Schedule of Investments (unaudited)	iShares® International High Yield Bond ETF
July 31, 2022	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Corporate Bonds & Notes
Australia — 1.2%
Cellnex Finance Co. SA
1.00%, 09/15/27 (Call 06/15/27)(a)	EUR	100	$	88,062
2.00%, 09/15/32 (Call 06/15/32)(a)	EUR	200		160,411
Energias De Portugal SA, 1.88%, 03/14/82 (Call 06/14/29)(a)(b)	EUR	100		77,721
Eurobank SA, 2.25%, 03/14/28 (Call 03/14/27)(a)(b)	EUR	100		82,639
				408,833
Austria — 0.3%
ams-OSRAM AG, 6.00%, 07/31/25 (Call 08/29/22)(a)	EUR	100		95,751
Belgium — 0.3%
Telenet Finance Luxembourg Notes Sarl, 3.50%, 03/01/28 (Call 12/01/22)(a)	EUR	100		91,394
Canada — 3.0%
ADLER Group SA, 2.25%, 01/14/29 (Call 10/14/28)(a)	EUR	200		104,299
Air Canada, 4.63%, 08/15/29 (Call 02/15/26)(c)	CAD	225		152,425
Brookfield Property Finance ULC
3.93%, 08/24/25 (Call 07/24/25)	CAD	100		73,869
4.00%, 09/30/26 (Call 08/30/26)	CAD	75		54,114
Mattamy Group Corp., 4.63%, 03/01/28 (Call 03/01/23)(a)	CAD	50		32,310
Parkland Corp./Canada
3.88%, 06/16/26 (Call 06/16/23)(c)	CAD	100		71,786
4.38%, 03/26/29 (Call 03/26/24)	CAD	75		50,259
Rexel SA, 2.13%, 12/15/28 (Call 12/15/24)(a)	EUR	100		87,286
Southern Pacific Resource Corp., 8.75%, 01/25/18(c)(d)(e)(f)	CAD	50		—
Tamarack Valley Energy Ltd., 7.25%, 05/10/27 (Call 05/10/24)(c)	CAD	25		18,953
Videotron Ltd.
3.63%, 06/15/28 (Call 06/15/24)(c)	CAD	150		101,001
4.50%, 01/15/30 (Call 10/15/24)	CAD	150		100,409
VZ Vendor Financing II BV, 2.88%, 01/15/29 (Call 12/18/23)(a)	EUR	200		164,360
				1,011,071
Denmark — 0.0%
DKT Finance ApS, 7.00%, 06/17/23 (Call 08/29/22)(a)	EUR	0		—
Finland — 1.5%
Nokia OYJ
2.00%, 03/15/24 (Call 12/15/23)(a)	EUR	100		102,372
2.00%, 03/11/26 (Call 12/11/25)(a)	EUR	150		148,095
Teollisuuden Voima OYJ
1.13%, 03/09/26 (Call 12/09/25)(a)	EUR	200		187,007
1.38%, 06/23/28 (Call 03/23/28)(a)	EUR	100		86,466
				523,940
France — 13.9%
Accor SA
2.38%, 11/29/28 (Call 08/29/28)(a)	EUR	100		86,095
3.00%, 02/04/26 (Call 11/04/25)(a)	EUR	100		100,503
Altice France SA/France
2.13%, 02/15/25 (Call 08/29/22)(a)	EUR	150		139,497
4.00%, 07/15/29 (Call 04/15/24)(a)	EUR	100		83,477
4.25%, 10/15/29 (Call 10/15/24)(a)	EUR	100		84,171
5.88%, 02/01/27 (Call 08/29/22)(a)	EUR	150		143,878
Banijay Entertainment SASU, 3.50%, 03/01/25 (Call 08/29/22)(a)	EUR	200		195,048
CAB SELAS, 3.38%, 02/01/28 (Call 02/01/24)(a)	EUR	200		177,379
Casino Guichard Perrachon SA
3.58%, 02/07/25 (Call 11/07/24)(a)	EUR	200		148,061
5.25%, 04/15/27 (Call 04/15/23)(a)	EUR	100		65,807

