| Schedule of Investments (unaudited) October 31, 2022 |
BlackRock World ex U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Common Stocks |
||||||||
| Australia — 7.2% | ||||||||
| Aristocrat Leisure Ltd. |
74,904 | $ | 1,777,917 | |||||
| Australia & New Zealand Banking Group Ltd. |
15,254 | 249,918 | ||||||
| BHP Group Ltd. |
97,776 | 2,348,599 | ||||||
| BlueScope Steel Ltd. |
13,300 | 133,931 | ||||||
| Brambles Ltd. |
30,194 | 226,054 | ||||||
| Cochlear Ltd. |
10,328 | 1,319,336 | ||||||
| Commonwealth Bank of Australia |
1,829 | 122,629 | ||||||
| CSL Ltd. |
13,118 | 2,348,324 | ||||||
| Dexus |
111,887 | 557,544 | ||||||
| Fortescue Metals Group Ltd. |
98,612 | 929,024 | ||||||
| Glencore PLC |
343,434 | 1,968,931 | ||||||
| GPT Group (The) |
206,239 | 569,955 | ||||||
| IDP Education Ltd. |
3,495 | 65,939 | ||||||
| Insurance Australia Group Ltd. |
20,008 | 62,804 | ||||||
| Lendlease Corp. Ltd. |
9,283 | 51,621 | ||||||
| Lottery Corp. Ltd. (The)(a) |
179,944 | 493,653 | ||||||
| Macquarie Group Ltd. |
45,022 | 4,884,112 | ||||||
| Medibank Pvt Ltd. |
235,474 | 424,010 | ||||||
| Mineral Resources Ltd. |
3,826 | 179,370 | ||||||
| Mirvac Group |
106,741 | 141,428 | ||||||
| National Australia Bank Ltd. |
46,880 | 973,793 | ||||||
| Qantas Airways Ltd.(a) |
217,320 | 812,074 | ||||||
| REA Group Ltd. |
5,187 | 402,023 | ||||||
| Rio Tinto Ltd. |
3,370 | 191,246 | ||||||
| Rio Tinto PLC |
30,567 | 1,597,481 | ||||||
| Stockland |
364,939 | 840,855 | ||||||
| Suncorp Group Ltd. |
10,258 | 75,037 | ||||||
| Transurban Group |
12,981 | 110,117 | ||||||
| Vicinity Ltd. |
321,538 | 400,850 | ||||||
| Wesfarmers Ltd. |
77,212 | 2,240,617 | ||||||
| Westpac Banking Corp. |
5,021 | 77,529 | ||||||
| Woodside Energy Group Ltd. |
22,407 | 518,015 | ||||||
|
|
|
|||||||
| 27,094,736 | ||||||||
| Austria — 0.2% | ||||||||
| Erste Group Bank AG |
2,965 | 73,072 | ||||||
| Verbund AG |
9,990 | 782,565 | ||||||
|
|
|
|||||||
| 855,637 | ||||||||
| Belgium — 0.8% | ||||||||
| Anheuser-Busch InBev SA/NV |
23,246 | 1,162,774 | ||||||
| KBC Group NV |
6,739 | 337,730 | ||||||
| Umicore SA |
43,100 | 1,420,831 | ||||||
|
|
|
|||||||
| 2,921,335 | ||||||||
| Canada — 12.0% | ||||||||
| Algonquin Power & Utilities Corp. |
64,191 | 710,537 | ||||||
| Alimentation Couche-Tard Inc. |
45,649 | 2,043,960 | ||||||
| ARC Resources Ltd. |
30,457 | 428,792 | ||||||
| Bank of Montreal |
26,059 | 2,400,370 | ||||||
| Bank of Nova Scotia (The) |
74,463 | 3,599,214 | ||||||
| BlackBerry Ltd.(a) |
41,440 | 192,546 | ||||||
| Brookfield Asset Management Inc., Class A |
38,194 | 1,512,509 | ||||||
| Canadian Imperial Bank of Commerce |
44,904 | 2,039,278 | ||||||
| Canadian National Railway Co. |
15,316 | 1,814,513 | ||||||
| Canadian Pacific Railway Ltd. |
13,799 | 1,028,683 | ||||||
| CGI Inc.(a) |
4,842 | 390,033 | ||||||
| Empire Co. Ltd., Class A, NVS |
26,032 | 668,786 | ||||||
| Enbridge Inc. |
148,452 | 5,784,000 | ||||||
| Franco-Nevada Corp. |
