NPORT-EX 2 NPORT_0BXF_23073135_0124.htm

Schedule of Investments (unaudited) iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Par
(000)		   Value 
           
Foreign Government Obligations      
            
Brazil — 5.1%      
Brazil Letras do Tesouro Nacional           
0.00%, 07/01/25(a)   BRL    12   $2,125,131 
0.00%, 01/01/26(a)   BRL 20    3,326,319 
0.00%, 07/01/26(a)   BRL 22    3,646,303 
0.00%, 07/01/27(a)   BRL 10    2,029,792 
Brazil Notas do Tesouro Nacional           
Series F, 10.00%, 01/01/25  BRL 15    2,951,588 
Series F, 10.00%, 01/01/29  BRL 15    3,822,106 
Series F, 10.00%, 01/01/31  BRL 6    1,179,928 
Brazil Notas do Tesouro Nacional Serie F           
10.00%, 01/01/33  BRL 7    1,827,168 
10.00%, 01/01/35  BRL 2    310,455 
Series F, 10.00%, 01/01/27  BRL 14    3,203,747 
          24,422,537 
Chile — 4.3%      
Bonos de la Tesoreria de la Republica en pesos           
2.30%, 10/01/28(b)(c)   CLP 780,000    739,931 
2.50%, 03/01/25  CLP 4,000,000    4,163,715 
4.50%, 03/01/26  CLP 2,520,000    2,675,787 
4.70%, 09/01/30(b)(c)   CLP 2,715,000    2,825,996 
5.00%, 10/01/28(b)(c)   CLP 1,050,000    1,121,131 
5.00%, 03/01/35.  CLP 2,795,000    2,895,176 
6.00%, 04/01/33(b)   CLP 2,005,000    2,241,285 
6.00%, 01/01/43  CLP 2,600,000    3,033,986 
7.00%, 05/01/34(b)   CLP 595,000    715,913 
          20,412,920 
China — 14.9%      
China Government Bond           
1.99%, 04/09/25  CNY 12,110    1,684,276 
2.18%, 08/25/25  CNY 6,740    938,849 
2.18%, 08/15/26  CNY 5,490    764,295 
2.24%, 05/25/25  CNY 7,980    1,113,410 
2.26%, 02/24/25  CNY 5,720    798,817 
2.28%, 11/25/25  CNY 8,480    1,183,651 
2.37%, 01/20/27  CNY 9,340    1,307,074 
2.40%, 07/15/28  CNY 7,010    980,315 
2.44%, 10/15/27  CNY 6,570    919,373 
2.46%, 02/15/26  CNY 9,540    1,336,162 
2.47%, 09/02/24  CNY 9,360    1,307,758 
2.48%, 04/15/27.  CNY 5,530    775,053 
2.50%, 07/25/27  CNY 11,240    1,576,006 
2.52%, 08/25/33  CNY 7,450    1,040,875 
2.55%, 10/15/28  CNY 1,430    201,298 
2.60%, 09/15/30  CNY 9,970    1,402,574 
2.60%, 09/01/32  CNY 7,800    1,095,330 
2.62%, 09/25/29  CNY 7,600    1,072,238 
2.62%, 06/25/30  CNY 8,600    1,210,791 
2.64%, 01/15/28  CNY 9,170    1,293,965 
2.67%, 11/25/33  CNY 2,750    390,581 
2.68%, 05/21/30  CNY 14,310    2,021,470 
2.69%, 08/12/26  CNY 9,590    1,351,580 
2.69%, 08/15/32  CNY 8,490    1,200,251 
2.75%, 06/15/29  CNY 8,960    1,272,094 
2.75%, 02/17/32  CNY 10,000    1,420,689 
2.76%, 05/15/32  CNY 8,580    1,219,122 
2.79%, 12/15/29  CNY 8,850    1,259,409 
2.80%, 03/24/29  CNY 7,960    1,133,078 
2.80%, 03/25/30  CNY 10,880    1,548,859 
2.80%, 11/15/32  CNY 6,650    950,338 
Security  Par
(000)		   Value 
         
