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OCTOBER 31, 2022 |
2022 Annual Report
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iShares Trust
· |
iShares 1-3 Year International Treasury Bond ETF | ISHG | NASDAQ |
· |
iShares International Treasury Bond ETF | IGOV | NASDAQ |
Dear Shareholder,
Significant economic headwinds emerged during the 12-month reporting period ended October 31, 2022, disrupting the economic recovery and strong financial markets of 2021. The U.S. economy shrank in the first half of 2022 before returning to moderate growth in the third quarter, marking a shift to a more challenging post-reopening economic environment. Changes in consumer spending patterns and a tight labor market led to elevated inflation, which reached a 40-year high. Moreover, while the foremost effect of Russia’s invasion of Ukraine has been a severe humanitarian crisis, the ongoing war continued to present challenges for both investors and policymakers.
Equity prices fell as interest rates rose, particularly weighing on relatively high-valuation growth stocks as inflation decreased the value of future cash flows and investors shifted focus to balance sheet resilience. Both large- and small-capitalization U.S. stocks fell, although declines for small-capitalization U.S. stocks were slightly steeper. Emerging market stocks and international equities from developed markets also declined significantly, pressured by rising interest rates and a strengthening U.S. dollar.
The 10-year U.S. Treasury yield rose notably during the reporting period, driving its price down, as investors reacted to higher inflation and attempted to anticipate its impact on future interest rate changes. The corporate bond market also faced inflationary headwinds, and increasing uncertainty led to higher corporate bond spreads (the difference in yield between U.S. Treasuries and similarly-dated corporate bonds).
The U.S. Federal Reserve (the “Fed”), acknowledging that inflation has been more persistent than expected, raised interest rates five times while indicating that additional rate hikes were likely. Furthermore, the Fed wound down its bond-buying programs and is accelerating the reduction of its balance sheet. As investors attempted to assess the Fed’s future trajectory, the Fed’s statements late in the reporting period led markets to believe that additional tightening is likely in the near term.
The pandemic’s restructuring of the economy brought an ongoing mismatch between supply and demand, contributing to the current inflationary regime. While growth has slowed in 2022, we believe that taming inflation requires a more dramatic economic decline to bring demand back to a lower level that is more in line with the economy’s capacity. The Fed has been raising interest rates at the fastest pace in decades, and seems set to overtighten in its effort 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, and the outlook for Europe and the U.K. is also troubling. 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.
In this environment, while we favor an overweight to equities in the long-term, the market’s concerns over excessive rate hikes from central banks moderate our outlook. Rising input costs and a deteriorating economic backdrop in China and Europe are likely to challenge corporate earnings, so we are underweight equities overall in the near term. However, we see better opportunities in credit, where higher spreads provide income opportunities and partially compensate for inflation risk. We believe that investment-grade corporates, local-currency emerging market debt, and inflation-protected bonds (particularly in Europe) offer strong opportunities for a six- to twelve-month horizon.
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 October 31, 2022
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||||||||
6-Month | 12-Month | |||||||
U.S.
large cap equities |
(5.50)% | (14.61)% | ||||||
U.S.
small cap equities |
(0.20) | (18.54) | ||||||
International
equities |
(12.70) | (23.00) | ||||||
Emerging
market equities |
(19.66) | (31.03) | ||||||
3-month
Treasury bills |
0.72 | 0.79 | ||||||
U.S.
Treasury securities |
(8.24) | (17.68) | ||||||
U.S. investment grade bonds |
(6.86) | (15.68) | ||||||
Tax-exempt municipal bonds |
(4.43) | (11.98) | ||||||
U.S. high yield bonds (Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index) |
(4.71) | (11.76) | ||||||
Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index.
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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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iShares Trust
Global Bond Market Overview
Global investment-grade bonds experienced a sizable decline the 12 months ended October 31, 2022 (the “reporting period”). The Bloomberg Global Aggregate Index, a broad measure of global bond market performance, returned -20.79% in U.S. dollar terms for the reporting period.
The poor returns for fixed income reflected the backdrop of sharply rising inflation worldwide. Annualized consumer price inflation in the United States came in above 7.5% in each month of 2022, with a peak of 9.1% in June. Inflation was even more pronounced overseas, particularly in Europe. Inflation rose more than 10% year-over-year in September across the region as a whole, with many Eastern European nations posting increases north of 20%. The trend of rising inflation, which had already begun in 2021, was exacerbated by Russia’s invasion of Ukraine in February 2022. The conflict, together with the sanctions that followed, further snarled global supply chains and contributed to a spike in food and energy prices across the globe.
Developed-market central banks responded by tightening monetary policy in dramatic fashion. In the United States, for example, the U.S. Federal Reserve wound down its stimulative quantitative easing program and raised interest rates from a range of 0%-0.25% to 3.0% - 3.25%. Other central banks followed suit, but the Bank of Japan—which continued to provide stimulus to the nation’s economy—was a notable outlier.
These events fueled a spike in bond yields across the globe. In the United States, the yield on the two-year note rose from 0.50% at the beginning of the period to 4.48% by the end of October 2022, while the 10-year issue climbed from 1.55% to 4.05%. The overseas markets experienced a similar trend directionally, with the weakest performance occurring in the United Kingdom and Continental Europe. Japan held up better in relative terms due to the more accommodative policy of its central bank. Emerging-market bonds, which are highly sensitive to global growth trends, were particularly weak in the annual period.
Corporate bonds generally underperformed government debt. In addition to being hurt by rising prevailing yields, the category was pressured by rising yield spreads over government issues – a trend caused by concerns about economic growth as well as the broader “risk-off” environment.
Unfavorable currency translation weighed on the returns of foreign debt for U.S-based investors. The U.S. dollar surged against most major currencies due in part to expectations that the nation’s stronger relative growth would cause the Fed to raise interest rates more aggressively than its global peers. As a result, the value of non-U.S. investments suffered larger losses in U.S. dollar terms than they did in their local markets. The effect was especially pronounced with respect to emerging-market bonds.
One notable outcome of the downturn in bond prices is that negative-yielding debt—which had risen to be a fairly sizable portion of the overall fixed-income market by late 2021—largely disappeared as yields climbed into positive territory in most countries. However, the real (after-inflation) yields on a large swath of the market remained negative at the close of the period.
4 |
2 0 2 2 I S H A R E S 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 October 31, 2022 | iShares® 1-3 Year International Treasury Bond ETF |
Investment Objective
The iShares 1-3 Year International Treasury Bond ETF (the “Fund”) seeks to track the investment results of an index composed of non-U.S. developed market government bonds with remaining maturities between one and three years, as represented by the FTSE World Government Bond Index – Developed Markets 1-3 Years Capped Select 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 | |||||||||||||||||||||||||||
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | |||||||||||||||||||||||
Fund NAV |
(18.32 | )% | (4.11 | )% | (3.55 | )% | (18.32 | )% | (18.94 | )% | (30.36 | )% | ||||||||||||||||
Fund Market |
(18.18 | ) | (4.07 | ) | (3.54 | ) | (18.18 | ) | (18.75 | ) | (30.27 | ) | ||||||||||||||||
Index |
(18.03 | ) | (3.90 | ) | (3.31 | ) | (18.03 | ) | (18.04 | ) | (28.57 | ) |
GROWTH OF $10,000 INVESTMENT
(AT NET ASSET VALUE)
Index performance through August 31, 2020 reflects the performance of the S&P International Sovereign Ex-U.S. 1-3 Year Bond Index. Index performance beginning on September 1, 2020 reflects the performance of the FTSE World Government Bond Index – Developed Markets 1-3 Years Capped Select Index.
Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||
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Beginning Account Value (05/01/22) |
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Ending Account Value (10/31/22) |
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Expenses Paid During the Period |
(a) |
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Beginning Account Value (05/01/22) |
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Ending Account Value (10/31/22) |
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Expenses Paid During the Period |
(a) |
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Annualized Expense Ratio |
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$ | 1,000.00 | $ | 907.60 | $ | 1.68 | $ | 1,000.00 | $ | 1,023.40 | $ | 1.79 | 0.35 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (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. |
F U N D S U M M A R Y |
5 |
Fund Summary as of October 31, 2022 (continued) | iShares® 1-3 Year International Treasury Bond ETF |
Portfolio Management Commentary
Returns for international short-term government bonds were well into negative territory for the reporting period, pressured by rising yields and declining prices. Central banks moved to aggressively raise interest rates during the period in the face of persistent historically high inflation, leading global yield curves higher. Inflation was driven by continued supply-chain disruptions, exacerbated by Russia’s invasion of Ukraine in late February and subsequent sanctions imposed upon Russia by the U.S. and its allies. In particular, energy prices spiked as Russian oil and gas came off the market.
Within the Index, euro-bloc bonds, which make up more than two-thirds of the Index by market weight, weighed most heavily on total return as inflation was especially acute in the region, while dollar-bloc markets held up somewhat better.
In terms of bond maturity, the two-to-three-year government bond segment detracted the most from the Index’s return. All maturity segments experienced notably negative performance.
Portfolio Information
CREDIT QUALITY ALLOCATION
Moody’s Credit Rating* |
|
Percent of Total Investments |
(a) | |
Aaa |
35.4 | % | ||
Aa |
25.3 | |||
A |
21.0 | |||
Baa |
14.3 | |||
Not Rated |
4.0 |
GEOGRAPHIC ALLOCATION
Country/Geographic Region |
|
Percent
of Total Investments |
(a) | |
Japan |
12.8 | % | ||
Italy |
10.1 | |||
Germany |
9.1 | |||
France |
9.0 | |||
Spain |
6.1 | |||
Australia |
4.7 | |||
Canada |
4.6 | |||
United Kingdom |
4.6 | |||
Austria |
4.6 | |||
Netherlands |
4.6 |
* |
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. |
6 |
2 0 2 2 I S H A R E S 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 October 31, 2022 | iShares® International Treasury Bond ETF |
Investment Objective
The iShares International Treasury Bond ETF (the “Fund”) seeks to track the investment results of an index composed of non-U.S. developed market government bonds, as represented by the FTSE World Government Bond Index - Developed Markets Capped Select 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 | |||||||||||||||||||||||||||
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | |||||||||||||||||||||||
Fund NAV |
(27.42 | )% | (5.23 | )% | (2.75 | )% | (27.42 | )% | (23.56 | )% | (24.33 | )% | ||||||||||||||||
Fund Market |
(27.46 | ) | (5.23 | ) | (2.75 | ) | (27.46 | ) | (23.57 | ) | (24.31 | ) | ||||||||||||||||
Index |
(27.14 | ) | (4.87 | ) | (2.40 | ) | (27.14 | ) | (22.07 | ) | (21.56 | ) |
GROWTH OF $10,000 INVESTMENT
(AT NET ASSET VALUE)
Index performance through August 31, 2020 reflects the performance of the S&P International Sovereign Ex-U.S. Bond Index. Index performance beginning on September 1, 2020 reflects the performance of the FTSE World Government Bond Index – Developed Markets Capped Select Index.
Past performance is not an indication of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||
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Beginning Account Value (05/01/22) |
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Ending Account Value (10/31/22) |
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Expenses Paid During the Period |
(a) |
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Beginning Account Value (05/01/22) |
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Ending Account Value (10/31/22) |
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|
Expenses Paid During the Period |
(a) |
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Annualized Expense Ratio |
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$ | 1,000.00 | $ | 858.80 | $ | 1.64 | $ | 1,000.00 | $ | 1,023.40 | $ | 1.79 | 0.35 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (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. |
F U N D S U M M A R Y |
7 |
Fund Summary as of October 31, 2022 (continued) | iShares® International Treasury Bond ETF |
Portfolio Management Commentary
Returns for international government bonds were deeply into negative territory for the reporting period, pressured by rising yields and declining prices. Central banks moved to aggressively raise interest rates during the period in the face of persistent historically high inflation, leading global yield curves higher. Inflation was driven by continued supply-chain disruptions, exacerbated by Russia’s invasion of Ukraine in late February and subsequent sanctions imposed upon Russia by the U.S. and its allies. In particular, energy prices spiked as Russia oil and gas came off the market.
Within the Index, euro-bloc bonds, which make up nearly two-thirds of the Index by market weight, weighed most heavily on total return as inflation was especially acute in the region, while dollar-bloc markets held up somewhat better.
In terms of bond maturity, bonds with maturities greater than 10 years, which are more sensitive to changes in interest rates, detracted the most from the Index’s return. All maturity segments experienced notably negative performance.
