{"annotation_id":"030dab34-332c-441d-8140-bc7c09699a49","file_hash":"64f0209cdd2dd2ebc59b8932564f71e26611fae97c16ebc8923be8238a75cad8","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"b1049e6f-48e8-4b4d-badf-c7d62adc304c","block_type":"box","text":"iShares U.S. ETF Trust","page_number":1,"box":{"x":418,"y":69,"width":167,"height":10}},{"id":"29d727f2-664b-47ee-9b96-351a38b40207","block_type":"box","text":"Supplement dated October 9, 2026","page_number":1,"box":{"x":372,"y":92,"width":260,"height":13}},{"id":"dd6e541e-a5af-41dc-a1ed-cd17899034cc","block_type":"box","text":"to the currently effective Summary Prospectus, Prospectus, and","page_number":1,"box":{"x":268,"y":108,"width":467,"height":13}},{"id":"cadaf300-1283-4a28-8854-604b5ffde72a","block_type":"box","text":"Statement of Additional Information (“SAI”) for the","page_number":1,"box":{"x":314,"y":123,"width":376,"height":13}},{"id":"a7e329a7-d7e8-40cf-85e0-c3f65045791b","block_type":"box","text":"iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) (the “Fund”)","page_number":1,"box":{"x":220,"y":139,"width":564,"height":13}},{"id":"a104650d-fa11-4e9c-a810-10930cdb1cac","block_type":"box","text":"The Board of Trustees has approved the following changes for the Fund that are expected to take effect","page_number":1,"box":{"x":116,"y":162,"width":756,"height":13}},{"id":"c3f64035-9b2a-4cb3-a8eb-1f81d57672ca","block_type":"box","text":"on or around December 11, 2026:","page_number":1,"box":{"x":116,"y":178,"width":250,"height":11}},{"id":"bdea26ad-b063-48d9-aa48-467305a7dcd9","block_type":"box","text":"Current New","page_number":1,"box":{"x":183,"y":199,"width":563,"height":9}},{"id":"7f5778fb-34ba-422c-86d5-e786e46c7dde","block_type":"box","text":"Fund Name","page_number":1,"box":{"x":141,"y":227,"width":89,"height":10}},{"id":"ee8f5029-1043-4244-9683-652a1995e52f","block_type":"box","text":"iShares Bloomberg Roll Select Commodity","page_number":1,"box":{"x":257,"y":219,"width":309,"height":13}},{"id":"353915a1-1937-4d3b-aecd-daf3f57b3e2f","block_type":"box","text":"Strategy ETF","page_number":1,"box":{"x":363,"y":235,"width":96,"height":12}},{"id":"62b22da6-b59e-43cb-afba-12bb8ad94a34","block_type":"box","text":"iShares Bloomberg Enhanced Roll Yield","page_number":1,"box":{"x":584,"y":219,"width":287,"height":13}},{"id":"ae2c07b4-da17-4af1-beae-2f1fbeb3f6d5","block_type":"box","text":"Commodity Strategy ETF","page_number":1,"box":{"x":643,"y":235,"width":186,"height":12}},{"id":"dd19aa33-9b35-4c59-9bfe-0c4e520e92b3","block_type":"box","text":"Underlying Index","page_number":1,"box":{"x":120,"y":266,"width":132,"height":12}},{"id":"d1fe10d5-e8f7-417a-b4f5-9686fb829234","block_type":"box","text":"Bloomberg Roll Select Commodity Total","page_number":1,"box":{"x":265,"y":258,"width":293,"height":12}},{"id":"4a3d93d0-deac-4954-9f6e-a421c7090dfb","block_type":"box","text":"Return Index","page_number":1,"box":{"x":363,"y":273,"width":96,"height":10}},{"id":"63f943bc-35ad-4398-83d0-eaf2e59ada47","block_type":"box","text":"Bloomberg Enhanced Roll Yield Total","page_number":1,"box":{"x":592,"y":258,"width":271,"height":12}},{"id":"8d9e8433-5355-4534-81fe-88ce920ab1c3","block_type":"box","text":"Return Index","page_number":1,"box":{"x":688,"y":273,"width":96,"height":10}},{"id":"a3a143e3-9cc8-4219-9777-127b2e02c617","block_type":"box","text":"Š","page_number":1,"box":{"x":116,"y":307,"width":9,"height":6}},{"id":"78154ea3-6cc9-45cc-94f8-1b4e714d5049","block_type":"box","text":"The Principal Investment Strategies section in the Fund’s Summary Prospectus and Prospectus