# EDGAR Filing Document

**Accession Number:** 0001524513
**File Stem:** 0001410368-25-010161
**Filing Date:** 2025-9
**Character Count:** 75183
**Document Hash:** 8ceff631e6dfbc2536783b8d3afce008
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010161.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010161

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iShares U.S. ETF Trust
- **CENTRAL INDEX KEY:** 0001524513

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22649
- **FILM NUMBER:** 251338629

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** (415) 670-2000

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

## Series and Classes Contracts Data

### iShares GSCI Commodity Dynamic Roll Strategy ETF (Series ID: S000044971)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000139416 | iShares GSCI Commodity Dynamic Roll Strategy ETF | COMT            |

## Nport-Ex

Consolidated Schedule of Investments (unaudited)

July 31, 2025

**iShares® GSCI Commodity Dynamic Roll Strategy ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Certificates of Deposit** | **Certificates of Deposit** | **Certificates of Deposit** |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 06/02/26 | &nbsp;&nbsp;&nbsp; $1290 | $1289404 |
| &nbsp;&nbsp;&nbsp; 4.42%, 02/02/26 | &nbsp;&nbsp;&nbsp; 5000 | 5002641 |
| &nbsp;&nbsp;&nbsp; 4.44%, 05/26/26 | &nbsp;&nbsp;&nbsp; 3710 | 3708735 |
| &nbsp;&nbsp;&nbsp; Bank of Montreal/Chicago, 4.61%, 02/20/26, (1-day <br> SOFR + 0.300%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 4720 | 4721304 |
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia/Houston, 4.59%, <br> 03/18/26, (1-day SOFR + 0.270%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 5380 | 5381861 |
| &nbsp;&nbsp;&nbsp; Bayerische Landesbank (New York Branch), 4.50%, <br> 08/14/25<br>| &nbsp;&nbsp;&nbsp; 7000 | 7000099 |
| BNP Paribas SA/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.20%, 10/02/25 | &nbsp;&nbsp;&nbsp; 5810 | 5806392 |
| &nbsp;&nbsp;&nbsp; 4.57%, 11/20/25, (1-day SOFR + 0.290%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6300 | 6301520 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce, 4.50%, <br> 10/09/25<br>| &nbsp;&nbsp;&nbsp; 5870 | 5869374 |
| Canadian Imperial Bank of Commerce/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.62%, 02/09/26, (1-day SOFR + 0.300%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4450 | 4452641 |
| &nbsp;&nbsp;&nbsp; 4.63%, 02/06/26, (1-day SOFR + 0.300%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2000 | 2001307 |
| Citibank NA |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 01/22/26, (1-day SOFR + 0.290%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4600 | 4600728 |
| &nbsp;&nbsp;&nbsp; 4.70%, 09/19/25, (1-day SOFR + 0.340%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6000 | 6001871 |
| Cooperatieve Rabobank UA/NY, 4.58%, 04/08/26 | &nbsp;&nbsp;&nbsp; 2500 | 2499978 |
| Deutsche Bank AG/New York NY, 4.40%, 07/22/26 | &nbsp;&nbsp;&nbsp; 3030 | 3028591 |
| &nbsp;&nbsp;&nbsp; DZ Bank AG Deutsche <br> Zentral-Genossenschaftsbank/New York, 4.46%, <br> 09/25/25<br>| &nbsp;&nbsp;&nbsp; 3920 | 3920038 |
| Korea Development Bank (The), 4.48%, 04/29/26 | &nbsp;&nbsp;&nbsp; 4010 | 4012350 |
| &nbsp;&nbsp;&nbsp; Landesbank Baden-Wuerttemberg/New York, 4.50%, <br> 08/14/25<br>| &nbsp;&nbsp;&nbsp; 6350 | 6350113 |
| Lloyds Bank, 4.32%, 07/16/26 | &nbsp;&nbsp;&nbsp; 4080 | 4076192 |
| Mizuho Bank Ltd./New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 11/07/25 | &nbsp;&nbsp;&nbsp; 5470 | 5468991 |
| &nbsp;&nbsp;&nbsp; 4.66%, 10/10/25, (1-day SOFR + 0.300%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3160 | 3160898 |
| MUFG Bank Ltd./New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/15/25 | &nbsp;&nbsp;&nbsp; 4000 | 4000095 |
| &nbsp;&nbsp;&nbsp; 4.61%, 12/03/25, (1-day SOFR + 0.370%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1300 | 1300207 |
| MUFG Bank Ltd/New York NY, 4.57%, 02/13/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4950 | 4949911 |
| Natixis SA/New York NY, 4.38%, 07/16/26 | &nbsp;&nbsp;&nbsp; 1380 | 1379524 |
| &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp Ltd./New York, <br> 4.44%, 09/15/25<br>| &nbsp;&nbsp;&nbsp; 6350 | 6349620 |
| Royal Bank of Canada, 4.60%, 11/25/25 | &nbsp;&nbsp;&nbsp; 6000 | 6001741 |