Security		Par (000)	Value
France (continued)
Chrome Bidco SASU, 3.50%, 05/31/28 (Call 05/31/24)(a)	EUR	100	$	90,605
Elis SA
1.63%, 04/03/28 (Call 01/03/28)(a)	EUR	100		88,152
1.75%, 04/11/24 (Call 01/11/24)(a)	EUR	100		101,199
4.13%, 05/24/27 (Call 02/24/27)(a)	EUR	100		101,610
Faurecia SE
2.63%, 06/15/25 (Call 08/29/22)(a)	EUR	100		97,214
2.75%, 02/15/27 (Call 02/15/24)(a)	EUR	125		107,966
3.13%, 06/15/26 (Call 08/29/22)(a)	EUR	100		94,439
3.75%, 06/15/28 (Call 06/15/23)(a)	EUR	100		87,943
Iliad Holding SASU
5.13%, 10/15/26 (Call 10/15/23)(a)	EUR	150		147,686
5.63%, 10/15/28 (Call 10/15/24)(a)	EUR	100		95,601
iliad SA, 1.88%, 04/25/25 (Call 01/25/25)(a)	EUR	300		294,060
Kapla Holding SAS, 3.38%, 12/15/26 (Call 12/15/22)(a)	EUR	100		87,022
La Banque Postale SA, 3.00%, 06/09/28(a)	EUR	100		100,388
La Financiere Atalian SASU, 4.00%, 05/15/24 (Call 08/08/22)(a)	EUR	100		98,485
Loxam SAS
2.88%, 04/15/26 (Call 08/08/22)(a)	EUR	100		91,647
4.50%, 02/15/27 (Call 02/15/24)(a)	EUR	175		165,486
Orano SA
3.38%, 04/23/26 (Call 01/23/26)(a)	EUR	100		97,047
4.88%, 09/23/24	EUR	100		104,411
Paprec Holding SA, 3.50%, 07/01/28 (Call 07/01/24)(a)	EUR	100		84,368
Picard Groupe SAS, 3.88%, 07/01/26 (Call 07/01/23)(a)	EUR	100		92,078
Quatrim SASU, 5.88%, 01/15/24 (Call 08/08/22)(a)	EUR	100		97,205
RCI Banque SA, 2.63%, 02/18/30 (Call 02/18/25)(a)(b)	EUR	200		180,314
Renault SA
1.00%, 11/28/25 (Call 08/28/25)(a)	EUR	100		94,911
1.25%, 06/24/25 (Call 03/24/25)(a)	EUR	100		93,739
2.00%, 09/28/26 (Call 06/28/26)(a)	EUR	100		88,436
2.50%, 06/02/27 (Call 03/02/27)(a)	EUR	100		87,862
2.50%, 04/01/28 (Call 01/01/28)(a)	EUR	100		83,643
SPIE SA, 3.13%, 03/22/24 (Call 09/22/23)(a)	EUR	100		102,904
Tereos Finance Groupe I SA, 7.50%, 10/30/25 (Call 10/30/22)(a)	EUR	100		105,276
Valeo
1.00%, 08/03/28 (Call 05/03/28)(a)	EUR	100		85,259
1.50%, 06/18/25 (Call 03/18/25)(a)	EUR	100		96,547
3.25%, 01/22/24(a)	EUR	100		102,534
Verallia SA, 1.63%, 05/14/28 (Call 02/14/28)(a)	EUR	100		91,165
				4,761,118
Germany — 9.7%
ADLER Group SA
1.50%, 07/26/24 (Call 04/26/24)(a)	EUR	100		64,941
1.88%, 01/14/26 (Call 10/14/25)(a)	EUR	100		55,652
ADLER Real Estate AG, 1.88%, 04/27/23 (Call 03/27/23)(a)	EUR	100		87,976
Bayer AG
2.38%, 11/12/79 (Call 02/12/25)(a)(b)	EUR	100		94,108
3.75%, 07/01/74 (Call 07/01/24)(a)(b)	EUR	200		199,148
Series N5.5, 4.50%, Series N5.5, 03/25/82 (Call 06/25/27)(a)(b)	EUR	100		94,239
Bertelsmann SE & Co. KGaA, 3.50%, 04/23/75 (Call 04/23/27)(a)(b)	EUR	100		92,058
Commerzbank AG
4.00%, 03/23/26(a)	EUR	100		103,967
4.00%, 03/30/27(a)	EUR	100		104,411
4.00%, 12/05/30 (Call 09/05/25)(a)(b)	EUR	100		99,883

