,820,600		2,557,078
Series B, 7.25%, 10/26/50	COP		6,251,100		1,232,581
Series B, 7.50%, 08/26/26	COP		12,011,800		2,941,986
Series B, 7.75%, 09/18/30	COP		8,357,600		1,974,030
Series B, 10.00%, 07/24/24	COP		9,467,500		2,532,454
Titulos De Tesoreria Bonds, Series B 7.00%, 03/26/31	COP		6,442,800		1,434,564
					22,753,350
Czech Republic — 4.4%
Czech Republic Government Bond
0.05%, 11/29/29	CZK		19,010		678,229
0.25%, 02/10/27	CZK		43,280		1,704,056
0.45%, 10/25/23(c)	CZK		37,560		1,627,214
0.95%, 05/15/30(c)	CZK		44,610		1,703,862
1.00%, 06/26/26(c)	CZK		47,400		1,961,206
1.20%, 03/13/31	CZK		41,010		1,575,904
1.25%, 02/14/25	CZK		23,670		1,015,938
1.50%, 04/24/40	CZK		13,730		470,467
1.75%, 06/23/32	CZK		21,830		874,718
2.00%, 10/13/33	CZK		49,240		1,988,892
2.40%, 09/17/25(c)	CZK		51,780		2,292,060
2.50%, 08/25/28(c)	CZK		46,550		2,031,496
2.75%, 07/23/29	CZK		41,940		1,854,592
4.20%, 12/04/36(c)	CZK		20,390		1,036,793
4.70%, 09/12/22(c)	CZK		26,620		1,231,548
5.70%, 05/25/24(c)	CZK		27,220		1,304,259
					23,351,234
Dominican Republic — 4.2%
Dominican Republic International Bond
8.90%, 02/15/23(c)	DOP		474,350		8,403,418
9.75%, 06/05/26(c)	DOP		763,650		13,770,195
					22,173,613
Egypt — 2.1%
Egypt Government Bond
14.06%, 01/12/26	EGP		27,159		1,681,485
14.37%, 10/20/25	EGP		43,591		2,762,855
14.48%, 04/06/26	EGP		25,170		1,604,167
14.53%, 09/14/24	EGP		19,241		1,218,909
14.56%, 07/06/26	EGP		8,522		542,512
14.56%, 10/13/27	EGP		23,405		1,451,787
14.66%, 10/06/30	EGP		18,421		1,150,318
16.10%, 05/07/29	EGP		14,812		993,752
					11,405,785
Hungary — 4.4%
Hungary Government Bond
1.00%, 11/26/25	HUF		651,500		1,804,566
1.50%, 08/23/23	HUF		293,560		895,996
1.50%, 04/22/26	HUF		631,240		1,752,219
1.50%, 08/26/26	HUF		392,850		1,079,115
1.75%, 10/26/22	HUF		260,890		811,097
2.00%, 05/23/29	HUF		398,420		1,038,964
2.25%, 04/20/33	HUF		552,020		1,343,279
2.50%, 10/24/24	HUF		455,360		1,373,489

