0001752724-21-217560.txt : 20211014
0001752724-21-217560.hdr.sgml : 20211014
20211014104649
ACCESSION NUMBER: 0001752724-21-217560
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20210731
FILED AS OF DATE: 20211014
DATE AS OF CHANGE: 20211014
EFFECTIVENESS DATE: 20211014
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: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-22649
FILM NUMBER: 211322718
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
0001524513
S000061254
iShares Evolved U.S. Consumer Staples ETF
C000198374
iShares Evolved U.S. Consumer Staples ETF
IECS
0001524513
S000061255
iShares Evolved U.S. Discretionary Spending ETF
C000198375
iShares Evolved U.S. Discretionary Spending ETF
IEDI
0001524513
S000061256
iShares Evolved U.S. Financials ETF
C000198376
iShares Evolved U.S. Financials ETF
IEFN
0001524513
S000061257
iShares Evolved U.S. Healthcare Staples ETF
C000198377
iShares Evolved U.S. Healthcare Staples ETF
IEHS
0001524513
S000061258
iShares Evolved U.S. Innovative Healthcare ETF
C000198378
iShares Evolved U.S. Innovative Healthcare ETF
IEIH
0001524513
S000061259
iShares Evolved U.S. Media and Entertainment ETF
C000198379
iShares Evolved U.S. Media and Entertainment ETF
IEME
0001524513
S000061260
iShares Evolved U.S. Technology ETF
C000198380
iShares Evolved U.S. Technology ETF
IETC
N-CEN
1
primary_doc.xml
X0404
N-CEN
LIVE
0001524513
XXXXXXXX
811-22649
false
false
false
N-1A
S000061258
C000198378
S000061259
C000198379
S000061257
C000198377
S000061255
C000198375
S000061260
C000198380
S000061256
C000198376
S000061254
C000198374
iShares U.S. ETF Trust
811-22649
0001524513
5493002YECWEEITPWL97
400 HOWARD STREET
SAN FRANCISCO
94105
US-CA
US
800-474-2737
State Street Bank and Trust Company
1 Lincoln Street
Boston
02111
617-786-3000
Records related to its functions as administrator, accounting agent, transfer agent and custodian
BlackRock Investments, LLC
40 East 52nd St
New York
10022
609-282-3046
Records related to its functions as distributor
BlackRock Fund Advisors
400 Howard Street
San Francisco
94105
415-670-2000
Records related to its functions as advisor
N
N
N-1A
19
Y
John E. Kerrigan
N/A
N
Richard L. Fagnani
N/A
N
Robert S. Kapito
N/A
Y
Drew E. Lawton
001173631
N
John E. Martinez
N/A
N
Salim Ramji
004797124
Y
Madhav V. Rajan
N/A
N
Jane D. Carlin
001279982
N
Cecilia H. Herbert
N/A
N
Charles Park
N/A
55 East 52nd Street
New York
10055
XXXXXX
N
N
N
N
N
N
BlackRock Investments, LLC
8-48436
000038642
54930061FBHCKXL2G714
Y
N
PricewaterhouseCoopers LLP
238
5493002GVO7EO8RNNS37
N
N
N
2021-05-03
Implementation of systematic fair value
Other
Equity-common, Equity-preferred, Derivative-equity
International equities, Index futures and listed and OTC options
US GAAP (ASC 820)
N
N
iShares Evolved U.S. Innovative Healthcare ETF
S000061258
549300IE2Z1RQI7SRU85
N
0
0
0
Exchange-Traded Fund
Y
N
Y
N
N
BlackRock Institutional Trust Company, National Association
549300RK1FB0VMTPD087
Y
N
Cash collateral reinvestment fee
Other
Revenue sharing split
Rebates paid to borrowers
882046.00000000
9138.00000000
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 32a-4 (17 CFR 270.32a-4)
Rule 17a-7 (17 CFR 270.17a-7)
Rule 6c-11 (17 CFR 270.6c-11)
N
N
N
N
BlackRock Fund Advisors
801-22609
000105247
549300YOOGP0Y1M95C20
N
State Street Bank and Trust Company
85-05003
571474TGEMMWANRLN572
N
N
N
ICE Data Services, Inc.
