Schedule of Investments (unaudited)
April 30, 2024
BlackRock World ex U.S. Carbon Transition Readiness ETF
(Percentages shown are based on Net Assets)
Security | Shares | Value |
Common Stocks | ||
Australia — 5.8% | ||
Aristocrat Leisure Ltd. | 25,996 | $663,418 |
BlueScope Steel Ltd. | 79,583 | 1,161,547 |
Brambles Ltd. | 75,968 | 714,680 |
Cochlear Ltd. | 2,417 | 504,205 |
Commonwealth Bank of Australia | 5,654 | 414,266 |
Fortescue Ltd. | 22,618 | 374,881 |
Goodman Group | 2,117 | 42,763 |
GPT Group (The) | 122,696 | 329,983 |
James Hardie Industries PLC(a) | 2,996 | 102,996 |
Lottery Corp. Ltd. (The) | 72,320 | 225,602 |
Macquarie Group Ltd. | 27,834 | 3,332,802 |
Mineral Resources Ltd. | 5,654 | 256,479 |
Pilbara Minerals Ltd. | 30,353 | 77,276 |
QBE Insurance Group Ltd. | 116,857 | 1,336,723 |
REA Group Ltd. | 3,615 | 414,380 |
Stockland | 265,164 | 751,240 |
Suncorp Group Ltd. | 122,362 | 1,306,877 |
Transurban Group | 341,811 | 2,744,215 |
Westpac Banking Corp. | 37,468 | 622,206 |
Woodside Energy Group Ltd. | 55,537 | 995,057 |
16,371,596 | ||
Austria — 0.3% | ||
Erste Group Bank AG | 8,121 | 378,724 |
Verbund AG | 6,085 | 464,840 |
843,564 | ||
Belgium — 1.2% | ||
Ageas SA/NV | 8,101 | 371,849 |
Anheuser-Busch InBev SA/NV | 10,202 | 609,812 |
UCB SA | 6,880 | 912,358 |
Umicore SA | 64,465 | 1,427,914 |
Warehouses De Pauw CVA | 6,246 | 165,171 |
3,487,104 | ||
Canada — 11.0% | ||
Alimentation Couche-Tard Inc. | 2,918 | 161,728 |
Bank of Nova Scotia (The) | 76,107 | 3,491,750 |
Brookfield Corp., Class A | 24,179 | 969,865 |
Brookfield Renewable Corp., Class A | 21,423 | 497,663 |
CGI Inc.(a) | 13,215 | 1,339,019 |
Enbridge Inc. | 26,049 | 926,233 |
First Quantum Minerals Ltd. | 7,879 | 100,044 |
Fortis Inc./Canada | 4,593 | 180,364 |
Franco-Nevada Corp. | 19,104 | 2,299,724 |
George Weston Ltd. | 724 | 95,280 |
iA Financial Corp. Inc. | 8,257 | 500,584 |
Imperial Oil Ltd. | 28,144 | 1,935,009 |
Intact Financial Corp. | 5,866 | 964,152 |
Ivanhoe Mines Ltd., Class A(a)(b) | 2,766 | 37,492 |
Manulife Financial Corp. | 12,496 | 291,466 |
Northland Power Inc. | 16,101 | 245,728 |
Onex Corp. | 1,668 | 118,341 |
Pan American Silver Corp. | 31,245 | 576,262 |
Parkland Corp. | 11,358 | 349,902 |
Restaurant Brands International Inc. | 15,821 | 1,200,265 |
Royal Bank of Canada | 50,383 | 4,874,523 |
Shopify Inc., Class A(a) | 16,390 | 1,150,687 |
Stantec Inc. | 7,549 | 601,058 |
Sun Life Financial Inc. | 46,793 | 2,389,191 |
TELUS Corp. | 9,820 | 157,716 |
Toronto-Dominion Bank (The) | 39,574 | 2,347,734 |
Wheaton Precious Metals Corp. | 12,033 | 626,889 |
Security | Shares | Value |
Canada (continued) | ||
WSP Global Inc. | 18,463 | $2,801,537 |
31,230,206 | ||
Denmark — 3.4% | ||
Danske Bank A/S | 25,186 | 725,029 |
DSV A/S | 4,222 | 599,817 |
Genmab A/S(a) | 1,219 | 338,431 |
Novo Nordisk A/S | 50,970 | 6,536,505 |
Novonesis (Novozymes) B, Class B | 16,417 | 909,119 |
Orsted A/S(a)(c) | 1,079 | 59,300 |
Vestas Wind Systems A/S(a) | 18,679 | 500,572 |
9,668,773 | ||
Finland — 0.8% | ||