Portfolio Information
CREDIT QUALITY ALLOCATION
Moody’s Credit Rating* |
|
Percent
of Total Investments |
(a) | |
Aaa |
32.4 | % | ||
Aa |
25.9 | |||
A |
24.2 | |||
Baa |
12.8 | |||
Not Rated |
4.7 |
GEOGRAPHIC ALLOCATION
Country/Geographic Region |
|
Percent
of Total Investments |
(a) | |
Japan |
17.8 | % | ||
France |
9.0 | |||
Italy |
7.9 | |||
Germany |
6.9 | |||
Spain |
5.4 | |||
Canada |
4.7 | |||
Australia |
4.7 | |||
United Kingdom |
4.6 | |||
Austria |
4.6 | |||
Netherlands |
4.6 |
* |
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. |
8 |
2 0 2 2 I S H A R E S 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 |
Past performance is not an indication of future results. Financial markets have experienced extreme volatility and trading in many instruments has been disrupted. These circumstances may continue for an extended period of time and may continue to affect adversely the value and liquidity of each Fund’s investments. As a result, current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at iShares.com. Performance results assume reinvestment of all dividends and capital gain distributions and do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. The investment return and principal value of shares will vary with changes in market conditions. Shares may be worth more or less than their original cost when they are redeemed or sold in the market. Performance for certain funds may reflect a waiver of a portion of investment advisory fees. Without such a waiver, performance would have been lower.
Net asset value or “NAV” is the value of one share of a fund as calculated in accordance with the standard formula for valuing mutual fund shares. Beginning August 10, 2020, the price used to calculate market return (“Market Price”) is the closing price. Prior to August 10, 2020, Market Price was determined using the midpoint between the highest bid and the lowest ask on the primary stock exchange on which shares of a fund are listed for trading, as of the time that such fund’s NAV is calculated. Market and NAV returns assume that dividends and capital gain distributions have been reinvested at Market Price and NAV, respectively.
An index is a statistical composite that tracks a specified financial market or sector. Unlike a fund, an index does not actually hold a portfolio of securities and therefore does not incur the expenses incurred by a fund. These expenses negatively impact fund performance. Also, 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.
A B O U T F U N D P E R F O R M A N C E / D I S C L O S U R E O F E X P E N S E S |
9 |
October 31, 2022 |
iShares® 1-3 Year International Treasury Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Foreign Government Obligations |
||||||||||||
Australia — 4.6% |
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Australia
Government Bond |
AUD | 1,792 | $ | 1,078,188 | ||||||||
2.75%, 04/21/24(a) |
AUD | 930 | 591,264 | |||||||||
3.25%, 04/21/25(a) |
AUD | 1,360 | 869,332 | |||||||||
|
|
|||||||||||
2,538,784 | ||||||||||||
Austria — 4.6% |
||||||||||||
Republic
of Austria Government Bond |
EUR | 790 | 754,165 | |||||||||
0.00%, 04/20/25(b)(c) |
EUR | 590 | 552,631 | |||||||||
1.20%, 10/20/25(b) |
EUR | 750 | 717,988 | |||||||||
1.65%, 10/21/24(b) |
EUR | 504 | 494,442 | |||||||||
|
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2,519,226 | ||||||||||||
Belgium — 4.5% |
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Kingdom
of Belgium Government Bond |
EUR | 694 | 665,956 | |||||||||
0.80%, 06/22/25(b) |
EUR | 1,150 | 1,100,120 | |||||||||
2.60%, 06/22/24(b) |
EUR | 738 | 735,819 | |||||||||
|
|
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2,501,895 | ||||||||||||
Canada — 4.6% |
||||||||||||
Canada Government Bond, 3.00%, 10/01/25 |
CAD | 60 | 43,060 | |||||||||
Canadian
Government Bond |
CAD | 365 | 254,363 | |||||||||
0.50%, 11/01/23 |
CAD | 290 | 205,319 | |||||||||
0.50%, 09/01/25 |
CAD | 480 | 319,999 | |||||||||
0.75%, 02/01/24 |
CAD | 370 | 260,794 | |||||||||
1.25%, 03/01/25 |
CAD | 190 | 131,389 | |||||||||
1.50%, 05/01/24 |
CAD | 360 | 254,723 | |||||||||
1.50%, 09/01/24 |
CAD | 318 | 223,610 | |||||||||
1.50%, 04/01/25 |
CAD | 268 | 186,015 | |||||||||
2.25%, 03/01/24 |
CAD | 150 | 107,634 | |||||||||
2.25%, 06/01/25 |
CAD | 260 | 183,753 | |||||||||
2.50%, 06/01/24 |
CAD | 190 | 136,406 | |||||||||
2.75%, 08/01/24 |
CAD | 90 | 64,734 | |||||||||
0.75%, 10/01/24 |
CAD | 240 | 166,035 | |||||||||
|
|
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2,537,834 | ||||||||||||
Denmark — 2.6% |
||||||||||||
Denmark
Government Bond |
DKK | 6,360 | 807,774 | |||||||||
1.50%, 11/15/23 |
DKK | 4,806 | 633,928 | |||||||||
|
|
|||||||||||
1,441,702 | ||||||||||||
Finland — 3.7% |
||||||||||||
Finland
Government Bond |
EUR | 411 | 391,268 | |||||||||
0.88%, 09/15/25(b) |
EUR | 479 | 457,334 | |||||||||
2.00%, 04/15/24(b) |
EUR | 480 | 474,165 | |||||||||
4.00%, 07/04/25(b) |
EUR | 666 | 690,596 | |||||||||
|
|
|||||||||||
2,013,363 | ||||||||||||
France — 8.9% |
||||||||||||
French
Republic Government Bond OAT |
EUR | 575 | 552,844 | |||||||||
0.00%, 03/25/24(a)(c) |
EUR | 735 | 705,081 | |||||||||
0.00%, 02/25/25(a)(c) |
EUR | 490 | 460,466 | |||||||||
0.00%, 03/25/25(a)(c) |
EUR | 890 | 835,213 | |||||||||
0.50%, 05/25/25(a) |
EUR | 722 | 684,048 | |||||||||
1.75%, 11/25/24(a) |
EUR | 650 | 637,288 | |||||||||
2.25%, 05/25/24(a) |
EUR | 625 | 618,644 |
Security | Par (000) |
Value | ||||||||||
France (continued) |
||||||||||||
6.00%, 10/25/25(a) |
EUR | 390 | $ | 427,467 | ||||||||
|
|
|||||||||||
4,921,051 | ||||||||||||
Germany — 9.0% |
||||||||||||
Bundesobligation |
EUR | 304 | 292,274 | |||||||||
0.00%, 10/18/24(a)(c) |
EUR | 530 | 504,524 | |||||||||
0.00%, 04/11/25(a)(c) |
EUR | 330 | 311,277 | |||||||||
0.00%, 10/10/25(a)(c) |
EUR | 480 | 448,683 | |||||||||
Series G, 0.00%, 10/10/25(a)(c) |
EUR | 100 | 93,689 | |||||||||
Bundesrepublik
Deutschland Bundesanleihe |
EUR | 591 | 565,664 | |||||||||
1.00%, 08/15/24(a) |
EUR | 410 | 398,781 | |||||||||
1.00%, 08/15/25(a) |
EUR | 460 | 443,280 | |||||||||
1.50%, 05/15/24(a) |
EUR | 410 | 402,630 | |||||||||
1.75%, 02/15/24(a) |
EUR | 415 | 408,963 | |||||||||
6.25%, 01/04/24(a) |
EUR | 270 | 279,638 | |||||||||
Bundesschatzanweisungen |
EUR | 190 | 183,610 | |||||||||
0.00%, 03/15/24(a)(c) |
EUR | 326 | 313,848 | |||||||||
0.20%, 06/14/24(a) |
EUR | 100 | 96,098 | |||||||||
0.40%, 09/13/24(a) |
EUR | 226 | 217,048 | |||||||||
|
|
|||||||||||
4,960,007 | ||||||||||||
Ireland — 3.7% |
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Ireland
Government Bond |
EUR | 713 | 715,967 | |||||||||
5.40%, 03/13/25 |
EUR | 1,272 | 1,346,864 | |||||||||
|
|
|||||||||||
2,062,831 | ||||||||||||
Israel — 4.5% |
||||||||||||
Israel
Government Bond - Fixed |
ILS | 1,366 | 364,889 | |||||||||
0.50%, 04/30/25 |
ILS | 2,430 | 642,145 | |||||||||
1.50%, 11/30/23 |
ILS | 1,081 | 300,568 | |||||||||
1.75%, 08/31/25 |
ILS | 1,610 | 436,736 | |||||||||
3.75%, 03/31/24 |
ILS | 2,610 | 743,074 | |||||||||
|
|
|||||||||||
2,487,412 | ||||||||||||
Italy — 10.0% |
||||||||||||
Italy
Buoni Poliennali Del Tesoro |
EUR | 180 | 172,902 | |||||||||
0.00%, 01/15/24(a)(c) |
EUR | 280 | 268,218 | |||||||||
0.00%, 01/30/24(a)(c) |
EUR | 220 | 210,562 | |||||||||
0.00%, 04/15/24(a)(c) |
EUR | 300 | 285,185 | |||||||||
0.00%, 08/15/24(a)(c) |
EUR | 250 | 235,337 | |||||||||
0.00%, 12/15/24(a)(c) |
EUR | 170 | 158,416 | |||||||||
0.35%, 02/01/25(a) |
EUR | 330 | 308,058 | |||||||||
1.20%, 08/15/25(a) |
EUR | 220 | 206,149 | |||||||||
1.45%, 11/15/24(a) |
EUR | 320 | 308,081 | |||||||||
1.45%, 05/15/25(a) |
EUR | 310 | 294,397 | |||||||||
1.50%, 06/01/25(a) |
EUR | 400 | 379,966 | |||||||||
1.75%, 05/30/24(a) |
EUR | 240 | 233,281 | |||||||||
1.75%, 07/01/24(a) |
EUR | 340 | 330,656 | |||||||||
1.85%, 05/15/24(a) |
EUR | 290 | 282,795 | |||||||||
1.85%, 07/01/25(b) |
EUR | 230 | 219,808 | |||||||||
2.50%, 12/01/24(a) |
EUR | 470 | 460,929 | |||||||||
3.75%, 09/01/24(a) |
EUR | 390 | 392,139 | |||||||||
4.50%, 03/01/24(a) |
EUR | 200 | 202,275 | |||||||||