13-3668779
Tax ID
N
Refinitiv US Holdings Inc.
549300NF240HXJO7N016
N
IHS Markit Ltd.
549300HLPTRASHS0E726
GB
N
Bloomberg L.P.
549300B56MD0ZC402L06
N
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
N
BlackRock Investments, LLC
8-48436
000038642
54930061FBHCKXL2G714
0.00000000
BlackRock Execution Services
8-48719
000039438
549300HFCRQ0NT5KY652
0.00000000
BofA Securities, Inc.
8-69787
000283942
549300HN4UKV1E2R3U73
5.22000000
National Financial Services LLC
8-26740
000013041
549300JRHF1MHHWUAW04
23.53000000
UBS Securities LLC
8-22651
000007654
T6FIZBDPKLYJKFCRVK44
53.15000000
Goldman Sachs & Co. LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
26.65000000
Morgan Stanley & Co. LLC
8-15869
000008209
9R7GPTSO7KV3UQJZQ078
5.38000000
113.93000000
BlackRock Funds III - BlackRock Cash Funds: Treasury
N/A
N/A
5493005PQV5UQG4OSI49
3290000.00000000
National Securities Clearing Corporation
8-164
000007569
549300RYC9NELN2ICA34
12603225.24000000
16881376.64000000
N
31594683.84538461
N
N
N
iShares Evolved U.S. Media and Entertainment ETF
S000061259
549300JUXJVGXD9YF744
N
0
0
0
Exchange-Traded Fund
Y
N
Y
N
N
BlackRock Institutional Trust Company, National Association
549300RK1FB0VMTPD087
Y
N
Cash collateral reinvestment fee
Other
Revenue sharing split
Rebates paid to borrowers
313333.00000000
1865.00000000
Rule 6c-11 (17 CFR 270.6c-11)
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 32a-4 (17 CFR 270.32a-4)
N
N
N
N
BlackRock Fund Advisors
801-22609
000105247
549300YOOGP0Y1M95C20
N
State Street Bank and Trust Company
85-05003
571474TGEMMWANRLN572
N
N
N
IHS Markit Ltd.
549300HLPTRASHS0E726
GB
N
Bloomberg L.P.
549300B56MD0ZC402L06
N
Refinitiv US Holdings Inc.
549300NF240HXJO7N016
N
ICE Data Services, Inc.
13-3668779
Tax ID
N
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
N
BlackRock Execution Services
8-48719
000039438
549300HFCRQ0NT5KY652
0.00000000
BlackRock Investments, LLC
8-48436
000038642
54930061FBHCKXL2G714
0.00000000
BofA Securities, Inc.
8-69787
000283942
549300HN4UKV1E2R3U73
2.59000000
Goldman Sachs & Co. LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
34.16000000
Morgan Stanley & Co. LLC
8-15869
000008209
9R7GPTSO7KV3UQJZQ078
17.97000000
54.72000000
National Securities Clearing Corporation
8-164
000007569
549300RYC9NELN2ICA34
15810185.25000000
BlackRock Funds III - BlackRock Cash Funds: Treasury
N/A
N/A
5493005PQV5UQG4OSI49
540000.00000000
16350185.25000000
N
15183005.62769230
N
N
N
iShares Evolved U.S. Healthcare Staples ETF
S000061257
549300RWBV35EMZVVR53
N
0
0
0
Exchange-Traded Fund
Y
N
Y
N
N
BlackRock Institutional Trust Company, National Association
549300RK1FB0VMTPD087
Y
N
Revenue sharing split
Other
Cash collateral reinvestment fee
Rebates paid to borrowers
164877.00000000
288.00000000
Rule 17a-7 (17 CFR 270.17a-7)
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 32a-4 (17 CFR 270.32a-4)
Rule 6c-11 (17 CFR 270.6c-11)
N
N
N
N
BlackRock Fund Advisors
801-22609
000105247
549300YOOGP0Y1M95C20
N
State Street Bank and Trust Company
85-05003
571474TGEMMWANRLN572
N
N
N
IHS Markit Ltd.