Neste OYJ | 19,717 | 446,967 |
Nordea Bank Abp, New | 3,496 | 40,967 |
Stora Enso OYJ, Class R | 6,420 | 85,518 |
Wartsila OYJ Abp | 89,426 | 1,649,686 |
2,223,138 | ||
France — 11.2% | ||
Airbus SE | 12,046 | 1,982,262 |
Amundi SA(c) | 10,550 | 736,015 |
Arkema SA | 1,242 | 128,158 |
BioMerieux | 4,800 | 510,259 |
Capgemini SE | 4,371 | 918,701 |
Carrefour SA | 37,695 | 634,152 |
Cie. de Saint-Gobain SA | 7,439 | 588,296 |
Covivio SA/France | 2,377 | 118,318 |
Dassault Systemes SE | 17,948 | 704,494 |
Engie SA | 32,248 | 559,845 |
Gecina SA | 544 | 55,543 |
Hermes International SCA | 392 | 938,444 |
Ipsen SA | 2,485 | 302,266 |
Kering SA | 1,326 | 464,722 |
Klepierre SA | 3,129 | 84,021 |
La Francaise des Jeux SAEM(c) | 1,606 | 60,522 |
Legrand SA | 12,210 | 1,254,780 |
L'Oreal SA | 6,597 | 3,093,024 |
LVMH Moet Hennessy Louis Vuitton SE | 5,798 | 4,762,686 |
Publicis Groupe SA | 1,606 | 177,217 |
Remy Cointreau SA | 338 | 32,066 |
Renault SA | 6,201 | 307,156 |
Rexel SA | 5,083 | 131,751 |
Safran SA | 4,593 | 995,910 |
Sanofi SA | 18,006 | 1,778,868 |
Sartorius Stedim Biotech | 467 | 100,576 |
Schneider Electric SE | 18,844 | 4,296,684 |
Sodexo SA | 6,415 | 558,576 |
STMicroelectronics NV | 36,338 | 1,438,435 |
TotalEnergies SE | 43,222 | 3,137,864 |
Vinci SA | 973 | 114,012 |
Vivendi SE | 40,747 | 414,547 |
Worldline SA/France(a)(c) | 23,920 | 248,110 |
31,628,280 | ||
Germany — 6.0% | ||
adidas AG | 504 | 121,456 |
Allianz SE, Registered | 3,760 | 1,067,032 |
Bayerische Motoren Werke AG | 1,767 | 192,513 |
Commerzbank AG | 5,708 | 84,833 |
Daimler Truck Holding AG | 10,984 | 495,337 |
Deutsche Bank AG, Registered | 12,631 | 201,749 |
Deutsche Post AG, Registered | 8,038 | 336,550 |
Deutsche Telekom AG, Registered | 87,316 | 2,000,022 |
1
Schedule of Investments (unaudited)(continued)
April 30, 2024
BlackRock World ex U.S. Carbon Transition Readiness ETF
(Percentages shown are based on Net Assets)
Security | Shares | Value |
Germany (continued) | ||
Heidelberg Materials AG | 1,217 | $122,474 |
Henkel AG & Co. KGaA | 897 | 64,502 |
Mercedes-Benz Group AG | 28,518 | 2,157,127 |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered | 2,765 | 1,216,071 |
Puma SE | 5,486 | 253,294 |
QIAGEN NV, NVS | 14,701 | 613,791 |
Rational AG | 85 | 72,505 |
SAP SE | 16,106 | 2,908,214 |
Siemens AG, Registered | 18,313 | 3,430,638 |
Siemens Energy AG(a) | 3,618 | 74,290 |
Siemens Healthineers AG(c) | 16,187 | 897,690 |
Symrise AG, Class A | 3,546 | 380,102 |
Talanx AG(a) | 388 | 29,183 |
Zalando SE(a)(c) | 11,882 | 310,896 |
17,030,269 | ||
Hong Kong — 1.5% | ||
AIA Group Ltd. | 183,200 | 1,341,821 |
BOC Hong Kong Holdings Ltd. | 17,000 | 52,107 |
Hang Lung Properties Ltd.(b) | 138,000 | 152,312 |
Hang Seng Bank Ltd. | 32,200 | 424,608 |
Hong Kong Exchanges & Clearing Ltd. | 15,300 | 486,149 |
MTR Corp. Ltd. | 145,000 | 476,533 |
Sands China Ltd.(a) | 107,600 | 253,790 |
Sun Hung Kai Properties Ltd. | 69,000 | 636,522 |
Swire Pacific Ltd., Class A | 54,000 | 457,310 |
4,281,152 | ||
Ireland — 0.2% | ||