28,851 | 3,564,788 | ||||||
| Hydro One Ltd.(b) |
2,864 | 71,813 | ||||||
| Security | Shares | Value | ||||||
| Canada (continued) | ||||||||
| Loblaw Companies Ltd. |
2,534 | $ | 207,616 | |||||
| Metro Inc. |
1,689 | 88,482 | ||||||
| Northland Power Inc. |
51,684 | 1,503,838 | ||||||
| Nutrien Ltd. |
9,012 | 761,457 | ||||||
| Parkland Corp. |
36,313 | 734,070 | ||||||
| Restaurant Brands International Inc. |
37,507 | 2,228,643 | ||||||
| Royal Bank of Canada |
76,394 | 7,068,274 | ||||||
| Shopify Inc., Class A(a) |
40,665 | 1,394,254 | ||||||
| Sun Life Financial Inc. |
60,588 | 2,573,217 | ||||||
| TELUS Corp. |
17,138 | 357,893 | ||||||
| Toronto-Dominion Bank (The) |
22,445 | 1,436,473 | ||||||
| Tourmaline Oil Corp. |
3,142 | 177,032 | ||||||
| West Fraser Timber Co. Ltd. |
3,218 | 241,619 | ||||||
|
|
|
|||||||
| 45,022,690 | ||||||||
| Denmark — 3.3% | ||||||||
| Carlsberg AS, Class B |
456 | 53,692 | ||||||
| Chr Hansen Holding A/S |
2,232 | 123,968 | ||||||
| Coloplast A/S, Class B |
723 | 80,593 | ||||||
| Danske Bank A/S |
77,149 | 1,244,489 | ||||||
| DSV A/S |
30,841 | 4,167,490 | ||||||
| Novo Nordisk A/S, Class B |
42,384 | 4,608,465 | ||||||
| Novozymes A/S, Class B |
24,470 | 1,284,444 | ||||||
| Vestas Wind Systems A/S |
47,531 | 937,010 | ||||||
|
|
|
|||||||
| 12,500,151 | ||||||||
| Finland — 1.1% | ||||||||
| Fortum OYJ |
30,911 | 435,050 | ||||||
| Neste OYJ |
4,921 | 215,680 | ||||||
| Nordea Bank Abp |
176,530 | 1,686,306 | ||||||
| UPM-Kymmene OYJ |
19,446 | 653,725 | ||||||
| Wartsila OYJ Abp |
166,483 | 1,134,960 | ||||||
|
|
|
|||||||
| 4,125,721 | ||||||||
| France — 9.7% | ||||||||
| Air Liquide SA |
5,446 | 712,411 | ||||||
| Airbus SE |
3,396 | 367,460 | ||||||
| Alstom SA |
11,057 | 227,567 | ||||||
| Amundi SA(b) |
10,360 | 488,784 | ||||||
| AXA SA |
60,060 | 1,483,174 | ||||||
| BioMerieux |
10,220 | 904,250 | ||||||
| BNP Paribas SA |
21,459 | 1,006,296 | ||||||
| Bollore SE |
105,686 | 528,593 | ||||||
| Capgemini SE |
10,500 | 1,720,852 | ||||||
| Carrefour SA |
58,538 | 942,195 | ||||||
| Cie. de Saint-Gobain |
16,380 | 669,630 | ||||||
| Covivio |
1,000 | 53,542 | ||||||
| Danone SA |
3,504 | 174,147 | ||||||
| Dassault Systemes SE |
25,760 | 863,443 | ||||||
| Electricite de France SA |
43,297 | 511,335 | ||||||
| Engie SA |
28,771 | 373,832 | ||||||
| EssilorLuxottica SA |
2,660 | 420,621 | ||||||
| Gecina SA |
4,060 | 361,965 | ||||||
| Getlink SE |
57,199 | 905,145 | ||||||
| Hermes International |
401 | 519,048 | ||||||
| Ipsen SA |
5,180 | 532,337 | ||||||
| Klepierre SA |
27,447 | 551,637 | ||||||
| La Francaise des Jeux SAEM(b) |
4,032 | 131,397 | ||||||
| Legrand SA |
33,880 | 2,581,812 | ||||||
| L’Oreal SA |
8,122 | 2,550,342 | ||||||
| LVMH Moet Hennessy Louis Vuitton SE |
6,860 | 4,328,623 | ||||||
| Remy Cointreau SA |
560 | 85,645 | ||||||
| 1 |
| Schedule of Investments (unaudited) (continued) October 31, 2022 |
BlackRock World ex U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| France (continued) |