1

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

Security		Par (000)	Value
Germany (continued)
Deutsche Bank AG
2.75%, 02/17/25(a)	EUR	125	$	128,534
4.00%, 06/24/32 (Call 03/24/27)(a)(b)	EUR	200		195,211
4.50%, 05/19/26(a)	EUR	100		105,074
5.63%, 05/19/31 (Call 02/19/26)(a)(b)	EUR	100		106,084
Deutsche Lufthansa AG
3.00%, 05/29/26 (Call 03/02/26)(a)	EUR	300		272,354
3.50%, 07/14/29 (Call 04/14/29)(a)	EUR	100		83,255
Douglas GmbH, 6.00%, 04/08/26 (Call 04/15/23)(a)	EUR	100		85,265
Gruenenthal GMBH, 4.13%, 05/15/28 (Call 05/15/24)(a)	EUR	0		—
Nidda BondCo GmbH, 5.00%, 09/30/25 (Call 08/29/22)(a)	EUR	100		86,480
Nidda Healthcare Holding GmbH, 3.50%, 09/30/24 (Call 08/08/22)(a)	EUR	100		94,961
Schaeffler AG
1.88%, 03/26/24 (Call 12/26/23)(a)	EUR	100		100,812
2.75%, 10/12/25 (Call 07/12/25)(a)	EUR	100		97,247
2.88%, 03/26/27 (Call 12/26/26)(a)	EUR	100		95,498
Techem Verwaltungsgesellschaft 675 mbH, 2.00%, 07/15/25 (Call 08/29/22)(a)	EUR	150		140,837
thyssenkrupp AG, 2.88%, 02/22/24 (Call 11/22/23)(a)	EUR	200		199,669
TK Elevator Holdco GmbH, 6.63%, 07/15/28 (Call 07/15/23)(a)	EUR	90		80,365
TK Elevator Midco GmbH, 4.38%, 07/15/27 (Call 07/15/23)(a)	EUR	100		93,441
ZF Europe Finance BV
2.00%, 02/23/26 (Call 12/23/25)(a)	EUR	100		90,961
2.50%, 10/23/27 (Call 07/23/27)(a)	EUR	100		87,045
ZF Finance GmbH
2.00%, 05/06/27 (Call 02/06/27)(a)	EUR	100		85,838
3.75%, 09/21/28 (Call 06/21/28)(a)	EUR	100		90,225
				3,315,539
Greece — 0.8%
Alpha Bank SA, 2.50%, 03/23/28 (Call 03/23/27)(a)(b)	EUR	100		82,146
Piraeus Financial Holdings SA, 9.75%, 06/26/29 (Call 06/26/24)(a)(b)	EUR	100		96,874
Public Power Corp. SA, 3.88%, 03/30/26 (Call 03/30/23)(a)	EUR	100		90,804
				269,824
Ireland — 0.8%
AIB Group PLC, 2.88%, 05/30/31 (Call 05/30/26)(a)(b)	EUR	100		96,303
Bank of Ireland Group PLC, 1.38%, 08/11/31 (Call 05/11/26)(a)(b)	EUR	100		90,331
eircom Finance DAC, 3.50%, 05/15/26 (Call 08/29/22)(a)	EUR	100		95,165
				281,799
Israel — 1.9%
Teva Pharmaceutical Finance Netherlands II BV
1.13%, 10/15/24(a)	EUR	100		96,437
1.63%, 10/15/28(a)	EUR	150		120,345
3.75%, 05/09/27 (Call 02/09/27)	EUR	150		142,065
4.38%, 05/09/30 (Call 02/09/30)	EUR	200		179,594
4.50%, 03/01/25 (Call 12/01/24)	EUR	100		101,817
				640,258
Italy — 15.4%
Alpha Services and Holdings SA, 4.25%, 02/13/30 (Call 02/13/25)(a)(b)	EUR	100		81,654
Atlantia SpA
1.63%, 02/03/25(a)	EUR	100		96,128
1.88%, 07/13/27 (Call 04/13/27)(a)	EUR	175		153,799
1.88%, 02/12/28 (Call 11/12/27)(a)	EUR	100		85,024
Autostrade per l’Italia SpA
1.63%, 01/25/28 (Call 10/25/27)(a)	EUR	100		90,105
1.75%, 06/26/26(a)	EUR	100		95,905

