NPORT-EX 2 NPORT_0BXF_15574305_0723.htm

 

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

  

Security  Par
(000)		   Value 
           
Foreign Government Obligations           
            
Brazil — 4.6%           
Brazil Letras do Tesouro Nacional           
0.00%, 07/01/24(a)  BRL 14,097   $2,702,974 
0.00%, 07/01/25(a)  BRL 18,378    3,223,415 
0.00%, 01/01/26(a)  BRL 23,951    4,005,452 
0.00%, 07/01/26(a)  BRL 27,713    4,417,749 
Brazil Notas do Tesouro Nacional           
Series F, 10.00%, 01/01/25  BRL 17,704    3,709,398 
Series F, 10.00%, 01/01/29  BRL 15,565    3,218,131 
Series F, 10.00%, 01/01/31  BRL 6,000    1,225,372 
Brazil Notas do Tesouro Nacional Serie F           
10.00%, 01/01/33  BRL 6,770    1,366,759 
Series F, 10.00%, 01/01/27  BRL 19,012    3,992,336 
Brazilian Government International Bond, 10.25%, 01/10/28  BRL 1,420    292,264 
          28,153,850 
Chile — 4.3%           
Bonos de la Tesoreria de la Republica en pesos           
2.30%, 10/01/28(b)(c)  CLP 780,000    807,819 
2.50%, 03/01/25  CLP 4,545,000    5,142,135 
4.50%, 03/01/26  CLP 2,980,000    3,486,149 
4.70%, 09/01/30(b)(c)  CLP 3,265,000    3,753,614 
5.00%, 10/01/28(b)(c)  CLP 1,400,000    1,647,202 
5.00%, 03/01/35  CLP 3,410,000    3,985,238 
6.00%, 04/01/33(b)  CLP 2,190,000    2,750,013 
6.00%, 01/01/43  CLP 3,020,000    3,968,238 
7.00%, 05/01/34(b)  CLP 760,000    1,026,494 
          26,566,902 
China — 15.0%           
China Government Bond           
1.99%, 04/09/25  CNY 17,900    2,497,668 
2.18%, 08/25/25  CNY 12,100    1,692,037 
2.24%, 05/25/25  CNY 10,420    1,460,546 
2.26%, 02/24/25  CNY 10,630    1,490,192 
2.28%, 11/25/25  CNY 10,900    1,527,055 
2.37%, 01/20/27  CNY 10,780    1,507,943 
2.44%, 10/15/27  CNY 10,070    1,409,397 
2.46%, 02/15/26  CNY 7,260    1,021,108 
2.47%, 09/02/24  CNY 16,870    2,372,863 
2.48%, 04/15/27  CNY 9,170    1,287,694 
2.50%, 07/25/27  CNY 13,830    1,941,403 
2.60%, 09/01/32  CNY 11,100    1,537,131 
2.62%, 04/15/28  CNY 3,740    526,713 
2.62%, 09/25/29  CNY 11,430    1,598,382 
2.64%, 01/15/28  CNY 12,810    1,804,864 
2.68%, 05/21/30  CNY 18,770    2,632,255 
2.69%, 08/12/26  CNY 15,620    2,211,272 
2.69%, 08/15/32  CNY 12,310    1,719,142 
2.75%, 06/15/29  CNY 12,190    1,748,288 
2.75%, 02/17/32  CNY 11,810    1,655,582 
2.76%, 05/15/32  CNY 10,960    1,539,210 
2.79%, 12/15/29  CNY 12,480    1,762,563 
2.80%, 03/24/29  CNY 11,240    1,593,089 
2.80%, 03/25/30  CNY 13,560    1,915,527 
2.80%, 11/15/32  CNY 10,260    1,449,042 
2.84%, 04/08/24  CNY 15,420    2,172,936 
2.85%, 06/04/27  CNY 17,920    2,550,487 
2.88%, 02/25/33  CNY 12,210    1,736,184 
2.89%, 11/18/31  CNY 8,850    1,255,770 
Security  Par
(000)		   Value 
           