5.00%, 03/01/25(b) |
EUR | 338 | 349,123 | |||||||||
9.00%, 11/01/23(a) |
EUR | 180 | 188,556 | |||||||||
|
|
|||||||||||
5,486,833 |
10 |
2 0 2 2 I S H A R E S 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 (continued) October 31, 2022 |
iShares® 1-3 Year International Treasury Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Japan — 12.6% |
||||||||||||
Japan
Government Five Year Bond |
JPY | 45,350 | $ | 305,615 | ||||||||
0.10%, 03/20/24 |
JPY | 114,500 | 771,734 | |||||||||
0.10%, 06/20/24 |
JPY | 21,550 | 145,278 | |||||||||
0.10%, 09/20/24 |
JPY | 39,850 | 268,738 | |||||||||
0.10%, 12/20/24 |
JPY | 66,100 | 445,868 | |||||||||
0.10%, 03/20/25 |
JPY | 41,550 | 280,367 | |||||||||
0.10%, 06/20/25 |
JPY | 45,650 | 308,220 | |||||||||
0.10%, 09/20/25 |
JPY | 63,200 | 426,748 | |||||||||
Japan
Government Ten Year Bond |
JPY | 53,300 | 362,216 | |||||||||
0.40%, 06/20/25 |
JPY | 36,750 | 250,084 | |||||||||
0.50%, 09/20/24 |
JPY | 33,600 | 228,296 | |||||||||
0.60%, 12/20/23 |
JPY | 9,450 | 64,044 | |||||||||
0.60%, 03/20/24 |
JPY | 73,350 | 497,791 | |||||||||
0.60%, 06/20/24 |
JPY | 25,350 | 172,289 | |||||||||
Japan
Government Twenty Year Bond |
JPY | 13,000 | 89,394 | |||||||||
2.10%, 09/20/24 |
JPY | 52,800 | 369,467 | |||||||||
2.40%, 06/20/24 |
JPY | 6,550 | 45,812 | |||||||||
Japan
Government Two Year Bond |
JPY | 17,450 | 117,475 | |||||||||
0.00%, 12/01/23(c) |
JPY | 35,100 | 236,306 | |||||||||
0.00%, 01/01/24(c) |
JPY | 21,000 | 141,369 | |||||||||
0.00%, 02/01/24(c) |
JPY | 20,250 | 136,322 | |||||||||
0.00%, 03/01/24(c) |
JPY | 48,950 | 329,490 | |||||||||
0.00%, 04/01/24(c) |
JPY | 61,200 | 411,947 | |||||||||
0.00%, 06/01/24(c) |
JPY | 26,150 | 176,016 | |||||||||
0.00%, 08/01/24(c) |
JPY | 41,600 | 280,047 | |||||||||
0.00%, 10/01/24(c) |
JPY | 14,650 | 98,617 | |||||||||
|
|
|||||||||||
6,959,550 | ||||||||||||
Netherlands — 4.6% |
||||||||||||
Netherlands
Government Bond |
EUR | 753 | 726,739 | |||||||||
0.25%, 07/15/25(b) |
EUR | 1,040 | 979,988 | |||||||||
2.00%, 07/15/24(b) |
EUR | 815 | 805,826 | |||||||||
|
|
|||||||||||
2,512,553 | ||||||||||||
New Zealand — 1.7% |
||||||||||||
New
Zealand Government Bond |
NZD | 860 | 471,905 | |||||||||
2.75%, 04/15/25(a) |
NZD | 800 | 447,362 | |||||||||
|
|
|||||||||||
919,267 | ||||||||||||
Norway — 2.3% |
||||||||||||
Norway
Government Bond |
NOK | 6,048 | 558,193 | |||||||||
3.00%, 03/14/24(b) |
NOK | 7,160 | 684,033 | |||||||||
|
|
|||||||||||
1,242,226 |
Security | Par (000) |
Value | ||||||||||
Singapore — 3.5% |
||||||||||||
Singapore
Government Bond |
SGD | 1,036 | $ | 720,926 | ||||||||
2.38%, 06/01/25 |
SGD | 848 | 587,844 | |||||||||
3.00%, 09/01/24 |
SGD | 848 | 597,871 | |||||||||
|
|
|||||||||||
1,906,641 | ||||||||||||
Spain — 6.1% |
||||||||||||
Spain
Government Bond |
EUR | 337 | 321,700 | |||||||||
0.00%, 01/31/25(c) |
EUR | 370 | 347,823 | |||||||||
0.00%, 05/31/25(c) |
EUR | 230 | 213,839 | |||||||||
0.25%, 07/30/24(b) |
EUR | 162 | 154,860 | |||||||||
1.60%, 04/30/25(b) |
EUR | 389 | 378,021 | |||||||||
2.75%, 10/31/24(b) |
EUR | 460 | 459,268 | |||||||||
3.80%, 04/30/24(b) |
EUR | 400 | 404,064 | |||||||||
4.40%, 10/31/23(b) |
EUR | 294 | 296,481 | |||||||||
4.65%, 07/30/25(b) |
EUR | 368 | 386,398 | |||||||||
4.80%, 01/31/24(b) |
EUR | 384 | 390,949 | |||||||||
|
|
|||||||||||
3,353,403 | ||||||||||||
Sweden — 3.0% |
||||||||||||
Sweden
Government Bond |
SEK | 10,310 | 926,324 | |||||||||
2.50%, 05/12/25 |
SEK | 8,135 | 737,839 | |||||||||
|
|
|||||||||||
1,664,163 | ||||||||||||
United Kingdom — 4.6% |
||||||||||||
United
Kingdom Gilt |
GBP | 646 | 712,310 | |||||||||
0.25%, 01/31/25(a) |
GBP | 410 | 436,993 | |||||||||
0.63%, 06/07/25(a) |
GBP | 176 | 188,172 | |||||||||
1.00%, 04/22/24(a) |
GBP | 135 | 149,709 | |||||||||
2.00%, 09/07/25(a) |
GBP | 320 | 353,875 | |||||||||
2.75%, 09/07/24(a) |
GBP | 246 | 279,009 | |||||||||
5.00%, 03/07/25(a) |
GBP | 340 | 403,325 | |||||||||
|
|
|||||||||||
2,523,393 | ||||||||||||
Total
Investments — 99.1% |
54,552,134 | |||||||||||
Other Assets Less Liabilities — 0.9% |
491,216 | |||||||||||
|
|
|||||||||||
Net Assets — 100.0% |
$ | 55,043,350 | ||||||||||
|
|
(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) |
Zero-coupon bond. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended October 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 10/31/22 |
Shares Held at 10/31/22 (000) |
Income | Capital
Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares(a) |
$ 20,000 | $ | — | $(20,000 | )(b) | $ | — | $ | — | $ — | — | $ | 74 | $ | — | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
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 (continued) October 31, 2022 |
iShares® 1-3 Year International Treasury Bond ETF |
Affiliates (continued)
(a) |
As of period end, the entity is no longer held. |
(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 | |||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Foreign Government Obligations |
$ | — | $54,552,134 | $ | — | $54,552,134 | ||||||||||
|
|
|
|
|
|
|
|
See notes to financial statements.
12 |
2 0 2 2 I S H A R E S 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 October 31, 2022 |
iShares® International Treasury Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Foreign Government Obligations |
|
|||||||||||
Australia — 4.6% |
||||||||||||
Australia
Government Bond |
AUD | 5,773 | $ | 3,473,427 | ||||||||
0.25%, 11/21/25(a) |
AUD | 2,465 | 1,436,849 | |||||||||
0.50%, 09/21/26(a) |
AUD | 3,867 | 2,214,672 | |||||||||
1.00%, 12/21/30(a) |
AUD | 3,129 | 1,621,827 | |||||||||
1.00%, 11/21/31(a) |
AUD | 4,385 | 2,213,235 | |||||||||
1.25%, 05/21/32 |
AUD | 4,763 | 2,434,215 | |||||||||
1.50%, 06/21/31(a) |
AUD | 3,566 | 1,903,921 | |||||||||
1.75%, 11/21/32(a) |
AUD | 3,457 | 1,836,526 | |||||||||
1.75%, 06/21/51(a) |
AUD | 3,257 | 1,260,150 | |||||||||
2.25%, 05/21/28(a) |
AUD | 2,279 | 1,364,757 | |||||||||
2.50%, 05/21/30(a) |
AUD | 4,289 | 2,529,716 | |||||||||
2.75%, 04/21/24(a) |
AUD | 1,817 | 1,155,189 | |||||||||
2.75%, 11/21/27(a) |
AUD | 2,769 | 1,710,811 | |||||||||
2.75%, 11/21/28(a) |
AUD | 1,174 | 717,787 | |||||||||
2.75%, 11/21/29(a) |
AUD | 2,224 | 1,343,728 | |||||||||
2.75%, 06/21/35(a) |
AUD | 736 | 414,740 | |||||||||
2.75%, 05/21/41(a) |
AUD | 1,755 | 919,970 | |||||||||
3.00%, 11/21/33(a) |
AUD | 3,120 | 1,845,152 | |||||||||
3.00%, 03/21/47(a) |
AUD | 1,753 | 925,235 | |||||||||
3.25%, 04/21/25(a) |
AUD | 1,999 | 1,277,791 | |||||||||
3.25%, 04/21/29(a) |
AUD | 2,432 | 1,524,703 | |||||||||
3.25%, 06/21/39(a) |
AUD | 2,392 | 1,375,172 | |||||||||
3.75%, 04/21/37(a) |
AUD | 1,410 | 875,435 | |||||||||
4.25%, 04/21/26(a) |
AUD | 3,214 | 2,115,886 | |||||||||
4.50%, 04/21/33(a) |
AUD | 2,843 | 1,928,109 | |||||||||
4.75%, 04/21/27(a) |
AUD | 2,869 | 1,934,750 | |||||||||
|
|
|||||||||||
42,353,753 | ||||||||||||
Austria — 4.5% |
||||||||||||
Republic of Austria Government Bond |
|
|||||||||||
0.00%, 07/15/24(b)(c) |
EUR | 2,278 | 2,174,668 | |||||||||
0.00%, 04/20/25(b)(c) |
EUR | 2,411 | 2,258,295 | |||||||||
0.00%, 10/20/28(b)(c) |
EUR | 865 | 734,253 | |||||||||
0.00%, 02/20/30(b)(c) |
EUR | 2,058 | 1,676,069 | |||||||||
0.00%, 02/20/31(b)(c) |
EUR | 3,240 | 2,550,657 | |||||||||
0.00%, 10/20/40(b)(c) |
EUR | 1,013 | 583,039 | |||||||||
0.25%, 10/20/36(b) |
EUR | 1,462 | 1,003,428 | |||||||||
0.50%, 04/20/27(b) |
EUR | 2,292 | 2,077,974 | |||||||||
0.50%, 02/20/29(b) |
EUR | 2,385 | 2,071,074 | |||||||||
0.70%, 04/20/71(b) |
EUR | 718 | 318,878 | |||||||||
0.75%, 10/20/26(b) |
EUR | 3,307 | 3,069,831 | |||||||||
0.75%, 02/20/28(b) |
EUR | 2,319 | 2,095,119 | |||||||||
0.75%, 03/20/51(b) |
EUR | 1,706 | 993,364 | |||||||||
0.85%, 06/30/2120(b) |
EUR | 888 | 385,515 | |||||||||
0.90%, 02/20/32(b) |
EUR | 1,640 | 1,367,572 | |||||||||
1.20%, 10/20/25(b) |
EUR | 2,083 | 1,994,092 | |||||||||
1.50%, 02/20/47(b) |
EUR | 2,413 | 1,783,787 | |||||||||
1.50%, 11/02/86(b) |
EUR | 533 | 315,621 | |||||||||
1.65%, 10/21/24(b) |
EUR | 2,305 | 2,261,287 | |||||||||
2.10%, 09/20/2117(b) |
EUR | 1,094 | 801,993 | |||||||||
2.40%, 05/23/34(b) |
