Schedule of Investments (unaudited)	iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
Foreign Government Obligations
Brazil — 4.5%
Brazil Letras do Tesouro Nacional
0.00%, 01/01/24(a)	BRL		36,102	$	6,342,013
0.00%, 07/01/24(a)	BRL		12,097		2,003,760
0.00%, 07/01/25(a)	BRL		14,878		2,192,386
0.00%, 01/01/26(a)	BRL		22,600		3,123,539
Brazil Notas do Tesouro Nacional
Series F, 10.00%, 01/01/25	BRL		12,925		2,431,649
Series F, 10.00%, 01/01/29	BRL		11,040		1,921,990
Series F, 10.00%, 01/01/31	BRL		5,000		844,734
Brazil Notas do Tesouro Nacional Serie F
10.00%, 01/01/33	BRL		1,974		325,529
Series F, 10.00%, 01/01/27	BRL		14,829		2,683,690
Brazilian Government International Bond
8.50%, 01/05/24	BRL		500		94,526
10.25%, 01/10/28	BRL		1,420		261,068
					22,224,884
Chile — 4.5%
Bonos de la Tesoreria de la Republica en pesos
2.30%, 10/01/28(b)(c)	CLP		780,000		830,981
2.50%, 03/01/25	CLP		4,275,000		4,950,052
4.50%, 03/01/26	CLP		2,680,000		3,222,611
4.70%, 09/01/30(b)(c)	CLP		2,975,000		3,549,343
5.00%, 10/01/28(b)(c)	CLP		1,075,000		1,316,440
5.00%, 03/01/35	CLP		3,125,000		3,770,770
6.00%, 01/01/43	CLP		2,620,000		3,516,912
7.00%, 05/01/34(b)	CLP		760,000		1,088,402
					22,245,511
China — 14.5%
China Government Bond
1.99%, 04/09/25	CNY		14,060		2,059,974
2.18%, 08/25/25	CNY		9,830		1,442,808
2.24%, 05/25/25	CNY		8,340		1,227,585
2.26%, 02/24/25	CNY		8,150		1,201,435
2.28%, 11/25/25	CNY		10,840		1,593,063
2.37%, 01/20/27	CNY		9,050		1,324,085
2.44%, 10/15/27	CNY		8,660		1,267,210
2.47%, 09/02/24	CNY		13,510		2,002,203
2.48%, 04/15/27	CNY		7,750		1,137,162
2.50%, 07/25/27	CNY		12,100		1,774,736
2.60%, 09/01/32.	CNY		8,240		1,185,157
2.62%, 09/25/29	CNY		9,330		1,359,864
2.68%, 05/21/30	CNY		14,870		2,170,073
2.69%, 08/12/26	CNY		12,400		1,840,492
2.69%, 08/15/32	CNY		9,470		1,372,858
2.75%, 06/15/29	CNY		9,040		1,330,930
2.75%, 02/17/32	CNY		9,340		1,361,339
2.76%, 05/15/32	CNY		8,120		1,184,144
2.79%, 12/15/29	CNY		7,270		1,070,427
2.80%, 03/24/29	CNY		9,140		1,352,026
2.80%, 11/15/32	CNY		5,130		751,597
2.84%, 04/08/24	CNY		12,950		1,931,029
2.85%, 06/04/27	CNY		14,170		2,109,778
2.88%, 11/05/23	CNY		12,900		1,920,786
2.89%, 11/18/31	CNY		6,850		1,013,220
2.91%, 10/14/28	CNY		11,790		1,758,986
2.94%, 10/17/24	CNY		9,960		1,489,894
3.01%, 05/13/28	CNY		12,310		1,845,852
3.02%, 10/22/25	CNY		13,930		2,091,401

