NPORT-EX 2 NPORT_9ETE_55292699_0422.htm BlackRock World ex US Carbon Transition Readiness ETF

Schedule of Investments  (unaudited) 

April 30, 2022

   

BlackRock World ex U.S. Carbon Transition Readiness ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    
Australia — 7.8%            

Aristocrat Leisure Ltd.

     50,267     $ 1,166,311  

Australia & New Zealand Banking Group Ltd.

     134,769       2,564,545  

BHP Group Ltd.

     55,778       1,863,846  

BlueScope Steel Ltd.

     15,865       225,530  

Cochlear Ltd.

     22,712       3,658,161  

Commonwealth Bank of Australia

     17,702       1,286,644  

CSL Ltd.

     16,366       3,123,453  

Fortescue Metals Group Ltd.

     24,716       373,535  

Glencore PLC

     417,667       2,573,524  

Goodman Group

     28,557       475,300  

Lendlease Corp. Ltd.

     32,732       280,394  

Macquarie Group Ltd.

     50,100       7,212,545  

Medibank Pvt Ltd.

     523,044       1,175,354  

National Australia Bank Ltd.

     125,584       2,866,916  

Rio Tinto Ltd.

     20,040       1,585,242  

Rio Tinto PLC

     46,259       3,268,483  

Santos Ltd.

     49,355       275,799  

SEEK Ltd.

     7,849       153,804  

Sonic Healthcare Ltd.

     12,692       327,786  

Stockland

     305,610       884,566  

Tabcorp Holdings Ltd.

     165,831       634,173  

Wesfarmers Ltd.

     86,356       2,988,183  

Westpac Banking Corp.

     118,737       1,987,656  
   

 

 

  
    40,951,750  
Austria — 0.2%            

Erste Group Bank AG

     10,521       327,579  

Verbund AG

     6,513       696,170  

voestalpine AG

     5,177       134,720  
   

 

 

  
    1,158,469  
Belgium — 0.8%            

Ageas SA/NV

     1,336       63,930  

Anheuser-Busch InBev SA/NV

     54,442       3,132,567  

KBC Group NV

     9,145       622,151  

Umicore SA

     9,185       353,103  
   

 

 

  
    4,171,751  
Canada — 11.8%            

Algonquin Power & Utilities Corp.

     61,289       887,382  

Alimentation Couche-Tard Inc.

     66,466       2,958,931  

AltaGas Ltd.

     3,507       80,205  

Ballard Power Systems Inc.(a)(b)

     65,297       542,341  

Bank of Montreal

     22,378       2,372,714  

Bank of Nova Scotia (The)

     50,935       3,225,441  

BlackBerry Ltd.(a)

     49,432       282,820  

Brookfield Asset Management Inc., Class A

     90,347       4,506,625  

Canadian Imperial Bank of Commerce

     18,370       2,030,831  

Canadian National Railway Co

     13,360       1,571,190  

Canadian Tire Corp. Ltd., Class A, NVS

     1,512       208,266  

CGI Inc.(a)

     7,714       615,126  

Dollarama Inc.

     9,352       519,924  

Empire Co. Ltd., Class A, NVS

     12,692       419,197  

Enbridge Inc.

     185,871       8,111,103  

Fortis Inc.

     3,507       170,648  

Franco-Nevada Corp.

     34,402       5,202,678  

Hydro One Ltd.(c)

     97,027       2,623,086  

Keyera Corp.

     6,012       149,148  

Loblaw Companies Ltd.

     8,350       763,794  

Metro Inc.

     8,183       449,774  

National Bank of Canada

     23,046       1,609,533  
Security   Shares     Value  
Canada (continued)            

Northland Power Inc.

     38,433     $ 1,159,886  

Nutrien Ltd.

     1,670       164,108  

Parkland Corp.

     27,221       773,202  

Power Corp. of Canada

     2,171       63,880  

Restaurant Brands International Inc.

     30,728       1,755,442  

RioCan REIT

     161,322       3,013,839  

Ritchie Bros Auctioneers Inc.

