NPORT-EX 2 NPORT_2QWB_92522096_0722.htm

 

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

 

Security  Par
(000)		   Value 
         
Corporate Bonds & Notes          
           
Argentina — 0.7%          
Future Retail Ltd., 5.60%, 01/22/25 (Call 01/22/23)(a)(b)(c)  $200   $20,350 
Investment Energy Resources Ltd., 6.25%, 04/26/29 (Call 04/26/25)(c)   200    183,163 
MercadoLibre Inc., 3.13%, 01/14/31 (Call 10/14/30)   400    309,075 
MSU Energy SA/UGEN SA/UENSA SA, 6.88%, 02/01/25 (Call 08/29/22)(c)   300    172,650 
Transportadora de Gas del Sur SA, 6.75%, 05/02/25 (Call 08/29/22)(c)(d)   150    120,356 
Vedanta Resources Ltd., 6.13%, 08/09/24 (Call 08/30/22)(c)   400    251,200 
Wynn Macau Ltd.          
4.88%, 10/01/24 (Call 08/29/22)(c)   200    168,000 
5.50%, 10/01/27 (Call 10/01/22)(c)   400    308,000 
YPF SA          
6.95%, 07/21/27(c)   400    222,000 
7.00%, 12/15/47 (Call 06/15/47)(c)   200    100,500 
8.50%, 07/28/25(c)   600    378,360 
         2,233,654 
Australia — 0.2%          
Aydem Yenilenebilir Enerji AS, 7.75%, 02/02/27 (Call 02/02/24)(c)   400    273,200 
CIBANCO SA Institucion de Banca Multiple Trust CIB/3332, 4.38%, 07/22/31 (Call 04/22/31)(c)   400    276,700 
         549,900 
Azerbaijan — 0.3%          
Southern Gas Corridor CJSC, 6.88%, 03/24/26(c)   1,000    1,058,055 
           
Bahrain — 0.6%          
AUB Sukuk Ltd., 2.62%, 09/09/26(c)   400    363,000 
BBK BSC, 5.50%, 07/09/24(c)   200    195,537 
FS Luxembourg Sarl, 10.00%, 12/15/25(c)   400    406,000 
GFH Sukuk Ltd., 7.50%, 01/28/25(c)   200    195,038 
Manila Water Co. Inc., 4.38%, 07/30/30 (Call 07/30/25)(c)   200    176,350 
Oil & Gas Holding Co. BSCC (The), 7.50%, 10/25/27(c)   400    398,997 
         1,734,922 
Barbados — 0.1%          
Sagicor Financial Co. Ltd., 5.30%, 05/13/28 (Call 05/13/24)(c)   200    187,550 
           
Brazil — 8.3%          
Acu Petroleo Luxembourg Sarl, 7.50%, 01/13/32 (Call 01/13/27)(c)   250    207,500 
Adecoagro SA, 6.00%, 09/21/27(c)   200    180,000 
Aegea Finance Sarl, 6.75%, 05/20/29 (Call 05/20/25)(c)   200    194,038 
Altice Financing SA, 5.75%, 08/15/29   1,000    872,970 
Amaggi Luxembourg International Sarl, 5.25%, 01/28/28(c)   400    370,000 
Atento Luxco 1 SA, 8.00%, 02/10/26(c)   300    187,500 
B2W Digital Lux Sarl, 4.38%, 12/20/30 (Call 09/20/30)(c)(d)   200    149,800 
B3 S.A. Brasil Bolsa Balcao, 4.13%, 09/20/31(c)   400    335,075 
Banco Bradesco SA/Cayman Islands          
3.20%, 01/27/25(c)   400    384,000 
4.38%, 03/18/27(c)(d)   200    191,725 
Banco BTG Pactual SA/Cayman Islands          
2.75%, 01/11/26 (Call 12/11/25)(c)   200    179,300 
4.50%, 01/10/25 (Call 12/10/24)(c)   600    583,050 
7.75%, 02/15/29 (Call 02/15/24)(c)(e)   200    199,412 
Banco Davivienda SA, 6.65%, (Call 04/22/31)(c)(e)(f)   200    148,725 
Banco do Brasil SA/Cayman          
3.25%, 09/30/26(c)   400    368,200 
4.88%, 01/11/29(c)   200    186,000 
Security  Par
(000)		   Value 
         
Brazil (continued)          
6.25%, (Call 04/15/24)(c)(d)(e)(f)  $1,000   $883,000 
9.00%, (Call 06/18/24)(c)(e)(f)   1,000    1,012,800 
Banco Mercantil del Norte SA/Grand Cayman, 6.63%, (Call 01/24/32)(c)(e)(f)   200    161,850 
Banco Votorantim SA, 4.38%, 07/29/25(c)   400    382,200 
BRF SA, 4.88%, 01/24/30 (Call 10/24/29)(c)   400    346,720 
Centrais Eletricas Brasileiras SA, 3.63%, 02/04/25(c)   200    191,500 
Cosan Luxembourg SA, 7.00%, 01/20/27 (Call 08/29/22)(c)   400    407,450 
CSN Inova Ventures, 6.75%, 01/28/28 (Call 01/28/24)(c)   600    556,200 
CSN Resources SA          
4.63%, 06/10/31 (Call 06/10/26)(c)   400    300,250 
5.88%, 04/08/32 (Call 04/08/27)(c)   200    158,810 
Easy Tactic Ltd.          
7.50%, 07/11/25   600    144,000 
7.50%, 07/11/28   700    94,500 
Embraer Netherlands Finance BV          
5.05%, 06/15/25   550    544,087 
5.40%, 02/01/27   300    290,535 
Globo Comunicacao e Participacoes SA, 4.88%, 01/22/30(c)   200    159,913 
Gol Finance SA, 8.00%, 06/30/26 (Call 12/24/22)(c)   200    128,038 
Hidrovias International Finance SARL, 4.95%, 02/08/31 (Call 02/08/26)(c)   200    158,100 
Itau Unibanco Holding SA/Cayman Island          
3.25%, 01/24/25(c)   200    192,663 
3.88%, 04/15/31 (Call 01/15/26)(c)(e)   200    178,163 
4.50%, 11/21/29 (Call 11/21/24)(c)(e)   400    380,700 
6.13%, (Call 12/12/22)(c)(e)(f)   600    580,800 
6.50%, (Call 03/19/23)(c)(e)(f)   400    376,325 
Klabin Austria GmbH          
3.20%, 01/12/31 (Call 10/12/30)(c)   200    163,440 
5.75%, 04/03/29 (Call 01/03/29)(c)(d)   200    199,065 
7.00%, 04/03/49 (Call 10/03/48)(c)   400    384,575 
Light Servicos de Eletricidade SA/Light Energia SA, 4.38%, 06/18/26 (Call 06/18/24)(c)   200    174,913 
MARB BondCo PLC, 3.95%, 01/29/31 (Call 01/29/26)(c)   600    487,612 
MC Brazil Downstream Trading SARL, 7.25%, 06/30/31(c)   800    640,000 
MGM China Holdings Ltd., 4.75%, 02/01/27 (Call 02/01/24)(c)   200    154,644 
Movida Europe SA, 5.25%, 02/08/31 (Call 02/08/26)(c)   400    334,500 
Natura &Co. Luxembourg Holdings Sarl, 6.00%, 04/19/29 (Call 02/19/29)(c)   400    353,000 
Natura Cosmeticos SA, 4.13%, 05/03/28 (Call 03/03/28)(c)   400    336,500 
NBM U.S. Holdings Inc.          
6.63%, 08/06/29 (Call 08/06/24)(c)(d)   200    194,810 
7.00%, 05/14/26 (Call 08/29/22)(c)   400    399,580 
Nexa Resources SA, 5.38%, 05/04/27 (Call 02/04/27)(c)   400    379,325 
Odebrecht Drilling Norbe VIII/IX Ltd., 7.35%, (7.35% PIK), 12/01/26 (Call 08/29/22)(c)(g)   358    207,509 
Odebrecht Holdco Finance Ltd., 0.00%, 09/10/58 (Call 08/29/22)(c)(h)   900    6,750 
Odebrecht Offshore Drilling Finance Ltd., 7.72%, (7.72% PIK), 12/01/26 (Call 08/29/22)(c)(g)   915    208,844 
Oi SA, 10.00%, (12.00% PIK), 07/27/25(d)(g)   784    372,400 
Petrobras Global Finance BV          
5.09%, 01/15/30(d)   350    337,382 
5.30%, 01/27/25   250    254,812 
5.50%, 06/10/51 (Call 12/10/50)(d)   450    371,194 
5.60%, 01/03/31 (Call 10/03/30)(d)   725    707,328 
5.75%, 02/01/29(d)   300    301,462 
6.00%, 01/27/28(d)   626    640,054 
6.25%, 03/17/24   200    205,225 

