NPORT-EX 2 NPORT_9ETA_81814152_0423.htm BlackRock Future Innovators ETF

Schedule of Investments  (unaudited) 

April 30, 2023

   

BlackRock Future Innovators ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  

Common Stocks

    
Industrial REITs — 0.7%            

Innovative Industrial Properties Inc.

     204     $   13,984  

Rexford Industrial Realty Inc.

     519       28,945  
   

 

 

  
      42,929  

Aerospace & Defense — 6.9%

    

Axon Enterprise Inc.(a)

     1,247       262,755  

HEICO Corp.(b)

     1,051       177,241  
   

 

 

  
      439,996  

Air Freight & Logistics — 1.8%

    

GXO Logistics Inc.(a)(b)

     2,148       114,123  
   

 

 

  

Automobile Components — 2.3%

    

Fox Factory Holding Corp.(a)

     1,304       144,575  
   

 

 

  

Biotechnology — 1.2%

    

Halozyme Therapeutics Inc.(a)

     2,387       76,694  
   

 

 

  

Building Products — 2.0%

    

AZEK Co. Inc. (The)(a)

     4,613       125,197  
   

 

 

  

Capital Markets — 7.2%

    

MarketAxess Holdings Inc.

     441       140,401  

TPG Inc.

     4,639       134,392  

Tradeweb Markets Inc., Class A

     2,595       182,714  
   

 

 

  
      457,507  

Construction & Engineering — 2.2%

    

Comfort Systems USA Inc.

     926       138,428  
   

 

 

  

Diversified Consumer Services — 2.9%

    

Bright Horizons Family Solutions Inc.(a)

     76       5,785  

Duolingo Inc, Class A(a)

     1,294       176,191  
   

 

 

  
      181,976  

Electronic Equipment, Instruments & Components — 0.5%

 

Halma PLC

     1,105       32,137  
   

 

 

  

Entertainment — 1.1%

    

Kahoot! ASA(a)(b)

     26,808       69,984  
   

 

 

  

Food Products — 0.6%

    

Freshpet Inc.(a)(b)

     519       35,796  
   

 

 

  

Health Care Equipment & Supplies — 5.2%

    

Figs Inc., Class A(a)

     6,744       48,557  

Inmode Ltd.(a)

     951       35,434  

Inspire Medical Systems Inc.(a)(b)

     381       101,967  

Insulet Corp.(a)

     460       146,299  
   

 

 

  
      332,257  

Health Care Technology — 3.0%

    

Certara Inc.(a)

     3,761       90,903  

Doximity Inc., Class A(a)(b)

     1,602       58,874  

Phreesia Inc.(a)

     1,377       43,568  
   

 

 

  
      193,345  

Hotels, Restaurants & Leisure — 9.7%

    

Domino’s Pizza Inc.

     100       31,747  

Evolution AB(c)

     1,116       149,107  

Penn Entertainment Inc.(a)(b)

     3,358       100,035  

Planet Fitness Inc., Class A(a)

     2,188       181,910  

Wingstop Inc.

     772       154,485  
   

 

 

  
      617,284  

Interactive Media & Services — 2.3%

    

Match Group Inc.(a)

     3,899       143,873  
   

 

 

  
Security   Shares      Value  

IT Services — 3.3%

     

DigitalOcean Holdings Inc.(a)(b)

     2,083      $   65,698  

Globant SA(a)

     920        144,320  
    

 

 

  
       210,018  

Life Sciences Tools & Services — 10.6%

     

10X Genomics Inc., Class A(a)

     460        24,118  

Azenta Inc.(a)

     2,123        92,329  

Bio-Techne Corp.

     2,035        162,556  

Charles River Laboratories International Inc.(a)

     577        109,699  

Olink Holding AB, ADR(a)

     1,556        33,563  

Repligen Corp.(a)

     829        125,701  

West Pharmaceutical Services Inc.