| &nbsp;&nbsp;&nbsp; Standard Chartered Bank (New York Branch), 4.60%, <br> 02/11/26<br>| &nbsp;&nbsp;&nbsp; 4630 | 4630569 |
| Sumitomo Mitsui Financial Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 06/04/26 | &nbsp;&nbsp;&nbsp; 3650 | 3647414 |
| &nbsp;&nbsp;&nbsp; 4.45%, 03/10/26 | &nbsp;&nbsp;&nbsp; 5060 | 5059365 |
| Sumitomo Mitsui Trust NY, 4.55%, 01/14/26<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5000 | 5000610 |
| &nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB/New York, 4.67%, <br> 01/13/26, (1-day SOFR + 0.310%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 1590 | 1590781 |
| &nbsp;&nbsp;&nbsp; Svenska Handelsbanken/New York, 4.58%, <br> 02/20/26, (1-day SOFR + 0.340%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 5000 | 5000654 |
| Toronto Dominion Bank, 4.42%, 09/23/25 | &nbsp;&nbsp;&nbsp; 2000 | 1999952 |
| Toronto-Dominion Bank, 4.54%, 03/04/26 | &nbsp;&nbsp;&nbsp; 4720 | 4721003 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank/NY, 4.71%, 06/04/26, (1-day <br> SOFR + 0.350%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 4000 | 4002175 |
| **Total Certificates of Deposit — 24.7%** <br>**(Cost: $154,279,600)** | **Total Certificates of Deposit — 24.7%** <br>**(Cost: $154,279,600)** | 154288649 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| **Commercial Paper** | **Commercial Paper** | **Commercial Paper** |
| AbbVie Inc., 4.61%, 09/16/25 | &nbsp;&nbsp;&nbsp; $5030 | $4999877 |
| Ameren Corp., 4.49%, 08/05/25 | &nbsp;&nbsp;&nbsp; 2500 | 2498443 |
| American Honda Finance Corp., 4.62%, 09/05/25 | &nbsp;&nbsp;&nbsp; 6160 | 6131652 |
| ANZ New Zealand Int'l Ltd./London, 4.32%, 10/28/25 | &nbsp;&nbsp;&nbsp; 5020 | 4966994 |
| Aquitaine Funding Co. LLC, 4.46%, 09/04/25 | &nbsp;&nbsp;&nbsp; 5500 | 5476241 |
| &nbsp;&nbsp;&nbsp; Australia & New Zealand Banking Group Ltd., 4.50%, <br> 11/17/25, (1-day SOFR + 0.250%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 6000 | 6001622 |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon (The), 4.66%, <br> 03/26/26, (1-day SOFR + 0.310%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 2750 | 2749747 |
| Canadian National Railway Co., 4.43%, 08/08/25 | &nbsp;&nbsp;&nbsp; 5000 | 4995088 |
| Chevron Corp., 4.36%, 01/06/26 | &nbsp;&nbsp;&nbsp; 5180 | 5082149 |
| Concord Minutemen Capital Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 12/03/25 | &nbsp;&nbsp;&nbsp; 4240 | 4175541 |
| &nbsp;&nbsp;&nbsp; 4.45%, 12/08/25 | &nbsp;&nbsp;&nbsp; 5170 | 5088290 |
| &nbsp;&nbsp;&nbsp; 4.64%, 01/05/26, (1-day SOFR + 0.380%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 3570 | 3571689 |
| &nbsp;&nbsp;&nbsp; Credit Agricole Corporate and Investment Bank/New <br> York, 4.42%, 02/20/26<br>| &nbsp;&nbsp;&nbsp; 1920 | 1873040 |
| CRH America Finance Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.61%, 09/15/25 | &nbsp;&nbsp;&nbsp; 4960 | 4930935 |
| &nbsp;&nbsp;&nbsp; 4.64%, 10/01/25 | &nbsp;&nbsp;&nbsp; 5000 | 4960378 |
| Danske Bank A/S |  |  |
| &nbsp;&nbsp;&nbsp; 4.44%, 10/27/25 | &nbsp;&nbsp;&nbsp; 4600 | 4550630 |
| &nbsp;&nbsp;&nbsp; 4.46%, 02/12/26 | &nbsp;&nbsp;&nbsp; 6550 | 6394834 |
| DBS Bank Ltd., 4.37%, 09/16/25 | &nbsp;&nbsp;&nbsp; 6440 | 6403440 |
| DNB Bank ASA, 4.36%, 10/08/25 | &nbsp;&nbsp;&nbsp; 6300 | 6247806 |
| Duke Energy Corp., 4.52%, 08/11/25 | &nbsp;&nbsp;&nbsp; 5800 | 5791998 |
| E.ON SE, 4.54%, 08/04/25 | &nbsp;&nbsp;&nbsp; 5000 | 4997477 |
| eBay Inc., 4.64%, 10/01/25 | &nbsp;&nbsp;&nbsp; 1420 | 1408747 |
| EssilorLuxottica SA, 4.33%, 09/03/25 | &nbsp;&nbsp;&nbsp; 5460 | 5437768 |
| Glencore Funding LLC, 4.58%, 08/19/25 | &nbsp;&nbsp;&nbsp; 6500 | 6484332 |
| &nbsp;&nbsp;&nbsp; HSBC Bank PLC, 4.66%, 02/24/26, (1-day SOFR + <br> 0.250%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 1000 | 1000169 |
| HSBC USA Inc., 4.53%, 06/09/26 | &nbsp;&nbsp;&nbsp; 3220 | 3097952 |
| ING U.S. Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.48%, 10/03/25, (1-day SOFR + 0.250%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5810 | 5811167 |
| &nbsp;&nbsp;&nbsp; 4.50%, 10/17/25, (1-day SOFR + 0.250%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6250 | 6251199 |
| Intrepid Funding Co LLC, 4.45%, 11/14/25 | &nbsp;&nbsp;&nbsp; 5040 | 4974863 |
| Ionic Funding LLC, 4.43%, 08/27/25 | &nbsp;&nbsp;&nbsp; 6530 | 6508382 |