Security		Par (000)		Value
China (continued)
3.02%, 05/27/31	CNY		13,270	$	1,986,469
3.03%, 03/11/26	CNY		12,870		1,934,152
3.12%, 12/05/26	CNY		10,590		1,596,565
3.12%, 10/25/52	CNY		3,630		518,575
3.13%, 11/21/29	CNY		12,860		1,943,995
3.19%, 04/11/24	CNY		12,320		1,846,695
3.22%, 12/06/25	CNY		9,140		1,382,551
3.25%, 06/06/26	CNY		12,090		1,830,752
3.25%, 11/22/28	CNY		9,460		1,440,456
3.27%, 11/19/30	CNY		15,390		2,360,947
3.28%, 12/03/27	CNY		14,130		2,154,988
3.29%, 10/18/23	CNY		7,240		1,081,950
3.29%, 05/23/29	CNY		11,120		1,703,433
3.32%, 04/15/52	CNY		6,010		891,631
3.53%, 10/18/51	CNY		6,110		936,841
3.72%, 04/12/51	CNY		7,820		1,240,322
3.81%, 09/14/50	CNY		12,510		2,005,400
					71,025,836
Colombia — 4.2%
Colombia Government International Bond, 9.85%, 06/28/27	COP		745,000		143,980
Colombian TES
9.25%, 05/28/42	COP		7,956,600		1,310,580
Series B, 5.75%, 11/03/27	COP		9,337,100		1,561,713
Series B, 6.00%, 04/28/28	COP		12,168,400		2,016,547
Series B, 6.25%, 11/26/25	COP		8,640,700		1,608,322
Series B, 6.25%, 07/09/36	COP		5,246,700		686,173
Series B, 7.00%, 03/26/31	COP		13,722,600		2,177,811
Series B, 7.00%, 06/30/32	COP		10,632,100		1,624,969
Series B, 7.25%, 10/18/34	COP		12,512,600		1,860,447
Series B, 7.25%, 10/26/50	COP		9,300,000		1,211,918
Series B, 7.50%, 08/26/26	COP		13,403,400		2,508,282
Series B, 7.75%, 09/18/30	COP		9,991,700		1,680,237
Series B, 10.00%, 07/24/24	COP		11,148,800		2,334,289
					20,725,268
Czech Republic — 4.5%
Czech Republic Government Bond
0.00%, 12/12/24(a)	CZK		9,540		394,338
0.05%, 11/29/29	CZK		19,930		664,710
0.25%, 02/10/27	CZK		38,630		1,463,973
0.45%, 10/25/23(c)	CZK		29,310		1,280,498
0.95%, 05/15/30(c)	CZK		36,560		1,287,000
1.00%, 06/26/26(c)	CZK		41,770		1,672,131
1.20%, 03/13/31	CZK		30,850		1,080,408
1.25%, 02/14/25	CZK		31,140		1,307,652
1.50%, 04/24/40	CZK		13,730		388,024
1.75%, 06/23/32	CZK		36,610		1,307,801
2.00%, 10/13/33	CZK		39,980		1,423,085
2.40%, 09/17/25(c)	CZK		36,800		1,559,793
2.50%, 08/25/28(c)	CZK		37,990		1,542,237
2.75%, 07/23/29	CZK		37,500		1,521,204
3.50%, 05/30/35	CZK		8,930		364,789
4.20%, 12/04/36(c)	CZK		19,050		828,142
5.00%, 09/30/30	CZK		19,010		884,965
5.50%, 12/12/28	CZK		17,690		837,048
5.70%, 05/25/24(c)	CZK		22,710		1,038,011
6.00%, 02/26/26	CZK		24,400		1,141,083
					21,986,892

1

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
Dominican Republic — 4.2%
Dominican Republic International Bond, 9.75%, 06/05/26(c)	DOP		1,267,400	$	20,773,244
Egypt — 4.1%
Egypt Government Bond
13.54%, 01/14/25	EGP		21,307		617,426
14.06%, 01/12/26	EGP		124,884		3,470,430
14.29%, 01/05/28	EGP		48,756		1,277,624
14.35%, 09/10/24	EGP		26,886		804,938
14.37%, 10/20/25	EGP		117,682		3,328,391
14.40%, 09/10/29	EGP		22,306		561,288
14.48%, 04/06/26	EGP		110,489		3,042,063
14.53%, 09/14/24	EGP		80,754		2,424,807
14.56%, 07/06/26	EGP		47,947		1,321,896
14.56%, 10/13/27	EGP		76,013		2,031,028
14.66%, 10/06/30	EGP		29,769		742,035
16.10%, 05/07/29	EGP		25,844		704,207
					20,326,133
Hungary — 4.4%
Hungary Government Bond
1.00%, 11/26/25	HUF		836,230		1,816,074
1.50%, 04/22/26	HUF		657,370		1,418,682
1.50%, 08/26/26	HUF		446,820		940,519
2.00%, 05/23/29	HUF		518,050		1,020,592
2.25%, 04/20/33	HUF		677,030		1,155,042
2.25%, 06/22/34	HUF		219,350		357,726
2.50%, 10/24/24	HUF		672,950		1,598,322
2.75%, 12/22/26	HUF		537,790		1,171,862
3.00%, 06/26/24	HUF		500,060		1,230,826
3.00%, 10/27/27	HUF		656,860		1,411,728
3.00%, 08/21/30	HUF		593,890		1,185,077
3.00%, 10/27/38	HUF		468,020		751,200
3.00%, 04/25/41	HUF		334,390		512,904
3.25%, 10/22/31	HUF		833,650		1,640,899
4.50%, 03/23/28	HUF		355,340		814,335
4.75%, 11/24/32	HUF		371,410		807,334
5.50%, 06/24/25	HUF		643,180		1,581,254
6.00%, 11/24/23	HUF		464,910		1,217,414
6.75%, 10/22/28	HUF		443,150		1,125,864
					21,757,654
Indonesia — 4.5%
Indonesia Treasury Bond
5.13%, 04/15/27	IDR		12,531,000		802,101
5.50%, 04/15/26	IDR		14,867,000		970,759
6.13%, 05/15/28	IDR		12,019,000		789,774
6.25%, 06/15/36	IDR		5,099,000		322,336
6.38%, 08/15/28	IDR		5,193,000		346,339
6.38%, 04/15/32	IDR		18,110,000		1,181,318
6.38%, 07/15/37	IDR		1,705,000		109,502
6.50%, 06/15/25	IDR		14,503,000		973,452
6.50%, 02/15/31	IDR		18,282,000		1,204,783
6.63%, 05/15/33	IDR		8,601,000		566,504
7.00%, 05/15/27	IDR		10,003,000		683,050
7.00%, 09/15/30	IDR		15,818,000		1,075,286
7.00%, 02/15/33	IDR		8,661,000		589,508
7.13%, 06/15/42	IDR		12,506,000		847,771
7.13%, 06/15/43	IDR		1,508,000		102,616
7.50%, 08/15/32	IDR		4,501,000		315,079
7.50%, 06/15/35	IDR		11,246,000		788,174
7.50%, 05/15/38	IDR		6,695,000		468,199

