NPORT-EX 2 NPORT_9ETG_40001703_1021.htm BlackRock Future Climate and Sustainable Economy ETF

Schedule of Investments  (unaudited)

October 31, 2021

   

BlackRock Future Climate and Sustainable Economy ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    
Building Products — 6.8%            

AZEK Co. Inc. (The)(a)

    1,848     $ 67,803  

Cie. de Saint-Gobain

     1,254       86,542  

Johnson Controls International PLC

     520       38,153  

Kingspan Group PLC

     456       52,497  

Trane Technologies PLC

     184       33,291  

Trex Co. Inc.(a)(b)

    583       62,031  
   

 

 

  
         340,317  
Capital Markets — 0.9%            

Agronomics Ltd.(a)

    114,948       44,047  
   

 

 

  
Chemicals — 17.7%            

Corbion NV

     2,098       99,618  

Ecolab Inc.

     680       151,110  

FMC Corp.

     1,280       116,493  

Koninklijke DSM NV

     740       161,674  

Nutrien Ltd.

     1,298       90,743  

Robertet SA, NVS

     84       92,249  

Sika AG, Registered

     144       48,784  

Symrise AG

     932       128,916  
   

 

 

  
      889,587  
Commercial Services & Supplies — 1.7%            

Tomra Systems ASA

     1,292       83,503  
   

 

 

  
Communications Equipment — 2.4%            

Samsung SDI Co. Ltd., GDR NVS(c)

    764       119,178  
   

 

 

  
Construction & Engineering — 1.0%            

Quanta Services Inc.

     412       49,967  
   

 

 

  
Containers & Packaging — 7.3%            

Ball Corp.

     1,216       111,240  

Crown Holdings Inc.

     1,496       155,569  

SIG Combibloc Group AG

     3,929       102,754  
   

 

 

  
      369,563  
Electric Utilities — 6.0%            

Enel SpA

     17,464       146,205  

NextEra Energy Inc.

     1,809       154,362  
   

 

 

  
      300,567  
Electrical Equipment — 6.6%            

Ballard Power Systems Inc.(a)(b)

    2,506       45,409  

Prysmian SpA

     1,044       39,472  

Schneider Electric SE

     413       71,209  

Sunrun Inc.(a)

    885       51,047  

Vestas Wind Systems A/S

     1,851       80,018  

Xinjiang Goldwind Science & Technology Co. Ltd., Class H

     20,000       44,726  
   

 

 

  
      331,881  
Electronic Equipment, Instruments & Components — 7.2%            

Azbil Corp.

     900       38,369  

Hexagon AB, Class B

     2,252       36,243  

Keyence Corp.

     200       120,723  

Rogers Corp.(a)

    198       39,822  

TE Connectivity Ltd.

     256       37,376  

Zebra Technologies Corp., Class A(a)

    163       87,034  
   

 

 

  
      359,567  
Food & Staples Retailing — 2.6%            

HelloFresh SE(a)

    1,060       85,901  

Ocado Group PLC(a)

    1,908       47,091  
   

 

 

  
      132,992  
Security   Shares     Value  
Food Products — 9.2%            

Bunge Ltd.

     1,580     $ 146,371  

Darling Ingredients Inc.(a)

    716       60,516  

Kerry Group PLC, Class A

     850       114,080  

Maple Leaf Foods Inc.

     3,748       81,707  

Salmar ASA

     773       58,973  
   

 

 

  
      461,647  
Independent Power and Renewable Electricity Producers — 3.8%  

EDP Renovaveis SA

     5,444       151,668  

Scatec ASA

     1,926       37,990  
   

 

 

  
      189,658  
Machinery — 9.5%            

Ag Growth International Inc.

     2,856       62,769  

Atlas Copco AB, Class A

     548       35,291  

Deere & Co.

     416       142,401  

Hydrofarm Holdings Group Inc.(a)

    979       32,278  

Ingersoll Rand Inc.(a)

    715       38,438  

John Bean Technologies Corp.

     516       76,239  

Marel HF(c)

    13,252       88,852  
   

 

 

  
      476,268  
Paper & Forest Products — 3.7%            

Mondi PLC

     2,314       57,789  

UPM-Kymmene OYJ

     3,636       128,318  
   

 

 

  
      186,107  
Professional Services — 2.5%            

Bureau Veritas SA

     4,046       128,602  
   

 

 

  
Semiconductors & Semiconductor Equipment — 6.7%  

Analog Devices Inc.

     233       40,423  

Canadian Solar Inc.(a)

    1,148       47,699  

First Solar Inc.(a)

    432       51,663  

Infineon Technologies AG

     3,232       151,359  

ON Semiconductor Corp.(a)

    956       45,955  
   

 

 

  
      337,099  
Software — 3.0%            

ANSYS Inc.(a)

    100       37,958  

Autodesk Inc.(a)

    232       73,685  

Dassault Systemes SE

     676       39,477  
      151,120  
   

 

 

  

Total Common Stocks — 98.6%
(Cost: $4,915,091)

       4,951,670  
   

 

 

  

Short-Term Investments

    
Money Market Funds — 5.1%            

BlackRock Cash Funds: Institutional, SL Agency Shares, 0.05%(d)(e)(f)

    105,415       105,467  

BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(d)(e)

    150,000       150,000  
   

 

 

  
      255,467  
   

 

 

  

Total Short-Term Investments — 5.1%
(Cost: $255,467)

       255,467  
   

 

 

  

Total Investments in Securities — 103.7%
(Cost: $5,170,558)

       5,207,137  

Other Assets, Less Liabilities — (3.7)%

       (186,615 ) 
   

 

 

  

Net Assets — 100.0%

     $ 5,020,522  
   

 

 

  

 

(a) 

Non-income producing security.

 

 

 

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Schedule of Investments  (unaudited) (continued)

October 31, 2021

   

BlackRock Future Climate and Sustainable Economy ETF

 

(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 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  

08/03/21(a)

     

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

     $        —        $105,467 (b)    $ —      $ —      $ —      $ 105,467        105,415      $ 22 (c)    $ —  

BlackRock Cash Funds: Treasury, SL Agency Shares

     —        150,000 (b)      —        —        —        150,000        150,000        1       —  
         

 

 

     

 

 

     

 

 

        

 

 

    

 

 

  
          $ —      $ —      $ 255,467         $ 23     $ —  
         

 

 

     

 

 

     

 

 

        

 

 

    

 

 

  

 

  (a) 

Commencement of operations.

 
  (b) 

Represents net amount purchased (sold).

 
  (c) 

All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

 

Fair Value 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.

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

   $ 2,720,448      $ 2,231,222      $ —      $ 4,951,670  

Money Market Funds

     255,467        —        —        255,467  
 

 

 

     

 

 

     

 

 

     

 

 

  
  $ 2,975,915      $ 2,231,222      $ —      $ 5,207,137  
 

 

 

     

 

 

     

 

 

     

 

 

  

 

 

    

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Schedule of Investments  (unaudited) (continued)

October 31, 2021

   

BlackRock Future Climate and Sustainable Economy ETF

 

Portfolio Abbreviations - Equity

GDR

   

Global Depositary Receipt

NVS

   

Non-Voting Shares

 

 

 

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