| Schedule of Investments (unaudited) October 31, 2021 |
BlackRock World ex U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks |
||||||||
| Australia — 7.0% | ||||||||
| Australia & New Zealand Banking Group Ltd. |
112,144 | $ | 2,386,477 | |||||
| BlueScope Steel Ltd. |
15,485 | 241,970 | ||||||
| Brambles Ltd. |
419,236 | 3,180,614 | ||||||
| Cochlear Ltd. |
37,490 | 6,270,655 | ||||||
| Commonwealth Bank of Australia |
26,895 | 2,131,757 | ||||||
| CSL Ltd. |
16,476 | 3,748,954 | ||||||
| Glencore PLC |
407,663 | 2,038,552 | ||||||
| Goodman Group |
6,031 | 99,855 | ||||||
| Lendlease Corp. Ltd. |
102,527 | 812,240 | ||||||
| Macquarie Group Ltd. |
20,864 | 3,080,132 | ||||||
| Magellan Financial Group Ltd. |
5,542 | 145,788 | ||||||
| National Australia Bank Ltd. |
84,760 | 1,842,850 | ||||||
| Oil Search Ltd. |
76,773 | 248,714 | ||||||
| Qantas Airways Ltd.(a) |
190,710 | 772,383 | ||||||
| QBE Insurance Group Ltd. |
66,667 | 596,898 | ||||||
| Ramsay Health Care Ltd. |
5,379 | 287,487 | ||||||
| Rio Tinto Ltd. |
5,705 | 390,865 | ||||||
| Rio Tinto PLC |
45,151 | 2,815,231 | ||||||
| Seek Ltd. |
72,046 | 1,790,551 | ||||||
| Stockland |
112,470 | 387,677 | ||||||
| Suncorp Group Ltd. |
26,569 | 235,105 | ||||||
| Tabcorp Holdings Ltd. |
205,869 | 775,169 | ||||||
| Treasury Wine Estates Ltd. |
68,297 | 595,927 | ||||||
| Wesfarmers Ltd. |
82,315 | 3,561,418 | ||||||
| Westpac Banking Corp. |
128,933 | 2,508,408 | ||||||
| Woodside Petroleum Ltd. |
36,186 | 632,588 | ||||||
|
|
|
|||||||
| 41,578,265 | ||||||||
| Austria — 0.2% | ||||||||
| Erste Group Bank AG |
9,820 | 421,138 | ||||||
| Verbund AG |
9,128 | 951,523 | ||||||
|
|
|
|||||||
| 1,372,661 | ||||||||
| Belgium — 1.1% | ||||||||
| Ageas SA/NV |
6,357 | 309,253 | ||||||
| Anheuser-Busch InBev SA/NV |
92,584 | 5,663,103 | ||||||
| KBC Group NV |
8,929 | 831,495 | ||||||
|
|
|
|||||||
| 6,803,851 | ||||||||
| Canada — 10.1% | ||||||||
| Alimentation Couche-Tard Inc., Class B |
22,983 | 862,048 | ||||||
| Ballard Power Systems Inc.(a) |
39,283 | 711,957 | ||||||
| Bank of Montreal |
3,586 | 389,343 | ||||||
| Bank of Nova Scotia (The) |
40,587 | 2,660,980 | ||||||
| BlackBerry Ltd.(a) |
24,613 | 265,898 | ||||||
| Brookfield Asset Management Inc., Class A |
144,581 | 8,729,066 | ||||||
| Cameco Corp. |
17,604 | 427,725 | ||||||
| Canadian Imperial Bank of Commerce |
14,181 | 1,720,718 | ||||||
| Enbridge Inc. |
205,054 | 8,589,205 | ||||||
| Franco-Nevada Corp. |
41,565 | 5,930,804 | ||||||
| Hydro One Ltd.(b) |
107,254 | 2,562,622 | ||||||
| iA Financial Corp. Inc. |
4,075 | 241,056 | ||||||
| IGM Financial Inc. |
4,727 | 187,690 | ||||||
| Keyera Corp. |
9,617 | 246,486 | ||||||
| Manulife Financial Corp. |
107,580 | 2,095,793 | ||||||
| National Bank of Canada |
8,150 | 674,733 | ||||||
| Northland Power Inc. |
37,513 | 1,206,078 | ||||||
| Onex Corp. |
2,282 | 170,062 | ||||||