1

 

 

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

 

Security  Par
(000)		   Value 
         
Brazil (continued)          
6.75%, 01/27/41  $300   $292,950 
6.75%, 06/03/50 (Call 12/03/49)(d)   300    278,340 
6.85%, 06/05/2115(d)   900    799,200 
6.88%, 01/20/40(d)   375    372,375 
6.90%, 03/19/49(d)   450    427,584 
7.25%, 03/17/44(d)   460    462,386 
7.38%, 01/17/27(d)   400    433,700 
Petrorio Luxembourg Trading Sarl, 6.13%, 06/09/26 (Call 06/09/24)(c)   400    377,450 
Rede D’or Finance Sarl          
4.50%, 01/22/30 (Call 10/22/29)(c)   300    256,875 
4.95%, 01/17/28 (Call 10/17/27)(c)   400    372,700 
StoneCo Ltd., 3.95%, 06/16/28 (Call 05/16/28)(c)   300    238,547 
Unigel Luxembourg SA, 8.75%, 10/01/26 (Call 10/01/22)(c)   200    200,440 
Usiminas International Sarl, 5.88%, 07/18/26 (Call 07/18/23)(c)   400    391,000 
Wynn Macau Ltd., 5.63%, 08/26/28 (Call 08/26/23)(c)   600    456,000 
         25,540,370 
Burkina Faso — 0.1%          
Endeavour Mining PLC, 5.00%, 10/14/26 (Call 10/14/23)(c)   200    163,500 
           
Canada — 0.0%          
Country Garden Holdings Co. Ltd., 3.88%, 10/22/30 (Call 07/22/30)(c)   200    61,500 
           
Chile — 0.1%          
Agrosuper SA, 4.60%, 01/20/32 (Call 10/20/31)(c)   200    172,250 
Guacolda Energia SA, 4.56%, 04/30/25 (Call 01/30/25)(c)   200    66,600 
VTR Finance NV, 6.38%, 07/15/28 (Call 07/15/23)(c)   200    122,725 
         361,575 
China — 4.1%          
Agile Group Holdings Ltd., 7.88%, (Call 07/31/24)(c)(e)(f)   600    111,000 
Arabian Centres Sukuk Ltd., 5.38%, 11/26/24(c)   200    189,225 
Bank of Communications Co. Ltd., 3.80%, (Call 11/18/25)(c)(e)(f)   1,500    1,481,250 
Central Plaza Development Ltd., 5.75%, (Call 11/14/24)(c)(e)(f)   200    134,913 
China Hongqiao Group Ltd., 6.25%, 06/08/24(c)   200    172,975 
China SCE Group Holdings Ltd., 7.00%, 05/02/25 (Call 05/02/23)(c)   400    64,000 
China Shenhua Overseas Capital Co. Ltd., 3.88%, 01/20/25(c)   200    196,722 
CIFI Holdings Group Co. Ltd.          
4.45%, 08/17/26 (Call 05/17/24)(c)   200    68,000 
5.95%, 10/20/25 (Call 07/20/23)(c)   400    144,000 
6.00%, 07/16/25 (Call 01/16/23)(c)   200    74,000 
6.45%, 11/07/24 (Call 11/07/22)(c)   200    78,725 
Commercial Bank of Dubai PSC, 6.00%, (Call 04/21/26)(c)(e)(f)   400    382,000 
Country Garden Holdings Co Ltd., 2.70%, 07/12/26 (Call 06/12/26)(c)   400    134,000 
Country Garden Holdings Co. Ltd., 3.13%, 10/22/25 (Call 09/22/25)(c)   400    138,000 
DIB Tier 1 Sukuk 4 Ltd., 4.63%, (Call 05/19/26)(c)(e)(f)   400    386,000 
Ease Trade Global Ltd., 4.00%, 11/10/25(c)   200    191,537 
Easy Tactic Ltd., 7.50%, 07/11/27   1,021    200,324 
Emirates NBD Bank PJSC, 6.13%, (Call 04/09/26)(c)(e)(f)   400    393,325 
ENN Clean Energy International Investment Ltd., 3.38%, 05/12/26 (Call 05/12/24)(c)   400    338,450 
Fortune Star BVI Ltd.          
5.00%, 05/18/26 (Call 05/18/24)(c)   200    102,000 
Security  Par
(000)		   Value 
         
China (continued)          
5.05%, 01/27/27 (Call 01/27/25)(c)  $200   $98,000 
5.95%, 10/19/25 (Call 10/19/23)(c)   400    220,000 
Greenland Global Investment Ltd., 5.88%, 07/03/24(c)   200    44,000 
IHS Holding Ltd.          
5.63%, 11/29/26 (Call 11/29/23)(c)   200    165,850 
6.25%, 11/29/28 (Call 11/29/24)(c)   200    163,000 
Industrial & Commercial Bank of China Ltd., 3.20%, (Call 09/24/26)(c)(e)(f)   2,900    2,786,900 
JGSH Philippines Ltd., 4.13%, 07/09/30(c)   200    185,787 
KWG Group Holdings Ltd., 5.88%, 11/10/24 (Call 08/15/22)(c)   400    48,000 
Lenovo Group Ltd., 5.88%, 04/24/25(c)   600    607,344 
Leviathan Bond Ltd.          
6.13%, 06/30/25 (Call 03/30/25)(c)(i)   275    269,895 
6.75%, 06/30/30 (Call 12/30/29)(c)(i)   250    232,391 
NWD Finance BVI Ltd., 4.13%, (Call 03/10/28)(c)(e)(f)   600    465,000 
Overseas Chinese Town Asia Holdings Ltd., 4.50%, (Call 07/15/23)(c)(e)(f)   200    197,000 
Powerlong Real Estate Holdings Ltd., 5.95%, 04/30/25 (Call 04/30/23)(c)   400    48,000 
RKPF Overseas 2020 A Ltd.          
5.13%, 07/26/26 (Call 07/26/24)(c)   200    73,000 
5.20%, 01/12/26 (Call 01/12/24)(c)   200    74,000 
Shui On Development Holding Ltd.          
5.75%, 11/12/23 (Call 08/29/22)(c)   400    342,000 
6.15%, 08/24/24 (Call 08/29/22)(c)   200    157,000 
Sino-Ocean Land Treasure III Ltd., 4.90%, (Call 09/21/22)(c)(e)(f)   400    118,075 
Times China Holdings Ltd.          
5.55%, 06/04/24 (Call 06/04/23)(c)   200    24,000 
6.75%, 07/08/25 (Call 07/08/23)(c)   400    44,000 
Turkiye Vakiflar Bankasi TAO          
5.25%, 02/05/25(c)   400    342,575 
6.50%, 01/08/26(c)   400    338,825 
Wanda Properties International Co. Ltd., 7.25%, 01/29/24(c)   200    127,000 
Well Hope Development Ltd., 3.88%, (Call 10/19/22)(c)(e)(f)   400    399,000 
West China Cement Ltd., 4.95%, 07/08/26 (Call 07/08/24)(c)   200    142,000 
Yanlord Land HK Co. Ltd., 5.13%, 05/20/26 (Call 05/20/24)(c)   200    128,000 
         12,821,088 
Colombia — 3.2%          
Avianca Midco 2 Ltd., 9.00%, 12/01/28 (Call 12/01/24)(c)   850    709,750 
Bancolombia SA          
3.00%, 01/29/25 (Call 12/29/24)(d)   400    367,825 
4.63%, 12/18/29 (Call 12/18/24)(d)(e)   200    169,850 
4.88%, 10/18/27 (Call 10/18/22)(e)   400    366,020 
Canacol Energy Ltd., 5.75%, 11/24/28 (Call 11/24/24)(c)   200    165,038 
Colombia Telecomunicaciones SA ESP, 4.95%, 07/17/30 (Call 04/17/30)(c)   200    155,000 
Ecopetrol SA          
4.13%, 01/16/25   560    537,880 
4.63%, 11/02/31 (Call 08/02/31)   590    482,325 
5.38%, 06/26/26 (Call 03/26/26)(d)   710    684,617 
5.88%, 09/18/23   850    856,332 
5.88%, 05/28/45   940    706,175 
5.88%, 11/02/51 (Call 05/02/51)   355    258,263 
6.88%, 04/29/30 (Call 01/29/30)(d)   950    902,785 
7.38%, 09/18/43(d)   400    356,075 
Franshion Brilliant Ltd., 6.00%, (Call 02/08/26)(c)(e)(f)   200    169,038 
Gol Finance SA, 7.00%, 01/31/25(c)   300    160,500 
Guara Norte Sarl, 5.20%, 06/15/34(c)   374    306,893 
JSM Global Sarl, 4.75%, 10/20/30(c)   200    154,100 