1 

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
Hungary (continued)
2.75%, 12/22/26	HUF		460,210	$	1,329,506
3.00%, 06/26/24	HUF		388,310		1,191,804
3.00%, 10/27/27	HUF		552,850		1,591,719
3.00%, 08/21/30	HUF		518,860		1,419,872
3.00%, 10/27/38	HUF		351,800		853,520
3.00%, 04/25/41	HUF		294,770		686,958
3.25%, 10/22/31	HUF		716,380		1,965,190
5.50%, 06/24/25	HUF		491,850		1,598,143
6.00%, 11/24/23	HUF		473,890		1,545,327
6.75%, 10/22/28	HUF		293,660		1,024,604
					23,305,368
Indonesia — 4.3%
Indonesia Treasury Bond
5.13%, 04/15/27	IDR		5,114,000		352,561
5.50%, 04/15/26	IDR		16,486,000		1,154,318
5.63%, 05/15/23	IDR		6,893,000		491,408
6.13%, 05/15/28	IDR		9,215,000		641,052
6.25%, 06/15/36	IDR		5,099,000		347,450
6.38%, 04/15/32	IDR		3,578,000		246,544
6.50%, 06/15/25	IDR		13,233,000		962,894
6.50%, 02/15/31	IDR		21,130,000		1,464,790
6.63%, 05/15/33	IDR		6,152,000		423,479
7.00%, 05/15/27	IDR		15,733,000		1,158,479
7.00%, 09/15/30	IDR		19,372,000		1,381,309
7.13%, 06/15/42	IDR		5,332,000		377,229
7.50%, 08/15/32	IDR		8,278,000		603,784
7.50%, 06/15/35	IDR		8,675,000		632,316
7.50%, 05/15/38	IDR		12,212,000		883,082
7.50%, 04/15/40	IDR		10,561,000		767,365
8.13%, 05/15/24	IDR		10,195,000		764,873
8.25%, 05/15/29	IDR		8,969,000		688,484
8.25%, 06/15/32	IDR		5,783,000		444,320
8.25%, 05/15/36	IDR		10,734,000		823,970
8.38%, 03/15/24	IDR		18,660,000		1,399,954
8.38%, 09/15/26	IDR		10,796,000		839,239
8.38%, 03/15/34	IDR		12,247,000		949,479
8.38%, 04/15/39	IDR		10,957,000		855,182
8.75%, 05/15/31	IDR		5,305,000		420,136
9.00%, 03/15/29	IDR		11,916,000		949,916
9.50%, 07/15/31	IDR		5,720,000		472,292
10.50%, 08/15/30	IDR		3,789,000		328,659
11.00%, 09/15/25	IDR		2,856,000		236,511
Perusahaan Penerbit SBSN Indonesia
6.63%, 10/15/24	IDR		11,181,000		817,284
8.25%, 09/15/23	IDR		8,832,000		651,702
8.88%, 11/15/31	IDR		8,608,000		699,024
					23,229,085
Malaysia — 4.4%
Malaysia Government Bond
2.63%, 04/15/31	MYR		3,090		676,186
3.48%, 03/15/23	MYR		3,901		945,588
3.48%, 06/14/24	MYR		4,078		988,395
3.50%, 05/31/27	MYR		3,561		853,935
3.73%, 06/15/28	MYR		4,532		1,094,739
3.76%, 04/20/23	MYR		1,950		474,723
3.76%, 05/22/40	MYR		4,270		954,369
3.80%, 08/17/23	MYR		1,841		449,375
3.83%, 07/05/34	MYR		4,509		1,052,654
3.89%, 08/15/29	MYR		3,848		932,663

