Schedule of Investments (unaudited) | iShares® J.P. Morgan EM High Yield Bond ETF |
January 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Corporate Bonds & Notes | ||||||||
Argentina — 0.8% | ||||||||
Pampa Energia SA, 7.50%, 01/24/27 (Call 03/01/24)(a) | $ | 250 | $ | 236,500 | ||||
Transportadora de Gas del Sur SA, 6.75%, 05/02/25 (Call 01/08/24)(a) | 300 | 287,400 | ||||||
YPF SA | ||||||||
6.95%, 07/21/27(a) | 400 | 353,120 | ||||||
7.00%, 09/30/33(a) | 300 | 251,250 | ||||||
7.00%, 12/15/47 (Call 06/15/47)(a) | 250 | 181,250 | ||||||
8.50%, 07/28/25(a) | 600 | 579,000 | ||||||
9.00%, 02/12/26(a) | 242 | 241,670 | ||||||
9.00%, 06/30/29(a) | 350 | 338,933 | ||||||
9.50%, 01/17/31 (Call 10/17/30)(b)(c) | 400 | 399,720 | ||||||
2,868,843 | ||||||||
Azerbaijan — 0.3% | ||||||||
Southern Gas Corridor CJSC, 6.88%, 03/24/26(a) | 1,000 | 1,011,250 | ||||||
Bahrain — 0.2% | ||||||||
AUB Sukuk Ltd., 2.62%, 09/09/26(a) | 200 | 183,100 | ||||||
Oil and Gas Holding Co. BSCC (The), 7.50%, 10/25/27(a) | 600 | 626,625 | ||||||
809,725 | ||||||||
Brazil — 8.2% | ||||||||
Acu Petroleo Luxembourg SARL, 7.50%, 01/13/32 (Call 01/13/27)(a) | 242 | 231,152 | ||||||
Adecoagro SA, 6.00%, 09/21/27(a) | 200 | 194,300 | ||||||
Aegea Finance Sarl, 9.00%, 01/20/31 (Call 01/20/27)(a) | 200 | 210,400 | ||||||
Aegea Finance SARL, 6.75%, 05/20/29 (Call 05/20/25)(a) | 400 | 387,340 | ||||||
Amaggi Luxembourg International Sarl, 5.25%, 01/28/28(a) | 400 | 387,750 | ||||||
Azul Secured Finance LLP | ||||||||
10.88%, 05/28/30(a) | 375 | 308,789 | ||||||
11.93%, 08/28/28(a) | 400 | 405,250 | ||||||
B3 SA - Brasil Bolsa Balcao, 4.13%, 09/20/31(a) | 400 | 347,500 | ||||||
Banco Bradesco SA/Cayman Islands, 4.38%, 03/18/27(a)(c) | 200 | 193,430 | ||||||
Banco BTG Pactual SA/Cayman Islands, 2.75%, 01/11/26 (Call 12/11/25)(a)(c) | 200 | 188,063 | ||||||
Banco do Brasil SA/Cayman | ||||||||
3.25%, 09/30/26(a) | 400 | 377,280 | ||||||
4.88%, 01/11/29(a) | 400 | 386,250 | ||||||
6.25%, 04/18/30(a) | 400 | 406,380 | ||||||
6.25%, (Call 04/15/24), (10-year CMT + 4.398%)(a)(c)(d)(e) | 1,000 | 990,000 | ||||||
9.00%, (Call 06/18/24), (10-year CMT + 6.362%)(a)(c)(d)(e) | 400 | 401,750 | ||||||
Banco Votorantim SA, 4.38%, 07/29/25(a) | 200 | 194,125 | ||||||
Braskem America Finance Co., 7.13%, 07/22/41 (Call 01/22/41)(a) | 200 | 169,560 | ||||||
Braskem Netherlands Finance BV | ||||||||
4.50%, 01/10/28 (Call 10/10/27)(a) | 600 | 517,350 | ||||||
4.50%, 01/31/30 (Call 10/31/29)(a) | 800 | 630,480 | ||||||
5.88%, 01/31/50(a) | 400 | 281,920 | ||||||
7.25%, 02/13/33 (Call 11/13/32)(a) | 600 | 531,000 | ||||||
8.50%, 01/12/31 (Call 11/12/30)(a) | 400 | 378,992 | ||||||
8.50%, 01/23/81 (Call 10/24/25), (5-year CMT + 8.220%)(a)(e) | 400 | 386,000 |
Security | Par (000) | Value | ||||||
Brazil (continued) | ||||||||
BRF SA | ||||||||
4.88%, 01/24/30 (Call 10/24/29)(a) | $ | 200 | $ | 176,438 | ||||
5.75%, 09/21/50 (Call 03/21/50)(a) | 400 | 289,920 | ||||||
Centrais Eletricas Brasileiras SA, 4.63%, 02/04/30(a) | 400 | 360,000 | ||||||
Cosan Luxembourg SA | ||||||||
5.50%, 09/20/29 (Call 09/20/24)(a) | 400 | 376,375 | ||||||
7.25%, 06/27/31 (Call 06/27/27)(b) | 200 | 200,940 | ||||||
7.50%, 06/27/30 (Call 06/27/26)(a) | 200 | 205,000 | ||||||
Cosan Overseas Ltd., 8.25%, (Call 05/05/24)(a)(d) | 200 | 200,250 | ||||||
CSN Inova Ventures, 6.75%, 01/28/28 (Call 03/01/24)(a) | 600 | 574,500 | ||||||
CSN Resources SA | ||||||||
4.63%, 06/10/31 (Call 06/10/26)(a) | 400 | 322,500 | ||||||
5.88%, 04/08/32 (Call 04/08/27)(a) | 200 | 170,500 | ||||||
8.88%, 12/05/30 (Call 12/05/26)(b)(c) | 400 | 410,000 | ||||||
Embraer Netherlands Finance BV | ||||||||
5.40%, 02/01/27(c) | 300 | 297,000 | ||||||
7.00%, 07/28/30 (Call 04/28/30)(a) | 400 | 418,900 | ||||||
FS Luxembourg Sarl, 10.00%, 12/15/25(a) | 200 | 208,350 | ||||||
Globo Comunicacao e Participacoes SA, 4.88%, 01/22/30(a) | 200 | 168,750 | ||||||
Itau Unibanco Holding SA/Cayman Island | ||||||||
3.88%, 04/15/31 (Call 04/15/26), (5-year CMT + 3.446%)(a)(c)(e) | 400 | 384,600 | ||||||
4.50%, 11/21/29 (Call 11/21/24), | ||||||||
(5-year CMT + 2.822%)(a)(c)(e) | 400 | 392,100 | ||||||
4.63%, (Call 02/27/25), | ||||||||
(5-year CMT + 3.222%)(a)(d)(e) | 200 | 181,500 | ||||||
7.72%, (Call 06/12/24), | ||||||||
(5-year CMT + 3.981%)(a)(d)(e) | 600 | 595,875 | ||||||
7.86%, (Call 03/19/24), | ||||||||
(5-year CMT + 3.863%)(a)(d)(e) | 400 | 397,750 | ||||||
Klabin Austria GmbH | ||||||||
3.20%, 01/12/31 (Call 10/12/30)(a) | 200 | 165,000 | ||||||
5.75%, 04/03/29 (Call 01/03/29)(a) | 400 | 400,130 | ||||||
7.00%, 04/03/49 (Call 10/03/48)(a) | 400 | 400,720 | ||||||
MARB BondCo PLC, 3.95%, 01/29/31 (Call 01/29/26)(a) | 600 | 476,400 | ||||||
MC Brazil Downstream Trading SARL, 7.25%, 06/30/31(a) | 761 | 585,435 | ||||||
MercadoLibre Inc., 3.13%, 01/14/31 (Call 10/14/30) | 400 | 334,500 | ||||||
Minerva Luxembourg SA | ||||||||
4.38%, 03/18/31 (Call 03/18/26)(a) | 600 | 491,250 | ||||||
8.88%, 09/13/33(a) | 600 | 628,200 | ||||||
NBM U.S. Holdings Inc., 7.00%, 05/14/26 (Call 03/01/24)(a) | 400 | 400,125 | ||||||
Petrobras Global Finance BV | ||||||||
5.09%, 01/15/30(c) | 250 | 239,381 | ||||||
5.50%, 06/10/51 (Call 12/10/50)(c) | 350 | 287,875 | ||||||
5.60%, 01/03/31 (Call 10/03/30)(c) | 575 | 556,896 | ||||||
6.00%, 01/27/28(c) | 626 | 632,260 | ||||||
6.50%, 07/03/33 (Call 04/03/33)(c) | 400 | 396,000 | ||||||
6.75%, 01/27/41(c) | 400 | 393,580 | ||||||
6.85%, (c) | 650 | 599,820 | ||||||
6.88%, 01/20/40 | 350 | 351,645 | ||||||
6.90%, 03/19/49(c) | 400 | 390,000 | ||||||
7.25%, 03/17/44(c) | 416 | 427,440 | ||||||
7.38%, 01/17/27(c) | 300 | 313,402 | ||||||
Petrorio Luxembourg Trading Sarl, 6.13%, 06/09/26 (Call 06/09/24)(a) | 400 | 390,500 |
1
Schedule of Investments (unaudited) (continued) | iShares® J.P. Morgan EM High Yield Bond ETF |
January 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Brazil (continued) | ||||||||
Rede D'or Finance Sarl | ||||||||
4.50%, 01/22/30 (Call 10/22/29)(a) | $ | 300 | $ | 265,200 | ||||
4.95%, 01/17/28 (Call 10/17/27)(a) | 400 | 376,875 | ||||||
Rumo Luxembourg Sarl | ||||||||
4.20%, 01/18/32 (Call 01/18/27)(a) | 200 | 167,300 | ||||||
5.25%, 01/10/28 (Call 01/10/24)(a) | 200 | 191,063 | ||||||
Samarco Mineracao SA, 9.50%, 06/30/31, (9.00% PIK)(b)(f) | 1,800 | 1,494,900 | ||||||
Simpar Europe SA, 5.20%, 01/26/31(a) | 200 | 170,820 | ||||||
StoneCo Ltd., 3.95%, 06/16/28 (Call 05/16/28)(a) | 300 | 257,906 | ||||||
Usiminas International Sarl, 5.88%, 07/18/26 (Call 03/01/24)(a) | 400 | 388,875 | ||||||
XP Inc., 3.25%, 07/01/26 (Call 06/01/26)(a) | 400 | 371,375 | ||||||
27,381,182 | ||||||||
Burkina Faso — 0.1% | ||||||||
Endeavour Mining PLC, 5.00%, 10/14/26 (Call 01/29/24)(a) | 200 | 183,500 | ||||||