Bank of Ireland Group PLC | 23,153 | 247,029 |
Smurfit Kappa Group PLC | 5,662 | 245,332 |
492,361 | ||
Israel — 0.3% | ||
Bank Hapoalim BM | 19,514 | 175,790 |
Bank Leumi Le-Israel BM | 16,420 | 127,947 |
CyberArk Software Ltd.(a) | 2,515 | 601,714 |
Nice Ltd.(a) | 198 | 44,275 |
949,726 | ||
Italy — 2.0% | ||
Enel SpA | 337,540 | 2,218,462 |
Intesa Sanpaolo SpA | 394,456 | 1,476,451 |
Stellantis NV | 5,236 | 115,854 |
UniCredit SpA | 51,874 | 1,904,002 |
5,714,769 | ||
Japan — 20.3% | ||
Advantest Corp. | 28,300 | 885,808 |
Aeon Co. Ltd. | 7,500 | 156,812 |
Asahi Group Holdings Ltd. | 3,300 | 112,890 |
Astellas Pharma Inc. | 76,200 | 731,360 |
Azbil Corp. | 29,400 | 821,142 |
Chiba Bank Ltd. (The) | 31,800 | 268,617 |
Chugai Pharmaceutical Co. Ltd. | 12,600 | 400,728 |
Concordia Financial Group Ltd. | 32,300 | 174,037 |
Dai Nippon Printing Co. Ltd. | 32,600 | 949,511 |
Daifuku Co. Ltd. | 18,200 | 372,805 |
Daiichi Sankyo Co. Ltd. | 24,700 | 831,345 |
Daiwa House Industry Co. Ltd. | 27,500 | 773,820 |
Denso Corp. | 116,900 | 1,992,340 |
Dentsu Group Inc. | 4,700 | 127,150 |
Disco Corp. | 300 | 85,454 |
Fast Retailing Co. Ltd. | 100 | 26,147 |
Fuji Electric Co. Ltd. | 8,800 | 547,394 |
Security | Shares | Value |
Japan (continued) | ||
FUJIFILM Holdings Corp. | 61,800 | $1,314,639 |
Fujitsu Ltd. | 42,500 | 656,546 |
Hankyu Hanshin Holdings Inc. | 24,800 | 650,212 |
Hitachi Construction Machinery Co. Ltd. | 21,600 | 616,945 |
Hitachi Ltd. | 21,800 | 2,011,283 |
Honda Motor Co. Ltd. | 279,300 | 3,177,757 |
Ibiden Co. Ltd. | 5,100 | 193,869 |
Japan Real Estate Investment Corp. | 31 | 105,125 |
JFE Holdings Inc. | 10,000 | 149,257 |
Kajima Corp. | 2,500 | 47,893 |
Kao Corp. | 13,300 | 548,654 |
Kawasaki Kisen Kaisha Ltd. | 9,900 | 139,490 |
Kirin Holdings Co. Ltd. | 71,400 | 1,042,268 |
Komatsu Ltd. | 11,800 | 352,303 |
Kubota Corp. | 82,200 | 1,318,465 |
Lasertec Corp. | 1,100 | 237,276 |
LY Corp. | 78,300 | 188,126 |
MatsukiyoCocokara & Co. | 3,000 | 42,542 |
Mazda Motor Corp. | 6,100 | 69,049 |
MEIJI Holdings Co. Ltd. | 3,400 | 76,073 |
Mitsubishi Corp. | 7,700 | 176,096 |
Mitsubishi Electric Corp. | 37,200 | 648,393 |
Mitsubishi Estate Co. Ltd. | 38,400 | 703,669 |
Mitsubishi Heavy Industries Ltd. | 123,500 | 1,104,227 |
Mitsui & Co. Ltd. | 30,200 | 1,457,926 |
Murata Manufacturing Co. Ltd. | 73,700 | 1,346,658 |
NEC Corp. | 4,700 | 340,289 |
Nintendo Co. Ltd. | 23,800 | 1,160,701 |
Nippon Express Holdings Inc. | 9,300 | 475,772 |
Nippon Steel Corp. | 36,200 | 811,565 |
Nippon Yusen KK | 21,100 | 599,039 |
Nissin Foods Holdings Co. Ltd. | 1,300 | 34,691 |
Nitto Denko Corp. | 2,800 | 231,520 |
Nomura Holdings Inc. | 181,700 | 1,033,870 |
Nomura Real Estate Master Fund Inc. | 137 | 130,961 |
Nomura Research Institute Ltd. | 32,800 | 793,691 |
NTT Data Group Corp. | 13,100 | 204,855 |
Olympus Corp. | 43,900 | 611,514 |
Omron Corp. | 25,000 | 858,059 |
Ono Pharmaceutical Co. Ltd. | 17,600 | 253,499 |
Oriental Land Co. Ltd./Japan | 1,100 | 30,351 |
Pan Pacific International Holdings Corp. | 2,200 | 51,669 |
