Schedule of Investments (unaudited) April 30, 2023 | BlackRock U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks | ||||||||
Industrial REITs — 0.4% | ||||||||
Prologis Inc. | 42,440 | $ | 5,315,610 | |||||
Rexford Industrial Realty Inc. | 8,636 | 481,630 | ||||||
|
| |||||||
5,797,240 | ||||||||
Aerospace & Defense — 0.3% | ||||||||
Hexcel Corp. | 3,672 | 264,677 | ||||||
Howmet Aerospace Inc. | 11,286 | 499,857 | ||||||
Raytheon Technologies Corp. | 31,332 | 3,130,067 | ||||||
|
| |||||||
3,894,601 | ||||||||
Air Freight & Logistics — 0.9% | ||||||||
CH Robinson Worldwide Inc. | 35,614 | 3,592,384 | ||||||
Expeditors International of Washington Inc. | 36,603 | 4,166,886 | ||||||
FedEx Corp. | 5,120 | 1,166,234 | ||||||
United Parcel Service Inc., Class B | 22,161 | 3,984,769 | ||||||
|
| |||||||
12,910,273 | ||||||||
Passenger Airlines — 0.1% | ||||||||
Alaska Air Group Inc.(a) | 27,006 | 1,173,681 | ||||||
JetBlue Airways Corp.(a) | 92,535 | 660,700 | ||||||
|
| |||||||
1,834,381 | ||||||||
Automobile Components — 0.1% | ||||||||
Aptiv PLC(a) | 8,926 | 918,128 | ||||||
BorgWarner Inc. | 5,457 | 262,646 | ||||||
|
| |||||||
1,180,774 | ||||||||
Automobiles — 1.5% | ||||||||
Ford Motor Co. | 93,639 | 1,112,431 | ||||||
General Motors Co. | 94,042 | 3,107,148 | ||||||
Lucid Group Inc.(a)(b) | 15,805 | 125,492 | ||||||
Rivian Automotive Inc., Class A(a)(b) | 14,860 | 190,505 | ||||||
Tesla Inc.(a) | 100,149 | 16,455,482 | ||||||
|
| |||||||
20,991,058 | ||||||||
Banks — 2.8% | ||||||||
Bank of America Corp. | 54,937 | 1,608,555 | ||||||
Bank of Hawaii Corp. | 12,510 | 605,859 | ||||||
Bank OZK | 9,143 | 326,588 | ||||||
Citigroup Inc. | 105,250 | 4,954,118 | ||||||
Citizens Financial Group Inc. | 91,615 | 2,834,568 | ||||||
Commerce Bancshares Inc. | 8,254 | 460,986 | ||||||
East West Bancorp. Inc. | 9,520 | 492,089 | ||||||
Fifth Third Bancorp. | 95,565 | 2,503,803 | ||||||
First Republic Bank/CA(b) | 12,914 | 45,328 | ||||||
FNB Corp. | 118,340 | 1,358,543 | ||||||
Huntington Bancshares Inc./OH | 187,432 | 2,099,238 | ||||||
JPMorgan Chase & Co. | 114,733 | 15,860,690 | ||||||
KeyCorp. | 281,482 | 3,169,487 | ||||||
M&T Bank Corp. | 10,701 | 1,346,186 | ||||||
U.S. Bancorp. | 47,077 | 1,613,800 | ||||||
Wells Fargo & Co. | 39,470 | 1,568,933 | ||||||
|
| |||||||
40,848,771 | ||||||||
Beverages — 2.7% | ||||||||
Coca-Cola Co. (The) | 316,733 | 20,318,422 | ||||||
Keurig Dr Pepper Inc. | 74,414 | 2,433,338 | ||||||
Molson Coors Beverage Co., Class B | 38,273 | 2,276,478 | ||||||
Monster Beverage Corp.(a) | 11,849 | 663,544 | ||||||
PepsiCo Inc. | 66,149 | 12,627,182 | ||||||
|
| |||||||
38,318,964 | ||||||||
Biotechnology — 2.6% | ||||||||
AbbVie Inc. | 95,818 | 14,480,016 |
Security | Shares | Value | ||||||
Biotechnology (continued) | ||||||||
Alnylam Pharmaceuticals Inc.(a) | 2,354 | $ | 468,917 | |||||
Amgen Inc. | 22,612 | 5,421,001 | ||||||
Biogen Inc.(a) | 15,359 | 4,672,668 | ||||||
BioMarin Pharmaceutical Inc.(a) | 1,763 | 169,318 | ||||||
Gilead Sciences Inc. | 38,856 | 3,194,352 | ||||||
Incyte Corp.(a) | 4,527 | 336,854 | ||||||
Mirati Therapeutics Inc.(a) | 5,567 | 246,674 | ||||||
Moderna Inc.(a) | 9,593 | 1,274,814 | ||||||
Regeneron Pharmaceuticals Inc.(a) | 3,440 | 2,758,158 | ||||||
Seagen Inc.(a)(b) | 2,022 | 404,400 | ||||||
Vertex Pharmaceuticals Inc.(a) | 9,762 | 3,326,206 | ||||||
|
| |||||||
36,753,378 | ||||||||
Building Products — 1.6% | ||||||||
A O Smith Corp. | 50,598 | 3,455,337 | ||||||
Builders FirstSource Inc.(a) | 23,938 | 2,268,604 | ||||||
Carrier Global Corp. | 33,546 | 1,402,894 | ||||||
Fortune Brands Home & Security Inc., NVS | 4,903 | 317,175 | ||||||
Johnson Controls International PLC | 101,933 | 6,099,671 | ||||||
Masco Corp. | 22,712 | 1,215,319 | ||||||