Chile — 0.3% | ||||||||
AES Andes SA., 7.13%, 03/26/79 (Call 04/07/24), (5-year USD Swap + 4.644%)(a)(e) | 200 | 192,000 | ||||||
Agrosuper SA, 4.60%, 01/20/32 (Call 10/20/31)(a) | 200 | 170,000 | ||||||
Falabella SA, 3.38%, 01/15/32 (Call 10/15/31)(a) | 200 | 148,000 | ||||||
Latam Airlines Group SA, 13.38%, 10/15/29 (Call 10/15/25)(a) | 400 | 458,000 | ||||||
968,000 | ||||||||
China — 3.0% | ||||||||
Agile Group Holdings Ltd., 7.88%, (Call 07/31/24), (5-year CMT + 11.294%)(a)(d)(e)(g)(h) | 600 | 21,000 | ||||||
Bank of Communications Co. Ltd., 3.80%, (Call 11/18/25), (5-year CMT + 3.345%)(a)(d)(e) | 1,300 | 1,261,000 | ||||||
Central Plaza Development Ltd., 5.75%, (Call 11/14/24), (5-year CMT + 8.066%)(a)(d)(e) | 400 | 376,040 | ||||||
China Great Wall International Holdings III Ltd., 3.88%, 08/31/27(a) | 400 | 370,600 | ||||||
Ease Trade Global Ltd., 4.00%, 11/10/25(a) | 200 | 184,228 | ||||||
Easy Tactic Ltd. | ||||||||
6.50%, 07/11/25 (Call 03/01/24), (7.50% PIK)(f) | 670 | 38,529 | ||||||
6.50%, 07/11/27 (Call 03/01/24), (7.50% PIK)(f) | 1,307 | 68,642 | ||||||
6.50%, 07/11/28 (Call 03/01/24), (7.50% PIK)(f) | 782 | 38,227 | ||||||
ENN Clean Energy International Investment Ltd., | ||||||||
3.38%, 05/12/26 (Call 05/12/24)(a) | 400 | 376,808 | ||||||
Fortune Star BVI Ltd. | ||||||||
5.00%, 05/18/26 (Call 05/18/24)(a) | 200 | 168,000 | ||||||
5.05%, 01/27/27 (Call 01/27/25)(a) | 200 | 155,600 | ||||||
5.95%, 10/19/25 (Call 03/01/24)(a) | 400 | 358,000 | ||||||
Franshion Brilliant Ltd. | ||||||||
4.25%, 07/23/29(a) | 200 | 134,187 | ||||||
6.00%, (Call 02/08/26), | ||||||||
(5-year CMT + 5.584%)(a)(d)(e) | 200 | 169,624 | ||||||
Fuqing Investment Management Ltd., 3.25%, 06/23/25(a) | 200 | 168,000 | ||||||
GLP China Holdings Ltd., 2.95%, 03/29/26(a) | 200 | 138,000 | ||||||
Guojing Capital BVI Ltd., 6.30%, 12/02/25(a) | 200 | 201,806 | ||||||
Huarong Finance 2017 Co. Ltd. | ||||||||
4.25%, 11/07/27(a) | 600 | 550,500 | ||||||
4.75%, 04/27/27(a) | 600 | 564,900 | ||||||
Huarong Finance 2019 Co. Ltd., 4.50%, 05/29/29(a) | 200 | 179,000 | ||||||
Industrial & Commercial Bank of China Ltd., 3.20%, (Call 09/24/26), (5-year CMT + 2.368%)(a)(d)(e) | 3,100 | 2,941,125 | ||||||
Lenovo Group Ltd., 5.88%, 04/24/25(a) | 600 | 601,524 |
Security | Par (000) | Value | ||||||
China (continued) | ||||||||
Longfor Group Holdings Ltd., 3.95%, 09/16/29(a) | $ | 600 | $ | 264,000 | ||||
RKPF Overseas 2020 A Ltd. | ||||||||
5.13%, 07/26/26 (Call 07/26/24)(a) | 200 | 56,000 | ||||||
5.20%, 01/12/26 (Call 02/15/24)(a) | 200 | 60,000 | ||||||
Sunac China Holdings Ltd. | ||||||||
6.25%, 09/30/27, (6.25% PIK)(b)(f) | 1,000 | 115,000 | ||||||
7.00%, 09/30/29 (Call 02/22/24), (12.00% PIK)(a)(f) | 1,200 | 93,600 | ||||||
West China Cement Ltd., 4.95%, 07/08/26 (Call 07/08/24)(a) | 400 | 295,500 | ||||||
Yanlord Land HK Co. Ltd., 5.13%, 05/20/26 (Call 05/20/24)(a) | 200 | 138,125 | ||||||
10,087,565 | ||||||||
Colombia — 3.3% | ||||||||
ABRA Global Finance, 11.50%, 03/02/28, (5.50% PIK)(a)(f) | 521 | 390,869 | ||||||
AI Candelaria Spain SA, 5.75%, 06/15/33 (Call 06/15/28)(a) | 400 | 311,000 | ||||||
Avianca Midco 2 PLC, 9.00%, 12/01/28 (Call 12/01/24)(a) | 850 | 758,625 | ||||||
Banco Davivienda SA, 6.65%, (Call 04/22/31), (10-year CMT + 5.097%)(a)(d)(e) | 200 | 140,660 | ||||||
Banco de Bogota SA, 6.25%, 05/12/26(a) | 600 | 590,070 | ||||||
Bancolombia SA | ||||||||
4.63%, 12/18/29 (Call 12/18/24), (5-year CMT + 2.944%)(e) | 200 | 186,600 | ||||||
6.91%, 10/18/27, (5-year CMT + 2.929%)(e) | 400 | 391,902 | ||||||
Canacol Energy Ltd., 5.75%, 11/24/28 (Call 11/24/24)(a) | 200 | 137,122 | ||||||
Colombia Telecomunicaciones SA ESP, 4.95%, 07/17/30 (Call 04/17/30)(a) | 200 | 128,900 | ||||||
Ecopetrol SA | ||||||||
4.63%, 11/02/31 (Call 08/02/31) | 600 | 491,520 | ||||||
5.38%, 06/26/26 (Call 03/26/26)(c) | 750 | 738,337 | ||||||
5.88%, 05/28/45 | 990 | 731,313 | ||||||
5.88%, 11/02/51 (Call 05/02/51) | 405 | 288,644 | ||||||
6.88%, 04/29/30 (Call 01/29/30) | 950 | 921,880 | ||||||
7.38%, 09/18/43(c) | 400 | 364,800 | ||||||
8.38%, 01/19/36 (Call 10/19/35) | 900 | 909,180 | ||||||
8.63%, 01/19/29 (Call 12/19/28)(c) | 700 | 739,375 | ||||||
8.88%, 01/13/33 (Call 10/13/32)(c) | 1,200 | 1,265,820 | ||||||
EnfraGen Energia Sur SA / EnfraGen Spain SA / Prime Energia SpA, 5.38%, 12/30/30(a) | 400 | 311,000 | ||||||
Geopark Ltd., 5.50%, 01/17/27 (Call 02/12/24)(a) | 200 | 177,375 | ||||||
Grupo Aval Ltd., 4.38%, 02/04/30 (Call 11/04/29)(a) | 600 | 494,940 | ||||||
Grupo de Inversiones Suramericana SA, 5.50%, 04/29/26(a) | 200 | 194,425 | ||||||
SierraCol Energy Andina LLC, 6.00%, 06/15/28 (Call 06/15/24)(a) | 400 | 334,625 | ||||||
10,998,982 | ||||||||
Czech Republic — 0.1% | ||||||||
Allwyn Entertainment Financing U.K. PLC, 7.88%, 04/30/29(a) | 400 | 406,788 | ||||||
Ghana — 0.3% | ||||||||
Kosmos Energy Ltd., 7.13%, 04/04/26 (Call 02/12/24)(a) | 400 | 384,500 | ||||||
Tullow Oil PLC, 10.25%, 05/15/26 (Call 02/12/24)(a) | 860 | 786,094 | ||||||
1,170,594 |
2
Schedule of Investments (unaudited) (continued) | iShares® J.P. Morgan EM High Yield Bond ETF |
January 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Guatemala — 0.6% | ||||||||
Central American Bottling Corp./CBC Bottling Holdco | ||||||||
SL/Beliv Holdco SL, 5.25%, 04/27/29 (Call 04/27/26)(a) | $ | 500 | $ | 465,000 | ||||
CT Trust, 5.13%, 02/03/32 (Call 02/03/27)(a) | 400 | 348,000 | ||||||
Investment Energy Resources Ltd., 6.25%, 04/26/29 (Call 04/26/25)(a) | 400 | 378,592 | ||||||
Millicom International Cellular SA | ||||||||
4.50%, 04/27/31 (Call 04/27/26)(a)(c) | 400 | 333,500 | ||||||
6.25%, 03/25/29 (Call 03/25/24)(a) | 360 | 343,125 | ||||||
1,868,217 | ||||||||
Hong Kong — 2.2% | ||||||||
Bank of Communications Hong Kong Ltd., 3.73%, (Call 03/03/25), (5-year CMT + 2.525%)(a)(d)(e) | 250 | 244,063 | ||||||
Bank of East Asia Ltd. (The) | ||||||||
5.83%, (Call 10/21/25), | ||||||||
(5-year CMT + 5.527%)(a)(d)(e) | 500 | 446,875 | ||||||
5.88%, (Call 09/19/24), | ||||||||
(5-year CMT + 4.257%)(a)(d)(e) | 250 | 237,031 | ||||||
CAS Capital No. 1 Ltd., 4.00%, (Call 07/12/26), | ||||||||
(5-year CMT + 3.642%)(a)(d)(e) | 400 | 345,000 | ||||||
Cathay Pacific MTN Financing HK Ltd., 4.88%, 08/17/26(a) | 400 | 391,000 | ||||||
China CITIC Bank International Ltd. | ||||||||
3.25%, (Call 07/29/26), | ||||||||
(5-year CMT + 2.530%)(a)(d)(e) | 250 | 236,875 | ||||||
4.80%, (Call 04/22/27), | ||||||||
(5-year CMT + 2.104%)(a)(d)(e) | 250 | 245,234 | ||||||
FWD Group Holdings Ltd., 8.05%, (Call 06/15/24), | ||||||||
(5-year CMT + 4.865%)(a)(d)(e) | 400 | 373,500 | ||||||
Henderson Land MTN Ltd., 2.38%, 05/27/25(a) | 200 | 191,466 | ||||||
Lai Sun MTN Ltd., 5.00%, 07/28/26(a) | 200 | 112,000 | ||||||
