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APRIL 30, 2023 |
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2023 Semi-Annual Report (Unaudited)
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iShares Trust
· iShares J.P. Morgan Broad USD Emerging Markets Bond ETF | BEMB | Cboe BZX
· iShares J.P. Morgan USD Emerging Markets Bond ETF | EMB | NASDAQ
Dear Shareholder,
Investors faced an uncertain economic landscape during the 12-month reporting period ended April 30, 2023, amid mixed indicators and rapidly changing market conditions. The U.S. economy returned to modest growth beginning in the third quarter of 2022, although the pace of growth slowed thereafter. Inflation was elevated, reaching a 40-year high as labor costs grew rapidly and unemployment rates reached the lowest levels in decades. However, inflation moderated as the period continued, while continued strength in consumer spending backstopped the economy.
Equity returns varied substantially, as large-capitalization U.S. stocks gained for the period amid a rebound in big tech stocks, whereas small-capitalization U.S. stocks declined. International equities from developed markets advanced strongly, while emerging market stocks declined, pressured by higher interest rates and volatile commodities prices.
The 10-year U.S. Treasury yield rose during the reporting period, driving its price down, as investors reacted to elevated inflation and attempted to anticipate future interest rate changes. The corporate bond market also faced inflationary headwinds, although high-yield corporate bonds posted a positive return as demand from yield-seeking investors remained strong.
The U.S. Federal Reserve (the “Fed”), acknowledging that inflation has been more persistent than expected, raised interest rates eight times. Furthermore, the Fed wound down its bond-buying programs and incrementally reduced its balance sheet by not replacing securities that reach maturity. In addition, the Fed added liquidity to markets amid the failure of prominent regional banks.
Restricted labor supply kept inflation elevated even as other inflation drivers, such as goods prices and energy costs, moderated. While economic growth was modest in the last year, we believe that stickiness in services inflation and continued wage growth will keep inflation above central bank targets for some time. Although the Fed has decelerated the pace of interest rate hikes and indicated a pause could be its next step, we believe that the Fed still seems determined to get inflation back to target. With this in mind, we believe the possibility of a U.S. recession in the near term is high, but the dimming economic outlook has not yet been fully reflected in current market prices. We believe investors should expect a period of higher volatility as markets adjust to the new economic reality and policymakers attempt to adapt to rapidly changing conditions. Turmoil in the banking sector late in the period highlighted the potential for the rapid increase in interest rates to disrupt markets with little warning.
While we favor an overweight to equities in the long term, we prefer an underweight stance on equities overall in the near term. Expectations for corporate earnings remain elevated, which seems inconsistent with the possibility of a recession. Nevertheless, we are overweight on emerging market stocks as we believe a weakening U.S. dollar could provide a supportive backdrop. We also see selective, long-term opportunities in credit, where we believe that valuations are appealing, and higher yields offer attractive income. However, we are neutral on credit in the near term, as we’re concerned about tightening credit and financial conditions. For fixed income investing with a six- to twelve-month horizon, we see the most significant opportunities in short-term U.S. Treasuries, global inflation-linked bonds, and emerging market bonds denominated in local currency.
Overall, our view is that investors need to think globally, position themselves to be prepared for a decarbonizing economy, and be nimble as market conditions change. We encourage you to talk with your financial advisor and visit iShares.com for further insight about investing in today’s markets.
Rob Kapito
President, BlackRock, Inc.
Rob Kapito
President, BlackRock, Inc.
| Total Returns as of April 30, 2023 | ||||
| 6-Month | 12-Month | |||
|
U.S.
large cap equities |
8.63% | 2.66% | ||
|
U.S.
small cap equities |
(3.45) | (3.65) | ||
|
International
equities |
24.19 |
8.42 | ||
|
Emerging
market equities |
16.36 |
(6.51) | ||
|
3-month Treasury bills |
2.09 |
2.83 | ||
|
U.S.
Treasury securities |
7.14 |
(1.68) | ||
|
U.S. investment grade bonds (Bloomberg U.S. Aggregate Bond Index) |
6.91 |
(0.43) | ||
|
Tax-exempt municipal bonds (Bloomberg Municipal Bond Index) |
7.65 |
2.87 | ||
|
U.S.
high yield bonds |
6.21 |
1.21 | ||
| Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index. | ||||
| 2 | T H I S P A G E I S N O T P A R T O F Y O U R F U N D R E P O R T |
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Semi-Annual Report: |
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Financial Statements |
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| Fund Summary as of April 30, 2023 | iShares® J.P. Morgan Broad USD Emerging Markets Bond ETF |
Investment Objective
The iShares J.P. Morgan Broad USD Emerging Markets Bond ETF(the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated bonds issued by emerging market sovereign, quasi-sovereign, and corporate entities, as represented by the J.P. Morgan EM Sovereign and Corporate Credit Core Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in that Index.
Performance
| Cumulative Total Returns | ||||
|
Since Inception |
||||
|
Fund NAV |
2.22 | % | ||
|
Fund Market |
3.10 | |||
|
Index |
1.93 | |||
The inception date of the Fund was February 22, 2023. The first day of secondary market trading was February 24, 2023.
Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.
Expense Example
| Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||||
|
|
Beginning Account Value (02/22/23) |
(a) |
|
Ending Account Value (04/30/23) |
|
|
Expenses Paid During the Period |
(b) |
|
Beginning Account Value (11/01/22) |
|
|
Ending Account Value (04/30/23) |
|
|
Expenses Paid During the Period |
(b) |
|
Annualized Expense Ratio |
| ||||||||||||
| $ 1,000.00 | $ 1,022.20 | $ 0.33 | $ 1,000.00 | $ 1,023.90 | $ 0.90 | 0.18 | % | |||||||||||||||||||||||||
| (a) |
Commencement of operations. |
| (b) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 67/365 for actual expenses and 181/365 for hypothetical expenses (to reflect the six month period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information. |
Portfolio Information
|
CREDIT QUALITY ALLOCATION
| ||
| Moody’s Credit Rating* | Percent of Total Investments(a) | |
|
Aa |
7.1% | |
|
A |
16.1 | |
|
Baa |
34.8 | |
|
Ba |
14.7 | |
|
B |
10.4 | |
|
Caa |
1.8 | |
|
Ca |
0.6 | |
|
Not Rated |
14.5 | |
|
GEOGRAPHIC ALLOCATION
| ||
| Country/Geographic Region | Percent of Total Investments(a) | |
|
China |
9.6% | |
|
Brazil |
4.7 | |
|
Mexico |
4.6 | |
|
Saudi Arabia |
4.4 | |
|
Qatar |
3.9 | |
|
Indonesia |
3.8 | |
|
Turkey |
3.8 | |
|
United Arab Emirates |
3.6 | |
|
India |
3.3 | |
|
Philippines |
3.2 | |
| * |
Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
| (a) |
Excludes money market funds. |
| 4 |
2 0 2 3 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
| Fund Summary as of April 30, 2023 | iShares® J.P. Morgan USD Emerging Markets Bond ETF |
Investment Objective
The iShares J.P. Morgan USD Emerging Markets Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, emerging market bonds, as represented by the J.P. Morgan EMBI® Global Core Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
| Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||||||
| 6-Month Total Returns |
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | ||||||||||||||||||||||||||
|
Fund NAV |
10.58 | % | (1.54 | )% | (0.44 | )% | 1.17 | % | (1.54 | )% | (2.18 | )% | 12.38 | % | ||||||||||||||||||
|
Fund Market |
11.92 | (0.46 | ) | (0.29 | ) | 1.18 | (0.46 | ) | (1.43 | ) | 12.41 | |||||||||||||||||||||
|
Index |
10.73 | (1.17 | ) | (0.21 | ) | 1.61 | (1.17 | ) | (1.05 | ) | 17.29 | |||||||||||||||||||||
Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.
Expense Example
|
Actual |
Hypothetical 5% Return | |||||||||||||||||||||||||||||
|
Beginning Account Value (11/01/22) |
|
Ending Account Value (04/30/23) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (11/01/22) |
|
|
Ending Account Value (04/30/23) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||
|
$ 1,000.00 |
$ 1,105.80 | $ 2.04 | $ 1,000.00 | $ 1,022.90 | $ 1.96 | 0.39 | % | |||||||||||||||||||||||
| (a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Disclosure of Expenses” for more information. |
Portfolio Information
| CREDIT QUALITY ALLOCATION | ||
| Moody’s Credit Rating* | Percent of Total Investments(a) | |
|
Aa |
6.3% | |
|
A |
14.9 | |
|
Baa |
32.1 | |
|
Ba |
16.7 | |
|
B |
14.1 | |
|
Caa |
3.1 | |
|
Ca |
1.4 | |
|
Not Rated |
11.4 | |
| GEOGRAPHIC ALLOCATION | ||
| Country/Geographic Region | Percent of Total Investments(a) | |
|
Mexico |
5.9% | |
|
Saudi Arabia |
5.7 | |
|
Indonesia |
5.4 | |
|
Turkey |
5.1 | |
|
United Arab Emirates |
4.8 | |
|
Qatar |
4.4 | |
|
China |
3.9 | |
|
Philippines |
3.8 | |
|
Brazil |
3.8 | |
|
Oman |
3.7 | |
| * |
Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
| (a) |
Excludes money market funds. |
|
F U N D S U M M A R Y |
5 |
Past performance is not an indication of future results. Financial markets have experienced extreme volatility and trading in many instruments has been disrupted. These circumstances may continue for an extended period of time and may continue to affect adversely the value and liquidity of each Fund’s investments. As a result, current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at iShares.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are redeemed or sold in the market. Performance for certain funds may reflect a waiver of a portion of investment advisory fees. Without such a waiver, performance would have been lower.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. Beginning August 10, 2020, the price used to calculate market return (“Market Price”) is the closing price. Prior to August 10, 2020, Market Price was determined using the midpoint between the highest bid and the lowest ask on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Since shares of a fund may not trade in the secondary market until after the fund’s inception, for the period from inception to the first day of secondary market trading in shares of the fund, the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.
An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included, market returns would be lower.
Shareholders of each Fund may incur the following charges: (1) transactional expenses, including brokerage commissions on purchases and sales of fund shares and (2) ongoing expenses, including management fees and other fund expenses. The expense examples shown (which are based on a hypothetical investment of $1,000 invested at the beginning of the period and held through the end of the period) are intended to assist shareholders both in calculating expenses based on an investment in each Fund and in comparing these expenses with similar costs of investing in other funds.
The expense examples provide information about actual account values and actual expenses. Annualized expense ratios reflect contractual and voluntary fee waivers, if any. In order to estimate the expenses a shareholder paid during the period covered by this report, shareholders can divide their account value by $1,000 and then multiply the result by the number under the heading entitled “Expenses Paid During the Period.”
The expense examples also provide information about hypothetical account values and hypothetical expenses based on a fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses. In order to assist shareholders in comparing the ongoing expenses of investing in the Funds and other funds, compare the 5% hypothetical examples with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
The expenses shown in the expense examples are intended to highlight shareholders’ ongoing costs only and do not reflect any transactional expenses, such as brokerage commissions and other fees paid on purchases and sales of fund shares. Therefore, the hypothetical examples are useful in comparing ongoing expenses only and will not help shareholders determine the relative total expenses of owning different funds. If these transactional expenses were included, shareholder expenses would have been higher.
