# EDGAR Filing Document

**Accession Number:** 0001524513
**File Stem:** 0001752724-23-072022
**Filing Date:** 2023-3
**Character Count:** 91907
**Document Hash:** b3c2001936d61abf33386dbdc0867414
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-072022.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001752724-23-072022

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iShares U.S. ETF Trust
- **CENTRAL INDEX KEY:** 0001524513
- **IRS NUMBER:** 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:** 23774149

**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

### BlackRock Short Maturity Municipal Bond ETF (Series ID: S000047352)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000148680 | BlackRock Short Maturity Municipal Bond ETF | MEAR            |

## Nport-Ex

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) | **BlackRock Short Maturity Municipal Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par* <br> *(000)*  | *Value* |
| **Municipal Debt Obligations** |  |  |
| **Alabama — 5.1%** |  |  |
| Black Belt Energy Gas District RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.28%, 12/01/48 (Put 12/01/23)<sup>(a)(b)</sup> | $15000 | $14986635 |
| &nbsp;&nbsp;&nbsp;4.00%, 06/01/23 | 240 | 240240 |
| &nbsp;&nbsp;&nbsp;4.00%, 06/01/23 | 1500 | 1500240 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/01/24 | 1250 | 1253111 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/23 | 1000 | 1008507 |
| &nbsp;&nbsp;&nbsp;5.25%, 12/01/23 | 530 | 535997 |
| &nbsp;&nbsp;&nbsp;5.25%, 06/01/24 | 500 | 509417 |
| &nbsp;&nbsp;&nbsp;5.25%, 12/01/24 | 2745 | 2811887 |
| &nbsp;&nbsp;&nbsp;5.25%, 12/01/24 | 630 | 646694 |
| &nbsp;&nbsp;&nbsp;5.25%, 06/01/25 | 615 | 635473 |
| Southeast Energy Authority A Cooperative District RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 10/01/23 | 450 | 450779 |
| &nbsp;&nbsp;&nbsp;Series B, 4.00%, 06/01/24 | 1200 | 1204222 |
|  |  | 25783202 |
| **Arizona — 0.7%** |  |  |
| Arizona Health Facilities Authority RB, Class B, 1.91%, 01/01/46 (Put 11/04/26)<sup>(a)(b)</sup> | 3600 | 3589103 |
| **California — 0.4%** |  |  |
| California Community Choice Financing Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 02/01/24 | 500 | 501277 |
| &nbsp;&nbsp;&nbsp;4.00%, 08/01/24 | 350 | 351538 |
| State of California GO, 5.00%, 12/01/24 | 1190 | 1250788 |
|  |  | 2103603 |
| **Colorado — 1.0%** |  |  |
| City & County of Denver Co. Airport System Revenue RB, |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/15/23 | 250 | 254849 |
| Colorado School of Mines RB, VRDN, 2.53%, 12/01/25 (Call 06/01/25)<sup>(a)(b)</sup> | 5000 | 5024715 |
|  |  | 5279564 |
| **Connecticut — 2.5%** |  |  |
| State of Connecticut GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.65%, 03/01/25 <sup>(a)(b)</sup> | 4600 | 4752775 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series C, VRDN, 1.68%, 05/15/34 (Put 01/31/23)<sup>(b)</sup> | 7820 | 7820000 |
|  |  | 12572775 |
| **District of Columbia — 1.7%** |  |  |
| District of Columbia, 2.43%, 03/15/23 | 4000 | 4002519 |
| District of Columbia RB, 1.70%, 04/01/38 (Put 01/31/23)<sup>(b)</sup> | 2890 | 2890000 |
| Tender Option Bond Trust Receipts/Certificates RB, 1.95%, 10/01/53 (Put 10/01/29)<sup>(b)(c)</sup> | 1565 | 1565000 |
|  |  | 8457519 |
| **Florida — 4.5%** |  |  |
| County of Martin FL RB, 1.72%, 07/01/52 (Put 01/31/23)<sup>(b)</sup> | 2500 | 2500000 |
| County of Miami-Dade FL Aviation Revenue RB, Series A, 5.00%, 10/01/23 | 2500 | 2539188 |
| County of Palm Beach FL RB, 1.73%, 07/01/32 (Put 02/01/23)<sup>(b)</sup> | 2800 | 2800000 |
| County of St. Lucie FL, 1.35%, 09/01/28 (Put 01/31/23)<sup>(b)</sup> | 11100 | 11100000 |
| Miami-Dade County Industrial Development Authority RB, 0.40%, 08/01/23 | 1000 | 981752 |
| Pinellas County Housing Finance Authority RB, 1.68%, 10/01/48 (Put 01/31/23)<sup>(b)</sup> | 3070 | 3070000 |
|  |  | 22990940 |
| **Georgia — 5.1%** |  |  |
| Burke County Development Authority RB, 2.25%, 10/01/32Put<sup>(b)</sup> | 2000 | 1993440 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)* | *Value* |
| **Georgia (continued)** |  |  |
| Main Street Natural Gas Inc. RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/24 | $1500 | $1523401 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/24 | 560 | 568907 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/25 | 750 | 770851 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/27 | 1750 | 1832890 |
| &nbsp;&nbsp;&nbsp;&nbsp;VRDN, 2.23%, 08/01/48 (Put 12/01/23)<sup>(a)(b)</sup> | 5000 | 4966335 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, VRDN, 4.00%, 04/01/48 (Put 09/01/23)<sup>(b)</sup> | 5685 | 5697837 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D, VRDN, 3.76%, 08/01/48 (Put 12/01/23)<sup>(a)</sup> | 5000 | 4996390 |
| Monroe County Development Authority RB, 1.35%, 06/01/49Put<sup>(b)</sup> | 3700 | 3700000 |
|  |  | 26050051 |
| **Illinois — 1.0%** |  |  |
| Illinois Development Finance Authority RB, 1.75%, 02/01/33 (Put 01/31/23)<sup>(b)</sup> | 2000 | 2000000 |
| Illinois Finance Authority RB, 1.67%, 01/01/37 (Put 02/01/23)<sup>(b)</sup> | 3100 | 3100000 |
|  |  | 5100000 |
| **Indiana — 4.3%** |  |  |
| Indiana Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.90%, 05/01/28 Put <sup>(b)</sup> | 2000 | 2000000 |
| &nbsp;&nbsp;&nbsp;4.50%, 12/15/46 (Put 11/15/23) | 12000 | 12022776 |
| Indianapolis Local Public Improvement Bond Bank RB, Series A, 5.00%, 06/01/23 | 1800 | 1812901 |
| Tender Option Bond Trust Receipts/Certificates RB, 2.05%, 04/01/30Put<sup>(b)(c)</sup> | 6000 | 6000000 |
|  |  | 21835677 |
| **Iowa — 4.3%** |  |  |
| Iowa Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;VRDN, 1.65%, 01/01/47 (Put 01/31/23)<sup>(b)</sup> | 8400 | 8400000 |
| &nbsp;&nbsp;&nbsp;&nbsp;VRDN, 1.71%, 12/01/41 (Put 01/31/23)<sup>(b)(c)</sup> | 3200 | 3200000 |
| &nbsp;&nbsp;&nbsp;&nbsp;VRDN, 1.70%, 05/01/23 (Put 01/31/23)<sup>(b)</sup> | 10000 | 10000000 |