||||||||
| Renault SA(a) |
8,820 | $ | 271,561 | |||||
| Sanofi |
34,860 | 2,999,975 | ||||||
| Sartorius Stedim Biotech |
1,052 | 333,840 | ||||||
| Schneider Electric SE |
21,489 | 2,717,420 | ||||||
| SEB SA |
1,540 | 100,256 | ||||||
| Societe Generale SA |
21,419 | 491,288 | ||||||
| Sodexo SA |
7,649 | 677,566 | ||||||
| Teleperformance |
4,340 | 1,162,816 | ||||||
| TotalEnergies SE |
49,964 | 2,725,704 | ||||||
| Worldline SA/France(a)(b) |
23,100 | 1,008,233 | ||||||
|
|
|
|||||||
| 36,484,742 | ||||||||
| Germany — 4.8% | ||||||||
| adidas AG |
2,416 | 235,838 | ||||||
| Allianz SE, Registered |
18,239 | 3,281,277 | ||||||
| Commerzbank AG(a) |
13,244 | 105,816 | ||||||
| Delivery Hero SE(a)(b) |
3,647 | 120,019 | ||||||
| Deutsche Bank AG, Registered |
11,369 | 108,366 | ||||||
| Deutsche Post AG, Registered |
16,834 | 595,078 | ||||||
| HeidelbergCement AG |
23,335 | 1,073,101 | ||||||
| Henkel AG & Co. KGaA |
4,753 | 279,025 | ||||||
| KION Group AG |
4,760 | 105,531 | ||||||
| Mercedes-Benz Group AG |
11,268 | 652,209 | ||||||
| Merck KGaA |
5,132 | 836,336 | ||||||
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Registered |
7,811 | 2,061,915 | ||||||
| Puma SE |
16,599 | 733,856 | ||||||
| Rational AG |
140 | 78,918 | ||||||
| SAP SE |
36,304 | 3,494,360 | ||||||
| Siemens AG, Registered |
22,807 | 2,490,729 | ||||||
| Siemens Healthineers AG(b) |
17,808 | 815,830 | ||||||
| Telefonica Deutschland Holding AG |
115,069 | 250,724 | ||||||
| United Internet AG, Registered(c) |
16,081 | 300,603 | ||||||
| Zalando SE(a)(b) |
9,784 | 225,503 | ||||||
|
|
|
|||||||
| 17,845,034 | ||||||||
| Hong Kong — 2.0% | ||||||||
| AIA Group Ltd. |
448,000 | 3,393,506 | ||||||
| Budweiser Brewing Co. APAC Ltd.(b) |
490,000 | 1,031,314 | ||||||
| Futu Holdings Ltd., ADR(a)(d) |
1,220 | 41,309 | ||||||
| Hang Lung Properties Ltd. |
206,000 | 259,140 | ||||||
| Hang Seng Bank Ltd. |
53,400 | 751,754 | ||||||
| Hong Kong Exchanges & Clearing Ltd. |
24,200 | 642,355 | ||||||
| MTR Corp. Ltd. |
100,000 | 440,019 | ||||||
| Sands China Ltd.(a) |
42,000 | 73,426 | ||||||
| SITC International Holdings Co. Ltd. |
18,000 | 29,480 | ||||||
| Swire Pacific Ltd., Class A |
106,500 | 706,469 | ||||||
| WH Group Ltd.(b) |
260,000 | 131,303 | ||||||
|
|
|
|||||||
| 7,500,075 | ||||||||
| Ireland — 0.2% | ||||||||
| CRH PLC |
13,283 | 478,425 | ||||||
| Kerry Group PLC, Class A |
840 | 72,958 | ||||||
| Smurfit Kappa Group PLC |
3,640 | 120,495 | ||||||
|
|
|
|||||||
| 671,878 | ||||||||
| Israel — 0.2% | ||||||||
| Bank Leumi Le-Israel BM |
38,224 | 364,647 | ||||||
| Bezeq The Israeli Telecommunication Corp.. Ltd. |
22,715 | 40,211 | ||||||
| Nice Ltd.(a) |
950 | 179,046 | ||||||
| Wix.com Ltd.(a) |
2,785 | 234,218 | ||||||
| ZIM Integrated Shipping Services Ltd. |
4,220 | 99,128 | ||||||
|
|
|
|||||||
| 917,250 | ||||||||
| Security | Shares | Value | ||||||
| Italy — 1.6% | ||||||||
| Amplifon SpA |