| 6 |
2 0 2 3 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
|
Schedule of Investments (unaudited) April 30, 2023 |
iShares® J.P. Morgan Broad USD Emerging Markets Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Corporate Bonds & Notes |
||||||||
|
Australia — 0.4% |
||||||||
|
Anglo American Capital PLC, 2.88%, 03/17/31 (Call 12/17/30)(a) |
$ | 200 | $ | 168,475 | ||||
|
|
|
|||||||
|
Azerbaijan — 0.5% |
||||||||
|
Southern Gas Corridor CJSC, 6.88%, 03/24/26(a) |
200 | 204,975 | ||||||
|
|
|
|||||||
|
Brazil — 3.4% |
||||||||
|
Altice
Financing SA, 5.00%, 01/15/28 |
200 | 162,000 | ||||||
|
Braskem
Netherlands Finance BV, 4.50%, 01/10/28 |
200 | 182,440 | ||||||
|
Itau Unibanco Holding SA/Cayman Island, 7.86%, (Call 09/19/23), (5-year CMT + 3.863%)(a)(b)(c) |
200 | 191,990 | ||||||
|
JBS
USA LUX SA/JBS USA Food Co./JBS USA Finance Inc. |
100 | 78,718 | ||||||
|
5.75%, 04/01/33 (Call 01/01/33)(a) |
100 | 95,835 | ||||||
|
Natura Cosmeticos SA, 4.13%, 05/03/28 (Call 03/03/28)(a) |
200 | 165,725 | ||||||
|
Petrobras
Global Finance BV |
100 | 94,144 | ||||||
|
6.90%, 03/19/49 |
100 | 91,894 | ||||||
|
Suzano Austria GmbH, 5.00%, 01/15/30 (Call 10/15/29) |
200 | 187,200 | ||||||
|
Vale Overseas Ltd., 8.25%, 01/17/34 |
100 | 116,425 | ||||||
|
|
|
|||||||
| 1,366,371 | ||||||||
| Chile — 1.5% | ||||||||
|
Colbun SA, 3.15%, 03/06/30 (Call 12/06/29)(a) |
200 | 174,725 | ||||||
|
Corp. Nacional del Cobre de Chile, 4.50%, 08/01/47 (Call 02/01/47)(a) |
200 | 170,663 | ||||||
|
Enel Chile SA, 4.88%, 06/12/28 (Call 03/12/28) |
100 | 97,331 | ||||||
|
Latam Airlines Group SA, 13.38%, 10/15/29 (Call 10/15/25)(a) |
50 | 52,478 | ||||||
|
Telefonica Moviles Chile SA, 3.54%, 11/18/31 (Call 08/18/31)(a) |
150 | 121,481 | ||||||
|
|
|
|||||||
| 616,678 | ||||||||
| China — 9.0% | ||||||||
|
AIA Group Ltd., 3.20%, 09/16/40 (Call 03/16/40)(a) |
200 | 150,475 | ||||||
|
Alibaba Group Holding Ltd., 4.50%, 11/28/34 (Call 05/28/34) |
200 | 188,662 | ||||||
|
China Cinda 2020 I Management Ltd., 3.13%, 03/18/30 (Call 12/18/29)(a) |
200 | 165,163 | ||||||
|
China Construction Bank Corp., 2.45%, 06/24/30 (Call 06/24/25), (5-year CMT + 2.15%)(a)(c) |
200 | 188,975 | ||||||
|
CK Hutchison International 19 II Ltd., 2.75%, 09/06/29 (Call 06/06/29)(a) |
300 | 270,525 | ||||||
|
CNAC HK Finbridge Co. Ltd., 4.13%, 07/19/27(a) |
200 | 190,475 | ||||||
|
Franshion Brilliant Ltd., 6.00%, (Call 02/08/26), (5-year CMT + 5.584%)(a)(b)(c) |
200 | 179,600 | ||||||
|
Galaxy Pipeline Assets Bidco Ltd., 2.16%, 03/31/34(a) |
177 | 153,723 | ||||||
|
Huarong Finance II Co. Ltd., 4.88%, 11/22/26(a) |
200 | 175,975 | ||||||
|
ICBCIL Finance Co. Ltd., 2.13%, 01/27/25(a) |
200 | 190,412 | ||||||
|
Industrial & Commercial Bank of China Ltd./Singapore, 1.20%, 09/09/25(a) |
200 | 184,662 | ||||||
|
Melco Resorts Finance Ltd., 5.25%, 04/26/26 (Call 04/26/24)(a) |
200 | 183,750 | ||||||
|
NWD MTN Ltd., 4.13%, 07/18/29(a) |
200 | 168,288 | ||||||
|
Prosus NV, 4.19%, 01/19/32 (Call 10/19/31)(a) |
300 | 253,500 | ||||||
|
Prudential Funding Asia PLC, 3.13%, 04/14/30 |
50 | 45,125 | ||||||
|
Seaspan Corp., 5.50%, 08/01/29 (Call 08/01/24)(a) |
50 | 39,900 | ||||||
|
Sinopec Group Overseas Development 2018 Ltd., 2.70%, 05/13/30 (Call 02/13/30)(a) |
200 | 181,037 | ||||||
|
Tencent Holdings Ltd., 2.88%, 04/22/31 (Call 01/22/31)(a) |
200 | 173,038 | ||||||
|
Turkiye Vakiflar Bankasi TAO, 5.25%, 02/05/25(a) |
200 | 187,600 | ||||||
|
Vanke Real Estate Hong Kong Co. Ltd., 3.98%, 11/09/27(a) |
200 | 178,788 | ||||||
|
Wheelock MTN BVI Ltd., 2.38%, 01/25/26(a) |
200 | 186,725 | ||||||
|
|
|
|||||||
| 3,636,398 | ||||||||
| Security | Par (000) |
Value | ||||||
|
Colombia — 1.1% |
||||||||
|
Bancolombia SA, 6.91%, 10/18/27, (5-year CMT + 2.929%)(c) |
$ | 200 | $ | 187,000 | ||||
|
Ecopetrol
SA |
100 | 74,300 | ||||||
|
6.88%, 04/29/30 (Call 01/29/30) |
100 | 89,125 | ||||||
|
8.88%, 01/13/33 (Call 10/13/32) |
100 | 96,688 | ||||||
|
|
|
|||||||
| 447,113 | ||||||||
| Egypt — 0.3% | ||||||||
|
YPF SA, 9.00%, 06/30/29 (Call 12/30/28) |
150 | 119,250 | ||||||
|
|
|
|||||||
|
Ghana — 0.4% |
||||||||
|
Tullow Oil PLC, 10.25%, 05/15/26 (Call 05/15/23)(a) |
200 | 155,038 | ||||||
|
|
|
|||||||
|
Guatemala — 0.4% |
||||||||
|
CT Trust, 5.13%, 02/03/32 (Call 02/03/27)(a) |
200 | 164,475 | ||||||
|
|
|
|||||||
|
India — 2.7% |
||||||||
|
Delhi International Airport Ltd., 6.45%, 06/04/29(a) |
200 | 185,975 | ||||||
|
Greenko Dutch BV, 3.85%, 03/29/26 (Call 03/29/24)(a) |
188 | 169,059 | ||||||
|
JSW Steel Ltd., 3.95%, 04/05/27 (Call 10/05/26)(a) |
200 | 175,600 | ||||||
|
Network i2i Ltd., 5.65%, (Call 01/11/25), (5-year CMT + 4.274%)(a)(b)(c) |
200 | 191,725 | ||||||
|
Power Finance Corp. Ltd., 3.95%, 04/23/30(a) |
200 | 180,020 | ||||||
|
Reliance Industries Ltd., 2.88%, 01/12/32(a) |
250 | 209,266 | ||||||
|
|
|
|||||||
| 1,111,645 | ||||||||
| Indonesia — 1.4% | ||||||||
|
Freeport
Indonesia PT, 5.32%, 04/14/32 |
200 | 192,287 | ||||||
|
Minejesa Capital BV, 4.63%, 08/10/30(a) |
200 | 176,375 | ||||||
|
Pertamina Persero PT, 5.63%, 05/20/43(a) |
200 | 190,475 | ||||||
|
|
|
|||||||
| 559,137 | ||||||||
| Israel — 1.7% | ||||||||
|
Energean Israel Finance Ltd., 5.88%, 03/30/31 (Call 09/30/30)(d) |
50 | 43,338 | ||||||
|
Israel Electric Corp. Ltd., 4.25%, 08/14/28(d) |
200 | 190,787 | ||||||
|
Teva
Pharmaceutical Finance Netherlands III BV |
250 | 225,312 | ||||||
|
4.10%, 10/01/46 |
100 | 66,093 | ||||||
|
5.13%, 05/09/29 (Call 02/09/29) |
200 | 185,500 | ||||||
|
|
|
|||||||
| 711,030 | ||||||||
| Kazakhstan — 0.4% | ||||||||
|
KazMunayGas National Co. JSC, 3.50%, 04/14/33 (Call 10/14/32)(a) |
200 | 153,413 | ||||||
|
|
|
|||||||
|
Kuwait — 1.1% |
||||||||
|
Equate Petrochemical BV, 2.63%, 04/28/28 (Call 01/28/28)(a) |
200 | 176,850 | ||||||
|
Leviathan Bond Ltd., 6.50%, 06/30/27 (Call 12/30/26)(d) |
100 | 94,706 | ||||||
|
NBK
Tier 1 Financing 2 Ltd., 4.50%, |
200 | 183,850 | ||||||
|
|
|
|||||||
| 455,406 | ||||||||
| Macau — 1.5% | ||||||||
|
MGM China Holdings Ltd., 5.88%, 05/15/26 (Call 05/09/23)(a) |
200 | 190,750 | ||||||
|
Sands China Ltd., 3.35%, 03/08/29 (Call 01/08/29) |
300 | 251,587 | ||||||
|
Wynn Macau Ltd., 5.63%, 08/26/28 (Call 08/26/23)(a) |
200 | 173,875 | ||||||
|
|
|
|||||||
| 616,212 | ||||||||
| Malaysia — 2.3% | ||||||||
|
Axiata SPV2 Bhd, 2.16%, 08/19/30 (Call 05/19/30)(a) |
200 | 171,537 | ||||||
|
Gohl Capital Ltd., 4.25%, 01/24/27(a) |
200 | 188,240 | ||||||
|
Petronas
Capital Ltd. |
200 | 171,250 | ||||||
|
4.55%, 04/21/50 (Call 10/21/49)(a) |
200 | 187,000 | ||||||
|
TNB Global Ventures Capital Bhd, 4.85%, 11/01/28(a) |
200 | 200,475 | ||||||
|
|
|
|||||||
| 918,502 | ||||||||
|
S C H E D U L E O F I N V E S T M E N T S |
7 |
|
Schedule of Investments (unaudited) (continued) April 30, 2023 |
iShares® J.P. Morgan Broad USD Emerging Markets Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Mexico — 3.0% |
||||||||
|
America Movil SAB de CV, 4.70%, 07/21/32 (Call 04/21/32) |
$ | 200 | $ | 198,225 | ||||
|
BBVA Bancomer SA/Texas, 5.13%, 01/18/33 (Call 01/18/28), (5-year CMT + 2.650%)(a)(c) |
200 | 176,412 | ||||||
|
Cemex
SAB de CV, 3.88%, 07/11/31 |
200 | 166,537 | ||||||
|
Coca-Cola Femsa SAB de CV, 1.85%, 09/01/32 (Call 06/01/32) |
150 | 118,809 | ||||||
|
Grupo Televisa SAB, 6.63%, 01/15/40 |
50 | 53,063 | ||||||
|
Petroleos
Mexicanos |
100 | 76,813 | ||||||
|
6.75%, 09/21/47 |
200 | 123,100 | ||||||
|
6.88%, 08/04/26 |
100 | 93,775 | ||||||
|
7.69%, 01/23/50 (Call 07/23/49) |
100 | 66,625 | ||||||
|
8.75%, 06/02/29 (Call 04/02/29) |
100 | 91,563 | ||||||
|
Southern Copper Corp., 6.75%, 04/16/40 |
50 | 55,925 | ||||||
|
|
|
|||||||
| 1,220,847 | ||||||||
| Morocco — 0.5% | ||||||||
|
OCP SA, 6.88%, 04/25/44(a) |
200 | 184,413 | ||||||
|
|
|
|||||||
|
Panama — 0.4% |
||||||||
|
C&W Senior Financing DAC, 6.88%, 09/15/27 (Call 09/15/23)(a) |
200 | 173,500 | ||||||
|
|
|
|||||||
|
Paraguay — 0.5% |
||||||||
|
Telefonica Celular del Paraguay SA, 5.88%, 04/15/27 (Call 04/15/24) |
200 | 184,100 | ||||||
|
|
|
|||||||
|
Peru — 1.0% |
||||||||
|
Banco de Credito del Peru SA, 3.13%, 07/01/30 (Call 07/01/25), (5-year CMT + 3.000%)(a)(c) |
100 | 91,738 | ||||||
|
Consorcio Transmantaro SA, 4.70%, 04/16/34 (Call 01/16/34)(a) |
200 | 182,912 | ||||||
|
Petroleos del Peru SA, 4.75%, 06/19/32(a) |
200 | 148,219 | ||||||
|
|
|
|||||||
| 422,869 | ||||||||
| Philippines — 0.4% | ||||||||
|
SMC Global Power Holdings Corp., 7.00%, (Call 10/21/25), (5-year CMT + 9.199%)(a)(b)(c) |
200 | 171,200 | ||||||
|
|
|
|||||||
|
Qatar — 1.3% |
||||||||
|
Qatar Petroleum, 3.13%, 07/12/41 (Call 01/12/41)(a) |
200 | 157,475 | ||||||
|
QNB Finance Ltd., 1.38%, 01/26/26(a) |
200 | 182,162 | ||||||
|
SingTel Group Treasury Pte Ltd., 2.38%, 08/28/29 (Call 05/28/29)(a) |
200 | 177,413 | ||||||
|
|
|
|||||||
| 517,050 | ||||||||
| Saudi Arabia — 1.4% | ||||||||
|
Gaci First Investment Co., 5.25%, 10/13/32 (Call 07/13/32)(a) |
200 | 209,412 | ||||||
|
Riyad Sukuk Ltd., 3.17%, 02/25/30 (Call 02/25/25), (5-year CMT + 1.791%)(a)(c) |
200 | 190,162 | ||||||
|
Saudi Arabian Oil Co., 4.38%, 04/16/49(a) |
200 | 176,538 | ||||||
|
|
|
|||||||
| 576,112 | ||||||||
| Singapore — 1.8% | ||||||||
|
BOC Aviation Ltd., 3.50%, 09/18/27 (Call 06/18/27)(a) |
200 | 189,475 | ||||||
|
Flex Ltd., 4.88%, 06/15/29 (Call 03/15/29) |
200 | 193,688 | ||||||
|
Oversea-Chinese Banking Corp. Ltd., 1.83%, 09/10/30 (Call 09/10/25), (5-year CMT + 1.580%)(a)(c) |