Li & Fung Ltd., 5.25%, (Call 05/03/24)(a)(d) | 200 | 90,063 | ||||||
Melco Resorts Finance Ltd. | ||||||||
4.88%, 06/06/25 (Call 03/01/24)(a) | 400 | 390,000 | ||||||
5.25%, 04/26/26 (Call 03/01/24)(a) | 300 | 286,500 | ||||||
5.38%, 12/04/29 (Call 12/04/24)(a) | 600 | 531,750 | ||||||
5.63%, 07/17/27 (Call 03/01/24)(a) | 200 | 188,304 | ||||||
5.75%, 07/21/28 (Call 03/01/24)(a) | 400 | 372,000 | ||||||
Nanyang Commercial Bank Ltd., 6.50%, (Call 04/28/27), (5-year CMT + 3.509%)(a)(d)(e) | 250 | 246,875 | ||||||
New World China Land Ltd., 4.75%, 01/23/27(a) | 200 | 170,000 | ||||||
NWD Finance BVI Ltd. | ||||||||
4.13%, (Call 03/10/28), | ||||||||
(5-year CMT + 5.858%)(a)(d)(e) | 600 | 312,900 | ||||||
4.80%, (Call 03/01/24)(a)(d) | 400 | 161,000 | ||||||
5.25%, (Call 03/22/26), | ||||||||
(5-year CMT + 7.889%)(a)(d)(e) | 600 | 391,500 | ||||||
6.25%, (Call 03/07/24)(a)(d) | 600 | 307,500 | ||||||
NWD MTN Ltd., 4.13%, 07/18/29(a) | 400 | 299,880 | ||||||
PCPD Capital Ltd., 5.13%, 06/18/26 (Call 06/18/24)(a) | 400 | 312,750 | ||||||
Seaspan Corp., 5.50%, 08/01/29 (Call 08/01/24)(a) | 400 | 340,524 | ||||||
Wheelock MTN BVI Ltd., 2.38%, 01/25/26(a) | 200 | 189,008 | ||||||
7,413,598 | ||||||||
Hungary — 0.1% | ||||||||
OTP Bank Nyrt, 8.75%, 05/15/33 (Call 02/15/28), (5-year CMT + 5.060%)(a)(e) | 400 | 412,080 | ||||||
India — 1.8% | ||||||||
Axis Bank Ltd./Gandhinagar, 4.10%, (Call 09/08/26), (5-year CMT + 3.315%)(a)(d)(e) | 200 | 183,750 |
Security | Par (000) | Value | ||||||
India (continued) | ||||||||
CA Magnum Holdings, 5.38%, 10/31/26 (Call 02/12/24)(a) | $ | 600 | $ | 560,250 | ||||
Delhi International Airport Ltd. | ||||||||
6.13%, 10/31/26(a) | 400 | 395,640 | ||||||
6.45%, 06/04/29(a) | 200 | 196,700 | ||||||
Greenko Dutch BV, 3.85%, 03/29/26 (Call 03/01/24)(a) | 555 | 521,873 | ||||||
Greenko Power II Ltd., 4.30%, 12/13/28 (Call 12/14/24)(a) | 540 | 491,467 | ||||||
Greenko Solar Mauritius Ltd., 5.95%, 07/29/26 (Call 03/01/24)(a) | 200 | 195,680 | ||||||
Greenko Wind Projects Mauritius Ltd., 5.50%, | ||||||||
04/06/25 (Call 04/06/24)(a) | 200 | 196,000 | ||||||
HDFC Bank Ltd., 3.70%, (Call 08/25/26), | ||||||||
(5-year CMT + 2.925%)(a)(d)(e) | 600 | 550,125 | ||||||
JSW Hydro Energy Ltd., 4.13%, 05/18/31 (Call 05/18/26)(a) | 322 | 281,348 | ||||||
JSW Steel Ltd. | ||||||||
3.95%, 04/05/27 (Call 10/05/26)(a) | 400 | 371,500 | ||||||
5.05%, 04/05/32 (Call 10/05/31)(a) | 200 | 176,500 | ||||||
Network i2i Ltd. | ||||||||
3.98%, (Call 03/03/26), | ||||||||
(5-year CMT + 3.390%)(a)(d)(e) | 200 | 187,438 | ||||||
5.65%, (Call 01/15/25), | ||||||||
(5-year CMT + 4.274%)(a)(d)(e) | 400 | 395,250 | ||||||
Periama Holdings LLC/DE, 5.95%, 04/19/26(a) | 400 | 394,000 | ||||||
ReNew Wind Energy AP2/ReNew Power Pvt Ltd. | ||||||||
other 9 Subsidiaries, 4.50%, 07/14/28 (Call 02/12/24)(a) | 200 | 180,250 | ||||||
Vedanta Resources Finance II PLC | ||||||||
9.25%, 04/23/26 (Call 03/01/24)(a)(c) | 400 | 318,600 | ||||||
13.88%, 12/09/28 (Call 09/11/24)(a) | 400 | 346,000 | ||||||
5,942,371 | ||||||||
Indonesia — 0.5% | ||||||||
Bank Negara Indonesia Persero Tbk PT | ||||||||
3.75%, 03/30/26(a) | 600 | 573,188 | ||||||
4.30%, (Call 03/24/27), | ||||||||
(5-year CMT + 3.466%)(a)(d)(e) | 200 | 181,125 | ||||||
Indika Energy Capital IV Pte Ltd., 8.25%, 10/22/25 (Call 03/04/24)(a) | 350 | 350,109 | ||||||
Medco Bell Pte Ltd., 6.38%, 01/30/27 (Call 03/04/24)(a) | 200 | 192,500 | ||||||
Medco Maple Tree Pte Ltd., 8.96%, 04/27/29 (Call 10/27/25)(a) | 250 | 255,625 | ||||||
1,552,547 | ||||||||
Israel — 2.0% | ||||||||
Energian Israel Finance Ltd. | ||||||||
4.88%, 03/30/26 (Call 12/30/25)(a)(b) | 350 | 322,000 | ||||||
5.38%, 03/30/28 (Call 09/30/27)(a)(b) | 325 | 283,156 | ||||||
5.88%, 03/30/31 (Call 09/30/30)(a)(b) | 300 | 249,750 | ||||||
8.50%, 09/30/33(a)(b) | 370 | 347,060 | ||||||
Leviathan Bond Ltd. | ||||||||
6.13%, 06/30/25 (Call 03/30/25)(a)(b) | 275 | 264,344 | ||||||
6.50%, 06/30/27 (Call 12/30/26)(a)(b) | 350 | 324,953 | ||||||
6.75%, 06/30/30 (Call 12/30/29)(a)(b) | 250 | 223,925 | ||||||
Teva Pharmaceutical Finance Co. LLC, 6.15%, 02/01/36 | 500 | 476,695 | ||||||
Teva Pharmaceutical Finance Netherlands III BV | ||||||||
3.15%, 10/01/26 | 1,600 | 1,488,000 | ||||||
4.10%, 10/01/46 | 900 | 597,375 | ||||||
4.75%, 05/09/27 (Call 02/09/27)(c) | 500 | 480,015 |
3
Schedule of Investments (unaudited) (continued) | iShares® J.P. Morgan EM High Yield Bond ETF |
January 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Israel (continued) | ||||||||
5.13%, 05/09/29 (Call 02/09/29)(c) | $ | 400 | $ | 384,124 | ||||
6.75%, 03/01/28 (Call 12/01/27) | 600 | 612,750 | ||||||
7.88%, 09/15/29 (Call 06/15/29) | 300 | 322,500 | ||||||
8.13%, 09/15/31 (Call 06/15/31) | 300 | 328,500 | ||||||
6,705,147 | ||||||||
Kazakhstan — 0.3% | ||||||||
Tengizchevroil Finance Co. International Ltd. | ||||||||
2.63%, 08/15/25 (Call 05/15/25)(a) | 200 | 188,800 | ||||||
3.25%, 08/15/30 (Call 02/15/30)(a) | 400 | 328,000 | ||||||
4.00%, 08/15/26(a) | 600 | 564,315 | ||||||
1,081,115 | ||||||||
Kuwait — 0.2% | ||||||||
Burgan Bank SAK, 5.75%, (Call 07/09/24), | ||||||||
(5-year CMT + 4.007%)(a)(d)(e) | 200 | 196,063 | ||||||
Kuwait Projects Co. SPC Ltd. | ||||||||
4.23%, 10/29/26(a) | 400 | 350,500 | ||||||
4.50%, 02/23/27(a) | 200 | 172,750 | ||||||
719,313 | ||||||||
Luxembourg — 0.4% | ||||||||
Altice Financing SA | ||||||||
5.00%, 01/15/28 (Call 03/01/24)(a) | 700 | 625,625 | ||||||
5.75%, 08/15/29 | 1,000 | 867,500 | ||||||
1,493,125 | ||||||||
Macau — 1.2% | ||||||||
Champion Path Holdings Ltd. | ||||||||
4.50%, 01/27/26 (Call 02/12/24)(a) | 400 | 376,625 | ||||||
4.85%, 01/27/28 (Call 01/27/25)(a) | 200 | 175,437 | ||||||
MGM China Holdings Ltd. | ||||||||
4.75%, 02/01/27 (Call 02/12/24)(a) | 200 | 187,000 | ||||||
5.25%, 06/18/25 (Call 02/12/24)(a) | 400 | 388,875 | ||||||
5.88%, 05/15/26 (Call 02/12/24)(a) | 400 | 388,736 | ||||||
Studio City Finance Ltd. | ||||||||
5.00%, 01/15/29 (Call 03/01/24)(a) | 600 | 510,000 | ||||||
6.50%, 01/15/28 (Call 03/01/24)(a) | 200 | 185,000 | ||||||
Wynn Macau Ltd. | ||||||||
5.13%, 12/15/29 (Call 12/15/24)(a) | 400 | 354,500 | ||||||
5.50%, 01/15/26 (Call 03/01/24)(a) | 400 | 386,500 | ||||||
5.50%, 10/01/27 (Call 02/12/24)(a) | 400 | 374,875 | ||||||
5.63%, 08/26/28 (Call 02/12/24)(a) | 800 | 740,400 | ||||||
4,067,948 | ||||||||
Mexico — 8.7% | ||||||||
Alsea SAB de CV, 7.75%, 12/14/26 (Call 01/29/24)(a) | 200 | 202,200 | ||||||
Banco Mercantil del Norte SA/Grand Cayman | ||||||||
5.88%, (Call 01/24/27), | ||||||||
(5-year CMT + 4.643%)(a)(d)(e) | 400 | 373,000 | ||||||
6.63%, (Call 01/24/32), | ||||||||
(10-year CMT + 5.034%)(a)(d)(e) | 200 | 169,000 | ||||||