are","page_number":1,"box":{"x":136,"y":304,"width":750,"height":13}},{"id":"b0ec0495-637a-40c6-ba18-5f78237189f7","block_type":"box","text":"deleted in their entirety and replaced with the following:","page_number":1,"box":{"x":137,"y":320,"width":426,"height":12}},{"id":"cf3a5d89-b86f-45aa-a242-c4596963c733","block_type":"box","text":"The Fund seeks to track the investment results of the Bloomberg Enhanced Roll Yield Total Return","page_number":1,"box":{"x":156,"y":343,"width":716,"height":13}},{"id":"42080cbe-47ca-43c3-9f6e-2aadedb91f8c","block_type":"box","text":"Index (the “Underlying Index”), which measures the performance of futures contracts across the","page_number":1,"box":{"x":158,"y":359,"width":703,"height":12}},{"id":"ca284d63-f332-48b0-b013-18e498b1bb76","block_type":"box","text":"following six physical commodity groups: energy, precious metals, industrial metals, grains and","page_number":1,"box":{"x":156,"y":374,"width":696,"height":13}},{"id":"05bbb3c1-19dc-407c-b80f-f70af90ef474","block_type":"box","text":"derived grains, softs, and livestock, as determined by Bloomberg Index Services Limited","page_number":1,"box":{"x":157,"y":390,"width":636,"height":12}},{"id":"ff61da5c-0581-4477-a0ef-3a16e63d8099","block_type":"box","text":"(“Bloomberg” or the “Index Provider”). The Underlying Index, which is rebalanced annually,","page_number":1,"box":{"x":157,"y":405,"width":665,"height":13}},{"id":"e4716888-6f2d-40d8-8f0d-abae00a3e309","block_type":"box","text":"provides broad-based exposure to commodities as an asset class by using liquidity factors and","page_number":1,"box":{"x":157,"y":421,"width":689,"height":12}},{"id":"13765d82-f539-43fb-a47d-f39935a411db","block_type":"box","text":"sector caps to avoid over-concentration in any single commodity or commodity sector.","page_number":1,"box":{"x":157,"y":436,"width":636,"height":13}},{"id":"63800450-cc34-4887-909f-9881e36d4d18","block_type":"box","text":"The Fund, through its Subsidiary (as defined below), invests in financial instruments providing","page_number":1,"box":{"x":156,"y":459,"width":686,"height":13}},{"id":"4bb0f021-1ad6-408d-a044-c4aacfbd5bac","block_type":"box","text":"exposure to commodities and not in the physical commodities themselves. In seeking to achieve its","page_number":1,"box":{"x":157,"y":475,"width":724,"height":12}},{"id":"e09d32ef-8179-41c2-9b97-a0c4bec4c988","block_type":"box","text":"investment objective, the Fund expects to obtain a substantial portion of its exposure to the","page_number":1,"box":{"x":157,"y":490,"width":668,"height":13}},{"id":"3ec31484-b1cb-4e71-afc6-0acfbff21f8a","block_type":"box","text":"investment results of the Underlying Index through total return swaps referencing the Underlying","page_number":1,"box":{"x":157,"y":506,"width":708,"height":12}},{"id":"4cf823c2-1cae-4d4f-8732-f51ac90f241f","block_type":"box","text":"Index and/or the commodity futures contracts represented in the Underlying Index. The Fund is","page_number":1,"box":{"x":158,"y":521,"width":698,"height":13}},{"id":"949595c0-e29b-4481-9caf-def9575e5e33","block_type":"box","text":"expected to enter into new total return swap contracts on an ongoing basis and replace expiring","page_number":1,"box":{"x":157,"y":537,"width":702,"height":12}},{"id":"90c4eb6c-206e-440b-8db3-716b823570e4","block_type":"box","text":"contracts as necessary to maintain exposure to the Underlying Index. Total return swaps","page_number":1,"box":{"x":157,"y":552,"width":646,"height":13}},{"id":"8d8419e6-6bc2-4e50-960e-57b608d33162","block_type":"box","text":"subsequently acquired by the Fund may have terms that differ from those previously held by