Security		Par (000)	Value
Italy (continued)
1.88%, 09/26/29 (Call 06/26/29)(a)	EUR	100	$	85,944
2.00%, 12/04/28 (Call 09/04/28)(a)	EUR	100		88,805
4.38%, 09/16/25(a)	EUR	100		104,544
Banca Monte dei Paschi di Siena SpA
3.63%, 09/24/24(a)	EUR	200		181,552
10.50%, 07/23/29(a)	EUR	100		60,327
Banca Popolare di Sondrio SCPA
2.38%, 04/03/24(a)	EUR	100		100,807
3.88%, 02/25/32 (Call 11/25/26)(a)(b)	EUR	100		85,491
Banco BPM SpA
0.88%, 07/15/26(a)	EUR	100		91,445
3.25%, 01/14/31 (Call 01/14/26)(a)(b)	EUR	100		89,374
4.25%, 10/01/29 (Call 10/01/24)(a)(b)	EUR	100		95,867
BPER Banca
1.88%, 07/07/25(a)	EUR	100		96,692
3.88%, 07/25/32 (Call 01/25/27)(a)(b)	EUR	200		168,334
Deutsche Lufthansa AG, 2.00%, 07/14/24 (Call 06/14/24)(a)	EUR	100		97,307
Esselunga SpA, 0.88%, 10/25/23 (Call 07/25/23)(a)	EUR	100		100,960
Gamma Bidco SpA, 5.13%, 07/15/25 (Call 08/08/22)(a)	EUR	100		94,121
Iccrea Banca SpA
2.13%, 01/17/27 (Call 01/17/26)(a)(b)	EUR	100		94,841
4.13%, 11/28/29 (Call 11/28/24)(a)(b)	EUR	100		93,790
IMA Industria Macchine Automatiche SpA, 3.75%, 01/15/28 (Call 01/15/23)(a)	EUR	100		83,437
Infrastrutture Wireless Italiane SpA
1.75%, 04/19/31 (Call 01/19/31)(a)	EUR	100		84,578
1.88%, 07/08/26 (Call 04/08/26)(a)	EUR	150		144,359
Intesa Sanpaolo SpA
3.93%, 09/15/26(a)	EUR	175		180,473
4.38%, 07/12/29 (Call 07/12/24)(a)(b)	EUR	150		152,080
5.88%, 03/04/29 (Call 03/04/24)(a)(b)	EUR	150		156,225
Leonardo SpA, 2.38%, 01/08/26 (Call 10/08/25)(a)	EUR	100		100,254
Mediobanca Banca di Credito Finanziario SpA, 3.75%, 06/16/26	EUR	75		76,610
Nexi SpA
1.63%, 04/30/26 (Call 01/30/26)(a)	EUR	100		92,372
2.13%, 04/30/29 (Call 01/30/29)(a)	EUR	150		123,836
Rossini Sarl, 6.75%, 10/30/25 (Call 08/29/22)(a)	EUR	100		102,424
Saipem Finance International BV
2.63%, 01/07/25(a)	EUR	100		93,215
3.75%, 09/08/23(a)	EUR	100		100,864
Telecom Italia SpA/Milano
1.63%, 01/18/29 (Call 10/18/28)(a)	EUR	100		75,119
2.38%, 10/12/27 (Call 07/12/27)(a)	EUR	100		86,312
2.50%, 07/19/23(a)	EUR	100		101,640
2.88%, 01/28/26 (Call 10/28/25)(a)	EUR	300		282,016
3.63%, 01/19/24(a)	EUR	100		101,982
3.63%, 05/25/26(a)	EUR	100		97,578
4.00%, 04/11/24 (Call 01/11/24)(a)	EUR	100		101,678
UniCredit SpA
2.73%, 01/15/32 (Call 01/15/27)(a)(b)	EUR	200		174,842
4.88%, 02/20/29 (Call 02/20/24)(a)(b)	EUR	200		204,195
Webuild SpA, 1.75%, 10/26/24(a)	EUR	250		236,660
				5,285,565
Japan — 1.4%
SoftBank Group Corp.
2.13%, 07/06/24 (Call 04/06/24)(a)	EUR	175		163,334
2.88%, 01/06/27 (Call 10/06/26)(a)	EUR	100		84,228
3.38%, 07/06/29 (Call 04/06/29)(a)	EUR	125		94,437
3.88%, 07/06/32 (Call 04/06/32)(a)	EUR	100		73,821