|  |  | 21600000 |
| **Kansas — 1.4%** |  |  |
| City of Burlington KS RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, VRDN, 1.84%, 09/01/35 (Put 01/31/23)<sup>(b)</sup> | 4000 | 4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, VRDN, 1.84%, 09/01/35 (Put 01/31/23)<sup>(b)</sup> | 3000 | 3000000 |
|  |  | 7000000 |
| **Kentucky — 3.1%** |  |  |
| County of Meade KY RB, 2.00%, 08/01/61 (Put 01/31/23)<sup>(b)</sup> | 4100 | 4100000 |
| Kentucky Economic Development Finance Authority RB, 2.90%, 04/01/31 (03/01/23) | 2000 | 2000000 |
| Kentucky Public Energy Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 02/01/23 | 1000 | 1000000 |
| &nbsp;&nbsp;&nbsp;4.00%, 12/01/49 (Put 06/01/25) | 4000 | 4018320 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, VRDN, 4.00%, 04/01/48 (Put 04/01/24)<sup>(b)</sup> | 3930 | 3950094 |
| Tender Option Bond Trust Receipts/Certificates RB, 1.93%, 12/01/41 (Put 12/01/27) (AGM)<sup>(b)(c)</sup> | 500 | 500000 |
|  |  | 15568414 |
| **Louisiana — 6.6%** |  |  |
| Lake Charles Harbor & Terminal District RB, 1.00%, 12/01/51Put<sup>(b)</sup> | 4325 | 4082562 |
| Louisiana Offshore Terminal Authority RB, 1.65%, 09/01/27Put<sup>(b)</sup> | 400 | 393581 |
| Louisiana Stadium & Exposition District RB, 4.00%, 07/03/23 (Call 04/01/23) | 2325 | 2327755 |
| Parish of St James LA RB, Series B1, 2.13%, 11/01/40 (Put 01/31/23)<sup>(b)</sup> | 26500 | 26500000 |
|  |  | 33303898 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **BlackRock Short Maturity Municipal Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)* | *Value* |
| **Massachusetts — 0.9%** |  |  |
| Massachusetts Educational Financing Authority RB, 5.00%, 01/01/24 | $2500 | $2542440 |
| Massachusetts Housing Finance Agency RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 0.30%, 12/01/23 (Call 02/21/23) | 1000 | 973163 |
| &nbsp;&nbsp;&nbsp;Series A, 0.40%, 06/01/24 (Call 06/01/23) | 1000 | 963775 |
|  |  | 4479378 |
| **Michigan — 0.1%** |  |  |
| Michigan Finance Authority RB, 0.40%, 10/15/23 | 665 | 652486 |
| **Minnesota — 3.8%** |  |  |
| City of Minneapolis MN RB, 1.68%, 12/01/40 (Put 02/01/23)<sup>(b)</sup> | 9450 | 9450000 |
| City of Rochester MN RB, 1.65%, 05/01/61 (Put 01/31/23)<sup>(b)</sup> | 4800 | 4800000 |
| University of Minnesota, 1.91%, 03/08/23 | 5000 | 5004293 |
|  |  | 19254293 |
| **Missouri — 0.5%** |  |  |
| County of Greene MO COP, Series A, 3.00%, 03/01/23 | 350 | 350110 |
| RBC Municipal Products Inc. Trust RB, 1.95%, 09/01/39Put<sup>(b)(c)</sup> | 2000 | 2000000 |
|  |  | 2350110 |
| **Nebraska — 0.6%** |  |  |
| Central Plains Energy Project RB, 5.00%, 03/01/50 (Put 01/01/24)<sup>(b)</sup> | 1000 | 1010725 |
| County of Douglas NE RB, 2.19%, 07/01/35Put<sup>(a)(b)</sup> | 1980 | 1964091 |
|  |  | 2974816 |
| **Nevada — 2.5%** |  |  |
| County of Clark Department of Aviation RB, 1.70%, 07/01/40 (Put 01/31/23)<sup>(b)</sup> | 2600 | 2600000 |
| State of Nevada Department of Business & Industry RB, 3.70%, 01/01/50 (Put 01/31/24) | 10000 | 9936310 |
|  |  | 12536310 |
| **New Jersey — 8.2%** |  |  |
| Borough of Berlin NJ GO, 4.50%, 09/26/23 | 2212 | 2229253 |
| Borough of North Arlington NJ GO, 4.50%, 08/08/23 | 1173 | 1179657 |
| Borough of Park Ridge NJ GO, 4.50%, 04/28/23 | 1000 | 1002784 |
| Borough of Wood-Ridge NJ GO, 4.50%, 03/01/23 | 1640 | 1641545 |
| New Jersey Economic Development Authority RB 5.25%, 09/01/24 <sup>(c)</sup> | 7600 | 7889294 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/23 (SAP) | 1450 | 1472178 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/24 | 1010 | 1048895 |
| &nbsp;&nbsp;&nbsp;Series N-1, 5.50%, 09/01/24 (AMBAC) | 1460 | 1521539 |
| &nbsp;&nbsp;&nbsp;Series NN, 5.00%, 03/01/23 | 1000 | 1001748 |
| &nbsp;&nbsp;&nbsp;Series UU, 5.00%, 06/15/23 | 1575 | 1586644 |
| New Jersey Health Care Facilities Financing Authority RB, 5.00%, 10/01/23 | 1500 | 1520230 |
| New Jersey Higher Education Student Assistance Authority RB, 5.00%, 12/01/24 | 500 | 517422 |
| New Jersey Housing & Mortgage Finance Agency RB, 4.00%, 04/01/23 | 1290 | 1290894 |
| New Jersey Transportation Trust Fund Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/15/24 | 1575 | 1623929 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/15/24 | 1000 | 1041540 |
| &nbsp;&nbsp;&nbsp;Series A, 5.50%, 12/15/23 | 155 | 158451 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 12/15/23 | 470 | 478462 |
| &nbsp;&nbsp;&nbsp;Series D, 5.25%, 12/15/23 | 1275 | 1300671 |
| State of New Jersey GO, Series A, 4.00%, 06/01/23 | 1290 | 1296129 |
| Township of Clark NJ GO, 4.50%, 08/18/23 | 2533 | 2550260 |
| Township of Cranford NJ GO, 4.75%, 07/20/23 | 1940 | 1948578 |
| Township of Deptford NJ RB, 4.00%, 07/11/23 | 1800 | 1802680 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)* | *Value* |
| **New Jersey (continued)** |  |  |
| Township of Plainsboro NJ GO, 4.50%, 07/26/23 | $1500 | $1508415 |
| Township of Plainsboro NJ RB, 4.00%, 07/26/23 | 1340 | 1342227 |
| Township of River Vale NJ RB, 4.00%, 07/14/23 | 1258 | 1260354 |
| Township of Voorhees NJ GO, 4.00%, 09/27/23 | 1145 | 1151539 |
|  |  | 41365318 |
| **New York — 4.7%** |  |  |
| Albany Industrial Development Agency RB, 1.73%, 07/01/32 (Put 02/02/23)<sup>(b)</sup> | 800 | 800000 |
| Amherst Development Corp. RB, 1.72%, 02/01/35 (Put 01/31/23)<sup>(b)</sup> | 1720 | 1720000 |
| Genesee County Funding Corp. (The) RB, 5.00%, 12/01/23 | 150 | 152159 |
| Nassau Health Care Corp. RB, Series C, 5.00%, 08/01/23 (GTD) | 1425 | 1440842 |
| New York City Housing Development Corp. RB 0.45%, 11/01/25 (FHA) | 1560 | 1443429 |
| &nbsp;&nbsp;&nbsp;&nbsp;VRDN, 1.65%, 05/01/61 (Put 01/31/23) (FHA 542 (C))<sup>(b)</sup> | 4165 | 4165000 |
| New York Transportation Development Corp. RB, Series A, 5.00%, 12/01/23 | 1250 | 1268671 |
| Town of Oyster Bay NY GOL, 4.00%, 03/01/23 | 425 | 425394 |