Security		Par (000)		Value
Malaysia (continued)
3.90%, 11/30/26	MYR		2,291	$	562,282
3.90%, 11/16/27	MYR		3,235		791,554
3.91%, 07/15/26	MYR		2,769		678,579
3.96%, 09/15/25	MYR		5,632		1,385,632
4.06%, 09/30/24	MYR		1,945		478,640
4.07%, 06/15/50	MYR		3,527		799,378
4.18%, 07/15/24	MYR		2,543		626,226
4.25%, 05/31/35	MYR		2,056		500,060
4.76%, 04/07/37	MYR		2,616		670,158
Malaysia Government Investment Issue
3.15%, 05/15/23	MYR		2,423		585,648
3.42%, 09/30/27	MYR		2,814		670,044
3.45%, 07/15/36	MYR		2,694		591,576
3.47%, 10/15/30	MYR		4,653		1,090,428
3.66%, 10/15/24	MYR		2,709		659,823
3.73%, 03/31/26	MYR		3,969		964,082
4.09%, 11/30/23	MYR		2,600		640,604
4.13%, 08/15/25	MYR		2,835		699,328
4.13%, 07/09/29	MYR		2,100		518,229
4.26%, 07/26/27	MYR		2,796		694,122
4.37%, 10/31/28	MYR		3,374		844,796
Malaysia Investment Issue Bond, 4.42%, 09/30/41	MYR		2,188		528,554
					23,402,370
Mexico — 4.4%
Mexican Bonos
5.50%, 03/04/27	MXN
Series M, 5.75%, 03/05/26	MXN		67,162		3,056,426
Series M, 6.75%, 03/09/23	MXN		25,400		1,224,440
Series M, 7.75%, 05/29/31	MXN		42,336		2,063,283
Series M, 7.75%, 11/23/34	MXN		16,000		776,614
Series M, 7.75%, 11/13/42	MXN		27,402		1,296,844
Series M, 8.00%, 12/07/23	MXN		35,515		1,734,282
Series M, 8.00%, 09/05/24	MXN		48,804		2,394,760
Series M, 8.00%, 11/07/47	MXN		33,855		1,641,714
Series M 20, 7.50%, 06/03/27	MXN		46,070		2,231,273
Series M 20, 8.50%, 05/31/29	MXN		40,539		2,067,214
Series M 20, 10.00%, 12/05/24	MXN		41,083		2,119,186
Series M 30, 8.50%, 11/18/38	MXN		35,106		1,793,843
Series M 30, 10.00%, 11/20/36	MXN		10,223		592,997
					23,346,098
Peru — 4.4%
Peru Government Bond
5.35%, 08/12/40	PEN		6,851		1,499,011
5.40%, 08/12/34	PEN		8,336		1,955,621
5.70%, 08/12/24	PEN		5,377		1,436,374
5.94%, 02/12/29	PEN		12,743		3,344,439
6.15%, 08/12/32	PEN		12,210		3,136,084
6.35%, 08/12/28	PEN		12,268		3,304,030
6.90%, 08/12/37	PEN		11,156		2,916,338
6.95%, 08/12/31	PEN		11,687		3,204,755
8.20%, 08/12/26	PEN		8,834		2,588,310
					23,384,962
Philippines — 4.4%
Philippine Government International Bond
3.90%, 11/26/22	PHP		398,000		7,680,967
6.25%, 01/14/36	PHP		725,000		15,852,462
					23,533,429