6.75%, (Call 09/27/24), | ||||||||
(5-year CMT + 4.967%)(a)(c)(d)(e) | 300 | 296,340 | ||||||
7.50%, (Call 06/27/29), | ||||||||
(10-year CMT + 5.470%)(a)(d)(e) | 200 | 189,500 | ||||||
7.63%, , (10-year CMT + 5.353%)(a) | 400 | 383,000 | ||||||
8.38%, (Call 10/14/30), | ||||||||
(10-year CMT + 7.760%)(a)(d)(e) | 200 | 196,500 | ||||||
BBVA Bancomer SA/Texas | ||||||||
5.13%, 01/18/33 (Call 01/17/28), | ||||||||
(5-year CMT + 2.650%)(a)(e) | 600 | 546,930 | ||||||
5.88%, 09/13/34 (Call 09/13/29), | ||||||||
(5-year CMT + 4.308%)(a)(e) | 350 | 323,172 |
Security | Par (000) | Value | ||||||
Mexico (continued) | ||||||||
8.13%, 01/08/39 (Call 01/08/34), | ||||||||
(5-year CMT + 4.214%)(b) | $ | 200 | $ | 202,600 | ||||
8.45%, 06/29/38 (Call 06/29/33), | ||||||||
(5-year CMT + 4.661%)(a)(e) | 600 | 623,280 | ||||||
Borr IHC Ltd./Borr Finance LLC | ||||||||
10.00%, 11/15/28(a) | 600 | 621,000 | ||||||
10.38%, 11/15/30(a) | 200 | 207,000 | ||||||
Braskem Idesa SAPI | ||||||||
6.99%, 02/20/32 (Call 02/20/27)(a) | 700 | 456,094 | ||||||
7.45%, 11/15/29 (Call 11/15/24)(a) | 400 | 276,380 | ||||||
Cemex SAB de CV | ||||||||
3.88%, 07/11/31 (Call 07/11/26)(a) | 500 | 443,000 | ||||||
5.20%, 09/17/30 (Call 09/17/25)(a) | 400 | 387,780 | ||||||
5.45%, 11/19/29 (Call 11/19/24)(a) | 400 | 394,580 | ||||||
9.13%, (Call 03/14/28), | ||||||||
(5-year CMT + 4.907%)(a)(d)(e) | 500 | 528,975 | ||||||
Cemex SAB De CV, 5.13%, (Call 06/08/26), | ||||||||
(5-year CMT + 4.534%)(a)(c)(d)(e) | 500 | 474,500 | ||||||
Grupo Aeromexico SAB de CV, 8.50%, 03/17/27 (Call 03/17/24)(a) | 300 | 287,719 | ||||||
Nemak SAB de CV, 3.63%, 06/28/31 (Call 03/28/31)(a) | 200 | 160,500 | ||||||
Petroleos Mexicanos | ||||||||
4.50%, 01/23/26 | 500 | 469,300 | ||||||
5.35%, 02/12/28(c) | 953 | 832,608 | ||||||
5.95%, 01/28/31 (Call 10/28/30)(c) | 1,900 | 1,485,800 | ||||||
6.35%, 02/12/48(c) | 850 | 526,150 | ||||||
6.38%, 01/23/45(c) | 550 | 346,500 | ||||||
6.49%, 01/23/27 (Call 11/23/26)(c) | 748 | 703,457 | ||||||
6.50%, 03/13/27 | 2,060 | 1,928,160 | ||||||
6.50%, 01/23/29(c) | 625 | 551,944 | ||||||
6.50%, 06/02/41(c) | 800 | 532,552 | ||||||
6.63%, 06/15/35(c) | 1,300 | 974,805 | ||||||
6.70%, 02/16/32 (Call 11/16/31) | 3,350 | 2,718,357 | ||||||
6.75%, 09/21/47 | 2,750 | 1,759,175 | ||||||
6.84%, 01/23/30 (Call 10/23/29)(c) | 1,100 | 939,510 | ||||||
6.88%, 08/04/26(c) | 1,300 | 1,262,820 | ||||||
6.95%, 01/28/60 (Call 07/28/59)(c) | 1,950 | 1,245,075 | ||||||
7.69%, 01/23/50 (Call 07/23/49)(c) | 4,075 | 2,838,237 | ||||||
8.75%, 06/02/29 (Call 04/02/29)(c) | 1,000 | 962,350 | ||||||
10.00%, 02/07/33 (Call 11/07/32)(c) | 1,050 | 1,032,937 | ||||||
Total Play Telecomunicaciones SA de CV | ||||||||
6.38%, 09/20/28 (Call 09/30/25)(a) | 200 | 87,000 | ||||||
7.50%, 11/12/25(a) | 400 | 232,000 | ||||||
29,171,787 | ||||||||
Moldova — 0.0% | ||||||||
Aragvi Finance International DAC, 8.45%, 04/29/26 (Call 04/29/24)(a) | 200 | 142,563 | ||||||
Morocco — 0.4% | ||||||||
OCP SA | ||||||||
3.75%, 06/23/31 (Call 03/23/31)(a) | 200 | 168,470 | ||||||
4.50%, 10/22/25(a) | 400 | 384,500 | ||||||
5.13%, 06/23/51 (Call 12/23/50)(a) | 400 | 287,400 | ||||||
6.88%, 04/25/44(a) | 400 | 366,500 | ||||||
1,206,870 | ||||||||
Nigeria — 0.5% | ||||||||
Access Bank PLC | ||||||||
6.13%, 09/21/26(a) | 200 | 183,563 | ||||||
9.13%, (Call 10/07/26), | ||||||||
(5-year CMT + 8.070%)(a)(d)(e) | 200 | 183,300 |
4
Schedule of Investments (unaudited) (continued) | iShares® J.P. Morgan EM High Yield Bond ETF |
January 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Nigeria (continued) | ||||||||
IHS Holding Ltd. | ||||||||
5.63%, 11/29/26 (Call 03/01/24)(a) | $ | 200 | $ | 179,625 | ||||
6.25%, 11/29/28 (Call 11/29/24)(a) | 200 | 168,000 | ||||||
IHS Netherlands Holdco BV, 8.00%, 09/18/27 (Call 03/01/24)(a) | 600 | 549,187 | ||||||
SEPLAT Energy PLC, 7.75%, 04/01/26 (Call 03/01/24)(a) | 400 | 369,000 | ||||||
1,632,675 | ||||||||
Oman — 0.4% | ||||||||
Bank Muscat SAOG, 4.75%, 03/17/26(a) | 200 | 195,750 | ||||||
EDO Sukuk Ltd., 5.88%, 09/21/33(a) | 400 | 406,400 | ||||||
Otel Sukuk Ltd., 5.38%, 01/24/31 (Call 10/24/30)(b) | 200 | 197,700 | ||||||
Oztel Holdings SPC Ltd., 6.63%, 04/24/28(a) | 450 | 464,625 | ||||||
1,264,475 | ||||||||
Panama — 0.2% | ||||||||
C&W Senior Financing DAC, 6.88%, 09/15/27 (Call 02/12/24)(a) | 600 | 566,562 | ||||||
Telecomunicaciones Digitales SA, 4.50%, 01/30/30 (Call 01/30/25)(a) | 200 | 173,750 | ||||||
740,312 | ||||||||
Paraguay — 0.2% | ||||||||
Bioceanico Sovereign Certificate Ltd., 0.00%, 06/05/34(a)(i) | 434 | 311,471 | ||||||
Telefonica Celular del Paraguay SA, 5.88%, 04/15/27 (Call 01/08/24)(a) | 400 | 385,875 | ||||||
697,346 | ||||||||
Peru — 0.6% | ||||||||
Cia. De Minas Buenaventur Co., 5.50%, 07/23/26 (Call 03/01/24)(a) | 400 | 380,000 | ||||||
Hunt Oil Co. of Peru LLC Sucursal Del Peru, 8.55%, 09/18/33 (Call 06/18/33)(a) | 200 | 212,680 | ||||||
Minsur SA, 4.50%, 10/28/31(a) | 200 | 173,187 | ||||||
Peru LNG Srl, 5.38%, 03/22/30(a) | 400 | 327,200 | ||||||
Petroleos del Peru SA | ||||||||
4.75%, 06/19/32(a) | 400 | 289,072 | ||||||
5.63%, 06/19/47(a) | 1,100 | 702,339 | ||||||
2,084,478 | ||||||||
Philippines — 0.8% | ||||||||
Globe Telecom Inc., 4.20%, (Call 08/02/26), | ||||||||
(5-year CMT + 5.527%)(a)(d)(e) | 400 | 382,250 | ||||||
JGSH Philippines Ltd., 4.13%, 07/09/30(a) | 400 | 376,000 | ||||||
Manila Water Co. Inc., 4.38%, 07/30/30 (Call 07/30/25)(a) | 200 | 187,000 | ||||||
Petron Corp., 5.95%, (Call 04/19/26), | ||||||||
(5-year CMT + 7.574%)(a)(d)(e) | 200 | 190,375 | ||||||
San Miguel Corp., 5.50%, (Call 07/29/25), | ||||||||
(5-year CMT + 10.237%)(a)(d)(e) | 200 | 190,375 | ||||||
SMC Global Power Holdings Corp. | ||||||||
5.45%, (Call 12/09/26), | ||||||||
(5-year CMT + 7.155%)(a)(d)(e) | 400 | 325,250 | ||||||
5.70%, (Call 01/21/26), | ||||||||
(5-year CMT + 6.554%)(a)(d)(e) | 200 | 170,500 | ||||||
6.50%, (Call 04/25/24), | ||||||||
(5-year CMT + 6.608%)(a)(d)(e) | 400 | 384,000 | ||||||
7.00%, (Call 10/21/25), | ||||||||
(5-year CMT + 9.199%)(a)(d)(e) | 400 | 367,875 | ||||||
2,573,625 |
Security | Par (000) | Value | ||||||
Poland — 0.1% | ||||||||
Canpack SA/Canpack U.S. LLC, 3.88%, 11/15/29 (Call 11/15/24)(a) | $ | 400 | $ | 352,096 | ||||
Qatar — 0.1% | ||||||||
Commercial Bank PSQC (The), 4.50%, (Call 03/03/26), (5-year CMT + 3.874%)(a)(d)(e) | 200 | 183,188 | ||||||
Saudi Arabia — 0.3% | ||||||||
Arabian Centres Sukuk II Ltd., 5.63%, 10/07/26(a) | 400 | 365,500 | ||||||
Dar Al-Arkan Sukuk Co. Ltd., 8.00%, 02/25/29(a) | 200 | 203,750 | ||||||
Riyad Tier 1 Sukuk Ltd., 4.00%, (Call 02/16/27), | ||||||||
(5-year CMT + 2.170%)(a)(d)(e) | 400 | 368,875 | ||||||
938,125 | ||||||||
Singapore — 0.4% | ||||||||
GLP Pte Ltd. | ||||||||