Owens Corning | 7,334 | 783,345 | ||||||
Trane Technologies PLC | 37,352 | 6,940,375 | ||||||
|
| |||||||
22,482,720 | ||||||||
Capital Markets — 3.3% | ||||||||
Bank of New York Mellon Corp. (The) | 90,594 | 3,858,398 | ||||||
Blackstone Inc., NVS | 19,215 | 1,716,476 | ||||||
Cboe Global Markets Inc. | 4,058 | 566,903 | ||||||
Charles Schwab Corp. (The) | 73,101 | 3,818,796 | ||||||
CME Group Inc. | 11,189 | 2,078,581 | ||||||
Coinbase Global Inc., Class A(a)(b) | 6,614 | 355,767 | ||||||
FactSet Research Systems Inc. | 5,567 | 2,291,878 | ||||||
Goldman Sachs Group Inc. (The) | 28,656 | 9,841,617 | ||||||
Interactive Brokers Group Inc., Class A | 6,399 | 498,162 | ||||||
Janus Henderson Group PLC | 16,750 | 434,662 | ||||||
LPL Financial Holdings Inc. | 16,403 | 3,425,603 | ||||||
Moody’s Corp. | 1,667 | 521,971 | ||||||
Morgan Stanley | 6,710 | 603,699 | ||||||
MSCI Inc. | 7,117 | 3,433,597 | ||||||
Nasdaq Inc. | 66,150 | 3,662,725 | ||||||
Raymond James Financial Inc. | 12,945 | 1,171,911 | ||||||
S&P Global Inc. | 13,647 | 4,948,129 | ||||||
State Street Corp. | 57,439 | 4,150,542 | ||||||
|
| |||||||
47,379,417 | ||||||||
Chemicals — 2.0% | ||||||||
Air Products and Chemicals Inc. | 4,921 | 1,448,546 | ||||||
Albemarle Corp. | 2,168 | 402,077 | ||||||
Axalta Coating Systems Ltd.(a) | 4,512 | 142,444 | ||||||
DuPont de Nemours Inc. | 4,153 | 289,547 | ||||||
Ecolab Inc. | 44,292 | 7,433,969 | ||||||
Element Solutions Inc. | 46,287 | 840,109 | ||||||
FMC Corp. | 11,285 | 1,394,600 | ||||||
International Flavors & Fragrances Inc. | 6,645 | 644,299 | ||||||
Linde PLC | 25,802 | 9,532,549 | ||||||
PPG Industries Inc. | 21,649 | 3,036,489 | ||||||
Sherwin-Williams Co. (The) | 14,648 | 3,479,486 | ||||||
|
| |||||||
28,644,115 | ||||||||
Commercial Services & Supplies — 0.8% | ||||||||
Clean Harbors Inc.(a) | 2,535 | 367,980 | ||||||
Republic Services Inc. | 11,585 | 1,675,423 | ||||||
Waste Management Inc. | 53,273 | 8,845,982 | ||||||
|
| |||||||
10,889,385 |
| 1 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Communications Equipment — 1.0% | ||||||||
Arista Networks Inc.(a) | 6,988 | $ | 1,119,198 | |||||
Cisco Systems Inc. | 276,427 | 13,061,176 | ||||||
Motorola Solutions Inc. | 1,033 | 301,016 | ||||||
|
| |||||||
14,481,390 | ||||||||
Construction & Engineering — 0.2% | ||||||||
AECOM | 25,515 | 2,119,021 | ||||||
MasTec Inc.(a)(b) | 8,214 | 729,485 | ||||||
|
| |||||||
2,848,506 | ||||||||
Consumer Finance — 0.4% | ||||||||
Ally Financial Inc. | 37,152 | 980,070 | ||||||
American Express Co. | 15,806 | 2,550,140 | ||||||
Capital One Financial Corp. | 12,901 | 1,255,267 | ||||||
Synchrony Financial. | 13,703 | 404,376 | ||||||
|
| |||||||
5,189,853 | ||||||||
Containers & Packaging — 0.4% | ||||||||
Avery Dennison Corp. | 11,101 | 1,936,903 | ||||||
Ball Corp. | 47,793 | 2,541,632 | ||||||
Berry Global Group Inc. | 12,672 | 732,568 | ||||||
Crown Holdings Inc. | 5,694 | 488,431 | ||||||
Graphic Packaging Holding Co. | 10,381 | 255,995 | ||||||
Westrock Co. | 7,093 | 212,294 | ||||||
|
| |||||||
6,167,823 | ||||||||
Distributors — 0.0% | ||||||||
Pool Corp. | 1,016 | 356,941 | ||||||
|
| |||||||
Diversified Consumer Services — 0.2% | ||||||||
Bright Horizons Family Solutions Inc.(a)(b) | 5,552 | 422,618 | ||||||
Grand Canyon Education Inc.(a)(b) | 7,449 | 884,196 | ||||||
H&R Block Inc. | 11,336 | 384,404 | ||||||
Service Corp. International | 14,273 | 1,001,822 | ||||||
|
| |||||||
2,693,040 | ||||||||
Financial Services — 3.9% | ||||||||
Berkshire Hathaway Inc., Class B(a) | 60,544 | 19,891,731 | ||||||
Block Inc.(a)(b) | 9,047 | 549,967 | ||||||
Mastercard Inc., Class A | 41,977 | 15,952,519 | ||||||
MGIC Investment Corp. | 11,319 | 168,314 | ||||||
