# EDGAR Filing Document

**Accession Number:** 0001524513
**File Stem:** 0001410368-25-010232
**Filing Date:** 2025-9
**Character Count:** 41117
**Document Hash:** a58fc66b0cb8352157d4590802d9bb14
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010232.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010232

**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:** 251338707

**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 Commodity Curve Carry Strategy ETF (Series ID: S000064843)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000209927 | iShares Commodity Curve Carry Strategy ETF | CCRV            |

## Nport-Ex

Consolidated Schedule of Investments (unaudited)

July 31, 2025

**iShares® Commodity Curve Carry 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, 4.42%, 02/02/26 | &nbsp;&nbsp;&nbsp; $330 | $330174 |
| Bank of Montreal, 4.49%, 01/13/26 | &nbsp;&nbsp;&nbsp; 250 | 249938 |
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia/Houston, 4.59%, 03/18/26, (1-day <br> SOFR + 0.270%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 330 | 330114 |
| &nbsp;&nbsp;&nbsp; Bayerische Landesbank (New York Branch), 4.50%, <br> 08/14/25<br>| &nbsp;&nbsp;&nbsp; 400 | 400006 |
| BNP Paribas SA/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.20%, 10/02/25 | &nbsp;&nbsp;&nbsp; 260 | 259839 |
| &nbsp;&nbsp;&nbsp; 4.57%, 11/20/25, (1-day SOFR + 0.290%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 340 | 340082 |
| Canadian Imperial Bank of Commerce/New York |  |  |
| &nbsp;&nbsp;&nbsp; 4.49%, 01/23/26 | &nbsp;&nbsp;&nbsp; 250 | 249968 |
| &nbsp;&nbsp;&nbsp; 4.62%, 02/09/26, (1-day SOFR + 0.300%)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 250 | 250148 |
| &nbsp;&nbsp;&nbsp; DZ Bank AG Deutsche <br> Zentral-Genossenschaftsbank/New York, 4.46%, <br> 09/25/25<br>| &nbsp;&nbsp;&nbsp; 340 | 340003 |
| First Abu Dhabi Bank USA NV, 4.45%, 09/26/25 | &nbsp;&nbsp;&nbsp; 420 | 420054 |
| &nbsp;&nbsp;&nbsp; Landesbank Baden-Wuerttemberg/New York, 4.50%, <br> 08/14/25<br>| &nbsp;&nbsp;&nbsp; 330 | 330006 |
| Mizuho Bank Ltd./New York, 4.60%, 11/07/25 | &nbsp;&nbsp;&nbsp; 270 | 269950 |
| Mizuho Bank Ltd/New York, 4.60%, 02/12/26 | &nbsp;&nbsp;&nbsp; 250 | 250037 |
| &nbsp;&nbsp;&nbsp; MUFG Bank Ltd./New York, 4.61%, 11/26/25, (1-day <br> SOFR + 0.210%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 340 | 340057 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp/New York, 4.53%, 12/17/25, (1-day <br> SOFR + 0.150%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 340 | 340082 |
| &nbsp;&nbsp;&nbsp; Nordea Bank Abp/New York NY, 4.57%, <br> 03/17/26, (1-day SOFR + 0.250%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 290 | 290035 |
| &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp Ltd./New York, 4.41%, <br> 08/08/25<br>| &nbsp;&nbsp;&nbsp; 300 | 300002 |
| Royal Bank of Canada, 4.60%, 11/25/25 | &nbsp;&nbsp;&nbsp; 270 | 270078 |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada/New York, 4.60%, <br> 04/07/26, (1-day SOFR + 0.557%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 250 | 250051 |
| &nbsp;&nbsp;&nbsp; Standard Chartered Bank (New York Branch), 4.60%, <br> 02/11/26<br>| &nbsp;&nbsp;&nbsp; 250 | 250031 |
| Sumitomo Mitsui Financial Group Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.43%, 03/04/26 | &nbsp;&nbsp;&nbsp; 320 | 319919 |
| &nbsp;&nbsp;&nbsp; 4.45%, 03/10/26 | &nbsp;&nbsp;&nbsp; 310 | 309961 |
| &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; 260 | 260128 |
| &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; 300 | 300039 |