3.88%, 06/04/25(a) | 200 | 154,320 | ||||||
4.50%, (Call 05/17/26), | ||||||||
(5-year CMT + 3.735%)(a)(d)(e) | 400 | 156,168 | ||||||
Puma International Financing SA, 5.00%, 01/24/26 (Call 02/12/24)(a) | 400 | 378,000 | ||||||
Singapore Airlines Ltd. | ||||||||
3.00%, 07/20/26 (Call 06/20/26)(a) | 200 | 189,886 | ||||||
3.38%, 01/19/29 (Call 11/19/28)(a) | 400 | 371,880 | ||||||
1,250,254 | ||||||||
South Africa — 1.2% | ||||||||
Absa Group Ltd., 6.38%, (Call 05/27/26), | ||||||||
(5-year CMT + 5.411%)(a)(d)(e) | 200 | 190,000 | ||||||
Bidvest Group U.K. PLC, 3.63%, 09/23/26 (Call 02/12/24)(a) | 400 | 372,000 | ||||||
Eskom Holdings SOC Ltd., 6.35%, 08/10/28(a) | 600 | 582,750 | ||||||
Liquid Telecommunications Financing PLC, 5.50%, 09/04/26 (Call 03/01/24)(a) | 200 | 124,875 | ||||||
MTN Mauritius Investments Ltd., 6.50%, 10/13/26(a) | 200 | 201,750 | ||||||
Sasol Financing USA LLC | ||||||||
4.38%, 09/18/26 (Call 09/18/25) | 400 | 372,625 | ||||||
5.50%, 03/18/31 (Call 03/18/30) | 400 | 334,500 | ||||||
6.50%, 09/27/28 (Call 06/27/28)(c) | 400 | 377,580 | ||||||
8.75%, 05/03/29 (Call 03/03/29)(a) | 500 | 508,281 | ||||||
Stillwater Mining Co. | ||||||||
4.00%, 11/16/26 (Call 03/01/24)(a) | 200 | 176,625 | ||||||
4.50%, 11/16/29 (Call 11/16/25)(a) | 400 | 313,750 | ||||||
Transnet SOC Ltd., 8.25%, 02/06/28(a) | 600 | 603,060 | ||||||
4,157,796 | ||||||||
South Korea — 0.1% | ||||||||
Woori Bank, 4.25%, (Call 10/04/24), | ||||||||
(5-year CMT + 2.664%)(a)(d)(e) | 200 | 196,625 | ||||||
Supranational — 0.1% | ||||||||
Eastern & Southern African Trade & Development | ||||||||
Bank (The), 4.13%, 06/30/28(a) | 400 | 342,971 | ||||||
Odebrecht Holdco Finance Ltd., 0.00%, 09/10/58 (Call 03/01/24)(a)(i) | 900 | 270 | ||||||
343,241 | ||||||||
Switzerland — 0.0% | ||||||||
Oriflame Investment Holding PLC, 5.13%, 05/04/26 (Call 01/29/24)(a) | 200 | 55,000 | ||||||
Tanzania — 0.1% | ||||||||
HTA Group Ltd./Mauritius, 7.00%, 12/18/25 (Call 02/12/24)(a) | 200 | 197,063 |
5
Schedule of Investments (unaudited) (continued) | iShares® J.P. Morgan EM High Yield Bond ETF |
January 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Thailand — 0.5% | ||||||||
Bangkok Bank PCL/Hong Kong | ||||||||
3.73%, 09/25/34 (Call 09/25/29), | ||||||||
(5-year CMT + 1.900%)(a)(e) | $ | 600 | $ | 531,150 | ||||
5.00%, , (5-year CMT + 4.729%) | 400 | 389,600 | ||||||
Kasikornbank PCL/Hong Kong, 3.34%, 10/02/31 (Call 10/02/26), (5-year CMT + 1.700%)(a)(e) | 600 | 555,696 | ||||||
Krung Thai Bank PCL/Cayman Islands, 4.40%, (Call 03/25/26), (5-year CMT + 3.530%)(a)(d)(e) | 400 | 378,500 | ||||||
1,854,946 | ||||||||
Turkey — 2.0% | ||||||||
Akbank TAS | ||||||||
5.13%, 03/31/25(a) | 200 | 196,937 | ||||||
6.80%, 02/06/26(a) | 400 | 400,000 | ||||||
6.80%, 06/22/31 (Call 06/22/26), | ||||||||
(5-year CMT + 6.015%)(a)(e) | 200 | 195,937 | ||||||
Anadolu Efes Biracilik Ve Malt Sanayii AS, 3.38%, 06/29/28 (Call 03/29/28)(a) | 200 | 172,313 | ||||||
Arcelik AS, 8.50%, 09/25/28(a) | 200 | 207,687 | ||||||
Aydem Yenilenebilir Enerji AS, 7.75%, 02/02/27 (Call 03/01/24)(a) | 400 | 374,875 | ||||||
Coca-Cola Icecek AS, 4.50%, 01/20/29 (Call 10/20/28)(a) | 200 | 183,938 | ||||||
KOC Holding AS, 6.50%, 03/11/25 (Call 12/11/24)(a) | 400 | 399,000 | ||||||
Mersin Uluslararasi Liman Isletmeciligi AS, 8.25%, 11/15/28 (Call 11/15/25)(a) | 400 | 412,125 | ||||||
Turkcell Iletisim Hizmetleri AS | ||||||||
5.75%, 10/15/25(a) | 200 | 196,625 | ||||||
5.80%, 04/11/28 (Call 01/11/28)(a) | 200 | 189,813 | ||||||
Turkiye Garanti Bankasi AS, 7.18%, 05/24/27, | ||||||||
(5-year USD ICE Swap + 4.220%)(a)(e) | 400 | 394,125 | ||||||
Turkiye Is Bankasi AS | ||||||||
7.75%, 01/22/30 (Call 01/22/25), | ||||||||
(5-year CMT + 6.119%)(a)(e) | 400 | 395,730 | ||||||
9.19%, 06/29/28, | ||||||||
(5-year USD Swap + 5.117%)(a)(e) | 200 | 208,750 | ||||||
Turkiye Sise ve Cam Fabrikalari AS, 6.95%, 03/14/26 (Call 12/14/25)(a) | 300 | 299,250 | ||||||
Turkiye Vakiflar Bankasi TAO | ||||||||
6.50%, 01/08/26(a) | 400 | 396,000 | ||||||
9.00%, 10/12/28(a) | 400 | 417,568 | ||||||
Ulker Biskuvi Sanayi AS, 6.95%, 10/30/25(a) | 400 | 391,625 | ||||||
WE Soda Investments Holding PLC, 9.50%, 10/06/28(a) | 400 | 408,000 | ||||||
Yapi ve Kredi Bankasi AS | ||||||||
7.88%, 01/22/31 (Call 01/22/26), | ||||||||
(5-year CMT + 7.415%)(a)(e) | 200 | 199,896 | ||||||
9.25%, 10/16/28(a) | 400 | 421,250 | ||||||
9.25%, 01/17/34 (Call 01/17/29), | ||||||||
(5-year CMT + 5.278%)(b) | 400 | 408,040 | ||||||
6,869,484 | ||||||||
Ukraine — 0.1% | ||||||||
Metinvest BV, 7.75%, 10/17/29(a) | 200 | 132,000 | ||||||
MHP Lux SA, 6.95%, 04/03/26(a) | 200 | 162,000 | ||||||
294,000 | ||||||||
United Arab Emirates — 1.6% | ||||||||
Abu Dhabi Commercial Bank PJSC, 8.00%, , | ||||||||
(5-year CMT + 3.524%)(a) | 400 | 424,625 | ||||||
Adib Capital Invest 3 Ltd., 7.25%, , | ||||||||
(5-year CMT + 3.059%)(a)(d) | 400 | 421,750 | ||||||
Arada Sukuk Ltd., 8.13%, 06/08/27(a) | 200 | 202,063 |
Security | Par (000) | Value | ||||||
United Arab Emirates (continued) | ||||||||
Commercial Bank of Dubai PSC, 6.00%, (Call 04/21/26)(a)(d)(e) | $ | 400 | $ | 391,000 | ||||
DIB Tier 1 Sukuk 3 Ltd., 6.25%, (Call 01/22/25)(a)(d)(e) | 400 | 397,620 | ||||||
DIB Tier 1 Sukuk 4 Ltd., 4.63%, (Call 05/19/26)(a)(d)(e) | 400 | 380,500 | ||||||
DP World Salaam, 6.00%, (Call 10/01/25), | ||||||||
(5-year CMT + 5.750%)(a)(d)(e) | 800 | 793,200 | ||||||
Emirates NBD Bank PJSC | ||||||||
4.25%, (Call 02/27/27)(a)(d)(e) | 400 | 363,125 | ||||||
6.13%, (Call 03/20/25)(a)(d)(e) | 400 | 397,500 | ||||||
6.13%, (Call 04/09/26)(a)(d)(e) | 400 | 397,250 | ||||||
GEMS MENASA Cayman Ltd./GEMS Education | ||||||||
Delaware LLC, 7.13%, 07/31/26 (Call 03/04/24)(a) | 400 | 393,375 | ||||||
MAF Global Securities Ltd., 7.88%, (Call 06/30/27), | ||||||||
(5-year CMT + 4.893%)(a)(d)(e) | 200 | 205,812 | ||||||
Shelf Drilling Holdings Ltd., 9.63%, 04/15/29(a) | 600 | 579,960 | ||||||
5,347,780 | ||||||||
United Kingdom — 0.7% | ||||||||
Petrofac Ltd., 9.75%, 11/15/26 (Call 03/01/24)(a)(c) | 400 | 208,000 | ||||||
Standard Chartered PLC | ||||||||
4.30%, (Call 08/19/28), | ||||||||
(5-year CMT + 3.135%)(a)(d)(e) | 800 | 643,000 | ||||||
4.75%, (Call 01/14/31), | ||||||||
(5-year CMT + 3.805%)(a)(d)(e) | 600 | 482,940 | ||||||
6.00%, (Call 07/26/25), | ||||||||
(5-year CMT + 5.661%)(a)(d)(e) | 600 | 590,496 | ||||||
7.75%, (Call 08/15/27), | ||||||||
(5-year CMT + 4.976%)(a)(d)(e) | 600 | 606,000 | ||||||
2,530,436 | ||||||||
United States — 0.1% | ||||||||
Playtika Holding Corp., 4.25%, 03/15/29 (Call 03/15/24)(a) | 300 | 258,750 | ||||||
Sagicor Financial Co. Ltd., 5.30%, 05/13/28 (Call 05/13/24)(a) | 200 | 190,000 | ||||||
448,750 | ||||||||
Vietnam — 0.1% | ||||||||
