NPORT-EX 2 NPORT_9ETM_63983785_0423.htm BlackRock Future Financial and Technology ETF

Schedule of Investments  (unaudited)

April 30, 2023

   

BlackRock Future Financial and Technology ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    
Banks — 8.9%            

FinecoBank Banca Fineco SpA

     4,819     $   73,045  

Inter & Co. Inc., NVS(a)

     42,857       75,527  

Inter & Co. Inc., Class A, NVS(a)(b)

     19,989       34,981  

JPMorgan Chase & Co.

     335       46,311  

Live Oak Bancshares Inc.

     2,142       50,465  

Rakuten Bank Ltd., NVS

     5,500       73,269  
   

 

 

  
        353,598  
Capital Markets — 5.4%            

Assetmark Financial Holdings Inc.(a)

     2,348       72,036  

XP Inc., Class A(a)

     10,031       143,343  
   

 

 

  
      215,379  
Consumer Finance — 20.6%            

American Express Co.

     1,146       184,896  

Capital One Financial Corp.

     1,791       174,264  

Discover Financial Services

     494       51,114  

Kaspi.KZ JSC

     2,495       206,162  

Oportun Financial Corp.(a)

     8,399       34,184  

Synchrony Financial

     5,521       162,925  
   

 

 

  
      813,545  
Financial Services — 54.1%            

Adyen NV(a)(c)

     26       41,778  

Block Inc.(a)

     529       32,158  

Fidelity National Information Services Inc.

     3,625       212,860  

Fiserv Inc.(a)

     1,636       199,788  

Global Payments Inc.

     1,875       211,331  

Illimity Bank SpA(a)

     11,632       82,079  

Mastercard Inc., Class A

     107       40,663  

Network International Holdings PLC(a)(c)

     27,476       133,702  

Nexi SpA(a)(c)

     12,949       107,371  

Nuvei Corp.(a)(c)

     4,391       178,317  

Pagseguro Digital Ltd., Class A(a)

     17,499       172,190  

Payoneer Global Inc.(a)

     22,080       120,557  

PayPal Holdings Inc.(a)

     1,974       150,024  

Repay Holdings Corp.(a)(b)

     16,785       105,242  

Shift4 Payments Inc., Class A(a)(b)

     551       37,341  

 

Security   Shares     Value  
Financial Services (continued)            

Visa Inc., Class A

     171     $ 39,797  

WEX Inc.(a)

     1,052       186,572  

Worldline SA/France(a)(c)

     2,022       87,963  
   

 

 

  
      2,139,733  
Professional Services — 1.9%            

Verra Mobility Corp.(a)

     4,465       75,682  
   

 

 

  
Software — 6.0%            

Black Knight Inc.(a)

     3,318       181,295  

Temenos AG, Registered

     688       57,953  
   

 

 

  
      239,248  
   

 

 

  

Total Long-Term Investments — 96.9%
(Cost: $4,020,956)

       3,837,185  
   

 

 

  

Short-Term Securities

    
Money Market Funds — 4.5%            

BlackRock Cash Funds: Institutional, SL Agency Shares, 5.02%(d)(e)(f)

     96,190       96,218  

BlackRock Cash Funds: Treasury, SL Agency Shares, 4.75%(d)(e)

    80,000       80,000  
   

 

 

  

Total Short-Term Securities — 4.5%
(Cost: $176,208)

       176,218  
   

 

 

  

Total Investments — 101.4%
(Cost: $4,197,164)

       4,013,403  

Liabilities in Excess of Other Assets — (1.4)%

       (55,426 ) 
   

 

 

  

Net Assets — 100.0%

     $   3,957,977  
   

 

 

  

 

(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.

 

 

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period endedApril 30, 2023 for purposes of Section 2(a)(3) of the Investment CompanyAct of 1940, as amended, were as follows:

 

Affiliated Issuer   Value at
08/16/22(a)
      Purchases
at Cost		      Proceeds
from Sale		      Net Realized
Gain (Loss)		     Change in
Unrealized
Appreciation
(Depreciation)		      Value at
04/30/23		      Shares
Held at
04/30/23		      Income     

Capital

Gain
Distributions
from
Underlying
Funds

  

BlackRock Cash Funds: Institutional, SL Agency Shares

   $ —        $ 96,214(b)        $            —      $ (7)     $ 11        $  96,218        96,190      $   3,885(c)      $ —  

BlackRock Cash Funds: Treasury, SL Agency Shares

     —        80,000(b)        —        —       —        80,000        80,000        7,936        —  
          

 

 

    

 

 

     

 

 

        

 

 

     

 

 

  
           $ (7 )    $ 11      $ 176,218         $ 11,821      $ —  
          

 

 

    

 

 

     

 

 

        

 

 

     

 

 

  

 

  (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.

 

 

 

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Schedule of Investments  (unaudited) (continued)

April 30, 2023

   

BlackRock Future Financial and Technology ETF

 

Fair Value Hierarchy as of Period End

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 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 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  

Assets

           

Investments

           

Long-Term Investments

           

Common Stocks

   $ 3,180,834      $ 656,351      $ —      $ 3,837,185  

Short-Term Securities

           

Money Market Funds

     176,218        —        —        176,218  
 

 

 

     

 

 

     

 

 

     

 

 

  
  $ 3,357,052      $ 656,351      $ —      $ 4,013,403  
 

 

 

     

 

 

     

 

 

     

 

 

  

 

Portfolio Abbreviation
JSC    Joint Stock Company
NVS    Non-Voting Shares

 

 

 

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