UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT
OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-09102
iShares, Inc.
(Exact name of registrant as specified in charter)
c/o BlackRock Fund Advisors
400 Howard Street, San Francisco, CA 94105
(Address of principal executive offices) (Zip code)
The Corporation Trust Incorporated
2405 York Road, Suite 201, Lutherville-Timonium, Maryland 21093
(Name and address of agent for service)
Registrant’s telephone number, including area code: (415) 670-2000
Date of fiscal year end: October 31, 2024
Date of reporting period: April 30, 2024
Item 1. Reports to Stockholders.
(a) The Report to Shareholders is attached herewith.
2024 Semi-Annual Report (Unaudited) |
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• iShares International High Yield Bond ETF | HYXU | Cboe BZX |
• iShares J.P. Morgan EM Corporate Bond ETF | CEMB | Cboe BZX |
• iShares J.P. Morgan EM High Yield Bond ETF | EMHY | Cboe BZX |
• iShares J.P. Morgan EM Local Currency Bond ETF | LEMB | NYSE Arca |
• iShares US & Intl High Yield Corp Bond ETF | GHYG | Cboe BZX |
|
Rob Kapito
President, BlackRock Inc.
Dear Shareholder,
The combination of continued economic growth and cooling inflation provided a supportive backdrop for investors during the 12-month reporting period ended April 30, 2024. Higher interest rates helped to rein in inflation, and the Consumer Price Index decelerated substantially while remaining above pre-pandemic levels. A moderating labor market helped ease inflationary pressure, although wages continued to grow. Wage and job growth powered robust consumer spending, backstopping the economy. On October 7, 2023, Hamas launched a horrific attack on Israel. The ensuing war has had a significant humanitarian impact and could lead to heightened economic and market volatility. We see geopolitics as a structural market risk going forward. See our geopolitical risk dashboard at blackrock.com for more details.
Equity returns were robust during the period, as interest rates stabilized and the economy proved to be more resilient than many investors expected. The U.S. economy continued to show strength, and growth further accelerated in the second half of 2023. Large-capitalization U.S. stocks posted particularly substantial gains, supported by the performance of a few notable technology companies, while small-capitalization U.S. stocks’ advance was slower but still impressive. Meanwhile, both international developed market equities and emerging market stocks also gained, albeit at a notably slower pace than that of U.S. stocks.
The 10-year U.S. Treasury yield rose during the reporting period, driving its price down, as investors reacted to elevated inflation and attempted to anticipate future interest rate changes. However, higher yields drove solid gains in shorter-duration U.S. Treasuries. The corporate bond market benefited from improving economic sentiment, although high-yield corporate bond prices fared significantly better than investment-grade bonds as demand from yield-seeking investors remained strong.
The U.S. Federal Reserve (the “Fed”), attempting to manage persistent inflation, raised interest rates twice during the 12-month period, but paused its tightening after its July meeting. The Fed also continued to reduce its balance sheet by not replacing some of the securities that reach maturity.
Supply constraints appear to have become an embedded feature of the new macroeconomic environment, making it difficult for developed economies to increase production without sparking higher inflation. Geopolitical fragmentation and an aging population risk further exacerbating these constraints, keeping the labor market tight and wage growth high. Although the Fed has stopped tightening for now, we believe that the new economic regime means that the Fed will need to maintain high rates for an extended period, and recent statements from the Fed seem to support this view. In this new regime, we anticipate greater volatility and dispersion of returns, creating more opportunities for selective portfolio management.
Looking at developed market stocks, we have an overweight stance on U.S. stocks overall, particularly given the promise of emerging AI technologies. We are also overweight Japanese stocks as shareholder-friendly policies generate increased investor interest, although we maintain an underweight stance on European stocks. In credit, we believe there are selective opportunities in the near term despite tighter credit and financial conditions. For fixed income investing with a six- to twelve-month horizon, we see the most attractive investments in short-term U.S. Treasuries and hard-currency emerging market bonds.
Overall, our view is that investors need to think globally, position themselves to be prepared for a decarbonizing economy, and be nimble as market conditions change. We encourage you to talk with your financial advisor and visit iShares.com for further insight about investing in today’s markets.
Rob Kapito
President, BlackRock Inc.
Total Returns as of April 30, 2024 |
| | |
U.S. large cap equities
(S&P 500® Index) | | |
U.S. small cap equities
(Russell 2000® Index) | | |
International equities
(MSCI Europe, Australasia, Far East Index) | | |
Emerging market equities
(MSCI Emerging Markets Index) | | |
3-month Treasury bills
(ICE BofA 3-Month U.S. Treasury Bill Index) | | |
U.S. Treasury securities
(ICE BofA 10-Year U.S. Treasury Index) | | |
U.S. investment grade bonds
(Bloomberg U.S. Aggregate Bond Index) | | |
Tax-exempt municipal bonds
(Bloomberg Municipal Bond Index) | | |
U.S. high yield bonds
(Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index) | | |
Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index. |
2This Page is not Part of Your Fund Report
Fund Summary as of April 30, 2024
iShares® International High Yield Bond ETF
Investment Objective
The iShares International High Yield Bond ETF (the “Fund”) seeks to track the investment results of an index composed of euro, British pound sterling and Canadian dollar-denominated, high yield corporate bonds, as represented by the Markit iBoxx® Global Developed Markets ex-US High Yield Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
| | Average Annual Total Returns | | |
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Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.
Expense Example
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Beginning
Account Value
(11/01/23) | Ending
Account Value
(04/30/24) | | Beginning
Account Value
(11/01/23) | Ending
Account Value
(04/30/24) | | |
| | | | | | |
| Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information. |
Portfolio Information
CREDIT QUALITY ALLOCATION
GEOGRAPHIC ALLOCATION
Country/Geographic Region | |
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| Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
| Excludes money market funds. |
42024 iShares Semi-Annual Report to Shareholders
Fund Summary as of April 30, 2024
iShares® J.P. Morgan EM Corporate Bond ETF
Investment Objective
The iShares J.P. Morgan EM Corporate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, emerging market corporate bonds, as represented by the J.P. Morgan CEMBI Broad Diversified Core Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
| | Average Annual Total Returns | | |
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Index Performance through May 31, 2017 reflects the performance of the Morningstar® Emerging Markets Corporate Bond IndexSM. Index performance beginning on June 1, 2017 reflects the performance of the J.P. Morgan CEMBI Broad Diversified Core Index.
Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.
Expense Example
| | |
Beginning
Account Value
(11/01/23) | Ending
Account Value
(04/30/24) | | Beginning
Account Value
(11/01/23) | Ending
Account Value
(04/30/24) | | |
| | | | | | |
| Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information. |
Portfolio Information
CREDIT QUALITY ALLOCATION
GEOGRAPHIC ALLOCATION
Country/Geographic Region | |
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| Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
| Excludes money market funds. |
Fund Summary as of April 30, 2024
iShares® J.P. Morgan EM High Yield Bond ETF
Investment Objective
The iShares J.P. Morgan EM High Yield Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, emerging market high yield sovereign and corporate bonds, as represented by the J.P. Morgan USD Emerging Markets High Yield Bond Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
| | Average Annual Total Returns | | |
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| | | | | | | | |
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Index performance through March 01, 2020 reflects the performance of the Morningstar Emerging Markets High Yield Bond IndexSM which terminated on April 01, 2020. Index performance beginning on March 02, 2020 reflects the performance of the J.P. Morgan USD Emerging Markets High Yield Bond Index.
Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.
Expense Example
| | |
Beginning
Account Value
(11/01/23) | Ending
Account Value
(04/30/24) | | Beginning
Account Value
(11/01/23) | Ending
Account Value
(04/30/24) | | |
| | | | | | |
| Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information. |
Portfolio Information
CREDIT QUALITY ALLOCATION
GEOGRAPHIC ALLOCATION
Country/Geographic Region | |
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| Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
| Excludes money market funds. |
62024 iShares Semi-Annual Report to Shareholders
Fund Summary as of April 30, 2024
iShares® J.P. Morgan EM Local Currency Bond ETF
Investment Objective
The iShares J.P. Morgan EM Local Currency Bond ETF (the “Fund”) seeks to track the investment results of an index composed of local currency denominated, emerging market sovereign bonds, as represented by the J.P. Morgan GBI-EM Global Diversified 15% Cap 4.5% Floor Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
| | Average Annual Total Returns | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
Index performance through May 31, 2017 reflects the performance of the Bloomberg Emerging Markets Broad Local Currency Bond Index. Index performance beginning on June 1, 2017 reflects the performance of the J.P. Morgan GBI-EM Global Diversified 15% Cap 4.5% Floor Index.
Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.
Expense Example
| | |
Beginning
Account Value
(11/01/23) | Ending
Account Value
(04/30/24) | | Beginning
Account Value
(11/01/23) | Ending
Account Value
(04/30/24) | | |
| | | | | | |
| Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information. |
Portfolio Information
CREDIT QUALITY ALLOCATION
GEOGRAPHIC ALLOCATION
Country/Geographic Region | |
| |
| |
| |
| |
| |
| |
| |
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| Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
| Excludes money market funds. |
Fund Summary as of April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF
Investment Objective
The iShares US & Intl High Yield Corp Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar, euro, British pound sterling and Canadian dollar-denominated, high yield corporate bonds, as represented by the Markit iBoxx® Global Developed Markets High Yield Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
| | Average Annual Total Returns | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
| | | | | | | | |
Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.
Expense Example
| | |
Beginning
Account Value
(11/01/23) | Ending
Account Value
(04/30/24) | | Beginning
Account Value
(11/01/23) | Ending
Account Value
(04/30/24) | | |
| | | | | | |
| Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 182/366 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information. |
Portfolio Information
CREDIT QUALITY ALLOCATION
GEOGRAPHIC ALLOCATION
Country/Geographic Region | |
| |
| |
| |
| |
| |
| |
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| |
| |
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| Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
| Excludes money market funds. |
82024 iShares Semi-Annual Report to Shareholders
Past performance is not an indication of future results. Financial markets have experienced extreme volatility and trading in many instruments has been disrupted. These circumstances may continue for an extended period of time and may continue to affect adversely the value and liquidity of each Fund’s investments. As a result, current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at iShares.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are redeemed or sold in the market. Performance for certain funds may reflect a waiver of a portion of investment advisory fees. Without such a waiver, performance would have been lower.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. Beginning August 10, 2020, the price used to calculate market return (“Market Price”) is the closing price. Prior to August 10, 2020, Market Price was determined using the midpoint between the highest bid and the lowest ask on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.
An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, index returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, index returns would be lower.
Disclosure of Expenses
Shareholders of each Fund may incur the following charges: (1) transactional expenses, including brokerage commissions on purchases and sales of fund shares and (2) ongoing expenses, including management fees and other fund expenses. The expense examples shown (which are based on a hypothetical investment of $1,000 invested at the beginning of the period and held through the end of the period) are intended to assist shareholders both in calculating expenses based on an investment in each Fund and in comparing these expenses with similar costs of investing in other funds.
The expense examples provide information about actual account values and actual expenses. Annualized expense ratios reflect contractual and voluntary fee waivers, if any. In order to estimate the expenses a shareholder paid during the period covered by this report, shareholders can divide their account value by $1,000 and then multiply the result by the number under the heading entitled “Expenses Paid During the Period.”
The expense examples also provide information about hypothetical account values and hypothetical expenses based on a fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses. In order to assist shareholders in comparing the ongoing expenses of investing in the Funds and other funds, compare the 5% hypothetical examples with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
The expenses shown in the expense examples are intended to highlight shareholders’ ongoing costs only and do not reflect any transactional expenses, such as brokerage commissions and other fees paid on purchases and sales of fund shares. Therefore, the hypothetical examples are useful in comparing ongoing expenses only and will not help shareholders determine the relative total expenses of owning different funds. If these transactional expenses were included, shareholder expenses would have been higher.
About Fund Performance/Disclosure of Expenses9
Schedule of Investments (unaudited)April 30, 2024
iShares® International High Yield Bond ETF(Percentages shown are based on Net Assets)
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APA Infrastructure Ltd., 7.13%, 11/09/83 (Call 11/09/28), (5-year EURIBOR ICE Swap + 4.098%)(a)(b) | | |
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ams-OSRAM AG, 10.50%, 03/30/29 (Call 03/30/26)(a) | | |
Benteler International AG, 9.38%, 05/15/28 (Call 05/15/25)(a) | | |
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Telenet Finance Luxembourg Notes Sarl, 3.50%, 03/01/28 (Call 05/10/24)(a) | | |
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Air Canada, 4.63%, 08/15/29 (Call 02/15/26)(c) | | |
Cineplex Inc., 7.63%, 03/31/29 (Call 01/31/26)(c) | | |
Mattamy Group Corp., 4.63%, 03/01/28 (Call 05/10/24)(a) | | |
Mattr Corp., 7.25%, 04/02/31 (Call 04/02/27)(c) | | |
| | |
3.88%, 06/16/26 (Call 05/10/24)(c) | | |
4.38%, 03/26/29 (Call 05/10/24) | | |
Primo Water Holdings Inc., 3.88%, 10/31/28 (Call 05/10/24)(a) | | |
Southern Pacific Resource Corp., 8.75%, 01/25/18(c)(d)(e)(f) | | |
Tamarack Valley Energy Ltd., 7.25%, 05/10/27 (Call 05/30/24)(c) | | |
| | |
3.13%, 01/15/31 (Call 01/15/26) | | |
3.63%, 06/15/28 (Call 06/15/24)(c) | | |
4.50%, 01/15/30 (Call 10/15/24) | | |
| | |
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Bank of Cyprus PCL, 2.50%, 06/24/27 (Call 06/24/26), (1-year EUR Swap + 2.785%)(a)(b) | | |
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Allwyn Entertainment Financing U.K. PLC, 7.25%, 04/30/30 (Call 04/30/26)(a) | | |
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Orsted A/S, 1.75%, (Call 09/09/27), (5-year EURIBOR ICE Swap + 1.952%)(a)(b) | | |
| | |
1.50%, (Call 08/18/30), (5-year EUR Swap + 1.860%)(a)(b) | | |
2.50%, (Call 08/18/32), (5-year GUK + 2.136%)(a)(b) | | |
5.13%, (Call 09/14/29), (5-year EURIBOR ICE Swap + 2.590%)(a)(b) | | |
| | |
|
Citycon Treasury BV, 1.25%, 09/08/26 (Call 06/08/26)(a) | | |
|
| | |
2.63%, 11/15/25 (Call 05/10/24)(a) | | |
3.00%, 11/15/27 (Call 05/10/24)(a) | | |
| | |
7.25%, 05/31/26 (Call 04/30/26)(a) | | |
8.13%, 05/31/28 (Call 02/28/28)(a) | | |
| | |
|
| | |
3.38%, 01/15/28 (Call 05/10/24)(a) | | |
4.00%, 07/15/29 (Call 05/30/24)(a) | | |
4.13%, 01/15/29 (Call 05/30/24)(a) | | |
4.25%, 10/15/29 (Call 10/15/24)(a) | | |
5.88%, 02/01/27 (Call 05/10/24)(a) | | |
| | |
1.00%, 11/12/29 (Call 08/12/29)(a) | | |
1.75%, 05/07/25 (Call 02/07/25)(a) | | |
Banijay Entertainment SASU, 7.00%, 05/01/29 (Call 11/01/25)(a) | | |
Banijay Group SAS, 6.50%, 03/01/26 (Call 05/30/24)(a) | | |
CAB SELAS, 3.38%, 02/01/28 (Call 05/30/24)(a) | | |
Cerba Healthcare SACA, 3.50%, 05/31/28 (Call 05/31/24)(a) | | |
CGG SA, 7.75%, 04/01/27 (Call 05/10/24)(a) | | |
Chrome Holdco SASU, 5.00%, 05/31/29 (Call 05/31/24)(a) | | |
Cie Plastic Omnium SE, 4.88%, 03/13/29 (Call 12/13/28)(a) | | |
| | |
1.63%, 04/03/28 (Call 01/03/28)(a) | | |
4.13%, 05/24/27 (Call 02/24/27)(a) | | |
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2.88%, 01/29/26 (Call 10/29/25)(a) | | |
3.25%, 07/23/27 (Call 04/23/27)(a) | | |
4.88%, 12/08/28 (Call 09/08/28)(a) | | |
5.88%, 04/17/28 (Call 01/17/28)(a) | | |
6.00%, 03/22/29 (Call 12/22/28)(a) | | |
Emeria SASU, 7.75%, 03/31/28 (Call 02/07/25)(a) | | |
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1.50%, 10/13/28 (Call 07/13/28)(a) | | |
2.25%, 07/13/27 (Call 04/13/27)(a) | | |
EUTELSAT SA SR UNSECURED REGS 04/29 9.75, 9.75%, 04/13/29 (Call 04/13/26)(a) | | |
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2.38%, 06/15/27 (Call 05/10/24)(a) | | |
2.75%, 02/15/27 (Call 05/30/24)(a) | | |
3.13%, 06/15/26 (Call 05/30/24)(a) | | |
3.75%, 06/15/28 (Call 05/30/24)(a) | | |
5.13%, 06/15/29 (Call 06/15/26)(a) | | |
5.50%, 06/15/31 (Call 06/15/27)(a) | | |
7.25%, 06/15/26 (Call 11/15/24)(a) | | |
Goldstory SAS, 6.75%, 02/01/30 (Call 02/01/26)(a) | | |
Holding d'Infrastructures des Metiers de l'Environnement, Series ., 0.63%, Series ., 09/16/28 (Call 06/16/28)(a) | | |
| | |
5.13%, 10/15/26 (Call 05/10/24)(a) | | |
5.63%, 10/15/28 (Call 10/15/24)(a) | | |
| | |
1.88%, 04/25/25 (Call 01/25/25)(a) | | |
1.88%, 02/11/28 (Call 11/11/27)(a) | | |
2.38%, 06/17/26 (Call 03/17/26)(a) | | |
5.38%, 06/14/27 (Call 03/14/27)(a) | | |
5.38%, 02/15/29 (Call 11/15/28)(a) | | |
5.63%, 02/15/30 (Call 11/15/29)(a) | | |
IPD 3 BV, 8.00%, 06/15/28 (Call 06/15/25)(a) | | |
Kapla Holding SAS, 3.38%, 12/15/26 (Call 05/10/24)(a) | | |
La Financiere Atalian SASU, 8.50%, 06/30/28 (Call 05/15/24) | | |
102024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® International High Yield Bond ETF(Percentages shown are based on Net Assets)
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2.88%, 04/15/26 (Call 05/10/24)(a) | | |
6.38%, 05/15/28 (Call 05/15/25)(a) | | |
6.38%, 05/31/29 (Call 12/15/25)(a) | | |
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3.50%, 07/01/28 (Call 07/01/24)(a) | | |
6.50%, 11/17/27 (Call 11/17/25)(a) | | |
Picard Groupe SAS, 3.88%, 07/01/26 (Call 05/30/24)(a) | | |
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1.00%, 11/28/25 (Call 08/28/25)(a) | | |
1.25%, 06/24/25 (Call 03/24/25)(a) | | |
2.38%, 05/25/26 (Call 02/25/26)(a) | | |
2.50%, 06/02/27 (Call 03/02/27)(a) | | |
2.50%, 04/01/28 (Call 01/01/28)(a) | | |
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2.13%, 12/15/28 (Call 12/15/24)(a) | | |
5.25%, 09/15/30 (Call 09/15/26)(a) | | |
SNF Group SACA, 2.00%, 02/01/26 (Call 05/10/24)(a) | | |
Tereos Finance Groupe I SA | | |
7.25%, 04/15/28 (Call 04/15/25)(a) | | |
7.50%, 10/30/25 (Call 05/30/24)(a) | | |
| | |
1.00%, 08/03/28 (Call 05/03/28)(a) | | |
1.50%, 06/18/25 (Call 03/18/25)(a) | | |
4.50%, 04/11/30 (Call 01/11/30)(a) | | |
5.38%, 05/28/27 (Call 02/28/27)(a) | | |
5.88%, 04/12/29 (Call 01/12/29)(a) | | |
| | |
|
alstria office REIT-AG, 1.50%, 06/23/26 (Call 03/23/26)(a) | | |
| | |
3.13%, 11/12/79 (Call 08/12/27)(a)(b) | | |
5.38%, 03/25/82 (Call 06/25/30), (5-year EUR Swap + 4.458%)(a)(b) | | |
6.63%, 09/25/83 (Call 09/25/28), (5-year EUR Swap + 3.432%)(a)(b) | | |
7.00%, 09/25/83 (Call 09/25/31), (5-year EUR Swap + 3.896%)(a)(b) | | |
Series N5.5, 4.50%, Series N5.5, 03/25/82 (Call 06/25/27), (5-year EUR Swap + 3.751%)(a)(b) | | |
Bertelsmann SE & Co. KGaA, 3.50%, 04/23/75 (Call 04/23/27), (5-year EUR Swap + 3.206%)(a)(b) | | |
Cheplapharm Arzneimittel GmbH | | |
3.50%, 02/11/27 (Call 05/30/24)(a) | | |
4.38%, 01/15/28 (Call 05/30/24)(a) | | |
7.50%, 05/15/30 (Call 05/15/26)(a) | | |
| | |
| | |
| | |
4.00%, 12/05/30 (Call 09/05/25), (5-year EUR Swap + 4.350%)(a)(b) | | |
4.88%, 10/16/34 (Call 07/16/29), (5-year EURIBOR ICE Swap + 2.150%)(a)(b) | | |
6.50%, 12/06/32 (Call 09/06/27), (5-year EURIBOR ICE Swap + 4.300%)(a)(b) | | |
6.75%, 10/05/33 (Call 07/05/28), (5-year EURIBOR ICE Swap + 3.700%)(a)(b) | | |
8.63%, 02/28/33 (Call 11/28/27), (5-year GUK + 5.251%)(a)(b) | | |
| | |
|
Commerzbank Ag Subordinated, 1.38%, 12/29/31 (Call 09/29/26), (5-year EUR Swap + 1.730%)(a)(b) | | |
Evonik Industries AG, 1.38%, 09/02/81 (Call 09/02/26), (5-year EUR Swap + 1.836%)(a)(b) | | |
Gruenenthal GmbH, 3.63%, 11/15/26 (Call 05/30/24)(a) | | |
Gruenenthal GMBH, 4.13%, 05/15/28 (Call 05/30/24)(a) | | |
| | |
3.75%, 09/15/26 (Call 05/10/24), (4.50% PIK)(a)(g) | | |
3.88%, 05/15/27 (Call 05/30/24), (4.62% PIK)(a)(g) | | |
8.75%, 05/15/28 (Call 05/15/25), (8.75% Cash and 9.50% PIK)(a)(g) | | |
Nidda Healthcare Holding GmbH, 7.50%, 08/21/26 (Call 05/10/24)(a) | | |
| | |
2.75%, 10/12/25 (Call 07/12/25)(a) | | |
2.88%, 03/26/27 (Call 12/26/26)(a) | | |
3.38%, 10/12/28 (Call 07/12/28)(a) | | |
4.50%, 03/28/30 (Call 12/28/29)(a) | | |
4.75%, 08/14/29 (Call 05/14/29)(a) | | |
TK Elevator Holdco GmbH, 6.63%, 07/15/28 (Call 05/30/24)(a) | | |
TK Elevator Midco GmbH, 4.38%, 07/15/27 (Call 05/10/24)(a) | | |
| | |
2.00%, 02/23/26 (Call 12/23/25)(a) | | |
2.50%, 10/23/27 (Call 07/23/27)(a) | | |
3.00%, 10/23/29 (Call 07/23/29)(a) | | |
4.75%, 01/31/29 (Call 10/31/28)(a) | | |
6.13%, 03/13/29 (Call 12/13/28)(a) | | |
| | |
2.00%, 05/06/27 (Call 02/06/27)(a) | | |
2.25%, 05/03/28 (Call 02/03/28)(a) | | |
2.75%, 05/25/27 (Call 02/25/27)(a) | | |
3.00%, 09/21/25 (Call 06/21/25)(a) | | |
3.75%, 09/21/28 (Call 06/21/28)(a) | | |
5.75%, 08/03/26 (Call 07/03/26)(a) | | |
| | |
|
| | |
2.50%, 03/23/28 (Call 03/23/27), (1-year EUR Swap + 2.849%)(a)(b) | | |
5.00%, 05/12/30 (Call 05/12/29), (1-year EUR Swap + 2.432%)(a)(b) | | |
7.50%, 06/16/27 (Call 06/16/26), (1-year EUR Swap + 5.084%)(a)(b) | | |
Alpha Services and Holdings SA, 5.50%, 06/11/31 (Call 03/11/26), (5-year EUR Swap + 5.823%)(a)(b) | | |
| | |
2.25%, 03/14/28 (Call 03/14/27), (1-year EUR Swap + 2.634%)(a)(b) | | |
4.88%, 04/30/31 (Call 04/30/30), (5-year EURIBOR ICE Swap + 2.165%)(a)(b) | | |
5.88%, 11/28/29 (Call 11/28/28), (1-year EUR Swap + 2.830%)(a)(b) | | |
7.00%, 01/26/29 (Call 01/26/28), (1-year EUR Swap + 4.418%)(a)(b) | | |
National Bank of Greece SA | | |
2.75%, 10/08/26 (Call 10/08/25), (5-year EUR Swap + 3.302%)(a)(b) | | |
4.50%, 01/29/29 (Call 01/29/28), (6-mo. EURIBOR + 1.812%)(a)(b) | | |
Schedule of Investments11
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® International High Yield Bond ETF(Percentages shown are based on Net Assets)
| | |
|
5.88%, 06/28/35 (Call 03/28/30), (5-year EURIBOR ICE Swap + 3.154%)(a)(b) | | |
8.00%, 01/03/34 (Call 10/03/28), (5-year EURIBOR ICE Swap + 4.646%)(a)(b) | | |
| | |
5.00%, 04/16/30 (Call 04/16/29), (1-year EURIBOR ICE Swap + 2.245%)(a)(b) | | |
6.75%, 12/05/29 (Call 12/05/28), (1-year EUR Swap + 2.837%)(a)(b) | | |
7.25%, 07/13/28 (Call 07/13/27), (1-year EUR Swap + 3.692%)(a)(b) | | |
Piraeus Financial Holdings SA, 7.25%, 04/17/34 (Call 01/17/29), (5-year EUR Swap + 4.773%)(a)(b) | | |
| | |
3.38%, 07/31/28 (Call 07/31/24)(a) | | |
4.38%, 03/30/26 (Call 05/30/24)(a) | | |
| | |
|
Teva Pharmaceutical Finance Netherlands II BV | | |
| | |
1.88%, 03/31/27 (Call 12/31/26)(a) | | |
3.75%, 05/09/27 (Call 02/09/27) | | |
4.38%, 05/09/30 (Call 02/09/30) | | |
7.38%, 09/15/29 (Call 06/15/29) | | |
7.88%, 09/15/31 (Call 06/15/31) | | |
| | |
|
| | |
| | |
| | |
Banca Monte dei Paschi di Siena SpA | | |
| | |
4.75%, 03/15/29 (Call 03/15/28), (3-mo. EURIBOR + 2.047%)(a)(b) | | |
6.75%, 09/05/27 (Call 09/05/26), (3-mo. EURIBOR + 3.283%)(a)(b) | | |
| | |
Banca Popolare di Sondrio SpA, 5.51%, 03/13/34 (Call 03/13/29), (5-year EUR Swap + 2.800%)(a)(b) | | |
| | |
3.25%, 01/14/31 (Call 01/14/26), (5-year EUR Swap + 3.800%)(a)(b) | | |
5.00%, 06/18/34 (Call 03/18/29), (5-year EUR Swap + 2.450%)(a)(b) | | |
| | |
| | |
3.88%, 07/25/32 (Call 01/25/27), (5-year EUR Swap + 3.728%)(a)(b) | | |
5.75%, 09/11/29 (Call 09/11/28), (3-mo. EURIBOR + 2.600%)(a)(b) | | |
6.13%, 02/01/28 (Call 02/01/27), (3-mo. EURIBOR + 3.600%)(a)(b) | | |
Cerved Group SpA, 6.00%, 02/15/29 (Call 03/15/25)(a) | | |
Engineering - Ingegneria Informatica - SpA, 5.88%, 09/30/26 (Call 05/15/24)(a) | | |
IMA Industria Macchine Automatiche SpA, 3.75%, 01/15/28 (Call 05/10/24)(a) | | |
Infrastrutture Wireless Italiane SpA | | |
1.63%, 10/21/28 (Call 07/21/28)(a) | | |
1.75%, 04/19/31 (Call 01/19/31)(a) | | |
| | |
|
1.88%, 07/08/26 (Call 04/08/26)(a) | | |
| | |
| | |
| | |
| | |
6.18%, 02/20/34 (Call 11/20/28), (5-year EURIBOR ICE Swap + 3.250%)(a)(b) | | |
Lottomatica SpA, 7.13%, 06/01/28 (Call 06/01/25)(a) | | |
Mediobanca Banca di Credito Finanziario SpA, 3.75%, 06/16/26 | | |
| | |
1.88%, 07/13/27 (Call 04/13/27)(a) | | |
1.88%, 02/12/28 (Call 11/12/27)(a) | | |
4.75%, 01/24/29 (Call 10/24/28)(a) | | |
| | |
1.63%, 04/30/26 (Call 01/30/26)(a) | | |
2.13%, 04/30/29 (Call 01/30/29)(a) | | |
Rossini Sarl, 6.75%, 10/30/25 (Call 05/10/24)(a) | | |
Saipem Finance International BV, 3.13%, 03/31/28 (Call 12/31/27)(a) | | |
| | |
6.88%, 02/15/28 (Call 11/15/27)(a) | | |
7.88%, 07/31/28 (Call 05/01/28)(a) | | |
Telecom Italia SpA/Milano | | |
1.63%, 01/18/29 (Call 10/18/28)(a) | | |
2.38%, 10/12/27 (Call 07/12/27)(a) | | |
2.75%, 04/15/25 (Call 01/15/25)(a) | | |
2.88%, 01/28/26 (Call 10/28/25)(a) | | |
| | |
| | |
2.73%, 01/15/32 (Call 01/15/27), (5-year EUR Swap + 2.800%)(a)(b) | | |
5.38%, 04/16/34 (Call 01/16/29), (5-year EURIBOR ICE Swap + 2.800%)(a)(b) | | |
| | |
3.88%, 07/28/26 (Call 01/28/26)(a) | | |
5.88%, 12/15/25 (Call 06/15/25)(a) | | |
7.00%, 09/27/28 (Call 03/27/28)(a) | | |
| | |
|
| | |
2.88%, 01/06/27 (Call 10/06/26)(a) | | |
3.13%, 09/19/25 (Call 06/21/25)(a) | | |
3.38%, 07/06/29 (Call 04/06/29)(a) | | |
3.88%, 07/06/32 (Call 04/06/32)(a) | | |
4.00%, 09/19/29 (Call 06/21/29)(a) | | |
4.50%, 04/20/25 (Call 01/20/25)(a) | | |
| | |
|
Aston Martin Capital Holdings Ltd., 10.38%, 03/31/29 (Call 03/15/26)(a) | | |
|
| | |
3.00%, 01/15/28 (Call 05/30/24)(a) | | |
4.25%, 08/15/29 (Call 08/15/24)(a) | | |
Altice Finco SA, 4.75%, 01/15/28 (Call 05/30/24)(a) | | |
| | |
4.00%, 02/15/28 (Call 05/30/24)(a) | | |
| | |
122024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® International High Yield Bond ETF(Percentages shown are based on Net Assets)
| | |
|
ARD Finance SA, 5.00%, 06/30/27 (Call 05/10/24), (5.00% Cash and 5.75% PIK)(a)(g) | | |
Cidron Aida Finco Sarl, 5.00%, 04/01/28 (Call 05/30/24)(a) | | |
Garfunkelux Holdco 3 SA, 6.75%, 11/01/25 (Call 05/30/24)(a) | | |
| | |
2.88%, 05/01/26 (Call 05/10/24)(a) | | |
6.63%, 05/15/28 (Call 02/15/25)(a) | | |
INEOS FINANCE PLC, 6.38%, 04/15/29 (Call 04/15/26)(a) | | |
Matterhorn Telecom SA, 3.13%, 09/15/26 (Call 05/30/24)(a) | | |
Summer BC Holdco A Sarl, 9.25%, 10/31/27 (Call 05/30/24)(a) | | |
Summer BC Holdco B Sarl, 5.75%, 10/31/26 (Call 05/30/24)(a) | | |
| | |
|
Boost Newco Borrower LLC / GTCR W Dutch Finance Sub BV, 8.50%, 01/15/31 (Call 01/15/27)(a) | | |
PPF Telecom Group BV, 3.13%, 03/27/26 (Call 12/27/25)(a) | | |
| | |
2.00%, 03/01/27 (Call 05/30/24)(a) | | |
5.13%, 03/01/29 (Call 03/01/26)(a) | | |
Sigma Holdco BV, 5.75%, 05/15/26 (Call 05/10/24)(a) | | |
Sunrise HoldCo IV BV, 3.88%, 06/15/29 (Call 05/10/24)(a) | | |
TMNL Holding BV, 3.75%, 01/15/29 (Call 01/15/25)(a) | | |
Trivium Packaging Finance BV, 3.75%, 08/15/26 (Call 05/30/24)(a) | | |
VZ Vendor Financing II BV, 2.88%, 01/15/29 (Call 05/10/24)(a) | | |
WP/AP Telecom Holdings III BV, 5.50%, 01/15/30 (Call 01/15/25)(a) | | |
Ziggo Bond Co. BV, 3.38%, 02/28/30 (Call 02/15/25)(a) | | |
Ziggo BV, 2.88%, 01/15/30 (Call 10/15/24)(a) | | |
| | |
|
Var Energi ASA, 7.86%, 11/15/83 (Call 11/15/28), (5-year EURIBOR ICE Swap + 4.765%)(a)(b) | | |
|
Banco Comercial Portugues SA, 4.00%, 05/17/32 (Call 11/17/26), (5-year EUR Swap + 4.065%)(a)(b) | | |
Caixa Economica Montepio Geral Caixa Economica Bancaria SA, 8.50%, 06/12/34 (Call 03/12/29), (5-year EURIBOR ICE Swap + 5.815%)(a)(b) | | |
EDP - Energias de Portugal SA | | |
1.50%, 03/14/82 (Call 12/14/26), (5-year EUR Swap + 1.888%)(a)(b) | | |
1.70%, 07/20/80 (Call 04/20/25), (5-year EUR Swap + 1.840%)(a)(b) | | |
1.88%, 08/02/81 (Call 05/02/26), (5-year EUR Swap + 2.380%)(a)(b) | | |
1.88%, 03/14/82 (Call 06/14/29), (5-year EUR Swap + 2.080%)(a)(b) | | |
5.94%, 04/23/83 (Call 01/23/28), (5-year EUR Swap + 3.184%)(a)(b) | | |
| | |
|
| | |
4.25%, 03/08/28 (Call 03/08/27), (3-mo. EURIBOR + 1.300%)(a)(b) | | |
9.88%, 12/01/33 (Call 06/01/28), (5-year EUR Swap + 6.714%)(a)(b) | | |
| | |
|
Summer BidCo BV, 10.00%, 02/15/29 (Call 02/05/25), (10.00% Cash and 10.75% PIK)(a)(g) | | |
| | |
4.00%, 11/15/27 (Call 05/30/24)(a) | | |
4.63%, 08/15/28 (Call 08/15/24)(a) | | |
5.25%, 02/01/30 (Call 02/01/25)(a) | | |
6.75%, 02/15/31 (Call 02/05/27)(a) | | |
| | |
|
Abanca Corp. Bancaria SA, 8.38%, 09/23/33 (Call 06/23/28), (5-year EURIBOR ICE Swap + 5.245%)(a)(b) | | |
Banco de Credito Social Cooperativo SA | | |
1.75%, 03/09/28 (Call 03/09/27), (1-year EUR Swap + 2.150%)(a)(b) | | |
5.25%, 11/27/31 (Call 05/27/26)(a)(b) | | |
7.50%, 09/14/29 (Call 09/14/28), (1-year EURIBOR ICE Swap + 4.269%)(a)(b) | | |
8.00%, 09/22/26 (Call 09/22/25), (1-year EUR Swap + 5.619%)(a)(b) | | |
| | |
2.50%, 04/15/31 (Call 01/15/26)(a)(b) | | |
5.13%, 06/27/34 (Call 03/27/29), (5-year EURIBOR ICE Swap + 2.400%)(a)(b) | | |
6.00%, 08/16/33 (Call 05/16/28), (5-year EUR Swap + 3.150%)(a)(b) | | |
Cirsa Finance International Sarl | | |
4.50%, 03/15/27 (Call 05/10/24)(a) | | |
7.88%, 07/31/28 (Call 07/19/25)(a) | | |
10.38%, 11/30/27 (Call 11/09/24)(a) | | |
Cirsa Finance International SARL, 6.50%, 03/15/29 (Call 02/13/26)(a) | | |
| | |
2.25%, 11/15/27 (Call 05/30/24)(a) | | |
3.20%, 05/01/25 (Call 05/24/24)(a) | | |
3.88%, 10/15/28 (Call 10/15/24)(a) | | |
Ibercaja Banco SA, 2.75%, 07/23/30 (Call 07/23/25), (5-year EUR Swap + 2.882%)(a)(b) | | |
Kaixo Bondco Telecom SA, 5.13%, 09/30/29 (Call 09/30/24)(a) | | |
Lorca Telecom Bondco SA, 4.00%, 09/18/27 (Call 05/14/24)(a) | | |
| | |
3.13%, 07/19/32 (Call 01/19/27), (5-year EUR Swap + 3.050%)(a)(b) | | |
5.50%, 06/22/34 (Call 06/22/29)(a)(b) | | |
7.25%, 11/15/27 (Call 11/15/26), (1-year EUR Swap + 4.250%)(a)(b) | | |
| | |
|
| | |
3.00%, 09/15/27 (Call 05/10/24)(a) | | |
3.50%, 07/15/26 (Call 05/10/24)(a) | | |
Schedule of Investments13
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® International High Yield Bond ETF(Percentages shown are based on Net Assets)
| | |
|
4.88%, 08/15/25 (Call 05/10/24)(a) | | |
Samhallsbyggnadsbolaget i Norden AB | | |
2.25%, 08/12/27 (Call 05/12/27)(a) | | |
2.38%, 09/04/26 (Call 06/04/26)(a) | | |
| | |
0.75%, 12/14/28 (Call 09/14/28)(a) | | |
1.13%, 11/26/29 (Call 08/26/29)(a) | | |
| | |
3.25%, 02/15/27 (Call 05/10/24)(a) | | |
3.88%, 07/15/26 (Call 05/10/24)(a) | | |
7.13%, 02/01/28 (Call 02/01/25)(a) | | |
9.25%, 10/15/27 (Call 10/15/24)(a) | | |
Verisure Midholding AB, 5.25%, 02/15/29 (Call 05/10/24)(a) | | |
| | |
2.50%, 10/07/27 (Call 07/07/27)(a) | | |
4.25%, 05/31/28 (Call 02/28/28)(a) | | |
| | |
| | |
|
| | |
2.00%, 02/15/27 (Call 05/30/24)(a) | | |
3.38%, 04/15/28 (Call 05/30/24)(a) | | |
4.75%, 04/18/31 (Call 04/18/27)(a) | | |
| | |
|
888 Acquisitions Ltd., 7.56%, 07/15/27 (Call 07/15/24)(a) | | |
Ardonagh Finco Ltd., 6.88%, 02/15/31 (Call 02/15/27)(a) | | |
BCP V Modular Services Finance II PLC, 4.75%, 11/30/28 (Call 11/30/24)(a) | | |
Bellis Acquisition Co. PLC | | |
3.25%, 02/16/26 (Call 05/30/24)(a) | | |
4.50%, 02/16/26 (Call 02/24/25)(a) | | |
Bellis Finco PLC, 4.00%, 02/16/27 (Call 05/30/24)(a) | | |
British Telecommunications PLC | | |
1.87%, 08/18/80 (Call 05/18/25), (5-year EUR Swap + 2.130%)(a)(b) | | |
5.13%, 10/03/54 (Call 07/03/29), (5-year EURIBOR ICE Swap + 2.542%)(a)(b) | | |
8.38%, 12/20/83 (Call 09/20/28), (5-year GUK + 3.820%)(a)(b) | | |
Canary Wharf Group Investment Holdings PLC, 3.38%, 04/23/28 (Call 01/23/28)(a) | | |
Deuce Finco PLC, 5.50%, 06/15/27 (Call 05/30/24)(a) | | |
eG Global Finance PLC, 11.00%, 11/30/28 (Call 05/30/26)(a) | | |
| | |
| | |
6.63%, 03/01/31 (Call 12/01/30)(a) | | |
Iceland Bondco PLC, 4.38%, 05/15/28 (Call 05/10/24)(a) | | |
INEOS Quattro Finance 2 PLC | | |
2.50%, 01/15/26 (Call 05/10/24)(a) | | |
8.50%, 03/15/29 (Call 11/15/25)(a) | | |
INEOS Styrolution Ludwigshafen GmbH, 2.25%, 01/16/27 (Call 05/10/24)(a) | | |
International Consolidated Airlines Group SA | | |
2.75%, 03/25/25 (Call 12/25/24)(a) | | |
3.75%, 03/25/29 (Call 12/25/28)(a) | | |
Jaguar Land Rover Automotive PLC | | |
4.50%, 01/15/26 (Call 10/15/25)(a) | | |
| | |
United Kingdom (continued) |
4.50%, 07/15/28 (Call 07/15/24)(a) | | |
Jerrold Finco PLC, 7.88%, 04/15/30 (Call 04/15/26)(a) | | |
Market Bidco Finco PLC, 5.50%, 11/04/27 (Call 11/04/24)(a) | | |
Miller Homes Group Finco PLC, 7.00%, 05/15/29 (Call 05/15/25)(a) | | |
Motion Finco Sarl, 7.38%, 06/15/30 (Call 06/15/26)(a) | | |
| | |
2.13%, 09/05/82 (Call 06/05/27)(a)(b) | | |
5.63%, 06/18/73 (Call 06/18/25), (12-year GBP Swap + 3.480%)(a)(b) | | |
| | |
8.25%, 10/11/28 (Call 10/11/25)(a) | | |
10.00%, 10/11/28 (Call 10/11/25)(a) | | |
Sherwood Financing PLC, 4.50%, 11/15/26 (Call 05/30/24)(a) | | |
Stonegate Pub Co. Financing 2019 PLC, 8.25%, 07/31/25 (Call 05/30/24)(a) | | |
Virgin Media Finance PLC, 3.75%, 07/15/30 (Call 07/15/25)(a) | | |
Virgin Media Secured Finance PLC | | |
4.13%, 08/15/30 (Call 08/15/25)(a) | | |
5.00%, 04/15/27 (Call 05/10/24)(a) | | |
Virgin Media Vendor Financing Notes III DAC, 4.88%, 07/15/28 (Call 05/30/24)(a) | | |
Vmed O2 UK Financing I PLC | | |
3.25%, 01/31/31 (Call 01/31/26)(a) | | |
4.00%, 01/31/29 (Call 05/10/24)(a) | | |
4.50%, 07/15/31 (Call 07/15/26)(a) | | |
5.63%, 04/15/32 (Call 04/15/27)(a) | | |
| | |
2.63%, 08/27/80 (Call 05/27/26), (5-year EUR Swap + 3.002%)(a)(b) | | |
3.00%, 08/27/80 (Call 05/27/30), (5-year EUR Swap + 3.477%)(a)(b) | | |
4.20%, 10/03/78 (Call 07/03/28), (5-year EUR Swap + 3.427%)(a)(b) | | |
6.50%, 08/30/84 (Call 05/30/29), (5-year EUR Swap + 3.489%)(a)(b) | | |
8.00%, 08/30/86 (Call 05/30/31), (5-year GUK + 3.837%)(a)(b) | | |
| | |
|
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL, 3.63%, 06/01/28 (Call 06/01/24)(a) | | |
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 3.00%, 09/01/29 (Call 05/31/24)(a) | | |
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc. | | |
2.13%, 08/15/26 (Call 05/31/24)(a) | | |
4.75%, 07/15/27 (Call 05/10/24)(a) | | |
Ashland Services BV, 2.00%, 01/30/28 (Call 11/01/27)(a) | | |
Avantor Funding Inc., 2.63%, 11/01/25 (Call 05/10/24)(a) | | |
| | |
7.00%, 02/28/29 (Call 02/28/26)(a) | | |
7.25%, 07/31/30 (Call 07/31/26)(a) | | |
Ball Corp., 1.50%, 03/15/27 (Call 12/15/26) | | |
Belden Inc., 3.88%, 03/15/28 (Call 05/30/24)(a) | | |
142024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® International High Yield Bond ETF(Percentages shown are based on Net Assets)
| | |
United States (continued) |
Boxer Parent Co. Inc., 6.50%, 10/02/25 (Call 05/30/24)(a) | | |
Brookfield Property Finance ULC | | |
3.93%, 08/24/25 (Call 07/24/25) | | |
4.00%, 09/30/26 (Call 08/30/26) | | |
7.13%, 02/13/28 (Call 01/13/28) | | |
Carnival PLC, 1.00%, 10/28/29 (Call 07/28/29) | | |
Catalent Pharma Solutions Inc., 2.38%, 03/01/28 (Call 05/30/24)(a) | | |
Chemours Co. (The), 4.00%, 05/15/26 (Call 05/30/24) | | |
Clarios Global LP/Clarios U.S. Finance Co., 4.38%, 05/15/26 (Call 05/31/24)(a) | | |
Constellium SE, 3.13%, 07/15/29 (Call 07/15/24)(a) | | |
| | |
3.88%, 04/15/26 (Call 05/10/24)(a) | | |
5.75%, 09/15/28 (Call 09/15/25)(a) | | |
Crown European Holdings SA | | |
3.38%, 05/15/25 (Call 11/15/24)(a) | | |
4.75%, 03/15/29 (Call 12/15/28)(a) | | |
5.00%, 05/15/28 (Call 04/15/28)(a) | | |
Dana Financing Luxembourg Sarl, 8.50%, 07/15/31 (Call 07/15/26)(a) | | |
Darling Global Finance BV, 3.63%, 05/15/26 (Call 05/10/24)(a) | | |
EMRLD Borrower LP/Emerald Co-Issuer Inc., 6.38%, 12/15/30 (Call 06/15/26)(a) | | |
Encore Capital Group Inc. | | |
4.88%, 10/15/25 (Call 05/10/24)(a) | | |
5.38%, 02/15/26 (Call 05/10/24)(a) | | |
Energizer Gamma Acquisition BV, 3.50%, 06/30/29 (Call 06/30/24)(a) | | |
Ford Credit Canada Co., 7.00%, 02/10/26 | | |
Goodyear Europe BV, 2.75%, 08/15/28 (Call 08/15/24)(a) | | |
International Game Technology PLC, 3.50%, 06/15/26 (Call 05/30/24)(a) | | |
| | |
1.75%, 03/15/26 (Call 05/30/24)(a) | | |
2.25%, 01/15/28 (Call 05/10/24)(a) | | |
2.25%, 03/15/29 (Call 05/10/24)(a) | | |
2.88%, 09/15/25 (Call 05/10/24)(a) | | |
Iron Mountain UK PLC, 3.88%, 11/15/25 (Call 05/10/24)(a) | | |
Levi Strauss & Co., 3.38%, 03/15/27 (Call 05/10/24) | | |
MPT Operating Partnership LP/MPT Finance Corp. | | |
2.50%, 03/24/26 (Call 02/22/26) | | |
3.33%, 03/24/25 (Call 12/24/24) | | |
3.69%, 06/05/28 (Call 04/06/28) | | |
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29 (Call 05/10/24)(a) | | |
OI European Group BV, 6.25%, 05/15/28 (Call 05/15/25)(a) | | |
Olympus Water U.S. Holding Corp. | | |
3.88%, 10/01/28 (Call 10/01/24)(a) | | |
9.63%, 11/15/28 (Call 06/01/25)(a) | | |
Organon & Co./Organon Foreign Debt Co.-Issuer BV, 2.88%, 04/30/28 (Call 05/10/24)(a) | | |
SCIL IV LLC/SCIL USA Holdings LLC, 9.50%, 07/15/28 (Call 07/15/25)(a) | | |
| | |
United States (continued) |
Silgan Holdings Inc., 2.25%, 06/01/28 (Call 05/15/24) | | |
Spectrum Brands Inc., 4.00%, 10/01/26 (Call 05/30/24)(a) | | |
Standard Industries Inc./NJ, 2.25%, 11/21/26 (Call 08/21/26)(a) | | |
Walgreens Boots Alliance Inc. | | |
2.13%, 11/20/26 (Call 08/20/26) | | |
3.60%, 11/20/25 (Call 08/20/25) | | |
WMG Acquisition Corp., 2.25%, 08/15/31 (Call 08/15/26)(a) | | |
| | |
Total Corporate Bonds & Notes — 97.1%
(Cost: $49,224,847) | |
| | |
|
|
| | |
Total Common Stocks — 0.0%
(Cost: $159,437) | |
Total Long-Term Investments — 97.1%
(Cost: $49,384,284) | |
|
Money Market Funds — 0.0% |
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.28%(i)(j) | | |
Total Short-Term Securities — 0.0%
(Cost: $10,000) | |
Total Investments — 97.1%
(Cost: $49,394,284) | |
Other Assets Less Liabilities — 2.9% | |
| |
| This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
| 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. |
| 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. |
| Issuer filed for bankruptcy and/or is in default. |
| Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
| Non-income producing security. |
| Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates. |
| 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. |
| |
| Annualized 7-day yield as of period end. |
Schedule of Investments15
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® International High Yield Bond ETF
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the six months ended April 30, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| | | | | Change in
Unrealized
Appreciation
(Depreciation) | | | | Capital
Gain
Distributions
from
Underlying
Funds |
BlackRock Cash Funds: Treasury, SL Agency Shares | | | | | | | | | |
| Represents net amount purchased (sold). |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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.