549300HLPTRASHS0E726
GB
N
Refinitiv US Holdings Inc.
549300NF240HXJO7N016
N
Bloomberg L.P.
549300B56MD0ZC402L06
N
ICE Data Services, Inc.
13-3668779
Tax ID
N
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
N
BlackRock Investments, LLC
8-48436
000038642
54930061FBHCKXL2G714
0.00000000
BlackRock Execution Services
8-48719
000039438
549300HFCRQ0NT5KY652
0.00000000
Goldman Sachs & Co. LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
29.56000000
UBS Securities LLC
8-22651
000007654
T6FIZBDPKLYJKFCRVK44
6.68000000
Morgan Stanley & Co. LLC
8-15869
000008209
9R7GPTSO7KV3UQJZQ078
3.82000000
40.06000000
BlackRock Funds III - BlackRock Cash Funds: Treasury
N/A
N/A
5493005PQV5UQG4OSI49
1860000.00000000
National Securities Clearing Corporation
8-164
000007569
549300RYC9NELN2ICA34
17006941.54000000
Goldman Sachs & Co. LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
314.07000000
18918117.61000000
N
22855723.45384615
N
N
N
iShares Evolved U.S. Discretionary Spending ETF
S000061255
549300B0GKMUGVBURG41
N
0
0
0
Exchange-Traded Fund
Y
N
Y
N
N
BlackRock Institutional Trust Company, National Association
549300RK1FB0VMTPD087
Y
N
Other
Revenue sharing split
Cash collateral reinvestment fee
Rebates paid to borrowers
146071.00000000
319.00000000
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 6c-11 (17 CFR 270.6c-11)
Rule 32a-4 (17 CFR 270.32a-4)
Rule 17a-7 (17 CFR 270.17a-7)
N
N
N
N
BlackRock Fund Advisors
801-22609
000105247
549300YOOGP0Y1M95C20
N
State Street Bank and Trust Company
85-05003
571474TGEMMWANRLN572
N
N
N
Refinitiv US Holdings Inc.
549300NF240HXJO7N016
N
ICE Data Services, Inc.
13-3668779
Tax ID
N
IHS Markit Ltd.
549300HLPTRASHS0E726
GB
N
Bloomberg L.P.
549300B56MD0ZC402L06
N
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
N
BlackRock Investments, LLC
8-48436
000038642
54930061FBHCKXL2G714
0.00000000
BlackRock Execution Services
8-48719
000039438
549300HFCRQ0NT5KY652
0.00000000
Goldman Sachs & Co. LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
27.52000000
Morgan Stanley & Co. LLC
8-15869
000008209
9R7GPTSO7KV3UQJZQ078
2.72000000
UBS Securities LLC
8-22651
000007654
T6FIZBDPKLYJKFCRVK44
16.65000000
Barclays Capital Inc.
8-41342
000019714
AC28XWWI3WIBK2824319
3.63000000
BofA Securities, Inc.