China (continued)           
2.91%, 10/14/28  CNY 11,790   $1,682,894 
2.94%, 10/17/24  CNY 11,340    1,605,327 
3.01%, 05/13/28  CNY 15,420    2,213,174 
3.02%, 10/22/25  CNY 17,910    2,554,591 
3.02%, 05/27/31  CNY 15,750    2,264,004 
3.03%, 03/11/26  CNY 14,950    2,138,267 
3.12%, 12/05/26  CNY 10,590    1,523,804 
3.12%, 10/25/52  CNY 7,490    1,059,957 
3.13%, 11/21/29  CNY 12,860    1,861,930 
3.19%, 04/11/24  CNY 14,780    2,088,232 
3.19%, 04/15/53  CNY 2,740    395,242 
3.22%, 12/06/25  CNY 10,860    1,558,311 
3.25%, 06/06/26  CNY 14,170    2,042,820 
3.25%, 11/22/28  CNY 8,150    1,185,934 
3.27%, 11/19/30  CNY 17,770    2,608,023 
3.28%, 12/03/27  CNY 15,830    2,301,064 
3.29%, 05/23/29  CNY 14,100    2,060,261 
3.32%, 04/15/52  CNY 7,680    1,126,402 
3.53%, 10/18/51  CNY 6,110    929,217 
3.72%, 04/12/51  CNY 8,770    1,380,203 
3.81%, 09/14/50  CNY 14,710    2,340,341 
China Government Bonds           
2.30%, 05/15/26  CNY 9,640    1,350,192 
2.46%, 02/15/26  CNY 6,380    897,337 
2.62%, 04/15/28  CNY 9,620    1,354,806 
2.67%, 05/25/33  CNY 8,130    1,136,205 
2.91%, 10/14/28  CNY 1,370    195,553 
3.12%, 12/05/26  CNY 2,050    294,976 
3.19%, 04/15/53  CNY 1,270    183,196 
3.25%, 11/22/28  CNY 2,220    323,040 
3.53%, 10/18/51  CNY 1,310    199,227 
          92,470,873 
Colombia — 4.5%           
Colombia Government International Bond, 9.85%, 06/28/27  COP 745,000    184,219 
Colombia TES, 13.25%, 02/09/33  COP 6,491,900    1,944,838 
Colombian TES           
9.25%, 05/28/42  COP 10,446,500    2,380,335 
Series B, 5.75%, 11/03/27  COP 8,663,700    1,894,701 
Series B, 6.00%, 04/28/28  COP 12,410,500    2,701,246 
Series B, 6.25%, 11/26/25  COP 8,364,700    1,983,976 
Series B, 6.25%, 07/09/36  COP 5,246,700    955,907 
Series B, 7.00%, 03/26/31  COP 11,009,700    2,348,968 
Series B, 7.00%, 06/30/32  COP 11,108,800    2,320,531 
Series B, 7.25%, 10/18/34  COP 10,373,600    2,123,135 
Series B, 7.25%, 10/26/50  COP 9,873,700    1,784,745 
Series B, 7.50%, 08/26/26  COP 12,425,800    2,968,993 
Series B, 7.75%, 09/18/30  COP 9,808,400    2,213,832 
Series B, 10.00%, 07/24/24  COP 6,596,100    1,697,495 
          27,502,921 
Czech Republic — 4.5%           
Czech Republic Government Bond           
0.00%, 12/12/24(a)  CZK 15,510    660,386 
0.05%, 11/29/29  CZK 24,040    854,799 
0.25%, 02/10/27  CZK 45,090    1,786,176 
0.95%, 05/15/30(c)  CZK 44,810    1,676,089 
1.00%, 06/26/26(c)  CZK 42,960    1,778,121 
1.20%, 03/13/31  CZK 41,790    1,562,032 
1.25%, 02/14/25  CZK 39,480    1,705,840 