See notes to financial statements.
162024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)April 30, 2024
iShares® J.P. Morgan EM Corporate Bond ETF(Percentages shown are based on Net Assets)
| | |
|
|
Pampa Energia SA, 7.50%, 01/24/27 (Call 05/30/24)(a) | | |
| | |
| | |
| | |
7.00%, 12/15/47 (Call 06/15/47)(a) | | |
| | |
| | |
| | |
| | |
|
AngloGold Ashanti Holdings PLC | | |
3.38%, 11/01/28 (Call 09/01/28) | | |
3.75%, 10/01/30 (Call 07/01/30) | | |
| | |
|
AUB Sukuk Ltd., 2.62%, 09/09/26(a) | | |
|
Acu Petroleo Luxembourg SARL, 7.50%, 07/13/35 (Call 01/13/27)(a) | | |
Adecoagro SA, 6.00%, 09/21/27(a) | | |
| | |
6.75%, 05/20/29 (Call 05/20/25)(a) | | |
9.00%, 01/20/31 (Call 01/20/27)(a) | | |
Amaggi Luxembourg International SARL, 5.25%, 01/28/28(a) | | |
Ambipar Lux SARL, 9.88%, 02/06/31 (Call 02/06/27)(a) | | |
| | |
10.88%, 05/28/30 (Call 05/28/26)(a) | | |
11.93%, 08/28/28 (Call 02/28/26)(a) | | |
B3 SA - Brasil Bolsa Balcao, 4.13%, 09/20/31(a) | | |
Banco Bradesco SA/Cayman Islands, 4.38%, 03/18/27(a) | | |
Banco BTG Pactual SA/Cayman Islands, 2.75%, 01/11/26 (Call 12/11/25)(a) | | |
Banco do Brasil SA/Cayman | | |
| | |
| | |
| | |
| | |
8.75%, (Call 10/15/24), (10-year CMT + 4.398%)(a)(b)(d) | | |
9.00%, (Call 06/18/24), (10-year CMT + 6.362%)(a)(b)(d) | | |
Banco Votorantim SA, 4.38%, 07/29/25(a) | | |
Braskem America Finance Co., 7.13%, 07/22/41 (Call 01/22/41)(a) | | |
Braskem Netherlands Finance BV | | |
4.50%, 01/10/28 (Call 10/10/27)(a) | | |
4.50%, 01/31/30 (Call 10/31/29)(a) | | |
| | |
7.25%, 02/13/33 (Call 11/13/32)(a) | | |
8.50%, 01/23/81 (Call 10/24/25), (5-year CMT + 8.220%)(a)(b) | | |
| | |
4.88%, 01/24/30 (Call 10/24/29)(a) | | |
5.75%, 09/21/50 (Call 03/21/50)(a) | | |
| | |
|
Centrais Eletricas Brasileiras SA, 4.63%, 02/04/30(a) | | |
| | |
5.50%, 09/20/29 (Call 09/20/24)(a) | | |
| | |
7.50%, 06/27/30 (Call 06/27/26)(a) | | |
Cosan Overseas Ltd., 8.25%, (Call 08/05/24)(a)(d) | | |
CSN Inova Ventures, 6.75%, 01/28/28 (Call 05/30/24)(a) | | |
| | |
4.63%, 06/10/31 (Call 06/10/26)(a) | | |
| | |
8.88%, 12/05/30 (Call 12/05/26)(a) | | |
Embraer Netherlands Finance BV | | |
| | |
7.00%, 07/28/30 (Call 04/28/30)(a) | | |
Globo Comunicacao e Participacoes SA, 4.88%, 01/22/30(a) | | |
Guara Norte Sarl, 5.20%, 06/15/34(a) | | |
GUSAP III LP, 4.25%, 01/21/30 (Call 07/21/29)(a) | | |
Itau Unibanco Holding SA/Cayman Island | | |
3.88%, 04/15/31 (Call 01/15/26), (5-year CMT + 3.446%)(a)(b) | | |
4.50%, 11/21/29 (Call 11/21/24), (5-year CMT + 2.822%)(a)(b) | | |
4.63%, (Call 02/27/25), (5-year CMT + 3.222%)(a)(b)(d) | | |
7.72%, (Call 06/12/24), (5-year CMT + 3.981%)(a)(b)(d) | | |
7.86%, , (5-year CMT + 3.863%)(a)(b)(d) | | |
| | |
3.20%, 01/12/31 (Call 10/12/30)(a) | | |
5.75%, 04/03/29 (Call 01/03/29)(a) | | |
7.00%, 04/03/49 (Call 10/03/48)(a) | | |
MARB BondCo PLC, 3.95%, 01/29/31 (Call 01/29/26)(a) | | |
MC Brazil Downstream Trading SARL, 7.25%, 06/30/31(a) | | |
MercadoLibre Inc., 3.13%, 01/14/31 (Call 10/14/30) | | |
| | |
| | |
8.88%, 09/13/33 (Call 09/13/28)(a) | | |
NBM U.S. Holdings Inc., 7.00%, 05/14/26 (Call 05/30/24)(a) | | |
Petrobras Global Finance BV | | |
| | |
5.50%, 06/10/51 (Call 12/10/50)(e) | | |
5.60%, 01/03/31 (Call 10/03/30)(e) | | |
| | |
6.50%, 07/03/33 (Call 04/03/33)(e) | | |
| | |
| | |
| | |
| | |
| | |
| | |
Petrorio Luxembourg Trading Sarl, 6.13%, 06/09/26(a) | | |
| | |
6.45%, 03/05/34 (Call 12/05/33)(c) | | |
6.95%, 03/05/54 (Call 09/05/53)(a) | | |
| | |
4.50%, 01/22/30 (Call 10/22/29)(a) | | |
Schedule of Investments17
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Corporate Bond ETF(Percentages shown are based on Net Assets)
| | |
|
4.95%, 01/17/28 (Call 10/17/27)(a) | | |
Rumo Luxembourg Sarl, 5.25%, 01/10/28(a) | | |
Samarco Mineracao SA, 9.50%, 06/30/31 (Call 05/16/24), (9.00% PIK)(c)(f) | | |
Simpar Europe SA, 5.20%, 01/26/31(a) | | |
Sitios Latinoamerica SAB de CV, 5.38%, 04/04/32(a) | | |
StoneCo Ltd., 3.95%, 06/16/28 (Call 05/16/28)(a) | | |
| | |
2.50%, 09/15/28 (Call 07/15/28) | | |
3.13%, 01/15/32 (Call 10/15/31)(e) | | |
3.75%, 01/15/31 (Call 10/15/30)(e) | | |
5.00%, 01/15/30 (Call 10/15/29) | | |
| | |
6.00%, 01/15/29 (Call 10/15/28) | | |
7.00%, 03/16/47 (Call 09/16/46)(a) | | |
Suzano International Finance BV, 5.50%, 01/17/27 | | |
Usiminas International Sarl, 5.88%, 07/18/26 (Call 05/30/24)(a) | | |
| | |
3.75%, 07/08/30 (Call 04/08/30) | | |
6.13%, 06/12/33 (Call 03/12/33) | | |
| | |
| | |
| | |
XP Inc., 3.25%, 07/01/26(a) | | |
| | |
British Virgin Islands — 0.0% |
Joy Treasure Assets Holdings Inc., 5.50%, 02/01/27 (Call 11/01/26)(a) | | |
|
Endeavour Mining PLC, 5.00%, 10/14/26(a) | | |
|
CCCI Treasure Ltd., 3.65%, (Call 11/21/26), (5-year CMT + 5.117%)(a)(b)(d) | | |
|
Al Rajhi Sukuk Ltd., 5.05%, 03/12/29(a) | | |
Alinma Tier 1 Sukuk Ltd., 6.50%, (Call 03/06/29), (5-year CMT + 2.201%)(a)(b)(d) | | |
Doha Finance Ltd., 5.25%, 03/12/29(a) | | |
QNB Finance Ltd., 6.56%, 04/02/29, (1-day SOFR + 1.200%)(b) | | |
SNB Sukuk Ltd., 5.13%, 02/27/29(a) | | |
| | |
|
AES Andes SA, 6.30%, 03/15/29 (Call 02/15/29)(c) | | |
AES Andes SA., 7.13%, 03/26/79 (Call 05/20/24), (5-year USD Swap + 4.644%)(a)(b) | | |
Agrosuper SA, 4.60%, 01/20/32 (Call 10/20/31)(a) | | |
Alfa Desarrollo SpA, 4.55%, 09/27/51 (Call 03/27/51)(a) | | |
| | |
| | |
| | |
6.25%, 05/02/34 (Call 02/02/34)(c) | | |
Banco de Chile, 2.99%, 12/09/31(a) | | |
Banco de Credito e Inversiones SA | | |
2.88%, 10/14/31 (Call 07/14/31)(a)(e) | | |
| | |
| | |
|
8.75%, (Call 02/08/29), (5-year CMT + 4.944%)(a)(b)(d)(e) | | |
Banco Santander Chile, 3.18%, 10/26/31 (Call 07/28/31)(a)(e) | | |
Celulosa Arauco y Constitucion SA | | |
4.20%, 01/29/30 (Call 10/29/29)(a) | | |
4.25%, 04/30/29 (Call 01/30/29)(a) | | |
5.15%, 01/29/50 (Call 07/29/49)(a) | | |
5.50%, 04/30/49 (Call 10/30/48)(a) | | |
Cencosud SA, 4.38%, 07/17/27 (Call 04/17/27)(a) | | |
Chile Electricity Lux MPC Sarl, 6.01%, 01/20/33(a) | | |
Cia. Cervecerias Unidas SA, 3.35%, 01/19/32 (Call 10/19/31)(a) | | |
| | |
3.15%, 03/06/30 (Call 12/06/29)(a) | | |
3.15%, 01/19/32 (Call 10/19/31)(a) | | |
3.95%, 10/11/27 (Call 07/11/27)(a) | | |
Empresa Nacional de Telecomunicaciones SA | | |
3.05%, 09/14/32 (Call 06/14/32)(a) | | |
4.75%, 08/01/26 (Call 05/03/26)(a) | | |
Enel Americas SA, 4.00%, 10/25/26 (Call 07/25/26) | | |
Enel Chile SA, 4.88%, 06/12/28 (Call 03/12/28) | | |
Engie Energia Chile SA, 3.40%, 01/28/30 (Call 10/28/29)(a) | | |
Falabella SA, 3.38%, 01/15/32 (Call 10/15/31)(a) | | |
GNL Quintero SA, 4.63%, 07/31/29(a) | | |
Interchile SA, 4.50%, 06/30/56 (Call 12/30/55)(a) | | |
| | |
3.00%, 04/06/31 (Call 01/06/31)(a) | | |
3.85%, 01/13/30 (Call 10/13/29)(a) | | |
| | |
6.13%, 06/23/33 (Call 03/23/33)(a) | | |
6.13%, 02/26/34 (Call 11/26/33)(c) | | |
Latam Airlines Group SA, 13.38%, 10/15/29(a) | | |
Sociedad Quimica y Minera de Chile SA | | |
3.50%, 09/10/51 (Call 03/10/51)(a) | | |
6.50%, 11/07/33 (Call 08/07/33)(a) | | |
Telefonica Moviles Chile SA, 3.54%, 11/18/31(a) | | |
| | |
|
Agricultural Bank of China Ltd./New York, 5.98%, 01/24/27, (1-day SOFR Index + 0.630%)(a)(b) | | |
Alibaba Group Holding Ltd. | | |
2.13%, 02/09/31 (Call 11/09/30)(e) | | |
2.70%, 02/09/41 (Call 08/09/40) | | |
3.15%, 02/09/51 (Call 08/09/50) | | |
3.25%, 02/09/61 (Call 08/09/60) | | |
3.40%, 12/06/27 (Call 09/06/27) | | |
4.00%, 12/06/37 (Call 06/06/37) | | |
4.20%, 12/06/47 (Call 06/06/47)(e) | | |
4.40%, 12/06/57 (Call 06/06/57) | | |
4.50%, 11/28/34 (Call 05/28/34) | | |
| | |
| | |
| | |
| | |
2.38%, 08/23/31 (Call 05/23/31) | | |
| | |
4.38%, 03/29/28 (Call 12/29/27) | | |
Bank of China Ltd./Hong Kong, 3.88%, 06/30/25(a) | | |
Bank of China Ltd./Luxembourg, 1.40%, 04/28/26(a) | | |
182024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Corporate Bond ETF(Percentages shown are based on Net Assets)
| | |
|
Bank of China Ltd./New York, 4.63%, 06/26/26(a) | | |
Bank of Communications Co. Ltd., 3.80%, (Call 11/18/25), (5-year CMT + 3.345%)(a)(b)(d) | | |
Bank of Communications Co. Ltd./Hong Kong | | |
| | |
| | |
| | |
1.75%, 01/21/26 (Call 12/21/25)(a) | | |
2.63%, 09/17/30 (Call 06/17/30)(a)(e) | | |
3.00%, 09/11/29 (Call 06/11/29)(a)(e) | | |
3.50%, 09/18/27 (Call 06/18/27)(a) | | |
3.88%, 04/27/26 (Call 01/27/26)(a) | | |
4.50%, 05/23/28 (Call 04/23/28)(a) | | |
| | |
4.88%, 05/03/33 (Call 02/03/33)(a) | | |
5.00%, 01/17/29 (Call 12/17/28)(a) | | |
5.75%, 11/09/28 (Call 10/09/28)(a) | | |
BOCOM International Blossom Ltd., 1.75%, 06/28/26(a) | | |
CCBL Cayman 1 Corp. Ltd., 1.80%, 07/22/26(a) | | |
CCCI Treasure Ltd., 3.43%, (Call 11/21/24), (5-year CMT + 4.998%)(a)(b)(d) | | |
CDBL Funding 2, 2.00%, 03/04/26(a) | | |
Central Plaza Development Ltd., 4.65%, 01/19/26 (Call 10/19/25)(a) | | |
Chalco Hong Kong Investment Co. Ltd., 2.10%, 07/28/26 (Call 06/28/26)(a) | | |
Charming Light Investments Ltd., 4.38%, 12/21/27(a) | | |
China Cinda 2020 I Management Ltd. | | |
3.00%, 01/20/31 (Call 10/20/30)(a) | | |
3.13%, 03/18/30 (Call 12/18/29)(a) | | |
3.25%, 01/28/27 (Call 10/28/26)(a) | | |
China Cinda Finance 2017 I Ltd. | | |
| | |
| | |
China Construction Bank Corp. | | |
2.45%, 06/24/30 (Call 06/24/25), (5-year CMT + 2.150%)(a)(b) | | |
2.85%, 01/21/32 (Call 01/21/27), (5-year CMT + 1.400%)(a)(b) | | |
China Construction Bank Corp./Hong Kong | | |
| | |
| | |
China Development Bank Financial Leasing Co. Ltd., 2.88%, 09/28/30 (Call 09/28/25), (5-year CMT + 2.750%)(a)(b) | | |
China Everbright Bank Co. Ltd./Sydney, 5.98%, 09/20/26, (1-day SOFR + 0.630%)(a)(b) | | |
China Great Wall International Holdings III Ltd., 3.88%, 08/31/27(a) | | |
China Mengniu Dairy Co. Ltd., 1.88%, 06/17/25 (Call 05/17/25)(a) | | |
China Merchants Bank Co. Ltd./Hong Kong, 1.20%, 09/10/25(a) | | |
China Modern Dairy Holdings Ltd., 2.13%, 07/14/26 (Call 06/14/26)(a) | | |
China Overseas Finance Cayman VI Ltd., 6.45%, 06/11/34(a) | | |
China Overseas Finance Cayman VIII Ltd., 2.75%, 03/02/30(a) | | |
China Railway Xunjie Co. Ltd., 4.00%, 07/06/27(a) | | |
| | |
|
China Resources Land Ltd., 3.75%, (Call 12/09/24), (5-year CMT + 5.139%)(a)(b)(d) | | |
China State Construction Finance Cayman I Ltd., 3.40%, (Call 06/08/26), (5-year CMT + 5.581%)(a)(b)(d) | | |
China Taiping Insurance Holdings Co. Ltd., 6.40%, (Call 03/09/28), (5-year CMT + 2.072%)(a)(b)(d) | | |
CICC Hong Kong Finance 2016 MTN Ltd. | | |
| | |
| | |
| | |
6.30%, 01/18/27, (1-day SOFR Index + 0.950%)(a)(b) | | |
| | |
| | |
2.88%, 02/17/27 (Call 01/17/27)(a) | | |
| | |
CMB International Leasing Management Ltd., 1.88%, 08/12/25(a) | | |
CMHI Finance BVI Co. Ltd. | | |
4.00%, 06/01/27 (Call 05/01/27)(a) | | |
| | |
| | |
2.88%, 09/30/29 (Call 06/30/29) | | |
3.30%, 09/30/49 (Call 03/30/49) | | |
CNOOC Finance 2015 USA LLC, 4.38%, 05/02/28 | | |
CNOOC Petroleum North America ULC | | |
| | |
| | |
| | |
CNPC HK Overseas Capital Ltd., 5.95%, 04/28/41(a) | | |
Contemporary Ruiding Development Ltd. | | |
| | |
1.88%, 09/17/25 (Call 08/17/25)(a) | | |
COSL Singapore Capital Ltd., 4.50%, 07/30/25(a) | | |
CSCEC Finance Cayman II Ltd., 3.50%, 07/05/27(a) | | |
| | |
6.50%, 07/11/27 (Call 05/30/24), (7.50% PIK)(f) | | |
6.50%, 07/11/28 (Call 05/30/24), (7.50% PIK)(f) | | |
ENN Clean Energy International Investment Ltd., 3.38%, 05/12/26 (Call 05/30/24)(a) | | |
ENN Energy Holdings Ltd., 4.63%, 05/17/27 (Call 04/17/27)(a) | | |
Fortune Star BVI Ltd., 5.95%, 10/19/25 (Call 05/30/24)(a) | | |
Franshion Brilliant Ltd., 4.25%, 07/23/29(a) | | |
Fuqing Investment Management Ltd., 3.25%, 06/23/25(a) | | |
GLP China Holdings Ltd., 2.95%, 03/29/26(a) | | |
Horse Gallop Finance Ltd., 1.70%, 07/28/25(a) | | |
Huarong Finance 2017 Co. Ltd. | | |
| | |
| | |
Huarong Finance 2019 Co. Ltd., 4.50%, 05/29/29(a) | | |
Huarong Finance II Co. Ltd., 5.00%, 11/19/25(a) | | |
| | |
| | |
| | |
| | |
Schedule of Investments19
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Corporate Bond ETF(Percentages shown are based on Net Assets)
| | |
|
Industrial & Commercial Bank of China Ltd. | | |
3.20%, (Call 09/24/26), (5-year CMT + 2.368%)(a)(b)(d) | | |
| | |
| | |
Industrial & Commercial Bank of China Ltd./Dubai DIFC, 6.28%, 01/19/26, (1-day SOFR + 0.930%)(a)(b) | | |
Industrial & Commercial Bank of China Ltd./Hong Kong | | |
| | |
| | |
Industrial & Commercial Bank of China Ltd./New York, 3.54%, 11/08/27 | | |
Industrial & Commercial Bank of China Ltd./Singapore, 1.20%, 09/09/25(a) | | |
JD.com Inc., 3.38%, 01/14/30 (Call 10/14/29) | | |
| | |
3.42%, 11/02/30 (Call 08/02/30)(a) | | |
5.83%, 01/27/28 (Call 12/27/27)(a) | | |
6.54%, 07/27/32 (Call 04/27/32)(a) | | |
Longfor Group Holdings Ltd., 3.95%, 09/16/29(a) | | |
| | |
2.13%, 10/28/25 (Call 09/28/25)(a) | | |
3.05%, 10/28/30 (Call 07/28/30)(a) | | |
| | |
| | |
| | |
| | |
3.06%, 07/13/31 (Call 04/13/31)(a) | | |
3.26%, 01/19/27 (Call 12/19/26)(a) | | |
3.68%, 01/21/30 (Call 10/21/29)(a) | | |
3.83%, 02/08/51 (Call 08/08/50)(a) | | |
4.03%, 08/03/50 (Call 02/03/50)(a) | | |
4.19%, 01/19/32 (Call 10/19/31)(a) | | |
4.85%, 07/06/27 (Call 04/06/27)(a) | | |
| | |
RKPF Overseas 2020 A Ltd., 5.13%, 07/26/26 (Call 07/26/24)(a) | | |
SF Holding Investment 2021 Ltd., 3.13%, 11/17/31(a) | | |
SF Holding Investment Ltd., 2.38%, 11/17/26(a) | | |
Shanghai Port Group BVI Development 2 Co. Ltd., 2.38%, 07/13/30 (Call 04/13/30)(a) | | |
Sinopec Capital 2013 Ltd., 4.25%, 04/24/43(a) | | |
Sunac China Holdings Ltd., 7.00%, 09/30/29 (Call 05/23/24), (12.00% PIK)(a)(f) | | |
| | |
1.81%, 01/26/26 (Call 12/26/25)(a) | | |
2.39%, 06/03/30 (Call 03/03/30)(a)(e) | | |
2.88%, 04/22/31 (Call 01/22/31)(a)(e) | | |
3.24%, 06/03/50 (Call 12/03/49)(a) | | |
3.58%, 04/11/26 (Call 02/11/26)(a) | | |
3.60%, 01/19/28 (Call 10/19/27)(a)(e) | | |
3.68%, 04/22/41 (Call 10/22/40)(a) | | |
3.84%, 04/22/51 (Call 10/22/50)(a) | | |
3.93%, 01/19/38 (Call 07/19/37)(a) | | |
3.94%, 04/22/61 (Call 10/22/60)(a) | | |
3.98%, 04/11/29 (Call 01/11/29)(a) | | |
4.53%, 04/11/49 (Call 10/11/48)(a)(e) | | |
Tencent Music Entertainment Group, 2.00%, 09/03/30 (Call 06/03/30) | | |
| | |
|
Vanke Real Estate Hong Kong Co. Ltd., 3.98%, 11/09/27(a) | | |
Vigorous Champion International Ltd., 2.75%, 06/02/25(a) | | |
Weibo Corp., 3.38%, 07/08/30 (Call 04/08/30) | | |
West China Cement Ltd., 4.95%, 07/08/26 (Call 07/08/24)(a) | | |
Westwood Group Holdings Ltd., 2.80%, 01/20/26(a) | | |
Xiaomi Best Time International Ltd. | | |
2.88%, 07/14/31 (Call 04/14/31)(a) | | |
3.38%, 04/29/30 (Call 01/29/30)(a) | | |
Yanlord Land HK Co. Ltd., 5.13%, 05/20/26 (Call 05/30/24)(a) | | |
Yunda Holding Investment Ltd., 2.25%, 08/19/25(a) | | |
ZhongAn Online P&C Insurance Co. Ltd., 3.13%, 07/16/25 (Call 04/16/25)(a) | | |
| | |
|
ABRA Global Finance, 11.50%, 03/02/28 (Call 03/02/25), (5.50% PIK)(a)(f) | | |
AI Candelaria Spain SA, 5.75%, 06/15/33(a) | | |
| | |
9.00%, 12/01/28 (Call 12/01/24)(c)(e) | | |
9.00%, 12/01/28 (Call 12/01/24)(a) | | |
Banco Davivienda SA, 6.65%, , (10-year CMT + 5.097%)(a)(b)(d) | | |
Banco de Bogota SA, 6.25%, 05/12/26(a) | | |
| | |
4.63%, 12/18/29 (Call 12/18/24), (5-year CMT + 2.944%)(b) | | |
6.91%, 10/18/27, (5-year CMT + 2.929%)(b)(e) | | |
Canacol Energy Ltd., 5.75%, 11/24/28 (Call 11/24/24)(a) | | |
Colombia Telecomunicaciones SA ESP, 4.95%, 07/17/30(a) | | |
| | |
4.63%, 11/02/31 (Call 08/02/31) | | |
5.38%, 06/26/26 (Call 03/26/26) | | |
| | |
5.88%, 11/02/51 (Call 05/02/51) | | |
6.88%, 04/29/30 (Call 01/29/30) | | |
| | |
8.38%, 01/19/36 (Call 10/19/35) | | |
8.63%, 01/19/29 (Call 12/19/28) | | |
8.88%, 01/13/33 (Call 10/13/32) | | |
EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA, 5.38%, 12/30/30(a) | | |
Geopark Ltd., 5.50%, 01/17/27 (Call 05/10/24)(a) | | |
Gran Tierra Energy Inc., 9.50%, 10/15/29 (Call 10/15/26)(a) | | |
Grupo Aval Ltd., 4.38%, 02/04/30 (Call 11/04/29)(a) | | |
Grupo de Inversiones Suramericana SA, 5.50%, 04/29/26(a) | | |
Promigas SA ESP/Gases del Pacifico SAC, 3.75%, 10/16/29 (Call 07/16/29)(a)(e) | | |
SierraCol Energy Andina LLC, 6.00%, 06/15/28 (Call 06/15/24)(a) | | |
Transportadora de Gas Internacional SA ESP, 5.55%, 11/01/28 (Call 08/01/28)(a) | | |
| | |
202024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Corporate Bond ETF(Percentages shown are based on Net Assets)
| | |
|
Allwyn Entertainment Financing U.K. PLC, 7.88%, 04/30/29(a) | | |
|
Kosmos Energy Ltd., 7.13%, 04/04/26 (Call 05/10/24)(a) | | |
Tullow Oil PLC, 10.25%, 05/15/26 (Call 05/10/24)(a) | | |
| | |
|
Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL, 5.25%, 04/27/29 (Call 04/27/26)(a) | | |
CT Trust, 5.13%, 02/03/32 (Call 02/03/27)(a) | | |
Investment Energy Resources Ltd., 6.25%, 04/26/29 (Call 04/26/25)(a) | | |
Millicom International Cellular SA | | |
4.50%, 04/27/31 (Call 04/27/26)(a) | | |
6.25%, 03/25/29 (Call 05/10/24)(a) | | |
| | |
|
| | |
2.70%, (Call 04/07/26), (5-year CMT + 1.758%)(a)(b)(d) | | |
3.20%, 09/16/40 (Call 03/16/40)(a)(e) | | |
3.38%, 04/07/30 (Call 01/07/30)(a) | | |
3.60%, 04/09/29 (Call 01/09/29)(a) | | |
3.90%, 04/06/28 (Call 01/06/28)(a) | | |
4.50%, 03/16/46 (Call 09/16/45)(a) | | |
4.95%, 04/04/33 (Call 01/04/33)(a) | | |
5.38%, 04/05/34 (Call 01/05/34)(c) | | |
5.63%, 10/25/27 (Call 09/25/27)(a) | | |
Bank of Communications Hong Kong Ltd. | | |
2.30%, 07/08/31 (Call 07/08/26), (5-year CMT + 1.400%)(a)(b) | | |
3.73%, (Call 03/03/25), (5-year CMT + 2.525%)(a)(b)(d) | | |
Bank of East Asia Ltd. (The) | | |
4.00%, 05/29/30 (Call 05/29/25), (5-year CMT + 3.750%)(a)(b) | | |
4.88%, 04/22/32 (Call 04/22/27), (5-year CMT + 2.300%)(a)(b) | | |
5.83%, (Call 10/21/25), (5-year CMT + 5.527%)(a)(b)(d) | | |
5.88%, (Call 09/19/24), (5-year CMT + 4.257%)(a)(b)(d) | | |
CAS Capital No. 1 Ltd., 4.00%, (Call 07/12/26), (5-year CMT + 3.642%)(a)(b)(d) | | |
Castle Peak Power Finance Co. Ltd., 3.25%, 07/25/27(a) | | |
Cathay Pacific MTN Financing HK Ltd., 4.88%, 08/17/26(a) | | |
China CITIC Bank International Ltd. | | |
4.80%, (Call 04/22/27), (5-year CMT + 2.104%)(a)(b)(d) | | |
6.00%, 12/05/33 (Call 12/05/28), (5-year CMT + 1.650%)(a)(b) | | |
CLP Power HK Finance Ltd., 3.55%, (Call 02/06/25), (5-year CMT + 2.041%)(a)(b)(d) | | |
| | |
6.38%, (Call 09/13/24), (5-year CMT + 4.876%)(a)(b)(d) | | |
| | |
|
8.05%, (Call 06/15/24), (5-year CMT + 4.865%)(a)(b)(d) | | |
| | |
HKT Capital No. 4 Ltd., 3.00%, 07/14/26(a) | | |
HKT Capital No. 5 Ltd., 3.25%, 09/30/29(a) | | |
HKT Capital No. 6 Ltd., 3.00%, 01/18/32 (Call 10/18/31)(a) | | |
Hongkong Electric Finance Ltd. | | |
1.88%, 08/27/30 (Call 02/27/30)(a) | | |
| | |
Hongkong Land Finance Cayman Islands Co. Ltd. (The) | | |
2.25%, 07/15/31 (Call 04/15/31)(a) | | |
2.88%, 05/27/30 (Call 02/27/30)(a) | | |
HPHT Finance 21 II Ltd., 1.50%, 09/17/26 (Call 08/17/26)(a) | | |
HPHT Finance 21 Ltd., 2.00%, 03/19/26 (Call 02/19/26)(a) | | |
Hysan MTN Ltd., 2.82%, 09/04/29(a) | | |
IFC Development Corporate Treasury Ltd., 3.63%, 04/17/29(a) | | |
Inventive Global Investments Ltd., 1.65%, 09/03/25(a) | | |
JMH Co. Ltd., 2.50%, 04/09/31 (Call 01/09/31)(a) | | |
Joy Treasure Assets Holdings Inc., 3.50%, 09/24/29 (Call 06/24/29)(a) | | |
Li & Fung Ltd., 5.25%, (Call 11/03/24)(a)(d) | | |
Link Finance Cayman 2009 Ltd. (The) | | |
| | |
| | |
Melco Resorts Finance Ltd. | | |
4.88%, 06/06/25 (Call 05/30/24)(a) | | |
5.25%, 04/26/26 (Call 05/30/24)(a)(e) | | |
5.38%, 12/04/29 (Call 12/04/24)(a) | | |
5.63%, 07/17/27 (Call 05/30/24)(a)(e) | | |
5.75%, 07/21/28 (Call 05/30/24)(a) | | |
7.63%, 04/17/32 (Call 04/17/27)(c) | | |
MTR Corp. Ltd., 1.63%, 08/19/30(a) | | |
Nan Fung Treasury III Ltd., 5.00%, (Call 05/30/24)(a)(d) | | |
Nan Fung Treasury Ltd., 3.63%, 08/27/30(a) | | |
Nanyang Commercial Bank Ltd. | | |
3.80%, 11/20/29 (Call 11/20/24), (5-year CMT + 2.180%)(a)(b) | | |
6.50%, (Call 04/28/27), (5-year CMT + 3.509%)(a)(b)(d) | | |
New World China Land Ltd., 4.75%, 01/23/27(a) | | |
| | |
4.13%, (Call 03/10/28), (5-year CMT + 5.858%)(a)(b)(d) | | |
4.80%, (Call 05/30/24)(a)(d) | | |
5.25%, (Call 03/22/26), (5-year CMT + 7.889%)(a)(b)(d) | | |
6.25%, (Call 09/07/24)(a)(d) | | |
NWD MTN Ltd., 4.13%, 07/18/29(a) | | |
Panther Ventures Ltd., 3.50%, (Call 05/30/24)(a)(d) | | |
PCPD Capital Ltd., 5.13%, 06/18/26 (Call 06/18/24)(a) | | |
Phoenix Lead Ltd., 4.85%, (Call 08/23/24)(a)(d) | | |
Prudential Funding Asia PLC | | |
2.95%, 11/03/33 (Call 08/03/28), (5-year CMT + 1.517%)(a)(b) | | |
| | |
Schedule of Investments21
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Corporate Bond ETF(Percentages shown are based on Net Assets)
| | |
|
4.88%, (Call 07/20/24)(a)(d) | | |
Seaspan Corp., 5.50%, 08/01/29 (Call 08/01/24)(a) | | |
Sun Hung Kai Properties Capital Market Ltd. | | |
2.75%, 05/13/30 (Call 02/13/30)(a) | | |
| | |
| | |
Swire Pacific MTN Financing HK Ltd., 2.88%, 01/30/30 (Call 10/30/29)(a) | | |
Swire Properties MTN Financing Ltd., 3.63%, 01/13/26(a) | | |
Wharf REIC Finance BVI Ltd., 3.50%, 01/17/28(a) | | |
Wheelock MTN BVI Ltd., 2.38%, 01/25/26(a) | | |
| | |
|
| | |
7.50%, 05/25/27 (Call 05/25/26), (1-year CMT + 3.711%)(a)(b) | | |
8.75%, 05/15/33 (Call 02/15/28), (5-year CMT + 5.060%)(a)(b) | | |
| | |
|
ABJA Investment Co. Pte Ltd., 5.45%, 01/24/28(a) | | |
Adani Electricity Mumbai Ltd., 3.95%, 02/12/30(a) | | |
Adani Ports & Special Economic Zone Ltd. | | |
| | |
4.00%, 07/30/27 (Call 06/30/27)(a) | | |
4.20%, 08/04/27 (Call 02/04/27)(a) | | |
| | |
Adani Transmission Step-One Ltd., 4.00%, 08/03/26(a) | | |
Axis Bank Ltd./Gandhinagar, 4.10%, (Call 09/08/26), (5-year CMT + 3.315%)(a)(b)(d) | | |
| | |
| | |
| | |
CA Magnum Holdings, 5.38%, 10/31/26 (Call 05/10/24)(a) | | |
Delhi International Airport Ltd. | | |
| | |
| | |
Greenko Dutch BV, 3.85%, 03/29/26 (Call 05/30/24)(a) | | |
Greenko Power II Ltd., 4.30%, 12/13/28(a) | | |
Greenko Solar Mauritius Ltd., 5.95%, 07/29/26 (Call 05/30/24)(a) | | |
HDFC Bank Ltd., 3.70%, (Call 08/25/26), (5-year CMT + 2.925%)(a)(b)(d) | | |
HDFC Bank Ltd./Gandhinagar, 5.69%, 03/02/26(a) | | |
Hindustan Petroleum Corp. Ltd., 4.00%, 07/12/27(a) | | |
| | |
| | |
| | |
Indian Railway Finance Corp. Ltd. | | |
| | |
| | |
| | |
| | |
JSW Hydro Energy Ltd., 4.13%, 05/18/31 (Call 05/18/26)(a) | | |
| | |
|
| | |
3.95%, 04/05/27 (Call 10/05/26)(a) | | |
5.05%, 04/05/32 (Call 10/05/31)(a) | | |
| | |
3.98%, , (5-year CMT + 3.390%)(a)(d) | | |
5.65%, (Call 01/15/25), (5-year CMT + 4.274%)(a)(b)(d) | | |
NTPC Ltd., 4.25%, 02/26/26(a) | | |
Oil India International Pte Ltd., 4.00%, 04/21/27(a) | | |
Oil India Ltd., 5.13%, 02/04/29(a) | | |
ONGC Videsh Vankorneft Pte Ltd., 3.75%, 07/27/26(a) | | |
Periama Holdings LLC/DE, 5.95%, 04/19/26(a) | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 Subsidiaries, 4.50%, 07/14/28 (Call 05/10/24)(a) | | |
Shriram Finance Ltd., 6.63%, 04/22/27(a) | | |
State Bank of India, 4.88%, 05/05/28(a) | | |
State Bank of India/London | | |
| | |
| | |
UPL Corp. Ltd., 4.63%, 06/16/30(a) | | |
Vedanta Resources Finance II PLC | | |
9.25%, 04/23/26 (Call 05/30/24)(a) | | |
13.88%, 12/09/28 (Call 09/11/24)(a) | | |
Vedanta Resources Ltd., 13.88%, 12/09/28 (Call 05/30/24)(a) | | |
Wipro IT Services LLC, 1.50%, 06/23/26 (Call 05/23/26)(a) | | |
| | |
|
Bank Negara Indonesia Persero Tbk PT | | |
| | |
4.30%, (Call 03/24/27), (5-year CMT + 3.466%)(a)(b)(d) | | |
Cikarang Listrindo Tbk PT, 4.95%, 09/14/26 (Call 05/30/24)(a) | | |
| | |
4.76%, 04/14/27 (Call 03/14/27)(a) | | |
5.32%, 04/14/32 (Call 01/01/32)(a) | | |
6.20%, 04/14/52 (Call 10/14/51)(a) | | |
Indika Energy Capital IV Pte Ltd., 8.25%, 10/22/25 (Call 05/30/24)(a) | | |
Indofood CBP Sukses Makmur Tbk PT | | |
3.40%, 06/09/31 (Call 12/09/30)(a) | | |
3.54%, 04/27/32 (Call 10/27/31)(a) | | |
4.75%, 06/09/51 (Call 12/09/50)(a) | | |
222024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Corporate Bond ETF(Percentages shown are based on Net Assets)
| | |
|
LLPL Capital Pte Ltd., 6.88%, 02/04/39(a) | | |
Medco Bell Pte Ltd., 6.38%, 01/30/27 (Call 05/30/24)(a) | | |
Medco Maple Tree Pte Ltd., 8.96%, 04/27/29 (Call 10/27/25)(a) | | |
| | |
| | |
| | |
Star Energy Geothermal Darajat II/Star Energy Geothermal Salak, 4.85%, 10/14/38 (Call 10/14/29)(a) | | |
| | |
|
Bank Hapoalim BM, 3.26%, 01/21/32 (Call 10/21/26), (5-year CMT + 2.155%)(a)(b)(c) | | |
| | |
3.28%, 01/29/31 (Call 01/29/26), (5-year CMT + 1.631%)(b)(c) | | |
5.13%, 07/27/27 (Call 06/27/27)(a)(c) | | |
7.13%, 07/18/33 (Call 04/18/28), (5-year CMT + 3.466%)(a)(b)(c) | | |
Energian Israel Finance Ltd. | | |
4.88%, 03/30/26 (Call 12/30/25)(a)(c) | | |
5.38%, 03/30/28 (Call 09/30/27)(a)(c) | | |
5.88%, 03/30/31 (Call 09/30/30)(a)(c) | | |
8.50%, 09/30/33 (Call 09/30/29)(a)(c) | | |
ICL Group Ltd., 6.38%, 05/31/38 (Call 11/30/37)(a)(c) | | |
Israel Discount Bank Ltd., 5.38%, 01/26/28 (Call 12/26/27)(c) | | |
Israel Electric Corp. Ltd. | | |
| | |
| | |
| | |
6.13%, 06/30/25 (Call 03/30/25)(a)(c) | | |
6.50%, 06/30/27 (Call 12/30/26)(a)(c) | | |
6.75%, 06/30/30 (Call 12/30/29)(a)(c) | | |
Mizrahi Tefahot Bank Ltd., 3.08%, 04/07/31 (Call 04/07/26), (5-year CMT + 2.250%)(a)(b)(c) | | |
Teva Pharmaceutical Finance Co. LLC, 6.15%, 02/01/36(e) | | |
Teva Pharmaceutical Finance Netherlands III BV | | |
| | |
| | |
4.75%, 05/09/27 (Call 02/09/27)(e) | | |
5.13%, 05/09/29 (Call 02/09/29)(e) | | |
6.75%, 03/01/28 (Call 12/01/27)(e) | | |
7.88%, 09/15/29 (Call 06/15/29) | | |
8.13%, 09/15/31 (Call 06/15/31)(e) | | |
| | |
|
Digicel Intermediate Holdings Ltd./Digicel International Finance Ltd./Difl U.S., 12.00%, 05/25/27 (Call 05/22/24), (2.25% PIK)(f) | | |
|
Hikma Finance USA LLC, 3.25%, 07/09/25(a) | | |
|
KazMunayGas National Co. JSC | | |
3.50%, 04/14/33 (Call 10/14/32)(a) | | |
| | |
| | |
|
| | |
| | |
| | |
Tengizchevroil Finance Co. International Ltd. | | |
2.63%, 08/15/25 (Call 05/15/25)(a) | | |
3.25%, 08/15/30 (Call 02/15/30)(a) | | |
| | |
| | |
|
Boubyan Sukuk Ltd., 3.39%, 03/29/27(a) | | |
| | |
2.75%, 12/15/31 (Call 09/15/26), (5-year CMT + 2.229%)(a)(b) | | |
5.75%, (Call 07/09/24), (5-year CMT + 4.007%)(a)(b)(d) | | |
KFH Sukuk Co., 5.01%, 01/17/29(a) | | |
Kuwait Projects Co. SPC Ltd. | | |