| Triborough Bridge & Tunnel Authority RB, 3.93%, 04/01/26 (Call 10/01/25)<sup>(a)(b)</sup> | 11000 | 11000000 |
| Village of Hamburg NY, 3.50%, 07/20/23 | 1506 | 1505271 |
|  |  | 23920766 |
| **North Carolina — 1.6%** |  |  |
| North Carolina Capital Facilities Finance Agency RB, Series A, 2.90%, 07/01/34Put<sup>(b)</sup> | 8000 | 8000000 |
| **Ohio — 1.3%** |  |  |
| Akron Bath Copley Joint Township Hospital District RB, 5.00%, 11/15/23 | 325 | 330269 |
| County of Miami OH GOL, 3.25%, 07/27/23 | 1050 | 1047022 |
| Ohio Higher Educational Facility Commission RB, Series B, 1.89%, 12/01/42 (Put 12/01/26)<sup>(a)(b)</sup> | 5500 | 5458926 |
|  |  | 6836217 |
| **Pennsylvania — 10.2%** |  |  |
| Allegheny County Hospital Development Authority RB, 2.03%, 11/15/23<sup>(a)(b)</sup> | 1500 | 1500909 |
| Butler County Industrial Development Authority/PA RB, 1.73%, 05/01/34 (Put 02/01/23)<sup>(b)</sup> | 2100 | 2100000 |
| Ephrata Area School District GO, 3.00%, 03/01/24 | 1000 | 1003817 |
| Pennsylvania Economic Development Financing Authority, 2.90%, 12/01/38 (Put 01/31/23)<sup>(b)</sup> | 23000 | 23000000 |
| Pennsylvania Economic Development Financing Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;VRDN, 2.06%, 06/01/41 (Put 06/03/24)<sup>(a)(b)</sup> | 3000 | 2934726 |
| &nbsp;&nbsp;&nbsp;&nbsp;VRDN, 2.90%, 12/01/37 (Put 01/31/23)<sup>(b)</sup> | 9070 | 9070000 |
| Pennsylvania Housing Finance Agency RB, 5.00%, 10/01/25 | 500 | 530631 |
| Pennsylvania Turnpike Commission RB, 2.26%, 12/01/23 (Call 06/01/23)<sup>(a)(b)</sup> | 10000 | 9996480 |
| Tender Option Bond Trust Receipts/Certificates RB, 1.93%, 10/01/41 (Put 10/01/29)<sup>(b)(c)</sup> | 1620 | 1620000 |
|  |  | 51756563 |
| **South Carolina — 0.3%** |  |  |
| South Carolina Public Service Authority RB, 1.75%, 01/01/36 (Put 01/31/23)<sup>(b)</sup> | 700 | 700000 |
| Tender Option Bond Trust Receipts/Certificates RB, 2.02%, 12/01/55 (Put 06/01/32) (BAM-TCRS)<sup>(b)(c)</sup> | 1000 | 1000000 |
|  |  | 1700000 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **BlackRock Short Maturity Municipal Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *<br> Par*<br> *(000)* | *Value* |
| **Tennessee — 3.3%** |  |  |
| Johnson City Health & Educational Facilities Board RB, 1.65%, 07/01/45 (Put 01/31/23)<sup>(b)</sup> | $2030 | $2030000 |
| Tender Option Bond Trust Receipts/Certificates RB, VRDN, 1.55%, 09/01/36 (Put 03/03/23)<sup>(b)(c)</sup> | 5000 | 5000000 |
| Tennergy Corp./TN RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 03/01/23 | 375 | 374997 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 09/01/23 | 320 | 320136 |
| Tennergy Corp/TN RB |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 12/01/23 | 650 | 655792 |
| &nbsp;&nbsp;&nbsp;5.25%, 12/01/24 | 575 | 587561 |
| &nbsp;&nbsp;&nbsp;5.25%, 12/01/25 | 575 | 593761 |
| Tennessee Energy Acquisition Corp. RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 05/01/48 (02/01/23) | 5000 | 5004925 |
| &nbsp;&nbsp;&nbsp;5.63%, 09/01/26 | 2000 | 2111784 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/23 | 250 | 251902 |
|  |  | 16930858 |
| **Texas — 7.4%** |  |  |
| Bexar County Housing Finance Corp. RB, 1.68%, 12/15/25 (Put 02/15/23)<sup>(b)</sup> | 2205 | 2205000 |
| Fort Bend Independent School District, 2.72%, 02/22/23 | 7500 | 7502535 |
| Pasadena Independent School District GO, 1.65%, 02/01/35 (Put 01/31/23)<sup>(b)</sup> | 2400 | 2400000 |
| Port of Arthur Navigation District Industrial Development Corp. RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;VRDN, 1.68%, 12/01/40 (Put 02/01/23)<sup>(b)</sup> | 7000 | 7000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;VRDN, 1.68%, 06/01/41 (Put 02/01/23)<sup>(b)</sup> | 3000 | 3000000 |
| State of Texas GO, 1.70%, 12/01/43Put<sup>(b)</sup> | 9375 | 9375000 |
| Texas Municipal Gas Acquisition & Supply Corp. III RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/15/23 | 4300 | 4352490 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/15/26 | 1850 | 1936769 |
|  |  | 37771794 |
| **Virginia — 0.1%** |  |  |
| Fairfax County Industrial Development Authority RB, 5.00%, 05/15/23 | 300 | 301998 |
| **Washington — 0.2%** |  |  |
| Washington Health Care Facilities Authority RB, 5.00%, 08/01/49 (Put 08/01/25)<sup>(b)</sup> | 800 | 829705 |
| **Wisconsin — 10.3%** |  |  |
| Eau Claire Area School District/WI REVENUE NOTES, 4.00%, 06/21/23 (Call 03/21/23) | 4100 | 4108280 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par/*<br> *Shares*<br> *(000)* | *Value* |
| **Wisconsin (continued)** |  |  |
| Jefferson School District/WI REVENUE NOTES, 4.00%, 06/28/23 (Call 03/28/23) | $6100 | $6109369 |
| Onalaska School District REVENUE NOTES, 4.00%, 07/26/23 (Call 04/26/23) | 5450 | 5460835 |
| Racine Unified School District REVENUE NOTES, 4.00%, 08/09/23 (Call 05/09/23) | 13000 | 13041301 |
| State of Wisconsin GO, 2.08%, 05/01/25 (Call 11/01/24)<sup>(a)(b)</sup> | 19990 | 19983923 |
| Wisconsin Health & Educational Facilities Authority RB, 1.84%, 08/15/54 (Put 07/01/26)<sup>(a)(b)</sup> | 2000 | 1969332 |
| Wisconsin Housing & Economic Development Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;VRDN, 1.68%, 03/01/41 (Put 01/31/23)<sup>(b)</sup> | 1000 | 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;VRDN, 1.68%, 04/01/46 (Put 01/31/23)<sup>(b)</sup> | 765 | 765000 |
|  |  | 52438040 |
| **Total Municipal Debt Obligations — 97.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost $496,486,620)** |  | 495333398 |
| **Money Market Funds** |  |  |
| BlackRock Liquidity Funds: MuniCash, 1.39%<sup>(d)(e)</sup> | 40 | 40463 |
| **Total Money Market Funds — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $40,463)** |  | 40463 |
| **Total Investments — 97.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $496,527,083)** |  | 495373861 |
| **Other Assets Less Liabilities — 2.3%** |  | 11476218 |
| **Net Assets — 100.0%** |  | $506850079 |