 1

 

 

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

  

Security  Par
(000)		   Value 
           
Czech Republic (continued)           
1.50%, 04/24/40  CZK 17,060   $525,082 
1.75%, 06/23/32  CZK 41,940    1,603,272 
1.95%, 07/30/37  CZK 11,830    417,681 
2.00%, 10/13/33  CZK 49,150    1,871,836 
2.40%, 09/17/25(c)  CZK 41,400    1,800,383 
2.50%, 08/25/28(c)  CZK 45,100    1,904,121 
2.75%, 07/23/29  CZK 46,890    1,993,335 
3.50%, 05/30/35  CZK 15,750    682,529 
4.20%, 12/04/36(c)  CZK 23,460    1,080,144 
5.00%, 09/30/30  CZK 39,080    1,893,281 
5.50%, 12/12/28  CZK 28,440    1,390,575 
5.70%, 05/25/24(c)  CZK 27,100    1,245,254 
6.00%, 02/26/26  CZK 28,520    1,349,699 
          27,780,635 
Dominican Republic — 4.3%           
Dominican Republic International Bond           
9.75%, 06/05/26(c)  DOP 692,900    12,427,318 
13.63%, 02/03/33 (Call 11/03/32)(c)  DOP 640,100    13,983,828 
          26,411,146 
Egypt — 2.5%           
Egypt Government Bond           
13.54%, 01/14/25  EGP 21,307    474,654 
14.06%, 01/12/26  EGP 147,209    3,095,957 
14.29%, 01/05/28  EGP 48,756    925,683 
14.35%, 09/10/24  EGP 26,886    616,071 
14.37%, 10/20/25  EGP 108,405    2,327,025 
14.40%, 09/10/29  EGP 22,306    391,705 
14.48%, 04/06/26  EGP 110,489    2,302,275 
14.53%, 09/14/24  EGP 80,754    1,859,567 
14.56%, 07/06/26  EGP 47,947    990,433 
14.56%, 10/13/27  EGP 76,013    1,470,558 
14.66%, 10/06/30  EGP 29,769    512,433 
16.10%, 05/07/29  EGP 25,844    492,727 
          15,459,088 
Hungary — 4.3%           
Hungary Government Bond           
1.00%, 11/26/25  HUF 968,390    2,303,293 
1.50%, 04/22/26  HUF 679,210    1,592,486 
1.50%, 08/26/26  HUF 531,080    1,224,495 
2.00%, 05/23/29  HUF 609,410    1,319,803 
2.25%, 04/20/33  HUF 820,360    1,561,306 
2.25%, 06/22/34  HUF 219,350    398,249 
2.50%, 10/24/24  HUF 749,520    1,943,979 
2.75%, 12/22/26  HUF 600,340    1,417,065 
3.00%, 06/26/24  HUF 475,890    1,269,392 
3.00%, 10/27/27  HUF 776,160    1,831,614 
3.00%, 08/21/30  HUF 723,810    1,588,841 
3.00%, 10/27/38  HUF 637,280    1,109,951 
3.00%, 04/25/41  HUF 323,380    530,326 
3.25%, 10/22/31  HUF 1,014,800    2,205,421 
4.50%, 03/23/28  HUF 364,380    910,361 
4.75%, 11/24/32  HUF 653,750    1,540,480 
5.50%, 06/24/25  HUF 708,170    1,870,388 
6.75%, 10/22/28  HUF 635,670    1,736,761 
          26,354,211 
Indonesia — 6.5%           
Indonesia Treasury Bond           
5.13%, 04/15/27  IDR 20,522,000    1,326,853 
5.50%, 04/15/26  IDR 25,666,000    1,678,162 
Security  Par
(000)		   Value 
           