| &nbsp;&nbsp;&nbsp; JP Morgan Securities LLC, 4.53%, 11/04/25, (1-day <br> SOFR + 0.390%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5420 | 5422983 |
| Korea Development Bank (The), 4.37%, 09/02/25 | &nbsp;&nbsp;&nbsp; 6200 | 6175261 |
| Lime Funding LLC, 4.36%, 08/07/25 | &nbsp;&nbsp;&nbsp; 3403 | 3400115 |
| Lloyds Bank PLC, 4.44%, 02/23/26 | &nbsp;&nbsp;&nbsp; 3500 | 3412939 |
| LSEGA Financing PLC, 4.45%, 08/04/25 | &nbsp;&nbsp;&nbsp; 6500 | 6496789 |
| Macquarie Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 4.41%, 08/15/25, (1-day SOFR + 0.260%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 2750 | 2750324 |
| &nbsp;&nbsp;&nbsp; 4.41%, 07/20/26 | &nbsp;&nbsp;&nbsp; 4590 | 4399112 |
| &nbsp;&nbsp;&nbsp; 4.67%, 03/20/26, (1-day SOFR + 0.300%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 1830 | 1830207 |
| Mars Inc., 4.36%, 08/28/25 | &nbsp;&nbsp;&nbsp; 6500 | 6478017 |
| Mitsubishi Corp. Americas, 4.35%, 08/18/25 | &nbsp;&nbsp;&nbsp; 3000 | 2993491 |
| Mondelez International Inc., 4.54%, 08/11/25 | &nbsp;&nbsp;&nbsp; 2890 | 2885995 |
| National Bank of Canada |  |  |
| &nbsp;&nbsp;&nbsp; 4.41%, 11/04/25 | &nbsp;&nbsp;&nbsp; 1860 | 1838384 |
| &nbsp;&nbsp;&nbsp; 4.67%, 03/20/26, (1-day SOFR + 0.290%)<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 5450 | 5450254 |
| Nutrien Ltd., 4.59%, 08/05/25 | &nbsp;&nbsp;&nbsp; 2000 | 1998727 |
| PPG Industries Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.58%, 08/13/25 | &nbsp;&nbsp;&nbsp; 3250 | 3244639 |
| &nbsp;&nbsp;&nbsp; 4.58%, 08/14/25 | &nbsp;&nbsp;&nbsp; 6310 | 6298783 |
| Pure Grove Funding, 4.47%, 11/18/25 | &nbsp;&nbsp;&nbsp; 5170 | 5100387 |
| Royal Bank of Canada, 4.39%, 10/03/25 | &nbsp;&nbsp;&nbsp; 8450 | 8384584 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® GSCI Commodity Dynamic Roll Strategy ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| Salisbury Receivables Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.34%, 08/01/25 | &nbsp;&nbsp;&nbsp; $6800 | $6799180 |
| &nbsp;&nbsp;&nbsp; 4.41%, 09/22/25 | &nbsp;&nbsp;&nbsp; 4280 | 4252372 |
| Societe Generale SA, 4.42%, 02/02/26 | &nbsp;&nbsp;&nbsp; 4910 | 4800372 |
| Standard Chartered Bank/New York, 4.45%, 05/21/26 | &nbsp;&nbsp;&nbsp; 5150 | 4969287 |
| &nbsp;&nbsp;&nbsp; Swedbank AB, 4.51%, 10/01/25, (1-day SOFR + <br> 0.170%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5890 | 5891728 |
| &nbsp;&nbsp;&nbsp; United Overseas Bank Ltd., 4.44%, 09/17/25, (1-day <br> SOFR + 0.440%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 5640 | 5640519 |
| **Total Commercial Paper — 40.6%** <br>**(Cost: $252,027,303)** | **Total Commercial Paper — 40.6%** <br>**(Cost: $252,027,303)** | 253776899 |
| **U.S. Treasury Obligations**<sup>(c)</sup> | **U.S. Treasury Obligations**<sup>(c)</sup> | **U.S. Treasury Obligations**<sup>(c)</sup> |
| U.S. Treasury Bill |  |  |
| &nbsp;&nbsp;&nbsp; 4.08%, 07/09/26 | &nbsp;&nbsp;&nbsp; 5000 | 4812814 |
| &nbsp;&nbsp;&nbsp; 4.13%, 05/14/26 | &nbsp;&nbsp;&nbsp; 7500 | 7260588 |
| &nbsp;&nbsp;&nbsp; 4.24%, 10/30/25 | &nbsp;&nbsp;&nbsp; 10000 | 9894013 |
| &nbsp;&nbsp;&nbsp; 4.32%, 08/05/25 | &nbsp;&nbsp;&nbsp; 14000 | 13993285 |
| &nbsp;&nbsp;&nbsp; 4.34%, 09/04/25 | &nbsp;&nbsp;&nbsp; 10000 | 9959606 |
| &nbsp;&nbsp;&nbsp; 4.35%, 10/02/25 | &nbsp;&nbsp;&nbsp; 30000 | 29780464 |
| &nbsp;&nbsp;&nbsp; 4.35%, 10/23/25 | &nbsp;&nbsp;&nbsp; 7000 | 6931551 |
| &nbsp;&nbsp;&nbsp; 4.39%, 11/28/25 | &nbsp;&nbsp;&nbsp; 5000 | 4930374 |
| **Total U.S. Treasury Obligations — 14.0%** <br>**(Cost: $85,948,028)** | **Total U.S. Treasury Obligations — 14.0%** <br>**(Cost: $85,948,028)** | 87562695 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Money Market Funds** | **Money Market Funds** | **Money Market Funds** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 4.30%<sup>(d)(e)</sup><br>| &nbsp;&nbsp;&nbsp; 84392360 | $84392359 |
| **Total Money Market Funds — 13.5%** <br>**(Cost: $84,392,360)** | **Total Money Market Funds — 13.5%** <br>**(Cost: $84,392,360)** | 84392359 |
| **Total Investments — 92.8%** <br>**(Cost: $576,647,291)** | **Total Investments — 92.8%** <br>**(Cost: $576,647,291)** | 580020602 |
| **Other Assets Less Liabilities — 7.2%** | **Other Assets Less Liabilities — 7.2%** | 45295248 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $625315850 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> 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. 