2

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

Security		Par (000)	Value
Japan (continued)
4.00%, 09/19/29 (Call 06/21/29)(a)	EUR	100	$	77,829
				493,649
Luxembourg — 3.8%
Altice Financing SA
2.25%, 01/15/25 (Call 08/29/22)(a)	EUR	100		95,434
4.25%, 08/15/29 (Call 08/15/24)(a)	EUR	100		87,484
Altice Finco SA, 4.75%, 01/15/28 (Call 10/15/22)(a)	EUR	100		82,834
Altice France Holding SA
4.00%, 02/15/28 (Call 02/15/23)(a)	EUR	100		76,322
8.00%, 05/15/27 (Call 08/08/22)(a)	EUR	100		88,738
Garfunkelux Holdco 3 SA, 6.75%, 11/01/25 (Call 11/01/22)(a)	EUR	100		87,727
INEOS Finance PLC
2.13%, 11/15/25 (Call 08/08/22)(a)	EUR	100		94,441
2.88%, 05/01/26 (Call 08/08/22)(a)	EUR	175		165,166
Matterhorn Telecom SA, 3.13%, 09/15/26 (Call 09/15/22)(a)	EUR	100		93,304
Mytilineos Financial Partners SA, 2.50%, 12/01/24 (Call 06/01/24)(a)	EUR	100		96,154
SIG Combibloc Purchase Co. Sarl, 2.13%, 06/18/25 (Call 03/18/25)(a)	EUR	100		98,061
Summer BC Holdco B Sarl, 5.75%, 10/31/26 (Call 10/31/22)(a)	EUR	150		141,890
Vivion Investments Sarl, 3.00%, 08/08/24(a)	EUR	100		93,036
				1,300,591
Netherlands — 3.1%
Lincoln Financing Sarl, 3.63%, 04/01/24 (Call 08/29/22)(a)	EUR	200		200,295
PPF Telecom Group BV
3.25%, 09/29/27 (Call 06/29/27)(a)	EUR	100		90,722
3.50%, 05/20/24 (Call 02/20/24)(a)	EUR	100		100,918
Q-Park Holding I BV, 2.00%, 03/01/27 (Call 03/01/23)(a)	EUR	100		83,563
Sigma Holdco BV, 5.75%, 05/15/26 (Call 08/08/22)(a)	EUR	100		63,476
SNS Bank NV, 6.25%, 10/26/20(e)	EUR	50		—
Trivium Packaging Finance BV, 3.75%, 08/15/26 (Call 08/29/22)(a)	EUR	100		94,732
United Group BV
3.63%, 02/15/28 (Call 02/15/23)(a)	EUR	100		79,404
4.88%, 07/01/24 (Call 08/29/22)(a)	EUR	100		97,806
5.25%, 02/01/30 (Call 02/01/25)(a)	EUR	100		79,543
UPC Holding BV, 3.88%, 06/15/29 (Call 08/29/22)(a)	EUR	100		86,344
WP/AP Telecom Holdings IV BV, 3.75%, 01/15/29 (Call 01/15/25)(a)	EUR	100		90,859
				1,067,662
Norway — 0.3%
Adevinta ASA, 2.63%, 11/15/25 (Call 11/15/22)(a)	EUR	100		96,599
Portugal — 1.1%
Banco Comercial Portugues SA, 4.00%, 05/17/32 (Call 11/17/26)(a)(b)	EUR	100		79,141
EDP - Energias de Portugal SA
1.70%, 07/20/80 (Call 04/20/25)(a)(b)	EUR	100		91,893
1.88%, 08/02/81 (Call 05/02/26)(a)(b)	EUR	100		87,949
4.50%, 04/30/79 (Call 01/30/24)(a)(b)	EUR	100		101,811
Novo Banco SA, 8.50%, 07/06/28 (Call 07/06/23)(a)(b)	EUR	0		—
				360,794
Spain — 7.0%
Banco de Credito Social Cooperativo SA, 1.75%, 03/09/28 (Call 03/09/27)(a)(b)	EUR	100		81,777
Banco de Sabadell SA
0.88%, 06/16/28 (Call 06/16/27)(a)(b)	EUR	100		87,049
2.63%, 03/24/26 (Call 03/24/25)(a)(b)	EUR	100		98,873
5.38%, 12/12/28 (Call 12/12/23)(a)(b)	EUR	100		101,694