Indonesia (continued)           
6.13%, 05/15/28  IDR 18,346,000   $1,219,620 
6.25%, 06/15/36  IDR 10,306,000    678,980 
6.38%, 08/15/28  IDR 16,791,000    1,132,390 
6.38%, 04/15/32  IDR 33,243,000    2,206,647 
6.38%, 07/15/37  IDR 5,800,000    384,615 
6.50%, 06/15/25  IDR 25,099,000    1,675,208 
6.50%, 02/15/31  IDR 30,756,000    2,053,799 
6.63%, 05/15/33  IDR 15,996,000    1,079,306 
7.00%, 05/15/27  IDR 19,286,000    1,319,198 
7.00%, 09/15/30  IDR 29,945,000    2,057,229 
7.00%, 02/15/33  IDR 26,404,000    1,843,728 
7.13%, 06/15/38  IDR 5,311,000    375,081 
7.13%, 06/15/42  IDR 21,192,000    1,478,598 
7.13%, 06/15/43  IDR 5,585,000    395,162 
7.50%, 08/15/32  IDR 8,559,000    610,141 
7.50%, 06/15/35  IDR 20,582,000    1,480,867 
7.50%, 05/15/38  IDR 12,915,000    933,511 
7.50%, 04/15/40  IDR 22,676,000    1,627,770 
8.13%, 05/15/24  IDR 13,613,000    916,711 
8.25%, 05/15/29  IDR 18,948,000    1,380,892 
8.25%, 06/15/32  IDR 5,264,000    392,706 
8.25%, 05/15/36  IDR 16,128,000    1,229,920 
8.38%, 03/15/24  IDR 22,375,000    1,503,042 
8.38%, 09/15/26  IDR 19,144,000    1,353,918 
8.38%, 03/15/34  IDR 24,690,000    1,881,221 
8.38%, 04/15/39  IDR 10,195,000    791,667 
8.75%, 05/15/31  IDR 11,424,000    867,406 
9.00%, 03/15/29  IDR 17,789,000    1,337,714 
9.50%, 07/15/31  IDR 4,603,000    363,997 
10.50%, 08/15/30  IDR 4,112,000    336,077 
11.00%, 09/15/25  IDR 6,128,000    445,172 
Perusahaan Penerbit SBSN Indonesia           
4.88%, 07/15/26  IDR 4,867,000    312,074 
6.38%, 03/15/34  IDR 9,639,000    639,651 
6.63%, 10/15/24  IDR 6,528,000    434,010 
8.88%, 11/15/31  IDR 5,023,000    385,118 
          40,128,161 
Malaysia — 4.6%           
Malaysia Government Bond           
2.63%, 04/15/31  MYR 3,143    640,122 
3.48%, 06/14/24  MYR 2,682    596,345 
3.50%, 05/31/27  MYR 2,960    654,909 
3.58%, 07/15/32  MYR 3,506    760,287 
3.73%, 06/15/28  MYR 3,848    855,683 
3.76%, 05/22/40  MYR 4,510    960,463 
3.83%, 07/05/34  MYR 2,773    608,393 
3.88%, 03/14/25  MYR 2,808    628,160 
3.89%, 08/15/29  MYR 3,428    765,982 
3.90%, 11/30/26  MYR 4,043    907,276 
3.90%, 11/16/27  MYR 4,027    905,329 
3.91%, 07/15/26  MYR 2,741    615,172 
3.96%, 09/15/25  MYR 4,656    1,044,704 
4.06%, 09/30/24  MYR 1,634    365,122 
4.07%, 06/15/50  MYR 4,102    881,616 
4.18%, 07/15/24  MYR 1,823    407,864 
4.25%, 05/31/35  MYR 2,642    600,043 
4.50%, 04/30/29  MYR 1,473    339,404 
4.70%, 10/15/42  MYR 3,784    903,418 
4.76%, 04/07/37  MYR 4,343    1,035,761 
4.89%, 06/08/38  MYR 3,271    795,399 


 2

 

 

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

 