Mong Duong Finance Holdings BV, 5.13%, 05/07/29(a) | 231 | 215,297 | ||||||
Zambia — 0.7% | ||||||||
First Quantum Minerals Ltd. | ||||||||
6.88%, 03/01/26 (Call 01/08/24)(a) | 600 | 564,528 | ||||||
6.88%, 10/15/27 (Call 02/12/24)(a) | 800 | 710,552 | ||||||
7.50%, 04/01/25 (Call 02/12/24)(a)(c) | 443 | 430,317 | ||||||
8.63%, 06/01/31 (Call 06/01/26)(a) | 600 | 550,875 | ||||||
2,256,272 | ||||||||
Total Corporate Bonds & Notes — 45.9% | ||||||||
(Cost: $169,412,275) | . | 154,146,374 |
Foreign Government Obligations | ||||||||
Angola — 1.0% | ||||||||
Angolan Government International Bond | ||||||||
8.00%, 11/26/29(a) | 800 | 694,000 | ||||||
8.25%, 05/09/28(a) | 800 | 720,000 | ||||||
8.75%, 04/14/32(a) | 1,100 | 940,500 | ||||||
9.13%, 11/26/49(a) | 600 | 473,250 | ||||||
9.38%, 05/08/48(a) | 800 | 640,000 | ||||||
3,467,750 |
6
Schedule of Investments (unaudited) (continued) | iShares® J.P. Morgan EM High Yield Bond ETF |
January 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Argentina — 3.4% | ||||||||
Argentine Republic Government International Bond | ||||||||
1.00%, 07/09/29 (Call 01/29/24)(c) | $ | 1,318 | $ | 529,781 | ||||
1.75%, 07/09/30 (Call 01/29/24)(c)(j) | 8,098 | 3,275,836 | ||||||
4.88%, 07/09/41 (Call 01/29/24)(c)(j) | 5,294 | 1,757,478 | ||||||
5.00%, 07/09/35 (Call 01/29/24)(c)(j) | 10,154 | 3,396,591 | ||||||
5.00%, 01/09/38 (Call 01/29/24)(c)(j) | 5,655 | 2,171,334 | ||||||
5.00%, 07/09/46 (Call 01/29/24)(c)(j) | 1,046 | 354,745 | ||||||
11,485,765 | ||||||||
Azerbaijan — 0.1% | ||||||||
Republic of Azerbaijan International Bond, 3.50%, 09/01/32(a) | 450 | 384,525 | ||||||
Bahrain — 2.3% | ||||||||
Bahrain Government International Bond | ||||||||
5.25%, 01/25/33(a) | 600 | 527,250 | ||||||
5.45%, 09/16/32(a) | 600 | 540,750 | ||||||
5.63%, 09/30/31(a) | 400 | 372,000 | ||||||
5.63%, 05/18/34(a) | 600 | 531,750 | ||||||
6.00%, 09/19/44(a) | 600 | 478,500 | ||||||
6.75%, 09/20/29(a) | 600 | 602,250 | ||||||
7.00%, 01/26/26(a) | 600 | 606,525 | ||||||
7.00%, 10/12/28(a) | 900 | 921,375 | ||||||
7.38%, 05/14/30(a) | 400 | 412,500 | ||||||
7.75%, 04/18/35(a) | 400 | 412,000 | ||||||
CBB International Sukuk Co. 7 SPC, 6.88%, 10/05/25(a) | 400 | 405,500 | ||||||
CBB International Sukuk Programme Co. | ||||||||
3.88%, 05/18/29(a) | 550 | 497,750 | ||||||
3.95%, 09/16/27(a) | 500 | 471,875 | ||||||
4.50%, 03/30/27(a) | 600 | 578,250 | ||||||
6.25%, 10/18/30(a) | 400 | 403,500 | ||||||
7,761,775 | ||||||||
Bolivia — 0.1% | ||||||||
Bolivian Government International Bond, 4.50%, 03/20/28(a) | 600 | 315,000 | ||||||
Brazil — 5.2% | ||||||||
Brazil Government International Bond, 6.25%, 03/18/31 | 1,000 | 1,027,000 | ||||||
Brazilian Government International Bond | ||||||||
2.88%, 06/06/25(c) | 1,000 | 965,500 | ||||||
3.75%, 09/12/31(c) | 734 | 644,085 | ||||||
3.88%, 06/12/30 | 1,700 | 1,539,350 | ||||||
4.50%, 05/30/29 (Call 02/28/29)(c) | 1,000 | 956,500 | ||||||
4.63%, 01/13/28 (Call 10/13/27)(c) | 1,400 | 1,381,100 | ||||||
4.75%, 01/14/50 (Call 07/14/49)(c) | 2,050 | 1,510,850 | ||||||
5.00%, 01/27/45(c) | 1,700 | 1,344,700 | ||||||
5.63%, 01/07/41(c) | 1,100 | 991,100 | ||||||
5.63%, 02/21/47(c) | 1,300 | 1,105,650 | ||||||
6.00%, 04/07/26(c) | 1,000 | 1,024,000 | ||||||
6.00%, 10/20/33(c) | 1,200 | 1,184,400 | ||||||
6.13%, 03/15/34 | 1,200 | 1,188,240 | ||||||
7.13%, 01/20/37(c) | 800 | 855,600 | ||||||
7.13%, 05/13/54 | 1,100 | 1,098,900 | ||||||
8.25%, 01/20/34 | 650 | 742,950 | ||||||
17,559,925 | ||||||||
Colombia — 4.5% | ||||||||
Colombia Government International Bond | ||||||||
3.00%, 01/30/30 (Call 10/30/29) | 700 | 579,600 | ||||||
3.13%, 04/15/31 (Call 01/15/31) | 1,200 | 957,600 | ||||||
3.25%, 04/22/32 (Call 01/22/32) | 1,000 | 778,500 |
Security | Par (000) | Value | ||||||
Colombia (continued) | ||||||||
3.88%, 04/25/27 (Call 01/25/27)(c) | $ | 1,000 | $ | 946,500 | ||||
3.88%, 02/15/61 (Call 08/15/60)(c) | 600 | 350,100 | ||||||
4.13%, 02/22/42 (Call 08/22/41)(c) | 600 | 404,700 | ||||||
4.13%, 05/15/51 (Call 11/15/50)(c) | 800 | 500,000 | ||||||
4.50%, 01/28/26 (Call 10/28/25) | 800 | 783,750 | ||||||
4.50%, 03/15/29 (Call 12/15/28) | 1,000 | 919,500 | ||||||
5.00%, 06/15/45 (Call 12/15/44)(c) | 2,200 | 1,601,600 | ||||||
5.20%, 05/15/49 (Call 11/15/48) | 1,450 | 1,066,475 | ||||||
5.63%, 02/26/44 (Call 08/26/43)(c) | 1,200 | 952,200 | ||||||
6.13%, 01/18/41(c) | 1,300 | 1,127,750 | ||||||
7.38%, 09/18/37 | 900 | 894,600 | ||||||
7.50%, 02/02/34 (Call 11/02/33)(c) | 1,000 | 1,020,500 | ||||||
8.00%, 04/20/33 (Call 01/20/33)(c) | 889 | 942,618 | ||||||
8.00%, 11/14/35 (Call 08/14/35) | 600 | 630,600 | ||||||
8.75%, 11/14/53 (Call 05/14/53) | 600 | 652,500 | ||||||
15,109,093 | ||||||||
Costa Rica — 1.0% | ||||||||
Costa Rica Government International Bond | ||||||||
6.13%, 02/19/31(a)(c) | 400 | 404,000 | ||||||
6.55%, 04/03/34 (Call 01/03/34)(a) | 800 | 818,400 | ||||||
7.00%, 04/04/44(a) | 650 | 658,450 | ||||||
7.16%, 03/12/45(a) | 600 | 616,500 | ||||||
7.30%, 11/13/54 (Call 05/13/53)(a) | 695 | 725,928 | ||||||
3,223,278 | ||||||||
Dominican Republic — 3.3% | ||||||||
Dominican Republic International Bond | ||||||||
4.50%, 01/30/30(a) | 1,000 | 911,500 | ||||||
4.88%, 09/23/32(a) | 1,500 | 1,338,750 | ||||||
5.30%, 01/21/41(a) | 850 | 714,850 | ||||||
5.50%, 02/22/29 (Call 12/22/28)(a) | 850 | 822,120 | ||||||
5.88%, 01/30/60(a) | 1,650 | 1,398,375 | ||||||
5.95%, 01/25/27(a) | 850 | 850,425 | ||||||
6.00%, 07/19/28(a) | 650 | 651,625 | ||||||
6.00%, 02/22/33 (Call 11/22/32)(a) | 850 | 820,165 | ||||||
6.40%, 06/05/49(a)(c) | 650 | 601,250 | ||||||
6.50%, 02/15/48(a) | 450 | 424,800 | ||||||
6.85%, 01/27/45(a) | 1,000 | 977,500 | ||||||
6.88%, 01/29/26(a)(c) | 800 | 812,400 | ||||||
7.45%, 04/30/44(a) | 850 | 886,125 | ||||||
11,209,885 | ||||||||
Ecuador — 0.9% | ||||||||
Ecuador Government International Bond | ||||||||
0.00%, 07/31/30(a)(i) | 482 | 159,333 | ||||||
6.90%, 07/31/30(a)(j) | 1,756 | 921,548 | ||||||
6.90%, 07/31/35(a)(j) | 3,635 | 1,474,211 | ||||||
6.90%, 07/31/40(a)(j) | 1,463 | 535,493 | ||||||
3,090,585 | ||||||||
Egypt — 2.5% | ||||||||
Egypt Government International Bond | ||||||||
5.80%, 09/30/27(a) | 600 | 447,750 | ||||||
5.88%, 06/11/25(a) | 600 | 547,500 | ||||||
5.88%, 02/16/31(a) | 800 | 521,000 | ||||||
6.59%, 02/21/28(a) | 800 | 594,000 | ||||||
7.05%, 01/15/32(a) | 600 | 401,250 | ||||||
7.30%, 09/30/33(a) | 500 | 330,000 | ||||||
7.50%, 01/31/27(a) | 1,000 | 818,000 | ||||||
7.50%, 02/16/61(a) | 600 | 345,000 | ||||||
7.60%, 03/01/29(a) | 800 | 588,000 | ||||||
7.63%, 05/29/32(a) | 1,000 | 677,500 | ||||||
7.90%, 02/21/48(a) | 650 | 385,937 |
7
Schedule of Investments (unaudited) (continued) | iShares® J.P. Morgan EM High Yield Bond ETF |