200 | 183,344 | ||||||
|
United Overseas Bank Ltd., 2.00%, 10/14/31 (Call 10/14/26), (5-year CMT + 1.230%)(a)(c) |
200 | 177,100 | ||||||
|
|
|
|||||||
| 743,607 | ||||||||
| South Africa — 0.5% | ||||||||
|
Sasol Financing USA LLC, 6.50%, 09/27/28 (Call 06/27/28) |
200 | 184,350 | ||||||
|
|
|
|||||||
|
South Korea — 2.4% |
||||||||
|
POSCO, 5.75%, 01/17/28(a) |
200 | 207,600 | ||||||
|
Shinhan Bank Co. Ltd., 1.38%, 10/21/26(a) |
200 | 178,100 | ||||||
| Security | Par (000) |
Value | ||||||
|
South Korea (continued) |
||||||||
|
Shinhan Financial Group Co. Ltd., 5.88%, (Call 08/13/23), (5-year CMT + 3.051%)(a)(b)(c) |
$ | 200 | $ | 197,787 | ||||
|
SK Hynix Inc., 6.38%, 01/17/28(d) |
200 | 200,712 | ||||||
|
Woori Bank, 4.25%, (Call 10/04/24), (5-year CMT + 2.664%)(a)(b)(c) |
200 | 189,850 | ||||||
|
|
|
|||||||
| 974,049 | ||||||||
| Taiwan — 1.5% | ||||||||
|
TSMC
Arizona Corp. |
200 | 161,932 | ||||||
|
3.88%, 04/22/27 (Call 03/22/27) |
300 | 294,337 | ||||||
|
TSMC Global Ltd., 2.25%, 04/23/31 (Call 01/23/31)(a) |
200 | 168,510 | ||||||
|
|
|
|||||||
| 624,779 | ||||||||
| Thailand — 1.2% | ||||||||
|
Bangkok Bank PCL/Hong Kong, 3.73%, 09/25/34 (Call 09/25/29), (5-year CMT + 1.900%)(a)(c) |
200 | 171,913 | ||||||
|
Kasikornbank PCL/Hong Kong, 3.34%, 10/02/31 (Call 10/02/26), (5-year CMT + 1.700%)(a)(c) |
200 | 179,225 | ||||||
|
Thaioil Treasury Center Co. Ltd., 3.50%, 10/17/49(a) |
200 | 128,725 | ||||||
|
|
|
|||||||
| 479,863 | ||||||||
| Turkey — 0.4% | ||||||||
|
DBS Group Holdings Ltd., 1.82%, 03/10/31 (Call 03/10/26), (5-year CMT + 1.100%)(a)(c) |
200 | 180,725 | ||||||
|
|
|
|||||||
|
United Arab Emirates — 1.7% |
||||||||
|
Abu Dhabi National Energy Co. PJSC, 6.50%, 10/27/36(a) |
100 | 115,144 | ||||||
|
DP World Ltd./United Arab Emirates, 6.85%, 07/02/37(a) |
100 | 111,675 | ||||||
|
Energean Israel Finance Ltd., 4.88%, 03/30/26 (Call 12/30/25)(d) |
50 | 45,884 | ||||||
|
First Abu Dhabi Bank PJSC, 4.50%, (Call 04/05/26), (5-year CMT + 4.138%)(a)(b)(c) |
200 | 188,913 | ||||||
|
MDGH GMTN RSC Ltd., 5.50%, 04/28/33 (Call 01/28/33)(a) |
200 | 216,037 | ||||||
|
Shelf Drilling Holdings Ltd., 8.25%, 02/15/25 (Call 02/15/24) |
20 | 18,123 | ||||||
|
|
|
|||||||
| 695,776 | ||||||||
| United Kingdom — 1.5% | ||||||||
|
Standard
Chartered PLC |
||||||||
|
4.64%, 04/01/31 (Call 04/01/30), (1-year CMT + 3.850%)(a)(c) |
200 | 186,533 | ||||||
|
6.17%, 01/09/27 (Call 01/09/26), (1-year CMT + 2.050%)(a)(c) |
200 | 202,024 | ||||||
|
6.30%, 01/09/29 (Call 01/09/28), (1-year CMT + 2.450%)(a)(c) |
200 | 203,840 | ||||||
|
|
|
|||||||
| 592,397 | ||||||||
| Zambia — 0.5% | ||||||||
|
First Quantum Minerals Ltd., 6.88%, 03/01/26 (Call 03/01/24)(a) |
200 | 195,500 | ||||||
|
|
|
|||||||
|
Total
Corporate Bonds & Notes — 48.1% |
19,525,255 | |||||||
|
|
|
|||||||
|
Foreign Government and Agency Obligations(e) |
| |||||||
| Angola — 0.6% | ||||||||
|
Angolan Government International Bond, 8.75%, 04/14/32(a) |
300 | 248,119 | ||||||
|
|
|
|||||||
|
Argentina — 0.8% |
||||||||
|
Argentine
Republic Government International Bond |
330 | 80,190 | ||||||
|
1.00%, 07/09/29 (Call 05/30/23) |
50 | 11,853 | ||||||
|
1.50%, 07/09/35 (Call 05/29/23)(f) |
420 | 93,397 | ||||||
|
1.50%, 07/09/46 (Call 05/29/23)(f) |
50 | 11,463 | ||||||
|
3.50%, 07/09/41 (Call 05/29/23)(f) |
220 | 54,973 | ||||||
|
3.88%, 01/09/38 (Call 05/29/23)(f) |
225 | 62,128 | ||||||
|
|
|
|||||||
| 314,004 | ||||||||
| 8 |
2 0 2 3 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
|
Schedule of Investments (unaudited) (continued) April 30, 2023 |
iShares® J.P. Morgan Broad USD Emerging Markets Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Bahrain — 1.9% |
||||||||
|
Bahrain
Government International Bond |
$ | 200 | $ | 184,413 | ||||
|
5.63%, 05/18/34(a) |
200 | 174,975 | ||||||
|
7.38%, 05/14/30(a) |
200 | 205,600 | ||||||
|
CBB International Sukuk Co. 7 SPC, 6.88%, 10/05/25(a) |
200 | 205,912 | ||||||
|
|
|
|||||||
| 770,900 | ||||||||
| Brazil — 1.2% | ||||||||
|
Brazilian
Government International Bond |
200 | 191,225 | ||||||
|
5.63%, 02/21/47 |
200 | 169,100 | ||||||
|
8.25%, 01/20/34 |
100 | 115,175 | ||||||
|
|
|
|||||||
| 475,500 | ||||||||
| Chile — 1.3% | ||||||||
|
Chile
Government International Bond |
200 | 175,662 | ||||||
|
4.00%, 01/31/52 (Call 07/31/51) |
200 | 165,913 | ||||||
|
4.34%, 03/07/42 (Call 09/07/41) |
200 | 181,662 | ||||||
|
|
|
|||||||
| 523,237 | ||||||||
| China — 0.4% | ||||||||
|
China Government International Bond, 1.75%, 10/26/31 |
200 | 174,663 | ||||||
|
|
|
|||||||
|
Colombia — 1.5% |
||||||||
|
Colombia
Government International Bond |
200 | 123,913 | ||||||
|
4.13%, 05/15/51 (Call 11/15/50) |
200 | 117,663 | ||||||
|
6.13%, 01/18/41 |
200 | 157,162 | ||||||
|
8.00%, 04/20/33 (Call 01/20/33) |
200 | 199,162 | ||||||
|
|
|
|||||||
| 597,900 | ||||||||
| Costa Rica — 0.5% | ||||||||
|
Costa Rica Government International Bond, 6.13%, 02/19/31(a) |
200 | 201,288 | ||||||
|
|
|
|||||||
|
Dominican Republic — 2.2% |
||||||||
|
Dominican
Republic International Bond |
150 | 128,934 | ||||||
|
5.30%, 01/21/41(a) |
150 | 118,388 | ||||||
|
5.50%, 02/22/29 (Call 12/22/28)(a) |
200 | 190,288 | ||||||
|
6.40%, 06/05/49(a) |
150 | 125,606 | ||||||
|
6.85%, 01/27/45(a) |
100 | 89,800 | ||||||
|
6.88%, 01/29/26(a) |
150 | 152,653 | ||||||
|
7.45%, 04/30/44(a) |
100 | 96,831 | ||||||
|
|
|
|||||||
| 902,500 | ||||||||
| Ecuador — 0.7% | ||||||||
|
Ecuador
Government International Bond |
25 | 7,630 | ||||||
|
1.50%, 07/31/40(a)(f) |
150 | 48,778 | ||||||
|
2.50%, 07/31/35(a)(f) |
350 | 127,816 | ||||||
|
5.50%, 07/31/30(a)(f) |
155 | 81,452 | ||||||
|
|
|
|||||||
| 265,676 | ||||||||
| Egypt — 1.5% | ||||||||
|
Egypt
Government International Bond |
200 | 122,787 | ||||||
|
7.60%, 03/01/29(a) |
200 | 122,163 | ||||||
|
7.63%, 05/29/32(a) |
200 | 111,475 | ||||||
|
8.88%, 05/29/50(a) |
200 | 105,850 | ||||||
|
Egyptian Financial Co. for Sovereign Taskeek (The), 10.88%, 02/28/26(d) |
200 | 164,162 | ||||||
|
|
|
|||||||
| 626,437 | ||||||||
| Security | Par (000) |
Value | ||||||
|
El Salvador — 0.2% |
||||||||
|
El Salvador Government International Bond, 7.12%, 01/20/50(Call 07/06/49)(a) |
$ | 150 | $ | 72,731 | ||||
|
|
|
|||||||
|
Ghana — 0.3% |
||||||||
|
Ghana Government International Bond, 8.13%, 03/26/32(a)(h)(i) |
300 | 108,619 | ||||||
|
|
|
|||||||
|
Hungary — 1.2% |
||||||||
|
Hungary
Government International Bond |
300 | 296,681 | ||||||
|
6.75%, 09/25/52(a) |
200 | 207,788 | ||||||
|
|
|
|||||||
| 504,469 | ||||||||
| India — 0.4% | ||||||||
|
Export-Import Bank of India, 3.25%, 01/15/30(a) |
200 | 178,663 | ||||||
|
|
|
|||||||
|
Indonesia — 2.3% |
||||||||
|
Indonesia
Government International Bond |
200 | 160,975 | ||||||
|
3.85%, 10/15/30 |
200 | 192,225 | ||||||
|
4.55%, 01/11/28 (Call 12/11/27) |
200 | 200,975 | ||||||
|
4.85%, 01/11/33 (Call 10/11/32) |
200 | 202,850 | ||||||
|
Perusahaan Penerbit SBSN Indonesia III, 1.50%, 06/09/26(a) |
200 | 183,412 | ||||||
|
|
|
|||||||
| 940,437 | ||||||||
| Jamaica — 0.6% | ||||||||
|
Jamaica Government International Bond, 8.00%, 03/15/39 |
200 | 241,725 | ||||||
|
|
|
|||||||
|
Jordan — 0.4% |
||||||||
|
Jordan Government International Bond, 5.85%, 07/07/30(a) |
200 | 179,163 | ||||||
|
|
|
|||||||
|
Kazakhstan — 1.0% |
||||||||
|
Kazakhstan
Government International Bond |
200 | 205,725 | ||||||
|
6.50%, 07/21/45(a) |
200 | 212,162 | ||||||
|
|
|
|||||||
| 417,887 | ||||||||
| Kenya — 0.4% | ||||||||
|
Republic of Kenya Government International Bond, 8.00%, 05/22/32(a) |
200 | 149,225 | ||||||
|
|
|
|||||||
|
Kuwait — 0.5% |
||||||||
|
Kuwait International Government Bond, 3.50%, 03/20/27(a) |
200 | 196,538 | ||||||
|
|
|
|||||||
|
Lebanon — 0.1% |
||||||||
|
Lebanon
Government International Bond |
200 | 11,412 | ||||||
|
6.65%, 02/26/30(a)(h)(i) |
150 | 8,466 | ||||||
|
|
|
|||||||
| 19,878 | ||||||||
| Mexico — 1.5% | ||||||||
|
Mexico
Government International Bond |
200 | 167,663 | ||||||
|
5.00%, 04/27/51 (Call 10/27/50) |
200 | 175,287 | ||||||
|
5.55%, 01/21/45 |
50 | 48,166 | ||||||
|
6.35%, 02/09/35 (Call 11/09/34) |
200 | 214,037 | ||||||
|
|
|
|||||||
| 605,153 | ||||||||
| Nigeria — 1.1% | ||||||||
|
Nigeria
Government International Bond |
200 | 131,413 | ||||||
|
8.38%, 03/24/29(a) |
200 | 162,537 | ||||||
|
8.75%, 01/21/31(a) |
200 | 158,350 | ||||||
|
|
|
|||||||
| 452,300 | ||||||||
| Oman — 2.7% | ||||||||
|
Oman
Government International Bond |
500 | 502,906 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
9 |
|
Schedule of Investments (unaudited) (continued) April 30, 2023 |
iShares® J.P. Morgan Broad USD Emerging Markets Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Oman (continued) |
||||||||
|
6.00%, 08/01/29(a) |
$ | 200 | $ | 204,037 | ||||
|
6.75%, 10/28/27(a) |
200 | 210,475 | ||||||
|
6.75%, 01/17/48(a) |
200 | 193,038 | ||||||
|
|
|
|||||||
| 1,110,456 | ||||||||
| Pakistan — 0.2% | ||||||||
|
Pakistan Global Sukuk Programme Co. Ltd. (The), 7.95%, 01/31/29(a) |
200 | 84,788 | ||||||
|
|
|
|||||||
|
Panama — 2.1% |
||||||||
|
Panama
Government International Bond |
300 | 231,525 | ||||||
|
3.16%, 01/23/30 (Call 10/23/29) |
200 | 176,662 | ||||||
|
3.87%, 07/23/60 (Call 01/23/60) |
200 | 133,725 | ||||||
|
4.50%, 05/15/47 (Call 11/15/46) |
200 | 160,288 | ||||||
|
4.50%, 04/16/50 (Call 10/16/49) |
200 | 156,225 | ||||||
|
|
|
|||||||
| 858,425 | ||||||||
| Peru — 1.8% | ||||||||
|
Peruvian
