Schedule of Investments (unaudited) | iShares® International High Yield Bond ETF |
July 31, 2021 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | |||||||
Corporate Bonds & Notes | |||||||||
Austria — 0.2% | |||||||||
ams AG, 6.00%, 07/31/25 (Call 07/31/22)(a) | EUR | 100 | $ | 126,674 | |||||
Belgium — 0.2% | |||||||||
Telenet Finance Luxembourg Notes Sarl, 3.50%, 03/01/28 (Call 12/01/22)(a) | EUR | 100 | 123,127 | ||||||
Canada — 1.8% | |||||||||
ADLER Group SA, 2.25%, 01/14/29 (Call 10/14/28)(a) | EUR | 200 | 224,518 | ||||||
Banco BPM SpA, 3.25%, 01/14/31 (Call 01/14/26)(a)(b) | EUR | 100 | 120,859 | ||||||
Iccrea Banca SpA, 2.25%, 10/20/25 (Call 10/20/24)(a)(b) | EUR | 100 | 121,989 | ||||||
Mattamy Group Corp., 4.63%, 03/01/28 (Call 03/01/23)(a) | CAD | 50 | 40,839 | ||||||
Parkland Corp./Canada | |||||||||
3.88%, 06/16/26 (Call 06/16/23)(c) | CAD | 100 | 80,955 | ||||||
4.38%, 03/26/29 (Call 03/26/24) | CAD | 100 | 81,286 | ||||||
Parts Europe SA, 6.50%, 07/16/25 (Call 01/09/22)(a) | EUR | 100 | 124,524 | ||||||
Southern Pacific Resource Corp., 8.75%, 01/25/18(c)(d)(e) | CAD | 50 | 0 | (f) | |||||
Videotron Ltd. | |||||||||
3.63%, 06/15/28 (Call 06/15/24)(c) | CAD | 150 | 120,682 | ||||||
4.50%, 01/15/30 (Call 10/15/24) | CAD | 150 | 125,491 | ||||||
5.63%, 06/15/25 (Call 03/15/25) | CAD | 50 | 44,101 | ||||||
5.75%, 01/15/26 (Call 09/15/21)(a) | CAD | 50 | 41,029 | ||||||
VZ Vendor Financing II BV, 2.88%, 01/15/29 (Call 12/18/23)(a) | EUR | 200 | 233,420 | ||||||
1,359,693 | |||||||||
Cayman Islands — 0.2% | |||||||||
UPCB Finance VII Ltd., 3.63%, 06/15/29 (Call 06/15/22)(a) | EUR | 100 | 121,717 | ||||||
Cyprus — 0.2% | |||||||||
Bank of Cyprus PCL, 2.50%, 06/24/27 (Call 06/24/26)(a)(b) | EUR | 100 | 116,369 | ||||||
Denmark — 0.5% | |||||||||
DKT Finance ApS, 7.00%, 06/17/23 (Call 06/17/22)(a) | EUR | 200 | 241,077 | ||||||
TDC AS, 6.88%, 02/23/23(a) | GBP | 100 | 150,016 | ||||||
391,093 | |||||||||
Finland — 1.6% | |||||||||
Nokia OYJ | |||||||||
2.00%, 03/15/24 (Call 12/15/23)(a) | EUR | 100 | 123,780 | ||||||
2.00%, 03/11/26(a) | EUR | 150 | 188,442 | ||||||
2.38%, 05/15/25 (Call 02/15/25)(a) | EUR | 200 | 253,359 | ||||||
SpA Holdings 3 Oy, 3.63%, 02/04/28 (Call 02/04/24)(a) | EUR | 100 | 119,840 | ||||||
Teollisuuden Voima Oyj, 1.38%, 06/23/28 (Call 03/23/28)(a) | EUR | 200 | 239,461 | ||||||
Teollisuuden Voima OYJ, 1.13%, 03/09/26 (Call 12/09/25)(a) | EUR | 200 | 240,375 | ||||||
1,165,257 | |||||||||
France — 11.6% | |||||||||
Accor SA | |||||||||
2.50%, 01/25/24(a) | EUR | 100 | 124,124 | ||||||
3.00%, 02/04/26 (Call 11/04/25)(a) | EUR | 200 | 251,920 | ||||||
Altice France SA/France | |||||||||
2.13%, 02/15/25 (Call 01/29/22)(a) | EUR | 150 | 173,591 | ||||||
3.38%, 01/15/28 (Call 09/15/22)(a) | EUR | 200 | 233,009 | ||||||
4.00%, 07/15/29 (Call 04/15/24)(a) | EUR | 100 | 119,073 | ||||||
5.88%, 02/01/27 (Call 02/01/22)(a) | EUR | 150 | 187,960 | ||||||
Banijay Entertainment SASU, 3.50%, 03/01/25 (Call 03/01/22)(a) | EUR | 200 | 240,071 | ||||||
CAB SELAS, 3.38%, 02/01/28 (Call 02/01/24)(a) | EUR | 200 | 238,965 | ||||||
Casino Guichard Perrachon SA | |||||||||
3.58%, 02/07/25 (Call 11/07/24)(a) | EUR | 200 | 226,148 | ||||||
4.50%, 03/07/24 (Call 12/04/23)(a) | EUR | 100 | 118,626 | ||||||
4.56%, 01/25/23(a) | EUR | 100 | 121,684 | ||||||
5.25%, 04/15/27 (Call 04/15/23)(a) | EUR | 100 | 118,333 |
Security | Par (000) | Value | |||||||
France (continued) | |||||||||
CGG SA, 7.75%, 04/01/27 (Call 04/01/24)(a) | EUR | 100 | $ | 118,722 | |||||
CMA CGM SA | |||||||||
5.25%, 01/15/25 (Call 10/15/21)(a) | EUR | 100 | 120,831 | ||||||
7.50%, 01/15/26 (Call 01/15/23)(a) | EUR | 100 | 131,246 | ||||||
Elis SA | |||||||||
1.00%, 04/03/25 (Call 01/03/25)(a) | EUR | 100 | 118,445 | ||||||
1.63%, 04/03/28 (Call 01/03/28)(a) | EUR | 100 | 118,446 | ||||||
1.75%, 04/11/24 (Call 01/11/24)(a) | EUR | 200 | 243,211 | ||||||
Faurecia SE | |||||||||
2.38%, 06/15/27 (Call 06/15/23)(a) | EUR | 100 | 121,310 | ||||||
2.63%, 06/15/25 (Call 06/15/22)(a) | EUR | 250 | 300,627 | ||||||
3.13%, 06/15/26 (Call 06/15/22)(a) | EUR | 100 | 122,520 | ||||||
3.75%, 06/15/28 (Call 06/15/23)(a) | EUR | 200 | 249,701 | ||||||
Kapla Holding SAS, 3.38%, 12/15/26 (Call 12/15/22)(a) | EUR | 100 | 117,431 | ||||||
La Financiere Atalian SASU, 4.00%, 05/15/24 (Call 05/15/22)(a) | EUR | 200 | 232,289 | ||||||
Loxam SAS | |||||||||
2.88%, 04/15/26 (Call 04/10/22)(a) | EUR | 100 | 118,235 | ||||||
3.25%, 01/14/25 (Call 07/15/22)(a) | EUR | 100 | 119,225 | ||||||
3.50%, 05/03/23(a) | EUR | 200 | 237,077 | ||||||
Orano SA | |||||||||
2.75%, 03/08/28 (Call 12/08/27)(a) | EUR | 100 | 123,704 | ||||||
3.13%, 03/20/23 (Call 12/20/22)(a) | EUR | 100 | 123,464 | ||||||
3.38%, 04/23/26 (Call 01/23/26)(a) | EUR | 100 | 128,383 | ||||||
4.88%, 09/23/24 | EUR | 200 | 268,377 | ||||||
Paprec Holding SA | |||||||||
3.50%, 07/01/28 (Call 07/01/24)(a) | EUR | 100 | 119,409 | ||||||