2

 

 

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

 

Security  Par
(000)		   Value 
         
Colombia (continued)          
Kenbourne Invest SA, 6.88%, 11/26/24 (Call 08/29/22)(c)  $200   $186,038 
Mexico Remittances Funding Fiduciary Estate Management Sarl, 4.88%, 01/15/28(c)   200    160,250 
Millicom International Cellular SA          
4.50%, 04/27/31 (Call 04/27/26)(c)   400    328,450 
6.25%, 03/25/29 (Call 03/25/24)(c)(d)   360    342,517 
Minerva Luxembourg SA, 4.38%, 03/18/31(c)   600    489,180 
NagaCorp Ltd., 7.95%, 07/06/24 (Call 08/08/22)(c)   200    179,975 
Nexa Resources SA, 6.50%, 01/18/28 (Call 10/18/27)(c)   200    193,913 
Rumo Luxembourg Sarl, 4.20%, 01/18/32(c)   200    162,290 
Sierracol Energy Andina Co., 6.00%, 06/15/28 (Call 06/15/24)(c)   200    143,600 
Termocandelaria Power Ltd., 7.88%, 01/30/29 (Call 01/30/23)(c)   340    300,751 
         9,995,430 
Egypt — 1.8%          
Axis Bank Ltd., 4.10%, (Call 09/08/26)(c)(e)(f)   200    168,000 
Azul Investments LLP, 7.25%, 06/15/26   200    132,500 
Banco do Brasil SA/Cayman          
4.63%, 01/15/25(c)   400    393,200 
9.25%, 10/29/49(c)   600    608,565 
Bangkok Bank PCL/Hong Kong          
3.73%, 09/25/34 (Call 09/25/29)(c)(e)   600    529,237 
5.00%, (c)   400    371,825 
Continuum Energy Levanter Pte Ltd., 4.50%, 02/09/27 (Call 02/09/24)(c)   197    163,718 
Delhi International Airport Ltd., 6.13%, 10/31/26(c)   200    181,912 
Greenko Solar Mauritius Ltd.          
5.55%, 01/29/25(c)   200    188,000 
5.95%, 07/29/26 (Call 08/29/22)(c)   200    182,000 
Itau Unibanco Holding SA/Cayman Island, 4.63%, (Call 02/27/25)(c)(e)(f)   400    321,325 
Minsur SA, 4.50%, 10/28/31(c)   200    170,038 
Oleoducto Central SA, 4.00%, 07/14/27 (Call 05/14/27)(c)   200    169,475 
Pampa Energia SA, 7.50%, 01/24/27 (Call 08/29/22)(c)   250    201,875 
Shriram Transport Finance Co. Ltd., 4.40%, 03/13/24(c)   400    378,000 
Telefonica Celular del Paraguay SA, 5.88%, 04/15/27(c)   200    189,326 
Total Play Telecomunicaciones SA de CV, 7.50%, 11/12/25(c)   400    343,500 
Vedanta Resources Finance II PLC, 13.88%, 01/21/24 (Call 12/21/22)(c)   400    343,825 
YPF SA, 2.50%, 06/30/29(c)   300    163,125 
YPF Sociedad Anonima          
1.50%, 09/30/33(c)   300    143,625 
4.00%, 02/12/26(c)   400    316,000 
         5,659,071 
Ghana — 0.4%          
Kosmos Energy Ltd., 7.13%, 04/04/26 (Call 08/29/22)(c)   400    348,000 
Tullow Oil PLC          
7.00%, 03/01/25 (Call 08/30/22)(c)   400    324,200 
10.25%, 05/15/26 (Call 05/15/23)(c)   706    656,580 
         1,328,780 
Guatemala — 0.3%          
Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL, 5.25%, 04/27/29 (Call 04/27/26)(c)   600    561,528 
CT Trust, 5.13%, 02/03/32 (Call 02/03/27)(c)   400    350,400 
         911,928 
Hong Kong — 3.0%          
Adani Green Energy Ltd., 4.38%, 09/08/24(c)   400    371,000 
Security  Par
(000)		   Value 
         
Hong Kong (continued)          
Bank of Communications Hong Kong Ltd., 3.73%, (Call 03/03/25)(c)(e)(f)  $250   $243,750 
Bank of East Asia Ltd. (The), 5.83%, (Call 10/21/25)(c)(e)(f)   250    232,500 
CAS Capital No. 1 Ltd., 4.00%, (Call 07/12/26)(c)(e)(f)   400    311,075 
Cathay Pacific MTN Financing HK Ltd., 4.88%, 08/17/26(c)   200    179,500 
Celestial Miles Ltd., 5.75%, (Call 01/31/24)(c)(e)(f)   600    586,500 
China Citic Bank, 3.25%, (Call 07/29/26)(c)(e)(f)   250    228,125 
China CITIC Bank International Ltd., 4.80%, (Call 04/22/27)(c)(e)(f)   250    237,875 
Country Garden Holdings Co. Ltd., 3.30%, 01/12/31 (Call 10/12/30)(c)   400    122,000 
Emirates NBD Bank PJSC, 4.25%, (Call 02/27/27)(c)(e)(f)   400    362,500 
EnfraGen Energia Sur SA, 5.38%, 12/30/30(c)   400    269,500 
FWD Group Ltd.          
5.75%, 07/09/24(c)   400    377,325 
6.38%, (Call 09/13/24)(c)(e)(f)   400    353,325 
8.05%, (Call 12/15/22)(c)(e)(f)   400    376,200 
GEMS MENASA Cayman Ltd./GEMS Education Delaware LLC, 7.13%, 07/31/26 (Call 08/29/22)(c)   400    373,000 
International Bank of Azerbaijan OJSC, 3.50%, 09/01/24(c)   550    519,750 
Li & Fung Ltd., 5.25%, (Call 11/03/22)(c)(f)   200    114,000 
Nanyang Commercial Bank Ltd., 6.50%, (Call 04/28/27)(c)(e)(f)   250    242,812 
New World China Land Ltd., 4.75%, 01/23/27(c)   400    390,325 
NWD Finance BVI Ltd., 6.25%, (Call 03/07/24)(c)(f)   600    481,987 
NWD MTN Ltd.          
4.13%, 07/18/29(c)   600    522,300 
4.50%, 05/19/30(c)   200    175,663 
Petron Corp., 5.95%, (Call 04/19/26)(c)(e)(f)   200    188,038 
Sands China Ltd.          
4.30%, 01/08/26 (Call 12/08/25)(d)   400    358,040 
5.13%, 08/08/25 (Call 06/08/25)(d)   800    749,256 
Seaspan Corp., 5.50%, 08/01/29 (Call 08/01/24)(c)   400    313,000 
Shelf Drilling Holdings Ltd., 8.25%, 02/15/25(c)   420    303,397 
SMC Global Power Holdings Corp., 5.70%, (Call 01/21/26)(c)(e)(f)   200    178,000 
Wheelock MTN BVI Ltd., 2.38%, 01/25/26(c)   200    189,413 
         9,350,156 
India — 1.9%          
ABJA Investment Co. Pte Ltd., 5.95%, 07/31/24(c)   425    428,187 
Adani Green Energy UP Ltd./Prayatna Developers Pvt Ltd./Parampujya Solar Energy, 6.25%, 12/10/24(c)   200    194,162 
Delhi International Airport Ltd., 6.45%, 06/04/29(c)   200    162,000 
Digicel International Finance Ltd./Digicel international Holdings Ltd., 8.75%, 05/25/24 (Call 08/15/22)(c)   300    280,650 
Geopark Ltd., 5.50%, 01/17/27 (Call 01/17/24)(c)   200    170,663 
Greenko Power II Ltd., 4.30%, 12/13/28 (Call 12/14/24)(c)   587    498,525 
Greenko Wind Projects Mauritius Ltd., 5.50%, 04/06/25 (Call 04/06/24)(c)   400    374,500 
HDFC Bank Ltd., 3.70%, (Call 08/25/26)(c)(e)(f)   400    339,000 
JSW Hydro Energy Ltd., 4.13%, 05/18/31 (Call 05/18/26)(c)   368    314,640 
JSW Steel Ltd.          
3.95%, 04/05/27 (Call 10/05/26)(c)   400    339,000 
5.05%, 04/05/32 (Call 10/05/31)(c)   200    156,000 
5.95%, 04/18/24(c)   200    196,750 
Melco Resorts Finance Ltd., 5.38%, 12/04/29 (Call 12/04/24)(c)   600    414,000 
Network i2i Ltd.          
3.98%, (c)   200    165,500 
5.65%, (Call 01/15/25)(c)(e)(f)   600    575,880 
Periama Holdings LLC/DE, 5.95%, 04/19/26(c)   400    371,500 

3

 

 

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

 