---

<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> Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand.

<sup>(c)</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>(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 January 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at*<br> *10/31/22* | *Purchases*<br> *at Cost* |  | *Proceeds*<br> *from Sale* | *Net Realized*<br> *Gain (Loss)* | *Change in*<br> *Unrealized*<br> *Appreciation*<br> *(Depreciation)* | *Value at*<br> *01/31/23* | *Shares*<br> *Held at*<br> *01/31/23*<br> *(000)* | *Income* | *Capital Gain*<br> *Distributions from*<br> *Underlying Funds* |
| BlackRock Liquidity Funds: MuniCash | $28912 | $11533 | <sup>(a)</sup> | $– $| 18 | $— | $40463 | 40 | $1111 | $— |

---

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

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **BlackRock Short Maturity Municipal Bond ETF** |
| January 31, 2023 |  |

---

**Fair Value Hierarchy as of Period End**

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

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

● Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

● Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

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;Long-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Municipal Debt Obligations | $— | $495333398 | $— | $495333398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 40463 |  |  | 40463 |
|  | $40463 | $495333398 | $— | $495373861 |

---

**Portfolio Abbreviation**

---

| | | | |
|:---|:---|:---|:---|
| AGM | Assured Guaranty Municipal Corp. | GTD | Guaranteed |
| AMBAC | Ambac Assurance Corp. | MO | Moral Obligation |
| COP | Certificates of Participation | RB | Revenue Bond |
| FHA | Federal Housing Administration | SAP | Subject to Appropriations |
| GO | General Obligation |  |  |
| GOL | General Obligation Limited |  |  |