4.00%, 03/31/25 (Call 03/31/22)(a) | EUR | 100 | 120,562 | ||||||
Picard Bondco SA, 5.38%, 07/01/27 (Call 01/01/24)(a) | EUR | 100 | 119,263 | ||||||
Picard Groupe SA, 3.88%, 07/01/26 (Call 07/01/23)(a) | EUR | 100 | 120,485 | ||||||
Quatrim SASU, 5.88%, 01/15/24 (Call 11/15/21)(a) | EUR | 100 | 122,403 | ||||||
RCI Banque SA, 2.63%, 02/18/30 (Call 02/18/25)(a)(b) | EUR | 200 | 240,907 | ||||||
Renault SA | |||||||||
1.00%, 03/08/23 (Call 12/08/22)(a) | EUR | 100 | 119,635 | ||||||
1.00%, 04/18/24 (Call 01/18/24)(a) | EUR | 100 | 118,813 | ||||||
1.00%, 11/28/25 (Call 08/28/25)(a) | EUR | 100 | 118,097 | ||||||
1.13%, 10/04/27(a) | EUR | 100 | 111,071 | ||||||
1.25%, 06/24/25 (Call 03/24/25)(a) | EUR | 100 | 117,589 | ||||||
2.00%, 09/28/26 (Call 06/28/26)(a) | EUR | 100 | 118,387 | ||||||
2.38%, 05/25/26 (Call 02/25/26)(a) | EUR | 200 | 240,744 | ||||||
2.50%, 04/01/28 (Call 01/01/28)(a) | EUR | 100 | 118,987 | ||||||
Rexel SA, 2.13%, 06/15/28 (Call 06/15/24)(a) | EUR | 100 | 121,459 | ||||||
SPCM SA, 2.63%, 02/01/29 (Call 09/15/23)(a) | EUR | 100 | 121,708 | ||||||
SPIE SA | |||||||||
2.63%, 06/18/26 (Call 12/18/25)(a) | EUR | 100 | 123,592 | ||||||
3.13%, 03/22/24 (Call 09/22/23)(a) | EUR | 100 | 124,299 | ||||||
Tereos Finance Groupe I SA | |||||||||
4.13%, 06/16/23 (Call 03/16/23)(a) | EUR | 100 | 120,048 | ||||||
7.50%, 10/30/25 (Call 10/30/22)(a) | EUR | 100 | 126,497 | ||||||
Valeo | |||||||||
0.63%, 01/11/23 (Call 10/11/22)(a) | EUR | 100 | 119,432 | ||||||
1.50%, 06/18/25 (Call 03/18/25)(a) | EUR | 200 | 246,329 | ||||||
3.25%, 01/22/24(a) | EUR | 200 | 255,760 | ||||||
8,532,224 | |||||||||
Germany — 11.4% | |||||||||
ADLER Group SA | |||||||||
1.50%, 07/26/24 (Call 04/26/24)(a) | EUR | 100 | 114,778 | ||||||
1.88%, 01/14/26 (Call 10/14/25)(a) | EUR | 100 | 114,044 | ||||||
2.25%, 04/27/27 (Call 01/27/27)(a) | EUR | 100 | 113,934 | ||||||
3.25%, 08/05/25 (Call 05/05/25)(a) | EUR | 100 | 120,170 |
1
Schedule of Investments (unaudited) (continued) | iShares® International High Yield Bond ETF |
July 31, 2021 | (Percentages shown are based on Net Assets) |
Par | |||||||||
Security | (000) | Value | |||||||
Germany (continued) | |||||||||
ADLER Real Estate AG | |||||||||
1.88%, 04/27/23 (Call 03/27/23)(a) | EUR | 100 | $ | 117,754 | |||||
3.00%, 04/27/26 (Call 02/27/26)(a) | EUR | 100 | 122,032 | ||||||
Bayer AG | |||||||||
2.38%, 11/12/79 (Call 02/12/25)(a)(b) | EUR | 200 | 240,524 | ||||||
3.13%, 11/12/79 (Call 08/12/27)(a)(b) | EUR | 100 | 124,145 | ||||||
3.75%, 07/01/74 (Call 07/01/24)(a)(b) | EUR | 200 | 250,579 | ||||||
Bertelsmann SE & Co. KGaA | |||||||||
3.00%, 04/23/75 (Call 04/23/23)(a)(b) | EUR | 100 | 123,062 | ||||||
3.50%, 04/23/75 (Call 04/23/27)(a)(b) | EUR | 100 | 129,971 | ||||||
Cheplapharm Arzneimittel GmbH, 4.38%, 01/15/28 (Call 01/15/24)(a) | EUR | 150 | 184,803 | ||||||
Commerzbank AG | |||||||||
4.00%, 03/23/26(a) | EUR | 250 | 336,460 | ||||||
4.00%, 03/30/27(a) | EUR | 100 | 137,360 | ||||||
4.00%, 12/05/30 (Call 09/05/25)(a)(b) | EUR | 100 | 131,439 | ||||||
Deutsche Bank AG | |||||||||
2.75%, 02/17/25(a) | EUR | 125 | 156,738 | ||||||
4.50%, 05/19/26(a) | EUR | 200 | 273,335 | ||||||
5.63%, 05/19/31 (Call 02/19/26)(a)(b) | EUR | 200 | 279,932 | ||||||
Deutsche Lufthansa AG | |||||||||
0.25%, 09/06/24 | EUR | 50 | 57,295 | ||||||
2.00%, 07/14/24 (Call 06/14/24)(a) | EUR | 100 | 118,240 | ||||||
2.88%, 02/11/25 (Call 01/11/25)(a) | EUR | 200 | 241,339 | ||||||
3.00%, 05/29/26 (Call 02/28/26)(a) | EUR | 300 | 359,622 | ||||||
3.50%, 07/14/29 (Call 04/14/29)(a) | EUR | 100 | 120,041 | ||||||
Douglas GmbH, 6.00%, 04/08/26 (Call 04/15/23)(a) | EUR | 200 | 235,639 | ||||||
Gruenenthal GmbH, 4.13%, 05/15/28 (Call 05/15/24)(a) | EUR | 150 | 182,598 | ||||||
K+S AG, 2.63%, 04/06/23 (Call 01/06/23)(a) | EUR | 100 | 121,480 | ||||||
LANXESS AG, 4.50%, 12/06/76 (Call 06/06/23)(a)(b) | EUR | 75 | 94,909 | ||||||
Mahle GmbH, 2.38%, 05/14/28 (Call 02/14/28)(a) | EUR | 200 | 236,091 | ||||||
Nidda BondCo GmbH, 5.00%, 09/30/25 (Call 09/30/21)(a) | EUR | 200 | 237,214 | ||||||
Nidda Healthcare Holding GmbH, 3.50%, 09/30/24 (Call 09/30/21)(a) | EUR | 200 | 237,007 | ||||||
Schaeffler AG | |||||||||
1.88%, 03/26/24 (Call 12/26/23)(a) | EUR | 100 | 122,640 | ||||||
2.75%, 10/12/25(a) | EUR | 200 | 252,973 | ||||||
3.38%, 10/12/28(a) | EUR | 100 | 130,929 | ||||||
Techem Verwaltungsgesellschaft 674 mbH, 6.00%, 07/30/26 (Call 08/09/21)(a) | EUR | 100 | 121,953 | ||||||
Techem Verwaltungsgesellschaft 675 mbH, 2.00%, 07/15/25 (Call 01/15/22)(a) | EUR | 150 | 176,778 | ||||||
thyssenkrupp AG | |||||||||
1.88%, 03/06/23 (Call 02/06/23)(a) | EUR | 250 | 298,097 | ||||||
2.88%, 02/22/24 (Call 11/22/23)(a) | EUR | 300 | 362,153 | ||||||
TK Elevator Midco GmbH, 4.38%, 07/15/27 (Call 07/15/23)(a) | EUR | 100 | 123,988 | ||||||
Vertical Holdco GmbH, 6.63%, 07/15/28 (Call 07/15/23)(a) | EUR | 200 | 252,315 | ||||||