Security		Par (000)	Value
Spain (continued)
Cellnex Finance Co. SA
0.75%, 11/15/26 (Call 08/15/26)(a)	EUR	100	$	91,663
1.50%, 06/08/28 (Call 03/08/28)(a)	EUR	100		88,267
2.00%, 02/15/33 (Call 11/15/32)(a)	EUR	100		78,221
2.25%, 04/12/26 (Call 01/12/26)(a)	EUR	100		99,412
Cellnex Telecom SA
1.00%, 04/20/27 (Call 01/20/27)(a)	EUR	100		90,057
1.88%, 06/26/29 (Call 03/26/29)	EUR	100		86,668
2.38%, 01/16/24 (Call 10/16/23)(a)	EUR	100		102,409
Cirsa Finance International Sarl
4.50%, 03/15/27 (Call 09/15/23)(a)	EUR	100		85,259
6.25%, 12/20/23 (Call 08/08/22)(a)	EUR	85		83,995
ContourGlobal Power Holdings SA, 4.13%, 08/01/25 (Call 08/29/22)(a)	EUR	100		98,318
Grifols Escrow Issuer SA, 3.88%, 10/15/28 (Call 10/15/24)(a)	EUR	150		133,092
Grifols SA
1.63%, 02/15/25 (Call 08/29/22)(a)	EUR	150		147,005
3.20%, 05/01/25 (Call 08/29/22)(a)	EUR	100		97,028
Ibercaja Banco SA, 2.75%, 07/23/30 (Call 07/23/25)(a)(b)	EUR	100		85,260
International Consolidated Airlines Group SA, 2.75%, 03/25/25 (Call 12/25/24)(a)	EUR	100		91,310
Kaixo Bondco Telecom SA, 5.13%, 09/30/29 (Call 09/30/24)(a)	EUR	100		87,732
Loarre Investments Sarl, 6.50%, 05/15/29 (Call 05/15/25)(a)	EUR	100		99,458
Lorca Telecom Bondco SA, 4.00%, 09/18/27 (Call 09/30/23)(a)	EUR	200		186,260
Repsol International Finance BV, 4.50%, 03/25/75 (Call 03/25/25)(a)(b)	EUR	100		101,849
Unicaja Banco SA, 2.88%, 11/13/29 (Call 11/13/24)(a)(b)	EUR	100		91,566
				2,394,222
Sweden — 2.6%
CGG SA, 7.75%, 04/01/27 (Call 04/01/24)(a)	EUR	100		90,424
Intrum AB
3.00%, 09/15/27 (Call 09/15/22)(a)	EUR	100		81,713
3.13%, 07/15/24(a)	EUR	100		98,025
3.50%, 07/15/26 (Call 08/08/22)(a)	EUR	175		153,101
Verisure Holding AB, 3.25%, 02/15/27 (Call 02/15/23)(a)	EUR	150		134,432
Verisure Midholding AB, 5.25%, 02/15/29 (Call 02/15/24)(a)	EUR	150		128,160
Volvo Car AB
2.00%, 01/24/25 (Call 10/24/24)(a)	EUR	100		98,405
2.13%, 04/02/24 (Call 01/02/24)(a)	EUR	100		101,065
				885,325
Switzerland — 0.5%
Dufry One BV
2.50%, 10/15/24 (Call 08/29/22)(a)	EUR	100		99,147
3.38%, 04/15/28 (Call 04/15/24)(a)	EUR	100		87,314
				186,461
United Kingdom — 11.9%
BCP V Modular Services Finance II PLC
4.75%, 11/30/28 (Call 11/30/24)(a)	EUR	100		84,913
6.13%, 11/30/28 (Call 11/30/24)(a)	GBP	100		97,599
Bellis Acquisition Co. PLC
3.25%, 02/16/26 (Call 02/24/23)(a)	GBP	100		98,640
4.50%, 02/16/26 (Call 02/24/23)(a)	GBP	100		100,675
Bellis Finco PLC, 4.00%, 02/16/27 (Call 02/24/23)(a)	GBP	100		83,441
British Telecommunications PLC, 1.87%, 08/18/80 (Call 05/18/25)(a)(b)	EUR	100		87,116
Cidron Aida Finco Sarl, 5.00%, 04/01/28 (Call 04/01/24)(a)	EUR	100		89,841
Deuce Finco PLC, 5.50%, 06/15/27 (Call 06/15/23)(a)	GBP	100		102,558
eG Global Finance PLC, 4.38%, 02/07/25 (Call 08/30/22)(a)	EUR	100		93,130
Heathrow Finance PLC, 4.38%, 03/01/27(a)(g)	GBP	100		101,843