Renesas Electronics Corp. | 25,100 | 407,517 |
Ricoh Co. Ltd. | 11,700 | 100,937 |
SCREEN Holdings Co. Ltd. | 4,500 | 464,297 |
Secom Co. Ltd. | 9,000 | 625,162 |
Sekisui Chemical Co. Ltd. | 79,800 | 1,160,933 |
Seven & i Holdings Co. Ltd. | 41,500 | 536,230 |
SG Holdings Co. Ltd. | 26,800 | 313,696 |
Shimadzu Corp. | 6,400 | 173,876 |
Shin-Etsu Chemical Co. Ltd. | 20,700 | 801,275 |
Shionogi & Co. Ltd. | 900 | 42,031 |
Shiseido Co. Ltd. | 8,900 | 238,237 |
SoftBank Corp. | 24,300 | 293,099 |
SoftBank Group Corp. | 12,900 | 634,430 |
Sony Group Corp. | 12,100 | 1,000,081 |
Sumitomo Metal Mining Co. Ltd. | 23,300 | 778,421 |
Sumitomo Mitsui Financial Group Inc. | 28,500 | 1,618,908 |
Sumitomo Mitsui Trust Holdings Inc. | 117,000 | 2,459,904 |
Sysmex Corp. | 10,300 | 164,701 |
Terumo Corp. | 48,400 | 821,064 |
Tokio Marine Holdings Inc. | 11,500 | 363,473 |
2
Schedule of Investments (unaudited)(continued)
April 30, 2024
BlackRock World ex U.S. Carbon Transition Readiness ETF
(Percentages shown are based on Net Assets)
Security | Shares | Value |
Japan (continued) | ||
Tokyo Electron Ltd. | 7,500 | $1,645,093 |
Tokyo Gas Co. Ltd. | 14,100 | 316,224 |
Toray Industries Inc. | 390,700 | 1,785,780 |
TOTO Ltd. | 10,500 | 284,177 |
Toyota Motor Corp. | 137,600 | 3,138,460 |
Toyota Tsusho Corp. | 3,500 | 222,530 |
Trend Micro Inc./Japan | 2,900 | 142,907 |
Yamaha Corp. | 11,700 | 246,556 |
Yokogawa Electric Corp. | 5,200 | 114,898 |
ZOZO Inc. | 59,100 | 1,272,924 |
57,421,968 | ||
Netherlands — 4.3% | ||
Adyen NV(a)(c) | 227 | 271,946 |
Akzo Nobel NV | 5,614 | 370,423 |
ASML Holding NV | 6,016 | 5,240,012 |
BE Semiconductor Industries NV | 2,021 | 268,134 |
Coca-Cola Europacific Partners PLC | 16,601 | 1,195,604 |
DSM-Firmenich AG | 4,763 | 534,192 |
ING Groep NV | 73,622 | 1,163,983 |
Koninklijke KPN NV | 202,924 | 737,453 |
Koninklijke Philips NV(a) | 53,281 | 1,414,940 |
NN Group NV | 8,908 | 410,934 |
Prosus NV | 12,617 | 422,164 |
Wolters Kluwer NV | 1,085 | 162,432 |
12,192,217 | ||
New Zealand — 0.2% | ||
Mercury NZ Ltd. | 29,930 | 112,519 |
Meridian Energy Ltd. | 109,384 | 386,727 |
499,246 | ||
Norway — 1.0% | ||
Adevinta ASA(a) | 9,096 | 92,856 |
Aker BP ASA | 38,324 | 929,477 |
Equinor ASA | 41,593 | 1,106,722 |
Norsk Hydro ASA | 57,500 | 353,359 |
Orkla ASA | 49,589 | 337,325 |
2,819,739 | ||
Portugal — 1.1% | ||
Galp Energia SGPS SA | 135,067 | 2,901,396 |
Jeronimo Martins SGPS SA | 13,365 | 274,941 |
3,176,337 | ||
Singapore — 1.0% | ||
City Developments Ltd. | 225,800 | 1,012,020 |
DBS Group Holdings Ltd. | 52,470 | 1,335,750 |
Sea Ltd., ADR(a) | 2,178 | 137,628 |
United Overseas Bank Ltd. | 21,300 | 472,664 |
2,958,062 | ||
Spain — 2.6% | ||
Acciona SA | 300 | 34,682 |
Banco Santander SA | 240,149 | 1,168,477 |
Cellnex Telecom SA(c) | 5,059 | 167,224 |
Grifols SA(a) | 15,314 | 140,161 |
Iberdrola SA | 256,970 | 3,150,857 |
Industria de Diseno Textil SA | 56,231 | 2,560,250 |
Repsol SA | 5,482 | 86,046 |
Telefonica SA | 10,779 | 48,285 |
7,355,982 | ||
Sweden — 2.8% | ||