10,087 | $ | 250,601 | |||||
| DiaSorin SpA |
842 | 110,079 | ||||||
| Enel SpA |
463,317 | 2,069,798 | ||||||
| FinecoBank Banca Fineco SpA |
74,066 | 998,083 | ||||||
| Intesa Sanpaolo SpA |
669,181 | 1,275,812 | ||||||
| Telecom Italia SpA/Milano(a) |
281,110 | 54,997 | ||||||
| Terna—Rete Elettrica Nazionale |
17,121 | 113,541 | ||||||
| UniCredit SpA |
84,811 | 1,051,763 | ||||||
|
|
|
|||||||
| 5,924,674 | ||||||||
| Japan — 19.2% | ||||||||
| Advantest Corp. |
22,200 | 1,168,643 | ||||||
| Aeon Co. Ltd. |
2,000 | 37,301 | ||||||
| Ajinomoto Co. Inc. |
11,200 | 308,036 | ||||||
| Asahi Group Holdings Ltd. |
17,100 | 478,470 | ||||||
| Astellas Pharma Inc. |
61,300 | 845,829 | ||||||
| Azbil Corp. |
2,100 | 57,069 | ||||||
| Chugai Pharmaceutical Co. Ltd. |
16,400 | 380,018 | ||||||
| CyberAgent Inc. |
155,200 | 1,274,995 | ||||||
| Dai Nippon Printing Co. Ltd. |
44,400 | 889,364 | ||||||
| Daifuku Co. Ltd. |
9,700 | 444,017 | ||||||
| Daiichi Sankyo Co. Ltd. |
38,600 | 1,235,615 | ||||||
| Daikin Industries Ltd. |
11,600 | 1,737,531 | ||||||
| Daiwa House Industry Co. Ltd. |
3,500 | 70,516 | ||||||
| Denso Corp. |
35,100 | 1,741,518 | ||||||
| ENEOS Holdings Inc. |
403,100 | 1,329,688 | ||||||
| Fast Retailing Co. Ltd. |
2,000 | 1,114,282 | ||||||
| Fuji Electric Co. Ltd. |
23,900 | 924,093 | ||||||
| FUJIFILM Holdings Corp. |
21,000 | 960,747 | ||||||
| Fujitsu Ltd. |
12,100 | 1,392,208 | ||||||
| Hankyu Hanshin Holdings Inc. |
36,600 | 1,087,047 | ||||||
| Hitachi Ltd. |
30,100 | 1,365,752 | ||||||
| Honda Motor Co. Ltd. |
205,700 | 4,690,469 | ||||||
| Ibiden Co. Ltd. |
15,900 | 535,947 | ||||||
| Inpex Corp. |
117,300 | 1,183,838 | ||||||
| Ito En Ltd. |
1,800 | 63,397 | ||||||
| Japan Metropolitan Fund Invest |
65 | 47,887 | ||||||
| Japan Real Estate Investment Corp. |
140 | 586,640 | ||||||
| JSR Corp. |
2,800 | 53,203 | ||||||
| Keyence Corp. |
1,100 | 414,772 | ||||||
| Kirin Holdings Co. Ltd. |
119,400 | 1,755,172 | ||||||
| Komatsu Ltd. |
48,100 | 942,288 | ||||||
| Kubota Corp. |
83,400 | 1,163,396 | ||||||
| Kurita Water Industries Ltd. |
41,600 | 1,522,767 | ||||||
| Kyocera Corp. |
39,200 | 1,898,316 | ||||||
| Kyowa Kirin Co. Ltd. |
13,100 | 308,527 | ||||||
| Lasertec Corp. |
2,900 | 407,482 | ||||||
| M3 Inc. |
8,700 | 259,262 | ||||||
| Mazda Motor Corp. |
18,600 | 125,233 | ||||||
| McDonald’s Holdings Co. Japan Ltd. |
2,900 | 100,680 | ||||||
| Mitsubishi Corp. |
12,800 | 346,738 | ||||||
| Mitsubishi Electric Corp. |
308,600 | 2,715,250 | ||||||
| Mitsubishi Heavy Industries Ltd. |
26,800 | 923,101 | ||||||
| Murata Manufacturing Co. Ltd. |
26,800 | 1,268,696 | ||||||
| NEC Corp. |
2,500 | 82,752 | ||||||
| NGK Insulators Ltd. |
120,800 | 1,409,260 | ||||||
| Nidec Corp. |
24,400 | 1,341,609 | ||||||
| Nihon M&A Center Holdings Inc. |
14,000 | 157,973 | ||||||
| Nintendo Co. Ltd. |
66,000 | 2,679,540 | ||||||
| Nippon Building Fund Inc. |
214 | 951,282 | ||||||
| Nippon Express Holdings Inc. |
20,600 | 1,035,107 | ||||||