EUR | 1,702 | 1,594,537 | |||||||||
3.15%, 06/20/44(b) |
EUR | 1,363 | 1,384,565 | |||||||||
3.80%, 01/26/62(b) |
EUR | 802 | 933,576 | |||||||||
4.15%, 03/15/37(b) |
EUR | 2,681 | 2,997,456 | |||||||||
4.85%, 03/15/26(b) |
EUR | 1,926 | 2,063,442 | |||||||||
6.25%, 07/15/27 |
EUR | 1,780 | 2,057,126 | |||||||||
|
|
|||||||||||
41,547,218 |
Security | Par (000) |
Value | ||||||||||
Belgium — 4.5% |
||||||||||||
Kingdom
of Belgium Government Bond |
||||||||||||
0.00%, 10/22/27(b)(c) |
EUR | 1,444 | $ | 1,271,914 | ||||||||
0.00%, 10/22/31(b)(c) |
EUR | 1,976 | 1,545,822 | |||||||||
0.10%, 06/22/30(b) |
EUR | 1,310 | 1,080,867 | |||||||||
0.35%, 06/22/32(b) |
EUR | 2,020 | 1,596,213 | |||||||||
0.40%, 06/22/40(b) |
EUR | 1,000 | 621,214 | |||||||||
0.50%, 10/22/24(b) |
EUR | 1,563 | 1,499,840 | |||||||||
0.65%, 06/22/71(b) |
EUR | 674 | 299,221 | |||||||||
0.80%, 06/22/25(b) |
EUR | 3,404 | 3,256,354 | |||||||||
0.80%, 06/22/27(b) |
EUR | 1,571 | 1,452,867 | |||||||||
0.80%, 06/22/28(b) |
EUR | 1,905 | 1,728,154 | |||||||||
0.90%, 06/22/29(b) |
EUR | 2,248 | 2,011,423 | |||||||||
1.00%, 06/22/26(b) |
EUR | 1,875 | 1,779,035 | |||||||||
1.00%, 06/22/31(b) |
EUR | 2,318 | 2,016,559 | |||||||||
1.40%, 06/22/53(b) |
EUR | 1,276 | 834,156 | |||||||||
1.45%, 06/22/37(b) |
EUR | 1,370 | 1,094,765 | |||||||||
1.60%, 06/22/47(b) |
EUR | 1,333 | 968,742 | |||||||||
1.70%, 06/22/50(b) |
EUR | 1,306 | 946,243 | |||||||||
1.90%, 06/22/38(b) |
EUR | 1,136 | 958,071 | |||||||||
2.15%, 06/22/66(b) |
EUR | 966 | 772,661 | |||||||||
2.25%, 06/22/57(b) |
EUR | 736 | 606,902 | |||||||||
2.60%, 06/22/24(b) |
EUR | 1,229 | 1,225,368 | |||||||||
3.00%, 06/22/34(b) |
EUR | 1,292 | 1,290,098 | |||||||||
3.75%, 06/22/45(a) |
EUR | 1,232 | 1,320,218 | |||||||||
4.00%, 03/28/32(a) |
EUR | 889 | 971,296 | |||||||||
4.25%, 03/28/41(b) |
EUR | 2,100 | 2,371,393 | |||||||||
4.50%, 03/28/26(b) |
EUR | 1,397 | 1,487,346 | |||||||||
5.00%, 03/28/35(b) |
EUR | 1,958 | 2,328,976 | |||||||||
5.50%, 03/28/28 |
EUR | 2,495 | 2,862,718 | |||||||||
Series 86, 1.25%, 04/22/33(b) |
EUR | 1,205 | 1,034,483 | |||||||||
|
|
|||||||||||
41,232,919 | ||||||||||||
Canada — 4.6% |
||||||||||||
Canada
Government Bond |
CAD | 800 | 548,235 | |||||||||
3.00%, 11/01/24 |
CAD | 1,984 | 1,430,851 | |||||||||
Canadian
Government Bond |
CAD | 938 | 653,677 | |||||||||
0.25%, 03/01/26 |
CAD | 4,855 | 3,184,340 | |||||||||
0.50%, 11/01/23 |
CAD | 2,200 | 1,557,594 | |||||||||
0.50%, 09/01/25 |
CAD | 2,303 | 1,535,328 | |||||||||
0.50%, 12/01/30 |
CAD | 4,815 | 2,837,575 | |||||||||
0.75%, 02/01/24 |
CAD | 3,088 | 2,176,571 | |||||||||
1.00%, 09/01/26 |
CAD | 3,778 | 2,518,214 | |||||||||
1.00%, 06/01/27 |
CAD | 47 | 31,024 | |||||||||
1.25%, 03/01/27 |
CAD | 1,950 | 1,302,429 | |||||||||
1.25%, 06/01/30 |
CAD | 4,540 | 2,879,660 | |||||||||
1.50%, 09/01/24 |
CAD | 3,157 | 2,219,922 | |||||||||
1.50%, 06/01/26 |
CAD | 110 | 75,139 | |||||||||
1.50%, 06/01/31 |
CAD | 4,651 | 2,955,870 | |||||||||
1.50%, 12/01/31 |
CAD | 1,260 | 795,390 | |||||||||
1.75%, 12/01/53 |
CAD | 2,537 | 1,299,776 | |||||||||
2.00%, 06/01/28 |
CAD | 200 | 137,059 | |||||||||
2.00%, 06/01/32 |
CAD | 2,431 | 1,598,070 | |||||||||
2.00%, 12/01/51 |
CAD | 4,633 | 2,540,713 | |||||||||
2.25%, 03/01/24 |
CAD | 3,874 | 2,779,833 | |||||||||
2.25%, 06/01/25 |
CAD | 641 | 453,022 | |||||||||
2.25%, 06/01/29 |
CAD | 320 | 220,687 | |||||||||
2.75%, 09/01/27 |
CAD | 1,838 | 1,308,233 | |||||||||
2.75%, 12/01/48 |
CAD | 1,146 | 752,204 | |||||||||
2.75%, 12/01/64 |
CAD | 800 | 512,338 |
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 (continued) October 31, 2022 |
iShares® International Treasury Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Canada (continued) |
||||||||||||
3.50%, 12/01/45 |
CAD | 1,121 | $ | 833,252 | ||||||||
4.00%, 06/01/41 |
CAD | 950 | 750,886 | |||||||||
5.00%, 06/01/37 |
CAD | 191 | 165,399 | |||||||||
5.75%, 06/01/29 |
CAD | 162 | 136,057 | |||||||||
5.75%, 06/01/33 |
CAD | 2,082 | 1,850,349 | |||||||||
0.75%, 10/01/24 |
CAD | 662 | 457,980 | |||||||||
|
|
|||||||||||
42,497,677 | ||||||||||||
Denmark — 3.1% |
||||||||||||
Denmark
Government Bond |
DKK | 23,631 | 3,001,337 | |||||||||
0.00%, 11/15/31(c) |
DKK | 32,767 | 3,462,535 | |||||||||
0.25%, 11/15/52 |
DKK | 23,841 | 1,690,448 | |||||||||
0.50%, 11/15/27 |
DKK | 27,394 | 3,315,582 | |||||||||
0.50%, 11/15/29 |
DKK | 27,125 | 3,146,756 | |||||||||
1.50%, 11/15/23 |
DKK | 23,045 | 3,039,701 | |||||||||
1.75%, 11/15/25 |
DKK | 23,019 | 3,011,843 | |||||||||
4.50%, 11/15/39 |
DKK | 48,327 | 7,976,353 | |||||||||
|
|
|||||||||||
28,644,555 | ||||||||||||
Finland — 4.4% |
||||||||||||
Finland
Government Bond |
EUR | 1,797 | 1,710,728 | |||||||||
0.00%, 09/15/26(b)(c) |
EUR | 1,712 | 1,546,940 | |||||||||
0.00%, 09/15/30(b)(c) |
EUR | 2,667 | 2,146,220 | |||||||||
0.13%, 09/15/31(b) |
EUR | 2,740 | 2,168,518 | |||||||||
0.13%, 04/15/36(b) |
EUR | 1,931 | 1,316,085 | |||||||||
0.13%, 04/15/52(b) |
EUR | 1,874 | 890,691 | |||||||||
0.25%, 09/15/40(b) |
EUR | 1,735 | 1,073,399 | |||||||||
0.50%, 04/15/26(b) |
EUR | 2,084 | 1,941,894 | |||||||||
0.50%, 09/15/27(b) |
EUR | 2,878 | 2,588,974 | |||||||||
0.50%, 09/15/28(b) |
EUR | 2,397 | 2,102,814 | |||||||||
0.50%, 09/15/29(b) |
EUR | 2,323 | 1,989,985 | |||||||||
0.50%, 04/15/43(b) |
EUR | 1,733 | 1,075,536 | |||||||||
0.75%, 04/15/31(b) |
EUR | 2,005 | 1,697,857 | |||||||||
0.88%, 09/15/25(b) |
EUR | 2,467 | 2,355,412 | |||||||||
1.13%, 04/15/34(b) |
EUR | 1,623 | 1,328,166 | |||||||||
1.38%, 04/15/27(b) |
EUR | 899 | 847,950 | |||||||||
1.38%, 04/15/47(b) |
EUR | 1,897 | 1,405,339 | |||||||||
1.50%, 09/15/32(b) |
EUR | 2,345 | 2,060,510 | |||||||||
2.00%, 04/15/24(b) |
EUR | 1,144 | 1,130,094 | |||||||||
2.63%, 07/04/42(b) |
EUR | 2,514 | 2,355,268 | |||||||||
2.75%, 07/04/28(b) |
EUR | 2,310 | 2,306,530 | |||||||||
4.00%, 07/04/25(b) |
EUR | 3,931 | 4,076,175 | |||||||||
|
|
|||||||||||
40,115,085 | ||||||||||||
France — 8.9% |
||||||||||||
French
Republic Government Bond OAT |
EUR | 512 | 492,272 | |||||||||
0.00%, 03/25/24(a)(c) |
EUR | 3,770 | 3,616,539 | |||||||||
0.00%, 02/25/25(a)(c) |
EUR | 430 | 404,082 | |||||||||
0.00%, 03/25/25(a)(c) |
EUR | 2,535 | 2,378,950 | |||||||||
0.00%, 02/25/26(a)(c) |
EUR | 2,080 | 1,913,109 | |||||||||
0.00%, 02/25/27(a)(c) |
EUR | 2,075 | 1,861,961 | |||||||||
0.00%, 11/25/29(a)(c) |
EUR | 1,968 | 1,645,559 | |||||||||
0.00%, 11/25/30(a)(c) |
EUR | 2,583 | 2,096,491 | |||||||||
0.00%, 11/25/31(a)(c) |
EUR | 2,043 | 1,607,725 | |||||||||
0.00%, 05/25/32(a)(c) |
EUR | 2,240 | 1,729,105 | |||||||||
0.25%, 11/25/26(a) |
EUR | 2,451 | 2,237,628 | |||||||||
0.50%, 05/25/25(a) |
EUR | 3,203 | 3,034,634 | |||||||||
0.50%, 05/25/26(a) |
EUR | 2,784 | 2,591,713 | |||||||||
0.50%, 05/25/29(a) |
EUR | 2,544 | 2,233,784 |
Security | Par (000) |
Value | ||||||||||
France (continued) |
||||||||||||
0.50%, 05/25/40(b) |
EUR | 1,522 | $ | 990,460 | ||||||||
0.50%, 06/25/44(b) |
EUR | 859 | 515,711 | |||||||||
0.50%, 05/25/72(b) |
EUR | 556 | 226,270 | |||||||||
0.75%, 02/25/28(a) |
EUR | 1,760 | 1,601,392 | |||||||||
0.75%, 05/25/28(a) |
EUR | 2,424 | 2,199,324 | |||||||||
0.75%, 11/25/28(a) |
EUR | 2,742 | 2,468,068 | |||||||||
0.75%, 05/25/52(a) |
EUR | 1,548 | 864,496 | |||||||||
0.75%, 05/25/53(b) |
EUR | 1,100 | 602,022 | |||||||||
1.00%, 11/25/25(a) |
EUR | 1,225 | 1,168,764 | |||||||||
1.00%, 05/25/27(a) |
EUR | 2,343 | 2,190,202 | |||||||||
1.25%, 05/25/34(a) |
EUR | 3,243 | 2,704,930 | |||||||||
1.25%, 05/25/36(b) |
EUR | 2,198 | 1,766,194 | |||||||||
1.50%, 05/25/31(a) |
EUR | 2,804 | 2,573,199 | |||||||||
1.50%, 05/25/50(b) |
EUR | 1,668 | 1,179,595 | |||||||||
1.75%, 11/25/24(a) |
EUR | 1,812 | 1,776,160 | |||||||||
1.75%, 06/25/39(b) |
EUR | 1,450 | 1,214,435 | |||||||||
1.75%, 05/25/66(b) |
EUR | 648 | 458,772 | |||||||||
2.00%, 05/25/48(b) |
EUR | 1,541 | 1,233,239 | |||||||||
2.25%, 05/25/24(a) |
EUR | 1,889 | 1,869,791 | |||||||||
2.50%, 05/25/30(a) |
EUR | 3,278 | 3,267,018 | |||||||||
2.75%, 10/25/27(a) |
EUR | 2,593 | 2,616,068 | |||||||||
3.25%, 05/25/45(a) |
EUR | 1,830 | 1,850,997 | |||||||||