Security  Par
(000)		   Value 
           
India (continued)          
Powerlong Real Estate Holdings Ltd., 6.25%, 08/10/24 (Call 09/09/22)(c)  $200   $25,000 
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9          
Subsidiaries, 4.50%, 07/14/28 (Call 10/14/23)(c)(d)   400    332,000 
Vedanta Resources Finance II PLC          
8.95%, 03/11/25 (Call 09/11/24)(c)   600    441,000 
9.25%, 04/23/26 (Call 04/23/23)(c)   400    248,000 
         6,026,957 
Indonesia — 0.7%          
Adaro Indonesia PT, 4.25%, 10/31/24 (Call 10/31/22)(c)   250    239,109 
Anadolu Efes Biracilik Ve Malt Sanayii AS, 3.38%, 06/29/28 (Call 03/29/28)(c)   200    134,350 
Aragvi Finance International SR, 8.45%, 04/29/26 (Call 04/29/24)(c)   200    143,000 
Bank Negara Indonesia Persero Tbk PT          
3.75%, 03/30/26(c)   400    367,044 
4.30%, (Call 03/24/27)(c)(e)(f)   200    169,272 
Indika Energy Capital IV Pte Ltd., 8.25%, 10/22/25 (Call 10/22/22)(c)   350    337,050 
Medco Bell Pte Ltd., 6.38%, 01/30/27 (Call 01/30/24)(c)   400    355,500 
Medco Oak Tree Pte Ltd., 7.38%, 05/14/26 (Call 05/14/23)(c)   400    374,000 
         2,119,325 
Israel — 2.2%          
Bank of East Asia Ltd. (The), 5.88%, (Call 09/19/24)(c)(e)(f)   250    236,250 
Energean Israel Finance Ltd., 5.88%, 03/30/31 (Call 09/30/30)(c)(i)   300    256,500 
Playtika Holding Corp., 4.25%, 03/15/29 (Call 03/15/24)(c)   300    268,335 
Riyad Tier 1 Sukuk Ltd., 4.00%, (Call 02/16/27)(c)(e)(f)   400    377,500 
Teva Pharmaceutical Finance Co. LLC, 6.15%, 02/01/36(d)   450    407,531 
Teva Pharmaceutical Finance Netherlands III BV          
3.15%, 10/01/26(d)   1,700    1,523,965 
4.10%, 10/01/46   900    630,169 
4.75%, 05/09/27 (Call 02/09/27)   500    469,825 
5.13%, 05/09/29 (Call 02/09/29)   400    361,000 
6.00%, 04/15/24 (Call 01/15/24)(d)   600    599,362 
6.75%, 03/01/28 (Call 12/01/27)(d)   600    596,820 
7.13%, 01/31/25 (Call 10/31/24)(d)   400    406,825 
Turkiye Is Bankasi AS, 7.75%, 01/22/30 (Call 01/22/25)(c)(e)   400    348,700 
Yancoal International Resources Development Co. Ltd., 3.50%, 11/04/23(c)   200    195,038 
         6,677,820 
Jamaica — 0.1%          
Digicel International Finance Ltd./Digicel international Holdings Ltd., 8.75%, 05/25/24 (Call 08/15/22)(c)   200    187,788 
           
Jordan — 0.1%          
SMC Global Power Holdings Corp., 7.00%, (Call 10/21/25)(c)(e)(f)   400    376,450 
           
Kazakhstan — 0.1%          
Energean Israel Finance Ltd., 5.38%, 03/30/28 (Call 09/30/27)(c)(i)   300    264,000 
           
Kuwait — 0.4%          
Burgan Bank SAK, 5.75%, (Call 07/09/24)(c)(e)(f)   200    173,162 
China CITIC Bank International Ltd., 7.10%, (Call 11/06/23)(c)(e)(f)   400    408,600 
Kuwait Projects Co. SPC Ltd.          
4.23%, 10/29/26(c)   400    322,200 
4.50%, 02/23/27(c)   200    155,475 
Security  Par
(000)		   Value 
         
Kuwait (continued)          
Leviathan Bond Ltd., 6.50%, 06/30/27 (Call 12/30/26)(c)(i)  $300   $289,650 
         1,349,087 
Luxembourg — 0.1%          
Altice Financing SA, 5.00%, 01/15/28 (Call 01/15/23)(c)   400    352,992 
Macau — 1.6%          
Champion Path Holdings Ltd.          
4.50%, 01/27/26 (Call 01/27/24)(c)   200    128,000 
4.85%, 01/27/28 (Call 01/27/25)(c)   200    120,100 
Melco Resorts Finance Ltd.          
4.88%, 06/06/25 (Call 08/29/22)(c)   200    157,260 
5.25%, 04/26/26 (Call 08/29/22)(c)   300    234,000 
5.63%, 07/17/27 (Call 08/29/22)(c)   400    296,000 
5.75%, 07/21/28 (Call 07/21/23)(c)   400    284,000 
MGM China Holdings Ltd.          
5.38%, 05/15/24 (Call 08/08/22)(c)   600    540,000 
5.88%, 05/15/26 (Call 08/08/22)(c)   400    329,950 
Sands China Ltd.          
2.55%, 03/08/27 (Call 02/08/27)(c)   300    252,000 
3.10%, 03/08/29 (Call 01/08/29)(c)   400    315,976 
3.25%, 08/08/31 (Call 05/08/31)(c)   200    151,500 
4.88%, 06/18/30 (Call 03/18/30)   400    339,000 
5.40%, 08/08/28 (Call 05/08/28)   800    720,952 
Studio City Finance Ltd.          
5.00%, 01/15/29 (Call 01/15/24)(c)   800    396,400 
6.50%, 01/15/28 (Call 07/15/23)(c)   200    105,725 
Wynn Macau Ltd., 5.13%, 12/15/29 (Call 12/15/24)(c)   600    448,500 
         4,819,363 
Malaysia — 0.1%          
NWD Finance BVI Ltd., 4.80%, (Call 09/09/23)(c)(f)   400    288,075 
           
Mexico — 7.3%          
Alsea SAB de CV, 7.75%, 12/14/26 (Call 12/14/23)(c)   400    370,325 
Banco Mercantil del Norte SA/Grand Cayman          
6.75%, (Call 09/27/24)(c)(d)(e)(f)   300    282,431 
7.50%, (Call 06/27/29)(c)(e)(f)   200    179,413 
BBVA Bancomer SA/Texas, 5.13%, 01/18/33 (Call 01/17/28)(c)(e)   400    346,000 
Braskem Idesa SAPI, 7.45%, 11/15/29 (Call 11/15/24)(c)(d)   400    364,000 
Cemex SAB de CV          
5.45%, 11/19/29 (Call 11/19/24)(c)   400    367,000 
7.38%, 06/05/27 (Call 06/05/23)(c)   400    404,000 
Cemex SAB De CV, 5.13%, (Call 06/08/26)(c)(e)(f)   500    417,500 
Grupo Aeromexico SAB de CV, 8.50%, 03/17/27 (Call 03/17/24)(c)   300    282,000 
Grupo Bimbo SAB de CV, 5.95%, (Call 04/17/23)(c)(d)(e)(f)   200    196,360 
Petroleos Mexicanos          
4.50%, 01/23/26   600    542,700 
5.35%, 02/12/28(d)   953    794,325 
5.95%, 01/28/31 (Call 10/28/30)   1,800    1,390,500 
6.35%, 02/12/48   750    493,125 
6.38%, 01/23/45   600    399,750 
6.49%, 01/23/27 (Call 11/23/26)   748    676,846 
6.50%, 03/13/27(d)   1,900    1,716,460 
6.50%, 01/23/29(d)   550    467,561 
6.50%, 06/02/41   750    509,813 
6.63%, 06/15/35   1,300    946,530 
6.70%, 02/16/32 (Call 11/16/31)(d)   3,150    2,511,337 
6.75%, 09/21/47   2,600    1,763,450 
6.84%, 01/23/30 (Call 10/23/29)   1,100    926,629 

4

 

 

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

 

