NPORT-EX 2 NPORT_9ETI_46309824_0422.htm BlackRock Future U.S. Themes ETF

Schedule of Investments  (unaudited)

April 30, 2022

   

BlackRock Future U.S. Themes ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    
Air Freight & Logistics — 0.1%            

United Parcel Service Inc., Class B

     25     $ 4,499  
   

 

 

  
Automobiles — 0.4%            

Ford Motor Co.

     1,079       15,279  
   

 

 

  
Banks — 2.2%            

JPMorgan Chase & Co.

     764       91,191  

PNC Financial Services Group Inc. (The)

     15       2,492  
   

 

 

  
          93,683  
Building Products — 0.2%            

Builders FirstSource Inc.(a)

    69       4,248  

Johnson Controls International PLC

     58       3,473  
   

 

 

  
      7,721  
Capital Markets — 6.3%            

Affiliated Managers Group Inc.

     235       29,509  

Ameriprise Financial Inc.

     45       11,947  

Ares Management Corp., Class A

     244       16,158  

Bank of New York Mellon Corp. (The)

     72       3,028  

Blackstone Inc., NVS

     127       12,900  

Charles Schwab Corp. (The)

     760       50,411  

Goldman Sachs Group Inc. (The)

     30       9,165  

Houlihan Lokey Inc.

     15       1,249  

Intercontinental Exchange Inc.

     600       69,486  

KKR & Co. Inc.

     260       13,252  

Moody’s Corp.

     10       3,165  

Morgan Stanley

     180       14,506  

Raymond James Financial Inc.

     130       12,670  

S&P Global Inc.

     14       5,271  

Stifel Financial Corp.

     240       14,844  

T Rowe Price Group Inc.

     33       4,060  
   

 

 

  
      271,621  
Chemicals — 3.4%            

CF Industries Holdings Inc.

     363       35,149  

Linde PLC

     115       35,875  

Olin Corp.

     1,317       75,596  
   

 

 

  
      146,620  
Commercial Services & Supplies — 1.4%            

Copart Inc.(a)

    95       10,797  

Waste Connections Inc.

     325       44,840  

Waste Management Inc.

     25       4,111  
   

 

 

  
      59,748  
Communications Equipment — 0.1%            

Arista Networks Inc.(a)

    25       2,889  
   

 

 

  
Consumer Finance — 1.2%            

American Express Co.

     268       46,822  

Capital One Financial Corp.

     45       5,608  

Discover Financial Services

     15       1,687  
   

 

 

  
      54,117  
Distributors — 0.3%            

Genuine Parts Co.

     80       10,404  

LKQ Corp.

     90       4,467  
   

 

 

  
      14,871  
Diversified Financial Services — 4.2%            

Berkshire Hathaway Inc., Class B(a)

    570       184,013  
   

 

 

  
Electronic Equipment, Instruments & Components — 4.7%  

Amphenol Corp., Class A

     1,050       75,075  
Security   Shares     Value  
Electronic Equipment, Instruments & Components (continued)  

Arrow Electronics Inc.(a)

    440     $ 51,858  

CDW Corp./DE

     5       816  

Jabil Inc.

     515       29,731  

Keysight Technologies Inc.(a)

    65       9,118  

TD SYNNEX Corp.

     60       6,005  

TE Connectivity Ltd.

     200       24,956  

Trimble Inc.(a)

    60       4,002  
   

 

 

  
          201,561  
Food & Staples Retailing — 0.7%            

Costco Wholesale Corp.

     59       31,371  
   

 

 

  
Food Products — 0.0%            

Hershey Co. (The)

     9       2,032  
   

 

 

  
Health Care Providers & Services — 2.6%            

HCA Healthcare Inc.

     35       7,509  

UnitedHealth Group Inc.

     205       104,253  
   

 

 

  
      111,762  
Hotels, Restaurants & Leisure — 2.1%            

McDonald’s Corp.

     365       90,943  

Yum! Brands Inc.

     7       819  
   

 

 

  
      91,762  
Household Products — 3.0%            

Procter & Gamble Co. (The)

     807       129,564  
   

 

 

  
Insurance — 0.4%            

American Financial Group Inc./OH

     42       5,816  

Loews Corp.

     30       1,885  

Marsh & McLennan Companies Inc.

     55       8,894  
   

 

 

  
      16,595  
Interactive Media & Services — 10.7%            

Alphabet Inc., Class A(a)

    88       200,832  

Alphabet Inc., Class C, NVS(a)

    85       195,443  

Meta Platforms Inc, Class A(a)

    325       65,153  
   

 

 

  
      461,428  
Internet & Direct Marketing Retail — 2.0%            

Amazon.com Inc.(a)

    35       86,997  
   

 

 

  
IT Services — 7.7%            

Accenture PLC, Class A

     475       142,671  

Automatic Data Processing Inc.

     60       13,091  

Broadridge Financial Solutions Inc.

     10       1,441  

Cognizant Technology Solutions Corp., Class A

     495       40,046  

Genpact Ltd.

     530       21,343  

Paychex Inc.

     135       17,109  

SS&C Technologies Holdings Inc.

     1,540       99,576  
   

 

 

  
      335,277  
Machinery — 0.4%            

Dover Corp.

     40       5,332  

Graco Inc.

     221       13,706  
   

 

 

  
      19,038  
Metals & Mining — 0.2%            

Alcoa Corp.

     38       2,576  

Reliance Steel & Aluminum Co.

     40       7,930  
   

 

 

  
      10,506  
Multiline Retail — 1.8%            

Dillard’s Inc., Class A

     161       48,914  

Target Corp.

     125       28,581  
   

 

 

  
      77,495  
 

 

 

    

   1

Schedule of Investments  (unaudited) (continued)

April 30, 2022

   

BlackRock Future U.S. Themes ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Oil, Gas & Consumable Fuels — 3.8%            

ConocoPhillips

     159     $ 15,188  

Continental Resources Inc./OK

     66       3,668  

Devon Energy Corp.

     226       13,146  

EOG Resources Inc.

     388       45,303  

Matador Resources Co.

     449       21,920  

Ovintiv Inc.

     650       33,274  

PDC Energy Inc.

     434       30,267  

Pioneer Natural Resources Co.

     13       3,022  
   

 

 

  
          165,788  
Pharmaceuticals — 1.4%            

Johnson & Johnson

     328       59,191  
   

 

 

  
Professional Services — 0.2%            

ASGN Inc.(a)

    50       5,673  

Robert Half International Inc.

     30       2,949  
   

 

 

  
      8,622  
Road & Rail — 1.0%            

Union Pacific Corp.

     180       42,172  
   

 

 

  
Semiconductors & Semiconductor Equipment — 11.4%  

Analog Devices Inc.

     176       27,171  

Applied Materials Inc.

     174       19,201  

Broadcom Inc.

     154       85,376  

Intel Corp.

     1,028       44,810  

KLA Corp.

     10       3,193  

Microchip Technology Inc.

     310       20,212  

Micron Technology Inc.

     600       40,914  

NVIDIA Corp.

     89       16,507  

NXP Semiconductors NV

     40       6,836  

Qorvo Inc.(a)

    95       10,809  

QUALCOMM Inc.

     745       104,069  

Semtech Corp.(a)

    60       3,576  

Skyworks Solutions Inc.

     160       18,128  

Synaptics Inc.(a)

    109       16,180  

Texas Instruments Inc.

     446       75,931  
   

 

 

  
      492,913  
Software — 10.6%            

Adobe Inc.(a)

    15       5,939  

Autodesk Inc.(a)

    10       1,893  

Cadence Design Systems Inc.(a)

    55       8,297  

Intuit Inc.

     10       4,187  

Microsoft Corp.

     1,380       382,978  
Security   Shares     Value  
Software (continued)            

Oracle Corp.

     410     $ 30,094  

Synopsys Inc.(a)

    75       21,509  

Tyler Technologies Inc.(a)

    5       1,974  
   

 

 

  
      456,871  
Specialty Retail — 2.0%            

Home Depot Inc. (The)

     175       52,570  

Lowe’s Companies Inc.

     160       31,637  

TJX Companies Inc. (The)

     18       1,103  
   

 

 

  
      85,310  
Technology Hardware, Storage & Peripherals — 10.6%  

Apple Inc.

     2,715       428,020  

Dell Technologies Inc., Class C

     684       32,155  
   

 

 

  
      460,175  
Textiles, Apparel & Luxury Goods — 1.1%            

Nike Inc., Class B

     389       48,508  
   

 

 

  
Trading Companies & Distributors — 0.6%            

Fastenal Co.

     170       9,403  

United Rentals Inc.(a)

    40       12,661  

WW Grainger Inc.

     5       2,500  
   

 

 

  
      24,564  
   

 

 

  

Total Common Stocks — 98.8%
(Cost: $4,884,262)

       4,274,563  
   

 

 

  

Short-Term Investments

    
Money Market Funds — 0.9%            

BlackRock Cash Funds: Treasury,
SL Agency Shares,
0.34%(b)(c) .

     40,000       40,000  
   

 

 

  

Total Short-Term Investments — 0.9%
(Cost: $40,000)

       40,000  
   

 

 

  

Total Investments in Securities — 99.7%
(Cost: $4,924,262)

       4,314,563  

Other Assets, Less Liabilities — 0.3%

       13,185  
   

 

 

  

Net Assets — 100.0%

     $   4,327,748  
   

 

 

  

 

(a) 

Non-income producing security.

(b) 

Affiliate of the Fund.

(c) 

Annualized 7-day yield as of period end.

 

 

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
12/14/21		  
(a) 		    
 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(b) .

   $ —     $ 0 (c)     $ (1 )    $ 1     $ —     $ —       —     $ 20 (d)    $ —  

BlackRock Cash Funds: Treasury,
SL Agency Shares

     —       40,000 (c)      —       —       —       40,000       40,000       23       —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  
        $ 1     $ —     $ 40,000       $ 43     $ —  
       

 

 

    

 

 

    

 

 

      

 

 

    

 

 

  

 

  (a) 

Commencement of operations.

 
  (b) 

As of period end, the entity is no longer held.

 

 

 

2  

Schedule of Investments  (unaudited) (continued)

April 30, 2022

   

BlackRock Future U.S. Themes ETF

 

Affiliates (continued)

 

  (c) 

Represents net amount purchased (sold).

 
  (d) 

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

           

Micro E-mini S&P 500 Index

     2        06/17/22      $ 41      $ (362 ) 
          

 

 

  

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.

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

   $ 4,274,563     $ —      $ —      $ 4,274,563  

Money Market Funds

     40,000       —        —        40,000  
 

 

 

    

 

 

     

 

 

     

 

 

  
  $ 4,314,563     $ —      $ —      $ 4,314,563  
 

 

 

    

 

 

     

 

 

     

 

 

  

Derivative financial instruments(a)

         

Liabilities

          

Futures Contracts

   $ (362 )    $         —      $         —      $ (362 ) 
 

 

 

    

 

 

     

 

 

     

 

 

  

 

  (a) 

Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

 

Portfolio Abbreviations - Equity
NVS    Non-Voting Shares

 

 

    

   3