2 

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
Poland — 4.3%
Republic of Poland Government Bond
0.25%, 10/25/26	PLN		8,130	$	1,671,205
0.75%, 04/25/25	PLN		7,025		1,565,168
1.25%, 10/25/30	PLN		8,163		1,601,134
2.25%, 10/25/24	PLN		8,322		1,965,935
2.50%, 01/25/23	PLN		6,866		1,666,668
2.50%, 04/25/24	PLN		7,267		1,738,738
2.50%, 07/25/26	PLN		11,223		2,584,033
2.50%, 07/25/27	PLN		5,720		1,295,734
2.75%, 04/25/28	PLN		7,455		1,702,186
2.75%, 10/25/29	PLN		10,806		2,422,959
3.25%, 07/25/25	PLN		8,853		2,125,935
4.00%, 10/25/23	PLN		5,596		1,380,642
5.75%, 09/23/22	PLN		5,053		1,264,306
					22,984,643
Romania — 4.3%
Romania Government Bond
3.25%, 04/29/24	RON		6,335		1,397,626
3.25%, 06/24/26	RON		5,555		1,175,957
3.50%, 12/19/22	RON		5,335		1,205,672
3.65%, 07/28/25	RON		5,715		1,248,676
3.65%, 09/24/31	RON		6,270		1,227,832
3.70%, 11/25/24	RON		5,715		1,264,932
4.00%, 10/25/23	RON		6,445		1,453,156
4.15%, 01/26/28	RON		5,735		1,242,049
4.15%, 10/24/30	RON		5,730		1,186,030
4.25%, 06/28/23	RON		5,660		1,282,964
4.40%, 09/25/23	RON		6,600		1,498,540
4.50%, 06/17/24	RON		5,675		1,284,895
4.75%, 02/24/25	RON		5,420		1,228,033
4.75%, 10/11/34	RON		2,620		545,488
4.85%, 04/22/26	RON		6,040		1,363,528
5.00%, 02/12/29	RON		6,560		1,466,760
5.80%, 07/26/27	RON		6,480		1,519,494
5.85%, 04/26/23	RON		5,780		1,336,796
					22,928,428
Russia — 4.3%
Russian Federal Bond - OFZ
4.50%, 07/16/25	RUB		114,937		1,273,986
5.70%, 05/17/28	RUB		115,657		1,231,480
6.00%, 10/06/27	RUB		98,797		1,086,906
6.10%, 07/18/35	RUB		104,148		1,027,955
6.50%, 02/28/24	RUB		79,588		972,267
6.70%, 03/14/29	RUB		90,830		1,013,547
6.90%, 05/23/29	RUB		82,175		927,005
6.90%, 07/23/31	RUB		89,086		982,169
7.00%, 01/25/23	RUB		31,480		397,397
7.00%, 08/16/23	RUB		78,190		975,259
7.05%, 01/19/28	RUB		85,325		984,507
7.10%, 10/16/24	RUB		85,774		1,048,225
7.15%, 11/12/25	RUB		99,818		1,196,286
7.25%, 05/10/34	RUB		91,831		1,016,270
7.40%, 12/07/22	RUB		85,352		1,084,908
7.40%, 07/17/24	RUB		91,456		1,129,721
7.65%, 04/10/30	RUB		92,124		1,077,378
7.70%, 03/23/33	RUB		95,629		1,105,254
7.70%, 03/16/39	RUB		73,804		835,876
7.75%, 09/16/26	RUB		81,116		982,643
7.95%, 10/07/26	RUB		80,104		977,638

Security		Par (000)			Value
Russia (continued)
8.15%, 02/03/27	RUB		74,310		$	912,212
8.50%, 09/17/31	RUB		58,340			718,063
						22,956,952
Serbia — 4.4%
Serbia Treasury Bonds
4.50%, 01/11/26	RSD		833,440			8,312,425
4.50%, 08/20/32	RSD		823,920			8,374,506
5.88%, 02/08/28	RSD		611,750			6,624,374
						23,311,305
South Africa — 4.4%
Republic of South Africa Government Bond
6.25%, 03/31/36	ZAR		15,900			726,431
6.50%, 02/28/41	ZAR		18,335			796,828
7.00%, 02/28/31	ZAR		20,060			1,099,815
7.75%, 02/28/23	ZAR		12,950			863,126
8.00%, 01/31/30	ZAR		53,959			3,243,536
8.25%, 03/31/32	ZAR		39,618			2,321,015
8.50%, 01/31/37	ZAR		38,661			2,141,357
8.75%, 01/31/44	ZAR		33,226			1,817,165
8.75%, 02/28/48	ZAR		54,437			2,973,071
8.88%, 02/28/35	ZAR		34,274			2,003,529
9.00%, 01/31/40	ZAR		27,355			1,555,033
10.50%, 12/21/26	ZAR		56,642			4,092,516
						23,633,422
Thailand — 4.4%
Thailand Government Bond
0.75%, 06/17/24	THB		47,831			1,434,867
0.95%, 06/17/25	THB		43,071			1,291,707
1.00%, 06/17/27	THB		22,563			661,622
1.45%, 12/17/24	THB		48,040			1,465,317
1.59%, 12/17/35	THB		27,727			739,313
1.60%, 12/17/29	THB		33,086			968,942
1.60%, 06/17/35	THB		20,877			563,239
2.00%, 12/17/22	THB		27,311			831,032
2.00%, 12/17/31	THB		29,092			862,045
2.00%, 06/17/42	THB		20,662			535,083
2.13%, 12/17/26	THB		49,802			1,547,725
2.40%, 12/17/23	THB		38,890			1,205,785
2.88%, 12/17/28	THB		33,657			1,081,800
2.88%, 06/17/46	THB		33,526			968,406
3.30%, 06/17/38	THB		46,737			1,500,399
3.40%, 06/17/36	THB		38,294			1,246,020
3.63%, 06/16/23	THB		32,884			1,027,478
3.65%, 06/20/31	THB		35,311			1,199,726
3.78%, 06/25/32	THB		43,213			1,481,553
3.85%, 12/12/25	THB		39,622			1,311,358
4.26%, 12/12/37(c)	THB		470			16,702
4.88%, 06/22/29	THB		45,311			1,638,645
						23,578,764
Turkey — 4.4%
Turkey Government Bond
7.10%, 03/08/23	TRY		26,018			1,728,641
8.00%, 03/12/25	TRY		26,045			1,360,887
8.50%, 09/14/22	TRY		16,739			1,196,996
9.00%, 07/24/24	TRY		28,746			1,647,708
10.40%, 03/20/24	TRY		13,481			823,824
10.50%, 08/11/27	TRY		28,065			1,308,411
10.60%, 02/11/26	TRY		35,337			1,859,668
10.70%, 08/17/22	TRY		0	(d)		—