| 2 |
| Schedule of Investments (unaudited) (continued) October 31, 2022 |
BlackRock World ex U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| Japan (continued) | ||||||||
| Nippon Paint Holdings Co. Ltd. |
42,000 | $ | 267,667 | |||||
| Nippon Prologis REIT Inc. |
420 | 881,283 | ||||||
| Nippon Steel Corp. |
48,600 | 666,720 | ||||||
| Nitori Holdings Co. Ltd. |
3,300 | 299,036 | ||||||
| Nitto Denko Corp. |
6,600 | 347,726 | ||||||
| Nomura Holdings Inc. |
162,000 | 524,225 | ||||||
| Nomura Research Institute Ltd. |
36,500 | 807,752 | ||||||
| NTT Data Corp. |
42,000 | 608,322 | ||||||
| Olympus Corp. |
28,900 | 609,342 | ||||||
| Omron Corp. |
36,600 | 1,706,963 | ||||||
| Ono Pharmaceutical Co. Ltd. |
10,800 | 254,162 | ||||||
| Panasonic Holdings Corp. |
271,600 | 1,934,501 | ||||||
| Recruit Holdings Co. Ltd. |
10,063 | 309,650 | ||||||
| Ricoh Co. Ltd. |
8,600 | 63,019 | ||||||
| Rohm Co. Ltd. |
2,432 | 170,883 | ||||||
| Sekisui Chemical Co. Ltd. |
147,900 | 1,846,979 | ||||||
| Sekisui House Ltd. |
33,000 | 547,892 | ||||||
| Seven & i Holdings Co. Ltd. |
4,600 | 171,710 | ||||||
| Shin-Etsu Chemical Co. Ltd. |
7,000 | 727,510 | ||||||
| SoftBank Corp. |
12,100 | 119,359 | ||||||
| Sony Group Corp. |
25,200 | 1,699,353 | ||||||
| Sumitomo Metal Mining Co. Ltd. |
16,100 | 451,296 | ||||||
| Sysmex Corp. |
6,500 | 349,855 | ||||||
| TDK Corp. |
21,400 | 668,501 | ||||||
| Terumo Corp. |
40,700 | 1,235,204 | ||||||
| Toray Industries Inc. |
257,400 | 1,250,282 | ||||||
| Toshiba Corp. |
5,200 | 180,448 | ||||||
| TOTO Ltd. |
14,700 | 419,283 | ||||||
| Toyota Industries Corp. |
12,400 | 638,789 | ||||||
| Toyota Motor Corp. |
281,500 | 3,905,700 | ||||||
| USS Co. Ltd. |
33,100 | 499,437 | ||||||
| Yamaha Corp. |
1,700 | 64,182 | ||||||
|
|
|
|||||||
| 72,040,354 | ||||||||
| Netherlands — 3.6% | ||||||||
| Aegon NV |
17,364 | 80,381 | ||||||
| Akzo Nobel NV |
18,810 | 1,161,243 | ||||||
| Argenx SE(a) |
188 | 72,991 | ||||||
| ASML Holding NV |
12,121 | 5,685,799 | ||||||
| ING Groep NV(a) |
155,258 | 1,527,674 | ||||||
| Koninklijke Ahold Delhaize NV |
26,910 | 750,473 | ||||||
| Koninklijke DSM NV |
626 | 73,636 | ||||||
| Koninklijke Philips NV |
66,162 | 839,257 | ||||||
| NN Group NV |
47,766 | 2,022,529 | ||||||
| Prosus NV |
17,318 | 748,859 | ||||||
| QIAGEN NV(a) |
1,259 | 54,368 | ||||||
| Stellantis NV |
23,966 | 323,339 | ||||||
|
|
|
|||||||
| 13,340,549 | ||||||||
| New Zealand — 0.1% | ||||||||
| Fisher & Paykel Healthcare Corp. Ltd. |
4,474 | 50,847 | ||||||
| Mercury NZ Ltd. |
63,443 | 214,519 | ||||||
|
|
|
|||||||
| 265,366 | ||||||||
| Norway — 1.6% | ||||||||
| Aker BP ASA |
49,925 | 1,585,935 | ||||||
| Equinor ASA |
64,957 | 2,366,625 | ||||||
| Norsk Hydro ASA |
188,389 | 1,195,577 | ||||||
| Orkla ASA |
106,680 | 719,573 | ||||||
|
|
|
|||||||
| 5,867,710 | ||||||||
| Portugal — 0.2% | ||||||||
| Galp Energia SGPS SA |
80,526 | 817,588 | ||||||
|
|
|
|||||||
| Security | Shares | Value | ||||||