| Open Text Corp. |
15,485 | 780,006 | ||||||
| Parkland Corp. |
6,357 | 184,967 | ||||||
| RioCan REIT |
148,982 | 2,683,265 | ||||||
| Security | Shares | Value | ||||||
| Canada (continued) |
||||||||
| Royal Bank of Canada |
43,358 | $ | 4,513,072 | |||||
| Shopify Inc., Class A(a) |
3,423 | 4,997,923 | ||||||
| Sun Life Financial Inc. |
52,975 | 3,019,010 | ||||||
| TC Energy Corp. |
31,296 | 1,693,008 | ||||||
| Toronto-Dominion Bank (The) |
59,332 | 4,307,035 | ||||||
|
|
|
|||||||
| 59,850,550 | ||||||||
| China — 0.1% | ||||||||
| Futu Holdings Ltd., ADR(a) |
7,009 | 375,122 | ||||||
|
|
|
|||||||
| Denmark — 3.0% | ||||||||
| Carlsberg A/S, Class B |
12,062 | 1,991,627 | ||||||
| DSV A/S |
30,318 | 7,046,425 | ||||||
| Novozymes A/S, Class B |
33,578 | 2,469,958 | ||||||
| Orsted A/S(b) |
11,084 | 1,565,531 | ||||||
| Vestas Wind Systems A/S |
105,950 | 4,580,177 | ||||||
|
|
|
|||||||
| 17,653,718 | ||||||||
| Finland — 1.1% | ||||||||
| Nokia OYJ(a) |
74,328 | 426,606 | ||||||
| Orion OYJ, Class B |
99,919 | 4,326,853 | ||||||
| UPM-Kymmene OYJ |
13,692 | 483,203 | ||||||
| Wartsila OYJ Abp |
97,637 | 1,354,052 | ||||||
|
|
|
|||||||
| 6,590,714 | ||||||||
| France — 8.5% | ||||||||
| Air Liquide SA |
2,282 | 380,998 | ||||||
| Airbus SE(a) |
4,727 | 606,389 | ||||||
| Atos SE |
6,194 | 323,158 | ||||||
| AXA SA |
69,927 | 2,034,385 | ||||||
| BioMerieux |
11,899 | 1,515,558 | ||||||
| BNP Paribas SA |
41,565 | 2,782,245 | ||||||
| Bollore SA |
287,206 | 1,669,299 | ||||||
| Capgemini SE |
10,595 | 2,470,360 | ||||||
| Carrefour SA |
37,164 | 672,812 | ||||||
| Cie. de Saint-Gobain |
19,071 | 1,316,138 | ||||||
| Cie. Generale des Etablissements Michelin SCA |
3,749 | 589,408 | ||||||
| CNP Assurances |
11,247 | 281,795 | ||||||
| Credit Agricole SA |
46,781 | 705,783 | ||||||
| Dassault Systemes SE |
29,992 | 1,751,455 | ||||||
| Electricite de France SA |
43,684 | 643,813 | ||||||
| Gecina SA |
2,445 | 342,150 | ||||||
| Getlink SE |
112,470 | 1,731,039 | ||||||
| Hermes International |
326 | 517,660 | ||||||
| Ipsen SA |
9,291 | 961,562 | ||||||
| Kering SA |
1,630 | 1,223,371 | ||||||
| Klepierre SA |
27,221 | 648,030 | ||||||
| La Francaise des Jeux SAEM(b) |
29,992 | 1,557,347 | ||||||
| Legrand SA |
39,446 | 4,303,165 | ||||||
| L’Oreal SA |
5,053 | 2,311,519 | ||||||
| LVMH Moet Hennessy Louis Vuitton SE |
7,661 | 6,007,155 | ||||||
| Publicis Groupe SA |
5,705 | 382,996 | ||||||
| Remy Cointreau SA |
652 | 131,710 | ||||||
| Renault SA(a) |
10,269 | 370,034 | ||||||
| Sanofi |
40,587 | 4,076,725 | ||||||
| Sartorius Stedim Biotech |
652 | 359,363 | ||||||
| SEB SA |
1,793 | 280,944 | ||||||
| Societe Generale SA |
33,089 | 1,105,302 | ||||||
| Sodexo SA(a) |
815 | 79,291 | ||||||
| Teleperformance |
5,053 | 2,110,697 | ||||||
| TotalEnergies SE |
43,847 | 2,195,636 | ||||||
| Vinci SA |
3,912 | 418,233 | ||||||