Security		Par (000)		Value
Indonesia (continued)
7.50%, 04/15/40	IDR		11,397,000	$	795,254
8.13%, 05/15/24	IDR		8,563,000		585,223
8.25%, 05/15/29	IDR		9,054,000		653,685
8.25%, 06/15/32	IDR		3,270,000		239,877
8.25%, 05/15/36	IDR		8,623,000		639,437
8.38%, 03/15/24	IDR		11,924,000		814,821
8.38%, 09/15/26	IDR		11,889,000		844,682
8.38%, 03/15/34	IDR		13,302,000		986,482
8.38%, 04/15/39	IDR		6,447,000		485,804
8.75%, 05/15/31	IDR		7,582,000		569,029
9.00%, 03/15/29	IDR		8,336,000		623,832
9.50%, 07/15/31	IDR		2,585,000		201,765
10.50%, 08/15/30	IDR		2,359,000		192,387
11.00%, 09/15/25	IDR		2,856,000		211,580
Perusahaan Penerbit SBSN Indonesia
4.88%, 07/15/26	IDR		4,867,000		309,071
6.38%, 03/15/34	IDR		7,282,000		456,068
6.63%, 10/15/24	IDR		6,528,000		437,724
8.25%, 09/15/23	IDR		5,370,000		363,900
8.88%, 11/15/31	IDR		5,023,000		376,312
					21,923,484
Malaysia — 4.4%
Malaysia Government Bond
2.63%, 04/15/31	MYR		2,404		516,169
3.48%, 06/14/24	MYR		2,682		630,898
3.50%, 05/31/27	MYR		2,045		477,636
3.58%, 07/15/32	MYR		2,356		541,741
3.73%, 06/15/28	MYR		3,010		707,250
3.76%, 05/22/40	MYR		3,546		786,650
3.83%, 07/05/34	MYR		2,773		637,918
3.88%, 03/14/25	MYR		2,808		664,158
3.89%, 08/15/29	MYR		2,527		595,740
3.90%, 11/30/26	MYR		3,133		743,885
3.90%, 11/16/27	MYR		4,027		956,643
3.91%, 07/15/26	MYR		1,647		391,064
3.96%, 09/15/25	MYR		3,976		942,981
4.06%, 09/30/24	MYR		1,221		289,957
4.07%, 06/15/50	MYR		4,102		916,244
4.18%, 07/15/24	MYR		1,373		326,108
4.25%, 05/31/35	MYR		2,642		629,627
4.50%, 04/30/29	MYR		2,323		567,796
4.70%, 10/15/42	MYR		1,953		487,825
4.76%, 04/07/37	MYR		3,493		873,399
4.89%, 06/08/38	MYR		1,894		485,769
Malaysia Government Investment Issue
3.42%, 09/30/27	MYR		3,644		847,216
3.45%, 07/15/36	MYR		2,694		590,334
3.47%, 10/15/30	MYR		3,930		895,145
3.66%, 10/15/24	MYR		3,131		737,083
3.73%, 03/31/26	MYR		3,105		732,979
3.99%, 10/15/25	MYR		3,519		836,385
4.09%, 11/30/23	MYR		1,591		375,615
4.13%, 08/15/25	MYR		1,522		362,404
4.13%, 07/09/29	MYR		3,004		715,136
4.19%, 10/07/32	MYR		2,347		560,435
4.26%, 07/26/27	MYR		1,715		412,513
4.37%, 10/31/28	MYR		3,718		900,879
Malaysia Investment Issue Bond, 4.42%, 09/30/41	MYR		2,549		611,664
					21,747,246

2

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
Mexico — 4.5%
Mexican Bonos
5.00%, 03/06/25	MXN		14,270	$	687,477
5.50%, 03/04/27	MXN		20,900		978,273
Series M, 5.75%, 03/05/26	MXN		51,629		2,485,571
Series M, 7.75%, 05/29/31	MXN		52,400		2,625,733
Series M, 7.75%, 11/23/34	MXN		10,400		513,893
Series M, 7.75%, 11/13/42	MXN		29,653		1,419,973
Series M, 8.00%, 12/07/23	MXN		25,715		1,333,838
Series M, 8.00%, 09/05/24	MXN		39,572		2,033,186
Series M, 8.00%, 11/07/47	MXN		31,186		1,524,189
Series M 20, 7.50%, 06/03/27	MXN		41,994		2,118,237
Series M 20, 8.50%, 05/31/29	MXN		30,316		1,592,572
Series M 20, 10.00%, 12/05/24	MXN		27,197		1,445,193
Series M 30, 8.50%, 11/18/38	MXN		29,163		1,511,669
Series M 30, 10.00%, 11/20/36	MXN		8,523		500,276
Mexico Bonos
7.50%, 05/26/33	MXN		12,057		587,563
8.00%, 07/31/53	MXN		11,496		558,525
					21,916,168
Peru — 4.2%
Peru Government Bond
5.35%, 08/12/40	PEN		6,144		1,177,091
5.40%, 08/12/34	PEN		8,514		1,764,572
5.70%, 08/12/24	PEN		4,213		1,070,726
5.94%, 02/12/29	PEN		12,228		2,889,284
6.15%, 08/12/32	PEN		12,719		2,890,693
6.35%, 08/12/28	PEN		11,507		2,806,056
6.90%, 08/12/37	PEN		12,533		2,894,253
6.95%, 08/12/31	PEN		12,542		3,057,136
8.20%, 08/12/26	PEN		8,524		2,285,645
					20,835,456
Philippines — 4.4%
Philippine Government International Bond, 6.25%, 01/14/36	PHP		1,247,000		21,400,905
Poland — 4.5%
Republic of Poland Government Bond
0.25%, 10/25/26	PLN		7,769		1,456,322
0.75%, 04/25/25	PLN		7,300		1,506,210
1.25%, 10/25/30	PLN		8,560		1,417,517
1.75%, 04/25/32	PLN		8,112		1,324,715
2.25%, 10/25/24	PLN		9,164		1,986,136
2.50%, 04/25/24	PLN		7,729		1,710,222
2.50%, 07/25/26	PLN		10,867		2,234,613
2.50%, 07/25/27	PLN		7,559		1,516,110
2.75%, 04/25/28	PLN		8,798		1,742,864
2.75%, 10/25/29	PLN		11,381		2,176,517
3.25%, 07/25/25	PLN		9,097		1,964,706
3.75%, 05/25/27	PLN		8,262		1,751,105
4.00%, 10/25/23	PLN		5,603		1,278,483
					22,065,520
Romania — 4.4%
Romania Government Bond
2.50%, 10/25/27	RON		5,620		1,006,022
3.25%, 04/29/24	RON		5,660		1,196,704
3.25%, 06/24/26	RON		5,805		1,127,389
3.50%, 11/25/25	RON		2,430		488,742
3.65%, 07/28/25	RON		6,550		1,336,834
3.65%, 09/24/31	RON		7,410		1,258,009

Security		Par (000)		Value
Romania (continued)
3.70%, 11/25/24	RON		6,155	$	1,284,887
4.00%, 10/25/23	RON		5,320		1,150,916
4.15%, 01/26/28	RON		5,485		1,048,979
4.15%, 10/24/30	RON		6,110		1,103,966
4.40%, 09/25/23	RON		4,895		1,064,030
4.50%, 06/17/24	RON		5,675		1,213,573
4.75%, 02/24/25	RON		6,200		1,310,692
4.75%, 10/11/34	RON		5,825		1,013,280
4.85%, 04/22/26	RON		6,020		1,237,172
4.85%, 07/25/29	RON		4,925		947,090
5.00%, 02/12/29	RON		5,985		1,168,208
5.80%, 07/26/27	RON		6,750		1,401,883
6.70%, 02/25/32	RON		5,585		1,175,779
					21,534,155
Serbia — 4.3%
Serbia Treasury Bonds
4.50%, 01/11/26	RSD		853,040		7,546,928
4.50%, 08/20/32	RSD		889,240		6,828,436
5.88%, 02/08/28	RSD		772,500		6,968,566
					21,343,930
South Africa — 4.3%
Republic of South Africa Government Bond
6.25%, 03/31/36	ZAR		19,712		763,640
6.50%, 02/28/41	ZAR		15,914		580,882
7.00%, 02/28/31	ZAR		26,012		1,242,309
8.00%, 01/31/30	ZAR		52,951		2,786,752
8.25%, 03/31/32	ZAR		45,619		2,303,930
8.50%, 01/31/37	ZAR		40,317		1,879,109
8.75%, 01/31/44	ZAR		36,156		1,638,356
8.75%, 02/28/48	ZAR		62,108		2,818,875
8.88%, 02/28/35	ZAR		41,195		2,042,963
9.00%, 01/31/40	ZAR		28,650		1,357,121
10.50%, 12/21/26	ZAR		61,504		3,806,716
					21,220,653
Thailand — 4.5%
Thailand Government Bond
0.75%, 06/17/24	THB		34,307		1,026,300
0.75%, 09/17/24	THB		39,843		1,188,139
0.95%, 06/17/25	THB		36,119		1,072,984
1.00%, 06/17/27	THB		46,065		1,335,306
1.45%, 12/17/24	THB		40,897		1,231,571
1.59%, 12/17/35	THB		32,022		848,508
1.60%, 12/17/29	THB		31,441		911,989
1.60%, 06/17/35	THB		13,217		352,347
2.00%, 12/17/31	THB		53,831		1,573,162
2.00%, 06/17/42	THB		20,662		526,174
2.13%, 12/17/26	THB		35,562		1,084,380
2.35%, 06/17/26	THB		13,022		401,143
2.40%, 12/17/23	THB		24,807		759,249
2.65%, 06/17/28	THB		22,184		687,790
2.88%, 12/17/28	THB		23,894		751,664
2.88%, 06/17/46	THB		28,570		814,106
3.30%, 06/17/38	THB		42,713		1,344,081
3.35%, 06/17/33	THB		11,954		388,274
3.39%, 06/17/37	THB		6,295		202,797
3.40%, 06/17/36	THB		32,492		1,045,827
3.65%, 06/20/31	THB		31,281		1,029,947
3.78%, 06/25/32	THB		36,169		1,211,089
3.85%, 12/12/25	THB		30,573		978,561

3

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
Thailand (continued)
4.88%, 06/22/29	THB		32,614	$	1,141,762
					21,907,150
Turkey — 4.3%
Turkey Government Bond
8.00%, 03/12/25	TRY		26,844		1,387,925
9.00%, 07/24/24	TRY		34,454		1,807,037
10.40%, 03/20/24	TRY		13,422		716,439
10.50%, 08/11/27	TRY		33,750		1,819,451
10.60%, 02/11/26	TRY		49,067		2,638,663
11.00%, 02/24/27	TRY		29,710		1,598,467
11.70%, 11/13/30	TRY		75,362		4,820,022
12.40%, 03/08/28	TRY		19,586		1,191,243
12.60%, 10/01/25	TRY		84,081		4,894,863
					20,874,110
Uruguay — 4.5%
Uruguay Government International Bond
8.25%, 05/21/31	UYU		570,753		13,232,912
8.50%, 03/15/28(c)	UYU		359,779		8,685,560
					21,918,472
Total Investments — 97.7%
(Cost: $537,356,244)					479,752,671
Other Assets Less Liabilities — 2.3%					11,420,287
Net Assets — 100.0%				$	491,172,958

^(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.

Affiliated Issuer	Value at 10/31/22		Purchases at Cost		Proceeds from Sale			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 01/31/23		Shares Held at 01/31/23 (000)		Income		Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Treasury, SL Agency Shares(a)	$	440,000	$	—	$	(440,000	)(b)	$	—	$	—	$	—		—	$	10,974	$	5

^(a) As of period end, the entity is no longer held.

^(b) 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 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 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.

4

Schedule of Investments (unaudited) (continued)	iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2023

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
Assets
Investments
Long-Term Investments
Foreign Government Obligations	$	—	$	479,752,671	$	—	$	479,752,671

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

5