<sup>(b)</sup> 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. 

<sup>(c)</sup> Rates are discount rates or a range of discount rates as of period end.

<sup>(d)</sup> Affiliate of the Fund.

<sup>(e)</sup> Annualized 7-day yield as of period end.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*10/31/24*<br>| *Purchases* <br>*at Cost*<br>| &nbsp;&nbsp; *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*07/31/25*<br>| *Shares* <br>*Held at* <br>*07/31/25*<br>| *Income* | *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares<br>| $86382360 | $—<br> $(1990001 )<sup>(a)</sup><br>| $— | $— | $84392359 | 84392360 | $2471802 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Represents net amount purchased (sold).

**Derivative Financial Instruments Outstanding as of Period End**

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | &nbsp;&nbsp; *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| *Notional* <br>*Amount* <br>*(000)*<br>| &nbsp;&nbsp; *Value/* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| Long Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp; WTI Crude Oil | 1627 | 08/20/25 | &nbsp;&nbsp; $112686 | $4591571 |
| &nbsp;&nbsp;&nbsp; Brent Crude Oil | 1588 | 08/29/25 | &nbsp;&nbsp; 113860 | &nbsp;&nbsp;&nbsp;&nbsp; 4944735 |
| &nbsp;&nbsp;&nbsp; NY Harbor ULSD | 242 | 08/29/25 | &nbsp;&nbsp; 24352 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198349 |
| &nbsp;&nbsp;&nbsp; Corn | 1307 | 09/12/25 | &nbsp;&nbsp; 25748 | &nbsp;&nbsp;&nbsp; (3164225) |
| &nbsp;&nbsp;&nbsp; KC HRW Wheat | 258 | 09/12/25 | &nbsp;&nbsp; 6789 | &nbsp;&nbsp;&nbsp;&nbsp; (246534) |
| &nbsp;&nbsp;&nbsp; Cocoa | 80 | 09/15/25 | &nbsp;&nbsp; 6805 | &nbsp;&nbsp;&nbsp;&nbsp; (579298) |
| &nbsp;&nbsp;&nbsp; Lead | 68 | 09/15/25 | &nbsp;&nbsp; 3318 | &nbsp;&nbsp;&nbsp;&nbsp; (133075) |
| &nbsp;&nbsp;&nbsp; LME Copper | 141 | 09/15/25 | &nbsp;&nbsp; 33816 | &nbsp;&nbsp;&nbsp;&nbsp; (301231) |
| &nbsp;&nbsp;&nbsp; RBOB Gasoline | 248 | 09/30/25 | &nbsp;&nbsp; 21111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (116981) |
| &nbsp;&nbsp;&nbsp; LME PRI Aluminum | 404 | 10/13/25 | &nbsp;&nbsp; 25902 | &nbsp;&nbsp;&nbsp;&nbsp; (346556) |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® GSCI Commodity Dynamic Roll Strategy ETF**

**Futures Contracts (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | &nbsp;&nbsp; *Number of*<br> *Contracts*<br>| &nbsp;&nbsp; *Expiration*<br> *Date*<br>| *Notional*<br> *Amount*<br> *(000)*<br>| &nbsp;&nbsp; *Value/*<br> *Unrealized*<br> *Appreciation*<br> *(Depreciation)*<br>|
| &nbsp;&nbsp;&nbsp; Lean Hogs | 470 | 10/14/25 | &nbsp;&nbsp; $16840 | $1117262 |
| &nbsp;&nbsp;&nbsp; Cattle Feeder | 112 | 10/30/25 | &nbsp;&nbsp; 18490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 620604 |
| &nbsp;&nbsp;&nbsp; Live Cattle | 412 | 10/31/25 | &nbsp;&nbsp; 36775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 918891 |
| &nbsp;&nbsp;&nbsp; Soybean | 374 | 11/14/25 | &nbsp;&nbsp; 18499 | &nbsp;&nbsp;&nbsp;&nbsp; (780721) |
| &nbsp;&nbsp;&nbsp; Low Sulphur Gas | 472 | 12/11/25 | &nbsp;&nbsp; 31801 | &nbsp;&nbsp;&nbsp;&nbsp; 2453599 |
| &nbsp;&nbsp;&nbsp; wheat | 545 | 12/12/25 | &nbsp;&nbsp; 14783 | &nbsp;&nbsp;&nbsp;&nbsp; (872548) |
| &nbsp;&nbsp;&nbsp; LME Zinc | 78 | 12/15/25 | &nbsp;&nbsp; 5397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170936 |
| &nbsp;&nbsp;&nbsp; Silver | 24 | 12/29/25 | &nbsp;&nbsp; 4463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 541661 |
| &nbsp;&nbsp;&nbsp; Natural Gas | 631 | 02/25/26 | &nbsp;&nbsp; 23921 | &nbsp;&nbsp;&nbsp; (1416958) |
| &nbsp;&nbsp;&nbsp; Cotton | 161 | 03/09/26 | &nbsp;&nbsp; 5522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (53265) |
| &nbsp;&nbsp;&nbsp; Coffee | 88 | 03/19/26 | &nbsp;&nbsp; 9306 | &nbsp;&nbsp;&nbsp; (1535728) |
| &nbsp;&nbsp;&nbsp; Sugar | 511 | 04/30/26 | &nbsp;&nbsp; 9541 | &nbsp;&nbsp;&nbsp;&nbsp; (160910) |
| &nbsp;&nbsp;&nbsp; Gold 100 OZ | 148 | 06/26/26 | &nbsp;&nbsp; 50678 | &nbsp;&nbsp;&nbsp;&nbsp; (661709) |
| &nbsp;&nbsp;&nbsp; LME Nickel | 55 | 12/14/26 | &nbsp;&nbsp; 5190 | &nbsp;&nbsp;&nbsp;&nbsp; (504690) |
|  |  |  |  | $4683179 |

---

**Fair Value Hierarchy as of Period End** 

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;

• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent 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  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certificates of Deposit | &nbsp;&nbsp; $— | &nbsp;&nbsp; $154288649 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $154288649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp; — | &nbsp;&nbsp; 253776899 | &nbsp;&nbsp; — | &nbsp;&nbsp; 253776899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 87562695 | &nbsp;&nbsp; — | &nbsp;&nbsp; 87562695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 84392359 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 84392359 |
|  | &nbsp;&nbsp; $84392359 | &nbsp;&nbsp; $495628243 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $580020602 |
| Derivative Financial Instruments<sup>(a)</sup>  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commodity Contracts | &nbsp;&nbsp; $15557608 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $15557608 |

---

------

Consolidated Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® GSCI Commodity Dynamic Roll Strategy ETF**

**Fair Value Hierarchy as of Period End (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp; Liabilities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commodity Contracts | &nbsp;&nbsp; $(10874429)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(10874429)<br>|
|  | &nbsp;&nbsp; $4683179 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; 4683179 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| SOFR | Secured Overnight Financing Rate |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** iShares U.S. ETF Trust

- **b. Investment Company Act file number:** 811-22649

- **c. CIK number of Registrant:** 0001524513

- **d. LEI of Registrant:** 5493002YECWEEITPWL97

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 400 HOWARD STREET

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-474-2737

**Item A.2. Information about the Series.**

- **a. Name of Series:** iShares GSCI Commodity Dynamic Roll Strategy ETF

- **b. EDGAR series identifier (if any):** S000044971

- **c. LEI of Series:** 549300C13U1N0KJIYQ73

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $628239805.85

**Total Liabilities:** $251768.51

**Net Assets:** $627988037.34

**Amount of Assets Invested in Other Investment Companies:** $97981462.65

**Cash Not Reported:** $41103127.54

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 7270.33000000 | **1-Year:** 4926.70000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000139416 | 2.09%                | 4.34%                | 3.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $370.88                  | $-46028.80                                 |
| Month 2  | $53.31                   | $42521.68                                  |
| Month 3  | $0.00                    | $-75601.76                                 |