ZF Europe Finance BV | |||||||||
2.00%, 02/23/26 (Call 12/23/25)(a) | EUR | 200 | 241,492 | ||||||
2.50%, 10/23/27 (Call 07/23/27)(a) | EUR | 100 | 122,674 | ||||||
3.00%, 10/23/29 (Call 07/23/29)(a) | EUR | 100 | 124,967 | ||||||
ZF Finance GmbH | |||||||||
2.00%, 05/06/27 (Call 02/06/27)(a) | EUR | 100 | 120,156 | ||||||
2.75%, 05/25/27 (Call 02/25/27)(a) | EUR | 100 | 123,998 | ||||||
3.00%, 09/21/25 (Call 06/21/25)(a) | EUR | 100 | 126,082 | ||||||
3.75%, 09/21/28 (Call 06/21/28)(a) | EUR | 100 | 130,992 | ||||||
ZF North America Capital Inc., 2.75%, 04/27/23(a) | EUR | 200 | 247,088 | ||||||
8,391,810 |
Par | |||||||||
Security | (000 | ) | Value | ||||||
Greece — 1.3% | |||||||||
Alpha Services and Holdings SA, 4.25%, 02/13/30 (Call 02/13/25)(a)(b) | EUR | 100 | $ | 115,394 | |||||
Eurobank SA, 2.00%, 05/05/27 (Call 05/05/26)(a)(b) | EUR | 100 | 118,309 | ||||||
Mytilineos SA, 2.25%, 10/30/26(a) | EUR | 100 | 120,625 | ||||||
National Bank of Greece SA, 2.75%, 10/08/26 (Call 10/08/25)(a)(b) | EUR | 200 | 245,271 | ||||||
Piraeus Financial Holdings SA, 9.75%, 06/26/29 (Call 06/26/24)(a)(b) | EUR | 100 | 126,681 | ||||||
Public Power Corp. SA | |||||||||
3.38%, 07/31/28 (Call 07/31/24)(a) | EUR | 100 | 120,975 | ||||||
3.88%, 03/30/26 (Call 03/30/23)(a) | EUR | 100 | 123,511 | ||||||
970,766 | |||||||||
Ireland — 1.2% | |||||||||
AIB Group PLC | |||||||||
1.88%, 11/19/29 (Call 11/19/24)(a)(b) | EUR | 200 | 243,861 | ||||||
2.88%, 05/30/31 (Call 05/30/26)(a)(b) | EUR | 100 | 127,482 | ||||||
Bank of Ireland Group PLC | |||||||||
1.38%, 08/11/31 (Call 05/11/26)(a)(b) | EUR | 100 | 118,880 | ||||||
2.38%, 10/14/29 (Call 10/14/24)(a)(b) | EUR | 100 | 123,902 | ||||||
eircom Finance DAC | |||||||||
1.75%, 11/01/24 (Call 11/01/21)(a) | EUR | 100 | 118,682 | ||||||
3.50%, 05/15/26 (Call 05/15/22)(a) | EUR | 100 | 121,388 | ||||||
854,195 | |||||||||
Israel — 1.7% | |||||||||
Teva Pharmaceutical Finance Netherlands II BV | |||||||||
1.13%, 10/15/24(a) | EUR | 300 | 337,053 | ||||||
1.25%, 03/31/23 (Call 12/31/22)(a) | EUR | 200 | 233,125 | ||||||
1.63%, 10/15/28(a) | EUR | 150 | 160,748 | ||||||
3.25%, 04/15/22 (Call 01/15/22) | EUR | 100 | 119,762 | ||||||
4.50%, 03/01/25 (Call 12/01/24) | EUR | 200 | 247,471 | ||||||
6.00%, 01/31/25 (Call 01/31/24) | EUR | 100 | 129,262 | ||||||
1,227,421 | |||||||||
Italy — 15.7% | |||||||||
Atlantia SpA | |||||||||
1.63%, 02/03/25(a) | EUR | 100 | 121,568 | ||||||
1.88%, 07/13/27 (Call 04/13/27)(a) | EUR | 275 | 338,475 | ||||||
1.88%, 02/12/28 (Call 11/12/27)(a) | EUR | 100 | 122,383 | ||||||
Autostrade per l’Italia SpA | |||||||||
1.75%, 06/26/26(a) | EUR | 100 | 123,067 | ||||||
1.75%, 02/01/27(a) | EUR | 100 | 122,684 | ||||||
1.88%, 09/26/29 (Call 06/26/29)(a) | EUR | 200 | 246,146 | ||||||
2.00%, 01/15/30 (Call 10/15/29)(a) | EUR | 400 | 494,703 | ||||||
4.38%, 09/16/25(a) | EUR | 100 | 136,377 | ||||||
Banca IFIS SpA, 2.00%, 04/24/23(a) | EUR | 100 | 120,371 | ||||||
Banca Monte dei Paschi di Siena SpA | |||||||||
2.63%, 04/28/25(a) | EUR | 100 | 122,159 | ||||||
3.63%, 09/24/24(a) | EUR | 300 | 375,248 | ||||||
4.00%, 07/10/22(a) | EUR | 100 | 121,150 | ||||||
5.38%, 01/18/28 (Call 01/18/23)(a)(b) | EUR | 100 | 97,272 | ||||||
10.50%, 07/23/29(a) | EUR | 100 | 132,793 | ||||||
Banca Popolare di Sondrio SCPA, 2.38%, 04/03/24(a) | EUR | 100 | 123,972 | ||||||
Banco BPM SpA | |||||||||
0.88%, 07/15/26(a) | EUR | 100 | 118,695 | ||||||
1.75%, 04/24/23(a) | EUR | 109 | 132,999 | ||||||
1.75%, 01/28/25(a) | EUR | 200 | 246,851 | ||||||
4.25%, 10/01/29 (Call 10/01/24)(a)(b) | EUR | 200 | 251,441 | ||||||
4.38%, 09/21/27 (Call 09/21/22)(a)(b) | EUR | 100 | 122,911 | ||||||
BPER Banca, 1.88%, 07/07/25(a) | EUR | 100 | 123,961 | ||||||
Brunello Bidco SpA, 3.50%, 02/15/28 (Call 02/15/24)(a) | EUR | 100 | 118,322 |
2
Schedule of Investments (unaudited) (continued) | iShares® International High Yield Bond ETF |
July 31, 2021 | (Percentages shown are based on Net Assets) |
Par | |||||||||
Security | (000) | Value | |||||||
Italy (continued) | |||||||||
Esselunga SpA, 0.88%, 10/25/23 (Call 07/25/23)(a) | EUR | 100 | $ | 120,601 | |||||
Gamma Bidco SpA, 5.13%, 07/15/25 (Call 07/15/22)(a) | EUR | 200 | 243,354 | ||||||
Iccrea Banca SpA, 4.13%, 11/28/29 (Call 11/28/24)(a)(b) | EUR | 100 | 120,493 | ||||||
IMA Industria Macchine Automatiche SpA, 3.75%, 01/15/28 (Call 01/15/23)(a) | EUR | 100 | 119,213 | ||||||
Infrastrutture Wireless Italiane SpA | |||||||||
1.63%, 10/21/28 (Call 07/21/28)(a) | EUR | 100 | 121,956 | ||||||
1.75%, 04/19/31 (Call 01/19/31)(a) | EUR | 100 | 120,433 | ||||||
1.88%, 07/08/26 (Call 04/08/26)(a) | EUR | 150 | 186,243 | ||||||
Intesa Sanpaolo SpA | |||||||||
2.93%, 10/14/30(a) | EUR | 200 | 256,043 | ||||||
3.93%, 09/15/26(a) | EUR | 175 | 234,525 | ||||||
4.45%, 09/15/27 (Call 09/15/22)(a)(b) | EUR | 150 | 186,205 | ||||||