| &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; 250 | 250136 |
| **Total Certificates of Deposit — 22.8%** <br>**(Cost: $7,499,974)** | **Total Certificates of Deposit — 22.8%** <br>**(Cost: $7,499,974)** | 7500838 |
| **Commercial Paper** | **Commercial Paper** | **Commercial Paper** |
| &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; 300 | 300081 |
| &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; 250 | 249977 |
| &nbsp;&nbsp;&nbsp; Barton Capital SA, 4.47%, 08/29/25, (1-day SOFR + <br> 0.250%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 310 | 310028 |
| BofA Securities Inc., 4.47%, 11/18/25 | &nbsp;&nbsp;&nbsp; 280 | 276224 |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets Inc., 4.66%, 03/20/26, (1-day <br> SOFR + 0.300%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 250 | 250047 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Par* <br>*(000*<br> *)*<br>| *Value* |
| Concord Minutemen Capital Co. LLC, 4.45%, 12/08/25 | &nbsp;&nbsp;&nbsp; $320 | $314943 |
| Duke Energy Corp., 4.52%, 08/11/25 | &nbsp;&nbsp;&nbsp; 360 | 359503 |
| E.ON SE, 4.54%, 08/04/25 | &nbsp;&nbsp;&nbsp; 500 | 499748 |
| &nbsp;&nbsp;&nbsp; ING U.S. Funding LLC, 4.48%, 10/03/25, (1-day SOFR <br> + 0.250%)<sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp; 340 | 340068 |
| &nbsp;&nbsp;&nbsp; Jackson National Life Short Term Funding LLC, 4.39%, <br> 08/19/25<br>| &nbsp;&nbsp;&nbsp; 250 | 249422 |
| &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; 270 | 270149 |
| Macquarie Bank Ltd., 4.50%, 11/19/25 | &nbsp;&nbsp;&nbsp; 260 | 256438 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd., 4.64%, 03/17/26, (1-day <br> SOFR + 0.250%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 320 | 319994 |
| &nbsp;&nbsp;&nbsp; National Bank of Canada, 4.67%, 03/20/26, (1-day <br> SOFR + 0.290%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 340 | 340016 |
| Nutrien Ltd., 4.59%, 08/05/25 | &nbsp;&nbsp;&nbsp; 250 | 249841 |
| &nbsp;&nbsp;&nbsp; Oversea-Chinese Banking Corp. Ltd., 4.41%, <br> 09/18/25, (1-day SOFR + 0.280%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 290 | 290017 |
| Pure Grove Funding, 4.47%, 11/18/25 | &nbsp;&nbsp;&nbsp; 330 | 325557 |
| Salisbury Receivables Co. LLC, 4.34%, 08/01/25 | &nbsp;&nbsp;&nbsp; 270 | 269967 |
| &nbsp;&nbsp;&nbsp; Swedbank AB, 4.51%, 10/01/25, (1-day SOFR + <br> 0.170%)<sup>(a)(b)</sup><br>| &nbsp;&nbsp;&nbsp; 260 | 260076 |
| &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; 340 | 340031 |
| **Total Commercial Paper — 18.5%** <br>**(Cost: $6,040,701)** | **Total Commercial Paper — 18.5%** <br>**(Cost: $6,040,701)** | 6072127 |
| **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, 4.32%, 08/05/25 | &nbsp;&nbsp;&nbsp; 1000 | 999520 |
| **Total U.S. Treasury Obligations — 3.1%** <br>**(Cost: $993,418)** | **Total U.S. Treasury Obligations — 3.1%** <br>**(Cost: $993,418)** | 999520 |
|  | &nbsp;&nbsp; *Shares* |  |
| **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; 18080000 | 18080000 |
| **Total Money Market Funds — 55.0%** <br>**(Cost: $18,080,000)** | **Total Money Market Funds — 55.0%** <br>**(Cost: $18,080,000)** | 18080000 |
| **Total Investments — 99.4%** <br>**(Cost: $32,614,093)** | **Total Investments — 99.4%** <br>**(Cost: $32,614,093)** | 32652485 |
| **Other Assets Less Liabilities — 0.6%** | **Other Assets Less Liabilities — 0.6%** | 206833 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $32859318 |

---

&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.