| Singapore — 1.1% | ||||||||
| City Developments Ltd. |
114,300 | $ | 616,261 | |||||
| DBS Group Holdings Ltd. |
75,600 | 1,827,729 | ||||||
| Keppel Corp. Ltd. |
259,792 | 1,278,701 | ||||||
| United Overseas Bank Ltd. |
16,200 | 317,824 | ||||||
|
|
|
|||||||
| 4,040,515 | ||||||||
| Spain — 2.9% | ||||||||
| Acciona SA |
2,718 | 489,407 | ||||||
| Amadeus IT Group SA(a) |
20,650 | 1,077,006 | ||||||
| Banco Bilbao Vizcaya Argentaria SA |
63,358 | 326,851 | ||||||
| Banco Santander SA |
510,128 | 1,323,005 | ||||||
| CaixaBank SA |
642,114 | 2,129,278 | ||||||
| Endesa SA |
8,407 | 140,464 | ||||||
| Grifols SA(a) |
25,262 | 214,918 | ||||||
| Iberdrola SA |
440,923 | 4,483,867 | ||||||
| Siemens Gamesa Renewable Energy SA(a) |
9,740 | 172,677 | ||||||
| Telefonica SA |
175,056 | 603,452 | ||||||
|
|
|
|||||||
| 10,960,925 | ||||||||
| Sweden — 2.4% | ||||||||
| Atlas Copco AB, Class A |
24,640 | 262,989 | ||||||
| Atlas Copco AB, Class B |
9,277 | 89,719 | ||||||
| Boliden AB |
35,965 | 1,045,895 | ||||||
| EQT AB |
30,167 | 593,685 | ||||||
| Evolution AB(b) |
620 | 57,835 | ||||||
| Fastighets AB Balder, Class B(a) |
78,120 | 293,234 | ||||||
| H & M Hennes & Mauritz AB, Class B |
38,089 | 383,638 | ||||||
| Holmen AB, Class B |
2,245 | 81,472 | ||||||
| Nibe Industrier AB, Class B |
86,768 | 692,129 | ||||||
| Skandinaviska Enskilda Banken AB, Class A |
33,215 | 350,199 | ||||||
| Swedbank AB, Class A |
5,526 | 82,382 | ||||||
| Swedish Orphan Biovitrum AB(a) |
1,994 | 36,728 | ||||||
| Tele2 AB, Class B |
400,527 | 3,282,725 | ||||||
| Telefonaktiebolaget LM Ericsson, Class B |
77,074 | 428,481 | ||||||
| Telia Co. AB |
567,994 | 1,505,050 | ||||||
|
|
|
|||||||
| 9,186,161 | ||||||||
| Switzerland — 10.4% | ||||||||
| ABB Ltd., Registered |
149,107 | 4,140,746 | ||||||
| Chocoladefabriken Lindt & Spruengli AG, Participation |
||||||||
| Certificates, NVS |
130 | 1,247,615 | ||||||
| Chocoladefabriken Lindt & Spruengli AG, Registered |
1 | 97,189 | ||||||
| Coca-Cola HBC AG, Class DI |
8,960 | 195,716 | ||||||
| Credit Suisse Group AG, Registered |
127,333 | 527,472 | ||||||
| Geberit AG, Registered |
140 | 62,235 | ||||||
| Givaudan SA, Registered |
586 | 1,750,346 | ||||||
| Nestle SA, Registered |
76,338 | 8,310,063 | ||||||
| Novartis AG, Registered |
29,583 | 2,392,990 | ||||||
| Partners Group Holding AG |
846 | 759,355 | ||||||
| Roche Holding AG, Bearer |
4,404 | 1,787,540 | ||||||
| Roche Holding AG, NVS |
26,057 | 8,645,664 | ||||||
| Schindler Holding AG, Participation Certificates, NVS |
1,233 | 201,060 | ||||||
| SGS SA, Registered |
336 | 740,716 | ||||||
| Siemens Energy AG(a) |
5,975 | 69,654 | ||||||
| Sika AG, Registered |
587 | 132,354 | ||||||
| Sonova Holding AG, Registered |
4,039 | 954,673 | ||||||
| STMicroelectronics NV |
59,857 | 1,861,190 | ||||||
| Swatch Group AG (The), Bearer |
870 | 195,497 | ||||||
| Swiss Re AG |
15,847 | 1,177,191 | ||||||
| UBS Group AG, Registered |