6.63%, 09/13/23(a) | EUR | 100 | 133,829 | ||||||
Leonardo SpA, 2.38%, 01/08/26 (Call 10/08/25)(a) | EUR | 100 | 124,280 | ||||||
Mediobanca Banca di Credito Finanziario SpA | |||||||||
3.75%, 06/16/26 | EUR | 75 | 98,376 | ||||||
5.75%, 04/18/23 | EUR | 50 | 64,890 | ||||||
Nexi SpA | |||||||||
1.63%, 04/30/26 (Call 01/30/26)(a) | EUR | 200 | 237,632 | ||||||
1.75%, 10/31/24 (Call 07/31/24)(a) | EUR | 100 | 121,357 | ||||||
2.13%, 04/30/29 (Call 01/30/29)(a) | EUR | 150 | 177,186 | ||||||
Rossini Sarl, 6.75%, 10/30/25 (Call 10/30/21)(a) | EUR | 100 | 123,765 | ||||||
Saipem Finance International BV | |||||||||
2.63%, 01/07/25(a) | EUR | 100 | 120,904 | ||||||
3.75%, 09/08/23(a) | EUR | 200 | 248,726 | ||||||
Telecom Italia SpA/Milano | |||||||||
1.63%, 01/18/29 (Call 10/18/28)(a) | EUR | 100 | 116,677 | ||||||
2.38%, 10/12/27 (Call 07/12/27)(a) | EUR | 300 | 370,870 | ||||||
2.50%, 07/19/23(a) | EUR | 100 | 123,411 | ||||||
2.88%, 01/28/26 (Call 10/28/25)(a) | EUR | 418 | 526,695 | ||||||
3.25%, 01/16/23(a) | EUR | 150 | 185,835 | ||||||
3.63%, 01/19/24(a) | EUR | 307 | 390,525 | ||||||
3.63%, 05/25/26(a) | EUR | 100 | 131,796 | ||||||
4.00%, 04/11/24 (Call 01/11/24)(a) | EUR | 125 | 159,717 | ||||||
5.25%, 02/10/22(a) | EUR | 100 | 121,850 | ||||||
UniCredit SpA | |||||||||
2.00%, 09/23/29 (Call 09/23/24)(a)(b) | EUR | 200 | 239,629 | ||||||
2.73%, 01/15/32 (Call 01/15/27)(a)(b) | EUR | 200 | 243,677 | ||||||
4.38%, 01/03/27 (Call 01/03/22)(a)(b) | EUR | 100 | 120,716 | ||||||
6.95%, 10/31/22(a) | EUR | 300 | 385,807 | ||||||
Unione di Banche Italiane SpA | |||||||||
4.38%, 07/12/29 (Call 07/12/24)(a)(b) | EUR | 150 | 193,916 | ||||||
5.88%, 03/04/29 (Call 03/04/24)(a)(b) | EUR | 150 | 200,313 | ||||||
Unipol Gruppo SpA | |||||||||
3.00%, 03/18/25(a) | EUR | 175 | 224,677 | ||||||
3.25%, 09/23/30 (Call 06/23/30)(a) | EUR | 300 | 399,736 | ||||||
Webuild SpA, 1.75%, 10/26/24(a) | EUR | 250 | 295,246 | ||||||
11,504,652 | |||||||||
Japan — 2.0% | |||||||||
SoftBank Group Corp. | |||||||||
2.13%, 07/06/24 (Call 04/06/24)(a) | EUR | 175 | 206,731 | ||||||
2.88%, 01/06/27 (Call 10/06/26)(a) | EUR | 100 | 116,175 | ||||||
3.13%, 09/19/25 (Call 06/21/25)(a) | EUR | 250 | 300,344 | ||||||
3.38%, 07/06/29 (Call 04/06/29)(a) | EUR | 125 | 144,819 | ||||||
3.88%, 07/06/32 (Call 04/06/32)(a) | EUR | 100 | 115,751 | ||||||
4.00%, 04/20/23 (Call 01/20/23)(a) | EUR | 100 | 122,199 | ||||||
4.00%, 09/19/29 (Call 06/21/29)(a) | EUR | 100 | 120,803 |
Par | |||||||||
Security | (000) | Value | |||||||
Japan (continued) | |||||||||
5.00%, 04/15/28 (Call 01/16/28)(a) | EUR | 250 | $ | 322,864 | |||||
1,449,686 | |||||||||
Luxembourg — 4.4% | |||||||||
Altice Financing SA | |||||||||
2.25%, 01/15/25 (Call 01/15/22)(a) | EUR | 100 | 115,001 | ||||||
3.00%, 01/15/28 (Call 01/15/23)(a) | EUR | 200 | 226,822 | ||||||
Altice Finco SA, 4.75%, 01/15/28 (Call 10/15/22)(a) | EUR | 100 | 116,073 | ||||||
Altice France Holding SA | |||||||||
4.00%, 02/15/28 (Call 02/15/23)(a) | EUR | 100 | 114,485 | ||||||
8.00%, 05/15/27 (Call 05/15/22)(a) | EUR | 200 | 254,651 | ||||||
ArcelorMittal SA | |||||||||
0.95%, 01/17/23 (Call 10/17/22)(a) | EUR | 100 | 120,015 | ||||||
1.00%, 05/19/23 (Call 02/19/23)(a) | EUR | 100 | 120,515 | ||||||
1.75%, 11/19/25 (Call 08/19/25)(a) | EUR | 100 | 125,564 | ||||||
2.25%, 01/17/24 (Call 10/17/23)(a) | EUR | 100 | 124,423 | ||||||
Garfunkelux Holdco 3 SA | |||||||||
6.75%, 11/01/25 (Call 11/01/22)(a) | EUR | 100 | 123,017 | ||||||
7.75%, 11/01/25 (Call 11/01/22)(a) | GBP | 100 | 144,118 | ||||||
INEOS Finance PLC | |||||||||
2.13%, 11/15/25 (Call 11/15/21)(a) | EUR | 100 | 118,724 | ||||||
2.88%, 05/01/26 (Call 05/01/22)(a) | EUR | 300 | 362,150 | ||||||
Matterhorn Telecom SA, 3.13%, 09/15/26 (Call 09/15/22)(a) | EUR | 200 | 239,804 | ||||||
Mytilineos Financial Partners SA, 2.50%, 12/01/24 (Call 06/01/24)(a) | EUR | 100 | 121,950 | ||||||
PLT VII Finance Sarl, 4.63%, 01/05/26 (Call 07/15/22)(a) | EUR | 100 | 122,109 | ||||||
SIG Combibloc Purchase Co. Sarl, 2.13%, 06/18/25 (Call 03/18/25)(a) | EUR | 100 | 125,519 | ||||||
Summer BC Holdco A Sarl, 9.25%, 10/31/27 (Call 10/31/22)(a) | EUR | 90 | 115,746 | ||||||
Summer BC Holdco B Sarl, 5.75%, 10/31/26 (Call 10/31/22)(a) | EUR | 150 | 185,986 | ||||||
Vivion Investments Sarl | |||||||||
3.00%, 08/08/24(a) | EUR | 100 | 117,999 | ||||||
3.50%, 11/01/25(a) | EUR | 100 | 119,460 | ||||||
3,214,131 | |||||||||
Netherlands — 3.5% | |||||||||
Lincoln Financing Sarl, 3.63%, 04/01/24 (Call 10/01/21)(a) | EUR | 200 | 239,187 | ||||||
Louis Dreyfus Co. BV | |||||||||
1.63%, 04/28/28 (Call 01/28/28)(a) | EUR | 100 | 121,181 | ||||||
2.38%, 11/27/25 (Call 08/27/25)(a) | EUR | 100 | 125,996 | ||||||
OCI NV, 3.13%, 11/01/24 (Call 11/01/21)(a) | EUR | 200 | 241,323 | ||||||
PPF Telecom Group BV | |||||||||
2.13%, 01/31/25 (Call 10/31/24)(a) | EUR | 200 | 243,955 | ||||||