Alfa Laval AB | 24,094 | 1,025,796 |
Atlas Copco AB, Class A | 14,960 | 262,041 |
Atlas Copco AB, Class B | 23,882 | 358,092 |
Security | Shares | Value |
Sweden (continued) | ||
Boliden AB | 30,715 | $1,009,439 |
Epiroc AB | 12,921 | 238,875 |
EQT AB | 42,531 | 1,147,459 |
Evolution AB(c) | 4,484 | 495,415 |
H & M Hennes & Mauritz AB, Class B | 9,450 | 150,206 |
Investment AB Latour, Class B | 28,997 | 698,700 |
Nibe Industrier AB, Class B | 48,417 | 223,407 |
Sagax AB, Class B | 5,630 | 140,987 |
Swedbank AB, Class A | 12,296 | 235,127 |
Swedish Orphan Biovitrum AB(a) | 8,515 | 220,516 |
Tele2 AB, Class B | 162,713 | 1,517,634 |
Telefonaktiebolaget LM Ericsson, Class B | 38,454 | 195,150 |
Volvo Car AB(a) | 46,551 | 144,505 |
8,063,349 | ||
Switzerland — 8.4% | ||
ABB Ltd., Registered | 45,586 | 2,214,952 |
Chocoladefabriken Lindt & Spruengli AG, Participation Certificates, NVS | 12 | 138,227 |
Clariant AG, Registered | 4,313 | 64,526 |
Givaudan SA, Registered | 18 | 76,982 |
Julius Baer Group Ltd. | 1,648 | 88,429 |
Kuehne + Nagel International AG, Registered | 4,528 | 1,196,734 |
Nestle SA, Registered | 49,506 | 4,970,410 |
Novartis AG, Registered | 45,850 | 4,450,085 |
Partners Group Holding AG | 812 | 1,044,692 |
Roche Holding AG, Bearer | 289 | 76,024 |
Roche Holding AG, NVS | 6,929 | 1,660,287 |
SGS SA | 603 | 53,098 |
SIG Group AG | 30,233 | 604,157 |
Sika AG, Registered | 5,378 | 1,529,833 |
Sonova Holding AG, Registered | 5,280 | 1,459,562 |
Swatch Group AG (The), Bearer | 157 | 32,987 |
Swatch Group AG (The), Registered | 8,040 | 333,334 |
Swiss Life Holding AG, Registered | 1,704 | 1,149,784 |
Swiss Re AG | 9,169 | 996,719 |
Swisscom AG, Registered | 972 | 533,246 |
Temenos AG, Registered | 1,700 | 105,753 |
Zurich Insurance Group AG | 1,991 | 963,736 |
23,743,557 | ||
United Kingdom — 13.0% | ||
3i Group PLC | 40,325 | 1,440,709 |
Admiral Group PLC | 2,790 | 94,964 |
Anglo American PLC | 41,802 | 1,365,983 |
Antofagasta PLC | 6,104 | 167,444 |
AstraZeneca PLC | 28,099 | 4,249,942 |
Auto Trader Group PLC(c) | 33,112 | 287,064 |
Aviva PLC | 21,336 | 123,880 |
BAE Systems PLC | 34,047 | 566,277 |
Barclays PLC | 365,678 | 921,981 |
Berkeley Group Holdings PLC | 14,231 | 835,724 |
BP PLC | 336,626 | 2,169,769 |
BT Group PLC | 238,562 | 305,074 |
Coca-Cola HBC AG, Class DI | 2,343 | 75,629 |
Compass Group PLC | 4,892 | 136,065 |
CRH PLC | 20,434 | 1,582,425 |
Croda International PLC | 979 | 56,074 |
Diageo PLC | 96,713 | 3,342,369 |
Flutter Entertainment PLC(a) | 1,279 | 236,946 |
GSK PLC | 111,844 | 2,320,417 |
HSBC Holdings PLC | 495,086 | 4,291,381 |
J Sainsbury PLC | 309,530 | 1,015,313 |
3
Schedule of Investments (unaudited)(continued)
April 30, 2024
BlackRock World ex U.S. Carbon Transition Readiness ETF
(Percentages shown are based on Net Assets)
Security | Shares | Value |
United Kingdom (continued) | ||
JD Sports Fashion PLC | 136,118 | $194,877 |
Land Securities Group PLC | 5,998 | 48,476 |
Lloyds Banking Group PLC | 1,288,515 | 831,585 |
London Stock Exchange Group PLC | 348 | 38,363 |