3.50%, 04/25/26(a) |
EUR | 2,227 | 2,296,173 | |||||||||
4.00%, 10/25/38(a) |
EUR | 1,262 | 1,397,119 | |||||||||
4.00%, 04/25/55(b) |
EUR | 1,297 | 1,515,505 | |||||||||
4.00%, 04/25/60(a) |
EUR | 958 | 1,131,766 | |||||||||
4.50%, 04/25/41(a) |
EUR | 1,885 | 2,224,989 | |||||||||
4.75%, 04/25/35(a) |
EUR | 1,899 | 2,230,066 | |||||||||
5.50%, 04/25/29(a) |
EUR | 2,848 | 3,324,529 | |||||||||
5.75%, 10/25/32(a) |
EUR | 1,778 | 2,222,610 | |||||||||
6.00%, 10/25/25(a) |
EUR | 1,660 | 1,819,473 | |||||||||
|
|
|||||||||||
81,342,889 | ||||||||||||
Germany — 6.9% |
||||||||||||
Bundesobligation |
EUR | 1,368 | 1,315,234 | |||||||||
0.00%, 10/18/24(a)(c) |
EUR | 1,740 | 1,656,361 | |||||||||
0.00%, 04/11/25(a)(c) |
EUR | 1,190 | 1,122,485 | |||||||||
0.00%, 10/10/25(a)(c) |
EUR | 1,024 | 957,424 | |||||||||
0.00%, 04/10/26(a)(c) |
EUR | 1,430 | 1,323,784 | |||||||||
0.00%, 10/09/26(a)(c) |
EUR | 1,011 | 924,046 | |||||||||
0.00%, 04/16/27(a)(c) |
EUR | 850 | 768,611 | |||||||||
1.30%, 10/15/27(a) |
EUR | 1,187 | 1,134,166 | |||||||||
Series G, 0.00%, 10/10/25(a)(c) |
EUR | 853 | 799,205 | |||||||||
Bundesrepublik
Deutschland Bundesanleihe |
EUR | 590 | 542,288 | |||||||||
0.00%, 11/15/27(a)(c) |
EUR | 1,318 | 1,179,582 | |||||||||
0.00%, 11/15/28(a)(c) |
EUR | 1,720 | 1,509,039 | |||||||||
0.00%, 08/15/29(a)(c) |
EUR | 1,257 | 1,083,398 | |||||||||
0.00%, 02/15/30(a)(c) |
EUR | 1,255 | 1,070,339 | |||||||||
0.00%, 08/15/30(a)(c) |
EUR | 1,534 | 1,294,248 | |||||||||
0.00%, 02/15/31(a)(c) |
EUR | 1,226 | 1,022,573 | |||||||||
0.00%, 08/15/31(a)(c) |
EUR | 1,924 | 1,586,503 | |||||||||
0.00%, 02/15/32(a)(c) |
EUR | 1,120 | 910,918 | |||||||||
0.00%, 05/15/35(a)(c) |
EUR | 1,125 | 837,127 | |||||||||
0.00%, 05/15/36(a)(c) |
EUR | 1,223 | 888,657 | |||||||||
0.00%, 08/15/50(a)(c) |
EUR | 1,906 | 1,036,962 | |||||||||
0.00%, 08/15/52(a)(c) |
EUR | 854 | 446,871 | |||||||||
0.25%, 02/15/27(a) |
EUR | 1,856 | 1,707,651 | |||||||||
0.25%, 08/15/28(a) |
EUR | 1,307 | 1,169,621 | |||||||||
0.25%, 02/15/29(a) |
EUR | 1,306 | 1,158,272 |
14 |
2 0 2 2 I S H A R E S 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 (continued) October 31, 2022 |
iShares® International Treasury Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Germany (continued) |
||||||||||||
0.50%, 02/15/25(a) |
EUR | 1,184 | $ | 1,133,242 | ||||||||
0.50%, 02/15/26(a) |
EUR | 1,705 | 1,609,783 | |||||||||
0.50%, 08/15/27(a) |
EUR | 1,700 | 1,569,546 | |||||||||
0.50%, 02/15/28(a) |
EUR | 1,288 | 1,178,890 | |||||||||
1.00%, 08/15/24(a) |
EUR | 1,193 | 1,160,354 | |||||||||
1.00%, 08/15/25(a) |
EUR | 1,430 | 1,378,023 | |||||||||
1.25%, 08/15/48(a) |
EUR | 1,832 | 1,471,680 | |||||||||
1.50%, 05/15/24(a) |
EUR | 1,271 | 1,248,267 | |||||||||
1.70%, 08/15/32(a) |
EUR | 1,081 | 1,025,908 | |||||||||
1.75%, 02/15/24(a) |
EUR | 1,149 | 1,132,285 | |||||||||
1.80%, 08/15/53 |
EUR | 299 | 266,966 | |||||||||
2.10%, 11/15/29 |
EUR | 976 | 964,049 | |||||||||
2.50%, 07/04/44(a) |
EUR | 1,488 | 1,520,469 | |||||||||
2.50%, 08/15/46(a) |
EUR | 1,544 | 1,595,925 | |||||||||
3.25%, 07/04/42(a) |
EUR | 944 | 1,066,069 | |||||||||
4.00%, 01/04/37(a) |
EUR | 1,584 | 1,881,156 | |||||||||
4.25%, 07/04/39(a) |
EUR | 1,514 | 1,874,242 | |||||||||
4.75%, 07/04/28(a) |
EUR | 774 | 869,737 | |||||||||
4.75%, 07/04/34(a) |
EUR | 1,476 | 1,835,249 | |||||||||
4.75%, 07/04/40(a) |
EUR | 1,020 | 1,350,423 | |||||||||
5.50%, 01/04/31(a) |
EUR | 1,166 | 1,443,090 | |||||||||
5.63%, 01/04/28(a) |
EUR | 1,284 | 1,484,310 | |||||||||
6.25%, 01/04/24(a) |
EUR | 785 | 813,021 | |||||||||
6.25%, 01/04/30(a) |
EUR | 673 | 848,305 | |||||||||
6.50%, 07/04/27(a) |
EUR | 773 | 910,207 | |||||||||
Series G, 0.00%, 08/15/30(a)(c) |
EUR | 643 | 542,301 | |||||||||
Series G, 0.00%, 08/15/31(a)(c) |
EUR | 290 | 238,757 | |||||||||
Series G, 0.00%, 08/15/50(a)(c) |
EUR | 393 | 214,329 | |||||||||
Bundesschatzanweisungen |
EUR | 820 | 792,423 | |||||||||
0.00%, 03/15/24(a)(c) |
EUR | 1,630 | 1,569,239 | |||||||||
0.20%, 06/14/24(a) |
EUR | 680 | 653,469 | |||||||||
|
|
|||||||||||
63,087,079 | ||||||||||||
Ireland — 4.5% |
||||||||||||
Ireland
Government Bond |
EUR | 3,419 | 2,698,330 | |||||||||
0.20%, 05/15/27(a) |
EUR | 2,657 | 2,400,079 | |||||||||
0.20%, 10/18/30(a) |
EUR | 2,765 | 2,292,245 | |||||||||
0.35%, 10/18/32(a) |
EUR | 1,674 | 1,327,600 | |||||||||
0.40%, 05/15/35(a) |
EUR | 1,847 | 1,364,410 | |||||||||
0.55%, 04/22/41(a) |
EUR | 1,316 | 843,918 | |||||||||
0.90%, 05/15/28(a) |
EUR | 3,154 | 2,887,790 | |||||||||
1.00%, 05/15/26(a) |
EUR | 3,866 | 3,679,488 | |||||||||
1.10%, 05/15/29(a) |
EUR | 3,556 | 3,248,190 | |||||||||
1.30%, 05/15/33(a) |
EUR | 1,735 | 1,497,630 | |||||||||
1.35%, 03/18/31(a) |
EUR | 2,050 | 1,869,106 | |||||||||
1.50%, 05/15/50(a) |
EUR | 2,490 | 1,755,739 | |||||||||
1.70%, 05/15/37(a) |
EUR | 2,503 | 2,113,187 | |||||||||
2.00%, 02/18/45(a) |
EUR | 3,850 | 3,155,615 | |||||||||
2.40%, 05/15/30(a) |
EUR | 3,467 | 3,427,382 | |||||||||
3.40%, 03/18/24(a) |
EUR | 2,035 | 2,043,467 | |||||||||
5.40%, 03/13/25 |
EUR | 4,487 | 4,767,368 | |||||||||
|
|
|||||||||||
41,371,544 | ||||||||||||
Israel — 3.3% |
||||||||||||
Israel
Government Bond - Fixed |
ILS | 6,000 | 1,602,732 | |||||||||
0.50%, 04/30/25 |
ILS | 14,759 | 3,900,171 | |||||||||
0.50%, 02/27/26 |
ILS | 9,886 | 2,555,552 | |||||||||
1.00%, 03/31/30 |
ILS | 9,971 | 2,403,925 |
Security | Par (000) |
Value | ||||||||||
Israel (continued) |
||||||||||||
1.30%, 04/30/32 |
ILS | 2,918 | $ | 694,093 | ||||||||
1.50%, 11/30/23 |
ILS | 8,375 | 2,328,641 | |||||||||
1.50%, 05/31/37 |
ILS | 8,482 | 1,876,338 | |||||||||
1.75%, 08/31/25 |
ILS | 2,043 | 554,194 | |||||||||
2.00%, 03/31/27 |
ILS | 6,710 | 1,800,042 | |||||||||
2.25%, 09/28/28 |
ILS | 9,408 | 2,513,719 | |||||||||
3.75%, 03/31/24 |
ILS | 5,392 | 1,535,117 | |||||||||
3.75%, 03/31/47 |
ILS | 10,825 | 3,149,915 | |||||||||
5.50%, 01/31/42 |
ILS | 7,990 | 2,907,230 | |||||||||
6.25%, 10/30/26 |
ILS | 7,383 | 2,318,667 | |||||||||
|
|
|||||||||||
30,140,336 | ||||||||||||
Italy — 7.9% |
||||||||||||
Italy
Buoni Poliennali Del Tesoro |
EUR | 230 | 220,931 | |||||||||
0.00%, 01/15/24(a)(c) |
EUR | 823 | 788,369 | |||||||||
0.00%, 01/30/24(a)(c) |
EUR | 720 | 689,112 | |||||||||
0.00%, 04/15/24(a)(c) |
EUR | 800 | 760,494 | |||||||||
0.00%, 08/15/24(a)(c) |
EUR | 997 | 938,523 | |||||||||
0.00%, 04/01/26(a)(c) |
EUR | 1,368 | 1,208,297 | |||||||||
0.00%, 08/01/26(a)(c) |
EUR | 646 | 563,837 | |||||||||
0.25%, 03/15/28(a) |
EUR | 1,203 | 992,963 | |||||||||
0.35%, 02/01/25(a) |
EUR | 1,124 | 1,049,266 | |||||||||
0.45%, 02/15/29(a) |
EUR | 740 | 596,818 | |||||||||
0.50%, 02/01/26(a) |
EUR | 794 | 718,342 | |||||||||
0.50%, 07/15/28(a) |
EUR | 609 | 504,038 | |||||||||
0.60%, 08/01/31(b) |
EUR | 1,069 | 788,040 | |||||||||
0.85%, 01/15/27(a) |
EUR | 945 | 843,149 | |||||||||
0.90%, 04/01/31(a) |
EUR | 1,565 | 1,203,696 | |||||||||
0.95%, 09/15/27(a) |
EUR | 1,637 | 1,434,925 | |||||||||
0.95%, 08/01/30(a) |
EUR | 997 | 789,194 | |||||||||
0.95%, 12/01/31(b) |
EUR | 844 | 635,204 | |||||||||
0.95%, 06/01/32(a) |
EUR | 790 | 584,952 | |||||||||
0.95%, 03/01/37(b) |
EUR | 1,491 | 952,193 | |||||||||
1.10%, 04/01/27(a) |
EUR | 930 | 831,457 | |||||||||
1.20%, 08/15/25(a) |
EUR | 620 | 580,964 | |||||||||
1.25%, 12/01/26(a) |
EUR | 993 | 904,121 | |||||||||
1.35%, 04/01/30(a) |
EUR | 2,261 | 1,872,142 | |||||||||
1.45%, 11/15/24(a) |
EUR | 1,164 | 1,120,644 | |||||||||
1.45%, 05/15/25(a) |
EUR | 1,072 | 1,018,045 | |||||||||
1.45%, 03/01/36(b) |
EUR | 849 | 599,701 | |||||||||
1.50%, 06/01/25(a) |
EUR | 878 | 834,026 | |||||||||
1.50%, 04/30/45(b) |
EUR | 539 | 316,292 | |||||||||
1.60%, 06/01/26(a) |
EUR | 1,050 | 979,688 | |||||||||
1.65%, 12/01/30(b) |
EUR | 1,260 | 1,046,150 | |||||||||
1.65%, 03/01/32(b) |
EUR | 1,220 | 978,047 | |||||||||
1.70%, 09/01/51(b) |
EUR | 831 | 478,591 | |||||||||
1.75%, 05/30/24(a) |
EUR | 1,136 | 1,104,195 | |||||||||
1.75%, 07/01/24(a) |
EUR | 1,059 | 1,029,895 | |||||||||
1.80%, 03/01/41(b) |
EUR | 990 | 657,570 | |||||||||
1.85%, 05/15/24(a) |
EUR | 670 | 653,354 | |||||||||