Security  Par
(000)		   Value 
         
Mexico (continued)          
6.88%, 08/04/26(d)  $1,300   $1,238,770 
6.95%, 01/28/60 (Call 07/28/59)(d)   1,800    1,215,000 
7.69%, 01/23/50 (Call 07/23/49)(d)   3,850    2,791,250 
8.75%, 06/02/29 (Call 04/02/29)(i)   600    562,988 
8.75%, 06/02/29 (Call 04/02/29)(c)   100    93,831 
Total Play Telecomunicaciones SA de CV, 6.38%, 09/20/28 (Call 09/30/25)(c)   200    155,680 
Unifin Financiera SAB de CV, 9.88%, 01/28/29 (Call 01/28/25)(c)(d)   200    104,000 
         22,509,574 
Morocco — 0.4%          
MGM China Holdings Ltd., 5.25%, 06/18/25 (Call 08/08/22)(c)   200    168,537 
OCP SA          
4.50%, 10/22/25(c)   400    392,860 
5.63%, 04/25/24(c)   300    302,869 
6.88%, 04/25/44(c)   400    340,825 
         1,205,091 
Nigeria — 0.3%          
Access Bank PLC, 9.13%, (Call 10/07/26)(c)(e)(f)   400    282,000 
HTA Group Ltd./Mauritius, 7.00%, 12/18/25 (Call 08/30/22)(c)   400    355,200 
IHS Netherlands Holdco BV, 8.00%, 09/18/27 (Call 09/18/22)(c)   400    356,080 
         993,280 
Oman — 0.3%          
Bank Muscat SAOG, 4.75%, 03/17/26(c)   200    191,500 
Oztel Holdings SPC Ltd.          
5.63%, 10/24/23(c)   200    200,725 
6.63%, 04/24/28(c)   500    509,938 
         902,163 
Panama — 0.3%          
C&W Senior Financing DAC, 6.88%, 09/15/27 (Call 09/15/22)(c)(d)   800    712,520 
Cable Onda SA, 4.50%, 01/30/30 (Call 01/30/25)(c)   200    178,250 
         890,770 
Paraguay — 0.1%          
Bioceanico Sovereign Certificate Ltd., 0.00%, 06/05/34(c)(h)   468    291,894 
           
Peru — 1.2%          
CA Magnum Holdings, 5.38%, 10/31/26 (Call 10/31/23)(c)   400    352,000 
Cia. De Minas Buenaventur Co., 5.50%, 07/23/26 (Call 07/23/23)(c)   200    172,000 
Hunt Oil Co. of Peru LLC Sucursal Del Peru, 6.38%, 06/01/28(c)   366    334,752 
Inkia Energy Ltd., 5.88%, 11/09/27 (Call 11/09/22)(c)   400    365,325 
InRetail Consumer, 3.25%, 03/22/28 (Call 01/22/28)(c)   400    330,700 
Nemak SAB de CV, 3.63%, 06/28/31 (Call 03/28/31)(c)   200    154,500 
Peru LNG Srl, 5.38%, 03/22/30(c)   400    333,000 
Petroleos del Peru SA          
4.75%, 06/19/32(c)   200    156,100 
5.63%, 06/19/47(c)   1,100    774,125 
Wynn Macau Ltd., 5.50%, 01/15/26 (Call 08/29/22)(c)   400    324,000 
XP Inc., 3.25%, 07/01/26 (Call 06/01/26)(c)   400    358,800 
YPF SA, 8.75%, 04/04/24(c)   238    174,335 
         3,829,637 
Philippines — 0.4%          
Globe Telecom Inc., 4.20%, (Call 08/02/26)(c)(e)(f)   400    368,000 
Petron Corp., 4.60%, (Call 07/19/23)(c)(e)(f)   200    188,225 
San Miguel Crop., 5.50%, (Call 07/29/25)(c)(e)(f)   200    191,750 
Security  Par
(000)		   Value 
         
Philippines (continued)          
SMC Global Power Holdings Corp., 6.50%, (Call 04/25/24)(c)(e)(f)  $600   $567,487 
         1,315,462 
Poland — 0.1%          
Canpack SA/Canpack U.S. LLC, 3.88%, 11/15/29 (Call 11/15/24)(c)   400    333,375 
           
Qatar — 0.5%          
AI Candelaria Spain SLU, 5.75%, 06/15/33 (Call 06/15/28)(c)   400    298,000 
Braskem Idesa SAPI, 6.99%, 02/20/32 (Call 02/20/27)(c)   700    589,540 
Liquid Telecommunications Financing Plc, 5.50%, 09/04/26 (Call 03/04/23)(c)   200    174,412 
SMC Global Power Holdings Corp., 5.45%, (Call 12/09/26)(c)(e)(f)   400    343,500 
         1,405,452 
Saudi Arabia — 0.3%          
Arabian Centres Sukuk II Ltd., 5.63%, 10/07/26(c)   400    360,575 
Dar Al-Arkan Sukuk Co. Ltd., 6.75%, 02/15/25(c)   200    193,725 
Henderson Land MTN Ltd., 2.38%, 05/27/25(c)   200    189,788 
Yapi ve Kredi Bankasi AS, 7.88%, 01/22/31 (Call 01/22/26)(c)(e)   200    174,100 
         918,188 
Singapore — 0.2%          
GLP Pte Ltd., 4.50%, (Call 05/17/26)(c)(e)(f)   400    319,450 
Singapore Airlines Ltd., 3.00%, 07/20/26 (Call 06/20/26)(c)   200    190,412 
         509,862 
South Africa — 2.4%          
Absa Group Ltd., 6.38%, (Call 05/27/26)(c)(e)(f)   200    181,913 
AES Andes SA., 7.13%, 03/26/79 (Call 04/07/24)(c)(e)   400    364,000 
Banco de Bogota SA, 6.25%, 05/12/26(c)   600    568,050 
Bidvest Group UK PLC (The), 3.63%, 09/23/26 (Call 09/23/23)(c)   400    356,700 
Braskem Netherlands Finance BV, 8.50%, 01/23/81 (Call 10/24/25)(c)(e)   200    206,580 
Embraer Netherlands Finance BV, 6.95%, 01/17/28 (Call 10/17/27)(c)   400    400,500 
Eskom Holdings SOC Ltd.          
6.35%, 08/10/28(c)   600    570,562 
7.13%, 02/11/25(c)   460    428,030 
FirstRand Bank Ltd., 6.25%, 04/23/28 (Call 04/23/23)(c)(e)   200    196,788 
Greenko Dutch BV, 3.85%, 03/29/26 (Call 03/29/23)(c)   388    336,590 
InterCement Financial Operations BV, 5.75%, 07/17/24 (Call 08/29/22)(c)   400    292,400 
Mong Duong Finance Holdings BV, 5.13%, 05/07/29(c)   250    203,172 
MTN Mauritius Investments Ltd.          
4.76%, 11/11/24(c)   400    392,450 
6.50%, 10/13/26(c)   200    197,725 
NWD Finance BVI Ltd., 5.25%, (Call 03/22/26)(c)(e)(f)   600    534,112 
Sasol Financing USA LLC          
4.38%, 09/18/26 (Call 08/18/26)   200    184,475 
5.50%, 03/18/31 (Call 03/18/30)   400    326,075 
5.88%, 03/27/24 (Call 02/27/24)   800    796,000 
6.50%, 09/27/28 (Call 06/27/28)   400    381,200 
Stillwater Mining Co.          
4.00%, 11/16/26 (Call 11/16/23)(c)   200    171,000 
4.50%, 11/16/29 (Call 11/16/25)(c)   400    315,450 
         7,403,772 
South Korea — 0.2%          
PCPD Capital Ltd., 5.13%, 06/18/26 (Call 06/18/24)(c)   400    348,000 

5

 

 

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

 

Security 

Par

(000)