     5,511       303,552  

Royal Bank of Canada

     44,255       4,469,767  

Shopify Inc., Class A(a)

     3,674       1,571,613  

Sun Life Financial Inc.

     84,335       4,195,578  

TC Energy Corp.

     27,712       1,465,793  

Toronto-Dominion Bank (The)

     47,595       3,437,777  

Tourmaline Oil Corp.

     2,338       120,408  

Wheaton Precious Metals Corp.

     1,670       74,852  
   

 

 

  
      61,870,454  
Denmark — 3.1%            

Carlsberg A/S, Class B

     9,018       1,145,585  

DSV A/S

     32,899       5,393,846  

Novo Nordisk A/S, Class B

     49,098       5,608,279  

Novozymes A/S, Class B

     30,060       2,095,468  

Orsted AS(c)

     4,676       517,308  

Vestas Wind Systems A/S

     60,214       1,535,517  
   

 

 

  
      16,296,003  
Finland — 0.7%            

Fortum Oyj

     8,350       138,826  

Orion Oyj, Class B

     51,436       2,017,449  

UPM-Kymmene Oyj

     14,028       485,261  

Wartsila OYJ Abp

     159,485       1,280,639  
   

 

 

  
      3,922,175  
France — 9.2%            

Air Liquide SA

     4,676       808,987  

Alstom SA

     9,185       201,890  

Amundi SA(c)

     12,358       743,087  

ArcelorMittal SA

     7,139       208,157  

AXA SA

     71,643       1,895,317  

BioMerieux

     12,191       1,160,605  

BNP Paribas SA

     40,915       2,121,499  

Bollore SE

     294,254       1,373,114  

Capgemini SE

     12,525       2,549,827  

Cie. de Saint-Gobain

     19,539       1,139,869  

Danone SA

     1,169       70,691  

Dassault Systemes SE

     30,728       1,358,926  

Electricite de France SA

     51,640       469,461  

Engie SA

     28,557       336,986  

EssilorLuxottica SA

     3,173       540,196  

Gecina SA

     4,843       545,555  

Getlink SE

     115,230       2,108,606  

Hermes International

     167       205,921  

Ipsen SA

     6,179       640,538  

Kering SA

     1,837       977,417  

Klepierre SA

     27,889       667,541  

La Francaise des Jeux SAEM(c)

     7,515       280,617  

Legrand SA

     40,414       3,581,253  

L’Oreal SA

     9,688       3,524,590  

LVMH Moet Hennessy Louis Vuitton SE

     8,183       5,295,506  

Publicis Groupe SA

     5,845       350,914  

Remy Cointreau SA

     668       132,420  

Renault SA(a)

     10,521       257,066  

Sanofi

     41,583       4,395,110  
 

 

 

 1

  

Schedule of Investments  (unaudited) (continued)

April 30, 2022

   

BlackRock World ex U.S. Carbon Transition Readiness ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

France (continued)

    

Sartorius Stedim Biotech

     668     $ 218,589  

Schneider Electric SE

     25,628       3,676,827  

SEB SA

     1,837       220,600  

Societe Generale SA

     33,901       814,778  

Sodexo SA

     3,507       263,816  

Teleperformance

     5,177       1,858,083  

TotalEnergies SE

     44,923       2,205,853  

Worldline SA/France(a)(c)

     27,555       1,084,129  
   

 

 

  
    48,284,341  
Germany — 4.5%            

adidas AG

     7,181       1,448,114  

Allianz SE, Registered

     21,065       4,752,982  

BASF SE

     835       43,974  

Bayer AG, Registered

     19,205       1,265,053  

Bayerische Motoren Werke AG

     4,155       339,321  

Commerzbank AG(a)

     7,348       47,970  

Continental AG(a)

     10,688       732,567  

Delivery Hero SE(a)(c)

     4,349       152,880  

Deutsche Bank AG, Registered(a)

     39,746       397,433  

Deutsche Lufthansa AG, Registered(a)