8-69787
000283942
549300HN4UKV1E2R3U73
0.14000000
50.66000000
National Securities Clearing Corporation
8-164
000007569
549300RYC9NELN2ICA34
13357041.73000000
BlackRock Funds III - BlackRock Cash Funds: Treasury
N/A
N/A
5493005PQV5UQG4OSI49
920000.00000000
14354384.73000000
N
21507475.39000000
N
N
N
iShares Evolved U.S. Technology ETF
S000061260
549300VNXTDKS0Z0DT31
N
0
0
0
Exchange-Traded Fund
Y
N
Y
N
N
BlackRock Institutional Trust Company, National Association
549300RK1FB0VMTPD087
Y
N
Other
Revenue sharing split
Cash collateral reinvestment fee
Rebates paid to borrowers
236407.00000000
780.00000000
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 17a-7 (17 CFR 270.17a-7)
Rule 32a-4 (17 CFR 270.32a-4)
Rule 6c-11 (17 CFR 270.6c-11)
N
N
N
N
BlackRock Fund Advisors
801-22609
000105247
549300YOOGP0Y1M95C20
N
State Street Bank and Trust Company
85-05003
571474TGEMMWANRLN572
N
N
N
ICE Data Services, Inc.
13-3668779
Tax ID
N
Refinitiv US Holdings Inc.
549300NF240HXJO7N016
N
Bloomberg L.P.
549300B56MD0ZC402L06
N
IHS Markit Ltd.
549300HLPTRASHS0E726
GB
N
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
N
BlackRock Execution Services
8-48719
000039438
549300HFCRQ0NT5KY652
0.00000000
BlackRock Investments, LLC
8-48436
000038642
54930061FBHCKXL2G714
0.00000000
Citigroup Global Markets Inc.
8-8177
000007059
MBNUM2BPBDO7JBLYG310
9.52000000
Credit Suisse Securities (USA) LLC
8-422
000000816
1V8Y6QCX6YMJ2OELII46
10.85000000
BofA Securities, Inc.
8-69787
000283942
549300HN4UKV1E2R3U73
64.13000000
Morgan Stanley & Co. LLC
8-15869
000008209
9R7GPTSO7KV3UQJZQ078
7.58000000
Goldman Sachs & Co. LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
38.04000000
UBS Securities LLC
8-22651
000007654
T6FIZBDPKLYJKFCRVK44
42.97000000
173.09000000
National Securities Clearing Corporation
8-164
000007569
549300RYC9NELN2ICA34
60365824.56000000
BlackRock Funds III - BlackRock Cash Funds: Treasury
N/A
N/A
5493005PQV5UQG4OSI49
5950000.00000000
66315824.56000000
N
101016952.62461538
N
N
N
iShares Evolved U.S. Financials ETF
S000061256
549300HHNHIYNCJBYR17
N
0
0
0
Exchange-Traded Fund
N
N
Y
N
N
BlackRock Institutional Trust Company, National Association
549300RK1FB0VMTPD087
Y
N
Revenue sharing split
Cash collateral reinvestment fee
Other
Rebates paid to borrowers
12348.00000000
31.00000000
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 6c-11 (17 CFR 270.6c-11)
Rule 32a-4 (17 CFR 270.32a-4)
N
N
N
N
BlackRock Fund Advisors
801-22609
000105247
549300YOOGP0Y1M95C20
N
State Street Bank and Trust Company
85-05003
571474TGEMMWANRLN572
N
N
N
ICE Data Services, Inc.
13-3668779
Tax ID
N
Refinitiv US Holdings Inc.
549300NF240HXJO7N016
N
IHS Markit Ltd.
549300HLPTRASHS0E726
GB
N
Bloomberg L.P.