January 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Egypt (continued) | ||||||||
8.50%, 01/31/47(a) | $ | 1,300 | $ | 793,000 | ||||
8.70%, 03/01/49(a) | 800 | 496,000 | ||||||
8.88%, 05/29/50(a) | 1,000 | 627,500 | ||||||
Egyptian Financial Co. for Sovereign Taskeek (The), 10.88%, 02/28/26(a) | 800 | 792,750 | ||||||
8,365,187 | ||||||||
El Salvador — 0.4% | ||||||||
El Salvador Government International Bond | ||||||||
7.12%, 01/20/50 (Call 07/20/49)(a) | 550 | 391,875 | ||||||
7.65%, 06/15/35(a) | 450 | 350,550 | ||||||
9.50%, 07/15/52 (Call 01/15/52)(a) | 550 | 461,780 | ||||||
1,204,205 | ||||||||
Ghana — 0.7% | ||||||||
Ghana Government International Bond | ||||||||
6.38%, 02/11/27(a)(g)(h) | 600 | 269,250 | ||||||
7.63%, 05/16/29(a)(g)(h) | 500 | 221,250 | ||||||
7.75%, 04/07/29(a)(g)(h) | 400 | 178,000 | ||||||
7.88%, 02/11/35(a)(g)(h) | 400 | 177,000 | ||||||
8.13%, 01/18/26(a)(g)(h) | 470 | 223,250 | ||||||
8.13%, 03/26/32(a)(g)(h) | 500 | 218,750 | ||||||
8.63%, 04/07/34(a)(g)(h) | 400 | 177,500 | ||||||
8.63%, 06/16/49(a)(g)(h) | 600 | 259,500 | ||||||
8.95%, 03/26/51(a)(g)(h) | 500 | 220,625 | ||||||
10.75%, 10/14/30(a) | 600 | 387,000 | ||||||
2,332,125 | ||||||||
Guatemala — 0.4% | ||||||||
Guatemala Government Bond | ||||||||
6.13%, 06/01/50 (Call 12/01/49)(a) | 700 | 636,528 | ||||||
6.60%, 06/13/36 (Call 03/13/36)(a) | 600 | 608,100 | ||||||
1,244,628 | ||||||||
Iraq — 0.2% | ||||||||
Iraq International Bond, 5.80%, 01/15/28(Call 03/17/24)(a) | 625 | 582,031 | ||||||
Ivory Coast — 0.5% | ||||||||
Ivory Coast Government International Bond | ||||||||
6.13%, 06/15/33(a) | 600 | 538,500 | ||||||
7.63%, 01/30/33(b) | 400 | 396,400 | ||||||
8.25%, 01/30/37(b) | 800 | 800,800 | ||||||
1,735,700 | ||||||||
Jamaica — 0.7% | ||||||||
Jamaica Government International Bond | ||||||||
6.75%, 04/28/28 | 500 | 521,563 | ||||||
7.88%, 07/28/45(c) | 900 | 1,046,250 | ||||||
8.00%, 03/15/39(c) | 600 | 713,100 | ||||||
2,280,913 | ||||||||
Jordan — 0.7% | ||||||||
Jordan Government International Bond | ||||||||
5.75%, 01/31/27(a) | 400 | 382,000 | ||||||
5.85%, 07/07/30(a) | 900 | 805,050 | ||||||
6.13%, 01/29/26(a) | 400 | 388,500 | ||||||
7.38%, 10/10/47(a) | 400 | 340,000 | ||||||
7.50%, 01/13/29(a) | 600 | 587,250 | ||||||
2,502,800 | ||||||||
Kenya — 0.5% | ||||||||
Republic of Kenya Government International Bond | ||||||||
6.30%, 01/23/34(a) | 400 | 310,500 | ||||||
7.25%, 02/28/28(a) | 400 | 357,000 | ||||||
8.00%, 05/22/32(a) | 600 | 525,000 |
Security | Par (000) | Value | ||||||
Kenya (continued) | ||||||||
8.25%, 02/28/48(a) | $ | 600 | $ | 477,750 | ||||
1,670,250 | ||||||||
Lebanon — 0.1% | ||||||||
Lebanon Government International Bond | ||||||||
6.00%, 01/27/23(a)(g)(h) | 500 | 28,500 | ||||||
6.10%, 10/04/24(a)(g)(h) | 730 | 41,610 | ||||||
6.60%, 11/27/26(a)(g)(h) | 760 | 43,320 | ||||||
6.65%, 02/26/30(a)(g)(h) | 760 | 43,320 | ||||||
6.75%, 11/29/27(a)(g)(h) | 470 | 26,790 | ||||||
6.85%, 03/23/27(a)(g)(h) | 700 | 39,900 | ||||||
7.00%, 03/23/32(a)(g)(h) | 475 | 27,075 | ||||||
250,515 | ||||||||
Morocco — 0.6% | ||||||||
Morocco Government International Bond | ||||||||
3.00%, 12/15/32(a) | 400 | 322,200 | ||||||
4.00%, 12/15/50(a) | 600 | 408,870 | ||||||
5.95%, 03/08/28(a) | 600 | 612,000 | ||||||
6.50%, 09/08/33(a) | 700 | 723,625 | ||||||
2,066,695 | ||||||||
Nigeria — 1.8% | ||||||||
Nigeria Government International Bond | ||||||||
6.13%, 09/28/28(a) | 600 | 521,250 | ||||||
6.50%, 11/28/27(a) | 800 | 724,400 | ||||||
7.14%, 02/23/30(a) | 714 | 622,965 | ||||||
7.38%, 09/28/33(a) | 800 | 658,000 | ||||||
7.63%, 11/21/25(a) | 300 | 294,750 | ||||||
7.63%, 11/28/47(a) | 600 | 455,250 | ||||||
7.70%, 02/23/38(a) | 600 | 472,920 | ||||||
7.88%, 02/16/32(a) | 800 | 694,000 | ||||||
8.25%, 09/28/51(a) | 600 | 477,000 | ||||||
8.38%, 03/24/29(a) | 800 | 749,000 | ||||||
8.75%, 01/21/31(a) | 600 | 555,750 | ||||||
6,225,285 | ||||||||
Oman — 3.2% | ||||||||
Oman Government International Bond | ||||||||
4.75%, 06/15/26(a) | 1,200 | 1,182,000 | ||||||
5.38%, 03/08/27(a) | 750 | 750,937 | ||||||
5.63%, 01/17/28(a) | 1,200 | 1,213,950 | ||||||
6.00%, 08/01/29(a) | 1,000 | 1,021,250 | ||||||
6.25%, 01/25/31(a) | 1,000 | 1,034,050 | ||||||
6.50%, 03/08/47(a) | 1,000 | 984,875 | ||||||
6.75%, 10/28/27(a) | 600 | 628,500 | ||||||
6.75%, 01/17/48(a) | 1,400 | 1,410,500 | ||||||
7.00%, 01/25/51(a) | 400 | 411,960 | ||||||
7.38%, 10/28/32(a) | 600 | 667,500 | ||||||
Oman Sovereign Sukuk Co. | ||||||||
4.88%, 06/15/30(a) | 800 | 786,000 | ||||||
5.93%, 10/31/25(a) | 800 | 806,000 | ||||||
10,897,522 | ||||||||
Pakistan — 0.6% | ||||||||
Pakistan Global Sukuk Programme Co. Ltd. (The), | ||||||||
7.95%, 01/31/29(a) | 400 | 324,044 | ||||||
Pakistan Government International Bond | ||||||||
6.00%, 04/08/26(a) | 700 | 540,347 | ||||||
6.88%, 12/05/27(a) | 750 | 538,208 | ||||||
7.38%, 04/08/31(a) | 800 | 516,088 | ||||||
1,918,687 |
8
Schedule of Investments (unaudited) (continued) | iShares® J.P. Morgan EM High Yield Bond ETF |
January 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Paraguay — 0.4% | ||||||||
Paraguay Government International Bond | ||||||||
4.95%, 04/28/31 (Call 01/28/31)(a) | $ | 400 | $ | 384,800 | ||||
5.40%, 03/30/50 (Call 09/30/49)(a) | 600 | 516,600 | ||||||
6.10%, 08/11/44(a) | 400 | 380,800 | ||||||
1,282,200 | ||||||||
Senegal — 0.3% | ||||||||
Senegal Government International Bond | ||||||||
6.25%, 05/23/33(a) | 500 | 431,250 | ||||||
6.75%, 03/13/48(a) | 600 | 447,000 | ||||||
878,250 | ||||||||
Serbia — 0.3% | ||||||||
Serbia International Bond | ||||||||
2.13%, 12/01/30(a) | 535 | 426,663 | ||||||
6.50%, 09/26/33(a) | 500 | 510,737 | ||||||
937,400 | ||||||||
South Africa — 2.5% | ||||||||
Republic of South Africa Government | ||||||||
International Bond | ||||||||
4.30%, 10/12/28(c) | 1,000 | 915,675 | ||||||
4.85%, 09/27/27(c) | 600 | 576,390 | ||||||
4.85%, 09/30/29(c) | 900 | 818,055 | ||||||
4.88%, 04/14/26(c) | 604 | 588,900 | ||||||
5.00%, 10/12/46(c) | 400 | 277,000 | ||||||
5.38%, 07/24/44(c) | 500 | 372,188 | ||||||
5.65%, 09/27/47(c) | 800 | 596,540 | ||||||
5.75%, 09/30/49 | 1,550 | 1,148,627 | ||||||
5.88%, 09/16/25 | 986 | 984,768 | ||||||
5.88%, 06/22/30(c) | 700 | 657,685 | ||||||
5.88%, 04/20/32(c) | 600 | 550,440 | ||||||
7.30%, 04/20/52 | 900 | 794,700 | ||||||
8,280,968 | ||||||||
Sri Lanka — 0.7% | ||||||||
Sri Lanka Government International Bond | ||||||||
6.20%, 05/11/27(a)(g)(h) | 700 | 355,327 | ||||||
6.75%, 04/18/28(a)(g)(h) | 700 | 357,140 | ||||||
6.83%, 07/18/26(a)(g)(h) | 600 | 314,100 | ||||||
6.85%, 03/14/24(a)(g)(h) | 600 | 307,716 | ||||||
6.85%, 11/03/25(a)(g)(h) | 900 | 469,224 | ||||||
7.55%, 03/28/30(a)(g)(h) | 400 | 201,044 | ||||||