China (continued)      
2.85%, 06/04/27  CNY    12,260   $1,741,460 
2.88%, 02/25/33  CNY 8,910    1,282,763 
2.89%, 11/18/31  CNY 8,850    1,267,698 
2.94%, 10/17/24  CNY 7,990    1,120,915 
3.01%, 05/13/28  CNY 12,150    1,742,288 
3.02%, 10/22/25  CNY 11,050    1,563,517 
3.02%, 05/27/31  CNY 13,400    1,939,817 
3.03%, 03/11/26  CNY 10,120    1,436,319 
3.12%, 12/05/26  CNY 8,810    1,260,449 
3.12%, 10/25/52  CNY 6,080    917,464 
3.13%, 11/21/29  CNY 10,100    1,466,161 
3.19%, 04/15/53  CNY 4,010    617,378 
3.22%, 12/06/25  CNY 7,660    1,090,144 
3.25%, 06/06/26  CNY 8,250    1,180,205 
3.27%, 11/19/30  CNY 10,570    1,556,056 
3.28%, 12/03/27  CNY 12,750    1,848,201 
3.29%, 05/23/29  CNY 11,740    1,718,172 
3.32%, 04/15/52  CNY 4,550    708,630 
3.53%, 10/18/51  CNY 7,420    1,194,110 
3.72%, 04/12/51  CNY 5,820    964,545 
3.81%, 09/14/50  CNY 10,140    1,700,446 
China Government Bonds           
2.30%, 05/15/26  CNY 8,450    1,179,672 
2.62%, 04/15/28  CNY 10,670    1,506,370 
2.67%, 05/25/33  CNY 10,260    1,451,110 
2.91%, 10/14/28  CNY 9,570    1,368,607 
3.25%, 11/22/28  CNY 7,240    1,055,292 
          70,647,370 
Colombia — 4.3%      
Colombia TES, 13.25%, 02/09/33  COP 6,524,300    2,035,715 
Colombian TES           
9.25%, 05/28/42  COP 9,958,400    2,381,566 
Series B, 5.75%, 11/03/27  COP 6,430,600    1,491,442 
Series B, 6.00%, 04/28/28  COP 9,734,700    2,250,726 
Series B, 6.25%, 11/26/25  COP 3,921,700    970,297 
Series B, 6.25%, 07/09/36  COP 3,942,400    762,491 
Series B, 7.00%, 03/26/31  COP 8,872,600    2,021,497 
Series B, 7.00%, 06/30/32  COP 8,325,600    1,844,756 
Series B, 7.25%, 10/18/34  COP 8,720,300    1,893,022 
Series B, 7.25%, 10/26/50  COP 8,267,700    1,581,786 
Series B, 7.50%, 08/26/26  COP 7,746,600    1,925,348 
Series B, 7.75%, 09/18/30  COP 6,129,600    1,471,314 
          20,629,960 
Czech Republic — 4.5%      
Czech Republic Government Bond           
0.00%, 12/12/24(a)   CZK 6,760    282,489 
0.05%, 11/29/29  CZK 24,040    851,043 
0.25%, 02/10/27  CZK 27,500    1,076,686 
0.95%, 05/15/30(c)   CZK 35,490    1,311,789 
1.00%, 06/26/26(c)   CZK 34,340    1,397,318 
1.20%, 03/13/31  CZK 34,630    1,274,953 
1.25%, 02/14/25  CZK 27,820    1,171,849 
1.50%, 04/24/40  CZK 17,060    525,664 
1.75%, 06/23/32  CZK 34,990    1,307,927 
1.95%, 07/30/37  CZK 11,830    408,822 
2.00%, 10/13/33  CZK 31,240    1,159,716 
2.40%, 09/17/25(c)   CZK 33,080    1,402,167 
2.50%, 08/25/28(c)   CZK 35,270    1,455,346 
2.75%, 07/23/29  CZK 33,580    1,395,987 
3.50%, 05/30/35  CZK 15,750    660,722 


 

 1

 

Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Par
(000)		   Value 
         
Czech Republic (continued)     
4.20%, 12/04/36(c)   CZK    19,910   $890,702 
4.50%, 11/11/32  CZK 6,720    307,633 
4.90%, 04/14/34  CZK 10,440    493,288 
5.00%, 09/30/30  CZK 29,560    1,384,520 
5.50%, 12/12/28  CZK 25,910    1,218,852 
6.00%, 02/26/26  CZK 23,010    1,043,285 
6.20%, 06/16/31  CZK 4,840    243,720 
          21,264,478 
Dominican Republic — 4.3%      
Dominican Republic International Bond           
11.25%, 09/15/35 (Call 06/15/35)(c)   DOP 557,300    10,281,984 
13.63%, 02/03/33 (Call 11/03/32)(c)   DOP 496,200    10,230,366 
          20,512,350 
Hungary — 4.5%      
Hungary Government Bond           
1.00%, 11/26/25  HUF 701,820    1,818,221 
1.50%, 04/22/26  HUF 544,340    1,394,214 
1.50%, 08/26/26  HUF 386,310    973,742 
2.00%, 05/23/29  HUF 504,710    1,182,861 
2.25%, 04/20/33  HUF 639,010    1,350,022 
2.25%, 06/22/34  HUF 219,350    449,331 
2.50%, 10/24/24  HUF 530,780    1,451,027 
2.75%, 12/22/26  HUF 424,340    1,092,212 
3.00%, 10/27/27  HUF 554,520    1,419,116 
3.00%, 08/21/30  HUF 526,740    1,264,235 
3.00%, 10/27/38  HUF 450,030    888,980 
3.00%, 04/25/41  HUF 314,930    593,955 
3.25%, 10/22/31  HUF 705,730    1,677,831 
4.50%, 03/23/28  HUF 311,760    836,808 
4.75%, 11/24/32  HUF 552,590    1,436,152 
5.50%, 06/24/25  HUF 491,780    1,377,748 
6.75%, 10/22/28  HUF 596,750    1,745,003 
9.50%, 10/21/26  HUF 77,980    237,734 
          21,189,192 
Indonesia — 6.4%      
Indonesia Treasury Bond           
5.13%, 04/15/27  IDR 15,259,000    931,689 
5.50%, 04/15/26  IDR 16,341,000    1,018,465 
6.13%, 05/15/28  IDR 15,475,000    972,336 
6.25%, 06/15/36  IDR 7,546,000    458,833 
6.38%, 08/15/28  IDR 13,732,000    868,910 
6.38%, 04/15/32  IDR 26,597,000    1,667,516 
6.38%, 07/15/37  IDR 2,511,000    153,795 
6.50%, 06/15/25  IDR 17,125,000    1,086,771 
6.50%, 02/15/31  IDR 26,553,000    1,674,286 
6.63%, 05/15/33  IDR 12,050,000    763,625 
6.63%, 02/15/34  IDR 11,669,000    738,144 
7.00%, 05/15/27  IDR 15,446,000    997,921 
7.00%, 09/15/30  IDR 19,133,000    1,240,371 
7.00%, 02/15/33  IDR 22,646,000    1,479,596 
7.13%, 06/15/38  IDR 9,768,000    638,531 
7.13%, 06/15/42  IDR 17,037,000    1,109,435 
7.13%, 06/15/43  IDR 11,404,000    743,109 
7.50%, 08/15/32  IDR 8,559,000    571,739 
7.50%, 06/15/35  IDR 14,948,000    1,005,532 
7.50%, 05/15/38  IDR 9,483,000    638,690 
7.50%, 04/15/40  IDR 19,064,000    1,282,410 
8.25%, 05/15/29  IDR 14,522,000    992,149 
8.25%, 06/15/32  IDR 6,046,000    422,224 
8.25%, 05/15/36  IDR 13,435,000    959,048 
Security  Par
(000)		   Value 
            