Security  Par
(000)		   Value 
           
Malaysia (continued)           
4.92%, 07/06/48  MYR 2,595   $634,264 
Malaysia Government Bonds           
3.52%, 04/20/28  MYR 1,714    378,243 
4.46%, 03/31/53  MYR 1,442    333,090 
Malaysia Government Investment Issue           
3.42%, 09/30/27  MYR 4,568    1,005,811 
3.45%, 07/15/36  MYR 3,974    831,376 
3.47%, 10/15/30  MYR 4,871    1,053,547 
3.60%, 07/31/28  MYR 1,461    323,358 
3.66%, 10/15/24  MYR 3,415    760,919 
3.73%, 03/31/26  MYR 3,936    878,036 
3.99%, 10/15/25  MYR 4,312    966,466 
4.07%, 09/30/26  MYR 1,977    445,656 
4.13%, 08/15/25  MYR 2,195    493,936 
4.13%, 07/09/29  MYR 3,004    677,469 
4.19%, 10/07/32  MYR 3,572    811,460 
4.25%, 09/30/30  MYR 2,414    550,487 
4.26%, 07/26/27  MYR 1,715    390,072 
4.29%, 08/14/43  MYR 1,821    410,010 
4.37%, 10/31/28  MYR 3,718    850,390 
4.66%, 03/31/38  MYR 1,505    358,169 
Malaysia Investment Issue Bond, 4.42%, 09/30/41  MYR 3,150    718,108 
          28,142,319 
Mexico — 6.0%           
Mexican Bonos           
5.00%, 03/06/25  MXN 41,731    2,305,120 
5.50%, 03/04/27  MXN 57,474    3,031,296 
7.50%, 05/26/33  MXN 28,290    1,541,683 
8.00%, 07/31/53  MXN 27,940    1,510,957 
Series M, 5.75%, 03/05/26  MXN 74,308    4,044,916 
Series M, 7.75%, 05/29/31  MXN 74,656    4,184,286 
Series M, 7.75%, 11/23/34  MXN 15,827    873,403 
Series M, 7.75%, 11/13/42  MXN 48,998    2,609,861 
Series M, 8.00%, 09/05/24  MXN 54,965    3,183,052 
Series M, 8.00%, 11/07/47  MXN 48,686    2,648,517 
Series M 20, 7.50%, 06/03/27  MXN 59,348    3,344,304 
Series M 20, 8.50%, 05/31/29  MXN 42,716    2,510,041 
Series M 20, 10.00%, 12/05/24  MXN 39,280    2,331,143 
Series M 30, 8.50%, 11/18/38  MXN 34,507    1,996,127 
Series M 30, 10.00%, 11/20/36  MXN 11,723    765,135 
Mexico Bonos, 7.00%, 09/03/26  MXN 7,000    389,663 
          37,269,504 
Peru — 4.5%           
Peru Government Bond           
5.35%, 08/12/40  PEN 6,181    1,459,846 
5.40%, 08/12/34  PEN 10,223    2,542,211 
5.70%, 08/12/24  PEN 3,086    850,223 
5.94%, 02/12/29  PEN 13,156    3,602,583 
6.15%, 08/12/32  PEN 14,570    3,903,984 
6.35%, 08/12/28  PEN 9,222    2,594,345 
6.90%, 08/12/37  PEN 13,099    3,651,379 
6.95%, 08/12/31  PEN 13,392    3,806,245 
7.30%, 08/12/33(b)  PEN 12,366    3,567,080 
8.20%, 08/12/26  PEN 5,129    1,508,653 
          27,486,549 
Poland — 4.5%           
Republic of Poland Government Bond           
0.25%, 10/25/26  PLN 8,748    1,864,277 
0.75%, 04/25/25  PLN 7,723    1,783,386 
Security  Par
(000)		  Value 
           