137,389 | 2,178,186 | ||||||
| Zurich Insurance Group AG |
3,807 | 1,622,444 | ||||||
|
|
|
|||||||
| 39,049,896 | ||||||||
| 3 |
| Schedule of Investments (unaudited) (continued) October 31, 2022 |
BlackRock World ex U.S. Carbon Transition Readiness ETF (Percentages shown are based on Net Assets) |
| Security | Shares | Value | ||||||
| United Kingdom — 13.2% | ||||||||
| 3i Group PLC |
21,545 | $ | 286,944 | |||||
| Anglo American PLC |
21,748 | 651,444 | ||||||
| Associated British Foods PLC |
6,860 | 106,325 | ||||||
| AstraZeneca PLC |
43,754 | 5,133,749 | ||||||
| Auto Trader Group PLC(b) |
47,320 | 283,247 | ||||||
| Aviva PLC |
101,406 | 486,406 | ||||||
| Barclays PLC |
611,972 | 1,039,895 | ||||||
| Berkeley Group Holdings PLC |
25,200 | 1,002,641 | ||||||
| BP PLC |
478,380 | 2,646,686 | ||||||
| British Land Co. PLC (The) |
15,400 | 64,601 | ||||||
| BT Group PLC |
559,160 | 833,277 | ||||||
| CNH Industrial NV |
54,123 | 700,193 | ||||||
| Coca-Cola Europacific Partners PLC |
43,330 | 2,038,677 | ||||||
| Diageo PLC |
71,056 | 2,924,129 | ||||||
| Entain PLC |
50,540 | 731,140 | ||||||
| Experian PLC |
47,740 | 1,522,202 | ||||||
| Ferguson PLC |
13,261 | 1,446,227 | ||||||
| GSK PLC |
194,977 | 3,193,934 | ||||||
| Haleon PLC(a) |
33,047 | 101,337 | ||||||
| HSBC Holdings PLC |
564,868 | 2,898,930 | ||||||
| Informa PLC |
15,680 | 99,912 | ||||||
| Intertek Group PLC |
2,240 | 93,840 | ||||||
| J Sainsbury PLC |
324,968 | 724,384 | ||||||
| JD Sports Fashion PLC |
231,382 | 258,553 | ||||||
| Johnson Matthey PLC |
14,000 | 310,766 | ||||||
| Land Securities Group PLC |
34,860 | 227,946 | ||||||
| Lloyds Banking Group PLC |
2,122,260 | 1,019,251 | ||||||
| London Stock Exchange Group PLC |
8,400 | 728,129 | ||||||
| NatWest Group PLC, NVS |
195,130 | 525,544 | ||||||
| Ocado Group PLC(a) |
9,940 | 53,888 | ||||||
| Prudential PLC |
102,480 | 952,004 | ||||||
| Reckitt Benckiser Group PLC |
11,147 | 739,759 | ||||||
| RELX PLC |
57,451 | 1,543,162 | ||||||
| Rolls-Royce Holdings PLC(a) |
109,340 | 98,063 | ||||||
| Segro PLC |
136,220 | 1,225,980 | ||||||
| Shell PLC |
164,184 | 4,548,157 | ||||||
| Standard Chartered PLC |
70,840 | 423,250 | ||||||
| Tesco PLC |
154,219 | 380,903 | ||||||
| Unilever PLC |
103,180 | 4,689,979 | ||||||
| Vodafone Group PLC |
2,189,962 | 2,556,566 | ||||||
| WPP PLC |
14,840 | 130,594 | ||||||
|
|
|
|||||||
| 49,422,614 | ||||||||
|
|
|
|||||||
| Total Common Stocks — 97.8% |
366,855,601 | |||||||
|
|
|
|||||||
| Security | Shares | Value | ||||||
| Preferred Stocks |
||||||||
| Germany — 0.6% |
||||||||
| Bayerische Motoren Werke AG, Preference Shares, NVS |
10,360 | $ | 763,986 | |||||
| Henkel AG & Co. KGaA, Preference Shares, NVS |
6,143 | 387,000 | ||||||
| Sartorius AG, Preference Shares, NVS |
288 | 101,546 | ||||||
| Volkswagen AG, Preference Shares, NVS |
6,640 | 849,929 | ||||||
|
|
|
|||||||
| 2,102,461 | ||||||||
| Total Preferred Stocks — 0.6% |
2,102,461 | |||||||
|
|
|
|||||||