   Value 
         
South Korea (continued)          
Woori Bank, 4.25%, (Call 10/04/24)(c)(e)(f)  $200   $189,288 
         537,288 
Supranational — 0.2%          
Eastern & Southern African Trade & Development Bank (The)          
4.13%, 06/30/28(c)   200    157,341 
4.88%, 05/23/24(c)   400    375,033 
         532,374 
Switzerland — 0.0%          
Oriflame Investment Holding PLC, 5.13%, 05/04/26 (Call 05/15/23)(c)   200    120,000 
Taiwan — 0.3%          
Banco Mercantil del Norte SA/Grand Cayman, 5.88%, (Call 01/24/27)(c)(e)(f)   400    332,200 
Commercial Bank PSQC (The), 4.50%, (Call 03/03/26)(c)(e)(f)   400    357,000 
Rumo Luxembourg Sarl, 5.25%, 01/10/28 (Call 01/10/24)(c)   200    188,725 
Turk Telekomunikasyon AS, 6.88%, 02/28/25(c)   200    173,287 
         1,051,212 
Thailand — 0.2%          
Kasikornbank PCL/Hong Kong, 3.34%, 10/02/31 (Call 10/02/26)(c)(e)   600    539,175 
Krung Thai Bank PCL/Cayman Islands, 4.40%, (Call 03/25/26)(c)(e)(f)   200    168,000 
         707,175 
Togo — 0.1%          
Ecobank Transnational Inc., 9.50%, 04/18/24(c)   200    189,000 
Turkey — 3.3%          
Akbank TAS          
5.13%, 03/31/25(c)   200    173,788 
6.80%, 02/06/26(c)   200    173,600 
6.80%, 06/22/31 (Call 06/22/26)(c)(e)   400    325,325 
Banco do Brasil SA/Cayman, 4.75%, 03/20/24(c)   400    398,825 
Banco Mercantil del Norte SA/Grand Cayman
7.63%, (c)		   200    184,788 
8.38%, (Call 10/14/30)(c)(e)(f)   200    190,412 
BBVA Bancomer SA/Texas, 5.88%, 09/13/34 (Call 09/13/29)(c)(e)   350    311,281 
BRF SA, 5.75%, 09/21/50 (Call 03/21/50)(c)   400    301,880 
Cemex SAB de CV          
3.88%, 07/11/31 (Call 07/11/26)(c)   800    641,150 
5.20%, 09/17/30 (Call 09/17/25)(c)   400    357,075 
Cemig Geracao e Transmissao SA, 9.25%, 12/05/24 (Call 12/05/23)(c)   400    421,325 
Centrais Eletricas Brasileiras SA, 4.63%, 02/04/30(c)   400    353,400 
Cosan SA, 5.50%, 09/20/29 (Call 09/20/24)(c)   400    373,200 
First Quantum Minerals Ltd., 6.88%, 10/15/27 (Call 10/15/23)(c)   800    756,000 
KOC Holding AS, 6.50%, 03/11/25 (Call 12/11/24)(c)   400    361,450 
Mersin Uluslararasi Liman Isletmeciligi AS, 5.38%, 11/15/24 (Call 11/15/22)(c)   200    180,288 
National Bank of Oman SAOG, 5.63%, 09/25/23(c)   200    198,912 
QNB Finansbank AS, 6.88%, 09/07/24(c)   200    198,412 
SEPLAT Energy PLC, 7.75%, 04/01/26 (Call 04/01/23)(c)   400    336,000 
Simpar Europe SA, 5.20%, 01/26/31(c)   200    166,225 
Singapore Airlines Ltd., 3.38%, 01/19/29 (Call 11/19/28)(c)   400    362,240 
Turk Telekomunikasyon AS, 4.88%, 06/19/24(c)   200    172,000 
Turkcell Iletisim Hizmetleri AS          
5.75%, 10/15/25(c)   200    170,600 
5.80%, 04/11/28 (Call 01/11/28)(c)   200    151,475 
Security   Par
(000)		   Value 
          
Turkey (continued)           
Turkiye Garanti Bankasi AS, 7.18%, 05/24/27(c)(e)   $400   $330,075 
Turkiye Is Bankasi AS           
6.13%, 04/25/24(c)    600    549,112 
7.00%, 06/29/28 (Call 06/29/23)(c)(e)    200    176,600 
Turkiye Petrol Rafinerileri AS, 4.50%, 10/18/24 (Call 07/20/24)(c)    400    354,325 
Turkiye Sise ve Cam Fabrikalari AS, 6.95%, 03/14/26 (Call 12/14/25)(c)    300    263,869 
Turkiye Vakiflar Bankasi TAO, 8.13%, 03/28/24(c)    200    188,163 
Ulker Biskuvi Sanayi AS, 6.95%, 10/30/25(c)    200    147,163 
Yapi ve Kredi Bankasi AS           
5.85%, 06/21/24(c)    300    274,931 
8.25%, 10/15/24(c)    200    189,350 
13.88%, (Call 01/15/24)(c)(e)(f)    400    405,325 
          10,138,564 
Ukraine — 0.0%           
Metinvest BV, 7.75%, 10/17/29(c)    200    77,975 
            
United Arab Emirates — 1.1%           
ADIB Capital Invest 2 Ltd., 7.13%, (Call 09/20/23)(c)(e)(f)    400    407,575 
DIB Tier 1 Sukuk 3 Ltd., 6.25%, (Call 01/22/25)(c)(e)(f)    400    400,000 
DP World Salaam, 6.00%, (Call 10/01/25)(c)(e)(f)    800    801,500 
Emirates NBD Bank PJSC, 6.13%, (Call 03/20/25)(c)(e)(f)    400    393,500 
Energean Israel Finance Ltd.           
4.50%, 03/30/24 (Call 12/30/23)(c)(i)    300    285,750 
4.88%, 03/30/26 (Call 12/30/25)(c)(i)    300    273,750 
Grupo de Inversiones Suramericana SA, 5.50%, 04/29/26(c)    200    184,225 
OCP SA, 5.13%, 06/23/51 (Call 12/23/50)(c)    400    284,825 
Petrofac Ltd., 9.75%, 11/15/26 (Call 11/15/23)(c)    200    160,380 
SMC Global Power Holdings Corp., 5.95%, (Call 05/05/25)(c)(e)(f)    200    181,725 
          3,373,230 
Zambia — 0.5%           
First Quantum Minerals Ltd.           
6.50%, 03/01/24 (Call 08/08/22)(c)(d)    400    397,524 
6.88%, 03/01/26 (Call 08/08/22)(c)    400    387,800 
7.50%, 04/01/25 (Call 08/08/22)(c)    600    593,550 
Grupo Aval Ltd., 4.38%, 02/04/30 (Call 11/04/29)(c)    400    316,000 
          1,694,874 
            
Total Corporate Bonds & Notes — 50.2%           
(Cost: $182,647,315)        155,349,548 

 

Foreign Government Obligations
           
Angola — 1.0%          
Angolan Government International Bond          
8.00%, 11/26/29(c)   800    644,000 
8.25%, 05/09/28(c)   800    672,000 
8.75%, 04/14/32(c)   900    726,750 
9.13%, 11/26/49(c)   600    457,237 
9.38%, 05/08/48(c)   800    618,000 
         3,117,987 
Argentina — 2.3%          
Argentine Republic Government International Bond          
0.50%, 07/09/30 (Call 08/29/22)(j)   7,519    1,774,598 
1.00%, 07/09/29 (Call 08/29/22)(d)   1,231    286,791 
1.50%, 07/09/35 (Call 08/29/22)(j)   9,649    2,142,130 
1.50%, 07/09/46 (Call 08/29/22)(j)   976    219,273 
3.50%, 07/09/41 (Call 08/29/22)(d)(j)   4,954    1,287,938 

6

 

 

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

 

Security  Par
(000)		   Value 
         
Argentina (continued)          
3.88%, 01/09/38 (Call 08/29/22)(j)  $5,399   $1,514,284 
         7,225,014 
Azerbaijan — 0.3%          
Republic of Azerbaijan International Bond          
3.50%, 09/01/32(c)   450    386,803 
4.75%, 03/18/24(c)   600    599,925 
         986,728 
Bahrain — 2.3%          
Bahrain Government International Bond          
5.25%, 01/25/33(c)   600    495,675 
5.45%, 09/16/32(c)   400    336,075 
5.63%, 09/30/31(c)   400    345,575 
5.63%, 05/18/34(c)   600    489,113 
6.00%, 09/19/44(c)   600    434,738 
6.75%, 09/20/29(c)   600    583,613 
7.00%, 01/26/26(c)   600    616,987 
7.00%, 10/12/28(c)   700    697,944 
7.38%, 05/14/30(c)   400    400,575 
CBB International Sukuk Co. 5 SPC, 5.62%, 02/12/24(c)   600    604,987 
CBB International Sukuk Co. 7 SPC, 6.88%, 10/05/25(c)   400    418,325 
CBB International Sukuk Programme Co. WLL          
3.88%, 05/18/29(d)(i)   425    374,478 
3.95%, 09/16/27(c)   500    468,219 
4.50%, 03/30/27(c)   400    385,200 
6.25%, 11/14/24(c)   600    614,362 
         7,265,866 
Bolivia — 0.1%          
Bolivian Government International Bond, 4.50%, 03/20/28(c)   400    322,325 
           
Brazil — 5.0%          
Banco Nacional de Desenvolvimento Economico e Social, 5.75%, 09/26/23(c)   400    405,700 
Brazilian Government International Bond          
2.88%, 06/06/25(d)   800    768,800 
3.75%, 09/12/31(d)   700    615,300 
3.88%, 06/12/30(d)   1,700    1,527,662 
4.25%, 01/07/25(d)   1,948    1,955,670 
4.50%, 05/30/29 (Call 02/28/29)(d)   1,000    944,563 
4.63%, 01/13/28 (Call 10/13/27)(d)   1,400    1,365,700 
4.75%, 01/14/50 (Call 07/14/49)   1,850    1,390,159 
5.00%, 01/27/45(d)   1,500    1,195,125 
5.63%, 01/07/41(d)   1,100    959,269 
5.63%, 02/21/47   1,300    1,103,619 
6.00%, 04/07/26(d)   1,000    1,063,000 
7.13%, 01/20/37   800    852,400 
8.25%, 01/20/34   650    745,794 
8.88%, 04/15/24   450    491,569 
         15,384,330 
Colombia — 3.9%          
Colombia Government International Bond          
3.00%, 01/30/30 (Call 10/30/29)   700    564,288 
3.13%, 04/15/31 (Call 01/15/31)   1,200    947,850 
3.25%, 04/22/32 (Call 01/22/32)   800    622,000 
3.88%, 04/25/27 (Call 01/25/27)(d)   800    731,400 
3.88%, 02/15/61 (Call 08/15/60)   600    374,550 
4.00%, 02/26/24 (Call 11/26/23)   800    785,400 
4.13%, 02/22/42 (Call 08/22/41)   400    272,000 
4.13%, 05/15/51 (Call 11/15/50)(d)   800    526,900 
4.50%, 01/28/26 (Call 10/28/25)   800    766,400 
Security  Par
(000)		   Value 
         
Colombia (continued)          
4.50%, 03/15/29 (Call 12/15/28)(d)  $1,000   $905,188 
5.00%, 06/15/45 (Call 12/15/44)   2,200    1,600,912 
5.20%, 05/15/49 (Call 11/15/48)   1,250    919,766 
5.63%, 02/26/44 (Call 08/26/43)   1,200    932,850 
6.13%, 01/18/41(d)   1,150    965,856 
7.38%, 09/18/37(d)   900    880,481 
8.13%, 05/21/24(d)   375    393,703 
         12,189,544 
Costa Rica — 0.5%          
Costa Rica Government International Bond          
6.13%, 02/19/31(c)(d)   600    576,112 
7.00%, 04/04/44(c)   450    393,413 
7.16%, 03/12/45(c)   600    532,050 
         1,501,575 
Dominican Republic — 3.4%          
Dominican Republic International Bond          
4.50%, 01/30/30(c)   1,000    858,938 
4.88%, 09/23/32(c)   1,350    1,130,878 
5.30%, 01/21/41(c)   700    544,819 
5.50%, 01/27/25(c)   525    523,130 
5.50%, 02/22/29 (Call 12/22/28)(c)   850    786,675 
5.88%, 01/30/60(c)   1,500    1,135,125 
5.95%, 01/25/27(c)   850    833,956 
6.00%, 07/19/28(c)   600    577,425 
6.00%, 02/22/33 (Call 11/22/32)(c)   1,000    904,250 
6.40%, 06/05/49(c)   600    491,175 
6.50%, 02/15/48(c)   450    373,725 
6.85%, 01/27/45(c)   900    790,481 
6.88%, 01/29/26(c)   700    722,006 
7.45%, 04/30/44(c)   750    703,500 
         10,376,083 
Ecuador — 1.2%          
Ecuador Government International Bond          
0.00%, 07/31/30(c)(h)   467    196,852 
1.50%, 07/31/40(c)(j)   1,601    661,252 
2.50%, 07/31/35(c)(j)   3,952    1,790,500 
5.50%, 07/31/30(c)(j)   1,750    1,032,581 
         3,681,185 
Egypt — 2.3%          
Egypt Government International Bond          
5.75%, 05/29/24(c)   600    510,000 
5.80%, 09/30/27(c)   600    403,500 
5.88%, 06/11/25(c)   600    477,000 
5.88%, 02/16/31(c)   800    494,000 
6.59%, 02/21/28(c)   600    415,500 
7.05%, 01/15/32(c)   400    252,000 
7.30%, 09/30/33(c)   600    375,000 
7.50%, 01/31/27(c)   1,000    730,000 
7.50%, 02/16/61(c)   600    336,000 
7.60%, 03/01/29(c)   800    554,000 
7.63%, 05/29/32(c)   800    504,000 
7.90%, 02/21/48(c)   600    337,500 
8.50%, 01/31/47(c)   1,300    754,000 
8.70%, 03/01/49(c)   600    349,500 
8.88%, 05/29/50(c)   1,000    592,500 
         7,084,500 
El Salvador — 0.2%          
El Salvador Government International Bond 7.12%, 01/20/50 (Call 07/20/49)(c)   550    177,822 

7

 

 

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

 

Security  Par
(000)		   Value 
         
El Salvador (continued)          
7.65%, 06/15/35(c)  $450   $144,928 
9.50%, 07/15/52 (Call 01/15/52)(c)   400    136,700 
         459,450 
Ethiopia — 0.1%          
Ethiopia International Bond, 6.63%, 12/11/24(c)   400    204,000 
           
Gabon — 0.1%          
Gabon Government International Bond, 6.63%, 02/06/31(c)   400    283,700 
           
Ghana — 0.8%          
Ghana Government International Bond          
6.38%, 02/11/27(c)   600    308,250 
7.63%, 05/16/29(c)   500    234,375 
7.75%, 04/07/29(c)   600    281,363 
7.88%, 02/11/35(c)   400    175,200 
8.13%, 01/18/26(c)   470    312,197 
8.13%, 03/26/32(c)   500    223,750 
8.63%, 04/07/34(c)   400    175,700 
8.63%, 06/16/49(c)   600    259,800 
8.95%, 03/26/51(c)   500    217,125 
10.75%, 10/14/30(c)   400    321,000 
         2,508,760 
Guatemala — 0.2%          
Guatemala Government Bond, 6.13%, 06/01/50(Call 12/01/49)(c)   700    665,131 
           
Iraq — 0.2%          
Iraq International Bond, 5.80%, 01/15/28(Call 09/12/22)(c)   859    742,178 
           
Ivory Coast — 0.2%          
Ivory Coast Government International Bond, 6.13%, 06/15/33(c)   600    486,675 
           
Jamaica — 0.7%          
Jamaica Government International Bond          
6.75%, 04/28/28   600    627,863 
7.88%, 07/28/45   900    991,012 
8.00%, 03/15/39   600    672,863 
         2,291,738 
Jordan — 0.5%          
Jordan Government International Bond          
5.75%, 01/31/27(c)   400    364,200 
5.85%, 07/07/30(c)   700    593,381 
6.13%, 01/29/26(c)   400    380,700 
7.38%, 10/10/47(c)   400    317,700 
         1,655,981 
Kenya — 0.7%          
Republic of Kenya Government International Bond          
6.30%, 01/23/34(c)   400    247,000 
6.88%, 06/24/24(c)   800    692,000 
7.25%, 02/28/28(c)   400    288,500 
8.00%, 05/22/32(c)   600    422,250 
8.25%, 02/28/48(c)   600    376,500 
         2,026,250 
Lebanon — 0.1%          
Lebanon Government International Bond          
6.00%, (a)(b)(c)   500    32,125 
6.10%, (a)(b)(c)   730    46,903 
6.60%, (a)(b)(c)   760    49,542 
6.65%, (a)(b)(c)   660    40,755 
Security  Par
(000)		   Value 
         
Lebanon (continued)          
6.75%, (a)(b)(c)  $470   $30,638 
6.85%, (a)(b)(c)   590    36,433 
7.00%, (a)(b)(c)   475    30,964 
         267,360 
Morocco — 0.2%          
Morocco Government International Bond          
3.00%, 12/15/32(c)   400    317,000 
4.00%, 12/15/50(c)   600    403,500 
         720,500 
Nigeria — 1.6%          
Nigeria Government International Bond          
6.13%, 09/28/28(c)   800    572,900 
6.50%, 11/28/27(c)   600    454,500 
7.14%, 02/23/30(c)   514    368,152 
7.38%, 09/28/33(c)   800    530,900 
7.63%, 11/21/25(c)   500    442,500 
7.63%, 11/28/47(c)   600    376,500 
7.70%, 02/23/38(c)   600    382,500 
7.88%, 02/16/32(c)   800    560,000 
8.25%, 09/28/51(c)   600    381,750 
8.38%, 03/24/29(c)   600    464,250 
8.70%, 01/21/31(c)   400    301,500 
         4,835,452 
Oman — 3.7%          
Oman Government International Bond          
4.75%, 06/15/26(c)   1,000    976,250 
4.88%, 02/01/25(c)   400    397,000 
5.38%, 03/08/27(c)   1,000    986,250 
5.63%, 01/17/28(c)   1,200    1,195,500 
6.00%, 08/01/29(c)   1,000    995,000 
6.25%, 01/25/31(c)   800    796,000 
6.50%, 03/08/47(c)   1,000    867,500 
6.75%, 10/28/27(c)   600    624,000 
6.75%, 01/17/48(c)   1,200    1,068,000 
7.00%, 01/25/51(c)   400    362,000 
7.38%, 10/28/32(c)   600    636,750 
Oman Sovereign Sukuk Co.          
4.40%, 06/01/24(c)   1,000    985,000 
4.88%, 06/15/30(c)   800    778,000 
5.93%, 10/31/25(c)   800    816,000 
         11,483,250 
Pakistan — 0.5%          
Pakistan Global Sukuk Programme Co. Ltd. (The), 7.95%, 01/31/29(c)   600    429,675 
Pakistan Government International Bond          
6.00%, 04/08/26(c)   600    315,066 
6.88%, 12/05/27(c)   750    385,219 
7.38%, 04/08/31(c)   600    296,316 
8.25%, 04/15/24(c)   270    156,144 
         1,582,420 
Paraguay — 0.4%          
Paraguay Government International Bond          
4.95%, 04/28/31 (Call 01/28/31)(c)   400    395,200 
5.40%, 03/30/50 (Call 09/30/49)(c)   600    527,738 
6.10%, 08/11/44(c)   400    385,200 
         1,308,138 

8

 

 

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

 

Security 
Par
(000)		   Value 
         
Senegal — 0.2%          
Senegal Government International Bond          
6.25%, 05/23/33(c)  $300   $238,650 
6.75%, 03/13/48(c)   600    424,425 
         663,075 
Serbia — 0.1%          
Serbia International Bond, 2.13%, 12/01/30(c)   535    393,827 
           
South Africa — 2.8%          
Republic of South Africa Government International Bond          
4.30%, 10/12/28(d)   1,000    915,500 
4.67%, 01/17/24   800    799,650 
4.85%, 09/27/27(d)   400    387,825 
4.85%, 09/30/29   900    824,794 
4.88%, 04/14/26   604    592,033 
5.00%, 10/12/46   600    426,113 
5.38%, 07/24/44   500    376,500 
5.65%, 09/27/47   800    610,900 
5.75%, 09/30/49   1,350    1,031,062 
5.88%, 09/16/25(d)   986    1,006,213 
5.88%, 06/22/30(d)   600    582,487 
5.88%, 04/20/32   600    555,750 
7.30%, 04/20/52   700    614,250 
         8,723,077 
Sri Lanka — 0.4%          
Sri Lanka Government International Bond          
6.20%, 05/11/27(a)(b)(c)   700    206,194 
6.75%, 04/18/28(a)(b)(c)   700    206,194 
6.83%, 07/18/26(a)(b)(c)   600    181,613 
6.85%, 03/14/24(a)(b)(c)   400    118,450 
6.85%, 11/03/25(a)(b)(c)   700    210,131 
7.55%, 03/28/30(a)(b)(c)   400    117,450 
7.85%, 03/14/29(a)(b)(c)   700    205,537 
         1,245,569 
Trinidad And Tobago — 0.1%          
Trinidad & Tobago Government International Bond, 4.50%, 08/04/26(c)   400    385,325 
           
Tunisia — 0.1%          
Tunisian Republic, 5.75%, 01/30/25(c)   400    215,200 
           
Turkey — 8.9%          
Hazine Mustesarligi Varlik Kiralama AS          
4.49%, 11/25/24(c)   400    372,200 
5.13%, 06/22/26(c)   1,200    1,084,725 
7.25%, 02/24/27(c)   1,500    1,439,812 
Turkey Government International Bond          
4.25%, 03/13/25   1,000    865,500 
4.25%, 04/14/26(d)   700    573,038 
4.75%, 01/26/26   800    672,000 
4.88%, 10/09/26   1,500    1,227,000 
4.88%, 04/16/43   1,370    815,407 
5.13%, 02/17/28   1,000    778,000 
5.25%, 03/13/30   1,000    720,188 
5.60%, 11/14/24(d)   1,100    1,001,206 
5.75%, 03/22/24   1,250    1,174,453 
5.75%, 05/11/47   1,600    995,800 
5.88%, 06/26/31   900    651,544 
5.95%, 01/15/31   1,000    737,687 
6.00%, 03/25/27   1,500    1,255,594 
6.00%, 01/14/41   1,300    826,150 
Security  Par/
Shares
(000)		   Value 
         
Turkey (continued)          
6.13%, 10/24/28  $1,300   $1,037,400 
6.35%, 08/10/24   1,050    982,603 
6.38%, 10/14/25   1,200    1,077,225 
6.50%, 09/20/33(d)   700    507,413 
6.63%, 02/17/45   1,400    950,950 
6.75%, 05/30/40   950    672,303 
6.88%, 03/17/36   1,300    965,087 
7.25%, 12/23/23   800    794,650 
7.25%, 03/05/38   550    426,697 
7.38%, 02/05/25   1,570    1,477,566 
7.63%, 04/26/29   1,400    1,191,575 
8.00%, 02/14/34(d)    750    644,438 
8.60%, 09/24/27   800    745,000 
11.88%, 01/15/30   700    743,662 
Turkiye Vakiflar Bankasi TAO, 5.50%, 10/01/26(c)   200    159,100 
         27,565,973 
Ukraine — 0.5%          
Ukraine Government International Bond          
6.88%, 05/21/29(c)   800    154,800 
7.25%, 03/15/33(c)   1,200    226,200 
7.38%, 09/25/32(c)   1,400    263,900 
7.75%, 09/01/23(c)   725    159,500 
7.75%, 09/01/24(c)   600    114,000 
7.75%, 09/01/25(c)   675    121,500 
7.75%, 09/01/26(c)   600    108,000 
7.75%, 09/01/27(c)   650    117,000 
9.75%, 11/01/28(c)   800    158,000 
         1,422,900 
United Arab Emirates — 0.9%          
Emirate of Dubai Government International Bonds          
3.90%, 09/09/50(c)   600    435,488 
5.25%, 01/30/43(c)   400    370,825 
Finance Department Government of Sharjah, 4.00%, 07/28/50(c)   500    325,000 
Sharjah Sukuk Program Ltd.          
2.94%, 06/10/27(c)   400    364,825 
3.23%, 10/23/29(c)   500    441,187 
3.85%, 04/03/26(c)   400    386,575 
4.23%, 03/14/28(c)   600    570,862 
         2,894,762 
Vietnam — 0.2%          
Vietnam Government International Bond, 4.80%, 11/19/24(c)   600    597,863 
           
Zambia — 0.2%          
Zambia Government International Bond          
8.50%, 04/14/24(a)(b)(c)   400    231,000 
8.97%, 07/30/27(a)(b)(c)   600    341,925 
         572,925 
           
Total Foreign Government Obligations — 46.9%          
(Cost: $199,636,324)        145,336,616 
Total Long-Term Investments — 97.1%          
(Cost: $382,283,639)        300,686,164 

 

Short-Term Securities
           
Money Market Funds — 13.1%          
BlackRock Cash Funds: Institutional, SL Agency Shares, 1.93%(k)(l)(m)  37,034    37,030,233 

9

 

 

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

 

Security  Shares
(000)		   Value 
         
Money Market Funds (continued)
BlackRock Cash Funds: Treasury, SL Agency Shares, 1.81%(k)(l)   3,509   $3,509,000 
           
Total Short-Term Securities — 13.1%
(Cost: $40,534,573)        40,539,233 
           
Total Investments in Securities — 110.2%
(Cost: $422,818,212)        341,225,397 
           
Liabilities in Excess of Other Assets — (10.2)%   (31,634,929)
           
Net Assets — 100.0%       $309,590,468 

 

(a)Issuer filed for bankruptcy and/or is in default.
(b)Non-income producing security.
(c)This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.
(d)All or a portion of this security is on loan.
(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)Perpetual security with no stated maturity date.
(g)Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates.
(h)Zero-coupon bond.

 

 

 

(i)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.
(j)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.
(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 the cash collateral from loaned securities.

 

Affiliates

 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 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 Sale		   Net Realized
Gain (Loss)		   Change in
Unrealized
Appreciation
(Depreciation)		   Value at
07/31/22		   Shares
Held at
07/31/22
(000)		   Income   Capital Gain
Distributions from
Underlying Funds		 
BlackRock Cash Funds: Institutional, SL Agency Shares  $33,402,228   $3,645,940(a)  $—   $(22,594)  $4,659   $37,030,233   37,034   $135,850(b)  $— 
BlackRock Cash Funds: Treasury, SL Agency Shares   2,999,000    510,000(a)   —    —    —    3,509,000   3,509    9,320    — 
                  $(22,594)  $4,659   $40,539,233       $145,170   $— 

  

(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 Hierarchy as of Period End

 

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 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

 

10

 

 

Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan EM High Yield Bond ETF
July 31, 2022  

 

 

Fair Value Hierarchy as of Period End (continued)

 

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                
Corporate Bonds & Notes  $—   $155,349,548   $—   $155,349,548 
Foreign Government Obligations   —    145,336,616    —    145,336,616 
Money Market Funds   40,539,233    —    —    40,539,233 
   $40,539,233   $300,686,164   $—   $341,225,397 

 

Portfolio Abbreviations - Fixed Income

 

PIK Payment-in-kind
PJSC Public Joint Stock Company

 

11