Poland (continued)           
1.25%, 10/25/30  PLN 9,915   $1,891,639 
1.75%, 04/25/32  PLN 9,609    1,801,545 
2.25%, 10/25/24  PLN 9,873    2,367,558 
2.50%, 04/25/24  PLN 7,252    1,770,432 
2.50%, 07/25/26  PLN 12,156    2,806,078 
2.50%, 07/25/27  PLN 7,559    1,703,811 
2.75%, 04/25/28  PLN 9,258    2,074,750 
2.75%, 10/25/29  PLN 12,693    2,758,450 
3.25%, 07/25/25  PLN 10,159    2,439,514 
3.75%, 05/25/27  PLN 8,262    1,954,940 
7.50%, 07/25/28  PLN 6,235    1,702,354 
Republic of Poland Government Bonds           
0.00%, 10/25/25  PLN 2,225    494,692 
6.00%, 10/25/33  PLN 2,512    654,638 
          28,068,064 
Romania — 4.5%           
Romania Government Bond           
2.50%, 10/25/27  RON 6,220    1,188,459 
3.25%, 04/29/24  RON 5,875    1,281,257 
3.25%, 06/24/26  RON 6,980    1,430,096 
3.50%, 11/25/25  RON 6,125    1,284,470 
3.65%, 07/28/25  RON 6,050    1,284,220 
3.65%, 09/24/31  RON 7,110    1,305,607 
3.70%, 11/25/24  RON 6,205    1,339,107 
4.15%, 01/26/28  RON 6,825    1,389,213 
4.15%, 10/24/30  RON 7,375    1,441,193 
4.25%, 04/28/36  RON 4,630    831,066 
4.50%, 06/17/24  RON 6,565    1,441,275 
4.75%, 02/24/25  RON 6,440    1,402,940 
4.75%, 10/11/34  RON 7,715    1,484,734 
4.85%, 04/22/26  RON 6,970    1,495,628 
4.85%, 07/25/29  RON 6,910    1,428,165 
5.00%, 02/12/29  RON 7,085    1,482,412 
5.80%, 07/26/27  RON 7,350    1,600,673 
6.70%, 02/25/32  RON 8,240    1,857,076 
8.25%, 09/29/32  RON 5,320    1,326,752 
Romania Government Bonds           
7.90%, 02/24/38  RON 975    242,957 
8.00%, 04/29/30  RON 1,005    241,353 
8.75%, 10/30/28  RON 3,510    855,239 
          27,633,892 
Serbia — 4.4%           
Serbia Treasury Bonds           
4.50%, 01/11/26  RSD 928,180    8,546,310 
4.50%, 08/20/32  RSD 1,173,630    9,748,717 
5.88%, 02/08/28  RSD 949,360    9,115,139 
          27,410,166 
South Africa — 4.5%           
Republic of South Africa Government Bond           
6.25%, 03/31/36  ZAR 22,807    828,931 
6.50%, 02/28/41  ZAR 19,782    667,770 
7.00%, 02/28/31  ZAR 42,551    1,935,157 
8.00%, 01/31/30  ZAR 73,399    3,678,707 
8.25%, 03/31/32  ZAR 62,968    3,008,140 
8.50%, 01/31/37  ZAR 61,380    2,663,469 
8.75%, 01/31/44  ZAR 52,453    2,178,633 
8.75%, 02/28/48  ZAR 75,711    3,123,723 
8.88%, 02/28/35  ZAR 57,180    2,660,868 
9.00%, 01/31/40  ZAR 47,340    2,064,366 


 3

 

 

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

 

