iShares USD Systematic Bond ETF SEC Filings

iShares MSCI EAFE Min Vol Factor ETF (Series ID S000031837) filed its monthly Form NPORT-P for the period ended 30 Apr 2025.

The fund reported total assets of US$5.47 billion against liabilities of US$4.11 million, leaving net assets of US$5.46 billion; liabilities equal roughly 0.08 % of assets, indicating minimal leverage.

Cash and cash equivalents stood at US$13.95 million. No borrowings, preferred stock, delayed-delivery payables, or controlled foreign corporation assets were reported.

Performance: the ETF recorded three consecutive positive monthly total returns—+5.90 %, +2.82 %, and +3.78 % (Month 3, 2, and 1 respectively).

Derivatives: Equity and interest-rate futures generated mixed results: realized gains/losses ranged from -US$347 k to +US$278 k; unrealized swings were larger, from -US$875 k to +US$991 k.

No credit spread risk metrics were disclosed, and the filing does not indicate this is a final Form NPORT submission.

iShares Trust – iShares China Large-Cap ETF (symbol: USBF) filed its Form NPORT-P for the period ended 30 Apr 2025.

The Fund reported total assets of US$5.81 billion against total liabilities of US$57.76 million, leaving net assets of US$5.75 billion (liabilities < 1 % of assets). Cash and cash equivalents not elsewhere classified were US$15.95 million.

Performance: Monthly total returns for the last three months were 10.59 %, 1.58 %, and -5.27 %, respectively. Equity-futures trading generated a realized gain of US$3.49 million in Month 1 but saw a combined unrealized loss of US$3.02 million in the same month.

Securities lending: Five counterparties borrowed securities, led by Morgan Stanley & Co. (US$16.28 million on loan) and JP Morgan Securities (US$2.20 million). Non-cash collateral was indicated as possible.

The report lists no borrowings, preferred stock, or standby commitments, and it records zero exposure to credit spread risk metrics. The fiscal year-end is 31 Jul 2025, and this is a routine (non-final) monthly filing.

iShares Trust – International Select Dividend ETF filed its monthly Form N-PORT for the period ended 30 April 2025.

• Net assets: US$4.69 billion (assets US$4.76 billion; liabilities US$71.44 million).
• Liquidity: Cash & cash equivalents of US$22.28 million; no bank borrowings or other debt outstanding.
• Securities lending: Five counterparties held securities on loan totaling US$26.63 million; largest exposure to Goldman Sachs (US$17.51 million).
• Recent performance: Monthly total returns of 4.40%, 4.98%, and 4.54% over the past three months, indicating steady positive momentum.
• Derivatives activity: Equity futures and swaps generated mixed results—Month 3 showed a realized loss of US$1.56 million but an unrealized gain of US$0.51 million.
• Risk metrics: No reportable credit-spread or duration metrics as debt exposure is below disclosure thresholds.

The filing shows a broadly unlevered portfolio with moderate securities-lending activity and consistent short-term returns, offering investors visibility into liquidity and counterparty exposures.

iShares Trust – Investment Grade Corporate Bond BuyWrite Strategy ETF (Series ID S000076781, ticker assumed USBF) filed its monthly Form NPORT-P covering the period ended 30 April 2025.

Balance sheet: total assets were $242.74 million, offset by liabilities of $8.70 million, resulting in net assets of $234.04 million. No borrowings, preferred stock, delayed-delivery payables or standby commitments were reported, indicating a largely un-levered balance sheet. Cash and cash equivalents outside the investment portfolio were minimal at $3.5 thousand.

Performance: The Fund posted modest but positive total returns for the past three months: 1.12 % (most recent month), 0.34 %, and 0.03 %. These figures are calculated in accordance with Form N-1A methodologies and apply to Class ID C000236816.

Derivative activity: Equity-option overlay produced notable volatility. Combined realized and unrealized results were -$2.71 million in Month 1, + $1.83 million in Month 2, and + $0.76 million in Month 3. Non-derivative investments showed larger unrealized movements: +$4.36 million in Month 1, -$1.87 million in Month 2 and -$1.65 million in Month 3.

Risk & other disclosures: Credit-spread (SDV01/CS01) metrics were not provided, and the securities-lending section did not specify whether non-cash collateral was accepted. The report does not indicate that this is the Fund’s final NPORT-P filing.

Overall, the filing depicts a medium-sized, low-levered fixed-income ETF with a buy-write strategy that generated stable headline returns but experienced pronounced option-related P&L swings during the three-month window.

iShares Trust – iShares USD Systematic Bond ETF (NYSE: USBF) filed a routine Form NPORT-P covering the period ended 30 Apr 2025. The report shows total assets of $6.05 million, total liabilities of $0.32 million, and net assets of $5.72 million.

The ETF recorded three consecutive negative monthly total returns: -0.60% (Month 1), -3.81% (Month 2), and -3.42% (Month 3). Aggregate securities-lending exposure was about $133 thousand across Scotia Capital (USA), Morgan Stanley & Co., and JP Morgan Securities. No borrowings, preferred shares, or material derivatives positions were reported, and the filing lists $48.7 thousand in cash equivalents. The document contains no new risk factors, legal proceedings, or other material events.