Indonesia (continued)      
8.38%, 09/15/26  IDR 16,750,000   $1,113,482 
8.38%, 03/15/34  IDR 22,403,000    1,595,752 
8.38%, 04/15/39  IDR 10,474,000    759,603 
8.75%, 05/15/31  IDR 8,461,000    601,546 
9.00%, 03/15/29  IDR 12,524,000    878,982 
9.50%, 07/15/31  IDR 4,603,000    340,218 
10.50%, 08/15/30  IDR 4,112,000    314,263 
11.00%, 09/15/25  IDR 3,897,000    264,245 
Perusahaan Penerbit SBSN Indonesia           
4.88%, 07/15/26  IDR 4,867,000    296,038 
6.38%, 03/15/34  IDR 9,639,000    595,205 
6.50%, 06/15/39  IDR 2,829,000    175,513 
6.63%, 10/15/24  IDR 6,528,000    412,974 
6.88%, 03/15/36  IDR 3,722,000    238,380 
8.88%, 11/15/31  IDR 8,937,000    640,407 
          30,641,733 
Malaysia — 5.1%      
Malaysia Government Bond           
2.63%, 04/15/31  MYR    3,143    619,045 
3.50%, 05/31/27  MYR 2,414    510,773 
3.52%, 04/20/28  MYR 3,016    636,370 
3.58%, 07/15/32  MYR 3,464    720,571 
3.73%, 06/15/28  MYR 3,408    725,637 
3.76%, 05/22/40  MYR 3,655    745,875 
3.83%, 07/05/34  MYR 2,773    587,507 
3.88%, 03/14/25  MYR 1,682    358,060 
3.89%, 08/15/29  MYR 2,753    589,456 
3.90%, 11/30/26  MYR 3,239    694,036 
3.90%, 11/16/27  MYR 2,845    609,768 
3.91%, 07/15/26  MYR 2,683    574,224 
3.96%, 09/15/25  MYR 3,066    654,218 
4.06%, 09/30/24  MYR 1,634    347,078 
4.07%, 06/15/50  MYR 4,102    840,832 
4.25%, 05/31/35  MYR 2,642    576,179 
4.46%, 03/31/53  MYR 3,149    692,760 
4.50%, 04/30/29  MYR 1,473    324,708 
4.64%, 11/07/33  MYR 2,622    591,147 
4.70%, 10/15/42  MYR 3,466    792,410 
4.76%, 04/07/37  MYR 4,650    1,062,550 
4.89%, 06/08/38  MYR 3,789    881,507 
4.92%, 07/06/48  MYR 2,595    609,880 
Malaysia Government Investment Issue           
3.42%, 09/30/27  MYR 3,256    686,272 
3.45%, 07/15/36  MYR 3,020    608,412 
3.47%, 10/15/30  MYR 3,398    705,089 
3.60%, 07/31/28  MYR 3,798    803,610 
3.66%, 10/15/24  MYR 2,377    503,577 
3.73%, 03/31/26  MYR 2,800    596,299 
3.99%, 10/15/25  MYR 3,713    793,766 
4.07%, 09/30/26  MYR 1,977    424,909 
4.13%, 08/15/25  MYR 1,483    317,406 
4.13%, 07/09/29  MYR 3,004    650,414 
4.19%, 10/07/32  MYR 2,892    628,243 
4.25%, 09/30/30  MYR 2,414    525,354 
4.26%, 07/26/27  MYR 1,715    371,234 
4.29%, 08/14/43  MYR 2,080    450,423 
4.37%, 10/31/28  MYR 2,650    579,274 
4.42%, 09/30/41  MYR 3,700    816,542 
4.66%, 03/31/38  MYR 1,239    281,722 
          24,487,137 


2

 

Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Par
(000)		   Value 
            
Mexico — 6.7%      
Mexican Bonos           
5.00%, 03/06/25  MXN    175   $961,599 
5.50%, 03/04/27  MXN 502    2,613,348 
7.50%, 05/26/33  MXN 306    2,304,675 
8.00%, 07/31/53  MXN 269    1,745,338 
8.50%, 03/01/29  MXN 59    795,108 
Series M, 5.75%, 03/05/26  MXN 642    3,445,885 
Series M, 7.75%, 05/29/31  MXN 566    3,043,689 
Series M, 7.75%, 11/23/34  MXN 132    689,477 
Series M, 7.75%, 11/13/42  MXN 413    2,536,598 
Series M, 8.00%, 09/05/24  MXN 342    1,947,175 
Series M, 8.00%, 11/07/47  MXN 343    1,751,021 
Series M 20, 7.50%, 06/03/27  MXN 499    2,743,584 
Series M 20, 8.50%, 05/31/29  MXN 376    2,128,625 
Series M 20, 10.00%, 12/05/24  MXN 326    1,881,395 
Series M 30, 8.50%, 11/18/38  MXN 294    1,597,840 
Series M 30, 10.00%, 11/20/36  MXN 117    723,678 
Mexico Bonos           
7.00%, 09/03/26  MXN 132    720,194 
8.00%,05/24/35  MXN 48    254,491 
          31,883,720 
Peru — 4.3%      
Peru Government Bond           
5.35%, 08/12/40  PEN 6    1,265,864 
5.40%, 08/12/34  PEN 8    1,863,787 
5.94%,02/12/29  PEN 10    2,779,779 
6.15%, 08/12/32  PEN 11    2,948,455 
6.35%, 08/12/28  PEN 7    1,773,761 
6.90%, 08/12/37  PEN 11    2,776,961 
6.95%, 08/12/31  PEN 11    3,074,681 
7.30%, 08/12/33(b)(c)   PEN 10    2,688,548 
8.20%, 08/12/26  PEN 4    1,250,099 
          20,421,935 
Poland — 4.5%      
Republic of Poland Government Bond           
0.25%, 10/25/26  PLN 6,775    1,497,754 
0.75%, 04/25/25  PLN 5,713    1,357,486 
1.25%, 10/25/30  PLN 7,894    1,558,671 
1.75%, 04/25/32  PLN 6,500    1,262,177 
2.25%, 10/25/24  PLN 6,676    1,637,176 
2.50%,07/25/26  PLN 7,814    1,844,632 
2.50%, 07/25/27  PLN 6,013    1,390,492 
2.75%, 04/25/28  PLN 7,536    1,731,672 
2.75%, 10/25/29  PLN 9,182    2,051,701 
3.25%, 07/25/25  PLN 7,174    1,749,484 
3.75%, 05/25/27  PLN 5,481    1,322,700 
7.50%, 07/25/28  PLN 8,006    2,198,988 
Republic of Poland Government Bonds
0.00%, 10/25/25(a) 		  PLN 2,225    512,136 
6.00%, 10/25/33  PLN 4,872    1,288,464 
          21,403,533 
Romania — 4.4%      
Romania Government Bond           
2.50%, 10/25/27  RON 3,420    656,025 
3.25%, 06/24/26  RON 4,675    955,623 
3.50%, 11/25/25  RON 3,540    738,364 
3.65%, 07/28/25  RON 3,295    693,582 
3.65%, 09/24/31  RON 5,070    929,900 
3.70%, 11/25/24  RON 4,770    1,018,039 
4.15%, 01/26/28  RON 5,710    1,155,109 
Security  Par
(000)		   Value 
            
Romania (continued)      
4.15%, 10/24/30  RON    4,915   $950,386 
4.25%, 04/28/36  RON 4,630    827,567 
4.75%, 02/24/25  RON 4,070    874,086 
4.75%, 10/11/34  RON 5,440    1,041,812 
4.85%, 04/22/26  RON 5,290    1,123,734 
4.85%, 07/25/29  RON 4,810    979,395 
5.00%, 02/12/29  RON 5,400    1,113,369 
5.80%, 07/26/27  RON 6,060    1,303,835 
6.70%, 02/25/32  RON 4,480    996,061 
7.20%, 10/28/26  RON 1,060    235,787 
7.20%, 05/31/27  RON 1,890    422,256 
7.20%, 10/30/33  RON 2,005    463,454 
7.35%, 04/28/31  RON 2,690    617,111 
7.90%, 02/24/38  RON 3,395    838,979 
8.00%, 04/29/30  RON 1,885    443,384 
8.25%, 09/29/32  RON 5,320    1,304,209 
Romania Government Bonds           
8.00%, 04/29/30  RON 1,005    236,393 
8.75%, 10/30/28  RON 3,510    839,305 
          20,757,765 
Serbia — 4.3%      
Serbia Treasury Bonds           
4.50%, 01/11/26  RSD 682,310    6,215,232 
4.50%, 08/20/32  RSD 910,780    7,545,035 
5.88%, 02/08/28  RSD 719,760    6,811,719 
          20,571,986 
South Africa — 4.4%      
Republic of South Africa Government Bond           
6.25%, 03/31/36  ZAR 19,815    696,077 
6.50%, 02/28/41  ZAR 16,942    545,776 
7.00%, 02/28/31  ZAR 29,067    1,303,158 
8.00%, 01/31/30  ZAR 60,912    2,999,124 
8.25%, 03/31/32  ZAR 47,687    2,222,561 
8.50%, 01/31/37  ZAR 45,636    1,901,659 
8.75%, 01/31/44  ZAR 38,790    1,530,137 
8.75%, 02/28/48  ZAR 59,917    2,347,406 
8.88%, 02/28/35  ZAR 45,076    2,028,641 
9.00%, 01/31/40  ZAR 38,839    1,613,509 
10.50%, 12/21/26  ZAR 63,394    3,541,281 
11.63%, 03/31/53  ZAR 4,036    205,118 
          20,934,447 
Thailand — 4.6%      
Thailand Government Bond           
0.75%, 09/17/24  THB 41,822    1,166,808 
0.95%, 06/17/25  THB 28,793    795,410 
1.00%, 06/17/27  THB 46,205    1,244,836 
1.45%, 12/17/24  THB 36,365    1,016,518 
1.59%, 12/17/35  THB 31,118    773,382 
1.60%, 12/17/29  THB 34,642    929,180 
1.60%, 06/17/35  THB 21,752    545,843 
2.00%, 12/17/31  THB 47,308    1,276,939 
2.00%, 06/17/42  THB 29,745    714,962 
2.13%, 12/17/26  THB 37,421    1,048,020 
2.35%, 06/17/26  THB 29,374    828,872 
2.65%, 06/17/28  THB 41,698    1,187,478 
2.88%, 12/17/28  THB 31,240    899,569 
2.88%, 06/17/46  THB 32,950    861,804 
3.30%, 06/17/38  THB 39,366    1,157,817 
3.35%, 06/17/33  THB 44,357    1,319,576 
3.39%, 06/17/37  THB 32,358    962,563 