---

## 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:** BlackRock Short Maturity Municipal Bond ETF

- **b. EDGAR series identifier (if any):** S000047352

- **c. LEI of Series:** 5493004L4O18LD4M5S07

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $521369419.03

**Total Liabilities:** $14519399.88

**Net Assets:** $506850019.15

**Delayed Delivery Securities:** $14377733.50

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1082.90000000 | **1-Year:** 19759.16000000 | **5-Year:** 10730.89000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 807.55000000 | **1-Year:** 425.81000000 | **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 C000148680 | 0.53%                | 0.13%                | 0.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $2006834.07                                |
| Month 2  | $0.04                    | $-512987.46                                |
| Month 3  | $17.88                   | $1156008.43                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Black Belt Energy Gas District                                            | BLACK BELT ENERGY GAS DIST ALGAS PREPAY REVENUE             | CUSIP: 09182RAM3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500240.00   | 0.30%             | 2023-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                               | OHIO ST HGR EDUCTNL FAC COMMISSION                          | CUSIP: 67756DZJ8<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5458926.00   | 1.08%             | 2042-12-01      | Floating      | 1.89%                 | No            |                  2 | On Loan: No      |
| Township of Deptford NJ                                                   | DEPTFORD TWP NJ                                             | CUSIP: 249685GD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1802680.20   | 0.36%             | 2023-07-11      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority                        | WISCONSIN ST HSG & ECON DEV AUTH MF HSG                     | CUSIP: 97689RAG9<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |    765000 | PA      | $765000.00    | 0.15%             | 2046-04-01      | Floating      | 1.68%                 | No            |                  2 | On Loan: No      |
| Township of Plainsboro NJ                                                 | PLAINSBORO TWP NJ                                           | CUSIP: 726626HK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508415.00   | 0.30%             | 2023-07-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Township of River Vale NJ                                                 | RIVER VALE NJ                                               | CUSIP: 768457LQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1258000 | PA      | $1260353.72   | 0.25%             | 2023-07-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nassau Health Care Corp                                                   | NASSAU NY HLTH CARE CORP REVENUE                            | CUSIP: 63167NBR6<br>LEI: 549300L7UKCJQEMTLX26 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1440841.73   | 0.28%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                 | NEW JERSEY ST ECON DEV AUTH REVENUE                         | CUSIP: 64577B6H2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   7600000 | PA      | $7889294.00   | 1.56%             | 2024-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Racine Unified School District                                            | RACINE WI UNIF SCH DIST                                     | CUSIP: 750046QQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13041301.00  | 2.57%             | 2023-08-09      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of St Lucie FL                                                     | SAINT LUCIE CNTY FL POLL CONTROL REVENUE                    | CUSIP: 792070BH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11100000 | PA      | $11100000.00  | 2.19%             | 2028-09-01      | Floating      | 1.35%                 | No            |                  2 | On Loan: No      |
| Genesee County Funding Corp/The                                           | GENESEE CNTY NY FUNDING CORP                                | CUSIP: 371669AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152159.40    | 0.03%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                            | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                     | CUSIP: 6461363E9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1623928.95   | 0.32%             | 2024-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                               | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE           | CUSIP: 56035DBD3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523401.50   | 0.30%             | 2024-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                               | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE           | CUSIP: 56035DEG3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $770850.75    | 0.15%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ephrata Area School District                                              | EPHRATA PA AREA SCH DIST                                    | CUSIP: 294223RB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003817.00   | 0.20%             | 2024-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Stadium & Exposition District                                   | LOUISIANA STADIUM & EXPOSITION DIST LA                      | CUSIP: 546410CF6<br>LEI: 5493000QEHWDGVGH7J62 | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2327755.13   | 0.46%             | 2023-07-03      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Borough of Berlin NJ                                                      | BERLIN BORO NJ                                              | CUSIP: 084761LV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2212000 | PA      | $2229253.60   | 0.44%             | 2023-09-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Jefferson School District/WI                                              | JEFFERSON WI SCH DIST                                       | CUSIP: 475512HG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6100000 | PA      | $6109369.60   | 1.21%             | 2023-06-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Burlington KS                                                     | BURLINGTON KS ENVRN IMPT REVENUE                            | CUSIP: 121822AZ3<br>LEI: 549300TTCJ3UTB6QDT32 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.59%             | 2035-09-01      | Floating      | 1.84%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                  | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE  | CUSIP: 646080VZ1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $517422.00    | 0.10%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Borough of North Arlington NJ                                             | NORTH ARLINGTON NJ                                          | CUSIP: 657254MT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1173000 | PA      | $1179656.78   | 0.23%             | 2023-08-08      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE           | CUSIP: 09182TAC1<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1253111.25   | 0.25%             | 2024-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pasadena Independent School District                                      | PASADENA TX INDEP SCH DIST                                  | CUSIP: 702333Z65<br>LEI: 549300QY114RR4MXVU24 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.47%             | 2035-02-01      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                               | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE           | CUSIP: 56035DEF5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    560000 | PA      | $568906.80    | 0.11%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                         | TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJECT REVENUE | CUSIP: 88044TAB5<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251902.25    | 0.05%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                  | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE              | CUSIP: 650116DC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1268671.25   | 0.25%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                    | IOWA ST FIN AUTH SF MTGE REVENUE                            | CUSIP: 462467UA7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   8400000 | PA      | $8400000.00   | 1.66%             | 2047-01-01      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| Lake Charles Harbor & Terminal District                                   | LAKE CHARLES LA HARBOR & TERMINAL DIST                      | CUSIP: 507739BB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4325000 | PA      | $4082562.13   | 0.81%             | 2051-12-01      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| Colorado School of Mines                                                  | COLORADO ST SCH OF MINES INSTNL ENTERPRISE REVENUE          | CUSIP: 19658QGG6<br>LEI: 549300TQMFMDZTM5HY46 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5024715.00   | 0.99%             | 2025-12-01      | Floating      | 2.53%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                            | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                     | CUSIP: 6461363V1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041540.00   | 0.21%             | 2024-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                 | INDIANA ST FIN AUTH ECON DEV REVENUE                        | CUSIP: 45505RBP9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.39%             | 2028-05-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                    | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                | CUSIP: 64972EXV6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   4165000 | PA      | $4165000.00   | 0.82%             | 2061-05-01      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                          | TENNERGY CORP TN GAS REVENUE                                | CUSIP: 880397BK9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    320000 | PA      | $320136.00    | 0.06%             | 2023-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Palm Beach FL                                                   | PALM BEACH CNTY FL REVENUE                                  | CUSIP: 696547CN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2800000.00   | 0.55%             | 2032-07-01      | Floating      | 1.73%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE           | CUSIP: 09182TBX4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    