3

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

Security		Par (000)	Value
United Kingdom (continued)
INEOS Styrolution Group GmbH, 2.25%, 01/16/27 (Call 01/15/23)(a)	EUR	100	$	83,368
Jaguar Land Rover Automotive PLC
2.20%, 01/15/24(a)	EUR	100		94,805
4.50%, 01/15/26 (Call 10/15/25)(a)	EUR	150		129,555
4.50%, 07/15/28 (Call 07/15/24)(a)	EUR	100		76,218
Jerrold Finco PLC, 5.25%, 01/15/27 (Call 01/15/23)(a)	GBP	100		107,005
Market Bidco Finco PLC, 5.50%, 11/04/27 (Call 11/04/24)(a)	GBP	100		100,773
Marks & Spencer PLC, 6.00%, 06/12/25(a)	GBP	100		119,055
Motion Finco Sarl, 7.00%, 05/15/25 (Call 08/29/22)(a)	EUR	100		98,795
NGG Finance PLC
1.63%, 12/05/79 (Call 09/05/24)(a)(b)	EUR	100		93,530
2.13%, 09/05/82 (Call 06/05/27)(a)	EUR	100		85,055
5.63%, 06/18/73 (Call 06/18/25)(a)(b)	GBP	100		116,436
Pinewood Finance Co. Ltd., 3.63%, 11/15/27 (Call 11/15/23)(a)	GBP	175		179,977
Pinnacle Bidco PLC, 5.50%, 02/15/25 (Call 08/30/22)(a)	EUR	100		95,782
Rolls-Royce PLC
0.88%, 05/09/24 (Call 02/09/24)(a)	EUR	100		97,746
4.63%, 02/16/26 (Call 11/16/25)(a)	EUR	100		99,425
5.75%, 10/15/27 (Call 07/15/27)(a)	GBP	100		114,431
Sherwood Financing PLC, 4.50%, 11/15/26 (Call 11/15/23)(a)	EUR	100		84,446
Stonegate Pub Co. Financing 2019 PLC, 8.25%, 07/31/25 (Call 08/30/22)(a)	GBP	200		229,689
Thames Water Utilities Finance PLC, 2.88%, 05/03/27(a)	GBP	100		114,150
Virgin Media Secured Finance PLC
4.13%, 08/15/30 (Call 08/15/25)(a)	GBP	100		104,084
4.25%, 01/15/30 (Call 10/15/24)(a)	GBP	100		104,804
5.00%, 04/15/27 (Call 08/08/22)(a)	GBP	100		114,972
Vmed O2 UK Financing I PLC
3.25%, 01/31/31 (Call 01/31/26)(a)	EUR	100		86,769
4.00%, 01/31/29 (Call 01/31/24)(a)	GBP	100		106,160
4.50%, 07/15/31 (Call 07/15/26)(a)	GBP	100		105,122
Vodafone Group PLC
2.63%, 08/27/80 (Call 05/27/26)(a)(b)	EUR	200		188,044
3.10%, 01/03/79 (Call 10/03/23)(a)(b)	EUR	200		199,260
				4,069,212
United States — 17.6%
Adient Global Holdings Ltd., 3.50%, 08/15/24 (Call 05/15/24)(a)	EUR	111		107,991
Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl, 3.63%, 06/01/28 (Call 06/01/24)(a)	EUR	100		84,568
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 2.00%, 09/01/28 (Call 05/15/24)(a)	EUR	100		89,131
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc., 2.13%, 08/15/26 (Call 08/29/22)(a)	EUR	100		86,298
Ashland Services BV, 2.00%, 01/30/28 (Call 11/01/27)(a)	EUR	100		87,330
Autostrade per l’Italia SpA, 2.00%, 01/15/30 (Call 10/15/29)(a)	EUR	200		171,315
Avantor Funding Inc., 2.63%, 11/01/25 (Call 11/01/22)(a)	EUR	100		100,046
Avis Budget Finance PLC, 4.13%, 11/15/24 (Call 08/30/22)(a)	EUR	100		99,178
Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25 (Call 08/08/22)(a)	EUR	100		95,614
Ball Corp.
0.88%, 03/15/24 (Call 12/15/23)	EUR	100		100,028
4.38%, 12/15/23	EUR	100		104,837
Banco BPM SpA, 1.75%, 01/28/25(a)	EUR	100		97,458
Banco Comercial Portugues SA, 1.75%, 04/07/28 (Call 04/07/27)(a)(b)	EUR	100		80,177
Banco de Sabadell SA, 1.13%, 03/27/25(a)	EUR	100		96,161
Bayer AG, 5.38%, 03/25/82 (Call 06/25/30)(a)(b)	EUR	100		94,471
Belden Inc., 3.88%, 03/15/28 (Call 03/15/23)(a)	EUR	150		142,297