| 1 |
| Schedule of Investments (unaudited) (continued) October 31, 2021 |
BlackRock World ex U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| France (continued) |
||||||||
| Vivendi SE |
4,564 | $ | 58,796 | |||||
| Worldline SA(a)(b) |
25,102 | 1,463,852 | ||||||
|
|
|
|||||||
| 50,380,173 | ||||||||
| Germany — 5.8% | ||||||||
| adidas AG |
2,608 | 853,601 | ||||||
| Allianz SE, Registered |
13,040 | 3,028,023 | ||||||
| Bayer AG, Registered |
45,151 | 2,544,604 | ||||||
| Bayerische Motoren Werke AG |
14,833 | 1,498,667 | ||||||
| Bechtle AG |
2,445 | 183,409 | ||||||
| Daimler AG, Registered |
2,608 | 258,876 | ||||||
| Delivery Hero SE(a)(b) |
652 | 81,321 | ||||||
| Deutsche Bank AG, Registered(a) |
53,464 | 686,761 | ||||||
| Deutsche Telekom AG, Registered |
216,138 | 4,019,551 | ||||||
| HeidelbergCement AG |
27,384 | 2,062,150 | ||||||
| HelloFresh SE(a) |
4,727 | 383,071 | ||||||
| Henkel AG & Co. KGaA |
9,128 | 762,300 | ||||||
| Infineon Technologies AG |
62,429 | 2,923,633 | ||||||
| KION Group AG |
4,890 | 534,129 | ||||||
| LANXESS AG |
1,304 | 87,867 | ||||||
| Merck KGaA |
1,630 | 385,209 | ||||||
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered |
3,912 | 1,158,290 | ||||||
| SAP SE |
19,397 | 2,808,901 | ||||||
| Siemens AG, Registered |
37,490 | 6,095,195 | ||||||
| United Internet AG, Registered |
60,636 | 2,237,491 | ||||||
| Volkswagen AG |
1,793 | 582,900 | ||||||
| Zalando SE(a)(b) |
16,300 | 1,540,033 | ||||||
|
|
|
|||||||
| 34,715,982 | ||||||||
| Hong Kong — 2.0% | ||||||||
| AIA Group Ltd. |
521,600 | 5,845,576 | ||||||
| BOC Hong Kong Holdings Ltd. |
244,500 | 774,783 | ||||||
| Budweiser Brewing Co. APAC Ltd.(b) |
570,500 | 1,564,768 | ||||||
| Hang Seng Bank Ltd. |
48,900 | 929,243 | ||||||
| Hong Kong Exchanges & Clearing Ltd |
20,700 | 1,247,003 | ||||||
| Melco Resorts & Entertainment Ltd., ADR(a) |
10,106 | 109,448 | ||||||
| MTR Corp. Ltd. |
73,000 | 398,223 | ||||||
| Swire Pacific Ltd., Class A |
121,500 | 763,821 | ||||||
| WH Group Ltd.(b) |
308,000 | 215,912 | ||||||
| Wynn Macau Ltd.(a) |
195,600 | 174,920 | ||||||
|
|
|
|||||||
| 12,023,697 | ||||||||
| Ireland — 0.1% | ||||||||
| Kerry Group PLC, Class A |
3,423 | 459,406 | ||||||
| Smurfit Kappa Group PLC |
4,238 | 222,142 | ||||||
|
|
|
|||||||
| 681,548 | ||||||||
| Israel — 0.4% | ||||||||
| Bank Hapoalim BM |
22,796 | 224,517 | ||||||
| Bank Leumi Le-Israel BM |
44,662 | 426,717 | ||||||
| Israel Discount Bank Ltd., Class A(a) |
26,080 | 157,581 | ||||||
| Mizrahi Tefahot Bank Ltd. |
3,260 | 118,615 | ||||||
| Nice Ltd.(a) |
3,423 | 967,680 | ||||||
| Teva Pharmaceutical Industries Ltd., ADR(a) |
43,684 | 381,798 | ||||||
|
|
|
|||||||
| 2,276,908 | ||||||||
| Italy — 2.1% | ||||||||
| Amplifon SpA |
29,992 | 1,526,240 | ||||||
| Assicurazioni Generali SpA |
17,115 | 372,682 | ||||||
| Atlantia SpA(a) |
29,829 | 576,546 | ||||||
