Security	Par (000)		Value

Commercial Paper

Amcor Finance (USA) Inc., 0.17%, 02/08/22^(a)	$	1,000	$	999,963
Bank of Nova Scotia, 0.07%, 02/28/22^(a)		1,200		1,199,935
Barton Capital SA, 0.08%, 02/03/22^(a)		550		549,996
BASF SE, 0.20%, 03/28/22^(a)		1,000		999,690
Cancara Asset Securitization LLC, 0.18%, 02/23/22^(a)		1,300		1,299,919
Duke Energy Corp.
0.19%, 02/17/22^(a)		600		599,948
0.23%, 03/07/22^(a)		400		399,910
Enbridge (US) Inc., 0.38%, 02/25/22^(a)		1,000		999,733
Eversource Energy
0.13%, 02/08/22^(a)		500		499,986
0.13%, 02/09/22^(a)		500		499,984
Federation Des Caisses, 0.11%, 03/09/22^(a)		1,400		1,399,843
LMA Americas LLC, 0.31%, 04/21/22^(a)		400		399,757
Macquarie Bank Ltd.
0.08%, 02/08/22^(a)		1,000		999,982
0.12%, 02/28/22^(a)		300		299,973
Nationwide Building Soc, 0.11%, 02/22/22^(a)		500		499,966
Nutrien Ltd., 0.31%, 03/16/22^(a)(b)		1,025		1,024,608
Old Line Funding LLC, 0.20%, 03/28/22^(a)		1,100		1,099,646
Santander UK PLC, 0.22%, 04/11/22^(a)		1,000		999,566
Sherwin Williams Co., 0.18%, 02/08/22^(a)		1,000		999,960
Skandinaviska Enskilda Banken AB, 0.14%, 04/04/22^(a)		1,000		999,748
Spire Inc., 0.26%, 03/08/22^(a)		1,000		999,736
Stanley Works, 0.23%, 03/25/22^(a)		1,000		999,660
Swedbank AB, 0.14%, 04/04/22^(a)		1,000		999,755
Union Electric Co., 0.23%, 02/22/22^(a)		1,000		999,860
VW Credit Inc., 0.20%, 02/14/22^(a)		1,000		999,921
Total Commercial Paper — 64.9%
(Cost: $21,770,676)				21,771,045

Security	Par/ Shares (000)		Value

U.S. Treasury Obligations
U.S. Treasury Bill
0.03%, 02/03/22	$	305	$	304,999
0.03%, 03/10/22		2,150		2,149,928

Total U.S. Treasury Obligations — 7.3%
(Cost: $2,454,912)				2,454,927

Money Market Funds

BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%^(c)(d)		9,590		9,590,000

Total Money Market Funds — 28.6%
(Cost: $9,590,000)				9,590,000

Total Investments in Securities — 100.8%
(Cost: $33,815,588)				33,815,972

Other Assets, Less Liabilities — (0.8)%				(280,824	)

Net Assets — 100.0%			$	33,535,148

^(a)

Rates are discount rates or a range of discount rates as of period end.

^(b)

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

^(c)

Affiliate of the Fund.

^(d)

Annualized 7-day yield as of period end.

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

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 January 31, 2022.

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:

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 Global 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.

^(a)Derivative financial instruments are swaps. Swaps are valued at the unrealized appreciation (depreciation) on the instrument.

Consolidated Schedule of Investments (unaudited)	iShares^® Commodity Curve Carry Strategy ETF
January 31, 2022	(Percentages shown are based on Net Assets)

Affiliated Issuer		Value at 10/31/21				Purchases at Cost				Proceeds from Sales				Net Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)				Value at 01/31/22				Shares Held at 01/31/22 (000)			Income				Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Treasury, SL Agency Shares		$	7,190,000			$	2,400,000	^(a)		$	—			$	—			$	—			$	9,590,000			9,590			$	—			$	—

Futures contracts	Maturity date	Weight %
Brent Crude Oil	10/31/2022		26.9	%
Corn	12/14/2022		12.6
Aluminum	12/20/2022		10.4
Gas Oil	12/12/2022		10.2
Soybean	11/14/2022		9.0
WTI Crude Oil	11/21/2022		7.0
Copper	12/20/2022		6.3
Wheat	12/14/2022		6.2
Sugar	02/28/2023		3.6
Zinc	12/20/2022		3.0
Nickel	12/20/2022		2.8
Cattle	06/30/2022		2.1

	Level 1		Level 2		Level 3		Total
Investments
Assets
Commercial Paper	$	—	$	21,771,045	$	—	$	21,771,045
U.S. Treasury Obligations		—		2,454,927		—		2,454,927
Money Market Funds		9,590,000		—		—		9,590,000
	$	9,590,000	$	24,225,972	$	—	$	33,815,972
Derivative financial instruments^(a)
Assets
Swaps	$	—	$	5,287,876	$	—	$	5,287,876