         
Security  Par
(000)		   Value 
           
South Africa (continued)           
10.50%, 12/21/26  ZAR 82,832   $4,839,736 
          27,649,500 
Thailand — 4.5%           
Thailand Government Bond           
0.75%, 06/17/24  THB 34,307    986,019 
0.75%, 09/17/24  THB 50,019    1,430,467 
0.95%, 06/17/25  THB 50,244    1,425,305 
1.00%, 06/17/27  THB 60,560    1,673,838 
1.45%, 12/17/24  THB 40,897    1,177,286 
1.59%, 12/17/35  THB 47,740    1,224,800 
1.60%, 12/17/29  THB 45,441    1,253,118 
1.60%, 06/17/35  THB 19,585    506,385 
2.00%, 12/17/31  THB 57,527    1,605,353 
2.00%, 06/17/42  THB 31,154    777,622 
2.13%, 12/17/26  THB 44,213    1,278,568 
2.35%, 06/17/26  THB 48,524    1,411,458 
2.65%, 06/17/28  THB 47,290    1,388,633 
2.88%, 12/17/28  THB 33,307    990,966 
2.88%, 06/17/46  THB 32,950    907,665 
3.30%, 06/17/38  THB 51,023    1,562,705 
3.35%, 06/17/33  THB 37,090    1,147,968 
3.39%, 06/17/37  THB 20,961    648,492 
3.40%, 06/17/36  THB 32,492    1,005,210 
3.45%, 06/17/43  THB 22,626    697,076 
3.65%, 06/20/31  THB 31,281    981,764 
3.78%, 06/25/32  THB 48,193    1,536,432 
3.85%, 12/12/25  THB 37,212    1,121,858 
4.88%, 06/22/29  THB 38,054    1,251,981 
          27,990,969 
Turkey — 4.2%           
Turkey Government Bond           
8.00%, 03/12/25  TRY 30,770    1,015,285 
9.00%, 07/24/24  TRY 37,865    1,305,610 
10.40%, 03/20/24  TRY 13,422    482,973 
10.50%, 08/11/27  TRY 149,440    4,514,923 
10.60%, 02/11/26  TRY 51,105    1,714,707 
11.00%, 02/24/27  TRY 29,710    900,345 
Security  Par/
Shares
(000)		   Value 
           
Turkey (continued)           
11.70%, 11/13/30  TRY 88,689   $2,809,514 
12.40%, 03/08/28  TRY 181,442    5,421,155 
12.60%, 10/01/25  TRY 91,071    3,277,072 
16.90%, 09/02/26  TRY 120,753    4,629,737 
          26,071,321 
Uruguay — 4.6%           
Uruguay Government International Bond           
8.25%, 05/21/31  UYU 674,445    17,156,820 
8.50%, 03/15/28(c)  UYU 266,210    6,951,815 
Uruguay Government International Bonds, 9.75%, 07/20/33 (Call 04/20/33)  UYU 146,164    4,061,863 
          28,170,498 
            
Total Long-Term Investments — 96.8%           
(Cost: $630,422,011)      596,720,569 
            

Short-Term Securities

           
            
Money Market Funds — 0.1%           
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.22%(d)(e)    720    720,000 
            
Total Short-Term Securities — 0.1%           
(Cost: $720,000)        720,000 
            
Total Investments — 96.9%           
(Cost: $631,142,011)        597,440,569 
            
Other Assets Less Liabilities — 3.1%        19,362,611 
            
Net Assets — 100.0%       $616,803,180 

 

(a)Zero-coupon bond.

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

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

(d)Affiliate of the Fund.

(e)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, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer  Value at 10/31/22   Purchases
at Cost		   Proceeds
from Sale		   Net Realized Gain (Loss)   Change in Unrealized Appreciation (Depreciation)   Value at 07/31/23   Shares
Held at
07/31/23
(000)		   Income   Capital Gain Distributions from Underlying Funds 
BlackRock Cash Funds: Treasury, SL Agency Shares  $440,000   $280,000(a)  $—   $—   $—   $720,000    720   $40,744   $5 

 

(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;

  

 4

 

 

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

 

Fair Value Hierarchy as of Period End (continued)

 

●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.

 

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  $—   $596,720,569   $—   $596,720,569 
Short-Term Securities                    
Money Market Funds   720,000    —    —    720,000 
   $720,000   $596,720,569   $—   $597,440,569 

 

Currency Abbreviations    
     
BRL Brazilian Real MYR Malaysian Ringgit
CLP Chilean Peso PEN Peru Nuevo Sol
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    

 

 5