3.25%, 09/29/27 (Call 06/29/27)(a) | EUR | 100 | 128,030 | ||||||
3.50%, 05/20/24 (Call 02/20/24)(a) | EUR | 100 | 126,491 | ||||||
Q-Park Holding I BV, 2.00%, 03/01/27 (Call 03/01/23)(a) | EUR | 100 | 111,689 | ||||||
Sigma Holdco BV, 5.75%, 05/15/26 (Call 05/15/22)(a) | EUR | 100 | 114,547 | ||||||
SNS Bank NV, 6.25%, 12/31/49(e) | EUR | 50 | 0 | (f) | |||||
Trivium Packaging Finance BV, 3.75%, 08/15/26 (Call 08/15/22)(a) | EUR | 100 | 119,831 | ||||||
United Group BV | |||||||||
3.13%, 02/15/26 (Call 02/15/22)(a) | EUR | 100 | 114,594 | ||||||
3.63%, 02/15/28 (Call 02/15/23)(a) | EUR | 200 | 230,657 | ||||||
4.63%, 08/15/28 (Call 08/15/24)(a) | EUR | 100 | 120,158 | ||||||
4.88%, 07/01/24 (Call 07/01/22)(a) | EUR | 100 | 119,785 | ||||||
UPC Holding BV, 3.88%, 06/15/29 (Call 06/15/22)(a) | EUR | 100 | 121,292 | ||||||
Ziggo Bond Co. BV, 3.38%, 02/28/30 (Call 02/15/25)(a) | EUR | 150 | 176,672 | ||||||
Ziggo BV, 4.25%, 01/15/27 (Call 01/15/22)(a) | EUR | 80 | 97,914 | ||||||
2,553,302 | |||||||||
Norway — 0.3% | |||||||||
Adevinta ASA, 2.63%, 11/15/25 (Call 11/15/22)(a) | EUR | 200 | 242,359 |
3
Schedule of Investments (unaudited) (continued) | iShares® International High Yield Bond ETF |
July 31, 2021 | (Percentages shown are based on Net Assets) |
Par | |||||||||
Security | (000) | Value | |||||||
Portugal — 1.5% | |||||||||
Banco Comercial Portugues SA | |||||||||
1.13%, 02/12/27 (Call 02/12/26)(a)(b) | EUR | 100 | $ | 117,093 | |||||
4.50%, 12/07/27 (Call 12/07/22)(a)(b) | EUR | 100 | 122,304 | ||||||
Caixa Geral de Depositos SA, 5.75%, 06/28/28 (Call 06/28/23)(a)(b) | EUR | 200 | 259,853 | ||||||
EDP - Energias de Portugal SA | |||||||||
1.70%, 07/20/80 (Call 04/20/25)(a)(b) | EUR | 100 | 120,349 | ||||||
1.88%, 08/02/81 (Call 05/02/26)(a)(b) | EUR | 100 | 120,546 | ||||||
4.50%, 04/30/79 (Call 01/30/24)(a)(b) | EUR | 200 | 258,901 | ||||||
Novo Banco SA, 8.50%, 07/06/28 (Call 07/06/23)(a)(b) | EUR | 100 | 120,190 | ||||||
1,119,236 | |||||||||
Spain — 5.2% | |||||||||
Abanca Corp. Bancaria SA, 4.63%, 04/07/30 | |||||||||
(Call 04/07/25)(a)(b) | EUR | 100 | 126,912 | ||||||
Banco de Sabadell SA | |||||||||
0.88%, 06/16/28 (Call 06/16/27)(a)(b) | EUR | 100 | 117,671 | ||||||
1.13%, 03/27/25(a) | EUR | 200 | 242,714 | ||||||
1.75%, 05/10/24(a) | EUR | 100 | 123,231 | ||||||
2.50%, 04/15/31(a)(b) | EUR | 100 | 119,056 | ||||||
5.38%, 12/12/28 (Call 12/12/23)(a)(b) | EUR | 100 | 129,518 | ||||||
5.63%, 05/06/26(a) | EUR | 100 | 138,252 | ||||||
Cellnex Finance Co. SA | |||||||||
0.75%, 11/15/26 (Call 08/15/26)(a) | EUR | 100 | 118,625 | ||||||
1.25%, 01/15/29 (Call 10/15/28)(a) | EUR | 200 | 234,988 | ||||||
1.50%, 06/08/28 (Call 03/08/28)(a) | EUR | 100 | 120,446 | ||||||
2.00%, 02/15/33 (Call 11/15/32)(a) | EUR | 300 | 358,647 | ||||||
Cellnex Telecom SA | |||||||||
1.00%, 04/20/27 (Call 01/20/27)(a) | EUR | 100 | 118,466 | ||||||
1.88%, 06/26/29 (Call 03/26/29) | EUR | 100 | 122,418 | ||||||
2.38%, 01/16/24 (Call 10/16/23)(a) | EUR | 100 | 124,492 | ||||||
2.88%, 04/18/25 (Call 01/18/25)(a) | EUR | 100 | 128,570 | ||||||
Cirsa Finance International Sarl, 6.25%, 12/20/23 (Call 06/20/22)(a) | EUR | 100 | 119,936 | ||||||
ContourGlobal Power Holdings SA | |||||||||
2.75%, 01/01/26 (Call 01/01/23)(a) | EUR | 100 | 121,017 | ||||||
4.13%, 08/01/25 (Call 08/01/21)(a) | EUR | 100 | 121,106 | ||||||
El Corte Ingles SA | |||||||||
3.00%, 03/15/24 (Call 10/15/21)(a) | EUR | 100 | 119,968 | ||||||
3.63%, 03/15/24 (Call 03/15/22)(a) | EUR | 100 | 122,680 | ||||||
Grifols SA | |||||||||
1.63%, 02/15/25 (Call 02/15/22)(a) | EUR | 150 | 179,462 | ||||||
2.25%, 11/15/27 (Call 11/15/22)(a) | EUR | 100 | 120,722 | ||||||
3.20%, 05/01/25 (Call 05/01/22)(a) | EUR | 200 | 239,081 | ||||||
Ibercaja Banco SA, 2.75%, 07/23/30 (Call 07/23/25)(a)(b) | EUR | 100 | 118,253 | ||||||
Repsol International Finance BV, 4.50%, 03/25/75 (Call 03/25/25)(a)(b) | EUR | 175 | 227,365 | ||||||
3,813,596 | |||||||||
Sweden — 3.2% | |||||||||
Akelius Residential Property AB | |||||||||
2.25%, 05/17/81 (Call 02/17/26)(a)(b) | EUR | 100 | 119,762 | ||||||
3.88%, 10/05/78 (Call 10/05/23)(a)(b) | EUR | 100 | 125,552 | ||||||
Fastighets AB Balder | |||||||||
2.87%, 06/02/81 (Call 03/02/26)(a)(b) | EUR | 100 | 118,082 | ||||||
3.00%, 03/07/78 (Call 03/07/23)(a)(b) | EUR | 100 | 120,905 | ||||||
Intrum AB | |||||||||
3.00%, 09/15/27 (Call 09/15/22)(a) | EUR | 100 | 116,873 | ||||||
3.13%, 07/15/24 (Call 07/15/22)(a) | EUR | 100 | 119,116 | ||||||
3.50%, 07/15/26 (Call 07/15/22)(a) | EUR | 175 | 210,720 | ||||||
4.88%, 08/15/25 (Call 08/15/22)(a) | EUR | 200 | 248,552 |
Par | |||||||||
Security | (000) | Value | |||||||
Sweden (continued) | |||||||||
Verisure Holding AB | |||||||||
3.25%, 02/15/27 (Call 02/15/23)(a) | EUR | 150 | $ | 178,456 | |||||
3.50%, 05/15/23 (Call 05/08/22)(a) | EUR | 100 | 119,587 | ||||||
3.88%, 07/15/26 (Call 07/15/22)(a) | EUR | 100 | 121,713 | ||||||