| | |
| | |
| | |
2.63%, 04/28/28 (Call 01/28/28)(a) | | |
| | |
MEGlobal Canada ULC, 5.88%, 05/18/30(a) | | |
NBK SPC Ltd., 1.63%, 09/15/27 (Call 09/15/26), (1-day SOFR + 1.050%)(a)(b) | | |
NBK Tier 1 Financing 2 Ltd., 4.50%, (Call 08/27/25), (6-year CMT + 2.832%)(a)(b)(d) | | |
NBK Tier 1 Ltd., 3.63%, (Call 08/24/26), (6-year CMT + 2.875%)(a)(b)(d) | | |
| | |
|
| | |
5.00%, 01/15/28 (Call 05/30/24)(a) | | |
| | |
| | |
|
Champion Path Holdings Ltd. | | |
4.50%, 01/27/26 (Call 05/10/24)(a) | | |
4.85%, 01/27/28 (Call 01/27/25)(a) | | |
Industrial & Commercial Bank of China Macau Ltd., 2.88%, 09/12/29 (Call 09/12/24), (5-year CMT + 1.650%)(a)(b) | | |
| | |
4.75%, 02/01/27 (Call 05/10/24)(a) | | |
5.25%, 06/18/25 (Call 05/10/24)(a) | | |
5.88%, 05/15/26 (Call 05/10/24)(a) | | |
| | |
2.30%, 03/08/27 (Call 02/08/27) | | |
2.85%, 03/08/29 (Call 01/08/29) | | |
3.25%, 08/08/31 (Call 05/08/31) | | |
4.05%, 01/08/26 (Call 12/08/25) | | |
4.63%, 06/18/30 (Call 03/18/30) | | |
5.13%, 08/08/25 (Call 06/08/25) | | |
5.40%, 08/08/28 (Call 05/08/28)(e) | | |
| | |
5.00%, 01/15/29 (Call 05/30/24)(a) | | |
6.50%, 01/15/28 (Call 05/30/24)(a) | | |
| | |
5.13%, 12/15/29 (Call 12/15/24)(a) | | |
5.50%, 01/15/26 (Call 05/30/24)(a) | | |
Schedule of Investments23
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Corporate Bond ETF(Percentages shown are based on Net Assets)
| | |
|
5.50%, 10/01/27 (Call 05/10/24)(a) | | |
5.63%, 08/26/28 (Call 05/10/24)(a) | | |
| | |
|
| | |
2.16%, 08/19/30 (Call 05/19/30)(a) | | |
| | |
Axiata SPV5 Labuan Ltd., 3.06%, 08/19/50 (Call 02/19/50)(a) | | |
CIMB Bank Bhd, 2.13%, 07/20/27(a) | | |
Genm Capital Labuan Ltd., 3.88%, 04/19/31 (Call 01/19/31)(a) | | |
Gohl Capital Ltd., 4.25%, 01/24/27(a) | | |
Misc Capital Two Labuan Ltd., 3.75%, 04/06/27(a) | | |
RHB Bank Bhd, 1.66%, 06/29/26(a) | | |
TNB Global Ventures Capital Bhd | | |
| | |
| | |
| | |
|
Alfa SAB de CV, 6.88%, 03/25/44 (Call 09/25/43)(a) | | |
| | |
3.25%, 02/25/31 (Call 11/25/30)(a) | | |
4.25%, 09/18/29 (Call 06/18/29)(a) | | |
Alsea SAB de CV, 7.75%, 12/14/26(a) | | |
| | |
2.88%, 05/07/30 (Call 02/07/30) | | |
3.63%, 04/22/29 (Call 01/22/29) | | |
| | |
4.38%, 04/22/49 (Call 10/22/48)(e) | | |
4.70%, 07/21/32 (Call 04/21/32) | | |
| | |
| | |
Banco Inbursa SA Institucion De Banca Multiple Grupo Financiero Inbursa, 4.38%, 04/11/27(a) | | |
Banco Mercantil del Norte SA/Grand Cayman | | |
5.88%, , (5-year CMT + 4.643%)(a)(b)(d) | | |
6.63%, , (10-year CMT + 5.034%)(a)(b)(d) | | |
6.75%, (Call 09/27/24), (5-year CMT + 4.967%)(a)(b)(d)(e) | | |
7.50%, (Call 06/27/29), (10-year CMT + 5.470%)(a)(b)(d) | | |
7.63%, , (10-year CMT + 5.353%)(a)(b)(d) | | |
8.38%, (Call 10/14/30), (10-year CMT + 7.760%)(a)(b)(d) | | |
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand, 7.53%, 10/01/28, (5-year CMT + 2.995%)(a)(b) | | |
| | |
| | |
5.13%, 01/18/33, (5-year CMT + 2.650%)(a)(b) | | |
5.88%, 09/13/34 (Call 09/13/29), (5-year CMT + 4.308%)(a)(b) | | |
8.13%, 01/08/39, (5-year CMT + 4.214%)(a)(b) | | |
8.45%, 06/29/38 (Call 06/29/33), (5-year CMT + 4.661%)(a)(b) | | |
Becle SAB de CV, 2.50%, 10/14/31(a) | | |
| | |
| | |
| | |
| | |
|
Borr IHC Ltd./Borr Finance LLC | | |
10.00%, 11/15/28 (Call 11/15/25)(a) | | |
10.38%, 11/15/30 (Call 11/15/26)(a) | | |
| | |
6.99%, 02/20/32 (Call 02/20/27)(a) | | |
7.45%, 11/15/29 (Call 11/15/24)(a)(e) | | |
Buffalo Energy Mexico Holdings/Buffalo Energy Infrastructure/Buffalo Energy, 7.88%, 02/15/39 (Call 11/15/38)(a) | | |
| | |
3.88%, 07/11/31 (Call 07/11/26)(a) | | |
5.20%, 09/17/30 (Call 09/17/25)(a) | | |
5.45%, 11/19/29 (Call 11/19/24)(a) | | |
9.13%, (Call 03/14/28), (5-year CMT + 4.907%)(a)(b)(d) | | |
Cemex SAB De CV, 5.13%, (Call 06/08/26), (5-year CMT + 4.534%)(a)(b)(d) | | |
Cibanco SA Ibm/PLA Administradora Industrial S de RL de CV, 4.96%, 07/18/29 (Call 04/18/29)(a) | | |
Coca-Cola Femsa SAB de CV | | |
1.85%, 09/01/32 (Call 06/01/32) | | |
2.75%, 01/22/30 (Call 10/22/29) | | |
Cometa Energia SA de CV, 6.38%, 04/24/35 (Call 01/24/35)(a) | | |
Fomento Economico Mexicano SAB de CV, 3.50%, 01/16/50 (Call 07/16/49) | | |
Fresnillo PLC, 4.25%, 10/02/50 (Call 04/02/50)(a) | | |
Grupo Aeromexico SAB de CV, 8.50%, 03/17/27(a) | | |
| | |
| | |
| | |
| | |
| | |
5.00%, 05/13/45 (Call 11/13/44) | | |
5.25%, 05/24/49 (Call 11/24/48)(e) | | |
6.13%, 01/31/46 (Call 07/31/45) | | |
| | |
Industrias Penoles SAB de CV | | |
4.15%, 09/12/29 (Call 06/12/29)(a) | | |
4.75%, 08/06/50 (Call 02/06/50)(a) | | |
Infraestructura Energetica Nova SAPI de CV, 4.75%, 01/15/51 (Call 07/15/50)(a) | | |
Kimberly-Clark de Mexico SAB de CV, 2.43%, 07/01/31 (Call 04/01/31)(a) | | |
Minera Mexico SA de CV, 4.50%, 01/26/50 (Call 07/26/49)(a) | | |
Nemak SAB de CV, 3.63%, 06/28/31(a) | | |
Orbia Advance Corp. SAB de CV | | |
1.88%, 05/11/26 (Call 04/11/26)(a) | | |
2.88%, 05/11/31 (Call 02/11/31)(a) | | |
4.00%, 10/04/27 (Call 07/04/27)(a) | | |
5.50%, 01/15/48 (Call 07/15/47)(a) | | |
| | |
Sigma Alimentos SA de CV, 4.13%, 05/02/26 (Call 02/02/26)(a) | | |
Sigma Finance Netherlands BV, 4.88%, 03/27/28 (Call 12/27/27)(a) | | |
| | |
| | |
| | |
| | |
242024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Corporate Bond ETF(Percentages shown are based on Net Assets)
| | |
|
| | |
Tierra Mojada Luxembourg II Sarl, 5.75%, 12/01/40(a) | | |
Total Play Telecomunicaciones SA de CV, 6.38%, 09/20/28(a) | | |
| | |
4.87%, 01/15/30 (Call 10/30/29)(a) | | |
5.25%, 01/30/26 (Call 10/30/25)(a) | | |
6.39%, 01/15/50 (Call 07/15/49)(a) | | |
6.95%, 01/30/44 (Call 07/30/43)(a) | | |
7.38%, 02/13/34 (Call 11/13/33)(a) | | |
| | |
|
Aragvi Finance International DAC, 8.45%, 04/29/26 (Call 05/30/24)(a) | | |
|
| | |
3.75%, 06/23/31 (Call 03/23/31)(a) | | |
| | |
5.13%, 06/23/51 (Call 12/23/50)(a) | | |
| | |
| | |
|
| | |
| | |
9.13%, (Call 10/07/26), (5-year CMT + 8.070%)(a)(b)(d) | | |
| | |
5.63%, 11/29/26 (Call 05/30/24)(a) | | |
6.25%, 11/29/28 (Call 11/29/24)(a) | | |
IHS Netherlands Holdco BV, 8.00%, 09/18/27 (Call 05/30/24)(a) | | |
SEPLAT Energy PLC, 7.75%, 04/01/26 (Call 05/30/24)(a) | | |
| | |
|
Bank Muscat SAOG, 4.75%, 03/17/26(a) | | |
Otel Sukuk Ltd., 5.38%, 01/24/31 (Call 10/24/30)(a) | | |
Oztel Holdings SPC Ltd., 6.63%, 04/24/28(a) | | |
| | |
|
AES Panama Generation Holdings SRL, 4.38%, 05/31/30 (Call 02/28/30)(a) | | |
Banco General SA, 4.13%, 08/07/27(a) | | |
C&W Senior Finance Ltd., 6.88%, 09/15/27 (Call 05/10/24)(a) | | |
Telecomunicaciones Digitales SA, 4.50%, 01/30/30 (Call 01/30/25)(a) | | |
| | |
|
Bioceanico Sovereign Certificate Ltd., 0.00%, 06/05/34(a)(g) | | |
Telefonica Celular del Paraguay SA, 5.88%, 04/15/27(a) | | |
| | |
|
Banco de Credito del Peru SA | | |
3.13%, 07/01/30 (Call 07/01/25), (5-year CMT + 3.000%)(a)(b) | | |
| | |
|
3.25%, 09/30/31 (Call 09/30/26), (5-year CMT + 2.450%)(a)(b) | | |
5.85%, 01/11/29 (Call 12/11/28)(a)(e) | | |
Cia. de Minas Buenaventura SAA, 5.50%, 07/23/26 (Call 05/30/24)(a) | | |
Consorcio Transmantaro SA | | |
| | |
5.20%, 04/11/38 (Call 01/11/38)(a) | | |
Credicorp Ltd., 2.75%, 06/17/25 (Call 05/17/25)(a) | | |
Hunt Oil Co. of Peru LLC Sucursal Del Peru, 8.55%, 09/18/33 (Call 06/18/33)(a) | | |
InRetail Consumer, 3.25%, 03/22/28 (Call 01/22/28)(a) | | |
Kallpa Generacion SA, 4.13%, 08/16/27 (Call 05/16/27)(a) | | |
Lima Metro Line 2 Finance Ltd., 5.88%, 07/05/34(a) | | |
Minsur SA, 4.50%, 10/28/31(a) | | |
Peru LNG Srl, 5.38%, 03/22/30(a) | | |
Transportadora de Gas del Peru SA, 4.25%, 04/30/28(a) | | |
| | |
|
BDO Unibank Inc., 2.13%, 01/13/26(a) | | |
Globe Telecom Inc., 4.20%, (Call 08/02/26), (5-year CMT + 5.527%)(a)(b)(d) | | |
JGSH Philippines Ltd., 4.13%, 07/09/30(a) | | |
Manila Water Co. Inc., 4.38%, 07/30/30 (Call 07/30/25)(a) | | |
Metropolitan Bank & Trust Co. | | |
| | |
| | |
| | |
Petron Corp., 5.95%, (Call 04/19/26), (5-year CMT + 7.574%)(a)(b)(d) | | |
San Miguel Corp., 5.50%, (Call 07/29/25), (5-year CMT + 10.237%)(a)(b)(d) | | |
SMC Global Power Holdings Corp. | | |
5.45%, (Call 12/09/26), (5-year CMT + 7.155%)(a)(b)(d) | | |
5.70%, (Call 01/21/26), (5-year CMT + 6.554%)(a)(b)(d) | | |
7.00%, (Call 10/21/25), (5-year CMT + 9.199%)(a)(b)(d) | | |
| | |
|
Canpack SA/Canpack U.S. LLC, 3.88%, 11/15/29 (Call 11/15/24)(a) | | |
|
| | |
| | |
| | |
| | |
| | |
| | |
Commercial Bank PSQC (The), 4.50%, (Call 03/03/26), (5-year CMT + 3.874%)(a)(b)(d) | | |
Doha Finance Ltd., 2.38%, 03/31/26(a) | | |
MAR Sukuk Ltd., 2.21%, 09/02/25(a) | | |
Nakilat Inc., 6.07%, 12/31/33(a) | | |
Ooredoo International Finance Ltd. | | |
| | |
Schedule of Investments25
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Corporate Bond ETF(Percentages shown are based on Net Assets)
| | |
|
| | |
| | |
| | |
| | |
QIB Sukuk Ltd., 1.95%, 10/27/25(a) | | |
QIIB Senior Oryx Ltd., 5.25%, 01/24/29(a) | | |
| | |
| | |
| | |
| | |
| | |
Ras Laffan Liquefied Natural Gas Co. Ltd. III, 5.84%, 09/30/27(a)(e) | | |
| | |
|
Al Rajhi Sukuk Ltd., 4.75%, 04/05/28(a) | | |
Almarai Co. JSC, 5.23%, 07/25/33(a) | | |
ANB Sukuk Ltd., 3.33%, 10/28/30 (Call 10/28/25), (5-year CMT + 2.974%)(a)(b) | | |
Arabian Centres Sukuk II Ltd., 5.63%, 10/07/26(a) | | |
Banque Saudi Fransi, 4.75%, 05/31/28(a) | | |
BSF Finance, 5.50%, 11/23/27(a) | | |
Dar Al-Arkan Sukuk Co. Ltd., 8.00%, 02/25/29(a) | | |
| | |
| | |
| | |
Greensaif Pipelines Bidco Sarl | | |
| | |
| | |
Riyad Sukuk Ltd., 3.17%, 02/25/30 (Call 02/25/25), (5-year CMT + 1.791%)(a)(b) | | |
Riyad Tier 1 Sukuk Ltd., 4.00%, (Call 02/16/27), (5-year CMT + 2.170%)(a)(b)(d) | | |
| | |
1.60%, 06/17/26 (Call 05/17/26)(a) | | |
2.69%, 06/17/31 (Call 03/17/31)(a) | | |
| | |
2.15%, 09/14/30 (Call 06/14/30)(a) | | |
3.00%, 09/14/50 (Call 03/14/50)(a) | | |
SABIC Capital II BV, 4.50%, 10/10/28(a) | | |
| | |
1.63%, 11/24/25 (Call 10/24/25)(a) | | |
2.25%, 11/24/30 (Call 08/24/30)(a) | | |
3.25%, 11/24/50 (Call 05/24/50)(a) | | |
| | |
3.50%, 11/24/70 (Call 05/24/70)(a) | | |
| | |
| | |
Saudi Electricity Global Sukuk Co. 2, 5.06%, 04/08/43(a) | | |
Saudi Electricity Global Sukuk Co. 3, 5.50%, 04/08/44(a) | | |
Saudi Electricity Global Sukuk Co. 4, 4.72%, 09/27/28(a) | | |
Saudi Electricity Global Sukuk Co. 5 | | |
| | |
| | |
Saudi Electricity Sukuk Programme Co. | | |
| | |
| | |
| | |
| | |
|
Saudi Telecom Co., 3.89%, 05/13/29(a) | | |
SNB Funding Ltd., 2.90%, 01/29/27(a) | | |
SNB Sukuk Ltd., 2.34%, 01/19/27(a) | | |
TMS Issuer Sarl, 5.78%, 08/23/32(a) | | |
| | |
|
| | |
| | |
1.82%, 03/10/31 (Call 03/10/26), (5-year CMT + 1.100%)(a)(b) | | |
3.30%, (Call 02/27/25), (5-year CMT + 1.915%)(a)(b)(d) | | |
| | |
| | |
4.50%, (Call 05/17/26), (5-year CMT + 3.735%)(a)(b)(d) | | |
Oversea-Chinese Banking Corp. Ltd. | | |
1.83%, 09/10/30 (Call 09/10/25), (5-year CMT + 1.580%)(a)(b) | | |
4.60%, 06/15/32 (Call 06/15/27), (5-year CMT + 1.575%)(a)(b) | | |
Puma International Financing SA | | |
5.00%, 01/24/26 (Call 05/10/24)(a) | | |
7.75%, 04/25/29 (Call 04/25/26)(c) | | |
Sats Treasury Pte Ltd., 4.83%, 01/23/29(a) | | |
| | |
3.00%, 07/20/26 (Call 06/20/26)(a) | | |
3.38%, 01/19/29 (Call 11/19/28)(a) | | |
Singapore Telecommunications Ltd., 7.38%, 12/01/31(a) | | |
SingTel Group Treasury Pte Ltd. | | |
1.88%, 06/10/30 (Call 03/10/30)(a) | | |
| | |
2.38%, 08/28/29 (Call 05/28/29)(a) | | |
| | |
3.88%, 08/28/28 (Call 05/28/28)(a) | | |
Ste Transcore Holdings Inc. | | |
| | |
4.13%, 05/23/26 (Call 04/23/26)(a) | | |
United Overseas Bank Ltd. | | |
| | |
1.75%, 03/16/31 (Call 03/16/26), (5-year CMT + 1.520%)(a)(b) | | |
2.00%, 10/14/31 (Call 10/14/26), (5-year CMT + 1.230%)(a)(b)(e) | | |
3.86%, 10/07/32 (Call 10/07/27), (5-year CMT + 1.450%)(a)(b)(e) | | |
| | |
|
Absa Group Ltd., 6.38%, (Call 05/27/26), (5-year CMT + 5.411%)(a)(b)(d) | | |
Anglo American Capital PLC | | |
2.63%, 09/10/30 (Call 06/10/30)(a) | | |
2.88%, 03/17/31 (Call 12/17/30)(a) | | |
3.88%, 03/16/29 (Call 01/16/29)(a) | | |
| | |
| | |
| | |
| | |
| | |
262024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Corporate Bond ETF(Percentages shown are based on Net Assets)
| | |
|
5.75%, 04/05/34 (Call 01/05/34)(c) | | |
6.00%, 04/05/54 (Call 10/05/53)(c) | | |
Bidvest Group U.K. PLC, 3.63%, 09/23/26 (Call 05/10/24)(a) | | |
Gold Fields Orogen Holdings BVI Ltd., 6.13%, 05/15/29 (Call 02/15/29)(a) | | |
Liquid Telecommunications Financing PLC, 5.50%, 09/04/26 (Call 05/30/24)(a) | | |
MTN Mauritius Investments Ltd., 6.50%, 10/13/26(a) | | |
| | |
4.38%, 09/18/26 (Call 08/18/26) | | |
5.50%, 03/18/31 (Call 03/18/30) | | |
6.50%, 09/27/28 (Call 06/27/28)(e) | | |
8.75%, 05/03/29 (Call 03/03/29)(a) | | |
| | |
4.00%, 11/16/26 (Call 05/30/24)(a) | | |
4.50%, 11/16/29 (Call 11/16/25)(a) | | |
| | |
|
| | |
| | |
| | |
Hanwha Life Insurance Co. Ltd., 3.38%, 02/04/32, (5-year CMT + 1.850%)(a) | | |
Hyundai Capital Services Inc. | | |
| | |
| | |
| | |
| | |
| | |
4.35%, (Call 07/02/24), (5-year CMT + 2.639%)(a)(b)(d) | | |
| | |
Korea Electric Power Corp., 1.13%, 06/15/25(a) | | |
| | |
| | |
| | |
| | |
| | |
KT Corp., 4.00%, 08/08/25(a) | | |
Kyobo Life Insurance Co. Ltd., 5.90%, 06/15/52 (Call 06/15/27), (5-year CMT + 2.887%)(a)(b) | | |
| | |
| | |
| | |
| | |
LG Electronics Inc., 5.63%, 04/24/27(c) | | |
LG Energy Solution Ltd., 5.75%, 09/25/28(a) | | |
NAVER Corp., 1.50%, 03/29/26(a) | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
|
| | |
6.43%, 10/26/28, (1-day SOFR + 1.080%)(a)(b) | | |
Shinhan Financial Group Co. Ltd. | | |
| | |
2.88%, (Call 05/12/26), (5-year CMT + 2.064%)(a)(b)(d) | | |
3.34%, 02/05/30 (Call 02/05/25), (5-year CMT + 1.500%)(a)(b)(e) | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
SK On Co. Ltd., 5.38%, 05/11/26(a) | | |
| | |
| | |
| | |
4.25%, (Call 10/04/24), (5-year CMT + 2.664%)(a)(b)(d) | | |
| | |
| | |
|
Africa Finance Corp., 2.88%, 04/28/28(a) | | |
African Export-Import Bank (The), 2.63%, 05/17/26 (Call 04/17/26)(a) | | |
Eastern & Southern African Trade & Development Bank (The), 4.13%, 06/30/28(a) | | |
Odebrecht Holdco Finance Ltd., 0.00%, 09/10/58 (Call 05/30/24)(a)(g) | | |
QIB Sukuk Ltd., 5.58%, 11/22/28(a) | | |
| | |
|
Consolidated Energy Finance SA | | |
5.63%, 10/15/28 (Call 10/15/24)(a) | | |
12.00%, 02/15/31 (Call 02/15/27)(a) | | |
Oriflame Investment Holding PLC, 5.13%, 05/04/26(a) | | |
| | |
|
| | |
| | |
| | |
| | |
1.75%, 10/25/26 (Call 09/25/26) | | |
2.50%, 10/25/31 (Call 07/25/31) | | |
3.13%, 10/25/41 (Call 04/25/41) | | |
3.25%, 10/25/51 (Call 04/25/51) | | |
3.88%, 04/22/27 (Call 03/22/27) | | |
4.13%, 04/22/29 (Call 02/22/29)(e) | | |
4.25%, 04/22/32 (Call 01/22/32)(e) | | |
4.50%, 04/22/52 (Call 10/22/51)(e) | | |
| | |
0.75%, 09/28/25 (Call 08/28/25)(a) | | |
1.00%, 09/28/27 (Call 07/28/27)(a) | | |
1.25%, 04/23/26 (Call 03/23/26)(a) | | |
Schedule of Investments27
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Corporate Bond ETF(Percentages shown are based on Net Assets)
| | |
|
1.38%, 09/28/30 (Call 06/28/30)(a) | | |
1.75%, 04/23/28 (Call 02/23/28)(a) | | |
2.25%, 04/23/31 (Call 01/23/31)(a) | | |
4.63%, 07/22/32 (Call 04/22/32)(a) | | |
| | |
|
HTA Group Ltd./Mauritius, 7.00%, 12/18/25 (Call 05/10/24)(a) | | |
|
Bangkok Bank PCL/Hong Kong | | |
3.47%, 09/23/36, (5-year CMT + 2.150%)(a) | | |
3.73%, 09/25/34 (Call 09/25/29), (5-year CMT + 1.900%)(a)(b) | | |
4.30%, 06/15/27 (Call 05/15/27)(a) | | |
| | |
5.00%, , (5-year CMT + 4.729%)(d) | | |
5.30%, 09/21/28 (Call 08/21/28)(a) | | |
5.50%, 09/21/33 (Call 06/21/33)(a) | | |
GC Treasury Center Co. Ltd. | | |
2.98%, 03/18/31 (Call 12/18/30)(a) | | |
4.30%, 03/18/51 (Call 09/18/50)(a)(e) | | |
Kasikornbank PCL, 5.46%, 03/07/28(a) | | |
Kasikornbank PCL/Hong Kong | | |
3.34%, 10/02/31 (Call 10/02/26), (5-year CMT + 1.700%)(a)(b) | | |
5.28%, (Call 10/14/25), (5-year CMT + 4.940%)(a)(b)(d) | | |
Krung Thai Bank PCL/Cayman Islands, 4.40%, (Call 03/25/26), (5-year CMT + 3.530%)(a)(b)(d) | | |
PTT Treasury Center Co. Ltd., 3.70%, 07/16/70 (Call 01/16/70)(a)(e) | | |
PTTEP Treasury Center Co. Ltd. | | |
2.59%, 06/10/27 (Call 04/10/27)(a) | | |
| | |
Siam Commercial Bank PCL/Cayman Islands, 4.40%, 02/11/29(a) | | |
Thaioil Treasury Center Co. Ltd. | | |
| | |
| | |
| | |
| | |
|
| | |
| | |
6.80%, 06/22/31 (Call 06/22/26), (5-year CMT + 6.015%)(a)(b) | | |
9.37%, (Call 03/14/29), (5-year CMT + 5.270%)(b)(c)(d) | | |
Anadolu Efes Biracilik Ve Malt Sanayii A/S, 3.38%, 06/29/28 (Call 03/29/28)(a) | | |
Arcelik A/S, 8.50%, 09/25/28 (Call 06/25/28)(a) | | |
Aydem Yenilenebilir Enerji A/S, 7.75%, 02/02/27 (Call 05/30/24)(a) | | |
Coca-Cola Icecek A/S, 4.50%, 01/20/29 (Call 10/20/28)(a) | | |
Ford Otomotiv Sanayi AS, 7.13%, 04/25/29 (Call 01/25/29)(c) | | |
Mersin Uluslararasi Liman Isletmeciligi AS, 8.25%, 11/15/28 (Call 11/15/25)(a) | | |
| | |
|
Turkcell Iletisim Hizmetleri AS | | |
| | |
5.80%, 04/11/28 (Call 01/11/28)(a) | | |
Turkiye Garanti Bankasi AS | | |
7.18%, 05/24/27, (5-year USD ICE Swap + 4.220%)(a)(b) | | |
8.38%, 02/28/34 (Call 02/28/29), (5-year CMT + 4.090%)(b)(c) | | |
| | |
7.75%, 01/22/30 (Call 01/22/25), (5-year CMT + 6.119%)(a)(b) | | |
9.19%, 06/29/28, (5-year USD Swap + 5.117%)(a)(b) | | |
Turkiye Sise ve Cam Fabrikalari AS, 6.95%, 03/14/26 (Call 12/14/25)(a) | | |
Turkiye Vakiflar Bankasi TAO | | |
| | |
| | |
10.12%, (Call 04/24/29), (5-year CMT + 5.493%)(b)(c)(d) | | |
Ulker Biskuvi Sanayi AS, 6.95%, 10/30/25(a) | | |
WE Soda Investments Holding PLC | | |
9.38%, 02/14/31 (Call 02/14/27)(a) | | |
9.50%, 10/06/28 (Call 10/06/25)(a) | | |
Yapi ve Kredi Bankasi A/S | | |
7.88%, 01/22/31 (Call 01/22/26), (5-year CMT + 7.415%)(a)(b) | | |
| | |
9.25%, 01/17/34 (Call 01/17/29), (5-year CMT + 5.278%)(a)(b) | | |
9.74%, (Call 04/04/29), (5-year CMT + 5.499%)(b)(c)(d) | | |
| | |
|
Metinvest BV, 7.75%, 10/17/29(a) | | |
MHP Lux SA, 6.95%, 04/03/26(a) | | |
| | |
United Arab Emirates — 4.9% |
Abu Dhabi Commercial Bank PJSC | | |
| | |
| | |
| | |
8.00%, (Call 11/27/28), (5-year CMT + 3.524%)(a)(b)(d) | | |
Abu Dhabi National Energy Co. PJSC | | |
2.00%, 04/29/28 (Call 01/29/28)(a) | | |
3.40%, 04/29/51 (Call 10/29/50)(a) | | |
| | |
| | |
| | |
| | |
| | |
| | |
Abu Dhabi Ports Co. PJSC, 2.50%, 05/06/31 (Call 02/06/31)(a) | | |
Adib Capital Invest 3 Ltd., 7.25%, (Call 07/18/28), (5-year CMT + 3.059%)(a)(b)(d) | | |
Adib Sukuk Co. II Ltd., 5.70%, 11/15/28(a) | | |
Aldar Investment Properties Sukuk Ltd., 4.88%, 05/24/33(a) | | |
282024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Corporate Bond ETF(Percentages shown are based on Net Assets)
| | |
United Arab Emirates (continued) |
Aldar Sukuk Ltd., 4.75%, 09/29/25(a) | | |
Aldar Sukuk No. 2 Ltd., 3.88%, 10/22/29(a) | | |
Arada Sukuk Ltd., 8.13%, 06/08/27(a) | | |
BOS Funding Ltd., 7.00%, 03/14/28(a) | | |
Commercial Bank of Dubai PSC | | |
| | |
6.00%, (Call 04/21/26), (6-year CMT + 5.597%)(a)(b)(d) | | |
| | |
| | |
| | |
| | |
| | |
| | |
DIB Tier 1 Sukuk 3 Ltd., 6.25%, (Call 01/22/25), (6-year CMT + 3.664%)(a)(b)(d) | | |
DIB Tier 1 Sukuk 4 Ltd., 4.63%, (Call 05/19/26), (6-year CMT + 4.077%)(a)(b)(d) | | |
EI Sukuk Co. Ltd., 1.83%, 09/23/25(a) | | |
| | |
| | |
| | |
| | |
| | |
| | |
4.25%, (Call 02/27/27), (6-year CMT + 3.155%)(a)(b)(d) | | |
| | |
| | |
6.13%, (Call 03/20/25), (6-year CMT + 3.656%)(a)(b)(d) | | |
6.13%, (Call 04/09/26), (6-year CMT + 5.702%)(a)(b)(d) | | |
| | |
| | |
| | |
| | |
| | |
First Abu Dhabi Bank PJSC | | |
| | |
4.50%, (Call 04/05/26), (5-year CMT + 4.138%)(a)(b)(d) | | |
| | |
| | |
| | |
6.32%, 04/04/34 (Call 10/04/28), (5-year CMT + 1.700%)(a)(b) | | |
6.55%, 01/29/29, (1-day SOFR + 1.200%)(a)(b) | | |
Galaxy Pipeline Assets Bidco Ltd. | | |
| | |
| | |
| | |
| | |
| | |
GEMS MENASA Cayman Ltd./GEMS Education Delaware LLC, 7.13%, 07/31/26 (Call 05/30/24)(a) | | |
MAF Global Securities Ltd., 7.88%, (Call 06/30/27), (5-year CMT + 4.893%)(a)(b)(d) | | |
| | |
| | |
| | |
| | |
United Arab Emirates (continued) |
| | |
Masdar Abu Dhabi Future Energy Co., 4.88%, 07/25/33(a) | | |
Mashreqbank PSC, 7.88%, 02/24/33 (Call 11/24/27), (5-year CMT + 3.997%)(a)(b) | | |
National Central Cooling Co. PJSC, 2.50%, 10/21/27(a) | | |
Ruwais Power Co. PJSC, 6.00%, 08/31/36(a) | | |
Shelf Drilling Holdings Ltd., 9.63%, 04/15/29 (Call 10/15/25)(a)(e) | | |
SIB Sukuk Co. III Ltd., 2.85%, 06/23/25(a) | | |
Sweihan PV Power Co. PJSC, 3.63%, 01/31/49(a) | | |
| | |
|
CK Hutchison International 16 Ltd., 2.75%, 10/03/26(a) | | |
CK Hutchison International 17 II Ltd., 3.25%, 09/29/27(a) | | |
CK Hutchison International 17 Ltd., 3.50%, 04/05/27(a) | | |
CK Hutchison International 19 II Ltd. | | |
2.75%, 09/06/29 (Call 06/06/29)(a) | | |
| | |
CK Hutchison International 20 Ltd. | | |
2.50%, 05/08/30 (Call 02/08/30)(a) | | |
| | |
CK Hutchison International 21 Ltd. | | |
| | |
2.50%, 04/15/31 (Call 01/15/31)(a) | | |
CK Hutchison International 23 Ltd. | | |
4.75%, 04/21/28 (Call 03/21/28)(a) | | |
4.88%, 04/21/33 (Call 01/21/33)(a) | | |
Hutchison Whampoa International Ltd., 7.45%, 11/24/33(a) | | |
Petrofac Ltd., 9.75%, 11/15/26 (Call 05/30/24)(a) | | |
| | |
1.82%, 11/23/25 (Call 11/23/24), (1-year CMT + 0.950%)(a)(b) | | |
2.61%, 01/12/28 (Call 01/12/27), (5-year CMT + 1.180%)(a)(b) | | |
2.68%, 06/29/32 (Call 06/29/31), (1-year CMT + 1.200%)(a)(b) | | |
3.27%, 02/18/36 (Call 11/18/30), (5-year CMT + 2.300%)(a)(b) | | |
3.60%, 01/12/33 (Call 01/12/32), (1-year CMT + 1.900%)(a)(b) | | |
| | |
4.30%, (Call 08/19/28), (5-year CMT + 3.135%)(a)(b)(d) | | |
4.31%, 05/21/30 (Call 05/21/29), (3-mo. LIBOR US + 1.910%)(a)(b) | | |
4.64%, 04/01/31 (Call 04/01/30), (1-year CMT + 3.850%)(a)(b) | | |
4.75%, (Call 01/14/31), (5-year CMT + 3.805%)(a)(b)(d) | | |
6.00%, (Call 07/26/25), (5-year CMT + 5.661%)(a)(b)(d) | | |
6.10%, 01/11/35 (Call 01/11/34), (1-year CMT + 2.100%)(a)(b) | | |
6.17%, 01/09/27 (Call 01/09/26), (1-year CMT + 2.050%)(a)(b) | | |
Schedule of Investments29
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Corporate Bond ETF(Percentages shown are based on Net Assets)
| | |
United Kingdom (continued) |
6.19%, 07/06/27, (1-year CMT + 1.850%)(a)(b) | | |
6.30%, 01/09/29 (Call 01/09/28), (1-year CMT + 2.450%)(a)(b) | | |
6.30%, 07/06/34, (1-year CMT + 2.580%)(a)(b) | | |
7.02%, 02/08/30, (1-year CMT + 2.200%)(a)(b) | | |
7.75%, (Call 08/15/27), (5-year CMT + 4.976%)(a)(b)(d) | | |
7.77%, 11/16/28 (Call 11/16/27), (1-year CMT + 3.450%)(a)(b) | | |
7.88%, (Call 03/08/30), (5-year CMT + 3.574%)(b)(c)(d) | | |
| | |
|
| | |
6.05%, 01/15/29 (Call 12/15/28)(a) | | |
6.40%, 01/15/34 (Call 10/15/33)(a) | | |
| | |
3.75%, 02/01/26 (Call 01/01/26) | | |
4.75%, 06/15/25 (Call 03/15/25) | | |
4.88%, 06/15/29 (Call 03/15/29) | | |
4.88%, 05/12/30 (Call 02/12/30) | | |
GCC SAB de CV, 3.61%, 04/20/32 (Call 01/20/32)(a) | | |
JBS USA Holding Lux SARL/ JBS USA Food Co./ JBS Lux Co. SARL | | |
2.50%, 01/15/27 (Call 12/15/26) | | |
3.00%, 02/02/29 (Call 12/02/28) | | |
3.00%, 05/15/32 (Call 02/15/32) | | |
3.63%, 01/15/32 (Call 01/15/27) | | |
4.38%, 02/02/52 (Call 08/02/51) | | |
5.13%, 02/01/28 (Call 01/01/28) | | |
5.50%, 01/15/30 (Call 01/15/25) | | |
5.75%, 04/01/33 (Call 01/01/33) | | |
6.50%, 12/01/52 (Call 06/01/52) | | |
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg SARL | | |
6.75%, 03/15/34 (Call 12/15/33)(a) | | |
| | |
Playtika Holding Corp., 4.25%, 03/15/29 (Call 05/10/24)(a) | | |
Sagicor Financial Co. Ltd., 5.30%, 05/13/28(a) | | |
| | |
|
Mong Duong Finance Holdings BV, 5.13%, 05/07/29(a) | | |
|
First Quantum Minerals Ltd. | | |
6.88%, 10/15/27 (Call 05/10/24)(a) | | |
8.63%, 06/01/31 (Call 06/01/26)(a) | | |
9.38%, 03/01/29 (Call 03/01/26)(c) | | |
| | |
Total Corporate Bonds & Notes — 96.5%
(Cost: $435,421,328) | |
Foreign Government Obligations(h) |
|
| | |
| | |
| | |
| | |
|
Korea Electric Power Corp, 4.88%, 01/31/27(a) | | |
Korea Electric Power Corp. | | |
| | |
| | |
| | |
Korea Expressway Corp., 1.13%, 05/17/26(a) | | |
| | |
| | |
| | |
Korea Hydro & Nuclear Power Co. Ltd. | | |
| | |
| | |
| | |
|
| | |
| | |
| | |
| | |
African Export-Import Bank (The) | | |
3.80%, 05/17/31 (Call 02/17/31)(a) | | |
3.99%, 09/21/29 (Call 06/23/29)(a) | | |
| | |
|
Turkiye Vakiflar Bankasi TAO, 5.50%, 10/01/26(a) | | |
Total Foreign Government Obligations — 1.6%
(Cost: $7,035,377) | |
Total Long-Term Investments — 98.1%
(Cost: $442,456,705) | |
| | |
|
Money Market Funds — 7.4% |
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.49%(i)(j)(k) | | |
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.28%(i)(j) | | |
Total Short-Term Securities — 7.4%
(Cost: $31,316,342) | |
Total Investments — 105.5%
(Cost: $473,773,047) | |
Liabilities in Excess of Other Assets — (5.5)% | |
| |
| This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
| 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. |
| 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. |
| Perpetual security with no stated maturity date. |
| All or a portion of this security is on loan. |
| Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates. |
| |
302024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Corporate Bond ETF
| U.S. dollar denominated security issued by foreign domiciled entity. |
| |
| Annualized 7-day yield as of period end. |
| All or a portion of this security was purchased with the cash collateral from loaned securities. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the six months ended April 30, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| | | | | Change in
Unrealized
Appreciation
(Depreciation) | | | | Capital
Gain
Distributions
from
Underlying
Funds |
BlackRock Cash Funds: Institutional, SL Agency Shares | | | | | | | | | |
BlackRock Cash Funds: Treasury, SL Agency Shares | | | | | | | | | |
| | | | | | | | | |
| Represents net amount purchased (sold). |
| All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities. |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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.
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Foreign Government Obligations | | | | |
| | | | |
| | | | |
| | | | |
See notes to financial statements.