1.85%, 07/01/25(b) |
EUR | 996 | 951,864 | |||||||||
2.00%, 12/01/25(a) |
EUR | 1,302 | 1,243,674 | |||||||||
2.00%, 02/01/28(a) |
EUR | 814 | 743,733 | |||||||||
2.05%, 08/01/27(a) |
EUR | 1,957 | 1,814,329 | |||||||||
2.10%, 07/15/26(a) |
EUR | 922 | 873,298 | |||||||||
2.15%, 09/01/52(b) |
EUR | 481 | 303,286 | |||||||||
2.15%, 03/01/72(b) |
EUR | 306 | 174,578 | |||||||||
2.20%, 06/01/27(a) |
EUR | 1,287 | 1,206,528 | |||||||||
2.25%, 09/01/36(b) |
EUR | 815 | 633,498 | |||||||||
2.45%, 09/01/33(b) |
EUR | 940 | 777,897 |
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 (continued) October 31, 2022 |
iShares® International Treasury Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Italy (continued) |
||||||||||||
2.45%, 09/01/50(b) |
EUR | 785 | $ | 539,064 | ||||||||
2.50%, 12/01/24(a) |
EUR | 573 | 561,941 | |||||||||
2.50%, 11/15/25(a) |
EUR | 1,007 | 977,284 | |||||||||
2.50%, 12/01/32(a) |
EUR | 790 | 668,997 | |||||||||
2.70%, 03/01/47(b) |
EUR | 786 | 587,420 | |||||||||
2.80%, 12/01/28(a) |
EUR | 1,021 | 962,014 | |||||||||
2.80%, 03/01/67(b) |
EUR | 432 | 294,902 | |||||||||
2.95%, 09/01/38(b) |
EUR | 683 | 560,958 | |||||||||
3.00%, 08/01/29(a) |
EUR | 1,029 | 970,111 | |||||||||
3.10%, 03/01/40(b) |
EUR | 762 | 630,947 | |||||||||
3.25%, 03/01/38(b) |
EUR | 230 | 196,794 | |||||||||
3.25%, 09/01/46(b) |
EUR | 980 | 810,341 | |||||||||
3.35%, 03/01/35(b) |
EUR | 884 | 784,906 | |||||||||
3.45%, 03/01/48(b) |
EUR | 1,021 | 867,924 | |||||||||
3.50%, 03/01/30(b) |
EUR | 1,284 | 1,243,890 | |||||||||
3.75%, 09/01/24(a) |
EUR | 946 | 951,189 | |||||||||
3.85%, 09/01/49(b) |
EUR | 694 | 625,786 | |||||||||
4.00%, 02/01/37(b) |
EUR | 1,318 | 1,255,089 | |||||||||
4.50%, 03/01/24(a) |
EUR | 1,177 | 1,190,388 | |||||||||
4.50%, 03/01/26(b) |
EUR | 1,336 | 1,373,853 | |||||||||
4.75%, 09/01/28(b) |
EUR | 1,516 | 1,582,759 | |||||||||
4.75%, 09/01/44(b) |
EUR | 1,221 | 1,254,798 | |||||||||
5.00%, 03/01/25(b) |
EUR | 1,119 | 1,155,825 | |||||||||
5.00%, 08/01/34(b) |
EUR | 1,271 | 1,331,417 | |||||||||
5.00%, 08/01/39(b) |
EUR | 1,057 | 1,110,075 | |||||||||
5.00%, 09/01/40(b) |
EUR | 956 | 1,004,382 | |||||||||
5.25%, 11/01/29(a) |
EUR | 1,465 | 1,584,170 | |||||||||
5.75%, 02/01/33(a) |
EUR | 1,232 | 1,365,635 | |||||||||
6.00%, 05/01/31(a) |
EUR | 1,824 | 2,065,256 | |||||||||
6.50%, 11/01/27(a) |
EUR | 1,368 | 1,540,439 | |||||||||
7.25%, 11/01/26(a) |
EUR | 1,070 | 1,217,188 | |||||||||
9.00%, 11/01/23(a) |
EUR | 622 | 651,890 | |||||||||
|
|
|||||||||||
71,907,542 | ||||||||||||
Japan — 17.6% |
||||||||||||
Japan
Government Five Year Bond |
JPY | 90,950 | 612,468 | |||||||||
0.00%, 06/20/26(c) |
JPY | 87,750 | 590,618 | |||||||||
0.00%, 09/20/26(c) |
JPY | 118,950 | 800,144 | |||||||||
0.00%, 12/20/26(c) |
JPY | 341,250 | 2,293,199 | |||||||||
0.00%, 06/20/27(c) |
JPY | 445,450 | 2,989,349 | |||||||||
0.10%, 12/20/23 |
JPY | 231,500 | 1,560,085 | |||||||||
0.10%, 03/20/24 |
JPY | 77,350 | 521,342 | |||||||||
0.10%, 06/20/24 |
JPY | 73,700 | 496,845 | |||||||||
0.10%, 09/20/24 |
JPY | 22,950 | 154,769 | |||||||||
0.10%, 12/20/24 |
JPY | 80,000 | 539,628 | |||||||||
0.10%, 03/20/25 |
JPY | 142,400 | 960,873 | |||||||||
0.10%, 06/20/25 |
JPY | 69,450 | 468,913 | |||||||||
0.10%, 12/20/25 |
JPY | 83,600 | 564,704 | |||||||||
Japan
Government Forty Year Bond |
JPY | 103,750 | 504,994 | |||||||||
0.50%, 03/20/59 |
JPY | 126,050 | 621,523 | |||||||||
0.50%, 03/20/60 |
JPY | 181,950 | 889,517 | |||||||||
0.70%, 03/20/61 |
JPY | 187,700 | 979,797 | |||||||||
0.80%, 03/20/58 |
JPY | 98,150 | 541,777 | |||||||||
0.90%, 03/20/57 |
JPY | 108,400 | 621,138 | |||||||||
1.00%, 03/20/62 |
JPY | 165,600 | 946,892 | |||||||||
1.40%, 03/20/55 |
JPY | 54,400 | 362,158 | |||||||||
1.70%, 03/20/54 |
JPY | 60,750 | 436,671 | |||||||||
1.90%, 03/20/53 |
JPY | 63,450 | 476,779 | |||||||||
2.00%, 03/20/52 |
JPY | 76,600 | 590,643 |
Security | Par (000) |
Value | ||||||||||
Japan (continued) |
||||||||||||
2.20%, 03/20/49 |
JPY | 59,100 | $ | 473,396 | ||||||||
2.20%, 03/20/50 |
JPY | 77,100 | 619,522 | |||||||||
2.20%, 03/20/51 |
JPY | 83,000 | 666,149 | |||||||||
2.40%, 03/20/48 |
JPY | 36,900 | 307,752 | |||||||||
Japan
Government Ten Year Bond |
JPY | 42,600 | 287,793 | |||||||||
0.10%, 06/20/26 |
JPY | 45,000 | 303,928 | |||||||||
0.10%, 09/20/26 |
JPY | 218,300 | 1,473,861 | |||||||||
0.10%, 12/20/26 |
JPY | 109,700 | 740,076 | |||||||||
0.10%, 03/20/27 |
JPY | 109,550 | 738,754 | |||||||||
0.10%, 06/20/27 |
JPY | 55,050 | 371,058 | |||||||||
0.10%, 09/20/27 |
JPY | 56,250 | 378,756 | |||||||||
0.10%, 12/20/27 |
JPY | 56,000 | 376,821 | |||||||||
0.10%, 03/20/28 |
JPY | 109,850 | 739,012 | |||||||||
0.10%, 12/20/28 |
JPY | 82,500 | 553,556 | |||||||||
0.10%, 06/20/29 |
JPY | 73,100 | 489,816 | |||||||||
0.10%, 09/20/29 |
JPY | 78,600 | 525,744 | |||||||||
0.10%, 12/20/29 |
JPY | 11,500 | 76,828 | |||||||||
0.10%, 03/20/30 |
JPY | 147,450 | 983,079 | |||||||||
0.10%, 06/20/30 |
JPY | 126,050 | 839,223 | |||||||||
0.10%, 09/20/30 |
JPY | 165,050 | 1,098,136 | |||||||||
0.10%, 12/20/30 |
JPY | 223,000 | 1,481,253 | |||||||||
0.10%, 03/20/31 |
JPY | 156,750 | 1,040,889 | |||||||||
0.10%, 06/20/31 |
JPY | 238,350 | 1,580,953 | |||||||||
0.10%, 09/20/31 |
JPY | 163,550 | 1,084,482 | |||||||||
0.10%, 12/20/31 |
JPY | 282,400 | 1,873,835 | |||||||||
0.20%, 06/20/32 |
JPY | 342,950 | 2,296,827 | |||||||||
0.30%, 12/20/24 |
JPY | 82,650 | 559,882 | |||||||||
0.30%, 12/20/25 |
JPY | 51,550 | 350,389 | |||||||||
0.40%, 06/20/25 |
JPY | 36,850 | 250,764 | |||||||||
0.40%, 09/20/25 |
JPY | 47,950 | 326,571 | |||||||||
0.50%, 09/20/24 |
JPY | 81,900 | 556,471 | |||||||||
0.50%, 12/20/24 |
JPY | 57,850 | 393,545 | |||||||||
0.60%, 12/20/23 |
JPY | 207,000 | 1,402,872 | |||||||||
0.60%, 03/20/24 |
JPY | 79,700 | 540,885 | |||||||||
0.60%, 06/20/24 |
JPY | 83,050 | 564,441 | |||||||||
Japan
Government Thirty Year Bond |
JPY | 58,200 | 318,471 | |||||||||
0.40%, 06/20/49 |
JPY | 93,900 | 497,573 | |||||||||
0.40%, 09/20/49 |
JPY | 104,500 | 551,781 | |||||||||
0.40%, 12/20/49 |
JPY | 136,500 | 720,941 | |||||||||
0.40%, 03/20/50 |
JPY | 130,000 | 685,509 | |||||||||
0.50%, 09/20/46 |
JPY | 89,000 | 509,705 | |||||||||
0.50%, 03/20/49 |
JPY | 128,450 | 702,689 | |||||||||
0.60%, 12/20/46 |
JPY | 71,300 | 416,604 | |||||||||
0.60%, 06/20/50 |
JPY | 119,100 | 659,501 | |||||||||
0.60%, 09/20/50 |
JPY | 140,400 | 776,522 | |||||||||
0.70%, 06/20/48 |
JPY | 216,000 | 1,264,027 | |||||||||
0.70%, 12/20/48 |
JPY | 118,450 | 687,288 | |||||||||
0.70%, 12/20/50 |
JPY | 150,150 | 852,764 | |||||||||
0.70%, 03/20/51 |
JPY | 190,250 | 1,075,185 | |||||||||
0.70%, 06/20/51 |
JPY | 134,950 | 761,100 | |||||||||
0.70%, 09/20/51 |
JPY | 138,000 | 776,752 | |||||||||
0.70%, 12/20/51 |
JPY | 129,300 | 727,026 | |||||||||
0.80%, 03/20/46 |
JPY | 65,400 | 404,121 | |||||||||
0.80%, 03/20/47 |
JPY | 56,550 | 345,408 | |||||||||
0.80%, 06/20/47 |
JPY | 78,100 | 474,945 | |||||||||
0.80%, 09/20/47 |
JPY | 59,550 | 361,229 | |||||||||
0.80%, 12/20/47 |
JPY | 42,650 | 257,564 | |||||||||
0.80%, 03/20/48 |
JPY | 91,000 | 547,603 |
16 |
2 0 2 2 I S H A R E S 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 (continued) October 31, 2022 |
iShares® International Treasury Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Japan (continued) |
||||||||||||
0.90%, 09/20/48 |
JPY | 87,350 | $ | 535,120 | ||||||||
1.00%, 03/20/52 |
JPY | 137,750 | 838,886 | |||||||||
1.10%, 03/20/33 |
JPY | 29,000 | 210,094 | |||||||||
1.30%, 06/20/52 |
JPY | 142,150 | 932,333 | |||||||||
1.40%, 09/20/45 |
JPY | 37,500 | 263,613 | |||||||||
1.40%, 12/20/45 |
JPY | 55,450 | 389,282 | |||||||||
1.40%, 09/20/52 |
JPY | 92,000 | 616,427 | |||||||||
1.50%, 12/20/44 |
JPY | 50,150 | 360,475 | |||||||||
1.50%, 03/20/45 |
JPY | 75,000 | 538,520 | |||||||||
1.60%, 06/20/45 |
JPY | 30,950 | 226,144 | |||||||||
1.70%, 06/20/33 |
JPY | 61,300 | 469,000 | |||||||||
1.70%, 12/20/43 |
JPY | 96,400 | 721,708 | |||||||||
1.70%, 03/20/44 |
JPY | 86,400 | 646,436 | |||||||||
1.70%, 06/20/44 |
JPY | 55,450 | 413,879 | |||||||||
1.70%, 09/20/44 |