the","page_number":1,"box":{"x":157,"y":568,"width":701,"height":12}},{"id":"7c72fdc2-ca8b-4f20-a867-118894cbf725","block_type":"box","text":"Fund. The Fund generally expects to pay a fixed payment rate and swap-related fees to each","page_number":1,"box":{"x":157,"y":583,"width":673,"height":13}},{"id":"3e5de172-d38f-468d-9dc3-d4d0419fc6f8","block_type":"box","text":"counterparty and receive the total return of the Underlying Index. Although the Underlying Index","page_number":1,"box":{"x":157,"y":599,"width":704,"height":13}},{"id":"2cf7c3e4-2b4c-4d77-91d6-36e66498c2ca","block_type":"box","text":"measures the performance of futures contracts, the Fund is not required to hold those futures","page_number":1,"box":{"x":157,"y":614,"width":685,"height":13}},{"id":"a19fe12e-d554-4fe8-b76a-c97aab2ebbc8","block_type":"box","text":"contracts directly in order to obtain its exposure to the Underlying Index.","page_number":1,"box":{"x":157,"y":630,"width":530,"height":13}},{"id":"ac4a7d96-ab97-48f9-a2c6-e0bccd9585b5","block_type":"box","text":"The Fund may also invest in swaps on commodity futures contracts and other commodity-linked","page_number":1,"box":{"x":156,"y":653,"width":709,"height":13}},{"id":"73f42c0f-bded-4875-bcb9-fc85fecd1f40","block_type":"box","text":"swaps, exchange-traded commodity futures contracts, options on futures contracts, forward","page_number":1,"box":{"x":157,"y":669,"width":673,"height":12}},{"id":"c0864cfb-3d5f-4f01-85dc-1e0850bd4e6c","block_type":"box","text":"contracts and other commodity-linked instruments that provide exposure to commodities","page_number":1,"box":{"x":157,"y":684,"width":653,"height":13}},{"id":"24f7bd5d-5071-4c3e-a4a2-8218d370bc54","block_type":"box","text":"represented in, or related to, the Underlying Index (collectively, “Commodity Investments”). The","page_number":1,"box":{"x":157,"y":700,"width":693,"height":12}},{"id":"5eefd551-93ad-4fc3-95eb-9066ff1d74a0","block_type":"box","text":"Fund invests in Commodity Investments solely through its Subsidiary. Investing in Commodity","page_number":1,"box":{"x":157,"y":715,"width":682,"height":13}},{"id":"2d3879b6-a5b8-40c5-9668-a6c25b1d180b","block_type":"box","text":"Investments may have a leveraging effect on the Fund.","page_number":1,"box":{"x":158,"y":731,"width":395,"height":12}},{"id":"30295d1c-d864-4f86-9716-248cce627512","block_type":"box","text":"The Fund also seeks to generate interest income and capital appreciation on the cash balances","page_number":1,"box":{"x":156,"y":754,"width":687,"height":13}},{"id":"dbcb3974-b0a5-4d1a-8a6a-2d9bbd59d275","block_type":"box","text":"arising from its investment in Commodity Investments through a cash management strategy","page_number":1,"box":{"x":157,"y":769,"width":673,"height":13}},{"id":"607cac8b-7dfb-4716-9ea0-3ff867582b78","block_type":"box","text":"consisting of investments in cash and cash equivalents, short term government obligations and","page_number":1,"box":{"x":157,"y":785,"width":691,"height":13}},{"id":"66fafd60-de41-4202-982c-97f74a32cd57","block_type":"box","text":"short-term investment grade fixed-income securities (collectively, “Fixed-Income Investments”).","page_number":1,"box":{"x":157,"y":800,"width":698,"height":13}},{"id":"1b2a9938-4080-4e48-a0e4-ea4d8e2d3772","block_type":"box","text":"The Fund invests in Fixed-Income Investments for investment purposes and to provide sufficient","page_number":1,"box":{"x":156,"y":816,"width":701,"height":13}},{"id":"ba04f9c9-6781-44dd-9fce-6fb79c8dc999","block_type":"box","text":"assets to account for (or “cover”) mark-to-market changes and to collateralize the