615000 | PA      | $635472.74    | 0.13%             | 2025-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                      | TRIBOROUGH NY BRIDGE & TUNNELAUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HEW3<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11000000.00  | 2.17%             | 2026-04-01      | Floating      | 3.93%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                         | DENVER CITY & CNTY CO ARPT REVENUE                          | CUSIP: 249182JV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254848.75    | 0.05%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT BEND INDP SCHOOL                                                     | FORT BEND INDP SCHOOL                                       | CUSIP: 33765VEG8<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   7500000 | PA      | $7502535.00   | 1.48%             | 2023-02-22      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| City of Burlington KS                                                     | BURLINGTON KS ENVRN IMPT REVENUE                            | CUSIP: 121822AY6<br>LEI: 549300TTCJ3UTB6QDT32 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.79%             | 2035-09-01      | Floating      | 1.84%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                    | MINNEAPOLIS MN REVENUE                                      | CUSIP: 603786FP4<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   9450000 | PA      | $9450000.00   | 1.86%             | 2040-12-01      | Floating      | 1.68%                 | No            |                  2 | On Loan: No      |
| Township of Plainsboro NJ                                                 | PLAINSBORO TWP NJ                                           | CUSIP: 726626HJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1342227.08   | 0.26%             | 2023-07-26      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE              | CUSIP: 09182NAX8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    240000 | PA      | $240240.48    | 0.05%             | 2023-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                       | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE               | CUSIP: 97712JEG4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1969332.00   | 0.39%             | 2054-08-15      | Floating      | 1.84%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                      | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE                    | CUSIP: 57587GHA6<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $973163.00    | 0.19%             | 2023-12-01      | Fixed         | 0.30%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                 | NEW JERSEY ST ECON DEV AUTH REVENUE                         | CUSIP: 64577BD76<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1472177.75   | 0.29%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE           | CUSIP: 09182TBU0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    530000 | PA      | $535996.95    | 0.11%             | 2023-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Village of Hamburg NY                                                     | HAMBURG VLG NY                                              | CUSIP: 406756JE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1506000 | PA      | $1505271.10   | 0.30%             | 2023-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Borough of Wood-Ridge NJ                                                  | WOOD RIDGE BORO NJ                                          | CUSIP: 97989CFT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1641544.88   | 0.32%             | 2023-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                          | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE             | CUSIP: 74440DDA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.20%             | 2023-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Butler County Industrial Development Authority/PA                         | BUTLER CNTY PA INDL DEV AUTH                                | CUSIP: 123600AP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2100000.00   | 0.41%             | 2034-05-01      | Floating      | 1.73%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                 | NEW JERSEY ST ECON DEV AUTH REVENUE                         | CUSIP: 64577BD84<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1048895.10   | 0.21%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                     | PENNSYLVANIA ST ECON DEV FINGAUTH EXEMPT FACS REVENUE       | CUSIP: 708686EQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9070000 | PA      | $9070000.00   | 1.79%             | 2037-12-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| County of Greene MO                                                       | GREENE CNTY MO COPS                                         | CUSIP: 39448PCH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350110.25    | 0.07%             | 2023-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                | ILLINOIS ST FIN AUTH REVENUE                                | CUSIP: 45200B3Y2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3100000.00   | 0.61%             | 2037-01-01      | Floating      | 1.67%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority                           | FAIRFAX CNTY VA INDL DEV AUTH HLTH CARE REVENUE             | CUSIP: 30382VAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301998.30    | 0.06%             | 2023-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                            | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                     | CUSIP: 646136YC9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1300670.85   | 0.26%             | 2023-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County/The                                | MONROE CNTY GA DEV AUTH POLL CONTROL REVENUE                | CUSIP: 610530FS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3700000.00   | 0.73%             | 2049-06-01      | Floating      | 1.35%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                         | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE             | CUSIP: 84136FAL1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1204221.60   | 0.24%             | 2024-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                               | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE           | CUSIP: 56035DEB4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1832890.50   | 0.36%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                            | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES     | CUSIP: 88034WSN5<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1620000.00   | 0.32%             | 2041-10-01      | Floating      | 1.93%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                           | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                 | CUSIP: 45528UR52<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1812900.60   | 0.36%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                          | TENNERGY CORP TN GAS REVENUE                                | CUSIP: 880397BX1<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    650000 | PA      | $655792.15    | 0.13%             | 2023-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bexar County Housing Finance Corp                                         | BEXAR CNTY TX HSG FIN CORP                                  | CUSIP: 088379SE3<br>LEI: 549300PNUZ5DCWVF3E76 | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2205000.00   | 0.44%             | 2025-12-15      | Floating      | 1.68%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                         | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE            | CUSIP: 880443HZ2<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5004925.00   | 0.99%             | 2048-05-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                          | NORTH CAROLINA ST CAPITAL FACS FIN AGY SOL WST DISP REVENUE | CUSIP: 65820AAM0<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8000000.00   | 1.58%             | 2034-07-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Louisiana Offshore Terminal Authority                                     | LOUISIANA ST OFFSHORE TERMINAL AUTH DEEPWATER PORT REVENUE  | CUSIP: 546510FP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $393581.20    | 0.08%             | 2027-09-01      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                               | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE           | CUSIP: 56035DAY8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4966335.00   | 0.98%             | 2048-08-01      | Floating      | 2.23%                 | No            |                  2 | On Loan: No      |
| Johnson City Health & Educational Facilities Board                        | JOHNSON CITY TN HLTH & EDUCTNL FACS BRD HOSP REVENUE        | CUSIP: 478271KD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2030000.00   | 0.40%             | 2045-07-01      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                            | TEXAS ST                                                    | CUSIP: 882723H93<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   9375000 | PA      | $9375000.00   | 1.85%             | 2043-12-01      | Floating      | 1.70%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                            | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES     | CUSIP: 88033Y2K6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.10%             | 2041-12-01      | Variable      | 1.93%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                      | DISTRICT OF COLUMBIA REVENUE                                | CUSIP: 2548392Q5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2890000.00   | 0.57%             | 2038-04-01      | Floating      | 1.70%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                               | WASHINGTON ST HLTH CARE FACS AUTH                           | CUSIP: 93978HVA0<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    800000 | PA      | $829704.80    | 0.16%             | 2049-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE           | CUSIP: 09182TBW6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    630000 | PA      | $646694.37    | 0.13%             | 2024-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                         | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE             | CUSIP: 84136FAB3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    450000 | PA      | $450778.50    | 0.09%             | 2023-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Amherst Development Corp                                                  | AMHERST NY DEV CORP SENIOR LIVING FAC REVENUE               | CUSIP: 03135PAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1720000.00   | 0.34%             | 2035-02-01      | Floating      | 1.72%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                         | DIRECTOR OF THE ST OF NEVADA DEPT OF BUSINESS & INDUSTRY    | CUSIP: 25457VBS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9936310.00   | 1.96%             | 2050-01-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                   | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                   | CUSIP: 837151WN5<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 0.14%             | 2036-01-01      | Floating      | 1.