Verisure Midholding AB, 5.25%, 02/15/29 (Call 02/15/24)(a) | EUR | 300 | 366,503 | ||||||
Volvo Car AB | |||||||||
2.00%, 01/24/25 (Call 10/24/24)(a) | EUR | 200 | 248,832 | ||||||
2.13%, 04/02/24 (Call 01/02/24)(a) | EUR | 100 | 123,737 | ||||||
2,338,390 | |||||||||
Switzerland — 0.5% | |||||||||
Dufry One BV | |||||||||
2.00%, 02/15/27 (Call 02/15/22)(a) | EUR | 100 | 111,358 | ||||||
2.50%, 10/15/24 (Call 10/15/21)(a) | EUR | 100 | 117,247 | ||||||
3.38%, 04/15/28 (Call 04/15/24)(a) | EUR | 100 | 117,232 | ||||||
345,837 | |||||||||
United Kingdom — 12.5% | |||||||||
Arqiva Broadcast Finance PLC, 6.75%, 09/30/23 (Call 09/30/21)(a) | GBP | 150 | 213,573 | ||||||
Bellis Acquisition Co. PLC, 3.25%, 02/16/26 (Call 02/24/23)(a) | GBP | 300 | 415,940 | ||||||
Bellis Finco PLC, 4.00%, 02/16/27 (Call 02/24/23)(a) | GBP | 200 | 276,958 | ||||||
British Telecommunications PLC, 1.87%, 08/18/80 (Call 05/18/25)(a)(b) | EUR | 100 | 116,512 | ||||||
Cidron Aida Finco Sarl, 5.00%, 04/01/28 (Call 04/01/24)(a) | EUR | 100 | 119,434 | ||||||
Deuce Finco PLC, 5.50%, 06/15/27 (Call 06/15/23)(a) | GBP | 100 | 138,455 | ||||||
eG Global Finance PLC, 4.38%, 02/07/25 (Call 05/15/22)(a) | EUR | 225 | 262,124 | ||||||
GKN Holdings Ltd., 4.63%, 05/12/32(a) | GBP | 100 | 153,635 | ||||||
Heathrow Finance PLC | |||||||||
4.38%, 03/01/27(a)(g) | GBP | 100 | 141,172 | ||||||
5.25%, 03/01/24 (Call 12/01/23)(a)(b) | GBP | 100 | 145,290 | ||||||
Iceland Bondco PLC, 4.38%, 05/15/28 (Call 02/15/24)(a) | GBP | 100 | 128,738 | ||||||
INEOS Quattro Finance 2 PLC, 2.50%, 01/15/26 (Call 01/15/23)(a) | EUR | 100 | 119,624 | ||||||
INEOS Styrolution Group GmbH, 2.25%, 01/16/27 (Call 01/15/23)(a) | EUR | 200 | 234,124 | ||||||
International Consolidated Airlines Group SA | |||||||||
0.50%, 07/04/23 (Call 04/04/23)(a) | EUR | 100 | 114,998 | ||||||
1.50%, 07/04/27 (Call 04/04/27)(a) | EUR | 100 | 107,225 | ||||||
2.75%, 03/25/25 (Call 12/25/24)(a) | EUR | 100 | 118,383 | ||||||
3.75%, 03/25/29 (Call 12/25/28)(a) | EUR | 100 | 118,210 | ||||||
Jaguar Land Rover Automotive PLC | |||||||||
2.20%, 01/15/24(a) | EUR | 100 | 116,745 | ||||||
3.88%, 03/01/23(a) | GBP | 100 | 140,576 | ||||||
4.50%, 01/15/26 (Call 10/15/25)(a) | EUR | 150 | 184,104 | ||||||
4.50%, 07/15/28 (Call 07/15/24)(a) | EUR | 100 | 119,618 | ||||||
5.88%, 11/15/24 (Call 08/15/24)(a) | EUR | 100 | 128,125 | ||||||
Jerrold Finco PLC, 5.25%, 01/15/27 (Call 01/15/23)(a) | GBP | 100 | 144,595 | ||||||
Marks & Spencer PLC | |||||||||
3.75%, 05/19/26 (Call 02/19/26)(a) | GBP | 100 | 144,465 | ||||||
6.00%, 06/12/25(a) | GBP | 100 | 155,882 | ||||||
Modulaire Global Finance PLC, 6.50%, 02/15/23 (Call 02/15/22)(a) | EUR | 100 | 121,046 | ||||||
Motion Finco Sarl, 7.00%, 05/15/25 (Call 05/15/22)(a) | EUR | 100 | 125,142 | ||||||
NGG Finance PLC | |||||||||
1.63%, 12/05/79 (Call 12/05/24)(a)(b) | EUR | 100 | 120,262 | ||||||
2.13%, 09/05/82 (Call 06/05/27)(a)(b) | EUR | 100 | 121,164 | ||||||
5.63%, 06/18/73 (Call 06/18/25)(a)(b) | GBP | 200 | 310,724 | ||||||
Pinewood Finance Co. Ltd., 3.25%, 09/30/25 (Call 09/30/21)(a) | GBP | 100 | 141,105 | ||||||
Pinnacle Bidco PLC, 5.50%, 02/15/25 (Call 01/15/22)(a) | EUR | 100 | 121,330 |
4
Schedule of Investments (unaudited) (continued) | iShares® International High Yield Bond ETF |
July 31, 2021 | (Percentages shown are based on Net Assets) |
Par | |||||||||
Security | (000) | Value | |||||||
United Kingdom (continued) | |||||||||
Rolls-Royce PLC | |||||||||
0.88%, 05/09/24 (Call 02/09/24)(a) | EUR | 200 | $ | 233,172 | |||||
1.63%, 05/09/28 (Call 02/09/28)(a) | EUR | 100 | 109,931 | ||||||
4.63%, 02/16/26 (Call 11/16/25)(a) | EUR | 100 | 128,714 | ||||||
5.75%, 10/15/27 (Call 07/15/27)(a) | GBP | 100 | 151,778 | ||||||
Stonegate Pub Co. Financing 2019 PLC, 8.25%, 07/31/25 (Call 07/31/22)(a) | GBP | 200 | 292,097 | ||||||
Thames Water Utilities Finance PLC | |||||||||
2.88%, 05/03/27(a) | GBP | 200 | 289,887 | ||||||
5.75%, 09/13/30 (Call 09/13/22)(b) | GBP | 100 | 145,454 | ||||||
Victoria PLC, 3.63%, 08/24/26 (Call 02/28/23)(a) | EUR | 200 | 241,836 | ||||||
Virgin Media Finance PLC, 3.75%, 07/15/30 (Call 07/15/25)(a) | EUR | 100 | 118,742 | ||||||
Virgin Media Secured Finance PLC | |||||||||
4.13%, 08/15/30 (Call 08/15/25)(a) | GBP | 100 | 137,946 | ||||||
4.25%, 01/15/30 (Call 10/10/24)(a) | GBP | 100 | 138,916 | ||||||
5.00%, 04/15/27 (Call 04/15/22)(a) | GBP | 200 | 288,607 | ||||||
5.25%, 05/15/29 (Call 05/15/24)(a) | GBP | 100 | 146,601 | ||||||
Vmed O2 UK Financing I PLC | |||||||||
3.25%, 01/31/31 (Call 01/31/26)(a) | EUR | 100 | 119,627 | ||||||
4.00%, 01/31/29 (Call 01/31/24)(a) | GBP | 100 | 137,643 | ||||||
4.50%, 07/15/31 (Call 07/15/26)(a) | GBP | 200 | 280,619 | ||||||
Vodafone Group PLC | |||||||||
3.10%, 01/03/79 (Call 01/03/24)(a)(b) | EUR | 300 | 371,501 | ||||||
4.88%, 10/03/78 (Call 10/03/25)(a)(b) | GBP | 100 | 150,790 | ||||||
Series NC10, 3.00%, 08/27/80 (Call 05/27/30)(a)(b) | EUR | 250 | 308,596 | ||||||
Series NC6, 2.63%, 08/27/80 (Call 05/27/26)(a)(b) | EUR | 200 | 247,410 | ||||||
9,159,145 | |||||||||
United States — 17.3% | |||||||||
Adient Global Holdings Ltd., 3.50%, 08/15/24 (Call 05/15/24)(a) | EUR | 175 | 212,500 | ||||||
Allied Universal Holdco LLC/Allied Universal Finance | |||||||||
Corp/Atlas Luxco 4 Sarl | |||||||||
3.63%, 06/01/28 (Call 06/01/24)(a) | EUR | 100 | 117,780 | ||||||
4.88%, 06/01/28 (Call 06/01/24)(a) | GBP | 100 | 138,058 | ||||||
Alpha Bank AE, 5.50%, 06/11/31 (Call 03/11/26)(a)(b) | EUR | 100 | 118,976 | ||||||
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC | |||||||||
2.00%, 09/01/28 (Call 05/15/24)(a) | EUR | 100 | 119,407 | ||||||
3.00%, 09/01/29 (Call 05/15/24)(a) | EUR | 100 | 118,775 | ||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc. | |||||||||
2.13%, 08/15/26 (Call 08/15/22)(a) | EUR | 200 | 237,303 | ||||||
4.75%, 07/15/27 (Call 07/15/22)(a) | GBP | 100 | 142,044 | ||||||
Ashland Services BV, 2.00%, 01/30/28 (Call 11/01/27)(a) | EUR | 100 | 120,460 | ||||||
Avantor Funding Inc., 2.63%, 11/01/25 (Call 11/01/22)(a) | EUR | 200 | 243,368 | ||||||
Avis Budget Finance PLC | |||||||||
4.13%, 11/15/24 (Call 11/15/21)(a) | EUR | 100 | 120,785 | ||||||
4.75%, 01/30/26 (Call 09/30/21)(a) | EUR | 100 | 120,549 | ||||||
Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25 (Call 01/15/22)(a) | EUR | 100 | 120,464 | ||||||
Ball Corp. | |||||||||
0.88%, 03/15/24 (Call 12/15/23) | EUR | 100 | 119,725 | ||||||
1.50%, 03/15/27 | EUR | 100 | 120,693 | ||||||
4.38%, 12/15/23 | EUR | 100 | 130,187 | ||||||
Banff Merger Sub Inc., 8.38%, 09/01/26 (Call 09/01/21)(a) | EUR | 100 | 123,958 | ||||||
Belden Inc., 3.88%, 03/15/28 (Call 03/06/23)(a) | EUR | 250 | 307,906 | ||||||
Boxer Parent Co. Inc., 6.50%, 10/02/25 (Call 06/01/22)(a) | EUR | 100 | 124,957 | ||||||
BPER Banca, 1.38%, 03/31/27 (Call 03/31/26)(a)(b) | EUR | 100 | 120,106 | ||||||
Carnival PLC, 1.00%, 10/28/29 (Call 07/28/29) | EUR | 100 | 94,756 | ||||||
Catalent Pharma Solutions Inc., 2.38%, 03/01/28 (Call 03/01/23)(a) | EUR | 150 | 178,918 |
Par | |||||||||
Security | (000) | Value | |||||||
United States (continued) | |||||||||
Chemours Co. (The), 4.00%, 05/15/26 (Call 05/15/22) | EUR | 100 | $ | 120,980 | |||||
Clarios Global LP/Clarios US Finance Co., 4.38%, 05/15/26 (Call 05/15/22)(a) | EUR | 125 | 153,028 | ||||||
Cogent Communications Group Inc., 4.38%, 06/30/24 (Call 06/30/22)(a) | EUR | 100 | 120,901 | ||||||
Constellium SE, 3.13%, 07/15/29 (Call 07/15/24)(a) | EUR | 100 | 117,693 | ||||||
Coty Inc. | |||||||||
3.88%, 04/15/26 (Call 04/15/23)(a) | EUR | 100 | 118,967 | ||||||
4.75%, 04/15/26 (Call 04/15/22)(a) | EUR | 100 | 115,131 | ||||||
Crown European Holdings SA | |||||||||
0.75%, 02/15/23 (Call 01/16/23)(a) | EUR | 100 | 119,098 | ||||||
2.25%, 02/01/23 (Call 11/01/22)(a) | EUR | 100 | 121,287 | ||||||
2.63%, 09/30/24 (Call 03/30/24)(a) | EUR | 125 | 155,621 | ||||||
2.88%, 02/01/26 (Call 08/01/25)(a) | EUR | 100 | 126,522 | ||||||
Darling Global Finance BV, 3.63%, 05/15/26 (Call 05/15/22)(a) | EUR | 100 | 120,648 | ||||||
Encore Capital Group Inc., 5.38%, 02/15/26 (Call 11/15/22)(a) | GBP | 100 | 145,907 | ||||||
Energizer Gamma Acquisition BV, 3.50%, 06/30/29 (Call 06/16/24)(a) | EUR | 100 | 118,727 | ||||||
Fluor Corp., 1.75%, 03/21/23 (Call 12/21/22) | EUR | 100 | 120,742 | ||||||
Ford Credit Canada Co. | |||||||||
3.50%, 11/30/23 | CAD | 100 | 81,771 | ||||||
3.74%, 05/08/23 | CAD | 75 | 61,773 | ||||||
4.46%, 11/13/24 | CAD | 100 | 84,543 | ||||||
Ford Motor Credit Co. LLC | |||||||||
1.36%, 02/07/25 | EUR | 100 | 119,683 | ||||||
1.51%, 02/17/23 | EUR | 100 | 120,466 | ||||||
1.74%, 07/19/24 | EUR | 100 | 121,199 | ||||||
2.33%, 11/25/25 | EUR | 100 | 124,155 | ||||||
2.39%, 02/17/26 | EUR | 225 | 280,264 | ||||||
2.75%, 06/14/24 | GBP | 200 | 283,096 | ||||||
3.02%, 03/06/24 | EUR | 100 | 124,900 | ||||||
3.25%, 09/15/25 | EUR | 100 | 128,706 | ||||||
Hanesbrands Finance Luxembourg SCA, 3.50%, 06/15/24 (Call 03/15/24)(a) | EUR | 100 | 125,744 | ||||||
International Game Technology PLC | |||||||||
3.50%, 07/15/24 (Call 01/15/24)(a) | EUR | 225 | 279,962 | ||||||
3.50%, 06/15/26 (Call 06/15/22)(a) | EUR | 150 | 181,899 | ||||||
IQVIA Inc. | |||||||||
1.75%, 03/15/26 (Call 03/15/23)(a) | EUR | 100 | 120,313 | ||||||
2.25%, 01/15/28 (Call 07/15/22)(a) | EUR | 150 | 180,018 | ||||||
2.25%, 03/15/29 (Call 03/15/24)(a) | EUR | 200 | 238,759 | ||||||
2.88%, 09/15/25 (Call 09/15/21)(a) | EUR | 100 | 119,810 | ||||||
Iron Mountain UK PLC, 3.88%, 11/15/25 (Call 11/15/21)(a) | GBP | 100 | 140,739 | ||||||
Kraft Heinz Foods Co. | |||||||||
2.00%, 06/30/23 (Call 03/30/23)(a) | EUR | 200 | 245,174 | ||||||
2.25%, 05/25/28 (Call 02/25/28)(a) | EUR | 200 | 260,685 | ||||||
4.13%, 07/01/27 (Call 04/01/27)(a) | GBP | 100 | 155,885 | ||||||
Levi Strauss & Co., 3.38%, 03/15/27 (Call 03/15/22) | EUR | 100 | 122,385 | ||||||
Liberty Mutual Group Inc., 3.63%, 05/23/59 (Call 05/23/24)(a)(b) | EUR | 100 | 123,494 | ||||||
Mauser Packaging Solutions Holding Co., 4.75%, 04/15/24 (Call 04/15/22)(a) | EUR | 100 | 118,375 | ||||||
MPT Operating Partnership LP/MPT Finance Corp. | |||||||||
2.50%, 03/24/26 (Call 02/24/26) | GBP | 100 | 141,917 | ||||||
3.33%, 03/24/25 (Call 12/24/24) | EUR | 100 | 128,356 | ||||||
3.38%, 04/24/30 (Call 01/24/30) | GBP | 100 | 144,806 | ||||||
3.69%, 06/05/28 (Call 04/05/28) | GBP | 100 | 148,779 | ||||||
4.00%, 08/19/22 (Call 05/19/22) | EUR | 100 | 122,417 | ||||||
Netflix Inc. | |||||||||
3.00%, 06/15/25 (Call 03/15/25)(a) | EUR | 100 | 129,428 |
5
Schedule of Investments (unaudited) (continued) | iShares® International High Yield Bond ETF |
July 31, 2021 | (Percentages shown are based on Net Assets) |
Security | Par/ Shares (000) | Value | |||||||
United States (continued) | |||||||||
3.63%, 05/15/27 | EUR | 150 | $ | 206,360 | |||||
3.63%, 06/15/30 (Call 03/15/30)(a) | EUR | 250 | 357,946 | ||||||
3.88%, 11/15/29(a) | EUR | 200 | 289,128 | ||||||
4.63%, 05/15/29 | EUR | 200 | 300,792 | ||||||
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29 (Call 04/15/24)(a) | EUR | 100 | 122,874 | ||||||
OI European Group BV, 3.13%, 11/15/24 (Call 08/15/24)(a) | EUR | 200 | 245,909 | ||||||
Organon & Co./Organon Foreign Debt Co-Issuer BV., 2.88%, 04/30/28 (Call 04/30/24)(a) | EUR | 200 | 241,427 | ||||||
Playtech PLC, 3.75%, 10/12/23 (Call 10/12/21)(a) | EUR | 100 | 120,083 | ||||||
Primo Water Holdings Inc., 3.88%, 10/31/28 (Call 10/31/23)(a) | EUR | 100 | 121,155 | ||||||
Scientific Games International Inc., 5.50%, 02/15/26 (Call 02/15/22)(a) | EUR | 100 | 120,938 | ||||||
Sealed Air Corp., 4.50%, 09/15/23 (Call 06/15/23)(a) | EUR | 100 | 127,713 | ||||||
Silgan Holdings Inc. | |||||||||
2.25%, 06/01/28 (Call 03/01/23) | EUR | 100 | 119,229 | ||||||
3.25%, 03/15/25 (Call 03/15/22) | EUR | 100 | 119,615 | ||||||
Spectrum Brands Inc., 4.00%, 10/01/26 (Call 10/01/21)(a) | EUR | 100 | 120,952 | ||||||
Standard Industries Inc./NJ, 2.25%, 11/21/26 (Call 08/21/26)(a) | EUR | 100 | 116,836 | ||||||
Videotron Ltd., 3.13%, 01/15/31 (Call 01/15/26) | CAD | 50 | 37,826 | ||||||
WMG Acquisition Corp., 3.63%, 10/15/26 (Call 10/15/21)(a) | EUR | 100 | 121,356 | ||||||
12,676,567 | |||||||||
Total Corporate Bonds & Notes — 98.0% | |||||||||
(Cost: $69,106,604) | 71,797,247 | ||||||||
Common Stocks | |||||||||
South Africa — 0.0% | |||||||||
Sentry Holdings Ltd.Class A | 0 | (h) | 0 | (f) | |||||
Total Common Stocks — 0.0% | |||||||||
(Cost: $159,437) | 0 | (f) |
Security |
Shares (000) | Value | ||||||
Short-Term Investments | ||||||||
Money Market Funds — 0.0% | ||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(i)(j) | 20 | $ | 20,000 | |||||
Total Short-Term Investments — 0.0% | ||||||||
(Cost: $20,000) | 20,000 | |||||||
Total Investments in Securities — 98.0% | ||||||||
(Cost: $69,286,041) | 71,817,247 | |||||||
Other Assets, Less Liabilities — 2.0% | 1,465,125 | |||||||
Net Assets — 100.0% | $ | 73,282,372 |
(a) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
(b) | 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. |
(c) | 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. |
(d) | Issuer filed for bankruptcy and/or is in default. |
(e) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(f) | Rounds to less than $1. |
(g) | 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. |
(h) | Rounds to less than 1,000. |
(i) | Affiliate of the Fund. |
(j) | Annualized 7-day yield as of period-end. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/20 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 07/31/21 | Shares Held at 07/31/21 (000) | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | $ | 40,000 | $ | — | $ | (20,000 | )(a) | $ | — | $ | — | $ | 20,000 | 20 | $ | 5 | $ | — |
(a) | Represents net amount purchased (sold). |
Fair Value Measurements
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 Global 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
6
Schedule of Investments (unaudited) (continued) | iShares® International High Yield Bond ETF |
July 31, 2021 |
Fair Value Measurements (continued)
determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of July 31, 2021. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments | ||||||||||||||||
Assets | ||||||||||||||||
Corporate Bonds & Notes | $ | — | $71,797,247 | $ | 0 | (a) | $71,797,247 | |||||||||
Common Stocks | — | 0 | (a) | — | 0 | (a) | ||||||||||
Money Market Funds | 20,000 | — | — | 20,000 | ||||||||||||
$ | 20,000 | $71,797,247 | $ | 0 | (a) | $71,817,247 |
(a) | Rounds to less than $1. |
Portfolio Abbreviations - Fixed Income
CAB | Capital Appreciation Bonds |
Currency Abbreviations
CAD | Canadian Dollar |
EUR | Euro |
GBP | British Pound |
7