**Designated Index Information**

- **Index Name:** S&P GSCI Dynamic Roll Index

- **Index Identifier:** SPDYCI

### Schedule of Portfolio Investments

| Name                                                     | Title                                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ANZ New Zealand Int'l Ltd/London                         | ANZ New Zealand Int'l Ltd/London                         | CUSIP: 0018A2XU5<br>LEI: 213800VD256NU2D97H12 | Long             | STIV             | CORP              | AU        |   5020000 | PA      | $4966994.32   | 0.79%             | 2025-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chevron Corp                                             | Chevron Corp                                             | CUSIP: 16677KA60<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   5180000 | PA      | $5082149.28   | 0.81%             | 2026-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KOOKMIN BK NY BRH                                        | KOOKMIN BK NY BRH                                        | CUSIP: 48668M7H0<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   4010000 | PA      | $4012349.86   | 0.64%             | 2026-04-29      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                              | Citibank NA                                              | CUSIP: 17330QGW1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | STIV             | CORP              | US        |   6000000 | PA      | $6001871.40   | 0.96%             | 2025-09-19      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANK CORPORATE                                    | LLOYDS BANK CORPORATE                                    | CUSIP: 53947B4A5<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   4080000 | PA      | $4076191.73   | 0.65%             | 2026-07-16      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BK                                      | TORONTO DOMINION BK                                      | CUSIP: 89115DHG4<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1999952.20   | 0.32%             | 2025-09-23      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| Landesbank Baden-Wuerttemberg/New York NY                | Landesbank Baden-Wuerttemberg/New York NY                | CUSIP: 51501YD41<br>LEI: B81CK4ESI35472RHJ606 | Long             | STIV             | CORP              | DE        |   6350000 | PA      | $6350113.03   | 1.01%             | 2025-08-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mondelez International Inc                               | Mondelez International Inc                               | CUSIP: 60920VVB5<br>LEI: 549300DV9GIB88LZ5P30 | Long             | STIV             | CORP              | US        |   2890000 | PA      | $2885995.33   | 0.46%             | 2025-08-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe                                       | BRENT CRUDE FUTR OCT25                                   | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |      1594 | NC      | $4961039.38   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange                                    | LME COPPER FUTURE SEP25                                  | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       142 | NC      | $-306356.80   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                                 | Svenska Handelsbanken/New York NY                        | CUSIP: 86959TLF1<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |   5000000 | PA      | $5000653.50   | 0.80%             | 2026-02-20      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Lime Funding LLC                                         | Lime Funding LLC                                         | CUSIP: 53262QV76<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   3403000 | PA      | $3400114.94   | 0.54%             | 2025-08-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                             | NATURAL GAS FUTR MAR26                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       634 | NC      | $-1418895.46  | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | SOYBEAN FUTURE NOV25                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       376 | NC      | $-785503.40   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                                         | Duke Energy Corp                                         | CUSIP: 26244HVB6<br>LEI: I1BZKREC126H0VB1BL91 | Long             | STIV             | CORP              | US        |   5800000 | PA      | $5791998.32   | 0.92%             | 2025-08-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| eBay Inc                                                 | eBay Inc                                                 | CUSIP: 27864AX18<br>LEI: OML71K8X303XQONU6T67 | Long             | STIV             | CORP              | US        |   1420000 | PA      | $1408747.21   | 0.22%             | 2025-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Commodities Exchange Center                              | GOLD 100 OZ FUTR JUN26                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       148 | NC      | $-661708.76   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9959606.10   | 1.59%             | 2025-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BK CDA N Y                                         | ROYAL BK OF CANADA                                       | CUSIP: 78015J4L8<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   6000000 | PA      | $6001741.20   | 0.96%             | 2025-11-25      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SWEDBANK                                                 | Swedbank AB                                              | CUSIP: 87020YCZ9<br>LEI: M312WZV08Y7LYUC71685 | Long             | STIV             | CORP              | SE        |   5890000 | PA      | $5891727.54   | 0.94%             | 2025-10-01      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| COOPERAT RABOBANK UA/NY                                  | Cooperatieve Rabobank UA/NY                              | CUSIP: 21684LL91<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | STIV             | CORP              | NL        |   2500000 | PA      | $2499978.25   | 0.40%             | 2026-04-08      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                              | Nutrien Ltd                                              | CUSIP: 67077UV56<br>LEI: 5493002QQ7GD21OWF963 | Long             | STIV             | CORP              | CA        |   2000000 | PA      | $1998726.60   | 0.32%             | 2025-08-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK NY                                 | Toronto-Dominion Bank/NY                                 | CUSIP: 89115DEY8<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |   4000000 | PA      | $4002175.24   | 0.64%             | 2026-06-04      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe                                       | LOW SU GASOIL G DEC25                                    | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       474 | NC      | $2466050.44   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH America Finance Inc                                  | CRH America Finance Inc                                  | CUSIP: 12636CX13<br>LEI: 549300WEVUODRJ4CWK56 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4960377.50   | 0.79%             | 2025-10-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                  | National Bank of Canada                                  | CUSIP: 63307NNV5<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        |   5450000 | PA      | $5450253.53   | 0.87%             | 2026-03-20      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                    | LME NICKEL FUTURE DEC26                                  | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        55 | NC      | $-504689.99   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| LSEGA Financing PLC                                      | LSEGA Financing PLC                                      | CUSIP: 50221FV43<br>LEI: 2138009YFYTGEHZNNZ09 | Long             | STIV             | CORP              | GB        |   6500000 | PA      | $6496789.00   | 1.03%             | 2025-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER S A N Y                                  | BANCO SANTANDER S A N Y                                  | CUSIP: 05973REU2<br>LEI: N/A                  | Long             | STIV             | CORP              | ES        |   5000000 | PA      | $5002641.00   | 0.80%             | 2026-02-02      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                    | LME PRI ALUM FUTR OCT25                                  | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       406 | NC      | $-347742.15   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Intrepid Funding Co LLC                                  | Intrepid Funding Co LLC                                  | CUSIP: 46125EYE6<br>LEI: 984500FAJ11A8A3K3E69 | Long             | STIV             | CORP              | US        |   5040000 | PA      | $4974862.54   | 0.79%             | 2025-11-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Canadian National Railway Co                             | Canadian National Railway Co                             | CUSIP: 13639CV85<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | STIV             | CORP              | CA        |   5000000 | PA      | $4995088.00   | 0.80%             | 2025-08-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CRH America Finance Inc                                  | CRH America Finance Inc                                  | CUSIP: 12636CWF3<br>LEI: 549300WEVUODRJ4CWK56 | Long             | STIV             | CORP              | US        |   4960000 | PA      | $4930934.90   | 0.79%             | 2025-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank/New York                         | Standard Chartered Bank/New York                         | CUSIP: 85324UEM1<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | GB        |   5150000 | PA      | $4969286.50   | 0.79%             | 2026-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CONCORD MINUTEMEN CAP CO                                 | Concord Minutemen Capital Co LLC                         | CUSIP: 20632CCC9<br>LEI: 549300B4YYZ4SNU1JB49 | Long             | STIV             | CORP              | US        |   3570000 | PA      | $3571688.61   | 0.57%             | 2026-01-05      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange                             | WTI CRUDE FUTURE SEP25                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |      1634 | NC      | $4607508.25   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC USA Inc                                             | HSBC USA Inc                                             | CUSIP: 40434RF98<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |   3220000 | PA      | $3097952.02   | 0.49%             | 2026-06-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797NA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9894012.50   | 1.58%             | 2025-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DZ Bank AG Deutsche Zentral-Genossenschaftsbank/New York | DZ Bank AG Deutsche Zentral-Genossenschaftsbank/New York | CUSIP: 23344JD44<br>LEI: 529900HNOAA1KXQJUQ27 | Long             | STIV             | CORP              | US        |   3920000 | PA      | $3920038.42   | 0.62%             | 2025-09-25      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| EssilorLuxottica SA                                      | EssilorLuxottica SA                                      | CUSIP: 29728XW37<br>LEI: 549300M3VH1A3ER1TB49 | Long             | STIV             | CORP              | FR        |   5460000 | PA      | $5437767.97   | 0.87%             | 2025-09-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BK                                      | TORONTO DOMINION BK                                      | CUSIP: 89115DRF5<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   4720000 | PA      | $4721003.47   | 0.75%             | 2026-03-04      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797NL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4930374.00   | 0.79%             | 2025-11-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                            | HSBC Bank PLC                                            | CUSIP: 40433FVM8<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | STIV             | CORP              | GB        |   1000000 | PA      | $1000169.10   | 0.16%             | 2026-02-24      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                          | Danske Bank A/S                                          | CUSIP: 23636QXT8<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | STIV             | CORP              | DK        |   4600000 | PA      | $4550629.58   | 0.72%             | 2025-10-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Corp Americas                                 | Mitsubishi Corp Americas                                 | CUSIP: 60676MVJ4<br>LEI: 54930023GFE40WUY2P08 | Long             | STIV             | CORP              | US        |   3000000 | PA      | $2993490.60   | 0.48%             | 2025-08-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BK AG N Y BRH INSTL C                           | DEUTSCHE BK AG N Y BRH INSTL C                           | CUSIP: 25161DAM5<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   3030000 | PA      | $3028591.05   | 0.48%             | 2026-07-22      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp Ltd/New York                | Oversea-Chinese Banking Corp Ltd/New York                | CUSIP: 69033NHC2<br>LEI: 5493007O3QFXCPOGWK22 | Long             | STIV             | CORP              | US        |   6350000 | PA      | $6349620.27   | 1.01%             | 2025-09-15      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA/New York NY                               | BNP Paribas SA/New York NY                               | CUSIP: 05593DCF8<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | STIV             | CORP              | FR        |   5810000 | PA      | $5806391.99   | 0.92%             | 2025-10-02      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MUFG BANK LTD/NY                                         | MUFG Bank Ltd/New York NY                                | CUSIP: 55381BKT4<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | JP        |   4950000 | PA      | $4949911.40   | 0.79%             | 2026-02-13      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                     | Glencore Funding LLC                                     | CUSIP: 37790AVK6<br>LEI: 213800STG1QDNBY87K49 | Long             | STIV             | CORP              | US        |   6500000 | PA      | $6484332.40   | 1.03%             | 2025-08-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER S A N Y                                  | BANCO SANTANDER S A N Y                                  | CUSIP: 05973RFU1<br>LEI: N/A                  | Long             | STIV             | CORP              | ES        |   1290000 | PA      | $1289403.50   | 0.21%             | 2026-06-02      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Salisbury Receivables Co LLC                             | Salisbury Receivables Co LLC                             | CUSIP: 79490AWN4<br>LEI: 549300HB2PGDP0V6U989 | Long             | STIV             | CORP              | US        |   4280000 | PA      | $4252371.74   | 0.68%             | 2025-09-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                                  | National Bank of Canada                                  | CUSIP: 63307LY47<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        |   1860000 | PA      | $1838384.38   | 0.29%             | 2025-11-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA HOUS                                 | Bank of Nova Scotia/Houston                              | CUSIP: 06418NGW6<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | STIV             | CORP              | CA        |   5380000 | PA      | $5381860.94   | 0.86%             | 2026-03-18      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                                   | COTTON NO.2 FUTR MAR26                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       162 | NC      | $-53812.64    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                             | GASOLINE RBOB FUT OCT25                                  | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       249 | NC      | $-116866.51   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | WHEAT FUTURE(CBT) DEC25                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       548 | NC      | $-879647.67   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                   | COFFEE 'C' FUTURE MAR26                                  | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        88 | NC      | $-1535727.63  | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                                 | Svenska Handelsbanken/New York NY                        | CUSIP: 86959TKL9<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |   1590000 | PA      | $1590780.69   | 0.25%             | 2026-01-13      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                                   | COCOA FUTURE SEP25                                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        80 | NC      | $-579297.60   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                   | SUGAR 11 (WORLD) MAY26                                   | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       513 | NC      | $-161565.17   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | CORN FUTURE SEP25                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |      1313 | NC      | $-3179736.89  | -0.51%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange                             | NY HARB ULSD FUT SEP25                                   | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       243 | NC      | $198432.14    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Grove Funding                                       | Pure Grove Funding                                       | CUSIP: 74625TYJ9<br>LEI: 5493001D6K5CFMBUWV36 | Long             | STIV             | CORP              | US        |   5170000 | PA      | $5100386.98   | 0.81%             | 2025-11-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Salisbury Receivables Co LLC                             | Salisbury Receivables Co LLC                             | CUSIP: 79490AV13<br>LEI: 549300HB2PGDP0V6U989 | Long             | STIV             | CORP              | US        |   6800000 | PA      | $6799179.92   | 1.08%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797QH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  14000000 | PA      | $13993285.18  | 2.23%             | 2025-08-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Aquitaine Funding Co LLC                                 | Aquitaine Funding Co LLC                                 | CUSIP: 03843LW46<br>LEI: 549300RM1I17W1XLUM92 | Long             | STIV             | CORP              | US        |   5500000 | PA      | $5476240.55   | 0.87%             | 2025-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Natixis SA/New York NY                                   | Natixis SA/New York NY                                   | CUSIP: 63873TEL8<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | STIV             | CORP              | FR        |   1380000 | PA      | $1379524.18   | 0.22%             | 2026-07-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD/NY                                       | Mizuho Bank Ltd/New York NY                              | CUSIP: 60710TYT2<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | JP        |   3160000 | PA      | $3160897.76   | 0.50%             | 2025-10-10      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Ameren Corp                                              | Ameren Corp                                              | CUSIP: 02360RV56<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | STIV             | CORP              | US        |   2500000 | PA      | $2498443.00   | 0.40%             | 2025-08-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                              | CATTLE FEEDER FUT OCT25                                  | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |       112 | NC      | $620604.10    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Chartered Bank/New York                         | Standard Chartered Bank/New York                         | CUSIP: 85325VQP8<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | US        |   4630000 | PA      | $4630569.49   | 0.74%             | 2026-02-11      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                     | Royal Bank of Canada                                     | CUSIP: 78013VX31<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | STIV             | CORP              | US        |   8450000 | PA      | $8384583.48   | 1.34%             | 2025-10-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp                              | American Honda Finance Corp                              | CUSIP: 02665JW55<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |   6160000 | PA      | $6131651.68   | 0.98%             | 2025-09-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMP BK COMM NY                                  | Canadian Imperial Bank of Commerce/New York NY           | CUSIP: 13606DEU2<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |   4450000 | PA      | $4452640.63   | 0.71%             | 2026-02-09      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                               | AbbVie Inc                                               | CUSIP: 00287BWG0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | STIV             | CORP              | US        |   5030000 | PA      | $4999877.34   | 0.80%             | 2025-09-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                    | LME ZINC FUTURE DEC25                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        78 | NC      | $170935.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                   | KC HRW WHEAT FUT SEP25                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       260 | NC      | $-249976.09   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                              | LEAN HOGS FUTURE OCT25                                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |       472 | NC      | $1122734.62   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Concord Minutemen Capital Co LLC                         | Concord Minutemen Capital Co LLC                         | CUSIP: 2063CPZ83<br>LEI: 549300B4YYZ4SNU1JB49 | Long             | STIV             | CORP              | US        |   5170000 | PA      | $5088290.22   | 0.81%             | 2025-12-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BK                                     | CANADIAN IMPERIAL BK                                     | CUSIP: 13606DAY8<br>LEI: N/A                  | Long             | STIV             | CORP              | CA        |   5870000 | PA      | $5869373.67   | 0.93%             | 2025-10-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ING (US) FUNDING LLC                                     | ING US Funding LLC                                       | CUSIP: 44988KLJ6<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | STIV             | CORP              | US        |   5810000 | PA      | $5811166.65   | 0.93%             | 2025-10-03      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| Ionic Funding LLC                                        | Ionic Funding LLC                                        | CUSIP: 46224KVT2<br>LEI: 2549003T8ZP164671925 | Long             | STIV             | CORP              | US        |   6530000 | PA      | $6508382.44   | 1.04%             | 2025-08-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                   | Macquarie Bank Ltd                                       | CUSIP: 55607NC81<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |   1830000 | PA      | $1830207.16   | 0.29%             | 2026-03-20      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Commodities Exchange Center                              | SILVER FUTURE DEC25                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        24 | NC      | $541661.47    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                                       | PPG Industries Inc                                       | CUSIP: 69350AVE5<br>LEI: 549300BKPEP01R3V6C59 | Long             | STIV             | CORP              | US        |   6310000 | PA      | $6298782.71   | 1.00%             | 2025-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MUFG BANK LTD/NY                                         | MUFG Bank Ltd/New York NY                                | CUSIP: 55381BFG8<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | JP        |   1300000 | PA      | $1300206.57   | 0.21%             | 2025-12-03      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp                             | Sumitomo Mitsui Banking Corp                             | CUSIP: 86565GQJ2<br>LEI: 5U0XI89JRFVHWIBS4F54 | Long             | STIV             | CORP              | JP        |   5060000 | PA      | $5059364.97   | 0.81%             | 2026-03-10      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797RF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   5000000 | PA      | $4812814.35   | 0.77%             | 2026-07-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES           | BlackRock Cash Funds: Treasury, SL Agency Shares         | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |  84392360 | NS      | $84392359.55  | 13.