Schedule of Investments31
Schedule of Investments (unaudited)April 30, 2024
iShares® J.P. Morgan EM High Yield Bond ETF(Percentages shown are based on Net Assets)
| | |
|
|
Pampa Energia SA, 7.50%, 01/24/27 (Call 05/30/24)(a) | | |
| | |
| | |
| | |
7.00%, 12/15/47 (Call 06/15/47)(a) | | |
| | |
| | |
| | |
| | |
|
Southern Gas Corridor CJSC, 6.88%, 03/24/26(a) | | |
|
AUB Sukuk Ltd., 2.62%, 09/09/26(a) | | |
Bapco Energies BSCC, 7.50%, 10/25/27(a) | | |
| | |
|
3R Lux SARL, 9.75%, 02/05/31 (Call 02/05/27)(a) | | |
Acu Petroleo Luxembourg SARL, 7.50%, 07/13/35 (Call 01/13/27)(a) | | |
Adecoagro SA, 6.00%, 09/21/27(a) | | |
| | |
6.75%, 05/20/29 (Call 05/20/25)(a) | | |
9.00%, 01/20/31 (Call 01/20/27)(a) | | |
Amaggi Luxembourg International SARL, 5.25%, 01/28/28(a) | | |
Ambipar Lux SARL, 9.88%, 02/06/31 (Call 02/06/27)(a) | | |
| | |
10.88%, 05/28/30 (Call 05/28/26)(a) | | |
11.93%, 08/28/28 (Call 02/28/26)(a) | | |
B3 SA - Brasil Bolsa Balcao, 4.13%, 09/20/31(a) | | |
Banco Bradesco SA/Cayman Islands, 4.38%, 03/18/27(a) | | |
Banco BTG Pactual SA/Cayman Islands, 2.75%, 01/11/26 (Call 12/11/25)(a)(c) | | |
Banco do Brasil SA/Cayman | | |
| | |
| | |
| | |
| | |
8.75%, (Call 10/15/24), (10-year CMT + 4.398%)(a)(b)(e) | | |
9.00%, (Call 06/18/24), (10-year CMT + 6.362%)(a)(b)(e) | | |
Banco Votorantim SA, 4.38%, 07/29/25(a) | | |
Braskem America Finance Co., 7.13%, 07/22/41 (Call 01/22/41)(a) | | |
Braskem Netherlands Finance BV | | |
4.50%, 01/10/28 (Call 10/10/27)(a) | | |
4.50%, 01/31/30 (Call 10/31/29)(a) | | |
| | |
7.25%, 02/13/33 (Call 11/13/32)(a) | | |
8.50%, 01/12/31 (Call 11/12/30)(a) | | |
8.50%, 01/23/81 (Call 10/24/25), (5-year CMT + 8.220%)(a)(b) | | |
| | |
4.88%, 01/24/30 (Call 10/24/29)(a) | | |
| | |
|
5.75%, 09/21/50 (Call 03/21/50)(a) | | |
Centrais Eletricas Brasileiras SA, 4.63%, 02/04/30(a) | | |
| | |
5.50%, 09/20/29 (Call 09/20/24)(a) | | |
| | |
7.50%, 06/27/30 (Call 06/27/26)(a) | | |
Cosan Overseas Ltd., 8.25%, (Call 08/05/24)(a)(e) | | |
CSN Inova Ventures, 6.75%, 01/28/28 (Call 05/30/24)(a) | | |
| | |
4.63%, 06/10/31 (Call 06/10/26)(a) | | |
| | |
8.88%, 12/05/30 (Call 12/05/26)(a) | | |
Embraer Netherlands Finance BV | | |
| | |
7.00%, 07/28/30 (Call 04/28/30)(a) | | |
FS Luxembourg Sarl, 8.88%, 02/12/31(a) | | |
Globo Comunicacao e Participacoes SA, 4.88%, 01/22/30(a) | | |
Itau Unibanco Holding SA/Cayman Island | | |
3.88%, 04/15/31 (Call 01/15/26), (5-year CMT + 3.446%)(a)(b)(c) | | |
4.50%, 11/21/29 (Call 11/21/24), (5-year CMT + 2.822%)(a)(b)(c) | | |
4.63%, (Call 02/27/25), (5-year CMT + 3.222%)(a)(b)(e) | | |
7.72%, (Call 06/12/24), (5-year CMT + 3.981%)(a)(b)(e) | | |
7.86%, , (5-year CMT + 3.863%)(a)(b)(e) | | |
| | |
3.20%, 01/12/31 (Call 10/12/30)(a) | | |
5.75%, 04/03/29 (Call 01/03/29)(a) | | |
7.00%, 04/03/49 (Call 10/03/48)(a) | | |
MARB BondCo PLC, 3.95%, 01/29/31 (Call 01/29/26)(a) | | |
MC Brazil Downstream Trading SARL, 7.25%, 06/30/31(a) | | |
MercadoLibre Inc., 3.13%, 01/14/31 (Call 10/14/30)(c) | | |
| | |
| | |
8.88%, 09/13/33 (Call 09/13/28)(a) | | |
NBM U.S. Holdings Inc., 7.00%, 05/14/26 (Call 05/30/24)(a) | | |
Petrobras Global Finance BV | | |
| | |
5.50%, 06/10/51 (Call 12/10/50)(c) | | |
5.60%, 01/03/31 (Call 10/03/30)(c) | | |
| | |
6.50%, 07/03/33 (Call 04/03/33) | | |
| | |
| | |
| | |
| | |
| | |
| | |
Petrorio Luxembourg Trading Sarl, 6.13%, 06/09/26(a) | | |
| | |
4.50%, 01/22/30 (Call 10/22/29)(a) | | |
4.95%, 01/17/28 (Call 10/17/27)(a) | | |
322024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM High Yield Bond ETF(Percentages shown are based on Net Assets)
| | |
|
| | |
| | |
| | |
| | |
9.00%, 06/30/31 (Call 05/15/24), (9.00% PIK)(a)(f) | | |
9.50%, 06/30/31 (Call 05/16/24), (9.00% PIK)(c)(d)(f) | | |
Simpar Europe SA, 5.20%, 01/26/31(a) | | |
StoneCo Ltd., 3.95%, 06/16/28 (Call 05/16/28)(a) | | |
Usiminas International Sarl, 5.88%, 07/18/26 (Call 05/30/24)(a) | | |
XP Inc., 3.25%, 07/01/26(a) | | |
| | |
|
Endeavour Mining PLC, 5.00%, 10/14/26(a) | | |
|
Alinma Tier 1 Sukuk Ltd., 6.50%, (Call 03/06/29), (5-year CMT + 2.201%)(a)(b)(e) | | |
Arabian Centres Sukuk III Ltd., 9.50%, 03/06/29 (Call 03/03/26)(a) | | |
| | |
|
AES Andes SA., 7.13%, 03/26/79 (Call 05/20/24), (5-year USD Swap + 4.644%)(a)(b) | | |
Agrosuper SA, 4.60%, 01/20/32 (Call 10/20/31)(a) | | |
Banco de Credito e Inversiones SA, 8.75%, (Call 02/08/29), (5-year CMT + 4.944%)(a)(b)(c)(e) | | |
Falabella SA, 3.38%, 01/15/32 (Call 10/15/31)(a) | | |
Latam Airlines Group SA, 13.38%, 10/15/29(a) | | |
| | |
|
Agile Group Holdings Ltd., 7.88%, (Call 07/31/24), (5-year CMT + 11.294%)(a)(b)(e)(g)(h) | | |
Bank of Communications Co. Ltd., 3.80%, (Call 11/18/25), (5-year CMT + 3.345%)(a)(b)(e) | | |
Central Plaza Development Ltd., 5.75%, (Call 11/14/24), (5-year CMT + 8.066%)(a)(b)(e) | | |
Ease Trade Global Ltd., 4.00%, 11/10/25(a) | | |
| | |
6.50%, 07/11/27 (Call 05/30/24), (7.50% PIK)(f) | | |
6.50%, 07/11/28 (Call 05/30/24), (7.50% PIK)(f) | | |
ENN Clean Energy International Investment Ltd., 3.38%, 05/12/26 (Call 05/30/24)(a) | | |
| | |
5.00%, 05/18/26 (Call 05/30/24)(a) | | |
5.05%, 01/27/27 (Call 01/27/25)(a) | | |
5.95%, 10/19/25 (Call 05/30/24)(a) | | |
| | |
| | |
6.00%, (Call 02/08/26), (5-year CMT + 5.584%)(a)(b)(e) | | |
Fuqing Investment Management Ltd., 3.25%, 06/23/25(a) | | |
GLP China Holdings Ltd., 2.95%, 03/29/26(a) | | |
Guojing Capital BVI Ltd., 6.30%, 12/02/25(a) | | |
Huarong Finance 2017 Co. Ltd. | | |
| | |
| | |
Huarong Finance 2019 Co. Ltd., 4.50%, 05/29/29(a) | | |
| | |
|
Industrial & Commercial Bank of China Ltd., 3.20%, (Call 09/24/26), (5-year CMT + 2.368%)(a)(b)(e) | | |
Longfor Group Holdings Ltd., 3.95%, 09/16/29(a) | | |
RKPF Overseas 2020 A Ltd. | | |
5.13%, 07/26/26 (Call 07/26/24)(a) | | |
5.20%, 01/12/26 (Call 05/15/24)(a) | | |
Sunac China Holdings Ltd. | | |
6.25%, 09/30/27 (Call 05/24/24), (6.25% PIK)(d)(f) | | |
7.00%, 09/30/29 (Call 05/23/24), (12.00% PIK)(a)(f) | | |
Vanke Real Estate Hong Kong Co. Ltd., 3.98%, 11/09/27(a) | | |
West China Cement Ltd., 4.95%, 07/08/26 (Call 07/08/24)(a) | | |
Westwood Group Holdings Ltd., 2.80%, 01/20/26(a) | | |
Yanlord Land HK Co. Ltd., 5.13%, 05/20/26 (Call 05/30/24)(a) | | |
| | |
|
ABRA Global Finance, 11.50%, 03/02/28 (Call 03/02/25), (5.50% PIK)(a)(f) | | |
AI Candelaria Spain SA, 5.75%, 06/15/33(a) | | |
Avianca Midco 2 PLC, 9.00%, 12/01/28 (Call 12/01/24)(a) | | |
Banco Davivienda SA, 6.65%, , (10-year CMT + 5.097%)(a)(b)(e) | | |
Banco de Bogota SA, 6.25%, 05/12/26(a) | | |
| | |
4.63%, 12/18/29 (Call 12/18/24), (5-year CMT + 2.944%)(b) | | |
6.91%, 10/18/27, (5-year CMT + 2.929%)(b)(c) | | |
Canacol Energy Ltd., 5.75%, 11/24/28 (Call 11/24/24)(a) | | |
Colombia Telecomunicaciones SA ESP, 4.95%, 07/17/30(a) | | |
| | |
4.63%, 11/02/31 (Call 08/02/31) | | |
5.38%, 06/26/26 (Call 03/26/26) | | |
| | |
5.88%, 11/02/51 (Call 05/02/51) | | |
6.88%, 04/29/30 (Call 01/29/30)(c) | | |
| | |
8.38%, 01/19/36 (Call 10/19/35) | | |
8.63%, 01/19/29 (Call 12/19/28) | | |
8.88%, 01/13/33 (Call 10/13/32) | | |
EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA, 5.38%, 12/30/30(a) | | |
Geopark Ltd., 5.50%, 01/17/27 (Call 05/10/24)(a) | | |
Gran Tierra Energy Inc., 9.50%, 10/15/29 (Call 10/15/26)(a) | | |
Grupo Aval Ltd., 4.38%, 02/04/30 (Call 11/04/29)(a) | | |
Grupo de Inversiones Suramericana SA, 5.50%, 04/29/26(a) | | |
SierraCol Energy Andina LLC, 6.00%, 06/15/28 (Call 06/15/24)(a) | | |
| | |
|
Allwyn Entertainment Financing U.K. PLC, 7.88%, 04/30/29(a) | | |
Schedule of Investments33
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM High Yield Bond ETF(Percentages shown are based on Net Assets)
| | |
|
Kosmos Energy Ltd., 7.13%, 04/04/26 (Call 05/10/24)(a) | | |
Tullow Oil PLC, 10.25%, 05/15/26 (Call 05/10/24)(a) | | |
| | |
|
Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL, 5.25%, 04/27/29 (Call 04/27/26)(a) | | |
CT Trust, 5.13%, 02/03/32 (Call 02/03/27)(a) | | |
Investment Energy Resources Ltd., 6.25%, 04/26/29 (Call 04/26/25)(a) | | |
Millicom International Cellular SA | | |
4.50%, 04/27/31 (Call 04/27/26)(a) | | |
6.25%, 03/25/29 (Call 05/10/24)(a) | | |
| | |
|
Bank of Communications Hong Kong Ltd., 3.73%, (Call 03/03/25), (5-year CMT + 2.525%)(a)(b)(e) | | |
Bank of East Asia Ltd. (The) | | |
5.83%, (Call 10/21/25), (5-year CMT + 5.527%)(a)(b)(e) | | |
5.88%, (Call 09/19/24), (5-year CMT + 4.257%)(a)(b)(e) | | |
CAS Capital No. 1 Ltd., 4.00%, (Call 07/12/26), (5-year CMT + 3.642%)(a)(b)(e) | | |
Cathay Pacific MTN Financing HK Ltd., 4.88%, 08/17/26(a) | | |
China CITIC Bank International Ltd. | | |
3.25%, (Call 07/29/26), (5-year CMT + 2.530%)(a)(b)(e) | | |
4.80%, (Call 04/22/27), (5-year CMT + 2.104%)(a)(b)(e) | | |
| | |
8.05%, (Call 06/15/24), (5-year CMT + 4.865%)(a)(b)(e) | | |
| | |
Lai Sun MTN Ltd., 5.00%, 07/28/26(a) | | |
Li & Fung Ltd., 5.25%, (Call 11/03/24)(a)(e) | | |
Melco Resorts Finance Ltd. | | |
4.88%, 06/06/25 (Call 05/30/24)(a) | | |
5.25%, 04/26/26 (Call 05/30/24)(a) | | |
5.38%, 12/04/29 (Call 12/04/24)(a) | | |
5.63%, 07/17/27 (Call 05/30/24)(a) | | |
5.75%, 07/21/28 (Call 05/30/24)(a) | | |
Nanyang Commercial Bank Ltd., 6.50%, (Call 04/28/27), (5-year CMT + 3.509%)(a)(b)(e) | | |
New World China Land Ltd., 4.75%, 01/23/27(a) | | |
| | |
4.13%, (Call 03/10/28), (5-year CMT + 5.858%)(a)(b)(e) | | |
4.80%, (Call 05/30/24)(a)(e) | | |
5.25%, (Call 03/22/26), (5-year CMT + 7.889%)(a)(b)(e) | | |
6.25%, (Call 09/07/24)(a)(e) | | |
NWD MTN Ltd., 4.13%, 07/18/29(a) | | |
PCPD Capital Ltd., 5.13%, 06/18/26 (Call 06/18/24)(a) | | |
Seaspan Corp., 5.50%, 08/01/29 (Call 08/01/24)(a) | | |
Wheelock MTN BVI Ltd., 2.38%, 01/25/26(a) | | |
| | |
| | |
|
OTP Bank Nyrt, 8.75%, 05/15/33 (Call 02/15/28), (5-year CMT + 5.060%)(a)(b) | | |
|
Axis Bank Ltd./Gandhinagar, 4.10%, (Call 09/08/26), (5-year CMT + 3.315%)(a)(b)(e) | | |
CA Magnum Holdings, 5.38%, 10/31/26 (Call 05/10/24)(a) | | |
Delhi International Airport Ltd. | | |
| | |
| | |
Greenko Dutch BV, 3.85%, 03/29/26 (Call 05/30/24)(a) | | |
Greenko Power II Ltd., 4.30%, 12/13/28(a) | | |
Greenko Solar Mauritius Ltd., 5.95%, 07/29/26 (Call 05/30/24)(a) | | |
HDFC Bank Ltd., 3.70%, (Call 08/25/26), (5-year CMT + 2.925%)(a)(b)(e) | | |
IRB Infrastructure Developers Ltd., 7.11%, 03/11/32 (Call 03/11/27)(d) | | |
JSW Hydro Energy Ltd., 4.13%, 05/18/31 (Call 05/18/26)(a) | | |
| | |
3.95%, 04/05/27 (Call 10/05/26)(a) | | |
5.05%, 04/05/32 (Call 10/05/31)(a) | | |
| | |
3.98%, , (5-year CMT + 3.390%)(a)(e) | | |
5.65%, (Call 01/15/25), (5-year CMT + 4.274%)(a)(b)(e) | | |
Periama Holdings LLC/DE, 5.95%, 04/19/26(a) | | |
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. other 9 Subsidiaries, 4.50%, 07/14/28 (Call 05/10/24)(a) | | |
Shriram Finance Ltd., 6.63%, 04/22/27(a) | | |
UPL Corp. Ltd., 4.63%, 06/16/30(a) | | |
Vedanta Resources Finance II PLC | | |
9.25%, 04/23/26 (Call 05/30/24)(a) | | |
13.88%, 12/09/28 (Call 09/11/24)(a) | | |
Vedanta Resources Ltd., 13.88%, 12/09/28 (Call 05/30/24)(a) | | |
| | |
|
Bank Negara Indonesia Persero Tbk PT | | |
| | |
4.30%, (Call 03/24/27), (5-year CMT + 3.466%)(a)(b)(e) | | |
Indika Energy Capital IV Pte Ltd., 8.25%, 10/22/25 (Call 05/30/24)(a) | | |
Medco Bell Pte Ltd., 6.38%, 01/30/27 (Call 05/30/24)(a) | | |
Medco Maple Tree Pte Ltd., 8.96%, 04/27/29 (Call 10/27/25)(a) | | |
| | |
|
Energian Israel Finance Ltd. | | |
4.88%, 03/30/26 (Call 12/30/25)(a)(d) | | |
5.38%, 03/30/28 (Call 09/30/27)(a)(d) | | |
5.88%, 03/30/31 (Call 09/30/30)(a)(d) | | |
8.50%, 09/30/33 (Call 09/30/29)(a)(d) | | |
| | |
6.13%, 06/30/25 (Call 03/30/25)(a)(d) | | |
6.50%, 06/30/27 (Call 12/30/26)(a)(d) | | |
342024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM High Yield Bond ETF(Percentages shown are based on Net Assets)
| | |
|
6.75%, 06/30/30 (Call 12/30/29)(a)(d) | | |
Teva Pharmaceutical Finance Co. LLC, 6.15%, 02/01/36(c) | | |
Teva Pharmaceutical Finance Netherlands III BV | | |
| | |
| | |
4.75%, 05/09/27 (Call 02/09/27)(c) | | |
5.13%, 05/09/29 (Call 02/09/29)(c) | | |
6.75%, 03/01/28 (Call 12/01/27)(c) | | |
7.88%, 09/15/29 (Call 06/15/29) | | |
8.13%, 09/15/31 (Call 06/15/31) | | |
| | |
|
Digicel Intermediate Holdings Ltd./Digicel International Finance Ltd./Difl U.S., 12.00%, 05/25/27 (Call 05/22/24), (2.25% PIK)(f) | | |
|
Tengizchevroil Finance Co. International Ltd. | | |
2.63%, 08/15/25 (Call 05/15/25)(a) | | |
3.25%, 08/15/30 (Call 02/15/30)(a) | | |
| | |
| | |
|
Burgan Bank SAK, 5.75%, (Call 07/09/24), (5-year CMT + 4.007%)(a)(b)(e) | | |
Kuwait Projects Co. SPC Ltd. | | |
| | |
| | |
| | |
|
| | |
5.00%, 01/15/28 (Call 05/30/24)(a) | | |
| | |
| | |
|
Champion Path Holdings Ltd. | | |
4.50%, 01/27/26 (Call 05/10/24)(a) | | |
4.85%, 01/27/28 (Call 01/27/25)(a) | | |
| | |
4.75%, 02/01/27 (Call 05/10/24)(a) | | |
5.25%, 06/18/25 (Call 05/10/24)(a) | | |
5.88%, 05/15/26 (Call 05/10/24)(a) | | |
| | |
5.00%, 01/15/29 (Call 05/30/24)(a) | | |
6.50%, 01/15/28 (Call 05/30/24)(a) | | |
| | |
5.13%, 12/15/29 (Call 12/15/24)(a) | | |
5.50%, 01/15/26 (Call 05/30/24)(a) | | |
5.50%, 10/01/27 (Call 05/10/24)(a) | | |
5.63%, 08/26/28 (Call 05/10/24)(a) | | |
| | |
|
Alsea SAB de CV, 7.75%, 12/14/26(a) | | |
Banco Mercantil del Norte SA/Grand Cayman | | |
5.88%, , (5-year CMT + 4.643%)(a)(b)(e) | | |
6.63%, , (10-year CMT + 5.034%)(a)(b)(e) | | |
6.75%, (Call 09/27/24), (5-year CMT + 4.967%)(a)(b)(c)(e) | | |
| | |
|
7.50%, (Call 06/27/29), (10-year CMT + 5.470%)(a)(b)(e) | | |
7.63%, , (10-year CMT + 5.353%)(a)(b) | | |
8.38%, (Call 10/14/30), (10-year CMT + 7.760%)(a)(b)(e) | | |
| | |
5.13%, 01/18/33, (5-year CMT + 2.650%)(a)(b) | | |
5.88%, 09/13/34 (Call 09/13/29), (5-year CMT + 4.308%)(a)(b) | | |
8.13%, 01/08/39, (5-year CMT + 4.214%)(a)(b) | | |
8.45%, 06/29/38 (Call 06/29/33), (5-year CMT + 4.661%)(a)(b) | | |
Borr IHC Ltd./Borr Finance LLC | | |
10.00%, 11/15/28 (Call 11/15/25)(a) | | |
10.38%, 11/15/30 (Call 11/15/26)(a) | | |
| | |
6.99%, 02/20/32 (Call 02/20/27)(a) | | |
7.45%, 11/15/29 (Call 11/15/24)(a) | | |
| | |
3.88%, 07/11/31 (Call 07/11/26)(a) | | |
5.20%, 09/17/30 (Call 09/17/25)(a) | | |
5.45%, 11/19/29 (Call 11/19/24)(a) | | |
9.13%, (Call 03/14/28), (5-year CMT + 4.907%)(a)(b)(e) | | |
Cemex SAB De CV, 5.13%, (Call 06/08/26), (5-year CMT + 4.534%)(a)(b)(e) | | |
Grupo Aeromexico SAB de CV, 8.50%, 03/17/27(a) | | |
Nemak SAB de CV, 3.63%, 06/28/31(a) | | |
| | |
| | |
| | |
5.95%, 01/28/31 (Call 10/28/30) | | |
| | |
| | |
6.49%, 01/23/27 (Call 11/23/26) | | |
| | |
| | |
| | |
| | |
6.70%, 02/16/32 (Call 11/16/31)(c) | | |
| | |
6.84%, 01/23/30 (Call 10/23/29) | | |
| | |
6.95%, 01/28/60 (Call 07/28/59)(c) | | |
7.69%, 01/23/50 (Call 07/23/49) | | |
8.75%, 06/02/29 (Call 04/02/29)(c) | | |
10.00%, 02/07/33 (Call 11/07/32)(c) | | |
Total Play Telecomunicaciones SA de CV, 6.38%, 09/20/28(a) | | |
| | |
|
Aragvi Finance International DAC, 8.45%, 04/29/26 (Call 05/30/24)(a) | | |
|
| | |
3.75%, 06/23/31 (Call 03/23/31)(a) | | |
| | |
5.13%, 06/23/51 (Call 12/23/50)(a) | | |
| | |
| | |
Schedule of Investments35
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM High Yield Bond ETF(Percentages shown are based on Net Assets)
| | |
|
| | |
| | |
9.13%, (Call 10/07/26), (5-year CMT + 8.070%)(a)(b)(e) | | |
| | |
5.63%, 11/29/26 (Call 05/30/24)(a) | | |
6.25%, 11/29/28 (Call 11/29/24)(a) | | |
IHS Netherlands Holdco BV, 8.00%, 09/18/27 (Call 05/30/24)(a) | | |
SEPLAT Energy PLC, 7.75%, 04/01/26 (Call 05/30/24)(a) | | |
| | |
|
Bank Muscat SAOG, 4.75%, 03/17/26(a) | | |
EDO Sukuk Ltd., 5.88%, 09/21/33(a) | | |
Otel Sukuk Ltd., 5.38%, 01/24/31 (Call 10/24/30)(a) | | |
Oztel Holdings SPC Ltd., 6.63%, 04/24/28(a) | | |
| | |
|
AES Panama Generation Holdings SRL, 4.38%, 05/31/30 (Call 02/28/30)(a) | | |
C&W Senior Finance Ltd., 6.88%, 09/15/27 (Call 05/10/24)(a) | | |
Telecomunicaciones Digitales SA, 4.50%, 01/30/30 (Call 01/30/25)(a) | | |
| | |
|
Bioceanico Sovereign Certificate Ltd., 0.00%, 06/05/34(a)(i) | | |
|
Cia. de Minas Buenaventura SAA, 5.50%, 07/23/26 (Call 05/30/24)(a) | | |
Hunt Oil Co. of Peru LLC Sucursal Del Peru, 8.55%, 09/18/33 (Call 06/18/33)(a) | | |
Minsur SA, 4.50%, 10/28/31(a) | | |
Peru LNG Srl, 5.38%, 03/22/30(a) | | |
| | |
| | |
| | |
| | |
|
Globe Telecom Inc., 4.20%, (Call 08/02/26), (5-year CMT + 5.527%)(a)(b)(e) | | |
JGSH Philippines Ltd., 4.13%, 07/09/30(a) | | |
Manila Water Co. Inc., 4.38%, 07/30/30 (Call 07/30/25)(a) | | |
Petron Corp., 5.95%, (Call 04/19/26), (5-year CMT + 7.574%)(a)(b)(e) | | |
San Miguel Corp., 5.50%, (Call 07/29/25), (5-year CMT + 10.237%)(a)(b)(e) | | |
SMC Global Power Holdings Corp. | | |
5.45%, (Call 12/09/26), (5-year CMT + 7.155%)(a)(b)(e) | | |
5.70%, (Call 01/21/26), (5-year CMT + 6.554%)(a)(b)(e) | | |
7.00%, (Call 10/21/25), (5-year CMT + 9.199%)(a)(b)(e) | | |
| | |
| | |
|
Canpack SA/Canpack U.S. LLC, 3.88%, 11/15/29 (Call 11/15/24)(a) | | |
|
Commercial Bank PSQC (The), 4.50%, (Call 03/03/26), (5-year CMT + 3.874%)(a)(b)(e) | | |
|
Arabian Centres Sukuk II Ltd., 5.63%, 10/07/26(a) | | |
Dar Al-Arkan Sukuk Co. Ltd., 8.00%, 02/25/29(a) | | |
Riyad Tier 1 Sukuk Ltd., 4.00%, (Call 02/16/27), (5-year CMT + 2.170%)(a)(b)(e) | | |
| | |
|
| | |
| | |
4.50%, (Call 05/17/26), (5-year CMT + 3.735%)(a)(b)(e) | | |
Puma International Financing SA, 7.75%, 04/25/29 (Call 04/25/26)(d) | | |
| | |
3.00%, 07/20/26 (Call 06/20/26)(a) | | |
3.38%, 01/19/29 (Call 11/19/28)(a) | | |
5.25%, 03/21/34 (Call 01/21/34)(a) | | |
| | |
|
Absa Group Ltd., 6.38%, (Call 05/27/26), (5-year CMT + 5.411%)(a)(b)(e) | | |
Bidvest Group U.K. PLC, 3.63%, 09/23/26 (Call 05/10/24)(a) | | |
Eskom Holdings SOC Ltd., 6.35%, 08/10/28(a) | | |
Liquid Telecommunications Financing PLC, 5.50%, 09/04/26 (Call 05/30/24)(a) | | |
MTN Mauritius Investments Ltd., 6.50%, 10/13/26(a) | | |
| | |
4.38%, 09/18/26 (Call 08/18/26)(c) | | |
5.50%, 03/18/31 (Call 03/18/30) | | |
6.50%, 09/27/28 (Call 06/27/28)(c) | | |
8.75%, 05/03/29 (Call 03/03/29)(a) | | |
| | |
4.00%, 11/16/26 (Call 05/30/24)(a) | | |
4.50%, 11/16/29 (Call 11/16/25)(a) | | |
Transnet SOC Ltd., 8.25%, 02/06/28(a) | | |
| | |
|
Woori Bank, 4.25%, (Call 10/04/24), (5-year CMT + 2.664%)(a)(b)(e) | | |
|
Eastern & Southern African Trade & Development Bank (The), 4.13%, 06/30/28(a) | | |
Odebrecht Holdco Finance Ltd., 0.00%, 09/10/58 (Call 05/30/24)(a)(i) | | |
| | |
|
Consolidated Energy Finance SA | | |
5.63%, 10/15/28 (Call 10/15/24)(a) | | |
12.00%, 02/15/31 (Call 02/15/27)(a) | | |
Oriflame Investment Holding PLC, 5.13%, 05/04/26(a) | | |
| | |
362024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM High Yield Bond ETF(Percentages shown are based on Net Assets)
| | |
|
HTA Group Ltd./Mauritius, 7.00%, 12/18/25 (Call 05/10/24)(a) | | |
|
Bangkok Bank PCL/Hong Kong | | |
3.73%, 09/25/34 (Call 09/25/29), (5-year CMT + 1.900%)(a)(b) | | |
5.00%, , (5-year CMT + 4.729%) | | |
Kasikornbank PCL/Hong Kong, 3.34%, 10/02/31 (Call 10/02/26), (5-year CMT + 1.700%)(a)(b) | | |
Krung Thai Bank PCL/Cayman Islands, 4.40%, (Call 03/25/26), (5-year CMT + 3.530%)(a)(b)(e) | | |
| | |
|
| | |
| | |
6.80%, 06/22/31 (Call 06/22/26), (5-year CMT + 6.015%)(a)(b) | | |
9.37%, (Call 03/14/29), (5-year CMT + 5.270%)(b)(d)(e) | | |
Anadolu Efes Biracilik Ve Malt Sanayii A/S, 3.38%, 06/29/28 (Call 03/29/28)(a) | | |
Arcelik A/S, 8.50%, 09/25/28 (Call 06/25/28)(a) | | |
Aydem Yenilenebilir Enerji A/S, 7.75%, 02/02/27 (Call 05/30/24)(a) | | |
Coca-Cola Icecek A/S, 4.50%, 01/20/29 (Call 10/20/28)(a) | | |
Ford Otomotiv Sanayi AS, 7.13%, 04/25/29 (Call 01/25/29)(d) | | |
Mersin Uluslararasi Liman Isletmeciligi AS, 8.25%, 11/15/28 (Call 11/15/25)(a) | | |
Turkcell Iletisim Hizmetleri AS | | |
| | |
5.80%, 04/11/28 (Call 01/11/28)(a) | | |
Turkiye Garanti Bankasi AS | | |
7.18%, 05/24/27, (5-year USD ICE Swap + 4.220%)(a)(b) | | |
8.38%, 02/28/34 (Call 02/28/29), (5-year CMT + 4.090%)(b)(d) | | |
| | |
7.75%, 01/22/30 (Call 01/22/25), (5-year CMT + 6.119%)(a)(b) | | |
9.19%, 06/29/28, (5-year USD Swap + 5.117%)(a)(b) | | |
Turkiye Sise ve Cam Fabrikalari AS, 6.95%, 03/14/26 (Call 12/14/25)(a) | | |
Turkiye Vakiflar Bankasi TAO | | |
| | |
| | |
10.12%, (Call 04/24/29), (5-year CMT + 5.493%)(b)(d)(e) | | |
Ulker Biskuvi Sanayi AS, 6.95%, 10/30/25(a) | | |
WE Soda Investments Holding PLC | | |
9.38%, 02/14/31 (Call 02/14/27)(a) | | |
9.50%, 10/06/28 (Call 10/06/25)(a) | | |
Yapi ve Kredi Bankasi A/S | | |
7.88%, 01/22/31 (Call 01/22/26), (5-year CMT + 7.415%)(a)(b) | | |
| | |
9.25%, 01/17/34 (Call 01/17/29), (5-year CMT + 5.278%)(a)(b) | | |
| | |
|
9.74%, (Call 04/04/29), (5-year CMT + 5.499%)(b)(d)(e) | | |
| | |
|
Metinvest BV, 7.75%, 10/17/29(a) | | |
MHP Lux SA, 6.95%, 04/03/26(a) | | |
| | |
United Arab Emirates — 1.6% |
Abu Dhabi Commercial Bank PJSC, 8.00%, (Call 11/27/28), (5-year CMT + 3.524%)(a)(b)(e) | | |
Adib Capital Invest 3 Ltd., 7.25%, (Call 07/18/28), (5-year CMT + 3.059%)(a)(b)(e) | | |
Arada Sukuk Ltd., 8.13%, 06/08/27(a) | | |
Commercial Bank of Dubai PSC, 6.00%, (Call 04/21/26), (6-year CMT + 5.597%)(a)(b)(e) | | |
DIB Tier 1 Sukuk 3 Ltd., 6.25%, (Call 01/22/25), (6-year CMT + 3.664%)(a)(b)(e) | | |
DIB Tier 1 Sukuk 4 Ltd., 4.63%, (Call 05/19/26), (6-year CMT + 4.077%)(a)(b)(e) | | |
DP World Salaam, 6.00%, (Call 10/01/25), (5-year CMT + 5.750%)(a)(b)(e) | | |
| | |
4.25%, (Call 02/27/27), (6-year CMT + 3.155%)(a)(b)(e) | | |
6.13%, (Call 03/20/25), (6-year CMT + 3.656%)(a)(b)(e) | | |
6.13%, (Call 04/09/26), (6-year CMT + 5.702%)(a)(b)(e) | | |
GEMS MENASA Cayman Ltd./GEMS Education Delaware LLC, 7.13%, 07/31/26 (Call 05/30/24)(a) | | |
MAF Global Securities Ltd., 7.88%, (Call 06/30/27), (5-year CMT + 4.893%)(a)(b)(e) | | |
Shelf Drilling Holdings Ltd., 9.63%, 04/15/29 (Call 10/15/25)(a)(c) | | |
| | |
|
Petrofac Ltd., 9.75%, 11/15/26 (Call 05/30/24)(a)(c) | | |
| | |
4.30%, (Call 08/19/28), (5-year CMT + 3.135%)(a)(b)(e) | | |
4.75%, (Call 01/14/31), (5-year CMT + 3.805%)(a)(b)(e) | | |
6.00%, (Call 07/26/25), (5-year CMT + 5.661%)(a)(b)(e) | | |
7.75%, (Call 08/15/27), (5-year CMT + 4.976%)(a)(b)(e) | | |
7.88%, (Call 03/08/30), (5-year CMT + 3.574%)(b)(d)(e) | | |
| | |
|
Playtika Holding Corp., 4.25%, 03/15/29 (Call 05/10/24)(a) | | |
Sagicor Financial Co. Ltd., 5.30%, 05/13/28(a) | | |
| | |
|
Mong Duong Finance Holdings BV, 5.13%, 05/07/29(a) | | |
Schedule of Investments37
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM High Yield Bond ETF(Percentages shown are based on Net Assets)
| | |
|
First Quantum Minerals Ltd. | | |
6.88%, 10/15/27 (Call 05/10/24)(a) | | |
8.63%, 06/01/31 (Call 06/01/26)(a) | | |
9.38%, 03/01/29 (Call 03/01/26)(c)(d) | | |
| | |
Total Corporate Bonds & Notes — 45.6%
(Cost: $189,535,015) | |
Foreign Government Obligations(j) |
|
Angolan Government International Bond | | |
| | |
| | |
| | |
| | |
| | |
| | |
|
Argentine Republic Government International Bond | | |
0.75%, 07/09/30 (Call 05/31/24)(k) | | |
1.00%, 07/09/29 (Call 05/31/24)(c) | | |
3.50%, 07/09/41 (Call 05/31/24)(c)(k) | | |
3.63%, 07/09/35 (Call 05/31/24)(k) | | |
3.63%, 07/09/46 (Call 05/31/24)(c)(k) | | |
4.25%, 01/09/38 (Call 05/31/24)(k) | | |
| | |
|
Republic of Azerbaijan International Bond, 3.50%, 09/01/32(a) | | |
|
Bahrain Government International Bond | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
CBB International Sukuk Co. 7 SPC, 6.88%, 10/05/25(a) | | |
CBB International Sukuk Programme Co. | | |
| | |
| | |
| | |
| | |
CBB International Sukuk Programme Co. WLL, 6.00%, 02/12/31(a) | | |
| | |
|
Bolivian Government International Bond, 4.50%, 03/20/28(a) | | |
| | |
|
Brazil Government International Bond, 6.25%, 03/18/31 | | |
Brazilian Government International Bond | | |
| | |
| | |
| | |
4.50%, 05/30/29 (Call 02/28/29) | | |
4.63%, 01/13/28 (Call 10/13/27)(c) | | |
4.75%, 01/14/50 (Call 07/14/49)(c) | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
|
Colombia Government International Bond | | |
3.00%, 01/30/30 (Call 10/30/29) | | |
3.13%, 04/15/31 (Call 01/15/31) | | |
3.25%, 04/22/32 (Call 01/22/32)(c) | | |
3.88%, 04/25/27 (Call 01/25/27) | | |
3.88%, 02/15/61 (Call 08/15/60) | | |
4.13%, 02/22/42 (Call 08/22/41) | | |
4.13%, 05/15/51 (Call 11/15/50)(c) | | |
4.50%, 01/28/26 (Call 10/28/25) | | |
4.50%, 03/15/29 (Call 12/15/28) | | |
5.00%, 06/15/45 (Call 12/15/44) | | |
5.20%, 05/15/49 (Call 11/15/48) | | |
5.63%, 02/26/44 (Call 08/26/43) | | |
| | |
| | |
7.50%, 02/02/34 (Call 11/02/33) | | |
8.00%, 04/20/33 (Call 01/20/33)(c) | | |
8.00%, 11/14/35 (Call 08/14/35) | | |
8.75%, 11/14/53 (Call 05/14/53) | | |
| | |
|
Costa Rica Government International Bond | | |
| | |
6.55%, 04/03/34 (Call 01/03/34)(a) | | |
| | |
| | |
7.30%, 11/13/54 (Call 05/13/53)(a) | | |
| | |
Dominican Republic — 3.1% |
Dominican Republic International Bond | | |
| | |
| | |
| | |
5.50%, 02/22/29 (Call 12/22/28)(a) | | |
| | |
| | |
| | |
| | |
| | |
| | |
382024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM High Yield Bond ETF(Percentages shown are based on Net Assets)
| | |
Dominican Republic (continued) |
| | |
| | |
| | |
| | |
|
Ecuador Government International Bond | | |
| | |
| | |
| | |
| | |
| | |
|
Egypt Government International Bond | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
Egyptian Financial Co. for Sovereign Taskeek (The), 10.88%, 02/28/26(a) | | |
| | |
|
El Salvador Government International Bond | | |
7.12%, 01/20/50 (Call 07/20/49)(a) | | |
| | |
9.25%, 04/17/30 (Call 03/17/30)(d) | | |
9.50%, 07/15/52 (Call 01/15/52)(a) | | |
| | |
|
Ghana Government International Bond | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
10.75%, 10/14/30(a)(g)(h) | | |
| | |
|
Guatemala Government Bond | | |
6.13%, 06/01/50 (Call 12/01/49)(a) | | |
6.60%, 06/13/36 (Call 03/13/36)(a) | | |
| | |
|
Iraq International Bond, 5.80%, 01/15/28(Call 06/16/24)(a) | | |
| | |
|
Ivory Coast Government International Bond | | |
| | |
| | |
| | |
| | |
|
Jamaica Government International Bond | | |
| | |
| | |
| | |
| | |
|
Jordan Government International Bond | | |
| | |
| | |
| | |
| | |
| | |
| | |
|
Republic of Kenya Government International Bond | | |
| | |
| | |
| | |
| | |
| | |
| | |
|
Lebanon Government International Bond | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
|
Morocco Government International Bond | | |
| | |
| | |
| | |
| | |
| | |
|
Nigeria Government International Bond | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
Schedule of Investments39
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM High Yield Bond ETF(Percentages shown are based on Net Assets)
| | |
|
Oman Government International Bond | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
|
Pakistan Global Sukuk Programme Co. Ltd. (The), 7.95%, 01/31/29(a) | | |
Pakistan Government International Bond | | |
| | |
| | |
| | |
| | |
|
Paraguay Government International Bond | | |
4.95%, 04/28/31 (Call 01/28/31)(a) | | |
5.40%, 03/30/50 (Call 09/30/49)(a) | | |
| | |
| | |
|
Senegal Government International Bond | | |
| | |
| | |
| | |
|
Serbia International Bond | | |
| | |
| | |
| | |
|
Republic of South Africa Government International Bond | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
|
Sri Lanka Government International Bond | | |
| | |
| | |
| | |
|
| | |
| | |
| | |
| | |
| | |
| | |
Trinidad And Tobago — 0.1% |
Trinidad & Tobago Government International Bond, 4.50%, 08/04/26(a) | | |
|
Hazine Mustesarligi Varlik Kiralama AS | | |
| | |
| | |
| | |
| | |
Turkey Government International Bond | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
Turkiye Government International Bond | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
Turkiye Vakiflar Bankasi TAO, 5.50%, 10/01/26(a) | | |
| | |
|
Ukraine Government International Bond | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
402024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM High Yield Bond ETF(Percentages shown are based on Net Assets)
| | |
United Arab Emirates — 1.1% |
Emirate of Dubai Government International Bond, 5.25%, 01/30/43(a) | | |
Emirate of Dubai Government International Bonds, 3.90%, 09/09/50(a) | | |
Finance Department Government of Sharjah | | |
| | |
| | |
| | |
Sharjah Sukuk Program Ltd. | | |
| | |
| | |
| | |
| | |
| | |
|
Zambia Government International Bond | | |
| | |
| | |
| | |
Total Foreign Government Obligations — 52.1%
(Cost: $232,027,399) | |
Total Long-Term Investments — 97.7%
(Cost: $421,562,414) | |
| | |
|
Money Market Funds — 9.9% |
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.49%(l)(m)(n) | | |
| | |
Money Market Funds (continued) |
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.28%(l)(m) | | |
Total Short-Term Securities — 9.9%
(Cost: $38,187,849) | |
Total Investments — 107.6%
(Cost: $459,750,263) | |
Liabilities in Excess of Other Assets — (7.6)% | |
| |
| This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
| 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. |
| All or a portion of this security is on loan. |
| 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. |
| Perpetual security with no stated maturity date. |
| Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates. |
| Issuer filed for bankruptcy and/or is in default. |
| Non-income producing security. |
| |
| U.S. dollar denominated security issued by foreign domiciled entity. |
| 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. |
| |
| Annualized 7-day yield as of period end. |
| All or a portion of this security was purchased with the cash collateral from loaned securities. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the six months ended April 30, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| | | | | Change in
Unrealized
Appreciation
(Depreciation) | | | | Capital
Gain
Distributions
from
Underlying
Funds |
BlackRock Cash Funds: Institutional, SL Agency Shares | | | | | | | | | |
BlackRock Cash Funds: Treasury, SL Agency Shares | | | | | | | | | |
| | | | | | | | | |
| Represents net amount purchased (sold). |
| All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities. |
Schedule of Investments41
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM High Yield Bond ETF
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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.
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Foreign Government Obligations | | | | |
| | | | |
| | | | |
| | | | |
See notes to financial statements.
422024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)April 30, 2024
iShares® J.P. Morgan EM Local Currency Bond ETF(Percentages shown are based on Net Assets)
| | |
Foreign Government Obligations(a) |
|
Brazil Letras do Tesouro Nacional | | |
| | |
| | |
| | |
| | |
| | |
| | |
Brazil Notas do Tesouro Nacional | | |
| | |
| | |
Series F, 10.00%, 01/01/25 | | |
Series F, 10.00%, 01/01/27 | | |
Series F, 10.00%, 01/01/29 | | |
Series F, 10.00%, 01/01/31 | | |
| | |
|
Bonos de la Tesoreria de la Republica en pesos | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
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|
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|
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| | |
| | |
| | |
| | |
| | |
|
Colombia TES, 13.25%, 02/09/33 | | |
| | |
| | |
Series B, 5.75%, 11/03/27 | | |
Series B, 6.00%, 04/28/28 | | |
Series B, 6.25%, 11/26/25 | | |
Series B, 6.25%, 07/09/36 | | |
Series B, 7.00%, 03/26/31 | | |
Series B, 7.00%, 06/30/32 | | |
Series B, 7.25%, 10/18/34 | | |
Series B, 7.25%, 10/26/50 | | |
Series B, 7.50%, 08/26/26 | | |
Series B, 7.75%, 09/18/30 | | |
| | |
|
Czech Republic Government Bond | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
Schedule of Investments43
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Local Currency Bond ETF(Percentages shown are based on Net Assets)
| | |
Czech Republic (continued) |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
Dominican Republic — 4.4% |
Dominican Republic International Bond | | |
11.25%, 09/15/35 (Call 06/15/35)(d) | | |
13.63%, 02/03/33 (Call 11/03/32)(d) | | |
| | |
|
| | |
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|
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|
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| | |
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| | |
| | |
| | |
Perusahaan Penerbit SBSN Indonesia | | |
| | |
| | |
| | |
| | |
| | |
| | |
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|
| | |
| | |
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| | |
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| | |
| | |
| | |
Malaysia Government Investment Issue | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
442024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Local Currency Bond ETF(Percentages shown are based on Net Assets)
| | |
|
| | |
| | |
|
| | |
| | |
| | |
| | |
| | |
| | |
Series M, 5.75%, 03/05/26 | | |
Series M, 7.75%, 05/29/31 | | |
Series M, 7.75%, 11/23/34 | | |
Series M, 7.75%, 11/13/42 | | |
Series M, 8.00%, 11/07/47 | | |
Series M 20, 7.50%, 06/03/27 | | |
Series M 20, 8.50%, 05/31/29 | | |
Series M 20, 10.00%, 12/05/24 | | |
Series M 30, 8.50%, 11/18/38 | | |
Series M 30, 10.00%, 11/20/36 | | |
| | |
| | |
| | |
| | |
|
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
|
Republic of Poland Government Bond | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
Republic of Poland Government Bonds | | |
| | |
| | |
| | |
|
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
|
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| | |
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| | |
| | |
| | |
| | |
|
| | |
| | |
| | |
| | |
| | |
| | |
|
Republic of South Africa Government Bond | | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
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|
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| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
Schedule of Investments45
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Local Currency Bond ETF(Percentages shown are based on Net Assets)
| | |
|
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
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|
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| | |
| | |
|
Uruguay Government International Bond | | |
| | |
| | |
Uruguay Government International Bonds, 9.75%, 07/20/33(Call 04/20/33) | | |
| | |
Total Long-Term Investments — 97.4%
(Cost: $452,942,053) | |
| | |
|
Money Market Funds — 0.2% |
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.28%(e)(f) | | |
Total Short-Term Securities — 0.2%
(Cost: $960,000) | |
Total Investments — 97.6%
(Cost: $453,902,053) | |
Other Assets Less Liabilities — 2.4% | |
| |
| U.S. dollar denominated security issued by foreign domiciled entity. |
| |
| 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. |
| This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
| |
| Annualized 7-day yield as of period end. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the six months ended April 30, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| | | | | Change in
Unrealized
Appreciation
(Depreciation) | | | | Capital
Gain
Distributions
from
Underlying
Funds |
BlackRock Cash Funds: Treasury, SL Agency Shares | | | | | | | | | |
| Represents net amount purchased (sold). |
462024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® J.P. Morgan EM Local Currency Bond ETF
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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.
| | | | |
| | | | |
| | | | |
| | | | |
Foreign Government Obligations | | | | |
| | | | |
| | | | |
| | | | |
See notes to financial statements.
Schedule of Investments47
Schedule of Investments (unaudited)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
|
|
APA Infrastructure Ltd., 7.13%, 11/09/83 (Call 11/09/28), (5-year EURIBOR ICE Swap + 4.098%)(a)(b) | | |
FMG Resources August 2006 Pty. Ltd. | | |
4.38%, 04/01/31 (Call 01/01/31)(c)(d) | | |
4.50%, 09/15/27 (Call 06/15/27)(c) | | |
FMG Resources August Pty. Ltd. | | |
5.88%, 04/15/30 (Call 01/15/30)(c) | | |
6.13%, 04/15/32 (Call 01/15/32)(c)(d) | | |
| | |
8.00%, 11/01/27 (Call 11/01/24)(c) | | |
8.13%, 05/01/27 (Call 05/31/24)(c) | | |
8.50%, 05/01/30 (Call 05/01/25)(c)(d) | | |
9.25%, 10/01/28 (Call 10/01/25)(c) | | |
| | |
|
ams-OSRAM AG, 10.50%, 03/30/29 (Call 03/30/26)(a) | | |
Benteler International AG, 9.38%, 05/15/28 (Call 05/15/25)(a) | | |
| | |
|
Ontex Group NV, 3.50%, 07/15/26 (Call 05/10/24)(a) | | |
Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/28 (Call 05/13/24)(c) | | |
| | |
|
1011778 BC ULC/New Red Finance Inc. | | |
3.50%, 02/15/29 (Call 05/13/24)(c)(d) | | |
3.88%, 01/15/28 (Call 05/31/24)(c) | | |
4.00%, 10/15/30 (Call 10/15/25)(c) | | |
4.38%, 01/15/28 (Call 05/31/24)(c) | | |
5.75%, 04/15/25 (Call 05/31/24)(c) | | |
| | |
3.88%, 08/15/26 (Call 02/15/26)(c) | | |
4.63%, 08/15/29 (Call 02/15/26)(c) | | |
Alcoa Nederland Holding BV, 5.50%, 12/15/27 (Call 05/31/24)(c) | | |
AutoCanada Inc., 5.75%, 02/07/29 (Call 02/07/25)(c) | | |
| | |
7.38%, 03/15/32 (Call 03/15/27)(c) | | |
8.50%, 04/30/30 (Call 04/30/26)(c) | | |
| | |
6.00%, 02/15/28 (Call 05/31/24)(c) | | |
7.13%, 06/15/26 (Call 05/31/24)(c) | | |
7.25%, 07/01/31 (Call 07/01/27)(c)(d) | | |
7.50%, 02/01/29 (Call 02/01/26)(c)(d) | | |
7.88%, 04/15/27 (Call 05/31/24)(c) | | |
8.75%, 11/15/30 (Call 11/15/26)(c)(d) | | |
Brookfield Residential Properties Inc./Brookfield Residential U.S. LLC | | |
4.88%, 02/15/30 (Call 02/15/25)(c) | | |
6.25%, 09/15/27 (Call 05/31/24)(c) | | |
Cineplex Inc., 7.63%, 03/31/29 (Call 01/31/26)(c) | | |
Emera Inc., Series 16-A, 6.75%, 06/15/76 (Call 06/15/26), (3-mo. LIBOR US + 5.440%)(b)(d) | | |
| | |
|
Garda World Security Corp. | | |
4.63%, 02/15/27 (Call 05/31/24)(c) | | |
6.00%, 06/01/29 (Call 06/01/24)(c) | | |
7.75%, 02/15/28 (Call 02/15/25)(c) | | |
9.50%, 11/01/27 (Call 05/31/24)(c) | | |
| | |
3.50%, 09/01/28 (Call 03/01/28)(c) | | |
3.75%, 08/01/25 (Call 05/31/24)(c) | | |
4.00%, 08/01/28 (Call 05/13/24)(c)(d) | | |
4.25%, 06/01/25 (Call 05/31/24)(c)(d) | | |
4.38%, 08/15/29 (Call 08/15/24)(c) | | |
4.75%, 06/15/29 (Call 06/15/24)(c)(d) | | |
5.13%, 12/15/26 (Call 05/31/24)(c) | | |
6.75%, 01/15/31 (Call 01/15/27)(c) | | |
goeasy Ltd., 7.63%, 07/01/29 (Call 07/01/26)(c) | | |
Husky Injection Molding Systems Ltd./Titan Co-Borrower LLC, 9.00%, 02/15/29 (Call 02/15/26)(c) | | |
Jones Deslauriers Insurance Management Inc., 8.50%, 03/15/30 (Call 03/15/26)(c) | | |
Kronos Acquisition Holdings Inc./KIK Custom Products Inc. | | |
5.00%, 12/31/26 (Call 05/31/24)(c) | | |
7.00%, 12/31/27 (Call 05/31/24)(c) | | |
| | |
4.63%, 03/01/30 (Call 03/01/25)(c) | | |
5.25%, 12/15/27 (Call 05/31/24)(c) | | |
Mattr Corp., 7.25%, 04/02/31 (Call 04/02/27)(c) | | |
| | |
5.88%, 02/01/29 (Call 05/13/24)(c) | | |
7.13%, 02/01/27 (Call 05/31/24)(c)(d) | | |
| | |
5.13%, 10/15/27 (Call 04/15/27) | | |
5.25%, 12/15/29 (Call 09/15/29) | | |
| | |
4.25%, 05/15/29 (Call 05/31/24)(c)(d) | | |
5.00%, 05/01/25 (Call 01/31/25)(c) | | |
5.25%, 06/01/27 (Call 03/03/27)(c) | | |
8.50%, 11/15/28 (Call 11/15/25)(c) | | |
9.00%, 02/15/30 (Call 08/15/26)(c) | | |
NuVista Energy Ltd., 7.88%, 07/23/26 (Call 05/10/24)(c) | | |
| | |
3.88%, 02/15/28 (Call 05/31/24)(c)(d) | | |
3.88%, 12/01/29 (Call 12/01/24)(c)(d) | | |
| | |
4.13%, 02/15/30 (Call 02/15/25)(c) | | |
4.13%, 12/01/31 (Call 12/01/26)(c)(d) | | |
| | |
3.88%, 06/16/26 (Call 05/10/24)(c) | | |
4.50%, 10/01/29 (Call 10/01/24)(c) | | |
4.63%, 05/01/30 (Call 05/01/25)(c) | | |
5.88%, 07/15/27 (Call 05/31/24)(c) | | |
Ritchie Bros Holdings Inc. | | |
6.75%, 03/15/28 (Call 03/15/25)(c) | | |
7.75%, 03/15/31 (Call 03/15/26)(c) | | |
Rogers Communications Inc., 5.25%, 03/15/82 (Call 03/15/27), (5-year CMT + 3.590%)(b)(c)(d) | | |
SNC-Lavalin Group Inc., 7.00%, 06/12/26 (Call 06/01/26) | | |
482024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
|
Superior Plus LP, 4.25%, 05/18/28 (Call 05/30/24)(c) | | |
Tamarack Valley Energy Ltd., 7.25%, 05/10/27 (Call 05/30/24)(c) | | |
| | |
3.13%, 01/15/31 (Call 01/15/26) | | |
3.63%, 06/15/28 (Call 06/15/24)(c) | | |
3.63%, 06/15/29 (Call 06/15/24)(c)(d) | | |
4.50%, 01/15/30 (Call 10/15/24) | | |
5.13%, 04/15/27 (Call 05/31/24)(c) | | |
| | |
|
Swissport Investments SA, 6.75%, 12/15/21(a)(e)(f) | | |
TI Automotive Finance PLC, 3.75%, 04/15/29 (Call 05/30/24)(a) | | |
| | |
|
Bank of Cyprus PCL, 7.38%, 07/25/28 (Call 07/25/27), (3-mo. EURIBOR + 4.095%)(a)(b) | | |
|
Allwyn Entertainment Financing U.K. PLC, 7.25%, 04/30/30 (Call 04/30/26)(a) | | |
|
| | |
1.50%, (Call 08/18/30), (5-year EUR Swap + 1.860%)(a)(b) | | |
2.50%, (Call 08/18/32), (5-year GUK + 2.136%)(a)(b) | | |
5.13%, (Call 09/14/29), (5-year EURIBOR ICE Swap + 2.590%)(a)(b) | | |
| | |
|
Citycon Treasury BV, 1.63%, 03/12/28 (Call 12/12/27)(a) | | |
Huhtamaki Oyj, 4.25%, 06/09/27 (Call 03/09/27)(a) | | |
| | |
|
Adevinta ASA, 2.63%, 11/15/25 (Call 05/10/24)(a) | | |
| | |
7.25%, 05/31/26 (Call 04/30/26)(a) | | |
8.13%, 05/31/28 (Call 02/28/28)(a) | | |
| | |
3.38%, 01/15/28 (Call 05/10/24)(a) | | |
4.13%, 01/15/29 (Call 05/30/24)(a) | | |
5.13%, 01/15/29 (Call 05/31/24)(c) | | |
5.13%, 07/15/29 (Call 05/31/24)(c) | | |
5.50%, 01/15/28 (Call 05/13/24)(c) | | |
5.50%, 10/15/29 (Call 10/15/24)(c) | | |
5.88%, 02/01/27 (Call 05/10/24)(a) | | |
8.13%, 02/01/27 (Call 05/13/24)(c) | | |
| | |
1.00%, 11/12/29 (Call 08/12/29)(a) | | |
2.50%, 11/07/28 (Call 08/07/28)(a) | | |
Banijay Entertainment SASU, 7.00%, 05/01/29 (Call 11/01/25)(a) | | |
CAB SELAS, 3.38%, 02/01/28 (Call 05/30/24)(a) | | |
Cerba Healthcare SACA, 3.50%, 05/31/28 (Call 05/31/24)(a) | | |
| | |
|
Chrome Holdco SASU, 5.00%, 05/31/29 (Call 05/31/24)(a) | | |
Cie Plastic Omnium SE, 4.88%, 03/13/29 (Call 12/13/28)(a) | | |
Electricite de France SA, 9.13%, (Call 03/15/33), (5-year CMT + 5.411%)(b)(c)(g) | | |
Elior Group SA, 3.75%, 07/15/26 (Call 05/30/24)(a) | | |
Elis SA, 1.63%, 04/03/28 (Call 01/03/28)(a) | | |
| | |
2.88%, 01/29/26 (Call 10/29/25)(a) | | |
6.00%, 03/22/29 (Call 12/22/28)(a) | | |
Emeria SASU, 3.38%, 03/31/28 (Call 05/30/24)(a) | | |
Eramet SA, 7.00%, 05/22/28 (Call 02/22/28)(a) | | |
Eutelsat SA, 1.50%, 10/13/28 (Call 07/13/28)(a) | | |
EUTELSAT SA SR UNSECURED REGS 04/29 9.75, 9.75%, 04/13/29 (Call 04/13/26)(a) | | |
| | |
2.38%, 06/15/27 (Call 05/10/24)(a) | | |
2.63%, 06/15/25 (Call 05/30/24)(a) | | |
2.75%, 02/15/27 (Call 05/30/24)(a) | | |
3.13%, 06/15/26 (Call 05/30/24)(a) | | |
3.75%, 06/15/28 (Call 05/30/24)(a) | | |
5.13%, 06/15/29 (Call 06/15/26)(a) | | |
5.50%, 06/15/31 (Call 06/15/27)(a) | | |
Getlink SE, 3.50%, 10/30/25 (Call 05/30/24)(a) | | |
Goldstory SAS, 6.75%, 02/01/30 (Call 02/01/26)(a) | | |
Holding d'Infrastructures des Metiers de l'Environnement, Series ., 0.63%, Series ., 09/16/28 (Call 06/16/28)(a) | | |
| | |
5.13%, 10/15/26 (Call 05/10/24)(a) | | |
5.63%, 10/15/28 (Call 10/15/24)(a) | | |
6.50%, 10/15/26 (Call 05/13/24)(c) | | |
7.00%, 10/15/28 (Call 10/15/24)(c) | | |
| | |
1.88%, 02/11/28 (Call 11/11/27)(a) | | |
2.38%, 06/17/26 (Call 03/17/26)(a) | | |
5.38%, 02/15/29 (Call 11/15/28)(a) | | |
Series ., 5.38%, Series ., 05/02/31 (Call 02/02/31)(a) | | |
IPD 3 BV, 8.00%, 06/15/28 (Call 06/15/25)(a) | | |
Kapla Holding SAS, 3.38%, 12/15/26 (Call 05/10/24)(a) | | |
La Financiere Atalian SASU, 8.50%, 06/30/28 (Call 05/15/24) | | |
| | |
6.38%, 05/15/28 (Call 05/15/25)(a) | | |
6.38%, 05/31/29 (Call 12/15/25)(a) | | |
Nexans SA, 4.25%, 03/11/30 (Call 12/11/29)(a) | | |
Paprec Holding SA, 6.50%, 11/17/27 (Call 11/17/25)(a) | | |
Picard Groupe SAS, 3.88%, 07/01/26 (Call 05/30/24)(a) | | |
| | |
1.13%, 10/04/27 (Call 07/04/27)(a) | | |
1.25%, 06/24/25 (Call 03/24/25)(a) | | |
2.38%, 05/25/26 (Call 02/25/26)(a) | | |
2.50%, 06/02/27 (Call 03/02/27)(a) | | |
Rexel SA, 2.13%, 12/15/28 (Call 12/15/24)(a) | | |
SNF Group SACA, 2.63%, 02/01/29 (Call 05/10/24)(a) | | |
Schedule of Investments49
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
|
SPIE SA, 2.63%, 06/18/26 (Call 12/18/25)(a) | | |
Tereos Finance Groupe I SA, 4.75%, 04/30/27 (Call 05/30/24)(a) | | |
| | |
1.50%, 06/18/25 (Call 03/18/25)(a) | | |
4.50%, 04/11/30 (Call 01/11/30)(a) | | |
5.38%, 05/28/27 (Call 02/28/27)(a) | | |
5.88%, 04/12/29 (Call 01/12/29)(a) | | |
| | |
|
| | |
5.38%, 03/25/82 (Call 06/25/30), (5-year EUR Swap + 4.458%)(a)(b) | | |
6.63%, 09/25/83 (Call 09/25/28), (5-year EUR Swap + 3.432%)(a)(b) | | |
7.00%, 09/25/83 (Call 09/25/31), (5-year EUR Swap + 3.896%)(a)(b) | | |
Series N5.5, 4.50%, Series N5.5, 03/25/82 (Call 06/25/27), (5-year EUR Swap + 3.751%)(a)(b) | | |
Bertelsmann SE & Co. KGaA, 3.50%, 04/23/75 (Call 04/23/27), (5-year EUR Swap + 3.206%)(a)(b) | | |
Ceconomy AG, 1.75%, 06/24/26 (Call 03/24/26)(a) | | |
Cheplapharm Arzneimittel GmbH | | |
4.38%, 01/15/28 (Call 05/30/24)(a) | | |
7.50%, 05/15/30 (Call 05/15/26)(a) | | |
| | |
| | |
| | |
4.00%, 12/05/30 (Call 09/05/25), (5-year EUR Swap + 4.350%)(a)(b) | | |
4.88%, 10/16/34 (Call 07/16/29), (5-year EURIBOR ICE Swap + 2.150%)(a)(b) | | |
8.63%, 02/28/33 (Call 11/28/27), (5-year GUK + 5.251%)(a)(b) | | |
Evonik Industries AG, 1.38%, 09/02/81 (Call 09/02/26), (5-year EUR Swap + 1.836%)(a)(b) | | |
Gruenenthal GmbH, 6.75%, 05/15/30 (Call 05/15/26)(a) | | |
| | |
3.75%, 09/15/26 (Call 05/10/24), (4.50% PIK)(a)(h) | | |
3.88%, 05/15/27 (Call 05/30/24), (4.62% PIK)(a)(h) | | |
Mahle GmbH, 2.38%, 05/14/28 (Call 02/14/28)(a) | | |
Mercer International Inc., 5.13%, 02/01/29 (Call 05/13/24)(d) | | |
Nidda Healthcare Holding GmbH, 7.50%, 08/21/26 (Call 05/10/24)(a) | | |
PCF GmbH, 4.75%, 04/15/26 (Call 05/10/24)(a) | | |
| | |
2.88%, 03/26/27 (Call 12/26/26)(a) | | |
3.38%, 10/12/28 (Call 07/12/28)(a) | | |
4.50%, 03/28/30 (Call 12/28/29)(a) | | |
4.75%, 08/14/29 (Call 05/14/29)(a) | | |
Tele Columbus AG, 10.00%, 03/19/29 (Call 05/10/24), (10.00% PIK)(a)(h) | | |
| | |
6.63%, 07/15/28 (Call 05/30/24)(a) | | |
| | |
|
7.63%, 07/15/28 (Call 05/31/24)(c) | | |
TK Elevator U.S. Newco Inc., 5.25%, 07/15/27 (Call 05/31/24)(c) | | |
TUI AG, 5.88%, 03/15/29 (Call 02/28/26)(a) | | |
| | |
6.25%, 04/15/29 (Call 04/15/26)(a) | | |
6.50%, 05/15/26 (Call 05/10/24)(a) | | |
WEPA Hygieneprodukte GmbH, 5.63%, 01/15/31 (Call 01/15/27)(a) | | |
| | |
2.00%, 02/23/26 (Call 12/23/25)(a) | | |
2.50%, 10/23/27 (Call 07/23/27)(a) | | |
3.00%, 10/23/29 (Call 07/23/29)(a) | | |
4.75%, 01/31/29 (Call 10/31/28)(a) | | |
| | |
2.00%, 05/06/27 (Call 02/06/27)(a) | | |
2.75%, 05/25/27 (Call 02/25/27)(a) | | |
5.75%, 08/03/26 (Call 07/03/26)(a) | | |
ZF North America Capital Inc. | | |
6.75%, 04/23/30 (Call 03/23/30)(c) | | |
6.88%, 04/14/28 (Call 03/14/28)(c) | | |
7.13%, 04/14/30 (Call 02/14/30)(c) | | |
| | |
|
| | |
2.50%, 03/23/28 (Call 03/23/27), (1-year EUR Swap + 2.849%)(a)(b) | | |
7.50%, 06/16/27 (Call 06/16/26), (1-year EUR Swap + 5.084%)(a)(b) | | |
Alpha Services and Holdings SA, 5.50%, 06/11/31 (Call 03/11/26), (5-year EUR Swap + 5.823%)(a)(b) | | |
Eurobank Ergasias Services & Holdings SA, 10.00%, 12/06/32 (Call 12/06/27), (5-year EUR Swap + 7.588%)(a)(b) | | |
| | |
5.88%, 11/28/29 (Call 11/28/28), (1-year EUR Swap + 2.830%)(a)(b) | | |
7.00%, 01/26/29 (Call 01/26/28), (1-year EUR Swap + 4.418%)(a)(b) | | |
National Bank of Greece SA | | |
4.50%, 01/29/29 (Call 01/29/28), (6-mo. EURIBOR + 1.812%)(a)(b) | | |
5.88%, 06/28/35 (Call 03/28/30), (5-year EURIBOR ICE Swap + 3.154%)(a)(b) | | |
8.00%, 01/03/34 (Call 10/03/28), (5-year EURIBOR ICE Swap + 4.646%)(a)(b) | | |
| | |
5.00%, 04/16/30 (Call 04/16/29), (1-year EURIBOR ICE Swap + 2.245%)(a)(b) | | |
6.75%, 12/05/29 (Call 12/05/28), (1-year EUR Swap + 2.837%)(a)(b) | | |
8.25%, 01/28/27 (Call 01/28/26), (1-year EUR Swap + 5.715%)(a)(b) | | |
Public Power Corp. SA, 4.38%, 03/30/26 (Call 05/30/24)(a) | | |
| | |
|
Melco Resorts Finance Ltd. | | |
4.88%, 06/06/25 (Call 05/31/24)(c) | | |
502024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
|
5.25%, 04/26/26 (Call 05/31/24)(c) | | |
5.38%, 12/04/29 (Call 12/04/24)(c) | | |
5.63%, 07/17/27 (Call 05/31/24)(c) | | |
5.75%, 07/21/28 (Call 05/31/24)(c) | | |
| | |
|
AerCap Global Aviation Trust, 6.50%, 06/15/45 (Call 06/15/25), (3-mo. SOFR + 4.562%)(b)(c) | | |
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc., 5.25%, 08/15/27 (Call 05/31/24)(c) | | |
C&W Senior Finance Ltd., 6.88%, 09/15/27 (Call 05/13/24)(c) | | |
eircom Finance DAC, 3.50%, 05/15/26 (Call 05/30/24)(a) | | |
Energia Group Roi Financeco DAC, 6.88%, 07/31/28 (Call 07/31/25)(a) | | |
| | |
6.88%, 04/15/29 (Call 04/15/26)(c) | | |
7.75%, 05/15/26 (Call 11/15/25)(c) | | |
8.00%, 02/15/27 (Call 08/15/26)(c) | | |
8.00%, 06/15/28 (Call 12/15/27)(c) | | |
| | |
|
Energian Israel Finance Ltd. | | |
4.88%, 03/30/26 (Call 12/30/25)(a)(c) | | |
5.38%, 03/30/28 (Call 09/30/27)(a)(c) | | |
5.88%, 03/30/31 (Call 09/30/30)(a)(c) | | |
8.50%, 09/30/33 (Call 09/30/29)(a)(c) | | |
| | |
6.13%, 06/30/25 (Call 03/30/25)(a)(c) | | |
6.50%, 06/30/27 (Call 12/30/26)(a)(c) | | |
6.75%, 06/30/30 (Call 12/30/29)(a)(c) | | |
Teva Pharmaceutical Finance Netherlands II BV | | |
3.75%, 05/09/27 (Call 02/09/27) | | |
4.38%, 05/09/30 (Call 02/09/30) | | |
7.38%, 09/15/29 (Call 06/15/29) | | |
7.88%, 09/15/31 (Call 06/15/31) | | |
Teva Pharmaceutical Finance Netherlands III BV | | |
| | |
4.75%, 05/09/27 (Call 02/09/27) | | |
5.13%, 05/09/29 (Call 02/09/29) | | |
6.75%, 03/01/28 (Call 12/01/27) | | |
7.88%, 09/15/29 (Call 06/15/29) | | |
8.13%, 09/15/31 (Call 06/15/31) | | |
| | |
|
Banca IFIS SpA, 6.13%, 01/19/27(a) | | |
Banca Monte dei Paschi di Siena SpA | | |
| | |
4.75%, 03/15/29 (Call 03/15/28), (3-mo. EURIBOR + 2.047%)(a)(b) | | |
| | |
| | |
3.25%, 01/14/31 (Call 01/14/26), (5-year EUR Swap + 3.800%)(a)(b) | | |
5.00%, 09/14/30 (Call 09/14/25), (5-year EUR Swap + 5.419%)(a)(b) | | |
| | |
5.75%, 09/11/29 (Call 09/11/28), (3-mo. EURIBOR + 2.600%)(a)(b) | | |
| | |
|
6.13%, 02/01/28 (Call 02/01/27), (3-mo. EURIBOR + 3.600%)(a)(b) | | |
Cerved Group SpA, 6.00%, 02/15/29 (Call 03/15/25)(a) | | |
doValue SpA, 3.38%, 07/31/26 (Call 05/10/24)(a) | | |
Engineering - Ingegneria Informatica - SpA, 5.88%, 09/30/26 (Call 05/15/24)(a) | | |
Guala Closures SpA, 3.25%, 06/15/28 (Call 06/15/24)(a) | | |
Iccrea Banca SpA, 4.75%, 01/18/32 (Call 10/18/26), (5-year EURIBOR ICE Swap + 4.829%)(a)(b) | | |
IMA Industria Macchine Automatiche SpA, 3.75%, 01/15/28 (Call 05/10/24)(a) | | |
Infrastrutture Wireless Italiane SpA | | |
1.75%, 04/19/31 (Call 01/19/31)(a) | | |
1.88%, 07/08/26 (Call 04/08/26)(a) | | |
International Design Group SpA, 10.00%, 11/15/28 (Call 11/15/25)(a) | | |
| | |
| | |
| | |
| | |
4.20%, 06/01/32 (Call 06/01/31), (1-year CMT + 2.600%)(b)(c) | | |
| | |
| | |
Lottomatica SpA, 9.75%, 09/30/27 (Call 09/30/24)(a) | | |
| | |
1.88%, 07/13/27 (Call 04/13/27)(a) | | |
1.88%, 02/12/28 (Call 11/12/27)(a) | | |
4.75%, 01/24/29 (Call 10/24/28)(a) | | |
| | |
1.63%, 04/30/26 (Call 01/30/26)(a) | | |
2.13%, 04/30/29 (Call 01/30/29)(a) | | |
Rossini Sarl, 6.75%, 10/30/25 (Call 05/10/24)(a) | | |
Saipem Finance International BV, 3.13%, 03/31/28 (Call 12/31/27)(a) | | |
| | |
6.88%, 02/15/28 (Call 11/15/27)(a) | | |
7.88%, 07/31/28 (Call 05/01/28)(a) | | |
Telecom Italia SpA/Milano | | |
1.63%, 01/18/29 (Call 10/18/28)(a) | | |
2.38%, 10/12/27 (Call 07/12/27)(a) | | |
2.75%, 04/15/25 (Call 01/15/25)(a) | | |
| | |
| | |
| | |
2.73%, 01/15/32 (Call 01/15/27), (5-year EUR Swap + 2.800%)(a)(b) | | |
5.46%, 06/30/35 (Call 06/30/30), (5-year CMT + 4.750%)(b)(c) | | |
5.86%, 06/19/32 (Call 06/19/27), (5-year USD ICE Swap + 3.703%)(b)(c) | | |
7.30%, 04/02/34 (Call 04/02/29), (5-year USD ICE Swap + 4.914%)(b)(c) | | |
| | |
5.88%, 12/15/25 (Call 06/15/25)(a) | | |
7.00%, 09/27/28 (Call 03/27/28)(a) | | |
| | |
Schedule of Investments51
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
|
| | |
5.13%, (Call 04/22/26), (5-year CMT + 4.578%)(b)(c)(g) | | |
6.25%, (Call 04/22/31), (5-year CMT + 4.956%)(b)(c)(g) | | |
| | |
| | |
2.88%, 01/06/27 (Call 10/06/26)(a) | | |
3.13%, 09/19/25 (Call 06/21/25)(a) | | |
4.00%, 09/19/29 (Call 06/21/29)(a) | | |
5.00%, 04/15/28 (Call 01/16/28)(a) | | |
| | |
|
Aston Martin Capital Holdings Ltd., 10.38%, 03/31/29 (Call 03/15/26)(a) | | |
|
Albion Financing 1 SARL/Aggreko Holdings Inc., 6.13%, 10/15/26 (Call 05/31/24)(c) | | |
Albion Financing 2 SARL, 8.75%, 04/15/27 (Call 05/31/24)(c) | | |
| | |
4.25%, 08/15/29 (Call 08/15/24)(a) | | |
5.00%, 01/15/28 (Call 05/31/24)(c) | | |
5.75%, 08/15/29 (Call 08/15/24)(c) | | |
Altice Finco SA, 4.75%, 01/15/28 (Call 05/30/24)(a) | | |
| | |
4.00%, 02/15/28 (Call 05/30/24)(a) | | |
6.00%, 02/15/28 (Call 05/31/24)(c) | | |
| | |
10.50%, 05/15/27 (Call 05/13/24)(c) | | |
ARD Finance SA, 5.00%, 06/30/27 (Call 05/10/24), (5.00% Cash and 5.75% PIK)(a)(h) | | |
Cidron Aida Finco Sarl, 5.00%, 04/01/28 (Call 05/30/24)(a) | | |
Garfunkelux Holdco 3 SA, 6.75%, 11/01/25 (Call 05/30/24)(a) | | |
Herens Midco Sarl, 5.25%, 05/15/29 (Call 05/30/24)(a) | | |
| | |
6.63%, 05/15/28 (Call 02/15/25)(a) | | |
7.50%, 04/15/29 (Call 04/15/26)(c) | | |
Intelsat Jackson Holdings SA, 6.50%, 03/15/30 (Call 03/15/25)(c) | | |
Kleopatra Holdings 2 SCA, 6.50%, 09/01/26 (Call 05/30/24)(a) | | |
Loarre Investments Sarl, 6.50%, 05/15/29 (Call 05/15/25)(a) | | |
Matterhorn Telecom SA, 4.00%, 11/15/27 (Call 05/30/24)(a) | | |
Summer BC Holdco B Sarl, 5.75%, 10/31/26 (Call 05/30/24)(a) | | |
| | |
|
| | |
4.75%, 02/01/27 (Call 05/13/24)(c) | | |
5.25%, 06/18/25 (Call 05/13/24)(c) | | |
5.88%, 05/15/26 (Call 05/13/24)(c) | | |
| | |
|
| | |
5.00%, 01/15/29 (Call 05/31/24)(c) | | |
6.50%, 01/15/28 (Call 05/31/24)(c) | | |
| | |
5.13%, 12/15/29 (Call 12/15/24)(c) | | |
5.50%, 01/15/26 (Call 05/31/24)(c) | | |
5.50%, 10/01/27 (Call 05/31/24)(c) | | |
5.63%, 08/26/28 (Call 05/13/24)(c) | | |
| | |
|
Boost Newco Borrower LLC / GTCR W Dutch Finance Sub BV, 8.50%, 01/15/31 (Call 01/15/27)(a) | | |
Maxeda DIY Holding BV, 5.88%, 10/01/26 (Call 05/10/24)(a) | | |
Nobian Finance BV, 3.63%, 07/15/26 (Call 05/30/24)(a) | | |
PPF Telecom Group BV, 3.25%, 09/29/27 (Call 06/29/27)(a) | | |
Q-Park Holding I BV, 2.00%, 03/01/27 (Call 05/30/24)(a) | | |
Sigma Holdco BV, 5.75%, 05/15/26 (Call 05/10/24)(a) | | |
Sunrise FinCo I BV, 4.88%, 07/15/31 (Call 07/15/26)(c) | | |
TMNL Holding BV, 3.75%, 01/15/29 (Call 01/15/25)(a) | | |
Trivium Packaging Finance BV | | |
3.75%, 08/15/26 (Call 05/30/24)(a) | | |
5.50%, 08/15/26 (Call 05/31/24)(c) | | |
8.50%, 08/15/27 (Call 05/13/24)(c) | | |
UPCB Finance VII Ltd., 3.63%, 06/15/29 (Call 05/10/24)(a) | | |
Versuni Group BV, 3.13%, 06/15/28 (Call 06/15/24)(a) | | |
VZ Secured Financing BV, 5.00%, 01/15/32 (Call 01/15/27)(c) | | |
VZ Vendor Financing II BV, 2.88%, 01/15/29 (Call 05/10/24)(a) | | |
| | |
3.38%, 02/28/30 (Call 02/15/25)(a) | | |
5.13%, 02/28/30 (Call 02/15/25)(c) | | |
6.00%, 01/15/27 (Call 05/31/24)(c)(d) | | |
| | |
2.88%, 01/15/30 (Call 10/15/24)(a) | | |
4.88%, 01/15/30 (Call 10/15/24)(c) | | |
| | |
|
Var Energi ASA, 7.86%, 11/15/83 (Call 11/15/28), (5-year EURIBOR ICE Swap + 4.765%)(a)(b) | | |
|
Caixa Central de Credito Agricola Mutuo CRL, 2.50%, 11/05/26 (Call 11/05/25), (3-mo. EURIBOR + 2.600%)(a)(b) | | |
EDP - Energias de Portugal SA | | |
1.50%, 03/14/82 (Call 12/14/26), (5-year EUR Swap + 1.888%)(a)(b) | | |
1.88%, 08/02/81 (Call 05/02/26), (5-year EUR Swap + 2.380%)(a)(b) | | |
522024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
|
5.94%, 04/23/83 (Call 01/23/28), (5-year EUR Swap + 3.184%)(a)(b) | | |
Novo Banco SA, 9.88%, 12/01/33 (Call 06/01/28), (5-year EUR Swap + 6.714%)(a)(b) | | |
| | |
|
| | |
3.63%, 02/15/28 (Call 05/30/24)(a) | | |
4.63%, 08/15/28 (Call 08/15/24)(a) | | |
6.75%, 02/15/31 (Call 02/05/27)(a) | | |
| | |
|
ACS Actividades de Construccion y Servicios SA, 1.38%, 06/17/25 (Call 03/17/25)(a) | | |
Banco de Credito Social Cooperativo SA | | |
7.50%, 09/14/29 (Call 09/14/28), (1-year EURIBOR ICE Swap + 4.269%)(a)(b) | | |
8.00%, 09/22/26 (Call 09/22/25), (1-year EUR Swap + 5.619%)(a)(b) | | |
| | |
5.13%, 06/27/34 (Call 03/27/29), (5-year EURIBOR ICE Swap + 2.400%)(a)(b) | | |
6.00%, 08/16/33 (Call 05/16/28), (5-year EUR Swap + 3.150%)(a)(b) | | |
Cirsa Finance International Sarl | | |
7.88%, 07/31/28 (Call 07/19/25)(a) | | |
10.38%, 11/30/27 (Call 11/09/24)(a) | | |
ContourGlobal Power Holdings SA, 2.75%, 01/01/26 (Call 05/30/24)(a) | | |
eDreams ODIGEO SA, 5.50%, 07/15/27 (Call 05/30/24)(a) | | |
Eroski S Coop, 10.63%, 04/30/29 (Call 11/30/25)(a) | | |
| | |
1.63%, 02/15/25 (Call 05/30/24)(a) | | |
3.20%, 05/01/25 (Call 05/24/24)(a) | | |
3.88%, 10/15/28 (Call 10/15/24)(a) | | |
Grupo-Antolin Irausa SA, 3.38%, 04/30/26 (Call 05/10/24)(a) | | |
Ibercaja Banco SA, 2.75%, 07/23/30 (Call 07/23/25), (5-year EUR Swap + 2.882%)(a)(b) | | |
Kaixo Bondco Telecom SA, 5.13%, 09/30/29 (Call 09/30/24)(a) | | |
Lorca Telecom Bondco SA, 4.00%, 09/18/27 (Call 05/14/24)(a) | | |
Unicaja Banco SA, 6.50%, 09/11/28 (Call 09/11/27), (1-year EUR Swap + 3.250%)(a)(b) | | |
Via Celere Desarrollos Inmobiliarios SA, 5.25%, 04/01/26 (Call 05/30/24)(a) | | |
| | |
|
Dometic Group AB, 2.00%, 09/29/28 (Call 06/29/28)(a) | | |
Heimstaden AB, 4.25%, 03/09/26 (Call 12/09/25)(a) | | |
| | |
3.00%, 09/15/27 (Call 05/10/24)(a) | | |
3.50%, 07/15/26 (Call 05/10/24)(a) | | |
| | |
|
4.88%, 08/15/25 (Call 05/10/24)(a) | | |
Samhallsbyggnadsbolaget i Norden AB | | |
2.25%, 08/12/27 (Call 05/12/27)(a) | | |
2.38%, 09/04/26 (Call 06/04/26)(a) | | |
SBB Treasury OYJ, 1.13%, 11/26/29 (Call 08/26/29)(a) | | |
| | |
7.25%, 01/15/31 (Call 01/15/27)(c) | | |
7.63%, 02/15/31 (Call 02/15/27)(c) | | |
| | |
3.25%, 02/15/27 (Call 05/10/24)(a) | | |
3.88%, 07/15/26 (Call 05/10/24)(a) | | |
7.13%, 02/01/28 (Call 02/01/25)(a) | | |
Verisure Midholding AB, 5.25%, 02/15/29 (Call 05/10/24)(a) | | |
| | |
2.50%, 10/07/27 (Call 07/07/27)(a) | | |
| | |
| | |
|
| | |
2.00%, 02/15/27 (Call 05/30/24)(a) | | |
4.75%, 04/18/31 (Call 04/18/27)(a) | | |
SIG Combibloc PurchaseCo SARL, 2.13%, 06/18/25 (Call 03/18/25)(a) | | |
VistaJet Malta Finance PLC/Vista Management Holding Inc. | | |
6.38%, 02/01/30 (Call 02/01/25)(c)(d) | | |
7.88%, 05/01/27 (Call 05/31/24)(c)(d) | | |
9.50%, 06/01/28 (Call 06/01/25)(c) | | |
| | |
|
888 Acquisitions Ltd., 7.56%, 07/15/27 (Call 07/15/24)(a) | | |
| | |
6.88%, 02/15/31 (Call 02/15/27)(a) | | |
7.75%, 02/15/31 (Call 02/15/27)(c) | | |
Ardonagh Group Finance Ltd., 8.88%, 02/15/32 (Call 02/15/27)(c) | | |
B&M European Value Retail SA, 8.13%, 11/15/30 (Call 11/15/26)(a) | | |
BCP V Modular Services Finance II PLC, 4.75%, 11/30/28 (Call 11/30/24)(a) | | |
Bellis Acquisition Co. PLC, 3.25%, 02/16/26 (Call 05/30/24)(a) | | |
Bellis Finco PLC, 4.00%, 02/16/27 (Call 05/30/24)(a) | | |
British Telecommunications PLC | | |
1.87%, 08/18/80 (Call 05/18/25), (5-year EUR Swap + 2.130%)(a)(b) | | |
4.25%, 11/23/81 (Call 11/23/26), (5-year CMT + 2.985%)(b)(c) | | |
4.88%, 11/23/81 (Call 08/23/31), (5-year CMT + 3.493%)(b)(c) | | |
Canary Wharf Group Investment Holdings PLC, 2.63%, 04/23/25 (Call 03/23/25)(a) | | |
Connect Finco Sarl/Connect U.S. Finco LLC, 6.75%, 10/01/26 (Call 05/13/24)(c) | | |
Constellation Automotive Financing PLC, 4.88%, 07/15/27 (Call 05/30/24)(a) | | |
Schedule of Investments53
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
United Kingdom (continued) |
Deuce Finco PLC, 5.50%, 06/15/27 (Call 05/30/24)(a) | | |
eG Global Finance PLC, 12.00%, 11/30/28 (Call 05/30/26)(c) | | |
Global Auto Holdings Ltd./AAG FH U.K. Ltd., 8.38%, 01/15/29 (Call 01/15/26)(c) | | |
Heathrow Finance PLC, 3.88%, 03/01/27(a)(i) | | |
Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC | | |
7.25%, 02/15/31 (Call 02/15/27)(c) | | |
8.13%, 02/15/32 (Call 02/15/27)(c) | | |
Iceland Bondco PLC, 10.88%, 12/15/27 (Call 08/15/25)(a) | | |
INEOS Quattro Finance 1 PLC, 3.75%, 07/15/26 (Call 05/10/24)(a) | | |
INEOS Quattro Finance 2 PLC | | |
2.50%, 01/15/26 (Call 05/10/24)(a) | | |
Series APR, 8.50%, Series APR, 03/15/29 (Call 11/15/25)(a) | | |
International Consolidated Airlines Group SA | | |
1.50%, 07/04/27 (Call 04/04/27)(a) | | |
3.75%, 03/25/29 (Call 12/25/28)(a) | | |
Jaguar Land Rover Automotive PLC | | |
4.50%, 01/15/26 (Call 10/15/25)(a) | | |
4.50%, 10/01/27 (Call 07/01/27)(c) | | |
5.88%, 01/15/28 (Call 05/31/24)(c) | | |
7.75%, 10/15/25 (Call 05/13/24)(c) | | |
Kier Group PLC, 9.00%, 02/15/29 (Call 02/15/26)(a) | | |
Macquarie Airfinance Holdings Ltd. | | |
8.13%, 03/30/29 (Call 09/30/25)(c) | | |
8.38%, 05/01/28 (Call 05/01/25)(c) | | |
Market Bidco Finco PLC, 5.50%, 11/04/27 (Call 11/04/24)(a) | | |
Merlin Entertainments Group U.S. Holdings Inc., 7.38%, 02/15/31 (Call 02/15/27)(c) | | |
Motion Finco Sarl, 7.38%, 06/15/30 (Call 06/15/26)(a) | | |
| | |
2.13%, 09/05/82 (Call 06/05/27)(a)(b) | | |
5.63%, 06/18/73 (Call 06/18/25), (12-year GBP Swap + 3.480%)(a)(b) | | |
Nomad Foods Bondco PLC, 2.50%, 06/24/28 (Call 06/24/24)(a) | | |
Ocado Group PLC, 3.88%, 10/08/26 (Call 05/30/24)(a) | | |
Odeon Finco PLC, 12.75%, 11/01/27 (Call 11/01/24)(c) | | |
PeopleCert Wisdom Issuer PLC, 5.75%, 09/15/26 (Call 05/30/24)(a) | | |
Pinnacle Bidco PLC, 10.00%, 10/11/28 (Call 10/11/25)(a) | | |
Playtech PLC, 5.88%, 06/28/28 (Call 06/28/25)(a) | | |
Punch Finance PLC, 6.13%, 06/30/26 (Call 06/30/24)(a) | | |
Sherwood Financing PLC, 4.50%, 11/15/26 (Call 05/30/24)(a) | | |
Stonegate Pub Co. Financing 2019 PLC, 8.25%, 07/31/25 (Call 05/30/24)(a) | | |
TalkTalk Telecom Group Ltd., 3.88%, 02/20/25 (Call 05/10/24)(a) | | |
| | |
United Kingdom (continued) |
Thames Water Utilities Finance PLC, 2.88%, 05/03/27(a) | | |
Very Group Funding PLC (The), 6.50%, 08/01/26 (Call 05/10/24)(a) | | |
Victoria PLC, 3.63%, 08/24/26 (Call 05/10/24)(a) | | |
Virgin Media Finance PLC, 5.00%, 07/15/30 (Call 07/15/25)(c) | | |
Virgin Media Secured Finance PLC | | |
4.13%, 08/15/30 (Call 08/15/25)(a) | | |
4.25%, 01/15/30 (Call 10/15/24)(a) | | |
4.50%, 08/15/30 (Call 08/15/25)(c) | | |
5.50%, 05/15/29 (Call 05/15/24)(c) | | |
Virgin Media Vendor Financing Notes III DAC, 4.88%, 07/15/28 (Call 05/30/24)(a) | | |
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28 (Call 05/31/24)(c) | | |
Vmed O2 U.K. Financing I PLC | | |
4.25%, 01/31/31 (Call 01/31/26)(c) | | |
4.75%, 07/15/31 (Call 07/15/26)(c) | | |
Vmed O2 UK Financing I PLC | | |
3.25%, 01/31/31 (Call 01/31/26)(a) | | |
7.75%, 04/15/32 (Call 04/15/27)(c) | | |
| | |
3.00%, 08/27/80 (Call 05/27/30), (5-year EUR Swap + 3.477%)(a)(b) | | |
3.25%, 06/04/81 (Call 06/04/26), (5-year CMT + 2.447%)(b) | | |
4.13%, 06/04/81 (Call 03/04/31), (5-year CMT + 2.767%)(b) | | |
6.50%, 08/30/84 (Call 05/30/29), (5-year EUR Swap + 3.489%)(a)(b) | | |
7.00%, 04/04/79 (Call 01/04/29), (5-year USD Swap + 4.873%)(b) | | |
8.00%, 08/30/86 (Call 05/30/31), (5-year GUK + 3.837%)(a)(b) | | |
| | |
|
Acrisure LLC/Acrisure Finance Inc. | | |
4.25%, 02/15/29 (Call 05/31/24)(c) | | |
6.00%, 08/01/29 (Call 08/01/24)(c) | | |
8.25%, 02/01/29 (Call 02/01/26)(c) | | |
10.13%, 08/01/26 (Call 05/31/24)(c) | | |
| | |
4.63%, 08/01/29 (Call 05/31/24)(c)(d) | | |
5.13%, 03/01/30 (Call 03/01/25)(c)(d) | | |
Adient Global Holdings Ltd. | | |
7.00%, 04/15/28 (Call 04/15/25)(c) | | |
8.25%, 04/15/31 (Call 04/15/26)(c)(d) | | |
ADT Security Corp. (The), 4.13%, 08/01/29 (Call 08/01/28)(c)(d) | | |
Advance Auto Parts Inc., 3.90%, 04/15/30 (Call 01/15/30) | | |
AG Issuer LLC, 6.25%, 03/01/28 (Call 05/31/24)(c) | | |
AG TTMT Escrow Issuer LLC, 8.63%, 09/30/27 (Call 09/30/24)(c) | | |
Albertsons Companies Inc./Safeway Inc./New Albertsons LP/Albertsons LLC | | |
3.25%, 03/15/26 (Call 05/31/24)(c) | | |
3.50%, 03/15/29 (Call 05/31/24)(c) | | |
4.63%, 01/15/27 (Call 05/31/24)(c) | | |
4.88%, 02/15/30 (Call 02/15/25)(c) | | |
542024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
United States (continued) |
5.88%, 02/15/28 (Call 05/31/24)(c) | | |
6.50%, 02/15/28 (Call 02/15/25)(c)(d) | | |
7.50%, 03/15/26 (Call 05/31/24)(c) | | |
Alcoa Nederland Holding BV | | |
4.13%, 03/31/29 (Call 05/16/24)(c) | | |
6.13%, 05/15/28 (Call 05/31/24)(c) | | |
7.13%, 03/15/31 (Call 03/15/27)(c) | | |
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | | |
4.25%, 10/15/27 (Call 05/31/24)(c) | | |
5.88%, 11/01/29 (Call 11/01/24)(c)(d) | | |
6.75%, 10/15/27 (Call 05/31/24)(c) | | |
6.75%, 04/15/28 (Call 04/15/25)(c) | | |
7.00%, 01/15/31 (Call 01/15/27)(c) | | |
Allied Universal Holdco LLC, 7.88%, 02/15/31 (Call 02/15/27)(c) | | |
Allied Universal Holdco LLC/Allied Universal Finance Corp. | | |
6.00%, 06/01/29 (Call 06/01/24)(c)(d) | | |
6.63%, 07/15/26 (Call 05/31/24)(c) | | |
9.75%, 07/15/27 (Call 05/31/24)(c) | | |
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL | | |
3.63%, 06/01/28 (Call 06/01/24)(a) | | |
4.63%, 06/01/28 (Call 06/01/24)(c) | | |
Allison Transmission Inc. | | |
3.75%, 01/30/31 (Call 01/30/26)(c)(d) | | |
4.75%, 10/01/27 (Call 05/13/24)(c) | | |
5.88%, 06/01/29 (Call 06/01/24)(c) | | |
| | |
5.75%, 11/20/25 (Call 10/21/25) | | |
6.70%, 02/14/33 (Call 11/16/32)(d) | | |
AMC Entertainment Holdings Inc., 7.50%, 02/15/29 (Call 02/15/25)(c)(d) | | |
| | |
4.25%, 02/15/29 (Call 05/13/24)(d) | | |
10.25%, 01/15/29 (Call 01/15/26)(c) | | |
| | |
7.25%, 02/15/28 (Call 02/15/25)(c)(d) | | |
8.50%, 05/15/29 (Call 11/15/25)(c) | | |
American Airlines Inc./AAdvantage Loyalty IP Ltd. | | |
| | |
| | |
American Axle & Manufacturing Inc. | | |
5.00%, 10/01/29 (Call 10/01/24)(d) | | |
6.50%, 04/01/27 (Call 05/31/24) | | |
6.88%, 07/01/28 (Call 05/13/24)(d) | | |
American Builders & Contractors Supply Co. Inc. | | |
3.88%, 11/15/29 (Call 11/15/24)(c) | | |
4.00%, 01/15/28 (Call 05/31/24)(c) | | |
AmeriGas Partners LP/AmeriGas Finance Corp. | | |
5.50%, 05/20/25 (Call 02/20/25) | | |
5.75%, 05/20/27 (Call 02/20/27) | | |
5.88%, 08/20/26 (Call 05/20/26) | | |
9.38%, 06/01/28 (Call 06/01/25)(c) | | |
| | |
4.88%, 06/30/29 (Call 06/30/24)(c) | | |
6.38%, 02/15/29 (Call 02/15/26)(c) | | |
Antero Midstream Partners LP/Antero Midstream Finance Corp. | | |
5.38%, 06/15/29 (Call 06/15/24)(c) | | |
| | |
United States (continued) |
5.75%, 03/01/27 (Call 05/16/24)(c) | | |
5.75%, 01/15/28 (Call 05/16/24)(c) | | |
6.63%, 02/01/32 (Call 02/01/27)(c) | | |
7.88%, 05/15/26 (Call 05/16/24)(c) | | |
| | |
5.38%, 03/01/30 (Call 03/01/25)(c) | | |
7.63%, 02/01/29 (Call 05/31/24)(c) | | |
Anywhere Real Estate Group LLC/Anywhere Co-Issuer Corp., 7.00%, 04/15/30 (Call 04/15/25)(c)(d) | | |
| | |
5.75%, 07/15/29 (Call 07/15/24)(c) | | |
6.75%, 02/15/27 (Call 05/31/24)(c) | | |
| | |
5.00%, 04/01/25 (Call 05/31/24)(c) | | |
5.00%, 02/01/28 (Call 05/31/24)(c) | | |
| | |
4.25%, 06/01/28 (Call 05/31/24)(c) | | |
6.13%, 12/01/28 (Call 05/31/24)(c)(d) | | |
Archrock Partners LP/Archrock Partners Finance Corp. | | |
6.25%, 04/01/28 (Call 05/31/24)(c) | | |
6.88%, 04/01/27 (Call 05/31/24)(c) | | |
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC | | |
2.00%, 09/01/28 (Call 05/31/24)(a) | | |
3.25%, 09/01/28 (Call 05/31/24)(c) | | |
4.00%, 09/01/29 (Call 05/31/24)(c) | | |
6.00%, 06/15/27 (Call 06/15/24)(c) | | |
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc. | | |
2.13%, 08/15/26 (Call 05/31/24)(a) | | |
4.13%, 08/15/26 (Call 05/13/24)(c) | | |
4.75%, 07/15/27 (Call 05/10/24)(a) | | |
5.25%, 04/30/25 (Call 05/31/24)(c) | | |
5.25%, 08/15/27 (Call 05/31/24)(c) | | |
| | |
7.50%, 04/01/29 (Call 05/31/24)(c) | | |
10.00%, 08/15/30 (Call 10/15/26)(c) | | |
| | |
8.00%, 10/01/30 (Call 10/01/26)(c) | | |
11.50%, 10/01/31 (Call 10/01/26)(c) | | |
Asbury Automotive Group Inc. | | |
4.50%, 03/01/28 (Call 05/13/24) | | |
4.63%, 11/15/29 (Call 11/15/24)(c)(d) | | |
4.75%, 03/01/30 (Call 03/01/25) | | |
5.00%, 02/15/32 (Call 11/15/26)(c) | | |
Ascent Resources Utica Holdings LLC/ARU Finance Corp. | | |
5.88%, 06/30/29 (Call 09/01/24)(c) | | |
7.00%, 11/01/26 (Call 05/31/24)(c) | | |
8.25%, 12/31/28 (Call 05/31/24)(c)(d) | | |
Ashland Services BV, 2.00%, 01/30/28 (Call 11/01/27)(a) | | |
Ashton Woods USA LLC/Ashton Woods Finance Co., 4.63%, 04/01/30 (Call 04/01/25)(c) | | |
ASP Unifrax Holdings Inc. | | |
5.25%, 09/30/28 (Call 09/30/24)(c) | | |
7.50%, 09/30/29 (Call 09/30/24)(c)(d) | | |
| | |
5.63%, 01/15/29 (Call 05/31/24)(c) | | |
Schedule of Investments55
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
United States (continued) |
7.50%, 02/15/32 (Call 02/15/27)(c) | | |
AthenaHealth Group Inc., 6.50%, 02/15/30 (Call 02/15/25)(c)(d) | | |
ATI Inc., 7.25%, 08/15/30 (Call 08/15/26) | | |
| | |
2.63%, 11/01/25 (Call 05/10/24)(a) | | |
3.88%, 11/01/29 (Call 11/01/24)(c) | | |
4.63%, 07/15/28 (Call 05/31/24)(c) | | |
| | |
5.75%, 05/15/25 (Call 05/31/24)(c) | | |
7.13%, 08/01/30 (Call 08/01/25)(c) | | |
Avis Budget Car Rental LLC/Avis Budget Finance Inc. | | |
4.75%, 04/01/28 (Call 05/13/24)(c)(d) | | |
5.38%, 03/01/29 (Call 05/31/24)(c) | | |
5.75%, 07/15/27 (Call 05/13/24)(c)(d) | | |
8.00%, 02/15/31 (Call 11/15/26)(c)(d) | | |
Axalta Coating Systems Dutch Holding B BV, 7.25%, 02/15/31 (Call 11/15/26)(c) | | |
Axalta Coating Systems LLC, 3.38%, 02/15/29 (Call 05/31/24)(c) | | |
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27 (Call 05/31/24)(c) | | |
| | |
5.25%, 09/15/27 (Call 05/31/24)(d) | | |
8.00%, 09/15/28 (Call 09/15/25)(c) | | |
| | |
2.88%, 08/15/30 (Call 05/15/30)(d) | | |
3.13%, 09/15/31 (Call 06/15/31) | | |
6.00%, 06/15/29 (Call 05/15/26) | | |
6.88%, 03/15/28 (Call 11/15/24) | | |
| | |
| | |
6.63%, 10/01/30 (Call 10/01/25)(c)(d) | | |
7.50%, 06/15/29 (Call 06/15/24)(d) | | |
Bausch & Lomb Corp., 8.38%, 10/01/28 (Call 10/01/25)(c)(d) | | |
Bausch Health Companies Inc. | | |
4.88%, 06/01/28 (Call 06/01/24)(c) | | |
5.25%, 01/30/30 (Call 01/30/25)(c) | | |
5.25%, 02/15/31 (Call 02/15/26)(c)(d) | | |
5.50%, 11/01/25 (Call 05/31/24)(c) | | |
5.75%, 08/15/27 (Call 05/16/24)(c) | | |
6.13%, 02/01/27 (Call 05/31/24)(c) | | |
6.25%, 02/15/29 (Call 05/13/24)(c)(d) | | |
9.00%, 12/15/25 (Call 05/31/24)(c)(d) | | |
| | |
Beacon Roofing Supply Inc., 6.50%, 08/01/30 (Call 08/01/26)(c) | | |
Belden Inc., 3.38%, 07/15/31 (Call 07/15/26)(a) | | |
Berry Global Inc., 5.63%, 07/15/27 (Call 05/31/24)(c) | | |
| | |
2.75%, 06/01/26 (Call 05/01/26) | | |
3.50%, 06/01/31 (Call 03/01/31) | | |
Boost Newco Borrower LLC, 7.50%, 01/15/31 (Call 01/15/27)(c) | | |
| | |
4.75%, 12/01/27 (Call 05/13/24)(d) | | |
4.75%, 06/15/31 (Call 06/15/26)(c)(d) | | |
| | |
United States (continued) |
Brand Industrial Services Inc., 10.38%, 08/01/30 (Call 08/01/26)(c) | | |
Brandywine Operating Partnership LP | | |
3.95%, 11/15/27 (Call 08/15/27) | | |
8.88%, 04/12/29 (Call 03/12/29) | | |
Bread Financial Holdings Inc., 9.75%, 03/15/29 (Call 03/15/26)(c) | | |
| | |
4.63%, 10/15/27 (Call 05/31/24)(c) | | |
5.50%, 07/15/25 (Call 05/31/24)(c) | | |
Brookfield Property Finance ULC | | |
4.00%, 09/30/26 (Call 08/30/26) | | |
7.13%, 02/13/28 (Call 01/13/28) | | |
Brookfield Property REIT Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC | | |
4.50%, 04/01/27 (Call 05/31/24)(c) | | |
5.75%, 05/15/26 (Call 05/13/24)(c)(d) | | |
| | |
3.95%, 12/01/26 (Call 09/01/26) | | |
4.13%, 12/01/27 (Call 09/01/27) | | |
4.50%, 03/01/28 (Call 12/01/27)(c) | | |
Builders FirstSource Inc. | | |
4.25%, 02/01/32 (Call 08/01/26)(c) | | |
5.00%, 03/01/30 (Call 03/01/25)(c) | | |
6.38%, 06/15/32 (Call 06/15/27)(c)(d) | | |
6.38%, 03/01/34 (Call 03/01/29)(c) | | |
Burford Capital Global Finance LLC, 9.25%, 07/01/31 (Call 07/01/26)(c) | | |
Caesars Entertainment Inc. | | |
4.63%, 10/15/29 (Call 10/15/24)(c) | | |
6.50%, 02/15/32 (Call 02/15/27)(c) | | |
7.00%, 02/15/30 (Call 02/15/26)(c) | | |
8.13%, 07/01/27 (Call 05/13/24)(c)(d) | | |
| | |
3.75%, 03/01/31 (Call 03/01/26)(c) | | |
4.50%, 02/15/28 (Call 05/31/24)(c) | | |
4.63%, 02/01/29 (Call 05/31/24)(c) | | |
5.00%, 02/01/31 (Call 02/01/26)(c)(d) | | |
5.13%, 03/15/28 (Call 05/31/24)(c) | | |
5.25%, 06/01/26 (Call 05/31/24)(c) | | |
Camelot Return Merger Sub Inc., 8.75%, 08/01/28 (Call 08/01/24)(c) | | |
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/28 (Call 05/01/25)(c) | | |
Carnival PLC, 1.00%, 10/28/29 (Call 07/28/29) | | |
| | |
12.00%, 12/01/28 (Call 08/15/24), (12.00% PIK)(c)(h) | | |
13.00%, 06/01/30 (Call 08/15/25), (13.00% PIK)(c)(h) | | |
14.00%, 06/01/31 (Call 08/15/28), (14.00% PIK)(c)(h) | | |
Catalent Pharma Solutions Inc. | | |
2.38%, 03/01/28 (Call 05/30/24)(a) | | |
3.13%, 02/15/29 (Call 05/31/24)(c) | | |
3.50%, 04/01/30 (Call 04/01/25)(c) | | |
5.00%, 07/15/27 (Call 05/31/24)(c) | | |
CCO Holdings LLC/CCO Holdings Capital Corp. | | |
4.25%, 02/01/31 (Call 07/01/25)(c) | | |
4.25%, 01/15/34 (Call 01/15/28)(c) | | |
562024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
United States (continued) |
4.50%, 08/15/30 (Call 02/15/25)(c) | | |
4.50%, 05/01/32 (Call 05/01/26) | | |
4.50%, 06/01/33 (Call 06/01/27)(c) | | |
4.75%, 03/01/30 (Call 09/01/24)(c) | | |
4.75%, 02/01/32 (Call 02/01/27)(c) | | |
5.00%, 02/01/28 (Call 05/16/24)(c) | | |
5.13%, 05/01/27 (Call 05/31/24)(c) | | |
5.38%, 06/01/29 (Call 06/01/24)(c) | | |
5.50%, 05/01/26 (Call 05/31/24)(c) | | |
6.38%, 09/01/29 (Call 09/01/25)(c)(d) | | |
7.38%, 03/01/31 (Call 03/01/26)(c) | | |
Cedar Fair LP, 5.25%, 07/15/29 (Call 07/15/24)(d) | | |
Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium Op | | |
5.38%, 04/15/27 (Call 05/31/24)(d) | | |
5.50%, 05/01/25 (Call 05/02/24)(c) | | |
| | |
4.13%, 10/15/30 (Call 10/15/25)(d) | | |
4.13%, 04/30/31 (Call 04/30/26)(c) | | |
Central Parent Inc./CDK Global Inc., 7.25%, 06/15/29 (Call 06/15/25)(c) | | |
Central Parent LLC/CDK Global II LLC/CDK Financing Co. Inc., 8.00%, 06/15/29 (Call 06/15/25)(c) | | |
| | |
3.88%, 08/15/29 (Call 02/15/29)(c) | | |
6.75%, 06/01/27 (Call 05/31/24) | | |
Charles River Laboratories International Inc. | | |
3.75%, 03/15/29 (Call 05/31/24)(c) | | |
4.00%, 03/15/31 (Call 03/15/26)(c) | | |
4.25%, 05/01/28 (Call 05/16/24)(c) | | |
| | |
7.50%, 01/01/30 (Call 01/01/26)(c) | | |
9.50%, 01/01/31 (Call 01/01/26)(c)(d) | | |
| | |
4.63%, 11/15/29 (Call 11/15/24)(c) | | |
5.38%, 05/15/27 (Call 02/15/27) | | |
5.75%, 11/15/28 (Call 05/13/24)(c) | | |
| | |
5.50%, 02/01/26 (Call 05/31/24)(c) | | |
5.88%, 02/01/29 (Call 05/31/24)(c)(d) | | |
6.75%, 04/15/29 (Call 05/31/24)(c) | | |
CHS/Community Health Systems Inc. | | |
4.75%, 02/15/31 (Call 02/15/26)(c) | | |
5.25%, 05/15/30 (Call 05/15/25)(c) | | |
5.63%, 03/15/27 (Call 05/16/24)(c) | | |
6.00%, 01/15/29 (Call 05/16/24)(c) | | |
6.13%, 04/01/30 (Call 04/01/25)(c) | | |
6.88%, 04/01/28 (Call 05/16/24)(c) | | |
6.88%, 04/15/29 (Call 05/31/24)(c) | | |
8.00%, 03/15/26 (Call 05/31/24)(c)(d) | | |
8.00%, 12/15/27 (Call 05/16/24)(c) | | |
10.88%, 01/15/32 (Call 02/15/27)(c) | | |
| | |
4.75%, 01/15/28 (Call 05/31/24)(c) | | |
5.50%, 04/01/27 (Call 05/31/24)(c) | | |
5.75%, 04/01/30 (Call 04/01/25)(c) | | |
6.75%, 05/01/31 (Call 05/01/26)(c) | | |
| | |
5.25%, 07/15/28 (Call 07/15/24)(c) | | |
5.88%, 03/15/26 (Call 05/31/24)(c)(d) | | |
| | |
United States (continued) |
| | |
6.38%, 06/15/26 (Call 05/31/24)(c) | | |
7.00%, 06/15/25 (Call 05/31/24)(c) | | |
8.38%, 01/15/29 (Call 10/15/25)(c) | | |
| | |
8.38%, 07/01/28 (Call 07/01/25)(c) | | |
8.63%, 11/01/30 (Call 11/01/26)(c) | | |
8.75%, 07/01/31 (Call 07/01/26)(c) | | |
Clarios Global LP, 6.75%, 05/15/25 (Call 05/31/24)(c) | | |
Clarios Global LP/Clarios U.S. Finance Co. | | |
4.38%, 05/15/26 (Call 05/31/24)(a) | | |
6.25%, 05/15/26 (Call 05/31/24)(c)(d) | | |
6.75%, 05/15/28 (Call 05/15/25)(c) | | |
8.50%, 05/15/27 (Call 05/31/24)(c)(d) | | |
Clarivate Science Holdings Corp. | | |
3.88%, 07/01/28 (Call 06/30/24)(c) | | |
4.88%, 07/01/29 (Call 06/30/24)(c) | | |
| | |
4.88%, 07/15/27 (Call 05/31/24)(c) | | |
6.38%, 02/01/31 (Call 02/01/26)(c)(d) | | |
Clear Channel Outdoor Holdings Inc. | | |
5.13%, 08/15/27 (Call 05/31/24)(c)(d) | | |
7.50%, 06/01/29 (Call 06/01/24)(c) | | |
7.75%, 04/15/28 (Call 05/31/24)(c)(d) | | |
7.88%, 04/01/30 (Call 10/01/26)(c)(d) | | |
9.00%, 09/15/28 (Call 09/15/25)(c)(d) | | |
Clearway Energy Operating LLC | | |
3.75%, 02/15/31 (Call 02/15/26)(c)(d) | | |
4.75%, 03/15/28 (Call 05/13/24)(c) | | |
| | |
5.88%, 06/01/27 (Call 05/31/24) | | |
6.75%, 04/15/30 (Call 04/15/26)(c)(d) | | |
7.00%, 03/15/32 (Call 03/15/27)(c) | | |
Cloud Software Group Inc. | | |
6.50%, 03/31/29 (Call 09/30/25)(c) | | |
9.00%, 09/30/29 (Call 09/30/25)(c) | | |
Clydesdale Acquisition Holdings Inc. | | |
6.63%, 04/15/29 (Call 04/15/25)(c)(d) | | |
8.75%, 04/15/30 (Call 04/15/25)(c) | | |
CMG Media Corp., 8.88%, 12/15/27 (Call 05/13/24)(c) | | |
| | |
6.00%, 01/15/29 (Call 05/31/24)(c)(d) | | |
7.25%, 03/01/32 (Call 03/01/27)(c)(d) | | |
7.38%, 01/15/31 (Call 01/15/26)(c) | | |
| | |
3.38%, 10/01/28 (Call 10/01/24)(c)(d) | | |
3.63%, 10/01/31 (Call 10/01/26)(c) | | |
| | |
4.75%, 09/01/29 (Call 09/01/24)(c) | | |
6.00%, 03/01/26 (Call 05/31/24)(c) | | |
7.13%, 07/01/28 (Call 05/31/24)(c) | | |
8.25%, 03/01/27 (Call 05/31/24)(c) | | |
CommScope Technologies LLC | | |
5.00%, 03/15/27 (Call 05/13/24)(c) | | |
6.00%, 06/15/25 (Call 05/13/24)(c)(d) | | |
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29 (Call 05/31/24)(c) | | |
Schedule of Investments57
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
United States (continued) |
| | |
5.88%, 01/15/30 (Call 01/15/25)(c)(d) | | |
6.75%, 03/01/29 (Call 05/16/24)(c) | | |
Consolidated Communications Inc. | | |
5.00%, 10/01/28 (Call 05/13/24)(c)(d) | | |
6.50%, 10/01/28 (Call 05/13/24)(c) | | |
| | |
3.13%, 07/15/29 (Call 07/15/24)(a) | | |
3.75%, 04/15/29 (Call 05/13/24)(c) | | |
| | |
5.00%, 04/15/26 (Call 05/31/24)(c) | | |
5.75%, 09/15/28 (Call 09/15/25)(a) | | |
6.50%, 04/15/26 (Call 05/31/24)(c)(d) | | |
Coty Inc./HFC Prestige Products Inc./HFC Prestige International U.S. LLC | | |
4.75%, 01/15/29 (Call 01/15/25)(c)(d) | | |
6.63%, 07/15/30 (Call 07/16/26)(c) | | |
| | |
4.88%, 12/01/29 (Call 12/01/24)(c) | | |
5.00%, 09/01/30 (Call 09/01/25) | | |
CQP Holdco LP/BIP-V Chinook Holdco LLC | | |
5.50%, 06/15/31 (Call 06/15/26)(c) | | |
7.50%, 12/15/33 (Call 12/15/28)(c) | | |
Credit Acceptance Corp., 9.25%, 12/15/28 (Call 12/15/25)(c)(d) | | |
Crescent Energy Finance LLC | | |
7.63%, 04/01/32 (Call 04/01/27)(c) | | |
9.25%, 02/15/28 (Call 02/15/25)(c) | | |
Crown Americas LLC, 5.25%, 04/01/30 (Call 01/01/30) | | |
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26 (Call 03/31/26)(d) | | |
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26 (Call 05/31/24) | | |
Crown European Holdings SA | | |
2.88%, 02/01/26 (Call 08/01/25)(a) | | |
4.75%, 03/15/29 (Call 12/15/28)(a) | | |
CrownRock LP/CrownRock Finance Inc. | | |
5.00%, 05/01/29 (Call 05/31/24)(c) | | |
5.63%, 10/15/25 (Call 05/31/24)(c) | | |
| | |
3.38%, 02/15/31 (Call 02/15/26)(c) | | |
4.13%, 12/01/30 (Call 12/01/25)(c) | | |
4.50%, 11/15/31 (Call 11/15/26)(c) | | |
4.63%, 12/01/30 (Call 12/01/25)(c) | | |
5.00%, 11/15/31 (Call 11/15/26)(c) | | |
5.38%, 02/01/28 (Call 05/31/24)(c) | | |
5.50%, 04/15/27 (Call 05/31/24)(c) | | |
5.75%, 01/15/30 (Call 01/15/25)(c) | | |
6.50%, 02/01/29 (Call 05/13/24)(c) | | |
7.50%, 04/01/28 (Call 05/13/24)(c) | | |
11.25%, 05/15/28 (Call 05/15/25)(c) | | |
11.75%, 01/31/29 (Call 01/31/26)(c) | | |
Cushman & Wakefield U.S. Borrower LLC | | |
6.75%, 05/15/28 (Call 05/31/24)(c) | | |
8.88%, 09/01/31 (Call 09/01/26)(c)(d) | | |
| | |
5.75%, 02/15/28 (Call 05/16/24)(c) | | |
8.50%, 01/15/29 (Call 01/15/26)(c) | | |
Dana Financing Luxembourg Sarl, 8.50%, 07/15/31 (Call 07/15/26)(a) | | |
| | |
United States (continued) |
| | |
4.25%, 09/01/30 (Call 05/01/26) | | |
5.38%, 11/15/27 (Call 05/13/24) | | |
5.63%, 06/15/28 (Call 05/13/24)(d) | | |
Darling Global Finance BV, 3.63%, 05/15/26 (Call 05/10/24)(a) | | |
| | |
5.25%, 04/15/27 (Call 05/13/24)(c)(d) | | |
6.00%, 06/15/30 (Call 06/15/25)(c)(d) | | |
| | |
3.75%, 02/15/31 (Call 02/15/26)(c) | | |
4.63%, 06/01/30 (Call 06/01/25)(c)(d) | | |
Delek Logistics Partners LP / Delek Logistics Finance Corp., 8.63%, 03/15/29 (Call 03/15/26)(c) | | |
| | |
3.75%, 10/28/29 (Call 07/28/29) | | |
4.38%, 04/19/28 (Call 01/19/28)(d) | | |
7.38%, 01/15/26 (Call 12/15/25) | | |
Directv Financing LLC, 8.88%, 02/01/30 (Call 02/01/26)(c) | | |
Directv Financing LLC/Directv Financing Co-Obligor Inc., 5.88%, 08/15/27 (Call 05/31/24)(c)(d) | | |
| | |
5.25%, 12/01/26 (Call 06/01/26)(c) | | |
5.75%, 12/01/28 (Call 12/01/27)(c) | | |
7.38%, 07/01/28 (Call 05/13/24) | | |
| | |
| | |
DISH Network Corp., 11.75%, 11/15/27 (Call 05/15/25)(c) | | |
Diversified Healthcare Trust | | |
4.38%, 03/01/31 (Call 09/01/30) | | |
4.75%, 02/15/28 (Call 08/15/27)(d) | | |
9.75%, 06/15/25 (Call 05/16/24) | | |
| | |
4.13%, 07/01/25 (Call 04/01/25) | | |
4.35%, 04/15/29 (Call 01/15/29) | | |
| | |
4.13%, 06/15/29 (Call 06/15/24)(c) | | |
4.38%, 06/15/31 (Call 06/15/26)(c)(d) | | |
Edgewell Personal Care Co. | | |
4.13%, 04/01/29 (Call 05/13/24)(c) | | |
5.50%, 06/01/28 (Call 05/31/24)(c) | | |
| | |
7.88%, 06/15/54 (Call 03/15/29), (5-year CMT + 3.658%)(b) | | |
8.13%, 06/15/53 (Call 03/15/28), (5-year CMT + 3.864%)(b) | | |
EMRLD Borrower LP/Emerald Co-Issuer Inc. | | |
6.38%, 12/15/30 (Call 06/15/26)(a) | | |
6.63%, 12/15/30 (Call 06/15/26)(c) | | |
Encino Acquisition Partners Holdings LLC, 8.75%, 05/01/31 (Call 05/01/27)(c)(d) | | |
| | |
4.50%, 02/01/28 (Call 05/31/24) | | |
4.63%, 04/01/31 (Call 04/01/26) | | |
4.75%, 02/01/30 (Call 02/01/25) | | |
Encore Capital Group Inc., 4.25%, 06/01/28 (Call 06/01/24)(a) | | |
582024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
United States (continued) |
Endeavor Energy Resources LP/EER Finance Inc., 5.75%, 01/30/28 (Call 05/03/24)(c) | | |
Endo Finance Holdings Inc., 8.50%, 04/15/31 (Call 04/15/27)(c)(d) | | |
Energizer Gamma Acquisition BV, 3.50%, 06/30/29 (Call 06/30/24)(a) | | |
| | |
4.38%, 03/31/29 (Call 05/31/24)(c)(d) | | |
4.75%, 06/15/28 (Call 05/31/24)(c) | | |
Energy Transfer LP, 8.00%, 05/15/54 (Call 02/15/29), (5-year CMT + 4.020%)(b)(d) | | |
| | |
3.63%, 05/01/29 (Call 05/31/24)(c)(d) | | |
4.38%, 04/15/28 (Call 05/13/24)(c) | | |
4.75%, 04/15/29 (Call 01/15/29)(c) | | |
5.95%, 06/15/30 (Call 06/15/25)(c)(d) | | |
EQM Midstream Partners LP | | |
4.13%, 12/01/26 (Call 09/01/26) | | |
4.50%, 01/15/29 (Call 07/15/28)(c) | | |
4.75%, 01/15/31 (Call 07/15/30)(c)(d) | | |
5.50%, 07/15/28 (Call 04/15/28) | | |
6.00%, 07/01/25 (Call 04/01/25)(c) | | |
6.38%, 04/01/29 (Call 04/01/26)(c) | | |
6.50%, 07/01/27 (Call 01/01/27)(c) | | |
7.50%, CALL, 06/01/27 (Call 06/01/24)(c) | | |
7.50%, CALL, 06/01/30 (Call 12/01/29)(c) | | |
| | |
8.63%, 05/15/32 (Call 05/15/27)(c) | | |
9.00%, 05/15/28 (Call 05/15/25)(c) | | |
| | |
4.00%, 06/15/28 (Call 05/16/24)(c) | | |
5.25%, 05/15/26 (Call 02/15/26)(c) | | |
Ferrellgas LP/Ferrellgas Finance Corp. | | |
5.38%, 04/01/26 (Call 05/31/24)(c) | | |
5.88%, 04/01/29 (Call 05/31/24)(c) | | |
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co. Inc. | | |
4.63%, 01/15/29 (Call 01/15/25)(c) | | |
6.75%, 01/15/30 (Call 01/15/25)(c)(d) | | |
| | |
4.63%, 09/01/28 (Call 05/31/24)(c) | | |
5.63%, 01/01/30 (Call 01/01/25)(c) | | |
6.88%, 03/01/32 (Call 03/01/27)(c) | | |
Fortress Transportation and Infrastructure Investors LLC | | |
7.00%, 05/01/31 (Call 05/01/27)(c) | | |
7.88%, 12/01/30 (Call 12/01/26)(c) | | |
5.50%, 05/01/28 (Call 05/31/24)(c) | | |
9.75%, 08/01/27 (Call 05/13/24)(c) | | |
| | |
6.63%, 01/15/27 (Call 05/31/24)(c) | | |
7.63%, 05/01/26 (Call 05/16/24)(c) | | |
12.00%, 10/01/28 (Call 10/01/25)(c) | | |
12.25%, 10/01/30 (Call 10/01/26)(c) | | |
Freedom Mortgage Holdings LLC, 9.25%, 02/01/29 (Call 02/01/26)(c) | | |
Frontier Communications Holdings LLC | | |
5.00%, 05/01/28 (Call 05/31/24)(c) | | |
5.88%, 10/15/27 (Call 05/31/24)(c) | | |
5.88%, 11/01/29 (Call 11/01/24)(d) | | |
6.00%, 01/15/30 (Call 10/15/24)(c) | | |
| | |
United States (continued) |
6.75%, 05/01/29 (Call 05/31/24)(c) | | |
8.63%, 03/15/31 (Call 03/15/26)(c)(d) | | |
8.75%, 05/15/30 (Call 05/15/25)(c) | | |
| | |
12.25%, 11/15/26 (Call 05/31/24)(c)(d) | | |
12.25%, 11/15/26 (Call 05/16/24)(c)(d) | | |
| | |
3.63%, 10/01/29 (Call 10/01/24)(c) | | |
3.88%, 10/01/31 (Call 10/01/26)(c)(d) | | |
| | |
6.75%, 09/30/27 (Call 09/30/24)(c) | | |
7.13%, 09/30/30 (Call 09/30/25)(c)(d) | | |
Genesis Energy LP/Genesis Energy Finance Corp. | | |
7.75%, 02/01/28 (Call 05/31/24) | | |
8.00%, 01/15/27 (Call 05/31/24) | | |
8.25%, 01/15/29 (Call 01/15/26) | | |
8.88%, 04/15/30 (Call 04/15/26) | | |
| | |
8.63%, 04/15/29 (Call 04/15/26)(c) | | |
10.25%, 04/15/31 (Call 04/15/27)(c) | | |
Global Atlantic Fin Co., 4.70%, 10/15/51 (Call 07/15/26), (5-year CMT + 3.796%)(b)(c) | | |
Global Partners LP/GLP Finance Corp., 8.25%, 01/15/32 (Call 01/15/27)(c) | | |
Go Daddy Operating Co. LLC/GD Finance Co. Inc. | | |
3.50%, 03/01/29 (Call 05/31/24)(c)(d) | | |
5.25%, 12/01/27 (Call 05/31/24)(c) | | |
Goodyear Tire & Rubber Co. (The) | | |
4.88%, 03/15/27 (Call 12/15/26)(d) | | |
5.00%, 05/31/26 (Call 05/31/24)(d) | | |
5.00%, 07/15/29 (Call 04/15/29)(d) | | |
5.25%, 04/30/31 (Call 01/30/31)(d) | | |
5.25%, 07/15/31 (Call 04/15/31)(d) | | |
5.63%, 04/30/33 (Call 01/30/33)(d) | | |
9.50%, 05/31/25 (Call 05/16/24) | | |
Graphic Packaging International LLC | | |
| | |
3.75%, 02/01/30 (Call 08/01/29)(c) | | |
| | |
4.75%, 10/15/30 (Call 10/15/25)(c)(d) | | |
5.38%, 11/15/31 (Call 11/15/26)(c)(d) | | |
5.88%, 07/15/26 (Call 05/31/24)(c)(d) | | |
7.00%, 05/15/27 (Call 05/13/24)(c) | | |
GTCR AP Finance Inc., 8.00%, 05/15/27 (Call 05/31/24)(c) | | |
H&E Equipment Services Inc., 3.88%, 12/15/28 (Call 05/31/24)(c) | | |
| | |
4.88%, 05/15/26 (Call 02/15/26)(c) | | |
9.00%, 02/15/31 (Call 02/15/26)(c)(d) | | |
Harvest Midstream I LP, 7.50%, 05/15/32 (Call 05/15/27)(c) | | |
HAT Holdings I LLC/HAT Holdings II LLC | | |
3.38%, 06/15/26 (Call 03/15/26)(c) | | |
8.00%, 06/15/27 (Call 03/15/27)(c) | | |
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26 (Call 05/13/24)(c)(d) | | |
Heartland Dental LLC/Heartland Dental Finance Corp., 10.50%, 04/30/28 (Call 05/15/25)(c) | | |
Schedule of Investments59
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
United States (continued) |
Herbalife Nutrition Ltd./HLF Financing Inc., 7.88%, 09/01/25 (Call 05/31/24)(c) | | |
Herc Holdings Inc., 5.50%, 07/15/27 (Call 05/31/24)(c) | | |
| | |
4.63%, 12/01/26 (Call 05/31/24)(c) | | |
5.00%, 12/01/29 (Call 12/01/24)(c)(d) | | |
Hess Midstream Operations LP | | |
4.25%, 02/15/30 (Call 02/15/25)(c) | | |
5.13%, 06/15/28 (Call 05/31/24)(c) | | |
5.50%, 10/15/30 (Call 10/15/25)(c) | | |
5.63%, 02/15/26 (Call 05/31/24)(c) | | |
Hilcorp Energy I LP/Hilcorp Finance Co. | | |
5.75%, 02/01/29 (Call 05/31/24)(c) | | |
6.00%, 04/15/30 (Call 04/15/25)(c) | | |
6.00%, 02/01/31 (Call 02/01/26)(c) | | |
6.25%, 11/01/28 (Call 05/31/24)(c)(d) | | |
6.25%, 04/15/32 (Call 05/15/27)(c) | | |
8.38%, 11/01/33 (Call 11/01/28)(c) | | |
Hillenbrand Inc., 6.25%, 02/15/29 (Call 02/15/26)(d) | | |
Hilton Domestic Operating Co. Inc. | | |
3.63%, 02/15/32 (Call 08/15/26)(c) | | |
3.75%, 05/01/29 (Call 05/31/24)(c) | | |
4.00%, 05/01/31 (Call 05/01/26)(c) | | |
4.88%, 01/15/30 (Call 01/15/25)(d) | | |
5.38%, 05/01/25 (Call 05/13/24)(c) | | |
5.75%, 05/01/28 (Call 05/31/24)(c) | | |
5.88%, 04/01/29 (Call 04/01/26)(c) | | |
6.13%, 04/01/32 (Call 04/01/27)(c)(d) | | |
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc | | |
4.88%, 07/01/31 (Call 07/01/26)(c) | | |
5.00%, 06/01/29 (Call 06/01/24)(c) | | |
6.63%, 01/15/32 (Call 01/15/27)(c) | | |
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27 (Call 05/16/24) | | |
HLF Financing Sarl LLC / Herbalife International Inc., 12.25%, 04/15/29 (Call 04/15/26)(c) | | |
HLF Financing Sarl LLC/Herbalife International Inc., 4.88%, 06/01/29 (Call 06/01/24)(c) | | |
| | |
3.25%, 02/15/29 (Call 05/31/24)(c) | | |
4.63%, 02/01/28 (Call 05/31/24)(c) | | |
Howard Hughes Corp. (The) | | |
4.13%, 02/01/29 (Call 05/16/24)(c) | | |
4.38%, 02/01/31 (Call 02/01/26)(c)(d) | | |
5.38%, 08/01/28 (Call 05/31/24)(c) | | |
Hub International Ltd., 5.63%, 12/01/29 (Call 12/01/24)(c) | | |
| | |
7.25%, 06/15/30 (Call 06/15/26)(c) | | |
7.38%, 01/31/32 (Call 01/31/27)(c) | | |
Hudson Pacific Properties LP | | |
3.25%, 01/15/30 (Call 10/15/29)(d) | | |
3.95%, 11/01/27 (Call 08/01/27)(d) | | |
4.65%, 04/01/29 (Call 01/01/29) | | |
| | |
United States (continued) |
Hughes Satellite Systems Corp. | | |
| | |
| | |
Icahn Enterprises LP/Icahn Enterprises Finance Corp. | | |
4.38%, 02/01/29 (Call 08/01/28) | | |
5.25%, 05/15/27 (Call 11/15/26) | | |
6.25%, 05/15/26 (Call 05/31/24) | | |
6.38%, 12/15/25 (Call 05/31/24) | | |
9.75%, 01/15/29 (Call 10/15/28)(c) | | |
iHeartCommunications Inc. | | |
4.75%, 01/15/28 (Call 05/31/24)(c)(d) | | |
5.25%, 08/15/27 (Call 05/16/24)(c)(d) | | |
6.38%, 05/01/26 (Call 05/16/24) | | |
8.38%, 05/01/27 (Call 05/16/24)(d) | | |
Imola Merger Corp., 4.75%, 05/15/29 (Call 05/31/24)(c) | | |
International Game Technology PLC | | |
2.38%, 04/15/28 (Call 05/30/24)(a) | | |
4.13%, 04/15/26 (Call 05/31/24)(c) | | |
5.25%, 01/15/29 (Call 05/31/24)(c) | | |
6.25%, 01/15/27 (Call 07/15/26)(c) | | |
| | |
2.88%, 09/15/25 (Call 05/10/24)(a) | | |
2.88%, 06/15/28 (Call 05/10/24)(a) | | |
5.00%, 10/15/26 (Call 05/31/24)(c) | | |
5.00%, 05/15/27 (Call 05/31/24)(c) | | |
6.50%, 05/15/30 (Call 05/15/26)(c) | | |
| | |
4.50%, 02/15/31 (Call 02/15/26)(c) | | |
4.88%, 09/15/27 (Call 05/13/24)(c) | | |
4.88%, 09/15/29 (Call 09/15/24)(c) | | |
5.00%, 07/15/28 (Call 05/13/24)(c) | | |
5.25%, 03/15/28 (Call 05/13/24)(c) | | |
5.25%, 07/15/30 (Call 07/15/25)(c)(d) | | |
5.63%, 07/15/32 (Call 07/15/26)(c) | | |
7.00%, 02/15/29 (Call 08/15/25)(c) | | |
Iron Mountain Information Management Services Inc., 5.00%, 07/15/32 (Call 07/15/27)(c) | | |
ITT Holdings LLC, 6.50%, 08/01/29 (Call 08/01/24)(c) | | |
Jane Street Group / JSG Finance Inc., 7.13%, 04/30/31 (Call 04/30/27)(c) | | |
Jazz Securities DAC, 4.38%, 01/15/29 (Call 07/15/24)(c) | | |
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/28 (Call 08/15/24)(c) | | |
| | |
4.50%, 06/01/31 (Call 06/01/26)(c)(d) | | |
4.63%, 03/01/28 (Call 05/31/24)(c) | | |
| | |
4.75%, 03/01/29 (Call 05/31/24) | | |
4.75%, 02/01/30 (Call 09/01/24) | | |
5.00%, 03/01/31 (Call 03/01/26) | | |
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 4.75%, 06/01/27 (Call 05/31/24)(c) | | |
| | |
5.88%, 06/15/30 (Call 06/15/25)(c) | | |
6.63%, 12/15/28 (Call 12/15/25)(c) | | |
602024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
United States (continued) |
Kohl's Corp., 4.63%, 05/01/31 (Call 02/01/31) | | |
| | |
5.88%, 11/01/28 (Call 11/01/24)(c)(d) | | |
6.75%, 07/15/26 (Call 05/13/24)(c) | | |
8.25%, 11/01/29 (Call 11/01/24)(c) | | |
10.50%, 07/15/27 (Call 05/13/24)(c) | | |
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp. | | |
4.25%, 02/01/27 (Call 05/31/24)(c) | | |
4.75%, 06/15/29 (Call 06/15/24)(c) | | |
| | |
3.63%, 01/15/31 (Call 01/15/26) | | |
3.75%, 02/15/28 (Call 05/16/24) | | |
4.00%, 02/15/30 (Call 02/15/25) | | |
4.88%, 01/15/29 (Call 05/31/24)(d) | | |
Lamb Weston Holdings Inc. | | |
4.13%, 01/31/30 (Call 01/31/25)(c)(d) | | |
4.38%, 01/31/32 (Call 01/31/27)(c) | | |
4.88%, 05/15/28 (Call 11/15/27)(c) | | |
LBM Acquisition LLC, 6.25%, 01/15/29 (Call 05/31/24)(c) | | |
LCM Investments Holdings II LLC | | |
4.88%, 05/01/29 (Call 05/31/24)(c) | | |
8.25%, 08/01/31 (Call 08/01/26)(c)(d) | | |
LCPR Senior Secured Financing DAC | | |
5.13%, 07/15/29 (Call 07/15/24)(c) | | |
6.75%, 10/15/27 (Call 05/31/24)(c) | | |
| | |
6.13%, 04/01/28 (Call 05/13/24)(c) | | |
6.50%, 11/01/25 (Call 05/31/24)(c) | | |
Legacy LifePoint Health LLC, 4.38%, 02/15/27 (Call 05/31/24)(c) | | |
| | |
3.88%, 10/15/30 (Call 03/22/25)(c) | | |
4.00%, 04/15/31 (Call 03/22/25)(c) | | |
4.50%, 04/01/30 (Call 03/22/26)(c) | | |
4.88%, 06/15/29 (Call 03/22/26)(c) | | |
10.50%, 04/15/29 (Call 03/22/27)(c) | | |
10.50%, 05/15/30 (Call 05/15/26)(c) | | |
10.75%, 12/15/30 (Call 03/22/27)(c)(d) | | |
11.00%, 11/15/29 (Call 03/22/27)(c) | | |
Levi Strauss & Co., 3.38%, 03/15/27 (Call 05/10/24) | | |
Liberty Mutual Group Inc. | | |
4.13%, 12/15/51 (Call 09/15/26), (5-year CMT + 3.315%)(b)(c) | | |
4.30%, 02/01/61 (Call 02/01/26)(c)(d) | | |
| | |
5.75%, 01/15/26 (Call 05/31/24)(c) | | |
8.00%, 04/15/26 (Call 05/31/24)(c) | | |
Lifepoint Health Inc., 5.38%, 01/15/29 (Call 05/31/24)(c) | | |
| | |
9.88%, 08/15/30 (Call 08/15/26)(c) | | |
11.00%, 10/15/30 (Call 10/15/26)(c) | | |
Light & Wonder International Inc. | | |
7.00%, 05/15/28 (Call 05/16/24)(c) | | |
7.25%, 11/15/29 (Call 11/15/24)(c) | | |
7.50%, 09/01/31 (Call 09/01/26)(c) | | |
| | |
3.88%, 06/01/29 (Call 06/01/24)(c)(d) | | |
| | |
United States (continued) |
4.38%, 01/15/31 (Call 10/15/25)(c) | | |
4.63%, 12/15/27 (Call 05/31/24)(c) | | |
Live Nation Entertainment Inc. | | |
3.75%, 01/15/28 (Call 05/31/24)(c) | | |
4.75%, 10/15/27 (Call 05/31/24)(c)(d) | | |
6.50%, 05/15/27 (Call 05/31/24)(c) | | |
| | |
4.13%, 04/15/29 (Call 05/31/24)(c) | | |
4.13%, 04/15/30 (Call 05/31/24)(c) | | |
4.50%, 01/15/29 (Call 05/13/24)(c) | | |
Macy's Retail Holdings LLC | | |
5.88%, 04/01/29 (Call 05/31/24)(c) | | |
5.88%, 03/15/30 (Call 03/15/25)(c) | | |
6.13%, 03/15/32 (Call 03/15/27)(c)(d) | | |
| | |
4.13%, 06/30/28 (Call 06/30/24)(c) | | |
5.88%, 06/30/29 (Call 06/30/24)(c) | | |
| | |
6.50%, 04/15/32 (Call 04/15/27)(c) | | |
6.88%, 04/15/28 (Call 04/15/25)(c) | | |
Match Group Holdings II LLC | | |
3.63%, 10/01/31 (Call 10/01/26)(c) | | |
4.13%, 08/01/30 (Call 05/01/25)(c)(d) | | |
4.63%, 06/01/28 (Call 05/31/24)(c) | | |
5.00%, 12/15/27 (Call 05/31/24)(c) | | |
Mauser Packaging Solutions Holding Co. | | |
7.88%, 04/15/27 (Call 02/15/25)(c) | | |
9.25%, 04/15/27 (Call 10/15/24)(c)(d) | | |
McAfee Corp., 7.38%, 02/15/30 (Call 02/15/25)(c)(d) | | |
McGraw-Hill Education Inc. | | |
5.75%, 08/01/28 (Call 08/01/24)(c) | | |
8.00%, 08/01/29 (Call 08/01/24)(c)(d) | | |
| | |
3.88%, 04/01/29 (Call 10/01/24)(c) | | |
5.25%, 10/01/29 (Call 10/01/24)(c) | | |
Medline Borrower LP/Medline Co-Issuer Inc., 6.25%, 04/01/29 (Call 04/01/26)(c) | | |
MGM Resorts International | | |
4.63%, 09/01/26 (Call 06/01/26) | | |
4.75%, 10/15/28 (Call 07/15/28)(d) | | |
5.50%, 04/15/27 (Call 01/15/27) | | |
5.75%, 06/15/25 (Call 03/15/25) | | |
6.50%, 04/15/32 (Call 04/15/27) | | |
6.75%, 05/01/25 (Call 05/01/24) | | |
Michaels Companies Inc. (The) | | |
5.25%, 05/01/28 (Call 05/13/24)(c) | | |
7.88%, 05/01/29 (Call 05/13/24)(c) | | |
Midcap Financial Issuer Trust | | |
5.63%, 01/15/30 (Call 01/15/25)(c) | | |
6.50%, 05/01/28 (Call 05/16/24)(c) | | |
Miter Brands Acquisition Holdco Inc./MIWD Borrower LLC, 6.75%, 04/01/32 (Call 04/01/27)(c) | | |
MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, 02/01/30 (Call 02/01/25)(c) | | |
ModivCare Escrow Issuer Inc., 5.00%, 10/01/29 (Call 10/01/24)(c)(d) | | |
ModivCare Inc., 5.88%, 11/15/25 (Call 05/31/24)(c)(d) | | |
Schedule of Investments61
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
United States (continued) |
Mohegan Tribal Gaming Authority, 8.00%, 02/01/26 (Call 05/31/24)(c) | | |
| | |
3.88%, 11/15/30 (Call 08/17/30)(c) | | |
3.88%, 05/15/32 (Call 02/15/32)(c) | | |
4.38%, 06/15/28 (Call 05/31/24)(c) | | |
Moss Creek Resources Holdings Inc. | | |
7.50%, 01/15/26 (Call 05/31/24)(c) | | |
10.50%, 05/15/27 (Call 05/31/24)(c) | | |
MPH Acquisition Holdings LLC | | |
5.50%, 09/01/28 (Call 09/01/24)(c) | | |
5.75%, 11/01/28 (Call 05/31/24)(c)(d) | | |
MPT Operating Partnership LP/MPT Finance Corp. | | |
3.38%, 04/24/30 (Call 01/24/30) | | |
3.50%, 03/15/31 (Call 03/15/26)(d) | | |
4.63%, 08/01/29 (Call 08/01/24)(d) | | |
5.00%, 10/15/27 (Call 05/31/24)(d) | | |
5.25%, 08/01/26 (Call 05/31/24) | | |
| | |
5.88%, 12/01/27 (Call 05/16/24) | | |
6.38%, 07/15/28 (Call 07/15/24) | | |
| | |
3.75%, 02/15/31 (Call 02/15/26)(c) | | |
4.75%, 09/15/29 (Call 09/15/24)(d) | | |
| | |
7.38%, 05/15/27 (Call 05/31/24)(c) | | |
9.13%, 01/31/30 (Call 05/31/26)(c) | | |
Nabors Industries Ltd., 7.25%, 01/15/26 (Call 05/31/24)(c) | | |
Nationstar Mortgage Holdings Inc. | | |