JPY | 64,150 | 478,492 | |||||||||
1.80%, 11/22/32 |
JPY | 26,000 | 200,539 | |||||||||
1.80%, 03/20/43 |
JPY | 185,400 | 1,411,407 | |||||||||
1.80%, 09/20/43 |
JPY | 29,650 | 225,533 | |||||||||
1.90%, 09/20/42 |
JPY | 188,350 | 1,458,831 | |||||||||
1.90%, 06/20/43 |
JPY | 77,250 | 597,697 | |||||||||
2.00%, 12/20/33 |
JPY | 14,550 | 114,556 | |||||||||
2.00%, 09/20/40 |
JPY | 121,600 | 956,256 | |||||||||
2.00%, 09/20/41 |
JPY | 198,300 | 1,558,101 | |||||||||
2.00%, 03/20/42 |
JPY | 160,900 | 1,264,292 | |||||||||
2.10%, 09/20/33 |
JPY | 38,950 | 309,292 | |||||||||
2.20%, 09/20/39 |
JPY | 108,400 | 876,597 | |||||||||
2.20%, 03/20/41 |
JPY | 161,950 | 1,310,391 | |||||||||
2.30%, 05/20/32 |
JPY | 24,800 | 198,577 | |||||||||
2.30%, 03/20/35 |
JPY | 47,600 | 387,340 | |||||||||
2.30%, 06/20/35 |
JPY | 45,550 | 371,164 | |||||||||
2.30%, 12/20/35 |
JPY | 45,650 | 372,912 | |||||||||
2.30%, 12/20/36 |
JPY | 43,100 | 353,916 | |||||||||
2.30%, 03/20/39 |
JPY | 131,050 | 1,075,334 | |||||||||
2.30%, 03/20/40 |
JPY | 158,950 | 1,303,348 | |||||||||
2.40%, 03/20/34 |
JPY | 43,200 | 353,209 | |||||||||
2.40%, 12/20/34 |
JPY | 42,600 | 349,435 | |||||||||
2.40%, 03/20/37 |
JPY | 111,400 | 925,370 | |||||||||
2.40%, 09/20/38 |
JPY | 141,950 | 1,180,821 | |||||||||
2.50%, 06/20/34 |
JPY | 50,950 | 421,183 | |||||||||
2.50%, 09/20/34 |
JPY | 39,700 | 328,485 | |||||||||
2.50%, 09/20/35 |
JPY | 36,550 | 304,528 | |||||||||
2.50%, 03/20/36 |
JPY | 52,000 | 434,489 | |||||||||
2.50%, 06/20/36 |
JPY | 43,950 | 367,726 | |||||||||
2.50%, 09/20/36 |
JPY | 36,900 | 309,114 | |||||||||
2.50%, 09/20/37 |
JPY | 85,800 | 721,731 | |||||||||
2.50%, 03/20/38 |
JPY | 161,500 | 1,358,427 | |||||||||
Japan
Government Twenty Year Bond |
JPY | 75,000 | 476,551 | |||||||||
0.30%, 06/20/39 |
JPY | 180,000 | 1,102,564 | |||||||||
0.30%, 09/20/39 |
JPY | 192,850 | 1,173,857 | |||||||||
0.30%, 12/20/39 |
JPY | 97,150 | 589,277 | |||||||||
0.40%, 03/20/36 |
JPY | 22,350 | 146,150 | |||||||||
0.40%, 03/20/39 |
JPY | 240,100 | 1,502,944 | |||||||||
0.40%, 03/20/40 |
JPY | 141,450 | 869,105 | |||||||||
0.40%, 06/20/40 |
JPY | 166,600 | 1,020,204 | |||||||||
0.40%, 09/20/40 |
JPY | 222,850 | 1,358,022 | |||||||||
0.40%, 06/20/41 |
JPY | 185,150 | 1,116,503 | |||||||||
0.50%, 09/20/36 |
JPY | 144,100 | 950,966 | |||||||||
0.50%, 03/20/38 |
JPY | 63,300 | 409,025 | |||||||||
0.50%, 06/20/38 |
JPY | 203,700 | 1,312,793 |
Security | Par (000) |
Value | ||||||||||
Japan (continued) |
||||||||||||
0.50%, 12/20/38 |
JPY | 140,200 | $ | 894,896 | ||||||||
0.50%, 12/20/40 |
JPY | 172,600 | 1,067,498 | |||||||||
0.50%, 03/20/41 |
JPY | 365,250 | 2,251,706 | |||||||||
0.50%, 09/20/41 |
JPY | 220,200 | 1,348,507 | |||||||||
0.50%, 12/20/41 |
JPY | 157,850 | 964,903 | |||||||||
0.60%, 12/20/36 |
JPY | 107,100 | 714,396 | |||||||||
0.60%, 06/20/37 |
JPY | 89,200 | 591,505 | |||||||||
0.60%, 09/20/37 |
JPY | 110,000 | 726,690 | |||||||||
0.60%, 12/20/37 |
JPY | 89,350 | 588,564 | |||||||||
0.70%, 03/20/37 |
JPY | 73,500 | 495,650 | |||||||||
0.70%, 09/20/38 |
JPY | 63,850 | 422,489 | |||||||||
0.80%, 03/20/42 |
JPY | 150,350 | 969,148 | |||||||||
0.90%, 06/20/42 |
JPY | 173,950 | 1,140,774 | |||||||||
1.00%, 12/20/35 |
JPY | 120,500 | 852,143 | |||||||||
1.20%, 12/20/34 |
JPY | 105,650 | 767,129 | |||||||||
1.20%, 03/20/35 |
JPY | 74,250 | 538,273 | |||||||||
1.20%, 09/20/35 |
JPY | 102,900 | 746,019 | |||||||||
1.30%, 06/20/35 |
JPY | 37,700 | 276,472 | |||||||||
1.40%, 09/20/34 |
JPY | 120,000 | 890,822 | |||||||||
1.50%, 06/20/32 |
JPY | 65,950 | 495,023 | |||||||||
1.50%, 03/20/33 |
JPY | 59,400 | 446,366 | |||||||||
1.50%, 03/20/34 |
JPY | 56,400 | 423,117 | |||||||||
1.50%, 06/20/34 |
JPY | 85,050 | 638,297 | |||||||||
1.60%, 06/20/30 |
JPY | 59,800 | 443,713 | |||||||||
1.60%, 03/20/32 |
JPY | 46,700 | 353,032 | |||||||||
1.60%, 06/20/32 |
JPY | 36,700 | 277,789 | |||||||||
1.60%, 03/20/33 |
JPY | 89,100 | 675,565 | |||||||||
1.60%, 12/20/33 |
JPY | 121,150 | 918,123 | |||||||||
1.70%, 09/20/31 |
JPY | 50,400 | 381,616 | |||||||||
1.70%, 12/20/31 |
JPY | 66,600 | 505,917 | |||||||||
1.70%, 03/20/32 |
JPY | 45,450 | 346,385 | |||||||||
1.70%, 06/20/32 |
JPY | 44,550 | 340,021 | |||||||||
1.70%, 12/20/32 |
JPY | 102,050 | 780,493 | |||||||||
1.70%, 06/20/33 |
JPY | 141,600 | 1,083,367 | |||||||||
1.70%, 09/20/33 |
JPY | 119,050 | 910,895 | |||||||||
1.80%, 06/20/30 |
JPY | 18,100 | 136,128 | |||||||||
1.80%, 09/20/30 |
JPY | 48,850 | 368,526 | |||||||||
1.80%, 06/20/31 |
JPY | 47,800 | 363,800 | |||||||||
1.80%, 09/20/31 |
JPY | 88,950 | 678,711 | |||||||||
1.80%, 12/20/31 |
JPY | 80,100 | 613,278 | |||||||||
1.80%, 03/20/32 |
JPY | 101,700 | 781,352 | |||||||||
1.80%, 12/20/32 |
JPY | 55,950 | 431,612 | |||||||||
1.90%, 12/20/23 |
JPY | 35,000 | 240,675 | |||||||||
1.90%, 03/20/24 |
JPY | 24,250 | 167,502 | |||||||||
1.90%, 03/20/25 |
JPY | 31,500 | 221,639 | |||||||||
1.90%, 06/20/25 |
JPY | 40,200 | 284,251 | |||||||||
1.90%, 12/20/28 |
JPY | 63,050 | 469,766 | |||||||||
1.90%, 03/20/29 |
JPY | 25,150 | 187,946 | |||||||||
1.90%, 09/20/30 |
JPY | 75,200 | 571,231 | |||||||||
1.90%, 03/20/31 |
JPY | 55,950 | 427,466 | |||||||||
1.90%, 06/20/31 |
JPY | 135,800 | 1,041,275 | |||||||||
2.00%, 12/20/24 |
JPY | 53,100 | 372,673 | |||||||||
2.00%, 09/20/25 |
JPY | 39,650 | 282,364 | |||||||||
2.00%, 12/20/25 |
JPY | 56,050 | 401,086 | |||||||||
2.00%, 03/20/27 |
JPY | 38,350 | 280,047 | |||||||||
2.00%, 06/20/30 |
JPY | 51,700 | 394,049 | |||||||||
2.00%, 12/20/30 |
JPY | 60,550 | 464,593 | |||||||||
2.00%, 03/20/31 |
JPY | 72,550 | 558,298 | |||||||||
2.10%, 03/20/24 |
JPY | 7,300 | 50,559 | |||||||||
2.10%, 09/20/24 |
JPY | 70,600 | 494,022 |
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 (continued) October 31, 2022 |
iShares® International Treasury Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Japan (continued) |
||||||||||||
2.10%, 03/20/25 |
JPY | 29,900 | $ | 211,340 | ||||||||
2.10%, 09/20/25 |
JPY | 28,850 | 206,014 | |||||||||
2.10%, 12/20/25 |
JPY | 30,000 | 215,309 | |||||||||
2.10%, 03/20/26 |
JPY | 54,600 | 393,721 | |||||||||
2.10%, 12/20/26 |
JPY | 93,350 | 681,635 | |||||||||
2.10%, 03/20/27 |
JPY | 213,950 | 1,568,650 | |||||||||
2.10%, 06/20/27 |
JPY | 37,500 | 276,077 | |||||||||
2.10%, 09/20/27 |
JPY | 31,300 | 231,249 | |||||||||
2.10%, 12/20/27 |
JPY | 60,000 | 445,209 | |||||||||
2.10%, 12/20/28 |
JPY | 35,000 | 263,639 | |||||||||
2.10%, 03/20/29 |
JPY | 70,500 | 532,845 | |||||||||
2.10%, 06/20/29 |
JPY | 92,550 | 702,327 | |||||||||
2.10%, 09/20/29 |
JPY | 33,250 | 252,992 | |||||||||
2.10%, 12/20/29 |
JPY | 87,950 | 671,282 | |||||||||
2.10%, 03/20/30 |
JPY | 100,200 | 767,058 | |||||||||
2.10%, 12/20/30 |
JPY | 104,000 | 803,562 | |||||||||
2.20%, 03/20/24 |
JPY | 41,600 | 288,504 | |||||||||
2.20%, 03/20/26 |
JPY | 42,700 | 308,880 | |||||||||
2.20%, 06/20/26 |
JPY | 29,550 | 214,750 | |||||||||
2.20%, 09/20/26 |
JPY | 247,400 | 1,806,081 | |||||||||
2.20%, 09/20/27 |
JPY | 226,400 | 1,680,075 | |||||||||
2.20%, 03/20/28 |
JPY | 81,400 | 609,163 | |||||||||
2.20%, 09/20/28 |
JPY | 96,450 | 727,356 | |||||||||
2.20%, 06/20/29 |
JPY | 39,450 | 301,114 | |||||||||
2.20%, 12/20/29 |
JPY | 82,800 | 635,894 | |||||||||
2.20%, 03/20/30 |
JPY | 64,000 | 493,071 | |||||||||
2.20%, 03/20/31 |
JPY | 70,600 | 551,093 | |||||||||
2.30%, 03/20/26 |
JPY | 36,000 | 261,235 | |||||||||
2.30%, 06/20/26 |
JPY | 61,300 | 446,986 | |||||||||
2.30%, 06/20/27 |
JPY | 40,000 | 296,968 | |||||||||
2.40%, 06/20/24 |
JPY | 55,800 | 390,275 | |||||||||
2.40%, 03/20/28 |
JPY | 36,500 | 275,777 | |||||||||
Japan
Government Two Year Bond |
JPY | 70,500 | 474,594 | |||||||||
0.00%, 02/01/24(c) |
JPY | 118,650 | 798,748 | |||||||||
0.00%, 03/01/24(c) |
JPY | 299,200 | 2,013,963 | |||||||||
0.00%, 05/01/24(c) |
JPY | 50,000 | 336,558 | |||||||||
0.00%, 06/01/24(c) |
JPY | 203,800 | 1,371,783 | |||||||||
0.00%, 07/01/24(c) |
JPY | 45,750 | 307,938 | |||||||||
0.00%, 08/01/24(c) |
JPY | 239,050 | 1,609,261 | |||||||||
|
|
|||||||||||
161,288,552 | ||||||||||||
Netherlands — 4.5% |
||||||||||||
Netherlands
Government Bond |