| CNH Industrial NV |
31,622 | 544,707 | ||||||
| Enel SpA |
766,752 | 6,419,081 | ||||||
| Intesa Sanpaolo SpA |
577,835 | 1,642,309 | ||||||
| Security | Shares | Value | ||||||
| Italy (continued) |
||||||||
| Poste Italiane SpA(b) |
9,780 | $ | 139,676 | |||||
| UniCredit SpA |
114,426 | 1,512,648 | ||||||
|
|
|
|||||||
| 12,733,889 | ||||||||
| Japan — 20.7% | ||||||||
| Advantest Corp. |
6,100 | 500,126 | ||||||
| Ajinomoto Co. Inc. |
46,300 | 1,386,253 | ||||||
| Astellas Pharma Inc. |
141,000 | 2,377,086 | ||||||
| Capcom Co. Ltd. |
3,300 | 88,821 | ||||||
| Central Japan Railway Co. |
16,300 | 2,417,951 | ||||||
| Chugai Pharmaceutical Co. Ltd. |
26,100 | 975,862 | ||||||
| CyberAgent Inc. |
3,700 | 61,996 | ||||||
| Daifuku Co. Ltd. |
11,100 | 1,021,859 | ||||||
| Dai-ichi Life Holdings Inc. |
33,500 | 704,791 | ||||||
| Daiichi Sankyo Co. Ltd. |
62,100 | 1,566,930 | ||||||
| Daikin Industries Ltd. |
15,800 | 3,460,433 | ||||||
| Denso Corp. |
7,600 | 550,963 | ||||||
| Eisai Co. Ltd. |
9,800 | 694,390 | ||||||
| ENEOS Holdings Inc. |
437,300 | 1,763,303 | ||||||
| Fast Retailing Co. Ltd |
2,400 | 1,593,162 | ||||||
| FUJIFILM Holdings Corp. |
54,500 | 4,211,617 | ||||||
| Fujitsu Ltd. |
25,900 | 4,476,288 | ||||||
| Hankyu Hanshin Holdings Inc. |
41,000 | 1,271,228 | ||||||
| Honda Motor Co. Ltd. |
153,500 | 4,540,202 | ||||||
| Ito En Ltd. |
1,800 | 119,890 | ||||||
| Japan Metropolitan Fund Invest |
326 | 299,437 | ||||||
| Japan Post Holdings Co. Ltd. |
23,200 | 178,266 | ||||||
| Japan Real Estate Investment Corp. |
163 | 999,065 | ||||||
| Komatsu Ltd. |
34,300 | 898,362 | ||||||
| Kubota Corp. |
32,600 | 694,478 | ||||||
| Kurita Water Industries Ltd. |
66,200 | 3,269,719 | ||||||
| M3 Inc. |
17,400 | 1,025,387 | ||||||
| Mazda Motor Corp.(a) |
26,700 | 240,147 | ||||||
| Misumi Group Inc. |
20,100 | 840,657 | ||||||
| Mitsubishi Electric Corp. |
168,800 | 2,266,888 | ||||||
| Mitsubishi Heavy Industries Ltd. |
48,900 | 1,250,513 | ||||||
| Mitsubishi UFJ Financial Group Inc. |
171,400 | 939,871 | ||||||
| Miura Co. Ltd. |
1,600 | 61,545 | ||||||
| Nabtesco Corp. |
16,300 | 528,993 | ||||||
| Nidec Corp. |
36,100 | 3,998,358 | ||||||
| Nihon M&A Center Holdings Inc. |
16,300 | 500,481 | ||||||
| Nintendo Co. Ltd. |
10,100 | 4,460,735 | ||||||
| Nippon Building Fund Inc. |
163 | 1,059,002 | ||||||
| Nippon Express Co. Ltd. |
17,400 | 1,089,144 | ||||||
| Nippon Paint Holdings Co. Ltd. |
48,900 | 523,222 | ||||||
| Nippon Prologis REIT Inc. |
489 | 1,633,277 | ||||||
| Nippon Shinyaku Co. Ltd. |
8,600 | 689,001 | ||||||
| Nippon Steel Corp. |
30,400 | 532,996 | ||||||
| Nippon Telegraph & Telephone Corp. |
148,600 | 4,163,613 | ||||||
| Nippon Yusen KK |
16,000 | 1,152,916 | ||||||
| Nissan Chemical Corp. |
7,400 | 411,874 | ||||||
| Nissan Motor Co. Ltd.(a) |
38,100 | 193,924 | ||||||
| Nisshin Seifun Group Inc. |