Government International Bond |
200 | 173,162 | ||||||
|
3.00%, 01/15/34 (Call 10/15/33) |
100 | 83,644 | ||||||
|
3.60%, 01/15/72 (Call 07/15/71) |
100 | 68,675 | ||||||
|
5.63%, 11/18/50 |
200 | 206,850 | ||||||
|
7.35%, 07/21/25 |
200 | 210,725 | ||||||
|
|
|
|||||||
| 743,056 | ||||||||
| Philippines — 2.7% | ||||||||
|
Philippine
Government International Bond |
200 | 161,850 | ||||||
|
3.00%, 02/01/28 |
200 | 188,913 | ||||||
|
3.20%, 07/06/46 |
200 | 151,225 | ||||||
|
3.75%, 01/14/29 |
200 | 193,162 | ||||||
|
3.95%, 01/20/40 |
200 | 175,225 | ||||||
|
6.38%, 10/23/34 |
100 | 113,050 | ||||||
|
10.63%, 03/16/25 |
100 | 111,425 | ||||||
|
|
|
|||||||
| 1,094,850 | ||||||||
| Poland — 1.0% | ||||||||
|
Republic
of Poland Government International Bond |
60 | 58,511 | ||||||
|
4.88%, 10/04/33 (Call 07/04/33) |
100 | 101,519 | ||||||
|
5.50%, 11/16/27 (Call 08/16/27) |
70 | 73,229 | ||||||
|
5.50%, 04/04/53 (Call 10/04/52) |
87 | 90,333 | ||||||
|
5.75%, 11/16/32 (Call 08/16/32) |
70 | 75,766 | ||||||
|
|
|
|||||||
| 399,358 | ||||||||
| Qatar — 2.5% | ||||||||
|
Qatar Government International Bond 3.40%, 04/16/25(a) |
300 | 293,775 | ||||||
|
3.75%, 04/16/30(a) |
200 | 198,038 | ||||||
|
4.40%, 04/16/50(a) |
200 | 187,475 | ||||||
|
5.10%, 04/23/48(a) |
200 | 205,037 | ||||||
|
9.75%, 06/15/30(a) |
100 | 134,456 | ||||||
|
|
|
|||||||
| 1,018,781 | ||||||||
| Romania — 1.3% | ||||||||
|
Romanian
Government International Bond |
100 | 83,456 | ||||||
|
3.63%, 03/27/32(a) |
100 | 85,425 | ||||||
|
5.25%, 11/25/27(a) |
150 | 148,012 | ||||||
|
6.13%, 01/22/44(a) |
100 | 96,238 | ||||||
|
7.63%, 01/17/53(a) |
100 | 107,688 | ||||||
|
|
|
|||||||
| 520,819 | ||||||||
| Security | Par (000) |
Value | ||||||
|
Saudi Arabia — 2.9% |
||||||||
|
Saudi
Government International Bond |
$ | 200 | $ | 193,975 | ||||
|
3.63%, 03/04/28(a) |
200 | 194,100 | ||||||
|
4.38%, 04/16/29(a) |
200 | 201,787 | ||||||
|
4.50%, 10/26/46(a) |
200 | 179,663 | ||||||
|
5.00%, 04/17/49(a) |
200 | 189,475 | ||||||
|
5.50%, 10/25/32(a) |
200 | 216,412 | ||||||
|
|
|
|||||||
| 1,175,412 | ||||||||
| South Africa — 1.3% | ||||||||
|
Republic
of South Africa Government International
Bond |
200 | 190,037 | ||||||
|
5.00%, 10/12/46 |
200 | 135,975 | ||||||
|
5.88%, 04/20/32 |
200 | 181,538 | ||||||
|
|
|
|||||||
| 507,550 | ||||||||
| South Korea — 0.5% | ||||||||
|
Korea Gas Corp., 3.88%, 07/13/27(a) |
200 | 196,710 | ||||||
|
|
|
|||||||
|
Sri Lanka — 0.3% |
||||||||
|
Sri Lanka Government International Bond, 6.20%, 05/11/27(a)(h)(i) |
400 | 130,950 | ||||||
|
|
|
|||||||
|
Supranational — 0.8% |
||||||||
|
Africa Finance Corp., 3.75%, 10/30/29(a) |
200 | 163,500 | ||||||
|
African Export-Import Bank (The), 3.99%, 09/21/29(Call 06/23/29)(a) |
200 | 169,250 | ||||||
|
|
|
|||||||
| 332,750 | ||||||||
| Turkey — 3.2% | ||||||||
|
Hazine Mustesarligi Varlik Kiralama AS, 9.76%, 11/13/25(a) |
200 | 204,662 | ||||||
|
Turkey
Government International Bond |
200 | 185,475 | ||||||
|
4.75%, 01/26/26 |
200 | 182,037 | ||||||
|
5.25%, 03/13/30 |
200 | 164,225 | ||||||
|
5.75%, 05/11/47 |
200 | 141,975 | ||||||
|
6.00%, 03/25/27 |
200 | 183,475 | ||||||
|
8.00%, 02/14/34 |
50 | 49,588 | ||||||
|
9.38%, 01/19/33 |
200 | 201,475 | ||||||
|
|
|
|||||||
| 1,312,912 | ||||||||
| Ukraine — 0.3% | ||||||||
|
Ukraine
Government International Bond |
200 | 32,413 | ||||||
|
7.75%, 09/01/26(a)(h)(i) |
150 | 25,528 | ||||||
|
7.75%, 09/01/28(a)(h)(i) |
100 | 17,238 | ||||||
|
9.75%, 11/01/30(a)(h)(i) |
200 | 35,537 | ||||||
|
|
|
|||||||
| 110,716 | ||||||||
| United Arab Emirates — 1.8% | ||||||||
|
Abu
Dhabi Government International Bond |
200 | 171,100 | ||||||
|
3.13%, 10/11/27(a) |
200 | 193,038 | ||||||
|
4.13%, 10/11/47(a) |
200 | 180,975 | ||||||
|
UAE International Government Bond, 4.05%, 07/07/32(a) |
200 | 200,912 | ||||||
|
|
|
|||||||
| 746,025 | ||||||||
| Uruguay — 1.3% | ||||||||
|
Uruguay
Government International Bond |
110 | 110,914 | ||||||
|
4.38%, 01/23/31 (Call 10/23/30) |
100 | 100,800 | ||||||
|
4.98%, 04/20/55 |
110 | 110,468 | ||||||
| 10 |
2 0 2 3 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
|
Schedule of Investments (unaudited) (continued) April 30, 2023 |
iShares® J.P. Morgan Broad USD Emerging Markets Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par/ Shares (000) |
Value | ||||||
| Uruguay (continued) | ||||||||
|
5.10%, 06/18/50 |
$ | 200 | $ | 204,850 | ||||
|
|
|
|||||||
| 527,032 | ||||||||
|
|
|
|||||||
|
Total Foreign Government and Agency |
20,037,602 | |||||||
|
|
|
|||||||
|
Total
Long-Term Investments — 97.4% |
|
39,562,857 | ||||||
|
|
|
|||||||
|
Short-Term Securities |
||||||||
| Money Market Funds — 1.7% | ||||||||
|
BlackRock Cash Funds: Treasury, SL Agency Shares, 4.75%(j)(k) |
680 | 680,000 | ||||||
|
|
|
|||||||
|
Total
Short-Term Securities — 1.7% |
680,000 | |||||||
|
|
|
|||||||
|
Total
Investments — 99.1% |
|
40,242,857 | ||||||
|
Other Assets Less Liabilities — 0.9% |
|
380,333 | ||||||
|
|
|
|||||||
|
Net Assets — 100.0% |
|
$ | 40,623,190 | |||||
|
|
|
|||||||
| (a) |
This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
| (b) |
Perpetual security with no stated maturity date. |
| (c) |
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. |
| (d) |
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. |
| (e) |
U.S. dollar denominated security issued by foreign domiciled entity. |
| (f) |
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. |
| (g) |
Zero-coupon bond. |
| (h) |
Issuer filed for bankruptcy and/or is in default. |
| (i) |
Non-income producing security. |
| (j) |
Affiliate of the Fund. |
| (k) |
Annualized 7-day yield as of period end. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended April 30, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
|
||||||||||||||||||||||||||||||||||||
| Affiliated Issuer | |
Value at 02/22/23 |
(a) |
|
Purchases at Cost |
|
|
Proceeds from Sale |
|
|
Net Realized Gain (Loss) |
|
|
Change in Unrealized Appreciation (Depreciation) |
|
|
Value at 04/30/23 |
|
|
Shares Held at 04/30/23 (000) |
|
Income |
|
Capital Gain Distributions from Underlying Funds |
| |||||||||||
|
|
||||||||||||||||||||||||||||||||||||
|
BlackRock Cash Funds: Treasury, SL Agency Shares |
$ | — | $680,000 | (b) | $ | — | $ | — | $ | — | $ | 680,000 | 680 | $ | 5,770 | $ | — | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (a) |
Commencement of operations. |
| (b) |
Represents net amount purchased (sold). |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
|
|
||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
|
|
||||||||||||||||
|
Assets |
||||||||||||||||
|
Investments |
||||||||||||||||
|
Long-Term Investments |
||||||||||||||||
|
Corporate Bonds & Notes |
$ | — | $ | 19,525,255 | $ | — | $ | 19,525,255 | ||||||||
|
Foreign Government and Agency Obligations |
— | 20,037,602 | — | 20,037,602 | ||||||||||||
|
Short-Term Securities |
||||||||||||||||
|
Money Market Funds |
680,000 | — | — | 680,000 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 680,000 | $ | 39,562,857 | $ | — | $ | 40,242,857 | |||||||||
|
|
|
|
|
|
|
|
|
|||||||||
See notes to financial statements.
|
S C H E D U L E O F I N V E S T M E N T S |
11 |
|
Schedule of Investments (unaudited) April 30, 2023 |
iShares® J.P. Morgan USD Emerging Markets Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Corporate Bonds & Notes |
| |||||||
| Azerbaijan — 0.4% | ||||||||
|
Southern Gas Corridor CJSC, 6.88%, 03/24/26(a) |
$ | 51,900 | $ | 53,191,012 | ||||
|
|
|
|||||||
| Bahrain — 0.2% | ||||||||
|
Oil and Gas Holding Co. BSCC (The), 7.50%, 10/25/27(a) |
25,427 | 25,995,929 | ||||||
|
|
|
|||||||
| Chile — 1.0% | ||||||||
|
Corp. Nacional del Cobre de Chile 3.00%, 09/30/29 (Call 06/30/29)(a) |
19,832 | 17,740,963 | ||||||
|
3.15%, 01/14/30 (Call 10/14/29)(a) |
17,765 | 15,952,970 | ||||||
|
3.63%, 08/01/27 (Call 05/01/27)(a) |
22,246 | 21,193,486 | ||||||
|
3.70%, 01/30/50 (Call 07/30/49)(a) |
46,752 | 34,830,240 | ||||||
|
4.38%, 02/05/49 (Call 08/05/48)(a) |
22,385 | 18,688,677 | ||||||
|
4.50%, 08/01/47 (Call 02/01/47)(a) |
22,493 | 19,193,558 | ||||||
|
Empresa de Transporte de Pasajeros Metro SA, 4.70%, 05/07/50 (Call 11/07/49)(a) |
17,856 | 15,534,720 | ||||||
|
|
|
|||||||
| 143,134,614 | ||||||||
| China — 2.1% | ||||||||
|
CNAC HK Finbridge Co. Ltd. 3.00%, 09/22/30(a) |
16,390 | 13,862,867 | ||||||
|
3.38%, 06/19/24(a) |
14,760 | 14,430,114 | ||||||
|
4.13%, 07/19/27(a) |
16,809 | 16,008,471 | ||||||
|
5.13%, 03/14/28(a) |
29,125 | 28,702,688 | ||||||
|
Minmetals Bounteous Finance BVI Ltd., 3.38%, (Call 09/03/24), (5-year CMT + 5.209%)(a)(b)(c) |
14,714 | 14,284,535 | ||||||
|
Sinopec Group Overseas Development 2012 Ltd., 4.88%, 05/17/42(a) |
15,767 | 15,612,286 | ||||||
|
Sinopec Group Overseas Development 2015 Ltd., 3.25%, 04/28/25(a) |
24,350 | 23,616,456 | ||||||
|
Sinopec Group Overseas Development 2017 Ltd., 3.63%, 04/12/27(a) |
16,762 | 16,356,569 | ||||||
|
Sinopec
Group Overseas Development 2018 Ltd. |
18,158 | 16,657,695 | ||||||
|
2.15%, 05/13/25 (Call 04/13/25)(a) |
16,702 | 15,833,496 | ||||||
|
2.30%, 01/08/31 (Call 10/08/30)(a) |
20,040 | 17,459,850 | ||||||
|
2.70%, 05/13/30 (Call 02/13/30)(a) |
24,873 | 22,514,729 | ||||||
|
2.95%, 11/12/29 (Call 08/12/29)(a) |
16,556 | 15,301,883 | ||||||
|
SPIC MTN Co. Ltd., 1.63%, 07/27/25(a) |
15,821 | 14,726,385 | ||||||
|
State Grid Overseas Investment 2014 Ltd., 4.13%, 05/07/24(a) |