EUR | 1,575 | 1,520,071 | |||||||||
0.00%, 01/15/26(c) |
EUR | 980 | 905,717 | |||||||||
0.00%, 01/15/27(b)(c) |
EUR | 1,875 | 1,695,837 | |||||||||
0.00%, 01/15/29(c) |
EUR | 1,274 | 1,094,097 | |||||||||
0.00%, 07/15/30(b)(c) |
EUR | 2,294 | 1,905,451 | |||||||||
0.00%, 07/15/31(b)(c) |
EUR | 2,119 | 1,716,954 | |||||||||
0.00%, 01/15/38(b)(c) |
EUR | 1,138 | 762,835 | |||||||||
0.00%, 01/15/52(b)(c) |
EUR | 1,933 | 967,369 | |||||||||
0.25%, 07/15/25(b) |
EUR | 3,172 | 2,989,246 | |||||||||
0.25%, 07/15/29(b) |
EUR | 1,863 | 1,612,259 | |||||||||
0.50%, 07/15/26(b) |
EUR | 2,748 | 2,564,445 | |||||||||
0.50%, 07/15/32 |
EUR | 1,378 | 1,135,203 | |||||||||
0.50%, 01/15/40(b) |
EUR | 2,681 | 1,889,622 | |||||||||
0.75%, 07/15/27(b) |
EUR | 2,392 | 2,216,906 | |||||||||
0.75%, 07/15/28(b) |
EUR | 2,192 | 1,998,070 | |||||||||
2.00%, 07/15/24(b) |
EUR | 2,564 | 2,535,226 | |||||||||
2.00%, 01/15/54(b) |
EUR | 655 | 587,040 |
Security | Par (000) |
Value | ||||||||||
Netherlands (continued) |
||||||||||||
2.50%, 01/15/33(b) |
EUR | 2,385 | $ | 2,360,607 | ||||||||
2.75%, 01/15/47(b) |
EUR | 2,818 | 2,903,524 | |||||||||
3.75%, 01/15/42(b) |
EUR | 2,479 | 2,874,160 | |||||||||
4.00%, 01/15/37(b) |
EUR | 2,228 | 2,554,769 | |||||||||
5.50%, 01/15/28(b) |
EUR | 2,390 | 2,741,355 | |||||||||
|
|
|||||||||||
41,530,763 | ||||||||||||
New Zealand — 1.8% |
||||||||||||
New
Zealand Government Bond |
NZD | 1,847 | 705,156 | |||||||||
2.00%, 05/15/32 |
NZD | 6,389 | 3,081,187 | |||||||||
2.75%, 04/15/25(a) |
NZD | 7,700 | 4,305,857 | |||||||||
2.75%, 04/15/37(a) |
NZD | 2,734 | 1,311,786 | |||||||||
2.75%, 05/15/51 |
NZD | 1,921 | 812,727 | |||||||||
3.00%, 04/20/29 |
NZD | 5,310 | 2,879,401 | |||||||||
4.50%, 04/15/27(a) |
NZD | 5,489 | 3,221,894 | |||||||||
|
|
|||||||||||
16,318,008 | ||||||||||||
Norway — 1.8% |
||||||||||||
Norway
Government Bond |
NOK | 9,818 | 782,340 | |||||||||
1.38%, 08/19/30(b) |
NOK | 5,994 | 492,134 | |||||||||
1.50%, 02/19/26(b) |
NOK | 6,974 | 628,282 | |||||||||
1.75%, 03/13/25(b) |
NOK | 69,380 | 6,403,343 | |||||||||
1.75%, 02/17/27(b) |
NOK | 7,241 | 647,404 | |||||||||
1.75%, 09/06/29(b) |
NOK | 32,655 | 2,801,203 | |||||||||
2.00%, 04/26/28(b) |
NOK | 26,722 | 2,371,171 | |||||||||
2.13%, 05/18/32(b) |
NOK | 24,134 | 2,060,344 | |||||||||
|
|
|||||||||||
16,186,221 | ||||||||||||
Singapore — 4.0% |
||||||||||||
Singapore
Government Bond |
SGD | 1,618 | 1,057,678 | |||||||||
1.25%, 11/01/26 |
SGD | 2,100 | 1,375,785 | |||||||||
1.63%, 07/01/31 |
SGD | 2,112 | 1,290,728 | |||||||||
1.88%, 03/01/50 |
SGD | 2,934 | 1,596,228 | |||||||||
1.88%, 10/01/51 |
SGD | 1,703 | 926,196 | |||||||||
2.00%, 02/01/24 |
SGD | 2,307 | 1,605,382 | |||||||||
2.13%, 06/01/26 |
SGD | 2,835 | 1,932,590 | |||||||||
2.25%, 08/01/36 |
SGD | 4,020 | 2,487,567 | |||||||||
2.38%, 06/01/25 |
SGD | 4,823 | 3,343,358 | |||||||||
2.38%, 07/01/39 |
SGD | 832 | 515,457 | |||||||||
2.63%, 05/01/28 |
SGD | 3,487 | 2,374,860 | |||||||||
2.75%, 04/01/42 |
SGD | 2,443 | 1,601,135 | |||||||||
2.75%, 03/01/46 |
SGD | 3,292 | 2,166,102 | |||||||||
2.88%, 07/01/29 |
SGD | 2,203 | 1,507,910 | |||||||||
2.88%, 09/01/30 |
SGD | 4,459 | 3,034,142 | |||||||||
3.00%, 09/01/24 |
SGD | 4,860 | 3,426,478 | |||||||||
3.00%, 08/01/72(a) |
SGD | 1,109 | 767,009 | |||||||||
3.38%, 09/01/33 |
SGD | 3,511 | 2,470,101 | |||||||||
3.50%, 03/01/27 |
SGD | 4,456 | 3,179,889 | |||||||||
|
|
|||||||||||
36,658,595 | ||||||||||||
Spain — 5.3% |
||||||||||||
Spain
Government Bond |
EUR | 1,535 | 1,465,311 | |||||||||
0.00%, 01/31/25(c) |
EUR | 29 | 27,262 | |||||||||
0.00%, 01/31/26(c) |
EUR | 1,570 | 1,434,193 | |||||||||
0.00%, 01/31/27(c) |
EUR | 674 | 596,974 | |||||||||
0.00%, 01/31/28(c) |
EUR | 669 | 573,419 | |||||||||
0.10%, 04/30/31(b) |
EUR | 1,240 | 959,058 | |||||||||
0.25%, 07/30/24(b) |
EUR | 780 | 745,621 | |||||||||
0.50%, 04/30/30(b) |
EUR | 663 | 550,134 |
18 |
2 0 2 2 I S H A R E S 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 (continued) October 31, 2022 |
iShares® International Treasury Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||||||
Spain (continued) |
||||||||||||
0.50%, 10/31/31(b) |
EUR | 1,034 | $ | 816,111 | ||||||||
0.60%, 10/31/29(b) |
EUR | 1,152 | 977,269 | |||||||||
0.70%, 04/30/32(b) |
EUR | 1,320 | 1,045,066 | |||||||||
0.80%, 07/30/27(b) |
EUR | 944 | 857,501 | |||||||||
0.80%, 07/30/29 |
EUR | 360 | 310,402 | |||||||||
0.85%, 07/30/37(b) |
EUR | 608 | 414,975 | |||||||||
1.00%, 07/30/42(b) |
EUR | 351 | 222,548 | |||||||||
1.00%, 10/31/50(b) |
EUR | 1,244 | 666,067 | |||||||||
1.20%, 10/31/40(b) |
EUR | 1,092 | 736,770 | |||||||||
1.25%, 10/31/30(b) |
EUR | 1,397 | 1,212,940 | |||||||||
1.30%, 10/31/26(b) |
EUR | 1,265 | 1,195,517 | |||||||||
1.40%, 04/30/28(b) |
EUR | 1,022 | 941,322 | |||||||||
1.40%, 07/30/28(b) |
EUR | 1,250 | 1,146,938 | |||||||||
1.45%, 10/31/27(b) |
EUR | 1,157 | 1,079,214 | |||||||||
1.45%, 04/30/29(b) |
EUR | 1,828 | 1,661,764 | |||||||||
1.45%, 10/31/71(b) |
EUR | 326 | 156,487 | |||||||||
1.50%, 04/30/27(b) |
EUR | 2,107 | 1,987,375 | |||||||||
1.60%, 04/30/25(b) |
EUR | 1,227 | 1,192,369 | |||||||||
1.85%, 07/30/35(b) |
EUR | 1,019 | 848,933 | |||||||||
1.90%, 10/31/52(b) |
EUR | 490 | 325,091 | |||||||||
1.95%, 04/30/26(b) |
EUR | 1,215 | 1,181,932 | |||||||||
1.95%, 07/30/30(b) |
EUR | 1,461 | 1,344,887 | |||||||||
2.15%, 10/31/25(b) |
EUR | 972 | 956,141 | |||||||||
2.35%, 07/30/33(b) |
EUR | 922 | 838,847 | |||||||||
2.55%, 10/31/32(b) |
EUR | 760 | 707,470 | |||||||||
2.70%, 10/31/48(b) |
EUR | 780 | 651,764 | |||||||||
2.75%, 10/31/24(b) |
EUR | 1,284 | 1,281,957 | |||||||||
2.90%, 10/31/46(b) |
EUR | 972 | 854,781 | |||||||||
3.45%, 07/30/43(b) |
EUR | 188 | 181,665 | |||||||||
3.45%, 07/30/66(b) |
EUR | 856 | 785,389 | |||||||||
3.80%, 04/30/24(b) |
EUR | 988 | 998,037 | |||||||||
4.20%, 01/31/37(b) |
EUR | 1,190 | 1,277,519 | |||||||||
4.40%, 10/31/23(b) |
EUR | 443 | 446,739 | |||||||||
4.65%, 07/30/25(b) |
EUR | 1,583 | 1,662,143 | |||||||||
4.70%, 07/30/41(b) |
EUR | 1,070 | 1,224,448 | |||||||||
4.80%, 01/31/24(b) |
EUR | 1,607 | 1,636,078 | |||||||||
4.90%, 07/30/40(b) |
EUR | 1,113 | 1,300,273 | |||||||||
5.15%, 10/31/28(b) |
EUR | 975 | 1,086,309 | |||||||||
5.15%, 10/31/44(b) |
EUR | 775 | 944,714 | |||||||||
5.75%, 07/30/32 |
EUR | 1,474 | 1,784,535 | |||||||||
5.90%, 07/30/26(b) |
EUR | 1,653 | 1,837,578 | |||||||||
6.00%, 01/31/29 |
EUR | 1,251 | 1,468,067 | |||||||||
|
|
|||||||||||
48,597,904 | ||||||||||||
Sweden — 2.2% |
||||||||||||
Sweden
Government Bond |
SEK | 2,070 | 156,746 | |||||||||
0.75%, 05/12/28 |
SEK | 3,765 | 312,782 | |||||||||
0.75%, 11/12/29(b) |
SEK | 39,415 | 3,209,117 | |||||||||
1.00%, 11/12/26(a) |
SEK | 63,360 | 5,434,366 | |||||||||
1.50%, 11/13/23(b) |
SEK | 39,660 | 3,563,337 | |||||||||
2.25%, 06/01/32(a) |
SEK | 34,620 | 3,149,545 | |||||||||
2.50%, 05/12/25 |
SEK | 28,160 | 2,554,094 | |||||||||
3.50%, 03/30/39 |
SEK | 18,445 | 1,987,667 | |||||||||
|
|
|||||||||||
20,367,654 | ||||||||||||
United Kingdom — 4.6% |
||||||||||||
United
Kingdom Gilt |
GBP | 1,300 | 1,433,442 | |||||||||
0.13%, 01/30/26(a) |
GBP | 1,380 | 1,422,392 | |||||||||
0.13%, 01/31/28(a) |
GBP | 660 | 630,260 |
Security | Par (000) |
Value | ||||||||||
United Kingdom (continued) |
||||||||||||
0.25%, 01/31/25(a) |
GBP | 400 | $ | 426,334 | ||||||||
0.25%, 07/31/31(a) |
GBP | 716 | 617,309 | |||||||||
0.38%, 10/22/26(a) |
GBP | 1,230 | 1,243,412 | |||||||||
0.38%, 10/22/30(a) |
GBP | 910 | 814,729 | |||||||||
0.50%, 01/31/29(a) |
GBP | 2,174 | 2,053,102 | |||||||||
0.50%, 10/22/61(a) |
GBP | 834 | 376,355 | |||||||||
0.63%, 06/07/25(a) |
GBP | 600 | 641,497 | |||||||||
0.63%, 07/31/35(a) |
GBP | 1,255 | 986,451 | |||||||||
0.63%, 10/22/50(a) |
GBP | 699 | 382,930 | |||||||||
0.88%, 10/22/29(a) |
GBP | 635 | 606,824 | |||||||||
0.88%, 07/31/33(a) |
GBP | 1,278 | 1,102,432 | |||||||||
0.88%, 01/31/46(a) |
GBP | 538 | 342,485 | |||||||||
1.00%, 04/22/24(a) |
GBP | 1,165 | 1,292,341 | |||||||||
1.00%, 01/31/32(a) |
GBP | 1,050 | 959,699 | |||||||||
1.13%, 01/31/39(a) |
GBP | 898 | 690,086 | |||||||||