 3

 

Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security 

Par

(000)

   Value 
            
Thailand (continued)      
3.40%, 06/17/36  THB    26,549   $789,671 
3.45%, 06/17/43  THB 23,430    692,706 
3.65%, 06/20/31  THB 31,281    946,758 
3.78%, 06/25/32  THB 31,983    979,355 
3.85%, 12/12/25  THB 29,920    866,628 
4.88%, 06/22/29  THB 28,369    897,525 
          21,902,220 
Turkey — 4.1%      
Turkey Government Bond           
8.00%, 03/12/25  TRY 32,538    791,859 
10.50%, 08/11/27  TRY 143,508    2,977,049 
10.60%, 02/11/26  TRY 49,445    1,070,539 
11.00%, 02/24/27  TRY 36,838    761,757 
11.70%, 11/13/30  TRY 93,010    1,923,348 
12.40%, 03/08/28  TRY 184,522    4,004,209 
12.60%, 10/01/25  TRY 95,703    2,165,736 
16.90%, 09/02/26  TRY 102,930    2,481,242 
Turkiye Government Bond           
17.30%, 07/19/28  TRY 43,619    1,105,388 
17.80%, 07/13/33  TRY 86,192    2,093,376 
          19,374,503 
Uruguay — 4.4%      
Uruguay Government International Bond           
8.25%, 05/21/31  UYU 468,710    11,333,901 
8.50%, 03/15/28(c)   UYU 171,807    4,254,773 
Uruguay Government International Bonds, 9.75%, 07/20/33(Call 04/20/33)  UYU 206,291    5,432,078 
          21,020,752 
Total Long-Term Investments — 95.1%      
(Cost: $472,227,429)    452,478,538 
Security  Shares   Value 
           
Short-Term Securities      
           
Money Market Funds — 1.0%      
BlackRock Cash Funds: Treasury, SL Agency  Shares, 5.32%(d)(e)    4,970,000   $4,970,000 
           
Total Short-Term Securities — 1.0%      
(Cost: $4,970,000)    4,970,000 
           
Total Investments — 96.1%      
(Cost: $477,197,429)    457,448,538 
           
Other Assets Less Liabilities — 3.9%    18,372,977 
           
Net Assets — 100.0%   $475,821,515 

 

(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 January 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliated Issuer  Value at
10/31/23		   Purchases
at Cost		   Proceeds
from Sale		   Net Realized
Gain (Loss)		   Change in
Unrealized
Appreciation
(Depreciation)		   Value at
01/31/24		   Shares
Held at
01/31/24		   Income   Capital
Gain
Distributions
from
Underlying
Funds		 
BlackRock Cash Funds: Treasury, SL Agency Shares  $21,570,000   $—   $(16,600,000)(a)   $—   $—   $4,970,000    4,970,000   $30,713   $— 

 

(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 Valuation Committee’s assumptions used in determining the fair value of financial instruments).

4

 

Schedule of Investments (unaudited) (continued) iShares® J.P. Morgan EM Local Currency Bond ETF
January 31, 2024

 

Fair Value Hierarchy as of Period End (continued)

 

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  $—   $452,478,538   $—   $452,478,538 
Short-Term Securities                    
Money Market Funds   4,970,000    —    —    4,970,000 
   $4,970,000   $452,478,538   $—   $457,448,538 

 

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

 5