549300B56MD0ZC402L06
N
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
N
BlackRock Execution Services
8-48719
000039438
549300HFCRQ0NT5KY652
0.00000000
BlackRock Investments, LLC
8-48436
000038642
54930061FBHCKXL2G714
0.00000000
Morgan Stanley & Co. LLC
8-15869
000008209
9R7GPTSO7KV3UQJZQ078
2.23000000
Goldman Sachs & Co. LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
8.41000000
10.64000000
Goldman Sachs & Co. LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
4816.88000000
BlackRock Funds III - BlackRock Cash Funds: Treasury
N/A
N/A
5493005PQV5UQG4OSI49
230000.00000000
234816.88000000
N
5237739.13384615
N
N
N
iShares Evolved U.S. Consumer Staples ETF
S000061254
5493001UOGQGJA2REX16
N
0
0
0
Exchange-Traded Fund
Y
N
Y
N
N
BlackRock Institutional Trust Company, National Association
549300RK1FB0VMTPD087
Y
N
Cash collateral reinvestment fee
Other
Revenue sharing split
Rebates paid to borrowers
110958.00000000
929.00000000
Rule 32a-4 (17 CFR 270.32a-4)
Rule 17a-7 (17 CFR 270.17a-7)
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 6c-11 (17 CFR 270.6c-11)
N
N
N
N
BlackRock Fund Advisors
801-22609
000105247
549300YOOGP0Y1M95C20
N
State Street Bank and Trust Company
85-05003
571474TGEMMWANRLN572
N
N
N
Bloomberg L.P.
549300B56MD0ZC402L06
N
Refinitiv US Holdings Inc.
549300NF240HXJO7N016
N
IHS Markit Ltd.
549300HLPTRASHS0E726
GB
N
ICE Data Services, Inc.
13-3668779
Tax ID
N
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
State Street Bank and Trust Company
571474TGEMMWANRLN572
N
N
N
BlackRock Execution Services
8-48719
000039438
549300HFCRQ0NT5KY652
0.00000000
BlackRock Investments, LLC
8-48436
000038642
54930061FBHCKXL2G714
0.00000000
UBS Securities LLC
8-22651
000007654
T6FIZBDPKLYJKFCRVK44
33.55000000
Goldman Sachs & Co. LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
27.02000000
Morgan Stanley & Co. LLC
8-15869
000008209
9R7GPTSO7KV3UQJZQ078
11.33000000
71.90000000
Goldman Sachs & Co. LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
448.75000000
National Securities Clearing Corporation
8-164
000007569
549300RYC9NELN2ICA34
23635777.22000000
BlackRock Funds III - BlackRock Cash Funds: Treasury
N/A
N/A
5493005PQV5UQG4OSI49
1446000.00000000
25159118.97000000
N
16125106.65461538
N
N
N
iShares Evolved U.S. Innovative Healthcare ETF
S000061258
N
50000.00000000
1.19750000
1.19563193
98.80250000
1.19563193
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
1012.50000000
0.00000000
0.00000000
1012.50000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
N
iShares Evolved U.S. Media and Entertainment ETF
S000061259
Y
50000.00000000
0.75000000
0.38262252
99.25000000
0.38262252
0.88000000
0.50239426
99.12000000
0.50239426
0.00000000
300.00000000
0.00000000
0.00000000
300.00000000
0.00000000
0.00000000
300.00000000
0.00000000
0.00000000
300.00000000
0.00000000
N
iShares Evolved U.S. Healthcare Staples ETF
S000061257
N
50000.00000000
4.68500000
0.58882449
95.31500000
0.58882449
3.28000000
0.00000000
96.72000000
0.00000000
0.00000000
675.00000000
0.00000000
0.00000000
675.00000000
0.00000000
0.00000000
675.00000000
0.00000000
0.00000000
675.00000000
0.00000000
N
iShares Evolved U.S. Discretionary Spending ETF
S000061255
N
50000.00000000
1.47000000
0.28284271
98.53000000
0.28284271
2.17000000
0.02828427
97.83000000
0.02828427
0.00000000
1150.00000000
0.00000000
0.00000000
1150.00000000
0.00000000
0.00000000
1150.00000000
0.00000000
0.00000000
1150.00000000
0.00000000
N
iShares Evolved U.S. Technology ETF
S000061260
Y
50000.00000000
1.16000000
0.54094824
98.84000000
0.54094824
1.04666666
0.70550218
98.95333333
0.70550218
0.00000000
1500.00000000
0.00000000
0.00000000
1500.00000000
0.00000000
0.00000000
1500.00000000
0.00000000
0.00000000
1500.00000000
0.00000000
N
iShares Evolved U.S. Financials ETF
S000061256
N
50000.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
N
iShares Evolved U.S. Consumer Staples ETF
S000061254
N
50000.00000000
0.80000000
0.01414213
99.20000000
0.01414213
1.58000000
0.00000000
98.42000000
0.00000000
0.00000000
400.00000000
0.00000000
0.00000000
400.00000000
0.00000000
0.00000000
400.00000000
0.00000000
0.00000000
400.00000000
0.00000000
N
true
INTERNAL CONTROL RPT
2
NCEN_811-22649_2197494397.txt
Report of Independent Registered Public Accounting
Firm
To the Board of Trustees of iShares U.S. ETF Trust and
Shareholders of iShares Evolved U.S. Consumer Staples
ETF, iShares Evolved U.S. Discretionary Spending ETF,
iShares Evolved U.S. Financials ETF, iShares Evolved U.S.