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                     | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV | CUSIP: 708692BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2934726.00   | 0.58%             | 2041-06-01      | Floating      | 2.06%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                          | TENNERGY CORP TN GAS REVENUE                                | CUSIP: 880397BY9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    575000 | PA      | $587560.88    | 0.12%             | 2024-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                      | CONNECTICUT ST                                              | CUSIP: 20772JZ39<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   7820000 | PA      | $7820000.00   | 1.54%             | 2034-05-15      | Floating      | 1.68%                 | No            |                  2 | On Loan: No      |
| Borough of Park Ridge NJ                                                  | PARK RIDGE NJ                                               | CUSIP: 700807LP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002784.00   | 0.20%             | 2023-04-28      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                             | MASSACHUSETTS ST EDUCTNL FING AUTH                          | CUSIP: 57563RMH9<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2542440.00   | 0.50%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | BLACK BELT ENERGY GAS DIST AL GAS PREPAY REVENUE            | CUSIP: 09182RAH4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $14986635.00  | 2.96%             | 2048-12-01      | Floating      | 2.28%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE           | CUSIP: 09182TBV8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    500000 | PA      | $509416.50    | 0.10%             | 2024-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Eau Claire Area School District/WI                                        | EAU CLAIRE WI AREA SCH DIST                                 | CUSIP: 278445JD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4108279.95   | 0.81%             | 2023-06-21      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                            | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES     | CUSIP: 88034UNN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1565000.00   | 0.31%             | 2053-10-01      | Variable      | 1.95%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                 | NEW JERSEY ST ECON DEV AUTH REVENUE                         | CUSIP: 64577BCE2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1586643.98   | 0.31%             | 2023-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                    | IOWA ST FIN AUTH POLL CONTROL FACS REVENUE                  | CUSIP: 46246WAC0<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 1.97%             | 2023-05-01      | Floating      | 1.70%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                            | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                     | CUSIP: 646136YB1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    470000 | PA      | $478461.88    | 0.09%             | 2023-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue | WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE     | CUSIP: 97689QNE2<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.20%             | 2041-03-01      | Floating      | 1.68%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                     | NEW JERSEY ST HLTH CARE FACS FING AUTH ST CONTRACT          | CUSIP: 64580ABK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1520230.50   | 0.30%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                            | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                     | CUSIP: 646136EK3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    155000 | PA      | $158450.77    | 0.03%             | 2023-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                       | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                 | CUSIP: 70879QMZ3<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $530631.00    | 0.10%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                           | KENTUCKY ST ECON DEV FIN AUTH SOL WST DISP REVENUE          | CUSIP: 49126RAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.39%             | 2031-04-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                               | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE           | CUSIP: 56035DAX0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4996390.00   | 0.99%             | 2048-08-01      | Floating      | 3.76%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                       | NEW JERSEY ST                                               | CUSIP: 646039YG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1296128.79   | 0.26%             | 2023-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE           | CUSIP: 09182TBN6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2745000 | PA      | $2811887.42   | 0.55%             | 2024-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                         | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE            | CUSIP: 880443BT2<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2111784.00   | 0.42%             | 2026-09-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                          | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE             | CUSIP: 74440DBR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4018320.00   | 0.79%             | 2049-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Martin FL                                                       | MARTIN CNTY FL REVENUE                                      | CUSIP: 573206AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500000.00   | 0.49%             | 2052-07-01      | Floating      | 1.72%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                            | TENDER OPTION BOND TRUST RECEIPTS / CTFS                    | CUSIP: 88035DJD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.20%             | 2055-12-01      | Floating      | 2.02%                 | No            |                  2 | On Loan: No      |
| County of Miami OH                                                        | MIAMI CNTY OH                                               | CUSIP: 593325MU4<br>LEI: 549300YAYSF4ZQH3JU54 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1047022.20   | 0.21%             | 2023-07-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                        | AKRON BATH COPLEY JT TWP OH HOSP DIST                       | CUSIP: 009730QA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $330269.23    | 0.07%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pinellas County Housing Finance Authority                                 | PINELLAS CNTY FL HSG FIN AUTH MF HSG REVENUE                | CUSIP: 72317BAD4<br>LEI: 549300LCO2FLSSVFFR64 | Long             | DBT              | MUN               | US        |   3070000 | PA      | $3070000.00   | 0.61%             | 2048-10-01      | Floating      | 1.68%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                          | TENNERGY CORP TN GAS REVENUE                                | CUSIP: 880397BJ2<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    375000 | PA      | $374997.00    | 0.07%             | 2023-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Industrial Development Authority                        | MIAMI-DADE CNTY FL INDL DEV AUTH SOL WST DISP REVENUE       | CUSIP: 59333GAJ7<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981752.00    | 0.19%             | 2023-08-01      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                 | NEW JERSEY ST ECON DEV AUTH REVENUE                         | CUSIP: 645918U92<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001748.00   | 0.20%             | 2023-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albany Industrial Development Agency                                      | ALBANY NY INDL DEV AGY                                      | CUSIP: 012440FQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.16%             | 2032-07-01      | Floating      | 1.73%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                           | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE | CUSIP: 13013JAY2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501277.00    | 0.10%             | 2024-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                               | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE           | CUSIP: 56035DAK8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5685000 | PA      | $5697836.73   | 1.12%             | 2048-04-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                 | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                 | CUSIP: 121342PU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1993440.00   | 0.39%             | 2032-10-01      | Floating      | 2.25%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                    | IOWA ST FIN AUTH MIDWESTERN ECON DEV REVENUE                | CUSIP: 46246XAD6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3200000.00   | 0.63%             | 2041-12-01      | Floating      | 1.71%                 | No            |                  2 | On Loan: No      |
