NPORT-EX 2 NPORT_3974544274434595.htm HTML

 

Schedule of Investments (unaudited) BlackRock Short Maturity Municipal Bond ETF
January 31, 2021 (Formerly iShares® Short Maturity Municipal Bond ETF)
  (Percentages shown are based on Net Assets)

 

Security     Par
(000)		     Value  
               
Municipal Debt Obligations              
               
Alabama — 3.2%              
Black Belt Energy Gas District RB              
4.00%, 06/01/21   $ 835   $ 844,911  
4.00%, 08/01/47 (Put 07/01/22)(a)     4,000     4,201,560  
4.00%, 07/01/46 (Put 06/01/21)(a)     2,400     2,421,600  
Lower Alabama Gas District (The) RB, 4.00%, 12/01/21     200     206,118  
Southeast Alabama Gas Supply District (The) RB, 4.00%, 06/01/22     1,500     1,570,845  
            9,245,034  
Alaska — 0.1%              
Alaska Municipal Bond Bank Authority RB, 5.00%, 12/01/21     400     414,488  
               
Arizona — 0.2%              
Glendale Union High School District No. 205 GO, 5.00%, 07/01/21     500     509,670  
               
California — 2.5%              
California County Tobacco Securitization Agency RB              
3.00%, 06/01/21     500     504,665  
3.00%, 06/01/21     300     302,691  
4.00%, 06/01/22     545     572,544  
Metropolitan Water District of Southern California RB, 0.29%, 07/01/47 (Put 06/21/21)(b)     6,000     5,999,136  
            7,379,036  
Colorado — 0.1%              
City & County of Denver Co. Airport System Revenue RB,              
Series A, 5.00%, 11/15/23     250     282,855  
               
Connecticut — 3.5%              
State of Connecticut GO              
3.00%, 06/01/21     920     928,639  
3.00%, 06/01/22     900     933,525  
3.00%, 01/15/23     2,000     2,107,800  
5.00%, 06/01/21     670     680,713  
5.00%, 07/15/22     900     962,604  
Series C, VRDN, 0.11%, 05/15/34 (Put 02/04/21)(a)     2,120     2,120,000  
State of Connecticut Special Tax Revenue RB, Series A,              
5.00%, 09/01/21     2,000     2,054,960  
State of Connecticut Special Tax Revenue ST              
4.00%, 05/01/21     165     166,526  
5.00%, 05/01/22     200     211,754  
            10,166,521  
District of Columbia — 2.9%              
District of Columbia RB, 0.10%, 04/01/38 (Put 02/04/21)(a)     2,800     2,800,000  
Tender Option Bond Trust Receipts/Certificates RB, 0.09%,10/01/53 (Put 10/01/29)(a)(c)     5,545     5,545,000  
            8,345,000  
Florida — 2.3%              
               
Alachua County Health Facilities Authority RB, 5.00%, 12/01/21     390     404,383  
County of Miami-Dade FL Aviation Revenue RB, 5.00%, 10/01/23.     2,500     2,807,450  
County of Osceola FL Transportation Revenue RB, 5.00%, 10/01/21     300     308,142  
County of Palm Beach FL RB, 0.04%, 07/01/32 (Put 02/04/21)(a)     2,800     2,800,000  
Tender Option Bond Trust Receipts/Certificates RB, 0.08%, 07/01/49 (Put 07/01/30)(a)(c)     500     500,000  
            6,819,975  
Security     Par
(000)		     Value  
               
Georgia — 9.7%              
Atlanta Urban Residential Finance Authority RB, 1.36%,12/01/22 (Put 12/01/21)(a)   $ 2,000   $ 2,016,740  
Bartow County Development Authority RB, 1.55%, 08/01/43 (Put 08/19/22)(a)     2,000     2,034,620  
Burke County Development Authority RB, 2.25%, 10/01/32 (Put 05/25/23)(a)     2,000     2,083,500  
Main Street Natural Gas Inc. RB              
VRDN, 4.00%, 04/01/48 (Put 09/01/23)(a)     5,685     6,194,774  
0.93%, 08/01/48 (Put 12/01/23)(b)     5,000     5,026,505  
5.00%, 05/15/21     1,000     1,012,720  
5.00%, 09/01/21     300     307,737  
Monroe County Development Authority RB, 0.05%, 06/01/49 (Put 01/28/21)(a)     3,700     3,700,000  
Municipal Electric Authority of Georgia RB              
5.00%, 01/01/22     3,000     3,117,240  
VRDN, 0.06%, 01/01/48 (Put 02/04/21)(a)     1,000     1,000,000  
Tender Option Bond Trust Receipts/Certificates RB, 0.09%, 01/01/44 (Put 07/01/28) (AGM)(a)(c)     1,700     1,700,000  
            28,193,836  
Illinois — 2.4%              
Illinois Development Finance Authority RB              
VRDN, 0.04%, 06/01/29 (Put 02/04/21)(a)     1,100     1,100,000  
VRDN, 0.04%, 02/01/33 (Put 02/04/21)(a)     2,000     2,000,000  
Tender Option Bond Trust Receipts/Certificates GO, 0.10%, 03/01/33Put(a)(c)     4,000     4,000,000  
            7,100,000  
Indiana — 3.0%              
City of Rockport IN RB, Series B, 1.35%, 07/01/25 (Put 09/01/22)(a)     2,250     2,279,475  
Indiana Finance Authority RB, VRDN, 0.01%, 11/01/39 (01/28/21)(a)     1,400     1,400,000  
Indianapolis Local Public Improvement Bond Bank RB, 1.45%, 06/01/21 (Call 03/01/21)     5,190     5,195,294  
            8,874,769  
Iowa — 2.4%              
Iowa Finance Authority RB, 0.14%, 04/01/22 (Put 02/04/21)(a)     6,905     6,905,000  
               
Kansas — 2.4%              
City of Burlington KS RB              
VRDN, 0.16%, 09/01/35 (Put 02/04/21)(a)     4,000     4,000,000  
VRDN, 0.16%, 09/01/35 (Put 02/04/21)(a)     3,000     3,000,000  
            7,000,000  
Kentucky — 1.3%              
Kentucky Public Energy Authority RB              
4.00%, 06/01/21     1,060     1,072,529  
4.00%, 08/01/21     300     305,331  
Kentucky State Property & Building Commission RB              
5.00%, 11/01/22     1,000     1,077,860  
Series D, 5.00%, 05/01/21     600     606,690  
Kentucky Turnpike Authority RB, 5.00%, 07/01/21     250     254,058  
Tender Option Bond Trust Receipts/Certificates RB, Series              
2018, 0.07%, 12/01/41 (Put 12/01/27) (AGM)(a)(c)     500     500,000  
            3,816,468  
Louisiana — 0.7%              
Consolidated Govt of the City of Baton Rouge & Parish of E              
Baton Rouge Sales Tax RB              
5.00%, 08/01/21     865     884,195  
5.00%, 08/01/22 (AGM)     465     496,908  


 

1

 

 

Schedule of Investments (unaudited) (continued) BlackRock Short Maturity Municipal Bond ETF
January 31, 2021 (Formerly iShares® Short Maturity Municipal Bond ETF)
  (Percentages shown are based on Net Assets)

 

Security     Par
(000)		     Value  
               
Louisiana (continued)              
Louisiana Offshore Terminal Authority RB, 1.65%, 09/01/27 (Put 12/01/23)(a)   $ 400   $ 411,732  
Louisiana Public Facilities Authority RB, 5.00%, 05/15/21     400     405,356  
            2,198,191  
Maryland — 0.2%              
Maryland Health & Higher Educational Facilities Authority RB, 5.00%, 04/15/21     450     454,388  
               
Massachusetts — 2.6%              
City of Worcester MA GO, 2.00%, 02/16/21     4,800     4,803,504  
Massachusetts Development Finance Agency RB, 5.00%, 07/01/21     975     991,107  
Town of Truro MA GO, 2.00%, 06/11/21     1,700     1,709,622  
            7,504,233  
Michigan — 1.3%              
Michigan Finance Authority RB              
5.00%, 11/01/22 (ST INTERCEPT)     240     258,993  
5.00%, 12/01/22     1,390     1,513,182  
4.00%, 06/01/22     1,000     1,050,810  
Wayne-Westland Community Schools GO              
4.00%, 05/01/21 (Q-SBLF)     175     176,633  
4.00%, 11/01/21 (Q-SBLF)     780     801,926  
            3,801,544  
Mississippi — 1.2%              
Mississippi Business Finance Corp. RB, VRDN, 0.01%, 11/01/35 (01/28/21)(a)     3,400     3,400,000  
               
Missouri — 0.8%              
City of Washington MO COP, 5.00%, 03/01/22     350     366,282  
RBC Municipal Products Inc. Trust RB, 0.10%, 09/01/39 (Put 02/04/21)(a)(c)     2,000     2,000,000  
            2,366,282  
Nebraska — 0.8%              
Central Plains Energy Project RB              
4.00%, 02/01/21     250     250,053  
4.00%, 08/01/21     750     764,302  
VRDN, 5.00%, 03/01/50 (Put 01/01/24)(a)     1,000     1,123,320  
Douglas County Hospital Authority No. 2 RB, 5.00%, 11/15/21     120     124,409  
            2,262,084  
New Jersey — 21.0%              
City of Jersey City NJ GO, 2.00%, 06/17/21     8,000     8,055,760  
County of Mercer NJ GO, 2.00%, 06/10/21     3,000     3,019,830  
Jersey City Municipal Utilities Authority RB, 3.00%, 07/01/22.     4,000     4,146,520  
New Jersey Economic Development Authority RB              
5.00%, 06/15/21     4,250     4,320,933  
5.00%, 06/15/21     1,500     1,525,575  
5.00%, 06/15/22     2,000     2,121,940  
5.00%, 06/15/22     200     212,190  
5.50%, 09/01/21 (Call 03/01/21)     675     677,747  
Series A, 4.00%, 07/01/22     2,000     2,079,800  
Series NN, 5.00%, 03/01/21     875     878,360  
Series NN, 5.00%, 03/01/21 , (ETM)     340     341,370  
Series NN, 5.00%, 03/01/22     3,875     4,062,744  
Series UU, 5.00%, 06/15/23     1,575     1,737,209  
Series XX, 5.00%, 06/15/21 (SAP)     1,145     1,164,282  
New Jersey Transportation Trust Fund Authority RB              
Series A, 5.00%, 06/15/21     500     508,645  
Series A, 5.00%, 06/15/22     750     794,048  
Security     Par
(000)		     Value  
               
New Jersey (continued)              
Series A, 5.50%, 12/15/21   $ 425   $ 443,675  
Series A, 5.50%, 12/15/22     1,330     1,451,815  
Series A, 5.50%, 12/15/23     155     176,999  
Series B, 5.25%, 12/15/22 (AMBAC)     660     717,400  
Series B, 5.50%, 12/15/21 (NPFGC)     1,975     2,063,697  
Series D, 5.00%, 12/15/23.     345     387,418  
Port Authority of New York & New Jersey RB, 0.25%, 03/10/21     1,025     1,025,093  
State of New Jersey GO, Series A, 4.00%, 06/01/23     1,290     1,398,566  
Tobacco Settlement Financing Corp. RB              
Series A, 5.00%, 06/01/21     5,000     5,078,600  
Series A, 5.00%, 06/01/22     3,000     3,186,930  
Township of Cranford NJ GO, 1.50%, 06/25/21     1,800     1,808,172  
Township of Maplewood NJ GO, 1.50%, 07/30/21     3,100     3,115,624  
Township of Teaneck NJ GO, 1.50%, 06/25/21     1,800     1,807,506  
Township of West Orange/NJ GO, 1.50%, 07/30/21     1,800     1,812,114  
Township of Woolwich NJ GO, Series A, 1.50%, 06/03/21     1,200     1,204,152  
            61,324,714  
New Mexico — 0.2%              
New Mexico Municipal Energy Acquisition Authority RB,4.00%, 05/01/22     600     628,368  
               
New York — 10.7%              
Albany Industrial Development Agency RB, 0.18%, 07/01/32 (Put 02/04/21)(a)     1,000     1,000,000  
Amherst Development Corp. RB, Series A, 0.09%, 02/01/35 (Put 02/04/21)(a)     1,745     1,745,000  
Arlington Central School District GO, 1.50%, 06/29/21     1,857     1,865,765  
Carmel Central School District GO, 1.50%, 06/17/21 (SAW)     2,500     2,511,200  
County of Monroe NY GOL, 4.00%, 06/01/21     1,000     1,010,290  
Monroe County Industrial Development Corp./NY RB, 5.00%,12/01/21     575     594,159  
New York City Transitional Finance Authority Future Tax Secured Revenue RB, VRDN, 0.01%, 11/01/42 (01/28/21)(a)     4,800     4,800,000  
New York City Water & Sewer System RB, 0.01%, 06/15/50 (Put 01/28/21)(a)     6,500     6,500,000  
New York State Dormitory Authority RB, 5.00%, 03/31/21     3,400     3,426,996  
New York Transportation Development Corp. RB, 5.00%,12/01/22.     495     534,407  
South Colonie Central School District GO, 1.50%, 07/09/21 (SAW)     1,200     1,205,940  
Tender Option Bond Trust Receipts/Certificates GO, 0.07%,09/01/26Put(a)(c)     2,195     2,195,000  
Tender Option Bond Trust Receipts/Certificates RB, 0.07%,07/01/50 (Put 07/01/30)(a)(c)     2,000     2,000,000  
Town of Oyster Bay NY GOL, 4.00%, 03/01/23     425     457,427  
Warwick Valley Central School District GO, Series A, 1.25%,06/30/21 (SAW)     1,300     1,304,732  
            31,150,916  
North Carolina — 0.1%              
North Carolina Turnpike Authority RB, 5.00%, 01/01/22     215     224,060  
               
Ohio — 1.9%              
City of Berea OH GOL, 2.00%, 03/11/21     1,500     1,502,655  
City of Cleveland OH GOL              
2.00%, 12/01/21     300     304,557  
2.00%, 12/01/22     300     309,882  
City of North Olmsted OH GOL, 2.00%, 03/10/21     1,000     1,001,640  
County of Franklin OH RB, 0.04%, 11/15/41 (Put 02/04/21)(a)     2,000     2,000,000  


 

2

 

 

Schedule of Investments (unaudited) (continued) BlackRock Short Maturity Municipal Bond ETF
January 31, 2021 (Formerly iShares® Short Maturity Municipal Bond ETF)
  (Percentages shown are based on Net Assets)

 

               
Security     Par
(000		 )   Value  
               
Ohio (continued)              
Lancaster Port Authority RB, 5.00%, 02/01/21   $ 300   $ 300,078  
            5,418,812  
Pennsylvania — 6.9%              
Allegheny County Hospital Development Authority RB, 5.00%,04/01/22     2,000     2,115,040  
Boyertown Area School District GOL, 2.00%, 09/01/21 (SAW)     400     403,920  
City of Philadelphia PA RB, Series A, 4.00%, 06/30/21     3,000     3,047,040  
Connellsville Area School District GOL              
4.00%, 08/15/21 (BAM SAW)     500     508,890  
4.00%, 08/15/22 (BAM SAW)     500     525,160  
DuBois Area School District GOL, 3.00%, 11/01/21 (BAM SAW)     175     178,633  
Geisinger Authority RB, 5.00%, 04/01/22     2,000     2,111,040  
Muhlenberg School District GOL              
1.00%, 05/15/21 (SAW)     1,000     1,002,180  
4.00%, 05/15/22 (SAW)     700     733,579  
Palmyra Area School District GOL, 4.00%, 04/01/21 (SAW)     900     905,553  
Pennsylvania Economic Development Financing Authority RB              
2.15%, 11/01/21     1,000     1,014,800  
5.00%, 04/15/21     425     429,178  
Pennsylvania Housing Finance Agency RB              
5.00%, 10/01/21     300     309,108  
5.00%, 10/01/22     380     408,435  
Philadelphia Gas Works Co. RB              
5.00%, 08/01/21     1,000     1,023,130  
Series A, 5.00%, 08/01/22     1,315     1,405,880  
Pottstown School District GOL, 1.00%, 06/06/21 (BAM SAW)     250     250,555  
School District of Philadelphia (The) GO, 4.00%, 06/30/21     3,000     3,047,190  
Southeastern Pennsylvania Transportation Authority RB              
5.00%, 06/01/21     250     253,700  
5.00%, 06/01/22     360     381,276  
            20,054,287  
Puerto Rico — 1.1%              
Puerto Rico Housing Finance Authority RB, 5.00%, 12/01/22     3,000     3,256,800  
               
South Carolina — 0.3%              
South Carolina Public Service Authority RB, 0.14%, 01/01/36 (Put 02/04/21)(a)     1,000     1,000,000  
               
Texas — 10.2%              
Harris County Cultural Education Facilities Finance Corp. RB,              
5.00%, 06/01/32 (Put 12/01/22)(a)     4,000     4,346,760  
North East Independent School District GO, 0.21%, 05/03/21     5,500     5,500,849  
Port of Arthur Navigation District Industrial Development Corp. RB              
VRDN, 0.11%, 03/01/42 (Put 02/04/21)(a)     6,000     6,000,000  
VRDN, 0.11%, 06/01/41 (Put 02/04/21)(a)     2,000     2,000,000  
RBC Municipal Products Inc. Trust, 0.07%, 09/08/21 (Put 02/04/21)(a)(c)     3,000     3,000,000  
Security     Par/
Shares
(000)		     Value  
               
Texas (continued)              
State of Texas GO              
VRDN, 0.07%, 06/01/44 (Put 02/04/21)(a)   $ 410   $ 410,000  
VRDN, 0.07%, 06/01/45 (Put 02/04/21)(a)     2,910     2,910,000  
Tender Option Bond Trust Receipts/Certificates RB, 0.14%,06/15/27Put(a)(c)     1,500     1,500,000  
Texas Municipal Gas Acquisition & Supply Corp. III RB,              
5.00%, 12/15/22     2,000     2,165,240  
University of Texas, 0.43%, 02/19/21     2,000     2,000,425  
            29,833,274  
Washington — 0.2%              
King County Housing Authority RB              
3.00%, 06/01/21     365     367,807  
3.00%, 06/01/22     250     257,642  
            625,449  
Wisconsin — 0.3%              
Public Finance Authority RB              
5.00%, 01/01/22     200     207,850  
5.00%, 06/01/22     175     185,626  
Wisconsin Health & Educational Facilities Authority RB,              
5.00%, 10/01/21     400     412,508  
            805,984  
Total Municipal Debt Obligations — 96.5%              
(Cost $280,266,207)           281,362,038  
               
Money Market Funds              
BlackRock Liquidity Funds: MuniCash, 0.01%(d)(e)     10,979     10,981,627  
               
Total Money Market Funds — 3.8%              
(Cost: $10,981,627)           10,981,627  
               
Total Investments in Securities — 100.3%              
(Cost: $291,247,834)           292,343,665  
               
Other Assets, Less Liabilities — (0.3)%.           (919,774 )
               
Net Assets — 100.0%         $ 291,423,891  

 

(a) Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand.
(b) Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.
(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.

 

Affiliates

 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 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
10/31/20		     Purchases
at Cost		     Proceeds
from Sales		     Net Realized
Gain (Loss)		     Change in
Unrealized
Appreciation
(Depreciation)		     Value at
01/31/21		     Shares
Held at
01/31/21
(000)		     Income     Capital Gain
Distributions from
Underlying Funds		  
BlackRock Liquidity Funds: MuniCash.   $ 117,575   $ 10,863,951 (a) $ —   $ 100   $ 1   $ 10,981,627     10,979   $ 120   $ —  

 

3

 

 

Schedule of Investments (unaudited) (continued) BlackRock Short Maturity Municipal Bond ETF
January 31, 2021 (Formerly iShares® Short Maturity Municipal Bond ETF)

 

Affiliates (continued)

 

(a) Represents net amount purchased (sold)

 

Fair Value Measurements

 

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.

 

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of January 31, 2021. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

 

      Level 1     Level 2     Level 3     Total  
Investments                          
Assets                          
Municipal Debt Obligations.   $ —   $ 281,362,038   $ —   $ 281,362,038  
Money Market Funds     10,981,627     —     —     10,981,627  
    $ 10,981,627   $ 281,362,038   $ —   $ 292,343,665  

 

Portfolio Abbreviations - Fixed Income
 
AGM Assured Guaranty Municipal Corp.
AMBAC Ambac Assurance Corp.
BAM Build America Mutual Assurance Co.
COP Certificates of Participation
ETM Escrowed to Maturity
GO General Obligation
GOL General Obligation Limited
NPFGC National Public Finance Guarantee Corp.
Q-SBLF Qualified School Bond Loan Fund
RB Revenue Bond
SAP. Subject to Appropriations
SAW State Aid Withholding
ST Special Tax

 

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