Schedule of Investments (unaudited) April 30, 2023 | BlackRock Future Tech ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks | ||||||||
Automobiles — 2.2% | ||||||||
Tesla Inc.(a) | 1,463 | $ | 240,386 | |||||
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Communications Equipment — 1.1% | ||||||||
Accton Technology Corp. | 13,000 | 126,996 | ||||||
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Consumer Finance — 1.0% | ||||||||
Kaspi.KZ JSC | 1,328 | 109,733 | ||||||
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Financial Services — 4.6% | ||||||||
Adyen NV(a)(b) | 119 | 191,215 | ||||||
GMO Payment Gateway Inc. | 1,800 | 140,781 | ||||||
Shift4 Payments Inc., Class A(a)(c) | 1,745 | 118,259 | ||||||
Wise PLC(a) | 9,451 | 65,437 | ||||||
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515,692 | ||||||||
Electrical Equipment — 1.4% | ||||||||
Array Technologies Inc.(a) | 4,024 | 82,291 | ||||||
Sungrow Power Supply Co. Ltd., Class A | 4,765 | 77,842 | ||||||
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160,133 | ||||||||
Electronic Equipment, Instruments & Components — 9.1% | ||||||||
Delta Electronics Inc. | 14,000 | 137,143 | ||||||
Jabil Inc. | 2,900 | 226,635 | ||||||
Lotes Co. Ltd. | 4,051 | 116,160 | ||||||
Maxscend Microelectronics Co. Ltd., Class A | 2,672 | 39,278 | ||||||
Samsung SDI Co. Ltd. | 414 | 214,854 | ||||||
Unimicron Technology Corp. | 20,000 | 95,027 | ||||||
Yageo Corp. | 7,000 | 113,477 | ||||||
Zhejiang Supcon Technology Co. Ltd. | 5,379 | 75,046 | ||||||
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1,017,620 | ||||||||
Entertainment — 4.1% | ||||||||
CTS Eventim AG & Co. KGaA(a) | 1,366 | 89,999 | ||||||
Nexon Co. Ltd. | 3,400 | 76,807 | ||||||
Spotify Technology SA(a) | 771 | 103,006 | ||||||
Take-Two Interactive Software Inc.(a) | 1,506 | 187,181 | ||||||
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456,993 | ||||||||
Health Care Technology — 0.5% | ||||||||
M3 Inc. | 2,300 | 56,456 | ||||||
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Hotels, Restaurants & Leisure — 3.4% | ||||||||
Amadeus IT Group SA(a) | 1,652 | 116,111 | ||||||
Expedia Group Inc.(a) | 614 | 57,691 | ||||||
Trip.com Group Ltd., ADR(a) | 5,621 | 199,602 | ||||||
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373,404 | ||||||||
Household Durables — 0.6% | ||||||||
TCL Technology Group Corp., Class A | 107,000 | 61,884 | ||||||
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Interactive Media & Services — 2.3% | ||||||||
Kanzhun Ltd., ADR(a) | 4,541 | 83,963 | ||||||
NAVER Corp. | 366 | 53,024 | ||||||
Pinterest Inc., Class A(a) | 3,325 | 76,475 | ||||||
Snap Inc., Class A, NVS(a) | 5,164 | 44,979 | ||||||
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258,441 | ||||||||
IT Services — 3.3% | ||||||||
Cloudflare Inc., Class A(a) | 1,311 | 61,682 | ||||||
Grid Dynamics Holdings Inc.(a) | 3,883 | 42,208 | ||||||
MongoDB Inc. (a)(c) | 649 | 155,734 | ||||||
Okta Inc.(a) | 907 | 62,157 | ||||||
Twilio Inc., Class A(a) | 896 | 47,139 | ||||||
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368,920 |
Security | Shares | Value | ||||||
Life Sciences Tools & Services — 0.5% | ||||||||
IQVIA Holdings Inc.(a) | 296 | $ | 55,716 | |||||
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Machinery — 0.8% | ||||||||
Shenzhen Inovance Technology Co. Ltd., Class A | 10,300 | 92,056 | ||||||
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Media — 2.6% | ||||||||
Informa PLC | 32,204 | 292,769 | ||||||
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Broadline Retail — 3.5% | ||||||||
Coupang Inc.(a) | 5,662 | 94,895 | ||||||
MercadoLibre Inc.(a) | 157 | 200,566 | ||||||
Prosus NV | 1,258 | 94,141 | ||||||
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389,602 | ||||||||
Professional Services — 2.3% | ||||||||
Legalzoomcom Inc.(a)(c) | 6,891 | 64,637 | ||||||
Planet Labs PBC(a) | 5,350 | 21,828 | ||||||
Wolters Kluwer NV | 1,300 | 172,242 | ||||||
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258,707 | ||||||||
Real Estate Management & Development — 0.7% | ||||||||
KE Holdings Inc., ADR(a) | 4,763 | 74,731 | ||||||
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Semiconductors & Semiconductor Equipment — 30.3% | ||||||||
Alchip Technologies Ltd. | 2,000 | 77,670 | ||||||
Alphawave IP Group PLC(a) | 50,427 | 64,422 | ||||||
ASM International NV | 835 | 303,146 | ||||||
ASPEED Technology Inc. | 1,000 | 85,631 | ||||||
Axcelis Technologies Inc.(a) | 489 | 57,849 | ||||||
BE Semiconductor Industries NV | 1,922 | 173,006 | ||||||
Credo Technology Group Holdings Ltd.(a)(c) | 8,932 | 72,439 | ||||||
eMemory Technology Inc. | 1,000 | 59,792 | ||||||
Entegris Inc. | 1,262 | 94,549 | ||||||
First Solar Inc.(a) | 466 | 85,082 | ||||||
KLA Corp. | 366 | 141,474 | ||||||
Lasertec Corp. | 1,300 | 176,860 | ||||||
Lattice Semiconductor Corp.(a) | 3,774 | 300,788 | ||||||
Marvell Technology Inc. | 3,375 | 133,245 | ||||||
Monolithic Power Systems Inc. | 531 | 245,306 | ||||||
Nvidia Corp. | 1,515 | 420,397 | ||||||
ON Semiconductor Corp.(a) | 3,208 | 230,848 | ||||||
Qorvo Inc.(a) | 830 | 76,426 | ||||||
Rambus Inc.(a) | 2,360 | 104,642 | ||||||
SK Hynix Inc. | 1,304 | 87,738 | ||||||
SMA Solar Technology AG(a) | 336 | 36,345 | ||||||
SOITEC(a) | 1,495 | 220,817 | ||||||
Wolfspeed Inc.(a) | 2,844 | 132,388 | ||||||
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3,380,860 | ||||||||
Software — 19.8% | ||||||||
Altium Ltd. | 7,374 | 187,972 | ||||||
Appier Group Inc.(a) | 4,800 | 54,507 | ||||||
Aspen Technology Inc.(a) | 622 | 110,094 | ||||||
Atlassian Corp., NVS(a) | 598 | 88,301 | ||||||
Freee KK(a) | 4,100 | 117,314 | ||||||
Gitlab Inc., Class A(a) | 1,330 | 40,379 | ||||||
Glodon Co. Ltd., Class A | 15,871 | 133,083 | ||||||
Kinaxis Inc.(a) | 814 | 111,786 | ||||||
Manhattan Associates Inc.(a) | 511 | 84,662 | ||||||
Nemetschek SE | 876 | 68,471 | ||||||
Palo Alto Networks Inc.(a) | 1,057 | 192,860 | ||||||
Rapid7 Inc.(a) | 1,491 | 72,478 | ||||||
RingCentral Inc., Class A(a) | 1,503 | 41,423 | ||||||
Sage Group PLC (The) | 7,052 | 72,727 |
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Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock Future Tech ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Software (continued) | ||||||||
Shanghai Baosight Software Co. Ltd., Class A | 6,852 | $ | 53,469 | |||||
SiteMinder Ltd.(a)(c) | 35,893 | 87,054 | ||||||
Synopsys Inc.(a) | 1,102 | 409,195 | ||||||
Tenable Holdings Inc.(a) | 1,057 | 39,098 | ||||||
Unity Software Inc.(a)(c) | 1,695 | 45,714 | ||||||
Xero Ltd.(a) | 2,291 | 143,017 | ||||||
Zscaler Inc.(a) | 556 | 50,096 | ||||||
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2,203,700 | ||||||||
Specialty Retail — 0.5% | ||||||||
Farfetch Ltd., Class A(a)(c) | 12,919 | 52,064 | ||||||
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Technology Hardware, Storage & Peripherals — 2.5% | ||||||||
Pure Storage Inc., Class A(a) | 7,061 | 161,202 | ||||||
Wiwynn Corp. | 3,000 | 114,170 | ||||||
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275,372 | ||||||||
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Total Long-Term Investments — 97.1% | 10,822,235 | |||||||
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Short-Term Securities | ||||||||
Money Market Funds — 7.1% | ||||||||
BlackRock Cash Funds: Institutional, | ||||||||
5.02%(d)(e)(f) | 481,488 | 481,633 |
Security | Shares | Value | ||||||
Money Market Funds (continued) | ||||||||
BlackRock Cash Funds: Treasury, | ||||||||
4.75%(d)(e) | 310,000 | $ | 310,000 | |||||
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Total Short-Term Securities — 7.1% |
| 791,633 | ||||||
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Total Investments — 104.2% |
| 11,613,868 | ||||||
Liabilities in Excess of Other Assets — (4.2)% | (472,875 | ) | ||||||
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Net Assets — 100.0% | $ 11,140,993 | |||||||
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(a) | Non-income producing security. |
(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) | All or a portion of this security is on loan. |
(d) | Affiliate of the Fund. |
(e) | Annualized 7-day yield as of period end. |
(f) | 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 endedApril 30, 2023 for purposes of Section 2(a)(3) of the Investment CompanyAct of 1940, as amended, were as follows:
Affiliated Issuer | Value at 07/31/22 | Purchases at Cost | Proceeds from Sale | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 04/30/23 | Shares Held at 04/30/23 | Income | Capital Gain from | |||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 1,737,915 | $ | — | $ | (1,256,793 | )(a) | $ | 545 | $ | (34 | ) | $ | 481,633 | 481,488 | $ | 3,608 | (b) | $ | — | ||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 830,000 | — | (520,000 | )(a) | — | — | 310,000 | 310,000 | 14,802 | — | ||||||||||||||||||||||||||
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$ | 545 | $ | (34 | ) | $ | 791,633 | $ | 18,410 | $ | — | ||||||||||||||||||||||||||
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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. |
Fair Value Hierarchy as of Period End
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 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
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Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock Future Tech ETF |
Fair Value Hierarchy as of Period End (continued)
inputs used by the 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.
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Investments | ||||||||||||||||
Long-Term Investments | ||||||||||||||||
Common Stocks | $ | 5,896,546 | $ | 4,925,689 | $ | — | $ | 10,822,235 | ||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 791,633 | — | — | 791,633 | ||||||||||||
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$ | 6,688,179 | $ | 4,925,689 | $ | — | $ | 11,613,868 | |||||||||
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Portfolio Abbreviation | ||
ADR | American Depositary Receipt | |
JSC | Joint Stock Company | |
NVS | Non-Voting Shares |
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