Subsidiary’s","page_number":1,"box":{"x":157,"y":831,"width":692,"height":13}},{"id":"92048198-8bd3-4422-a18e-a678651e7a05","block_type":"box","text":"investments in derivatives on a day-to-day basis. As part of its cash management strategy, the Fund","page_number":1,"box":{"x":157,"y":847,"width":729,"height":13}},{"id":"ec715ba3-32b3-460f-a452-5d4e0ba63949","block_type":"box","text":"may also invest in repurchase agreements, money market instruments, U.S. government and","page_number":1,"box":{"x":157,"y":862,"width":676,"height":13}},{"id":"0dbe3352-098e-444a-bd06-bfb8e9367e93","block_type":"box","text":"agency securities, Treasury Inflation-Protected Securities, sovereign debt obligations of non-U.S.","page_number":1,"box":{"x":157,"y":878,"width":702,"height":13}},{"id":"74c8e1e0-33ef-4613-a89d-8dd378274ce5","block_type":"box","text":"countries and investment-grade corporate bonds.","page_number":1,"box":{"x":157,"y":893,"width":365,"height":13}},{"id":"866f6108-1196-4578-9237-6d966ba2110a","block_type":"box","text":"In order to maintain exposure to a futures contract on a particular commodity, an investor must sell","page_number":2,"box":{"x":158,"y":69,"width":726,"height":13}},{"id":"14b81033-fbbe-4cd0-8e1b-2a53d441f1c4","block_type":"box","text":"the position in the expiring contract and buy a new position in a contract with a later delivery","page_number":2,"box":{"x":156,"y":85,"width":679,"height":12}},{"id":"cdb43de3-99d5-442a-aa45-7974226dbe8a","block_type":"box","text":"month, which is referred to as “rolling.” The Underlying Index employs a multi-contract roll","page_number":2,"box":{"x":157,"y":100,"width":663,"height":13}},{"id":"97e23a45-1ca9-4161-acb1-7b8e23bc3ac3","block_type":"box","text":"schedule to spread risk across three to four futures contracts per commodity, e.g., three futures","page_number":2,"box":{"x":157,"y":116,"width":697,"height":12}},{"id":"33d64ad9-f5c4-4d2f-b7ae-c42dff80a8b6","block_type":"box","text":"contracts per precious metal commodity and four futures contracts per commodity in all other","page_number":2,"box":{"x":157,"y":131,"width":691,"height":13}},{"id":"71101c95-385e-4f74-95b4-13ecaf8970d3","block_type":"box","text":"commodity groups, with a roll period of ten business days. The Underlying Index rolls and","page_number":2,"box":{"x":157,"y":147,"width":654,"height":12}},{"id":"183abce2-c72e-40ec-a3a6-c9e4804ae863","block_type":"box","text":"rebalances these contracts monthly back to equal weightings on a price-percentage basis. If the","page_number":2,"box":{"x":157,"y":162,"width":699,"height":13}},{"id":"bc02336b-f8dd-4aff-91d5-7b66fd664cb3","block_type":"box","text":"price for the new futures contract is less than the price of the expiring contract, then the market for","page_number":2,"box":{"x":157,"y":178,"width":724,"height":12}},{"id":"ee2fcc37-fede-427f-9d28-7f823635ed71","block_type":"box","text":"the commodity is said to be in “backwardation.” In these markets, roll returns are positive, which is","page_number":2,"box":{"x":156,"y":193,"width":722,"height":13}},{"id":"33a958ff-58dd-48c6-80e9-cc01681072ed","block_type":"box","text":"referred to as “positive carry.” The term “contango” is used to describe a market in which the price","page_number":2,"box":{"x":157,"y":209,"width":720,"height":12}},{"id":"0aaffa37-ba6c-49bc-863c-143e8a979223","block_type":"box","text":"for a new futures contract is more than the price of the expiring contract. In these markets, roll","page_number":2,"box":{"x":156,"y":224,"width":692,"height":13}},{"id":"5b63ca7c-77b9-4830-b11d-0f6de1fddf03","block_type":"box","text":"returns are negative, which is referred to as “negative