------

Consolidated Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Commodity Curve Carry Strategy ETF**

**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>| &nbsp;&nbsp; *Proceeds* <br>*from Sales*<br>| *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>| $11020000<br> $7060000 <br><sup>(a)</sup><br>| $— | $— | $— | $18080000 | 18080000 | $314207 | $— |

---

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

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

**OTC Total Return Swaps** 

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Paid by the Fund* | *Paid by the Fund* | *Received by the Fund* | *Received by the Fund* |  |  |  |  |  |  |  |  |
| *Rate*<sup>(a)</sup> <br>| *Frequency* | *Reference*<sup>(b)</sup> <br>| *Frequency* | *Counterparty* | *Effective* <br>*Date*<br>| *Termination* <br>*Date*<br>| *Notional* <br>*Amount (000)* | *Notional* <br>*Amount (000)* | *Value* | *Upfront* <br>*Premiums* <br>*Paid* <br>*(Received)*<br>| *Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| 4.24% | At Termination | &nbsp;&nbsp;&nbsp; ICE BofA Commodity <br> Enhanced Carry Total <br> Return Index<br>| At Termination | Citibank N.A. | N/A | 08/29/25 | USD | 12929 | $550503 | $— | $550503 |
| 4.24% | At Termination | &nbsp;&nbsp;&nbsp; ICE BofA Commodity <br> Enhanced Carry Total <br> Return Index<br>| At Termination | Merrill Lynch <br> International<br>| N/A | 08/29/25 | USD | 17748 | 755743 |  | 755743 |
| 4.24% | At Termination | &nbsp;&nbsp;&nbsp; ICE BofA Commodity <br> Enhanced Carry Total <br> Return Index<br>| At Termination | Merrill Lynch <br> International<br>| N/A | 08/29/25 | USD | 928 | 4339 |  | 4339 |
|  |  |  |  |  |  |  |  |  | $1310585 | $— | $1310585 |

---

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

<sup>(a)</sup> Represents 3-month Treasury Bill. Rate shown is the rate in effect as of period-end. <br> <sup>(b)</sup> Please refer to the Reference Entity below for more details.

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

<sup>USD</sup> United States Dollar

**Reference Entity**

The ICE BofA Commodity Enhanced Carry Total Return Index consists of futures contracts under each counterparty. The following table represents the individual long positions and related weighting of the future contracts underlying the ICE BofA Commodity Enhanced Carry Total Return Index as of July 31, 2025.

---

| | | |
|:---|:---|:---|
| *Futures contracts* | *Maturity date* | *Weight %* |
| Brent Crude Oil | &nbsp;&nbsp; 10/31/2025 | 28.9<br> %<br>|
| Gas Oil | &nbsp;&nbsp; 12/11/2025 | 13.8 |
| LME PRI Aluminum | &nbsp;&nbsp; 12/16/2025 | 11.7 |
| RBOB Gasoline | &nbsp;&nbsp; 11/28/2025 | 11.5 |
| LME Copper | &nbsp;&nbsp; 12/16/2025 | 9.5 |
| WTI Crude Oil | &nbsp;&nbsp; 11/20/2025 | 8.8 |
| Live Cattle | &nbsp;&nbsp; 12/31/2025 | 3.8 |
| Coffee | &nbsp;&nbsp; 3/19/2026 | 3.4 |
| Live Cattle | &nbsp;&nbsp; 4/30/2026 | 2.8 |
| Lean Hogs | &nbsp;&nbsp; 12/12/2025 | 2.3 |
| Cocoa | &nbsp;&nbsp; 12/15/2025 | 2.2 |
| LME Zinc | &nbsp;&nbsp; 12/16/2025 | 1.3 |

---

**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

------

Consolidated Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares® Commodity Curve Carry Strategy ETF**