| Township of Voorhees NJ                                                   | VOORHEES TWP NJ                                             | CUSIP: 928895RL7<br>LEI: 5493006HU7IJTEPI8B67 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1151539.10   | 0.23%             | 2023-09-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                 | BlackRock Liquidity Funds: MuniCash, Institutional Shares   | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |     40455 | NS      | $40463.33     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| State of Wisconsin                                                        | WISCONSIN ST                                                | CUSIP: 97705MXV2<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |  19990000 | PA      | $19983923.04  | 3.94%             | 2025-05-01      | Floating      | 2.08%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                             | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE               | CUSIP: 154871CT2<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010725.00   | 0.20%             | 2050-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                       | CALIFORNIA ST                                               | CUSIP: 13063DB49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1250787.58   | 0.25%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                     | PENNSYLVANIA ST ECON DEV FINGAUTH EXEMPT FACS REVENUE       | CUSIP: 708686EP1<br>LEI: 9R7GPTSO7KV3UQJZQ078 | Long             | DBT              | MUN               | US        |  23000000 | PA      | $23000000.00  | 4.54%             | 2038-12-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                            | TENDER OPTION BOND TRUST RECEIPTS / CTFS                    | CUSIP: 88035DWB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.99%             | 2036-09-01      | Variable      | 1.55%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                      | ROCHESTER MN MF REVENUE                                     | CUSIP: 771594AZ1<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4800000.00   | 0.95%             | 2061-05-01      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| Township of Clark NJ                                                      | CLARK TWP NJ                                                | CUSIP: 181558JG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2533000 | PA      | $2550259.86   | 0.50%             | 2023-08-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                           | ALLEGHENY CNTY PA HOSP DEV AUTH                             | CUSIP: 01728A5R3<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500909.00   | 0.30%             | 2023-11-15      | Floating      | 2.03%                 | No            |                  2 | On Loan: No      |
| Illinois Development Finance Authority                                    | ILLINOIS ST DEV FIN AUTH                                    | CUSIP: 4519083X3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.39%             | 2033-02-01      | Floating      | 1.75%                 | No            |                  2 | On Loan: No      |
| County of Meade KY                                                        | MEADE CNTY KY INDL BLDG REVENUE                             | CUSIP: 583022AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4100000.00   | 0.81%             | 2061-08-01      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                           | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE | CUSIP: 13013JAZ9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    350000 | PA      | $351538.25    | 0.07%             | 2024-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Oyster Bay NY                                                     | OYSTER BAY NY                                               | CUSIP: 692160SM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $425393.55    | 0.08%             | 2023-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Arthur Navigation District Industrial Development Corp            | PORT ARTHUR TX NAV DIST INDL DEV CORP EXEMPT FACS REVENUE   | CUSIP: 733508AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.59%             | 2041-06-01      | Floating      | 1.68%                 | No            |                  2 | On Loan: No      |
| Township of Cranford NJ                                                   | CRANFORD TWP NJ                                             | CUSIP: 224507MG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1948578.68   | 0.38%             | 2023-07-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Port of Arthur Navigation District Industrial Development Corp            | PORT ARTHUR TX NAV DIST INDL DEV CORP EXEMPT FACS REVENUE   | CUSIP: 733508AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7000000.00   | 1.38%             | 2040-12-01      | Floating      | 1.68%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                 | INDIANA ST FIN AUTH ENVRNMNTL REVENUE                       | CUSIP: 455054BJ4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12022776.00  | 2.37%             | 2046-12-15      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                  | MIAMI-DADE CNTY FL AVIATION REVENUE                         | CUSIP: 59333P5K0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2539187.50   | 0.50%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                          | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE             | CUSIP: 74440DAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3930000 | PA      | $3950094.09   | 0.78%             | 2048-04-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Clark Department of Aviation                                    | CLARK CNTY NV ARPT REVENUE                                  | CUSIP: 18085PNC4<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.51%             | 2040-07-01      | Floating      | 1.70%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                     | SAINT JAMES PARISH LA REVENUE                               | CUSIP: 790103AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  26500000 | PA      | $26500000.00  | 5.23%             | 2040-11-01      | Floating      | 2.13%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                         | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN | CUSIP: 88256HAY4<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4352490.10   | 0.86%             | 2023-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                       | ARIZONA ST HLTH FACS AUTH                                   | CUSIP: 040507QA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3589102.80   | 0.71%             | 2046-01-01      | Floating      | 1.91%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                      | CONNECTICUT ST                                              | CUSIP: 20772JMB5<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4752775.20   | 0.94%             | 2025-03-01      | Floating      | 2.65%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                         | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN | CUSIP: 88256HBB3<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1936768.70   | 0.38%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                      | MASSACHUSETTS ST HSG FIN AGY HSG REVENUE                    | CUSIP: 57587GHB4<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $963775.00    | 0.19%             | 2024-06-01      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| County of Douglas NE                                                      | DOUGLAS CNTY NE EDUCTNL FACS REVENUE                        | CUSIP: 259226CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1964090.70   | 0.39%             | 2035-07-01      | Floating      | 2.19%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                            | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE           | CUSIP: 09182TBM8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008507.00   | 0.20%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RBC Municipal Products Inc Trust                                          | RBC MUNI PRODUCTS INC TRUST                                 | CUSIP: 74934RQJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.39%             | 2039-09-01      | Floating      | 1.95%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                            | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES     | CUSIP: 88033SVX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6000000.00   | 1.18%             | 2030-04-01      | Floating      | 2.05%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                    | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                | CUSIP: 64972EZK8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1443429.00   | 0.28%             | 2025-11-01      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                          | TENNERGY CORP TN GAS REVENUE                                | CUSIP: 880397BZ6<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    575000 | PA      | $593760.53    | 0.12%             | 2025-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                          | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE        | CUSIP: 709224G86<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9996480.00   | 1.97%             | 2023-12-01      | Floating      | 2.26%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                      | District of Columbia                                        | CUSIP: 25478LAC7<br>LEI: 549300HWFOZXPKGOX654 | Long             | STIV             | MUN               | US        |   4000000 | PA      | $4002518.80   | 0.79%             | 2023-03-15      | Fixed         | 2.43%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                   | University of Minnesota                                     | CUSIP: 91446GDU6<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   5000000 | PA      | $5004293.00   | 0.99%             | 2023-03-08      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                | MICHIGAN ST FIN AUTH REVENUE                                | CUSIP: 59447TT86<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    665000 | PA      | $652486.03    | 0.13%             | 2023-10-15      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| Onalaska School District                                                  | ONALASKA WI SCH DIST                                        | CUSIP: 682225KF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5450000 | PA      | $5460834.60   | 1.08%             | 2023-07-26      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                 | NEW JERSEY ST ECON DEV AUTH                                 | CUSIP: 6459165E3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1521539.00   | 0.30%             | 2024-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                              | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                    | CUSIP: 64613ACB6<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1290893.97   | 0.25%             | 2023-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-01

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

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer