Schedule of Investments (unaudited) October 31, 2021 | BlackRock U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks | ||||||||
Aerospace & Defense — 0.1% | ||||||||
Raytheon Technologies Corp. | 24,618 | $ | 2,187,556 | |||||
|
| |||||||
Air Freight & Logistics — 0.9% | ||||||||
CH Robinson Worldwide Inc. | 26,856 | 2,604,763 | ||||||
Expeditors International of Washington Inc. | 31,332 | 3,861,982 | ||||||
FedEx Corp. | 15,316 | 3,607,378 | ||||||
United Parcel Service Inc., Class B | 13,308 | 2,840,859 | ||||||
|
| |||||||
12,914,982 | ||||||||
Airlines — 0.3% | ||||||||
Alaska Air Group Inc.(a) | 98,065 | 5,177,832 | ||||||
|
| |||||||
Auto Components — 0.4% | ||||||||
Aptiv PLC(a) | 32,451 | 5,610,453 | ||||||
QuantumScape Corp.(a) | 19,023 | 550,526 | ||||||
|
| |||||||
6,160,979 | ||||||||
Automobiles — 2.4% | ||||||||
Ford Motor Co.(a) | 175,087 | 2,990,486 | ||||||
General Motors Co.(a) | 41,373 | 2,251,932 | ||||||
Tesla Inc.(a) | 27,428 | 30,554,792 | ||||||
|
| |||||||
35,797,210 | ||||||||
Banks — 4.0% | ||||||||
Bank of Hawaii Corp. | 11,190 | 945,555 | ||||||
Citigroup Inc. | 85,044 | 5,881,643 | ||||||
Citizens Financial Group Inc. | 21,261 | 1,007,346 | ||||||
Comerica Inc. | 12,309 | 1,047,373 | ||||||
Commerce Bancshares Inc. | 4,476 | 315,603 | ||||||
Fifth Third Bancorp. | 29,444 | 1,281,697 | ||||||
FNB Corp. | 71,616 | 834,327 | ||||||
Huntington Bancshares Inc./OH | 221,562 | 3,487,386 | ||||||
JPMorgan Chase & Co. | 133,325 | 22,650,584 | ||||||
KeyCorp. | 80,568 | 1,874,817 | ||||||
PNC Financial Services Group Inc. (The) | 18,402 | 3,883,374 | ||||||
Signature Bank/New York NY | 3,357 | 999,782 | ||||||
Truist Financial Corp. | 105,186 | 6,676,156 | ||||||
U.S. Bancorp. | 43,174 | 2,606,414 | ||||||
Wells Fargo & Co. | 120,443 | 6,161,864 | ||||||
Zions Bancorp. NA | 5,595 | 352,429 | ||||||
|
| |||||||
60,006,350 | ||||||||
Beverages — 2.6% | ||||||||
Coca-Cola Co. (The) | 293,178 | 16,526,444 | ||||||
Molson Coors Beverage Co., Class B | 64,538 | 2,845,481 | ||||||
PepsiCo Inc. | 115,257 | 18,625,531 | ||||||
|
| |||||||
37,997,456 | ||||||||
Biotechnology — 2.0% | ||||||||
AbbVie Inc. | 88,401 | 10,136,943 | ||||||
Amgen Inc. | 22,380 | 4,631,989 | ||||||
Biogen Inc.(a) | 10,071 | 2,685,734 | ||||||
CureVac NV(a) | 7,833 | 313,868 | ||||||
Gilead Sciences Inc. | 20,142 | 1,306,813 | ||||||
Incyte Corp.(a) | 34,834 | 2,333,181 | ||||||
Iovance Biotherapeutics Inc.(a) | 16,785 | 408,043 | ||||||
Mirati Therapeutics Inc.(a) | 1,119 | 211,513 | ||||||
Moderna Inc.(a) | 11,976 | 4,134,235 | ||||||
Novavax Inc.(a) | 5,640 | 839,401 | ||||||
Vertex Pharmaceuticals Inc.(a) | 15,223 | 2,815,190 | ||||||
|
| |||||||
29,816,910 | ||||||||
Building Products — 1.9% | ||||||||
A O Smith Corp. | 88,267 | 6,449,670 |
Security | Shares | Value | ||||||
Building Products (continued) | ||||||||
Allegion PLC | 8,952 | $ | 1,148,542 | |||||
Builders FirstSource Inc.(a) | 45,879 | 2,673,369 | ||||||
Carrier Global Corp. | 5,595 | 292,227 | ||||||
Johnson Controls International PLC | 204,919 | 15,034,907 | ||||||
Trane Technologies PLC | 16,428 | 2,972,318 | ||||||
|
| |||||||
28,571,033 | ||||||||
Capital Markets — 3.5% | ||||||||
Bank of New York Mellon Corp. (The) | 46,998 | 2,782,282 | ||||||
BlackRock Inc.(b) | 5,595 | 5,278,659 | ||||||
Charles Schwab Corp. (The) | 46,998 | 3,855,246 | ||||||
CME Group Inc. | 1,119 | 246,795 | ||||||
FactSet Research Systems Inc. | 11,190 | 4,967,129 | ||||||
Goldman Sachs Group Inc. (The) | 39,165 | 16,188,853 | ||||||
Intercontinental Exchange Inc. | 10,071 | 1,394,431 | ||||||
MarketAxess Holdings Inc. | 2,238 | 914,603 | ||||||
Moody’s Corp. | 3,357 | 1,356,732 | ||||||
Morgan Stanley | 41,109 | 4,225,183 | ||||||
MSCI Inc. | 3,357 | 2,232,002 | ||||||
Northern Trust Corp. | 5,595 | 688,409 | ||||||
Raymond James Financial Inc. | 3,259 | 321,305 | ||||||
S&P Global Inc. | 8,952 | 4,244,680 | ||||||
State Street Corp. | 24,618 | 2,426,104 | ||||||
T Rowe Price Group Inc. | 6,714 | 1,456,132 | ||||||
|
| |||||||
52,578,545 | ||||||||
Chemicals — 1.5% | ||||||||
Albemarle Corp. | 3,357 | 840,828 | ||||||
DuPont de Nemours Inc. | 85,044 | 5,919,062 | ||||||
Ecolab Inc. | 16,785 | 3,729,963 | ||||||
Element Solutions Inc. | 64,902 | 1,473,924 | ||||||
FMC Corp. | 41,104 | 3,740,875 | ||||||
International Flavors & Fragrances Inc. | 5,326 | 785,319 | ||||||
PPG Industries Inc. | 13,072 | 2,098,971 | ||||||
Sherwin-Williams Co. (The) | 10,071 | 3,188,579 | ||||||
|
| |||||||
21,777,521 | ||||||||
Commercial Services & Supplies — 0.4% | ||||||||
Cintas Corp. | 2,511 | 1,087,514 | ||||||
MSA Safety Inc. | 13,382 | 2,047,848 | ||||||
Waste Management Inc. | 17,904 | 2,868,758 | ||||||
|
| |||||||
6,004,120 | ||||||||
Communications Equipment — 1.0% | ||||||||
Cisco Systems Inc. | 254,013 | 14,217,107 | ||||||
CommScope Holding Co. Inc.(a) | 17,904 | 191,752 | ||||||
|
| |||||||
14,408,859 | ||||||||
Construction & Engineering — 0.1% | ||||||||
AECOM(a) | 12,309 | 841,566 | ||||||
|
| |||||||
Consumer Finance — 0.7% | ||||||||
Ally Financial Inc. | 5,595 | 267,105 | ||||||
American Express Co. | 29,045 | 5,047,440 | ||||||
Capital One Financial Corp. | 27,975 | 4,225,064 | ||||||
Upstart Holdings Inc.(a) | 2,890 | 930,696 | ||||||
|
| |||||||
10,470,305 | ||||||||
Containers & Packaging — 0.5% | ||||||||
Amcor PLC | 35,808 | 432,203 | ||||||
Ball Corp. | 68,259 | 6,244,333 | ||||||
Westrock Co. | 17,904 | 861,182 | ||||||
|
| |||||||
7,537,718 | ||||||||
Distributors — 1.0% | ||||||||
Genuine Parts Co. | 81,011 | 10,621,352 |
1 |
Schedule of Investments (unaudited) (continued) October 31, 2021 | BlackRock U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Distributors (continued) | ||||||||
Pool Corp. | 7,736 | $ | 3,985,278 | |||||
|
| |||||||
14,606,630 | ||||||||
Diversified Consumer Services — 0.0% | ||||||||
Bright Horizons Family Solutions Inc.(a) | 1,119 | 185,754 | ||||||
|
| |||||||
Diversified Financial Services — 0.9% | ||||||||
Berkshire Hathaway Inc., Class B(a) | 49,236 | 14,131,224 | ||||||
|
| |||||||
Diversified Telecommunication Services — 0.2% | ||||||||
AT&T Inc. | 117,495 | 2,967,924 | ||||||
|
| |||||||
Electric Utilities — 1.6% | ||||||||
Avangrid Inc. | 23,499 | 1,238,397 | ||||||
Edison International | 76,092 | 4,788,470 | ||||||
Eversource Energy | 128,685 | 10,925,356 | ||||||
Exelon Corp. | 32,451 | 1,726,069 | ||||||
NextEra Energy Inc. | 66,680 | 5,689,804 | ||||||
|
| |||||||
24,368,096 | ||||||||
Electrical Equipment — 0.9% | ||||||||
Acuity Brands Inc. | 16,785 | 3,448,143 | ||||||
ChargePoint Holdings Inc.(a) | 36,927 | 915,051 | ||||||
Plug Power Inc.(a) | 43,641 | 1,670,141 | ||||||
Rockwell Automation Inc. | 15,666 | 5,003,720 | ||||||
Shoals Technologies Group Inc., Class A(a) | 4,476 | 138,711 | ||||||
Sunrun Inc.(a) | 23,270 | 1,342,214 | ||||||
Vertiv Holdings Co. | 7,833 | 201,151 | ||||||
|
| |||||||
12,719,131 | ||||||||
Electronic Equipment, Instruments & Components — 0.2% | ||||||||
Amphenol Corp., Class A | 27,975 | 2,147,641 | ||||||
Arrow Electronics Inc.(a) | 6,714 | 777,145 | ||||||
Coherent Inc.(a) | 1,052 | 267,629 | ||||||
|
| |||||||
3,192,415 | ||||||||
Energy Equipment & Services — 0.3% | ||||||||
Baker Hughes Co. | 75,765 | 1,900,186 | ||||||
Halliburton Co. | 43,973 | 1,098,885 | ||||||
Schlumberger NV | 41,403 | 1,335,661 | ||||||
|
| |||||||
4,334,732 | ||||||||
Entertainment — 2.6% | ||||||||
Netflix Inc.(a) | 29,754 | 20,539,484 | ||||||
Roku Inc.(a) | 4,476 | 1,364,732 | ||||||
Skillz Inc., Class A(a)(c) | 22,380 | 250,208 | ||||||
Spotify Technology SA(a) | 8,952 | 2,590,709 | ||||||
Walt Disney Co. (The)(a) | 78,387 | 13,252,890 | ||||||
|
| |||||||
37,998,023 | ||||||||
Equity Real Estate Investment Trusts (REITs) — 3.1% | ||||||||
Boston Properties Inc. | 53,344 | 6,062,012 | ||||||
Brixmor Property Group Inc. | 63,589 | 1,490,526 | ||||||
CyrusOne Inc. | 11,190 | 917,804 | ||||||
Equinix Inc. | 7,833 | 6,556,769 | ||||||
Equity Residential | 53,770 | 4,645,728 | ||||||
Essex Property Trust Inc. | 8,952 | 3,043,053 | ||||||
Federal Realty Investment Trust | 30,213 | 3,636,135 | ||||||
Host Hotels & Resorts Inc.(a) | 13,428 | 225,993 | ||||||
Kilroy Realty Corp. | 58,790 | 3,961,270 | ||||||
Kimco Realty Corp. | 49,236 | 1,112,734 | ||||||
Prologis Inc. | 8,952 | 1,297,682 | ||||||
Regency Centers Corp. | 30,213 | 2,127,297 | ||||||
Simon Property Group Inc. | 12,309 | 1,804,253 | ||||||
SL Green Realty Corp. | 10,071 | 705,675 | ||||||
UDR Inc. | 92,975 | 5,162,902 |
Security | Shares | Value | ||||||
Equity Real Estate Investment Trusts (REITs) (continued) | ||||||||
Ventas Inc. | 25,009 | $ | 1,334,730 | |||||
Welltower Inc. | 8,952 | 719,741 | ||||||
Weyerhaeuser Co. | 30,862 | 1,102,391 | ||||||
|
| |||||||
45,906,695 | ||||||||
Food & Staples Retailing — 1.0% | ||||||||
Costco Wholesale Corp. | 1,134 | 557,406 | ||||||
Kroger Co. (The) | 40,284 | 1,612,166 | ||||||
Walgreens Boots Alliance Inc. | 56,682 | 2,665,188 | ||||||
Walmart Inc. | 71,763 | 10,722,827 | ||||||
|
| |||||||
15,557,587 | ||||||||
Food Products — 0.2% | ||||||||
General Mills Inc. | 31,332 | 1,936,318 | ||||||
Hain Celestial Group Inc. (The)(a) | 30,213 | 1,355,657 | ||||||
|
| |||||||
3,291,975 | ||||||||
Gas Utilities — 0.4% | ||||||||
UGI Corp. | 124,349 | 5,397,990 | ||||||
|
| |||||||
Health Care Equipment & Supplies — 2.2% | ||||||||
Abbott Laboratories | 41,403 | 5,336,433 | ||||||
Becton Dickinson and Co. | 15,530 | 3,720,833 | ||||||
Edwards Lifesciences Corp.(a) | 41,403 | 4,960,907 | ||||||
ICU Medical Inc.(a) | 13,618 | 3,188,382 | ||||||
IDEXX Laboratories Inc.(a) | 2,243 | 1,494,152 | ||||||
Medtronic PLC | 112,820 | 13,522,605 | ||||||
Novocure Ltd.(a) | 2,238 | 229,552 | ||||||
Stryker Corp. | 2,238 | 595,465 | ||||||
|
| |||||||
33,048,329 | ||||||||
Health Care Providers & Services — 3.3% | ||||||||
AmerisourceBergen Corp. | 3,357 | 409,621 | ||||||
Anthem Inc. | 2,973 | 1,293,642 | ||||||
Cardinal Health Inc. | 6,714 | 320,996 | ||||||
CVS Health Corp. | 141,718 | 12,652,583 | ||||||
Henry Schein Inc.(a) | 25,737 | 1,965,020 | ||||||
Humana Inc. | 13,428 | 6,219,312 | ||||||
Molina Healthcare Inc.(a) | 1,119 | 330,911 | ||||||
Quest Diagnostics Inc. | 7,833 | 1,149,728 | ||||||
UnitedHealth Group Inc. | 53,712 | 24,732,765 | ||||||
|
| |||||||
49,074,578 | ||||||||
Health Care Technology — 0.1% | ||||||||
Teladoc Health Inc.(a) | 7,760 | 1,160,818 | ||||||
Veeva Systems Inc., Class A(a) | 3,357 | 1,064,203 | ||||||
|
| |||||||
2,225,021 | ||||||||
Hotels, Restaurants & Leisure — 2.1% | ||||||||
Booking Holdings Inc.(a) | 5,775 | 13,980,004 | ||||||
Carnival Corp.(a) | 17,904 | 396,753 | ||||||
Darden Restaurants Inc. | 11,190 | 1,612,927 | ||||||
McDonald’s Corp. | 16,489 | 4,048,874 | ||||||
Norwegian Cruise Line Holdings Ltd.(a) | 102,948 | 2,647,822 | ||||||
Royal Caribbean Cruises Ltd.(a) | 2,238 | 188,954 | ||||||
Six Flags Entertainment Corp.(a) | 21,261 | 874,465 | ||||||
Travel + Leisure Co. | 32,943 | 1,790,123 | ||||||
Yum! Brands Inc. | 42,248 | 5,278,465 | ||||||
|
| |||||||
30,818,387 | ||||||||
Household Durables — 0.6% | ||||||||
Leggett & Platt Inc. | 61,688 | 2,890,083 | ||||||
Newell Brands Inc. | 44,760 | 1,024,556 | ||||||
Whirlpool Corp. | 23,499 | 4,954,294 | ||||||
|
| |||||||
8,868,933 |
2 |
Schedule of Investments (unaudited) (continued) October 31, 2021 | BlackRock U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Household Products — 0.6% | ||||||||
Colgate-Palmolive Co. | 52,375 | $ | 3,990,451 | |||||
Procter & Gamble Co. (The) | 23,499 | 3,360,122 | ||||||
Spectrum Brands Holdings Inc. | 11,060 | 1,036,875 | ||||||
|
| |||||||
8,387,448 | ||||||||
Independent Power and Renewable Electricity Producers — 0.1% | ||||||||
Brookfield Renewable Corp., Class A | 20,055 | 830,478 | ||||||
|
| |||||||
Industrial Conglomerates — 0.9% | ||||||||
3M Co. | 45,879 | 8,197,660 | ||||||
General Electric Co(c) | 51,199 | 5,369,239 | ||||||
|
| |||||||
13,566,899 | ||||||||
Insurance — 1.9% | ||||||||
Allstate Corp. (The) | 29,094 | 3,598,055 | ||||||
Aon PLC, Class A | 12,309 | 3,937,895 | ||||||
Assured Guaranty Ltd. | 12,309 | 684,134 | ||||||
Cincinnati Financial Corp. | 3,357 | 407,674 | ||||||
Lemonade Inc.(a)(c) | 9,208 | 572,369 | ||||||
Lincoln National Corp. | 12,309 | 888,094 | ||||||
Marsh & McLennan Companies Inc. | 3,357 | 559,948 | ||||||
MetLife Inc. | 8,952 | 562,186 | ||||||
Principal Financial Group Inc. | 105,186 | 7,056,929 | ||||||
Prudential Financial Inc. | 76,092 | 8,373,924 | ||||||
W R Berkley Corp. | 26,856 | 2,137,738 | ||||||
|
| |||||||
28,778,946 | ||||||||
Interactive Media & Services — 6.5% | ||||||||
Alphabet Inc., Class A(a) | 11,190 | 33,132,695 | ||||||
Alphabet Inc., Class C, NVS(a) | 10,071 | 29,864,644 | ||||||
IAC/InterActiveCorp.(a) | 25,667 | 3,910,881 | ||||||
Match Group Inc.(a) | 2,238 | 337,445 | ||||||
Meta Platforms Inc, Class A(a) | 87,282 | 28,241,837 | ||||||
TripAdvisor Inc.(a) | 16,785 | 553,401 | ||||||
Twitter Inc.(a) | 12,309 | 659,024 | ||||||
|
| |||||||
96,699,927 | ||||||||
Internet & Direct Marketing Retail — 2.8% | ||||||||
Amazon.com Inc.(a) | 10,417 | 35,130,603 | ||||||
DoorDash Inc., Class A(a) | 5,595 | 1,089,906 | ||||||
Etsy Inc.(a) | 13,088 | 3,281,031 | ||||||
Qurate Retail Inc., Series A | 144,160 | 1,505,030 | ||||||
|
| |||||||
41,006,570 | ||||||||
IT Services — 5.8% | ||||||||
Accenture PLC, Class A | 48,290 | 17,325,969 | ||||||
Akamai Technologies Inc.(a) | 19,023 | 2,006,166 | ||||||
Automatic Data Processing Inc. | 29,094 | 6,531,312 | ||||||
Broadridge Financial Solutions Inc. | 25,737 | 4,591,738 | ||||||
Cloudflare Inc., Class A(a) | 2,238 | 435,783 | ||||||
International Business Machines Corp. | 35,705 | 4,466,695 | ||||||
Mastercard Inc., Class A | 54,831 | 18,396,897 | ||||||
PayPal Holdings Inc.(a) | 35,010 | 8,142,976 | ||||||
Snowflake Inc., Class A(a) | 5,790 | 2,048,734 | ||||||
Square Inc., Class A(a) | 2,238 | 569,571 | ||||||
Visa Inc., Class A | 93,996 | 19,905,533 | ||||||
Western Union Co. (The) | 38,046 | 693,198 | ||||||
Wix.com Ltd.(a) | 4,476 | 832,357 | ||||||
|
| |||||||
85,946,929 | ||||||||
Leisure Products — 0.3% | ||||||||
Hasbro Inc. | 46,998 | 4,500,529 | ||||||
|
| |||||||
Life Sciences Tools & Services — 1.5% | ||||||||
Agilent Technologies Inc. | 6,714 | 1,057,388 |
Security | Shares | Value | ||||||
Life Sciences Tools & Services (continued) | ||||||||
Illumina Inc.(a) | 10,644 | $ | 4,417,898 | |||||
IQVIA Holdings Inc.(a) | 3,357 | 877,587 | ||||||
Mettler-Toledo International Inc.(a) | 1,119 | 1,657,105 | ||||||
PerkinElmer Inc. | 3,357 | 593,820 | ||||||
Thermo Fisher Scientific Inc. | 16,341 | 10,344,997 | ||||||
West Pharmaceutical Services Inc. | 8,952 | 3,848,286 | ||||||
|
| |||||||
22,797,081 | ||||||||
Machinery — 1.9% | ||||||||
AGCO Corp. | 7,833 | 957,271 | ||||||
Caterpillar Inc. | 22,380 | 4,565,744 | ||||||
Dover Corp. | 57,069 | 9,649,226 | ||||||
Ingersoll Rand Inc.(a) | 4,476 | 240,630 | ||||||
Middleby Corp. (The)(a) | 4,476 | 816,601 | ||||||
Pentair PLC | 45,208 | 3,344,036 | ||||||
Xylem Inc./NY | 68,259 | 8,913,943 | ||||||
|
| |||||||
28,487,451 | ||||||||
Marine — 0.1% | ||||||||
Kirby Corp.(a) | 42,522 | 2,228,578 | ||||||
|
| |||||||
Media — 0.3% | ||||||||
Comcast Corp., Class A | 64,902 | 3,337,910 | ||||||
Interpublic Group of Companies Inc. (The) | 5,595 | 204,609 | ||||||
New York Times Co. (The), Class A | 8,952 | 488,690 | ||||||
|
| |||||||
4,031,209 | ||||||||
Metals & Mining — 0.4% | ||||||||
Alcoa Corp. | 12,309 | 565,599 | ||||||
Nucor Corp. | 2,238 | 249,873 | ||||||
Royal Gold Inc. | 22,577 | 2,235,574 | ||||||
Steel Dynamics Inc. | 51,474 | 3,401,402 | ||||||
|
| |||||||
6,452,448 | ||||||||
Multi-Utilities — 0.1% | ||||||||
Consolidated Edison Inc. | 14,753 | 1,112,376 | ||||||
|
| |||||||
Multiline Retail — 0.2% | ||||||||
Nordstrom Inc.(a) | 19,252 | 553,110 | ||||||
Target Corp. | 10,071 | 2,614,633 | ||||||
|
| |||||||
3,167,743 | ||||||||
Oil, Gas & Consumable Fuels — 2.2% | ||||||||
Antero Midstream Corp. | 48,117 | 511,965 | ||||||
Cheniere Energy Inc.(a) | 7,833 | 809,932 | ||||||
Chevron Corp. | 20,658 | 2,365,134 | ||||||
ConocoPhillips | 101,829 | 7,585,242 | ||||||
Devon Energy Corp. | 22,380 | 896,990 | ||||||
Diamondback Energy Inc. | 3,357 | 359,837 | ||||||
DTE Midstream LLC(a) | 13,428 | 644,007 | ||||||
EQT Corp.(a) | 8,952 | 178,234 | ||||||
Exxon Mobil Corp. | 143,232 | 9,234,167 | ||||||
Hess Corp. | 2,238 | 184,792 | ||||||
Kinder Morgan Inc. | 66,021 | 1,105,852 | ||||||
New Fortress Energy Inc. | 21,261 | 637,830 | ||||||
Occidental Petroleum Corp. | 23,499 | 787,922 | ||||||
ONEOK Inc. | 14,547 | 925,480 | ||||||
Phillips 66 | 14,547 | 1,087,825 | ||||||
Pioneer Natural Resources Co. | 5,595 | 1,046,153 | ||||||
Williams Companies Inc. (The) | 151,065 | 4,243,416 | ||||||
|
| |||||||
32,604,778 | ||||||||
Personal Products — 0.6% | ||||||||
Coty Inc., Class A(a) | 87,282 | 740,151 |
3 |
Schedule of Investments (unaudited) (continued) October 31, 2021 | BlackRock U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Personal Products (continued) | ||||||||
Estee Lauder Companies Inc. (The), Class A | 24,618 | $ | 7,984,356 | |||||
|
| |||||||
8,724,507 | ||||||||
Pharmaceuticals — 3.6% | ||||||||
Bristol-Myers Squibb Co. | 135,399 | 7,907,302 | ||||||
Catalent Inc.(a) | 4,476 | 617,061 | ||||||
Eli Lilly & Co. | 39,165 | 9,977,675 | ||||||
Johnson & Johnson | 98,101 | 15,978,691 | ||||||
Merck & Co. Inc. | 144,351 | 12,710,106 | ||||||
Nektar Therapeutics(a) | 40,284 | 610,706 | ||||||
Pfizer Inc. | 118,614 | 5,188,176 | ||||||
|
| |||||||
52,989,717 | ||||||||
Professional Services — 0.5% | ||||||||
CoStar Group Inc.(a) | 1,119 | 96,290 | ||||||
IHS Markit Ltd. | 25,737 | 3,364,341 | ||||||
Leidos Holdings Inc. | 19,669 | 1,966,507 | ||||||
Robert Half International Inc. | 22,380 | 2,530,506 | ||||||
|
| |||||||
7,957,644 | ||||||||
Real Estate Management & Development — 0.0% | ||||||||
Zillow Group Inc., Class C, NVS(a)(c) | 5,595 | 579,810 | ||||||
|
| |||||||
Road & Rail — 0.4% | ||||||||
CSX Corp. | 108,543 | 3,926,000 | ||||||
JB Hunt Transport Services Inc. | 12,309 | 2,427,212 | ||||||
TuSimple Holdings Inc., Class A(a)(c) | 6,714 | 262,652 | ||||||
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| |||||||
6,615,864 | ||||||||
Semiconductors & Semiconductor Equipment — 5.6% | ||||||||
Advanced Micro Devices Inc.(a)(c) | 63,783 | 7,668,630 | ||||||
Analog Devices Inc. | 72,735 | 12,618,795 | ||||||
Applied Materials Inc. | 7,833 | 1,070,379 | ||||||
Broadcom Inc. | 21,806 | 11,593,596 | ||||||
Enphase Energy Inc.(a) | 3,357 | 777,582 | ||||||
First Solar Inc.(a) | 14,547 | 1,739,676 | ||||||
Intel Corp. | 59,901 | 2,935,149 | ||||||
Marvell Technology Inc. | 45,824 | 3,138,944 | ||||||
Microchip Technology Inc. | 23,689 | 1,755,118 | ||||||
NVIDIA Corp. | 91,865 | 23,487,125 | ||||||
NXP Semiconductors NV | 34,511 | 6,931,880 | ||||||
QUALCOMM Inc. | 1,331 | 177,076 | ||||||
Skyworks Solutions Inc. | 4,117 | 688,074 | ||||||
Texas Instruments Inc. | 30,213 | 5,664,333 | ||||||
Universal Display Corp. | 14,931 | 2,735,359 | ||||||
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| |||||||
82,981,716 | ||||||||
Software — 10.4% | ||||||||
Adobe Inc.(a) | 20,142 | 13,099,551 | ||||||
Atlassian Corp. PLC, Class A(a) | 4,476 | 2,050,590 | ||||||
Autodesk Inc.(a) | 5,595 | 1,777,028 | ||||||
C3.ai Inc., Class A(a)(c) | 5,595 | 252,446 | ||||||
Cadence Design Systems Inc.(a) | 17,904 | 3,099,362 | ||||||
Citrix Systems Inc. | 6,714 | 636,017 | ||||||
Dolby Laboratories Inc., Class A | 60,426 | 5,338,637 | ||||||
Fortinet Inc.(a) | 3,956 | 1,330,561 | ||||||
Intuit Inc. | 6,714 | 4,202,897 | ||||||
Microsoft Corp. | 291,191 | 96,564,759 | ||||||
NortonLifeLock Inc. | 104,454 | 2,658,354 | ||||||
Oracle Corp. | 66,021 | 6,334,055 | ||||||
Palantir Technologies Inc., Class A(a) | 41,403 | 1,071,510 | ||||||
salesforce.com Inc.(a) | 34,689 | 10,395,946 | ||||||
ServiceNow Inc.(a) | 4,476 | 3,123,174 | ||||||
VMware Inc., Class A(a) | 5,595 | 848,762 |
Security | Shares | Value | ||||||
Software (continued) | ||||||||
Workday Inc., Class A(a) | 6,714 | $ | 1,946,926 | |||||
Zoom Video Communications Inc., Class A(a) | 1,119 | 307,333 | ||||||
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155,037,908 | ||||||||
Specialty Retail — 2.6% | ||||||||
AutoNation Inc.(a) | 28,470 | 3,448,286 | ||||||
Bath & Body Works Inc. | 7,833 | 541,182 | ||||||
Burlington Stores Inc.(a) | 6,714 | 1,855,011 | ||||||
Carvana Co.(a) | 1,217 | 368,970 | ||||||
Foot Locker Inc. | 40,284 | 1,920,338 | ||||||
GameStop Corp., Class A(a) | 4,648 | 852,955 | ||||||
Home Depot Inc. (The) | 37,121 | 13,799,361 | ||||||
Lowe’s Companies Inc. | 20,549 | 4,804,767 | ||||||
Ross Stores Inc. | 38,046 | 4,306,807 | ||||||
TJX Companies Inc. (The) | 20,084 | 1,315,301 | ||||||
Tractor Supply Co. | 16,785 | 3,645,198 | ||||||
Ulta Beauty Inc.(a) | 2,238 | 822,152 | ||||||
Williams-Sonoma Inc. | 2,238 | 415,664 | ||||||
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38,095,992 | ||||||||
Technology Hardware, Storage & Peripherals — 5.9% | ||||||||
Apple Inc. | 478,932 | 71,744,014 | ||||||
Dell Technologies Inc., Class C(a) | 70,497 | 7,753,965 | ||||||
Hewlett Packard Enterprise Co. | 305,684 | 4,478,271 | ||||||
HP Inc. | 49,236 | 1,493,328 | ||||||
NetApp Inc. | 10,071 | 899,340 | ||||||
Pure Storage Inc., Class A(a) | 31,504 | 846,197 | ||||||
Western Digital Corp.(a) | 20,142 | 1,053,225 | ||||||
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| |||||||
88,268,340 | ||||||||
Textiles, Apparel & Luxury Goods — 0.5% | ||||||||
Lululemon Athletica Inc.(a) | 1,119 | 521,465 | ||||||
Nike Inc., Class B | 33,680 | 5,634,327 | ||||||
VF Corp. | 22,380 | 1,631,055 | ||||||
|
| |||||||
7,786,847 | ||||||||
Thrifts & Mortgage Finance — 0.0% | ||||||||
Rocket Companies Inc., Class A | 23,499 | 387,264 | ||||||
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| |||||||
Wireless Telecommunication Services — 0.7% | ||||||||
T-Mobile U.S. Inc.(a) | 87,250 | 10,036,368 | ||||||
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Total Common Stocks — 99.4% (Cost: $1,331,947,547) | 1,481,003,733 | |||||||
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Short-Term Investments | ||||||||
Money Market Funds — 1.2% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.05%(b)(d)(e) | 9,912,568 | 9,917,524 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(b)(d) | 7,090,000 | 7,090,000 | ||||||
|
| |||||||
17,007,524 | ||||||||
|
| |||||||
Total Short-Term Investments — 1.2% | 17,007,524 | |||||||
|
| |||||||
Total Investments in Securities — 100.6% | 1,498,011,257 | |||||||
Other Assets, Less Liabilities — (0.6)% | (8,627,017 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 1,489,384,240 | ||||||
|
|
(a) | Non-income producing security. |
(b) | Affiliate of the Fund. |
4 |
Schedule of Investments (unaudited) (continued) October 31, 2021 | BlackRock U.S. Carbon Transition Readiness ETF |
(c) | All or a portion of this security is on loan. |
(d) | Annualized 7-day yield as of period end. |
(e) | All or a portion of this security was purchased with the cash collateral from loaned securities. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended October 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 07/31/21 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 10/31/21 | Shares Held at 10/31/21 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 1,051,825 | $ | 8,865,699 | (a) | $ | — | $ | (61 | ) | $ | 61 | $ | 9,917,524 | 9,912,568 | $ | 3,824 | (b) | $ | — | ||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 17,150,000 | — | (10,060,000 | )(a) | — | — | 7,090,000 | 7,090,000 | 83 | — | ||||||||||||||||||||||||||
BlackRock Inc. | 4,882,167 | 114,043 | (149,611 | ) | 22,258 | 409,802 | 5,278,659 | 5,595 | 23,025 | — | ||||||||||||||||||||||||||
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$ | 22,197 | $ | 409,863 | $ | 22,286,183 | $ | 26,932 | $ | — | |||||||||||||||||||||||||||
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(a) | Represents net amount purchased (sold). |
(b) | All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities. |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
Description | Number of Contracts | Expiration Date | Notional Amount (000) | Value/ Unrealized Appreciation (Depreciation) | ||||||||||||
Long Contracts | ||||||||||||||||
S&P 500 E-Mini Index | 21 | 12/17/21 | $ | 4,827 | $ | 119,590 | ||||||||||
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Fair Value Measurements
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:
• | Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access; |
• | Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and |
• | Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global 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 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.
5 |
Schedule of Investments (unaudited) (continued) October 31, 2021 | BlackRock U.S. Carbon Transition Readiness ETF |
Fair Value Measurements (continued)
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 | |||||||||||||
Investments | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | $ | 1,481,003,733 | $ | — | $ | — | $ | 1,481,003,733 | ||||||||
Money Market Funds | 17,007,524 | — | — | 17,007,524 | ||||||||||||
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| |||||||||
$ | 1,498,011,257 | $ | — | $ | — | $ | 1,498,011,257 | |||||||||
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| |||||||||
Derivative financial instruments(a) | ||||||||||||||||
Assets | ||||||||||||||||
Futures Contracts | $ | 119,590 | $ | — | $ | — | $ | 119,590 | ||||||||
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(a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Portfolio Abbreviations - Equity | ||
NVS | Non-Voting Shares |
6 |