PayPal Holdings Inc.(a) | 55,997 | 4,255,772 | ||||||
Visa Inc., Class A | 63,768 | 14,840,727 | ||||||
|
| |||||||
55,659,030 | ||||||||
Diversified Telecommunication Services — 0.8% | ||||||||
AT&T Inc. | 306,200 | 5,410,554 | ||||||
Frontier Communications Parent Inc.(a) | 7,080 | 159,583 | ||||||
Lumen Technologies Inc. | 50,198 | 118,970 | ||||||
Verizon Communications Inc. | 141,270 | 5,485,514 | ||||||
|
| |||||||
11,174,621 | ||||||||
Electric Utilities — 1.6% | ||||||||
Avangrid Inc. | 41,741 | 1,680,493 | ||||||
Constellation Energy Corp. | 2,961 | 229,182 | ||||||
Edison International | 45,507 | 3,349,315 | ||||||
Eversource Energy | 93,441 | 7,251,956 | ||||||
Exelon Corp. | 60,853 | 2,582,601 | ||||||
Hawaiian Electric Industries Inc. | 3,853 | 151,076 | ||||||
NextEra Energy Inc. | 89,327 | 6,845,128 | ||||||
PG&E Corp.(a)(b) | 28,948 | 495,300 | ||||||
|
| |||||||
22,585,051 |
Security | Shares | Value | ||||||
Electrical Equipment — 1.3% | ||||||||
Acuity Brands Inc. | 18,603 | $ | 2,927,740 | |||||
AMETEK Inc. | 17,031 | 2,349,086 | ||||||
Eaton Corp. PLC | 31,744 | 5,305,057 | ||||||
Emerson Electric Co. | 6,938 | 577,658 | ||||||
Generac Holdings Inc.(a) | 2,372 | 242,466 | ||||||
Rockwell Automation Inc. | 24,181 | 6,853,137 | ||||||
Sunrun Inc.(a)(b) | 40,192 | 845,640 | ||||||
Vertiv Holdings Co. | 8,757 | 130,654 | ||||||
|
| |||||||
19,231,438 | ||||||||
Electronic Equipment, Instruments & Components — 0.1% | ||||||||
National Instruments Corp. | 20,105 | 1,170,714 | ||||||
Trimble Inc.(a) | 10,387 | 489,228 | ||||||
|
| |||||||
1,659,942 | ||||||||
Energy Equipment & Services — 0.3% | ||||||||
Baker Hughes Co. | 103,535 | 3,027,363 | ||||||
Halliburton Co. | 34,501 | 1,129,908 | ||||||
Schlumberger NV | 5,203 | 256,768 | ||||||
|
| |||||||
4,414,039 | ||||||||
Entertainment — 1.3% | ||||||||
Activision Blizzard Inc. | 4,406 | 342,390 | ||||||
AMC Entertainment Holdings Inc., Class A(a)(b) | 38,428 | 211,354 | ||||||
Live Nation Entertainment Inc.(a) | 16,297 | 1,104,611 | ||||||
Madison Square Garden Sports Corp. | 4,451 | 892,425 | ||||||
Netflix Inc.(a) | 22,017 | 7,264,069 | ||||||
Roku Inc.(a) | 2,775 | 155,983 | ||||||
Spotify Technology SA(a) | 8,757 | 1,169,935 | ||||||
Walt Disney Co. (The)(a)(b) | 62,824 | 6,439,460 | ||||||
Warner Bros. Discovery Inc.(a) | 95,585 | 1,300,912 | ||||||
|
| |||||||
18,881,139 | ||||||||
Consumer Staples Distribution & Retail — 1.7% | ||||||||
Costco Wholesale Corp. | 13,825 | 6,957,016 | ||||||
Kroger Co. (The) | 36,112 | 1,756,127 | ||||||
Sysco Corp. | 9,434 | 723,965 | ||||||
Target Corp. | 21,942 | 3,461,350 | ||||||
Walgreens Boots Alliance Inc. | 97,558 | 3,438,920 | ||||||
Walmart Inc. | 54,129 | 8,171,855 | ||||||
|
| |||||||
24,509,233 | ||||||||
Food Products — 0.8% | ||||||||
Archer-Daniels-Midland Co. | 20,308 | 1,585,649 | ||||||
Bunge Ltd. | 8,732 | 817,315 | ||||||
Darling Ingredients Inc.(a) | 8,912 | 530,888 | ||||||
General Mills Inc. | 14,455 | 1,281,147 | ||||||
Kellogg Co. | 41,338 | 2,884,152 | ||||||
McCormick & Co. Inc./MD, NVS | 5,154 | 452,779 | ||||||
Mondelez International Inc., Class A | 44,764 | 3,434,294 | ||||||
|
| |||||||
10,986,224 | ||||||||
Specialized REITs — 1.0% | ||||||||
American Tower Corp. | 20,034 | 4,094,749 | ||||||
Crown Castle Inc. | 10,021 | 1,233,485 | ||||||
Digital Realty Trust Inc. | 17,711 | 1,756,046 | ||||||
Equinix Inc. | 5,752 | 4,164,908 | ||||||
Iron Mountain Inc. | 12,403 | 685,142 | ||||||
Weyerhaeuser Co. | 60,565 | 1,811,499 | ||||||
|
| |||||||
13,745,829 | ||||||||
Health Care Equipment & Supplies — 3.2% | ||||||||
Abbott Laboratories | 104,753 | 11,572,064 | ||||||
Baxter International Inc. | 17,833 | 850,277 | ||||||
Becton Dickinson and Co. | 22,932 | 6,061,157 |
2 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Health Care Equipment & Supplies (continued) | ||||||||
Boston Scientific Corp.(a) | 35,771 | $ | 1,864,385 | |||||
DENTSPLY SIRONA Inc. | 100,588 | 4,217,655 | ||||||
Dexcom Inc.(a) | 9,824 | 1,192,044 | ||||||
Edwards Lifesciences Corp.(a) | 38,581 | 3,394,356 | ||||||
GE Healthcare Inc., NVS(a) | 16,703 | 1,358,622 | ||||||
Hologic Inc.(a) | 37,892 | 3,259,091 | ||||||
ICU Medical Inc.(a) | 5,272 | 997,146 | ||||||
Insulet Corp.(a)(b) | 6,778 | 2,155,675 | ||||||
Intuitive Surgical Inc.(a) | 4,886 | 1,471,761 | ||||||
Medtronic PLC | 55,978 | 5,091,199 | ||||||
ResMed Inc. | 8,979 | 2,163,580 | ||||||
|
| |||||||
45,649,012 | ||||||||
Health Care Providers & Services — 2.9% | ||||||||
AmerisourceBergen Corp. | 10,675 | 1,781,124 | ||||||
Cardinal Health Inc. | 18,964 | 1,556,944 | ||||||
Centene Corp.(a) | 37,428 | 2,579,912 | ||||||
Cigna Group (The) | 11,521 | 2,918,154 | ||||||
CVS Health Corp. | 67,462 | 4,945,639 | ||||||
Elevance Health Inc. | 9,160 | 4,292,834 | ||||||
HCA Healthcare Inc. | 5,419 | 1,557,041 | ||||||
Humana Inc. | 5,104 | 2,707,621 | ||||||
McKesson Corp. | 3,096 | 1,127,687 | ||||||
UnitedHealth Group Inc. | 36,116 | 17,772,323 | ||||||
|
| |||||||
41,239,279 | ||||||||
Health Care Technology — 0.0% | ||||||||
Veeva Systems Inc., Class A(a) | 2,330 | 417,256 | ||||||
|
| |||||||
Hotels, Restaurants & Leisure — 2.0% | ||||||||
Airbnb Inc., Class A(a)(b) | 14,774 | 1,768,005 | ||||||
Aramark | 6,435 | 223,295 | ||||||
Booking Holdings Inc.(a) | 3,378 | 9,074,355 | ||||||
Boyd Gaming Corp. | 5,743 | 398,564 | ||||||
Caesars Entertainment Inc.(a) | 14,536 | 658,336 | ||||||
Chipotle Mexican Grill Inc.(a) | 705 | 1,457,672 | ||||||
Choice Hotels International Inc. | 1,489 | 189,877 | ||||||
Expedia Group Inc.(a) | 24,341 | 2,287,080 | ||||||
Las Vegas Sands Corp.(a) | 2,737 | 174,758 | ||||||
McDonald’s Corp. | 13,439 | 3,974,584 | ||||||
Norwegian Cruise Line Holdings Ltd.(a)(b) | 129,298 | 1,726,128 | ||||||
Planet Fitness Inc., Class A(a) | 6,734 | 559,865 | ||||||
Royal Caribbean Cruises Ltd.(a)(b) | 16,931 | 1,107,795 | ||||||
Six Flags Entertainment Corp.(a) | 6,575 | 159,575 | ||||||
Starbucks Corp. | 33,652 | 3,846,087 | ||||||
Wendy’s Co. (The) | 51,325 | 1,134,283 | ||||||
|
| |||||||
28,740,259 | ||||||||
Household Durables — 0.1% | ||||||||
Whirlpool Corp. | 13,706 | 1,913,221 | ||||||
|
| |||||||
Household Products — 1.0% | ||||||||
Church & Dwight Co. Inc. | 14,351 | 1,393,769 | ||||||
Colgate-Palmolive Co. | 29,379 | 2,344,444 | ||||||
Procter & Gamble Co. (The) | 69,198 | 10,821,184 | ||||||
|
| |||||||
14,559,397 | ||||||||
Independent Power and Renewable Electricity Producers — 0.1% | ||||||||
Brookfield Renewable Corp., Class A | 27,367 | 914,331 | ||||||
|
| |||||||
Industrial Conglomerates — 0.6% | ||||||||
3M Co. | 47,217 | 5,015,390 | ||||||
General Electric Co. | 43,721 | 4,327,067 | ||||||
|
| |||||||
9,342,457 |
Security | Shares | Value | ||||||
Health Care REITs — 0.1% | ||||||||
Ventas Inc. | 42,004 | $ | 2,018,292 | |||||
|
| |||||||
Insurance — 2.3% | ||||||||
Aflac Inc. | 79,693 | 5,566,556 | ||||||
Allstate Corp. (The) | 17,934 | 2,076,040 | ||||||
American Financial Group Inc./OH | 4,073 | 499,879 | ||||||
Aon PLC, Class A | 1,744 | 567,114 | ||||||
Arch Capital Group Ltd.(a) | 43,642 | 3,276,205 | ||||||
Assurant Inc. | 1,132 | 139,383 | ||||||
Assured Guaranty Ltd. | 14,300 | 770,341 | ||||||
Axis Capital Holdings Ltd. | 12,936 | 731,401 | ||||||
Cincinnati Financial Corp. | 8,338 | 887,497 | ||||||
Everest Re Group Ltd. | 476 | 179,928 | ||||||
Globe Life Inc. | 9,994 | 1,084,549 | ||||||
Hanover Insurance Group Inc. (The) | 2,185 | 261,239 | ||||||
Hartford Financial Services Group Inc. (The) | 8,914 | 632,805 | ||||||
Marsh & McLennan Companies Inc. | 12,278 | 2,212,373 | ||||||
Principal Financial Group Inc. | 66,359 | 4,956,354 | ||||||
Prudential Financial Inc. | 52,029 | 4,526,523 | ||||||
Reinsurance Group of America Inc. | 2,617 | 372,451 | ||||||
RenaissanceRe Holdings Ltd. | 2,706 | 582,900 | ||||||
Ryan Specialty Group Holdings Inc., Class A(a)(b) | 3,791 | 154,900 | ||||||
Travelers Companies Inc. (The) | 13,953 | 2,527,446 | ||||||
Willis Towers Watson PLC | 1,445 | 334,662 | ||||||
|
| |||||||
32,340,546 | ||||||||
Interactive Media & Services — 5.2% | ||||||||
Alphabet Inc., Class A(a) | 255,161 | 27,388,982 | ||||||
Alphabet Inc., Class C, NVS(a) | 229,738 | 24,862,246 | ||||||
IAC/InterActiveCorp.(a) | 15,024 | 777,792 | ||||||
Meta Platforms Inc, Class A(a) | 88,566 | 21,284,181 | ||||||
TripAdvisor Inc.(a)(b) | 11,908 | 211,129 | ||||||
|
| |||||||
74,524,330 | ||||||||
Retail REITs — 0.6% | ||||||||
Brixmor Property Group Inc. | 49,031 | 1,045,831 | ||||||
Federal Realty Investment Trust | 44,640 | 4,414,450 | ||||||
Realty Income Corp. | 18,521 | 1,163,860 | ||||||
Regency Centers Corp. | 27,522 | 1,690,676 | ||||||
Simon Property Group Inc. | 2,278 | 258,143 | ||||||
|
| |||||||
8,572,960 | ||||||||
IT Services — 1.9% | ||||||||
Accenture PLC, Class A | 56,343 | 15,792,379 | ||||||
Cloudflare Inc., Class A(a)(b) | 10,008 | 470,876 | ||||||
Cognizant Technology Solutions Corp., Class A | 32,559 | 1,944,098 | ||||||
DXC Technology Co.(a)(b) | 29,946 | 714,212 | ||||||
EPAM Systems Inc.(a)(b) | 1,696 | 479,018 | ||||||
Gartner Inc.(a) | 2,167 | 655,431 | ||||||
International Business Machines Corp. | 46,460 | 5,873,009 | ||||||
Okta Inc.(a) | 5,504 | 377,189 | ||||||
Snowflake Inc., Class A(a)(b) | 5,028 | 744,546 | ||||||
Wix.com Ltd.(a)(b) | 3,472 | 302,863 | ||||||
|
| |||||||
27,353,621 | ||||||||
Leisure Products — 0.2% | ||||||||
Hasbro Inc. | 42,169 | 2,497,248 | ||||||
Mattel Inc.(a) | 6,511 | 117,198 | ||||||
Polaris Inc. | 4,428 | 481,102 | ||||||
YETI Holdings Inc.(a)(b) | 7,111 | 280,529 | ||||||
|
| |||||||
3,376,077 | ||||||||
Life Sciences Tools & Services — 1.8% | ||||||||
Agilent Technologies Inc. | 30,142 | 4,082,131 |
| 3 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Life Sciences Tools & Services (continued) | ||||||||
Danaher Corp. | 8,415 | $ | 1,993,598 | |||||
Illumina Inc.(a) | 7,665 | 1,575,618 | ||||||
IQVIA Holdings Inc.(a) | 1,749 | 329,214 | ||||||
Mettler-Toledo International Inc.(a) | 3,272 | 4,880,188 | ||||||
PerkinElmer Inc. | 13,870 | 1,809,896 | ||||||
QIAGEN NV(a) | 18,605 | 829,969 | ||||||
Thermo Fisher Scientific Inc. | 16,538 | 9,176,936 | ||||||
Waters Corp.(a) | 1,856 | 557,468 | ||||||
|
| |||||||
25,235,018 | ||||||||
Machinery — 1.6% | ||||||||
AGCO Corp. | 4,912 | 608,793 | ||||||
Caterpillar Inc. | 20,828 | 4,557,166 | ||||||
Cummins Inc. | 15,720 | 3,694,829 | ||||||
Deere & Co. | 9,296 | 3,514,074 | ||||||
IDEX Corp. | 1,908 | 393,659 | ||||||
Illinois Tool Works Inc. | 2,884 | 697,755 | ||||||
Middleby Corp. (The)(a) | 3,753 | 528,723 | ||||||
Otis Worldwide Corp. | 8,048 | 686,494 | ||||||
Toro Co. (The) | 1,267 | 132,097 | ||||||
Westinghouse Air Brake Technologies Corp. | 9,553 | 933,042 | ||||||
Xylem Inc./NY | 73,243 | 7,605,553 | ||||||
|
| |||||||
23,352,185 | ||||||||
Marine Transportation — 0.2% | ||||||||
Kirby Corp.(a) | 35,937 | 2,581,714 | ||||||
|
| |||||||
Media — 0.5% | ||||||||
Comcast Corp., Class A | 107,044 | 4,428,410 | ||||||
Liberty Media Corp.-Liberty SiriusXM, Class A, NVS(a) | 18,378 | 516,422 | ||||||
Liberty Media Corp.-Liberty SiriusXM, Class C, NVS(a) | 25,118 | 701,797 | ||||||
New York Times Co. (The), Class A | 10,008 | 397,818 | ||||||
Omnicom Group Inc. | 3,081 | 279,046 | ||||||
Paramount Global, Class B, NVS | 47,538 | 1,109,062 | ||||||
Trade Desk Inc. (The), Class A(a) | 3,753 | 241,468 | ||||||
|
| |||||||
7,674,023 | ||||||||
Metals & Mining — 0.6% | ||||||||
Alcoa Corp. | 5,494 | 204,047 | ||||||
Freeport-McMoRan Inc. | 56,346 | 2,136,077 | ||||||
Newmont Corp. | 30,804 | 1,460,110 | ||||||
Nucor Corp. | 14,982 | 2,220,033 | ||||||
Reliance Steel & Aluminum Co. | 1,768 | 438,110 | ||||||
Royal Gold Inc. | 5,393 | 714,249 | ||||||
Steel Dynamics Inc. | 11,215 | 1,165,799 | ||||||
|
| |||||||
8,338,425 | ||||||||
Residential REITs — 0.2% | ||||||||
AvalonBay Communities Inc. | 4,121 | 743,305 | ||||||
Equity LifeStyle Properties Inc. | 5,008 | 345,051 | ||||||
Equity Residential | 4,769 | 301,639 | ||||||
UDR Inc. | 53,782 | 2,222,810 | ||||||
|
| |||||||
3,612,805 | ||||||||
Mortgage Real Estate Investment — 0.0% | ||||||||
AGNC Investment Corp. | 13,406 | 132,854 | ||||||
Annaly Capital Management Inc. | 17,684 | 353,326 | ||||||
|
| |||||||
486,180 | ||||||||
Multi-Utilities — 0.9% | ||||||||
Consolidated Edison Inc. | 59,806 | 5,889,097 | ||||||
Public Service Enterprise Group Inc. | 63,924 | 4,039,997 | ||||||
Sempra Energy | 18,031 | 2,803,640 | ||||||
|
| |||||||
12,732,734 |
Security | Shares | Value | ||||||
Broadline Retail — 2.6% | ||||||||
Amazon.com Inc.(a) | 332,949 | $ | 35,109,472 | |||||
eBay Inc. | 3,353 | 155,680 | ||||||
Etsy Inc.(a)(b) | 16,104 | 1,626,987 | ||||||
|
| |||||||
36,892,139 | ||||||||
Oil, Gas & Consumable Fuels — 4.3% | ||||||||
Antero Midstream Corp. | 14,633 | 157,451 | ||||||
Antero Resources Corp.(a) | 25,472 | 585,601 | ||||||
Cheniere Energy Inc. | 8,757 | 1,339,821 | ||||||
Chevron Corp. | 58,017 | 9,780,506 | ||||||
ConocoPhillips | 74,320 | 7,646,785 | ||||||
Devon Energy Corp. | 6,781 | 362,309 | ||||||
Diamondback Energy Inc. | 24,574 | 3,494,423 | ||||||
EOG Resources Inc. | 12,712 | 1,518,703 | ||||||
EQT Corp. | 6,313 | 219,945 | ||||||
Exxon Mobil Corp. | 140,309 | 16,604,167 | ||||||
Marathon Oil Corp. | 27,421 | 662,491 | ||||||
Marathon Petroleum Corp. | 42,286 | 5,158,892 | ||||||
Occidental Petroleum Corp. | 13,668 | 840,992 | ||||||
ONEOK Inc. | 50,537 | 3,305,625 | ||||||
Ovintiv Inc. | 14,188 | 511,903 | ||||||
Phillips 66 | 28,508 | 2,822,292 | ||||||
Pioneer Natural Resources Co. | 9,433 | 2,052,149 | ||||||
Range Resources Corp. | 8,252 | 218,266 | ||||||
Targa Resources Corp. | 7,506 | 566,928 | ||||||
Texas Pacific Land Corp. | 119 | 175,840 | ||||||
Valero Energy Corp. | 1,336 | 153,199 | ||||||
Williams Companies Inc. (The) | 98,620 | 2,984,241 | ||||||
|
| |||||||
61,162,529 | ||||||||
Paper & Forest Products — 0.0% | ||||||||
Louisiana-Pacific Corp. | 2,544 | 151,979 | ||||||
|
| |||||||
Personal Care Products — 0.5% | ||||||||
Estee Lauder Companies Inc. (The), Class A | 27,955 | 6,897,058 | ||||||
|
| |||||||
Pharmaceuticals — 4.0% | ||||||||
Bristol-Myers Squibb Co. | 50,939 | 3,401,197 | ||||||
Eli Lilly & Co. | 34,153 | 13,519,807 | ||||||
Johnson & Johnson | 122,835 | 20,108,089 | ||||||
Merck & Co. Inc. | 114,367 | 13,205,957 | ||||||
Pfizer Inc. | 184,648 | 7,180,961 | ||||||
|
| |||||||
57,416,011 | ||||||||
Professional Services — 1.1% | ||||||||
Automatic Data Processing Inc. | 29,003 | 6,380,660 | ||||||
Broadridge Financial Solutions Inc. | 21,345 | 3,103,776 | ||||||
Equifax Inc. | 783 | 163,162 | ||||||
FTI Consulting Inc.(a) | 1,928 | 348,004 | ||||||
Jacobs Solutions Inc., NVS | 3,163 | 365,200 | ||||||
Leidos Holdings Inc. | 13,073 | 1,219,188 | ||||||
ManpowerGroup Inc. | 4,457 | 337,440 | ||||||
Verisk Analytics Inc. | 22,329 | 4,334,282 | ||||||
|
| |||||||
16,251,712 | ||||||||
Office REITs — 0.5% | ||||||||
Boston Properties Inc. | 62,334 | 3,326,142 | ||||||
Highwoods Properties Inc. | 15,989 | 366,468 | ||||||
Hudson Pacific Properties Inc. | 40,032 | 222,578 | ||||||
Kilroy Realty Corp. | 75,839 | 2,217,532 | ||||||
SL Green Realty Corp. | 14,323 | 339,026 | ||||||
Vornado Realty Trust | 4,637 | 69,601 | ||||||
|
| |||||||
6,541,347 |
4 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Ground Transportation — 0.5% | ||||||||
CSX Corp. | 77,593 | $ | 2,377,449 | |||||
JB Hunt Transport Services Inc. | 9,864 | 1,729,061 | ||||||
Norfolk Southern Corp. | 9,209 | 1,869,703 | ||||||
Uber Technologies Inc.(a) | 31,102 | 965,717 | ||||||
XPO Logistics Inc.(a)(b) | 6,543 | 289,070 | ||||||
|
| |||||||
7,231,000 | ||||||||
Semiconductors & Semiconductor Equipment — 5.3% | ||||||||
Advanced Micro Devices Inc.(a) | 42,619 | 3,808,860 | ||||||
Analog Devices Inc. | 16,297 | 2,931,504 | ||||||
Applied Materials Inc. | 23,117 | 2,612,915 | ||||||
Broadcom Inc. | 16,822 | 10,538,983 | ||||||
Cirrus Logic Inc.(a) | 2,174 | 186,507 | ||||||
Enphase Energy Inc.(a) | 6,585 | 1,081,257 | ||||||
Entegris Inc. | 5,353 | 401,047 | ||||||
First Solar Inc.(a) | 12,271 | 2,240,439 | ||||||
Intel Corp. | 127,747 | 3,967,822 | ||||||
KLA Corp. | 6,333 | 2,447,958 | ||||||
Lam Research Corp. | 3,856 | 2,020,852 | ||||||
Marvell Technology Inc. | 44,863 | 1,771,191 | ||||||
Microchip Technology Inc. | 45,389 | 3,312,943 | ||||||
Nvidia Corp. | 95,653 | 26,542,751 | ||||||
ON Semiconductor Corp.(a) | 17,255 | 1,241,670 | ||||||
Qualcomm Inc. | 18,374 | 2,146,083 | ||||||
Texas Instruments Inc. | 31,748 | 5,308,266 | ||||||
Universal Display Corp. | 24,833 | 3,314,212 | ||||||
Wolfspeed Inc.(a) | 2,763 | 128,618 | ||||||
|
| |||||||
76,003,878 | ||||||||
Software — 9.5% | ||||||||
Adobe Inc.(a) | 19,435 | 7,337,879 | ||||||
Aspen Technology Inc.(a) | 875 | 154,875 | ||||||
Autodesk Inc.(a) | 21,696 | 4,226,164 | ||||||
Cadence Design Systems Inc.(a) | 7,877 | 1,649,838 | ||||||
Crowdstrike Holdings Inc., Class A(a) | 4,869 | 584,523 | ||||||
DocuSign Inc.(a) | 5,986 | 295,948 | ||||||
Dolby Laboratories Inc., Class A | 17,238 | 1,442,648 | ||||||
Fair Isaac Corp.(a) | 271 | 197,274 | ||||||
Fortinet Inc.(a) | 46,741 | 2,947,020 | ||||||
Gen Digital, Inc. | 49,874 | 881,273 | ||||||
Intuit Inc.(b) | 10,283 | 4,565,138 | ||||||
Microsoft Corp. | 285,357 | 87,678,792 | ||||||
Oracle Corp. | 62,310 | 5,902,003 | ||||||
Palo Alto Networks Inc.(a) | 15,895 | 2,900,202 | ||||||
Roper Technologies Inc. | 1,138 | 517,540 | ||||||
Salesforce Inc.(a) | 35,620 | 7,065,939 | ||||||
Splunk Inc.(a) | 10,963 | 945,449 | ||||||
Synopsys Inc.(a) | 1,324 | 491,628 | ||||||
Teradata Corp.(a) | 4,793 | 185,537 | ||||||
UiPath Inc., Class A(a) | 10,169 | 143,179 | ||||||
VMware Inc., Class A(a) | 16,455 | 2,057,369 | ||||||
Workday Inc., Class A(a) | 15,175 | 2,824,674 | ||||||
Zoom Video Communications Inc., Class A(a) | 4,241 | 260,525 | ||||||
Zscaler Inc.(a)(b) | 2,428 | 218,763 | ||||||
|
| |||||||
135,474,180 | ||||||||
Specialty Retail — 2.3% | ||||||||
Bath & Body Works Inc. | 15,012 | 526,921 | ||||||
Best Buy Co. Inc. | 2,870 | 213,872 |
Security | Shares | Value | ||||||
Specialty Retail (continued) | ||||||||
Burlington Stores Inc.(a) | 6,215 | $ | 1,198,314 | |||||
CarMax Inc.(a)(b) | 16,936 | 1,186,028 | ||||||
Dick’s Sporting Goods Inc. | 5,707 | 827,572 | ||||||
GameStop Corp., Class A(a)(b) | 15,737 | 303,567 | ||||||
Home Depot Inc. (The) | 46,494 | 13,973,307 | ||||||
Lithia Motors Inc. | 4,812 | 1,062,923 | ||||||
Lowe’s Companies Inc. | 25,546 | 5,309,225 | ||||||
Ross Stores Inc. | 13,476 | 1,438,294 | ||||||
TJX Companies Inc. (The) | 14,272 | 1,124,919 | ||||||
Tractor Supply Co. | 14,905 | 3,553,352 | ||||||
Ulta Beauty Inc.(a) | 1,109 | 611,536 | ||||||
Wayfair Inc., Class A(a)(b) | 8,623 | 300,339 | ||||||
Williams-Sonoma Inc. | 12,255 | 1,483,345 | ||||||
|
| |||||||
33,113,514 | ||||||||
Technology Hardware, Storage & Peripherals — 7.3% | ||||||||
Apple Inc. | 555,962 | 94,335,632 | ||||||
Dell Technologies Inc., Class C | 47,188 | 2,052,206 | ||||||
Hewlett Packard Enterprise Co. | 300,262 | 4,299,752 | ||||||
HP Inc. | 55,426 | 1,646,707 | ||||||
NetApp Inc. | 17,326 | 1,089,632 | ||||||
Western Digital Corp.(a) | 22,518 | 775,520 | ||||||
|
| |||||||
104,199,449 | ||||||||
Textiles, Apparel & Luxury Goods — 0.8% | ||||||||
Deckers Outdoor Corp.(a) | 3,614 | 1,732,335 | ||||||
Nike Inc., Class B | 62,562 | 7,927,857 | ||||||
PVH Corp.(b) | 8,798 | 754,956 | ||||||
VF Corp. | 43,580 | 1,024,566 | ||||||
|
| |||||||
11,439,714 | ||||||||
Trading Companies & Distributors — 0.2% | ||||||||
WW Grainger Inc. | 3,784 | 2,632,037 | ||||||
|
| |||||||
Total Long-Term Investments — 99.0% | 1,416,889,845 | |||||||
|
| |||||||
Short-Term Securities | ||||||||
Money Market Funds — 1.8% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.02%(c)(d)(e) | 13,472,897 | 13,476,939 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 4.75%(c)(d) | 11,900,000 | 11,900,000 | ||||||
|
| |||||||
Total Short-Term Securities — 1.8% | 25,376,939 | |||||||
|
| |||||||
Total Investments — 100.8% | 1,442,266,784 | |||||||
Liabilities in Excess of Other Assets — (0.8)% |
| (11,511,180 | ) | |||||
|
| |||||||
Net Assets — 100.0% | $ | 1,430,755,604 | ||||||
|
|
(a) | Non-income producing security. |
(b) | All or a portion of this security is on loan. |
(c) | Affiliate of the Fund. |
(d) | Annualized 7-day yield as of period end. |
(e) | All or a portion of this security was purchased with the cash collateral from loaned securities. |
| 5 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock U.S. Carbon Transition Readiness ETF |
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 07/31/22 | Purchases at Cost | Proceeds from Sale | Net Realized Gain (Loss) | Change in (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 | $ | 8,867,997 | $ | 4,600,504 | (a) | $ | — | $ | 7,939 | $ | 499 | $ | 13,476,939 | 13,472,897 | $ | 114,775 | (b) | $ | — | |||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 14,910,000 | — | (3,010,000 | )(a) | — | — | 11,900,000 | 11,900,000 | 378,191 | — | ||||||||||||||||||||||||||
BlackRock Inc.(c) | 4,055,900 | 7,116 | (4,572,262 | ) | (200,060 | ) | 709,306 | — | — | — | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||
$ | (192,121 | ) | $ | 709,805 | $ | 25,376,939 | $ | 492,966 | $ | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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. |
(c) | As of period end, the entity is no longer held. |
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 | ||||||||||||||||
S&P 500 E-Mini Index | 53 | 06/16/23 | $ | 11,100 | $ | 651,826 | ||||||||||
|
|
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 | $ | 1,416,889,845 | $ | — | $ | — | $ | 1,416,889,845 |
6 |
Schedule of Investments (unaudited) (continued) April 30, 2023 | BlackRock U.S. Carbon Transition Readiness ETF |
Fair Value Hierarchy as of Period End (continued)
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | $ | 25,376,939 | $ | — | $ | — | $ | 25,376,939 | ||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 1,442,266,784 | $ | — | $ | — | $ | 1,442,266,784 | |||||||||
|
|
|
|
|
|
|
| |||||||||
Derivative Financial Instruments(a) | ||||||||||||||||
Assets | ||||||||||||||||
Equity Contracts | $ | 651,826 | $ | — | $ | — | $ | 651,826 | ||||||||
|
|
|
|
|
|
|
|
(a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
Portfolio Abbreviation
| ||
NVS | Non-Voting Shares |
| 7 |