carry.” The Underlying Index seeks to employ","page_number":2,"box":{"x":157,"y":240,"width":724,"height":12}},{"id":"a0b7e362-208f-4538-a3b6-7f1142da2c7d","block_type":"box","text":"a positive carry strategy that emphasizes commodities and futures contract months with the","page_number":2,"box":{"x":157,"y":255,"width":676,"height":13}},{"id":"8194ae76-2766-45f9-81c2-0143a057ee0e","block_type":"box","text":"greatest degree of backwardation and lowest degree of contango, resulting in net gains through","page_number":2,"box":{"x":157,"y":271,"width":702,"height":12}},{"id":"c5706186-53dd-408b-8d15-88db6411c590","block_type":"box","text":"positive roll returns.","page_number":2,"box":{"x":157,"y":286,"width":147,"height":13}},{"id":"11987eb7-6404-4cb8-a99e-c3c7a1be1fb7","block_type":"box","text":"As of August 31, 2026, the Underlying Index had approximately 102 constituents, and a significant","page_number":2,"box":{"x":156,"y":309,"width":720,"height":13}},{"id":"96c4df30-e78f-4e9e-9721-69743b172a9d","block_type":"box","text":"portion of the Underlying Index was represented by the energy and agriculture commodity groups.","page_number":2,"box":{"x":157,"y":325,"width":719,"height":13}},{"id":"73638155-056e-4a2a-8ed6-72eabdf0327c","block_type":"box","text":"The components of the Underlying Index are likely to change over time.","page_number":2,"box":{"x":156,"y":340,"width":523,"height":13}},{"id":"891ba3bd-fe78-49a1-a894-3a163485d05a","block_type":"box","text":"The Fund gains exposure to Commodity Investments by investing through a wholly owned","page_number":2,"box":{"x":156,"y":364,"width":663,"height":12}},{"id":"4f241aaf-1e45-4611-bee9-0e87bfaa0ab5","block_type":"box","text":"subsidiary organized in the Cayman Islands (the “Subsidiary”). The Subsidiary is advised by BFA and","page_number":2,"box":{"x":157,"y":379,"width":727,"height":13}},{"id":"581e0911-a684-4414-8eaf-fa0915393144","block_type":"box","text":"has the same investment objective as the Fund. Unlike the Fund, the Subsidiary is not an investment","page_number":2,"box":{"x":157,"y":395,"width":729,"height":12}},{"id":"ad675c6d-3018-4e16-a37f-ffb7f798101d","block_type":"box","text":"company registered under the Investment Company Act of 1940, as amended (the “1940 Act”) and,","page_number":2,"box":{"x":157,"y":410,"width":730,"height":13}},{"id":"6c38f796-b6ef-4358-b004-0d1a6a7ed0d3","block_type":"box","text":"unless otherwise noted in this Prospectus, is not subject to the investor protections of the 1940 Act.","page_number":2,"box":{"x":157,"y":426,"width":728,"height":12}},{"id":"8f81154f-692b-4748-a5db-a1029f4542ec","block_type":"box","text":"The Subsidiary invests solely in Commodity Investments and cash and cash equivalents.","page_number":2,"box":{"x":156,"y":441,"width":643,"height":13}},{"id":"afc3ec1c-bcba-4ab4-9457-f0f7a8a5b4c6","block_type":"box","text":"In compliance with Subchapter M of the Internal Revenue Code of 1986, as amended (the “Internal","page_number":2,"box":{"x":158,"y":464,"width":721,"height":13}},{"id":"96200352-8918-4592-87eb-1b2df734d9d6","block_type":"box","text":"Revenue Code”), the Fund may invest up to 25% of its total assets in the Subsidiary. The Fund’s","page_number":2,"box":{"x":157,"y":480,"width":696,"height":13}},{"id":"3907db1e-2de6-4910-8002-63620550b04c","block_type":"box","text":"Commodity Investments held in the Subsidiary are intended to provide the Fund with exposure to","page_number":2,"box":{"x":157,"y":495,"width":711,"height":13}},{"id":"b5161d5e-d74f-4402-b727-b226c02d7b3b","block_type":"box","text":"broad commodities consistent with current U.S. federal income tax laws applicable to investment","page_number":2,"box":{"x":157,"y":511,"width":709,"height":13}},{"id":"2b1dfd3d-8ca7-43e9-bba7-8f2c5a2ba4a8","block_type":"box","text":"companies such as the Fund, which limit the ability of investment companies to invest directly in","page_number":2,"box":{"x":157,"y":526,"width":704,"height":13}},{"id":"39755674-fcf6-47f3-a853-7da108ce6c82","block_type":"box","text":"Commodity Investments.","page_number":2,"box":{"x":157,"y":542,"width":186,"height":13}},{"id":"93d654c3-5a45-40ec-a983-dd8cbbbe249c","block_type":"box","text":"BFA uses an indexing approach to try to achieve the Fund’s investment objective. The Fund does","page_number":2,"box":{"x":157,"y":565,"width":704,"height":13}},{"id":"2c6dee4e-f2d5-4c19-90cf-d067662e56c1","block_type":"box","text":"not try to “beat” the index it tracks and does not seek temporary defensive positions when markets","page_number":2,"box":{"x":157,"y":581,"width":723,"height":12}},{"id":"93668455-4e2f-428f-8394-887303a09cd9","block_type":"box","text":"decline or appear overvalued.","page_number":2,"box":{"x":157,"y":596,"width":217,"height":13}},{"id":"7abb6242-463e-4e1d-a82d-6226a0d55114","block_type":"box","text":"Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index","page_number":2,"box":{"x":158,"y":620,"width":726,"height":12}},{"id":"e39e6f87-3171-478e-ab49-edaee9536918","block_type":"box","text":"but also may reduce some of the risks of active management, such as poor selection of securities","page_number":2,"box":{"x":157,"y":635,"width":709,"height":13}},{"id":"20236c9b-f9c5-4636-b1fd-ad982079bc9f","block_type":"box","text":"and/or other instruments. Indexing seeks to achieve lower costs and better after-tax performance","page_number":2,"box":{"x":157,"y":651,"width":714,"height":12}},{"id":"ceb2419b-31e8-4366-b8c6-4ceb4fa36351","block_type":"box","text":"by aiming to keep portfolio turnover low in comparison to actively managed investment companies.","page_number":2,"box":{"x":157,"y":666,"width":724,"height":13}},{"id":"e026905c-59e9-4f0e-92b9-1f8e57d525d1","block_type":"box","text":"The Fund seeks to track the investment results of the Underlying Index before fees and expenses of","page_number":2,"box":{"x":156,"y":689,"width":721,"height":13}},{"id":"2ff4c829-32cf-4f9a-b3b1-112e85274e1e","block_type":"box","text":"the Fund. BFA uses a representative sampling indexing strategy to manage the Fund.","page_number":2,"box":{"x":156,"y":705,"width":615,"height":12}},{"id":"83411b48-982b-4a2b-a4f0-16281d8d7d97","block_type":"box","text":"“Representative sampling” is an indexing strategy that involves investing in a representative sample","page_number":2,"box":{"x":157,"y":720,"width":721,"height":13}},{"id":"d92e0bf5-e1fe-4f64-8ed0-f8059d18d652","block_type":"box","text":"of securities or other instruments intended to collectively have an investment profile similar to that","page_number":2,"box":{"x":157,"y":736,"width":715,"height":12}},{"id":"d6a20728-7762-4303-b7ef-12176a409927","block_type":"box","text":"of an applicable underlying index. 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The Fund may use derivatives to gain or reduce exposure","page_number":2,"box":{"x":156,"y":813,"width":716,"height":13}},{"id":"6e309272-f1d1-468e-ade2-e6aabb8ad684","block_type":"box","text":"to the components of the Underlying Index or exposure to one or more market risk factors","page_number":2,"box":{"x":156,"y":829,"width":660,"height":12}},{"id":"b1c63cf8-5fcb-4c82-93ef-a735c80e10ad","block_type":"box","text":"associated with such components. 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