7.85%, 03/14/29(a)(g)(h) | 700 | 352,002 | ||||||
2,356,553 | ||||||||
Trinidad And Tobago — 0.1% | ||||||||
Trinidad & Tobago Government International Bond, | ||||||||
4.50%, 08/04/26(a) | 400 | 390,000 | ||||||
Turkey — 10.5% | ||||||||
Hazine Mustesarligi Varlik Kiralama AS | ||||||||
5.13%, 06/22/26(a) | 1,200 | 1,151,250 | ||||||
7.25%, 02/24/27(a) | 1,500 | 1,503,750 | ||||||
8.51%, 01/14/29(a) | 1,200 | 1,243,500 | ||||||
9.76%, 11/13/25(a) | 1,400 | 1,471,820 | ||||||
Turkey Government International Bond | ||||||||
4.25%, 03/13/25(c) | 1,000 | 976,000 | ||||||
4.25%, 04/14/26(c) | 900 | 857,250 | ||||||
4.75%, 01/26/26(c) | 800 | 773,200 | ||||||
4.88%, 10/09/26(c) | 1,500 | 1,431,750 | ||||||
4.88%, 04/16/43 | 1,770 | 1,194,750 | ||||||
5.13%, 02/17/28(c) | 1,000 | 930,000 | ||||||
5.25%, 03/13/30 | 900 | 796,050 | ||||||
5.75%, 05/11/47(c) | 1,800 | 1,314,810 |
Security | Par (000) | Value | ||||||
Turkey (continued) | ||||||||
5.88%, 06/26/31(c) | $ | 900 | $ | 808,425 | ||||
5.95%, 01/15/31(c) | 1,200 | 1,089,600 | ||||||
6.00%, 03/25/27(c) | 1,700 | 1,651,550 | ||||||
6.00%, 01/14/41(c) | 1,500 | 1,191,375 | ||||||
6.13%, 10/24/28(c) | 1,300 | 1,247,155 | ||||||
6.38%, 10/14/25(c) | 1,200 | 1,197,000 | ||||||
6.50%, 09/20/33(c) | 700 | 638,400 | ||||||
6.63%, 02/17/45(c) | 1,400 | 1,156,750 | ||||||
6.75%, 05/30/40(c) | 900 | 778,500 | ||||||
6.88%, 03/17/36(c) | 1,350 | 1,225,125 | ||||||
7.25%, 03/05/38(c) | 500 | 465,000 | ||||||
7.63%, 04/26/29(c) | 1,400 | 1,405,950 | ||||||
8.00%, 02/14/34(c) | 750 | 756,037 | ||||||
8.60%, 09/24/27 | 1,000 | 1,048,750 | ||||||
9.13%, 07/13/30 | 1,300 | 1,384,500 | ||||||
9.38%, 03/14/29(c) | 1,100 | 1,182,500 | ||||||
9.38%, 01/19/33(c) | 1,400 | 1,519,000 | ||||||
9.88%, 01/15/28 | 1,800 | 1,956,600 | ||||||
11.88%, 01/15/30(c) | 700 | 851,200 | ||||||
Turkiye Vakiflar Bankasi TAO, 5.50%, 10/01/26(a) | 200 | 192,500 | ||||||
35,390,047 | ||||||||
Ukraine — 0.6% | ||||||||
Ukraine Government International Bond | ||||||||
6.88%, 05/21/31(a)(g)(h) | 800 | 174,000 | ||||||
7.25%, 03/15/35(a)(g)(h) | 1,200 | 271,500 | ||||||
7.38%, 09/25/34(a)(g)(h) | 1,600 | 361,600 | ||||||
7.75%, 09/01/25(a)(g)(h) | 625 | 170,938 | ||||||
7.75%, 09/01/26(a)(g)(h) | 850 | 220,787 | ||||||
7.75%, 09/01/27(a)(g)(h) | 600 | 151,200 | ||||||
7.75%, 09/01/28(a)(g)(h) | 700 | 175,000 | ||||||
7.75%, 09/01/29(a)(g)(h) | 750 | 186,000 | ||||||
9.75%, 11/01/30(a)(g)(h) | 800 | 211,200 | ||||||
1,922,225 | ||||||||
United Arab Emirates — 1.1% | ||||||||
Emirate of Dubai Government International Bond, | ||||||||
5.25%, 01/30/43(a) | 400 | 375,500 | ||||||
Emirate of Dubai Government International Bonds, | ||||||||
3.90%, 09/09/50(a) | 600 | 437,250 | ||||||
Finance Department Government of Sharjah | ||||||||
4.00%, 07/28/50(a) | 500 | 321,250 | ||||||
6.50%, 11/23/32(a) | 500 | 516,250 | ||||||
Sharjah Sukuk Program Ltd. | ||||||||
2.94%, 06/10/27(a) | 400 | 369,000 | ||||||
3.23%, 10/23/29(a) | 500 | 446,250 | ||||||
3.85%, 04/03/26(a) | 400 | 386,000 | ||||||
4.23%, 03/14/28(a) | 800 | 764,000 | ||||||
3,615,500 | ||||||||
Zambia — 0.2% | ||||||||
Zambia Government International Bond | ||||||||
8.50%, 04/14/24(a)(g)(h) | 400 | 252,000 | ||||||
8.97%, 07/30/27(a)(g)(h) | 600 | 374,250 | ||||||
626,250 | ||||||||
Total Foreign Government Obligations — 51.4% | ||||||||
(Cost: $210,309,840) | 172,563,517 | |||||||
Total Long-Term Investments — 97.3% | ||||||||
(Cost: $379,722,115) | 326,709,891 |
9
Schedule of Investments (unaudited) (continued) | iShares® J.P. Morgan EM High Yield Bond ETF |
January 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Short-Term Securities | ||||||||
Money Market Funds — 19.5% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.51%(k)(l)(m) | 62,055,595 | $ | 62,092,829 | |||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.31% | 3,510,000 | 3,510,000 | ||||||
Total Short-Term Securities — 19.5% | ||||||||
(Cost: $65,578,626) | 65,602,829 | |||||||
Total Investments — 116.8% | ||||||||
(Cost: $445,300,741) | 392,312,720 | |||||||
Liabilities in Excess of Other Assets — (16.8)% | (56,564,919 | ) | ||||||
Net Assets — 100.0% | $ | 335,747,801 |
(a) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
(b) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
(c) | All or a portion of this security is on loan. |
(d) | Perpetual security with no stated maturity date. |
(e) | 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. |
(f) | 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. |
(g) | Issuer filed for bankruptcy and/or is in default. |
(h) | Non-income producing security. |
(i) | Zero-coupon bond. |
(j) | 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. |
(k) | Affiliate of the Fund. |
(l) | Annualized 7-day yield as of period end. |
(m) | 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 period ended January 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/23 | Purchases at Cost | Proceeds from Sale | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 01/31/24 | Shares Held at 01/31/24 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 38,876,276 | $ | 23,208,634 | (a) | $ | — | $ | 3,839 | $ | 4,080 | $ | 62,092,829 | 62,055,595 | $ | 55,539 | (b) | $ | — | |||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 4,080,000 | — | (570,000 | )(a) | — | — | 3,510,000 | 3,510,000 | 25,362 | — | ||||||||||||||||||||||||||
$ | 3,839 | $ | 4,080 | $ | 65,602,829 | $ | 80,901 | $ | — |
(a) | Represents net amount purchased (sold). |
(b) | 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. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
● | Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access; |
● | Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and |
● | Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments). |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
10
Schedule of Investments (unaudited) (continued) | iShares® J.P. Morgan EM High Yield Bond ETF |
January 31, 2024 |
Fair Value Hierarchy as of Period End (continued)
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Investments | ||||||||||||||||
Long-Term Investments | ||||||||||||||||
Corporate Bonds & Notes | $ | — | $ | 154,146,374 | $ | — | $ | 154,146,374 | ||||||||
Foreign Government Obligations | — | 172,563,517 | — | 172,563,517 | ||||||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 62,092,829 | — | — | 65,602,829 | ||||||||||||
$ | 62,092,829 | $ | 326,709,891 | $ | — | $ | 392,312,720 |
Portfolio Abbreviation | |
CJSC | Closed Joint Stock Company |
CMT | Constant Maturity Treasury |
PIK | Payment-in-kind |
PJSC | Public Joint Stock Company |
Currency Abbreviation | |
USD | United States Dollar |
11