Security		Par (000)	Value
United States (continued)
Boxer Parent Co. Inc., 6.50%, 10/02/25 (Call 08/29/22)(a)	EUR	100	$	98,768
Carnival PLC, 1.00%, 10/28/29 (Call 07/28/29)	EUR	100		57,948
Catalent Pharma Solutions Inc., 2.38%, 03/01/28 (Call 03/01/23)(a)	EUR	150		133,369
Cheplapharm Arzneimittel GmbH, 4.38%, 01/15/28 (Call 01/15/24)(a)	EUR	150		136,916
Constellium SE, 3.13%, 07/15/29 (Call 07/15/24)(a)	EUR	100		80,093
Coty Inc., 3.88%, 04/15/26 (Call 04/15/23)(a)	EUR	100		97,543
Crown European Holdings SA, 2.88%, 02/01/26 (Call 08/01/25)(a)	EUR	100		97,506
Darling Global Finance BV, 3.63%, 05/15/26 (Call 08/08/22)(a)	EUR	100		96,553
Deutsche Lufthansa AG, 2.88%, 02/11/25 (Call 01/11/25)(a)	EUR	200		192,464
Encore Capital Group Inc., 5.38%, 02/15/26 (Call 11/15/22)(a)	GBP	100		114,209
Faurecia SE, 2.38%, 06/15/27 (Call 06/15/23)(a)	EUR	100		83,780
Ford Credit Canada Co, 2.96%, 09/16/26 (Call 08/16/26)	CAD	100		68,007
Ford Credit Canada Co.
3.50%, 11/30/23	CAD	50		37,861
4.46%, 11/13/24	CAD	50		37,784
Ford Motor Credit Co. LLC
1.36%, 02/07/25	EUR	100		95,667
1.74%, 07/19/24	EUR	100		98,555
2.39%, 02/17/26	EUR	125		119,556
2.75%, 06/14/24	GBP	100		114,254
3.02%, 03/06/24	EUR	100		101,747
3.25%, 09/15/25	EUR	100		99,665
Hanesbrands Finance Luxembourg SCA, 3.50%, 06/15/24 (Call 03/15/24)(a)	EUR	100		95,763
INEOS Quattro Finance 2 PLC, 2.50%, 01/15/26 (Call 01/15/23)(a)	EUR	100		91,909
International Game Technology PLC, 3.50%, 06/15/26 (Call 08/30/22)(a)	EUR	150		145,885
IQVIA Inc.
1.75%, 03/15/26 (Call 03/15/23)(a)	EUR	100		96,103
2.25%, 01/15/28 (Call 08/29/22)(a)	EUR	150		138,397
2.25%, 03/15/29 (Call 03/15/24)(a)	EUR	100		88,577
Iron Mountain UK PLC, 3.88%, 11/15/25 (Call 08/08/22)(a)	GBP	100		108,917
Levi Strauss & Co., 3.38%, 03/15/27 (Call 08/08/22)	EUR	100		98,131
MPT Operating Partnership LP/MPT Finance Corp.
2.50%, 03/24/26 (Call 02/24/26)	GBP	200		216,306
3.38%, 04/24/30 (Call 01/24/30)	GBP	100		98,840
National Bank of Greece SA, 2.75%, 10/08/26 (Call 10/08/25)(a)(b)	EUR	100		91,079
Nexi SpA, 1.75%, 10/31/24 (Call 07/31/24)(a)	EUR	100		97,170
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29 (Call 04/15/24)(a)	EUR	100		85,416
OI European Group BV, 3.13%, 11/15/24 (Call 08/15/24)(a)	EUR	100		96,669
Olympus Water U.S. Holding Corp., 3.88%, 10/01/28 (Call 10/01/24)(a)	EUR	100		82,646
Organon & Co./Organon Foreign Debt Co-Issuer BV., 2.88%, 04/30/28 (Call 04/30/24)(a)	EUR	100		92,870
Sealed Air Corp., 4.50%, 09/15/23 (Call 06/15/23)(a)	EUR	100		103,470
Silgan Holdings Inc., 3.25%, 03/15/25 (Call 08/29/22)	EUR	100		100,118
Standard Industries Inc./NJ, 2.25%, 11/21/26 (Call 08/21/26)(a)	EUR	100		85,575
Vodafone Group PLC, 3.00%, 08/27/80 (Call 05/27/30)(a)(b)	EUR	150		126,451
WMG Acquisition Corp., 2.25%, 08/15/31 (Call 08/15/26)(a)	EUR	100		83,212
ZF Europe Finance BV, 3.00%, 10/23/29 (Call 07/23/29)(a)	EUR	100		84,155
Ziggo Bond Co. BV, 3.38%, 02/28/30 (Call 02/15/25)(a)	EUR	150		118,913
				6,025,717
Total Corporate Bonds & Notes — 98.1%
(Cost: $42,370,467)				33,565,324

4

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

Security	Shares (000)			Value
Common Stocks
South Africa — 0.0%
Sentry Holdings Ltd. Class A		0	(h)	$	—
Total Common Stocks — 0.0%
(Cost: $159,437)					—
Total Long-Term Investments — 98.1%
(Cost: $42,529,904)					33,565,324
Short-Term Securities
Money Market Funds — 0.0%
BlackRock Cash Funds: Treasury, SL Agency Shares, 1.81%(i)(j)		10			10,000
Total Short-Term Securities — 0.0%
(Cost: $10,000)					10,000
Total Investments in Securities — 98.1%
(Cost: $42,539,904)					33,575,324
Other Assets Less Liabilities — 1.9%					646,989
Net Assets — 100.0%				$	34,222,313

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

^(b) 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.

^(c) 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.

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

^(e) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(f) Non-income producing security.

^(g) 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.

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

⁽ⁱ⁾ Affiliate of the Fund.

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

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: Treasury, SL Agency Shares	$	20,000	$	—	$	(10,000	)(a)	$	—	$	—	$	10,000	10	$	16	$	—

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

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 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.

5

Schedule of Investments (unaudited) (continued)	iShares® International High Yield Bond ETF
July 31, 2022

Fair Value Hierarchy as of Period End (continued)

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	$	—	$	33,565,324	$	—	$	33,565,324
Common Stocks		—		—		—		—
Money Market Funds		10,000		—		—		10,000
	$	10,000	$	33,565,324	$	—	$	33,575,324

Portfolio Abbreviations - Fixed Income

CAB Capital Appreciation Bonds

Currency Abbreviations

CAD	Canadian Dollar
EUR	Euro
GBP	British Pound

6