Healthcare Staples ETF, iShares Evolved U.S. Innovative
Healthcare ETF, iShares Evolved U.S. Media and
Entertainment ETF and iShares Evolved U.S. Technology
ETF
In planning and performing our audits of the financial
statements of the funds listed in Appendix A, (hereafter
referred to as the "Funds") as of and for the year ended July
31, 2021, in accordance with the standards of the Public
Company Accounting Oversight Board (United States)
(PCAOB), we considered the Funds' internal control over
financial reporting, including controls over safeguarding
securities, as a basis for designing our auditing procedures
for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-
CEN, but not for the purpose of expressing an opinion on
the effectiveness of the Funds' internal control over financial
reporting. Accordingly, we do not express an opinion on the
effectiveness of the Funds' internal control over financial
reporting.
The management of the Funds is responsible for
establishing and maintaining effective internal control over
financial reporting. In fulfilling this responsibility, estimates
and judgments by management are required to assess the
expected benefits and related costs of controls. A
company's internal control over financial reporting is a
process designed to provide reasonable assurance
regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in
accordance with generally accepted accounting principles.
A company's internal control over financial reporting
includes those policies and procedures that (1) pertain to
the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and
dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles,
and that receipts and expenditures of the company are
being made only in accordance with authorizations of
management and directors of the company; and (3) provide
reasonable assurance regarding prevention or timely
detection of unauthorized acquisition, use or disposition of a
company's assets that could have a material effect on the
financial statements.
Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may
deteriorate.
A deficiency in internal control over financial reporting exists
when the design or operation of a control does not allow
management or employees, in the normal course of
performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is a
deficiency, or a combination of deficiencies, in internal
control over financial reporting, such that there is a
reasonable possibility that a material misstatement of the
company's annual or interim financial statements will not be
prevented or detected on a timely basis.
Our consideration of the Funds' internal control over
financial reporting was for the limited purpose described in
the first paragraph and would not necessarily disclose all
deficiencies in internal control over financial reporting that
might be material weaknesses under standards established
by the PCAOB. However, we noted no deficiencies in the
Funds' internal control over financial reporting and its
operation,
including controls over safeguarding securities, that we
consider to be material weaknesses as defined above as of
July 31, 2021.
This report is intended solely for the information and use of
the Board of Trustees of iShares U.S. ETF Trust and the
Securities and Exchange Commission and is not intended
to be and should not be used by anyone other than these
specified parties.
/s/ PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
September 21, 2021 3
Appendix A
iShares U.S. ETF Trust
iShares Evolved U.S. Consumer Staples ETF
iShares Evolved U.S. Discretionary Spending ETF
iShares Evolved U.S. Financials ETF
iShares Evolved U.S. Healthcare Staples ETF
iShares Evolved U.S. Innovative Healthcare ETF
iShares Evolved U.S. Media and Entertainment ETF
iShares Evolved U.S. Technology ETF