NPORT-EX 2 NPORT_9ETE_39326314_1021.htm BlackRock World ex US Carbon Transition Readiness ETF

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%
(Cost: $566,929,794)

       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%
(Cost: $5,556,899)

       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%
(Cost: $1,324,392)

       1,324,392  
   

 

 

  

Total Investments in Securities — 99.5%
(Cost: $573,811,085)

       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
Distributions
from
Underlying
Funds

  

 

  

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