     345        124,628  
    

 

 

  
       672,594  

Machinery — 3.3%

     

AutoStore Holdings Ltd.(a)(c)

     36,687        79,011  

Chart Industries Inc.(a)(b)

     962        128,042  
    

 

 

  
       207,053  

Broadline Retail — 1.0%

     

Etsy Inc.(a)(b)

     623        62,942  
    

 

 

  

Professional Services — 2.8%

     

Fiverr International Ltd.(a)

     2,381        86,954  

Paylocity Holding Corp.(a)

     462        89,300  
    

 

 

  
       176,254  

Ground Transportation — 3.3%

     

Saia Inc.(a)(b)

     704        209,630  
    

 

 

  

Semiconductors & Semiconductor Equipment — 10.7%

 

Ambarella Inc.(a)

     1,556        96,441  

Entegris Inc.

     2,420        181,306  

Lattice Semiconductor Corp.(a)

     2,202        175,499  

Monolithic Power Systems Inc.

     395        182,478  

SolarEdge Technologies Inc.(a)

     158        45,130  
    

 

 

  
       680,854  

Software — 13.9%

     

Aspen Technology Inc.(a)(b)

     602        106,554  

Bentley Systems Inc., Class B

     1,423        60,563  

Bill.com Holdings Inc.(a)

     1,104        84,798  

Confluent Inc., Class A(a)(b)

     6,459        142,098  

Five9 Inc.(a)

     2,013        130,523  

Gitlab Inc., Class A(a)

     1,492        45,297  

HubSpot Inc.(a)

     466        196,163  

JFrog Ltd.(a)

     2,350        43,639  

SiteMinder Ltd.(a)

     28,836        69,938  
    

 

 

  
       879,573  

Specialty Retail — 0.3%

     

Leslie’s Inc.(a)(b)

     2,066        22,416  
    

 

 

  

Total Long-Term Investments — 98.8%
(Cost: $7,998,562)

        6,267,435  
    

 

 

  

Short-Term Securities

     

Money Market Funds — 20.8%

     

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

     1,218,754        1,219,120  
 

 

 

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Schedule of Investments  (unaudited) (continued)

April 30, 2023

   

BlackRock Future Innovators ETF

(Percentages shown are based on Net Assets)

 

Security   Shares     Value  
Money Market Funds (continued)            

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

     100,000     $ 100,000  
   

 

 

  

Total Short-Term Securities — 20.8%
(Cost: $1,318,729)

       1,319,120  
   

 

 

  

Total Investments — 119.6%
(Cost: $9,317,291)

       7,586,555  

Liabilities in Excess of Other Assets — (19.6)%

       (1,242,449 ) 
   

 

 

  

Net Assets — 100.0%

     $ 6,344,106  
   

 

 

  
(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
07/31/22		      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

    $ 979,979      $ 238,606 (a)    $ —     $ 336      $ 199      $ 1,219,120        1,218,754      $ 3,844 (b)    $ —     
 

BlackRock Cash Funds: Treasury, SL Agency Shares

      210,000        —       (110,000 )(a)      —        —        100,000        100,000        6,449       —     
           

 

 

     

 

 

     

 

 

        

 

 

    

 

 

     
            $ 336      $ 199      $ 1,319,120         $ 10,293     $ —     
           

 

 

     

 

 

     

 

 

        

 

 

    

 

 

     

 

  (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.

 

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

    $ 5,867,258      $ 400,177      $ —      $ 6,267,435     
 

Short-Term Securities

               
 

Money Market Funds

    $ 1,319,120      $ —      $ —      $ 1,319,120     
    

 

 

     

 

 

     

 

 

     

 

 

     
     $ 7,186,378      $ 400,177      $ —      $ 7,586,555     
    

 

 

     

 

 

     

 

 

     

 

 

     

Portfolio Abbreviation

 

ADR

   

American Depositary Receipt

 

 

 

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