5.13%, 12/15/30 (Call 12/15/25)(c) | | |
5.50%, 08/15/28 (Call 05/31/24)(c) | | |
5.75%, 11/15/31 (Call 11/15/26)(c)(d) | | |
6.00%, 01/15/27 (Call 05/31/24)(c) | | |
7.13%, 02/01/32 (Call 02/01/27)(c) | | |
| | |
4.88%, 03/15/28 (Call 06/15/27) | | |
5.00%, 03/15/27 (Call 09/15/26)(d) | | |
5.50%, 03/15/29 (Call 06/15/28) | | |
| | |
| | |
9.38%, 07/25/30 (Call 10/25/29) | | |
11.50%, 03/15/31 (Call 03/15/27) | | |
| | |
5.88%, 03/15/26 (Call 12/15/25)(c) | | |
5.88%, 02/15/27 (Call 05/13/24)(c) | | |
7.75%, 02/15/29 (Call 11/15/28)(c)(d) | | |
8.13%, 01/15/29 (Call 01/15/26)(c) | | |
8.38%, 02/01/28 (Call 02/01/25)(c) | | |
NCL Finance Ltd., 6.13%, 03/15/28 (Call 12/15/27)(c)(d) | | |
NCR Atleos Corp., 9.50%, 04/01/29 (Call 10/01/26)(c) | | |
| | |
5.00%, 10/01/28 (Call 05/31/24)(c) | | |
5.13%, 04/15/29 (Call 05/31/24)(c) | | |
5.25%, 10/01/30 (Call 10/01/25)(c) | | |
Neptune Bidco U.S. Inc., 9.29%, 04/15/29 (Call 10/15/25)(c) | | |
| | |
6.50%, 09/30/26 (Call 05/31/24)(c)(d) | | |
| | |
United States (continued) |
6.75%, 09/15/25 (Call 05/21/24)(c)(d) | | |
8.75%, 03/15/29 (Call 03/15/26)(c)(d) | | |
| | |
4.88%, 06/01/25 (Call 05/01/25) | | |
5.70%, 04/01/26 (Call 01/01/26) | | |
6.38%, 09/15/27 (Call 06/15/27)(d) | | |
6.63%, 09/15/29 (Call 06/15/29)(d) | | |
Newfold Digital Holdings Group Inc. | | |
6.00%, 02/15/29 (Call 05/31/24)(c) | | |
11.75%, 10/15/28 (Call 10/15/25)(c) | | |
| | |
3.88%, 05/15/29 (Call 05/15/24)(c)(d) | | |
5.13%, 02/15/32 (Call 02/15/27)(c) | | |
| | |
4.75%, 11/01/28 (Call 05/13/24)(c)(d) | | |
5.63%, 07/15/27 (Call 05/13/24)(c) | | |
NextEra Energy Operating Partners LP | | |
3.88%, 10/15/26 (Call 07/15/26)(c)(d) | | |
4.50%, 09/15/27 (Call 06/15/27)(c)(d) | | |
7.25%, 01/15/29 (Call 10/15/28)(c)(d) | | |
NGL Energy Operating LLC/NGL Energy Finance Corp. | | |
8.13%, 02/15/29 (Call 02/15/26)(c) | | |
8.38%, 02/15/32 (Call 02/15/27)(c) | | |
NMG Holding Co. Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26 (Call 05/31/24)(c) | | |
| | |
4.25%, 08/01/31 (Call 05/01/31) | | |
4.38%, 04/01/30 (Call 01/01/30)(d) | | |
| | |
8.13%, 03/01/28 (Call 05/31/24)(c) | | |
8.75%, 06/15/31 (Call 06/15/26)(c) | | |
| | |
3.25%, 11/15/26 (Call 05/31/24)(c) | | |
3.88%, 08/15/31 (Call 08/15/26)(c) | | |
4.75%, 01/30/30 (Call 01/30/25)(c) | | |
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29 (Call 05/10/24)(a) | | |
| | |
3.38%, 02/15/29 (Call 05/13/24)(c) | | |
3.63%, 02/15/31 (Call 02/15/26)(c) | | |
3.88%, 02/15/32 (Call 02/15/27)(c) | | |
5.25%, 06/15/29 (Call 06/15/24)(c)(d) | | |
5.75%, 01/15/28 (Call 05/16/24) | | |
| | |
5.63%, 04/28/27 (Call 01/28/27) | | |
5.75%, 10/01/25 (Call 07/01/25) | | |
6.00%, 06/01/26 (Call 03/01/26) | | |
6.38%, 10/01/30 (Call 04/01/30) | | |
Office Properties Income Trust, 3.45%, 10/15/31 (Call 07/15/31) | | |
| | |
4.75%, 02/15/30 (Call 11/15/24)(c)(d) | | |
6.25%, 05/15/28 (Call 05/15/25)(a) | | |
| | |
5.00%, 02/01/30 (Call 05/31/24)(d) | | |
5.13%, 09/15/27 (Call 05/31/24) | | |
5.63%, 08/01/29 (Call 08/01/24) | | |
Olympus Water U.S. Holding Corp. | | |
3.88%, 10/01/28 (Call 10/01/24)(a) | | |
4.25%, 10/01/28 (Call 10/01/24)(c) | | |
622024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
United States (continued) |
9.75%, 11/15/28 (Call 06/01/25)(c) | | |
| | |
3.50%, 01/15/27 (Call 05/31/24) | | |
3.88%, 09/15/28 (Call 09/15/24) | | |
4.00%, 09/15/30 (Call 09/15/25) | | |
5.38%, 11/15/29 (Call 05/15/29) | | |
6.63%, 01/15/28 (Call 07/15/27) | | |
| | |
7.88%, 03/15/30 (Call 12/15/26) | | |
9.00%, 01/15/29 (Call 07/15/25) | | |
Organon & Co./Organon Foreign Debt Co.-Issuer BV | | |
4.13%, 04/30/28 (Call 05/31/24)(c) | | |
5.13%, 04/30/31 (Call 04/30/26)(c) | | |
2.88%, 04/30/28 (Call 05/10/24)(a) | | |
Outfront Media Capital LLC/Outfront Media Capital Corp. | | |
4.25%, 01/15/29 (Call 05/31/24)(c) | | |
4.63%, 03/15/30 (Call 03/15/25)(c) | | |
5.00%, 08/15/27 (Call 05/13/24)(c)(d) | | |
7.38%, 02/15/31 (Call 11/15/26)(c) | | |
| | |
4.50%, 03/31/29 (Call 05/31/24)(c) | | |
6.63%, 04/01/30 (Call 04/01/25)(c)(d) | | |
Owens-Brockway Glass Container Inc. | | |
6.63%, 05/13/27 (Call 05/31/24)(c) | | |
7.25%, 05/15/31 (Call 05/15/26)(c) | | |
Pactiv Evergreen Group Issuer Inc./Pactiv Evergreen Group Issuer LLC, 4.00%, 10/15/27 (Call 05/31/24)(c) | | |
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer Inc., 4.38%, 10/15/28 (Call 10/15/24)(c)(d) | | |
Panther Escrow Issuer LLC, 7.13%, 06/01/31 (Call 06/01/27)(c) | | |
| | |
6.25%, 02/28/57 (Call 02/28/27), (3-mo. LIBOR US + 3.899%)(b)(d) | | |
6.38%, 03/30/62 (Call 03/30/27), (5-year CMT + 3.999%)(b)(d) | | |
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer | | |
4.88%, 05/15/29 (Call 05/31/24)(c) | | |
5.88%, 10/01/28 (Call 05/31/24)(c) | | |
7.50%, 06/01/25 (Call 05/31/24)(c) | | |
PBF Holding Co. LLC/PBF Finance Corp. | | |
6.00%, 02/15/28 (Call 05/31/24)(d) | | |
7.88%, 09/15/30 (Call 09/15/26)(c) | | |
PennyMac Financial Services Inc. | | |
4.25%, 02/15/29 (Call 05/31/24)(c) | | |
5.38%, 10/15/25 (Call 05/31/24)(c) | | |
5.75%, 09/15/31 (Call 09/15/26)(c)(d) | | |
7.88%, 12/15/29 (Call 12/15/26)(c)(d) | | |
Penske Automotive Group Inc. | | |
3.50%, 09/01/25 (Call 05/13/24) | | |
3.75%, 06/15/29 (Call 06/15/24) | | |
Performance Food Group Inc. | | |
4.25%, 08/01/29 (Call 08/01/24)(c) | | |
5.50%, 10/15/27 (Call 05/31/24)(c) | | |
Permian Resources Operating LLC | | |
5.88%, 07/01/29 (Call 07/01/24)(c) | | |
| | |
United States (continued) |
7.00%, 01/15/32 (Call 01/15/27)(c)(d) | | |
8.00%, 04/15/27 (Call 05/31/24)(c) | | |
9.88%, 07/15/31 (Call 07/15/26)(c) | | |
Perrigo Finance Unlimited Co. | | |
4.38%, 03/15/26 (Call 12/15/25) | | |
4.65%, 06/15/30 (Call 03/15/30) | | |
PetSmart Inc./PetSmart Finance Corp. | | |
4.75%, 02/15/28 (Call 05/31/24)(c) | | |
7.75%, 02/15/29 (Call 05/31/24)(c) | | |
| | |
5.00%, 07/01/28 (Call 05/13/24)(d) | | |
5.25%, 07/01/30 (Call 07/01/25) | | |
Pike Corp., 8.63%, 01/31/31 (Call 01/31/27)(c) | | |
| | |
3.50%, 03/01/32 (Call 09/01/26) | | |
4.25%, 04/15/31 (Call 04/15/26) | | |
6.25%, 07/01/33 (Call 04/01/33) | | |
6.88%, 05/15/34 (Call 02/15/34) | | |
| | |
4.50%, 09/15/31 (Call 09/15/26)(c) | | |
4.63%, 04/15/30 (Call 04/15/25)(c) | | |
5.50%, 12/15/29 (Call 12/15/24)(c) | | |
5.63%, 01/15/28 (Call 05/16/24)(c) | | |
6.25%, 02/15/32 (Call 02/15/27)(c)(d) | | |
PRA Group Inc., 8.38%, 02/01/28 (Call 02/01/25)(c) | | |
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp. | | |
5.63%, 09/01/29 (Call 09/01/24)(c) | | |
5.88%, 09/01/31 (Call 09/01/26)(c) | | |
| | |
4.88%, 02/01/27 (Call 05/31/24)(c) | | |
8.25%, 02/01/28 (Call 05/31/24)(c) | | |
| | |
3.75%, 04/01/31 (Call 04/01/26)(c) | | |
5.13%, 01/15/28 (Call 05/31/24)(c) | | |
Prime Security Services Borrower LLC/Prime Finance Inc. | | |
3.38%, 08/31/27 (Call 08/31/26)(c) | | |
| | |
6.25%, 01/15/28 (Call 05/31/24)(c)(d) | | |
PTC Inc., 4.00%, 02/15/28 (Call 05/31/24)(c)(d) | | |
| | |
4.38%, 09/01/28 (Call 06/01/28)(d) | | |
4.75%, 02/15/27 (Call 11/15/26)(d) | | |
Radiate Holdco LLC/Radiate Finance Inc. | | |
4.50%, 09/15/26 (Call 05/31/24)(c) | | |
6.50%, 09/15/28 (Call 05/31/24)(c) | | |
| | |
8.50%, 01/31/29 (Call 05/31/24), (5.00% Cash and 3.50% PIK)(c)(d)(h) | | |
9.78%, 02/15/30 (Call 05/31/24), (9.87% PIK)(c)(d)(h) | | |
| | |
4.75%, 02/15/30 (Call 02/15/25)(c)(d) | | |
4.88%, 05/15/25 (Call 02/15/25) | | |
8.25%, 01/15/29 (Call 05/16/24) | | |
Realogy Group LLC/Realogy Co-Issuer Corp. | | |
5.25%, 04/15/30 (Call 04/15/25)(c)(d) | | |
5.75%, 01/15/29 (Call 05/16/24)(c) | | |
Schedule of Investments63
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
United States (continued) |
RegionalCare Hospital Partners Holdings Inc./LifePoint Health Inc., 9.75%, 12/01/26 (Call 05/31/24)(c) | | |
Resorts World Las Vegas LLC/RWLV Capital Inc. | | |
4.63%, 04/16/29 (Call 01/16/29)(c) | | |
8.45%, 07/27/30 (Call 05/27/30)(c) | | |
RHP Hotel Properties LP / RHP Finance Corp., 6.50%, 04/01/32 (Call 04/01/27)(c) | | |
RHP Hotel Properties LP/RHP Finance Corp. | | |
4.50%, 02/15/29 (Call 05/31/24)(c)(d) | | |
4.75%, 10/15/27 (Call 05/31/24) | | |
7.25%, 07/15/28 (Call 07/15/25)(c) | | |
Rithm Capital Corp., 8.00%, 04/01/29 (Call 04/01/26)(c) | | |
| | |
3.75%, 07/01/26 (Call 05/31/24)(c) | | |
4.00%, 09/15/29 (Call 09/15/24)(c) | | |
ROBLOX Corp., 3.88%, 05/01/30 (Call 11/01/24)(c)(d) | | |
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc. | | |
2.88%, 10/15/26 (Call 05/31/24)(c) | | |
3.63%, 03/01/29 (Call 05/31/24)(c) | | |
3.88%, 03/01/31 (Call 03/01/26)(c)(d) | | |
4.00%, 10/15/33 (Call 10/15/27)(c) | | |
Rocket Software Inc., 9.00%, 11/28/28 (Call 05/01/25)(c) | | |
Rockies Express Pipeline LLC | | |
3.60%, 05/15/25 (Call 04/15/25)(c) | | |
4.95%, 07/15/29 (Call 04/15/29)(c) | | |
| | |
8.63%, 06/01/27 (Call 03/01/25)(c) | | |
11.25%, 12/15/27 (Call 06/15/25)(c) | | |
| | |
3.13%, 02/01/29 (Call 05/31/24) | | |
3.88%, 02/15/27 (Call 05/13/24)(d) | | |
| | |
4.88%, 05/01/28 (Call 05/31/24)(c) | | |
6.63%, 05/01/29 (Call 05/31/24)(c)(d) | | |
SCIL IV LLC/SCIL USA Holdings LLC, 9.50%, 07/15/28 (Call 07/15/25)(a) | | |
Scotts Miracle-Gro Co. (The) | | |
4.00%, 04/01/31 (Call 04/01/26)(d) | | |
4.38%, 02/01/32 (Call 08/01/26) | | |
4.50%, 10/15/29 (Call 10/15/24) | | |
Scripps Escrow II Inc., 3.88%, 01/15/29 (Call 05/31/24)(c) | | |
Scripps Escrow Inc., 5.88%, 07/15/27 (Call 05/31/24)(c)(d) | | |
| | |
4.09%, 06/01/29 (Call 03/01/29) | | |
4.88%, 06/01/27 (Call 03/01/27) | | |
8.25%, 12/15/29 (Call 07/15/26)(c)(d) | | |
8.50%, 07/15/31 (Call 07/15/26)(c)(d) | | |
9.63%, 12/01/32 (Call 12/01/27)(d) | | |
| | |
4.00%, 12/01/27 (Call 09/01/27)(c) | | |
5.00%, 04/15/29 (Call 04/15/25)(c) | | |
5.50%, 09/15/25 (Call 06/15/25)(c) | | |
Sealed Air Corp./Sealed Air Corp. U.S. | | |
6.13%, 02/01/28 (Call 02/01/25)(c)(d) | | |
| | |
United States (continued) |
7.25%, 02/15/31 (Call 11/15/26)(c) | | |
Select Medical Corp., 6.25%, 08/15/26 (Call 05/31/24)(c) | | |
| | |
4.00%, 04/15/29 (Call 05/31/24)(c) | | |
| | |
5.88%, 09/01/30 (Call 09/01/25)(c) | | |
Sensata Technologies Inc. | | |
3.75%, 02/15/31 (Call 02/15/26)(c) | | |
4.38%, 02/15/30 (Call 11/15/29)(c) | | |
Service Corp. International/U.S. | | |
3.38%, 08/15/30 (Call 08/15/25) | | |
4.00%, 05/15/31 (Call 05/15/26) | | |
4.63%, 12/15/27 (Call 05/31/24) | | |
5.13%, 06/01/29 (Call 06/01/24) | | |
| | |
3.95%, 01/15/28 (Call 07/15/27) | | |
4.38%, 02/15/30 (Call 08/15/29) | | |
4.75%, 10/01/26 (Call 08/01/26) | | |
4.95%, 02/15/27 (Call 08/15/26) | | |
4.95%, 10/01/29 (Call 07/01/29) | | |
5.50%, 12/15/27 (Call 09/15/27) | | |
7.50%, 09/15/25 (Call 06/15/25) | | |
8.63%, 11/15/31 (Call 11/15/26)(c) | | |
Silgan Holdings Inc., 4.13%, 02/01/28 (Call 05/16/24) | | |
Sinclair Television Group Inc. | | |
4.13%, 12/01/30 (Call 12/01/25)(c) | | |
5.50%, 03/01/30 (Call 12/01/24)(c) | | |
| | |
3.13%, 09/01/26 (Call 05/31/24)(c) | | |
3.88%, 09/01/31 (Call 09/01/26)(c)(d) | | |
4.00%, 07/15/28 (Call 07/15/24)(c) | | |
4.13%, 07/01/30 (Call 07/01/25)(c) | | |
5.00%, 08/01/27 (Call 05/31/24)(c) | | |
5.50%, 07/01/29 (Call 07/01/24)(c) | | |
Six Flags Entertainment Corp. | | |
5.50%, 04/15/27 (Call 05/31/24)(c)(d) | | |
7.25%, 05/15/31 (Call 05/15/26)(c) | | |
Six Flags Entertainment Corp./Six Flags Theme Parks Inc., 6.63%, 05/01/32 (Call 05/01/27)(c) | | |
| | |
3.13%, 11/02/26 (Call 10/02/26)(d) | | |
4.20%, 10/29/25 (Call 09/29/25) | | |
| | |
6.50%, 07/15/28 (Call 07/15/24) | | |
6.63%, 01/15/27 (Call 05/31/24)(d) | | |
Smyrna Ready Mix Concrete LLC | | |
6.00%, 11/01/28 (Call 05/31/24)(c) | | |
8.88%, 11/15/31 (Call 11/15/26)(c) | | |
| | |
4.63%, 11/15/29 (Call 11/15/24)(c)(d) | | |
4.88%, 11/15/31 (Call 11/15/26)(c)(d) | | |
Sotheby's, 7.38%, 10/15/27 (Call 05/13/24)(c) | | |
| | |
4.75%, 02/01/32 (Call 02/01/27)(d) | | |
5.38%, 02/01/29 (Call 05/16/24) | | |
5.38%, 03/15/30 (Call 03/15/25) | | |
Spectrum Brands Inc., 3.88%, 03/15/31 (Call 03/15/26)(c)(d) | | |
642024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
United States (continued) |
| | |
4.60%, 06/15/28 (Call 03/15/28)(d) | | |
9.38%, 11/30/29 (Call 11/30/25)(c) | | |
9.75%, 11/15/30 (Call 11/15/26)(c) | | |
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd. | | |
8.00%, 09/20/25 (Call 05/13/24)(c) | | |
8.00%, 09/20/25 (Call 05/13/24)(c)(d) | | |
| | |
4.63%, 07/01/28 (Call 07/01/24)(c) | | |
6.00%, 12/01/29 (Call 12/01/24)(c) | | |
6.13%, 07/01/29 (Call 07/01/24)(c) | | |
SS&C Technologies Inc., 5.50%, 09/30/27 (Call 05/31/24)(c)(d) | | |
Stagwell Global LLC, 5.63%, 08/15/29 (Call 08/15/24)(c) | | |
Standard Industries Inc./NJ | | |
2.25%, 11/21/26 (Call 08/21/26)(a) | | |
3.38%, 01/15/31 (Call 07/15/25)(c)(d) | | |
4.38%, 07/15/30 (Call 07/15/25)(c) | | |
4.75%, 01/15/28 (Call 05/31/24)(c) | | |
5.00%, 02/15/27 (Call 05/31/24)(c) | | |
| | |
7.50%, 04/15/26 (Call 05/31/24)(c) | | |
10.75%, 04/15/27 (Call 05/31/24)(c) | | |
Star Parent Inc., 9.00%, 10/01/30 (Call 10/01/26)(c)(d) | | |
Starwood Property Trust Inc. | | |
3.63%, 07/15/26 (Call 01/15/26)(c) | | |
4.38%, 01/15/27 (Call 07/15/26)(c)(d) | | |
7.25%, 04/01/29 (Call 10/01/28)(c)(d) | | |
| | |
4.50%, 02/15/28 (Call 05/31/24)(c) | | |
4.63%, 12/01/31 (Call 06/01/31)(c)(d) | | |
6.63%, 03/15/32 (Call 03/15/27)(c)(d) | | |
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31 (Call 06/01/26)(c) | | |
Summit Materials LLC/Summit Materials Finance Corp. | | |
5.25%, 01/15/29 (Call 05/13/24)(c) | | |
7.25%, 01/15/31 (Call 01/15/27)(c) | | |
| | |
7.00%, 05/01/29 (Call 05/01/26)(c) | | |
7.25%, 05/01/32 (Call 05/01/27)(c) | | |
Sunoco LP/Sunoco Finance Corp. | | |
4.50%, 05/15/29 (Call 05/16/24) | | |
4.50%, 04/30/30 (Call 04/30/25) | | |
5.88%, 03/15/28 (Call 05/31/24) | | |
6.00%, 04/15/27 (Call 05/31/24) | | |
7.00%, 09/15/28 (Call 09/15/25)(c) | | |
Synchrony Financial, 7.25%, 02/02/33 (Call 11/02/32) | | |
Talen Energy Supply LLC, 8.63%, 06/01/30 (Call 06/01/26)(c) | | |
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. | | |
5.50%, 01/15/28 (Call 05/31/24)(c) | | |
6.00%, 03/01/27 (Call 05/31/24)(c) | | |
6.00%, 12/31/30 (Call 12/31/25)(c) | | |
6.00%, 09/01/31 (Call 09/01/26)(c) | | |
7.38%, 02/15/29 (Call 02/15/26)(c) | | |
| | |
United States (continued) |
| | |
9.00%, 02/01/29 (Call 02/01/26)(c) | | |
9.38%, 02/01/31 (Call 02/01/27)(c) | | |
Taylor Morrison Communities Inc. | | |
5.13%, 08/01/30 (Call 02/01/30)(c)(d) | | |
5.75%, 01/15/28 (Call 10/15/27)(c) | | |
5.88%, 06/15/27 (Call 03/15/27)(c) | | |
| | |
4.63%, 03/15/28 (Call 05/31/24)(d) | | |
4.75%, 03/15/26 (Call 05/31/24)(c) | | |
5.00%, 09/15/29 (Call 09/15/24) | | |
Teleflex Inc., 4.25%, 06/01/28 (Call 05/31/24)(c) | | |
Tempur Sealy International Inc., 3.88%, 10/15/31 (Call 10/15/26)(c)(d) | | |
| | |
4.25%, 06/01/29 (Call 06/01/24) | | |
4.38%, 01/15/30 (Call 12/01/24) | | |
4.63%, 06/15/28 (Call 05/16/24) | | |
5.13%, 11/01/27 (Call 05/16/24)(d) | | |
6.13%, 10/01/28 (Call 05/31/24)(d) | | |
6.13%, 06/15/30 (Call 06/15/25) | | |
6.25%, 02/01/27 (Call 05/16/24) | | |
6.75%, 05/15/31 (Call 05/15/26)(c) | | |
Tenneco Inc., 8.00%, 11/17/28 (Call 11/17/24)(c) | | |
TerraForm Power Operating LLC | | |
4.75%, 01/15/30 (Call 01/15/25)(c) | | |
5.00%, 01/31/28 (Call 07/31/27)(c) | | |
| | |
6.88%, 05/15/28 (Call 05/31/24)(c)(d) | | |
10.50%, 05/15/29 (Call 05/31/24)(c) | | |
| | |
4.63%, 01/15/29 (Call 05/31/24) | | |
4.88%, 05/01/29 (Call 05/31/24) | | |
5.50%, 11/15/27 (Call 05/31/24) | | |
6.38%, 03/01/29 (Call 03/01/26)(c) | | |
6.63%, 03/01/32 (Call 03/01/27)(c) | | |
6.75%, 08/15/28 (Call 02/15/25)(c) | | |
6.88%, 12/15/30 (Call 08/18/26)(c) | | |
7.13%, 12/01/31 (Call 12/01/26)(c) | | |
| | |
8.25%, 05/15/29 (Call 05/15/26)(c) | | |
8.50%, 05/15/31 (Call 05/15/27)(c)(d) | | |
8.75%, 02/15/30 (Call 02/15/26)(c) | | |
Transocean Poseidon Ltd., 6.88%, 02/01/27 (Call 05/31/24)(c)(d) | | |
Transocean Titan Financing Ltd., 8.38%, 02/01/28 (Call 02/01/25)(c) | | |
| | |
4.50%, 12/01/29 (Call 09/01/29)(c)(d) | | |
6.00%, 04/01/27 (Call 01/01/27) | | |
6.63%, 07/31/26 (Call 04/30/26)(c) | | |
Triumph Group Inc., 9.00%, 03/15/28 (Call 03/15/25)(c)(d) | | |
Tronox Inc., 4.63%, 03/15/29 (Call 05/31/24)(c)(d) | | |
| | |
3.63%, 03/15/29 (Call 05/13/24)(d) | | |
3.88%, 03/15/31 (Call 03/15/26)(d) | | |
| | |
4.63%, 06/01/30 (Call 06/01/25)(c) | | |
4.75%, 02/15/29 (Call 05/31/24)(c) | | |
6.88%, 09/15/28 (Call 09/15/25)(c) | | |
Schedule of Investments65
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
United States (continued) |
7.25%, 01/15/32 (Call 09/15/26)(c)(d) | | |
| | |
4.50%, 08/15/29 (Call 08/15/24)(c)(d) | | |
6.25%, 01/15/28 (Call 05/13/24)(c)(d) | | |
7.50%, 09/15/27 (Call 05/21/24)(c) | | |
8.00%, 11/01/26 (Call 05/31/24)(c) | | |
UGI International LLC, 2.50%, 12/01/29 (Call 12/01/24)(a) | | |
UKG Inc., 6.88%, 02/01/31 (Call 02/01/27)(c) | | |
| | |
4.38%, 04/15/26 (Call 10/15/25)(c) | | |
4.63%, 04/15/29 (Call 10/15/28)(c) | | |
United Rentals North America Inc. | | |
3.75%, 01/15/32 (Call 07/15/26) | | |
3.88%, 11/15/27 (Call 05/13/24) | | |
3.88%, 02/15/31 (Call 08/15/25) | | |
4.00%, 07/15/30 (Call 07/15/25)(d) | | |
4.88%, 01/15/28 (Call 05/13/24) | | |
5.25%, 01/15/30 (Call 01/15/25)(d) | | |
5.50%, 05/15/27 (Call 05/31/24) | | |
6.13%, 03/15/34 (Call 03/15/29)(c) | | |
United Wholesale Mortgage LLC | | |
5.50%, 11/15/25 (Call 05/31/24)(c) | | |
5.50%, 04/15/29 (Call 05/13/24)(c) | | |
5.75%, 06/15/27 (Call 06/15/24)(c) | | |
Uniti Group LP/Uniti Fiber Holdings Inc./CSL Capital LLC, 6.00%, 01/15/30 (Call 01/15/25)(c) | | |
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC | | |
4.75%, 04/15/28 (Call 05/13/24)(c) | | |
6.50%, 02/15/29 (Call 05/13/24)(c) | | |
10.50%, 02/15/28 (Call 09/15/25)(c) | | |
Univision Communications Inc. | | |
4.50%, 05/01/29 (Call 05/31/24)(c) | | |
6.63%, 06/01/27 (Call 05/13/24)(c) | | |
7.38%, 06/30/30 (Call 06/30/25)(c)(d) | | |
8.00%, 08/15/28 (Call 08/15/25)(c) | | |
USA Compression Partners LP / USA Compression Finance Corp., 7.13%, 03/15/29 (Call 03/15/26)(c) | | |
USA Compression Partners LP/USA Compression Finance Corp., 6.88%, 09/01/27 (Call 05/31/24) | | |
Valaris Ltd., 8.38%, 04/30/30 (Call 04/30/26)(c) | | |
Valvoline Inc., 3.63%, 06/15/31 (Call 06/15/26)(c) | | |
| | |
5.75%, 02/01/29 (Call 05/31/24)(c)(d) | | |
10.50%, 11/01/26 (Call 05/31/24)(c)(d) | | |
Venture Global Calcasieu Pass LLC | | |
3.88%, 11/01/33 (Call 05/01/33)(c) | | |
6.25%, 01/15/30 (Call 10/15/29)(c) | | |
3.88%, 08/15/29 (Call 02/15/29)(c) | | |
4.13%, 08/15/31 (Call 02/15/31)(c) | | |
| | |
8.13%, 06/01/28 (Call 06/01/25)(c) | | |
8.38%, 06/01/31 (Call 06/01/26)(c) | | |
9.50%, 02/01/29 (Call 11/01/28)(c) | | |
9.88%, 02/01/32 (Call 02/01/27)(c)(d) | | |
Vericast Corp., 11.00%, 09/15/26 (Call 05/31/24)(c) | | |
Veritas U.S. Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25 (Call 05/31/24)(c) | | |
| | |
United States (continued) |
Verscend Escrow Corp., 9.75%, 08/15/26 (Call 05/01/24)(c) | | |
Viasat Inc., 7.50%, 05/30/31 (Call 05/30/26)(c)(d) | | |
| | |
5.63%, 09/15/25 (Call 05/13/24)(c) | | |
5.63%, 04/15/27 (Call 05/13/24)(c)(d) | | |
6.50%, 07/15/28 (Call 05/31/24)(c)(d) | | |
| | |
5.88%, 09/15/27 (Call 05/31/24)(c) | | |
7.00%, 02/15/29 (Call 05/31/24)(c) | | |
9.13%, 07/15/31 (Call 07/15/26)(c) | | |
Vistra Operations Co. LLC | | |
4.38%, 05/01/29 (Call 05/31/24)(c) | | |
5.00%, 07/31/27 (Call 05/13/24)(c) | | |
5.50%, 09/01/26 (Call 05/13/24)(c) | | |
5.63%, 02/15/27 (Call 05/13/24)(c) | | |
6.88%, 04/15/32 (Call 04/15/27)(c) | | |
7.75%, 10/15/31 (Call 10/15/26)(c) | | |
| | |
7.88%, 04/15/32 (Call 04/15/27)(c) | | |
9.75%, 10/15/30 (Call 10/15/26) | | |
VOC Escrow Ltd., 5.00%, 02/15/28 (Call 05/31/24)(c) | | |
Vornado Realty LP, 2.15%, 06/01/26 (Call 05/01/26) | | |
Walgreens Boots Alliance Inc. | | |
2.13%, 11/20/26 (Call 08/20/26) | | |
3.20%, 04/15/30 (Call 01/15/30) | | |
3.45%, 06/01/26 (Call 03/01/26) | | |
Wand NewCo 3 Inc., 7.63%, 01/30/32 (Call 01/30/27)(c) | | |
Weatherford International Ltd., 8.63%, 04/30/30 (Call 10/30/24)(c) | | |
Wesco Aircraft Holdings Inc. | | |
8.50%, 11/15/24 (Call 05/31/24)(c)(e)(f) | | |
9.00%, 11/15/26 (Call 05/31/24)(c)(d)(e)(f) | | |
| | |
6.38%, 03/15/29 (Call 03/15/26)(c) | | |
6.63%, 03/15/32 (Call 03/15/27)(c)(d) | | |
7.13%, 06/15/25 (Call 05/31/24)(c) | | |
7.25%, 06/15/28 (Call 05/31/24)(c)(d) | | |
Western Digital Corp., 4.75%, 02/15/26 (Call 11/15/25) | | |
| | |
4.63%, 08/15/28 (Call 05/31/24)(c) | | |
6.13%, 06/15/25 (Call 05/16/24)(c) | | |
7.38%, 10/01/31 (Call 10/01/26)(c)(d) | | |
Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/28 (Call 05/31/24)(c) | | |
| | |
2.75%, 07/15/28 (Call 05/30/24)(a) | | |
3.00%, 02/15/31 (Call 02/15/26)(c)(d) | | |
3.75%, 12/01/29 (Call 12/01/24)(c) | | |
3.88%, 07/15/30 (Call 07/15/25)(c) | | |
| | |
4.88%, 06/15/27 (Call 05/31/24)(c) | | |
5.63%, 08/15/29 (Call 08/15/24)(c) | | |
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27 (Call 02/15/27)(c)(d) | | |
662024 iShares Semi-Annual Report to Shareholders
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF(Percentages shown are based on Net Assets)
| | |
United States (continued) |
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp. | | |
5.13%, 10/01/29 (Call 07/01/29)(c) | | |
7.13%, 02/15/31 (Call 11/15/30)(c)(d) | | |
| | |
5.00%, 08/15/25 (Call 07/15/25)(c)(d) | | |
5.50%, 08/15/28 (Call 07/15/28)(c) | | |
8.88%, 11/30/29 (Call 11/30/26)(c)(d) | | |
| | |
4.88%, 06/01/29 (Call 06/01/24)(c) | | |
6.38%, 08/15/25 (Call 05/13/24)(c) | | |
| | |
7.13%, 06/01/31 (Call 06/01/26)(c)(d) | | |
7.13%, 02/01/32 (Call 02/01/27)(c) | | |
| | |
3.63%, 03/15/31 (Call 12/15/30) | | |
4.63%, 01/31/32 (Call 10/01/26) | | |
4.75%, 01/15/30 (Call 10/15/29)(c) | | |
5.38%, 04/01/32 (Call 04/01/27)(d) | | |
| | |
4.00%, 03/01/27 (Call 05/31/24)(c) | | |
6.13%, 03/01/28 (Call 05/31/24)(c) | | |
| | |
Total Long-Term Investments — 97.1%
(Cost: $133,999,242) | |
| | |
|
Money Market Funds — 14.5% |
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.49%(j)(k)(l) | | |
| | |
Money Market Funds (continued) |
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.28%(j)(k) | | |
Total Short-Term Securities — 14.5%
(Cost: $18,780,117) | |
Total Investments — 111.6%
(Cost: $152,779,359) | |
Liabilities in Excess of Other Assets — (11.6)% | |
| |
| This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
| 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. |
| 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. |
| All or a portion of this security is on loan. |
| Issuer filed for bankruptcy and/or is in default. |
| Non-income producing security. |
| Perpetual security with no stated maturity date. |
| Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates. |
| 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. |
| |
| Annualized 7-day yield as of period end. |
| All or a portion of this security was purchased with the cash collateral from loaned securities. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the six months ended April 30, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| | | | | Change in
Unrealized
Appreciation
(Depreciation) | | | | Capital
Gain
Distributions
from
Underlying
Funds |
BlackRock Cash Funds: Institutional, SL Agency Shares | | | | | | | | | |
BlackRock Cash Funds: Treasury, SL Agency Shares | | | | | | | | | |
| | | | | | | | | |
| Represents net amount purchased (sold). |
| All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities. |
Schedule of Investments67
Schedule of Investments (unaudited)(continued)April 30, 2024
iShares® US & Intl High Yield Corp Bond ETF
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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.
See notes to financial statements.
682024 iShares Semi-Annual Report to Shareholders
Statements of Assets and Liabilities (unaudited)April 30, 2024
| iShares
International High Yield Bond ETF | iShares
J.P. Morgan EM Corporate Bond ETF | iShares
J.P. Morgan EM High Yield Bond ETF | iShares
J.P. Morgan EM Local Currency Bond ETF |
| | | | |
Investments, at value—unaffiliated(a)(b) | | | | |
Investments, at value—affiliated(c) | | | | |
| | | | |
Foreign currency, at value(d) | | | | |
| | | | |
| | | | |
Securities lending income—affiliated | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Collateral on securities loaned, at value | | | | |
| | | | |
| | | | |
Deferred foreign capital gain tax | | | | |
| | | | |
| | | | |
| | | | |
Commitments and contingent liabilities | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
(a) Investments, at cost—unaffiliated | | | | |
(b) Securities loaned, at value | | | | |
(c) Investments, at cost—affiliated | | | | |
(d) Foreign currency, at cost | | | | |
See notes to financial statements.
Statements of Assets and Liabilities (unaudited)(continued)April 30, 2024
| iShares
US & Intl High Yield Corp Bond ETF |
| |
Investments, at value—unaffiliated(a)(b) | |
Investments, at value—affiliated(c) | |
| |
Foreign currency, at value(d) | |
| |
| |
Securities lending income—affiliated | |
| |
| |
| |
| |
Collateral on securities loaned, at value | |
| |
| |
| |
| |
Commitments and contingent liabilities | |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
(a) Investments, at cost—unaffiliated | |
(b) Securities loaned, at value | |
(c) Investments, at cost—affiliated | |
(d) Foreign currency, at cost | |
See notes to financial statements.
702024 iShares Semi-Annual Report to Shareholders
Statements of Operations (unaudited)Six Months Ended April 30, 2024
| iShares
International High Yield Bond ETF | iShares
J.P. Morgan EM Corporate Bond ETF | iShares
J.P. Morgan EM High Yield Bond ETF | iShares
J.P. Morgan EM Local Currency Bond ETF |
| | | | |
| | | | |
| | | | |
Securities lending income—affiliated—net | | | | |
Other income—unaffiliated | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
REALIZED AND UNREALIZED GAIN (LOSS) | | | | |
Net realized gain (loss) from: | | | | |
Investments—unaffiliated(a) | | | | |
| | | | |
Forward foreign currency exchange contracts | | | | |
Foreign currency transactions | | | | |
In-kind redemptions—unaffiliated(b) | | | | |
| | | | |
Net change in unrealized appreciation (depreciation) on: | | | | |
Investments—unaffiliated(c) | | | | |
| | | | |
Foreign currency translations | | | | |
| | | | |
Net realized and unrealized gain | | | | |
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | | | | |
(a) Net of foreign capital gain tax and capital gain tax refund, if applicable of | | | | |
(b) See Note 2 of the Notes to Financial Statements. |
(c) Net of increase in deferred foreign capital gain tax of | | | | |
See notes to financial statements.
Statements of Operations (unaudited)(continued)Six Months Ended April 30, 2024
| iShares
US & Intl High Yield Corp Bond ETF |
| |
| |
| |
Securities lending income—affiliated—net | |
Other income—unaffiliated | |
| |
| |
| |
| |
| |
| |
| |
REALIZED AND UNREALIZED GAIN (LOSS) | |
Net realized gain (loss) from: | |
| |
| |
Foreign currency transactions | |
In-kind redemptions—unaffiliated(a) | |
| |
Net change in unrealized appreciation (depreciation) on: | |
| |
| |
Foreign currency translations | |
| |
Net realized and unrealized gain | |
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | |
(a) See Note 2 of the Notes to Financial Statements. |
See notes to financial statements.
722024 iShares Semi-Annual Report to Shareholders
Statements of Changes in Net Assets
| iShares
International High Yield Bond ETF | iShares
J.P. Morgan EM Corporate Bond ETF |
| Six Months Ended
04/30/24
(unaudited) | | Six Months Ended
04/30/24
(unaudited) | |
INCREASE (DECREASE) IN NET ASSETS | | | | |
| | | | |
| | | | |
| | | | |
Net change in unrealized appreciation (depreciation) | | | | |
Net increase in net assets resulting from operations | | | | |
DISTRIBUTIONS TO SHAREHOLDERS(a) | | | | |
Decrease in net assets resulting from distributions to shareholders | | | | |
CAPITAL SHARE TRANSACTIONS | | | | |
Net increase (decrease) in net assets derived from capital share transactions | | | | |
| | | | |
Total increase in net assets | | | | |
| | | | |
| | | | |
| Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| A portion of the distributions from net investment income may be deemed a return of capital or net realized gain at fiscal year-end. |
See notes to financial statements.
Statements of Changes in Net Assets(continued)
| iShares
J.P. Morgan EM High Yield Bond ETF | iShares
J.P. Morgan EM Local Currency Bond ETF |
| Six Months Ended
04/30/24
(unaudited) | | Six Months Ended
04/30/24
(unaudited) | |
INCREASE (DECREASE) IN NET ASSETS | | | | |
| | | | |
| | | | |
| | | | |
Net change in unrealized appreciation (depreciation) | | | | |
Net increase in net assets resulting from operations | | | | |
DISTRIBUTIONS TO SHAREHOLDERS(a) | | | | |
Decrease in net assets resulting from distributions to shareholders | | | | |
CAPITAL SHARE TRANSACTIONS | | | | |
Net increase (decrease) in net assets derived from capital share transactions | | | | |
| | | | |
Total increase (decrease) in net assets | | | | |
| | | | |
| | | | |
| Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| A portion of the distributions from net investment income may be deemed a return of capital or net realized gain at fiscal year-end. |
See notes to financial statements.
742024 iShares Semi-Annual Report to Shareholders
Statements of Changes in Net Assets(continued)
| iShares
US & Intl High Yield Corp Bond ETF |
| Six Months Ended
04/30/24
(unaudited) | |
INCREASE (DECREASE) IN NET ASSETS | | |
| | |
| | |
| | |
Net change in unrealized appreciation (depreciation) | | |
Net increase in net assets resulting from operations | | |
DISTRIBUTIONS TO SHAREHOLDERS(a) | | |
Decrease in net assets resulting from distributions to shareholders | | |
CAPITAL SHARE TRANSACTIONS | | |
Net increase in net assets derived from capital share transactions | | |
| | |
Total increase in net assets | | |
| | |
| | |
| Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| A portion of the distributions from net investment income may be deemed a return of capital or net realized gain at fiscal year-end. |
See notes to financial statements.