| Total Long-Term Investments — 98.4% |
368,958,062 | |||||||
|
|
|
|||||||
| Short-Term Securities |
||||||||
| Money Market Funds — 1.0% |
||||||||
| BlackRock Cash Funds: Institutional, |
176,308 | 176,273 | ||||||
| BlackRock Cash Funds: Treasury, |
3,610,000 | 3,610,000 | ||||||
|
|
|
|||||||
| Total Short-Term Securities — 1.0% |
3,786,273 | |||||||
|
|
|
|||||||
| Total Investments — 99.4% |
372,744,335 | |||||||
| Other Assets Less Liabilities — 0.6% |
2,310,101 | |||||||
|
|
|
|||||||
| Net Assets — 100.0% |
|
$ | 375,054,436 | |||||
|
|
|
|||||||
| (a) | Non-Income producing security. |
| (b) | 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. |
| (c) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
| (d) | All or a portion of this security is on loan. |
| (e) | Affiliate of the Fund. |
| (f) | Annualized 7-day yield as of period end. |
| (g) | All or a portion of this security was purchased with the cash collateral from loaned securities. |
| 4 |
| Schedule of Investments (unaudited) (continued) October 31, 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 October 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliated Issuer | Value at 07/31/22 |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 10/31/22 |
Shares Held at 10/31/22 |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
| BlackRock Cash Funds: Institutional, SL Agency Shares |
$ 652,247 | $ — | $ | (476,006 | )(a) | $ | 57 | $ | (25 | ) | $ | 176,273 | 176,308 | $ | 1,663 | (b) | $ | — | ||||||||||||||||||
| BlackRock Cash Funds: Treasury, SL Agency Shares |
4,860,000 | — | (1,250,000 | )(a) | — | — | 3,610,000 | 3,610,000 | 25,381 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| $ | 57 | $ | (25 | ) | $ | 3,786,273 | $ | 27,044 | $ | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (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 |
62 | 12/16/22 | $ | 5,443 | $ | (191,806) | ||||||||||
|
|
|
|||||||||||||||
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.
| 5 |
| Schedule of Investments (unaudited) (continued) October 31, 2022 |
BlackRock World ex U.S. Carbon Transition Readiness ETF |
Fair Value Hierarchy as of Period End (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 |
$ | 47,436,022 | $ | 319,419,579 | $ | — | $ | 366,855,601 | ||||||||
| Preferred Stocks |
— | 2,102,461 | — | 2,102,461 | ||||||||||||
| Money Market Funds |
3,786,273 | — | — | 3,786,273 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 51,222,295 | $ | 321,522,040 | $ | — | $ | 372,744,335 | |||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Derivative financial instruments(a) |
||||||||||||||||
| Liabilities |
||||||||||||||||
| Futures Contracts |
$ | (191,806 | ) | $ | — | $ | — | $ | (191,806 | ) | ||||||
|
|
|
|
|
|
|
|
|
|||||||||
| (a) | Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
| Portfolio Abbreviation | ||
| ADR |
American Depositary Receipt | |
| NVS |
Non-Voting Shares | |
| REIT |
Real Estate Investment Trust | |
| 6 |