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Banking Corp                             | Sumitomo Mitsui Banking Corp                             | CUSIP: 86565GQA1<br>LEI: 5U0XI89JRFVHWIBS4F54 | Long             | STIV             | CORP              | JP        |   3650000 | PA      | $3647414.34   | 0.58%             | 2026-06-04      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Mars Inc                                                 | Mars Inc                                                 | CUSIP: 57167EVU9<br>LEI: 54930073HKEO6GZBSS03 | Long             | STIV             | CORP              | US        |   6500000 | PA      | $6478017.00   | 1.03%             | 2025-08-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| E.ON SE                                                  | E.ON SE                                                  | CUSIP: 26877JV42<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | STIV             | CORP              | DE        |   5000000 | PA      | $4997477.00   | 0.80%             | 2025-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Korea Development Bank/The                               | Korea Development Bank/The                               | CUSIP: 5006E2W24<br>LEI: 549300ML2LNRZUCS7149 | Long             | STIV             | CORP              | US        |   6200000 | PA      | $6175260.76   | 0.98%             | 2025-09-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   7500000 | PA      | $7260588.23   | 1.16%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bayerische Landesbank/New York                           | Bayerische Landesbank/New York                           | CUSIP: 0727MDEG6<br>LEI: 549300DJ6F1V4GISFC11 | Long             | STIV             | CORP              | DE        |   7000000 | PA      | $7000099.40   | 1.11%             | 2025-08-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797QG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   7000000 | PA      | $6931550.92   | 1.10%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DBS Bank Ltd                                             | DBS Bank Ltd                                             | CUSIP: 23305DWG6<br>LEI: ATUEL7OJR5057F2PV266 | Long             | STIV             | CORP              | SG        |   6440000 | PA      | $6403440.12   | 1.02%             | 2025-09-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                             | DNB Bank ASA                                             | CUSIP: 2332K0X80<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |   6300000 | PA      | $6247805.76   | 0.99%             | 2025-10-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL CHICAGO                                 | Bank of Montreal/Chicago IL                              | CUSIP: 06367DPF6<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |   4720000 | PA      | $4721304.14   | 0.75%             | 2026-02-20      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Concord Minutemen Capital Co LLC                         | Concord Minutemen Capital Co LLC                         | CUSIP: 20632KZ36<br>LEI: 549300B4YYZ4SNU1JB49 | Long             | STIV             | CORP              | US        |   4240000 | PA      | $4175541.40   | 0.66%             | 2025-12-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                              | LIVE CATTLE FUTR OCT25                                   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |       413 | NC      | $921436.65    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS NEW YORK                                     | BNP Paribas SA/New York NY                               | CUSIP: 05593DEY5<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | STIV             | CORP              | FR        |   6300000 | PA      | $6301519.56   | 1.00%             | 2025-11-20      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| MUFG Bank Ltd/New York NY                                | MUFG Bank Ltd/New York NY                                | CUSIP: 55381BCV8<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $4000095.20   | 0.64%             | 2025-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER S A N Y                                  | BANCO SANTANDER S A N Y                                  | CUSIP: 05973REQ1<br>LEI: N/A                  | Long             | STIV             | CORP              | ES        |   3710000 | PA      | $3708735.26   | 0.59%             | 2026-05-26      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Credit Agricole Corporate and Investment Bank/New York   | Credit Agricole Corporate and Investment Bank/New York   | CUSIP: 22533UBL6<br>LEI: 254900BN8XS34XZDJ223 | Long             | STIV             | CORP              | FR        |   1920000 | PA      | $1873040.45   | 0.30%             | 2026-02-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                 | JP Morgan Securities LLC                                 | CUSIP: 46656HEG3<br>LEI: ZBUT11V806EZRVTWT807 | Long             | STIV             | CORP              | US        |   5420000 | PA      | $5422982.63   | 0.86%             | 2025-11-04      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                   | U.S. Treasury Bills                                      | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $29780463.91  | 4.74%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                   | Macquarie Bank Ltd                                       | CUSIP: 55607NWU0<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |   2750000 | PA      | $2750324.23   | 0.44%             | 2025-08-15      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                          | Danske Bank A/S                                          | CUSIP: 23636RBC7<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | STIV             | CORP              | DK        |   6550000 | PA      | $6394834.43   | 1.02%             | 2026-02-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange                                    | LME LEAD FUTURE SEP25                                    | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        68 | NC      | $-133074.95   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                                 | United Overseas Bank Ltd                                 | CUSIP: 91127RGT8<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | STIV             | CORP              | SG        |   5640000 | PA      | $5640519.44   | 0.90%             | 2025-09-17      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                              | Citibank NA                                              | CUSIP: 17330QHH3<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | STIV             | CORP              | US        |   4600000 | PA      | $4600727.72   | 0.73%             | 2026-01-22      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Lloyds Bank PLC                                          | Lloyds Bank PLC                                          | CUSIP: 53943SBP1<br>LEI: H7FNTJ4851HG0EXQ1Z70 | Long             | STIV             | CORP              | GB        |   3500000 | PA      | $3412939.25   | 0.54%             | 2026-02-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ING (US) FUNDING LLC                                     | ING US Funding LLC                                       | CUSIP: 44988KLN7<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | STIV             | CORP              | US        |   6250000 | PA      | $6251199.38   | 1.00%             | 2025-10-17      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMP BK COMM NY                                  | Canadian Imperial Bank of Commerce/New York NY           | CUSIP: 13606DFC1<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |   2000000 | PA      | $2001306.80   | 0.32%             | 2026-02-06      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Mizuho Bank Ltd/New York NY                              | Mizuho Bank Ltd/New York NY                              | CUSIP: 60710TVN8<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | US        |   5470000 | PA      | $5468990.79   | 0.87%             | 2025-11-07      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd                                       | Macquarie Bank Ltd                                       | CUSIP: 55607LGL2<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |   4590000 | PA      | $4399112.00   | 0.70%             | 2026-07-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PPG Industries Inc                                       | PPG Industries Inc                                       | CUSIP: 69350AVD7<br>LEI: 549300BKPEP01R3V6C59 | Long             | STIV             | CORP              | US        |   3250000 | PA      | $3244638.80   | 0.52%             | 2025-08-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                                  | Australia & New Zealand Banking Group Ltd                | CUSIP: 05253MXT6<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | STIV             | CORP              | AU        |   6000000 | PA      | $6001622.40   | 0.96%             | 2025-11-17      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TRUST NY                                 | Sumitomo Mitsui Trust NY                                 | CUSIP: 86564TCE1<br>LEI: 5493006GGLR4BTEL8O61 | Long             | STIV             | CORP              | JP        |   5000000 | PA      | $5000609.50   | 0.80%             | 2026-01-14      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                      | Societe Generale SA                                      | CUSIP: 83369CB29<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | STIV             | CORP              | US        |   4910000 | PA      | $4800371.98   | 0.76%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON                                  | Bank of New York Mellon/The                              | CUSIP: 06428DAD4<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | STIV             | CORP              | US        |   2750000 | PA      | $2749747.28   | 0.44%             | 2026-03-26      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** iShares U.S. ETF Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer