Schedule of Investments (unaudited) October 31, 2023 | BlackRock U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks | ||||||||
Aerospace & Defense — 0.3% | ||||||||
Howmet Aerospace Inc. | 71,939 | $ | 3,172,510 | |||||
Raytheon Technologies Corp. | 20,176 | 1,642,125 | ||||||
|
| |||||||
4,814,635 | ||||||||
Air Freight & Logistics — 0.6% | ||||||||
CH Robinson Worldwide Inc. | 11,481 | 939,490 | ||||||
Expeditors International of Washington Inc. | 37,444 | 4,090,757 | ||||||
FedEx Corp. | 5,254 | 1,261,485 | ||||||
United Parcel Service Inc., Class B | 20,874 | 2,948,453 | ||||||
|
| |||||||
9,240,185 | ||||||||
Automobile Components — 0.0% | ||||||||
Aptiv PLC(a) | 2,623 | 228,726 | ||||||
|
| |||||||
Automobiles — 1.8% | ||||||||
General Motors Co. | 125,948 | 3,551,733 | ||||||
Lucid Group Inc.(a)(b) | 77,616 | 319,778 | ||||||
Rivian Automotive Inc., Class A(a)(b) | 15,208 | 246,674 | ||||||
Tesla Inc.(a) | 109,045 | 21,900,598 | ||||||
|
| |||||||
26,018,783 | ||||||||
Banks — 2.8% | ||||||||
Bank OZK | 13,799 | 494,142 | ||||||
Citigroup Inc. | 141,065 | 5,570,657 | ||||||
Citizens Financial Group Inc. | 128,215 | 3,004,077 | ||||||
Commerce Bancshares Inc. | 8,457 | 370,924 | ||||||
East West Bancorp. Inc. | 16,141 | 865,480 | ||||||
Fifth Third Bancorp | 126,902 | 3,008,846 | ||||||
FNB Corp. | 141,781 | 1,515,639 | ||||||
Huntington Bancshares Inc./OH | 157,388 | 1,518,794 | ||||||
JPMorgan Chase & Co. | 113,708 | 15,812,235 | ||||||
KeyCorp. | 288,007 | 2,943,432 | ||||||
M&T Bank Corp. | 31,813 | 3,586,916 | ||||||
NU Holdings Ltd.(a) | 39,743 | 325,893 | ||||||
U.S. Bancorp | 48,179 | 1,535,947 | ||||||
Wells Fargo & Co. | 15,216 | 605,140 | ||||||
|
| |||||||
41,158,122 | ||||||||
Beverages — 2.3% | ||||||||
Coca-Cola Co. (The) | 348,492 | 19,686,313 | ||||||
Keurig Dr Pepper Inc. | 104,867 | 3,180,616 | ||||||
Molson Coors Beverage Co., Class B | 26,497 | 1,530,732 | ||||||
Monster Beverage Corp.(a) | 25,043 | 1,279,697 | ||||||
PepsiCo Inc. | 46,911 | 7,659,628 | ||||||
|
| |||||||
33,336,986 | ||||||||
Biotechnology — 2.4% | ||||||||
AbbVie Inc. | 115,784 | 16,346,385 | ||||||
Amgen Inc. | 23,134 | 5,915,364 | ||||||
Gilead Sciences Inc. | 30,178 | 2,370,180 | ||||||
Moderna Inc.(a) | 9,825 | 746,307 | ||||||
Regeneron Pharmaceuticals Inc.(a) | 8,186 | 6,384,179 | ||||||
Seagen Inc.(a) | 2,773 | 590,122 | ||||||
Vertex Pharmaceuticals Inc.(a) | 6,978 | 2,526,804 | ||||||
|
| |||||||
34,879,341 | ||||||||
Broadline Retail — 3.2% | ||||||||
Amazon.com Inc.(a) | 339,099 | 45,130,686 | ||||||
Etsy Inc.(a) | 22,159 | 1,380,506 | ||||||
|
| |||||||
46,511,192 | ||||||||
Building Products — 1.4% | ||||||||
A O Smith Corp. | 31,257 | 2,180,488 | ||||||
Builders FirstSource Inc.(a) | 19,323 | 2,096,932 | ||||||
Carrier Global Corp. | 34,329 | 1,636,120 | ||||||
Fortune Brands Home & Security Inc., NVS | 13,517 | 754,249 |
Security | Shares | Value | ||||||
Building Products (continued) | ||||||||
Johnson Controls International PLC | 66,798 | $ | 3,274,438 | |||||
Masco Corp. | 17,013 | 886,207 | ||||||
Owens Corning | 10,966 | 1,243,216 | ||||||
Trane Technologies PLC | 46,313 | 8,813,827 | ||||||
|
| |||||||
20,885,477 | ||||||||
Capital Markets — 3.2% | ||||||||
Bank of New York Mellon Corp. (The) | 109,679 | 4,661,358 | ||||||
Blackstone Inc., NVS | 12,615 | 1,164,995 | ||||||
Cboe Global Markets Inc. | 4,196 | 687,682 | ||||||
Charles Schwab Corp. (The) | 78,177 | 4,068,331 | ||||||
CME Group Inc. | 13,990 | 2,986,305 | ||||||
Coinbase Global Inc., Class A(a) | 6,759 | 521,254 | ||||||
FactSet Research Systems Inc. | 5,182 | 2,238,054 | ||||||
Goldman Sachs Group Inc. (The) | 32,837 | 9,969,642 | ||||||
Interactive Brokers Group Inc., Class A | 9,281 | 743,130 | ||||||
Janus Henderson Group PLC | 25,066 | 578,273 | ||||||
KKR & Co. Inc. | 20,365 | 1,128,221 | ||||||
LPL Financial Holdings Inc. | 19,443 | 4,365,342 | ||||||
Moody’s Corp. | 1,204 | 370,832 | ||||||
MSCI Inc., Class A | 7,291 | 3,438,071 | ||||||
Nasdaq Inc. | 67,687 | 3,357,275 | ||||||
Raymond James Financial Inc. | 11,647 | 1,111,590 | ||||||
S&P Global Inc. | 4,839 | 1,690,311 | ||||||
State Street Corp. | 65,148 | 4,210,515 | ||||||
XP Inc., Class A | 11,032 | 220,640 | ||||||
|
| |||||||
47,511,821 | ||||||||
Chemicals — 1.8% | ||||||||
Air Products and Chemicals Inc. | 2,914 | 823,030 | ||||||
Albemarle Corp. | 2,226 | 282,212 | ||||||
Axalta Coating Systems Ltd.(a) | 11,479 | 301,094 | ||||||
CF Industries Holdings Inc. | 2,348 | 187,323 | ||||||
Ecolab Inc. | 51,328 | 8,609,759 | ||||||
Element Solutions Inc. | 76,847 | 1,400,921 | ||||||
Linde PLC | 21,416 | 8,184,339 | ||||||
PPG Industries Inc. | 17,824 | 2,188,253 | ||||||
RPM International Inc. | 20,179 | 1,841,737 | ||||||
Sherwin-Williams Co. (The) | 10,614 | 2,528,361 | ||||||
|
| |||||||
26,347,029 | ||||||||
Commercial Services & Supplies — 0.7% | ||||||||
Republic Services Inc., Class A | 11,846 | 1,759,013 | ||||||
Tetra Tech Inc. | 1,063 | 160,417 | ||||||
Waste Management Inc. | 52,787 | 8,674,488 | ||||||
|
| |||||||
10,593,918 | ||||||||
Communications Equipment — 1.2% | ||||||||
Arista Networks Inc.(a) | 7,162 | 1,435,050 | ||||||
Cisco Systems Inc. | 290,224 | 15,129,377 | ||||||
Motorola Solutions Inc. | 1,419 | 395,135 | ||||||
|
| |||||||
16,959,562 | ||||||||
Construction & Engineering — 0.1% | ||||||||
AECOM | 20,659 | 1,581,446 | ||||||
MasTec Inc.(a) | 8,417 | 500,307 | ||||||
|
| |||||||
2,081,753 | ||||||||
Consumer Finance — 0.1% | ||||||||
Ally Financial Inc. | 34,902 | 844,279 | ||||||
|
| |||||||
Consumer Staples Distribution & Retail — 1.9% | ||||||||
Costco Wholesale Corp. | 16,973 | 9,376,564 | ||||||
Kroger Co. (The) | 32,728 | 1,484,869 | ||||||
Target Corp. | 35,923 | 3,979,909 | ||||||
Walgreens Boots Alliance Inc. | 99,820 | 2,104,206 |
1 |
Schedule of Investments (unaudited) (continued) October 31, 2023 | BlackRock U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Consumer Staples Distribution & Retail (continued) | ||||||||
Walmart Inc. | 62,602 | $ | 10,229,793 | |||||
|
| |||||||
27,175,341 | ||||||||
Containers & Packaging — 0.4% | ||||||||
Avery Dennison Corp. | 10,416 | 1,813,113 | ||||||
Ball Corp. | 45,583 | 2,194,821 | ||||||
Berry Global Group Inc. | 12,962 | 712,910 | ||||||
Crown Holdings Inc. | 11,848 | 954,949 | ||||||
Graphic Packaging Holding Co. | 27,903 | 600,194 | ||||||
|
| |||||||
6,275,987 | ||||||||
Diversified Consumer Services — 0.3% | ||||||||
Bright Horizons Family Solutions Inc.(a)(b) | 5,668 | 419,772 | ||||||
Grand Canyon Education Inc.(a) | 7,623 | 902,030 | ||||||
H&R Block Inc. | 31,986 | 1,313,025 | ||||||
Service Corp. International | 27,031 | 1,471,027 | ||||||
|
| |||||||
4,105,854 | ||||||||
Diversified Telecommunication Services — 0.7% | ||||||||
AT&T Inc. | 267,165 | 4,114,341 | ||||||
Frontier Communications Parent Inc.(a)(b) | 7,254 | 129,992 | ||||||
Iridium Communications Inc. | 17,529 | 649,449 | ||||||
Verizon Communications Inc. | 132,901 | 4,668,812 | ||||||
|
| |||||||
9,562,594 | ||||||||
Electric Utilities — 1.4% | ||||||||
Avangrid Inc. | 75,187 | 2,245,836 | ||||||
Edison International | 85,768 | 5,408,530 | ||||||
Eversource Energy | 79,733 | 4,288,838 | ||||||
Exelon Corp. | 96,124 | 3,743,068 | ||||||
Hawaiian Electric Industries Inc. | 3,940 | 51,141 | ||||||
NextEra Energy Inc. | 69,649 | 4,060,537 | ||||||
|
| |||||||
19,797,950 | ||||||||
Electrical Equipment — 1.6% | ||||||||
Acuity Brands Inc. | 24,869 | 4,028,032 | ||||||
AMETEK Inc. | 21,461 | 3,021,065 | ||||||
Eaton Corp. PLC | 33,561 | 6,977,668 | ||||||
Emerson Electric Co. | 12,925 | 1,149,937 | ||||||
Rockwell Automation Inc. | 27,135 | 7,131,349 | ||||||
Sunrun Inc.(a)(b) | 41,120 | 396,808 | ||||||
Vertiv Holdings Co., Class A | 13,181 | 517,618 | ||||||
|
| |||||||
23,222,477 | ||||||||
Electronic Equipment, Instruments & Components — 0.1% | ||||||||
Jabil Inc. | 2,477 | 304,176 | ||||||
Trimble Inc.(a) | 13,585 | 640,261 | ||||||
|
| |||||||
944,437 | ||||||||
Energy Equipment & Services — 0.3% | ||||||||
Baker Hughes Co., Class A | 142,899 | 4,918,584 | ||||||
|
| |||||||
Entertainment — 1.2% | ||||||||
AMC Entertainment Holdings Inc., Class A(a) | 4,377 | 46,746 | ||||||
Liberty Media Corp.-Liberty Formula One, NVS(a) | 27,919 | 1,806,080 | ||||||
Liberty Media Corp.-Liberty Formula One, NVS | 3,687 | 212,187 | ||||||
Liberty Media Corp-Liberty Live, NVS(a) | 8,921 | 284,312 | ||||||
Liberty Media Corp-Liberty Live, NVS | 7,969 | 248,951 | ||||||
Live Nation Entertainment Inc.(a) | 14,379 | 1,150,608 | ||||||
Madison Square Garden Sports Corp.(a) | 5,329 | 896,018 | ||||||
Netflix Inc.(a) | 12,969 | 5,339,208 | ||||||
Spotify Technology SA(a) | 8,960 | 1,476,250 | ||||||
Walt Disney Co. (The)(a) | 56,214 | 4,586,500 | ||||||
Warner Bros. Discovery Inc.(a) | 97,789 | 972,023 | ||||||
|
| |||||||
17,018,883 | ||||||||
Financial Services — 4.4% | ||||||||
Berkshire Hathaway Inc., Class B(a) | 61,965 | 21,150,513 |
Security | Shares | Value | ||||||
Financial Services (continued) | ||||||||
Block Inc.(a) | 11,679 | $ | 470,080 | |||||
Mastercard Inc., Class A | 60,618 | 22,813,584 | ||||||
MGIC Investment Corp. | 12,309 | 207,284 | ||||||
PayPal Holdings Inc.(a) | 80,551 | 4,172,542 | ||||||
Visa Inc., Class A | 65,247 | 15,339,570 | ||||||
|
| |||||||
64,153,573 | ||||||||
Food Products — 0.7% | ||||||||
Archer-Daniels-Midland Co. | 15,443 | 1,105,255 | ||||||
Darling Ingredients Inc.(a) | 27,634 | 1,223,910 | ||||||
General Mills Inc. | 16,962 | 1,106,601 | ||||||
Kellogg Co. | 34,189 | 1,725,519 | ||||||
Lamb Weston Holdings Inc. | 13,199 | 1,185,270 | ||||||
McCormick & Co. Inc./MD, NVS | 11,507 | 735,297 | ||||||
Mondelez International Inc., Class A | 49,498 | 3,277,263 | ||||||
Tyson Foods Inc., Class A | 4,134 | 191,611 | ||||||
WK Kellogg Co.(a) | 8,585 | 86,022 | ||||||
|
| |||||||
10,636,748 | ||||||||
Gas Utilities — 0.0% | ||||||||
UGI Corp. | 4,546 | 94,557 | ||||||
|
| |||||||
Ground Transportation — 0.7% | ||||||||
CSX Corp. | 162,354 | 4,846,267 | ||||||
JB Hunt Transport Services Inc. | 18,435 | 3,168,423 | ||||||
Landstar System Inc. | 1,243 | 204,822 | ||||||
Norfolk Southern Corp. | 7,394 | 1,410,701 | ||||||
Uber Technologies Inc.(a) | 22,778 | 985,832 | ||||||
Union Pacific Corp. | 1,192 | 247,471 | ||||||
|
| |||||||
10,863,516 | ||||||||
Health Care Equipment & Supplies — 3.1% | ||||||||
Abbott Laboratories | 154,305 | 14,589,538 | ||||||
Baxter International Inc. | 22,473 | 728,799 | ||||||
Becton Dickinson and Co. | 21,038 | 5,317,986 | ||||||
DENTSPLY SIRONA Inc. | 83,371 | 2,535,312 | ||||||
Dexcom Inc.(a) | 15,388 | 1,366,916 | ||||||
Edwards Lifesciences Corp.(a) | 51,310 | 3,269,473 | ||||||
Hologic Inc.(a) | 49,218 | 3,256,755 | ||||||
ICU Medical Inc.(a) | 2,387 | 234,069 | ||||||
IDEXX Laboratories Inc.(a) | 5,833 | 2,330,109 | ||||||
Insulet Corp.(a) | 9,516 | 1,261,536 | ||||||
Intuitive Surgical Inc.(a) | 21,515 | 5,641,663 | ||||||
Medtronic PLC | 55,525 | 3,917,844 | ||||||
ResMed Inc. | 4,850 | 684,917 | ||||||
|
| |||||||
45,134,917 | ||||||||
Health Care Providers & Services — 2.5% | ||||||||
Cardinal Health Inc. | 42,304 | 3,849,664 | ||||||
Centene Corp.(a) | 38,298 | 2,641,796 | ||||||
Cigna Group (The) | 13,279 | 4,105,867 | ||||||
CVS Health Corp. | 61,230 | 4,225,482 | ||||||
Elevance Health Inc. | 14,919 | 6,714,893 | ||||||
HCA Healthcare Inc. | 5,535 | 1,251,685 | ||||||
UnitedHealth Group Inc. | 24,473 | 13,106,760 | ||||||
|
| |||||||
35,896,147 | ||||||||
Health Care REITs — 0.1% | ||||||||
Healthpeak Properties Inc. | 14,812 | 230,327 | ||||||
Ventas Inc. | 42,990 | 1,825,355 | ||||||
|
| |||||||
2,055,682 | ||||||||
Hotel & Resort REITs — 0.0% | ||||||||
Host Hotels & Resorts Inc. | 16,565 | 256,426 | ||||||
|
| |||||||
Hotels, Restaurants & Leisure — 1.9% | ||||||||
Airbnb Inc., Class A(a)(b) | 15,122 | 1,788,781 |
2 |
Schedule of Investments (unaudited) (continued) October 31, 2023 | BlackRock U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Hotels, Restaurants & Leisure (continued) | ||||||||
Booking Holdings Inc.(a) | 3,468 | $ | 9,674,194 | |||||
Boyd Gaming Corp. | 68,358 | 3,776,779 | ||||||
Caesars Entertainment Inc.(a) | 14,884 | 593,723 | ||||||
Chipotle Mexican Grill Inc., Class A(a) | 806 | 1,565,413 | ||||||
Choice Hotels International Inc.(b) | 4,317 | 477,029 | ||||||
DoorDash Inc., Class A(a) | 2,220 | 166,389 | ||||||
Expedia Group Inc.(a) | 24,892 | 2,371,959 | ||||||
McDonald’s Corp. | 7,567 | 1,983,840 | ||||||
Planet Fitness Inc., Class A(a)(b) | 6,879 | 380,202 | ||||||
Royal Caribbean Cruises Ltd.(a) | 17,337 | 1,468,964 | ||||||
Starbucks Corp. | 23,407 | 2,159,062 | ||||||
Wendy’s Co. (The) | 16,883 | 321,115 | ||||||
Wynn Resorts Ltd. | 5,399 | 473,924 | ||||||
|
| |||||||
27,201,374 | ||||||||
Household Durables — 0.3% | ||||||||
Mohawk Industries Inc.(a) | 8,425 | 677,202 | ||||||
Whirlpool Corp. | 35,584 | 3,720,663 | ||||||
|
| |||||||
4,397,865 | ||||||||
Household Products — 0.9% | ||||||||
Church & Dwight Co. Inc. | 41,348 | 3,760,187 | ||||||
Procter & Gamble Co. (The) | 62,388 | 9,360,072 | ||||||
|
| |||||||
13,120,259 | ||||||||
Independent Power and Renewable Electricity Producers — 0.0% | ||||||||
Brookfield Renewable Corp., Class A | 28,005 | 637,394 | ||||||
|
| |||||||
Industrial Conglomerates — 0.6% | ||||||||
3M Co. | 56,769 | 5,163,141 | ||||||
General Electric Co. | 37,950 | 4,122,508 | ||||||
|
| |||||||
9,285,649 | ||||||||
Industrial REITs — 0.4% | ||||||||
Prologis Inc. | 49,394 | 4,976,445 | ||||||
Rexford Industrial Realty Inc. | 26,612 | 1,150,703 | ||||||
|
| |||||||
6,127,148 | ||||||||
Insurance — 2.5% | ||||||||
Aflac Inc. | 80,490 | 6,287,074 | ||||||
Allstate Corp. (The) | 8,902 | 1,140,613 | ||||||
American Financial Group Inc./OH | 4,160 | 454,938 | ||||||
Aon PLC, Class A | 15,337 | 4,745,268 | ||||||
Arch Capital Group Ltd.(a) | 50,690 | 4,393,809 | ||||||
Assurant Inc. | 1,231 | 183,296 | ||||||
Assured Guaranty Ltd. | 11,584 | 722,842 | ||||||
Axis Capital Holdings Ltd. | 17,363 | 991,427 | ||||||
Cincinnati Financial Corp. | 8,541 | �� | 851,281 | |||||
Everest Re Group Ltd. | 5,018 | 1,985,221 | ||||||
Globe Life Inc. | 12,693 | 1,476,958 | ||||||
Hartford Financial Services Group Inc. (The) | 8,489 | 623,517 | ||||||
Marsh & McLennan Companies Inc. | 15,529 | 2,945,075 | ||||||
Principal Financial Group Inc. | 67,896 | 4,595,201 | ||||||
Prudential Financial Inc. | 47,119 | 4,308,561 | ||||||
Reinsurance Group of America Inc. | 2,675 | 399,832 | ||||||
RenaissanceRe Holdings Ltd. | 1,688 | 370,668 | ||||||
|
| |||||||
36,475,581 | ||||||||
Interactive Media & Services — 5.7% | ||||||||
Alphabet Inc., Class A(a) | 243,032 | 30,155,410 | ||||||
Alphabet Inc., Class C, NVS(a) | 212,730 | 26,655,069 | ||||||
IAC/InterActiveCorp.(a) | 3,991 | 169,817 | ||||||
Match Group Inc.(a) | 17,551 | 607,265 | ||||||
Meta Platforms Inc, Class A(a) | 88,215 | 26,576,533 | ||||||
|
| |||||||
84,164,094 |
Security | Shares | Value | ||||||
IT Services — 1.9% | ||||||||
Accenture PLC, Class A | 60,922 | $ | 18,099,317 | |||||
Akamai Technologies Inc.(a) | 2,452 | 253,365 | ||||||
Cloudflare Inc., Class A(a) | 10,240 | 580,506 | ||||||
Cognizant Technology Solutions Corp., Class A | 15,891 | 1,024,493 | ||||||
DXC Technology Co.(a) | 30,642 | 618,049 | ||||||
EPAM Systems Inc.(a) | 1,153 | 250,858 | ||||||
Gartner Inc.(a) | 1,107 | 367,568 | ||||||
International Business Machines Corp. | 35,934 | 5,197,494 | ||||||
Okta Inc.(a) | 11,044 | 744,476 | ||||||
Snowflake Inc., Class A(a) | 2,399 | 348,167 | ||||||
|
| |||||||
27,484,293 | ||||||||
Leisure Products — 0.1% | ||||||||
Hasbro Inc. | 15,032 | 678,695 | ||||||
Polaris Inc. | 4,544 | 392,692 | ||||||
YETI Holdings Inc.(a) | 7,285 | 309,758 | ||||||
|
| |||||||
1,381,145 | ||||||||
Life Sciences Tools & Services — 1.1% | ||||||||
Agilent Technologies Inc. | 17,483 | 1,807,218 | ||||||
Illumina Inc.(a) | 13,601 | 1,488,221 | ||||||
Mettler-Toledo International Inc.(a) | 2,655 | 2,615,706 | ||||||
QIAGEN NV(a) | 34,858 | 1,304,735 | ||||||
Revvity Inc.(b) | 19,208 | 1,591,383 | ||||||
Thermo Fisher Scientific Inc. | 15,242 | 6,779,184 | ||||||
|
| |||||||
15,586,447 | ||||||||
Machinery — 1.6% | ||||||||
AGCO Corp. | 3,778 | 433,186 | ||||||
Caterpillar Inc. | 18,265 | 4,128,803 | ||||||
CNH Industrial NV | 121,242 | 1,331,237 | ||||||
Cummins Inc. | 15,274 | 3,303,766 | ||||||
Deere & Co. | 6,460 | 2,360,226 | ||||||
IDEX Corp. | 1,857 | 355,448 | ||||||
Illinois Tool Works Inc. | 2,942 | 659,361 | ||||||
Ingersoll Rand Inc. | 21,582 | 1,309,596 | ||||||
Middleby Corp. (The)(a) | 1,997 | 225,401 | ||||||
Oshkosh Corp. | 2,002 | 175,635 | ||||||
Otis Worldwide Corp. | 8,222 | 634,821 | ||||||
Stanley Black & Decker Inc. | 5,700 | 484,785 | ||||||
Westinghouse Air Brake Technologies Corp. | 14,140 | 1,499,123 | ||||||
Xylem Inc./NY | 69,040 | 6,458,002 | ||||||
|
| |||||||
23,359,390 | ||||||||
Marine Transportation — 0.1% | ||||||||
Kirby Corp.(a) | 26,435 | 1,974,694 | ||||||
|
| |||||||
Media — 0.6% | ||||||||
Comcast Corp., Class A | 124,147 | 5,126,030 | ||||||
Liberty Media Corp.-Liberty SiriusXM, NVS(a) | 32,002 | 785,649 | ||||||
Liberty Media Corp.-Liberty SiriusXM, NVS | 41,157 | 1,007,935 | ||||||
New York Times Co. (The), Class A | 10,240 | 412,774 | ||||||
Omnicom Group Inc. | 3,139 | 235,143 | ||||||
Paramount Global, Class B, NVS | 48,640 | 529,203 | ||||||
Trade Desk Inc. (The), Class A(a) | 3,840 | 272,486 | ||||||
|
| |||||||
8,369,220 | ||||||||
Metals & Mining — 0.5% | ||||||||
Freeport-McMoRan Inc. | 78,088 | 2,637,813 | ||||||
Newmont Corp. | 17,466 | 654,451 | ||||||
Nucor Corp. | 16,636 | 2,458,635 | ||||||
Reliance Steel & Aluminum Co. | 1,009 | 256,669 | ||||||
Royal Gold Inc. | 5,509 | 574,754 | ||||||
Steel Dynamics Inc. | 6,838 | 728,315 | ||||||
|
| |||||||
7,310,637 |
3 |
Schedule of Investments (unaudited) (continued) October 31, 2023 | BlackRock U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Mortgage Real Estate Investment — 0.0% | ||||||||
AGNC Investment Corp. | 13,725 | $ | 101,290 | |||||
Annaly Capital Management Inc. | 27,672 | 431,960 | ||||||
|
| |||||||
533,250 | ||||||||
Multi-Utilities — 0.8% | ||||||||
Consolidated Edison Inc. | 70,972 | 6,230,632 | ||||||
Public Service Enterprise Group Inc. | 62,674 | 3,863,852 | ||||||
Sempra Energy | 30,509 | 2,136,545 | ||||||
|
| |||||||
12,231,029 | ||||||||
Office REITs — 0.4% | ||||||||
Alexandria Real Estate Equities Inc. | 1,778 | 165,585 | ||||||
Boston Properties Inc. | 42,011 | 2,250,529 | ||||||
Cousins Properties Inc. | 30,647 | 547,662 | ||||||
Highwoods Properties Inc. | 16,366 | 292,788 | ||||||
Kilroy Realty Corp. | 77,608 | 2,218,036 | ||||||
Vornado Realty Trust | 11,799 | 226,541 | ||||||
|
| |||||||
5,701,141 | ||||||||
Oil, Gas & Consumable Fuels — 4.0% | ||||||||
Antero Midstream Corp. | 14,981 | 184,866 | ||||||
Antero Resources Corp.(a) | 26,052 | 766,971 | ||||||
Cheniere Energy Inc. | 1,274 | 212,019 | ||||||
Chevron Corp. | 83,254 | 12,132,605 | ||||||
ConocoPhillips | 107,244 | 12,740,587 | ||||||
Diamondback Energy Inc. | 20,612 | 3,304,516 | ||||||
EOG Resources Inc. | 19,760 | 2,494,700 | ||||||
Exxon Mobil Corp. | 112,057 | 11,861,233 | ||||||
Marathon Oil Corp. | 80,060 | 2,186,439 | ||||||
Marathon Petroleum Corp. | 13,629 | 2,061,386 | ||||||
Occidental Petroleum Corp. | 25,251 | 1,560,764 | ||||||
ONEOK Inc. | 54,343 | 3,543,164 | ||||||
Ovintiv Inc. | 14,507 | 696,336 | ||||||
Phillips 66 | 32,196 | 3,672,598 | ||||||
Range Resources Corp. | 8,455 | 303,027 | ||||||
Targa Resources Corp. | 7,680 | 642,125 | ||||||
|
| |||||||
58,363,336 | ||||||||
Paper & Forest Products — 0.0% | ||||||||
Louisiana-Pacific Corp. | 7,812 | 400,599 | ||||||
|
| |||||||
Passenger Airlines — 0.1% | ||||||||
American Airlines Group Inc.(a) | 121,772 | 1,357,758 | ||||||
|
| |||||||
Personal Care Products — 0.3% | ||||||||
Estee Lauder Companies Inc. (The), Class A | 32,256 | 4,156,831 | ||||||
|
| |||||||
Pharmaceuticals — 4.4% | ||||||||
Bristol-Myers Squibb Co. | 51,063 | 2,631,277 | ||||||
Catalent Inc.(a) | 10,952 | 376,639 | ||||||
Eli Lilly & Co. | 35,082 | 19,432,972 | ||||||
Johnson & Johnson | 146,054 | 21,665,650 | ||||||
Merck & Co. Inc. | 103,527 | 10,632,223 | ||||||
Pfizer Inc. | 307,271 | 9,390,202 | ||||||
Zoetis Inc. | 2,426 | 380,882 | ||||||
|
| |||||||
64,509,845 | ||||||||
Professional Services — 1.0% | ||||||||
Automatic Data Processing Inc. | 22,040 | 4,809,569 | ||||||
Broadridge Financial Solutions Inc. | 16,713 | 2,851,906 | ||||||
FTI Consulting Inc.(a)(b) | 5,196 | 1,102,903 | ||||||
Jacobs Solutions Inc., NVS | 3,141 | 418,695 | ||||||
Paychex Inc. | 6,755 | 750,143 | ||||||
Verisk Analytics Inc., Class A | 22,851 | 5,195,403 | ||||||
|
| |||||||
15,128,619 |
Security | Shares | Value | ||||||
Real Estate Management & Development — 0.0% | ||||||||
Jones Lang LaSalle Inc.(a) | 936 | $ | 119,733 | |||||
|
| |||||||
Retail REITs — 0.6% | ||||||||
Brixmor Property Group Inc. | 13,377 | 278,108 | ||||||
Federal Realty Investment Trust | 37,203 | 3,392,542 | ||||||
Regency Centers Corp. | 33,242 | 2,003,163 | ||||||
Simon Property Group Inc. | 27,379 | 3,008,678 | ||||||
|
| |||||||
8,682,491 | ||||||||
Semiconductors & Semiconductor Equipment — 6.2% | ||||||||
Advanced Micro Devices Inc.(a) | 56,140 | 5,529,790 | ||||||
Analog Devices Inc. | 5,378 | 846,121 | ||||||
Applied Materials Inc. | 22,319 | 2,953,920 | ||||||
Broadcom Inc. | 16,919 | 14,235,139 | ||||||
Enphase Energy Inc.(a) | 8,207 | 653,113 | ||||||
Entegris Inc. | 5,987 | 527,096 | ||||||
First Solar Inc.(a) | 11,643 | 1,658,545 | ||||||
GLOBALFOUNDRIES Inc.(a) | 6,773 | 336,076 | ||||||
Intel Corp. | 105,383 | 3,846,480 | ||||||
KLA Corp. | 9,069 | 4,259,709 | ||||||
Lam Research Corp. | 1,499 | 881,742 | ||||||
Marvell Technology Inc. | 31,145 | 1,470,667 | ||||||
Microchip Technology Inc. | 16,601 | 1,183,485 | ||||||
Nvidia Corp. | 91,101 | 37,150,988 | ||||||
ON Semiconductor Corp.(a) | 44,405 | 2,781,529 | ||||||
Qorvo Inc.(a) | 26,081 | 2,280,001 | ||||||
Skyworks Solutions Inc. | 22,456 | 1,947,833 | ||||||
Texas Instruments Inc. | 32,473 | 4,611,491 | ||||||
Universal Display Corp. | 25,413 | 3,536,981 | ||||||
Wolfspeed Inc.(a) | 2,821 | 95,463 | ||||||
|
| |||||||
90,786,169 | ||||||||
Software — 10.6% | ||||||||
Adobe Inc.(a) | 19,961 | 10,620,450 | ||||||
Autodesk Inc.(a) | 23,786 | 4,700,827 | ||||||
Cadence Design Systems Inc.(a) | 6,570 | 1,575,815 | ||||||
Crowdstrike Holdings Inc., Class A(a) | 4,985 | 881,198 | ||||||
DocuSign Inc., Class A(a) | 6,131 | 238,373 | ||||||
Fortinet Inc.(a) | 87,810 | 5,020,098 | ||||||
Gen Digital Inc. | 100,345 | 1,671,748 | ||||||
Intuit Inc. | 10,515 | 5,204,399 | ||||||
Microsoft Corp. | 291,392 | 98,522,549 | ||||||
New Relic Inc.(a) | 2,123 | 184,000 | ||||||
Oracle Corp. | 70,728 | 7,313,275 | ||||||
Palo Alto Networks Inc.(a)(b) | 20,701 | 5,030,757 | ||||||
Salesforce Inc.(a) | 35,043 | 7,037,686 | ||||||
SentinelOne Inc., Class A(a) | 10,356 | 161,864 | ||||||
Splunk Inc.(a) | 17,132 | 2,521,145 | ||||||
Synopsys Inc.(a) | 742 | 348,325 | ||||||
Teradata Corp.(a) | 4,909 | 209,713 | ||||||
UiPath Inc., Class A(a) | 10,401 | 161,528 | ||||||
VMware Inc., Class A(a) | 8,517 | 1,240,501 | ||||||
Workday Inc., Class A(a) | 12,058 | 2,552,799 | ||||||
Zscaler Inc.(a) | 2,486 | 394,503 | ||||||
|
| |||||||
155,591,553 | ||||||||
Specialized REITs — 1.1% | ||||||||
American Tower Corp. | 25,248 | 4,498,941 | ||||||
Crown Castle Inc. | 10,295 | 957,229 | ||||||
Digital Realty Trust Inc. | 18,117 | 2,253,030 | ||||||
Equinix Inc. | 4,578 | 3,340,292 | ||||||
Weyerhaeuser Co. | 159,940 | 4,588,679 | ||||||
|
| |||||||
15,638,171 |
4 |
Schedule of Investments (unaudited) (continued) October 31, 2023 | BlackRock U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Specialty Retail — 2.1% | ||||||||
Bath & Body Works Inc. | 15,360 | $ | 455,424 | |||||
Best Buy Co. Inc. | 2,928 | 195,649 | ||||||
CarMax Inc.(a)(b) | 22,905 | 1,399,266 | ||||||
Home Depot Inc. (The) | 50,862 | 14,479,903 | ||||||
Lithia Motors Inc., Class A | 4,928 | 1,193,611 | ||||||
Lowe’s Companies Inc. | 26,126 | 4,978,832 | ||||||
Murphy USA Inc. | 904 | 327,872 | ||||||
O’Reilly Automotive Inc.(a) | 271 | 252,149 | ||||||
TJX Companies Inc. (The) | 19,986 | 1,760,167 | ||||||
Tractor Supply Co. | 16,507 | 3,178,588 | ||||||
Valvoline Inc. | 10,089 | 299,340 | ||||||
Wayfair Inc., Class A(a) | 8,826 | 376,076 | ||||||
Williams-Sonoma Inc. | 12,545 | 1,884,761 | ||||||
|
| |||||||
30,781,638 | ||||||||
Technology Hardware, Storage & Peripherals — 7.1% | ||||||||
Apple Inc. | 564,433 | 96,388,223 | ||||||
Hewlett Packard Enterprise Co. | 235,132 | 3,616,330 | ||||||
HP Inc. | 56,702 | 1,492,964 | ||||||
NetApp Inc. | 17,732 | 1,290,535 | ||||||
Western Digital Corp.(a) | 23,040 | 925,056 | ||||||
|
| |||||||
103,713,108 | ||||||||
Textiles, Apparel & Luxury Goods — 0.7% | ||||||||
Deckers Outdoor Corp.(a) | 5,181 | 3,093,368 | ||||||
Nike Inc., Class B | 63,612 | 6,537,405 | ||||||
PVH Corp. | 9,001 | 669,224 | ||||||
VF Corp. | 28,649 | 422,000 | ||||||
|
| |||||||
10,721,997 |
Security | Shares | Value | ||||||
Trading Companies & Distributors — 0.1% | ||||||||
MSC Industrial Direct Co. Inc., Class A | 6,881 | $ | 651,975 | |||||
WW Grainger Inc. | 1,793 | 1,308,585 | ||||||
|
| |||||||
1,960,560 | ||||||||
Total Long-Term Investments — 99.0% | 1,450,778,500 | |||||||
|
| |||||||
Short-Term Securities | ||||||||
Money Market Funds — 1.6% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.54%(c)(d)(e) | 11,240,061 | 11,244,557 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.33%(c)(d) | 12,320,000 | 12,320,000 | ||||||
|
| |||||||
Total Short-Term Securities — 1.6% | 23,564,557 | |||||||
|
| |||||||
Total Investments — 100.6% | 1,474,343,057 | |||||||
Liabilities in Excess of Other Assets — (0.6)% |
| (9,481,979 | ) | |||||
|
| |||||||
Net Assets — 100.0% | $ | 1,464,861,078 | ||||||
|
|
(a) | Non-income producing security. |
(b) | All or a portion of this security is on loan. |
(c) | Affiliate of the Fund. |
(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, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | | Value at 07/31/23 | | | Purchases at Cost | | | Proceeds from Sale | | | Net Realized Gain (Loss) | | | Change in Unrealized Appreciation (Depreciation) | | | Value at 10/31/23 | | | Shares Held at 10/31/23 | | Income | | Capital Gain | | |||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 9,487,737 | $ | 1,755,769 | (a) | $ | — | $ | 334 | $ | 717 | $ | 11,244,557 | 11,240,061 | $ | 32,393 | (b) | $ | — | |||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 18,240,000 | — | (5,920,000 | )(a) | — | — | 12,320,000 | 12,320,000 | 196,499 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | 334 | $ | 717 | $ | 23,564,557 | $ | 228,892 | $ | — | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 | 58 | 12/15/23 | $ | 12,216 | $ | (763,239 | ) | |||||||||
|
|
5 |
Schedule of Investments (unaudited) (continued) October 31, 2023 | BlackRock U.S. Carbon Transition Readiness ETF |
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 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 | $ | 1,450,778,500 | $ | — | $ | — | $ | 1,450,778,500 | ||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 23,564,557 | — | — | 23,564,557 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 1,474,343,057 | $ | — | $ | — | $ | 1,474,343,057 | |||||||||
|
|
|
|
|
|
|
| |||||||||
Derivative Financial Instruments(a) | ||||||||||||||||
Liabilities | ||||||||||||||||
Equity Contracts | $ | (763,239 | ) | $ | — | $ | — | $ | (763,239 | ) | ||||||
|
|
|
|
|
|
|
|
(a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Portfolio Abbreviation | ||||||||||
NVS | Non-Voting Shares |
6 |