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Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

Security		Par/ Shares (000)		Value
Turkey (continued)
11.00%, 02/24/27	TRY		24,253	$	1,187,110
11.70%, 11/13/30	TRY		54,653		2,430,002
12.20%, 01/18/23	TRY		32,828		2,336,363
12.40%, 03/08/28	TRY		16,247		819,043
12.60%, 10/01/25	TRY		70,683		4,046,154
16.20%, 06/14/23	TRY		40,629		2,909,860
					23,654,667
Uruguay — 4.4%
Uruguay Government International Bond
8.25%, 05/21/31	UYU		652,321		14,240,085
8.50%, 03/15/28(c)	UYU		421,596		9,438,339
					23,678,424
Total Foreign Government Obligations — 97.3%
(Cost: $576,112,139)					519,098,067
Short-Term Investments
Money Market Funds — 2.5%
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(e)(f)			13,210		13,210,000
Total Short-Term Investments — 2.5%
(Cost: $13,210,000)					13,210,000
Total Investments in Securities — 99.8%
(Cost: $589,322,139)					532,308,067
Other Assets, Less Liabilities — 0.2%					1,330,104
Net Assets — 100.0%				$	533,638,171

^(a) Zero-coupon bond.

^(b) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(c) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^(d) Rounds to less than 1,000.

^(e) Affiliate of the Fund.

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

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 10/31/21		Purchases at Cost			Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 01/31/22		Shares Held at 01/31/22 (000)		Income		Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Treasury, SL Agency Shares	$	1,000,000	$	12,210,000	(a)	$	—	$	—	$	—	$	13,210,000		13,210	$	70	$	—

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

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

● Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

● Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

● Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable

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Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2022

Fair Value Measurements (continued)

inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Investments
Assets
Foreign Government Obligations	$	—	$	519,098,067	$	—	$	519,098,067
Money Market Funds		13,210,000		—		—		13,210,000
	$	13,210,000	$	519,098,067	$	—	$	532,308,067

Currency Abbreviations

BRL	Brazilian Real	PLN	Polish Zloty
CLP	Chilean Peso	RON	Romanian Leu
CNY	Chinese Yuan	RSD	Serbian Dinar
COP	Colombian Peso	RUB	Russian Ruble
CZK	Czech Koruna	THB	Thai Baht
DOP	Dominican Peso	TRY	Turkish Lira
HUF	Hungarian Forint	UYU	Uruguayan Peso
IDR	Indonesian Rupiah	ZAR	South African Rand
MXN	Mexican Peso
MYR	Malaysian Ringgit
PEN	Peru Nuevo Sol
PHP	Philippine Peso

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