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

&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; $7500838 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $7500838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial Paper | &nbsp;&nbsp; — | &nbsp;&nbsp; 6072127 | &nbsp;&nbsp; — | &nbsp;&nbsp; 6072127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 999520 | &nbsp;&nbsp; — | &nbsp;&nbsp; 999520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 18080000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 18080000 |
|  | &nbsp;&nbsp; $18080000 | &nbsp;&nbsp; $14572485 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $32652485 |
| Derivative Financial Instruments<sup>(a)</sup>  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commodity Contracts | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1310585 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1310585 |

---

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

<sup>(a)</sup> Derivative financial instruments are swaps. Swaps 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 |

---

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

------

## 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 Commodity Curve Carry Strategy ETF

- **b. EDGAR series identifier (if any):** S000064843

- **c. LEI of Series:** 549300JIZIQP555KVM26

**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? **Yes**

### Fund Information

**Total Assets:** $34393116.27

**Total Liabilities:** $1533697.24

**Net Assets:** $32859419.03

**Amount of Assets Invested in Other Investment Companies:** $7684257.41

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 353.29000000 | **1-Year:** 82.35000000 | **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 C000209927 | 1.15%                | 3.39%                | 4.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-2038.19                                  |
| Month 2  | $0.00                    | $1981.28                                   |
| Month 3  | $-1900.73                | $503.32                                    |

