NPORT-EX 2 NPORT_0BXF_11546671_0123.htm

 

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