600 | 595,613 | ||||||
|
State Grid Overseas Investment 2016 Ltd., 3.50%, 05/04/27(a) |
39,730 | 38,669,706 | ||||||
|
State Grid Overseas Investment BVI Ltd., 1.63%, 08/05/30 (Call 05/05/30)(a) |
20,214 | 16,920,381 | ||||||
|
Three Gorges Finance I Cayman Islands Ltd., 3.15%, 06/02/26(a) |
16,371 | 15,683,418 | ||||||
|
|
|
|||||||
| 317,237,142 | ||||||||
| Indonesia — 1.0% | ||||||||
|
Indonesia Asahan Aluminium Persero PT |
||||||||
|
4.75%, 05/15/25 (Call 04/15/25)(a) |
10,849 | 10,722,202 | ||||||
|
5.45%, 05/15/30 (Call 02/15/30)(a) |
10,032 | 9,969,300 | ||||||
|
Pelabuhan Indonesia Persero PT, 4.25%, 05/05/25(a) |
11,080 | 10,857,015 | ||||||
|
Pertamina Persero PT |
||||||||
|
1.40%, 02/09/26 (Call 01/09/26)(a) |
10,916 | 9,911,728 | ||||||
|
4.18%, 01/21/50 (Call 07/21/49)(a) |
10,863 | 8,539,676 | ||||||
|
5.63%, 05/20/43(a) |
14,999 | 14,284,673 | ||||||
|
6.00%, 05/03/42(a) |
13,151 | 13,046,614 | ||||||
|
6.45%, 05/30/44(a) |
15,595 | 16,148,622 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Indonesia (continued) |
| |||||||
|
Perusahaan Listrik Negara PT, 4.13%, 05/15/27(a) |
$ | 16,273 | $ | 15,777,691 | ||||
|
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara |
||||||||
|
4.00%, 06/30/50 (Call 12/30/49)(a) |
10,661 | 7,724,561 | ||||||
|
5.25%, 10/24/42(a) |
10,425 | 9,290,239 | ||||||
|
5.45%, 05/21/28(a) |
10,506 | 10,671,469 | ||||||
|
6.15%, 05/21/48(a) |
10,692 | 10,416,681 | ||||||
|
|
|
|||||||
| 147,360,471 | ||||||||
| Malaysia — 1.9% | ||||||||
|
Petronas
Capital Ltd. |
33,426 | 28,621,013 | ||||||
|
3.40%, 04/28/61 (Call 10/28/60)(a) |
45,876 | 33,546,825 | ||||||
|
3.50%, 03/18/25(a) |
38,468 | 37,657,768 | ||||||
|
3.50%, 04/21/30 (Call 01/21/30)(a) |
58,768 | 55,418,224 | ||||||
|
4.50%, 03/18/45(a) |
39,869 | 37,377,187 | ||||||
|
4.55%, 04/21/50 (Call 10/21/49)(a) |
71,862 | 67,190,970 | ||||||
|
4.80%, 04/21/60 (Call 10/21/59)(a) |
26,143 | 25,227,995 | ||||||
|
|
|
|||||||
| 285,039,982 | ||||||||
| Mexico — 2.5% | ||||||||
|
Banco Nacional de Comercio Exterior SNC/Cayman Islands, 4.38%, 10/14/25(a) |
8,533 | 8,299,942 | ||||||
|
Comision Federal de Electricidad, 4.69%, 05/15/29 (Call 03/15/29)(a) |
10,468 | 9,423,163 | ||||||
|
Mexico City Airport Trust, 5.50%, 07/31/47 (Call 01/31/47)(a) |
17,861 | 13,694,922 | ||||||
|
Petroleos Mexicanos |
||||||||
|
4.50%, 01/23/26 |
9,654 | 8,745,607 | ||||||
|
5.35%, 02/12/28 |
15,898 | 13,178,448 | ||||||
|
5.95%, 01/28/31 (Call 10/28/30) |
32,827 | 24,272,284 | ||||||
|
6.35%, 02/12/48 |
12,889 | 7,549,087 | ||||||
|
6.38%, 01/23/45 |
10,119 | 6,039,778 | ||||||
|
6.49%, 01/23/27 (Call 11/23/26) |
13,650 | 12,216,750 | ||||||
|
6.50%, 03/13/27 |
34,521 | 30,772,019 | ||||||
|
6.50%, 01/23/29 |
10,338 | 8,704,854 | ||||||
|
6.50%, 06/02/41 |
13,452 | 8,508,390 | ||||||
|
6.63%, 06/15/35 |
24,130 | 16,762,387 | ||||||
|
6.70%, 02/16/32 (Call 11/16/31) |
59,063 | 45,367,767 | ||||||
|
6.75%, 09/21/47 |
48,339 | 29,752,655 | ||||||
|
6.84%, 01/23/30 (Call 10/23/29) |
20,425 | 16,426,296 | ||||||
|
6.88%, 08/04/26 |
21,618 | 20,272,280 | ||||||
|
6.95%, 01/28/60 (Call 07/28/59) |
32,412 | 19,633,569 | ||||||
|
7.69%, 01/23/50 (Call 07/23/49) |
67,807 | 45,176,414 | ||||||
|
8.75%, 06/02/29 (Call 04/02/29) |
16,553 | 15,156,681 | ||||||
|
10.00%, 02/07/33 (Call 11/07/32)(d) |
15,527 | 14,393,529 | ||||||
|
10.00%, 02/07/33 (Call 11/07/32) |
1,700 | 1,575,900 | ||||||
|
|
|
|||||||
| 375,922,722 | ||||||||
| Panama — 0.2% | ||||||||
|
Aeropuerto Internacional de Tocumen SA, 5.13%, 08/11/61 (Call 08/11/60)(a) |
26,433 | 20,308,804 | ||||||
|
Banco Nacional de Panama, 2.50%, 08/11/30 (Call 05/11/30)(a) |
20,621 | 16,342,143 | ||||||
|
|
|
|||||||
| 36,650,947 | ||||||||
| Peru — 0.3% | ||||||||
|
Petroleos del Peru SA |
||||||||
|
4.75%, 06/19/32(a) |
21,231 | 15,734,188 | ||||||
|
5.63%, 06/19/47(a) |
42,353 | 26,851,802 | ||||||
|
|
|
|||||||
| 42,585,990 | ||||||||
| 12 |
2 0 2 3 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
|
Schedule of Investments (unaudited) (continued) April 30, 2023 |
iShares® J.P. Morgan USD Emerging Markets Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Philippines — 0.1% |
| |||||||
|
Power Sector Assets & Liabilities Management Corp., 7.39%, 12/02/24(a) |
$ | 19,728 | $ | 20,385,189 | ||||
| Qatar — 0.9% | ||||||||
|
Qatar Energy |
||||||||
|
1.38%, 09/12/26 (Call 08/12/26)(a) |
20,574 | 18,610,469 | ||||||
|
2.25%, 07/12/31 (Call 04/12/31)(a) |
44,881 | 38,634,126 | ||||||
|
Qatar Petroleum |
||||||||
|
3.13%, 07/12/41 (Call 01/12/41)(a) |
47,823 | 37,654,635 | ||||||
|
3.30%, 07/12/51 (Call 01/12/51)(a) |
54,842 | 41,347,440 | ||||||
|
|
|
|||||||
| 136,246,670 | ||||||||
| Saudi Arabia — 0.5% | ||||||||
|
Gaci First Investment Co. |
||||||||
|
4.75%, 02/14/30 (Call 01/14/30)(a) |
17,359 | 17,541,269 | ||||||
|
4.88%, 02/14/35 (Call 11/14/34)(a) |
19,788 | 19,606,198 | ||||||
|
5.00%, 10/13/27 (Call 09/13/27)(a) |
12,431 | 12,685,836 | ||||||
|
5.13%, 02/14/53 (Call 08/14/52)(a) |
16,945 | 15,814,980 | ||||||
|
5.25%, 10/13/32 (Call 07/13/32)(a) |
12,525 | 13,114,458 | ||||||
|
|
|
|||||||
| 78,762,741 | ||||||||
| South Africa — 0.5% | ||||||||
|
Eskom Holdings SOC Ltd. |
||||||||
|
6.35%, 08/10/28(a) |
24,114 | 22,702,969 | ||||||
|
7.13%, 02/11/25(a) |
29,745 | 28,951,180 | ||||||
|
Transnet SOC Ltd. |
||||||||
|
8.25%, 02/06/28(d) |
22,236 | 22,003,912 | ||||||
|
8.25%, 02/06/28(a) |
3,840 | 3,799,920 | ||||||
|
|
|
|||||||
| 77,457,981 | ||||||||
| United Arab Emirates — 1.3% | ||||||||
|
Abu Dhabi Crude Oil Pipeline LLC, 4.60%, 11/02/47(a) |
24,133 | 22,772,502 | ||||||
|
DP World Crescent Ltd. |
||||||||
|
3.88%, 07/18/29(a) |
10,508 | 10,004,273 | ||||||
|
4.85%, 09/26/28(a) |
10,658 | 10,636,684 | ||||||
|
DP World Ltd./United Arab Emirates |
||||||||
|
5.63%, 09/25/48(a) |
13,971 | 13,520,435 | ||||||
|
6.85%, 07/02/37(a) |
19,660 | 21,955,305 | ||||||
|
DP World Salaam, 6.00%, (Call 10/01/25), (5-year CMT + 5.750%)(a)(b)(c) |
16,524 | 16,487,854 | ||||||
|
MDGH
GMTN RSC Ltd. |
7,237 | 6,985,062 | ||||||
|
2.50%, 05/21/26 (Call 04/21/26)(a) |
11,382 | 10,715,442 | ||||||
|
2.88%, 11/07/29 (Call 08/07/29)(a) |
11,947 | 10,930,012 | ||||||
|
2.88%, 05/21/30 (Call 02/21/30)(a) |
11,347 | 10,320,806 | ||||||
|
3.38%, 03/28/32 (Call 12/28/31)(a) |
10,780 | 9,975,488 | ||||||
|
3.40%, 06/07/51 (Call 12/07/50)(a) |
11,009 | 8,616,607 | ||||||
|
3.70%, 11/07/49 (Call 05/07/49)(a) |
16,179 | 13,300,149 | ||||||
|
3.95%, 05/21/50 (Call 11/21/49)(a) |
20,239 | 17,295,490 | ||||||
|
5.50%, 04/28/33 (Call 01/28/33)(a) |
11,480 | 12,400,552 | ||||||
|
|
|
|||||||
| 195,916,661 | ||||||||
| Venezuela — 0.0% | ||||||||
|
Petroleos
de Venezuela SA |
14,002 | 350,058 | ||||||
|
0.00%, 05/16/24(a)(e)(f)(g) |
32,388 | 923,041 | ||||||
|
0.00%, 04/12/37(a)(e)(f)(g) |
22,444 | 561,105 | ||||||
|
5.38%, 04/12/27(a)(e)(f) |
24,185 | 604,625 | ||||||
|
6.00%, 11/15/26(a)(e)(f) |
30,450 | 867,835 | ||||||
|
9.00%, 11/17/21(a)(e)(f) |
28,268 | 706,701 | ||||||
| Security |
Par (000) |
Value | ||||||
| Venezuela (continued) | ||||||||
|
9.75%, 05/17/35(a)(e)(f) |
$ | 31,912 | $ | 1,148,809 | ||||
|
|
|
|||||||
| 5,162,174 | ||||||||
|
|
|
|||||||
|
Total
Corporate Bonds & Notes — 12.9% |
1,941,050,225 | |||||||
|
|
|
|||||||
|
Foreign Government and Agency Obligations(h) |
| |||||||
| Angola — 1.1% | ||||||||
|
Angolan
Government International Bond |
44,333 | 37,289,595 | ||||||
|
8.25%, 05/09/28(a) |
45,225 | 39,523,824 | ||||||
|
8.75%, 04/14/32(a) |
45,458 | 37,596,607 | ||||||
|
9.13%, 11/26/49(a) |
32,769 | 24,449,770 | ||||||
|
9.38%, 05/08/48(a) |
46,042 | 35,288,315 | ||||||
|
|
|
|||||||
| 174,148,111 | ||||||||
| Argentina — 1.2% | ||||||||
|
Argentine
Republic Government International Bond |
189,671 | 46,089,991 | ||||||
|
1.00%, 07/09/29 (Call 05/30/23) |
31,875 | 7,556,273 | ||||||
|
1.50%, 07/09/35 (Call 05/29/23)(i) |
240,181 | 53,410,363 | ||||||
|
1.50%, 07/09/46 (Call 05/29/23)(i) |
24,174 | 5,541,966 | ||||||
|
3.50%, 07/09/41 (Call 05/29/23)(i) |
123,680 | 30,904,611 | ||||||
|
3.88%, 01/09/38 (Call 05/29/23)(i) |
135,402 | 37,387,823 | ||||||
|
|
|
|||||||
| 180,891,027 | ||||||||
| Azerbaijan — 0.2% | ||||||||
|
Republic of Azerbaijan International Bond, 3.50%, 09/01/32(a) |
28,336 | 24,613,358 | ||||||
|
|
|
|||||||
| Bahrain — 2.8% | ||||||||
|
Bahrain
Government International Bond |
26,334 | 22,734,471 | ||||||
|
5.45%, 09/16/32(a) |
27,355 | 24,410,918 | ||||||
|
5.63%, 09/30/31(a) |
26,160 | 24,121,155 | ||||||
|
5.63%, 05/18/34(a) |
26,301 | 23,010,087 | ||||||
|
6.00%, 09/19/44(a) |
32,530 | 25,552,315 | ||||||
|
6.75%, 09/20/29(a) |
32,269 | 32,083,453 | ||||||
|
7.00%, 01/26/26(a) |
29,204 | 29,930,450 | ||||||
|
7.00%, 10/12/28(a) |
40,841 | 41,742,055 | ||||||
|
7.38%, 05/14/30(a) |
26,391 | 27,129,948 | ||||||
|
7.75%, 04/18/35 |
24,775 | 24,898,875 | ||||||
|
CBB International Sukuk Co. 7 SPC, 6.88%, 10/05/25(a) |
26,252 | 27,028,075 | ||||||
|
CBB
International Sukuk Programme Co. |
26,231 | 23,645,607 | ||||||
|
3.95%, 09/16/27(a) |
25,876 | 24,829,639 | ||||||
|
4.50%, 03/30/27(a) |
25,634 | 24,941,882 | ||||||
|
6.25%, 11/14/24(a) |
23,192 | 23,319,556 | ||||||
|
6.25%, 10/18/30(d) |
24,800 | 25,048,000 | ||||||
|
|
|
|||||||
| 424,426,486 | ||||||||
| Bolivia — 0.1% | ||||||||
|
Bolivian Government International Bond, 4.50%, 03/20/28(a) |
25,758 | 14,300,520 | ||||||
|
|
|
|||||||
| Brazil — 3.7% | ||||||||
|
Brazilian
Government International Bond |
30,616 | 29,272,723 | ||||||
|
3.75%, 09/12/31 |
27,023 | 23,346,183 | ||||||
|
3.88%, 06/12/30 |
58,549 | 52,302,554 | ||||||
|
4.25%, 01/07/25 |
72,816 | 71,987,718 | ||||||
|
4.50%, 05/30/29 (Call 02/28/29) |
34,442 | 32,661,779 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
13 |
|
Schedule of Investments (unaudited) (continued) April 30, 2023 |
iShares® J.P. Morgan USD Emerging Markets Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
| Brazil (continued) | ||||||||
|
4.63%, 01/13/28 (Call 10/13/27) |
$ | 52,315 | $ | 51,213,115 | ||||
|
4.75%, 01/14/50 (Call 07/14/49) |
69,298 | 51,011,990 | ||||||
|
5.00%, 01/27/45 |
53,520 | 42,056,685 | ||||||
|
5.63%, 01/07/41 |
39,296 | 34,808,888 | ||||||
|
5.63%, 02/21/47 |
47,883 | 40,485,076 | ||||||
|
6.00%, 04/07/26 |
38,084 | 39,471,686 | ||||||
|
6.00%, 10/20/33 |
30,200 | 29,648,850 | ||||||
|
7.13%, 01/20/37 |
28,843 | 30,822,351 | ||||||
|
8.25%, 01/20/34 |
24,004 | 27,646,607 | ||||||
|
|
|
|||||||
| 556,736,205 | ||||||||
| Chile — 2.3% | ||||||||
|
Chile
Government International Bond |
30,805 | 27,056,416 | ||||||
|
2.55%, 01/27/32 (Call 10/27/31) |
26,191 | 22,782,896 | ||||||
|
2.55%, 07/27/33 (Call 04/27/33) |
37,974 | 31,822,212 | ||||||
|
2.75%, 01/31/27 (Call 12/31/26) |
26,786 | 25,267,569 | ||||||
|
3.10%, 05/07/41 (Call 11/07/40) |
48,366 | 37,341,575 | ||||||
|
3.10%, 01/22/61 (Call 07/22/60) |
34,599 | 23,177,005 | ||||||
|
3.24%, 02/06/28 (Call 11/06/27) |
35,578 | 34,061,488 | ||||||
|
3.25%, 09/21/71 (Call 03/21/71) |
17,746 | 11,826,600 | ||||||
|
3.50%, 01/31/34 (Call 10/31/33) |
27,182 | 24,596,312 | ||||||
|
3.50%, 01/25/50 (Call 07/25/49) |
40,503 | 31,169,590 | ||||||
|
3.50%, 04/15/53 (Call 10/15/52) |
26,477 | 20,210,225 | ||||||
|
3.86%, 06/21/47 |
22,820 | 18,987,666 | ||||||
|
4.00%, 01/31/52 (Call 07/31/51) |
17,414 | 14,446,001 | ||||||
|
4.34%, 03/07/42 (Call 09/07/41) |
35,650 | 32,381,341 | ||||||
|
|
|
|||||||
| 355,126,896 | ||||||||
| China — 1.7% | ||||||||
|
China Development Bank, 1.00%, 10/27/25(a) |
16,284 | 14,933,446 | ||||||
|
China
Government International Bond |
37,143 | 33,911,559 | ||||||
|
0.75%, 10/26/24(a) |
12,471 | 11,845,891 | ||||||
|
1.20%, 10/21/30(a) |
32,230 | 27,351,184 | ||||||
|
1.25%, 10/26/26(a) |
25,154 | 22,918,438 | ||||||
|
1.75%, 10/26/31(a) |
16,438 | 14,355,511 | ||||||
|
1.95%, 12/03/24(a) |
30,418 | 29,349,568 | ||||||
|
2.13%, 12/03/29(a) |
32,771 | 30,053,055 | ||||||
|
2.63%, 11/02/27(a) |
16,934 | 16,238,647 | ||||||
|
3.50%, 10/19/28(a) |
16,337 | 16,243,062 | ||||||
|
Export-Import
Bank of China (The) |
16,340 | 15,689,464 | ||||||
|
3.63%, 07/31/24(a) |
21,102 | 20,815,804 | ||||||
|
|
|
|||||||
| 253,705,629 | ||||||||
| Colombia — 3.0% | ||||||||
|
Colombia
Government International Bond |
28,076 | 21,483,404 | ||||||
|
3.13%, 04/15/31 (Call 01/15/31) |
46,066 | 34,097,477 | ||||||
|
3.25%, 04/22/32 (Call 01/22/32) |
36,341 | 26,195,047 | ||||||
|
3.88%, 04/25/27 (Call 01/25/27) |
33,662 | 30,238,995 | ||||||
|
3.88%, 02/15/61 (Call 08/15/60) |
23,738 | 13,001,006 | ||||||
|
4.13%, 02/22/42 (Call 08/22/41) |
18,028 | 11,169,473 | ||||||
|
4.13%, 05/15/51 (Call 11/15/50) |
25,301 | 14,884,895 | ||||||
|
4.50%, 01/28/26 (Call 10/28/25) |
27,601 | 26,165,748 | ||||||
|
4.50%, 03/15/29 (Call 12/15/28) |
35,749 | 31,052,475 | ||||||
|
5.00%, 06/15/45 (Call 12/15/44) |
80,304 | 53,743,452 | ||||||
|
5.20%, 05/15/49 (Call 11/15/48) |
50,191 | 33,794,228 | ||||||
|
5.63%, 02/26/44 (Call 08/26/43) |
45,019 | 32,745,695 | ||||||
|
6.13%, 01/18/41 |
43,597 | 34,259,068 | ||||||
|
7.38%, 09/18/37 |
32,632 | 30,272,298 | ||||||
| Security |
Par (000) |
Value | ||||||
| Colombia (continued) | ||||||||
|
7.50%, 02/02/34 (Call 11/02/33) |
$ | 37,101 | $ | 35,403,629 | ||||
|
8.00%, 04/20/33 (Call 01/20/33) |
30,434 | 30,306,558 | ||||||
|
|
|
|||||||
| 458,813,448 | ||||||||
| Costa Rica — 0.8% | ||||||||
|
Costa
Rica Government International Bond |
29,381 | 29,570,140 | ||||||
|
6.55%, 04/03/34 (Call 01/03/34)(d) |
34,980 | 35,635,875 | ||||||
|
7.00%, 04/04/44(a) |
25,822 | 25,391,096 | ||||||
|
7.16%, 03/12/45(a) |
33,563 | 33,380,501 | ||||||
|
|
|
|||||||
| 123,977,612 | ||||||||
| Dominican Republic — 3.3% | ||||||||
|
Dominican
Republic International Bond |
43,865 | 38,732,795 | ||||||
|
4.88%, 09/23/32(a) |
67,404 | 57,937,951 | ||||||
|
5.30%, 01/21/41(a) |
33,020 | 26,061,035 | ||||||
|
5.50%, 01/27/25(a) |
27,960 | 27,668,167 | ||||||
|
5.50%, 02/22/29 (Call 12/22/28)(a) |
39,143 | 37,242,118 | ||||||
|
5.88%, 01/30/60(a) |
70,393 | 53,665,863 | ||||||
|
5.95%, 01/25/27(a) |
37,056 | 36,715,548 | ||||||
|
6.00%, 07/19/28(a) |
28,360 | 27,922,192 | ||||||
|
6.00%, 02/22/33 (Call 11/22/32)(a) |
38,803 | 36,203,199 | ||||||
|
6.40%, 06/05/49(a) |
32,919 | 27,565,548 | ||||||
|
6.50%, 02/15/48(a) |
21,902 | 18,655,029 | ||||||
|
6.85%, 01/27/45(a) |
43,696 | 39,239,008 | ||||||
|
6.88%, 01/29/26(a) |
34,288 | 34,894,469 | ||||||
|
7.45%, 04/30/44(a) |
32,922 | 31,878,784 | ||||||
|
|
|
|||||||
| 494,381,706 | ||||||||
| Ecuador — 1.1% | ||||||||
|
Ecuador
Government International Bond |
27,314 | 8,335,774 | ||||||
|
1.50%, 07/31/40(a)(i) |
89,053 | 28,958,893 | ||||||
|
2.50%, 07/31/35(a)(i) |
221,176 | 80,770,608 | ||||||
|
5.50%, 07/31/30(a)(i) |
95,978 | 50,436,719 | ||||||
|
|
|
|||||||
| 168,501,994 | ||||||||
| Egypt — 2.1% | ||||||||
|
Egypt
Government International Bond |
2,000 | 1,659,125 | ||||||
|
5.80%, 09/30/27(a) |
26,485 | 16,243,582 | ||||||
|
5.88%, 06/11/25(a) |
33,372 | 23,950,667 | ||||||
|
5.88%, 02/16/31(a) |
33,109 | 17,616,057 | ||||||
|
6.59%, 02/21/28(a) |
27,694 | 17,002,385 | ||||||
|
7.05%, 01/15/32(a) |
24,720 | 13,608,360 | ||||||
|
7.30%, 09/30/33(a) |
26,512 | 14,255,171 | ||||||
|
7.50%, 01/31/27(a) |
46,151 | 30,872,135 | ||||||
|
7.50%, 02/16/61(a) |
35,161 | 17,510,178 | ||||||
|
7.60%, 03/01/29(a) |
38,142 | 23,297,610 | ||||||
|
7.63%, 05/29/32(a) |
39,481 | 22,005,722 | ||||||
|
7.90%, 02/21/48(a) |
35,338 | 17,708,755 | ||||||
|
8.50%, 01/31/47(a) |
58,059 | 30,564,435 | ||||||
|
8.70%, 03/01/49(a) |
35,351 | 18,698,470 | ||||||
|
8.88%, 05/29/50(a) |
44,394 | 23,495,524 | ||||||
|
Egyptian
Financial Co. for Sovereign Taskeek (The) |
33,984 | 27,894,492 | ||||||
|
10.88%, 02/28/26(a) |
1,400 | 1,149,138 | ||||||
|
|
|
|||||||
| 317,531,806 | ||||||||
| El Salvador — 0.3% | ||||||||
|
El
Salvador Government International Bond |
28,771 | 13,950,339 | ||||||
|
7.65%, 06/15/35(a) |
25,683 | 12,846,315 | ||||||
| 14 |
2 0 2 3 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
|
Schedule of Investments (unaudited) (continued) April 30, 2023 |
iShares® J.P. Morgan USD Emerging Markets Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
| El Salvador (continued) | ||||||||
|
9.50%, 07/15/52 (Call 01/15/52)(a) |
$ | 26,119 | $ | 14,267,504 | ||||
|
|
|
|||||||
| 41,064,158 | ||||||||
| Ethiopia — 0.1% | ||||||||
|
Ethiopia International Bond, 6.63%, 12/11/24(a) |
25,577 | 17,788,804 | ||||||
|
|
|
|||||||
| Gabon — 0.1% | ||||||||
|
Gabon Government International Bond, 6.63%, 02/06/31(a) |
26,197 | 19,325,199 | ||||||
|
|
|
|||||||
| Ghana — 0.7% | ||||||||
|
Ghana
Government International Bond |
32,966 | 12,255,110 | ||||||
|
7.63%, 05/16/29(a)(e)(f) |
25,897 | 9,416,797 | ||||||
|
7.75%, 04/07/29(a)(e)(f) |
26,147 | 9,556,729 | ||||||
|
7.88%, 02/11/35(a)(e)(f) |
25,640 | 9,291,295 | ||||||
|
8.13%, 01/18/26(a)(e)(f) |
24,523 | 9,706,335 | ||||||
|
8.13%, 03/26/32(a)(e)(f) |
30,610 | 11,082,733 | ||||||
|
8.63%, 04/07/34(a)(e)(f) |
26,423 | 9,558,520 | ||||||
|
8.63%, 06/16/49(a)(e)(f) |
26,231 | 8,939,853 | ||||||
|
8.95%, 03/26/51(a)(e)(f) |
26,282 | 9,096,857 | ||||||
|
10.75%, 10/14/30(a)(e)(f) |
26,372 | 17,773,080 | ||||||
|
|
|
|||||||
| 106,677,309 | ||||||||
| Guatemala — 0.2% | ||||||||
|
Guatemala Government Bond, 6.13%, 06/01/50(Call 12/01/49)(a) |
36,376 | 34,097,953 | ||||||
|
|
|
|||||||
| Hungary — 2.3% | ||||||||
|
Hungary
Government International Bond |
58,503 | 45,533,616 | ||||||
|
3.13%, 09/21/51(a) |
52,283 | 32,310,894 | ||||||
|
5.25%, 06/16/29(a) |
44,645 | 44,151,115 | ||||||
|
5.50%, 06/16/34(a) |
32,648 | 31,960,352 | ||||||
|
6.13%, 05/22/28(a) |
42,807 | 44,353,403 | ||||||
|
6.25%, 09/22/32(a) |
46,888 | 48,611,134 | ||||||
|
6.75%, 09/25/52(a) |
33,457 | 34,759,732 | ||||||
|
7.63%, 03/29/41 |
43,010 | 48,931,939 | ||||||
|
Magyar Export-Import Bank Zrt, 6.13%, 12/04/27(Call 11/04/27) |
10,775 | 10,849,078 | ||||||
|
|
|
|||||||
| 341,461,263 | ||||||||
| India — 0.8% | ||||||||
|
Export-Import
Bank of India |
26,214 | 21,426,668 | ||||||
|
3.25%, 01/15/30(a) |
25,134 | 22,452,517 | ||||||
|
3.38%, 08/05/26(a) |
26,221 | 24,825,125 | ||||||
|
3.88%, 02/01/28(a) |
25,788 | 24,517,296 | ||||||
|
5.50%, 01/18/33(a) |
27,791 | 28,215,369 | ||||||
|
|
|
|||||||
| 121,436,975 | ||||||||
| Indonesia — 4.3% | ||||||||
|
Indonesia
Government International Bond |
10,987 | 9,045,734 | ||||||
|
2.15%, 07/28/31 (Call 04/28/31) |
13,710 | 11,501,833 | ||||||
|
2.85%, 02/14/30 |
14,097 | 12,817,697 | ||||||
|
3.05%, 03/12/51 |
20,623 | 15,264,887 | ||||||
|
3.50%, 01/11/28 |
13,587 | 13,084,281 | ||||||
|
3.55%, 03/31/32 (Call 12/31/31) |
10,756 | 9,995,013 | ||||||
|
3.70%, 10/30/49 |
10,897 | 8,770,723 | ||||||
|
3.85%, 07/18/27(a) |
10,725 | 10,495,753 | ||||||
|
3.85%, 10/15/30 |
17,552 | 16,869,666 | ||||||
|
4.10%, 04/24/28 |
10,875 | 10,737,703 | ||||||
|
4.13%, 01/15/25(a) |
19,544 | 19,449,945 | ||||||
| Security |
Par (000) |
Value | ||||||
| Indonesia (continued) | ||||||||
|
4.20%, 10/15/50 |
$ | 17,286 | $ | 15,047,463 | ||||
|
4.35%, 01/08/27(a) |
13,378 | 13,338,702 | ||||||
|
4.35%, 01/11/48 |
19,267 | 17,337,892 | ||||||
|
4.45%, 04/15/70 |
10,828 | 9,324,262 | ||||||
|
4.55%, 01/11/28 (Call 12/11/27) |
11,068 | 11,121,957 | ||||||
|
4.63%, 04/15/43(a) |
16,267 | 15,426,199 | ||||||
|
4.65%, 09/20/32 (Call 06/20/32) |
15,118 | 15,149,181 | ||||||
|
4.75%, 01/08/26(a) |
22,102 | 22,340,978 | ||||||
|
4.75%, 02/11/29 |
13,832 | 14,037,751 | ||||||
|
4.75%, 07/18/47(a) |
10,610 | 10,084,805 | ||||||
|
4.85%, 01/11/33 (Call 10/11/32) |
12,365 | 12,541,201 | ||||||
|
5.13%, 01/15/45(a) |
21,661 | 21,631,216 | ||||||
|
5.25%, 01/17/42(a) |
24,362 | 24,655,867 | ||||||
|
5.25%, 01/08/47(a) |
16,037 | 16,110,169 | ||||||
|
5.35%, 02/11/49 |
10,793 | 11,021,002 | ||||||
|
5.95%, 01/08/46(a) |
13,719 | 14,866,251 | ||||||
|
6.63%, 02/17/37(a) |
15,425 | 17,900,713 | ||||||
|
6.75%, 01/15/44(a) |
20,928 | 24,725,124 | ||||||
|
7.75%, 01/17/38(a) |
21,308 | 26,985,250 | ||||||
|
8.50%, 10/12/35(a) |
16,744 | 22,026,732 | ||||||
|
Perusahaan
Penerbit SBSN Indonesia III |
13,671 | 12,537,161 | ||||||
|
2.55%, 06/09/31(a) |
10,748 | 9,406,515 | ||||||
|
2.80%, 06/23/30(a) |
10,929 | 9,875,718 | ||||||
|
4.15%, 03/29/27(a) |
21,711 | 21,613,300 | ||||||
|
4.33%, 05/28/25(a) |
22,672 | 22,690,421 | ||||||
|
4.35%, 09/10/24(a) |
12,469 | 12,475,235 | ||||||
|
4.40%, 06/06/27(a) |
19,026 | 19,065,241 | ||||||
|
4.40%, 03/01/28(a) |
18,934 | 18,984,885 | ||||||
|
4.45%, 02/20/29(a) |
12,935 | 12,998,058 | ||||||
|
4.55%, 03/29/26(a) |
18,892 | 18,984,099 | ||||||
|
4.70%, 06/06/32(a) |
16,434 | 16,683,591 | ||||||
|
|
|
|||||||
| 649,020,174 | ||||||||
| Iraq — 0.3% | ||||||||
|
Iraq International Bond, 5.80%, 01/15/28(Call 06/12/23)(a) |
43,778 | 40,803,366 | ||||||
|
|
|
|||||||
| Ivory Coast — 0.2% | ||||||||
|
Ivory Coast Government International Bond, 6.13%, 06/15/33(a) |
32,388 | 27,252,478 | ||||||
|
|
|
|||||||
| Jamaica — 0.9% | ||||||||
|
Jamaica
Government International Bond |
36,920 | 38,842,148 | ||||||
|
7.88%, 07/28/45 |
47,250 | 55,143,703 | ||||||
|
8.00%, 03/15/39 |
32,768 | 39,604,224 | ||||||
|
|
|
|||||||
| 133,590,075 | ||||||||
| Jordan — 0.9% | ||||||||
|
Jordan
Government International Bond |
25,999 | 24,817,670 | ||||||
|
5.85%, 07/07/30(a) |
32,571 | 29,177,509 | ||||||
|
6.13%, 01/29/26(a) |
26,002 | 25,511,212 | ||||||
|
7.38%, 10/10/47(a) |
26,164 | 22,015,371 | ||||||
|
7.50%, 01/13/29(d) |
28,275 | 28,297,974 | ||||||
|
|
|
|||||||
| 129,819,736 | ||||||||
| Kazakhstan — 1.1% | ||||||||
|
Kazakhstan
Government International Bond |
35,312 | 35,285,516 | ||||||
|
4.88%, 10/14/44(a) |
26,291 | 24,028,331 | ||||||
|
5.13%, 07/21/25(a) |
66,318 | 68,216,353 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
15 |
|
Schedule of Investments (unaudited) (continued) April 30, 2023 |
iShares® J.P. Morgan USD Emerging Markets Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
| Kazakhstan (continued) | ||||||||
|
6.50%, 07/21/45(a) |
$ | 39,271 | $ | 41,659,167 | ||||
|
|
|
|||||||
| 169,189,367 | ||||||||
| Kenya — 0.8% | ||||||||
|
Republic
of Kenya Government International Bond |
26,786 | 17,407,552 | ||||||
|
6.88%, 06/24/24(a) |
47,527 | 40,941,540 | ||||||
|
7.25%, 02/28/28(a) |
26,924 | 20,627,149 | ||||||
|
8.00%, 05/22/32(a) |
31,936 | 23,828,248 | ||||||
|
8.25%, 02/28/48(a) |
26,675 | 17,702,197 | ||||||
|
|
|
|||||||
| 120,506,686 | ||||||||
| Kuwait — 0.7% | ||||||||
|
Kuwait
International Government Bond, |
116,177 | 114,165,686 | ||||||
|
|
|
|||||||
| Lebanon — 0.1% | ||||||||
|
Lebanon
Government International Bond |
21,090 | 1,216,629 | ||||||
|
6.10%, 10/04/24(e)(f) |
25,182 | 1,452,687 | ||||||
|
6.60%, 11/27/26(a)(e)(f) |
41,968 | 2,394,799 | ||||||
|
6.65%, 02/26/30(a)(e)(f) |
37,308 | 2,105,570 | ||||||
|
6.75%, 11/29/27(a)(e)(f) |
27,068 | 1,544,568 | ||||||
|
6.85%, 03/23/27(a)(e)(f) |
33,401 | 1,905,944 | ||||||
|
7.00%, 03/23/32(a)(e)(f) |
26,698 | 1,523,455 | ||||||
|
|
|
|||||||
| 12,143,652 | ||||||||
| Malaysia — 0.3% | ||||||||
|
Malaysia Sovereign Sukuk Bhd, 3.04%, 04/22/25(a) |
25,367 | 24,808,926 | ||||||
|
Malaysia Sukuk Global Bhd, 3.18%, 04/27/26(a) |
26,182 | 25,556,905 | ||||||
|
|
|
|||||||
| 50,365,831 | ||||||||
| Mexico — 3.3% | ||||||||
|
Mexico
Government International Bond |
29,370 | 24,813,979 | ||||||
|
3.25%, 04/16/30 (Call 01/16/30) |
19,904 | 17,991,972 | ||||||
|
3.50%, 02/12/34 (Call 11/12/33) |
24,784 | 21,210,457 | ||||||
|
3.75%, 01/11/28 |
16,554 | 15,982,887 | ||||||
|
3.75%, 04/19/71 (Call 10/19/70) |
26,109 | 17,775,334 | ||||||
|
3.77%, 05/24/61 (Call 11/24/60) |
25,852 | 17,907,357 | ||||||
|
4.13%, 01/21/26 |
17,891 | 17,642,762 | ||||||
|
4.15%, 03/28/27 |
20,225 | 19,975,980 | ||||||
|
4.28%, 08/14/41 (Call 02/14/41) |
27,468 | 23,026,768 | ||||||
|
4.35%, 01/15/47 |
6,400 | 5,171,200 | ||||||
|
4.40%, 02/12/52 (Call 08/12/51) |
17,593 | 14,028,218 | ||||||
|
4.50%, 04/22/29 |
24,355 | 24,039,907 | ||||||
|
4.50%, 01/31/50 (Call 07/31/49) |
13,872 | 11,477,346 | ||||||
|
4.60%, 01/23/46 |
20,803 | 17,484,922 | ||||||
|
4.60%, 02/10/48 |
12,421 | 10,354,456 | ||||||
|
4.75%, 04/27/32 (Call 01/27/32) |
21,434 | 20,875,376 | ||||||
|
4.75%, 03/08/44 |
32,068 | 27,885,130 | ||||||
|
4.88%, 05/19/33 (Call 02/19/33) |
19,019 | 18,416,335 | ||||||
|
5.00%, 04/27/51 (Call 10/27/50) |
21,138 | 18,526,136 | ||||||
|
5.40%, 02/09/28 (Call 01/09/28) |
13,650 | 14,074,856 | ||||||
|
5.55%, 01/21/45 |
23,650 | 22,782,341 | ||||||
|
5.75%, 10/12/2110 |
23,344 | 20,765,947 | ||||||
|
6.05%, 01/11/40 |
23,518 | 24,279,395 | ||||||
|
6.34%, 05/04/53 (Call 11/04/52) |
23,136 | 23,853,216 | ||||||
|
6.35%, 02/09/35 (Call 11/09/34) |
25,876 | 27,692,172 | ||||||
|
6.75%, 09/27/34 |
14,251 | 15,839,096 | ||||||
|
8.30%, 08/15/31 |
9,100 | 10,751,081 | ||||||
|
|
|
|||||||
| 504,624,626 | ||||||||
| Security |
Par (000) |
Value | ||||||
| Morocco — 0.7% | ||||||||
|
Morocco
Government International Bond |
$ | 26,765 | $ | 21,609,392 | ||||
|
4.00%, 12/15/50(a) |
33,471 | 22,871,153 | ||||||
|
5.95%, 03/08/28(d) |
31,962 | 32,777,031 | ||||||
|
5.95%, 03/08/28 |
400 | 410,200 | ||||||
|
6.50%, 09/08/33(a) |
400 | 413,825 | ||||||
|
6.50%, 09/08/33(d) |
31,952 | 33,056,341 | ||||||
|
|
|
|||||||
| 111,137,942 | ||||||||
| Nigeria — 1.8% | ||||||||
|
Nigeria
Government International Bond |
33,021 | 25,060,875 | ||||||
|
6.50%, 11/28/27(a) |
38,974 | 30,955,099 | ||||||
|
7.14%, 02/23/30(a) |
32,488 | 24,260,414 | ||||||
|
7.38%, 09/28/33(a) |
39,114 | 26,959,324 | ||||||
|
7.63%, 11/21/25(a) |
29,133 | 26,325,307 | ||||||
|
7.63%, 11/28/47(a) |
39,719 | 24,670,464 | ||||||
|
7.70%, 02/23/38(a) |
33,312 | 21,888,066 | ||||||
|
7.88%, 02/16/32(a) |
39,025 | 28,800,450 | ||||||
|
8.25%, 09/28/51(a) |
32,670 | 21,251,835 | ||||||
|
8.38%, 03/24/29(a) |
32,680 | 26,558,628 | ||||||
|
8.75%, 01/21/31(a) |
26,069 | 20,640,131 | ||||||
|
|
|
|||||||
| 277,370,593 | ||||||||
| Oman — 3.7% | ||||||||
|
Oman
Government International Bond |
53,404 | 52,229,112 | ||||||
|
4.88%, 02/01/25(a) |
25,361 | 25,072,519 | ||||||
|
5.38%, 03/08/27(a) |
43,468 | 43,231,643 | ||||||
|
5.63%, 01/17/28(a) |
53,090 | 53,398,586 | ||||||
|
6.00%, 08/01/29(a) |
48,314 | 49,289,339 | ||||||
|
6.25%, 01/25/31(a) |
36,545 | 37,842,347 | ||||||
|
6.50%, 03/08/47(a) |
44,339 | 41,492,990 | ||||||
|
6.75%, 10/28/27(a) |
30,688 | 32,295,284 | ||||||
|
6.75%, 01/17/48(a) |
61,021 | 58,896,706 | ||||||
|
7.00%, 01/25/51(a) |
22,544 | 22,414,372 | ||||||
|
7.38%, 10/28/32(a) |
22,576 | 25,141,198 | ||||||
|
Oman
Sovereign Sukuk Co. |
36,837 | 36,268,329 | ||||||
|
4.88%, 06/15/30(a) |
39,757 | 40,075,056 | ||||||
|
5.93%, 10/31/25(a) |
34,248 | 34,971,489 | ||||||
|
|
|
|||||||
| 552,618,970 | ||||||||
| Pakistan — 0.3% | ||||||||
|
Pakistan Global Sukuk Programme Co. Ltd. (The), 7.95%, 01/31/29(a) |
25,924 | 10,990,156 | ||||||
|
Pakistan
Government International Bond |
34,047 | 12,167,547 | ||||||
|
6.88%, 12/05/27(a) |
39,288 | 13,709,056 | ||||||
|
7.38%, 04/08/31(a) |
36,785 | 12,352,863 | ||||||
|
|
|
|||||||
| 49,219,622 | ||||||||
| Panama — 2.9% | ||||||||
|
Panama
Government International Bond |
51,836 | 40,004,433 | ||||||
|
3.16%, 01/23/30 (Call 10/23/29) |
32,278 | 28,511,561 | ||||||
|
3.30%, 01/19/33 (Call 10/19/32) |
20,060 | 16,948,193 | ||||||
|
3.75%, 03/16/25 (Call 12/16/24) |
24,737 | 24,223,707 | ||||||
|
3.87%, 07/23/60 (Call 01/23/60) |
60,802 | 40,653,737 | ||||||
|
3.88%, 03/17/28 (Call 12/17/27) |
26,354 | 25,370,666 | ||||||
|
4.30%, 04/29/53 |
35,599 | 26,661,426 | ||||||
|
4.50%, 05/15/47 (Call 11/15/46) |
24,104 | 19,317,850 | ||||||
|
4.50%, 04/16/50 (Call 10/16/49) |
50,902 | 39,760,825 | ||||||
| 16 |
2 0 2 3 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
|
Schedule of Investments (unaudited) (continued) April 30, 2023 |
iShares® J.P. Morgan USD Emerging Markets Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
| Panama (continued) | ||||||||
|
4.50%, 04/01/56 (Call 10/01/55) |
$ | 50,263 | $ | 38,130,768 | ||||
|
4.50%, 01/19/63 (Call 07/19/62) |
31,208 | 22,953,484 | ||||||
|
6.40%, 02/14/35 (Call 11/14/34) |
47,838 | 50,582,705 | ||||||
|
6.70%, 01/26/36 |
41,748 | 44,926,066 | ||||||
|
6.85%, 03/28/54 (Call 09/28/53) |
19,793 | 20,634,203 | ||||||
|
|
|
|||||||
| 438,679,624 | ||||||||
| Paraguay — 0.5% | ||||||||
|
Paraguay
Government International Bond |
25,980 | 25,099,927 | ||||||
|
5.40%, 03/30/50 (Call 09/30/49)(a) |
30,526 | 26,010,060 | ||||||
|
6.10%, 08/11/44(a) |
26,217 | 24,952,030 | ||||||
|
|
|
|||||||
| 76,062,017 | ||||||||
| Peru — 2.9% | ||||||||
|
Peruvian
Government International Bond |
21,465 | 16,592,445 | ||||||
|
2.39%, 01/23/26 (Call 12/23/25) |
21,885 | 20,651,233 | ||||||
|
2.78%, 01/23/31 (Call 10/23/30) |
80,137 | 69,383,616 | ||||||
|
2.78%, 12/01/60 (Call 06/01/60) |
43,447 | 26,578,702 | ||||||
|
3.00%, 01/15/34 (Call 10/15/33) |
48,367 | 40,455,973 | ||||||
|
3.23%, 07/28/2121 (Call 01/28/21) |
21,425 | 13,066,572 | ||||||
|
3.30%, 03/11/41 (Call 09/11/40) |
27,161 | 20,910,575 | ||||||
|
3.55%, 03/10/51 (Call 09/10/50) |
37,436 | 28,236,103 | ||||||
|
3.60%, 01/15/72 (Call 07/15/71) |
18,761 | 12,884,117 | ||||||
|
4.13%, 08/25/27 |
21,625 | 21,270,891 | ||||||
|
5.63%, 11/18/50 |
53,349 | 55,176,203 | ||||||
|
6.55%, 03/14/37 |
23,584 | 26,278,472 | ||||||
|
7.35%, 07/21/25 |
32,983 | 34,751,713 | ||||||
|
8.75%, 11/21/33 |
45,276 | 57,862,728 | ||||||
|
|
|
|||||||
| 444,099,343 | ||||||||
| Philippines — 3.6% | ||||||||
|
Philippine
Government International Bond |
23,219 | 18,789,976 | ||||||
|
2.46%, 05/05/30 |
18,583 | 16,246,188 | ||||||
|
2.65%, 12/10/45 |
27,791 | 19,276,532 | ||||||
|
2.95%, 05/05/45 |
25,173 | 18,475,409 | ||||||
|
3.00%, 02/01/28 |
37,715 | 35,624,175 | ||||||
|
3.20%, 07/06/46 |
41,615 | 31,466,142 | ||||||
|
3.70%, 03/01/41 |
37,093 | 31,396,906 | ||||||
|
3.70%, 02/02/42 |
37,025 | 31,073,231 | ||||||
|
3.75%, 01/14/29 |
28,099 | 27,138,365 | ||||||
|
3.95%, 01/20/40 |
34,306 | 30,056,344 | ||||||
|
4.20%, 03/29/47 |
19,053 | 16,776,167 | ||||||
|
5.00%, 07/17/33 |
26,014 | 26,848,074 | ||||||
|
5.00%, 01/13/37 |
24,725 | 25,015,519 | ||||||
|
5.50%, 03/30/26 |
19,243 | 19,835,925 | ||||||
|
5.50%, 01/17/48 |
24,872 | 25,949,268 | ||||||
|
6.38%, 01/15/32 |
18,174 | 20,466,196 | ||||||
|
6.38%, 10/23/34 |
33,137 | 37,461,378 | ||||||
|
7.75%, 01/14/31 |
32,002 | 38,208,388 | ||||||
|
9.50%, 02/02/30 |
37,207 | 47,457,528 | ||||||
|
10.63%, 03/16/25 |
24,471 | 27,266,812 | ||||||
|
|
|
|||||||
| 544,828,523 | ||||||||
| Poland — 1.7% | ||||||||
|
Republic
of Poland Government International Bond |
44,960 | 43,844,430 | ||||||
|
4.88%, 10/04/33 (Call 07/04/33) |
62,675 | 63,626,876 | ||||||
|
5.50%, 11/16/27 (Call 08/16/27) |
39,525 | 41,348,091 | ||||||
|
5.50%, 04/04/53 (Call 10/04/52) |
61,357 | 63,707,740 | ||||||
| Security |
Par (000) |
Value | ||||||
| Poland (continued) | ||||||||
|
5.75%, 11/16/32 (Call 08/16/32) |
$ | 39,026 | $ | 42,240,767 | ||||
|
|
|
|||||||
| 254,767,904 | ||||||||
| Qatar — 3.4% | ||||||||
|
Qatar
Government International Bond |
48,579 | 47,343,272 | ||||||
|
3.40%, 04/16/25(a) |
24,783 | 24,268,753 | ||||||
|
3.75%, 04/16/30(a) |
41,134 | 40,730,373 | ||||||
|
4.00%, 03/14/29(a) |
52,674 | 52,864,943 | ||||||
|
4.40%, 04/16/50(a) |
65,361 | 61,267,767 | ||||||
|
4.50%, 04/23/28(a) |
41,198 | 42,106,931 | ||||||
|
4.63%, 06/02/46(a) |
27,502 | 26,853,984 | ||||||
|
4.82%, 03/14/49(a) |
82,444 | 81,583,491 | ||||||
|
5.10%, 04/23/48(a) |
81,538 | 83,591,738 | ||||||
|
5.75%, 01/20/42(a) |
13,701 | 15,283,465 | ||||||
|
6.40%, 01/20/40(a) |
13,471 | 15,990,919 | ||||||
|
9.75%, 06/15/30(a) |
19,223 | 25,846,525 | ||||||
|
|
|
|||||||
| 517,732,161 | ||||||||
| Romania — 2.3% | ||||||||
|
Romanian
Government International Bond |
34,538 | 31,446,849 | ||||||
|
3.00%, 02/14/31(a) |
33,720 | 28,141,448 | ||||||
|
3.63%, 03/27/32(a) |
27,764 | 23,717,397 | ||||||
|
4.00%, 02/14/51(a) |
51,556 | 35,486,639 | ||||||
|
5.13%, 06/15/48(a) |
30,948 | 26,040,808 | ||||||
|
5.25%, 11/25/27(a) |
25,898 | 25,554,852 | ||||||
|
6.00%, 05/25/34(a) |
25,930 | 25,626,943 | ||||||
|
6.13%, 01/22/44(a) |
26,286 | 25,296,989 | ||||||
|
6.63%, 02/17/28(a) |
37,376 | 38,854,688 | ||||||
|
7.13%, 01/17/33(a) |
43,386 | 46,404,039 | ||||||
|
7.63%, 01/17/53(a) |
33,180 | 35,730,712 | ||||||
|
|
|
|||||||
| 342,301,364 | ||||||||
| Saudi Arabia — 5.1% | ||||||||
|
KSA
Sukuk Ltd. |
18,710 | 16,322,136 | ||||||
|
2.97%, 10/29/29(a) |
23,546 | 21,924,269 | ||||||
|
3.63%, 04/20/27(a) |
43,696 | 42,884,893 | ||||||
|
4.30%, 01/19/29(a) |
18,530 | 18,631,915 | ||||||
|
5.27%, 10/25/28(a) |
24,869 | 26,124,885 | ||||||
|
Saudi
Government International Bond |
26,750 | 22,240,953 | ||||||
|
2.50%, 02/03/27(a) |
12,803 | 12,105,237 | ||||||
|
2.75%, 02/03/32(a) |
9,636 | 8,601,937 | ||||||
|
2.90%, 10/22/25(a) |
23,683 | 22,895,540 | ||||||
|
3.25%, 10/26/26(a) |
50,989 | 49,452,956 | ||||||
|
3.25%, 10/22/30(a) |
13,414 | 12,519,454 | ||||||
|
3.25%, 11/17/51(a) |
11,837 | 8,502,665 | ||||||
|
3.45%, 02/02/61(a) |
22,240 | 15,996,120 | ||||||
|
3.63%, 03/04/28(a) |
47,251 | 45,857,096 | ||||||
|
3.75%, 01/21/55(a) |
27,088 | 20,964,419 | ||||||
|
4.00%, 04/17/25(a) |
40,852 | 40,514,971 | ||||||
|
4.38%, 04/16/29(a) |
39,593 | 39,946,862 | ||||||
|
4.50%, 04/17/30(a) |
29,392 | 29,654,691 | ||||||
|
4.50%, 10/26/46(a) |
63,387 | 56,941,334 | ||||||
|
4.50%, 04/22/60(a) |
28,819 | 25,600,278 | ||||||
|
4.63%, 10/04/47(a) |
43,656 | 39,707,861 | ||||||
|
4.75%, 01/18/28(a) |
31,099 | 31,649,064 | ||||||
|
4.88%, 07/18/33(a) |
36,220 | 37,245,479 | ||||||
|
5.00%, 04/17/49(a) |
33,737 | 31,961,590 | ||||||
|
5.00%, 01/18/53(a) |
31,219 | 29,566,344 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
17 |
|
Schedule of Investments (unaudited) (continued) April 30, 2023 |
iShares® J.P. Morgan USD Emerging Markets Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
| Saudi Arabia (continued) | ||||||||
|
5.25%, 01/16/50(a) |
$ | 34,411 | $ | 33,944,301 | ||||
|
5.50%, 10/25/32(a) |
23,540 | 25,471,751 | ||||||
|
|
|
|||||||
| 767,229,001 | ||||||||
| Senegal — 0.3% | ||||||||
|
Senegal
Government International Bond |
28,413 | 22,300,654 | ||||||
|
6.75%, 03/13/48(a) |
25,827 | 17,220,152 | ||||||
|
|
|
|||||||
| 39,520,806 | ||||||||
| Serbia — 0.3% | ||||||||
|
Serbia
International Bond |
30,712 | 23,922,728 | ||||||
|
6.50%, 09/26/33(a) |
26,026 | 26,405,004 | ||||||
|
|
|
|||||||
| 50,327,732 | ||||||||
| South Africa — 2.6% | ||||||||
|
Republic
of South Africa Government International
Bond |
48,156 | 43,198,942 | ||||||
|
4.85%, 09/27/27 |
23,981 | 22,786,446 | ||||||
|
4.85%, 09/30/29 |
46,568 | 41,774,406 | ||||||
|
4.88%, 04/14/26 |
29,935 | 28,949,016 | ||||||
|
5.00%, 10/12/46 |
23,868 | 16,227,257 | ||||||
|
5.38%, 07/24/44 |
24,048 | 17,491,914 | ||||||
|
5.65%, 09/27/47 |
36,360 | 26,265,555 | ||||||
|
5.75%, 09/30/49 |
70,832 | 50,901,646 | ||||||
|
5.88%, 09/16/25 |
46,794 | 46,700,412 | ||||||
|
5.88%, 06/22/30 |
34,000 | 31,849,500 | ||||||
|
5.88%, 04/20/32 |
34,023 | 30,882,252 | ||||||
|
7.30%, 04/20/52 |
38,855 | 33,155,457 | ||||||
|
|
|
|||||||
| 390,182,803 | ||||||||
| Sri Lanka — 0.5% | ||||||||
|
Sri
Lanka Government International Bond |
39,197 | 12,832,118 | ||||||
|
6.75%, 04/18/28(a)(e)(f) |
32,527 | 10,668,856 | ||||||
|
6.83%, 07/18/26(a)(e)(f) |
25,378 | 8,863,266 | ||||||
|
6.85%, 03/14/24(a)(e)(f) |
24,795 | 8,194,748 | ||||||
|
6.85%, 11/03/25(a)(e)(f) |
38,999 | 13,669,149 | ||||||
|
7.55%, 03/28/30(a)(e)(f) |
39,550 | 12,972,400 | ||||||
|
7.85%, 03/14/29(a)(e)(f) |
36,360 | 11,907,900 | ||||||
|
|
|
|||||||
| 79,108,437 | ||||||||
| Trinidad And Tobago — 0.2% | ||||||||
|
Trinidad & Tobago Government International Bond, 4.50%, 08/04/26(a) |
25,807 | 25,198,923 | ||||||
|
|
|
|||||||
| Tunisia — 0.1% | ||||||||
|
Tunisian Republic, 5.75%, 01/30/25(a) |
25,617 | 13,021,441 | ||||||
|
|
|
|||||||
| Turkey — 5.0% | ||||||||
|
Hazine
Mustesarligi Varlik Kiralama AS |
8,898 | 8,499,258 | ||||||
|
5.13%, 06/22/26(a) |
26,354 | 23,962,374 | ||||||
|
7.25%, 02/24/27(a) |
30,928 | 29,619,359 | ||||||
|
9.76%, 11/13/25(a) |
26,058 | 26,665,477 | ||||||
|
Turkey
Government International Bond |
20,550 | 19,057,556 | ||||||
|
4.25%, 04/14/26 |
15,800 | 14,084,713 | ||||||
|
4.75%, 01/26/26 |
18,271 | 16,630,036 | ||||||
|
4.88%, 10/09/26 |
31,497 | 28,166,192 | ||||||
|
4.88%, 04/16/43 |
31,347 | 20,890,816 | ||||||
|
5.13%, 02/17/28 |
20,986 | 18,261,755 | ||||||
|
5.25%, 03/13/30 |
20,890 | 17,153,301 | ||||||
| Security |
Par (000) |
Value | ||||||
| Turkey (continued) | ||||||||
|
5.60%, 11/14/24 |
$ | 23,789 | $ | 22,819,598 | ||||
|
5.75%, 05/11/47 |
36,175 | 25,679,728 | ||||||
|
5.88%, 06/26/31 |
17,777 | 14,763,799 | ||||||
|
5.95%, 01/15/31 |
23,649 | 19,788,301 | ||||||
|
6.00%, 03/25/27 |
33,167 | 30,426,577 | ||||||
|
6.00%, 01/14/41 |
31,300 | 23,500,431 | ||||||
|
6.13%, 10/24/28 |
28,606 | 25,616,673 | ||||||
|
6.35%, 08/10/24 |
22,684 | 22,199,130 | ||||||
|
6.38%, 10/14/25 |
26,606 | 25,239,117 | ||||||
|
6.50%, 09/20/33 |
14,967 | 12,654,599 | ||||||
|
6.63%, 02/17/45 |
31,250 | 24,664,062 | ||||||
|
6.75%, 05/30/40 |
20,039 | 16,110,104 | ||||||
|
6.88%, 03/17/36 |
28,325 | 24,152,373 | ||||||
|
7.25%, 03/05/38 |
10,700 | 9,531,694 | ||||||
|
7.38%, 02/05/25 |
34,150 | 33,622,809 | ||||||
|
7.63%, 04/26/29 |
31,545 | 29,815,940 | ||||||
|
8.00%, 02/14/34 |
15,629 | 15,500,061 | ||||||
|
8.60%, 09/24/27 |
20,931 | 20,836,811 | ||||||
|
9.13%, 07/13/30 |
26,750 | 26,696,500 | ||||||
|
9.38%, 03/14/29 |
23,597 | 23,800,524 | ||||||
|
9.38%, 01/19/33 |
27,384 | 27,585,957 | ||||||
|
9.88%, 01/15/28 |
||||||||