**Designated Index Information**

- **Index Name:** ICE BofA Commodity Enhanced Carry Total Return Index

- **Index Identifier:** MLCX3CRT

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Landesbank Baden-Wuerttemberg/New York NY                | Landesbank Baden-Wuerttemberg/New York NY                | CUSIP: 51501YD41<br>LEI: B81CK4ESI35472RHJ606 | Long             | STIV             | CORP              | DE        |    330000 | PA      | $330005.87    | 1.00%             | 2025-08-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                                 | Svenska Handelsbanken/New York NY                        | CUSIP: 86959TLF1<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |    300000 | PA      | $300039.21    | 0.91%             | 2026-02-20      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                         | Duke Energy Corp                                         | CUSIP: 26244HVB6<br>LEI: I1BZKREC126H0VB1BL91 | Long             | STIV             | CORP              | US        |    360000 | PA      | $359503.34    | 1.09%             | 2025-08-11      | 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        |    270000 | PA      | $270078.35    | 0.82%             | 2025-11-25      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SWEDBANK                                                 | Swedbank AB                                              | CUSIP: 87020YCZ9<br>LEI: M312WZV08Y7LYUC71685 | Long             | STIV             | CORP              | SE        |    260000 | PA      | $260076.26    | 0.79%             | 2025-10-01      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| First Abu Dhabi Bank USA NV                              | First Abu Dhabi Bank USA NV                              | CUSIP: 31851XUX8<br>LEI: N/A                  | Long             | STIV             | CORP              | CW        |    420000 | PA      | $420053.63    | 1.28%             | 2025-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                              | Nutrien Ltd                                              | CUSIP: 67077UV56<br>LEI: 5493002QQ7GD21OWF963 | Long             | STIV             | CORP              | CA        |    250000 | PA      | $249840.83    | 0.76%             | 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        |    250000 | PA      | $250135.95    | 0.76%             | 2026-06-04      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| MUFG BANK LTD/NY                                         | MUFG Bank Ltd/New York NY                                | CUSIP: 55381BFD5<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | JP        |    340000 | PA      | $340056.81    | 1.03%             | 2025-11-26      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| OVERSEA-CHINESE BANKING                                  | Oversea-Chinese Banking Corp Ltd                         | CUSIP: 69034CRW0<br>LEI: 5493007O3QFXCPOGWK22 | Long             | STIV             | CORP              | SG        |    290000 | PA      | $290016.82    | 0.88%             | 2025-09-18      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                  | National Bank of Canada                                  | CUSIP: 63307NNV5<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        |    340000 | PA      | $340015.82    | 1.03%             | 2026-03-20      | Floating      | 4.68%                 | 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        |    330000 | PA      | $330174.31    | 1.00%             | 2026-02-02      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| HSBC USA Inc                                             | HSBC USA Inc                                             | CUSIP: 40434RF98<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |    250000 | PA      | $240524.23    | 0.73%             | 2026-06-09      | 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        |    340000 | PA      | $340003.33    | 1.03%             | 2025-09-25      | Fixed         | 4.46%                 | 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        |    260000 | PA      | $259838.54    | 0.79%             | 2025-10-02      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Jackson National Life Short Term Funding LLC             | Jackson National Life Short Term Funding LLC             | CUSIP: 46850BVK2<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    250000 | PA      | $249422.03    | 0.76%             | 2025-08-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BK                                     | CANADIAN IMPERIAL BK                                     | CUSIP: 13606DEQ1<br>LEI: N/A                  | Long             | STIV             | CORP              | CA        |    250000 | PA      | $249968.08    | 0.76%             | 2026-01-23      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALI BANK L                                 | National Australia Bank Ltd                              | CUSIP: 63254GV28<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | STIV             | CORP              | AU        |    320000 | PA      | $319993.76    | 0.97%             | 2026-03-17      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA HOUS                                 | Bank of Nova Scotia/Houston                              | CUSIP: 06418NGW6<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | STIV             | CORP              | CA        |    330000 | PA      | $330114.15    | 1.00%             | 2026-03-18      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                                 | Svenska Handelsbanken/New York NY                        | CUSIP: 86959TKL9<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |    260000 | PA      | $260127.66    | 0.79%             | 2026-01-13      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| BofA Securities Inc                                      | BofA Securities Inc                                      | CUSIP: 06054NYJ4<br>LEI: 549300HN4UKV1E2R3U73 | Long             | STIV             | CORP              | US        |    280000 | PA      | $276224.14    | 0.84%             | 2025-11-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA NY                                  | Royal Bank of Canada/New York NY                         | CUSIP: 78015JE45<br>LEI: 549300HXQQQCCUBS2Z23 | Long             | STIV             | CORP              | CA        |    250000 | PA      | $250050.53    | 0.76%             | 2026-04-07      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| Pure Grove Funding                                       | Pure Grove Funding                                       | CUSIP: 74625TYJ9<br>LEI: 5493001D6K5CFMBUWV36 | Long             | STIV             | CORP              | US        |    330000 | PA      | $325556.62    | 0.99%             | 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        |    270000 | PA      | $269967.44    | 0.82%             | 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        |   1000000 | PA      | $999520.37    | 3.04%             | 2025-08-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank/New York                         | Standard Chartered Bank/New York                         | CUSIP: 85325VQP8<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | US        |    250000 | PA      | $250030.75    | 0.76%             | 2026-02-11      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp                             | Sumitomo Mitsui