39,500 | 623,729 | ||||||
| Nitto Denko Corp. |
6,600 | 515,725 | ||||||
| Nomura Holdings Inc. |
81,800 | 389,574 | ||||||
| Nomura Real Estate Master Fund Inc. |
163 | 244,087 | ||||||
| Nomura Research Institute Ltd. |
32,600 | 1,305,110 | ||||||
| NTT Data Corp. |
48,900 | 980,974 | ||||||
| Obayashi Corp. |
111,600 | 942,153 | ||||||
| Olympus Corp. |
71,800 | 1,555,406 | ||||||
| Omron Corp. |
41,400 | 3,959,274 | ||||||
| 2 |
| Schedule of Investments (unaudited) (continued) October 31, 2021 |
BlackRock World ex U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Japan (continued) | ||||||||
| Ono Pharmaceutical Co. Ltd. |
86,600 | $ | 1,817,017 | |||||
| Oriental Land Co. Ltd. |
10,400 | 1,642,573 | ||||||
| Orix JREIT Inc. |
163 | 270,434 | ||||||
| Panasonic Corp. |
286,000 | 3,536,683 | ||||||
| Recruit Holdings Co. Ltd. |
48,900 | 3,252,779 | ||||||
| Renesas Electronics Corp.(a) |
12,800 | 157,458 | ||||||
| Rohm Co. Ltd. |
2,000 | 182,875 | ||||||
| Ryohin Keikaku Co. Ltd. |
73,300 | 1,444,467 | ||||||
| Sekisui Chemical Co. Ltd. |
166,600 | 2,737,025 | ||||||
| Sekisui House Ltd. |
69,700 | 1,449,117 | ||||||
| Shimadzu Corp. |
4,800 | 195,011 | ||||||
| Shimizu Corp. |
12,800 | 93,784 | ||||||
| Shin-Etsu Chemical Co. Ltd. |
8,200 | 1,462,331 | ||||||
| Shiseido Co. Ltd. |
50,500 | 3,369,710 | ||||||
| Sony Group Corp. |
43,600 | 5,048,718 | ||||||
| SUMCO Corp. |
91,600 | 1,750,349 | ||||||
| Sumitomo Dainippon Pharma Co. Ltd. |
45,600 | 644,855 | ||||||
| Sumitomo Metal Mining Co. Ltd. |
26,900 | 1,043,512 | ||||||
| Sumitomo Mitsui Financial Group Inc. |
32,600 | 1,057,858 | ||||||
| Sysmex Corp. |
5,600 | 694,348 | ||||||
| Tokio Marine Holdings Inc. |
2,900 | 152,743 | ||||||
| Toray Industries Inc. |
49,900 | 310,953 | ||||||
| Toshiba Corp. |
53,200 | 2,294,630 | ||||||
| Toyota Motor Corp. |
570,100 | 10,058,933 | ||||||
| United Urban Investment Corp. |
163 | 203,189 | ||||||
|
|
|
|||||||
| 123,072,406 | ||||||||
| Netherlands — 6.4% | ||||||||
| Aegon NV |
85,412 | 433,234 | ||||||
| Akzo Nobel NV |
58,843 | 6,762,060 | ||||||
| ArcelorMittal SA |
34,556 | 1,168,689 | ||||||
| ASML Holding NV |
11,573 | 9,407,687 | ||||||
| EXOR NV |
4,075 | 384,399 | ||||||
| ING Groep NV |
514,102 | 7,798,363 | ||||||
| Koninklijke Ahold Delhaize NV |
38,794 | 1,262,064 | ||||||
| Koninklijke DSM NV |
12,551 | 2,742,120 | ||||||
| Koninklijke Philips NV |
28,362 | 1,337,982 | ||||||
| Prosus NV |
17,767 | 1,564,970 | ||||||
| Royal Dutch Shell PLC, Class A |
130,400 | 2,987,317 | ||||||
| Royal Dutch Shell PLC, Class B |
84,923 | 1,948,874 | ||||||
| Universal Music Group NV |
4,564 | 132,506 | ||||||
|
|
|
|||||||
| 37,930,265 | ||||||||
| New Zealand — 0.1% | ||||||||
| a2 Milk Co. Ltd. (The)(a)(c) |
55,880 | 263,220 | ||||||
| Mercury NZ Ltd. |
51,671 | 227,241 | ||||||
| Meridian Energy Ltd. |
38,142 | 136,636 | ||||||
|
|