Financial Highlights(For a share outstanding throughout each period)
| iShares International High Yield Bond ETF |
| Six Months Ended
04/30/24
(unaudited) | | | | | |
Net asset value, beginning of period | | | | | | |
| | | | | | |
Net realized and unrealized gain (loss)(b) | | | | | | |
Net increase (decrease) from investment operations | | | | | | |
| | | | | | |
From net investment income | | | | | | |
| | | | | | |
| | | | | | |
Net asset value, end of period | | | | | | |
| | | | | | |
| | | | | | |
Ratios to Average Net Assets(g) | | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
Net assets, end of period (000) | | | | | | |
Portfolio turnover rate(i) | | | | | | |
(a) Based on average shares outstanding. |
(b) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
(c) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) A portion of the distributions from net investment income may be deemed a return of capital or net realized gain at fiscal year-end. |
(e) Where applicable, assumes the reinvestment of distributions. |
|
(g) Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
|
(i) Portfolio turnover rate excludes in-kind transactions, if any. |
See notes to financial statements.
762024 iShares Semi-Annual Report to Shareholders
Financial Highlights(continued)(For a share outstanding throughout each period)
| iShares J.P. Morgan EM Corporate Bond ETF |
| Six Months Ended
04/30/24
(unaudited) | | | | | |
Net asset value, beginning of period | | | | | | |
| | | | | | |
Net realized and unrealized gain (loss)(b) | | | | | | |
Net increase (decrease) from investment operations | | | | | | |
Distributions from net investment income(c) | | | | | | |
Net asset value, end of period | | | | | | |
| | | | | | |
| | | | | | |
Ratios to Average Net Assets(g) | | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
Net assets, end of period (000) | | | | | | |
Portfolio turnover rate(i) | | | | | | |
(a) Based on average shares outstanding. |
(b) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
(c) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) A portion of the distributions from net investment income may be deemed a return of capital or net realized gain at fiscal year-end. |
(e) Where applicable, assumes the reinvestment of distributions. |
|
(g) Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
|
(i) Portfolio turnover rate excludes in-kind transactions, if any. |
See notes to financial statements.
Financial Highlights(continued)(For a share outstanding throughout each period)
| iShares J.P. Morgan EM High Yield Bond ETF |
| Six Months Ended
04/30/24
(unaudited) | | | | | |
Net asset value, beginning of period | | | | | | |
| | | | | | |
Net realized and unrealized gain (loss)(b) | | | | | | |
Net increase (decrease) from investment operations | | | | | | |
Distributions from net investment income(c) | | | | | | |
Net asset value, end of period | | | | | | |
| | | | | | |
| | | | | | |
Ratios to Average Net Assets(g) | | | | | | |
| | | | | | |
Total expenses after fees waived | | | | | | |
| | | | | | |
| | | | | | |
Net assets, end of period (000) | | | | | | |
Portfolio turnover rate(i) | | | | | | |
(a) Based on average shares outstanding. |
(b) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
(c) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) A portion of the distributions from net investment income may be deemed a return of capital or net realized gain at fiscal year-end. |
(e) Where applicable, assumes the reinvestment of distributions. |
|
(g) Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
|
(i) Portfolio turnover rate excludes in-kind transactions, if any. |
See notes to financial statements.
782024 iShares Semi-Annual Report to Shareholders
Financial Highlights(continued)(For a share outstanding throughout each period)
| iShares J.P. Morgan EM Local Currency Bond ETF |
| Six Months Ended
04/30/24
(unaudited) | | | | | |
Net asset value, beginning of period | | | | | | |
| | | | | | |
Net realized and unrealized gain (loss)(b) | | | | | | |
Net increase (decrease) from investment operations | | | | | | |
Distributions from net investment income(c) | | | | | | |
Net asset value, end of period | | | | | | |
| | | | | | |
| | | | | | |
Ratios to Average Net Assets(g) | | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
Net assets, end of period (000) | | | | | | |
Portfolio turnover rate(i) | | | | | | |
(a) Based on average shares outstanding. |
(b) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
(c) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) A portion of the distributions from net investment income may be deemed a return of capital or net realized gain at fiscal year-end. |
(e) Where applicable, assumes the reinvestment of distributions. |
|
(g) Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
|
(i) Portfolio turnover rate excludes in-kind transactions, if any. |
See notes to financial statements.
Financial Highlights(continued)(For a share outstanding throughout each period)
| iShares US & Intl High Yield Corp Bond ETF |
| Six Months Ended
04/30/24
(unaudited) | | | | | |
Net asset value, beginning of period | | | | | | |
| | | | | | |
Net realized and unrealized gain (loss)(b) | | | | | | |
Net increase (decrease) from investment operations | | | | | | |
Distributions from net investment income(c) | | | | | | |
Net asset value, end of period | | | | | | |
| | | | | | |
| | | | | | |
Ratios to Average Net Assets(g) | | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
Net assets, end of period (000) | | | | | | |
Portfolio turnover rate(i) | | | | | | |
(a) Based on average shares outstanding. |
(b) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
(c) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
(d) A portion of the distributions from net investment income may be deemed a return of capital or net realized gain at fiscal year-end. |
(e) Where applicable, assumes the reinvestment of distributions. |
|
(g) Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
|
(i) Portfolio turnover rate excludes in-kind transactions, if any. |
See notes to financial statements.
802024 iShares Semi-Annual Report to Shareholders
Notes to Financial Statements (unaudited)
1. ORGANIZATION
iShares, Inc. (the “Company”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Company is organized as a Maryland corporation and is authorized to have multiple series or portfolios.
These financial statements relate only to the following funds (each, a “Fund” and collectively, the “Funds”):
| Diversification
Classification |
International High Yield Bond | |
J.P. Morgan EM Corporate Bond | |
J.P. Morgan EM High Yield Bond | |
J.P. Morgan EM Local Currency Bond | |
US & Intl High Yield Corp Bond | |
2. SIGNIFICANT ACCOUNTING POLICIES
The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:
Investment Transactions and Income Recognition: For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed. Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Dividends from foreign securities where the ex-dividend date may have passed are subsequently recorded when the Funds are informed of the ex-dividend date. Under the applicable foreign tax laws, a withholding tax at various rates may be imposed on capital gains, dividends and interest. Interest income, including amortization and accretion of premiums and discounts on debt securities, and payment-in-kind interest are recognized daily on an accrual basis.
Foreign Currency Translation: Each Fund's books and records are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using prevailing market rates as quoted by one or more data service providers. Purchases and sales of investments are recorded at the rates of exchange prevailing on the respective dates of such transactions. Generally, when the U.S. dollar rises in value against a foreign currency, the investments denominated in that currency will lose value; the opposite effect occurs if the U.S. dollar falls in relative value.
Each Fund does not isolate the effect of fluctuations in foreign exchange rates from the effect of fluctuations in the market prices of investments for financial reporting purposes. Accordingly, the effects of changes in exchange rates on investments are not segregated in the Statements of Operations from the effects of changes in market prices of those investments, but are included as a component of net realized and unrealized gain (loss) from investments. Each Fund reports realized currency gains (losses) on foreign currency related transactions as components of net realized gain (loss) for financial reporting purposes, whereas such components are generally treated as ordinary income for U.S. federal income tax purposes.
Foreign Taxes: The Funds may be subject to foreign taxes (a portion of which may be reclaimable) on income, stock dividends, capital gains on investments, or certain foreign currency transactions. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in the foreign jurisdictions in which each Fund invests. These foreign taxes, if any, are paid by each Fund and are reflected in its Statements of Operations as follows: foreign taxes withheld at source are presented as a reduction of income, foreign taxes on securities lending income are presented as a reduction of securities lending income, foreign taxes on stock dividends are presented as “Other foreign taxes”, and foreign taxes on capital gains from sales of investments and foreign taxes on foreign currency transactions are included in their respective net realized gain (loss) categories. Foreign taxes payable or deferred as of April 30, 2024, if any, are disclosed in the Statements of Assets and Liabilities.
The Funds file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. The Funds may record a reclaim receivable based on collectability, which includes factors such as the jurisdiction’s applicable laws, payment history and market convention. The Statements of Operations includes tax reclaims recorded as well as professional and other fees, if any, associated with recovery of foreign withholding taxes.
In-kind Redemptions: For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Funds. Because such gains or losses are not taxable to the Funds and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Funds’ tax year. These reclassifications have no effect on net assets or net asset value (“NAV”) per share.
Distributions: Dividends and distributions paid by each Fund are recorded on the ex-dividend dates. Distributions are determined on a tax basis and may differ from net investment income, net realized capital gains and/or return of capital for financial reporting purposes. Dividends and distributions are paid in U.S. dollars and cannot be automatically reinvested in additional shares of the Funds.
The portion of distributions that exceeds each Fund's current and accumulated earnings and profits will constitute a non-taxable return of capital. Distributions in excess of each Fund's minimum distribution requirements, but not in excess of the Fund's earnings and profits, will be taxable to the Fund's shareholders and will not constitute
Notes to Financial Statements81
Notes to Financial Statements (unaudited) (continued)
non-taxable returns of capital. Return of capital distributions will reduce a shareholder's cost basis and will result in higher capital gains or lower capital losses when each Fund's shares on which distributions were received are sold. Once a shareholder's cost basis is reduced to zero, further distributions will be treated as capital gains.
Indemnifications: In the normal course of business, each Fund enters into contracts that contain a variety of representations that provide general indemnification. The Funds’ maximum exposure under these arrangements is unknown because it involves future potential claims against the Funds, which cannot be predicted with any certainty.
3. INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS
Investment Valuation Policies: Each Fund’s investments are valued at fair value (also referred to as “market value” within the financial statements) each day that the Fund’s listing exchange is open and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The Board of Directors of the Company (the “Board”) of each Fund has approved the designation of BlackRock Fund Advisors (“BFA”), the Funds’ investment adviser, as the valuation designee for each Fund. Each Fund determines the fair values of its financial instruments using various independent dealers or pricing services under BFA’s policies. If a security’s market price is not readily available or does not otherwise accurately represent the fair value of the security, the security will be valued in accordance with BFA’s policies and procedures as reflecting fair value. BFA has formed a committee (the “Valuation Committee”) to develop pricing policies and procedures and to oversee the pricing function for all financial instruments, with assistance from other BlackRock pricing committees.
Fair Value Inputs and Methodologies: The following methods and inputs are used to establish the fair value of each Fund’s assets and liabilities:
• Equity investments traded on a recognized securities exchange are valued at that day’s official closing price, as applicable, on the exchange where the stock is primarily traded. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last traded price.
• Fixed-income investments for which market quotations are readily available are generally valued using the last available bid price or current market quotations provided by independent dealers or third-party pricing services. Pricing services generally value fixed income securities assuming orderly transactions of an institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots may trade at lower prices than institutional round lots. The pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data (e.g., recent representative bids and offers), market data, credit quality information, perceived market movements, news, and other relevant information. Certain fixed-income securities, including asset-backed and mortgage related securities may be valued based on valuation models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. The amortized cost method of valuation may be used with respect to debt obligations with sixty days or less remaining to maturity unless BFA determines such method does not represent fair value.
• Investments in open-end U.S. mutual funds (including money market funds) are valued at that day’s published NAV.
If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such investment, or in the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Valuation Committee, in accordance with BFA’s policies and procedures as reflecting fair value (“Fair Valued Investments”). The fair valuation approaches that may be used by the Valuation Committee include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Valuation Committee seeks to determine the price that each Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in an arm’s-length transaction. Fair value determinations shall be based upon all available factors that the Valuation Committee deems relevant and consistent with the principles of fair value measurement.
Fair value pricing could result in a difference between the prices used to calculate a fund’s NAV and the prices used by the fund’s underlying index, which in turn could result in a difference between the fund’s performance and the performance of the fund’s underlying index.
Fair Value Hierarchy: 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
822024 iShares Semi-Annual Report to Shareholders
Notes to Financial Statements (unaudited) (continued)
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 that may not have a secondary market and/or may have 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.
4. SECURITIES AND OTHER INVESTMENTS
Zero-Coupon Bonds: Zero-coupon bonds are normally issued at a significant discount from face value and do not provide for periodic interest payments. These bonds may experience greater volatility in market value than other debt obligations of similar maturity which provide for regular interest payments.
Securities Lending: Each Fund may lend its securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by an approved bank, or securities issued or guaranteed by the U.S. government. The initial collateral received by each Fund is required to have a value of at least 102% of the current market value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund or excess collateral is returned by the Fund, on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities but does not receive interest income on securities received as collateral. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.
As of period end, any securities on loan were collateralized by cash and/or U.S. Government obligations. Cash collateral invested in money market funds managed by BFA, or its affiliates is disclosed in the Schedule of Investments. Any non-cash collateral received cannot be sold, re-invested or pledged by the Fund, except in the event of borrower default. The securities on loan, if any, are also disclosed in each Fund’s Schedule of Investments. The market value of any securities on loan and the value of any related cash collateral are disclosed in the Statements of Assets and Liabilities.
Securities lending transactions are entered into by the Funds under Master Securities Lending Agreements (each, an “MSLA”) which provide the right, in the event of default (including bankruptcy or insolvency) for the non-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. In the event that a borrower defaults, the Funds, as lender, would offset the market value of the collateral received against the market value of the securities loaned. When the value of the collateral is greater than that of the market value of the securities loaned, the lender is left with a net amount payable to the defaulting party. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of an MSLA counterparty’s bankruptcy or insolvency. Under the MSLA, absent an event of default, the borrower can resell or re-pledge the loaned securities, and the Funds can reinvest cash collateral received in connection with loaned securities. Upon an event of default, the parties’ obligations to return the securities or collateral to the other party are extinguished, and the parties can resell or re-pledge the loaned securities or the collateral received in connection with the loaned securities in order to satisfy the defaulting party’s net payment obligation for all transactions under the MSLA. The defaulting party remains liable for any deficiency.
As of period end, the following table is a summary of the securities on loan by counterparty which are subject to offset under an MSLA:
iShares ETF and Counterparty | Securities Loaned
at Value | | Non-Cash Collateral
Received, at Fair Value(a) | |
J.P. Morgan EM Corporate Bond | | | | |
| | | | |
| | | | |
BMO Capital Markets Corp. | | | | |
| | | | |
| | | | |
Citigroup Global Markets, Inc. | | | | |
HSBC Securities (USA), Inc. | | | | |
J.P. Morgan Securities LLC | | | | |
| | | | |
| | | | |
Nomura Securities International, Inc. | | | | |
| | | | |
| | | | |
Wells Fargo Securities LLC | | | | |
| | | | |
Notes to Financial Statements83
Notes to Financial Statements (unaudited) (continued)
iShares ETF and Counterparty | Securities Loaned at Value | Cash Collateral Received(a) | Non-Cash Collateral Received, at Fair Value(a) | |
J.P. Morgan EM High Yield Bond | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
HSBC Securities (USA), Inc. | | | | |
J.P. Morgan Securities LLC | | | | |
| | | | |
| | | | |
Nomura Securities International, Inc. | | | | |
| | | | |
Scotia Capital (USA), Inc. | | | | |
| | | | |
| | | | |
Wells Fargo Securities LLC | | | | |
| | | | |
US & Intl High Yield Corp Bond | | | | |
| | | | |
| | | | |
BMO Capital Markets Corp. | | | | |
| | | | |
| | | | |
| | | | |
Citigroup Global Markets, Inc. | | | | |
Deutsche Bank Securities, Inc. | | | | |
| | | | |
J.P. Morgan Securities LLC | | | | |
| | | | |
| | | | |
Nomura Securities International, Inc. | | | | |
| | | | |
| | | | |
Scotia Capital (USA), Inc. | | | | |
State Street Bank & Trust Co. | | | | |
| | | | |
| | | | |
| | | | |
| | | | |
Wells Fargo Securities LLC | | | | |
| | | | |
| Collateral received, if any, in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by each Fund is disclosed in the Fund’s Statements of Assets and Liabilities. |
| The market value of the loaned securities is determined as of April 30, 2024. Additional collateral is delivered to the Fund on the next business day in accordance with the MSLA. The net amount would be subject to the borrower default indemnity in the event of default by a counterparty. |
The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by BlackRock, Inc. (“BlackRock”). BlackRock’s indemnity allows for full replacement of the securities loaned to the extent the collateral received does not cover the value of the securities loaned in the event of borrower default. Each Fund could incur a loss if the value of an investment purchased with cash collateral falls below the market value of the loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. Such losses are borne entirely by each Fund.
5. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES
Investment Advisory Fees: Pursuant to an Investment Advisory Agreement with the Company, BFA manages the investment of each Fund’s assets. BFA is a California corporation indirectly owned by BlackRock. Under the Investment Advisory Agreement, BFA is responsible for substantially all expenses of the Funds, except (i) interest and taxes; (ii) brokerage commissions and other expenses connected with the execution of portfolio transactions; (iii) distribution fees; (iv) the advisory fee payable to BFA; and (v) litigation expenses and any extraordinary expenses (in each case as determined by a majority of the independent directors).
842024 iShares Semi-Annual Report to Shareholders
Notes to Financial Statements (unaudited) (continued)
For its investment advisory services to each of the following Funds, BFA is entitled to an annual investment advisory fee, accrued daily and paid monthly by the Funds, based on the average daily net assets of each Fund as follows:
| |
International High Yield Bond | |
J.P. Morgan EM Corporate Bond | |
J.P. Morgan EM High Yield Bond | |
J.P. Morgan EM Local Currency Bond | |
US & Intl High Yield Corp Bond | |
Sub-Adviser: BFA has entered into a sub-advisory agreement with BlackRock International Limited (“BIL”), an affiliate of BFA, under which BFA pays BIL for services it provides to the iShares International High Yield Bond ETF, iShares J.P. Morgan EM Corporate Bond ETF, iShares J.P. Morgan EM High Yield Bond ETF, iShares J.P. Morgan EM Local Currency Bond ETF and iShares US & Intl High Yield Corp Bond ETF. BFA has entered into a separate sub-advisory agreement with BlackRock (Singapore) Limited (“BRS”, together with BlackRock International Limited, the “Sub-Advisers”), both affiliates of BFA, under which BFA pays BRS for services it provides to the iShares J.P. Morgan EM Local Currency Bond ETF.
Distributor: BlackRock Investments, LLC ("BRIL"), an affiliate of BFA, is the distributor for each Fund. Pursuant to the distribution agreement, BFA is responsible for any fees or expenses for distribution services provided to the Funds.
ETF Servicing Fees: Each Fund has entered into an ETF Services Agreement with BRIL to perform certain order processing, Authorized Participant communications, and related services in connection with the issuance and redemption of Creation Units (“ETF Services”). BRIL is entitled to a transaction fee from Authorized Participants on each creation or redemption order for the ETF Services provided. The Funds do not pay BRIL for ETF Services.
Prior to January 08, 2024 (date of conversion for iShares J.P. Morgan EM Corporate Bond ETF and iShares J.P. Morgan EM High Yield Bond ETF), ETF Services were performed by State Street Bank and Trust Company.
Prior to January 26, 2024 (date of conversion for iShares International High Yield Bond ETF, iShares J.P. Morgan EM Local Currency Bond ETF and iShares US & Intl High Yield Corp Bond ETF), ETF Services were performed by State Street Bank and Trust Company.
Securities Lending: The U.S. Securities and Exchange Commission (the “SEC”) has issued an exemptive order which permits BlackRock Institutional Trust Company, N.A. (“BTC”), an affiliate of BFA, to serve as securities lending agent for the Funds, subject to applicable conditions. As securities lending agent, BTC bears all operational costs directly related to securities lending, including any custodial costs. Each Fund is responsible for fees in connection with the investment of cash collateral received for securities on loan (the “collateral investment fees”). The cash collateral is invested in a money market fund, BlackRock Cash Funds: Institutional or BlackRock Cash Funds: Treasury, managed by BFA, or its affiliates. However, BTC has agreed to reduce the amount of securities lending income it receives in order to effectively limit the collateral investment fees each Fund bears to an annual rate of 0.04%. The SL Agency Shares of such money market fund will not be subject to a sales load, redemption fee, distribution fee or service fee. The money market fund in which the cash collateral has been invested may, under certain circumstances, impose a liquidity fee of up to 2% of the value redeemed or temporarily restrict redemptions for up to 10 business days during a 90 day period, in the event that the money market fund’s weekly liquid assets fall below certain thresholds.
Securities lending income is generally equal to the total of income earned from the reinvestment of cash collateral (and excludes collateral investment fees), and any fees or other payments to and from borrowers of securities. Each Fund retains a portion of the securities lending income and remits the remaining portion to BTC as compensation for its services as securities lending agent.
Pursuant to the current securities lending agreement, each Fund retains 82% of securities lending income (which excludes collateral investment fees), and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.
In addition, commencing the business day following the date that the aggregate securities lending income plus the collateral investment fees generated across all 1940 Act iShares exchange-traded funds (the “iShares ETF Complex”) in that calendar year exceeds a specified threshold, each Fund, pursuant to the securities lending agreement, will retain for the remainder of that calendar year 85% of securities lending income (which excludes collateral investment fees) and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.
The share of securities lending income earned by each Fund is shown as securities lending income – affiliated – net in its Statements of Operations. For the six months ended April 30, 2024, the Funds paid BTC the following amounts for securities lending agent services:
| |
J.P. Morgan EM Corporate Bond | |
J.P. Morgan EM High Yield Bond | |
US & Intl High Yield Corp Bond | |
Officers and Directors: Certain officers and/or directors of the Company are officers and/or directors of BlackRock or its affiliates.
Other Transactions: Each Fund may invest its positive cash balances in certain money market funds managed by BFA or an affiliate. The income earned on these temporary cash investments is shown as dividends – affiliated in the Statements of Operations.
Notes to Financial Statements85
Notes to Financial Statements (unaudited) (continued)
A fund, in order to improve its portfolio liquidity and its ability to track its underlying index, may invest in shares of other iShares funds that invest in securities in the fund’s underlying index.
6. PURCHASES AND SALES
For the six months ended April 30, 2024, purchases and sales of investments, excluding short-term securities and in-kind transactions, were as follows:
| | |
International High Yield Bond | | |
J.P. Morgan EM Corporate Bond | | |
J.P. Morgan EM High Yield Bond | | |
J.P. Morgan EM Local Currency Bond | | |
US & Intl High Yield Corp Bond | | |
For the six months ended April 30, 2024, in-kind transactions were as follows:
| | |
J.P. Morgan EM Corporate Bond | | |
J.P. Morgan EM High Yield Bond | | |
J.P. Morgan EM Local Currency Bond | | |
US & Intl High Yield Corp Bond | | |
7. INCOME TAX INFORMATION
Each Fund is treated as an entity separate from the Company’s other funds for federal income tax purposes. It is each Fund’s policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.
Management has analyzed tax laws and regulations and their application to the Funds as of April 30, 2024, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds’ financial statements.
As of October 31, 2023, the Funds had non-expiring capital loss carryforwards available to offset future realized capital gains as follows:
| Non-Expiring
Capital Loss
Carryforwards |
International High Yield Bond | |
J.P. Morgan EM Corporate Bond | |
J.P. Morgan EM High Yield Bond | |
J.P. Morgan EM Local Currency Bond | |
US & Intl High Yield Corp Bond | |
As of April 30, 2024, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:
| | Gross Unrealized
Appreciation | Gross Unrealized
Depreciation | Net Unrealized
Appreciation
(Depreciation) |
International High Yield Bond | | | | |
J.P. Morgan EM Corporate Bond | | | | |
J.P. Morgan EM High Yield Bond | | | | |
J.P. Morgan EM Local Currency Bond | | | | |
US & Intl High Yield Corp Bond | | | | |
8. LINE OF CREDIT
The iShares J.P. Morgan EM Local Currency Bond ETF, along with certain other iShares funds (“Participating Funds”), is a party to a $800 million credit agreement (“Syndicated Credit Agreement”) with a group of lenders, which expires on October 16, 2024. The line of credit may be used for temporary or emergency purposes, including redemptions, settlement of trades and rebalancing of portfolio holdings in certain target markets. The Funds may borrow up to the aggregate commitment amount subject to asset coverage and other limitations as specified in the Syndicated Credit Agreement. The Syndicated Credit Agreement has the following terms: a commitment fee of 0.15% per annum on the unused portion of the credit agreement and interest at a rate equal to the higher of (a) Daily Simple Secured Overnight Financing Rate (“SOFR”)
862024 iShares Semi-Annual Report to Shareholders
Notes to Financial Statements (unaudited) (continued)
plus 0.10% and 1.00% per annum or (b) the U.S. Federal Funds rate plus 1.00% per annum on amounts borrowed. The commitment fee is generally allocated to each Participating Fund based on the lesser of a Participating Fund’s relative exposure to certain target markets or a Participating Fund’s maximum borrowing amount as set forth by the terms of the Syndicated Credit Agreement.
During the six months ended April 30, 2024, the Fund did not borrow under the Syndicated Credit Agreement.
9. PRINCIPAL RISKS
In the normal course of business, each Fund invests in securities or other instruments and may enter into certain transactions, and such activities subject the Fund to various risks, including, among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Funds and their investments. Each Fund’s prospectus provides details of the risks to which the Fund is subject.
BFA uses an indexing approach to try to achieve each Fund’s investment objective. The Fund is not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.
The Funds may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may be subject to discretionary liquidity fees under certain circumstances.
Market Risk: Investments in the securities of issuers domiciled in countries with emerging capital markets involve certain additional risks that do not generally apply to investments in securities of issuers in more developed capital markets, such as (i) low or nonexistent trading volume, resulting in a lack of liquidity and increased volatility in prices for such securities; (ii) lack of reliable settlement procedures and significant delays in registering the transfer of securities; (iii) uncertain national policies and social, political and economic instability, increasing the potential for expropriation of assets, confiscatory taxation, high rates of inflation or unfavorable diplomatic developments; (iv) lack of publicly available or reliable information about issuers as a result of not being subject to the same degree of regulatory requirements and accounting, auditing and financial reporting standards; and (v) possible fluctuations in exchange rates, differing legal systems and the existence or possible imposition of exchange controls, custodial restrictions or other foreign or U.S. governmental laws or restrictions applicable to such investments.
Each Fund may be exposed to prepayment risk, which is the risk that borrowers may exercise their option to prepay principal earlier than scheduled during periods of declining interest rates, which would force each Fund to reinvest in lower yielding securities. Each Fund may also be exposed to reinvestment risk, which is the risk that income from each Fund’s portfolio will decline if each Fund invests the proceeds from matured, traded or called fixed-income securities at market interest rates that are below each Fund portfolio’s current earnings rate.
Valuation Risk: The market values of equities, such as common stocks and preferred securities or equity related investments, such as futures and options, may decline due to general market conditions which are not specifically related to a particular company. They may also decline due to factors which affect a particular industry or industries. A fund may invest in illiquid investments. An illiquid investment is any investment that a fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the investment. A fund may experience difficulty in selling illiquid investments in a timely manner at the price that it believes the investments are worth. Prices may fluctuate widely over short or extended periods in response to company, market or economic news. Markets also tend to move in cycles, with periods of rising and falling prices. This volatility may cause a fund’s NAV to experience significant increases or decreases over short periods of time. If there is a general decline in the securities and other markets, the NAV of a fund may lose value, regardless of the individual results of the securities and other instruments in which a fund invests.
The price each Fund could receive upon the sale of any particular portfolio investment may differ from each Fund’s valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair valuation technique or a price provided by an independent pricing service. Changes to significant unobservable inputs and assumptions (i.e., publicly traded company multiples, growth rate, time to exit) due to the lack of observable inputs may significantly impact the resulting fair value and therefore each Fund’s results of operations. As a result, the price received upon the sale of an investment may be less than the value ascribed by each Fund, and each Fund could realize a greater than expected loss or lesser than expected gain upon the sale of the investment. Each Fund’s ability to value its investments may also be impacted by technological issues and/or errors by pricing services or other third-party service providers.
Counterparty Credit Risk: The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Funds manage counterparty credit risk by entering into transactions only with counterparties that BFA believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds’ exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.
Geographic/Asset Class Risk: A diversified portfolio, where this is appropriate and consistent with a fund’s objectives, minimizes the risk that a price change of a particular investment will have a material impact on the NAV of a fund. The investment concentrations within each Fund’s portfolio are disclosed in its Schedule of Investments.
Notes to Financial Statements87
Notes to Financial Statements (unaudited) (continued)
Certain Funds invest a significant portion of their assets in issuers located in a single country or a limited number of countries. When a fund concentrates its investments in this manner, it assumes the risk that economic, regulatory, political and social conditions in that country or those countries may have a significant impact on the fund and could affect the income from, or the value or liquidity of, the Fund’s portfolio. Unanticipated or sudden political or social developments may cause uncertainty in the markets and as a result adversely affect the Fund’s investments. Foreign issuers may not be subject to the same uniform accounting, auditing and financial reporting standards and practices as used in the United States. Foreign securities markets may also be more volatile and less liquid than U.S. securities and may be less subject to governmental supervision not typically associated with investing in U.S. securities. Investment percentages in specific countries are presented in the Schedule of Investments.
The Funds invest a significant portion of their assets in securities of issuers located in the United States. A decrease in imports or exports, changes in trade regulations, inflation and/or an economic recession in the United States may have a material adverse effect on the U.S. economy and the securities listed on U.S. exchanges. Proposed and adopted policy and legislative changes in the United States may also have a significant effect on U.S. markets generally, as well as on the value of certain securities. Governmental agencies project that the United States will continue to maintain elevated public debt levels for the foreseeable future which may constrain future economic growth. Circumstances could arise that could prevent the timely payment of interest or principal on U.S. government debt, such as reaching the legislative “debt ceiling.” Such non-payment would result in substantial negative consequences for the U.S. economy and the global financial system. If U.S. relations with certain countries deteriorate, it could adversely affect issuers that rely on the United States for trade. The United States has also experienced increased internal unrest and discord. If these trends were to continue, they may have an adverse impact on the U.S. economy and the issuers in which the the Funds invest.
Certain Funds invest a significant portion of their assets in securities of issuers located in Europe or with significant exposure to European issuers or countries. The European financial markets have recently experienced volatility and adverse trends due to concerns about economic downturns in, or rising government debt levels of, several European countries as well as acts of war in the region. These events may spread to other countries in Europe and may affect the value and liquidity of certain of the Funds’ investments.
Responses to the financial problems by European governments, central banks and others, including austerity measures and reforms, may not work, may result in social unrest and may limit future growth and economic recovery or have other unintended consequences. Further defaults or restructurings by governments and others of their debt could have additional adverse effects on economies, financial markets and asset valuations around the world. The United Kingdom has withdrawn from the European Union, and one or more other countries may withdraw from the European Union and/or abandon the Euro, the common currency of the European Union. These events and actions have adversely affected, and may in the future adversely affect, the value and exchange rate of the Euro and may continue to significantly affect the economies of every country in Europe, including countries that do not use the Euro and non-European Union member states. The impact of these actions, especially if they occur in a disorderly fashion, is not clear but could be significant and far reaching. In addition, Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions in the region are impossible to predict, but have been, and may continue to be, significant and have a severe adverse effect on the region, including significant negative impacts on the economy and the markets for certain securities and commodities, such as oil and natural gas, as well as other sectors.
Certain Funds invest a significant portion of their assets in securities of issuers located in Asia or with significant exposure to Asian issuers or countries. The Asian financial markets have recently experienced volatility and adverse trends due to concerns in several Asian countries regarding monetary policy, government intervention in the markets, rising government debt levels or economic downturns. These events may spread to other countries in Asia and may affect the value and liquidity of certain of the Funds’ investments.
Certain Funds invest a significant portion of their assets in high yield securities. High yield securities that are rated below investment-grade (commonly referred to as “junk bonds”) or are unrated may be deemed speculative, involve greater levels of risk than higher-rated securities of similar maturity and are more likely to default. High yield securities may be issued by less creditworthy issuers, and issuers of high yield securities may be unable to meet their interest or principal payment obligations. High yield securities are subject to extreme price fluctuations, may be less liquid than higher rated fixed-income securities, even under normal economic conditions, and frequently have redemption features.
The Funds invest a significant portion of their assets in fixed-income securities and/or use derivatives tied to the fixed-income markets. Changes in market interest rates or economic conditions may affect the value and/or liquidity of such investments. Interest rate risk is the risk that prices of bonds and other fixed-income securities will decrease as interest rates rise and increase as interest rates fall. The Funds may be subject to a greater risk of rising interest rates due to the period of historically low interest rates that ended in March 2022. The Federal Reserve has recently raised the federal funds rate as part of its efforts to address inflation. There is a risk that interest rates will continue to rise, which will likely drive down the prices of bonds and other fixed-income securities, and could negatively impact the Funds' performance.
Significant Shareholder Redemption Risk: Certain shareholders may own or manage a substantial amount of fund shares and/or hold their fund investments for a limited period of time. Large redemptions of fund shares by these shareholders may force a fund to sell portfolio securities, which may negatively impact the fund’s NAV, increase the fund’s brokerage costs, and/or accelerate the realization of taxable income/gains and cause the fund to make additional taxable distributions to shareholders.
LIBOR Transition Risk: The Funds may be exposed to financial instruments that recently transitioned from, or continue to be tied to the London Interbank Offered Rate (“LIBOR”) to determine payment obligations, financing terms, hedging strategies or investment value. The United Kingdom’s Financial Conduct Authority, which regulates LIBOR, has ceased publishing all LIBOR settings, but some USD LIBOR settings will continue to be published under a synthetic methodology until September 30, 2024 for certain legacy contracts. SOFR has been used increasingly on a voluntary basis in new instruments and transactions. Under U.S. regulations that implement a statutory fallback mechanism to replace LIBOR, benchmark rates based on SOFR have replaced LIBOR in certain financial contracts. The ultimate effect of the LIBOR transition process on the Funds is uncertain.
882024 iShares Semi-Annual Report to Shareholders
Notes to Financial Statements (unaudited) (continued)
10. CAPITAL SHARE TRANSACTIONS
Capital shares are issued and redeemed by each Fund only in aggregations of a specified number of shares or multiples thereof (“Creation Units”) at NAV. Except when aggregated in Creation Units, shares of each Fund are not redeemable.
Transactions in capital shares were as follows:
| | |
| | | | |
International High Yield Bond | | | | |
| | | | |
| | | | |
| | | | |
J.P. Morgan EM Corporate Bond | | | | |
| | | | |
| | | | |
| | | | |
J.P. Morgan EM High Yield Bond | | | | |
| | | | |
| | | | |
| | | | |
J.P. Morgan EM Local Currency Bond | | | | |
| | | | |
| | | | |
| | | | |
US & Intl High Yield Corp Bond | | | | |
| | | | |
| | | | |
| | | | |
The consideration for the purchase of Creation Units of a fund in the Company generally consists of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Certain funds in the Company may be offered in Creation Units solely or partially for cash in U.S. dollars. Authorized Participants purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to BRIL, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. Authorized Participants transacting in Creation Units for cash may also pay an additional variable charge to compensate the relevant fund for certain transaction costs (i.e., stamp taxes, taxes on currency or other financial transactions, and brokerage costs) and market impact expenses relating to investing in portfolio securities. Such variable charges, if any, are included in shares sold in the table above.
From time to time, settlement of securities related to in-kind contributions or in-kind redemptions may be delayed. In such cases, securities related to in-kind transactions are reflected as a receivable or a payable in the Statements of Assets and Liabilities.
11. SUBSEQUENT EVENTS
Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were available to be issued and has determined that there were no subsequent events requiring adjustment or additional disclosure in the financial statements.
Notes to Financial Statements89
Statement Regarding Liquidity Risk Management Program (unaudited)
In compliance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”), iShares, Inc. (the “Company”) has adopted and implemented a liquidity risk management program (the “Program”) for iShares International High Yield Bond ETF, iShares J.P. Morgan EM Corporate Bond ETF, iShares J.P. Morgan EM High Yield Bond ETF, iShares J.P. Morgan EM Local Currency Bond ETF and iShares US & Intl High Yield Corp Bond ETF (the “Funds” or “ETFs”), each a series of the Company, which is reasonably designed to assess and manage each Fund’s liquidity risk.
The Board of Directors (the “Board”) of the Company, on behalf of the Funds, met on December 8, 2023 (the “Meeting”) to review the Program. The Board previously appointed BlackRock Fund Advisors (“BlackRock”), the investment adviser to the Funds, as the program administrator for each Fund’s Program. BlackRock also previously delegated oversight of the Program to the 40 Act Liquidity Risk Management Committee (the “Committee”). At the Meeting, the Committee, on behalf of BlackRock, provided the Board with a report that addressed the operation of the Program and assessed its adequacy and effectiveness of implementation, including the management of each Fund’s Highly Liquid Investment Minimum (“HLIM”) where applicable, and any material changes to the Program (the “Report”). The Report covered the period from October 1, 2022 through September 30, 2023 (the “Program Reporting Period”).
The Report described the Program’s liquidity classification methodology for categorizing each Fund’s investments (including derivative transactions) into one of four liquidity buckets. It also referenced the methodology used by BlackRock to establish each Fund’s HLIM and noted that the Committee reviews and ratifies the HLIM assigned to each Fund no less frequently than annually. The Report also discussed notable events affecting liquidity over the Program Reporting Period, including extended market holidays, delays in the repatriation of the local currency in certain non-U.S. countries, the continued illiquidity of Russian equity securities and the suspension of select sanctions in Venezuela.
The Report noted that the Program complied with the key factors for consideration under the Liquidity Rule for assessing, managing and periodically reviewing each Fund’s liquidity risk, as follows:
a) The Fund’s investment strategy and liquidity of portfolio investments during both normal and reasonably foreseeable stressed conditions. During the Program Reporting Period, the Committee reviewed whether each Fund’s strategy is appropriate for an open-end fund structure, with a focus on funds with more significant and consistent holdings of less liquid and illiquid assets. The Committee also factored a fund’s concentration in an issuer into the liquidity classification methodology by taking issuer position sizes into account. Derivative exposure was also considered in the calculation of a fund’s liquidity bucketing. Finally, a factor for consideration under the Liquidity Rule is a Fund’s use of borrowings for investment purposes. However, the Funds do not borrow for investment purposes.
b) Short-term and long-term cash flow projections during both normal and reasonably foreseeable stressed conditions. During the Program Reporting Period, the Committee reviewed historical redemption activity and used this information as a component to establish each ETF’s reasonably anticipated trading size utilized for liquidity classifications. The Committee may also take into consideration a fund’s shareholder ownership concentration (which, depending on product type and distribution channel, may or may not be available), a fund’s distribution channels, and the degree of certainty associated with a fund’s short-term and long-term cash flow projections.
c) Holdings of cash and cash equivalents, as well as borrowing arrangements. The Committee considered that ETFs generally do not hold more than de minimis amounts of cash. The Committee also considered that ETFs generally do not engage in borrowing.
d) The relationship between an ETF’s portfolio liquidity and the way in which, and the prices and spreads at which, ETF shares trade, including the efficiency of the arbitrage function and the level of active participation by market participants, including authorized participants. The Committee monitored the prevailing bid/ask spread and the ETF price premium (or discount) to NAV for all ETFs. However, there were no ETFs with persistent deviations of fund premium/discount or bid/ask spreads from long-term averages over the Program Reporting Period.
e) The effect of the composition of baskets on the overall liquidity of an ETF’s portfolio. In reviewing the linkage between the composition of custom baskets accepted by an ETF and any significant change in the liquidity profile of such ETF, the Committee reviewed changes in the proportion of each ETF’s portfolio comprised of less liquid and illiquid holdings to determine if applicable thresholds were met requiring enhanced review. There were no ETFs for which the custom baskets accepted by the ETF had a significant change in its liquidity profile.
There were no material changes to the Program during the Program Reporting Period other than the enhancement of certain model components in the Program’s classification methodology. The Report provided to the Board stated that the Committee concluded that based on the operation of the functions, as described in the Report, the Program is operating as intended and is effective in implementing the requirements of the Liquidity Rule.
902024 iShares Semi-Annual Report to Shareholders
Supplemental Information (unaudited)
Tailored Shareholder Reports for Open-End Mutual Funds and ETFs
Effective January 24, 2023, the SEC adopted rule and form amendments to require open-end mutual funds and ETFs to transmit concise and visually engaging streamlined annual and semiannual reports to shareholders that highlight key information. Other information, including financial statements, will no longer appear in a streamlined shareholder report but must be available online, delivered free of charge upon request, and filed on a semiannual basis on Form N-CSR. The rule and form amendments have a compliance date of July 24, 2024. At this time, management is evaluating the impact of these amendments on the shareholder reports for the Funds.
Supplemental Information91
Electronic Delivery
Shareholders can sign up for e-mail notifications announcing that the shareholder report or prospectus has been posted on the iShares website at iShares.com. Once you have enrolled, you will no longer receive prospectuses and shareholder reports in the mail.
To enroll in electronic delivery:
• Go to icsdelivery.com.
• If your brokerage firm is not listed, electronic delivery may not be available. Please contact your broker-dealer or financial advisor.
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents and Rule 30e-3 notices can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
Availability of Quarterly Schedule of Investments
The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to their reports on Form N-PORT. The Funds’ Forms N-PORT are available on the SEC’s website at sec.gov. Additionally, each Fund makes its portfolio holdings for the first and third quarters of each fiscal year available at iShares.com/fundreports.
Availability of Proxy Voting Policies and Proxy Voting Records
A description of the policies and procedures that the iShares Funds use to determine how to vote proxies relating to portfolio securities and information about how the iShares Funds voted proxies relating to portfolio securities during the most recent twelve-month period ending June 30 is available without charge, upon request (1) by calling toll-free 1-800-474-2737; (2) on the iShares website at iShares.com; and (3) on the SEC website at sec.gov.
A description of the Company’s policies and procedures with respect to the disclosure of the Fund’s portfolio securities is available in the Fund Prospectus. The Fund discloses its portfolio holdings daily and provides information regarding its top holdings in Fund fact sheets at iShares.com.
922024 iShares Semi-Annual Report to Shareholders
Glossary of Terms Used in this Report
|
| Capital Appreciation Bonds |
| Closed Joint Stock Company |
| Constant Maturity Treasury |
| Euro Interbank Offered Rate |
| |
| London Interbank Offered Rate |
| |
| Public Joint Stock Company |
| Real Estate Investment Trust |
| Secured Overnight Financing Rate |
Glossary of Terms Used in this Report93
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Want to know more?
iShares.com | 1-800-474-2737
This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.
Investing involves risk, including possible loss of principal.
The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
The iShares Funds are not sponsored, endorsed, issued, sold or promoted by JPMorgan Chase & Co., Markit Indices Limited or Morningstar, Inc., nor do these companies make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the companies listed above.
©2024 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.
(b) Not Applicable
Not applicable to this semi-annual report.
| Item 3. | Audit Committee Financial Expert. |
Not applicable to this semi-annual report.
| Item 4. | Principal Accountant Fees and Services. |
Not applicable to this semi-annual report.
| Item 5. | Audit Committee of Listed Registrants. |
Not applicable to this semi-annual report.
(a) Schedules of investments are included as part of the reports to shareholders filed under Item 1 of this Form.
(b) Not applicable.
| Item 7. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. |
Not applicable to the registrant.
| Item 8. | Portfolio Managers of Closed-End Management Investment Companies. |
Not applicable to the registrant.
| Item 9. | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers. |
Not applicable to the registrant.
| Item 10. | Submission of Matters to a Vote of Security Holders. |
There were no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board of Directors.
| Item 11. | Controls and Procedures. |
(a) The President (the registrant’s Principal Executive Officer) and Treasurer and Chief Financial Officer (the registrant’s Principal Financial Officer) have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are effective as of a date within 90 days of the filing date of this report, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the Investment Company Act of 1940 and Rules 13a-15(b) or 15d-15(b) under the Exchange Act of 1934.
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
| Item 12. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies. |
Not applicable to the registrant.
| Item 13. | Recovery of Erroneously Awarded Compensation. |
Not applicable
(a)(1) Code of Ethics – See Item 2
(a)(2) Any policy required by the listing standards adopted pursuant to Rule 10D-1 under the Exchange Act (17 CFR 240.10D-1) by the registered national securities exchange or registered national securities association upon which the Registrant’s securities are listed – Not Applicable
(a)(3) Section 302 Certifications are attached
(a)(4) Any written solicitation to purchase securities under Rule 23c-1 – Not Applicable
(a)(5) Change in Registrant’s independent public accountant – Not Applicable
(b) Section 906 Certifications are attached
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
iShares, Inc.
| | | | |
| | By: | | /s/ Jessica Tan |
| | | | Jessica Tan, President (Principal Executive Officer) |
Date: June 24, 2024
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| | | | |
| | By: | | /s/ Jessica Tan |
| | | | Jessica Tan, President (Principal Executive Officer) |
Date: June 24, 2024
| | | | |
| | By: | | /s/ Trent Walker |
| | | | Trent Walker, Treasurer and Chief Financial Officer (Principal Financial Officer) |
Date: June 24, 2024