     87,508       651,022  

Deutsche Post AG, Registered

     4,509       192,636  

Fresenius SE & Co. KGaA

     2,505       88,547  

HeidelbergCement AG

     44,088       2,539,796  

HelloFresh SE(a)

     2,171       91,517  

Henkel AG & Co. KGaA

     7,849       498,106  

Infineon Technologies AG

     53,106       1,507,319  

KION Group AG

     5,678       315,844  

Mercedes-Benz Group AG

     1,837       128,225  

Merck KGaA

     5,010       929,492  

Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered

     4,008       954,468  

Puma SE

     2,505       184,314  

Rational AG

     167       101,878  

SAP SE

     25,885       2,623,340  

Siemens AG, Registered

     15,364       1,889,080  

Telefonica Deutschland Holding AG

     75,484       227,020  

United Internet AG, Registered

     28,557       918,703  

Zalando SE(a)(c)

     9,519       374,537  
   

 

 

  
    23,396,138  
Hong Kong — 2.0%            

AIA Group Ltd.

     534,400       5,249,816  

Budweiser Brewing Co. APAC Ltd.(c)

     584,500       1,454,351  

Futu Holdings Ltd., ADR(a)(b)

     5,511       176,297  

Hang Seng Bank Ltd.

     64,200       1,136,690  

Hong Kong Exchanges & Clearing Ltd.

     20,700       878,073  

Melco Resorts & Entertainment Ltd., ADR(a)

     40,080       229,258  

MTR Corp. Ltd.

     56,000       297,534  

Sands China Ltd.(a)

     52,800       116,380  

SITC International Holdings Co. Ltd.

     18,000       59,840  

Swire Pacific Ltd., Class A

     133,500       760,404  

WH Group Ltd.(c)

     314,000       216,848  
   

 

 

  
    10,575,491  
Ireland — 0.1%            

CRH PLC

     11,022       435,643  

Kerry Group PLC, Class A

     1,002       110,991  

Smurfit Kappa Group PLC

     4,342       183,475  
   

 

 

  
    730,109  
Israel — 0.4%            

Bank Hapoalim BM

     22,331       207,035  
Security   Shares     Value  
Israel (continued)            

Bank Leumi Le-Israel BM

     43,684     $ 458,453  

Fiverr International Ltd.(a)(b)

     835       44,464  

Inmode Ltd.(a)

     3,674       92,254  

Israel Discount Bank Ltd., Class A

     35,905       212,071  

Mizrahi Tefahot Bank Ltd.

     3,340       123,545  

Nice Ltd.(a)

     3,006       625,035  

Wix.com Ltd.(a)

     1,837       138,620  
   

 

 

  
      1,901,477  
Italy — 1.9%            

Amplifon SpA

     23,046       919,417  

Enel SpA

     783,397       5,094,346  

Intesa Sanpaolo SpA

     1,131,456       2,305,587  

Poste Italiane SpA(c)

     63,961       626,763  

UniCredit SpA

     95,357       882,537  
   

 

 

  
      9,828,650  
Japan — 19.3%            

Advantest Corp.

     2,500       170,620  

Ajinomoto Co. Inc.

     29,300       761,259  

Asahi Group Holdings Ltd.

     2,400       90,463  

Astellas Pharma Inc.

     81,500       1,240,896  

Capcom Co. Ltd.

     3,300       87,077  

Central Japan Railway Co.

     16,700       2,102,282  

Chugai Pharmaceutical Co. Ltd.

     19,100       572,334  

CyberAgent Inc.

     30,900       326,454  

Daifuku Co. Ltd.

     10,300       633,333  

Daiichi Sankyo Co. Ltd.

     42,600       1,072,621  

Daikin Industries Ltd.

     18,300       2,796,562  

Denso Corp.

     36,400       2,218,407  

Eisai Co. Ltd.

     7,462       324,977  

ENEOS Holdings Inc.

     447,700       1,575,283  

Fast Retailing Co. Ltd.

     3,900       1,795,583  

Fuji Electric Co. Ltd.

     21,500       942,790  

FUJIFILM Holdings Corp.

     70,200       3,858,981  

Fujitsu Ltd.

     24,500       3,703,154  

Hankyu Hanshin Holdings Inc.

     39,500       1,042,468  

Hitachi Ltd.

     8,400       398,382  

Honda Motor Co. Ltd.

     204,600       5,381,706  

Hoya Corp.

     3,900       387,044  

Ibiden Co. Ltd.

     6,700       250,391  

Inpex Corp.

     37,500       446,181  

Ito En Ltd.

     1,800       73,972  

Japan Metropolitan Fund Invest

     501       398,209  

Japan Real Estate Investment Corp.

     167       808,256  

JFE Holdings Inc.

     32,200       393,765  

Keyence Corp.

     500       201,002  

Kirin Holdings Co. Ltd.

     10,700       155,982  

Komatsu Ltd.

     56,200       1,264,864  

Kubota Corp.

     58,400       992,138  

Kurita Water Industries Ltd.

     62,500       2,132,269  

Kyocera Corp.

     14,500       761,351  

Lasertec Corp.

     1,700       227,122  

M3 Inc.

     17,800       568,424  

Mazda Motor Corp.

     52,000       369,239  

McDonald’s Holdings Co. Japan Ltd.

     1,700       67,444  

Mitsubishi Corp.

     2,500       83,939  

Mitsubishi Electric Corp.

     416,400       4,361,494  

Mitsubishi Heavy Industries Ltd.

     50,100       1,712,925  

Mitsui OSK Lines Ltd.

     15,000       351,167  

Miura Co. Ltd.

     5,400       112,793  

Murata Manufacturing Co. Ltd.

     8,300       494,742  
 

 

 

  2 

Schedule of Investments  (unaudited) (continued)

April 30, 2022

   

BlackRock World ex U.S. Carbon Transition Readiness ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Japan (continued)            

NEC Corp.

     2,500     $ 96,990  

NGK Insulators Ltd.

     58,600       788,265  

Nidec Corp.

     30,800       1,991,191  

Nihon M&A Center Holdings Inc.

     16,700       205,641  

Nintendo Co. Ltd.

     8,400       3,833,682  

Nippon Building Fund Inc.

     167       866,948  

Nippon Express Holdings Inc.

     17,800       1,043,627  

Nippon Paint Holdings Co. Ltd.

     50,100       396,859  

Nippon Prologis REIT Inc.

     501       1,386,652  

Nippon Steel Corp.

     80,300       1,275,050  

Nippon Telegraph & Telephone Corp.

     126,000       3,713,137  

Nippon Yusen KK

     15,261       1,100,989  

Nissan Chemical Corp.

     7,400       390,887  

Nissan Motor Co. Ltd.(a)

     38,900       155,738  

Nitto Denko Corp.

     6,600       442,998  

Nomura Holdings Inc.

     150,600       579,878  

Nomura Research Institute Ltd.

     19,300       545,735  

NTT Data Corp.

     50,100       923,739  

Olympus Corp.

     68,600       1,207,437  

Omron Corp.

     38,300       2,257,941  

Oriental Land Co. Ltd./Japan

     5,900       892,494  

Panasonic Holdings Corp.

     264,200       2,354,866  

Persol Holdings Co. Ltd.

     8,200       162,685  

Recruit Holdings Co. Ltd.

     54,663       1,983,261  

Renesas Electronics Corp.(a)

     12,800       136,678  

Ricoh Co. Ltd.

     11,300       82,511  

Rinnai Corp.

     1,000       63,919  

Rohm Co. Ltd.

     8,732       610,025  

Sekisui Chemical Co. Ltd.

     163,600       2,215,330  

Sekisui House Ltd.

     5,500       95,524  

Shin-Etsu Chemical Co. Ltd.

     8,200       1,126,963  

Shiseido Co. Ltd.

     24,264       1,146,994  

SoftBank Group Corp.

     3,600       148,069  

Sony Group Corp.

     45,700       3,943,956  

SUMCO Corp.

     44,515       641,090  

Sumitomo Metal Mining Co. Ltd.

     27,300       1,197,289  

Sysmex Corp.

     5,600       367,346  

Takeda Pharmaceutical Co. Ltd.

     26,800       777,643  

TDK Corp.

     12,600       389,236  

Terumo Corp.

     1,800       53,577  

Tokyo Electron Ltd.

     1,800       759,503  

Toray Industries Inc.

     163,700       775,821  

Toshiba Corp.

     36,400       1,511,631  

TOTO Ltd.

     4,500       151,645  

Toyota Industries Corp.

     18,900       1,133,561  

Toyota Motor Corp.

     406,000       6,956,284  

Yamaha Corp.

     1,700       64,952  

Yamato Holdings Co. Ltd.

     9,500       177,764  
   

 

 

  
      100,834,346  
Netherlands — 4.1%      

Adyen NV(a)(c)

     167       280,108  

Akzo Nobel NV

     53,941       4,679,192  

ASM International NV

     167       50,182  

ASML Holding NV

     13,360       7,582,314  

CNH Industrial NV

     59,118       837,483  

EXOR NV

     668       46,356  

ING Groep NV

     220,106       2,085,330  

Koninklijke Ahold Delhaize NV

     68,804       2,029,440  

Koninklijke DSM NV

     7,849       1,319,492  

Koninklijke Philips NV

     33,734       881,507  
Security   Shares     Value  
Netherlands (continued)      

NN Group NV

     3,507     $ 171,779  

Prosus NV

     18,203       877,906  

Stellantis NV

     32,565       437,206  
   

 

 

  
    21,278,295  
New Zealand — 0.1%            

Fisher & Paykel Healthcare Corp. Ltd.

     17,535       240,968  

Mercury NZ Ltd.

     51,671       200,332  

Meridian Energy Ltd.

     38,142       115,763  
   

 

 

  
    557,063  
Norway — 1.2%            

Aker BP ASA

     6,179       221,387  

DNB Bank ASA

     31,229       605,134  

Equinor ASA

     36,239       1,224,862  

Norsk Hydro ASA

     351,292       2,949,982  

Orkla ASA

     127,254       1,032,621  

Schibsted ASA, Class A

     3,696       77,020  
   

 

 

  
    6,111,006  
Portugal — 0.3%            

Galp Energia SGPS SA

     128,089       1,559,053  
   

 

 

  
Singapore — 1.5%            

City Developments Ltd.

     135,900       833,218  

DBS Group Holdings Ltd.

     89,100       2,161,621  

Keppel Corp. Ltd.

     477,692       2,355,881  

Sea Ltd., ADR(a)

     1,002       82,926  

STMicroelectronics NV

     67,802       2,505,091  
   

 

 

  
    7,938,737  
Spain — 3.0%            

Amadeus IT Group SA(a)

     25,551       1,601,100  

Banco Bilbao Vizcaya Argentaria SA

     198,062       1,039,281  

Banco Santander SA

     640,946       1,873,067  

CaixaBank SA

     1,099,702       3,549,722  

Iberdrola SA

     442,810       5,088,243  

Industria de Diseno Textil SA

     28,112       589,432  

Siemens Gamesa Renewable Energy SA(a)

     39,579       630,437  

Telefonica SA

     233,077       1,133,836  
   

 

 

  
    15,505,118  
Sweden — 3.2%            

Alfa Laval AB

     10,855       302,163  

Atlas Copco AB, Class A

     7,348       333,135  

Boliden AB

     42,904       1,860,368  

Electrolux AB, Class B

     85,838       1,309,064  

EQT AB

     19,372       548,263  

Evolution AB(c)

     5,177       531,151  

Fastighets AB Balder, Class B(a)

     15,531       769,829  

H & M Hennes & Mauritz AB, Class B

     3,980       50,105  

Hexagon AB, Class B

     33,581       433,293  

Husqvarna AB, Class B

     31,229       298,521  

Investor AB, Class B

     52,939       1,018,700  

Kinnevik AB, Class B(a)

     1,670       32,686  

Lundin Energy AB

     66,132       2,734,284  

Nibe Industrier AB, Class B

     73,859       724,143  

Skandinaviska Enskilda Banken AB, Class A

     34,826       390,542  

Svenska Handelsbanken AB, Class A

     9,686       97,696  

Tele2 AB, Class B

     263,398       3,491,152  

Telefonaktiebolaget LM Ericsson, Class B

     118,904       948,524  

Telia Co. AB

     71,309       295,976  

Volvo AB, Class B

     25,630       408,886  
   

 

 

  
    16,578,481  
 

 

 

 3

  

Schedule of Investments  (unaudited) (continued)

April 30, 2022

   

BlackRock World ex U.S. Carbon Transition Readiness ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Switzerland — 9.5%      

ABB Ltd., Registered

     154,809     $ 4,644,570  

Alcon Inc.

     835       59,620  

Chocoladefabriken Lindt & Spruengli AG, Participation Certificates, NVS

     167 1,872,902  

Chocoladefabriken Lindt & Spruengli AG, Registered

     1       118,633  

Coca-Cola HBC AG, Class DI

     10,688       216,687  

Credit Suisse Group AG, Registered

     68,303       463,594  

Geberit AG, Registered

     167       95,236  

Givaudan SA, Registered

     1,002       3,982,471  

Julius Baer Group Ltd.

     7,181       343,164  

Nestle SA, Registered

     94,188       12,159,113  

Novartis AG, Registered

     52,772       4,663,422  

Partners Group Holding AG

     835       884,680  

Roche Holding AG, Bearer

     2,842       1,141,760  

Roche Holding AG, NVS

     29,392       10,898,957  

Schindler Holding AG, Participation Certificates, NVS

     1,169       224,595  

Siemens Energy AG(a)

     7,136       137,455  

Sonova Holding AG, Registered

     1,837       662,470  

Straumann Holding AG

     3,340       393,758  

Swiss Re AG

     9,519       780,623  

UBS Group AG, Registered

     33,922       575,881  

Zurich Insurance Group AG

     11,857       5,398,131  
   

 

 

  
      49,717,722  
United Kingdom — 13.3%      

3i Group PLC

     23,547       385,352  

abrdn plc

     34,402       80,780  

Associated British Foods PLC

     8,183       163,748  

AstraZeneca PLC

     45,758       6,106,006  

Auto Trader Group PLC(c)

     56,446       445,481  

Aviva PLC

     159,151       853,865  

Barclays PLC

     743,484       1,366,628  

Barratt Developments PLC

     13,694       83,780  

Berkeley Group Holdings PLC

     30,060       1,524,538  

BP PLC

     570,639       2,754,927  

British Land Co PLC/The

     18,370       118,329  

BT Group PLC

     666,998       1,479,125  

Coca-Cola Europacific Partners PLC

     52,605       2,627,620  

Diageo PLC

     84,772       4,229,178  

Entain PLC(a)

     60,287       1,132,812  

Experian PLC

     56,947       1,966,628  

Ferguson PLC

     22,700       2,847,697  

GlaxoSmithKline PLC

     281,228       6,339,605  

HSBC Holdings PLC

     659,650       4,122,238  

Informa PLC(a)

     18,704       132,684  

Intertek Group PLC

     2,672       166,505  

J Sainsbury PLC

     495,990       1,447,177  

JD Sports Fashion PLC

     276,013       454,780  

Johnson Matthey PLC

     16,700       459,388  

Land Securities Group PLC

     41,583       389,989  

Lloyds Banking Group PLC

     2,531,553       1,437,828  

London Stock Exchange Group PLC

     10,020       987,889  

M&G PLC

     66,633       176,907  

NatWest Group PLC

     250,667       672,486  

Ocado Group PLC(a)

     11,857       135,604  
Security   Shares     Value  
United Kingdom (continued)      

Prudential PLC

     122,244     $ 1,521,749  

Reckitt Benckiser Group PLC

     1,002       78,141  

RELX PLC

     65,631       1,955,179  

Rolls-Royce Holdings PLC(a)

     130,427       133,709  

Sage Group PLC/The

     29,392       269,718  

Segro PLC

     162,491       2,720,441  

Shell PLC

     220,607       5,922,392  

Standard Chartered PLC

     84,502       577,683  

Taylor Wimpey PLC

     165,831       260,812  

Unilever PLC

     123,079       5,721,957  

Vodafone Group PLC

     2,959,574       4,480,674  

Whitbread PLC(a)

     15,030       524,650  

WPP PLC

     17,702       220,653  
   

 

 

  
    69,477,332  
   

 

 

  

Total Common Stocks — 98.0%
(Cost: $568,061,270)

       512,643,961  
   

 

 

  

Preferred Stocks

    

Germany — 0.7%

    

Bayerische Motoren Werke AG, Preference Shares, NVS

     12,358       910,396  

Henkel AG & Co. KGaA, Preference Shares, NVS

     18,036       1,158,115  

Sartorius AG, Preference Shares, NVS

     167       62,613  

Volkswagen AG, Preference Shares, NVS

     8,350       1,293,135  
   

 

 

  
    3,424,259  
   

 

 

  

Total Preferred Stocks — 0.7%
(Cost: $5,203,787)

       3,424,259  
   

 

 

  

Short-Term Investments

    

Money Market Funds — 0.6%

    

BlackRock Cash Funds: Institutional,
SL Agency Shares,
    0.38%(d)(e)(f)

     409,716       409,716  

BlackRock Cash Funds: Treasury,
SL Agency Shares,
    0.34%(d)(e)

     2,460,000       2,460,000  
   

 

 

  
    2,869,716  
   

 

 

  

Total Short-Term Investments — 0.6%
(Cost: $2,869,576)

       2,869,716  
   

 

 

  

Total Investments in Securities — 99.3%
(Cost: $576,134,633)

       518,937,936  

Other Assets, Less Liabilities — 0.7%

 

     3,914,063  
   

 

 

  

Net Assets — 100.0%

 

   $ 522,851,999  
   

 

 

  

 

(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.

 

 

 

      

4 

Schedule of Investments  (unaudited) (continued)

April 30, 2022

   

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 April 30, 2022 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
04/30/22		      Shares
Held at
04/30/22		      Income     Capital
Gain
Distributions
from
Underlying
Funds		  

BlackRock Cash Funds: Institutional,
SL Agency Shares

     $        —        $409,524 (a)    $ —     $ 52      $ 140      $ 409,716        409,716      $ 4,814 (b)    $ —  

BlackRock Cash Funds: Treasury,
SL Agency Shares

     3,020,000        —       (560,000 )(a)      —        —        2,460,000        2,460,000        962       —  
        

 

 

     

 

 

     

 

 

        

 

 

    

 

 

  
         $ 52      $ 140      $ 2,869,716         $ 5,776     $ —  
        

 

 

     

 

 

     

 

 

        

 

 

    

 

 

  

 

  (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

     57        06/17/22      $ 5,690      $ (288,005 ) 
          

 

 

  

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)

April 30, 2022

   

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

   $ 65,491,517     $ 447,152,444      $ —      $ 512,643,961  

Preferred Stocks

     —       3,424,259        —        3,424,259  

Money Market Funds

     2,869,716       —        —        2,869,716  
 

 

 

    

 

 

     

 

 

     

 

 

  
  $ 68,361,233     $ 450,576,703      $ —      $ 518,937,936  
 

 

 

    

 

 

     

 

 

     

 

 

  

Derivative financial instruments(a)

          

Liabilities

          

Futures Contracts

   $ (288,005 )    $ —      $         —      $ (288,005 ) 
 

 

 

    

 

 

     

 

 

     

 

 

  

 

  (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