|
|||||||
| 627,097 | ||||||||
| Norway — 1.1% | ||||||||
| DNB Bank ASA |
14,181 | 337,461 | ||||||
| Norsk Hydro ASA |
753,088 | 5,531,782 | ||||||
| Orkla ASA |
54,605 | 531,110 | ||||||
|
|
|
|||||||
| 6,400,353 | ||||||||
| Portugal — 0.2% | ||||||||
| Galp Energia SGPS SA |
94,866 | 985,463 | ||||||
|
|
|
|||||||
| Singapore — 1.0% | ||||||||
| DBS Group Holdings Ltd. |
88,200 | 2,061,045 | ||||||
| Keppel Corp. Ltd. |
797,700 | 3,183,291 | ||||||
| United Overseas Bank Ltd. |
36,100 | 717,608 | ||||||
|
|
|
|||||||
| 5,961,944 | ||||||||
| Security | Shares | Value | ||||||
| Spain — 2.7% |
||||||||
| Amadeus IT Group SA(a) |
24,939 | $ | 1,668,366 | |||||
| Banco Bilbao Vizcaya Argentaria SA |
243,359 | 1,703,057 | ||||||
| Banco Santander SA |
625,594 | 2,372,930 | ||||||
| CaixaBank SA |
374,411 | 1,076,306 | ||||||
| Iberdrola SA |
490,367 | 5,790,518 | ||||||
| Industria de Diseno Textil SA |
18,256 | 661,309 | ||||||
| Siemens Gamesa Renewable Energy SA(a) |
61,940 | 1,680,778 | ||||||
| Telefonica SA |
219,072 | 951,574 | ||||||
|
|
|
|||||||
| 15,904,838 | ||||||||
| Sweden — 4.0% | ||||||||
| Alfa Laval AB |
23,472 | 1,006,827 | ||||||
| Assa Abloy AB, Class B |
42,548 | 1,248,471 | ||||||
| Boliden AB |
40,576 | 1,430,475 | ||||||
| Electrolux AB, Class B |
66,667 | 1,512,972 | ||||||
| EQT AB |
18,908 | 998,718 | ||||||
| Evolution AB(b) |
7,335 | 1,190,777 | ||||||
| Fastighets AB Balder, Class B(a) |
26,406 | 1,914,645 | ||||||
| H & M Hennes & Mauritz AB, Class B |
3,888 | 73,144 | ||||||
| Hexagon AB, Class B |
279,708 | 4,501,536 | ||||||
| Husqvarna AB, Class B |
60,799 | 866,441 | ||||||
| ICA Gruppen AB |
101,549 | 5,250,088 | ||||||
| Lundin Energy AB |
37,001 | 1,461,296 | ||||||
| Telefonaktiebolaget LM Ericsson, Class B |
116,056 | 1,266,798 | ||||||
| Volvo AB, Class B |
38,794 | 904,643 | ||||||
|
|
|
|||||||
| 23,626,831 | ||||||||
| Switzerland — 9.2% | ||||||||
| ABB Ltd., Registered |
42,380 | 1,402,067 | ||||||
| Chocoladefabriken Lindt & Spruengli AG, Participation |
||||||||
| Certificates, NVS |
163 | 1,920,893 | ||||||
| Chocoladefabriken Lindt & Spruengli AG, Registered |
1 | 120,031 | ||||||
| Credit Suisse Group AG, Registered |
78,240 | 813,830 | ||||||
| Geberit AG, Registered |
3,097 | 2,418,610 | ||||||
| Givaudan SA, Registered |
978 | 4,608,273 | ||||||
| Holcim Ltd. |
28,199 | 1,406,638 | ||||||
| Julius Baer Group Ltd. |
7,987 | 577,716 | ||||||
| Nestle SA, Registered |
83,130 | 10,965,444 | ||||||
| Novartis AG, Registered |
61,940 | 5,123,225 | ||||||
| Partners Group Holding AG |
815 | 1,423,768 | ||||||
| Roche Holding AG, Bearer |
652 | 280,440 | ||||||
| Roche Holding AG, NVS |
26,406 | 10,229,525 | ||||||
| Siemens Energy AG(a) |
40,424 | 1,160,192 | ||||||
| Sonova Holding AG, Registered |
1,630 | 675,426 | ||||||
| STMicroelectronics NV |
44,662 | 2,120,498 | ||||||
| Swiss Life Holding AG, Registered |
489 | 268,249 | ||||||
| Swiss Prime Site AG, Registered |
15,648 | 1,590,874 | ||||||
| Swiss Re AG |
9,291 | 900,070 | ||||||
| Temenos AG, Registered |
4,727 | 723,687 | ||||||
| UBS Group AG, Registered |
103,016 | 1,875,167 | ||||||
| Zurich Insurance Group AG |
8,802 | 3,901,227 | ||||||
|
|
|
|||||||
| 54,505,850 | ||||||||
| United Kingdom — 11.6% | ||||||||
| 3i Group PLC |
27,058 | 505,309 | ||||||
| Abrdn PLC |
89,161 | 309,932 | ||||||
| AstraZeneca PLC |
39,772 | 4,975,529 | ||||||
| Auto Trader Group PLC(b) |
68,297 | 566,212 | ||||||
| Aviva PLC |
155,339 | 838,196 | ||||||
| Barclays PLC |
725,676 | 2,002,483 | ||||||
| Barratt Developments PLC |
13,366 | 121,338 | ||||||
| Berkeley Group Holdings(The) |
37,331 | 2,226,742 | ||||||
| 3 |
| Schedule of Investments (unaudited) (continued) October 31, 2021 |
BlackRock World ex U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| United Kingdom (continued) | ||||||||
| BP PLC |
556,971 | $ | 2,668,393 | |||||
| British Land Co. PLC (The) |
32,111 | 216,813 | ||||||
| BT Group PLC(a) |
651,022 | 1,236,830 | ||||||
| Coca-Cola Europacific Partners PLC |
51,345 | 2,703,314 | ||||||
| Diageo PLC |
51,345 | 2,554,500 | ||||||
| Entain PLC(a) |
38,957 | 1,091,619 | ||||||
| Experian PLC |
28,362 | 1,300,432 | ||||||
| Ferguson PLC |
47,270 | 7,112,406 | ||||||
| GlaxoSmithKline PLC |
274,492 | 5,698,682 | ||||||
| Hargreaves Lansdown PLC |
5,216 | 109,760 | ||||||
| Hikma Pharmaceuticals PLC |
7,987 | 263,267 | ||||||
| HSBC Holdings PLC |
643,850 | 3,879,307 | ||||||
| Informa PLC(a) |
18,256 | 129,872 | ||||||
| Intertek Group PLC |
2,608 | 174,652 | ||||||
| J Sainsbury PLC |
514,917 | 2,109,027 | ||||||
| JD Sports Fashion PLC |
38,957 | 580,650 | ||||||
| Johnson Matthey PLC |
16,300 | 609,221 | ||||||
| Land Securities Group PLC |
40,587 | 381,294 | ||||||
| Legal & General Group PLC |
241,240 | 951,398 | ||||||
| Lloyds Banking Group PLC |
2,470,917 | 1,691,048 | ||||||
| London Stock Exchange Group PLC |
9,780 | 952,022 | ||||||
| M&G PLC |
143,929 | 393,228 | ||||||
| Natwest Group PLC |
244,663 | 737,702 | ||||||
| Ocado Group PLC(a) |
11,573 | 285,628 | ||||||
| Pearson PLC |
13,040 | 107,301 | ||||||
| Prudential PLC |
85,086 | 1,736,431 | ||||||
| RELX PLC |
59,006 | 1,829,621 | ||||||
| Rentokil Initial PLC |
31,785 | 255,836 | ||||||
| Rolls-Royce Holdings PLC(a) |
127,303 | 229,761 | ||||||
| Sage Group PLC (The) |
83,945 | 816,409 | ||||||
| Segro PLC |
158,599 | 2,803,165 | ||||||
| St. James’s Place PLC |
11,736 | 253,531 | ||||||
| Standard Chartered PLC |
82,478 | 557,799 | ||||||
| Taylor Wimpey PLC |
161,859 | 342,463 | ||||||
| Unilever PLC |
115,567 | 6,187,674 | ||||||
| Vodafone Group PLC |
2,467,983 | 3,637,439 | ||||||
| Whitbread PLC(a) |
14,670 | 656,303 | ||||||
| WPP PLC |
17,278 | 249,750 | ||||||
|
|
|
|||||||
| 69,040,289 | ||||||||