Mondi PLC, NVS | 12,537 | 237,961 |
NatWest Group PLC, NVS | 85,278 | 321,872 |
Pearson PLC | 6,314 | 76,613 |
Prudential PLC | 49,340 | 429,127 |
Reckitt Benckiser Group PLC | 20,639 | 1,153,865 |
RELX PLC | 63,796 | 2,621,178 |
Rio Tinto PLC | 11,344 | 767,543 |
Rolls-Royce Holdings PLC(a) | 37,451 | 192,050 |
Segro PLC | 36,029 | 378,957 |
Shell PLC | 59,656 | 2,120,687 |
Standard Chartered PLC | 26,732 | 229,669 |
Tesco PLC | 200,042 | 738,569 |
Unilever PLC | 14,910 | 771,306 |
36,738,128 | ||
Total Common Stocks — 98.4% (Cost: $277,018,149) | 278,889,523 | |
Preferred Stocks | ||
Germany — 0.2% | ||
Bayerische Motoren Werke AG, Preference Shares, NVS | 4,926 | 506,155 |
Sartorius AG, Preference Shares, NVS | 141 | 42,153 |
548,308 | ||
Total Preferred Stocks — 0.2% (Cost: $469,998) | 548,308 | |
Total Long-Term Investments — 98.6% (Cost: $277,488,147) | 279,437,831 |
Security | Shares | Value |
Short-Term Securities | ||
Money Market Funds — 0.6% | ||
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.49%(d)(e)(f) | 196,601 | $196,660 |
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.28%(d)(e) | 1,480,000 | 1,480,000 |
Total Short-Term Securities — 0.6% (Cost: $1,676,660) | 1,676,660 | |
Total Investments — 99.2% (Cost: $279,164,807) | 281,114,491 | |
Other Assets Less Liabilities — 0.8% | 2,303,194 | |
Net Assets — 100.0% | $283,417,685 |
(a) | Non-income producing security. |
(b) | All or a portion of this security is on loan. |
(c) | 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. |
(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 ended April 30, 2024 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 Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 04/30/24 | Shares Held at 04/30/24 | Income | Capital Gain Distributions from Underlying Funds |
BlackRock Cash Funds: Institutional, SL Agency Shares | $198,782 | $— | $(2,440 )(a) | $318 | $— | $196,660 | 196,601 | $5,008 (b) | $— |
BlackRock Cash Funds: Treasury, SL Agency Shares | 9,720,000 | — | (8,240,000 )(a) | — | — | 1,480,000 | 1,480,000 | 222,969 | — |
$318 | $— | $1,676,660 | $227,977 | $— |
(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. |
4
Schedule of Investments (unaudited)(continued)
April 30, 2024
BlackRock World ex U.S. Carbon Transition Readiness ETF
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 | ||||
MSCI EAFE Index | 33 | 06/21/24 | $3,741 | $(125,548 ) |
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 | $34,215,731 | $244,673,792 | $— | $278,889,523 |
Preferred Stocks | — | 548,308 | — | 548,308 |
Short-Term Securities | ||||
Money Market Funds | 1,676,660 | — | — | 1,676,660 |
$35,892,391 | $245,222,100 | $— | $281,114,491 | |
Derivative Financial Instruments(a) | ||||
Liabilities | ||||
Equity Contracts | $(125,548 ) | $— | $— | $(125,548 ) |
(a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Portfolio Abbreviation | |
ADR | American Depositary Receipt |
NVS | Non-Voting Shares |
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