Banking Corp                             | CUSIP: 86565GPQ7<br>LEI: 5U0XI89JRFVHWIBS4F54 | Long             | STIV             | CORP              | JP        |    320000 | PA      | $319919.30    | 0.97%             | 2026-03-04      | Fixed         | 4.43%                 | 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        |    250000 | PA      | $250148.35    | 0.76%             | 2026-02-09      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International                              | TRSWAP: MLCX3CRT INDEX                                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              |  | US        |    928232 | OU      | $-16187.12    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Montreal/Chicago IL                              | Bank of Montreal/Chicago IL                              | CUSIP: 06367DNT8<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |    250000 | PA      | $249938.18    | 0.76%             | 2026-01-13      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Concord Minutemen Capital Co LLC                         | Concord Minutemen Capital Co LLC                         | CUSIP: 2063CPZ83<br>LEI: 549300B4YYZ4SNU1JB49 | Long             | STIV             | CORP              | US        |    320000 | PA      | $314942.53    | 0.96%             | 2025-12-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ING (US) FUNDING LLC                                     | ING US Funding LLC                                       | CUSIP: 44988KLJ6<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | STIV             | CORP              | US        |    340000 | PA      | $340068.27    | 1.03%             | 2025-10-03      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| MERRILL LYNCH INTERNATIONAL                              | TRSWAP: MLCX3CRT INDEX                                   | CUSIP: 000000000<br>LEI: GGDZP1UYGU9STUHRDP48 | N/A              | DCO              |  | US        |  17748225 | OU      | $-10407.26    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK NA                                              | TRSWAP: MLCX3CRT INDEX                                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DCO              |  | US        |  12928264 | OU      | $-4008.07     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Banking Corp                             | Sumitomo Mitsui Banking Corp                             | CUSIP: 86565GQJ2<br>LEI: 5U0XI89JRFVHWIBS4F54 | Long             | STIV             | CORP              | JP        |    310000 | PA      | $309961.10    | 0.94%             | 2026-03-10      | Fixed         | 4.45%                 | 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        |  18080000 | NS      | $18080000.00  | 55.02%            |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                                  | E.ON SE                                                  | CUSIP: 26877JV42<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | STIV             | CORP              | DE        |    500000 | PA      | $499747.70    | 1.52%             | 2025-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP NEW YORK                                 | Nordea Bank Abp/New York NY                              | CUSIP: 65558WLD8<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | FI        |    290000 | PA      | $290035.38    | 0.88%             | 2026-03-17      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP NEW YORK                                 | Nordea Bank Abp/New York NY                              | CUSIP: 65558WHD3<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | FI        |    340000 | PA      | $340081.70    | 1.03%             | 2025-12-17      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Bayerische Landesbank/New York                           | Bayerische Landesbank/New York                           | CUSIP: 0727MDEG6<br>LEI: 549300DJ6F1V4GISFC11 | Long             | STIV             | CORP              | DE        |    400000 | PA      | $400005.68    | 1.22%             | 2025-08-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mizuho Bank Ltd/New York NY                              | Mizuho Bank Ltd/New York NY                              | CUSIP: 60710TC74<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | US        |    250000 | PA      | $250036.50    | 0.76%             | 2026-02-12      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BARTON CAPITAL SA                                        | Barton Capital SA                                        | CUSIP: 06945PF20<br>LEI: 549300KOFKIMD0C37W24 | Long             | STIV             | CORP              | US        |    310000 | PA      | $310028.15    | 0.94%             | 2025-08-29      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS NEW YORK                                     | BNP Paribas SA/New York NY                               | CUSIP: 05593DEY5<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | STIV             | CORP              | FR        |    340000 | PA      | $340082.01    | 1.03%             | 2025-11-20      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC                                 | JP Morgan Securities LLC                                 | CUSIP: 46656HEG3<br>LEI: ZBUT11V806EZRVTWT807 | Long             | STIV             | CORP              | US        |    270000 | PA      | $270148.58    | 0.82%             | 2025-11-04      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD                                 | United Overseas Bank Ltd                                 | CUSIP: 91127RGT8<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | STIV             | CORP              | SG        |    340000 | PA      | $340031.31    | 1.03%             | 2025-09-17      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd                                       | Macquarie Bank Ltd                                       | CUSIP: 55607KYK6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |    260000 | PA      | $256438.18    | 0.78%             | 2025-11-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                                 | Citigroup Global Markets Inc                             | CUSIP: 1730QPBV8<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | STIV             | CORP              | US        |    250000 | PA      | $250047.40    | 0.76%             | 2026-03-20      | Floating      | 4.69%                 | 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        |    270000 | PA      | $269950.19    | 0.82%             | 2025-11-07      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp Ltd/New York                | Oversea-Chinese Banking Corp Ltd/New York                | CUSIP: 69033NGQ2<br>LEI: 5493007O3QFXCPOGWK22 | Long             | STIV             | CORP              | US        |    300000 | PA      | $300002.01    | 0.91%             | 2025-08-08      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                                  | Australia & New Zealand Banking Group Ltd                | CUSIP: 05253MXT6<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | STIV             | CORP              | AU        |    300000 | PA      | $300081.12    | 0.91%             | 2025-11-17      | Floating      | 4.65%                 | 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        |    250000 | PA      | $249977.03    | 0.76%             | 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