|
|
|
|||||||
| Total Common Stocks — 98.5% |
585,092,414 | |||||||
|
|
|
|||||||
| Security | Shares | Value | ||||||
| Preferred Stocks |
||||||||
| Germany — 0.8% |
||||||||
| Bayerische Motoren Werke AG, Preference Shares, NVS |
10,432 | $ | 889,241 | |||||
| Henkel AG & Co. KGaA, Preference Shares, NVS |
24,124 | 2,161,209 | ||||||
| Volkswagen AG, Preference Shares, NVS |
7,661 | 1,719,369 | ||||||
|
|
|
|||||||
| 4,769,819 | ||||||||
|
|
|
|||||||
| Total Preferred Stocks — 0.8% |
4,769,819 | |||||||
|
|
|
|||||||
| Short-Term Investments |
||||||||
| Money Market Funds — 0.2% |
||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares, 0.05%(d)(e)(f) |
274,255 | 274,392 | ||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(d)(e) |
1,050,000 | 1,050,000 | ||||||
|
|
|
|||||||
| 1,324,392 | ||||||||
|
|
|
|||||||
| Total Short-Term Investments — 0.2% |
1,324,392 | |||||||
|
|
|
|||||||
| Total Investments in Securities — 99.5% |
591,186,625 | |||||||
| Other Assets, Less Liabilities — 0.5% |
3,203,820 | |||||||
|
|
|
|||||||
| Net Assets — 100.0% |
$ | 594,390,445 | ||||||
|
|
|
|||||||
| (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. |
| 4 |
| Schedule of Investments (unaudited) (continued) October 31, 2021 |
BlackRock World ex U.S. Carbon Transition Readiness ETF |
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 |
|||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares |
$ — | $274,392 | (a) | $ | — | $ | — | $ | — | $ | 274,392 | 274,255 | $ | 3,526 | (b) | $ | — | |||||||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares |
3,020,000 | — | (1,970,000 | )(a) | — | — | 1,050,000 | 1,050,000 | 19 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| $ | — | $ | — | $ | 1,324,392 | $ | 3,545 | $ | — | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (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 |
||||||||||||||||
| MSCI EAFE Index |
37 | 12/17/21 | $ | 4,328 | $ | (37,673 | ) | |||||||||
|
|
|
|||||||||||||||
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 World ex 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 |
$ | 78,606,646 | $ | 506,485,768 | $ | — | $ | 585,092,414 | ||||||||
| Preferred Stocks |
— | 4,769,819 | — | 4,769,819 | ||||||||||||
| Money Market Funds |
1,324,392 | — | — | 1,324,392 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 79,931,038 | $ | 511,255,587 | $ | — | $ | 591,186,625 | |||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Derivative financial instruments(a) |
||||||||||||||||
| Liabilities |
||||||||||||||||
| Futures Contracts |
$ | (37,673 | ) | $ | — | $ | — | $ | (37,673 | ) | ||||||
|
|
|
|
|
|
|
|
|
|||||||||
| (a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
| Portfolio Abbreviations - Equity | ||
| ADR |
American Depositary Receipt | |
| NVS |
Non-Voting Shares | |
| REIT |
Real Estate Investment Trust | |
| 6 |